LOW WHEAT LEVEL
COLLAPSE AVERTED Reed. 10 a.m. WINNIPEG, Wed. Wheat broke on Wednesday to the lowest level in six years. May cargoes sold only 1 k cents above the dollar, but closed at 1 dollar 4 3-8 cents. Cash wheat reached 98 3-8 cents. MARKET RECOVERING Strong support, credited to the Farm Board and Eastern interests, brought the market back on a ‘fairly even keel when, it appeared that wheat prices were heading for a collapse. A majority of the losses sustained early in the session- were recovered before the close-out, but before the reaction set in July and September futures hit new low levels for the season. Wheat closed March, 1 dollar 51 cents;' May, 1 dollar 911 cents; July, 1 dollar 3 5-8 cents; September, 1 dollar 5 1-8 cents. A message from Washington says Senator Brookhart, Republican member for lowa, on Wednesday called upon the United States Farm Board to co-operate with the Canadian YVheat Pool in opposition of Britain, France and Italy. Pie believed a combination of the three European nations against the United States wheat growers was in operation.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300313.2.159
Bibliographic details
Ngā taipitopito pukapuka
Sun (Auckland), Volume III, Issue 920, 13 March 1930, Page 13
Word count
Tapeke kupu
185LOW WHEAT LEVEL Sun (Auckland), Volume III, Issue 920, 13 March 1930, Page 13
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in