CHEAPER BREAD?
THE SLUMP IN WHEAT
■ Australian Press Association. (Received 3rd June, 9 a.m.) - ;-..:.■',-.., LONDON, Ist June. The slump in wheat values has brought that commodity into the select group of articles which can be bought wholesale at pre-war prices. "The Investors' Chronicle" says:—"Belief that still lower prices will be reached is ■ undoubtedly encouraging the decline, ■for few-will buy when prices are falling. Reactions of low price for the - .world's chief staple food must prove important in due course and lead to a further cheapening of flour and of bread. Cheap wheat should certainly favour Europe as a whole and'will mean in'the coining autumn that the amount Europe has to pay to America for grain (an important factor influencing the sterling dollar exchange rate) will be smaller than has been usual in late years."
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Bibliographic details
Evening Post, Volume CVII, Issue 127, 3 June 1929, Page 12
Word Count
134CHEAPER BREAD? Evening Post, Volume CVII, Issue 127, 3 June 1929, Page 12
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