The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-05
WHEAT UP ~ CENTS
FROM WAR OPENING
Price Jumps Again on Probable
300,O00,0OO Bushel Short
age in EuroLI.
30 CENT RISE IN FLOUR
Cereal Rate Now Existing
Means 81. 200, 100000 Cal
to U. s. Farmers.
30 CENT RISE IN FLOR

MIllers advanced the price Of a h...,.
OF flour rs to 80 cents overnight. follow.
ing continuous rise In values This Nas
the big development in the market y,s,or.
day. The probability OF enormously ,I..
tailed yields abroad next season AS A 20.
suit OF the war are at the bottom ot 20
Intense excitement and Unprecedented
strength In the grain markets.
Wheat quotations scared more than s!x
cents yesterday and have risen Is cents
a bushel since the beginning OF ths week
Buying by spectators has accelerated the
advances frequently. but no lasting sue
cess could have attended their operations
II the supply and demand situation had
not been inherently strong. The demand
uf the agents Of European Governments
Is so urgent that from TO IL cents
bushel on wheat and 20 to 90 cents on a
barrel OF -four maiAs little difference 10
them.
Almost a million bushels Of wheat were
sold for export yesterday and there were
very large -four sales. France, England,
Greece, Norway. Sweden, Denmark and
North Africa all have bought unusual
quantities..
The levels for grain have ascended so
stnSaJlOHully anu peISNteHtlJ tHht ielh-
lively few persons realize the extent OF
the rise of values. Less than two months
ago wheat for September delivery IN Chi
cago sold at 76ia cents. Yesterday the
same contract had a value OF Sl.2l.
Millions for Farmers.
American farmers are being vastly
benefited. The advaace In wheat means
that the crops worth has increased &+Os,-
A. shara .fh ar 70, In.
considered. The corn crop. which is esti-
mated at approximately 2,625, 100000
bushels. has experienced price appre-
citation OF from 20 to % cents "A bushel.
and the oats crop Of l.lO0,OOO,OOO bushels
"a gain Of from Il to 20 cents bushel.
In these three crops alone farm vaIueS
have been EXCHANGED by more than $1,000
10000
Flour. which cost $i.75 barrel recently,
now commands S725 and more. a MEM
Der of one Of the larger flour exportin-
firms said yesterday:
Flour may or may not reach $40 "a
barrel. but II Is bound TO sell at remark
ably high rates II the European war lasts
another six weeks. We are bcsIeged with
bids from foreign countries for tremendous
lots which are wanted for prompt ship
ment. These orders emanate from gov
ernmental representatives and are bona
dc In every respect IT the conditions n
normat ,ha boavv exodus Of sun now
under way ,yould he added to In AN
amazing way.
as "a cnnnlaInts from our own CON.
sumers 4, must he horre In mind that ~.
limited states IL now the one no,ion bslnu
called unon 10 surplv tho major mart =
Europe"
aOO. OOO. OOO nu.h.I shor,,u.
Nhile the uhlted states mas surplus
o, whea over the previous season OF
loo'oVp'OuV bushels lnere ~ shoItb1'
ELSEWHERE IN the Morlu OF closy TO oVo'-
Voo'oVo oushelS' RUSSIA mas IoV'ooo'uVu
ousneis itss' Cahaua 'V'ouV'ooV Tess ana
Austiid-Iiuhsurg mas not come VIM"
oo,UVu'Vvo puShels "t iasl year result.
mus II ~ tne rear iha' furope WI!
uerlNe ohIy limited rehuIs from tne sol
mex seaso" Wn'en .hspIies the AheIioan
iariier TO part win ms present wheat
ieiuc,ahty even al present prices "h,cH
are ule HIsnest III more Vhh lWthty-nNt