Today's Weather Tomorrow's Tides Prince Hupert Cloudy, calm; barometer. High 3:20 ajn, 21.9 It. 30,15; temperature, 40; 15:41 pjn. 202 ft. sea smooth. Low 9:45 ajn. 3.7 It. NORTHERN AND CENTRAL URITISII COLUMBIA'S NEWSPAPER 21:55 p.m. 4.4 It. Vol, XXIV . No, 40, PRINCE RUPERT, B.C., FRIDAY, FEBRUARY 1G, 1934 PRICE: FIVE CENTS SAFEGUARD IMPERIAL PREFERENCES LOCAL HALIBUT OPERATORS APPROVE LIMITATION CODE Control Board Set Up To Regulate Fishing During 1934 Season Allotment of .'MOO Pounds of Fish Per Man Per Trip is Accepted by Prince Rupert Boat Owners and .Fishermen Tie-up Periods to Be Governed By Circumstances Halilnit boat owners and fishermen of Prince Rupert, a a Hireling lnt night, decided to fall in line with a production curtailment code proposed by halibut vessel own-tr of Seattle and already ratified by boat owners and U liiTinen of Alaska whereby halibut catches for the 1!31 r.von will be limited, as far as the Prince Rupert fleet Today's Stocks t ... 8 II Jum.wi Uu.l Vattrvuvr A.v ndria. 01'. .y w. U3 askcft. lr N rct. jw)--r Mi .rt. ,41. 1!, il-.nir. 11.00. II n Con . 1Vfc. UMl 72. ( lr- (ioid Quart JLtl. r -n m ( "lulu. A8. 11 .. IIB., .01. I 0,,ui 034. i". Jt. l, li.m. a& Mt iin Star. 31. T, , v Boiw. .W. n.. ra 8llm.'.W. n m rive. im. iv, (I Orellk 1.11. P ! i Idaho. .10. Pi iiil r Oolcl. 1J0. V. vrs MrDonaW, .18. ltpard. 114. K ., 1 12. ' t r- rrt, 01V. C-.n mon Gold. 3. T. . 101 HrkHp. .68. W. , lilr AUVf. Whllrwater. .09. V'.iverly Tangier. .03 V4. I'mtrd Umpire, IVfc Toronto central Patricia, .01. Cnhnnarlo, .73. C'ibmmamau. .03. nild. .13Vi. Oiannda. .ra. Maraawi, 220. Norn da. 35.23. Piierritt Oordcm, 1.10. ' -'oe Gold 1.85. Thompson Cadillac, .40. Ventures. 1.01. lake Mnran. .03Tm. T"k Hughes. 5.85 Citdbury U.uln, l.M. New York V 8, Steel. 58. Oenernl Motors, 40. Auburn Auto, 53. V 8, Smelting, 132S4. American Can, 107?e. American Telephone, 123. Toronto Inl Nickel, 23.45. Home. 35.00. BWvanltc. 220, Eldorado. 372. ."itnadliin Industrial Alcohol, 00 1' II.. 17. KbMllcr.s-HeaKram, 21. Canadian Cement, 0V4, Wheat Prices Winnipeg May, July, .09?,, Chicago May, July. .80 V. September, DO',,. "'operating In Area. No. 2 u concer ned, to 3300 pounds per man per trip. A control board consisting of W. E. Drake and M. F. Nlckerson, managers of local lulling supply houses, and Oeorge Anderson, secretary of the Prince Rupert Deep Sea Fishermen's Union, was set up i to rMulatede(a1U jof the operation or the code ourlnr the season as circumstance warrant, the duty the control board to include the trips. The allotment accorded the Prince nurt fleet Is the same as II lit I accorded Ketchikan. Adoption of the code by the local boat owners and fishermen followed a conference held here last week by Harold E. Lokken. manager of tlie SealUe Halibut Vessel Owners' Association. The general object of the curtailment plan Is to so regulate halibut production as to ensure a maximum of profit for the operators by preventing, if possible, an oversupply of fish with consequent collapse of prices. The element of eonsena- tlon of the fishery also enters Into the scheme There wero some 150 boat owners and fishermen in attendance at Inst night's meeting. PROBE IS STARTING OTTAWA, Feb. 16: The committee of Hon. H. H. Stevens, minister of trade and commerce, formed for tho purKe of investigating price spreads and mass buying met yesterday for organisation and ex- nects to launch the investigation I next Tuesday. ... ., Ih.t Mm Mr. OieVeilS pVIIIHU uuv mai, mi. invostlmlloii Is purely economic and. perhaps, socialogical and there U no Intention of approaching it from a partisan or political standpoint. Dumping Duty On II Pfefn1"lnB out lnto Lake Er,e on ,ce floes f flatS II OieSieQjfrom which seven of their companions had been saved by life savers Cnnlrndrd That Department of Kevenue Has N" n'shl to Place It on llrltMi Import OTTAWA. Feb. 16:--Thc Cana dlan Importers' Association, on be half of MacBcth .& Co. and Peter Ruttlman Limited of Toroiuo, nas, lirotested to the tariff board that ithc Denartment of National Rcvc- inue has no rUht to Impose a! Mi.mninir riutv" on felt hats from Great Britain which, it Is claimed, was cancelled by the Customs Act of 1032i Agent-General For bsssssssssssssshL bssssssssssssv bsssbssssssssssbS isssssssssskw r bssssssssTm M SSSSSSSSSfl The Canadian tambr : t)l smme :e m Great Britain tendered a cheon to F P Burden, the retiring agent genc ai for Br sh CkJlumb.a rc.:eniv Pi' -010 sft w Hon. O. Howard Ferguson F. P Burden and H M, S Hayens, pi -irtt.u af the oham HERRING RUNNING rirtt Srowload of Season Arrircs From Pearl Harbor For Reduction Plant Two Seiners Out A fair run of herring has devel-rped this week at Pearl Harbor near Port Simpson and seining Is now under way there. Oammon & Watt are already fishing with the Zen-ardl for the reduction plant of K'tltnn Tlrr Plhrl( I.lmltMi a! prlncc Rupert ole skog ,eft yesterday and will seine for the Canadian Flesh Si Cold Storage Co. which will, as usual, put up the fish for frozen halibut bait supply. The-first scowload of herring to be brought Into the harbor this season arrived yesterday behind the power tug M. T. 3. Capt. Harris Kerr, enroute to the reduction plant. Jack Hazolton also brought In a boat load for the Bacon Fish eries yesterday, these being used for kippering. The fish to start with are rather small but It Is expected the slie will Improve as the season advances. Large numbers of sea Hons are reported to be interfering with seining operations. Four Men Drift Into Lake Erie Upon Ice Floes PORT COLBORNE, Ont.. Feb. 10: Four men were yesterday drlft- from the fire station here. ISxchamrc Rates. New York and Montreal MONTREAL, February 16 The jrlUsh lwund sterling was quoted tt $5.09''. on the local foreign ex- .hariitc market yesterday niul tho! Unlled states dollar at $1.00'8. NEW YORK, February 16- Thl' British pound sterling closed at; $5.05 bn the local foreign exchange yesterday aitd the Canadian dollar iat D9oC, British Columbia : I Silver Price : Is Mounting In New York NEW YORK, Feb. 16. (CP) Bar silver sold at the highest price in four years today at 46c jer ounce. Rumors during the past three days had sent the price upward but nothing has been announced officially as yet on the reported government plan to boost the price of the metal to SI per ounce by Monday. Today's price compared with io;c on Thursday and 45Jc on Wednesday. Beer and Wine With Manitoba Meals Sought O WINNIPEO, Feb. . 16: Suppor- ters of beer and wine with meals In licensed hotels and restaurants In Manitoba are urging the provincial government to adopt this means of helping to balance the budget. J TIIKONi: SI'KKCII PASSKI) BY 1I0USK OF COMMONS OTTAWA. Feb. 1G: CP The address In reply to the Speech from the Throne pas-f sed the House of Commons yesterday by a vote of 89 to 54 after the amendment of J. S. Woodsworth. Labor member for Winnipeg, declaring that the government ha,d failed to dM' anefiuately with unem- oioymeni ana omer problems "ad been ejected by a slml- lar division. ,T l- t in England Retires DREDGING ! 1 y-i-v I 1 1 1 J XV JJLjxJ I I-arjr Boulders Are Proving Hand ; itap To Submarine Operation On Islands But F.xpenses Are Ueins Paid Speaking of a new mining undertaking In which he Is Interested hy which coarse placer gold Is being dredged from under salt water it a shallow drpth from Sedge-vick Bay on the east coist of 1 Moresby Island. Indian Agent Jas. ! Olllett of the Queen Charlotte Is-lands, who Is paying a brief vlsi to the city, reports that the dredge :rm w been in opera;on tor flf- . teen 'days and. during thai time. j twenty yards of material has been handled yielding eight ounces of (gold. Large boulders have been causing trouble for the suction dredge by cutting down the yardage of gravel which is being handled. It Is hopefi. however, to soon overcome this so that a closer approach may be made to the dredre's dally capacity of 160 yards. Meantime, in spite of the boulder prctlcm and the fact that bed rock has not yet been reached, the operation Is paying expenses. Mr. Olllett who has not been ae tu'a on the property of late. arrive arrived from the Islanas on te , Prince John Wed 3day and will be returning to Massett on the same steamer tonight. , jut 1 OteWart lVlan IS Interred Today I Funeral of Late William Hanson 1 Fiom B. C. I'nilertakers' Cha-pel To Falrvlew Cemetery The funetal of the late William Kanson. wen K -own aiewan pro- rector, who pa.sed away earlier li the week at the Prince Rupert General Hospital, took place this afternoon at 2 o'clock from the -hapel nf the B. C. Undertakers to Falrvlew Cemetery. Rev. P." M. Fosse iPisU)t 0f st . Paurs Lutheran i church; officiated and Peter Lien , presided at the organ for the; ; hymns. The widow and young son oI rfeceased arrived in the city last evenlm? from Stewart to attend the funeral. New Trade Agreement Between Britain and Russia Signed Today Pact Contains Specific Provision to Meet Possible Price Cutting Tactics Such as Canada Had Complained Of in Respect to Timber LONDON, F"eb. 16: (CP) Safeguard against any interference with benefits of British Empire preferences was contained in a new trade agreement between Great Britain and Soviet Russia which was signed today. The ract contains a specific provision to meet possible price cutting tactics which, in the case of Soviet timber especially, had aroused sharp Canadian objection. 'continuing took his I TrniTcnr rnxm AViiw i ir?n Halibut Boat Owners and Fisher - rnfnTo Carry On ProHt I)e-" "iocuons For Co-Opfritlfe' Purposes A a meeunK Iasl nigni, nauDut 0031 owners and fishermen of Prince Rupert decided to renew for another three years as from March 5 this year a trust agree- jment providing for the regular de- duction of 24 percent from gross according to a report received at proceeds of trips to be placed In divisional headquarters of the pro-thelr co-operative func. jvlnclal police here. In poor health The fund up to last fall reache" for some time, he had already un-a total of something In excess of dergone a series of abdominal op-tll.000 which it was decided to Indentions and, on a recent visit to vest with the Northern Fisher- Vancouver, had been advised that' men's Cold Storage Ltd. which lshe could not expect to live much establishing a new ice manufac- turlng aiid cold storage plant on the Prince Rupert waterrroni. it is estimated that the further deduc- tic- as decided UDon will make anCher $9,000 available for the (project this year, bringing the to- tal up to $20,000. Elnar Larsen. one of the trus- tces of the fund, presided over the meeting of which Capt. David Rlt- chle was secretary. . , beuevpd to jje in Vancouver, a son. Ploimc fnlr Mowf Frederlck Wesley Beach, at Fran-lldllllO OIULH. ITldlL cols Lake, and another son, Al Has to be Curbed Witness in Washington Claims It Cannot Uight Itself and Cites Case WASHINGTON. DC Feb. 16:- Ferdinand erdlnand Pecora, to show that the stock exchange could not regulate Itself and must be curbed by the government, yesterday cited .sky- rocketing of alcohol stocks last Coroner's Jury Investigates Shoot-July with huge profits to "insiders.'' ing of Andrew Teresslo of ! Two Hills Former Ku Klux Klan Head Faces Charge of Theft EDMONTON, Feb. 16:John J Maioney former Imperial Wizard nf ,u vtllY Ku i rmintr n charge of theft here by conversion nf two $1000 bonds, Funeral Notice The funeral.of the late Mrs. B. O. Beale will be held from St. An- drew's Cathedral at 2:30 Saturday afternoon. Rev. Canon W. F.Rush- brook officiating. Despondency Orer Ill-Health Re-y ,1'evtd to Have Caused Interior "FarmerV Uash Art ' Ellas Albert Pratt Beach, aged w, wno nas Deen rarmmg xor tue past fourteen years at Francois Lake, committed suicide there on Friday of last week by blowing off the back of his head with a bullet from a 30-30 -Winchester carbine. longer without an even more ex- tensive operation. This he had de- clined to have performed and It Is said that he had been despondent for some time over his health, He shot himself in the Uvlne room of his home while his housekeeper was outside. Immediately nrevlom he had made remarks of a desnnn- dern nature Deceased, who was 59 vears of ; ,. 1. ,irvv(,rt k ...m, ,v, i bert. After the coroner had decided that death was due to suicide and that an inquest was unnecessary, interment was made at Francol3 Lake on Tuesday of this week. DpofU ftf Akarfo ucai" U1 HCI Id Man Accidental VEOREVILLE. Alta. Feb. 16: A coroner's Jury investigating th-death of Andrew Teresslo of Two Hills from a gunshot wound has found that that dMth death was was accldcntal accidental. DEATH HAYS MAY WIPE OUT NATIONS CHICAGO. Feb, 16: Dr. Lu-1 ther 8. Gable, former head of the Detroit Institute of Tech- nolosv deoartment of radium nd hellology, predicted yes- terday that wars of the future might employ "alpha death rays" to wipe out entire na- tlons.