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Times & Guide (1909), 29 Sep 1911, p. 3

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mussm’s PREMIER SHOT F Dragoons Charged the Mob Armed) 'i, With Pitchforks at Charkville. _:,,,:.,,,,:.,,, FRENCH FOOD NUTS SEEM-US sflijllill)lill()fS Gil UN STRIKE V A despatch from Paris says: Tho ”weregainst the high price of food, which has been languishing for the last few days, owing either to the vigorous precautions of the au- thorities or the palliative measures of the Mayors in establishing mu- tdcipal butcher shops and other food depots, burst forth afresh on Wednesday. In several districts there were violent disorders, which indicated that professional agita- tors were again at work. At Creil, thirty-two miles north of Paris, barricades were formed with tele- graph poles. One of exceptional strength was built around a huge boiler surmounted by a red flag, and it required a large force of A despateh from Kiev, Russia, strys:---Prep1ier Stolypin was at- tacked an; seriously wounded dur- ing a, theatre performance here on Thursday night. His assailant was arrested. There was a, gala per- formance at the opera in the pres- ence of the Emperor of all the Rus- sians. Two revolver shots in rapid succession electrified the audience, and Premier Stolypin sank to the floor. Those who were near by saw Central Canada Railway to Build From Montreal to Ottawa. A despatch from Ottawa says: According to a, director of the Cen, tral Railway Company of Canada, the Railway Company, which is said to own over a million acres of land in the Ottawa Valley, and contemplates connecting Montreal and tho Georgian Bay by a, new line, work will be started on the Montreal-Ottawa section of their road this week, and forty miles of a track will have been graded be- fore the snow falls. The work will oommence at Hawkesbury and will so in two directions. Track-laying will not start until Spring, when the work will be pushed vigorously. Stolypin Was Seriously Wounded at a Theatre Performance. Good Yields Reported-Wheat Grades High. A despatch from Brandon, Man., says: Thrashing is well under way. Some excellent crop reports are coming in. Mr. John Clark, one of the big farmers in the Roseland district, finished thrashing on Tues- day night. From 119 acres in one field he has 3,317 bushels of fine No. 1 Northern, twenty-eight bush- els to the acre. The balance of his crop is quite up to this splendid showing, and Mr. Clark says his ield is no better than others,in {is locality. Reports from other districts are also very favorable. Es state of unrest, following the ex- inmple set/m the recent strikes by the laboring classes. There have been strikes of schoolboys at Lon, don, Liverpool, Manchester, Hull, Sheffield, Grimsby, Llanelly, Brad- ford, Ashton-Under-Ls-ne, and even in' Scotland at Leith. The Boys drew up manifestoes. held de- aatsashrwticas, and engaged in pieir- "A-despatch from London says: Totu1g England aprgfaam to _be in Pupils at Various Centres in Britain Adopt Tactics of Their Elders. THRASIIIN c AT BRAND 0N. WILL RUSH THE WORK. troops to storm it successfully. In the engagements large numbers on both sides were injured. The streets of Creil are patrolled by soldiers. Charleville also was the scene of serious disturbances on Wednesday. Crowds of people from the country around, armed with pitchforks, attempted a regular in- vestment of the town. A regiment of dragoons, hastily summoned, charged down upon the manifest, ants, scattering them in all direc- tions. At L’Orient the mobs, not saUshed with proclaiming a, boycott against the market, upset the stalls and threw into the streets the vari, ous aricles of food exposed for sale. that he was gravely hurt. There was tremendous excitement in the theatre, and in the excitement it is impossible to obtain the least de- tails at assassination. It is report- ed that Stolypin’s wounds are mor- tal. The Czar left St. Petersburg a few days ago, accompanied by Premier Stolypin, to review the statue of the Emperor Alexander II. at Kiev. It was the first public ap- pearance of the Czar outside of the capital in some years. Germany's New Dreadnought Dc- velops Phenomenal Speed. A despatch from Hamburg says: It. is claimed that Germany has the fastest warship in the world. The new drtadnought cruiser Moltke is credited with a speed of 29% knots on her trials. The Moltkéjs a, ship of 23,000 tons and 80i000, horse- power. -- British War 0filee to Send Thou- sand Men to Jamaica. A despatch from Kingston, Ja- maica, says : It is reported here that the British War Office is arranging to send very soon 1,000 artillery and infantry to strengthen the lo, cal garrison in view of the increas- ed importance of the station which will come with the opening of the Panama Canal. It is expected that; the naval yard at Port Royal, which was burned last spring, will be re- opened soon. Will Have Eight Battleships With. in Next Seven Years. A Pekin despatch says: The Min- istry of Marine has drawn up its programme, which will give China at the end of seven years a Beet of eight battleships, twenty cruisers, ten smaller vessels, and fifey tor- pedo boats and destroyers. It also provides for four naval arsenals. CHINA’S NAVAL PROGRAMME. eting just like their elders. They object to the use of the cane by schoolmasters, and also want an extra half-holiday on Wednesday afternoon. At Islington the boys sma_hed the school-windows with stones, and in Hull there was pro- miscuous stone-thousing with much damage to windows in the neiglv. borhood. In most places the strikes collapsed and comings have been in ordzr. T T0 STRENGTHEN GARRISON. FASTEST IN TIIE WORLD. PRICES BF FARM PRUBUBTS LEI’ORTS FROM THE LEADING TRADE CENTRES OF AMERICA. Prices of Cattle. Grain, Cheese and Other Produce at Home and Abroad. Toronto, Sept. to.-rqsur---Wintrer wheat 90 per cent. patents, $3.45 to $3.U, Mont, real freight. Manitoba. eoars-aicst pa- tents, $5.30; second patents $4.80. and strong bakers', $4.60, on track, Toronto. Manitoba wheat-No. 1 at $1.091-2, and No. g at $1.08. Bay ports. New wheat, Ir2a less. . Ontario wheat-No. 2 white, red or mixed. new, quoted at Me, outside. peas-N to 950, outside. Oats HNd No. 2 at 40 to Me, and new at 391.2 to 400, in car lots, outside. No. 2 Western Canada, 461-20. and No. 3, 451-20. Bay ports. Corn-No. 2 American yellow, 70 to NI-N, Bay ports. Rre-csur lots outside. 75c west, and at 770 east. _ Barley-No. 2 is, probably worth Ne out- side. Buck“ heat-No. 2 at side. Brau--hfanitoba bran, $23.50 to $24, in bags, Toronto freight. Shorts. $25. Boneg--Extraeted, in tins, 10 to Ile per 1b. Combs, $2 to $2.25. Beans --Small lots of hand-picked, $2.30 per burhel. Baled straw-86 to $6.50, on track, Tlo, route. Baled Bay-No. 1 at $13 to $14, on track, and No. 2 at $10 to $11. " Poultry-Chickens, 15 ‘to 160 per Ib,; fowl, 11 to 120; ducks. Me; turkeys, 15 to 160. Live poultry about 2e lower than the ubove. Butter-Dairy prints, 21 to 22c; inferior, 16 to IN. Creamery quoted at 25 to "Me per 1b. for rolls, and 23 to 240 for solids. Eggs-Strictly new-laid, 23 to Me, and fresh at 20 to 210 per dozen, in case lots. Baeon-Long clear, 120 per 1b, in case lots. Pork, short cut, $23; do., mess, 620 to $21. Hams, medium to light, 17 to 180; do., heavy, 15 to 161-20; rolls, 1154 to IM; breakfast bacon, 17 to 180; backs, 191-2 to 200. Cheese-Large quoted at 141-40 per 1b., and twins at 141-2c. Montreal, Sept. 19.--Oau - Canadian Western, No. 2, 470, car lots, ex-store; extra No. 1 feed, 461-2e; No. 3 C. W., Me; No. 2 local white, 451-2c; No. 3 local white, 450; No. 4 local white, MLM. Pioup-- Manitoba Spring wheat patents, t1rsts, $5.40; seconds, $4.90; Winter wheat pat- ents, $4.75; strong bakers'. $4.70; straight rollers, $4.25; in bags, $1.85 to $2; rolled oats, per barrel, $5.25; bag of 90 lbs, $2.50. Cora-American No. 3 yellow, tee. Millfeed-Bran, Ontario, $23 to $24; Ma- nitoba, $23; middlings, Ontario, $27 to $28; shorts, Manitoba, $25 mouillie, $26 to $32. Eggs-Selected, M to Me; No. 1 stock, 20 to Me. Cheese-Westerns, 133-4 to 141-4c; easterns, 1312 to 133-40. Bat. ter-Ghoicest, 260; seconds, 251-2 to 25 3-40. Bufta1o-8ept. 19,-Sprimr wheat-No. 1 Northern, carloads, store, $1.071-2; Win. ter quiet. Corn-No. 3 yellow, 71c; No. 4 yellow, 700; No. 3 corn. 695-40, " on track, through billed. outs-No. 2 white, 48e; No. 3 white, 471-40; No. 4 white, 461-4c. Bar1ey--hfa1ting, $1.15 to $1.22. Rye-No. 2, Me, through billed. Minneapolis, Sept. 19.-Wheat--Septem. ber, $1.017-8; December, $1.03 3-8 to $1.. 031-2; May, $1.07 3-8; No. 1 hard, $1.05 5-8; No. 1 Northern, $1.03 5-8 to $1.04 7-8; No. 2 Northern, $1.00 3-8 to $1.02 7-8; No. 3 wheat, 955-80 to $1.005-8. Corn-No. 3 yellow. 631-2 to Ge. oats-No. 3 white, 431-4 to 43 3-40. Bye-No. 2, 811-2 to 820. Bran $21.50 to $22. Flour-First patents, $4.90 to $5.15; second patents, $4.40 to $4,65; first clears, $3.25 to $3.75; second clears, $2.25 to $2.65. Lard-Tierees, 101-2; tabs, 10 3-4e; pails, tle. Montreal, Sept. 19.--Choice steers sold at 53-40; good at 51-20, fairly good at 5 to 51-4c, fair at 41-2 to 45-40, and com. men at 4 to 41-40 per pound. Cows and bulls were 1-4 to 1-20 per pound lower, the former selling at 31-4 to M, and the latter at 21-2 to Je per pound. Lambs sold at 51-4 to 514ks, and sheep at 31-2 to 33-40 per pound. The demand for calves Was good, at prices ranging from $3 to $10 each, as to size and quality. Hogs- $6 to $7.30 per cwt., as to quality, weigh. ed " cars. Toronto, Sept. 19.-Choiee offerings Were snapped up early at prices ranging from $6 to $6.25; medium to choice, firm at $5.. 40 to $5.85; good butcher cows and heavy bulls, firm, at $4.50 to $5.25; medium and common, at $3.75 to $4.25; canners at $1.- 50 to $2.50. Sheep steady; heavy ewes, $3 to $3.25; light ewes, $3.50 to $4.25; lambs, dull and easier, at $5 to 85AO, Hogs, steady, at 37.10, Com., and $7.40 to $7.50, fed and watered. Bow we enjoy meeting a man who ta‘ks only when he has something to next Potatoes-Car lots, in bags, $1.25 to $1.- UNITED STATES MARKETS. BUSINESS AT MONTREAL. BUTTER, EGGS, CHEESE LIVE STOCK MARKETS COUNTRY PRODUCE. BREADSTUFFS. HOG PRODUCTS M to 65c, oat. MAKING SAFE llillNlllfl% Loss Not Limited to Amount oi Original HOW SPEGULATION ON MARGIN TMF. In the ilrst of this series it was shown that "distribution of risk" is an import. ant principle ot investment. It is a very Mmple one, however, involving no very coniused ideas. There is answer prrin,ti pie to be borne in mind when making in- Vestments which is ot no less importance, b.at it is, however, considerably less ob- Wous.to those whose investment experi- ence is tsmall-and even to many who shqulri understand its actions thoroughly. This is the principle of investment "in accordance with actfui requirements.” The dividing line between speculation and investment is not always clear, and in discussing investing it is not tu1profit- able to digress somewhat to go into the field where “safety of principal" is held in small esteem in comparison with “prospect of appreciating in value"; and “rate of income" is a decidedly second‘ ary consideration. Ot course in general it is understood that one who buys mining stocks "specu- lates," and one who buys bonds "invests." But where one man buys high-class stocks outright as a. speculation it is hard to separate him from the investor, and for practical purposes he is such. When one buys a stock on “margin" it is customary to go to a. broker who takes the order and makes the purchase tor a small commission of a quarter of one per cent. on the par value. The broker, being a responsible person, as his possession ot a seat on the Toronto or Montreal Stock Exchanges, costing as they do some $20,000, would indicate, the client, as soon as he is notified that his stock has been bought pays the broker titteer1 or twenty per cent. of the market value of the stock. This 20 per cent. is the "margin." Sometimes it is allowed as low as 10 per cent, but "narrow" mar- gins are most dangerous. The broker takes the stock purchased to his bank--. let us say it is Toronto Street Railway of which he bought 100 tshares-and there makes a loan on it. The stock cost 1315.- 800, as the market in "Toronto Rails" at this writing stands at 158. The bank will loan 80 per cent. of this amount, or $12,640. The client's margin amounted to $3,160, so that the broker is not out of pocket. The broker has received $25 commission tor buying the stock, finding a bank to loan money thereon and be- ing responsible for the loan's repayment when demanded, for banks loan on se- curities "on call" only. This means that the loan must be repaid at once when asked for. As the loan is not very stable, being used for keeping active surplus bank funds not required for the moment, and may be called at any time, the bank generally charges a lower rate than that charged on general discounts. So the broker pays. at the present time, 51-2 per cent. and charges the client 6 per cent, the difference being considered a fair charge for looking after the loan, par ing the interest and handling the client's account. Speculation takes many forms. In general, however, it is done on "margin," unless mining shares are bought. The latter are subject to such violent changes in prices in the market that no broker who has any reputation worth consider- ing will buy them except for clients who are prepared to pay tor them outright. Now, supposing that while waiting for an advance in price the client has to hold his stock for a year. The interest will amount to $758.40, of which the bro. ker gets $63.20 for handling the loan dur. ing that time. And generally in tho course of a year the broker amply earns bis money; for the loan may require shifting a dozen times, when as many banks want it repaid. And sometimes loans are hard to make. The client re. rah-es. however, dividends on his put" chase at the rate of 8 per cent on the par viAurs-in the case of Toronto Rail- way-and so at the end of the year he has received $41.60 more than the ia. E. Y 'itil, \M‘LE” s),',,",:),,,',,,,;,)':',)')],?,,),;,), outlay-Dividing Line Between Invest- fined-How One Speculates on Margin and What "Margin" Means. Ment and Speculation Not Clearly De- and decline to accept anything that looks to be im imitation/T Put a strong glass on the label and examine it closely every time. Always look for the name "Giuett'sp , Like all good articles, which are extensively advertised, Gillett’s Lye , is frequently and very closely imitated. In some instances the imitators E have actually copied directions and other printed matter from our iii, label word for word. Be wise, and refuse to purchase imitation ( articles for they are never satisfactory. Cl Insist m, 6lleihtihng ailyleil:tra Lye 'xiFerwtsnss5t:D ""C?wCDeFRtEtD FERS FROM INVESTMENT. ILLETT (By "Investor") that is represented to be "just as good" or " better," or "the same thing." In our experience of over fifty years in business we have never known of an imitation article that has been a success, for imita- tors are not reliable people. At the best the "just as good" kinds are only trashy imitations, so decline them with thanks every time. E.W.GILLETT COMPANY LIMITED WINNIPEG. TORONTO, ONT. MONTREAL. BANK OF illilliffl% ROBBED A despatch from New Westmin- ster, B.C., says: Two hundred and fifteen thousand dollars was stolen early on Friday from the branch of the bank of Montreal in this city. Five burglars entered the bank by the front door, broke through the metal coating of the vault, blew open the safe by charg- es of nitro-glycerine, and got clear away with their booty without be- ing seen, except by a Chinese care- taker. They probably escaped down the Frazer River iru,a launch, or else by an automobile toward Vancouver. Actual figures of the losses were obtained in the after- noon from Manager G. D. Brymer, who has been in charge at New Westminster for twenty years. There were $338,000 in the bank, and of this $253,000 was taken. Of the amount taken $150,000 even were in five and ten dollar bills. These were all new, and the bank Bo that the client receives back his mar- gins and about $500 of profit. or course, in this example, the client was quite fortunate. He had only put up about 31 points on the market price of the stock which, however, might have de. clined that amount. But before it had gone down very tar the broker would have written a polite but firm note ask, ing for further margins, and the lower the price went the greater the amount of margin required. Finally. perhaps, the client would sell out at a substantial loss, as he could not raise further mar- gins. For. remember: this, in speculat- ing on margin, the margin does not lim. it the risk. Legally you own the stock and the broker only loans you the money to pay for it, and keeps the stock as security. The fact that he in turn bor- rows from the banks does not alter this fact. And so, if your stock should drop down to nothing in value you would have to stand the loss and the broker could Safe Crackers Blow Open Safe at New Westminster, B. O. terest charges. Suppose at the end of the year the stock has advanced to 163 and the client sells. The broker gets $16,300 for the stock and the client's aip count would look somewhat as follows: Debit Credit MW ETNA Jliil/jiillili LAVA The Eruption is Proving Disastrous to rIhose Living in Neighborhood. road tracks and rerndvinir, all trans- portable material to places of sat- ety with the idea of minimizing the circling the volcano and which ex- tends eight miles from its source, is approaching the railway stations to the north and especially threat- ening the depots of Moio and AL cantra, which were abandoned on Wednesday. Squads of laborers were. at work taking up the rail- A despatch from Catania, Sicily, says: The eruption of Mount Etna is assuming the proportions of a real disaster. The lava stream whose path cro_sses the railway line IM Tor. Rails e 158 ....$15,800 Brokerage ...... .... .. 25 Margins ..._ .... ..r... Interest .... .... .. ... 758 Dividends ...e w... ..... 100 Tor. Rails sold .... .. Brokerage .... -... ..t, M Cheque for balance ... 3,652 $20,260 00 $20,260 M 3,652 60 758 40 ' 3,160 800 16,300 still has the numbers and asserts that payment on them can be stop- ped. There was $38,000 in gold, of which $20,000 was taken, and the remainder left. An extra large amount of money was on hand for paying off fishermen and hands from the hop fields. 5.30 o'cloek and gave the alarm. He had managed to work loose from the bonds with which he had been tied after the robbers had depart- ed. Chief of Police Bradshaw har.. tied to the scene, and all available officers were pressed into service, but the only obtainable clue was that given by the Chinaman. From the thoroughness of the job and the tools with which the work Was done the local officers believe the same gang which has been at work in Vancouver did the job here. James Currie of Toronto Fell Fifty Feet From Bridge. A despatch from Sault Ste. Marie, Ont., says: James Currie, aged 25, an employee of the Cana- dian Bridge Company, who hails from Toronto, was instantlv killed on Friday by falling fifty feet from the bridge which is in' course of construction over the Montreal River. British Government Contemplates Formation in Large Centres. A despatch from, London, sayu ---lt is announced that the Govern: ment contemplates the formation ol a volunteer police force in each of the large centres of population. This is for the purpose oi coping with emergencies like the receni strike troubles. force you to make good the amount through the law courts. You could. of coarse, limit your losses to a. certain point, bat that is seldom done. and u not. often satisfactory. ”The first known of the robbery was when the Chinese caretaker appeared at the, police station at Of course, had you been an investor and bought the stock to hold you would not have been worried by a drop in market price; for while the speeulator sateriticed safety to prospect of appro ciation. the investor would not be." overlooked such an important feature. losses. The entire crest of Mount Etna appears to be in a state of ebuilition. An exact count of the number of fissures is impossible, be- cause of the smoke which shrouds the whole mountain, but there seemed to be more than seventy new fissures all belching smoke and lava. The eruption means great suffering for the peasantry. The slopes of Etna, with an area ot more than 400 square miles, sup- port a population more dense than that of any other portion of Sicily or Italy. There are sixty-five cite ies and villagm in the s:atfce area. VOLUNTEER POLICE FORCE. KILLED AT THE 800. l

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