Montreal. June 30.
The Montreal silver market and all Canadian stock and commodity markets will be closed to-morrow, in observance of the seventieth anniversary of the confederation of the Canadian provinces—United Press, because they are rarely made public. As with the more direct forms of regulation, their maintenance in times Of recovery is justified only to the extent that their working is made less stringent, so that the advantages of the increases of outputs permitted under regulation schemes applying to primary products are fully passed on io the ultimate consumer:
The article points out that the restriction schemes applied to. the leading primary products by no means exhaust the list of such attempts at regulation. The central coal-selling ' schemes and the coordinating activities of the Iron and Steel Federation in this country both have similar aims in view. So, too, have the various cartels which have been established in a number of manufacturing industries. As the products of such cartels are not sufficiently standardised to be dealt in on organised markets it is more difficult to estimate the results of their operations. but there is no doubt that in the aggregate they are of considerable importance.
Text read from the printed page and cleaned; old type leaves the occasional error.