The Lucknow Sentinel, 1934-11-08, Page 3f`.
ndon Predicts Higher Silver Prices
A report •from London, -England, 'states thait China's decisive action
to check exports% of sillier bas thrown,. the .rat Eastern exchange positron
into 'a state of confusion .lt Comes, of coarse, as the clap¢ to `a teres of
essfpl; representations to the United States'Gove.rumelat to modify 1t$
rateeruying,po.. cy and may well, have far reaching, results, , • • '
What those results may he cannot yet .be gauged with any degree of
accuracy, -but. some. i rnedirte effects can be Stated. , The steilrng
value. of the Shanghai dollar has dropped Since last Monday by more than
14 -per cent while the official rate at which, sterling .is new . quoted ra
equivalent, with equalization • charges for ''anort duty, to approaamate1: 2:
per cent. This of course, is quite prohibitive, and . the 4'hiitese Government
has, .achieved its, objective, stopping silver exports mo one bows..'.
' The cheek imposed upon China's export trade by the rise .of silver ano
consequent appreciation of the Shanghai theist Paas iiipoitent aspect of
the satiation( fit the i
satiation _... !vastignored bycr. a •" '4 ,: '
gu .._ . , , , iuthus'easts mn, the tlni .. atm
::r although the •Wa-aliangton.•adninistrati nn'. m•• 1 ar ..test
what Might 6a' g. o must -have had amge warning of '
Peen Ion before it finally decided Upon its owe Silver policy,,
'• China in effect is now off the Silver standard and•, -is one of tae•eot n-
tries with a managed currency. China is fighting resolutely to avoid a cur-.
rency crisis and maybe she has taken the; Correct action,' -but for the time::
being •something like chaos'e end how; he.,situation will finally deselop
cannot be now•estmmnted. It has been suggested that China ,might be driven'
to .adopt the gold standard, but sack .a' step, app=tra - xtreinely unlikely .now
It seems to be'estabiished, howeser,'that .the•argmenent that' prosperity would
be restored; to the Kest. by a rise in silver is fallacious... , •
'' - silver 'and shanghai + $e
As there ' is now no ,direct tee 6etWeen
. ,,tiai exe.:an
mer is moving tndependetepg. Within one 'Month it,has advanced- 3d, or
about 1-1 per cent !n• that rod . speculatran. las become' w. rid w i
. _ , 4 . de and
b-as.-been',based on the belief now 'confirmed that China'would ''be forced. to
Place ; an embargo on silver .exports, thus .removing one of rile largest:
sources 'of supply, ... .
q 1#e widefluctuations now occurrin' ,clearl: •iad icate'
iat re : sition Which' hich' ' g F id ,d .-eni extensive spun -
position!, w >s more �akely to be the
or even increased
• 'rather• than checked by China's' action and: the evident determination of the
• United. ;states' to continue its purchases, , Still higher prices are' regarded
as likely, although .the •heavy,.''bull position'will from time to time, capse.
Brazilian Traction
Gross ear mugs of Brazilian 'Tract -1
lon Llgbt and Power Co, Ltd, for . the,
n'tri--ot September -ale -reported - t
52,677,7224 as; compared With 52.450.-
• •169 and 'net earnings .were; $1;435,170
against 111,321,433' .In the presioui
>obaLL,'Aggregate groan earnings for'
ate.first nine months• Of the current
yiar amount . to 522,510;047' as coni
paired witk.01,362;167 in 1933.
WHAT TO DO • ` s "�
Acid+Indigestioh
A WAY THAT. REOLINS i1N .•
;AWE IN A FEW susinsFs
people, who ;tleiirb bare.
pmt' or "indi on,"
T doctors say, mer in rcoi,Iry-front
nothing more setioin than ,aeid storr.
ache ;And; this comment ailment can. .
• atoaliy be relieved noir, tett niv^idrs.
'All 'you `dog` is take familiar Phylli s,
MiIk.,of Magnesia' after .meals. This
ads to almost rminediately netdralize'
. the stomach acidity. that brings ..on'
• ntareeble Yon fess like: a new
thus justonce.-Take-ereher the
famiiarli '''PHII.i:IPS'", orthe ,•
nee. p• of Magnesia:•
Tablets. But -watch' mit that` you get •
....the, Genuine PRILIJPS' Milk of
Magnesia. Made in Canada.
ALJ IN TiRIAT 1FOAR[s
Atka Masprest' lib
kb are.naw as sale at till .d,n g
:. tares,. everire e: !Sada fir/
tabletegoisibroto
a
of Genuine
PHILLIPS':
. /L1 il/agreaia
Men who go' to caiaventiolis lean
elth'the Very best of intentions of at^•
-L•.., 'rgding at;, les t one sesston•
•
Latest reports fiom • the Beat • Ea:
ploration • dc' Radium. • Coaapanp . opera
a mg, the Great Bear; Lake
tact, state that the'. wise. being., drt-
Ten to ;the eurjace •is' ug 27 feet with
about .60 feet .tit '!5o The ratite 'lase-
tali
aga.mgup in rock' adjacent t,�oq the rein
and when 'completed a•headframe• will;
be erected and the ,opening used as,
a: shaft.' SMkIng to ,the ' 300,foot •
level SIB thea be :resumed, On the
tunnel and ' first Ieielg serail. hurt-
dred feet ` of drifting 441s.' drone
on .the veta ;which tilieWallighishies.
over good widths. ^,` ' •
lthe'cdrepany 'bas supplies on hand
for the neat season. all paid fpr and
has suibdent dash In the'. treasury toe ,
take care of the ,development';ccm .!
paign 'planned for''' the': next year....
Ontario' U 'Id Production Up
Prcdactnon II from, 'Ontario Gold,
Mines im , tlhe first • nine months' shows'
again of. approxiratele '41 per cent
as comcpared with -the same pierlod in
1933:Pigured In terms • of Canadian
funds, outbttt for flee period amounted
to ;$52;233,353' as against' $3"4047.9501
last .year..
;The Kirkland Lake eap .still Dead?
the. Way intpoint of value with total'
Or. the :nice rijrrths of 525,771,430 as
cosaparecl --with'Porcupine's 524.440
339. North ,Western "Ontario..flgures
went over, the .two .million dollar mark
an Increase of around •••80.1,' per „coat
over, the 1333' figures and from. now
on Dt v:outd`seen' likely: that a steady:
increase nn prodnetfon may be .antic,`
fpated•frogi this section.,
r, Then
Rr
Try KRUSCEH.'
a G EXPENSE,
If yea ,sager from loss of .1G
Im,'-gestion, so{?r , `,stomach. or a **Rue
fc^_:rrg after meals thfre's w t iln; trice
•i�ruscl.ea for relief Tbe;cttle v dA e'
of Ynasheu 0ast•sthmubtes tine Bow of
-tttc truces to aid d e tion.. and then
err ores a corepkre, rwilar and•
ri=,,r7 f!'i9nI :0 all waste: Patter
d -
If you stiffer, you'll welcome the
op4or'tur itv to try. Krusc$en '"a Po*
positiVe6, free of, charge task your dru'
gist "for theKrischen Giant
Thn is. the Re Alar bottle; togctuer''illi
...a separate FREE.. TRIAL bottle. Use
the Tridl bottle 'first- Then if Yon ar
•• not entirely convinced. ;that Fnrschen.
•will do everything claimed for it, tern;
the Regular Package uno'ienedto your
rug ist and he. will redeem it .et lull'
But ant,
:., gtndilg .or your Free. •.
Trial -Th the will be gone. )(our .tkoixistr.
has oo!y". a ••Iirn ed , -
Moderation. Best
Honey is delightful, but too much,
breeds cholera' and. disease.' Fragraht
Hewers are sweet'toell
sm ,and, made-
rately,used. refresh 'the brain, but ex-
cess causesheadache- tight Is pleas-
ant to the .eyes, bat too much staring
into sunbeams dazzles. or •blinds them.
Moderate joys and delights are ever.[,
best, least,• hurtful inose contentful,
and comfortable to Our spirits, where=
as intemperance, immoderateness and.
excess mar, all.4/leasure and delight,
tbpugh tnemirelves never •so pleasant
and delightful —Spencer.
,
n
01¢. SUTTER,, SURPLryLJ(S'rem 'DROP E
tN• SALE$ FOUI,NP !ROIL TO .
'NATION'S FiliAhiciNG
Weilinkou h.Zx:Unless; Measly and
effective measures..tre taken to,'res,
cue. New Zealand's : dairy, industry'
from its, preeat state. there Will, h
l''b
a generare:4491' n in Snanciat; ro-
lations between mortgagors, nail moire
gagees making it impossible for Now
Zealand Lo. tweet ove.Ivseao debt tats'-
est charges, it was declared. in the
report of the Royal C mmlmlon
which: made an ezhanstiwentr7
tato: the dairy industry.
goidntlons confronting the dairy
indust' •bare assumed 'the peeiwsa
tfoms of a national crisl=, ths' repot •
declared. It` mentioned that the Bin-
ash• market was beinggfooded, by the
Subsidized dairy produce;,from cOUn '
tries, of the northern henytisphere, and;
Australia was, also' fitcreaing 'her
dairy 'ontpur,
• Among other things' the. commit
sion suggested that "alternative mer?
leets. be found'outside Britain for Hew
Zealand's, produce.. It, urged .iarly
approach to the government of the
United Kingdom' in • order to arrive
at ' a 'preliminary under: Landing and
provide 'the basis . for future negotia
ations: ' The• government' should abut
maize available at loo rates of 'in-
terest • tit: farnmers anti•••dairy' prodtte,.
ers sufficient funds to. enable. 'the
modernization of farm ;end fa tor>
equipment and appliance•,,' 'the report
Fisherman_ ,- "1 tell you it :.was
'that long!. I never saw such a fish!"
Friend ` 'l, be leve you."
un
: ' sWri+ght. Harp eaves: PAM=
•In, its ..report for ' the ,fiscal year
'ding August 3lst, Wright Kargreaves.
Mines Ltd:: shows .net. surplus for the -
year of • 53,336;131 which `is, wont :to
nearly seventy cents per !Sham': Te-
Sal' production for••• the year' amounted
to $i 19 and 330,741 tons,of ore,
were' mill ' with ,ark average value of
3;69d.
51an. ' very of 513.07 per `ton,
, After providing for addenda : for
tie, year, includin 'the one on
. s 1)�.
October • let; ' garplue • carried forward'
amounted to 53,420475, '
• Western .Gaud. Ho* &Fart
Net earnthge of. - Western. Canada
Flonr. *Me , Ltd., and its 'snbeiduarles
eProt�con, �!:CodLi*!F 0
A GREATER
ERVE or VITALITY • .
•
• . Winter is a. dange T us period for many of us.' Time gold . -
sod wet are constant remakes to'llealcb, capicicitancuc ...
energy to combaes
8cott's Emulsion gives n'
*inter protectio
because it is' an Bimini:CoOit In a solution of I :
bodytinildinghagpopbospli#tcsof Hine and soda --PLUS
value yoatet hi Scent's nWon of Cod Liver Oil.•
'
THE COD ' L,NER OIL WI1H THE PLUS . VALUE
'orSale by roar Druggrret
•
s•
Tie "Queen. Mary has beensut`_teessfuI1i launched: fttr.•at lv-,
'sty still.surrounds her. Seven Turbo generator sets, developing 10'000
kilowatts and forming the greatest power power s'tation'' afloat, wilt'. be ,put
. in position.: Three gigantic funnels, measuring '.30 feet' in diameter
and 100 feet in circumference, fifteen - months later .will be placed.'
•Sinmolfaneous With this, work is under way on the; deck coverings, ttie:
ventilating system, erection of cabzns and public rooms; laying.of teak.
decks, building of companionways and ladders,. erection of debit
machinery, etc.So• it would see; that the lanncht`ng, while or great
interest. to the public, Is only o e of the many: details" when a great.
•:e
•
for the year ending August, 3 '_t am-
punted to 5276,30E as compared with
$336;166' in the previons•.fiscal gerbil.
leeriest* ."deductions for depreciat-
ton, and bad debts, however reduced
the earnings Per`. preferred 'share to
;4.06 as against. 54.72 last year. .
Working capital showed a email in,=
eivi fi t' 3965,463 while ` Inventories
were nil'. at 51,966402 an:increase. of
Some 5342;000. Accounts ' receivable
`wars radnced to• '5627;029. as compared
with .5669,220.; Bank loans and en-
emata payable both showed increases
at . $770,050.1014 $931,872 respectively.
Narantla Rttimscrs.Spifted
°Rnmora''which were said to, origin•
ate in `Rear York regardingCanadfaa
copper• mines, *ere.. promptly given
o![MMelal dezital, ' insofar as Moran
was concerned ,Mr..T 'Y. Murdocb, th •
Prebldent stated that. 'the• company
has its 'copper sold in •advance . and
that it is 'far ahead in its sales, •
'At. the Mine monthly production is
running at the rate of about 6,00,0O0
poande of copper. and gold output •is
"around " 19,000 ounces or. 'better, ,ver
month. • It ie° estimated that gold pro-'
duction •fe,worth al►prolirmately 700-
000 per°month at the, present, price of
gold.
' It •seems tritely ',that, another divi-
dend;declaration.. can be exilecteii
when the directors meet early
November; To 'date this year 51:00 a
sliare• has been paid whfle last,year
total ditiburstnente for the year .Were
.51.50 per share..' with profits caul tar:
be ruiinlag lieu... over 42.60 vet share
daring the, current rear It wroth
seem likely' that,at least `as much as
lest teal' .inar be antfclpated before::
.the year closes>. r'
If you want to feel
WONDERFULLY
BETTER
THAT SOOTHES NERVES
ENRICHES BLOOD
BUILDS NEW VIGOUR
1
At all good Drug L. Dept. Stereo
Sales Agents• Harold F. Ritchie
Co Ltd., Toroftto. 24
air
To have baauhfnl hair you iaiYet tit
'.,For scalp. �+ x�a'ser+�'o h.�s.. '.
O treats'
mescal," a. mail hair, 'tiff entirely di¢
am:at,otherabampooe itbiabineet eobis
ideal psi Qertiee that bade mads MER
Cream and MER.Soap eo successful for t8.:
trea8tgientiof•theekih.. Askfor a30ctrialpeek
age cL MER SI 4MPOd at drug sad 1144.
stored—taut for;•thrie shampoos afid rub toe
soft perfuril lather:vied into the ecaip. t
tet 'leo. 44 34 1.
•
•
r..
EASY TO
NDLE IN•TH.E
NICHT
SIZE.
You
Heard a
,.Pet Peeves
The• etpression: "O.K "
Has come here to stay,
'Tts.g1ish •the: way .he Is spoke;
But I' long, for a chance'
To kick in the pante
Those 'sweet young.; things who
cut It '',to "Oke." «;
A'young man who -had -received hie
diploma had been looking around sue-
cessively for a position for emploir
•ment, mid 'for -a.job. Entering an of,-
.
1lce, he 'asitad to see the manager..
and •while waiting he said to the of
rice boy';
"Do you snippose• there . f • any open=
lag here for al college giadaater'
"Well, dere will be," was the replir:
ode b en do t rise me salary to•
t'ree..' dollar s •a week by terattorrer
.A kindly but : somewhat :ItatruribilUg
landlady inquired of the young bride
!as_to• how she Would spend a certain.
"Our plans so fir," • replied,, the
bite. a little distantly, "are tentative'
."Oh , 'heir delightful!" exclaimed
tlie. landlady 'Tip,' Fare:. yon91 'enjoy
'damping out more than anything: else
yott could .do." '
• The facti� that fish cannot,dose .their
wee is- the Only 'think :that' 'keeps
them front winking it some of• the
anglers,
Boy Friend—1 bet if Y kissed you.
you would,yell for help
rCrl 1 -'-Not unless, y oa needed'. it. ' ,
o
PlIm Star— ah. are, ram the ram',.,e;�
ran from the terary..AL wM.
proposes: to writ- my autoblograp'lt
Yuen Man -7" piwe. And• I'}S,
valued; to obtain a ew faetla w
rpm Star, • • , . Lord! L au'. •
witut•any facts. is it. ' -
• • Teacher—'Tell me what water IsP
Brlght Scholar-- " .' iter is the stns
that turns black it en ,iron pot your
hands in ft„
•
we -remember correctly-; the -
war willbe brutal; •' we' are 'rel.
minded by British Army experts Well.
the last one was considerably more.
than 'mildly: aanoyang..
AdmiringFriepd—"111 bet that do
of yours. 'ft a gaale one, He looks Ince:,
he would taekle'eltytbiag-
OTor
er-'Well -he, certainly made
six d , run .faster than they ever did
before;
? ,Adair ng Friend $ow d;d ite'ma..'
-nage that?"
Owner-- H'e,rathe'others fan
after him.. . .
Classified Advertising•.
JY' OFFER T4); EVERY t,Nygicto R,
Lint ' 01 wanted' leyeftions and fun '•
inlormaIjon • sent free. The iaaasy
Coiepasa.' .World patent 'Atiorners 215-
Bank Street: 'Ottawa:. °seethe.
ywps' nmaex an* wits
IL�ER
BLOCK'. for pups pure pre$,;
P prolific strain• Slath production,
+aged "by, large- poly sanious dogs. gond''':,-
ir, registered_ Prices res bonabi.:-s.�Wrtohone,R- F
Truro; N.S. ?'
CJfarke R B , ,
•.., '. .•
..
OareaniAar i3saa res
1.�tb aiF'F'ERE-�'7 SI:00 G Efor=
: rE'sr•n 1,3:3 Dundas tit . i;oriitee.'
Couturier. ',
,
ULL leavening power is assured 5--
, Viittil
Royal Yeast Cakes.. • Inde `�
vOuatly, wrapped in aur -tight waxed
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Cakes have been the standard• for
over 50 years' Today --they are pre- .
'ferred•'in 7 out of every 8 Canadian
homes wheredry`yeast is used. -„
FREE—The. "R.yal Feast Bole Boot" to
use when you bake at Lome. 23 tested ,'
recipes= -.loaf breads, rolls, buns,::cofee
cakes! Address, • Standard .Brands Ltd.,
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Toronto•,•'
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++�aM-N.s�'%r•�e.fN.�Jf.a-s•+L.rr o -o
ART ..CONTEST.
TEN 'PRIZES are being offered 'to amateur artists in a,
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y`
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!fie Lee Avenue,. Toronto, Ontario
a
•