THE WHEAT INDUSTRY

Otago Daily Times, Issue 21828, 15 December 1932, Page 9

THE WHEAT INDUSTRY

CONTROL OF PRODUCTION STABILISING PRICES (United Press Association.) (By Electric Telegraph—Copyright.) HURON (S. Dakota), December 13. (Received Dec. 14, at 10 p.m.) International control of wheat production to reduce the world surplus and thereby stabilise the price was forecast on Tuesday as a consequence of the proposed enactment by Congress of a voluntary domestic allotment plan. Mr W. R. Ronald, one of the sponsors, said it was not only possible but probable. “ The inquiries received indicate growing interest in the plan by Canadians and by Australian observers in the United States,” he said. “Britain adopted this plan in principle in the Wheat Act of May last, when, being an importer, she applied the plan to the stimulation of production. The adoption by Congress of this plan, with control through the limitation of the acreage of individual farmers, would set forth a means by which Canada, Australia, the United States, and Argentina could effectively carry out an agreement for the curtailment of production to balance with the demand and do away with the unsaleable surplus. This takes no account of Russia, whose troubles will keep her out of the market for a time.” WORLD WHEAT POOL. SUPPORT FOR PROPOSAL. CALGARY (Alberta), December 13. (Received Dec. 14, at 10 p.m.) Support for the world wheat pool is apparently gaining strength. At a recent meeting of the Alberta wheat pool many delegates advocated an international wheat board and the Government was requested to convene a conference of, wheat exporting countries to deal with the present marketing situation. AMERICAN ALLOTMENT PLAN. ALTERATIONS TO BILL. WASHINGTON, December 14. (Received Dec. 14, at 11 p.m.) Mr Marvin Jones, chairman of the Agricultural Committee of the House, was notified on Tuesday night that the executive of the Farm Leaders’ Conference had agreed on simplifications of the Voluntary Domestic Allotment Bill and would present them to his committee on Wednesday. An agreement was effected when an attempt was made in the general conference to make the plan compulsory, and certain groups threatened that they would not participate.