29 Sep 1931
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Sep 29, 1931
Page
1
In Medicine Hat year stories list byline and department details for circulation and advertising. The note lists carriers and mailing months and contact numbers as part of department credits and publication logistics.
A Toronto Globe analysis notes the pound in France and the Canadian dollar in the United States suffer devaluation in practice. It cites bank failures in the United States, strict customs, and currency distrust, arguing travelers must barter with goods like butter or eggs to move value across borders.
The New Statesman urges Britain to avoid foreign borrowing to prop up the pound and to convene an international gold standard conference. It argues Britain may lead a shift to a new currency system if the pound leaves the gold standard, with France and the United States cited as failing to support long term investments. Prime Minister Bennett affirms Canada's adherence to the gold standard.
The Star questions whether a gold standard serves as an international system. It notes France and the United States use it for selfish ends and fears Canadian bankers may doubt Bennett’s pledge to stay on gold. It predicts gold drains from Ottawa akin to London, forcing Canada off gold in self defense.
The Brooklyn Eagle notes Belgium’s post war rebound from wartime destruction with old plants replaced by modern facilities. It cites doubled pig iron output, 90 percent coal mechanization, 100 percent glass growth, stabilized currency, low unemployment, moderate taxes, near balance of exports and imports, and growing savings and government bonds. Canada’s fishing and apple sectors also show gains with high lobster catches, rising canneries, and a $30.81 million investment in fishing industry plants.
After burning stubble and reseeding, grain yields show the method superior to other stubble treatments, per Dominion Experimental Farms results over years. Objections include nitrogen and moisture loss and soil fertility concerns, while supporters cite weed control clean crop and convenience.
Dominion Bureau of Statistics bulletin shows July 1931 births in 54 Canadian cities at 7,384, deaths 3,627, marriages 2,748, vs 7,748 births, 3,628 deaths and 3,174 marriages in July last year. Seven month totals to July reveal births down 2 percent, deaths up 41 percent, marriages down 11 percent from 1930.
The value of land, buildings and fur bearing animals in Canada rose steadily through the decade, reaching 1929 total of 30,356,034 dollars. This marked an increase of 7,379,743 dollars from 1928 and a gain of 24,430,538 dollars since 1920. About 26 animal species are now bred regularly for pelts.
Despatches from financial centers note Britain may suspend the gold standard, a radical wartime measure revived in tough times. Debates question whether Westminster should return to the prewar currency basis given inflational advantages enjoyed by others and Britain's postwar debt burdens and generosity. Frozen German assets are noted.
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