CANADA'S TRADE.

Press, Volume LXVI, Issue 20024, 4 September 1930, Page 12

CANADA'S TRADE.

UNITED STATES ALARMED. (tflOtf OUR OWJf CORRESPONDENT.) SAN FRANCISCO, August 2. The United States is intensely worried over Canadian voters evicting the Liberal Administration and electing by a thumping majority the_ ns ® rv^?,. e Government of the Hon. K. B. Benne , K C On the morning after tlie votes had been counted and the extent of the vie tory of the Conservatives delineated, the financial giants of Wall street saw a tremendous falling-off in traduig wi the neighbouring Dominion. Statistics were circulated on the tape - chines and distributed all ovsr United States stating that Uncle bam would lose business with Canada to tne extent of 500,000,000 dollars annually. This, it was estimated, would result from the victory of the Conservatives, whose policy will be to pass legislation protecting their own industries and compelling the United States _to pay dearly for the absolute necessities that Uncle Sam must have from Canada, especially the hard No. 1 wheat, which has to be intermixed with American, wheat to produce the essential bread flour. In the gigantic trade which Uncle Sam's newspaper proprietors do with Canada in pulp for manufacturing into newsprint, it is expected that a tariff wall will be erected by the Conservatives at Ottawa by which, in future, the paper will have to be made in Canada and thereby furnish employment for thousands of idle Canadian workmen. The policy of the new Government will be "Canada First. _ This fact that Canada is swinging towards protection and a Canada First policy has entirely upset a section, of Americans, and such a furore was created by the news of the Conservative victory that leading stocks on the New York Stock Exchange crashed, some losing four to five points. One of tho worst features, from the point of view of the United States, is the threat from Vancouver that efforts will bo made effectually to keep out fruits from tho States of California and Washington, a fact which should tend to increase business with Australia and New Zealand, besides encouraging tho fruit ranchers of British Columbia and some of the Eastern Provinces to go more extensively into fruit culture for domestic purposes. . Americans realise that Canada has been playing a losing game in the trade balance for many years,_ and Canada is about to initiate a policy to even up matters economically and bring back to her borders the hundreds of thousands of Canadian workers who have migrated into the United States in search of work, which was unobtainable in the Dominion under the Liberal regime.

A great trade development is expected in Canada shortly, with industries working full time.