Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-25
WHEAT ISBANNED
|. BY THREE NATIONS
Exports of Cereal Virtually
Prohibited by Italy, France
and Germany.
BIZ FRANK L WELLER,
Associated Press Y.nru. xattar

hsSoeiateo Press Farm Editor.
Three big importing countries Italy,
France and Germany-vfrtuaiiy have
closed their doors to not only American
wheat but to the bread grains of an
exporting countries.
It now Is required by law that Ital-
ians use SS per cent native wheat In
milling mixtures, French 90 per cent
and Germans 81 per cent. In additsoa.
Italy has increased the import duty on
wheat to SLOTS bushel and raised
the tariff to s5.25ss barrel on -four. ~
Although the elimination of these
markets Is in itself o blow 70 United
States wheat, the chief damage is that
IL throws the wheat Of other surplus
producing countries into Competition
with the native product on much mar
ROVER foreign market
Russian Surplus.
Almost any other country is better
able to stand the competition. Russia
with another 100. 900, 000-bushel export
surplus, has been Offering wheat in
Liverpool at SIX cents; Argentina,
56A cents; Australia, SIX cents, and
the United States. ssla cents, Mean
time Canada, producer of the best
wheat in the world, has been selling 30
close to United States prices that her
exports havs scared. considering the
natural limitations Of worldwide de-
preston. while domestic exports have
been very small
Russian offerings dominated the
world market last week at q total Of
4.472,000 bushels. 100000 of which
went to the United Kingdom-the best
purchaser OF foreign wheat.
O&haruvfan %hA wAmkta yfoNna has hamNa
bullish. and domestic wheat markets
held fairly steady. The weather Is said
10 be very bad for harvest in Denmark.
Norway and Sweden. In France, Ger
many and England the wet weather u
causing deterioration. The French es-
innate Of yield has been reduced almost
100000 bushels.
that 1t Is willing to negotiate with the
Chinese government on about 1900
coo bushels Of wheat On credit for flood
sufferers has helped the domestic mar
ket little. That, together with light
offerings Of Spring wheat and q firmer
foreign market was q strengthening fac
tor In offsetting the influence Of M
creased narketines Of Winter wheat.
Good quality hard Winter wheat brought
40 cents from millers at st. Louis.
Whereas receipts Of Winter wheat
totaled 7,740 cars. compared with 6.S33
q week ago and 4,766 cars q year aeo.
receipts Of Spring wheat at Minneapolis
and Duluth amounted to only ,664
cars. compared with 1877 cars at the
same time last year.
Decline I'm Corn.
Corn declined sharply under increased
country offerings brought about by the
generous prospects for an average crCD
Of new corn this Fall. Farmers re-
leased larger amounts Of remaining
supplies and the market broke into new
lows for the season. Demand remained
dun, with all classes of buyers takinR
only sufacient grain for immediate re-
quirements. Market stocks Increased To
more than 5000 900 bushels, compared
with less than 100000 In store O year
ago. Cash corn declined SIS Cents At
the principal markets and Sxnbemher
deliveries sold ~ cents undeR Decem-
Der.
The corn market has ssrieneed
steady declines, and q Teactsea Is over
Que on technical grounds alone. While
deferred deliveries refisct favorable
weather conditions, some reports indi-
cate q yield Of only 5 to IS bushels an
acre in poorer sections Of Iowa. BY ear
count IN several fields, however, the
yield promises 40 or more bushels an
acre. Rain would help little Ia south
ern lowland Iowa corn.
It Is q little too early TO tell much
about farmers intention 70 piart VIM
ter wheat, but indications seem to point
TO . reduction Of IS 70 IS per cent.
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