NEW SALES SCHEME
Fixing of Quotations for Canadian Grain
EXPERIMENTAL MEASURES RULES OF EXCHANGE (Unitea Bresa Association—By Electric Telegraph Copyright.) Received 2.45 p.m to-day. WINNIPEG, Oct. 5. The council of the Winnipeg Grain Exchange has announced an experiment aimed at improvement in the market machinery and the regulation of opening quotations effective on October 9, by which quotations at the opening sale of wheat and coarse grains will be determined by bids to purchase or offers to sell at a price not exceeding; eight cents a bushel above or below the previous close. Also quotations shall continue at variations not exceeding eight cents a bushel until actual trade is made, when rules of exchange will apply prohibiting members from offering to buy at a price higher than the current selling price, or to sell below the current bid price for future delivey of any grain dealt with on the trading floor. Officials pointed out that the new regulations are mot connected with the recent activity in grain circles, following Mr McFarland’s suggestion to probe into futures trading.
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Bibliographic details
Hawera Star, Volume LIV, 6 October 1934, Page 6
Word Count
177NEW SALES SCHEME Hawera Star, Volume LIV, 6 October 1934, Page 6
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