_ .__ --~ - _ -4

. 1 _ _

. f' f

\

.-1

i

I

MARCH 20, 1937 ‘ i'i1a' ui1Ai<i.u'i'i'i~.'iuwN uuAi<uiAN " 1-111# "M

_ I . . .1 ‘ .

351%- - ’;' 1' *’ i* _*Y 'J' | 13-=,,~ 3 -r Rami" ~' ----- ------ - --___ _ ___.___.___ _n;___;.f_j_‘_~_{._l_ ;`.F_1

tliaae!v0'l and Woods Beads md cm

1; _ '_ _ _""_"_"‘°"_' ‘f"'°’ StockExchange 0||AR|.0TTETOWi| AND SUMMERSIDE

I PHONE im - 1-m i-“ONE 156

lappuse Ln.” Jiulxfré auuuwr auoancasr s'r.4'rio_N cm! 1z.ao AND 1 rin,

iiioitwliid ivuilutlr r.n1'ifi_r

with the exception of the Uni ities which have shown little i'e- 5pon~e to general u.~.ilf.et mo.'e- rnents for so long, virtually the entire ‘ist of stocks showed weak- ness yesterday i,'.'|r.-ughout the ses- sion. The hourly averages, howsvor, indicated that the majcr part of thc net losses occurred in the ear- lier :ailing waves and that more resistance developed toward the phd of the day even to the extent of ii mild recovery in the rail aver- age during the final hour, never- tireless the rallies, if they could be called such, in between selling; waves were too feeble to be con- vincing so that heaviness or at least irregularity would seem to be 1. logical expectation at the outset teddy- ` The rails stocks being the laft to uivanee before yesterdays break were called upon to absorb consid- erable profit taking but their act- ion in the final hour suggested that tht 1' might be capable of a trading rally if permitted by fair general market conditions today.

The stubbom resistance of the Utilities in the face of heaviness in the other groups may attract buy- ing to them on the ground that they appear overroid despite the uncertainties which still hang as a cloud over the industry.

Laidlaw and Company.

BARING MORNING LETTER.

Two years ago the Industrial

averages made their low at 95.115. and I predicted they would-go to somewhere between 160 and 16o and then after more or less of a setback to about 195. They did not go to 163 last April and than reacted to 141 1-2 and after that I stated many times that we would get no lull 12 point setback until they went to about 197. 1

They actually did go 7> 195.59, so that I misred the actual top in ilie averages by loss than 1 1-2 points. I also predicted that the nail average; would go to 05. which they did yeeterdcy, but while I i4.=sed the exact top of the Indus- trial averages by about 1 1-2 and with very large profits. and now at todays low we have had a setback of practically and almost 12 points. .There is a possibility that we are close tp the bottom in many issues- At the same time I would still con- fine purchases to 1*: stocks re- commended during the past 10 days or ro, none of which, with only one exception, have gone a full point below my figures; I ex- oept, of course, Allied Chemical. where 10 points no more than l point in an ordinary stock. nor does 5 points in Westinghouse mean any more than that. '

Electric Power and Light again

recommended around 23 rose 'from 23 1-8 to 24 5-8 closing 3-4 point higher than yesterday, buy it be- low 24.

Eitingtnn Schild reacted 1 point

from thc top, buy it around 14.

Lockheed closes unchanged and

can still be bought at 14.

United Airlines, repeatedly re-

oommended at and below 21. ai- ih011Rh you should alto have it naar 14 and 17 closes above 22 and it can still be bought near 21.

Indus. Rayon recommended daily

should be bought on any little dip.

around 37 and 88 is still 38 and'

Guantanamo Biugar Pfd. is still 2 points higher than 'where I first mentioned it 3 or 4 days ago, buy around 48.

Chrysler, as well as General Mo- tors were quite weak and went about 3 points each below the critical figures which I gave you as a danger signal 1|. few days ago. Woiilcl not buy them .Wi-

U. S. Steel, as well as Betli`eli='in

Steel. reacted sharply but you should buy out of them near the 100 with very large profits. If Re- public Steel goes to 40 buy back a. little. Superior steel might go a little lower- If so, buy it.

Brooklyn Manhattan Transit re-

mains a purchase around 42. Am- erican Hide and Leather below 10. the Pid. around 49. Loews around 78. Phillip Morris at 73, White Mo- tors 31-30, Omnibus at or just be- low 21 and Southern Railway Pfd. around M. Hold your remaining halves of New York Central. South- P111 Railway, Union Bag and Paper. Anaoonda, Pierce Gov. etc-

Boring.

EIIKAIY

Allied Chemical and Dye C01'P~ 1936 net income equal to 81144 I

Yogimon share. vs. 08.71 a share in ii 5

Standlrd Oil Co. of Ohio 1936

net profit equal to 04.78 a conmion share va. 02.77 on common in 1935. 'American Steel Foundries has authorised the issuance of 217.083 additional common shares or which 23.000 shares will be used for ac- quisition of a certain property while U14* balance will be offered to Ftockholdera at |40 a share on the N1-Sis of me new share for each 5 shares held. The Pfd. will be re- "rcd at $110 a share. The balance °f funds left rfler the Pfd. retire- ment will be used for additional W°fi<i11¢ capital. The first maior test of attitude on rail rate increase comes today as I. C. O. is scheduled to vote on nection of tariffs eftlmated to Vivid $10,000,000 more revenue. Texas and Pac'fie Railway in 2 "Wit-he to Feb. 2| not income equal i»° 13 cents a eommon :liars va- 42 °°11tsalhareonl'!d.inlike1930 filled. Ncanusuutioa plan for nupp. Uotor Car Corp. providing for ei- ilwige of two present am for '“° new share, reduction in par :$130510 to ewgamnumg or asa; » MW as row ' H0371 sham will be :slits to

PN

Stockholders at meeting April 7. ,,

Standard Oil of Kentucky ne.

profit in first two months more than sufficient to cover first quar- ter dividends, the president tells annual meeting. "If business con- tinues st rate of last 2 months, we are going to ditribute some nice dividends before the end of the year,” he said.

30 Industrials high 187.52 low

183.72 last 184.78 off 3.77.

20 Rails _high 63.70 low 82.04,

last B2 44 off 2.02.

30 Utilities high 3319 low 32 60

last 32.84 off 0 13.

.40 Bonds last101.Bt1 o1f0.50.

Dow Jones.

BANON MORNING MARKET LETTER

Yesterdays break was sharper

than I thought possible at the pre- sent time. since the major part of committments have in recent weeks been on rails. Traders positions are still oomfortabie in spite of yester- day's selloff.

Rails me still in a. definitely

ovcrsold condition.

Recovery. now well overdiue in

the Industrials, should be rapid as soon as it develops. Weakness this moming should certainly not be used for swag and may be gc. *Pied as an opportunity for as- fumios positions in stocks with better than average possibilities on the upside including Anaconda. Bethlehem Steel, American Smelt- ing and Refining, Celanese cor. poration, Vandium, Standard Oil of N. J.. Ohio Oil, Canada Dry, schen. lay Distillers, National Distillers, American Water Works, Public Service of New Jersey, Electric Power and Light, United Aircraft. United Airlines, Delawere Lack- awanna, Lehigh Valley R, R., Ei-ie Railroad, Baltlmore and Ohio, and Northern Pacific. Cfihildlhn Shares sold off in Sympathy with weakness in New York.

Stocks attractive near last nlght‘s

closing prices include. Brazilian, Canadian Pacific. Distillers Sea- Hram, Dominion Steel and Ooal B, Iiiternationai Nickel. Lake of the Woods. Abitibi Pref. and pm; Bm- Common.

Gold shares sold ef! yesterday

and on the whole managed to show some improvement in' their support during periods of feces- sions. In the golds resumption of bllylhz in general may be defer- red a little while longer.

Banon.

NOON COMMENT `

The market action has been _mme

what more reassuring in that the decline ofthe past few days has. up to this point at least been maintained within the bounds of a technical correction. This was ac- complished ln part by the buoy- ancy which the I. C. C.'s decision imparted to the rail group. We feel, however, that the market; in- terpretation of the decision was somewhat unduly optimistic since our understanding is that the com- modities affected arc those which the rails reduced below the maxt- mum rates allowed by the I.'C_ C. and that the increases allowed by the present action only bring the rates ‘back to the old levels The action therefore would not :oem to sot a precedent and the real test in this regard will come on the more important commodities which the roads are attempting to obtain increases on to offset the expir- ation of the surcliarges last Jan- uary. Laid ar Co.

BANON AFTERNOON LETTER

This mornings rally is not suf-

ficiently strong to carry price: for on the upside. There I; no change, however, in the view that the ln- dustrials are heavily ovcrsold and that sharp reactions are opportun- ities for assuming trading pos- itions. The current market re- aotion is bein! attributed to hiiiis isrues in Washington Fbderal quarters that measures may be taken to curb the speculative ad- vance in commodities and stocks- » Electric Power and Light should

(ia it star performer on the next allying phase. Montgomery Ward‘s net income

of $4.12 per common share is about 55 per cent over that for 1935 and repre:ents the highet record in .the company's entire history.

National Distillers uontiiiues to

meet excellent support oii minor dips. Additional buying may be considered. around 2| 1-2.

Brockmire believes that commod-

ity prioes are likely to extend their already sharp advance but the pos- sibility of “over sper\iiat.ion and over buying for iiiveniory. wliich is eapable of producing temporary setbacks, should not bc overlook- edgy 16'

Paper stocks in the Domestic

division are exceptionally bullish in their cununt action. naser Vot- ing Trubt won’t »neod much en- couragement t1o get going on the upside. buy Fraser Voting Trust at the current level.

Consolidated Paper and Abitibi

Pfd. are atlil in a buying range.

Banon~

‘ Banks

idapgiicd by Htfieid U Oo. llem ra of IIDMIQI Mock Exchange and Carb Market)

sank- 00°!

Bk ('

air 1'."»T11 232

Bk Nova S

Royal '-'90

___.__._...._--Z- \\'lNN|l’lG WHIAT

(gapplisd hy Woods-leads an( Co.)

M -.'|ti'i._ Jurii icuii.

Clan

23|

23')

liillllll Ill Ullb Muriel)

rmvlrrri wma coimriorioiv 'ro caminiiiiv aim '

4 l I nmmsmmum. 'M ST ’i

STOCK QUOTA TIONS __ ' woons nuns coiiriiiiv

' STUCK H KE _

_ MARKET BULLETIN _ M0f1ff¢¢ll 0rr?c2s Rs !

Studia

Bell Tcl liriirlliaii 2515 liriick tlilk ti B C Pow A 117 i%|iil1l Prod Till 1‘ni| t‘.1~iu

t‘1i|i N1irl’r i‘ 1‘x|r li`1l

\‘||r l'fd in

1‘»i|i ii_\-lin. i’f1l 2\&~‘,, 1‘=||| ilyiirn i’f|i 71 1‘i|ii l||1i Al A 1i1_'_. i`i||i Pao 11:1, f‘a|i H11-iiiil

1‘oli|iu-ua ES ('01-k Plow ‘_’U l‘ni|ii smelt 93 Digi Sea 271,.; Doiii (loaf I‘fd 22 ’

llriiigu 57-1.

llniii St B g,;if_, imni Tux .112 llr_\'1li-ii 15

l‘}|iL' I-Zinc A Ent: l-llc-1: ll

i"..iiu|i ('11

111-‘ii St \\'iir

li|....l_\'1>ar Ham liriiigi- 11:1.; li_\'i|-||i|i itil., limi' Niiliih 311,.; li ’I`

|i|» uh i|r,é liil "i1'|:el (181 i||t l"ow Pfd is iiiike Woods

.\1:i>1 Har .\|1-(foil Fit

Mimi l’o\v ,ig .\'n| urmr- 11111;,

'I 'itiiin

\

._ Open

1li'.'

5 . ;°:.-..

il" 1R5“

i`|||i '_'\i»

_“-

lmiii

25 lli

1511( 14

.‘\':ii St (`lr . .\'orni|1|n ' I'1|\v Corp

Qiiviicc Pow

.\`l|n\v

Sl Law

St. Law Pfd

Nou i‘nn Pow _

.<1 l‘aii I

St i'iin Fld \\'li| Elec A

-_-7 ,,, itll 211

X1' '.5 as 004.

Close

11711 '-'-'1".u U 37 ii'.i IQ is ‘.11

‘\flL 'zen 21| 77 1' 1 ' 1:. '1,,‘

;¢.5:!9 -1 ._-_sf

Ls

_ -_. _=-1 2 ;!1.~l\;.‘i

1~.' 11114

25 1111;,

1r.1.', i1i'1 211.

,_ ... rs... ;?1g..;~

1115” nm 1n», 5| _._.. is-'ii'

23 'fr 10741 30‘L

R7 S-'i li lg

iilwlied by rltrlsia 41 co. number- or Mantra-i stosir

lirvhl-are me curb Market)

f Montreal Curb

_

Stein ¢ 0,".

Abilllil R Aaliellnli 1|r_'

g A4111 _ ‘.':.1.; eau lrno 5 5

B1 w Cor Rath A F

1`1|n vinir llniil Tar limi A 1;. ll‘rn|i1-r :ii ' l1‘r1|ii|-r V '1‘ C liii_»_ 1-‘orii ~_','." iiii- Walker 411/3

tall 1:1, 1.11.. 11

Close .si ' 101 ‘ ‘ 25 S

Hitt |.'l i:.1;. |.'.1.'_. 31:1, ::1'. 2.11; 4'i'*,g

New York

_i

Blocks

Al i"i||=iu

i‘ii||

l1‘o|' I'r

lfiiil

'l'1'l Tcl

.-\||| \\'iil1-r Aiiiii-1.|i1l1| .\|1-iii..-.»|i .\|| |l11i` .\i|i»1i|'i1

ii.il<l l.111»11 ii.|ii 1ilii11 21|-|~1ii.i .\\'

1 1-iii Si

` ':.'l=i .\iiii|

Ohio

i|i'_i1-.||>f‘ 1‘_ iii .\'11l iii

354

Open

240

12

172 -33 ..f§i1'1‘ 213%

Ain .\iii Ain Aiii

157',-Q;

lil

2';-'1- ».,.

0.'i‘.i'| -|

5.3

1‘.r1:i1 l'i'<i

-`|i;' \\`i~':giit

l>1»i‘1-

|.|i».1iit _ 1' .\|iln 111. 'Ii' ' |'|' Ll,

ID M :$§ 11a~`-33

-

_ _ _ _ _ --v-_r:::T:_--,_--_:.~"_‘ _ * _._

S to ck Exchange

‘ (5'D|l|loil by Pltfiolll A Co.

members of Montreal Sleek lmelllln and Curb Market)

Close

240

11%

172

4141,; H3 33%

3:11,;

90

oo-1;, i'_':if,i iii :i1. 4,1, IRS

11151;. 41i\._, -_'|1,,

_

lliwlhl by Woods-Bead A co.

_ MINING

|`I1\-r~

'1i|| 'l'il|:|1' i'1*. .\i¢'.1.~_v 11.111 i _\|'i|tt`ii1iil N. »\Sl1i|‘ii| lion) ii iii iii-.1\'.i|lL-e .~.` _

liaiziiiiiac '.11 i4i|||I»'i‘|i-i1| 1 :1 ll|11|~ .\lu~iu|5 I7 iii-iiiiio 111| 111-i||if1.r

iiiig _\iiss0url 1ii»1|i~,|~:idiliac

i:i':il11r|u-

|l1'1-.I '|`r ._ ll||il’.--I-1 .\iik #11

ll: lil

i`:ir .\l|i| 211

r.lli~ '|'r l".' il l'i||, hill i l'1>r ' i

1.

.\`1'i

*v

l .\|:‘i|

,1| llhsearcli

11 _i1»\ii_1n||iiiii

».1i|liiui

__ ,__\. 1'. 1. i|| ~ 1T_'.`1

l Nil .\|I

llifr C.Z'.'ii

1 i|l|i'i|l5:1~ lililli

:nl l\`iri1 21 ..|1:i '.‘1|

.1 I.:|kc T71

ii ilii lim lil

.\|il|

I i' |1|1~

' 7-ilillil

11 '1 III1-1~

. ii l~`11|11|i1 '-~1| .\i111 1"_'1.' 1 1 ..11»|.-i ' 6*;

:.1111 .'.1i=_1i

E.

, i' f‘|>

.\`1»r Ain Co ' _\' i- -

i

1| 'l'|r1- X11 l'i'|l i .\i1|! i‘i|r '_'(i1,§ l'1'I|

liiir

11'.-i 'i'1-l .\' .\l:|i| '1'1||i.

. l'||1: ily i \\':|r|.l

2 7/Q

;“.

N Q C* N 'A ;,-_Q1

Il .'12

171%

03%

(L'i’,Q 17*/4 5116

-'f1"i"i

8?' 2:41: 33%

1.1'-Q

f}.'i‘,§i

fill", 17?-1 61l‘,i.

:mil 111,,

. t' 1'.~|\ .lilil liis

`.'1|1. 1'1|.~'i| Reg

_\`-\\' York N fl

'.’sIl

1»r 111 331:/ 1'.-11-1. _\|..i " l'i|i':il.il11|iiit l'r\riii it 17 I'l|Il .\lo|~

l’|il» Hoi' N J 44". \“ii:~1\ iiil 1`1. ;>1'i1._,

1*'.»'1'~f

-iS‘1_1 Tl";» U“| `..‘l|"

|i1..ii.. 1'.. |11, |,.»_“` i:..1i|1- |< 1) _\1. 1 .\‘|-are "111» 1"1' Hoiiili i‘i|c 02l,§

N11] (til 1111] . S111 nil N J 71

N 1 11| |._. till \\i|,§, 7|

' |-.i.. 1:.-

_|1||i\iii' li

:Nl l!1|\'ll

'I1 '\1|‘

1

1 ll iiliiigi-r

1 11.1-_y

.-==

LZ: 'fa

ii :.l lt:i_\'

.i -lii.'1|1»

.l:i:'. l.-| l ‘ 1

Y'i'|i l'i»ii

ri Uro

lr-li l{.~.r -\1l|l 11115-1| Iii-l.1-nil C 1 .-||r11|»i1~ .\i |i’:||'.'i»|i|

iiiily

_\' rlpicrl .i1~liiiyr1.- 1-l(1~iw.ic R L i~.\1ill1iu

F-[1-\'i1lie

1 .\i1'\\`.1ite§l

.\l' ii L0

~/-5-»~.~: .1-V --1-

ii nl

'.\l11i|ai|\ .'\i11rr a Kirk .\I||r1i||y

.\I1i||

.\'||»l1~'s\||g l\'.|r|||i1ia

-11 '.".'1l ;'1>1, 3| i’ln

s u usum nai-

-00 110 h71u| 1.’1 ‘£2 i\`.'| 270

771| 25|

215| 2| .'|'.' 31| 411110 iii!!

4.' r

31 11| 4/10 170 15| fl

.'|

27.1 7117.7

,1 1|

Home tlii linii Oil 23-\g lm Pete ;ui1,.', .\i1-lrliers New 4

l‘ri1-o - Price Pfd ltoyalitc 5315 Itnht Mitchell -_».'. lloiland ~_1_a|M'

23 111151;

4 517’-Q 121|", .'12 21'. :21;

M

]'!ii

I Finance

LIVERPOOL, Milrch 19 - (AP)

35.500 American. Spot in fair de- mand; prioes 16 points lower. Quo- tations in pence: American, strict good mlddlinig 8.76;_ good middling 8.43; strict middiing 8.13; middling 7.08; strict low middling 7.63; low micidling 7.13; strict. good ordin- ary 6.63; good ordinary 6.23. Fut- U1'f‘S Orieiied and closed steady.

New York cotton futures closed

barely steady today, 19 to 23 low- er. May 13.90 to 91; July 13.79 to 80; Oct. 13.22; Dec. 13.14 to 15:Jan 13.15; Mch. 13.15n. Spot quiet; middiing 14.50.

NEW YORK, March 19-(CP)-

R.. J. Cullen, president of Inter- national Paper Company, today disclosed the company was an- nouncing to its customers a $50 base price for newsprint for the first six months of 1938, for deliv- ery at New York, Chicago, and other Atlantic and Gulf ports.

Altiioigh some foreign markets

are already bidding higher, said a statement issued by International Paper, “The Company hopes the domestic market will be stabilized at this level."

The base price applying through-

out' 1937 is $42.60.

The statement said demand was

running more than 10 per cent ahead of last year. FINANCE.

OTTAWA, March 19 -- lCP| ---

Car loadings for the week ending March 13 amounted to 47,534 cars. an increase .of 2,124 or 4.7 per cent over the corresponding week lust year and an increase of 189 ove: the previous week, the Dominion Bureau of t3t.itL-.tics reported to- day. The index was 80.50 against 79-96 tha preceding week and 70.90 the same week in 1086.

WTNNIPDG. March 12-(CP) --

Business conditions thmughoiit Canada during the past week con- tinued to hold ground gained iii recent weeks although some fluc- tuation in output was noted in various lines, the Canadian Cred- it Men's Trust Association said in its weekly report today.

edge in improved bulinsss while hardware, men'| and ladies' wear, and automobile fuels were close behind. .

Report of Maritime cities follow: Halifax: Departmental retlii

trade good while luxury lines con- tinued to move slowly. Collections fair. Saint John: Wholesale grocery trade holding steady. and hard-

ware business dim Improved. Ocean fblllllll th! DUT! had matsriai increase: and than was also rapid improvement in lumber shipments.

IANII

(Supplied by Woodadleade and

Dania ..._

Canada

i‘1|m|u1‘rN‘ Mon 1 real Nora iileuiiri aalicil

Bo.)

Close

%

.tt 219.2 :Um Ill

October--|33* i

uni _

.<t||1l.- 1'.. l'i|i i-1| Air I'||lt1-1| 1‘|\ l

St i'1v nil .\l

uniiiiiiiiii

rn.-r ilrux

\\' »_\i l'nin||

’ \\';

'i|i|1-1i llrilir |'|| l1~1l this Iiii

,,_~_

’ 7.7.'/_

=

fllifs- .'l| g

3 .;1. z- ._

'111.'_.

11111; 11111.' -liii

S1 _-. ~1_s

... M

.'|I‘,} 11'.'1<_. 6% im 111 im'-'.1 411., .':.'.11i 111' T112 mf,

lfllrieii Uiiicga

l‘auin|iv~ iiilll i'i|rkliiil I"-f__ Paiiloro `-“"..1 l’:\yii\|ii1tr\r hi’ l’1»|i1l Ori.-il|11 -"1-'I

l'l| ~ |

S70 fl!!

l‘1\rr1\i| » l'i1-k|1- 1'i-ow ‘iii i'i..n.~»r -’1-'-; l’nr 1‘|-mrn 1 |'1\\\ li1>1i.\n 13"' l’reinif>r --iv

-Cotton, 26,000 bales, including

i

Wholesale grocery trade held an-

si .\|r Fl

\\'1»,~1 |:|~~ 11:1; 11| \\’noIw11rtli .'12 .'i.'i

Produce Prices

MONTREAL, March 19-(CP)_.

Montreal open produce markets displayed a. firmer tone today.

i Graded egg shipments in cariois

nr less were quoted at 22 cents a pound for grade A-large. 20 for A- nioeiiiim and 10 for A-pullets.

Butter was quoted at 211 to 26

1-4 cents a pound for carlots -or less of No. 1 while lots to-retailers were 27 for solids and 27 1-2 for prints.

Cheese was quoted at 13 1-4 to

1-2 cents a pound for Ontarios while Quebecs were unquoted.

Potatoes: P.E.I. Mts. 90's $1.65

to $1.70; N.B. Mts. B0`a $1.35 to $1.40: Que. Mis. 80's $1.30 to $1.35.

MONTREAL. March l9-iCPi-

Butter and egg prices displayed flmincsr. on Canadian commodity exchange today.

Butter spot-Que. regrndcd 20 to

28 1-8; Que. buyers-ins/pection 25 7-_a to 26.

Cheese spot-unquoted. Eggs spot-Ont. A-large 22 to 23

A-medium 20 to 21; A-puliets 10 to 20.

MONTREAL, March l9--f.CP)-

Wheat, Nor. No. 2 $1.47 1-2; bar- lrzv, C.W. No. 3 01: oats, No. 1 62 1-2; No. 2 61 1-2; oats, C.W. N0. il 63 l-2.

Flour, spring wheat pateiits,11rsts

$7.90; seconds $7.50; bakers $7.40: winter wheat patents, choice $5.75 to $5.80; white corn 08.40.

Bran, ton $33.25; shorts, ton

$34.25; middlings, mn $36.25; roll- cd oats, bag 30 lbs. $3.85; hay, No. 2, per ton, carlots $9.

Cheese, Ontario, 13 l-4 to 131-2. But-ter, 28. Eggs in carioiis: A-1 large 28 to

20; A-l medium 2511126; A-1 pul- leis 23 i_o.24; A-laigc 21-1 to 26;. A- medium 23 to 24; A-pulicts 412.

Potatoes: P.E.I. No. 1 Mts. 00's

$1.70; N.B_ No. 1 Mts. 80': $135 to $1.40; Que. N0. 1 M15. 80's $1.30 to $1.35.

UNDATED MONEY BOX

(By _The Canadian Press)

Closing exchange rates:

Ai. Montreal-Poiind 4.88 1-32;

franc 4.50; U. S. dollar .00 211-32.

At New York-Pound 4.88 7-16;

franc 4.50 1-3; Canadian dollar 1.00 3-22.

At Paris-Pound 106.43 fr.; U. S.,

dollar 21.78 fr.; Canadian dollar 21.80 fr.

In Gold-Pound lla, lid: U. B.

dollar 50.41 cts.; Canadian dollar 50.418 cts.

_*___*-_ ~

E71-‘i-5-,',_-1l&.i.-'11 . | pt li ot hadnt' I

laaylh

‘7":;:.C'a f1’el»iotea'| l\*!*‘l'! QYQB’

i‘re.-|..1| F. l_I11ni1' Iii-ani .\|x1li

]l1‘1| t'\‘1'al. Rod Liiko

Ifcnii

lfituliio

11111111 Mont

ltnciio

Sun Antonio

Sliu\\'k1-_v Simi-rift

Sim-lic

Hliiiloii Mui .‘~lli|\~.- Lake

Slllllvnfirl Niillivuli S_\-l1:\\|l1e

’i`|i1N\|| i'flfI

'l°11i1||ri\

'l'i1\\-auinac

\`»-nl i|i'1~s

\\'aiIc Ainii wright lini-

..._ . l'!\`Ll§TED

Athena Rnllor

1‘:ii|1|iili|1-n

Di|\\'51in \\`l|il1~

l\1\iN. (`n|i

D1-iiiiianii 111|! Illu' Kirk 1»i'i7»rl-il at Gillies l.i|k1: 1|i‘i'1\r1~|| iii.

iioill l‘l.'|Kl1‘

li|i1l i'a1

l.:|lu- 1511111-ra

1.1-rr._v

Biiirliii Rini

\'i|1s|1i||i 011| liiiiumiid - ltl1‘i|l:|ii1l (lil

lirillyii llow.'|ril

'|’1»nn\\'n|i1la

i‘ 1' ada

prior- lin \\'1'at lied I1

MINING

|.'.

|117 _'.1111 111| .~| 1|||

ii iii._. 21| 'li|.`\ 5:: 315 .'¢||l |.‘t‘1i 11111 Iiil I7* iiiii i in Iiill ll1.'1 ‘.'T.`. il\'| 7.`1.'»

2?!-'Jil 514;-7 -1.!--I5 fill HS 221’-217. 4*'-Fil T2

11| TL' Tii

ii .H

Ti-TH |'.J‘ 7c.c') lil-IS ‘J-ll ‘|."| `|.".~17 il-lfi 0714111

1

'I‘O‘RON'I‘O. March lil -- <CPl -

The gold share market turned lnodcratciy st.i'ong late in the ses- sion today wliiie weakness per- sisted in the base metals and some of the oils. A spurt in Ma- cassa, to 7.75. up 65 cents, featured

metal list.

Beriior golds held moderately

steady. Hollinger and Dome drop- ped 1-B to 3-8 each and Lake Shore and Mclntyre closed un- chiuiged. 0‘Brien registered an ad- vance in 11.05 and the final aalc was at 8,40, leaving a net. gain of only 5 cents.

Central Patricia, Fraiicoeur, Kerr

Addison, Mining Corporation, Pa- mour, Pioneer, Red Crest. Reno. Sisooe and Toburn all recorded minor losses.

Noranda was an outstanding

weak spot in the base metals with a loss of 2 1-4 to 74 3-4. Hudson Bay sagged a half point and Pend Oreille, Waite-Amulet and Sud- bury Basin deciined 10 to 15 cents each.

The ionc of the oils improved in

the late trading. Dalhousie fin- ished with a gain of 12 and 1-Ionic. South West Petroleum and Cal- mont fimied 3 to 0 cents each.

New York Curb

-_...__

Supplied by WWC!-Bold lr C0.

lloeka 110|*

Am 1'yan ll 3051 iai (lla Elec 37 in Hu? Pow tilt (‘reolo 'et 33 ICI Hnhll 34|! 'J5i’\'|

\l'1 7'n

Ning I||\il Un 1 Pow A

J

Un L P01' PM 55%

the aftemoon trade in the yellow-'

i

1 1 1 i

UUUTATIUNS1

Corrected For Every. Wednesday & Sat- urday’s Issue. l

I!lCT.\Il. 1ll.\lfl( |111' 1

I -ii-r_\‘ l11iii1-li i_'.1_'.,_ ' 4'lri`11i:4 I7 l|i.\ iii, i',1|111.-.1 pk :;|1,- ‘1 '.i .~ :if~l|u i,',,.

_. i1|i11<'ii 1'..-

ii1-iiil li, '_'11 ,» riiu- II. 1 _ |||:||‘i--|\ '_-' 1

___.,_

1 ri

~

_._. 1:

'.1 1-. :1'< 1,, »|"1-..»-ii 7_3,-1--1

iii.:-1..

'il' '_':_.'- iii. ,__. 1 _ _ ... -_-,.7 ,_

'I7-

'1 *'1=1 4s.'.1|.- ~

Grain Prices

Cl’l\

Numerous stop loss selling or

rirrs were forced into execution '.1

- e _ _ W 1'0" » if'f.a...»11-1 -

. RDUND ‘JA -ft,-, 3"." jj \V"~`i3\_ 2--.3-’~`”i"' _

Q __ |_____,__ ___e»/____ 'M , \ <1!

.5 ~ .\ `

Q).

_ 1 Q S5. 1) ~`..-s¢*5~`-'/

f

1_,,....-- _ . . .is me onrsrrsr .»,_ _f/Sth- macriou 'rms ` ” --fi-1 ron suow Ano

_ _ N _ -,~,;-;1I- uuiwipnoveo .ferr Q _ aoaos

¢»~"':’~ ____,.- r~~ . 'i' _ .____, .. J __ -- -.fu

If " WHERE the going is toughest-

_ through deep mud, snow or un-

. ».. _ 1.1

'.1

_ 11.111 11111- ._

1lil'."._ll"*" -` 1 _

ff

\'

\ li\

,-J' aw/

1”

improved roads-Firestone Ground

Grip Tires take you safely through

without the use of c/rains. The pat- ented Ground Grip tread grips on _any surface-is self-cleariing-and gives positive traction. Don’t take chances of getting stuck in soft roads. Put a set of Ground Grip tires on your car or

truck today. No increase in price. See the local Firestone Dealer.

f»'\~P~ by Guardian's Special Wirii 0

CHICAGO, March 19-Exlrrii' 5 breaks of Ii 1-4 cents a busliei 1111>.. '

_place iii Chicago wiicat values L.-

tlie d0wiiwai'd sweep of the \\1l'.: ,.1 G R Q U G R I P T I R E S in.|i'l¢i.'t. Kulisas uiui Neiimsizii r.- Fon chns' Tnucxs ANU -|»RAc'|'°R§

ports of nioisiure, intlicati\'e of ii large dc-nicstic wiiitoi' wheat crop were largely responsible, together 1:.'iih tieartii oi export demand for -

it ‘1'_

Caiiadiuii \vl1c'_it, as wcll as denials 1 '_"Tf‘ '“"-" ` "" '_"`“~

that Aiigsiitiiia planned to rcstrict .

i

1

` I

i

i 1

'_ 1 J 1

TEJEQI

._

°‘." .G.-_==.-

1-8 cents under yesterdays fin-

-~i to 7-8, corn unchanged to cni. lower. May 1.09 1-2 to July 1.05 1-2 to 5-8, oats 1-2 1-4 on, and provisions 10 to

f

1;- t -t.. , "1i.“..°.§‘f’.‘?.’..., 11......-.. 1 1.... _ MQRNING 57051( LETTER __

i, May 1.35 1-8 to 1-4, July 1.21 I (B/eoeived over Pitfield and Co`:. Private Wire) I

NEW YORK, March 19-Thr: _;iLioiz,~, 11', 1.i.=.:..1.»‘.1.| ..:..: 1....», _ii

London' market, this m:>rr.11iq i"1M1h1i-_- i1I0;1l_1\' '1`1‘r='1'.1.'l_1|' f-rf' to

crnts. stiong- with interiiatioiiai i-_-ues 1 ii- -\ii-'»i1i1»'-1'~“<i- Iwi# 111.- _\1'1 Midi.- _ . , , . , ,

INANCE ahoiit the same as the r.'.!1».<.° i:i_t | -7"-' Pi'-'-111 .1-'i 1* <""1-- 1101' --hole- Nazw voiuc. Mama is-mei” i nirhr. Rfsnniieton ivnni _-nine ms . """'“1i"f’>"-' '-'-1’~f' ~“1'~' J 1->'1__ i1r'-__1'»1-»-

Raw sugar was Easier todaY- Shot i been .=f.>t_tled after it ooiilm-riuio hr-_ i." ii11"'111" 1‘i 5-"fi"f""fi 1'i11'~‘-“I i"1`-m prices declined 3 points (D me bn- 1 l-wcoii lilo nrcrirlciil. of ihc 1'oiii- 1 5‘7i"m" »`i|b~\-‘I--"V-' ‘-‘l11|`-"1if`-1’ 1 711- sis of 3.45 on a sale of 5.000 bags iilally and the A.F.O.L.o1'ficL:il.s .-*iii i_’1‘_i1_`~-' 1159131 §1"5-'fill 1-'L-'iii 3 S170.- oy Puerto Ric,-,S for rate Mai-eh ai-_ uiticic 1n_liic Wall Street Jc'.ii'.i.'|i _ i'~’ '-

rival to 3 10:31 remxer, this inorniiig slat/.~. llizit i|iiic.~..-. in- _ _ _

F,u,_m.es N0_ 3 Contract closed 2 _ come tax collections siir.-v: an un- ; M”-W \'Oiii'-- -Wir-'-'11 lf'-1iI~'1>Jrii

V _ _ , _ _ _ _ . . _ -..._-

paims lower to 1 higher mm Sam, _ usual l.i.._i, minute siiuit March rc- L°i’1"f1 17-~~-’-

of 9350 ;_°ns_ The No, 4 closed 2 1 f»i1YhS W111 fail sl.0i't of the esti- ' """""-*'-~;

to 3 net lower on sales of 26,050 mated 8111011111-\1.Vth'_l_'i`rC-"1-'I_l11"1'» WC C °

tons_ would look cn the 1ii'.1.t thing i!'._is‘ ll1‘fenCl€S

No_ 3 dose: MCU 2;-,5n_ May morning and be go\1ei'neri by \11i.~_

25C,J: July 25m; sen 2_501b_ N0v_ _ lime ullrl any i:li;ii'1:\'r‘1l;':i.t 1:: iii' ------

2:53n, _,an ;,_f45b_ iniirkei. on .~,m11li voiliine |v..»ul:i not ` \i<>i\"ii?i-Jil-_ \i1fi-

R\.nm.d Wm ,m,.hB,mm at 4_8" , bc a. .favorable iiiiiicritiun i‘1»1i1111 .'11-11.111. .|11 ii' i

_ 11|. ,\&1i:ii11;1 i1>;i'l.i1 1

for flue zrniiiilated.

.'.l.;

1 nt.

\viNN11=aG.i\ian~ii in _ tcm-_ _N"T\V 1'0m<_ .\-1...-1-11 1:1 1111-- 1 11:1-_ 1» -1-"J: 1-11'.. ' 1 ' _-_ - .~.

Unexpected weakmss at Lwcmoo; 11. C. \'o‘.cd to nlio1\_ rziii rfiie. io :.1 2.11 1111.1.. 1.1.11 |11 11.,:.~.-1;-'--.¢_ coupled with absence of export b.~ iiic|'ci|.1.e<l oii_ ii ii.=t of in;~11r~ii- _ 111111.11' 11' ..'-1i_ .. .:' 'support caused wheat prices 1o.°'m"°"" °""“m°d“3""1 Cm' loading" “"‘i"""" ‘E . 1 '

’l11l1.|1..1'C ` i

1

1

1

1 .

“S I

‘- P11 l<n1rd 1

slump 3 1-4 to 3 5-8 cents on the ` m""°“~‘°d 14-556 0111's- .\'1-iw rolex, 11.11-1-.1 1:1 _ .Aiw-

Winiiipeg grain-exchange today. U .L d F _ __ _ _ _ I.1ii:._i i_11i'_i_i;;ii ciii-ii-i_.1'i11.\_ _<np;1e_1i_ a _

At the close quomnons were $134 Cc_`{|_1_i__; _O Fi_i_<_*l_____lii_\ i|_..i_1-_i.i_.-.i_1.._11i i..' I 11.1,. ri .-...'.t-

1_2 for May wheat $131 1_2 for __0_ __ s _. 1. 1_11i.|.i.ii 11.0.1 _

July and $1.21 1-4 to 1-2 for Oc- ‘S _“`1- 111111 w_..iini__ nest i.»\\' The 131111.11 po-11:1-.i I-1.1 5-16 of a

L0 .r

gi.iii...i..11i .intl iii" \\ip1ii" oil

be Weeks to coiisxlci p.:|i._~. lor i'11oi'- .1-gin, -

1,.

11;: 7-1.; l-11 Ei ii';.i'ii1g

- - - ~ = l- ff i-11.111 11111-‘-'11--' 1 1 -1 1.1' i'1=.

Valiics sutzgcri i|'om the opciiinig Hu, $3110 _m_(__n_L_m _ F _ _ _ ' 1 ‘1 1 1 1 '~ 0- iJ» _ - _ .. . . . iiirfrircri i|'- 1-, -» 1 _ , . with lib1=i'.1.l profit-taking micigen- d,,,,,| _ Slum. ,hh _,ml oi O_m,);|_“__ _‘_i‘_‘_‘_' _i_'-__1_’_‘i' '_ " '_*_ 1 1'1'_-'li _'11 _H oral liriiiidntion hy: nervous hold- H ,,,.,|_.,.,,,md HH, '_ ________\, 1 _ __ ___- __- 1- _ 1 _ -1 -11-.1 1i_

‘ 1 ‘ 1 ‘1 1i"i'i1: -

ers. Stop-ios.~ sciliiiir iieveloneii.

News froin A|'geiiiii'|a that thu

governinciit would i'csti'ict export of wheat was said by it high offic-

1 1 . .lic |,11l| 1

ii=|:; licoii :|i>1r‘ |11 ..li11'.\. :i i|if11i1'l'i|

inoiitlis prcvio mild \vi1ntiir=r.

F1? ,_f

, " l.|. 1.1.1111- .-||'_'1| ." i'.»'l '.1

i!.'l\li iii 11.1 1_\1'r 11>;i'».-~poiui.. 1' ` U ‘ H '

1'?-`""~ ‘if-*i>ii\‘ HIP m:'11.i|'|' s'l'1>'i'.-‘ nr 'l'|1i‘ i'|'~:1_\.'. riiiiiizs of .1|i|pr:'-'1- - ` ' ‘_

ial to be uiifoiiiidcd and this was mmciy $5 Dm. p,.,,[,.:.,,`_.,I __h_._'___, (I.-\i. .'r.'1.‘D l?\i)i'.~"I`Il1.\i. \'.1.'r`.l\ a 1718101’ 1122111511 factor along with therefore iiiclicaicd- for c1ii'1,i'iii i:~- ,F . T1 sz- .I Y. , ., reports of ruin in some sections 01’ cal year. ,._U_.’,\[. f, ...lm"(l1‘_‘_',`,1\Pf_"""f_ , the United States winter helt. . 0- -‘ "-11 -\ ' --Ui- 1*-1111-1

selling of rye ci'e<lited to Chicago , Rcri Lake-Listing of im. M_,,1_,.,, 1 _fi~t_f~_`fi_“_';\_i__11i_-\-'_ll~_;i\i_L?1i1ili‘--_-_i_1'i-

f_h__,. ,1.. 11. .1.1

ilrms. Nearly all commodities fol- lowed thc action of wheat.

|ll)\\` .IIINEF .\ \`l'1|l.\(`~F1iN'

itsupnllni hy \\'nn1In-Ili-rule mul in.)

liialiislrinia 1¥-i.til off 0.l‘.‘ linilg 1115 .'|\` \||\ 014.

\'llll\|L‘lt IL' |I> iifl' il ll. on

MORATORIUM STANDS

1B_v The Canadian Prcssi

DRUMHELLER. Alta. -- Aiidrew

Gurney, miner, advanced his friend William Diiclis, a dollar iiiiiii pay clay, When he culled for im.\'l‘i<‘l'_t Duclis said li'r- would liavo to tak. ririvaiiiiigo ni the 60-riay moratoi'-| iuni. Giiriiey nppealeci to his right ' and left and in police court was fined $50 and costs on an assault

charge and bound over to keep ti-_e | peace. -

sa.i1§t'5BEf_“ 1

f`lI'1

.-1.

R/od Luka on lil; 'i‘.~.;<|i'.i,:i been :liipriivi-ii :|:i1i u':‘i on T|icsrl:|_\- Alzirrii 3111

Em

iii'

lo iii11rci|<-il d11iii1|iui ioi' iii;

.. .. - .,-,__ ,_,,

_ _ :.i1\ii1.'.-51-'ii.1i-'_ 711 ii _.i 1111.211:

H( -.~i‘;I1 i1:~_ i'..1.1|z .1..11i111i it ilii' ,init

ilu i"'l>11ll.1:1(‘r't-vi i.1~:i1111l .yi-,..

l"l'I'l`S}4llR<1ii. .\l:|l'1i| io li1ir~ "" ‘-"iE"'\-11"" if' \i|»i .__1'i111111\'1i

' ii ,..| V, .1 .

1 1

litlll

,,,,,,,._,,,,,,,_` ,O (mp in 1937 in _,_ ,_ .-.-.i'.'i' .ic'1iir< i1. 1 -_ .»- -

Siieffielri _-tool aiitl ir.-iii lii|'.:~

a c-o:1:,ldei'aiiiy liizlicr lnrrl

|,_"(;1', _ .1 '.11i1. iii ini- <il.~1.' .1 :-1 ll _ _'.111 .i:. -i. 'fl -‘l " ~ 1 1- mm] 1 ii 1 fit 11 1. -ii .1..~.\ 1|.

in 1033 and thi- oiit`ook is 1:ii1-o..'i'- 1""""‘ "1 1': 1°" ""1 ""' V 'I ' im"

'|11' 11|'1r\r\ 1 1

agii1'.'_

l\ION'i`IlEIA1., .‘\1i3i'1,-li IU 11111"-

nutioiial i’<'t:- i>|'od'_.<>t;o:i up l>f‘l' cont iii I1‘.~hri1i\i‘_\' iiiiri 51 1-311 chili. iii two iiioiiths oiirirvi I-`.

.ry l!|Z,i'l 1i\'r;- likn pp,-;n.»|. 1;"

bcff‘i'o b-.uid iiilercst 111111 ci<11i

pci 11.1

1936, After llic-'11 i'i'.:ii'_,1:es tli1~ ' los' for 1936 wris i.'lio\\'n at $213

1. li

'il

.ii

_ if -_ 1: :'_r|:.;'; ;1,:~',';

Il.'\.‘.ill.'lli.‘\_ (1.1 1`i_io:'_\'

'.\.1t‘»'.ri':. iii l`|' li|l1_'ii 'l'1’ ._ li.'1_:'-

41] \.1.~-il':' ('.i:i-)i.i,\ ||:_1.1 1112"” 1'-

1-1-.iii ;i'i ii11-ix.-1-11; 111'. 1' (_ 1,1: :1.i| ),,.-..- ...,.,. _ -.1.,'_, __ .1.,. _..._

ii i

,1_ 11| I i. 11 1 111 t1 1 11111)

M1'1'1'1|1',\- 11111.- 1~.1n~11i11i1s 1111- 11111; 1i11ii1'»11~.1, 11.1 1. -~1i 131111111- _ i 1.1.1 _

tion were down 4 6 ~ r"i 2,1.

iii _~ 11i <'..:..x.1.| l.i::i.:.-.i :1.i'.i.1'.:1i. 'ri 1: _'11ii<':';i! \\:1p.» ::1: .1 11 1.! "i '-. 1'

1

Mi V111' ii: tli;1ii' I1/_'.il |1l.|`.. Ui-1"i'_'11

_»‘.',.i'.l l.

agniirt $45,634, dcprrciiizioii 1:li.'|-g- lii"f`1iFif‘1--£`1\i`--i1‘»i'.' hi 1.11 .=-'.-‘-

es were sinul‘c:~ iii 1935. \V1::'i~:i cap;‘__.il pi'iicti:'i|llv lint-l|:|iii::1|

Caiiadals E»:ici'|'.iil 'l‘i'aciv--'l`11l

trade up 13 2 c' ilt ` 1'* 1h ..

mid 40 pci' 1-. ‘locrc tlufnll

oiidod `i<‘1'iii'i|;1|'1 li1ii'1` 1-1.ig;i1.'1».i

(‘()N(‘l,llDl-js' 'l‘RlAl.s like i\ci'1od.s Iiiliii. i|u|r.|.'~1- 1.1 1

SAINT JOHN. N. 11.- The first.

Boy Scout. ficlii |`a_\ for Saint .ieiin district. which was bcguiiimpressiv

A. last night. The even-is were i Of tlroundwood l1Uii1 T111' i€1'_~L

gouclie subsidiary has it capnv

friction fire making. signal relay.

,spinning_ knot tying, campaign t¢5(,_a, Was about 415.000 tolls, all iiiiren c gi-“up singing “mi fi,-5;, and gemiid of ll pci' cent fivvr 1035. while out- ciuss _ewimmii-1,;_ A guiiabio ii-1.1-k put was only 255.0311 in 11132. Cur-

l7'll`|.5 “Hs ::|1;|l'1|1:iilli|ir"_\ 11111' that of iuipoii- `Fi'n~m~ (111.111,.

iii; iiiiiii-s|xliii‘.1|i1‘ iiiiiiil ,.1 \'.`E|iii1,\i'l1ie

1.i'.k11 1.. 1111.111: iiscii-1. 1111 i-1 i1|0!'1i'..14 at dar.

:il QUi-1lll"1C-i..'.iioi' <i.p.~i'i|ii1iii :iri-

i‘.V

iioiizzi - ii _ 1i;1.=...;fl ..1,;' 1~ si.-_..11. ih\‘ 1' _';ii1ii1l i'|,- ;»' 11.1.. _-.1~11\

71,111.11.. 1'\'