Report of Agricultural Commission to Europe. Observations Made By American Agriculturists in Great Britain, France, And Italy for the United States Department of Agriculture
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A. PEARSON. 23 The par value of one lire, according to the United States Director of the Mint, is 19.3 cents ; the exchange value of one lire on July 1, 1918, was 11.2 cents and on October 1, 1918, 15.75 cents. Through the Ministry of Supplies the Government buys all wheat, corn, barley, and rye. Through the Ministry of AVar it buys all of the oats and certain beans which are eaten by the people. Through the Ministry of Agriculture the Government buys seed potatoes. The entire potato crop is no...t taken because of its perishable nature. An official effort was made to limit the jjrice of potatoes, but this was not a success, because the farmers considered the price too low and they were unwilling to sell, and some of them even did not dig their crop. The interference with potato prices there was discontinued, excei)t that the Government intervenes if prices become too high at any point. The changes of prices of the principal crops is shown in the following table : Average Annual Prices. Products.
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