Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 8, 1973, Winnipeg, Manitoba 14 Winnipeg free Cress tuesday May 8, 1973 devaluation hailed As boost to North Ameri can grains by kla1ne it own the recent devaluation of the United slates Dollar will make North american Wains More attractive than they were before according to Thomas p. Mohide president o the Winnipeg commodity Exchange. Those countries hat arc the largest purchasers of Ca Nadian grains and pay for the Grain without credit arrangements arc actually paying less for our or. Mohide said in an interview. This naturally makes them More Mot All countries changed heir currency in respect to the . Dollar hut generally the re a valuation will affect the decisions of european and japanese buyers. Canada and the United states will have to Export More to get the same foreign currency value As he said. This does not necessarily mean that demand or Pur chases of Canadian and . Grains will increase however. This Dollar devaluation is Only one ingredient in the Tola International picture which almost defies predict making Concrete predictions is Une tiling a commodity Exchange president should never to anyways or. Mohide said or he will be accused of manipulating the Market. If he says prices will go up he can be accused of in Flating the Markrel. If he says prices will go Down he is accused of depressing the or. Mohide said. Price prediction is for he specialists Only he said. Each company makes ils own analysis about the future Price of. Any commodity and conducts business on the basis of that. The effect of the United kingdom entry into european economic Community on Canadian grains sales to the . In specific and Grain prices in general is unpredictable or. Mohide said. The final of feel is impossible to forecast with accuracy. Within the dec itself Prosperity is rising and the need for protein and feed is increasing. The aggregate amount of Grain to All foreign markets which win be sold is difficult to evaluate due to the numerous forces in inc Market itself. No analysis of the Silti Alion will be finished for several the Commonwealth countries which will be most strongly affected arc Australia and new zealand rather than Canada. They will have the greatest adjust ments to make with regard to the . Trade. In fact they have already developed new markets such As increased demand for protein is really the most significant Factor affecting International sales of Canadian grains in both the Long term and Short term. The trend to evaluating grains on the basis of protein Content is one which applies to All grains in most coun or. Mohide said. This is a very important measuring stick and one which is relatively new. Protein Content is now a question always asked. Canadian grains do rather Well in a recent indication of the importance of protein Rich food sources in the growth of rapeseed As a major crop in Canada. The Long term growth in demand which caused Cana Dian production to jump from an average five million bushels annual production at inc end of 1s04 to 95 million bushels in 1972, has been caused by a rapid increase in world population. This growth has had the effect of causing prices to in crease from per Bushel in 19g4 loan average daily Price in the country of in 1972. The Price and importance of rapeseed have also been greatly increased by changes in the International situation in the past year. Last fall the richest single source of protein peruvian anchovies virtually disappeared due to a change in the off Shore currents. These currents in which the Anchovy strive shifted too far out into the Ocean for the peruvian Fisher men to reach. World Consumers were forced to look to the a Cal Best source which is soybeans in the United slates. Because of partial damage to the soybean crop last year from Snow Many Consumers were forced to look to Canadian rapeseed to meet their needs. The effect of this was to push prices up to various highs. Rapeseed peaked on feb. 20, 1973 Al s4.35 per Bushel for june delivery at Vancouver. Economic investment Trust Dominion foundries and steel l.ld., five per cell a pld., per cent pfd., series a cents May 31, record May 17. Aug. 1, record july 10. Lakehead shipping company Ltd a Al Loti Junt Juni 25 Junt 21 Junt 30 july 2 july 4 july i july i great lakes trans Caribbean line m. V. Stinni. It Phr . Thunder Bay May Al 1973 May Kingston May 25 so. Domimgo my 28 Ponce my 30 Bridgetown Junt z port of spam Juns la Glaira Junt 0 Pio. Caballo Junt Al net Matune m. A Thunder Bay 10, 1873 Juni 10, Monacan my 22 Jum 22 Rio do Janeiro Santos Parangua Bueno c Aires Fallone Antwerp fat Ufir it Vici Sil Lungi on Thunder ony application norwegian America line Thunder Gay subject Gothenberg to Copenhagen induct Fflint Oslo Bergen san Rocco line Thunder Bay Valencia Barcelona Sil Lungi Marseille to Genoa Induc mini leghorn Naples sailings and dates Are subject to change without notice. Shippers should con tact us Lor freight Rales and definite sailing limes. Up ships i the Container Way door to door service North Amenta to United kingdom Europe and Scandinavia via arrive save Quebec. Quebec up Voya Jeur May 0 May 11 up Trade my 13 May 16 up discoverer May 20 May 23 up Voya Jeur May 27 May 30 up trader june 3 june 6 up discoverer Juno 10 june 13 up Voyageur june 17 june 20 up trader june 24 june 27 Liverpool in Showen head May 11 May u up explorer Liverpool Only May 20 May 21 in Showen head june 1 june ;