U.S.A. WHEAT
BIG SALE TO GERMANY. [BY CABLE—PRESS AB 8 N.—COPYRIGHT,] (Received September 12 10.30 aja.) WASHINGTON, September 11. The Farm Board announced that it ,has approved the sale of 7,500,000 bushels of stabilisation wheat to Deutsche Gfelreide Handelsgesellshaft. The purchase is based on the price of 491 cents a bushel, and consists of number two. amber durum, number one dark hard, and hard winter, to- be delivered at the average rate of 833,333 bushels monthly, with preference for American ships for fifty per ‘cent of the tonnage. Payment is to be made in New York in obligations bearing four and a-half per pent, ‘anteed interest, maturing December 31, 1934.
' Farm Board wheat sold since July 1 totals 47,500,000 bushels, which added to the sales through regular commercial channels means that the Board has disposed of nearly a hundred million bushels since January 1. 'The Stabilisation Corporations’ holdings are now estimated at under 200 million bushels, which, it is hoped, will be halved by further sales.
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Greymouth Evening Star, 12 September 1931, Page 7
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166U.S.A. WHEAT Greymouth Evening Star, 12 September 1931, Page 7
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