FLOOD OF WHEAT
TO BRITISH MARKETS
NEW LOW RECORD RUSSIA’S DISTURBING INFLUENCE (United Press Association—By Electric Telegraph—Copyright) (Received 7th August, 8.30 a.m.) LONDON, (itli August. Commenting on wheat’s new low record, an authority on the London grain market states that prices are likely to continue downward. Wheat is being ollered from every quarter of the earth. Russia, however, is the biggest disturbing influence. Ilor crops are reputed to he larger than ever. There is no competitive buying, only competitive selling. Short of a crop disaster of the first magnitude or concerted Government action limit the dumping of the products of Russian slave labour, the present situation will continue.
EFFECT IN AMERICA (Received 7th August, 1.50 p.m.) NEW YORK, 6th August. Tho break in Liverpool prices brought wheat to a new all time low record. September is selling at 47J cents, December at 51§, March at 54g, and May at 56§.
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 7 August 1931, Page 5
Word Count
150FLOOD OF WHEAT Nelson Evening Mail, Volume LXIV, 7 August 1931, Page 5
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