Deseret Evening News | 1907-05-15 | Page 7 | European Wheat Situation Precarious

EUROPEAN WHEAT SITUATION PRECARIOUS II 14 The European wheat what situation according tu to tho the generally accepted view luu here renol 1 resolves s Itself Into Inlo of ot supply und nut demand It In 18 explained I that It Il I Is not hot speculation which haw bait brought about the iii It huts hat been ly I Influenced by b buying tot for foreign de demand mand hall bait been eun purchasing Australian and ArgentIne cai ons for fol nearl lx Ix weeks the till of stocks In that Iliac country being canned to 11 Home extent by h l selling quantities of rye fe and wheat to AH as last lawt years crop 1101 suffered Germany therefore must now get Fet about quarters more mulls be he 1 Jan 35 15 arid and time the end of July tIlls year ear than she sue did 1310 during the lit lh period lust lIst year yoal This fact IH Is regarded here lucre us as mainly Instrumental In causing the squeeze because HI Rivet vet shipments are required by the Ih United Kingdom anti and the thu Mediterranean Med II I especially Italy Ita It Is IB also Ilso that enable damage hao hilA been hewn done dOl to III t time the th winter crops In III Germany Hungary and 1111 alIt along tile Danube ex ox extending X tending to 10 about j 40 4 per 1101 Ile cent COlli One On Hul earlan report says that thuat t In places It IL Is about SO per cent From nil all 1 U Ill lit France the th advices are unfavorable The fhe mill millers ers ell have hao boen keeping down stocka to the Ih lowest point J JH living hivIng from expecting a 11 drop In ill Prices Cold weather helps the tle advance In Iii 11 tho time past liast generally Atm hn there thele has been a i shortage of ur wheat In thu th west there has haO neon beOn plenty In ill the CaM cadt anti and alit vice Ice versa elm but ut this year ur both are arc bad and naturally the tho price goes u A dispatch received here her from Mel bourne Victoria lct Il this thin evening that hilt the wheat market there strong and that prices hInds had hud advanced 6 C cents e