T2 of this country's most important farm: products, wheat and cotton, may virtually disappear from tHe port markets unless they are through léá$é-lerd activities, states Mr. J. H. Carmical in "The New York Times."
The sharp rise in recent weeks in these commodities, partly the result of governmental activities, has placed them farther from an export basis.
Wheat in Chicago is about 50 cents a bushel dearer than in Winnipeg when the difference in exchange rates' is taken into consideration. The Buenos Aires market shows an even greater difference.
Wheat iñ Bùeños Aires is selling' at the equivalent of 55 cents a bushel, or 15 cents less than a yt in Chicago wheat is. sus compared with 74 cents a year ago. only 4 cents a bushel a year ago be-Thus, while there was &difrerene tween Chicago and Buenos Aires, there now is a spread of 58 cents read the' United States will produce only enough cotton for its own requirements Prior tå 1933. when the control exported only about 10 per cent In Australia, another large wheat-cotton gro wu in that season and its exporting country, the. price of the grain has been fixed.at 3s a bushel, mari of business in the Below that export [about 56 cents, in at ports.
"While Australia is the least burdened by surplus supplies this season of the four principal surplus wheat-producing country for future exportation appear more unfavourable than at any time since the an war began because of the OF
Text read from the printed page and cleaned; old type leaves the occasional error.