MARCH 1. 1931

iv-

information as to

Mound

Toroncu Vancouvu

MARKETS AT A GLANCE fBy The Canadian Press) Toronto and Montreal-Indust- ym stocks higher. Toronto mines-lower. New York-stocks slightly high-

“NEW YORK. Fob. 28 — (AP) — Leading foreign currencies showed

u little change in terms of the Un- ited States dollar Saturday.

The pound sterling lost 1-16 of I sent at $4.88 3-4. French francs were down .00 1-18 of a cent at 4.64 13-16.

Canadian dollars yielded 1-64 lent at 90 63-64.

WA_l_lI_7ED

llleslsdy for a large general More b1 the country. Must. be experienced i dry goods and Ladies Ready to Wear. One experienced in country rtcre work preferred. Reply stating age. experience and salary required.

(with board at $4.00 per week.)

IIEDLEY T. FULTON, Upper Stewinckc, N. S.

Form for Sale

I00 acres at Harrington, ton miles bog: Charlottetown, 45 sores clear and the balance woodland and pas- inc. Stream runs _, prem- ben. House end barn in first class

For further particulars apply to

D. L. MATIIIESUN, 150 Itlclunond Street, p Charlottetown. ii-i-lflii-i-IO-Wf-S-‘I.

INCOME TAX RETURNS

An up-to-date booklet complete A

Individuals, estate managers, and Corpora- tion executivu‘ will find the information contained therein of assistance In Ihfln in compiling fax returns.

Copy forwarded upon reques.

W. C. Pitfield 8c Company

Limited 1J7 Hollis Street - Telephone B-7169 HALIFAX

‘Om

1n London the United States dol- p1?‘ —————~——-i—

present Income Tax laws.

Quebulklub

In lnndm,

lar was a shade higherrat $4.88 3-4 to the pound and in Paris it clus- ed at the equivalent of 4.647 cents to the franc against the Uew York overnight rate of 4.650 cents.

_UNDATED MONEY BOX

(By The Canadian Press) Al: MOntrenL-Pound 4.88 31-32; franc 4.65; U. S. dollar 1.00 1-32. At New York —Pound 4.88 3-4; franc 4.64 13-16; Canadian dollar .99 fi-84. M. Paris-closed. In Gold-Pound 11s. 11d; U. S. dollar 59.43 cts.; Canadian dollar 50.43 cents.

FINANCE

NEW YORK. Feb. 3'1 -- (AP)- Row sugar was unchanged today with no sales reported. Buyers and sellers were apart with reflu- ers interested at 3.45 in suitable positions, while sellers were asking 3-55 and more.

Futures No. 3 contracts closed 1 to 2 points higher on sales of 8,900 tons. The No. 4 contract closed 1 1-2 to 3 points net higher with sales of 8.600 tons.

No.3 close: March 1158b; May 2.81111; July 2.621s; Bop. 2112b; Nov. 2.601»; Jan. 2341b.

Refined was unchanged at 5,00 for fine granulated. '

NEW YORK, Feb. 3'7 — (AP)— Foreign exchange steady. Great’. Britain demand high 4.88 13-16, low 4.88 3-4. close 4.88 3-4; 60-day bills 4187 13-16; France 4.64 7-8 13- 18; Italy 5.26 1-2; Belgium 16.84 1-2; Germany 40.33 1-2; Canada 99 33-64.

Use $nard’l for Bites.

u“.

particulars apply

Farm for Sale at Bargain l

125 acres about two miles from mill at Elliott's. 75 acres clear and the balance woodland, medium siz- ed dwelling; barn 40 x 41, Entire property priced at approximately what would cost to replace buildings alone. For further

‘Tl-IE EASTERN TRUST COMPANY, 154 Richmond Street

pump in house and barn. it

Word. Ulher rntea on application.

_ n ‘ -~§n¢

Miacellanooul

GET’ YOUR. TUBES AND BAT- kteriesflat Vvalfs Radio service.

‘~ v1: fmvE A VERY SPECIAL Ac- coent and sickness policy for inimcrs at rates much cheaper than other closes. Better call and Ilvestigate its merits. J. A. ‘Isms. Currie Building, Charlotte-

flelp Wanted

47s VACANCIES IN THE POSTAL SERVICE

“l BE mum) av APRIL 5th. full information and booklet lfOW to get into the Canadian C.vll Service" free from The M C .C. civil service School Ltd, ‘Toronto iii-the odeat in Can- ilg: wrrn CA“P'WATKINB aler needed for nearby rural route supPlillnB established de- mand for World Famous Spices, Extracts. Baking Powder, Soaps. gfflnsermMedfclnes. Fly spray. lock and Poultry Tonlca. 00 year “Filmma- wooo dealers. Must be grinned with 830.00 weekly at @1111. Selling experience unnec- c‘f""- "Pm exam-nee helpful. wleidit furnished right parties. mtagzmaljztéelyua. s. wagfnt;

. rec. uc., p , Z-c-m. u-ioos-a-n-a-f-e-is.

Bllrnuoon nsopmlzn

A sood deodorizcr for u» bath-

hottle of lemon ju.‘ce left

Advertising Ilates—l'ayahl in Advance

Oenzrni Guardian locals, 4c per word; Walter: and Intern locals, ll Icr word; Announcclnsntn and (loaning Ivolta 8c per word; '11 ller wunl; In Ifeniurhun Notice-a, 10a per Inch; Mata u! Ilcrnl and 3hirflual Offerings, Uanln, etc" 4c per name; latter- of Condolence ‘l0: on» inch; Notice: of Thanks and Affine-labial, 10s per l-b or 4o pol

llulmurn Charis for any advurtlaenient thinly-live IOIOI,

m iildahuiruuvuaedun

Olnallllud

i-Iflflfi“ “Hflflfifid-DG-

For Sale

EOE SALE - BUILDING LOTS. Apply Charlottetown Real Estate, 214 Cumberland. L-5464-2-24-1mo.

i=_____________

FOB SALE—A SECOND IIAND driving wagon. Apply at Large Bios. L-soaff-z-zs-si.

F011 BALI - '| TUBE VICTOR cabinet radio, $26.00. Toombs Music Store. L-5585-2-25-3i

FOB SALE — NEWLY FRIISIIEN- ed oow. A. McKenzie, Long Creek.

1f-5610-230-3i.

l-‘Olt SALE — LOBSTER. BOAT l3

feet over all. Buick Engine. with

attachments for fuel oil. 200 traps,

mpe, anchors and nets. Fred Mscleod, French River.

L-5621-2-28-8-1-11.

IEUBKEII ooonsfiiffivufrv description. mailed in plain wrap- per. postpaid by us. r Write for mail order catalogue, saving 80 per cent. P. O. Box 91, Dept. W-10. Hamilton, Ontario.

N-1il8-l3i.

FOR SALE AT MCNEILL’! STAB- les, Buntain do Bell's Wharf. some choice drivers. a number of mares with foal. and some farm horses. We also have a choice pony. well broken for children. (Nd-l

WELLINGTON MONEILL. L-8508-2-24-8l

To Let - 17o LET-BED srrnuo noon.

suitable for business man or woman.‘ VfiFv contra‘. 82-00 P"

THE C_I1ARLUI'I'E'IUWN

l STOCK QUOTA TYONS

Morning Stock Letter

(Received over Pltfleld and Co's Private Wire)

NEW YORK, Feb. 27-31mm Corpn. earned 20 cents inst yam‘ against 13 cents in 1935. Rubber-old directors have called a meeting to ask the stockholders to vote on a 3 w 1 5P1"- 1111 1h the common. Un- ion Carbide declares 80 cents same as paid previous quarter. Carnegie Steel Corpn. will not. open its books for second quarter orders until March 5. Prices will be announced at that time. There have been rc- ports recently that there would be an increaze in steel wages simul. tsneously with an increase in prices sometime in the near fut- ure. Phila. and Reading coal med 8 Petition for reorganization. Ger- many has banned quotations of foreign securities on German ex. changes. The Journal of Cornme carries a story this morning that; directors of Celanese when they meet Monday are expected u; d9- clare a quarterly dividend o! at least 65 cents. In vlew of the pick-

up in the rails yesterday afternoon the market won some friends 1o;- itself. although there was nothing conclusive about it. We would look for an irregular firm marekt today with further strength in Marshall fields. Macy. Sear». Rayon Stocks. Southern Pacific. Soirthern m“. way and Mont. Ward.

MONTREAL, Feb. 27—Frnser Companies-For 1938 operating earnings increased 14.9 per pent,

over previous year. After allowing 890L000 depreciation Compared with $022,187 in 1935 net before in- 00m! W! W88 894.974 compared with deficit o! $82,288 previous year. Net- earnings were equal to 2’! cents per share in 1986 compared with deficit of 50 cents in 1935 and a. deficit of $2.30 per 51mm 1n 1934. Net working capital increas. 8d W 82.638542 during the year

Bank loans of $567,000 outstanding in 1935 were eliminated. Assets moreover increased from 852,542,- to $663.12’! during the year.

from $3,474,658 as at end of 1935.

Mt’! Stock Exchange

(Supplied by Pitflcll I 60- members of Montreal Stock Exchange and Curb Market)

Stocks Oilen ....0lole llcll To! 103 103% Brazilian 20% 29 liruck Silk l B t? Pow A

Build Prod

(‘nu 11-111 185,4 18% (‘nu Nor Pr

(‘nu (‘or F11 18% 18% (‘an (‘or PM

Fan l-lydu l'fd 7'1 71 (‘an 111d Ai A 7% 7 (‘an Pnc 11% 111% (fan Loon 1D

(‘an Sienna

(‘elnncsi-

(‘nck Plow 18 1G (‘nus Smelt: 84 84% Dist Snug 26% 26% B11111 (‘mil Pfd 21 Dom Brlllgc 64% 56 Dom Si. B 19% 19% Dom ‘fox R0 S0 Dryden 14 18% F211;: Elec A

hug Elm: B

Falrchiid 10$‘ 1O humid Co

G011 Si War 15% 16% (lomlyvala

Gvpsum 16% 15% Ilum Bridge

limv 811111.11 1,5 32% Imp TM) 14% 14% 111i Nil-kl] 701/; 701/; lllt Pun’ Pffl

llnkc “Mods 37% 37 .\l1|f1 Hnr 11M. 1111’, hit-Full Ft 13% 1w, Mont Pow 32% 321,5 .\fnut l'w 32% 32"; Nut Brew 411i; 40H, Nu! Rf Car 5.1 52% Nornnrla 73% '19 Pow 1'11 20 2S Quo Pow

Nliuw 31 ‘ 305;‘ 3f buw 10% 10 Sf lmw PM 20% 211% Sou l‘1|u Pow Sf of Pun 90% 90 it (‘n11 l‘fd \\'l11 111w: A 4H1 T Win Elcc B 7 ‘I

Montreal Curb

(Supplied by Pltficld and Company Members of Montreal Stock Ixchnngu and Montreal Curb llnrkot)

Dtocia _.. open (mu Ahlilhl m‘ s14 Asln-niul 1J8 100 n A 011 211s‘ 25% go-uuluignols “S ‘MI

row ‘orp . llnlh A 17% 11% Fun Vii-k Dom Tar 18 141% llnll 14% 141/, D1111 B 15 15 From-r 30% 801 ‘oi-f Frnslcr V T C 32%,‘ 3:7 Ifmno Oil l)‘ llir Wnlkcr 40 40% 1111p Oil '22‘ 23

1| Polo 87% {Q Rivlf-licrs A l‘ co 711% 37 l‘rl1'o Pfd 121) 180 lln_v11lli1\ Z64 M15 Prlf-o I'M 129 130 ll Rlllf-lioll 2|! 2G 111-unfu- 114 114w Fnifmi St 8% 8% lhillllllll Pup

Produce Prices

MONTREAL, Pd). 28 — (OP) _. Prices moved htgher on Montreal open produce markets lust week. Graded egg shipments in carlots or less were quoted at 28 1-2cents s. dozen for grade A-lsrge, 21 l-2 for A-medium and 20 for A-pul- lets.

Butter was quoted st 3 1-4 to 1-2 cents a pound for carlots or less of No. i while 101s to retailers were 26 to 26 1-2 fofr solids and M l-2 to 2'1 for prints.

Butter was quoted at 13 to 131-4 cents a pound for Ontarios while Quebec: were , oted.

Potatoes: P.E.I. Mts. 00's 01.75; $1.2. Mts. 80's $150; Que. Mts. 80's MONTREAL, Feb. I - (OP) — Little change appeared in butter and egg prices on Canadian com- modity ex b produce section Saturday.

Butter spot-Que. mgradcd 2M0 25 1-2; Que. buyera-inqnotlon 25 to H 1-4.

Cheese spot-unquoted.

Eggs spot-Ont. A-iarge 28 I-2: A-medlurn I1 1-21: A-puilets 20 l-2a.

I08 IAIUIIIIII

I'll! practical fnlcmtlal by writing I for IUIIGLO IIIVIOI SLANTB Published I Inca a yer. Let I have your Ila and adieu!» We do the rust

INTERNATIONAL I0! b

ANIMAL IOODO, LTD.

Week. A .y Guardian- pp _ b6072-2-27-2L

N. Y. Stock Exchange

(lupplicd by runuo b Co, members of Montreal Stock Exchange and Curb Market)

leash Open Clone Al Chum A112 Cnn A111 For Pr 12% 12% A111 Rad 21111,‘, 20% Alu Ti-l Tel fill/i 1771/4 Alu Wafer -' '75 25% Arlur-unula ill-h; 03% Alf-Ilium) 76% 7614 All lief l Auburn lluld Loco 8% 8'5 Bait 0 271‘ 21% iff-iulix Av 27% 27% liclli St 93 93 filings Man Fuse 160 100 111-s Ohio IKHQ 116% . lirysll-l‘ 12.114 12.5w, will Sol 1854; 185A 011) So 31/; 3% .11 (‘an ||| tins Co 421,4 421/5 .1n Pro r Wright 1 7 l) ere 121% 121 out .1. Auto Lt m: l'r Lt 23% 28% _ il-cslonc 110% 30% . (‘II 1-:1.~.- a014, 1111/, ..1-11 Foods (ion .\iol. $5591‘ 66% lluufl T (luofl 30' 39 ’ (l! .\'o Pfd A i’! llufl .\iut Car 1-11 3111b int llnr 103 llll. To] 'l‘\-l 131,5, Julius M1111 135 Kunnurull 21/, .\i m! I'm: 11y Mont Ward M .\lur Corp 153g .\lur ('0 15%,) .\' 1' Con 45st .\'1|fl Bis .\‘|l (‘zlali Rog New York N H 8%; 9 .\lur A111 Co mm. 30 Nul- I'm~ fill/g 81M; Puck in»: 11w, 111, Pilfillllfllllli. 241% ll mum‘? R 4334f; iii iil . u!‘ 81-‘ 1 Pllll I'M ('11 h s 5‘ 1'05! '11-] (‘n11 ' Pub Sor N J 4174, 47% 1'urr- 011 L‘o 19% 19 lfndlo Po 11o" 111/J 521110 "K O . 8% 8% Sears n0 Co fl)‘ 901' Sin-Ill lllulun OI l,‘ m 11111 m- w W nub. M I 7L". 2" ptuflo U0 151% 715% er 4'0 my s2 Units-d Air a0 30% Ilnl't‘d (u 6 3y‘ Ilniff-d Drr [inlmi (ins Im-p 111-g r5 ‘ Rub 50% 55% 8 St Co 1101/‘, 111% 11 s_ 111d .41 oow., 4014 Vanadium 31% 1111A Wnrnel Bros 151,5 15% West. Union 74 741,5 “est Air B Q‘ y“ est Eli-r. 154114 1_-,|;1/‘ Woolworth 551,5

Grain

WTNNIPEG Jleib. 2'1 - (OP) — Moving within a one-cent range. wheat prices finished 1-2 to 1-4 cent higher on the Wfnnipeggrain exchange Saturday.

Firmer outside markets and

GUARD! Ah

your neighbors

The man next work in an

Behind The Headfines lit Ottawa

By Dean Wilson

1.1 one disregards all the argu- | merits that are in favour or

8mm demand in the export divi- sion out the May future at £1.25. July at $1.21 1-8 and October at 81.10. Canadian export sales were estimated at 400.000 bushels.

Liverpool was strong. closing with gains of more than id while Buenm Aires finished unchanged. Chicago was strong despite addit- ional moisture in the United Stat- es winter wheat belt.

In cash wheat. demand for the various grades was dormant and Ipreads were generally unchanged. A little improvement was noted in the coarse grains market.

TORONTO, m. fl-fcPl-Min- ing shares indulged 1n a mild re- treat in Saturday's short session. both the golds and the miscellan- eous mines averages declining a half point to a point. Western oils displayed a slightly ‘ ’ tone. Volume over the board was sharply down from that of other Saturday sessions of the month.

Hudson Bay eased back 3-4 to 88 and Noranda took a i-4 point ices while» recessions of 8 to l0 cents were boarded for Budbury Basin, Waite-Amulet, sherritt-GordomAi- dermac and Chromium. 1n the silvers Eldon-ado was a bit heavy,

‘ ‘ 7 cents dowrf st 2.43.

Donne and Buflaio-Ankerite were the only losers in the gold group selling above the $10 mark. Pickle Crow declined 10 cents and the close was down 10 to 15 cents for Bfscoe, central Patricia. Braiurne. MucLeod-Coekshutt and Mining Corporation.

A few golds recorded improve- ment. O'Brien added 26 cents. Red Oreat '1, Toburn 25.

Gains predominated in the 011s on light trading. Foothills had a 40-cent advance. Calgary-Edmonton 10. A. P. Consolidated 4. Okalta 1n and Texas-Canadian 8. Dalhousiv

lllllllfi Iii!-

8 cents.

against the Government's defence‘ programme, and observes the con-

ditions as they really exist in

Canada today. no person will deny

that the information disclosed in

recent days proved a surprise from

all points of view.

Canadians were surprised m learn that this country did not , possess a single anti-aircraft gun. There were no provisions for me- chanical means of transportation in the event of a military carn- paign. Coast defences were in a precarious state in the case of an attack. If Canada. had to manu- facture rifes, machine guns and artillery. it would be impossible un- der present conditions.

In other words, military ex- perts would be forced to sdnut that Canada ls the only country in the world which disbanded its land. sen and sir forces to such a complete extent after the Great War. that today there ls only s.

militia in Oanada T of six ‘ y divisions. only one cavalry. 01 machine gun units. a

small group of Royal Army Medi- cal 001110. Royal Canadian En- gineers, Canadian Naval Volunteer Reserve, etc, and the total strength should be about 90.000.

A close study of the increased estimates for Canada's defence shows that the main increases have been made with a view to provide stores and equipment to make the reduced militia force more effective and modern, and

“Supplied by Fltflelfi and Company Isnbnc of Inntronl linen lac-lung! and Muntn-nl (‘orb Market)

fllnrlia Clone

“k I':|I|

plant. On the other side of you live men employed in paint and rubber factories. Across the street are a baker, a. railwayman, the foreman of a. textile mill, a steel plant superintend- ent, a shoe salesman and a theatre employee.

AUTOMOT v A

PAGE Fl V E

These Homes Depend "new Tffif .1..'.‘,’°.".."§.'.‘.Z'.?f.f. 33311353.;

the hedge about roses or tomatoes, but it probably doesn’

t occur to you that each of helps to pay your rent or

taxes, and to buy the food, furniture, clothing and other things that make life worth living.

door may automobile

bu: that the manuf and trucks emails

finished and raw many other industries. Anything that would retard orders from auto- mobile manufacturers would seri-

ously affecf many company payrolls.

not to produce an attacking army.

but rather to be prepared. The technical experts of the Govern- ment at Ottawa do not hesitate to indicate this fact. 4 O I Although outward calm exists in Ottawa. one can feel a certain cur- rent of excitement in the Capitol, especially amongst those persons who are in charge of Canaries preparations for the Kings corona- tion ceremonies. Canada is cer- tain to have a large representa- tion, official and unofficial, but few people realize the importance or extent of the work involved in guarding that no legal or consti- tutional errors enter the picture. and this brings up s. vital point The coronation outh has been changed to give-Canada and oth- 6l"D0lI1lll10llS an equal status 1111111 Great Britain. which is the first time that n change of this m.- turc has been made since tlic Ofllll 1111s modified when the union b1:- twccn Scotland and England look place many years ago. The 011th is one of those portions of the ceremonial which goes back, to a vciy distant past. almost. to the eighth century, and it is only on rare occasions that any change or modification is made. However. Canadian officials must adopt all present preparations to fit the new change which has been modi- fied to agree with the statute of Westminster, and the Dominions

Woflgain Remind You . . . that the automotive industry not only in itself is an important unit in the business life of Canada,

What affects one, affects

freight to haul. Stores, restaur-

ali. Should the automobile plant shut down or cur- tail production, the steel, rubber, paint, glass, textile and numerous other industries will suffer, too. The railways will have less

ants, theatres

will feel the pinch. There will be less money

in circulation.

the welfare

aczuring of cars the purchase of materials from

job depends

other important

100b, Lmnsllm B irrldi

activities of these Canadian auth- orities. uith rhe strong probability that at least $1.000.000 a year will be spent by Canada. t0 reclaim these dried areas. o l O

So far Canada has maintained a very strict attitude of neutrality in the Spanish civil war. and it may even be slated here that the whole affair has been carefully- ignorcd by everyone in authority in Ottawa. However, a semi-of- ficial feeling exists in the Capital right 110w that. many foreigners who 11nd enlisted on one side or ‘ the other, and who were former 1 residents of our country. may e11- countvr grave difficulties when they attempt. to return tn the Do- minion. Pnurticnllv ull of iliesc volunlcers loft Cllllflllg, stating an exact (lostinntion or pilfposc, and therefore. 1t is a strong p0&-‘1l1ilit_y' that those men will moot \\'i\l1 stern ctr-position when they nlfompt. to obtain their |):1$.<])11l‘l.<. 11111111 they must rc- ccivv from their own consuls-gon- erals. 111 any case, 11. is exported that the question of volunteers and their return to our country, will b1‘ the first important connec- tion of Canada with thr- Spanish civil strife. and it should produce an important point.

RAILWAY EARNINGS

(CI. By Guardian's Special Wire) MONTREAL. Feb. 28 —— Gross

now take their place as ro-cqual members of the British Common- wvnlth, with the Crown as its symbol. I O l I

There are definite signs in the Capital that serious action will be taken lo help the drought arr-as of the west, and it will be in s manner that has not boon dis:- cioocd as yui. Figures show that over three hundred municipalities in the three Prairie Provinces have suffered the ravages of the drought. and the conditions demand im- mediate action. Consequently, the Hon. J. G. Gardiner. Nfinister of Agriculture. and certain depart- mental authorities, are scary oc- cupied studying this serious prob- lem from every point of view, and they are especially watching the actions being taken now by ti‘! United States Government which has undertaken to 990ml a 811m of 3500000000 to rehabilitate their drought areas within the next ton