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BE CO. ITS ; AND NOT SEEK TOO MUCH Camo Expect to Influence World Prices on Wheat-- iW 33 idea grew out t the high prices heat board, As we beard and t w ? of those wo advocate 'pool system still Tetain this notion, still ln that ie A uence wor and "uth fi Told out the hope ~wheat pool as the ultl- eal. This attitude not only ublie attention away from th§ undoubted 'but less spectacular m@rits of the system, but presents a Fery vulnerable point of attack fof the enemies of. the organiza- tign, a ational Pool a Nightmare " pliert Magill, secretary of rain _ Exchange, bo] jastitied 'when, dis- Ri fms of this sort, he sald - Fury gn the 'ether day, "The i, of the pool is to control the 1d supply of wheat, ®This is all y y well in theory, but impossible in practice,~to have an interna- tienal pool would be a nightmare." Of course, it is impossible to con- in hy! 'Bvén materially to affect, by means of a Cana- a Ly po Equally of course, it isan utter fmypossibility to form & world pool, which, to be effec Hf , would have to include, not only all the wheat exporting coun- tries of the world, but also the millions of wheat-growers in the in orting countries as well, since td attempt to control export eat would, if it were reflected fn higher prices, at once stinra- late production in the importing countries and bring prices to their old level," Whéat, as an interna- tional commodity, is as current as gold, and finds its own level as veadily, It differs from gold, how- ever, in this that whereas the sup- ply of gold can be only slowly changed, high prices of wheat may very by ly bring about a greal w increase supply in a sipgle year. Canada, dt is tpue, produces about half the exportable wpeat of the world, but, even if Canadian wheat were all pooled, it would he im- possible so te control its sales as to raise its price, If indeed, it were feasible to raise very temporarily the world price by withholding, it. would not he possible for the pbol to realize on the higher price, for just as soon as it attempted to do so hy selling its holdiings it would at once depress the price to its old level, The anology drawn between manufactured goods ana Has Been of Considerable Service to Small "Farmer Throughout West wheat does mot hold. It is com- paratively easy for a small group of manufacturers, protected from outside competition, by a tariff wall, to set prices and so limit production as to maintain them. The case of export wheat is en- tirely different. Say Pool Well Managed The T not pool has real and de- cided merits beyond these dubious claims, Outside of the grain trade, whose profits it seriously impairs, I found, in the West, very little question as to the quality of its management, or the benefits it was bringing to the farmers, I spoke with two leading bankers in Win- nipeg. Both* agreed that the pool was well-managed, and that it was of decided benefit to its members, The manager of one of the large mortgage companies had 75,000 acres of his company's land in the pool, and was well satisfied. Twa of the leading grain men told me they thought the pael would con- tinue, and would give service, though, they added, they thought the extreme claims made for it would be modified. Of course, I met many who prophesied dire ruin for it, I met non-pool farms. ers who had sold their wheat at higher prices than those paid by the pool. I did not meet any of the thousand who, if price records mean anything, had sold for less, Perhaps that would have been toa much to expect, Just what service are the pools rendering, and how far is that service reflected in price returns? In order to understand, it is nec- essary to recall the nature of Wes- tern production and marketing. The West is, for the most part, a one-crop country, apd that crop is wheat. On his wheat crop, the Western farmer depends for his income. Unfprtunately, too, In comparatively few cases has he heen ahle to get ahead sufficiently to wait till he gets his money he- fore he spends it. In most cases, even with the utmost frugality, fall finds him with a pressing ac- cumulation of debts, to meet which his crop must he marketed at the earliest possible moment. There is practically no holding of wheat by farmers, e crop Is dumped on the market quickly as it can he got out, having regard to the amount of help available, weather conditions, The result is seen in a seasonal jamming of seaboard, lakeport and country-point elevators, in the fill- ing of lake vessels with wheat for winter storage and even, as {s the case this year, In freight cars be- EE Government Warning to Truck Drivers and Owners During early Spring, Highways must be i tected y pro and the | THE OSHAWA DAILY TIMES, SATURDAY, MARCH 10, 1928 used for storage purposes, It ttle wonder, when we remem- A that Canada is the largest sin- Sho factor in the export trade of he world, that the season when Canada's crop is thus suddenly dumped into the channels of trade, should generally show a depres- sion in wheat prices. Pool Carries Ovop It is here that the service of the pool to the farmer comes in. It takes his wheat when he delivers it, allowing him a fair initial pay- ment with which to meet his ob- ligations, carries it for him, and markets it in such a way that he receives a fair average of the year's price for his crop. Of course, in any year it is possible for a farm- er, outside the pool, with good judgment and luck, to beat the pool price by holding his own wheat. But, as we have pointed out, most farmers are unable to hold their crop. It is possible al- 80, as members of the grain trade have pointed out to me, for the farmer to sell his grain, in the fall, and use part of tho proceeds to buy futures on margin, Such a praetige, however, should not be encouraged. It is speculation pure and simple, and bears no res lation to the legitimate practice of "hedging" by which grain deal- ers and millers protect themselves. The pool is an excellent form of mutual price insurance, and in touch as it is with world market conditions, and with its selling in the hands of experts, is bound to get for the farmer year by year, much better results than he can get for himself. The Wheat Pool published last fall a chart which shows I think fairly, just what this price-advan- tage was on the 1826-27 crop, This I think it worth while to pre- sent. The line representing the grain trade average was arrived at by taking 'the volume of street wheat delivered at all points In Alberta, week by week through- out the year, multiplying it hy price for the corresponding week, as sent out hy the Western Grain Dealers' Association, adding the results, and dividing by the total number of bushels. It is in my opinion, a completely fair state- ment, and the counter-statement of the Grain Trade, showing the average of weekly prices, but with- out taking into consideration the amount of wheat delivered each week, is no reply at all, even if it be not open to the charge that it is lacking in frankness. The line showing the pool price is, of course, the actual price paid to pool members, The advantage amounts to over be. per bushel, Larger Producer May Get More Of course it is only fair to say that the pool is much more use- ful to the small producer, who sells his erop as street wheat, than it is to the larger farmer, who sells in car lots, and often stores until in his judgment the market is favorable, The latter class may uc ------ Po ---- Excessive weight and speed damage road foundations and road surfaces during wet spring months, Important clauses in The Ontario Highway Traffic Act are designed to protect the roads, both paved and unpaved, from overloading and excessive speed at such periods. Briefly, the law declares that during March and April, on roads outside cities and towns: Solid tired trucks and trailers shall not carry more than half a load; Pneumatic tired trucks and with a trailers, carrying ED I a i o Horse drawn vehicles with a one ton shall be limited to half a load. carrying capacity exceeding The speed limit for solid tired vehicles is set at 15 miles an hour all the year round. The speed limit for pneumatic tired vehicles of more than six tons gross is set at 20 miles an hour all the year round. The ment, or both, Licenses may be ty for overloading at this season is a fine, imprison- also, Highway traffic officers have been directed to be especially vigilant in apprehending all who disobey. Due to the open winter, compliance with these provisions is all the more needful this year, The Department of Highways desires to impress upon truck and the provisions of the law and the serya public Ontario has an jvestment of over $170,000000 in roads and an annual maintenance bill be protected. of $4,000,000. This investment must Ontario Department of Highways The HON. GEORGE S. HENRY, Minister. SESE -- "If it could-- . gL." but it can't if laundry could be done any better or more cheap- ly at home, it would per- haps pay a housewife for the extra effort -- but it can't -- since this laundry has revolutionized the family wash problem in Oshawa. And, further- more, our regularity of service and scientific cer- tainty of methods cannot be duplicated in any home. And--still further --you have five different kinds of service from which to choose, each one taking the wash one step nearer ta completion, Prices are extremely rea- sonable. We have several young ladies waiting to explain our laundry ser- vice to you on the phone. Call today. Phone (88 22 King St, East even be able to beat the pool price by a substantial margin, If, too, bearing this chart in mind, we consider the following table, showing the deliveries of wheat to, and the sales by, the pool of the same crop, it is easy to all how and why the pool is able to obtain better results than the average small farmer. Deliveries Bushels 28,484,500 26,434,164 Sales Bushels 10,417,606 14,814,308 20,481,982 20,123,190 1026 Sept, 15-30 ct. wre Nov. a Bee... 1927 TBH: wears] eb, nes March April May ... June July 7,886,050 . 14,610,641 ¢ 5, A172 ,290,607 7,349,960 Aug. .. E 17,131,482 Sept, 23, 402 14,449,470 This benefit in higher prices is not speetacular, hut is real and substantial. It amounts at most, I suppose, to some five or six cents a bushel. But even this on the two hundred million bushels of the 1926 crop handled by the pool, is a sum quite wort), while, Of course, there is the further advan- tage, shargd hy pool members and non-poolers alike, of the effect of the pool in'stabilizing the market throughout the season. No one knows just what this may be, but it seems certain that it Is very considerable, The pool would be well advie- ed to rest its case on this service, and not to put forward claims which cannot be substantiated, that it does, or can, manipulate world prices, either by itself, or through an impossible world pool, HAD EGG ON VEST TEACHER DISMISSED London, .Ont., March 8.--The decision of the Board of Educa- tion to release C. K, Bluett, math- ematical master, from the staff of the Central Collegiate will not be- come effective without further bat- tle, friends of the teacher declared tonight, Mr. Bluett himself states that he had no intention of quitting his position before the term closes at the end of June, when, under the unanimous mandate of the Board, he must seek another job. Notwithstanding the fact that Bluett is held by his accusers to have been harsh in his class dis- cipline, scores of scholars at the Central Collegiate are reported to have signed a petition this after- noon asking for his retention, Mr. Bluett claims that after 16 years in the service of the School Board here he was merely told that his dress was unsatisfactory and that he was too harsh with the scholars. There was also some complaing that he was known to smoke cigars, he said. Mr. Bluett admits that he smokes cigars, He admits, too, that he is severe in his discipline, taking the ground that students who go at the worl in a serious way should not b: hindered by others who will nc pay proper attention to their stu. ies, He holds this form of disci, line to be only justice to the pai ents and scholars as well. But Mr. Bluett does brand as a "lie" the vital allegation that he offended pedagogic propriety by having egg on his vest, CAISTOR CENTRE MAN DIES OF GUN WOUNDS Hamilton, March 9.--Cecil Sil verthore, farmer of Caistor Centre, who fis alleged to have received gunshot wounds in the head as he took a sack of grain from the barn of a meighbor named Lloyd Tice, died tomight in St, Joseph's Hospital, An inquest will be held, it is stated, and Provincial officers at Dunavyille are investigating the af- fair. Stephen Bygrave, hired man on Tice's farm, is said to have fired the shotgun which resulted in Sil- verthorne's death. But Bygrave told police he fired only to fright- en what he believed was an un- known prowler, and did not dis- | cover the wounded man was Silver- therne until he went to his aid. NEW AUTOMOBILE RATES WILL SHOW MANY CHANGES Tariff Schedule Expected on 15th--Most of Business Will Be at Tariff Rates--Not All Companies Enter Association Montreal, Mar. 9.--~According to rumors current among insurance companies here, the new tariff on automobile insurance rates will be announced next week probably on March 15, The rates are under stood to bring into effect increases in the rates for persenal llabinty, property damage, some collision coverages, and to show a drastic reduction in the rate for theft risks. Two forms of collision cov- erage, namely those with $50 and $100 deductible clauses, show de- creases. Most of the companies which signed the provisional membership admitting them into the tariff as- sociation last fall, are understood to be sticking with the Canadian Automobile Underwriters' Associa- tion, which means of course that they will be writing business at tariff rates and within the tarift fold. However, a number of com- panies will remain outside the as- sociation, but will nevertheless be writing business at tariff rates. Even this will of course be a step in the right direction, as it is the cut-rate policies of the past that have made necessary this com. plete rehabilitation of the automo- bile insurance business in Canada. Of course nothing has as yet been published as to the actual rates which will prevail sunder the new tariff, but from specific schedules that have worked their way out- side the tariff folds, the new sche- dule will probably be something like this: Coverage New 1928 rate increase 8 to 10 pc. 15 to 20 p.c. 30 to 35 pee. 5 p.c. decrease ($50 ded.) 5 ta 10 p.c. ($100 ded.) 20 p.c. Virtually unchanged 35 p.c. Publie Hability -... Property damage .... Collision (full) ... Collision ($25 ded.) Collision Collision Fire Theft DEATH HAS CALLED RODMAN WANAMAKER Philadelphia, March §.--Rodmar Wanamaker, last surviving son of the late John Wanamaker, and head of the stores in Philadel- phia, New York and abroad that bear the family name, died in At- lantic City early today. He was 65 years of age, Death came to Mr. Wanamaker at *'Buckhill,"" in the Ventnor section of the seashore re- sort, one of the five palatial resid- ences maintained by the merchant. His fine estate, '"Lindenhurst," at Jenkintown, just north of this city, was 'home," and to this place the body was brought late to- day to be prepared for burial, In- terment will be in the graveyard of the Protestant Episcopal Church of St, James the Less, at the Falls of Schuylkill, this city, where rest the bodies of his father and mother, He was a firm believer in the tas ------------------------------------------------ The New, Easy Way treat Sore Throats, Cough, Bronchitis, Head Colds, Cat- Tonsil troubles. Use Ms, Sybilla Spahr's Tonsiliitis. Good sults or money back, Sold by a Druggists, To Croup, arrh future of aviation, gave lavishly of his wealth to further this mod- ern method of transportation. He financed the airship America, wrecked in a storm in 1914, when it attempted a transatlantic flight. Byrd's aerial flight to the North Pole and his later hop to France were made possible by Mr, Wana- maker's backing. Mr. Wanamaker became head of the stores founded by his father when the ploneer department store owner died several years ago. CANADA INFORMED Ottawa, March 0.--The Govern- ment was asked in the House of Commons today by James 8S, Woodsworth (Labor, Winnipeg Centre) if Canada had heen con- sulted regarding the British policy in Egypt, "The treaty to which my honorable friend refers," said the Prime Minister, in answering, *'was negotiated by his Majesty's Govy- ernment, representing the United Kingdom and Northern Ireland. This Government was kept inform- ed of the progress of the negotia- tions," CRUSHED BY HUGE BEAM Montreal, Mar, 9.--Crushed be- neath a steel beam weighing 3,000 pounds today in the plant of the Canadian Steel Foundries, Limit- ed, James Black, aged 32, was in- | stantly killed. Where do You Keep Your ValuablePapers? 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