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3x I aha I. hum-a. IJJ. ‘i

3.‘ mam‘ Dmwuxu and lI-l. cum.

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Fll-IDAY, JANUAAIY H, 101A

Al... _ _

¢...'>'.

wQl')-ll\lvllw

a, notatbly

lntho

HIGHER HOG PRICES

n: connection with Mr. recent lettcr in the Guardian on m. mm“; 1n no; prices and thc mccuraging prospect for the media-ts future it ls interesting to note the following editorial oom- merit in the Montreal Gazette of Tuesday:

“Farmers will

United

pounds per anniim.

Milan producers shipped

appreciate current tendency o1 livestock pric- for hogs. to new nigh levels. For example, hogs sold yesterday at Montreal at $8.00 -per 100 pounds, which was an in- crease of eght cents over the week- md, and more prion prevailing a year ago, being, in fact, the highest price at which hogs have sold at Hoiitrciil since August. 1931. lndccd. hogs are the best paying livestock 0n the mar- ket today. Arid, .t will be noted that Canadian bacon, which provides a main outlet for hogs, occupies at the present time a favored position Kingdom where Canada has quotas of 280,000,000

than double

In 1933

mately 73,000,000 pounds. or

\ha.n double the quantity shipped In 1932. Selling prices are highest since the summer of 1900. There ls much food for the farmers‘ reflec- Ion in ttie foregoing facts and fig-

was."

'A GOOD START

General Manager J. A. MacLeod Of the Bank of Nova Scctia. pass- ing through Moncton on Monday represeritstve

informed a press first bank clearings,

Wnrlecem business transactions, had hcreased by thirty per cent. in the ended the lath instant.

Railway busines shows evidence that the recovery trend in Canada is continuing. “Car loadings for the first two weeks of this year," says Hon. H. H. Stevens, Minister Trade and Commerce. "have shown such remarkable increases over the first two weeks of last ywa-r, that oven the most conservative must ind cats s. marked improvement 1p general industrial

period

concede they

which

Clay‘:

attain

approx-l-

im- market uhrequestcd to

Oommlslo

the their offerings.

damage the

within five

furs of the sl-me quality.

Can-

mwe opened have

lnfectsnt.

fairly

longed spell cf complete

of

ditlons will

keep their connections in Japan hilly informed u to tho price sit- uation in (ya-ruck, and karma up- on. them the importance of placirx orders during tbs Cmndlln fur- gathering mason. Interested firm! with no representatives in this furnish the omen of the Canadian ‘Prod! with particulars c!

Then is also a market, in Jlpll! for dlmagnq ‘liver fox furs of first quality, one-fluid to one-half silver. of medium sac and 30 inches or more in length. Specifications n; t0 vary. Suitable fur! arc those that have been damaged by cutting, or tearing, or fmm which the legs have been cut of! or lost. Other skins may have holes in them, but otherwse must be oom- plet furs with damaged portions to seven inches from either end. Quotations on thwe furs must range from 25 to 40 per cent. lower than for undamaged

On occasion, silver fox furs have been shipped to this market pick- ed in gunny bags, and on being been found to be partially destroyed. Lt is essential. therefore, that my; ghlpped m J;- pan be packed in tin-lined cases and sprinkled with a suitable dis-

DROUGHT IN ENGLAND

Among the freaks of the weath- a rcportsd from diflerem parts of the world is s serious lack of mola- turc 1n England. A Ipndon letter says: Tho drought tragedies in Berkshire 111198 home the terrbly serioil posshilities of last year's shortage of nln. The year has not been remarkable for my 011g pro- drought. tbut rather for a consistent defi- ciency of our normal supply of moisture almost month by month.

This form of drought is undoubt- edly the more serious, and, lpart from the specially watcry districts. it has sffmed the whole country almost gqually. Even London is util- izing much of its stored up reserves, and a prolongation of similar con-

Notes By The Way

W-LN. Blnclalr, 3.0., mm. dc- posed House leader o! the Ontario Liberals, belicvus that In hll N"

cultad from the P0803“! M h“ 7,1,5,

mic m» 1o . ‘ l mo" our,

group of self-appointed office-seer ~

m‘ pal-Lu in Tgronw, blown u

thc "Boom or amt-w!’ Mr- Bm- '3 0|).- lKB-ufln. _,

cll-ir explains the allelld DIWQII '

w! his Moe-film The “m” °‘ 5M" N“ "morn-mo m: NOISI svu. “N- h° “Y'- w“ Pou- ycu-s you have seen the

the Ifllsllt personsilyloyaltohlm woman. but were coerced into wot-HI in caucus his kldclchlfl. V! threats of being read out. of the party and of being denied oflIcla-l recognition in the: several con- stituencies at the next election. Tim, is, they were threatened with being driven out of public life if they did not agree to oust Sinclair and replace him with McQuibbm. thg newly-claocen House leader.

tho lasu Snkln‘ Fund method involves pos- sblc loses in tbs investment and care of Sinking Ilund moneys.

‘Ilhern are 10mg cflclals who feel that, they are specially edcwed to manage the investment and rein- vestment of important sums of money which comprise B-nkint Funds. Those who bold thla view should be reminded that no super inan has yet appeared, who has an infallible record in the investment of moneys. It is almost impossible not to suffer some losses; it is most dimcult to be able to make the right kind of investments immed- iately when funds are available; it is mpoesible to know that year in and year out. investments can be ‘chosen w yield the essential min- imum rate required; it is impossible always to purchase securities which will mature exactly when the Sink- ing Fund debt falls due; it is dif- iicult to concede that municipal ofllcials who may have Sinkng Fund investing as only one of their duties can successfully match their judg- ment against the judgment of the shrewdest and keenest traders con- stantly dealing .n the sale, resale. and exchange oi securitca All of these elements are associated with the administration c! sinking funds. And who would invite all those df» ficulties and pmfalb and many others when they can be avoided.

The dangers refer-med to may best be illustrated by reference to defects in the practical handling of Sink- ing Funds which have been uncov- ered by Jivestigaticn. some of these defects having caused serious losses to the ratepayers.

l-Jrhe annual Sinking Fund in stalment~wcordmg to uccesity- should be invested immediately it Ls due, at a rate of interest at least equal to that. which the _ Sinking Fund is lupp08€d to earn.

In one particular mun cipcllty the Sinking Fund was calculated on an earning basis of 4 1-2 per cent but the lILilAl-fnflltS were allowed to remain m a savings account. earning only 3 per cent. ‘mien again t was discovered that some of the securities had been purchas- ed to yield only 4 per cent. Of course there could be only one re» suit when the Sinking Fund debts matured-namely, the Sinking Fund was not equal to the maturing debt~and that, of course, meant a further levy upon the unfortunate taxpayer to make up the deficiency.

3—'l‘he accumulations of the sinkng Rind should be lnvcstcd in unquestioned securities which can be realized upon when the respect- ive dubts fall due s0 that they may be promptly met.

Here is the condition in one of our ouistandng cities which has a funded dabt. of $43,206.56! and has

‘Bic name St. Lawrence h cvld- ently to have s. prom nent place in news dcspatches now. It was given to a bay on the gulf of St. Lawrence which Jacques Cartier entered on August l0. I536. the feast of St. Lawrence, treasurer of the early Christians at. Rome. From this “Baye SJlhCt Laurens" the name came to be used for the whole rivcr, aithuuzgti Cai"l:ei~ cal- led it "the River of Canada"

The word from Washington ls that the hopes of .lie St. Lawrence Waterways Treaty malnng the stormy passage through the Unit- ed States Senate, are exceedingly remote. A two-thirds vote of the US. Senate is required to pass such a measure and at present it is known that thirty-eight Senators will oppose. As thirty-three s one third of the Senate the defeat seems certain.

Scientists arc re-examlnlng the old question Ls to whether thew is any peril in the right air, which our grandmothers used to think so unhealthy. Certainly grandmother never heard of an “iorrcounter” ‘by which scientists are mil-king their tats, and indeed it, is only lately that the scientists them- selves attached any importance to tho ions or knew much about than. Pnrbably the basis of grandmoth- er's strong convictions was that in the night alr the movquto was more likely to get iri his or rather her wort, since the female of the specim is more deadly than the male, and malaria followed.

l

Tbs International Labor Office. at Geneva, estimates that of about 7.000.000 unemployed .n Cler- many in i932, 1,760,000, that is to say. about 25 per cent. were under 3 years of age. In Denmark, in May 1933, out of a total of 129,301 unemployed, over 36.000 were un- der 35 years of age. of whom 19,000 were between the ages of l8 and 22. In the United States the num- her of young persons of both sexes under 1B WM! of age in employ- ment fell from 2.700.000 in 1920 to 2,100,000 in 1030. In Great Britain in May, 1033. there were oier 140,- 000 unemployed between 14 and l8 years 0f age. Similar condtions hold in other countries.

tal, and

meets

signs warning those travelling on foot, by horse and Waggon, or by motor car or truck, that they were in tho Ilblflhbfiflhnd of Lbs hospi- meotlng quietness the sake of tbs sick inmates. That noise can lower tho resist-' ance of n sick individual has long been known as it not turbo those that Ire sleeping but also tenses the nerves of those that are awake. And tenseness tires.

From London, England, tho announcement that, recognis- ing the ill effects of noise on well as on the sick, called the Anti-Noise League has been formed. comprising sous the most prominent public men in- cluding leaders of the medical pro- fession.

The league

need for immediate action to lessen the noise evil, c=p2cially the un- necessary hooting of automobiles in rcsideritial sections, enlisting such opinion as will induce the luthori- , ties to regulate noise that are known to be injur. ious to the comfort. health, and re- pose of the community at large, as well as being damaging t.) the g1. ficiency or ability to do Ono's work properly, From another high source, British Association foi- the vancemsnt of Science comes the l:- formation that this body, regularly in country every two years. has been working on the noise evil for some

ears. At the last

ious papers wem read the progress that had been made in the reduction of noise. especially in connection with aircraft. Association set up a. committee to consider those noises that it is most impontant to reduce.

The whole idea. is to try to les- sen the amount of interfering with the efficiency work that must be done.

I believe the above information is worth much thought on our part. New York, Paris, Berlin and other large cities are recognizing bad effects of noise on the health of the citizens.

mentioned before nerves become tensed, and in turn the muscles become tensed with loud noise, as this was Natures me- thod of having the muscles ready for defence. Muscles that are kept tensed from noise are doing m use- ful work, and If every one thought of the harmful effects noise on everybody including our- selves, we would do our part to les-

As

son the noise

Elia: I 8th! of

THE -_ '

for only dis-

corncs

the a new society

of

states that there is

They aim at a force of public

by law forms of

the‘ Ade,

which a different i

annual meeting var- describing

The noise without oi

the

one's

only causing fatigue. of us had the of

evil-

_._ ____,_

A»;

I88l

.89 ‘i’

L

New ausnuzssin i933 reached

the substantial total of

$24,245,253. Evidence of the continued satisfaction and 00n- fidence of the Company's existing policyholders was demonstrated by their purchase of over 35% of this total

. According to the Company's stringent valuation methods, the Assets gregated $46,758,032 and the iabilities $41,157,978. The resulting Surplus of $5,600,055 indicates the financial strength of the Company and the security afforded Ill policy- holders. In keeping with the Company's record for conservatism, the Invested Assets, on which the Company earned 5.38% show

NORIH

COMMENCED SINESS

STRENGTH. SECURITY. .

ASSURANCE COMPANY

i933

Nos luincl $24,245,253 ill: Fclcc $188,634,019 $46,150,032 ,1: Funds $5,600,055 chi Income $9,402,301

Payment: u Pcllcylicldq 924

1 .

Suphn

I

IBERALITY

thafollowing well-balanced diversification and high

amount in _the Company‘. history. Since the North American Lifc '

\ character; 32.8 g Government ll a_ purel 1 Government uni-ant an Mutual Cornpuu, all dividen i Mlmicipl Bonds; 26.77 First nrcpaadtoitspo holders. i Mort H9170 "I? The Company's strength and i 9-1 o °|'P°\'l"°" ("ldli security arc indicated not only i

5.2% Bank, Loan, Trust and

by the conservative values l Consumers’ Gas Stocks; a

which its investments are held

3.07 Preferred Stocks; 4.07 b g tub gh u] ' RufEutate and Cash in Banks‘: gllflaoo X: ::ts ‘all: railif,‘ etc-z les- than 1/10 of 1% $l00.00inliabilities.

Common Stocks.

Payments to policyholders and beneficiaries in I933 reached the record figure of $5,996,024, bringing the total paid since commencement oi business to over $70,000,000. Dividends paid to policvholdets in_ 1933 totalled $1.45l,116, the highut

AMERICAN LIFE

Liberal and fair treatment o! the Company's pflllCyllnldgrn throughout its S3 years of successful business has been the outstanding principle, and the

which it has met with, not only dunngthe past you but throughout its long Career, has justified this course.

II. LAPTIIOIN AND L. S. STEVENSON District M_ on 140 Richmond Street

Aflkenerable Clergyman

(AmlierslfNews and Sentinel)

Aworcllng to census statistics cle en live as long a; those in any ther profession, but it. is not. often that many of them become centenarinxis. Yet over in Auburn, Kings County, Rev. William Ryan. one of the early Methodist minist- ers in this province, will celebrate his 101st birthday on Sunday and in good health, though naturally his strength ls falling gradually with the passing years In honor of this event his old college, Mount Allison, is honoring him with a special degree. Perhaps of even more importance to this venerable

to add another hour to if ‘he wished

to please his congregation. These

were the days when ministers talk-

ed early and late, when in follow-

ing the example of John Wesley

and Rev. William Black, n0 hour

of the day nou- any particular loc-

ality was considered important so long as there was an opportunity to deliver the “rnessagef Times

have changed remarkably in this respect and now even the thiry minutc sermon is considered sl- moot too long, and the person who would talk religion 0n the street comer or in the public square or on the highways, would be consid- ered as mentally aberatod.

Very likely our times are better than the old oncs, but there is this

to be u-id about it, that that no obstacle in the early - . days that could prevent a sq fire delivering his messy, whatever his m was, it delivered with an unction tin: not any too common in the: Whether dlscours‘ profound! old dogmas which so clearly edtheden ‘ "isor- preaching of’ the "wrath to the old preachers put their soul into their massage, and ~ 1y this is the reason why spread no steadily in than The later generation fun into more Cbristianlzd

simply because the pioneer i‘ ters did their work an fat and so well

conditions in Canada." This year's record for tha first week is 28 per cent higher than last year's, and for the second wee-k 2'7 per cent. o" 10w "B! reflect accurately the movements of local, inter-provincial and export trade. A start o: 2r pg!‘ cent over 10m is a good start.

JAPANESE FUR TRADE

Tho marketing of silver fox furs

inevitably necmsitatc the imposition of rmtrlctlmm Met- wwlosicslly there seems no reason for expecting any immediate change from the mum dryness in the New Your. Nature, however. has n my 0f Omrloe ‘ing herself for any excesses she indulges in. That is a 8004 thins for the British Isles. ‘Flues years of similar dry-ne- to that of 1m would, gays the um- don writer. make them well nigh

Th, review of employment cov- ering the year 1933, published by the Dominion Bureau of Statistics. is certc-nly encouraging. of upwards of eight thousand em~ players show that 146.900 individ- uals were added last year to the nunbers of wage-earners economic areas ln the In this upward movement all the main industries shared. exception meaning

OI

Reports

in all Dominion

“with the communications." only the telegraph and tekphone systems. In the Maritime

persisted in issuing Sinking Fund debentures instead of instalment debentures. 1n the Sinking Fund

00B

clergyman is the fact that. his only son Rev. W. M. Ryan. is carrying on the ministerial work in s way to win favor wherever he goes.

ot/iwt.

mvestments, which totalled $14.- 556,966—on last Analysis, there was not a single bond of the Dominion of Camda. and only $50,000 of bonds guaranteed by the Dominion. There was not a single direm bond of any one of the Provinces. Of the Murikzpal ddrenturu held, 25 per cent were ddoenmrs of municipal- ities in default. Other securities comprised First, Mortgages- on Real

Now the little Muffled safely

WINTER. STREAMS

And the winding" meadow streams Murmur in their wintry dreams,

While a. tinkllng music wells Plainitly from their icy bells,

It is rather wonderful to think of all that has been encompassed in the period of this one man's life. He was born four years before Queen Victoria came to the ‘Throne in 1837 and he has seen changes which today are revolutionary as compared with conditions when he was a. boy. It is not necessary to talk about airplanes and autos and fast moving steamers and surfaced

rivers go under snow,

and Plate Class Insu at Lowest Rate.

E. R. BROW.

Fire, Life, Accident, Sickness

TCIIICG

h Japan is dealt with in an inter- acting LIT/Lilla ln the current issue Commercial Journal. from which we quote:

Accordion to importers, sales of silver fox furs in Japan amount t0 between 1,000 and 1500 a year. As

d tho

than are relatively high

they are bought only by the wealthy Japanese, principally as neck piec- Oc. The demand is for furs one-

third to one-half

Hui medium size. and of first and second quality. Pure slver fox furs

Ara not. saleable. while blark (o; m,‘ m.“ b, p,“ black Island Mountains $1.10 pa O0- A, mes, gum l... immrtm and pound bu. m the moi-mm mum

silver. of

Intelligent!

un inhabiuble.

POTATO PRICES

The Moncton Times notes

priced,

large

that Prince Edward Island and New Brunswick potatoes ccmmnnd high- " F1"! in the Montreal and ‘Ibr- onto markets than the Qudoec and Ontario Dwduct. On the Montreal market last weak Qucbcu were no toaocentsforoopoundbcg, New lininswck Mountains If par lim- llar quantities, m4 Prim. mom-u

Estate, Agreements for the sale of Real Estate, stifle DYUQCLUQS a... a small amount cf cash~what a commentary on the Judgment of those who made these investments! If the municipality had issued its bomb on the instalment, plan, it! gross debt. would have been reduc- ed by over fifteen million dollars and its ratepayers saved from im- pending heavy taxation to meet the inevitablq loss which will be sustained-

Ii-The amounts tumed over t0 thg Sinking Fund should be accur- ntely accounted for and an u- surnncq given that such u.i...a..ts will by sumcicnt to meet the mot» uring debt. I would like to qirotc tho experiences of a th-rd municip- ality which has permuted in issuing its debentures on the Sinking Fund

Provinces payrolls were increased by 10.500: in Quebec by 52,000, in Ontario by 56.000, in the Prairie Provinces by 13.600 lfid in British Columbia by 13,000.

Bil-lab Columbia has nude s formal complaint. m the govern merit at Ottawa. that it has not received the same treatment as other provinces and has asked that the matter be referred to n Royal cummlsicn. The Vancouver Prov- ince, dismissing the question, says a claim foi- an increased subsidy was recognized at Ottawa and an additional $100,000 a year gym for ten years, but it lapsed in 191'! and was not renewed. A plea for n Royal commimion was made and conceded by the Borden gov- ernment and the Dominion repre-

Telling how

Ali, but wait

April calling

Sparkling in

credit. of the greatly irnpa In another

Though the very sun be cold.

Comes n-sighing once again,

Sweeping softly from the Sound Over ridge and meadow gi-oondl

Then the little streams will hear

Slip their snowy hands and run

mltted refused to consider them at any price-in

prepared mostly for the Now Year season sales. Japanese importers usually buy abroad in April and May. This permius of the furs reaching here in the party fall. and rtvs the IUITIGIS ample tme to Prepare them for the Nl-all trade. In addition to purchases in Npril and May there are also a. few sin- plcmentdry orders placed in the "r1! fall. with the Canadian pm- GUM 8988011 beginnng in the middle of November and ending the following Much, it often hap-

pms that the best Canadian silver

fox furs have already been sold blfvlb the Japanese buyirs come

wholesale prices on car-lot Ontario potatoes were Q1; p91‘ u‘, mom;- ins to quality. and 95c to ll to the trade. At the came tirnQ dQflgy-g were quoting in (arlotg, New Bums. wick potatoes at $1.00 to $1.09 and ht $1.15 to $120 to the trade, and Prince lklwa-ld Island at $1.16 and time w snow tho undo. lwfll an noted that in each cane the Inland product commanded tho highest Price-c tribute to the llpqiq-ity which has made the Golden of the Gulf famous throughout up m“. tinent u a pacts ‘p ueln‘ ww- ince.

KIND WORDS

“Amnnwontinb ntcndiw,"

. v25: giiiii". I Q‘ liitliil i

I7 it w 2st!‘

:5 a

i ‘l

i "

iii

seritative actually appointed, Then clme the war and the rvhnlc r~~~‘- tor was dropped. It is argued that if there was a clam in 15W and again in 1913 it is still valid. The Province. however. is not convinc- ed that British Columb a. would be wise in pressing her claim at this province would do better working in co op- eration with the Dominion and tho other provinces in attempting a rcvhkm of the whole of the fin-

time. It believes the

for n M!!! ccrrnnlsicn.

J HO

l ,1

l‘! f Bill mi:

;l:%

It such: to I. lays an cabal“ Canadian tariif sncuiu .-.- m; rcuon

method. This munlcipaLty issued twenty years ago wmentures for 865.000 maturing this year. when the Treasurer was faced with the necessity of digging up funds out of the sinking Fund to meet it. he found they were not there. such nvestirients u were on hand did not mature in i933. l-lc sitemptod to effect a sale, or recline upon those that were ayalldfle. This could be done only at a 1cm which would deplete the fund. It was u» found that the Din-king Fund was

while taxed and le annual amoii

the ddrnturc was reached

ingcucdJ-he

Do-

(To

ll if l

dscovercd that regularly for years. the ratepayers had been

Fund, th: levies had not been paid into that fund, but had been par- tially utilised for other and were represented by heavy ar- run of taxes. In this case when

one default, or the municipality be- er to issue new deben-

. finally part of the old liquidctnd by tho Sinking hind whzcn

their hearts are bold

until the rain

far and near,-

the welcome sun. ~Bliss Carmen.

other words, the municipality had been ired. municipality it was

vlea collected for the nt due the Sinking

Dllfpk!»

debt fell due a crlss and in order to prev-

highways and such like-he has seen almost the same kind of change in diurch life itself. Even the denomination under whose wings he game into the ministry- the Methodist or Wesleyan Church -ha.s been absorbed in another church, and though it was a leader in nmriy religious enterprises at one time, tt will not be many decades before the future student will be looking into the dictionary or the church records to find out what Methodism really meant.

There has also been a change in the style of pulput utterance with- in these passing years When Mr Ryan entered the ministry preach- ers were few and far between, and because it was but seldom they could preach in any particular place, their sermons had to be much longvr than would be tolerat- ed today This venerable clergy- man told the writer at one time that in his first. preaching appoint- ment in Prince Edward Island he spoke for over two hours and when it was through he was commend-

Agentl at Summerside, Lloyd Lewis 146 Richmond Sh, Charlottetown

.4". - ..

Fur Receiving Station

135 Kent Street, Charlottetown, P. E. I.

o. u.» w»

Our Pelt Receiving Station at 135 Kelli Si- Cliarlottctown, undoi- the direction of M8101‘ 5- s. Robertson and w. F. Burke. "I" h" 9P"; for the balance of the season for the benefit v eastern shippers where both members and nvll" members can bc accommodated.

ed by one of the elders in the church but was told that his cer- mon wu too short. Ho would hood

municipality wtained

5 n. 3 T:

taking mon-

and part named by the new nqntiu as de-

II Continued)

man's l] 0i EY

tr

l

u

Cows z

h: 0n: hnilcllnlnfsntandnlfl.

Inc's Syrup Tar and 00d Llvur till (lowland

CANADIAN NATIONAL SILVER FOX BREEDERS’ ASSN-v FUR MARKETING DEPARTMENT-

. . A

Ollfwfi PUIIIO ACCOUNT

OOIIIBIIOI1 Y0! TAKING OI P. I». l-

IUBII NUIT

it'll ' i

s