MARKETING OF WHEAT

Evening Star, Issue 19550, 7 May 1927, Page 10

MARKETING OF WHEAT

* THE POOL CONFERENCE PROTECTION OF FARMERS. Press Association—By Telegraph—Copyright. NEW YORK, May 5. While the delegates at the wheat pool conference have not decided what form it will take, co-operation will be sought. All the delegates are confident that some means will be found whereby the interests of the units may be combined in the whole Some plan, by means of which the farmers in one country may be protected in bad years, will be outlined. One member expressed the opinion that agreements would be worked out by which no country would export wheat for sale in another, country at the time the latter is harvesting its crop. The meeting of nine United States pools yesterday resulted in a proposal for. combining into one national pool, following the Canadian plan, which would own the principal "rain elevators of the country and handle the bulk of the United States wheat crop. ■ The Russian delegates want to establish contracts with other' great wheat pools of the world to protect worldagricultural interests through the combination.. Their chairman stated that the Russians were interested in the same principles sought by the Canadians, Australians, and American wheat growers—namely, the stabilisation of the market and the elimination of speculation at the expense of the farmers. The Russian co-operative system was different from others, because it had a monopoly of the export of all grains, representing 6,500,000 Russian farms. The Soviet was now exporting only 30 per cent, of the pre-war total, although Russian wheat was grown cheaper than in other countries, the cost of production being on an average 60 cents per bushel. THE SECOND DAY. NEW YOlHv, May 6. (Received May 7, at 10 a.m.)^ The Wheat Pool Conference at Kansas City entered its second day r'ith pledges of co-operation in a world marketing plan to stabilise prices from the Russian, Australian, Canadian, and American representatives, ’ Some of the delegates advocated a great world pool. The president of the Manitoba Pool urgea the perfection of co-operative organisations in each country to operate in conjunction. A.P.A. and ‘Sun Cable.