The sun., 1918-08-25
FOOD STATEMENT
OF LARGE IMPORT
Facts Submitted Therein Have
Significance in War VIM
ming Programme
SITUATION HAS IMPROVED
Comparison With Last Year
Shows Increased Grain
Accumulation.

@"o hoou stAteHent py Mr.. hoover 10
an extremely important one And one
Itch means a great deal to US in the
winning OF the war He estimates that
FOR human requirements the import
needs abroad will be SOC, 900 900 bushels
or food. <,000. o00. 900 pounds Of fats or
oils. 100000 tons of sugar, 900, 100000
pounds Of beef. and'in addition to this
VIII be the requirements for the army
and oats for the army horses.
The exports from North America the
last year were almost the needed require
meDts for this year In grain, comprising
about $50. 0oo. 900 bushels Of ali kinds
of grain. including the shipments of
wheat, corn. oats, rye. barley and their
products. The exports of provisions
from the United States were SIS, 100000
pounds OF bacon. 100000 900 pounds OF
nam. 370,0o0.000 pounde OF fresh beef
and 1bo.000.000 pounds Of canned and
picked beef. In addition to these the
exports Of lard were 1000. 900 pounds,
and neutral lard, &C, nearly 100. 600, 900
pounds The exports OF cotton oil were
ABOUT l0o,0o0.0o0 pounds, making
nearly 100000 900 pounds of fats from
the United States plus the exports from
Canada. The United States shipped
s,foo'ooO.0oo pounds OF fats, pork and
beef products, and IL this could be, re-
peated this year It would make about
haf or the requirements of these arti-
cies. Tho supplies which will be avail
able to them will include fats from
south America and India. and also there
VIII be considerable amount of bread
Stunts available from these two points.
The supplies available from North
America to meet the allied requirements
this year are materially better than last
year; the amount Of wheat in North
America Is certainly 200,000,oo6 bushels
larger than last year. even considering
the decrease in reserves carried over
from the past crop. The amount of
corn which will be available will be
vastly greater; last years corn crop of
mercnantable quality was only $780,
ooo,o0o' bushels, and this year the prom
Use Is for at least an average quality
II not better than the average and for
%o0,ooo,000 to 500.000.0 900 bushels more
OF merchantabIe corn than last year.
The oats crop is q little short of last
year. but the combined oats crop of
the United States and Canada promises
a supply almost as large as last year.
In addition tire crop Of barley Is far
superior to last year in both Canada
and the United States, and the crop Of
rye much better than last year. The
Va DiOaoctuuo, therefore. which
viii be available will easily supply the
requirements of Europe and leave an
important surplus Of wheat to build up
reserve. Mr. Hoover's statement that
II e bread loaf In to be improved and that
a ratio of 80 per cent. to 20 per cent,
Will be made on the substitute programme
not only here but in Europe and will
mean a considerable Improvement in the
domestic loaf and q vast Improvement
In the Allies loaf, SO that the Allies can
realize Mr.. Wilson's statement that we
are all sitting at common table.
CHICAGO, Aug. 24.-Traders in corn
who understood yesterday that the fifty
htty rule on wheat substitutes had been
eliminated or modified were informed
by ]. ]. Stream. chairman Of the coarse
grain division OF the Food Administra
ton. to-day that changes in the rule had
mot YET been made. The market opened
weak. with October selling III to l&c
down, at s1.62 to $1!61&, followed, by
a further recession to sl.s11s. Liquida-
ton continued and the close was weak.
with October cents under yesterday, at
S1.60b.
Oats were quiet but firm. October
opened unchanged to Nc. higher, at 10
to 73Ac.
Nio'ioioiiS were STEADY IN tone but
inactive. The close was 10c lower. to
loo. higher.
WHEAT-Receipts OF wheat at interior
points for the week decreased about I, 200, :
600 bushels from the previous weeks
amounting to 1s.62s.o0o bushels. The sx-
port movement increased over q million
bushels ana Il Ia thought that within a
that the export situation will be cleared
up so that permits for further shipments
from the country will be issued. The
ment at spring wheat pointSand daily re-
creasina
CORN-A further sharp break occurred
In the corn market on Saturday. prices
closing with net losses OF 2Ec. to &c. Al
the low point OF the day the September
oosoSsn sss s sel@ s ar oS
OF 7Nc. to shc. from the high point Of
last "wednesday Further heavy rains oc-
breaking of the drought appears to have awe
worked complete change in market sem
timent Receipts were larger at primary
about SC. bushel. In the local cash mar
ket fresh shelied No. 2 yellow was quoted
Mt s2oo%, and No. yellow tl,sok cost
and freight New York.
sympathy with corn, with nnal quotations
only Nc, to &c. below the last of Friday.
AT the deciine the market was on about
&c. bushel from the recent high point.
Western cash markets were down about
lac. In the local market offers were still
light and prices were steady; standard
s2Mc.; No. 3 white, SlGSlhc. No. 4
white. SON oslo; fancy clipped white, SO
9s4c.; ordinary clipped white, s1as3c,.
RYE-The Western contract market for
rye was weak. closing with net losses of
axe. to 2hc. making total drop OF SAC.
from the recent high point. In the local
market No. Western rye was quoted at
81 II cost and freight New York.
BARLEY-Market arm; feeding. sl.25@
l.s0: mailing. sl.so0l.S5. cost and freight
New York.
HAY-Msrket Arm; No. I, sl.e591.7o;
No. 2 &l.5b4l.60; No. 3. &l.A04l.45.