WHEAT FOR CHINA
PURCHASES IN AMERICA LONDON AGREEMENT BROKEN (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, March 13. (Received March 13, at 5.5 p.m.) Cable 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 in the Australian markets by selling eight shiploads of wheat to China on long-term credit. A complaint was made at the time that America had broken the London agreement, and a promise was given that the agreement would not he transgressed again. Now the New South Wales growers, with their 33,000,000 bushels in silos and stacks, find they have been underbid, and England and Europe, the only markets left, are already saturated with cheap grain.
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Bibliographic details
Otago Daily Times, Issue 22211, 14 March 1934, Page 7
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126WHEAT FOR CHINA Otago Daily Times, Issue 22211, 14 March 1934, Page 7
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