The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-09-08
RISING TENDENCY is
FOLLOWED BY LULL
Wheat Advances Early in Week. and There Is Better
Class Of Buying uoyancy Partly At
tributed to Encouraging Cables.

New York, September There
Was strong rising tendency in do.
nestle wheat markets early in the
week Offerings wore light. and de.
'nand more animated There Mas :,
better class of buying. especially OF
The Investment character. prompted
primarily by continued not and exceed
iaely dry weather In tho Southwest
which caused further deterioration in
worm Many conservative dealers are
noN willing TO admit That The corn
crop mas been greatly injured. and that
fuc total production VIII be close TO
ono th.rd less than las: year This.
they :ealizo, viii Lead to u larger con-
u.nnpt'cn OF wheat. partly in the
sGnre ~ fccG !or farm animals. Fur
;her!0ore. there is shortage of over
A0o.000 coo bushels in oats. ard this
SILL also increase the consumption of
wheat Besides. the crop of potatoes
IS said 70 be approximately 100. 900, zoe
bushels less than last year. and, OF
course, IL IS n we'll known tact that,
e potatoes arc comparatively scarce
itnl dear. people OF small means will
re compelled 10 cat more bread. With
corn sailing at an exceedingly high
level NJ Western points. ii was con-
tended that many farmers would either
Iho.r hogs and cattle TO market. This
latter has, in fast been done somewhat
oN:enslve!y.
The buoyaHcy was partly attributed
:. sncoUra EinE cables. European mar
kets being decidedly stronger, which
led 10 fair buying of cash wheat and
futures for foreign account. The ris-
ing trend in Europe was partly attrib-
utcd to higher advices. not only from
l~,,t to
other exporting countries Apparently
importers In Europe have at last be-
Eur 10 realize the extent OF the dam
age 10 our corn crop. Evidently. they
~ last perceive that hugo shortage
In our corn supply Will make wheat
moro valuable. Needless TO say, With
the corn crop close 70 1000, ooo.oo
bushels less than last year, there will
unquestionably be n great scarcity OF
hogs and cattle and hence meat, both
fresh and cured, will be dear. which
will compel people of small or mod
crate means to consume far more -four
than they otherwise would.
Rcnction After Enrly Advance.
There was n lull during the las, halt
Of the week Buying orders became
somewhat scarce. while sellers were
more numerous. holders for the rise
showing an inclination to unload. This
in some quarters was partly attribute
od TO the subsistence Of excitement in
the corn market. Spring wheat
threshing returns have been satisfac-
tory. the yields in many places turn
ing out slightly larger than anticipat-
ed and hence it is believed that the
next official crop report Will show
some gain in the spring wheat pro-
duction Some shrewd Observers be-
iieve that il Will exceed 25o,o0o.oo0
bushels. agains, 233,o0c,oo0 bushels in
dictated last month. This would make
2 grand total of slightly over 100
ooo. 600 bushels. or the largest on rec
ord the former record being 1iS,too,-
ooo bushels in 1901 Notwithstanding
This conservative merchants Sill con
tend that -four is the cheapest OF all
commodities. In other words. they be