AMERICAN WHEAT REPORTS.

Press, Volume LII, Issue 9024, 9 February 1895, Page 6

AMERICAN WHEAT REPORTS.

Messrs Clapp and Co., of Now York, reporting on January 3rd, say—Transfers of wheat in Chicago from official to unofficial supplies will prevent increase in ihe maximum visible pt December 24tb, 1894, and m»y create hull sentiment. Primary receipts appear falling off about ia proper* tion to export clearances. Country millers in the wiuter wheat belt continue reporting a large amount of winter wheat fed to live stock, and inability to secure ample supplies to keep their mills running. Private elevators in Chicago and the North-Weat probably never held no much wheat as at the present

time. Inviatblft enpplies appear below recent averages at this season, and possibly no larger than March lat. The North-West appears closely drained by millers, their markets are practically the highest in North America, freights considered. Manitoba prices prevent shipments. The Argentine wheat crop has been and is being damaged by rains. Australia is in the midst of the harvest. The .French Bulletin dcs Holies claims tbe last crop is 10 to 12 per cent, loss than estimates, mainly because the qaality was poorer. Their live stock feeding is greater. Their stocks of wheat at importing cities is low, and Great Britain's supplies ore smalL Their markets continue jtroDger than tnoat others. English offerings of home grown • wheat small. Ocean freights are dull. Great Britain is liable to lead an advance in tho world's. market, and become £n aggressive buyer. We believe the foreigtt demand the coming 60 days will likely control values, aud crop prospects later on govern the world's markets. ,, ' ' " AnotVier-report dated New York, January stb, 1895, says :•—The wheat market for futures has been dull, surprisingly narrow, ; and on tho whole disappointing to the general crowd. Instead of buoyancy and animation the trading was devoid of spirit aud the feeling weaker at times, although there was a sligbt,upturn early in tho weoe, under covering by eborto, stimulated largely by tbe reduction of 560:000 bushels in the visible supply, which-was caused chiefly by tho destruction by fire of a large elevator in Toledo containing 600,000 Tiushele j wheat. Then . the , quantity' on pas. ieago to - Europe diminished 32,000 : bushels, despite the larger euipmente front India. The doorcase was due chiefly to*

liberal importe] into the U.K. hat week tho total of whcab and .flour beiuff 3,421,000 buehela versus 3,471,500 buaJiela tho provious week. Farmers' deliveries were small, howevor, ana hence .tho total receipts from all sources were 641800 buahcla below regular weekly rotmiremeata. The failure of the market to "improve as generally expected after the turn of the year, has created moro or less disappointment, especially in view of the more active export demand and the marked falhug off in the receipts of spring at prinury points leading to the anticipation of a good reduc* tion in the next visible supply etatement Local stocks decreased 401,703 bashela cm bracing 300 193 bushola No. 2 red, lowering tho total to 7,224,683 bushels verane 11,132,389 bushels last year, but No hard gained 88,201 bushelo, making a tcta of 261,051 bushels, against 58,476 bushel last year. '