Evening Star Newspaper, March 11, 1931, Page 12

A—12 ¥ CANADIAN TARRFS “T0 BE DISCUSSED Bennett Faces Inquiriés of ;arliament on Working of © New Schedules. Epécial Dispatch to The Star. TORONTO, Ontario, March 11.— When Premier Bennett faces a nev session of Parliament today he will give an account of his stewardship since August, 1930, when he took the reins of mva- € fifst question to engage the at- tention of Parliament will be just how thé new tariff schedules have worked. During the short emergency session last September the government forced through a drastic upward revision, as & retaliatory measure against the high- er erican rates. ve these increased schedules helped Canada? One of the premier's closest !flgd.l says that for the first time in ye the gloom and desponden which have prevailed in leading Ca- n industries for years have been lifted. To the cotton manufactirers, this friend of the prem'er's points out, the c in the textile tariff opened up a potential market of $32,000,000—that figure being the amount of last year's imports of cotton goods; to woolen men, :u:mnt.m market of $42,000,000; to men, one of $13,000,000, and to Toslery men, one of $4.800,060. No figures are available to show how many new industries have been brought in.. Perhaps Premier Bennett give thege figures shortly, but several sub- staptial ones have come into being. For example, the Canadian Celanese Co. has started the erection of a $2- 000,000-extension in Quebec and expects to add 2,000 more men to its force upon the completion of this building. The Associated Textiles Co. of Louise- ville is about to start a similar exten- sioni and to add several hundred men to m’.lmuh ag:h“ firms C.‘(Decfltl;‘g 'f;’ ex- | pand b operations are the Brucl Silk Mills at Cowansville, Quebec: the Uofofldlud Silk Mills, also of Quebec, and the Brupbacher Mills at Valley Field. is reported that Premier Bennett is pleased with the results so far at- tained. Herridge Appointment. appointment of Maj. W. D. Her- ridge, K. C., to be the Canadian Min- to the United States has aroused some protest from several influential Conservative papers upon: the ground that Maj. Herridge was a Liberal for the greater part of his life. The major changed from & Liberal to & Conservative during the bitter con- troversy between Lord Byng. then the Canadian governor general, and former Premier K. over certain rights of the crown. Up to that time Maj. Herridge was a close personal friend of Mr. King as well as of Lord Byng, but the major siderl with Lord Byng and thus broke his i political as well as his personal friendship with MacKenzie King. Duf- ing the last election Maj. Herridge ac- companied Mr. Bennett throughout Canada on his campaign tour. He was also his confidential associate at the rial Conference and again on his recent trip to Washington. Those who know Maj. Herridge, how- ever, are enthusiastic about him. They refer to him as one of the coming Ca- nadian leaders. He is just 41. Already he is an outstanding lawyer and a gifted public speaker, inheri the latter quality from his father, who was prob- ably the most powerful pulpit orator of There are many differences between the United States and Canada that must be decided soon. One of these is the St. Lawrence waterways, and it is understood that Maj. He has given a considerable amount of study to this problem. It is e that the youthful Canadian will take up the duties left by Vincent Massey some time in tbe early Summer. “Secession Movement.” ‘When I asked Sir John Aird, Canadi- an banker and industrialist, about the secession movement in the western provinces, he replied: “Nothing to it. It ‘was started in a little town of less than a thousand people. Less than a dozen people, I understand, attended the first meeting. Yet tfie newspapers seized on it as ‘capital’ news and sent it all over the world. I should say the newspapers were responsible for that story. Of course, conditions are hard in the west. They have been for sev- >ral years. Until those conditions change for the better we may expect to hear a great deal about discontent in those | sections.” i “Are conditions on the upgrade in Canada?” I asked. “Well, they are no worse than they | were three months or six months ago. ‘That is saying a good deal, because I belleve the worst is over. We work in | sycles, good times follow bad times, which in turn are followed by gcod times. I have been in the banking| business half a century and I have always seen business come back strong- | er after a few years of hard times than | they were in the good times period immediately preceding. That is what I think will happen again. This year should work out better than last year.” Canada Shipping Wheat. Canada, through its wheat pool, is shipping wheat out of the country to Europe just as fast ‘as it is possible. It 45 trying to clean up before “Mr.| Legge's fire sale.” which is expected to dump 35,000,000 bushels of United | States Farm Board wheat onto the| Furopean market at ruinous prices in the next few months, starts. “Canada’s hope and prayer is that the Federal Farm Board's wheat will not start moving across to Europe be- fore April 15" said one Canadian who knows this situation. Canadian farmers have just been told by the Board of Grain Commissioners of Canada that the average cost of trans- porting a bushel of wheat from the pro- ducer in Western Canada to the Liver- Pool docks was 3415 cents in 1930 How was this wfl divided? Approxi- | mately, it cost, including freight and insurance, 4 ts to take & bushel of wheat from Montreal to Liverpool And it cost 30 cents a bushel for all the charges from the time it was re- ceived at the country elevator in the West to the time 4t reached Montreal. Farmers are likely to dig into this service charge of 30 cents very carefully in the session of Parliament opening to- morrow. When wheat is selling for 65 cents & bushel in Liverpool, this means that the Canadian prairie farmer gets only 30’ cents a bushel for his wheat. Not much in these days, for it is estimated that a bushel of wheat conservatively costs the farmer to produce, under present conditions, from 75 to 85 cents. ‘What _is the answer? The Canadian farmer himself would like to know. (Copyright, 1931. by North American News- paper Alliance.) |GENERAL FOODS REPORTS INCREASE IN SURPLUS Special Dispatch to The Star. NEW YORK, March 11.—The pam- phlet report of General Foods Corpora- tion for 1930, made public today, shows an increase in profit-and-loss surplus to $15,134,255, as compared with $11,- 824,177 at the close of 1929, and a ratio of current assets to current lia- bilities of 5.3 to 1, as against 3.7 to 1 for the preceding year. For a year marked chiefly by co- ordination of companies merged in the last few years, General Foods reports net earnings of $19,085,595, which is equal to $3.63 a share on the 5,256,843 shares of no par value stock outstand- ing at the close of the year. This com- pares with consolidated net profits, ex- cluding profits of subsidiaries prior to acquisition, of $19,422,313, or $3.68 & share, for 1929, the company's record year. Net earnings for 1929, including rofits prior to acquisition, were $20,- 19,046, or $3.89 a share. Sales for the year were reported at $117.463,867, as compared with $128,- 036,791 for 1929. However, case sales for 1930 approximated those of 1929. The shrinkage in dollar sales was due, in large measure, to lower prices. Total income, after all charges and expenses, but before provision for income taxes for the year 1930, was $21,572,361, against $21,709,922 for 1928. —_— RAILROAD MEN PROTEST ALLEGED PAY ROLL CUTS By the Assoclated Press. SYRACUSE, N. Y, March 11.—A resolution adopted here yesterday at a meeting of the General Grievance Committee of the New York Central Lines East, Brotherhood of Railroad Trainmen, protested against what was described as the “cutting of men from all departments in strikingly greater proportions than reduction in business would warrant.” The committee rep- resents 30,000 train service employes who work on the New York Central Lines east of Buffalo and from Mont- real to the Pennsylvania border, it was stated. Copies of the resolution were ordered sent to President Hoover and A. F. Whitney, president of the Brotherhood of Railroad Trainmen. PITTSBURGH $7.00 PHILADELPHIA $3.50 Indianapolis $15—Butfale $9.50 DETROIT$13-LOSANGELES$53.10 New, warm, comfortable Great Fastern red stages leave many times daily from GREAT EASTER| ~ ~ BUS TERMINAL~ ~ 1349°F St.an(%) Phone or write NATIONAL "7?1 HEADACHES Relieved! Quick..Safe APUDINE is the new, safe and im- ‘mensely better way of getting quick relicf from headaches. Being liquid, it acts immediately, often in one-third the time required byother forms. Nodope or harmful drugs toupsetsystem. Try itfor Nervous Headaches Asingledose of Capudine stops the pain and your ,*“jumpy”’ pervesen- §o7 % glorious levdowa. Women'sHeadaches Capudine makes quick work of headaches ac- companying monthly periods. Relief comes promptly without dis- turbance to normal fanc- tions. “Moming-Aker" Headaches For*“nextmorning”’ head- aches, Capudine is_the quickest bracer ever. Two teaspoonfuls in water and your head speedily clears up. Make This Testl . . Next time you have a headache, go to your drug store and get a bottle of Cap- udine, or take a dose at the soda foun- tain. Then time the action. Note how quickly pain dissppears and you “pep’” sight up. In 10c, 30c, 60c bottles or by the dose at drug store soda fountains, HICKS Cdpudine FOR HEADACHES e N QUICK RELIEF from CHILDREN'’S THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, AVIATION INDUSTRY | SEEKS SOUND BASIS | Trade Leaders Declare Pro-| duction Has Now Returned to Normal. BY J. C. ROYLE. ‘The aviation industry, which has been in throes of acute depression since 1929, is making strenuous and intensive efforts to place business on a sounder basis. Some of the beneficial results of this activity of the last few months already have AP) t. practically the normal rate of and de- velopment. They recognize that pro- uction in 1928 and early in 1929 was lar in excess of requirements, in spite of the astounding wth which took place in demand. thusiasm has now been suppressed and the business is rapidlv settling down to a sound business basis. Government officials cite the fact that the wild “ballohoo” about airmindedness been aban- doned al with the more sensational promotional enterprises. Conservative Policy. Both manufacturers and transport companies have come to realize that something more than the names of noted fiyers on the board of di is necessary for success. It is pointed out that the majority of the well known flyers are not business men have not the experience and tempera- ment to act as business executives. The industry is now struggling to determine definitely the number of air- lanes which should be manufactured & meet gresem, and future demands. With underconsumption and overpro- duction both blamed, the industry has been unable to determine present re- quirements, so far as the output of planes is concerned. Leaders in the industry are determined to make pro- duction closely lle] sales. The industry is too new to make any comparative use out of figures on the ratio between production and sales, but the Aeronautical Chamber of Com- merce of the industry is now compiling figures on sales and production as fast as possible. It is hoped that within a short time these will provide a satis- factory background for forecasting re- quirements. Some of the companies have taken an extremely conservative stand. One lo- cated in Ohio predicates production only on orders on hand. This company also plans its activities so that they fol- low the curve of demand, which nor- mally begins to rise in January, reaches the high point in July and then de- clines. The report of orders on hand is circulated daily to the ‘zurchu , sales and manufacturing partment T€- vealing accurately just how far sales are ahead of production. This com- pany declines entirely to specific model for stock. The argument advanced for this policy is that, if a model is overstocked, the loss is greater than is that occasioned by the delay, at times, arising from an in ity to d | fill orders immediately from Other companies are cunuolm prod- uction along similar lines. These trends ar: being reflected in the late figures on manufacture wmgued by the aero- nautics branch of the Department of crce. These figures show an out- put for 1930 of 3,224 planes, of which 2,514 were for civil use. These figures compare with a production of 6,034 machines made by the major aviation concerns in 1929. Engine Industry. The aircraft engine industry natu- rally has fluctuated almost exactly as has the airplane manufacturing busi- ness, but the manufacturers of motors have not been so widely lead astray as to demand and production. ‘While the American aviation compa- nies had a year of depression, some of the British aviation companies reported with excellent profits for the 1930 pe- . One concern showed a net of proximately $826,000 for the year en September 30, 1930. The larger part of the planes manufactured by the com- peny. however, are of a military type. arge orders for which were received from abroad. (Copyright, 1931 MARCH 11, 1931. BROKER SAYS PUBLIC INTEREST IS SMALL Evidence of General Stock Buying for Weeks, He Declares. No Special Dispatch to The Star. NEW YORK, March 11.—A broker who handles the accounts of many large mv”'vfl?e sald ;Ddl]m'-‘:llt he had mhh no e nce of pul buying in office for weeks. His theory of the January-February rise was that it had been started by the short interest and carried through by the same group of professional operators who headed the pools in the ill-fated market of a year ago. He felt also that the advance in average prices of about 30 points from the low ember level had been taken advantage of by institutions and groups of bankers who supported the market last year to liquidate their holdings. His Just Think of It— ‘The Star delivered to your door every evening and Sunday morning at 1l2¢ per day and Sc Sunday. Can you afford to be without this service at this cost? Telephone Nationa! 5000 and de- livery will start at once. opinion of the current campaign in the public utHities was that it is for dis- tribuf There BANK REOPENED. The Polk County Bank & Trust which closed November 23, has opened. purposes. are a lot of Wall street people, PSS MR groups umulating securities for a “long g'l:nh in Northern n placed Europe in operation at Dansig. Finds Quick Way to End It No More Stomach Torture—Ca: Eat Everything—Sleeps Fine —Thanks ACIDINE & mean case of acid indigestion three years,” writes Miss tralize burning aeid, stomach lining, from seidity. contains this selentific combination to end acid stomach. Physicians _are i) Thousands of peop) ave B i e = : tongue, bi 1s wonderful. out gas or pain. " dis 1 can eat other ibi Sleep fine. stomach. 5 soes Hie B Don't take chances at ‘ofien “eud Fo Tertous snd troubles. Get Costs and 4 more gist. e rehy food istress. Tt di- imes its weight of such foods | Get ACID! |in_only 30 minutes! tisement. Consider what you get for what you pay Today, especially, it is wise to consider carefully just what you get for ev;; dollar you pay. In the new Chevrolet Six, we believe, is offered the best value on the market in a low-priced car. The basis of this value is new quality and new low prices. There are actually scores of improvements in the new Cheyrolet Six, every one designed to increase the satisfaction and economy of ownership. The six-cylinder fifty-horsepower engine delivers an even smoother flow of power. Every vital unit of the chassis is built for long, hard service with low upkeep— operating costs for gas, oil and tires are less than those of any car you can buy. The new Chevrolet is a fine-looking car, too, inside and out. The bigger and better Fisher Bodies are handsomely finished and are equipped with every modern convenience. Quality never cost less than it does in the new Chevrolet ix. And in the long run, quality makes a big difference in the satisfaction you get out of the money you spend for an automobile. » New low prices <« Roadster, $475; Sport Roadster, $495; Phaeton, $510; Standard Coupe, $535; Coach or Standard Five-Window Coupe, $545; Sport Coupe, $575; Five-Passenger Coupe, $595; Convertible Cab- riolet, $615; Standard Sedan, $635; Special Sedan or Convertible Landau Phaeton, $650. Prices f. o. b. Flint, Mich. Special equipment extra. Low delivered prices and easy terms. Some features Longer wheelbase . . . Roomier, smarter Bodies by Fisher .. . De luse wire wheels . . . Special chrome-plated radiator grille on sport models . .. Stronger full-length frame . . . Improved clutch and transmission « « « Fully-enclosed four-wheel brakes . . . Insu- lated front compartments . . . 50-horsepower siz-cylinder engine . . . Four semi-elliptic sprin, « « Four hydraulic shock absorbers « + « Safety gasoline tank ... Adjustable driver’s seat . . . Fisher non-glare VV wind- shield . . . Liberal Owner’s Service Policy. The New Chevrolet Convertible Cabriolet— Product of General Motors NEW CHEVROLET SIX The Great American Value ASHEVILLE, N. C., March 11 (e Co., Te- One of the largest drainage pumplng hes just Five other ingredients in ACIDINE 2eu- | efunt Trom any arugEist—Adver- | See your dealer below R. L. Taylor Motor Co. 3 14th and T Sts. N.W. Ourisman Chevrolet Sales Co., Inc. 610 H St. N.E. Aero Auto Co. 1101 King St., Alexandria, Va. Wilson Blvd. and Holly St., Clarendon, Va. Stohlman Chevrolet, Inc. 3307-11 M St. N.W. Owens Motor Co. 6323 Georgia Ave. Wolfe Motor Co. Silver Spring, Md. Lustine-Nicholson Motor Co. Hyattaville, Md. Mandell Chevrolet Co., Inc. 13th St. and Good Hope Rd. S.E., Anacostia, D. C. Barry-Pate Motor Co. 1218 Connecticut Ave. 2525 Sherman Ave. ALSO DEALERS IN CHEVROLET SIX-CYLINDER TRUCKS, $355 to $695, f. o. b. Flint, Michigan Makeley Motor Co. East Falls Church, Va, Boyer Motor Sales Capitol Heights, Md. Montgomery County Motor Co., Inc. Rockville, Md. Banfield Chevrolet Co. 6708 WisconsinWAve., Bethesda MENTHOL COUGH DROPS