FORTUNES VANISH IN SUDDEN SLUMP
WHEAT SPECULATORS’ LOSSES
LONDON, April 17.
The fortunes made by wheat speculators in Liverpool vanished in a sudden slump, says The Sunday Dispatch in recording a decrease of 1/- a cental on the Liverpool corn exchange, within 24 hours.
The newspaper People says that secrets are beginning to leak out showing that the hoisting of prices in the last six months was one of the biggest ramps ever brought about. Prices were forced up on rumours of a coming wheat famine. Now the crop reports show that the American and Australian harvests are likely to be 1,000,000 bushels better than last year.
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Southland Times, Issue 23178, 20 April 1937, Page 7
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107FORTUNES VANISH IN SUDDEN SLUMP Southland Times, Issue 23178, 20 April 1937, Page 7
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