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WHEAT RISES
OVERSEAS
But Adelaide Price
Firm at 3/3k
Wheat prices. again rose yesterday
in the London and Liverpool markets,
and on the Chicago grain exchange.
'Ihe London market was reported to
be firm. with sellers asking advances of
3d. to 9d. . quarter for Australian car
goes and parcels, but buyers were said
to be nervous and adopting a cautious
attitude.
Winnipeg prices were practically un
changed, while Ohicago. rose by 11% to
1% cents (about %d.) a bushel.
But in spite of the continued price
rise overseas, the price of wheat in
Adelaide today was firm at the un.
changed rate of 3/3V2 a bushel on
trucks Port Adelaide or main outports.
The demand on the Liverpool market
from consumers was disappointing, ac
cording to private advicvd received in
Adelaide. The requirem ents of ELuropean
importing countries for next year werte
etimnated at 416 million bushe!s, com
pared w ith 480 tillion bushels lhst year;
while throe from countries outside of
lEurope w;ere estimated to he 160 million
bushela s, ainst 184 million bushels. for
sit tcar.
A pnriate estimate of the Canadiall
1 rairic Pro inces cr0o1 id 3-L5 million
usbhels, uhich compares with an estimate
of 44o million bushels given on June 3,
the reduction being diue to adversc
weather and insect TltT5.
PRICE OF BREAD
Following the recent rises in the price
of flour to £9 7/6 a ton, the council of
the Adelaide and Suburban Master Bakers'
Association will .meet this afternoon, to
discuss the question of raising the selling
rates of bread. At present the associa
tion, price of bread is 3%d. a loaf cash
over the counter and 4d. a loaf delivered.
RYE IN DEMAND
- CHICAGO, July 12.-Rye advanced by
3 to 31 cents (11d. to l-d.) a bushel today
and 25 cents (12id.) a bushel in the last
-three days. Some deliveries are -selling
higher than wheat, and Canadian rye is
being imported into the United States.
A "corner" in r.ye is being rumored in the
lobbies of the loard of Trade.
(Canadian plan for control of wheat
exports-Pige 13)

Wheat Prices Rising
(Continued from Page 1)
CANADIAN PLAN
FOR CONTROL
Limit- Exports, Not
Acreage
MARKETING BOARDS
("News" Special Representative)
WINNIPEG (Canada), July 12.
A wheat export plan based on an in
ternational agreement with the establish
ment of national marketing boards in
each of. the principal exporting countries,
in favored by the wheat pools of the
Western Canadian Provinces. Previously
the pools had favored acreage reduction
schemes.
Announcing their stand for the quota
plan, Mr. George Robertson, secretary of
the Saskatchewan wheat pool, said it
would appear that a bushelage rather
than an acerage basis would give the
best hope of success in bringing a better
relationship between wheat production
and wheat consumption.
Control over exports by the principal
wheat exporting countries through the
quota plan would tend to relieve pres
stre on the world's markets and prevent
one country dumping wheat against
others. Under an international pljin the
individual grower would be under no re
strictions as to acreage and production,
but the maximum quantity he could mar
ket fro many given crop would be fixed.
How he treated the balance would be
entirely in his own hands.
Legisation to provide for acreage reduc
tion would be exceedingly difficult if not
impossible to enforce.
MELBOURNE EXPERT
FAVORS PROPOSAL
MELBOURNE, Thursday.-Oomment
ing today upon the Canadian proposals
for international wheat control, a leading
Melbourne business man closely connected
with the industry in Victoria said that
they would ensure better prices.
The system of national marketing
boards would vitally affect wheat firms,
but when it came down to details the
plan might not displace the firms as it
appeared likely to do.
"This proposal," he said, "apparently
provides that wheat should be marketed
under an interniational board, which
would have the effect of raising wheat
Drices generally.
"A difficulty might arise in the event
of Australia. for example, having a bum
per crop and being permitted to export
only 75 per cent. of the exportable sur
position, however, is not
likely to arise this year.
"The decrease in the American crop
alone represents more than the largest
harvest Australia has ever produced.
Moreover, because of -adverse weather
conditions, there will be a substantial
reduction in the quantities of other
grains.
"The great advantage of the scheme
Jis that even if all the wheat grown
were not marketed, the quantity
actually disposed of at the higher
prlce would give a better return to
growers than at present.
"There will be opposition to the plan.
but it is not at all an impracticable one."

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