AMERICAN WHEAT

Hawera & Normanby Star, Volume LXXXI, Issue LXXXI, 15 May 1920, Page 9

AMERICAN WHEAT

A SERIOUS POSITION.

Br CAIVS-PAE33 ASSOCIATION—COPTKIGHT (Received May 15, 10.45 a.m.) NEW YORK, May 14. A serious outcome is anticipated as ■the result of the expiration of the wheat price guarantee, consequent on the withdrawal of the United States Government from the wheat market on June 1. The wheat director <Mr Bales) suggests that the remedy is for the United States Grain Corporation to make a loan to the grain dealers and bankers out of the £1,000,000,000 wheat guarantee fund, which is virtually untouched, enabling them to handle the new crop during the defay in-realising on the old crop owing to the grave shortage.