EUROPEAN GRAIN SUPPLIES.

Dunstan Times, Issue 3138, 9 October 1922, Page 2

EUROPEAN GRAIN SUPPLIES.

Professor A. E, Taylor, who made a survey of agriculture in Europe m 1920-21 for the American Belief Administration, controverts the assertion of American grain operators that JMirope will be back in 1922 to almost normal production of grain. He says tnat nearly everyone overlooks one reason for the ability of Europe to limit importations of grain. It is that the average extraction" of flour from, wheat and rye was about 76 per cent., but now wheat and rye arc milled to So per cent, and 90 per cent. Fewer bread [Trains are required for food, but, on the other hand, domestic animals are deprived of a corresponding amount of mill food'. He declares that the purchasing power of wheat, which was high in Europe in 1921, has been falling even more rapidly than the purchasing power of wheat in the United States was rising. His view is that while prices will not advance to the war level, yet they will not recede to the pre-war stage.