THE WHEAT INDUSTRY

Otago Daily Times, Issue 21242, 24 January 1931, Page 11

THE WHEAT INDUSTRY

FUTURE DELIVERIES. NEW YORK PIT PLANNED. (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, January 22. Mr Bodman, chairman of the Produce Exchange, announced to-day plans for the establishment in New York of a wheat pit for trading in future deliveries. Bonded Canadian wheat held at Buffalo will be voted oh in a few days by the members of the Exchange. THE CANADIAN CROP. BUREAU’S ESTIMATES. OTTAWA, January 22. The Bureau of Statistics estimates Canada’s 1930 wheat crop at 397,872,000 bushels, of which 374,500,000 are from the prairies- This is an increase of more than 2,000,000 bushels over the figures issued in November. THE CANADIAN GROWERS. . TALK OF SECESSION. OTTAWA, January 22. The Prime Minister, in moving the Budget, deplored the secession talk of the wheatgrowers. A report from Calgary states that the growing demands for secession have drawn a warning from Mr William Irvine, the Saskatchewan Labour member of Commons, that secession means that the farmers must accept the grave consequences, and he urged the farmers of Alberta to defer consideration of the resolution calling for free economy on the prairies, which is aimed at the abolition of all tariffs. Colonel J. H. Woods (president of the Canadian Chamber of Commerce), advises the public not to pay too much attention to the secession ■ agitation, which is evidently intended to impress the farmers’ demands upon the Government.