Railwayman's Warning.

Control measures directed to maintaining the prices of primary products continue to hold the stage in various parts of the world, particularly in North America and Australia. Controversy has waxed keener since wheat fell below the dollar. In Canada and the United States some authorities are urging less planting of wheat, others would lend farmers cheap public money to produce more wheat. While the United States Farm Board is being stormed at to buy huge quantities of grain for storage so as to hold the price, it is accused on the other hand of propping up the farmers instead of forcing page 11 them to meet the market. A member of the Canadian Board of Railway Commissioners, Mr. Frank Oliver, declared on 4th July that pool marketing had failed, and that “Canada's entire economic structure had been shaken to its foundations by disregard of well-established business principles in wheat pools.” In Australia, the wish to help the farmer is reinforced by a very keen desire to increase exports, because owing to the fall in prices, and to the adverse balance of trade, Australia has great difficulty in maintaining a sufficiency of London funds. Therefore, as a remedy, she seeks to increase exports and make up in quantity what has been lost in price. But the Commonwealth Government's Bill to assist wheat export by guaranteeing growers 4/- a bushel was reported on 4th July as rejected by the Senate.