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HomeMy WebLinkAboutThe Seaforth News, 1919-12-11, Page 7BRITAIN RAPIDLY REGAINING HER FORMER COMMERCIAL STAN 9I'G paying Her Way on Almost a Cash Basis—Question to Why " the Pound Sterling is So Cheap Easily Answered. London, Dee. 71 Foreign trade ports' for November, just issued 'by Board of Trade, show that Engrnncl recouping her favorable po pion, November exports were 6537,900, and imports $718,000,000, ,'otnoal with October exports of $-1;+000,( sill imports of $767,000,000, Expo for eleven months were $1,228,000,0 while imports were $7,813,000,0 Thus the visible unfavorable tra balance for November was only $18 000,000, campared with an unfavoral Collate of $353;000,000 last. Janua the meet unfavorable month after t armistice. The- visible debit balm! for eleven months is $3,085,000,000f If to this be added the probable further deficit for December ($175,000,000), or about the same as November, Eng- land's unfavorable trade balance for the year will be approximately $3,- 250,000,000. But ,in the figures of the Board of Trade no account is taken of England's huge revenue from .chips and banking cervices collected from foreign nations, Financial people esti- mate the shipping revenue at $2,000,- 000,000, and interest from foreign in- vestments, together With profits from banking services at more than $1,- 000,000,000. This total of invisible revenue will almost wipe out the un- favorable trade balance. According to these figures and estimates England is really paying her way almost on cash basis. One might ask, if this is true. wl as' TO- is the pound sterling so cheap 2-- This the is a pertinent question, but easilyly is answered. According to United"State.; rho! trade returns Great ritain exported daring October only $41,000,000 Worth 000of goods to the United States, If this 'ell same ratio prevailed in November it .00 will be seen that the United States ' its took only seven per cent. of Britain's 00, exports. Where are British goods go - 00. ing, The majority is going to the de Continent to help rebuild industryand vill 1,- trade thereand whythat .isthe i L_U\LL IL CI.t1ltii;H; MRS. L. H. CL lie pound Newly'appointecl Lieutenant -Governor Wife of the new Lieute sterling is so low. Goods are being 'c of Ontario, of Ontario he is SETTLEMENT LOANS TOTAL, $50,6999,00 sold .on the Continent on credit, but Britain is not buying from the United States on credit, so sterling bills must suffer for the time being. If the Con- tinent succeeds in getting a big long- time credit the effect on sterling ex- change weal be noticed immediately, as it would have the effect of turning 'British exports to the Continent into liquid shape, enabling' 'her to buy in the United States with the proceeds of the sales to the Continent. The figures show that since the armistice British exports ,in food, drinks, toleaeto and raw materials have quadrupled; that._ exports of manufactured goads have doubled, and the re-export of imported goods has increased one thousand per cent. The rapid increase in foreign trade ,is Making it exltemely difficult for the advocates of an anti-dumping bill, who a are having a hard time proving that such a bill is necessary to prevent ly British trade from being killed, Only Two-thirds Wheat 3 Has Been Moved. East 5,433 Soldier Grant Entrie Reported by Boare'_. A despatch from Ottawa says: The Soleliet Settlement Board has gots over the fifty million mark in loans t returned soldiers settling on the las The returns are completed to Novem ber 15 and show a grand total of $50, 099,003. The number of loans ap proved is 16,175 and the average Lou is $8,134. Advances were made for the tel lowing purposes: Land purchase. Amount for purchase, $28,128,250 improvements, 4,528,225; stock at equipment, $10,830,537; total, $41,990, 112. On Dominion lands: Improvements, $1,375,173; stock and equipment, $3,882,267. Total, $5,- 257,800. On land owned by settlers: Encumbrances, $1,726,279; improve- ments, $583,204; steels and equipment, $1,141,518. Total, 3,451,091. Grand total, $50,699,003. The board also reports a total of 5,433 soldier grant entries completed up to the 22nd of November, Coldest November Since Away Back in 1896 S A despatch from Winnipeg says:— It is estimated that not more than two-thirds of the season's grain has been shipped out from the Meg, To ° dale 70,000,000 bushels have passed ° over the Canadian Pacific Railway d' lines, and ,(t is said that between 30,- 000,000 and 85,000,000 bushels will yet _ be shipped out. The early cold spell is responsible in part for the slow n movement, all available cars on rail- _ way lines having to be used for the transportation of -coal. ui i King and Queen Are Proud of the Prince A despatch from London says:—One who was present at the banquet given by the King at Buckingham Palace in honor of the return of the Prince Wales says the, occasion was the first time the King had heard the Prince make a formal speech. The King him- self concluded his own remarks by saying: "His mother and I are proud of him." A despatch front Winnipeg says:— November, 1919, has been the coldest on record since 1896, according to the official observer at St. John's College Observatory. The lowest for the month was 'recorded November 30, when Lloyd George Thinks Pact,, to be Ratified This Month A despatch front London 'says:— Premier Lloyd George, speaking in the House of Commons on Thursday, ex- pressed•the hope that the peace treaty would be ratified before the end of the month. He thought Parliament 18.0 below was reached. would rise Dec. 23 until February HUGE GERMAN PLANE BOUND FOR RUSSIA CAPTURED ROU . 1A S Cargo and Documents Are An Eye -Opener Regarding Ger- many's Attitude Towards the Entente Powers.. Paris, Dec. 7,—Aeronautical experts war. But the contents of its passenger! 'have pointed out often thet•it is dang- erous for the Allies to permit the Ger- mans to build new air machines or to use their powerful old ones unless the Allies limit and control their use. Such fears seem fully justified by a docu- ment published to -day 'by Le Journal. A photograph shows a huge German machine which was captured by the Roumanians in Bessarabia when the machine, wdtich was flying to Russia, was forged to descend bedtuse of en- gine trouble, The picture in itself is nothing remarkable, except " that it shows the size of the machine, which its one used to bomb London during the cabin throws new light on the allied German undertakings with Soviet Russia, The cargo of the machine, which was piloted by two German offi- cers, with the aid of three mechanics, included 260,000,000 roubles (normally $180,000,000), a special press for printing roubles, and millions worthof jewelry, Among the papers Tound on board; it is said, were documents which clearly show Germany's intentions in regard to the Entente powers. The machine 'has five engines, each of 260 horse -power, and is capable of hauling -40,000 pounds and of flying for several 'hours without a stop, aY4Ot.L`f•MAw61E MUST BE SITTlm`I UP IN THE OARLoR PER ME 14UE5S I'M IN PER A NA441F14i alaaaaa4 ',tea Iiiil!Illl?� • J, t. 1F t KIN',IUST SNCAK PAST THE CURTAINS Nan -HOOT HER SEEIN FE NE -1'N SA.,,anEiti Grain and eve Stock Breadstuffs, Toronto,, Dec, 9.—Manitobafwheat— No, 1 Northern; $2,80; No. 2 Northern, $2.27; No. 8 Northern, $2.23, in store Fort William. Manitoba oats—No, 2 CW, 881,lc; No, 3 CW, 86t%ec; extra No, 1 feed, 8454o; No.. 1 feed, 81s%e; No, 2 feed, 80%e, in store'Fort William, Man, bailey -No. 3 CW, $1.49%; No. 4 CW, $.1.32, in store Fort William. American corn -No. 2 yellow, $1.70; No. 3 yellow, $1.60, track, Toronto, prompt shipments. Ontario oats --No, 3 white, 88 to 90c, accordin to freights outside Beans—Canadian, hand=picked, bus,, $5.26 to $6.75; primes, $4,25 to $4.75; Japans, $4,75 to $5; inported, hand- picked Burma, $4; Limas, 17% to 1.8%c, Honey—Extracted clover, 5-1b, tins, 27 to 280; 10 -'lb. tins, 25 to 26c; 60 -lb. tins, 25c; buckwheat, 60 -Ib. tins, 18 to 20c; comb, 16 -oz°',, $6 to $6,50 doz,; 10 -oz.; $4.25 to $4.50 doz, Me products—Syr, p ial gal,,apl$3,15; per 5timpuperieler galsimper- „ $3; sugar, lb., 27 to 38c. Provisions—Wholesale, �rSmoked meats—Hams, med., 36 to Ontario wheat—No, 1 Winter, 38c; do, dreavy, 31 to 82c; cooked, 47 car lot, $2 to $2.01 No. 2'ilo, $1,fl7 to to on ' !oris, e; 'backs, 31e;p in, 47ast $2.03; No, 3 do, $1.93 to $1.99, f.o.b. baaconn'42 to oneless,449 •to 5 cg lain to shipping points, according to freights. Cured meats—Long wheat—No. I Spring, $2.02 to to 31caCOn, -31 to 32e; clear bellies, 30 to 31c. Lard—Pure, 29% to ' prints, 30 CO 8033 e, Compound tierces; 27% to 28e; tubs, 28 to 28%0; pails, ARKS $2.09; No, 2 Spring, $1,59 to $2.02; No, 9 Spring, $1.92 to $2,01, f,o,b, shipping tierces, 29 to 293%• sant-Govern! points, according to freights, t1a 30C, pails, 29 to 30 /yo Pias—Nn, 2 -$2.S0 Paries-fMa21ting. $1.50 to $1.08, ex- t ^s 2S 9 yowling � /s to : 9 roe lir28%c; 'a : to freights prints,. „ el .l lits nuts 29 to 30 ��(gp''��''d99I spy Ty�I a, outside'/z c 0ya.d td � �d ��`91j :t � ���� ��"q� - itur.kv:harrh--$1.;to to $1.33. ¢root•ding Montreal Markets. Val 1 JAL 6 to freights oetstdo. Montreal, Dec 9—Oa,- ts extra No 1 UNITED ST TES NOW N SIGHT Stye—No, s, 51,37 to $1.40, according feed, 99c. Flour, new standard glade, to freights outside, $11 to $11.10. Rolled oats, bags, 90 NTanitoba. !tour—Government stand- lbs., $4.75 to $4.85. Bran, $45. Shorts, aid, $11, Toronto. $52. Hay, No. 2, per ton, car lots, $24 Wilson Ontario flour—a'overnment standard, to $25. Cheese, finest easterns, 29% New Proposal by President libili Be Accepted by $5.50 to $9,00, Montreal .0 Toronto, in to 30c. Butter, choicest creamery, Both Sitdes in the Opinion of U. S. Attar- 60; Jute b^gs, prompt rshlnment. 67r/e to 68c. Eggs, fresh, 90 to 964; ley^�ealeral Palmer.Minfeed—C^r lots, delivered Montreal selected, 66c• No. 1 stock, 68e; No. 2 ll Alm freights,- bags included: P,ran, per tan, stock, 55e. Potatoes, per bag car lots Washington, Dec. 7.—Attorney- the y Scale Committee in Indian -aliens toaens $ ,6s. $45; shorts, per ton, $52; good feed flour, General Palmer announced early this on Tuesday. Day—No. 1 per ton, $20; mixed, per morning that President Wilson has The President's terms were submit- inn, $2r to $z3, track, Toronto.' made to the coal miners a definite con - ted to acting President Lewis and Sec- Country Produce—Wholesale. crate proposal looking to a speedy termination of the strike and an ad - $2.25 to $2.59. Dressed hogs, abattoir killed, $24 to $24.50, Lard, pure, wood pails, 20 lbs. net, 2834o. Live Stock Markets. Toronto, Dee. 9.—Choice hear,/ ea yesterday Sutter—Dairy, tubs and rolls, 43 to steers, $13.25 to $13.60; good heavy at the Department of Justice, which 44c; prints; 48 to 50e; creamery, fresh choice, $11.750 to $$1; 25; do,' cattle, was attended also 'by Joseph Tumulty, made 'solids, 62 to 68c; prints, 63 to O�e°' $11.75 to $12.26; do, good, eustmcnt of the entire oontroversy, Secretary to the President. Mr. Pal- 64E, $10.75 to $11.60; do, red., $9 to $9.76, and that ea t,ing President Lewis and mer had previouslyggs—Held 62 to 64c; new Iaid 75 do, cum,, $6.50 to $7; bulls, choue, $10 gone over theto $11; do, red,, $9 to $9,2fi; do, rough, Secretary Gceen df, the miners would whole coal: situation with the, £resi .to 80c. , urge its acceptance at a meeting of. dent, Dressed poultry—Seting chickens, $7 to $7.86; butcher cows, choice, $10 I26 to $Oc; roosters, 25e,;fowl, 20 to meto $11; do, good, $9.25 to $9.50; do, �"= i 25e; geese, 22c; duckling, 25 to 30e; $7; ok r ,t $8,60; do$1' coma $6.50 to Ex -Kaiser's Trial Prince Replies to turkeys, 36 to 4.0c• squabs, doz., $4.50. a'$11oen.-s, $7.50 to $10; feeders, $10 c nhkens 19 t f$115 fowl, 18 , o choice, Will Take Place Live poultry—Spring 1 • canners and cutters, $5 2 The King's Welcome to 20c• roosters, 20c; fol to 22c ° 5 sulkers good t ' $110 ,geese,' 17c; ducklings, 22c• turkeys, to $175; d°, tom. and med., $65 to $75; A despatch from London says:— A despatch from I oncion says:—Al- 36e. springers, $90 to $175; light ewes, $7 Speaking at Pontypridd, Wales, on though the welcome home dinner to' Cheese—New, large, 31% to 32c; t° 'spring$850; yearlings, $9 to $10.50; Thursday, Sir Gordon newest, Actor- the Prince of Wales at Buckingham twins' 82 to 32%o; triplets, 33-a`to lambs, pe cwt„ $14,76 to ley -General, said the suggestion was Palace Monday night was a private, 33t5c Stilton, 3<1 to 35e. $20; hogs, calves, good to watered, $16.25; o, not true that there were any cliasen- function K' G P I Butter—Fresh dairy, choice, 55 to I fed and do; 66 to 68c weighed orf cars, $16.60; do f.o,b.. sions or waverings with reference to , mg George greeted his son 68c; creamery prints, the trial of former Emperor William in a sot speech, addressing him as Dry Margarine -33 to of Germany. The law officers, he add- dear soli," and adding, "I wish you a ed, were continuing most careful re- most hearty welcome oem your return p home, safe and sound." The King expressed his pleasure at the remarkable enthusiasm with which parations for it. Fifty thousand writ- ten statements with reference to the matter of prosecuting criminals for t•he Prince had been everywhere re - their acts during the course of the ceived and because he had forged a war had been examined, Front this, new link between Canada and the the speaker -said, the audience could Motherland.. appreciate the magnitude of the task The Prince of Wales, replying to and not be deceived by suggestions his father, began: that ,the matter was not receiving the "Your Majesty, I feel very diffident closest attention in attempting to reply to this toast, ea---- When you bade me farewell I felt very proud of the mission you entrusted to Queen Mary Accepts • me. I was following your footsteps, Indian Woman's Name setting out to see the Empire for my- self, and I meant to do my utmost to A despatch front Brantford says: be worthy of your confidence. That Queen Mary has been pleased to It is still a prouder moment for me accept the Indian name of "Ca -non- when Ihear from your lips that you're Ronh-Nwa" from the women of the pleased with the way in which I ear - Six Nations Indians, whose reserve is reed out my task, and I am deeply near Brantford, is the information re- grateful for the far too kind words ceived here from Ottawa. The name you have used about me. I 'have had given is the Indian name of Mrs. Helen a wonderful journey, a wonderful ex - Hill, President of the Six Nations Wb pe'rience, and can never adequately men's Patriotic , League. The Queen also extended her gracious thanks for the address sent to her by the Indian women, and presented to the Prince of Wales on the ofcasion of the visit of the Prince hue on October 20. express my gratitude for the universal kindness and hospitality shown! me," BREAK IN SOLID FRONT OF STRIKE Coal Miners in West Virginia Accept 14% Increase. A despatch' from Washington says:—Reports were received here on Friday that miners in the Fairmount and Fairfort fields in West Virginia ' had agreed 'to accept the 14 per cent. increase lately suggested by Dr. Gar- field, the Federal Fuel Administrator, and would return to work. These re- ports gratified Federal officials, who I hoped that the ll'Aeaks in the hitherto solid front presented by the millers would lead to a further crumbling of their realm. Demand in South Africa Memorial Cross to be given by the Dominion Government to the wives and mothers of Canadian soldiers and 'sailors who fell in the great war. If the soldier left a wife the Cross goes to her, otherwise to his mother ox nearest female relative, ' I a For Canadian Newsprint A despatoh from London says:— Robert Muir, representing South African paper importers, will sail for Canada shortly to negotiate for a large export of Canadian newsprint to that country. He hopes Canadian manufacturers will ease their prices, and ocean carriers their mates, as. otherwise it will 'be cheaper for South Africa to obtain supplies from Scan- dinavia, from which steamship rates re lower. ij BRINGING IJP SHE MUST HAVE. FALLEN A'I.EEP DOWN THgRt.- l 38c. $15.25; do, do, to farmers, $16. Eggs—No. 1, 60 to 61c; selects, 64 corn., $G 75' to ec. 9.—Butcher hailers, to 65c; new laid, 85 to 90c.$8;'butcher cows, redto Dressed poultr, —S lin chic $6 to tcr bulls, canners, o .,c $5.75 $5.25 $6. 0o y P g v chickens, $6; butcher bulls, tom., $5.75 to $G,bO; 30 to 33c; roosters, 23 to 25c; fowl, grass calves, $7; veal calves, $15 to • 30 to 32c; turkeys, 45c; ducklings, 34 $16; good veal, $14 to $16; medium, $9 to 350; geese, 24 to 27c; squabs, doz., to $14; grass, $7; ewes, $7 to $8; $4'00' lambs, good, $13.75 to $14; coin., Live poultry—Spring chickens, 22 $12.50 to $13.25; hogs, off car weights, to 26c; fowls, 23 to 250; ducks, 22 to selects, $16.50 to $17; lights, $14.50 to 25e; geese, 190,E—� 816.50; sows, $13,60. FARMERS FORM RAILWAY CO'Y: A Co-operative ,Enterprise in Lake St. John Region, N- fQuebec. A desparom Qc ay': 4p 1 railroad built"tch"and operateduebebysa gs:roup of farmers, in a remote region of Queo' bee Province is the latest in co -opera.» - tive news, The district of Lake Sto John, in Upper Quebec, is the scene of this novel enterprise. The compan will apply to the Quasi! Legislatu'r at its session next week for a charter. ' Another railway to develop coun- ties in Quebec Province close to and' leading to the Ontario border is pro- posed by a recently organized coma pany which will apply to the Quebec Legislature next week for incorpora- tion. This latter company's firm name will be the Quebec Colonization Raid- /a' way Company, and it proposes to op- erate a railway line from a point at or near Mont Lausier, in the county of Labelle, in a southwesterly direction to a point on the Canadian Pacific Railway at or near Nfaniwalci, in the county of Ottawa, and running west- erly in the direction of Lake Expanse and Lac 'des Quince to a point on the Canadian Pacific Railway at or near Temiscamingue, and further' to build and operate a railway line from a point at or near the Colonge River, in the county of Pontiac, in a northerly direction to a point on the National Transcontinental Railway at or neap Nattaway to a point at or near the Bell River, north of Lake Shabogama. The whole, with the necessary connect• ing lines and branches, such railway line to be operated wholly or partly by steam or electricity. The Legislature will be asked to, authorize such company to own and operate ships and boats, to acquire, develop and operate water and electric. powers, timber limits, fishing rights, licenses and patents, saw -mills, mines, ores and clay products, and to carry on all trans and businesses in connection therewith and for other objects. The other railway company seeking incorporation at the session of the Legislature that opens here on Wed- nesday next is the Farmers' Railroad Co. of Normandin, in the Lake St. John region. It will build and operate u railway line as far as Eeribonk,:and "corn there as far as the Saguenay River at St. Fulgence, or near that place, at deepwater, and will also ash for all the necessary powers for the accomplishment of the above purposes DOMINION SHIP - Another Record in Exchange Fall A despateli from New York says:— Demand sterling or bills on Londo foil to $3.84% to the pound in this market on Friday, representing a de- cline of 2% cents from the recent low level, and a discount of about 21 per cent, from the pre-war rate of $4.86%. Rates on Paris also made a further decline, the purchasing power of t'he franc falling to almost 10% to the dollar, or a discount of slightly more than 50 per cent. British Subjects Only to Give Oaths i A despatch from Regina says: - 1. Commissioners for oaths in Saskat- chewan will have to be British sub- jects either by birth or naturalization following the passage of a bill before the Saskatchewan Assembly. Appointments will, moreover, be subject 'to annual renewal. This is a question which has been much can- vassed by the G. W. V. A. during the past year, 177 Head of Holsteins Fetch Sum of $51,000 A despatch from Fond du Lac, Wis., says: A total of $51,000 was obtained for 177 head of registered Holsteins at the annual fall sale of the I3blstein Breeders' Sale Company., The average price was $288. Korndyke Press brought the top price of $976. Calgary Horses Bring Big Price in Britain A despatch from London says:— Thirty-four Percheron horses bred by George Lane of Calgery, Alberta, an were sold at Easton, Suffolk, and real- m iced 57,018. Lord Minto bought mare for 650 guineas, and Perfection, do a stallion, winner three times in Can- ada this year, brought 560 guineas YARDS ARE BUSY Twenty Thousand Men Em• ployed in the Industry. A despatch from Ottawa says:—In- eluding the two 8,350 ton steel vessels ordered recently from the Wallace Shipbuilding Company in Vancouver the Dominion Government has now, contracted for 57 ships. Three months ago there were 23,- 500 men on the payroll of thirteen Canadian yards, and there are probe ably twenty thousand men now active. ly engaged in the construction of yes - eels in Canada. The expenditure in wages is estimated at forty-two mil- lion dollars a year. In addition to this 23,000 employes of other industries which supply the raw or half -finished aterials used in constructing ships, taking engines and rigging and out- fitting them, earn about forty million liars annually. Tha actual money invested in Cana- an shipbuilding yards is $47,000,000. Eighteen ships of the Government eet are now in commission, and there Il be 22 before the end of the year. a Canadian Aviator, one of these ssels, is going.on the first voyage a Government vessel to Australia th a cargo of paper. The steamships anadian Volunteer and Canadian miner have'sailed for Great Britain the Panama Canal with lumber. It stated Stere that the British 'Govern nt is buying seventy million feet lumber in British Columbia. 60,000 Names on Walls of ,Church. church will he erected in Notre se de Grace, a suburb of Montreal, n the walls of which will be im- bed the names of every man who for Canada in the great war, . The rah will be used by the combined. gregations of the Anglican Church he Good Shepherd and Trinity rola. Sixty thousand Canadians e killed. [MEXICO RELEASES U.S. AGENT PR S. WILSON HANDLES SITE ATION Two Senators Who Visit President Find Him Mentally Com- petent to Direct Affair s of Nation — News of Jenkins' Release Halts War Talk. A despatch from Washington says:—A sharp and sensational turn of optimistic character was given to the Mexican crisis on Friday. Its first phrase was official announce- ment of the release of William 0. Jenkins, the United 'States Consular Agent !imprisoned at Puebla, Its second phase, now more inter- esting to the country, was the report of a special committee of the Senate Committee on Foreign Relations, after a personal interview with President Wilson, that he was Mentally com- petent to handle the 'business of the nation. It was through this personal tinter - view that the ghost wale laid of the strong intimations that President Wil- son was in no condition to direct Am- erican affairs, The two Senators who interaiewed the President, with the illy -concealed porpoise on the part of members of the Foreign Relations Committee to ascertain the truth or falsity of the many rumors that he was in no physi- cal or mental shape to .attend to im- portant public business, came away from the White House convinced that his mind was vigorous"and active. 51H1 4ET TO YOUR RooM AND DON'T MAKS. ANY NOISE- OAVGHTER IS tN THE PAR10R \ITN HER BEAU." :j I'M FOR -THAT <arf EVER`t NIGHT IN THE WEEK.- 9 fl wi Th ve of wi C Tr via is me of .A Dan upo seri died chu con of t Chu wer -- C Swimming "Agony" Feared. Investigations have been made by a life-saving society as to why deep sea fishermen were not taught to swim, It was stated at an inquest at Grime - England, recently, that not " man iu twenty en-' - - _",,na-iin'ITa 1 - quiry at all . �.aa s'ivi01, ,afiai iii< r^ . -cti9 fishing ports of 1Eng- ..uix and .Scotland revealed .the.as- Itonishing fact that a sidsted.ercent. age of non -swimmers exleted. The belief among fishermen of all parts is that those who know ]low to swim only prolonged the .agony of drowning. The street corner is the home of all sorts of evil. " Street -corner friends. are usually bad friends. . l Dried beans and P. require soak ing overnight anti long, slew cooking. I II,beans are old and hard add a little l soda to the water in which the beans are soaked and in the first boiling water,