The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-08-02
'900,OOO,OOOBUSHELS
OF WHEAT PROMISED
Western Experts See Big Gain
in Spring Crop During
Last Month.
RAINS COME IN TIME
Canadian Yield Placed at 300.
000,000-Slight Loss in
Corn and Oats.

Estimates by leading Western author
tiles on the crop situation at the end
Of July and the beginning Of August are
extremely reassurlng on wheat and show
but slight loss on corn and oats. The
report of the Van Duzen-Harrington
Company on the spring wheat crop shows
that In Minnesota the outlook Is very
favorable, and in the southern half OF
the state yields are estimated at fifteen
to eighteen bushels an acre. barley
thirty and oats forty. In South Dakota
there IL a generally favorable situation
and In North Dakota there has been de-
cided improvement in the western half
OF the State, due to the fine rains the
last week, which are expected to flll the
early grain and improve the late.
The report of Statistlcian Goodman
for Clement Curtis & Co. makes the
promise OF spring wheat as whole
31S.71l 900 bushels and a total wheat
crop Of sl1,159. 900 bushels, or 10000, 900
bushels more than indicated in July. and
this compares with 650,00O.0O0 bushels
estimated last year, although the actual
distribution OF last years corn tends
strongly to confirm the belief that last
years figures were overest!mated 30,-
600. 900 to 10000, 900 bushels.
The same authority estimates the con-
dition of oats 81 with a possible crop
OF l,400, 900 bushels. against 1,437.-
100000 estimated last month by the Gov
eminent. and a final crop last year Of
1857, 900 900.
The Canadian wheat crop Is estimated
at 200. 100000 bushels, against 233 ,O00.-
600 last month and 211 100000 last year.
The rains which have been so favora BILE
In the American Northwest extended
largely through the Canadian Northwest.
The Snow report makes the crop of
winter wheat 500 200 900 bushels and of
spring wheat 100000, 900 bushels, a total
of 9o0.000,000 bushels or 5000, 900
bushels more than the Government esti-
mate of last month. The threshing re-
ports on winter wheat show a yield OF
about three-quarter bushel An acre
larger than expected. In corn there has
been n loss of six points during the
month. with the present indication of
S,100, 100000 bushels The losses were
largely in the Southwest, but were also
shown in parts OF Kansas. Missouri. Ken
lucky. Tennessee, Ohio and Illinois. The
crop OF oats Is estimated at 1,419, 0OU, 200
bushels. The threshing returns so far
tend to indicate that the crop will be
up TO expectations.
CHICAGO, Aug 1.-Cntavorable crop
reports, especially in regard to Okla
homa, gave a pronounced upward swing
to-day 10 the corn market. Prices closed
firm. 1&c to 2Ac. net higher. with
August S1.55S, and September s157 to
sl57h. Oats gained nc. a sc. to %ca
&c The finish in provisions varied
from 30c. decline TO sc. advance
Bulges In the value of corn began as
soon as the market opened. Traders had
been supplied with the Oklahoma State
report showing that as a result of
damage by hot winds the crop cond!-
ton in Oklahoma was only 80. COM
pared with so a month ago. Soon after
ward other reports were circulated
which put the present condition OF corn
throughout the United States six points
lower than on July |. In view of such
advices the prevailing sentiment con-
tinucd decidedly bullish throughout the
session. Sales to realize profits caused
moderate reactions Mt intervals, but the
offerings were readily absorbed. The
tact that arrivals here hardly exceeded
1870 cars. was an additional strengthen
ing factor toward the last.
Oats derived frnness chiefly from
corn. Selling by cash houses held the
advance in check.
Interest IN the provision market was
! the smallest in many weeks. The fact
! that values were near the maximum
! deferred buyers Notwithstanding cx.
| pected disclosure OF a decrease OF stocks
WHEAT - Receipts at primary points
again large and stocks are sccum ulsti Z
| despite the fact that millers have beer
| very active buyers Of cash wheat IN the
| West to I'll a big demand Tor Nou-, ant
| there has been a very larg" export busi
| ness done for shipment to Europe.
CORN-In the local cash narke, fresh
| shelled No. yellow was quoted at slssS
and No. yellow, SlssL c. (. New York
| OATS-The local cash market was arm
| standard quoted at s. to save. No.
| white, Ii+c.: No. white. s3t1 to SIC
| No. 4 white. SO to ssi4c,; fancy clippa'
| white. s6hc,; ordinary clipped white. s3ii
| to SShc., all elevator,
RYE-Market steady; No. Western
Sl.7l C. T. New York.
RARLEY-Markct easy: feeding. slcl
! 10 I.25: mating. $3.50 to 3l.S5 C. e. New
| York.
HAY-Market Hrm: No. /. $3.50; No. .
40; No. 5, $40 to sl3