WHEAT SUPPLY

Hokitika Guardian, 15 July 1930, Page 3

WHEAT SUPPLY

N.Z. WHEAT DUTIES

TO BE MAINTAINED

(By Telegraph—Per Press Association

CHRISTCHURCH, July 14

A statement of , tlie Government’s attitude towards the question of the wheat duties was made this evening by the Prime Minister (Hon. G. W. Forbes). “A decision was reached at the last session of Parliament, following the report of the special commission set up to investigate' 'the [position” lie said. “By that decision the crop being sown at the present time is sown on "the understanding that the present position will be maintained.”

WHEAT SURPLUS'.

(Australian Press Assoetat.i«ii»)

SYDNEY, July ~14

It is officially stated that Australia has one million tons, of 1929-30 wheat still on hand. When the next new crop is harvested, the problem of the disposal of the wheat will become a very serious one, as the United States and the Argentine each have a superabundance of wheat, for which they are finding difficulty in securing profitable markets.

It is noiv quite possible that New South Wales and Victoria'will form a joint pool. Negotiations in that direction are probeeeding.

CRISIS IN UNITED STATES

! United Press Association.—By ElCetrie lelegrapn.—Copyright.)

WASHINGTON; July 13.

The wheat question is fast assuming tlie proportions of an important political problem, with the stalwart Republican province of Kansas in an uproar over the Farm Board’s failure to act in the face of the low prices, which give the farmer less ijlia.iL the cost -,of production; and with the' exertion of heavy pressure from within the Republican Party to get the Administration to spend a large amount of money so as to “peg” the wheat price up, in order to enable the farmers to obtain a profit on their present harvest. Senator Capper will ask President Hoover to have the Grain Stabilisation Corporation purchase one hundred million bushels of wheat immediately and to withhold it from, the market. Meanwhile the Congressional elections are approaching and the Democrats are pointing. to this alleged iri'jeffectivetoess of President Hoover’s farm relief policies. They are asserting that ‘‘ten years’ trial of Republican prosperity is enough.”