WHEAT SURPLUS
POSSIBILITIES OF ORIENT MARKET
(United Press Association—By Electric Telegraph—Copyright) (Received Bth January, 10.10 a.m.) \ WINNIPEG, 7th January. ;; “With wheat at ruinously low levels no alarm should be felt if a huge carryover exists at the end of July,” stated Mr J. I. McFarland, manager of the wheat pool. Present stocks were 217,000,000, Mr McFarland added. Undoubtedly the Argentine and Australia were holding the same views of the three prairie provinces, with perhaps British Coumbia, in sending a three-man delegation early in the spring to the Orient in an attempt to sell wheat. ACTIVITY IN CORN (Received Bth January, 10.10 a.m.) NEW YORK, 7th January. A Chicago message states that corn lias been formally recognised as a grain trade leader. Beginning on Monday the wheat business will be transferred to the pit heretofore used for corn, and corn to the wheat pit. Corn of late has shown decidedly greater activity than wheat.
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 8 January 1931, Page 5
Word Count
153WHEAT SURPLUS Nelson Evening Mail, Volume LXIV, 8 January 1931, Page 5
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