Halton Hills Newspapers

Flesherton Advance, 7 Nov 1934, p. 3

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J FINANCIAU London Predicts Higher Silver Prices A report from Lon.lon, England, states that China's decisive action to check exports of silver has thrown the far Eastern t-xchange position into a state of confusion. It comes, of course, as the climax to a sen-j of unsuccessful representations to the United State.' Gove; rrr-nt to modify its â- liver buying policy and may well have far roachinp; result^. What those results may be cannot yet be -au?ed with any dearree ol accuracy, but some immedirfe effects can be stated. The sterling value of the Shant^hai dollar has dropped since last Monday by more than 14 per cent, while the official rate at which sterling is now quoted -s •ijuivalent, with equalization charges for export duty, to approximately 'Jli per cent. This of cour.»e, is quite prohibitive, and the Chirese (.lovernmcml has achieved its objective, stopping silver t^xports in one bouno. The check imposed upon China's export trade by the rise of silver anci consequent appreciation of the Shanghai dollar was an impoi'^ant aspect of the situation in the Kast ignored by silver enthusiasts in the United States, although the Washington administration must have had ample warning ot what might happen long before it finally decided upon its own silver policy. China in effect is now off the silver standard and i? one of tne coun- tries with a managed currency. (Jhina is fighting resolutely to avoid a cur- rency crisis and maybe she has taken the correct action, but for the time being something like chaos exists, and how the situation will finally develop cannot be now estimr/tod. It has been suggested that China mi.trht be driven to adopt the gold standard, but such a sten appears extremely unlikely now. It seems to be established, however, that the argtiment that prosperity would be restored to the Kast by a rise in silver is fallacious. As there is now no direct tie between .silver and Shanghai excnange silver is mo^^ng indepen<'er'lly. Within one month it has advanced 3d, or about 14 per cent, in that period speculation has become world-wide and has been based on the belief now confirmed that China would be forced to place an embargo on silver exports, thus removing one of tne large.-^t sources of supply. The wide fluctuations now occurring clearly indicate extensive specu- lative position, which is more likely to be maintained or even increa-ed rather than checked by China's action and the evident determination of the United States to continue its purchases. Still higher prices are regarded as likely, although the heavy bull position will from time to time cause taharp reactions. Brazilian Traction Gross earnings of Brazilian Tract- Ion Light and Power Co.. Ltd, for the month of September are reported at 12,677,724 aa compared with |2,450,- B69 and net earnings were ^,435.170 against $1,388,923 in the previous month. Aggregate gross earnings for the first nine months of the current year amount to $22,510,047 as com- pared with 131,382,167 in 1933. WHAT TO DO ABOUT 'Acid Indigestion' A WAY THAT RELIEVES THE CAUSE IN A FEW MINUTES B.E.A.R. Latest reports tiom the Bear Ex- ploration & Radium Company, oper- ating in the Great Bear Lake dis. trict, state that the raise being drl- Ten to the surface is up 27 feet with about 60 feet to go. The raise is go- ing up in rock adjacent to the vein and when completed a beadframe will be erected and the opening used as a shaft. Sinking to the 300-toot level will then be resumed. On the tunnel and first levels sdveral bun dred feet of drifting has been done on the vein which shows high values over good widths. The company has supplies on hand for the next season, all paid for and has sufficient cash In the treasury to take care of the development cam- ' palgn planned for the next year. i INDiGESTiaN? Then Try KRUSCHEN at NO EXPENSE If you suffer from U.is of apprtite, indisenion, sour stotiiath or a m^sjraiJe f.:elixiS alter meuls tiierc's nulii.ng like Kruschcn for relief. Thr little daily dose of Kruschen first stimulates tiic flow of goitric juices to aid d;;P:lion. and theo en ures a comjilcte, re-ul:;r and unfail- ing elijcination of ail waite mailer every day. If you suffer, you'll welcome the op,Tortu.nity to try Kruschen Sdis now po-itiveiy free of charge .Ask your drug- gist for the Krusciien Giant Package. This is the Recular botUe. tnceiher with a Separate FREE TRL\L boille. tse the Trial bottle first. Then if you are not entirely convinced lliat Kruschen will do everything claimed for it, return the ReRulur package unopc.ied to your dru^TSist and he will redeem it at f;ill value. But act quickly or your Free Trial Bottle will be gone. Your druggist has only a limited supply. New Zealand Seeks Market BIG BUTTER SURPLUS â€" DROP IN SALES FOUND PERIL TO NATION'S FINANCING Moderation Best Honey is delightful, but too much breeds cholera and disease. Fvagrani flowers are sweet to smell, and, mode- rately used, refresh the brain, but ex- cess causes headache. Light is pleas- ant to the eyes, but too much staring into sumbeams dazzles or blinds them. Moderate joys and delights are ever best, least hurtful, most contentful, and comfortable to our spirits, where- as intemperance, immoderateness and excess mar all pleasure and del'ght, though themselves never so pleasant and delightful. â€" Spencer. Wellington, N.Z. â€" Unless early and effective mea.'iures are taken to res- cue New Zealand's dairy industry trum its p.eenr state, there will be a general breakdown in financial re- lations between mortgagors and mort- gagees making it impossible for New Zealand to meet overseas debt Inter- est charges, it was declared in the report of the Royal Commlialon which made an exhaustive enquiry into ;he dairy Industry. Conditions confronting the dairy Industry have assumed the propor- tions of a national crisi', the report declared. It mentioned that the Brit- ish market was being flooded by tlie subsidized dairy produce from coun- tries of the northern hemisphere, and .Australia was also increa-'lng ber dajry output. Among other things the oommia- siun suggested that alternative mar. kets be found outside Britain tor New Zealand's produce. It urged early approach to the government of the United Kingdom in order to arrive at a preliminary understanding and provide the basis tor future negoti- ations. The government should also make available at low rates ot In- terest to farmers and dairy produc- ers sufficient funds to eniaibia the modernization of farm and factory equipment and appliance', the report urged. Pet Peeves The expression "O.K." Has come here to etay, "Tia English the way she Is spoke; But I long for a chance To kick in the panta Those sweet young things who cut It to "Oke." Fisherman: â€" "I tell you It was i that long! I never saw such a fish!" i Friend â€" "I believe you. " The "Queen Mary" Many people who think they have "weak stomachs" or "indigestion," doctors say, suffer in reality from nothing more serious than acid stom- ach. And this common ailment can usually be relieved now, in minutes. All you do is take familiar Phillips* Milk of Magnesia after meals. This acts to almost immediately neutralize the stomach acidity that brings on your trouble. You feel like a new person I Try thb just once. Take either the familiar liquid "PHILLIPS' ". or the nem Phillips' Milk of Magnesia Tablets. But watch out that you get the Genuine PHILLIPS' MUk of Magnesia. Made in Canada. ALSO irt TABLET FORM, PbiUips' Mnk of Magnesia Tab- lets are now on lale at all drug Mores tvcrywhcrc Each tiny taUet is the tquivalcnt al • taaspooof ul of Genuine FhiUipa' Milk at Magnoia. Phillips^ Men who go to conventions leaT» Itth the very best of Intentlone of at- â- Qdlng at least one session 4S Ontario Gold Production Up Production from Ontario Gold Mines in the first nine months shows a gain of approximately 41 per cent as compared with the same period in 1933. Figured In terms of Canadian funds, output for the period amounted to ?52,29S.353 as against $37,047,850 last year. The Kirkland Lake camp still leads the way in point of value with total for the nine ruiUhs ot 125,771,430 as compared with Porcupine's $24,440,- 889. North western Ontario figures went over the two million dollar mark an Increase ot around 80 per cent over the 1933 figures and from now on It would seem likely that a steady increase in production may be antic- ipated from this section. Wright Horgreaves Mines In its report (or the fiscal year eding August 31st, Wright Hargreaves Mines Ltd. shows net surplus tor the year of $3,836,131 which to equal to nearly seventy cents per share. Tt>- tal production for the year amounted to $8,797,579 and 330,741 tona ot ore were milled with an average ralue of $11.68 and recovery ot $13.07 per ton- After providing (or dividends for tke year, including the one paid on October 1st, surplus carried forward amonnted to $3,420,875. Wcrtem Canada Flow Report Net earnings ot Western Canada near Mills Ltd., and its subsiduaries The Winter Protection of Cod Liver Oil PLUS A GREATER RESERVE OF VITALITY Winter is a dangerous period for many of us. The cold end wet are constant mcnaccf to health, requiring all our energy to combat. Scott's Emulsion gives you neater Winter protection because it is an Emulsified CodlAver Oil in a solution of bo^y building hypophosphitcs of Ume and soda â€" PLUS values you get in Scott's Emulsion of Cod Liver OiL 4A scorrs EMULSION THE COD LIVER OIL WITH THE PUIS VALUE ForSaUby Yotu-DnitgUt The "yueen Mary " has been successfully launched. Biit activ- ity still surrounds her. Seven Turbo-generator sets, developing 10,000 kilowatts and forming the greatest power station afloat, will be put in position. Three gigantic funnels, measuring 30 feet in diameter and 100 feet in circumference, fifteen months later will be placed. Simultaneous with this, work is under way on the deck coverings, the ventilating system, erection of cabins and public rooms, laying of teak decks, building of compenionways and ladders, erection of detk machinery, etc. So it would seem that the launching, while oi great interest to the public, is only one of the many details when a great ship is in the making. for the year ending August 31st am- ounted to $275,302 as compared with $286,166 in the previous fiscal period. Increased deduotions for depreciat- ion and bad debts, however reduced the earnings per preferred share to $4.0< as against $4.73 last year. Working capital showed a small in- crease at $965,468 while inventories were up at $1,966,602 an increase of some $342,000. Accounts receivable were reduced to $627,029 as compared with $669,220. Bank loans and ac- counts i>ayable both showed increases at $779,000 and $931,872 reepectlvely. Noranda Rumors Spiked Rumors which were said to origin- ate in New York regarding Canadian copper mines, were promptly given official denial, Insofar as Noranda waa concerned. Mr. J. Y. Murdoch, the President stated that the company has its copper sold in advance and that it is tar ahead in Its sales. At the mine monthly production is running at the rate of about 6.000.000 pounds of copper and gold output is around 19,000 ounces or better per month. It Is estimated that gold pro- duction Is worth approximately $700,- 000 per month at the present price of gold. It seems likely that another divi- dend declaration can be expected when the directors meet early in November. To date this year $1.00 a share has been paid while last year total dlsbursments for the year were $1.60 per share. With profits said to be running well over $2.60 per share daring the current year It would seem Ukely that at least as much as last year may be anticipated before the year closes. If you want to feel WONDERFULLY BETTER Jxike fxcAunn THE .GREAT TONK THAT SOOTHES NERVES ENRICHES BUOOO BUILDS NEW VIGOUR Al «ll 90od Drug & D«p». S»Of«« S*l<s Asents Heiold F Ritchie Co Ltd., Totonio .") For Scalp and Hair Health To h»T« b««uUlal h»ir ytm niu»t have • ST wajp •» weU u the htxr. tti« eotir«l.v d*. l««i»tooUMr.b»mpoo.. It oombiuM O.*"â„¢ ^tim <LDd MER So«p to luc<^«l«lul (m th. â- n o< MKR aH.\MPtX> kt dru« "ddwl. IS^-enitMh for '•'"•.•^P?^ "â- ?„"* *t •oft rerluiiMd Uther well into the ecalp. i A young man who had received his diploma had been looking around suc- cessively for a position for smploy- ment, and for a Job. Entering aa of- flce, he asked to see the manager, and while waiting he said to the of- fice boy: "Do you suppose there is any open- ing here for a college graduate?" "Well, dere will be," was the reply. •^ de boss don't raise me salary to free dollars a week by termorrer night." A kindly but somewhat patronizing landlady Inquired of the young bride a« to how she would spend a certain holiday. "Our plans so far," replied the bride a little distantly, "are tentative' "Oh how delightful!" exclaimed the landlady. "I'm sure you'll enjoy eamping out more than anything else you could do." The fact that fish cannot close their eyes Is the only thing that keeps them from winking at some of the anglers. Boy Friend â€" I bet It I kissed you, you would yell for help. Girlâ€" Not unless you needed it. Itlm Starâ€" "Oh, are you the yoWf man from the Literary Agency vk* propose* to writs my autoblographyT Toung Manâ€" Yes please. And Vy* callled to obtain a few facta nim Starâ€" "Good Lord! I doat want any facts in it. Teacherâ€" 'Tell me what water IsT" Bright Scholar â€" "Water is the stuS that Mirns black when you put yov aands in it. If we remember correctly, the next war will be brutal," we are re- minded by British Ai-my experts. Well the last one was considerably more than mildly annoying. Admiring Friend â€" "I'll bet that dog of yours is a game one. He looks like he would tackle anything. Owner â€" "Well he certainly made six dogs run faster than they ever did before. Admiring Friend: â€" How did he ma- nage that?'' Owner â€" He ran, and the others ran after him. Classified Advertising PATEVTS AN OFFEK TO EVERV l.NVKNTOa List of wantea inventions and full information sent free. Tli* WnmfiT Company, World Patent Aiiornt;ys 271 tiaa'd Street, Ottawa. Canada. BZXiTSB BIiOCX rOX PUPS SILVER BLOCK for puijs. pure bred, prolific strain. Higli p.-oductlon, slreU by large polygamou^> dug^. Rouch formerlj.- registered. Prices reasonable. Write or phone R. F. Clarke. K.R. 2. Truro, N.S. CAKASiaJir BTAJfPB 100 DIFFERENT. S;m.. v.;. Mor- rison. 1.133 fur.iius r^t.. London, FULL leavening power is assured with Royal Yeast Cakes. Indi- vidually wrapped in air-tight waxed paper, they reach you in perfect condition. And they stay fresh for months. Pro wonder Royal Yeast Cakes have been the standard for over 50 years. Todayâ€" they are pre- ferred in 7 out of every 8 Canadian homes where dry yeast is used. FREE â€" The "Royai Ytast Bake Boot" to Dte when you bake at home. 23 tested recipes â€" loaf breads, rolls, buns, coffee cakes! Address Standard Brands Ltd., praser Ave and Liberty St., Toronto, Ont. Ask, too, for leaflet, "The Royal Road to Belter Health. " Bay Made-in-Canada Goods f *♦*>><. . iMue No. 44â€" '34 ART CONTEST TEN PRIZES are being offered to amateur artists in a sketching competition. Here is a splendid opportunity for anyone witti a mere preliminary art experience to receive a prize and individual art training;. Send a three cent stamped envelope for full information- Ideas Unlimited Thirty-Nine Lee Avenue, Toronto, Ontario H»«4

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