l4-

l

$22,000,000 BET T0 f CANADIAN BACON PRODUCERS l‘ UNDER EMPIRE TRADE PACTZS

Further Profit of $12,000,000 to Farmers if Brit-

ish Requirements are Met, Says President of Canada Packers Limited in Evidence Given ' at Ottawa Before Stevens Committee. Hog ‘Elli...

Marketing Methods

I

Exhaustively Probed.

A poilt to iibs Canadian farmer g goon sfl,000l000 in increased hog pneesasarasultoithe Empire agreement over the per- iod between larch 1 last year and ms and ci

by It.

of or-ganintim operating nve plants throughout the Do-

minion, in evidence given on March ‘I before the Stevens Parliamentary committee at Ottawa. Mr. Maclzan

i

J. l. Ilaeibean. pres- idsnt

l

alsopredicteda further increased madeiitheproductoi Canadian iggjgfldty gain oi 012000.000 annually t0 001' Mes. the bacon that was shipped everybody com nmpireIwmigi-no, has! boenonapar with the fresh porn trade.

bacon farmers under the agreement quotas ii they can raise

their product to a par with the chle-i mznpkitar wth the Oauadianfiifg,

quality oi Danish bacon. i-le un- let

December, was eetiq Canada Packers Limited,‘

besltatlngly attributed to the out-I obtained iii the British marketl

emphasise most was that although . that enormous profit was made by l Qresson oi that deal. a further pio- iilt oi 811000.000: that ll. l0 per Ms ,cn 6.000.000 hoga- Ths Chairman-You mean. that‘ <was the proiit to the iarmer? . A-Yes. | Mr. Factor-i do not get that- six million dollars to the farmers,‘ you say? I I A-Yes. That further profit might just as well, m- would have been

the Danish ban-n. which is

, Q-What would the beneilt be ior the packers? A-There would be nothing ic

‘you see:

tca-nioronethingthamarkattlie lasttwoweska above accuatomedleveldus bad tberebasbeena tightaituaitoacnhol andthemarkiet abovetbeaomistom-

E

Q~8owd0es pcrtlevelilxesyowbfloewawill sayatloenb

A-Yes. Q-‘rbeniheroadssvtbaihand youinabeabovethati

A-Yes.

Q~Wllylsthatf

A-Because you have to. There an not enough hogs ior ths iresb pcrktrsdeinthshands oi the paekeraand, coursmIhBIOI-N paokerewho uotiniereetedin thsexporttradsatalhandthere of iieehbwk. and esmiobuyhnsefor

Q-I see; then this price prevail- whioh l spoke about this morn- ing. 0 i-s cents was really the dc- mutic price, it was not tbs Brithh price!

the substantial increase in hog the packer, only just the same as A-Yss, domestic-two to three prices in the Canadian market. andpie gets now. well, tha. is clear. ii 3111111585 above m; upon; market

predicted that Government can secure an_export outlet i0r 100.000 cattle annually it will rake the lrioe oi beef to the producer from iour to ilve rents per pound. . The witnas was question ’ closely by Hon. Mr. Stevens, Min- later oi ‘rrade and Commerce, and other msmban of the committee on every phase oi the hog marke.ing situatim. As the subject is oi gen- eral inhrest to agricultural readers in this Province, the iollowing ex- tracts horn the evidence are pub- lished from the verbatim recordz. The witness: By way oi recalling what I think is the most import- ant pointed all, I dealt (in a briei submitted previously) principally with the hog situation, because at the moment hogs are the branch oi a livesimt industry that best exemplify the underlying princip- les with which I have been at- tempting to deal. and I stated that the mglkh market, an outlet for e00.000hose.orl0peroentoiour total in the last l2 months, since March or last year, had been oi enormous value to our hog producers. I made an esti- mate oi the value. I did not make any recalculation oi that. I would likeyoutoknowihatwasiust an estimate I made on the monthly output, multiplying 6.000.000 hop

systnutehepomtswanteaio

GEIITIIAI. Glllilllllll

Illa Call-l la served for news d lsul interest but advsrtlslig of a lawq nature Imp be llseriad as I seats a word sir-oily Nimble la at valued

BOX OPTIC! OPENS FY1018!

giorning at 0.30 icr St. Patrick's lay, 510$.

I18! IDNA PEACOCK. Demon- strator for tbs Gosssrd garment will be at our store ruemv. March 13th. any person widiins to be titted please make your appointment! early. Prowse Bros. Ltd. L-10'10.

I0! INIOIIIATION oi iox ranchers, we wiah to again an- nounce that pelts are being receiv- ed throughout the entire year at the oiiies or J. A. Webster and 0o, lld Richmond Btreet, Charlotte- town. Tbs Yrines Edward Island hir- PooL 11-990

A‘! IDTAI! — "The Lost Art oi was the subject oi a

thoughtful and thought-stimulating address given at the Rotary lunch- eon yesterday by Rev. Father Albert Murray, who has been preaching in

and ii I may tcke s. iew minutes I will do that. You see, the packer gets a fee for his services. He buya' the 11088. ships his bacon over there, and when market conditions are favorable, he makes a profit. It happened that in the last l2 months the packer has made a very large iproiit on that export busin , be- cause lt has been shipped practi- cally all the time on an advancing market. The packer buys his hogs indayandthebaoonissold its niglsnd two months from today.

Mr. Young-You have no way of hedging sales against purchases like you do in grain?

A-ho, no hedging at all; the product is consigned. On an ad- vancing market the packer makes an extra prciit equivalent to the advance that has taken place be- tween the daies he bought the hogs and the dates on which the bacon is sold, just as on a declining market he PIN that loss. That may be a. little coniiuirig, and I must make it clear. Every time the English market advances. that is immed- iately o-abled out to Canada, and. within l8 minutes the news of that advance is spread all over Canada from the Atlantic to the Pacific.

Q-Well, this drop that took place in the price oi hogs yesterday. did that come from maiden‘)

A-Yes. it came from two tac-

the Bt. Dupstanu Basilica and giving

town. He stated that he expect; when he leaves here alter Easter, have given in all eighty-two talks in . this city. He stated that one of the great troubles oi the world today ll the lack oi thinking, or superficial thinking. 0n the part oi the people and that st a time when more mon- ey is being spent on. education than in any other time in the history of the world. He spoke oi the tabloid newspaper, the screen. a certain type oi magazines, and other agencies as being “drugs to thought." He said it is easy to make an indictment but it is more difficult to point out a remedy but people should begin by taking llie more seriously and adult . Al a. u A . m

tarian R. L. Cotton was in the chair and there was c;1: guest, Rev. O. N. Brown. President Hi shuon refer- red to the death of Mrs. Maclntyre, mother oi Rctarian Heath Macin- tyre. and the Secretary was asked to send the latter a letter oi condol- ence. Past rs sident W. M. Rowe was appointed chairman of the On- to-Detroit committee. The President thanked the Birthday Anniversary and Rural Urban committee on the success oi the meetings held under their auspices.

‘Tlvsrtlsiag Rates-Payable in Advance

gq-Qhgl ai do wardi We 0n! and filters lssallt ls m; Allasazmzfhla alrrfsla ag Ivsusa lo I I W" ‘I u. "l." ls Ioassrla- Notices. ‘me pu- lava; l. aia ai floral and spun-g." cords, sls . 6e per I lnsi l4 srra oi Cs wiifsiue , ‘he war l-aali llotlees B: ran-s- and lpIfl-"lli as. 1o- aor luck ar le pa ward Ctkav

‘I XIIOPII

ems-s sis applla-aslo n

Ills-g- charge for any advertise-sat twenty-five ‘oats.

IO‘ O

lAfIi-ls per word. nine inner

tlaaa lav she prise er ma, mirils Dlwalls in d sacs.

For $8.1:

I0! saal - rlm TUBNIPS. A W. I. Douss, Royalty. L400.

Will. SILI- CIMI RADIO I0! iwty dollars. Appb i0 Grafton SIMS. 11-1083.

IOI lllal — AUCTION IOITY-

‘loo

‘O0

“.3

Miscellaneous

IIAVI A 000D GAIDIN. FLIN- ty oi everything to sat ireab- and for winteri Mchdyelfs Seed! cost so little and grow so much-

so to 4e per- packet. Big Overalls

P b ‘ New Crop. Blah. T!!!“

Beads. Over 150.000 satisfied em-

torners last season. lnvestlllll-

at Beautiful send 20c for l0 Bis Packets 1'8- ular vegetables with Special Cou- po- good ior see an ant ei-ear. (Coin wsferredatam

guy.” csuraaa lo- '. wing?“ z-iis a-iws

' "m °‘ mm’ w“ m ch"l°"‘°'i Stan lacrsoiflasn. Jackson and

w young daughter leit Charlottetown

on thlsAd asetisrslPaak-m- p Ill

ii the Canadian you stop to think about it, I think, ha; b“; the basis oi the week, We

have had an w», dented oibsdroadaiiuttegobacktnllr. Item's question. l want to make that clear. that the market sub- stantially is always at the export level.

You see. if the market advances the Canadian price here goes up immediate , and ii the market de- clinu the Canadian price goes down immediately; and the hogs are bought on the basis oi the llkisllsh market practically all the time. Rdmembe , that is not an absolute rule, because tbere are a hundred variations to it. But the variation irum tbs export basis is always small,sothatifthehow.iithc bacon were select, it would bring six shillings more. and the farmer would benefit correspondingly. I hope I have made that clear. Mr. Factor; so that ii throughout this year bacon had sold all the time at a price six shillings higher than it actually did, the Canadian farmer would have received a cent a pound, two dollars a hog, or 012,000,000 more for his hogs this year; and thatwillbetheasenertyaenand the following yea-r, and every other year, until dually we do get on to that basis. And so it is ior that rea- son that I think the great problem in the livestock industry today. as

(Continued on Page i)

PERSONALS

yesterday morning icr ‘Trenton, NB, where they will reside ior a time.

Mrs. W. W. Moliaren oi George- town. who came to the city last week, alter the death oi her sister- in-law, Mrs. J. K. MacKensie. will leave icr home today.

Mr. H. Herbert Bell left yesterday morning for Liverpool, N. S., to do insulation work ior the Mersey Pa- per Co., oi that place.

Mrs. Boswell Jenkins, McKenaieh Corner, and Mrs. Russell Jonel. sr t "spenttheweekendin

erside the guests 0i m1 Georgie Gaibech

The many friends of Mrs. W. B. beard, Souris, will regret to know that she had the misfortune to fall on some ice near her own door a few days ago, causing a fracture 0f her leit arm bone. ' On Saturday last she cauit to Charlottetown and entered the P. E. I. Hospital. where. under the skiliul and careiul treat- ment oi both doctors and nurses. she ll doing B1001!-

NOBTI IUSTIOO SCHOOL

Honor roll oi 3t. Andrew's School for the month of February. 103d: Seniors

Grade X-l, Delrua Gauthier; 1. Florence Pineau: 3. Edmund Doiron. Grade IX-l, Evelyn niaoquiere: I. Margaret Blsequiere: l. VON!!!" "33. vn (sl-l. Georilfll 1e- clalr; 2, Arthur LeQlslr; l. Alm lair. Degrade vn (bl-l. Stephan Pith:

Class record according to Grades- Gillie VI-l. Alice mamulm: I- Prancis Blacquiars; S, Loretta Doi-

ion. Q,“ ...1_1ggggaretDt7\@tts;l Zllda deli-at; s, some simm-

qfgg rv-i, Annh Gauthier; I. anrgaret Gauthier: 8, Veronica Is- Clair

eras.‘ m-i Beatrice Gauthier: a-imita is. behest; l. Own-liar

ream Help W=M,_- ;

@111 --'-r.-...

ck Qta tions;

Pivotal New ‘York Stocks

(Oalnlhl Press)

ltoeks

‘Allied Chem Am and I‘ Power ‘Am Smelt . Am Tel and Tel Anaconda

Corn Products . Delaware and Bud

Eastman 90 Gen Electric 2 Gen Foods .. li Gen llotois l8 g lnt Nickel . . 21' int Harvester . if North Americas . .. 10h Pub Ber N J ... . .. IWs

adlc . . 8 Iiiand Oil N I 5 ' Tex Gill! . . Si!‘ ifnlou Qrbids d4 Union Pacific l2‘! I! S Rubber .. 20 l7 S Biol] ... M“ Vanadium . .. Z0 Wastlngbofls H!“ Woolworth . . . 611.5 M T’L CU

I l (Canadian Press! stocks Close l! A Oll l5 liup Tab . . 12$‘ Imp Oil . — lnt Pele . . . . 2a Walker lid .. .. ... . . 16% i.___._i_

MINING

[Canadian Press)

TORONTO March 12—Silver gbaras were the on uniform] strong: gioup in the mining section of the Toronto Stock Iaehau today, but moat of the bass ms l issues held their ground and good buying appeared Ila the secondary and penny gold groups. quite a number of than closing well up for tbs day. Volume was again heavy.

Edoi-ado was the feature nf i e white metal shares with a gain of i cents to 4 10 on a turnover of 83.000 shares lt touched 4.24 In the early lifter- noon. Cutie had about the same turn- over on a rire adraacs of 1 cents to 90. Bear Xlll7illll1 gained ll to ‘f Mining Corporation ii to 240. Niv- isaing 8 to 2.8), White lagle 2 to d1 and Premier d to 1.12.

(Carnelian Press) TORONTO, March 1% Stocks

Close

Acme Oil Acondu . Ajjax Oil Alb Pae . Alex .. .

Amity Anglo H Area Ashley ..

Bagsniac 5 230 7G , d3 . N) . 78 . 12 . 2% . 00 . l . l8 . Q 250 . H) 75% . 11% , 2 B’) . l2 Conllna < 25 Ccniaurum .. - 1m Dome . 3775

01g! oii

Paymasien Pet i? ll C Pet Oil

80 ,St Sud Ba In’! Cont . .liy vent. . . 'l'sck I . .. "horns Gd .

:....:.§=§._.-s..| em... s: s s s:

Pia ~“a*: ...-

IQIQIQI-aaasu" l

Montreal _ Stock Market

(Oanadlal Press)

Stocks

Nat Brew . . . . . . Power Corp .. . Quebec Power

Bhawin ..

Winnipeg Ill I

(Canadlml Press) Shel;

Amer Cyan B Amer Sup Pow , (‘nu rconl

Cities Serv . . . . .. . El Bond and Shane . Nil Bud .. .. St Ind

Glance

stocks irregularly higher. Toronto “lhSS——C|0ICfl higher New York—Stocks moderately

lower.

fee higher; sugar unchanged.

Currencies

firut time since January 3 on real foreign exchanges today, ing 1-32 INTVPI‘. discount in the iitcruoon but a

par at liv- r1059 At its closing It was off l-lll of one percent Sai-urdul’

cents up from Saturday

(Canadian Press) foreign exchange in

Royal Bank of Canada, closed

as follows:- Argentinfpeso .Z$'i0

' Australia pound 4 137'.’ Belgium belga 2331i. Brazil milreis 0900. Bulgaria lev .Wl. China Hung Kong dollars Czechoslovakia crown 041d Denmark ki-ons "J90 Franc:- fram- Alli? Great Ilr.min pound 50081. Greece rlrncliiua .0094. Holland ilorin B728 llungnry pcngri ‘.1900. lndin rupee M55. Japan you 300i. New Zi-nlund pound 417734 Norway krone 216d Poland zlczi .1005 South Afrliwi pound {SW00 Sweden krone 2t‘!!! Switzerland from‘ .3292. United Stairs iiollar pan. NE\V \'ORK_ Milrrh l2—(APl

elgn exchange steady: Give!

510% 00 day lillls 507%:

many 30 70; (‘ausds 1 00 Closing exchange rates--

dollar 1.00; franc ii so At New YnrlP-Pounrl b101,‘; adieu dollar l 00: franc 0 58V; At I’ '

dollar {i0 48 cents; U. S

cents.

llnlil i an Press)

butter storks Canada arc inurh smaller this than I Scar s20 The market f0 grade lu rsrlots or less were ully quoted nt 2.0% compared with 29 to

lu store

Egg values ruled giesdy week's final levels with graded ineuta ln car-lots or I selling for 27 in 28 cents for A 3 io 1'6 rents iii.- A medium and Z cents for A pullrtg, A my“

Lh-i day. The Chfiese market also rel"! {lurigeni Ontario

Illa amsunwi in 310 boxes’ uebrc T t t '

o .. ... tam "h '0' '1 viisntlgal of l n. Yllllll S! l5 f Iidwlrd island mnuntarnaulnmbo bass sold inr Ii 4d to s1 so

Press)

today: Wbolqals notations:- lsr sod io s eauis

lar ats s to il coats. Haddock ii to 1 cents. Pollock m to b!‘ canes Hake 1 to l cents.

can sis to s5.

Lemon soles l0 to l! rents Gray sales 1 to ii cents. Flounder. ll to l0 cents Halibut 181A to 3% cents Scrmi ii to ll cents

"a i Is- n“

N. Y. CURB

Markets At A

[C Pres!) Toronto and Montreal-industrial

"Wlnnipegy-Wheat closed slightly New York-Cotton, rubber and eoi-

(Onnadlmsa Prose) MONTREAL, liar-ob IZ-The Unite-l States dollar sold below pur for the

The pound was strong closing 13-16

while

“French franc remained unchanged at .60.

EXCHANGE

MONTREAL_ March lit-British and relation lo the Canadian dollar as compiled by the

3906.

Britain demand high 5101/4; lnw 5 07%; no” France 0 68; ltuly 8 57: Belgium H B0; Ger-

At Montreal-Pound s10; n.

aria-Pound T7 2i fr; Canadian galls!" lii (l! 1'1‘; U. S dollar l2 21K

r In Gold-Pound 12s M; Q1115!" dollar b9 57

PRODUCE

(C MONTREAL. Mun-ii 12-min». pflg. Lrmed on thi- Montreal an.” Ind produce market today iolloiiiiig news fi-om Utiuwu over the week-end that throughout

costs a pound. ‘. i Saturday. Receipts toisllfil c591“ iloxes at

use of iresli eggs

Clot‘! was offered fur sale during the

' make being quoted ai ° hula cents a pousd while unm- mer c acm- w" “i; to n“ to, ML bred lml ll". coma for white. Arr-h.

P0000 has with alrnllsr -\ew Brunswick moun-

Fish Quotations

(Canadian 305mm "l"! U-—Twsnty-nlas vessels arrived at the fish pier lei-s

‘ rigs-

Mo ut- touch- sa rly flgurs from

the

today

—I‘or-

l. (ku-

year r no l gener- (in

last ship.

la rge_ 2d to of 7M

steady

l0 to

Prince pound

.

TOTAL ASSETS IN EXCESS 0F

}§7S0,000,000 ‘ ‘ ‘l

Miscellaneous

Clnsullasa Pres!)

MONTREAQ Hurt-h l2—

Wheat nor no Z Til.

Barley Clniidllu western no 8 50. Oats C W no 2 b5. Osis feed no 2 42.

Flour spring wbc-st patents first!

IS ‘i0

Flour smonila 4.70. Flour bakers 4 uu. Flour uiutcr “limit patents 8 85 to 3 it’.

Flour white rlrrli i i0 to 4 00 Bran ion ‘.5 Shorts ion Mlddlings ion ‘:0 25

Rolled outs hug 90 lbe 2 00.

Hay no 2 pi-r um earlors — Cheese Ont cuhrent ll to 11%. Cheese auiiiuier Ont lll/g to 12%. Butter no 1 29%.

Bills A large 27 to R

Egg. A medium 2S to H.

Eggs A pulls-is 74 iii 21

POiJtOQI HPDBCI fl 10 t0 HJI. N. B. mta 1.15 to $1 ‘

P. E. l mix Sldfito NEW YORK,

choice

b0. March l2(AP)—lndex of l5 staple commodity prices (Dee 81 1M1 equals lllilii average equals 30 b). Today no’ pri-v day 130.1- Wgok ago i0 0 vcar ago 87.1.

cR_A_11v

(Canadian Press CHICAGO. March 12—l~‘resb activ- ltles and sirougib in the wlicnt market late today lliti-d prices to a material extent, with curly sellvm switching hastily to the purchase side A cousplclous incentive to lots buy- era was official announcoincnf that for the first time since July 1029, the United States when! vialhs supply had fallen below i00_0il0_Il00 bushels. Today's total supply 07901000 bushels contrasted with the total a year ago 162 431,000 bushels. Wheat Eloseil firm at almost tho day's top, Vg-llfi above Saturday's firi- ish. llay 88'.'&-!D_ corn 154$ up_ oats 55-“ advantc llflll provision! changed to 5 cents dos-line. WINNIPEQ March 12-