Vancouver
Aaxandrla.
.01
1$.
U.
t
Nickel.
.48.
B
MlMourl.
Zl.
Diadlan.
2.12r
Kulome,
0.00,
B.
n
Com..
D.
R
X,
Oold.
.22.
(
3!
iboo.
1.28.
Dcntonia.
.84.
Carter
Creek.
.04
Vt.
L
ange.
.13.
H
ulei,
.01.
1:
-.an.
.01.
Ml.;
to.
m'i.
Mmdlan.
.13.
Morning
Star,
.08.
Na'ional
Silver,
03.
Noble
Five.
.08.
r.
fid
Oreille.
.48.
r
rter
Idaho.
.074.
Prrmler.
141.
Reeves
McDonald.
.14.
P.
ward.
.04.
Reno,
1.49.
f
uvcr
Crest.
.01.
Cumon
Oold,
.13.
Taylor
nrfdgc,
.19.
Wrivsjdc.
.09.
W
'llentcr.
.04.
W
tverly
Tanuler.
.00.
Vuttcd
Empire.
.05.
Toronto
C
t.tral
1'atrlcla.
1.23.
Ciilbougamau,
.13.
L
:c
Gold.
.03.
Uranadn,
.134.
Inter
Nickel.
23.15.
Marassa.
2.48.
Noiandn.
32.73.
thcrrltt
Gordon,
.49.
Slsco,
2.82.
Venture.
.05.
Lake
Maron,
.03.
Tcck
Hughes.
4.00.
Sudbury
Basin,
1.43.-Columarlo,
.08.
Smelter
Oold,
.1014.
Can.
MalatUc.
.68.
Little
Long
Lac.
055.
Astoria
Rouyn,
.03V4.
Stadacona,
.20.
Maple
Leaf,
.0811,.
Pickle
Crdw,
2.50.
San
Antonio.
4.40.
Man.
u
Eastern,
.03ft.
Sylvanltc,
2.37.
C
P
n..
11.75.
Ford
"A.'V
20J5.
Imperial
OU
16.50.
Smelters,
131.00.
n-
C.
Pioneer,
10.10.
Dome,
38.00.
E'dorado,
1.25.
Falcon
Bridge,
3.85.
Holllnger,
18.00.
Lakeshorc,
54.50.
AGREEMENT
NOT
LIKELY
Large
Quantity
of
Frozen
Fish
Stumbling
lUock
in
Negotiating
Minimum
Price
No
Us
Fishing
-Now
In
view
of
the
present
froicn
fish
situation
with
fire
million
pounds
of
halibut
remaining
in
storage,
Capt.
George
Frits,
who
returned
this
morning
on
the
Trinre
George
from
a
trip
to
Seattle
where
he
attended
a
con
fertnrc
of
halibut
boat
owntrs
and
fishermen
with
fish
buyers,
holds
out
little
hope
of
an
Immediate
agreement
being
reached
for
a
minimum
price
arrangement
for
the
season.
Meantime,
Capt
Frits
sees
no
use
in
the
boats
going
out
until
some
of
the
froien
fish
has
been
cleaned
up.
lie
feel
that
it
would
be
well
to
Ik
remain
in
port
untif
possibly
April
1.
To
go
out
sooner,
he
believes,
would
only
mean
the
boats
would
go
In
the
hole
because
of
low
prices
which
he
thinks
would
be
inevitable.
Capt.
Fritx
reports
that
American
boat
owners
and
fishermen
are
still
considering
the
idea
of
handling
their
own
froien
fish
and
that
II.
I-
Lokkcn,
manager
of
the
Seattle
Host
Owners'
As
sociation,
will
be
going
to
Washington.
D.C
soon
t
negotiate
for
a
government
advance
of
$1,000,
000
to
assist
in
financing
the
holding
of
the
fish.
put
Into
operation
services
the
province
needs.
The
highlights
ot
the
budget
were:
An
expected
surplus
of
$424,000
on
current
account
for
the
fiscal
year
1934-35.
j
No
taxation
changes
for
the
coming
year.
I
The
government
to
apply
remedial
measures
for
municipalities
where'necessary.
i
(
"
Revenue'
of
nearly
$3,000,000
over
estimates.
I
An
Increase
of
$1,132,593
In
the
net
debt
of
the,
province
for
the
:
I
year
ending
November
1
last.
I
The
province
will
ask
for
the
ex-
and
sales
taxes.
Increase
In
the
sinking
fund
of
Jl.77l.683.
Hope
for
an
early
refunding
scheme
at
three
percent
withheld
by
the
federal
government
and
the
Central
Bank
of
Canada.
Gasoline
taxes
expected
to
yield
an
additional
$500,000
annually
due
to
squelching
of
"bootlegging"
by
vessel
owners
supposedly
encaged
In
fishing.
Kir
the
three
year:
ending
March
31,
1936,
the
treasury
will
have
a
net
surplus
on
current
operations
of
$159,000
and
debt
redemptions
'
of
$1,757,000.
;
Unemployment
rellpf
costs
in
the
nrovlncc
have
totalled
$34,838,248
since
the
Inception
of
the
scheme.!
Provincial
claims
for
better
terms
from
Ottawa
will
he
continued.
1
The
usual
Interest
attaches
Itself;
to.
the
document
which
reveals
the
j
year's
financial
policies
of
the
J.
J.
Pavnc
returned
10
the
city
on
the
Prince
Oeorse
this
morning
from
a
business
trip
to
Vancouver.
Blairgowrie
Feared
to
Have
Sunk
On
Tuesday
Night
in
Atlantic
Ocean
4
-
Three
Ships
Conduct
Lengthy
Search
But
No
Trace
Of
Sinking
Vessel
Found
Following
Receipt
Distress
Calls
HALIFAX,
Feb.
27:
(CP)
It
is
feared
that
the
British
freighter
Blairgowrie
has
foundered
seven
hundred
miles
off
the
British
coast
with
loss
of
twenty-eight
men.
The
liner
Europa
wirelessed
today
that
three
vessels
had
made
an
all
night
search
in
response
to
distress
calls
but
had
'found
no
trace
of
the
sinking
ship.
A
meeting
tmlqu
f
'as
his
ory
Vancouver,
where
bcisu
colder
r
posais
for
sUspe:
iion
nf
50
pnr
yor
McGeer
Is
shjwn
making
an
the
city
from
an
annual
burden
Toronto,
repreacr.tini
Investmen
Atlin
Member
Is
Speaking
Tonight
W.
J.
Assclstlnc
Aildressins
Meeting
In
Vancouver
For
Chamber
Of
Mines
VANCOUVER.
Feb.
27:
W.
J.
Assclstlnc.
M.
L.
A.
for
Atlin
and
mill
superintendent
of
the
Premier
Gold
Mining
Co.
Is
delivering
a
lecture
here
tonight
under
the
auspices
of
the
British
Columbia
Chamber
of
Mines
on
the
subject
of
"Mining
in
Northern
British
Today's
Weather
Tomorrow's
Tides
Piinec
Rupert
Clear,
light
High
.
8:53
a.m.
18.8
It.
enable
'lnd;
barometer.
30.1
.
.
22:30
pjn.
18.4
ft.
--mperature,
12;
sea
smooth.
&
y
,
Low
.5:18
a.m.
10J5
It.
15:50
pm.
53
(t.
NORTHERN
AND
CENTRAL
BRITISH
COLUMBIA'S
NEWSPAPER
V
i
XXV
No.
48.
-A
PRINCE
RUPERT,
B.C.,
WEDNESDAY,
FEBRUARY
27,
1935
PRICZ:
FIVE
CEN18
B,
C.
BUDGET
BROUGHT
DOWN
TODAY
BRITISH
VESSEL
FOUNDERS
I
WITH
TWENTY-EIGHT
ON
BOARD
M
inister
of
Finance
Reports
Healthy
Surplus
On
Current
Operations
of
This
Province
iiaii;
mviut
outi.i.t
demanded
iiy
alheuta
4
EUMOHTON.
Feb.
27:
CPt
Ti'inipt
federal
action
to
.u
U)c
Peace
River
railway
V.
i
to
the
Pacific
Coast
was
uiuiidcd
In
a
resolution
ad-
,.t.-(i
last
nlht
by
Uw
Al-
:
.
i.t
LeaUrttture.
rn
1
in.
1
lodavs
otocKs
ivurany
B
U
JotuaAon
Oo
I
)
I-
l
No
Taxation
Changes
This
Year
Remedial
Measures
Tor
Municipalities
Needing
Them
to
Ik?
Made
Revenues
Exceed
Estimates
by
Three
Million
Dollars
VICTORIA,
Feb.
27:
(CP)-Asserting
that
British
Co-lumbia
will
have
a
surplus
this
year
as
well
as
next
but
pointing
out
that
unemployment
relief
and
debt
charges
were
creating
a
situation
calling
for
immediate
remedies,
Hon.
John
Hart,
minister
of
finance,
in
his
budget
speech,
unfolded
in
the
Legislature
this
afternoon
the
second
half
-of
his
program
to
bring
provincial
finances
back
to
solid
ground
and
Battle
of
Bondholders
Takes
Place
in
Vancouver
CITY
IS
IN
Cak
ida
ia
pi
ai?d
Jove
It
is
he
BaUie
of
the
Bonds"
In
.
.r
r
p.
:snfa
&'
Mayoi
O
O.
M
'Geer
to
discuss
his
promt
of
he
tntei
-st
rate
on
the
s
6W00.000
bonded
debt.
Ma--rns:
appeal
tor
"Jie
co-oration
of
the
bona-holders
in
saving
;
$3.09J.O0'l.
Among
those
who
attended
were:
E.
O.'Long.
KG.,
of
Dialers'
Association
of
Canada
and
many
individuals;
C.
C.
Fer
guson
of
Toronto,
aerrsral
manazer
of
the
Great
West
Lite
Assurance
Co..
and
Mr.
Jules
Fortln
of
Uegina.
baUi
representing
the
Dominion
Mortgage
Co.;
A.
3.
Williamson
of
Toronto,
of
Wood,
Oundy
&
Co..
Ltd.;
Col.
O.
H.
Dwell,
representing
clients
of
companies
organized
under
the
B.
C.
Bond
Dealers'
Association;
Mrs
.T.
C.
Hope,
special
representaUve
of
the
Dominion
Securities
Corporation:
J.
W.
dcB.
Farris,
K.C..
representing
British
holders;
F.
R.
McD.
'
Russell,
K.C.,
United
States
investors;,
and
R.
L.
Morrow,
president
of
the
B.
C.
Bond
Dealers'
Association.
Aivazoff
Announces
Paper
.
PKLSIDEXT
ROOSEVELT
.
PAYORS
ALASKA
ROAD
WASHINGTON.
D.C,
Feb.
27:
(CP)
President
Franklin
D.
Roosevelt
Is
definitely
In
favor
ot
a
highway
from
Unl-
ted
States
to
Alaska.
Delegate
Anthony
Dimond
ot,Alaska
Stated
yesterday.
BAR
SILVER
NEW
YORK,
Feb.
27:
(CP)
Bar
silver
closed
at
55'?r
per
ounce
on
the
local'
metal
market
yesterday.
Today's
price
was
56ici
Mill
Will
Be
Built
Here
As
Soon
As
Power
Arrangements
Are
Made
CONTRACTS
SIGNED
WITH
EASTERN
PUBLICATIONS
WHICH
WOULD
INSURE
STEADY
OPERATION
FOR
TEN
YEARS
TO
COME
.
Misak
Y.
Aivazoff
who
arrived
this
morning
from
Vancouver
brings
word
that
everything
is
in
readiness
to
proceed
with
a
paper
mill
project
at
Prince
Rupert
as
soon
as
the
necessary
arrangements
for
power
can
be
made.
Mr.
Aivazoff
is
interviewing
City
Commissioner
W.
J.
Alder
today
to
urge
that
the
city
make
arrangements
with
the
power
corporation
to
supply
power
for
the
industry
at
favorable
commercial
rates.
Once
this
has
been
accomplished
work
on
the
plant
should
start
within
thirty
days.
In
regard
to
the
paper
mill
Mr.
Aivazoff
adds
that
contracts
have
been
signed
with
eastern
publications
which
would
ensure
steady
operation
of
a
good
sized
paper
mill
for
a
period
of
ten
years.
Mr.
Aivazoff
reports
that
F.
L.
Buck'ey,
who
recently
returned
from
Montreal,
and
Olier
Besncr
left
Vancouver
Monday
to
Hilervicw
Premier
Pattullo
at
Victoria.
Mr.
Aivazoff
who
is
here
on
private
business,
will
return
to
Vancouver
tomorrow
night.
Bandit's
Mother
Is
Sent
to
Jail
Sentences
Imposed
Upon
Twenty
Persons
For
Harboring
Public
Enemy
No.
I
FORT
WORTH,
Aexas,
Feb.
27:
Sentences
of
from
cne
week
to
two
years
Imprisonment
were
Imposed
yesterday
upon
twenty
relatives
and
friends
ot
Clyde
Barrow,
a
Public
Enemy
No.
1,
and
his
associates,
tor
harboring
the
bandit
and
his
comrades.
Among
them
was
the
bandit's
mother
who
received
a
sentence
of
thirty
days.
BAD
SHAPE
Mayor
McCeer
Appears
ISefore
Private
BUIs
Committee
in
Regard
to
Charter
Amendments
VICTORIA,
Feb.
27:
(CP)
Mayor
O.
O.
McOeer
of
Vancouver,
!M.
L.
A.
for
Vancouver-Burrard,
j
told
the
private
bills
committee
of
the
Legislature
yesterday
that,
un-.
less
the
city
of
Vancouver
obtained
early
financial
relief,
the
provincial
government
would
have
to
!
take
over
the
financing
of
the
city.
Mayor
McGeer
was
speaking
on
proposed
charter
amendments
which
would
Include
the
cutting
of
Jthe
interest
rate
on
the
city's
bon-jded
Indebtedness
to
three
percent
and
the
suspension
of
sinking
fund
'payments
for
a
period
of
five
years.
Mayor
McOeer
also
proposed
that
ithe
Vancouver
charter
should
be
amended
to
provlds
that
the
pro
vincial
government
could
appoint
a
commissioner
in
the
event
of
the
bondholders
suing
for
non-payment
ot
Interest.
At
the
present
time.
Vancouver
does
not
come
under
the
general
provisions
of
the
Municipal
Act
and,
should
the
bondholders
apply
to
the
courts
in
the
event
ot
Interest
not
being
paid,
it
would
meanjputting
in
the.
sheriff
-who
could
exact
a
tax
levy
to
pay
the
Interest,
the
mayor
said.
Heavy
Snowstorms
In
Middle
West
Deliveries
of
Seattle
to
Chicago
Stockyards
Very
Light
These
Days
CHICAGO.
Feb.
27:
Cattle
producing
areas
of
Iowa
and
other
.
Middle
West
States
have
been
hard
;
hit
by
heavy
snowstorms
during
the
;
past
few
days.
The
movement'
of-stock
to
market
has
been
almost
paralyzed
and
cattle
shipments
to
the
Chicago
stockyards
these
days
are
exceptionally
light
Federal
Camps
'
Are
Not
Being
Probed
by
B.C.
VICTORIA,
Feb.
27:
The
pro;
vinclal
government,
it
was
au-2
nounced
yesterday,
does
not
intend
to
investigate
conditions
In
work'
camps
for
unemployed
being
main
tained
In
the
province
by
the
fed-jeral
Department
of
National
De
fence
as
it
has
no
Jurisdiction
over
ame.
STOCK
MART
1
TAKES
DROP
Heavy
Selling
Forces
Prices
Down
All
Along
the
Line
In
New
York
j
j
NEW
YORK,
Feb.
27:
Heavy
I
selling
forced
prices
downward
all
along
the
line
on
the
New
York
J
Stock
Exchange
yesterday.
A
dozen
or
so
rails
hit
new
low
marks
for
the
year
and
industrials
also
broke.
The
day's
turnover
totalled
960,-000
shares
and
closing
averages
were
as
follows:
Industrials,
102.24,
off
.90;
rails,
30.14.
oft
1.12;
utilities,
15.83,
oft
.92;
bonds,
96.48,
oft
.51.