lW°l\i1-live cents.

Ilblrllrssws msc

SPECIAL .locus

ist! not sl 1 ssrtisns irrlkis cci`\sm‘i:'¢s¢h'g'n-;¢ l°°°D!ll\¥ srdsalllailsn sho e

_-I-»"““'. ..$.’.°'...‘»2‘.‘.’.‘. .‘.7.‘£.*i'.°“I. 'Uris 'Mk sul insertion. ’

»,,_ _ _M

(_. ‘.i.l\i"".1.'.i.'

"Ann J, ,Trainor" h -finished discharging a cargo of 650 tons best American Anthracite Cogl for Bunt- atn Bell 0: Oo., She sails today

_ Bathurst, N. B., to ioadlumbor

GUARDIAN U ` ""'f 'v smsumto nam!

l 1-u~

SUi»l0ON§R'BA1LB. s _Schooner

for for

Siilillii tlws

wil I

I I Fox Rlticmnb ln _

invitation

i I

We cordially invite

every visitor to the city during Exhibition Week

to visit our store.

We- will be particularly

pleased to see all our friends ‘fend customers throughout the country, more from_a social than a business stand point, as we would like to get closer in touch with each other to our mutual interests. ”

, Anything we can do to make your visit an enjoy- able one, will have our best _ eiiolts. Our store and stall . - are at your service and we

_trust you will take advant-

age of same.

I5. A. _Foster

Central Dt ugstore

Sunnyside

___.,

“I never saw such order among s

marked a public school teacher to Prin. Moran of the Union Commerci- ul College. 'I‘hat is one of the reas- ons why such good results are ob- tained at. the U. C. C. _

Fortify the general education pl' vided by our Public School system

with a thorough Business foundation Furthér contérences of the newly M White Sands. P_E_I_, Sept," 16

William Beck aged 86 years. I-Ie was

for a business career.

You will in an probability attend affairs of Ulster, if necessary, have h°“01`°d “Hd FGBPBCWG l2l1l`0\lE\1 hit ' 75_

y lon life in reli ion a Methodis

u been checked by the illness of Sir Z I Z

ur ns

Business College but onco, then wh not_ have the best? It costs yo

"Our assortment of toilet prep 11° favor. wo novo lc if le

5011. Drulgist. 1529.94

:tin asking you to leave a seription here we oder you a supe

FY _ Kern personally guarantee that claims advertised regarding our scription department will be enl- out to the letter._.Ws oiler you what the doctor orders-ingred

d°llV°l`v Of every order. We can

any doctor. Leave your next-_

f,',*f 0011. snvauoms.-save money

and get your hard coal in this wcck

per

domestic ones found worthy of p

found ln tbl, |°mm_y_ J_ _if bi' as prices will advance 50 cents

d ton next Monday This advance is

in per ew ot, York Giants have won the National-

~ Zu caused by the American dealers

pr* creasing ztheir prices 10 cents ri ton each month beginning May 1

service in' eve respect, The mmf: 13”- 1 1

summon here' TM M°'°Ki““°“ Dmg yet been heard in the matter of

ll “"'

“ 'run orrv or svnunv.-Jrho s

“ed here teams which played o years ago. mst this evening from Montreal, and will

sail about 5 o'clocl»: tomorrow morn-

icnts ,

1 th t _A ing for Bt. John s Nfld., via Sydney 0 8 “res and best (Mm w° °( C. B. Buutsin Bell & Co. are her

P .

fer you courteous attention, prompt Agents

°‘°' s. city ol sydney will no aus

at-

pre' It is probable that the last has

New York. 1801.

Co., Corner Great George and Kent Ste- Mu.

:IFor sores, scratches, burns, cuts, bruises, skin 'eruptions of any kind, Rexall Healing Balve is l>re-eminent- lv the article. It has unusually an- tiseptic properties and brings about a_complete cure quicker than any 0fl\0\‘ Preparation we know. Sold with the Rexall guarantee, money back if you are not in any way sat- isfied. Price 50c. The MacKinnon Drug Co., Corner Great George and Kent Sts. Mtf.

::Bnntain, Bell & Co., for best

wal. lowest: prices. 9-23Mtf. _._____......_--

WILL NOT CUNONIZE

SIR EDWARD CARSON

LONDON September 27 - The

Trade. Mr. J. M. Robertson, speak- ing of Newcastle recently, said that

0 Sir Edward Carson's provisional gvov- the 91”” for t em” V95'

large a _number of students," re- °""“°“'° was ““_°°°“°'“i_“_b‘““‘l" *md .;»;».;..;..;»;..;..;..;..;..;~¢.;..;..;..9.;..;»;..;~.;.

practically an impossibility, which could be ended by the British Post Ofiice cutting it~otl from the rest of

the world.

The Under Secretary declared that Sir Edward Carson was not prosecut-

ment did not wish to make King Car- son, St Carson ”

formed provisional government to take over the administration of the

Edward Carson, the leader of the Ul-

the

city owning the plant which at present supplies Charlottetown with its electric light and power. As is only too well known, all citizens of Charlottetown allowed the golden opportunity they had recently , of becoming the owners of the plant, to slip by, and the business has gone into the hands of a Halifax firm. Now that perhaps it may be too- late they have seen the error of their ways. However a good many of them think that a. further effort should be made to get the plant for the city, and that treaty for _ its purchase. should be opened with

meeting of the Council. It is urged

bu ness w g citizens, who are desirous of ownin h l

IN MEMllHl_iii__

:ooze ozoozosfocz zoozoo. :o¢,n,

°é'°1°° .=. °.' .

1;! Z=Z 2

0_ ed for the reason that "the govern- MH WM BECK

rt man of fine christian characte

about the Bame` Like everything stcr unionists, who has been ordered 'mme daughters- Flllleflll Befvl

else, there is but ONE BEST Busi _ _ _

ilcss College-and that is the Union t° befthybaeggggisiin to prevent 8' E_cr€I_°?In§;1§tt€da:§ inlasrrggffor’ 3°

place in the Murray Harbor Cemetery Mr. J. O. Hyndm:-in

Commercial.

Learn Shorthand and learn the

"“"’t "y“”""“th° °“° t”“'“ l“ “H is not the onlef absorption ot the The death 'wok place at his ho

comp e e r

Extensive prolects are entertained

for a great review of volunteers ol Saturday but that war preparation

MR. WM. MCNEILL.

the leading Business Colleges of Can- _ _ -

_ _ D om 1 dlmted by the request of Fairview, Oyster Bed Bridge on t

udagtnughf' by an Instructor who til e ist filers to advance the hour of °"°“lDS 0! AUS- 231311. 0! IWUU8

has graduated more shorthand writ- e W0 Q t Q t H Mcyqem after an mae” of tm. crs than all other teachers ill the an imp" 'in of Ya 'mme so as months: new B d lea., -1 Prévincd l combined_ Get an “ppm as not to lnterert. vlith the review. Mar "et A- I1; time _ $231 ¢;iV;']1t°cl}i1;

rfrbln into, no had at inn Union com-

l'rin. Moran for full information.

...__,.,._._.-»_.----

Minard’s Llnimsnt Co. Limited.

' John Rodbert, Caroline, Martha a

mercial College. Write to or call on ` ~ _ Edna nt; home; Mfg, John B_ Mn

_ s -

"The School that has won the con- ' on mn gl funeral took place on Saturday, Au

iidcucc of the people."

The U, C. C. is now enjoying th

busiest, brightest and best term yc Come und join us-we are all going succcsswurd.

Whnt work do you want in the

business world? Shorthand? Type- \vl'iting? Bookkeeping? Brokerage? Blinking? Civil Service? The U. (‘. C. will provide the training and prepnrc you to be thoroughly competent in shortest possible time.

our class-room today, friend, And

There is lust one thing missing in

that is YOU. We want you more

than we do tho price ol your scholar- 1 S tu du ;__A' J' cet the sales ol Parisian sage have been

mor on my face for a l g ti an tried a number of remedies without any good results. I was advised to tr MINARD'S LINIMENT, and af

complete cure, and it healed all up and disappeared altogether.

DAVID HENDERSON.

Belleisle Station, Kings Co.-, N. B.,

Sept. 17, 1904.

ygoojoozoo 'ozo

:c "‘

»:~

° o

.=.

O . . 2 .

,S 4’

O .

O ..

~ o o 2 ~.~ 4~.'-°.»°!- ~.°

oo°c»°»° ; Qu: 'o °»'eo’u°»'0:M°N

TEL ARRlYAl.S»

ooo»o>»¢o»oeooo :os,se,n.»,oo.n,s».oe'o».n°oo.so.n‘o`o¢.s»:e

°¢ . ._. -:- .;.

The following registered at the

Victoria I-inte on u r y

ust 30th,_from his late residence :the Fairview Baptist' Cemetery.

` _"______,,__,l.._1'.

Q _ _ U tel using several bottles it made a THE DATE MARGARET AULD.

At Cove Head on the 23rd inet

ond loving sister.

Dearest sister thou hast left us

And thy loss we deeply feel

But 'tis God who hath bereft us

He can all our sorrow heal.

'Yet again we hope to meet thee

When the day of life is fied

Then in Heaven with joy to gr

thee

““" fm' ""` ““°l' ’"“ "’°“m b““°‘;” cnrnuboll, Boston; J. A. G. ullln, where no ,amwell is Ba,d_

by our trnining. There is a pla c M nm ue, N R Norman Hamar here lcndy for you. Why not take FDM glyczldiné lflnmax. A' H BMS:

' ' ' ' ' ' MR. ALLAN D. MCDONALD.

ii?

Principal Moran is ready at an time to give you all possible infor- mation regarding courses, board, school, teachers, etc.. etc. Write, cull or phono 2'l5L or 2991,...

1789-Mti.

icy, Goderich; B. M. Beckwith, Mon- t l' W P Walsh St John* O S

y 'ea ' ‘ ' 'I 'Mo tyealfg R; 'A deep gloom and sense of sadne

Nicholas, S. S. Sib ey, n , I.. Gibson, Halifax; F. R. Maclienge,

Mrs. C. S. Jopling, Montreal; P. S.

_ 1

g=_._...--==---

QMAKT

.THE “BOSTON” HAT)

\swAN'-ltussul. co., minus

‘ Time; your guarantn _

For sale by all leading dealers.

1 Z _

, ~.~ _-...X 1' _ _ -,)`_.`:»i,~._’;' _~

KIT

<33*

TH I BCA? IN TH N

SAVE COUPONS

L_ .MT C "W “V NF V i `i"_~- ter the gervlcc at the grave his bod

1 Poultry N Otirre

f We have surfed our regular Fall shinplngsnd canning

i» iF w s dChieken.

- blishn" and "quite lugé q\i“¢'lmac;i‘i-dinlg tognslity, We

out pda” -3 ui“lttiiills::sdiirtco`eynable us to fill some large .

are nuyinz ear Y . hwmg Pom,” ,nay ,|,,,,,1¢’¢n1l

Wes'ern contracts. Parties

- 1758-9-a7lf6i

Of Wfin lil.

_ Chsrlotte_tosu

_ A._,

_|_ -

Hamm, Montreal. _,_ B_ Gum Mom honorable and respected residents

“BBL ' ' Cherry Grove, had passed to his et- and scalp itch are caused by ge,-ml

ernal reward. .

The late Mr' Mcnbnald W” ‘1 _man germs and removes all trace of dan- »- _ _ of splendid habits upright und hon- drug |,, _two wegkn or mm,” bank; 1;

est. in his relations and dealings .tops mmng hair and “ching scalp with his fellow man and was deserv and D,-,vents baldnesl _ “HY esteemed bi hi! mBl\Yf1`l°“3lB Remember that baldness is caused and acquaintances. Only a few short by dandy-ng gg,-mo' en," “tue na,-,-1,

t0 working persistent devils that day

~ ____f-1--"_,*-_'»:1l' E.-.'._ - months ago he was seell attending

lY and night do nothing but dig into

' in 1 s

. ..

2 "' 1`~t` ` ` ` `*¢- his rlutics' on his farm but sudden 'VERY TsMAN" he was taken down with kidney di

hand was heard expressions of se

Toronto, Ernest H, Owen,_'l'oron o, row und sympathy when it bee

F. C. Wol-tune St. John, Mr. and am

' known that Allan D. McDonald, an ge,-bony, (og Puls) in-oven thwny

°f that dandrufi, falling hair, baldness

aid and the,loving ministraticns

it exam lar atience and recogn

_ c rt . w' h p y p _ ""““' " °°°° tion to the Divine will and bein "°" '”‘ °"* for-clllotl with elle lm mm of r

was laid to rest beside that of h

who redecasssd him four vea

est Mrs. I-I. ldclilachren at Newpor-

ers were Messrs George Leslie, Fra itlcbonald Nephew of the deceaee

‘rest :fu poses;

the

new owners. The matter is under Miss E. R080" consideration at present, and it is 58. llkoly- to no brought up at the next Mr- W. K- Rogers

that le would be to the advantage of Mies Bartlett and the new company to let the city 59. take the business over from them, as MY- W. W- Clark

they would be starting in on their

l|lZESllI|lENl»» S

| | | n er ecre ary ofthe Board of si ithout the Godwin M

the Mrs. Alley and i

A. W. W%€kB

» o o . e°°c”e°°s

°.°@°2~°I°~!~°!-!~

th Mr. Percy Pops

ll- Dr. Alley

He leaves a widow, fo so and

'ee

Ok 88.

m CALGARY, Alberta, Sept. 26-The ee question of whether or not the city ol ec Calgary ' hes own; to an early

_ s ). g d- closing by-law ure 'e in 'mirror ' ll

dole tmilllhl; in a Dru-Ciilctll _S°l1001» ren, viz. William Henry 0. B. Bridgel large number of clerks employed in

nd the Calgary stores is the cause of c- considerable discussion at the present

' Clure of North Rustico, and Sophia time. Nine hundred store clerks sent

Dear Sir --I had a Bleeding Tu and Fannie of -Waltham, Mass. .The a petition tothe city council asking

Q t

after an illness of several months The matt-,ar will now have go no |;nk_ borne with submission to the Divine en up with the legislature and gnc will and trusting ln the merits of her necessary authority secured

Saviour, Margaret Ellen 'Auld aged ` __._._.

71 years, leaving one sist r d th r- I ° brothers to mourn the logs gil a kirns

5°' Parisian Sage is the quickest acting

“ch as is s°ld°m mt' ‘md °“ °v°"Y and most efficient hair tonic in the

ease. 'For some weeks good hopes ,.,¢am_y_ were cntertnined for his recovery but Pnl-lalan gngo ln a dalntlly perfumed, suddenly a Change 101' thé WOYBB took hgh- drggglng, not gtlcky gr greasy, P1806 and ill SPN’ Ol *_-5° bel! mvdlfrnl and any woman who desires luxur-

g ol isnt and bewitching hair can get it in

his family the and came and on two weeks by using' ie. Comes in

g___,/ Monday night, Aug. 26th, he quietly ln,-ge 50-cone beetles ne Geo. E. A-r ALL breathed his last. _

DEAL£Rs|54 Although his illness was ol a very counters. The R. T. Booth Co. Ltd.,

painful nature .he bore his sufferings Fort Erie. Ont.. Canadian gakers.

1- » - _ ,, _ _ c ' ` ’

'I B

Holy Catholic Church by his pastor,

Rev. R. B. McDonald, his virtuous _ - _ .

soul went forth to meet his Master. ‘

I-its funeral took place on Wedncs- _

_ day Aug. 28th to Bt. Mary's Church _ - __ _ _

.__ _.__ _ _ ___» ' . and was very largely attended. Af- U

wife D _

ago. He leaves to mourn four sons and three daughters (vin). The eld~ lm r.. plume. 'no I. lieu: st.. New Your

Hugh of the P. li. I. Railway, Jos. wonumnl mules. | mlvo also roam is mr nn mul comma -'r h°m=.1>°n»1d r- §!‘.»°...',.€.'.‘,i‘i'i’.i.‘.'.'.‘v'.'..'.“l°¢i‘i;..,l.“:.f;' Jinllii in Wogtern _ Canada; John J. and ave hall, and recommend It to my frlmb."

Margaret of Boston. The pall henr-

, \

(

An us McVarish, Michael C-ampbell,. and un-more un-_ om fnmrocntlon me 1-naps.

Frank Mcvarish and Patrick Powe . ,,,_,,,,_ "_, km, Im, ,, ,, The Guardian extends its sympathy me mn or iso mln nnm ow is oem"-»s.

to the hercsved family. May his toni m,.,,,, ,,,,,,,,¢,.,_

-llii llilililil Liiilii

- (Canadian Press)

NEW YORK, Sept, 27.-The N

. League pennant and the world's ser-

ies between the Giants and the Phila

. dslphia Americans. the same two

This is the fourth pannant which New York has won.

i ""1 t” t'“° P'°°°'“’“°"“ P" “P “Y 'rl-la orrv Llowrluo PLANT _ -_ _

uotvaseosoeseseeeeeeoon

-The mixed foursome handicap mon- thly match, played on the links on Saturday afternoon, resulted in Miss Haviland and Mr. A. W. Hyndmon making the best net score, and .Win- ning the prizes presented by the club, The following were the dy-nw. ings and tlie not scoresz-

Miss Haviland* and

53.

Mr. A. W. Hyndman,

Mrs. W. S. Sutherland and

. 57.

Mr. Robert Robertson

64.

Miss M. I-Iaszard

64.

Mr. A. A. Alley _

Mrs. Bagnall.

64.

Mr. W. S. Stewart '

Mrs. J. O. Hyndmnn and

75.

1 Mrs. Warburton and

B Miss Earle and

EARLY CLOSING LAW*

c IS A LIVE ISSUE e .___

`~ for the passage of such aby-law. A o number of the merchants of the city

objected to the petition with the re- sult, that the matter was referred to the council's legal adviser and he came to the conclusion that Calgary

-» had no power to pass such a by-law.

Parisian Sage, the Hair

Renewer ls now sold all over Canada.

Since its introduction into Canada,

phenomenal. This success has led to many imitatious similar in name. Look out for them, they are not the

genuine. See that “The Girl with the Auburn Hair" is on every package.

f' world. ° It is made to conform to Dr. San-

Parisian Sagw kills these dandruil

5' the roots of the hair and destroy its

Hughes. and all drug or toilet goods

Y is s

cl\.' ru = --l la. l ea t’ hollis 'of 0:01!! Rftlgswl .Rudy Relief w‘i‘tll:

lilllilllil

l The Relief is the but counter irritant known,

used in Nenrelglmn R2? lfmo‘nwtts:“‘;er‘t' sofa

which will usually be in the course of ten or

_ l>ll|Ni:E Ebwlip lsui

. > .~ ~ »

interesting History and Review.

‘ (By Mr. J. E. B. McCready.)

` to

'A single pelt of n sllvol- ln; from a ranch in Prince Edward Island, Canada, was sold to O. Lamp-gg'

B011 & C0., of London, in April, 1910, for £540 ($2,100). Other pelts from the same ranch were sold to the' some purchasers at the some date for £530 and £500 each respectively. Twenty-seven skins, including thou, above, brought £1601 ($38,005), an average price of £281, 14s. id. ($1,400).

Since 1910 practically uc polts have been sold from the Prince Edward Island ranches, exceptingpf

foxes that died from accident or disease, or such as had grown too old to breed. The reason for this is oh-_,_ vious. The profits from lo;-ul-ending und proved to be so exceptionally large that many desired to enter the' business and thc demand for breeding foxes absorbed all that were produced. Bl‘0BfliI18 i010! WGN B010 in 1910 for something more than their pelt value, say, £600 to £800 per pair, and a number of new ranches were es- tablished. _

The profits were in many cases large and in some eases exceptionally so. One well known and reliable”

citizen of Charlottetown told me that his first venture was to join with three Olillflftl ill U10 lJ\1f¢h8i0 0! B pau- or foxes, econ putting ln $1,000 (soy £200). one yonr later no took out profits of 817.000 ($3.400) and still retained his shares -inthe lucky pair of foxes. A lady of my acquaintance ill'/Gated 5500 ill 101 Blmrbs in the autumn of 1911 and one your later drew profits of $11,080. Many cases of equally large M00'-B mizht

be related, due to fortunate circumstances and rapidly advancing prices.

The effect of such rapid money-making in a small community composed mostly of farmers can he more

easily imagined than described. Where the fortunate ones were doing so well others became desirous to share in the profits and scores of partnerships were formed, each of which bouzht H Dull' Or tW0 P8111 Of 1010! Bild built. a ranch in which to keep them. The success attending these ventures was uneqllfll 0Wi“E to the want of

knowledge and experience in the caretakers, but in the main there were very handsome profits.

Down to 1912 the business .olrox-breeding WHS °°“d“°'=°d as a privew enwrvrise by individuals or-

partnerships. In that year the first fox companies were incorporated by special acts of the Provincial Legis- lature. There were ten of these companies whose authorized capital was fr0m $20,000 to $60,000 ea¢l1, mak- ing $335,000 in all. ~After the session many more companies secured incorporation under the Joint Stock Companies Act by Letters Patent. At the session in March and April, 1913. there were 38 fox companies incorporated by act of the Legislature, und since that date many more companies have been incorporated un# der Letters Patent. But many fox ranching concerns, including some ofthe largest, are still not incorporate- ed. ' '.~

Down to the present year there were no statistics available of the fox-breeding industry and many*

guesses as to the number of ranches and foxes therein were quite wide ofthe mark. But at the last session of the Legislature provision was made for imposing a tax of 1 per cent. upon the value of the young foxes horn from your to year, such tax to be in lieu of the tax on income derived from this source. Under the pro- visions of this act an enumeration was made in August last of all the fox ranches and the foxes in captivity in the Island, together with a sworn valuation of the young foxes reared this year. gg

As a result of this census it was found that there are 233 fox ranches of which 101 are owned by ln-

corporated companies and 122 by individuals or partnerships. In these ranches 2,480 foxes of all grades arg, in capitivity, of which 1,325 are classed as silver-black, 44,3 patch, 32 cross, and 99 unclassed foxes. Thi;

sworn valuation of the young foxes this year was slightly over $3,700,000, from which the Provincial Gover

ment derives a revenue of $37,000. ug

The value of the young foxes of this year as found by the official enumeration was considerably unde`&

the actual value at present selling prices, but was still sutlicient to pay 00 per cent. on the capital investeg in the business in January last (estimated at $6,000,000) less the cost of ranching, which would be about 1 per cent. The companies and non-incorporated ranches will pay to their shareholders, mainly in Septembeq and October, dividends averaging 50 per cent., but with a wide range from nothing up to' 500 per cent. and‘ over. _

And yet the year was in several respects an unfavorable one owing to the number ol pairs whic.§

failed to produce young, and the number of litters lost at, or shortly after birth. This resulted in lurg part from the great number of new ranches for which skilled and experienced caretakers could not be ha%

A well known breeder assures me that 90 per cent. of his young pairs have litters at one year old, an

that his entire ranch of old and young breeders this year averaged 4; young per pair. This is of course r '\ markable, as the average production throughout the Island this year was a fraction under two young per paix Littcrs of seven and even of eight were produced in some cases and these found ready sale at current price of $6,000 each or $12,000 per pair or better. This yenr's young of a single vixen were sold for $48,000.

It will be readily seen from this why the profits of fox-breeding are unequally distributed. A sma

ranch may have excellent luck one year and indifferent success the next year und vice versa. For this reasrii many investors distribute their purchases of shares between a number of ranches in order to obtain greater'

h h v been few the worst to be anticipated being

a small dividend, or none at all, with the hope and prospect of better luck next year. On t e o er hand- hundrcds of shareholders rejoice ln their good fortune. In a bulletin of the first dividends declared tha

certainty of results. Actual losses to investors in fox s ares a e , _ .

` ll th

venr, posted at a well known fox exchange in this city, the capitalizatlons and dividends of 15 compani'

` are as given below, the names of the companies being here omitted: Q'

$100,000... . ......320 per cent.

90,000.._...... 45 per cent. und 100 p.c._stock df 20,000 (Recapitnlized) . ...900 por cent.-300 p.c. cash, 600 p.c. stock ;,q,» 60,000......... . ......119 per cent. and 250 iw- MOCK

150,000_........ 40 per cent.

625,000,...... . . .. 40 per cent. _ _ _ -_ , _

25,000_...... - 95 per cent.

50,000....... . .........200 per cent. , |, = f »

` 190,000....... ........17Z per cent. .

30,000........ ........179 per cent. . 190,000...__.. 60 per cent. . .

50,000_....... ........225 per cent.

40,000,....... . 20 per cent. . 1 45,000__...... _.......2i0 per cent. ,

(not stated)......... ........340 per cent.

For the better understanding of the above it may be stated that it includes companies having from §

to 20 pairs of foxes each respectively, and their capitalization ranges from $10,000 per pair up to ovcg, $30,000 per pair. The highest dividend recorded above was the result of rerapltalization on earnings of ovdg 300 per cent. While the dividends tabulated here are no doubt much above the evernge earned this year, there will be a considerable additional number of companies that will pay from 100 per cent. to 200 per cents; in October or later. _ _ "3

Three successive years of large profits have demonstrated that silver fox breeding is by far the most

lucrative live stock industry in the world today, and the confidence in its future by those engaged in it was never before so strong and firm as it now is. That confidence rests upon the following well-established facts:

That the native silver fox of Prince Edward Island produces the most valuable pelt known to com-

merce and has broken all previous records on the London fur-market. _

That the strain has been improved by careful breeding so as to ensure the reproduction of high.pelt

values from generation to generation. '

That the conditions of soil and climate here are uncqunllcd elsewhere for the production of the silver

fox at its best. ~

That 85 per cent. of all the sliver foxes in captivity are in the rnnehcs in Prince Edward Island, That elaborate reports on the silver fox industry here have been made to the Canadian Commission of

Conservation by J. Walter Jones, B, A.; to the Russian Government by their special Commissioner, M, Vlndl- mir Goncrosod, sent to Prince Edward Island in the autumn of 1912, and by Wesley Frost, American Consul at Charlottetown, these reports having created a very wide interest throughout the world. `

That the production of all the more valuable furs has fallen off by 50 per cent. during the past twenty

years with ‘a general advance in values of 200 per cent. to 300 per cent. during the same time. and that the constantly increasing fdemand and tho decreasing supply from the wllds can only be met. by breeding fur-bonr- ing animals in captivity. ‘ ,

That, as stated by Mr. J. Walter Jones in Fur Forming in Canada, "it is desirable to breed the

species producing the most valuable fur rather than those whose fur does not produce such a high pl-ice. The sea otter, the silver fox, the Russian sable and the chincbilln are the precious fur-bearers of modern times. All of these except the sliver fox are now off the mnrket because of a restrictive close season established hy law to enable them to reeuperate lu numbers. None of these except thc silver fox is bred in captivity."

That. the entire production of raw fnrs in the world amounts to a value of $110,000,000 yearly and the

manufactured fnrs to a_ yearly value of $350,000,000 and that of 1,827,000 fox skins included in the above in the year 1909 but 4,300 were skins of the silver fox. These facts demonstrate the great importance and vn- lue of the silver fnx-farming lndustry, of which Prince Edward Island is the centre.

At present the value of ~tbe foxes and the ranches in the Island is over $10,000,000, being about 25 per

cent. in excess of the value of all the horses, cattle, sheep, swine and poultry on the well-stocked farms of the Province Prices have been advancing for vesrs past and have never receded. Most of the young foxes born

‘ i. b d bee ti ned in advance bf their birth at $10,000 or irore per pair. As the demand consid-

.nst spr ng a n op o erahly exceeded the supply, the price advanced to $12,000 and $14,000 up to $16,000 per pair for choice stock,

and many intending purchasers were unable to obtain the foxes desired.

Already options are being purchased (10 per cent. down and balance on delivery in September, 1914,) '

on the young foxes to be born next spring. The selling value of the prrved breeding foxes ranges from $20,- 000 to $80,000 par pair, although there are single foxes of high fur value and large litter record that could

not be bought for $80,000. ' . ‘ 1 ‘ ‘ _

Three years ago there was not a single' resident of the Island whf\~»~ cnti~'~ possessions reached 5500.000;

now several fox-breeders are in that class, while one or more has passed the million mark. Others have in- comes of $l0.000 to $20,000 each from their fox investments, while thousands c' shareholders are receiving

25 per cont. to 200 per cent. yearly on investments of $100 to $1,000 each.

Most of the fox ranches cluster about three principal centres alonv lb” H" " 1'0l\WI\v 8*- Albvfl-011.

Summerslde, and Charlottetown, these towns being about 60 miles distant from sac" -ther. The usual loca- tion is in a grove affording natural conditions for the animals. The mesbed wire ev 'esure surrounding an arcs from one to five acres. -is supported by posts 12 feet high, with tie wire overhar “Q inwards at the top to prevent the foxes climbing over, and also turned in at the bottom to prevent than ‘ulrrowing out and so cscapinir. Within the ranch are the pens, each fox having n separate pen enclosed with mesh wire, and with- in is a kennel. or enclosed sleep"‘v place. '

Tcparsaremae an _ , g

_nf-_rtml of gestation is 51 days. The larger ranches are ln some cases rrnished with electric appliances fbi' lwhting 'and giving alarms in cases of attempted burglary. Most of the large ranches retain is veterinary as wel! ns A day and night. watchman to‘lnok nfter the foxes. The animals are fed chiefly on ment. but with other (ood as well ouch no blscul¢,milk, etc. The actual cost of food yer lox does not exceed $10 to $1_5_

yearly. ' _

As to the future the prlr-' breeders are confident. that the sale of live foxes for breeding purposes

rfmeh stock would average $1,000 unch. Assuming that meh pair produces u pair of young yearly, and nan all this averare is much exceeded. that would give $2,000 yearly, which would still be 20 per cent interest

number of years. _

BADWAY I C0.. Montreal, Clit.

_ .ii J. .I _ _

h i t rl u u llv in J apnnry and later are separated for the remainder ol the year. The- H

will go on for vears to come. Eventually the basis must be the selling value of peltn which for the beltt\ _ g,

on a price of $10,000 for the breeding pair. So the future looks rosests to the fox-breeders for an ludehnite' "

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