The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-04
LOOK TO U. S. FOR
SUPPLY OF WHEAT
Yield for Allies and Neutrals
Will Show 495,OOO,OOO
Bushels Deficit.

Analysis OF the wheat crop production,
consumption and probable requirements
OF the allied and the neutral countries
present interesting possibility as to de-
mand. The crop production in those
countries this year, according to the
latest estimates, was 63s, 600 900 bushels.
The total consumption is placed at about
1888. 000, 900 bushels, a deficit of 4s5.-
900, 900 bushels in supply. 1t is expected
that, owing TO the rather inferior quail
lily of the wheat in some countries, par
ticularly in the United Kingdom. the
Import requirements may exceed slightly
500, 900, 200 bushels.
What the European requirements will
be, IL the Balkan regions as we'll as the
late central empires and north Russia
have TO be fed, Is another problem. Some
conservative English estimates indicate
that Germany alone would buy. II she
could. '160.000,000 bushels of bread
grain partly, II not entirely, of rye. 1t
Ii estimated that II Germany gets any
supply at all it will have to be by the
use OF German tonnage which has been
interned in German ports.
In regard to the supply, liberal estimates
place the United States at 100000 900
bushels, Canada at 100000, the Ar
gentine at 176.000,000, and Australia,
rev and old wheat, at 1872. 100000. The
aggregate export surplus, ignoring posi-
bility from India, Is approximately, at
the outside, 77S.00o.000 bushels. or
roughly 275.0o0.000 bushels in excess OF
the possible requirements of the Allies
and the neutrals.
It will not be possible for Australia to
ship all of her surplus on account OF ton
mage conditions, while there Is consider
able damaged wheat there. If exports
before July reach 100. o00, 900 bushels
many more steamers would be needed
than would be required to move three
times that quantity from here. The
Argentine surplus Of lie. 200. 900 bushels
is more available. but under most
favorable steamship conditions the
Argentine has been lucky to cx-
| port before July 1 100000 bushels
| Even with the favorable showing as to
| the worlds supply, there would seem to
be every reason for believing that the
only countries which probably will ship
! their surplus before July l will be the
United States and Canadn.
Weather Depresses Corn Prices.
CHICAGO, Jan. 3.-Excell elt weather
conditions for Smelling and hauling corn
| had n bearish effect to-day on prices Of
! that cereal. Consignment notices from
| the country were said to be Somew hat
| more liberal. Pit trading was of only
|
varied from tho same as yesterdays
| finish to sc. lower. with January sl.4l
| and May s1.S5 10 s1.35ia, were followed
| by a moderate general sag and some
| thing of a rally.
| Oats duplicated the action of corn.
Notice of an embargo on all shipments
to New York appeared 20 have hut little
IL any influence on prices. After open
ing &c. off to a shade advance, with
| May 69% c. to roc, the market showed
| tendency TO recover.
| Provisions ruled dull and irregular.
Lard and ribs were weak, but pork de-
veloped strength.
CORN-The market showed an easier
tone during the early operations, undo r
scattered selling. prompted by the reports
| OF an embargo against shipments of grain
| to New York. Offers were readily taken.
however and !. was the pre VAIL ,s.I III
| ned with the buying side When shorts
attempted to cover late in the day they
ket developed decided strength. closing
| with net gains o: about two cents. In
the local cash market No. yellow and
and freight New York.
| OATs-The market eased OF early on
| fears that business with the Last woulo
Arm with net gains OF IL TO lac. There
was an absence of pressure from the coun-
| try and the demand in the West was
| appar entity of sufficient volume TO take
| care OF the movement. Shipments from
! the seaboard we're larger and during the
| last two days clearances have aggregated
| more than 1000 900 bushels. Tho loca
cash market was Arm: standard quoted
at so to s0Ac,: No. white. sOl5c; No.
| white, 1914 TO soc; No. white. 1871 10
| 7ec Fancy clipped white, S6is 10 b3c.
ordinary clipped white. 70 to soc. al
| elevator.
| RNE-MariSet quiet: No. Western
$40, cost and freight New York.
BARLEY-Market steady; feeding. sl.ol
qlO6. and mailing. sll29l.lS. cost and
freight New York.
HAY-Markct weak; No. I, si.soB1i0
No. .. $l.l54l.:5; No. 2. si4llo.
BUCKWHEAT-Marke dull; sound mill.
ing, So. 80, cost and freight New York.
| CHICAGO PRICES