The sun., 1918-09-04
INCREASED WHEAT
ACREAGE EXPECTED
Farmers VIII Accept Presi.
dents Assurance Of Fair
Price for 1919 Crop.
RAINS AID TO PLOUGHING
Preparations for Autumn Sow
ing Being Conducted With
Unprecedented Vigor.

The proclamation issued by President
Wilson guaranteeing a continuation OF
the prevailing prices for wheat for the
1919 season, with the added assur-
anee that higher prices will be granted
to farmers X, after a special investiga-
tion next spring II becomes evident that
higher production costs warrant grow
ers greater compensation, is expected
TO further encourage planting OF grain
this season Early reports from winter
wheat districts are more optimistic than
ever before, and II is believed the Gov
ernments request for an area increase
OF more than ten per cent to a basis
OF 46.000,000 acres OF winter wheat, will
be compiled with. A substantial gain
In the spring wheat area from last
seasons record of more than 100000
acres Is also to be expected
IL Ii noteworthy that weather condi-
tions the past few days have been ideal
over the entire winter and spring wheat
belt for the advance OF fall blowing.
Virtually all winter wheat sections have
received drenching and the ground
Will be in excellent condition for fall
work Private reports are at hand in
dicating that blowing operations are be-
ing conducted with unprecedented vigor,
and the shortage OF labor Is being Offset
to a vital degree by the widespread use
OF improved machinery. greater system
In the farm tasks. and cooperation Of
the urban population with the farmers.
one or the important phases of the
Presidents proclamation retaining the
$2.2O wheat price for 1918 is its rela-
ton to the political situation. The
grain trade has insisted there were
large amounts OF wheat in Australia,
Argentina and India that would be
liberated with peace In Europe, and
greater tonnage facilities. SO that it
might be difficult to keep up the price
or wheat In America. This latest guar
antee to the wheat market, however
gives them nothing to fear in the event
OF peace, and the influence Of the high
wheat price will naturally extend TO
other grains. II peace should come
there would be big SURPRISES of grain
In this country and with the Govern
ment virtually in control because OF its
wheat price guarantee. It Is not likely
that real peace move would have the
same depression effect on grain prices
as might be noted IL there were no such
stabilization.
CHICAGO, Sept. 3.-Killing frost in
North Dakota together with bullish crop
estimates did a good deal TO-DAY to M
the value Of corn. Prices closed strong
a to 1!sc net higher. with September
$l.5b to LOSS. and October Sl.57h to
LII y. Oats gained !. to SC, and pro-
visions 2 TO 10 cents
Advances in the corn market BEGAN
as soon as trading opened, but favor
able war ne'vs and big receipts soon led
to a setback. Bullish sentiment. how
ever, which had been engendered by the
frost news was later reinforced by re-
ports that the present conditioned the
crop indicated a yield OF 10000. 900
bushels less than the Government
August returns had pointed to. The fact
that minimum price OF Sc.20 for wheat
next year had been definitely settled
was construed also as bullish factor.
In addition, decrease in the visible
supply OF corn was announced and last
prices were near the top point OF the
day.
Strength in oats came almost entirely
from corn. There was good buying of
October by houses with Western con-
nections.
WHEAT-Recent heavy rains over prac-
tically the entire wheat belt have placed
tho soil In splendid condition for fall
ploughing and this is making active prog
ress. Movement of wheat continues heavy.
shipments from the seaboard continue
moderate compared with the movement
from the West. but the fact that permits
are being Issued for further shipments in
this direction show that the grain IL being
handled with more promptnsss The vis-
ible supply Increased 6,st6,oOO bushels for
the week.
CORN--Ater showing early weakness
with a decline OF over cent a bushel
from the final OF Saturday. the corn mar
ket developed strength near the close and
final figures were - to 1%c net higher.
In local cash market the demand was
slow and prices were easy. Fresh shelled
No. . yellow quoted at 31.I97.: No yell
low. $lI3S, cost and freight New York.
OATS-Price changes were compare
lively narrow, but at the close OF the day
the undertono was steady, with Anal quo
tations u to NC. net higher. In the local
cash market prices were easy. Standard
quoted at s09slc.: No. white, Sic; No.
white. 1917 4s0hc.; No. 4 white, 1870
soc; fancy clipped white. nominal; ordi-
nary clipped white; sl8s3c.. all elevator.
RYE-Local market for cash rye quiet.
No. . Western quoted at SIZE, cost and
freight New York.
BARLEY-Market barely steady. Feed
ing, il.ll; mating, 3l.l5G1l7, cost and
freight New York.
HAY--Market steady. No. I. $1,000
l.e5; No. ,. f50Q l.5j; No. 5, 1l,Sj1l.4o.
CHICAGO PRICES.
RYE Open High. Low Close day