HomeMy WebLinkAboutExeter Advocate, 1911-9-7, Page 6TRAGEDY ON LONELY LA
ManWas Found Killed and His ° Partner
Dead From Poison,
A despatch from Winnipeg, Man.,
says; The tragedy of a lowly shack
ilt the far northern wilds of West-
ern Canada is recalled in detail
by the arrival in Winnipeg, of a,
letter to Mrs. Mills, wife of Cap-
tain J. W. Mills, of the Hudson's
Bay Company steamer Mackenzie
River, plying between Port Mc-
Pherson and Fort Smith, The let-
ter tells the story of a young clerk
who when bringing out the mail in
the Spring, on June 6, found Pete,
Meland dead with his head crushed
and W. S. Elever, the other man's
prospecting partner, dead of poi-
son, self administered, and a con
fession signed by the latter, telling
of the whole tragedy, The scene of
the horror is Salt River, about five
htandred miles north of Great Slave
Lake. The confession read as ful-
lows T
-
"I have been sick a long time;
I an not crazy, but have simply
been goaded to death. He Me
land) thoughts I had more mousy
than 1 have, and has been trying
to finish sue, I tried to get him to
go after some medicine„ but he
would not, wishing to have me die,
So, good -bye, --W. S. Elever."
A further confession read as fel=
"T have just killed the man that,
was killing me, so good-bye, and'
God bless you all. I am atz f,tlly'
weak and down, since the last of
March, so there is nothing but
death for me, Cruel treatment
drove me to kill Pete. Ship every-
thing out and pay George Walker
$10.—W, 8,"
The two bodies were buried to-
gether after the interest, which re-
turned a verdict of murder and stti-
Gide. A large stock of fur and the
sum of $1O.1 ;we're found in the
shack.,:
MAKING SAFE INVESTMENTS
'YIELD" ON BONDS DEPENDS ON `TIME
BONO HAS TO RUN .BEFORE
MATURITY.
EXpianation of This important Peint el
Creat Importance -Not tike Stooks
Which are Never Repaid and Therefore
Time Not Considerod In .Reckoning Rs.
turn -Some Interesting Illustrations.
(By "Investor")
In the first of this series it was shown
that "distribution of risk" is au import-
ant principle of investment, It is a very
simple one, however, involving no very
contused.ideas. There is anett;ar princi-
ple to be borne in mined when making in.
vestments which is of no less importauce,
but it is, however, considerably less ob•
vious to those whose investment ox er
e
enee is ,small -and even to many who
should understand its actions thoroughly.
This is the prinuiple of investmeut "in
accordance with' artful requirements."
Not long ago a finaueial paper stated,
Quite eorreetly, that a high return on
an investment should always be looked
upon with suspicion. This, however must
not be taken to mean that such a stock
as. Dominion Bank, which pays 12 per
cent. per annum is decidedly past the
danger mark and should be avoided. Of
course, the person who figures this"out in
this way quite misses the point. "The
rate of income" or 'return" on an in-
vestment depends on the rate of divi-
dend, so be sure, but it is quite a dif
fereet thing altogether. For example,
take the case of a stock paying 12 per
cent The investor will have to pay at
least $200 a share for this stock- But
the, dividend is figured on the par -or
face -value of the shares, which is 5100.
Therefore the return on the $200 invest-
ment is 512 per year, or 36 on every
hundred invested -that is, 6 per cent.
This is what was referred to in a pre-
vious article, when "-rate of income" was
given as one of the points -the second
in importance --to be considered in chosing
au investment.
how, in the case of stocks, as we see
above, this is a very simple matter to
understand. When we consider 'bonds,
however, there is considerably more to
be taken into account.
Anyone who has ever bought bonds may
sometimes wonder why two different is-
sues of the bonds of some Particular city
sell at quite different prices. The se-
curity is ' exactly the same, the rate of
interest, identical; the only difference;
probably, is that one bond may be pay-
able in ten years and the other in twen-
ty. It is this lest feature that affects
the price. What difference could that
make? you ask.'
Suppose a 5 per cent; $1,000 bond
ten years to run sells at 108 1-4.
owner will receive 550 a year on an in-
vestment of $1,082.50. In such Circum-
stances a stock -which is never repaid --
would net the investor about 41.2 per.
cent. The bond is diii.•ercnt, however.
The investor pays $1,080.3,0 for the bond,
which in ten years is .Paid off at $1,020.
So he must save enough out of Isis in-
.,eorno each year to replace ,tlze 382.50 of ea-
pital thus lost. That is: too say, are, must
lay away in each year 01 the ten which
his bondhas to rue, the Hum of $6,30,:
which, at composed interest; will arsount.1
bite h ins h n1 n
82 a0 bye t e t e• b d eta:
fire $
gig Tli•
efore,,, the inv'l'o ' can only,
d s1 D of {' hzs $ia i t(+1t t 011
The
PRICES OF FARM PRODUCTS UTNE NEWS IN A PARAGRAPH
EXPORTS FROM Ter LEADING
TRADE CENTRES. OE
A>3IERICX.
?rices of Cattle, Gain, Cheeses
aui4. Other Produce at :Rome
and Abroad.
BItB4.DSTUFFS.
Toroeto, Sept.: 5. -The Wheat Markets
are steady, with some scarcity of Maris,
tobas. Cables weaker for wheat and
stronger for corn.
Flour -Winter wheat, 90 per cent. pat-
ents, at $3.45, Montreal freights Mani.
tobe flours -First patents, $5.30; second
patents. 54,80. and strong bakers", 54.60,
on trek, Toronto,
Manitoba wheat -No. 1 Northern quot-
ed at 51.061-2, Bay ports; No. 2 at $1.05,
and No. 3 at $1,03,
Ontario wheat --No,, 2 white, red or
mixed. new. quoted at 821.2. to 83 1-2e,
outside.
Peas --85 to &6e, feels, cars, outside.
Oats-Quiario grades, new No. 2 at 3$ee
outside, and of No. 3 at 36e. outside. lees.1
2 Western Canada, 43e, and. No. 3 at 421.4c.1
Bay ports.
Barley -Prices nominal et 60. to 700, out -
Bldg, according to test. No. 2 Werth 70
to 78e. outside.
dorsi -Na, 2•,d.znerican yellow quoted:'at
6?c, Bay ports, and. 71 I -2c, Parente,
Bye -Car lots outside, 72e.
Bnckwheat-Nu, 2 at 54e, outside,
Bran-tera.nitobas et322, is bags, To,
ronto, and aborts $25, in bags. Toronto,
Ontario bran, 322, in bags, Torente,
COUNTRY PRODUCE:
Beans -Small tete of hand-picked quoted
at 32.25 per bushel, e
_Roney -Extracted, in tins, 10 00 Ile per
10. Combs, 52 to 52.25.
Baled hay -»No, , L le quoted at 313 to
514, on tract,. end No, 2 at 510 to $10.
Baled straw $6 to 55',50, ou track. Tc?.
:onto,
Potatoes -Car lots, in bags; quoted at
$1.25 to 31,49,
Poultry --Chickens, 15 to 16e per Ib: fowl.
11 to 12c; ducks, 14e; turkeys, 15 to 26e.
350 as legitimate income, and, dividing Live poultry about 2n lower than the
543.30 47 31,052.50 we find that this above,
amounts to 4 .per cent. on the sum of
51,081.50 invested. Therefore, a 5 per cent,
bond, with ten years to run, selliug at
1081.4 "yields" 4 per cent. Remember,
the amount returned is, of course great-
er than 4 per cent., but thehalf of 1' per
cent, in, excess of that rate is really re strictly new -laid quoted at 23e. and fresh
payzneut of a part of the invested ea- sat 19 to 20e per dazes. in caro lots.
pital, to installments. Cheese --The market here is higher.
Ou the other hand, where, a similar Largo quoted at 14c per lb, and twins
bond sells below par, the process le re. +'t. 1S1"„ -
versed. For example, a 4 per ceut. bond 7,
selling at 90, with ten years to run,
"Yields" the investor 5:3 per cent., where-
as, a 4 per cent, stock selling at 90, re-
turns but 4.4 on the investment. The
reason, of course, is this: In ten years
the bond is repaid at par of $1,000 and
cost but 3900, therefore, to every $40 of
interest must be added the part of "that
5100 profit which will be received at the
time the bond is repaid, and of which, in
the "yield" account is Thus taken.
Sin buying bonds or other forms of
So, btY g n
mortgage or debentures which are pay.
able ona fixed date, the element of time
is a most important one. In such a case;
the "rate of income" is not as simple to
estimate us is often supposed, us we have
just seen. Bond dealers, of course, do.
not have to bother working out these
details, for there are books of tables'
compiled in which the figures for all.
values, rates and times aro given, and} lb's., 52.35. Corn—American No. 3 yellow,
most bond dealers have a supply of small 1 701-4c_ Millfeed—Bran, Ontario, 522 to
books of this sort which they supply to ! 323; Manitoba, 321 to $22; middlings, On -
their customers. ) tario, $25 to 526; shorts, Man., $24; mou-
Indeed, in bondselling, in many cases, iuie, $26 to 531. Eggs, selected, 24 to 026c;
bonds are soul on the basis of their No.o1 stock. 20 to 22e. Cheese-Westerns,"
'yield, and the price not figured out
until the transaction is completed. There-
fore, it is necessary to understand how
this is figured out before buying, or one
may be disappointed. , For instance, a
man might buy Electrical Development
Company bonds at 87 on the open market'CfinneaPoli Sept. 5. •- Wheat Septem-
ber, $1.003.8; December, $1.021-4 to $1.023.8;
cash. No. ,1 hard, 51.047-8; No. 1 North.
ern, $1,02 to -$L04 3-8; No. 2 Northern, 973.8c
to 31.02 3=8; No. 3 wheat, 93 3-8 to 99 3.8c.
Corn -No. 3 yellow, 611-2c. Oats -No. 3
white, 413.8' to 42c. Rye -No. 2, 00 to 80 1-2c.
Bran -520.50 to 521. Flour -First patents,
$4.90 to $5.20; second patents, :$4.40 to -$4.65;
first clears, 53.25 to $3.45
second. clewr
s
52.25 to $240.
"^
Buffalo, Sept. S, -Spring wheat -No, of-
ferings;
Don't forget, therefore, -when reckon- Winter, No. 2 reef,' 92c; No. 3
ing the rate of income on a security to
red, 90e; No.. 2 white, 90c.• _ Corn --May,
find out -if it Is a bond -how lon i1 has; No. 3 yellow,'69c; No. 4 yellow, 671.4c;
g No. 3 corn, 673, all on track, through
to run.
billed. Oats -No. 2 white, 443.4e- No. 3
white, 44c; No. 4 white,w 43e. Barley -
Malting, 51.19 to 51.24.,
BUTTER AND EGOS. ,
Butter -Dairy prints, 21 to 22c; interior,
16 to 17c. Creamery quoted. at 25 to 263
per 14', for roils, and 23 to 24c for solids.
Eggs --Offerings are only tuoderate, with
IL:tPI'LieINGS FROM ALL OVER
.TILE GLOBE IN :et,
IC CISME [,L.
Canada, the Empire and the 'Welsh)
3u General Before Your
Eyed.
CANADA,
The wages -,of :canal employees
have been increased,
Low water in ,.the Cornwall canal
has closed down the cotton and
paper mills,,
Emile Lisotte was shot while try
ing to stop a fight in Montreal,
and died in the hospital,
Forty thousand harvest Iaborers
were taken into western Canada
by the.C.P.R. and C.N.R.
Mrs, McIntyre of Brantford was
fatally burned when her clothes and
bedding caught fire from a lamp.
Montreal 'police are alleged to
have ill-treated Alphonse Le£arge,
a man who died shortly, after his
arrest.
Guelph Council will consider the
cquestien of 4 aneelliag ,the agree-
ment with the Peeple.'s Railway;
after dile notice.
Sub Fire` thief Martin of Mont-
real has been suspended froze duty
as a result of his cliffelrelieo with-
Chief
ithChief Tremblay.
GREAT BRITAIN.
British coal miners are agitating
for a miniature, wage.
The C:t:: radian Artillery team now
in Britain won an important eon -
test.
O1 zng„ to the dzouglit iu India
the" .tS.ing has sanctioned the cur-
taUment 1f' the Detbi dirbar pro -
GENEit AL,
mass meeting was held in Ber-
hn to protest against intervention,
of Tiritain in Morocco.
Anxiety prevails in France as to
the outcome of negotiations with
Germany, but Iver is regarded as
highly improbable.
Alfonso, the alleged head of the
Camorrists, and another .rernber
of the Camorru, now on, trial for
murder at Viterbo, Italy, were
condemned to three months' im-
prisonment for insulting the presi-
dent of the court..
Mlle. Arria By, a leading femin-
ist of Toulon, France, and an ac-
complished revolver shot, is deter-
mined to sight a duel with an edi-
tor who criticized an article she
had written in which she argued,
that women ought to live and die
unmarried.
RIDEAU .HALL IMPROVEMENTS
The Interior Tieing Given a Thor-
ough
horou h Renovation.
A despatch from Ottawa says:
Extensive improvements are being
rushed forward at Rideau Hall dur-
ing the absence of his Excellency
Earl Grey at Toronto, in prepara-
tion for the coming of the Duke of
Connaught. The interior is being
completely renovated, and the ex-
terior will also be improved. The
chapelbuilt during the regime °of
Lord'Lansdowne as Governor-Gen-
eral has been ' torn down, and its
place taken by a garage of suffici-
ent size to accommodate four auto-
mobiles. The suggestion made :some
time . ago that another ' addition
would be madeto the front of the
Rideau Hall will not at present be
acted on, and the facade will ,re-
main as it is for some time at least.
v.
SUGAR ON -UP GRADE.
3100 PRODUCTS,
Bacon -Long clear, 12e per lb., in ease
lots. Pork, short out $23; do., nzess, 520
to 321,
Hams -Medium to light, 17 to IBe; do..
heavy, 15 to 151.2c; rolls, 113.4 to 120;
breakfast bacon, 17 to 18e; bats, 191.2
to 10e.
Lard-TIerces, 101.23: tubs, 103.4c; pails;
ile.
BUSINESS AT MONTREAL.
Montreal. Sept. 5, -Oats -Canadian
Western,' No. 2, 441.4 to 441.2c, car lots
ex store; extra No. 1 feed, 4,5 3.4 to 44c; No.
3 C. W., 431.4 to 431.2c, Flour -Manitoba
Spring wheat patents. firsts, 55.40; sec.
ends, $4.90; Winter wheat patents, $4.50
to $4.75; strong bakers", 54.70; straight
rollers, 34 to 54.10; in bags, $1.85 to 52.
Bolted oats, per barrel, 34.95; bag of 90
131-2 to 133.4c; easterns, 131-4 to 131 -Bo,
Butter, choicest, 26 to 261.4c; seconds.
251.2 to 253•4e.
UNITED STATES MAESKETS.
under the impression that as they
"yield" 6 per cent. his income will be.
6x$87, or $52,20 a year, whereas as they
are 5 per cent: bonds he gets but 050 on
each thousand, as he will have to wait
till the bonds mature, 22 years hence,
for the 5130, which represents the addi-
tional 52.20 he expected and didn't get. The
5130of course, is the 'profit derived from
buying tbo bonds for 5870 and having them
redeemed at $1,000,
Fri
St
tR
.'i
OWE LIVES TO
IIIE DOG.
Family's Narrow , 'Fscane Frons.
Burning Ifouse—Do Perished.
a g'
A despatch from Ottawa says :1
The lives of six people le a Vere saved
dog
P P r
by a dog in a fire earl;, on Wednes-
day morning, which destroyed thel
residence of Alex, illoDougalla near'
the Ottawa Golf Club, The bark-
ing
of the animal : awakened
the
family just in time to get out of the
building in though safety, al ost
a.
suffocated byt smoke, ' The faithful
dog, however. lost its life, no traee
of mit having, ;been found after the
fire. The residence was one of the
finest country homes around the
capital. The"loss is about $25.000.
w
n
i.
k
+-r ,r lx as
t
a a
E
Lv narz
noth tg toll s
rele, Onl1` eb
i'it,14 so old he
Gbl(gvagd toy*
has
LIVE' STOOK MARKETS,
eloatreal, Sept. 1-Ohoiee steers sold at
61-4c,: good at 53.4 to,6c, fairly -good' at
51.4 to 5l -2c, fair at43.4 to'5c, and corn.
mon at 4 1-4 to 0 i -2c : per pound: Cows
brought from 4 to 5 1-2c, and 'Valls froin
3 to 4 1-2c per pound. Lambs sold. ae tc,
and sheep at 3 3.4 to 4c. per pound: Calves
were scarce.; The supply of hogs was
ample to fill all requirements„ and the
tone of the, market was easier, with
salesof selected lots at $7.50, and mixed
and heavy lots at 56.50 to $7.25' per cwt.,
weighed off cars.
ALLJ J , '..
OY:I,R, TIYIL.
ion
.thea e , in the overalls ,s,
shouted the cross-exarnining law7
yer, "how much are yea, paid for
telling "untruths i1)
a
.c
;lr
.o 1u a a ssr t intaz
r.
.,0.T-..
... r 1,
v o d e,: : F :. • ro.
1n.. x. , I+
e a a`ve
b
n
, ., 1 11,gy
ry
ar
FOR MAKING SOAP,
SOFTEN I NG WATER,
REMOVING PAI F1 T,
DI SI NF C1, c SINKS.
CiOSETS,DRMNS,E4` ,
SOLD E,VE.RYWHERE
REFUSe SVaSTITUTE3
BELGIUM PREPARES FOR WAl
Fears German Invasion Would Follow
Q f
Outbreak Hostilities.
e QS 1 I 1eS
t1 despatch from Louden;. says;
Belgiurn is preparing for eontin*
gencies in the event of 'war between
France and Germany, The Be -
gians know by experience that the
neutrality of their country would
be very difficult to safeguard in
such eireumstances, said they fear
that a German invasion would take
place in; a few hours after an out-
break of hostilities, The Belgian
Minister of War has given instrue-
tions for all forts on the i' reuse,
especially around Liege, to be fur-
nished with men and ammunition:
Iracreatse. at Canning ' Tints Will
Seriously Affect Cgn.sIlmer.
A despatch from New York says:
Grocery ,:circles here showed con-
cern on`Wednesday over the high
prices now prevailing in the sugar.
market. ;:There was -another ad-
vance in granulated during the day
. g- ° .
qtr full cent
to 62.,oc, representing- a
rile in the past few weeks, and the
highest level in many years. _Com-
ing at the height, of the' canning
season°; this advance is of vital in-
terest to 'consumers all over the,
country. It is attributed primarily
to a poor sugar beet crop in En-
rope, following prolonged clrouth
this slimmer.- To make matters
worse, the Cttban crop, which fur-
nisiies the%bulk of raw material for.
American refiners, also proved'
short, ; and: prices began to soar.
a.
WILL 'COST,'A 'MILLION.
Tenders l
ec€iwel tor Trasco...l
•:
ttin-
Gtital Terminus at Quebec.
A despatch from.
'Ottawa says
ZOTe. •t
than half' a "dozen tenders
were, r.eceiyed Friday .;by the; Na-
tional
a-tional
Tran sce nt in ent al Iiailwat'
Commissioners for. the construdtion
of the Grand Trunk Pacific termin-
us at' uebec,-which'will cost about
a million dollars. _ Tho `contract
t
will not be -.et for a weak or: ten
h t i s `
days, however, as t e in t, of the
„ rlo rsd§ have to be looked 1n to.
, fit,-,,..
ra . rs lib i`' i• <'
e. -ei .tl C
ont _to w r e sub'-°
u.
{
4
,
Itd
9
e . re"ndt o
Plans for rapid nit>bilizaitieirl rdro ''
being studied, andthe forts at
: nfer :ire, being' fitted with new can,--
non of the Hotehksss type. The
annual 'manoeuvres of the Belgian
army will not take place this year,.
Disquieting rumors are afloat as
to the prospects of war between
France and Germany. Several Bel-
gian journals affirm that Adolphe
Messrny, the. French Minister of
War, has eaused the attention of
the Belgian Government to be di-
rected to the weakness and neglect-
ed eonditiou of this country's de-
fences on the German frontier,
'I'IIREE ENGINEERS DROWNED
Were Employed on Canadian
Northern Construt,tian Staff.
A despatch from Port tvtltar
says: An upturned canoe found on
Lake Helen, above Lake Nilaigon,,
following their non -arrival at Nipi-
gon Station as expected, indicates
the- drowning of Djvision,Engitree.r
11, H. McCoy and Resident :',esus-
eers C. H. Nelson and Drrun,;