The Lucknow Sentinel, 1938-07-07, Page 2,
„ 'VA ellaYanth fiSealleer Of .6411.40a Packers Limited ended MOreh 31§t,
*elite After, DePreciatien, Borid, Interest, and beecienta •
TaX, 14. • e. - • eee,•-e. $1;100,549.44 „
'.Eani.eatents• on 200,000 Sham; tr!---...e..05.59 Per Share,'
014 of•thla stun, it has been decided to distribute, during .
'
the current fiaqal Year: AS Plvidends On the Common
' ShallOt• •iette,t).09,00
That 43,0/ Pe▪ r Share. •
The year began well. For the first 7 menthe, -e -April 1St: 1937; to
ber 1st, 1.937,"ee. :Profit's:exceeded a/lapel:it the•Pretiotta year by ;1004000.00. But
'frOM NavP3ihei: forwardProfits "declinedTbls
decline was brought ahdat by the -eeonemic. reCeSsien which, Set in
tetioAt, Midsummer 1937, 'In• the Peeking InduStry. the receasion. registered,
ttit so imuch in xeduced Volunte, as in a drastic deeline iii prices of, certain
o.
namodities, chiefly, ••,-PrOducts;'. : , • '• ' ,
The following, tabilesillustrAtes the extent et this'lleeline as between' Pere.
tember• 1st 1.937 and March 1st 143S. • • . •
• , Price per lb,
• .,Sept. let, • • 'March
' Hides, Light•Cowe. Torento4 ' •
'151i.e, • .6.e •
• C•alf Skies, • :e4 „.,
%;
:Tette*: 5
, 2414 '4"
1-Srn; • • •-; • • ' 231i 112.2e.
Vegetable Fats' ", • • 0.7-- r, • . 4.$5.
On,theae Prodnets lar quantities ,of Which must always be'earrie4
is a necessary part ot operations,. Canada packers took enineentory,Loss of
more than one -halt illiou Donors. This 140sO was inescapable. When Prices• .
again advance a corresponding Inventory Profit Will be made.' " •
.•
•
,
The Planteeitension Programme, begun about 3 vearailk6;,..was•-eoropleted
•
In January; 1933e-when..tineraPqnS commencedl in the new Veneoiver Plant,
That prograMme has involved,a total expenditure as follows': • •
Year ended March, 1946 ... .... • 304,091,8e •
1,007430.72.
1948 '
1,16e,953.41 '
erotal• . ; .. „ . . : .. . .... .... • , •
From the tinle of itb Organization, August, 1927; Caneda;2P5a1c3k115•s?4m-aiii
ohjective,--coritinued for 7' years, -had l beet) to bulld up Working Caphial.
But it had alWaya,;beeo recognized that the COmPanY's operations Must in Wale
extend to Alberta And British Columbia. The decisben so to extend was made'
in 2935. hi addition certain jobs ot. eXpansiog and repair .had to be under.
taken at•the. older. Planta. • • • ' ' • • •, • " • ,
. ,
, The buildings and •equipnient; or tbe.ComPanY Are now ;in excellent yen-
dttion. , The tie* Plants at Edmonton And VancouverareOf the best type ofPacking House e
nxc one -and are also amongst the finest examples of
industrial. arehitecture.in Canada,. ' •▪ •• ' • • ' • . ••• • im
, The .to.itRietion of the Plant extension peogramthe has enrolved a, reduc-
tion in, Working Capital, as follows: • v• • • . •
Working CaPP•11, as sheeen in Balance Sheet March, 25th, 1937'•.... $6,842;769:72 e
'Profit. for the' Year *•• • 4;1;100,559:43 • •
Depreciatfon set up ' • •, • A
Trapsteee• front Depreclattbete•
-s
selves- of dint -bits Set up in re- '
0
speet Or properties sold during the • N
year. „.•• . •,.. ▪ 231,291.02. ..695;468.53 • 1:706 028;01 JD
, ;
REPORT
SHARE1,101.0
' ;••
1937' e • • . 19,34-
1.4
M. •
It the Canadian tirice coold be brought UP to the let:el of theertaitish
• , Priee, the Canadien -Producer would receive for his Box§ an extra
13/20 miilioniPollarg per Year. • •
•179 interpret Market, Opportunities .euelp this to the Prediteer; and to the
GOvernment, is one. or the. Packer's dotie.s.. For he is the itinlY Person
in intimate Contact with the Producer on the ette hand and Piglets fele pro
duet Q11, the ether: . • e.
• • • '
From the 'point 'or vie'ty or the Producer, the -e4t' Was 'profitable as to
- •
Hogs
and•dietiPPeinting to Cattle. • . •
Month by month, average prices for Hoge were ae. feliqWs:
•"• 'tBacou_froge f o•b Ontario Coentrv *little/
• • 1934,• 1935 1936 1037 193;
January •-•-e-7:40e 791e. S.1Se .4.21e' ,-
Februery". , , • 7.85o , $.24 • . .7.93 $.67
March , e•••••• -e,' '• 74.3 .8,15 • 8,16 7 9.47••
7.;99 8.02. •e° $.40, '• • 9-54 •
*7:31 p:st 441$2;114arted.),7,
, • .
•
• A 'S•9,9. ' • : '
July „ 8,90 •••• $.71 e` 999:
August . 4-e; ; 9.16 S'S9
September $43 ;.• 10.17 ;
Otober . '• ',746 • 3,37
IN'Oreinber, • .• 7.24 7.24, :
7.35
Deceniber • • • `1111 ' 7.37. 7,a5, 7.86 7.97 '
•
A`•'era.ge-fer ;'ear • " r 7.S5c 8.21, c 8.99e. S -79c 9,14e .
. •
-
During Part of the year the Prieee'ot Grains was 4140 high: •To thePro-
ducer wive had to buy his feed, the relatien,13etween Hog and 'Grain Prices at
times. censed. AnxietY.e. HOWeVer, 'eneet •'Farmers • do net 'buy. their ?feed: They
"grow • it on their Farms. And 'the Farmer Who • gets normal crops of wheat,
Oats, and Barley, and, converts those into Hogs on the basis Of 9•cents per lb,
gets a good return on his land.' • Since January 1933, when the Ottawa Agree.
ment came into operation, 0,Og Prodhethm has witii6ut 1:14309n been the most
profitable breech of Canadian Agriculture. • ' • • • , •
• As has always ' been the ease in the, past, that Farmer has done beSt who
continued, • ; •produce Hoge. all the time. The unfortunate Farmer is., he who,
throeele a t :ries of Crop failures; hat been forced out Of Hogs. And there are
thane: elide The evidence ot• this lies in the, Rog delivoie's of the Prairie.
Prqvinces during•recent menthe- ••
. • ..
: • HOG ,GRADINGS - •
. 'Alberta Saskatchewan , Manitoba tetal.--Prairie••ProvinceS
e•
e•, • • • •• Percentage•
1e37 1e3e ' 1937: 1938. • 1937 1934 • 1937 4938 :Decrease.
anuary 77,694 74;584 2,10,92e,636- 63,322 45,402 173,129 '141,623 18.2%
_
ebruere."?. $5,138 67,0.76 -•34;262•15;4e1 53,393 3$.27,0• '172,793 1-20,837 •30.2%
arch. • 106,704 Se,81.7 35,046. 15;945 46,711 35,029 ,49S,401 138,391 30.3%
pril .-44,352 .c0,963 304341 14,635 43;412 2,6,042 ele8,105 '101 640 ". 39.5%
e '
lay '• . I.5S,5-0. 21,375 12,249* 3,65S 24,957* 151,924 95732"' 379%
une • • 94,297. • 33.600 • 45,733 • '• , 173,680 ," •
uly „ • 23798 • , •• 3040 • 14,233 -
ugest . 2,11;424,-,.. 90.203
-
efiteiiiher-.35,145 ,• • 16,995 • • ' 27,153 :
etober 46,977 '. „ • 24;450• •• 38,489 ": • 10799;'921916.,,,
ovember , 91;915 • , , , 39,972 " • '• ,194,406,,,
eeenabee. 90091 ',*, 29,455 • 50,940, " 171,386 ; •
TOTAL, 914;692 343;967 345,e55, 79,956 :43,9,932.174,360 1;800,579 493;223
*May estimated. '• •••••••• ; : :•• "
, • . • . ; •
•comeared :to the previous year have been: • • " • • .4 • , •
. For the 5. months January to May 1934„ :decrease of leog,,M47etinee as
• ,Number of : Percentage: ;
decrease
Sas79;katcheWan:
'Manitoba ' 10824:177 49.8
189146
•
;344% •
•
32.0
Less'
, Investments .In 'Plants . $1,393,244.43
Less Book Value of properties, •
sold during, the year • 231,291.02 $1,161,95'3.41 '
$8,548.,797173
, • .
'Dieidetids •
• • 600,000;00: •
Serial Bonds retired • 750,000.00. .• , . :
Transfer from Current to •eon-Certene'Assets..... •89,051,58 2;601,004.99
, . •
e7afotking,Cepitili es,•ehewn in Balance Sheet' March3late e944.e....$5,947,792:14;
•It:lahopecp*OW..t.teseetie down' to.another period' of rest; eo'. far as Plant
..
Constritelitni iS concerned, and to start agate blinding -Up 'Working Capital: .
Total Sal -4 tor. the year were ' .' : , : - S.4,145,S96,67. --
:, Total Tonnage' ,.....e: . . . ..e.....e....e..•........: ....- ', ... ' .1 . ' . 336,4e0;547 •lbs:
• The Net Prot, (4.--e41:100;559.44-,..-.) is. theretoie,...equit'aient;;:to.;.-- ... ;.. , •
1.3 •• pees:lent f •Salea- ' • or t ' •
.. .
ePnroaLnately. ;•' -,. : lie per lb. of, product sold,
The t011owingtable sets apan..arialys-iifor 4,3-e4„rs, in:Percentages, stew-
.- ,ing how" thetotalsums received from Sales were apportioned as •betWeen
cost of Lire Stock, Expenses, and•Profite: • . ' ' . . ' •
Year ended,_
• ;March • ealarch '' 3IaeCh , . March Average
1935' • . 1936 ' 1931 • ; 1938 4 "rears
Cost of taw •materials, principally 1,...
:Live Stock ea..e,.•. --a-„.:; . ...e.• '78.3%", 73,6,5 ' . :• 7S.94"; S1.2.4`e,•• 79:25.;
Cost r! materials. and Packages '• ,3.3 . • 3.1 • .3:2, .47 ' • ' 3.1
Wages: And,Selaries...ixtcluding.• . :: ' ' '' li
..• ; • ...... .
•
ES- Bonua. ............ • • s•S : S.S 4.0 • Sea
Pensea .'7 -:_,,"---....-----.4.-:--:-::. . , 5,6- . ...5 .5,1 ' 4.5 ' ' 5.:"' • .•
Interest on Bonds • '' ,:2 .1.
. ...
Taxes
• •
' • •_-__ „......-..........e.e.._:. 0 . -.7
Total • Co.. k'..ef•Produet and :
Expense • •, .._ 96.9 • '97,0 97.1 97.8 " 97.2
DePreCiationee t • Flied Assets 1.27yeee11.
Profit trona:op:era:Ions - 1.9 , 1.9 1.9. • -1..2
Ilei& eeee %- 100, % cee
ncome front laveremente '
Tceileterofit, including Income
. •
irl? .. In• TeStr6ei3 ' . 2`-'cr'c 2-6% , 2.1% ' ' . it% l•tit-
. •
The Farriers te. Canada, Per-detelatele• WeeeeeenCaziae. of :ate have had A
,
eli.„teeee. le*ee , weeee ',-,,e„e. s.l.L..k.-tie-47-A-s..m tarreeee atrtegglitee. to ra.i'se Hoe§ 'an
• Oittle. throtet, cen. n- •f- ee _• er 4 rec. '- a..:.: • a.o reg-Cemeeny Itas
ce a--.1sez Pe -0:52: qf a Iton Dallerse itli..e. :eme_1,1 *made:. :if be ceetreeta., the
_,ot of the I.- „:.• Stock Peeedtcer With-eha: •of'she p.redeiaor. \Ilia: he may net
, '„
reza'te: is-hai ''',..h.e. leallion DellAre der4te- e -e-- 's •'•e ' - '
..,_. -•
: veezri•ea.=•• P•t•r•-•":--s which hare cost •alePrervieee-ey •4"0 leriliclase -Ire Other words
't1-....at."tile•it--rit, theaugh',:argte.„,..is„,..=a11,1m,r,"elstith to it'vesizterit .1=2 to Totatbl'#.:-..
.eeeeeeeeareeeee ,,,e, ze......,•-e-, -0' -•••••,-----•,..• - e,e,--A
A ,....v.... - ' , A 4.1.1.r. ' 4.4, ,4).. - '......1; ,:.t......,..-F.:t. , ... .4 c.
Ott' de ..e..ace. xlereeee' -of, Salee: ...bee Pieker eeyea-,
To -.....te, reamer ...e.e..-..-......-___:..- - .... .....• „ Tel. eents •
• Te .E.tanloyees -.- --;,---e-e,-„e•'- - - e- •-• - --- -.•••••-- "
:To•St•-p-eleaers•ef•aeatezielee, and:tor.intdrY:E7P.110.'„ ' ,'1:
Fizaebee. 'ate Taiea. _.......te-,..........e.. ..e. _..., ... - .....,..t...- '
ees Hemseif /e•.---eaee_es.fer Deereteateen zed est•te ••-•1!esse'""
Laid •
Ike P.r.,::21 ..... •
•
3
Alberta
,
Total P.rairie, 266,199 . 30.85 - •
This decrease is due entirely to crop fat ure. Many Farmers have no feed.
And in many districts there has net been water for Live Stock.
•As this .Reptert is written Cash and October Grains are quoted as follows:
Fort William, • , Equivalent at Farm •
'A
•Cash . ' -October. Cash • , • , ObtOber
,
Wheat • „„,__, per bu... .per • bir. per bit, • Per lb. per Int. -e. per lb.
• $L17 .., , 75c $1.01. ' 1.68e . ••59c. ' .98e
.33 .98 24% .72
Oats , • • „•:44 ' • 35 _ . ,
Barley ••••• ----e- ' 53' 57 '''• .39%. • .82 . 43% , :90 .
Based On October' prices,' the cost .per lb.' at the farm of a • •
e . • ... • % ••
.. . ..
Mixed ratione-One-third each Vkleeat, Oats, Barley, would be •• $7e ,
The.best available eetiinate is that in Canada, on average, it takes - 5 lbs.
, of drain to produce 1 lb. of Hog:, ' • • . • • • , , . - ..
, Accepting this as the hails,and estimating the -,cost ' cif the. Grain .at
Octo er prices, e cost o pro umue-• ogs• „farrowed ctober forward would
be: . • ' .• : -
•
, • e z8c : .or4..a5C Per lb.
• thitheghoua1934 was aPPreximately •6.8ec .* •
; ' •" "•' 1!, 7.bee • per lb.'
193S .to • datele • 8.14c• per lb:
If a price obtains thrieuglitnit, 19394,equal eeen't.oithe ieWeit of, Pl., 'above
Yeare, (19 -14),, -„there will ,he•a Profit in •producing Hogs as follows:e-
Selhng priee' ..6.8ec . •
•Cost price ' , • e 4.35e eler. lb. .
The average eelling price fee- 'Bacon Hogs. f.o.b. Prairie points
• " " •
1935 '4 '44 : • 7.21c per lb
1936
e
e': ' ;1937 " 7.70c. per ib
Profit• ... • , • 59c • per lb.
• Per Hog .000 ib.) . •
.
S. faToztahle a Pebepect is' bcieed to 'bring ahem:: a• large ineteese in, Hog;
prodnetiOn r`If a goOd prep is 'harvested this year on be prahliet Ithefe wiil
likelesie-ineresseeone-reeeevebt•'e"edilive
FOrtuna,ely, Canada s Bacon Quo:a n Great Beitain is 'such that a vete'.
large incfease cat 1 o abizorbed. That Quota js 2,5004-00 Hoge. .
• Daeing. 1937 shjpmen:s tptated L600,499.1400
5 reoehe of lees (Jeneary to May) shiPnients• ' • :,•
,have been. • • • • ,'a74; 099 •Hogs'
„Shy:et-1_44gs fOr the Yeer 1.93$ Will probably Idtal e 1.500,0e0 Begs
.
.se. that.inereised shiPmeiss. eat:E.:Albetxtatie •ef. one mioe Hoge. Gen
a large eroP poet/Me ;hat may 1939.-eer reoee fikeeY in 1949,-Caeada 2::1 he -r Qte:a. •• • , .
. ,
. •
The caledieeen aboee• of produetion cost. ie. made. or, basis ere.. 5.
ja,e11 Gran 4C1•',Vhea.. fe Oats. Barley. to 1 lb. of, Pic That
the„ retie aesteralae: ercepeedas re -presetting ' ai"erage Cenadian
. •experielede., • • ' • • ' ' , •
lea. cents
• 4Ttee."P.Pater reetteeer'ee s,errit,e tee -ea kK..4" L4'e.2 • r
_
••-• tr-4.r.e. , ,eeer ',:e,"*.ette•Ze.,•the. heraseheeder t eetazlee boy 11:7's.`Crit:Zei -4r4 ,,' 1,pir4,,iilogsv..
'•''.7".1e':Pz.tket 2.7.A. t....s--,▪ ..z...t_bt7F4.• !:::,-,:o'l4',...i. BiS-5eh.1Z3 is
';:mettfixelee the =es:: ,art4ateeble, Ma as' thee te offer •theM ie.': eet:e1-
4••••teeese ••=t-le.e..ef'the;• "ied 'im w4eieh thee. W4-- ";r4-4 '1-'4. •"eehee•-. e4;e'•
e '" e. 1:*.tke'r t.,..rxtsta.: eeeke r -e.:* tea.rkets, te......hes•eere.•it tereete•
i•-,=.4.: t.., .s• market: ;Mikes, at. extes1Prefit ' -1-it, its. iS te:',de,:e•de ir.te that
,ket l'•e,:,-leattepetreeeg. Petters. ..,,This' ToMeetltiete ee...........:'edeteeee • te:ege the
.:Faieker's.. Peclt• Peek. :3:e: no:raal leve.:- :it to ,:if Vet
t' re. eel* e-a-ke'i •-.--4 et O.:he-Peeved.' - • ' ; • he
t.
•... , ,
. ; : The
is. !se.,••.`--zt :Vast lz-smi., eA, • st-74:,ta i",....usttaticm.- 0:. it oetz....-...4.i.'
. iceareee cl tt t F. rrizet whet tr.e Bre:Ish dreat-eze• for tacree *es epenee tip t"y
, ' the Otla*a,AgeeeMeOt. Withiel 12. •r.-4teetets ;2,1"ae•-th leee, t;':i mee:e„ :: 34
atieeset le Ceeata edear.e.ediftem i'le zents lee:el:D.averpee,leeeel ef 'Mere
• thee • ,•S: ;tee The Packet was the tr.:Etre...mere; through, *:,t -i•;, ,:.4 ''''''-'
, ‘igt.1 •realited. H. •sharei :e the. ler:sae the....•::::41 an extraPr* 4:,:,: -.Ing tee
• . Peeled of :he 'a:IVA:etre. This ,ettre• Pre•2't Wee atir..Ox'...anate:y C.. ''' ,
per,c•Ett ei, Sit:e.e. Bet :11.4 rar=orls -advinee it.a.:e free"' ';,,i leeese te, an"
$' tett ievel.,,ttear:y 2.',t(o'per tett w end"thee rem..e.i.ted„ •', •
,
Tee f .-
ee - a -e tec.• '"„:..- •ea,tmenh t•t. -ev • es. 'Fe c's.•-'•-•
1.. . Ai ,.•.‘ II .... 4....-..... ... ay.,. ••... 61,.. *•••••• v.."... ,',,,, , .. •-• .. '•••• `,.
'
fundaieettel re:alio:tee be:Ween, the Par:ner and the Peeker. 'h -ay
, intemarited as fettevoteee' '
When Pt:it,es ef Lite.Sontae, che Packer tiakes'an,ektra
Conversel,Y, en p-ies dee :he :he paker'..s Prott ,is
Thetetoth, the Peeker *eke tanatant'IY for big 'Live -Steel reiees-2 "
, Bee tbe •Aelter. Wt\thin.hiS toWn c,at •do
„ • , .
AdVancee totne front tie° niait totlreet:-Le:
e(a) IniPteeed mArkets:-.=-LeXAMPle, 'the' rardd Od'r ee ffr,..g eeelee'
rived front the Ottawa Agreenlent: •,Itepreeed.,markeets ar'e brought
abentineitilyhy darer:it:fent aetion • ' • • • .4,
ehl Better Lire Stoekt=e-elatieple, ,Catiediat BAN:tti t
market at $7'.• Per c*t. than banish ,l'atott.,--be• ttattse t: it tot to
rOod, • '
' .
• l'. ., But 'in: etery Price Of tanee.da'ehere are *hentired.• a .of,Faentere ,,
-eta ere p.:••tdeCitzge Hoee.s, on a., basis of .., , • • .- . . . _ :ee. •,..4...:„ • 314:
:, • Arid an Denmark:the averege for the•whole cf• c ' • ' ' . . -r,
,,Inete, eee•challeiageing,fi'gureete • Tbeir ,sitificatee is thee Ji eyerag.e pada
ien f4editac eZ.ci'et0 :were brotehttp to the level' of Danieh effitienCY.:•th
Dlt cl- prodeeineHegs. woad 1,..,?. :red:Iced .otie-quarter,; .
*, •
THE WORLD .
AL LARGE
• • CA'NADA,_
• THE EMIIRE;
CANADA
Whenthe114:411 Starts
4- The howl of the timber -.wolf
Will • be ae nothing to •the howl
that will go. up if they staft
• ing railway tracks Canada.
, thliCato
• sfc:ilTbht :T,dre*..lieBietnn4tr94kineoln‘;:ta,s110
is
elitninate graft and corruption
from politics without elinthutting
'politics, -- Toronto 'Saturday
Night-
•
• 'AdiPPteii to the Times
Collitegwood. reports ea 'hail ;
storm with ice the size of :golf
balls smathing down • crops. • The
'vernacular of the day is going •
emodern, as. years ago hail stones
Were always referred to is ,being
:as big as hen's eggs.----Peterboro
Eiatniner.
The, Prison .
Penologists • may differ as to •
the recommendations.; but the
Men who -believes that . litineatte
treatment, •of prisoners is, in the
end,. the wisest course„and. is the
only way that, teform can be Ae-
coniplished-7-no.cl . sheeted be
the Main. objectiVi) of all Prison.;
Ccefinernent-revill indorse the re-
port. • London
.• The EMPIRE
In ttle7dinlityerelpstbsSeOlaanlcl Observance
•
it •greatly to be honed that the
unofficial compromise that '
• been genereily. reached „between ;
-aneietit.elaweeendenmaernlairactiCe.: •
will remain undisturbed. Public
opinion teday. is on the- Pit
ageeeMent- with the, principle, en-,
, ,unginted by John Stuart MW nenr
, ly a century ago that "the only
ground on which: restrictions on
Sunday anenSements, can be de-
fended must be that they are re-
eligiously wrong; a motive of legis-
lation which can never • be :too
earnestly- protested against." The ,
banning of harmless Ways of. ene. I
plOying Sunday leisure would drive
many" people; not into places 'of
:worship, but into' far less • in-
nocuous : methods of the.
day. Leder modern ceaditions.,
there niust be a Measure of tol-
erance and give and take on both
, sides,' sFew in \ this • country would
-like to see a Continental Sabbath
invol)-ing„merely another working
day, for: a vast nuMber of •people.
whose Notation -lies in: serving
others. But an. attempt .by legal
-enattmeet to restore the Sabbath
of, the Puritans would be equally
unpopular.-Johanneshurg Times.
. ,
.coia hoarding is being reported'
• The next- great: advance in "Pig h.usba'ficirY in Canada will be the general
use 'elf a' balnced ,ration. The facts' involved Ile:longer a matter at
sPeculaticm. For in almost every, Pig: prodaelogeirea individual
Farmers beve achieved a. feeding efficiency. as high as 3% ileeivith,ged• with-
out. skimelaillee• When Canada has Achievedea standard. of quality and iileo••a•
standard of feeding efficiency ,equal to that of Denmark, then it will not. Again
be possible t eiDettnnek to push Canada off the British Market. For, granted
,equal quAlit; and equal feeding efficiency. COnhda••is .endowed by Aature to
produce Bacon ;Hogs more cheaply [hait ,DeUtnaek.. And there seeni At last a•
Possibility 0! Canada achieving[heof two. generations; that, of becem.
ing the dominant shipper to the Blitieh,market, •. •
lepe to achieve this objective there Is stilt a long WaY 'to. go.
,
In Cattle •the year has been disappointing.• Tne*seaton .19307 had beet:
a very seccessfuleene. •-Feeder e had made large Profits. As: a •result, in • the
Fall 'Or 1931 niugh larger numbers of Cattle then usual Were put, on. feed.
Demand eotethe feeders was so actiVe .that prices were ..forced • up '1 to 1%
cents Per lb. abere those of the previous ,by •January, 1938; it. was,.
already evident more 0atile were on feed than were. needed.
In United. States: Which, 'ordinarily 'fakes Canada's ' surplus Cattle, eon.'
ditions, Were 'very siniiler,. Prices there were • ela. cents per lb. lower than
in January. i97. As 'a result -the movement 0! Cattle froth. Canada to, United
States was leech .less than in the previous year. 'Shipment§ were 64 lolleive:
• . ,
• 1937 ' ' 1938 • ' '
--ee
, 'Jitmary ,_ - .'oe,6S0 • 4,462.,
Februaey ' 15.680 '3,040
.: :Starch •
„- April .. • 17,551 , .e0,171
11.305 : •4,271
. .. • 14916 , 3,372 (estimated)
• ‘,
.
Total ." ei • 82.o32 " .25 322
• • •Some :relief came .from 'Great Britain. ,There prices of fed Cattle Were
high: They Were' •take Many :Canadian 'Cattle at could „.„be trans -
Ported. • • ' • ' 2 ' :Jr •
. • ,
„Unfortunately. due to limited Ocean space the number Was not large.
elo.seeeee,,, these ehreped-leelned • grebely to relleye t.he,•sittiaeion. ShiPmenls
td.Great•Britein were'aa fcelOWse • • •
...,•
' January.
-FebetPary .
" ,alareh . . . ••••
.:Apeil;
1937 et:3S '•
•
1,440'
35 • ,i3114 ;
2.11 4.046 •
474. ' ;2,469
373 .1'3.186 (estiniated) , •
Total • , , .- 1:e$3' , ;14,255. . •
lBoth in -United StA,Zi8 and Canada, Packers made strenuous ,efforts to• re-
, . , .
lieVe theedepeeseed Cattl§eeiteeitiottl In both gauntries '"Eat mote') Beer •eam.
paeans, werelaunehed„ with the object of stinielating censuinptien. AiltinA,1611
Wa,S: Failed '.:o • thee.`"atz: 7.,,b6.:,.s.Af wa.sj.lentitel..4.goedeq.balie-Y-4.:6thleteateireltr le
eineepriteee.".iftr'riiiiRTState.te the campaign was • Organized on a broad egale,
Petters. •Cettle• !Produeetes„ aza4. the .;•boyeen ment • all ".participa t ifig. in Ca tie da
plans were. no: Made ie.tiMe to permit this wider organize)nbut nidividital,
Peckers. earried: oneaerZ,ve eanipaig-ne :In ,,this mo.ventent It •ta perhaps. fair
to Say that, Canada Packet's •took the lead. . •• . e •; - , .• •-ee • ..
. 34. ,h‘4, reit ,ef these cempaigns. Betf eopsuteption ' wes enlist:nth:11y : th
seirahlate•d• and, from. Apeil forward: Cattle' :prices • became firmer. .• lin lOrt tine e
ately feeder e aie stili making,Losses, bt; , thes.e,, Are merle leSs, ..serlotis.than. .•
those at-icip-'4fi Jaeuery.: " .. , ., ' •• '' ••••• , '• ' '.: .. ...
, • The . success . ok, 'the'se tainpaigns ...suggests, ,,posSibili ties for • al inittlat lug:
Beef toSsuinption, Which' had not 'previottely. been thought- of. iii Canada. • lt
will probably lead tg.'a.'Oroad. Plait of ed. -operation' between P'roduc'ers Pa oliils
ani.: Gov,ertiment,. . .., .. ‘, .. . • • • •
...
ghetti
Pa h
touchy Dis
• Stili4e;t77 • Comedy it
• Mint MA Be Made Light •
'Of Before' Italians
Few reelize Peer censorable And
dangerous is tile .use of stmgbetti
In the Mqviese Italy would had Hot; • t.
•
lYWood films on eteceinnt•ef it,.
. This problem of siisoefti. came
to the attention of Mayo Of
Nvioretn..,liteindT,ioreapt,eitio;;711; •
seem4 that. an etAltee edict probile
; its elneliSe •of s'paginitit in comedY '
• .sequenees. for -t-he `rettao0 that It Is
• the favorite food Of the Iloneuts. •
. Must •Have YV,ict..".705cse• .
,
Put idn'yn, to show actors
,
•fOra-bling!'-with-th'e food In a,pcene •
whfeh.: recreates :the dlacoVerY or
',.4P,Le9.tit by 'M,RI'CP':1.10.0.1'in • 13th
hit upon compromise,
moke. anether lake' •iQr. the ltale. •
ans," seid, "and.. this time be
pere to call it noodles -that won't
offend anyone," j • • "
Balloon Barrage
Defends London.
Against Air -Attack-Is Like A
- Giant Fence Mile or So Up
: This "ballodn barrage" the air
. ministry is using as one meane•Of
detence against etie attack ;over
.London mens throwing a fence.:
ahigh_up_in • the 'air. • -. '
There will he the eOminon gni-
dee N'ariety' 'of fence which • con-
sists ••of -It line of • balloons strung
.togetber,••trailing • steel eiblee
. in-
to which' attacking qttnes nee, ex-
pected to trash. :Atal ,there •
.be•.,the berbeileeviee."; type., Whoieee-e
,cableS are' attached high, exe',
pleeivese, and withwhieh . Contact • •
Would' ere've fatal • • ., .1
E,'orce, Enemy to i Heights
. The :balloon barrage, when ful-
ly deyebaned, ii..designed fOrrn
an important -.part Of ;the. co:ore*
Tlinated, . Scheme cons sting of
'fighter airplanes,. baillemns, giins
And. searchlieeitee-efor , the air', de-
fence of London.
The object of the barrag,e is to
force' the eheroyeaiteeaft. to ; a • '
, height at 'which they can • be. elle,.
lectively dealt with by fiOtel air-
craft and anti-eircraft It is ,
hoped to produce halleons which '
May reach' e height of 5,..)00 it.;
. trailing stger :table Of sufficient
, strength: ,tO., bring down iniPhellagplanes•
' .
, Can. 40%4, 'Them. About ,
Each .balloon ,has its;overi single '
cable and •it winch, -driven by the
lorry engine to .1which It •is con- •
'netted on 'the .geohnd to wind it • -;
in. The barrage niay :thus be•
ai-
led in: character and lectition •feom" •
day to :day. The cable's ,maY be .
arranged in. line like a:fence 4r iti
.
clumps .f:orest.. • • ' ••••,,
Many huridreds of •••lielleons hate
been constrtieted. Each is at about
'20;o69. cubic feet capacity.•
iBal-
loons And Witieh lorries. IlriVe,:1*6n; .
' stored in an Old" airship 4beif which:
oece heeiseci the ill-fated R-101.,
....eels- :sere
4eityfOtitiffitig
• .,Wheit •,Mr. Justice ,Gqd(lard, eot• '
London,. Eng., said recently
1in the
eOur8e ' n building dispute,:,
'4T,fiere, haVe heti jeeree-beilders
eet:r shiee the Tudor timese". ,
wasj asked ..by • leareed•. cell:Peel/
W lio wee,' J,eteetee.2" •• . • • •. •,,
•• Nalibtly seem's.. to knoW,, but
epi•obablyethere •no such per- .
.lerty• generelly c.e.nealered
•
to 'lite a .eorruptibil of the. Preneli.. • • .4
. .
.1 , not. ;which. we
t‘x•pressiee jui•yerneet, i•e-, it • r
:r9r.'„Lbe oas?,. tomporiiry-
„ .
relet, , •Itittp„ terry,-Intilt •eause.
' lio one• that.' wtee. not, built '
• Wiest.; , •
The tuegiettion.that,•eitiee '.the
• walls• of • eielto• .f el le flat nt.• the
triiMpetel "jerryebtitit"
.• believe eet, enes that -Pan eatile• be. •
blown: ilaWit; is • mer0:. inken tette'
.4 than 1)1"(ibablp,, ••
1,
, . e! - '
always:Abe tate, tge eeeditiopeelehich ,1?ratteht. About .a •
Loss to Cattle,.,prodaterse Siteilatlee broeght.ebout e• Lose ; to the ••,i
Pack ee on. his' Beef. In the year 1936 7, -the year of adranejng • ;
'prices abd ;lorte',Profits.'te• ,PredutereeteCanada Pa4era. Made a•• ,.•
1: Pro5Pean.:, Beet tit: .." • ' . ,, , ' ."' ' '•'...t..,„.., ,'
• ',. 4.,Ti.-4 yee,e'leet. elosed., which was an unprofitable dile. 10 Pro-• • ' ' "
-'• :chteer,11' .-;',5•14.1.ke:lris, linpr,otitable to Pickers:: Ott .11e.ef.' oni,ra: .
3
e tons dbeing.this.eear: Canada Peckers..tnade a' Losq'Tif ' " ' ' $26.2,000.0O
'•" 01P.the 'ether•hatd. on Has. prices for which throt•gliteit . the.
Vear were higin'the.tesula '*'21 nn,'.1,141if,‘ZdCyd, PrOdt,,boing ' . $756,000.00.
• The Directors again wish th , inform the ,8hareliohlors. of.„flic. It ighly. beell
. . „ .
effteett serriee rendei ed 1,..",:,)‘ ••the Coninanys 'Etaploeece, ; lit . A food.: iii•
euttry"qttAlity ef prbelaces is tee 'fundamentel'eoeditiOn of StiocoSs. It'Aidoyeos
of alli ratiks hite taken a zeiious•itterest: in achieving .„perfeelitit •Of prod:Pet '
eatd lof. Serrieel . Absointe 'perfection will. of coursee never he realized. but
:'.;',s,tonitint aim to achie've kt not CA- t':on.tributes"to the ,otecoss of' till! 1f1181
, :Less", bL..,..ati.ds:,,aignity a.ntiesigniecentre• to the Jo... of hath 'man, anti :Wohisii,„
Vas at -all Pian:s •are.now on 4 bigherelevel 'than at Any 'peeetotts tante
,
tot eece-Ptieg.• the post.,war litealc Of 1521. , ... • ,
•..:t'or :.,t,e t'4.,ral „tears •the•Compaty liat.prak,-.1.s..ed ft reetitsloring plon'Frote,
net earnitigs' it t::st dedueted a 'snit etittirre.sut to ,t1 per. "coat on tho ;There.
..bdeis, :el.-al:4)V ,Beeend •thet roint Profits. are 'divided eVonly 'kw beiweett
SitarrehOldc'rs:•tad ttplOyees. The EttP:,Sy,ecs.,*, shaoe is!tilsfribc-ti.nt thii elid
.ot the 't-eart'-'' in the for'th ei ri Berets, ..• , • ,
•,. 14, ' 'the itt. tlit'.ee Yeart...t. e s :Ls 1..„.s..,hu..d. 01 ot.pf, )ocs as Pomo, il 1 PP
. ' .
1 . 13
•',. Year•ended )..itarChl•1434 . ' $411,000,0U ; '
'1* •,: "*. ...t,.r..o 1sr - 511,000,0e " '
' , •,'• ' ' 193S...., ' . .1. ..... .....1'.. 193:000.00 ,. •
Leh t=PioYee of the COM..Pat•Y shares in the' IlOnnt. Thi,,,tlistriT7iitfou 1,•;
Made tfy 4 Cott-Mt:tee cit.the,Setiee ExeetitivTe, wile do, their *hr;e4 to atini.ati.,
to eatlx IndiN'ictual in aced:dinCe With his or Inir•coniributioit la titt! linsinoso.
• At the APPreachf‘ng Atazeil Meeting; Sharehtildere :Will lie itektel eteetive
aPprOtal, tO this distrib,ation ' * • ; ' • • , et .,•,er-
et •etefe• et ibis PiPieert 'Will be. ferieaftled, at usual. 'to teth et the ieelo
„Ernploeeet,Of" the "ConciOany. ' '
„ -. , ....- ▪ .1'S, ,Mett.A.,M,,,. .-
,
; '..
• . Prettkifht, .
,TOrotit6,.. 14.0, Ittbe,.., 2,9,i.c,
,
_ la ::•37. When :Greinee were high. Caneda prodec'ed,apPeoximateiy 7,00.900
Ht,':".' -I,`,1',',i2,,Per-4-4147,4''to '-'1',:a7,P el-act.b" the st't-age eseet, per .:b. at me Patin
,
ei preadtcieg these Hogs. An ePproximatiote :o 'i:his Atetage cost per•lb, at
:he Fir= =ay zbe. taken et ...,...e.'.....•.,..,.• .....,,....: ..': .,.,„ .....,...,,,. '4_ ...e..„.....„ • eeeet
:Rest' prefin6S7,5 WO`f,d iirolkabiY, SaY• 'it• was sahstantillif :Meet./
At- :".7.,!:8 bas-s'a 2;:',,i) !b. 1.41.4,2:; Itegtd. 'c-pi.i to pr.,,iduca'. ,•:,.."..,,,.,.., , . : . c:::,',0
',..If we'ass't=e that everage feedieg'effieient,' was '
... if we 'iVartis r ;asstrate :ha: i:.' was riostitle • .
thipncht'tt Canada to. atIve're.. a fitg.
'Di.-"tt,taarb i e. •
..• . .' .t., . , ,. 43•7•4
.:,, fr:::'•W's,:tia: a Savthe, ecst of 1.-,iitiot. .' •
" - 'have t se:: .=a,,d4. 'of Oneitiat-te:: ..t""i ; $1,3••*. ,'.., . .$3..15 140i,
a -lots, i:",pr.'"it,=ateiy ''.. "' ' : . ." ...' . ,... . $'22.15,,:.f.".... '
, 'Ott twr .i.:ii.s.'z'or.- after"achii,iving. azi it"'r.,6:iatit ;:iiiiicn in Oreat. firitain,
:Patailiati Sta:::-.. b,...at it,. ,4'''''' 4. 'C'''''' 94 "--," '''' ark-: bt".;*ut bailee.' It" a, ten -
era'. war "•wtd., -0,a1"44 °"'k 1.`,,""'''-i'.''''..4•4••b4"'11.•"="` til'''''•0' liteeen was be'ter that
Catradifi' tai-ot. ..tnt. it •IS ttn:ii-•..t-scstitly that,tat adleits have 'begun to reallie
fuliy nihat,th4 Vat'iShaerattage.:ay &-,:lr,,r 45 their higher f4chg etni466'•.
'''' There Meet, et e7.,',U.re. t+,.? E,..Z.=e' e,rtilahatiot for this it,s.411- great di0e,renots
in is ',1'.II":1t .,ar....t.CY' . ti i111). in the tact that Dapieb Pigs freto balk get
a hafatcel ration, • This it dne-thie:fiy to the tact that alMo:st! every, Farm in
Pierirtacaeries tt.-...MiA,PrOduct:tn al ws..,i1 as Pig pro'dtittion, Ata. through'
obt thi.entire tr,owth Of t3s4 Pigs, Miik iS itoluded in, their ratton.. 1 ,
.0,in Caeade ;hie es not VOssible,.fcr 'malty of the.-rtarnis cn Whiett Pigs are
r'..t4...ked have ne Milk itriiiieble for feed; .4. . Morebter...en mOSt :of those
c.e.raiibuted by Ntilk eat be Made up f.rotn other ateeteee;-intleding BeelSerip:
1)
Fern's. et ,is not pOtsible to . go in 10P.Milk rdiOetien; Ent it retettt..Y"elitt
the knzltledge=hat' tvet:onie ...Otero". that' all' lgt 1 •Milk itig*Ilent prevides
he be.st ratiot, stI a baianeetiiitien is tpo,,tribte•*11.h.O-0' Milk, The,eleneetiti
`Fiat ;zee:, ete, ' ' ;
120 • IVI.P, Train
,
. 4 ... . . e: ...,
11w. ..P'Is.ilig Silvor,Fislt of Sex-. •
ouY.,''. ti••tioyel type of .strettinlieetl '
trait:
' , 'tote . liiiing etted. • iiP. , •
Ger- -
.. . .
ilia n y,,; o",.. st la i ni lig. speeds'. ot, moro.
, . . . ...
...throi Pen 81+14-4 nit,: honr..- • '
..
;-TW4 huildr4.41 ion1 trn reef 16.t1P4'•
OH'. "Sityyr Vildi" 1'8 made of. light .:
' it lyn n inn in,,., a ii (1.11 w eytilithieoi. kloldv,, ; :
ih r.0 I, senotell front* 'end to '
teide le e , elrion• lie. two'6)0;le1ie, •••
liii•:;e1 ,illgiiitlis '11114 hil:4, Illkt`001010.
I1ai;i64) r,,,i, .iho• passisilltog,' '
• •
Mor
• g 01
stitee
eaP••
,
111(4
, 'peek
••• O•
nig
• 'haul
‘itz4,1,4.18 r41.1
•
. •
; Of Auto, 'PatC.0
iiii1+1,:kil;:,:r11.'i't:';i1w.!NI;'1 1.• 1ttk far.
4'.1 ,/,i; V iV t •and
•had` •'
•hatt '16
.nd • tk,ot 1 Two tlays 'Wei'
hi
reek.: e eitielPP,11; „ •
;et:Woe:I • One . hell tilt'.
;• 1,1(ity ,fil,...thee. farmyard:. '61IZalii 41 '
hitt, r*Etilis !),(‘ 1411„kuit%;14.,'
11.14`05 f 1114 1 ii, PAP',
1111 Was eorn)i-lot.,oa.'
'•••
"
,