‘I.’ 23, 19.31

1<$,‘l‘:Y>“1v1>s,

THE OWN GUARDIAN

§KZEA71§Q!§

facial ’s Books ed By Government

_

plOyees To B8 rit win . sepihrlcr Irikestmfillii "'10 of Montreal by Limmh‘, provincial tiecur- " o!“ onililliil"! bimk“ At i vlrtilifiyg! of the for selling gifllliliiOll-

Im_A

f o. searchwtvllrl; ill "m stock will _ Mini)‘ i“ , . OFIT

ill-lug, Iirlilkiug of aelion . “puny is that Id n, ,, “s: profit on h‘ Wk or Pandora liines, ii‘ ‘h, m-r which provides “l... gains or attempts to w... indirectly iiirougii a ...-urn to any "W"

n “nrcnsouabie commis- i‘ ' o" profit, commits an "Film nct bclng invoked. ‘o; ‘he company will 8D-

. KMARKET rr 1c H rs

K, Scpf. 2'.’—(1'. I'd- W“ rciicr-ui about making pirkct prcdiciions at ihls 1m has ruu into n sharp ittrr a ivrnlongcd rise and

"rbflflill that had been nu- |,_r not iltlul‘ up tn tho cir- , n! all couccr-ncil. That H burial-es rccovcry at all

uremic. dug to the majority _ m" n-lm scoff u‘ thc an- (ln star-k iuzirkct ciiii forc-

r, livdiii! Those business

,1; tlic laik of ihc market rui arc stinidiiy :id,|ustlug Hi tint they wiil be randy liv- iiicrotisiitl ivusincss tinny pcIf shrink. {first now :lio

|p|v sr-nsoual. but ruost of m l\clil‘\‘(\. the ivorst has

STEEL

Of Grier Investment Co. Ltd., Prosecuted ' .

By Crown.

pear in the Police Court tomorrow. when Eruieat Bertrand, K. C., Crown prosecutor there, will ask that the company's $500 bond be sequester ‘ investigation is also alleged to have shown that six employes of tho firm who have been selling stock in the promotion, have not niarle the neces- sary registration, and they will be prosecuted. ~ The Grier Investment Company was formerly the bond.division of the former Montreal Stock Exchange firm r-ier and 00., which went into liqudation over s your ago. Charles ‘B, Grit-r, head of the firm, retired from the organization some time ago. and has no connection with it at the present time. As of September 1 dir- ectors of the mlllpliny were Gordon S. Wesigate, president; W. Benson, vice-president; L. 'l‘asse, secretary- treasurer; iind J. W, ‘Aromas.

of

Montreal Stock Market“. Quotation»

(Canadian Press)

Stocks . High Loiv Close Bell Tcicphoiit .... . '10.! B. U. Packing .. .- Ilrnzlliniv B. t‘. Power A .. ... B. (‘. Power Ii ... . C Iironze Coni .. .. (Y (‘ar Pfd ... ..

C. Car Com .

Can (Ieincrit .. i‘riii ffcuicnt Pfd (‘an Indus Alco (‘riu. Ind Alon ll .... (‘an S S Lines Pfd .. (‘an Pnc. ... (‘an Iiyrlro Else .. (‘ockshut Plow .. .. Cons Smelt .. .. .. 80 Dryden Paper ... .. 2% Dom Bridge .. .. 10%

2 1 2 .. 121,4, 111/, 111A a 11v. i1 dry. ii a2 . 2V.

3W1

ma» ago, stock market viirir-rl nu ihc price of ll S. rrrcil Flor-ll, 'l‘liey knew the would rcport n dcficit for qaartcr. just ns they know {by also know the dividend Iifi nu future earnings just lrioiv it nruv. Yet they hill the 1nd disregarded anything n; af fuiurr: brill news. The of ilic cnuiiuiiiy since then iir improved, although not , , because the ioiiary, rill sorts of lotions are being made if rel ivonld cllininatc its pre- liririead the‘ financial com-

vouid rcccive it as writer over‘

Jud iiu- action would be any- tliclpful at this time.

INSULL

flay financial tickers cui-ry eiiiciii, "iusull auction post- For a time postponement was e to tho banks which were to the rim-ks, for the market lug and they were enhancing e. Sow, the revcrsc is true. , when the Insiiil auction is crdit rrtli he real news.

ironrrrcs

ul Exchange has mndo no ninouiiccincni; on its recent lo members to send iu nil ii communications mention- s. it now has all of tiicin, ibly has cxaiiiincrl thcm cure- ioiric members probably have rlnitiudcil. A result is to politics from innrkct comment. leragc linuso is mentioning » of a political nature.

BETTING

ltrect is not doing much elec- ing. its followers may he Hands. Then, too, they rnIY a; for further indications of - of rin- cicctiori just ns they iailiili: a waiting attitude on l amrkr-t, Una bcitlng coin-

liiiiitvllilPPll yesterday he .000 in lny on ltorvaevclt at acy niih no takers. Another Hoover at a 0-5 choice. Just rsgcrinr: is In tl talk stage.

iign Exchange

EAL-British and foreign in r-ilaiion in thc Canadian In compiled h)‘ the lloyiii Canada, closed today as fol-

iiafl peso 0.2500. < svhiiliiig Not quoted. I U313.

‘ lluirvis 0.0850.

irsrd quoifii. " ha“: Kniig dollars 24117. lnslnvakln crown 000331. lrk krduc 0.2007. Ind fiuiuurk 0.0170. P? ill 0.0i.'i7.

tlirit u pound Pr- dr:

“Ilia diuni. 0.017s Mimi-l iifiiinri arioai l? llrniu. (run-L '

rlnll ii v- _

M im canon.

,‘ ‘film Iiflunrl 5.3021.

‘ lisscla 0.0913 in kronn maria,

D-‘mi franc 0.2150.

a 1r 11*; p 1'. premium. m

rain Market

(Ca “unveils-iii,” taqsolmw" 71"" l.v on whcnt _ miiflti prices rcccrled frac- n ,M~‘",-"""ii"y s high points. llnhel i" a" “T” 1/‘ to o“

owl-r for the day.

cross: i" it: Nov my, ;

Press) go

t: q i

liy 5:1!‘ Dec. f’ ’- We m: my 2m

.' o“ 28%‘ n" 29%: May

orisir rnrcas

52%? No. 1 nor nor 47%: No.

ii 88%:

MM,

l N». 1 54"" fllhznliin. . Na, 5 42% ND‘ : Durum

- ‘1-"4- No. a c. w.-

r Dora Stctl Coal B .. 2

i Eastern Dairycs ...

, Frnscr (‘oys .. .. . 50

i Gen Siccluvarcs .

iGurds ... .

‘lull Nickie ....

. Lake The Woods .- .\iassc,v ilarris . Rlontrcai Power .. . Mont Pow 3 p c Deb Nail lircworics .. .. Nat Steel Cur .. ... Poivcr Corp

_ Qucbcc ,I‘o\vcr ., ,. Shawinignu .. .. .- Soiith (‘an Pow .. . Staci (‘o nf (‘an ...

\\'iunipcg l-licc .. .

lVlnnipeg Elec I‘frl ..

IIA N R S

Commerce ... .. . .. Montreal... Nova Scoila Royal .. .

, The Montreal _ “Curb Market

I08 I06

Iicauharnois ... ... ... I.- Ilr. Amer (ill ... ... .. Dislillcrs—Scngrairis ... Hiram Walkcr-(iooderham

Worts

Noraurla liilnes Sherriit-(iorrlou Siscoe hilues

New York Curb

Amer Super Power A ... ... (‘ities Service . Electric llonri and Share . Niagara lludsou Power .. . Si. Oil of lndlnuri Swift ..

Three Years _ Of Depression

\\'all Sircct obscrvcrl ycstcr-day the third anniversary of the bcgiiinlni! of the currcnt depression. On Sept, 10. I020. '.l‘ho Nciv York Times avcrnge of fifty slacks established its historic high of 311.00. The acxt day mnrkcis wcra swept by selling as the stocks in thc Ilatry group became suspic- ousiy weak. 'l‘,vpical prices for Sept. 1020, wcrc: Yiiitcd States Stet-l, 24l- Vi; Aiucr-icriii ’l'cicphnnc_ 301; General I-llccirlc old stock, i475: Consolidated Gas, Hid; New York Central, 2i11/,; Pcnil-lvauln llailroad. 103M; Inter- national llarvcstcr, 1301/); Union Car. bidr, lfifi: Santa Fc, 282%: Air Reduc- tion, 2147A; Ilriltininrc and Ohio, H0- i/i! i". W. \\'00i“'0l"iiI, 1015;; West- inghouse Electric, 201%; nna Otis

Consumer Demand Reflected In

Ipurt by Manufacturers

TORONTO. Sept. 22-A sharp spurt in certain industries manufacturing consumers’ goods, combined with the r-ine in commodity prices, has improv- cd considerably ilio earnings pros- pecis for companies iii thcsc branches over tho balance of this your, accord- ing to Moody's investors‘ Service.

Duo to the improvement shown in cotton and cotton mills rayon silk, wool tic-i, tbcsa indiLsti-icii have been advanced temporarily from the "poor to fair" in the "fair" position in Moody's industrial classification.

CANADIAN DOLLAR Ill-MY; AT NE\V YORK

NEW YORRZ-Jforelizn exchange firm: Great Britain 3.40%; France 3.02 1-10: italy 5.12%: Belgium, 13.88- %; Germany I; Canada 80.50%.

EASTERN siuiiuiuii

..'EVERYBODY IS GOING to Montague Races tomorrow after- noon. 6423-11 a

DEATHS

lucaniisn-ru Hunter River, Sept. 28. I932, Annie McAleer. Funeral notice later.

r4, CIILOW-At, Kensington, Sept. 23.

3 ll-ssaslll.

i932, Mrs. Charles Ohlow. Funeral rto leave house Saturday; Sept. 24 It l a. in. to duiamarfield Church.

Threat or Rival Exchange Wins Banks’ fight

LONDON, lapt. II-A throat by the large British banks to set up a rival to the Stock Ilxchange, according to The Daily Herald, was followed to. 1118b! by the unconditional surrender 0f the Stock Ilixchangds executive committee which agreed to ,every- thing the banks demanded.

A committee representing the “Big Five" Joint stock llllllklr-Midilllll w minster, Lloyd's, Barelay’s the National Provincial-and the lead- inrpprlvate banking “was is laid to have informed the ..xcliange coni- mittee that unless thcy received b0 per cent of the commissions on all btock Exchange business introduced through them they would set ul> machinery for putting buyers and sellers of shares in touch with each other outside the Exchange.

if ihc banks had put their threat into effect it would have meant the virtual collapse of a number of Ex- change firms.

PRUDUBE

lii0.\"i‘lll€.\i., Sept. 22—iiccclpts of eggs at .\ioiiii'~.'nl today were lout-r for the fourth consecutive day totalling only ~ili1 criscs same day last ivcck 2083 same day last year i483. For the four days this week egg receipts have ag- gragutcd only 2180 cases compared with 5000 cases in the same four days last ivcuk. Prairie eggs which ordin- arily n-onld he sent east are being shipped to the Pacific coast where higher prior-s are prevailing than in the cast. Next weck is expected to bring ii better tone to the local cm: market as a resiiit of this week's lighter receipts rind offenings. There has iii-cu some accumulation of eggs hcrc but good progress has been made in cleaning up the surplus and by the and of the week n satisfactory posi- tinn is cxpcctcd. Prices were iin- changed today grrirled stock in ciirlois being quoted 20c to 27c for extras lilc for firsts and 1.'ic for seconds. Storage eggs are not scheduled to make an appearance on this market until Oct i at the earliest.

The butler niarkct was quoted un- changed at ‘Jic to 2151c pcr lb. for rarints or ii. t". L. lots of No. 1 cur- rent receipts or storage stock. ne- ceipts 33 boxes week rign 543: year ago 207. Small lotn to retailers ire-re being sold‘ b,v jabbing houses at 23c for solids and 24c for prints.

The chccsc market ‘was mostly iinchangcrl at I0%c to Ontario's and 1014c to 1054c per lb on Quebec's. Some were 14c under those lcvcis rind orlicrs were It‘ over. ‘Exports are exported to he from 25000 to R0000 boxes this week compared with iiiliiTfl boxes last week and ‘with linxcs two weeks also. New business rcniaini-d qulc-t and the. trndo was waiting: fori the country boards rZIlIS ivcck our], Receipts 4110 boxes wi-"k aim 2300, yrnr ago i800. New binni- rcal potatoes ivcrc quoted unchsoucd at 40c to 00c for 8d pniiad bans. New livuasiviclr cnbliPPI were also irri- changcd nt_t‘0c to 70c.

quoted iic for

“Ike New torn Stock Exrchange

Air Reduction .. Aliicrl (‘iicriiicril Amcr .-\mer Amcr Amer Amcr Auir-r .- Aincr \\'atcs Works Anaconda Copper Aichison Atlantic Refining Auburn Auto Baltimore Ohio llnrnsdnll ilrtlilchcm Steel Ilnrdcu (‘n Briggs Manufacturing .. liycrs A. . .- (‘nnada Dry Ginger Ale ... ... (‘an Pacific Ry ... (‘nan Threshing . Phrysicr Motors ... (‘hcsaporike Ohio ... ... (‘oininblan Gas Electric ... . .. (‘nlinbiau (‘nrboii Commonwealth Southern Continental (‘an (‘ongolciim Naim . (‘orn Products Coca (‘nin ..; . (‘nus Gas of N, I. . (‘uriiss “Wight. ... . Tlnvlsou Chemical Delaware Iiiidsnn ... ... ... .- Drug inc . .

Diipnnt

Eastman Kodak . - Electric Pom-r Light . Electric Auto lrit

i-‘nx Film A ..

i-‘rcopnrt Texas” .. General l-‘ood Products

General Electric.

General Iiotors .

Gillette ... ... -.... Goodyear Iliibbcri . Gold Dull ... ... ... Houston Oil inti Nicki:- . lntl Tiarvciiicr . | lnil 'i‘cl and Tcl .. iiclviuntor Kresge Rtorcs Kennccntt Copper ... ... lmnsc Wiles ... ... .. i.nr~w's Theatre iilclfccsport Tin .. Montgomery Ward ..

Nash Motors .

Nail (‘ash Register ... . Nail Dairv Products ... . Nsiincsl Power Light ... .- Nciv Ilavcn

New Yopk Central ...

Power Light

... y.

... ... ...

Packard Motors .. Paramount Puhiix Pcnnsyirnnin It R . Phillips Pete Pullman (‘o .. Public Service of New Jersey ..

‘lind ... Rritlio-Kcilh .... - .. Reynolds Tobacco l‘! ... ... ... Scars llonliurk simmnns (‘o .. southern Pacific l... Snuthcru Railway ... ... ... sr. Oil of b‘. 2|’. .. t... Socnuy-Vnciiuiri .. ... Standard Gas .

fiicvrart Warner .

Rindchskcr ... .- TrTxns Gulf Sulphur ... ... Tcxns (‘orpn Timkcn .. Pnitcd Aircraft . iinitcrl Corporation .. Waited Gas improvcmcnt ... Vnion Carbide

..- sea ..

... a s as. w.

...-s

l’, S. ilubbcr .. ... .. .... l‘. S. Pine rind Foundry .. l‘. S. Steel Vanadium Ricol ivostinghnusc J-‘icc will," Overland Woolworth 0 Worihiuatnn Pump ... . INK

“HMRK

... 0 JIM 5f:

PQlloiv Truck rind C ... ... ll Warner Bros ... ... .. s,“ so 3 Willi!!! VIM! us an ass-pg ll

and i

uPviiiiTiEiii N uiicis IS cuiuiuiu

MONTREAL, Sept. 22—The Mont- real stock market continued its up- ward trend in early trading, today, leading issues moving fraetlonally to n point higher with one gain of 4 points, turnnvcr was active.

Consolidated Rmeltars again fea- tured the list. advancing 4 points to 89, Shnwinlgnu Power was also is strong spot, training a point to 20.

Canadian Pacific was unchanged at 201,4, llmsiiian Traction gained at ‘A and international Nickie was ‘k higher at 11%. Montreal Power rose “i: to 37%.

Quebec Povver was up 1,5 at 101/, 29d B. C. Power A was V. higher at

United D States Potato Market

nosron. to... 22-—-Potritoes, Cob- hlcrs, ‘loo-Ede per 100 lbs.

NEW YORK, Sept. 2'.'—Potaloen, 74c, dull; New Jersey, I00 lb. sacks, ‘Iilrt-Sflc: 150 lbs. sacks. $l.'25-$l‘.10: Long Island, 1S0 lhs. in bulk, $1.50- $l.70; 100 lh. sacks, 500-001‘: I50 iii. saclrs_ $i.li0-$i.50; Maine, I80 lhs._ in bulk, $14041. o.

PRESOITE IQLE, fife. Kept. 22—— \lurkot dull, (‘arloads too few snlcs to establish market. Wagonlonris cash tn zrowcrs. bulk pcr burn-l ll. S. one (‘obbicrs mostly .'i0 cents. Mountains 35 to 40 cents.

Mining Stocks

High Low "lose Arno ... . . 2% 2T, 2% B l-Iollingrr .. 4% llngamnc ‘i=5. Bidgood . 21/, Base Metals 1:i0 B. C. Pioneer . 3S3

(‘alniont . (‘nun Pnstie-Treth .. Phlbougamau (‘lericy (foluaiario . . Dome Friiconbrlilge .. )lll‘flhfllll Bous .. ilrauadn .. ilinrker lloilinger llomcstead . llmvty .. Kirk Lake . Knot Flor birirnssa .\laii Basin .\Icriulill Iiining (‘or-p. bioffiitt llall . .\insei Ncivbcc Nipissing . Noranda North (‘an ... ... . Petrol Oil .. Premier Sari Antonio Sarnis Sherritt ... Siscoe- .. Stnrlacona Sudhiiry llasin . Sylvanite ’l‘rishotr\ .- Teck Iluglies . Toivngriinric Trdnewcii Vacuum . Vipond ..

iVriglit Harg

Sllvcr . . . . . . , ., ,,

Total saics—illl,000 shares.

UNLISTED

Assoc. Oil ... ,. 10 l‘! “issoiiri . . Hwrina (‘ai and Ed f! Ilcstnrch G Copper .. Eldorado ... Hudson Bay ,,, inter» Nickle . Holland

Alrroma . Baldwin Bohjn

Kirk Town .. Ifnirnbic

‘ REMEMBRANCE

(Continued. from Page i)

R. C. Chandler. G. E. Ritchie, I". A. Drisooil, L. T. Lowther, A. B. Cosh, W. G. Hughes.

Associate Members-T. E. Mec- Nutt, P. E. Palmer, J. S. Walker.

Resolutions of thanks were ten- dered to the Ladies’ Auxiliary, press, Band, Comrade Charles Hine and Bugler Smith,

The first meeting of the incom- inB executive will take place st 'l o'clock Thursday, the 29th of Sept.

Following is the resolution res- pecting Remembrance my:

It hevhig come to our notice that at the recentconvention of the Cen- adian Chamber of Commerce ss- semble’ st Halifax, Nova Scotia, s resolution was adopted , ‘ " ‘ the Federal Government that the form of observance of Remem- brenceDay be two minutes silence with suitable ceremonies. rather than a. legal public holiday we, would therefore make the following observations.

Before Remembrance Day was made a holiday ii. was most diffi- cult in many cases to have our comrades relieved from their cin-

Znioymeai to enable their attending

Vkgquipped for a winter's stay.

Ciilllilil. iiiliilllllll

in. /—'

This ls reserved for news, hat advertisements of a news eharac‘ ma! 5' blotted at the rate of 6c. per word, strictly payable in ad- vanes.

BEDEQUE BAPTIST Church, Rev. A. G. Crows, Pastor. Sunday, September 25, i932: 10.15 s. m., Rally Day Service; 11.45 a. m., Sun- day ' School: 1.80 p. m., Evening Service. Subject, "Prom DLCZI to Life."

men surmeunr -- m. - John MoCsbe, an old and respected resi- dent of Aiberion died suddenly yesterday trouble. f-Ie was ‘l0 years of age. He had retired from active work a number of years ago.

MAIL OFFICIALS HERE — Messrs. R. H. MaeNab, Chief Sup- erintendent of railway mail service for the Dominion, and J. P. Fortier chief Inspector for that department, of Ottawa, arrived in Charlotte- town last evening on business 00n- nected with the railway mail ser- vice between the Province end the mainland.

Colonel Thomas Grantley, M.P-. oi Pictou, N. 3.. is visiting Charlotte- town, the guest of Rev. Dr. and Mrs. Ramsay.

N.S. YOUTHS

(Continued from Paflt? 1) -__' and highways. Yesterday eight P0- iicemen visited Devon, and One 01 them met McEwen. "Gooddsy," said the youth, and-promptly 000k l0 hi5 heels, "Halt," cried the officer..l3ut the youth told the officer to 8° some place and sped across the fields. Hoping to frlflhi-m hi!“ ‘he officer drew a revolver and fired two shots. The youth sped fest"- and was seen last‘ scaiinz i1 i=0" on the edge of the wood.

The policemen followed. They did not find the three youths, but they found a. well constructed camp It contained provisions enough for several weeks. Some weeks i180 McEwen visited the home of Thorn- as Miller, where Constable Percy Miller resides. Just a. little back- ward about tackling the youth single handed the constable asked his father to engage him in con- versation untll he hailed an officer in a car nearby. Mrs. Miller in- vited McEwen into the house for a cup of tea. The youth accepted. He was sitting at the table in the dining-room when the sleuths ap- proached in the car. Sensing dari- ger, he darted to the hall and jumped through s. window to the yard, carrying the screen with him. He was well on his way to the woods when the officers arrived.

the short ceremonies then observ- ed.

War Veterans for years have looked forward t0 having November the 11th set aside as a. dsy of whole hearted remembrance of the mil- lion men of the Empire who gave their lives in order that those ideals for which it stood might be handed

suilied and untrammeiled, and also that it might be , ssibie to have a public thanksgiving to Almighty God for the blessings of peace.

War Veterans have ever had in mind the desire that the day be ob- served in the nature of a Holy Day and not as a holiday in the usual sense of the word.

The Canadian Legion of the ‘Bri- tish Empire service League with Allied Associations therefore after years of endeavor saw with much gratification the Dominion Govern- ment in 1931 set. aside Armistice Day es a public holiday to be know-n as Remembrance Day, thereby making it possible for citiz- ens of all classes to attend the Re- membrance ceremonies.

Throughout Canada, November 11th last was observed as a Day of Remembrance with suitable religi- ous services, and we believe that such services will become more and more prevalent and outstanding each year, at. least, until the last. Veteran of the Great War has ans- wered the final Bugle call.

Therefore resolved, this annual general meeting of the Charlotte- town Branch of the Canadian Le- gion, B. E. S. L. desires to place on record. that it deprecates very strongly any endeavour to prevent the 11th day of the llth month be- ing observed as s. day set aside for the sole purposes of remembering the War dead, and rendering thanks to Almighty God for the victory given our Arms and the restoration of and continuance of peace.