Word: dominione
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When the august managers of the Canadian wheat pool take snuff, the whole world sneezes. Last week in seven major markets on three continents grain traders were confounded by the most extraordinary piece of news about the Dominion pool since it was started in 1924. The moment the news was known a dark storm of selling broke over the Chicago, Minneapolis and Kansas City markets, tumbling prices the limit of 5¢ in one day. In Liverpool, Rotterdam, Buenos Aires and Winnipeg, wheat also went down in confusion. Other commodities, notably corn and rye, slid off sharply. The news: After weathering...
Pool Unplugged, Like Herbert Hoover's hapless Federal Farm Board, the Dominion Pool was created to solve a problem that looked simple, on paper. Since Canada produces about 400,000,000 bu. of wheat annually and consumes only 110,000,000 bu., all the pool had to do was to buy surplus wheat from Dominion farmers and, after a little good-humored waiting, sell it abroad at its own price. Trouble was that Canada does not control the wheat export market single handed. While the pool sat on its wheat waiting for the right price, European bread-eaters bought their...
...result is that on this First Day of July, the sixty-eighth anniversary of the proclamation of a united Canada as a Dominion, we find on the record...
...upset by all this was Maclean's famed Saturday Evening Post of Canada, that its editorial on the Glorious First (Queen Victoria established the Dominion on July 1, 1867) was devoted not to the usual fanfare of Canadians pointing with pride to Canada but to a full page of viewing with alarm these and other Canadian troubles. Cried Maclean...
...circle of sixty-eight years since Confederation finds the General Government baulked again & again in its efforts toward desirable Dominion-wide legislation by the 'rights' of the provinces. Upon them has been bestowed so much self-rule that Professor Stephen Leacock has grounds for wondering whether America eventually will have a group of 'Balkans' to the North. . . . Last year, collectively, our ten governments and nearly 4,000 municipalities collected approximately $690,000,000 in taxes. Did they spend it all? Did they! All of it, and a combined deficit of something like...