Zurich Herald, 1934-11-08, Page 7F1NACF\L. .. .. ...
London Predicts Higher Silver Prices
.A report from London, England, states' than China's decisive action
to check exports of silver has thrown the lr'ar Eastern exchange position
into a state of confusion, it comes, of course, as the climax to a series of
unsuccessful representations to the United States Government to modify its
silver buying policy and may well have far reaching results.
What those results may be cannot yet be gauged with any degree of
accuracy, but some immedir rte effects can be stated, `Ube sterling
value of the Shanghai dollar has dropped since last Monday by more than
14 per cent, while the official rate at which sterling is now quoted is
equivalent, with equalization charges for export duty, to approximately 22
per cent. This of course, is quite prohibitive, and the Chinese Government
has achieved its objective, stopping silver exports in one bounce.
The check imposed upon China's export trade by the rise of silver ane
consequent appreciation of the Shanghai dollar was an impoi' ant aspect of
the situation in the least ignored by silver enthusiasts in the United States,
although the Washington administration must have had ample warning of
what might happen long before it finally decided upon its own silver policy.
China in effect is now off the silver standard and is one of tate coun-
tries with a managed currency. China is fighting resolutely to avoid a cur-
rency crisis and maybe she has taken the correct action, but for the time
being something like chaos exists, and how the situation will finally develop
cannot be now estimreed. It has been suggested that China might be driven
to adopt the gold standard, but such a step appears extremely unlikely now,
It seems to be established, however, that the argument that prosperity would
be restored to the Last by a rise in silver is fallacious.
As there is now no direct tie between silver, and Shanghai excnange
silver is moving independertly. Within one month it has advanced 3d, or
about '14 per cent. In that period speculation has become world-wide and
has been based on the belief now confirmed that China would be forced to
place an embargo on silver exports, thus removing one of the largest
sources of supply.
The wide fluctuations now occurring clearly indicate extensive specu-
lative position, which is more likely to be maintained or even increased
rather than checked by China's action and the evident determination of the
United States to continue its purchases. Still higher prices are regarded
as likely, although the heavy bull position will from time to time cause
Isbarp reactions.
Brazilian Traction
Gross earnings of Brazilian Tract-
ion Light and Power Co,, Ltd, for the
month of September are reported at
$2,677,724 as compared with $2,450,-
869 and net earnings were $1,435,170
against $1,388,923 in the previous
month. Aggregate gross earnings for
the first nine months of the current
year amount to $22,510,047 as com-
pared with $21,362,167 in 1933.
WHAT TO DO
ABOUT
"Acid Indigestion"
A WAY THAT RELIEVES THE
CAUSE IN A FEW MINUTES
Many people who think they have
"weak stomachs" or "indigestion,"
doctors say, suffer in reality from
nothing more serious than aczd stom-
ach. And this common ailment can
usually be relieved now, in minutes.
All you do is take familiar Philips'
Milk of Magnesia after meals. This
acts to almost immediately neutralize
the stomach acidity that brings on
your trouble. You feel like a new
person!
Try this just once. Take either the
familiar liquid "PHILLIPS' ", or the
new Phillips' Milk of Magnesia
Tablets. But watch out that,you get
the Genuine PHILLIPS' Milk of
Magnesia. Made in Canada.
ALSO IN TABLET FORM:
Phillips' Milk of Magnesia Tab-
lets are how on sale at all drug
stores everywhere. Each tiny
tablet is the
equivalent of
a teaspoonful
of Genuine
Philips' Milk
of Magnesia.
PHILLIPS'
r tad at_
Men who go to conventions leave
Frith the very best of intentions of at-
ending at least one session
IfflGESTWN?
Then
Try '`I
at NO EXPENSE
If you suffer from loss of appetite,
indigestion, sour stomach or a .miserable
feeling after meals there's nothing like
Kruschen for relief, The little daily dose
of Kruschen first stimulates the flow of
gastric juices to aid digestion, and then
ensures a complete, regular and unfail-
ing elimination of all waste matter every'
day,
If you suffer, you'll welcome the
opportunity to try Kruschen Salts now
positively free of charge Ask your drug-
gist • for the Kruschen Giant Package.
This is the Regular bottle, together with
a separate FREE TRIAL bottle. Use
the Trial bottle first. Then if you are
not entirely convinced that Kruschen
will do everything claimed for it, return
the Regular package unopened to your
druggist and he will redeem it at full
value. But act quickly or your Free
Trial Bottle will be gone. Your druggist
has gnly a limited supply.
Moderation Best
Honey is delightful, but too much.
breeds cholera and disease. Fragrant
flowers are sweet to smell, and, mode-
rately used, refresh the brain, but ex-
cess causes headache. Light is pleas-
ant
leasant to the eyes, but too much staring
into sunbeams dazzles or blinds them.
Moderate joys and delights are ever
best, least hurtful, most contentfui,
and comfortable to our spirits, where-
as intemperance, immoderateness and
texcess mar all pleasure and delight,
though themselves never so pleasant
and 'delightful.—Spencer.
B.E.A.R.
Latest reports from the Bear Ex-
ploration & Radium Company, oper-
ating in the Great Bear Lake dis-
trict, state that the raise being dri-
ven to the surface is up 27 feet with
about 60 feet to go. The raise is go-
ing up in rock adjacent to the vein
and when completed a headframe will.
be erected and the opening used as
a shaft. Sinking to the 300 -foot
level will then be resumed. On the
tunnel and first levels several hun-
dred feet of drifting has been done
on the vein which shows high values
over good widths.
The company has supplies on hand
for the next season, all paid for and
has sufficient cash in the treasury to
take care of the development cam- it
paign planned for the next year.
Ontario Gold Production Up
Production from Ontario Gold
Mines in the first nine months shows
a gain of approximately 41 per cent
as compared with the same period in
1933. Figured in terms of Canadian
funds, output for the period amounted
to $52,298,353 as against $37,047,850
last year.
The Kirkland Lake camp still leads
the way in. point of value with total
for the nine months of $25,771,430 as
compared with Porcupine's $24,440,-
889, North western Ontario figures
went over the two million dollar mark
an increase of around 80 per cent
over the 1933 figures and from now
on it would seen likely that a steady
increase in production may be antic-
ipated from this section,
Wright Hargreaves Mines
In its report for the fiscal year
eding August 81st, Wright Hargreaves
Mines Ltd, shows net surplus for the
year of $3,836,r31 which le equal to
nearly severity cents per share. To-
tal production for the year amounted
to $6,797,579 and 330,741 tons of ore
were milled with an average value of
$13,68 and recovery of $13.07 per ton.
After providing for dividends for
the year, including the one paid on
October let, surplus carried forward
amounted to $3,420,375,
Western Canada Flour Report
Net earnings of Western Canada
Flour Mills Ltd., and its subsiduaries
The Winter Protection of Cod Liver oil
{ .
PLJSAGRETER
RESERVE OF VITALITY
Winter is a dangerous period for many of us. The cold
and wet are constant menaces to health, requiring all our
energy to combat.
Scott's Emulsion gives you greater Winter protection
because itis an EmulsiAed Cod Liver Oil in a solution of
body building hypophosphites of lime and soda—PLUS
values you get in Scott's Emulsion of Cod Liver Oil.
4A
COTT'S
ULSIDN
THE COD LIVER OIL WITH THE PLUS VALUE
For Sale by Your Draggint
New Zealand
Seeks Market
BIG BUTTER SURPLUS DROP
IN SALES FOUND PERIL TQ
NATION'S FINANCING
Wellington, N,Z.—Ualess early and
effective measures are taken to res-
cue 'New Zealand's dairy industry
from its pre rent state, there will be
a general breakdown in flnanciai re-
lations between mortgagors and mort-
gagees malting it impossible tor Neve
Zealand to meet .overseas debt inter-
est charges, It was declared in the
report of the Royal Commission
which made an exhaustive enquiry
into the dairy industry,
Conditions confronting the dairy
industry have assumed the propor-
tions of a national crisis, the report
declared. It mentioned that the Brit.
ish market was being flooded by the
subsidized dairy produce from coun-
tries of the northern hemisphere, and
Australia was also increasing her
dairy output:
Among other things the commis-
sion suggested that alternative mar.
kets be found outside Britain for New
Zealand's produce, It urged early
approach to the government of the
United Kingdom in order to arrive
at a preliminary understanding and
provide the basis for future negoti-
ations, The government should also
make available at low rates of in-
terest to farmers and dairy produc-
ers sufficient funds to enalble the
modernization of farm and factory
equipment and appliance:, the report
urged.
Fisherman: — "I tell you it was
that long! I never saw such a fish!"
Friend—"I believe you,"
The "Queen Mary"
The "Queen Mary" has been successfully launched. But activ-
ity still surrounds her, Seven Turbo -generator sets, developing 10,000
kilowatts and forming the greatest power station afloat, will be put
in position. Three gigantic funnels, measuring 30 feet in diameter
and 100 feet in circumference, fifteen months later will be placed.
Simultaneous with this, work is under way on the deck coverings, the
ventilating system, erection of cabins and public rooms, laying of /teak
decks, building of companionways and ladders, erection of desk
machinery, etc. So it would seem that the Iaunching, while or great
interest to the public, is only one of the many details when a great
ship is in the making.
for the year ending August 31st am-
ounted to $275,302 as compared with
$236,,165 in the previous fiscal period.
Increased deductions for depreciat-
ion and bad debts, however reduced
the earnings per preferred share to
$4.06 as against $4.78 last year.
Working capital showed a small in-
crease at $965,468 while inventories
were up at $1,966,602 an increase of
some $342,000, Accounts receivable
were reduced to $627,029 as compared
with $669,220. Bank loans and ac-
counts payable both showed increases
at $779,000 and $931,872 respectively.
Noranda Rumors Spiked
Rumors which were said to origin-
ate in New York regarding Canadian
copper mines, were promptly given
official denial, insofar as Noranda
was concerned, Mr, J, Y. Murdoch, the
President stated that the company
has its copper sold In advance and
that it is far ahead in its. sales,
At the mine monthly production is
running at the rate of about 6,000,000
pounds of copper and gold output is
around 19,000 ounces or better per
month. It is estimated that gold pro
duchion is worth approximately $700,-
000 per month at the present price of
gold.
It seems likely •that another divi-
dend declaratlou can be expected
where the directors meet early in
November, To date this year $1.00 a
Share has been paid while last year
total disbursnlents far the year were
$1.50 per share, With profits said to
be running well over $2.50 per Share
during the ourxent year it would
seem likely that at least as much as
last year may be entleipated before
the year closes.
TH E
GREAT TONT
A;t 'S'OOTHE$ N:
tNRICHES 01LG 1
BUILDS :P V,l`G
;31, ell. good' Drug $: Sept Starer
Sa e?Agentse Haloid C' Rrtehte„'
Co Ltil Tea:A-A "r 25
For Scalp and Hair Health
To have beautiful hair you must have a
healthy scalp. Caulk MER s1tA IPOO treat'
the scalp as 'well ae tbo hair. Itis entirely dif-
latent to other shampoos. It combines the same
ggo�rinicidal properties that have made MSIR
Cream and, MER Soap so successful for the
treatment of the akin. Ask for a loc trial pack-
age of MPR SHAMPOO at drug and dept.
etotes--mnough for three shampoos and tub the
soft perfumed lather well into the scalp, I
Issue No. 44—'34
Have
You
Heard?
Pet Peeves
The expression "O.K."
Has come here to stay,
'Tis English the way she is spoke;
But I long for a chance
To kick in the pants
Those sweet young things who
cut it to "Oke."
A young man who had received his
diploma had been looking around suc-
cessively for a position for employ-
ment, and for a job. Entering an of-
fice, he asked to see the manager,
and while waiting he said to the of-
fice boy:
"Do you suppose there is any open-
ing here for a college graduate?"
"Well, dere will be," was the reply,
"If de boss don't raise me salary to
t'ree dollars a week by termorrer
night,"
A kindly but somewhat patronizing
landlady inquired of the young bride
as to how she would spend a certain
holiday.
"Our plans so far," replied the
bride a little distantly, "are tentative'
"Oh how delightful!" exclaimed
the landlady. "I'm sure you'll enjoy
camping out more than anything else
you could do,"
The fact that fish cannot close their
eyes is the only thing that keeps
them from winking at some of the
anglers,
Boy Friend—I bet if I kissed you,
you would yell for help.
Girl—Not unless you needed it.
04—
EASY TO
RANDLE 1N THE
CONVENIENT
POCKET SIZE
Wire. Star—"Oh, ars you the young
man from the Literary Agency wb*
proposes to write my autobiography?
Young`Man—Yes please. And I've
cathed to obtain a fevr facts,
Film Star—"Good Lord! 1 don't
want any facts in it.
Teacher—'Tell me what water is?"
Bright Scholar-- "Water is the stuff
that turns black when you put your
hands in it,
If we remember correctly, the
next war will be brutal," we are re-
minded by British Army experts, Well
the last one was considerably more
than mildly annoying.
Admiring Friend --"I'll bet that dog
of yours is a game one. He looks like
he would tackle anything.
Owner—"Well he certainly made
six dogs run faster than they ever did
before,
Admiring Friend:—How did he ma-
nage that?"
Owner—He ran, and the others ran
after him.
Classified Advertising
PATENTS
N OFFER TO ,EVERY INVENTOR, R,
List of wanted inventions and full
information sent free. The Ramsay
Company, World 1?aient Attorneys. 273
Bank Street. Ottawa, Canada.
SILVER. BLOCS FOR PUPS
S ILVER BLOCK for pups, pure bred,
prolific strain. High production,
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formerly registered. Prices reasonable
Write or phone R. F. Clarke, R.R. 2,
Truro, N.S.
CANADIAN STAMPS
1011 Dsel;R3\Tu00. Cuns St.. London,
Ontario,
1ULL leavening power is assured
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over 50 years. Today --they are pre-
ferred in 7 out of every 8 Canadian
homes where dry yeast is used.
FREE —The "Royal Yeast Bake Book" to
use when you bake at home. 23 tested
recipes—loaf breads, rolls, buns, coffee
cakes! Address Standard 'Brands Ltd.,
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Buy Made•in-Canada Goods
m m• e 0 0 0 0 0 0
. . o
ART CONTEST
TEN PRIZES are being offered to amateur artists in a
sketching competition. Here is a splendid opportunity
for anyone with a mere preliminary art experience to
receive a prize and individual art training.
Send a three cent stamped envelope for full information•
Ideas k -; ;ted
Thirty -Nine Lee Avenue, Toronto, Ontario