Show Drop in Exports Affects Current Price of Wheat Wheal IL L I- I WASHINGTON AP Europe r Imported bushels less o of f wheat from North America between I August 1 and February 21 than luau she shedid hi 2 did in Ill the samo period a year ago of other views government gov gov- figures show a decrease in export trade sufficient to be listed among the tho chief factors contributing ing to the present wheat situation Sam R. R farm board member representing wheat Interests interests Inter inter- ests says lighter exports certainly aro Important among reasons for forthe the tho recent decline in domestic prices Last year bushels of North American wheat were exported export export- ed between August 1 and February 21 ThIs year only bushels bushels bush bush- els were exported World shipping was as but bushels as against a year ago Comparison of the tho figures shows that all except bushels of the slump In exports of the world were accounted for In North America The reasons aro numerous European Eu En- countries had larger sup supplies plies piles of bread grains at Itt home To protect their own farmers France Germany and Italy enacted laws requiring re requiring re- re quiring their millers to use a certain faIn tain per cent of native nativo grains In every pound of flour they produced To Insure compliance duties were elevated or restricted on Oil imports front from North America For the first time timo since the war Russia came Into the tho export market with from to bushels of wheat countries coun tries exported bushels moro more than a a. year ago Recently Australia anti and Argentina entered the export trade with new neV wheat crops which proved to be larger than anticipated In the tho meantime the stock of market wheat In the United States alone was bushels larger than last year Exports were only slightly less hess than a year ago but butIn In a great number of cases exporters export export- ers era accepted whatever price they could get after the tho grain was sa s afloat |