Salt Lake Tribune | 1919-07-28 | Page 6 | Wheat Crop

pert of a Inw value. Cheaper bread 'Iocs not loom h something to be ex pc.tcd in anything like the immediate future, but it i still pon-siMr. WHEAT CROP. ' With a loss in tho American wheat crop yield of possibly 300,000,000' bushels bush-els from the early prediction and 100,-000,000 100,-000,000 bushels or more in oats, together to-gether with a cutting down of rye and barley estimates, there has been an unprecedented un-precedented reduction in crop promises. prom-ises. The losses in wheat are sensational. sensa-tional. Kansas, which had a promise of 229,000,000 bushels a month ago, has 133,000,000 bushels, or a loss of 70,000,-000 70,000,-000 bushels in a month, according to the state report issued on Saturday. It is the greatest reduction ever mado from the early estimates in any state. It will be no surprise to see the final returns on all wheat around 1,050,000,-000 1,050,000,-000 bushels, or about 23,000,000 more than the record crop in 1915. This will make it easier for the government to handle the crop, and no uneasiness is felt as to the outcome. Conditions abroad havo changed, and estimates on the world's wheat production produc-tion have been reduced somewhat, although al-though it is too early to make definite figures. Estimates on Europe 's requirements re-quirements range from 530,000,000 to 750,000,000 bushels, which can be supplied sup-plied without any hardship by the leading lead-ing wheat producing countries, as all have a surplus. There has been a readjustment of Rtain values the world over and prices in Argentina, which have been the lowest, low-est, have about doubled, especiallv in cotn, within a short time, due to competition com-petition between foreign buyers and speculators. The whole food situation of tho world has been changed, and a return to low values is not to be expected until there is an excess of production and the cost of the latter is greatly decreased. With speculation iu farm lands and high cost of labor and everything the producers pro-ducers havo to tiuy, there is no pros-