The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-11-04
CANADIANS PLACE
EMBARGO ON SUGAR
Arrival of Cargoes Soon at
Vancouver Will Relieve
Shortage.
RAILROAD PLAN DEBATED
Alternative Proposal Is Made
for thePurchase of the
Grand Trunk.
BY q STAT Correspondent Of THE Sun.

By q star Correspondent Of THE Sun.
. OTTAWA, Ont, Nov. 3.--An embargo
7 exists on export of sugar from Canada,
according to a statement made by Sir
f. George Foster to the House this after
!, noon. That embargo is being strictly
enforced all along the border in order to
prevent shipments and trading. Relief
IL In sight by way Of arrivals of raw
sugar cargoes at Vancouver from the
West Indies. only In cases where pre-
vious contracts exist is there any re-
Taxation of the embargo regulation.
Martin Burrell. Secretary Of State.
member for a British Columbia seat, is
to be appointed to the Senate. So also
will Col. Gerald White of Renfrew. Ont.
\ The other two vacancies will be filled
from western and northern ontario.
They will be needed when the Grand
Trunk bill comes before the upper house
and also on prohibition legislation. 1t
+, is known that nine regular Government
supporters will bolt the railway pro-
posal.
Standat Labor Conference.
Correspondence tabled in the House
shows that the Government took firm
ground respecting Canada at the big
labor conference in communications with
, Lord Miner the British Minister for the
I Colonies. 1t was set forth that Canada
in exports was sixth on the big list, sec
1 ond In water power developed and being
constructed and first in area, railway
mileage and telegraphs in ratio to pop
ulation. A marked advantage over
Spain and Switzerland was claimed in
resources and general development.
But the colonial status DOGGY was too
strong. This Government proposes to
stay with the fight all round for ma
uonal status In internal politics and
diplomacy and It is difficult to see how
{ the ultimate logical goal OF indepen-
dence>c can be avoided.
Supplementary estimates for $4,000
900 were brought down to-day.
Members and Senators who had wan
dered from home are arriving back from
east and west on call from the whips to
save the Government on the Grand
Trunk and prohibition issues.
: Frank s. Cahill, member for Pontiac,
= Quebec, made comprehensive proposal
as counter alternative to the Govern
ment's Grand Trunk plan during the de-
bate In the House on the third reading
OF the bill this afternoon. He submitted
three tables. the first showing the entire
capital stock, guaranteed. preferred and
common. par value of s241.25765s, listed
on the London Stock Exchange as quoted
Z in the London Times of October $40.
: the day the agreement was made with
the Grand Trunk for arbitration at a
market price at value Of s5S.391, e71.
: The price of common stock is only on
a total of $116,5s3,124. The guaran-
teed Is quoted at as and the three pre-
: ferred stocks at so. SIN and 20.
Stuck Much Under Par.
The ta..l funded debt Of the Grand
Trunk in the form of debenture stock
Is $155,37a,S06. The market value OF
that stock on the same date was only
s101,7S6.330.
The entire Grand Trunk stock IL there
fore worth on the market s160.17S,3oI
az against $3s6.681,46 authorized value
Mr.. Cahill put forward that value al
fair to all concerned and wanted to know
why the Government was going to pay
moro than the stock was worth.
By another table he indicated that by
purchase Of the entire debenture and
guaranteed stock at market prices for
S12s. 76s.662 a net saving OF $s6,437,47s
would be effected. On that investment,
the Government could pay interest a,
Sh per cent and save s1s51,302 an
nuelly. as compared with the proposed
plan before the House. This met the
argument Of Mr. Meighen against Dor.
rowing money ut high rates Just now.
The Government plan is to pay PAL
value for the entire debenture and guar
anteed stock. amounting to s21s,207,1ss
and submit the preferred and commoa
stocks to arbitration. Mr.. Cahilrs pro-
posal would buy the entire stock fos
&f,441,361 less than the Government plar
will pay for the s60.s33.Ss2 alone. H,
Is satisfied that once the people know
what is being put through they will b:
incensed against Parliament and the
Government.
With reference to the coal situation
m Canada acting Premier George Foster
states that he anticipates the same con-
sideration will be given to Canadian
needs as in the past by American coal
operators. The Fuel Controller takes the
same view.
Depends on America.
Central Canada depends for it's coal
supply on Pennsylvania quite as much
as New York In normal years Canada
imports 100000 tons of bltuminous
and four of anthracite. In 1917 and 1918
It reached seventeen and Ave million
tons Three-ffths OF that imported coal
Is consumed in Ontario and Quebec.
The total consumption of coal in Can.
ada runs to 100000 tons a year. about
100000 tons being produced from the
Canadian mines The railways require
NN9bout 100000 tons and Industries g, :
10000 tons. From Winnipeg and west
the railways are supplied from Alberta
and British Columbia from Quebec and
east. from the Nova Scotia mines. The
long haul from the far east or west
mines is too far to make II pay to bring
Canadian coal into central Canada
There is plenty OF the material but the
cost of freight Is prohibitive.
The exports of Canadian coal in 1918
amounted to 1,733,150 tons. most of that
going to the New England and Pacific
coast States. The miners OF western
Canada are In the United Mine Workers
Union. but most OF the eastern miners
are In local union. Difficulty may
arise over plans to supply ships usually
coaled at American ports. but that Ii
no certainty.