AMERICAN ITEMS

Hokitika Guardian, 24 March 1931, Page 5

AMERICAN ITEMS

AMERICAN WHEAT (United Pre»a Association—By .Electric Telegraph.—Copyright ) (Received this day at 9.40 a.m.) NEW YORK, Alarcli 23. I’lie Chicago wheat quotations dropped to the lowest level since 1895, today. sagging eleven cents per bushel on 1931.

Crop options followed an announcement. by the Kami Board that ii would not attempt to maintain prices beyond tiie month of May, when 1930 crop parses from dealings. I In- action ol maikot to tlie contrary is expressed in the opinion of G'errge S. Alillor, President of the Gram Stabilisation Corporal ion, that tlie news constituted a bullish market, the lactof ol July wheat representing contracts lor the now crop were not protected by stabilisation. Buying collapsed to o9 : ‘, the lowest level for thirty-six years for June delivery, in which light trading dropped eleven cents. Winnipeg wheat dropped 3-14 cents on .Monday for all future deliveries, CANA I>T A N PO LI TICS. THE N.Z. TRADE TREATY. OTTAWA. March 23. The slow recovery of Air Stevens at Bermuda indicated the treaty negotiator will make no appearance in the House of Commons this session. It is understood /the Prime Allrtistor will bring down I lie pact. L. D. Casgrain (Liberal) in speech in the Commons predicted the treaty with New Zealand will not he as advantageous to Canada as the previous one.