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WHEAT PRICES
LONDON, Wednesday: The recent
fall ini the price of N.S.WV. wheat is
due to weevil, and bears out the pre
diction of tile London proprietary
wheat buying firms which months ago
advised against thle holding of wheat
in the. hope of a rise in price which
hlad not been as pronounced as the
growers expected.
The warning was semi-officially con
veyed to Australia, but the holding
continued while the Argentine sold as
much as possible. .
Quotations for N.S.W. cargoes fell
still further to-day as a result of the
announcement of deterioration.
Thiie Fe(el:ul presidlent of tile Cen'
tral C:ouncil of .the Emnployers of A~us
,tralia (.Mr. A. F. Hooper) said trade
could be Increased through mutually
advantageous treaties. with ,foreign
countries. Mr. Hooper added that is
hihs opinion compulsory arbitation', in
the form in whicll it .had been 'adop?ted
in Australia was a mistake';"'Hea'.hd
vocated limitation of the powers of
the FeIderal Arbiltration Court.
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