Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1915-08-13
BROOMIIALL'S FIGURES

in the wheat market to record during
the past week, says Broomhall's. The
market is developing as expected
along the lines indicated as likely
in recent reviews. The supply of
wheat Immediately available is plen-
tiful, the port OF Liverpool alone
holding a stock equal to the whole OF
the United States visible supply (of-
fetal count, which, OF course, is in
dicatiye OF more than one fact, for
though the quantity is large one to
be held by u single port OF the Unit
ed Kingdom at this season, still it IS
very small one as representative of
the visible supply OF the United
States. Other ports in the United
Kingdom are also we'll provided at
the present time, and there are addi-
tional liberal quantities due to arrive
during the ensuing five or six weeks,
SO that the near future seems well
assured, especially as the cons mp
~ . uCl4llAlN 10 NAtoa T. y OlllbltIHl1 SIldlI.
1t is only when one looks ahead to
the probable position of suppl and
demand in September that
present prices seem justifiable. By
that time We shall have behind rs a
succession OF small weekly shipments
and be in the presence of smaller
port stocks and face to face with a
lar livelier consumptiye demand than
that Of which we have had so long an
experience. There is no doubt but
that miIlers, bakers and householders
have been using up the supply they
bought as a reserve during the ex-
element OF last spring, which has
caused very duh trade for many
weeks, and the chances are in favor
Of there being a very good demand
both of a consumptiye aud a specu-
latiye character, next autumn.
The reasons why we think the ship
ments OF the next month or two will
be small are not far to seek. Argen-
tina is at the end Of her season, and
India has already passed the period
Of her season when big quantities are
likely to be shipped, though it is pos
sibIe that she may continue for many
months to supply fair weekly exports
J OF, say, 1000 to $50 900 Quarters,
| but such quantities will not go far to-
ward making up an adequate total.
The worlds weekly requirements OF
| imported wheat next season will
probably amount to 100000
| quarters per week SO that there will
be a very big void to be filled by the
| other exporting countries, after fully
allowing for anything India and A.
gentina are likely to ship. Minor eX-
| porters, such as Algeria, Tunis, Egypt
and North Russia may contribute an
average weekly shipment OF $4,000
quarters, leaving fully 100000
quarters per week to be supplied by
| the other exporters. For several
weeks to come there is practically no
shipper capable OF filling the void. If
the elements during the past eight
weeks had been more propit:ous in
| the winter wheat states of America,
We should have known where to have
! looked for the desired quantity, but
seeing that the weather there has
/ been almost continuously wet and I'M
| seasonable ever since the commence
ment of harvest in Texas eight weeks
ago, and that the movement of the
crop has not even yet begun in earn
! est (the receipts OF winter wheat this
season in the states have amounted
ID only 100000 bushels, compared
with l7,4O0,000 bushels i'll the CORE
/ spending Is days of last season., we
can not rely upon getting any great
! quantity of wheat from North Amer
lea to Europe until after a spell of
dry weather, which would allow of
the threshing and movement of the
new crop and the satisfaction, first of
all, of the local demand in the states.
With such small reserves of old
wheat, as before mentioned, and so
many holes to be filled up, not only
in the winter wheat states but like
wise in the spring wheat states, for
in the latter new wheat will not be
available until September, there is a
great likelihood of the export move
ment being belated and of relatively
small dimensions.
For the foregoing reasons we think
the shipments OF the next month OIL
two will be small and far below the
average weekly requiem ents of the
season, but there are still good re-
serves in the United Kingdom and a
fair-sized supply still on passage
tthOugh il has decreased sbarplv