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JANUARY 5. 1933 _ . -,

. _ 'ri-li: cHARLo'rra'rowN GUARDIAN PAGE THREE.

Minister ol’ Trade an-i Ceizzxnerccl

"'- Tl-ME TABLE 10091' Prices in the exporting count

Leaves Esker Street 7.45 A M tres and our e

CI" to r. M

,Later service by arrangement, barriers have led to progressively

ll _ .

Minister Trade Corntnerc There after the lllll leaves i'Ccord low i»r.ccs, such that the

Economical Condition Of cm gui-, 5£|w|cE l'?;‘J`.’l..§.f’."°`.".§';‘;"§°,",;. ‘;i'$...i;”..i2’f

6 .

15 minutes to and 15 minutes after value of our v,~h¢,,t crop U., the pm_ 1 The 'ilu epidemic is not absiing, but you can do much to

Leaves Sanatorlum at every hour

' s-1_ ‘nh h°'"'° ducer, which as $451,000,009 in 1928 reduce the risk of infection.

The Leader For 40 Y Canada At 1932 ,r$}'§'°&'.I‘.5. i”.'.‘I."'i_".,{"“ ,{" ‘“""_ xf.f"Zff"ff.f°'§.l',`.i§2° pfitfgfiii , ` .j

B The Hon ! -- I i

y arable H. H Ste”°"‘ 0 -» ;f::'.':'..:.:.°;.'.""°';-.=:.li~ M 32"?-l‘-3-’3~”iili5?’§».

l 1'. E A `"

'1=r..l. lm sr. evra..."

K

,Qi 1449-1-4-si.

'ja Ear markings Ii-ls. Finder will

ti’

Q%H4§X%%HH&Q% $69-0-0*

Advertising Rates-Payable in Advance

Central Guardian looals, 4c. per word; Western and

Eastern looais, 20. per word; Announcements and Coming Events, Zo. per word; Classified, ite. per word; In Memoriam Notices, 10e. per inch; Lista of Floral and Spiritual Offer- ings, Cards, etc., 4c. per name; Letters of Condolenoe, 100. per lnoh; Notioea of Thanks and Appreciation, 'i0o. per inch or 4o per word. Other rates on applications.

Minimum Charge for any

santa

advertisement twenty - five

¢+N »M»»»»»»wM serves-c<

RATE:-Zo per word. three ln- sertlons for the Pl'|°° °f "Wi l¢l’|°\|! payable in advance.

Agents Wanted

\Bso1.U'ri-: Nacasslry-AGENTS

wanted to sell absolute necessity to all men at Half Price. Easy md fast selling. Build up a fine re- peat business of your own-150% profit. For details write, Imperial Blade Co., 55 Maitland St., Tor- onto, Jany. Si.

_ Boarders Wanted

BOABDEBS WANTED-APPLY 305 Fitzroyst. 1410-1-5-ol

»_ BOARDERS WANTED -- APPLY

170 Sydney Street. 7447-1-4-31.

_.--1-i1-11--1*‘*"°‘”" ITUDENTB ACCOMMODATBD 148 Hillsboro Street. 7453-1-4-31.

.,__.___-------_-

WANTED-BOARDERS AT £28

Fitzroy Bt. Near P. W. C.

' 7403-12-Sl-Ui

B 0 A it D,E It S ACCOMODATED

students preferred. Apply 7 Elm Avenue. i 7433-1 -3-81

STUDENTS ACCOMMODATED.

Central. Hot Water Heating- $4.50 per week, Apply Guardian,

'M51-1-4-Si.

B 0 A RD E Il- S ACCOMMODATED

near College. $4.50 pe_r week. Ap- ply Mac General Delivery.

l'1'UDEN’1‘s ACCOMMODATED

near College, steam heat, board very reasonable. 18'! Kent St.

1485-1-B-Si.

Wanted _

' For Sale

CARBOARD SUITABLE F 0 R

lining outhouses, etc., lc per sheet. Guardian Office. ti.

FOB SALE -- AUCTION FORTY-

Five, Bridge and Whlst Score Cards. Guardian Central Job Printcry. Nov. 1-tf.

FOB SALE-FARM, 125 ACRES, 5

miles from City. Cheap for quick sale. Apply Guardian, 1488-1-5-31

SMELTS FOR FOX FEED 2 CENTS

per lb. The Earle Fisheries Company, Charlottetown.

7445-1-4-61,

Board Wanted

BOY OF TWELVE WANTS LIGHT

work for board to enable him to go to school till spring. Apply Jack, care Guardian. 7482-1-5-31

To Let

T0 LET-FURNISHED HOUSE.

Good condition. Apply Guardian.

'i474-1-5-31

T0 LET - COTTAGE. NEWLY

renovated. Apply Guardian.

7474-1-5-Si

TO LET OR FOR SALE--MODERN

Bungalow. Three bedrooms. Ap- ply Robert Cotton. 7434-1-5-ll.

TO RENT-TWO HEATED ROOMS

suitable for boarders or room- ers. Apply Guardian. 7475-1-5-31

Male Help Wanted

WANTED -- SINGLE MAN 'T0

work on farm. Will Myers, Wins- 100. _ 'mo-1-5-21

WANTED - HUDSON SEAL FUR.

170 Prince Street. 'M78-1-5-31

~ WANTED - ABOUT MAY lst

outside eity limits, Modern House with large lot. Write full particulars Box M care Guardian.

7441-1-4-31.

Lost

FOR. SALE _ RENEWED COW.

Good milker, Vemon Proude. Union Road North. 1480-1-5-31

LOST-BLACK FOX BOUND, white and tan markings. Russell Bell, West Royalty. 7434-1-3-31

(Canadian Prem)

MONTREAL, Jan. 4-Promo-

tion of I. Dominion-wide asso- ciation of clothing manufactur- ers to obtain “better control of credit in dealing with retail- ers” was announced today by a group of Montreal clothing manufacturers. _

nnvms

CUBLEY-At Freetown on Deo. 23. Iwi, to li/U. and Mrs. Alfred Curley, a son. 1

LOST-A SILVER BLACK FOX.

receive reward. Gordon Ross, Ver- non River. 7491-1-5-31

HouseholdGoods ForSale

FACTORY BARGAINS - $55 range oil burners $14.50: Factory Guaranteed; Hoover Oil Burner Co., Bridgeport, Conn., U. S. A.

H G F S Dec. 28-Bi.

Miscellaneous

IOHN ALFRED MoDONALD, PBO- vincial Land Surveyor, Herman- ville, (R. 3, Bouris.)

,

PORK CHOPS 0|' HAMBURG STEAK Wllh VEGETABLES

aiu:/ln. nurriin ` 'ras or corrcs

, 25c,

WEEK-ENIZ SPECIALS

_ CAlgDY tiiiiTE’S Tea Rooms

Wiki-1-_a Winter Music Term

-@-_

Prof. Lollis D. Th _

Ipened classes in gsm” ‘"5 T|l°°l'¥- Reduction in rates lor Nllllnors and those taking two les- ?" P" "WN Pllilll Prepared for _llminations of Mount Allison :felfrcgollfnsl ludsiaxrlmm cm-

lll r

mmm mmm u\_i__ o tl Upper

itll-‘-A-Zi ‘

DEATHS

UURLEY-At Freetown on Deo. 23. 1031, infant son of Mr. and Mrs. Alfred Curley.

ALCIIORN-At Campliill Hospital, Halifax, Harry Alchcrn. Funeral from the residence of Mr. Charles Ramsay, Springtoii, today at 2 p.m.

IIAMLIN-At Berlin, New Hamp- shire, on January 3, 1933, Mrs. Al- den Hamlin, formerly Miss Carrio Jay ot Pisquid, P. E. I., in her 'f0tll year. _

MMDOUGALL-At Boston, Mass., on January 2, 1933, Donald E. Mac- Dougall. Funeral from Canoe Cove Church, Sunday, January 8th, serv- ioe starting at 2.00 o'clock. Inter- ment`Canoe Cove Cemetery.

KELLY-In the city, Jan. 4, 1933, Mrs. Walter Kelly, aged 67. Funeral will take plncc from her late res- idence, Gerald St., Friday aitcr- noon at 2.45 to depot, thence by

rail to Iona for interment.

WOOD-At Hazelbrook on Wednes- day, Jan, 4, Philip J, Wood, age 82 years. Funeral from his late res- idence Friday, Jan. 6, service start- lngat 2 o'clock. interment Pownal Cemetery.

1 l

N. D. MacLean uunearsasa

, smauliunn

Charlottetown and North Wiltshire

_ Pima lu `,

l

Coslzsry to expccinvcn, th.;-rc was no cessation of the _world de- Pression in 1932. Indeed, there was rather an intensification of the lirwalling gloom, The general world situation has gone from had to W°fS<=» mvre especially as the result of the maldistrlbution oi thc gold reserves of the world, 60 per cent Of Wlllch were held at the end of Bepiember by two countries out of the forty nine for which statistics ,were avaliable. These two ccimgrles were the United States and France, holding between them practically $7.000 millions out of total ,gold rc- serves of $11,700 millions. This con- centration or gold stocks is making it dimcult for the other countrise ot the world to meet their oblgations in 80111, and has been largely re- sponsible ior the recent attitude of European countries toward making further sold Payments to the Unlt- ed states. Such gold payments would further deplete their gold stocks, undermine public confidence in their currencies and bring about further reductions in their prices. Consequently most countries are to- day most anxious to hold all the gold they have, and international trade is in many countries burden- ed with cxcliange rcst.'lct1~ns de-

signed to prevent the export of gold f-nd the collapse of the currencies that are based thel'co'.1. The result of this prevailing lack of confidence is the drastic reductiwi of interna- tional trade to new low levels at which it is lnadequale to meet the 0b]-l8i1tl0ns entered into in the past by international finntice Again, in such circumstances, all current in- vestment tends to bc restricted to the country of the investor, and since money saved rl one country and invested in anomtr tends to pass from the lender to the bor- rower in the form of goods, the ces- sation of international investment is in itself responsilfe for further reductions in international trade.

Ths existing situation with re-

tard to international trade has been caiefully studied by M'r. J. A. Mc- Leod, President of the Canadian Bankers’ Association, who has come to tlie startling conclusion that the gold value of the trade of twenty leading countries representing the trade of the world as a whole was in the twelve months ended Septem- bcr lust only 40 per cent of what it llnd been in 1929, only three years before. Now the countries of the world were already heavily weighted down with interest, payments and maturities of piincipal sums in 1929, and these payments of inter- est and repayments of principal can hardly be met by ally but the strongest, c.ounl.l‘ies_ at a time when the gold value of international trade has declined by 60 per cent. Thus there have already been many de- faults, and there may be more, while many leading countries have gone off the gold standard altogeth- er in an effort to maintain wage levels or to secure some approach to equity in their internal relations between debtor and creditor.

The investigation oi’ internation- al trade by the President of the Canadian Bankers' Association, how ever, is concerned with gold values, and not with quantities, though it is quantities rather than values that are of interest to the masses of the people. Gold values are of secondary importance to the consumer, pro- vided quantities are maintained. And nftcr ull, international trade is in the main a. matter of the ex- change of commodities for commod- ities. International trade is barter in normal times, with gold coming in hero and there to pay off bal- ances of coininodity trade oi' to meet payments otherwise involved in in- ternational transactions.

How far is the decline of 60 per

cent in the gold value of intema- tional trade due to the decline in prices and how Tar to the decline in thi- quantty or commodities traded? To arrive at any answer to tii's question we must consider how much gold prices have declined. Now there 15 no one index number which will tell us this, nor can there be one in the prevailing state of trade restrictions. It is generally agreed, however, that British prices- tho prices of a country which car- ries on more of world trade than any other, except the highly pro-, tectionist United States, and rcceiv~`

cs its food products and raw mater- ,and h_m_h___u_ _ and $205,000,000 as recently as 1930,

are the best available approxima- tion to world prices. British pz-iv-.s are measured by the best omcial index number of the Board of Trade, and that index number when brought to a 1913 base has

Finally. if one takes our own of-

ficial index number of wholesale prices, one finds that it has declined from 98.1 per cent_of the 1926 base in August 1928 to 64.8 per cent of the 1926 base in November 1932, or by 33.7 per cent in three and.a quarter years; But the 64.8 per cent, when reduced to gold prices on the basis of the average rate of exchange on New York in November, comes to only 56.5 per cent, indicating a decline of no less than 43 1-2 por crnt in the gold prices oi goods in Canada ill three and a quarter years.

Thus it may be regarded as ac-

cepted that on a conservative esti- mate the decline of 60 per cent in the gold value of international trade in the last three years has been from two thirds to three quarters drc to the reduction in quuntit cs traded. Quantities traded have not declined so much after all.

Since the main cause 9: :ni.cvu=i-

tional trade in a commodity is tile difference 'in thc prices of that comnlodity in two markets :ind since such differences are naiurully rc- duccd by a general decline in prices, it is obvious that these declines in prices have made it unprofltubic to ship goods from country to country in many cases where it would have been profitable to .ship these same goods in 1929. Thus the decline of world gold prices has operatcd to reduce the values of international tra/de indirectly as well as directly, and stands out as the preeliinent cause of the world-wide depression. This was recognized by the Macmil- lan Committee a. year and cl hall ago. when the general ccoiiomid situation was less serious than it is today. Their suggestion fo: actio `, as given in paragraphs 275 and Till of their report, is as follows.

"Our objective should be so far T

it lies within the power ol Dlls country to influence the llltcrilil- tional Price level. First 0;' all to raise prices a long way aliovc the present level and then to nl'l.ntai.'.\ them at the level thus reached

Leaves Prowse's Corner going

West 10 minutes to and 20 minutes after each hour.

The Bus will stop at intermed-

iate places to take on or let off pas-

' SEI’I[CI’5, 1

Fares 100 each, three tickets for

President Hoovers mesage of

ials from all parts or the world and‘ Leaves Pro;vse’s Corner going 15 °Sllm“l¢d this year at only $134.

sends out its exports to all nations- I East five minutes after and twenty- 000,000 though this cv-Op was 8, rc-

‘ five minutes to every hour.

latively bountiful one estimated at 431,000,000 bushels. Other crops ¥10Wn for export have suffered al- mmi 8-'S badly. und it is fortunalc f0I‘ many of our farmers that for mil-'ll' of their products they have

declined from 134.5 per cent in Aug- 25c, or 20 tickets for $1.00, had the home market to foil hack ust 1029i,0_ioi.1 per cent. in october.. Tm: Lcwis AND Fanny cn, 'though prices more also nm 1932, The sm01lno‘=s cr this declinei BUS SERVICE c-onsldcralily below those of nun is. however, in part due to the dr- |`_`* ll’<‘2fS- Yct thc b0um,. or P,-ovidence parture of Great Britain from thf.\|w,m as much stabmty, as can be has so favoured us this year thot; K0ld standard in September 1931 imanagcd _ the physical volume of agricultural i The British pound in terms of which, _,wc recommend that this 0b__ec_ pi-0du¢1,i0n_ ¢,,1C,,1a,ed on the p,.0_ | Bfmsh 17l’1°¢-5 91° °’¢Pl`0°Wd _ W1* uve be accepted as me guldmg ,um duction of nine leading crops. was worth only $3.396 in sold com ill of me monetary policy of ms 21 per cent greater in 1932 than in New Y°1`k 0” me average °f 037'°bf-‘Y c,m,m.).~. 1931, and is therefore that much _ 1937-’» 176198 -llm Undef 70 P" Cen” 1 _ more efficacious for the inulntenance °’ “S P" "“1“°‘ Thu’ me BMS” Dec. 10, 1932 tc congress strikes the °f h“"‘““ and ‘"“’““1 life- The fe' Board of Trade index number of same note in the fouowmg pa_,_sage_ ceipis of the farmers of canada 1011 in 0Cf»0l>€!' 1932, if tedllbed V3 _ _ ' from their field Cro are X.

“It is certain that the most urg- ps P °'

1.

_ Avoid crowds as much as possible,

2 2. Bc careful of your diet. Purtakc frcl-i_\'

_ of fruit. vegetables and milk, which '

are alklhn r their re-action. '

3, Avoid draughts, hilt see that fresh nir

is freely admitted to home or oil'ii'c.

Last and most important. Get a bottle of Bl.`(,‘KLE1"5

lYllX’i`URE and take a sip several times as day. BIJCKLI-I\"S ls a. highly alkaline, germ-destroying mixture, that rid; thc 51590111 01 00|ll-giving acids, invaluable as a prevl-ntivc. if Y°“ should like ‘nl-l» E0 t0 bed at once, and call your doctor. As likely as not l\c‘lI tell you to curry on with BL~C|;|_EY._`_-_

Many doctors do. But be sure

ever since. ,

it‘s BUCKLEYS-the original,

genuine, creamy WHITE MIXTURE.

The-’flu is too dangerous 10 experiment with unpr¢,\~¢-,, pn.. parations and worthless imitntions. BUCKLI-LY's l;¢i»,,m,, f“‘“°"-5 dufhll "IC 'H11 Ulildcmlc of 1918 and has been famous

E;-;1_‘;b"“1‘_*;;_ "°“1d °°‘“‘=__*"__;°-;’___“; ,,,,, ,¢,,,,,,n,.,, cfm, Sm, -,,,,0,., ,hc lvl-sinlmlly estimated at $424,000,000 ...____.___.,._w___

ef .HS °°ml>°f° Wi ' -4 ,md ,hat . I ~ d- ,h or less than sa,000,00o oeluir inc $52,104,000 or some $0,000,000 mo... . . _ .

in Autgust 193), ingiczging a decH,_,; ;ve_____ we luve joinc lil eworld mm, of last ye” While the prices mm for me whole year 1930 The AH' Mall Servlce

°f be WWI an P" “nf '. oi the was nl ii in r 0 expected r d il n A

/lgam he say8;_ S' W 0 e armor uys _ D o uc o for the uhole

gold price; in a period of_s_littie an _S for _he _______m_e ___ ______c__s_ are substantially below mcse 0f1931_ year Wm apmoxlmam s63_000_000_ a__;_ For Magdalgile IS, Over 3 years. 1i_Brtlsh l>rce.>_src _“___ mcse ______ other ma,_te___ mm 'rhur me for-mer who is not in debt Cominl-e<i with $55,607,000 in 1931, Bgojns S h 0 I- y falfli’ f¢Pl'e5e“l“t“'° °f W°1`ld l“`1c°5~ ~ _ ` is in zu sition to “cai~i~v on" until and $43,435,000 in 1930, or all ln~ D

vital to us and the rest, of the po - __

It is 2 matter of vital importance

ini li have to deal with thing..

We cannot oi course bring the

prices and' 'one' fourth to the dc- We indebted to the f _ 1 ,.

to tho wllcle 'orld d t 1 t "mms °

,oline in the quantities oi cnmmocll- to C “ th an tem ea* ~ca,.,.y1,,g on" and producmg good

Mes "med anada, that e In rnatlonal crops under great disoour

~ _ agements,

C‘°‘°u1‘“"5°ns '5'mu‘”` W the "WV" Econ0~m1c confelerfw shortly to be and are anxious for a recovery of

have bam worked out for other held iii London would succeed in ‘aim :aces In mesa _mum tances

-. . - p . cl s

countries. out their figures are gen- “"d’"‘,`s°",°f '°“t°""g "Hd "rim nie duty or two shillings per curr- emul' 193° fepresentauve °f W°r]d im ,Hoya uigf mamma] trade ter now levied on foreign wheat conditions than those of Great Bri-,___?c__i_"__i;‘;‘_‘;`t__wg c°:m__§';“__f'_e__;h‘_*_5; cnkrmg the United Kmgdom M. °"‘m» beilause their trade 15 under l L1, _“_ do _.i n mth H gether with the many other prefcr-

morc restrictions. Thus in the Unit- _ ,_ ,lfveobo ' In .- e me n: ences graiitcd by the Un`ted Kinil' ed state-" the A_;‘““u'5t__;_n_;ie" num; l ,,_ me). .,,,,, dam to Empire products, should be bershowsadecne oi’ .per een s ‘_ t 1 .1 d h ld t in trois price between August 1929 ld_fl‘_';“_">";“*` “ii “‘1‘,““ "h“;°h° ‘rex . ‘zirwpnxolilin liiifiins Zn Hgpe' °“‘”1°’ Wm begin °"°"““°"" und November 1932. und the Irving e 0 5°- Va "es B” eve" ,in better ,ms ‘ a out the bezirminc of 1933. The' ,mer ,Mex m,m,,c,._ ,_ decune of Currency villllcs has had B 0r<>f<>ur\d The drastic decline in me _mm rrriiuni vfiich it will produce wlill 33 per cent The Netherlands of., 0fT_°Cl2 ill Cllltllli! d0WIl l.-he PllYSl00-l of agricultural products in 1932 is not only contribute towards tlie\ cial index m,m,bm. mdimtes B de_ Vollime Of lJ!‘0<1UCll0ll Bild ill- also Indicated b the omcm ngures maintenance of Canadian trade. but cum of 46 per cent in that country _l'1U9nClTl9 D1'0dU0€r5 l/0_abal1don or or wholesale __r1;s_ The index num_ will be of great significance in thc:

of low “rms in the Same per,0d_ t<_> ll_ndlitb__theu° i>r_;>__dl;:_t 1; ber of wholesale prices of 46 new \vcrld~wide strugsle asainst cancer,

. slou . ' c . ' i

‘md the French Omcial mdex num' prom is t‘,;m:d,,;u_y xfouveouir products originating on Canadian H d El __ P

bm' 3 decune of 37 Per cent' in B' -` farms wa. 366 c cnt of the 1926 y ro cc rc ow"

. rl 1 , l 'li - * - 1’ ’ C

COUNTY Where U10 H€l”ClU1'f“fl5tS are pm uc on peop B W1 go on pm base in November 1932, as compared‘ |

hlshly l>r0t°¢f¢<l- 'fhese three ¢0“11i'ldu°mg mr their W" “sc where with 441.9 per cent in November 1031. The P"°d‘f°“°" °' h§'d'° °]°°",‘“' nes are an on tm gold s,_andM_d_ there is no profit and even for oth- ,rhé index of Wholesale _moes of 13 power rema ns at a _lngli level in _ __

cr pcoplc-5 ure where there may be _ _ -_ (__ ____ _as _“her bnttcr spite of the depression. The electri- ,value of doincsiic products expor‘t&

a chance ci profit in the futurc. an ma Dio U S. “ Nl b _“N3” cal energy generated in ccnirai cl- "

And after all ivllcii a conililodity is at 56'” pm CCW in Ovem M _ ect,-lc Stations was 14,620 million

as compared with 'V1.3 pei- cciit in

once produced it will satisfy human November 1931 " kilowatt hours, in the first eleven needs H-S Wfll Rt B 10W 191106 H8 Bl ' months of 1932, as compared with a hicll price, Indeed, in the pioneer 15127 million kilowatt hours in the

, . l1 rl .t ‘ ' `

days of Gillmor, the people lived, T °- F°'“""' '_“ “`_ " same period of 1931 and w.ili 14,540 “fell S0 fill' B5 U10 ll0C055ll~l€S Of llfC‘ _ illillion kilowatt hours in til/.‘ colli-

Tllc lumber industry has in thc

|werc concerned, aithougll money plplc ychr of 1927, -was scarce and prices exceedingly past year been almost ns hard hit ,

as the agricultural, first by the tariff l

i . °w imposed uv the unites states onf ‘““‘“’ “ "S

dib

pioneer days bark asain. nor' would impmed 1“"‘b” and “°r°“ y y i The ,,/i-lcd of declining pi-mes for

the lower prices of ncwspi-nt and'

=W° lf WU wlilfi But We may 101?-Fil products which so seriously affected from the pioneers that the thins the ’“s°rg“""““°“ 1" the WD” the rnrnufscturing industries uuriiisl

industry generally. Nevertheless, the

that matters most oi’ all is not _ __ _ d f th Unlt_ 1930 and 1931 continue to exercise' X016. Dl‘l°¢S. but the assurance of a me Izenzes °“_a "fd mint C 1 _ an unfavorable influence upoll the steady supply of necdedcommodities cd ng °m_s1°“ “sf fm um stuation in 1032. The result was s

bermcn wlnic thc licuspliilt ill-

procccding i-cgularly from the pro- dustr ,_ 1 _ _ la CV ,__ ,ts further curtailmcnt in production, ducer to the consumer and thc 5 “S ‘S “ me rg 5 ' accompanied by a. induction in thai steady and contimwus interchange °“'“ Mnds' volume ofeniplcyment nncrocu Tliel °f C0mm0dlil€S belweeil 0111 OW" In spite oi the unfavorable con- Dominion Bureau of Statistics rc-l ¢0Unl2I`y and other countries so that dmom, me gutpui, 0; hgwsprint in ceives monthly reports from some' me C0n5\U”“°f5 °f`0"'e °°Umf1’ Shall the first eleven months of 1932 4.900 of the larger inanufacturcis be able to secure on an eqlutablc veacllcd 1,780,000 tons. it larger tliroughout the Dolliiii on, giving tllcl ba-*iS the l'-ll’-ld“°lS °f 3l\0f1l€l'- Them output tllnii in any cclnplctc year number of pci-soils on their pay-l 15 11° S“35°~'“°il that WS Pl`°°°55 is prior to 1926. Indeed, thc ncwspi-int rolls. Tlicse statements showed that fllmlllg U0 ll hall. H1l»h'JliEll the bus' industry in particular and the for- their average staffs in thc llloiitlisl iness men of all countries are at the cstry industry generally go fai' too from January 1 to December 1, 1932,* DI`C~iClll» llHll'll>€l”0d by the 'l\0C°55|W assist our balance of trade with the stood at 417,989 as compared with! of hlwillc to meet with s<>°dS that unwi stairs in iviilrii irc rent the iivcrugc or 461,711 in ical. Tire, are priced low in terms of 80ld» $112,509,000 ol wood and plipcr and index number <based oil the 1920;

dBbtS that WUC O0l1tl”flCl€d at 3 lfl-mtl their product.; in thc twelve lilontlls average as 100) declined from an I present lcvcl. when cor-rcsponding goods W9” ended October, 1932, ns compurcd average of 95.3 in the some twelve' Of thc t\veniy~fl\’c lmi>01l-Plllli U5

in two years. Canada is now the sec- ond largest gold producer in the world.

Low/:i~ prices have ;it!\'rl'sl-ly iii.

fecled the output of silver and also of the base metals, copper, lead and zinc but Canada is blessed with large deposits of all tiicsc metals and can hold ller owii as regal-tis low cost of production with other prin- cipal world prdoucers. '1"hus the Plants are kept running and when the demand revives the mines will be capable of immediate expansion.

The dsicovery of silver-radiuin

ores in the Great Bear Lake region in 1931 has led to extensive devel-

that made the original and shzpped high grade silver to the Trail smel- ter last summer. It is expected that, the radium recovery plant at Portl

opment work in 1932. The company!

l

Dlftr

l

ufiztlwould milite tlldat 'ine desliiie W0r1d that we have joined in the world better times’ while me fmnwr who crease of something like 45 percent A new all mail service between o per een go va ues o - _ has 8 mor age to pay » bu _ ` ' ~

ternational trade is due in the main e°°"°m1° "`°“f°"°"°° when the t tg gr is 0 g to th tent 4,, nt to means and measures for the turning “eq t° pay_rem’ for ms farm is

- e ex of _ Der ce -_ of the _me or busmesscand price ‘ep having is dec dedly hard time of it. l1l¢_ declllli lil B°ld Pl`lC€S. the T6- els mmugh remedy 1_0 some or these In those circumstances, illv nutllor-

mammg 13 pel;1ce;tbcix;g::cco;1:£i[ed destructive forces (dep1'e':‘atiol\ of mos Mc doing an the-" lwsonably fOr by the T9 110 011 0 ildiill ~ 95- c"ne,,cy_ foreign exchmpe re5h,;c_ can to assist sucli farnl/:rs in carry-

Hnwever. in a matter 0; estimate, Mons ew) can be muy :md meC_ mg their bu,.de,,S_ while mortgage

l'\ ' ,

We may be Uenemus an asslun' uve] ,mlsfd d nd if ,ble and loan companies, which have no

that "nee qi"“`t°"5 °f the decline y C ec 8 Doss un- clcsirc to take over the oilcratlon of in tllff S0111 Value 0l llll»\”1`1li\U0ll3l sin“mane0u°ly bgmcen na' farm lands, are extending reasonable

trade has been du” t° decline °f 89111 '_ . consideration. The people of Canada

Charlottetown and the Magdalene Islands is to be inaugurated shortly for thc winter season. This service will luke the p'ii.~f= of the Moiicton- Magdaiencs air _-ci-vice of former years, and will begin when the B. S. L0'.'att dlscoiltiniics on the Sour- is; lliagdnlrilc Islands routc.

'File Lo\'a‘.t`,~ last scilccillicd $119

vvus nlacic on Deccnlbcl' 26, but. as clear open weather continued. the steamcr was able to make ali additional trip oi: Friday, January 30.

Tlic C. G. S. Moilicalm. which

loft Qucbcc a few days ago, will call at Sours and will take ill' this week's mail for the Magdalend

Although it is expected that thi

first trip of iii" innii plane will be made next wack, illcrc is a pol- slbiiilv that if fine vi-either hclk the steamer service will continill for some linic.

Mr. George Hcrring. Chief Sup'

rrlntoiidclit of lilo Air Mail sea' vice, Ottawa, is expected to srriv llci-c on Monday in connection with tllc Magdalene Islands service. -

iltles instead of values we shall Una iliul it is being ian-ly well milillti-m' cd. If we take the twelve montli ended October, we find that th

was only $016,098,000 as compared with $945.624.000 lil thc corrcspolldl ing period ended October 1930, VIN years ago. Nevcrtllelcss if we “I the quantitics ci' 25 leading AM rcpi°csc‘1ltat,`lv<~ conllnoditles cxpouf cd. cciistiutiiig over 70 pcr cent d the 1932 exports, and revaluc will quantities oil the basis of 1930 pri°Q and estimate the values of ,tha other comiilodities oil the same bal- ls, wc arrive at the conclusion thil if the 1032 exports llnd had tbl same value ns the 1030 exports, thi total value of the 1932 cX`P0Nl would have bccn $788# 622,000. in other weld-“_ whili ilic vnlilv of our 1932 oxtporis wal only 54.6 pci- cciii nl their valui two yours bciorc, tlicii' fiuazltiiy WU 83,2 por r-cnt of their <lua1lt;ty ‘W0 years bcforc. Tllils ivililc vnluc wal loss illall iivc nlilili:-, oi' what it had boon i\\'o _\'c:ll's l><~fol'c, quniiiiiy was appi'oxillmicl_\' ilvc-sixtlls Ol Whll it had been iwo _\'/_‘:ii's before. Whei thc gcilcral condition of interna- tlollul trndc Llirougliout tlic world il iccogliizcd. it \\'ll bc realized that wc ure doing very woll in keeping our qililiriity vxpci-'..< up to thel!

rioed lilgh in icrms of gold. They with pnpci-is from tiiili counti-y of montlls of 1931, to 84.4 in 1032, orl mcdiiics just i-ciclrocl to, for which BV6 b‘~‘¢ll f0l`C€’<1 t0 Clit GOWN 0l¥€l" $18,400,000. Our total exports of by 11.4 pci' cont. Since the dccron.<c\qil:\uiiiy figures oi exports are a.- tlvfls in \'Bl‘i0\i5 WRYS 55 ‘V011 HS t° wood and its products ill thc some in 1931 as compared with 1930 had' vailllblc, ion sliuwcrl im'ii<‘l‘ flllanw*

BTBIUY l`°dll¢° '-“Ch” Staffs °f em' period wcrc $142,900,000 us compared amounted to 12.2, this slightly small-1 ics cf exports iii ilic luclvc inonthl Pl0Y¢&» Wll° ln m*\“.V 0°-5°* C9-“ mid with imports of $24,200,000. Tllus at er decline may perhaps be taken as l cndcd October. 1933. Ulall lfl th' W 03191' Tenluilefallve °mPI°5'F“_°nl9 the present time thc coieirlbutloll Of an indication that the momentum,preceding iwclic iiiolllll pcl‘Tl5'5. for the time bclllg. C€1'l»B-lilly U10 thc forestry indusrly nuci its mal\u° of the dowilward niovcmcnt is bc- 'Fllcse :cn coiiilliulililcs include( business mt?" °f Cmladil md tm” facturcd products toward.; a favor- coming exhausted. wlient iirllcrc thc increase was 24,1 °mP1°Y°°5 hl“’¢ had 3 hard U-“le in able balance of tradc is some $116.- During 1932. tile leather group<`500,000 busilcls.l oats, otitnical ani, recent years. out lucy are far fwm 100,000, greater than iliui or any rlinwes slight improvemf.-nt <.rr.~‘

loilcd ollls, l'_\‘<‘, bilcoil and llaml

ivi 1 the struggle Det ur, ssc ht main ul-cups into 1931. Employment was niailitalil<‘d,tvi'l1ci~c the increase was about 270.1

B “G lil ~ other of the cig What they have *‘°°°mPn-“lcd in which our production air” iiildc are at a. higher level in the food. wool- production in this latest year, In divided, _ len, silk, hosiery and knitting. io-, spite of all the handicaps to which bac;-0 and beverage, clleiliiclli aiid` mel’ IWW been Silblccted- The Mineral Imlii-\. allied products. electric ciii~i‘<-11:. cl-

ectrical apparatus and mineral pro-

»‘\Kl'lC\ll\\il’i‘| I""d“°"‘"‘ Tile milling mcn of Cilllnda are duct groups than in others iilclud-

`cari on oductioli in thc midst

ed in the nlanufacturlng category.

‘ 'ying lvl' -

First 0f Hll. W” lllfiy °°m|d°1‘ the of many difficulties and are resist- Seriously affected by decliiing ex-

°D°l`ll'l“€ fl'-l'"‘"~>' °f ""5 °°““¢1‘Yf ing the depression i-clnni-knilly well. port as well as domestic markcis who nunlbcrcci sonic 728.000 at the 'Though thc output, of bas- metals, the lumber industries operated with “M15 Ol 1931- 'l`l‘°l' WW” 9fl°°\ml" tile production oi coal, and iiic sales very considerable reduced workin; ei-ed in thc past tlircc years 138111895 ‘of nonmelalllc niiiicrals lik# gypsum forces during 1932. It ls, however,

cfts

I N M E M 0 R I A the severest losses of all our business and asbestos, have Siloam a substan- expected that the beneficial fcc , ' m9". YN lil S9 fill' I-U “WY 'WW tial decline, llic output oi B0ld 1-! accruing from the Imperial Econ-

ln loving memory of Mrs. Thomas Hogan, who died Df°d\io€d f0l‘ tlltll' 0Wl’l C011-‘ilil1ll>tl0il gi-cater than ever 'before and the omic Conference ngrccincills will

Januaryii, 1920. their bushels of wllclt lild their prospecting carried on during tho shortly be felt in th`s industry.

She will never be forgotten Wm °l' lily l\B\'° hlld UW Slim Cf' past decade, has msultcd inthe de-

Never shall her memory faq., elcy for human or for animal con- vel,-,pmol-it of sevcrnl promising pro- 1-1xieiEsi Trade Sweetest thoughts shall always linger Fl1ml>l»l0h ln l ‘- fl-'i ill 1999. HOW' parties in the proviilces of British ' Around the vim where she il laid. mf- the mater lwt of our farm- columbia. :vi-inlioer, omnrlo and so rar as values ga, the cuteriirl

llllvrtell br her Husband sos runiiy. . ers- more csneclfllly in the Prairie Quebec. oolrl prcrlurllcn in liic nr.-i. ,truce nf cunts, is ‘being reverely

i l’°ifil1w.h»ven°d\i°°dnotrortasl;.uii menus as im is values atlas-tacos. sus it .ws consider misu-

000 liundredwelgllt or 2 1-2 timd ilie ioiill exports of the period elldl cd October 1iifil,\ sind l':\\\' W00l| which llcnrly doubled iii Fic law* period, Togcillcr with tllcsv, exe ports of square tlillbcr silowcd 1 sl’gli illicrcasc, also exports of C017 per ingots, sheets, plaics, etc., wer( treble ilic export of 1031 in the ll# est. period, Finally exports of ical showed iv. substantial liicrcasc. ,

Values oi both imports i\ll€l cl

ports arc l0\\‘<‘l‘ iii tlic latest twclv( month prriorl. 'l‘ilc ioial value Oi inipol'i_< ill :ilcsp tu-clvc lnonills wal

561.000 ill tllc preceding period, Ex ports of Canadian products wen better nlailliaiilod nt S:‘ii6.098,000 ll ccmporcd will :.034 501.000. Whq

` (Continued on Page I;

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sm.0es,000 rs rcmiuiml wllii $617.' Q

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