Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-04
BREADSTUFF SUPPLIES
ARE SHORT IN EUROPE
Every Argument In Wheat Market "a
VorH Side OF Bulls-Speculstors
Cnn Sec Far Ahead
Especial to The Timcs-Dirnatoh1

Especial to The Timcs-Dispatch.l
CHICAGO, January 3.--According to
reports received from nearly every
country across tho water. brcadstufr
supplies arc short. and 1t behooves those
nations to secure available wheat and
hour. as we'll rs oats and corn. no
matter what tho price may be These
arc the actual conditions now to be
seen. The average Spectator never
was placed in a position where he was
enabled TO see ahead for at least q few
months as at the present time. II Is
only necessary to look backward q few
months to see the certainty on tho
pun side OF grain. The average pro-
Queer of wheat in Kansas as we'll az
the other States Of the Union, has been
quick to see that 1t was suicidal to
dispose Of the surplus now hold on
the farms, as IT will BIO only a matter
OF Time until the buying pressure will
naturally force values to higher limits.
IL Is only question OF short time
until buyers and sellers will strike a
price which Is sure to favor tho seller.
~ mas been expected all along that
Argentina would have considerable
wheat to ship to importing countries.
and Italy has bought large ouanti,
ties from the Southern Hemispher.
whether this grain will be moved out
OF mat country and into Italy in tn.
near future Ia problem. Tonnage Ia
snort In Argentina, although Il IL said
.nut some or the nations have released
vessels which were formerly used for
transporting troops. and that theso
vessels Will go to Argentina to take
grain to the countries which have pur
chased.
INC weather in Argentina is unfa-
voraoie for handling grain, as II /.
any IN nearly all sections there The
oHa , ape surplus is placed at 10000
600 bushels
condition to attract tho attention
OF the wheat speculator was tho faliinS
on IN tho crop prospects of Oklahoma.
according to report issued Nv 81.
agricultural board OF that state the
wheat promise Is 81, against ~
month ago, and 1913 a year ago
great help to tho corn market IN.
oeen the action OF tho Canadian rail-
"ays IN reducing the rate on this grain
cents between Minneapolis and nil
points In Western Canada. Thi. will
permit feeders in Western Canada 70
nave liberal supplies of that grain for
FEEDING purposes
corn has been piling up In the Unitsd
States. and II IL now behaved tbst ~.
action or the Canadian roads will per
mt nj least partial cleaning up or
supplies. II is also expected that the
western corn will sell largely to CT
portcrs. as goodly orders are now held
mere at limited prices for the yellow
cereal
The open interest in corn at Chicago
AT the present time Is comparatiyeiy
small.
Many OF the old-tme bulls have
switched to tho benr side. and they
are unlikely to roinHtate their linz,
untn the buying OF futures become.
frccr.
There is q better demand for DATA nm
export account. and the price of that
grain Will more than likely hold up
around tho present level IL II dozen NOT
advance.
Inc lara market Ia the strongest
spot Of the provision list. and that
commodity Is being taken by some of
the best Judges in this country. Stocks
are being reduced. and there is an i'm
proved export demand. Meats have
ruled quiet.