ACREAGE OF WHEAT

Taranaki Daily News, 18 October 1934, Page 16

ACREAGE OF WHEAT

NEW ZEALAND AREA AWKWARD. GOOD ONLY FOR SPECULATORS. By Telegraph—Press Association, Christchurch, Oct. 17. An estimate that between 240,000 and 250,000 acres were sown in wheat this season throughout New Zealand was advanced by Mr. W. W. Mulholland to a meeting of wheatgrowers’ delegates today. ' . “This is a very awkward acreage from a marketing point of view.” Mr. Mulholland said. It would be well on in’ the season before it would be clear whether the crop would be in excess of requirements or otherwise. This was a halcyon state of affairs for speculators, but it was unsatisfactory to growers, some of whom might be in the position of having to sell their wheat for less than it was worth. The retention of the Wheat Purchase Board is urged in a communication to the Premier framed at a meeting of the electoral committee of the United Wheatgrowens’ Association of Nqw Zealand this morning. The letter states that the growers are much perturbed at the present signs of war among the millers and feel that without adequate facilities for the orderly marketing of their wheat in 1935 they are likely to suffer great loss on account of price fluctuations. .