The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-23
CANADIAN CROPS
TO PASS AVERAGE
Generous Rains Encourage
Farmers-Fixed Wheat
Price Considered.
FRUIT PROMISES WE'LL
Financial Prospects Being
Faced With Cand0r and
Courage.
PROMISES WELL
sy a s,as core,po.ds.s Of TEE sux.

BY a sfa6 corresposdenf o. TEE suS.
MONTREAL, July 22.-Canada will have
crops above the average In volume and
value, according to reports received at
headquarters Of banks and railways In
this city. There is g heavy crop Of hay
and feed in Ontario, Quebec and the
Last Wheat and oats are better than
for years In many localities In these
provinces. ana the harvest OF coarser
grains promises to be q big one. The
earlier fruits, berries and cherries are
the heaviest in Ave years. Neither APP
pios nor peaches will be OF good yield.
Stock raising and dairying large factors
In eastern Canada, are well provided for.
Generous rains over the week end
helped things still more. Reports from
the Western provinces are more reagsur-
ing, and II begins to look like a fair
average of wheat and oats. Saskatehe-
wan, with o crop acreage Of 100000
acres, OF which more than 100000 ID
In wheat. will not have heavy crop,
but II should average fifteen bushels TO
the acre The northern part. north OF
a limo drawn from Winnipeg to Edmon-
ton, will be we'll provided for. In that
area moro rain comes than in the south,
and more dairying IL carried On than
elsewhere.
Cold Storage Helping.
Cooperative cold storage has done
much for the farmers UP there, even In
that land of cold winters where the sum
mers are warm. In southwestern Sss-
katchewan and In southern Alberta,
where dry farming is followed. the crop
10 disappointing, and there Ia need OF
the northern parts Of Alberta, above
Edmonton and on into the Peace River
country, the crop reports tell OF varied
prospects, some promising.
The British Columbia fruit crop is re-
ported as being exceptionally good. In
recent years the fruit farmers have paid
attention to the prairies and have de-
veloped q good market. Nevertheless u
lot Of Washington fruit finds market
on the Canadian prairies.
The question OF fixed price for
wheat has had much consideration at
Ottawa. So far nothing has been done
in that direction. The Canadian Gov
eminent made no pledges in advance and
the fxed price on wheat expires on
August 81. Options on the Winnipeg
market at 3221 for December two days
this week Indicate that 80 wheat is rea'
sonably sure to the Canadian farmer. A
minimum price 10 proposed. What Is oil
greater Importance Is how to market
the CROP and the question Of what Great
Britain will do to finance the handlins
Of II. The comment OF Sir George Paisf
on British and foreign finance Is mol
bright but 1t breathes the candor and
courage Of the gentleman lnafraid, con-
hdent in the reserves OF Britains re
! sources Of wealth. industry and tnitia'
tive to meet the demand OF the hour
Financial mon are q bit anxious abou
what the United Kingdom will do.
Exchange situation Serious.
Exchange is low on sterling, and to
| day was an adverse one for CANADIAN
| exchange The rate on New forl
reached top record at 3&, and 1t looks
| like 4 within a day or two.
1t is estimated Canada will have l7b.
| 600. 600 bushels OF wheat for export on
OF this years crop. To sell that ABROAD
on credit would require three to fou
hundred millions.
! II to that be added the equal sum re
ouired by the Minister OF Finance u
meet this years budget II is evident TN
people of Canada will have to subscribe
generously to the proposed Government
bond issue. Just as they did In war days
The task may be lightened by another
| loan in New York.