CANADIANS CALM

Sun (Auckland), Volume III, Issue 821, 15 November 1929, Page 11

CANADIANS CALM

REPORTS OF ARGENTINA WHEAT WIN “CRUDE PROPAGANDA” U'-ed. 11V3I p.m. WINNIPEG, Thursday River pool reports that the South American pool has beaten the Candying gasp of the London “bears.” Local traders assert that London admits every bushel of Canadian wheat is needed. Mr. George Mclvor, general sales j manager of the Canadian pool, declares that the claims for Argentina are pure Liverpool corn-trade propa- j ganda. He says the pool never re-! fused to sell grain or take part in j international trade. He scoffs at the ' idea that bargain-counter wheat will j continue to come in all the year, and ! asserts that the end of Argentine | wheat is definitely in sight. Another trader asserted: “They cannot go against the laws of supply and demand. Canadian wheat will be demanded. Farmers are going to secure the benefit of enhanced prices.! The British traders should know that I the Canadian pool has access to the most reliable world production and consumption figures in existence, and cannot he; stampeded hv crude pro- j paganda.” UNPRECEDENTED GLUT TEN FULL SHIPS HELD UP AT MERSEYSIDE LONDON. Wednesday. There is an unprecedented glut of grain m .England. Owing to ail enormous influx of wheat from Argentina the storage accommodation at Liverpool is full, and even overloaded. Ten ships are urtable to unload about j 1,000,000 quarters at the Merseyside | at present.