“CROP SCARE MARKET”
INCIPIENT DROUGHT IN AMERICA
(United Press Association—By Electric Telegraph—Copyright)
(Received 20th June, 2 n.m.) WASHINGTON, 19th June. Taking cognisance of the incipient drought conditions, the Department of Agriculture to-day issued a special report calling attention to the decline in prospects for spring grains. The report noted the “critical conditions” in certain portions of the north-west, and pointed out that other large areas, particularly the south-east, were suffering lack of moisture. This was a departure from ordinary procedure, and did not contain any figures or forecasts. Crop wheat prices immediately soared four cents a bushel at Chicago and gained the limit of five cents in Kansas City and Minneapolis in a typical “crop scare market.” Winnipeg followed the leadership and gained two cents.
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Nelson Evening Mail, Volume LXX, 20 June 1936, Page 13
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125“CROP SCARE MARKET” Nelson Evening Mail, Volume LXX, 20 June 1936, Page 13
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