MAYiQQ, _19§_5

.111" ‘IHAKQQL-‘LLLVZN 911.5113!“ "‘

"$100K QUOTA TIONS

w iiiiiifiwn Hill cum iflcl

i Niﬂfvl H “Q, I:,'i\v\\"ii<iil s

_ y Harris ..

urn,“ FruilL .

our Iluu‘ . . . . .. 04x»-

Net; lﬁ/ork Curb‘

(Johnston and Ward)

“Mk. Opened Amer t‘.\'llll _“_ ‘mar this liicl. ..

or .\‘up Pow .

m, g,“ (‘0 19¢ 130ml bliiirc .. Gfgyhlliiiill Iiim ilil itrl’ [mp (iii l.til lnler l'<‘l - ‘ llllli .. . ltniul itil lull stand (ill lwn . iii Light. row A

= .@»—¢ _ $ 3312-:- Eiiiga.

MTTLQURB

Stocks .

Opened LII! ‘ Alillliil .. .. 80 liciiniuiimnls . . . .. 3W; Brow (‘nrp (‘om .. 31/; llrlt Aiiwr Oil 15% (‘hump fill nfd 7 (‘on Piiprr 105 Dom Stores . . 71/, l<‘|irii ui’ l‘:iii A 2ft (in-cu ﬁlziliuii ‘.20 Imp ' . 201/, llnp ‘Pull 13% liitl Pit 30-1’, blplclir-rs A . 0% Nurnmlli . . 3X00 'i'eck liiiizlivn . . 412 Wnlkcr (lunll . . 25 Wiiliri-r (innil pfil 17

Walkm- liir-w Wright Hnr ,.

EXCHiNGE

(Canadian Press)

MONTREAL, May 29—British and Iorcign exchange in relation to the Canadian dollar as comlJllB-d by the Royal Bank of Canada clos- ed today as follows:-

Australia pound 3.9400 -

Austria schiliing .1088-

Bclglum balsa .1712.

Brazil milreis .0656. ,

China Hong Kong dollars 5947

Czechoslovakia crown .0418.

Denmark lcrone .2206.

Finland flnmsrk .0220.

IFrance, franc .0661.

Germany reichsmark .4036.

Great Britain pound 4.9309.

Holland florin .6762-

H-ujigm-y pengo .2974-

Indla rupee .3750.

Italy lire .0824.

Japan yen .2919.

Jugoslavio. dlnar .0229.

New Zealand pound 3.9796.

Norway krone .2481.

South Africa. pound 4.9102

Poland zloti .1895.

Spain peseta .1368-

Sweden krone .2546»

Switzerland franc 3235.

United States dollar 3-32 D97‘

cent premium.

g orili In lie ﬂiairitenrur0fferingo, Curls, etc, inch: N01 ther rates on upllllﬂtm“

I-mlmnm gnu‘. l" ‘n, pdvertlnclncnl twenty

,_g yo: three llllrl’. .1125. ..: .01.». wnliltlninilynnel. '

_ For Sale

FUR. SALE - AUCTION FORTY- i-‘lve, Bridge and Whist Scorn Cards. Guardian Central Joli pﬂgggy Nov. 1-tf_

F08. SALE-GOOD WORK HORSE. Roy Crosby, Cornwall.

L-7544-5-29-3i.

Central Guardian lurnln. M‘ U" '9'“ W "Md." ""'°"m'zii'iiiiriwriliitcifzinim per lneh; Lin: nf Flornl and

4c pep numri lntterl nf Condolence 70c lees of Thnnin and AIIWWII" °l~ 7°“ 9"‘ lmh ”' ‘°" "‘

Advertising Rates-Payable in Advance

i bVesti-rn and EIIIIPIII locnis, 9c Events, lo h"? "Iflit cllﬂlm“

-flva cents.

Miscellaneous

SAVE AND BE SAFE. THIS IS best accomplished by buying‘ 1011i; term endowments in Sun Life. We have a policy to suit your every need. See J. A. Moore, Currie Building, Charlottetown. 11-7540.

Wanted

70X ROUND PUPS FOR SALE. 96 Sydney Street. L-7505-5-28-4i =-~:;_____-_-—--~» __

Ion SALE - HEAVY snow" Paper suitable for placing under rugsreﬁc. Guardian Office.

3-27-11.

.__._____________¢~-

'| SALE AT A BARGAIN. English Motor Cycle new, at

Braces, ‘Bummerside. 11-7556-5-29 -3i.

::> “

FOR SALE — SMALL COMBIN- aticn. ﬁreproof Safe, practically

new at a bargain. Apply 125 E15?

‘XEEE; ‘"7533

FOR SALE-MODEL A FORD CAB- riolet. Rumble seat. Good condi- tion. Cheap for cash. GaraSBi lrench- Rher. 14-7048-5-30-31.

ﬁll-SALE - Dltilyﬁllﬁtlllbh, Wilson and harness. Apply Devcreaux Grocery or Roland C020 Alexandria. L-7652-5 ‘0-21.

F011 SALE -- SENATOR DUNLOP Strawberry Plants. 50 cents P" lllllllllﬂd; $4.00 per thousand. Wil- lard Prowse, Brackley.

L-7646-5-29-3i.

W; ' It SALE-DOUBLE TENEMENT lwust Nos s and v Upper Queen Street to be moved on present loo-

ation immediately“ Phone 404. L-vsss-s-lo l

. Add llﬂstage is mailed. Thos. Mayhew, Kinkora, R. R. 2. P. E. I.

_ 11-7588-8-30-11.

llllswaeitav rum, sraono Senator Dunlap. New bed. Moss picked. Prepaid iso $1.00. s00 saso. ‘W0 $4M. wiui-ea Wattcrworth. élllme. L-74li0-5-27-4i.

70B BALE-ONE worm noose. "W lbs. 010.00. m (fut) driv- lwml. sue ntced to work "Ills and dou 1e. Walter s. Wm". Fredericton. m n-rii-ia-a-ao-ai

“tllocrders Wanted

"Aspens COMFOBTADLY AO- "llllwdlted is’! Prince street.

.= r-ruea-s-ao-si.

Female HelpWanted ‘Whip-ruin eon GENERAL nl-lgawork, Must be used to m" 9W0"! girl preferred.

‘W’! t0 Box lli. 0.0. Guardian. _ L-WIB-li-

Pqnuoii Wanted

Ir:i£-_~__,._,a.m

- ~ o

W!" 031%.? ii-

As louse- of uiviuic.

WANTED - coon USED FORD. Chevrolet Sedan or Coach. Write o. Box 110. L-7525-5-2tl-L.

WANTED — CAR FOR CASH, must be in good shape. Give full particulars. Write F. Guardian.

11-7554-5 ‘lit 3i

WANTED T0 RENT FOR JULY and August, Summer Cottage within short distance’ of Catholic Church. Apply "11.’ Guardian.

L-Fillilizli-

WANTED — BOARD FOR MOTH- er, two duuglitcrs, small son. Two bedrooms. Comfortable bells @5- sentlnl. For July, perhaps 9118"- Reasonable rate desired. Must be near bench. Address Mrs. Bruce Robb 152 Alma Street, Mcinctcn.

’ L-7545-5-29-3i.

T0 LET _ nouss. §§yf@'_._' ro tor - HEATED APARTMENT. 3 4 and 5 rooms. Some furnished.

‘ L-7514-5-28-3i.

APPLY '13 L-758ilj-29-3i.

.____.______- 1'0 LET-SEVEN ROOM iiousiz. 200 Grafton st. Apply 244 Kent 5,, L-7575-5-29-3i

T0 LET - upper: ApArvrMr-zwr. Immediate entry- ADPlY 237 Mince Street. L-75l8-5-28-3l.

____'__

TQ L571‘ - FURNISHED SINGLE bedroom. Good location. Phone

626 °r Guwmn ofiifissz-s-zs-ai.

gm- ‘_ SUMMER CUPIAGE Teiear shore, 5 miles from City. Ap- ply Guardian. R00 A1,‘ MRS. WALTER Halli‘: 44 King square, Saint John.

u B‘ Pﬂvm honiflﬂlw-li-SO-Si.

=§§gh!2E;=

WAN-mg ... i-Amu nururmnpr ssiumeri. Apply by 1m"- Qxpgrlenoe, and givri references. Mg ' ‘ er, care Guardian.

11-7550-5-29-31.

.._._---—-—'———-—7 Lost

L031‘ _BUNOH OF KEYS A1‘

a Phone 148- mm’ mm" m“ ffvsza-s-za-si. . ______

Male HelP wﬁllflfijlﬁ,

m! AN T0 WORK 0N’ warm. “Ahpfpiy Wrliaoo J. Andrea, East Royalty. b76564»!!!-

Artuun Owns

lo 3mm THU. R1010 lfﬂ

@1- I-Il.

MARKET GOSSIP

(B! Johnston and WnrdTSpecini Wire) _

SUMMARY

NEW YORK, N. Y., May 29- Gcld bars quoted in London mar- ket at 141s 9d against 141s 7 l-Zd.

Union Carbide and Carbon Corp. declared dividend of 40 cents, a‘ similar dividend was paid on April 1st last.

Senate temporarily laid aside the Wheeler Rayburn Utility Holding

Company Bill while it passed the ', COPEIlmd Pure Food Bill and sent ,

the measure to the House.

A. Schulte and Co reduced re_ tail cigarette prices to $1.15 per carton for popular brands.

Wesson Oil and. Snowdrift de-‘ elared an extra dividend of 37 1-2 cents and regular quarterly divl- dend of 12 1-2 cents on common. similar extras in two pievious quarters.

U. s. Electric power output in week May 25 was up 2 1-2 per cent over like 1934 week compared with an increase of 3 per cent in prev. ious week. -

"Iron Age" says ingot production. despite the absence of forward buying and the approach of the Summer season, has declined only one half point to 42 l-Z per cent of capacity,

American Pete Institute estimat- es gasoline stocks during week ended May 25 at 53,227,000 banels Dec 475.000 from previous week.

C . Pacific R R. April net oper- ating income $1,412,598 vs $1.270,- 485 in April 1934, 4 months net $3.- 514392 vs $4,406,905.

High Low Last Off’

30 Ind .. 117.62 112.99 118.76 2.98 20 Rails 32.50 31.22 31.44 0.56 40 Bonds 95.28 0.15 lfgh Low Last Up 20 Utii 20.25 19.30 19.58 0.24 ‘ Dow Jones. MORNING MARKET LETTER

NEW YORK, N. Y., May 29—The first reaction of the Country to the NRA decision as expressed in the stock market apparently was’ one of relief and pleasure as stocks were bought at higher prices dur- ing the early trading. Subsequently equally heavy selling developed, particularly of stocks in those in- dustries whose price structure had been sustained by codes as the possibilities of price cutting and uncertainty over what readjust- ment might be necessary were realized.

The rails and utilities naturally held well ,the favorable April rail- road 1lep3rts also were a sustaining influence on this group. Some of the loses in other sections of the 11st were quite substantial. It can- not be judged yet, just what effect if any, the NRA decision will have. About all that can be said is that it creates a. situation with tempor- arily adverse possibilities.

Laidlaw and Company.

BANON SAYS

MONTREAL. Que, May 29- Prioes opened higher yesterday in response to a vigorous demand for shares, but early strength soon gave way to an avalanche of sell- ing which persisted throughout the entire session. Traders who acted on my repented suggestions to ac- cept profits during recent wer‘ have had their patience somewhat tried waiting for the inevitable re- action, but are now in the fortun- ate position of having funds ready for reinstatement of holdings sur- rendered on strength. I would not be inclined to buy immediately, yesterday's selloff gives every in- dicntion of continuation and I therefore suggest that profits

wherever they have not yet been‘

accepted in New York stocks be taken here and on any minor ral- lies which may develop.

Nornndri, Int‘l Pctzoieum and Imp Oil are likely to move down in sympathy with American securit- ies, short term traders might oc- ccpt further profits in these issues or reinstate at a moderately lower level when the selling has run its course. v

Utilities and rails dlsrfaped re- mazkuble stubborness to the gen- eral selling pressure which took place in New York yesterday.

Recent sluggis-hnes; of the rails is likely to b: replaced by vigorous leadership when the major advance .is again resumed.

Washington hm requested busi- ness t0 adhere voluntarily to the principles of the various NRA codes. The price drorp, hwoever, re-

in New York tobacco and liquor stores yesterday may be ac- cepted as initial evidence that price maintenance in general will

prove a practical impossibility. Banon.

BARING LETTER Tuesday Evening

NEW YORK, N. Y., May 28- Bept. Wheat finally completed the additional 2 cent setback which .1 predicted lest week and should provs I purchase around today's low. What must be, _will be. I told

117.62 which is a. new high for nearly four years. and after that. they went to 112.99 closing at 113.- 20. This reaction will not go miucli filrther and 1 look for a resump- tlou of the advance early next week. The Industrial BVOIEQC; should go slightly below 112 and then you can buy them with your eyes shut. The three Supreme Court decisions are extremely bull- sh for the 100g pull and are likely ‘o affect the chances of the vicious Wagner Labor Bill. which is about .116 worst piece of legislation ever .> oposed and the Utility Bill will‘

.-..;~:ing 2 izme foolish people were frighten... ;d into selling because some re-, , tailers reduced cigarette prices.‘ g Fhe wholesale price was not re- , iluoed and is likely to be raised}

duy Phillip Morris fcr a new high. ,‘

Fairbanks Morse did not break. 20. buy some at this level. Amn. l

ed a point higher and. the six per cunt hfd half a point higher, both ‘ should be bought on any little dip. Arnn. Woollen pfcl which I said to buy back in Saturday's letter if it ‘ wactccl near 44 sold at 44 1-2, buy ‘ lt back there. Case Threshing should be bought back near 53, Johns Manville 43 to maybe 45, Rubber pfd near 80. U. S. Indus- ‘ trial Alcohol 42. General Elcctrjcl near 2A, Westinghouse. near 45 Westinghouse Airbrakes 21. Am. smelting 42 to 41. Oerro dc Pawn "(lllnd 53. Radio B pfd 45, Sim- mons B. United Aircraft below 12, Bethlehem Steel near 25, DuPont 97 t0 96, Atchison 41, Northern Pacific 17, Seaboard Oi-1 30,

Baring

BANON’S "NOON LETTER"

_ MONTREAL. Que, May mutu- ities continue to act better than oversee. ‘This morning's fractional recovery in industrials, however is rather feeble and ptobablllﬂgq favor resumption of the decline,

Market behaviour of the rails has become impressive. On the @9111! Telly yesterday this division was quite prominent as prices moved up and displayed great n. luctance to yield their gains when pressure was directed against the market in general, .

Political leaders in Washington are said to be running around and new ideas are being involved and from the look of things Congress adjournment may bc long delayed.

None 0f the lam-e public utility holding companies examined l the Federal Tad: Commision has "suitable capital structure" from the investors standpoint, the Com. mission declared yesterday in the second installation of the report detailing the results of its investj. gatlon. “Despite the persistent crisis" declared Louis Genngln Martin yesterday "nothing can justify real alarm in the economic field because certain symptoms of zimeriorlation have been enacted." French capitail. however, continues its exodus and its hard to believe that wealthy Frenchmen are wrong en music.

Con. Pacific Railway reports April net earnings at $l.412,259i as compared with $1,270,465 in April 1934. 4 months net $3,514,492 ag- ainst $4,496,904.

April bank debits in Dominion reported 6.7 percent below April 1934 with decline also in. four month total.

The impressive strength which has developed in rails and utilities is traceable to the idea. that the NRA decision means probably de- feat for proposed legislation hit- ting at railroads and at utilities holding companies.

Rﬂymmld G- Biggie, executive secretary of the Retail Code Auth- OPlt-Y. Predicted last night that a l Drice war would spread through all ;etail trades by this morning. He foresaw small merchants driven to u“? Wall by “'08s reductions and lengthened hours of the big shops.

Banon.

PRODUCE

(Canadian Press)

MONTREAL, May 29—Buite'r prices were thc feature of the Montreal produce market today as they continued yesterday's iase to higher levels,

At the ilvericly auction 618 boxes of no 1 Quebec butter sold at 2i 1-2 cents a pound while 66 boxes of no 2 brought 21 cents. The market generally was quoted from 21 1-2 to 22 cents a pound. Small lots to the retail trade were 22 l-Z cents for solids and 33 1-2 cents for prints.

‘The cheese market held steady at 10 to 10 1-8 cents for no 1 our- ient Ontnrioe.

The egg market held firm, vrith Faded shipments arriving in car- iots or lea generally 19 1-2 cents a. dosen for A large, 17 i-2 cents for A medium, 17 cents for B and 16 i-2 cents for C.

Prices were, unchanged on the potato market, new South Carol- ina no 1 stock being 85-26 to $5.00 in barrels: no 2 south Oorolinos were $3.25 in 92.50 for loo-pound begs; No 1 Bermudas were $1.75 to 03-00 in Bit-pound crates. Old potatoes were 38 to 43 cents for Quebec, 48 cents for New Bruns- wicks’. and 43 cents for Prince E2104 Blends. per Oil-pound

(Canadian Press)

‘lbronto and Montreal-Indiu- trial stocks lower.

‘mronln Mines-tower.

New York-Bloch tower end weak at close.

Winnipeg-Wheat down 2 cents.

New York-cotton nabbe-r end

lilo be toned down considerably. l l w Phillip Morris sold off 3 pointsf; l-WS points lower because, ' ‘

Fbfelsn Power. 7 per cent, pfd clos- i i.

IV. Y. Stock Exchange

Mocks Onened Lul tquotailoru Inrnishe by Johnston and Ward members of the Mont real Stock Exchange, Montren Curb Market. 156 Richmond Street Charlottetown).

Air Reil ... ... \llleil Chem ... . . ill]! (Jiiulln ... i 1th! . l»: Ciiii . . (‘iii- Found . For Pow .. i

1.000 . Pow Light . r 1' 1i ..

130% 1-15

124% .41

("Ii s illiiu \"i.l- .\'lii-.li

d s y 3i ,1 3ft", 1.141 15H 8V4 Bl.) 5% 3'1 , liiiii 17% 17k ilri iiii lhlgi- 154, 1ft. (in-lit Wvst Sugar 31113,’, 30L’, lloiistnn Oil .. i 111% Jill; llull .\iiit 7% 8 41% . 27% . . T/g . 47 Knu City South . liclriiiiiior .. 14 Ken Cumwr 18% Lambert Co . 205,’; 1.1g Myii-i it _ Liquid i irl» . . . . . . . .. Iioews liit-nrp . Loose Wiles Bis Co bichccsittirt Tin ..

.\€-I\ ﬂu _ cruisers-w

New \l'l‘ll (‘vii . 01,: North .‘\lii(‘ . . . . .. Hill -- , 17-1,’; 17 IW/g 33,’, 21 21% 111% 331g ‘.30 20 30% 301/. a“) Kiln " 1% 12 4" l 3-\""7’i 9% l

c1333: ﬁeg

4'4; . 21% . . 04% Tiin Roll lilllii‘ .. 151% llnioii (‘iirbitll- Furl» . 07% Iliiimi l‘ ll . U7 lliiitcil \lr 13% llllitﬂll I 0,. 2% lliiliml llrug . Uniivil (his liiip

Vnn Slut-l Wiiriivr fir-ta m) . Wurrcii lifllri Wont l’ ‘mi “Milt. l-l

I - r- . .. iiWiolii-nrili (‘ii Wnrtli Pump

Yvllo\v'1‘rui~k ..

_._.____.i__.

LIVESTOCK

(Canadian Press)

MONTREAL, May zit-Offerings on the two Montreal livmtock mar- kets today totalled 313 head. Re- ceipts were composed of 19 cattle. 149 calves, 127 hogs and. 18 sheep and lambs.

The cattle offered were mostly common to just fair butcher cows. Prices were unchanged.

Calves were stronger. Late yes- terday, one calf was sold at $7.50 with a few weighing between 160 and 180 lbs at $7, and about a dozen at $0.50. In today's trading one lot of 84 medium good to good quality calves, averaging around 145 lbs., brought $5 50. Plain to just medium were from $4 to $4.75.

Lambs were easier, seliing from $8 to $10 per hundredweight, ac- cording to weight and quality.

There were no early sales of hogs.

as”.

Miscellaneous

MONTREAL, May 29— l Wheat, nor no 2 89. . Barley, C W no 3 47. Oats, C W no 2 47. Oats C W no 3 44. Oats, feed no 1 48. l _ wheat patents. ,

Flour winter wheat patents,

choice 98.90 t0 14.00. Flour white corn es 50 to $5.00. Bran ton 20.8 to 37.25.

Eggs O 1B 1-2.

Potatoes south Oar no i bbls $5.3 to 06.50.

will Oar no 2100's $226 to

N. . New Bermudas no 1 80's $1.75 to $3.00. Que 90's S8 to 4A N B 80's 45.

cellos lower: engu- unchanged.

p a r sonaYw"

Mr.

an‘

PAGE FIVE] l).- ._~.._:1

You

500 SUITS

for

w i if‘! . . .. it? . g ‘ |'ili‘_l|~’il'i' u»: . . . . .. .. 4i‘ 44H i*.i.iii.il..i ihiiru . .. s: slug i‘ i , ‘ I .' ' ‘ 101 . ' ' . _ .

use w $252

Two Trouser Suits

A SENSATIONAL 30 DAY SALE

OF MEN’S CLOTHING 0N OUR

"Wear Ib-While You Pay Plan”

DEMAND G000 CLOTHES A AT A MODERATE PRICE!

Take Your Choice Here From Over

asy Payments

s Dawn Enemies In

No Interest

Prowse Bros quality throughout, made t0 our, own definite specifica- tions. Faultlessly tailored from fine, imported Eng- lish tweeds and worsteds as well as Fox flaniiels.

Come in and 100k them over. Here are the new- est and smartest fabrics and styles 0f the season. Single and double breast- ed models for street and business wear, easy fit- ting suits that combine good l00ks with 0170f)’ other necessary quality.

Get fitted at your leisure here. You w0n’t be rush- ed. Everyman on our staff is eager only t0 see that you are properly fitted and thoroughly satis- fied with your purchase. We are not satisfied\\

until you are.

A Full Range 0f TopcoaisuSport Flannels--Wind

Breakers-Swcaters-Shiris--Hais-- . Caps and Furnishings

Await: Your Choice Here Also

Prowse press»,

v sfq-e-umyw-w; aural

,. i

0:145"? _ ".-

- _._-¢ r1.-

-é-.. liq s»: “ <

new,