WHEAT PRICES
DEALINGS IN THE PIT. THE UNITED STATES MARKETS. ESTIMATES OF LOSSES. (United Press Association—Copyright.) (Received This Day, 9.25 a.m.) NEW YORK, March 20. The announcement that Government funds would be thrown into the breach to provide housing for the new crop three months hence, supported wheat future gains, despite the fact that millions of bushels of wheat are eating up storage charges in the middle and western elevators. Cable reports from Buenos Aires and Liverpool concerning higher prices helped to stabilise prices among traders who had been unnerved hv overnight news of great supplies throughout the wheat belt. Traders estimate that so far commission men and intermediaries have stood the brunt of the decline in prices of winter wheat, some estimates of losses running to £20,000,000. To-day it was reported that the recent. declines cost elevator men ' over £200,000 in Minnesota, and approximately £1,200,000 in North Dakota and Red River Valley (Minnesota). Tt is also reported that farmers are beginning to feel the pinch. The crop reporter estimates farmers’ losses so far at some £ SO,OOO.
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Bibliographic details
Ashburton Guardian, Volume 50, Issue 136, 21 March 1930, Page 5
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177WHEAT PRICES Ashburton Guardian, Volume 50, Issue 136, 21 March 1930, Page 5
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