Lake Scugog Historical Society Historic Digital Newspaper Collection

Port Perry Star, 13 Sep 1911, p. 2

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OVER 2 MILLION PAC THE FISHERIES TREATY United States Has Not Passed Necessary Legislation and Canada May Withdraw. A despatch from Ottawa says: It now looks as if Canada is about to withdraw from the international fisheries treaty concluded with the United States in 1908. It will be remembered that, under the terms of the treaty, regulation govern- ing the fisheries in international waters were drawn up by the com- missioners, Professor Prince for Canada and Professor Starr Jordan for the United States. These re- gulations were to become effective after concurrent proclamations by the Governor-General of Canada and the President of the United States. The necessary legislation to enable the proclamation - was passed by the Parliament of Can- ada during the session of 1910, re- ceiving the unanimous approval of both political parties. The Ameri- can authorities have failed, how- ever, to pass the legislation re- > quired to put the treaty into 'effect, After the regulations had been drawn -up it was found that cer- tain interests, notably in the State of Michigan and on' the Pacific coast of the United States, were opposed to their promulgation. These interests desired changes, in the regulations to harmonize with their views. representations to that end were made to Ottawa, "but it ' is now known that Canada .months ago positively declined to accept the suggested modifications, and it is generally supposed that the Gov- ernnient has served or is about to serve the United States authorities with notice of withdrawal from the treaty altogether. In any event it is mo longer a secret that the Ca- nadian authorities are resolved to not accept the changes proposed by the United States. PRICES OF FARM PRODUCTS LEPORTS FROM THE LEADING TRADE CENTRES OF AMERICA. Urices of Cattlz, Gratn, Cheese and Other Produce aot Home and Abroad. BREADSTUFFS. Toronto, Sept. 12.--Flour--Winter wheat, 90 per cent. patents, firm at $3.45 to $3.50, Montreal freight. Manitoba flours--First patents, $5.30; second patents, $4.80, and strong bakers', $4.60, on track, Toronto. Manitoba Wheat--No. 1 Northern quot- ed at $1.09, Bay ports; No. 2 at $1.071.2, and No. 3 at $1.06. Ontario Wheat--No. 2 white, mixed, new, 84 to 85c, outside. Peas--Good milling qualities, 93 to %4c. Oats- Ontario grades, No. 2 at 38 to 381-2¢, outside, and No. 3 at 37c, outside. No. 2 Western Canada, 45c, and No. 3 at 44¢, Bay ports. Barley--No. 2 probably worth 75¢, out- side. Corn--No. 2 American yellow, 681-2 to 69c, Bay ports, and 721-2¢, Toronto. Rye--Car lots outside, 72c. Buckwheat--No. 2 64¢, outside. Bran--Manitobas at 822, in bags, Te- ronto, and shorts $25, in bags, Toron- to. Ontario bran, $22, in bags, Toronto. red or COUNTRY PRODUCE. Beans--8mall lote of hand-picked 25° per bushel. Honey--Extracted, in tins, 10 to lic per 1b. Combs, $2 to $2.25. Baled Hay--No. 1 at $11 to $14, on track, and No. 2 at $10 to 811. Baled Straw--$6 to $6.50, on track, To- rout. Potatoes--Car lots, in bags, $1.25 to $1. 30. ' ' Poultry~--Chickens, 15 to 16c per 'lb.; fowl, 11 to 12c; ducks, l4c; turkeys, 15 to 16c. Live poultry about 2c lower than the above. 62. BUTTER AND EGGS. Butter--Dairy prints, 21 to 22c; infer- for, 16 to 17c. Creamery quoted at 25 to 26c. per 1b, for rolls, and 23 to Rc for solids. Eggs--Strictly new-laid, 23 to 2c, and fresh ab 20 to 2ic per dosem, in case lots. Cheese--Large quoted at lc per Ib, and twing at 141-2c. : HOG PRODUCTS. Bacon---Long clear, 12 per lh, in case lots. Pork, short cut, $23; do. mess, 620 'to. 821 Hams--Medium. to light, 17 to "Abe; 'doit $23; Manitoba, $22; middlings, Ontario, $26 to $27; shorts, Manitoba, $24; mouillie, $26 to #32. Eggs, selected, 24 to 26c; No. 1 stock, 20 to 22c. Cheese--Westerns, 1314 to 131.2c; easterns, 1318 to 13 1-4c. Butter, choicest, 26 to 261-4c; seconds, 251-2 25 3-de to WHEAT AT WINNIPEG. Winnipeg, Man., Sept 12.--Cash wheat-- No. 1 Northern; $1.02; No. 2 Northern, 61.- 00; No. 3 Northern, 9%c; No. 4, 921.2; No. 5, 851-2c; No. 6, 79¢; feed, No. 1, T0c. Oats--No. 2 white, 411-2c; No. 3 white, 40c; extra feed, 403-4c. Barley--No. 3, 72; No. 4, 65c. Flax--No. 1 North-West- ern, $2.30; No. 1 Manitoba, 62.28. UNITED STATES MARKETS. Buffalo, Sept. 12.--8pring Wheat--No offerings; Winter, No. 2 red, 921-2c; No. 3 red, 9c; No. 2 white, 9c. Corn--No. 3 yellow, 70c; No. 4 yellow, 631-4c; No. 3 corn, 68c, all om ack, through billed. Oats--No. 2 white, 4634c; No. 3 white, 46c; No. 4 white, 45c. Barley--Maltiog, $1.16 to $1.20. Minneapolis, Sept. 12.--Wheat--S8eptem. ber, $1.031-4; December, $1.053.8; May, $1.091-8 to 81.0914; No. 1 hard, $i.0634; No. 1 Northern, 81.0414 to $1.061-4; No. 2 Northern, $1.001-4 to $1.0414; No. 3 wheat, 951-40 to 81.0212. Corn--No. 2 yel- low, 6314 to 631-20. Oats--No." 2 white, 4234 to 4314c. Ryo--No. 2, 8012 'to BL Bran--$20.51 to $21. Flour--First patents, $4.90 to $6.10; do., seconds, $4.40 to $4.65; first clears, $3.25 to $3.5; do. seconds, $2.25 to $2.40. LIVE STOUK MARKETS. eter Toronty, Sept. 12.--Exira choice heavy, $6 to $6.25; medium choice, 85.50 to $5.80; choice fat cows, 84.50 to 85.25; bulls, 83 to $6.10; common mixed cows and bulls, $3 to $4.40; canners, $1.50 to $2.75. Stock- ers and feeders, good quality, firm «ct $4.25 to 84.85; light common stockers, very slow demand. Sheep--Market steady; ewes $3.25 to $4.25; bucks and oulls, $2.50 to $3. Lambs--Market a little firmer at $5.25 to $5.85. Hogs--Market steady to easier at 87.30 108. and $7.76 fod and watered. Montreal, Sept. 12.--A carload of mixed North-west cattle brought $555, and a few steers at $6. Eastern steers, choice, $6; good, $5.65 to $5.75; medium, $5.25 to $5.50; grass bulls for canving, 83 to 63. 50. Cows, best butchers, $4.65 to $4.75; good, $4.25 to $4.50; poor to medium, 83. 50 to $4; canpers, $2.50 to 83, Old sheep easy at $3.75 to 84 ¢ach; lambs were way off at $5 to $5.25; bucks and culls, 62.75 to 83. Select hogs, $7.25 to $7.50; heavy fats, 86; sows, '$5.50, and stags $4 per 'owt, weighed off cara. Calves, $3 to $10. It is understood that | killed. | PARACHUTE FAILED To me Cron} 1 BUTSHEGL. Canada. the Empire bd the. Waele © in Genesal Before Tour Eye CANADA. (The Co-operative: Union of Qan- ada i is tal f starti D. A: sling of 5's ay farmer, was fined' $5 for whipp a boy, k Belleville, John Wigglesworth was Killed in: a London hotel by falling: dowa- stairs. Another advance of ten cents in announced. Hamilton boy, was run over by a freight train and killed. Complaints are made in Hamilton of picturés shown' in the moving- picture shows of an yanti- -British character. ¢ A Cleveland compan; is to build a million-dollar chemical; plant at Hamilton that will employ 1,000 'men. © Louis Robert, a seventy- ear- -old niillwright, fell off-a Th red-foot trestle at Three Rivers and was The steamer i M. Pellatt col- lided with a drawbridge ovér the Welland Canal and put the bridge out of business. - A big raft of logs in tow of three tags was broken up by the storm on Lake Huron near Sarnia, and the logs scattered along: the beach for miles. Judge Leet of Montreal fined the third mate of the steamer Caspe- dania $5 for piloting the vessel from Quebec to Montreal, sustain- ing the contention of the pilots' association that only chief officers, or regular pilots ma may do such work. GREAT T BRITAIN. Burgess swam the English 'Chan- nel, occupying almost 23 hours. British exports for August show a 2 deprease, chiefly in manufactured 8 he Duke of Connaught at the farewell banquet to the Canadian artillery team said he 'woild: be sailing for Canada one month hence. GENERAL. The Chinese rising against Gov- ernment railway project occasions anxiety regarding Canadian mis- sionaries in disturbed area. --_--r VAST COLONIZATION SCHEME. Over 30,000 Roman Catholics to Settle in the West. A despatch from Winnipeg says: The largest colonization scheme of recent years will be launched -im- mediately in the North-West of Canada. W. C. J. Manning, of Chicago, representing the Catholic. Colonization Company, returned south on Thursday night, after hav- ing completed arrangements with Western realty agents whereby four million acres of land went un- der option, to be settled and pur- chased by Roman Catholics. It is expected by Mr. Manning that be- tween thirty and forty thousand Catholics of the Central States will be brought in within the next few months. ieee eee THEIR OFFICIAL TITLES. How to Address the Duke and Duchess of Connaught. A despatch from Ottawa says: According to an official notice is- sued by the Secretary of {tates Department, Canada's new Gover- nor-General will be known while in the Dominion as "his Royal High- ness the Duke of Connaught, Gov- ernor-General of Canada." It has been the custom to address the Governor-General *- as "'his Excel- lency," and as many inquiries were received from cities and towns presenting addresses of welcome to the Duke, official notice has been | promulgated. Duchess of Connaught." PRICING VN 5 / Incendiary fires are. rognent hd : the price of all grades of sugar is b 11 is very throughout the country desirous of | The Duchess will be|' known as "her Royal Highness the / 5 'In the in first sof that "distri a ri Ki or investment. - however, involving There is Oswald Gage, a thirteen-year-old should' gl of eras John Smith went into .a bond accordanse. with ag trustee dor the children of. his' bro. |y the#, who had' fecently died. He Had tle of how to go mbout if.) he did the best thing he could think o under the circumstances, 'and told the! bod dealer that be Wanted tw lave $10,000. rani Well," list. You can pick out something to Bait you from that lot," and he gave him a booklet containing a list of 80 many bonis and securities ot various sorts that Smith became confused. Like 'the' Irish man with™ the bill-of-fare printed in Freoch, 'he. cast "hig eye -down the list until he saw something familiar,' aad said. "I guess I'll have some of those," pointing to a preférred stock, such 'as some bond dealers carry for some cli- ents of a semi-speculative turn. "Cer- tainly," said the broker. "Those shares constitute a very fair speculative invest. ment with good prospects of apprecia- tion." But as the company is not yet firmly established we do not recommend them to investors who cannot afford to lose their capital, nor to those who wish somgthing ' that is readily salable. As the company 1s small and the demand. for the st not great, it is possible to sell only. when orders such as yours come in." As most reputable bond dealers and investment stock brokers are equally frank with their customers and clients, Smith was no. mora fortunate than the average investor would be. It is lucky it was so in his case, for he at once changed his mind as to his decision. "I'm afraid it won't do," he said hast ily. "The money I have to invest I hold as a trustee of an estate, and have to turn it over to the heirs when they come [of age. The eldest will be twenty-one in eighteen months and the two others at intervals of two years or so after. So you see I shall have to turn "over the securities or cash at that time, and as I have to give each his third of the 610, 000 in cash I would prefer to put the money in a bank and not worry over. it. Unfortunately, however, -the income at five per cent is little enough to support them, although they are at work and earning a little. I cannot, of course, buy anything that is at all risky, and I must also have something that I oan gell at any time, at just about what I paid for it. I intended to put it into 'mortgages, but I fortunately remember- ed that no one wonld want to borrow for only 18 months, or even years and a half--that is, no. of who would: be able to pay -back the principal at the 'end' of that time without delay, and, 'perhaps, the expense of foreclobing. Then of course, I. knaw How Hard it is to sell 'mortgages oxcept. at a "heavy ' discount from their face value, because I've tried for two years-to sell a small ome. No; sir! mortgages wont do." "Ot course not," said the bond dealer. fortunate," "he continued, "that I know now just your requirements. You say you want something safe, which will yield you about five per cent., that possesses the feature of ready converti- bility into cash, and one that will retain its market value. In fact, the only im- portant feature you don't seem to re quire is prospect of appreciating in value. Your's is certainly a dificult case cofit. 1s a fairly high office 'to Tnvest somé money which he oh , said the. dealer, "here's our] never been posfessed of sufficient money before to invest, so, naturally, knew 1it-| i Joa om Ci or ; The agreement: sign Jure 8 with, the. Grand Trunk med ge: to 'establish great industries was, voted, an on Saturday, | ed-with a' majority of four |a ghteen, The com- of fifteen thousand dollars a year, for ten years, on all railway lands here,. and give. thirty-two hundred feet of ata: frontage, also a num- ber of sections for parks and a City Hall site; also sixty acres for a ce- metery site. It has agreed to'start out of the $200 you receive cach year you must keep $13.36, which will amount to $40 'at the end of the time, as you lose $40 of your capital, which I allow for in the interest.rate, for I say it yields you 458 per cent, which means you get 458 per cent on your investment and enough to save the $40. . Then for the bal- ance I can give you some Canadian Northern Railway Equipment bonds, which are absolutely safe, and which can be got in maturities to suit almost any- body. These will yield you about the same rate and therefore sell at a price depending on the time they have to run. Those due in a year and a half I ean sell at 1003-4, which will yield" just 412 per cent. while one due in five years sells at 1021-4 and yields the same rate. You don't understand the price? - Oh, the 1021-4 means that for every $100 of par value you pay $102.25. Bo that for a $1,000 bond you must pay ten times the price of a $100 bond, or_ $1,022.50, while for a $50 bond--if such were ever issued-- you will pay $51.12. This is the way stocks are quoted too. Bank of Com. merce shares sell at 208, but as they nre only $50 par value the actual cost is $104 per share. The price is always given on the basis of $100 par value." "Well," said John Smith, "I am really very much obliged, and you have un- doubtedly saved me a great deal of worry 2nd probably financial loss." This conversation, while: imaginary, is typical of what often takes place be. tween broker and client or bond dealer and customer. It shows admirably how the various points we have been illustrat. ing during the past. few weeks are used in, practise, and indicates clearly that they are not merely theoretical "bosh," They are serious, ) nity. mai A re shan , RADIUM IN AUSTRALIA. Vast Lode of High Grade Found on ' Mount Painter. A despatch from Sydney says: Dr. Douglas Mawson, the Antarctic explorer, has again visited Mount 'Padnter, in northern South = Au- stralia, where he claimed to have discovered radium some time ago. He now says that he has discover- ed a vast lode of high grade of ra- dium ore three miles long, and sev- eral hundred yards wide. 'He has a quarter of a ton of the ore ready for shipment, and says that he figures on a net Profit of £327 ster- ling 'the ton. He also found big deposits of corundum in the neigh- borhood pany is'to' pay taxes %o the amount {works TE ---- réceive 84,000. However, 'don't forget that practical questions, | Which cannot be - overlooked Wwith-impu- nis at once 'on a wo a million dollar drydock. The | machine, car shops; and round- het are » tat, a ill fet e plans of these works a. kif, has commenced. Troe oo majority for the new wat and electric plants aR hundred -and eighty-threes five hundred - and Bw be Ardtort dollars to. be paid off ing the next 'fifty years. ~ This pat Tive work to a number of men for the. nexs: year, while under-enst: uel tion, 5 io & rm GOLD SEEKING STAMPEDE: b Rush Eom Asheroft, B. C., to New Rich Field, A despatch from Asheroft, B. C., says: Something like the feverish i activity of the early mining days seized Asheroft at daylight on Wed: nesday morning, when stampeders started for Springhouse .to stake claims on a silver, lead 'and gold: ledge recently located by & pros: pector named Perkins, who reached' town on Tuesday with news of bis strike. Springhouse is a' point in Cailleotin County, north-west of Clinton, and about 250 miles from Ashcroft. Fes ne 50,000 TREES AFFECTED. -- "Little Peach" Disease is General in Niagara District. A "despatch from Toronto says Mr. P. W. Hodgetts, Superintend:- ent of Horticulture for Ontario, stated on Wednesday that 50,000 peach trees id the Niagara district would have to bé "removed on ac- count of the "little peacn" pest. The disease, he says, is prevalent throughout the The inspectors have been working recently in 'north Grimsby avd Fonthill, but have not found thes Ee ri places worse than others. Hodgetts expressed the belief tirat the measures now being taken to eradicate the disease will prove ¢fs fective. J A. DEPRESSION IN GERMANY. Cause. by Uncertainty of Morons Negotiations, A despatch from Berlin says: Continued uncertaiitty of belief as to the outcome of the prolonged Franco-German conversations ad- ded to bad crop prospects and the weakness of Wall Street, has caused considerable depression on' the Boerse. There is an increased number of runs on savings banks in various cities of Germany, not- ably in Koenigsberg. The Berlin. Chamber of Commerce, in view the high prices of foodstuffs, w petition the Government to apply. the third special tariff on graif, fodder, etc., so as to check the ex- port of grain. The Merchants' x Guild, of Berlin, is moving to se- cure the importation of 'foodstuffs from America and Argent Niagara district. x of

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