Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-07
HEAVY CROP MOVEMENT
FROM TEXAS EXPECTED
Oktahomn md Southern Kansas Also
VIII liRvc LrrEc Quantities OF
Grain for Shipment.
Special to The Times Dispatch


/, CHICAGO. June s.-Accordinr TO al
vices from the winter wheat belt, there
VIII he Il heavy movement Of III. new
crop from Texas. Oklahoma and South
ern Kansas in the near future and it
must be conceded that buyers will
have to he found for this grain or
sharp price losses will be seen along
:hc whole list.
Word comes to Chicago that goodly
quantities OF old crop wheat are press
ing for sale ut Gulf ports and this
Viii make the new crop grain harder
To dispose of than under other conhi-
tons. The old wheat now held at Gulf
ports and to he received there was
shipped there with the idea that ex-
porterS would take everything in
sight II satisfactory pieces. but this
has not bee tho case. The eastern
seaboard has been able to sell consid-
cradle old wheat Of late. and there have
also been some sales OF the new crop
during tn" last ten days. II Is be-
ie"ed in Chicago wheat circles that
the old crop ut the Gulf will he taken
care of. but that concessions will
have to he made by the holders OF
that grain there.
Sensational price losses have been
seen IN wheat. not only at Chicago
durin" the past ten days, hut also at
Liverpool. where price breaks were
continuous and At times sharp. The
losses in the cargo market there on
Saturday amounted to { I'D to 9d. and
because Of the close proximity of the
new crop harvest buyers in the United
NihedoHi and IN Continental markets,
are taking hold cautiously.
Germany IS reported to he in "a po-
s'tton 10 harvest Goodly crop OF
in F.
outcome of their crop that they have
reduced the price OF bread. This re-
duction. according to n Rroomhall
cable from Liverpool. was commenced
on June /. In the other grain-Erow-
ing countries of the Old World tho
demand for brcadstuns has fallen on
materially. and this fact will prove q
drawback TO the matter of prices from
This time forward
Speculation in wheat at Chicago has
been on moderate scale the past fort
night. with great deal of the bust
ness "n purely speculative account and
InHin!N between local traders.
Those who have been on the bull
sldc OF corn--n3ny of whom have
lipuidated their lines at losses-now
i"cl there Will he further reccssions
with The improved weather They also
feel that the country will sell corn
more freely. as foreigners arc refusing
TO take hold Of this grain unless price
rrcaSsionS are granted There are still
large stocks OF corn at Chicago. as we'll
as In IN" visible supply. and these must
he reduced before any advance from
me present levels can be expected
1t is saiG that u great deal of tho
OATS hcld At Chicago have been sold
TO z" out Of this market to the cast
ana this claim has steadind values no
little during the past week Specu-
latI"n has been fairly active, and the
export takincs have been large with
a good demand from eastern shippcrs
also.
'h'HihI interests gave the provision
market support when needed during
mo last week. Fog receipts were lib.
'F'l. ana prices at the Yards were
somewhat lower, but the market in nj,
ruled quite stubborn. The cash do
hand Tor meats was fairly active, while
lard ruled rather uuict