The sun., 1914-08-19
GRAIN BEGINS TO GO
FASTER TO EUROPE
Banks Here and In Other Cities
Are Buying Bills More
Freely.
MANY SHIPS ARE LOADING
Movement Lifts Railroad En-
barge OH Shipments to
Seaports.
MANY SHIPS ARE LOADING

The export business Of the United
q little start last Saturday. gained moro
headway yesterday when the banks OF
New York. Boston, Chicago and New
Orleans bought more freely OF grain bills
on contracts already executed The ef-
feet was to start grain shipments which
Il is thought will pass the 100000
bushel mark this week. an increase OF
more than 100000 bushels over last
week.
Galveston announced that IL would ship
1000, 900 bushels OF wheat to England
this week az the least. Four large steam
ers there are loading $4,000 bushels and
moro will go. Boston will ship 100000
| bushels OF wheat on he steamers. II
was announced that 100000 bushels OF
wheat will leave this port for England
within a day or two and that every ship
| sailing later for England Will carry more
The increased shipments abroad re-
suited y. s,erday in the lifting OF the
embargo on interior shipments to the
seaports Shipments were resumed from
Buffalo to Philadelphia and from Buralo
10 New York Ono consignment OF 40.
| 600 bushels OF wheat arrived yesterday
Room for More Grain Now.
The grain elevators OF New York.
| which have a capacity OF 1e.ooo,ooo
bushels, will begin to receive shipments
nt once. II is said there are only about
e.ooo.too bushels around New York at
CHS time
Bills on French shipments were taken
10 a limited extent yesterday, but there
were no bills on Belgium disposed OF
The feeling is that despite that Govern
ment's offer to assum> war risks md the
guaranteeing of exchange by the Bank OF
belgium there Is some danger in shipping
to Antwerp. II may be In the hands OF
the Germans by the time ship could
arrive at the mouth OF the Scheldt.
q. W. Blanchard. who represents
large exporting company. and who Is
member OF the special committee OF the
North American Export Grain Associa-
tion. said yesterday afternoon:
''The situation continues TO Improve with
the purchasing OF bills by the banks. The
exporters of the country are living up "a
their contracts wherever possible. as they
have always done. II 10 apparent that
not all the contracts can be carried out
bu, this will not be the fault OF the
shippers II will be because they will bs
unable to get ships. Many charters were
: obtained for ships which since have beer
reauisItioned by the British Government
Those ships are out Of the trade A mar
who has contracted TO ship say in NO
venber. will then be unable 90 do SO anc
the buyers cannot hold him 10 HE con
tract"
Freight Rates sim High.
Freight rates continue high. three :,
four times what they were before the wal
demoralizcd everything. But the Brttisl
steamship lines which deliberately can
r celled charters at the old rates are no
taking advantage Of II, II Is apparen
that the British Admiralty is after them
for all have returned to tho original char
terer with the offer to take the grain
When they did cancel. complaint wa
made to the British Corn Trade Asso
Citations. which complained to their Gov
ernment. request was made of IN
0 local association TO send in tho names o
: al. lines which had cancelled. This wa
done. ono line. which had deliberatel,
cancelled twenty-one charters said tina
Il had changed It's mind and would TAX
the grain and Il Ia taking II.
This will be OF immense benefit to al
who have contract shipments to make
There was one case reported yesterda!
Of Norwegian tramp ship which can
ceiied a charter for England and pron,ptl
took q cargo OF coal for Buenos Ayre'
Only one thing will happen In that case
! II tho ship ever shows up at any Amer
0 can port II will be libeiled and held TO
Z the damages
Tho grain men yesterday did not kno'
how far the banks would go In the pur
chase ot grain bills. Tho banks simpl
o announced they were taking them. Th
Z rates varied with banks. They were a
low as ass for seven day bills. and u
TO 4se on the pound sterling The sigh
bills were up around 4.es. but ther
were few OF them for sale