AMERICAN CABLE NEWS
(Australian & N.Z. Cable Association.] WHEAT CONFERENCE. NEW YORK. .May o. While delegates at the wheat tunic mice at Kansas City have not decided what form of co-operation will be sought all are confident some means will be found, whereby the inteiests of units may be combined into a. whole. Some plan whereby farmers in one country may be protected in bad veal's will be outlined. One member expressed the opinion that agreements would be worked out for no national place to export wheat for sale in another country at the time the latter ntis harvesting its crop. A meeting of nine United States pools, (cabled yesterday) resulted in a proposal for combining into one national pool, following the Canadian plan, which would own the principal grain elevators of the country am! handle the hulk of the United States wheat crop. Russian delegates want to establish contracts with other great wheat pools of tiic world to protect agricultural interests through the combination. Saul Broil (chairman) stated the Russians were interested in the same principles sought by ( auadiaii. Australian and American wheat growers, namely .stabilisation of market and elimination of speculation at the expense of farmers. The Russian co-operative system was different Irian other-, because it bail a. monopoly of the export of all grains repre.M'iiting six and a ball million Russian farms, Soviet was now exporting only thirty per cent of the pre-war total, although Russian wheat was grown cheaper than in other countries, the cost of production being an average of sixty cents per bushel.
wheat pool. (Received this day at 9.30 a.in.l NEW YORK, May (i. The wheat pool conference at Kansas City entered the second day with pledges of <*o-iiiicruti.Jti in the world marketing plan to stabilise prices. Russian. American, Australian and C anadian representatives, and some delegates advocated a great world pool. President Burnell, of Manitoba pool. urged tho perfection of 00-opora-live organisation in each country to operate in eoujunel ion.
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Hokitika Guardian, 7 May 1927, Page 3
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327AMERICAN CABLE NEWS Hokitika Guardian, 7 May 1927, Page 3
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