FRANCE: Cabinet Out

The French Government does not fix wheat prices, but from time to time the Ministry of Agriculture announces what wheat is worth, serves notice that if the price falls much below the announced figure the Government will: 1) up the tariff on foreign wheat; 2) reduce the legal proportion of foreign flour in French bread; or 3) cancel wheat import licenses. So successful has been this system that last week French farmers rejoiced in a price of $1.72 per bu. of wheat, while at Chicago the price hovered around 80¢ in Canada 57¢...

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