Evening star., 1926-10-15
CANADA CASH|NC
IN ON GRAIN CROP
Rush of Wheat to Montreal in
Full Swing-WiIl Export
Huge Quantity.

MONTREAL, October 15.-Canada
is now casning in. Colder and finer
weather in the Western provinces has
naStened the resumption of thra Shing
operations. which had been seriously
delayed by continuous rains, followed
by unreasonable snowfallS. The rush
OF grain TO this port is in full SWING
AS WAS anticipated. the shortage of
ocean tonnage has resulted in Seri-
Gus congestion at local elevators To-
day there are SO lake vessels in port
loaded with more than 800, 900 bush.
els of wheat which cannot be unloa d.
ed. over a million bushels a day arc
beinb transshipped into oceagoing ton
mage. but the excess of receipts over
shipments continues and probably
will continue until navigation in the
st. Lawrence closes a month hence.
The inescapable pressure is coming
with the flow of the new crop into
country elevators and thence down to
head of lakes.
Steamers Are Released.
With the virtual collapse of the
British coal strike. and the conSe-
Ouent release of "A number of tramp
steamers which have been engaged
in carrying coal across the Atlantic
much more protita bic than grain
carrying, the situation will become
easier, and the Dominion will start
to gather it's annual toll from the
grain consuming nations of Europe.
Already there is a steady flow of
grain going out of Vancouver. much
of which is bound for the Orient,
although some is routed via the
! Panama Canal for Europe With
the liquidation of the crop which
annually calls in employment of a
great deal of money from the re-
sources OF the chartered banks OF
Canada. the revival in business seems
certain to become accelerated.
The high hopes of early Septem
ber. when it was anticipated that
Canada would have d wheat crop in
excess of 3S0.0O0000 bushels. most
OF which would be Of the highest
grade, have not been fulfilled. The
rain and snow on the prairies have
not only cut down the amount of
grain to be 2arnered but also re-
suited in deterioration of the grade
of the wheat. There has been no
official estimate issued since the
commencement of harvest, and it is
believed this reduction in quality
and quantity will not be so great as
to affect seriously the West. already
enjoying d wave of prosperity in the
wake of several successive good
crops.
Brought Drop in Prices.
This view is shared by grain traders
both on this continent and in Europe.
This is evidenced by the break in
prices which has occurred in the mar
ket European traders are awaiting
the effect of the rush of prairie grain
and the consequent lack of demand
has brought about "A drop in prices.
This is a phenomenon which occurs,
however. with few exceptions, every
year at this season.
Conditions today are vastly differ
ent from those of the day when the
first shipment Of wheat was made
from Manitoba when on October II,
1876, Winnipeg sent 500 bushels into
Ontario. where a crop failure had left
the farmers without even seed wheat.
The anniversary of this event was
celebrated this week in Winnipeg
Among those present at the celebra-
ton were men who had helped to
prepare this first shipment and who
today are accustomed to deal with
millions of bushels each year.
Huge Exports Planned.
Despite the temporary check which
has been caused by the vaGaries of
mother nature. Canada will export
this year in excess Of 300 0Vn, 900
bushels Of wheat. either as grain or
as flour. with Il consequent inflow of
capital that viii give the Dominion
another boost on the path to pros
perity.
Every Canadian farmer who raised
sheep in the last year has profited.
The demand for wool is insstent and
there is every indication that when
the coal strike in Great Britain is
over. the cloth producers will be faced
with an insistent demand which will
increase the pressure for raw ma
terial