| OCR Text |
Show WHEAT 18 ONLY FOOD 'CROP WITH SURPLU8 TO , PERMIT OF EXPORTS Washington, Sept. 8. In wheat only will thoro bo an excess In tho country's food crops which might bo oxportod to assist In paying oft tho nation's European obligations duo to tho salo of American securities by forolgn holdors early In tho European, conflict. Department of agriculture reports today Indicated that this to to bo a short crop year in every other oth-er cereal. With the largest v hoat crop on record re-cord from present Indications 890,-000,000 890,-000,000 bushels, there is a prospect that approximately 300,000,000 busb; el might be available (or export. With wheat selling at more lhnn $1.10 a bushel this would cost "forelrn buyers buy-ers $330,000,000. It will be offset, however, by decreased taking! ot; 'American cotton abroad, Last year the United States e. pcited $54700,000 wojth of cotton, but from present Indications this year's exports will fall far below tha amount. , It is pointed out tbat-thercwlll be llttlo or no corn ottered, (or oxport beiuae of the,shortcrops. Last year, was also a short corn year" and a considerable con-siderable quantity of corn was Imported Import-ed as probably will bo the case this yer. |
