SHORT CROPS
AMERICAN PRICES SOAR
United Press Association — By Electric Tele-
craph—Conyriuht.
CHICAGO, July 29.
Grain markets soared again today, and in the broadest, buying movement which has been experienced for some time wheat futures gained four cents.
The continued lowering of estimates for the Canadian wheat crop has apparently created alarm in importing countries in Europe. Between 7,000,000 and 8,000,000 bushels are said to haye been taken for export at Winnipeg in the last three days.
In the, meantime the United States Bureau of Agricultural Economics indicated that world production of durum wheat is expected to be the smallest for years, and with much spring wheat in the United States burned out, Mr. H. A. Wallace, Secretary of Agriculture, indicated that about 20,000,000 bushels might be imported this year.
The maize crop is expected to be the smallest since 1881.
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Bibliographic details
Evening Post, Volume CXXII, Issue 27, 31 July 1936, Page 12
Word Count
141SHORT CROPS Evening Post, Volume CXXII, Issue 27, 31 July 1936, Page 12
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