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The New Zealand Railways Magazine, Volume 4, Issue 12 (April 1, 1930)

To Hold or to Sell?

To Hold or to Sell?

News from oversea is still full of plans for regulated marketing, but the accompaniment of falling prices has not been silenced. The authority who said two years ago that prices had reached bottom was obviously wrong, and even to-day, probably, would not care to repeat his assurance, though the nearness of various staple commodities to pre-war price-level suggests that in some respects at any rate bedrock has been reached. In rubber, one of the earliest controls, they are still investigating in the East Indies with a view to improving the forecasts of production; what the bearing and to-come-into-bearing trees will be producing in three or four years time is a little known but vital factor in policy. President Hoover, who a few years ago was very censorious of British rubber control, is wondering how far he can help the American farmer to hold wheat against the rising tide of American unemployment. A guarantee of 4/- a bushel for wheat is promised to Australian growers by the Commonwealth Government. After some dubiety, British tin producers decided to continue to try to regulate output. Conversely, British creditors have secured from San Paulo (Brazil) a promise to liquidate coffee stocks, San Paulo having apparently forgotten that liquidation is coffee's proper destiny. San Paulo ranchers’ decision “to turn to wheat growing” may interest President Hoover.