COMMODITIES: Argentine Corn

The U.S. Government, long faced with the acute and dangerous feed-grain shortage, acted last week. The nation needed corn, until the 1944 U.S. crop ripens. And Argentina held the only big surplus stock of corn in the world.

The War Shipping Administration allocated ships to pick up 150,000 tons of Argentine corn for August delivery to U.S. dairymen on the eastern seaboard. Additional monthly corn imports will continue until November. By then the War Food

Administration hopes that Midwest farmers will sell enough corn from their 1944 crop to enable livestock raisers to secure adequate stocks of feed for the winter months.