Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1915-11-30
CANADIAN GOVERNMENT
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and its allies have been purchased
through one agent, they asserted.
Evidently the action OF the Cana
dian government is just a move to
get hold of the wheat and ship it TO
tne seaboard before the price rises
and before navigation closes for the
winter" said Mr.. Marcy. "The grain
was held by spectators and had to De
moved out of the elevators TO make
room for winter wheat coming IN
now. TO permit it to lie in the ele'
yators after December 10 would mean
that it would have to be shipped out
bv the all.rail route. This would add
to the price of grain and AFFECT the
market. The embargo may mean
that pressure is to be brought to bear
in certain quarters for political reas'
ons-possiblyAin Greece"
Mills Not Affected.
Franklin NJ. Crosby of Minneapolis,
a well.known miller, was quoted as
saving that the action does not con-
Germ the American milling, interests
to any extent, as there ism Canadian
grain coming in on purchase ana very
little in bond for re.shipment." Inc
amount Communicated, he added, was
comparatively small.
Great Britain, it was pointed out, IS
10000, 900 bushels short Of its needs
as compared with last year, and ne
purchase of 10000, 900 bushels at n
time make up one.half of the short
age. No uneasiness for the future IS
expected therefore among experts
who thought that England evidently
intended obtaining the grain for its
own requirements and that it desired
to be sure of it.
canada's Surplus.
There is more than loo, 100000 bu:
shells of Canadian wheat available o.
that already disposed of, it was sala'
az Canada had 23O, 900 bushels
available for export at the beginning
of the season, three months ago. ana
had disposed of one-half OF it.
The grain Communicated is in ele-
ators at Fort william and Port Ar
thur. Canada, and in other cities east
ward to the Atlantic coast. The or
der is for all of the No. I, 2 and 3
grades. A considerable portion OF 1T
IS the property of American dealers.
The action of the Canadian gov
eminent is summed up in an othclai
statement issued at Ottawa. In part
it states:
"The effect of the government pur'
chases in the open market, such as
were made by the different countries
a wear ago, is we'll known to the pup
lie, The market rises abnormaAy,
adding to the profits Of it's grain deal
ers and Spectators who have pur-
chased the grain which the govern
ment requires. The advance IN price
of a large amount of grain in store be-
comes the loss of the purchasing gov
eminent and the profit not OF the pro.
ducer, but the oWner of the stored
TO secure the desired end this way,
the government determined to COM
mandeer all Nos. !, 2 and 3 northern
wheat in store at the head of the
lakes and eastward.
"The price to be paid has not been
settled by the government, but will
shortly be fixed on a fair basis.
"I%nstructions have been given that
all loading now under way is to be
continued and no delay whatever &C.
in the transport Of the comman-
deered grain from the elevators to
ocean terminals.
"The order does not apply to grain
in elevators west Of the lakes or in
transit at the time the order takes ef'
feet or subsequently thereto"
Under Contract.
New York, Nov. 29.-Much of the
wheat Communicated by the Cana
dian government was under contract
to New York shippers, according to
grain dealers here. Many OF them
have sold grain for December ship
ment and must obtain it from other
sources to meet their contracts. They
hope to obtain a share Of the Cana
dian surplus not Communicated.
This sitEstion Is expected here to