Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-04-22
u S.sMoney Has
Greater Value =
Than Canadian

OF Cana dian money worth 1915 In Min
neapolis funds, and 81, 900 OF United
States mopev In N,,neo,o,is worth mar
'"''' 'su''tV"'s'o Si'V-' ]" "'''"'ree'
'he possible enects OF crop production
this year as an equalization factor are
peihs STUDIED by financial men, III west
lanada raises the big grain crop this
year that nowseems probable and sells
any part or " IN the United States. an
eNehahge SITUATION without precedent
W the northwest VIII De changed, say
ioeal bankers, III al the exportapie
.anauIah gram TO 90 10 England
TINS erect WI mol be felt'.
Nheh Iahada, whose credit IL hIgh'
whose money oasieails s'sood as goid'
works our oil thesbaiance or trade posi-
ZION that she now Is m minneapolis
man 'oiIectihg aept IN Winnipeg VIII
not nave 10 pay Sze 70 s2t thousand
10 get the money mere. Nor VIII the
minneapolis man in Winnipeg he able
20 OBTAIN as much premium Tor the
Hher!can rooney 'hat nc carries nor'h
with MN
eSchange Cost explained.
"h! sh"utd IL cost me so much 10
coiIect 'anaalan deot' asked MIN
he"poiis man VINO mas anSinteresl IN
West Nahaaian tarih, whG recently hau
s-'ooo paced TO MS credlt IN a west
'ahadian hank ana who paid s4S to get
'n'o ms hihneapohs pahK. why IN
ueeu' shouid man get only 1916 Tor
$I,uUo IN such transaction'
fcrhaps in all history of the develop
hleht OF the northwest, no question so
CLOSELY touching the economic basis OF
Things mas existed. say the bankers.
'anada Is one OF the richest countries
IN the world, developing rapidly, sound
nil"hc"tlIy, poililca4ls' economically.
hut Ianada' TO heip the mother coun-
Try IN the war sent her produce abroad
ano meanwhile bought heavily or ma
'eflal IN the United states. Canada
Mas moreover an investor IN the Ne"
norN market IN the DAYS before the
war; "u' more recently mas NOT only
ceased 10 nave iuie rnnds IN New YORK
OUT mas "een borrower there.
Buys wore man one Sells.
me SITUATION IN snort il that can.
a1a mas honsht much more from the
.Hi'ed states than she has sold herA.
Meanwhile coinc!dent with the neceS-
SLY Tor paying debts in the United
states there is the necessity FOR funds
IN 'anada. where money always is in
d"ihanG ana especially SO this spring,
i"r .lArm ana other development work.
WINE II Is true mat nan who ao-
c"pts payment in Comedian funds in
'tnada mas 10 stand the cost, the effect
utmost wholly % against Canadian
business mon who have to hnd Sl.o2f
I" pay Si'"ov W!th' When such a pay
neht must D" mao" in tn" United
Sit'os or IN New York exchange.
Canaoas POSITION Unique.
II looks now say markers as If the
united states Is going to have the
greatest wheat crop OF record and the
greatest general business prosperity.
mere IS nothlns 10 indicate that Can
adian grain in any quantity Will move
INTO United States markets, except
n"rhaps for passage or for storage.
Hrnce canada. prosperous now and
with great prosperity era apparently
ahead, may for some time have to
stand in the arora'""e position that
the current exchange ratcs present.
But Canada. altho closest To Min
neapolis and most immediately import
"' Such diSor9an'ZGd exchange
rat" oN'S.s "'""where.
Exchange Puzzles
Swedish and Norwegian cxchan""
are not at present so much out Of line
as TO present anything sensational. and
English exchange is off equal to about
. per cent. said Fred II. Sandberg.
Tonager of the exchange department
of the Northwestern National Bank.
But suppose one owns bill in
France that amouus TO $1,000. In nor
mai times. $1,000 in United States
money paid in at teller's window for
which exchange on Paris would be is
sued would buy $50 francs. Now 1t
VIII buy 5000 francs.