THE WHEAT INDUSTRY
LOW LEVEL OF PRICES. ARGENTINA’S PROSPECTS. (United Press Association.) (By Electric Telegraph—Copyright.) BUENOS AIRES, November 30. (Received Dec. 1, at 10 p.m.) Tho world-wide depression in wheat prices has removed Argentina’s prospects of regaining prosperity through hei new crops, which promise to be ne greatest of recent years. The Government is preoccupied in attempting financially to aid farmers to harvest their crops, admitting that the country must have grain regardless of loss or profit to the growers. Authoritative estimates place last year’s unfavourable balance of international payments against Argentina at 700,000,000 pesos, with a similar unfavourable balance threatening this year. Farmers have already mortgaged their lands, buildings, machinery, tools, and stock to the limit.
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Otago Daily Times, Issue 21198, 2 December 1930, Page 10
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117THE WHEAT INDUSTRY Otago Daily Times, Issue 21198, 2 December 1930, Page 10
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