The Barre daily times. (Barre, Vt.) 1897-1959, 1911-11-06
On Account of Big Shortage in
Argentine
UNUSUAL EXPORT DEMAND
Price Might Normally Go to Eighty
Cents-Then Manipulators Might
Take Advantage Of Situation
to Garry 1t to a Dollar.

Washington, Nov. 6.-"Doliar corn
appears TO be possibility before spring,
according to the figuring Of the statis-
ticians of the department of agricul-
ture.
The United States, although the great
est compromising nation on earth, has
never figured heavily as corn export
er. OF the three billion bushel crop
Of 1910 we exported only 63,00o,o0o
bushels tabout "a per cent? during the
fiscal year ended June 30 last. The fs-
cal year l9O9-lO furnished but $4,000
900 for expectation out of crop of
2,T72.0oo,O00 bushels grown in 1909.
Thus the United States has been ex-
porting only little more than 2 per
cent. Of her corn crop.
But this year it is different. In the
first place the worlds corn supply has
suffered serious defamation through the
failure of Argentina TO grow enough
corn for her own consumption and for
seeding purposes, thereby removing from
the worlds visible supply more than
$50. 100000 bushels. The Argentina crop
Of 1917 Is less than 27,000,000 bushels,
whereas in 1910 she raised l75,000,000,
Of which She exported more than l05,-
100000 bushels to Europe and in 1909
she raised l77000000 bushels and sent
more than S9,000.000 to foreign parts.
Argentina is therefore short Of her own
local needs nearly 45,000,000 bushels, and
she would be corn importer We're It
not for her tremendous protective tar
iif.
The department was appraised this
week of movement among the farmers
of Argentina for a temporary remission
of the import on corn because OF their
need OF it for seeding purposes.
The only other nations producing
corn in quantities Of commercial moment
are those of southern Europe, the prin-
ciple one being Hungary, with Spain,
Portugal, italy, the Balkan states, Tur.
KEY and Bessarsbia tSouth Russia) fig
uring to n lesser extent. The crop Of
western Europe, including Hungary, is
a partial failure this year. Bessarabia
and the Balkan states, particularly Rou-
mania, have done rather well. Hungary
has becomes an importer from Roumania
this year to the extent Of more than
100000 bushels, according to the
Moniteur Commercial Roumain, the Off
cial organ OF the Roumanian ministry
of industry and commerce; ltaly's re-
quirements will take up the remainder
of Roumania's surplus,
This years corn crop in the United
States, according to the latest estimates
Of the department of agriculture, will
total up 2,769 .4S2, 900 bushels, about
356,000,000 bushels short Of last years
crop, but only few million bushels
short of the 1909 crop, which has here
tofore been considered fine one. But
neither in 1910 nor in 1909 did the
United States have to face the necessity
OF supplying the shortage created by
Argentina's failure. Anu in neither Of
these years were the root crops of
northern Europe such failures. In Eu-
rope particularly in Germany, France,
Austria, Bohemia, Hungary and Den
mark the root crops furnish the prin-
cipal cattle feeds. This year the guam
tity of roots, potatoes and beets is far
short of the demand, and this short
age can find its supply only in two
directions -curtailment of the demand
by slaughtering the cattle for market
or importing corn from the United
States
The department of agriculture will not
attempt to guess what this demand will
amount to, nor how far Europe will
meet it, but it is expected that the
demand will come and come quickly for
the expectation of vast quantities of
American grown corn for European con-
sumption -and that out Of short crop.
Eighty-cent corn is probable. This
may prove to be the limit, for that price
would be too high to justify feeding
corn to cattle abroad; but the depart
ment realizes that with the probability
of an advance in price will come the
probability of manipulation, with com
sequent wild speculation, and then per
haps dollar corn"