WHEAT CORNERS
INFAMOUS INCIDENTS. DRIVING UP PRICES. AUSTRALIA'S UNIQUE SURPLUS. (Received 12.30 p.m.) LONDON, February 7. The "Morning Post's" market correspondent, reviewing the recent wheat "bull" raid, recalling famous attempted corners, says that, early in 1022 the Canadian and Chicago trusts agreed to hold up wheat, to prevent Europe playing one against the other. Australian delegations went to America in an endeavour to arrange a 'Canadian-Australian-American wheatholding ring. The scheme broke down so far as Australia was concerned, but America and Canada pushed up the price to 100s. before the Argentine broke the ring-. The paper -adds: '"Australia today has the unique surplus of 1,400,000,000 quarters, but it must be noted that a great political effort is' being made before the harvest, not only to form a wheat-holding trust, but to secure Government backing for the trust in order to be able to hold on almost indefinitely and drive up priccs to scarcity level in Britain.'' —A. and N.Z.
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Northern Advocate, 9 February 1925, Page 5
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159WHEAT CORNERS Northern Advocate, 9 February 1925, Page 5
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