Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-14
WHEAT SALES OF WEEK
ARE LARGEST OF CROP
Taktngs Are Estimated From O.00O. 900
to 12,0O0.O0o HnsheIs IN All POSI-
tiOns-Foreigners are buying.
Especial to The Tlmes-Dispatch. ]
CHICAGO. Dacemhar 13-Cash W

Especial to The Times Dispatch.
CHICAGO, December 13.-Cash whee t
sales last week were the largest on
the crop. Takings during that period
were variously estimated Mt from o.
100000 to 100000 bushel In all po-
sitions. and at least two thirds OF this
wheat was sold by Chicago houses
with branches In tho Southwest and
East. On Saturday last the purchases
by one foreign government In the Chi
cago market were reported at 2,00e, 0oO
bushels In round numbers. 1t was said
at that time that this Same government
bid full prices for another round lot,
hut that the wheat was not to be had
under the conditions asked by tho
would-be buyers.
1t has been said by the writer that
whenever tho Western receipts Of wheat
showed signs of decreasing there would
como demand from abroad that would
surprise even the most ardent bulls.
That the Ratter Of price would be a
secondary consideration. as foreigners
must have tho heat and they must
come to the United States for the sup
plies necessary. Many have believed
that Argentina would be seen as a
sttong competitor in the wheat market.
IT was said last week that Italy made
heavy purchases OF wheat from Argen-
tina, but that the shipments were de
ferred. and that in the meantime italy
would be forced to come to the United
States for the much-necded supplies.
1t now transpires that the wheat crop
or Canada has been pretty we'll sold
out. and that the grain now left in
inc hands OF farmers and country ele-
vators is pretty we'll owned by Great
Britain. cable received from Rosario
latc saturday said that the crop of
wheat In that country Is too far ad :
vanced to suffer much damage by frost.
that the exportable surplus there la es-
timated at 10S.o00.0O0 bushels. This
news was considered quite bearish by
grain mon at Chicago, and as II came
through one of the strongest houses
credited.
The bulls in wheat at Chicago do not
eSpecf to gain control of the market
Tor futures until such time as the out
slider is again to be seen as buyer.
The trade continues light and wholly
OF professional character.
western receipts last week werc TO-
100000 bushels compared with 12,337.-
goo bushels the previous week, and g.
100000 bushels for the corresponding
time a year ago.
Corn and oats have Travelled hand
IN mana during the past ten days. Both
nave ruled quiet, and with the in
creased movement of corn to points of
distribution and with lower prices for
mat grain, the oats have refused 10
hold up well. There were 1l.l54oo0
nushels OF corn received at primary
h,arkets last week compared with l2.-
04s,ooo bushels the week before and
b,0SS.oo0 bushels year ago. Receints
or oats at Western points last week
were 100000 bushelsl which were
$685. bushels LEGS than the week
before,-but 1.400 bushels more than the
corresponding time last year.
The provision market has encount-
cred big run of hogs, not only at Chi
cago but at leading Western points.
ana values have eased off some in con-
sequence The cash trade in both mea Is
and lard has not been up to expectn-
lions. but the fresh pork trade has been
fairly active.