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FUR-FARMING IN CANADA   53

per cent. per annum can be utilized. Thus, it will be several years before the supply will meet the demand, as it is sure to do eventually. If the investing public can be made to believe that future profits are assured, it is human nature to ask as large a premium on the shares of fox-ranching companies as can be obtained.

The stories of the predilection of the nobility of Russia and of
other countries for expensive furs like silver fox, sea-otter and sable
are mostly drawn from the imagination. The current story that gold
is tipped on silver fox overhair was unknown to any of the furriers
interviewed, some of whom have been purchasing furs in Europe and
America for many years. The story of the Royal Russian furs is
doubtless derived from the fact that certain sable and other costly
furs were formerly given as tribute to royalty. Ermine happens to be
a royal fur and is demanded at coronations and great court ceremonies,
yet it is stated that much of the so-called ermine at the coronation of
King George V was really rabbit. The best customers of silver fox
will be fashionable ladies who will use it in trimmings, stoles and muffs.
Because of the removal of foxes to new ranches in

Number of Foxes September, October and November while this invesin Captivity

Ligation was proceeding, no very exact data could be

procured regarding the number of silver foxes. The following is an estimate of the number in captivity in each province in October, 1912:

FOXES IN CAPTIVITY IN CANADA IN 1912

 

Silver

Cross

Bastard

and Red

No. of

Ranches

P. E. Island    

650

150

1,000

200

Nova Scotia   

32

30

150

13

New Brunswick    

30

10

50

8

Quebec   

40

10

50

6

Ontario   

30

40

150

14

Other provinces and territories   

18

10

50

 

Total    

800

250

1,450

241

The silver fox industry is centred about the following points: Alberton, Summerside, Charlottetown and Montague in Prince Edward Island; Port Elgin in New Brunswick; Piastre Bay on the north shore of the Gulf of St. Lawrence, Quebec city in Quebec, and Wyoming in Ontario. The number of silver foxes within driving distance of each point is approximately as follows: Alberton, 300; Summerside, 200; Charlottetown, 100; Montague, 25; Port Elgin, N.B., 25; Quebec city, 20;


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