BETTING ON WHEAT.

Shannon News, 2 January 1925, Page 3

BETTING ON WHEAT.

MORE THRILLS THAN HORSES.

LONDON, Dec. 18. I "it is. widely Believed iA Britan l J dial six men, whose names can he given, eonuoi me \v?umi'S niuem, saiu Mrs EnuWden, wiien quesuuumg sir nernert Kouson, partner in i. sinyiii any. tu., grain anu noux merchants, of London and Liverpool, wiio appeared as a witness be.iore uie rood mnuiiission.

sir nerbert declared that the quantity on die world’s wheat was enormous, and its control would oe impossible. The money . neeued to nuance such control would be. coios&ai, wane geographical conditions made control unworkable. Only two corners m American wheat had ’Occiufred in 30 years. it would be impossible to* induce, ail Governments to agree to fix me price, thereby giving tiie growers security, mere were long periods, in whion mey sold at betow the cost ot production. (Middlemen’s profits m America and Canada were s.maii. Large quantities of wheat were transported moan the farms, to the soipside for a penny a bushel. Speculation in wheat in America, continued Sir Herbert, was as widespread as betting on horse racing m Britain. The liitboy in an American hotel asked about the wheat market, instead of the races, while, the chambermaid asked: “Shall 1 buy or selll” x The price of bread was higher in New York, Chicago, Montreal, and Toronto, than in Britain.