Los Angeles herald., 1906-11-11
HUDSON BAY CO.
SHARES AWAY UP
FOR THE FIRST TIME THEY
REACH PAR
Prosperity Owing to Large Grants
Western Canada Made Thirty-slx
Years Ago-Every Year Makes
Its Unsold Lands Better
BY w. HAMILTON RHODES


| Special Cable to The Herald.
| LONDON, Nov. 10.-For the first time
on record the $54 shares of the Hudson
Bay company have touched 100 and are
quoted at even more than that figure.
| This gives a valuation of the company's
capital, which stands at $5,000,000 of
$50,0000 900.
The company's prosperity is entirely
owing to the large grants of land 1t has
| obtained in Western Canada owing to
the bargain it made with the govern
ment thirty-six years ago. Under that
bargain it has received a total of $685.,
006 acres of land in the provinces of
Saskatchewan and Alberta. OF this to-
tai 1t has sold over a million and a
half acres. but there Is still nearly
$5,000 900 of the purchase money to
come to the Golfers of the company.
The remainder of the land Is yet un-
sold and every year adds to it's value
in view of the marvellous progress the
provinces are making
Yet another visitor to London, this
time well to do American engineer,
r. H. Howard Of Virginia, has been de-
frauded by the confidence men,"
Mr.. Howard was standing on Hol-
born viaduct. admiring it from an en-
cheering point of view, when he was
accosted by stranger, who. speaking
with strong American accent, said
Il guess, stranger, that you. can tell
me the way to st. Paups cathedral, and
does that road lead to Blackfriars?"
Won a Lawsuit
After a few minutes conversation the
stranger, who gave the name of Wat
son, informed Mr. Howard that he had
just won a lawsuit in London which
was worth great many thousands of
dollars to him.
While he was hard I'm and waiting
for the result, he continued. a gentle
man whom he had met had befriended
him and lent him $25. He was going
to meet him that morning at some hotel
near Blackfrlars bridge to tahnk him
and repay him. But "he could not, for
his life, think of the name OF the hotel.
1t was the something Castle"
The two men then walked together,
and at length came to the Baynard
Castle Queen Victoria street.
What a strange thing that we
should have struck the place in this
way" said Watson" "Come in and
have a drink and we shall meet my
friend In minute or two a fash
ionably dressed man entered. whom
Watson" introduced as his friend,
Mr. Murphy" the gentleman who had
befriended him.
WATSON" then asked Murphy" if
he would oblige him by accepting $3.50
in notes and have a drink with his
friend, Mr.. Howard. Murphy" re-
fused the proffered $3.50 and also re-
fused to drink with Mr.. Howard on the
ground that he did not know him and
that "Mr. Watson" had only just met
him. He might be an adventurer.
Buncoed Him
The usual challenge, Let each of us
show that he is a man of substance"
was given and Mr.. Howard accom-
panied by Watson" went to Messrs.
Cook & Son. Ludgate Circus, and re-
ceived four $25 notes in exchange for
a note of credit. On their return to the
Baynard Castle watson" and "Mur-
phy' worked the ordinary confidence"
trick. When it came to the turn of
the two confederates to go outside for
a minute with Mr.. Howard's money, of
course they did not return.
The amount is not significant, but
the Scotland Yard authorities say the
men are wanted for numerous other
swlndles.
The London Daily Mail Is conducting
q bitter war on the so-called soap trust.
Says the London Daily Mail editorially:
Though the great soap trust is now
only few days old, it is already pur-
suing the manners and methods which
have aroused such just and widespread
popular Indignation In the United
SldleS. 1TlCeS nave Deen drIIully rdlSSu
to the public, not always In a straight
forward manner but by the subtler
process of diminishing the quantity i'm
the packets and packages and giving
the ignorant consumer fifteen ounces,
or even less. to the pound, though IN
many cases the lighter weight is sold
at an enhanced price.
"The American experience of trusts
leads us to look for the squeezing OF
the small retail trader by the soap
trust In America firms are compelled
not merely to sell the trust article, but
also to sell nothing else. The Standard
Oil company, for example, has build.
ings ready in most American towns for
the retail sale of oil. in case the shop
keepers prove recalcitrant TO its gentle
persuasion, Where, the retailer sells
other oil and persists in selling It, the
trust opens store and undersells him
till he Is ruined and forced into compli-
ance. When its yoke is firmly riveted
about his neck the price Is put up TO
him. The trust sucks out the profits
which once went to him and he Is ut
terly helpless"
BIOLOGICAL SECTION TO MEET