Show brighter outlook now seen for corn market united states corn will meet less active competition in world markets this year because of prospective short supplies of argentine corn and the market reduction in the south african crop it Is expected by the bureau of agricultural economics the argentine corn crop Is forecast at bu nels aels against bushels produced in 1932 and the record harvest of bushels in 1931 stocks of old crop corn are low with supplies for export estimated at approximately bushels as of march 1 says the bureau shipments during march were about bushels 11 II e bureau says shipments during the next argentine corn crop season will have to be drawn principally from the new crop the quality of the crop Is reported as satisfactory al at though rain interrupted harvesting in some areas supplies of corn in the united states are reported as material ly greater thin than a year ago although farm consumption Is reported heavy |