THE WHEAT CRISIS

Poverty Bay Herald, Volume LV, Issue 17425, 25 November 1930, Page 7

THE WHEAT CRISIS

STABILISATION PLANS U.S. BODIES CONFER (Elec. Tct. Copyright—United Press Assn.) (Received November 25, 11 a.in. WASHINGTON, Nov. 24. The chairman of the Farm Board, Mr. I .egg'', informed the Senate Agricultural Committee, at a meeting with representatives of farmers’ organisations. that the Farm Board could stabilise American wheat prices at 71> cents, or approximately 22 cents above Liverpool quotations, and that the board was considering the purchase of more wheat. 'The conference was summoned to obtain the farmers’ organisations support to a proposal that the Farm Board be given a free hand with a wheat, buying programme before Congress is asked fo.net on any other measures for farm relief. FARMERS’ HEAVY LOSS - (Received November 26, 10 a.m.) WINNIPEG, Nov. 24. I lie Canadian Wheat Pool announced that there has resulted a decline .in the return to farmers from 20 dollars 40 cents per acre in 1925 to six dollars 92 cents in 1930. on the basis of present prices of wheat. POSITION IN CANADA s GOVERNMENT AID EXPECTED OTTAWA, Nov. 23. It is unofficially stated that the Federal Government has assured tho banks that it will stand temporarily behind them in any immediate steps taken to assist the western wheat pools through the present crisis.