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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 29, 1920, Lethbridge, Alberta SEFTEMUEH 29, 1920 THE T.ETHBRIDGF, DAILY HERALD MARKET REPORTS -Finance Winnipeg Grain WINX1PKG, Sept. Wheat In all positions and of all grades was in active dem'-dud today witu a premium it the close- of l-2c and a big volume- of trade was reported In thu cash markets. Oats also strong at a 4c premium, barley was less active but rye was m good Jcasaml at 4c over, with the flax market dull. In the future market American millers were good buyers. October wheat liosetl 1 l-2e higher; November 7-Sc higher and December 1 8-Sc higher. Oats Me down for October; unchang- ed for Decepjber anj Me1 higher for May. Barley l-2c lower for October and December. Hye 2 l-4'c higher and flax 4c lower for October End N'overn- ber and 2c lower for December. Quotations: Open. October 249 November 243% December v-jv October December 655; May 71 October 10S December 9SV v October 329 320 329 325 December 324" JlYE-r October 17C 179 Cash Prices No. 'l Xor...2SS Xo. 2 Nor...253y, -Vo. 3 Nor...24Sii -No. '4 Nor... 23714 Xo. o Nor. 227'A Track, Manitoba 254V4 Track, Saskatchewan 253V' "Alberta Close.' 25014 245! 71 54 7-S, while Canada Steamships open- cd I 1-2 higher than last nteat's close at CO'1-2. Atlantis Sugar made an gain of 1-2 a point to 133. Montreal Livestock MONTHKAL, Sept. receipts M'ire than half tho. cattle for sale had 1 been on the market since, ilia begin- i uing of tho 1 Hulcher bcltere; to Calves, receipts 247. Good vc-al S13 to Sbeep, receipts Good lambs huvo remained 113. Hogs, receipts S75. Tho market was about steady at 520.50 to Chicago Grain Market CHICAGO, 'Sept. buying for the seaboard gave an up- turn to the wheat market today after an easy opening. Tho rally was help- ed by strength which developed in L coarse grams. First prices were un- 232 to r-3 and MavchTlortaUowed jby a decided gain M around, l Oats followed corn, opening I-4c to jl-Se- higher, with December 5S 1-4 to 58 3-S and scoring further gains later. I Stirling Exchange NEW YORK, Sept. ex- change easy; demand 3-4; cab- les ?3.49 1-2; Canadian dollars 9 5-S to 9 3-4 per cent, discount. I Bar Silver .NEW YORK. Sept. silver, domestic 99 foreign 92 i-i- HAY MARKET (Prices furnished lit Farm Products Ltd.) No. 1 Timothy 133.06 No. 1 Jllicd Timothy and Al- falfa 3o.oo No. 1 Alfalfa 27.00 (Prices f.o.b. cars Loth Bridge or Xo. 2 75 N'o. 8 71 Kxtra N'o. 1 'iced 1 feed.. 63 No. 2 feed.. C7 71 I' 'v I Xo.-4-C.W...10714 r Rejected Feed- 95y.I Track -.r..................... FLAX-'- IN. C. HMANO'WK COMES TO CANADA Xo. -.No. 3 C.W..2S1 Camloraiic-d Track ..-....'.................320 NO Close Futures V' CHICAGO. futures: Wheat- -iJi'i-eJiitev 224 1-2; March, 320. 125; Uecem- Ijcr B7 58 1-2; May 02 5-S. Calgary Livestock Sept. market for b'eef. slow today. The top on steers wj's bulk going at In 5G.25 to ?7.25; cal-. ?7.25' to NEW YORK, Sept. Riddle's remarkable tbree-year-old colt Stan will lie shipped Ic Kenlhvorlh, Onlario, for Ms .race with Sir Barton on October Louis Feustel, bis trainer, deckled yes- terday to set his borse there severs! days before .the.event, which1 is sche- duled for October 12. The colt was nn fine fettle yester- day. When alien-eel his head he ed the mile in pulled up. RAYMOND FARMER KICKED BY HORSE [anil sixteen stitches were required, oiieped ivith a weak undertone t trading was extremely slow and! Mraggy, with prospects otjower iirices LETHBRIDBE FIREMAN -i------p .v.j INJURED AT STIRLING oBi Our Own CorreaDondent) HAYMOXD. 'Sept. Painter, before the close of the market. Bulk nf trading this idbrnlng was confined to medium grades of butcher catlle. "-11 oepi. I'ainter, there being a good supply ol was struck on the bad: dass'on.'hand. jof the head- in a accident t Eootl'.Iunibs Jil.50 lo .The- hog market-'opened with va weaker bidding 50 cents lower than-.yesterday. Selects Montreal Stock Market, MONTUBAU; Sept. (rading on the local-stock exchange dm-ini; the first half hour this inoming was dull FOUND BOOZE IN' HOLLOW LOG AT A 8ROCKVILLE, Ont., Sept. Among several convictions here yesterday for infractions of the almost to .the point "of non-existence. I yesterday for Infractions of the Stocks tor the most part-remained at! Ontario Temperance Act, was one their yesterday's close. The mergert 'h defendant swore stocks which have been attracting! found a" bottle of liquor In some attention lately on acraunt of, a log 'at''a c'hurch picnic, their threatened decline were inuchj He was assessed and costs. stronger thiii- morning. Dominion! sleel opener! at 55 3-4, after closing all; N0 CANADIAN COMMISSIONER Only a few weeks ago' the strawberries in Quaker Braurf Jam were, being picked in the fields of Ihe famous Fraser Valley. As soon as the girls could gather enough to fill a small truck they were .rushed to the fac- tory and cooked into jam. We hurry like this he-- cause the fresh berries give the jam a delicate natural flavor. Dominion i Canners B. C. Ltd. HEAD OFFICE: VANCOUVER, B. C AT WASHINGTON FOR LONG TIME is THE REPORT NEW YORK, Sept. dian: here .are particularly interested' [n a cable' report. printed; by the Sun and' Herald this morning which states that- in "high diplomatic circles" fn London it is declared there Is no likelihood, of a Canadian am- bassador to Washington a --long time to come." .According 'to this report, the scheme for a Canadian ambassador to'the Unit- ed'States has been abandoned it least for the present. NATURALIZED CANADIAN ADVOCATED OVERTHROW OF GOVERNMENT SPOKANE, Sept. Steczyzys, native of Rutsia and a naturalized -Canadian citizen, was deported to Canada yester- day after he had been charged with advocating the dvtrtlirow of the government of the United States by force. Steczyzys, who, was arrested at Wallace, Idaho, on a charge'of is declared to have, admitted to federal officers his membership, In the Industrial. Workers of the World. (Continued from Front Page..) SUGAR NOW LB. NEW YORK. Sept. Through a further reduction ot a Hcent by the Federal Sugar Refining company the price ot ft granulated sugar dropped lo "1314 cenls a pound today; This was the lowest price sjnce the government relinquished con- trol and about 12 cents .1 pound less than Ihe level prevailing in Ihe summer. "The movement in grain." he add- ed, "realises ail tho way from 100 tn :'.oo pe- cent. K'r inoVemerjt and there is no good reason why we should be penalized.' The only reasons given In the past for discrimination against the west, lie said, were that eastern lines had to meet water competition and the competition of I'nlted Kiates rates. There was now no water competition of the name and railway rales across the border are higher than In Canada. In the course ol bis argument, Mr. Symington drew the attention of the council to order No. 304, Issued by the railway commission which pro- vides for increases in the rate on ex- port traffic for Montreal, Quu'vac, St. John 'and Halifax. This order, he said, had been issued by the commission during the time when he and other opposition counsel were fighting the application of the railways for increas- ed rates, but nothing was said to him about it. It was applicable to all ship-, ments of sraiii from the west thrniirii the ports najaed, and operated directly against the west. C. 1L Geary, corporation counsel for Toronto, followed Jlr. Symington and spoRe for a Tew minutes before ad- journment was taken at 1 o'clock. He expressed the opinion that the rail- ways had not been frauk in their way of bringing in the application in the first place. They had asked for a SO per cent, increase knowing well- that a wage commission' was going to is- sue a report from Chicago pn a certain date. When that report had come out they had advanced their demand to -10 per cenf. on the plea that they must pay the increased wages. It was, not a good principle to lay down that railway companies could come to the commission ami tell it that t'uey voutd pay wage increases if rate in- creases were granted to them. ".Tht railways the last moment de- clared that they would face a general strike unless increases were granted. -Mr. Geary insisied 'that the -hearing of the case bad. been rushed in an unprecedented manner, and that the chairman of the railway commission had pressed counsel from day to day In such a way that it made It hard to become familiar with the case. Appeal Before Cabinet OTTAWA, Sept. (Canadian of the. -appeal against' the judgment of the railway board increasing railway freight'and passenger rates commenced sharply at 10 o'clock this morning In the'oflice of the prime minister. Ministers pre- sent'in addition to the Hon.xArthur were Sir James Longheed, Sir George lion. J. A. .Calder, Siflon, Hon. C. C. .Ballan- tyhe, Hon. C. li. Doherty, R. Wlgmora: 15. -W. Beattr, president ot the Can- adian Pacific, and D. Bj, 'presi- dent of the Canadian National tam were in attendance and there was an counsel repres- enting the Manitoba and'Saskatche- wan governments, the corporation-and board of trade of Toronto, the Domin- ion Millers' Association, the Canadian Wholesale Grocers' Association! tha Winnipeg board of trade and the Ap- ple Shippers' Association' of-Nova Scotia. Hugh Blain, representing tho Whole- sale-Grocers' Association started-the argument with o vigorous speech In which lie declared that if a business man advanced his prices by forty per cent., the government him in jail as a profiteer." Importaht to Mr. lilaiii declared that the whole- sale, grocers are more deeply interest- ed in the rate Increases tlian any other Iii-anch of business because of. the amount of heavy goods on which they must pay freight. The new rates, he said1, were prov- ing to he a most (listnrhihg factor. They impose heavy burden upon the poorer classes ot consumers. It was the duty of the wholesalers, lie argued, to look nftcr the interests 'ot the con- .sumeis and the motto of the associa- tion represented by him had 'beDn: "Honest service to the public." It was proposed to live up to that" moftp. The wholesale grocers during the war had done their best to 'ing antl had been instrumental in having Ihe board -of commerce'np- pointed. There had been critic- Ism of that board but it saved tho consumers of Canada many mil- lions of dollars. "We are asserted Mr. Blain, "to save the con- sumers many more millions' can." It would bo better, Mr. Blain thought, for the government-to-pay any uelicit that might be incurred bv the C.l'.R. than tOiallow an increase in rales will increase the rev- enue of lhat company by one hundred million dollars. The Canadian Paci- fic for years.past a most prosperous business, and has been able to roll up a surplus of about 000. It would not ;bc. unreasonable, therefore, to ask this company to us.e a portion of its surpius to carry It over an unprofitable Business period. Produce 120 .Millions Mr. Ulain estimated lhat the In- creased rajis would produce from 110 to 120 millions a year. .The.cost to the consumer would be double Ibis amount, or thirty dollars for every man, woman and child in tlip Domin- ion, The government should certain- ly hesitate before imposing such a burden upon tho community to bolster up the C.l'.ll. In regard to passenger., rates, Mr. lllain said, that the increases provided by the railway bo'a'rd 'nla'y' be justifi- able. If so, they should be made permanent. Tin, siiggeBled lhat iri view of the other-rate'.Increases tlie government should pay a larger amount, to the railways for mall and parcel post services. The judgment of the railway com-! mission, said Mr. lllain. was totally: one-sided, unnecessary and un-ccono-. mie, inasmuch as It Imposed a penally on Ihe shipper. Why should the li. be placed in a position lo dominate forever the railway situation in Caiv ada. Tlie tendency for a fall in the cost of livliiB was being'arrested by; Ilio rntus increiMjO, K the ol PAGE FIVE the judgment -was lo guarantee tbe CjP.R. shareholder? a dividend for all llmo, it would be better achieved by buying the road outright. Voice From Manitoba Blalu was tnllowed by-jr. J. Sjyiuluslpn, -counsel for the provincial Hdvar'iinieuC. of Manitoba, who declar- ed in opening that there was no uesiro iu the west to starve the railways Sr drite. to the wall. The judgment of (tie railway followed an order of the Inler-Htate Commerce Commission ot the United States granting large Increases in rates lo the railroads of that country. There- fore he thought it well at tho outset to emphasize bis belief that the rail- way problems in Canada and the Unit- ed States wore two distinct and sep- arate things. During the 'war the government of tho United States had taieu over.'the railways of that coun- try, anc! bad lost money In running thejn. Before returning tben> to their owners, it devolved upon cougress lo put these roads in siich shape that they would pay Iheir way. Therefore the Inter-Slate .Commerce Commission hsd been asked to determine on a valuation of tha United States rail- ways and decide- what rates would en- able them to oblalu a 5 1-2 per cent, return on the basis-of .this valuation. it uati "Cou Ol.jvci Ol illtj Inter-State-Commerce Commission to determine .what was a fair aud reason- able rate insofar as Canada was con- cerned. situ at ion iri Canada during the war.was very dISerent from that of the United States, said Mr. Symington. C.P.R. had -made money in Ihe war-'years and two jncreasei In rales, one. of 15 per cent, m 1917 and one of 25 per cent, iii 1918 had been granted in the rates on Canadian, railways by the railway commission] Results that we were travelling in a vicious growing river higher and more dangerous. First rates went.up aud immediately vages and the of materials advanced. Then caine a demand for a further advance Iu rates. "The end must come de- clared Mr. Symington, "and it must come by somebody refusing lo make orders which will force rates, wages and costs to still L'jhcr levels- Tho cost ot living bas at last been showing a downward tendency, but if this In- crease, amounting roughly to about Is 'imposed, wo nin the risk of creating a-situation which we Uo not care to contemplate. The rail- ways have admitted that the amount of an reflected iu doubled price of commodities. If this increase goes through, it will do away with Jhe little bit of blue sky was begin- ning to show, and we will again be covered with that ominous black cloud, the high cost ot living." "If Ihe appeal was said Mr. Symington, "the discontent vrbtch has moving la men's miuds for some time would be discontinued. "Tbe vicious circle would keep on re- volving, this lime on a higher and more dangerous plane." 'Strikes and .other troubles would result and eventually possible stagna- tion of business. "Tho risk of the consequences of an order of this kind IDC srcit to ;i ab- solutely be declared. No Difference to C.N.R. The disallowance the order could mate no difference to the Cana- dian .'government, railways, said Mr. Byminglon, because they must be sup- ported whether or not the Increases were granted. Therefore, the whola situation was with the C.l'.U. This railway had, In the last ten years, ac- cumulated In reserves, apart altogether from dividends. Dur- ing the war ye.irs of 1915-19, the C.P. R. had added to Its reserve and for the first six mouths of 11120 ils operating revenue was The application said Mr. Symington, was based not upou demoustrated facts, but upou conjecture. That was not a ground for making such au application. Lying on the ground iu the wt-st were more bus-1 hels of'grain tlmn In average years. I These would have to be moved, aiid j they formed the most paying traffic lhat a railway could handle. The. C.Kit, would get its sliaru of Ihis. Hut, supposing Ibat the C.l'.H. a ha.l year, ami lorceu to take len or fifteci, millions from its sur- plus in order lo pay fts incume tai and dividends, would the result be serious? "The possible consequence of this Increase fare more than oS- set any hardship this railway would have to said Mr. Symington. "Surely a railway's reserves were galhered logciher to provide for the After Booze, In Kenora, Thieves Started Fires KEXORA. Ont., Sept. (Ires occurred here at an early hour this morning, tho alarms being sent in within 15 minutes of each olhe- The first destroyed the grocery SION ol Martin and Polrler with a loss ?sti mated at The second destroyed a small stable and the third occurred at the I'.P.Ii freight Kheds, which WSB put out be Bise on C.P.R. Requirements !fore auy damage was iluue Mr. Symington suggested that firi! an attempt of application for increased rates be de-i lh'ev" their tracks, terreii until January I. 1S22, when bad years." had been demonstrated that tt was or was not necessary. If any increase wiis granted, it should Ira a minimum Increase and it must be based upon the requirements of the C.l'.R. If it was based upon the requirements of the government railways, iml erant- to tho C.P.It on this basis, "tho [C.P.H. would soon own the cour.try Instead of having a very healthy mort- gage on It." Continuing. Mr. Symington dilated an the present favorable position oE tlie C.P.R. At the hearing before tho railway board, he said, much had been made of the Increase in the cost o; fuel ond wages, but there had been careful avoidance of ai! reference to increased traffic. On the movement of this year's crop alone there would be earnings of 520.000.000. It had been already demonstrated that the extra earnings of, Ihe first six I months of. the year would look after examination shcwin; that two of liquor had beeji stolen. Evidence was also found of incendiarism, as fuel oil had beea scattered in the building. James Johnson and Joseph Golden were arrested shortly after the firo foi trespassing oil CP.H. property. the extra eiperiEes and tlie six months would probably maie a much better showing. Replying to some questions put by Jlou. C. C. Ballanntyne, Mr. Syming- ton said that the1 government system of railways should not be considered; In connection with the making of rates until such time as these'lines hire, all been consolidated ami convfirtetl into "an operating possibility." "I write the National system of rail, ways off the said Mr. ioii, "aud re-approach the from the the C.P.R. nid.' operating efncleacy." FORYOUNGMENANDMENWHOSTAYYOUNO MADE IN CANADA Men Will Look Better This Season This season's style is quite differ- ent; and many men will be glad, because it is more comfortable and easy looking than the S9ldier-Iike models of past seasons. 'The new coats have a free swing from waist line is lower and not shaped vent is shorter and behaves better. And remember there is art in the cut of a full coat. It must] hang right when you sit or when it's buttoned or unbuttoned your arms are up c down. Art in design is what has' made the Style reputation of Society Brand Clothes. And all- wool fabrics along with fine hand- tailoring hold these clothes to the I lines of the design. WITH THE VARIED GRADES OF CLOTHING FLOODING THE MARKET, LOOK FOR 'nil- LABEL AS YOURGU1DB' DRAND CLOTHES,, c.nrf New York ALFRED DECKER COIIN. United CTYLE H E AD QUARTERS THE "2" M'S Largest Distributors of Men's Wear in Sbutfiern Alberta Kirkhurn Block HOME OF DR. JAEGER'S WOOLLENS, CLUETT SHIRTS, BORSALINO AND STETSON s GEO. A. SLATER AND REGAL SHOES, ;