Evening Republican, Volume 21, Number 164, Rensselaer, Jasper County, 28 July 1917 — Wagner’s Weekly Review. [ARTICLE]

Wagner’s Weekly Review.

The weather throughout the grain belt the past week has, in the main, been favorable for the progress of the crops. —Some moisture has fallen in the southwest and the northwest where needed, but additional would be beneficial to those sections, as well as to parts of Nebraska and lowa. Some complaints are being received from Nebraska of droughty conditions damaging corn, but early rains can readily change the complexion of the situation in the sections mentioned. s Reports indicate that we haye raised a bumper crop of oats. Threshing returns are generally exceeding expectations. The new oats have not begun to come to market in quantity as yet. * , The foreign demand for grains has been hampered by the export embargo, there being more than 300,000 tons of foodstuffs consigned to Holland alone held in the New York harbor because of inability to obtain export licenses, and there is some fear that the boats will be obliged to unload their cargoes. There is uncertainty as to the length of time that distillers will be permitted to, operate. These interests have been large buyers of corn in recent weeks. Th stocks of old corn are light and the quantity used for distilling purposes is comparatively large. Advices from Argentine mention growing crops as having been favored with climatic conditions since seeding and all reports show highly favorable conditions obtain. An especially large yield of oats, is expected. CorTT arrivals are said to be moderate and quality poor. The Kansas state crop report makes the corn condition of that state 51.5 7fh in June and T 5 a year ago. The wheat crop is estimated at 45,250,000 bushels against 42,000,000 in June. However, these figures represent a lo§s of about 60,000,000 bushels as compared with the- final yield for Kansas last year. The news of Europe, we feel’, will be such as to readily absorb any surplus of foodstuffs that America may be ahle to produce, regardless of the size of crQps, and we therefore feel that corn, oats and provisions will continue a purchase on the declines?