DECLINE IN PRICES

Dominion, Volume 14, Issue 23, 22 October 1920, Page 7

DECLINE IN PRICES

GREAT LOSS TO AMERICAN FARMERS

REDUCED VALUE OF WOOL *CLIP AND CORN CROP By Telesraph—Vrees Asnoolatlon—Oopyrisht - Washington, October 13. Speakers at a meeting of the American Bankers' Association that tho fanners of the United States were faced with a shrinkage in prices, as compared with the previous year, aggregating more than 2,500,000,000 dollars—nearly 17 per cent. This year's wool clip totalled 2o8.E!07,0001b., and at the prices prevailing in September, its value would be 183,000,000 dollars,' but, on the basis of the present prices it would bring only 73,000,000 ' dollars. The farmers also would lose a thousand million dollars in corn and 333,000,000 dollars in cotton,— Aus.-N.Z. Cable Assn. FINANCING~FOREIGN TRADE PROPOSED INTERNATIONAL CORPORATION. Washington, October 20. The Americali Bankers' Association Convention is considering the proposed orcanisation under its auspiccs of an international trading corporation, with ft capital of a hundred million dollars. The plans provide (or financing foreign trade, in co-operation with the merchants, manufacturers, exporters, and producers.—Aus.-N.Z. Cable Assn. CANADIAN SUGAR DEALERS FORCED TO COMPETE WITH AMERICAN REFINERS. Ottawa, October 20. The Canadian Government has permanently cancelled the order of the Board of Commerce, prohibiting the importa-1 tion of sugar, and' the stabilisation of prices. Canadian dealers will now be forced to compete with American refiners, who are selling at half the price, asked in the Dominion.—Aus.-N.Z. Cable Assn.