The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1915-09-02
SIGNS AGAINST HIGH
PRICES FOR WHEAT
(From Daily Spokesman-Review)

(From Daily Spokesman-Rev
Ships are scarce, but If the allies
need our wheat ways will be found to
move it across the sea. Lloyd B. San
derson, general agent at New York OF
the Pacific Steam, the Royal Mail and
the Wilson lines predicts that New
York in September will ship the lar,
gest cargoes of grain in the history OF
the port. Freight rates will be very
high, but he thinks there will not be
much difficulty in getting tonnage.
The Wall Street Journal reports
that in New York shipping circles the
belief is growing that the allies will
be able to release a sufficient number
Of large vessels at present engaged In
transporting troops and supplies to
the continent. Between 800 and 500
vessels of various tonnage capacities
and speeds are engaged in this trans
fer service. A release of 25 per cent
of these ships to the various trans
shipping ports Of the United States
and Canada, together with such mis-
cellaneous ships as have already been
fixed by charter, it is thought, will be
sufficient to keep the crops moving
with about the same degree of dis
patch that the railroads will be able
to bring to bear.
1t appears, then, more question
of markets than Of ships. The allied
nations must have wheat in volume
sufficient for their needs, but the un-
known factor is the volume of these
needs.
Great Britain will turn first to In
dia, Australia and Canada. The In
dian crop is short. Broomhill's Liv-
erpool Corn Trade News reports
drouth with holders of wheat very
reserved and offering little even at
the advance"
Broomhill's agent at Sydney places
the Australian yield at 148,0O0, 900
bushels, as compared with 100000
600 bushels last year.
The Canadian crop is not yet
saved, but official estimates run high
-275, 100000 bushels against 160,-
100000 last year. They are talking
now Of a Canadian surplus of 175,-
100000 bushels compared with 95,-
100000 bushels shipped last year.
France, Great Britain, the Scandi-
navian countries, and Spain report
adverse weather conditions. Broom
hall cables that "crcp prospects are
distinctly unfavorable" in the British
isles. The same authority says the
French outlook is for yield much
under last year, with the quality
poor; importation will be large"
On the other hand Italian weather
is fine and harvesting is progressing
rapidly, and the minister of agricul-
ture says further import require
ments will only be necessary for
about 20,O00,0OO bushels.
The Russian minister of agricul-
ture reports that supplies are abund-
ant and the available amount for ex-
port large, so the Dardanelles re-
mains an uncertain factor.
Another uncertain factor is Great
treatment of grain ship
nents to Holland and the Scandina-
Wan countries.
Considered altogether it is evident
hat the future of the wheat markets
S difficult to forsee. High ocean
'ates and abundant American and |
Canadian crops tend to force down |
quotations at Liverpool But frosts
nay yet work havoc with Canadian
wheat and send British buyers sour
ying to the markets of the United
states. Conversely the forcing of the
)ardanelles would send down Amer
can prices with a rush.
Weighed at whole, though, the
onditions do not indicate high prices
or wheat. Nor do they indicate un-
sually low prices.