WHEAT SUPPLY

Hokitika Guardian, 2 December 1930, Page 6

WHEAT SUPPLY

CANADA’S EXPORTS. ENORMOUS; DECLINE. , United Prise Association— By Electric Telegraph—Copyright) WINNIPEG,. November 20; The Wheat Pool’s annual report states' that last year’s pool held 130 million bushels of wheat. The carry-> over on August. 31st was forty-three million bushels. The export sales totalled only fifty-six million -bushels, compared with 108 millions in the previqus 'year. Twenty-three million bushels -was conveyed to the United Kingdoms ■» compared , wjithv 35 millions in each of the two-preceding years. Tariffs had brought a -heavy decline in Canadian sales to Italy, Germany and France. The exports to the Orient were only four million bushels compared with 17 -million '.-bushels the previous year, due to the trouble in China, and the silver monetary troubles. The total the pool members delivered was over 119- bushels, ;y j - .TheGapadiau; Wheat r?ooFs export almost in half during' the year ending August 31st of this year.

The''annual report of the pool’s central selling agency reports that the past twelve months period lias been characterised as the most difficult y ear in the history of the pool. FRANCE A BUYER. NEW YORK, November 20. France will be substantially in the market for Canadian wheat this winter, so the Canadian Minister of Trade and Commerce, Mr Stevens, said, on his arrival from the Imperial Conference. He expressed the belief that arrangements had been made in France for the sale of Canadian wheat which Would last for several years. - RECORD MgENTINE CROPS. BUENOS AIRES, November 30. The world wide depression in wheat prices has removed Argentina’s prospects of regaining prosperity through her new; crops, which promise to be the greatest " ones 'oh recent years. The Government is preoccupied in at-tempting-financially to aid the farmers to harvest their crops, admitting that the country must have grain regardless of the loss or profit to the. growers.

Authoritative estimates place last year’s unfavourable balance of international payments against Argentina at seven hundred million pesos, with a similar unfavourable balance threatened this year. Farmers have already mortgaged their lands, buildings, machinery, tools,' and stock to the limit.