WHEAT IN U.S.A

Timaru Herald, Volume CXXXIV, Issue 18849, 11 April 1931, Page 7

WHEAT IN U.S.A

HUGE EXPORTABLE SUPPLIES. United Press Association—By Electric Telegraph—Copyright WASHINGTON, April 9. In the report on the world wheat prospects, the Department of Agri- { culture to-day estimated the domestic \ surplus available for export and carry- ( over on July 1 at 290.000,000 bushels. ! { The winter wheat production as indicated by the condition of crops on 1 April 1 was estimated by the Depart- j ( ment of Agriculture on Thursday at i j 644,000,000 bushels, compared with j c 604.000,000 bushels, the average for the * last five years. 1 CONCERN IN ARGENTINE. \ 1 REGULATION OF OFFERINGS 4 PROPOSED. 1 |! United Frees Association—Bv ttlectrlo 1 Telegraph—Copy r 1* 11 HAMILTON (Bermuda >. April 9. ' Argentina favours a consortium of 1 Canada, the United States, Australia 1 and Argentine to regulate wheat j offerings on the world market. 1 This was disclosed in a letter from 1 M. Beccar Valera, the Argentine i ' Minister of Commerce, communicated , to the Canadian Trade Goodwill Mis- . sion, by Senator C. P. Beaubien. chair- ] man of the Commissions Tariff Com- 1 mittee. The letter was read at a meeting of ; the mission on board the steamer Prince ' Rupert on Tuesday, and made public on Thursday. The letter proposed that each of the four countries should appoint a representative to a special Commission, charged 'with determining the sale quota for each participant, based on proI duction for exportation, effecting sales 1 and distributing the proceeds.