entrance. . w; i ’ 15 119$

-... n41

TSTOCK lQU-OTA

THE CHARLOTTETOWN GUARDIAN

TI ozvs,

MARKQ GOSSIP

w, Johnston: yard-p Special

IOBNING MARKET LETTER

NEW YORK, N. Y., Juno 14—'1‘he gtoel market showed good resistance ‘go numerous ileflationary influences

sterday. Despite declines in a num- {:- of active stocks, another break in who”, loivel- prices for allver and other commodities the Dow Jones

averages niado The utility aver- age sliowe only a minor loss on the 43y which might be considered a satllfactol‘! performance untler the circumstances. The food stocks were bauysnt and more active than for a p)" while. The tone in rails was good. Except: for some concessions in mend grades, the bond mar-kc: vmn featureless. Tho immediate outlook is difficult to judge, but in view of tho luck of greater volume on 10p of the advance from the middle of March, we think the situation calls for cau- rlnii in making new long comm“.

meats. Laidlaw and Company.

IUMAIARY

NEW YORK. N. Y.. Julie l-h-Gnlil bars tilliliflti in London at l-liJs Sd vs 140s 10il Thursday.

Brokers loans in ul-ek ended June 1'.’ lllt‘l‘t‘ill"ii $lll.tl00,0ti0 rii SPUHJIKLUOII. .\'riii brokers loans iifiiifliiihllifl) iiiiiiii STI-tuxiooixi nan,- viiluiuc of reserve bank credit o iitiintllng duping week i-ridi-ii ._ii|r|p i;- ivas $2,470,titi0,000 up $2,000,000 iivp, previous svcek and $32,000,000 over like i034 week.

Detroit Edison (‘u and subs in 1'.‘ months ended lilayjil, i035 consoli- dated net incomi- aiti-r charges niid an»: deducting $1,400,000 t‘.\il‘lltll'tiiil- sry appropriations t0 ili-prr-i-lalinn reserve, equal tn H 2‘: n share against $5 Si) a share for year- ended May iii,

1011i, v

Phillip lfnrris and (‘o., 1.td., de- i-larcil regular quarterly ilivldcnd of 25 rents on common.

Electrical workers of Toledo Edis- oli 00., went on s trike last night iu an unexpected walkout. Company maintaining service to industrial plants early today when local ivorlc- ere and company Ofnlllllililllllflllfid ths plant.

Attackln constitutionality of tho EEC of I which rliangcil the char- acter of oil royalilles from interest in resl estate of securities ivas filed in

the U. S. District (‘ourt of Philadel-

phia by B. L. Abraham. High Low Last Up so nia listlo 110.40 1i so .73 so Rails . . 32.73 32.30 :1 as .01 1i iZtll 20R 20.40 201 unch 10 Bondl .. 11.1.90 .03 Dow Jones.

aaxows "hlonxluo LETTER”

IIOXTREAL, Qum, June l-l-—An esriy sag in the lndustrials ivua fol- lowed by recovery ln the latc nfti-r- aoon nnrlerthe leadership of high priced issues. iiails did not do any- thhig worth mentioning but idlll paint to thn development of some ful- ther recovery. 0n flips continue to buy Atcliliion. (ire-at Nor tifil and Nor Pacific. lnilZi-ationei still i’ii\'nr tho ViPW‘ that luilustrials are gradu- ally tapping off, iii-lions of lioiil- inns la this div ilil is still justi- fli-ii. Nnranda siilii off sharply in New York on news that the eompnny-‘s ri-tii i to meet the SEC registration rmiu .. nents on ‘the New York Sh-rk Exchange would he fiiiowcd by ilelsting from the exchange. Nothing has 0t'i'lll'l‘f\il to alter 1lie company's IllVilfiItliO long tcrui outlunli, tlio market trend however, has recently been mildly bearish and probabilities point to seine further correction bo- iosumcil.

fori- the advance is again ifillltlea did iuivly woll on reports that the abolition feature of the

Ytillty Holding Ilili is meeting with considerable opposition ia_ the House of Rcprcaentat ves. .\'o evidence. hbw- ever. has appeared to indicate that

plated. lnt'l Pete showed signs of re- suming iis downward correction. Action of this issue suggests appear- ance of further weakness. Dome ral- lied on gum] demand. Dome has shown considerable support during periods of general liquidation and will undoubtedly be very rominent on tho next uluvurd phase in the gold shares. 0 the whole molt of the issues in this division closed lower mi the day and so fur have fallcd to

indicate that a filial bottom has lll‘('ll csilillshed. Westinghouse gas fil't.IL‘l‘ amounting to approximately

$100,000 from Republic Steel Corp.

BBIIOIL B.-\-I\'ON’S “NOON LETTER"

.\lO.\"l‘iil-lAL. QilLH, June 1-l—Fil'ln lone shown by the market suggests extt-nidon iii recovery to higher levcl. Stocks which may be foloiveil on a quick trailing liasla incuda- Atcliison. Lit. .\'ur l'fd, Nor Pacific and West- ern Fulon.

hk-iintur lllacll. (‘iiairniun of the Senate Air “all Cuinniitteu snld yes- l-rtluy he would , favor legislation fun-lug i'illl-.\lll(‘l'.l'llll Airways tu tiilio a 2:5 percent reduction in furcign niiiil rates if the i-tincern refused to "Pmllt u pnsl. tifflco rut-omiueiiilntioii [011 such a i-ut. Secretary Morgcnthnu snld that it is unlikely that the ‘l'ri~:is‘.ii'y' prici- for il"\\'iy lllillPtl silver iviiulil lit! itl\\'i'l‘l‘ll if the ivtirlil price continues in ili-ellnn. iii-ports of lull Power ('0; and riiiiirolli-d i-iiiiipaiiles I01’ iii-‘i-i show griisa earnings at $1.- 5ll.‘.litI vs $1. s‘ gai- 11m Yam», Hllfillllit iii i-s 37.10.1111. .\lln. lstvr of llui-lne ilIlilUllllPlWI last night Fill-Iflillli: of n i-iiiiiriict tii Fiiiiiiilation Cviiiiiirny of Panadii, Montreal, for construction of berths one, tivii, rlirt-i- and four in liiii-liiir of Saint John N B. Work will liicinilc reconstruc-

tion of tht- buikiicail at Qund Point, 'i‘lie t'illlll'ilt'l [irii-i: is 5 2.510. A substantial gain shown in

llittIl vuluiui- and value of gold pru- iluciion in tfnniitla during Apr-ii coin- pnri-d wltli same nioiilh last ycnr, iluiiiinion llureiiu of Statistics re- iioris. Proiliii-iliin of gold in tho 4 Ilwutlis i‘llii“ti April :10 iiiialli-d 00.1107 ounces vs 031,301 in aalnc 103i period.

Nit-vi plants in the _l.‘. S are plac- ing biggest equipment orders in six years.

ifi-stinicliiiiise ri-i-olvcd awards from (irent lnikt-ii iiiiil Iiop. i-i-i, t |] i7it‘i‘II'lI' uni-king on order and Mcsla Machine operating at capacity.

Barron. BAKING LETTER Thursday Evening v NEW TtlltK. N. Y.. June 13-1

said yesterday {hat lip; advance would be rciiiiuicil i0|.'l,\' and after dipping 1101i!‘ the lows of yi-sU-rtiay, the in- iiustrliil averages about 11,5 niiliits. closing V. of a full point higher than yesirrilny. 'i‘here is no vhungi- from ri-i-r-nt letters nnii inn: positions should be maintained, hul iliin‘t pyriiinlii on stocks, that have already advanced ti or l0 points since Juuc-Sth. Phillip hliirris-iiiild it illi we advise profit inking, \\‘lil4‘h will probably be nbiii-n 00 Am, For Powr-r 7 per cent pfd made a new high for the year, while the six per (‘flit pftl irltisoil at 191a, llnlil both. \\'il_inn pfd which you liuil been told to iiiiy bat-it around 05 sold at. 7003. Aftlllllil 7i tiPlI out hall.

American (‘an for which I prcillt-lud near 140 iifii-r it got down to 120. sold at liittl/l. 0n furthei- bulge sell out half. Case, recommended lust uv-ek at 15'.’ is still a buy ncar 54. Fniteil Aircraft imld at 1354,, and I ex- pect to see it 10 points higher aiill. Pnilie A gained a fraction and may still be bought tor H, Crrro do Pnsco which I snld buy at .77 to {i0 sold at Bill/i, rinsing at 57h. American Smelt- lng sold no luivcr than yesterday and U. S. Smelling closed unchanged while llnwt- Sound sold at 10%. All four can be bought around ttiilay‘s lows, as the silver act, making it mandatory fo riiie Trwasury to eon- iiuuo purchases till it goes to $1 ‘J0 or until they hold 8 billion ounces, is not unconstitutional.

recession in utilities has bet-ii com- 3111M?- Dec .. 02v. 110% or _ lliil?'ts:_ an. are; new. ‘st-pt " am azv, 32% Dec an, any, any,

(Canadian Press)

CHICAGO, June I~l——illIliI(‘h(".‘fI by purchases of wheat against simultan- eous salel of corn, the (Jlilcago wheat market showed a general upward tri-iid today.

Thera was an absence of the ail~

ressive selling of ivheut that Wits Si; evidence the tivu preceding days.

uthwestern niills were reported as being aetlvu buyer-s of wheat futures in Chicago today at times.

Wheat closed flrni, 1 cent to 1% above yesterdays finish. .Ti y Rilliv, ; corn 1,3 off to 1X. up: lli,\' 70111114.: oats iii-Hi advanced, llllli provisions unchanged to a rlsr of 1;‘. cents.

CHICAGO, June 13-

Wheat:-

Illlh Low 191/. 7074; 32

711i. 7'17};

wi NNIPEG, Juno 14- Wbrnt :——

Hlgh Low Last

Jilly . ... ... . 81% 80?‘; 81% dept . Dec . ,.. .. ,.. .. ... .... 395i 33V: 3911i 335,’, 38 33%

GENEVA. June 12—The Interns.- tional Labor Conference voted 57 to 49 today in approval of a resolution advanced by labor delegates that a general convention should be od- opted based on the principle 0i a 40-hour week for labor with a

maintenance of the standard of liv- ins.

Duke. of Gloucesterlat Traditional {service

N. Y. Stock Exchange

-____-

(Quotations tarnished by lohaatol and Ward members of tho Mont real Stock Exchange, Mantra Curb Market. 156 Richmond Street Charlotteuwai.

Btooka

Air Red Allied Chem Allis Chaim Ail Ref Amer (‘an .. . .-\m Car i iiund . Am For Few Aiu A111 Am Am Alli Am Am An

Opoaad

(‘i-l (‘will l‘iiill (‘ting Pin-s t‘lili' Nnriii . ('ill',.'.\iil‘l' .\ii>t . twiliiniii (‘ziriiiiii lwil l-‘ucl '

.\lui:k ‘i’ i-k . .\latli Alkali .\ilss I'm: . liisii Ran .\liint \\'iird .. . Nash .\lnt. . Natl Ills Natl hair, l I'n

Sears ltot Shell Union Sim Co , . . Sncony- Vac South l‘ai-

South llall .. Stand liraiiils

Stand tins 151cc Stand tlil (‘nl

Stand till N J Stewart Warner Studebaker ., , Thorinoiil 'I‘vxos C0

lYniti-d llriig llnitcil this lm Ii 8 Iiiii .\l II 3 Rubber . . Ii i! Sim-l; U S Nn-i-l

Van Steal .. .. Warm-r llrns Warren llrus West i'iilnn .. Woolivuriii (‘n . \Vnrth Pinup Yellow 'l‘ruck

SAILOR‘ SAVED BY LEO-MILE RADIO

Pllnfrl-I. June l4-—What probably constitutes a record for long dis- tance medical treatment has just occurred off the kxtem Australian coast.

An apprentice on the steamer, City or Winchester, outward bound from Liverpool, became very ill, 2.500 miles away. The captain radi- oed his symctoms and condition 't0 a. powerful Australian station, and the Western Australian government medical officer directed treatment for several days, The patient 1m-

Mt '1. Stock Exchange

(Quotations furnished by Johnston and Ward, Members of lilontrul Stock Exchange, hlantroal Carl: Market, 1M Blohmold Street, Char- lottstown).

Stocks Opendd Last Batliurst A 5 lie-ll Tel . . . . .. , 1Z1 Bras '1‘ L Pow . 0% ll t.‘ Vow A . 255$ liruck Silk , Iii-ll Build Prod .. 30 (Jun Car coin 7% ifiin Car pfd . i135‘; Can Cel coin 24 Can Cem cola 0% Can Cenr pfd 05y; t‘an Hydro Elec pfd 40% 40-1: (‘an Ind Al A .. 8% 8% (‘an Ind Al B .

lfnn North pow .

(fan Pac

Cons Smelt .

Dryden Pap ..

Dom Bridge

Dom Coal pfd Dom Steel Coal B . . Dom Tex (‘om Gen Steel Wares , Gurils Gypsum .. How Smith Pap .. l-Ioli Gold Mines

lntl Nit-lie]

lntl Pow . 75 Iiiti Pow pfil .. , 46 41 Massey lianris . 4 4 310C011 Front Oil 137/: 13-"? .\1iint Pow . 29% 20\ Natl Brew . 3 36 Nat Staci Car .. 151/. Quebec i'iiw 14% St Law Purp 105 St Iinw i’fd .. . 4 Shawinlgiin ,... 105i, South (‘an l'nvr 12‘ Steel Co Can com 40%

' BANKS

Commerce

Montreal . . 17D 1U! Nova Scotia ..-. 218 Royal 150% 150 Bank of Canada 62

Ma r1: ets A t Glance

, \ anadlan Press)

Tor-onto and hlontreal—lndustrial stocks higher.

Toronto Mines—lrregularly lower.

New York-Stocks closed higher.-

Winnipeg-lvheat up M cents.

New York—Cotton higher; rubber, coffee and sugar lower.

M7"L_._CURB

(Johnston and Ward)

vtsininvs iucii main iuniiiiuis

Corrected For Every Wednesday and Saturday Issue

1 ODUUI

Hay. loose, cwt Oats . . . . . . . . . . . . .. ..

IETAIL IAIKET

Potatoes pk (‘elery bunch . H0850 Beef

Stew meats . . .

Lettuce hunch 'l‘ornntoea lb . Rhubarb lb . Cauliflower each Pigs 7 weeks pair .

Lolisters lb (‘od lb

Mackerel V

Miscellaneous

' - (Canadian Pre a) MONTREAL, June 14- Whent nor no 2 86, Ilarley, (l W no ii 48 Oats, C W no 2 40 Oats C \V no 3 40.

Oats, teed no 1 43. Flour spring ivheat patents, $6 10.

Flour seconds $4.85. lglour bakers $4.00 lour, winter wheat steata choice $8.70 to $3 so. p ’ Flour white corn $5.50 to $5.60. Bran ton 25 25 to 27%. Shorts ton 20.25 to $.25. liilddlings ton 20% to 31.x. Rolled oats bag 90 lbs 3,06. Hay no 2 per ton carlots 12.50. Cheese no 1 current Ont 0% to 10. Cheese no 1 Quebec 01,4, to 0%, Butter no l 101,5 to 10%. Egg! in cartons A large % to 26, Eggs A medium 23 to 2-1. Eggs B 22 to 23. Eggs H) to 21. Potatoes North Can

‘firsts

bbl's '84 . 75 to

$5 00. Virginia bill's $4.75 t0 $5 00. Bermudas nu 1 50's $1.50, Bermudas no 2 50‘s $1.25 Que 80's 33 to 3S.

N. B, 80s 40. P. . I, 80's 43.

Stocks Opened Last Abltibi .. . 70 Beaaharnols . . 3% Brew (‘orp com . 3% Brew Corp pfii . . 21 Brit Amer Oil 101/; Can Malt .. 32 Champ Oil pfd 7 Con Pap .. 05 Dis ng l6 Ford of (‘all A HM Green Stabell 21 Imp Oil .. 21% Imp Tob 13% Inti Pet V, .. . 35% Melehers A . . 10% Nornnda . 3875 Teek Hughes 00 400 Walker- Gooil . . 31% ' Walker Good pfd 17% 17% Walker Brew . .. . .. I110 340 Wright Hlr ... . , . ., 375 855 Education Execati v

In Session

(C. P. By Guardian's Special Wire) QUEBEC, June 14-101 executive meeting of the Oanadlan Associa- tion for Adult. Education met here today for a. two-day session. The flnai report of Dr. Peter Bandford of the Ontario College of Ediwetion on adult education through Canada was. studied at today's sessions. W. J. Dunlop, Toronto, chairman of the Association and direct/or o! extension, University of Toronto,

presided. Others attending ixrciud- .

ed. L. W. Show. Newfoundland and A. O. MacDonald, st. Francis Xav- ier Oollcge, Antlgonish, N. B.

ANCIENT CHALIOE IS DEDICATED GLAOB BAY. N5. June 14—(C. P.)-A tabernacle, Oonstructed from oak of a Ifrench man-of-war that was sunk in Iiouisburs Harbor in 1768 has been presented ho 5t. Pat- rick's Church; Lingsn. NB. It now contains an ancient chalice found at Lbuan and believed to have been buried more than 200 years ago. '

proved rapidly. but fearing a rs- lsvlfi the doctor had him taken to a hospital as soon as the steam reached Albany.

Pivooucr

(Canadian Press)

MONTREAL, June 14—I.ittie change was noted in prices on the Montreal dairy and pi-oilnce market today as the tone held steady. ,

The buttcr market was quoted at 19% to 10% cents per pound for car- lots or less of no 1 lots to retailers sold at 21 cents for solids and ‘Z2 cents for prints, Receipts were four boxes. '

Prices on the cheese market aver- aged 0%; to l0 cents per pound foi- no 1 current Oiitarios and 01,5 to 0%, cents for no 1 Quebecs. Receipts to- tailed amt boxes.

Graded shipments o! Ontario or Western eggs la csrlota or less brought 21 to 2 cents n dozen for A-large, 10% to 20 cents for A-iiietliiim, 10 to 1054,, cents for B and 17% cents for C. Lots to the retail trade were quoted at ‘J5 to 20 centsdor A-l r 23 to 24 cents for A-medluni, 28 cents for B, and 20 to ‘ll. cents for C, in cartons, arid a cent, less when bought loose.

Prices were unchanged in the potato market with new potatoes bringing $4.75 to $6.00 a barrel for North Carolina or Virginia stock, and Stroll for no l and $1.25 for no 2 Bermu as, per M-iound crntc. Old potatoes were to 38 cents {or Quebecs, 40 cents for New Brunswicks, and 43 cents for Prince Edward Islands, per SO-pound bag.

Currencies

(Canadian Press)

NEW YORK, Juno 14—.\loving within narrow ranges, leading cur- rencies ivoro firm on foreign ex-

changes today.

The pound sterling lost ‘A cent during tho dull session. closing at $4 01% after dipping to $4.04. The

Canadian iloliar, however, gained l-10 cent at the last to 09 20-32 cents. i-‘rr-nch francs were .0015 higher at 6.50%.

MONTREAL. June l-i-Tho pound

Twice each year,

These audits must be

In the determination

own; Gl- for debts owing, only fully liquid assets may

Montreal Curb Market.

, Vigilance.

at a fixed date, and the second, or later than eight months from the date of the permanent auditor appointed by the Bx-

cnange and selected from). panel. scrutinized by a supervising auditor, purpose. He it is, and he alone, wh _ secrecy surrounds this date in order that no previous

made by an independent oiil cially appointed

of a. sound fin anoial position,

value in exchange seats or memberships; or for any real estate which the firm ma? unless these be secured by mark be considered in that. side of the balance liabilities must be all-inclusive.

It has become a. bounden duty, of th ose charged maintain an active supervision of laws and regulations which govern tr

Eternal vigilance is the price of security.

For $ecuri

One of the most important developments of- recent years m ltwll

' practice in Montreal has been the progressi

which has now reached a. point that ensures t

who buy and sell securities through member firms of and the Montreal Ourb Market.

under present By-laws, member firms of

must present satisfactory evidence of a. sound: financial position. a. surprise audit, 1s made not earlier than four months

ve advancement of supervision

he tulle t ossiblo l {he Montreal Stock Exchange

The statements of assets

o fixes the date of the surprise audit. _ intimation may be given.

with the responsibility, t0 each and every firm which subscribes to the By- ading on the Montreal

, afifiiftl.’

these Exchanges One audit. la made audit.

and. liabilities are’

by the Exchange for that The utmost

np allowance is made for

etable collateral. In short, ‘i sheet, wlnle

Stock Exchange and the

VMVU

(Canadian Press)

. TORONTO, June 1i-—(.iold stocks sold down and liuso mctai and silver stocks snld up in the late trading tniiny on the Toronto mining section

after an irregular display in the early trading. Another minor ilorlino in the London price for gold liars may have been a factor in moving the gold share index down ,73 with secondary issues mainly involved. Volume was off to about 350.000 shares. _

Base metal and silver stocks were weak during the morning on the

leadership of Noranda and Eldorado. News that Noranda would not apply for continuance o! enlistment on the NPW,YOl‘k Exchange was expected to inspire some selling and in the first hour the stock sold off to 37 80. Nervousnt-as ilisappi-ared in the after-- noon however and the price was bid up to 3800 for a net gain of 30 cents. Base metals corporation added 3 cents and Falconbridge ‘l, (Canadian Press) TORONTO, June.1-i—-

Stocks

Granada Greene .. Gunnar- . Hollinger Howey . J .\I (‘nus Kirk Lake . I. Shore . Lnmaquc Lee Gold Little I. L . Blacassa Man East . .

Norantla . O'Brien Olga Oil . . Paymnster .