The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-08-31
MILLERS TO OPPOSE
EXPORTS OF WHEAT
Desire to Cling to Profitable
Plan Of Grinding Grain
in This Country.
FLOUR RETARDS SHIPS
Handling Requires Much More
Time and Tonnage Than
Wheat, Says Expert.

Advices from the West yesterday were
that one of the millers' associations was
taking steps to protest the proposed plan
or exporting wheat instead Of -four this
year The fact that the mills last year
had such large export business was
due to the conditions which then pre-
vailed and was the result OF the effort
to control prices. The exports OF flour
were about $4,000, 900 barrels, or sew
eral million barrels In excess of the
average exports of flour yearly, while
the exports OF wheat were only about
S4.OOO.0oO bushels, much below the usual
percentage Of wheat and -four exports.
Exports of -four fast year In place OF
wheat were at a direct sacrifice Of time
and tonnage. The actual loading of a
ship with -four takes several days, as
compared with several hours for loading
the ship with wheat. and the same con-
ditions prevail as to unloading on the
other side.
Shipments OF -four in place OF wheat
resulted in a serious reduction in the
feedstun supplies on the other side, and
were at distinct sacrifice Of tonnage SO
that ships. instead of making four trips.
were cut down to three or less, and the
loss OF every trip is equal to so much
loss in tonnage. While the tonflag &c sup
ply Is better. the pressure on tonnage
for the use OF soldiers and for supplies
for soldiers is a 5 much greater than year
ago as the number Of soldiers abroad Is
proportionately greater. For q long time
terminal conditions on the other side
have been so congested with -four, meal,
oatmeal. rye and barley flour that It has
been difficult to handle arrivals on the
other side.
Mills are finding difficulty, It Is gen.
orally admitted. In selling soft winter
wheat hours. but the milling output so
far this season is much superior to last
year. The statistics of -four trade Jour-
nails show output this season distinctly
ahead OF last year since July l. the gain
being nearly so per cent.
CHICAGO, Aug. 3o.-Corn to-day found
a new low level, but recovered and
closed l J. al Nc. over yesterday. The
dip was due to the fact that victories
in Europe are regarded as bearish. and
to the big discount on the No. 8
grades In the sample market. which de-
clined 5@10c and were 7c. under the
August and September deliveries. The
closing rally was due TO profit taking
by shorts. Cash houses generally were
UP at 1854. Fluctuations amounted to
2%. and the movements were nervous
and jerky.
In the oats pit the same nervous ten
sion was observed. but sentiment was
more evenly divided than in corn. Cash
houses and those with country connec-
tons continued hedging. Some OF the
buying was reported as being for ship
pers. Cash oats were slightly lower.
with No. white about "a C. and stand
ard about 1&c. under October. Receipts
continued liberal.
wHEAT-Lstest advices froh the west
indicate that the recent rains have placed
the soil in an unusually favorable con-
dition for fail ploughing and that In both
ing operations are making active prog
ress. Advices from Washington indi-
Gated the price of wheat for next sea
force. Shipments of wheat from Argen-
tina we're smaller last week. and II Is
s sal, the allied GOveInmsnts ., have com,
of grain agreed upon. 1t Is thought that
in the near future a large amount Of ton
mage which has been engaged In carrying
grain from the Argentine to Europe viii be
diverted to the American trade and that
shipments from this country will increase
materially.
CORN--In the local cash market fresh
shelled No. Q yellow was quoted at S.sTk
No. 3 yellow. tl.7sk cost and freight New
York.
OATS-LocaI cash market was dull and
prices were easy; standard quoted at sOh
10 Sic. No. 2 white. 81 to sine. No. )
white, so to 8ohc.; No. 4 white. 7sh TO
sSS fancy s,p ssD. White sA, &c. t. s'S
elevator.
RYE-Local market prices unchanged
at sl.72 cost and freight New York.
BARLEY-Feeding. 3llo TO sl.15;
mailing. Sis to $40, cost and freight
New York.
HAY-No /, N.so to $l.65; No .. $3.50
to Si.55: No. 8. $1.35 to $40.
CHICAGO PRICES.