The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-10
PMENTS OF
CATTLE FROM
CANADA Squirt
One Weeks Sales to u. S.
Nearly as Large as All
of Last Year.

~ fnfs rFcf7&
MONTREAL. Quebec. April 10
During the second week OF March.
shipments of live cattle from Can
ada to the United States we're near
" as large as for the whole OF the
preceding year and exceeded those
of 1888. according to the monthly
survey of the Royal Bank Of Can
ada
This movement. which began late
in January. electrified an unpre-
pared market and intensified the
competition for finished cattle
which previously had been in de-
mand for export to Great Britain.
the bank said adding that the i'm
mediate cause Of the opening Of this
new outlet was the shortage Of coed
animals in the United States result
ing from adverse feed conditions
and the rapid rise in cattle prices
in Chicago from a depression low
Of $3.50 to top price in January Of
S1365 for choice steers.
Profit Allowed
With a top price at Toronto for
choice steers at ST." the study con-
tinued, this margin allowed the
profitable shipment of Canadian
cattle to the United States markets
in spite of the barriers imposed by
the Smoot- Hawley tariff.
In January 1911 head Of cattle
were exported to the United States
and in February 1854 head we're
shipped The movement gained mo-
mentum-in the first week of March
shipments amounted to 4841 head
and in the second week TO Gilt.
During the first 10 weeks of the
year total of 1888 head of Cana
dian cattle was shipped to the
United States, as compared with
879 head during the first three
months of the preceding year.
From $3.50 for choice steers at
Toronto in the second week of
February prices advanced to ST four
weeks later. This has narrowed the
margin between prices in Canada
and the United States and it is
reasonable to expect Canadian
prices to continue to advance until
prices in the domestic market plus
tariff imposts and carrying
charges to United States points
balance the prices ruling IN those
markets. On the whole, conditions
are favorable for a continued adj
vance in prices in United States
markets.
No Objections Seen
1T will require an appreciate in
| terval before the shortage in the
United States can be overcome.
Since shipments from Canada can
constitute but fraction of a per
cent Of the total slaughter require
mentS in the United States, it is
unlikely that there will be strong
objections to these imports on the
part of the livestock industry in the
United States. Certainly such OBJ
jections are not likely to receive
serious consideration from that
government at a time when the
United States hopes to negotiate a
mutually favorable trade treaty
with Canada.
During the last few years Great
Britain has been the principal ex-
port market for Canadian cattle. In
1853 and 1884 shipments to that
market amounted to $4,000 and 54,-
600 head respectively. Stringent
regulation concerning cattle i'm
ports to Great Britain together with
the recent rise in prices in Canada
has retarded sales to Great Britain
and exports to that market in 1885
have been substantially reduced
In the past British cattle i'm
porters have frequently complained
that Canada can not de depended
upon as source of steady supply.
1t has been their contention that
the expense of establishing trans
portation facilities and building up
the market is not justified. AS
against this viewpoint, however, it
can hardly be contended that the
Canadian livestock industry is to be
blamed for taking advantage of a
price diferential as great as that
provided by the recent rise in prices
in the United States"