The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-09-24
FEED GRAINS WILL
FLOW TOOUR ALLIES
American Markets Keenly In
terested in Plan for In
creased Exports.

Tho statement issued by the Food Ad-
Ininistration regarding the allied pro-
gramme for the coming year brought
about a hardening in oats. barley and
provisions. although corn, affected by the
prospects Of continued favorable weather,
closed at a decline for the day. The
allied programme is attracting a great
deal OF interest in the markets, In feed
grains. mostly oats. the exports prior to
the war were $50 900 tons annually. Last
year the exports were 100000 tons and
the current year the exports are ex-
pected to reach 100000 tons. This, on
the basis Of seventy bushels Of oats to
the ton. would mean 100000 bushels.
In addition to this huge quantity there
will b exports Of oatmeal and oats
PRODUCTS which last year amounted to
nearly $4,000. 900 bushels
The programme on wheat and wheat
substitutes calls for an immense increase
over last year. The pre-war annual
average was 3,a28.0o0 tons. the last
year called for 6.S00.000 tons and this
year II is proposed to ship an increase
Of 100000 tons over last year. which
would make O total Of 10000. 900 tons
On the basis of 37.3 bushels of wheat
ton the plan would call for 3S6. 100000
bushels this year. Last year tho ex-
ports Of wheat and flour from the United
States and Canada to all countries were
about 5000. 900 bushels.
The requirements on meats, fats and
vegetable oils call for an increase Of
100000 tons over last year and a
total OF 100000 tons for this year.
compared with pre-war average OF
$4,000 tons. This Is the enormous
amount OF $500, 100000 pounds, or an
increase compared with the pre-war
average OF nearly $500, 0o0. 900 pounds.
Food Administrator Hoover Is -conH-
dent that with careful economy and "a
clean plate this arrangement can bs
carried out with no hardship to the
American people. This is the difference
between the ability to ship over and
keep an immense American army in
Europe, or the reducing of that army
through the necessity Of sending ships
on the long voyage to South America
and the Far East to bring the neces-
eary food supply. which America can
supply II each one does his bit.
CHICAGO. Sept. 23.--New low levels for
the season were reached in the corn
market to-day as a result OF liquidation.
precipitatod by reports that the German
Emperor was seriously Ill. The close
was heavy, 1&c. to lTsc. down. with
October s1.46R to $l.46M and Novem-
Der S1.44k to s1.44&. Oats finished
unchanged to nc. higher In provisions
the outcome varied from sc. decline to
s5c. advance.
Numerous bearish factors in addition
to the reported illness of the German
Emperor contributed to the weakness Of
corn once the downgrade movement Of
prices had received Impetus. Cheering
war developments and some revival of
peace gossip attracted more and more
attention. and so too did the prevailing
favorable weather for drying out the
crop. Besides rapid progress in cutting
was reported and indications pointed to
uninterrupted liberal receipts. Under
such circumstances moderate gains
which grew out of the Food Adminstra-
tion announcement Of increased need OF
feeding grain for export were soon lost
sight Of and bulls were in retirement
nearly the whole day.
Oats showed firmness despite breaks
In corn. Sustained inquiry from the
Government and from exporters was re-
sponsible.
WHEATAThe movement OF wheat from
the farms continues very active despite
the new permit system in regard to ship
ments The Food Administration Ii car
rying out It's plans OF creating large
surplus at leading terminal markets 1t 10
said that about 10 per cent OF the storage
facilities Of these markets will be utilized
for carrying wheat and big stocks Will be
built up at the Lake ports. Millers in the
Southwest have expressed more or less
concern over the fact that such n large
amount OF wheat Is leaving the farms 90
early In the season. They apparently fear
that before the season Is over there Will
be practically no wheat on the farms to
draw from and that supplies will have to
be secured from Government elevators
which will necessitate considerable ex-
pense in the way OF back haul to mill
ing paipts.
CORN--In the local cash market No 2
ysilos aorn was quoted at si.7sS. No. 3
yellow. C.7ok. cost and freight New YORK.
OATS-The local cash market was
frmer owing TO light supplies here: stand
ard quoted at s5n to sec: No. white.
sBH to $50: No. white. SIS to eshc. |;
No. 4 white. s4h to s5c.; ordinary clipped
white, Sc to s7c.. all elevator.
RYE-Market steady: No. Western.
Ella, cost and freight New York.
RARLEY--Market Arm: feeding, st.f6:
milling. $40. cost and freight New York.
HAY-Market strong; No. 1. ss,io; No.
., Is; No. Q. $40.
CHICAGO PRICES.
RYE Omen Hixh Low Close day