WHEAT PRICES.

Timaru Herald, Volume XCVIII, 27 April 1925, Page 4

WHEAT PRICES.

CONFERENCE BETWEEN GROWERS AND MINISTER. MILLERS OFFER ADVANCE OF FIVEPENCE PER BUSHEL. Mr'P.'Ri Talbot, who was appointed by the South Canterbury Executive ot tue Farmer's’’ Union to lorjn one of a deputation to go to Wellington and interview the Minister of Agriculture on the subject or wneat prices, returned to Timaru on jj'riday. Mr Talhoo was.the sole representative, from South Canterbury or the .wheat-growers of Canterbury and Otago, who discussed the matter with the Minister. Seen by a “Herald” lepoitcr on his return, Mr Talbot 'said he had some cheerful news to give, namely, that as a result of the negotiation 3 , the millers had increased, their oilers for wheat by . fivepen.ee per , bushel, and the price- of wheat to-day was: Velvet 7s. ? Redchaff 6s lOd. ■, . Tuscan 6s Bd. All -these prices are. .f10.b., sacks extra. ’ ; v . When the Minister': was asked , to impose a dumping duty on imported flour ho said there had been no dumping against whicbhe. could-talte action. Then the millers-were, cajled,in,, and they asked that an embargo- be imposed . to prevent the inportatioir. ; .of flour, but the Minister said that he could, not entertain- this. :: ■; After a long discussion, which did; not conclude till'Thursday night, .millers decided to-give the prices’?#s< out above. , ~»v . A great deal of wheat was sold 'in South Canterbury 'during the, week-end;, at the new prices, . v.'';■Millers say that they are, willing' to -buy' fall the milling wheat,, in Dominion, provided that ■to them within tho next two months.-

INCREASE OF 5d PER BUSHEL

FARMERS RECOMMENDED TO ACCEPT. By Telegraph—Preßs Association. ASHBURTON, April 24. Mr John Brown, president ■of tho Mid-Oanterbufy Farmers’ Union Mates that an increase of fivepenoe. per bush©J for this season’s wheat, was .agreed upon at a conference- at Wellington yesterday between representatives of the Farmer’s’ Union, and 1 -the. flournnl-. Iqts. The prices, which came into force to-day, are:— V : , Tuscan, 6s 8d per , bushel. f.o.b. Hunters. 6s lOd pf>r bushel, f.o.b. , Pearl,. 7s per bushel, f.o.b. v> The former figures were—Tusoan t os Bd, Hunters 6S 6d; 'Pearl 6s 7d. r ' * ' According to -Mx dJfown, the millers are prepared vto lift'all:whoat from’ tho paddocks within two, months if neces-i sary. Prices are guaranteed,^for “at least-two*months.; ' „ ' ■ ' * Mr' Brown states that tho Farmers UnioH’ agreed to recommend farmers to, sell at-the increased prices-. As far aa the Union’s /information goes, this" is considered the best course.

STATEMENT BY MINISTER. , ’v RATES;FOR>LOUR. ,„ "" Br ■ ,, WELLINGTON, April 26. * The Hon. W. Nosworthy (Minister of' Agriculture), states that the* mailers have agreed to a l'eadjustmenti oi pieces, and .to offer farmers 6s 8d for. Tuscan, 6s lod for Hunters, and is tat Pearl, all milling wheat to be taken over within the next two months. The. wheat-growers’, representative© have agreed to recommend strongly to, their branches that the' offer of the millers bo accepted. .•• •. , Thu millers have, determined cm prices as follows£l6 per ton for flour f.0.b.,. in the South Island; not to ex-, ceod £8 pci- ton for bran f.0.b., South Island ; and not to exceed £9 per ton for pollard f.0.b., South Island. The duty on bran and pollard from Australia is to be reduced' from £2 10s to £1 per ton. Millers, are to find the cash, for wheat imported from Australia to bridge the gap till next harvest; and the Government is to purchase on’.their account. Gabinet has confirmed this.