WORLD’S WHEAT

Dominion, Volume 26, Issue 70, 15 December 1932, Page 9

WORLD’S WHEAT

International Control AMERICAN PROPOSAL Limitation of Production PRICE STABILISATION (By Telegraph.—Press Assn.—Copyright.) (Received Dec. 14, 8.30 p.m.) Huron, South Dakota, Dec. 13. International control of wheat production to reduce the world surplus and thereby stabilize prices was forecasted to-day as a consequence of tiie proposed enactment by Congress of a voluntary domestic allotment plan. Mr. \V. R. Ronald, one of the sponsors of the plan, said that (his was not only possible but probable. “Inquiries which have been received indicate growing interest in the plan by Canadians and by Australian observers in the United States,” he said. “Britain adopted the plan in principle in the Wheat Act of May last. Being importers, they applied the plan to stimulation of production, not using the production limitation feature as proposed by the United States. “The adoption by Congress of this plan with control through the limitation of the acreage of the individual farmer would set forth means by which Canada, Australia, the United States and Argentina could effectively carry out an agreement for the curtailment of production to near a balance with the demand and so do away with an unsaleable surplus. This takes no account of Russia, whose troubles will keep her out of the market for a time.” GAINING STRENGTH Support in Canada (Received Dec. 14, 5.45 p.m.) Calgary, Alberta, Dec. 13. “Support for a world wheat pool is apparently gaining strength,” International Pool supporters said to-night commenting on Mr. Ronald’s address at Huron. At the recent meeting of the Alberta Wheat Pool many delegates advocated an international wheat board, and the Government was requested to convene a conference of wheat-exporting countries to deal with the present marketing situation. AUSTRALIAN HARVEST Record Yield in N.S.W. (Received Dec. 14, 11.55 p.m.) Sydney, Dec. 14. Wheat harvesting in New South Wales is in full progress. There is tremendous activity throughout the country, and unprecedented congestion at siios. It Is a record crop with a record yield of 67 million bushels in this State, mostly of splendid quality. Western Australia is having an improved harvest of good quality grain, but the yields in South Australia, Victoria, and Queensland are not up to earlier estimates owing to rust, insect pests, and a rainfall under the average.