"A despatch from London says: A new kind of shell, said by some corre- Spondents fo to be a Jspagefe Tubention: f oF Burin lems erally Nhe het roth Tov the at of : onthe new Russian offensive in de-| spatches from Pétrograd. Incredible quantities of this new weapon are be- ing used by General Brussiloff, and its effect is said to surpass everything witnessed in the war thus far. "Of course, nothing can be said about the nature of this shell," says the Morning Post's correspondent at Petivgini, who dy it is the pro-| duct of the fospemtive Testaeh of the Russian unive i 3 ye ithe = o i is vapid beyond beliet, 'the destruction | c and capture of men coming like al. lightning stroke, leaving the staff of- ficers, whose station is from five to fifteen miles behind) the ? with no hopes of repairing mischief, and they simply fled. The| astounding quantity of booty of every kind is likewise evidence of this." n MERCHANTS BANK OF CANADA Annual Report Shows Assets Approaching the Hundred Million Mark. In presenting to the Shareholders the 53rd Annual Statement of the Merchants Bank of Canada, the Gen- eral Manager expressed the policy of the Bank during the War as one of "Safety First"--maintaining a very strong position in cash. and imme- diately available resources, ready for any emergency or devélopment in these, times of world wide financial certainty. A study of the Bank's Annual State- ment for the year ending April 29th, 1916, shows how fully this policy has been carried out.' Assets which are or can be immediately converted into cash have reached a total of $40,~ 960,486--an increase of over Seven and Three-Quarter Millions from the remarkably good showing of a year ALO. By this policy of keeping well pre- pared and entrenched, the Merchants Bank of Canada has favorably im- pressed the depositing public abt home and abroad, and deposits have grown in the twelve months covered by the statement by the considerable sum of Ten Millions, reaching a total of $72,- 177,089.15, These deposits reflect a measure of confidence on the part of the public which has been very grabi- fying to the proprietary of the Bank. Total Assets also show a very sub- stantial increase of over Ten Million Dollars, and amount to $96,861,363.07. This does not include any mortgages, while overdue debts and real estate, other than Bank Premises, botal only $341, 549.47 or less than 2/5 of one per cent. of the total assets. Another year of such solid progress will bring the Merchants Bank of Canada well into the class of Hundred Million Dol-! lar financial institutions. Profits during the year were neces- sarily restricted by the policy of maintaining so high a ratio of liquid «reserve or assets that could be con- verted immediately into e¢ash. Current commercial loans: and diséounts: "in. Story published x Canada, the main source of a Canadian Bank's profits, increased compara- tively little from last year, and: profits fell off slightly to' $950,718.42. This, with the balance brought for- ward from the previous year, enabled the Bank to meet all dividend charges, contribute generously to patfiotic and Red Cross funds, transfer $160,000 to Contingent Fund, and carry forward $260,984.12, Thé feeling of the Directors as ex- pressed at the Annual Meeting; is one of quiet yet complete cenfidence in the future prosperity of the Dominion, and a readiness to devote the growing re- sources of the Merchants Bank of Canada to sound development and up- building. CANADIAN LOSSES SMALL IN RECENT COUNTER-ATTACK 'Germans Had Planned to Renew Assit Some Day, but Were BETWEEN ONTARIO AND BRI- |diers. Prous the Hidde West TISH COLUMBIA. [tems From Provinces Where Many Ontario Boys and Girls Are Living. "Calgary police rounded up a gang of guto thieves. ° Women are replacing men in he banks at Edmonton. There are good prospects for a fale average crop in Manitoba, Every man in the. city of Regina will be asked to join some unit. The Saskatoon School Board may be asked to educate a number of sol- P. I. Toft, Regina, is being held on a charge of making seditious utter- ances, Capt. L. A, Rounding, a well-known Regina citizen, died of Puewmuns in England. Geo. Jennings, 15 youts old, was killed by a runaway horse at East Kil- donan. Capt. Frank Gane, former professor in Manitoba College, has been killed in action. W. H. Brunt, a "6 ft. and" giant of Saskatoon, has: enlisted with the 203 Battalion. Mrs. F. B. Lang, Edmonton, killed herself and two children while in a demented state. Lt.-Col. Lang and officers of the 66th Battalion gave a dinner dance in Saskatoon 'ast week. Mrs. Morin, Prince Albert, wins suit § over Windsor Hotel for $3,300, being | damages for wrongful seizure. The body of W. W.! Cairns, Winni- peg, was found in the ruins of the Stovel printing establishment. Kitty Cross, a fourteen-year-old girl | of Hartney, Man,, has raised $30 for the Belgian Relief from free-will of- ferings. F. Buro, Calgary, was fined $50 and '3 costs for shipping uninspected horse. This is the first conviction under new Stock Act. Franz Leman, Calgary, who served ' m with Calgary Battn. three months, is now jailed for two years, charged as a German spy. Edgar Bedard, of Lethbridge, has sued the C.P.R. for $25,000 for in- | juries received in a wreck between Dunmore and Dauntless. Official Winnipeg -- both. /military ¢ gi1: 1 to 70 eights + Shiside, 6=-No Te a ng to reign outsi $810: be second bet hs trong baker ri On tario fl flour--Wint mple, $4.10 to $4. 20,18 k's romp} "shipment Spt Jags opin Hort Se 25.4 to sd ed e ents 20 do 0 $21; 8 or middlings, per a flour, ver par tan ne ¥ Country Produce. to 28¢c; inferior, 24 to prints, 29 to 81c; inferior, "is 8 to 30c. New-latd, 26 to 27¢; do., fn car- BES, tons, hu to 29c. 834 to $4. 80, the latter' handpicked Cheese--New, Tate. 18¢; twin Sn fog L 23 to 2 otatoe 3: Gntartos Be eas hy $2.15 per $1.95. fis a Bucon, lon clear 1840 per 1b, ~--Medium, 23} to #4 to 21ic; ro ils, bacon, $43 0 2 27§c; Pi backs, -to 293 sg ard---Pure lard, tierces, 16% to are 0 ana | pails, 17 to 17ic; compound, . 14 Montreal Markets. Montreal, No. 2 yellow, 838 to 84c. Western, No. 2, b2# to 63c; extra No, feed. | No. 2 Jocal white, 590: No. 31local whit ble 4 local hire 50c; malting 75 to 76 Flour, , $6.10; "strong bake Winter patents, choice, $200 00. Straisht TOllers: $5.10 to 40 $2.65. Rolled ge Oats, ; 8. hor: $24. 25 to a, Moutite: 33. No, 3, ok 20.60 to ¥o1. 50, eese, finest wi erns, 174 to 1780; finest easterns, 16 7¢. Butter, choicest creamery, 2 93c; seconds, 28 to 28ic. : to 27c; selected. 29 to 80c; 0; No. 3 .8t rook 24c, LL lots, $1.95 Yimgipes Grain. p Winnip ~Wh a Hh, No. 8 vie: No. 6 + 98k; No. 6 'United States Marketa, Minneapolis, Jong Wheat: 1. Lis September, § a 1 Beh 1. 083 + i 3 Northern. i 04g to $1. 093, --No, 8 be. white, 871 to #8ic. Shi Jhents, 43,737 barrels, Duiath; guns 20.--Whea FIN 09 No. Northern to an ve, Norther on track, ac to Lit on track and to Md 33 1.808 asked: September, ctober, $1.78} bia; Lier Bran, $13 ty on tragic ive Sionk 'Markets. * Toro! Jun 20.--Cholce heav steers, choice, $9.35 to 19 60; good, 9.25; do., mediu to § 3 5; Si : 5d 6 to vy "sb 7 to horned, 950 to 1.000 1bs., cannerseand ' cutters, Wilkers, choice, each, com. and mx spianeers. FH 00; Sortn Sal ves, gO medium, Sod {00 to 1130 0.40; Sheep, heavy mbs, per 1b. 16c. 3 ee i choles, $9.50. to na sore 28 to $8. ci hed hogs and civie--is upg over 'a scare! Mo making ¢annon" 'Mrs. Neil Huber ind her dered in their home at the ra 5 : Mine at Scoal Lake, 85 miles from | m Kenora. 'There is no motive for the crime. A reunion of veterans of the present war met last week at the home of Pte. F. J. Rowlads of the 183rd Bat-|. talion, who is president of the Saska- toon Veterans' Society, and enjoyed | a very pleasant evening. Pte. Nat Rudyk, a member of the 214th "Saskatchewan Wild Cats" Bat. | Saturday, and after terrorizing the citizens by firing his revolver at ran- .| dom; finally shot himself dead. Tare HAS nr fee 2 50 to "3 165 3 5 Shes Sheep, ik to : tum, $0 II. ro mn SE CZAR CONGRATULATED A despatch from Petrograd says: The. Czar has received the Zollowin; telegram from the King of Italy: " am in harmony with the whole Italian talion, ran amuck at Clare, Sask., last | people in expressing the sentimen! of profound admiration for the vi ious development of the powerful fensive of in sending to you the warmest most friendly) .congratulations. foes convinced efforts thus ha commenced lead to definite ag the a inte me} ance of my unchanging Ariane casEMENT TO LEAVE THE TOWER oF LoNDO Butter steady; fresh dairy; choice, 25 8 ry--Chickens, 56 Bo 27; 'and | Now Wests terns, Hams dc; Jo. . heavy, 20 Ti ast ¢3c; backs, plain, 264 to June 20--Corn, American 54 to Bebe; do, No. 3, o, 543 52j to bac! Barley, Manitoba Se Bh R801 i 6 i 8, 4.76 2 $5. 95; dor bags, 20 1bs, JE to 2.65. - Bra i er Sok car eat: 4 orl Stock Potatoes, per bag, oes. a q $113 3 PS 5 1 Nort! ¥; Nor % Northarn 3" hos it $1. tin 5 LR ; July: 1.78 bid. nto, 9.76 to Sin20; butchers cattle, hoy 9.10 to 8.85; do., Shae" slsE 5 Ts .26 Suthers bulls, ed, each, § to ¥ 50.0 00 to #5160, 00; st ves: th Li $58 TE 1 bls ya to mixed i ) BY THE KING OF ITALY, our Majesty's armies,' and | and will be noted that the Lieutenant a lady's silk stocking. ~ Lieut. Navarre in the flying corps. £ bringing down of sixteen German aeros quite a aviator. He is familiarly known as the "Fokker Killer" the nickname be- ing quite 'a distinction. Carpentier is now a trained aviator and skillful pilot, and can manoeuvre his machine in the air as well as any other pilot Georges Carpentier, Famous French Pugilist, and Lieut. Navarre, Who Has Shot Down 16 German Aeroplanes. : ' Georges Carpentier, the famous French 'pugilist, and Lieutenant Na- varre, the "Fokker killer," who has just brought down his sixteenth German warplane. The airmen 'are standing in front of Navarre's machine, and it has tied around his neck, his talisman, is a popular idol and favorite, the record for one 06 $3 A despatch from London says: The British Official Press Bureau on' Fri- day gave out a statement dealing with the operations in Mesopotamia as fol- lows: "On the north bank of the Tigris, east of Kut-el-Amara; our trenches have been pushed to within 200 yards ; | of the Turks at Sannayat. "On the south bank, Imam Mansura has been occupied. This place is three and a half miles south of Ma- i BONAR LAW'S STATEMENT PLEASES. THE FRENCH, A despatch from 3 Paris says: "The greatest "interest has been roused Sati a y. . author ities. here have insisted that it would | i be playing' Germany's 'game, for the tI British to move before the psycholo- gical moment, and they have scouted the anti-British rumors as idle or ma- go fa to reassure them. - gossip. Bonar Law's statement B gasis. "A successful punitive expedition has been made against the Arabs who persistently cut the telegraph north of Hamar Lake. Two hundred. cart loads of grain and some sheep were taken from the raided hostile Arab "Three of our Tigris barges were sunk by Turkish artillery on June 10. The imaginative Turkish communique of Thursday was founded on the above" LLOYD GEORGE CHOSEN | "A-despatch fiom 1 London say + The Motuing Post' Hong. SET ml fi TO INVESTIGATE a trom Londen a i odio mc ur mittee headed by John MacKinnon Robertson member for the Tyneside vision: of Northumberland; and -the-House of Commons and economists, to in- vestigate the rise in the "The Town of Samsiayat: on South Bank Occupied and Hostile | , Arab Tribe Punished. olitical correspondent |: cided: that Mr. | by no means complete. that the Teutonic lowes slong the! front from the Pripet to the Rou: manian border now total 800.000, or _| nearly half the original eff | Great satisfaction is felt ab ooh re- establishment of contact = with the Teutons along the whole south-west- ern front, but' attention 'is chiefly centred upon the operations for Kovel, Vladimir-Volynski, Czernowitz and Kolomea. Col. Shumsy, summar- izing. results of the fighting, makes the: deduction from the latest Russian official statement that the ens tire line of the Strips /is: how occu pied by the Russians. The precipitancy of the retreat of the Austrians many - sectors : is shown by the fact that the: } found several telegraphic and tele- phonic installations intact, and . are . now using them. The cartridges tured in the Stripa trenches nt | have sufficed for the use of the Aus- : et Inouye. sort firing. for several weeks. mrt : NEW RUSSIAN SHELL ACME OF DESTRUCTIV : A despatch from 1. London sa Morning Post has the following from * Petrograd: The Russian artillery has. been magnificent = throughout ' this: : war? but on the present occasion it has exceeded its own highest records. The effect upon the enemy is terrify- ing and a general panic has usually ensued, for the Russians have invent. ed a new shell and have used ib in in- ; credible quantities. Its deadly re- sults are seen in the official bulletins, Nothing can be said, of course, about the nature of the new shell. ' From what I have heard I should judge it The Universities of Russia have been 'busily employed for' twelve months: pasb vying with one another in search for some. superlative. form of : } Sective shell. * TO SUCCEED KITCHENER. | ; | GERMAN Loss AT VERBUN iri res . DURING FIVE MONTH the prices of com- ing. The Chaireian, 80,000 men, thr nom 184i : ecessary ; toly- 3 ) int another Minis bi z Lop: "partially "demolished." = These ars apr or of Ao | the losses for the five months 1 battles Have been Faging, Tuesday night not to re-engage any members of its staff at the close omen June, modities "and recommend remedial | the chief' ein o admits of no effective defensive reply.