g1.-.

stocks thou h In the slain the ndecision. swsve t ne to the rsllv. finally turned the nee-sud prin- eipsi issues generally showed small net gains. Volume dropped to 1,343,110 srss. . New Iork Central, Baltimore sad l . o, Pennsylvania sud A hison elos- rlersteiy higher. Although Jello! - 1 brake 8 points. -= Issues firmed ietly ss the ~ e for Bethlehenﬂs esr and both leaders In that group - turned small net advances. There as also fractional improvement in merlcan Telephone, Bears Roebuck, I ational Biscuit, Westinghouse, Stand- , rd Oil of New Jersey, North Amer!"- n, Woolworth and numerous others. merican Can was hddVyx off s Dalnt. ararrlount and Loew's rallied briskly owards the close. Tobacco issues soft-

ned.

_ Probably the most cheerful news of he day was to hefnund In the re- erve bank statements. Haney In cir-

' lstlon ‘decreased 32411004100 over tim hole country this week. thus revers-

The Montreal Curb Market

(Special k Johnston 8 \Vsrd) oaks OpealliighlLow-iLast 1735A 7% 7 7 1916A 18 11 u 10% 101/,

5V1

03 i560 8% 31/; (ll/n

Grain Market

(Cnnadisn Press) NEW’ YORK, N. Y., Oct 20—Bond- d wheat closed firm. Hi8 Low Close 81

v1.5.1; ..i 45B ‘ a er, Hiram .l 3%

ct. .. i-ii. .. ... I

. .. ‘o .. ... ‘ 08 NEW YORK, N. 1L, Oct. 20-10411-- ign exchange easy. Great Britain ‘ 81%; France 3.03%; Italy 5.1654,; Bel- lgl 13.01; Germany 23.00; Canada

WINNIPIG

WINNIPEG‘, Man" Oct. 20—Prices lgain ascended on the Winnipeg Grain fxchange. today with the close show-

g increases In value frmo ‘K, to 11/1. , tober closed 1% higher nt ‘i305: No- vember 1% at 03%; December 1% to one at ill and 03% split; May ‘M; st

' “Vs to 0 .

Active. export trade did much to

oost prices pad also absorbed liberal fferinirs ‘from houses with Chicago

ctions. Subsequent prfit-tukiulr

ittle cffect on the market and‘

_ s forged slowly upward. lttradw was unusually active and s esvy volume of wheat handled. Ad- ces froin New York estimated the otport trade at nearly two million granola. composed mostly of Canadian a

E .

A strong demand for durums result- od Ia spreads of 1/5 cent to 11/, better than ye errlay. Top grades of red lpring w eat also were in demand.

- High grade barley came In for over-

night export and featured trading in ,. the coarse grains today.

Close-_\\’heat: Oct. 03M: Nov. 03MB;

g M _ 00141-07.

Nov. 3355B; Dee.

34%.

Oet. 87%; Nov. 3854B; Dee.

sy 409§A.

CASH PRICE!

> ‘vlllﬂf-s-NO. 1 hard, 07%: no. 1 nor.

2 nor. 00%; no. 3 nor. 500i: no. ii, 50%; no. Ii, 44%; track 65%; no.4 durum,

oats-lie. s o. w. wit. no. s o. w. l‘: ex. 1 feed, 301,4; no. 1 feed. 20: o. 2 feed‘, 2.8%; rejected, 25%; track,

IIsrIey-v-Msltlag grades- ti row ox. 'C. W. 4.0%; 2 row ex. ii C. W. 42%. tiler grades: No. 8 C, W. 371's: no. C. W ‘Wm no. ii r‘. W. 34%; no.

track 37%. - - »

3 cuscsoo ,

CHTEAGvO- lll., Oct. ﬁll-Late estim- tos that ~Nortil American wheat ex- zp- business 11nd broadened to more f 210M000 bushels gave fresh to Irrnlna much uf the time od . Crowding into the wheat all sre multitudes of buying orders for lture deliveries. Most of the orders 5 ndivldually small bllt In tho nlrarermto lg. indications. hrworcr, were that coat ham-y speculative purchasers ore taking profits, and now price Mus failed in lmlll. Wheat closed unsettled. Vl-"l canto nwer, corn M-‘llA advanced. act-u 14-14. p. and provisions varying from 20 nts decline to '10 cents gala.

C ‘I

mmg Exchange . ,

' (Canadian Press)

‘TORONTO, 0nt., Oct. ZiF-(hllning les cll-se)—

ales Stock IilghlhowlClose 2ooscuie_ .. .10 1n .1515

.. 500B C Pioneer .. iioollnffslo-Can , » - 1 C-‘rrethewey

wilithihougslnsu . Columsrio . .. Caunss .. -.. v.

rsu Robyn - = oiliager. -.¢

Homestead t .- wlfowoi _'.. so< aookmr Lake‘ . .. ‘-l ha! liters ...,

oosqzn |

eeting drew t

‘. car lots 12.007

ing recent tnsds, while reserve note vlrealstion was lmost sts oasryhin- cressing by only shout hs s m lion dollars. Bsakers interpreted this as ov- idsacs of returning ooaﬂldoaes and that timid depositors were being bro - en of the hoarding habit. This Is the first time in ssversi weeks that total circulation has declined.

Francrtooi no gold today, although small Ifll0llilll werfe withdrawn for Pﬂﬂﬂ‘|l. lmly, Hlland, Germany and Belgium. Most foreign exchanges fsv- ored the dollar. Iteriinl ¢Iwood About 4 cents while the French franc saggcd German msrks firmed to

In response to sugges- ghn; qr tip establishment of an in- ternational credit hank to take over her short term indebtedness. existins agreements on which expire Ia Febru- ary, The final rate on the mark, how- eye: was unchanged from the previous e o e.

WHAT THE STOCK MARKET DID:

Number of advances Number of declines Rtocks unchanged . Total Issues traded

Bethlehem _ Steel Declares 50c. Dividend

(Canadian Press)

NINV YORK, N. Y" Oct. 20—-Tho Bethlebem Steel Corporation today de- clared a dividend of 50 cents n colu- mon share, the same as the payment malls three months ago.

In the last quarter the company paid d0 cents a share on the iunior issue, a reduction from the $1 disbursement of the first quarter. Prior to that period the stock had been on a $0 annual basis sinee July, 1020. No div- idends were paid from July, 102i, un- til the first quarter of 1020 when the stock was put_oa a 84 basis.

The regular dividend of $1.75 was declared on the preferred.

The corporation had a deficit of Si.- year, after interest charges and deplo- 502,002 in the third quarter of this tion and depreciation allowances. colu- parcd with net income of 01.452143 in the second quarter sad $8,783,415 a year ago.

Bethlehem earned ethlng on the preferred stock in the last quarter compared with $1.45 a share on that Issue in the second quarter and 03 cents a share on the common in the September quarter of 1030. Preferred dividend requirements are $1,150,000.

Total income for the last quarter was $3,054,000 against 80,804,057 in the pre- ceding three moaths and $8,043,217 a year ago.

Operations averaged S2 pcrccnt of capacity compared with 41.5 percent iu the June 80 quarter and ii-Lll percent in the third three months of last year. Current operations are at} rate of approximately 3i. per cent.-

Orders on hand Sept. 30 last were valucd at $8,262,342 against $57,334,704 on June 3i).

The preferred dividend la payable Jan. 2, to stock of record Doc, 4; the common Feb. ‘.15 to stock of record Jan. l8.

Eugene Grace, president, said "senti- ment has unquestionably Improved during the last week." He noted some increase in inquiries lthougil “no Im- portant Increase in tonnage."

"Pl-ices are holding steady."

(Canadian Press) COTTON

NEW’ YORK. N. Y» Oct. 20—Cotion futures closed steady; closing bids: Jan. I100; Feb. 072; Mar. U70; Apr. lull); hilly 000-700; June 708; July 717;

Sept. 780; Oct.; Nov. 052;

Spot closed steady; middling 070.

Liverpaoil-Cotton. snot in fair de- mand. Prices ll points lower. American middling, fair 012; strict good mid- dling 5417; good middling i342; strict middling i507; middling 401; strict low middling 477; low middling 4157: strict ordinary 447; good ordinary 417. ite- ceipts were 22,000 bales Including 10,- 000 American.

SUGAR.

NEW YORK, N. Y-, Ofi- 1'" -' sugar was firmer today and |li'll'i'.~4 --.l- vonccd Ii-lii of a cent to the basis of 3.42.1“ spots. There was a little bet- ter Inqulry, but it was only for near- by supplies, with a hale confirmed of 8,000 bags of Cuban from store at 3.42. Futures were firmer in sympathy with the advance in the spot market, with final prices unchanged to 3 points net higher.

The day's business of 22.270 tons. over half of it was In the form of exchanges. Dec. cinsed 1.32, Jan. 1.30, ling. 1.27, hiay 1.31, July 1.30, Sept. .4 . . There was no chnngo In refined, with refiners listing 4.00, and second hands available at froln ii to 10 points less. There were fair withdrawals, but new- llusiness was ligh and supplied through second hands.

MONTREAL. Que... Oct. 20—Bilr19Y. Carmuan western. no, 3 .45: oats, Can- nd an western no. 3 .117: oats, feed. no. 1 Jill; flour spring wheat patents, firsts 4.70: flour, seconds 3.00‘, flour, bakers 3.80: flour, winter wheat i111!- cnts, choice 2.80-2.00; flour. "hi" "T" 4.50-4.80: hran, ton 1525: shorts. toll 10.25; middiings, ton 28-25; 1'0"“! 0!"- hsg 0o lbs. 2.05; hay no. 2, ner ton. cheese Ontario .1254- JZM: theeseAQiIobec butter, no. . finest .20%-.20%. egsg, fresh specials in cartons .55: ens. frelh extras in cartons .50 eggs, fresh firsts In cartons .45: eggs, storage extras iil cartons til eggs, storage firsts in cartons en's. storage seconds In cartons potstoes, Quebec, 80 1b. bag potatoes, New Brunswick, 8011s. ag 45-55

Total sales 204,187. UNIJDTIII »

2000|Ahsns .. so . L00 500mg Missouri

45B A Oil "w. 1 llliltlheln Bosch n.

500Isst Crest s 00 15W duliilill) .. . .88 1 Hudson Bay .. - eonsp 0i 11. 0501a: Nickel t lildtlolliordoa Pond 0 1500|PenIn Peta t 700|Ventures .. ...

N ILW 1.1.1!) 10.00 10.00 10.00 10.70 10.75 .1011’!!!

. .W .01 .21. .1835

s. a;

Jllilollohjo .. .- rﬁlilill

close howsvsr,,cio sg at $.51“.

Loans to brokers sad des New York federal reserve banks for the week ending Oct. 28 were

lull Yllilil

lxcllllal

(lpcslsl to Johnston l Ward)

Ovenillilrblnolv LustNtCb Air Relluc [oz-m I '_1 Alieg Corp Al Chem A! Refill Al-Uhnl Am Con .., Aul ls‘ Pow Am. Loco . Alu l’ Li: . Am hi its Alu '1.‘ Tel Am Tobac Ann Cop Atchison Aub Auto Bald Loco . Bait Ohio Bend Av Both Stool Byers

Bur A

can srrri

Y?!“ iglhql 70%| Si) 012i] ml H». 10y, 1s |lSI 17= 1g . 255512312: llﬂlellilﬁvelluulallul=yp 8B w‘ 1w». " 15% 10%; 11o, 151,5 10-1 luv/plus 01y, 1101412054115 1m B 131/, 169i. 2:194, 18%

E tilla+i i i+i I-i-il 55$ t5 $2.52.?

l l

u-n

C dc Pnsco C-Nairn . ‘ Chezls Ohio Chrys lilo Col Curb .. Col G lilac (foils Gus Cont Can Corn C-Wrllrlll; Dav Ciloln

lPox Film Free Tex Gen Aspls . Gen Eicc

LlL++i+i i I I i i l+++++++l i i I I i++_i+i I ziiiiﬁaa§li<$$iiﬂ #e'=a<a<1i$ atiﬁai! Keiﬁaiﬁiii

Int Harv .. int Nickle Int Tel ... Johns lifnn Ken (‘op

n»:

lifnn Ward Nash M0 Nut His .. Nat C Rog Nat D Pro I Nat I’ 1.: 314114,

i++++i i+|++l I i+i l-i-ll

N l’ Cent N’ Am Co Par Pub Pcn Fold , Penn llrlll Phil Pet ., i‘ S _oi'N'.T Pull Co Fur B Cp Radio Pp’ . It K

a s; .11.: 1:; :4 an xi all Exlieesses as

Rep I s lloclr lsl Ro-z Dutch Safe Storms S Roebuck Slnc Corp Film (‘o

S Pacific South Rail R Brands

R G Elec.

5.. ilri-l i-i-l+i i+i l+l+++i

Rtudcbnkor Texas Co Tim Ii. B U C Curb

||+il|i+i was ss§x§$ “

85:1

Montreal Market Sidelights

(Canadian Pros MUNTREAIA, 13110.. Oct. z8-Tradlng fell off to small proportions In tow day's scallion un the local stock ox- cilnllgc, lviill prlcu movements, which continued to be confined within the llarrolvest of limits, In the main tend- ing toward lolvcr levels under the In- fluence of an erratic and for the most part heavy market In Wall Street. The very listless mood of the ularkct Ill New York appears for the moment a reflccllon of purely domestic news of an unfavorable character.

While it is lrue that In the present market here, there are quite a few stocks for which there Is no demand excl-pt at levels below those to which trailing is now- restricted. it Is also a fact that many local issues hare been selling nlld continue to soil ut lcvols well above their “pcgged" prices. Not nil of those firmer stocks sre low priced issues. Among stocks for which there is a bid shove the “pegged” price are noted Alberta Grain, Com- mon and Preferred: Cement Common and Preferred; Canadian Car Common and Preferred: Cottons Preferred: Cnckshlstt, Steel sad Coal B, (leacral Steel Warns, Lake of the Woods, llias- scy, .7. S. hiitchsll Preferred, Rt. Law- rence Corporation. St. Lawrence Flour (‘ilmmlon and Preferred, and Winnipeg eetr c. "

Sterling

nnw 101m, u. r. Oct. ro-(sy the Canadian Freed-The pound ster- ling closed st 88.87% for cable trans- fers on loesl foreign exchanges today, s loss of 35¢ cents from yesterday's close of 88.00%. The Canadian dollar closed st 009i: cents, cent higher than esterdayfs close o 00% cents.

Stocks

Brssllian Can Car Elly ... Csn C Fdy l'fd . iii Can Cement Can 1nd C l‘ ciflc

The ~Montreal Stock Exchange

(llncisi to Johnston. b Weld) Openlliighllnw Lani ...|l‘.il:A 1a_ 111A 1'-’

s 10% 10% W1.

. .. a on. Aico B l ' 1

1m um 15%| 1W

i ml - 3%

,, .

a Cockshut Plow . 0 ' an?»

lilassey Harris 2% hie-Front . Mont Power . .. Power Corp . .. S of Canada Pfd

. 050 12% 10% 10

38 30% '20 do "9 (Ti the lie-v ct. --—- Y Canadian l’ l-Actirity dwindled to

a minimum n11 ihc Montreal Stock Ex- change today wont through a session

tion. Ihc ciusc allowing sis fraction- ui lossl-s against one pain.

The llllvfllﬂivll issues were Just ss Inactive an lilo "poggpﬂ" n“); with llltl-l-llllilnlllll Nil-kn] and Buﬂn-n Trm-‘imil filllmlill: the slight unsteadl- ucss in .\cw Yuri.- to register declines, "Piilliiﬂ" o" i. n: 1:: after touching 1114, null Nlckvi off 1,1, at 1o,

Toiul null-ll were but 4.845 shares coluparcd u-iih 0,3011 on Wodneello! Mill 111.7118 on tia- corresponding day 0f inst your. iirnzllinu and Nickel lcll in al-iiviiy with (‘allndlun Cur third. This issue was uul-ilnngcrl at 8 about a point ovcr iii! pegged level,

Canadian (‘nr and l-‘ollnliry Colm- pauy announced tudny following a dlreciols’ luv-cling its decision to ap- ply for :1 l'|i¢ii"i(‘l' for a wholly owned subsidiary llu- Canadian Tank Car Wiiliiiulll: Lllllihlll, to build, lease fillil soil care 41f that cblasifirntlon. Tile now cn-npnny will have n capital $100,001) \\'l|l| Sil:il‘(‘S of n par value

of $2.‘, r.l-~ pz-w-w on tllc exchange in- : Ai-ilihl off l’, nt '.I',-’_-: Canad- ian (‘nr IH-l-lbrrl-d off. if, at 101,5; Can- adian l‘; V11 lins- sol‘ llurris. . Elvcirlr. up i; at (l and liullluger off

of no significance. lvhat mﬂvvmﬂn‘

there was. was In n downward dircc--

1M1 vllllls lit 33,00. linmi <.'ll|\i uurc $3.150. Victor?

1037's declined £75 coals to $105.15 null

iFish Quota

____. I fflannlliun Press)

BOMUA, Muss, 1m. 2u—~'l*..,, ".5.

sels arrived at the iish pier here to.

Produce Market Exchange Rates

tions

TORONTQ. Ont, Oct. ﬂl-ﬂiy till (‘nnndinn l'ress)—Eschsnge rates at lilo close of the market today were Is follows: ,

Pound sterling in Montreal 4.21%.

Pound sterling in New York 8.81%.

Canadian llollur in New York 00%,

(Canadian Press)

day. WHOLESALE ucoswrsoxs BUTTER “'""“' ""'“’- .‘\iU.\"i‘lii<)Ai., Que, Oct. cal-norm prices advanced willie Uuturiu CUQPSA‘ was slighlly lU\\'l'l‘ ullll egg and po~ lulu quotations bold unchanged on ihu produce and dairy ulurkct here today. liusicrn townships no. 1 [lusicuriscll butter, in curloin, gained u quarter of ll cent at 201/, to 2'03"; l-l-nis 11 pound. To roluill-re, snlllls at ‘.'i in 2:.’ coats and prints at L": lo '_ ‘lllﬂ a pound wore lmiil unchanged. lilwolpis were 1.3M imxoil.

Ontario chuck:- lost an u-lzlllh of a ccni at l‘: Io 12% m-nln iilitl Quoin-l- choose was ﬁ-‘lﬁiiily lit 1'.’ i0 121,’. would u pound. livvcil-ts l\'('l‘\: 1,l',l|‘,‘ iloxos.

Large cull lilarkots Haddock Pollock . Ilake and 1'1. \ Lemon soil-s Gray stiles Floundcrs

ands u: 2.’! to 2i ccnts a dozen. Storage "1328. in (‘Ilrluih also held steady, ex- lrns sl-lilng at L’? lo 28 ccnis, firsts at 2i tn :5 t‘i'l|l and seconds at 20 to 2i coma a tltIZPh. Quotations to retailer; all-re unl-ilungrll nnll receipts totalled lust" 011140.". .

'1'"? lmtnio alnrln-t ruled steady quotations pvr s0 pound bag being iill to -i0 coals for Quohccs: 45 to 50 "i"! Till‘ New llrunmvick cuilbicrs and till lo 5.1 coats for New Brunswick

3| Dlfﬂfitifs of Llllcc of the “Winds Milling ('Ulll|i;ii|,\‘ \\'|lll'li ycatl-rlllly pru- scnicd uu ililillilll report showing illui "If! Will's! "iWYilililil! resulted in a deficit, lull-o ili'f‘|tll‘l| in llUtlff action on the lifvlorrvll llivillv-illi. s llonlll lly quoted > :1 llt‘i'i"('.'l>'lf from ycstl-r- li-‘ll’ Willi" .‘\ v York iunlls closed ui l1 prclniuln uf' 14173,’, lililvcllt,

efilililiill; lllilVs cased L‘; cculs to .75,

EGGS

Few men have difficulty in meek. lag their creditors. WllaVs so hard is to dodge them.

ut (‘nrlot prices llnl-llullgl-li, ox l-ontll, firsts ul

r-cnis, peowcus

ours “w-rl-

IN Ia-illg quull-li llt -l\ l'i‘lllti, pulll-ia n! 2:‘: at ‘Jl cont: 11ml alw-

ments. Hetrotonal

minsls. Piano - ﬁnis

woods ..

Nergo

SUPER

"AN NOUN CE a Tlssl

Has Proven

DE FOREST CROSLEY HETERODYNE

Greatest Value

Radio's

Raymond Knig/JI, [he sulbor o] I/Jr Cur/zoo Hour and Ibr rlrlr/

nnounr of if: Slolims KUKU,

bnrd on the NBC network.

I The "RHAPSODY" Supcr-Hefemdyne will: Autadyns

Outselling—outvaluing every other radio in its price Cl3SS———tlllS S-tubc Super-Hctcrodync model 05ers all latest features plus exclusive DcForest Croslcy develop-

Rcsponse — Multi - mu tubes —-

Completc Range Tone CouLrol—Extra Speaker Ter-

h cabinet of rare

$129"

wily. Anyone can now prove that DeForcst Crosley Radios have better tone quality, higher performance standards and give greater value than any other radios in the same price classes. That is why more people are buying DeForest Croslcy than any other radio.

Insure Your Radio Dollars Make The Announcer Test

Go to any DC dealer. Say “I want to make _ . , , the Announcer Test". Thea, mcl only than, merchandise. Read the descriptions of c“ you know d,” you m, 8min; 10o “m, the models illustrated and you Will S88 value for every dollar you spend.‘ '

Listen to the Consolidated Industries programme every Tuesday evening at 11-1130 A.S.T. ovcr CIINS and anation-lvidc network of Canadian stations.

The "BALLAD" Super-Helerodyne will: Auiodync Six-tube Supcr-Hcterodyne giving eight-tube performance be- cause of Pcntodc tube and Autoclync. Multi-mu tubes, Hctro- tonal Response. Complete Range Tone Control, extra speaker terminals. Quilteddmaple winglpanels clgltribute to its com- ellin bcaut . Rs 10's rcatest ow-price vs ue. ﬁakegyour Aynnouncrr Tgest on the “Ballad"........ $9950 Oiher Models: H7950 $199.50

Carol

Operetta $239.50 $435.00

THE radio buyer has always looked for a yardstick of radio value- simple-—true-—and absolute. So ﬁve weeks ago DeForest Crosley intro- duced the "Announcer Test” in order‘ that you might compare any radio and be sure of getting the best.

Inzmediatcly that test has resulted in a tremendous increase in DC sales. Not because people bought the test --but because the lest proved the

ill‘

llamas-z; illllllliilz

Bun

Encore Little Symphony Mulelte Rondo

Prelude . Belcsnte and every model is complete with tu s

Completely Built of Canadian Materials by Canadian Labour

D I VJ S I O N Electric Refrigerators

DE Fours-r Coos

or COONSOIJIDATED

INDUSTRIE$

Hammond Electric Ciecils DeForesl Crosiey Radios

DeFQR-EST ‘CROSLEY LTD, 92 Union Street, st. John, N. B.

ing~ opened 4 cents lower st rising to 18.85%

comeback at the

Illllll s stro Loans

' (Osssdhs Ines) wssalsoros. o; c.

. 20- lers hel

d by member

announced by the federal reserve board

ode! st .000.000 representing s

ISLAND RADIO CC)

Operating Radio Station (IF. C. Y. 143 Great George Street

mlmslaooaooo no one-en: ma," “m? _