WHEAT CROP
A 3 IE RICAN REPORTS
United Press Association—By Electric Telegraph—Copyright;.
(Received this day at 10 a.m.) NEW YORK, March 20.
The announcement that Government funds would be thrown into the breach to provide housing for a new crop three months hence, supported wheat future grains, despite the fact that millions of bushels of wheat are eating up storage charges in middle western elevators. Higher cable reports from Buenos Aires and Liverpool helped to stabilise parties among traders, who had-been unnerved by tlva over:eight news of grant 1 supplies throughout the wheat belt. Traders 'estimate so far commission men and intermediaries have stood the brunt of the price decline of the winter. Some estimates of the losses are running to a hundred million dollurs To-day it was reported that recent declines cost elevator men above a million dollars in Minnesota, and approximately six millions in North Dakota, Red River Valley and 31innesota. It is also reported that farmers are beginning to feel the pinch. A crop reporter has estimated farmers losses so far at some four hundred thousand dollars.
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Hokitika Guardian, 21 March 1930, Page 5
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180WHEAT CROP Hokitika Guardian, 21 March 1930, Page 5
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