r To

l t

I - I

iiRevivai o: 01a

2tl~7eliovrlng

gonnett Jr. wamed the

“ “h” 1' to beware of bucket

I flue ‘Pnertitxtlkk racketeering which

i l" “M to believe had return- E“'“h'f§,':9:lsc iii the riiiii-liet. Th0 t“ General‘! investigators sug- ei-er, that one hopeful in- m h: bucketing was that it If: business had turned the col- P‘

V" ids were made under the vntiorhuhfrmmhrose V. McCall Dep- Imcflslsiiillt Attorney General. The My General subpoenaed books mrafhpl‘ records which his staff ll I'd "ling, no plans to ask for ia- m against any shop against l‘ ids evidence of fraudulent Irhniflpll! anil will begin proceedings I ilabiv' on lllondny. > In“ Mtorney General made the T“ as a reslilt of complaints bv in- llflif‘ that they hail not received the m urcliaseil. ln each in- N. Attorney Gcneral's men "msiirrii-i-ii iii riiu activity, a iilrlli- Mncoatrast to tho idleness found in 52mph raided during the Summer.

“any Prospects Benched.

rhonsands of cards were follnd in

"my srstc-nls which indicated, ac- fl ' ilir. lllcCnll, that many nail been reached. 0n‘:

an

ten outside salesmen used thr- telephone to reach rpepllfli? reported by the outside I, working on a small commission s"; thi- salesmen average $150 a wit. lluycrs are investing from 2500 p $1,000 each. Th.- Atiorney Gencral has found in \ll recent raid that the old system of

Livestock Market

uoxranan, Sent. oo-(By ‘PM ciaiirliau Prelim-Cattle receipts were 1,770 on the two Montreal live- ‘ftlfik markets today. The bulk of the cattle offered were of northwest ori-

pin

cling was practically at a stand- |1 , (‘nit receipts were 1,820 There iris better feeling in the calf marktif. ml prices were estimated to he pirady to 25 cents hiirllrr- Trllillll! was fairly active. liledium good to jiiml calves avcrnllllll! llPYWFlfll l1" sail 2'20 pounds, were sold from $ll~-5 l» $0.50 with an odd choice calf sell- jug 11p to $7. Just fair _ quality calves brought $5.50 to $0 llllll roliliilflil light vi-nls wt-rc sold around 1i llrilikcrs or pail fed mlvcs rnlltltll tmiii tfl to $410. Grass calves were yaosi $2 to $2.25 with n range of $1.75 ti! $2.75. _ Good and choice veal $.50 Common and mediums $3 ‘PISSPTK $1.75 to $2.75.

Sheep receipts were 4.470. Between 2,000 and '.',5tl0 lambs were wcillhed early at $5 for good owes and wcth- "ii ii-ith culls and bucks cut $2 per iatfille small lot of buck lambs was sold at H. Sheep were slow sell- m with most of the sales between Ililll and $2. Quotations: Ewes S1 to rY/l; Lambs good $5, common $3 t0 17.1.

‘ling rccclpts were 2,014. Hogs Jamie. a lzaiu of 10 to 25 cents from l-sl week. Sales were mndo curly at i575 for selects, ' bncons, butt-horn aziil lights fed and watcrcd. llcavy lilies in mlxcd lots brought $5.50 null luvs were stronger at $4 to $4.75. "lieu sold on grade select brought $1 ucr hog premium with a cut of l’! and SR pcr hog on bcavies null ex- tra hcavics.

i

MONTREAL. Scotw Qik-(By The r-iiiiillan Pressl-(‘attle prices touch- eil ii-w low levels on the two illont- vc stock markets today. lliivcrs i-i: to make an offer were diffi- c to find and trailing was very 1" flnlv approximately 500 out of ii 1770 receipts were sold. Thi- blllk o’ ‘tlP cattle offercd were of North- vr-: origin and wero mostly good flours. A couple of lcads of choir-c steer-i were solil for $5 with one load if" $5.95. Good steers were the slow- est sailors. The few weighed were at prices around $4.50. The steers oi‘ alr-diuul qualitl’ that were sold icougllt from $3.50 t" $4. With l1 fow- ter cxport uo to $4.25. One load of cnmmoli rvualltv fair heavv steers llrnanlil silos. The iii-lit tliiii klliilR Wire uot moving. The wood cows o'er‘- not sold, (‘hum of mcdll-rv‘ wood dual- it" sold as low as 22.1 The hulk of ti" cancers werc $l with the poorest Pile down to 75 cents. ‘l licttcr feeling was experienced in if calf market anil “fr,” 1111f‘: "i. lylltctl to be stcadv to 25 Mimi Ml". Tlcrr-lnla ww- ison. rriiiuii: '7“ fairly active. lllcdilvm good il"'"l calves_ averaging iii-tween < ilcil 290 pounds were sold from Slljlfl 4" $0.50, with an orld choice calf sell- !“ "F i" $7. Just fair to mt-dium_ ‘lflmllll’ calves brought $5.50 to til ‘"1 "Hyman llrlit VNill siiuli-c ll- lcluvl S». Drink or nr-il fed calves ‘lllikvll from Sfi to~.\4..'=tl, Crag; flnlfflfl "l" "Well." $7 to $2.25 with a range It 51.1.1 iii $2.111,

to S7. tn $0.25

-o It» 33

QUOTATIONS

. "Mil Iifid choice i-i-iil soao ti» s1, zlllllllconanil Mediums I0 to $0, Grass. iii-i to 52.2.1. Shoo-i receipts to- ll 4.170. lambs sold slowly at ‘_lil.l' prlccs The standard quotation

"hcood owes and wrthcrs was $5

culls and bucks out at a cut of

M Iilcrkhuniircd weight one small lat "Prflll:h“l_ni:1'l;;1pwilslrolil at $4. Slhr-cll Q" than “M s‘; ll‘ h most sales be.

QUOTATIO." "

“w” t‘ t" $2 '50- Lanibs good . .- , _ ‘KI hmmfpli-‘l to $4.711. llolzs Iflfltlé ii MAW‘ in Zlficents from last week. yxoTi grere -010 sales were made NGI-Ehflr selects llfiffflllfl, hiiti-lit-i-n M‘, l- fcrl and watered. lleary Q‘ llrmlxcd lots brought $5.50 iiyid Jn-r‘ “arc stronger at, $4 1,, 34,75 m h” r "ll tirade sclt-cis brought m h" m um with a cut of $2 t» x3 i2 on heavlcs and cxira heavlrs.

3“ uxcrrarmri na-nis

{yxnw YORK-Foreign exchange ‘Jiifilill’ Saturday. Demand is; , "'°-'l! Tlrltain 13.40%: France

~ l I , (“many gafmzll-Emidrelfiilkm, liitlalfi .

M

Ilii - nil forei srds relieves Stomach Cramp. exgieggkfilAtlf-Jzggglgu t.“ “Mali: M dollar, as comlill"! by ll" 3°?“ ilank of Canada, closed Saturday as | follows:

' . Q\QM y.‘

EYES TESTEii :GLASSE§MFI'I"I‘ED I

.l. S. TAYLOR E. W. TAYLOR Optometrists

’ m 0-0-00-

Ilicbmond street

A SER 21,1332 TUCKS» 4B ' CK RISE BRINGS

U¢1<E.r..s_l=ii9Ps BA CK ,

~ l Th P blic After Four Raids Reveal fine“ warns eRagkets —'Sel1ing At Full Blast.

and were mostly good steers.-

to medium ,

ogyas

THE CHARLOTTETOWN GUARDIAN

N lcsllulal. iiiliiiliiliidyl.»

margin buying has been lngely re- placed by instalment buying." Many of the customers who had no cash put up 0d securities for loans with which. t 0y» purchased questionable securities. The investigation has dis- closed also that it has been the prac- tice of raided shops to concentrate on the sale of listed stocks from which the market value has practically die- sppeared. ‘

Most of the said they had So far about been examined be questioned.

salesmen questioned started ten days ago.

witnesses have and 200 more are to

llsni Iuuilisr Iuees.

Mn afcCall has reported to Attor- ney General Bennett. that many old faces that were familiar in the secu- rities investigations of the former boom market have reappeared with the new bull lnarke

"The activities o ftbe ao-called stock racketeers- which have been brought to the attention of this of- fice, and which we are now investi- gating" said Attorney General Ben- nett, ‘implies me to warn the public to be moat careful in the selection of people with whom they do stock and

Benefits Will Follow Rise In Bond‘ Price

OTTAWA, Sept. iii-A replii-l; tuned by the Dominion Bureau of sumac laya emphasis on the advance in m: irice of high gmde bonds.

The report lays:

"The 4% percent due in 1pm "s currently quoted at 08 bid compared with 02 about the middle of June-a Iain in three months of no less than 0 in one of the principal bend; or the Dominion Government. The gain on other bonds of a high-grade char-Mtg; has been equally treat.

“The_advance in high-grade bonds may hekregarded as a prerpllsite of economic recovery. lt adds consider- ably to the value of the assets ct the chartered banks sud other col-pom. tlons and institutions holding a. mounts aa s reserve.

"The development has a wide sig- nificance in connection with tho ens- ing on high-grade bonds fosters the flow of liquid funds into industrial ,Ierprises. Abundance 0t cred]; a; "asonable rates acts as mi [manure it? the resumption of business opera-

ons."

Gains Reported In World Business

bond business.

“The four raids made during the past week confirm my belief that hilclrcting and stock racketeering are. being revived on a large scale, dl1e' an doubt to the rettlrn of the boom market. Before people part with their; money for suspicious securities they ahollld get the advice of their local bankers and lawyers and friends to, insure their protection against thol practices of larceny, bucketing and the sale of fraudulent and worthless securities indulged in by fly-by-night security sellers."

Mining Stocks

TORONTO-Standard lllining close Saturday I Stock High Low Close Acme 13% 13V; 13% Alex . 03V; 031/, 03% Amuie 27 25 27 aiiiity o1 l 0i. Area . 03 03 03 Arno ... 03 02% 03 B Hailing All/l (l5 05 Blilgood 02% 02% 02V: . 302 390 302 Buffalo 03V.- iklifi 03% Canllea 04% 4 04% ClericY 01% 011/, oil/i. Columario 00 00 Dome 1290 i200 1200 Granada SS 80 88 llollinger 585 585 515 Homestead $16 '33 . 23 Howey 041/, 04 04 tKltk Liilie sooo 2on1 211.10 l Ilacassn . 20 Z0 20 illun Baal ill 0i 01 Milling I50 152 153 lloffat 02% 02' 02% Newhcc ... 04 4 Nlpisaing l.'il 130 130 Noranda 2720 2100 2115 North (‘an 3i ill 3i Olga .. l0 ‘l0 lil Pct Cobalt 01 01 0i Premier. . San Antonio Sherritt

Thomas Ciltl

Towagmao ... .. 25 25 25 Vacuum Gas ... ... l0 . Wright liar ... .... 205 25D 205 Silver 21% Total sales, 222,000 shares. UNLISTED BWVana .... 80 Si) 80 07 0T 07 u 100 100 100 Coast Copp ... 400 400 400 Conisurluni ... 25 25 25 l-lldorado ... I 140 I35 140 Hudson Bay ... .... 425 225 225 Inil Nickle ... .-.. 1H0 1100 1140 Kirk I-fud B ... ... I55 as blclreoil Riv ... i... 05 01% 04 Penln Pete ... i.. . 12% 111,5 12% Ventures ... ... .. 85 85$ 85 Vickers ... ... . I4 14 I4 CURB - Algolna .. ... .. ‘l0 00% 09% Baldwin . ill 01

Ilalroliic ... Oil Select ... lilbago ... Ritchie ... S Koora ..- Stocks Auvuii-t Don liouyn Lake Sb .. llloas Noranda Siscoe Sullivan

lludson l‘arkhill Shcrr Gor Thom (‘ad .. (Total Sales) Today-4,4-il

0,805 1,810 Unlisted. Previous day--2,870.

shares. Mines.

Shares. 18,480 iilines. 2,805 Unlisted.

The Montreal Curb Market

Assoc Dr 6% 6V; UV) 5% Assoc Oil l2 l2 ll 11 D. A. ou 101,; 101.: 107/4’. 10% Bcaunoia 1% "ti. 1% 1% (‘an Nor I’ d '15 ‘I5 75 '1' Home Oil b0 {i0 iii) 50 Imp Oil 10% 101/4 10 10 lnt Pete .. .. 11% 1171 11% 1W‘ Pow Cpn Pfd 00% till/t ‘W14 10% Sou (‘an Pfd . 80 8n

wiillici- ' 01,5 i114 6% 6% o» rm 9% i114 1M llii

Foreign Exchange

Argentina peso .2888.

Australia pound 8.0788.

Bralii niilreis .0840.

Denmark krone .1004.

Finland fialnark .0176.

France franc .0434.

Germany reichsmark .2040.

Great Britain pound 3.84M.

Italy lire .0600.

Japan yen .2075.

New Zealand pound 8.4012. i, Norway krone .1936. . Sweden krone .1871.

United States, dollar WI I " premium, ‘

,Anac Copper ..

WASHINGTON, Supt. fill-Several favorable factors in the business situation abroad during the last week were shown in the summary of world economic conditions issued today by Louis Domeratzky, Chief of the Di- vision of Region information of the Department of Commerce,

Belgian business la better in tone as a result of the New York stock market rise, improvement appeared in Quebec and some other parts of Can- ada snd Japan's stock and commodity prices have taken a general upward have been checked and to liavemPilut trend. The general decline of business conditions in Germany appears to

XPURTSUP ll iglllll

Over Million Pounds I-n P a. s t Y e a. r— 332502 Pounds In 1931.

QTTAWA_ sum, 2a_(CP)-Cansda‘a export dressed poultry business i! growing. In August the export val 71,307 pounds valued at 814.318, coin- pared with 11.109 pounds at $4,150 in Jilly iiiid 7,600 at $2.501 iii Angeli. 108i. The export during the last 12 mouths was 1,110,182 pounds com- pared with 382.502 pounds in the prev- ious 12 months_ says a Dominion Bureau of Statistics report.

The people of the United Kingdom are taking to Canadian poultry. Out of the total of 320,285 pounds wilich have gone these in the past ‘l2 mouths, 210,182 pounds went in the last four months. The quantity in August was 50.372 pounds and in lllay, 117,771, these being the bigirest months.

Montreal Stock Market Quotation;

(Canadian Press)

have been cllcckeil and given place to a period of stagnation. The Philip- pines maiutaincrl rcccrlt gains in trade and business r-ripiliflons bllt without our illlti\-t-1vt"\l lmprovcnlcnt.

General business conditions continu-I

ed slow in various other parts of the world.

Australfiul Outlook Britt-r.

The survey, lo part, follows: Australian-alibi improvement con-

tinues in Australian trade. and fin- ance. lmports are steady anil cx- ‘ Phflngfl is liccolviiiig more favorable.

Agricultural ilnd pastoral production will be excclicnt and strength at opening wool salcs is crcatlng n spirit of confidence.

Iielyriunl-Tho general tone of Bel- gian business was considerably bet- ter dunlng August, mainly owing to the rise in the New York stock mar- ket nml the strengthening prices of Far East commodities. The coal in- dustry is in better condition, and striking miners havc voted to resume work. The mctoiiilrciciil market took a tllrn for the bctH-c at the end of August.

British lialav-Jiusiness experienc- ed a sharp setback during the first week lll September. Local rubber trailing is uncertain and the gcncral tone of business lcss optimistic. The tin rnurkct is fairly steady at lower

vo ,

Canada—1rcvorslug thc trend of June and Jilly, August imports were slightly higher alld exports slightly lowes in valuation than in thc ure- ocding mouth_ .'i'1lly being reported at 30.521000 Canadian dollars and Alig- uat at 41,314,000 (‘allndlan dollars. lu- dllstrial machinery makers and foun- dries in Quebec Province: report 1m. provenlent. Wholcsulers in that area, especially of dry goods and kindred lines, report oral improvement. Whole sale trade in Ontario is picking up. Prairie Province trade so far has not shown the improvement anticipated. In British Columbia there has hccu s marked improvement in l-‘ail tex- tile lines.

The New York Stock Exchange

‘Stocks

High Low Close

Allied (‘hem .. .. 841/, 101/, 80% An anil l1‘ Pwt- .. 131/, 101,1, 10st,

Am Smelt .. .. 20% 1R l8 Am Tel and Tel .. 116M lllZ 11202 4% 12V: 13

on .. .. 50% 715W. 54% Auhuslu Ililotor . .. i118 521/, 53 llllll -'l l‘.\' -- .. .. 3 12% ‘l2 (‘an lwic By .. .. .. 11m. iov, ‘i022 (‘use J. l 50V r"."/ 2'4 Chesapeake null 0 . 20V‘. 54’ it; Com Solvents .. 121.4 ll 11% 2211i‘ .. .. gill/Q 53M; C3 . I .. .. I Corn Products .. .. aiillg 5'2 52 Delaware anil H S00’, 8i ntfllTQllil lliatch .. . 177;, 171/, 17-51,, Drug inc .. .. .. .. 4i‘ .7?‘ 43V siiisliiihii lciiiliili .. . any. m" may: Gen Elcc .. .. 201' isv is-lg ocii Foods .. .. n1" :11 " an Gen Motors .. .. i914 17 17 grill-garter .. ... 291/4 26% 2'14 liiq (‘lllllflillltn-i. n Nat Biscuit .. .. N. I’, (‘cutral .. North Amiu ..

Norauda llilirii Pub Secrli-c ll.

Rtnnd Oil N. Texas Gulf S fiadifi .. ..

oy Dutch . 2 Union Carbide It? 'Un Pac .. . 7,15% United (‘orp 1 ll. S. Rubbe 1 U~ B. Steel . 431;, Vanadium ma», Westinghouse 34% Woolworth 39

i

Plonucl

(Canadian Press)

‘MONTREAL. Sept. 2il—A slightly firmer tonc was experienced on the produce and dairly markets h"; today.

Cili-cse was l.ipher_ Ontario‘; Mo‘;

quoted a‘ ll to 11% tents u plural and (m. cs st lit; to 107,, cents.

Receipts 'cro 2,757 boxes, Eggg “l. vanced. fresh Ontario selling at 9a tg 20 cents for extras, 20 cents for firsts and 18%, to l4 centa a dozcn for 11cc- onds. Prairie eggs were 20 to 27 eenra for extras, l0 to 20 cents for firsts and l3 to 131,1, cents for seconds. Quo- tations to rctnilera were unchanged. Receipts were. light, only 231 eases.

Butter trading was quiet as prices held firm, (‘invent/make was quoted It 21% to 21% centl and 21% to 2H5 centa for No. 1 to retailers solids were 23 cents and prints 24 cents. lic- ceipts were 220 boxes.

Yotatcics were unchanged, New Brunswick green mountains selling at 75 cents per S0 pound hag and New Brunswick cobblcrs at 70 ccnis. Montreal potatoes were 40 to 00 eenta per S0 pound has.

i-ililllxylfllfi

l

Stocks Open High Low Close aliuilii 1% 1% l, 1 libcrta Grain 1712i

i licll Tole ... . - - ll. C. Pack . . 2 g" 2 f llciiziuiiii . .. 11% llus ljl l,

in. c. finite; .. o?” ‘:64? at" {W ll. C. ow . s u miihii Silk 41/. 41/.- W, 4: (‘an (‘em -- 4V4 4Y1 4' 4/0 (‘an Cem Pfi 30 3mm 39 0 (‘an Steam .. . 8 3 3 3‘ Do I'M .. .. . 91/; m/l m’- “A (‘an llronze .. l7 17 l7 Va (‘an (‘av 6% 0% ‘l, - D0 rm .. iii/i 11% 17/. ""4 Celan Pfd ... ‘l0 70 0‘ Z0" (‘an Gen Elcc . 551.4. 55V‘ '55 '54 (‘an iii-ii Pfd so i1 Si; fig (‘an lllil a1 . 2 2% -» J/i ciiii PIN‘ Ry . 2o 20 18% 18% (‘ocl-isiéutt “Plow s: M m" “KIA

c7116 ... "

ni-iilize .. luv. 191/. 18%’. Fifi Do sl-iil Coal n iz 1 1% 1A Dom Textile .. 57% Dryden 2 Eastern Dairies 0V.- lcu Stceilvnrco 1% 1% 1'7’; 1% Goodyear Pfd . 119% n my m“ rllDi ... llel J llamil Bridge 5 ii 5 5

illol ... .. 5'5 5 5 535 iiit Nickle ill/i 111/. 10% l0. Lake tho Woods 7%}

lillassey Harris 4% 4% 4% 4% ciciiol lri-ciit . W. n-‘ii Mi 9% Mont POWCI .. fill R031 36% 80% Nut Brew .. . 1S 18 18 1S Nat Brick 50 ‘Steel Cnradill/ii 10% 10% 10%

I; V0 .. l4 O Power (‘orp .. l-‘Wi 13% lil-‘li 13% Quebec Pow .. 101i, 10% 16% 10% “slbawlnégan .. 10 I‘ Iii l7~‘,l’i 17%

. mon ons .. . 5 So (‘an POW .. 20 20 '20 20

lSt. Law Corp ilii tin 00 no St. Law Flour "5 ‘l5 25 25 Steel of (‘an -1 Winn I-‘flcc 5%‘ 5% 5% 5% Winn Pfd .. . 15

l Vic Loan

1034 10200 l0‘.'00 10200 10200 Vic Loan 1031 10850 10850 10850 10850

Miscellaneous

Canadian Press)

BIOXTREI\I4, Sept. flti-dlarley Cun- adiao western No. 3 3i); Oats Cana- dian western No. 3 3D; Oats, Cana- dian western No. 3 32; Oats feed No l, 31; Flour, spring wheat patents, firsts 4.60: Flour, seconds 4.00; Flour bakers 3.00; Flour, winter wheat pat- cots. choice 2.75; ll‘lollr white corn 4.20; Bran, ton 17.25; Shorts, ton ll).- 25; hiidilling ton 24.25; Rolled Oats, bill: D0 lbs. ‘$.60: Hay no. 2 per ton, car iota 10.50; Cheese 0nt., 11-11%: Cheese, Que ltWi-lim; Butter, finest 2105-‘304; Eggs, fresh specials in cur- tons .35; Eggs, fresh extras in car- tons iii: Eggs, fnesh firsts in cartons 20; Potatoes N. B. green mountains, S0 lb. bag 75: Potatoes N. B. cobble-rs 80 lb bag 70; Potatoes Montreal S0 lil. bng 40-110.