CANADIAN WHEAT

Poverty Bay Herald, Volume LIII, Issue 16475, 20 October 1927, Page 7

CANADIAN WHEAT

OPERATIONS OP THE POOL LOW ADMINISTRATIVE COSTS (Elec. Tel. Copyright--United Press Assn.) (Australian and N.Z. Cable Association.) (Received October 20, 10 a.m.) OTTAWA, Oct. 18. At Winnipeg, Mr. MePhail, president of the Canadian V heat Ppol, announced the fimil payment in excess of 1)3,800,000 for the 1020 crop of pooled wheat. He said that of the total amount the Saskatchewan pool received approximately £2,000,000, Alberta £BOO,OOO, and Manitoba £400,000.

The total payments to the three provincial pools represent the net balance after deducting all the marketing costs incurred by the central selling agency, namely, storage, interest charges, and administrative expenses. The final payments, representing the spread between the grades, vary from 14/5 cents per bushel’for Durum to 071 cents for No. 0.

The administrative expenses of the central selling agency for the 1020-27 ci op year are covered by a reduction of less than one-tiftli of a cent, per bushel. The grand total paid by pools since the Alberta pool started in 1023 exceeds £134,800,000, CHICAGO QUOTATIONS (Australian and N.Z. Cable Association.) (Received October 20, noon). CHICAGO, Oct. 10. Wheat quotations are: December. 120 i( cents; March, 120 J cents, May, 133 cents.