The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-07-07
FAVORABLE GRAIN
REPORT EXPECTED
U. s Forecast Likely to RI
Satisfactory Despite Heat
and Drought.
CORN ACREAGE 117,OOO,OOO
Decrease Smaller Than Pro.
viously AUTHORIZATIONS
Prospect Good.
'ORN ACREAGE 100000

Inc NEXT boNerHfnent report on grain
will be issued on July .. and the show.
ing Is likely to be satisfactory in IN.
main. This document will cover III.
conditions up to July l, and therefore al.
lowance will have to be made for bens.
ficial rains over the. majo part of oral,
producing sections during the interval q,
July to 4.
The heat and drought damage o. lat.
June has cut down the winter whoa,
prospect. and II Is not believed that tho
Government estimate will equal that n,
June, which was 5S7,000,000 bushel,
Not much loss is expected to be disclosed
in the net, however. as the crop damage
in the Southwest was offset by very
favorable winter wheat conditions in
Central and Eastern States. An est.
mate of 575.000,000 bushels would seem
conservative, and compares with as.
100000 last season and a previous hy.
year average OF $50, 900, 900 bushels. II
Is noteworthy that the winter wheat q,
this year is of high quality.
Deficient moisture in Montana, Pacific
coast States and parts OF North Da.
kota led to lowering OF the spring
wheat prospect from its very high June
estimate OF $4,000. 900 bushels There
is a tendency to look for a Government,
900 bushels. There will be no complain,
II losses in spring wheat for the balanc.
of the season are no larger than the nor.
NAL, as a crop of this size will he very
near the record, and Will compare with
233, 900, 900 bushels last season and
previous five year average OF o57. 900 900
bushels.
In the corn and oats estimates n.
effect of the rains after July will have
to be most considered. The corn acreage
this year will probably be placed at
about 100000 acres under the record
OF 12o.O0O.600 acres planted last sea.
son. which tlecfeasesis smaller than was
previously counted on. Aside from the
deficient moisture conditions in the
Southwest corn has done well so IA
and after an uncertain start In Iowa
and Illinois progressed nicely. As re.
suit, the official estimate is not likely 10
be seriously under last seasons fnal Of
3,159.000. 900 bushels, which compares
with the previous Ave year average OF
2,167. 900, 900 bushels.
The indications point to an oats crop
estimate around 1,450.0OO, 900 bushels
compared with 1,500,0O0,00O bushels es.
timated last month. the record crop be-
ing 1857. 100000 bushels last season and
the previous five year average Of l.
296 100000 bushels
The barley and rye crops have also
felt the heat and drought, but the final
result will hardly be much under the
high June promise, which indicated 9"j.-
100000 bushels Of barley against 200.
900 900 bushels last season and 2O3-
100000 bushels for the average during
1912 TO 1915. The rye estimate for June
is S1.000,000 bushels against 6O.Oo0.VOO
last season and the preceding five year
average of 45, 1000, 900 bushels.
Large acreages of potatoes are e1.
pected to be reported in this Government
document. Last years potato crop was
enormous at 443. 900. 900 bushels as com.
pared with 362.o0O.OOO bushels (whne
potatoes) as the preceding Ave year
average.
CHICAGO, July 6.-Belief that arrivals
of corn would soon fall below immediate
requirements strengthened the market
to-day for July delivery. but August
and September sagged owing to the
suspicious crop outlook. Prices closed
unsettled. l2c. net lower to / &C adj.
vance. with August Sl.53N to sl54 and
September sl554 to sl55I2. oats I'm
ished Il a lac. to 1c. down, and pro.
visions varied from 10c. decline to a rise
OF nc.
Although traders expected to see
fairly good movement OF corn. yet from
rural points for week or so the opinion
was general that loading OF new waea;
would then turn out so brisk that cars
available for corn would be relatively
scarce. In this connection the fas'
evoked comment that the first new
wheat Of the season reached Chicaro
to-day, a week earlier than in lsl7 rs
i'm that Canadian mil
ducing 1000 to 5000 barrels OF corn
-four a day tended also to give frnncss
to immediate demand for corn
WIFE vt -Fu-'hcr sa'cs were male
New York OF No. rcd winter wheat at
SIS C. domestic basis. Tn" weather
at the clos" OF the week was very f.Fu-.
able for harvesting operations ana a fs,
showers We're reported in portion, n, ~
Northwest, where moisture is nov s1'i -
he needed. The Government report Vt.l be
published Tuecday and is expected 20 SOW
moderate losses from the June report
CORN-Markct showed a very steady
undertone throughout the greater pat o.
the day This was attributed large! 90
hrmness in the cash position. which vas
Elected in an advance OF ! &c frr Iu.'.
The domestic cash demand was SOW ha'
prices were very frm in the local mnrl"'
81 9S% No, 3 yellow, H.SSa, cost oai
freight New York.
oArs1Looal cash margo, "-as,
standard quoted at sOtsc; No Whit.
9oisc,; No. white, sOc.. No na.
S9i3c.; fancy clipped white. 9l9gIc or.
binary clipped white, Sgi9 q 9l'.. 81. GO.
vator
RYE-Markot firm. No. Western
sl.75, cost and freight New York
BARIEN-MRrket steady TpfdInF
81 2Sn 80, mailing. Sl3Ogl35, ,,s' 101
freight New York
HAY-Market quiet. No. :, s. a. JOS 50
No. 2, 81 900 lao: No. 3. SlQil0 s10p.
ping, 60aSoc
CHICAGO PRICES