"APRIL 24. 1929.1

A. Stewart Jones

Investment Securities

P. 0. BOX Z64 l "Charlottetown

PANMURE ISLAND-The March IllOllFy. for thg? meetlnl W" Wielled Wm‘ "weilfillﬂ finely zleclded to i 3f the Green". and roll call was Easter answered with "Irish Jokes". drinking fountain is to be bought for tiighl. the school. Discussion on how to raise sislod 0t Spglhng Mam]

.-

Phone. 291 L

——___ “m? audit wasrmq hold a. dance on; A salt utildtulldall-ntlilht and an aucnon “ l I111" y 1e following F "d Pmilrtniiine of evening rdoiliy

Investment

[rofitlble investment. Ierml as the wealthy can invcst their Cllplfll.

exchanges bu brought this about.

without them. industrial development. commercial enterprises and individual invistors.

JOHNSTON ANDWA

l STOCK BROKERS AND BOND DEALERS ‘y-Qiw-s-k--. . ' _ .. MAMA l B ROGERS. .Ir., “ammo-r.

Summer Sh. finmmrrslal». I‘..0. “HY RM

The Democracy of

and.‘ the IlCli Only were in close tcirh vrifh means of Now, the humblest worker can invest his s11 ings on ih¢ 35mg The development of reputable brokerage liouscs and stock

Brokerage houses offer a safety, cﬁiricnry and rapidlly of business transaction, which could never have been developed Tbcy have assisml grcaily with llﬁllfiflil and 'llhc_v arc 1111 sill and a safeguard to

Tlill ﬁrm nﬁiords unusually wide facilities for investors: membership on five cxbl1anges—-t1.vel1e nllivcs, with private

The Financial Situation Market Still Confronted with Credit Problems;

Meanwhile Orderly Liquidation in Process.

(By James B. Clews) WALL St. New York. Thursday,

April 11 ERR-Notwithstanding the

ﬂdmlliiﬂily good prospects of business the general sound financial situation a process of orderly liquid. atlon has been in evidence during irccent markets, and the result has ‘l-WBH B quite Icnernl tendency to Fﬁldlustment. This has been working itself out _ in a conservative way. with every indication of wcll main . taincd confidence in the fundamental lvslues of known issues. One result .3135 b3?" fl condition of comparative llluilc. which has contrasted sharply with the excited sessions of recent weeks. and ls in many particulars r vcry welcome feature of the situa. ,ticn. Investment values for the llmmcdlote future. however, remains rile heretofore. directly dependent ‘upon the credit policies cf the country. and these are apparently 110 nearer to a definite basis Q1311 they have been for some time past. It remains true. therefore, that credit Dﬂblﬁmﬂ and remedies for the iccurreiit scarcity cf money. con- tinue to occupy the chief place in the thousht of the financial community.

mnscrtcni. QUESTIONS ens- l SENTED

Immetiately practical questions have hnzvcver also presented the-sn- selvcs, 0f these, the most conspicous is the decision cf the Stipreme court of the United States in the Inter- PQTOUBII M58. The decision is com- PIBX: and while. the outstanding llﬁﬂlllro of lt-thc refusal to validate n

lmind and has been responsible for fhﬂrl? recession in the traction issues

iforesiglited financiers have naturally

.becn more concerned with the 1n- lthere has been any modification oi.’ {altitude ln the position of the Court as to the Proper rate of return on Ipublic tcrvice property. As to this,

Mariners, 111..~..1"s/.n Kltdanir, 1...”. rm Exckungl, Jluurla/ cub Ami”, Winn”; Grain an)...“ 2 Cheap Board of Tr 4.1a

ltortunatcly. there is 110 indication of ‘change of front. for, while the ,Court regargded an 8 pcr cent ,1'etum upon the Property of the

jlntcrborcugh as without warrant. this vlcw was expressly conditioned upon the fact that it was proposed

li-

Prolfit Possibilities

with Security

An investment company oﬁering an

INVESTMENT FOUNDATION. LIMITED

PTOWHY Wllvse ultimate title vests in the city. Indeed. a close reading of the decision seems to show that the opinion is inclined to test the adequacy of income by referring 1t to initial investment costs-a. conservative view which may fore-

Case. While the outcome of the In- terborough decision ln thus disap- pointing to those who had hoped for a. solution of the traction mud- dle through Federal intervention, verdict reveals the

the principal mills in the Pittsburgh j district being fully 95 per cent. The revaluation of the copper stocks naturally has far-reaching indlrzct effects in allied branches of the share n-icrket. Oll stocks have also eben subject to some irregularity and nervousness. on account of the ap- parent deadlock which has been pro- duced with regard to the proposed plan for regulating output and pre-» sumably prices. which had apparent-j ly started off with so satisfactory a prospect of success. There is evid- ‘ently a great deal to be done before the stabilization of the oil induswy becomes final and thoroughly effect- lve, yet the prospect ls unquestion- ably for bettzr than it was during the early weeks of the year. Doubts as to the attitude of the Admlnlstra-l tlon with regard to the application of the Sherman Act. and of other anoi- combinatlon or anti-monopoly pro- visions, have continued to manifest themselves. point being given to this feeling by reason of the reported dis- approval by aduiltiistratli’: author- ities of the proposed purchase of the communication service of the Radio Corporation by the International Telephone and Telegraph Company. This attitude. toizcu 111 conjunction with the apparent hesitation of of- ficials to reach an immediate dc- cislon favorable to oll control. not- withstanding: all that has been said by public authorities on the subject of conservation. has naturally tend- ed to increase the differences cf in- tcrprztation which were already common with regard to the new Ad- ministration's point of vicw cf the

edly as one of the topics for inves- tigation by the new Commission on the Enforcement. cf Law. has es- pecially awakened interest.

Urgent.

Behind nll of th:se current devel- opments in general industrial pol- icies and problems, the credit ques» tlon remains as an tmtlerlying fac- tor of continuing urgency, The 5:33- ment issued by the Federal Reserve Board at the opening of the wcjzlgl merely reiterating ts former u‘ti'.< ude, and suggesting the possibill ' of further action in the effort to maize its position effective. has 17am

the departure of the Governor o.’ the Reserve Board on a lengthy tour, has naturally tended to strengthen thc same impression. An increase in the closeness of their scrutiny of loans on the part of‘ New York City banks has been I'll development of the week. and there‘

of notion in the czidaavor to put the brakes on" the use of credit. N(‘VE1'-_ thelcss. as the subject has been,

TIHE. (7.5 " '" “TTETQWN GUARQIAN ._

ll

< - ...... i?

We Oﬂcr

W450,000 SHARES NORDON CORPORATION, Limited

Incorporated Under the Lowe of the Dominion of Canada

nun OFFICI-Iz-Vmcouver, or;

‘l CAPITALIZAITON

ADMINISTRATIVE OfFlCllSz-Cslnry. Alma. and n» ma». Gullah.

Authoriud—5,000,000 Shares of no par value. To be presently issued, including this offering, 2,000,000 Sharon. The Company Has no Funded or Other Indebtedness.

REGISTRAR AND TRANSFER AGENT: Montreal Trust Co., Toronto, Wlnnipegand Vlncouycr.

DIRECTORS ‘ *1 l

Glen M. Ruby, Calgary, Alberta, President and Gt-nrml Manager‘, fﬁfmrfi)’ Yictv-Prcsiricnt and General Manager Hudsuns Bay Mar- lanrl Oil Cn , Chief Geologist Rocky Mountain Division Enipzrc Gas and l-uel Co., Chief Geologist Marlanrl Oil Co. of Colorado and Geological Department, United Slates Geological Survey. C. G. Willie, Lcs Angeles. California, Managing Director nf United ates properties; consulting geologist and engineer, fnnnt-rly chief n1 to Director in charge of Geology and Research of blarlantl Oil Lompanics, forrncrly geologist Associated Oil Co., Director St. Louis Royalty Co. Samuel R. Smith, Vancouver, l].C., Vice-President and Assistant (littoral lilnnngcr; oil ups-rotor, formcrl,’ chief of Land Department. Hudson's Bay l\farl.'tnd,0il Co. lnhcrl S. Moran, Los Angt-lcs, California, Consulting Geologist and Engineer; foruiarly Geologist Standard Oil Co. of California.

NORDON (IORl'ORA'1'll')N LIMITED is a Canadian rnmpuny, acquiring the prupcrly of Nurrhu (‘ivrpcrullon and ntlicr valuable oil lcnscs and royalties, (Icriving substantial present inrnmc from existing oil ficlils of the lItiilt-(l States, tlin-rtrrl by tcrhnicril and practical talent of tlic highest nrtlcr. u-hith will largely devote its efforts to dcvclopmrnt of oil in the ﬁelds of Western Canada. Nurdnn Corporation ll-"JI its inception early in 1923, to acquire rrccptional opportunities in various oil districts of Canada and tin: Llnitcrl States. under thc guidance of lifr. C. G. ‘Alillis and associates.

PROPERTY lIOl.l)lN(}S:—-L1-;ist-s on 24,000 acres Illlil royalty unrlcr 70,300 titres on nit-on tliﬂintl nil areas of the ' l d States. anrl l0 0'10 acres in prospective valuable arms in \\ r-starnCanarla. Unitz-il Slates royalty interests include [lflfllﬁli nf landowners royalty in one of the ﬁnest. leases in the Santa Fe Sprint's field of California. Five wclls have here br-rn completed to rrcrntly discovered dorn rlllfl very proliﬁc sands, and thirteen more wrlls nrc drilling on the uunpanyls royalty ticrrzicc. In Nrw Afitricn, company owns royalty lllifllT 70,000 acres. in the lutc~t producing oil area in the United Stun-s. In TPXIIS, the latest major prniluciixg lit-Id in the United States, company owns lcascs on 7,500 acres in Midland county, part of which is now being drilled on acreage 1i - . :‘r operating companies of the industry .

rc 2500 rhvt l\'\‘|’l)ﬂL\1'lI('ll

rlavs one wcll rcachi-rl the aunt-ls and was hailing at 1hr rate oi INK bilTf-‘li rlaily, with prospects that a hig producer would be hrou_ .t in; leases on O60 arrcs in Pecos county. on the Fort Stockton "high"; and b-ases nn 1.000 arrr-s in Wan‘ rnuntv an thr- Soria Lake stru i" c.

owns the lcnsz-s on Nunlnn rn_v:1lt,v acreage. In Kmiiux. acre‘ tht- vicinity of the rccctit rliscuvcrv just north of Wlvhiia, (‘chiral Kansas. In Ohin lenses on 80 acres in eastern pan nf stat", wlu rz- .1 well within one mile 1.= just conic in with yield nf 100 barrels ui

gravity l‘ ' '.\ rrutlv (Ilhcr nrvurltirv iwrl /“1l-v'\ nrr h‘i 1i.': Saul/i Fr Sfvringgr firld’ um] in llfllfl‘! l".l.I(.\.'41'D

B. F. Ilakc, Calgary, Alberta, fnrrﬁlcrly Chief Geologist, Iludsoni Hay Marland Oil Company; formerly Geological DcpL, Marland Oil Company of Mexico.

Rlujor-Gencral D. M. Hogarth, D-S-(L, CJLC" Toronto, On- tario, Director; Director Sherritt-Gordon Mines, Ltd., Sudbury Basin Mines, Ltd., etc.

Cnl. C. D. II. MacAlpine. Toronto, Ontario. President, Dominion Explorers Limited; Director, Sudbury Basin lifines, Ltd... etc. Mackenzie Williams, ILSn, Toronto, Ontario, Director; fuvut- munt bankrr. -

E. E. Campbell, BLF... Toronto. Ontario. Director; formerly Assistant (icnrral lifanaccr Gizititiy Comnliilatt-d Mining. Smeltlng and Power Co., (lcncral Superintendent United Verde Extrusion Mining Co.

PRESENT H!“ ENllI-Zi :-- Royalty revenue from ﬁve wells in Santa Fr Spr ficld will presently bc at rate of FJCILOOO pcr annum, and talc 1s cxtn-clotl to roach 5500.000 per annum before the t-nd nf this wur, as thirteen more wells are Irving drilled on royalty lrzisvs. liurtlirr rcvrnurs are expected from 'l‘cxas and New lifcxico fields from wclls now drilling.

FINANCESw-llpon completion of this present ﬁnancing Lb: company will have in excess oi $1,100,000 in its treasury.

INTENSIVE CANADIAN OPERATIONS :-—Tl\c imme- zliutc objective of the Corporation is large cxpansiun nf its npcr- alums in the prospective fit-Iris of Western Canada, whore iLs staff, in possession nf valuable geological data. believes some of the most important structures on the continent may be developed

PRINCIPLES OF OPERATIONS :--T'he principlrs which have barn and will hi: foilouerl by thc Corporation in building up revenue?- n. r1 ury fur execution cf its policivs, uscd with marked .. royalty companies of the United States. will he gully arlhcrrd to, thus ifiminating, in largest measure. drilling vipi-ratinnv-lhe most cos ‘v and most hazardous branch of the x 1. - unrl royalties will bi‘ negotiated over a wide spread, uimiring l1i1r.:1r<l nf loss and increasing the chances of Lil

-.

r =- < r. : 4 r

. “fire C0l1fi¢Cll0llS--0fliL‘CfS oflnug tXl\Cl”lCllCC~—l‘ll\".1lC wire proposed seven cent fare-naturally trust question‘ The fact ma‘ ma‘ llvclullv. connections with leading ﬁnancial centres, ‘Lem 1e, h. , . - question had been named so pnint- ' Iivision b." is lit-um tlrillvtl by Mur- l p t 5' plate m ma pubuc hurl Oil Co. r1111] \\'. A. . lnncricff, nnrl whore within the past fcxv Th, ‘(',,,f,,.,,,,;,.,; i, m,’ u “any/Hm Unmpuny “"4 my ran/gm‘. i“ é

nprmfi/ms in ll-nl riirrrtimi mlrfv in nﬂsrl drilling whrrr xurh non- nrimu are impzmlivrly- demanded in prnlrtvinn n/ its knitting:

~rtnrs n1 Xnrdnn i-ni-ral Manager

-—-Thr standing of lhr rii

hanrtlctilary the question whether Cred“ and L” P ‘l I , In (lklnlmma, one-half of rcyaltv unricr 1:10 acres on lop n1 a a 1 tat highest orrL-r Pffﬁlfllllll arr _ ltllrct bearings Of the decision, n m‘) em Cnnhnuell cart-drill structure. in the Wilrnr sand urcn. 11110:.‘ Ilurlund O ' nmlvli-rlucri to be llu- tiulstzindi authority upon fWrstcrn C m!‘ \ 1t (‘Ff crprrivricc

(I G Willis stands rnrdcrl a portion of '11 ﬁelrls in the Lon ~ will he music . h “ill itirliulc

irs I\l.'inagIng l).r cqually J1 in the Southwest anti is gent-rail the rridit fur discovery nf several of thi- mizwr

'0 i Pirnm time to time, anrnrl ~ riliiv: I11 - ]I!‘T.~l)ﬂfl\‘l ul .1 Iiuurfl 11f (‘nnsiﬂln ml vxlit-rls vii tuntiiu-ntal uiul inti-rnuiion:1|r.,..

Applitrifion will he modr for lilting 11v: ILIIIIFIII and ll/l/ulrrn Shirk Iixcliangrr.

LIPTTHIIYIE. ivilh halftnnes and mans. rnntnirttnr: iiirlhvr rli-tails. carilv furriﬂirvi upon 1’I'qll"*'f.

cacti PER SHARE, intviiisitc

Trrms u) Sithxcripfiun

$1.00 WITH i\l‘l‘lllfjﬂt'lllfi\ AND $2.!!!) IJPUN HELIVICRY

OI“ (TREII'I‘IFIC.A’I‘PLS

The right tr rest-road lu rqrcl any umi u]! u;/p.'iaurn.~..i and, ...

Srooiu-Fonionc

Head Office

shadow the trend of the long has evidently been a somewhat BAYANDWELUNGTON 31s TOQONTQ awaited decision in the O‘Fallon _ gieeter approach toward harmony rn- rhrflvvv/vlv ».».~.-;~4 awn’. m s...“ ...». .".-‘~..-»..¢;~. Iwliﬁwf r» n, "min !.-.r o” .--.-.»-1 ..,.-...»@r>- n] w» h m» 1 ~ rwrvc-I

. a. _. to earn the B per cent not only upon’ Llgiflgfxitggy m; ‘if gimme; F \ . l v IOU B‘. ‘IF HAY BF MADE rHRfillliltl “.\'\ l1 fll'l\' BRX 4 lib‘ \.\'I> lf\\l'7|"f'i‘l\\'l1l-', lib the Dropcrty Bctllﬂlll’ 09101181113 l0 nothing lmmedm, .5 lafanfed Th“. 11's <1\\\: liRflhFl srlnvitiuilnx‘ hunks \v11.1. illrlllPl-‘Nfll sr THE v1.1» or 1-‘ ' " l ‘ ' " l. G '(. l l‘. T. >l\‘.\, .\l'l{ll. Pl. lflfl). \‘\|- .\I\\' “Y. FIIISI lI l\' Till-l‘ the Inlerborough but’ also upon l1l.~.1il<\l.“l'1(i\l‘,llillllllfii wlv ‘l u" lui-‘viuw nrn1\1\'|-<~Ii\" \v\\ 1 iwzv l l‘

..., teem, Lu u...» olrrnlitl .

Cnrlf/le Secm-ities Corp, Ltd

,..'..,.. ,....,.> v ,. *--r-,\x_

1 1 I

NJF.

lief in tuiqucstionabli; crzccllcntl btzsi- I Ban‘: ‘liar.’ “ .. . v Studied more and “lore clmcly" m i 1125:; prospects. .8211’; Nova Scatfn 431 lncomparison with the use of credit MARKEX. REVIEW AND OUTLOOK _

_________

.1900 1.505 -

- - - study of the __

opportumty to share in the prosperiti/ Con" ‘ls constructive and Conger“ limo-flirt. (fiitlgds. thiéret hash bean a The l,q,,k,,_,,cn ,0 “ma, Nfugng, ..., ..., q-

ot Canada, with the added security of “we m "s Emu“ toward the quw ah . are _ uugriién: n r, ‘ mos- y ___ . . 70o ...:

a . . . . c o n1‘ mc e '-~ . . z: -- . - ., ,__ .. -. ~....... ~ "

diversiﬁcauonand Skilled and SUCCGSS- tion of earnings on invested propcr- the growth mnme zrszséyjygrlxald L “collllnheﬁ n" P530}: 11.1’. 2:1 1 ‘Pt-mgr; . . 4:

. . - , - ' —-—— . . , . . , _ , , , , _ , , _ _ _ H117, ..'la 72a Sr-izc no . . . . ..

fulmanagers . .. capableoiincreasmg éirgssliﬁiizlylapggltntzgvlfg" o”; count. 1t Ls recalled that. invesligzi-l - _ l...‘ __ 1,3 .33 symm, Gonm, __ 55g s50 -

the value of your investments as they the m, that the decision is “mun or the Federal Reserve SjostPm , Stock Quotation“ .4990 191s ‘Slscoe ‘l8

. ‘ _ e . a.‘ n. .. l ed ,,- ' ...... --.- -- . _. .. have their own. ently inclined u» emphasize the dlf- gregatilllrzl,‘ $1200? 0330,? lsrlllmoff l ___ u i “i~‘ f",,flll_‘_ll“,il" ficulty of ascertaining with accuracy, l Y l ' ' "' _ HALIFAX Ami’, n _ Q “t. n, ‘ .*‘_ll““l-_-‘ *3" l ‘

1 A strongly sponsored investment "true" or "present" valuations with 2328i"? ZQlQiEIUrZinkS ‘Zullrid; fiivnlshe’! bv Jshrwo-i ~30 um‘ ’. - . :1». 4° 42 ﬁvlvﬂn"? - - m _ _ , _ _ C011 B5.— _ t “ ~ ‘“ ‘ ‘“"‘ " _ 911, 103 109 Terk Hurhes I 97535125395 of unexcelled caPm-l leliﬁecxshcglgpilg:lzfogorgso?‘ pfoosg fact which was then called to the ll"*°m"°'“5 Mcrlirml 5mm ' l 91-, liootcwav Florence 16*» 17 lTorvagmtibc .. 220 22 l

w u 5 - _ l ' i l' .. - _ ~- 1 , . . ~. -

gtrucmgg, period M, mvesmxent and remvssp Etllenlfiﬂn 01' 900N955 by m’! BORTCI Link: Shore .. ......5c0 2on0 ‘Treaclwell ‘lunch .....1.-...C 1350

~ met as evidence of its disposition w sup» New “"11 Exshenﬁ 0M1, ‘ lVIBlJYt" . 40 41 Thompson Cadillac 1a 1B - df ' l‘ ",1 It .fll ‘ltl cits" ' A .0‘ C.... ........l39‘. .. . ,1... n ‘ r << _ ' 2'.

yo," “m; (ywgfmtntbﬂnhcrtuill. habitual-um: Zimilnrfuigatiig; u é 2L1 1 no Joni Allg_c;‘ilii&r;d CO 99 s 1 Ma, .. 4.. Land,‘ .. 14a 14:1 ‘Venuiios l. 10.10 101; _,_, ~mmuh h" Mfumh" of t)“; attractive s¢c . copper“ on,’ “Id others‘ ~ - 0 @1195 0 ‘ » Y< ~ July _ _ , _ _ _ __ __ a; , iflunitoon basin 43 4.: lvipond ... 110 1 . '7 ‘I public farm mortgage bondsdn the ‘Am. Locomotive Co. 119 ism“, __ 431, lvlitiiiig Corporation .. .. 4S0 4S5 Avast Dome Lek 4'5 4H

' \ ' United States lo-duy are hi the l Amfl Smelt. 8.: Rri. co. 103'.) Vurriv “ 2: wlhuiru] .. .. 7 7 ._ T, d“ l f, n .b_ ‘ , .. ,._ -- .. y

n w l” “"55 “l ,° n“ °ll Pl° ntigliborhood of sisaooooooo. whilanllui. Busch Milll. Co. .. a1 l “'||;;.1_';~ ixi-imarniii .. a7 a1 lwri-h. Il'.\1';;l\£l'.'(‘.< .. 11:0 185

A g O m“ “ml ml ‘Ms °" pllbll“ “l” t1" t t 1 l ~ 1 t t t A‘ c M' o ' i "l l i ~ ‘ _ e lugs‘ has nets aloneaslracto, l~ M‘ “M” ‘"1 Th‘ esfwmm" -‘~ “P- “1- J- l-alflb/lng’... .‘..1:;1 - - - wild . . . _. . . ... _ - LIMITED m the week's market development‘ gags owned by institmlons are es ‘N.Y. 0.11.8. l111d.R.\.1 It. ft. Ida's, July _ _ _ __ _ _ _ _ __ 122 -- ~ c tzmated at not less than $l6.000,000,- l Con Gas Co. (bro-v ‘fox-hi .. .. 11o“: l Och _ _ _ _ _ __ ‘yw " ' ‘l l ' ' “l - 111°43'11"" Bank?“ ﬁllgzgwwggillnétigltlecmze: silszgg: 000, a. figure probably not over half Hudson Motor Car Co. 8R l“ Mmnreal _ Reduction in the price of copper on the mull °l 5"“! Wan-s in existence, 1 International paper Co. 551.

When the great expansion of the Stan. Oll of New Jérsey ... 5871a l ' ' _~_ the pa“ o’ canal“ "He" to a “g- present method of financing busl- I Roading Co. 103". ' l‘-’I

ure of some. at the some time that A Bargain in InCOme

ma; by means or securltie; i5 tukenlUlll011 Paciﬁc Ry. .. .. 215‘; degggveliy trweglnngiiotltlzrﬁiet ‘t: into account, the result inevitably is l U. S. Ind. Alcohol ... .. 167 ' ~ m n e m ‘ to minimize still further the enlaa-ge- l Westinghouse Elcc. ... 151“; Th“ “Him 7km’ °hll‘l““l’l' ‘"1 mlhnw‘

investment securities are higher than at. any period since I926. Canadian borrowers art

l . naturally resulted in sharp recess ons Quotations fumighml Hwouw“ “up

186". k tesy 0t‘ Atwcll 1&1 Co., Charlottetown ‘,1 ‘ l

the a I the co r shmms merit in the brokers‘ loan accounLlUnited States Stet-l on p“ o We ' ' of say $5,500,000.00!) (Reserve figurcsi

New low levels for the year in tin. ,, _ , __ l _ .

, ._ other non-ferrous metals. have tend- Exchmge now ‘roughly emmngd Abmm _ 4 ‘ ' ' _ ‘ I ' u U “u, 1 Abam 235 23B * . loans ln expectation that bond prices will ed to accentuate the weakness of the “round "120000000000 Ye‘ n: is Industrial Alcohél ' ' ' 37 ' l, Acomiln l I l l i L l l’ 101; 10m strengthen materially fn the near future. “ml “m” l“ “ ‘mull’ Wllll” “ml desirable m l-ioldlthls s; well 1.. oth- Mis Kan s.- Tcx n: l‘ l‘ ass lAmlty copper-l l 31W 31':

' ‘nu "on “mo” alum hue ‘mod out er forms of bank advance wlthln MOIlItYEHIiPOWICI‘ 107 lAn111let .. 190 .190 i , In view of tlils flrﬂrlblc WW9" W "l! u ‘cum’ Wm‘ n’ bmk demmd “d l investment market. many experienced in-

{Apex ... ... 3 3 {Area l4 l5

reasonab: llmlts. and the efforts that National Breweries 141

“rm price‘ m through m’ "at o! are now on foot for the develop- Winnipeg Electric ... ... ... ‘BB

w‘ hi." ma‘ dock m b‘ “m” at . an," vectors. both corporate and individual. are

l , . -1 - products. the occupied capacity of _, . l "- -*"- We" “.2 "flimtt- 21.22.11. :22: szzzizrzrr. 2.8. 1;"::;~..~...~.;.;.~ z: if ~- r ' l ,' PC ... ... ... .' 3 -~- ~~- ~- r ‘ * plﬁgmd h" mcorfportltiiel Irzlief ' I 5P l l F L U thle London syliatenil would doubtrss Steel Com of Canada 58"; Bcdford 6Q 5g portunity to buy future Incomes at a hurlin- muh“". “u”. or ‘ ' result in s. considerable curtailment Shawlnlgau 7'1‘; Bldswﬂ 34 35

We will be glad to mike suggestion. _ ~~

Big Missouri ... Buckingham .. Bunker Hill ... . Corona...

Olaima Many Victims in Canada

Bqllqh that is your: for the ukinS- ' and should be guarded against.

a s .. iz is

......“ ab -.

in the volume cflonns made for the Dominion Bridge .. 106 express purpose of day-to-day trad- Massey Harris . . lng. The fact that business remains Asbestos

z l l .---__-_----------

l\IWnqsL1.as

Inmmlmt Broken " The House o} Service " Head Ofﬁce: e10 St. m... $2.. Meow-l-

COMPANY

Minards Linimanf

l1: a Great Preventative, being one of the oldest remedies used. Minna’! Lfnlmmt has relieved thousands of

trade, illustrated for example by the

as high as it is. with increasing car Con. Brewery loadings and other indexes of active Building Products ... ... 38

largo unfilled orders of the United British America Oll ... 51%

... ... ~-

Castle Trethewey .. .. .. 35 35

Capital Rouyn . .. 5 5'5, Power Corporation ... ... 105W CREW 5- Mines 5 5

Eastern Securities Company INVESTMENT BANKER!

Lid;

ll’; cum 0f GIIIJDI. Bronchitis. 801'! 1;,‘ y, 1 M; lg, b; 51 51 o’ States Steel which show. 4.410.000 Imperial Oll 116.. C911 1'8 n 0 --- ._ ...": mun nus m s cow of W" PM“ B“ll°"“ °“ ‘l"“' wﬁlf§ﬁfrélflw tons as of April 10th. furnishes ab- Chaput Hughes . .. a a-- f Wlrltmw"

l,‘ ,.- ~ . or bottle: being used u‘... day. m undant warrant for the sum um BANKS clerics -- 11 1° l sr. John Montreal Isllfu- v.9

I}; m,_"f*ﬁ¢iﬂoo4vqyﬂ -'"°" “"" l" “"33"” l" "mm, than‘ will be a oontlnultlon of the conlgns .. 150 145 a

“MM? “an l l demand for good securities. when Bank Commerce .. 34m Crown Reserve .. 3 3m y __I g

gf |ggg fgrsale. based upon the bc- Bank Royal ... ... ... ... ... 309 lDgme H, n. ... ... “.1010 1025 ' -. ' \ .

. _ , »

. . . ‘H s.“ ,