NO FOREIGN WHEAT FOR SHANGHAI

Manawatu Times, Volume LVI, Issue 5618, 6 April 1931, Page 7

NO FOREIGN WHEAT FOR SHANGHAI

Embargo to Help Chinese Growers EFFECT ON CANADIAN TRADE United Press Association.—By Electric Telegraph.—Copyright. Received Sunday, 7 p.m. SEATTLE, April 4. The grain exporting interests here on Saturday received word that tho municipality of Shanghai has placed an embargo on importations of foreign wheat from all sources as a result of its decision to aid Chinese farmers whose crops will commence to come into the market in June. The prohibition, which became effective on April 1, has been protested against by all the milling interests at all Chinese ports, so it is reported, but advices here were to the effect that the millers did not expect tho city Government to recall the embargo. While hesitant to accept the report of the Shanghai embargo pending confirmation Vancouver grain men regard the action if true as serious. Vancouver has been shipping about a million bushels per month with several cargoes en route and future bookings are reported. While no word has been received in Vancouver of the Shanghai embargo, Mr. Robert McKee, president of the Vancouver Grain Exchange, stated that if true it would not 0 seriously affect Canadian exports which had dropped off since January owing to Australian competition.