New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-15
WHEAT SCARE ABROAD.
Prospects for Light Crop in Ger
many. RumaniQ and Russia.

london May 14ZTLe European wheat situation
according 10 the generally accepted view here re-
selves itself into question Of supply and demand.
7 is explained that il Is not speculation alone
which has brought about the present high prices
The situation has been strongly Influenced by buy
ing for the demand.
Germany has been purchasing Australian and Ar
Fentiue cargoes for nearly six weeks. the short
ness Of stocks ia that country being caused TO
some extent by selling considerable quantities Of
both rye and wheat 10 Russia, as last Years Rus
san crop suffered damage. Germany therefore
must now get about four million quarters more
between January j. and the end OF July this year
than during the same period last year. This fact
IS regarded here mainly instrumental in caus-
ing the squeeze because the River Plate shipments
are required by aha United Kingdom, Germany
and the Mediterranean. especially italy
It is also ACKNOWLEDGED that considerable dam
age has been done 10 the winter crops ia Ger
many, Rumanja. Hungary and along the Danube,
extending 70 about a. per cent. one Bulgarian re-
port says that in places II IS about 50 per cent
From al Eus pc. France excepted, the advices
ere unfav0rable. The Russian crops are not only
had. but the political uncertainty IN tha- country
IS also having depressing effect on trade. The
rnillers have been EeeDing down stocks to the
lowest points possible living from hand 10 mouth,
expecting drop in prices Cold weather ga Great
Britain also 70 some extent helps the advance.
IN the past. generally speaking, when there has
been plenty ~ the East. and vice versa. but this
,-rl--ef M sesofaf.,f Pros mai when he left
Eumanis some weeks ago tae outlook was bad
Of ne eit,atIor T4c yrrher said that unless rain
and the export 81 wheat wouid he prohibited.
toYia this evening said that tie wheat market there
was strong ana that prices lad advanced I'VE cents
Liverpool MAJ l4-Accordiug TO the opinions Of
dealers. the increase in the price Of wheat IS due
the shortage OF the crops ia the United States,
her q
tive movements.
TIE latest reports from Bucharest say that
less rain falls Iu d few days tie spring crops Ia
the whole Of Rumaaia viii suffer severely
IRE large cargoes Of wheat which generally reach
these waters mis- period ~ the year have not
rived. ard The stocks 10 Great Britain are light.
considerable quantity oc Australian wheat IS
being purchased 81 England FOG Germany.
Owing to tie increase in The price Of -four tie
Scotch bakers AaEa RAISED re price Of bread.
Wheat futures ,-eLsa te.5s5l lower oE tho com
Exchange TO-DAY, disappointing cable adylces.
and further declined general realzati0ns. This
afternoon Futures were qaotcd ~ about l-s1 .o&er
than Yesterday evening. Maize opened uncLaHfel.
sLe tt!s afternoon "as about ID. lower n hynya-
Glasgow, MAY l4-In sympathy with the soaring
prices IN the Emitted States Scotch holders OF wheat
are demanding substantial advances The stocks
this side light the large cargoes tisuall,
expected a this tine Of the year are not material
king. Home mlers therefore are protecting
A4cl4Se4RcS fl4u Inc Scolcn bakers have raised
price Of bread, on account Of increased cost Of
-four. Germany IS a factor in the situation large
purchased fer that TuuTrv. I'm
Paris. MAJ little wheat situation IN the ,-n,,.,
States IS being followed most attentively IN PART
and every part Of Europe The upward movements
q prices however. DO not cause great surprise IN
commercial circles Prominent grain merchants
here express Tie opinion that the present upward
movement is partly Justified By The crop repor,s
although IT r. considered 10 he 10 "a certain degree
speculative.
some reserve 81 regarded as necessary in forming
al opinion this side, the latest available re
ports IN Europe month old when almost every
country except France reported shortage. German
whear suffered from the rigorous winter and Hum
gary. Russia ana tie Danube Districts also endured
Eevere cold, while the spring wheats have been re-
taFded by the abnormal temperature. All parta
syg complain Of the excessive heat end even 10