The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-07-19
LARGER SHIPMENTS
OF WHEAT ABROAD
Allies Soon Will Receive
Greatly Increased Supply of
Flour From America.
GRAIN MOVING RAPIDLY
Receipts Of Wheat at Interior
Points This Week Five Times
Bigger Than Year Ago.

The export movement OF wheat and
hour to our Allies Is expected to show
decided Improvement in the near future.
With the peril of U-boats minimized to
an important degree, our own tonnage
supply increasing steadily-in fact to
such an extent that there Is discussion
concerning the edvisability of returning
some Of the Dutch boats--and our sur
plus of wheat and -four promising large.
there will disappear whatever apprehen-
sion still remains concerning the grain
supply at important points of distribu-
ton for England. France and Italy.
1t Is significant that the wheat move
ment from farms Is assuming large pro-
portions. and with the urgent milling
demand for domestic account showing
steady abatement the surplus wheat
movement will naturally go to the Food
Administration and for export. The re-
ceipts OF wheat at the Interior points
recognized by grain exchanges approx
mates seven million bushels so far this
week. more than double the quantity
for the corresponding time last week
and nearly five times greater than the
reported receipts for the same period
last year. There has not been enough
falling away in the wheat crop prospect
as a whole. despite deterioration from
drought In parts of the American and
Canadian Northwest, TO interfere with
this large movement OF new wheat, espe.
cially as the farmer has no real basis
now for anticipating a higher Govern.
ment price.
The shipments of wheat and -four from
North America last week were a little
in excess Of three million bushels. com
pared with one and one-fourth millions
for the previous week. A normal out
ward movement for about this PERIOD
OF the season would he from Ave Il
eight million bushels weekly. and 4
there was n very urgent demand for 6
huge amount of wheat the shipment:
might reach ten million bushels weekly
At present, however. the need for wheat
among our ALLIES Is not OF panick!
nature, as they are availing themselve:
of home crops. larger shipments from
the Argentine and, OF course. economic
ing Authorities in the grain trade arr
confident that the weekly shipment:
from North America will soon show M
average OF close to seven million
bushels weekly. In the meantime the
Argentine. which had n surplus OF more
than a hundred million bushels OF
March !. has been shipping from three
to FIVE million bushels a week. so thai
her total shipments OF wheat from
March to data approximate $4,000, 00t
bushels, against 100000 for the SAINT
time last year.
CHICAGO. July 1s.-Rapid downward
plunges took place in the corn marke
to-day owing largely to sweeping success
Of the Entente offensive. Prices closet
heavy, asa to 4Lc. net lower. will
August S1.557s to 1868 and Septembe
sl.b64 to 1868. Oats lost hail. at u
to 7sc In provision. the outcome
varied from a shade decline to sc. ad
vance
General selling by all classes Of trad
ers developed as soon as the magnitude
OF the Allies success had been PLACED
beyond reasonable doubt. At first, how
ever, offerings were light and some
what sharp upturn resulted before tn
majority of dealers appeared 10 grasl
the significance Of the new situation
which had been suddenly brought abou
in France. Then came quick reversa
of sentiment, and II was not until tn
closing gong shut off business that an.
halt was put on the smash in values
The extreme break from the top level o
the day amounted In some cases 10 o'4 {
bushel Bearish crop reports and lib
eral receipts were in some degree add
tiunal elements OF weakness.
wHEAT--In the local cash market Nc
. red winter wheat was quoted at t2.3
track New York export to arrive, While
represents the price local merchants ar
| paying in the country for wheat delivere
| in New York on sight draft
CORN--Prlces in the corn market ex
| perienced a very sharp break, losing abou
S cents bushel from the high point O
the day and closing with net losses of -
to 4Hc. from the hnal OF Wednesday
| In the local cash market fresh shele
No. yellow corn was quoted at g.. 90 Y
| No. 3 yellow. sl.s0% cost and freight Ne'
York
OATs-The local cash market wAs ca
| Ter: standard quoted at ssh to SOC: NJ
white. soc. No. . white, sshc,: No.
| white, 81 to s7tsc.; fancy clipped white
| ssis aelhc.: ordinary clipped white. 81
| to ssC. all elevator.
RYE-Market steady; No. Western
| sl.ss cost and freight New York.
| BARLEY--Market steady: feeding. 81 2
to $3.50; mating, r.3o to Si,35, cost an
| freight New York.
HAY-Market quiet: No. I, tiis
1850; MOI >. $3.50 to $40; No. 8, 81 I
|