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Show THE RISE IN GRAIN. An Upward Tendency in Wheat - Itased Upon the ervo-Bul-garian War. New York, Novembe7l9.-The rise in the erain market has been due to the rumors of war which were so plentifully cabled over from Europe. Few of our grain speculators seem to be aware of the fact that the countries coun-tries which have adopted this bemgerent attitude never use our wheat, and that their warlike preparations can in no way affect our market for cereal For . this reason, if for no other, the advance in the Pe wheat was utterly warrantable, lhat the visible supply of wheat is ,.chSfrJy it was at the same period last year should not encourage any thought of higher ...--v.."L"" values in the near future, and particularly as the export demand has so greatly decreased. Exporters continue to ignore American i wheat and India and Australia are shipping freely at about the prices of last year. Although Al-though within the past week the bulls have tried to start an advance by spreading reports re-ports of declining shipments from the farmers' hands, the enormous receipts at Minneapolis and Duluth counteracted these reports, and it is verv probable that the farmers will now become free shippers of . wheat to market, having completed com-pleted their - plowing. ; Stocks of wheat - at the West have been declining, while those at the East are correspondingly enlarged. The elevators at Buffalo are crowded to their . utmost capacity. . The weekly reports of the visible supply.f orm the real foundation of speculation in wheat and corn, for, while the reports of the-gen-eral outlook of the crop are distributed, the Australian and Indian crops will be ready for shipment, and upon their quantity and quality will our export demand depend. But in the manner of making up these visible visi-ble supply reports there could be a great deal of improvement. For instance, in the corn report of the Now York Produce Exchange Ex-change last week there was an error discovered discov-ered after it was printed of 1,COO,000 bushels, which changed an apparent increase to a decrease. Bef erring to, this, BradstrteVs says: "It is difficult to conceive of any read ier method to bring these weekly visible supply statements into thorough disrepute than the divergence of methods in preparing them and in the results obtained, baoked up by occasional errors of 1.000,030 bushels and the necessity of issuing a weekly explanatory bulletin, as has been done of late." |