Grey Highlands Newspapers

Flesherton Advance, 7 Sep 1911, p. 2

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'r- ^#^:^ '^^ OVER 2 MILLION ^KAGES SOLD WEEKLY : , ; ilPRICES OF FARM PRODUCTS liLI'OHTS ritOM THE LEADING TCADL' CENTKKS OK ^UEUICA. Priops of Cattle, firain', Chc«« and Otbcr I'roduce at Qom* • ad Abroad. BBEADSTUFF8. Toronto, Sept. 5.â€" The Wheat Markets are Hteady, with some scarcity of Maui- tobuH. C'ablc.i weaker lor whc'il aud slruuger for corn. Flour -Winter wlicat. 90 per ccut. pat- ents, at $3.45, Moutreal (rcighta Mani- TR.4GEDY ON LONE LY LAKE Man Was Found Killed and His Partner Dead From Poison, ^ " A d<!spatch from Winnipeg, Man., Buys : The tragedy of a lonely shack in the far iiurthern wilds of West- ern Canada is recalled in detail by the arrival in Winnipeg of a letter to Mrs. Mills, wife of Cap- tain J. W. Mills, of the Hudson's Bay Company steamer Mackenzie River, plying between Fort Mc- pherson and Fort Smith. The let- ter tells the story of a young clerk w1k> when bringing out the mail in tlie Spring, on June 6, found Pet-o M«lttnd dead with his hea<i crushed and W. S. Eiever, the other man's prospecting partner, dead of poi- son, self administered, and a con- fession signed by the latter, telling of the whole tragedy. The scene of the horror is Salt llivcr, about five hundred miles north of Groat Slave Lake. The confession read <is fol- lows : "1 have been sick a long time; I am not crazy, but have simply been goaded to death. He (Me land) thought 1 had more money than I have, and has been trying to iiuLsh me. I tried to get him to go after some medicine, but he would not, wishing to have me die So, good-bye.â€" W. 8. Eiever." A further confession read as fol lows : â€" â- '1 have just killed thf* man that was killing me, so good-bye, and God bless you all. I am awfully weak and down since the last of March, so there is nothing but death for me. Cruel treatment drove me to kill Pete. Ship every- thing out and pay George Walker $10.-W. S." The two bodies were buried to- gether after the inquest, whirh re- turned a verdict of murder and sui- cide. A large Bt<;ck of fur and the sum of $101 were found in the shack. MAKING SAFE INVESIiNTS "YIELD" ON BONDS DEPENDS ON TIME BONO HAS TO RUN BEFORE MATURITY. Explanation of This Important Point of Great Importance Not Like Stocks Which are Never Repaid and Therefore Time Not Considered In Reckoning Re- turn Some Interesting Illustrations. (By 'Investor") In the nmt of ihi* xpries It was shown thai ' dutribution of risk" im uii import- aut priutiplu uf invesliueut. It i» a very â-  iiuptu out*, however, iiivolvinit uo very eon luted IdeaH. There is ai)('*>ier ijriiici- I^Ih to be buriiu iii luiiid when making in- vnstujuuis whu'h IS ul no less luiporiunce, but II i», honuver, eoiisiderably leas oh* violin to those whose iuvestmeiit experj- eure IS suiall - and even to many who should uudurstaiid ilM actions thurouKhly. This IS the pnni ipl» of iuveHtmeiil lu »ucurdaueu with aetful retjuireuieuts." Not long ago a nuaacial paper stated, QUitB correctly, that a high return on BU la\esluieut should always he looked upon with suspieiou. 'J'his, h'twever mUHt not be taken to mean that suih a stock as Uouiiiiiuii liank, which pays 12 i>er lent, per aniiuni is decidedly past the daiig-r mark and should bo avoided. Of citurse, the person who figures this out in this way quite minri-s tho point. 'The rale of income ' or "return ' uu an iu- vestmeiit depends on tho rate uf divi- dend, to be sure, but it is quite a dif- ferent thing aliogethcr. For example, lake tho ease of a stock paying 12 per cent. The investor will have to pay at Irani t)200 a share [or this stork. Uut the dividend i.i tlgurcd on the par or laci- vuUiu of the chares, which Is t>100. Therctoru the return on the *200 liivcbt- incut III flZ per year, or $6 on every hundred invested that is, 6 per cent. This Is what was referred to in a pre- vious article, when rate of income" wa.H given us one of tho points the second in importance to he considered in chouiug an iiivcstfiieiit. Now, III the case of sto<'kri, as we eee aboTf>, this is a very simple matter to under^luud. When wo consider bonds, however, there Is considerably morn to he taken into account. Anyone who has ever bought bonds may eometlines wonder why two dilTerent is- sues of the bonds of some paitieular city sell at qiiilo diifi-reiit prices. The so- cuniy is exactly the same, tho rate of Interest identical 1 the only dilTerenee, probably, is that one bond may b« pay- ahlu in ten years and the other In twen- ty. It is this last feature that an>-cte the price. What dllTerencu could that make.' you ask. Hu|>pose a S per cent. $t,000 bond Willi l«n years to run sells at 108 1-1. I'lio owner will receive $^ a year on an iii- vestMiei.t of %\SXi,.M. In suih cireuni. stances u sto<'k whli h is never repaid - would net tho Investor about 41.2 per cent. The bond is dilTerunt, however. The investor pays tl.082..'>0 for the bond, which In ten years is paid off at II OOi). Ho be must save enough out of his in- eomn each year t<i repluce the $82.00 of ca- pital thus lost. That ii to say, he must lay away lu each year of the ten which his bond has to run, tho sum of B6.U, which, at rompoiiiid interest, will amount to tliit 1(200 by the time the bond Mia- turea. Therefore, the invostor ran only THE NEWS IN_A PARAGRAPH DAPPEMNGS FROM ALL OVEB TOE GLORE IN A NL'TSUELL. CanafJa, the Empire anil the World in General lictore lour Ejc*. CANADA. The wages of canal emjiloyees have been increased. Iv<jw water in the Cornwall canal has closed down the cotton aud paper mills. Kmile Lisotte was shot while try- ing to stop a light in Montreal, and died in the hospital. Forty thousand harvest laborers were taken into western Canada by the C.P.K. and C.N.K. Mrs. Mclntyre of Brantford was fatally burned when her clothes and bedding caught fire from a lamp. Montreal police are alleged to hav'e ill-treated Alphonse Lefarge, a man who died shortly after his arrest. Guelph Council will consider the question of cancelling the agree- ment with the People's Railway after duo- notice. Sub F'ire Chief Martin of Mont- real has been suspended from duty as a result of his difference with Chief Tremblay. GRE.\T BRITAIN. British coal miners are agitating for u n'.'niinum wage. The C;i -dian Artillery team now in Britain Aon an imi>ortant con- Boansâ€" Small lots of band-picked quoted \ ^g^, at $2.25 per bushel. Owing to the drought in India Honey-Extracted, in tins, 10 to lie per ] 4),^ Ring has sanctioned the cur- , ^^^^^^^^ ^j ^^^ ]Jelhi durbar pro- toba flours-First patents, $5.J0; second patents, $4.80, and strong bakers', $4.60, on track, Toronto. Manitoba wheatâ€" No. 1 Northern quot- ed at 81.0S1-2, Bay ports; No. '2 -at $1.05. and No. I at $1.05. Ontario wheatâ€" No. 2 white, red or mixed, new, quoted at 821-2 to 8il-2c, outside. Peas -85 to 85c, f.o.b. cars, outside. Oats -Ontario grades, new No. 2 at 38c, outside, and of No. 3 at 36c, outside. No. 2 Western Canada, 4Jc, and No. J at 421-4c, Bay ports- Barley-Pricea nominal at 60 to 70c. out- •ide. according to test. No. 2 worth 70 to 75c, outside. I'ornâ€" No. 2 American yellow quoted at 67c, Bay ports, and 71 l-2c, Toronto. Rye-Car lots outside, 72c. Buckwheat -No. 2 at 64c, outside. Branâ€" Manitobas at $22, in bags. To- ronto, and shorts $25, in bags, Torouto. Ontario bran, $22, in bags, Toronto. COUNTRY PRODUCE. $50 as legitimate income, and, dividing $43.30 by $1,082.50 wo And that this amounts to 4 per cent, ou the sum of $1,082.50 invested. Therefore, a 5 per cent, bond, with ten years to run, selling at 108 1-4 "yields" 4 per cent. Remember, the amount returned is, of course great- er than 4 per cent., hut the half of 1 per cent, in excess of that rate is really re- payment of a part of the Invested ca- pital, in installments. Ou the other hand, where, a similar] Largo quoted at bond sells Iwlow par. the process is re. at 14 t-2c. versed. For example, a 4 per cent, bond selling at 90, with ten years to run, "yields " the inventor 5.3 per cent., #iieru- as, a 4 per cent, stock s>.-lllng at 90, re- turns but 4.4 on the investment. The reason, of course. Is this: In ten years the bund is repaid at par of $1,000 and cost hut $900, therefore, to every $40 of intercut must be added the part of that $100 profit which will be received at the time the h- ''' Is repaid, and of which, in tho yield" account is thus taken. Ho, lu buying bunds or other forms of mortgage or debentures which are pay- able on a nxed date, the element of timo is a most important one. In such a case the "rale of income " is not as simple to estimate as is often supposed, as we havo just seen. Bond dealers, of course, do nut have to bother working out thcso details, for there are books of tables compiled in which the figures for all values, rates and times are given, and most bond dealers have a supply of small n>. Combe, $2 to $2.25. Baled hayâ€" No. 1 is quoted at $13 to ' $14. on track, and No. 2 at $10 to $11. Baled Btraw-^$6 to $6.50, ou track, To- ronto. Potatoesâ€" Car lots, in bags, quoted at $1.25 to $1.40. Poultry- Chickens, 15 to 16c per lb; fowl, 11 to 12c; ducks, 14c; turkeys, 15 to 16c. Live poultry about 2c lower than tho above. gramme. GENERAL. BUTTER AND EOOH. Butter- Dairy prints, 21 to 22c; inferior. 16 to 17c. Creamery quoted at 25 to Kc per lb. for rolls, and 23 to 24e for solids. Eggs --Offerings are only moderate, with strictly new-laid quoted at 23c. and fresh at 19 to 20c per dozen, in case lots. Cheese -The market here is higher. 14<; per lt>. and twins HOO PRODUCTS. Baron Long clear. 12c per lb., in rase lots. Pork, short cut, $23; do., mess, C20 to $21. Hams-Medium to light. 17 to 18c; do., heavy, 15 to 15 1-2t-; rolls, 113-4 to 12c; breakfast bacon, 17 to 18c; backs, 191-2 to 10c. Lard- Tierces, 101-2c; tubs, 10 3-4c; palls, lie. BUSINESS AT MONTREAL. Montreal. Sept. 5. -Oats-C'anad^an Western, No. 2, 441-4 to 44 l-2c, cur lots ex store; extra No. 1 feed, 43 3-4 to 44c; No. 3 C. W.. 43 1-4 to 43 1-2C. Flour-Manitoba Spring wheat patents, firsts, $5.40; sec- onds, $4,90; Winter wheat patents, $4.50 to $4.75; strong bakers'. $4.70; straight rollers. $4 to $4.10; in bags, $1.35 to $2. Rolled oats, per barrel. $4.95; bag of 90 lbs., $2.35. Corn American No. 3' yellow, 70 l-4c. Millfeed Bran, Ontario, $22 to brxiks of this sort which they supply toj,„. Manitoba, $21 to $22; middlings. On- tario. $25 to $26; shorts, Man., $24; mou- many cases. I .,||^ jj^ ^^ j^j V,n9. selected. 24 to 826c; A mass meeting was held in Ber- lin to prol'jst against iuter\ontiou of Britain in Morocco. An.Yiety prevails in France as to the outcoi:ie of negotiations witli Germany, but war is regarded as highly improbable. .•Vlfonso, the alleged head of the Camorri'its, and another member of the Camorra. bow on trial for murder at Viterbo, Italy, were cojidemned to three months' im- prisonment for insulting the i^resi- dent of the court. Mile. Arria By, a leading femin- ist of Toulon, Prance, and an ac- compiiBhcd revolver shot, is deter- mined t-o fight a duel with an edi- tor who criticized an article she h.id '.vrilten in which she argued that women ought to live and die unmarried. their customers- Indecd, in bond selling, in many cases, bonds aro sold on tho basis of their â- yield," and the price not figured out until the transaction is comiileted. There- fore, it i.H iieccHsary to understand how this is figured out before buying, or one may be disappointed. For instance, a man might buy Electrical Development i'oinpany bonds at 87 on tho open market under the impression that as they yield' 6 per cent, hie income will be 6x$87, or $52.20 a year, whereas as they are 5 per cent, bonds he gets but 050 on each thousand, as ho will hare to wait till the bonds mature, 22 years hence, for the $1,50, which reprenents the nddl- lloiinl $2.£a ho expected and didn't get. The $1U, of course. Is the prof.t derived from buying the bonds for $870 and having them rertccnied at $1,000. Don't forget, thereforo, when reckon- ing the rate of Incomo on a security to find out if it is a bond how Ionic It has to run. No. 1 stock. 20 to 22c. Wieese-Westerns. 131-2 to 13 3-4c; easterns, 131-4 to 13 l-8c. Butter, choicest, 26 to 2il-4c; Seconds. 25 1-2 to 25 3-4C, UNITED HT.VTES MARKEFS. .Minneapoli.-t, Sept. 5, OWE LIVES TO THE DOG. F.-iiiiil.v'N Niirniw EHciiDc Frtnii Riiniini; lliiiisf Dog i'erhsltoil. A despatch from Ottawa says : Tiic lives of six people were saved by a dug in a lire <'.Hrly on Wednes- <lay iniiriiing. which destroyed tlic n-sidfiice s.)f .-Vlex. McDougall, -iicar the Ottawa Utilf Club. Tlic bark- iiiK of the animal awakened the family just in lime to gel (Hit of the biiiltliiig ill safety, though alnmst .'iiiflii('ati'<l by smoke. The faithful dug, h<)Wever, lost it.t life, no trace iif it having liepii found after the fire. The residence was one of the finesl country hmnes armind the capital. The loss \% about $2j,000. â€" Wheatâ€" Septem- ber. $1,003-8; December, $1,021-4 to $1,023-8; cash. No. 1 hard, $1,04 7-8; No. 1 North- ern, $102 to $1,04 3-8; No. 2 Northern. 97 3-8c to $1,023-8; No. 3 wheat. 933-8 to 99 3-8c. Corn â€" No. 3 yellow. 61 l-2c. Oatsâ€" No. 3 white. 41 3-8 to 42c, Rye - No. 2, 00 to 60 l.2e. Uran $20.50 to $21. Flour-First patents, $4.90 to .^5.20; second patents, $4.40 to $4.65; first dears, $3.25 to $3.45; second clears, $2.25 to $2.40. Kultalo. Sept. 5.â€" Spring wheat -No of- ferings; Winter, No. 2 red, 92c; No, 3 red. 90c; No. 2 white, 90c. Cornâ€" May, No. 5 yellow, 69c; No. 4 yellow, 67 1-4c; No. 3 corn, 67c, all on track, through billed. Oats-No. 2 white, 44 3-4c: No. 3 white, 44c; No. 4 white, 43o. Barley- Malting. $1.19 to $1.24. RIDEAU HALL l.HPROVE.MEMS The lutciior Boiiie Given a Thor- oiish Ueuuvation. A despatch from Ottawa says : Extensive improvements are being rushed forward at Rideau Hall dur- ing the absence of his E.xcellency Karl Grey at Toronto, in prepara- tion for the coming of the Duke of Connaught. The' interior is being completely renovated, and the ex- terior will also be improved. The chapel built during the regime of Lord Lansdowne as Governor-Gen- eral has been torn down, and its place taken by a garage of BufBci- ent size to accommodate four auto- mobiles. The suggestion made some timo ago that another addition would be made to the front of the Rideau Hall will not at present be acted on, and the facade will re- main as it is for some time at least. >!• SIGAR ON IP GRADE. •-♦- Koresiglit as a rule, only ooriiefi to a mail wlici he is s<i old he has ouuaider $43.U of bis kuuual interest oti uuthillg to look ft>rward to. LIVE STOCK MARKETS. Montreal. Sept. 5 -Choice steers sold 6 l-4r, good at 5 3-4 to 6< 51-4 to 5 l-2c, fair at 4 3-4 to 5c. and com- mon at 4 1-4 to 4 l-2c per pound. Cows hronghl from 4 to 5 l-2c. and bulls from 3 to 4 1-2c per pound. Lambs sold at 6<'. and sheep at 3 3-4 to 4c per pound. Calves were scarce. The supjily of hogs was ample to fill all requirements, and the tone of tho market was easier, with sales of selected lots at $7.50, and mixed and heavy lots at $6.50 to $7,25 i>er ewt.. weighed off cars. ^^^h FOR MAKING SOAR SOFTENING WATER,! REMOVING PAINT, DISINFECTING SINKS.! CLOSETS,DRAINS,ETC.! SOLD EVERYWHERE REFUSE SUBSTITUTES BELGira PBEPABES FOB WAB Fears German Invasion Would Follow . Outbreak of Hostilities. Increase at Cnnnins Time Will Seriously Att'ect Con^iiuier. A despatch from New York says : Grocery circles here showed con- cern on Wednesday over the high prices now prevailing in tlie sugar market. There was another ad- vance in granulated during the day to C.25c, representing a full cent rise in the pa.st few weeks, and the highest level in many years. Com- ing at tho height of the canning season, this advance is of vital in- terest to consumers all over the country. It is attributed primarily to a lioor sugar beet crop in Eu- rope, following prolonged drouth this siininicr. To make matter.-* worse, the Cuban crop, which fur- nishes the bulk of raw material for American retincrs, also jiroved fairly good at ghort, and prices began to soar. - * . ' WILL COST A MILLION. Tenders Heeoivfd for Transrontin- ciitnl TiM'iuiiiiiM at 4)nehei'. ,\ despatch from Ottawa says: More than half a dozen tender.s wore received Friday by the Na- tional Transcontinental Ilailwa.v Comunssiiiners for the construction of the Grand Trunk Pacific termin- us at Quebec, which will cost about a million' dollars. Tho contract will not be let for a week or ten days, however, as the merits of the various bids have to be looke<l into. Several cuntractorH, who havo sub- «ra iu th» citr ALL OVER HIM. "Vou, there, in tiie overalls," shouted tlie cro!"s-examining law- yer, "liDW much are you paid for telling untruths?" "Less than you arr," retorted, the man, "or you'd ba in oteralU, j mitled tender*, too." today A despatch from London says : Belgium is preparing for contin- gencies in the event of war between France and Germany. The Bel- gians know by experience that the neutrality of their country would be very difficult to safeguard in such circumstances, and they fear that a German invasion would take place in a few hours after an out- break of hostilities. The Belgian Minister of War has given instruc- tions for all forts on the Mouse, especially around Liege, to be fur- nished with men and ammunition. Plans for rapid mobilization ar9 being studied, and the forts at Na- mur are being fitted with new can- non of the Hotehkiss type. The annual manoeuvres of tho Belgian army will not take place this year. Disquieting rumors are aJoat as to the prospects of war between France and Germany. Several Bel- gian journals affirm that Adolphe Messiny, the French Minister of War, has caused the attention of the Belgian Government to be di- rected to the weakness and neglect- ed condition of this country's di- fences on the German frontier. TUREE ENGINEERS DROWNED Wore Employed on Canadian Northern Construction Staff. A despatch from Port Arthur says : An upturned canoe found on Lake Helen, above Lake Nipigon, following their non-arrival at Nipi- gon Station as e.vpected, indicates tho drowning of Division Engineer R. H. McCoy and Resident Ungia- eers C. H. Nelson and Drum, of C.N.R. construction staff. The i-ion left camp at Exander Sunday ev- ening for Nipigon, telephoning to Nipigon that they wePe departing. Their route lay across Lake Helen, between their camp and Nipigon River, and when they did not ar- rive search was made, resulting in the finding on Tuesday on the shores of Lake Helen of the up- turned canoe and floating paddles. McCoy was 48, married, and came from the Western States. Drum and Nelson also are Americans, and their residences unknown. FINE YACHT SINK. lieloQged to W. L. HarkncsH, a Standard Oil Millionaire. A despatch from Fort William says : The ocean-going yacht Gu- nilda, owned b^- \\m. L. Harkness, the Standard Oil millionaire, went asiiore in Lake Superior on Wed- nesday, and the 3 passengers wero taken off iu life-boats safely^ ou Thursday. The crew stuck by tha boat, but when the tug Whalen jjulled the vessel off the rocky ledge she began to sink at once, and went down in a few minuter). The crew escaped in time to avoid being carried down with the ves- sel. The Gunilda lies in 300 feet of water, and will uever be recov- ered. PIRATES ATTACK FORT. BuecaneerH Driven of! in Crimea After a Sharp Fight. A despatch from St. Petersburg says : A report has reached here from Kerch, in the Crimea, that a band of pirates landed and attack- ed the fortress. Tho soldiers re- plied to the shots of their assail- ants with a heavy ritle fire, wound- ing many. Fifteen pirates were captured, while most of the others made off iu boats. STRIKE IN Rl SSIA SPREADS. Volunteer Fleet is .VfTcetedâ€" .Many Steamers Tied ly. A despatch from Odessa says : The set^men's strike at Black Sea ports is extending to the volunteer licet. Thirteen mail and passen- ger steamers are now tied up. A railway strike is threatened and 10.000 factory hands have struck at Lodz. NORWAY'S ARMY JIITINOIS. Governuieut is Called Uyon to Check S;>reud of Socialism. A despatch from Christiania says : The Norwegian press is call- ing upon the Government t-o adopt stern measures to prevent thu spread of Socialism in the army. The Young Socialist party has se- cured enormous inrtuence over tlia soldiers, and mutinous fcenes ar) constantly occurring ja the drill grounds- Two serious (iffaira uf this kind happened at Stenkjaer and Gardemoeii, soldiers storuii 1,5 the cells and liberating ctairidos whom they considered to have boeu unjustly imprisoned. ♦ CI STOMS REVENUE. Increase of .'S^.jOO.tWU During FivB Moutbii of Fiscal Year. A despatch from Ottawa say.^ : Customs receipts for the five mouths ended August 31 amounted to"$3:5,- 59(5,145, an increase of $4,501,513 over the figures for the correspond- ing five months of tho last iiscal year. For the month of August alone the revenue from Customs was $7,678,395, which is greater by $l,l93,t;O0 than the Customs receipts for August, 1910. FBEie WOMEN MA BKETM6 If the Storekeeper Charges Too Much They Wreck His Shop. • A despatch from Paris says : The agitation against the lii?;i prices of piovi.-.ions continues, and disorders of considerable pr.ipor- tions â- were reported on Wednesday â- from twelve places iu Xorthi.-vn France. Tiie usual procedure is for :\ crowd of women of vho 'owe: class to assemble and do their aiar- koting together, carrying large pla- cards, upon which are written the prices which the women are willing to pay. If the shopkeeper assents to sell his goods at the price offer- ed, tho women buy ; hut if he re- fuses, they pitcli all of his stoc-k into the street. The man ni-.xt dour generally yield.<, though th»> crowd in its excitement may K.'tck V-o place out of spite without enquir- ing whetlier the dciler i" w;"" ••• • r«(iuco tlM price of hii gooua. 'i i.' police ordinarily are inadequate to keep t)eace with the movement, and tragi-coinic incidontH are reported from some localities where the store-keepers have attemnted to defend their stock. .\ butcher named Froissart, at Heiin-Lietard, in Pas-de-Calais, V, .IS patrolling the sidewalk in front of his shop un horseback, when his place was stormed by a crowd of 300 wo;nen, who domando<l that ha lower his prices. Froissart charg- ed into the mob, yelling and waving a stick, with which he knocked over several of tho manifestants before h',' was pulled from his horse. Fiftoeu hundred weavers from l>-!e, a s'lburb of this citr, niarchod 'v'o 5?vit Que:iti!i on Wediteivday »i>d «<pI;bc! sti -.t.-res where o»t.tbl«« T'-c p.jlitv finally dii-

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