The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-12
CORN CROP UNDER
EARLIER ESTIMATES
Government Report Shows De-
cline in Prospect Of 1877
100000 Bushels.
TOTAL NOW 2,583,OOO, 900
Wheat Yield Is 917,1OO,0OO
Bushels-Barley and Rye
Figures Higher

The feature OF the Government cror
report issued yesterday was the radical
change in the corn estimate, reducing the
crop ie7.ooo.o00 bushels, with a total OF
only 2.5s3.oo0. 900 bushels, compared with
J'o65,ooo,o00 bushels last year. This great
loss IN promise this year. compared win,
the figures month ago, was brought
about by a revision in the acreage, re-
ducing the area 6.341.O acres from the
preliminary figures OF the amount
planted. This loss was thought TO be
due TO the drought in the Southwest and
the abandonment in area of damaged
corn.
Against the decrease in the corn crop
promise was an increase of 10000, 900
bushels In the estimates of the barley
crop. raising the total of this grain TO
S6S,OO0.000 bushels and an increase of
100000 bushels in the rye crop.
The crop of wheat was changed only
slightly from the preliminary figures.
the total finally reported being 917,100.-
600 bushels, against the preliminary es-
innate OF $4,000, 900 bushels. The most
Interesting point In the wheat report was
the revision OF the figures for last year.
reducing the total from 651 .0O0, 900 TO
SGT, 100000 bushels. Even these latter
figures were larger than the actual dis
trioution OF the crop as shown by the
amount OF flour milled and wheat ex-
ported.
The big reduction in corn makes the
crop almost as small as in 1916. when
the product was 2.566.OoO, 900 bushels,
and the loss OF 1877 900. 600 bushels in
the promise means virtually the wiping
~
Some corn will be shipped, but with the
large supply OF hogs in the country and
the fact that there is a great profit in
feeding corn to hogs there would seem
to be very little reason for reducing the
price of corn to point which would
comTeto with the Argentine prices, and
1t Is = fortunate thing for Europe that
the Argentine has q surplus OF nearly
100.000.000 bushels OF good old corn
which will be available for shipment as
soon as vessels are released.
CHICAGO. Dec. 1i.-Corn advanced in
value to-day on the correct assumption
that cut might be made in the Gov
eminent estimate OF the 1918 yield.
The market closed firm, a to sc net
higher. with January, s1.s1Ts to $1.32.
and May. s130A TO $l.30h. Oats fin
ished sc. of TO sc. up, and provisions
varied from l2c decline TO rise OF l5c.
Oats held within narrow limits Trade
was light. mainly local.
CORN-1n the local cash market No. \
yellow and No. 3 white were quoted at
s1.59E cost and freight New York.
OATS-Local cash market was' steady
standard quoted at selac. to sac; No. :
white. sac: No. s white. SIC. TO s2Ho
No. { white. size. to sac; fancy clipped
white. S3Hc. 10 Ssc.; ordinary clipped
white. s2itc. to ssi4c., all elevator.
RYE-Narket steady. No. Western.
Sl.75, cost and freight New York
BARLEY - Market steady. Feeding
f-oS TO tl.os: milling. 31.iO 10 $3.50. cost
and freight New York
HAY-Market quiet No. !. ;I.S5: No.
?. Sis to $50; No. ,, $3.50 to $3.50.
BUCkWHEAT-Mark dull Sound
milling. $3.50. cost and freight New York
CHICAGO PRICES