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INVESTMENTS IN © CANADABY US, A LT TE ET RP ST TORT YEARNS TES IRAN 33 L345 Eyl & I ity Ia I ara She $i 4 TN A ------ ee ie epee TER se ind 4 ¥ PAGE TWENTY.ON Increase of Nine Hundred ' "Per Cent. Is Shown Since 1913 _ "American investments in Can- ida have increased approximately »00 Jer. cent. Since 1913, and aow more. : r cent, or this country's total forelgn loans and investments, During the post- war period, the United States has op! Great Britain as Canada's creditor, Great Britain's in the Dominion hav. ing shown practically no. gain since 1913," state Dominick and Domin- ick, New York, in the market let- y WI adds: : "Of the $15,000,000,000 which America now has loaned and in- vested abroad some $3,660,000,000 represents Canadian securities--by ar the lar, amount of American ds inv: 4n any single coun- This amount is. about twice in #5 large as the total of Ameri investments in Germany, the n largest borrowing country, and i by $1,000,000,000 all of South America. over, only $1,000,000,000 less than the total of America's investments in all European countries, exclusive of the war debts. menced during the war, when Great Britain was temporarily unable 'to furnish the Dominion with the capi- tal it required. In 1913, Great Bri- tain's Canadian investments, built up during the preceeding half cen- tury, totalled approximately $2,- 000,000,000, while hose of Am- erica amounted to but $400,000,- 000. During this last pre-war year, Great Britain increased its holdings of Canadian 'securities by nearly $250,000,000, while the United States invested barely one- fifth that amount, "Commencing with 1914, how- ever, American investments in- creased rapidly and substantially, whereas those of Great Britain steadily declined, During 1914, this country purchased Canadian] securities valued at about $300,- 000,000, but no British capital whatever was invested in the Do- minfon, During the 15 ensuing years American investment have in-| creased on an average of $200,000, 000 annually and now constitute about 60 per cent. of the total for- eign investments in Canada, as com- pared with 30 per cent for Great Britain. "Approximately 25 per cent of the American invastmont in Canada 'represen overnmenta cial and municipal bonds which. have; been marketed in. the United States. at very favorable rates of interest. Indeeed only Unit- ed 'States Government issues, and those of the principal states and municipalities have enjoyed a low- er interest rates. Canada's proxi- mity, the. stability of its exchange and the adequate resources known "Large scale purchasing of Can- adian securities by Americans com- to exist as guarantees of repay. ment have all contributed to the CANADIAN REE] wW OCTOBER N™-ig™ . FOR CHOICE POULTRY and MEATS ----------« Look over the Meats in our window and be convinced that we have the quality at the right prices--every piece will have a ticket for Prosperity Week. GATES 22 Simcoe St. | PHONE 3% ~ At Lowest Prices K EA rg ow ready marketability of these {s- sues. | 'Investment in Canadian corpor- ate securities, while slow in de- veloping, has been particularly active during recent years. From 1915 to 1925, for example, Ameri- can financing of 'Canadian indus- trial and Dublis utility enterprises totalled only $600,000,000, but in the past four years alone some $650,000,000 additional of Cana- dian corporate securities have been marketed in the United States, "American investments of this nature have been largely confined to Canadian railroads, public utili- ties, the pulp and paper industry and mining, Some $680,000,000 of American capital is now invest- ed in Canadian railroad securities, as compared with $60,000,000 of British capital. This country now holds 32 per cent. of the common stock of the Canadian Pacific Rall- ay, an investment of $110,000,000 compared with 10 per cent. in 1913: In addition, about $1265,000,~ 000 of Canadian Pacific bonds have in the United States since 19165. Approximately $450,000,000° of Canadian National Railway bondi have also been purchased by Am- erican investors in the last 15 years, . "Some $400,000,000°0f American capital is now invested in Cana- dian water power projects which furnish electric power, light and traction to all parts of the Domin- fon, this being double the amount 80 invested in 1926, and an addi- tional $500,000,000 is invested in the pulp and paper industry, which is 80 per cent controlled by Am- erican interests.' ' [1 COUNTRIES HAVE ALTERED TARIFFS Changes Made Since United States Adopted New Schedule Washington. -- Eleven countries have taken retaliatory meausures or made threats of retaliation against the United States tariff, a report just published by the Foreign Police As- sociation shows. With reference to Canada the re- port says: "The mutual importance of friendly trade relations between the United States and Canada is indicated by the fact that in 'recent years Canada has been the leading foreign market for United States merchandise, and, conversely, the United States has been the most important market for Canadian goods. In 1929 American exports to Canada totalled about $950,000,000 while American imports from that country exceeded $500,- 000.000." N " Oshawa Fhe report drawn up before the Government of Prime Minister R. B. Bennett took office, anticipates the upward, revision made a short time ago and says, "tariff policies were much discussed' during the election campaign. This resulted in a deci- sive victory for the Conservative who opposed countervailing duties, but advocated higher tariff barriers against all other countries." Storm of Protest . The report further says, "Drastic upward revision in the rates on farm products in the new United States tariff raised a storm of protest and ill-feeling (in Canada)." Since passage of the Hawley-Smoot tariff measure, Canada, Australia and New Zealand together with Cuba and Spain have made extensive revisions. theygeport says, while France, Italy, Switzerland; Mexico, Uruguay and Argentina have increased individual duties or threatened to do so. Measures most seriousily affecting exports from the ited States are cited in the re as $ Canada: General igion May 28. (the later revision made by the Government of Prime Minister R. B. Bennett came about afterward.) Australia: General revision of April 4, supplemented by that of Jume 20 wherein while there was no apparent discrimination against United States, duties were raised on a large number of' American products. New Zealand: Tariff revision of July increasing duties on a long list of imports and increasing the British preference on 158 items. The United States is affected more seriously than any other country, rance: Increase in automobile du- ties of nearly fifty per cent, French trade associations have demanded termination of the most favored na- tion agreement with the United States, Italy: Increase in automobile du- ties ranging from 100 to 167 per cent. Threats of reprisal against the United States have been made by trade groups. Argentina: Appointment of a com- mittee to darw up' a new tariff. Threats have been made by trade as- sociations and Chambers of Com- merce, U.S.C s Blamed The report admits that many fac- tors have entered. into the revision of tariff rates entered into the revi- sion of tariff rates by the countries concerned, but asserts that in ma- jority of cases charges in rates have. been made by those countries most seriously affected by the Hawley- Smoot tariff. An analysis, the report says, shows more than half the value of the leading imports from seven countries are affected by the increase in- the United States tariff. Twenty-three per cent of the value of the leading Canadian' exports to the United States is affected by. the increapes contained in the Hawley- Smoot legislation, the report says. On a similar basis. 50 per cent of Aus- tralia's export trade and 30 per cent of New Zealand's export trade with the United States is affected. IMPORTS BARRED = OWing to the existence of foot and mouth disease in England an order has been' issued from the Departs ment of Agriculture at Ottawa un- der the Animal Contagious Diseases Act cancelling all permits for the importation of ruminants and swine from Great Britain to Canada! This action' has been made necessary as foot and mouth disease has been con- firmed near Leeds in England, The order reads in part: --"Owing to the presence of foot and mouth diseasc in England all permits for the im- portation into Canada of cattle, sheep, goats, other ruminants, and swine from Great Britain are cancel- led: with the exception of those cov- ering shipments which are at this date actually embaghed on vessels en route to Canada" The order is dated September 8, 1930. MORE CROP COSTS The annual report of the Experi- mental Station of the Dominion De- partment of Agriculture at Winder- mere, B.C, provides some interesting sidelights on crop 'costs, Alfalfa cost $3398 per acre to pro- duce, gave a yield of 3.8 tons which at $20 per ton amounted to $76.00, a profit of $42.02 per acre. : Potatoes 'cost $178.10 per acre to grow, gave a yield of 813 tons valued ot $332.00, a per acre profit of $153. Sunflowers cost $6540 to produce, ve a yield of 12.1 tons which at per ton amounted to $60.50, a loss of $4.90 per acre. Peas cost $48.70 per acre to grow; yielded 46 bushels of grain and 2.3 tons of straw, valued at $120.20, a profit of $75.50 per acre. The peas were worth $2.50 per bushel and the straw $4 per ton, Oats cost $37.77 per acre and with a yield of 58.4 bushels of grain and 1.2 tons of straw, gave a value of $48.60, or a profit per acre of $10.83. CROP FIGURES REVISED The September survey of condi- tions throughout Canada in the fruit industry by the Fruit Branch of the Dominion Department of Agriculture shows the apple crop to be 75.5 per cent of *1928,.and 200,000 barrels be- low the five "year average. Nova Scotia, Ontario, Quebec and New Brunswick are all considerably "off" in production prospects this year but British Columbia expects some 360,- 000 barrels more than last year and a quarter of a million barrels more than her five year average, Weather conditions generally have not been entirely favourable and the general lack of rainfall has retarded growth, at the same time orchard pests have been kept in check and there has beén no serious outbreak of agple scab, The pear crop is substant Rly ahead of last year and the peach crope while lighter than expected, will be well ahead of 1929. Plums and prunes in Ontario show a slight increase while the British Columbia production is down by 27 per cent. Grapes will be about the same as last year, ESN Ho ""The horse you sold me last week ie a fine animal, but.I can't get him to hold his head up." "Oh, it's because of his pride He'll hold it up as soon as he's paid for."--Gutierrez, Madrid, NO, WE HAVEN'T A Jew and an Englishman were having an argument gbout the ways of their respective races. "have been taking things from us all your lives. The Ten Command- ments, for instance." "Well, yes," said the other, "we took them from you all right, but you can't say we've kept them."-- Tit-Bits. Boxed Stationery Special at 29¢c 50c FICTION For Prosperity Week BOOKS - 3 for $1.00 - 39c each ~ srtshaw Book Store 37 Simeoe Street, North Phone 1472 "You people," sald the Jew, EN ES RS ET --=CANADIAN PROSPERITY WEEK JOHNSTON'S =Means Prosperity Because of Our= 10 DAY Stock Reducing Sale | Posperity will come through an increase in trade-~In order to stimulate trade we make the following offerings:- - SALE OF OVERCOATS In navy and dark grey cloths, in plain models for the 24 [6] conservative dresser, and fancy Guard for the young fellow, beautifully cut and tailored. $30.00 to $35.00. Ten Day Sale Price, Now is the time to buy your winter coat. Men's and Young Men's Coats, made in fancy tweeds, in S.B. and D.B. models. MEN'S FALL TOPPERS We offet our entire stock of Men's Toppers-->50 in all $15-$22 50 ~--that sell regularly at from $22.50 to $35.00 for ten days only at two prices, Regular values Ten Day Sale Price, We offer 35 MEN'S SUITS 50 Men's Suits, values as have never been offered to any public. They are odds and ends from the previous season's selling, and will not last long at 9s Reg. $15.00 and $18.50 values In fine Tweeds and Worsteds, as well as fine Blue Hairlines, in the latest young meh"s 00 and conservative models. Some with two ° pants. Reg. $25.00 to $28.50. Men's Fanc CASHMERE HOSE ee ou. 1 es IC BOYS' JERSEYS In pure wool botany yarns, in rosewood, green and canary and fancy jacquard patterns, very suitable for girls or boys. Sizes 6 to 12 years. $1.10 and $1.65 KIDDIES' SLEEPERS In plain white fleecelined, one piece, with feet, sizes il to 6 years ...... sia 95¢ BOYS' CAPS Made just like the men's in similar cloths and patterns. Regular $1.00, Each ........... EN KIDDIES' KNITTED SUITS In real pure wool worsted yarns, in pretty shades and styles, in one or two piece mod- els. Just the thing for this sea- son. Regular $1.75 to $3.50. f $1.18 $1.95 $2.45 BOYS' SHIRT WAISTS A large and smart display of waists, well-made and a good full size. Regular $1.00 to 3 values. : BT 15¢ BOYS' SHIRTS In fancy cloths with. separate collars, sizes 1115 to 14. While they last 75¢ BOYS' SUITS Made from good strong, im- ported tweeds, in fine checks and stripes. Colors grey and tan. New smart $5.95 styles: ...ocsnsinsnniic Fe BOYS' SUITS 7 In good quality plain and fancy; tweeds, grey, brown and tan shades. Made in two bloomer, or a bloomer and breeches, in S.B. and D.B. styles. Sizes 10 to 15 years. . Regular $10.00 ins 90.99 MEN'S CAPS 100 Men's Caps in many shades and patterns. Regular- ly sold for $1.50 t $2.00. Each isi 95¢ Headlight Overalls and Smocks In plain blue, black or stripe, smocks to match. Regular an 31D Men's Work Shirts In khaki, blue, chambray, and navy. Regular $1.25. Each .i¥issssssississrnriss 85¢ MEN'S ODD PANTS We are dividing all our odd pants that sell regularly at $2.50 to $4.50, in all sizes in- to two move quickly prices. no. $1.99 11a $2.95 MEN'S BLUE SERGE SUITS Made from our usual high quality cloths and tailoring, made in Young Men's and Conservative models--all sizes. Some have extra trousers. Very special for ten Men's Trench Coats Made in the regulation army trench coat style in plain, putty. shade. Regular $10, $12.50, $18.50. Ten Days Sale Price, $6.75 $9.76 $12.75 * JOHNSTON'S REE CT ST. \ EB: I fi i if ----------------a tas tells as Ta EE BB