HomeMy WebLinkAboutThe Goderich Star, 1932-10-27, Page 5'»'U AY. OCT. 37th, 1092
THE GODERICli STAR
T1 Canada Flour Co.!cquntrlRs, T1te preference mpIr Usiled
Reports
# t,iV'' by t's,eat Siitalri tri #alar t�Y ergAlr4' floor.'
Reports Profits up i has, however, lrlereased solea to the
united ti iaiidoin and Waaatern Canada
l flour ie in a paritiell to take advantage
Not Rev .nus - Iacrnased bytotiusB y tither improvement in Woad!
Operettas Economies
Ones/ging lecome lies have been effeCte
ed and: improvements Made where pos-
sible bats owing to severe eoinpetitien,
$72,83+6on the 'Xasar'as
Operadons
A substantial increase in profit for the
year ended August 31, 1n2. as 5O 1*red profits are not yet of eatisfeetury pro -
with the previous period, is reported by portions, he writers.
the Western Canada Pleur Mills Vom,« Mr. Hanna mentions the abundssnec
zany. Ltd, Although. profit was comas of Wheat to Ceneds of goad milllroi qua«
erably higher it was necessary to draw lily and looks for improved business for
the company's elevator depertrgient. The
esattP4sny's, biking interests, although'
passing thrtruth trying period, show lin-
proved earningsduring recent saanths
and provide a salsetantial outlet for. Wese
tern caned*,flour prude**
MATH WAS ACCIDENTAL
on general reserve and surplus to pro,.
ride nsserve for depreciation and 4oubt-
ful site:ulmts and for dividends paidon
,the preferred slims.
' Net profit amounted to 3138.885, an
increese.of s72,s;i. Preferred dividends
,rsquired, 3156,845, leaving a< elefiait 9f
019,060. before depreciation +wad: doubt -
Tut account reserves„ The deficit of
$19,960 was withdrawn from surplus, re-
ducing the amount carried forward from
$828,317 to $808,351. A sum of $127,180
set sadd'e for depreciation and doubtful
accounts: was transferred from genteel
reserve.
Working Capiltal Dew*
Working capital is down from
' 467,937 to 4902,344. Current assets of
$1,926,074 were 1,88 -timer current
Mattel of 41,023,730, aa# compared with
the situation a year earlier when cur
,rent assets of 32,347302 'Sere 3.87 uses
current liabilities of 4879,265,
In the course of the year rash tell
Sona 3108,518 to . 37,333, seconds and
bills receivable from $980,397 to $607,-
988, and inventories from $1,258,227 to
41,24¢,164. A' bank loan of $266,000 was
incurred during the year, but accounts
payable dropped from $840,054 to $75L-
730.
Contingent liabilities decreased slight-
ly during the year, Customers'" papers
undder discou t fell from$1,296,901 to
$1,065,772, and there is a reserve of
$222,533 for contingencies, doubtful ac-
counts and 'income tax. Another con-
tingent liability . is the company`s guar-
antee of loan to Purity Baking: Co:, 'Ltd.,
to $1,692,500. This ' loan was Tor 31,-
457,000 in 1930, 3700,000 in 1829 and. it
did not appear in previous 'balance
' sheets.
Plant, Investments
Real estate, buildings, plant and equip-
ment, less depreciation; are shown at
' $5,435,091, down; $113,000. `Other :invest-
ments, : including investments in . affilia-
tedcompanies, went up from $926,396 to
$1,344,030.. Property reserve dropped
from $ ,313 212. to 31,2.72;582 and gen-
• eral, reserve from $988,484 to $71,1,316.
Pension Iupd reserve still stands at $50, -
Tn his accompanying remarks,'• Presi
dent D. B. Hastates the company'
fully Maintained its position in the :dom-
e ri ee a further
e c rn bu en., d r
sti arko� xpe
, t
falling off in export business, due to fur-
' that' ' restrictions, imposed . by European
No $lane d ttachoil to Anyone .la can.
neetion With Schulte Accident
* Such was the veraiict last:uurerlaY
afternoon teturned by the cmoirer% Jury
which enquired into the death of John
Schultz,of near Auburn,. who died -from
injuries received when he was struck by
an auto about a mile west of Auburn.
The jury's finding was that "Alm
Schultz died in .Alexandra hospital from
gas gangrene caused :tram injuries re-''
ceived by being struck by a motor car
driven by Norman J. Thorns, in . the''
township of Colborne, on the night of
October 8th, and from the evidence,
submitted we find that the .accident was
purely accidental:"
A short time ' before the accident
Schultz had a narrow escape from. being
struck by .Nelson . McCarty,- who Was
driving ahead of . altsother ear whose.
lights shining through the rear window
blinded him so that he nearly ran into
Mr. Schultz. • Mr. MoLarty advised Mr.
Schultzto walk .on .the left side of the
toad and thus face . thetrate but when
the car.'which actually ran 'into hien ap-
proached he jumped to the right direct.
ly in front of the ear as it swerved to
avoid him. The occupants of the car
all ,gave :evidence, Norman J. Thorns, of
Detroit, the driver; Harold Weston, De-
troit; Grafton Weston, Beyfineld; and the:
Misses .,Helen .Drennan, Lillian Wise .and
Muriel. Parquhareon; of Goderich. As
the Detroit .car approached Schultz an-
other car appeared behind lain and
Schultz became confused. Dr.. Macklin.
of Goderich and Dr: Weir of Auburn
gave evidence as to the cause of death.
The .members of .the jury ;were' John
Platt, J. Sparr, Gavin Green, H. Black-
stone, William' 'j'ichiserne, W. E. Ste-
thers, E. IL;, Somersall •and J. Cult.
GODERICH. 15, CL'TNT0i11i' 1
Learn the Facts About Your Face
Perhaps you imagine that no one
can tell you anything you do not
know about your own face. But
suppose a personally trained rep-
resentative o: the greatest beauty
scientist in the world, could show
you how to make yourself look
both younger and more charming wouldn't it be
worth a consultation with her—gratis ?
A personal representative of
HELENA; RUBINSTEIN
direct from her Toronto.: Salon will be. at
CAMPBELL'S DRUG STORE
November 28th,. ' 29th and 30th
She will show you how to bring out the greatest
charm, the most fascinating beauty, and the most
youthful radiance in your face. She will give you
valuable hints on the new Faris 1takeup for Fall,
and advise you professionally on any individual
beauty problem you may have.
Learn the facts about your face from heri,
There Is no charge for this service
Broadcasting every Tuesday morning 11:30 a. m.
Campbell's DrugStore
p
Goderich—Phone 90
LOYAL
The fowl supper at Carlow on Friday.
night was a great success, over $100
being. +ole
ared
The tax collector, Mr. Wm. Watson,
will be on hisrounds when he hopes to
find an open door and some One to re-
ceive his slip. ' •
Another car of produce is being col-
lected for a dried -+out district in South-
ern Saskatchewan, It is; hoped 'there
Clinton vs Goderich at, rugby at the will be as ready a; response asa year
I
agricultural grounds last Saturday" 're- ago.
suited -15 to 1 in favor Of Goderich. 'The W. M. S. met at the home of Mrs.
•
N. S. Debaters Lose
By Narrow Margini
(Continued treee, Paige 2).
by Rev. A. E. hlliot. 8xeter; Miss RI
Mills, Blyth, contributed Plano Music. i
A feature of the morning session was
the alJia+lintment II puminating and re-
eelutious committees. Tire former was
ecmpeeed of Dr: C. E. Toll„ /Tarry Star -
Os Auburn; Dorothy Walters, Nenmil-
ler; Sudan 'i;onl,, 'Godertch; Gladys'
Fawcett, Miss A. Toll and Marjory l
Proust The r85omutierni Celiulitteae
ReV. S. J. Mothers, Frank Wiidfortg, Miss
Mills, Miss Milne, Miss Ilroadfoot, Miss
Scott and Miss Caultea.
The afternoon session opened at 2
o'clock with devotional ceereises con-
ducted by Grand Bend Y. P. 8. Group
reports were then heard and were tele
lowed by round table: discussion, cone
ducted by Rev. R. N. Stewart, of Staffs.
A ten-minute recess wall declared and
afterward' a reading by Rev. K. B. Cease
of Kincardine was much enjoyed. The
offering was taken and was followed by
an address by Rev. R. N. Craw. Supper
was served at 6 p.m. The evening sea•
sloe which was the climax of the whole.
opened at 7.15 with music by the myth
orchestra and ' was followed by organ and
piano selections by Mrs, Wended and
Miss E. Wiltse. Devotionel exercises
were conducted by the Auburn Y. P. S.
Mr. Sturdy presided. Charles Scott
offered prayer, Missi s Annie Strachan read
the roriptore lesson, A. Andrew gave.
an address based on the scripture text,'
"Ye areBrethrenifdo whatsa-
Y Sty ye
Y
ever It command you," Misses Phyllis
Taylor and Ruth Strachan contributed
a duet, . "Somebody's praying for you,"
The reports of committees were then
heard, Miss Dorothy Walters, 1931-32 ,
secretaryetreasurer, . gave. the report.
nominating committee which was as fol-
lows: Hon, president, Rev. F. O. Far-
rill; president, Harry Sturdy, Auburn;'
vice-president, Frank Wlldfong, , Exeter;
secretary -treasurer, , Miss Gladys Stew-
art,, Blyth; associate. secretary, Miss
Louise Mills; convener, Fellowship toms
mittee, Mac Wightman; missions, Mars
jorie Jemmison, Grand Bend; citizens
ship, Florence Scott, Belgrave; literary,
Gerald Godbolt, Centralia; recreation.
IL Morris on Thursday, the 20th, The
president <presided After singing and
prayer, . Mrs: Walter, Sr., read the 91st
psalm as the scripture lesson and led in
prayer. A
paper
on the' need, ai.ore
rigid laws curtailing the use of alcoholic
liquors- was read by Mrs, W. ' Walter. -
The three delegates who attended -Blyth;
Conference on the 14th gave their re-
port An invitation .from Leeburn , ,for
their thankoffering ,meeting on the 25th
was accepted, • The meeting closed and
the hostesses, Mrs. H. Morris, Mrs. Ray-
mond and Mrs:Tr 1e
eb served ed a rialinty
lunch- and a social. hour Was, spent:
„1'
Fox � g
National Advanta e --For Individual Benefit
:r -
DOMINION OF :CANADA BONDS
1932
On Monday, October 31, Canadians will have as opportunity to invest
in a new issue of $80,000,000. Dominion of Canada Bonds. By buying
these Bonds you will accomplish two things:
1.. You will obtain the . soundest investment available to Canadians,
secured by the resources and integrity of the Dominion.
2. You will assist in further strengthening Canada's financial position,
with favourable effect upon general business.
"kiOTCG'17<'N5'I',ANi'11NG the trying condi.
IN tions which have prevailed during
the pas:, three years, Canada has established
an enviable record of financing. for ex.
ample, among other accomplishments, the
Dominion has refinanced—before maturity
and ata reduced interest rate--$ 40,000,OOd
of its public obligations, due is 1931,1932,
#933 and 1934.
The newDominion of Canada Bonds, which
'wilt bear 4% coupons, will be offered at a
auf cleat discountto provide an income
yield in line with' current interest rates:
Within the last few months Great Britain
and other countries have arranged 'import.
ant financial operations. In each case, these
have met with marked success, investors
having quickly recognized the trend toward
lower interest rates.
The success of the new Canadian loan is
important. It will further demonstrate the
confidence of Canadians in their own coon
try and this confid*ac`e will be reflected in
the money markets of the World.
POP national ad's mage '- and for your rndividmgi benefit-- phis 'tow to ba
Domistios of Can t 4% Bonds, X932,r lobos thry,are offehd next Mora qty
This preliminary advertisement is published by THE DEPARTMENT OF FINANCE to
enable Canadian investors to make arrangements to participate in this offering.
Ralph Henderson, Goderich; religious
education, :: Rev. Ct. ` W. Butt, Gerrie:
leaders, C. Cf, 1. T„ Mrs. Mabel Packett,
Clinton; C. 5, E; T. Mr. Balkwill,' Elms
ter.
Resolutions Passed
Miss Mime reported for the resolutions ...
committee • as follows: We recommend
that a seriesof officers' conferences be
held in each presbytery;;. that the pres-
byteries. do - all possible to make the pros
hibition drive (National prohibition
week) which e ) his held the first meek, to
November, a real success; whereas he
depression through which. Ontario
nnimo .
o n withtherestof
c the world old
passing,' has become more acute, be it rrrI/) C' Know
resolved' that we ':reiterate our request
that the' Ontario Liquor Control Board • • .
PAQ,1t1V*
"Forget-MewNot
The New Silk Lingerie...
for Ladies and Misses
The Quality --is exceptional and the prices
Very Reasonable.
Silk Gowns, applique and lace trim,
small, medium and large, only
98c each
Silk 'Bloomers, peach, . pink, and white
y :
in all. sizes. Special =Value at
39c049c and 59c .r.
-ilk. Vests to match the Bloomers and
Panties, opera top
only49c each
ch
See': our window display of this: wonderful:
New' Silk Lingerie
Phone 86
HIBBERT
TETE CASK STORE
Goderich
'
close all liquor stores throughout the Mrs. Off,' Williams, is convalescing at
province and suspend• the issue of -liquor her home on St Vincent :St after her
permits during the continuance of the recent severe illness..
government relief policy
Believing that war is opposed to the
Mr, Arthur Ford, managing editor of
principle of Jesus Christ, be it resolved the week -end.
The London -Free Press, Was in town for
that young -people give time to thestudy
of international problems and the form• Mrs. Eric Wilso 5, of Stayner, was visit-
ing of :personal convictions • about war, . ing aC the home of .Mr..and Mrs, W: F,.
Be it resolved . that this young people's Saunders during • the week.
organization protest against all Sunday Mr. and Mrs. Ross Young, North Bay,
amuseme'nts,take steps to arouse the and Mrs, Arthur Kembar, Toronto, visit
ed -with Mr. and Mrs. Thomas Young,
South St.
Young people of, our conferenee;to a rea-
lization of their demoralizing effects and•
urge our young people to co-operate with
the Lord's Day Alliance in the enforce-
ment of the 'Lord's Day Act.
The choir of Ontarioo street church
gave a selection with Dr. F. G. Thomp-
son, Miss E. Wiltse and Miss Marion
ibbings taking solo parts. Rev. A. Sin-
clair, Hensel], ' was called upon 'to install
the newly appointed 'officers. They ape
preached the altar and standing before
the installing minister took the obliga-
tion of office and were briefly admonish.
ed to faithfulness to :the trust imposed
in them. A solo, "Guard While I sleep,”
was contributed by Ralph Henderson.
Rev. "Mr, Millson of Toronto, .a mem-
ber of the board of the United church
on prison reform, then addressed the companied by Mrs, James Wilson and
meeting. The speaker said in part that Miss Pautville, who were visiting in
Ming - people should know the church,
its aims, its failures and its successes,
in order, to do effective service in' the
church. Tn the church, he said, are to
be found the best citizens of the cora-
enmity. :Take
ora-to mity.-:Take away the. Church and you of other Mutual Life agents came east
take away the' highest types, the beat in to attend a Convention and Mr. Pridham
music, in oratory and. in everything that
goes into the making of the best typo
of citizen. The speaker stressed the.
necessity of faithfulness. Faithfulness
to the society to which you belong.
Faithfulness to the principles for which
the church and .young people's societies
stand. Rev. Milk:on was heard with
rapt attention And his address wan full
of pertinent instruction and admonition.
a
P. G. WEIR AGAIN PRESIDENT
Over 225 Attend Huron Presbytery
Young People's Rally at Auburn
Ms enthusiastic rally of young people 1.
was held in Auburn on Monday night
when over 225 representatives of Young.
People's Societies and Sabbath schools of
the Presbytery of Huron of. the. Presby
terian church in Canada assembled in
Knox church for their annual meeting.
P. O. Weir, Qoderich, president of the
Association, presided.
The reports of the Sunday schools of
Auburn, Smith's Hill, Clinton, Exeter,
liensall and Goderich showed splendid
results and attainment. Mast intereat-
log reports were given of the Summer
School, Girls' Camp and Boys' Camp at
Kintall by Miss Marjorie Doer, of Gode-
rich; Mise E. Jamieson, Ceaforth, and
Mr. J. Stanbury of Exeter, respectively.
Excellent work has been done also in the
various 0.0.1.T,' groups and Young Peo-
ple's Guilds.
The payment for the Huron Cabin
errected by tcie Association la progressing
favorably. It wan reported front Gode-
rich that the splendid gift of a Donalda
sectional camp from Mr. and efrce 13, E,
!Smith, of Goderich, would add'. to the
iequlpinent of Kintail camp.
Rev. W. T. Bunt and Mrs. Bunt •.at-
tended the meeting of the Association of
Baptist:' churches of Ontario and Quebec
which`' was held ln.Yorieminster church,
Toronto.
James Donaldson' and Wm. Sneed re.
turned ; the beginning of the week froth
Blaskstotie'$ take• where they were
hunting partridge.. They got' a fair bag
each and a good outing.
Judge Costello ane: Harry Watson re-
turned from theSr hunting trip to East-
ern Ontario in the early hours of Satur..
day morning. They brought back a
good supply of partridge.
Ronald Wilson was tip from Toronto
over Sunday and. on hie return was ac.
tette, Rev.. W. J. Patton will address,
the young men.
For the next twelve months tire 'fal-
lowing have been elected'. as 'officers of
the Yonne ' Club of North street United
chsirch; President, Norval Anderson;.
Vice president, Lena Culbert: secretary:
David Hodge; ,,treasurer, Joe Prlddie
convenors of commIttees: Sports, •Ralph+
Henderson; social, Jack Howard; look-'
out,_ Gus Worthy. :`The Club meets on'
Sunday afternoons at 3 o'clock,
town, occupying Mrs. Jas. Hamilton's
house while she has been in Windsor.
E. G. Pridham, of Winnipeg, visited.
his parents, Mr. and Mrs. W. C. Prid-
ham, the past week. He and a couple
Rev. W. A. Young. of Hensall, gave -a
very inspiring and well developed addreeS
on "Youth And its Challenge," which
appealed strongly to the minds of it
present and a very hearty' vote of thanks
wee cr,tllustarticaily tendered thin speak-
er. The noratnating committee brought
in the list of officers for the ensuing
year as follows: President, P. 0. Weir,'
Oaderieh; • Ceeretery, Miss B. Pfaff. of
execr; Treasurer, Mr. A. Pride, of lien -
1 call; additional corninitteenlan, Rev. I.
.13. /Cane, of Cenforth. The devotional
. ererelr a Were conducted by rdeinbera of
'The Goderich Young People's Guild, G.
hew. tv. Dougan, of Clinton, dosed the
lSyetisse with prayer and the 1 nod/peen '
left on Tuesday morning for Kitchener
and Toronto, They came diiWn by mo-
tor and on their second day coming
from Winnipeg ,ran into a foot of snow.
AMONG TIlE CHURCHES
Evangelist T. B Coombs will commence
his preaching mission on Sunday, Nov.
Oth, in Victoria St. church.
Services at the Baptist church. Sunday
next: 10 a.m., Bible school,. Church
ducted by Rev. E. G. Dale, B.A., of New
Hamburg. Rev. W. T. Bunt will conduct
anniversary services at New Hamburg.
Announeement-.The Salvation Army,
Young, People, notice! Lantern service
in the hail by '.Major Ursaki, of London,
at 6 p.m. Wednesday, .Nov. 2nd.' Adults,
attendees! .s Major Ursaki will also con-
duct a specia& service at 0 p.m. You are
welcome.
Ne;it Sunday at North. street United
church: 10 a.m., Men's Club and Pei-
lowahip Class; 11 a,m., pastor's subject,
"A Crowd of Wltbec,es;" 3 p.m., Cunday
School; 7 p.m., "Kadesh Barnes." The
cervices are bright end' 'interesting and a
very hearty welcome' ie extended all who
Come. -
Services will -be conducted at Victoria
St. United church. Sunday, October 30th:
11-0,m., Communion service, "The Cross
Triumphant;" 7 p.m., the Gilrristian Ser-
vice Group will hold their first 0nnivers
awry and will lead the service of prate,
assisted by the Westfield church guar -
HEREFORDS for SALE
Eight registered bulls 0 to
141nonths of age, also bred
:tnd open heifers, sired by
our herd' bull, Brae [)like, .
42763323, Breeders • since
0105. 1. Notes trill .be taken
with bank's approval.
STVTT BRGS.,
R. R. °2,
Forest, Ont.
Venus
Restaurant`
AND
Ice Cream Parlor
VENUS . CANDY
HALLOWE'EN NOVELTiES
SPECIALS
MINED CHOCOLATES - :.. .. 20e
CREAMED CARAMELS .29e
MAPLE PECAN KISSES , ' 280
the Candles made on the premises
Watch Our Windows for
Hnilowc rnSpecials
On the Squrare, •Goderich
Be An. Early Bird
Be a jump, or two ahead of
the cold weather by order-
ing• a
Suit Or Overcoat
Burton Tailored
Clothes
$25 to $35.
Clothes Tailored' in
Our Shop
$3930��to. ...5
Moore's English Stiff
Hats—Soft Hat's
$2.50 and up..
tide Our Relining. Rerrnodel•
ling and Repair Service. '
Suits and Coats
Dry Cleaned
$1.25
FRANK H. MARTIN
TAILOR and HATTER