WHEAT TRADING

Press, Volume LXIX, Issue 20957, 11 September 1933, Page 13

WHEAT TRADING

CARGOES, PARCELS, AND FUTURES LONDON AND LIVERPOOL QUOTATIONS CCKITEh I'UF.SS ASSOCIATION -I'.Y KI.ECTJUC TF.LEt; RA PH nH'Y Kl UII r.) LONDON, September 8. Wheat cargoes are dull and unchanged. Two thousand tons of Western Australian ex Daga sold at 25s 3d. Parcels arc poorly supported at late to easier rates. Futures arc quoted:

CANADIAN CROP GOVERNMENT INTERVENTION IN MARKETING OTTAWA, September 8. That the policy of Government intervention to ensure orderly marketing of .Canada's wheat crop will be carried out again this year.is now accepted as definite among observers at Ottawa. Information obtainable in official circles has been such as to indicate that no other course of action \vill be consistent in view of the recent wneat agreement signed in London. There have been occasions in the last six months when the Government could have unloaded its wheat holding at a profit, but so far as can be learned this has not been none. Tne impression prevails that the Government's venture has not been a loss and probably shows a profit on paper. CHICAGO MARKET FUTURES LOWER CHICAGO, September 0. Futures arc quoted:— Cents a bushel.

SOUTH AFRICAN TRADE TO EUROPE ITALIAN SHIPPING LINES SUBSIDISED (Received September 10, 8.40 p.rn.> CAPE TOWN, September 8. The Government is subsidising Italian shipping for five years to the extent of £150,000 a year to carry South African exports to east and west ports of Italy and to Genoa. From there distribution to European centres will be made. The Italian Government is subsidising the companies to the extent of £300,000. The steamers are refrigerated, and the services will start in March.

HEAVY REVENUE FROM GOLD MINES

CAPE TOWN, September 8

Gold mines have already paid half of the £6,000,000 excess profits tax, bringing the five months' revenue up to £14,750,000, compared with £9,000,000 in 1932.

LIVE STOCK EMBARGO RUMOURS OF REMOVAL (FBOM OtJK OWN COHRESrONDENT.) LONDON, August 8. The "Leeds Mercury" refers to British livestock in New Zealand and the plea that the embargo should be lifted. The agitation, the journal is informed, is having some effect, as advices from Wellington indicate there is a prospect of the embargo being lifted in the near future, and direct shipments permitted under due and very strict safeguards. The writer adds: "This is very good news to home breeders. A New Zealander over here at the great shows inspected several flocks of sheep on the Wolds of East Yorkshire, and was prepared to make purchases of sheep had there been any prospect of shipping them to the Dominion." INCREASED NEWSPAPER ADVERTISING RECORD NUMBER OF ORDERS Sir Mortague Burton, J.P., presiding at the annual meeting, recently, of the English firm of Montague Burton, Ltd., said that orders completed for the year were the largest on record. Profiting by their experience, it was decided to- devote about 70 per cent, of the publicity allocation to newspaper announcements and to curtail other media, such as sandwichboards and booklets. This placed the company in the position of being among the largest users of newspaper space in England. On many days their full page announcements had appeared simultaneously in more than 100 newspapers. Good value and good service were more effective if backed up by good publicity. POULTRY PRODUCERS, LTD. The Canterbury Co-op. Poultry Producers, Ltd., report that increased yardings of all classes of poultry were offered at their sales on Wednesday and Friday. There was a large attendance of buyers, and bidding throughout the sales was keen. Good boilers and well finished chickens were readily disposed of. Boilers showed a slight increase in value as compared with the previous sales. Owing to a distinct shortage of quality chicken, enauirles on hand were not completed. The following prices were realised a pair:—Hens, Tight to ss, medium to (W fld heavy to 7s 9d; chickens, light fo 5s medium to 6s 6d, heavy to 8s; duckHiJgs to> 5s 9d, ducks'to ss; geese to 5s 6d. "^

Sj pt. 7. d. Sept. d s. d. London (a quar ten- - September 22 0 21. (> December '. 2a :\ 22 a February '.'. h 7 23 0 Liverpool la cci utal)- - October f> 21 5 1 December r> 5 3 March 5 «■; 5 5 May 5 8i 5 7j

Sept. 7. Scot.!) September .. c;;j 811 December . . 3(i : ; 1)3 A May .. oo; 89 ii New York (cash) 915 v 92J