AMERICAN WHEAT SUPPLIES.

Auckland Star, Volume L, Issue 125, 27 May 1919, Page 10

AMERICAN WHEAT SUPPLIES.

BIG SURPLUS FOB EXPORT. According to the "American Exporter," the wheat crop of 101S-10 hi the United States amounted to OlT.ijoo.ouo bushels. The article states further that, allowing lor exports up to April last, requirements for home consumption, and seeding requirements, there should he an estimated surplus of l.Jl.OckuxJO bushel*. Estimates of the new wheat crop run as hijfh as 1.200,000,000 bushels, and with the carryover ft is doubtful if much more than half of that can be consumed. The way In wuich the trade of the United States is fostered maj- be gathered from the following paragraph:—"The requirements for meats, for instance, will be so great that everrttuug which this country ran produce will be needed abroad and it is hinted, therefore, that foreign buyers, when taking Ajjpriran provisions, must agree to take a certain amount of wheat at the same time." An international committee, consisting of -_"<> bankers iten American, five British and nve Frenchi. has been formed for the I purpose of protecting holders of Mexican securities of all kinds. This has been con- ! sfituted for the purpose of protecting the holders of securities of the Mexican Republic nuil the various railway systems, as well as other enterprises there." Especial care has heeu take as to the composition of This committee upon a broad international l.asis, so as thereby to insure so far as may iJe joint and united action by security holders in all three countries concerned — namely, the United Ftates, Great Britain and Irranre. It is. however, definitely srated that the committee has no police power behind it. It may !,e explained that lDi-res: has not been paid on the loan for S.me years, added t,i which much rnilrjaJ property h.-is been destroyed, and will nave I t.j be r.-ijiiiit.