WHEAT PURCHASES
3.45 P.M. EDITION
CONSTERNATION IN AUSTRALIA
LONDON AGREEMENT BROKEN
(United Press Association —By Electric Telegraph—Copyright.) Received March 13, 1.40 p.m. SYDNEY, March 13.
Cabled advice from London announces that China has purchased large quantities of wheat from Argentina and the United States. The latter a few weeks ago caused consternation on the Australian market by selling eight ship-loads of wheat to China on long term credit. Complaint was made at the time that America had broken the London agreement, and a promise given that the agreement would not be transgressed again. Now, New South Wales growers, with 33,000,000 bushels in silos and stacks, find themselves underbid, and England and Europe, the only markets left, are already saturated with cheap grain.
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Bibliographic details
Manawatu Standard, Volume LIV, Issue 88, 13 March 1934, Page 2
Word Count
122WHEAT PURCHASES Manawatu Standard, Volume LIV, Issue 88, 13 March 1934, Page 2
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