The sun., 1918-12-07
ARGENTINE WHEAT
SURPLUS DECLINES
1876, 900, o0O Bushels Reported
This Year Against 49,
100000 in 1917.
EXPORTS ARE IRREGULAR
Linseed shipments Amount
to 10000 900 Bushels
Corn Used as Fuel.

A Broomhall cable yesterday a v an
estimate Of the Argentine wheat crop
surplus this year at 1885, 900, 900 bushels,
compared with 14s, 100000 bushels last
year. OF last years surplus there has
been exported 1o9. 900, 900 bushels, leav-
ing SO, 900, 900 bushels available of last
wears crop, although II Is claimed that
thi, surplus is a little larger than that
! figure, or 100000 bushels of old
wheat. The export surplus of new and
old wheat is. therefore, from lie. 900. 900
to 1856, 900. 900 bushels. The exports Of
wheat from Argentina for the past
three years have been irregular. For
the year Just ending the total will prob
ably be about $4,000. 900 bushels. com
pared with $4,000. 900 bushels a year
ago, and 1000. 900 two years ago.
The estimated export surplus will be
available practically to the capacity of
the ships. "a the old wheat can be moved
al once and the new wheat will arrive
at the ports for shipment the latter part
Of January and under normal conditions
would move heavily in February, March,
April and May. In addition to the ex-
port surplus Of wheat to move, the esti-
mated export surplus of oats, new and
old, IS placed at $1,000, 900 bushels. The
surplus Of oats last year was about 81
OOO,O 900 bushels. Of which 5000 900
bushels have already been shipped,
sgains. 15.400.00 bushels for 1917,
and 55.579.000 bushels in 1916, which
was the record shipment
The export surplus OF linseed. Is not
estimated. but for the past year there
have been exports OF 16, 1000, 900 bushels.
and in 1915 4o,50o.0 900 bushels It Is
possible. on the acreage planted this
year, that the export surplus might
easily be 80. 900 900 bushels.
The supply OF corr waiting to be
moved Is said to be from 0 200, 900 to
ioo,ooo.ooo bushels. although. owing to
the difficulty of getting export permits
and tonnage, the corn Is being used for
fuel to a large extent. On the basis
OF the figures of available supplies
Argentina has possibilities of an export
surplus Of all crops OF $50, 900, 900 to
100000 bushels. the bulk of which
will be available for export in the arst
half OF next year.
CHICAGO, Dec. 6.-Assertlons that an
Increased movement of oorn from, rural
sources was now assured weaken the
'o'h market to-day after an early ad-
vance The close was heavy, &c. to
~ net lower. with January s1.3O% to
I,3l, and February $l.30& to $780,.
Oats finished unchanged to &C. off, and
provisions unchanged to a decline OF soc.
Oats displayed relative strength. Sea-
board demand was fair and country
offerings light.
PROVISIONS receded with corn and hogs.
foVk was neglected, as Government pur-
chases were said to AXE most Of the
meat which would be made Into that
product
CORN Market was apparently in a
weaker technical position as a result OF
the recent heavy covering ss well as now
buying and prices closed a TO li4c net
ever. The local cash market was hrm:
70 yellow quoted at sl.66&. and No. 3
white, Sl.64&, December shipment, cost
and freight New York.
OATS-Price changes were narrow. Ex-
porters were again in evidence and It was
bought for export shipment on Thursday
and Friday. This naturally resulted in a
tes were easily hlled, which suggested
leayy selling on the part OF holders. The
local cash market was steady; andar
W 3G0'e 5 9 al - asSho' No; 2 v Thi'e; Sc.
'ancy clipped white. s5aSsc,; ordinary
clipped white, s39s4c.. all elevator.
RNE-Market steady: No. 2 Western,
! . cost and freight New York.
BARIEY-Market quiet; feeding. tl.o5.
and milling. 3l.lO. cost and freight New
BUCKwHEAT - Market dull: sound
milling, $3.50. cost and freight New York.
Wheat, including -four. exports for
ihe week. according to Bradstreet's aggre-
gate s,6l4,s36 bushels. against 1852, 4O6
bushels last week and 7,l56,sl5 last year.
Corn exports for the week a. lounted 10
Sb'sa7 bushels. against 1890 last week.
CHICAGO PRICES.