SPECULATION IN GRAIN.
ELIMINATION SUGGESTED. CANADIAN ECONOMIST’S VIEW. Received April 11, 11.40 a.m. WINNIPEG, April 10. The elimination of speculation in grain is the only solution of growers' problems, states Mr W. Sanford Evans, the noted Canadian economist, and a member of the Sir Josiali Stamp Commission which will probe grain futures for the Dominion Government. Mr Evans’s plan would permit the pools to carry on their financing without the assistance of guarantees from the Government. The banks would loan funds to the pools on the same basis as they finance the line elevator companies. Grain “hedging” by the pools, whereby large sales and purchases are affected without actual delivery of the grain, would be permitted. CANADIAN STORE QUANTITIES. Received April 11, 12.20 p.m. OTTAWA, April 10. The Bureau of Statistics announced to-day that the wheat yield held in Canada at the end of March totalled 275,190,987 bushels, approximately 46,000,000 bushels greater than for the similar period in 1930. Oats totalled 210,272,066 bushels, as against 105,666,003; barley 84,030,228 bushels as against 44,865,123.
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Bibliographic details
Manawatu Standard, Volume LI, Issue 111, 11 April 1931, Page 9
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172SPECULATION IN GRAIN. Manawatu Standard, Volume LI, Issue 111, 11 April 1931, Page 9
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