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THE OSHAWA DAILY TIMES, WEDNESDAY, APRIL 23, 1930 test N ews of Stock 'Markets, Grain and Produce xchanges Produce Prices in the | Commercial Markets RONTO PROVISION Tororifo ---- dealers are quo- the following prices to the trade Einoke meats , medium, 28 fo 35¢; cooked loins, 48 bn 52¢c, smok ed rolls, 28¢; Dreantant bacon, 30¢ to 40c; backs, pea- a Me; do, smoked, 46 to 55c. Pork loins, 30 1-2¢c; shoulders, 20 1-2c; butts, 24 1-2c; hams 26 to 28c. Cured meats=Long clea: bacon, 50 to 70 Ibs, 24c; 70 fo 90 Ibs, 22c; 90 to 110 bs. 21c. Heavywelght 2 40c; light-weight rolls, 25¢. Lard--Pure, tierces, 15¢; tubs, 10g; pails, 17¢; riats, 17 to 17%, Shortening =~ Tierces, 13c; 13Vic: pails, 14¢c. TORONTO FARMERS' MARKET The following are quotations, re- tail, in effect on the St. Lawrence Market, Toronto: Produce-- Eqgs, extras, per dozen ... .... 040 Do., firsts, per dozen .... 0.35 Butter, dairy, per pound + 0.26 Do,, creamer . per 1b. ,. 042 048 Fruits and Vegetables ee Asparagus, bunch ......... 0.75 0.90 Carrots, bus, .. ees 200 Do, 6 qt. Beets, bus. .... Do, 6 Gt. seeeeree Brussels sprouts, qt. Onions, dry, 1l-qt. bask Do, G-ct., bashes Cabbage ¥ Caulifiowe. ' Endive, dozen, Spinach, peck ushrooms, per pound Leaf ' ettuce, three for Head lettuce, two for Parsley, per bunch Cress, three for Celery, dozen Oranges, per fos. Bitter oranges, dozen Honeydew melons, each .., Strawberries, pt. Grapefruit, each Potatoes, bag Cucumbers, each siveeee Lemons, per dozen ,.oeeees oss Bananas, per dozen ....ies Apples, 6-qt. basket a een pas, Grgt. bike, gplant, eaclt ., voiviiivie Green beans, 6 qt. seve s Green peppers, four for w.. Cranberries, qt. Torn 8, bus. nips, 11 qt. Rarsniy DUS. : wasviersrncen 1. Green peas, 6 gt. eeoversn sess On "Yamatoes, Ib. covesneseire sees 0.25 GOOD USED CARS tubs sess e "reer eogeere SiEasuas SEH 83232=nhsa 3 -- ~N saves NOO~OONSEOoOOO™0 Bt Sessa aene es 023 00 sesvanniene oe eer eree 05.100 serene ne Forder Your Spring Suit Now from the DOMINION CLOTHING 00, KING ST. 68 K . W. . hone 2141 We HARDWOOD FLOORS Lald by expert mechanics, Old floor finished like new. Gener .1 Contractors. " B. W. HAYNES 61 St. West Phone 481 « 8073W a 0.35] eggs 42, November eggs 881, 50{ and Bay ports). 'Hogs 800; holdovers 200; Pines each, .ivvines 035040 ye A rive O10 Amana, io Balin REY, TORONTO HAY AND yey Wholesale * dealers in hay and straw are quoting' shippers the fol- lowing prices for carload lots, de- livered on track, Toronto i= No. 2 Timothy ..eeeeee.$14.50 No, 3 Timothy seveeee.s 13.00 $14.00 Wheat straw ..eee00000 11.50 Oat straw ... CHICAGO PRODUCE FUTURES Chicago, April 22.--Although eggs declined further this morning, there is a disposition in some quarters to believe that values in the. cash mar- ket will not go appreciably lower for the present. On the futures call in- terest centred largely on the Novem- bers, which made a new low of 29¢ on the present downturn, Buying or- ders came into the market in such volume as to completely check the decline and to induce a fair rally at the close, Additional declines were registered on 'the spot butter call this morning. Good rallies featured the session in futures this morning, with all contracts closing near the top. Open commitments--April storage April butter 25, May butter 6, June butter 9: November butter 180. Two market receipts--DButter today, 39,855; last year 33977. Eggs today, 120,204; last year, 108,558. Chicago spot market-Butter, ext ras, Jc; standards, 37c; tone easy. Eggs, graded firsts, 23 1-2 to 23 3-4c; tone easy. New York spot market--Butter, ex tras, 38 1-2¢c; no tone. Eggs, firsts, 25.12 to 25 3-4c; tong irregular, Street stocks--Butter, today, 85,173 last year, 68,369. Eggs, today, 150,352; last year, 154,844. Four markets on hand--Butter, 8, 712,272; eggs, 1,570,789. he citics==Butter, 3,444,039; ges, Movement at ten markets--Butter, net out, 132996; last year, net out, 31,368. Eggs, net in, 94,181; last year net 'in; 91,226, ,25| TORONTO GRAIN QUOTATIONS Grain dealers on the Toronto Board of Trade are making the fol- lowing quotations for car lots: Manitoba wheat--No, | pogthers, 1.11 3-4; N. 2 do, $1.08 3-4; Ne. 1.05 3-4; No. 4, $1.03; No .5, 96 why No. 6, 75¢; feed, 68c (cif. Goderich 49¢; 9 Manitoba Juts=No, 1 feed, No. 2 do, 4 American corm=No. 2 yellow, 1-2¢; No. 3, do., M4 Millfeed, delivered Montreal freight, bags included--Bran, per ton shorts, per. ton, 25: midd- fines s $36.25, Ontario grain--Wheat, 0; oats, 50 to 52: barley, 52 to a rye, 73 to 75¢; buckwheat, 80¢, EAST BUFFALO LIVESTOCK East Buffalo, N.Y., April 28, active generally 10.85; 10.50; mostly "to shippers; steady; bulk 160-240 1bs., weights below 150 Ibs, packing sows 8.90 to 9.25. Cattle - 20; Medium steers strong at 11.60; cows fully steady cutter grades 8.50 to 6.265. Calves 300; vealers unchanged, good to choice 12.50 to 13.00. Sheep 700; lambs 15-25 higher; good to cholce clippers 90 1bs,, down 9.25 to 9.60; mixed offerings 9.00; others nominal, FOREIGN EXCHANGE New York, N.Y, April 23 Prime mercantile paper 3% to 4 per cent, Foreign Exchange steady. demand rates (Great Britain in dollars, others in cents): Great Britain 4,86 1-16; France 3.92%; Italy 5.23%: Germany 28.85%: Canadian dollar at 1-32 of one per cent, discount, CHICAGO GRAIN OPENING Chicago, Ill, April 28.--~Wheat, May $1,04%; July, 3 06; Sept, 109%; corn, May 82%; July 88%; Sept. 84%; oats, May 42%: July, 43; Sept., 42. 'Boys Like to Build Boys simply must 'be active. Rana Idle hands get into mischief, and '80 it is much better to encourage boys in constructive use of their energies. Give them tools, and then let them build things around the "house. There are scores of things boys in: censtructve use of their houses, "leantos", porches, boxes, . shelves, partitions, and 'they will . love to do it if encouraged. When % iy buy the lumber, choose the Toronto, April' | the focal livestock | firm on all grade ood butcher 600 he : Trade wil wet active it price cows brought $8.00 Calves are low at. for Shoise I ity the bulk selling a+ round §$ BS iba unseftied with a st er tone, packers ate biddi f.0.b. for bacons o Yearling jambs oid at $11.00 16 $11.50, for choice; sheep were steady at $7.50 for best ewes, Good Spring i from $13.00 to $1400 ac Receipts 669. Trade active. Heavy beef steers $9.50 to $11.50 butcher steers, good to. choice, $10. to $11.25; butcher cows, medium $7.50 to $8.75; calves, good to choice, $11 to $12; good ewe lambs $11 to $11. 50. CHICAGO GRAIN Chicago, III, April 23~Wheat pri- ges jumped higher early today, large- ly owing to farm board allies takin, ownership of millions of bushels of cash wheat in exchange for May con- tracts. There was : speculative buy. ing also on the ground that the wheat market had been declining for a fort. night and that rallies were overdue. Opening 5-8 to 1 3-8 up, wheat later reacted somewhat, but then rose a- gain, Cory, oats and provisions were likewise firm, with corn starting 3-8 to 5:8 higher and subsequently hold- ing the gain, WINNIPEG GRAIN OPENING Winnipeg, April 23.~Wheat-- May 5 to 1 cent higher at 107% to 108%; July, Sc to 1c higher at 110% to 111%; Oct. %e to %e higher at 114 to 113%, Oats--May 4c higher at 5168; July %ec higher to unchanged at 62 to 61%. LOWER SALES TAX SAVES CANADIANS 518,000,000 YEAR Revenues for Fiscal Year Down Due to Lower Taxes Ottawa, April 32--Nation re- venue figures for the fiscal year which ended March 31, 1930, show a net decrease, as comppred with the preceding year, of $14,000,000, The decrease is chiefly due to a falling off of $18,000,000 in the amount ylelded by the sales tax be- cause of a reduction in that im. post from 3 to 2 per cent., which was announced by the Migister of Finance a year ago, In other words the late Hon. James A. Robb put $18,000,000 in the people's poo kets on that reduction alone when he delivered his last Budget. The total decrease in customs and excise revenue for the fiscal) year just closed is( roughly, $23, 000,000 compared with the year ended March 31, 1929: An increase of $9,000,000 in income decrease to $14,000,000, The income tax yielded nearly $70,000,000 daring the flscal year just ended, as against $61,000,000 in the preced- ing year. The decrease in customs duties during the year just ended was aps proximately $5,000,000, notwith- standing the fact that imports of goods for consumption in Canada were slightly larger than in the preceding year. The drop in cus. toms revenue is explained by av increase of more than $5,000,000 in refunds and drawbacks. Excise duties yielded over $60, 000,000 in the year just closed, or an increase of about $1,500,000 as compared with the fiscal year ended March, 1929. These are the duties imposed on spirituous and malt liquors, cigarettes, cigars, tobacco, ete. As already stated, total imports entered for consumption showed a small increase during the year, while exports' of Canadian goods show a decrease of more than $200,000,000, due entirely to the tie-up in the grain and flour trade. Exports of manufactured goods show a slight increase, * Total ordinary expenditure for the fiscal year shows an increase of about $10,000,000, and will be in the neighborhood of $336,000, 000 when the. Juoks are closed for the year, The increase is account St ONES 1 vorment oo | of ,000, n paymen rep. arations claims, : Devenve * ! Postoffice revenue for the year Is up nearly $2,000,000, but' ex- penditure also rose din Jy owing to ab increase ly n salaries to the ere pe of A ue fd servic the public d 000, ii to $1200] {| Toronto Stock Erde Stock High Br. A, 01) 40% Braz, .. Db4% Can. 1st 90 Can, Brd. 16 Cockshutt 20 Din. Sgrm, 3 ypsunm 4 Hr. Wal, 133 Int. Util, 50% Int, Nki. 88% Int. Pet. 283%; Ind. Aleh, 8Y. Imp.. Ol 27% Lob, "A™ 14% Ms, Hr. 36 Me, Frt. 25 Mt. Pwr, 157 8. Station 403 Low Close 0% 72 160 112 48 B05 910 350 6606 785 67 1016 2280 3425 193 72 160 112 18 BOG 910 350 660 700 67 1015 2326 8425 193 74 166 113 48 516 910 360 Abana Ajax ., Amulet Big Mis. Ch. Res. De. Mns, Falcon. Holl, .. 660 He. O11 800 Hy, Gold 68 Hd. Bay 1030 Lk. Sh. 2320 Nranda, 23500 Sh. Grd, 205 Stock Market Prices Markey Summary by Canadian V'ress Toronto and Sow York Stock Quotations Supplied by / Biggar and Crawford, Alger Building, Ushaws 8d. Bs. 250 Tk, Hg. 0560 Wr, Har, 208 Wainwell 4 {MINING MARKET Golds Strong, Wright:Har. Toronto, April 23,~As a result of 01d roosters, over b bs. A SPRING E SONG. Do., over 4 to b bs, .. : (Selling) Toronto wholesale dealers are offering pyoduce to retail dealers ot the following prices: ' Dggs--Fresh extras, In cartoons, 84c; fresh extras, loose, 32¢; firsts, 30¢; seconds, 27¢. Buter ~- No, 1, prints, 3be;- No, 2, prints, 38c. Cheese-~Now, large, 28 to 232 %¢c|, twine, 20% to 24c; triplets, 23%e¢c; #tiltons, 27¢. Old, large, 28¢; twins 20e; triplets and cuts, 20c; old stil- 19 2% 16 19 A tenderer grace the earth revesls With Spring in gentle Iands, And all of Nites enchanted wheels Glide over jeweled sands, My spirit that so Jouy 2a hes vighed Upon its wintry With lovelies iid 1 ot liad Wakes up and gladly sings, Oh, never did the Spring awake Buds of so fair a dye; So spirit-like the Toruings bres y. STILL IRREGULAR efeamery creamery, greaves Being Feature of Trading r---- New York Exchange Close High 81 Btock Alleghany Allls Chal, 66 Amn, Inter, 61% Amn, Smel, 72 Amn, Tel, 266% Angconda 66% Jaldwin .. 327% dorden ... 83% Borg War, 47% Beth. Steel 103% Can, Dry 708% Can, Pace, 210 Com. Solv, 30% Chrysler .. 40 Dav. Chem, 38% Fox hig Gen, 91% Gen, Mot. B24 Goodyenr ,. 85 rt, Nerth, 95 Ken. Copper 495 Mt, Ward 47% Nt. Ch, Rg. b9% Fen, Rall 81% Hadlo .... 08% Rem, Rand 43% Sim, Bed ,. §0 Sin, Ofl ... 30% Bt, of NJ. 81% Studebaker 41 Tk. Rl, Bear 86 U.B. Steel 192% U.S. a2 Rubbe: 32 Low 31 G6 60% 71 26H 03% 32 8614 190% 32 MANY NEW HIGHS ON TORONTO EXCHANGE Stock Market Shows Revers- al of Form and Is Much Strengthened Toronto, April 23. Showing a com plete reversal of form, the market on Toronto Stock Exchange today shot upward with new highs for the year made in a number of issues and almost coniplete recovery shown in all groups ere still was some sell- ing in Nickel and Noranda, due pos- sibly to rumors that & further cut in the price of copper was in the offing, the decline in these two issues was only fractional and did not accomp- any a heavy volume, ick recovery was made in Bra. an Traction, Ford of Canada, Fa- ii Players, m fact most of the in- dustrials ealled, while the oils were firmer again. Brazilian not only got back yesterday's loss but pushed through 54 to set a new high for the year. Towards midday the stock eased off nearly a point from its high but profit-taking was not ex- tensive. Ford shot up over two points and almost equalled its top for 1930. Famous Players was up to 57, West. on's made a new record at 34, In. ternational Utilities went fractionally higher and to a new high above 50. Walkers was holding up well at from 13 to 13 1-4. The oils, though making slow headway, nevertheless were firm, ABITIBI SEEKS THE RIGHT T0 DEVELOP WHITE MUD FALLS In Case British Syndicate Fails to Exercise Option, Company Will Apply Winnipeg, Man, April 283--In the Jeane that. British syndicate, which has a ony rmit for development of White Mud Falls, I to exercise its option it was today that: the Abitibi Co, Ltd, will Lk "oriiloss of developing 0, hi A is felt" here, however, that the British Syndicate will not 8 'readily let go of the greatest water wer falls in the province, situa- on the Nelson river in northern it The present priority permit expires on May 21 and the "| prvi or government has not yet ed of the syndicate's plans, A 8 A Company, which hag "interest in the Manl- rot Paper Co., Is understood to be to go ahead With devel- ents adjacent to White Mud and would find the isl or available thero necessary its for lia work. More than a million pulp wood within ace sed distance of tho falls, it 1s ------------------" STOP! LOOK! LISTEN! hE (T the distillers ¢ sents, It to the Ontario fats Ay cost young man who bought it 4 pont $3,0 Rt a young man his Tite, Ontario's profit was 70 cents, aa was it? A bottle of acy: das 1 profit & ant the County of Rigin|ed CANADIANS HOLD CONTROL OF MOST COMPANIES HERE OWN 65 PER CENT. OF SECURITIES OF FIRMS IN CANADA British and Foreign Capital in Canada Totals $5,904,169,000 Ottawa, April 22 ~~ Canadians own from 65 to 65 por cent. of the securities of all enterprises located on Canadian soll, Canada's national wealth is be- tween $28,000,000,000 and $30, 000,000,000, of which one-fifth is capital from other countries. United States investments. in Can ada are greater than British invest. ments in the Dominfon and Canada has more than ten times as much money invested in the United States than she has in Britain, The above and many other inter: esting and important details of Can ada's financial situation were dis closed in an estimate made public today by the Dominion Bureau of Statistics. The report states: "any estimate of this character is liable to a mar. gin of error, but the utmost care has been taken in the present coms putation, and it is belleved that the: figures approximate fairly to actual conditions, More complete inform- ation of this kind is being obtain. ed from year to year, which en. ables corrections to be made in pre- vious estimates. For the present estimate revised figures for invest. ments in government and railway securities were made possible through the co-operation of mun- feipal and provincial treasury de- partments, railway companies and the Canadian chartered banks, Total Foreign Investment "It is estimated that the total British and foreign investment of capital in Canada on Jan. 1, 1020, was $06,904,160,000. Of this sum $2,107,682,000 was British, $3,470, 087,000 was from the United and $236,400,000. was from other countries. Since our national wealth con 'be estimated for the 0 date as between $28,000,000, 000, and $30,000,000,000, it will be seen that outside capital com- prises about one-fifth of this total, Moreover, it is estimated that Can: adians own from G6 per cent. to 65 er cont. of the sacurities: of all nterprises located on Canadian soll 'and in addition have invested a broad the sum of $1,746,815, 971, which is early 3) per' cent, of the outside inv ent in Canada, Ot these Can lah investments abroad, $95,016,848 (to be in Britain, 'oor 661, 787 in the Un. ited States and $608,247,401 iu other countries. "Total indeblodness to outside countries increased by approximate. Iy' $160,000,000 in 1928, Our in- debtednoss to the United States in: creased by $166,000,000, while that to Great Britain was reduced by $17,000,000, Now Canadian issues in which outside countries partici. pated, including stock rights, am. ounted to about $720,000,000. Of 'this gum tans themselves took 414,000,000, United States $241. 000,000, Great Britain $82,000,000 |. and other countries $8,000,000. In addition outside countries purchas. old Canadian securities on the stock exchapges ar made direct in. vestments in Canada amounting to $100,000,000, of which the Unjted States took $81,000,000, Great Bri nery Jr oduced by many rue mors of stil the price of copper, traders contine ued dubious regarding stocks on the mining market during the carly extensive) sorbed, Golds, however, remained par ticularly strong, and the list, at noon, still retained its irregular appearance, feature of the session, moving well above $2 and standing at that price for a gain of 10 when taken, Lake~ shore was also strong, moving up a quarter to $23.25 while McIntyre gait ed 20 to $19.50 and Kirkland Lake gold 3'to 50, decided and down 5 to $640. Howey dropped another 2 to a low of 05, buying produce ut the following prices: fresh extvas, seconds, 23ec, 30% to Bic; No. 1, 33e; No, 2, 30c, parafined and government graded, 19. to 19%e, Hens, Do., over 4 to 5 bs, , Do., under 4 lbs. each Spring brotlers, over 2 lbs. From such a radiant ¢ Oh, never did the My part Such chaliced snow and gold; And never did a Lappy heart So dear a secret hold! : ~Emily Morrow tons, 81c. : Poultry e-- Dressed Chickens, DO 1hs, up «ven Do., 4 to 6 1bs, . Do, 3% to 4 lbs, Do., 810 3% 1bs, 4s Do, 3 1bs, Hens, over 6 108, +... Broflers ..... Ducks ,eovsovsrsnssane Turkeys .. further reductions in the copper period today, some. fairly uidation being poorly ab Jt used to be that wpring war the time for feeling run down, buf now tlie motor cars operate the year round--Toronto Dally Star. Wright-Hargreaves was the only BRS RIT J I AUTOMOBILE OUTPUT |° INCREASED IN MARCH Teck Hughes was un- Washington, April 22~An increase | In. automobile production during March to 401,378 vehicles, as com pared with 324,018 in the preceding TENDERS rOR COAL month but a decrease from the 583, EALED TENDERS addressed 8 fi Tota 455 total of the corresponding month $ave Age, spas ot-hia of last year, was reported yesterday by| fice unit 12 slock noon, J the Department of Commerce. Pass. enger cars comprised 335.789 of the total output, trucks 04,200 and taxi- cbs 1,380, TORONTO PRODUCE QUOTATIONS (Buying) Toronto. wholesale receiv: dealers are ay 7, 1930, coal oye M Domiiibon Baidings the Province of Ontario, rr the at of Ottawa, Forms of tender with specifications and conditions attached. can be obtained from G, W, Dawson, Purchasing Agent part- went of Public Works, Ottaway and R. in ter, District Resident, Architect, fork Vie toria Street, 'Toronto, Ont, Tenders will not be considered unless msde arement and in accordance with departmental specifi cations and conditions, The right to demand from the, successful tenderer a deposit, not exceeding 10 pef cent of the amount of the tender, to secure the proper fulfilment of the contract, ls reserved, By order, N. DESJARDINS; Secretary. Eggs---Ungraded, cases returned, 28¢; tresh firsts, 26¢; A BAR The people of the Old Land are reported to be cheerful under the ndded Joan of taxation, To smile and carry on is still the Dritish way.~Brantford Expositor, Butter--No, 1 creamery, solids, No, 2, 34% to 30e, Churning cream--=Special, 4c; on the forms supplied by the [ Cheese~No, 1, large, colored, Give some thought to serious things this Easter--it. will do you good,~-Galt Reporter, Services on Sabbath will be with | drawn on account of the special Easter services at Tyrone. Alive Dressed 24 22 Poultry over 5 1bs. 20 25 Department of Public Works, Ottawa, April 14, 1950, tain $17,000,000 and other coun: tries $2,000,000. Let Us All Tackle This Job It shows the road to real Prosperity E desire to associate ourselves with The Bank of Nova Scotia in their public spirited efforts to impress upon Canadian thought impor= tant aspects of present economic conditions in this country. . Li wiv goles In the progressive upbuilding of a country like Canada there are some periods of reaction when adjustments must be made to meet new conditions. The way to bring about improvement is to tackle. the job and not spend time on post- mortems. The present sltuntion appears to be largely. s world-wide decline in commodity prices. Tis markets of the world are looking for lowes priced products and materials. >" Other countries are not as well favoured as we are. Canada's great natural resources place us in an enviable position to meet competition, Canadian brains and initiative can find the way to adjust cost of production to the lower prices obtainable and still create a profit, It hay been. done before. The drastic decline of commodity prices in 1020 to 1921 was followed by a period of great prose. perity covering a number of years. Canada is better equipped now than it was then to meet the situation, and provided the problems, . ¥ are tackled promptly and intelligently the perio of readjustment need only be short. - What we do is more important than what we say. Let us buy and sell--build--go ahead--- plan and work----keep the wheels turning to the utmost of our ability as individuals. The Canada Life Adsarance Co. & Rat SIERTIG SPARSE TENOR EWE EE RTR OK