TENSE WHEAT SITUATION
(Received 2nd December, 12.45 p.m.) LONDON, Ist Dece7nber. Wheat cargoes are quiet, but unchanged. Parcels are in small request. Futures: London, December, 22s 5d per- quarter; February, 22s Bd. Liverpool: December, 4s 9s per cental; March, 5s o%d; May, 5s 2%d. ■ "'BUENOS"AIRES, 30tli November. The world-wide depression in wheat prices has removed the Argentine's prospects ofj regaining her prosperity through the new crops, which promise -to be the greatest of. recent years. The Government, is. preoccupied in attempting financially to aid farmers to harvest the crops, admitting that the country must have grain regardless of loss or profit to the growers. Authoritative estimates place last year's unfavourable balance of international payments against the Ai'gentine at 700,000,000 pesos, with a similar unfavourable balance threatened this year. Farmers have already mortgaged their lands, buildings, machinery, tools, and stock to the limit.
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Bibliographic details
Evening Post, Volume CX, Issue 132, 2 December 1930, Page 14
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142TENSE WHEAT SITUATION Evening Post, Volume CX, Issue 132, 2 December 1930, Page 14
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