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Business Conditions in Canada Reported Good Usual Annual Decline Canadian Construction Dur] ing August, 1927, Valued at $29,881,000 -- Auto Production in July Drops ' to 10,987 Cars -- Bank J Loans Increase ' The Bell Telephone Company 'monthly report has been received by H. M. Black, local manager, and is as follows: "With the close of the mid-sum- mer season business in Canada is reported to be in excellent condi- tion. There has been a moderate decline in the volume of busihess in July accompanied by a slight re- cession of prices which is the typical tvend for this season of the year. The beginning of August showed a slight improvement both in volume and in prices in expectation of an expected stimulous usual at the he- ginning of the fall, "Attention at this time is gener- ally turned to crop prospects, the extend of the harvest being an im- portant factor in determining the state of business, Up to the pres- "ent time crop reports haye been .=- vaorable and most authorities are agreed that if present conditions A G AND KINDS OF BODY WORK MERRITT AUTO AND REPAIR King St, W, Oshawa Boys' Boots, all sizes, Special . $2. 19 DOMINION CLOTHING COMPANY 68 King St. W. Phone 2141 - continue a full average crop will be gathered. Construction "The total value of eonstruction contracts awarded in Canada for August 1927 was $29,881.000, ae- cording to MacLean Building Re- ports, Ltd. During the past month construction awards have fallen off to the usual pre-fall levels, but com- pared with corresponding months for the past few years this result is approximately normal. The total for the first eight months of this year now stants at $272,086,000 or 4.6 per cent. in excess of that for the same period of 1926. ""Contemplated new work continues at a high level indicating that there is still much work in prospect for the remainder of the year. "August distribution of contracts according to provinces and classes was as follows: Provinces Per Cent, $11,944,500 40. 9,677,900 3,730,100 3,690,100 838,400 Classes 10,220,800 9,630,400 7.542,200 ) 2,687,600 8.6 Ontario Quebec 4,590,000 3,254,500 3,488,200 2,767,600 2,069,800 238.900 1,796,500 170,000 Ontario Quebec B, Columbia Prairie Prov, Maritimes 34.2 32. bu. Residence Business Engineering Industrial Residence Business 2 Engineering 3, Industrial } 11,944,500 9,677,900 Production and Production Indices "Agriculture -- Canadian crops showed good progress in July and the early weeks of August. The official report issued by the Do- minion Bureau of Statistics on Aug- ust 10th estimated the wheat crop at 857,367,000 bushels, an increase of 82,000,000 bushels over the June omelrist EYESIGHT SPECIALIST. Those who drive cars are de- pendant for safety upon their alterness of vision. 317 1516 wl' HON E~ - 1510 isney Block Opposite Post Owe - THE OSHAWA DAILY TIMES, ~~ WEDNESDAY, SEPTEMBER 21, 1927 forecast. The outstanding feature of the official crop report was the preliminary estimate of the yield of hay and clover at 16,000,648 tons, the largest yield on record. "In the province of Quebec and the eastern part of Ontario reports indicate that while there is a delay in the crops, conditions are gemnei- ally satisfactory. Damage has been caused in certain sections by rain and frost but on the whole a satis- factory yield is expected. Automobiles "In the month of July production of automobiles in Canada dropped sharply to 10,987 cars. This was 43 per cent, less than the 15,208 cars produced in June, In July of last year production amounted to 15,208 cars. "There was a general decline in output in all types of cars compared with the previous month, with the exception of chassis which showed a slight increase of 461 over 424. The number of open passenger cays dropped to 2,164 from 3,713; clos- ed pdssenger cars to 6,122 from 12,466 and trucks to 2,240 from 2,- 601. The sales value of all cars produced in July amounted to $7,- 031,869, f.ob. plant or 5.7 million dollars less than the sales value of the cars produced in June. "For the seven months ending July, production totalled 137,795 cars, a decrease of 2 per cent, from the 140,086 cars reported for the corresponding period of a year ago. "It will be noted that the total productiion this year has not suffer- ed much as compared with 1926 and the sharp decline in, the last two months is mostly caused by one of the large automobile plants sus- pending production in order to take care of an entirely new model. A Bank Loans "Current loans in Canada amounpt- ed to $1,027,200,000, for June, 1927, an increase of 95.7 millions over the same month last year and of 9.5 milions overe May 1927, Not- ice deposits were $1,380,300,000, a decline of 9% miillions over May. Coke "The production of coke in Can- ada during July amounted to 159,- 129 tons, a decrease of 4 per cent, over the 165,996 tons of June, which in turn was 5 per cent, under May. While production in the eastern provinces showed a slight gain, this increase was more than offset hy decreased outputs in Ontario and the western provinces Electrical Power "The monthly output of central electric stations in Canada for July was 945,646 kilowatt hours, and of this 931,262 was generated by water power. The total output for June was 961,358 kilowatt hours while for July 1926 it was 903,795 kilo- watt hours, a ---------------- te ------------------------------ A -------------------------------------------------- lakes Llothe White as"Snow / Modern women shorten their wash days and make them easy. They use a Gainaday . . . the washer | with the $100,000 tub, in it clothes are thoroughly cleansed, in $eahuili of $794,349 ! reported at June 1927 1926 449,421 426,990 July 192% 434,003 348,337 75,552 64,808 8,622 Employment "Employment at the beginning of August showed a further moderate increase according to the Dominion Bureau of Statistics. Returns sent to the bureau from 6,211 firms showed an advance in the employ- ment' index number to 109.2 at Aug- ust 1st. This was higher than in any month since the record was in- stituted in 1920. The previous month's index was 108.4, Index Numbers of Employment Canada Ontariio Quebee B. Col. Prairie Maritimes 72,917 64,953 9,919 170,183 44,665 10,711 1st of month January February March April May June July August 1927 94.8 95.4 96.3 96.2 100.6 105.9 108.4 ivY.z Quebec 1926 89.6 90.7 91.5 91.4 94.3 101.0 103.7 104.2 1925 83.9 86.1 87.0 87.2 90.8 94.5 96.8 96.3 Ontario 1st of month January February March April May June July August 1926 1927 90.7 98.2 92.6 99.9 94.0 100.9 96.7 99.2 99.0 105.2 1088 112.8 07.0 102.1 112.8 102.8 96.7 102.6 118.6 115.2 Tron and Steel "The production of pig iron Canada during July amounted 50,997 long tons, "This output was 17 per cent, less than the 69,437 tons made in the previous month and 14 per cent under the 67,232 tons reported for July of a_year ago. Foundry iron output was well maintained but ha- sie iron fell off sharply, while no malleable iron was made in July. "For the first seven months end- ing July 31st cumulative produc- tion of pig iron in Canada was 454,- 710 tons, an increase of 4 per cent, over the 438,096 tons for the sane period last year. "Production of steel castings in Canada during flected the lower output iron Ly falling to 55,250 decline of 8 per cent. from which in turn was 39 per cent, May, 1926 86.3 88.1 89.2 88.0 04.3 90.4 98.1 96:2 101.6 1927 90.9 92.3 94.0 in to and re- ingots July of pig tons, a June, under Pulp and Paper "According to the report by the Canadian Pulp and Associatioy exports of pulp and paper in" the month of July were valued at $13,673,677, which was decrease of $2,381,005 from preceding month, "The July exports of wood pulp were valued at $4.079,938., and of paper at $9,593,739., as compared $4,994,5607., and 11,060,175., re- spectively for the month of June, "Exports of pulp and paper for the first seven months of the year were valued at $98,683,491, as compared with $97,920,690., in the corresponding period of 1926, an increase for this year of $762,801 TRADE AND TRADE INDICES Bank Collections and Deposits "Bank collections for July of this year were $1,544,000,000., as com- pared with $1,444,6000,000. for July 1926 an increase of 7 per cent. "The volume of business in Can- ada as indicated by the bank debits to individuzl accounts was $2,687, 000,000, in July of this year. This was nearly 11 per cent. greater than the same month last year but about 6 per cent lees than in July 1927. Car Loadidngs "Car loadings for July were 249, 788, with a weekly average of 62.- 4144. The cumulative total for 1927 up to July 30th was 1,879, 196, which compares favougably with the 1,782,336 for the same period last year. Exports and Imports "Exports for the month of July amounted to $79,395,041 and im- ports to $91,368,667, leaving an un- favourable balance of approximately 11.9 millions. This is the first time that an adverse balance has occur- red in any July since 1921. The un- favourable balance of 11.9 showed a considerable drop from the sea- sonal index number of 9.7 which is a median of seven years balances for the month of July. Failures "Commercial failures for the month of July were 114. against 138 for Jung amd 137 for July 1926. For the first seven months of this year there was a lo- tal of 986 failures against 994 for the same seven months in 1926. Railway Earnings "Net earnings of $3,126,786 are shown for the C.P.R. for the month of July as compared with $3.921,- 125 for the same month in 1926, a Net earn- ings for the first seven mcuths were $16,139,086, leing a issued Paper a the in Canada | decrease of $1.738.736, as compared | from three to five minutes, without in- jury to the most delicate fabrics, Call us next wash day for a free demonstration The Gecinaday is best with your laundry in yous own home. Sponsored and distributed in Canada by Nortfsern Elect Oshawa Eleciric Service " 148 Simcoe St. S. ; The decrease with the first seven months of 1926. is attributed to the fact that working expenses increas- ed at a greater rate than K gross | earnings. | months of this year the nex "For the month of July net earn- ings for the CN.R. were $2,466,- 281., a decline of $99R4024 from July 1926. For the [first seven carm- Jngs totalled $16,537,769. against 249,022,741, for the same period of 1926, a decrease of $2.484 972. The decrease in July is considered to be partly due to fewer working devs during the month and also incrveas- ed wages and maintenance. Stacks and Bonds Common Stacks Industrials Public 1927 2948 108 8 June 1927 107.0 May 1927 108.4 April 1927 107.6 Jan. 1927 92.4 May 1926 B8.1 Banks Jwy June 1926 20.1 July 1926 90.7 July | 851,227 338, 537 _-- --t--rn, Preferred Stocks Industrials Bonds July 1927 105.2 111.1 dune 1927 106.1 111.0 May 1927 105.5 110.8 apr avg? 104.6 110.3 Jan, 1927 103, 110.2 May 1926 95.5 109.5 June 1926 95.7 109.6 July 1926 196.3 109.7 Summary "In spite of the late season all reports to date indicate generally favourable agricultural conditions throughout the country. While the last two months have been compara- tively qgiet in wholesale circles, this 18 a usual seasenal condition. Re- tail business has been stimulated to an anpreciable extent by the in- flux of tourists who have come in even greater numbers than usual this season. A reasonable move- ment has been reported in the staple articles of trade. "Wholesale prices on the average declined slightly in July and the early part of August in: contrast with gubstantial increases in the two preceding months. The index number of retail prices based on the family budget increased slightly in July as compared with June but was lower than the preceding July Employment was good. Notice de- posits showed a decline for the sec- ond month in succession after reach- ing a high point for all time in April last, Trading on the stock market wag less active than in the preceding month and speculative prices were practically maintained "In the province of Quebec, wholesale trade is quiet and retall trade dull, hut seasonahle weather has aided the movement of Summer goods. Collections are fair. Manu- facturers generally ave busy. Paint and varnish manufacturers, textile mills, furniture factories and sugar refineries are fully employed. Iron foundries, steel mills and car com- panies are less active, Clothing manufacturers are not over husy and woollen mills report business quiet. The hoot and shoe industry shows some improveement notwith- standing the higher cost of leather. The grocery trade is normal. Con- struction continves at a high rate and labour is well employed. The lumber trade is fairly active, The demand for pulpwood has fallen off; chemical pulp is fairly steady, with croundwood in good supply. The roduction of newsprint is maintain- ed at about 80 per cent, capacity of the mills. The - livestock markets are slow, with prices holding steady. The production of dairy produce continues at capacity Agrieulty ral conditions generally are satisfactory CHIROPRACTIC 1). E. Steckley, Chiropractor and Drueless I'heranist, will be in the office, 146 Sim- coe street, north every afternoon and Mon- day, Wednesday and Friday evenings, Forenoons by appointment, Residential calls made in town and surrounding dis- trict. Consultation is free at office, Phone 224, you--at 60° Fahrenheit--cold starts to damage your motor. Your car must be equipped with Auto- matic motor protection if you would be certain of safety, Make- shift radiator protection won't do, You forget--you neglect---and damage goes on. Don't trust your memory. Equip your car now with the only Automatic Radiator Shutter on the market, Models for all cars-- 20.50 to $36.00 Chevrole, special Ford Dodge Topring VIRES AUTOMATIC 'TRADE MARK REGUS PAT.OFR The Only Automatic Radiator Shutter on the Market Oshawa Battery Service 37 King St, West Phone 1184 $10.50 The recent warm weather is beneficial to corn, tobaceo and root erops, which are backward, Free fruits will be a light crop with a congiderable blight on apples "In conclusion, the review of the above reports would indicate that the general husiness situation in Canada is good and that prospects an. increase and extension of their | for the remainder of the year are business, and small retail stores are | reasonably optimistic." adversely affected. Collections are G, H, ..ROGERS fair. Flour mills are busy. Sea-| Jeneral Commercial Engineer, sonal demands for radio equipment have added to the activity of furni- ture manufacturers, who report BURNS JEWELRY STORE 23 Simcoe St. S. rain, proving damaged by rain, heavy crop partly harvesting of a is practically completed, "Ontario reports wholesale trade has increased during the month and considerahly lar than in the same period last year. Retail trade has benefited from unusually heavy tourist traffic. Chain stores report Hay was but the is er business good but the margin of profit narrow. Knitting mills are operating at about 85 per cent, ca- pacity. There is a good demand for leather at higher prices, Shoe manufacturers are busy, Canning companies report that the pack of peas, tomatoes and corn will bg less than last year, While automobile firms are experiencing the usual seasonal slackening of husiness, tire firms are unusually busy. Agrieul- tural implement firms are operat- ing at full capacity with special dr mands for binders and threshers for West A heavy grain crop is being harvested' The hay erop Hes 1, 1025 Ford Tudor Sedam, balloon tires and many extras, 1, 1924 Ford Tudor Sedan, Chadburn Motor Sales PRINCE BT, PHONE 1160 the = jbeen heavy but was damaged hy $77.00 Only a Limited Number at Dempsey versus Tunney A red hot account of this million dollar maul can be heard step by step, punch by punch, direct from the ringside, instantaneously, $n your own home on the VICTO Radio Set Easy Terms Arranged This set is recognized by experts to give the finest reception possible. Just step in and hear it demonstrated at J. Brown's The Jeweller Wis NORTHERN ELECTRIC -- 5 Tube -- Special Price 1 his Price