STATE ASSISTS WHEAT
GOVERNMENT FUNDS USED IN MIDDLE WEST United P.A. — By Telegraph—Copyright Reed. 10. 3 a.m. XEW YORK. T'.urs. The ar nouncement is made that Government funds will be thrown into the breach to provide housing for the new crop three months lienee despite the fact that millions of bushels of wheat arc eating up storage charges in the middle western elevators. Higher cable reports from Bueno? Aires and Liverpool helped to stabilise the prices among traders, who were unnerved by overnight news of great supplies throughout the wheat belt. Traders estimate that so far commission men and intermediaries have ■ stood the brunt of the price decline of the winter. Some estimates of the losses r in to £20,000,000. Today it was reported that recent declines cost the elevator men above £200,000 at Minnesota and proximately £1,200.000 in North Dakota. From the Red River Valley. Minnesota, it is also reported that farmers* are beginning to feel the pinch of the drop, a reporter estimating farmers ; losses so far at some £ 80,000.
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Sun (Auckland), Volume III, Issue 927, 21 March 1930, Page 12
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172STATE ASSISTS WHEAT Sun (Auckland), Volume III, Issue 927, 21 March 1930, Page 12
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