WHEAT TRADING.

Press, Volume LXIX, Issue 20918, 27 July 1933, Page 11

WHEAT TRADING.

LIMITING PRICE FLUCTUATION. PERMANENT POLICY OF LIMITATION. (CXtTED PRESS ASSCKIAIJO.s'—L"I ELICTRtC TULEGEArn—COPYUIGIIT.) WASHINGTON, July 26". The farm administrators and representatives of the United States grain exchanges to-day agreed tentatively to limit fluctuations in prices on wheat and other grains to five cents a bushel, as a permanent policy. RISE ON WINNIPEG EXCHANGE. CANADIAN GOVERNMENT'S BIG DEALINGS. WINNIPEG. July 25. Bolstered by constructive buying, wheat futures gained 5 and 4£ cents to-day. Mr John McFarland, the Government wheat representative, is reported to have sold 50,000,000 bushels during the recent advances on behalf of the Government to supply the futures market. He then bought 25,000,000 bushels in a l'utile effort to stem the frantic decline. The Government was holding 150,000,000 bushels, and the recent rise saved it a loss that might have reached 30,000,000 dollars. WORLD GRAIN CONFERENCE. REGINA, July 25. The world grain conference, attended by representatives of a score of countries, was officially opened to-day. Fifteen hundred attended the opening ceremonies, which were followed by the reading of technical papers and a discussion of agricultural problems. WINNER OF WHEAT CROWN. REGINA. July 25. Freland Wilford, of Staveley (Alberta), with Reward strain wheat in the hard red spring class, won the wheat crown to-day at the Regina World Grain Exhibition. Herman Trelle, of Wembley (Alberta), was second. WHEAT AND FLOUR. PROTEST AGAINST IMPORTATIONS. At a meeting of the Wheat Marketing Board electoral committee of 70 members (35 representing wheat growers who are members of the New Zealand Wheat Growers' Co-op. Association, Ltd., and 35 representing nonmernbers of the association; in Christchurch the anomalous position arising out of the fact that large quantities of wheat and flour continue to be imported while New Zealand has an export surplus, was fully discussed. Speakers stressed the absurdity of the position, and after spirited discussion the following resolution was carried:— "That this meeting of the electoral committee, elected by and representing all wheat growers in the South Island, protests strongly against the importation of wheat and flour at a time when a surplus of wheat exists in New Zealand, and urges upon the Government the necessity of taking steps to reduce! such importation."

PRICE OF SILVER. (Bitmsn official wmet/ESS.) RUGBY, . July 25. j Silver (pence an ounce) is quoted: July 24. July 25. HT'* :: II EGGS FOR CANADA. CANTERBURY EXPORT VENTURE. The Canterbury Egg Export Committee has decided on a plan of campaign for the coming season which it is hoped, will provide an outlet for toe produce of the poultry industry right through the heavy laying season. In addition to the expo:rts t o b L°ndon, at Canada? where"]! i s expectedl that very satisfactory prices will be obtain ab i c ; tho meeting of the committee SSnment ot 15.M0 id doKn egj^to result of s during the last Of the P ric f well for the enterfew years P™£ is e e^p ec t e d that further KSmSU December and January. POULTRY MARKET. I a. «• TJ""l in?x of p<, .h' r demand, therefore high P rlce " equal toi tho shortage o£ good ruled. There i* * i» boilins , hell "' * j lcet vero realised Table

PRICE OF GOLD. LONDON, July 25. Gold (a fine ounce) is quoted as follows: — £ s d. July 25 . .. 6 3 6 6 July 24 6 3 ..6 4 July 20 . 6 July 19 . 6 4 4 51 July 18 . 6 4 July 17 6 4 ..6 3 ..6 4 3 July 15 4 July 13 1