HomeMy WebLinkAboutExeter Advocate, 1911-12-28, Page 611 (ICKA.11
EST
armers aid. to be Unable to Meet Their
Current Obligations.
A despztcb from Winnipeg, says:
-Voleieg ehe
demand of western
"Caoada„ for relief from the burden
*0-E L'winst railway rates'tlie "Win-
ipog Board of Trado declares the
neessty of Parliament affirming
n act op the Dominion statute
oks the principle that the rates
anal' be no greater in the prairie
Vrovinces than in Ontario and Que.
bee, unless it is proved that the
coats or operatam are greater in
the west. The board .eX;ressedit5
a.elief tbat the costs of operation in
west arc no greater, if as
eat."
Soarehino: investigation is de-
tnau,:ed, with counsel. “free from
ei railway corporation, control,'
1.0e e1 za by the tecinittuon
Governmeatto aet. with the biaard
and, other vvestero interests. This
form4 actien w taken at
the board
aod is the t est 3W1 adeterrnin-
ed campaign, for whbWilMiPea
bueinees men have been 'quietly pre.
paring for months.
The, Coramiseion of Can,
ado has been 'formally requested to
take cogniza,nee of and to take SilVit
action as may be neeessary in ieeton with the ear shortage
Previnces, whielt dor-
t twomonths 1y1.5 reaelo.
ppi resulting le aprae-
ieal.pa 1 f buinca userne
aistrwts, d has roeaut aeevere
V
loss to. farmers and businesa meo.
This acfion has been taken by the
Board of Trade after the receipt
of an exhaustive, report from the
special committee appointed some
weeks ago to make loquiries and
submit a, report to the board. A
letter has been forwarded to Chair-
man Mabee, in which the Board of
Trade makes the fiat charge that
the railways have failed to fulfill
their duties as common. carriers,
and the farmers of the west have
; been unable to' market their grain,
with the result that they are face
'to face with obligations they are
unable to meet through no fault of
their own. The congestion of grain,
also charged, bee resulted in
'the deterioratioa of the grade rn
it transport. The board also so
xnits that the railways have not
I made anti At'e not prepariug
make improvemente etifileleotto
eope with the Sttlndily• inereasin
.oluree of traffie in the west.
Reports from many pointe in Sas-
katelieloan still indicate ;tii itente
ondition a affairs, The Oetiook
a Saskatchewan reports that the
tuation is unbearable, as the
atm are overflowing and the
farmers' waggon--; are lined up in
t110, streets and dozens of farmers
with grain to market aod hills to
,
, Welt -axe despair, Severat PeMaa
cOntiguotts to Saskatoon report
Sunilar eonditions.
A PAARAPII
an a the Eupfre eo te
teia Boore
es
-yr
The Canadiau Bank of Comnieree
has taken over the Eastern Town-
ships Bank,
'''''.42,11-11emo•torzieeo wey .to plac
the Ontario Government farm
limier one bead.
The absorption of the Quebec
Steamship.Company by the 11,. & O.
Company is being discussed.
Nillgara fruit -growers ask for the
„appointment of aProvindial inspect-
or to help fight, the peach nests.
Berlin's municipally -owned street
railway and lighting planta yielded
increased profits on the year's op -
ere' ns.
The C.P.R. proposes to have its
demonstration trains
Quebec, and New
ngston, an Ottawa
was found ‘lea,c1 on a
tehewan. Foul Play
Plondre was sentenced to
Riviere du Loup,
n Ifarch 8th for the mur-
isapion•
Cana ikon Northern extensio n
built into the Peace River
try is now within a few miles
habasca, Landing.'
t reported at Brockville that
N
pubbinty boar has been orin
or Norfulk• county.
Graham fell down a mine shaft
, five hundred feetand
>
Mr. F,
1,5 to he
teat rail
nilt
he
0
n„
Tit
al
iver•
-ASo the. C, P.
ted head a °WAWA -
a salary of
witted RI
charge
Espress
7
s et ibe ON.R. at Mont -
ad to lutle a, tunnel
bo nonntainand a garden
weeu Outremont and Back
T.A11,7
ventb.worker
ecly the strike in Duncle
John Bigelow, author and dipte-
tat, died an his Dab, year.
The United States Senate ratified
President, Taft's notice of the B./tre-
e-Om of the treaty of 1832 with
tussia.
GE
The Chinese- reinter insists n
Mama.rchical form of prominent.
The Imperial delegate at the
peace, conference at Shanghai con-
fesses it is too late to save the
Manchu dyrtasty.
The great powers, are lending
their moral support towards an ear -
termination of the war of revolu-
tion in China.
SIX LIVES FOR ONE.
Len Will be .Executed in &wintry
for Murdering Woman.
A despatch from White Plains, N.
'Y., says: To tale company of five
men in the death house at Sing
Sing prison awaiting electrocution
in January for the, murder and rob-
bery of Mrs. Mary Hall, at Croton
Lake last month asixth has been
added. This man is Salvadore di
arco, who was found guilty by a
ry.here on Tuesday of having
articipated in the killing of the
*OM art.
HEALTII
rOV11101a1 Government ,TATill Divide Ontario
Into Districts,
desiateh from Toronto says:
order tO take steps to provide
tter sanitary conditions through -
t 'the province, as well as to pre-
othe pollution of -w-at,ers and
ams, the Provincial Govern-
ito is" understood, vvill so
u the , Public - Health,
at the next session of the Leg -
re as to provide for the ap-
tment of seven Medical Health
officers for the province, who will
ed to different territory
and put in complete charge of all
sanitation ,and public health mat-
ters in their respective districts.
These men will be paid good sal-
aries, and the municipalities will
be called upon to contribute. They
all will be under the chief health
officer for the province, Dr. J. W.
S. McCullough, it is •understood.
The Health Act at'present is under
revision, and .several other import-
ant changes may be ina-de when
the bill is considered by the Leg-
islature.
UTTLEMONEY
,.
of Bonds -an undertaking requiring a large mortgage was
gi a Bank, an Insurance 'COrnpany, or an institution having
,ums of money. These institutions used themoney paid them
,
etc:, to finance the undertaking.
rtgage is split into small denominations, called Bonds. °
opportunity to participate ,in an investment
possible security and paying excellent interest, often as
ntl.,yolf literature on Bonds in general and
sues from time to,tirne. Send your name
ss to go on our mailing list.
,S E C FR I T 1,
RPO LIMITED
UILDING I,QUEEN STREETS
vortoNT0 -
t:;.QUEBE1C^H4L11-AX-01-7A.'
LONDON (ENG.)
PRICES OF FAiiit PRODUCTS
REPORTS FROThl THE LEADING
TRADE CENTRES OF
AMERICA..
'ices of Cattle. Grain, Cheese
nuti. Other Produce at lorce.
and Abroad.
BREA.DSTUFFS.
Toronto, Dec. 26.--Flour-Winter wheat,
90 per, cent, patents, 83.48 to $3.9, sea,
tma,rd. Mon/teba. flours; First Pateats.
$5.50; second patents, 35, and strong hak-
ors", $4.40, on track, Toronto.
Manitoba Wheat -No. 1. Northern is
quoted at $1,09. Bay ports; No, 2 7.,,Iorth-
ern, 3145, and No. 3 at $1,02, nay ports.
ontArio Wheat -No. 2 white. red and
mixed, 88 to 6. outeMe,
Peas -Good shipping peas .10, out
side.
Oats -Car lots of NO. 2 Ontario. onteld
431-2o to 44e.„ and or No, 3, at 42 to
451."*op track, Toronto, 46 to 465.2o; 2,,To.
lirestern Cada Oat,s, 470. And feet,
ay
.tkva
1
TormatiO
Apples -Winter
arrel,
Peatis--Stnall
34 to $25 per bwd
t nee--Eztrue
la Ogren& $ue to
d Efay---No,„ at 816
enaNo, 2 at 614 to St4.51.
led Straw -RA to S2,
an atm, 631-2c. To-
e, for '0,
outside,
a2a Ca,
PRortue%
t0 N$1.t 0,&
at 1,
POPULATION 0
NfrIES
21 In Ontario Sliow Increases And 27 Have
Smaller Population;
A despatch from Ottawa, as; 3,961; Norfolk, 2,037; Northumbor.
An -analysis of the. censlis AgUreS :, land, 652; Oxford, 1,042; Perth,
shows that..?,a counties have in / 703; Prescott, 07; Paince Edward,
creased their population to the foil 694; Renfrew, S63; Stormont,. 2,
lowiag extent ;--- ' 263; Victoria, 2,003; Wellington,
Algoma, 30,234; Carlton, 4,005; 1,154'
Elgin, 7,30; Essex $7 ,S02; Haldi- GROWTH OF PROVINCES.
mood, $$3;. Halton, 2670; Lincoln Thg, folION.,ini.,ahe-W$ the pereent-
4,91o; MuskOka, 262; latpissing, !,.. age. increase of the various pro -
45 832 , Ontario f.)9S 3 Parry Sound, !vinces, as revealed in the census
1,004; Peel, 622; peteTb9r011gb., 4,- 1 figin es ;
v
659; Rnesell, 4,2521 Sinacoe, 2,747; Per ent.
Thunder Bay an.ol Rairoi. River, 32,- . Canada .. .., • • • . 33,92
244; Waterloo, 10,011; Welland, ' Alberta .„ .. .. .. .. 412,35
10,757; Wentworth, 7,816; York, British Columbia. .. - . , .. 88,38
irteludiug parts of the eity of Tor- Manitoba - - ... ,, .—, 73,62
onto, 51,357.
There are 27 counties which show N'Noe)-kv.a,BSrelloqsiawi'ek, n,.., - ''''.. 76:111.37
decreases, as follows ....-- ,. Ontario „, ., ., ,,.. . ,.
16.54 i
Brant, 938; BrtMe, 8,895; Duffer- Quebec .. .• ,.
in 3 296; Dunda 1 591 TOP h S k 434,52
show
.1 ; na aM, atchewan .-
Tho following divisions
Percentage decreases;
Per rent,
Prince Edward Talaud 10.16
Northaweat Territory .. 2L$5
Yukon Territory 171.60
; FrontenaP„2.3621_ O1011garrY,
852; Grenville, 3,476; Ores, 3,745;
EfMt3Ifiga'_,. 3,403; Heron, 8,80;
•Kollt, 1476; 1447114a011,, 5,305; Lan-,
b4t ark, 2.850; Leeds, 1,050; Leunox
d Addington, 2,965; Middle -sex,
oa arch,
19 t 226.
lbaz the oh
GS,
In
to 9e: more lots, ent to
tubr, 17 1029e. Cunery
Lor rolls, and to
per Ili.
u-Str
treh at 27 to 20 p
he Large,
per lb,
,aer
res
,
NOG PRO
Bo -Ion clear, 111.2 to 11 .4s per
In ease lots. Pork, sbor. eut, $22,50;
do., mess, 319.50 to $20. ins.-Meilinm
to light, 16 to 16 1-20; hes.vy, 14 to 14 1.20;
oils. 10 3.4 to ilqi breakfast bacon, 16 to
170; backs, 19 to 20o,
Dard--Tierees, fl3-4o labs, 12e; palls,
1214o.
IDISINDSS AT MONTREAT.t.
Toronto, Dec, 26,-Oats-Canadlan West.
ern No. 2, 471-241 do., bro. 3, 450; do., extra
No. 1 feed, 46 140; do., No. C. lotal white,
46e; No. 3 do., 45 1.2e; No, 4 do., 44 1.2e.
13arley-Man. feed, 64e; malting, 960 to
3100. Buoltivheat, NO. 2, 65 to 66e. Plour
-Manitoba Spring patents, firsts. 35.603
do„' seconds, 35.10; do., strong bakers',
34.90; Winter patents, choice, 34.75 to 351
straight rollers, 34,25 to 34.40; do., in bags,
31.95 to 32,05. Rolled oats -Barrels„ $5;
do., bags, 90 lbs., 82.371-2. Pran, 323,
Shorts, 325. Middlings, 327 to 328. Mom
329 to 334. Ilay-No. 2, or ton, car
lots, 615 to 815.50. Cheese -Finest west-
Crns, 141-4 to 14 5 -Sc; do., finest easterns,
14 to 141.20: Putter -Choicest creamery,
301.2. to 311-2c. do.. seconds, 29 to 20c.
Eggs -Fresh, 60 to 65e; do., selected, 30 to
310; do., No. I stook, 26 to 27c. Potatoes
-Per bag, car lots, 31.25 to 31.271-2.
-UNITED STATES MARKETS.
Minneapolis, Dec' 26 -Wheat -December,
$1.02 7-8 ; May, 31.067-8; July, 31.073-4; No.
1 hard, 31.057-8; No. 1 Northern, $1.05 to
31.05 3-8; No. 2 Northern, $1.03 to 31.033-8;
No. 3 wheat, $1.01 to $1.01 3-8. Corn -No.
3 yellow, 57 to 58e. Oats -No. 3 white, 45
to 45 1-2c. Itye-No. 2, 871-2 to 88 1.2o: Bran
-$23 to 323.50. Flour-Pirst patents, $5
to $5.30; second patents, 84.60 10 84.90; first
clears, $3.50 to 33.85; second' clears, $2.40
to 52.80.
Iiu.fialo, Dec. 26. -Spring wheat -No. 1
Northern, carloads, store $1.12 1-4; Winter,
No.. 2 red, $1.00; No. 3 red, 97c; No. 2
white, 920. Corn -No. 3 yellow, 65 1-2e;
No 4 yellow, 64 1-2c, all on track, through
billed. Oats -No. 2 white, 520; No, 3
white, 511-2c; No. 4 .white, 501 -le. Barley
-Malting, $1.18 to $1.25.
LIVE STOOK MARKETS.
IVIontreal, Dec, 26. -Butchers' cattle,
choice, 56.2510 $6.35; do., medium, $4 to
$5.50; do., common, 33.50 to $3.75; canners,
2150 to 53.25; butchers' cattle, choice
cows, $5.25 to $5.50; do., medium, $4.50 ,to
$5; do., bi+1. $4.50 to '55.50; milkers,
ene13, 575, do., common and, medi-
um, each, $50 to $60 springers, $$0 to $I0.
Shoep-EweS, 5410 $4.25; bucks and culls,
53.50 to" $3.75; Iambs. .$5 75 to $6.35. Hogs—
F.o.b., 57 te 57.25da1ves--53 to 512.
ATTACKED BY COW.
Earn er'
KINt SAFEit'tliEST11.1ITS
T 1 TORS AO
MAN43T A MOST UIPORT.
T OONSIDERATtilliit
et Earnin4s Mu
Period of Yeas
company Is coin
bo
/one
Opeless indnatrial rprise3, When
6e03 tke Parnes, OP he Ihst of officere
of now conlanaies the first taloa tbo ox-
aerieneea inveetor or financial limn does
if the 024.1t2 210 net. faMiria.7---
en what other boards they act, If the/
previous aiMifttiiMs• haVO boon OneeeSS,
rat teo to =gat wore reason to suppos
the pew venture will bo so likewise. And
e Examined nianaaentent is almost as Important. For
Ancatnple, the IMMIS or the Canada Lroa
CfetOeMinO W et Compluy would probably have bad
iel000 or rot .oe goo reieettou trout tbe public), had
aouto nand M-arb Bredin, Nvil,bnown au a5 silecessin
znanag,er et titis Fort of baldness itt
rao way, bon announced, aa Managin4.
director of the entororiet.
So much for tho rtnotion ot itafotY
dustriai bonds. Tito reiteer may wo
dor what elogreet of safety attends
ot tout, if it were oo
mai 8totczaeu
is tibia
uitnoot
le(nirogciliti,learand 'fldid°
ltbo
oonsidor each tw000
, but with the aid
hero giren and his
necd not, opproac,
in
art,oles ocintr.`Mted or "Invollter
ore for tho robe purpose et guiding prow,
pectfro investors, awl, it passibie, of •o' -
1u; them trout losing no; toroa,:a
iiinclog It10 "wild•rat" ,uterorises, The
hnnarttal and reliable ebaractor oths
information mar he relied upon Tito
writer of thoso artiolos and (ho publisher
af this paper bar* no interests to eery*
olloOtion with this %natter gtbor titan
thou of tho render.
TI
last few
attor of s
int, for
10
call ;the physical cat=
that , ha learned frons -'or az lea
abould be shown tn-the balance, sheet.
There ore two, scarcely less important
features, Itowever„ that must 'bet looked
mb to oomplete the determination, no
80 mueb, perhaps, or the immediate
atety f the bonds as tbo certainty o
tloo tntt, and the outlook tor the
future.
The first, is the quostton
hogs." Clu the proportion of
net earn -
1.
earninge
to outstanding obligations depends to
small ti,tent the stremith et ati 1
;;tyjod company. Tho figures of a
umber oC Years should be examioed.
Most advertisements of industrial bond
offerings contain •tiOnitinuich statement as
this:,-"LChe uot 'catmint* during the past
Jive years average whith is over
four times the bond Interest." This
statement is interesting, but the mite -
Sul itivestoy should enquire further, It
would be much more valuable if the
information were more complete. The
net earnings for a number of, years tens
a very mach more interesting -and im
structive-story than the average for the
same period. Take, for example, the
earnings of the Win. A.. Rogers, Limited,
whioh, by the way, has issued no bonds
but is used merely for illustration.--
‘`,-Prolits 1906 were 3191,552
1907 " 195,650
1908 " 182,725
1909 " 301,466
1910 " 329,516
The average over this period is 3240,181,
which gives a very inadequate idea a
the -remarkable growth of the earnings.
Note the small drop during 1908, the year
In which the panic in the States caused
a short falling off in the earnings of
most Canadian industrials. All this in-
formation is most valuable, as it Digni-
fies a steady demand and a growing
business, which indicates that fixed
charges of a company similarly - situat-
ed would be regtilarly met.
The proposition between fixed charges
and icet, earnings should be carefully
noted. Net earnings should, equal about
twice the. bond interest, taxes and sink-
ing fund, for a bend to receive favor-
able consideration as a safe investment,
except under unusual- circumstances,
where the nature of the earnings are
unusually steady, or the security un-
usually substantial. The nature of the
product is important: A company pro-
ducing an article of fluctuating or nu -
'certain deniand should, not issue bonds
'
Opportunities for successful competition
or substitution must be ,considered, and,
if possible, bonds should be avoided.
A tli50 point is rnaDagemout and _con-
trol. FONY, odieetioris are of f.reatei 10
portanco 11 V t gat ng t tiength
of an incIustrial,,company than talc rs.
putation and experience of ,the men 4'n
el,arge. As an American vn,.‘iing on this•
P„) all tn' owas Probably subject, puts , "The . and in. . _ ,
tegiity of the men who control the nolicv
of tbe companyan61 CUe -e2010100y
,operating olhc1a2s aro1:n;incipa1 1-'
ors in 'the 5fl(' 55 01, ,ndustrial an,
derialcing," Unque' y in the LOP
min and in probab
this is cotmlli''''&it
laxly in Vim ease
men with rood,
t'hem
• , • '
espatch from' lc...Master/. says:-
Attackedy a cow; in a stable- on
lei - arm- .Mary Sills,
a ...re d 14, daughter of. Geo: Sills,
_McLean. Post -office Ilinehinbrool
Jos broUght to the General, Flos..:1
mill on 'Wednesday' aaffering from
internal oinjuries and hflo.topayea);
ia alpreSent, time.doubtrix
mato a
the oasem
iscussion would
strial bonds
very high doreo
visions can be
Investor is
ugge
Own ooMniOn
Vito matter w
Se
1
MINERS STRIKE.
British Federat n to Take Vote on
Stoppage a Work.
A despatch from London says:
The Miners' Federation has decided
to take a. vote on the question of
national stoppage of the work in
tli ines, hosed *xi the question of
a minitoure wage scale. If a two-
thirds majority of the members of
the federation vote to stop work
the strike will be ordered for the
end of February.
.14
SPECIE SAVED FROM WRECK.
Roeket Apparatus Csed Landing
Treasure From the Delhi.
A despatch from Tangier, Maroc -
to, says: All the specie and bullioe
comprised in the cargo of the Pe-
ninsular and Oriental steamer Del-
hi, which was wrecked off Cape
Spartel last week when the Prin-
cess Royal, the Duke of Fife, and
their daughters were rescued with
difficulty, were landed on Thurs-
day by means of ihe rocket appara-
tus. The troops which were sent
to guard the ship while the bullion
and specie were still on board have
been withdrawn.
„
'GILLETT co, um. TO/t081°°1
THE STANDARD
ARTICLE SOL»
EVERYVVH E RE
EWOILLETT
COMPANY
fairolVreDt
TO RO N TO,0 NT.
0 SION. ON. C. P., R.
lied into StaevIiine
Vrodit ' of Vembreke.
A cep 111 North Bay snya
A eerlotig WreOk oceurret1 on
Thursday 11 7 &clock on Oro
C'anadian Railway thirt,y
milee west rubroke. Two
might traine, left, North Bay
bout Thursday, east-
bound e e toge or in a re'ar.end
collision fleasBaba '0, 11110 10f0-
ing train had stoplied for SUMO our -
pose at the foot of the grade, and
in the early evening darkneea„ and
by some evident mistake in back-
,
flagging, the second train thunder -
d down grade and crashed ieto
the standiug train, wrecking the
hoose and tlemolishing ten lere
d the locomotive, :Engineer Wil -
Ham Packer, of ;North Bat., was
badly injured, and Fireman Mc-
Kay, of Chalk River, is reported to
be so seriously injured that he may
46
ITAS STRONCr GR1 T.
Governor of Halifax Prise et 89
Refuses to Retire.
A despatch from lialifzix, N,$,
says: The governor of tile city
prison le Halifax is 82 years of age.
He has held the position for Oeot
years, but still refuses to retheo
and the City Council is wrestling
with the question of his removal.
A committee has been holding •Itn,
investigation into alleged ill-treat-
ment of a prisoner., but they have
reached no conclusion reflecting on
him. They recommend that a
change be made in the goveararship
of the institution on accotrat at his _
age. It is considered unlikety
that this report will be, adopted,
and the probability is that the.
octogenarian governor will hold on
for some time yet.
In order to live a man inust work
-even if he only works somebody,
else.
Necessity is the mother of inven-
tion and raatriinony is the mother of
contention.
TRIP LITT°
TINCA_11.A WILI)S
Gold -Seekers Will Attempt To Cross Terri-
tory Untrodden By Whites.
A despatch" from Ottawa, says:
News was received in Ottawa, fron-
Frank :W. Porter, one of the mem-
bers of the. Ungava, gold expedition
vahicli left Dane in the Nipissing
mining district, on the overland
trail about a month ago. The
le-tte,r was posted at tile last Hud-
son Bay post from-' which mail
,could be sent on the route of the
'gold-seekens. The party have witll
. . ,
,em provisions eufacient to last a
theta provisions suffiCient, to -last 'a
firearms, and expect to aiignient
their suppli e s with what wild game
they may be able to kill on the
tra,il. ,The party is made up of
eight experienced prospectors and
explei-ers, 'several' of whom have
had, experience in the _Klondike
oa,nedi, thc oirly,cat InitQon t 0 tylb aat,n d c Iiitn,c-
PaE.s trails. The party is headed'
also
ab:oro,kiW'el(ii-ilflurlt)01°Sn::a01(lit,sycniou.Ef Cobalt,
'yando min "
nong .o na
a Klondike, miner,, art:1 former man-
li
evder°':asndc7.ie:'''
men. This particular territory is
ilmost totally uninhabited, except
by a few roving tribes of Eskimos
who give the white man a wide
berth. 4`.7
The lette'r was brought to the
aearest post -office- by a party of
Iadian fur traders, and wa,s writ-
ten on.Deceraber 2. All were well,-;
the letter stated, and the party was
to leave the 'post that afternoon to
?ontinue its way into the wilder-
lies's. With the Indians al the post
the coming of the party was a big
avent. The members of the, expedi-
ion are each equipped with fur -
lined suiia, with Capuchin coats,
sealskin bc.ots ancl leggings, eta,,
an,d are fully'prepared for the hard -
'hips they will have -to endare,
It -L transpires that the party,
which is' headed for the northeast -
';r11 shores of Hudson Bay, is mak-
in 'trip to head off
two a,..joon oaa,tswrheir;:liQticscatta:eie
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