The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-03-10
ENGLAND ENTERS
WHEAT BUSINESS
ON LARGE SCALE
Entente Allies Buy Vast
Stocks of Cereal to Assure
Plenty for Their Armies
and Citizens.

London Great Britain and her ri
lies have -ou" into the wheat huSinos,
on "a very extensive scale. the govern
mcnts themselves uu,inu vast sto,.
OF wheat zoe. 600 tons "a Australia tt
"a cost of $4,000. 600. 100000 ton. m
Argentine at a cost - $50. 900. 900 and
the whole remaining crop OF pumaua,
~ Sjr.o"o 000-in an about tsG.uul..
700, probably the largest bulk oNpcnd-
itur" Tor wheat ever und,
TINS is q new govern.
m'nts buying Up the wheat supply. II
has e special interest to the Unt,i
states ioi Two reasons namely
flrst The rate OF American .N-
e. mango, which went 80 strongly against
england last tall. is dependent ,l
N'"ping down imports OF Amer, u
wheat, cotton fud other products. iu
ms way the balance ot trade VIII not
De SO heavily against ENGLAND - II
was lasi fan, the drain Of gold To- moot
mat hhlanoo VIII not be- $50 heavy. and
mo cN'hang" rat" viii remain stead,
'n' Of The highest officials of IN, gov
eminent told the Associated Pres.
whcn IA" rate ut cN,haug, crisi. n.-
rurr"d last tail that one of IN. sur,4t
ways 81 |stoadNlug the exchange Wt,
for England &C. stop buytnp wheat o..
the United states and hay o. nstu,u
IN Australia, canada ana elsewhere.
lie intlmatcd strongly. too. that tnip
would D." done md apparently 1t has
been done although IA. corn pNchann,
Il lio"ding the London press with pIcr
i"s as tu WIN these government pun
chase are made
second Irrespective of the cNohaug
rate, the guNcrumcnt pur, hu,o ut
wheat Disclose The tremendous wcnp
ON which IA, qutdruplc alilos possess
IA the control OF tina fundamental
product, As II Stands now. the
countries forming the quadruplo alb
dncc have an enormous stock of
wheat. about uuc-half uf IA, total
worlds crop cd 1919. the neutral
countries come next with about hllf
AZ much as 20, l%uadrupl, allies pos.
s"ss. ana the central powers conn. last
with a comparatively iusiguiIi,au
stock oi The -rrat fuod siupIo \
rough summdIs showing the wheat
holdings of tho various groups is as
follows
Quadruplc allies, S2S,I52 600 quar-.
tcrs. "A
Neutral countries. iss,ISl.O 600 quar-
tiers.
central powers %. i3s. 600 uutrt.fs
That is, the uuadruplc alliu- have
the bulk of th' worlds wheat supply
ana ar" huNlug up q good deal ui tho
share while the central
powers have about uno-sixth The SUP
ply of their %oppones.. with moo.
chance of buying from n,utrals ui
getting % delivered II hought.
The details uf wheat holding. ly
the two wal groups and by the nou.
trails can Do" approNimately Inquired
out from reports obtained ,hruull
IN" corn exchange. While aot ofn,UlI|
the figures tr, publishod in tn, lead
ing u!gans OF the c~Nchhng,. a. ,lu.-
lli"u from hI available sources. Ir.
'ludihs official iicirrangud accord
ihs I" groups .u the present WAT
i"r this is -irugglc between war
groups the s'nDNs of wheat IN
quarters ~ as fllluws
p%nadruplc allies France. $4,000
ooo, Algeria Iud Tunisia. 5.1oo o0o
I nitcd Kingdom. s.io0.0oO india
600 canada, a. Oss.yoo. Es,iiI
ana the cape T, zoo. 600. Australia.
% goo GOO Sew Zealand. IODo.O 600
ltaiN, ai,35o,ouu Russia. 1888 600. ooo
Japan 90 600, total, 523.4j2.p0H
uuartcrs
Neuirhls SPAN 1900. 900. portI-l
ehl 500 600 ltumania. I"l..5Uuuu
Greece. coo unn Holland. 1llO0n;
A.. 800 sweden. I.uoD- /
400, Denmark. $4,000 United,
i4GilU pup.' Mexico coo 1nG:
Argentina. 'iu"u 200: Chite. 1000 % Z
i'ruEupF. T. 0.1oo; Peru. 500
pcrsil 4 ,u0. 0O0 total tN9 .
lsl 200 quarters.
Central poNrls Germany, 2b.0c1. !