WHEAT SURPLUSES

Dominion, Volume 29, Issue 255, 24 July 1936, Page 11

WHEAT SURPLUSES

Purchase by International Body Suggested RAISING CONSUMPTION (British Official Wireless.) (Received July 23, 5.5 p.m.) Rugby, July 22. There was a meeting of the International Wheat Committee in London today. The Chilian Ambassador suggested an inquiry into the possibility of encouraging through international action the consumption of wheat instead of cereals with an inferior nutritive value.

lie suggested that the international organisation might obtain at a low price part of the surpluses likely to accumulate in several countries in the next few years, and referred to the possibility of financing such wheat reserve through an international institution such as the Bank of International Settlements.

Representatives of Great Britain, France and Argentina welcomed these suggestions.

CANADA’S STOCKS LOWEST FOR FIVE YEARS

Ottawa, July 22.

Nine days from the end of the crop year, wheat in storage amounts to less than 120.000,000 bushels, the lowest level in five years, and lower by 63.000,000 bushels than at the same time last year. Harvesting farmers are still racing drought, rust, and insects.