The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1915-05-10
BULLS SUFFERBY
LUSITAN|A'
Danger to Cargoes Due to
Force Down Breadst4fs
Cargoes.
IMPORTERS TO PROTECT
Action of Germany Against Allied
Ships Expected to Scare Of
Timid Spectators.
IMPORTERS TO PROTECT

Chicago. May a-Importing countries
will from this time forward protect the
grain on the ocean owned by them. There
have been no cancellations of shipments
at Chicago.
One of the most important bear helps
against the price of all breadstuffs for
the moment on this side of the Atlantic
is the torpedoing OF the Lusitania by
Germany. This incident shows that ves-
sells flying the English flag or the flag of
any of its allied nations will meet with
some trouble in crossing the ocean and
passing through the war zone
Shipments of breadstuffs from the
United States for some time past have
been liberal and during last week they
were 6.s17.0Oo bushels compared with 2.776,-
900 bushels for the corresponding period
of year ago. And since July l. last the
expectations from North America were
3i9. 10000 bushels compared with 21s,Sl3.-
900 bushels for like period of a year
ago. These big exports have been of great
service to the growers Of grain in the
tnited States and Canada. and they have
also been of great service to the business
Generally speaking of North America.
10 tlliN n amount OF wheat
left in the United States that might DOS
sibly be shipped abroad, as the raw ma
terial available in this country for ex-
port is not over 30.00o0 600 bushels and with
flour included as wheat the total is not
over 100000 to Is. D0O.0U bushels.
May Scare on Timid.
will drive out some of the more timid
ST,ecIIlafprS from ub
who have been in the ma ket on a fairly
large scale of late
II case foreigners are a BILE to take any
OF the breadstuffs across the waters OF
want to take the risk. shipments will be
made. as n great deal of the grain has
been sold and foreigners are in the gap
and in position where they will be
forced to assume all war risks
II has been impossible for some time
past TO secure enough wheat to meet the
demands existing and it has also been
impossible to secure round lots of -four
because of the scarcity of wheat, coupled
with the unsettled conditions surround
ing that market. The fact that tn. West
ern receipts of this grain have been quite
large during several weeks past has been
a bearish factor. coupled with the most
excellent crop outlook and the bearish
government report.
TORN Market Will Suner.
The corn market is likely to suffer with
the other grains because of the inability
OF grain men to make shipments abroad
for the time being. Stocks of corn here
are large and stocks are liberal in the
visible supply. In addition to these stocks
there are large supplies held on the farms
of the great corn belt of the United
States.
The oats market is likely to pivot on
the price changes in corn and wheat.
Large quantities of that grain are now
held here that We're sold some time ago
10 so abroad. and il rests with the for
eignerS whether they will be able to get
this grain out of the United States or not.
Conditions surrounding the provision
market are more bearish than bullish.
Stocks of manufactured hog products her 9
and in the West are large, the cash de-
mand for meats is not up to the wishes
of the packers and the lard market -
slow and draggy.