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"We quence of further rther increased cost 10k EROCER IS EXILED TO bea't to o iors our:many thousands of oustometa hy in sonse:, CHARGE fe PER LB, AVANCE | "For te Blue, Orange and Pink Label Blends of LIPTON'S TEA until conditions become more favorable. The cost of all teas has been advancing rapidly the world, necessary. The same irrespective of price conditions. but we have delayed increasing the price until for many months past, due to the sh £ plies and the tremendous increase F © shortage of sup- in consumption of tea throughout absolutely h-grade quality will be carefully maintained Thomas J. Lipton, 78 Front St. East, Toronto, Ont. HONEST TEA IS THE BEST POLICY EE ------------ [TALIANS ARE HEMNED IN A Correspendent Says They Are Besieged By the A despatch from Paris, says: That the town of Tripoli is virtual- ly besieged by the Turks, and that Homs is in on better situation, is the opinion of a correspondent of The Temps, who has succeeded In joining the Ottoman forces near uagher. He telegraphs regard- ing the Turkish side of the war, and says it is certain that aftor a month and a half of war, after large ex- enditures and serious losses, the talians are no farther advanced than on the day following their disembarkation. If the Turkish forces are inferior in numbers to the Italians, they make up in con- fidence what they lack in numbers. "I expected to find disorder and discouragement. On the con- trary, everywhere I met order, dis- cipline and contentment. Patient and ready for everything, the! Turks. Turkish soldiers is accepting all without complaint. If he suffers he knows it is for the Empire of Islam, while the Arab knows that if he dies paradise with Moham- med will be his." The food of the Turkish army is frugal but sufficient. Arms are adequate, many carrying rifles captured from the enemy. The correspondent did not find any dis- sensions among the Arabs and the Turks. The Arabs. whose forces had just been swelled by the fierce, war-loving natives of Misrata, are most enthusiastic, insisting that they should bp marched towards Tripoli to recapture it. The correspondent is unable to divulge the numbers or plans of de- fence and offence of the Turks, merely saying that their foreign military attaches must have made helpful observations. WORK FROM SHALL POWER Can Run Street Cars With Current Found in Telephone Circuit. A despatch from New-York says: The most recent invention that Prof. M. I. Hupin, of Columbia University, expects to spring on the world was spoken of by him at Wednesday's meeting of the Na- tional Academy of Sciences, in the lecture-room of the new library. He said he was not ready to go into the particulars just then, but by the next meeting of the Academy in April he would be prepared to explain to the scientists how he could get incredible amounts of work done by the use of small quantities of electricity. The ma- chine that would do this, said the professor, had been discovered al- most through accident and in fact his first one was broken into bits at the first application of a small current. As an example of the utility of his machine he spoke of running street cars with the current which was found in a telephone circuit. The principle had not been kncsin before, he was sure. SHIPMENT OF MILK. Board Makes Order Respecting Handling and Return of Cans. A dospatch from Ottawa says: An order of great interest to farm- trs has been issued by ghe Railway Commission as a result of an appli- sation made on June 22 by the Montreal Milk Shippers' Associa- Vion. This provides that every can shipped must have the owner's name stenciled on it, loaded on the cars by shippers, and the empty ones will be returned by she railway companies without ex- tra charge. If there are under lwenty empty cans the railway will unload these; if there are under forty the shipper must supply one man to aid; if there are over forty the shipper. must supply two. If any train is delayed over thirty minutes the trainmen must load the milk. After the 1st of September next year the railway companies will not be forced to take any can "less than eight gallons. and covers, grmly attached. They must all be GRA MURDERER MUST HANG. Duke of Connaught Declines to In- terferc With Sentence. A despatch from Ottawa says: On the advice of the Cabinet, his Royal Highness the Pake of Cou-|[ naught has declined-to interfere in the sentence of death passed upon James A. Leak, a Hungarian, who murdered his rife and her parents near Saskatooi. There were no extenuating circumstances. - This is the first capital case to come be- fore the new Governor-General. I tes SIXTY PERISHED., Austrian Steamer Wrecked Sirocco Which Swept Coast. in A despatch from Vienna says: The Austrian steamer Roumania was wrecker 6n Friday near Rovig- no. It is r ported that'sixty per- sons were drowned. A sirocco Mas swept the coast of the Adriatic for three days and caused much da- "GRAIN CHIPS Toronto, Nov. #--Flour~Winter wheat, 90 per cent. patents, $3.50 to $3.55, sen board. Manitoba flour--First patents, | $5.50; second patents, $5, and strong bak-| ji ers', $4.80, on track, Toronto. Manitoba wheat--No. 1 Northern, "61: |1 0712, Bay. ports; No. 2 Northern, $i+ 0412, and No. 3, $1.01, Bay ports. Ontario wheat--No. 2 white, red and mixed, new, 88 to 8%, High freights. Peas--Good milling peas, $1.16 to $1.20, outside: Oats--Ontario oats--No. : at #4 to "i, outside, and No. 3 at 431-20; car lots of No. 2 on track, Toronto, 47 to 4712c. Western Canada oats, 46c Tor No. 2, and at 450 for No. 3, Bay ports. Barley--No. 3 extra, 880 outside: barley, 75 to 80c. Corn--New No. 3 American, 70c, Bay ports, and.at-7ic, Toronto freight, : feed Rye--Car lots, outside, % to 9% for Ne.| Jill 2. Buckwheat--60 to 62, outside. Bran--Manitoba bran, $23 to $23.50, in bags, Toronto freight. Shorts, $25. --r ' COUNTRY PRODUCE. Apples--Winter stuck, $3 to $4 per bbl. Beans--Small lots of hand-picked, 82.- 25 to $2.30 per bush. Honey--Extracted, in tins, 11 to 12 per 1b. Combs, $2.50 to $2.75. Baled hay--No. 1 at $16 to $16.50 on track, and No. 2 at $14 to $14.50. Baled straw--$7.50 tb 88, on track, To- ronto. Potatoes--Car lots, in bags quoted at $1.20 to $1.25, and out of store, $1.40 to $1.50. Poultry--Wholesale prices of dressed poultry :--Chickens, 12 to 140 per lb; hens, 10 to 120; ducks, 12 tc 14c; geese, 11 to 12¢c; turkoys, 17 to 18c. Live poultry, about 2% lower than the above. BUTTER, EGGS, CHEESE. Butter--Dairy, choice, in wrappers, 26 to 28c; store lots, 22 to 24c, and inferior, tubs, 17 to 18c. Creamery quoted at 29 to 30c for rolls, and 27 to 28c for solids, per 1b. Eggs--S8trictly new-lald, 7 to 38, and fresh at 26 to 27c per dozen, in case lots. Cheese--Large, 151-2, and twins at 15 3-44c per 1b. HOG PRODUCTS. Bacon, long clear, 12 to 121.2c per lb, in case lots. Pork, short cut, $2250, do., mess, $19.50 to $20. Hams--Medium to light, 16 to 161-2c; heavy, 14 to 14120; rolls, 103-4 to ic; breakfast bacon, 16 to 17¢; backs, 19 to 20c. Lard--Tierces, 11 3-4c; 12 14. tubs, 120; pails, BUSINESS AT MONTREAL. Montreal, Nov. 2.--Oats -- Canadian Western, No. 2, 480; do, No. 3, 47 to 471-2¢; extra No. 1 feed, 461-2 to 470; No. 2 local white, 471-2c; do., No. 3, 461-20; do., No. 4, 451-2c. Barley--Manitoba feed, 82c; malting 97 to 9c. Buckwheat--No. 2, 65c. Flour--Manitoba spring wheat pa- tents, firsts, $5.60; do., seconds, $5.10; s¥rong bakers', $4.90; winter patents, choice, $4.75 to 85; straight rollers, §4.. 25 to $4.40; do., in bags, $1.95 to $2.05. Rolled oats--Barrels, $5.25; bag of 90 lbs., $2.50. Millfeed--Bran, $23; shorts, $25; middlings, $27 to $28; mouillie, $27 to $34. | Hay--No. 2, per ton, car lots, $14.50 fo $15, Cheese--Finest westerns, 1414 to} 1434c; do., easterns, 14 to 14 3-8¢. Butter g --Choicest creamery, 281-2 to 29¢; seconds, 27 to 280. Eggs--Fresh, 40 to 45¢c; eelents ed, 28c; No. 1 stock, 241-2c. UNITED STATES MARKETS. + Buffalo, Nov. 2.--BSpring wheat~No 1 Northern, carloads store, $1.10; Winter, No. 2 red, Y9%¢; No. 3 red, 9c; No, 2 white, $1.00. Corn--No. 3 yellow, 711-20, on track, through billed. Oats--No. 2 white, 620; No. 3 white, 61120c; No. 4 white, 601-20. Barley--Malting, $1.16 to $1.30. Minneapolis, Nov. 28 --Wheat--Decem- ber; $1.041-2; May, $1.0858; July, $1.0978; No. 1 hard, $1.0654; No. 1 Northern, $1. 0534. to $1,0614; No. 2 Northern, $1.0314 to $1.04 1-4; No. 3 wheat, 981-20 to $1.011-4. No. 3 yellow corn, T5¢; new, 6 to Tie | No. 3 white oats, 4512 to 451-2e. No. 2 rye, 92140. Bran, $2250 to $23. Flour | First patents, $5.10 to 85.40; second pat. | ents, $4.90 to 85; first clears, $3.60 to 3. 95; second clears, $2.50 to $2.90. + |. Ww, of this pa, WAG SIFE IVESTAENT MUNICIPALS HAVE NO CREAT PROS. PECT OF APPRECIATION, BUT ARE READILY CONVERTIBLE INTO CASH. ~ The "Yield" Basis on Which Bonds are Usually Sold Eliminate a Creat Part of Prospective Appreciation--Stable in Price Owing to Fact That They are Unaffected by Ceneral Conditions -- Recapitulation. The articles contributed by "Investor" are for the sole purpose of guiding pros pective investors, aud, if possible ot nay ing them from losing woney throu ir placing it in "wild-cat" enterprises. impartial and reliable na ote of Joe information ma relied. u| gh rt 69 "afd the Bublishop: no 'interests in fn connstlon wit wii" "hia matter tier than than -- (By Investor.) When one buys an investment, strictly speaking, one looks merely at the rate of income. Prospect of appreciation, when present to a high degree, usually indi- cates danger, perhaps remote--in the ex- tent of realization not measuring up to antiocipation--of severe loss from a drop in value. An investment should be free from any such danger. As a rule, really high-class investments altogether fail to take into consideration prospect of ap- preciation, and, of course, as the better class of municipal- bonds are strictly "gilt-edged" investments, the question of appreciation is one very remote from the thoughts of the average investor who buye this- class of security. To be sure, they are by no means as rigid in value as real estate mortgages, but they are not likely to any extent to appreciate in market price. In the first place, they are usually sold on the basis of their "yield." -One buys City of Toronto 4 per cent. bonds to yield 3.95 per cent. and then by the aid of tables which every bond dealer has--and most bond buyers-- the price is worked out afterwards, As was pointed out in an early article in this series, "yield" represents thé taking into consideration, in 'the return on the "javestments, the gain--where the bonds are sold below 'par or, the 10ss where a price greater than par is 'paid--resulting from the purchase at 9%, eay, and the unitimate redemption of the bonds at par. At the risk of being tiresome, it may be pointed out shortly that when purchas- ing a bond due a year hence at 99, the purchaser receives 100 at the end of the year. He thus makes 1 per cent on his purchase. If the bond pays 4 per cent. the "yield" on the investment is not 4.00 divided by 99 or 4.04 per cent. as in the case of a stock which 'is never redeemed, but 400 divided by 99 + 1, 'or 5.04 per cent: So that the prospect of appreciation in purchasing a bond at 95 dué fo:its re|, demption at par is duly taken care of in the 'yield," . On. the other 'hand, the growth of a city whose bonds formerly sold on a 5 per cent. basis may make these bonds appreciate 'so in 'value that] a 41.2 per cent basis is 'the proper price, | and in that way an investor may make] ' | through' appreciation. But as, a on however, | this slement, Jo one ; hat ha The Bibby Oil Coke Mills Liverpoo Totally Wrecked A despatch from Liverpool, Eng- land, says: .Fortysthree workers are known to have been killed and upwards of 100 others injured by a boiler explosion which occurred on Friday at the oil cake mills of J. Bibby & Sons. explosion was so terrific that the roof of the great mill was blown off. while the walls split and erumb- led, and the bodies of the victims hurtled high into the air mingled with 'the flashes of flames which in- stantly followed the bursting of the boilers. Nearly 400. workers were: engaged in the building at the time. Every one was hurled to the ground} through the violence of the explo- sion. Those in the hear vicinity of the boiler-room had their arms and This point is easily detérmined. These bonds do not depend for their security on general business conditions, as do those of most industrial companies, and are, as a rule, affected only by the loaning value of money. As this alters but little A in Canada it has little influence on these bonds. Then, too, except for a few large issues sold in London, there is no open market for municipal bonds. But they are being bought and sold daily by deal- ers trained in estimating their values and so, although there are no quoted prices for these securities, there are no flucfuations in their prices as there are often in the case of unlisted shares at different times. As a _ rule, therefore, these bondd do not alter materially In value, and certainly are not subject to violent fluctuations. Just atthe present time an investor could probably sell mu- nicipal bonds bought earlier in the year for a better price than he paid, owing to the 'great scarcity of this class of secur ity 'when compared to the demand. For | example, during the past week the sales' £ of 'municipgls to" 'investors by bond' "deal: |: ers in" Toronto alotie must have exceeded $500,000, while thé bonds purchased from' municipalities to replace them for looal! _ consumption have amounted to under $200,000. As this has been going on for several months mow, the dealers are growing pretty short: of bonds; and so there is a ready market at good prices for those of clients. who wish to ponvert them. into cash. The force ofthe | be by an Explosion. | legs torn off, and their hos mangled bodies fell into the adjo ing streets together with the & ere of brick and debris. ~ Fire ? mediately broke out and the building was soon in flames. 'rantically appealing for help col seen at every win with raging behind them. Fire esca were quickly on the scene and ma of the men were saved. The scoreh- ed clothing and burned -hair of those brought do told of the ter- | {rom shocking. i 'them have Tost de others are fearfully burned, so th many of them are hot expoctsd recover. EXPRESS PACKAGE STOLEN. Contained $5.000, and Disappeared While Clerk was Absent. A despatch from ina, says: n \R xpress package, 'to containd about $5,000, was ry from the office of the Canadian Northern Express Company about 3.30 am. on Thursday. e night clérk, a man named Cameron, was absent from the office but a few seconds. when he returned to find the Pask age gone. Nothing else \was turbed, and the on was a "brakeman, Ww v on a chair near the Mounted Police and the city police were both notified. ~~ No . arrests have been wade, hi a speed of ie said, > han an. hen over a measured To r itdlate we have decided th these | articles on unieljal bonds 'that a a olass, A * Their safety ie reat, "both as. To: gards weinciasly and interest, |