_. {familiarly ~29. Lelia

_L

T°¢K Q1101!» T

j 1

Morning Stock Letter

W’ \ vod over Pitfield and Co's "ml Private Wire) '

YORK. Rb. 28-The lat- irom Japan according to Dow “n; comes by the wily 0! Bins- , . It stated that the rebels |ublllltt6d to the regular army at

m. last night. After the con- “"1109 it tiio White House’ last

t concern‘ taxemnewspapers mu morning carrying s story that m, mount to be asked for is to b, gnywheffl from 85000005100 and $00,000,000. No specific ideas as to how these taxes are to be raised Wm published this morning and g 15 believed the quesiion of how

g is to be done will be left to Con-

, 1t is further believed that

h, message will be submitted to mngress next week. Dividend meetings scheduled for today are 50h“ Aluminum. Borg-Warner. ‘phd Coca Cola. w dwn it; 5 1-4 per cent bonds on Jp-ll 1. The only news reported mus far this morning which might, have ady influence on the mgrket is the tax question but this L, hardly news as the program has been expected for the last few weeks. We would expect an irreg- “my mm opening with probably "me profit taking the first-hour but li volume dries up on this profit taking we would chance buying market leaders for’ a. re- newal of the rally this afternoon.

REW YORK, Feb. 2841119 stock market still shows a lot resistance. i; did not stop yesterday tn out- line any line oi resistance but opened higher and for the most

N. Y. Stock Exchange

(gupplled by Pltllelcl and Company lumber: of Montreal alock exchange n“ Curb Market)

at

fltpolu Open Lust u chem 4 rm 11:11.4 Am C8D lliWa 110V; Am F00 l‘! 8% . S m its Am n .' '- i '~‘. Am Tel Tel 172 172% Aul \l'ater 23%; 22W; Anaconda Il-ltfl. 34% Alt-bison 70% 7551; All lie! iilk 31% Alilillfli 47*)’; 47%, liuld lioco ll (l ligli Ohio 231,1 3 Bcllllli Av 251,3, 2:- Bciil St Ml)‘ 57K line Air Co 2i 24 llriggs Mun 00 till (‘nu i‘sc Ry l6 11V. Cilao 1 i iii-j (Tin-s Oillt.‘ out; Fliryslor 114% Quill Sui 23M (‘on Cnu 701415 (‘on Gus C0 38%. Corn Pro 701/. (‘ur Wright 0% iwcri‘ 721,’, llupoiit 141W, Hh-v Auto Lila 20g Eric ll B 15'») sin-stuns 311,4, lien Elcc 30 (lvii Foods 34% (ll-ii lllot. 587g (lumlrich is“; llomi_\'cuo Tlro 2N Hlill .\lot Cnr ling llupp lllot (‘nr ii ll (Ia-ii Ell lnt Tcl and Tel 172% Julius .\iuu l'_’tl Kt-uiict-ott 3TH, Misti l'ac Ry 1W, limit Word 2811/, lliirrny Corp 10A- Nflli Bil iifillfl; .\'at (‘nah Bog 2143 New York N ll (M. Nor Am Cu 211g North Pnc 3H4, Park illot 111/, Paramount 10% ‘ nn it 37%| mi Pet Co 4m Pull Ser Co 42, Purl‘ Oil Co 2i Ilmllo Corp l2 liiltl Keith Orph 8% Slum lino Co 031/8 Sin-ll Union Oil 1R South Pnc Zlrill, sill on Ind 11m. Sill (ill N J 1x014, Slum-linker Co I , lily, T"; (‘M-o tutu rim l:l\li4‘ll All Jil 2i! l,_|i Mil Corp 7% 7 itiltvd Gus liup 11 111.4 i‘. a liulilnor 101/; 10M Ii s. Steel co will unlit, Yuulitlluin 2.7 2.‘, ‘l-llfillll’ Bros ill 12% lit-st Union 01% 00% ill-at Air lirnke 45% 451,4 “yaw Eiec m 11w, ll oolworlh 53 o‘:

New York éurb

NEW YORK Plillll .. u...

("uni-uni n; run-m and company

ilemlii-rn of ltluntrrnl stock exchange

and (lurh Marisol) tocka

Dairies will re- _

Dart remained strong all day. Th"? mfly be some secondary sell- ing in the next day or so, but it certainly looks now as though the lows oi Tuesday and Wednesday would be the lows for the reaction and that the up trend has been resumed. Weather conditions are improving and the next few weeks should show an improvement in trade activity particularly in the motor car industry. The earnings statement of Mack Trucks came out yesterday showing a loss for the year. but a net profit for the lest. quarter. Business so far this year, we understand, shows con- siderable improvement and. the stock of Mack Trucks should ha picked on (ill) setbacks in it now. The oil group ior-k: like a fresh move was developing in it.

MONTREAL, Canaian Celancse, aw". ' l‘€{..'l' reveals net profits of $1,702,960 as compared with 8' 504, in 1984. Alter deduction of inc regular pfd ti ~ifltlldfi t'\-:e re- mained a 0101863 oi £072,900 911081 l0 33-83 ml‘ common share as against $3.49 in the previous year. ‘

TORONTO, Lebel Oro acts well uinrketwise and still-look on the stock as having decided attraction as a speculation for a. reasonable hold. Its Long Lake property ap- pears very interesting and under- stand negotiations underway to resume development on the com- pany's property adjoining. Bld- goo -

Mt 6'1. Stock Exchange

(Supplied by Pltlield and Company Members ol Moufrcul atuck excliiinge uml Curb Market)

Stocks Open Last Aiillibi lliithurst

Bell Tcl Briiziilau

lirew Corp Con ll l.‘ Pow

17ml Nor Pr Can (‘or Fbilllll

1'1 '.-.

(Ionic Suit-it lllst Hung: lloln lirllgo _ Dom Stool '

Dom ‘Pox Elm: llun

[mp ‘iuli

lut Nickel .\lliIIt\0_\' lliii-rls lvlclloii Front blunt Pow Nlll linen" NM Si. (fur I'm (‘iirp Iilnzw Iilllilll Sou (‘nu l'ii\v Si. u! lfuli

HAN K8

oi‘ (‘nil of (‘Uilllll of “all lik of N. S, lluyul lilt

MHYURB

(rlupplleil by Pitlielil and Comunny Member: of Mnntreisl atock cxchanl"

and Curb lllrirkei) '

180

Stocks Open Last D A Oil E-"Ks Doui Store!

Ford A '37 - lillp Oil 31W: lut Polo 37"‘! Molt-hora 11 \\‘nlkcr Good

o CUTTCTICIGS (Canadian Press) NEW YORK, Feb. 28—Sterling

and the French franc edged slight- 1y_ hlghggwin the foreign exchange markets todiiyTTheCanadian dol- lar held unchanged at a premium oi 1-16 of one per cent. The pound was up 1-8 at $4.99 1-8 while the French franc, aloslng at. 8.88 5-8 cents showed a gain of .00 8-8 oi a cent.

(Canadian Press) MONTREAL. Feb. 28—Leading currencies were steady on__ Mont- real foreign exchanges today. Pound sterling at 4.98 29-32 and

0”‘ l‘ tho United States dollar at so 1s- gu Elcc v :0 4g 18 Nlllbilidd‘ unchanged while the m,” B035”; n? i, Ffllfifh franc advanced a small rung llud ‘W, o irncilon to 6.88 11-13.

‘Prices Move‘- Lower On Mt’l. Market

(c. w. By Guardian's s on" l MONTREAL. web. sofa-turf Sf.)- loading shares on an already heavy market, sent prices down as much "8 W0 mints during today's late dealings cn Montreal Stock Ex. change. Weakness predominated in um. “l? impel‘. rail and metal groups while constructions and textiles moved irregularly.

Nickel. buffeted around by alter- nate buylns and seluns finished with a loss oi more than a point at 50 7-8 while Bmelters, at one time up three, was a point lower. Noranda was down i-4. '

Selling in the utility division broke in late dealings and Brazih inn. Shawinigan, Montreal Power, Quebec. Canadian Northern. South- em Canada and Power Corporation 6105M 0B slightly after displaying early firmness. Canadian Hydro» lifiectrlc preferred lost more than two points.

Brokers were unable to explain selling oi Canadian Celanese in the face of the company's announce- ment of an improved financial re- port for 1935. The stock dipped a oolnt to 29 whil- Dominion Tex- ‘tiles firmed 3 1-2. Bruck Silk swung 1 i-4 points higher on strong de- mend.

Total sales were 25.443 shares, bonds $8,200.

EXCHANGE

(Canadian Press) MONTREAL, Feb. Qti-British and foreign exchange in relation to the Canadian dollar as compil- ed by the Royal Bank of Canada closed today as follows:

Argentine peso .2763.

Australia pound 3.983

Belgium b2 qii .1705.

China Hon, Kong dollars .3303. Denmark k.or.-e .2227.

France franc .066833.

Germany reichsmark .4065. Great Britain pound 4.9893. Holland florin .8971. . Hungary pengo .2988

India rupee .3733.

Japan, yen .2898.

New Zealand pound 4-0236. Norway krone .2506.

South Africa pound 4.9643. Sweden krone .2572. _ United States dollar 1-16 per

cents discount. '

.-

Closing exchange rates: franc 8.68 11-32; U. S- dollar 99 i5- 16 '

At New York-Pound 4.99 1-8; franc 8.68 5-8; Canadian dollar 1.- 00 l-16.

At ParLs-Jlound 74.67 fr; U. S. dollar 14.96 i-2; Canadian dollar 14.97.

In gold-Pound 12s; U. Sv dollar 58.73 cents; Canadian dollar 58.75

cents. NEW YORK, Feb. ‘ls-Foreign exchange steady Great Britain

, high 4.99 3-8; low 4.99; close L99 1-0; 60 day bills 4.98 1-8; France 6.68 5-8; Italy 8.03; Belgium 17.08; ermsny 40.87; Canada 1.00 1-16.

Miscellaneous

(Canadian Press) MONTREAL, Feb Elk-Prices ag- ain moved lower in quiet trading on Canadian Commodity Ex- change produce section today. Butter Spot: Sales 200 boxes of Quc gras, 22. ~ Checsc Spot-Ont white 10 3-4 to 11 1-2, col il. 1-2 to l2.

Eggs Spot-Ont. A large 29 1-2 to 30, Aincdium 27 l-2 to 28; A pul- lets 26 1-2 to 27.

PRODUCE

l (Canadian Preasl

MONTREAL, Feb. 28-Butter prices were again weaker today on Montreal open produce markets. Eggs were steadler while cheese re- mained unchanged and potatoes easier. _ Y Butter was quoted at 22 to 22 3-4 per pound for carlots or less of no l while lots to the retailers sold

at 24 for solids and 24 l-2 for prints. Graded egg shipments in carlots

or lea were mainly 29 to 30 cents s doun ior A lame. 27 i-2 to 28 for A medium and 28 1-2 to 27 for A pullets.

Cheese continued unchanged at 12 cenul per pound iorno i Ont.

Ierritorial

BUSINESS llPPllllTlllllTY

Wanted

C

Distributor

$3600 to $6000 early to a lllll h!!! lllliliwll a

colored, main line arriving. Potatlzs Prince Edward Island mountains 90's $1.26 to $1.30, 80' 81.10 to $1.15; cobblers $1.20 ttlfil. as; New Brunswloks, Mountains 80's 81.05 to $1.10; 50's 75; 10's l8 1-2, Quebecs, mountains 80's $1 to

At New York-Pound 4.98 29-32; '

MINING

(Canadian Pull) TORONTO, Feb. 28-

uslnviill‘? incii taint

Stocks Cl!" Acme Oil 10% Afton ll1 ii" i goiua Anglo H 400 Arntfleid Ashley 1R Astoria 6 Bagsmuc 9% Barry H 4% Bale Mei 24 Beatt r- J65 Big in ‘ 04 Bebjo 12% Brslorn- 015 B R X 9 Buff Ank 525 Buff Can 4% liuuk Hill 18 Can and Edm 120 Cal 0i) 11 Cun Mal _ 1M Carlbno 130 Castle T 152 Cen I'll 807 Chiboug 03 Clericy 4% Common W ‘P 9 Conlagas 325 Colflarum 2M Dome 471/; Doin Ex 0% Eldorndo g 112 b‘ Bridge 939 Fed Kirk alt Franklin ‘H6 ‘toils Lake .128 Goldnle 25 Uoodfish 24% Giuliani 554; Granada 2i: firandoro 7% Greene 83% Gunnur 85 llard llock 76 urker 8% Hplllngcr 15$ Homestead 28 owcy (i7 J ill Cons 47 Kirk Il ti 50 Kirk l. o 48 Lake Sh 5i Lnlnuque 10 Lebcl Oro 23% I-eo Gold 3h Little L L 10a Mum-uses 450 Man East 101/, Maple L 121,5 ‘tlclutyre 43% MCKNlZll! 150 iifcliinley 65 McMillan B McVlttlo any. McWnltul-s HS ‘ Min (torn 140 Morris K 70% Murphy 1% Nctviiec 3 Nlplasiug 280 Nornntin 49% Nor lfnn S1 O'Brien 42 Olga 0n 4%’ Piiyuiuaier 75 Perron 141 Pet (Inh 4 Puiuour 390 Pick (fro 4&7 Piniiuur 10M Prouilo-r 215 Pros Air ‘200 Oniogu i’! Rout! Ailth 190 Rod Luke lt0 lhiiio Gui-l 113 lloulii- B Roynlitc _ ti’! Qucbcu .\l 105 Sun Ant 208 Sheep l.‘r 02 Sheri-iii 118 Simon 324 Sou Am 025 Sou Til» Mil Pet Oil lll Stalin iii Si Aiitli {ll Sud linslu 460 Sud (‘out Stillivun sSlVllllllP’ Tnslit-lu 'l’l.u'k ll T's-sun (‘nu '.l‘oburii '1'0\\‘|1L‘,'lllii() 'l‘rt-utl\\'vil 35 Vonturri-i 2:04 \Vui|o Mnu ‘llll “hip-side. 16 \Vliito ling 4 “Silas-y C 8 Yuiir Y l‘: 45 Tolui IiIlOI 1.453.000. UNLISTED Altlcriuul- ll lirctl ’l"' 3% Con “nu '24 Church ll (We Co Cop B00 (roll-iii MA lllll Oil ll.’- Euat Cr l0 Hnliio llll l'.'l Hull Bus’ 27 Kirk 'i‘uwn 17 Iinkc hlnr 7% Mulrolilc 4% lligmly 1B N llnuk 3% Noltlon 17 Oil Rel 5% Oslalm 12 Pork H 28% Pawnee l\ ‘ 4% ‘ Pond Ore 111 . Porc Cro 11% Preston (i Ritchie 4% Kori» .\lnnt 71/; Sui lilliisl nu Tninlslru 3 \Vo0(l Kirk 7 Markets At A Glance

(Canadian Press) Toronto and Montreab-Indus- trial stocks lower.

Toronto Mines-Irregularly low- er.

New York-Stocks closed lower. Winnipeg-Wheat down 8-8 to 1-8 cents.

New York-Cotton and rubber higher; coffee and sugar unchang-

8105; N0 2 80's D0 t0 98.

.and Quebec Power.

Summarized

llllllTilllllNS

Corrected For Every Wednesday & Sat- urdays Issue.

PRODUCE MARKET

IIIIDERWOOII ELLIOTT Fltllliliitilllliil

take pleasure in announcing the appointment-o! 1»- -

Peter s. Rlobichaud- A

as agent for us for Prince Edward Island. _

Mr. Robichaud has had 20 years experience on sales and servicing

of all makes of typewriters, and is qualified to undertake any repairs that are required. l-le is established at

42 QUEEN STREET, CHARLOTTETOWN

Phone 1116-1 (Opposite DeBiois Brothers)

‘M.

Reduced Rail P rices Have Adverse Effect

(BY FIB-ilk MacMillell, Associated Press Financial Writer) (A. P. By Guardian's S-pecloi Wire) NEW YORK, Feb. 28—-Dlsu.p. pointment in Wall Street over re- duced railroad fares and an “flex. Dected low dividend by one corpora- tion upset the entire stock market today and dragged back a late rally in lndustrials. All through the day, prices gained slowly in virtually the entire 11st with traders taking in their stride both good and bad news. Finally, however. the adverse intelligence over-balanced board room optim- ism. and selling predominated. Montgomery Ward declared a. div- idend of 20 cents a. common share. The first since August of 1930 when 75 cents was paid. MOst brokers expected the stock would be put on a $1 annual basis. Volume of trading was 2,473,160 shares, slightly higher than in the previous session, and the Associated Press average of 60 stocks declined .2 oi s. point to 61.0. Lossess in rails amounted to fractions to a. point or more in such issues as Santa Fe, Baltimore and Ohio, New York Central. Nor- thern Pacific, Pennsylvania, South- ern Pacific. Southern Rallway and Union Pacific. Pullman advanced a fraction under the theory that the reduced cost of riding in a pullmari cur should encourage more first class travel. On the other hand. numerous in- dustrials and miscellaneous secur- ities were higher. American Tele- phone gained nearly 2 points, and others up as much or more includ- ed Allied Chemical and American Can. Losses were in the majority in the Canadian list. International Nic- kel declined 1 3-8 to 50 7-8 and Shuwinigan 1 1-8 to 22. Fractional recessions occurred in such issues as Canadian Pacific, Distillers- Seagrams, Dome Mines, McIntyre- Porcuplne, Hoilinger, Lake shore, Wright-Hargreaves. Dominion Stores

Hay no 2 per ton carlots $9.00. Cheese Ont no 1 col i2.

Butter no i 22 to 22 3-4. ‘

Eggs 1n cartons A large 29 to 30. Eggs A medium 27 1-2 to 28. Eggs A pullets‘ 26 l-2 to 27. Potatoes 90's P E I mls $1.25 0O $1.30.

90's P E I cobblers $1.20 to $1.25. 80's P E I mts $1.10 t0 $1.15. 80's P E I cobblers $1.05 to $1.10. 71's N B mts $1.05 t0 $1.10.

80's Que mts $1.00 to $1.05.

80's Que no 2 90 to 95.

l0‘s N B HllS 1s 1-2.

50's N B cobblers 75-

ectricni charges. He traces the bginnings of life back to the ac- tion of lightning and the electri- city of the earth on nitrogen, caus- ing it to combine with other el- ements to form nitrates.

"The nitrates in the so" represent the pre-pla-nt phase oi living things,” he continues. "Solar rad- iance added to the nitrates gener- ates plants. Plants generate anim-

Grafton St. 14-3214

FOR. SALE -- AUCTION FORTY- Five, Bridge and Whist Score Cards. Guardian Central Job Pl-mtery.

FOR SALE-JPWO REGISTERED Clydesdale Stallions. John Tweedy, Ernscliffe. L-3255-2-29-3i.

FOR SALE -—- LEGHORN COCK- erels. Blood-tested $2.00. Lieith Pickard, West Royalty.

L-3254-2-29-3i.

FOR. SALE ON MARKET SQUARE 12 o'clock, Tuesday, [March 3rd. Barred Rock Pullets. Spurgeon Jenkins. L-3l92-2-29-li.

LOST

LOST — FEMALE FOX, EAR. markings Y 34. Reward. Wat-

ols. Thus solar radiation gener- ates man."

Oxidation-the slow burning-oi carbon compounds stored in plants is described as causing the release in animals of solar radiance in the form of radiant and electric en- ergy.

’ This energy forms and continues to givc power to the living organism which he compares to an electric battery. As long as the energy flows into and out of it. the organ- ism lives. The battery "runs down” or the organism is dead whenever the supply ofenergy is cut off or the parts of the battery are dam- aged to such an extent that they cannot continue the functions to which they are adapted.

FRAYED TEMPERS WHEN “iATEll. OFF

MOOSE JAW. Sask, Feb. 27.-— (CP)- flébosc Jaws recent water shortage, caused by severe tem- peratures freezing mains, proved to have far-reaching effects not contemplated by officials who put n. ‘ n on excess use-of the liquid hv shutting off the city water sup-

y.

Mank business firms reported employees came to work unshaven, unwashed. and without teeth cleaned. and in addition all ap- peared in bad humor.

Their cauztlc remarks indicated they felt the city officials fnlied to

son Livingston, Clyde River. L-3266-2-29-3-3-5-

u_ Agents Wanted

AGENTS T0 SECURE ORDERS for authentic “Life oi King George", the most human bio- graphy ever written on Britain's best-loved monarch. containing s full account of his life and the development of the Empire during his reign. Large book, nearly 400 pages profusely illustrated, only $2.00. Every home in Canada will want e. permanent record of this great; monarclfs life. Big oppor- tunity. Liberal commission, five to ten dollars per day easily made. Credit given. do not delay. Send at once for free-cloth-bound sample book. Toronto A, Box 32.

N-343-2-29-3-2-3.

Hay loose, cwt 45¢ 3 d. r ___-_ sélifiiiitss 8'53 . - . - - ~—-‘ Nd4Z-2-29-1i RETAIL MARKET ' ' fifi-ii f Celery bunch 20c . i: _ I one 4.» ' 33.3.06,“ 5,; Produce PrtCeS g Advertising Bates-Payable in Advance Celery hearts . 5 . young‘ pk s»- u Central Guardian locals, do per word; Western and Eultorn locals. 1o 299:“ an: n. (Canadian PM“) g jzl-frpetil-llaljrslllllzlllglildlllzll::nrh§ fiomlnéghliventa’ 2i}. pclrdtyuril‘; rlCIaslalfle: _- ‘ i Cm r o cal, er no ; a o ‘ n Tggnilxlaps for 28" F Spiritual Ofvlerlnga, Cnrdafletcu, do per nurse; Letter: of ‘Uondoleulize .700 glglrlllilifih hlb ‘ 10c Barleayéua ‘:30 47' ivzfdncgihaotiaee: ojrfgiizivnllrzuazifi Aoorecintion, 70o pcr Inch 0r 4n per fl B Q i ~ . a ' a ‘ gabfuége he?“ 1543i Oats, teed no 1 3m Minimum Charge for any advertisement twenty-five cents, °’ ‘ 12-1“ Flour snrins wheat patents

g b g _ v ' ' .

B335: in” 11%‘ '55“ d5 $520 ' _ ee qr (t. our secon . . . . itfivvkéulesta s‘ 0012.13. F10“, bakers $5M . For Sale Miscellaneous ; ‘ . - 1.30 h t w y fifllytlon iii-st: chgiigéilrstogllilif W S“ P“ “ 5' son sass: -- FEMALE CANARIES AGENTS you new MEDALLION Bum, 5-5;; Flour white com $45,) at a very reasonable wst- Enquire portraits. unbreakable, beautiful Cream 40c Bran ton $10 25 at Guardian. L-3226-2-28-3l. Real money maker. United Art E88! d" 28c Sh t t §0 i5 Company, Toronto. . ms" ors on t - - N-315-2-26-18l

god dry lb g.- Middlings ton $25.25. FOR SALE-NEW RANGES, JUST ___' Hflfi“ ““°“"“ ""11 W" Rolled eels bee 9° lbs $1911 arrived. Fred H. Trninor, ac PRICE REDUCTION m racrom

ock lb 10¢;

surplus stock40 cow stanchions $1.90. 79 cow stalls $6.00. 60 water bowls $2.00. 1 maolure carrier, »1 grain grinder, 6 exten- sion ladders. 3 pump Jacks. b brooder stoves, one incubator, 4 pressure tanks, 4 shallow well water systems, 2 deep well sys- tems, one wind mill pipe, all sizes. Preston" Toombs, Beatty Bros. Rep, Kensington. - . ,

PRIVATE HOME KINDERGAR. tens pay. We start you. The Can- adian Kindergarten institute, Toronto (10.) Per-Sas-ti.

ESCAPED FROM RANCH, FEMALE silver fox. Reward. Frank Robles, Victoria, R R. L-3230-2-28-4l.

THE BEAUHFUL THING ABOUT savingthrough Life Insurance is that if you die your family is pro- tected by the amount you expect- ed to save had you lived. Consult J. A. More, Currie Bldg. 27-ti.