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HomeMy WebLinkAboutExeter Times, 1912-6-13, Page 3FE INVESTIENTS Cana' Ins Not 'Yet a Nation. of Investors, Bu•g, 0 ortunity for Purchasing Bonds of Small Denominations Will Bring About the Tiabit. Purchasing Securities on the Instalment Eau. The articles contributed by "Investor' are for the sole purpose of gelding prim: peotive investors. And, if possible, of sale) Ina them from losing money through Plizeing it in 'wild-eatenterprisee. „ The Partial and reliable cheracter a the elation may be relied 11P`on. The ter of theeie articles tied the publisher this peer have no interests to serve U connection with this matter other time base of the reader. The French are generally heown ah a eaten of savers. • They are, b.owever, ere than tins, they are a nation a in- Freneh man and won,tan h ve an inherent ambition to lay bY small amount from each year's, earnings to keep them in their old age, and most e of, them do ea. For investment they pur- \ chase the "rentes"---which is the Govern - Went bond of the Freeoh nation, and whioh may bo had iu small deuorainatieas. Flowever, it isn't about the Frenok that want to talk. Canadians have in some measure. lol. lowed the lead of the French. The amennt of saVinge laank. deposits per capita is very. high -about tos for ea oh inhabitant, 0P taking an average a four to the feni. fly, about $380 for ,eaeh. family. On this eum, however, the income is not greiii.- $10.40 a year. A Chinaman, it is said, cam subsist on about $10 a year -in China -but no white person. would care to try. however, this sum only repreeents a part ..(4. the savings of Ca,na,dians, Many ef those who build up a reserve egeirst a, eainyt ddy inveet the meney in securit4es, and some, unfortunately, in raining stooks, The amount of the former, if they could be compiled, would certainly more than dpuble the per elip311, amount of savings, however, the point is that Canadieng ao yet are not an investing nation'. The uuraber of Canadians who hold Domin- ion of Canada, bonds are so few that one Might almost say they could be counted on one's •fingers. Very few Canadians own any of our Provincial bonds, and scarcely fifteen per cent of our munioi- bal debentures were plaeed here during 1911. When it comes to other classes of bonds there is a different story. for the greater part of 1911's output a Canadian industrial bonds went into the hands of • Canadian investors. • This shows a dietinct distaste on the Dart of Canadians for conservatism. In- dustrial bonds, as a class, are by uo means the highest type of investment, U.- •though there are several issues on the market that one can purchase. without Miegivieg, Ifewever, this shoWe florae- thirig niore. Prastioany no boucle but in- dustrials are, as yet, issued, hi denoMilla- Mons lose than $500. I say as yet because there is an enralikea. liable tenclencY on the part of all corpoiatione to issue "baby bends," as they are often called, ' The fAct that one may invest so small a sum as $100 in a bond which is certainly, in the majority of oases, is far safer than even most luvestment stooks has induced many eareful people of oilman means to invest in the more stelae security. This, no doubt, ac�out 118 Ito small ineasure for the popularity of industrial bonds. though, of course, the higher rate that they bear is a contributing factor of un- questionable importance. The inexPerieneed investor, however, is prone to overlook the feet that even where bonds' are issued in denominations. greater thaa he oan afford at the me - meat he may still purehase them. A num,ber of Canadian investment houses are prepared to sell bonds on the install- ment plan ao that one may buy a sound $500 or $1,000 munioipal debenture, pay down one or two hundred dollars and Pay up the rest when convenient. Of course, the house charges interest on the unpaid balanc,e, but at the same time this Is °fleet by the interest whieh the bond itself 'beam Many investors like to pur- chase bonds in this way, as it gives them an incentive for saving, as they are na- turally eager to pay off the balance due and receive their seourity. By laying up a reserve of this sort a,nd ae a result of the forced saving, invest- ing becomes a habit. 'Undoubtedly, not only saving, but investing, becomes see- ond nature to ns,ost people who have goae in for it seriouslY, and like all habits, it is hard to break. Unlike most other ha- bits, however, it is oue which no thought- ful person would discourage. The French have the investment habit and it is time for Canadiaes generally to acquire it. A little practice is all that is required for a large nmetber of people who make no attempt at Baying, for, un- til. one makes a determined effort, it is not fair to say •that one's income is too small to admit of putting any of it by. When Canadians acquire this habit -and our savings bank deposits show that no small proportion have it in an encouraging measure -our prosperity will no longer depend, as it does now, on the willingness of the British investors to take our se.: eurities. fETERMINATION OP RA.TS AND MICE. • If it were generally known that • there is no trouble to rid a house, barn or any building of rats and mice by the use of Gillett's Lye, it is doubtful if the article could be made as fast as it would be used for this purpose alone. The pro-. cess connected with using it is v IT, simple, the plan being to • s rinkle a, little of the article in and around the -holes made by these pests in ffoors, partitions, etc. In addition to this it is well to use a • thin piece of board about a foot ' etpare, or even smaller, and ,make a.scomplete circle of the lye on the --Vo-ard about a quarter of an inch deep, and inside, of the circle place some Meat or cheese. In endeav- • oring to get at the bait the feet of the rats and mice will be burned, and the whole colony, whether • large or small, will immediately • disappear from the premises. The plan is worth trying, but the good-kbad--Gillett's Lye -should be •procured. Refuse the many cheap imitations and substitutes. W. A. Found told the fisheries conservation commission that the Canadian lobster fl,shing is the greatest in the world, and yields • -50,000,000 lobsters yearly. WIS,••••••••••01.1•4•••••••• ENGINEER KILLED. Throe Hurt and Cattle Killed When Trains Came Together. A despatch from Vancouver says: One killed and three injured is the result of a head-on collision be- tween an east -bound Canadian Pacific freight train and & west- bound stock extra early on Thurs- day morning east of Tappen, a small station about fifty-eight miles ,east of Kamloops. Engineer Joliffe, who lived in Revelstoke, was killed, and the head -end brakes - men of both trains, Wright • and Eskridge, were seriously injured. The cause of the accident is as- cribed .to the failure of a telegraph operator •at •Notch Hill to deliver the east -bound train orders. Many cattle were killed on the stock train. FOUND NO MORE BODIES. Search for the Titanic Dead Has Been Finally Abandoned. A despatch from St. John's, Nfid., says : The steamer Algerine, which was sent out by the White Star Line to search for bodies of the Titanic victims, reported at Cape Race on Wednesday that she had found no bodies and seen no signs of 'wreckage. She was order- ed to abandon the search and re- turn to this port. TIIE NEllY 11E11111 DISTIIICTS Seven Depots to be Created to Safeguard the Province. • A despatch from Toro-nto says: The Province of Ontario, for the purpose of safeguarding the public health, has been divided into seven districts. 'The decisive action, based upon legislation passed last ses- aieni,..,was taken by the Govern- ment on Thursday. The older por- tion of the province is given five of the districts, and Northern Ontario the other two. The exact boundar- ies of the various divisions have not been announced, nor the names of the seven district • health offieers who will be plaeed in charge, but the headquartets for each district have been made known. London is the central point or the weFiterti distriet,.. which, of • course, will include Mirldlesea, and prasurna,bly the rest of the counties running down the peninsula, to Es-. sex. Huron 13ruce and Grey and the surrounding CO11111108 will likely form the district for which Palmer- • ston has been ddeeted as head- quarters. Hatanaka will be. head- • quarters for the third district, which presumably takes in the Nia- gara penittstila in addition to Went- worth and other eounties. The fourth health centre will be at ,Peterboro', and the eastern one at "Iting,sbon, these two serving as •operating points for the eastern )ialf of the province. • North Bay ana Fort William Will ,the points from which the dis- •trict health officers will work in the I,40 ST WTIA Sir Thoinas Lipton tells a, lin- morotta story of 0, oortelinatun who went to ft race meeting for the first time in ilia life. The old mares •••••••••• Sir Thomas Lipton. friends persuaded him to,risk six- pence on a horse -a 40 to 1 chance. With much trepidation, the Scotehman handed out the sixpence, and, strange to relate, the horse won. When the bookmaker ,handed out a sovereign' andixpence to Sandy, the latter could not believe his own eyes. "Do you mean to tell Me I get all this for my saxpence1" he asked. "You do," replied the book- maker. "Ma conscience I" exclaimed San- dy. "Tell iris, inon, haw long has this thing been going on?" north, indicating the diviclirig line there. Teraiskaraing, with its epat demic-producing mining camps, will be carefully watched from. North Bay. The university has at the request of the Government arranged a spee cial course for the district officers. It will include chemistry, bacteri- ology, water and sewage, epidemi- ology, and general public health and sanitary naatters. But this will not be all. •Before they are placed in charge of their respective districts the men will be given a thorough schooling in prod - tical work. They will during the term of study be attached to the Health Department, and will be sent out from time to time to get a first-hand knowledge of epidemics, sewage problems, and similar Mat - tors which will tome within their province later on. The district officers will reteive salary ' of $2,500 a year arid ex - pensee, and they will net be per- mitted to engage in private prac- tice. Their duties will not be lights The suceess et the somewhat radi- cal ehanges made in the Public flealth Act last session will largely depend upon the work of these men. TO leave, them free to do this the Oovernmeat has removed 'them en- tirely from -loeal ,control. They will act ander the supervision and control nf the provineial Board,and rePOrt daily to, tlie departnaent. SWEPT BY FIRE. - Upper Fraser Country Overrun and Hundreds of Moose Burned. A despatch from Vancouver says: Reports of a serious forest fire that has devastated the Upper Fraser country for a distance, of 110 miles between Fort George and Tete Juane Cache have been received here. our railway construction camps and four engineers' camps have been completely destroyed by the flames, which have also done damage to two unnamed townsites. The men from the railway construc- tion camps were all turned out to help fight the flames. The terrific heat from the burning forests as the flames worked their way back to- ward the mountain passes was so great that a vast quantity of snow on the mountains and from the for- ests was melted, with the result that the Fraser rose three feet in two days. The floods helped in quenchihg, the fires. Hundreds of meose irqe burned. 2 • SCENE IN„HUNGARIAN DIET. Deputy Fires at President and Then Commits Suicide. • A despatch from Budapest says: Count Tisza., the Government lead- er in Parliament, on Friday, was shot at but not injured, in the Chamber of Deputies by M. Kovacs, an' Opposition deputy, who then turned the revolver upon hinaself and fixed two bullets into his head, dying instantly. Kovacs was one of the °position deputies excluded from the Chamber on May. 31, fol- lowing a, near riot, in which the Emperor and the Government of- ficials were bitterly assailed by the Opposition. , PRICES OF FARM •PRODUCTS EEPORTS FROM THE LEADING TRADE CENTRES OF AfAERICA. Moos of Cattle, Crain, Cheese and Other Produeo at Homo and Abroad. •BABADSTUFFS.. Toronto, june 11, -Flour -Winter wheat, 90' per cerat. eateuts, $4.10 to $4,15 et Oa., board, and 54,15 to $4,25 for borne oon. sumption. Manitoba dours-First Pat' ents, 55.70; second patents, 55,20, and etrong bakers', $5, on track, Toronto. Xitnitoba wheat -No, 1 Northern, $1-10,, DAY Ports; No. z, at $1.07., and No. 3 at $1,03, Bay ports, Peed wheat 671.2o, Bay POrtfi. Ontario Wheat -No, 2. white, red and mixed, $1,05 to $1.06, outside. Peas -No, 2 shipping peas, $1:25, out- side. Oats --Oar lots of No. 2 Ontario, 48 to 481-2e, and No. 3 at 47c, outside. NO. 2 Ontario, 51o, on track, Toronto. No, 1 extra W. C. feed, 48 1-2o, Bay porta, and No. 1 at 47 1-2o, Bay Ports. Barley -No business, with prices noin. ULM. Corn -No. 3 .American y11ow, 790, on track, 13ay ports, and at 83o, Toronto. • Rye -Prices nominal. I3uckw1oeat-Market dull, with • prices nominal. Bran -Manitoba bran, $24 in bags, To- ronto freight, Shorts, $26.00. • COTTNTRY PRODUCE. Beans -Small lots of ha,nd,piokocl, $3 per bashel; Primes. 52,65 to 52.75. llouey-Extracted, in tins, 11 to lac per Ib. Combs, $2.50 to 82.75 per dozen. Baled hay -No. 2, 518 to $19 a ton. Clo- ver, mixed, 514 to 515.50, on track. Baled Straw -$11 to $11.50, on track, To. route. Maple Syrup -$1.25 per gallon. . Potatoes -Oar lots of Ontarios, in bags, 51.75 to 51,80, and Delawares at $1.85 to $1.90. Out -of -store, 51.95 to 52. Imported. potatoes, $1.60, in ear lots. and 51,80, out - of -store. Poultry -Wholesale prices of choice dressed poultry: -Chickens, 15 to 17c $per lb.; fowl, 11 to 120; turkeys, 15 to 160. Live poultry, about 2e lovair than the above. BUTTER, EGGS, ChEESE. Butter -Dairy, choice, 23 to 24e; bakers', inferior. 19 to 7.00; creamery, 26 to 27e for rolls, and Ole for solids. Eggs -Case lots, 22 to 23e per dozen. Cheese -New cheese, 141.4 to 143.4o per lb. WELL POSTED. . - A. California Doctor With 40 rears' Experience. "In nay 40 years' experience as a teacher and practitioner along hy- gienic lines,' says a Los Angeles physician, "I have never found food to compare with Grape -Nutt for the benefit of the general health of all classes of people. "I have recommended Grape -Nuts for a number of years to patients with the greatest success and every year's experience roakes me more enthusiastic regarding its use. "I make it a rule to always re- commend Grape -Nuts, and Posture in place of coffee, when giving my patients instructions as to diet, for I know both Grape -Nuts and Pos- ture can be digested by anyone. • "As for Myself, when engagerlin mach mental work my diet .twice a day consists of Grape -Nuts and rich cream. I find it just the thing to build up gray matter and keep the brain in good working order. "In addition to its wonderful ef- foots .as a brain and nerve food Grape -Nuts always 'keeps the di- gestive organs in perfect, healthy tone. I carry it with me when I travel, otherwise I am almost cer- tain to have trouble with my sto- mach." Name given by mail by Canadian Postam CO', Windsor, Ont. Strong endorsements like the above from physicians :all over the country ,have stamped Grape -Nuts the med. scientific food in the world. "There's a reason." Look in pkgs. for the famotis lit- tle book, "The Road to Wellville," Ever read tho above letter? A now ono HOG PRODUCTS. Bacon -Long clear, 14 to 141.4e per lb. In case lots. Pork -Short cut, 524 to 525; do., mess. 521. hams -Medium to light, 18 to 181 -Oe; heavy, 16 1-2 to 170; roils, .13 to 131-20; breakfast bacon, 180; backs, 20 to 21c. Lard -Tierces, 14e; tubs, 141-40; Pails, 141-2o, MONTREAL MARKETS. Montreal, June 11. -Oats - Canadian Western, No. 2, 55 to 651-20; do., Canadian Western, No. 3, 501-2 to 51e; do., extra, No. 1 feed, 511-2 to 520. Barley -Man. feed, 65 to 66c; do., malting, 51.06 to $1.07. Buck- wheat -No. 2. 73 to 74e. Flour -Man. Spring wheat patents, firsts., 55.80; do., seconds, $5.30; do.'strong bakers', 55.10; do., Winter patents, ohoice. $5.25 to $5.35; do., straight rollers, $4.80; do., straight rollers, bags, 52.30 to $2.40. Rolled oats - Barrels, $5.05; do., bags, 90 lbs., 52.40. Bran $24.00; shorts, $27.00; middlings, 529"; mouillie, $30.00 to 534.00. hay -No. 2, per ton, car lots, 520.50 to $2/. Cheese -Fin- est Westerns, 1414 to 143-80; do., finest Easterns, 14 to 141-8c. Butter -Choicest creamery, 261-4 to 261.2o: do., seconds, 25 to 25 3-11e, Eggs -Selected, 25 to ger do., No. 2 stook, 17 to 17 1-2o. Potatoes -Per bag, oar lots, 51.70 to $1.75. UNITED STATES Minneapolis, June 11.--:Wheat-july, 51.- 121.2; September, 51.05; December, 51.- 05 5-8; No. 1 hard. 51.15; No. 1 Northern, 51.141-4 to 51.14 1-2; No. 2 Northern, 51.12 1-4 to 51.12 1-2. Corn -No. 3 yellow, 72 1-2 to 73.1-20. Oats -No. 3 white, 471-2 to 491-20. Itye-No. 2. 83 to 83 1-20. Bran -$23.50 to 524 Flour -First patents, $5.50 to 55.75; do., seconds, 55.20 to 55.45; first clears, 53.90 to 54.15; do., seconds, 5280 to $3.10. Buffalo, June 11. -Spring wheat -No. 1 Northern, carloads store, 51.21 3-8; 'Win- ter, No. 2 red, 51.19; No. 3 red, $1.17; No. 2 white, 51.18. Corn -Firm. Oats -Steady. LIVE STOCK 'MARKETS. Montreal, June 11. -Sales of choice steers were made at 58.00 to $8.25, good at 57.50 to $7.75, and the lower grades from that down to 56.50 per hundred pounds. Cows brought from $4.25 to $7.00, and bulls from $4.25 to $6.75 per hundred pounds as to quality. Old sheep sold at from 55.00 to 55.50, and miring lambs at 53.00 to $5.00 each as to size and quality. Calves ruled steady at from $3.00 to 510.00 each, as to size and quality. Selected lots of hogs at 59.10 per cwt., weighed eff cars, and in some instances as low as $8.60 was accept- ed with sows and stees incleded. Toronto, Tune 11.-Ca1tle-Extra choice heavy steers for buteher and export, $7 - 60 to 58; good medium to choice butcher loads, $7.50 to 58; conunon, $5 to $6; can- ners, $3; choice butcher cows, firm, at A6 to 56.50; bulls, 55 to $6.25. Stockers -$5.25 to 56 for good quality; extra choice hea.vy feeders. 56.25 to $6.50. Calves -Good veal, Choiee ewes. $5 to $6: bucks andSiluers, 54 te $8; bobs. 51.50 to 52.50. $3.50 to $4.50; spring lambs, $3.50 to 56.25 ench. Kogs-$8 25 to $8.35 fob., $8.50 to 58.60 fed and watered, and 58.85 weighed off ears. MAY 'BRINGS INCREASE. Succession Duties for Last Month Antounted to $110,017. A despatch from Toronto says: During the month of May the _On- tario Government received in suc- cession duties the, sum of $110,617, as against the nun of $86,349 for the same month Iast year, accord- ing to the figures given by the Pro- vincial Treasurer on Tuesday. The increase is a very satisfactory one, owing to the fact that heretofore the receipts of this year have not been equal to those of 1911. Up to the end of May the aggregate re- ceived aince January 1 is $467,292, as against $614,55'7 received during the first five mon:hs of last year. CABLES AT ItEDUCED RATES. YA ittOttlsii Azu4 Mit MPAK assiessose.c)gas° ' ,, • • - • - ras• ,,e.•sssasisr'zj'''' a • aeaaeseees .44 UNION JACK OFFICIAL FLAG. A Lot of Old Bunting in • Canada Will Have to Bo Replaced. • A despatch from Ottawa says: The decieiM-of the Colonial Secre- tary that the Union Jack is the only flag entitled to be floated in Can- ada, as the official flag will cause the expenditure of a lot of money in the purchase of Union Jacks by those whose flag equipment consists of chiefly the red ensign with the Do- minion arms in the corner. While no official order will issue as to the use of the Jack, it is taken for granted that the various Govern- ments, Federal, Provincial, and Sir Henniker Heaton Ropes for 12 Words at 25 Cents Soon. 'A despatch from Londoa says: Sir Henniker Heaton, the veteran postal reformer, speaking at a West Indian meeting, On Friday, said: "Very soon sitztii expect Imperial cable messages at twelve Words for a shilling. The Government ought to subsidize a cable ServiC0 as it did. the early mail service. The American cable compardes are able, to carry 325 million words annuala ly, yet only carry twenty million, It is absurd to speak of deferred dppeare from tittle to tIme. They are meseages Wider 811011 61YOUM8talle- genuine, true, ahd NO of human Interdit, es." Ro••••••••••• Municipal, will obey the order and provide themselves with Jacks forth- with for use on all ceremonial oc- casions. It will be interesting to note what will beconae of all the red ensigns, hundreds of thousands of which are scattered all over the country. They cannot be used on ships because there. are not enough ships to go around. They cannot be used on public buildings with- out disregarding the express wish- es of the British Governmen-b, but they can still be used for •decora- tion purposes. ICEBERGS GONE. Only One Sighted by Ships Within the Past Forinight. A despateh from New York says: Few icebergs are' now naenaeing na- vigation along the ocean lanesseac- cording to reports from the scout cruiser Birmingham, which is pa- trolling the Agents° in the neigh- borhood of the• spot where the Ti- tanic disaster occurred. Word from the Birminghana was brought by the steamer Oceanic, which waived on Wednesday night from Southa,mp- ton. The Oceanic was in wereless communication with the scout crui- ser on June 3 in latitude 38 north, longitude 46.12 west, and was in- formed that the Birmingham had sighted no icebergs whatever. She was in comniunication with various ships during nearly a fortnight's time before the Oceanic heard from her, only one of which had seen bergs in the vicinity of latitude 3'7.50, longitude 37.16. THIRTEEN MONTHS IN YEAR. Plan of Royal Society to Revise the Calendar. A despatch from Ottawa says: The Royal Society of Canada wants the calendar revised. The delega- tion waited upon Premier Borden on Friday afternoon and urged that he exercise his authority in Canada and exert his infiuence with the British Government to hare the number of months in the year in- creased from twelve to thirteen, and that each month shall consist of twenty-eight days. This, it is urged, would make them all -the same, and would also result in each day of the week coming every year on the same day 'of the month. Premier Borden promised the learned delegation that their request would Ileeeive the serious attention a his Govern- ment. The deputation consisted of Sir Sanford Fleming, Sir James Grant, Mr. Benjamin Suite, Mr. R. 0. Boucher and Mr. W. D. Lemieux. FIRE LOSSES FOR MONTH. Large Fires Were More Numerous Than Usual. A despatch from Toronto says: Figures compiled. by the Monetary Times show that fire losses during May in Canada reach $2,251,815, as compared with $1,355,055 in April. Large fires were roore numerous than. usual, those exceeding $10,000 each aggregated $1,904,700 in dam. - age done. t'The lOsSee Oi the month, however, did not reach. those of March or January. The municipal bond sales for May amounted to $1,928,748, as compared with $9273- 160 in April and $3,946,047 in the same month last year. The issues of Saskatchewan reached $1,140,- 200. Ontario $505,048, Alberta, $180,500, Quebec $70,000 and Mani- toba $33,000. Hon. Col. Hughes, Minister of Militia, has issued regulations for- bidding the use of liquor in the offi- care mess in ca,mps. Monthly Review of Bond Market In addition to a general review of the Securities Market our tnonthly pub- lication, issued on the 15th, contains reports from Toronto, Montreal, and London, Eng, and a special article on some prominent Canadian industry. Every investor should have a copy of this monthly review. It will be mailed free on request. • DOMINION BOND COMPANY, Limited TORONTO MONTREAL OTTAWA LONDON, ENG. Secure & Profitable Bonds Paying 611 Price Bros. & Company have been in business in Quebec over too years. It is the largest industry in Quebec Province. Their holdings of pulp and timber lands are 6,000 miles in extent, and have been valued by experts at over $m000,000. The net earnings in 1910 were $4.48,000,000. The new pulp mill • now under construction will double these earnings. Timber limits are insured with Lloyds of England against fire. J Price Bros. & Company First Mortgage Bonds pay 6 per cent. interest on their present price. They will assuredly appreciate in value. Considering interest return, security, and future increase m value, they are an unusually attractive investment. On application we will send you literature fully describing these bonds. ROYAL SECURITIES 1.4 CORPORATION LIMITED BANK OF MONTREAL BUILDING - YONGE AND QUEEN STREETS R. M. WHITE MONTNEAL-011elagO-WALIFAX^OTTAWA LONDON (ENO.) TORONTO Manager 1 Yor'LL• never taste any nicer or more wholesome food than "KING OSCAR" brand Sardines. TRY them for a change in the hot wea- ther. rer sandwiches or salads ;they aro delicious, appetizing, satisfying.. • PACKED in Norway at the world's biggest and okanest fitetory in olderless, sanitary, gold. lacquered packages. From your grocer got "RING OSCAR" btand Sardines • Wade topplIod by Sohn W. MAU ,t1 Greening, Hamilton, Canada. amisaisrawasiaistos 1 339' apeolal 11 at Issrrnimston, mkt.rxxxxos IROM .034,OVI TiJE GLOB IN ,k NUTSUELfs. Canada the Empire and the 'Weed la General Before Your Eves. CANADA. Kingston carpenters have gone haek to work at $3 a day, Earnilton's building permits for Me,y reached nearly a million del - Jars. Preliminary' work on the new nWettlayneclare. anal will be delayed until Sydney, C.B., has voted a bonus dofian$1s,0m00p,p0..i0n0gtcoothe British Cana - Nearly nano millhan tons of freight passes through the Sault Ste. Maria canals in May. Brother Viancoeur of St, Timo- thy's College was drowned in the canal Valleyfield. Three hundred thousand. dollars has been subseribed towards a new grain exchange building at Fort William, The Lake Erie Trans- portation Company's line will be run in future with Hydro -electric power. Joseph Couillard of Montmagny has been appointed to command the steamer Arctic, in, place of Capt. Bernier. James Belanger was found ex- hausted in the woods near French River. He had wandered, for oev- en days without food. James Bears, a London cigar maker, was stabbed by an unknown man on the street, and the wound was very near the heart. - The Dominion Government is call- ing for tenders for two fast steam- ship services, from Canadian ports to British Guiana and to Jamaica and Bermuda. Archbishop Bruchesi of Montreal will call upon. his church members in Qu.ebee to campaign against the caterpillar, which threatens the fruit crop. Ira Holt of Buffalo saved Miss Madeline Smith from d.rovening ai Grand Mere, Quebec, by placing her on their upturned canoe and • deliberately sacrificing his own life. GREAT BRITAIN. The defalcations of an employe have caused the failure of Proctor & Co., one of the oldest and largest grain firms in Liverpool. UNITED STATES. • • A committee of eminent surgeons reported to the American Medical Association that chloroform, ether and cocaine are too deadly or dan- gerous to use in operations, and that many patients yield to their effects. Nitrous oxidioxygen is re- commended. GENERAL. The anti -clerical tumult in Bel - is quieting down. Wild scenes were enacted in the Hungarian Assembly, the police ejecting Opposition. deputies. Staff Surgeon Browning of the German army was sentenced to two years for killing a lieutenant in a duel. Am.erican citizens and foreignera in Cuba appealed to their respec- tive Consuls for protection against the negro insurgents. , A rich emerald mine, believed to have been operated by the ancient Incas, has been found near Ace - 'nay°, Southern Peru. MILLIONS FOR EQUIPMENT. C.N.R. to Spend a. Large Sum in the West. A despatch from Toronto says.: The C.N.R. has set aside for the augmentation of its equipment eight or nine minions of dollars. The official announcement says this sum will all be spent on lines in the west. The first order of the year has been placed, and calls for 136 new engines, 4,050 box cars, 1,185 flatcars, 400 eonvettible con- struction cars, 70 cabooses, eix snow plows and one rotary snow plow, also 82 passenger cars, 35 baggage cars, 4 dining cars and 16 sleepers. At present the company has 420 engines, 14,367 box cars, 4,509 flatcars, 649 atock cars 239 refrigerator cars • and 722 Miscel- laneous, a total of 20,906. BURNED TO DEATH IN JAIL. Terrible Tragedy Witnessed by Crowd at Sault Ste. Marie. A despatch from Sault Ste. Marie, Ont., says: Literally burned alive before the eyes of a ;crowd of spectators who made frenzied but unsuccessful efforts to save him, Andrew Wroplewski, an Austrian, met death at 1,25 on Wednesday morning in a fire which destroyed the west end look -up, located on Superior street, :just east of the C. P. B,. tracks, The man had been taken in earlier' in the evening by officer Arthur 3, Springer, on a charge of drunkenness, and it is supposed that the fire started from the stove in the building, or frona imealies •in ponossion of the priss ener.