COMMERCIAL
WHEAT MARKET. (Rev. Oct. 15, 6.30 p.m.) LONDON Oot. 15
Tho Persistent sagging of Avlieat prices is disheartening traders, who see no signs of recovery. A writer in the Evening Standard, discussing the question, says Hint the position at the moment appears to be that the granaries are full, millers are amply stocked, and crops atne good, especially in Europe. As a result it is estimated that .Europe will require tc import only 257,000,000 bushels against 430,000,000 bushels lasl year, consequently Hie shipments from North America are becoming less. A statement that the United States Treasury lids allocated money to subsidise the export of 35,000,000 bushels to the Orient does not help matters much. It merely means that il corresponding amount of Australian wheat will be diverted from the Oriental to the European markets, bgt the principal adverse influence at the moment is the abundance of wheat available. The estimated surplus of exporting countries tor the season 1933-34. is' 916,000,000 bushels while the requirements of importers for the same period are estimated at not more than 552,000,0 CK) , hpsbelsV Tlioso figures explain the present apathy of the market.
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Gisborne Times, Volume LXXIII, Issue 12076, 16 October 1933, Page 4
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189COMMERCIAL Gisborne Times, Volume LXXIII, Issue 12076, 16 October 1933, Page 4
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