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Grey River Argus, 4 May 1931, Page 5

COMMERCIAL

VANCOUVER, May 1. The University -of British Columbia notifies the Empire' Marketing Board that the dairying research carried on for tin lee years, is being abandoned. All agricultural activity is to end at the conclusion of the visit to New Zealand Research Council representative in June. SYDNEY, May 2. Brokers’ efforts to buy New South Wales silo, wheat to fulfil overseas local contracts resulted in a sharp advance in prices, which during the week rose from 2/4 to 2/SJ a bushel. The Australian export record in butter of two and a-half million boxes in 192(4-25, is likely to be exceeded this year. Only a hundred and sixty thous and boxes are now required to reach a record total, a,nd shipments from the Commonwealth are still proceeding. WELLINGTON, May 2. It wag reported in the newspapers recently that Messrs Price Brothers and Goy., Ltd., had madd an announcement from their New York office to the effect that the price of newsprint wculd be reduced by five dollars per ton from May 1, 1931. The New Zealand agent* of Price Bros, have now received cabled advice that it is not contemplated any reduction will be made iu the export market. BUTTER TRADE PROPAGANDA. LONDON, May 1. The Midland district butter “buy election” resulted:—Empire butter ! 4821; foreign butter 72. CANADIAN WHEAT SLUMP. I VANCOUVER, May 1. ! The German reduction of the duty on • imported wheat is expected .to improve , the shipments from here, which have dropped from seven million bushels a year to two millions during the past two years.

Big Wheat Deal FOR U.S.A. FARM BOARD. MINNEAPOLIS, May 1. The Minnesota Farmers’ National Grain Corporation, as the agency of the States Farm in a transaction involving 18 million. l ? of dollars, accepted the delivery of 23,147,000 bushels of wheat -from* private grain trade interests. This purchase represented wheat which the Farmers’ Corporation contracted to take for the Farm Board from private companies under May futures contracts, and it gave the Farm Board control of practically all of the stored wheat in the Minneapolis-St. Paul district.