| Show ARGENTINE CORN LATEST MENACE first of Huge Shipments i 11 Arrives and d For Forecasts casts New NeY N ew I r- r Com Competition et tion for Farmers t t tt I t REE 1 LIST LIFTS BAR BARt t 1 J Absence sacs of Protection Likely to Be A Acutely Realized If 1 I Bourbons Keep Power S I Chicago o Nov 0 Argentine 5 Argentine 5 corn com Is shipped to Peoria ill the center f of or the corn belt bolt of ot the United States State This corn consigned to the Miller Uller K Grain company compan of ot Peoria f is the advance adanee ad- ad vance Mince shipment of oC vast invasion of or ArI Ar- Ar I corn products which will besold be FOId sold Eold in the United States In competition I tion with American corn The invasion K of ot Argentine corn Is made ber be- be r 1 cau cauSe e of ot the tho fact tact that under the UnI Underwood Un- Un I derwood tariff tart law tho the duty on corn f has been removed makIng unrestricted l competition ho possible sible This dumping of ot Argentine corn upon tho the Peoria market maret market mar mar- ket et has had ft n startling and dramatic effect and Is calling attention to the competition which tho the middle e west nest farmer turner will have havo to meet from the South American republic it I Is understood understood under under- stood t that t nearly a million n bushels of or I. I coin IL lias eLa Deen used user In Ill glucose Th Tha ho fact that th corn from the Ar Argentine Argentine Argen Argen- entIne en- en tine is being shipped Into the United States Stale at this time Is the more remarkable remark remark- able because ulle of or th the absence of or shipping ship- ship pin ping pine and the almost prohibit prohibit- e i ocean ocean trel freight ht rates I iye required for its Ita transportation Practically all the I shipping of ot the countr country Is being utilized utilIzed utilized util util- for Cor the transportation of or commerce between the tho American and the tho belligerent belligerent belligerent bellig bellig- erent nations of ot Europe The freight rates are arc 30 SO high that ships have ha been known to pa pay for themselves on one I i voyage I To ro Compete With United States State t S In spite of or these excessive freight i charges Argentine corn can be placed upon j-upon upon the American market at nl a a. price M It less for the reason that It has an adt advantage ad- ad t t vantage over American corn because it possessor possesses a n. lack of ot moisture of ot from tram i S to 10 cents per bushel over American LV r jr corn values y Dealers Deniers in the Argentine product are arc I r J f keenly interested in knowing whether hether I or not corn will be continued on tho the r free tree list It Is anticipated that If It it ret re- re t chains on the free list many millions of ot oft t s bushels of or Argentine Argentina corn will be used rot not only in Peoria Peorl but elsewhere and andl l t not only for manufacturing uses but for for lor commercial use as 15 well In Tary times the dealers sa say they can L k use Argentine rs corn at a cr very l ablo abie saving ln a over O the corn of Illinois l lows Iowa and other s states slates les in the corn belt helt In preparation for tor this tremendous 1 t traffic In corn that Is expected imi im- im r t mensa elevators are being being- Erected elected at f f New Orleans to handlo It C C. F 1 Stanford Stan Stan- ford superintendent of or public grain V elevators at tho the port of ot New ew Orleans Is sending out circular letters advising commercial of or tho ho capacity of ot elo already d built to handle this this product Mr Jr San Sanford ford writes The intent of ot this Is to advise you OU Of or of pur our facilities for tor handling Import f pain grain r In bulk With the possibility of at Importing Argentine Argentino corn I believe You You will find rind It greatly to your an ad age lV to look Jook into luto thIs matter The fact C that at wo we vo are equIpped to handle Import grain In hulk bulk will I believe belle mean n a siring saving of or several cents a n bushel over o tho the present method of handling in I I 3 J ir K M Sri t wi 4 Copt Capt Johann F. F IS Nielson I el son w r sacks At present wo we can unload from i vessels In bulk bushels per da day ten hours and will will add to this much additional capacity as the business Justifies These Immense preparations made to handle this tho Argentine J corn shipments indicate clearl clearly that It In Is not anticipated anticipated anticipated antici antici- the tho dut duty on corn will be revived and It also clearly Indicates the tremendous tremendous tremendous tre tre- extent of ot the shipments ex expected ex- ex I With a capacity of ot bushels bushels bushels bush bush- els per da day dav the facilities for handling are unlimited Munt Iut t Pace Face Competition The fact that l the tho shipments have begun bogun be begun bo- bo gun In s such uch largo large quantities before the European war has closed is a definite promise of ot what will happen alter after tho the war ar Kin King corn the chief product of or orthe the middle middle west will face competition for the tho first time Tho effect of ot this competition on prices when normal normol condItions conditions conditions con con- return following tho ho war will twill willbo bo be very marked Argentine Argentino farming conditions are re different from those of ot the United States The Argentine country countr is di divided divided dl- dl vided into larl largo o estates est farming on a largo scale The proprietors or of these farms Import American an machinery and operate the farms fauns with cheap labor imported from southern Europe It is tho the kind of oC competition the American farmer will bo ho unable to meet without a marl marked ed loss under American conditions conditions condi condi- Under tho the present tariff law the American farmer Carmor in the wheat section Is open to the tho competition of or both Canada and the Argentine Ars Tho The de demand demand Ie- Ie Iemand mand for foodstuffs In Europe during the war has preserved ed the wheat growing growing grow grow- rowing row row- ing sections from th the erects effects of ot this com competition pet III on With the close of or the war both the wheat and corn growing sections sec sec- sections will be he compelled to compote compete with the Argentine farmer whose capacity c for tor production is almost unlimited I I |
