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Rainbow Ranche Collection

Letter from G[eorge] Goldie to James Goldie, August 10, 1909 Goldie, George Aug 10, 1909

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 Star Flour
The Goldie Milling Co* limited'
Ayr, Ontario, can ada.
James Goldie.  Esc^.
"ppri-f- -i of tun       "-■    S
Dear Jim:-
Aug.   10th,1909
le are to-day in receipt of your telegram
advising that you  have     draft upon us for §4000*
xhis will have our protection.
have our statement si:iade out for the year
and they show a surplus of a shade under 17>i.  What
the dividend will be has not ;een decided upon but a
at deal will rest upon what Jack thinks of It.
The Government report for the wheat crop in
the United States was out yesterday and it indicates
a very large crop, much larger than the trade has been
figuring on for the past month.  720,000,000 of winter
and spri..    what the trade would naturally expect
from the report.  This, we think, is too high.  In the
meantime it tl breaking the market and wheat has been
going down very fast.  The value at_the mill-door is
S3?  £-^   ' o-day we nought one carload at S^r   outside *
This is the lowest price that we have heard of for
carload business.  We are holding STAE nominally at
3 St. John, Halifax but we expect to go to §5 #75
tlw    ok*  We are going to have a Yery  nice crop in
Ontario and as soon as we settle down to steady values,
look for a good trade, both domestic and export.
have sold a fewcarloads of both spring and winter
wheat flours for Great Britain at about the highest
point of the market but since the break, they won't
bid any price at all.
Yours truly,
. idfiA*


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