The sun., 1918-09-13
ALLIED WHEAT CROP
GREATLY INCREASED,
Total Gain for England, France
and Italy Estimated at
1OO,OOO,OOO Bushels.
IMPORTS LIKELY TO DROP
Sufficient Tonnage Cannot Be
Spared for Argentine and
Australia Product. ...
IMPORTS LIKELY TO DROP

Recent cables from France have indi-
Gated wheat crop OF about lS0,00O,0O0
to $4,000. 900 bushels In that country. or
20 per cent. more than last year. which
would mean a gain In the crop outturn
there of nearly 40. 000,O bushels over
last year. The estimates Of the Italian
crop indicate a gain OF $4,000, 900 to 30.-
900 900 bushels. and OF the English crop
of 32,0OO.000 bushels over last year. so
that the combined gain In the three coun-
tries in the wheat supply Is about 100,-.
600, 900 bushels.
The situation Is such, however. that 1t
Is not expected that the supply available
from the Argentine new crop will be as
large as last year. not so much on account
OF the quantity of the crop as that with
four to Ave million American troops In
France next year the increased tonnage
which may be available will be needed
for the troops and will not be free to
bring wheat from the Argentine. From
Australia there will be certain amount
of wheat bought, as the transports going
to and fro can bring a certain amount
on each trip, and also take out certain
amount of return cargo. From India
there Is the probability Of fairly good
supply, which may be the most available
supply for Greece. and possibly for Italy.
While the crop conditions for wheat
are quite favorable in the allied coun-
tries the prospects for the feedstuffs sup
ply are not relatively so satisfactory and
1t is believed that larger shipments Of
feeding stuffs may have to be made than
last year. A study Of the feedstuffs sup
plies available shows that the same con-
ditlons are going to exist as to the source
OF supplies In feed as in wheat and that
most Of the shipments must be made
from this country. The export surplus
Of wheat. on the basis OF the Government
| report OF the American crop and the
Canadian crop as estimated by the Grain
Growers Association. IL upward of 450,-
100000 bushels, against actual shipments
the past year Of a little less than 300,-
100000 bushels. The crop OF oats is not
as big as last year. but the quality is
| fine. with a conside rable amount carried
over, and the surplus available over the
| normal distribution of oats will give an
! abundant supply for export.
CHICAGO. Sept. l2.-Insplring war ad-
vices led to much selling to-day in the
corn market and to an unsettled finish
S1.52Ss to $1.52& and November S1.51 =
to $1.5lss. Oats closed a Off to II UP.
and provisions down sc. to 81.
Bears had the advantage from the out
set in corn. Favorable weather gave
emphasis to reports that large part OF
the crop was already out-of danger from
frost. At the same time liberal arrivals
added force to announcement Of fresh
| embargoes on Eastern railroads. The
fact that while business here was sus-
pended yesterday other markets had
shown weakness was likewise also a
| handicap to the bulls. as was also Ger
| man peace talk. Then came word Of the
new American offensive in France.
Thereafter the market seemed to have
no power TO rally except when sellers
were taking profits at the days end.
In the oats markets reports OF sales
to the seaboard outside points counter
balanced the bearish effect Of corn weak
ness. Offerings to arrive, however, were
light
Provisions declined with corn and as
a result OF an increase OF 81 per cent. in
the number Of hogs being fattened on
farms as compared with a year ago.