The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-27
RISING TENDENCY
IN WHEAT MARKET
At Times Offerings Are Small,
While Demand Is Fairly
Brisk.
CABLES ARE ENCOURAGING
Buying Stimulated by Light Re
ceipts and Backward Seed
ing in Northwest.
CABLES ARE ENCOURAGING

! New York. April 26-There was a
strong rising tendency in domestic
wheat markets early In the week. At
times offerings were small while de-
mnnd was fairly brisk. Buying was
stimulated partly by encouraging ca
blcs. European markets being influ-
enccd by Il large decrease in the guam
tiiy on passage. 3.232.o00 bushels,
against an increase year ago of
2,eos.oo bushels AS our visible sup
ply decreased materially, while the
European visible supply also fen on
i,lao; ooo bushels. the worlds available
supply statement showed an enormous
l,l.l.uo0 year ago.
European. markets were affected by
cnntlnued light offerings for forward
ana indla. The Paris market Was es-
neci&ilS strong. as the weather in
france was unfavorabic. being too wet,
WA!oi has delayed seeding. Hence.
there viii probably lac Il reduction in
the acreage. In view OF the facts de-
scribed: 1t was believed that import
ers i'm Western Europe would be com
pciicd 10 turn TO North America for
larger supplies.
MeNican Disturbance and Prices.
IN our markets buying was stimu-
faxed partly by light primary receipts,
backward seeding in the Northwe est,
s,r,i TO- cold weather. and hot and
moisture Is needed. To make matters
worse. green bugs and Hessian ny
s san,. be- become nrsoI more plentiful. With
vailed that the so-culled war with
Mexico was partly responsible for tho
nnturn. Why such hostilities should
cult to understand 1t would be an
entirely different matter IL war should
break out among large European
Assurcdly, tho import requirements
or no country will be in any degree
iessenea. As matter OF fact. the con
4 dict between this country and Mexico
might lcgitimately tie regarded as :,
| hearish factor because we ship small
quantities OF wheat and corn to that
Nes OF flour Such shipments would
naturally be curtailcd. il not wholly
stopped for the time being.
I.ntc RenrtIon.
Late In the week there was a slight
reactionary tendency. Demand lie :
came lighter. and with offerings slight
vas lost; IL seemed evident that many
! dealers had at last awakened to Tive
iact that war with Mexico was not
legitimate factor. The increased
/ selling pressure WAS partly attributed
10 the receipts of more optimistic al :
vices from the West. whore the wealth
southwest there was light TO moder-
I ately heavy rainfall over fairly
via" area, where moisture had been
needed. In addition it was clear and
mild i'll the Northwest. and therefore
\ spring seeding has made far more sat
4 !sfactory progress.
According TO the Modern Miller re-
port the indications point to a large
4 crop, the actual damage reported from
any, cause being the smallest on ra-
! cord. indicating AN exceptionally high
/ winter wheat acreage on Nav ~
be reported hy the Department al
A.sri,eultuTe. \ decided break was
/ checked, however. by continued light
/ receipts at primary points. while shin
! ments continue large into consiimptiye
channels. Another decidedly large de-
7 crease is expected In the visibl. sun
i PLY. Moreover. cable adviccs were
/ slightly encouraging. E,uropca
1 markets being Influenced by light ship
I countries excepting Russia There
| fore there Will no doubt be fairly
nlG deereas" IN the quantity on pass
| were decidedly limited, only 1000
I bushels. making the total since tho be-
/ ginning 81 the crop year. January l.
| only s3;'9d.ooo bushels, against 1860
"on bushels 4 year ago. Consequently
! well-informcd dealers believe that Wa
wIll soon be doing larger business
| Tor forward shipments to Western E,u
! rope. provided prices DO not nuctuate
! to any great extent.
I Steadiness. apparently. is tho condi-
/ fact Is, exporters acknowledged the RI :
| ccipt Of fairly large orders AZ some
| what more favorable limits. although
/ some Of them sim slightly too low ia
\ is an ample supply OF ocean freight
/ room Mt comparatively low rates. The
4 market was decidedly strong in Paris
/ as the bad weather in France has
| caused reduction in the acreage.
| Activity In Corn.
1 The corn market has been a broad
/ affair. Heavy liquidation trading for
| both accounts has led to active deal
| ings with wide and even violent fuc
/ tuationS occasionally. At times hold
| ers for the rise have shown much
| anxiety to unload. which resulted ir.
some decentralization.