Bismarck daily tribune., 1915-11-30
GREAT BRITAIN
MAY PUT DEALERS
OUT Of BUSINESS
Feared Export Crop of Provinces
Will Be Taken Over by the
British.
SATURDAY CLOSE PRICE
IS PAYMENT ORDERED
Chicago and Minneapolis Market
Experiences a Slight
Flllrry.

oltd"d, onL., NOV. ~. IlC ouu'
committee of the Dominion cabinet
tonight fixed the prices wlich are 10
be paid the dealers whose 20,000,OO0
bushels of wheat has been comman-
dered. After prolonged consideration
at conference with the representa-.
tives OF the interests affected, it was
decided that the prices to be applied
are those which ruled at the closing
of the market in Winnipeg Saturday.
The claims put forward by dealers
today for extra compensation on the
grounds that they will be unable to
secure contracts with millers and 9TH
ers for a supply of wheat, are not to
be entertained and on payment OF the
prices indicated the liabilities of the
government are to be discharged.
Something like 20,00O,0o0 bushels
are to be taken over in this consign.
ment and it is stated here by compe'
tent Canadian officials that it would
not be a surprise if the bulk of Cana
dian exporta bile surplus is acquired in
this way, although the commandeer-
ing process may not again be lnvOR-
ed.
The order communicating all high
grade wheat in Canada from Fort Will
liams on',Eak3c cSGberior to the Allan
tic coastadAboMi 20,0oO,000 bushels
was issueH yTtei5s. the close of the Win
nipeg market Saturday, but did not
become generalFy known until Sun
day.
The action was taken under the
special war act by the Canadian grain
commission. The wheat included NO.
| hard, No. l, and 3 Northern' 1t
was the property of grain shippers
and rnillers.
Situation Serious.
New York, Nov. 29.-The comman'
deering of Canadian wheat by the
Canadian government was interpret
ed here today by grain exporters as
possibly the first step by England,
not merely to take over all Canadian
grain, but to smash ocean freight
rates by a requisitition OF Atlantic
freighters.
Exporters regarded the situation
as serious from their point OF view.
julius Barnes, one OF the leading
exporters of the New York Produce
exchange, asserted that the BRUSH
government could virtually drive the
American grain exporter out OF busl'
ness.
"This seizure of Canadian grain,
he said, has left us all at sea. None
of us know yet just what it means
but if the British government intends
if possible, to take over all the Cana
dian grain crop, it is going to put ns
in a serious position" .,..,.
Chicago Not Nervous.
Chicago, Nov. z9.-Action of the
Canadian government in commander
ing approximately 2o,0oO,oo0 bushels
Of wheat under the special war ac1
is expected to result in only light
fluctuation in the. American market
according to opinions early today Of
leading grain dealers in Chicago.
The market probably will not be
appreciably affected, they declared
as none OF the important dealers II
Chicago, the center of the nations
wheat trade, was directly involved.
Quick Changes.
George E. Marcy, president of the
Armour Grain company, and JOSEPH
Rosenbaum, head of the J. Rosen
baum Grain company, two Of the larg
est exporters here, are among those
who do not look for quick changes II
prices. Mr.. Marcy pred.4ld that tht
Canadian governments action Woult
release greater quantities OF whea
for immediate delivery and thereb!
bring about drop, if anything, II
prices.
C. H. Candy, president of the Chi
cago Board of Trade, would make M
prediction further than to say that tn
demand for wheat in the Unitet
States would be affected in proportion
to the extent of the Canadian seizure
and according to the disposition tn
government proposes to make OF TN
grain and the price it will pay
Enormous Supply.
Experts said the price OF grain hat
been kept down so far this year. TO
two reasons. The first, they said,
the enormous supply both in the unl1
ed States and Canada, and second
the absence' of competitive bidding
Most OF the supplies for Great Brltai
Continued on Page Seven)