SPECULATION IN FOOD.
STOCKS GOING TO RUIN.
EUROPE'S NEED FOR CREDIT. A. and N.Z. PARIS. Sept. 2. I Mr. H. C. Hoover, American Food Administrator in Europe, says that the high cost of living is largely due to intense speculation, food dealers in America and elsewhere cornering foodstuffs in order to make large profits owing to the anticipated demands from Germany, Austria, Hun- ■ gary, and other European Powers. Large stocks accumulated in EuroI pean ports were now in danger of ' spoiling owing to inability of the potential purchasers to obtain credit. It was imperative that the United States should extend to Europe credits of £600.000,000 in order to provide a market for the American food surplus. I
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Bibliographic details
New Zealand Herald, Volume LVI, Issue 17256, 4 September 1919, Page 7
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117SPECULATION IN FOOD. New Zealand Herald, Volume LVI, Issue 17256, 4 September 1919, Page 7
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