WORLD’S WHEAT

Gisborne Times, Volume LXXII, Issue 11453, 2 March 1931, Page 7

WORLD’S WHEAT

A STATEMENT

(U.r.A by Eloc. Tol. Copyright) NEW YORK. Fob. 28. With ihe wheat market responding to lowered prices yesterday and the protest from European houses -that the step savors of Russian dhmping, the Farm Foard’? announcement •ot intended exports has received a varying reception. Mr. BOggc characterised the European / cojntpent ’ns ‘'hunk” and said the Russian sales W oro far below the prevailing world prices - “but it is certain: that any wheat exported from the United States will not ho sold ah less than tlip prevailing world price.” He insisted t Hat; ‘if would probably Commhml ap even higher . price, since e'fhp' high quality: wheat, is .now held exclusively by Jlio United States and Canada.’?’ ' _. _ . e Central Manager MeFatdand, of the Canadian wheat pool, called the eppoVf'announcement “the mpst constructive ’ and ' re-aS.suring statement that lias bpeii made so far” in tliat it fixes nhiouhi Jo he exported. ; The fctatejnpnt' cpritinjfod: to hare j, depressing effect' in. Cidbagp op old May;wheat priccos to-day, which had been bolstered up only- Hy! Farm Board purchases. • ■ ■ .