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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 20, 1921, Lethbridge, Alberta THURSDAY. JANUARTJD. 1W1 TITF MARKET REPORTS HAY PRICES July (Furnished by Farm Products, Lit-.. cja" Lothbrldge) Wheat-No. 1 hard 180; No. 1 hard No. 1 Timothy, irrigated 129.00 1W4 to 182. No. 3 Timothy 2U.OO J railed No. 3 vel- No. 1 Alfalfa, 2nd cutting 20.00. low to 6314. No. 1 Alfalfa, 1st cutting 19.00 Oats-No. 2 white 43U to 4SX; No. No. S Alfalfa................. 18.00 No. 1 Alfalfa Meal.......... 38.00 No. 1 Blue Joint, irrigated 84.00 No. 2 Blue Joint, irrigated 22.00 Car lots, f.o.b. Coaldale or Lethbrldge. LETHBRIDGE GRAIN PRICES Prices paid today for grain In Leth- bridge, wagon load lots follow: Wheat.................. J1.57 Flax 1.65 Oati .....................32 Barley....................02 Hye..................... 1.25 Winnipeg Grain Market 3 white 42 to Ciloary Llvesteek CALGARY, Jan. cattle market was slow but steady today with prices In line with yesterday's market. The quality of the stock not being quite up to that of the previous day. Receipts: Cattle 489, calves 90, hogs 159, sheep 983.. medium to good 6.00 to 8.00; common 6.00 to 6.00. Twenty-four very choice brfef heifers sold for 7.75, being bought for the coast. Balance of heller sales, medium to good 1.00 to 6.75; common 5.50 to 6.00; cows, medium to good 5.60 to 6.85; common 4.60 to 6.GO; good bulls 5.00 to 5.75; ntockers, Jan. the lower opening on the local wheat: medium to good 6.60 to 6.00; common .market today, further declines were, 5.00 to 6.50; feedeoi, medium to good registered, May falling to the o.OO to 7.00; common 5.00 to 5.75; lowest point on the present move- ment. The market was heavy through- calves, medium to good 7.00 to 7.50. No sheep were sold at noon hut a out the day with very poor buying number of hogs were at 15.00 off power and exporters out of the mar-, cars. ket. The-volumo of business was Winnipeg Livestock changed WINNIPEG. Jan. 555 cattle, 1070 email and but little wl Lands'. There Is an excellent keat cl t Iptnai nd for hogs and 280 sheep. The market to- (Contliried from Front cash wheat, but offerings, are very day opened with a decidedly weaker scarce and. premiums Advanced half tone with trading generally slow and a cent. Mlllera are bidding for small draggy for all classes and grades of lots of grain as the Hour trade shows ca'tle. The few sales made early ap- uonie Improvement, as existing stocks peared to be about Heady with yes- are light and demand is therefore terday's close. email, but steady. Good lamhs were steady at yester- There Is no change In the coarse day's high 11.00, with mutton sheep grain situation. Small declines oc- at 6.50. curbed 4n sympathy with the general I The hog market was slightly weak-i consumers that the farmers were try- market weakness, very little cash er today, packers bidding 13.50 for ing to do something which would grain is coming out, aifl the demand selects, a decline ol 25c from yester- things, would be complete SUCONI. All his arguments were presented at the Brandon convention last week and they have been covered In tht Herald In various reports of who havo dealt with the question. We' said that the form of agreement which bad been published In some papers In the West was as drawn up by the committee appointed by the Canadian Council of Agriculture should be very carefully studied. Only one change had been generally urged and that was that a clause should be Inserted setting forth that a de- Unite percentage of the price ruling in, say, In August, will be paid as advance at the time of the delivery of the whea' He warned that this price could not. be too high, probably not more than 50 per cent, of the mar- k'ef value.. This would be necessary in order that the banks might be in- duced to finance the project. Interest of Opvernments Dealing with suggestions which have come from Ottawa and Regina that the governments might consider counter proposals, the speaker said it was at least gratifying to note that It was cot until after the farmers throughout the Canadian Council of Agriculture had made a move towards a co-operative wheat pool that the governments even considered some plan to help. Their actior, must also be viewed with a certain amount of suspicion as there is no doubt that the interests opposed to the co-opera- tive marketing pool, that is the inter- ests being kept up by the present open market system, would bring pressure to bear the governments in the hope of. defeating the .wheat pool scheme. He lulled the fears expressed by some newspapers on behalf of the BE ANNUAL AFFAIR Dwplte Some Criticism Opinion At Convention is Campaign Wu a Success (By a Staff Reporter.) EOMONTON, Jan. pool will be the big question before the convention today but up till 11 o'clock In the morning the time had been taken up with discussion of resolutions, hearing the candidates for tha vacancies on the executive board, and voting thereon. There was considerable discussion over a resolution to make the mem- bership drive an annual affair. Critic- ism of the expense entailed was made from several quarters. Chairman Greentield who Was chair- man of the drive however, -explained I In a resolution favoi-lnj the national- lutton of the Canadian banking lys and the Canadian credit system. Man. Legislature Called To Meet Jan. first ses- sion of tho 16th legislative assembly of Manitoba wilt be held- Thursday, 10. Hon. T. C. Norris. prime minister of Manitoba, announced to- day following a cabinet meeting. Four distinct groups will take part in the legislative affairs. The Lib- era! party, of which the sdmtnlstrs tion Is composed, is the largest In the house with 21 members led by Hon. T. C. Norris; the Independent Fann- ers' party is the second largest with W. W. Robson, M L. A., for Glen- wood, as leader. F. J. Dixon, M. L. A. for Winnipeg. Is leader of tho labor group of 10 members, a.nd J. T. Halg. M. L. A. far Winnipeg Is. leader of the Conservative party. Two labor members, John Queen and Wm. Ivens, [serving a term in the provincial jail that the results had been highly sal-ifor seditious conspiracy, will be im- isfartory that a steady stream of new members are coming into the central office dally and that the test of the drive haci unearthed splendid organ- izers- in each half township who would be invaluable in the future work of the organization the final re- sult was that ihe advisability of hold- ing future drives was left wholly in the hands ol the directors. Favor Free Lance The following resolution was also passed: Whereas .11 the last session of the Alberta legislature a resolu- tion was proposed declaring the right ot private members to vote against a public bill without defeating the government, bur was withdrawn by ruling of the speaker. Therefore be it resolved urge upon the annual Is very Indifferent. Quotations Open May......... 191 July............ 184% May July............. 53% May............ 81 July.............. May.......... 208 July............ 206% May............ 17S Prlcea 1 Nor.-.....193% 2 Nor. 3 Nor. .....184% 4 Nor. 6 Npr. .....165% 6 Nor. Feed Close 186% 53 53 i4 82 82% 203 Vi 206'A 170 .189% .177% dtiy. Chicago Livestock CHICAGO. Jan. Cattle receipts beef steers and butcher cat- tie unevenly lower; practically no early trading. Hogs, receipts fairly active. 25 to 35c lower than yesterday's aver- age. Sheep, receipts generally steady on all classes. Fat lambs 9.50 to 10.75. Toronto TORONTO, Jan. Spirited trad- ing resulted In a number of appreci- able advances on the Toronto stock exchange this morning, prices moving up from small fractions to three points. Brompton Pulp and Paper again led the advance, moving up convention of the U.F.A. the desir- increaae the price of bread. The ability o( expressing approval of the wheat pool would not control the price subject matter of said resolution. of wheat or flour it sought merely to Lisr. nlgftt the convention went past 149% rapidly to 57 for a gain of 3 points .....140% over yesterday morning's close There Track, Manitoba, Saskatchewan was considerable demand for Canada and Alberta Cement, which sent the stock up 2% I po'nts to 1C. W. 50% 3 0. Ex. No. 1 Feed 46% r 1 Feed 44% 2 Feed..... 41% st Track............ ..........51% HC I In 91 Montreal Stocks MONTREAL, Jan. local get she farmers the best average price midnight hour In a long discussion of of their export grain on the world banking problems which finally ended markets and to do so without paying a heavy toll to the middlemen and other non-producing Interests. Discussion on the wneat pool iiues- tlon will begin at three o'clock Thurs- j day afternoon, following the election of officers for the various constituen- able to take their seats this session unless granted parole. SCORE HEALTH DEPT. TOR FILTHY DIVE TORONTO, Jan. Steve Popolink was murdered on Jan- uary 8 by a'Russian known 99 both "Stevt" and according to the verdict given by a coron- er's jury last night, and the jury strongly condemned the medical health department of Toronto "for allowing such a fil- thy dive (where the murder oc- curred in a drunken brawl) te exist and be used for the housing of human beings." ACCEPTS HOPPE'S TERMS NEW YORK. Jan. Horsmans. the Belgian billiardist, to- day announced he would accept Willie Home's terms for pionship match. a world's cojm- cies. DOMINION GOVT. NOT TO BE HARD HEARTED WINNIPEG, Jan. the Dominion government would relent.i and permit those, who "through Ignor- ance or stupidity" have not yet claim- ed final payment on their wheat par- ticipation certificates, to receive their Money, was a statemnt made by a member of the wheat board today, says the Tribune tonight. James Stewart, chairman, refused to dis- 4 C. W. 74 Feed.......................63 Track......................84 FLAX- NO. 1 N. W. C................1J6K 2 C. W.....192VI 3 C. W.....1GSV4 Condemned Track......................19814 RYE- NO. 2 C. W. ...................168 H this angle, and said his renort g 'he probably be ready for" the "any fractional press early in February whcYtho un- advance I however, was not amongst the stron- I aer Issues, opening at 30 after clos- ing at 30 1-4 yesterday. Brazilian went up one-quarter point to 35. where it remained steady. National Brew- erics was unchanged at 53. Rlordon advanced two points during the early trading to 133. Spanish River was also stronger, strengthening a point to 34 1-4. Chicago Grain CHICAGO, Jan. er- New York Stocks j NEW YORK, Jan. ed led to declines in the'wheat mar- wool, equipment, food and metal hot today but a quick rally followed.' shares provided the flrm to strong f. The rally was due to opinions that features at the opening of today's the supposed removal had nothing to i stock market. Gains ranging from do with the 1921 crop. On the other j large fractions to a full point were hand, bears contended that world fin-i made by Atlantic Gulf, American In- ancial and economic conditions pre- ternational, Cuban American Sugar eluded any sharp advance for grain; California Packing, General Electric Opening prices, which varied from American Car. Utah and Chino Cop. NO ENCOURAGEMENT TO HAPSBURG OYWASTY COPENHAGEN, Jan. Count Sforza, the Italian minister or foreign affairs, Is quoted in an interview with the Politiken to- day a> saying that Austria and Hungary must be reconstructed as an empire, but under no'cir- cumstances must the Hapsburg dynasty be allowed to return. HUNDRED MILLIONS IMPROPERLY PAID 1-2 to 2 l-4c lower with Mirch 171 3-4 to 172 and May 162 1-4 to 163. were followed by upturns that In some cas- es went above yesterday's flinish. Oats opened unchanged to 3-8c low- er with May 44 7-8 to 45, and after a moderate .general setback recovered in full. Close Futures May July _ UseCuticuraTalcum' To Powder and Perfume An ideal face, skiry baby and drilling powder. Convenient and economi- cal, it takes the piace of other per- fumes. A few grains sufficient OUivliSaJM'- ftld throuffhoutthcDonnnion. Canad .IMA Mt a M Smoke pe-rs, Bosch Magneto and Stromberg Carburetor, Genera! Asphalt also added moderately to yesterday's sub- stantial gain with Sumatra Tobacco Mexican Petroleum and Central Leath- er. Slight reactions marked the early dealings In Baldwin Loco, American Tobacco, Retail Stores and Corn Pro- ducts. Much of the early advance was lost in the first hour when selling of Bald- win and American Loco, Goodrich, United Fruit, Industrial Alcohol and Virginia-Carolina Chemical caused reactions of 1 to 3 1-2 points. This was followed -by purchases of oils and shippings, as well as a variety of specialties. Texas Pacific Coal and OH rose 2 3-4; Houston Oil 2 1-2; I American Ship and Commerce 3; Am I orican Linseed 3 3-4; International I Paper 3 3-4. Writing Paper preferred j two, Remington Typewriter three. j Rails were very weak. Call money opened at 6 per cent, and Jemand bills 1 on London rose to T-8, the high- est quotation since.last July. Oils- and specialties continued to Improve at midday, Houston Oil in- creasing its advance to 6 points; As- Sumatra Tobacco 3% and Sears-Roebuck 3.. Hails also became moderately active, Reading and New York Central gaining a point each, while Tsxas and Paclflc j extended Its gain to points. I Realizing sales Induced partly by call money going to 7 par cent, and pressure against steels and equip- ments, precipitated reactlona of 1 to almost 4 points later. The closing I was Irregular. Bull pools were active In the stock market today. Seasoned issues made little progress, however, and gains elsewhere were largely cancelled when money, rates stiffened. Sales approximated 8BO.000-shares. Closins P. R. U. S. Steel S. Steel preferred Sterling Exchange NEW YORK, Jan. 20.-Stcrllng ex- change strong. Demand 7-8; cables 3-8. Canadian dollars 12 per. cent discount. Bar Silver NEW YORK, Jan, Bar silver, .domestic 99V4; foreign The grain elevator and chopping mill at the M. C. R. -Station, Maid- stone, were burned, wlta much corn, NEW YORK. Jan. least improperly paid shipbuilders by the Unit- ed States Shipping Board will be disclosed through an audit of accounts now in progress, Col. H. A. Abaic, former comp- troller general of the board, declared here today before the Walsh congressional commis- sion. A Good Investment money you save earns interest when deposited in our Savings Department, and both principal and Interest are safe and can be obtain- ed whenever required. Open an account to-day. THE CANADIAN BANK OF COMMERCE PAID-UP CAPITAL RESERVE FUND LETHBRIDGE BRANCH-K. W. ReiUa, Maoafer. BANKING BY MAIL E chief object of a SAVINGS X ACCOUNT is to save and accumulate a fund for unexpected opportunities and for use in time of need. Have you some f money put by for immediate use in case you meet with adversity Those living in districts without thf services of a local bank can do their banking by mail just as safely and conveniently as though done in person. m Write for "Banking ty MCRCHANTS BANK Head Office -.Montreal, OF CANADA Established 1864. incf j .--KJ. -jpfru i f-t Trirrrnfr EDMONTON BRANCH. FRANK MuufM. CALGARY BRANCH, LETHBRIDGE BRANCH. H. W. NESBfTT, R. J. DINNING. Manaier. The Following Dealers Sell Columbia Records Assiniboia Music Co. DEALERS 315 6th St. S. Phone 1545 Lethbridge, Alta. J.D. Higinbotham Co., Ltd. AGENTS THE REXALL STORE ALBERTA'S PIONEER DRUGGISTS WHOLESALE AND RETAIL CHEMISTS PHONES I AND 322 Henson Music Co., Cardston RAYMOND PHARMACY C J. RITTER Complete February List Now on Sale Columbia Records Vocal Selections m fjftftt A-Utt Tito Afeaa iMt AM t _-. You'UNmrNMdcIVKWr Bert Willluu I've tin far MyEMttocky tl.M A-33M SIM Neter Let OM MM Ttear Mta4 Wdl A (Fw "Ibid Uw 4B ok Jfi Dance Music -TM AitBkbku'iOrck. Trot fnm m____._ to-Tnt rriiux'a OmhtUn teaser Uidlty Fw-Trot HM Waltx Pripra'a Ofdttttn PwrWriUvWaJtM Prince's ri j.1 riiiUlaa Tsatii infill "rhulia A-ISS4 U.M A-ttM fLM A-MW ILN A-ttW ILM A.HW ttJH ILM Opera and Concert Instrumental Music 7MM TIM tt (te OOUUMUOKAPHO ;