[6 The Guardian. Charlottetown. Mon. Dec. 2. 1ll§_3_. Wheat Gives New Boost To Canada's Trade Siaius By GREG Max-DONALII Canadian Press Staff Writer Canada's steadily rising world; trading position got another! boost last week with wheat: again supplying the impetus. The Canadian wheat boardl‘ Tuesday announced that Com-i munist China had made a sec; ond 18,700,000 - bushel purchaset under the long-term agreement signed last April. ' Worth about $35,000.000. the wheat will be shipped from Pa- cific ports between Feb. 1 and June 30 next year. The second contract. the same size as the first. brings total sales to Cont-. mg markets overseas. Some, and end - of - December fig. of the big trade deficit with the; urea are available. United States also occurred. ; Turning to the busing” om. WHEAT SALES HELP I look 1964, the investment A bureau official ‘said that of‘; firm of Wood, Gundy and co, 20 leading conimodities a total.‘ _Ltd.. says the general prospect of 17 recorded increased Ship-t is one of further growth. “but, ments. One of the main stimu-t slower growth—a rise in gross} lants to the surplus was 111-‘ national product of three to: creasedh sale 0tw\t'h'ea£; trongjei-t ‘per cent instead of six per . ‘rance, cs ci y_. . , South Africa, Japan‘ ’ 1 and Yur:0sla\'ia- j SOARED SKYWARD The trade figures do not rel-‘ 1“ 1935_ . he1.iu,m_,;med bat, lect wheat sales to _Russla. loon ca-fried two me“ u, . Their effect on Clanadas ‘over-‘ height of 13.71 miles, a record all 1963 trade position wont be for manned flight that existed known until end-of-November for 21 years. mtinist China under the agree- ment to 37.300000 bushels. Communist China has agreed to take a minimum of 112.000.- three-year period which started last Aug. . The importance of wheat to Canada's trade position and - of — payments prob- this year is becoming more apparent with each sale. CALLED LUCKY BREAK Finance Minister Gordon said in Ottawa earlier in the week that Canada might be facing “very serious difficulties" if S/¢PlEClAlS up . /-if//Wm////tttttiii ti\\h\ai\\\\ SLE STARTS MONDAY VALUE PACKED siircitiis VIKING 3». 1.. , . General Electric tree lights are light goes out the others will stay lights. if one individual lit. We will check and inspect your present sets free of charge. NEWSON ELECTRIC 161 Queen Street Dial 894-8325 it hadii‘t been for “the \‘(‘i‘_\‘ lucky break of the big wlicat sale to Russia." In the same vein, Jean-l.uc Pepin. parliamentary secretary to Trade Minister Sharp, said that because of big wheat sale; Canada's exports to Communisti countries next year probably will account for 10 per cent of total Canadian exports com-' pared with about 1.5 per cent prior to 1 1. But apart from wheat, he said, “it seems unlikely that . . . we can look to these coun- tries for any dramatic or sub- stantial change in our tradi- tional trading patterns." Mr. Pepin, speaking to the Montreal Advertising and Sales Club, said that next year the Soviet Union and Communist China will rank among Can- ada's largest halt’-dozen foreign markets. i*‘roni.()ttawa 'l‘ucstlay came news that Canada's trade stir- plus at the end of October this year totalled $249.600.000. com- pared with a deficit of 3.25.400,- 000 on the same date last year. The bureau of statistics fig- ures showed that in the Janu- ary - October period Canadas world trade position remained buoyant as a result of expand- BELVEDERE Santa Says Shop Here For:-— Childreits Wear Ladies Gifts Men's Gifts Groceries Open Until 10 p.rn. 7 Nights at Week St. Peters Rd. Sh:-i'\vonrl sarsataesivmaesssamsiroareerfifi ifi insert inside at tough vinyl fabric outetr cove . ‘V RED HOT At big savings!‘ Buy now! ‘A! 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