1

. ' ' ' irua- CHARLQTPETOWN~ cusanrm

’ N. Y. Stock

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A ' ' Morning (Stock Letter

(300170! over Pitfleld and Co’; Private Wire)

TORONTO, Ont. 1M). 27—'1'ho work done under the Hlpkms opt- ion on Gold use Mines limited lmiImi-lll; to some, twenty-two diamond drill holes. and ~surfaoe work ha‘. given results Jilstifylng underground work in he opinion p! ti» ciglneers connereu with the property. W. C. Pitfield of Montreal and Anglo-H ' of Toronto have purchased for a con- sideration the Hopkins options and have firmly underwritten $40000,- 000 to provide funds necessary to follow the underground develop- ment programme recommended by thesnginecls in charge of the ex- ploration. The necessary equip- ment is already on the. property and power .is available to start work st once. The necessary sup- plies are being taken in this month and the necessary crew is being hired. W. H. Emens is supervising the operations. It is expected that two levels will be opened ,up by midsummer and-if results of these leveisare in line with surface de- velopments 8nd values obtained in diamond drilling m. ‘ have been made with the Mont- real and Toronto ‘interests to pro- vide sufficient money to bring the property into production.

NEW Y Rx, Feb. 27-'1'here is a great difference in the action of stocks at the present time. Some are evidentLy quite tired. A few others are still able to move ahead while a larger umber show a lot stability. The utility group for in- stance. which was the week link in the marketisnowtakingalotof selling without losing ground. Con-’ sidering the Japanese nevus and the mixed trade report; u we]! g

the extent of the rise many stocks have held without any particular setback, such action at the present time 4s not to be wonderedat. Sell- ing according to floor_ brokers is rather mixed and there does not seem much inclination on the part of large‘ holders of stocks to sell their holdings. Rather the present situation has probably frightened some of the buyers, and it is more absence of buying. power than sell- ing pressure that has brought the moderate setback of the last few days. The market must be left to prove itself by. working out a line of resistance from which fresh ad- vances may be made. 1t seems that the line of resistance will nct'be far under the current level of prices. .

uoaumo u sroclr mar-ran

NEW YORK, Feb. 27—Foreign exchanges this morning are about the same. A news item on the Dow Jone‘: slates that the Jap army chiefs effected a compromise with the extremist army rebels today. Only time will tell whether the Jsp “ “ canbe ‘-‘ or whether it will result in further trouble in North China. and along the Russian border.

Dividend " scheduled for today are Commercial Credit, Gil- lette Safety Razor, U. S-Ilndustrial Alcohol and Yale and Towns.

Very little further can be said ab-

out the market.__at this time but we believe that the chances for a higher closing today or tomorrow are greater than lower prices. From a trading standpoint would prefer to buy stocks rather than sell. J. 1. Case declared 81.75 on Pfd against dollar previous.

Markets At A Glance

(Canadian Prom) Toronto and Montreal-Indus- trial stocks higher. . Toronto Minsk-Higher. New York-Stocks clcsed higher. Winnipeg-Wheat down 5-8 to 7-8 cents. ' New York-Cotton steady; rub- ber, sugar and coffee higher.

PRQQUCE

(Canadian Press)

MONTREAL, Feb. 27-,-Egg and butter prices were unsettled on ggntreilhopen péoduce markets

ay. _,, cese an potatoes re- mained unchanged. '

Graded egg shipments in carlots or less were 29 centg a doun for A large, 27 1-2 for A medium and I 1-2 for A pullers.

Butter was quoted at 22 1-2 to 28 1-4 cents per pound for car- iots or less of no 1 while lots to retailers were 24 for solids and 25 for prints.

Cheve was

unchanged at 12

cents per pound for no 1 Ontario colored. main line arriving.

Potatoes: Prince Edward Island mountains 90's $1.30 to $1.35; 80's $1.15 to $1.30; 50's 75; 10's 1_6 1-2; cobbler-s 90's 81.25 to 81.30; 80's $1.10 to $1.15. New Brunswick mountains: 80's $1.05 to $1.10; 50's 75; 10's 10 1-2. Quebecs, moun- talns 80's $1.00 to $1.05; No 2 80's 90 to t1.

C1324 1N

(Canadian Trees)

WINNXPEG, Feb. 27—Wheat failed to show the firm tone an- ticipated in early trading flurries today and tapered off in profit- talzing to close at slightly lower levels. Values finished 5-8 to 7-8 cents lower.

‘rile May future finished at 85 1-8, July at 88 and October at 85 1-4 cents-

A fair sprinkling of gains were encoun cred at the - opening but these were quickly erased when liberal offerings entered the pit.

Cash wheat and coarse grains were quiet wtth only a scattered odd lot sold. Prices showed a: easier trend. ~

word. Other rah: on application

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Excig-lzvcz

(Canadhn Prom)

MONTREAL. m». " 27—Brltish and foreign exchange in relation to the Canadian dollar as compil- ed by ths Royal Bank of Canada closed today as follows:

Argentina peso .2789. 4

Australia pound 8.9848

Austria schilliug .1908

Belgium belga .1704.

China Hong Kong dollars 3802.

Denmark krone .7229.

France franc 088788.

Germany relchsmark .4088.

Great Britain pound 4.9893.

Holland’ florln .6869.

Hungary pengo .2989.

India rupee 8775.

Italy lire .0005.

Japan yen .2894.

New Zealand pound 4.0249.

Norway krone .2509.

Poland zloti .1912.

South Africa pound 4.9859

Spain peseta .1304. .

Switzerland franc 8805.

United States dollar 1-18 cerlt. discount. ‘

D01‘

(Canadian Prom)

Closing exdlange. rates:

At Montreal—Pound 4.98 15-18; ULS- dollar 99 15-18; franc 8.87 13-16» .

At New York-Pound 499; _Can- adian dollar 1.00 1-16;_ franc 0.88 1-4.

At Paris-Pound 74.78 fr: U. S. dollar 1497 1-2 fr; Canadian dol- lar 14.99 fr.

In gold-Pound 12s; U. S. dollaf 585g cents; Canadian dollar 58.79 cen .

(Canadian Prom)

Nrrw YORK, no. m-rurelgn exchange steady. Great Britain demand high 4.99 1-2; low 4.98 7-8: close 4.99; 80 day bills 4.98 1-4; France_6.88 1-4; Italy 8.03; Bel- gium 17.04; Germany 40.88; Can- ada 1.00 1-18.

Currencies

NEW YORK, Feb. 27-leadlng currencies moved irregularly in narrow channels in the foreign exchange markets today.-

'I'he_ Canadian dollar's premium was reduced from 8-82 to 1-18 of one per cent. The pound sterling was half a cent at 54.99 while the French franc, closing at 8.88 1-4 cents, showed a gain of .00 3-4 of a cent.

LOANS TO BROKER-S

WASHINGTON, Feb. 27-hour: on securities to brokers and deal- ers, held by weekly reporting member banks in New York City, were reported today by the Fed- ersl Reserve Board to have total- led $980,000,000 for the week end- ing yesterday, a decrease of $l4,-' 000,000»for the week, Loans for. the corresponding week a year ago totalled $638,000,000.

MONTREAL, Feb. 27-Narrow price change; were shown by lead- ing currencies on Montreal foreign excisanges today. Pound sterling lost 11-32 cent at 84.98 15-16» while the United States dollar advanced 1-32 of one per cent at 1-18 dis- count. The franc gained slightly at 8.87 13-16 cents.

“.4 _.._

Miscellaneous

(Canadian Press) MONTREAL, Feb. 27— Wheat, nor no 2 98. Barley C W no 3 47 1-2. Oats, feed no 1 37 1-2.

Flour spring wheat patents, firsts $5.80.

Flour seconds 85-20.

Flour bakers $5.10.

Flour winter wheat patents, choice $4.00.

Flour white corn 84.80.

Bran ton $19.25.

Shorts’ ton $20.25. ' Mlddlirlgs ton $21.25.

Rolled oats hag 90 lbs $2.90. Hay no 2 per ton carlots $9.00. Cheese no 1 Ont col 12.

‘ Butter no 1 22 1-2 to 23 1-2. Eggs in cartons A large 83. Eggs A 1 medium 32.

Eggs A puileLs 81. Potatoes P E I mts 90's $1.30 to

sass. , - P n 1 mts so‘. $1.15 to $1.20. P n 1 lute 50's '15 P s: 1 mts 10's 1s 1-2. P E 1 cobblers 90's $135-$180. P s: 1 cobble 80's $1.10 m $1.15. u. a mts sou nos to $1.10. n. a. mts 50's 1s.

Que mts 80's $1.00 to $1.05. Que no 2 80's 90 to $1.00. (Canadian Prose)

MON V, Feb. 27—Prices de- clined sligh iy on Canadian Com- modity lblchange produce section today in moderate trading.

Butter Spot: Soles, 100 boxes Que grass, 22 8-4.

Cheese Spot-Ont white 10 f-4 to 11 1-2, col 11 1-2 to 12.

Eggs Spot-Ont A large 39 1-2 to 80, A-mediurn 27 1-2 to 18. ‘i pul- lets 28 1-2 to 27.

Driver.

mrmvc‘

(Canadhn Prom) ‘

TORONTO, Feb. I'M-Sentiment favored the upside in moato min- ing market today and buyers-were forced to raise their bidewith rm remit that the miscellaneous mines index advanced about two-points and the gold index more tha a point. Volume however was ow the recent average. '

Base metal stocks moved ahead early in the session and Sherritt was taken in heavy volume and the price closed 8 cents hither at 1.20. Noranda closed 7-8 higher

_ and Hudson Bay 8-8 hlghen. ~

Of the big group, Dome. Lake Shore and McIntyre registered gains of 1-2 to 5 and Bralorne was up 10 at the close.

Wright Hargreaves dropped 20 cent; and Pioneer 5.

TORONTO, Feb. 27-

ltoek: Close Afton 55 Acme Oil 17 Alex Oil 00 . Ale! '2 Arntfleld 75 Ashley 1B Astoria 5% Begamac 9% Barry H 49$ Bale Net 25 ar 37 Benttia 158 Big Miss 04 Bobjo Ill Braiorma 070 B R X 0% Buff Auk 580 Bunk Hill 1s Cal Edm 122 Can Mal 120 Carlboo 138 Castle T 14B Cen Pat B01. ‘ Chlhouk 53 Cierlcy 4 Common \\ I 10% Cen Pat 301 Chiboug 53 Cnningas 320 Coniarum 235 clue 47 Doul Exp fl Eillarado 114 h‘ Bridge 9211 Fail Kirk 0% Franklin 71,4 Gods Luke 110 Goldalo 25 iiocdflsh 24 Graham (W; Granada 22 Greene 32 Guanar _ Bo Idnlcrow 8 Hard Rock 75 Barker 8 - Holiinger 15 Homestead 24 Howey 88 J M Con: 45 Ilako 5h 158 Kirk Lake 4B Lnlnnquo 11. Lebel Oro 23 G sly Little L L 700 lifncnean | 403 Man East 16!,‘ Maple L 12% McIntyre 44 Mclfonalo 147 McKinley 5d McMillan a Mcwttlo‘ 35% Mewattars 142 Mentor '15 MIrrCurP 140 Monetn 12 Morris h’ ea Murphy 3% Novvbeo 3 Norunda 49, Nor Can 37% O'Brien 48 Olga Uil 4% Puymalter 7.5 Perron 145 Pet Cob all‘ Prrnlour 400 Pick Cro 482 Pioneer 1025 Premier 201i Pros Air 200 Omega 7o lied Lilkc 54 lfcuo Gold 114 onto 1y, - lioynlite 32g, Quebec M 101 Sun Ant I299 Sheep Cr 62 Snr-rrltt 120 I600 325 Son Tlh 314 Stada :14 5t Anth 30 15ml Baaln 44d Sud Coat 10v, Sullivan 103 Sylvsnite 200 Tashota 50 Tack Hugh 409 Texas 405 Towngmao B3 Ventures 240 “fniie Amn 11d Wayside 17% Willie Eag .114 Wiltsey C 5 Wright H gag Ymir Y G 41 Silver 44% Total sales 1,4100%. UNLIBTID Aldermac 11 Cen Mun 21 Con Man 21 Church l7 M’, Cobalt ‘P’ Dal Oil , . Foothills (,4) Home Oil 12A Hull Bay 271,’, Lake Mar 7 liialrobio 5 Mandy 17 Night. If 3% Norllml .17 U5: He! t; Oslalur 1| Park lllll 25 larruoc 1x 41g Penal Ore 112 Porn Cr; 1114, Presltl my, Fllollie 41,4, Robb lilont a Sud aflncs .' ‘ Tamiska .5

"Owing to the overcrowded con-

dition of our columns," says this week's Podunk News, "a jnumber of births and deaths were unavoidably-

postponed this near-m Safe

. Excflgnge

(flllpnlled by Plitfald ::d Iceman!‘ tleol

Members of Io: stock ouhollle and Curb Iarket) ltoek: ' Opel Inst A1 Chem 100 171% Am Can 119% 110 Am For Pr 8 81g Am For PI PM 87 37 2"‘ Fl’ 3.‘. l.“ In a Am Tel and Tel 17014 H015 Am Water 22% 23% Anaconda N; 85 Atchllon 70 70% All. lief 81% 81* Auburn 47 47% guilt 011110‘ 262 2:14 ad oco 5251b." 7.‘. i171‘ 'Boo Al! Co I3 23K; Budd Wheel 1'.’ 12% CauPae By 14 15 Case- 111 111$ Cilryalnl 9591 90 s“ a“ ti? om e ' Con Can 78% 80% Con Gas Co 84 34h Corn Pro 7014 70% gur Wright "516 1°!- acre Dupcn. H814 l-s" Else Auto Lite 41% 42 ltri: It H. 15% Jll Flresionl 20a 80 Gen Bled 80 30% Gen Food! 34 3414. en ot 55% 501s. Goodrich 199i 181/. goody»: ‘If; 2;!“ 21% ra age Bud Mot fir 17% 17% Iiupp Mot Car 2% 2 l1 Ceu fllfi [i115 Int Hat Int Tel-and Tel 17K 18% John: Man 12134 1211A Kennecott 8 l4 9s Illa: Paclly 814 3M Mont Ward 40% 41% Murray Corp 19% 20% Nat Cash cg 14 28812 New York N B 556 5 Nor Amer Co 287. 27% Nor Par.- l-‘i .10» Pack Mot 11 119i. Paramount 10 10% Penn R B 85 311a Phil Pet Co 41 431A. Pub Ser Co 44 448'- Pure Oil Co 20 211-‘. Radio Corp 12 12% Radio Keith Orbh 71k 8V. Sear: Roebuck 03K I14 Shell Union Oll (‘o 14% 181-5 Sou Pa: 8-1 i107.- Std Oll 111d 821 4 3R1} Std Oll N .1’ 701% 00 Studebaker Co 12% 18V; Sun Oll Kl Ell Tex Co 8N .111 #105.‘ i?" 3.3.. ' n e r - United Gag Imp 17 1714. U. S. ~Rub 181i 19% Vanadium 241,5 2h ‘Warner Brae 12,24 ‘i3 West Union 89 90'}. Welt Air Brake 45% 461,4 West Elec 114% 110% _ Woolworth 527g 521..

Mt ’l. Stock Exchange

(Supplied by Plums and company Member: of Montreal Stock exchange and Curb Market) ’

0 - ems- Oven 14st sums 2% 1 ' Bathurst _ 14% 14% Beauhalclol: 3 3 Bell Tel ‘I45 5 Braaillan 14% 1W1 Brow Corp Can 1i 3 B C Pow A 81% 32 » Can Nor Pr 24, 24%. Can Car Found 7 7'14 Can Cement 7 '7 Can Ind A1 11% 11% Can Pac 14% 14% Celanese 29% 3° Cons Smelt 235 941 Dom Bridge 30 30 Dom Steel 7% 7% Elec Lern 20% Imp Tob 14% 141A m Nickel 51%. 52% Massey Harrie McColl Front 18% 16% Mont. Pow 30 l8 Nat Brew 43 44 Nat 5t Car 16%. 18% Pow Corp 17 11% Sbawinigan 22% 22% Sou Can Pow 13% 13% St of Csn 83 IANKI Bk of Can 58% 031.4 Bk of Comm 188% 107 Bk of ltltl I 212 212 _ Royal Bk 180 1S0 Bk 0f N. S.

New York Curb

(Supplied by Pitfleld and Company Members of Montreal stock exchanie and" Curb Market)

Stools: Open Last Atlas Corp 14% 14a Cit Herr 5% 5 Elec Bond 8 1 18% (Canadian Press)

Stock: 13h" Atu Cyan B 38 Am (in: El 45% Am Sup Pow .

Cuu ltlar ‘.2 Cit Sor 15> Creole Pct 110% E1 Bond Sir 18 Ford of Can A 20% (lull Oll 2H Hum Oil 1101/, imp 011 211% lnt Pet 111% Niag Hod o1}, Std Oll K01. 21 Un Is and l‘ A 4% Un I. and P Pfd 4154

M T’L. CURB

(Supplied by Pltfleld and Company Members o! Montreal Stock exchange Ind Curb Hark“) '

Stocks Open Last ll A Oll 21% ‘I.’

Donr Stores 101/; 101,‘, Ford A 211 26% lnlp on 2m, 231/, Int. Peta 117% 38

Melebcrs 101/, 10%

See ' the M ovialgrPl-iroturle

Depicting the highly interesting process of making the famous

11s|> 0|:> E - ....;.';;:“ ;:....;".1:; ..;.;a;.:; a"; 11;“ i. .. ... .. CANADIAN LEGION ROOM

rues. mu. 3rd. a v.11. lnmsslon 25c

" i i "r 1i . 1 1|. w -- w. q

We Invite You to Inspect

Our Complete Display ' s

SPODE

ILLUSTRIOUS DINNERW ARE

Spode is made in England, where its

and craftsmanship have been pre- served in the one family and plant for 183 years Spode is known- and appreciated the world over by lovers “finer things.” pattern is never discontinued. It

of the

can always be added

We would like to show you the Buttercup, Pink Tower, and partic- ularly the Billingsley Rose Pattern. The decoration of this exquisite pat- tern consists of the famous Billings- ley Rose, a rose spray, hand painted on each_ piece in delicate natural colors with an Arabesque deslgn embossed around the rim. Billings- ley Rose is a Spode heritage dating gram 1800-1830 when it was palnted

or Spode by that famous English itinerant china-painter, Blllingsley.

The Arabesque is pure sixteen Cen- tury Italian Renaissance taken by one of the early Spode artists from the halo of one of‘ the early Italian paintings of the saints. The whole is a pattern of rare beauty, artisti- cally sllaped,~ and is particularly effective when used with lace table coverings. We suggest it as a dis- tinguishing appointmcnt for your own home or as a gift of exceed- ingly fine taste for someone else-

We Are the Only Distributors on P. E. I. of the Renowned

SPODE Cl-IINA

Prices Advance On Mon treal Stock Market

(C. P. By Guardian's Special Wire)

MONTREAL, Fob. 27-P:lccs were hoisted as much as 10 points on Montreal Stock Exchange today as the market readjusted itself af- ter a couple of weak sessions.

Bulls stirred up gains in the mei- gl, papers and textiles groups while utilities and liquors were mixed. Banks did little while rails showed Lactional improvement.

Metals, brokers said, were stim- ulated by London and New York firmness." Smeltcrs was traded mostly in odd lots but board lots at the finish showed a gain of five- points. Nickel and Noranda firmed more than a point each.

Montreal Cotton; Preferred boosted five points to 95 after an- l uncerrlent the company's balance sheet in i935 showed a strong fin- ancial positlon_ Canadian Celanese firmed 1-4.

Papers met strong demand and

Staffordshire, fine tradition

A Spode

to or filled in.