DROUGHT FORCES PRICES UP
UNPARALLELED LOSS OF CROPS. FARMERS PREPARE' FOR EXODUS. By Telegraph—Press Assn.—Copyright. Winnipeg, May 31. Continuation of the drought in Western Canada has sent wheat prices up by six cents a bushel, to-day s closing quotations being about 54 cents higher. Chicago also reports unparalleled crop losses as the result of the heat and drought. Prices have been increased 5 cents a bushel, the extreme advance permitted in the early trading of an enormous volume to-day. Trade advices said that all hope for a larger crop in many parts of the west and north-west of the United States have been abandoned and reports from Minnesota, North Dakota, South Dakota and Texas said that 1,000,000 cattle would be slaughtered to relieve farmers where feed shortages prevail. A Winnipeg cable says that along a 5-mile front in South-Eastern Alberta the drought, grasshoppers and soil-drift-ing have ruined all the crops. Farmers are preparing for a general exodus.
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Taranaki Daily News, 2 June 1934, Page 9
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157DROUGHT FORCES PRICES UP Taranaki Daily News, 2 June 1934, Page 9
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