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HomeMy WebLinkAboutThe Huron Expositor, 1930-04-04, Page 6• t• ." " AVM N•ir 4 ". 14,4 • 'NA f f:•.1 ‘0 4;Hi - 0•11.041'410)/01$ ., 41' , ,,... epfseeiledseete.clit Veil ... Ora" SOU On aCtIMILY 014 them ir e.liranyso'everaleat.Ge "Soothe; ;thilveirout druggist today, NeW ' . sdidu beauty tomorrow mbruiug. •; t4, li •, • ii ii ' .4..rgrueltville, Out, t dfiiPhett 'ireat•troertattee, r• .q1;10 44, ctue4ty., bernestn1 Wik der iuqs e4 'teat 'Cariffitiaus, There! is stroll tencieucy in uroPeilaki •countries, a I have mentiened before, to beoame • elfesnetedning, My own op is that they are being driven! by atie' • d industrial conditions to « selves. conditions in Europe and in i id are, in a large mea- sure, the Its' of the war and af- other in the grain, business, express- ter-tht -war settlement.% We know ' ed the opinion that the price of wheat very little about taxation here as was low enough; but a miller will not compared with the burdens that Eur- pay even an admittedly low price if opean pea ' have to carry. They there is a reasonable expectation in owe huge a ts to other nations. This his mind that it may be considerably is particularly true of Germany. No theme in a few days. Wheat at $1.10 other nation wants to buy their aro- par bushel basis One Northern, Fort ducts in competition with their own. William, is altogether too cheap to The United States is a great creditor make wheat growing attractive in nation, and perhaps, more than any this country, but with the high duties country, is erecting tariff barriers to in European countries, it is very ex - shut out the products of other coma pensive to the consumer. Wheat at tries. It is only with products of 81.10, Fort William, means $2.00 some kind that a nation can pay its wheat laid down to the miller •en the debts. You can imagine the position Rhine, including shipping costs and in which the debtor nations are plac- duty. Even in England, where agri- ed, having the market for their goods culture probably plays a smaller part more and more restricted. What could in the national life than in any other be more natural than that they should country, there is a general feeling, take whatever steps would seem to which I failed to find two and a half give promise of a greater measure of years ago, to the extent that it ex - economic independence? ists now, that if the country is to be As you probably know, Germany, restored to a proper condition of rea- France and also Italy, have erected sonable prosperity, agriculture must high tariff barriers against the im- be lifted out of the deplorable condi- portation of foreign wheats. At the tion in which it is now floundering. present time Germany has a duty of We were given a dinner by a very 61 3-5 cents a bushel against the im- large business organizatioa, larger portation of foreign wheat, while the than any that exists in this country. duty in Italy is 734 cents, and 53 in I spoke of the difficulties with which France. Contrary to certain prope- farmers have to contend. Years of ganda wheat is not the only farm large yields and bountiful harvests, product in these countries which is very often bring hard times, while protected from competition in the years with moderate or below aver - home market. Germany has put into age crops bring better times as a re - effect a high duty against the im- suit of higher prices. I instanced the pertation of hogs and hog products years 1923 and 1928, the two most which has resulted in very high do- difficult years since the war, and mestic prices. In addition to the du- years in which we produced the larg- ties German millers, by government est crops in our history. One of the regulation, are compelled to use 50 directors of this organization, speak - per cent. of German wheat in their ing afterwards, stated that their or - flour mixtures. French millers are garlization owned forty thousand ac:- crinpelled to use 97.• per cent. of res of farm lands in England and French wheat. These countries, par- they were losing money hand over fist ticularly France. have little chance every year on their operations. That under such conditions of importing is the general impression in the Unit - foreign wheat. Besides this, France, ed Kingdom to -day 'regarding agri- for instance, pays a subsidy on the culture. export of French wheat to other coun- While we were in England there tries. Both countries allow the ex- was a meeting of nine or ten thousand porter of home wheat to re -import a farmers in Aberdeen, Scotland, gath- like amount of foreign wheat free of ered together to consider the situation duty.. No doubt France will import irt order to find some means of re - at least as much wheat as she has lief. There are all sorts of schemes exported this year. In fact, that is being suggested by different people one of the reasons for exporting—to for the relief of agriculture, some enable the millers to import foreign promising the guarantee •of a certain wheat to mix with their own. It is price for wheat or regulations corn - the dumping of this government sub- pelling millers to use a certain per- sidized wheat that is creating such centage of home wheat in their flour. antagonism in the United Kingdom. This incidentally would be of benefit You have heard a great deal about a to Canada, as such a regulation would feeling alleged to exist in the Old require the use of more Manitohas. Country against Canadian wheat and What I hare been saying may ap- the Pool. I was able to discover no pear to' be a little pessimistic, but such feeling. We had nothing but there is no doubt that a feeling of the most cordial and friendly. rece.p- depression exists in many countries tion wherever we went in the 01.1 at the present time. As I said before Country. I was there two and a half I believe that it largely results from tears ago. but I felt, whether right- the war and the war settlements. ly or wrongly, that there is a much Again, I believe that the great finan- greater feeling of real friendliness cial crash in America last Sept?mber now than at that time. has had much more far-reaching ef- We found that placards had been fects than most people realized at used by some bakers stating they us- that time. It has helped to bring ed no foreign wheat in their bread, about a feeling of uncertainty and It was explained to us that they did lack of confidence that is very import - not consider Canadian or Australian ant from the standpoint of trade. wheat as foreign, but these placards Then again, the forced unloading by had reference to the dumping of certain supposed strong interests in cheap subsidized wheat from conti- the wheat trade here, culminating in nental countries, particularly France. a most spectacular grain company French wheat was selling in England feihne in the grain trade in Winni- at much lower prices than the same reg a month or more ago. That par - wheat was selling in France where it Ocular incident received very wide - was grown. This dumping of cheap spread publicity on the other side wheat has a very serious effect on and had an effect out of all proper - the British farmer and the price he tion to its real importance. It seems receives. Naturally. Canadian wheat that under conditions which have ex - has no such effect, first, because, ow L is .:d during the past two months, all ing to its quality, it does not corn- 1-inds .of rumours and reports, how- pete with English wheat, also because ever unimportant •or silly in ordinary even under ordinary circumstances, times, have had their effect in keep - bushel for bushel, it is the most ex- ing the situation in a disturbed con - pensive wheat in the world. Regard- (Minn. For instance, the Argentine less of all the propaganda that has Government report to the effect that been circulated in this country the the country only produced a crop of last eight or ten months, we did not :42.000,000 bushels in 1929 had only find the slightest evidence of a boy- a very slight bullish effect on the market. Then again, when their sec - government report was published, estimating a still lower yield, the ef- fect was not noticeable on the mar- ket. Under ordinary circumstances these reports would undoubtedly have had a very bullish effect. The report of the shipment of 10,000 tons of wheat, more or less at different times from Russia always had a seriously disturbing effect on the market. The best information I could get regarding Russia was that their ex- ports of wheat this year would not he a serious market factor. No one knows how serious a factor they may be in years to come. Now for the other side of the pic- ture. As I stated before, three of the four large wheat exporting coun- tries had combined less than half the exportable surplus from their 1929 crops as compared to their surplus from the crop of 1928, and even the fourth, the United States, had as previously mentioned prodeced! one haridred million less in 1929 than in 1928. On account of the very large carryover from 1928, however, she has about the same exportable surp- lus. The Argentine crop else .is ad- mittedly of lower quality their that of 1928. This is of great importance. Argentine cannot press the market as she did last year, because she has not the wheat with which to press. For instance, Argentine shipments last week were 2,500,000 bushels as compared with 10,340,000 for the same week last year. Imagine ship- ments of such huge quantities of wheat from the Argentine week after week last year and a large part of it put afloat unsold and in a position where it had to be sold, regardless of price. Europe, as a result of the politics that I have already mentioned, line smaller stocks of 'home wheat on hand at the present time than she had a year ago. According to the German government estimate, Germany had 400,000 toes less wheat on hand the first of February than she had last year at the same date. That means nearly a month's supply for dermarty. According to our information, the same, in a more or less degree, is true of 'other- countries. OkiviOutIy, it cant be OtheriVise. This being the case, it is natural to expect tlist gut. ADDRESS BY A. J. MePHAIL, PRESIDENT, CANADIAN WHEAT POOL (Continued from page 1). When the "bull" movement gradu- ally developed last summer, as a re- sult of the growing knowledge of the prospects of a short crop in, this coun- try, prices went to higher levels than they should have. This was due to ,the huge quantities of low grade Wheat and the lack of a sufficient supply of the contract grades in the necessary position for delivery on the option. All last summer and fall we lost no opportunity to sell wheat. If the Pool had taken a more aggres- sive attitude in deliberately pressing wheat on the market, under the con- ditions obtaining last fall with which youare all more or less familiar, we would simply have precipitated the condition which now obtains, earlier in the season, and the Pool would have 'been held up everywhere as the organization responsible for such a condition. Even those of you who may not know very much about the market situation, know that my state- ment in this regard is true. Practic- ally all the leading grain men in this country and even on this continent, were "bullish" all last fall. Again, it was said last week in Winnipeg that the condition .we are now facing as a result of the situa- tion in Europe, is the outcome of dec- larations of policy by Pool officials 'here and in the United States—that the trend of developments which are now taking place in Europe in the way of wheat duties and compulsory milling regulations started in 1926 as a result of declarations made at the St. Paul Conference. Such a state- ment, I have no hesitation in saying, is quite contrary to the facts. If such were the case, why did the world import 935 million bushels of wheat from the 1928 crop, just last year, a much larger amount than had ever been imported in the world's history? European countries are pursuing their present policies simply to protect and foster their own agriculture for the purpose 'of becoming self-sustaining. There has been no gigantic battle, no titanti'c struggle taking place except in the minds of some newspaper writ- ers who naturally and excusably wand tc dress up their articles in the most attractive form from the standpoint of the reading public. It is a condi- tion which has very naturally arisen as a result of a combination of extra- ordinary circumstances. The real cause of the present situ- ation is, the very large crop produced in the four large wheat exporting countries of the world in 1928, as well as a very large crop in 'Europe the same year. The most important factor in this situation was the huge Argentine crop and its high quality, which I have already mentioned, and' the policy, adopted 'by the people who handle the wheat from that country, of shipping the wheat and dumping it in the world's markets at any price. Argentine, as you know, is a long dis- tance from market, and has only a- bout nine million bushels of storage capacity, consequently she must ship large quantities of wheat afloat, un- sold, which simply must be sold while afloat or upon arrival, at any price. The whole situation, in the same four exporting countries, was com- pletely changed in 1929. Canada, with about half the crop that it had in the previous year; Argentine, with much less than half the exportabls surplus that she had the year before; Australia, with 68' of the exportable surplus of 1928; and even the United 'States, had 108 million bushels less than in 1928. On the other hand, however, Europe had again, in 1929, an exceptionally good crop of wheat; aft years Of ainitthatIrdnA tin f t hethlte alai Ala 4- Duch - woe, Thousands Write rheumatic painsueurstis, vanish like =ogle willt"thuit,a,tives".Coustipation,iudi- ;Patton end overntaitt• Nerves ogled. t.ret"thmit,a-tives"troradruggisttoday. e„,,nenst I a. VAItntiticiti4,44 w4).0t uthg the balur,e9 of the 'Year, ''',01kPi were told, hath in Fra4ne and, Germany, that stocks of Wheat its' miUers hands are very low. Neter, ally, the government policies in these countriesiy compelling Millers to use such large percentages of hems wheat results in the manufacture of a poor- er quality flour. Millers, therefore, have riot taken into stocklarge sup- plies of wheat, in the hope that con- rlitions would change, thus enabling `hem to import other kinds of wheat or blending purposes. We know that roitside of this, stocks of wheat in European ports, such as Hamburg and Rotterdam, and other parts, are quite low. We know too, that when demand does develop, Manitobas, because of their superior quality, have the edge on any other wheat in the world. We have the advantage in this particular, that all millers would like, when possible, to use substantial quantities of our wheat. There has been aln impression that less wheat is being used now than formerly. It is very difficult to de- finitely confirm or deny such a state- ment. We do know, however, that the United Kingdom has imported more wheat this year than last. In England, particularly, there is the most friendly feeling toward Canada and toward the idea of using more of our wheat. I feel that I cannot express too strongly the feeling of real friendliness that I found every- where amongst Old Country people toward's Canada. I though when I was there, enjoying the hospitality of various groups, of how much some of the countries who have wheat to export would give for the real friend- ly feeling that exists in the Old Coun- try toward's Canada 'and toward's Can- adian products. Of course, there is a hope that if they use our products we will import a larger percentage of our requirements from the Old Country. Personally, I think this is only reasonable. I assured them on different occasions when I was called on to speak, that their feeling to- wards us was reciprocated in the full- est manner possible, and that I knew I was expressing the feeling of the people of Western Canada particular- ly, when I said that there was a grow- ing feeling here in favor of develop- ments that would result in greater purchases of our import requirements from the United Kingdom. I didn't say so because I was talking to an Old Country audience, but because I felt that what I was saying was a statement of fact. Again, with regard to the present situation, I am not going to express any definite personal opinion regard- ing the outcome, because such an opinion would 'be interpreted as be- ing biased 'and of no very great value to the 'outside world. I am going to simply place before you the opinion and statistics of one who cannot be considered 'as being biased from the standpoint of the producer, namely, Broomhall. Broomhall's figures, which I think, with all due respect to their source, are generally considered to he conservative from the standpoint of world's requirements, estimate that the world's import requirements for the year beginning August 1st, 1929, will be 696 million, although he re- duced that estimate a day or two ago by 62 million 'bushels. 'He estimates that the shipments have already amounted to 366 million and that there is left to be shipped 330 million. Ev- en taking these figures as a basis, there is 'good reason to believe that the world will still require our wheat this year. In his market letter last Thursday, March 6th, he stated that he expected a broader demand for Manitobas and that in July next he anticipated much smaller stocks of wheat in North America than a year ago. I don't know how any more de- pendable opinion from a conservative standpoint than you can find in these statements. You are as capable of arawing your own conclusions as I am. I have not much further to say and you may feel that I have not said very much to throw light 'on the sit- uation. Regardless of all the propa- ganada and all the statements that are made by self-styled experts who write with such an assurance of real knowledge of what has taken place, I say without any fear whatever of successful contradiction that on one can say with any assurance, that the present situation could have been a- voided at this time without the very great likelihood that had any differ- ent action been followed by the Pool, the same condition would have been precipitated earlier in the season, with the result that the Pool would have been blamed for taking an at- titude towards the market that would have been unjustified in the minds of the general public and the best in- formed grain men as well. It is only necessary to examine the official re- cord of the Canadian carryover each year since the Pool was organized and compare the Pool carryover with the total to find an answer to propa- ganda to the effect that the Pool has been unduly holding up the sale of wheat. For instance, the Pool had a carryover last August of 52 million out of a total carryover of 104 mil- lion. We have always taken the at- titude of trying to regularize the flow of 'our wheat to market. I have ground for hoping that wa can come nut of this situation reas- onably well, but I believe that we must, 'as farmers, give very serious consideration to the future. In view of the very definite policies of Eur- opean countries in the direction of encouraging the production of home wheat, in order to make for more in- dependence of foreign countries for their food supplies, 'Canadian farmers will do well to seriously consider their methods of production, and par- ticularly their costs of production, as well as the quality of their products. Quality is of Supreme importance. In spite of all that may be said to the contrary, our wheat is regarded ev- erywhere without reserve as of super- ior quality to that of any other wheat being exported to the European mar- kets. Nevertheless, it is only the re- markable coincidence of short crops in the four principal wheat export- ing countries, that has saved the sit- uation for us that year.. I was' very glad to know of the un- hesitating manner in which the three Provincial governments prOnlited their support to, the Peale a Motitli ago, It is an ettitiellida 'of the meal; A TIRED FEELING IN SPRINGTIME Not Sick, But Not Up to the Mark —You Need the Help of That Sterling Tonic, Dr. Williams' Pink Pills — They Give Nee 'Vitality. 'With the passing of winter many people feel weak, depressed and eas- ily tired. The body lacks the vital force and energy pure blood alone can gire. In a word, while not exactly -sick, the indoor life of winter has left its mark upon them. A blood-huild- irg, nerve -restoring tonic is needed to give renewed health and energy. Dr. Williams' Pink Pills are an all - year -round blood builder and nerve tonic, but are especially useful in the spring. Every dose helps to make new, rich, red blood and with this new blood returning strength, cheerful- ness and good health quickly follow. If you are pale, easily tired, or breathless at the least exertion, if your complexion is poor or you are ....Voubled with pimples or eruptions, Dr. Williams' Pink Pills are just what you need to put you right. If you have twinges of rheumatism, are sub- ject to headaches and backaches, if you are irritable and nervous, if your sleep does not refresh you, or your appetite is pear, you need the treat- ment Dr. Williams' Pink Pills alone can give—you need the new blood, new strength and new energy this medicine al'way's brings. Mr. A. Mar. cotta, North Hiam, Que., writes:—"I have found great benefit from the use of Dr. Williams' Pink Pills. Before I began using them I was in a. badly run-down condition, and at times felt scarcely able to work. Dr, Williams' Pink Pills have changed all this and since taking them I am enjoying the best of health. Every, man who feels run-down and easily tired should_give this great medicine a fair trial." Try Dr. Williathe Pink Pills for titiadinita rheuinatism, neuralgia, indi• tregtiOn; or. nervousness. Take them as 0 4Obie. if YOU are not in the best ••."al condition and cultivate a re- 4'cthat Will keel) you well and .+Zett 'Can get these pills cott or antagonism against the use of Manitobas. The situation is simp • ly one of demand and price. You can see very readily, as a result of the policies of European countries, why the demand for wheat has fallen off on the Continent, for the time being You can understand why, during thi' past ten months particularly, the sale if Manitobas has been very slow, be- cause the Argentine, with its huge •i•op of high quality wheat has been aggressively dumping and pressing the market. As a result, however, of the smaller percentages of Manitobas used in the flour of both England and Continental countries. European bread is now admittedly of inferior quality. The information we got everywhe"s was to the effect that millers would he 'very glad to be able to return to a larger use of Manitobas in their flour. This is quite obviously the case, because the better the flour they can manufacture, the better it is fer their business. Manitobas have not lost their name for high quality, as has recently been stated. Manitobas do not sell simply as wheat in the world's market. Our wheat is re- garded everywhere, without reserve, as the best wheat in the word for blending purposes. As one French- man stated to me, "We look on Mani- toba wheat, particularly under these conditions, as we look on sugar and tea—it's a luxury." I have said that the bread in all these countries is of inferior quality to that of other years. I must men- tion Scotland as the only exception. The Scotch, with all their- reputation for being close fisted, are the only people who have continued to insist on having sugar in their tea. Al- though I did not have time to go as far north as Scotland, Mr. lVfacLeod, eho did visit Glasgow and the Scot. tish Co-operative Wholesale, tells me that their bread is as good as ours. Certainly, the bread nowhere else can be compared with ours. There seemed to be a general re- cognition on the part of people I met that the price of wheat, even at the levels obtaining when I was in 'Eng- land, was too low from the standpoint of the fanner. There is a general recognition that agriculture every- where is in a serious plight. Differ - *ie. a. ibox ,The Dr. 'WU. ,elit melt, interested one war or 'au - niadMne dad& or by •4 .1 Extra miles of non-skid safety in this rugged deep cut tread The tire of today for the car of today has, extra strength where strength is needed; design refinements to meet every crisis. A sensation from their start in the summer of 1929, the Dominion Royals are now standard equipment on many of Canada's finest cars. Put Dominion Royals on your car for safe and trouble-free driving this year . and next. Dominion Royals are sold and serviced by Canada's greatest tire organization — the Dominion Tire Depot System—each inde- pendent unit distinguished by its blue and orange color scheme. DOMINI sure of public support behind the Pools that exists 'in Western' Canada at the present time. I cannot speak too highly 'of the spirit which ani- mated the three governments and the legislatures in, deciding to lend their support in such 'a whole -hearted man- ner. I would like to remind you before closing that when the majority of people are optimistic, when they are inclined to gamble on wheat, or stocks, or anything else, it is a time for the sensible man to keep a coal head and not be carried away by the psychological effect 'of an over -dose of what is called optimism—I would say foolishness. I am sure that the same thing applies under conditions when the majority of people are feel- ing pessimistic and when there is very widespread lack of confidence and un- certainty. When conditions look the least promising to many people, it is a time for the sensible man to keep his head and not be too much influ- enced by either extreme and to re- member that the 'saying, "The dark- est hour is before the dawn," is very often literally true as to economic conditions. This is a time for every one to go about their business with cool heads, not allowing themselves to be greatly disturbed by anything that happens for the time being. This 4 is a trying time to the man out on the land who has to quite a bit on the faith that things will come out all right, and it is very gratifying to learn upon my return that the farm- ers, the members 'of the organization in the three provinces, are remaining absolutely loyal to the organization. I think they should. They may re- alize now, above all times, that the pessimistic and critical statements of people who have little interest in the situation other than the possibility of being: able to handle in the future, as middle men, Iarge'quantities of grain for the farmer, are made by those. who 'are not the real friends of the farmer. I do not believe that even if the worst happened, the farmers of this country will ever again be content to return to the old system of marketing. I am more convinced than ever, as a result of my visit ov- erseas, that that system is doomed, both here and elsewhere; and there can be no consolation in the present situation, to the people who would like to see a. collapse so far as the co-operative organizations are con- cerned. If such a thing did happen within the next few years the conse- quences would be particularly disast- rous to the old 'organized grain trade, 'because I have no doubt it would mean finally their complete elimination. I want to express 'again an appreci- ation that I really cannot find words to express, for the unstinted, whole- hearted evidences of loyalty and sup- port from the business and profes- sional men of this city, as well as other centres of the province. IF SKINNY, BEWARE, SAYS, DOCTOR. GAIN QUICK New Ironized Yeast Adds 5' to 15 lbs. in 3 Weeks. New Health, Strong Nerves—or No Cost. "Skinny folks subject to many gree diseases," says an eminent physician. , When sick they lack reserve strength and may die. 'Don't run risk of dangerous disease from skinniness. New Ironized Yeast add 5 to 15 lbs. in 3 weeks. Ends nervousness, constipation, indigestion over night. Clears skin like magic. New pep first day. Two great tonics in one. Weight - building Malt Yeast and strengthen- ing Iron. Far stronger than unmedi- cated yeast. Results in, 1/4 time. 'Get new health and weight quickly. Get pleasant tablets of Ironized Yeast from druggist to -day. Feel great to- morrow. 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