i

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OCTOBER zetim

.:;,

RD

1311f.‘ _Q'IARMY_FI'E'IUWN_ GUAKQIAIN

cKafi BOND QUOTA TIO

PAGE liivs

MARKET .

_._,..___. s I

' my realism. allall‘)wlfll'G spssiai‘

' asqnriirm aasuxnr nus-ran

NEW 011K. N. Y.‘ Oct. ilk-The market rallied modestly in the‘ early afternoon and Just before thp close. advanced sharply un.the announce- ment that the District of Columbia

Court had declared life Railroad Ba- d

tirement Act unconstitutional, Balls, of course, showed the sharpest gains but the whole list recoveredon the ‘news. The added costs lin osed by this act had been a cause o concern to railroad executives and the pos- sibiiitics of similar charges being im- vgggd an industry in general by Con- rcss next spring may have been a actor in recent discussions over tbs outlook for refit margins. » lf further mprovement develops to- day, another bullish signal ll be given under ths Dow theory. lAldlaw and Compaly.

spartan!

NEW YORK. N. Y» Oct. Zii-Widsn- ing of the economic boycott of man goods will bring downfall of Hltierism by next spring, Walter 1d. Citrlne, I sident of _. l ternationai Federation of Trude Unions and 59¢- retary of British Trads Unio Con- gress suites at Anti-Fascist rs y.

Bethlehem Steel earnings after 8 p, m. today.

Rates on bankers acceptances re- duced 1-10 percent on all maturities up to and including 120 days.

United Gas Improvement Company declared reguiarlquarterly dividend of

00ml 0n common.

Reading Coin any Sept net operat-

ing income 3 .295 vs. 81.465300 in Sept, 1083. Air Reducticu Inc quarter ended Sept S0, 1038, nel. profit $800,368 after chsiggs eqnni to 81.04 a share vs $1,- 210. or $1.46 a share in previous quarter,

Southern California Edison Co 0 months ended Sept d0, 1034 net profit $7,774,334 after charges equal to cents a commonahsro against 884M708 or 07 cents in first 0 months 1038.

Pacific Lighting and subs 12

->

months ended Sept 80, 1084 net in A (ZHICAGO, Oct 15- il 04% ii-i

come 9.008.818 after charges a.com-, Wheata-S". . . . . §f"m'“ KM“ .. 10d 10622

mon share against 8 ,8‘! a com- 3|“, L." , mcc Auto Lite Co 25 241,5 mun share in l2 months ended Sept] December .,, .,, .. 08 M14 0B m I’: 7°" m!" 4% a

B0, 1038. ‘ .,, .. . g: rast-fi-él-ht-drk‘... 18% nin- my laaot ‘Up m " " ggziwifzhff! c1

" _ 3:20 Gen Eiec . .

o 325s

l0 Bonds ... 93,88 12 29M,

Dow Jones. 171,5 10

BANON SAYI 20%

~ . IV

MONTREAL, Que, Oct. 25—A rally 42% 4:51, 4:1,; is“ above 00.36 in the lndustrials vroirid I u 0 confirm the strerigth shown by the WINNIPIIG, Oct 25- rnfl g," 33' carriers and would be followed by ro- . Wheat;- rm T“?! 24

sumption of the advance, In nny ev- Joh l‘! '. 111;,

snt. tho s rength shown by the Bails 09¢ _ Knnillc“ "as 41s‘ justifies t e view that little risk Dpg- Kelvin“); p

would he involved in buying issues in May Ken‘ Co r v 15% this division. To present holdi lng- 0a Lambert“ ch- 17 gest lyon add at the cpwlns- Wth- Oct rump“, ‘be; B '27

ern acific, Atchison, Lehigh Valley. 99¢ n)“; I - 5 l 1021/ ~- " . May , * I "vow 2o

GOSSIP’ i.

‘sis. golds rallied yismasy, umiuir

however, has occurred to alter the view that lowsr ‘prams ll likely ba- seen in the gold s 're

s,. An "forth rallywrhich may 45-1.» is ,llkely t: be and should be accepted

SD , , . i-i."‘u‘i"..‘?°:l"i‘ii"°£.fii‘“"‘°'i"i2‘; ‘°""“°"" “H. ..“‘..i°""‘".. . Hughes has iii-so l ps3: “slum-a. “d m‘ u“ usual

continue to buy in eraotiy on s seals own. - , " Balsa.

IULLIIII \ oil"! Ill‘ President's pooch lat’ iiic ———— doubt will ar.onaa_som'e‘ negcosrap: ‘ iuent. as more. co-operation between Aiir Bod‘... 10b banks and government no doublt ‘will Allied Chem 12'! develop which is hound tebe helpful. Allis Chaim . 18 Th". of course, is Just one. phase of litl- Bet .~ 2f the problem, 102 ~ l0. AW. A 1g HOKTIIAL IOWII l 11g The current reeossi i If ,1 I4 Power starting ‘ in‘ ‘Inga, ‘I084 yenstgll- wit‘ iished a iew _of 3p in Jul; A "p. 1)], "iiueilt raiy reacting s proximately 11o *0 "I followed w. one er . decline so _to the year's low. - 101/, That the year's low-his jbeen able om to hold on the secondar reaction in - 24 the h" o! wualdmbmli uidatiou is 1 "ma" ins and nurse ts in: Power 1s is build ng up a final ottom. This is (la by no means certain, however. since 12% the trend, strictlfi speaking, is still 21 down. Further se lng, if it develops, .. 17% is not likely to carry it be)", g1_ n lyars A l! m is, therefore, safe to assume that Burr Add Mach 1414 most of the selling in Power has pr-e- Con Oil . 162 147,, blblr been completed This coupled Can Dry om Ale .. 1m 15% with the m: nine tiis lasue is new in an rsc , . . 12% 12%

I Pflltivelvdow am would Justif partial bdyinl of Montreal Power oz a scale down, with the reservation that accumulation of the line would be completed when action turns definitely bullish. Banoa,

(Johnston ald~ Ward)

A ‘m'Ana AA g ‘gav v

s. pep word; in Ilriarriasa Notices.

Splrilllll Offerings, ‘villa!

par inch; iletiera ol

word Other ratuu on uppIieatisI

,e c, Qvéwévv‘

3AT5;_m pea word, flares inser- tions for the price of 1W0. "PM"! payable lra advance.

Agents‘ Wanted

AGENTS! CANADA'S "CELEBRA- ted "Royal" Series Personal tmss Greeting Cards. Dollar a omen and up. Splendid 11mm- Expcrienoe or capital uun :- 11" 4011s;- sampie book free to workers. . Bradley -

Brontfoid, Ontario. 11-1459-10-16-121.

Miscellaneous

PIS-REEVES. QOUTIIPOBT FOR _

u Stock. ursealiiflii-lil-F-S-M rei- 1s wks.

I-‘URS—ALLm1gNDl5n:1dAn5~_§E' paired, rel . N! - tion guaranteed. Mrs. Mai-id"

Brown. di Elm Ave.. L-l5l1-10-Zd-1l

OPPORTUNITIES IN name-AVIATION

new COURSES Avail-ABLE Many advantagvs to atudyins Wn-h an approved Canadian QChOOl- Radio College 0i Canada is en-i durfard by leading manufacturers, ‘pd. Govcrnruent Officials. _Our representative is in 1°)" 415mm‘ now. It will ‘pa! v0“ W “i,” Box G-liii and arrange to “meet i~'~\ vw-sonriiir. T-flfil-IO-el-l- ‘

Advertising liates-Payaiiisiii Advance .

Central Gaardlan locals. do par wsrdg Wooten and Eastern lseals, 8e per worsl- Announcements sad ce-ins Ivsnfs I

lsiiiimain Charge for any advertisement lwlltl-"VI °lilll~

FOB. SALE

so prr word: Clsaallied ‘lac per ineli lslata us Floral and Letters o! Condolence 10c

. ‘We; peg idols ‘if-dc. ' par

For Sale

CHEAP. A HOUSE. Apply at Guardian. , . ' i‘..-1424-i.0-28-6i.

CARDBOARD SUITABLI ['03 lining outhouscl. etc. 1c per ‘sheet. Guardian Office. tf.

SECOND HAND DRIVING WAG- T,

P. Walsh. Mt.

for sale. ‘on L-l505-10-2d~1‘i

Stewart.

roar saw _ unison mono- . A l 68 Powusi Street. ‘in-Mm pp y L-1470-l0-24-8i.

iron. BALI; - AUCTION I081‘!- Five, Bridge and Whiat Scorn Cards. Guardian Central Join ’ Printer-y Nov. l-ti

DOGS son sans-row rox terrier pups. Six weeks-old. Pe- mslcs. 05.00 each. Frank McKay

East Royalty. ‘ L-IBM-IO-ifl-iii

F05 Sn: — A 153N388 OF hardwood glucose barrels with cov- ers, capacity about fifty gallons. To clear quickly, price one dollar each. Sidney '1‘. Green b Company.

. L-2448-l0-2i-3i.

y

Male Help, Wanted

Wanted l

was lJEi) - ransom mun run. 11o Prince Street. 51406-104540 L-

wAN-ign ._,A QUANTITY 05, empty kegs at once. AW‘! W B a Michael or phone 1107. 1M5-

WANTED-l win. vans A mun to board. very WNW“- or an aged person needinl “"4 Good home. Mrs. Eerie Reeves. Kensington. 14-1558-10-20-11-14

Boarders Wanted soanpsns aooonnonarlh

t 157 Prince B81180. ' ‘ L-IBVI-lO-M-Sl

Lost

toss- satrwssn norm! sill- tioo and. Martin, a raincoat. M!!-

Female Help Wanted

mun warrrso-ous“ OAK vices at hens. ' will“ Office. a '0 imo-ao-u.

Extra Mon" ~

car-snow. u... ro wonx on. farm. Autos mes ldllton.

Toilet, '

Power's market '

. Stewart Wurnernp, '

Hriae-io-as-ai. B

Y’S STO

Y. i Stock ' Exchange

' 0 nus’ “ti; “to...

-_-_-

N .. Nfll Dairy Prod Natl Pow Light New Haven , New York Cen ., N Ani

Rep irou'Stcci Safevniy Storm! . , , , , , ,, Sears Roebuck Simmons Co . Socnny Vno South l"ac . South Rail

Stand Brands Stand Stand ll Cal Stand Oli N J

St debnker us Co Texas-Gulf Sui .. ;i‘im Roll Bear

imp U S Ind Al . ll S Iliibhcr .., ll S.Smelt .. ll’ S Steel

Van Steel . Warner Bros Co . Warren Bros . West Union West liilec Woolworth Co Worth Pump

MT’L. CURB

(Johnston and Ward) 0

Stocks L"; Abitibi .. Assoc Brew 1g Beauharnois . us; Brew Corp Com 5 Brew Corp Pfd . 24 Brit Amer Oil .. l3 , Can Bud Brew . 0% Csn Melt . gpa Can Wine {g2 (‘on Pep 125 Dist Sea 13a‘ Dom Stores 1 Iord of Can A 22% Green Sinbell 4a ome 0ll_ 1n nip Oil 15y; m ‘lob .. 11% Int ‘Pot ,, zg

m oer-nous: as s BBIGIION §v§="k“i§. "i; .' w” I

3°“ m“ mwf-‘finlfiifii-e. $353? 5;?’ got“: m nun-nous: ‘consume . nonruii§'i“'8.'. $211.’. ha"... r M“ Mm “verve; is": :-..1i'.:" ::%.i:.::..i"‘ .’.'."'...:: °‘""' m” °""‘““" "" ' "i". .153: ‘u-‘arii "r".'"'.. v." 0 l . p

TO Ill‘ -— SELF’; fitcizr-elslfios firm lwithph: gang: J1

mmesumivane nun-Apply "I wr-

mlliiw" Bimi» bwwmfi‘ psmnwtizhflleid nllilltfiégtlrliliulll.‘ rigid‘;

Ion BINIHIUINISIIO IIOUSI

fortwintsr. board for .a . , - -

M W,’ n-im-io-su-ei

uonr iiovss Iu-Inlflgg. Hot wsterwhsat- , e ill rim w

m‘ ' n-iroi-io-a-a ro he .- owaumo noosa. is asst (leer-gs Street. all and"!

2 Issterday. The pit had a s atten- dance with signs of domes ic busi- nels developing. The American metal sellers slain‘ tiaa opening out e angs on en ay, rs o

their ssiiins orders had been grim- Desnibs: futures, with i‘! contracts u’ trs ed in gaiged I0 points at

to M?" llarc after an open- eali of .'.' no eo SL8 touched a

a h vol wit: s rlss of l0 at 54.05 h ll. .

efsoloo

Mfliikiii ixciiuoi

(CI. By Guardian's

MONTREAL,- Octw 26—A!ior a steady tone bad prevailed for the ma] ty of the session. iistingson the ontreal» Btoek hobs“! mov- ed intg lower territory today. Salas volume was light wiflrspproxini- ateiy 9.600 "shares changing hands.

Movements were narrow until late in the day when the reaction

56 in the final half four several issues

had small gains turned into losses.

Dominion Coal f) was a late what spot with a loss-of four points at 101 while Consolidated Snieiters also weakened in the last half hour with s. drop of three points at 18's‘. Royal Bank declined two points st 166.

International Nickel lost 5-8 at 28 3-8 while Montreal Power was down 1-2 at 3i 1-4. Canadian Ps- cific Railway 1-8 at 12 1-8 and Brazilian Traction 1-4 at 11 8-8. Canadian Industrial Alcohol, Steel of Canada Preferred. Shawinigm Power, Hoillnger, Cement and St.

Lawrence Corporation were down gh

small amounts. .-

Among tiie issues -t0 advance fractions were l‘ inion Steel and Coal "B", National meweries, Mc- Coll-Frontensc, St. Lawrence Pa.- per Preferred; Dominion Bridge, Cernenet Preferred at B. C. Power

v “Am

Massey-Harris. Dominion menus. Dryden Paper. Canada Steamship and Sherwin-Williams held un- changed at previous closing levels.

Sales 9,583 shares; bonds $16,450.

EXCIIIA zvcz

(Canadian Press)

MONTREAL, Oct ‘JIS-Brltlsh and foreign exchange in relation to the (‘onuiiian dollar as compiled by the Royal liiink of Canada, closed today us follows:-

Argcntlnu peso .2561.

Australia pound iifitfi.

Austria scbiliing .1507.

Belgium belga .2201).

China Hung Kong dollars .4038.

(Bzcchosinvakia crown .0412.

Denmark krone .2182.

France franc .0048. '

Germany reiciisninrk .3050.

Great Britain pound 4.8180.

Holland florln .6138.

Hungary pengo .2049.

India rupee .3600.

Italy lire .0342.

Japan yen .2841.

New Zeaiand pound 3.8951.

Norway krone .2453.

South Africa pound 4.8070.

Spain peseta .1344.

Sweden krone .2319.

Switzerland franc .3208.

United States dollar 1 W-iiflycr cent discount‘. -. ' ' ‘*' " '

NEW YORK. Oct &$—l4‘dreign ex- change easy. Grout Britain high 4B8 if?! low 4.06%; close 4.91%: U0 day

lla. 4 00%; France 6 iii); l iy R50; Belgium 23.30; Germany 40. ; (hin- udn 1.02.

(Canadian Press) (‘losing exchange ratea:— At i\lnni.reill—l’ounii- 4.87%; U. S. dollar ilfl ii-JV“ franc (3.48. At New h fk—l’ound 4.07%; Can- udliiu tlflllllrfl 02; franc 6.60. At l'nrls-—‘l'mind 75.46 fr; Ciinnd- S. d

‘é ian daiinr 15.46 fr; U. oilpr 15.13 fr. lii gold-Pound 12s 2d? (‘nnndinn ilollnr 00418 cents: U. s. dollar 50.41 cents. J

1v. icgums

(Johnston and Ward) Opened

Stocks

a ' n .. .22: . - Atucr Sup Pow .. liiflgucwnterl‘ Atlas Corp ,, 01/, “In m“. cums SCH’ Co iuiim," 3m‘; (‘ord Corp . SYYHNHHH“, liliec BoniLSiiiirc 0% Numndag Hum Oil lief Co 40 yo,“ C Imp on mu um. o,“ o“ inter Pet ,, 2i) . gamut", Niagara Hllll 4 4 p" Cob Stand Oil ind . .. 24% 23S’), plume‘, Un Light Pow A . . . . .. 1% 1% Sunni‘. L? l'0I If ° Pl ~ Brave WIIIdS In 3.2‘; gin}. _ eno 0g _ Search of Fish grriit. herritt . . . . .. _'“— si (Canadian Prue) so-iftli. Tib PORT or- sram, ‘Trinidad, Oct. “gmgntgm 25—An expedition into wilds o.‘ 5,"; Bun,‘ British Guiana in seaich of new“ Sud Cont specimens of fish will get under | gYllfiliiitfi ww as soon as preparetiom have, T':¢k'",'§ _ been completed. - iThoms 0481' , g Headed ir; P. L. Guppy of the Yemeni m, ‘Trinidad Field Mimi-sluts cum ,§,'{,",.'§,,,‘,'““ ' " so sndsuiemberoiftiie Museum com- lvhlte nsi-"j." ' ' 7- uiities of the Royal Victoria In-llvliisey c _'_"__’_j j '2 stitute, the collectors swim only Yr _, soo

the arrival from New York of Mr- Guppys partner, Albert S. Pinkus

5i s member of the ‘Tow York Mus- B.“

cum of Natural History.

The breeding of‘ usual fish hes become a popular hobby and many of the specimens gathered on the trip to the interior" of British Guiana. will he used to meet the demand in the United States for the supply of private aquariums in private homes.

One of the most popular of these

small fill is the "Guppy" so called, [Ab

after P. L. Guyy's father, who sent the first mecimens of this fiah in England. Dr. A. Gunther of Britta: museum applied this name in 1059.

l

Gum and Pinkus returned ie- ,, oentiy from British Glians with '

several So Koo

were obtained for Dr. Raymond Ditmsrs; curator of the New York logical Gardens. The collection

tfleltlng of

only

bhnfilfl

smpsssavé-ieoissnpoomiiirmfm‘; mo. s»: and plumage moment

‘I. palaehoftbe Prairie

to be found m misuse mi-

black. "When hand-raised they are ‘M’!

commie tame and piayrui andiheir antics All "warmth! on My 81 1M

ale very smusim."

u“ Albee

Mifz. Stock Exchange

Stock ‘Exehaags. Isntrsal Carb Has 5'1, l)“ llela-aad ltrsai, Cllllllflfir- n.

Opened Lad Bras '1' L Pow . 119$ B C Pow A ., 23 B C Pow B .. 5% Can Bronse 24% Can, Car Com 1 Cari Car Pfd 14a Gem Com d Can Cam Pfd 48% Can 1nd Al 8 can nd si n w, Can orth Pow 18 Can Pse .. 12 Cor Smelt 1.82 Dryden Pap 4% Dom Bridge _ Dom Coal Pfd 101 Dom Steel Coal B 4 Dom Tex Com a3 , Gen Steei,Wsres 5 Holl Gold Mined 1015 lntl Nickel 23% Inti Pow- Pfd .. 25% Lake of Woods 11 Massey Harri . 8 McCall Front 18% Mont Pow 31% Natl Brew 29 Nat Steel Ce;- 15 Power Corp 3% ueiwc Pow my, aw - . . . . ,, 1S Sher Williams .. 121,4 Steel Co Con Coin .. 80 Winnipeg Elec .,, 2% BANKS fiommcrfe .,, ....s outrrn gm Nova Scoti ,, oysi . . . . . . . . . . .. 1B5 (Canadian Press) TORONTO, Oct 24- Stoeks mo“

Acme Oil .. A

Common Coninvum D- Mines

Eldorndo

Total sales 361,666.

[Cap Rouyn . Oen lfsn IChurch H ... Dal Oil . Dom Kirk

NEIYBRK

Y. bei- i-epOYt.

,6 of the midnight sun. But Antoin- ette didn't. know mudii about it all, be

EXCHANGE

(By Frederick Gardner) (Aloelated Prom Financial Writer) (LP. By Guardian's Special Wire)

mow YORK, Oct. ao-Jriie stock k ‘ treated hastily today sf- ter efforts to extend s rally had encountered stiff resistance in early

trading.

Reaitiu in the way of lower “mm; by mnjor corporations and profit-taking in rail shares follow- ing their sharp advance in the preceding sessions offset better mung gwngrnfgd by President Roosevelt's address to the Ameri- can Bankers‘ Association.

Weakness cropped out early in Oonsoli ‘ ’ Gas on a dividend omission by one of its subsidariee. the New York Steam Cofp- 1i spread later to most sections of the list. Rails yielded the greater part of their rally gains.

With trading brisk around the opening, as well as on the decllllé in late dealings, turnover expand- ed to 1,028,070 shares, the largest in two weeks, compared with 772,300 yesterday. The Standard Statistics Co. average for 90 selected stocks dipped 1.7 points to 70.9, more than eliminating the gain on the pre- vious upturn.

Traders switched to the selling

SSSIIISDCC.

side of stocks after the market 111d failed around the opening to get-I through the upper confines of the narrow range it has occupied 1n re-V cent. weeks.

Except tor firmness in high.“ grade corporation bonds, the rc- tmit became general. U. B. Gov- ca ment bonds eased off. Wheat dropped 1 5-8 to 2 cents a bushel and cotton lost 46 to 55 oents a bale.

Enthusiasm for’ rolls cooled ov- ernight after further consideration lied been given to the federal court decision holding the railway pen- sion bill unconstitutional.

Among prominent indnstria-is, U. S. steel, Westinghouse, Bethlehem Steel, General Motors. ohrvsler. Montgomery ward, sears Roebuck, Union Carbide and Allied Chemi- cal finished about 1 to 2 points lower.

Consolidated Gas sold off 2 points and within a. fraction of it; 1934 low. Aside from the fell- ure of its steam subsidiary to de- clare a dividend, the parent oom- pfltiy reported third quarter earn- ings equivalent to about seven cents a, share tempered with 34 cents in the corresponding period last year.

News that Bethlehem Btcei direc- tors had not continued the $1375 dividend declared 0n the preferred at the previous meeting did not come out until after the close of the market. The stoclc closed 1 3-4 lower. In contrast with the mod- crate profit shown for the second three months Bethlehem reported a deficit 0i’ $2,400,\‘26 for the third quarter.

The General Motors third quar- also published after the close of the market, revealed net earnings equivalent to 48 cents n. share against 71 cents in the September quarter, 1933.

President Roosevelt‘. address and other ‘developments at the bankers’ convention evoked friendly and favorable comment in financial quarters. But it was noted that the questions 0f a hlanoed budget and currency stabilization had not been .- wercd definitely and that the American Bankers Association in oi resolution, had coiled for a balance between government income ondi expenditures.

Month 011d Billie Travelling By ' Plane and Train

(Canadian Press)

HALIFAX, Oct, 25-A tiny baby, Antoinette Crowley, is safely rest- ing in her new home in farnorth For Chipewyan after jourmying across iiheoontincxrtwlth herinoth- er by train and plane, covering more miles than moot Canadians cover in a lifetime.