The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1917-11-03

broomhalrs Liverpool Corn Trade
News OF October 2 recalls that "the
near approach of the Argentine har-
vest season reminds us thai: the sun
nsstsphorically. speaking. never sets m
the corn nslds- which supply >tsrea
britain with her breadstufrs." After
noting the concluding stages of the
hArveAN In England ami Canada. our
contemporary says. I'm few weeks
we shall be discussing the Australian
and shortly afterwards the New zea
{. land. and subsequently, the Indian
hArvcst prospects. Crop prospects In
the Argentine are excellent. and It is
anticipated II present conditions are
maintained there will be a record yield
OF wheat and oats. The sxportable
surplus Of wheat may very likely ex-
ceed 100000 tons (1s.ooo. 200 quar-
tsrs). This would indeed TO a well
come addition to the food supply of
the Allies. and one 10 left wondering
what effect such q surplus of grain
for export will have upon the inter-
national grain market next January.
or even sooner. Storage acc ommoda-
ton In the Argentine IN quite insuf-
ncient to take proper care ef abund-
ant cereal crops. II. next december,
there should be safely harvss TO-
100000 tons OF wheat. oats and lin
Sod. of which 100000 tons will
have to seek a market abroad, VIC
may bgsurs the markets CT Buenos
Aires and Rosario will be In serious
r congested state. It il true that
harvest has not yet commenced even
In the earliest districts. nor are the
crops absolutely assured. but they are
In many districts so far advanced tina
we may now reasonably hope that tn
coming harvest will be bumper one.
In the earlier districts wheslt cutting
should commence In six we,ks time.
and the harvest should be finished be-
fore tho end OF December.
"A reputable Canadian authority
reckons the exportable surplus OF the
Dominion at sso.ooo.ooo bushels. or
1850. 900 qquarters. II thia estimate
be fulnlied. Il will mean that North
American surplus available for the
Allies needs this season will amount
TO about $4,000. 900 quarters In ad-
clifton to this. there arc 10000. 900 to
2o.ooo.o00 quarters which Australia
viii be desirous of shipping durins
the ensuing twelve months. while In
dia has still n considerable quantity
OF old wheat to export. and before tn,
current British cereal year Is finished
win have the surplus of another har.
vest available for the use NJ the Al
lies. Thus we have 10000, 900 quar-
tiers OF wheat absolutely assured with
out counting the prospective surpiu,
In Argentina. The requirements O
the ALLIES and the friendly neutral
cannot be placed higher than $4,000.
f~.~sN~sSs NJ OhN occN tiAtt tuc W
tai requirements are more than pro
vided for without allowing q marke
FOR any portion Of the Argentine sur
plus These are abnormal times. an
one does not like to prophcsy wha
the effect OF these conditions In Blu
neos Aires will be. but we do kno,
that In former normal sc,lsons tn
effect OF a large exportable surplus 4
the River Plate has frequently bee
n price debacle. In addition to tn
direct influence Of the large prospec
tive wheat surplus. some allowanc
ought certainly to be made for the In
direct effect OF the enormous surplu
OF oats and maize In the Unite
States"