WHEAT TRADE.

Manawatu Standard, Volume LIII, Issue 21, 21 December 1932, Page 7

WHEAT TRADE.

NATIONAL AGENCY DEMANDED. SASKATCHEWAN GROWERS’ STATEMENT. Received December 21, 12.40 p.m. REGINA (Saskatchewan), Dec. 20. In a, statement to-day the Saskatchewan wheat pool reiterates its request for a national Wheat Market Board. Between three and four million bushels of wheat belonging to western growers were sold under “stop loss” orders on Friday’s Winnipeg _ market. The statement said: “Such incidents as Friday’s market add further ftrength to the case for a national marketing agency to control the disposal of the entire Canadian wheat crop. Scores of meetings of wheat pool members in this province are adopting resolutions calling for the institution of a national marketing agency. They are convinced that the trading machinery has broken down and they are direct sufferers. At home the first step lies in a Dominion marketing agency, which would be vitally concerned in the international phase as well, and in this connection a movement is now on foot to call a conference of the major wheat exporting countries to seek co-ordinated policies upon all aspects of production, marketing and financing.” DULL MARKET OUTLOOK. LONDON, Dec. 20. The Daily Telegraph’s special cor respondent says that those in closest touch with the wheat trade see no prospect of a material rise in prices for some time, but if the war debts are liquidated there will be a revival, exchange restrictions will bo modified and one of the greatest obstacles will disappear. Whereas France, Germany and Italy imported 28,000,000 quarters in 1925, they will import only 7,000,000 in 1933. Britain’s overseas requirements, however, have increased from 27,000,000 to 32,000,000 since 1925.

SUPPLIES FOR NEW ZEALAND.

FURTHER CARGOES DUE.

WELLINGTON, Dec. 21. A consignment of wheat, 554$ tons in all, was brought by the Zealandia which arrived at Wellington yesterday from Sydney. The consignment consisted of 6770 sacks, 6570 of which are being loaded straight into trucks at the wharf for the uso of fiourmillers. Last week the Monowai unloaded 225 tons. Further cargoes for New Zealand are to be brought by the Kni•ranga, which is due at Auckland this morning with 4182 tons of wheat on board. The Kairanga will return to Australia immediately after discharge, and load at Geelong with another consignment for Auckland.