The sun., 1918-09-11

OUTLOOK FOR FEED
GRAIN IMPROVES
Crops Gain in Condition Since
September 1 Estimate
Was Formed.
DEMAND Is LESS URGENT
Second Growth Of Hay and
Late Pasturage and Forage
Conditions Are Better.
Is LESS URGENT

Instrumentation put upon the Govern
man, crop report was more favorable T.
the feed stuffs situation than has re
oant,v been hoped Not only Is 1t be 80
I,oved that the September CONDITION
rsport represented the worst Of the
nromise, but the general relief anordeu
by the rains since has meant material
betterment In the feed stuffs outlook. moi
20 much In grain as In the second
growth OF hay, and the late pasturage
J. and forage conditions
problem which has come into the
situation seriously Is the question OF the
nrIce of mill feed as related to other
fsed stuffs and the effect OF this price
on the movement OF other feeds and feed
grain. Although the mills have ground
over so per cent. more wheat 30 far
this year than they did last year and
made a correspondingly increased amount
OF feed stuffs the fact that the price
OF feed was made low in order to meet
the wishes OF the country has resulted
in An enormous demand for mill feeds,
which have been SO largely taken by
the surrounding sections TO the mills that
there has been nothing left to ship to
outside points In addition to an over
20 per cent increase in the production
OF mill feeds there has been q consider
able Increase in the production OF barley
mil feeds as we'll as in rye and oats
meal feeds. On the other hand. the
falling of in the available supply OF
d,st!llers and brewers grains has been
serious
The country has bought the mill feeds
at the low prices and in turn has sold
corn, oats and barley freely The coun-
try sales Of oats have been materially In
exces. Of the average and there has been
,.ry Srea ri ettpU NJ har1ev WITH
,he country using the mill feeds where
available and selling feed grains 1t Is
thought likely that a continued pressure
will be brought on the feed grains.
Compared with an ordinary year there
are between 10o.000.000 and 10000 900
bushels Of corn and barley to put on
the market this year In the shape OF
grain instead OF through the breweries
and distilling plants. considerable
portion Of this grain will. Of course. be
used IN feeding to take the place of
brewery grains previously used. but II
means just 30 much extra movement
into commercial channels to be disposed
Of as grain. without the competition OF
the brewers and distillers' buying.
CHICAGO, Sept. 1o.-Big breets in the
value OF corn took place to-day owing
to the bearish influence OF the Govern
ment crop report together with failure
OF predicted frosts and rs a result Of
railroad embargoes against Buffalo and
Minneapolis. The finish. although
steady, was ~ to SIX net lower. with
October st.54& to $1.54N and Novem-
Der si.53k to $l,54. Oats lost y to
lc. In provisions the outcome varied
from 40c. decline to 35c. advance.
Weakness In corn was pronounced
from the outset The main initial i'm
pulse 10 sell came from the Government
estimates Of yield. 100000 bushels
above what the trade had looked for.
Bearsh sentiment throughout the day
was also emphafized by reports TINT
the territory In which the crop might
be seriously injured by frost hnd again
scored n lucky escape. In the final
hour attention centred chiefly on no
tees that railway congestion WIS acute
at Minneapolis and was also affecting
traffic on three roads into Buffalo. Dis
Outraged holders made a consequent
general rush to sell. and last prices were
nearly at the lowest point reached.
wHEAT-wh-at he's been moving to
market with such great rapidly that there
threatens to be congestion OF supplies
S,'h at Leading terminal markets In the
West and at the seaboard. The winter
lsfore experienced. but owing to the de-
r. z last season the early movement found
d n ready market, Very large sales were
p made for export and many millions OF
, bushels have been moved to sea board ports
1, some OF this wheat has been shipped
abroad, but the grain has been coming
faster than tonnage Is aSaif BILE for NOV
$, Ing Il, and in order to avoid more serious
r congestion 1t has been necessary to en-
, largo some of the Southern ports. while
the Atlantic ports are on permit system
a which amounts to about the same thin ..
u was said yesterday that Buffalo has
been embargoed by some of the leading
roads, and advices from Mlnnea polls said
That wheat was coming in there so rapidly
tha' the facilities for handling IL were
oyercrowded and embargoes had to be
PLACED against further shipments.
CORS-Western cash markets were 3 to
cents lower and in the local market the
zone vas easy: fresh sheIled No. 2 yellow
NIsN cost and freight-Ne York
oATS-Local cash market easy: stand
ara quoted at Sic: No. white. Sic; No.
white, sohc.; No. white. SOC: fancy
clipped white nominal; ordinary clipped
white. 80 y to Sic, all elevator.
ffE-Local cash market weak: No 2
western quoted at sl.72, cost and freight
BaRLEy-Market easy; feeding. 500;
mating, si.iS, cost and freight New York
HAh-Market firm No. l, s1.65 to $40;
No. :, $3.50 TO $3.50: No. ., sI.40
CHICAGO PRICES.