WHEAT POSITION
THE CANADIAN CARRY-OVER
WINNIPEG, 14th August,
A denial was made here to-day on behalf of the AVestern Wheat Pool that it had asked the prairie Government to guarantee the financing for this_ season's wheat crop, or that the financial stringency and the position of the markets had made it necessary for the pools to confine their business to wheat aloue It was stated that coarse grains would also. be handled as usual.
Intimations'that the banks would continue t6 underwrite financial opportunities of tlie pools- .'are expected to have a far-reaching effect on the continent's wheat market. Such ,free selling as occurred at Winnipeg yesterday, is said: to be for Chicago account, and not for the pools. .'' ' The total carry-over of Canadian wheat this season, including the quantity.in bond in the United States, was 128,000,000 bushels, or the same as last year.
Based on a four-hundred-million crop for all Canada, the total supply, however, is .figured at 528,000,000 bushels, against 428,000,000 bushels for 1929.
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Bibliographic details
Evening Post, Volume CX, Issue 41, 16 August 1930, Page 12
Word Count
165WHEAT POSITION Evening Post, Volume CX, Issue 41, 16 August 1930, Page 12
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