Richmond Hill Public Library News Index

The Liberal, 25 Sep 1924, p. 3

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While there’ is a drop in interest' rate from 5’74: to 4% per cent in this security it is believed that this will not prove a detriment to those who prefer a safe and sound investment. Government securities stand high on§ the investment market, and the con~i tinuance of strength of Victory bonds; throughout this year has been a real} Ottawa, Sept. 21.â€"A much larger proportion of the long-term division of the $85,000,000 Dominion Govern- ment loan just floated is likely to be: converted than was the case a year‘ ago, when only about $50,000,000, or‘ one-quarter of the $200,000,000 con-I version loan was taken up by the: smaller investors. It is believed here; that if the smaller investors takeI prompt opportunity of conversionl when the issue is offered to the public ‘ this week by the Canadian syndicatei probably oneâ€"half of the 350,000,000 20-year 41p} per cent securities will be thus absorbed. NEW LONG-TERM FLO TATIGN AFFORDS CHANCES T0 SMALL INVESTOR The report points out that the Spring was late and cold, the early growing period dry, lafe rpins brought second growth that delayed maturity, there was some frost, some hail, some rust, some sawfly. Rust caused some damage but loss from this soprce was 11,276,544 bushels. The Manitoba average is twenty bushels to the acre, giving a total of 5,811,460; Saskat- chewan’s average is sixteen bushels with a total of 2,849,504; and Alberta fifteen bushels with a total of 2,615,- 580. The total acreage is 643,039. The flax yield is given as six bush- els to the acre over all the provinces with an aggregate yield of 7,595,370 bushels. On this basis the Manitoba crop will yield 1,942,878 bushels, Sas- katchewan 5,562,402 bushels and Al- berta 90,000 bushels. There is a total, acreage of 1,265,895. ' Barley will yield 51,079,892 bushels. Manitoba leads with 27,456,060 bush- els, which is twenty to the acre; Sas- katchewan 16,215,467, or seventeen to the acre; and Alberta 7,408,365, or fifteen to the acre. Total acreage, 2,- 802,545. The rye crop is estimated at The Alberta crop is estimated at 70,694,479 bushels, of which 53,191,- 719 is from summer fallow and new breaking, an average of 21 bushels, and 17,502,760 from all other seeding, an average of five bushels. The total acreage is 21,525,899. The oat crop is estimated at 238,- 0p0,900 bushels, of which Manitoba has 68,366,795, or 35 bushels to the acre; Saskatchewan 123,561,625, or 25 bushels to the acre, and Alberta 46,072,480, or 20 bushels to the acre. The total acreage is 9,199,426. Victory Bonds Likely to be “Converted” in Larger Propor- tion Than Was the Case Last Year. lnot severe and “rust was never in the 295,858,791 BUSHEL Estimate of Yield in Three} Prairie Provinces Reported ‘ by Free Press. A despatch from Wipnipeg says:â€"â€"' A wheat crop of 295,858§~791 bushels; for the three prairie provinces is the‘ estimate of Miss E. Cora Hind, agriâ€"i cultural editor of the Manitoba Free, Press. The Manitoba crop is esti-; mated at 51,647,568 bushels, an aver- age of 21 bushels. Saskatchewan will have 173,516,744 bushels, of which it is estimated 115,421,240 bushels will come from summer fallow and new breaking, an average of twenty bush< els, and 58,095,504 from all other seeding, an average of eight bushels. S Jnature of an epidemic.” By far the greatest damage was from frost, which occurred in varying degrees in spots all over the central and northern parts of the provinces. Early frosts seriously lessened the yield on some late areas and grades were lowered over large areas. Losses from hail, sawfly, cutworm elsewhere relatively very slight. The wheat crop as a whole, Miss Hind writes, has filled to a remark-‘ able extent. Many of the very light stands having filled beyond all expec- tations of straw, but there remained very large areas where this was not the case. In Alberta and Saskatchew- an an exceptionally large percentage of land seeded to wheat was plowed under, pastured or cut for feed. Al- most all of this land was spring plow- The above announcement has been eagerly awaited by the thousands of holders of Victory bonds maturing this Fall, inasmuch as it will offer The proceeds will go towards retir- ing an issue of $107,000,000, which falls due in Canada on November 1, the Minister being in a position to re- duce his outstanding indebtedness by upwards of $20,000,000. The 4 per cent. and 4% per cent. bonds under sale are replacing secur- ities being interest at 5% per cent. Thé issue consists of $35,000,000 2- year 4 per cent. bonds, and a $50,- 000,000 20-year 4% per cent. bonds. The public offerings will be made at; an early date. A despatch from Ottawa says:-â€"â€" Hon. J. A. Robb, Acting Minister of Finance, announced on Friday that his 1924 refunding program has been completed by the sale of $85,000,000 Dominion Government bonds to a 'atrong Canadian Syndicate. Proceeds of Bond Issue of $85,000,000 Will Be Applied on Retirement of Maturing Victory Loan. GOVERNMENT BOND ISSUE BOUGHT BY CANADIAN SYNDICATE Last week followed With‘the $90,- 000,000 one-year Government notes in Wall Street to meet Treasury bills amounting to over $91,000,000, and the latest $85,000,000 domestic loan to aid in redeeming the $107,000,000 Victory loan due on Nov. 1 next. In all of these there has been a substan- tial saving in intc rest charges. With the two Government loans of, last week the total of Federal bor-‘ rowing this year is a little over $280,- 000,000. First, in January, there was a loan of $50,000,000 of 5 per cent 30â€" year bonds, Dominion guaranteed, for the Canadian National Railways; then, in the spring, one of $20,000,000 4 per cent. notes for three years. and a loan of $9,375,000 in the form of 4% Canadian National Railway equipment bonds, the period being 1925-39. A few days ago there was another Canadian National loan of $26,000,000 in New York at 4% per cent. factor in the géneral financi bility. A despatch from Toronto says:â€" Mothers’ allowances paid in the Pro- vince of Ontario for the month of August amounted to $145,281. Over §12,0l)0 children benefit from this " money, which was paid to 4,067 moth- ers. Of- these mothers the greater Inumber were widows, and only 138 Ihad been deserted for a period of five years and upward. I Mothers with incapacitated hus- 'bands, numbering 468, were assisted :by this money, and 106 of the beneâ€" ificiaries were foster-mothers. A despatch from Tokio says:â€"â€"Ad- vocates of women’s rights in Japan are advancing as proof of the We- men’s increasing interest in political affairs, the fact that of 14,000 persons who occupied seats in the visitors’ gal- leries of the two houses of the Diet during its extraordinary session last month, 4,000 were women. No pre- vious session of the Diet has had so many women visitors. Japanese Women Â¥ For purposes of record the aban- doned acreage was separated from 'the acreage which is producing a crop. Mothers’ Allowances Aid Twelve Hundred Children The terms of the new offering have knot been announced, but it is under- stood that holders of the maturing “Victories will be given the opportun- lity to tender their bonds in payment :for new bonds. The important effect of the announcement will be that the supply of available bonds in Canada ,will be materially reduced. The wheat crop as a whole, Miss Hind writes, has filled to a remark- able extent. Many of the very light stands having filled beyond all expec- tations of straw, but there remained very large areas where this was not the case. In Alberta and Saskatchew- an an exceptionally large percentage of land seeded to wheat was plowed under, pastured or cut for feed. Al- most all of this land was spring plow- ed or “stubbled in crop." And Miss Hind points out that “Summer fallow- ed land and the new breaking almost invariably was producing a thresh- able crop even in the most dried out districts.” The new issues have been sold to ‘ strong syndicate, composed of A. E Ames and Co.,‘Wood, Gundy and Co‘ Dominion Securities Corporation, Ltd‘ and National City Co., Ltd. an excellent reinvestment channel. It appears, however, that the $50,000,000 of 20-year bonds will be the only Can- adian payment issue floated this Fall, this amount being less than one-half the amount of maturing Victories. It is understood that the $35,000,000 2-year issue will be payable in New York, and the 20-year bonds, amount- ing to $50,000,000 will be payable in Canada only. ' Assert Rights Photograph shows Professor .3 or the Prince of Wales' ranch in A “I am leaving the United States with very real regret. This is not only the end of a thoroughly enjoyable three weeks, which I shall never for- get, but it involves saying good-bye to a host of friends who, ever since I landed in their country,~have done everything in their power to make me welcome; your President, and all his fellow-citizens with whom I have‘ come in contact have united in offer-‘ ing me the right hand of good-fellow-f ship; very many others whom I have never met have taken the trouble to write to me kind words which have touched me deeply. It has not been: possible for me to answer such let-‘ ters as fully as I should wish, but I‘ am glad to have this chance of telling the writers collectively how I value. their good wishes. Many of them1 have sent me such cordial invitations: to districts of the United States which I have not yet seen, and I hope more than ever it may be pOSSible for me some day, when time and circumâ€": stances permit, to make an extensive tour of this great country, “I have made the most of these. three vacational weeks, which, for me, Before leaving the Prince gave out the following statement: The whole town of Syosset turned out to see him off. He boarded the train on a siding at 9.50 and waved his hat at the cheering crowd from the platform of the private car Balmoral as magnesium flares lighted him up for the cameras. Prince Issues Statement Ex- pressing Enjoyment of Three Weeks’ Holiday in U.S. Syosset, L.I., Sept. 21.â€"The Prince of Wales boarded his special train here after a vacation of 23 days on Long Island, and started his journey to his ranch in Alberta, via Montreal and Ottawa. ROYAL RANCHER EN ROUTE TO THE. WEST The dangerous task of assembling the 7,500 miles of wire cab support the new Peekskill Vehicular Bridge across the Hudson been completed. The cable stretches for a distance of 2,600 feet. d Mrs. W berm. A despatch from London says:â€" ‘Now that Britain has followed the lead of France in negotiating for a :commercial treaty with Germany, the Canadian business colony in London is {asking why Canada does not take similar action. Treaty or no treaty, icheap German goods will find their iway into Canada. It does not follow, however, that Canadian grain and ‘other raw products will gain access to the German market. During the‘ last few months German agricultur-‘ ists have been doing their best to se-" cure the imposition of a prohibitive tariff on wheat and flour and despite Canadian representations, they may have their- way. Germany normally would be a good market for Canadian raw and semi-manufactured products, or for instance wheat, flour, apples and iron ore. Large orders have only recently been taken at Wembley for Canadian apples for shipment to Ham- burg. If agreementwvas possible with France, it is argued here that- one safeguarding Canadian manufac- turers and benefiting other forms 01'". Canadian production could be ‘made1 with Germany. [could not have been more full of en-i Ejoyment and interest, but the chief; memory of them which I shall carry away with meâ€"â€"the best of all memor-l ties for a departing guest~is one of: good sportsmanship and sympathy." ' The statement was typewritten on a single sheet of notepaper unsigned; headed with the Prince’s crest, a garter enclosing the letter E, with the words “Honi Soit Qui Mal Y i Pense,” surrinounted by the Prince ofl ‘Wales’s three ostrich feathers with his motto, “Ich Dien.” ‘ MAY NEGOTIATE TRADE TREATY WITH GERMANY Britain Following Lead 0 France and Canada Advised to Take Similar Action. arlyle, who are in charge 16 that will River has The French also have dismantled their intelligence service and other- wise have encouraged the belief among the native population that the “invisible evacuation” now being car- ried out will result in complete liberay tion of the Ruhr considerably earlier than the date guaranteed by Premier Herriot at the London Conference. A despatEh from Essen says:â€"Al- most 48 per cent. of the area affected by the Franco-Belgian occupational ' advance of January, 1923, has already ;been evacuated. The French garrisons at Bochum, Dortmund and Gelsenkirchen have virtually withdrawn altogether. Such small contingents as have remained behind are being retained only to carry out the formalities. At Oberhausen, where the French concentrated a considerable portion of their occupational forces, prepara- ‘tions for departure are well under way. Military posts stationed at num- erous mines operated by the Regie have been withdrawn. Preparations are under way to restore the plants to the German operators. Cheese, finest wests., 17c; do, finesi easts, 16%c to 16%c. Butterâ€"No. ] pasteurized. 3G to 3614c; do, No. 1 creamery, 34%c; do, seconds, 33%c. Eggsâ€"Fresh extras, 42c; do, fresh firsts, 36c. Half of Ruhr Area Evacuated by the Allies Export steers, choice, $7.25 to $7.75; do, good, $7 to $7.50; baby beeves, choice 600-800 lbs., $8 to $10; butchers lchoice, $6.25 to $6.75; do, fair to good, ?$5 to $6; do, com., $3.50 to $4; cows, lgood to choice, $4 to $4.50; do, fair ito good, $3 to $4; do, com. to med., $2.50 to $3; canners and cutters, $1 lbo $2; butcher bulls, ood to choiceI $3.50 to $4.25; do, me ., $3 to $3.50; do, bologna, $2 to $2.75; feeders, shortkeep, $5.75 to $6.25; do, light, $4 to $5; stockers,§ood, $4 to $4.75; ifeeding heifers, goo , $4 to $5; calves, echoice, $10.50 to $12; do, med., $7 to $9.50; do, com., $3.50 to $5.50; lambs, 'choice, cwt., $11 to $11.25;do, med., $16 'to $11; do, cull, $8 to $9; sheep, choicn llight, $6 to $7; do, cull, $2 to $4; hogs, thick, smooth, f.o.b., $9 to $9.25; do, fed and watered, $9.60 to $9.85; do, weighed, ofl’ cars, $10 to $10.25. MONTREAL. '1 Oatsâ€"CW No. 2, 68; CW No. 3. 67c; extra No. 1 feed, 65c; No. 2 local white, 63%c. Flourâ€"Man. spring wheat pats., lsts, $7.80; 2nds, $7.30; strong bakers, $7.10; winter pats, choice, $5.90 to $6. Rolled oats, bag, 90 lbs., $3.55 to $3.65. Bran, $27.25. Shortsâ€"$29.25. Middlings, $35.25. Hayâ€"No. 2, per ton, car lots, $16.50 to $17. - Lardâ€"Pure, tierces, 17% to 18c; tubs, 17% to 18%c; pails, 18'to 18%c; prints, 20%, to 203m; shortening, icrces, 16 to 161/2c; tubs, 16% to 17c; pails, 17 to 17%c; prints, 18 to 1854c. , 15.5; $3, $332:0 90 lbs. and u rolls, in barre rolls, $727.7 Smoked meatsâ€"Hams, med., 27 to 29¢; cooked hams, 40 to 42c' smoked rolls, 18 to 20c; cottage rolis, 21 to 24¢; breakfast bacon, 23 to 27c; spe- cial brand breakfast bacon, 29 to 31c; backs, boneless, 36 to 40c. ' aneylâ€"GO-Ibu. trims/1371,“ per 1b.; 10-1b. tins, 13%c; B-lb. tins, 14%c; Zl/éi-lb.rtins, 15c. Cuted meatsélmng clear bacon, 60 £9 79 lbs., $17; 70 to 90 Ills? $16.59; Millfeedâ€"Del., Montreal freights. bags included: Bran, per ton, $27; shorts, per ton, $29; middlings, $85; good feed flour, per bag, $2.05. Ont. oatsâ€"No. 3 white, 48 to 500. Ont. wheatâ€"No. 2 winter, $1.15 to $1.19; No. 3 winter, $1.13 to $1.17; No. 1 commercial, $1.10 to $1.14, f.o.b. shipping points, according to freights. Barleyâ€"Making, 78 to 81c. Ryeâ€"89 to 920. Ont. flourâ€"New, ninety per cent. pat, in jute bags, Montreal, prompt shipment, $5.75; Toronto basis, $5.75; bulk seaboard, $5.50. I Manitoba flourâ€"First Dats.. in into Beans,â€" Canadian, hand-picked, 1b. 6%}; primes, 60. Mziple productsâ€"Syrup, per imp. gal., $2.50; per 5-gal. tin, $2.40 per gall; mapleflsggar1 1b., 25 to 26¢. um-“ rvuluLJâ€"ALCAIO, uvc1 u “15., 26c; do, 4 to 5 lbs., 22c; do, 3 to 4 lbs., 18c; spring chickens, 2 lbs. and over, 30c; roosters, 15c; ducklings, 4 to 5 lbs., 25c. Live poultryâ€"Hens, over 5 lbs., 20c do, 4 to 5 lbs., 17c; do. 3 to 4 lbs., 15c spring chickens, 2 lbs. and over, 25c roosters, 12c; dficklings, 4 to 5 lbs 18c. ' Eggsâ€"Ex'tras, v 'ftieV: 45c; extra, loose, 43c; ongis, 30 to 31c. _._.~. _...., I...“ v“, FLL LVII, VAQHJU Cheeseâ€"New, large, 620C; twinsI 20%c; triplets, 21c; stiltons, 22 to 23c. 01d, large, 23 to 24c; twins, 24 to 25c; triplets, 25 to 26¢ Butterâ€"Fines: creamery prints, 38 to 39¢; No. 1 creamery, 36 to 37c; No. 2, 34 to 35c; dairy, 28 to 30c. Hayâ€"No. 2 timothy, per ton. track, Toronto, $14; No. 3, $12.50. Strawâ€"Carlots, per ton, $9.50. Screeningsâ€"Standard, recleaned, £0.13. bay pprts, pfer ton, $22.50. sacks, $7.80 per $7.30. yelbw. $1.37 Man. oatsâ€"No. 2 CW, 631/4C; No. 3 CW, 6214c; extra No. 1 feed, 62540; No. 1 feed, 61%c; No. 2 feed, 58%c. All the above c.i.f., bay ports. .Am. corn, track, Torontoâ€"No. 2 Man. wheatâ€"No. 1 North, $1.49%; R0.m2“North., 31.45%; No. 3 North, $1.4 Dre§sed_ poulfirxâ€"Hens, over 5 lbs The W "‘3' EEKS TORONTO fresh, in -_First‘pat_s.,_in jute over 5 lbs., 20c 3 to 4 lbs., 15c and over, 25c firsts, Markets Iva. wumuv , ligiitweight heavyweight cartons, 37c; sec-

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