[In the World War by Count Ottokar Czernin]@TWC D-Link bookIn the World War CHAPTER XII 34/122
The same applies to stocks of maize.
Against a supply of 1,138,000 bushels on March 1, 1916, we have for this year only 789,000 bushels. "The extraordinary scarcity of supplies is nearing the panic limit. The movement of prices during the last few weeks is simply fantastic. Maize, which was noted in Chicago at the beginning of January, 1917, at 95 cents, rose by the end of April to 127 cents, and by April 25 had risen further to 148 cents.
Wheat in New York, which stood at 871/4 cents in July, 1914, and by the beginning of 1917 had already risen to 1911/2 cents, rose at the beginning of April to 229 cents, and was noted at no less than 281 on April 2.
This is three and a half times the peace figure! In German currency at normal peace time exchange, these 281 cents represent about 440 marks per ton, or, at present rate of exchange for dollars, about 580 marks per ton. "That, then, is the state of affairs in the country which is to help England in the war of starvation criminally begun by itself! "In England no figures are now made public as to imports and stocks of grain.
I can, however, state as follows: "On the last date for which stocks were noted, January 13, 1917, England's visible stocks of wheat amounted to 5.3 million quarters, as against 6.3 and 5.9 million quarters in the two previous years.
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