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OVER 2 Mil Tals Yo XE) LN RAGEDY ON LONELY LAKE Man Was Found Killed and His Partner Dead From Poison, A despatch from Winnipeg, Man., says: The tragedy of a lonely shack in the far northern wilds of West- ern Canada is recalled in detail by the arrival in Winnipeg of a letter to Mrs. Mills, wife of Cap- tain J. W. Mills, of the Hudson's Bay Company steamer Mackenzie River, plying between Fort Mec- Pherson and Fort Smith. The let- ter tells the story of a young clerk who when bringing out the mail in the Spring, on June 6, found Pete Meland dead with his head crushed and W. 8. Elever, the other man's prospecting partner, dead of poi- son, self administered, and a con- fession signed by the latter, telling of the whole tragedy. The scene of the horror is Salt River, about five hundred miles north of Great Slave Lake. The confession read as fol- lows : «I have been sick a long time; I am not crazy, but have simply been goaded to death. He (Me- land) thought I had more money than I have, and has been trying to finish me. I tried to get him to go after some medicine, but he would not, wishing to have me die. So, good-bye.--W. 8. Elever." A further confession read as fol- lows :-- «I have just killed the man that was killing me, so good-bye, and God bless you all. I am awfully weak and down since the last of March, so there is nothing but death for me. - Cruel treatment drove me to kill Pete. Ship every- thing out and pay George Walker $10.--W. 8." The two bodies were buried to- gether after the inquest, which re- turned a verdict of murder and sui- cide. A large stock of fur and the sum of $104 were found in the shack. MAKING SAFE INVESTMENTS "YIELD" ON BONDS DEPENDS ON TIME 80ND HAS TO RUN BEFORE MATURITY. Explanation of This important" Point of Great Importance--Not Like Stooks Which are Never Repaid and Therefore ed In R 0) Re turn--Some Interesting Hiustrations. Time Not (By "Investor™) In the fret of this series it was shown that "distribution of risk" is an import ant principle of investment. It is a very simple one, however, ipvotving Bo ver. contused ideas. There is amet inci le tobe borne in mind when making in vestments which is of no less bat {t-is, however, vieus to those whose investment exper} ence is em all--and even to. many who should understand its actions thoroughly. This is the principle of investment "im accordance with actful requirements." Not long ago a financial paper stated, quite correctly, that a high return on an investment should always be looked upon with suspicion, * This, however must not he taken to mean that such a stock as Dominion Bank, which pays 12 per cent. per annum js decidedly past the danger mark and should 'be avoided. Of course, the person who figures this out in this way quite misses the "point. "The rate' of income" or "return" on an in vestment depends on the vate of divi dend, to be sure, but it is quite a dif- ferent thing altogether. For example, take the case of a stock paying 12 per cent. The investor will have to pay at least®$200 'a share for this stock. But the dividend is figured on the par--or face--value of the shares, which is $100. Therefore the: return on the $200 invest. ment, is §12 per year, or $6 _on every hundred invested--that. is, 6 per cent. This is 'what was referred to iif a pre- vious article, when "rate of intome" was given as ome of the points--the second in importance--to be considered in chosing an' investment. g \ : Now, in' the case of stocks. 'as we see above, this is a very simple matter to understand. When we cofisider bonds, however, 'there is considerably more to be taken into accoufit. Gt Anyone who has ever bought bonds may sometimes wonder why 'two different 'is- sues of the bonds of some' particular city sell at quite different. prices. The. se curity is exactly the same, tho rate of 'interest identical; the only difference, probably; is that one bond may b : / 'able in ten years and the other "this Jay Soaite "tha x $50 as legitimate income, and, dividing $43.30 by $1,082.50 we find that this amounts to 4 per cent. on the sum of $1,082.50 invested. Therefore, a 5 per oent. bond, with ten years to rum, selling at 1081-4 "yields" 4 per cent. Remember, '| the amount returned' is, of course great- er than 4 per cent., but the half of 1 per | cent. in excess of that rate is really re- payment of a part of the invested ca- pital, in installments. On the other hand, where, a similar bond sells below par. the process is re- versed. For example, a 4 per cent. bond selling at 90, with ten years to run, "yields" the investor 6.3 per cent. where- as, a 4 per cent. stock selling at 90, re- turns but 44 on the investment. The reason, of course, is this: In ten years the bond is repaid at par of $1,000 and cost but $900, therefore, to every $40 ot interest must be added the part of that $100 profit 'which will be received at the time the bond is repaid, and of which, in the "yield" account is thus taken. Bo, in buying bonds or other forms of mortgage or debentures which are pay- able on a fixed date, the element of time is a most important one. In such a case the "rate of income" is not as simple to estimate as is often supposed, as we have just seen. Bond dealers, of course, do not have to bother working out these details, for there are books of tables compiled in which the figures for all values, rates and times are given, and most bond dealers haye a supply of small books of this sort: which they supply.to their customers." = Indeed, in bond selling, in many cases, bonds are sold on the basis of their "yield," and the price not figured out until the tion is leted. There. fore, it is ry to derstand how this is figured out before buying, or one may be di For a man. might buy Electrical Development Company bonds at 87 on the open market under the impression that as they "yield" 6 per oent. his income will be 6x88, or § wn 'year, whereas as, they aré'5 per cent. bonds he gets but $50 on each thousand, as he will' have to walt till 'the' bonds mature, 22 years hence, for the $130, which represents the addi: tional $2.90 ho expected and didn't get. The $130, of course, is the profit derived from buying the bonds for $870 and Raving them redeemed at $1,000. Don't forget, therefore, when reckon: ing the rate' of income on a security to find out--it it is a bond--~how long it has to Tan. 5 a Se ER tad a : y OWE LIVES T0 THE DOG. ' Nagrow Escape From » Woronto, Sept. 6~The Wheat Markets are steady, with some scarcity of Mani: | tobse. . Cables weaker for wheat and). stronger for. corn. - Flour--Winter wheat, 90 per cent. pat: ents, at $3.45, Montreal freights Mani. toba flours--First patents, $5.30; gecond patents, $4.80, and strong bakers', $4.60, on track, Toronto. Manitoba wheat--No. 1 Northern quot: ed at 81.0612, Bay ports; No. 8 at $105, and No. 3 at $1.03. Ontario wheat--No. 2 white, red or mixed, new, quoted at 8212 to 831Zo, outside. Peas--85 to 86c, f.0.b. oars, outside. Oats--Ontario grades, new No. 2 ut 380, outside, and of No. 3 at 36¢, outside. No. 2 Western Canada, 4c, and No. 3 at 421-4c, Bay ports. . Barley--Prices nominal at 6 to 0c, ou side, according to test. No. 2 worth T to 750, outside. : Corn--No. 2 American yellow quoted at 6c, Bay ports, and 711-20, Toronto. Rye--Car lots outside, 72. Buckwheat--No. 2 at 64c, outside. Bran--Manitobas at $22, in bags, To- ronto, and shorts $25, in bags, Toronto. Ontario bran, $22, in bags, Toronto. COUNTRY PRODUCE. Boans--8mall lots of hand-picked quoted at $2.25 per bushel. Honey--Extracted, in tins, 10 to lc per 1b. Combs, $2 to $2.25. Baled hay--No. 1 is quoted at $13 to $14, on track, and No. 2 at $10 to Sli. Baled straw--$6 to $6.50, on track, To- ronto. Potatoes--Car lots, in bags, quoted at $1.25 to $1.40. . Poultry--Chickens, 15 to 16 per Ib; fowl, 11 to 120; ducks, l4c; turkeys, 15 to 16¢. Live poultry about 2 lower than: the above. BUTTER AND EGGS. 'Butter--Dairy prints, 21 to 22; inferior, 16 to. 17c. Creamery quoted at 25 to Bbc per Ib. for rolls, and 23 to 240 for solids. Eggs--Offerings are only moderate, with strictly new-laid quoted at 230, and fresh at 19 to 20c per dozen, in case lots. Cheese--The market here is. higher. Large quoted at 14c per I. and twins at 141-2¢c. HOG PRODUCTS. Bacon--Long olear, 12¢c per 1h.. in case lots. Pork, short cut, $23; do., mess, 420 to #21. Hams--Medium to light, 17 to 18¢; do. heavy, 156 to 151-2c; rolls, 1134 to 120; breakfast bacon, 17 to 18¢c; backs, 1912 to fe, . Lard--Tierces, 101-2c; tubs, 10 3-4c; pails, ile. BUSINESS AT MONTREAL. Montreal, Sept. 6.--Oats--Canadian Western, No. 2, 4414 to 4412, car. lots ex store; extra No. 1 feed, 4334 to dec; No. 3 C. W. 4314 to 4312. Flour--Manitoba Spring wheat patents, firsts, $5.40; sec: onds, $4.90; Winter wheat patents, $4.50 to $4.75; strong bakers', $4.70; straight rollers, $4 to $4.10; in bags. $1.85 to 2 Rolled oats, per barrel, $4.95; bag of % lbs, $2.35. Corn--American No. 3 yellow, 70140. Millfeed--Bran, . Ontario, $28 "$0 $23; Manitoba, $21 to $22; middlings; © tario, $25 to $26; shorts, Man. 624; mou. 1llie, $96 to $31 Eggs, selected, 24 to 8260; No. 1 stock, 20 to 2%. Theese--Weaterns, 512 to 133dc; ensterds, 1314 to Wide. Butter, choicest, 26 to 261-4c; seconds, 2512 to 25340. : Te UNITED STATES MARKETS. Minneapolis, Sept. 5. -- Wheat--Septem: ber, $1.0038; December, $1.0214 to §1.0238; cash, No. 1 hard, $1.0478; No, 1 North. to 810254; No. 3 wheat, 9338 to 99380. Corn=No, & yellow, 6112c:' Oats=No. 3 white, 4138 to 42. Rye--No. 2, 80 to 801-2. Bran--$20.50 to $21. 'Flour--First paten $4.90 to $5.20; second patents, $4.40 10 $4.65; first clears, $3.25 to $3.45; second \ $2.25 to $240. : Boffalo, Sept. 5 ~8pring wheat=N terings; Winter, No. 2 red, 9; N red, 9c; No. 2 white, %c. 'No. 3 yellow, 8%: No. 4 yellow, No. 3 corn, 67c, all; on track, | billed. Oats--No. 2 white, 44 white, #4c: No. 4 white, 4%. 'Malting, $1.19 'to $1.24. ern, $1.02 to $1.04 3-8; No. 2 Northern, 97380 | have been increased. ; Low water in the Cornwall canal has Sleeed down the cotton and paper Pe Emile Lisott ing to stop a and died in the hospital. Forty thousand harvest laborers] vas shot, while by the C.P.R. snd .C.N.R. "Mrs. MoIntyre of Brantford was fatally burned when her clothes and bedding caught fire from a lamp. Montreal police are alleged to have ill-treated Alphonse Lefarge, » man whodied shortly after his arrest... Guelph Council will 'consider the question: of cancelling the agree- ment" with the People's Railway after due notice. ' . Sub Fire Chief Martin of Mont- real has been suspended from 'duty as a result of his difference with Chief Tremblay." GREAT BRITAIN. British coal miners are agitating for a miniinum wage. The Cu:zdian Artillery team now in Britain won an important con- test. Owing to the drought in India the King has sanctioned the our- tailment of the Delhi durbar pro- gramme. --r GENERAL. A mass meeting was held in Ber- lin to protast against intervention of Britain in Moroceo. i Anxiety prevails in France as to the outcome of 'negotiations. with Germany, but war is regarded as highly improbable. : Alfonso, the alleged head of the Camorrists, and another member of the Camorra, now on trial for murder at . Viterbo, Italy, were condemned to three 'months' im- jprisonment_for insulting the. presi- dent of the court. ~ Mlle Arria By, a leading femin- ist of Toulon, France, and an ac- complished revolver shot,' is deter- mined to fight a duel with an odi- tor who criticized an article she had written in which she argued that women ought to. live and die unmarried. ase I iit RIDEAU HALL IMPROVEMENTS The. Interior Being Giyen a Thor- ough Renovation. _ A despatch from Ottawa says: Extensive improvements are being rushed forward at Rideau Hall-dur- ing the absence of his Excellency Earl Grey at Toronto, in prepara- tion for the coming of the Duke of Connaught. The interior is being completely renovated, and the eéx- terior will also be improved. The chapel built during the regime of Lord Lansdowne as Governor-Gen- | eral has been torn down, and its place taken by a garage. of suffici- auto- time ago' that' anoth 'would be made to nt of the Rideau Hall will not at present be acted on, and 'the face main as it is for somé time ab least. i ei SUGAR ON UP GRADE. Increase at Canning Time Will Seriously Affect Consumer. New York. says: re showed con- * yddition] e will re- | 'ports Lo ¥ The wages of canal employees 3 t in Montreal,| were taken into western Canada} Fears '. German Invasion Would Fe A déspateh from London says: Belgium is preparing for contin. gencies in the event of war between! France and Germany. The Bel- gians know by experience that the neutrality of their country would be very difficult to safeguard in such circumstances, and they fear that a German invasion would take place in a few hours after an out- break of hostilities. . The Belgian Minister of War has given instruc- tions for all forts on the Meuse, especially around Liege, to be fur- nished with men and ammunition. THREE ENGINEERS DROWNED Were Employed on 'Canadian orthern Construction Staff. 'A despatch from Port Arthur : An upturned canoe found on ake Helen, above Lake Nipigon, following their nonsarrival at Nipi- gon Station as expected, indicates the drowning of Division Engineer Ri H. McCoy and Resident lngia- eprs C and 'Drum, of jafi. The 'wen b, "Sunday ev: ening for ( ! Nipigon that they were 'departing. Their route bee Lake Teles between their camp and Nipigon River, and when they did not ar- rive search was made, resulting in the finding on Tuesday on the shores of Lake Helen of the up- turned canoe and floating paddles. McCoy was 48, magried, and came from the Western: States; Drum and 'Nelson "also are "Americans, and their residences unknown. PIRATES ATTACK FORT. Buccansers' Driven oft in Crimea After a Sharp Fight, A despateh from St. Petersburg says: A report has reached here from Kerch, in the Crimea, that a band 'of pirates landed and attack- ed the fortress. The soldiers: re- plied to the shots of their assail- ants with a heavy rife fire, wound- ing many: Fifteen pirates were captured, while most of the others made off in boats. : Fomine 2 STRIKE IN RUSSTA SPREADS. Volunteer Fleet is Aftected--Many Steamers Tied Up, 'A despatch {from Odessa 'says: The seamen's. strike at, Black Sea is extending to the volunteer fleet: Thirteen mail and passen- ger steamers are now tied up. 'A railway strike is threatened and hands have struck=d worn x -Outbreak : of - Hostilities - mur are being fitte 'non of the t h annual manoeuvres of the Belgian army will not take place this'y War, has cau the. Belgian Government to be di- rected to the weakness and neglect: ed condition of this country's de: fences on the German frontier. FINE YACHT SUNK. Standard Oil Millionaire. A despatch from 'Fort Williag says: The ocean-going yacht Gus nilda, owned by Wm. L. Harkne: the Standard Lil mill , wel ashore in Lake Buperioriom W nesday, and the 3 passengers wer taken 'off in life-boats "safely of Thursday. The cre 3 KA The ¢few escaped in being carried down with 'the sel..- The Guuilda lies in 300 of water; and will never be reco ered. NORWAY"S ARMY 'MUTINO J Government is Called Upon' Cheek Spread of Socialism. A despatch. from. Ch says': The Norwegian press is calls ing upon the Government to adopt stern measures to - prevent the ig of Socialism \ soldiérs, and mutinous ecenes are constantly occurring Ja the drill grounds. Twe serious nffairs of this kind happened at Stenkjae and Gardemoen, soldiers: stormi.g: unjustly imprisoned. ta CUSTOMS REVENUE; :* "Months of Fiscal Year. - ended August 31 amounted to $33 596,145, an increase of $4,504,643 over the figures for the corresponds ing five months of 'the last facall 'venr. For the month of August alone the nevenue from Ousto was $7,678,398, which is greater by $1,198,600 than the Customs receip for August, 1910.4 / - i stohkiss type. The Belonged fo W. L. Harkness, 8° in the army. o Young Socialist party has se- - cured enormous influence over the .. Increase 'of $4,300,000 During "Five : ¥ 'the cells and liberating ccmrados whom they considered to have been