FOREIGN WHEAT

Southland Times, Issue 21361, 6 April 1931, Page 7

FOREIGN WHEAT

EMBARGO IN SHANGHAI PROTECTION FOR CHINESE FARMERS PROTEST BY MILLERS (United Press Assn.—By Telegraph—Copy-lght.) (Rec. 6.5 p.m.) Seattle, April 4. Grain exporting interests here on Saturday received word that the municipality of Shanghai has placed an embargo on the importations of foreign wheat from all sources as a result of a decision to aid Chinese farmers whose crops will commence to come into market in June. The prohibition, which became effective on April 1, has been protested against by all milling interests at Chinese Ports, so it is reported, but advices here were to the effect that millers did not expect the city government to rescind the embargo. A message from Vancouver states that while hesitant to accept the report of the Shanghai embargo pending confirmation, Vancouver grainmen regard the action, if true, as serious. Vancouver has been shipping about 1,000,900 bushels a month with several cargoes en route, and future bookings are reported. CONTRADICTORY REPORT. (Rec. 6.40 p.m.) Vancouver, April 4. 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 seriously affect Canadian exports, which had dropped since January owing to Australian competition.