Show EUROPE MUST BUY ARGENTINE GRAIN CROP BUENOS DUENOS AIRES Nov 24 By 24 By A. A I P- P The P.-The The tendency t of exchange makes it probable that the wheat importing nations of or Europe will find It more advantageous to pu pur purchase chase their wheat in Argentina than in the United l Sta States es or Canada says saysa S 'S Sa a report prepared for the ministry of ot agriculture by Leon Estabrook formerly of the American department department department depart depart- ment of agriculture who came carne Here some months ago to reorganize the Argentine Argentino crop reporting system I 1 Mr II Estabrook points to various arlous I I factors In the world wheat situation which he loo says should tend to help i 1 Argentina and referring to the I I United States says that on account of farm labor conditions the r relatively relatively rela rela- la- la I high cost of oC production and I Ithe I the discontent of or the farmer with I I prices price the area sown with winter i I wheat In that country during the the I I coming autumn may be considerably 1 re reduced When the time lime arrives for harvesting har har- I vesting and selling the Argentine wheat crop at the beginning of 1924 the report adds a great part I f of the 1923 crop of the western nations na nations na- na of oC Europe will have been consumed consumed con con- na-I na and consequently they will willbe willbe willbe be obliged to buy wheat of ot the new I I Argentine and Aus Australia crops which will tend even more to increase in increase in- in crease prices prices- in-I in The Tine United St States tR Mr Estabrook Estabrook Esta- Esta brook says cannot produce wheat j I at at prices at-prices prices as low lov as Argentina and it appears probable able ble that the production production tion of the former country countr will the he prewar n I gradually decline to prewar level At the same time Lime the i j lation of the tale United States Is increasing Increasing Increasing In- In creasing at it the rate of i i souls a year Ear and this increase is I almost entirely confined to the cit lea ies The file Inevitable able result of this increase will be the reduction of the I that the competition com com- exportable surplus so cony petition of the United Unite States with I Argentina in the world wheat t market market mar mar- I ket will gradually gradually- diminish mar mar-I I |