WHEAT FIELDS NEAR RUIN
PRICES CREATE SEASON’S RECORD. BIG REDUCTION IN WORLD YIELD. By Telegraph—Press Assn. —Copyright. Winnipeg, July 15. Wheat fields in some sections of the prairie provinces are near ruin through lack of moisture. Wheat prices jumped 11 5-8 cents per bushel to-day establishing record levels for the present season. A Chicago report states that the continuance of drought and hot weather on the Canadian prairies forced wheat prices up nearly nine cents to-day. The United States Bureau of Agricultural Economics has announced that it believes there will be a reduction of 1,000,000 bushels in this year’s domestic wheat crop from that of last year, as indicated in the Federal estimates. This may nearly off-set the increase in the carry-over of old grain,. while the relatively low prices of wheat, together with the shortage of food grains in Europe, are stimulating the' movement of last year’s record supplies. ' "W
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Taranaki Daily News, 17 July 1929, Page 12
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151WHEAT FIELDS NEAR RUIN Taranaki Daily News, 17 July 1929, Page 12
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