HomeMy WebLinkAboutZurich Herald, 1919-12-12, Page 7.TAIN' RAW LY R.�
:HER FORMERC KE ALSTANDING .
Paying Her Way on Almost a Cash Basis -Question as
to Why the Pound . Sterling is So Cheap
Easily Answered;
London, Dec. 7. -.Foreign trade re-
ports for November, just issued by the
Board o' Trade, show that E•nglnnd is
rec.oaplag her favorable position.' The
Noveni'bcr rsxports were $537,000,000
and imports 1;,i718,000,000, ' ompared
with October exports of $48:000,1.00
and imports of $767.,000,000. Exports
for eleven months were.$4,228,000,000,
while mpprts . were $7,313,000,000.
Thus the visible unfavorable trade
balance for November was only $181,-
000,000, campaeed with an 'unfavorable
balance of $353,000,000 last January,
the most unfavorable month after the
armistice. The visible del)it balance
for eleven months is $3,085,000,000:"'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 aeeaunt,is taken
of England's huge revenue from sh'ip's
and banking services 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 a
cash basis.
One might ask, if this ,ie true, why
is the pound sterling so cheap? This
is a pertinent question, but -easily
aesvvered. According to United States
trade returns Great ritain exported
during October only $41;000,000 worth
of goods to the United State;. If this
same ratio prevailed in November it
will be seen that the United States
took only seven per cent. of Britain's
exports. Where are British ,goods'go-
ing. The majority is going to the
Continent to 'hel'p rebuild industry and
trade there, and that is why the pound
sterling is se low. Goods are being
Sold on the Continent on credit, but
Britain ie not buying from the United
'States on credit, so sterling bills must
suffer for the time being. If the Con-
tinent succeeds iii getting a big long-
tirne credit the•`effect on sterling ex-
change would be noticed immediately,
as it would have the effect of turning
British exports to the Continent ,oto.
liquid shape, enabling her to bay 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, tobacco and raw materials
have quadrupled; that :exports of
manufactured good's have doubled,
and the re-export of imported goods
has increased one thousand per cent.
The rapid increase in foreign trade is
making it'extremely difficult for the
advocates of an anti-dumping bill, who
are having a hard time proving that
such a bill is necessary to prevent
British trade from being killed.
BREAK IN SOLID Prince Replies to
FRONT OF STRIKE The King's
Welcome
MR. LIONEL II. CLARKE
Newly -appointed Lieutenant -Governer Wife
of Ontario.
Coal Mines in West Virg iniaA despatch from London says: -Al-
though the welcome home dinner to
Accept 14x i° increase. the Prince of Wales at Buckingham
A despatch from Washington Palace Monday night was a private
says: -Reports were received here on. function, King George greeted his son
Friday that miners in the Fairmount in a set speech, addressing him as "My
and Fairfort fields in West Virginia dear son," and adding, "I wish you a
had agreed to accept the 14 per cent. most hearty welcome on your return
increase lately suggested by Dr. Gar- home, safe and sound."
field, the Federal Fuel Administrator, The King expressed his pleasure at
and would return to work. These re- the remarkable enthusiasm with which
•ports gratified Federal officials, who the Prince had been everywhere -res
hoeed
re-
hoeed that the breaks in the hitherto .eyed and because ,he had fanged a
solid front presented by the millets:new link between • Canada and the
would lead to a further crttnnbling of Motherland.
their ranks, The Prince of Wales, -replying to
his father, began:
"Your Majesty, I feel very diffident
Demand in South Africa
For Canadian -Newsprint
A. despatch from London says: -
Robert Muir, representing • South
African paper importers, will sail for
Canada shortly to negotiate for a be worthy of your confidence.
large export of Canadian newsprint to
that country. He hopes Canadian
manufacturers will ease their prices,
and ocean carriers their rates, as
othereisc it will be cheaper for Soiuth
Ai'riea to obtain supplies from Scan-
dinavia, from which steamship rates
are lower.
in attempting to reply to this toast.
When you bade me farewell I felt very
proud of the mission you entrusted to
me. I was following your footsteps,
setting out to see the Empire for my-
self, and I meant to do my utmost to
-.--
Only Two-thirds Wheat
Has Been Moved East
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 West. To
date 70,000,000 bushels have passed
over the Canadian Pacific ,Railway
lines, and it is said that between 30,-
000,000
0y000,000 and 35,000,000 bushels will yet
be shipped out. The early cold spell
is responsible in part for the slow
movement, all available cars on rail-
way lines having to be used for the
transportation of coal,
t
The street ,corner is the home of all
sorts of evil. Street -corner friends
are usually bad friends,
SETTLFMED.IT LOANS FARMERS FORM
'TOTAL $5099,003
5,433 Soldier C.Irant Entries
Reported by Boar,'.
A despatch from Ottawa. says: -
The Soldier Settlement Board has gone
over the fifty million marl. in loans to
returned soldiers settling on the land.
The returns are completed to Novem-
ber 15 and show a grand total of $50,-
699,003. The number of loans ap-
proved is 15,175 and the average loan
i' $3,1°f.
Advances were made for the fol-
lo;vi. perpof:es'
Mind purchase.
Amount for purchase, $28,125,250;
improvements. 4,528,325; stock and
equipment, $10,335,537; total, $41,990,-
112.
MRS. L. H. CLARKE On Dominion la^ds:
•
of the new Lieutenant -Governor Imirovements, $!..'75,173; stack and
equipment, $3,882,255. Total, $5, -
of Ontario.
257,800.
.1,. �..k „`:ti; ,-a' On lanl owned b, ;tt' rs:.
�� •� nes: U� i "'. q • , .� ' 4 ti �'y Encumbrances, $1,720,279; ii.cprove-
0.0 .sa. �e Lei r -,L lents,. $583,294;,stock and equipment,
Total, 3,451,091.
'in n $1 Grand total, $50,699,003.
RUSSIA 1.1 S RED Y ROUMA
Cargo; and Documents Are- An Faye -Opener Regarding Ge
many' -s Attitude Towards the Entente Powers.
Paris, Dec. 7, -Aeronautical experts war. But the contents of its passenger Will Take Place
'clang- cabin throes new light on the allied
have pointed out often that it is
for the Allies to permit life Ger- German undertakings with Soviet A despatch from London says:
erosisRussia. The cargo of the machine, Speaking at Pontypridd, Wales, on Transcontinental Railway, at or near
mans to build new air machines or to which was piloted by tivo German offi- Thursday, Sir Gordon Remain:, Atter Nottaway to a paint at or near the
use their powerful old ones unless the cera, with the aid of three mechanics, ney-General, said the suggestion was Bell River, north of Lake Shabogani ,
Allies limit and control their use. Such inedud'ed 2(30,000,000 roubles (normally not true that there were any dissen- The whole, with the necessary connects
fears seem fang justified by a docu- $180,000,000), a special press for sions or waver;ngs with reference to ing lines and branches, such railway
inert published to -day by Le Journal, printing roubles, and mullions worth of the trial of former Emperor William line to be operated wholly or partly
A photograph s'hovis a huge German jewelry. of Germany. The law officers, he add- by steam or electricity.
machine which was captured by the Among the papers found on board, ed, were continuing most careful pre- The Legislature will be asked to
Roumanians in Bessarabia when the
machine, which was flying to Russia,
was forced to descend 'because of en-
gine trouble. The picture in itself' is
nothing remarkable, except that it
"It is still a prouder moment for me
when I hear from your lips that you're
pleased with the way in which I car-
ried out my task, and I am deeply
grateful for the far too kind words
you have used about me. I have had
a wonderful journey, a wonderful ex-
penienee, and can never adequately
express my gratitude for the universal
kindness and hospitality shown me."
The board also reports a total of
5,433 soldier grant entries completed
up to the 22nd of November.
Ex -Kaiser's
Thal
Alia
RAILWAY CO'Y,
A Co-operative Enterprise in
Lake St. John Region,
N. Quebec.
A despatch from Quebec says: --A
railroad built encl_operated by a group
of farmers, in a remote region of Que-
bee Province is the latent in co-opera-
tive news. , The district of Lake St.
John, in Upper Quebec, is the scene
of this novel enterprise. The company
will apply to the Quebec Legislature
at Ito 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 r, ently organized com-
pany which will appy to the Quebec
Legislature nest week for ineorpora-
ton.
This latter .company's firm name
will be the Quebec Colonization Rail-
way Company. and •it"proposes to op-
erate a railway line from a point at or
rear Ment Laurier, in the county of
Labelle, •.in,a southwesterly .direct' ion
to a point on the Canadian Paotflc
Railway at or near Maniwaki, in the
I county of Ottawa, and running west-
,erly in the direction of Lake Expanse
and Lac des Quinn to a point on flea
Canadian Pacific Railway at or near.
Temiscainingue, and furthee to build
and operate a railway line from a
point at or near the Colonge River, in
the county of Pontiac, in a r_•ortheriy
direction to a point on the National.
Queen Mary Accepts
Indian Woman's Name
A despatch from Brantford says: -
That Queen Mary has been pleased to
accept the Indian name of "Ca-non-
Ronh-Nwa" from the 'women of the
Six Nations Indians, whose reserve is
near Brantford, is the information re-
ceived here from Ottawa. The name
given is the Indian name of Mrs. Helen
Hill, President of the Six Nations Wo-
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 occasion of the visit of
the Prince here on October 20,
MEXICO RELEASES U.S. AGENT
PRES. WILSON HANDLES SITUATION
Two Senators Who Visit President Find Him Mentally Com-
petent to Direct Affairs of Nation - News of
Jenkins' Release Halts War Talk.
A despatch from Washington
says. --A sharp and sensational turn
of eptinlistie character was given to
the Mexican crisis en Friday.
Its first phase was official announee-
ment of the release of Wi Jiiarn 0.
Jenkins, the United States Consular
Agent;iinprisoned at Puebla.
Its second phase, now more inter-
esting to the country, was the report
04" a special committee of the Senate
Committee en Foreign Relations, after
personal interview with President
Wilson, that he was mentally com-
Ment to handle the business of the
#1k4tiolt,
it is said,•• were documents which
clearly show Ger'many's intentions in
regard to the Entente powers.
The machine has five engines, each
of 250 horse -power, and as capable of
shows the size of the machine, which hauling 40,000 pounds and of flying
is one used to bomb London during the l for several hours, without a stop.
Grain and Live Stock
Breadstuffs.•38e; do, heavy, 31 to 32e; cooked. 47
Toronto, Dec. 9. -Manitoba wheat-, to 50c; rolls, 30 to 310; breakfast
No. 1 Northern,$2.30; No. 2 Northern, bacon, 42 to 46e; 'backs, plain, 47 to
$2.27; No. 3 Nrthern, $2.23, •in store 48c; -boneless, 49 to 52c.
Fort William. Cure% -meats-Long clear bacon, 31
Manitoba oats -No. 2 CW,; 881,'sc; to 32c; clear bellies, 30 to -31c.
No. 3 CW,- 861/2c; extra No. 1 feed, l Lard -Pure, tierces, 29 to 29%c;
841/se; No. 1 feed, 81%e;• No..2 feed, tubs, 291/4 to 30c; pails, 20% to 30a4c;
801/2e, in store Fort William.he
prints, 30 to 30¼c mpound tierces,
Man. barley -No. 3 CW, $1»4944.1.; 271 to.•2 '; tubs, 28Cotoi 281%; pails,
No. 4 CW, $1.32, in store Fort •Vltiiliain, i 281,'t to 289 e; prints, 291:e' to 30e.
American corn -No. 2 yellow, $1.'70; ,
No. '3 yellow, $1.60, track, Toronto, Menttreal Markets.
prompt
Ontshipments.
o 1 sen
Ontario No, 3 white, 88 to 90e, Montreal, Dec. 9. -Oats, extra No. 1
accordine• to freights - outside. feed, 99c. Flour, new standard ;:'rade,
$11 to 811.10, Rolled cats, bags, 90
lbs., $4,75 to $4,q. Bran, $45. Shorts.
$52. Hay, No. 2, per ton, car lots, $24
to $25. Cheese, finest cisterns 291a
to 30c. Butter. choicest creamery,
671/2 to 68e. Eggs, fresh, 90 to 95e;
selected, 65c; No. 1 stock. 58e; No. 2
It was through this personal (inter-
view that the ghost was laid of the
strong .inti -mations that President Wil-
son was in no condition to direct Am-
erican affairs.
The two Senators who intervdewed
the President, with the ,illy -concealed
purpotee on the part of members of
the Foreign Relations Committee to
aseartain 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 eonvltnced that
his mind was vigorous and active.
Ontario wheat --No. i Winter, per
car lot, $2 to $2.01; No. 2 do, $1.97 to
$2.03; No. 3 do, $1.93 to $1,99, f.o.b.
shipping points, according'to freights.
c)nterio wheat -No. 1 Spring, $2:02 to
MOS; No, 2 Spring, $1.99 to $2.05; 116..3
Spring, $1.95 to $2,01, f.o.b. shipping
points, according to freights, • • stock, 55c. Potatoes, per hag, ear lots,
Peas --No. 2, $2.60. $2.25 to $2.50. Dressed hog3, abattoir
Barley-malting, $1.50 to $1.53, ae- killed, $24 to $2.4.50, Lard, pure, wood
cording to freights outside. pails, 20 lbs. net, 281sc.
i;uckwheat-$1.30 to $1.32, .according
to freights outside.
stye --No. 8, $1.37 to $1.40, according
to freights outside.
Manitoba flour --government stand-
ard, $11, Toronto,
Ontario flour -Government. standard,
$9.50 to $0.60, Montreal • d Toronto, in
jute b^gs, prompt shipment.
Millfeed---C^r lots, delivered Montreal
freights, bags included, Bran, per ton,
$45; shorts, per ton, $52; good feed flour,med., $8.25 to $8.50; do, con., $6,50 to
$3.15 to $3.50, $7; stockers, $7.50 to $10; feeders, $10
Hay -No. 1 per ton. $26; mixed, per to $11.50; canners and cutters, $5.25
ton, $21 to $23, track, Toronto. to $6.25; milkers, good to choice, $110
Country Produce -Wholesale. to $175; do, cons, and med., $65 to $75;
Butter -Dairy, tubs and rolls, 43 to springers, $90 to $175; light ewes, $7
44c; prints, 48 to 50c; creamery, fresh to $8.50; yearlings, $9 to $10.50;
made solids, 62 to 63c; prints, 63 to spring lambs, per cwt., $14.75 to
64e. 1$15.50; calves, good to choice, $18 to
Eggs -Held, 52 to 54c; new laid, 75 $20; hogs, fed and watered, $16.25; do,
i weighed off cars, $1(3,60; do, f.o.b.,
toDressed poultry -Spring chickens,' $15'25; do, do, to farmers, $15.
26 to 30c; roosters, 25e; fowl, 20 to Montreal, Dec. 9. -Butcher heifers,
25c; geese, 22c; ducklings, 25 to 30c; com,, $6,75 to $8; butcher cows, med.,
turkeys, 35 to 40c; squabs,dos,,$4.50. $G to $8; canners, $5; cutters, $5.25 to
Live poultry -Spring hihkens, 19 $6; butcher bulls, con., $a.75 to $6.50;
to 20c; roosters, 20e; fowl, 18 to 22e; grass calves, $7; veal calves, $15 to
geese, 17e; ducklings, 22c; turkeys, $1G; goad veal, $14 to $16; medium, $9
35c.to $14; grass, $7; ewes, $7 to $8;
Cheese ---New, large, 311 to 32c; lambs, good, $13,75 to $14; com.,
twins, 32 to 32%c; triplets, 33 to $12.50 to $13.25; hogs, off car weights,
331/2c Stilton, 34 to 35c. ; selects, $16.50 to $17; lights, $14.50 to
Butter ---Fresh dairy, choice, 55 to $16.50; sows, $1.3.50.
58e; creamery prints, 66 to 68c
Margarine -33 to 38c.
Eggs -No. 1, 60 to 61c; selects, 64
to 65c; new laid, 85 to 90c.
Dressed poultry --Spring chickens,
$0 to 33c; roosters,'z23 to 25e; fowl,
30 to 320; turkeys, 45c; ducklings, 34
to 35c; geese, 24 to 27c; squabs, doz.,
$6,00.
Live poultry -Spring chickens, 22.
to 26c; fowls, 23 to 25c; ducks, 22 to
25c; geese, 10c.
Beans -Canadian, hand-picked, bus.,
$5.25 to $5,75; primes, $4.25 to $4.15;
Japans, , 4.75 to $5; imported, hand-
picked Burtna, $4; Lilnas, 171/. to
181/4 c.
Honey --Extracted clever, 5-1b, tins,
27 to 28e; 10-1b. tins, 25 to 20e; (30-1b.
tins, 25c; buckwheat, 60 -ib. tins, 18 to
20e; comb, 1G-oz.,$G to $6,50 doe.;
10 -oz,, $4,25 to .$•1.50 doz.
Maple peodafcts-•-Syrup, per imper-
ial gal. $3.15; per 5 imperial gals., $tl;
sugar, lb., 27 to 88c.
Provisioes---Wholesale.
Smoked meats -•-.Hams, med., 86 to
Live Stock Markets.
Toronto, Dec. 9. -Choice heavy
steers, $13.25 to $13.60; good heavy
steers, $12.50 to $13; httchere' cattle,
choice, $11.75 to $12.25; do, good,
$10.75 to $11.50; do, med., $9 to $9.75;
do, com,, $6.50 to $7; bulls, choice, $10
to $11; do, med„ $9 to $9.25; do, rough,
$7 to $7.25; butcher cows, choice, $10
to $11; do, good, $9.25 to $9,50; do,
parations for .it. Fifty thousand writ-
ten statements with reference to the
authorize such company to own and
operate ships and boats, to acquire,
matter of prosecuting criminals for develop and erserate water and eleetric
their acts during the course of the powers, timber limits, fishing rights,
war had been examined. From this, licenses and patents, saw -mills, nines,
the speaker said, the audience could ores and clay products, and to carry on
appreciate the mageitude of the task all traces and liusiresses in connection
and not be deceived by suggestions therewith and for other objects.
that the matter was not receivneg the The other railway company' seeking'
closest attention.
Another Record
in Exchange Fall
A despatch from New York says: -
Demand sterling or bills on London
fell to $3.84,% to the pound in this
market on Friday, representing a de-
cline of 2% cents from the recent low
incorporation at the session of the
Legislature that opens here en Wed-
nesday next is the Farmers' Railroad
Co. of Normandin, in the Lake St.
John region. It will build and operate
a railway line as far as Peribonk, and
from there as far as the Saguenay
River at St. Fulgenee, or near that
place, at deepwater, and will also ask
for all the necessary powers for the
accomplishment of the above purposes.
level, and a discount of about 21 per
cent. from the pre-war rate of $4.86%•1 ®M11'�:1 SHIP -
decline,
on Paris also made a further i U
decline, the purchasing power of the ! YARDS ARE BUSY
franc falling to almost 1031, to the
dollar, or a discount of slightly more 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
than 50 per tent,
177 Head of Holsteins
Fetch Sum of $51,000
A despatch from Fend du Lac, Wis., the Dominion Government has now
says: -A total o; $51,000 was obtained I contracted for 57 ships.
for 177 head of registered Holsteins Three months ago there were 23,-
at
3;at the annual fad sale of the holstein 500 men on the payroll of thirteen
Canadian yards, and there are prob-
ably twenty thousand men now active-
ly engaged in the construction of ves-
sels 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
materials used in constructing ships,
making engines and rigging and out-
fitting them, earn about forty million
dollars annually.
the Saskatchewan Assembly. Thi actual money invested in Cana-
Appointments vvu}ll, moreover, be
subject to annual renewal. This is
a question which has been much can-
vassed by the 0. W. V. A. during the
past year.
Breeders' Sale Company. The average
price was $288. Korndyke Press
brought the top price of $975.
British Subjects
Only to Give Oaths
A despatch from Regina says: -
Commissioners for oaths in Saskat-
chewan will have to be British sub-
jects either by birth c,r naturalization
following the passage of a bill before
dian shipbuilding yards is $47,000,000.
Eighteen ships of the Government.
fleet are now in commission, and there'
will be 22 before the end of the year.
The Canadian Aviator, one of these
vessels, is going en the first voyage
Calgary HOrbaesrinrg m
of a Government vessel to Australia
with a cargo of paper. The steaships
Big Price in Britain Canadian Volunteer and Canadian
despatch from LonA don says:- Trooper have sailed for Great Britain
via the Panama Canal with lumber. It
Thirty-four Percheron horses bred by is stated here that the British Govern -
George Lane of Calgery, Alberta, lnent is buying seventy million feet
were sold at Easton, Suffolk, and real- of lumber•in British Columbia.
ized £7,018. Lord Minto bought a
mare for 650 guineas, and Perfection,
e stallion, winner three times in Can- 80,000 a s on Walls
ada this year, brought 550 guineas. of Church.
A church will be erected in Notre
Darns de Grace, a suburb of Montreal,
upon the walls of which will be in-
scribed the names of every man who
died for Canada in the great war. The
church will be used by the combined
congregations of the Anglioan Church
of the Good' Shepherd and Trinity
Church. State thousand Canadians
were killed.
SETTLEMENT OF COAL STRIKE IN
UNITED STATES NOW IN SIGHT
New Proposal by President Wilson Will Be Accepted by
Both Sides in the Opinion of T.J. S. Attor-
ney -General Palmer.
Washington, Dec. 7. -Attorney- the Scale Committee in Indianapolis
General Palmier announced early this
morning that President Wilson has
made to the coal miners a definite con-
crete •
on-crete' proposal looking to a speedy
termination of the Strike and an ad-
justment c•fthe entire controversy,
and that acting President Lewis and
Secretary •Green of the miners would
urge its acce'ptan.e at a mooting of
on Tuesday.
The President's terms were submit-
ted to acting President Lewis and See-
retary Green at a meeting yesterday
at the De?partan•ant of Justice, which
was attended also by Joseph Tumulty
Secretary to the Provident. Mr, Pal
mer had previously gone over the
whole coal situation with the Presi-
dent.
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 raturn of the Prince ,
Wales says the oeeasion was the first
tilne the Ring had heard the Prince
make a formal speech, The Ring him-
self concluded his own remarks by
aying: "•His mother at.d I aro prow
of hirn."
•mi