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railway purposes, and immense sums of British money were 'being invested In Canadian en: Her British financial experts pe +) a halt in that respect, little dreaming that Canada was soon not only to send her sons to help the otherland, but to lend her credit as "well. _'Banada a Credit Nation. . In so far as the balance of trade-is hE converned, at the end of the Ascal . year 1917-18 imports amounted to - $962,543,746 and exports $1,540,027,788. | Of course, the war is responsible very largely. for this remarkable reversal. For the calendar year 1919 Canada's , favorable balance of trade was over © $300,000,000. - Moreover, Canada as nation has ceased to borrow eo from abroad; or practically so. Canada has successfully floated her _sixth loan of $300,000,000, which was oversubscribed by about $400,000,000, as were all the preceding loans. Although a dificult thing to arrive "at even approximately a careful sur 'vey of Canada's wealth--what might "be termed productive value of realiz- "able assets; independent of undevelop- ed natural resources--gives a total of © $18,000,000,000. Placing the prospec- debt at $2,000,000,000, - Canada has assets nine times greater, Figur "ing the population at 9,000,000, the average wealth per citizen 1s about $2,000, or 'quite equal to the estimated average: 'wealth per head in the United A: 'of the best indications of pros- ory and substantiality in Canada is @ savings deposits of the country. twithstanding the large sums raised fi war loans, the sayings deposits in banks on May 81 were $1, ;908,070, as compared with $668, ,750 on' the same date in 1914. As & large number of depositors are of fhe class who subscribed to the loans, this result Is really remarkable. There no advance made'in the deposits the Dominion government savings . Nevertheless, in. 1917, more $14,000,000 was deposited, a i greater than in 1918, "Now taking conditions as they af: fect industry the labor situation can- not be described except as disquieting everywhere, 'but it is remarkable at the present time that Canada is prac- Healy free of strikes. The Winnipeg strike in May, 1919, threatened to be # trial of strength in Canada of cer tain labor elements. It was a triumph for the bettér elements in trade unfon- {sm and good citizenship. - Since then, the result of industrial conferences Ed wise leadership in the unions, +. there is much better feeling and cer much more friendly relations. {As regards wages, they are closely allied to commodity prices and there not appear to be any valid rea- for anticipating an immediate ward movement of any import: tice in Canada or elsewhere. At the @ the war broke out and for some time before--also for a time affer-- unemployment was manifest in all parts of Canada. The war itself dis- "located industry and business general." 1¥ at first, but conditions soon read- 'themselves. The manufacture _ of munitions, together with enlist- , brought into requisition every lable person, including many wo- and from almost the very outset ps began to aseend and have ily advanced ever since. Prao- y every readjustment of savages The remarkable ne Jncrease in the savings the banks has been about l Hed in foitr years is proof, too, considerable percentage of wal oo out at interest." has not in the past market for Perhaps i most attractive. pros- Bn exceedingly strong position. This industry has had a remarkable expan. ounted to $120. At the 'end of March, 1919, they amounted to $99, 269,165, and this industry, it may be unduly stimulated by the abnormal conditions of war. The demand, es. pecially in the United States; will con- tinue to increase rapidly and sub- stantially. Well ox to $176,000,000 have been invested' in the pulp and paper indvstry of Canada, the pro- duction of which in 1917 was valued at approximately $100,000,000. Revival of Business Activity. There is another question which must be a large factor in the: situa- tion. Will the biz industries be able to carry on with undiminished force, now that war demands have ceased? The following . opinion given by a financial expert is probably as good as could be offered on that point: -- "Holders of securities of Canadian industrial corporations which produce. steel, cement, lumber, | bricks "and other buflding material, 'and holders of real Gatate. scurities should realize that during the next few years - the housing problem in Canada will be a very difficult one and will necessitate construction of much new building ao commodation, thereby creating a strong demand for 'building materials, In common with those of other coun. tries, Canadian railway and transpor- tation companies, which normally are heavy buyers of steel rails and rail- way equipment, will find ft necessary to purchase largely In order to re-es- tablish plant efiiclency, which has suffered faterially during four years of war. Mahy Canadian. industrial and public utility enterprises have postponed large construction = work and extension during the war, first on patriotic grounds, and second because the costs of material and labor have been so high. In addition to Cana dian demands, there are the recon- struction and food necessities of Hurope to be taken into account as well as the substantial world demand for agricultural and 'animal products, for 'nickel, £ ber, pulp and paper and other products tor the pro- duction of which Canada possesses facilities second to none 1h the world. When the conviction: once becomes firmly grounded that present price Jevels are likely to be maintained for some time to come, we look for a strong revival of Canadian business activity. LADY DOROTHY CAVENDISH 'Whose engagement to Capt. Harold Macmillan, AD.C., is announced. She i& the third daughter of the Gpvernor- Deneral. ---------- A ninety pound woman can work producer asbes-[ I hola umbia smelter has | a aa at there wil be w afte : k Bot og Bali sir od | and paper, in which Canada now holds in Canada. In 1890 the exports | stated, 1s pot one which has been | It was significant at the 'dawn ofa new political era that this Council 'of The clock room was crowded to the doors, with many standing; so that the green-covered table and its mine. men were almost obscured. Lloyd George was among the spectators. The crowd was democratic, and mixed in its makeup. Men of all colors and of all stations in life saw the League stant, Therefore, the seeming lack of Siguity might be a virtue rather than - ee. BOLSHEVIK OCCUPY ALL NORTH SIBERIA Moscow Reports Authorities | Fleeing From V] osfok. | A despatch X Lo says:--All. of North Siberia Lon 5 om and all the Tmmsky distn oh jocenpied by Red forces and the Soviet Gov- ernment exists everywhere, in con- junction with the central Soviet, ac- cording to Irkutsk advices forward- ed from Moscow by wireless. Sovibt statement saye: "On 'the night of January'1 a bl léss revolution octirred at a Slonds lovsk, in Kamchatka province. All of the "garnison has gone over to the people, and all of the officers, héads| of the districts and other officials | were arres! "Between Viadivostok and Khabar- ovik and Ataman, the troops of Gen- 'eral Khalmykoff are cut off on alll. sides. "Between = Vladivostok and the Usuri region we are occupying every- where, and revolutions are expected from minute to minute, "The authorities are fleeing from Vladivostok, Khabarovsk, Nikolaievek and Blagovyeschengk." RRR Pu FLOODS THREATEN DUTCH DYKES : Holland May E Edperience One of Greatest Inundations in Counitry's History. A despatch from The Hague, says: ~--Unless the Rhine, the Maas other rivers speedily subside Holland |: will be threatened by one of the greatest fresh-water floods in its his- tory. The recent high water, which for a -brief time receded, weakened the emergency dykes, and the present high water greatly sefidangers them. The two great preliminary dykes; which ordinarily protect the emer- gency dykes, already in many sections are under water. In some places the waber has reached the emergency) dykes which protect the country. TE Sp XS re Bolshevik Occupy Port of Odessa A dospatel from Basle, Says: -- Odessa, the chief port of Russia on the Black Sea, has been Occupied by more mischief with her tongue. than a 200 pound man _¢an with his fists. the Bolgheviki, according to news- I" paper : despatches received - here: from Lol chal The Deh Mary : Melitopol, north of the Orimen; ; Clemenceau Declines | youwthat I with patch * ndon Mission with qua terinodar reports that. the A army, in - the line behind 'the Aksai River, repulsed}] in heavy fighting, five frontal at- tacks, in 'an attempt to turn its left | made flank. 'The report of the British Mission says the atvance of the "Bolshevik 80 on Odess# has been stopped. It also states that Ihe report that Gen. Den: ikine hag b superseded by . Gen: Wrangle any: other commander is untrue, : The stateintnt 3 says | the Dbn army holds the line of 'the Don River from its' junction with the 'Akea to its mouth, 'and that the Reds failed to force fhe pats: age of the river at'any of the five points where this wag at- tem: ssing the river would be difficult, it is stated, except for small 'parties of cavalry, because the roads are deep in mud. . The volunteer army ig said to be holding "the lifie from. Nikopol to RRA" SHC Ya RUSSIAN BLOCKADE PARTLY LIFTED {*% Medicines «and Foodstuffs to be Sent by Allies. - A despatch from Paris, says: --In an official communication issued Fri- day, evening, the Supreme Council ap- proved of recommendations to relieve! the population in the interjor of Rus- Sia by eis them medicine, agricul- I machinery and foodstuffs, of ch the people are in sore need, in i ange for grain and flax, of which Russia has a surplus; This partial lifting of the blockade is described in the official commun- ication as "an 'exchange of goods on the basis of reciprocity between the Russian people, and Allied and neutral countries," but through co- operative societies. "These arrangements imply no change "in the policy of the Allied] Government toward the Soviet Gov- ernment," says the communication of the Supreme Council, ; The relief to the people is to be given through co-operative ~sécieties in order to ensure that the commodi- ties sent there shall reach the peas- ants themselves. 7, REAR ra * Contest For Presidency A despatch from Paris, says:-- Premier Clemenceau has sent a WE ter to Leon Bourgeois; formally with- drawing from the contest for the Presidency. The letter says: "I take the liberty of informing aw ftom my friends authority to offer my (candidacy for the Presidency of 'the Republic; and that if they disregard my withdrawal and obtain for me a "majority of votes | I will refuse the mandate'. So con-{ | ferred." Lloyd George Gets A despatch from Paris say: Fi the occasion' of the ratif Cr Go Tredty of Versailles, the d Cros of the Legion of Ho ly 'saysi-- to Gen. Bening at the latter's hedd-| Eka Enver! Has Become oF Great 7 den] dhs 26 'to. 82¢c; tooster: 2bc; geese, 28 to to 82¢; turkeys, . doz., $4.50.7 " Live Poultry---Bf ing chickens, 19 to 20c; Foosters, 20; fowl, 20 to 26¢ i goede, 2 22¢; ducklings; 2%; turkeys, chickens i | 4 fo 50c; squabs, Oe Now large, 31% to 32¢; he cr 38% ho. des Do, tt 'Beans -- Gs Swine hotel bushel, $5.26 to $6.75; primes, $4.2 $4.75; Japans, $5.50 to $6.75; zp fornia. Limas pa , 17% 7 gascar | Limas, 1b; hl Tard Hace Honey--Extract ed clover, 5b.) tins, 27 to 28c; 10-lb. ting, '26 to 26¢; 60-1b. ting, 2bc; buckwheat, | 60-1b, tins, 18 to 20¢; combs, 16-0z., $6.00 to' doz; 10-08, $4.95 5 -$0- $4.50 doz. Maple produ p, per im-: i! vl; 20.10. 19m 0c; kings, Jo; [H for 8h cl a op 0 ifs £" goed no ft j 8 cep, lambs, per cwt., galves, good B zh cot ro i ed and wate waghed off cars, 17.50; do poy ig do., do., to Sy $16. Montreal, 'Jan. 20.--~Buteher steers, Podium: $10. 26 to $11.50; common, 8 fo $10; butcher heifers, : fi, - Som 13; meditim, $9.50 to $10.25, ~ 3 butcher cow: Ro. Pa: ye: $6. $9.5 to Fr $9; cann ng 3 B lo Bs "bulls, common, Ri to $9.50 to 11; nid good veal, calves, 16 to 16s to Aglt medium, $1 Shee, to 8h 50 oo $10; i $16.50 HA 50 to a Sah Hogs, Fa oe hts, to $15. ewes, 50; common, wi 8 ows, $1 'Threat to. Britain \ +A d th Tom 10 | saya Enver Pasha, former. Turkish Min- ister of War, who was recently elect- ed King- of Kupdistan, has started a Bolshevik revolution 'in Turkestan, Afghanistan and 'Baluchistan, accord- ing to a telegram from Baku. Enver is said to have many followers and is directing his energies against Bri- tish prestige in Southwestern Asia, the ultimate aim being India. Large sums 'of money, it is reported, have been furnished Enver by the Soviet Government in Moscow. | Population of 833,267 . In Saskatchewan Now A despatch from Regina, Sask. says:--Sagkatchewan's population is now 833,267, according to an an- nouncement made in the Legislature by Premier Martin, who based his statement on figures "compiled hy the vital: statistics branch 'of the Provincial Health Bureau, se Miss CAROLINE. CABSELS, Toronto, who h as been appointed a Ry Sevan of Si of Movi] Picture Seng 1 You can't bottle 1t.up MADE BOLSHEYIST Sot BY INTERVENTION All Russian Pa Parties 'United Against Foreigners. or 'A despateh from 'London say 8t Lox, Fishes, in a-letter to The. Ton casus and a -- shevist, 'added to ih oi rulers have now given the Bols vist 'armies the vast and goodly if "pply of "guns, tanks, armdred trai locomotives and airplanes previously, squandered upon Denikine & Co. "What 'invariably has 'happened-again. "History tells us foreign Intervention invariably ell parties; mn Be Fowl army lan at to p coerce Irel "Wo Shad al booms Blan ind That 18 exactly what we did 1 Russia. What was not .B we made Bolshevist, "Bolshevism is an "The great war took out: the 'per, and the determination : where for freedom, too long. u; as was the French rewglution, even Labor." ' party of men jth mesting of demobilized. "The Mayor 'was : assaulted. A couple diers rescued him fr 5 attack is to $15; grass; 2 39% happened before | Ii ¢ -- stnomphers) A burst out and suffused the world. - AAR he 2 things have estan: :