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THE OSHAWA DAILY TIMES, TUESDAY, APRIL 2, 1929 PAGE THREE "ustoms Collections For Fiscal Year 19 = TUSHAVA WOWAN | Latest Financial News - TORONTO STOCK ANGE Toronto, Ont, April 2.--Rgflecting yester- day's reaction on 'Wall Streefopening trans- on the Toronto Stock and the Stan- Mining Exchanges today were made i ing as high as four pots when Sompared with closing qi on Thursday last. Considerable ner was appare the first half hour with trading confined to leading securities traded jon New York markets as well as Cana- pa anges. Intemational Nickel sold ff rapdi ter opening at ing as low as rid where fos it showed a loss of four fines, Similar declines were registered by Noranda, TORONTO STOCK EXCHANGE (Toronto, Ont.,, April 2,--A general recov- toward the noon hour was staged by es generally on the Toronto Stock Ex- change today and with the exception of inter-listed stocks, such as International Ni- ckel, Imperial Oil and Massey Harris, show- slight advances over Thursday's close. irited trading. was lacking and the list was quite narrow. After selling as low as 47, Nickel recovered to 49 1-2 where it showed a net loss of 1 5-8 points, Nickel had a turnover of only 8,900 shares. Massey- rris remained at the morning's low of 7271-2 for a net loss of 5 points, while Bra- gilian declined 4 1-4 points to 58 3.4, Service Stations recovered to 77 1-2, still oft 2 1-4 points, while Imperial Oil was off fractionally at 98, International Petroleum 2 at 56 1-2, British American 1 at 48, Can- ada Dredging 3 at 72, and Walkers 1 1.2 at Gypsum and Alabastine came out 2 1-2 points stronger at 110, while Canadian Oil sold up 2 1.2 to 63 1-4, Canadian Canners, first 2 1-4 at 92, Loblaw 1 to 90, Foothills Oil 50 to 8.00 and Home Oil 25 to 18.25. Goodyear Tire soared 20 points to 295 in and Canadian Bank of Commerce advanced 5 to 338, STANDARD MINING EXCHANGE Toronto, Out., Aoril 2.--Isolated strong spots stood out ¢ icuously in a generally depressed list w.:r the Standard Mining Exchange resumed tudoy after the long holi- day. Losses generally were in a narrow range but were scattered frequently through- out the list while gains of any substance were rare. Pend Oreille was the strong leader of the morning, climbing $2 a share at $13.50 at noon, after soaring past 14. Treadwell on a few sales gained almost a dollar at 12.95 Lake Shore firmed 40 cents at 24.25. judson Bay sagged half a dollar to 18.75 other western issues softened. Ventures was 90 cents lower at 10.60, Big Missouri 10, easier at 1.30, Sherritt down 40 at 8.50 and Sudbury Basin down 55 at 9.70. Hollinger and McIntyre were all fairly steady, Mining Corporation softened 40"at 4.70 and other losses included reces- sions of six points in Amulet at 169, three in Manitoba Basin at 52, $1.50 in Noranda at 54.25, 75 in Dalhousie at 5.25 and eight in Kirkland Lake at 1.08, Small gains were effected in Bigwood at 40' and Malartic at 54. The market on the whole was quiet. NEW YORK EXCHANGE Shorts who had Sverstayed the' market were eager bidders for stocks when the list had established a, definite upward trend. Oils were in the forefront of the advance, many of them scoring gains of 2 to 3 ints. American Express and American lway Express both climbed 1 1-2 points, Adams Express had an overnight rise of = selling at 10 a.m. Byers rose 5 1.4, ontgomery Ward 4 1-2 and St. Joseph lead 4, points. Call Money renewed at 12 per cent. Compared with 10 per cent. yester- FORE! GN EXCHANGE - NY. Doel} om Ex: ange steady; dem rates in cents): Great Britain 484 11-1; Canadian Dollars at 11-1 of one per cent, discount. TORONTO Stock Braz. .. Br. A. Oil 48% 42 22% 36 28 63 98% 56% 49 90 77% 3215 31 98% 71 '8S; Station Hr. Wal, TOO LATE TO CLASSIFY TO RENT -- LARGE FRONT room, furnished. Central. Meals if desired. Phone 1314W, between 6 and 7. (77¢) A BRIGHT 2 ROOMED APART- ment to rent. Phone 1307J. (77c¢) Motor Loans! Same day service Let us re.finance your present contract or advance additional cash at a mo- ment's notice. Courteous and confiden- tial, Our rates second to none. Motor Loans & Discounts Ltd. Room 6, 143; King St. East | Packard Amulet Apex .... Br. Hol. Bath. .. Bedford Bidgood Dal, Oil Clericy 18 Dome .. 900 Gold Hill 5 Bid Goodfish 161% Gra. Bou. 18 Granda. 19 Grdvw. 62 Holl, ., 776 Hm. Oil 1900 Howey 118 Kd. Lke. 120 Kt. Flr. 18 Malar, 54 Mn. Bs. 52 McDoug. Mecln. Mn. Cr. Newbec Nrnda. Pion, 46 Bid Prem. 160 Bid Sh. Gr. 876 Siscoe 76 Stadcna, 9% Sd, Bs. 976 S.W. Pt. 6500 Tk. Hg. 870 Tg. Oks. 8 Bid Tow. 210 Bid Vipond 104 Wr. Hr 190 30 19 65 40 600 -870 16% 16% 18 18 18 62 776 36 5476 870 103 ° 176 180 NEW YORK Stock High Low 2 p.m. Amer. Can. ..121% 119 Atchison ..1973% 197% 197% Balt & Ohio 122% 122% Briggs Mfg. 44% 41% Can. Dry 84 84 Chrysler 961% 93% Congoleum 24 23% Cur. Aero 147% 143 Erie ...... 67% 66% Fam. Ply. 64% 63% Gen. Mot. ..833% 82% Gra Paige 44 42% Gold Dust 62 60% Hud. Mot. 881 86% Hupp «.... 67% It. Com, 1% It. Nkl. ... 49% Kly. Sprgfd. 161; Mt. Ward 121 Mar. Oil .. 44% Mck., Trck. 98 Phil, Pet. 44% Pan, Am. B 55% .. 130% Radio .... 104% Srs Rbek. 148% Sin. Oi ... 41 St. Oil N.J. 61 St. Oil N.Y. 44% Studebaker 8314 Simmons .. 841 U.S. Rubber . 56 US. Steel 1811 U.S. Leather 225; Wiys. Ovid. 27% Woolworth 203% Wr. Aero 263 Yellow Cab 3934 Money 12 per cent. oe PRODUCE PRICES ON THE MARKETS TORONTO LIVESTOCK Toronto, Ont., April 2--~Trade on the Dominion Livestock Exchange today opened slowly with early sales steady. Calves were steady at $15.00 to $1.00 for choice, 5 ogs were firm at $11.75 f.o.b. for selects or $12.75 off car. y Lambs were too small to make a market. Sheep sold at a top of $9.00 a cwt. _ WINNIPEG GRAIN MARKET Winnipeg, Man., April 2--~Wheat: May, 1-8 lower at 125 to 124 5-8; July, 1-2 to 1-4 lower at 12 12 to 12 3-4; Oct., 1-4 lower at 25 1. ' Ots: May 1-4 lower at 51 5-8; July un- changed, at 52 3-4, CHICAGO'S GRAIN MARKET Chicago, Ill, April 2.--Reports of satis- factory progress being made by the grow- ing. crop Domestic Winter Wheat led to early fresh downturns in wheat values to- day. Liverpool Wheat quotations higher than INJURED WHEN CAR GOES INTO DITCH Mrs. Edgar Pratt, Mary Street, Suffers Head In- juries in Crash GALE RESPONSIBLE High Wind, Coupled With too Quick Braking, Caused Accident Yesterday's high wind played hagioc with at least one car on the Kingston highway yesterday when a Chevrolet sedan traveling east rolled into the ditch at a point two miles west of Whitby. The se- dan which was driven by Mrs. Ed- gar Pratt, 496 Mary street was traveling at high speed down a long grade. Near the foot of the grade it is thought that Mrs. Pratt attempted to brake the acaine too rapidly and its velocity com- bined with the power of the wind served to tumble it over into the ditch. Mrs. Pratt was extricated from the car and was found to have suffered head injuries, She was brought to her home here. A Mr. Hall who was accompanying Mrs. Pratt escaped , with a few minor bruises and a severe shaking Ll up. Witnesses of the accident are unable to account for it in a way other than that the driver of the sedan applied the brakes too quickly and dia not take into ac- count the velocity of the wind which helped -to accelerate the speed of the machine. Motorists using the highway yesterday report that the gale made it difficu:c to keep to the road. The sedan is reported to have rolled over several times before it finally landed in the ditch. Chief H. Gunson, of Whitby, was called to the scene and under hs direc- tion the car was removed to a gar- age at Whitby. Considering ne impact with which the machine struck the ditch the damage wun not heavy. Police are looking for another motorist who is said to have been partially th ecause of the accident by cutting in on the Pratt.car. PRICES FLUCTUATE ON WALL STREET Wave of Hysteria Hits Stock Markets -- Call Money Goes Up LL] New York, April 2.--Call money went up and stock. prices went down yesterday as a fresh wave of hysteria swept through Wall street as a result of unfavorable credit developments over the three-day stock exchange policy. Extreme declines in the active issues ranged from $6 to $22.50 a share, but many of these were materially reduced in the brisk rally which developed in the last h of trading. Final quota'ions showed a long list of net losses ranging from $2 to $13.50 a share. Despite a rather steady stream of buying and selling orders, the day's sales were only 4,162,830 shares, or slightly more than one- half of last Tuesday's record- breaking session. Curiously, the best prices of the day were recorded in many in- stances after the call money rate had been marked up to 15 per cent, after renewing at 10 per cent., jdst as Tuesday's recovery reached its peak following the ad- due failed to act as a ing 1-8¢ to 5-8¢c off, Chic wheat rallied er than be- ening a little but then dropped fore. Corn and Ots were also weak, with corn starting at 1-4c to 5-8c decline, and subsequently undergoing a further setback. Provisions showed firmness. DOMINION CABINET WILL MEET TODAY (By Canadidn Press Leased Wire) Ottawa, Apr. 2.--Premier Mack- enzie King returned to Ottawa last night, and will attend a meeting of the Dominion . Cabinet this after- noon. While the meeting is called primarily to deal with the capital case of Aurele Deslise, sentenced to be executed on Aptil 5, it Is anticipated that other matters will come in for consideration ,if not for decision. Expert Beautician Miss Gertrude Stevens Representing Ansehl Toiletries 's here this week. You are invited to consult her on . your beauty problems. --call for appointment. ig Fg owe Jury & Lovell =i | eral reserve brokers' vance in call money to 20 per cent. Accumulation of Week-End Selling The heavy accumulation of week-end selling, which resulted in sevéral 'bunched orders" of 5,000 t0°12,000 shares in the opening dealings, was attributed to the fol- lo g faclors: Senator King's proposed investiga'ion of stock speculation and the suggestions in other congressional quarters of legislation to prohibit federal re- serve member banks from loaning funds to margin speculators; re- vived agitation for an increase in federal reserve rediscount rates, conincident with the beginning of conferences of the governors of the 12 federal reserve banks; the con- troversy over the action of Char- les E. Mitchell, president of the National Ci y Bank, in supplying funds on call in Tuesday's crisis; the disappointment over the fed- loan state- ment which showed a decline of only $144,000,000 as against an increase of $166,000,000 the week before. | OBITUARY | THERESA RIORDAN The funeral of * Miss Theresa Riordan, formerly of Oshawa, who died in St. Joseph's Hospital, Tor- onto, Saturday night, following a short illness, was held this morning from St. Gregory's Roman Catholic Church. A large number of friends and relatives of the deceased at- tended the service which was in charge of Rev. Father Bench. Re- quiem high mass was sung, inter- ment being made in St. Gregory's Chyrch Cemetery. "The late Miss Riordan was in her 29th year and had resided 'in Osh- awa until the past three weeks. She is survived by two brothers, Daniel and Joseph Riordan, both residing in' the city. Fake Telephone Calls, Other Pranks, Mark All Fool's Day All-fools' day is perennial, like the rest of the calendar, so the practi- cal joke merchants had to be busy yesterday .And the jokes they played were of the perennial variety. Per- haps that is all part of the game. The fake telephone call, for in- stance, flourished yesterday just as cheerfully as it did in the days of yore and undoubtedly will continue as long as telephones and April 1 afflict earth together. Loaded cigar- ettes, that popped, in your face when you lit them, were a favorite offer- ing. Normal people who wouldn't dream on any of the 364 other days in the year, of pulling your chair away as you were going to sit down, or indulging in any varieties of child- ishness such as might make the light of murder dance in the eyes of strong men, got a kick out of aiding and abetting foolishness yes- terday, Only they didn't all play a' sporting game in accordance with the rule which declares the foolish season closed at noon. It is a pity that no one knows who took out the first patent on All- fool's day. Apparently it just grew, for its origin is hidden somewhere in unwritten history, unléss one ac- cepts the theory of certain cynics that "April Fooling" had its begin- ning on the day that a lot of Sa- bine ladies were fooled into becoming the wives of Romulus' chief free- booters in the days of Rome's in- fancy. . That is theoretical history but it shows how foolishness persists. BUILDING PERMITS AT END OF MONTH TOTAL §83 870 30 Permits for $61,050 Were Issued Last Month Thirty building permits were is- sued during March, for construc- tion, having a total value of $61,- 050. 'The total for the year is 46 permits, for $83,870. During March, seven permits were issued for new dwellings hav- ing a total valuation of $25,400. Three permits were issued for busi- ness premises totalling $29,600, 5 for garages totalling $700, three for alterations for $3,600, and 12 for other structures totalling $1.- 850. The total value of permits for February, when 29 were issued, was $22,250. [ony mew ERBCT NEW SIGN The Wi.llams Piano Company has erected a new sign on top of its factory, Richmond street, pro- claiming in large gil. letters that the company manufactures pianos, radios and motor boats. ROYAL TEMPLAR MEETING Last Thursday night marked a notable meeting of the Royal Tem- plars of Temperance, Oshawa Council, No. 58. Besides the large atter §.nce of local membership, there were present a number of officers from Toron.o. The visitors from Toronto took over the initia- tion services and ten candidates were accepted into membership. A program of interesting talks and musical items including se'ec- tions by an orches ra composed of Bernard ierney, violin; Jack Whattam, piano and, Lloyd New- hall, trap drummer. Mr, Newhall also sang. Refreshments were served at the close of the evening. PAYS $50 FINE Brewing beer without a license proves an expensive practice as Mrs. Mary Kushnir,, 794 Ri son road south, found out when she appeared before Magistrate Willis of Whitby in local police court this morning to answer to this of- fense. His Worship imposed a fine of $60 and costs or thirty days in jail. Mrs. Kushnir chose to accept the fine. TOWER THREATENED The tower on the old town hall, at Richmond and Simcoe streets, caused civic officials some concern during the high wind storm of yes- terday. The tower has withstood the storms of many years, and in yesterday's wind, it was seen to sway so much that the old fire bell would occasionally clang in an om- inous note, as if warning pedes- trians and motorists to beware of the danger. The men of the fire department, which is housed in the building, kept a wary eye on the tower during the storm, and were in readiness to take any action nec- essary if the tower became danger- ous, but it survived the storm ana was this morning standing as peace- fully as usual. SALT SEAMS FOUND AT PORT COLBORNE (By Canadian Press Leasea wire) Port Colborne, Ont., April 2.-- Salt seams six inches in width and contained in honeycombed rock, have been struck by drillers of the F., F. Fry Company, Limited, To- ronto, contract ware installing sewers here The seams, it is stat- ed, are apparently long and the salt seams f a pue grade. Was Intoxicated Through Six Months Term in Prison Springfield, Mass, April 2. -- Thomas McGregor, 65, told the district court here that he remain- ed intoxicated throughout a six monihs terms he served at the Hampden County jail. McGregor said he drank alcohol used in the prison work shop to shellack chairs. One of the jail officers told the court that the jail did not want McGregor, who was picked up here for drunkenness sent back to the jail. He was released on condition that he leave the city. INSTALMENT PLAN "So you are going to emigrate to Australia! What do you exvect to do there?" "Take up land." "Much?" "A shovelful at a time, to start with, I expect."--Motor Age. FALLING TREE HITS TOPOF GAR MAN IS SLIGHTLY INJURED C. Pauley, Colborne Street, Has Harrowing Experience C. Pauley, 132 Colborne street' east, suffered injuries to his hand from flying glass when half of a tree crashed on top of his car when he was driving on Simcoe street north, in front of St. Greg- ory's school, late yesterday after- noon. Mr. Pauley was driving south on Simcoe street when the accident occurred. The tree was an old one standing on the west side of the street. The whole east half of the tree, which was dead, was torn off by the high wind and crashed down on the car. The top of the car was practicglly torn off, and he windshield and other glass in the car was smashed. Mrs. Pauley and Mr. Pauley's nephew, Orval Thatcher, who were in the car, escaped serious injury but received a severe shaking up. IMPROVE SERVICE FROM HALIFAX PORT Cut Much Time Off Voyage by Developing Port of Galway, Ireland Halifax, N.S., April 2.--The ar- tic'e pubished recently in the Lon- don Daily Bxpress, stating that United S ates, British and German railroad and shipping magnates were considering a scheme to make Halifax a distributing centre for imports into the United Sta'es and to develop the port of Gal- way, Ireland, as a receiving depot for Europe, created great interest here, The proposal is designed to establish a faster steamship ser- vice across the Atlantic thus ex- pediting and cheapening the pre- sent service Galway is 340 miles Beater than Liverpool is to Hali- ax. Col. James Fitzmaurice, of the trans-Atlantic plane Bremen,. has resigned as head of the Irish Stata Air Force to devote himself to the plan. "It is solely due to this develop- ment that I resigned my position," he said in the Daily Express. "When I was in America the rail- way directors of the middle west discussed the development of fas- ter transportation to Europe. They pointed out to me that Halifax was the natural outlet for the great manufacturing districts of Detroit, Chicago and Cleveland, and the granaries of Canada, but what was gained one way was 34 KILLED AT WORK RECORDS IN TORONTO SHOW (By Canadian Press Leased Wire) Toronto, Ont., April 2.--Thirty- four men were killed at work in Ontario during March, 1929, ac- cording to the monthly report of the Provincial Workmen's Com- pensatin Board, issued yesterday. During the first three months of this year, indsstrial accidents numbered 19,064 as compared with 16,337 in the first three months of 1928. During March, 1929, accidents numbered 6,236 as com- pared with 5,711 in 1928. Benefits paid during March this year amounted to $1,926,731 as compared with $1,885,807 last Year. 318 Nominations ; Received for Stanley Produce Stakes, 1932 Toronto, Ont., April 2.--The On- tario Jockey Club announces that 318 nominations were receivea ror the Stanley Product Stakes which will be run in 1932. his is an in- crease of 56 over last year's nomin- ations and shows the healthy con- dition of the breeding market. Willis Sharpe Kilmer is the leads ing nominator with 35, with the Idle Hour Farm second with 31. The Government of Quebec will spend an additional $500,000 for the encouragement of agriculture during the coming year, it is announced. Nearly $2,000,000 was spent on agri- DEALING IN CREDIT SUBJECT OF BANK'S GENERAL MANAGER J. P. Bell, Prominent Exec- utive of Bank of Com- merce, Speaks Here BANK'S LOAN POLICY Formidable List of Questions Asked by Bankers Is Given The subject of eredit was dealt with fully at the Rotary Club week- ly luncheon yesterday by J. P. Bell, former general manager of the Bank of Hamilton, and now man- ager-in-chief of all the Bank of Hamilton and several other branches of the Canadian Bank of Commerce in Ontario, Mr. Bell was introduced by Ma- jor E. C. Hodgins, manager of the Standard Bank branch of the Cana- dian Bank of Commerce here, and following his address a vote of thanks was moved by A. G. Storie. During the business session, Roy Wilmot was received as a new member of the club. The sub-| stance of Mr. Bell's address, which was -entitled 'Dealing in Credit," follows: Dealing in Credit Banking is an interesting pur- suit. There are different functions of a bank, such as a safe depository for deposits or securities; an is- suer of currency; a dealer in ex- change and money; a dealer in bonds 'and securities; a dealer in credit or loans. Banks are forbid- den to deal in goods or engage in trade; lend money on lands or goods or bank shares. They may take as additional security mortgages on lands or goods to protect old loans, There is a very prevalent misun- derstanding as to the basis on which a bank gives credit, and you often hear comment made that cer- tain concerns had to go out of busi- ness because the bank would not lend them any more money, where- as it was really because the means of the proprietors were exhausted and the necessary capital was not forthcoming. Our modern industrial system, with its rapid interchange of com- modities, would be quite impossible if it were not for the facilities af- forded by the banks. Before they existed people, even in this coun- try had to resort to barter, and take their wool, hides, and butter to the stores who supplied them with boots and shoes, clothing and imple- ments. If a man were a manufac- turer of umbrellas, he might once pay his workmen their wages by giving them each an umbrella, but |e if the workmen are to spend their wages they must either sell the umbrellas or receive from the make er a power to transfer his debt to others. The solution of thig diffi- culty involved the intervention of a dealer in debts, that is, a bank. In its simplest form an umbrella manufacturer delivers his umbrel- las to certain shop keepers and draws his drafts upon them, which the bank discounts or buys, and this furnishes him with the funds to pay his workmen. , Loans But in the great complexity of business, and the multitude of com- mercial activities with which we are now surrounded a bank is also called upon to make direct loans to the manufacturers, as well as to the farmers and cattlemen who are engaged in agricultural production, and to the wholesalers and jobbers who are engaged in the distribu~ tion of goods. These are the legi-~ timate uses for bank accommoda- tion, but it is astonishing how manly people seem to think that it is not a bank's business to enquire as to the purpose for which the money is going to be used if the credit of the borrower is *good," or the se- curity sufficient. And yet the bank is the custodian of the people's wealth and must as a trustee see that its funds are used for proper purposes to avoid too many non- banking loans, which might on the face of them be safely secured, but are for speculation in stocks or real estate, or for personal extravagance. It is also no part of its business to lend money to build factories and install machinery, and thus lock up its resources, unless it has been definitely agreed and if pos- sible arranged that these advances will be repaid, either by the plac- ing of a mortgage or the issue of bonds, and certainly they must never be sufficiently encouraged to be at the expense of the legitimate the bank funds. a the banker is called upon to consider an application for cre- dit there are three fundamentals to be considered. They are character, capacity and capital. The first two might be called the moral risk, the last the physical risk. Questions a Banker Asks ; In order to show the variety OX points on which the banker shoul satisfy himself, the following is & (Continued on Page 2) Californian Wins Today's Bunion Derby (By Canadian Press Leased Wire) Philadelphia, Pa., April 2.--Troy Trimble, Bakersfield, Calif., who finished 15th iny esterday's leg of the Bunion Derby, was the first to finish today in the run from Mor- rsville, Pa., to Philadelphia, .20 and 3-10 miles. His time was 3.- 38.40. Herbert Hedeman, was second in 3.39. Guisto Udk, Italy, finished third in 3.45.20, and Paul Simpson Burlington, N. C., who was first yesterday, finish- New York, culture by this government during the year ended June 30, 1928, . = ed fourth. His time was 3.50.12. 28.29 Total $9,132,603 Total Customs Returns For Port of Oshawa Rank As Second Highest Year A. A. Slyfield, Oshawa, Speaks to Ontario Librarians Today ( 1 to The Times) Toronto, Apr. 2.--A, A, Sly- . Meld of the Oshawa High School, today told something of the methods used in getting High School girls and boys to read, in an address before the conference of Ontario Libra- riang at the Toronto Refer- ence Library. He claimed there was no system of supervisea reference reading and that a questionaire showed Ontario many years behind the times, MEXICAN ARMIES RESUME CONFLICT (Continued from Page 1) the state of Sinaloa, where the only other fighting of consequence is taking place, Federal troops dis- lodged the rebel army from fortifi- cations at Limon and forced full retreat northward toward Quila and Culiacan, more than 100 reb- els were killed. Aside from Chihuahua and Sina- loa, another Federal campagn took some definite shape yesterday. This was in the States of Jalisco, Dur- ango, Coahuila and Guanajuato, against what the Government has clled ""Cfisderos" or "Catholic reb- els," mgpvement prior to( Egtobar-Aguirre Rebellion. Govern t reports said these had taken advantage of ther evolution to occupy various ungarrisoned towns and that General Saturnino Cedillo would be ready within a few days to start his movement against them. Held in check by stubborn.rebel resistance after a heavy day of fighting for possession of Jimenez, in Chihuahua, powerful federal forces today were poised for an- other onslaught against the insurg- ent stronghold. Contradicting federal reports of a partial victory in yesterday's bat- tle, the rebels claimed a sweeping victory at Jimenez during which in- surgent forces drove southward for a distance of 20 miles. Along the west coast, the rebels were reported in full retreat after a disastrous battle in which they were said to have lost 100 dead, 50 wounded and numerous prison- rs. For the first time since the out- break of the revolt five weeks ago, the revolution appeared entering a decisive phase, the battle for Jim- enez being the most extensive thus far reported. Lengthy Conflict For fourteen hours Monday the battle raged and when late after- noon set in the federals ceased fir- ing to draw their lines for resump- tion of the attack today. At that time they claimed posses sion of part of Jimenez with the rest of their three-mile battlefront appreciably nearer the important railroad point. No definite estimate of the cas- ualties was available, each side stating that hundreds of the enemy had been killed. Artillery, aeroplanes, and mach- ine guns were used extensively to support cavalry and infantry ad- vances all along the line. About 10,000 federals and 5,000 rebels were reported to have participated. Lieutenant-Colonel Roberto Fi- erro, noted American flyer, reach- ed. the federal lines after being shot down by rebel fire Sunday. He was given a new plane to take up a search for a companion still miss- ing. Renewed Attack General Calles, announcing that the 'attack would be renewed to- day, reported that bridges north of Jimenez had been burned by Fed- eral detachments thus cutting off any rebel retreat. : Naco on the border, was tense as rebel troops threatened again to open an attack against the defend- ing federals. Rebel planes have bombed thetwo four times within the past two days. General Escobar, rebel command- er in chief, resumed his attack on Ambassador Morrow charging him with, being the representative of "the house of Morgan." In Full Retreat Maztlan, Sinaloa, Mexico, Apr. 2, --The rebel West Coast Army was in full retreat northward to Quila and Culiacan today after a disast- rous battle which cost them their advanced positions, more than 100 dead, fifty prisoners, and many wounded. {Their retreat was a complete rout, with many of their troops d abandoning houses, arms and sup plies in their haste to get to the comparative shelter of the woods. The encounter occurred along the Camino Real --the old royal high- way--relic of the Spanish occupa- tion. REORGANIZATION OF BRITISH EMPIRE STILL CONSIDERED (By Canadian Press Leased Wire) Montreal, Que., April 2.--Reor- ganization of the financral struc- ture .of the Brtish Empire Steel Corporation is still under .consid- eration and-it is hoped a plan will be evolved that will be acceptable to most of the bondholders and sharehlders, C. B. McNaught, pres- ident, said at the 'annual meeting of: the Corporation here: today. - existing long' Lower Import Duties on Cer- tain Commodities Figure 'Largely in Decrease of $1,- 447,688 from Last Year's Record FIGURE MUCH HIGHER THAN IN MOST YEARS Comparison Given by: Months With 1927-28, as Well as a Table Showing Total Receipts for the Last Eight Years Customs collections for the Port of Oshawa for the customs year, ending March 31, totalled $9,132,- 603.20 a decrease of $1,447,688.31 from the total for the previous year. The decrease is partially ex- plained by a lower import: rate on certain commodities and the fact that 'there was a decrease in the volume of imports. Customs collections for the month of March totalled $1,128.- 051.20 an increase of $299,131.85 over the previous month and a de- crease of $962,95 from March, 1928 Although behind the fiscal year of 1927-28 the returns indicate that the year just ended ranks sec ond in Oshawa's history from a customs standpoint. An interest- ing comparison of the figures for each of the past eight years is given below. 1921-22 ... ne cee $2,901,207.19 1922-23 5,663,787.32 1923-24 6,227,728.59 1924-25 4,553,181.84 1925-26 8,084,421.30 1926-27 8,926,785.84 1927-28 10,553,707.80 1928-29 9,132,603.20 gives the re- The following table turns for the various months of the fiscal year in comparison with the same months for the previous fis- cal year: 1928-29 1927-28 April $ 115,711.21 $1,190,503.24 May 1,172,893.11 1,215,496.61 June 913,726.98 1,182,602.54 July 876,071.99 976,767.97 August 710,194.40 826,663.02 Sept. 582,744.45 757,666.80 Oct. 411,318.72 725,441.50 Nov. 322,074.28 452,292.76 Dec. 459,510.91 522,677.55 Jan. 576,386.60 692,618.30 Feb. 828,919.35 882,083.38 March 1,128,051.21 1,129.114.15 EDUGATION BODY MEETS IN TORONTO Sixty-eighth Annual Meet- ing Will Likely Last Half a Week (By Canadian Press Leased Wire) Toronto, Ont., April 2.--The 68th annual meeting of the On- tario Educational Association starts here today and will last, two or three days. This evening the delegates will be addressed: by Hon. G. H. Ferguson, Premier of Ontario, Sir Robert Falconer, President of Toronto University and Dr H. M. Tory, President of the National Research Council at Ottawa. Salt Seams Found Salt seams six inches in width and contained in honeycombed rock, have been struck by drillers of the F. F. Fry Company, Limited, Toron- to, contractors, who are installing sanitary sewers here. The seams, it is stated, are apparently long and the salt seems of a pure grade. Born CONVOY--To Mr. and Mrs. L, Convoy, 174 Arthur St, Sat- urday, March 30th, a daughter. J (77a) Coming Events 8 Cents per word each ime - eertion. Minimum charge for each insertion, 35¢. A ROYALTY COMEDY PLAY "Take My Advice" by Maple Grove Players under auspices of Ladies' Aid Group, King Street United Church, Tuesday evening, April 2, Admission 25 cents. (74d) MADAME ROSE, PALMIST, AT 21 Maple St. Phone 2372F, Hours 2 to 9. (T.T.8. tf) RUMMAGE SALE AT MARKET, Friday, 2.830 p.m. St. Andrew's. (77-79) DON'T FAIL TO SEE "HEAD. strong Joan" at tho Rotary Hall, Wednesday, April 3, 8 p.m. 26c. (77b) A EUCHRE IN THE OSHAWA Club Wednesday, April 3, at 8 o'clock. ® (77a) RUMMAGE SALE IN ST. 'George's Parish Hall, Centre St, Thursday, April 4, 2 p.m. (77b) BIRTHDAY PARTY, HOLY TRIN- ity Church, Court St., Wednes- day, April 3, 7.30 p.m. Refresh- ments intermission. Program are ranged by Wal er Jackson Or ganist, Dancing. Admission taken at deor. © (79%)