ii'

. , l 1%., ____ _,_

, 'li 1

..|

4111.1.,

nuns

enrolls:

lesson

1-'1fs1i:.

s t

11'*-:. :-

sg. -1 .

li, F5

li 1 at L°¥"°“ R“t°° ° "°°“"'°”“" __.,,,.~..-1-.J - :.::...i'°:.'..1';:“°::'.°.‘.::.°°:..‘1°'r'°i1:1

'Agent at Summerside, Lloyd Lewis

-1.

APRIL 4, 1932 _ ` ' _ THE C ETOWN GUARDIAN PAGE FIVE

-_'f-'-=.-ar'--'1=-....lr s- mi --t__g; \ -;- __

_ W <Monireal New Ym-kf _ nR_

.1 h L. Conley Assoillsted Press

xi-'|§T,,|.:lsll Writer.) I.

~ YORK. N. Y., April 3.-How-

,vlirnysvr the tax bill msy_ha from its pnsi form, Wall Street yesterday still illilored under the apprehenaions creat- ,d by the house version ot that meas- ~,,.-¢-, and security prices maintained "Wil downward course., _ _

iixccpt ill rails, ll few spec.al.les and

|.ullu-rcus preferreds. losses of stocks vcr/1 rather moderate, even before npr.. covering coincident 'with whcat's !,,.,.,,gth reduced declines. But thc cur mr issues, breaking to thsl lowest lev- elsince ibe nineties, provided an un- f.|\-nrabis technical indlc-'ltion which .ionhtiess added to the speculative fra- tl-.'nily's depressed state of mind.

_tltilollgh taxes seemed 'ta be upper-

most in tile ularket’a thoughts. brokers .nriilllted renewed rai_i s1lliinK to un- rcrtalntles arising frotn the interstate civallncrca colnlnisslon's 'apparent op- 1,,,.ition io lrrantlllg loans through mltiollai crcdlt ehan“_1_\ls for the pur- `r,,,.-.. ot lncating hunk notes. There hall- i-ccn :lssurllaccs that no interest llvlilults would llc allowed. hllt the dif- fcrcnces of opinion over this conten- ||..us point appeal' to hmve given rise

ucasiness.

to some li

ilxlwnlc losses ill rail; ranged from

it frm-tioll in 1| poillts, l_i,'oll Pacific 11:1-i tl-e lunxiulunl hrcak, llitilollllll its ,\.-..p.n-lls just llaivcll by tho lata rc. <-:>\-l»r_v. Santa Fc was down 2% at tin- worst. A furthcr reflllction ill its .iivillclld llt next wcek's lnceting is bc- llr-vl-ll posslbio- New llork Central, n-ilich had hccn holding wail above 211;.. lim .lla lov. 1lil1l1u.l to 22% and lull.-‘hell ai. 219.15- “ff 1%. l`.a':lcu1\-azlnn. .\'i.nlhcrn Pacific. lllissoari Palcific Plc- icrr.-.i, New llnvcn and Baltimore

Miscellenous

SUGAR l

NEW YORK. N. Y.. April 3.-llaw

auullr manic allotllcr nlllv all time lo\v ri-cord yruicrday ulldcl: further offcr- iucs at nearhv duty trees. Prices de- .tiinnri 2 points to tlllvlbasis of 2.06 for spots with Palos ut this lcvcl con- f-rnu-.l af about 51.000 hugs of Phil. lipilliw ncrlrlly. to ilu-|_i rciillcrs. wllilo all oullort rciinlrr bollrtht 14,000 hugs

ai' l'_ol-io Ri(-ull for prompt; shipment 11- '_ iv.

|:f-fi--ctil‘n ihc further decline in the

rpm lnarlw-t filiarcs were casicr, with lilac 1-i.\<iu|: nct llucliullgcd and otller pf.~=~|ion»: l in 2 points lower.

salvs i:_i'.‘.fl 51.-ns. lliay close-al 72, July

77. Sup Stl, Dm' ll0 .llln 03 March Dil.

liciinf-fl sugar wus- flllict and lin.

:hanged at 4.1.0 fc! :fine granulated,

COTTDN'

Niill’ SORK, N. Y.-, April .'l.-Colton

lillllrcs rioscll lltcllllw, Closing ilids: .`i.-ln 077. I1`l~i\ 083, Mvlrch 080-00, April fl||\‘_ _\ia_\' fill-lil. .llrno G22, .Tilly fl.'il, mu: 1‘»-W Sep 045. our 0.'.~:, Nov 059, Duc filill 07,

Spot closed quiet. ‘lllddiings 025.

1.lvl»:n1-ool.

r'r\ilr»n spot in fair dclnaad. I‘ril-cs ii |n»inis iligilcr. Aillotricall lnilidlillg fair W- “tri-'t lznod llliddling 541. good 111111111111: aol, .=rri<-t;ali1idiing 401. nlid- 1li_il\l!_~i“l. strict \l\v' illidiillllg 470, low .ill-lillilug -M0, string 0|-|||nm-y 44(|_ R,-md onlin:ll-_\- 110, llcccirxtpi W,-tm 41,00 bales ilu-lllilillz 3.500 A|m.r|¢""_

.\lo.\'l'lli-1.11.. Quo., ap.-1 ln, i1.:r|c_v 1*.-lll.'llli.~lll 'wcstcrn no .1 ii? 11.111 Vnnaillall wo.s|ccrl\ no -'l JlR,'ouis' l_»"1l po l 37. fioill‘ spring wheat pnf. fill- hills 4.00, flour seconds 4.30. flair i-:liters 4.‘_‘0. flour winter wheat l'.1~ll?~ vilnien :i.0f1 -3.10. flair' white "till 45/* bran toll 24.25l2.'l.2'i shorts 1"" i`-'1-'-‘~7;'J4i.'_'.'.. ulliddlings toil 20".'i rl-limi 1»;\i_~x lull: 00 ‘pounds 245, hav -. - ° . i__:\_0r ton car lots 1 L00; ch:-can ellrrellt _ _-iii, cllcc.:1_l- sjllzlmer 12-12%, hlltlcr 1"' """-“fo-iff'-1. 'virus fresh specials I1 cartons -i-.'.l. clrlrs fresh extras in 1-ilrlfllls 22-23. cllirs frnsh firsts in car- ;_‘_'_""‘,,f-;‘;-"-`- lmtatous Otlohcc Nl pound ___ gn--‘ ~-10. potatoes N_B 80 pound bag

Ml?

F0 reign Exchange

_ .___ N'»“ Vlllli. N. 1'., Ap.-ll :l_-F<>r- fig" """|llllli!0 irregular yesterday. :_-_rc-'lt llrlilllll in dollars; others in __1:lts. (.1-1-at llrltllla demand 3.76%, 1. ;{!‘_'T“ -E-ill 1-1". _fully 5.1114. at-lglutn

' '--'1 “°""l"|\Y 3.78. Canada l)0_

.~""-\"""l'1-\l»- Qui-., April 3. my ll... _f__l_|_l_.:jil:ll| Press)-Briiish and foreign ________<lllgc In rclal on tn tho Canadian 0( _'_' "S °0lllll|iel by the Iloyal Bank ,n“__;"‘\f\'if1. close yesterday as toi-

Ar:-all

i::.-l:r;lli\rln _i::ia(l`lsnnll ......

N ra sr lil

},m7_H ___________iig__1_lot__rplo_tell _ ii_l:1_lx-'aria lcv n_ot quotcrl ,.,'__'_‘{' H0112 hong, dollars not __.. loslorakia crown ..... ...

"1vm.'lrk krone

}.|__m____ __________k.... .. Jfrlluf-c franc "lu, :gfrlnany reischnlurk ,:. ... .. (limi “Mini” lloilnd ... .... '""*1'o drllchma _ ‘ g,__H______ n_______ _ . 'Img ..,, .. ]_______"I__y___:_l;~ngo not Quoted

0.2087 3.3510

0.17.12

quoted 0.0332 0.2800 0,0200 0.0488 0.2040 4.1781 0.0143 0.4403

0.3% 0. 0575

J'-lir ilr. ,_ _

_,nm _:__ __,`_|L,____lnv___ d_______ _... _.... .. W _ _ . ...

\h."r‘_‘___‘;“_'_1_I_\_;l__.pollnd ..._ _, ,].n,""d _“___ . ..... ... ],,,"mnm__ len.--_ ... ... ,

Snmh Af_______ _______\.__ ... ... sm" _“___” _ _.. ...

s“,°______ Krona . _.___ ... ..., S\;‘i_t_1_l;rl_;lll2_ fraud. . .°."..'.“. .

f‘_ otcs dollar ity. pcr cent

(._(\_mi\,'i REAL. Que., xprll 3. (ily the ___ lan l‘resa)~-Sweeping variations oi ‘° Iifiillh il und featured the for- "" °*"i""\f¢es lere last wceir. Sterl- :_1p'_l_~1\1_1~l..-ll .1 lu or or $4.21 .ina 1. low p..|l.r'I0'f ‘1Iil,"2|“1lnlita“l11l78l? up llugfld ];rcln||lill. I ` 8 .

“"2 Ffi1ifI.v’s close was 84.l05s_ m,:_`"""" Si"f'*“ looney touched a lovr

“Mit premium. _ ._5,‘H

0.3722 0.0201 0.7084 0.2206 0_l'.’ll.’\ 0.0000 5.039-'i 0.0838 0.2201

. . . 0.2102

. 1 ... -...

... ---

Ohlc showed not iossss of a paint or

so.

Amr-ricaa Telephone sold under 110,

but was down only a small fraction for the day. American Can, _ttlleli (_'llen\ifal. iinion fsrhdc, North Amar- icau, Btaadard Gas, Cora Products, (‘ollsolllillt».l 'ar and Lo»w’s --' 'ed .l- bout a paint Zlvler, while not loans in \‘. S. r-ss-, Brthieheln, Gene sl l'I- ectrlc. \‘.'¢sl nglouse, American 'l'o- bu:-:o "‘ and Gtneral Motos n'.»:s more mo.ier.ll.'-. \'-rlgley, Case, Ger»4'Ai

rein- ng.. ..`12o.s 01.1 1s2.1 130.0

illgl. 1031 140.2 Low 1031 .... 00.0 Low 1030 112.0 nigh 10:1 202.4 x-New 1032 low

100.2 30.3 80.4 1-11.0

-0710 144.3 0‘.’.li 01.3 140.5 114.7 281.3 205.8

\VllA'l‘ THE STOCK MARKET DID

Sat. Fri.

Number of advances .,. _ 73 S5 Nllalbor of declines ... ..., 301 400 Hint-ks ullcllnllgell _.. 151 134 Total issues traded _.. ... 685 058

Quotations

_ ._-__

"~ .

Stocks "J High|Low}Closs Bell Tele ... 1021011510155

in Nlckcl .. s 1% -nv,

3 yn use -___ 2043 mm L _ Mas Harris ... . 31,5 Gen Motors ... ....|_151,4|1-i'.'4.| 5 yrs ago ... 11.8 112.7 §I¥‘H0P§,:e\,°" "' ' 8 3 lg sign" "" ‘°° °3 '15 13 §1Ish_?_i_g2 uso 1:l0.s 11.0 'r1.:l'NM Bm, - 22 H‘,’,'|’"f§:"(§{‘i' --~ ° lg? , , _.__ '_ g_ .-. ... .. _ . ,»¢ ...... "W ' 5"3 as 090'" 57'" Nat Steel Car _.. _..i | 10 Hudson Mot ... ..... if

2’/0

Ponmaus Ltd _.. ... .I % Quebec Power ... .....| l0%'i 1il‘A| 10|/5

s c or can ..,.. \Vla Elec ... ... _..| | | 351

nsslrs _ _Q

Commerce ... ..`. i‘ Montreal ... ... I [I Nova Scotia .... ... ,I | 200 Royal ,......i ‘ 211

Montreal Market

Silieiights

-10-_

MONTREAL. Quo.. Ailrl 3.-Stocks

on the local market continued tn .sag on Saturday lnorning, qlldlug all sh- llreviatell week that had givoll ovcr for the most part to a general marking down of'prices. lifrrgrllcnts on Sat- urday were ns llllrro\\' as they had been in the earlier days ofthe week, but tha declines were equally nlllllcrolls. and' tho noon closa sllnlvcd the index lower ily a 27, at 22.01 which is a nelv low levcl for quite n few years, Tha trend ill New York sllowcli no cn- cnllragiug change at the weekend. Fur- ther declines were sufforeli hy many leading issues ill tho larger market, and the hcavincss hn_d its usllal dalup- ening effcct in liiulltrcai. '1‘he close brought no ilnprovcment llcrr-_ Nickel. C. P. ll. and Brazilian were the active fcatllrcs, the first two declining fl-nc. tlonaliy, while lirazlliml managed to Hain 1,5. Bell was a soft feature, clos- ini: at 102, off fallr oi ts

p n .

l’0\\'er output of companies compris-

lvllz U10 lwwcr rnrpnrallnn for nm luollth of F(-brllary aillallllted to 152,! 88Li.S70k. lv, h. all incrcase of lil*/J per cont ovcr thc total for Fcllrllary of lilili. The total outpllt for the two lnollihs of Jullllary llnd lfcbruury this your alnountcd to .'¢2l.ti47,1ii)8 k. w. h. as against 2Sll,5il7,’.’.`li) k. `\v, h. for the col-rospollding i\\'n months of last year -an increase of 14.0 p`l_-r cent.

MONTH]-ZAL, Quo.. April Zi. (ily ibn

(`alladIan Press)-l-light new lows for the your or longer were recorded ull Saturday as ilu- Molltrcrll Stock Ex- change cnacillrlcd 0. week of colltiuual losses.

llltcrnatlonlll Nickel, l\ic(‘oll Fronten-

ac. Ahitilli Prcfcrrcd, Winnipeg Elec- tric ami Bell Telephone were leading illallcs to reach new iolv territory. In thc cnso_ of llcli Tolcpllallo the day's recession alnnuutcll to -i points. The llla.iQ!tl' of price changes, however, were fractional.

\Viih rcllcwl-il selling in New York

apparently thc deciding factor in up- setting tho local exchange, tcn issues cioscll With losses wllllo two advanc- cd. Brazilian 'l‘rl\ctIon, third ill activ- ity n-ith salcs of itll sllarcs, cdgcll up lf. _to 10% and Collsalldatcd Hlllcitcrs, l~raiuy ll weak spot, was a polllt high- cr at 47.

Nickci led in activity with sales of

1,300 shares. lt cascd 14. to thc new low of 7141. (‘lllln1lilln l'ul-Ific illlillvuy. with sales of 1,085 lost 1% at 14%.

Other losses inciullcll Ahitibl i‘rc-

ferrell. off 'li at ay.. lvrnst-r. nfr 2.1 rents at 75 rents, Mcffoll Frontenac. _off 1/, at 8. National Sir-cl f‘ar. off `l at 10; Qllehec Power, off 1/1 at 10%, St. Lawrence Corporation. off ii cents at 00 cl-nts, and Winnipeg Electric off M at 3%.

Total sail-s were 5.800 sl-ares. in the

bondll ivision sales were $15,800.

Stu-ling closed at §~i.1781l and llnit-

ed States money at a premluln of 11% per cent.

New York Curb

ow|Cl-llc FW 3%

Stacks

Ain (yan ll ... ,....

A B Powcr _.. ,... 2%

Bras Traction ... .., (‘an Marconi ... ..... f‘it Scr Co ... ... .

Cord oCr ... .. ill

l~i li Siharc (nt-lv) '... ui 1515]

i .

'_'-_.._'___

._ i’ '-3 '2’°'1`?

;\_> I-62:

'_-T

1-:

Hu:

loaf;-\

Fi S Power B ...i 2 10; lfnrd nf (‘lln A ..I 1011, DU; 0”, r 11 co ma 41.4 4| 414 Gulf 0|] COPD ... .. 31% fiiiflllia la Petroleum ... ... 0%. 0% 8% Mid West [itil _.. -.- 1% Niagara Hulison _.L .. lilif. 5% 5% B 0 of Indiana ...- .. 14"/., 14% 14% s 0 or Ken 12% 1215, 1215 U 1, Power A

Shipments of palm oil from the

Neltherland East Indies last Year were 21 per cent greater than in 1930. '

Nearly two-thiirds of the cotton

imported into Spain las; year was American.

The Montreal

Shawinlgan' .., . I 33 In

south vnu roi.-or .. -..11s_%| 1s‘ is In

i - 20| 20 In

_ in

Quotations

_-M

Stocks |Hgh|I.ow|Close Al Chemical ...` ,.-.-..| 72%i 'fl 71%

B C Packing ... ..... 1.Ala Can _.. _.. ,...‘ 60% 50% 00% gg g Power gli 10343 10% A s lug 1014 01;, ll'/1

,.__,,,__., 5,, ,_ N ,I , L _,_ , _ °“'°1' ..._. - Aan. :rel Tel .....l10%|_10“%l110% le-h»:ll'yl.'rc}e|ll'|licd, 101;:-lcaueziml-Zl'lrlg.|ggCy'F°"¢i\dr¥'i’ll"' W 0;? 6 6? Au Low" °'° °" 0 5% 5% 1 ,...- .,.,,, ,,,,.,,,.,,, ,md A,,,,....,,,, can M; £tc_llln.n 0294 ooif, 01 (nn l'l.-.'.1rrcd yielded 2 to nes: y 4. C C Pm"‘ ""‘ “ A‘"° '"1 "' '"1 My* 'U1 i-2:1-illlllll and -" cl- Cola steadhi 'ter 0°: Pilmm "' "J 15|] 14 |00? Bum Loco "“ °" "` . ¥1"'!l“1l11r>< 11'.-alness. -Sales tlmii-:.1 can snfeni "' "' ' 4., :fi 4; gm 0i!‘° ~" --~ ---_ 1-% 11171 ]'M'52° °h"'"‘ Drr1len'1'11i1'¢'l: 1% 1 1 Bi-igsssteel 'N '°' .lilliiysi 1111512!

... ... ... ,.4 -... 4

gfoglc /lvl-moons. (copyright lm. gmg %f,',","°B"' ' lf; ‘,}“° 122';

,I _ _ -

“" “” “""""°' °°> . gag. £50? _... ini sau my gorge East ion, lou,

Aprii2 501.1 20 ~~° .-~~- ec .. .. . ll .,.o,,ny _ 5,_8_;‘2q_°_,_“;,8_f,‘f‘§'54‘_’f,’f¥ _pam 'fertile ,... 54 sau sau corn ms ....".'.'. _f'.| 40% ao”/.1 Prev any 55.3 20.3 00.0 51.0 G'“§°§ QW' 75 E I Q“°°“° 44% “V4 ‘peek ng-0 581 _,M gm M5 ___ __ _vnren Ltd 11;, sox slim _.. _.., ._ ll 2% illiaan ago .. 011.0 :all 101.0 00.2 ° °" "'“°' '- 5 Ge" M” ' °" "F 10.'/"

02%

cu up

101.1. an 1114 20% 101,; 11 40 44

3 11

G2" Foods ..., ... . .15 .1-l :ls

15 15

'Z >-

.niblcn

Hucp lilo: _... _ .mi ln Harv _.. ..._ .~..i 20|1 lllntcll 111.1 .... ,...~ 4% Nickel .....i‘ 71/. Tele .... ......I 054, Telephone ... ....| 0%

Kon Conner . ..... ...1 01/, I.ambert'Ca ... ... .I fl Mis Psolfie ....I 311| Mis Pac Pfd _., ,-.... 8% Mont Wgrd ... ... _i 7% Nash Mot ... ,.. .. 131/, N Y.Ceutral ... ......|2515 23 Pack Motors ... ..,._| Pal-_Publix ..., ..._ . 6% e gage _C1350 ... ......

0. .1 ... so so

11 K 0 .._.,| 'A " Sears Roebuck ,.._ ...|2714 south Pac _.. _.. .,' 17

10% 4%

aaa ¥*#-1

il'/1 0% 0%

401/, 4:1 3%! 11"/. 11/. 121/.

3% 7’/it 7% 12341 2314

6% 0

50% 3°/1 21

21 151,.;

llililiils

(Canadian Press)

OTTAWA, ont., April 2.-Charg-

ing that many unfair statements had been “passed around" against the government relative to the Can- adian Natlonai Railways, Dr. J. Manion, Minister of Railways and Canals in the House of Commons last night warmly sounded the “no political interference" note.

charge of all," Dr. Manlon exclaim- ed, “was that we were forcing the Canadian National Railway to di- vert traffic to the Canadian Pacific. Of course this is an absolute false- hood. If it were not a falsehood, we would be not worthy of the trust 0! the people of the country, and the management of the system, if it consented to it, would be unworthy of the trust of anyone. It has been denied by Sir Henry Thornton and Mr. Warren, western vice-president, but it is still going the rounds."

The Minister paused and then

continued amid applause: "I repeat that there have been no politics in-

“Probabiy the most malicious

. M.

11 A ou ,.101 D C Scagrams .. Imperial Oli ,,, Imperial To _..

‘n el‘tral ... ...

Noranda ... Rial-oe Mines _.. 'i‘1-ck-Ilulrhes ...

\\’rllk lliram

_,s .. __:.1§_i< ...._

445|

:ini

*___

el yesterday. -

Curb M k`"t

10 10

S th P ...

0" 9. .:::... ..:f.

gm k H, .|~ Texas Co ... ... _....1 12 Beacuiiarnois A . ...I "if.Lm1liClo513' Tex” C" "' ~°° --~~‘ 19

,g lo 10 - -"|-

G'rain_ Market

NE\V Y0{tK,__N._ Y., Apriit 3.;-Bolld-

cd 'h at c oss s roug yes er ay. ~ _ _

“ 9 nl __ l____w_ CIO" TOIl0l\T(_J. Ont, April 3. Mining

ll sales close.

lllny _.. ... lla lm; 50.5114, 5,.,

.Tilly _.. ... ....... 01. 50% 01-01% Ort ... ... .., 50% 03-03'/1

CHICAGO, Ill., April 3.-Soaring on

sensational crop damage reports from the southwest alld west, the wheat lllarket rose about throo cents n hush-

Blg export. buying of North Ameri-

can wheat 1,500,000 bushels; accelerat-

611|

Stand Brands ..., lléi s G nice ...- ,... 20 s o or N J ...

Texas Gn`i! Sul '111/,. 1] 'ran nal scar 1514:

3% U c curl. _... .. :-111,1

oi 0 Union imc ._ 011/,

11v. United ah- ... .., 111,11..

1%: 10% United Corp ... ... .. 0%,

1.: 25 ti-1

05 Warner Bros Co ... ,.|

440| 440 ll s steel ...- .Tnllfn as :lui 31/, was Elec ,.`i241,‘; 2"

Worth Pump ... _.. _‘L l1=l§|

111001.11-nu. .......i151,4' 10i‘0fA.is1 ..i u

1li00Amuict ,.. ... .‘14%

000B

2G%|

1?;

1'! U G Imp 1s1,gi1s-7.;

1r.14,| 111/,_ 11141 18

% 'iii

fa -ls 14

'Xi

311. .4 11| mf.

0% 11% 15% 21711

12 201/, 151;. 2014 0011, mf,

of. 10.1

2 38 ° u

Mining Exchange

e Stock |High}f.o\v|Cioso

. 1-_ri 1§

1| 0.. 0.1

ll0o0‘Alcx . ~..|o:l1/, o.';-was-;l_

14 14

'looarnn 021,; 0214 021/. 120011111.;-md .. .__ 011; 011,41 01~'y,

c Pioneer :lilo 311| :iso

1000111111 can ..‘ .i :la :l3lf_..:ll1/,

ed tho gains in values. There was also alrgrcl1slva_p\l:-chasillg on the part of ull classes of traders, cspeeially hous- es with connections southwest.

\\’hclli. eloscll buoyant at the day's

top level; 2-X.-3 cen_ls above Fridl1y's illllsh, corn 51.-1 up, oats %~% sd- vanced., alld provisions unchanged to 15 cents lower.

WINNIPEG. Man., April 8.-l'in-

couraged by enlarged exports and fur- ther reports of daul_age to winter wheat crops in tho sputhwest states

tial gains in all three futures in yes- torday’s short session. Values at the close were 21/, to 2 cents above Fri- day final figures.

llfay inlprnvcd 2% at 02%. July gain-

:-1| 2 at 04% while October advanced 256 nt 00%.

Tho Winnipeg May future was the

favored month and gopll purchases of this option were made in the last llour of trading when top levels were reached and gains of_about two cents recorded.

Opening with ll burst of strength

induced hy strength of Liverpool wheat quotations tho market had no diffi- culty in holding gains and finished quite strong. Friendly strength from f'h11-ago where ll good-slaed export iradn in hard winters was worked, al- so helped the hull movement.

Boosting of the French foreign

wheat quota another five per cent was

lcd to use 45 per cent of foreign pro- duct in their mill mix

cash wheat section. Spreads at the top grades were one cent better, Cash interest in coarse grains was slow. Futures showed fair gains near the

class.

01.085

Wheat-liiay 02%. July 64%. Oct 66%. Oat!-May 30!/all. Ju! 31%. Barley-May 41%B, July 42A, Oct

WMA. -

CASH PRICES

Wheat-No 1 hard 04%, no 1 nor 62.

:us 2 nor 58%. no 3 nnr 54%. no 4 ii0’/5. no 5 48%. no ti 4216, feed

track 62% no 1 dllr 85%.

ex 1 feed 26%, no 1 feed 25%, no _ feed 24%, rej 217|. track 510%.

Barley-Melting lr-~112~s: li row ex 8

c v 42%. 2 row ex 0 c w 42%. 03t_;ler

Fish _Quotations

,___-

.\l(lS'l ON. Mall. .April 8.-Nine ves-

sels lurlved at ;l.s fax plsr here yes- tl\rdn.l'.

Y‘l.l.0LlBAf.l! G\`0'l‘Al‘l0N! Large cod 4 tn 5 rents per opunll Markets 8% to 4%

Haddocl 4 to 5 Pollock 8 to 4

Hake and Cask 8% to 4%

G B le 'I to 8

ra! o s

Fiounders 8 to 10 *

Mr. and Mrs. Lock Jones has re-

aecompnnied by the lattsrs two

sttendlnlthstunarsiofthalsts

ruddsnlysfteraahartlilnassof

0°. 010. Yelllntlv dparenhilr. and

tr E. .1

, 0

1 E 5 5

wcll recieved. lifiliers now are permit- 337 [mp 0|] ___' ___| mm' 9|-,0

~ 10

Demand for dnrums featured the 500|K||.|¢.H,“| __*|

. 500|Kirlttown .,., ,.

40%- mo colt noni

Oats-No 2 c w 20%, no 8 c vv 27%; wonlsud Mn" ____ ___

grades: No 3 e w 409'.. no 4 c w Vs. no 0 e w 35%. no G c w 34%. tl-_ack 41%. _

oonclmsun ow. on/.1 ulfy, 500Custle-Tr . ... . 13 Jil lil 2000Clcrlcy . .-... . 0l%| 01% 01% Blvioom.. ...i1o.1o| 1ol:l| 10.10 1000li"BriliiZ8 . ... _, 80 75 75 'f25Gralluda ...- ,... 100 100 100 fl00|Hamcstead _ .. .I 25| 25. 25 %00iHoliinxer ...i 401| 4011 401 100Klrkiako ... .1 40 40 40 cooolclrk Prem ..io11/_ 011.4 oil/_ 120o.'\iacltssa ... .I 34 34 34 2000Malartic .. 04"Ai04=}i 04%

70 Mclntyre ... _.._| 1045|1iH5 1045 ll0o|.\lt~1-land _..| 05| om 05 | 101 10 1

-. -.

wheat prices shot upward for sllbstan- 900M|necm.p ____ ___ | 0| 00

UNLISTED '

:.1

4:.:

1:: ua.

-\_°_f__j1_

ulilnlclrcl stoi soo sin

int Pete 101:l|1o1:l 1015

, aol aol oo

10200|MrI.eod osi o1v.I_ 011/,

5001!'-Orellie ...I ici s.'l| lvl snooiren Pate on on 0:1 1300|Ventures 41 41 41

clmn_

1600|Dom Expl ...

2000|Gem Lake .~.-. _.

il000Hiiltop ... ... M 1iioo.i'aek~Msn ol; ol ol 100il(eorll

__-.__ ____a_L- _. S23 °

:51z2§<#233 _:___ _

§.=.:2

E32

00| ooi on

2% 0235 02|/

i 1/. li

E000 Label Oro . .. ... 1000 Oil Select ... ..

I 03-'till 071% 0|'/Ili 01%

sooo nlllsgo .. `If`.ff.' 11,001.1.

’/S ’/3

PRODUCE

_.M

MONTREAL Que., April s.-Baller

and egg prices turned dolvnlvard on tho produce and dairy market hers last week with chess and potato aunt- lltlons holding steady. On Baturdzly butter was lower and eggs irraxllar vvhl‘a cheers and potatoes l'cnlu'.lcd ul~lbsr-god,

Following li‘l'ldly’a decline ni! a half

to one and a half ccllts rcgraded No. 1 bullet in carlots ; broken lnis. eased a cent on Baturally at 241/5 to 25 cents a pound. Fresh butter was quat- ed a cent below the regrlldell level. Last wsek’s receipts were 3,724 bcxce.

Ontario graded fresh eggs in :arlols

or lcll._ were slightly higher, ilrsts advancing half s cent at 10 to 16%

_ , _ cents Ind seconds being up a cent ‘ PQWNAL NEWS at 15 cents while extras held firm at,

17 to 18 cents a doscn. To retailers

I Q i- fresh seconds, in cartons lost a cent

at 10 to 20 cents with specials at 24 to 26 cents, Mtras at '22 to 23 cents

146 mbhmond St” Charlottetown turned H0111 K¢1‘lllDll0l1~ T110! WON and ants at 21 to 22 cents remaining

lnehs 11.!! lt,t ll. k ....1 i‘.‘.iu ..2.°2.°‘ °' ° "°°

F' ° » ° » sisters from Maine, also slr. samuel current came wi.. _sa-...ly .il my

"`°» Life- A¢-f¢1d¢"f» 5'¢k"¢-*S -»-1-»-2-”-.-1--"vm is§1.:°:::..:'.".::.:1t1‘l‘::.'".:.:1.~:°.3

ell!!! -were 400 boxes.

and _Plate Glass Insurance ..... ......... ...... ......-1 .-.. ....'.::.”2.s“.:'...':°.::*1&..:"'.=.:r.".1"-.:::.

ba beta ao wild. li.. .l.'i’..‘.i’..°.°.'3.'.1.i‘Li3\'.Z‘.ZS$.

cheaper than the broten lot levels.

psnisd' by her cousin Nora Enmsn,

Pie; " '_' ; aocola-slylmmcrslds. _

. . 1

. / . _

jected into the railway. The man- agement manages the road. Our role has merely been to urge a. ne- cessary and even vital economy up- on the management."

Dr. Manlon was giving s. survey

of “Ca.nada's greatest problem-the railways” while piloting a hill authorizing $61,500,000 securities which would be required by the sys- tem for the year 1932. Approxim- ately another $10,000,000 will be necessary to be used under the Mar- itime Freight Rates Act and for the deficit in the steamshlp services. The measure passed second reading and was referred to the special com- mittee on Canadian National Rail- ways.

The many services had been cut

by the management on "economical grounds-not on political grounds?" and most of these services are cut without consultation :in any way with the government. The Minister categorized as a "stupid caiumny" a report that the C. N. R. had been forced to take off services oi' various kinds -to assist the C. P. R. A claim that "crippiing economies" had been forced on the system received the equally emphatic denial of Dr. Manion. “If there were any crippl- ing economles," Dr. Manion remark- ed, "then the management are putting them into effect, and as they have troubles enough, it is noi; likely they would be so stupid.”

The government had had nothing

to do with the ten per cent reduc- tion in wages. This was an arrange- ment between the managements of the two railways and onlcers of the men‘s organizations and the 'men's organization took the patriotic at- titude that in the _present financial condition of the railways a ten per cent reduction was justified.

Giving s. "simple, dlspassionate

and non-partisan statement" cov- ering the railway situation in Can- ada, Dr. Manion, briefly gave four clauses for the present condition:

(l) Three transcontlnentsl rall-

ways in Canada, where two would have been sufficient. In the early days of this century, the Minister asserted, a second and third trans- continental railway were permitted and encouraged, ‘fgiving us as a re- sult the heaviest railway mileage according to population of any country in the world.”

<2) Unfair motor competition car-

ried on by motor buses and motor trucks on highways built by public moneys and partially built out of the taxes of the railways them- selves.

(3) The reaching out for the con-

tinuously non-paying passenger traffic by luxurious passenger scr- vices of all kinds, hotels, terminals. steamships, radio, and so on, and forgetting that after all thc carry- ing of freight is the main business of a railway.

(4) The general business set-back

throughout the world, by which all railways in the world would have been hit and particularly the rail- ways throughout the North Ameri- can continent.

Dr. Manion was speaking on a bill

to authorize the Canadian National Railways to issue bonds, debentures or other securities totalling $61,500,- 000 for the year 1932, which was the estimated needs of the railway from the government of Canada for this

yllr.

- Tile bill consists of three items:

First,-A net income deficit of

$48,000,000 (ln round llguresl, the illicit being the deficiency in earn- lnu of the railway to pay not only

_Wlratlng expenses but interest on

bond! ‘held by the investing public. This deficit last year amounted to

over 050,000,000, and,lx1cluding east-

_.4

......

/”\

i~ ‘ ,";_ -.-si

_ _.. _

I3'

1 \ 1

..=s.= ,_

____ i-__.. 2. ' W

_ [_ _ ... __ __

- -li

‘ 'iili'

._ _ ull.

YESTERD ’ S ocK DBO QUUTA T10

“ft

" l'

l .

...

ec .

Over our

OITIC ”

_.4 `

» ‘. » ° »

CTUALLY your homo has two roofs-one that the builder erected to protect your‘fami.iy from

_ ...... . 0 e"1 iiIifeil11surancc§fe1'vice

the destructive-elements-the other which you pro- vided with your Life Insurance to guard your home against future hardships.

_You would not under any circumstances allow the buildcr’s roof to be removed after it has sheltered your family for years-

Then, make sure that the other equally important ` roof is never impaired-that your Life Insurance continues to keep your home intact and your loved ones safe. '

Life Insurance is property- just as mucli as the roof over your head. It is cash property which will provide you with an income when you are old. ,Your wife and family are also protected against possible financial disaster.

Keep the roof of Life Insurance always over your ‘

One o o uenea of messages sponsored by

\i‘ f'-°‘°"'°'”'"""`" ‘ll . Ll' c Irlsurance Companies

cm lincs, to over S60,000.000. It, is quite possible illcli. the cstilnotccl dc- ficit for 193;! is an vncicl'-csi.inl_ntc. This is particlliariy thc case in view of decreasing railway cnrllillgs.

The second item is for cquiillllcllt

$11,000,000. In tilc past, this moilry has been bol‘l‘owed in thc Ullitcri States under the Phiiadclpili-.1 plan of paying 25 pci* cont, and bol'l'o\villg the balance, but now it has to be arrallgcd in Calloclu. `

The third ltcm is coll~;i.rll<‘tioll and

bettcrmcnts, $7,000,000, which in- cludes capital cxpcllditllrcs oil bridges, slatiolls, tcl'ulina’s, lloicis, and so ou.

In addition to this $61,500,000,

there will bc rcquircnlcllts which are not arranged for ill this bill, of about $10,000,000, to llc lrsccl lindcr the Maritime Freight Ratcs Act and for a deficit on thc stcamsllip scr- vlces, making a total 1-cqlllrcmrnt for 1932 of $71,000,000 approxim- ately, not including, oi coul'sc, ony- thlng for the Hudson Bay 1‘0iiu'a_\'.

The corresponding flgurc in 1931

was $112,000,000, or practically $10,- 000,000 per month. which had to bc provided by thc government or bor- rowed on bonds by thc railway, such bonds being guslrantccd by thc gov- ernment.

In giving a statement or this sort..

Dr. Msnion declared. cinlity and

simplicity were difllcuit because oi'

the ilnliensity of the problem, the vast debts, thc immense annual in- icrcst to the public and bo the gov- ernment upon the different loans made under various statutes. But, Lllc minister proceeded, he would risk for this reason tllat a few points bc borne in mind:

1. The Canadian National Rail-

ways owe to the lending public on bonds $i,288,000,000 the interest up- on which is $57,000,000 per annum, ol' ovcr $1,000,000 pcr week, and $3'l.000,00 of which is payable in the United States. Of these bonds, i'.ll'ce-quarters are guaranteed by lllc government of Canada, and for ll large proportion of the others the govcrlllncnt is responsible: There- forc tllcsc cannot be thrown aside unless we repudiate our debts as Russia has done.

Ll. There is owing to the govern-

ment s1,350,000,000 made up of the construction costs of the Interwlon- lni, l*.'incc Edward Island railway, and the National Transcontinental, plus deficits and interest which has been accumulating on the books of ihc company. Of the total amount, $600 or $700 million was put directly into construction costs.

"It is regarding this figure of $1,-

350,000,000," i,'l'le Minister said, "limi thc various rc-financing schemes have been suggested-the national road at one time suggesting can-

celling all of it with the exception of that which was put into capital expenditures; but as not one cent of this money has ever been returned to the government, as no .interest has ever been paid upon it, re-fin- anclng of this kind would be of no actual benefit to the Canadian Na- tional Railway whatsoever, as the interest to the public would still have to be paid, and this year the railway is deficient in this to the extent of $58,000,000.

Dr. Msnion tumed his attention

to the railway financial needs sn- nus1iy._ Again, this was complic- ated, he observed. There were four chief items and he proposed to deal with the past year in order to ex- plain the total as follows:

1. The railway budget for 1931,

$87,000,000. This was made up of deficit on interest to the lending public, $58,000,000 of additions and betterments, equipment needs, dis- count, and so on.

2. The Maritime freight rates and

20 per cent reduction on Maritime freight rates, $10,500,000.

3. Canadian government Mer-

chant Marine and West Indies sieamullips, $1,300,000.

4. statutory, made up of branch

lincs, Montreal terminals, Toronto terminals, and so on, $13,000,000.

_ (Continued on P_a8e 8)

' I va

hill _. *

Sf0¢-‘k Mdfkef Stock Market B A N A D A ’S . ,_ _

\ .

I..|‘

_,-1

l ‘,.

i .

, .

'r.

lr- 1.-

1,.

" ‘-`1"=*§av

1'. l

1.1 1

-_»x.-

4 i

in ".3 ,_ f ' . _ -3 ._ . f _

‘l

......-1:. ~

1”.