Jasper County Democrat, Volume 19, Number 61, Rensselaer, Jasper County, 28 October 1916 — ARGENTINE CROPS GOING UP [ARTICLE]

ARGENTINE CROPS GOING UP

Drought Has Caused Rapid Rise in All Products. Buenos Aires, October 25.—A drought that has damaged the Argentine wheat crop has boosted wheat prices here out of sight and has killed all chances that the United States may obtain relief from rising flour prices from Argentine shipments. Wheat sold at 15 pesos per 100 kilos yesterday, a new record on the Buenos Aires market. Experts say that a prolongation of the present drought for a fortnight will destroy three-fourths of the crop. Thousands of cattle are dying for lack of fodder.

Little wheat is shipped to the United States from Argentina. The Argentine surplus was sold largely to European countries which must make larger requisitions upon the United States, if the Argentine surplus is wiped out by the drought.