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Lethbridge Daily Herald, The (Newspaper) - September 5, 1911, Lethbridge, Alberta Tuesday. September 1911. THE LETHBRinGR DATLV nKKAT.D 3 We have .been appoiulod agents fur Lctli- bridge and district The Security Trust Co. Limited OF CALGARY This company has unlimited funds to loan and has an Advisory Board in-this city, so that loans can be with very little delay. F. C. Lowes Co. Owners and. Sole AgenU RECIPROCITY AND ITS EFFECTS UPON THE PRICE OF WHEAT Wheat Prices ten Cents a Bushel Higher in the States Than in Western Canada-The Reason for the Difference--Prices Will be Equalized Under Reciprocity, but the Value of Wheat Will Increase in the World's Markets There IB no dispute about the com- parative prices of hard spring in Western Canada and the adjoining States. A great mass of evidence, much of it official in character, has es- lablisheri hcyoml question Ihc fact that, since the growing consumption of the United Slates overtook the conflict of opinion as to tiie reason for this difference In price. The Canadian price, Is fixed by the price in tlie Liverpool market. IOSB the bundling and ciirrylni! charges. The United Slates price is dolor- mined by Inc- competition of the full- od State.- mills tor hard spring wheat, [sufficient rinaiuily of which production of hard wheat. Die price in grown lo meet their demands. Hcna [the norlhweslern States has averaged j tor Nelson, of Minnr-nota. {riving tesl- 'about ten cents a bushel over thehmony before the L'nivsd Slates Sen- 1 ate Finance Committee, said that -i- LOOK THIS UP Lots 4, 5 and 6, Block B; 11. and C. Addition; North Ward, Corner, 137 ft. by 138 ft, R. V. GIBBONS CO. .mi V price paid for the similar article 01 Ihc Canadian side. In comparing Iho prices, it must al- ways be borne in mind the Can- adian jri-ades are higher I ban those of .Minnesota, At the Senate hearing on the Reciprocity Bill, the statement was made by American agricultural that the Canadian No. 2 North- [ireltj- much Ihe same thing uie ..urthwestern mills out, of bushels, consumption side of .Minneapolis had a combined j and production will equal each other capacity for another lOO.OOO.OOn bush- i in 1918, or seven years hence experts as No. 1 Northern south of the line. Central Mr. Chamberlain (South who' gave expert testimony, said that the difference belween the Canadian grade bearing Ihe same name was ill mills in .Minneapolis hail a capacity of bushels of hard wheat, and the other tofore been used for wheat raising must necessarily be used for other purposes. "Our per capita consumption of wheat Is now about 6 1-2 buslielt. If cur maximum production of wheat is bushels it would supply the needs of people. In round numbers. In other worda, -when our population is wheat production and consumption will be equal Ho'.v long will that be? At the present rate of Increase in popu- lation and with zn Increase our wheat production up to an average This amount of l.-ird Thus, the Uniled States will now wheat not being obtainable, they were an counlKV, in so of wheai. obliged, he said, to use Turkey lied and olher varieties of wheat from 'he Western States, Tlie United States exports far as is concerned, if the duty 1-.-, taken-off; and in a few years' time it will cease even to export win beat toiler wheat and the softer varieties Eng'and. but it does not export hard spring wheat. Senator Nelson, speak- ing before Ihe United States S-enaie which now find a market in Kurope. There is undoubtedly a certain and for a large propor- about. 2 cents a bushel. This should Committee on May 'I'l. said: lion of our wheai In ihe FOR SALE That most desirable 7 roomed, fully modern bungalow, standing on two 631 IStli St.. South (Westminster Terms arranged. The H. MACBETH therefore, he added to the -spread .as shown by the statistics. U. S. Price for Wheat Higher The recent report by the Dominion Department of Labor upon compara- tive prices in Canada and Ihe Untied States, shows a difference in the av-1 been shipped abroad; _ rnr i a i home, all made into -A tew yraib larc'e sliare of jSlales. This inarkel will undoubtedly our wheat was exported from Allnne- grow. The hard wheat area is stcad- Hy diminishing in ihe Pulled Stales, to uiiiuin, under reciprocity, this process ___. it is shipped down the j would be accelerated, increasing re- of our spring wheat has BUY THAT WILL MAKE MONEY FOR YOU 3 Lots in Block 152, facing east North Letkbridge Realty Co. PHONE SSt Sunny Side Lots these lots a large number of from S200 up- Her? is a'chance to become an owner ot Estate in this city. Wilkie Kerr PHONK HULL BLOCK, Next. A.B. I, FOR-SALE. New house on 2 lols. 5l.h Ave. N., seven rooms, light and water, close to sZoi house. Price 12200. cash handles tins, and long time on balance. Siv roomed on three lots, 7th Ave. N. House i, neat and 'compact A (food buy. Only >500 cash Balance to suit. Tnllv modern.- seven room house, a first-class house in every way h S. '11500 will swing'this deal. Balance on terms. Vullv modern, six room, full basement house on 6th .Ave. S. Price 13500. Only J600 cash. Five room collage on Westminster Road, 2 lots, small stable. Special price for a few days, J1600. -Investigate this. CHOICE LOTS FOB SALE Two business sites close Three lots in Block 128 Eighl.lots In.BIock 12S Four lots in Block 126 Four iotn on corner. Ninth Ave. S........ lots on corner-Eleventh Ave. S. t-'our lots on Nlrilh Ave. S............. Four lots on corner Eleventh Ave. S....... Pair lots in Side................ Eight lots in Like Side................. each. each. each. each each. each. each. each. ....J225 each. ___J175 each. THE CASCADEN LAM) CO. erage price per year paid for No. 1 Northern in Winnipeg and No. 1 Nor- thern in Minneapolis for the past "six years, in favor of Minneapolis of cents in 18015; of 10 cents in 1907; of 8 cants in 100S: of 13 cents in 190J: of 14 cents in 1910, and of S cents in an average -spread for the six years of 3 cents a bushel in favor of the .Minneapolis market. A comparative table of prices paid along the Manitoba boundary, on De- comber 3. 1010. as published by the Pioneer Express, Pernbina, was large- ly used in the discussions both at Washington and OUlawa. The ac- curacy of the figures has not been challenged. These allow comparisons along the boundary between Manito- ba and North Dafeota as follows: North Dakota.....Manitoba Cents Cents Pembina......SI Kmerson SI Gretna SI Walhalla ..91 Hannah SnowHako 77 Snrles......89 Crystal City Hansbpro Cartwright St. Boissevain Antler......91 Lyleton Portal......SB N. Portal 75 Kermit......SS Estevan.....74 Souris......93iVaskada .....77 Even more conclusive evidence was the table of comparative prices at Sarles, .V. D., filed with the United' Stales Senate hy Senator Gronna, of North Dakota. These comparative prices were supplied the Senator George McLean, grain dealer, of Sar- les, and represented prices actually paid by him. 'The Canadian wheat was bought and shipped in bond to the English market. The American wheal. was bough! -and shipped to Minneapolis for milling purposes. The transactions covered a period of two months, and, in detail, ware as follows: "A few years ago a heat was export sola. In recent, I have re- ference to Dultlth, which is our port from nf our spr it is all used at home, all made into flour at Mimic-, apolls, and other northwestern points." Beerbohm's reports of London show- that for the last six years not a single cargo of American hard -spring wheat has arrived in England. Hard wheat prices in Canada are. .herefore, export prlce-s. Those in the United Stoles are the prices fixed by brisk home demand and an insuffi- cient supply. When the Duty Comes Off The effect of-taking off the U. S. duty on hard will be 10 merge the'whole hard" wheat growing areas of the United States and Canada into who gave evidence before the one great wheat .'reservoir, from being placed upon the wheat fields a( Western Canada. Wheat Prices Under Reciprocity What price will the Can-adian wheat when sold to the United States mill- ers bring? Will our growers get the premium paid for hard wheat in the United Stales, or will the price In the United Stales fall lo tlie Canadian lev- el which is fixed by the Liverpool market? Upon this 'point Ihere is -a sharp conflict of opTnibn.'the vigorous flghi against reciprocity made on behalf None but the belt Inside Gity Properties High Class Farming Lands Conservative Investments and Well Secured Loans, as well as Avery Threshing and Plowing Ma- chinery are offered by W. R. DOBBIN, 310 7th Street Lethbrjdge, Alia ies there musi, of course, result a common price for wheat throughout Ihe whole of the hard wheat area. Will this price he determined by the export price of hard wheat from this continent, or willifbc fixed by the milling demands at Minneapolis? The latter could only happen if tlie mill- ers of Canada and llle United Siales between them could absorb the whole hard wheat output, taking Iliis'whoat off the English market entirely. _ This need 1107 be looked for. There will still be a considerable export of in a general way, the price of bard wheat in Western Canada and in the northwestern States will be controlled by Ihe prices paid in England. Wheat Will Bring More in England This need nut mean, however, that wheat prices in Western Canada will continue at the levels which hav-3 pre- vailed in the past, the United Stales dropping to tlie -same point. What will happen is, with the Canad- ian and United States millers coin- Wheat Will Cost Us More." In the cnurae of this interview Mr. Rank said: "The general effect of Ihe agree- ment will, I am .sure, be to raise the prices of Canadian wheat In thfo country, because tlio Canadian now hns a market at his doors, and the supply to Ihe British market, three thousand mile's away, is likely to bo diminished. If is most essen- tial that we should have No. 1 Man- itoba hard, hilt we must expect to pay win EI m lie a It. U is about Ihe best Wheat in hard wheat, and this will mean thai, the world for making the loaf which of the fanners of Minnesota and the I lieting for an increasingly largo por- Dakotas, by their Congressmen the House of Representatives, their Senators In the Senate, and by dele- ,-3 senate was based upon one gr the mills of the world will draw Iheir contention that the opening of supplies. Under free wheat the Un- American market to Canadian Ited plates millers will supplement their domestic supplies with importa- tions of Canadian wheat. The Canad- ian hard spring wheat will replace the winter central grain would result in putting the price of hard wheat .in both the United States- and Canada upon an export bas- uig ivuiroi is. This view is expressed over and it now brought from the j ovcl. in the statements made to r j Gronn-a said 'in his speech in the U. S. ern and hy the elected repre- Senate: "Canadian wheat will dis- place a large part of the winter wheat which is now mixed with the north- western hard wheat for milling pur- poses, and the Slates producing win- ter wheat will be compelled to find a market tor most of their product a- hroad, Instead of exporting onl ..ntativcs from these Stales in the Congressional debates. The contrary view, that: the Itish prices now fixed by the S. mills, will be maintained, wholly or in part, was strongly by various parties friendly lo reciprocity, and particular- President Taft. Speaking at Chi- surplus as at present.." This opinion c'aBO' On June-3, President Taft said: is confirmed by the stal-ement. of N'. Merriam. President of the Merriam and Millard Blevators at Omaha, Ne- braska, in an attack on reciprocity, which! was largely circulated through- out the middle western States last winter. Mr. Merriam, In this circu- lar letter dcclaied that under reciproc- winter wheat, now grown in Iowa. Kansas and would he placed by Canadian hard Oct. ;i, 1910 Oct. 5. 1310 JOci. 7, inn) ioct. ii, into Oct. 12, in 10 Oct. is, 1010 Oct. IT, in 10 Oct. 20, 1010 Oct. 25. Oct. 1310 NOV. i, Nov. 2, IDIO Nov. 3, !NOV. -I, 'inID Nov. S, .1010 Nov. 12, 1010 JNov. 1-1. 1810 NOV. inio Nov. 20, Nov. 2G. IfllO Ucc. 2. 1910 .Caii. American wheat, in wheat, bond. .PI .so! .9S LOO" .us .Oi.t .....95 .93 .....91 .....92 .....55 .....90 .....80 :ss .....S9 SI 91 which would be preferred by the U. S. millers. A Large U. S. Mai'-et for Canadian Wheat Bearing in mind IhHt there is, as Senator Nelson urn. it, a milling cap- acitv of two hundred million bushels of wheat in the northwestern Slates. S3 land that al present from SO to 100 S3 i million bushels of winter wheat arc Sl'jusf-d hy these mills because they, can- not get bard wheat, it is putty clear "jl that there will be a very large market .'79 for our Canadian grades south of Ihc 77 I line.. There would ho an exceptionally '-5 i brisk demand this sra-ion. because 73 [the hard wheat crop of Minnesota, and -'73 [the Dnkotas is reported to be flfly mil- ''77 Hoil bushels less than last year. 77 II. is certain that, once 11 "711! are taken down, ihere will be an im- i mediate market in the United States SO lor forty or fifty million bushels of .SO "Canadian wheat, call he imported and ground into flour without mater- ially reducing ihe.demand for or price of American wheat; and th-e surplus will be sent abroad as flonr. The price of Canadian wheat will doubtless he Increased a tow-cents by access lo the market nearer at, hand, I its- from 50 to 100 million bu-jliels of (IK access to the market nearer hand will not reduce the price of his wheat to the American farmer, for the rea- sons stated." On July f, the President spoke on reciprocity at. Cincinnati, and in the course of his speech, said: "It, may he Hint I be free admission of wheat from the United Slaten into Canada will in- crease to some extent the price to tlie Canadian farmer, but it will not decrease the price to the American lion of our hard wheat crop, the Bri- tish millers will have to pay more for our hard wheat, and the price at Liverpool will rise. That this would be the effect ot re- ciprocity wa-s recognized from Ihe nut- set in England. It was on this ground that the Asquith government was at- tacked hy the opposition when the llritish Parliament opened, early last February, Austen Chamberlain moved an amendment to the. reply to ihe ad- dress, censuring the government for its failure lo so modify the fiscal pol- icy of the Molherland as to give Brit- ish imported wheat a preference. In his speech he complained'that under reciprocity tile price of Canadian wheat in England would rise. In the course of his speech, he said (Times report I: _ "Whnal, for which w-e have bcc-n iho preferred market hitherto, which has travelled eastward over the vast rail- way and lake system of Canada -to af- ford us bountiful supplies ot food, will now be drawn southward across the American 'frontier. What will be the result? In the first, place It will hast- en and increase the process which has already begun in the United Slates of throwing land out of wheat culti- vation intn other forms of cultivation. As Canadian wheat finds its way into thn Unitnfl Slates, less and less Am- fa rmor." Senior Kiirtnn. of Ohio, discussing ihe reciprocity agreement, on July alto -took lhl-3 view of the possibil- ities of free "wheai. The following passage is quoted from ths Congress- ional Record: Mr. The .Senator states that the grain across the border i-i 10 or 15 rents a bushel lower, because it is l.-.tsed upon Liverpool price, Mr. McCnmbar: Because it has to go lo Liverpool. Mr. Burton: What i-3 sure to hap- i ihat case? If the grain on the i AN Berlin. 'Sent. Interest Is Helnj manifested at the me-stins to he held lomorrow Berlin, when the Inelde history'of the Grar.d Trunk wheat This 'llliely to grow. The; other side is as good as yours, the elabornt-' calculations made lisa of by j demard for it In the Stoics of ihe i'n Mr. Burden to show that Ihere is nil- Ion will cause it to rise over-nighl lo '.limited capacily for the extension of the sanie price as your wheat in North strike is lo be ventilated. Hon. .Mac-, mr; Kenzle King had previously dial-land North Dakota farmer, on the -icnged the leaders of the strike to' i-raso. sets at least. 10 cents a bushel be presenl and it fo expected that i more for his wheat than the Manitoba some of them will be present. I former does. Nor Is there any real The Reason for the Spread -Jimited Capacnv nil ,'i .-noir; To recapitulate, it may be .rowing" in Iho United Slater, j tiakola. II can not have any other no one will really challenge I n mnv ho cnnio the that the Minnesota SPECIAL ELECTION OFFER OF HERALD The Daily Herald From Now Until October 1st for 25 cents, to New Subscribers, Mailed or Delivered. To full 'llr ot the pnlltical cam- paign, calm and dispassionate discussion ot tiauu, as well ss Ihc litest and news, local and world wide, resd The Herald. (Cut out the followInK and send It at to "The Dally Herald" Lethbrldge. N'ame Street and Number Cltr or Town Province or Enclosed you will find Twenty-fire Cents for Dally Herald to October 1st! per your special offer. In this statement by Senator j In the Mouse of Representatives: "Im- i of no practical value. Already the United States (ic-ss not grow en- ough hard spring wheat for her own uses; and no expansion is probable, excepting under the stimulus of arti- ficially high prices hy the operation of a protective tariff. Those who 'talk glibly of the United Slates Wheat supply growing to keep pace with the home demand will he Infer esteri McCnmber, of Xorth Dakota, In bis j anti-reciprocity speech to the Senate on June 14, I HI 1: "In A few yenri we will probably reach stationary period in Ihe pro- duction of wheai. Our best statis- ticians and those who have given the matter very (rest study, believe that we cunnot, under prtient methods of farming, raise nn average more than about bushels ot wheat per annum. We will, of course, plice total under cultiva- tion, hut old lands which have here- result. Possibly there mny he some slight approximation in price between them. Congressman Hamilton, of Michi- gan, predicted lhat Ibcr-a would he -Jll approximation between Ihe prices now prevalent In the two countries. Canadians gaining lo some exlcnl. and the Americans losing part of their present premium, lie said, spr-.iklliK crlcan land will he-put under wheat. Maize and oilier crops will take place of wheai, and Ihe American i rfiain upon the Canadian wheat, supply will yearly become greater. What will be the result on our own consumers? Their food will cost them more." I This same view wt-s very strongly urged by Mr. Bnnar. Law, one of tr.-.-. .eiiders of the lariff reform movement, in his campaign in the'.BoDIle bye- flection. Speaking on .March 1S, in llootle. Mr. Law said: "One of Hie greai-3st reasons against reciprocity tweeu Canada and Iho uniled Stales is that it must inevitably raise the price of food here." Must Have Our Wheat; Must Pay More For It The Marc.n number of "Monll'.ly on Tariff Reform." the pnbli-.-a- Itlou ot the Tariff Reform League m (ireat Britain, was given to the dis- cussion of reciprocily ami its effects upon British politics. In iho opening article of this publication, was! slTed- "Another Inevitable result, of "he agreement, if rillfied, must be In- nrensod prices of wheat and bread in country. Had we given Canada the reclprncoal preference for which she has repeatedly asked, we. might r.ave secure is Ihe staple of the London trade." Subsequently, the Chamberlain Tar- iff Commission issued an official re; port on the Canadian reciprocity agree menl. It contained a special report on Ih-a effect which reciprocity would have upon the .rice of wheat in land. This report was made by Jos- eph Rank, Ltd., Millets and Corn Mer- chants, Baltic Lotidenliall St., London, O. "Tlie main thing, is that reciprocity opens up another- market for Canada, very close at writes Mr. Rank. "We shall not be able lo get as large a propor- tion, and, as there will be increased competition, we shall have to pay more for what we want. This Can- adian fall wlreat is the kind that is needed lo mix willi 6-tr own wheat." Why Wheat Prices Kvve Been LcW in England There should be no clearer proof that, as things are. now, Canadian... wheat lias not bfren getting the price' in the English market which its qual- ity warrants. With but a- single mar- ket In which to sell our surplus, and, an ever-growing supply, the tendency has been to depress export prices to a minimum. The Canadian methods of marketing the grain have'also (Continued on page Two Good Buys I corner Acre Lot In Park- dale; will subdivide into 12 lots; reasonable cash pay- ment sood terms on. bal- plv for ourselves, pv 'cheap loaf for our people.' aglno two pounds of equal 10 feet higher than the other, separ- ated by a narrow neck of land. Re- move the harrier and the higher pond will fall and the lower pfmd will rise until they are exactly at the same height. Apply this to tho wheat areas ot Canada and the United States. ,lt is clear that the price of wheat will rfinge lower In the United States and higher ill Canada, hy rea- son of this agreement, and that a price equilibrium will be reached." With the disappearance of the dut- to 10, Dloc Addt. Terms 5150 Lots. 1 to 10, Dlock 25, Al- exandra Addt.Ternis. H.J.H.Skeith Phorii 1343 Opp. Alexindra Hotel "1 her surplus grain sup- and thus ensured Some Snaps For Quick Buy lots very close to water" and sewer. Victoria Park, al C Qfl Bach 2 jots, corner, 'Block 24, Duff, at each feet on lane, close In, This ceap o an admission, It will bo noticed, that Canadian farmers will get nlBre for 2 lots, McDuff Street, water and sewer, at each I hat Canadian farmers will got more lor tholr wheat, under reciprocity tljan they would under preferential treat- ment In the British market. This publication nI-30 with nuproviil, an article from the London Standard, which declared that one consequence ot reciprocity agree- ment would that price of wheit must undergo I ptrminent In- crelM In of the world.' mill published an inter view with .loMHh Rank, head of a well-known firm of whtat Importers and milltrs, tinder the title: THE Dowsley-Mulhern Land Co. ;