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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 20, 1920, Lethbridge, Alberta FRIDAY, AUGUST 20, 1020 THE LETHBRIDGE DAILY HEKALD PAGE FIVE MARKET REPORTS WIXNIPtXS. Aug. 20.-7hc TThEat Coal Operators Association, urged the] for Ihe railways ed the Increases. Its operating ratio niatler of a summer rate on coa.1 and before tbe railway board, in the rates for would be about 99.97. market was fulrly active today, tb'e feature being the good buying by ex-! port bouses, and the amount that cbansed hands wiii Hie largest yet There was IHUo'change !u prices. Tbo demand (or new crou v.heat was good with premiums higher than on Thurs- 7c over October being bid lor spot No. 1 northern, 4c over for No, 3 northern and .No. 3 northern at the October price; In tbe coarse grain markets (here was a good demand for oats and bar- ley and big premiss are'bdng offer- ed for odd cars. October wheat closed unchanged, December }jc lower; October oats December Hie better; October closed ?io higher, higlier, aud May barley closed higher and Decem- 'her up; October flai closed SJ4c higher and November sc higher; Oc- tober rye closed higher. Quotations Oct. Oct. Dec May Oct. Open. 255 9514 79% Close. 76% 113V; 113% 848 352 349 Oct. 191 Cash Prices No. 1 No. 3 Nbrthejn '...............269% No. 3 Northern ...............26514 No. 2 C.W... Xo. 3 C.W... No. 1 Feed.. No. 2 Feed.. S7ft Track S6% No. 3 C.W.. .145U N'o. 4 C.W.. ....................itS'i Xo. 1 ,1................352 No: 2 C.W.. .346: No. 3 C.W.. .302 Condemned.. 272 Track.....352 No. 2 C.W. Winnipeg Livestock .Aug.. today were cattle, 160 hogs and 450 sheep. Trad- ing wag.aioiy. today, with common grades forming tho bulk of sales. A good quality female butchers changed hands from 18.00 to JS.50. A poor demand exlited for ktlllpi; steers ot good paying more attention to plain stuff. Real good stacker's and feeders wore hard to' more. _ The hog martet remained unchang- ed, with selects, fed and watered, changing hands it (20X10. Chicago Grain CHICAGO, Aug. opened weak today on local selling, word be; Ing received that no uew orders from abroad were la evidence. After open Ing one to two cents under yester- day's fiuish 235 to 236 and March 237, the market displayed further weakness and prices soon carried the market 3 cents below Ihe low point of the previous Oats were ID gynipathy vrith corn and although there was a sale ol bushels of cash oats nude, to New York exporters lite yesterday the market opened unchanged to 3-8c lower with 66'7-8 6r and December 67 4-8 to 57 1-4, there being reports !of. favorable .weather conditions over the oats belt Montreal Aug. local stock exchange continues "to be Ver> quiet although-a trifle stronger tone prevailed, at. the opening this morn Ing. A few overnightgains' were Istered, foremost: among ,'these was Spanish River which opened at 118K after closing' at'116.-yesterday. .Thi preferred gained a point, opening a 123. Atlantic Sugar opened at gala of IK points. Other issues wore steady. N. Y. Stocks NEW .YORK, Aug. sales: C. P. R. 119; U. S. steel, 88 5-8 TJ. S. steel preferred 106 HAY MARKET (Prices fnrnUhed by Farm Product .No. 1 Tlmolhy No. 1 Mixed Timothy and Al falfa 30.0 No. 1 Alfalfa 27.0 (Prices f.o.b. cars LethbrldBe o also brought up tho matter of a rate on slack coal which formerly existed but which bad teen removed some years ago. Dr, Tory said the university was conducting investigations into ibv uses of slack goal. "Wo don't want auy more open said one dealer wheu le matter'of equipment for coal s.blp- ents came up. "Urumheller coal lipped to us In open cars In winter me is about useless when U reaches s because_of exposure." Mr. Stutcbbury said them would Hay Is coming out stacks in good shape.-. The, deman is Improving, particularly from B. C points. Thfe certainty of highe freight rates and the likelihood of shortage of cars for hay during grai season make it. advisable, to secure supplies for early winter now. DEALERS JUS? I Combination "'Too Dealers to-. nual Conference Planned (Special to the Herald.) A'iig. in view bf the fact that are at present organizations, of Alberta coal opera- tors, embracing, most of. the coal operators ot Western Canada, is not considered advisable at the present time lo form an Association composed of dealers and operator hut that In tho Interests of the coal Industry an efficient organization of coal dealers of Uib three western provinces be formed to deal with questions 'of mut- ual and vital interest, was the rccom- df'the committee that was appointed at the.convention which Is being held in Calgary had met to' consider the advisability of Ihe for- mation of such an organization, it vras further suggested that a joint conference be held once a year be- tween the operators and dealers. This recommendation was present- cd to the couvenllon Friday morning and was, after some little discussion, unanimously agreed upon. Jesse Gouge, one of the operators of Drumhcller, who was chairman of the committee stated that the matter had been considered from every angle. It was seen, he would be Impossible" such an associa- tion at the present lime owing to the large territory..Involved. Owing to this there, would probably not bo suf- flcient enthusiasm to keep such an organization alive. In addition to that there would be a large expense In connection with such an organization. He thought It the dealers had an or- ganization of their would tend to keep them together better. Joint. Annual Conference For the purpose of a better under- standing between-operators and deal- ers however, he' thought that .the sug- gested joint annual conference would prove most beneficial. This found favor with .the dealers who will pro- ceed lo form a committee later on In Iho day to deal with this matter. Summer Storage The question ,of the storage of mini- nier coal formed one of the principal mailers' of dlsetisaion at the morning session Friday of Ihe convention While several of the speakers stated that-the best means of storing Alberta coal during the summer months was In Iho basements .of consumers ot likely be any more trouble la that epect. Mr. Gouge took up the matter ot ar supply and said lhal while little rouble was experienced last .year opd service having.been given 41 )nimheller by C. N. R.. yet trouble was" almost sure to come this year ecause of the rush to market the big rop and the movement of coal.which would come all at once. He advised Winnipeg dealers to keep after he officials of the railway headquar- ers at Winnipeg. A Flit Speaking about freight rates In eneral, Mr. Kairbaim, said, 'Would It ot be possible for you to secure a .at rale which would put your coa' nto and Fort William in ompeUtlon with. American coal? .1 hhik that might be arranged." Mr. Palrbaim urged-a representa tve organization of both dealers ant saying tho government would listen, much more Quickly lo uch an organization than to separate organisations. "Could you not use he facilities of the Canadian Man- ufacturers he asked. 'You must get rid of the Idea that wp n the east have nothing for the west, our Interests are In the said Mr. Fairbalrn. American Coal Short Ernnhaslzlnr the Importance of ear- y storage of coal, Mr. Fairbalrn said, 'This shortage of American coal Is not temporary, It Is permanent; only sixty per cent of the coal sent to Lake irie ports last year la being loaded this year." The fundamental fact is that while the U. S. demand was Increasing, the visible supply is diminishing. We will see it in our lifetime that tbe United States will be importng coal for the middle -west stales. Mr. Falrbaim read a letter from cases. W. -V. Tilley, counsel for the P. his deductions eatire- y upon Ihe present posMou of that Company urged that the application )C granted In full. He maintained that with the granting of tho original application for a thirty per cent. In- crease the C. P. R. would just about break even and that if there U no In- crease, tbe deficit on 'his year's op- erations would exceed The granting of the supplementary applica- tion of 10 per cent, to cover prospec- tive wage increases would mean u deficit ot over four million flollars on account of wages." But a 10 per ceul. Increase to cover Increased operation in effect for a full 12 months would yield Increased wages for a yeat under .the terms of the Chic- ago award would: cost the company J23.000.000. leaving an estimated sur- plus for the first complete 12 months operating period after the new rales became 'effective. The argument for the railways was concluded by Mr. Chisholm. unless something unforeseen should occur. This afternoon Ibe opposing interests will bo heard, KILLED IN AUTO CRASH WINNIPEG, Aug. Ilae. Canadian National Hallway fireman, was killed at Dauphin yesterday as the result of his auto overturning. A companion escaped with minor injur- ies. second, and J. WIUou; Great Britain, third. The winner's time was 31 ruinulcs 45 2-5 seconds. Yank Wins Pole Vault ANTWERP. Aug. K. Foss of _ Chicago won the final of tha Olympic i pole vault here today, breaking tho world's record with a vault of 13 feet 5 1-8 inches.' The previous record was 13 feet Z 1-4 Inches. ANTWERP, Aug. the Finnish long distance runner, won Uual of the lO.UOO-melre run in the Olympic track events hero today. Guillemot, the French champion, was Colonel Allison Horden has been Iransferred from Halifax to Winnipeg, and te will leave for his now post oJ duty aboul Sepl. 1. (Continued From Front Page.) the Chamber of Commerce secretary at Windsor, Ont., which declared that ed that a railway wage commission had been appointed iu the Untied Slates during the! year 101S, which had gone exhaustively Into the ques- tion of wages and made a report. This had resulted In the issuance of the order ;which was known as ihe Me- Adoo award. Early In 191S, the Can- adian Railway, War Board had been notified by employees of the Canadian railways also wanted in- and finally through the ac- tion of Ihe' Dominion government, Which'Kuthorlzed an advance In freight rates, the roads were enabled to make the McAdoo award applicable to Hues in the Dominion. .Further applications, said Mr. Kel- ley, had beeiT pressed during tire past year .iu-the United Stales, and serious unrest was apparent. Finally, the labor board which was appointed in that country had issued on 'July 20, 19-fO, ail award granting to American emplo'yees further in creases in wages..' Applications were being received from the Canadian em plbyees for fihnilar increases which -.vould mean-further charges lo Cana dtan roads of approximately 000. a year. Government returns, said Mr, ICel ley, showed that a Jarge proportion he could not understand why Western of-the u'uions to which railway em Canada used American coal Instead of pioyees were members were interna Its own product. He said: "If J could get western lignite I would never use another pound of American coal." Another letter In which Mr. Fair bairn had suggested better mining regulations for Alberta, with respect to proper grading of coal, aud sug- gested the merging of the big mines and the closing of the little ones was read- The conference will meet again :at 10 this morning, in the 'sun room of tho Pnlllser. idea, he better he liked I If, during the rush season, -half even :a third of- the. .coal. require conld be stored in the' manner su geslcd it would mean that there wou' be more coal available countr poinls. There was no question about th amount of coal that could 'be slore he remarked, in incidentally refe ring lo. the great'coal deposits'of tl province. Someoue.uadlremarked, 1 laughingly said, that there ,was su ftcient to keep the nres of perdillo going for a Ihousarid years even the davit worked three shifty a day. There was no disputing'the fact, he continued, that every year there was a coal shortage'nevertheless during the rush season. Itr had slarted now and would become more acute every week from now'on. Resolution re Freight Ritci CALGARY, Aug. coal dealers must have a better freight rate for coal to Manitoba points de- Jesse Gouge of urumheiler at ,he conference of prairie coal dealers and Alberta operators hero. After pointing out that coal, freights have been'unfair in the past, being higher in proportion than rates orrother com- modities, he moved -.the .following resolution, seconded by Mr. King of Winnipeg: "Whereas, tie application of ths Canadian railways for ,a general in- crease In the freight rales, throughout Canada Is now .being considered by the Board of Hallway Commlssioneri and, .''Whereas, Ihe freight rate, on coal In Ihe commodity', freight tariffs has always higher In comparison with the' general level of commodities freight tariffs on our railways than the'comparative cost of the service would justify, and, "Whereas, by the horizontal In crease'iu freight rates granted In 1918 the percentage Increase on coa rates, already high, awarded to our railways a math larger increase than was secured by other railways haul Ing coal to competitive territory in Canada where the same percentage 0' Increase was applied to lower rales; and, "Whereas, the high rales on coa aro a determining, factor In the mat ter of obtaining coal from Western Canada for a large portion of ou: people; "Therefore bo H resolved by ihl. Joint convention of all Western Can (Continued from Front Rubber Stamp of U. S. "We are slrr.p'y a rubbsr stamp for the United. Mr. Til- Eton. The chief commissioner object1 ed to this statement. He said that the public should be told that it was to their interests that the Canadian and American railways close- ly Interlocked and that their aclions must depend uppn-each other. It was say that Canada wag simply a rubber stamp for the United Slates, and that this counlry simply apprbv- d what was done on the. other side of ic line. On tho other hand, it must e realised that the railways in the Inited States and- Canada were of tipnal. Of these-iinlous 92 per cent of the members were Americans out the'; remaining S per cent. Canadians The Canadian members of the union claimed that they were entitled to the same wuge scale as tlieir American .A generali tariff has pre- vailed Baking; all these things Into con sic Mr. Kelley, the Canadia Railway Association has decided to re cprrimencl the adoption--.hy Canadia roads of the Chicago.award. He wen on to state that it would mean an enor addition cqsls of Ih Canadian railways; "They" fell, hov eyer, that they must do it, or take th consequences. Fear a-Strike Chief Commissioner Canvell: "Wha are the might a well have this thing ont." Mr. Kelley: "A .general strik throughout the wny board He then staled that he nought Ihe railway companies had cied Improperly in cancelling contain ariffs while this rate application was icfpre the board. It looked as if they were clearing the decks for Ihe new rates. C. P. R. Wants Full Award. OTTAWA, Aug. 20.-T (Canadian houses, the .Question of the govern ada coal operators, and retail dealers nient erecting large concrete sheds for tho .storage of tho coal, much In tho fame way that grain was taken cars of, was brought up by soine ot the delegates. Jcsso Couge slatcdHhal ihe ques- tion of erecting some'central storage In large centres had {first been sug- gested, ho thought, byftho Hon. Frank ore dfQtistihle' than any oil. that, while dpprovlng the o such necessary increase in the gcr eral freight rates as may be renulre to make our to provide the highest degree o efficiency In the service, wo earnest! urge upon the.railway, commissioner for Canada special consideration o the coal tariff of Western Canada a (his lime, that the same may be eqult ably Adjusted In proportion lo othe commodity tariffs, anil to the com pnralfve service received and rcnulr ed." Copies of 'ihe! resolution' will b sent to ('rentier Melghcn, Chalrma Carvell, of the Railway Commission Senator Ttbberfsbn, Slf James Loug heed, and o.ther officials. Want S'jmmer Rate Fihslmmons of .the Red Door yMr. Carvell: ihcr would be a general strike if the award was Mr.'Kelley: "I ct.iainly do." The chief commissioner asked it the .increases would date back to tho first of .May, and Mr.' Kelley replied that, they, would. In answer to Mr. Symington, Mr. Kelley 'declared that most careful consideration had been given before the association had de- cided to recommend acceptance of the full award. J. B. Coyne remarked that ecesslty dependent upon each olher, the' railways would be paying wages nd that conditions, necessitated a] which were 257 per cent; of those pre- ertain amount of co-operation., [vailing in 1914.- Mr. Tilston said that he had no in- A .brief argument in support of Ibe entlon of refleclmg upon the rail-1 railway- rate increases was- put in by C. Chisholm, K.C., on behalf of tup: Grand Trunk Kail way. He said that.the Grand Trunk was not yet a government road, though .it was head- ing in Dial dircclion. There was, however, DO reason why .a govern- ment-owned road should not bo allow- e'd such rates as would permit it to pay (is .way. Tho Grand Trunk need- When for any cause you should change your table'drink Instant Postum recommends itself for many reasons Among them are its rich, coffee-like flavor, ease of preparation, practical economy and general satisfaction as a household beverage for children as well as grown-ups. Try Postum A tin from the grocer is very convincing, as many a former coffee drinker 'knows. "There's a Reason" Canadian Poatum Cereal Co., Ltd. I Windsor, Another Boost For The Clear- Away Sale Thaell's entire stock of Men's' Suits and Shoes must be reduced to make room for our fall stock, and men, this is the last, word in reductions, so. be here Saturday and save dollars on your new suit. SUITS CUT TO SUITS CUT TO SUITS CUT TO Six Only, Men's Grey Light Tweed Suits in Norfolk Style, Regular Sale MEN'S SHOES A large range lo cliooso from. Regular Sale THE VERY LATEST IN MEN'S FOOTWEAR In oxlilood color. Sale 12 Only, Men's All Wool Worsted Suits. These Sell Regularly for Sale THIS LINE, OF MEN'S SHOES In black: Extraordinary Sale. Sale .50 MEN'S OXFORDS TO CLEAR Regular to {16.00, MEN'S FINE COTTON PYJAMAS Regular to 53.30, Sale MEN'S LIGHT WEIGHT FLANNEL- ETTE PYJAMAS Regular to Sale 25 DOZ MEN'S BLACK COTTON HOSE- Ejtra values, 3 pair for SEE SPECIAL WINDOW DISPLAY FOR BARGAINS. 315 FIFTH STREET ;