U.S. WHEAT

Hokitika Guardian, 6 February 1931, Page 5

U.S. WHEAT

THE WHEAT SITUATION. (United Press Association —By Electric Telegrapii.—Copyright.; (Received 10.5 a.m.) WAiSHJNUTO'N, February G. Air Legge has wiitten a letter to .Governor Shaier. North Dakota saying: “We see no improvement m the situation so Jar as the export ot wheat is conierned. The financial conditions or Argentina and Australia may make it necessary for these.countries to sell their crops regardless of price. Russia has shipped practically four times the amount of her indicated exports of twenty million bushels.” He expressed surprise that in view of the fact, from August 1920 the visible supply of wheat showed a constant increase. The break did not come sootier and issued a warning there should he a reduction in production in the United States and so the present accumulation would be worked off gradually. The artificial maintenance of prices have been abandoned and the loss written off. Adjustment was left to the old time principle, of the survival of the fittest.

FEARS OF DROUGHT DAMAGE

WASHINGTON, February 5

The Chairman of the Federal Farm Board, Air Legge, to-day declared a shortage of wheat in United States was entirely possible if drought continues. Tim devastating unprecedented droftg** of 1930 persists. The report of the Department of Agriculture characterised the week ending AVednesdny . as one of the driest and warmest on re. cord this season. Lack of moisture in large areas, especially as it relates to the subsoil continues very acute, especially from Mississippi A’allcy eastwards over Ohio and Potomac drainage basins. Arkansas reports no rainfall of consequence. Oklahoma an important wheat State reports no rain and soil moisture is short... Tennessee is dry. but Kentucky had light showers. Aluch of tTie winter wheat belt is without the protecting cover of snow, yet the Department said the winter wheat was holding up remarkably well.