k."$'_‘-' ‘Jus

. same period last

" ' r1111. ;§._193s

MARKET

(By Joluuion and Ward's Special . y W1") .

11011111110 unnam- barren

NIIWYOEK, N. Y. April 3- Tho market (inn to trac- higher ycsifcrday until late afternoon when selling in fair volume cbveloped that caused rat- her general concessions in prices. The reaction did not carry far be-' fore suqmort developed and ,, - ed to be caused by proilt taking when no real progress on the ad- vance was made earlier in the day.

Cofnoem over the failure o1 the grain market toopeu might have 0l'_Ei\‘(1 some ncs ousness yester- day, but. it did not appear to be s. veryimportant factor. Stock prices, however, (or some time have showed a rather close correlation with, the D. J. Commodity Index of which wheat is one of the oom- ponehts. ' ' -

The rail market seems to be looking forward to a favorable de- cision by the Svrn-cme Court Mich- daypsince earnings reports are un- likel to-rhow much improvement, oarti ularly those covering the oerlod a-itcr April first.

Laidlam and Corrniany.

‘ SUMMARY

NEWYORK, N.Y., April 25- Presfdent Roosevelt signed proc- lamation raising mint price for d-rnestic newly mined silver to 77.57 cents an ounce from ‘ll-l centsnProclama-tlcn stated that silver received from domestic mines shall m paid for at rate o0 $1 29 an ounce less a deduction oi.’ 40 per cent for seignolrage. Previous seig- noirage rate established on April 10th was 45 percent.

Chicago grain market re-opens

today.

Bani: oi’ England raw unchanged at 2 per cent. Gold bars 144s 5d vs. 143s l 14d.

United Gas clsred regular dividend.

Stewart in March quart-er n. share vs. l8 cents l year.

Air Reduction Co. Inc., in March quarter earned 1.50 a share va- $1.2l a shore in like 1934 quarter. Union Carbide and Carbon 001p. ma‘ subs in Marci-r‘ quarter earned 59 cents a- shore vs. 48 cents a uhsre in liioe pcrioci last year.

Improvement Co de- 25 cents quarterly

Wamcr Coip and subs earned 40 cents share in

urn. Low use ' on

so Ind . 110.1s100.00 100.45 0.01 a0 Rails 01.05 00.00 01.01 0.20 i0 Bonds . 95-17 ~14, I-Ii|l1"“bow*-'T1ut 11v . .. . . 10 um ‘. 10.00 10.00 10.00 0.1a Dow Jones. n/mou s/uzs MONTREAL. Que. April 16-

Btrength in silver, utilities and aviation issues failed to stimulate a general recovery yesterday. Both rails and industrial: closed slightly

lower.

Any further strength which may develop ‘in refipllll-‘le w m official silver price announced lasi- night, by Roosevelt is not likely t0 stimulate the market a sml defil- Probobilltios still favor some fur- ther correction. Immediate re- actions are not likely to be bearish and should oi-ier opportunities tor “WW1 mill‘ Amllifi on a W.’ Y- dipe lads) buy N. Y. Central.

accepted my Mills!“ W180.

icularly i1 sharp and wild. Re- mzatemsnt could be enrected on Bacon-

BAIING LETTIII. Wednesday Afternoon

"mow roux. u. Y. Ami 24- grain markets were closed t0- qwing to a big (allure o! Chic- Gram to iii-m. To that fact.

more than to mill. ‘W95 o! 3 cents which oc- yesterday. Its eflcct will he

9E?

is 5

A I 9"; v 8 iiiiiiiliilgll gssi“ ‘g a

is i i‘ é 231% .31

J-cfoeiag 10 1-2. Their hummus .

has improved greatly and its rela- 11 with the diesel

GOSSIP l

Illlbtly below 10. Fairbanks Morse 001d at 24. Buy it at or lustbclow 24. U. S. Ind Alcohol. ended reputedly when it was 37, and ag- ainuoundiikclcsedatltflold (or over 00. United Aircrait re. commended again yesterday n, 1: 1-3. sold It l2 1-4 closing It l8. Bl-lllslruviniowlsroriopomu. Rails are not likely to break this year's lcwseven lithe decision is uniavorable, ‘ r they might, closely approach them in time case. Most o! them will survive.

Baring-

BANONH “NOON LETTER"

MONTREAL, rQud, April 25- The strength in the market this morning is encouraging. but the uurent are; is likely to prove a barrier to sustained advance in the Industrials in the immediate tut- ure. Rails 1900111111911‘ ", however, may be picked up on dips. Roosevelt says that the $4,800,- 000,000 wrlk galls! fund will be spent or highway construction and the elimination of grade crossings, and in persons in stricken agricul- tural regions and a general pro- gram of rehabilitation oi rural Am- erica, electrification tor farms, construction oi‘ low cost houses in both country and city, assistance to white collar workers, continued expansion of the CCC, loans to counties, cities and states, soil erosion prevention and, reiomi- ation.

Dome acts decidedly better than average this morning. The issue is still tn a buying range. First quar- ter operations o1 the Republic steel Cm-pn were at the best level since the present company was formed in April 1930, as for as profits were concerned. Alter all changes for the period, neg am- ounted to 81.834335 compared with loss o! $1,266,270 in the Doc. 1984 quarter and net loss 0r $58,082 a year ago. .

Although the market position of rail shares has improved consider- ably they are still showing some signs of hesitancy, possibly be- cause of the decision on the Roll- way Pension Act still pending but not likely to be handed down next Monday. On minor dips buy, At- chison, N Y Central, and Penna R. R. ‘ - v

The strong buying apparent in Douglas Aircraft is attributed to expectation oi receiving a substan- tial order from the government in‘ the near future.

Radical measures would only handicap Canadian business, sum- marized Ross McMas-terfPnesldent c! Steel Co of Canada, at annual general meeting, pointing out that Canada's 1034 record cd progress- shcw! how unnecessary is govern-- ment intenfeience.

Caterpillar ‘Ii-actor's market action is definitely better than average and is discounting the e-f- fccts of Washington's spending program which is already being re- flected in the Company's business. Bonon.

\

IV. Y. Stoc Exchange

_ ind stry _ d coast i: to cell 1:111:11 fiat. _ atlli b! _ bought no or

r . MINING Mt’! Stock b <----- w» Excha e April 10-411mm; h I tbedlvorshlroo ‘dominaiodtlia( I mining action o! the ‘s: _wu||' u“; mwlwoptwloahigharclomwll 1.11am _'smn '1“ MW lllllulorld Rios 101- nut- l- - _ al lent trodsn steaming to flu ,_____, bwing side and the result was a ,. mbuuufermflnreatbat 1nd ‘Why ‘mu-l use 5°01! Olllbid HMO lllt Jill! M, 3 W! "In m1! l1! a ncnow margin. 1m..1‘%..'.'.;.' ‘I it?‘ :24‘: 111s turnover was LONMO shues Allll Chaim - - 181i 16% and. 01 this wui 1,100,000 shares §§l,,§"§m~_~- ~ - 1g l4 represented the tum in sis silver Am c1.- riihn"'..."'..il 12 ‘g stocks. Base metal; we" mo“ Am 0'0. Pow . . 3% and moderately active and the ‘m 12 golds slow and mildly weak. 2:} fiff, "m" 1g’ Eldorsdo, lip 31 $1! t0 2-52, Am Smelt Rf; 4311‘ had the largest-gain. The day's top All!‘ llusur . 02% price was only a cents higher. Ag $5‘, ‘f, ll 111,1,‘ Castle 010m 11 cents mm at 1.. 00...... ' fit‘, 3.1 1-33. Bear 8 8-4 cents up at 51 Mcliimn ' ' 41v. 42 3-4. Nlolulne 2 u u 2 11, Prcm- "M"- Am 21% er 10 up at 1.00, Peterson c0001: 3:‘: 83f,“ ,1”- 11-4001101-401010000110011- BaruA... B32 tact l-l‘ up at d. White Eagle gait!“ Agtllllloh 1014 axed. 0* 11% 501118 of the base metal stocks $35.5‘ 1'10 f?‘ silver production gari- 11.1.1 Mach :32 - r on hcav volume ‘ - notably uoranda. no 10,0 u» 00.15: ‘.311; ‘ii-t. m" ‘W’ $5,, The exchange index for 20 gold; Cnse Tlirelh 110% fell back from 110s: m 111.00. In g5) ca"; - - ~ - ~- ‘M. no cases were recessions o! an m “fl 1% not was... . ' 51:: s.".t:"...~ i111, (c .11 r - , T0R<>~ro.".'1'»n‘1'1sl’"’ 5§l°..iI-F~'§'1‘.. 333-‘ 5l°=lll u"; Columb Cnrb . gm,’ "m" °ll - 2.‘: (101 Fuel Iron‘ 1y‘, Ajax Oil . 8,»; 00mm "c" m Alex .. 1% 430m gm. e 28% flgmlltlis - . my, 1'01. u.“ i.‘ ' 24% ' ° ~- 40 (‘on on 405 (‘on (‘nu .. 721/, l2.’ (Torn Prod My, lie-l lluil . 30% li-i; l0 I Dunont 99 gill, 1211s! Kodak . .. 14114 .0 1.1.».- Auto 1.110 211g, ulfi lalec Pow Light ... 2% . lllil liuilio Con) . 47g 5 Rodin Keith Ornb 1% 15g .:.1..:':".:::.>*: "a 150 Sears Roebuck l-luff In. 0%; gglgelpgnhn o“ ‘ Bill’! (‘flu . . .111 Qovnn‘. "' Bunk mu .. _, 4.; 100"“; |..,,1 " lailllill . . . 01h snnui iin||".'.. (‘an lluim.“ 2am; gfr-Ixs-“l Fusllc '1‘ L‘; bland Oil NnJ wlzllnltgua- 114 iftuwnrt Win-nor . ~ ----- ~- ikrluniénriu . " £x¢ $3101” “Willi-hr - ' Tllll lloil islsnr" t: ni . .. - - . . 110111.222". "fir; 53:3,’; fin“? um’ n, 1,. k " 7 _~_<~ ... nfiifl...iif.". . .7. ;§t')"r“p‘““ _ l1‘ liii' ' - . ' <=..1..-i-.-'n‘l" ‘f? ,“,“‘,!°‘§,,f,'"\,‘ml> 1W 10-0. iiuds 1.1110 . ' U s 11.1.1.2». " H ‘céllfiz-qg“ u s smelt 15% Uoudfisll ,, 7% l-raim n , " , 13‘? awn-I'm $153.’. ti?“ “° l‘ Urumloro “mt Umézs 22% qrmme “eating l-ll . ‘.'.';'.‘.':*:.:.:__ , ;;:;-,»,--;,~-.°“ ‘s. 33113-3“ 1...’... -.-.“,.“.‘t’ 1°1- - ~' Eric ' " J .\l (Ions . F“, f“ 11x00 . -"" ls‘ °l 4s 121:1 11:0‘ . m" ““l"“"' 11v . Gun l-lir-c l l\ll'|\' Lukc . Gen Fwd!" 24% lllilllllqlll" ,. u?" “t 84% " i112 I ~ 1 . u- ilur-usszi , . gooffiluh Rm‘ ' 8% .\iun 1mm . °° W" m“ 100g, Maple i. ?,‘I°h““‘“.I'“'K° w, Ahbmyr“ " ~ 1100:5101! mt] sum" 29% ‘Qrafiawla ' - 115 llurl \iot " 1g . l‘. Illl _ .\l1-\’liilc ' 1"" l?!" - » - - . . . .. 10% lh-ivum-rs '15“ lull inc-kc! . . . . .. 27 .\ii1l nil . ' 34 ,"“ 1"‘ -- 7% .\i.n ik-rp q-q, ‘I'm?! “ml 47 .\lur.~.~i i\ ' }\.°l““,""°1' 151/ \» . . 1\o1| nip l‘ ‘ N" ‘I ' Lumber-t c5 . Li): “yoru .\ _ 1m?) lliiquill ‘Curl; 3o" locum - . . . . . . .. 1 ‘» Lona:- “qllizls-pllig g?‘

iir-Kecnpoi-i Tin

m cmmwrrarowitfousnoim

' YESTERDA STOCKAondBO

arm

a price accessible 1o all.

engine are reasons for this.

comes a host of comfort and

FOUR YEARS ACO the V-lype engine ‘ was priced out of reach of most driv- ers. It was than Ford engineers decided that the V-8 was the best automobile ' motor that could he made. We drew on our wide experience and huge re- sources to perfect and produce it at

There are 1,500,000 Ford V-Ws in active, satisfying service today. Each . year has seen a sharp increase. And the Ford V-8 for 1935 is excelling all previous sales records. The enormous power,‘ flashing pick-up and positive economy of this brilliantly performing

With the introduction of the longest, widest, roomieet Md car ever built

uionce features to match V-B perform- ance. You would expect than only in a very high-priced car. They make it a perfectly balanced car. There in

‘son-alas; airs-ac rue-saws aw s-Y"

CDIIVQI

1111101111 c111 i100- ITH A v-s TliPEENG-INE

Centre-Poise riding-achieved by a fundamental change in car design- with new, correct weight distribution, l new seat position, and springing. A front-seat ride for back-seal passengers.

Distinctive, modern lines. Wider, roomier all-steel bodies. Safety Glass throughout in ‘do iuxe closed types a! no extra cost. New quick-stopping brakes. Pillowed seats with softer

and the most cconomicaliwFillRD car ever built

ever made.

springs; new interior finish, upholstery, and appointments; easier steering; now easy-pressure clutch. Too many, really, to list here. We and your Ford denial suggest you make an early opportunity to ace and drive tbo finest Ford car

Inna c Iclsolctrctlon. You: neIIiuIFORDIeoIeI-Iiflbooaryglodlo ‘in you I IrIoo-younclf demonstration In the New FORD V-B fizr 1935. No obligation. VIII! Ml pfdlniul or ‘phano. _

1121.». 1 .. - -@,|__5-i&;

TUNE IN m roan SUNDAY IVIKING noun. lyuflsow Oralosfln andloelebralal gust Iololsu. B o'clock Illlorn smut-a Tina. Collnbla System. rnso wuum: AND ms YliNNSYI-VANIANS. nous-y m. n1- n $.80 lunn Standard 11in». Columbla Syllels.

$32

NEW REDUCED PRICES a mo ‘ and a reasonable down payment now buys a Ford V-8. See Ibo nearest dealer for details.

PRODUCE

(Canadian Press)

, ‘April 25—Butter pnices eased again today on the Montreal dairy and produce mar- ket while other lines were un- changed. No 1 regraded butter was quoted at 23 3-4 to 24 cents a pound for carlots or less with no 1 ircsh butter selling at 23 1-2 cents. Smvi lots to retailers brought 25 cents a pound for solids and 26 0...... lo. MTUA~S| Receipts were 356 boxes.

The cheese market was unchang- edat1lto111-4cents apound (or emu-rem. receipts. 1i 1-2 to l1 8-4 cent‘; for fail-make and 12 l-Z to l2 ‘3-4 cents for summers, all

for No. 1 Oniarics. Receipts were

24 boxes.

Graded shipments in marlots or leasoieggssoldfor l0 i019 1-2 oentsgdooenforAla-rgmfl to 17 1-2 cents for A-medium. 17 cents Icr B and 18 cents for C. A total o! 1,213 cases was offered for sale.

No 1 green mountain potatoes e11. .1 b. 1.3.11 50 0min per B0 pound bug 101- Quelbecs. 55 cents tor Now Brunswicks and 5B cents fa’ Prime Edward Islands.

EXCHANGE

Press) . April zs-anusii and foreign exchange in relation to the Canadian dollar as com- piled by the Royal Bank oi.’ Canada closed today ls follows:- Argentina peso 2510 Australia pound 2.0700. n, Austria achilling 61:108.

Waller

t»

Muck Truck “nth Alkali (Quotation furnished by Johnston .\li.<n Kiln .

and Ward, ember: of the Montreal lilies Pnc

Stock llxrhnnge, Montreal Curb blar- QilPllilvill . . . . . . . .. “out Wurd

lust. 100 Richmond Strut, Chulotto- ‘(v-nu mm, 7s Mush lint

"WI-l 11 l. 1:01.: . 3m spin m.- ...

“wt. ovum‘ l.“ 1 nil Driiry Prod ,.

llo_\':|liir~ $1111 Ant Knruiu ..

Bathurst A .. sin-lip

Bell Tel . sun-rig;

Bras '1‘, l. Pow .. SIgQQQ __

B C Pow A s1.“ T", g

liruck Niik . Tnghotn

Build Prod St Autb 23 '

Cm 00v (‘Mu Sud Basin . . 112

Can Car mu Sud Cunt . 7

Can Cel loin Sullivan

Can Cel Phi Sylvunigg

Can Corn Loni “k

Can Coin Phi . . . . . .. Tu“;

Can Hydru lilcc 101mm

Can Hydro Iilcc Towngmi

Can lnd Al A Venturrs . . ..

Can ind Al B . Waite Amu .

Can North Pow . “,',,y,.|,|,.

Can Steam (‘om ... .... 21,‘ 2 whim 10,1;

Can Hteniu l'id ........ 95$ 0 “q-mh; u

Can Pac . . . . .. ... ... 101/; 10% 1min . 3 H-

gm" glxlsll“ ~< N W Silvrr .. .. — QM M I 40.

rill cl--“"---:-W. “l i‘.;‘.i‘..."."‘°.'..‘-f~‘. -‘.“.“?~ .. .... .. em “roam 1 a .

lloln Giulia (‘uni . 1110143159 Flour: @713‘ 7139.‘ Finn“- D°m m"! ("ml B ~ Ahlcrinnc .. 05f n3“ “Jo- ' 3°? §§i.."‘i"‘ ' 10 1o Bmmlw ' ' I mo‘: ‘emu $30‘

o | 'li) ... ... '

11011 Golvl 111.130 111s 11o L:"[-"§',.l9" m“ “k” 95-”-

inu Nickvl . 211A , Flour winter whoa; patents, £10,113; "If - 40 0110100 04.1010 04.20.

C 0 Inll

Mo,“ Pa“. Flour whim own $5.50 to $.00 um Brew Bran tan $27.20 to fit.

Nat teel (‘or flxg-h, {I}! 9° QQ_Z_

£1135, °,‘.‘,‘,{{. uiaounp ton 00120.

St Law Cunpn‘... n91!“ cl“ hi‘ w '5 0.05- BhnwlnlII-n Hay no 2 per ton cal-lots ti: 00. “will C“ m" ~ Ohofle N0 1 Q10 era-rent ll i0 l‘? 3° 5i“ ‘S’. ‘it - -- 11H ' '

ee o n '1 .. . '0 _ _ ' _ .';{,‘§‘°§,,§__"' ' 1}" Cheese 1111,11 1-1 u. 11 s-s. MM‘! orchwro .. c; Cheese simmer 12 l-2 to 12 u. Commerce . . K 1:21e;h°3|o'n'¢' “Bum. m 1 ‘Qmdgd a a4 m l“ Bo Kenn . 3 as 0100s.... 21 Dilttcrnolifll-l l1 ll 14° s00 Mine! . . 4 up m mun‘ 11 Inge a _- a“ Wood Kiri ... . . . . .. .. ... ' nwAmai-‘an , _ "" ‘ ' lull B IL. - _, '% O V10. . Pow-Niall: 1 rntl I01 Que l0 . r a r mic 00 ..__.__ . (Johnston and Wind) ‘ Iloeh 090ml 24M M . suhaénoiu C m i296 a e t‘ A t A row olp o . . . ‘mo: Co’? Pfd . Chain ‘I - qn ‘B0 111i: ‘lixooto and neutral-mom- .| eagrnms ‘ Ford o! (Inn u}: km 91%“ ‘ n‘ 0-» -* ..... ...,.... .11.; one . _ ' . {g3 gig, ggll m. 01m now. Thom in only gm FLY-TO! a-gllfihlzc: x- I316 willlllfi-Wl“ "m" “m” Mil I Ifllflfl- ‘W *9 "I" “l” Norlmln .. "T5 all @d QQQ _ Trek liughel . M! 4 i, fit“ 16'", nu,“ u!” Walker 00d ... ... . U!‘ M!‘ ' - am us .11: childca-

Greeoe draohma .0095.

Holland florin .6795.

Hungary pengo .2997

India use .3679.

Italy lire .0830.

Japan yen .2871.

New Zealand pound 3 9180.

Norway krone .2443-

South Africa pound 4.8340.

Spain pescta 4375.

Sweden krone .2508.

Switzerland franc .3256.

United States dollar 17-32 per cent premium.

Closing exchange rates:

At Montreal-Pound 4 B5 13-162 U. S. dollar 1.00 17-32; franc 6.63.

At New York-.Pcund 4 83 l-B: Canadian dollar 99 7-160; franc 6 - 59 3-4

At, Earls-Pound 73.25 fr; Can- adian dollor 15.09 fr; U. S. dollar 15.10 fr. ‘

1n gold-.P0und lis 9d; Canadian dollar 58.91 cents; U. 8- dollar 50.19 cents. '

NEW YORK, April 25—-1=‘ooeign exichanrge irregular. Great Britain high 4 88 l-i; low 4.82 3-4: close 4.08 1-8; 60 day bills 4.82; France 6.50 3-4; Italy 8.25 1-2; Belgium 10.04; Germany 40.80; Canada

u icigazzv

(Canadian Preloi , April 2fr—.1leavy selling to clear away accounts of the Rosenhaum Connration/ih- vclved in bankruptcy proceedings lcdwloworgralnpriceamostc! the time today. Trade estimates wore that about 5,000,000 bushels oi’ various grains were liquidated for the Rcsen-baum concern, aside from selling result- ing imiiirectly. Meanwhile, weather and 01w reports were generally construed as bearish and had con- siéineeroble marloet influence at s.

Wheat closed unsettled, 1-2 in

to an equal gain.

(Johnston nnd Ward vulcnuo, Apr-I \Vl1cut:-—

\\'li1':il:—

S"pi . . . “WNNIPPHI,

Wh

Whoutzf- No

No Truck 41%

40%; Nu B-C Truck 45%.

larlty

lilo 98-1-8, corn ‘l-Ocfltpb-l

' W. “Li! 37 341-811-0014 at I-Z-dey-

cline to l-2 advance, and provis-

iuuvaryingirorn7centsaetboa

'14 under ycstRdq-yb finish, May-

French

narrowly

TMMWII

' 001,0

\\'l\.\‘Il'l-lil, April

njoszxo out: Mny 071.1: July 80KB. 0111s: llny 400/411; July 4155A: Oct 4llXtB.» 1 - - Hurley: May 45%; July 40%; Oct (B5B. CASH PRICES nor 87%;‘ No 2 nor @014; no 4 nor 103,4: i\n 5 (i8 ; fend 05%; Track B‘! minute's c W411‘; and ex 1 Iced 81%; No 1 Iced 115%; 2 feed 84%; 80