As usual, during the Summer dullness, the government crop forecasts provide an important factor in the financial news.
Since last month's report, the estimate of Winter wheat has been reduced by 18,000,000 bushels to 568,000,000 bushels—the lowest since 1913 excepting in the years 1916, 1917 and 1918.
On the other hand, the estimate for the corn crop has been increased 105,000,000 bushels to a total of 2,982,000,000 bushels, which is larger than the crops of 1914, 1916, 1918, 1919 and 1922, but smaller than those for 1915, 1917, 1920...
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