The result of the election in has been received here much satisfaction; it is felt that the return to power of a strong National government will be followed by much closer cooperation between the Home Land and Canada in the matter of Imperil trade. The Mr. Bennett, has already taken steps to call a meeting of representatives from the various parts of the Empire, and he has indicated that he is willing and ready to move forward in giving preferences to Protuets from "England and the minions.
"This question of Empire trade is worthy of study by the leading statesmen. In the past there have been a number of half-hearted attempts to reach a real understanding of what the relations be tween the nations of the British Commonwealth should be; slight advances have been made, only to be followed by disagreements when 'a new party came into power. The time would now. seem ripe for Jenthusiastic action, gifts. The idea of combining the budgets of the charity organisations ina city, and making a united appeal for them, was. developed some years ago by our neighbours south of the line. It is now. used with Varying success in different arts "of" the country, sometimes funder the original name, and some-Himes under the names "Federated Charities" or "Financial Federa~
'The greatest success has been attained fu" Montreal. Toronto, on the other hand, has always' had ficulty' in reaching' the object set. In the former' city the idea Started in a small way, but year bby year more of the societies have joined the federation, and. conse-Guently the, budget has risen con-Siderably. The committees are. a pointed months in advance, and all reparations for the drive o€ one week are completed before the can Yassers go out. Each evening dur. ing the week a dinner-meeting of the canvassers is held, and the results are announced to the assembly. The closing dinner Canada and, Australia of the trade treaty" signed recently. The Empire is still bound together by very warm ties of Kinship, and might just as well agree to an interchange of products to the common advantage, Two years after the great crash of the stock market which initiated the present. "depression, there are afew indications that' the period of liquidation is very arly "over. Month by month the financial pro-Dhets have predicted better things, Stocks have. gone down until to day one can buy even the best stocks at one-fifth or one-tenth of their" pre-crash value. As one watches the market now, however, a number of large donations: as these are announced, the objective, which a few moments before seemed far away to the many workers, is nearly reached. It then remains only for the team captains to. give their final returns, and the campaign is, successfully completed for another year.
Vancouver is now having its second campaign. Last year Mr. Howard Talk, former secretary and organiser of the Montreal. Financia' Federation, was persuaded to come to the Const and take charge of the new venture in the western metropolis. The budget for the first year was obtained; that for the Second year, $305,000, now appears to be well within' reach, developed into break for higher: prices, and. there have been slight recessions due to Fr refit-taking, but a distinct gain the loyest levels has been recorded.
He would be rash indeed who would base a case for improvement on this slight gain in the stock market. There are other gains of a more fundamental nature. In his jantry wheat—its growing, ating and export—is of the utmost importance; and we have just had a year of very low wheat prices combined with a poor export has market. Now the price of wheat risen to about ten cents I above its level for the past year, and the trend is upward, Une explanation for this is that the world crop of wheat rather lower than th botter return, even though the harvest was not as bountiful.
Car loadings, another fairly ood! indicator of business conditions, have risen somewhat during the last few weeks; what rise there is seems to be spread over the whole range of _commodit although wheat shows the most extensive movement. Newsprint mills, which in August operated at the new low ratio of 51.3 per cent. of capacity, recovered in September to 57.7 per cent. of capacity, facturers re red new orders from countries that do not ordinarily place much business in Canada. The building trade has held up very well, and new contracts are about normal.
The textile industry is quite active while boot and shoe manufacturers report a good demand for the cheaper grades of footwear.
The Canadian banks continue to hein a very sound cone Hon, and it ig a matter of some interest that savings deposits therein are going up at the rate of some $10,000,000 month, and are now in excess of $1,400,000,000.
It is reported that the banks will not pay the customary bonus to shareholders at the close of the year, but apart from [that there have been no changes in their dividends.
This brief summary indicates, I think, that the financial position'of the country gives no cause for con-Jcern, and that it is at least possible: thatthe return of general prosperity is on the way.
This is.the season of the year when the community chests of the various cities are. replenished by means of an intensive campaign for The Canadian Rubgy Football schedules are now half over, and it is evident that there will be some new contenders for the Dominion title "The Balmy Beach team of the Ontario Union, which won the cup last fall, seems but a shadow lof its former self, and has already been defeated several times. In the Inter-Provincial series a new cham-hough' not crowneds Zor several now acknowledged, even th
vats the team representing the montreal Amateur Athletic Association has been slowly gathering strength, and now it is sweeping all before it in this league. Hamilton Tigers, who have been unchalleng-
Montreal on their own field, and until this year, wore beaten by is conceded that this game practic ly decided the issue.
In the Inter-Collegiate Union there, isa near-dendloek. (On, the Moaih" snd""Gocen'e hived sat first day of play Western just bea!
Toronto; next Queen's defeated Western, while McGill came from behind in the last minutes of play to down Toronto; then Western beat Toronto, and McGill and Queen's fought, to a tie on the latter's field, 'The race between Queen's, McGill and Western is still an open one, although the first-named has the' edge by virtue of being undefeated.
In the middle west the Regina team shows that it has, lost none of its strength, and on the Coast a new team, the Vancouver Athletic Club, is giving evidence of rei football ability. At this early date prediction is somewhat venture some, but your correspondent would select: the Montreal A.A.A. twelve to win the Dominion ti Tue following cablegram received by' the National Christian ina om Sunday provi "Federal Council. of
Text read from the printed page and cleaned; old type leaves the occasional error.