The sun., 1918-07-17
CROP CONDITIONS
VERY FAVORABLE
Millers Meet Urgent Wheat
Requirements and Cease
Paying Premiums.
INCREASED YIELD OF RYE
Oats Harvest Will Be Third
Largest on Rccord-Vege-
table Outlook Promising.

With almost one half of the summer
passed a survey OF the crop and food
situation Is worth while. Compared
with a year ago the situation is one OF
most favorable comparison. Last year
we were sure OF a short winter wheat
crop and apprehension of the spring
wheat crop. This year the winter wheat
crop is assured-the third largest on
record. Much OF II is safe in the barn
or stacked. 1t has been harvested in
good condition. the quality Is fine and 1t
is moving freely TO market. SO free Is
this movement that in the Southwest,
where the demand has been the keen
est, the premiums have largely disap-
peared. the mills having satisfied their
urgent requirements, and are waiting
Tor the market to get to the Govern
ment base price.
The conditions as to spring wheat are
most encouraging in Minnesota, South
Dakota, eastern and southern North
Dakota. and have been relieved in the
northern and western parts OF North
Dakota and in Montana. There is very
little ground for considering the condi-
July /. There has evidently been not
more than the normal deterioration. II
as much. The rye crop is safe, SO per
cent. larger than last year.
The feed grain crops are also safe
as to oats and barley. A large part OF
these crops has already been harvested
The crop OF oats will be the third
largest on record. and new oats are be-
ginning to move in the southern por-
ton Of the belt. The barley crop will
be the biggest on record, and there has
been no drought in the leading corn
States to lower the corn condition be-
low the record promise OF July l. While
OF course the critical period Is still be-
fore the corn crop every day OF favor
able weather and every shower means
Just SO much more certainty OF a full
yield.
The vegetable outlook Is equal to
that OF grain. and with the conserva-
ton of the Food Administration enough
will be saved out OF the crops being
gathered to assure ample supplies an
other year. even II the crops should be
short in 1919.
CHICAGO. July 16-Soaking rains and
big receipts did much to-day to weaken
the corn market Although at one time
prices touched new high levels for the
season. the close was heavy. at 2Lc to
NC net decline, with August slS0Ts to
i.6lh and September s1.sON to
N6l u. Oats lost NC. to &c. In
provisions the outcome varied from soc.
down to Zoe. advance
Advices that the moisture supply had
been so heavy and widespread as TO be
likely to head of any dry weather talk
for considerable while led to general
selling. with the pressure most energetic
around the opening and during the last
half OF the day. The fact that arrivals
here were decidedly in xcess OF expec-
tations and amounted to nearly 500 car
loads acted also as notable bearish
factor. transient letup In selling or
hers was taken advantage Of by the Dit
traders. but the bulge which ensued was
more than wiped out by greatly increased
selling that lasted until the close
Oats were governed mainly by the
action OF corn. Only limited amount Of
hedging was done.
WHEAT-RHceipts OF wheat at Western
points we're again large and the movement
reflects change Of attitude on the part
OF farmers IN connection with making
sales The milling demand is apnaren,iS
active. as there has been large bushes,
done In -four for shipment during the neS,
month and mill. are providing themselves
with wheat 70 fll these orders. More or
In the West Before the $40 wheat I'M
was vetoed by the President some high
premiums we're pail h., some Of the mills
said that row some Of the Kansas miiler,
ar" selling this wheat. as thew mi they
are unable 70 grind IL at a p-ont ard keep
within the limits set by the Food Admits
tration IN connection with the price Of
hSur, Prsmiyms have fallen on consid.r-
ably this week and II IL thought that with
In very short time tho market will he in
better position and that price differences
tinue favorable for the spring wheat crnn
with further rains IN the Montana district
In the local market No red winter
export.
CoRN-The corn market again made
new high rscords the August position in
From THIS Ievs POW moWever aen there N Sas
break of about cents per bushel. and at
lowest Of the session. with net losses Of
2Sc TO 3&c from the previous close Re-
tSs Food S %s @ 'fa had sTeam
caused a f"elins OF uneaslness in the mar
profits on tho early advance they found A
much reduced demand In the local cash
market the undertons was easier: fresh
shelled No. yellow quoted at Sl9sN :;
No. 3 yellow, si,sSE, cost and freight New
OATs-In the local cash market prices
were carer, Vuhltu ~ bfH w - e. +,
No. white, s9Lc.; No. white sec; No.
white. s7i1 Tssc.: fancy clipped white.
sea s2c ordinary clipped white. S1 S9c..
all elevator,
RYE-Nark.t nrm. No. : Western. 81 Sc
cost and freight New York
RARLEY--Narket Arm. Feeding. fl.5
n 100; mating. I.30Gl35 cost and freight
New York.
HAY--Market quiet. No, I. tlt5al.5o;
No. 2 f1.30Tl.+o. No. 2, tlGllj.
CHICAGO PRICES.
Mon
CORN Open. High. Low. Close. day.
T,l 1914. If0lL 1N0Tl