STILL NO RAIN
AMERICAN DROUGHT MENACE CATTLE PURCHASE PROGRAMME WASHINGTON, July 2. With the Weather Bureau reporting no rains in the wheat areas and the existing showers barely extending to the extreme fringes of the drought section, the Secretary of Agriculture (Mr H. A. Wallace), from Duluth, wired to Washington for orders to develop immediately the cattle purchase programme and apply it to the States worst hit. A tentative allotment of 5,000,000, dollars has been made available, and the first purchases will begin within a few days. Mr Wallace has directed that the purchases be arranged so that they will not increase meat prices to the consumers. The meat is to be distributed in the relief centres. Hope is held out that rains within 10 or 15 days will obviate the necessity for an extensive application of the programme. WHEAT TRADING AFFECTED CHICAGO, July 2. Wheat trading halted abruptly in accordance with the regulations late to-day. United States and Canada had soared 5 cents a bushel since yesterday. Maize had also risen 4 cents. The usual rise in wheat was caused by the alarming extension of the drought from the United States spring wheat belt into Canada v BREAD PRICES LIKELY TO RISE CANADA’S STOCKS DIMINISHING. WINNIPEG. July 3. . (Received July 4, at 11.55 a.m.) The steadily-rising drought has driven wheat prices near to a point where an increase in bread prices is likely. Government,officials state that Europe and the United States are dipping deeply ' into Ganadafs storage stocks. Last week’s exports amounted to 6,0t)0,000 bushels. The surplus of 209,000,000 bushels a year ago had been reduced to 142,000,000 on June 26 last. Hot weather and drying winds and the absence of rain continue to reduce the crop prospects across the prairies.
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Evening Star, Issue 22382, 4 July 1936, Page 15
Word Count
292STILL NO RAIN Evening Star, Issue 22382, 4 July 1936, Page 15
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