WHEAT FIGHT

Evening Post, Volume CIX, Issue 45, 22 February 1930, Page 12

WHEAT FIGHT

CANADIAN HOLDERS YIELD United Press Association— By Electric Tele' erapb—Copyright. (Received 22nd February, 9.30 a.m.) WINNIPEG, 21st February. After a valiant battle against the de dine in the price of wheat the marks closed at 2 1, i cents to 2 5-8 cents dowi on Thursday's closing rate. (Received 22nd February, 10 a.m.) • NEW YORK, 21st February. •Wheat closed with sharp losses in al North American markets, with, both loca and foreign news generally discouraging Chicago prices were affected, especiall; by the Winnipeg news, and traders watch ed that market, expecting a further shar] break at any time. The local situation ii indicated by the fact, that prices are nov 50 5-8 cents lower than at last' July, and ! cents under the figure at which the mar ket stood when the United States Farn Board. organised its stabilisation corpora tion. .... . To-day's local wheat movements an jharacterised by extremely heavy short :overing v which brought back the marke several times, after the selling wave ha( "orced new low figures. But wore sellim ippeared.whenever the market threatenec io move above its previous closing rate (Received 22nd February,' 10.15 a.m.) '.'.. CHICAGO, 21st February.' The Chicago forward wheat marke luotes:—March. 1 dollar' 8% cents; May L dollar 13 1-f cents;: July, 1 dollar 1; :ents; September, 1 dollar 17 cents. BRADFORD TOPS WEAK. ■ • LONDON, 20th February. In the- Bradford tops market, Merinoi tre lowland .crossbreds are quiet. Then s a limited inquiry for fine crossbreds )urrent quotations compare as follow wit! hose,p'revibusly cabled:— : ' ■• 13th Feb. 20th Feb ■ •■•.'■ per lb perlb d. d. Sixty-fours 29 28 I,£ .Sixties 27 27 . .Fifty-sixes !>2 21 Fifties 18 18 Forty-sixes 15Vz 15^ . ' Forties ......... 15% 15 MEAT TRADE WITH CANADA. ■ ■' - OTTAWA, 20th February. -T.be Australian trade treaty, the pro sions of which extend to New Zealand ill be under fire before the Tariff Ad sory Board on 12th. March. The South n Alberta sheep breeders will ask, for ■ storation of the duties on importec eats to the basis which obtained befon c negotiation of the treaty. PRICE OF J.AMB DOWN. Messrs. Dalgety and Co. are advised" b; blefrom London _ to-day:—"Lamb, l! ir ib lower owing to quantity available rived, and afloat." Messrs. Levin and Co., Ltd., have re ivedithe following cablefrom their Lot >n -agents, dated 21st February:—Froze] eat quotations (prices on a "delivered1 sis, i.e., including storage charges, car( c, market tolls, etc.): North Island dowi nbs> 28-3Glb 10 7-8 d per lb, 36-421b 1 !d; best North Island crossbred lambs •361b 10 5-Bd, 36421b 10 5-8 d; Nortl land second quality lambs, lOd. Nortl land wethers and ewes, none offering jw Zealand prime ox beef, none offer ;. As compared with last week's quota ins, North Island down lambs unde Ib are 5-8 d per lb lower. Best Nortl land lambs, 28 to 361b, are 5-8 d per 11 vev; 36 to 421b, 5-8 d per lb lower. Laml irket very weak. Demand showing m provement. Sudden fall due to seller *cinq market. '■ Mutton fair demand ;her prices being very irregular. CORSET ENTERPRISE. In announcing declaration of the usua terim dividend of 10 per cent, on* or mary and 8 per cent, on the cumulativ< reference shares for the half-year endec Ist December, 1929, Mr. A. Burley, man ger and secretary of Berlei," Ltd., Syd ey and Melbourne, statea that profiti aye been fully maintained, and increas lg interest is shown in the company'! roductions. The dividends will,, be pay ble on Ist March, and the share registe) ■ill be closed from the 21st instant t( ■d March. Berlei (N.Z.), Ltd., has hac nother record year in sales and net pro ts, and has declared the usual 10 pel mt. dividend. Good progress has beei lade in London with the British pro :ct. Berlei, Ltd., is now registered ir ngland as a foreign, company, with its SEces and salesrooms in fashionable Lon an, and its factory at Slough, near Wind >r, where production of Berlei garments is begun. Substantial offers of capita! ir the British company (Berlei, U.K., td) have been received in Australia and i England, but Mr. F, R. Burley, managig director, who is now in London, states ■at he will not proceed to flotation un--1 the business is in full working order id the Berlei line ready for presentation i the trade and public. ORGANISED BUYING. Australian provision merchants have reived advice that a new company has :en formed in London for organised buyg on behalf of concerns controlling numirs of chain stores, and are now await-