fill

dll

rm: CHARLOTTETOWN "(lgélilﬂiiﬂ

i mesa raaruaes AT LOWEST mes m

[HEVBﬂlET

i-CYI-INDEI, VBI-VE-IN-IIEBII SPECIAL TRUCK ENGINE.‘ New, Improved. Power increased to 78 horse- power at 5200 rpm. z s: torque stepped ap to 170 ft. lbs. at 800-1600 rpm.

ILL-STEEL TURIIET TOP COUPE TYPE CABS.‘ Smartly streamlined, fully insulated. Safe, compact and Con- venient. All windows and windshield‘ equipped with safety glass.-

PERFECTED HYDRAULIC BRAKES. Quick-acting, positive stops In alt weather. independent mechanical hook-up operated by hand lever;

IMPROVED STEERING.‘ New de- sign worm and sector steering gear and front-endsuspensioninakesteeringeasier and surer. Ratio increased to i6 no l;

-----.. BETTER LORD DISTRIBUTION END GREATER LOID SPICE.‘ Bigger loads per trip z a‘: more tripeper

day m’: higher earnings per truck;

NEW SERIES OI‘ LOW-PRICED

FORWARD CONTROL TIIIIOIIIJ

Wheelbases—- IOB-inches z z s lift-inches ml: ISSl/Z-inches e l 2 Gross rating 14,000 pounds;

~ have a press conference

lsnwkomnnnmw

l

t

MARKET BULLETIN.

IIoivoloIIIoob-Iealaanlvocgaq lgeehl Ike;

4-__ ‘ ‘ ' NOON COMMENT

l l l The selling wave which develop- ted beiore noon was preceded ear- llier in the morning by losses in the steel group which evidently were occasioned by the renewal o! union labor controversies in the .industry. However, despite this, 'good support for the steel stocks l may develop soon due to the sat- isfactory longer term outlook for steel demand and the ability oi’ the industry to pass on increased labor costs more easily than some other industries as demonstrated some months ago. The iut-tther labor troubles in the auto indus- try and the despairing action oi the utility stock probably are in- ducing sortie lightening -oi' com- mitments and the market. for lack .0! more cheerful iniluencs, may lcontlnue to drift. We believe how- .‘ ever. that with most stocks show- .ing a substantial correction from i their recent highs ti: will be well lto keep alert to the rallying pos- sibilities following any change for the better in the present market sentiment.

Iaidlaw and Company.

MORNING . MARKET LEHTER.

t; l K. 2 l

NEW YORK. May l3-'I'he mar- ket made some progress yesterday morning particularly in the rail division and in a few inditstrials.

tendency during the early alter- noon and gains were more than erased when a moderate amount oi selling iound a thin market just prior to the close. British markets were closed which con- tributed to dullness in both secur- ity and commodity markets hero. Although most of the iactors which caused the decline in security val- ties over the past several weeks seem to have been thoroughly oon- ‘sidered and rather fully discount- ed in present prices. renewed dis- cussion o! late has centered around the extent to which the market for heavy industry shares will be able to withstand the expected decline in the rate of steel production this

lsutnmer. Some oburver: HOW P?!"

dict that steel production may fall as low as '10 no r w" l?! capacity but that operations will pick up again in the tall. In our opinion, however, the actual rote o! operations will be less WW1‘- tant msrketwise than renew-l business sentiment. It business te- malns convinced that the trend 0f the busines cycle is still upward it seems probable that a. seasonal lull in steel production will be cheerfully accepted mrl-icullrlv- ii. in the interim some o! the domestic political uncertainties have been clariiied. ‘The presidents return to Washington in a few days may produce some develop- merits in this reel-Wit-

Inidlaw and C0.

MORNING STOCK LE TIER

modulus: Iﬂlnldonlwehlnloﬁio)

NEW YORK. May iii-The Lon- don market opened quiet and steady. Domestically. overnight news is rather mixed, two oi’ the Jonm and Laughlin plants have been closed by strikes and there are also further labor trouibles in

‘ the General Motors plants. Presi-

dent Roosevelt is scheduled to on his train today and is due back in Washington tomorrow. Oluett Pea- body is expected to split the oom- mon stock one iior three and after that will otter new stock in the ratio o! one new share for every five shares held. The price will be

udeierntlnod later. We would ex-

believe that than will be more peotoninegularmarhet today and

subsidiary ore on 1,300 level.

Hard Rock-Drilling east and west on 201 vein in No. 3 shaft area is showing heavy visible gold.

San Arttonlo-Driiting on second level has shown 600 feet o! ore with lace dill continuing in good values.

Bankfield~Flrst bullion to be shipped early in June. Company lies two years reserves on 100 ton daily basis. averaging $31.35.

Powell Ro P")! has in sight IDOIIX its main development 2 1-2 years ore reserves.

Pickle Crow-Excellent ore ilengths and values opened up on three bottom levels.

Mandy-Company has engaged |an engineer to make a survey and

MAY 14. 1937

CANADIANS AND THEIR INDUSATREBSUIOJAND THEIR BANK

l

mm,

I mm mu III/W’ "

in the last calendatyear Canada had a foreign itadcamount- ing to 81.663.095.000, an increase of 19.7%. as compared with an average of8.l% for 24 leading Countries. in this ex- change the Dominion had a favourable balance (including

exportation of gold as a commodity) of $593,000,000. '

Another feature of international trade was the tourist business. incoming and outgoing. totalling $555,568,000. the balance in Canada's favour being $155,958,000.

With the ﬁgures for tourist tmle added to those for ordinary commerce. our international trade tose to $2,0l8.66l,00O. with a total balance in Canada's favour of more than half a billion dollars.

3:0“!!! plays a vital pm in the upbuilding of the foreign (tide of Canada. and foreign itnde is the backbone of the ‘nhtive industries which ate the foundation of Canada's economic structure.

CANADA'S TRADE WITH THE WORLD

in providing ﬁnancial service for this enormous trade

leading put it played by the Bank of Montreal, which? with its $00 branches throughout Canada, its own Oiilceg in ﬁnancial centres abroad, and its own banking cert-export.‘ dents through the world, carries through promptly: and smoothly the task of ﬁnancing the movements of to‘

inﬁnite variety of commodities.

The Bank's services incl ‘ . Loin: to importers and m porters; purchases of bills of exchange representing m. ports; providing comm: ill creditifor purchases abroad; purchase and sale of exchange "future? for protccticn against price ﬂuctuation io foreign atrrendea; rpedll wire facilities with the iinpomnt exchange mtltm to speed transactions; reports of ehmftet and media, of foreign firms: commercial accounts; foreign currency so, counts; safekeeping of securities.

BANK or MONTREAL

ESTABLISHED i817 a.

HEAD OIIICIL MONTREAL

Charlottetown Branch: A. I. B. BELCHER, Manager

uonsni. exrnisucao BANKING SERVICE....TIIB ourcosn or in YIAIS‘ succsssruaorsitniou‘

T o. ROLRI- dMWEf‘ a" bWBf-Pfl” 5915- 03"! 9011 all than necol- _ plus signs than minus ones at the tstudy property in iriin Flon, Radio x o am s35; Magnet n i. uts Jory truck features. But Chevmlet do“ more than that it o“ ‘ end or the day and that the mils Kootenay Belle-Production dur- }.““"“’“° S‘ w?‘ 3'“ 191mb“ 2 . - _ a e n OII , _ tears Roe Co Si}; 83'” .\l.|r:ilgo 15 buymta‘ worth Kl .> _ will be arrwng the better acting \ April maintained at new high s...“ U...“ m. Mum... -- ,., 2 M l C b ..,_,- W ‘i; Premium-u record of proved performance and ~ stocks. evel. . Bout-h Pac st- t; Mill! Rust. t tat/y as; Ontrea UT economy that deﬁeg ¢°mp¢m°n_ Norme to en- Egg 8}.‘ "ti. ti,“ a“ ;‘},"~". $9M" " 1.1. _. > NORTHERN mum NEW! gincera report 1.000.000 ions have s“... c. .6 .. j :§..'.‘ ~‘.§° L “i ' “Q.” w m“. g If you are in the rnqﬂggf f0.- u tuck .. . u... h.“ k 5° ha" - ITEMS been partly developed, and in- Tex Co do tea. hit-Vittio 1 - 2n In...‘ “a . ' ' - Y ° m 40h i0 United au- zftl 2a u-w n ‘ 3 "ﬁt" 14°“ w - . g - . _ _ Manama-Rich ore opened in the dloaied by diamond drilling. m‘, c , - * a 9:, 6 ﬁcugghm“ Pi"!!! n1} mwlhquto Chevrolet .V. . invest m Chevrolet. Here's a 1 Kim; DZ“; ° viflﬂiﬂﬁ "" :2‘; ' ' ' ' ' u F‘— V I I ‘a I I w . commercial vehicle that a easy-to own and easier to operate a a . one that Unlmizui" ‘m’ “t? _ .‘.'.l‘.'..“.."..", “foo 5...... ' o,“ C...“ will longer and wear well. Liberal allowance on your prooent equipment Montreal Y kt ii s‘ lsntd CA0! snag s? ottiiprgiii“ ‘IE 2332?. wit“ C's? plus the convenient terms of the General Motor! Instdlmont plan make 3w or wrnndolrmhlroo ii ilililiit at“ inhabit - s? is“; i ruche- <= m» bun»- mn». st ck Excha a: n“ n, n; .1:*:>.'.;~;;... a; ittaltfsii‘ ,-: t 1 I Q "g3 West Else ma. m». i-l-ittt Uro 21a Bath a ~ » 5 11x l1" cr-rn p Wonlwmm m W‘ pram We y gilt "Alt?" M‘ - i; .5 i . (Bqpllotl w new: a 0e. ..".""'.“-" - "" n.3,. 331' m. IN - . - unborn olllontnal liook lddit-llrmlvnriivll i0‘! imm- v r c ‘i 4M1 89 Q FROM YOUR NEAREST CHEVROLET TRUCK DEALER Month-m MINING - , :50 Ford t t... m. . - ' i-rstnn E Dome ‘- ‘v 90 H" Wllibl‘ =--_:~ ~—-____ lll-lltl Alllh v, ps5 Home Oil ' 11o 15 ‘_ _ I ‘_ 1 ~ —~ — -~———- n n lit-ti Inke \ 42 n 011 l 21% §-.‘.tn‘~i’.~—‘ts 0!‘ t- "M ‘° Stocks Oven oi»- lunI-nu Ina-nus o». .';.“.'.‘.."... . t . *2 “lnilifa v a“ “a PRINCE EDWARD reaarm i‘? on“ mo” A! ch m t "Mm Man“ v4. T“ ‘.6 n “W. ~- “ Price PM ' M M A c \ M“ u ___g Roche I l0 BET“ggeétzrlextiijonélho-ggzieeilor 159% 1:“ All if: P? 1 w‘; n!“ ‘a? shah on,“ 2E2: :5: Egg: Rog! hbslﬂat It“ a’ _= " _ g —-i——- 1 1 "ir , ea‘ 5”"? ti‘...'.:r.r‘°l:...>i:t*‘i:s..¢.i'i‘2i::::. The three m. old pure n». h- t? its“ ., F‘ ‘iii ‘n him» m mt!“ "e p. . r sinry Ann xthitnntiitt lﬂlt! oi’ lfhrtr- b. . ' - ‘W M Alllwmlill l . q 50% 49 MW" cm“... M“ 11g hoop..." ... Cy...“ mun“ m m... ted Clydesdale stallion aisle 20% ﬁling-g. - gig/i Pgzh tlﬁlllolﬁtzldaouyn Qhm L m. u l? l" ' ' P .- , 0 .

grmltylnaitnulnyiitihtt. deceased intesisL. llioplnt Plegsant Jag‘): vulhl be n n auxin?” 3g. a: ‘giggfd glilhilllkqsm :35 NI): n l C0 < . moor McDonald. Ruth inrvoy and a use ms.’ Sm ‘c’ C a‘: 7“ 7" ' ° ” " m’ “°"" n 333N201!“ ti‘: Momma“ u” a " w’) “

Hrilo-nxﬁnrnshy, t-Wﬂﬂnnng i lottetown. Friday of each 12%‘! 124% gspglvsth .10 gfgéglg. 1Q Sylrlhitb soo Wheat. Nor. No. a use l4: ber-

"t Si',\.\'l' ,. . - - e _

Vili-rltniv-llﬂr Uinnnti!» (lii-‘irltfirn agn ihv; week; W!" remam home re_ RH". M " m‘ M‘. I ’ H Fllitcdina“ hi1 ‘E12 u,’ °'w' "o. a ‘w’ o.“ nod’ no

/i‘ .\l.lv 19:27 i- - .- i ' d f {h t’ Th‘ - * , tolnnmu- [I89 llnus 46 . l‘ I .60 3-4; N0. I .50 I-Gi Oltl. O.W . l lll<l.l.li\ mﬂlﬂ GI‘ 0 e "He. l5 “in-M om; . a. 1 . B 1 “(n 10bit"! 220 t ~»~l.t~..t ht ti.» anlrl tit- . - _ - - .1 lock llnw i. t, nu. (m Ohi-t HW- Mlli "I ""8 r 9 . 'l‘o\\'nil 100 Ne. 3 .04 1-4. ill‘ ltmw-vta t-lttltnittg nnr E ls a ‘Ow Set horse! the klnd PM" SUM‘ 7“ n“ "hull" Ill,‘ 1M mum“ Ln‘ w Ventures I76 Fl ﬂ ll .. ._» 1.1.1., t.» ant...- hi... f _ . , . o» mums-- m» Colda. n t s“; 2i 2i (our Sol l5 1m n lilal 12o “m m H" R m Ollr-BDYIHB Wheat vﬂteﬂiﬂ- Yl ,...,,,,.,..,.. H, m. qmm," aimers lime been looking -=_ ___ . Dom can m 2w. 20 (‘om So 214 av, rattler Mu ' ‘ * t a-uo; seconds woo; baker! mo: _. M..."iiiiitl.“'§‘.""5i5,.‘°d°l""; for: was ﬁrst prize and re- , 33g ggru» f} f?‘ g2: gig-U “it '“ pfffpgr.’ nrlutvrln winter wheat potentl. choice 0510 ‘ M‘ M serve champion at Chat» Prince Edward 222's?‘ t... n. tiPtilftt. n. t». #2:: u; 1i itzw = ‘iii "...."‘°°..‘ .‘;'.‘.‘.“'&”;‘s “£03 “a2 tilt» n» fl n , < --- v - g i _ . _ ;

....':Y":T:"*.F::"i="i‘i hi‘ "-’“°'<°“l -“‘“""~"°“' “° '" I I d ll ' is: lalﬁt t. his. Si?‘ tau sin n. mitts‘: i‘ ‘i sinusitis... a. tam! n»

t... til in”. “All ..L.,....‘_.'. ','.“.{‘§‘ {Yﬂhf V1"? hill" "lsllccllflll- 8 all Fniinil w» inn Aitln 1' asst sun. (Yllrllmllilll n". airullttvrinuﬂnu. w} ed oats, bag a0 lbs. $3.75; hay. N"

t_-.~.-~ t. n.» t...) m... (,()R])()N NEWSON lien st. w H m; in l‘r Lt. i855 i634 Iuirkwnter F?‘ ..nn,..,...,.,. 4“ 2. per ton, carlota $9.

t" M ~~ ~ v- North mo}. Annual Meeting t» u liilftiﬁ: t... t. ~ '14P‘ l": Wee WW- “- 1.7.17" |g_ gunman; Owner ilttm Bridge 1&5; l $6. Gen Funds B0 80 Elililfﬂdii 9g?“ 922.31%“ Bill-MI‘. .39 I-I M Z F‘

i 10' it 11 | Rugmmr‘ I 3 l ' ' Wsnnli" 2i iii/i ghhrliigh m M‘ gieinnitlirk 11"."; n"“’"“' W 7'" w" m “"9": A‘! h". a

17in‘: -: 31 ———~_ _, g____ ______ _7_4'§' 2'3‘ ______ A__~_ _ N ‘ h h b l": INp-kpl)“ My 5g “only 2r 3g u“ Fltgtorrit l“ I 1:‘ glnzzlllgnmgl” o A-laimadiuzran ?: £48121”: k

nice r iven thnt i u- ‘M; " u hi1:- '-l I i"! l y , _.. . ' me um.. ; .. : . -

‘H“'““”””*”“”‘ pursuance or ‘thee he: or income: {;';‘§Z.,?‘{‘.“.'.‘.‘ ii‘- '.".‘. '.‘.;"‘..,?,'"‘ ' 1gp.‘ 1.5,“ {;;,'.‘;{"'.§,.g.,, ‘.11’, will... "5’, ' Potatoes: P.E.I. No. 1 Mts m

a "it"! I Dllbllv "M"!!! 0i l-Il con- itbitnii Ff 975 M. int Hdi‘ tum 1541,; Gillies Lake 1‘) ﬁflﬂffd" P“ 351; $1.05 t0 01.10: N3. No. l Mil WI irlbutors to the Prince Edward ls- “i“"* P“ W4 ""4 1"" T T” m“ m 6mm" G if?!‘ fIttlrlLRan 36:5 ~90 w ~93? Qm- N“ 1 M“ w‘ ‘u App” Minna“ ha". h ‘and "own" Wm be h.“ m s. inn. brew imp. 30% Jphnn Man 125M 125% Htlrrl Rock y Rudy,“ n H‘ m ‘l. v-ihr- nut Pnilﬂn and . , ‘ "I" '“' m‘ *3 *2 59"" 54 51 "k" .'.'0o Hutch Lake 10-10 l; (g1!)- _ .i......,, A... ...,.,,.., ..,_., .I'auls Parish mu. Charlottetown Mun-i», (u '1 u» in» rue R: ' °'"""" i=n..1i...t 11.30 mmmut- W! "'

of Farm. sun-k and liter-chandler. quickly m" itlunc. on Thurs...“ M, go". 1937 Win-r inrv l? 20 Mont Ward M16 4P} ‘°“"“Y ‘d... Jultnsnit Nip 5-1 75°" "Win94 “mlhmﬂd I

"“ “""“"'“-"i "a" m“ “h 2 "'°'°°"' ~1 there's noihl out»: l 5.00 n. m. roi- theypurPﬂde o! elect- Shit-Pm‘. ~r m: ' it“? F?" 4th?‘ 41.1‘ iitltiiisid-iiil’ in '\'"“'¢""" 11-14 118M trldln: on all divisions d

pthﬂtltrtlt “Ravi-p; ﬂu», milps‘ (rugs t zo N ‘ in‘ Tun“, f" u" ‘ovemment o‘ s“ “w 1-H; m8 M" m! a Jam.“ 31.; ilililpésupéd Rand 580A‘ Montmﬂ 0pm pmdugg market:

nro e wn. arms con alnl . ' ' ‘ 5| L... 11.; _-oi. 9g, N" m“, p,‘ 3115 3n J’ l\i (‘nna il ‘ ' Md 1 stl l . ‘ - - . 1 I 4i l-Y-

:.";:":.:':.":.'::. M | NAR D S Al: ‘.';..‘°:.:’."‘.t';"..:'.’.‘.“. Twit“ 78 .. l3‘! rm = n .2 tliliﬁin it git: lazi- mi...‘ arms t... not... t. a... ' ‘ ' ' ' ' ~ u f h b m, be st CM! Pm Nnr m» ass; .12 Kirk mm 170 MINNIE _' or less were quoted at ll N!" l nsr-nr, or "ma LATE l iii-exalt” i: c. u m" m" m” A viii.‘ M“ till? 191:3 hi“ ltiioo ifrtivtitrt-oh m ‘ill doaen for grade AJITIO. 1a 1-31:

"(WM-n mATliisoN i ADA E. HARRIS now sovrs Arvin/tors "w" n R 43;‘ u hm C“ 7r? itizililii-t-tu" 1543i: admmdhun‘ m ‘attend "tdﬂmlnroﬂ

’ ' " ‘ ' mm it 1. up: . ' ' Butter was uo a - I‘ A. “minoxmlu, I siitidrimtn-rmuié" lntlliaithls 1mm off t ‘rs M" Parity“ M“ M“ “ijtglttom thus higgitihnlaa a? B Pound f0!’ 11110" 01' 1°" i” N‘, Aummmr‘ N I M E N t Prln 3g ,4 ' o n“ l. Rails mist m 1 a: ' ' Phi.‘ h”; m4 my. Little L L M" ‘WW’ W" i while lots to retailers were 351-1 “*“””'”““ l 5 °° ‘" blind Ilolplta . Um"... 2117 o“ M, mm mi (‘n l8 i1 \tln-sm 5'1“ N°'""' u‘ for solids and 3G {or prints.

L-31l-5-ll-l3-14-l5. rJ-lw-5'a-7i' Radio Cu e s tInclfrl-Ltfock ilo stamp ma” w” quot“ n l‘ an: . ""' , - "W ""‘°""'“' 74 pound for No. l Ontario. QM I"

BRINGING uP. FATHER n-By Georgo McManus 3H3...‘ 1m . . “Mum... N 1 m

"Pemiah C 80A Pﬂtlwoli PJLI Mill. 0- _ ‘ his 914-10 _ . _ mum" 90': NOW-REGAQOLESS THE coQouA-rion _ / l t ‘W . ............. ~ """°"'°"‘ “Ma ‘is: i: 3.2.1315“ 1N0 i mu. aw -BElNG ovetz- we ARE some TO tea-i wan 5t; ' I Qw- Ei-"k- M ‘ - - - “°- -

' 1-H I - » Red on: 20A .00 to ss- new stock. Iioridu. N0

’ ggweiidrgqiiéggoeiriiktiziiiétlrou ADOPT’ alt-to OWE-rm" l, ﬁzsﬁaigta‘ "°"‘“ M’ "' 1 half bhrrell (mm °° m" M TO i C l i r . ' ' '_

’ eeuatness~ze~etissceééio~ig ‘ M‘ 5533*"; ‘i; "tantra. 1 “PM

- is . jm-n outr- ea . .

ARlGTOCRAT-gi" ~ -~ y _ . ’;.‘,'.‘.“.‘.“.. "y"; mow vonx, May is - (Ar)-

‘ ' ""‘ 4’. _ ‘ ism-tn rr s 12-14 Leading foreign currencies disvlll“

' I - 5"" "d?!" l“ ed lower tendencies in terms 01

0 IIW - ii Ii _ , t-rElﬂtlnl‘ m. the United sum dollar ‘l it t g _ unit-tutu» 14; The pound sterling lost -

. . ‘ . \ . “."“'“"° ‘M4 cent at use is-is; ri-eneh tunes

. JIII’ 337.3,? 17.‘. iihli Mt m 1-8 ot a ce t at 4.4a 1-8:

l|lll|llll-—\ ' Maritime rm 24-80 Holland ruilders v1 d“! N °f '

/‘ cent arid giwiss treaties m"? a:

r change . e Cane an o a . N811) YOfk Cllfb unchanged at 81.00 ma.

~ -h i 7' —"" MONTREAL-Ma l8-(CP)-'

Qﬁfl =—\—?—— 5100i! Close ' y g

I) . i ~ Pound sterling declined 8-32 oen

M» ‘l- ill.‘ itiinai‘ :18 on Montreal iorei n exchanges w-

~ I ‘i Am Sup Imw 1 d‘y w ‘Q2 154% Th. ffgncb

t"! (‘it HM’? ('0 5 ' ' n“

e Freeh- Pn “if franc 108$ M 0011f, t0 l o. . i‘! n-ind h 1M5 while the United States dollar i‘!- ‘vriVah-‘XL a " mined Mahmud It 1-81 PM” r, I ium.