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Show URGES PLANTINS OF WHEAT GBQP Gram Expert Says Market Outlook for Year Is Bright in Reviewing Facts Grain ' top estimates of th' world; as forming 'he basis upon which Utah farmers must figure economic conditions condi-tions were detailed in a statement I made by B. I. slack of Ogden, before the Cereal' 'division of the L'tnh State Farm bureau convention The paper i prepared bs Mr. Black and which formed the Baals f the farmers' con- sideration of the present market condition condi-tion is givetl in full: As we arc poing to think In terms of i millioi-.s uf bushels, it will be well to fix clearly in our minds, just what a million Imsbi I - on .ins. A box capable of holding that uuan-I tity of wheal WOUld have to measure soo foot In length forty feet in height and eighty-five feel In width, or n total to-tal cubic capacity of 1275.000 feel ! In order to make any estimate of future market conditions, Jt is necessity neces-sity to un back to July 1. 1920, to get our bearings. V. Ill T S : 11 11 1 :s. Buah'eis On farms Julv 1. 1920 ... 47,.r.7C000 V. S. visible supply .... 2 1.034.000 In second hands G2. 343. 000 Total carryover 123.953,000 Winter wheat crop 50.513,000 (Govern men! Dec report) Spring wheat crop . 209. 365. 000 Government Dec. report). Total available supply requirements '.i23.s3i.000 1'. S Miead. 500.u00.000 I" S. Seed . . . 90,000.000 590,1100.000.000 Total available lor export ex-port 333.S31.000 Requirements of importing countries: r.ushels France -10.000.000 Italv . 88.0p0,000 Spain . . 12,000.000 L'nlted Kingdom 1 :ui.-in.i non UelKlum ...... 56.000.000 Eervla 10.000,000 Portugal . . i 5.000,000 Holland 20.000.000 Greece 10, 000. 000 Denmark 7.000.000 Switzerland 12 000.000 Sweden s, 000. 000 Germany 120.000.000 Total 584.000.000 Showing a world surplus of 127,- 000.000 bushels which Is also below the danger line. It must be borne in mind that wheat is a world wide proposition and the ' law of supply and demand around the I world regulates prices. In our own j country wheat is worth the price we can obtain for our exportable surplus and no more. v A.'uih has Ween said about Canadian 1 wheat;comlng Into our country and depressing de-pressing salues but If excluded by cm-b.:r.'i cm-b.:r.'i or larlff w.'iU it would go direct 1 to Europe via Canadian ports takinK I the place of just that much of our wheat abroad; the effect on values , would be the same. The main cause for present low prices is the financial stringency and the heavy discount on foreign exchange and it is only reasonable to believe I both these evils will diminish and as I the clouds lift, wheat values should reach a higher level. Lord Mllner. an English statistician, of note, is regarded as one of the best' authorities on wheat. VERY SAXRt V M :: Ji For years he has been urging all countries in Inert is- the! I nheat production pro-duction claiming the world's population popula-tion is increasing much faster thani is the production of breadstuffs he Is) rl ii "w have bi n gf d 1 1 vi go Q crops In the surplus 01 supplies fori : several years, but there Is no assumu-laUon assumu-laUon of supplies and should one of; these surplus countries fall to pro-; j duce a crop the world would be face 1 to face with starvation and want. Thai market outlook for the next crop of ; wheat Is very bright and it is to be hoped the spring planting will equal 'if not exceed that of last year; every b - del n can span will be wanted either in Europe or the Orient. 'ssfl Of other grains there Is UlHo to be rB said, we have raised a record crop of iJ corn; J.2:;2.307 uOO bushels ITncle Sam fsBBBBsB (n his December report which t bbbbB added to the carryover of 500.000.000 1 bushels makes total too large for jH ur minds to grasp: this has helped to ; depress the price of wheat. IbbbbbbbI Bushels Tints irop Is 1.524. 054. 000 Isfl Barley crop is 202.03 1. OO'i I mH Rye crop hi ii9.si8.o0" i nH Hay crop Is 108, 233.000 PH All of which is very much more than "H wc can immune in two years and un- :H less Europe buys of them freely there IH Is little hope of any marked advance in jf I their values. |