The Washington herald., 1915-04-19
PATTON SEES
BUMPER CROP
Billion Bushels of Wheat the
Years Yield, Is His
Prediction.
u. S. FIGURES TOO SMALL
End of Season Will Find Little Grain
Left Over-Insects Said to Have
Caused Damage.
u. S. FIGURES TOO SMALL
by JOSEPH F. PRITCHARD.

Chicago, April 1S.-James A. Patten.
today on present and prospective condi-
lions surrounding the wheat market.
Under favorable conditions" said Mr..
Patten, ''the United States will raise
1000 600. 900 bushels of wheat 1t is un-
necessary to adhere strictly TO the gov
eminent report on acreage seeded to WIN
ter wheat in the United States to fore
cast another bumper wheat crop, as it
will be found smaller than the real facts
will show at the close of the season.
From the adviccs received the crop
has wintered well and the promise is now
most excellent. According to private re-
ports there will be a great many advices
received of damage to winter wheat from
insects 3. w. Snow, whom | consider
the best authority in the world on crop
prospects. says 1t will take particularly
Hnfavorable weather for insect develop
ment to prevent more or less damage.
English in Buying.
English grain merchants have bought
considerable May wheat at Chicago, and
they are also believed to be long good
lines of July. as well as considerable
September. No one in the trade is abso-
lutely certain as to the English holdings
try having found that it is almost i'm
possible to secure enough wheat to fede
their soldiers and citizens during the old
crop months have gone into the new crop
and it is believed that they will stand
on their lines and demand delivery of
the new wheat
Those who are best posted on the
old crop situation. advance the opinion
there will be very little wheat left over
x,ba he 10 at TO-
ures as issued by the Daily Trade Bulle
tin. and which are accepted by the grain
world as correct. show that supplies will
be small when the season is ended. The
publication allows that the 100000 bush
els for consumption IS 900 bushels for
seeding during the harvest years and 26S,-
0o0.C00 bushels exported to date. making
SS6, coo 900 bushels which allows for export
during the current ttree months and for
supplies on hand July !, 1915, of about
81 10000 bushels
War News the Pivot.
The wheat market will continue to
pivot on The news from abroad. coupled
with the export takings of that grain in
all positions. as well as the fact as TO
whether farmers and country elevator
owners will allow the grain to slip
Through their fingers or hold it for high
or prices. II is surprising 10 many
in the trade because of the strength
OF corn in the face Of the large supplies
held not only in Chicago. but in the
visible supply and the fact that there is
only moderate demand for the cash
article
There has hen some export business
In corn. but this has not been as large
as looked for. although there are many
who believe that conditions point to
6n improved demand from exporters.
In oats the situation is hardly as strong
ms il was ten DAYS ago. as the export
buying power has shown a wonderful let
up and the offerings by the country arc
as liberal as a month ago.
The provision market continues Ia ad
vance and decline on the offerings of
hogs by the country. well as the
demand for the manufactured products.
1t is now said that large orders have
been filed for shipment abroad and that
there will be a reduction in the manu-
featured stocks held in consequence here.