_ . . . _ _ ,Yi ' ' " _ ' » I . -_I lf' Im! IA¥4l..U-lIvl~i; \ in-_ 1.1 ,.1 _ - - - -} ~ ---~- _I I Dil F "` " ` " ' v*-l “ ‘.' Y 2 i """ ,°"'f““°'f:f'?l’ rl. . - . lM°r°A?» Aw- 2-~ 1.-6 -- -»~» MEN lonlculrulls. Eeuclllorl 4 Q' or Tnlslllsllu-:s :mn Pllolllsluoll f ~ . 1 -___-?__1_i_ ' |;,~|l|¢;,.,,-1,., as 1., p.,m,,¢,,¢y gmgw HON. MURDOCH MCKlNNON’S TRIUMPH .York Fur Sal¢S Answered-y b Managers. in New York Times The New York Times of recent date says:-- The advisability of placing goods on sale at the New York auction is dis- cussed in the first annual report of the Fur Sales Board of the Silver Black Fox Breeders’ Association of Prince Edward Island, and the following sum- mary of opinions is given: Many of the wholesale dealers do not appear to favor auctions on this side of the Atlantic, and freely give their opinion that such sales cannot become a permanent factor in the market. The reasons they advance are first. tllat the directors of the United fates auctions are themselves fur dealers, while the several London con- cerns which carry on auction sales never buy or sell for their own account and thus do not enter into competition with the bidders; second; that so far many of_ the lots put up at auction in America are bid in by their owners, and frequently bid up beyond their values, just for the purpose of influenc- ing the market. This is not permitted in London, where the owner of a pelt_ or a lot of peits has only one reserve bid. For these reasons, they claim, the London auctions enjoy the confidence of buyers .throughout the whole world. l-low much is in these objections we can only guess.-But time will tell. if the United States sales can be carried on on the plans of the London auctions there seems no reason why they should not become as important to American trade as the London sales are to thc world’s market. 4 Officials of tho New York Fur Alle- tion Sales Corporation. wllo were in- formed of these objections, made spir- ited -denials of the statement put down as facts in the above. Taking _up the point thatthc direc- tors of the United Statesauctions are fur Vdejalers. While the several London concerns which carry on auction sal- es uevor buy or sell for their own ac- couélt. an officer of the fur company sa : ' “This may have been true before the war started.-but since that time the London auction companies have been soiling goods for their own account. Regardless of whether this practice is carried on only dllring the war or dis- continued after the war, the fact that fur dealers are interested parties in the company that carries on the New, York auctions should not be constru- ed as detrimental to buyers. The con- ~--~»~»`_..,..-f uoNmaN1=n> ans. 'roo Lafrn ron cLAss11uoA'rIo1v UNE CENT rel- word each inser- tion for advert sing in this column. Cash must accompany orders. Mini- rnuln charges tw_Qg,-fivejcents. “losAi." sailigauss Ai.wAvs on hand at Ho sh‘b, Charlottetown. WANTED GIEL FOR GENERAL housework. Apply 188 ,sggalinlr wA~'reo1I'-""d'E'l l.'f'l=on"'eENasAl. housework. Apply _B81 Richmond st. _ soascelmtr. WANTED- AT ONCE “M5 F-'OR general housework, small family. Alle-.8;.r.':l- oro . - - - l.o'i"r-Ar' nl|."l6 a`s"rW€s'N°ouAn- dian Office and Fennell dl Chand- lers. pearl pin. Finder please leave hers. sais-4-el-lual.» wAN1'5p._By a young man board and room in a private family. Apply onlne. °“°""“ ~ ally-s-mtl pany is interested only in the selling of furs and the personnel of the company has no bearing on that point. ~ “There is one very obvious advan- tage that comes of having dealers in- .terested in the company that holds the auctions. The dealers have the best interests of the industry at heart and they will not sanction holding a. sale at a time when circumstances have proved it would be disturbing to the trade 'at large. An instance of this is given in the decision to hold no June sale here this year. In the past we have found that the June sale has a depressing effect on the manufacturing trade, owing to the fact that prices re- eallzed at that time are generally low- er than at other periods. The"Spring catch is usually of a poorer grade than others, and the skins, being of inferior quality. sell for less. The manufactur- ers in June are just selling their goods and the influence of lower prices for raw skins does not enable them to re- alize the prices they should for their merchandise . "The fur markets that led before the war had no such regard for the inter- ests of the manufacturers. The com- panies thst ran them off were in busi- ness to sell furs and make commiss- ions, consequently we had the very un- settling influence of sales conducted at times when the manufacturing trade suffered injuries.” Another official of the New York company taking up the matter of "bid- ding in" refutes the claim of the whole- salers whose opinions were printed by the Fox Breeders' Association, tllat New York auction was reclaimed by the shippers. "Tllerc wasn't 5 pol' cent of the total amount of offerings bid in at the last sale," he said, " and it is easy to ex- plain why even this quantity was taken- back by the shippers. ln a large sale of thc kind there are always a number oi' the lots that pass unexpec- ted by prospective buyers. Because their value is not known when they go under the auctioneer’s~'gavel, the bids often do not represent their real val- ue. Shippers are consequently forced to buy them in, This explanation, I think, will account for pretty close to the 5 per cent. mentioned. “The commission tllat has to be paid by shipper and buyer alike is sufficient to discourage bidding in. At the St. Louis auctions ,the shipper is only ob- liged to pay 2% per cent. selling com- mission. but the shipper to the New York sale who wants to protect his offerings. must pay 5 per cent sell- ing commission and 1 per cent. dis- count to the buyers. ln other words the shipper has to pay the same price to protect his goods as to have them sold. Consequently the charge that furs are bid up beyond their values by shippers to influence the market is groundless. "As fas as the protection of goods is concerned, llowever,,there is no auc- tion held where this is not permissable lt is the ordinary practice for dealers and shippers tn the London sales to protect themselves up to a certain price The companies running the sales undertake to do this for those who are not present at the auctions. Not one bid, but as many bids as are necessary to,glve the protection, are permitted to all shippers and are made by ro- presentatlves of the Londoll companies to protect the offerings of absent ship- pers. _ "lt is hard to understand why these objections to the auctions have been circulated. J. M. MoLure of the Sliver Black Fox Breeders' Association was present at the last New York auction and sold several skins. I-ie appeared to be more than well pleased with the prices received and was understood to be sorry he had not brought a larger collection of furs. In the future we believe thstthe Prince lildward island Association .will bs well represented at the New York auction." , Almost A ST. JOHN. April ZZ(-Mrs. Freeze. mother-in-law of.Mr. McCready, of €ilal'|U§_¢°iDWll at har home .Peuobsquisl N’ last night aged 99. TIE-IEIIIIEI* - * TEIPEIITIIRF. ‘ TID! IDD!! . .. ' m. Ill l'0DlY 10 Ml'~ G00- E. Hughes, ill "would say that the Government in the the legislature. , | Hon MURDOCK McKlNNON, said that in rising to speak on the subject. before the House, he was not unmlnd-l mindful of the fact that a great deal‘ of time had been spent ami a greati deal contributed to the discussion. llc thought that if that time and discus- sion had been devoted to the purpose of giving to the electorate of the coun- try all illtelligcnt idea of what had been done in the matter of public busi- ness of the province ill the last year, or the last four years, the people would have been well enlightened by that time and something useful accom- plished. it was quite clear, however. to.any unprejudiced person who had- listened to the various speeches during the past few days, that the very oppo- site had been tho result of the debate. There could he no mistaking the fact that a great part of the discussion that' had taken place ill the House had been solely for the purpose of bocloud ing tile issue. Nearly every gentle- man of the Opposition had prefaced his remarks by observing that the pre- sent time -was a serious and critical one for the Empire and the world. He thought that for Germany the sit- uation was perhaps most critical, and they all wondered how a civilized na- | , “H lo sis: ded to her present state. The answer Every ye" S “ce me Drew" ovem' ment camo into power, continued the avoided. There was no delay and 110 might be given in a few words: the K _ gh h ,1 1 g 1| g 1,. loss of time. and ii’ there had been. conditions in Germany were due to the 59°" er fy 8' ‘given ; Hgh; whose fault was it? They an knew e t, ll le ll lace that mere was it bureau ln um m “ ° "g “° 5 Q", 1 1 , the history onus oats and that s com- country which existed for the purpose _ V-1 me 01,905 mm mfgm gwlst the (1. mittee was formed to look after the -- -- -f island there was such a bureau-"thc “fn was fb.” “mm A” an °x“"‘|’l" gginber h:3t1selfAwa;_ 8’ mialbor og bureau of garbnng and mlsmpresemw ol tlle_wn_\ lll which the Leader of the C0l1llll 0°- BU 0011101 09 WB don.. ,t mmm be called A few opposnnll in--:lm-1, he would quote .1 onnolnlod to look after tho alllnnlns months ago the people of the couno.. I '""“" "Cl" il\"’ ~entisman’s snocoll- °f U10 Emil- and Ulelf W9” will they were given a sample of its work in me llc hull suldi tllzlt when the Liberal §l;:;dmg§tthaI.;sistllhnlltiemfg-otglutxle guani- geneml elecuon and again' to an m_||.lrty cllllll, ulo power there wuava K YY. lil-nl or sl'/l.ooo. onli uint there was the Promlor and from the business tensilied extent. in the bye-election in sourm so fm. as he could reco|_ another