The price for milling grades was the price at which that grain had been sold for future delivery. In other words, there were outstanding contracts covering all that grain. And there were many prices, perhaps two hundred prices; different prices for every grade. But all that grain had been covered by contracts for future delivery, and the price at which the grain was transferred
was the contract price, less an allowance for carrying and other charges that might accrue before the grain is delivered.
In the case of feed grain, about 20 million bushels was covered by future contracts. That was transferred at the asking price of the wheat board on October 20, less an allowance to cover carrying charges and marketing risks-a fairly substantial allowance.
I should like to direct a question to the Minister of Trade and Commerce arising out of his very comprehensive statement. In view of the fact that the final prices for the various grades of wheat for 1950-51 are substantially under world prices and the fact that domestic wheat going into Canadian consumption is being held at the international wheat agreement ceiling-
Mr. Speaker, I do not think the seriousness of the unemployment situation is as great as my hon. friend implies in his question, but 1 can assure him that we are keeping in close touch with the situation.
Topic: LABOUR CONDITIONS
Subtopic: REQUEST FOR ALLEVIATION OF UNEMPLOYMENT IN LONDON, ONT.