The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-20
GRAIN BILLS BOUGHT;
Big CARGOES GOING
100000 Bushels Will BE
Shipped This Week From
Two Southern Ports.
ENu.AND WANTS L. S. OATS
War Risk Insurance Rates Drop
Many Ships to Sail From
New York.

The banks OF New York, New orleans,
Galveston, Chicago, Boston and Montreal
continued to buy freely OF grain bills
yesterday, according TO advices received
In this city. At the same time arrange
ments were completed for more foreign
shipments. II was announced that Gal
weston and New Orleans will ship 100000
bushels between them this week.
The shipments OF wheat so far are on
old contracts but II was reported yester-
day that there Is strong demand for
oats. particularly by the United Kingdom.
Exporters at the Produce Exchange who
had heard OF heavy sales did not know
whether this was for the British Govern
ment or for private firms They SOLO
their bills yesterday at between S4sb ana
Ass on seven day drafts, but sight
bills were around So, depending upon the
bank
The optimistic feeling in the export
grain trade was reflected yesterday In
the activity of the market. where prices
raised again Exporters were not 80
optimistic about general commodities
Such bills are usually for thirty, sixty or
ninety days. and the banks are not yet In
cllned to buy that paper
Drop In war Risk.
A favorable feature Of the situation was
| the drop In the war risk. war fisk IN
surance for the United Kingdom was re-
duced from per cent. to 3ha per CENT
| for Australia IL was reduced from 10 per
| cent. To ~ per cent. and 10 South Africa
| from ia per cent. to per cent Ihis
! APPLIES only to British bottoms
| According to the foreign trade depart
ment OF the National Association OF
Manufacturers the shipping situation is
somewhat relieved. particularly with
reference to British and French ports
Much lower quotations can be ootaineo
| for freghts when business IL actually
| offered. although rates are still far above
the normal.
A significant development yesterday
was the withdrawal Of all Greek vessels
from the general shipping business. An
| nouncement was made that they woulu
accept cargoes only when they were con-
sIyned 10 or by the Greek Government.
No explanation was given for this action.
which was taken to mean that Greece
expects TO he at war very soon with some
nation. ,
The bureau has compiled list of sail
lngs. with freight rates and insurance
! where obtainable. as follows:
Livcrpooi-cunard Line--Laconia. Angus,
! 10; Pannonia. August rs; Campania August
| rs: Saxonia, September IL, Campania, sep
TENDER IS. Freight rates are declining
VIII SUBMIT IdlT iuoNaNi'h' w
"LiyerpooiPwhite star and Rcd star ser
vice-Isame conditions apply FREQUENT san a
| Arm orer Rates much lower.
Southampton Service to l.iyerpooiDAme q,
lean I.ine-Philadelphi August ls' ~,
Louis August 20. Prompt business can be
handled al much more reasonable rates man
formerly quoted quotations given Tor
| propmt clearance only. Insurance ! per
Manchester service-ssme conditions ap.
] White star and
iamport 4 Holt Line. Insurance pei
cent Increase in rates now ranges approx
London service-Atantc Transport Line
conditions have not changed Rates re
NAMING p1seSsiy the ,h sSRe much as ' better
quotations can be given for prompt ship
ment insprance per cent cent. Cor Rr,.,o
end swansea. also through B/L TO New
port and Cardin-General measurement rave
2Os. New York city August 20. lnsur
ance per cent
Many French sailinR-.
Havre-Chicago and France left Havr'
last saturday. WIN receive cargo FOR re-
turn voyages at the regular rates. no no % H.
the postal boat rates. France viii sal
August ISL; chiesso Angus; gs EspssIns
France. september ~. Freight accommoda
lions available
will be the Harm, Norwegian vessel rs pc
cent. increase. VIII sail August 81. In
surance per cent.
Udlni. September 8. Rates have advance
5 per cent Space available limited In
M Mars and southern Frsnce-Fahr'
Line Germsnis, sailing latter part Of thi
week Rates are again normal. onerini
regular tarin quotations. Exchange IS.
Norwegian American l.ine-Saillngs sep
TENDER and Is. but cannot accommodate
al the present time anyt thing except pro
visions -four and foodstuns on the mrs
mentioned Probably little later on cal
take general cargo
Australia ana New Zealand-sai!ing o
the Norfolk has not been positively decided
Norton, LILY & Co.--stsr OF New zealan'
about september 10, II enough cargo oner
for Melbourne, sydney and New zealan'
points Increase in freight rates 70 pc
cent
south Africa-Tuscan Prince will sal
August 22 for South African ports. 81 J.
per cent. Increase. Exchange rate " so.
Brazil and River Plate-Afshhn Prince
, August %; Bantu, August 20. Industry
August al; Vandyk. August 80 30 per cent
china and Japan--City Of Bristol Angus
I 10. Freight rates increase 80 per cent. In
West Coast South American. Y. = A
Line-Grafon Han August ~. Hate
have not been advanced, Insurance 10 pc
e tember Rates not quoted.
n Venezuela and Curacoa-Royal Dutc
East Indies I.ine-Rates remain the SAM.
i trinidad, Psramaribo and Hayti-Rate
a have increased so per cent.
A general reduction In rates is no
looked for by shippers at this time. The
believe It will be some time before tn
rates are restored 10 the normal. becaus
OF the number OF cargo ships requisi
toned by the British Government