TOO MUCH WHEAT

Northern Advocate, 21 September 1933, Page 5

TOO MUCH WHEAT

SUPPLY EXCEEDS DEMAND : FRANCO-GERMAN DILEMMA. QUOTA CONSIDERATION. ’ ADVISORY COMMITTEE ' • ADJOURNS. ’ (British -Official Wireless.) (Received" 2 p.m.) ~ RUGBY, September 1,9..;; The first meeting was held in '.Lori-vr don yesterday, under the chairman-' - ship of the United States Ambassador, Mr Robert Bingham, ofthe. Wheat Ad — visory Committee which was set up to consider measures for adjusting ! the supply of wheat tO/the effective world demand, eliminating abnormal surpluses and bringing about a. rise and--■stabilisation of prices. •" M. Devenat, France, explained that /; two successive bumper crops had resulted in France’s exportable surplus.::-' now being about 13,000,000 quintals, of- ;;• which it was hoped •to dispose ,of -v 9,000,000; of lower, quality by feeding animals, while the decreased quantity, of- flour extracted would account for another 2,000,000, leaving only 2j000,*. 000 exportable, which should haive-no : appreciable effect on world prices. ’ Dr. Duering, Canada, said that' 6er- J ' many similarly had a bumper harvest, ; • which since*: duly had I exceeded •the ,' - estimate by 12,000,000 quintals. The' ■ • Government was reducing the • ajeasown in both wheat and rye. Recent , exports of wheat from Germany would--be offset by imports, of -wheat '.during-'y-the present cereal year, and exports of -. rye would be offset by subsequent - ira- . L ports of maize and barley, '

Furthermore, the GermaiT Govern.- "' ment believed . that it- could materially increase the consumption of wheat in Germany by reducing unemployment, :■ The committee , adjourned ,uatil ~. October 27. . :. - . Meetings between Russia and; the four chief exporting, coimtries, •Argentine, Australia— and the ; ljnited\r». States, will be'held, .next we&k to ■coni -c eider wheat quotas. . -.--- •' H GERMAN PRODUCTION. . , ' RESTRICTION EDICT. MINISTER AS DICTATOR.'' (Received .0 a.m.) ‘,7- '" :.r*; BERLIN, SeptembfeT. ID;: , ;Herr Darre, Minister oi:■ Agrictdture;' ’ has assumed a .dictatorship, over grain production. The Minister has forbid- ’ den all speculations in-future- dealings in grain and has established fixed prices for wheat and rye. • -O; ' ' Infringements of ithe : order to .re- .-y strict production will. be severely ished. Farmers are being warned i-thab. in the present autumn production must" not exceed that of the autumn of 1932. The farmers have been notified that, they should be firmly, established on' the land and charge fair prices, also -. that, their..duty, is to ; their rates,--.--:-.:.:--