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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 4, 1913, Lethbridge, Alberta r TTTE LETITBKIPGE I) VILY HliKALl) ^JtjiMlayjJaiiiiary *, iw.i;s Economic Changes and Developments in Past Year The following excerpts from Analy-1'relatively scarce owing to the iinecon- For Sale by GEO. KERR & CO. - Lethbridge. t'.cal Survey of 10.1- by James Mavor of Toronto ITitU'cralty in the Financial Post of Toronto should prove of interest : "The year 1912 has been a year of great industrial activity in the highly developed industrial com, tries and of agricultural activity in tU_ agricultural regions, Prices have been high and on the whole have exhibited a tendency to advance. As is customary under such conditions, the curve of salaries and wages though also exhibiting an upward tendency has lagged behind the curve of prices of commodities and thus prosperity not- oniical use of the additional stock eon currently with increased population, increased wants, increased production of commodities and increased demand for money for the construction of railways and other largo capitalistic, enterprises. To these more purely commercial forms of demand for state purposes-for military expenditures both in peace and war and for the service of the steadily enlarging function of the modem state. Why Interest Rates Are High "The results of the concurrent conditions above mentioned have been advance in the rate of interest and withstanding there has been a good j r-a]] m tne prjce 0f fading securities deal of discontent. - These conditions have acted as coun- Why Wages Lag Behind Prices 1 ten-ailing influences against the rise "It seems worth while to indicate j ln prices of commodities, the reasons for such a relation and to j "Certain other considerations may suggest the explanation through these sis0 be taken into account as contri-reasons for certain observed pheu- butlng and of a countervailing char- EDITOR TO DEFEND KING'S LIBELLER ASKS STATE DEPARTMENT TO DELAY DEPORTATION OF EDWARD MYLIUS Paris, Jan. 3.-The state, department at Washington was requested today by Edward Holton James, editor of the Liberator, and a nephew- of the late William jairie^, of Harvard, to delay the deportation of Edward F. My-feis, until he can arrive in the United State's to defend him. It was in the Liljferator : that the libel on'King Gebrge was published. Mr. James leaves H^rve on;boarpv the ,Pro?shce $y. the'-Epe!J&iK.ii3&;tomo^j-oW; talking j&Hh him a number of documents'con-hected with the case. � \. Jan. 2.-Methodist, ministers of Regina formed an association this morning, to ibe called the Methodist Ministerial association of Regina, with the following officers: President, Br. \V. W. Andrews; vice-president, Rev. H. T. Lewis: secre-tary-treasureT, Rev. M. M. Bennett, B..A Official figures show Africa led the 'world in the production of gold last year, with the United States second, Australasia third and Mexico fourth. mcM Sale of "Sunkist" Oranges to Not a seed in "Sunkist." Juicy, rich, healthful oranges-the finest selected tree-ripened fruit grown in the world. '"SUNKIST" oranges are the cleanest of all fruits. Never touched by bare hands-all "Sunkist" pickers and packers wear clean cotton gloves while at work. Buy a box of "SUNKIST" oranges-much cheaper .by the bos or half-box than by the,dozen. ��"Sunkist" ihno7is are the finesj:, juiciest fruit - mostly seedless-thiri-skinned, too. "Sunkist" Oranges and Lemons Bring Handsome Rogers Silverware Send the trademarks cut from ,:Sunkist" orange and lemon -wrappers to us. We offer as premi'.'mn, elegant Rogers guaranteed A-l Standard silverware. 27 different, magnificent premiums in exclusive "Sunkist" design. � This handsome orange spoon sent to you for 12 ' 'Sunkist" trademarks and 12 cents. Tradema: from "Red Ball" orange and lemon wrappers count same as'' Sunkist.'' In remitting, send amounts of 20'cents or over by Postal Note,,Post Office or Express Money Order. Buy "Sunkist" Oranges and , Lemons at Your Dealer's Send your name and full address fcr oar complete free premium circular and, ( Premium Club Plan. Address all orders; for premium silverware and all conimu-|j nications to' -  California Fruit Growers Exchange 105 King Street, East, Cor. Church [1731 however, exploitation cannot proceed 1 as in the extreme case there will be no access of foreign capital on account of the inadequate and uncertain return offered to it by industrial enterprises. Within the country capital will inevitably be scarce,and dear. In a general way it may be said that these conditions account for the slowness with which British Columbia is being developed and for the scanty immigration into that province. The same conditions appear to affect -holli Australia and New Zealand. Native capital accumulates slowly and foreign capital is repelled by the relatively low rate of return and by insecur- That is to say, a fall in prices of com modifies and a falling off in the volume of business which this would imply, together with a dimminution in the rate of increase of the population would certainly fte followed by a fall in the price of laind. The Relation of Money and Prices "If trade were conducted exclusive, ly by barter of commodities, the process of exchange would be cumbersome and slow. The use of money has greatly increased the velocity of the mo cement of commodities oy facilitating exchange and money has thus come to play a very important role in the process of determining the i y. Every increase in the prices of | relative values of commodities. Where the necessary means of life tends, I owi w the deveIopn3ent of faci]jties however, if such increase is contra- for tran9p0rtati(m the velocity of ued, eventually to force wages and movem