FARM AND DAIRY.
AMERICAN PRODUCE SLUMP. LOSING FOREIGN MARKET. Tlu* prices of American primary produce are slumping badly, and the average American is realising that the keeping of the "almighty dollar" so "almighty high'' in the currency,family is not bringing the financial world to heel, but is insteadwe-acting liadlv on their own industries. In eil'eet, the foreign market is slipping away. "Whilst the war was on America could do practically as she willeij. Now that other cmmtries arc getting on their feet that Condition of affairs is rapidly altering. An article, in the New York Herald of October tith shows the sensational drop in the principal lines of primary produce. December wheat is quoted at 3s a bushel down on a of Bs. Corn is quoted down about half —from (is fid to 3s fid—whilst, cotton is at lOd, as against Is Sd some time ago. The fall in wheat commenced when it was announced that Britain would not, be a buyer. Evidently the Canadian 'crop, and the big surpluses in Australia and India rendered recourse to Chicago unnecessary, and as the United Kingdom is one of the few countries that so far can deal in cash, the drop set in. The movement, however, has been accentuated by the big yields in the States this vi ar.
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Taranaki Daily News, 31 December 1920, Page 8
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217FARM AND DAIRY. Taranaki Daily News, 31 December 1920, Page 8
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