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4 * a -- + 'compared with $2; PAGE TEN" THE OSHAWA DAILY TIMES, WEDNESDAY, JUNE 10, 1931 $300,000 Reductions Are Made In Operation Of Montreal's Fine Harbor Montreal, June 9.--Curtailed op- eral of port facilities and exer- gise of the most rigid economy en- abled a 'saying $290,225 to be made in the operation and mainten- ance costs of the harbor during 19- 30, it is revealed in the annual re- port of the Harbor Commissioners issued last Saturday. Throughout practically the entire report there is some reflexion of the severe depressions from which the whole world is suffering but here and theré a more cheerful note is sounded. ; The following passage summarizes the position. "Grain exports fell slightly below the unsatisfactory figure reached in 1929, general ex- ports decreased, ships and shipping tonnage were lower than for sever- al years, railway traffic was less than in the previous year, and the tonnage of domestic merchandisc also recorded a decrease. Revenue in consequence, failed to meet ex- penditures by a considerable mar-+ gin, The mags satisfactory showing was made by the import tonnage, which reached a new high figure, largely due to the considerable in- crease which was recorded in roal imports. Ocean Freighters : "Ocean freight business experi- enced an unsettled year, with book- ings on an unusually meagre scale, and at unprofitable rates. Passen- ger carryings were satisfactory, and the excellent schedules maintained by the ocean companies were not unduly curtailed. Inland steamship business was affected by the con- tinued sluggishness in outward grain movement, and several of the com- anies engaged in this fide were reed to lay up a pol of their tonnage." Income on revemue account amounted to $4,310,935, smaller than in any year since 1923 and a de- crease compared with the previous year of $807,632, Expenditure on capital account totalled $2,243,677 but when credit and adjustments have been allowed for the total net addition to capital account was $2,- 056,649. The opening section of the report is entitled "Wheat consumption ver- sus meat production" Here the world glut of wheat is' considered and possible future outlets for the Canadian wheat crop are considered and the opinion of experts is quot- ed to the effect that with the ending of civil war in China, the restora- tion of the currency to a normal basis and the extension of transpor- tation and grain handling facilities, the Oriental market could be n- creased ten fold. The importance to the port of Montreal of more extensive live- stock production in the west is em- phasized in this section and it is asserted that the Brtish market for Canadian cattle and cured meats is a valuable one and the development of a production method by which a steady flow of export meats and livestock would be assured yield de- hnite results to the port. Financial Showing Details of the revenue situation of the port are as follows: Income on revenue account, 1930, smounted to $4,310,935.13, which was smaller than in any year since 1923 This total was made up as follows: Grain elevator system, $1,785922.02; wharfage rates, $1,211,167.44; rail- way traffic department, $494,263.05; rental of sheds, etc, $410,682.18; rental of horbour spaces, $£190,290.- 33; Storage warehouse, $160,514.30 ; Sundry receipts on revenue account, $56,135.00;and interest, $1,960.21. The decrease in revenue from the previous year amounted to $867,- 532.58, including decreases of $301,- 487.09 in income from grain elevator system, $17593894 "in sundry 're- ceipts, $108,840.32 in revenue from railway traffic department, and $62,- 19891 in revenue from wharfage rates. A total of $1,000,000 of debentures were retired during the year, that expenditures on revenue account amounted to $4,671,45431, and that there was charged to revenue ac- count the sum of $528,300,00 for sink ing fund reserve, and the sum of $188,000.00 for reserve for municipal taxes, etc. Interest paid to Govern- ment on outstanding debentures amounted to $2,274617.13, an in- crease over, the previous 'year of $116,843.65. Operation and mainten- ance in 1930 cost" 239379579, as 68402090 in the previous vear. The saving thus ef- fected, viz, $290,225.11, resulted in part from curtailed operation of the 'wort! facilities, but was alse due in great part to the exercise of the most rigid economy. Expenditure on capital account during the year amounted to $2- 243,677.82, but when credits and ad- justments of $187,027.87 have been "allowed for, the total net addition to capital account was $2,056,649.95. Yearly Income Compared Yearly revenues of the Harbour Commissioners of Montreal for several years past haye been as fol- lows :--1921, $2,891,27442; 1922, $3,- 460,810.87; 1932, $3,721,159.99; , $4,382,115.25; 1925, $4,749,100.69 ; 1926, $4,632,599.92; 1927, $5453951.- 56; 1928, $5,589,327.12; 1929, $5,089,- 561.17; 1930, $4,310,935.12. A new high figure for all time was established by the receipts of coal on the wharves during 1930, viz, 2, 563.486 tons. Receipts by water of British anthracite were larger than in any previous year, and amounted to 740803 tons, as compared with 501,503 tons in 1929. Receipts of Russian anthracite amounted to 200,651 tons. Bituminous coal amounted to 1,544,759 tons, and an- thracite coal to 1,018,727 tons. Deliveries of grain from the ecle- vators fell below the figure for the previous year by about 10,000,000 bushels, viz., to 81,669,864 bushels xen at this low figure, Montreal continued to hold, by a considerable margin, the leadership amongst grain exporting ports on the North American continent. Despite the prevailing "tightness" of money so muchein evidence dur- ing 1930, passenger carrying to and from the Port of Montreal reached a total practically equivalent to that realized in 1929, 113,000 Ocean Passengers The big ocean liners belonging to the Canadian Pacific Steamships, Cunard and Anchor Donaldson, White Star Line and' Canadian CONTINUED ON NEXT GALLE National Steamships carried a total of 113,033 passengers in 1930, a de- crease of 180 on the previous year. Under. the heading of shipping, it is noted the year was far from satisfactory from a shipping view- point, and was characterized by sev- ere dullness in export trade, due in large measure to the continued weakness of the export grain mar ket. This was particularly notice able in tramp ship arrivals, and while liner operators maintained schedules practically corresponding to previous years, the total number of ocean ship arrivals fell to a figure considerably below that for the past ight years. Big Import Business Import business increased to a new high figure, due to bulk cargo arrivals, mainly coal and ore, but import package freight was smaller than for several years. British shipping again supplied the greatest proportion of total ocean arrivals during the year, with 0928 vessels, having tonnage of 3,- 670,505 tons, In the section devoted to the grain clevator system it is shown that during the year the total equip- ment comprising grain elevators, marine towers, scales, car unloading matchines, and the most claborate type of grain conveyors in existence, was utilized to less than 30 per cent of capacity. The largest annual ship- ments of grain from the Port of Montreal, over this grain system, took placcin 1928, in which year the exports reached 211,295,375 bushels Deliveries of grain in 1930 amount- ed to 81,669,864 bushels, which was approximately ten million bushels less than in 1929. An outstanding feature of season's grain movement in 1930 was the severe decrease in the per- centage of total exports which ar- rived at Montreal by rail. In pre- vious years the average percentage of rail grain varied from about 20 per cent to about 30 per cent in each vear, whereas mm 1930 it only amounted to 5 per cent of the total, Thus while exports decreased by about 10,000,000 bushels from 1929, the quantity of water-borne carried to Montreal increased from 69.800,- 508 bushels in 1929 to 75,362,566 bushels in 1930 "Remarkably Creditable" Dealing with commodity tonnage. the report states: total tonnage of all commodities handled amounted in 1930 to 9,687,769 tons, a remark- ably creditable figure considering the unusual conditions which pre- vailed during the year in industrial and shipping circles al® over the globe. This was a decrease of 249,- 103 tons from the figure for the pre- vious year. It is noteworthy that the tounage for 1930 has only been exceeded in the port's history in the years 1927, 1928 and 1929, A notable gain was recorded in the exportof automgbiles and auto- mobile parts, which increased over 100 per cent from 1929 with exports of 104424 tons as compared with 51,477 tons in the preceding year. Flour also recorded a substantial increase of 51,046 tons. Liquors in- creased hy 6,124 tons, copper matte by 13916 tons and livestock export was resumed after a number of years, and was represented in the export total by 2,569 tons, The Harbor police section sets out that the force maintains day and night patrol from Windmill Point to Section 100, enforcing order and safeguarding life and property with- in the area of the harbour. During the year 166 arrests were made for CANADIAN "NATIONAL Tickets good going Friday Noon to Sunday Noon. Good to return leaving destination not later thar Monday Midnight. CANADIAN PACIFIC - the various offences on the harbour and the Montreal harbourbridge. Car- ters to the number of 9,217, loading and delivering merchandise at vari- ous points along the waterfront, were checked by the trafic con- stables, Wheat Outlook Comments on the wheat situation and market for livestock are, in part, as follows: "Looking at the matter from a national point of view, the observer is forced to accept two conclusions. Continued over-production of wheat and coarse grains by the grain cx- porting countries must lead to de- moralization of grain markets, un- less increased consumption follows. The Orient offers a new market of practically unlimited ficld, but the depreciation of silver curency in China and Japan makes it virtually impossible for consumers in those countries to purchase wheat at what has been for several vears the nor- mal price range for this commaditv. The stabilization of Oriental cur- rency, coupled with an aggressive sales policy in Oriental countries, would result in a ready and enor- mous market for Canadian wheat, Charting of Sea Bed Will Shorten Routes (By The Canadian Press) New York, June 9.--The dis tance between important poris of call will be materially reduced av | a result of a program of charting the sea bottom along important lanes of sea travel, according to Lieut. Commander I. 8. Borden of the United States Coast and Geo. detie Survey. I'our ships have heen assigned to make surveys neces- sary to the charting of the Ceorg es Bank, which extends 200 miles off the Yew England coast and is traversed by the world's most im portant steamship track The work was undertaken last Summer and investigation at the scene revealed that ships in the North Atlantic often wander from their routes, approaching danger- ous spots and losing valuable time because of their lack of informa- tion of the outline of the immedi- | ate sea hoitom. Mr. Borden point ed out that a ship's master could sound the depth of, the waters in | which he is traveling if he | proper equipment, but the lack « extensive charts which would aid him in locating his position has stunted, to an extent, the value of the soundings Two boats, the Lydonia and the Oceanpgrapher, which made surveys last summer, will be aided this year by the Gilbert and the Hydrographer on the Georges Bank survey. Mr. Borden cited single discovery of the first sums- | mer"s work there as an example of the possibilities of the worl A submarine valley lying 161 miles 74 degrees true from Nantucket Lightship, believed to be an an- cient river hed. twn miles wide eight miles long 1,800 feet deep was found lying directly -in the westbound winter trans - Atlantic track. Its axis was found be ideally oriented for fiving posi tions from a series of soundir which a ship traversing any tion of it might take Thick weather and fog prevent | astronomical sights a greater part | the | to | | | | | | | | { { | | | sec | | summer | continuall | | less square ice floe | forth and when they get screwed of the time in the neighborhood of Georges Bank, and with strong currents and the prevention of re- liable radio compass bearings by the frequent static, serious errors are apt to occur when a ship at- tempts to locate its position, be- cause of the distance from shore stations, Mr. Borden said. Modern science has recently produced an "echo sounding" device by which a ship can obtain a con- tinuous record of the depths over which it is passing even under conditions that render all other sounding methods of no avail. Mr, Borden predicted that every ship of the future would be oblig- ed to carry this equipment jf it was expected to make speed and the distance between ports would be shortened for ships when pro- perly equipped. However, he add- ed, the extent to which the equip ment may be used as an aid in de- termining position depends entire- Iv on how well the chart portrays a true contour of the map of the oceanbottom SEES OBSTACLES TO SUCCESS IN WILKINS' SUB. TRIP Oslo, June 2.-- Harold Sverd- | rup, Norway's greatest living Are- | tic explorer visualizes few obstac- | les to prevent the Wilkins marine expedition reaching North Pole this Summer, But Sverdrup, who will probab- ly accompany Sir Hubert Wilkins, believes the chances are legs fav- crable for the dirigible Graf Zep- pelin to keep its rendezvous with the submarine. The submarine, he sald recently, will encounter neither icebergs nor solid ice and the floating ice will not he more than 12 inches thick. But there ie fog in the polar region during sub- the | July, he said, and the Graf might have trouble with ice forming on its frame. "In the polar basin there. is only drifting ice, no icebergzs," he said, "because iceberbs come from glaciers and noc glaciers come down into the polar basin. In the cover the sea For about 23 months the temperatiire around or above freezing and the conditions. are quite alike from year to year "In all this time new ice never The changing winds cause The more or drift back and stay freezes openings in the ice, together the corners touch leaving long ice-lelds will go open canals and lagoon« "The pressure in the never so hard in sum emarnd #0 the submarine shovld he exro ee to such screwing of the ice floes she would have plenty of time for submerging the floe crashed together. So there ghould not he any particular risk from the ice, "The submarine navization of fers some difficulties; of course, It will be difficult to use the mag- netic compass, But if .we can get the right position every other time we are up, we will be able to keen the right course. The under-side of the ice will he very irregular and we will run the risk of pound- ing against it. But the submarine {ce hefore ice the drifting ice does not | led as about | very ted unchanged has special fenders so a. jolf against the ice at a speed of 3-4 knots will not hurt the submar- ine. "When we cannot sail more than 6-7 miles with meeting open- ings in the ice 1 feel sure we shall be able to come up every evening when the distance of the day has been covered. If it should be im- possible to find an opening we! shall drill holes in the ice. We | will never have ice thicker than | 10 or 12 feet, | LITTLE CHANGE, GENERAL TRADE Weekly Report Shows Sales Volume Fair Winnipeg, June 9.--The weekly trade report of the Canadian Credit Men's Trust. Association Yimited, for the week ended Saturday is as follows i= Halifax :--Wholesale and retail rade remains quite with the volume sornewhat under the averaze for this season, Collections are fair to slow. The potato market is dull and prices are weak, The demand! for sait fish continues tory. Live lobster shipments are | bringing poor returns to the h men, prices received being substan- tially less than last year. The lum- ber market shows no improvement. Sugar refineries continue to oper ate at about 50 per cent capacity Saint John :--A satisfactory vol ume is reported in wholesale trade Retail trade quite good. Collection remain unchanged being still slow Montreal :--Very little activity 1s scen in wholesale drv goods, due to stocktaking Other whole se lines | report a satisfactory week's volume | Retail trade both city and country | unsatisiac 1 report'a better week's trading, Col lections generally have improved considerably during the past week Excellent weather has resulted in a mprovement in retail The port of Montreal has during the weel considerably active Unemployment is du Toronto :--Manufact the sar Certain tendency to over holiday week end is Traffic railways, etc, f holiday reported fairly normal. in price to cons er of hutter, eg ' pr e given eo ck farmer lair ( on ment to the true General outlook ollections slow Winnipeg-- Manufacturing report Slight improvement wholesale trade Retail trade still contin- | Collections slow { Whole is being shown renerally ale | dry goods fair to slow: boots | quict Bo fa fair the {up fair Retail trade Col- 10es fair to slow 2 ally reported fair to slow lections slow Practically all wheat seeding is completed from 80 to 85 per cent of the coarse in 15 sown ose Jaw : } M¢ continue fair, Retail and quiet. Collections fair, Boot shoes fair wholesale hardware 15 groceries | sale and | compared trade re fare being Wholesale groceries | | pt { to slow: co ry vel lov wle- | sale FOUTT W. S. WILLIAMS E. A. COOKE GOM COSHIONED The Cords Must Pass the Severest Tests A tire is no stronger than its weakest cord. For that reason--only the highest grade, long staple cords are used in Gutta Percha Tires. But highest grade cords are not sufficient in themselves--they must have the proper twist to give them strength and the vitality to absorb shock without destroying the "life" of the cords. J. T. STEPHENSON R. DAYMAN H. R. ARCHER R. S. WEBSTER A. E. CARD Our specifications demand that our laboratory exhaus. tively test all cord material for twist--even down to the i ds that prise the cords. Each cord has major strands and each major strand has minor strands. 'The correct twist, in both major and minor strands, is a vital factor in prolonging tire life. That is why Gutta Percha Tires. are better and last longer than ordinary es. "A Tire is only as good as its cords' Gutta Percha & Rubber, LIMITED TORONTO - CANADA 100% Canadian, B) Showing cords submitted to laboratory tests 38 Prince St., Oshawa Myrtle Station Pickering Port Hope Port Perry Udora Uxbridge Sas} ot little Shane | \ [ » groceries, are rather hoes report a and greases s are keeping some down City retail i Sale report volun Di lic ¢ fair | fair. ly Ito Rr men Co make Edmonton both improveme s quiet little trade SOM very the | Collections remain slow | Vancouver: Wholesale Groceries very good, Tain a little improvement. Ladies i Boots and fair ade fairly good. Collections lly slow to fair. shoes reath came. in short from a novel couldn't come in 4 passage ly, it ly, 1 Buildi activity as a - ) brings renewed hope," 7 an essavist. 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