GOLDEN GRAIN
ENORMOUS CROP FORESHADOWED BRIGHT PROSPECTS OF AMERICAN AND CANADIAN WHEAT YIELDS. Received July 12,. 8.5. p.m. NEW YORK, July 11. Chicago reports that advices from all parts of the United States and Canada predict an enormous wheat harvest. A RUSH TO SELL. WHEAT SELLING BELOW COST OF PRODUCTION. Received July 12, 10.15 p.m. NEW YORK, only 11. The great harvest prospects in the United States and Canadian wheat belts have caused a rush to sell, whicii has driven the new wheat down to a dollar a bushel. Wheat is selling at 99 % cents, which is said to be below the cost of production. July prices later slumped to 99 1-8 and September to 98, but heavy foreign buying is expected to aid a recovery.
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Bibliographic details
Wanganui Chronicle, Volume LXXXI, Issue 18823, 13 July 1923, Page 5
Word Count
126GOLDEN GRAIN Wanganui Chronicle, Volume LXXXI, Issue 18823, 13 July 1923, Page 5
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