Abstract

Editorials
October 8, 1930 issue

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Russians are charged with is an ordinary business operation, carried on daily by every big dealer in speculative commodities. The Russian government, which it must be remembered, monopolizes foreign trade, is exporting to other countries a considerable quantity of wheat, estimated at from 40,000,000 to as much as 100,000,000 bushels. Apparently anticipating a further fall in price, which has actually occurred, the Russian agency did exactly what any professional trader would have done, that is, sold short. It sold at the going price wheat that it did not have, expecting to be able before it was called on to make delivery to buy at a lower price the grain required to make good the contract.

See Also:

FARM produce; WHEAT; PRICES; GOVERNMENT policy; GRAIN; SOVIET Union
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