WHEAT MARKET

Hokitika Guardian, 23 September 1930, Page 5

WHEAT MARKET

RUSSIAN WHEAT. CUTTING OF PRICES. United Press Association— By Electri Telegraph—Copyright). (Received this day at 12 noon). LONDON, Sept. 22. Price cutting Russian wheat, according to a leading member of the uorn. ( exchange, knocked the cottom from the market to-day. He says:— “1 cannot remember such a terrible situation in the grain industry. Prices here in Liverpool are ridiculously low. This wheat, grown in Russia by Serfs, thus can bb marketed at a lower level than British Empire wheats. The Soviet lias a huge fleet of vossels directed wirelessly to the most favourable dumping ports.” Another* Baltic exchange expert says' Russians are offering grain at rates much less than our own half starved population give for it. ■ LONDON, Sept. 22.

Wheat cargoes generally show decline . oQifhi’eepence. Parcels are neglected . a-t .threepence lower. *

GOOD WHEAT YIELD

PERTH, Sept. 23

The Minister of Agriculture expects the wheat harvest to be fifty million bushels at an average of thirteen bushels per acre, which the State haw never previously reached.

WHEAT POOL

MELBOURNE, September 23

A proposal of the State Ministry to establish a compulsory wheat pool was rejected by wheat growers.