WHEAT MARKET RIVALRY

Northern Advocate, 16 November 1929, Page 9

WHEAT MARKET RIVALRY

ARGENTINE PROPAGANDA. CANADIANS UNPERTURBED. (Received 3.28 p.ra.) WINNIPEG, November 14. Liverpool reports that the South American pool has beaten the Canadian pool are regarded here as the dying gasp of the London ' 'bears. ’ ’ Local traders assert that London admits every bushel of Canadian wheat needed. Mr George Melvor, general sales. manager of the Canadian' p 001,., de-. elares that the claims for Argentine are purely- Liverpool corn trade pro*-, paganda. Ho says that the pool novei?' refused to sell grain or take part in international trade. He scoffs, at the idea of a “bargain counter.’ ’ Wheat will continue to come in all the year. He asserts that the end of Argentine wheat is definitely in sight. Another trader asserted: “They • . cannot go against the laws of supply and demand. Canadian wheat will, bo demanded, and the farmers are going to secure the benefit of enhanced prices, British traders should know that the Canadian pool has access to the most reliable world production and consumption. The.figures in existence cannot be stamped out by crude propaganda.”