THE WHEAT POSITION.
TRADERS’ HEAVY LOSSES
U.S.A. GOVERNMENT AID.
FARMERS FEEL THE PINCH. United Press Assn. —Elec. Tel. —Copyright. NEW YORK. March 20. An announcement that Government funds would he thrown into the breach Lo provide housing for toe new crop three months hence has supporled wheat future gains despite the fact that millions of bushels of wheat are eaten up by storage charges in the Middle-Western elevators. _ Higher cable reports., from Buenos Aires and Liverpool helped to stabilise prices among the traders who had been unnerved by the 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 winter wheat, some estimates of the Josses running to £20,000,000. Today it was reported that recent declines had cost elevator men above £20.0,000 in Minnesota, and approximately £1,200,000 in North Dakota and Red Valley, Minnesota. It is also reported that farmers are beginning to feel the pinch. One report estimates farmers losses so far at some £BO,OOO.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WT19300322.2.82
Bibliographic details
Ngā taipitopito pukapuka
Waikato Times, Volume 107, Issue 17976, 22 March 1930, Page 9
Word count
Tapeke kupu
173THE WHEAT POSITION. Waikato Times, Volume 107, Issue 17976, 22 March 1930, Page 9
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Waikato Times. 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