NEXT YEAR'S WHEAT.

Press, Volume LXVII, Issue 20308, 6 August 1931, Page 15

NEXT YEAR'S WHEAT.

i. •• ~ I SOLVING SERIOUS I PROBLEM. I .4:,r ; WHEAT POOL AND ,ij MILLERS. li tt n by MB mulholland. I present so serious, indeed, so •rith disaster, tliat no one Jford to Pit down and wring about it," declared the f tho New Zealand Wheat-j-oporative Association} Ltd. 3Iulhollaiul), announcing, CDs before wheat-growers of ien district, last night, that itioa had now carried negoith tho millors to such a a successful distribution of rop seemed almost assured. g a surplus of between one lUlon bushels from tho next iieetore had explored every meeting this unprecedented Jecommending against such the market as had been : recent years, with the astJw millers, they had been ft li scheme which was now itted to the various people 180 growers attended the lie!) was held in the llawarWitb Mr Mulhollaud there 1, McPheraon (manager of Hon), and'Mr W. A. Smith ijlaml was introduced by the Kr W. !>. Wright). Mr W. :et was voted to the chair. Ayowers' Concern, jfopmtng tho future of wheat in ■K- ffUwd- Mr Mulholland said that been greatly, and rightly, -yyaj about 1932. Unless very Eri prpiiwation was available, the Em| «lui anything but rosy. With glprices so low last year, ho had St&T expected some improvement. was made, but it KU sustained. Australian wheat jUt « better price than the New JRj M d the price for that wheat, £»•> for exchange, was about Is 4d frpfti It was, therefore, perhaps igMjwiniion to say that the export Jfow Zealand wheat was By* bit than Is. It was probable M tkt foil 300,000 neVes of wheat this year, weather and Hremiitions being favourable.. They jtmstublj anticipate a yield of bushels to tho acre, perbushels. If the yield \WiHey would havo a surjpscflffiOOO bushels; even with a tho surplus would be bushels. I JbftS tot a Solution. ! they could reliovo fg||Hg7 The directors of the Asanticipated this posiexplored all possible i*(MKing it. To-day, they had ' jp'tfpb draft a Scheme with tho the millers. Such a •«a*i«d been drafted and was being JaMMri-Jto Tarious people concerned. .JiltM tpprored. they could probwtt i the situation. In face 1 /|f As jsqbleta, it would be quite imAssociation alone, with iwMMnepibership. to stabilise tho 4Mfin It vm therefore tho definite Ml <f the directors, unless some jmVijMne could be devised, to rellfiml.lbt the Association should Pftjnjbold tho price. The weather mtt"tiknmrn factor; it was posNfe jfawfore, that there might not Hlik ndw,

I net of Wheat. wno ally, and com--11 w s crned to bo the ite n Now Zealand, lib in 3. It was as im»wss as well as to tho iridespread employment Canterbury as a whole IBJ serious injury was t industry. The market--3 always been difficult iduced in n quantity he whole of it to be Costs had risen to i New Zealand that it msible to compete with eta on an export basis, it, on the other hand, i abaorbing the wheat e farmer wished. Iniroduction and ad all increased the of the delivery. Such ie had largely created lifficulties which tho i designed to correct, caused the market to I that the price was tually by the growers it reduction did not ter, but remained with iller*. u of Surplus. its establishment, harl jr eater problem —a surIth falling world prices lpossible. At first the the Pool was only 55 [rowers, of whom about I sold their crops forctors determined that est interests of their the market, expensive a might be. Although I meant holding wheat porting at a loss, he t was justified. Ity wan the fact that nine political when a t of the House of Reus formed to investing, that they did not mble l export even s. Ii i SO, the yield, er wa rc than suffinr's rements. Authc 1 fall of the The again held it no ie so, tho «f----rould e been eveu than !92't. It was mbcri the Pool had ' cost the organisagrow rho were not in eq< eneftt. Last C i. •itioi l been rather irvesl ie there apJ>t sii nt wheat to «. but the effect of the B and the general fall I'would hav« seriously Market if the Pool had , The A ssoeiation's serIndeed, was probably * before. tired that there might

be a carry-over into the next season of about 1,000,000 bushels. » Mr R. McPherson, manager of the Association, explained that a'' the V-l wheat which had gone into store had been financed by the Pool. Hadl that wheat been forced on to tho ma , would have been sufficient to force t nrice of wheat down to a low jevei. Lies of wheat had lately * a ®*: buvers being uncertain of political ae SfaVgwij «V?T rf the market, but they_ were eUll insufficient sales to give final payments. Huge quantities of barley for poultry feeding were being imported into tho North Island from . Außt 'J. l £* they pete with these importations th y would have to sell wheat at 3s 6df. South Island ports. Maize was allso je intr imported from South Africa, of both maize and barley were nowfallin* off however, and they hoped to see Si market for fowl wheat improve considerably. Efforts of Graders. ? e ', B Sm® «Uow g .<i variexample.of wheat tc tho Mr W L. Wright asked if it wouia oe •t I * - t-ba Pool to handlo next possible for the Poo ■ . inem berS r ' 3 M? e Mu7holland tt high yields Pool'to stabiquite ,impossible f ailv antage to ]ise the market wit y increase its present members. A big - in membership might improve P i 4n * fnrthar question, Mr In reply to a furtnar y ders Ht McPherson stated ttoit the g nomin . Lyttelton and Timaru, wl Xd by the North + lir» crradeS !;: ht " ro ,ho„ o-«.« Votes of thanks were passeu xo speakers. * _____