The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

The advance in st.0cks was based principally on cheap money. It was claimed that stocks paying five to eight, per cent. should sell at prices which would bring their paying: rate more nearly to the rate at, which money was loaning in the open market. It never seemed to nccur to the manipulators and their followers that the excessive supply of cheap money was an indication a slackness in business. It was merely a case of "follow the leader” with the crowds that. ox'ex'flowed tu't’ikerage otl'ico-s the country over. Published every Thursday morning at the office, Garafraxa Street, Durham, Ontario, by Frank Irwin, Editor and Proprietor. The Chron- icle is mailed to any address in Canada at the rate of_ $2.90 per "A. little money and no judgment" was all that. was necessary. it was tho samn on the Canadian o-xviizliigc_'s and is st ill going so strong that. new exchanges aim being Openâ€" wl to ink» mum of thecnstomers at vex-tam points. In llanarla the" mmlium 0f the) hectic sgwuululion has boon mining stocks [he wave of speculation that has ;'11<.<tfll own the l'nited States and Canada liming the past two \0315. :.a.< in'ml something iinpiecedenteil. Nothing: like the \ohime of tiading and the heights to which stocks ham lumn carried. has ever been known in the history Of the stock exei’ianges. A few years ago. 9. mil- lion shares on the New York market was considered a big: day. Now. three. million share days are not. un- common and two million is an or- dinary «lay. Stocks have doubled. trebleil and quadrupled in value. Who has made the money repre- sented by these advances? Mostly novices at the game. The old- timers have been the losers. They sold when they thought stocks were neyonil reason. only to have. to rover at still higher prices. This they were fort-ed to do so often. that it is quite likely some of them were converted into bulls at the peak ol‘the market. and are now be- ing caught on the decline. .65}; $1.00 for six months, 50 cents for three months, 25 cents for one month. To any address in the United States of America, $2.50 per year, 51.25 for six months, 65 cents for three months. Foreign sub- scription rates on application. Member Canadian Weekly News- papers Association. whivt'ly. though store. liquor and in- dush-ial stocks haw added their qunm in ”In trading saturnalia. Emmy town and hamlet in the D0- miniun has been and is being cir- PAGE 4. Whosoever is afraid of submit- ting any question, civil or religious, to the test of free discussion, is more in love with his own opinion than with the truthâ€"WATSON. vularizeoi. by mining.r ln'nkm's who haw 5mm things to give away to those) foal'rsh vnough to invest \Vlth thvm. But the inovil-ablv reaction in prim-s has mmv and many stocks but): here and in New York have lost. much of their inflated values during: the past month 01' two. This reaction may go. as is often the case. much further than is justit‘mi. as was the case with the advance. With regard to the Speculation in mining stocks. it might. be well for the public to be reminded of the fact that all mining booms have ul- timately collapsed and wherever one has existed. there you can find in every business man‘s possession enough worthles certificates to paper his home. ' ([4 It will be the same here. Many stocks quoted today will prove ut- terly worthless. It is only the wild. speculative fever that keeps them on the market at all. To those who hold. or contemplate holding mining shares, let us say that a mine is The main thing about. it. all. is. however. that a halt has been call- ed and cool. calm. judgment may take the place of rash. sheep-like following of every tipster and pool operator who had schemes of their own to foster and who desired the assistance of the pubilc dupes. SUN. Wingmu Thursday, March 1. 1928 5'1“ NLK SPEC! 'LATIUN "The backers of the New York Rangers and the Chicago Black Hawks owe it to the supporters of hockey to give an honest explana- tion of their relations with each other. They may he as clean as fresh-driven snow. but there is too much gossip going the rounds for the good of the sport. 'The recent loss of the Rangers to the Black Hawks has fanned the talk and it is recalled that when the Hawks once before this yearvwvere sadly in need of the suCcor ot' a Victory the Rangers supplied it. The old story that. the Rangers have quite an interest. in the Hawks has been revived and the wagging tongues are retailing such sinister remarks over the alleged association that they should he stilled by a direct statement. of facts from those in authority.” something that must be discovered first, proven second and wen-man. aged third. This takes time and moneyâ€"plenty of both. Again, remember that a mine is not everlasting. The/moreore tak- en out, the less remains, and, in the case of gold and silver, the supply is often of only a few years’ dura- tion. Then there remains only a hole in the ground and this is of as much value as the hole of the doughnut after the rim has been eaten. The following from the Chicago "Refeiee" has peculiai significance. houexcx: Sir Henry Thornton of the Cana- dian National Railways says, very n1m10stly. it' the Government will Not much suspicion has ever been directed towards hockey, and it continues to'he' the prime favorite with winter seekers of entertain- ment. When Specualtors in mining stocks gal tired putting Up margins and look fur some other way to acquit-(- \waltli in. haste. they can conthlviill): look forward to the 0p- ening of the racing season. The us- ual "good things” will he on tap and the associations will kindly afford all HOOPSSEI'Y accommodations, Capt, Campbell of England made a world's record run of 206.9 miles per hour. Anderson of Indinapolis made a new record of 106.5 miles in I: stuck ('al‘. What. is m be gained by such ex- hibitions? Such speed will never be of any practical use and it seems like merely tempting fate for a pas- sing moment of fame. grant. an increase of five per cent. in freight. rates. the two railway mmpanios would furnish ample funds to finance a satisfactory im- migration policy. As the C. N. R. l't‘pOl’lS ftu'ty-txvo million dollars not mom in 1927. one would think it could llt‘li) “ltllOllt am rate in- txvasc. It might be well for those inclin- Cll to patronize this sport to heed the, opinion PXI)!’CSSC(1 by a track follower at New Orleans, to the ef- fect that. "niutuel betting is the only legalized racket in the world permitting burglary”. The. "thawing out" of explosives used in the underground workings of mines. must be done on the sur- face from now on, by order of Chief Inspector of Mines for Ontario. The dumping of empty cases and pack- ing material in underground corners will also be discontinued. With regard to the Hollinger Mine, it is a case of locking the door after the quadruped has disappeared. It is to be hoped. however. that more efficient inspection will prevent in the future any such disaster as re- cently occurred. Two serious disasters were nar- rowly averted at Daytona, Fla., in the speed trials which took place on the Ocean Speedway there recently. W’hen any sport becomes tainted with suspicion of crookedness, pub- lic interest in it begins to fade. The prompt action taken to purge base ball of the insidious attempts made to debaso it. as a sport. has result- ed in its still-holding first place in the affections of the public. A little» tinsv of something like “Lydia Pinkham's I’itzk Pills for Palliit I‘Pofiilf‘" llgiii "njiixenato L‘l C town and put some pop. into it. Sir-Edmund Gosse says that the modern young women are a great advance on what their grandâ€"- mothers were, although apt to be too boisterous. 01' young men this [noted 79-year-old writer says that "he finds them “very gentle and gra- cious.” From his reference to the latter we infer that Sir Edmund has The hockey team was put out of the running early in the game and the curling enthusiasts seem to have made a rather late start. When sporting proclivities decay, a town is on the down grade. The late Wm. Calder was our leading citizen in more ways than one. and especially as a patron of sports. His successor is not in sight. Tho hockey team starts the season with little or no practice. and stores sticks and puck away as soon as they are out of the contest, re- gardless of how much good ice for practice may follow. To go into championship contests unprepared by previosu practice is 'bceiving the public and taking I..ODL‘}' under false pretense. NOTES AND COMMENTS According to the advertisements about the beauty of the 1928 model «autos. we’ll feel rather ashamed to not attended many hockey matches recently. All etc-residents of Grey County. now residents 01‘ Detroit and Wind- sor. wish to thank you very much for the generous space. you contrib- uted to the publicity of their buffet supper dance. which was held last. night in the Detroit Masonic Temple and where over two linnc‘it'ett gathâ€" ered together amt renewed ae- quaintanceships. The committee feel that. a great part of tin: success ”1' this meeting; was due tn the CL-‘.)[H3t'8tt1_)ll 01 all Grey County pam‘I'S. If is the 1111111111'111 111 311) 11111) 11) hold another 11111111 mnmllnw 11111- ing the 1111311 n11.1111h and it IS j11s1 possible that \\11\\1lll11_15p:1.<s on your generosity once again. In the meantime. please accept 1111.: grati- tude 01' all 13x-1'esi1l13nts 111' Grey County. be seen touring this coming sum- mer behind the wheel of our old 1926 model. - - Pleasant Afternoon Spent Good Financial Return. Judgo (to Irish pfisoner): "Well, and what brought you here?” "Two policemen, yer ’onor.” "Drunk, I suppose?” “Begorra, they were, both of them!“ "Ten shillings or a month in jail." “Thank you kindly; I’ll take the money." A Toronto police auto has been stolen twice during the past month from in front of the City Hall. Something will have to be done real soon or the thief may eventu- ally run away with the City Hall. Editor Durham Chroniclé Degar Mr. Editor: ' RED CROSS SOCIETY GIVE SUCCESSFUL TEA The Ladies of the Red Cross So- ciety are to he congratulated on the success ol’ their tea held in the A. Y. P. A. rooms Thursday afternoon of last week. when those attending spent 'aopleasant afternoon and en- joyed very much the spread pro- vided by the ladies. The rooms were very pretty and the tea table was attractively arranged and was decorated with yellow d'atfoidls and yellow candles. These arrange- ments were in charge of Mrs. D. B. Jamieson. Those who waited on the guests were Mrs. J. Burgess, Mrs. R. Aljoe, Mrs. T. Henderson, Mrs. E. Kress. Mrs. Will (ilass, Miss S. Vollett and Mrs. Will Lauder. Sixty dollars was realized from the entertainment. The following letter explains it- self: Mrs. G. Jucksch and Miss Fettes received the guests, Mrs. Rev. Fiddes and Mrs. Rev. Smith poured tea. while Mrs. Re-v. Hayes sup- plied music for the afternoon. Mrs. P. Gagnon was in charge of the en- velope table. the candy table being in charge of Mrs. M. Saunders and Mrs. Knechtel, and the apron table presided over by Mrs. McComb and Mrs. Potty. “Beech-Nut Gum hits the Spot" says an advertisement. Probably the old spot under the kitchen table. A LETTER OF THANKS Very truly yours. GREY C(HINTY COMMITTICE. Detroit Michigan. February 22nd, 1928 With a patient at the Hospital suffering fyorn a severe attack of rheuma- ysm° _7 z Mr. Wm. J. Burgess of Sarnia was here this week visiting hlS Sister. Mrs. John Graham. who is MP. Harding will be associated with the Grafton Co. in the. gems furnishing business. Dr. Ed. Lauder. who had been visitingr his Mother 5 here e. returned to his home in I‘monto on Saturday 1351. Hi.» “as accompanied by his Mother fom. who \xill undergo mmlieal examination while in the city, '\\'e~ hope he. will return with ccnisoling information. ' Mr. H. McDonald “as in Cheslev this \x eek \isiting with MI. Thomas Soper. Minnie. (laughter of Mr and Mrs Edwin Limin and who is now Mrs. Nelson Harding. has. with her hus- band and daughtor Doraleen. taken up resident-0 in Iondon. Thev had been lesicling in \\'allaceburg and leaw behind them a host 01 frionds. Mr. 31111119011 Smith Oi Mjchig. an “as in tmxn last \wek 011 a shmt \isit to his father. D1'. J. L. Smith. ‘ 311‘s. H Iwizr and 5011 Jackie 0f Hanaâ€"Nor aw spvmiing a few days with M12 and 311's. J. \Vatt. Mr. RObert Moti‘at is spending a few davs in town \xith his sister Mrs. John McFadxen He has been working tor the, past sex eral weeks in Omen Sound and will return there after his \isit. Miss Lottie Dean of Toronto snent the week-end in town with her parents. Mr. and Mrs. E Dean. MI‘. R. Barber was .3750“? Visitor at. the Dean’s. Mrs. T1105. Lau«_lor.-Jr.. son Allan and «,iaughtel- thty. are at present Visiting with l‘ nmthor. 311's. Thus. Lauder. in Upper town. Mr. and Mr’s. R. J. Moorhead ‘of town spent, the week-end with Mr. and Mrs. Blair at. Palmerston. Miss Hilda Boyd of Guelph spent the \x'eek-end with the McFadden family in town. The Misses Truax returned home. aftm- spending two weeks z'tttending spring millinm'y cumming in Toron- to. The laclivs of Trinity church (iuild were} invilwl t0 the. home of Mrs. John liellv. Wednosdax' 01' last week. The ladies engag. ed in scu- ing during the aftmnoon. Mrs. Kelly serving lunch at the close. . George Campbell spent last with her parents at Allan Miss Blanche Murdock spent the weekâ€"end with Miss Florence Ellis 01' Mount Forest. Miss Esther McComb. nurse-in- ti-aiuing at Grace Hospital, Toronto. is spending a few weeks in town with her parents. Mr. and Mrs. A. G. McComb. ax'y 22m] Saunders. Barbava . Jonesâ€"In Toronto. Sunday, Feb- ruary 12th, to Mr . and Mrs. Leslie Jones {nee Mary Hudson}. a daughtm'. Saundersâ€"At Toronto. on Febru- DiHaneâ€"â€"111 loving memory of our clear daughter and sister. Mabel. who passed away February 29, 19.20, at Durham. Interment at Palm- rrston. IN MBMORIAM to Mr. and Mrs. Fred :1 daughter, (Cynthia BORN The Canadian Greys I. U. .U. 13:. held their annual meeting Tuesday. February 28th in their rooms, with a good attendance. The Regent~ Mrs. G. SfKearney in the chair. The Chapter returned all last year‘s officers by acclamâ€" ation at a meeting held two weeks ago. and was reported February 16. The treasurer. Miss J. Weir gave a good report of the year's busâ€" iness. financially. This report will be published next week and is a very satisfactory one. $1475.00 spent locally this year. the greater part of this sum being spent re-modeling the town hall. \\|'LLII.\ \uusu-o. [11.1mm the Chapter celebrated (Lanmila's Diamond Jubilee by pav- ing: a pageant in the rink under the liiz'vetiun of ;11’s. (1)12; Farewell which will he long remembered by they! present. The Chapter intend having an Uratorieal contest 101' High School students sometime before Easter, and 011 April 9th intend holding ti11'~i:!-}>a tei' dance. )i1s.1{ea1ne\ thanked the memâ€" lws t01 being leval Lu he1 during the ‘ “:11 .~ \\ 01k. The meeting closed with Hm! Saxe the King. The secretary. Miss A. Ramage, gave a splendid review of the year‘s work. They have. made a wondeyful improvement. in the town hall. have taken over the monument grounds. Money is spent, each year on Christ- mas rhetf‘i' and a number of other worthy causes. ‘ Miss Carlotta. the ten-yoar-Olcl «laughter of Mr. and Mrs. John l’los‘u-i' of Swinton Parkuwas 0p- m-aml on successfully for appendi- citis last. night. The Oi'iei'ation was performed by Dr. D. B. .lamioson. assisted by Dr. 8119th 01‘ Dromore. Thu little patient is resting easy and will soon be back home with 1101' playmates. Frank Irwin. Editor of The chronicle and Cam. McLachlan, roam builder, are recuperating from being Operated on for rupture from which each had suffered for several years. Dr. Brad Jamieson was as- sisted by Dr. Bell in performing and boil: patients are reported to be in HOSPITAL NEWS 'imn'rmc a fair way to complete I‘QCOVerv though, they ere not eXpected {0’ leave the hospltal for at least m0 weeks yet. vv ‘1‘,â€"â€"w U A new process in surgery was used in these cases. It is the Use of living sutures in the binding of the wound, a ligature for that bur- pose being taken from the may of the patient himself. ____ I Frank said he was stout enough without having any outside mater- ial added and Cam wag i11d_in‘.3;-..m as to whether it was li_\e 11.351, ’1: dead sheepskin they 115971 A, '1‘. Weldun, \‘iCO-m-pgmmn Tna‘fl'ic and Express. (Zaiizuu‘m; National Railways. announws if... Opening of an Office at, Birminuéxzifii England. necessitated by impruwpf,‘ business in that section. ' .- J. A. Cross, district tx'att'iv :tgmfl is in charg’e of the Birmingham (.7.- (ice. which is situated at $536. twat-5., Street. A ln'pocrite is one Mm {aw-tuna to believe V011 “hon he knm‘m M“ are lying. Thursday, larch 1, 1928 win ‘sL'i‘r 3.5;“: > '6 AT BIRMINGHAM Th“ [bx‘tvt'muis: and Of this a \‘l-I') tion wont mm H The Durham Lu.“ gave a dam-o in HM Friday (-x'vnin: «of in largely aHI-ndmi am able timn was had I: It, is custumar'} Opening: at" a nu» With a lbanmwt a loading (hue-rm“.- understand «awn->1» carriml on mm M gardin',‘ this. and .- to 1180 hvr inflllo'ln‘ Minister of I’Hisiiv ‘ ance. It is in 1... essary finishing ?« be made and Hum; ed. “'0 an» I'Mhh' “'0. h-aw :1 mm ing. but as }'«-t. r The interim Hm place. Hmugh mo- tion has lung: HT.“ he”: su {My :~ w day niwm mu. NN 13.8! \\'0('}\'. .\HH zard)‘ \x'vailwz'. =.\s ate Shaw-full, Sm with lwamfl'm >1 breeze. but with the wars mm... 4 at 8 am. Hm? «Em 21‘009 t‘whm' and m during: HH' [.I'me said to haw low'H Eugenia vam- H. Justina as . Durham, gum- snhjiwt of :m: pruvoknd.:nnl law mm! m Hizzmwr lm< mighty and nu Stu“. lv'o-ndo-r attmldvd Hw ;.' last \Vt-vk :m enthusiasm fun Of thv prvsvz Jack was NW 1 the city and J3 Prince 01' um“! Thu CHIHHH Um hand an them away. polish thun. port Slxfl'ivlvl town haw s prvscnt )‘vnr tract. tiw yn mm and [.103 is a “111va town. and I)! 0110 Of ”H- In \Vl' “('1'0 21”.! frivnd .luhn Kim tlm other day usual stah- m" :u-t W0 hulw in 5v.- 1 before long. It was rumored ti Thv he Great Lakes holiday have no ( to the genorafly pm that the automobile camping are a are these large hodivs really inland $0115. a own, indeed. by flu is said that. they aw From Port Mth of the Lakes. is Mm voyage. Tho g'rrm of the Canadian Pm operated the same a liners. At Port Mm‘ sees a man madv 11:1: by a village whi. h ODGd from the or}; last twenty years. and a half aftr 2' Eur. sounds the din?:::: below the trax'vllor 1 room spacious ur- which greatlj'gxxlw huge appetite. TOWN TOPICS i. 1111' H a q. ll hn I”! ha 3 m m Serving a I \Vl I] \\ I)