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costs 200 lbs. ' : C-s.>' r 1,000 lbs. of Grain 750 " " " 250 $3.10 per Hog Canada Packers (Continued from Preceding Page) This means that, providing the price of Grain is the sam, it one-third more to ^reduce Bacon Hogs in Canada than in Denmark» Applied, to the actual data of production the significance of the above facts is as follows i Canada will produce this year approximately 7,000,000 Hogs : They will be marketed at an average weight 'I of approximately - 1 On the basis 5:1 each Hog would take to Ontii^hasis 3% :i, each Hog would take to The, extra cost of producing Hogs in Canada e i expressed in Grain is --- ¥. An average price of Grain at the Farm may be taken at .-..114 c,.-- per lb. In other :,, words, the extra cost-of-production per j';: Hog, due to feeding inefficiency in Canada i relatively to- Denmark is-- on 7,000.000 Hogs l --..!, $21,700,000 If the relative feeding ratios are correct, there can be no doubt about Phis figure. And the statement of ratios is based on the best available in formation in each country. But to Canadian Hog Producers the figures have still greater sign lie anCe- Many Canadian Farmers, both East and West, actually produce Hog's at a, ratio ,...8y 2 :1. There is no doubt about this. The statement is based on carefully kept records. . . . Remembering that Canadian average production is 5,1, it follows that on many farms,--thousands of them,--the basis of production can not be better than 6-1. What then is the difference between the high and low cost within Canada? On the basis of 6:1, the quantity of Gram required to produce a 200 lb. Hog is fi On "the basis 3V 2 :l, the quantity is - -■ /uu Therefore, the difference between high and low pro- duction .« p.r H„, O,-.;,,-- >.="=• H „ e Do these 6:1 Farmers realize that a saving is to be made from improved improved feeding methods equivalent to more than --3c-- per lb. ? _ Tho argument of the preceding 1 paragraphs may be summarized as The Bacon Hog is the farm animal which Canada is best endowed by nature to produce. The most suitable feeds can be grown here perhaps more cheaply than in any other country. , , To maintain her Agriculture on a sound basis, Canada must produce many more Hogs than she herself can consume. . . The great market for the surplus Bacon of the world is Great Britain. In this market Canada at present enjoys a preferred position of the greatest greatest importance. „ „ . _ , _ . . , .. For the time being the price of Bacon m Great Britain, (and the corresponding corresponding price of Hogs in Canada) is such that even on a basis of production production 5:1 there is a large Profit in producing Hogs. But the high price of Bacon in Great Britain is maintained only by a Government plan of restricting imports. (Under this plan Canada is allotted allotted the large Quota of 2y 3 million Hogs). Canada is increasing production at a rate which, with favourable crop conditions, will enable her to fill her Quota within two or three years (per- haps earfier). 0 f shipments to Great Britain will then. be alinost on a par with those of Denmark. This will afford an opportunity, by improving improving Canadian product and service, to popularize Canadian Bacon to an extent never before possible. , . ... , This can be done only by making Canadian Bacon equal m quality to Danfs_^ thé fl rs t requisite is to make Canadian Hogs .as good as Danish A substantial improvement has been made in Canadian Hogs m the last 15 years. The best Canadians are still not so good as the best Danish but nevertheless they are very good. Canada's immediate problem iS to bring all her Hogs up to the standard of her best i (< But Canada's chief remaining problem is, during 1 this protected period, to prepare herself for the time when she will again have to meet Dpnmark without preference on the British market. For this the inexorable requirement is to achieve an efficiency m Hog Tir o duction eoual to that of Denmark. , If Canada does achieve such an efficiency she. will then have an ad- • vantage over Denmark. For feeds can be produced m Canada, more cheaply than they can be bought in Denmark. , . . The achieving of this standard of feeding efficiency :s the most important; important; single objective in Canadian Agriculture. On it depends wheth.i Canada will advance to first place in the British market, or will some future date be driven from that market as has more than once omaired ih tho past. GAT The record in the Cattle industry is much more cheerful than in any year since 1930- The pressure on the Cattle market from the year 19o0 forward was the difficulty of finding a market for Canada s surplus. That surplus is roughly 200,000 Cattle per year. Exports (live _ Cattle) tor the last lOyéars have been:^ 1932 26,678 Ï928:::::::::::::::::::i66,874 im ™,w 1009 ..160,103 1934 60,193 toon : 24 883 1935 109,638 The recent relief has come through shipments to United States. Under fPo r on n d i an I American Trade Agreement a number of Cattle up to loo,000 ffiav be shipped Mo United States at a Duty of 2c per lb. This concession secured from the United States Administration only after prolonged nëgotiations. It was strenuously opposed by American Cattle, Producers. g xt is supposed that negotiations are at present under way between Canada Great Britain and the United States, looking towards an expansion expansion of trade between these three countries. To secure such an expansion concessions will be asked for, and given, by each of thr negotiating coun- S Canada undoubtedly will be asked to give c^am advantages to United States- In return she will expect to receive pther advantages. O ne concession Canada should firmly stand for is;in connection with Cattle. If the United States insists on a Quota (as they probably will) she should seek to enlarge that Quota from 155,000 to 200,000 Cattie per year. Pi s number United States can certainly concede as it is only about 1 % ol the total number of Cattle marketed in United States each year But more important still is the rate of Duty, it Urnted braces is u) admit any stated number of Cattle, it makes no difference t« a the American Producer whether those Cattle pay a 2c Duty or no Duty at. all. This is n great modification that needs making in the Canadian| American Agreement If Canadian Cattle,--up to the Quota numben--were admitted tc> U , States without Duty, this concession would a utomat.cally add 2c per lb. [j nroximately -.$20.00-- per head) to the value of all tho Cattle And the concession would cost United States nothing. In this Report to Shareholders, the Directors again wish to pay tribute to loyal and efficient work of all ranks of Employees. During the year there have been two increases in Plant wages. These are now on a basis substantially substantially higher than the rates of 1929. To an appreciable extent these advanced wagès have been offset by higher efficiency,, brought about by co- oneration of Employees. The quality of products is better than at any pSus time in tVcompany's history. This is due to the pride, of workmanship workmanship on the part of Plant Employees, fortified by co-operation of all dther ranks. j g, M cLEAN, President Toronto, 1st June, 1937. , . . Extra copieg of this Report are available, and so long as they last will be mailed to anyone requesting them. Address to Canada Packers Limited, Toronto. Marie Antoinette's Gems For Sale The necklace once treasured by Marie Antoinette of France has been set up for sale in London (Eng.), by its present owners, the Archduchess Blanca of Austria and her sister, the Princess Beatrix of Massimo. It is said to be valued at $100,000. The diamonds are considered unusually fine. NEWS FWÎAB Commentary ■■■on the HIGHLIGHTS OF THE WEEKS NEWS - i y Peter Randal It's almost impossible for a girl to outstrip her mother these days--unless days--unless she joins a nudist colony.--London colony.--London Sunday Pictorial. The first payment is called the but it's t^e other payments that kec-p us down, -r- Oiroltcle-TelègrSpli. th-sy Karl Radek, noted Soviet political commentator sentenced, to ten years at hard labor for alleged Trotskyist activities, last January, was released last week and is living in a small village near Moscow. Radek is said to have been granted his freedom by the Political Bureau of the Communist Communist Party for exposure cf military military espionage activ:t.es. Since that sensational trial, eight generals have heard tkef famous "seventy-three-hour ssntor.ee" passed upon them by their comrades of the highest military command and-- there was no appeal. Many political commentators have tried to weight the significance of these trials. Do they mean tho growth cf an organized cppos.t.on to the personal leadership of Stalin? Do they represent the activities of a foreign power ? Are they actually connected with that famous and most unwanted man in the world, Trotsky? Trotsky? No one seems to know the answer but there is. a great deal of guessing being dene. Walter Duranty, for many years special correspondent for the . New York Times in Russia, thinks the recent recent trials may be one indication of an increasing -desire on the part of the Russian masses for a bourgo s democracy. Quite conceivably Trotsky Trotsky may have had something to do with the turn of events. It is well known that he is eating his heart out in exile, But whether or not he was the mainspring, Trotsky forms the focal point for all forms of opposition opposition to the existing regime. Many i-egard the wholesale trials on all charges as a government exhibition which serves the double purpose of ridding it of uncomfortable opponents opponents while impressing the masses with its power. Radek's part may well have been that of a great actor playing, as he tliougnt, for the good of his country. A Torpedo Started It Diplomats have long ears when it suits their purpose. Last week,, the officer of the German cruiser Leipzig Leipzig thought they heard the passage of a torpedo near the ship. The German Government promptly assumed assumed that the ship had been attacked attacked by Loyalist forces, withdrew from the Non-Intervention patrol, though still remaining a member of the committee committee and. announced that nothing short of a rebel , victory would be satisfactory. Now all this action seems rather drastic to be occasioned by some body passing swiftly through the water in the neighborhood of a warship. Chancellor Jlitler made ' it clear why Germany was taking such action. It was at a gathering of 80,000 Bavarian Ndzis, The real reason was not the Leipzig ibidem, but. German cupidity for the iron ores of Bilbao. The mines in this Secretary of State, Cordell Hull, are hoping so. Only a rich nation could afford a national debt such as that possessed by the United States. Present figures stand at $36,000,000,000, a trifling matter of $1,300,000,000 above the Presidential estimate in January. Employment Index And here is a big Canadian figure, that is going to please a lot of people. Canadian employment figures for June are higher than they have been at any time since 1930; 10,178 employers report payrolls aggregating aggregating 1,087,735 or an increase of 7.5 per cent over the same period last year. The stock market may be flat, there may be international jitters, but there are a good many more pay cheques going home on Saturday night and that means something to the man on the street. The world area under barley has declined irregularly since 1929. The reduction within the British Empire, which, accounts for about one-seventh of the world's total, has been more pronounced, owing chiefly to the small areas harvested in India and Canada, but the area in the United Kingdom has also fallen. News la Review region are little damaged and Franco is said to be putting them into- operation operation again. as swiftly as possible. That Franco may now hold ■ a trump card in his hands is indicated by Britan's need of the same Bilbao ere as the essential raw material for most cf her tremendous rearmament project. 18 Ycrtra After And as Europe struggled vainly on the verge of a second world war end as a British Prime Minister addressed addressed an appeal to the dictators of Eiurope for "cool h ads and calm judgment," there were those who recalled recalled tho signing of a treaty whose eighteenth anniversary was celebrated celebrated last week. There isn't much left of that famous treaty signed at Versailles. Versailles. Germany has regained her national independence in every respect. respect. There only remains a matter of 1,803,879 miles of territory in Europe, Asia,. Africa,"and the Pacific Islands and about 1.7,000000 people Who should bo Germans but for the signing cf the troublesome treaty. Both of these ■ Chancellor Hitler swears he will regain. Just how long it will be before he has sufficient strength to make his bluff a reality, no one rightly knows. Anglo-American Friendship And while the dogs of Europe strain to reach imaginary throats across international boundaries, the great English speaking countries of the world tried to reach some form of common economic ground. The Anglo-American Treaty seen as a possible outgrowth of the Imperial Conference is said to be progressing to a point where definite action may be expected before the end of the year. Canada, while affected through possible concessions on lumber and fruits is hoping for a new deal on American-Canadian reciprocity. New Zealand and Australia think of the political angle with eyes aslant at Japan and the necessity of a good friend in time of need. South Africa is favorable to a nation which is her best gold customer. And so the bargaining bargaining goes on between nations even as between you and me. Mystic Power The United States is said to be the richest nation in the world, today. It is the only country which could develop develop swiftly by encouraging the digging of precious metals from the ground in the days of the last century century only to reserve the policy by putting the metal back into the ground, in the recovery days of 1937, When brokers talk of gold stabiliza- ation and sterilization, .they refer to that quaint habit of tho national . miser--filling a hole, in the ground at Fort Knox with gold bars. Back in '49 the digging of gold set the world on its feet; .will the bpppsite policy succeed today ? : Roosevelt and his Drought Area Receives Aid TORONTO--Since Oct. 1 last year approximately $450,000 over and above ordinary receipts have been contributed to the Ontario Red Cross in connection with the Western prairie drought, Dr, E. W. Routley, director of the organization, told members of' the Executive Committee this week. It has been an unusual year for emergencies in Canada, Dr, Routley declared. Outside of district relief, the largest individual expenditure reported reported by the Ontario division for the first six months of the fiscal year was $110,907 for Red Cross outpost hospital service at the twenty-nine hospitals and nursing centres operated operated in frontier districts of Northern Ontario. Poultry Protection, HAMILTON.--James Waldron, of Hamilton, was acquitted of cruelty to animals, Magistrate H. A. Bur- bidge holding that accused was justified justified in protecting his poultry against the attack of a wire-haired terrier which Waldron admitted killing killing with a rake handle. Waldron s-hid he struck two blows to ward off the animal, and one broke its neck- Controller Donald McFarlane was special prosecutor for the Society for Prevention of Cruelty Cruelty to Animals. Waldron produced an injured rooster to show the result of the dog's visit, and said another bird was so seriously injured he had to destroy it. Use of Air Mail Strongly Urged OTTAWA. ---The Department of Trade and Commerce strongly advises advises Canadian exporters in the case of urgent correspondence, particularly particularly with outlying parts of the world, to take advantage of the air mail facilities which are now available available from Canada. As illustrating the saving of time that can be affected affected . by this means in comparison with non-air routing a table has' been prepared showing that from Toronto or Montreal to Bombay, India, there is a saving of eight days by air mail. From Toronto or Montreal to Capetown, Capetown, South Africa, an air mail letter letter will go in 17 days, compared with 25 days by steamer. To Crystobal, Panama, there is a saving of six days by air mail; to Rio do Janeiro, a saving of eight days, and to Buenos Buenos Aires, a saving of twelve days. U. S. Farmers Visit Quebec QUEBEC.--A party of eighty-six farmers from Nebraska, Colorado and Iowa arrived in Quebec this week for a visit and spent the day sightseeing. Later in the day they left for Montreal and will visit Niagara Niagara Falls, Ont., Detroit, New York and Washington on their way home. E. C. Reduces Relief By 27 Per Cent, VICTORIA--The British Columbia Columbia relief department announced last week relief rolls in May of this year were 27 per cent, less than in the same month of 1936. Monthly statistics statistics issued by the department showed 65,223 persons dependent on unemployment relief during May, 1936, compared with 88,090 in May: a year ago. In April this year 73,- 825 persons were receiving assist-' ance. . ! • • " ■■■ '"-y-: i*' B--4