HomeMy WebLinkAboutThe Exeter Advocate, 1920-1-22, Page 3P1
Summary of Canada's Financial Position
•.A short review of Canada's position
before the war and its progress dur-
ing the war will be found interesting.
C:anadee before the war imported much
more thaat she exported. Or as one
financial writer has expressed it:--
"The salient featut;es ot the econo-
mic position of Canada shortly before
the war were the enormous predomin-
ance of imports over exports, the fail -
tire of the exports of the country to
expand In proportion' to the immense
amount of external capital which was
being borrowed and upon which in-
terest had to be paid and the conse-
quent shortage of cash and liquid as.
sets in •the treasuries of corporations,
in the vaults -of banks and the Purses
of the public."
This tendency the banks had set
out with some success to combat
some tune prior to the war. 'Canadian
imports for the fiscal year 1913.14
amounted to $618,457,174 and exports
same to $455,437,224. A similar pro -
partite), had existed sone years be,
fore. Canada was borrowing heavily
from Great Britain for federal, provin-
a tial, municipal and railway purposes,
and iinmeeee sums of British money:
were beteg invested in Canadian en-
terprises. Britten tinanctal experts
had called -a halt to that respect, little
dreaming that Canada was soon ziot
only to send ber sons to help the
Motherland, but to lend her credit as
well.
Canada a Credit Nation,
in so far ase the balance of trade is
concaerned> , at the end of the ftseal
year 1917-i8 imports amounted to
*952,543,746' and exhorts $1,540,027,783'.
Of course, the war is responsible very There le another question which
largely for this remarkable reversal. meet be a large factor in the situa-
For the calendar year 1914 Canada's tion, Will the big industries be able
favorable balance of trade was over. to carry ou with undiminished force,
$300,000,000. Moreover, Canada as 'a now that war demands have ceased?
nation bas ceased to borrow money The following opinion given by a
from abroad, or practically so. financial expert is prol►ably as goad
Canada has suevessfnlly floated her as could bo offered on that point:•
sixth loan of $300,000,0011. wbielt was ":Holders of securities of Canadian
ovectisubscribed by about $409,000.000', iuduririal corporations which produce
as were all the preceding nstle. steel, cement, lumber bc>as and
Facts About
Canadian Agriculture
Canada has no,t figured in the past There are in Canada about 667,000
as a country exporting mantnactui+es farm, with an average area of
to a large extent, The war lias uta- seventy -l=ive aches growing crops.
aerially altered that and the Dominion Much additional area is devoted to,
has reasonable prospects of getting
foreign trade in other ,than natural
Dr'oduete. Canadian agricultural Im-
plements will 11nd a market not only
in Australia and Great Britain, but
throughout Europe. A leading cotton
company, as en example, has booked
96,000,000 of orders for .Roumania..
Other large firms have also booked
very considerable orders in various
sines required In the devastated areas, recordproduction of field crops. The
The immense investment ot capital value placed on it is $15,000,000,000,
in mining and smelting in Canada in This includes cotton, corn, tobaccn
itself insures a large export, 'while But there are in the United States
Quebec Is the sole producer of asbes- about 7= 000 000` farms of the same
toe. A British Columbia smelter has ` averageacreage as at Canada, and
discovered that there will be a large the value of the erop production per
market for zinc. farm works out at about $2,150. Con-
Perhaps the most attractiveros-
p siclering l
tie great t advantage of a
pect in the way of export Is in pulp larger variety of crops, made possible.
and paper, in which Canada now holds by southern fruit -growing, and warm
an exceedingly strong position. This climate ere pa .Canada's farmers are`
industry has had a remarkable expan• holding their own fairly well., Then
cion In Canada. In 1890 the exports United, States Secretary of Agricul-
tura claims that United States crop
production per farmer is more than'
twice as ritual, in value, as the Grew.
utidlals- stimulated by the abnormalI man, British or Belgian ,production, I
more than three times as much as'
condtttotas of war. The demand, es- .
pecialiy in the United States will con- the French and more than old tames ,
the Italian. That may bolsi well!
so far as comparisons with side world at the lonely island an
a
pasture and ranching. The value of
the fieldcropper faarm is, therefore,'
$2;174. If to thisis added the aver-
age value of the dairy, meat and.
fruit production, another $1,400 can
be added. , The dairy produeti.ou of
Canada is at Ieast $300,.000,000, and
the - meat production probably more.
It is rather interesting to note that
the United States claims this year is
amounted to 9120, At the end of
Marek, 1019, they amounted to $99,-
250,165, and this industry, it may be
stated, is tot one which has been
bone to increase rapidly and sub enough,
Weekly Market Report
Ireadstufis. i perial gal,, $4,25; per 5 imperial gals.,
$4 04; sugar, lb. 29'to 30c,
Toronto, Jan. , en 80,
No
wheat, emissions -Wholesale,
-No, 1 northern, en 80, N•o. 2 north -F
ern, $2,77; No. 9 northern, $2.73, 1 Smoked meats -Hams, ' medium, 34
Manitoba Oats -No, 2 C,W',, 91nee; i to 36e; do., Heavy, 29 to 30c; .eooked
No. 3.C.W., 873 e; extra No, 1 feed,; 47 to 50e; 'rolls, 30 to 31e; breakfast
87x/4,`; No, 1 feed, 8614e; No. 2 feed,.;bacon, 40 to 44e; backs, plain, 49 to
8213c,
23 , 161e- boneless, 53 to 55e,.
Manitciaa Barley -No. 3 O,W,,. Cured Meats -Long clear 'bacon, 31
$17`24-sx; No, 4, C.,,. $1,47% rejected,I to 82e; clear bellies, 30 to 31e.
31.24 i ; feed, $01.12„%$.1,47%;
1W.32 i's. I Lard•_ -Pure, tierces, 31 to 3114e;
Ortar°o Wheat-F,o.b., alit/tying tubs, 311eS to 32c; pails, 31% to 32%0
painter, according to freight --No. le Prints, 32 to 32.id,; Cbxnpound
winter, $2 to $2.01; No, 2 winter,' tierces, 273n to 28c; 'tubs, 28 to 2 etc;
$1.97 to $2,03; No, 3 winter, $1,93 to; pails, 281!.x to 28%e; prints, 291/ec to
t $1,99; No. 1 spring, $2,02 to $2.08; t 30c.
i Na. 2 spring, $1.89 to $2.05; No, 31 Montreal Markets-
{ $1,95 to $2.01. ## Montreal, Jan. 20. -Oats, extra No.
1: American Corn --Prompt shipment,' 1 feed, $1,071L Flour, new. standard
No, 3 yellow, $1,78; No 4 yellow, grade, '13.25 to $13.55. Rolled oats,
bag, 90 lbs,, $4,75 to $6.26. Brant,
$1,76,
45.25. Shorts $52.25, Hay,. No. 2,
NELSON PARLIAMENT, Ontario Oats Nn, 3 white 98c to 25 6:, Cheese
Speaker -designate of the Ontario;$1, according to freee t.: per ton, car Lots, $ $2 ee.
1Ioitse, i Ontario Flout -Waster, in jute finest cisterns,"292izc to 30e. Butter,
bags, promptshipment, Governments chs Best creamer , 67c to 67'' c; do.
'standard, $9,65 to 39.85, delivered at seconds, 62e to 03e. Eggs fresh, 90c;
COW SAVES BELLE {Montreal, and $9.85, delivered at To -1 do. selected, 63e; da. N°- 1 stock,
ISLE COLONY ionto. g rase; do. No. 2 stock, Glc to 53e. Pie -
ISLE Barley _Maltieg, $1.75 to $1.80. I tatoes. per bag, cariats, $3.75.
Buckwheat -•-bio, '. , $1.40 to 3x,42. y Litre Stock Markets.
Milk and Bread Only Rations i ManitabaFiour-Goveinment staaa- ^taronto San. 00,- i lip
i dard, $13.2o, Toronto. i , C'ho ce eivy
2, o^ �, /steers, $x4,G0 to �1G;. good heavy
1 Peas -No. $. 7a. 'steers $13 to r14• butchers' cattle,
A despatch from Quebec" sayst- en- ? nes in,al• V.-. v 01 4!1 «_ -,- ,._! __
.50
The lii;~hthousekeeper's cow saved the to $1.85.
For Montle and Half.
to $12;: do., medium, $10.26 to 311;.
Belle Isle eolopn; from starvation' Hay Track, Toronto, No. 1, $26.50 do„ contmoai, $?,GO to $8.710; hulls,
an.xed: $25. Straw �Carlots, $1.4,50 choice, $11 to $1150• do medium
while it waited relief from the out- E Y
to $1•,,00,
1$10.50 to $11.50; do.,',•ough, 7.00 to
havestanalle Well on to $175,000,400 European countries go, but Canada"s the Labrador coast. As long as there Country Produce -Wholesale. ; $f,25; butcher eoEis, choice, 9.50 to
have been invested in the ,pulp and million farm wor er re o i rI was feed for her the eow su lied ° roils, .: $10• cio„ good, $9,7o to b10 25, do,,
paper .industry of Canada, the Pro" k s a pr dttetnt, 3 IIIc 1 Butter -Dairy, tuba and roe s, 4,, to iaaer film, $8,75 to $9.`..e; da common,
an average of $2,000 each. This milk, which, with bread, provided the Ode prints, 48 to t/0e, Creamery, fresh $7.00 to $7.50; stocker 1 o., to $10;
duction ot whely in 1917 was valued cont axes ver favorably tivith 'the l to menu of the eolon- for a.
at approximately $100,800,000, p y roan ale made solids, 60 to 61c; prints, 0`2 to fc,eders, $10 tp $11.50; camera awl;
average wage et the Canadian factory month and si half. When the sou G3c, „ - .. ' cbttsrs, $fr.25 ao , i,;i0; milkers, good
Revival of Business Activity, worker. The 1017 census showed that frerl uva:3 finished the cos t;. s l:ille l i Eggs: "If eld, tie to ..axe; eine eine to choice, nine tQ $.i7G, doe coin, allot
80 8 t
the average factory wage was $77b ` and the beef and bread kept the ` I1used poultry -'Spring n med., X65 to $15 • springers,
$9+? £a
colon alive+ i po y iia g chaileais, $1r,;; sheep, $;.00 to sane; spi:tn
and even if it now is $900, the much i y until the ship Seal rest, 26 to 32e; roosters, `25e; fowl, 20 to lambs,per ewt,, 818.50 to 19.50;
higher cost of living in the cities cued the members of the colony. • 25e; .geese, 28 to 30e; ducklings, 30 calves, ood to choice, $18 to $21;
leaves the comparison as to net pro- "We lived onemonth. and a half to 32e; turkeys, 45 to 50e; squabs, begs, fed andwatered. $17,25; do.,
fit from labor clearly with the farm en bread and milk,and if help had doz., $4.50, M I weighed off cars, $17,50; do., f.o.b.,
worker, conte some weeks later they would; Live poultry -Spring Ricketts, 19 n16.25; do, do. to rarl<aera $'10
Alberta's Old Horses
Wanted for P.E.I. Foxes
Although a difficult thing to arrive other building material, and holders , A despatch from Cala says: -
at
even approximately a, careful sur- of real estate scurities should realize Fox ramilers of Prince gEdward Is-
yew° of Canada's wealth-- what might that during the next few years the land want to purchase some of Al.
betermed productive value of realiz- . housing Problem in Canada will be a berta's old and worn-out horses to
able assets, independent of undevelap- very difficult one and will necessitate feed the foxes.
ed natural resources --gives a total of construction of much new befitting ae-
318,,000,000,ei+tt. Placing the prosper- eomntodation, thereby creating a
titre debt at $2,000,000,000, Canada stroug demand for building materials.
late assets nine times greater. Figur-: In common with those of other eoun-
ing the population at 9,000,000, the tries, Canadian -railway and transpor-
average wealth. Per citizen is about ration companies, which seminally are
$2,000, or quite equal to the estimated heavy buyers of steel rails and rail-
average wealth per head in the United vray equipment, will and it necessary
One rancher from the little island
has written to George Hoadley, M.
P. '., of Okotoks, asking for informa-
tion as to the supply and price.
The fax ranener writes that sev-
eral fox -breeders are ready for an
intihediate shipment of about 100
States. to purchase largely in order to re- horses, as the supply of old horses
Orat Of the beat indications of pros- tablish plant efficiency, which has in ,Prince 'Edward Island has been
•„ exhaustccl,
eerie!, nod substantiality iu Canada is j suffered tnater•ially during four years
the savings deposits of the ,gauntry, { of war. Many Canadlan industrial
Is otwithstanding"tho large sums raised . and 'public utility enterprises leave.
Enver Has Become
in tuns leaus, the savings deposits in postponed Iaige construction work Threkt to Britain
;;Bartered banks on May 31 were 3I,- and extension during the war, first on
107,993,070, as compared with 3653,- patriotic grounds, and second because A despatch from Geneva, says:-:
945,250 on the same date in 1914. As the costs of material and labor have Enver Pasha, former Turkish Min-
a large number of depositors are of been $o high.- In addition to Cana- ister of War, who was recently elect
the class who subscribed to the leans, dean demands, there are the recon- ed King of Kurdistan, has started
this result is really remarkable, tiniere structlon and food necessities of a Bolshevik revolution in Turkestan
was no advanob made In the deposits
in the Dominion government savings
banks. Nevertheless, ins1017, more
than $14,000,000 was deposited, a
sum'•greater than in 1913.
Now taking conditions as they af-
fect industry the labor situation can.
not be described except as disquieting
everywhere, but it is remarkable at
the present time that Canada is prac-
tically, free of strikes. The Winuipeg
strike in May, 1919, threatened to be
a trial of strength in Canada of ser• activity.
tain labor elements. It was a triumph
for the better elements in trade union-
ism and glad citizenship, Since then,
as»the result of industrial conferences
and wise leadership in the 'unions,
there is much better feeling and cer-
tainly much more friendly relations,
As regards wages, they are closely
allied to commodity prices and there
does not appear to be any valid ret -
son for anticipating an -immediate
downward movement of :any import-
ance in Canada or elsewhere. At the
time the'war broke out` and for some
time before -also for a time after--
. ,unemployment was manifest. in all
'parts of Canada. The war itself dis-
located industry and 'business general -
'neat first, but conditions soon read-
justed themselves. The manufacture
, of munitions, together with enlist -
meats, brought into requisition/ every
available person, including many. wo-
men, and from almost the very outset
wages began, to ascend and have
steadily advanced ever since; Prac-
tically- every readjustment of wages
has been upward. The remarkable
fact that the' increase. in the savings
deposits of the banks has been about
$500,000,000 in four years is proof, too,
that, a very considerable percentage of
wage's .saved was put out.at interest,
Europe to be taken into account as Afghanistan and Baluchistan, accord?
well as the substantial world demand ing to a telegram from Baku. Bnvee
for agricultural and animal products, is said to have many followers and
for nickel, asbestos, lumber, pulp and is directing his energies against Bri-
paper and other products. for the pro -tisk prestige in Southwestern Asia
duction of which Canada possesses the ultimate aim being India, Largel 1'1
faoiiities second to none in the world. sums of money, it is reported, have
When the conviction once becomes been furnished Enver by the Soviet
firmly grounded that present price C\avernment in Moscow,
levels are likely to be maintained for
Lave found the entire colony dead to 20e; roosters, 20c; fowl, 20 td ;c; Montreal, Jzaaa. 20.--Buteler steers,
front hunger, said Raoul Bergeron,, geese, 22.'; duelcdings, 22e; turkeys, medium, $10.25 to $11.50; common,
one of the refugees who has reached' 37 to 40e. ' *, $8 to $105; ��'Tautea:er heifers, good,
Quelrec with his wife and two Olin' twCheese-New� ?arse, 311/': to 3_t , $114.50 to S1,,, at'e,liunt, $9.50to $10.25,
dreti, and William George Wyatt, who; Lwin ;, Sail oat3 � to triplets.
ri35eletstl 33to eommo�ai, $ii.50 'to $9,26; butaber cows,
-50
was with hint at.East Point, Belle 331,5 to 34e; Do., twins, 34 to large, too ;»,Oaa:ncr $5.260 to to $5.50;aeut
Isle. 1 Beans --• Canmdian, hand-picked,' ters, ei.75 to 36.50; butcher bulls,
The colony, he said, baci been with -1 bushel, $6.25 to 85.76; princes, '$4.25 good, $9.50 to $11; common, $6.;26
out supplies since last November, to 14.75; Japans, $5.50 to $55.75; Cali- to $9.
when the supply ships failed to reaelt forint lamas, 171/4 to 18nte; Mada-j Good calves, $10 to $17; good veal.
them because of the lee and storms. Ile,
Lintas, lb., 15e; Japan Limas., $16 to $17;,medilina, $10 to $1i,; grass,
Chances of hunting ` and shooting ., 1l p7:ti0 to $b,
v;nld game were lost because of con- 1loue}•---Extracted clover, 5 -Ib) Sheep, $9.50' to $10; ewes, 39 to
tinned storms, and the colony f'nceci, tins, "27r to 2i c; 210 -Ib, tins, 25 to 26c; $10;r lambs, "good; $16.50; common,
starvation against the slim hope that: tinea, Baas, 5e; buckwheat, 60 -lb. $.16,50 to $16.00,
E ti ,tins, 18 to 20e; combs, 1'; -oz., $6.00 to Hogs, off -car weights, selects,
a ship would get through to them. 136.50 doz,; 10 -oz., n4.25 to $4.50 doz. $18.50;. lights, .$16 to $18; sows, $14
Forty barrels of fish which in an, Mahle products -Syrup, per im- to $15.
emergency might have seen the col ` - - -. ,- tt
ony through the winter were washed! Furs Worth Fortunes.
MADE SOLSI�IEVIST
`flea• statcin nl recautiy cli'culated'
The gales were the worst an fifty ub,.,tit ii imuaan wlta wore a sable jac-- BYINTERVENTION
yearn
and part of the concrete lend-
ing
net emelt at least $10,500 is not so
ng station that had been built by the; eetraorciinary as it seems, for good{ All Russian Parties United
Croy ernment at the island was wn shed dark single sable skins still almost al- i Against Foreigners.
ativay wive fetch from $100 to $2130, and a
•A despatch from London says. ---
robe of real sable, such as Russian Lord Fisher, in a letter to The Lon-
p�•inees used to wear, may easily cost don Times on Bolshevisnr, says:-
HALTS RED RUSH $',000. "The Bolshevist tiny is now the
But the nobles of the province a't biggest on earth, and exceedingly
Kherson presented to the late Em- successful. Denikine and Kolohak
Advance of Bolsheviki *on press of Russia some years ago an en 'are both gobbled up,. and the Cote -
mine mantle which was valued at $50, -
Odessa (stens and Odessa are both going Boli
Stopped. 000. Silver fax skins are even dearer shevist, added to which our thrifty
A despatch'from London, -says:--- -at any rate, the price of a single rulers have now ivecc the Boishe-
1e British MilitaryMission with skin in Paris was at one time $1,250• vist y est armies the vast and goodly su
Gen. Denikine at the litter's head- anri a ferrous explorer has recorded 1 pr
quarters in Ekateeinodaar reports hoe, la Eastern Greenland, he meta p y 'of guns, tanks, armored trains,
q p locomotives and .a rpiaaies previously
that the Caucasus army, in • the girl wearing a dress composed wholly squandered upon Denikine & Co.
line behind the Aksai River, repulsed, of silver -fox skims. At Parisian prices "What invariably happened before
in heavy fighting, five frontal at_ this must have been worth quite $7t; leas happened again.
tacks, in an attempt to turn its left 000.
flank. '
into the seat by the storms and lost,:
CAUCASUS ARMY
some time to come, we look for a Lord Mayor of Cork is
strong revival of Canadian business
A nicety pound woman can work
more mischief with her tongue -than
a 200 pound -man can With his fists.
LADY DOROTHY CA.VENDIS.I-I
Whose engagement to Capt, Harold
Macmillan, A.D.C., is announced. She
is the third daughter of the
,, Governor-
General.
Victim of Sinn Fein Attack
A. despatch from Cork, Ireland,
says: -W. F. O'Connor, ,the Lord
Mayor of Cork, was attacked by a
party of men while returning from a
meeting of demobilized soldiers.
The Mayor was knocked down and
assaulted. A couple of former' sol-
diers rescued hien from his assailants.
`he attack is attributed to the
Mayor's opposition to the , election.
policy of the Sinn Fein organization.
Complete Independence
Of Armenia , Recognized!
!
A despatch from Paris says: -Ac -
corning to the Temps, the Supreme
Council, at one of its recent sittings,
decided to recognize the complete
independence of Armenia, Georgia!
and Azerbaijan;
Lloyd` George Gets
Legion of Honor
A. despatch from Paris says: --On
the occasion' on''o ` the ratification fucation of the
Treaty of Versailles, the Grand Cross
of the Legioir-6f Honor was bestowed
upon Premier Lloyd George of Great
Britain and Premier Nitti of Italy.
MA441Ir ie PwO�tlni"w
I 1 \•./Oi`IDER WHP r 11'
lS'AL<L p,Ei0U3 ?"
'sr fir,!
' E&& -SEND SOME FNt_
LETTUCE TURtstn , ntvo
K1 -1E. 'VER`f LN‘ID
T}CHOPS
( I IT'^
0`r GOLL`r
01. WJE ARE
TO
HANE A IJ
FINE FEED,
There are said to be handkerchiefs
The report of the British Missionor rare lace in existence worth $1,000
says the advance of the Bolshevikieach, and real "cloth of gold, made of
on Odessa has been stopped. It also pure gold drawn into fine wire and.
states that the report that Gen. Den -then woven by hand, is only nowadays
ikine has been superseded by Gen. obtainable in Sumatra at 9200 a yard.
Wrangle or any other commander is
untrue.
The statement says the Don army
holds the Tine of the Don River from
its junction with the Aksa to its
mouth, and that the Reds failed to
force the passage o.f the river at any
.of the five points where.this was 'nt-
teimpted. Cressiug the river "would
be difficult, it is stated, except for
small parties of cavalry, because the
roads are deep in mud.
The volunteer army is said to, be
holding the line from Nikopol to
Melitopoi, north of the Crimea.
Population of 833,267
an Saskatchewan Nov
A. despatch from Regina; Sesk.,
says: -Saskatchewan's population is
now 833,267, according to an _An-
nouncement made in . the Legislature
by Premier Martin, who based his
statement on figures compiled by
the vital statistics branchor the
Provincial Health Bureau.
w,.
BRINGIi'iG UP, F ATHE
41
rr
/,1,,
., 0,r .
HEI::LO •15 71-115 p1FFANY'S
WELL - WILL "YOU SEND,
UP VH
GOLD CI-IAiN
ORDERED RIGHT A\JA`(
11r/io
sat
•
cam_ ... .. ••;i .. . . 1
CASSELS,MISS`CAROLINE.•,or
Toronto,
who . has been appointed a member of
the Board of MovingPicture Censors
for: Ontario.
einem • 1 WA+VT Yon ro HANE;.
AN EXCEWrlc r1ALL`( N+cc
0111NER. •ITS To-r3E ."
ne RPRi eS -,JUST SET
IT FOR ova ', C
"History tells us everywhere that
foreign ,intervention invariably unites
all parties.
"Imagine the effect of the French
army landing at Dublin to help us
coerce Ireland.
"We should all become Sinn Fein.
ers.
"That is exactly what we did in
Russia, What was 'not Bolshevise
we made Bolshevist.
`Bolshevism is an atmosphere.
You can't bottle it up.
"The great war took out the stop-
per, and the determination every-,
where for freedom, too long pent up,
as 'Was the French revolution, has
burst out and suffused the world.
"All big things have execesses,
even Labor."
A Humble Veteran. ..
In au Irish courthouse an old Juan
was called into tb' witness box, and;
being, confused and somewhat near-
sighted, he went up the stairs that led
to the bench instead of those that led
to the box:
• The judge good-humoredly said, "Is
it a judge you want to be, my :good
pian?'
"Ah, sure. yer worship." was the re-
ply. "I'm an old man now, and mebbo
it's all I'm fit for,'',
1T5 FIDd'S in1RT1-1`Dnet-
// AND l WANT THE L1`I TLE;
L DI'Rl .INC To 1-lAYE A
? _.l
If
sP
,