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HomeMy WebLinkAboutThe Seaforth News, 1939-07-27, Page 7THURSDAY, JULY 27, 1939 41211•01111.14,18=1112.M. 1.1619,11110010811.1.91.1 Duplicate thit to j5 �. ents W!Y is We can save you money on Bill and Charge Forms, standard sizes to fit Ledgers, white or colors. It will pay y it to see our samples. Also beet quality Metal Hinged Sec- tional Post Binders and Index The M �'` ai rth New5J; Phone 89 .evvri.ezeri-.i^ ,. .PA^ -.ems-' .^�. <?.e.e✓. .,.. ,.w,' .a THE W'ORLD'S + ` �� NEWS ( will come to your home every day through THE CHRISTIAN SCIENCE MONITOR it International Daily Newspaper It records for you the world's clean, constructive doings, The Monitor does not exploit crime or sensation; neither docs It Ignore them, buy' deals correctively wlth'them. Features for busy men and all the family, Including the Weekly Magazine Section. The Christian Science Publishing Society One, Norway Street, Boston, Massachusetts Menne enter my subscription to The Christian Selene Monitor for a period of 1 year $12.00 0 months $8.O0 3 months $3.00 1 month $1.00 Wednesday 00000, including Magazine Section: 1 year $2,00, O Issues 200 Name dddreu Sample Copy as Ragnert THE SEAFORTH NEWS The Secrets rets pf Good Looks SKIN CARE FOR BLONDES! Everything has its drawbacks, it is said, and blondes are no exception to this rule! They rarely suffer from blackheads, enlarged pores or greas- iness but, with their finely textured, sensitive skins, have to combat dry- ness, with its aftermath—wrinkles— always hovering ahead! However, a fee' tninutes' skin care morning and night, if devoted regu- larly, will safeguard the blonde's fresh beauty, without being too much of a strain. Night-time routine; Thoroughly cleanse the skin; this is important, First wash with gentle palmolive soap, which not only cleanses bat helps to youthify the skin. Next cleanse with penetrating three -pure .pose cream. Remove the cream with a .warm damp cloth. Then wring out a pad of oottonwool in cold water, saturate it with a toning lotion, and gently smooth over the skin until no trace of cream remains. Follow this up by massaging the skin with a rich, nourishing cream, using upward and outward ntovemeuts. This done, re- move the surplus with a cold damp cloth, and leave on a thin film of cream over -night. Morning routine: Wash off the over -night cream, then carry out the new "six minute make-up" method with three purpose cream, and pow- der, rouge and lipstick to match. This simplifies make-up problems, whilst enhancing skin loveliness. Do remember, though, that a blonde must use make-up discreetly, to avoid looking hard and artificial. Apply coloring sparingly. Write to me for personal beauty advice, enclosing four one -cent stamps for personal reply and copy of my interesting new complete booklet on Beauty Care. Address: Miss Barbara Lynn, Box 75, Station B, Montreal. • Grandma alwayswas a keen shopper and quick to "snap up" a bargain ... but you'll recognize these BARGAIN OFFERS without her years of ex- perience ... you save real money ... you get a swell selection of magazines and a full year of our newspaper. That's what we call a '°break" for you readers ... no wonder grandma says—"YOU'VE. GOT SOMETHING THERE!" ALL-4'AM1LY OFFER THIS NEWSPAPER, 1 YEAR AND ANY THREE PLEASE CHECK THREE MAGAZINES DESIRED ❑ Maclean's Magazine (24 issues), 0 Rod and Gun, I Year. 1 Year. 0 Silver Screen, I Year. ❑ National Home Monthly, 1 Year. ❑ American Fruit Grower, 1 Year. O Parents', 6 Mos. ❑ Chatelaine, I Year. 0 American Boy,11 Mos. ❑ Christian Herald, 6 Mos. ❑ Canadian HorHculturefand Home 0 Open Road (For Boys), I Year. Magazine, I Year. f. AGAZINES ALL FOUR ONLY SUPER -VALUE Y FFER THIS NEWSPAPER, 1 YEAR AND THREE RIG MAGAZINES GROUP A — SELECT 1 GROUP B — SELECT 2 ❑ Maclean's Magazine, 24 issues, 1 Yr. ▪ National Home Monthly, I Yr. ❑ News -Week, 6 Mos. ❑ True Story, I Yr. ❑ Screenland, I Yr. ❑ Judge, I Yr. ❑ McCall's, I Yr. ❑ Magazine Digest, 6 Mos. ❑ Parents', I Yr. ❑ Christian Herald, 1 Yr. ❑ Woman's Home Companion, 1 Yr. ❑ Collier's, I Yr. ❑ American Boy, I Yr. THE SEAFORTH NEWS ❑ Chatelaine, I Yr. O Rod and Gun, 1 Yr. O Silver Screen, 1 Yr. ❑ American Fruit Grower, 1 Yr. O Canadian' Horticulture & Home Magazine, I Yr. ❑ Open Road (For Boys), I Yr. ALL FOUR ONLY Gentlemen: I enclose $ 1 am checking below the offer desired with o year's subscription to your paper. 0 Ail-Fomily 0 Super -Value Name Town and Province SEAFORTH, ONTARIO. PAGE SEV'.EN MILLION DOLLARS A DAY COME TO CANADA The flow of immigrants to Canada of twenty-five years ago has now changed to one of capital. (By A. T. Hollingsworth is "Can- adian Business".) Money is on the move. Seeking shelter from grasping govertltnents, investment funds are shying away from the old world, but there are few havens for such money. The .Far East is no longer a field for sound "invest- ment; South America and Mexico are not regarded as ideal spots for foreign capital; opportunities in Aus- tralia are limited; and South otters little diversification. To the United States and Canada, therefore, would Row the fortunes of Europe. A rough estimate suggests that Canada is re- ceiving about one million dollars daily front alt sources, including the United States. Money is on the move. In a Czech railway carriage sits a salesman of artificial jewellery. At the frontier he is searched, his papers scrutinized and his samples carefully p ca of lly esantined. But how is it possible to distinguish one real stone in a cheap setting from the hundreds of glass imitation? Thus wealth moves out of Germany's protectorate in the fortn df a preci- 0us stone. Money is on the move. A Dutch- man travels to the Leipzig Fair. He carries a large roll of German cur- rency. The inspectors at the frontier show him every courtesy. His pass- port and amount of his money are checked,, and he is allowed to proceed with the minimum of red tape. A week later he returns with slightly less money complaining that he found nothing of interest at the Fair. But he carries out with him real money and not the counterfeit notes with which he entered the couutry. More money leaves Germany—black money. But all refugee money is NOt Meek money. Only a small proportion of the funds which have been entering Canada has been smuggled out of the totalitarian states. Most of the inflow represents that liquid inter- national capital which is always seek. ing ''the greatest security or the greatest opportunity. And most of it has come from, or through, the Unit- ed States. The most recent figures of foreign deposits in Canadian banks show that they have recently increased at the rate of $12 million a month and are $70 million higher (17Y2%) than a year ago, whereas Canadiau deposits have only increased about 41/2.% dur- THE SEAFORTH VIEWS Seaforth, Grit, D. H. McINNES CHIROPRACTOR Office — Commercial Hotel Electro Therapist— Massage. - T-Tours—Mon. and Thurs. after- noons anw 'by appointment FOOT CORRECTION by manipulation—Sun-ray treat- ment. Phone 227. ing the same period. The expansion, however, of over $100 million in dom- estic back deposits- during the past year might well include much for- eign money, A moderate amount of money has undoubtedly found its way 11110 the better Canadian htvestmeut securi- ties. Open-end investment trusts can- fined- to Canadian issues have been formed in Amsterdam and Genera. There has been other buying of Can adieu securities but official -data would indicate that the amount is of modest proportions although L hue had an uudne effect in the -narrow markets which have pr- va il-:d Buri recent months. During the first quarter t thfs year, Canada sell about i45 :Milieu more securities to iuv asters 0utsid- the country than was purchased. The bulk of our businese was done with the United Statee les of to our neighbor anionn-'d to w87 mil- lion, lion, or about 77% of the total. A cer- tain proportion of this was obvienely for foreign account-. but as Canada bought securities from the Unit. ' States to the value of $53 million. our net sales for the three month; were only $34 million. The net overseas in- vestments in Canada during the first three months of 1538 were substant- ially larger than in recent years but, in relation to our national income, the amount of the net sales of Can - adieu securities to the United King- dom and other countries was compar- atively small as shown below: First Quarter 11139 Sales of Securities to the United Kingdom ..$15.4 million Purchase of Securities from the United King- dom 11.6 " Net Saler $2.6 million Sales of Securities to Other Countries $11.7 nil hon Purchase of S ei.'iti:-s from Other Cnlatries, . 4.:; " Net Sales $7.4 million As far as the purchase of securi- ties from the United Kingdon ani "other countries" is concerned. this represents chiefly repurchases of Canadian securities. Consequently, official data would tend to deflate popular ideas regarding the extent of overseas investments in our mar- kets. Nevertheless, including net in- vestments by United States' citizens and institutions in Canada, and in- cluding foreign deposits in Canadian banks, one can estimate that about one million dollars a day is coming into this country. Besides the purchase of govern- ment bonds and seasoned investment stocks, a little el this money is go- ing into new plants, a little more into real estate, but e large part of it seeks employment. So far, refugee money seems to be timid money. Scared ant of its own country. k ds not willing to take uttdne risks. Sate; ty rather than revenue is the domin- ant objective of mutat of this money. Witness. for example. the type of stock purchased by the Amsterdam and Geneva investment trusts. Good records were obviously more import- ant to the managers than possibilities for future growth. Not only is there fear amoug in- vestor's abroad that their present se- curities will suffer front the growing disregard for the established order. but there is also fear concerning the safety of the actual certificates. Switzerland has long been regard- ed as the strong box of Europe. Swiss hankers have been managing some of the world's biggest invest- ment portfolios. In Geneva's vaults rested the securities en which ex. kings, spinsters, dignitaries. and ex - politicians, depended for their liveli- hood. And it is whispered that many a Swiss banker holds secrets that would undermine positions of inter- national figures who have been build- ing -up investments in other countries against the possible day of reckoning in their own country. ' ' Today, S'witz'erland is apoor geo- graphi'c'al- risk. The country .mieG1et be oaal$ow^ed-ufp alurost ov'ernighlt by one "f its powerful neighsbours. The 'financial loot is tempting bait for rotalitariatt< .7: valuta,- Consequently there: is More than onto reason, wkly Switzerland may be •the Belgium oaf Tile next war. The Swiss and foreign inve tors know this-- and flee 3 -`neva. vaults. •are ',rind emptied Already much of tilC gold reserve of the ranking system has 'been Transferred t. nations outside the im- :o.,fiat- ?a:h of (iasahl... war Sec- ur�`i:•, h' also heen removed. oved. 1•. New York an.1 . Montreal have corliz 2 !I a_1. -of eer- ic; V±an • of them. - reproseat .a.iiirlries of a dozen countries. Stook - lir .1 P....3!t _1 1.l.t•.'..- or a enz:i Ma ct •comp t, .. bonds .. ,... •. -,;,til:i c.rporaeion .>'tt ;int( east of lava. r : t.t',X in :artlt in M-ontreal next To the .venritiesof 0 7.1 1r r any and s Canadian ' ,'_- tiTility. And. this ,_ ,r may carry a number which h ,ne_a!s '1110 anti y •of a Greek investor with faseist leaning*s But the Swiee are :canny mane - ger:. They have seen Czecho-Sio- valeia become a protectorate without war and. have watched the gold of the national bank transferred from the ('rank .of International Settle 'mennts :to Berlin. So they have been taking no chances. Special arrange- ments have 'been .made. - In many instances rhe Anterican and Canadian custodians have ver. ceived instructions that in the went of war, invasion, or even national emergency, they are not to act on cable, telephone or even written instructions front .the other side hoc to follow instructions contained i special- sealed envelopes den o'1t ,1 'with seccrities. certain 1, milts i1.a, - counsel on t'uir lt:iv: .Of 1.1 s, i1. 10 rain v )inpli:ati,00 may ori -=e a^a! Inflicting instree-elms might result. .Nevertheless, iNew - \"ork ,n;l \lontrii•a. :i:'.' i,e.gitutir,:g .t4 o•,tltmk:L with Lona• -•o . ' eneva'o p' -isnot:, ae tate x-'ri.l'- ..af.tr-deposit -los. hitt Canada shot:ld ',e -ott: •-,,ir.g more titan a safety-depo<i: Opportunities itr rite fi ttatl.in.X ., sound expansions are brine' pro. --'to They may not last ladefinit:'io Gradually. restrictions on the export. of capital are 'being imposed in eve, tire - most capitalistic cuun^_ri.... Sir John Sinton'• recent request The City, for 'instance, to c''rt.ti. foreign investment, while sotnr•-'I,,r indirect. has struck at :the very on which Britain's world-wide +i Mance has has -been 'built Private capital is slowly being harnessed hr all „overnment . Even in ti's:if ritr,l States and Canada there Is a • -n•i in this direction. 'ant the freed capital lit Lanti+ia still apoeai, weary E)r,>•.,; Ot. If we _ssed 'the ilfttis;it'e.,., farssightaltte.s, and cott'ra,te to afford eninloym:• , for suh: money we might raise our standard „f living to levels :r'hh tv0401 he the envy of the. world. Seeks Damages • Reginald Tolton, railway mail clerk residing ,ca Colborne street, .has ent- ered .action in the Supreme Coourt here seeking 1$150110 --for injuries received in • art automobile accident art Sebringvdfia on ,O•ctoher list,. •3±1345, the- eve df his marriage. The action will be heard (text Ococther. - Epps - Transport, (Clinton: GordianGrant. God„rich. at that tinge •one of he cuntn'tny's drivers: Lri hnntan A•us Lines, Ltd., .K tche.iter, at that tints. der;a.uc� the Stratford-Ceade.rioh !nus, an 1 Cecil ,Colclott lt, Gode.rich, 'former h'1. delver, are defendants.. 'n•.cl ugh was driving Tolson it:,• i-lo,icric.h in a private car. •ylte'ged'iy an a"7ai''10 r ,bus.-w^lten the accident +lie. curriot. .At an irderseraion at Sebring - rite -private car .crashed into the Epps Transport, driven by Grant. Ttvl- 't:am, Colclouoth iand kris daughter were inj'ared, Tolion the armee 5-eriiaus±y. However, he Event through with his wedding next day, his lhead swathed. nn (bandages.