Won 1.11933

3 .=.v

WRESTLING

BOWLING

HOCKEY

Bu; ours

_, THURS. 8.30 P.M.

f

m

double

Tel. 1000,

o o c g g THESE THREE COALS ALWAYS 0N IIANI); Screened or screencd—Lumpy—Bright—Cieau.

TROVIN G VERY POPULAR. $7.75 per ton, Cash price only.

11. 11. 1111111: a co. a ms.

ABEGWEIT AND WOLVEBINE INTEBMEDIATES

in

MARITIME CHAMPIONSHIP FINAL Fint three side rows-Silo. All other seats-fie, Plan opens I0 n. m. today-Get your last peep at hockey.

11 FRIDAY - s P. M.

CARNIVAL FOR ADULTS AND CHILDREN Cash prizes for both classes Cslh door prises Get your costumes ready.

25 cents.

THEY ARE

xchange Rate

s Non

Existent

On U.S. Dollar

anadian Wife-at And Stock Markets Buoyant. Weakness In Gold Shares Only Unfavorable Reaction To U. S. Situation.

(Canadian Press)

Boom in wheat and buoyancy on

stock markets were cheerful is of the Canadian picture as the pinion Monday combated the t. y of the United States Na- - ink holiday. But exchange with the United States 1e paralyzed and Canadian nks, Express Companies and the st-Oilicc were forced to clamp = lid on bank drafts, postal notes d moncy orders between Canada d foreign countries.

losing of thc United States Fed- iRescrve System with its accom- i ying removal ' of the United tcs dollar as measuring post of cign exchanges resulted in such tatc of uncertainty regarding the emotional value of the Canadian lar that authorities found it ne- flfl’ to check international pay- nts. Postal orders, for instance, l’ not bc sent from Canada even tho United Kingdom, nor cashed re from outside, simply because it impossible to figure out the ex- angc.

- s. cvmusxcy nrsarraaus

‘ ‘tgd States currency is fast dis- ‘ ing in Canada, being grabbed 4 fl-“Eciv by United States con- - ts iorccd on a scrip basis. With c dollar sought everywhere, some the Canadian banks Monday re- "ti! to quoting the United States liar at a nominal premium of 15 1cm. this having no real rela- li to the actual exchange rate. hicli is non-cxisten

v

WHEAT PRICES ADVANCE

Domestically, Canada did busi- ness cheerfully and nowhere was this clearer thanin the Winnipeg wheat. pit. There grain continued its advance of Saturday under good buying orders from the States, clos- ing more than two cents higher with the October wheat future reaching 55 cents and grain traders looking to "dollar wheat," the pros- pect of which not long ago seemed to have vanished. '

The Toronto and Montreal stock exchanges, wary through the caril- est part of the day, finished with an enthusiastic bull move which not only wiped out earlier recessions but ended in net advances up to four points. International nickel was the feature performer, coming back to close steady after early losses. On the standard mining market, gold shares closed with net losses, but not at the day's low, while sliver shares went forward smartly in the late afternoon.

The upward movement on the Canadian exchanges was purely a Canadian move with Wall Street's guidance lacking. It was held con- siderably by wheatfls good shins at Winnipeg and the weakness in gold shares was the only unfavorable re- action to the United States situa- tion.

GOLD EMBARGOED

A sidclight on the way busin~ss between the Dominion and the United States is tied up by lack 0i foreign exchange quotations on the

I

ANSWER

glass.

Q Here's the answer to our statement that the “BLUED: BLADE” provides the ch68?‘ cit shaving method known-

“aaua arses" edge! w:

Steel hard. enough to d0

this gives far more shaves P"; penny. For real shavins ¢°°"‘- ' omy a... "awn snow"

77'! “ILUIILADPW: mulch cdflffen flu all’? Giihuollalenllhlhenoenpoekqe-

.NE

dollar was column 10118-059186 payment of United States exchange on its debentures. The municipal- ity secured 85.185 in gold wherewith to meet the extra charges due the Maiden, Mass. swat company. But. the‘ gold cannot leave the country due to the embargo on its export. Neither can United States funds be secured for it. Calgary has paid the bill, but the creditors can't collect, just now at any rate.

While some of the banks quoted '15 per cent premium on United States funds, most Canadian instit- utions continued to accept them at par, with the exchange to be ad- justed later on when it is ascer- .tained just what it is. This is the chief puzzle of the mdinent. In this connection Canadians scanned keenly the statement at Washington of representative Rainey, that the United States was off the gold standard and had been for some time. An assumption the premium here on the United States dollar will be lower when quotations are

the slump in gold shares.

Canadian banks refused Monday to issue drafts payable in other countries. And both express com- panies rofused to sell money orders payable outside Canada. In Mon- treal the British pound climbed to $4.26, in Canadian funds, at one time of the day. closing 8t $4.23. compared with $4.04 on Saturday. Montreal grain traders foresaw swift ‘development of trade with Europe on a Canadian dollar basis. 'I'hs,mint at Ottawa is still ac- cepting gold, it wasbfliciallv stated. at the mint rate but adjustment of the premium, as with so many oth- er transactions throughout the country, will have to be made later when the United States reopens for business and the United States dol- lar makes its reappearance on the international stage.

MARITIME REACTION

HALIFAX, Mar. 6.—(C.P.)—Tlie United States dollar, as far as or- dinary cornmercial purposes in I-Ial- ifax were concerned, had come down to the same levelof value as its Canadian contemporary today. It was generally accepted at par. and only one store was found where American money was not accepted. Banks were cashing United States funds without premium for the most part, though one institution granted 10 percent. On the other hand, most financial houses charg- ed $1.19 Canadian when selling the American dollar.

The post office here was accept- ing American money at par, and fol- lowing the banking practice in charging a premium on its sale. Only Canadian money had been presented at the customs house.’

Cheques, however, were not in very good favor. Those issued on some institutions were flatly declin- ed, and others were accepted sub- ject to collection. Provincial prem- ium of 20 per cent was being charg- ed for collecting bills payable at Halifax today in United States funds. Records of such transac- tions, and of most banking exchan- ges were being kept with a guaran- tee of aujustmen‘ later.

Railroads, hotels, department stores were generally operating on a par basis here. In Saint John also the banks were roving dollar for dollar, but little United States mon- ey was in evidence there.

NFLD. SITUATION

MONTREAL, March 6.—(C.P.)—- The one country in the world to which Canadians could remit mon- cy today without hindrance of any kind was Newfoundland.

Money orders to the Island Do- minion were issued without restric- tion by the banks at the same cost as usual.

The reason-All banking in New- foundland is done by four Canadian banks and Canadian currency is the legal tender there for all amounts over $3. Newfoundiandh silver and $1 and s2 notes are issued bl’ "8 government but the larger bills in circulation are all Canadian.

U. S. SITUATION

(By Claude A. Juror. AIMIIM ' Press Financial Editor)

NEW YORK, March G.-(A.P.)—- The leading banks of the United States were working feverishly to- day upon emergency plans. New York and many other large cities ma Virtually comllm" ol-no to not hundreds of millions of dollars in clearing house certificates into cir- culation, which would tend t0 re- place bank cheques in lot-flint ‘transactions, and augment the sup- ply of cash. Some 8250000900 in certificates were said to be aimed! pflntgd in New YorkJ Governors of the New York Itook Exchange met and anhounoedit would remliholoeed until further‘ notice. It was indloltfld thlt iii-Ml‘ principal commodity and security exchanges -wouid follow. its lead;

.1‘

r or

esumed was chiefly responsible for -

T"! Beiaton Choice-

Of Five Out OfSix Judges

The following tabled form show the manner in which the six Marl- time sports writers voted in their selection of the most valuable player in the “Big Three." It may be seen that Jole Beaten in re- ceiving nineteen points out of a -, ible thirty, received votes from five out of the six judges.

C. J. Ganong, Mouton-James. _ Moncton, 1st, five points; Graham, Halifax, 2nd, four points; Foster, Moncton, 3rd, three points; Beaten, Charlottetown, 4th, two points: Ferguson, Halifax, 5th, one point.

N. D. Mathieson, Charlottetown- Beatou, Charlottetown, 1st, five points; Graham, Halifax, 2nd, four points; Sargent, Halifax, 3rd, three points; Burl-age, Moncton, 4th, two points; Connolly, Moncton, 5th, one point. .

T. E. Corrlgan, Chariottciown— Beaten, Charlottetown, 1st, five points; Bubar, Charlottetown, 2nd, four points; Lennon, Halifax, 3rd, three points; Foster, Moncton, 4th, two points; Connolly, Monctcn, 5th, one point.

W. J. Foley, Halifax-Graham, Halifax, 1st, five points; Ferguson. Halifax, llfld, four points; Lavlgne, Halifax, 3rd, three points; Beaton, Charlottetown, 4th, two points; Bur-rage, Moncton, 5th, one point.

W. II. Hutchinson, Monoton- James, Moncton, 1st, five points; Burrage, Moncton, 2nd, four points; Foster, Moncton, 3rd, three points; Sargent, Halifax, 4th, two points; Bubar, Charlottetown, 5th, one point.

Jimmie Smith, HaIifax—Beaton, Charlottetown, 1st, five points; Bur-rage, Moncton, 2nd, four points; Sargent, Halifax, 3rd, three points; Graham, Halifax, 4th, two points; Foster, Monctcn, 5th, one point.

ness continued to flow through reg- ular channels in commodities and goods for immediate or early deliv- ery, 0n the basis of extension of credits until such time as accounts may be settled.

While bankers and economists mostly insisted the monetary situa- tion did not. necessarily have in it the elements of inflation, efforts were reported on the part of spec- ulators to accumulate commodities in expectation of a price rise as soon as normal trading is resumed.

Late in the day, rules modifying the President's bank proclamation were announced in Washington, pennitting banks to collect and handle drafts or other documents,

though lie had complained of rheu-

THE CHARLOTTETOWN GUARDIAN

SPORT WQRLD i’

1111 1111 111. nous ERNEST curriair

Sudden Passing 0f Night News And Sport Editor Of The Guardian.

The rlcuth occurred suddenly yesterciuv in the Charlottetown Hospital of Mr. Thonlas Ernest

Corrlgarr, Night Nouns Editor and 5p0l‘l.iil>; Editor of the Chariozte- town Guruclian. Mr. Corrigan was at 111's rlcsk tlrcprcvious night and | returned hoinc in the morning ap- parentty- in his usual health al-

matism in his back. About o'clock

in the morning the neig bars in

the apartmmt below heard‘ the noise as of a, fall in the room ab- ove, and upon investigation found Mr. Corrigan lying in iils night at- tire on the floor in an unconscious condition. He was placed in bed and two doctors immediately rip- pcared on the scene. He was re- moved to the City Hospital where everything was done to restore consciousness but in vain, and Mr. Corrigan passed away about. l1 o'clock. A tragic circumstance in connection with his death was that_ his wife and recently born baby were in the hospital at. the time, sheexpecttng to return to her home ‘ today. Death was due to kidney trouble, the 1min Mr. Corrigan suf- fered being from that instead of rheumatism as he imagined. Mr. Corrlgan, who was in his 31th year is survived by his widow, formerly. Miss Lillian Davey, (Laughter of Mr. and Mrs. W. O. Davey, 30 Wey- mouth Street, a sister, Mrs. Wm.

and to pay out necessary currency, in connection with the movement of foodstuffs.

There are some 260 clearing house associations in the country, and bankers pointed out that as soon as the associations could get. scrip printed, the member banks could start at once permitting the cashing of salary and other cheques, paying out the new certificates. This, it was felt, should bring an immediate stimulus to business.

Also, return to banks oi hoarded funds was expected since funds ‘re- ceived for new deposits would be fully withdrawable, for they would

or certificates, on deposit with the federal reserve banks, or in the form of U. S. government securities.

EXCHANGE QUOTATIONS

Iimrportations from the United States which, on the basis of the last quotation were valued in Can- ada at $6.48 in Canadian funds to the United States dollar, were to- day valued at $1.25. This quotation given out to the Department of National Revenue by The Minister of Finance. is 11. temporary meas- ure and subject to change tomor- row. In any case, departmental of- ficials explained, collections on this basis would be subject to ad- justment when exchange trading was resumed.

As the situation works out, Unit- ed States dollar was, for customs duty purposes, writtenpp to $1.18,

lllltllllhtlhtilllflllilitflillie~

with the Government collecting the 18 cents as a "currency dump." For may, the‘ United States dollar has been written up to $1.25. with the added 2s cents collected by u...» Government as a "dump."

A love-sick swain was question- ing his girlfriend prior to popplns the all important words.

"can you cook?" he asked.

"Now, just a minute, Georflfl" laid the very wise girl. "Let us take these qucst'ons in their proper order. The matter of cooking is of secondary importance.

"Oh." he said rather taken a- but. "And what is the first?" ,

"Can you provide the things t0 lihlth flllt, You the oily ohlmil- iqnship. Although never e mour-

be cooked!" she sailed.

have to be kept liquid, either in cash |

Dalton, Pictou, and two children lto whom sincere sympathy will be‘ extended.

Mr. Corrlgan had been associated ‘with the Guardian for the past l5 years. After leaving Queen Square School he worked for some time in Murray's Bakery but being ambit- ious to attain a college education he competed for one of the Con- nolly 'I‘rust Scholarships, and being

successful, took the three year course at Saint Dunstanfis Univer- .slty. He subsequently went on a visit to Calgary, but not being i111- press"d with the West returned to Charlottetown where he secured a job as proof reader on the Char- lottetown Guardian in 1918. He subsequently became Sports Editor of the Examiner, in addition to his proof reading job. When the Ex- aminer was absorbed by the Guard- ian in 192! Mr. Corrigan contin- ucd as Sporting Editor of the ‘Guardian. Later he became City Editor and five years ago was pro- imoted to the job of Night News |Editor, a position he held in ad- dition to that of Sports Editor. lie conscientiously devoted all his time and energies to his newspap- cr work and made a marked suc- cess of his profrssion. About a year ago he was appointed Charlotte- town Night Representative of the Canadian Press, which worked in with his other duties.

Mr .Corrigan was a keen base- ball player, bring associated with the Anchor Team, in which he played in i912. Subsequently he became a member of the Abegweit Club and played third base for several seasons. He was one of U10 team w/‘hlch played in the All Star Baseball circuit playing the Wanderers. the Crescents and the Springfield teams. After he gave up active participation in baseball |he was invariably to be found on the baseball grounds during the season, keenly following the game and encouraging the rising young players throughout the city. l-Ie was one of the fathers of the City League. and, as hns been stated, was a member of the Anchor Team,

her of a first-class hockey team M13 Corrisan was keenly interest- ed ln this game, and participated in some of the local matches play- ed in the old Arena. As an au- fhorlty on both baseball and hoc- key his opinion and advice were sought not only locally but in var- ious parts of the Maritime Pro- vinces. As Sporting Editor of both the Examiner and the Guardian he entered very enthusiastically in- to the popularlzlng and upholding of these outdoor sports, and his comments and criticisms of the games were always informative and, authoritative ‘and rarely or ever charactermcd by extreme partizan- ship. He was greatly interested in the welfare and success of the new Forum, and never failed to give it and its enterprises all the support they deserved. Tom was popular‘ with everyone, and always had a cheery word and smile for friend and foe alike, although the latter were few in number.. His sudden calling will leave a blank in local sport life, and his presence and services will be keenly missed on the Guardian stafl‘. Every sports- man and public alike will regret his early passing, and extend heart- felt sympathy to the sadly bereav- ed family.

Tom has made his Last Home Run.

Tom, who was a son of the late Mr. and Mrs. John Corrigan, Wey- mouth Street wns a devoted son to both father and mother. His mo- ther, who was an invalid for long, had to take medicine Vat. certain hours twice a day. No matter where Tom was or how engaged he would beg to be excused till he went hom/ to give his mother her medicine.

Similarly with his fatherw Mr. John Corrigan, who never knew what it was to be unwell until his fatal illness, when Tom waited up- on him with a. devotion and affec- tion worthy of any wife or daugh- ter. In taking farewell of Tom his father said "Stick to the Guar- dian, boy, and you will be all right," Tom did not require any such in- junction. but it pleased him to know that his father thought he was following the proper course. His heart was in his work, and he was in his element among print- ers’ ink, copy and proofs.

As a husband and father there

was none so happy and contented. He had a charming and devoted, wife and two babies, a girl and a boy, the latter not yet a fortnight‘ 01d), of whom he thought the world. spending all his spare time with thfm. How he will be missed in that loving little circle it baffles pen to attempt to describe. The funeral takes place tomor- row from the home of his father- ln-law, Mr. W. O. Davey, 30 Wey- mouth Strtct at 8.45 to St. Dun- stan's Basilica.

CONDOLENCE

HALIFAX, N. 5., March 6.—-Am shceked to learn of Toni Corrigans passing. Please accept deepest syin- pathy and kind regards.

A. D. Merkel, Atlantic Superintendent, Canadian Press.

SAINT JOHN, N. B, March 6.- Please accept my deepest sympathy in the death of “Tec" Corrlgan, your Sports Editor. The Telegraph- Journal staff wishes you to convey their condolences tohis family.

A. Malcolm McGowan. Sports Editor, Telegraph Journal,

APPRECIATION

Tommy Corrigan—“Tcc"--is dead.

Ernie Moshefs pass and flipped it back of the Moncton goalie to give

until well along in the third per- iod when Sammy McManus caught

BOXING BASKETBALL OTHER SPORT

Wolves

in

From Hawks

Halifax Clan fie 3-2 Decision From Moneton — Lawlor Scores Winnir_1_g__ Goal.

HALIFAX, Mar. 6—fBY inc Ca- nadian Press)—A double-scoring second period attack and o. goal in the last two minutes of play, after Moncton had tied the count, gave Halifax Wolverines :1 lead in the battle for Maritime Hockey League supremacy tonight. The Wolves, fortified by their 1-1 draw on the Hawks‘ home roost last. F'rida_v, stepped out on their ovm ice iviili renewed confidence. The opening period was scoreless, but with a minute gone in the second, Todds Beazley beat Foster at the end of a Mosher-Ferguson-Bcazley passing attack to put the Wolves one up. Midway through the session Vince Ferguson caught Captain

the locals a two points lead." Moncton failed to get a look-in

Sergeant at his mercy and rcrluq ced the deficit to one.

When Nucker Irvine went down; unassisted and evened it up at the 1s minute mark the Moncton dc-t legation settled back to look at' some overtime. were hot through: 4i) seconds af-

lor, hard-working Halifax left- winger, had wormed his way in to salt the game away.

The teams meet in Monctonl Wednesday in the third of a best; three out of, five series for the’ League crown.

Iiawlor's goal tonight gave risc' to a hot argument. Owen Lennon

had gone down to take a peg 31,.- Foster and a knot of players poun-

ced on the rebound. Goal Judge

CENTRAL GUARDIAN

Thin column in reserved hu- queen's County new: of local Interest but rul- vertixlng of n newly "mu". m"). h, inserted at A cents u wurri nirir-ily payable Jn advance.

WATCH for tile '77. 8240-3-4-31

POLICE COURT—Edward Weeks, charged with breaking and c11te1'-‘ ing E. A. Foster's drug store, c011- lessed and was yesterday sentenced by Stlpendiary Magistrate Martin to two years in Dorchester. Andrew Dunn, on a similar charge, was rc- manded to the Supreme Court. Fred Kenny charged with receiving stol- cn goods, was remanded until this morning for sentence.