The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-07-16
CANADA'S WHEAT
WILLSTAY AT $2.2O
wilson's Veto Of $2.4O Price
Makes Certain No Further
Advance in Dominion.
RATE HIGH ENOUGH NOW
Estimates for Wheat Yield
Across Border Decrease So
600, 900 or More Bushels.
Special Despatch to THs sus.

SPECIAL D<spdrCh 10 Inn SUN.
TORONTO, Canada. July 15.-Although
President Wilson'S action in vetoing
the guaranteed minimum wheat price
Al, $40 a bushel doubtless caused dis
appointment to those farmers in the
United States and Canada who are
anxious to extract all possible pront
from the war conditions. there has been
no general expression OF dissatisfa ction
by the agricultural community here.
Il Is recognized that when the Presi-
dent blocked the plan for raising the
nSed price in the United States, he
also insured that Canada's wheat price
for 1918 would be maintained at s2.20.
Notwithstanding the recent increase of
IS per cent. in railway freight rates.
II Is understood that the price fixed
last year Is high enough to enable the
Canadian grain growers to make ex-
cellent profits. Allowins for freight
charges 1t means that producers whose
farms are located in the eastern and
central sections of the prairie provinces
receive approximately 81 a bushel. AL
though the crops were poor in GER
tain important districts OF Manitoba
and Saskatchewan, both in 1917 and
1916, the yield on the whole being
somewhat Disappointing. there were
many localities in which good crops
were grown. In most cases where the
yield was equal to or greater than the
m fa fnr.
tunes-numerous instances are quoted
Of farmers making enough out Of a
single crop in 1917 or 1916 to pay for
all their land.
These pointse make II appear that
IN the Canadian west, where land prices
are not high, the s2.20 price consti-
tutes a stimulus sufficiently strong to
induce the agriculturists to put forth
their utmost efforts to increase pro-
duction. 1t is doubtful II they would
or could work harder or plan more
erergetically to produce bigger crops
even II they were promised an addi-
tional 90 cents bushel: and, on the
other hand as President Wilson's mes
sage states. the imposition of the extra
20 cents would put heavy additional
burden not only on the consuming
classes in America but also on the
people Of the allied nations in Europe,
already much distressed by food prob
lens.
Crop Estimates Lowered.
Earlier in the season the more opti-
mstc members of the financial COM
munity thought that with reasonably
favorable weather in June and July
western Canada might conceivablv come
forward with a wheat crop OF 900. 000.-
0)J bushels. At that time the United
States Government crop reports pointed
70 an American yield of approximately
1900 900. 900 bushels. Thus the prospect
seemed to be for an enormous yield of
something like 1906. 100000 bushels by
the two countries combined. Since then.
however, the Washington bureau has
made a reduction of 100000 900 bushels
or 50 in its estimate OF the United States
yield, and in Canada II has become clear
that the high winds and dust storms
that followed closely upon the seeding
season did considerable damage. 1t is
said that in many districts OF southern
Manitoba and southern Saskatchewan a
large number of the fields show one
third or more OF the grain blown out.
In some cases the farmers sowed coarse
grains in the bare areas thus created
Although June did not contribute as
much rainfall as the farmers needed.
nevertheless the crop Is in fair condi-
ton. and present Indications are for a
fairly large yield of good grain. Few now
expect 300, 100000 bushel yield. Con-
ssryative observers are inclined to look
for something over 200, 900, 900 bushels
Under favorable conditions they think
Z e total might rise to 240.000,000 or
30 600, 900 bushels 1t should be re-
mAmbered, however. that western Can
ela sometimes confounds the experts
when actual results are counted. The
great crop of 1915 went far beyond the
highest estimate made by any RESPONSE
Die authority, and there Is a possibility
Of an agreeable surprise on the present
o. aston also.
Il IS thought that parts OF Minnesota
en1 North Dakota might conceivably
rave been injured to a certain extent by
NE same conditions as prevailed in
Manitoba and Saskatchewan. On both
SIDES Of the line the snow went of too
early, II any damage was suffered by
Inc Northwestern States in this way. the
circumstance will probably appear in
Performing Government reports. After
allowing for all probable deductions, 1t
seems certain that the United States and
canada In combination will have from
HOO 100000 to 1900, 900, 900 bushels OF
Nheat, and this. with the enforcement of
the food regulations, should provide a
surplus for export large enough to re-
seEe Europe's necessities.
Improvement in Exchange.
A. the end OF last week the exchange