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HomeMy WebLinkAboutThe Seaforth News, 1927-06-16, Page 3CANA A'S CREDIT IIG' SIXTY PER CENT. I, y TWO DAYS $65,000,000 Loan Snapped. Up -by United States Investors. GOOD OMEN. Oi Wedr,esday aerangementswere ere made to Riede a sixty -:five million dol lar loan with a syndicate composed of a foremost Canadian and'American bankers. On Saturday morning over fifty millionofthe loan was sold,with a good possibility of the total being placed by Saturday noon at 4t/e per Bent. CANADIANS INVEST. Sixty pre cent. of the sale of the 30=year 4% per, cont. bonds was ac- counted for in the. United States and 40 per cent. in Canada. -,In addition to the. Inner subscr.ip- ''tion roceived from institutions . and estates,, an interesting feateare in con- nection .with the offering, it was stated, was the Large number of sub- scriptions under $10,000. received from individual investors, both in the Un- ited States and Canada. Several of the. larger United States syndicate houses received subscriptions in ex- cess of their allotments, due • primar- ily to the fact that the sale of bonds to individual investors was consider ably larger than expected.: Unusually large subscriptions were received from United States colleges and other educational institutions. . THE SYNDICATE. The syndicate was headed by Blair nee Company, Incorporated, the Chase Securities Corporation of New York, the Equitable Trust Company and the First National Corporation of Boston. Associated with these are the foilownig in Canada: Bank of Nova Scotia, Banque Canadienne Na- tionale, Canadian Bank_of Commerce, R. A. Daly & Company, • Dominion Bank of Canada, Hanson Bros., Greenshields & "Company, McLeod, Young, Weir & Company, Limited, Matthews-& Company, and Royal, Se- curities Corporation, Limited„ Na- turally the investors appreciate Can- ada is really coming into her own. Truly a wonderful "Jubilee celebra- tion of a practical kind. PROVINCIAL RADIO S - 'gytm f EXPOSED True Character Shown by • Executions in Moscow. "FREEDOM"? NOT. Moscow.—The execution of twenty persons accused of counter-revolution- ary activity against the Soviet re- gime, announced' in an official com- munigne made public, has caused' con- sternation throughout the Soviet Un- ion among former members of the Russian nobility and ex -army .officers, many of whom are still within the borders of the Union. There, was evidence of •suppressed excitement in Moscow, an excitement that was not allayed by the frequent passage about the, city of police wag- ons arid, the presence o8 reinforced guards at important Government in- stitutions. THE COMMUNIQUE. The official communique telling of the execution, as made public, was as follows: "In view of the open transition to terrorism and destructive struggle by Monarchist and White Guardist ele- ments, acting from abroad on Instruc- tions and with funds from foreign intelligence services, the Collegian el the State Political Department.pass ed death sentences at its session o' June 9 on 20 persons, and the sent ences have been carried' out." BRITISH VINDICATED. London, The . world now has an example of the Bolshevik mentality at its worst, it was remarked in British official circles with reference to the execution of 20 persons in Moscow on charges of anti-Soviet activities, in- cluding • tl.at of furnishing informa- tion to the British Diplomatic Mis- sion in Moscow. Dismissing the Soviet charges against the ,British Government as "absurd and ridiculous," and declar- ing that the British Government does. not stoop to such plots as trying to' blow up the : Kremlin, officials . here declared that the objectives sought. by the Soviet authorities in carrying out the score 'of death sentences are the 'same as they have been in pre- vious critical moments of the Bol- shevist regime—namely, to institute �i q °g a reign of terror, and also to make fl� H ii4�V{, a faire appeal to the Russian's sense �t• , of nationalism by making them be- lieve that Russia is menaced by for- Broatllcasting To Be Under-, e:gn powers. APPEAL TO NATIONALISM. According to the British view, with no freedom of speech and consequent= ly with no public opinion in Russia, the Soviet Government has been .able to gain support even from its enemies within Russia by continually empha- sizing that the Soviet Union is in Saturday saw between 250,000 and Station which will be enabled to reach danger from Baltic States and from 500;000 people standing in the broil- all parts of the province, and Orillia the great European powers. ing sun or rushing by back streets from.the Navy Yard to the Washing - bas finally been selected. I ton Memorial, to the White House to It is necessary. to overcome an un- FORMER LEADER IDES 'get one single char,ce to see the youth g y explaine.l "atmospheric harrier"r who, flew the ocean and to do hint which interferes with broadcasts from 1 -lou. D. D. McKenzie of Nova honor. Toronto stations reaching Northern. Col, Charles Lindbergh, the modest Cntaiie. E:ticrinrents flare been con-' Passes After Long Illness n 1 and extraordinary young American ducted with "a view to so !eating a 1 Elevated to Bench flier, was feted by his country on point error will be central and at the Halifax, N.S.—Mr, Justice D. D. Saturday at Washington. President same time efficient. MclCenzie df the Supreme Court of Coolidge, in greeting. the astonish — THE OBJECTS. Nova Scotia, former Solicitor -General ing young man, said in part: While the chief object of. the station of Canada, died here after an illness "The absence of self -acclaim, the will be the hiss rrinaticn of:yfarm-of two tnbnths. i' refusal to become commercialized, ing, forest oral mininginformation,. ...:Hon. Mr. McKenzie was 19 years., which has marked.. the conduct of this f , oin the house of Commons sittingfor,sincere and it, will also be used as a publicity genuine exemplar of fine. medium; Further, it is apt, to Pay.Cape Breton North -Victoria. He was and' noble virtues has endeared him to an int octant .art in the h asci to born _Jan. 8, 1859, at Lake Ainsloe, every one. He has returned unspoiled. p P ` v t N.S. He''was twice, elected to the, "Particular) has it been delightful of the Province's vast timber wealth, Nova Scotia Legislature, and in 1904 to have hint refer to his aeroplane lane. inasmuch as Government fire -ranging ; p stations are to be equipped, it is re was elected to the House of Commons. as somehow possessing a personality torted, with radio sets. •• I eee was re-elected' in 1908, 1911, 19171 and being equally entitled to :credit The station and the arrangements and 1921. Following the death of. Sir, with himself, for we are proud that fur it are under the charge of Q. A, i Wilfrid Laurier in 1919, Mr. McKen- in every particular this silent partner Bele; director of publicity at the par -''zee became House Leader of the Lib -,represented American genius and in- Hole, buildings,eral Opposition, a position which he dustry. I am told that more than 100 I held until the end of the extra session separate companies furnished ma No set has definitely been purchas- of that year, when the leadership was terials, parts or service in its, con- ed yet but negotiations are in progress formally taken,over by W. L. Mac structiop. toward this end. The power will not kenzio King. I "And now, my fellow -citizens, this exceed 2,000 watts, The question of:' Following the general election of young man has' returned,' He is here. wave length,` in relation to. Toronto,:1921, Mr. Mackenzie became Solicitor -1 He has brought his unsullied fame Toronto suburban and other Ontario: General, an appointment which he' home. It. is' our great privilege to. stations, has trot yet been determined. I That will have to be fixed by the radio 'branch of the •department of marine and fisheries at Ottawa. taken By Province P LOCATION DECIDED The Ontario Government officials have been busy pinking out a central location for a Provincial Broadcasting ��y,� rnde'r th.. protection of Polish citizen - continues '�j 1��,�g�a p� 'per • � P SOVIET ANGERED. strip• r � R 21`tl e COMPLETE Poland has neglected her dui continues the note, "in not expelling 1 FOR PRINCE AND PREMIER Sends Sharp ' Note to Poland persons known to be carrying on aces! About Recent Assassina- , hostile to the soviet union It knew !tine Published of Tour long ago that hostile organizations tion of Minister. Across the Dominion and ware' actually planning the murder of DEMANDS PUNISHMENT - Moscow.—M. Litvinoff, replying to A CLOSE CALL the Soviet representative.' the recent Polish note, which express- ed regret fel- the assassination of M. Voikoff, Soviet Minister at Warsaw, Makes numerous demands 'on behalf of the Soviet Government.: The Poli r csl Government is requested to take nec- essary measures to investigate fully the assassination of the envoy, all the ramifications of the plot leading thereto, and to impose strict punish-, ment on the guilty, especially the actual assassin. WOULD WITNESS INQUEST. The demand is made that M. Ulian- off, Acting Charge d'Affaires at War- saw, or ,other authorized member of: the Soviet, be permitted to witness the inquest. Poland must take imme- diate and energetic treasures to dis- perse terrorist organizations. and per- sons in Polish territories, whose activ- ities are directed against the Union and tis representatives,. and expel all. such from the Polish Republic,: Litvinoff declares that - the Soviet awaits -immediate information -rela- tive to the , fulfilment of these. -de- mands._ The recent event, he adds, 'annot be overcome by official dec- arations, but requires actual meas- •ires by Poland to put an end to such '+astile activities. The note expresses gratitude for She friendly attitude of the . Polish Government and people, and declines to accept the compensation offered to the family of M. Voikoff. It re- jects the Polish `suggestion that the assassination was the act of a mad- man, but asserts instead that it was due to the harboring of Soviet ene- mies on Polish .soil. It regretfully points out that, not- withstanding many warnings, Poland has neglected to take the necessary measures to safeguard the Soviet rep- resentatives. Despite assurances that Poland has never permitted terrorist activities, Mr. Litvinoff says the Un- ion has and will submit data disprov- ing this assertion. It takes issue with the statement that the assassin is not a Polish citizen, and'asserts that facilitating naturalization enables the enemies of the Soviet to carry on • Places to be Visited. HERE A MONTH.' Four-year-old Algtiira Girl Ottawa—H.R.H. . Edward of Wales the Empire's Royal favorite, and the I-Ias Marvellous Escape courageous British Premier Baldwin From Death. will arrive at Quebec an July 20, and will remain Sault Ste..Marie, Ont.—Four-year- a n in Canada for more than two weeks, visiting all, parts of the bears a picture of the centre bloke of the Parliament BuiliIineee Th five cent stamp will_be 'purple, and will show the head of Sir Wilfrid Laurier. The twolve-cent stamp will ibe blue, illustrating a map of Canada, Thi, twenty -cent stamp will be a red color and will show tl p u rens u s progress fie ' stages of mail t-ansportatioto in1Cart- old Doris Rogers, daughter of Joseph Dominion between Quebec and Banff, Rogers, of Cloudslee, 40 miles east of afterspending ilia Sault 'had'`a narrow escape when two days in Quebec 1 they will'proceed by steamer to Mont- STATION ont- left alone seated one a manure spread- real Arriving in Montreal on Sun- er while fuer uncle stopped day evening, ,July 31, they will re - The horses train there until Tuesday niorning, t ses started off ata brisk! 2 cortin walk and the machine was thrown i Aug.g g on to Ottawa, where into gear when it dropped into a bad they will spend the balance of Tues- intopp day,• Wednesday and Thursday, rut, The child was thrown back off Details of the program at the Na - the seat. and was carried between the tional Capital have not been definitely revolving rollers and over the beater. arranged, but a subcommittee Her clothes were torn off and she was g ' omm ties of the badly bruised. JOE. 12 � W I.GHT LEAVES Canadian Oarsman on way • to England The young Canadian who won the Philadelphia Rowing Henley recently, left Toronto, his home town, for Eng - to some cattle to attend ada. CHINACALMING , �� Evidence of Return to Mor- malcy Apparent in Shanghai BARRICADES COMING DOWN The efforts of foreigners' to return to comparative normalcy after three months of unprecedented excitement, Cabinet is preparing to give the during which Shanghai has been vir- Prince and the Premier a pleasant tuali,v on the front line of trenches time. The distinguished visitors will in China's most significant revolution, go to Toronto, but it is not known took form when coolies began remov- whether they will visit the Ontario ing the.barbed wire and sandbags in Capital before or after visiting the nearly thoroughfares around the In - West They will see the Prairie Pro- ternational Settlement recently. vines when the wheat fields are at Their activities were especially their best. noted along Avenue' Edward VII„ Both willgo as far west as Banff which is the boundary of the French concession. This end of the Bund was open for the first time this week since the week of Shanghai's capture by the Southerners in March. While the'Municipal Council does not intend to• remove all the defences, which took two weeks to build at an estimated total expenditure of more than $200,000, they have ordered the removal of the barricades at the most congested intersections, which will permit traffic to flow with compar- ative ease once more. 4 The absent minded business man, who came home, kissed his wife and: said, "I think I'll dictate a couple of letters now, dear." "Shop girls have a splendid chance of getting married," says a writer, The only, trouble is that•even when they are married they have a habit of still calling, "Cash, please!" where they will part company, the land, on Thursday night, to compete Prince probably proceeding to his in the worlds premier rowing event, ranch ; at High River, and the Prime "The Diamond Sculls" at Henley, Minister returning east to embark England. Protest Withdrawn Port Arthur. -The protest against the election of General'Hogarth as Provincial member for Port Arthur has been dropped, it was announced hereby A. H. Freed, Deputy Return- ing Officer, withdrawal being made on account of the petitioners "having no..evidence to offer in the said'pro- ceedings." g Laly to loafer who has asked for some money)—"You spend it, 1 sup- pose, instead of giving it to your wife. Loafer—"I ain't got no wife, lady. I'm earnin''•me own living." Mrs. Grub (after a tiff)—"When I married you I dada' know you were such a coward. ' I thought you were a brave man." Grubb—"So did everybody else." LINDBERGH, MODEST AMERICAN, GREETED BY HIS COUNTRY Modest Demeauor, Heart Courageous, Receives Nations Acclaim ASTOUNDING POISE held until -his elevaton to the Supreme Court Bench in Nova Scotia. M. McKenzie was' five times Mayor of North Sydney.: welcome back to his native land, on behalf of. his own people, who have a deep affection for him, and have been thrilled by his splendid achievement, a Colonel of the United.: States. Offi- cers' Reserve Corps, an illustrious citizen of our Republic, a conqueror of the air, and strengthener of the Am.' corn—Toronto freights, No. 2 ties which bind us"to` our sister na- Yellow, kiln dried, $1.12; No. 3 yellow, kiln dried, $1.10. for home toward the end of August. JUBILEE STAMPS Issue of Interest Available Before July 1 Ottawa.—The special. issue of Con- federal= postage stamps is now being printed and will be abailable before July 1, according to •an an- nouncement made by Hon. P. J. Ven- iot, Postmaster -General. The stamps will be in six denominations. The one -cent- stamp, in an orange color, will bear the head of Sir John A. Macdonald. The two -cent stamp, in a green color, will' carry the fam- out picture of the Fathers of Confed- eration. The three -cent stamp, in red, TORONTO. MNo. 2 North., $1.64%; No. 3$1.681/2 Nor h., $1.65%, c.i.f. bay pots. Man. oats—No. 2 CW, nominal; No. 3, not quoted; No. 1 ,feed 64c; No. 2 feed, nominal; • Western• grain quotations in c.i.f. ports. tions across the sea. "And, as President of the United 1liillfeed—Carlota; delivered Men- States, I bestow the Distinguished perttreal: ,Bran, per ton, Ings, shorts, Flying Cross, as a symbol of appre- $ ton, $34.25; middlings, per ton, elation for what he is $1n6• and what he Ont. oats -67c, f.o.b. shipping ;its: has done, upon Colonel Charles A. Lindbergh." LINDBERGH'S REPLY, In his response to' President Cool- idge's address of welcome, Colonel Lindbergh said: "On the, evening of May 21 I arriv- ed rrive ed at Le Bourget, France. I was in Ont. flour—Toronto 90 per Paris' for one week, in Belgium for a at„ P onto, p per barrel, in carlots. Toronto, day, and was in London and in Eng- $5.76; seaboard, in bulk, 35.90. land for several days. Everywhere' rnonueg. I went, at every meeting I attended Beans—Cau. hand-picked, 33.60 to I was requested to bring a 'Message $3.90 bushel; prime., $3.45 to 33.60. horse to you. Always the message Maple products—Syrup, per trap. was the same.. gal, $2.26 to 32.30; per 6 gal., $2.1G You have seen;' the message was, to 32.25 per gal.; maple sugar, Ib„ !Ont. good milling wheat—$1.35, f.o.b. shipping points, according to freights. Barley -Malting, 78c. Buckwheat -80c.. Rye—No. 2, $L05. Man. flour—First pet., 'in cotton, 3915; in jute, 39, Toronto; second pats., in jute, $8,60. `the affection of the people of France CO -lb. tins, 13 to 13%c; 10- for the people of America demon- m. tins, 131,4 to 13%c; 6 -Ib. tins,14 strated to you. When you return to to 141c; 2% -lb. tins, 16e. America talce back that message to Comb hone — 4 to35per g Y $ dozen. the people of the United States from to.'26c. Honey— PROVISIONS. the people of France and of Europe.' Wholesalers aro quoting to the "I thank you.", • trade: Smoked treats—Hams, med. 30c; Oats—CW,No. 2 cooked hams, 43 to 44e; smokers rolls,loci do, pa 3, 70c. Flour do, spring wheat pats., cbreakfast bacon; 25 to 82e; firsts, 39; do, seconds, $8.50; do, backs, boneless, 32 to 42c, strong bakers', 38.30; winter pats, Cured meats—Long clear bacon, choice, 6.40. Rolled oats—bag - p 60 to 70 lbs. $21; 70 to 90 lbs., 319; $ g of 90 30 to 100 lbs., and u $18; light- weight rolls, in barrels, $11.50; heavy. weight rolls, 338.50 per bbl, Lard—Pure tierces, 14 to ' 141c; tubs, •15 to 15%e; pails,' 155% to 16c- CANADA REPRESENTED. At his reception by the President, Hon. Vincent Massey and Mrs. Mas- sey occupied a prominent place en the diplomatic platform. At the Navy Yard, where he stepped ashore, Can- ada was represented by T. A. Stone, Secretary at tate Legation. At Canada House the Cattaoian Ensign was (lie - Cheese—New, large, 19% to 201/2; twins, 20 to 21c; triplets, 20% to 21c. Stiltons, 21%c. Old, large, 26c; twins, 26e. Old Stiltems, 27c. Butter—No. 1 creamery, 38 to 89e;. No. 2, 36 to 37c. Eggs—Fresh extras, in cartons, 84c; fresh extras, loose, 36 to 36c firsts, 82c; seconds, 28 to 29c. ° Poultry, dressed—Broilers, under 2 lbs., 39c; do, over 2 lbs., 44c; chick- ens, 5 lbs. up, 40c;' do, 4 to 5 lbs., 83c; do, "8 to 4 lbs., `350; do, 2% to 81 lbs., 34c; hens, over 5 lbs., 32c; do, 4 to 5 lbs., 30c; do, 3 to 4 lbs., 28c; roosters, 25c; turkeys, 46 to 47e; spring ducklings, 88c. TORONTO LIVE STOCK QUOTATIONS. Heavy beef steers, $9 to $9.50; do, fair, 38 to 38.50; butcher steers, choice, 30 to $9.25; do, fair to good, $8 to 38.75; butcher heifers,' choice, $00.26 • to 38.60; . do, corn., 36.75 to 37.26; butcher cows, good to choice, $6.75 to 37.50; do, fair to good, $5.26 to $6; do, corn. to. med., 34.50 to 35; do, canners and cutters, 32.50 to 34; butcher bulls, ggood to choice, 36.50 to $7.50; do, med., $5.25 to 35.75; do,' bolognas, 34.50 to 35; baby beef, $8.50 to $12; feeders, choice, 37 to 37.50; do, fair, 36.25 to 36.75; stockers„ choice, 36.50 to 37; do, fair to med., 35.50 to $6; springers, choice, $90 to 3115; mileh cotes, choice, 390 to $110; plain to med. cows, 345 to 365; calves, choice, $10 to 312; do, med., 38 to 39.50; do. com., $5 to $7.60; spring lambs, choice, 316.50 to 317.50; sheep, -choice, 36.00 to 37.00; do heavies, $5.50 to 36.00; do, culls, $4.00 to 36.00; hogs, select, w.o.c., $10.25; do, 1. and w., $9.95; do, thick smooth, w.o.c., 39.75; do. do, f. and w., $9.45. Regular discounts on inferior grades of hogs. MONTREAL. lbs., 33.r5 to 38.85. Bran -$32.26. Shorts—$34.135. Middlings—$41.25. Hay—No. 2, per ton, car lots, 314, And they owl England the land of played. in honor of the air nee of the prints, 16% to 17e; shortening tierces, free speech!" said the disgusted Soot United' .States,, 13t/ac; tubs, 133re; pails, 1414e; blocks when the telephone operator told him and tins, 16°4.2. to put two pennies in the box. • • THIRD OF NINE HISTORICAL SIDE TCHES BY JEFFERYS (CUT OUT' AND SAVE) PLACER MINING INvilsROCKIES ONE OF TAE WORLD'S GPEATEST GOLD MINES R T N `War Ares Entertain:- Trams Ai lantic Fliers. Woman Wants n Cli a ce to 'Fly - ' Atlantic SEARCH IN EARNEST Berlin.—Most of the living German wartime acee assembled in thei Ger. man Aerial. Club to welcome Clarence 1). Chamberlin and 'Charles A. 'Le- vine, e- i tr neat n.ie flier attea e s The vn a pair, accompanied by United States` Ambassador Schuman and Major von Kehler, president of the club, were escorted to the table of honor, <; while their 400 hosts junzned to atten- tion and stood silent until they were seated. At the dinner, Herr Koch, the Miri- ister, welcomed the fliers with wozde of enthusiastic praise. INDESCRIBAFLE JOY. "Rar" h id h, ve men in Y, e sa Germany been receive`da with suclts jubilation, such indescribable joy as you. Once it was Columbus; to -day it is Columbia. "For us Germans, who arc concen- trating all our energies . to adapting aviationto the traffic problem, it is a good omen that the first trans- atlantic passenger flight was com- pleted in our country. When the schedule of an air service between America and Germany is consummat- ed, you will be honored as the pion- eers of this cultural attainment ani' your memory will be gratefully cher- ished." FEMALE ASPIRANT. Hamburg, Germany.—Thea Rasche, Germany's only licensed woman air pilot, is willing to be the first woman to attempt a transatlantic flight, pro- vided an aircraft is furnished her. She will start from Hamburg at 3 o'clock in the afternoon in her plane, not only to attend the American col- ony's dinner in Berlin in honor of the American aviators, but especially to discuss with Chamberlin pro- fessional questions relating to a transatlantic flight. SEARCH FOR FRENCH ACES. St. John's Nfld.—Major P. Sidney Cotton hopped off from the Quidi Vidi Lake Air Station in his silver -painted monoplane, Jeanne d'Arc, bound on his first air search for any trace of Captains Charles Nungesser and Francois Coli, missing French trans- atlantic fliers. His hunting ground was a huge pie -shaped wedge of jagged coast- line harbor, and rugged interior bounded by this city; Harbor Grace, 25 utiles to the northeast, and the southwestern shore tip of Placentia Bay, 120 miles southwest of here. It was in half a dozen scattered coma e munities throughout this area that the sound of an aeroplane motor an May :9 was, reported to u:thorities here in the week following the Frenchmen's unsuccessful Paris -to - New York non-stop flight. PROGRESS IN SPAIN. Madrid, — Spain celebrated her emancipation from foreign aeroplane manufacturers and took a step for- ward in the ranks of air powers when, in the presence of the Bing, the Pre- mier, and outstanding figures of the court and array, 120 new Spanish - built planes' were christened. The planes represented the year's produc- tion of Spanish factories. WASHINGTON BU 'nee Washington, D.C.—Pr 'rations for the celebration in hono "-d- bergh are well in hand an to be the greatest demonstr given a public idol. PACT ING MER Consolidation That Benefit Hog Rai Industry. Four of the "Big five eFCS l 4i� h companies dominating this in Eastern Canada are solidated. The Harris Ab is the moving spirit in the ei ization and the companies t� ed are the Harris Abattoir, Davies Co., Gunns Liniiteo Canadian Packing Co. While the various cornea ing into the me;. ger will b for the meantime as s0pai prises, according to J. S. M consolidation of interests i many economies to be put which are expected to rest siderable money being sa• instance, killing operation)' co-ordinated on a larger s same way that they hay some time past ley Hatri and "Gunns Limited. A been built between the tw West Toronto, and the 1 both done ` in one, with 11 being • later divided in due The same policy will now urated at Idontreal between adian Peeking and the Will plants. .Co-ordination' of sl rangetnents should also res siderable saving, as has nl, case between Harris Ab:b Gunns Limited for some,ti that arrangement was in :. been possible to combine{ r 5c• ears being shipped. to the saute dis- tributingpoint into onefull car. This alone, it is figured, would save $00,- 000 per year to the two companies named' in freight charges alone, 'so that the advantage of such an ar. rangement to the now amalgamation will be conaidorably greater.