THE WORLD'S WHEAT

Hokitika Guardian, 13 December 1930, Page 5

THE WORLD'S WHEAT

WHEAT BILL.

(Australian Press Association.)

CANBERRA, December 12.

In the. Federal House of Representatives, in moving the second leading of the Bill to provide for an advance of three shillings per bushel f.o.b. to the wheat growers, the Assistant Minister of Markets said that the Commonwealth Bank should be asked to finance the scheme through co-opera-tive pools. The guaranteed price would be slightly above t,.e parity, and there was , every chain e of the world price of wheat improving. He estimates that-the loss, assuming the f.o.b. price remained approximately at 2s 6d per bushel, would be £4,125.000. He expected the 'Australian harvest would be‘ two hundred million bushels and that the exportable surplus would be one hundred and fifty million bushels. '

BRITISH HARVEST SMALLER. LONDON, December 12. The Ministry of Agriculture reports the harvest of 1930 is- unsatisfactory. That- of wheat is 21,404,000 cwt. or a reduction'of four million cwt. WHEAT USED AS FUEL. CHEAPER. THAN COAL. NEW YORK, Decern her 11. It is reported that residents of Newpence in the State of Idaho, which is located iri. the centre of the wheat region, are now burning. Valent for fuel, since they are able to obtain it delivered to their bins for nine dollars per ton, while coal costs sixteen and a-half dollars per ton, and wood is ten dollars per cord. Wheat is said to produce an even heat and it holds fire as long as coal.