CANADIAN WHEAT
MINIMUM PRICE GUARANTEE. (Received 29. 9.55 a.m.) New York, December 28. The “New’ York Times” Chicago correspondent says that what the grain trade regards virtually as a guarantee minimum price has now come into effect for wheat in three Canadian provinces as the result of a decision reached by the line elevator interests operating there to meet the Canadian Pool’s basis figure of 50 cents for No, 1 northern wheat delivered at Fort William. The feeling was more confident among speculative buyers her© due to this step, and the announcement that th© country-owned wheat would not be sold out. December dropped below 50 cents while December at Winnipeg sold off to 50 cents early. ft ralllied nearly three cents later, nnd other deliveries followed suit.
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Bibliographic details
Hawke's Bay Tribune, Volume XXI, Issue 13, 29 December 1930, Page 5
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127CANADIAN WHEAT Hawke's Bay Tribune, Volume XXI, Issue 13, 29 December 1930, Page 5
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