The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-08-20
GENERAL EXPORT SITUATION
REMAINS IN CHAOTIC SHAPE
Wheat Iscinr Shipped Handled Under Very
Unequal Condi-
Especial Ia Tho -i'imce-Disn,t,h1

Especial To The Times Dispatch.l
chicago. H. August la.-The general
port situation remains chaotic. cIcaranccs
viii be liberal this and possibly ncN, week.
United Kingdom and a small amount to
French ports. Excepting few French ports
practically u" shipments arc being made To
being made In british bottoms. The wheat
being shipped is handled under very unequal
conditions Nearly all Of 1t has been scld
al considerably lower than current prices.
funds in New York before shipments arc
made and tnis Is being done. In many eases
cialiy .; the Gulf in order ~ 10 - ship The
wheat Charters must be cared for. rhe
wheat which Is In store at Gulf ports must
lie moved. There Is very little bust
ness hcins accomplished. and after tho Inn
mediate pressing demands OF both buyer and
shipper are satisfied business will become
even more difficult. Boats arc scarce and
owners are demanding very high prices and
"Nacting oncrous terms. With practically
the entire Continent smut on; competition
ports. which does not tend make the
English buyer very enthusiastic. owing -
The enormous diversions from Continental
markets T." English markets. Liverpool
cahied this week that cash arrivals were
practically umsa1ahle. the market being
badly Sluttcd rhe export situation is not
improved any because New York banks will
ceptancc Of same is no, final, and unless
they arc paid abroad tho shipper IL liable
tha; tho money he here in order that tho
.hirper may net lie subjected to the for
OF ia.V:',e today. There were many in the
trade - express. the opinion that II was inn
possible tor them to lind anything hullish
III he situation at the present level of prices.
The head nj a leading house in the trade
said that IA his opinion foreigners woula
require great deal of brcadstuns later
on aut ~ the present time the amount a.:
wheat sold, to go abroad viii furnish ample
supplies for the time being. Tho wheat
er"ps ct the leading grain producing conn
tries of Europe arc short. the total being
placed 10y AN English authority at $4,000. 200
bushels. treat Rr!;.s:;; is the only country
which las raised more wheat than in 1i3.
bushels
Last Year. spot wheat AT Liverpool to-day
wac unchanged I" III. higher. and the future
market .d.'-u. better.
Weather conditions over the corn belt
10 morrow was even more encouraging.
There were showers In tho Southwest. and
he official forecast MAS for lo"er tempcra-
lures over tho entire territory. This had
proii-;aking in tho latter part Of the
sion. and prices. after being sTa,c higher
than TucSdas'S close =: one time. finished
The day va - under previous resting spots.
10y tho country also discouraged holders. aud
the East WAS not 50 keen after cash corn
here.
New high levels Tor the crop were made
by all deliveries NJ oats. hut closing figures
We're materially under these figures. There
was active buying carly by locals ana COM
mission houses. which indicated that tho
puriic has confidence ia tho market prob.
Ably ON the theory that oats prices too
cheap compared with other grains. An nN-
ccllcn, demand prevailed tor cash oats
chiefly on export account There Was free
selling FOR profit around tac top figures. and
this. with the weakness In corn was re-
sponsinl. 70: the reactions IN prices Rest
closing figures. pith September showing tho
most strength.