run cnssnoirrsrowiv GUARDIAN

S TUCK and B

0ND i 6U?) TA TO

.,reaoio' i.

EXCHANGE

. (Canadian Press‘ MONTREAL, March 4- rltiah and amigo exchange in relation to tha

aa

——""" ‘ ian doliar aa compied b th ““”||..= Boyal Bank cf Canada coaed lode; t We" mu c a n» ‘

§-,g-..:"""....':.-..::':..... "in-w- isaiiii-sriii. ...uatrla achillla .1032. W" .....__ lolgium hslra so. 1” “a lraaii milreia 0040 . Sell '.i‘el ... a s“ hlna Hon Kong dollars .5004. Bras TwliuPlflf --- '1'": ”% m Saochloalktav: a crozviu‘ .0427. =35: - = .::..:'....:.°":.... “~ B cg ' an‘ g, ilermany relchamark .4111. w“ Prod T“ 7 treat Britain pound 4.3117. w, Car Con: . Holland fiorln (i022.

Nat Steel Car . .

Hungary penge 2030. India rupee 8082. Italy lire .0808. Japan yen 282d. Jugollavla diuar 11%|. New Zealaud pound 8.8823. ioaway krone 2410. d llotl .1038.

nllmnnln 1Q“ °lm_ outh Africa pound 4.7001. pain peaeta 1397. i-weden krone 2482. Ewitaerlaad franc .2317.

United tatea dollar 3i premium

Closing exchange rates:—

Al. Montreal-Joann! :81 5-10; U. 8 dollar 1 00%; franc 74.

At New York-Pound 4'17; Canad- isn dollar 00 1-10; franc 0 08

E

per cant

Power Carp --~ - - m At Paris-Pound 7000 fr; Canad- Quebell Pow ... ... l“ isu dollar 14.88 fr; U. S. dollar 1a p5 n paw corp -~- - fr. 5g Law 1' 5 In gold-Pound 11a 6d: Canadian - 16% lightni- as 1o cents; u. s. dollar as 2o '— c n a 11 NEW roux, uni-en i-Forel ex- 5350 change irregular. Great Britan do. mand high 4 77%; low 4 78%; close 4 77; 00 day bills 4 147;; France 6 68; 1w Italy S47; Bel ium 2007; (iermany 13"’) 40 73; Canada 1-10. ai ... .. ~ will of Canada ... b7 b8

PRODUC

wanndlara Preaa)

MONTREAL. March -i-—Pricca. of "gs continued easier on the Mont- real dairy and produce market today ‘m. another drop of rwo acuta doren. Graded shipments iu narlois or lar were uoted’ at 27 to 2S cents a

B medium and 1 The butter market held unchanged

at 5 to '25)‘ cents a pound for car- lots or leaa of no 1 grade Solids sold for 20 cents a pound and prinia for

27 eeuta .

‘No 1 Ontario cheese continued at all‘ to 111/; cents a pound for late- fail make and 12% ranger. . l the potato market No 1 t‘ i-i-icc mountains brought 50 to 06 CQliiu per so pound. New lii-unswiclr itiountnins 51 to 02 cents and Prince Edward laud iuauntaina 00 cents. Que- bec whites sold for 45 to 50 cents

MoiiOWAIPS Mid-Winter Sale

(loiitinuos Until March 9th.

owing to Weather, and Road Conditions.

Professional Bards

McLEOD fir BENTLEY W. l. BENTLEY, K. C.

I. A, SBBNTLEY, K. C. Barristers and Attorneys-at-Inw MONEY TO LOAN Oifioe: 100 Ilichmond Street-

BELL i8 MATH] ESON

I. l. Boll l). L Mathieaan. LLB. Barristers A Solicitors Money to Loan ihareron Block. ChlIIl0lfQhaIll.P.l.I

A- J. HASLAM, B.A- LLJI.

BABBISTEB, SOLICITOB, ETC. MONEY TO . New Brace‘ Building

MacGuigan & Trainer

Mark]. MacGnlgan, Ii. 0. b C. St. Clair Trainer, B. Barrlsterl; Solicitors. e

MONEY T0 [DAN

Office: Over Provincial Bank,

liehmondStreet, Chub-thump,

M. iiiacflonald, liJl.

aaaatsrsa. soaicrroa. In. llilsy Building Charlottetown. P. B. Island. ‘N!!! to Loan and Collections

ll th ‘vsdtsllxmoantvhflry heat attention.

H. F. MacPl-IEE, B. A.

NOTARY. no. sasaisrrn. soatorron m" Batman. Charlottetown

to 12% cunts for

L1 was 1 Of...

(Canadian Press) MONTREAL. lilarch 4-—-Offerlnga on the two Montreal livestock mar- kets today totalled 4,024 head. Cattle receipts were 1,103 Cattle trailing was fairly active at prices estimated to be fully steady with last week's quotationg Cowa and the plain kinda of bucther cattle. were, if snythinil, a shade higher. Good steers made $176 to 00.50 or bettett liicdium steers were from $4.50 to $5.00 and common steers from $4 to $450 Heifers ranged from 03 to 85 50 Good butcher cows were $4 to $4 25 with medium kinda from $3 2b to $3.70 and plain butcher cows most- ly around $3 Cannera and cutters aolil from $1 {l0 to 02 Butcher bulls sold from $3 50 i044 with a top of $4 no ullologxia bulia wwe from 2.50 good and

to SJ Steers up to 1,050 lbs., choice $5 75 to $0 50; medium $4 00 to 5.150; common 8i to $4.50: steels ovcr 1050 lba_, good and choice $5 75 to $0 b0; medium $4 d0 to Sil 00x $1 to 8i 50; heifers, good and choice $5 to 85 b0; edium 84 to $4.- 75; common $3 to $3.76; good 84 lo $425; medium Si! ‘:5 to $3 75'. common a2 25 tn $3; canncra and cutters $1.00 to 82' bulls, good $8 00 to 04 00; com- mon 02 00 to 83 25. Calf receipts were 1,071 head. Cal- ves were Just steady. Good veala were

quoted at $825 to $8.50 with med. lum ood kinds arauud 87.75 to $8 medium veais fro to

and u? m s1 2s 50 ummon light vesls sold down o 80. The bulk of the anlea were ba-

PilliNil iiiiiiis SPlli_i_|iilil

By Frank iiIaoMillsn, Associated Press Financial Writer (By Guardian's Special Wire) NEW YORK, March 4. - Stocks and corporate bonds were mostly. neglected today, while the financial district stood by and watched the gyrations of the pound sterling in the foreign exchange mar‘ ‘ The pound sterling broke nearly five cents against the dollar in io- cal exchange as uneasy short-term money continued to flow out of London, but in late dealings a sharp rebound occurred as short covering made itself felt. The final rate was less than s. cent lower than Saturday's close. Gold

mines lifted substantially.

Shares and corporation loans drifted idly lower.

Stock transactions were held to a minimum by most traders, who ap- peared somewhat restrained by the fireworks in the foreign exchanges. Turnover aggregated only 422,930 shares. The Associated Press aver- age for 60 stocks declined .8 oi a point to 87.5.

In the Canadian mining group Hoblnger slumped two pcintswhile Dome Mines and Lake Shore yield- ecl more than a point each. Frac- tionsi net losses occurred in Mclu- tyre-Porouplne, International Nick- el, Noranda, Hudson Bay Mining, ‘leek-Hughes and Wright-Har- greaves. Elsewhere in the Canad- ian list losses ranging up to a Point were the rule. Hiram Walker was shaded s. point. Custodian Pacific, Canadian Marconi, Distillers-Sea- grams and Imperial Oil showed frac- tional recessions.

- MIN NC

(Canadian Press) TORONTO. March 4-—Gold shares dropped more than a ,point iu the Toronto exchange index today aa profit-takers flooded the market with their offerings to give prices their first setback in acvcrnl sessions. Voi- umo exceeded 1,000,000 shares for the first time lu four months Silver and buae metal stocks also closed lower. The market started off well, sup- ported by a new jump of nearly two shillings in the London price for metal, a gain however which was part- ly off-set by another drop in sterling. Before the session was a hal! hour old holders who were in at the start active stocks of the rise begun to unload and the moved back. Iiullinger was juat spectacular iu its drop as in the a vaacc closing at 1825 against morning high mark of sou 2b. net loaa for the ilay was 1 80 and 22,000 shares of the stock changed hands. Dome trailed with a loaa of 1'0 while Lake Shore weakened $1

tween l1 and $7 so Crass calves were moatldy N.

Good an choice veal $5.20 to 28 B0; common and medium 84.50 to $8; gralaera 28

Sheep receipts were ldl b Lambs were practically all bucks wcro sold from $0 0o W 76. ranged from 03 to ll

Ewes $3 to 0d;

w Til.

Hog were 1,080 head. Hogs werc 25 cents to 85 cents lower than the close of laat week. Bacona were sold at $8 25 fed and watered, with a S1 per hog premium on sclccts. Butchers, heat-lea niiil lights were 07.75 and extra hoaviea $7.20. Sowa were from 2i 00 to 27 b0

MONTREAL. March F-Currencisa on Montreal foreign exchanges staged a general rally today with the pound sterling, the United States doila and the French franc all showiu ga na.

The pound advanced 1 11-1 cents at $4 Bl 8-16 to recover a part of last week's broad loas while the dollar was up 17-32 of one percent at $4 of one percent premium The franc roan All of a cent at d 74 cents.

end. and Sheep

ambs, common $0

Eastern Locals

..°Thla column is roaarran for new: of local interest but advertis- ing of n newly nntnre may be In- aartad at I eanta a word strictly payable In advance.

. . ‘SUBSCRIPTIONS to ‘Hie uiiarlottetowo Guardian may be ‘ to their Rept Archie Hume Phone 47. or left at H. J. Nelson's Drug Store. Montague. L-‘i

..'BOBIN IIOOD CHINA OATS —Better oats. Better china. All grocers. L-2740-1l-l2-26-2 wks.

iii

..'ALL BILLS of the Estate of the late Alex J. McLean, Head Mou- tagus Mills, murt be settled before March iii, 108d. After that date books will be handed over for col- lection. Mrs. Mary McDonald.

i L-bilfi-S-B-O-B.

Oalarnliflaaadtna luv-ill. 0| par

‘Flfmli-airlvriaga. Carola, l" lliii Natlua of Thanks a

i’ Advertising Rates-Payable in Advance

r wanl- anaoaaeamaala and Coming lbaata la I In llemariam Nation-a. ‘Illa per inohr as pq aann Iataera of Condolence 10a Utah I! 0O

“I! other rates on apaiiantlaa til-am Charge for an; advertisement twenty-five oanta.

warm tta-u-rn all Eastern larala, lo

supra-lat an. 10a par In .

For Sale

OAlDBOAl-D SUITABLI I0 lining outbouaaa. ate, tr per ‘about. Guardian Oifica. if.

ma sans - is ton BAY. l0 T0" straw. more bat!

a a

O a L-Mfl-I-B-li.

WE sins - AULTilUNmFOiEI‘ x- d waist

pa". ma" Icon-

III Can I Jl “ia. .2: son aaui-artmrr-rrva sons oflio. 1 n Tinsel-ii!

Aisofour onslmllflfilifli-AP: ,ill sol-tandem. w‘; a wML-lilt-l-d-li-

i . McIntyre 45 cents Brslorne 30. Pioneer 15, Tech ifugliea 13 and Wright Hargreaves ii

TORONTO, March 4—

Stocks Claae

Acme Oil ... ... .. 21 Ajax Oil . ... . 80 1%

Buff Ank ... ... ... ... . Bunk Hill ... ... Can Mal (Yariboo .

gotila ‘Lake

Goodfish‘? Graham ...

. .000 UNI-IIIID

Us an III are aaa an

222mg] no aaaou la

with a few exceptions.

III u.

The

D

, (By Johnston and Ward's SIaaiaI WIN)

IOINIIG I-AIKI’! LITIII

NEW I03 N. 1, March 4—Ex- ce t for the a roa th shown by the god aud silver aauea, the "sugar atocka and a. few specialties prices did not change much in Saturday's market and the volume was small. The further decline in sterling and the speculation that any substantial weakness continuing in that. cur- rency might, lead to further devalua- lion hero probably ' iuonced [Willi] of the metal iaauea and may ave hel d to auataiu the geaarai list.

a bond market was unchanged to fractlonally better. The course of star and the whole subject. of ia- ternationai currencies .haa become such a matter o! wide intnroat again that we would expect in to be a fac- toa of some importance in the secur- ities markets here until more in-. fiuential, domestic developments oc-

CIII‘. Laidlaw and Company. IUIIAB!

NEW £03K. N. 3.. March 4--Gold Bara quoted ia London market at 148s 10d against 140a 1055a on Saturday. Dollar opened in London market, at 33,1556“ ‘ganglia ‘puouud against Satura Uoco Cola Co declares uartcrl “M90110 0! $3 on common q placin: stock on l8 annual baaia against so previous . Year 103-1 net profits $12,- iiiaiii ..‘§l...'.“ .‘é‘l‘ll;‘°.'s 1'3." 101i “"' l ,1 " liiagaaiae "Steel" says Steel we". "M" dimer our week declined 2 aoiuta to 48 per cant of capacity. resale. ‘rats-visa. “a: w iltfitrle from the kJanuary ‘level. V", reaaury ma es exchan 20-20 ‘year 21$ fercont bonflarof 1955.. W) 01' the l .860.uoo,ooo fourth m Kerucreii; honda called for redemption pr ‘ta offers o ‘year 1% per cant notes a exchange or 1d months 255 per“ cent rliotea due March 10, both "if; iron c "- =*=~--=~ E ° i i? “TI. head of National mergeacy Council, in unqu- go . glint on at the end of a lpgagh g; u“, South Forum in Boston last ni ht said if we are to assume t at President Roosevelt will pa Pfgglflgnl

offer of

be no iufl ti in thi Franklin I‘). ollllooaevelt. ifioggldldgiltlf)‘,

Hill! Low Lin!‘ 0|!

30 Ind

. 103 (i7 102 92 1M 22 .05

2o Rails 3111 so so 30.91 1o 2c Util 150s tasu was ,0,

III h '

40 Bonds ' n" 0:07‘ F17) Dow Jones

IIANON SAYS

.MONTREAL, Quc., March 4-Stori. lug recorded another sharp break on 511111111111’, but the nervousness gen- °m¢°i1 b)’ the development did not; dia- tut-b the how York prices. Prices re. iunined firm in this centre with the turnover limited to 270,480 ahares for the aeaaion.

Probabilities continue to favor the view that stock will stage an advance from the current area. The market Wfilliecta are favorable and atill Jua- lily retention of holdings and tum,” accumulation of stock recommended l Gold shares were aggressively igught. at the ace of a two million ls are day on urday, The major ssues progressed less than average after Friday's sharp run up w)“ secondary iasuea were bong)" m". actively on Saturday.

How low sterling mgy ‘o beg," the decline has run its course entire- Iv is a matter of conjecture, but that gold ahares are headed emphatically higher there ia practically no doubt, Market; actions suggests very sewn‘. ly that important interests consider gold shares exceedingly desirable 1195K" against the monetary uncer- taintiea of the immediate future Continue to stay long of galda and enlarge on all minor dips. Buy i’..°..“‘fl'..3.'.i‘i‘$";‘€a ‘iv-me-

Banon. BAIIING SAYS

cossm

advance in Hay whoa tought to start about Tuesday‘, Cotton closed na- ebau and at advices hold good.

nduatrlal averages went a le

day and practical] meudatlona made

acct a rather strong mar et Monday and a steadily rising market, with only moderate occasional ” ‘-

till these averages are about iii points signer, which should be in about ii weeks from now. I hope you utilised all little dips of the past 2 or ll days to buy the atocka recommended thia

week.

Phillip Morris closed 1,5 higher and all former bulliah advices hold good, buy around 30 w is atill able.

Col. Carbon, for which I

since was 70 rose 81 p more, eloaiug at 70% atill a buy ar- ound 7 . U. S Rubber pfd ahonld be b at or below 84 for near b0. Am. I?‘ sign Power 7 percent, preferred aoid at 10% and la atill a bargain there.

Gold and silver atocka made fur- there advances and should he held for atill hi her prices, but I would not climb or them on bulges, as they are already up aix to 1d points each since we told you to buy them on Jan, 14 on any break the following and they made the year's low Jan. Ill, if you ought them Thursday, as ad- viaed Wednesday night, keep long, but don't pyramid except on load setbacks. -

Look for some favorable -lio Ilalla thia week and fon a consid- crabie rally in Atchison, Nickle Plate pfd, Southern Railway pfd. and come Southern Pacific etc

On any little dip 1 a ain advised the purchase of DuPont, use Thresh- lug, Johns lidanvllle_ Loews, Celaneae, Gen Electric, Westinghousms Corn

8

ought or.

IIIWI Uh.

Products, Radio B fd, U 1nd, AL, Sears Roebuc , Montgomery Ward, and the other atore stocks mentioned la recent letters. Union

Carbide and the sugars are also good. Baring

BANOIWS “NOON LETTER"

MONTREAL, Qua" March 4—'1‘h1s morning's slow sag on little volume of trading adds to the evidence fav- oring advance from the currcnt level. The bullish action of the sugar stacks may be attributed to the strong up- treud stabliahed la raw sugar fut-

rea Major utilities in electulc power and Rea have in ths last few days been hard at work preparing a mass of holding company data for submission before the House Committee on later- state commerce iu Washington when their inning comes for defense ag- ainst the proposed Wbeelerliayburn Antl-Utisity holding Company Bill incidentally members of the Com- mittee are assuming a more tempor- ate attitude towards utility organi- nations. Brewing Corp of Canada ro- ports operating profit; of 221551208 for iscal year ended Oct, 81, 103-1, net loss amounted to $106,164. improved retail trade reported from virtually every section of the United States for past‘ week The economic index pialntained by the Dominion Bureau of Stuitiatics showed a gain of about 4 percent for last week over the week ended Feb. 10. The increase in the economic index over the same week of 1034 was 12 8 percent The fact that there was no rush to buy baby bonds iu the United States on the f rat day of sale should not indicate that these bonds will not necessarily prove popular The bonds will be an sale for several months and interested investors therefore feel that they have plenty of time in which to do their buying The U Treasury was reported aa the heaviest buyer of silvgp ln the soaring markets of London last

week

Now that Dome Mines has broken through 41 and early approach to m; 46 would be logical expectation. Holl- lngera sell off thia morning, may be attributed to the failure to pay an eX/tra, the stock absorbed selling fairly well.

Firestone Tine and Rubber C0,, earnings increased better than aver. age for the Industry in and a further substantial IIICKQQQQ i; dicated for 1035. The Company ha been favorably affected by the crease in sales of Ford cars.

This morning's correction in the gold ahares may be regarded as nor. mai technical action Subject to tem-

i:

Porc Cro .

1 44f ‘l-‘lilfigl-iii"; wheat pahnta flrata

“i” l2i°'l‘." .8“ -

533i wineter wasn't patents choice 0 d

“Virgo? v‘vhiia eora 08 B0 to 00 00.

Bran t N-

539813211... A l

In! d AIM mow Yong. . Y. 133a- 2-—Whsat gzlirlmililitiftiirflptiom n“ m“ w and corn closed $5 lower each and the gamut 1" 111.3, Markets At A i» c . lance E 1 5 (Canadian Press) $56 ltgiolronlto and Montreal-Industrial ' c a ower gag‘ glam" " ' - -- 1335 Toronto Mines-Lower. Luke M" "r "- H- - 27g: New York-Stocks closed lower. “be! o" -' Winnipeg-Wheat closed lower McLeod _ l New York-Cotton and rubber N Hawk _ ower, coffee and sugar higher. Oil Sei Park Hill . Pawnee K . Pond Ore

3nd “his CHICAGO, March 4—- Vickera .. wnfli“ , . Hltla Low Lnat ’ May ... ... ....... M15 Q4 01 . out use; (Johnston .aaad Ward) 5500i! Opened Lost 75% Abitibi . 1M 125 A B 40 .:::i....:::: 1' 1:»- ..* Brew Corp Corn ll I 4i iimw Cora Pia . 11 1o Brit Amer 0i] . 15 1g Can Malt . ... .. 80a S0 an Vine . 27 21 "ii" Champlain Oil‘pfd 755 Eon Paper 100 Low Laat )lat Saag . . iom stores silk 88;: Ford of Cha A ... . 2p 33% 95 lreen Stabell a mp ll ... {Ti $3? I." May . 411,4 mi. illelchers A g gm,‘ ' - ' --~ “K 41 41h itcheli Bo 4 °l‘vt-~~ -- rand; ,_ 350° t hNNIPEG- March d-Ths decline T“; an h. “o i’! tt e pound sterling adversely sf. w, n, m,‘ m,‘ a ac edfinarketlna of Canadaa wheat w; g" go“ p“ u“ 17 "Pfiithfl Liflfiiflfll today. and traders wllg... n" m M; t a Wlianioag Grain Exchange WM,“ H" __ _ W“ my’? caut ously n a quiet session, eat prices eloaad to s‘ can: ' g low-r. lhv It am and uly at asst Mlewllflflw"! ...i:'..".".i:::i=i:"i..:i. "airs": so; _____ ‘zfmitlhaaitgla: wheat, wh ch ha shown <°--'"- "m" nu- »r’til°“"ifiuii°‘“‘.‘ii 3.3.1.1?‘ KQVTREMI" lnwh "_ inland Canadian prices and oaaleac to? wheat non no as.