RUSSIA’S WHEAT

Hokitika Guardian, 25 September 1930, Page 5

RUSSIA’S WHEAT

■ MONEY FOR INBUSTHIALISM. . , (United Press Association.—By EJectne , -i ; Telegraph.—Copyright.] ' ■ LONDON, September 24. ' Commenting on the Baltic Wheat Exchange reports to the effect that numerous ships have been chartered for the Russian grain trade. “The Times” attributes the Soviet’s anxiety to swell its wheat exports to the enormous cost of carrying out its Five Year Plan for, the industrialisation of Russia. It is said that the only way of finding the necessary > money is by exporting the very things for which the Russians are strhing. , BRITISH WHEAT INTERESTS. WASHINGTON, September 24. News of the departure of the Canadian Premier, Mr Bennett, with the executives of the Canadian Wheat Pool ’and Canadian specialists in grain, lor ■ the Imperial Conference on Tuesday, was received here with great interest, 1 The assumption is that some arrangement jvill be made between the British Import Board and the wheat and flour producers of the Dominions which will not be for the of the exporter in the' United States. Some quarters see the beginning of a new world market structure, in which the British' Empire hnd every other wheat producing country will be n self--contained unit, growing only as much wheat a» might be used within its own boundaries, The Government of'ficials stated they were unable to comment.! : "

RUSSIAN WHEAT.

LONDON, September 24

There lias been a decided easing in the Russian wheat chartering to-day. A London grain report says:—A moderate decline in values during the week may be taken as a criterion of the actual position. The scare statements can he discounted. when the present outlook of supply ifi six million Russian quarters, which js , relatively insignificant compared with the pre-war aver rage of. twenty millions.