Salt Lake Telegram | 1927-01-16 | Page 13 | The Sting of a Strike

t ti i r 1 H The Sting of a Strike I k l J HE sting of a t strike carries fa fir Besides S j i i local effects a strikes strike's s 's influence often 4 J l felt quarters remote from Its source An instance The maximum cost during the fall Jl r of 1926 of moving a bushel of wheat from New York to Liverpool was 24 cents In J former years the rates during the August August- iJ i November periods were much lower The F f- f reason reason The British coal strike was the I There was demand for ocean I ot reason great i t t tonnage to move coal into Great Britain Thus the action of the miners of the United 7 Kingdom resulted in a hi higher her cost for wheat and higher wheat means higher bread As a consequence of the falling off in shipments ts during that period stocks of wheat j ji piled up in warehouses in exporting countries l according to the food research institute of 1 Y Stanford university Importers looking ahead 2 it tow tow rd lower freight rates bought sparingly Europe drew more wheat from south south- ih eastern astern Europe than it ordinarily would But as a a. result of this situation farmers in Ameri Amer- Amer i a profited The United States tates marketed marketed V o early in 11 the su summer mer when prices were were fairly I Tue winter wheat crop which IS th early was j If A A decline in wheat prices is always the re result of a surplus But es here are fairly jJ secure secure because a large portIOn of our export S surplus was moved before December 1 These f are a few of the reasons why men sitting ii around o md a tickers ticker begin to get busy as soon as j 1 h res re's news of a strike be it t in Great Britain r J tor China hina A strike is felt a long vay