The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-07-02
RAINS OVER GRAIN
BELTS HELPS CROPS
T.. S. Report July 0 Expected to
4 Show Winter Wheat Yield of
6OO.OOO,OOO Bushels.

Rains ot incalculable benent have
overspread the grain belts since Satur-
day morning Scarcely an important
section. from the Canadian Northwest
southwark to Oklahoma and eastward
through the Ohio Valley States. has es-
capped light to heavy precipitation. The
effect of the rainfall will hardly be noted
in the Government grain crop report to
he issued Juiy 2. but II is well under
q stood that spring wheat. corn. oats and
some OF the minor crops will be helped
materially by these rains.
II will be recalled that crop experts
reported oats materially damaged in
Kansas, Oklahoma, Missouri and Ne
braska, also that rains were needed for
the corn crop in various of the large
producing States. 1t Is fair to assume
that the moisture that has come will not
q only check deterioration in oats but Will
lead to revived growth OF the plant In
some districts. and In the case OF corn
and spring wheat the rains have appar-
emily fallen before much crop loss oc-
cured.
Spring wheat will be aided to a great
DEGREE. There were substantial losses in
parts OF Montana. North Dakota and
. Pacific coast States from the drought
and heat but the area has been limited
to comparatively narrow bounds because
Of the moisture that fell over the week
end In the Canadian Northwest wheat
and oats are also certain to show inn
provement as a result of the beneficial
rains.
The outlook favors a Government esti-
mate on July OF winter wheat of close
TO 900, 900, 900 bushels. comparing with
$1,000. 900 estimated in June and 4ls.-
900, 900 bushels last season. The spring
wheat crop will probably show close to
the June promise Of 344 10000 bushels,
against only $4,000, 900 last season The
first corn estimate OF the season will be
given. and while a critical period is just
ahead the crop Is believed to have
rood chance for more than 3.100.O0O.00O
bushels. compared with 3.l6o,00O.0OO
bushels last season and an average crop
Of around 2.s0O,o0O.0O 900 bushels. The
oats crop will probably show around
.45G, 5000 bushels, compared with an
enormous production OF 1.5s7,000,000
bushels last season.
De- CHICAGO, July 1.-Bearish crop reports
and favorable weather had a weakening
influence to-day on the corn market
Prices closed unsettled. 4 TO nsc. net
lower. with July sl.47'a d1.47Ss and
September s1.5l&. Oats lost y to lc.
In provisions the outcome varied from
An estimate by a leading authority
that the condition OF the whole corn crop
was S54 per cent. against Sill "A year
ago did much to handicap the bulls in
the last half OF the day, Besides highly
beneficial rains were reported in many
sections, especially parts of Kansas and
Nebraska. Heavy receipts here tended
also to depress prices. During the first
half of the session. though, values aver
;-h~
OF stocks available for July delivery. and
as a result Of assertions that from now
on the enlargement of wheat shipments
would curtail the rural movement of
corn.
Oats were under more uniform selling
pressure than corn was The chief bear
+ nah factor aside from the ideal weather
was the lack Of export inquiry.
WHDAT-The new crop season In whea.
far comparatively little new wheat ha s
found its way to market. The new align
n,snt Of prices as announced by the Food
Administration makes the basic price of
price of $40. while New York is now
sss tn. sa pace of 81 IT ssn:ssS
more latitude in the handling OF tho new
there seems to be little prospect of any
material increase in export business and
the trade here Is not yet entirely satisfied
that tho margin of profits will prove suf-
nctently attractive 10 induce the reestab-
p iishment of executive offices. The crop
outlook continues favorable.
CORS-Market started firm owing TO re
ports of light frost in N-brask Saturday
night which resulted In more or less GOV
efing during the early operations. Subse
quently. however. there was a decline of
about cents hushel under liQulda ton
on the part Of recent buyers, and Will e
toward the close the market recovered
about half the loss final quotations were
about y TO ,sc. lower. In the local cash
market prices were easier fresh shelled
No. yellow quoted at II .sss. No 3 vel
low, Sl.s3%, C. {. New York.
OATS-In tho local cash market stand
ard was quoted at sshc. No white
ssnc.: No, white, $50; No white,
s7hc.; fancy clipped white. So to sec or.
binary clipped white. IS to sac, ali ele-
vator
RYE-Market weak No : Western, 81 !,
C. Z. New York
BARLEY-Market dun; feeding, 81 30 tn
l.2S. mating. N.?s TO $3.50. c, (. New
HAH-Market quiet: No. !. $40; No q
t.20 to S.so: No. 8. 81 to 81 10, shipping
L 50 to so cents.
CHICAGO PRICES.