The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-05-21
SOVIET TRADE
WITH CANADA is
ON the INCREASE
CONTINUED from page u.


modify made was that of -four. The
total sum involved was nineteen mil.
lion dollars. The purchases were made
partly in the early part of December
and partly at the end Of February.
The first transaction was for 706,-
900 barrels totalling about six mil
lion dollars, and was made from the
Maple Leaf Flour company, Ogilvie
Flour Mills, Western Canada Flour
Mills. The second purchase, tot
alling about 100000 barrels, total
ling about thirteen million dollars,
was handled by the Maple Leaf Flour
company exclusively. The financing
of these purchases was negotiated
thru United States banks. The mill
ing companies were paid for the -four
upon delivery. The banks, however,
extended their credit to effect these
payments and were, in return, REIN
bursed by the Soviet purchasers on
arrival of the cargoes to a Soviet port.
Several attempts were made to in
terest Canadian banks in the handling
of these short credits, but negotiations
did not reach any conclusion, and all
Of this financing was done in New
York.
Agricultural Machinery.
So far from the many negotiations
that were carried on with a number
Of Canadian manufacturers purchases
have been made from Massey Harris
company, Toronto. These include
reapers, binders, grinders and vari-
Gus spare parts. The total purchases
made so far amount to about $3.50, 900.
These purchases were made on credit
terms, part Of which is to extend to
February, 1926.
The Massey rHarris company have
agreed to supply the U. S. S. r. with
machinery for the season 1925 to the
extent of S358;OOO This sum, how
ever, has not been fully utilized as
the credit terms extended were not
very advantageous. AS is known,
immense quantities of agricultural
machinery can be used in the U. s.
S. r. On the conditions of limited
credit only a small fraction of the
needed supplies can be purchased.
The credits which the U. S. S. r.
asked of Canadian manufacturers were
period to extent, at least over two
harvests. M i9T9t
Regrettablya these terms were not
extended. andsin turn the Soviet pur-
chases did not utilize the full sum
offered by Massey Harris. From con-
versations with banks here it is
evident that discounting houses in
Canada are not prepared to negotiate
trade acceptances of Russian pur-
chases. Needless to say, with proper
credit facilities Canadian machinery
purchases for the U. S. S. R. market
would, for years to come, count into
the millions. ts
aluminium.
At the end of December a pur-
chase was made from the aluminium
company, Shawinigan Falls. Que,
covering 1876 tons amounting to $780,
900.
Zinc.
During April a purchase was made
from the Consolidated Mining and
Smelling company of Electrolytic
zinc totalling AIS tons amounting to
about $4,000.
Seeds.
There are a number Of seed var
ieties which are not generally grown
in the u. S. S. R., while in Canada
they are widely adopted. Active ex.
periments of varieties suitable for the
u. S. S. r. are being carried on and
number 70 seeds have been pur-
chased In Canada. In February pur'
chase of seeds was made from the
Steele Briggs Seed company totalling
10000 tons, amounting to about
$11, 900.
Thru the assistance Of the Canadian
Seed Growers Association a number
of seed samples are being transmit
ted to the department of agriculture
OF the U. s. S. r. For the coming
season the U. S. S. r. hope to be
in position to place representative
orders for Canadian seed.
There seems to be an active inter
est in commodities originating in the
u. S. S. r. for the Canadian market
From various correspondence which
has been carried on with over a hun
bred firms considerable interest was
developed in the following: Castings,
alcohol, ply wood, rubbers, bristles,
matches, horse hair. caviar, linens,
handicraft toys, rugs.
Some of the attempts, however, to
place some Of these commodities on
the Canadian market have received a