SHANGHAI EMBARGO.
IMPORTATIONS OF WHEAT. PROTECTING LOCAL FARMERS. (Received April 5, 5.5 p.m.) VANCOUVER. April 4. Grain exporting interests at/ Seattlo today received word that the municipality of Shanghai has placed an embargo on importations of foreign wheat from all sources as a result of its decision to aid Chinese fanners, whoso crops will commence to come into the market in Juno. The prohibition, which became effective on April 1, is said to have been protested against by all the milling interests at Chinese ports, but advices received at Sealtlo are to tho effect that millers do not expect the Shanghai City Council to recall tho embargo. Vancouver grain dealers hesitate to accept the report of tho embargo pending its confirmation. They say the action, if true, is serious. Vancouver has been shipping about 1,000,000 bushels a month and several cargoes are en route to China. Future bookings also arc reported. Mr. Robert McKec, "president of tho Vancouver Grain Exchange, states on tho other hand that if tho report is true the embargo will not seriously affect Canadian exports, which have dropped off since January owing to Australian competition.
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New Zealand Herald, Volume LXVIII, Issue 20840, 6 April 1931, Page 9
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189SHANGHAI EMBARGO. New Zealand Herald, Volume LXVIII, Issue 20840, 6 April 1931, Page 9
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