JULY 5. 1932

l

lllVESlllBli R8

, Prose) - I0 July k-Cattla re- ripts 0U. There was a good demand or medium 160d to good steers at intend! In UPI! prices, Common to were about’ steady, Cowl llil blllll were slow with but row early salsa. The bulk of the good steers sold tron: Id to $0.15 ‘my, g top load of choice ltaera L140 Dlilllllll It 86.50, Medium good steel‘! sold mostly for lum steers between and 35,75. Common steers aold mostly between 5i and 85, with thin light one, do“ ‘to $8.50. Common heifers brought $3 to 83,50, medium heifers around $4 or better. There were not enough cawl aold to form a basis for quota- tion and bulls were not moving. The B. S, Concordia sails on the 5th with approximately 500 export rattle for Birkenhead. The Munch". tcr Producer sails on the 7th, quotations: Steers up to 1,050 ibs,, good and choice, $5.75 to 86.25 med. qnni. $5 to J5: common, $3.501.) $5; steers over .060 lbs._ good and choice $5.75; to 80.50; medium $5 to $5,755 vflinllwli. l4 to 85- heifers, good nnrl rhnincc, sa to sand; medium, a; n, 4.’: .

"alt receipts 1.584. The hulk of the calves were fully 2d cents. higher. with an odd anle npnpnnt steady prices. Common l ht grnssers nnd drinkers brought round $2 to $2.50 with culls as low as 81,75. Common vcull ere sold around $3 to 8M0 with 1 ose of fairly good average guilllty bringing 51p to $4.50. Picked ‘uni calves sold u to $5.50. (Jnoiatlons: Good and choice veal. Si"? to 85,50; common and medium, L»! to $4; grassers $1.76 to $125.

Sheep receipts 1,0 Lambs were easier, The larger percentage of poor quality lambs in the offerings were u factor in causing lower prices. Good lnuiba brought iii to $0.70 with small his of hand picked luinlis up tn 37,25. Pll-diuin sold around $0.50 and cum- Illivll down to $5. Sheep were slow wiicrs, The few early sales register- Pil W"! "Ollllil W for good handy- nl-cht with common kinda down to I‘ per hundrerlweight.

iiwes, $1 to 82: lambs, good, $6 to I 77-: common, $5 to $6. ling rerelpts 71,300, Hogs were about an l,v Rules were made at $5 for l ns, selects and butchers, fed and rcri with western hogs around 3.1, Vnfinlshed hogs ni‘ prior type "'14 "I 10W ll $4.50 end feeders were pun/vi around $4.15.

Son-s ranged from $2.50 to 23,50.

The Montreal Curb Mgrket

(Canadian Press) ltnrlrs Hflgli Low Close Abnua . .. 3 Beauhnrnols " " ... Iiriilsh Am Oil ea .- llis (‘nrp-Sengrnms

lloiu Stores ... li-liiiee Bccur ..

‘in 4% 1m 131/, 1.135 4A

imperial Oil .. 7i; 7% 77s Imp Tobacco .. n. 7 0'1; ill/J I"! Petroleum .. are 0% Muss Mines .. .. 301,1; "7 mil, ' __, 1.110 1-175 1-19

no Mines ea .. 72 7f 72

k Hughes 4m 3H- 401i ‘ , Hiram . .. f» 4"; 3i .\l'ull;cr_ n rm .. .. on; wit. not

M’ I

zsce laneous

(Canadian Press) . MONTREAL, July -l—-Burle_v, Can- Ivlinn western, nn. 3 .40; nuts, (fan- niinn western no, 3 ,40; oats, fesrl n». l .30: flour, spring whent pat- cnts. fiirsts 4.70: flour, seconds 4.10: four, bakers 4.00: flour, winter wheat patents choirs 2,50-2,00: flour, white cnrn 4.10: bran. ton 11.25: shorts, ion 18%; midriiings, ton 22.25; rolled nuts, ling 00 lhs. 2,80: hay no_ ‘l, per ha, car iota 10.00; cheese, Ont. .10- Jfil/g: cheese, 0mg 31000-011?“ butter, no. 1 finest .i0%-.lri',l$; eggs, ‘fresh fund's]! in cartons 7: eggs, fresh auras in cartons ; eggs, fresh frsis in cartons .22; potatoes, no. l 1'irginin,-hhl. 5.00: potatoes. no. 2 Knuth Carolina, bhl, 4,00: priluloel. a-n. l Bermuda, crate 1.50: potatoes,

(C MONTREA niurlret u hlle the Republic

stock market its lend from

sentiment

moat huoyvnnt

more active list baring losses by BVPIIISC price 0i curried an advance Consolidated outstanding feature that issue-after swiftly lip in 39V;

the lpnrlr to Montreal Power

among the strong s cording a iict lit 27, while other vliideil C. l’, lt,, up 1%, nnd Brnslli

MONTREA 1.,

Wu s

FridlLV- Wiih lVuil

' the independence Day

flucnces from that lug.

ues reflected the

(‘o nversion Lon n

weeks, Fourteen while but two

standing feature, o moving swiftly up there for a net

bids between 32 response from

titively small

‘fraction,

Montreal Stock Market, Quotations

(Canadian Press) Stocks High Low \ Class Pall Telephone -. B0 70 79 Bruilian Power , 101,5 a 1o B C Power A .. . 16% 1a 1s Can 1,5 3% 3a Cm 1o 1o 2% 20 1% 75 c. yum Cable B .1 4 n ac c .. .. ... 11 Cockahut Plow .. .. m“ ‘it, Cons M Smelt .. ... 801A a: 3m Dfyden Paper .. .. 1 n"! Pldll .~- n. 9 Do Steel Coal B 1 . , . 80 95 3Q - - 1o - 5% 5% 5% 2 2% 2% 3% Mont r __', a Mont Fowl-ill}, deb '7’ 26 331/ ‘at Breweries .. 121/, 12% 1o in: sBrew Pfd .. ., oh‘ ‘a t ic .. .1 " Power camp". . - . av‘ m‘ 2v‘ gather: Power .. ' 11% sizl1:nn“§:'iis"..'.' my‘ M‘ 4;?‘ Rtecl of Canada .. ,. 1Q“ “Twill?! Eiec .. .. 3% BANKS $20023‘. ; 1*" l” g3 n"!!! -- - iao 12o 129

Montreal Market

_;__

ariadlan Press) . July

lu Wull Street closed today

independence Day, itlrlletmlltygst siissizii took _ ar es n ulliidll liaiiléllg: nregienerul buoyancy in ggtjuf“; ‘"0"! the greatly improved engendered by "9"". which included In theBak fE I low"! lug] 81'1"“ rggurllnrl rate to the vfrslon Loan proposals, s art, the local dlizflnlnupched into ‘its l’ n some tme and the close here in a substantially will"! Illius outnum- 14 to 2_ while the

51118111": provided the opening at J2 moved

level for a net gain of 8M points -lt- Wits the rapid more upvrflfd quotation on ilila issue that supplied the list in gencrui here.

gain uf 1%

in» 1%: B

July i-iii t - ndinn 1'ress)—Eucourugingy he can cs from London torlny guve renl Stork Exchange "iiflleil 1° blink out n strong rally. ihe first session here since

London's buoyancy in security "l.

Bank of England rnte to the lowest level since 1801, the success of the proposal eral improvement in conditions,

After a quiet opening the local list Kflve its strongest display in several issues recorded gains sustained losses.

Consolidated Smeltera was the out-

guin of 8% points. The issue was seen to be closely held al and 3i) brought no tho owners. The rapid climb was registered on the coiuunr- turnorer of 335 shares. Montreal Power was prominent n]. so, finishing strongly at 27, up 11/, points from Friday. Its sales were iilli shares, International Nickel, Brazilian Hhnwiaignn, Massey Harris,

Siiielights

~l—-ll'lth the to the Vsouth cele- thc local

recent the red uctioa

and the Con- After a quiet

twenty stocks re. rif .18.

of today's session, nnd closed at that in tha

wus prominent iwlii. that issue re- tu finish firm features in- . f‘. Power, an, up -',v,,

despatch- the Nonl-

the aUmul-us

Street closed for holidays in- centre were lack-

reductlon in the

and gen-

peninir at 32 and to 30% to close

lottetown: 114 at Montague; m; a.

"P" c_n_y' "TTETOWN GUARDIAN

PAGE FIVE

Y’S sTbcK AFNTKB-O

ci-ziunn auinnuii

p’,-

ENTR-AIKI EXAMINATIONS _ The‘ Prince of Wales Entrance Ex- aminations will begin this morning at 8 o'clock. Those writing the ex- aminations in the City will write in Zion church Hall. ‘There are approximately 680 in all whom are wriiin! the raven: so? at Char-

INSPIRIN? firs/u. FOR WIDER v1s101v OF EMPIRE QUESTIONS

Economic Cooperation And Empire Unity Subject Of Rousing Address By M . E. D. M Phee At Rotary Club Yesterday.

at Alberton.

each fined $50 and casts or

will be welcome. The Summerside Scouts about 20 in number go into camil 0n the same site starting July 20th.

PASSED AWAY-Tho death oc_ curred in Charlottetown on July 1 of lMrs. Lucy Green MacPhee, wi- dow of the late H. A. MacPhee, of Tryon. Mrs. MacPhee, who was 62 years of nge, resided in this Pro- vince for the past fourteen years, and was highly esteemed by all with whom she came in contact.

Tier husband predeceased her by

five months. There are left to mourn two sisters, Mrs. John O‘- Boyle, of Sault Ste Marie, and Mrs. Coughiln, Port Arthur. also two stepsons, Mr. E. D. MacPhee, To- ronto. and Lloyd, of Raymond, Alta. The funeral will be held in Egan- vllle, Ontario, on July 7.

PER-SONALQ

Prof. S. N. Chant, of the Univer- sity of Tomato, and family, are spending a summer v‘ xtion st Victoria as guests of Mr. Webster Boulter.

Mr. A. W. Rogers, Toronto, assist- ant legal secretary of the Canad- inn Bankers’ Association, is visiting the Province, as the guest of Mr. and Mrs. A. J. Robinson, Augustine

Cove.

Mr. Melvin Anderson, who has been employed at the C. N. R. Ho-

tel, has resigned his position and taken a position at. Nicholson's Bar- ber Shop, Great. George st.

Mining Stocks

flue. whites, per R0 lh. hag .30: po- 95H“, (- mmhi I. _ (gummy, ma.) tatoes, Qua, and N, Ikrgrocn moun. in" “wit; n" llhnxttl-ermfigevggfig, TOROATO, July 4—(l\iining sales Ruins, per 80 lb. hag .4». fcellng, Banking issues were also We)“ stronger. Hales Stock High Low Cinii ""10" Nickel led in activity with a.11s 070° Arm -- -~ -- -

_ , _ _ ' sales. rznnaln t 5i, .c n- 41500-41“ --

\nn roan, July e-cmn-n mar- m, PM“, “L “W, floflf, "lwhflffin ‘JililAiuuiet l‘ flair". Ii on sales of 2,044 and Hraailinn 90°" Am"

,"“"l’°°l7 ("Wm- "mt ,'""‘l"""i° climbed M to l0 na 1,125 sales. B, t‘. 159° 3mlw°d . ~- l__ ness done. Prmes 17 tn J0 pnliutil. pn“-e'r m" 1% “M,” M 16,-’,- Bunqne (i000 (‘amiss .. .. " ' IN‘! If . l.~ I fl t l‘ l n I I . _‘ I.‘ ‘may: nan: strirt mwiriinc 1,01: nnl-I lijlznflzow mm Bank or (ommene ‘i333 5-5113...» _ . ;""31":ma"2"‘iiowlmngllgl“ngsrzfg‘: The bond ninrlrct saw a good de- 725 “mile " ' t 1 a l i . _ ' I I. D. ‘ "N", flmhmr.“ M". mnnd for lmuulion of innadu Issues. 159 Fhflillli!

licrcipts art-re nil.

nnd (‘orlrshutt Plow

National Breweries, off , , down M; at Iii/l. were the only issues to lose grnuad. ln ndil'ilon tn thnsu- mentioned frus-

at 19V;

0J0 (irunudu , .. 70.‘- lirillinger . . 1000 llomcsid . . 6700 Iluwey .

v mini i ~ , 1 n, r~ . 2100 Kirk 1.4;. ' Gfagn Ma fkef inn "our?" lsiziillirini 100F- ltnlw “hm . "ll," (Quebec Power nnd Wliiifpog 51600 $10100"? Elcctrlc. l0 00 tin nrt c , 31- ,522? gene's‘ were 10,400 shares and ills: hiéipnul-lraesin .. 1155f? "an "no wmsn-no 5' g'{,',-1p.¢° m ‘veal: at simian and r00 inning (Ydrp '. 1,10 (1.0: 111/2 . . " . 1 .. . 5i: 0i ‘Hhvlpmo’ J I 4__(B the ca,” lntcd "ltntes funds also slumped iu 490" “B?! Hi1" "W: l l,“ ‘l,,.,,u)_“-':lgn ‘M5,,’ m, H“, a premium of 13in per cent, "053 .\Niosis l... .... s? \ gmipeg market closed iniluy l’.- ' " ‘m- NI“ 511"‘ ' ' fr» 3400 i405 r I aliushel higher tn 1,4 rrnt lnwr-r Nflfllxl‘, "n; " If“ n’ n“ = ‘Kr the quietest trading season In '10 m“ n ' '1}, ‘m m L as. Most trailers were oilssut E ‘$11,551,; _'_' :43 :43 :43 Nd pit, prolonging the holiday me mo Mm“, ___ n7 D1 I ' o ..“.'".".':"* i" "m '1"'i::'.':.'°::;' - $103711?!" "-11 Ii? i?- it‘ a ‘r l e in n . - “haunt wlls““lln“"n> follow its "W" \i0_\"l‘l'ilil‘gl.nn.lldlli' Pit-Eiitier eased ‘mil ' .'. gill!‘ gili '5',""" l‘ “i”? Mi" "m" "‘"‘I""“K'| slightly lower at. in»; m 10% ceatl {H000 Taahoia ,' .. on; mu 0214 l.» strong Illltifllqfli mules early in "I" n "nnd for n lnts m‘ lean of no I 3000 '1‘ Hu hea 405 '98‘! 401 ""‘!°“ “"1 f“ m” "m" M" hem unpthe prorluéeysnd dnlr market here 100 Vlpflfiti: . u 20 00 20 after a higher opening. indny. To retailers aolltis were quot- 3350 Wright liar“. .104 $2.60 .264 - 0mm" u" u‘ l“ '1‘ m m“ l" ed at 1'! cents and pr-‘nts at 11 cents - "fatal sales P2000 shares Hm“ “m” i"°""' "p '5 "m "t a pound. Receipts were 2151) boa-ca. m ' '4 "Q"5',’,2°°'"b" “"""'“l'°‘1 '° l‘ '°“" Cheese advanced beconiing 1o to IJNLIIIIIJ ll‘ u ’ ~ “'*"*"""' "m" ‘l’ wmm‘ c‘"""" ilitizligesi: Snlifhiil afiiebgsliurllizlccint‘: 1am ma" oa oa oa ""' ' "W"? ‘"i"‘°"l"¢ "m" M" were c201 boxes ' p "no s ‘Missouri-n our, on; boss "m m“ "mew": Mum‘ mm“ liiggs-‘wrre off fractional] at 21 to Z100 U-lteacb N .180 .125 ‘I30 "Mhhh m “n” en" “t u“ 11M 2° cents for extras 1T to Ill vents for I00 Ilalhousle- " ‘ 07 l ""“"- T“ """”"“ ‘t T°'°""' °' rims and m4 101's cent dolen fr 111a EIIOIMIIJ ' ' ' ' W. A lilaelfeod wheat pool publicity 2' ° ‘ ' ' ' ' ‘ ' - seconds. Receipts were p.014 cases. 100 Buds Bay ..

(Proctor, that the wears three-year drought spell is broken was appar- r-"ly disregarded h! ""5"" .

Prices held up wv-ll in view of an ltlmollt total lack of foreign interest na-il the bearish influence of the wet wmther map. ‘

"nah interest in wheat was fndib f r-nt and spreads were generally vim-hllilfll. Iiiaatern mills continued to 1""! up- arid ears of no, 3 northern.

Pit trade in all coarse fraiaa was I‘ "v, A lime scattered bu! ng in har- 1 " and rye came n from time to time r d valnrs niovet within a narrow range. Weakness developed in the dur- vta wheat a lire-ah n five cents a bushel was recorded in the top grades.

vrmrinan m} wit. awn; n».

arlret near the close and 41

Potatoes held unchanged. _

"gm; July 84B: Oct, tens; Dec, 1 “at... July ma; on. m“; Dec. -

._-

woo 1i b} -- . oasn raaoas w‘? gjofng‘; l. | , bill Iv e nllifiiiifhliiii-‘iil?’ “.i’a=.‘a‘5°"= WHIIM -- J no i nor 461i: no. $4846: ao- l~ll t 10M!“ “W” “ ' 84%’; track H no. 4. dnrnra N" :01!!! a a.- a ' I "m:- : ::::: - ' ""- ‘w -r"""w

1410 Nickel .. ,-. R500 McLeod as a. i000 Nordon .. n . N00 Pen’ Pete “t: . 1350 Ventures , a.

Bummer-side; 54 at Soul-ls and 43

roucr: oomrr - Yesterday morning at the Police Court the" were two cases of breach of the Customs Act, the Offenders were two months. A non-stop was fined $2 and coats or 3 days. A case of mis- chief, do‘ng damage in property, Y7 J was adjourned.

BOYS SCOUTS - The Bedeque and Freetown group of Boy Scouts so 111w comp at Femwood, Friday, July 8th. This group is composed of 18 second class scouts and many of them expect w complete the first class work and qualify for a num- ber of Proficiency badges. On sun- day afternoon a special service will be held for the boys at two o'clock ' by the Rev. A. G. Crowe to which the public are invited. Wednesday will be field day and again visitors

° over-development of a. nsilflnflllsliii

'59 and women realize that we are con-

-more deadly than bullets and ai-

“Economic co-operatlon and Em. pire Unity" was the subject of an iliiliirin: address at the Rotary Club yesterday by Dr. E. D. Mac- Phee, past president of the Mari- time Provinces Association of To- ronto, a native of Tryon, this Pro- vince. The great importance of the Imperial Economic Conference, and the for-reaching effects on world conditions which its success would achieve. were particularly emphas- ized by the speaker, who also dealt with some of the encouraging evi- dences of ‘ d reciprocal trade between the Maritime: and Central Canada. The text of Mr. MncPheeb address follows: Dr. fviacF-"nee made it clear that his remarks in- tended in an entirely non-partisan way, inasmuch as the problem now facing the Empire transcends party politics and it is beyond the power of any one government to grapple independently with the situation. Tlf'e text of his address follows:

"The third decade of this century will go down in history as the one in which nations developed in its fullest ramifications the theory and practice of economic nationalism.» The combative experience of “The Great War" still lives with us and even yet shows evidence of vigorous persistence. All that has changed is the tools of warfare. The fact that the nter stages of this devel- opment happened to coincide with the financial debacle of 1929 has served to make us more conscious 1n these years, then we were in the early twenties, of the manner 1n which international warfare works out. Overflowlng grnnarles in some countries with starvation in others; depreciated currencies cutting in two the volume of international trade; war measures in taxation to take up the loss of revenue from the products of regular ‘ ‘ and normal incomes; unstable sup- port. of governments and, above all, the haunting and terrifying spectre of unemployment, causing destitu- tion to those already poor and PW- erty no many normally in comfort- able circumstances; the demand for extravagant governmental ex- penditure to bring relief to the needy individuals and, of late, the threats in not a. few countries to the continuation of the social-ec- onomic system in which we have been raised and on whicn our Pfe- sent culture rests. These are the sylnpl/Om: of the illness we are, to- day, attempting to 618811050-

Danger of Nationalism

"It. is a serious error to attribute these social ills to the individual- istic and capitalistic systems of 1n- dustry or to suggest that their cure would come with the development of a communistlc state. They "e the products of an international economic warfare beina PTmPiiB-t- ed, as have all other wars, b; the

spirit, and to be cured, if at all. Only by some form of economic interns- tionallsm. This point cannot be W’ strongly stressed. Communism, fascism, and all the other social pansgeas, as we now know them. are but varying examples of a dan- gerously rampart nationalism. The solution lies not 1n n chanfle 9i governmental structure, but in a. direct attack on the nationalistic trend; ii; will come only as men

i

ions as the component parts of the

There semes to be a real tlnuing the "Great. War" with tools

fectlng, in this instance, men. W0- men and children of all countries. We have to consider, then, the steps by which economic interna- tionalism can become s. practical is- sue, and to examine in the 118m 0i these positions some of the things we are doing and can do in Meri- time Canada, in Central Canada and in our great West.

co-operation Essential

The keynote must be co-OPBYB-

Britaln of the financial control of empire curerncy, the employment of British facilities for shipping, the

expansion of empire trade, both within and without the Empire.

lveness on the part of the empire. The term we are using in the term "trade" rather involves a two-way transaction. In point of fact much international through three or four channels, and could continue to do so if the Empire were organized as an econ- omic unit. currency problem would be so or- ganized that the factors affecting the values of our various currencies would operate on an empire basis rather than on a national basis.

economic conference is in point of view much unlike any that has pre- ceded it. Those who are to partic-

friendly debating society, realize that the world outside the empire is as keenly interested in firs decis-

empire. intention to work out an Empire trade policy on some co-operative basis, to the end that not merely shall the constituent: parts of the Empire be relieved of some of the ills that have attended inter-empire trade conflict, butt. hat a lead may be given out of the present. econo- mic chaos, out of which the world may start again on a sounder foundation. frankly acknowledged that British people, with common trad- itions and common standards, can- not. find some means for oo-opers- tion, that the struggle would be in- tensified and the COHSBQUEHCEn of the warfare be too tragic to oon- t/empis‘ .