Monday, Aug. 30, 1926

Notes

The Hudson's Bay Co., British joint stock association, which from 1670 to 1859 held exclusive exploitation rights in what is now Canada, still endures. It still remains the sole contact with civilization which many a far north community has. Last week it acquired the trading rights of Moravian missionaries among the grim fishermen of Labrador, bleak 400-mile fringe of northeast North America. Recent explorations indicate that the Labrador hinterland holds high hydro-electric power stores.

Shriven Banks. Nine Georgia Banks--at Cornelia, Demorest, Clarkesville, Ashburn, Hazelhurst, Whigham, Cochran, Sycamore and Lakewood--resumed business last week. The failure of the Bankers' Trust Co. of Atlanta (TIME, July 12 et seq.) involved their funds, forced them to cease operating a month ago. Now they have told over their troubles to state bank examiners, have been shriven, declared solvent.

General Motors contributed to a slight extent in stabilizing the credit of these banks. The corporation, with $190,000,000 in cash and securities on hand, has sent funds to Georgia under its policy of deploying fluid assets.

Canadian Hearst. Last week Sir William Howard Hearst, lawyer, onetime (1914-19) premier of Canada, arranged the consolidation of 22 Canadian department stores into a $10,000,000 chain, the Canadian Department Stores Ltd., and became its president. He expects it to operate from coast to coast.

What Have You? Those who like to rummage among the odds and ends of statistics may have full enjoyment for a season. The Department of Commerce's report of 1925-26 foreign trade is now published. Among the $4,753,000,000 of exports and $4,466,000,000 of imports there were for example:

ITEMS EXPORTED VALUE

False Teeth* $1,286,838 Corsets 2,061,126 Peanuts 302,241 Pushcarts and Hand Trucks 215,645 Phonograph records 1,949,999 Cosmetics 1,441,348 Fly paper and chasers 200,000

ITEMS IMPORTED VALUE Golf Balls $1,000,000 Pipes and Smoker Doodads 2,000,000 Caviar 305,954 Lobster, Canned 2,464,208 Citronella 917,856

*"Artificial dentures" is a more precious term. The number of teeth was 29,412,243, enough for 919,132 full sets of 32 teeth. Each tooth brought 4 1/2c, each mouthful $1.40.