AMERICA'S WHEAT
. MARKET FLOODED. S.O.S. TO HENRY FORD. Australian and N.Z. Press Association, CHICAGO, July 18. (Received July 20, at 9.25 a.m.) Dua to the low levels in the price of wheat, which is now hovering around Idol a bushel, there is consternation among the farmers, who expect a bumper crop this year. A movement has been started among the grain interests in Chicago, which is the premier American wheat market, to induce persons of means throughout the country to buy wheat for future delivery in the hope of bolstering up the market and encouraging farmers. A publicity campaign has also been started to eat more bread and to buy flour. It is understood that the committee will visit Mr Henry Fond and ask him to purchase several million bushels of wheat, pointing out that his automobile distributing agencies depend upon the agricultural interests.
The large grain operations, while eager to support any movement, however artificial, that may strengthen the wheat market, admit that the position of wheat is hopeless for the present season till the supplies are depleted by the foreign demand.—A. and N.Z. Cable.
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Bibliographic details
Evening Star, Issue 18332, 20 July 1923, Page 6
Word Count
186AMERICA'S WHEAT Evening Star, Issue 18332, 20 July 1923, Page 6
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