_ "I want." he said. "li young msn _ 1- ~

_ JOHNSTON ‘

MARCH 27, '"9

THF f`" " "'- "'|"l""T’“‘"-‘l- ""‘ """“'\T PAGE NINE

';_ - I "" _ _ _ g _j " ~ -_ _,___,.,. .. _ -a -.-5.1-iam m-i.-a. =

_ Mani bets gn. himself The Financial Sztuatzon

. _ _ I .

I-nu-p-un-nn 'T '

A _qood bet - Ibr others 1

Wall St., New ym-lr, Thursday,

Mitch 21, 1929.--With all of the discussion and conflict ot ideas as rewards credit and credit policies, it is not ltmnge t.h_at,' during the DI-It week, the market should have continued in on unsettled .conditlon. Not only the present, but also a former, Governor of the Federal Reserve System have expressed themselves in public durinl the Poet few days. and unfortunately the two authorities appear to be in obbosition with one another. while Plohty of outside opinion opposed to e`schof`themia_svail.s1ble. As a remit the ll»Ym¢n il~1eft in extreme doubt at to what is to be expected, but throughout thg week there has been an increase in the feeling that discount rai/es will be advanced-. This has to some extent offset the very fsvorable business condition reports that are coming to hand.

(By .Ian_|es K Clem)

MANY a man has failed to land

the job he went after, just be-

.quse he looked seedy. The Boss looked him over and probably ii - med that a msn who'd let himself dump would let his job slide, too. ~

' "That experience brought me u short," the wise ones declare after? wsrds. “That very day I started on a 1 whple new scheme of living. Sz , you'd never have known me for the same man six 'months later. I'rn bet-

ting on myself naw, all right. So is

the outfit 'm working for.

` "There ore thousands of peoge in

ghis condition. Half-hearted. own ‘ oatheirlucle. Anddon'tquite know ' why. Yet, the answer is so simple. A ‘

' slowed-up, sluggish s stem-an ex- - . . ».».»f»°»s~»»»»»h=fY»d» i.;‘i‘;f.::‘;’f.:’.“.:;.":.‘°..’:.°§.‘:.';*:.'i’;

"Regular treatments with Nulol start thigps functioning again as they should. bolgol not only keeps an ex- ms of y ¢polsons`fr6iu forming (we all have em), but aids lp their

removal."

Sure now fo take Nuiol regularly. Keepit up for the uexr three months.

up. That you're worth more to the people you workfor-and toyourseli.

blujol cgn't _possibly upset you. For it contains a solute y no medicine or

dru_gs. Nujol wa_s perfected blythe Nuyol Laboratories, 26 .Bros way, New York. Sold ln sealed packages only. Get a bottle today( ' ’ ' ` '

’ I

, _

METAL SITUATION STRIKING FEATURE

I"i'0m the industrial and speculat ive standpoint, the metal situation has undoubtedly been the striking feature. with the quotation for -°°PPOr making a new high so far as recent yelrs an concerned- The excitement in the trade and the beav! current buying has naturally communicated itself -to other branches of the some product. with

l _ ‘ _ _». einnsth prevailing in all of the

` 1 non ferrous metals. The tremendous

,_,-_Q - - . ldvlnoe of lead on the London

_ _-_ morketwa-sunexpocted,whllcsharp

_ _=_.E§1',,.._ mmm fer- on me me helped

t Y ' r-11" produce on even more confused

H _ .mason tum nerewroe. mfloeuy

- ' _ _ _copper shasu, although already

\ » v high, received mother upward ~ F amlly Savings _ ......... ...... ,... ...... ... ......

, , ,;cs|u__m second levels. Nstunlly

and the Mlser s Gold w-w-w=m»°wumv-sm

' quotstious for zinc andlesd. the

latter esp_eeially being very vigorous ln_its movement. Thus American Smelting, Natioml Lead. for example were able to chow a new high bl-ice, ss did other stocks in the same IIWP. In such circumstances stool iluns whim had luxe

PQPULAII SPECIFICATIONS who looks like Lindbergh. who is tail,

‘ blue-eyed,_ _who has sex' appeal," a

The playwright, casting s. new show sense of humor, and sn _ai_r_ o_i_¢li.~l- was discussing with a lady the dll- f,1notion_"

ficulty of fi11ll'lK Ono DH\‘i1°UlB1‘ DEN- “So do I," sighed tholldy. _

§e

GONE are the chimney strong-boxes, in which the family

savings were kept. Gone, loo, are the days when the

_ 1 _ slow 'accumulation of gold, bi: by bit, aroused inman the

` mlserly spirit, which glossed over in hoard, holrlmglt more

f 'precious than life iuelfl

`\ 'l ~ llisre vm llills elle one could do with spsnmoaeybut

lyslrwms 1 toutes as '

" 1 Gil C ll 0 I GN

5'." peaasdzr vest-:eras hpllfo sad prodesblo uedlldes -. ~ Wee Ensnelsl houses, the habit of '1'1'IR1F'I‘

_'JL | dlstgbuticzln _o_i'Pser_iing\ and eapiul mherthasof' _

.u~. ' IN lm ev o ' 1 nvlngsmdthendsefs goldaruettowcrknow, _ ' _ 1 _. ... owners greater prodt, and anlstlnglu the dc- DTBIB-INDUSTRIAL DEVELOP- __ . ofhdmu-y, the growth ofeommerce,.i.he building HBNTS

,‘e!4!!!.l Pgggpgfhyy ' _ , ¢,_ a°md.m,m,5h,,,m,u,w;4,f,,,1ud,f°,¢1,.P,¢g,. Dovoiopmsnbintho billndusiry

or Isle of securities; Private wire connections Win BUG lklifblllt- In W0 WBYS.

ending Enancisl centres-membership on iiveexchanges thtoil Ibn-IU tended to make a

“ llilledperlonnel.-twelve oflcesln Canada. ohm# nwml. for public interest- ' fu-ss the purchase by the Prairie oil

Co. olproperties involving 840.000, 000. and the annoimcement by the Atlantic 'Refining of a stock distribution in the mido of (one sharecaohforihreeheid.ataprioe ctw persharofor thenewstook. thorlghtsbeing thus worth about $6. Other oil companies are reported to

- _ be planning similiar action. These

_ - ~ 1 .

MEMBERS Muff lltnri Exrlangr, T ,rule Steel Inlngt, ' - “Nui chlnguf h°w°ver* were

Maurdal Cui tlalalu, lVi»m'p¢g Grain E-‘f¢5l"l'r ' '°°°mp‘m°d by F "cond new: of

influence. due to the apparent

_ _ Chiefs Hurd.;/`TrsJr. _

__- e _progrossthat iabeing rnedein

giiii Enid iii?

onpv/Am;

STOCK BROKERS AND BOND DEALERS

i. nocnlrs. sr., arisen.. l»r..~.mlm mag., summn- se..

` 'Bummerslds V

If ` *JI nun,

' isbn.

I .

[_ fll4'|Dll

Canad-a’s_ _ Greatest

" Theatre Enterprlsei

HE Dominion-wide chain of theatres in which _

TFamous Players Canadian Corporation is inter- ested provided entertainment for 25.ilx),0w PSUOUS -who paid $12,100,000 in admission .charges- during the twelve months ended August, 1928. The number of their patrons this year will probably exceed

- 30,000,000. i

_ Ofsees:

Manual Toronto Hawes s..'»u/.ls-* Qui# Olsns . Winnipeg

Net prohts of the Company, .available for-dividends,

“umm” are now running at the annual rate of between $4 and

nm M” ' $5 per share of Common S¥_0¢-fk- '

Quadra - ' _ _

hun An amaqive opportunity for investment ln Famous um” ` Players Canadian C0\‘P0l’HflQl\- C°mm°“ Smck ‘S °"¢9_” s. Wm by our offering of Voting Trust Certificates at "Mu §S1 cr share. Detailedpartieulare_will be supplied

i _ uporfrequesr. Telephone or s'end'us'your n'ame and -

1 1»»»-rnii. naar.-I.. below. I ~ _ _ -~ me lm _ _ - 4' ' " 1-

,’ _Nlmg ...,..-..anna-can"son»»»~»,»¢»»»¢»»»»n~»~»

n / » '

2'" Juffns4|.annonenoseson:sadnsssooosoaoessseonse _

lr§

mann-an--___-a* _

“L_ -u-u

,< ¢

‘Am. Cnr cl: Fdy. C0. ... .. 90 v

Market Continues Nervous Over Credit System _

obtaining control of all reduction partly through the assistance of the conservation plans of the Federal Govemment, and partly by 1908011 ot further progress in the way ot agreements between private en- terprilseswhich heve been disturbed over' the. inability heretofor to curl-oil production. A strong tone in most oi the better oil shares has been a

natural result, although prices havp been -kept from advancing as muon as they otherwise would, dug to the difficulty in obtaining new money for operations in that branch oi’ the market, and as 9. result of the high margins that are being exacted of would be operators in oil issues.

IIIGH EARNINGS A MARKED

FEATURE

Excellent earnings .in many

directions has continued fp be a marked feature of the general situation. Good returns have been announced by the railroads, prelim ini-ry !i8\11'es for February being extremely encouraging. Chesapeake and Ohio, for example, reports a new record for February. while other rnllroads are evidently in a fair way to follow suit. Largo earnings have been made knowzrby severll leading indusixial concerns. 'these !ig1n'es running, in numerous cases. far above those of the corresponding period s yeas' ago. Partioulary good

various of the Standard Gil enter-_ prises, among others by standard oil or ol-no whos, income ror ms is nearly double that of a year ego. Reports coming to hand by invest ment trusts display a gratifying result. some 'of which have letely shown rather mnlerltsble incomes,” and the some is true of s. large group of public utility enterprises, including some ot the conspicuous midwestern industries a.ud'a variety of others in the ssmegeneralgroup. The high roto of current eamiugs' affords _an unexpected support to market values which in many cases have been established on s. basis ot future prospects primsrlly, but which sro now tinding unexpectedly early confirmstlon in the dlta thot

results of operations drains the past few months. Ifublio ’utility shares have, under this influence. been _ unusually successful in hcldng their own against pressure, while the mnior railroads, supported as they have been by the group of lactors which hava been reviewed in _these advica onrecent occasions, show the effects of enlarged appreciation on ‘the port of conservative buyen.

CREDIT SITUATION A PUZZLE

Several lsctors in the credit sit-

uation have proven especially inter- esting, and somewhat puzzling, dut-

n a . on

accumulation is found in the isct

_ -Continued on page 12-

Stock Quotation

HALIFAX. March 20.-Quotation!

furnished by Johnston and Ward, Members Montreal Stock Exchange. New York Exchange

At., Top. & Ban. Fe. Ry. Ar:1.Cn;1 Co. ... ..

196% 119%

112% 107 47% 155% 182% 100% 01% 48 52% 103 '.3 143*/4 214 134% 147 178%

Am. Locomotive Co. .. ... ... Am. Smelt. de Ref. Co. ... Am. Bosch Mag. Co. ... ... .. An.Cop.Min.Co. .. N. Y. Cen. ds I-lud. River R.. R.. Con. Gas Co. (N. Y.) ... .. I-Iud. Motor Car Co. Inter. Phper Co. ... Stan. Oil of New Jersey _Reading Co. Southern Pacific .. . Union Pacino Ry. ._ U. Ei. md. Alcohol co. .. .. .. Westinghouse Elec. .. .. .. .. United States Steel ..-.

Montreal Stock Exchange

Abitibi ... ... ... .. .. AtlanticR.ef.Co. Industrial Alcohol ._ ... ... .. 38 Mio. Kan. &'I'ex. Ry. ... .. 395 Montreal Power ... '... 09 National Breweries . . 120

37 13%

Winnipeg Heetric ... ... . ... 14%

St/all

40 salt

Com. of Canada .. .. ..Jol '

.. . ... ... 'li -... ... .. 01- .

. . 20%

un on 31'__

5.*

lla es

ll use

returns have been given out by'

- I -

"thi Ei ‘fu y _ _\\ ‘l

\\\

I Trustees

_they ferment-

_'I`3.

- Employers

,Z .

Eseilornplo:/etinCar_xadamuat

~ aretorngivingpartieularso

` ._.n__,____ _ __ f ' - " _

O I I I 4

I A ‘

I Dominion _of Canada Income Tax Information

4-,

Are due March 31, 1929 I

This advertisement is directed to:

>`\

\\\. \

flfrllsuxeeus

l3rr1;pl<>5neuns

\, ‘ .

(IkJr1p<>r11t1r>r1s

lil! s

_/ noraanx . /iw

_..-. ........- ._=T. ._.----. _

1.- _.1 1

12’ , <4"-

. ~ or .tss>»<~_

.,~@>~¥~ _ I ' _ ‘

‘.'~f.»`=rf_i"_€%@; '

;’§:.__=. ~

. "»`i‘3..»i~=-` " '

;/ff

I \

_la -Rvr. _-_ ra;tions

.'51 _truacees, ex?:et_ors, administra- tors, assignees, vers or persons acting in a fiduciary capacity ore re- quiredtomakeadetailedreturnofthe income of the estate or trust which

Thiarei:urnshouldbemadeonForm

. _

'WhatisReq1tiredof

Do not'incuf`the penalties which the law imposes fordelay

What is Required of Persons Acting as

Oiee at

CHARLOTTETOWN, _ P.B.I. '

For the convenience of the taxpayers of Prince ‘ Edward Island, the Minis- ter of National Revenue has authorized the creation of a separate district for Prince Edward Island. Mr. G. E. Ritchie of Char- lottetown, has been appoin- ted acting Inspector. Here-» after it will be necessary for residents of the Island to transact Income Tax business with Mr. Ritchie at Charlottetown instead

~ of at Halifax.

they éiilré, iiiiiii rggiiii l a'5"l Eli.

Employerashonldaakforl'oanfl.‘4_

_ _ _,__ _

- Whatis.Reqnircd'_of

Every corporation ln quired_to»iilearetm'ao£itadividends or shareholders' bonuses paid' or

ilsalted during the calendar year

...____

States water

by d0€S from

».

-or

May July Sept.

Moy July Sept.

May .

ss so h."

Abana Aeonda ... .... Amity Copper .. ... ... ....

Afdlw.. ... .»~ 4.-' I ATDO Barry

.. _ f _

andotbsrremtmeratlonesf ~

in comms ro seas ooseemins um . ~

;l;is'rcturn_shenld be made

».. ,

_. _-_‘_;;__¥

Get Your Forms at Once! °

Blank forms may be obtained by writing G.E. Ritchie, Acting Income Tax Inspector, Charlottetown, P.E.I., or the Income Tax Division, Depart-'

ment of National Revenue, Ottawa. Full instructions appear on each form.

Do not delay because of the absence of omcials who generally sign such l

reports. Any responsible member of a firm or corporation, or any person acting as agent for the trustee, may sign these returns _and so avoid the

penalty. _

Mefenallnrhelrseaeyformelanginfermeueorepormeqolreémldereae

Income War Tax Act. `

ing the week. The amount of t h°°m° Tlx Dividbn f°P¢¢d.unY ffm* Q 1 A- ilk for tha.

un-wld bonds now on the "shelves" _ operation of taxpayers required by law to make these torus-na.

of dealers, is estimated as upward of ' _ '~ iv _,_ $600,000,000 or decidely more than - §_ "un li!

r_ 1

_ Income Tax Division

Honourable W. D. Bunn, c. s. wwrsns, '

Minikef ol National Revenue. Commlaloner of Insane Tax. - l

CORN

oe :-9 °‘°'°‘1 9'°““‘

OATS _ -

... ¢»¢ 4 . . - ... .-. -~ .~

..» oss 44| ... -.4 ... ..

WHEAT

May . . . ... .. .. July .. .. .. .- ..

._-_-_-._--...._-.-_-_

Standard Mining *Exchange

ATWELL I COMPANY

Charlottetown Once

_ CTDSIIUII 1001"! (JIOIO

300 100 195

U U 11 14

I ea unseen Oo neluem . .

_ .. l...

85%"

sa. -ua ess

.. t. .. .... 123

ss 88 sz ns le'1 us

swsls

4a 'so' so so so rm ss ss' so

sm ‘Biz Missouri .. 124 los lor f i " Buckingham . . 'm '1 s I ' ‘L VD

95%

.. .. s s ers , < -4`

cent Man .. .. .. 45 45 45 Clerlcy _ . . . .... .... I9 18 17 Falconbridgo . . ..l000 990 B75 G1-anaus .. .. .. .. zo lav. le Hollinger .. .. ...,.750 'Iso 'loo

»w% r-rowey .. ._ .. .. 115 114 114 ' hudson Bay .. ....loco lass laoo

mt Nickel . . .. _.woo 4125 4400 Keeley.. .. ._ 41 41 41 Lake- Shore .. .. .2375 2350 2350 Mslartle .. ea ss as mandy .. .. .. .. no no loo Man Basin .. .. .. ol 49 49 Mining corp .. 455 450 450 Murphy .. .. .. .. as so za Menoussil .. .. sa sz 51 Newbee .. .. .. 33 32 30 Nipiulng .. .. soo soo soo Noranda .. .. .. ..ss'1s 5200 4900 Pioneer .. .. 4e 4s 43 Sheritt Gordon .. . 018 800 725 .. ws so 'il suoburyhain . .rm oso°s1s eyivanits.. .. iso iso no 'r¢ei¢Hu¢lm.._....s4o a4o sau 'navagmao . . .. .. 210 210 los 'msevnli .. ...loco ms mo

45% 44%

.. 43%

119 2-ll

13%

Ventana .. .. .. .WB "V15 900 vipcnd .. ..'.. 0'!

windfall

fl 90 'I 'I

106 175 42 30

.. ... .... 'I

K3!

~_-P. O. Box

A_. Stewart Jones linmzmfm,

_ _ ~ _PiiouoZ91L

Safety m . ` r_.

o _ _ of e o L Dzversz zcatz on

Investment inundation, Limited, enables the investor to participate in a well-diversified list of inveitments

. . . to share in the yield and sppreciation of a large

number of securities and financial enterprises pur-

chaseg_on _advice seldom availnble to the individual investor.

THE _ POLICY ’ `

Nat more 10% of the Compsn`y’s capital is to be invested in any Ulle undertaking.

Not more than ass is to lnvemq ni hay me elm rx industry other than pubic' utilities.

At leiit 50% multbe invelted in dividend-ptyinl seeuritieslisttd on some recognised axcnsllge or

Noiividond onstoekuntil tnerehu ` amountsquaito twoyosrfdi outstanding Pro-

‘ THE OFFERING] _ _

UNI

scoot,

ri; sg gl..

“No

Eastern

| 1

‘ -

l l :,‘

of neg 5 Uncut- is iQ

"‘T.¢-`_7.‘=' ‘

_ivy has ro- 4'-_

,ehe

the amount that has been sold since T °` "°'°"f

....1 0...... ... ... THB DEPARTMENT or NATIONAL REVENUE at ~

e"’““rf_

ri.

~.”S~

mf Pl EIL D

» -~v

_ `.f:~:.

f.» .

` 4'-M