The sun., 1918-10-02
GRAIN PROSPECT In
SOUTHEAST EUROPE
Collapse Of Bulgaria May Open
Markets for Food Supplies
Next Year.
CORN BREAKS SEVERELY
Probable Loss of Half Billion
Bushels in Crop Condition
Affects Prices.
CORN BREAKS SEVERELY

The collapse OF Bulgaria may mean
the opening up OF southeastern Europe
and Russia for food supplies next year.
It IL not probable, in view OF all the re-
ports regarding crop conditions in Bull
garia. Rumania and Russia, that there
can be any considerable amount OF sur
plus food or feed grains from this years
crop In southeastern Europe, and II is pos
sible that. II navigation should be opened
into the Black Sea. some Of the vessels
shut UP there might have to be sent
to India and Australia TO bring grain
Tor the Greeks and Serbians, as well ms
possibly some sections OF south Russia
The great wheat producing section OF
Russia is the spring wheat region of
the Ukraine, bordering on the Black Sea,
and extending north and northeast for
several hundred miles.
The collapse Of Bulgaria and Turkey
would possibly result in the clearing of
the Mediterranean of U-boats, even IL
the war continued. which would permit
the freer movement OF Indian and Aus
tralian wheat, providing II could be
moved, not under convoy. The time lost
In gathering the fleets together Is ma
terial both ways and the speed Of the
convoy Ia the speed of the slowest ship.
The possibility OF this condition in
southeastern Europe may add to the DIFF
ficulties, IL contaminated, OF handling the
surplus wheat at the end OF this crop and
into the next crop. A reasonably large
spring. wheat crop In Russia next year
would make the question OF the disposal
of the surplus of the American crop n
considerable problem. The problem as
It now is. at the 50 minimum. would be
difficult enough. but with q .32.4o mini
mum as proposed by Congress and We
toed by President Wilson. the situation
would be still more serious
The corn supply. which IL not espe-
cially affected. even by the peace posi-
bilities in the far east. and the action
of the corn market, are possibly good
guide posts as 20 what might be the
position of wheat. Corn has broken vlo-
lently the past few days in face OF a
crop possibility OF almost half bill
lion bushels less than last year. and
from the high point Of the season the
market IL down 3o635c. with a greatly
reduced crop supply, a large hog crop.
hog prices stabilized on the basis Of Is
to l, and probabilities OF large exports
peace or no peace--it has been 50 far
impossible to check the liquidation.
CHICAGO. Oct. Increased belief in
chances OF a quick ending OF the war
brought about decided fresh setbacks to-
day in the price of corn. The market
closed unsettled. az 70 Sc. net lower.
with October sl.3s to S1.33h and No
vember S1.s0E to Sl.31. Oats finished
y " Nc. of to sc. up. and provisions
ranging from 81 decline TO zoe. advance.
Developments that had a bearing on
peace monopol!zed the attention Of corn
traders and resulted in general selling
until values were forced down more than
Toe. under the high point OF the pre-
vious day. Much or the pressure to get
rid OF holdings was said to come from
rural sources. On the extreme break
important covering by shorts took place.
and during the remainder of the session
the market was characterized by rapid
bulges and breaks. In the end the trade
was said to be more closely evened UP
than has been the case in long time.
CORN-The corn market was again un.
dor the influence OF the war news and price
changes were at times erratic and more OF
less violent. In the local cash market No.
yellow corn was quoted at f.7tS; No.
York.
OATS-The local cash market was un-
| settled: standard and No. 2 white quoted
at s59s5nc.: No. white, s4h 1sSc.; No.
white. st9s5c.; ordinary clipped white,
| s5H 1sshc.. all elevator.
RYE-Market steady; No. . Western,
t1.73. cost and freight New York.
.BARLEY-Market steady; feeding. tI.1::
milling. si.l5, cost and freight New York.
HAY-Market strong; No. I, sans; No.
| .. {2.l5; No. Q, 81.