JANUARY 27. 1937

The Bank of Canada is auth on behalf of the Canadian

$35,000

Canadian National Railway Company Ilonds

Guaranteed unconditionally by the

as to both Principal and Interest

Fifteen-Year 3% Bandits, due February 1, 1952

orized by the Minister of Finance to receive, National Railway Company, subscriptions for;

"THE

( IHARIJYITEYFUWN GUARDIAN

Morning Stock Letter

(Ilecelved over Pitileld and Co's Private Wire)

NEW YORK. Jan. Eli-No 1m- provemcnt in the news concerning the iiood conditions. President Sloan o1 General Motors has de- clined the invitation oi Secretary Perms to attend a conference in Washington tomorrow with the unions. The Federal Reserve will have a meeting in Washington t0 discuss excess reserves. Savage Arms reported earnings for last year at $1.45 against 54 cents in

Borden, Inland Steel, Libby Twens. Ford, Norfolk and Western, Rey-

‘ nolds Metals, United Engineering,

United Gas Improvement and U. S. Steel Pfd. U. S. Steel will also publish its earnings for the last

year. Alter bond interest and de-

Power Corporation-During six months ending Dec. 3i, 1936 net revenue applicable ior cymon lshntg advanced 25 per cent over same. period i935. In addition pro!- its on sale securities $700000 was realized. Portfolio has increased well over 841000.000 since June 30 -- ‘_ ‘ investments have value in excess oi’ 82.500000 with cost value under $400,000. Book value oi common stock at end oi i936 was $32 per share. Combined electric

output o! subsidiaries during the‘

last six months increaaed 11.4 pel-

G v e u the previous year. There ale a cent oiggbcoéresgonilins geériodbff‘ - im ' i935. u urn cem - 0 ernment of the Do mlmon of Canada lac; ul:".l:.;"".:;l;§ . P01‘ wfit-Souwherrll “m...

Canada revealed a gain oi 37.1 per cent. Canada Northern

pel- cent East Kootenay 7.8 per!

cent, B. 0., Power l5 per cent and Winnipeg Electric 9 per cent.

Power 6 .

Yesterday's Price

TURN O

l-Aull five

‘C-‘ADILLAC

A low-priced speculative opportunity in an attractive location

l [he fouowing bonds. quarter after the close. General ex- 55c 220-140 35C $1.72 $9.60 ‘ t t1 til t t 1 t si , $15,500,000 3'53‘; Zhfiwlmfi. iii be F35 Y. Stock . BUY AT TODAY s MARKET orted We would look ml ll a ' Seven-Year 214% B0nds,-due February 1, 1944 y gidedly llTegi-llai‘ itinrket today 8:5 E h w d R d & c Issue Price: 99.125 and accrued interest. hllllliverllllls. nus Wm probably Con‘ l s e Yielding approximately '2.39% to maturily- l I - _ K Summerside Charlottetown MN!) l l ulllliggsfrfilldlllinneiiblllilndsgl l (Supplied by Pitfleid a co. PM“ 166 PM“ n77 $20 000 000 l net eamings weie $133,776 com-| members oi Montreal Stock orders Executed o.“ a“ Exchange5 ' ' l l pared with $107.84. in preceding’ Exchange and Curb Market) ' l l

: preciatlon there was a deficit oi st 'ks ollell Close w ' _. -€. I d (Callable on or after February I, I948) $152“, compared with a deficit "“ I tstlillmfis-fitlffi jgtil <31“. R J _ r n84 l Al Llltlil . 1w" T Mud‘. 4,. Issue Price: 99.50 and accrued interest, glaring. iipltplrev oggclmggtirtimlfst it)“ at; m I-'{""\l."~~l.l r 8n u. ' ' - l - ' . n ' ‘ ' - ‘l t.» ‘ yielding approximately 3.04% to maturity. the yea-r iroln $215,528 to $154,768? {ff} .,T§.".,.c, lliudCcllul u“ Irlllllt-ll ‘(i-ll I -’_ . _ , .. ll lUi ills um Bonds will be dated Febriulry l, I937. Principal and interest will be payable in -- c P R Tum “mines week ‘_\;§'.,,.,l,l,.'lf," llll Jflulll Tel l: llub _ lawful money of Canada. Interest will be payable, without charge, semi-annilally January 21 increased 9.4 per cent ~‘- "““'“ l;1.'.',‘i,",...;‘.‘.“.“ l 0" Febrllflfy I, and August 1, zlt any branch in Canada of any chartered bank. 0V" 5010B Week B Year 880- Fin- if?‘ laifmljii ancmg oi motor vehicles during ‘l; C"; “vii rlllllll These bonds will be a dlrectphllgatlou of the Canadian National Railway Com- gxfgelglfzhygtelifidof7igager all‘: i‘); Ifii" 11:: ‘PA-Tau pzlny, the capital stock of WlllCll is owned‘ by the Dominion of Canada. Payment p" cam Copper output zyurmg \ ll Cllflll Reg “Weliirflll ' - - - - M-"l-KSH gt pfllilClplll and interest on thescbonds will], under authority of the Parhanleilt of Iovembe, highest Sh,“ March 1935 w? [Qufco MOMREAL, Jan 2b. _ (C?) _ ana< a, be guaranteed unconditionally ‘by the Government of the Dominion of and 7 per cent in excePs oi No- ifjrfkPi-itit Prjce5 remamed stlzady on Quhfld. Canada. A copy of the guarantee will be endorsed on each bond. "ember 1935' Dunn‘ u m°mh 9°" l-lll-llllllllllll ian commodity KEXCliiJIIgO produce i ' rod oi 1936, however. output was l'i‘l|i| ll it section tgdayg _ Proceeds of this issue will bc used exclusively for the payment of temporary loans #1681101? 110W“ thtntsrlme Perwd m" C0 gutter spofiul’; fggfgldfd gs obtained by the Conlpany from the Gotvcrunlent for the redemption of funded vefibeflag 23°21“ 1°“ gig; l Iyswl lrlfflh w, 54l- Fmdedi 9"“ "e-‘h b“Y"5'm‘ debt h- h h x _ ~ P9 l I_Hh be? -\_ J -, ‘e spectlon 24 1-2, traded. w 1c as matured or has been called. - sa n: month oi previous year. As- llifi‘ Ull (.0 fir, Cheese Spowunquotm . . . . . . . ‘ l bestos production increased 45 P91‘; g lllml? (-0 sl E . (r-Orit. A-la-g 24 i-2a_ Payment to be made m full against delivery of mterlm certificates on or about . mm for November over same .lt» fg.‘_§l"r‘gl’,;fjf,lf.o _ w‘ 8,71‘ Aqgeggiu? 22 ma, jygLlufls m February l, 1937. D _ r znontl-l previous year. ‘i122!’ o“ use 40% 1'23" enolilma Ions: . 2'/4% Bonds, $1,000. 0 3 70 Bonds, $500 and $1,000. I . . . ~ " I Subscriptions may be made io the Ilea-cl Office of the Bank of Canada. Ottawa. through any branch in Canada of any chartered bank or through any recognized ‘ x dealer, from whom copies of the official prospectus containing complete details of L i the issue may be obtained. . l ' l ' The Minister of Finance rlieserves the right to allot sub- ~l v l l l scriptions in full or in part. ' r ' '— —' U": ' ' The Subscription [iris zvill 0pm on January 2'8. i397, and will close aria either M L10. l nlaiurily 0r bur/l, with or zoillloul notice, at the discretion of the Munster 0f = . I - » I Flinam-e. ' l l Orr/nu, January 27. i937 » : D I L I l I 1-5‘; l ~ N \ elm-gs 101 ‘g0 | ADMIRAL l ' Mt '1 Staflk MINING 8?l“‘?é2l..ll... “S 6*” | cAo|tLA¢ Pnulour 370 / l . _ fisrlliblll l - ’nil orl- ' Exchange l (Supplied s; Woods-Reade me l;Z.’..'l"“5§Zilll 5h‘? _ Company) iazfgll-jsluon Clobait “l! l A Itfleld a Co 1- lllsnaercrow fi (supplied by P I’ ~ l; 91"" Porcupine Crown 11/ membfll 01 Mmfiul stock M“ 9 Powell Rouyn 160 ‘ _ . and Curb Market) _\.. r; on 18 Pl ll- 41s . ll ll 0 T A ll N s “°"‘"‘° till" “ l?“ l=:§§‘"}..“.?"""° l / ‘ ooh . llz - w s H m.- 150 Qll hec o ld so ~ . " mi - ~ till-il- l l€£l“ltl‘él"°' ll. e ":75?" u» Everyllwll T01 l\u;:i<l llurllnliln 700 Reno Gold 1'51 c‘ L c . l ~ liiiiill““~'ill 1...... ‘iill ltllfl“"ll... .3“ °°”-"°‘°"-“° "W" ..=s< . U. ‘ - ‘ ~ \ Wednesday it Se" lit-luster ill u (‘all ‘om l; lk -l -.nn llonu p9 urday’s Issue. 5:: if; 012st: .33 ' Eli (‘l1 IQ t i. liln vlll- I'M lllllgllllll 152 “"09 tlio ' ‘. iiytlo i'i'd 1m; Missouri 1H Nlluiun Hal 233 BETA“ ‘Ann-I ("lllilil llui Al A “MUD 22% Sinllllcorln 140 ' AMO$ PAN

(‘ell-rv bunch w‘ lgfsc-unl lllilltlllrllgl-oillowey ‘i171? lgl-lilfilrllilgmlzl] cAall-L*c ueflFfl (‘NLDIAN

Cur-nits 3g rolllllcsl- ll R X 91.4 glll-Rzllry Cub 30 V“

Poplin“ pk (‘oi-k Plow iiufflllu Ankorlte 1200 Vi“ H‘! Mines 31,5

'1‘ \'lll|B 3 l" 5 (‘oils dluclt llllfflllo (‘nnndian 5% >lllllvrln 310 Y ND _

bunch 7c 5° llhsrll PL lillllllrkvlllllllllollllton fglilshontllm ‘iffy, MA RA cwfli/e-izgi

qqnnmk‘. 1mm 8-150 llmn ll (‘illlmll 7i! leek Hilirhel 530

'l‘,,nlnq.leu rim; n; 151‘ hum let i‘lllllll|iill' Mel 20G 19f!!! CHI 210

éwglnlnflr; mnmw n, all: lthlédlllllcc A llllhllll-‘nTrt-lllewcy 155 "lblwilii-{nmsc

Agata?!‘ pk 3m ling Elcr B (‘l-utrill Patricia 425 V0111 rv- 290 1|

1;...“ k 35c l-‘ollllll C0 ('(‘lllI‘ii| lml-l-upinc 32 Wflyllde 6

slt-llk ll» M-col: (ion s: wllr vlulvl-lll will 2o ‘ii/mile Amulet “l;

Llajlslullxls: 113.17‘: g-‘ltaulifi-jl f}:nlllrnllélg-llfg-Jcs _ éxgyélhg-‘glélrlll 7&3’ MASSiCOTTE

. ‘w. . t4 .2.’ ll I'll F1119 (‘Ilrolu um an ee 37

lllll-l?” m“ mllfi-"Ificl [Ill-w slllllll vllllrl-illll 51,4 Total milling sml 2,401,000. Um

llu ‘, l]. i HUI, 7 M‘ CE mm" ‘b $3132 lldp Vlllllci (‘rlfllillycfifl 1A -___?__'_ ggpL '40¢ lllf POW rm vllllllu cml 2% ' g ' VENTURES V

, 3.112;: llltzlfvlll‘: :1::'..:.1!.*.... ill Pmdmie Pm-‘e’ l .1 l». .

: ‘ 1o n, im- ,\I|‘l'i>|l Ft nllllls 0 4050 _ ‘ . i

Ellllfial: l‘ t 10 lb: »,\\!'l;'=',,',’;;$‘ }.;';,'_.',""_l,.]"”°° 13111,‘ MONTREAL, JBJJ. 2s - (cm _ S E‘ I ‘

mu» . \ . , ||"rk ‘If,’ "' “ 1540c Qlli st] Llli‘ llglltlhcuiiillhldgp 2300 Butter and egg prices held gener- a Iunlzvlllgolal‘ Fmlvml Kirk 42 ally steadly in Montreal open pro- x Q|“\')|'(' lwlw Foutilllla 200 i100 mil-i‘ E today. R J slllllvuligllll lfrlllll-ul-ul- 1:10 and“! a" ghlpfngntg m ' g; l - l‘ 1 s.‘ ""“' ljhlmrf‘ k, “'4' or less were quoted at 24 cents s I . 1:,',,,";'l',,',, pow lily; {ll-la g: dozen ior grade A-iarge, 2'2 for A- De”. "ed and 0 n b i st r vllll lo-ll e 41 ln dium and 2o ior A-pullets. _ , '1?" . -' _ . ‘ ‘T; x253." m ll§f3lli'.'“s.”°" f}, eallml wllll quoted at 25 1-4 was ®CHA wvn sravlct. 401 tzFfiill-‘Y-

(Fulilillrd by Phlield m: gov-am; \Vin lilies; s tylullv-m- 112° 8-4 cents w pound tor “new or Montreal/hm 500F665 bO/IéVCd -

5| | 5g XI.‘ u t-ruw A _ l ' ’

‘nléilli:z=tr:dllgzlrfhfiflu-rag‘) “w mm‘ w“, gllllllrlsnrll-lca 3%»; 18ers: siren?’ imwhfildztsmtg 21411-12 3 obe re/mb/e bu/nre no/‘gl/aran/‘eed

sllll-t. owl Ohm III-lllnucr sisv, ior prints. 0;;- ~—~ __.__..____,__sk*;r_~~.~ ' " 1 Ill} .

"' ‘°""‘"" """' ""'"" m‘ W h was llotled at la to 1s ‘

4mm" 9 M’. ch" lll-ulv-litend Q c ecu q

Aflnmm, . ‘m... “ll Flock! ll..,,-.._v u 1-4 cents per pound ior Ontario: s n s E c u R T -

2r t ll i. B ' hil bees uoted.

“$103150- lll ti: €.~¥;t"l~§‘.. “Z12 gllflfing" W‘ "slillili. P i?’ ill-l m 8193 = l‘ u ~ 0% I ~ I ll- li 2o .' ' '.' "“

1.». ll ‘it {till hi‘; -~-=~-~~ BRABE alocl are 1122 omit s1. fin urn! ‘l p ' My, l \ V’ . . . ' Din ‘lvkilfl 14‘ i?“ ;.‘{“';',§m, ‘Sh 24-“ ‘l-faimnllnron f” MONTREAL. Jen. i0 - (OP) - CHARLQTTETQWN

m Tar 105 i 1n a m, A W,‘ 1W xml: Ely" 9,1, l“ gm," “m Wheat, Nor. No. I 81.81, barley. O.

ljlllllll 3H1 at}. l}: l1.“ all; llillfl clllluet is W. No. I .81 1-2. oats. teed. No. I _ _ _ _ _ _ __ __ _

£,‘,';*'w,,,,,, m‘ 2'“ o." ‘till v.1» git ;;;g:;g;'g""¢ ",1 .00 1-2. No- r M 1-1» ew- QW- _ .. .. .. . - .. _ _ _ _ _ _ _ .. - — COU PON - — - - - - - - i

Home Oil 380 365 Humble OI __ 1mm] on f] NO. l $1 1-,. '

NIP on 21% 21v. 1m Gold w, HOIIIJPHXII vhvlt lltbntllflrlfl T ANY

00.22:: A .2“ c“ m" "r ,,, #58 Wm“; m w; g, $3.2; ISLAND SECURI IES OOMP L'I ‘D-

r ,. . a --- - °" u ‘l ti c 410 W1" W u N, l‘ - ° - .

R $2 “ll ‘Z3 m’ ' a b PM“ m. “mum yllllfgll a to us», wlllts sol-ll also. ~ BRACE BLOCK _ QUEEN, ST

lflllilil‘ ti.“ t?‘ 0:281‘; »=’~-~~-_-t;55 =-'--~-- dill?” b‘ w§';;"-m§§un”‘{f,§, ,§‘.,";,"'- f‘; CHARLOTTETOWN, P-EJ- P-O- BOX 426

II ; , . ; I0 e _ _ llllll sllllllmll elll-l» w" m“. gilflllrletsgjfé 10% oats, bq 9o it: $.66; hey No. i. Please buy for me shares of Brown Cadillac Gold Mines, Bgnkl ac n yre _ . , p

~ l ‘ s “EL- ' ’ ' “Km” n“ " l: i! to il 1-1 Ltd. at 20c per share. Enclosed 11'9"" m"! the “m of I

(gimme. h, “flak”... m‘ Bl of (‘an a‘ . m lllcilillen i055 I ‘ x a} ! _______i Bank E

Oompm, l}: flmfil; 24o 240 mfxliilfm g 3"'Win-5“:ftom_ ‘fir’. a full payment or draft ———-——j l .

all o! u. s. m’ m Mfllllfld on n I‘, ' ' ' = lnnh .. Ill Anlea M,“ all ullllllg Chip 3g A-l medium .90. A-i P111100! I'll 1 a i‘ m t 24 A-lu-ge .80 A-mediunl .27 A- - NAME l

nllllall sn rollom-o svsmols ltiolheotl m“ m, x 51""; m, g 3;’ pm PLEASE mm- l hl-Tlllfi’ gill ‘é? -,, fl m... RFQZQKLW‘ m‘ volatiles: lull. No. 1 m. 00's ' ' l mlwflll’ will wit» 0.03:1“ i" ""'"'" "' Nvvihcr e $1.00, NJ. No. i Mu. 00's 81.0. ' ‘y; l _ u tn l1 L"? p \‘i . ‘ i p _ ' ‘ ._i 800th Inmmrm‘ mm“ n" 2.“- énqtiztdzf. u” QNQ. N0. l MM. D05 I13! rAbnRLSS ‘ we»... l-III m‘ Gnldl w." "‘* Slums. -r"s'vl§'s' u- llsslm all elm. -

“ll h ill lulu Gilli 5"‘ "m" l”