The sun., 1918-10-03
WHEAT MAY ATTAIN
RECORD IN QUALITY
Small Amount of Unmerchant-
able Grain Anticipated
This Season.
CORN NATURES NICELY
Winter Wheat Production Elk.
pected to Reach $685.
100000 Bushels.

there is a basis for increased optimism.
1t is noteworthy that the wheat crop
will probably be a record as to quality.
even though the number of bushels pro-
duced will not establish q record. It 10
also highly satisfactory to note that
the corn crop has matured nicely and
whatever concern was felt in midsum-
mer over the extensive drought damage
can be dispelled. The corn production
this season win be far under that Of last
year, but here, also. the quality must
be considered. and the net result In not
dspleasing.
The Government report to be issued on
October 8 will probably approximate
very closely the figures Just published
by crop expert b. w. Snow. His esti-
mate is for a winter wheat production
OF 5s2,0o0,000 bushels, comparing with
$4,000. 900 bushels officially estimated
in August 41s.oo0.0oo last season and a
record OF 674.000.o00 in 1915. The indi-
Gated spring wheat crop, according to
Mr.. Snow. is 3e2 ,00o.000 bushels, COM
pared with $4,000, 900. the ofiicial Sep
TENDER promise. 233.ooo.ooo last year
and tho previous official record Of $751;
10000 in 1915.
ter and spring wheat produced in 1915
there was . vast amount OF low grade
winter wheat much Of which was un-
merchantable. OF the $4,000, 900 BUSH
els Of wheat anticipated this year, q
very small percentage will be Of unmer-
charitable quality. II In now figured that
North America will have nearly $780,
100000 bushels available for export this
season, or plenty for Allies and neutrals
In Europe.
The corn crop Ia figured at slightly bet
ter than the September promise and the
final showing may exceed 2.700. zoo, 900
bushels, against 100000 promised
IN September and 3,15s.oo0.0oo. the rec
ord. In 1917, when hundreds Of millions
Of bushels were damaged by unfavorable
weather conditions and poor handling OF
the crop. SO that the years outturn will
probably contain more than 100000. 0e0
bushels more sound corn than last years
enormous crop had.
The oats production will probably be
placed at over 1885 00, 900 bushels, or
not much below last years prodigious
crop OK 100000 bushels. The oats
crop last month promised 1,477,000, 900
bushels.
CHICAGO, Oct 2.-Bearish crop esti-
mates together with important fresh
military successes by the Entente Allies
led to pronounced weakness at times to-
day in the corn market The close was
unsettled, NC to 1Ac net lower, with
November 1895 to 129% and December
127% to 1914. Oats finished 1 sc of to
N@Ac advance. and provisions down
zlsc to II.
At first the corn market gave signs
that in the absence Of specific new de-
velopnents in regard to peace the urgent
liquidation which had been under way
OF late was at an end. This prospect was
afterward dispelled. however, by a sell
ing wave that had its origin in a state
ment by, a leading authority pointing to
total crop of 2,700.000.000 bushels.
whereas the latest Government figures
were only 2.672.000,oo0 bushels Senti-
ment in favor of lower prices was fur
Their increased by the character of the
war advices. but on the ensuing declines
resting orders 20 buy were uncovered.
and with profit taking on the part OF
shorts the market after midday showed
considerable power to rally.
Oats paralleled the action Of corn Es-
Inmates were current that the 1918 oats
crop would be the second largest on
record
WHEAT-The fact that the price OF
wheat has been hxed on the basis of S2.2s
also for next years crop. Is expected to
bring about complications in the event OF
shrly peace In Europe ana consequent
readJustment OF values in the other mar
kets to peace conditions The news OF the
last week has been of a most encouraging
nature from abroad. and under Its innu-
ence the corn market has broken nearly
zoe. bushel There are evidences on
every hand that the trade believes that
peace Is practically in sight. and factors
IN the different commodity markets. which
have lain dormant throughout the war
are beginning to assert themselves az fea-
lures which will have to be taken into
consideration. Apparently the former be-
Heves. under existing circumstances, wheat
VIII prove the most profitable crop. and
every available acre Is being planted to
winter wheat. while preparations are being
made for an extended area to be planted
next spring in the Northwest.
CORN-Market again very feverish. with
the undertone weak. There was consider
able buying at times on the theory that
the market was oversolc and consequently
in hrmer technical position. In the
local cash market No. yellow corn was
quoted at sl.s7A: No 3 yellow, S1.5sk,
cost and freight New York.
OATs-Local cash market was easy;
standard quoted at stqs4hc.: No. 2 white,
HTsiL1c. No. white, sSdstc.; No.
white, SEA ds3Hc; ordinary clipped white.
bla a nc, az elevator.
RYE-Market steady; No. Western,
" - elevator export.
BARLEY-MaYhs quiet; feeding. 8.l2;
mailing. '.75. cost and freight New York.
NJ a IN.