WHEAT FOR FARM BOARD

Hawera Star, Volume LI, 4 May 1931, Page 6

WHEAT FOR FARM BOARD

OYER, 23,000,000 BUSHELS. SCHEME OF CONTROL, I (United Press Association—-By Electric Telegraph Copyright.) NEW YORK, May 2. The Minnesota. Fanners’ National Grain Corporation, as an agency of the Farm Board, in a transaction involving 18,000,000 dollars, lias accepted delivery of 23,147,000 bushels of wheat from private grain trade interests. The purchase represented wheat which the Farmers’ Corporation contracted to take for the Farm Board from private companies' under May futures contracts and gave the Farm Boaial control of practically all the stored wheat in the Minneapolis a,ml St. Paul districts. GERMAN DUTY REDUCTION. AID TO CANADA. VANCOUVER, May 1. Germany’s reduction of the diyty on imported wheat is expected to improve the shipments from here, which have dropped l from 7,000,000 bushels to j 2,000,000 bushels in the past two years. ORDERLY MARKETING. MOVE IN SASKATOON. WINNIPEG, May i. ' The Premier, Mr Bracken, will urge the creation of a Canadian Wheat Board to “ensure the orderly marketing of the 1931 and 1932 crops” at at; the conference of prairie farmers at Saskatoon on Monday. He said the conference - had been called -so that an agreement could be reached as- to the most- satisfactory method of dealing with the marketing of the new crop.