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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 13, 1921, Lethbridge, Alberta THimSDAT. JANTAKY IS, MARKET REPORTS rail! and utllltlea, which were pom Vtratlvely firm, the Hock market WM reactionary today, reoant, itroM provmg moit vulnerable. ialil approximated sham. Wall Strttt Elimination In large part of abort lulereit In Mveral of the more prominent ipeculatlve wai in. i dicaled by reactionary of HAV PRICES I starting l-8c lower to prk'ei Et the of today's Block (Furnluhed Jjy Farm Products, Ltd.. May and lifter a hesitation, stee1' 'thbridgo) took tho upgrade througbout. 1 Timothy, irrigated Cloii 178; May 170 1-2. 74 1-2, July 75 1-2. 48 3-8; 48. 1 hard 192 3-4; No. 1 2U.OO 20.00 19.00 1800 38.00 No. No. 3 TtmutUy No. 1 Alfalfa, 8nd cutting No. 1 Alfalfa. 1st cutting No. 2 Alfalfa No. 1 Alfalfa Meal No. 1 Blue Joint, irrigated 2-1.00 mixed 194 No. 4 BIuo Joint, Irrigated ____ 22.00 Car lots, f.o.b. Coaldale or Lethbridge. LETHBRIDGE GRAIN PRICES Prices paid today for gram In Letli- bridge, wagon ioad lota follow: Wheat OatH 36 Barley 59 flax 1.85 Kye 1.25 Winnipeg Grain Marietta WINNIPEG. Jan. 13.-During the curly part of the session today the wheat future market showed strength, but strong reaction set in at mid- and the close waa very weak. May reached ZOJ 7-8, which brought considerable more into the pit when the upward tendency and buying power decreased prices fell to 197 1-2. The close was No. 2 mixed 72 1-4; No, 2 yellow 72 to 72 1-2. No. 3 white 45 3-4 to 46. 1 Edmonton Livestock EDMONTON, Jan. (Dominion Cattle, receipts C6; calves 'A. fairly active. Prices steady. Choice butcher steers to good to and common to choice cows and heif- ers to good to com- mon feeders 15.50 to Choice veal calves to Hoge, recelpta Ewleeta selling at oS cars; Buyers bidding Sheep, receipts (05. Choice lambs to yearling! to ewet to I7.SO. Calgary Livestock CALGARY, Jan. Recelpta at i 3-S to Z l-4c The local demand for cash wheat was very poor and premiums .slump-Lj ed from 1 to 3 cents. Offerings were tf fair, odd coming on the market from farmers. The demand for wheat in Interior elevators continues very strong, this coming from Minneapolis and other United States points. West- ern millers were also In the market. coarse grain situation remains unchanged, with the demand very to light and offerings extremely araall. Oats .closed unchanged; barley Ic lower; flax lo lower and rye i-2c the stockyards, 618 Cattle; calves Meilcan Petroleum, and Stuclobaker, American and Beet Sugar, falling.. 1 to 3-4 points. Rails were dull and fractionally lower, Utilon Pacific showing further the list as a, "whole displayed a firmer tone. Wall Street, Noon The early rebound was well sus- tained under the leadership of oil's, Poincare May Be New President Of French Republic Viyiani and Peret Also Talked of As Possibilities to Sue- ceed PAHIS, Jtn. Miller- TOU.F.UNNUAL Magrath Sending Large Delega- tion of Farm Men and Women to Edmonton fFrom Our Own Corrennondent) MAGHATH, Jan. IJ.-The M I. A. held forth on Tuesday evening. Jan- 'uary 4th in the January activity night. investment group, particularly Raad. ing and Northern Pacific. Call money opened at six per cent.; the lowest initial rate In several yeari. Wull 1.30 p.m. Rails, especially coalers, strength- ened at mid-day, but the balance of tbe lint ground. Dili and leath- and was engaged today In ______ with politic.-.! leaders with a view to Th" evening was taken up with a de- natnlng a man who would form a cab- bato. "Resolved that tariff Is better ohiTt "and to 8Ucceetl ot Georges Ley- 'or a nation than free trade." Affirm- athor tA wn'cn resigned yesterday. Miss A. Glbb and N. L. Head; t t' j" Poincare, former president of negative. Miss A. Hilllcr and F J. DacKwara. the republic; Rene Vlviani, former Rradshaw. The judges decided In premier, and Raoul Peret, president favor of the negative. The speakers of the chamber of deputies were the were, handicapped on account of the men most frequently mentioned as the snor' "me allotted them. This Is a big N.D. Senator Boosts Duty On Our Wheat head of the new government, but it subject and conld have been made wai thought improbable that debate. The speakers were given and would announce his decision be- j only ten minutes each. Community fore late tonight or tomorrow. Foreign relations was the rock on which the Leygueg ministry spilt. The points and Packing 5 pointi. Sears-Roebuck also cancelled yesterday's substantial gain. N.V. Stocka NEW YORK, Jan. Closing aaleb C.P.R. 116M-2, U.S. Steel 82 3-8; hogs sheep 3J5. Prices are _, ________ steady, 14 choice weighing U.S. Steel preferred 101 3-8. ;s selling at Balance N. Y. nedium to good 16.80 to I NEW YORK, Jan. ex- IS to medlu 95.50 to 16 50; common i to choice cows higher. QuotatMi: Open. Close. Julv............ 193% May............ 58Vi 58 July 57% 91Vi July............. 89" 89 May 317% jsijj 176H 175% Cath WHEAT- NO: 1 Nor...200% No. 2 Nor.. No. 3 Nor...191% No. 4 Nor.. No. 5 Nor... 169K No. 6 Nor.. .......................15154 Track. Manitoba, Saskatchewan and Alberta............ 19954 OATS- NO. 2 C.W... 56 No. 3 C.W... 51 Extra No. 1 feed 51% Feed.. 49% No. 2 Feed.. 41% Track 65U No. S C.W... asii No. 4 C.W... Feed 71 v. Track FLAX- NO, i N. w. c. No. 2 Condemned 50 IS-SI1; 0 were sold, bidding for selects oft cars. i Chicago Livestock CHICAGO, Jan. Cattle, receipt! beef steers, she stock and hulls steady to higher; spots 25c up; bult change strong. Demand (3.73 5-8; cables 3-8. Canadian dollars 12 3-4 per cent, discount. singing, vocal solo by Byron Tanner, and piano selection by Miss Kellor were the other numbers. U. F. A. and U. P. W. A. held their meeting on Saturday evening In the ...._ The objgot of a to appoint delegates t Versailles treaty, especially Its par- tne annual convention to he held In tlal acceptance, at least, of British Edmonton next week. E. Bennlon viewpoint on Important questions re- Rave a very interesting talk to th garding Germany, did not meet with ladies, eiplalnlng the work of the U cessions to Germany relative to hall, armament and enforcement of the meeting w approval. The Republic Francalse sums up F- W. A., welcoming them into th A- rsnks and wished them sue (Contln-ied Front Page.) ideas of the co-operative scheme. Not Enthusiastic Little enthusiasm was evinced over the proposition although the conven- iJJIS to few choice held tion unanimously favored the adop- around and higher. Veal calves tion of the co-operative marketing steady; bulk to (.scheme. Speakers gave the imprest- Hogs, receipts active SB to'sion that the rank and file of the 40c higher than ytsterday's average, movement are yet un-informed as to Sheep, receipts all classes 'the real purpose of the proposition, the feeling on the part of the people cess. He said the U. P. W. A. and by saying: "All we ask is that the Women's Institute could work togeth new premier, who ever he may be, er and accomplish great things in shall not take Mr. Lloyd George as his Magrath. The delegates appointei foreign minister." (were: President, Mrs. F. J. Brad M. Peret appears to be the favorite shaw, Mrs. Geo. Bailey, Mrs. Kellor candidate among members of the B. Hocking, Mrs. J. Brown, Mrs chamber of deputies. I. Sabey and Mra. C. Whltt. Fourteen M. Vlvlanl considerably enhanced delegates were appointed from the TJ his reputation daring the meeting of p. A.: A. G. Bailey, E. Bennlon, C the League of Nations assembly at v- Harris, B. Bradshaw, H. Arndt, B Geneva, and It it nnderstood, Presi- Hodges, I. Sabey, J. Brown, C. Whltt dent Millerand Is anxious to have D- Keilor, E. Karren, G. Mlnnion and him take of state. j two others. slow, about steady; top lambs bulk to Winnipeg WINNIPEG, Jan" hogs and 15 sheep. 92% No. 3 18154 ket opened with a weaker tone, with most classes 25c lower...... Fair quality mutton sheep made a 184% few sales around while a handfnl 159% of poor quality stuff sold at. A further decline of 25c was regis- tered on the' hoc market, selects be- ing bid at I18.W. Toronto Livestock TORONTO, Jan. receipts 364; trade slow with steady Butcher to Calves, 49; trade alow; prices steady. Top calves 117. Sheep, (12. QwUtjr of lambs offered poop. receipts 517. unsettled. and that a desire exists for delay to al- low of Its consideration in detail by the local branches. One thing was ap- parent, that the farmers are behind a co-operative wheat marketing The. cattle mar-, scheme to Insure the best possible Track RYE- NO. 2 C. W. .....176% .....209ft Chicago Grain CHICAGO, Jan. strength conditions for disposing of the 1921 crop. Officials of the farmer movement Interviewed today expressed the op- inion that the meeting ot the inde- pendent farmer members of the prov- incial house, Tuesday, presaged an attempt to have the platform drawn up by them come before the conven- tion for endorution. The provincial politics! situation will be discussed this afternoon, and a resolution pre- pared by the board of directors, will come up for discussion. Wheat Pool Discussed BRANDON, Jan. (Canadian R. Murray, assistant .gen- eral manager of the United Grain MONTREAL, required, as did M. Poincare Georges Clemencaau. Failing Vivlani, there remains M The meeting of the Worn- Poincare. Serious differences exist en s In8tl'u'e will be held in the town between him and the president but ha" on evening. January 28th the latter would hardly hesitate to at Tne meeting is being bury the hatchet If national interests the evenlnB and not In the af- ternoon as usual, to accommodate the speaker, Mrs. J. F. Anderson of Ray- mond. A large crowd Is expected and this meeting will be a good one. Mrs. j Anderson will take up the entire even- j ing and will speak on "Health." Mns- ical selections and demonstration will bo other features. All ladies cordially invited to attend. Monday evening, January 17th, the Women's Institute will serve an "Oys- ter Stew" In the town hill. Supper will be- served from to 7.30. At 8 o'clock whist will commence. Old More Unity Between win'he And Societies Is i "erved, 50 cents .for supper and whist. 'Everybody come, don't forget the date, Monday at 6.30 p.m., Jan. 17th. A number of friends met at the stock Mentr..! Growers, opened the discussion on the 1JOUIlced.that seed Pro' Jan. -local i proposed wheat pool at this morning's SK VM a son. ----more active of the convention of the Unit- !ributed through the societies, It be- Glbb. Mr. and Mrs. Al. Miller, morning. Abltlbi was strong at 55 7-8, while Atlantic Sugar rose 2 1-4 points to 32 1-4, the ,highest point reached for several weeks. National Brewer- ies and Riordon ed Farmers of Manitoba. He reviewed the circumstances nn- der which a demand has arisen a pool and the steps which have been1 mg a case of first come, first served. A revised form for judging in farm competitions was intr developed In the .wheat market today portant issnes to weaken during the after some transit downturns. Word first half hour. The former lest a that 000 btfshels had been fraction to while the latter bought for export from Pacific .lost a point to coast was the chief stimulating fac-' ttocks tor. Signs of .improvement in the1 TORONTO, Jan. "13 ere only im-1 taken to draw up a deflnite plan. He the eiperienee of the farm- ers with the Canadian wheat board and said that dis olntment had re- suited from refusal to re-appoint the board Mr and Mrs. W. A. Mll- r, a daughter. :uced by K. G. Mr "d Uoyd' th. edi" Mr- Ben In last that who visiting his father. Mrs. Hood ,Wi'h is elpectetl homa 800n frora Scotland; tha Ji dlstrlct- K re- where she has been visiting. the scale to seven .points upouj be awarded, instead WASHINGTON, Jan. 1J_Te step "enormous Importations of Canadian Senator Me- Xumber, Republican, North kola, announced today that he would aik for tariff of probably 90 cents bushel on wheat to be Included In the Fordncy emer- gency tariff bill Inttead of the duty of 30 cents carried by the measure as It pined the hoilse. The senator's announcement was made at hearings on the Fordney mea- .suro before the senate flnance com- j mitteo. Ho charged that. United States markets had glutted by Canadian wheat and said, as there re- mained more than bushels of Canadian wheat for export, he fear- ed ruin of the United wheat farmer considering the) ittfltmil In j the tkal 1 Senator MeCunktr MM tU oak believe an "laoport dnty M MSIta bBshel OMU loaf of brtwd loU." WHEAT BOARD SPENDS OWN MONEY, MBK2HKN TELLS WINNIPEG MAYOB WINNIPEG, Jan. wheat board Is not onlf independent of the government, not distributing government and the money it doea distribute purely that of the farmers, Premlei Me.'ghon points out in a telegram im celved by Mayor Edward Parnell, laM yesterday. The telegram was In repM to the mayor's inquiry as to whethM something could be done to 68 returned soldiers, understoon about :o be discharged from the whefcl Iward on four days' notice, retained in that employ until the unemplop ment stringency has been lessened. The premier does, however, prom; lae In his wire to see Mr. Stewart, chairman of the wheat board. DERBY MENTIONED AS COLONIAL SECRETARV LONDON, Jan. tatlndlug that of Lord Derby, are be- tel mentioned in connection with th( colonial Becretarvshlp, it being gener- ally agreed that Lord Milner'i owaer mutt be a statesman of 182 1-4 and May 173 to 173 m H M. P'r Clint- followed by a moderate general set- prffeVrS affo, th" back and then by decided gains all Atlantic Sugar raw 1 1-S points to Qrounfl. 132 1.4 p p ft at i A Liberal export purchasing helped to 1 1-2 points while Brailli.n wL j v strengthen corn. After opentag S-Sc'weaker Bralllllf W1B Proposed wheat pools" he said that oft to l-8c higher, Including May at' Victory bonds wen somewhat' t be 75 .to 75 1-4, the market scored gains easier somewhat cept any help from the; Dominion for all months. Oats hardened with other cereals w.n strut NEW YORK, Jan. 13.-sde from ch marks 1920. As a're'ulTof of the.8 "with 30 BUb-hea'dsln GOVERNMENT WANTS this refusal a. demand was made that ase- It also Introduces a cppn nirro farmers themselves should estab- SMle for and grain TO RITY OATS1' their own co-operative marketing F. H. Auld, deputy minister of ag- riculture, called for an application to .or msrketing equal to that grain commission is now In the mar- thinking on the matter and not 8'ven to production, and made a plea ket to purcha'se No 1 and No C W allow others to tell them what to do. Pure bred stock and a return to oats grading No. i seed and "stored '.of what he called the "many, mixed farming. I in the Canadian government elevator L. M. Moore of Colgate; gave an In-' at Calgary, Moose Jaw, or Saskatoon terestlng talk on stock judging ani1 are willing to pay a premium of competitions. Tonight Hon. c M centa a bushel over the closing TO BUY SEED OATS; PAYS 5 CENTS PREMIUM CALGARY, Jan. 'seed provincial governments. If it is to be a RightFoodaBig Factor in keeping one sturdy and fit to do things is awheat and barley food that -is scientifically made For a defmite purpose. It has delicious taste? is easj'to digests andcon- aOl tbe building values of the grains that niake tor health and "There's a Re for Grape.Nuts MadeV. Canadian Ratnm Cereal Ca Windsor, Ontario.' cent, of the wheat produced. The great need was unity between! _ Individuals and the provinces. No one Thev Melghen province could control the export of! result of the nominating bal- wheat. Any co-operative marketing lot tor president wag announced plan, must embrace all three western; Twenty -three names had been placed' provinces. If the farmers In the move- in nomination. Hilarity among the ment co-operate could solve this, delegates resulted when the name of .v n iHon' 'Arthur Melghen waa read out Would the wheat pool iontlnue to! among those nominated. use commission men In existence to- asked a delegate. "The wheat pool for a start would not take grain directly from the far- mer but would use the co-operative elevator. I do not think we woufd nse commission men In the same said Mr. Murray. Ruolutlon Unanimous Discussion among the delegates ever various phases of the proposed agreement followed. Ool. Portage Prairie, feared that the United Grain Growers, Limited, would be absorbed in a scheme which might fall. President Brown Inter- vened and the resolution on tbe mat- ter was presented. The convention unanimously endorsed the action to date with regard to the proposed wheat pool and went on record as In favor of the policy. j Tha text ot the resolution is fol- lows: "Resolved that this convention en- dorse the policy enunciated by the Canadian Council of Agriculture with regard to the co-operative selling ot Wheat." M. A. Brown, Medicine Hat, direc- tor of Western Canada Coloniza- tion company, appeared an a result, of a resoultlon passed Wednesday' night by the convention In which It! asked that the company pay more attention to Improving farm conditions Instead ot bringing in I more settlera. He aald that the com-' pany would only act'In best Inter-' eati of Western Canada, and aaked that until some other act on part Jeen that critlclun Hamilton, minister of agriculture, la "r'ce Winnipeg May oats on date BRITAIN TO CONTINUE STOKE CATTLE IMPORTS LONDON, Jan, gov- ernment will probibly maintain the policy of prohibiting the im- portation of (tore cattle (lean cattle bought to be fattened) ex- '.tpt for slaughter at of en- try. The agricultural advisory committee will recommend this to the ministry of agriculture. BUY BQNDS Bonds payable in New York are a particularly attractive investment at the present time. We own and offer the following with Intereit and Principal payable in New Yprk: EDMONTON 6% due 1924- Price 103.41 and Interest MEDICINE HAT 6% du. December, 1923; Pnce 103.41 and Interest MACLEOD, ALTA., 6% due April, 1932; Price 85.14 and Interest GRAND TRUNK PACIFIC (Prairie- Mountain Dm.ion) 4% due 1955; Price 61.00 and Interest ROYAL FINANCIAL CORPORATION LIMITED Building, Vancouver, BRANCHES AT Ml Central Bldg. 1.0. Pirmanint Loan. lido. 16 Eldan It C VICTORIA, B.C. LONOON, ENQLANO Surpassing all In Delicacy and "SALADA" Send ft card for a free sam BANKING BY MAIL Writ. MIT "BmtiHg by ONE dollw will start an account Under simple ind practical lyitem adopted .by thia Bank, its benefit! and advant- for safe-keeping and the investing of money are brought within the reach of all Out-of-town-accounti, coming from districts without wrvicei of a local bank, will MCRCHANTS BANK FRANK PIKE. a W. NESHTT. It J. DINNlNfi. EXPORT TRADE MMHifactnrera contemplating the extea. of trade in foreign countries areofiered the assistance which this Baak'i world-wido connection makes possible. The experience and facilities of a depart- ment of the Bank devoted wholly to foreign business are at your command, UA THE CANADIAN BANK OF COMMERCE LETHBRIDGE BBANCH-JC. W. Brilie, Manager the with cKwrm- climate, tempered by the MiUert of with in December. A ol ideal for motor trafie Vancouver Maud GOLFER'S PARADISE with fine (election of eourtei. Travel by CPJt. in comfort and the CANADIAN PACIFIC ROCKIES h> Their Winter Garb TWO TRAINS DAILY Canadian Pacific Railway ;