New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-07-14
Seven Minnesota
Crops Are Valued
At $4S0,OoO,0O0
Northwestern Farmers Will
Be Heavy Fourth Liberty
Bond Buyers
ESPECIAL Correspondence Of The Tribune)

ESPECIAL Correspondence Of The Tribune)
MINNEAPOLIS, July 13.-The csti-
mated value Of the seven principal
crops Of Minnesota is S480,000,000 as
they stand in the fields. These are the
crops that make railroad tonnage and
nave market activity. The estimate Of
value is based upon basic prices in
Minneapolis, minus freight costs from
farm stations.
The crop situation in the Northwest
is so promising that it is expected here
that the government will assign for
sale in this region a liberal share of
the coming s6,OOO,O00,Ooo Liberty bond
issue. When the third Liberty Loan
was allotted by districts for subscrip-
tions sos, 100000 was assigned as the
minimum for the state group, includ-
ing Minnesota, North Dakota, South
Dakota, Montana, Northern Michigan
and Northern Wisconsin. These states
set 1925 100000 as their apportionment,
and actually raised $l80,00O,0OO. A
tail-ender when the first Liberty Loan
was subscribed, this district was at
the top Of the list, relatively, when the
third loan closed.
Not less than call for $210,000,000
from this district is expected when the
October loan is apportioned. Perhaps
an even larger amount will be asked
for to relieve any strain on New York,
Boston and Philadelphia, as the DIS
tricts that have always carried the
heaviest burden.
Montana should be lightly dealt with
when the allotment is known and ap-
portioned to Northwestern states, as
we'll as Western North Dakota, where
dry weather has reduced crops. Else
where in the district, especially in
Minnesota and South Dakota, crops are
abundant, sturdy and close to ma
turity. The rye harvest is already
under way, barley is about ready to
cut, as are oats. White wheat needs
ten days or two weeks only before 1T
will be ready for the reapers.
In New York S480,0O0,O00 may not be
looked upon as staggering sum, but,
nevertheless. it is huge amount for
a seasons harvest. This amount does
not represent the total income Of
Minnesota farmers 1t takes no account
of the dairy products, livestock, wool
and minor returns from farms.
On the production basis indicated
by the governments July production
estimates, the Minnesota corn crop will
represent 1852, 900; wheat, $146,
100000; oats, sS2,410,0O0; barley, $780,
100000; rye, $14,875, 900; potatoes, $685.
100000, and f1axseed, s9,545,0OO.
This crop, if realized, will be the
second largest in measured bushels and
the second largest in valuation. Last
years valuation ran up to S507, 185 900
on calculation, against which the above
compares, but this was due to higher
prices, production being heavier this
year in all these eight crops.
The wheat and oats crops of Mime
sofa alone probably will measure up
to the ninth districts October loan
apportionment. The Minnesota corn
and wheat crops would run away over
Everybody in the Northwest now is
asking what is an essential, since it is
decided that the non-essentials are to
be Disseminated against by bankers in
making loans. An automobile is by
no means necessarily non-essential
in this part of the country. Many au-
tomobiles are owned by farmers, to
whom they are SO valuable help in
farm economies that they amount to
ueceSSity