.- WINNIPEG.

ii

(By John L.‘ Cooley. Associated Praas Iilolelal Write»)

NEW YORK. N. 11., April L-Tlio advance toward a balanced budget‘. sc- gamplishod partly by bringing divid- ends into the new -'_-,.'< fold, found stocks nenthusiastic over some of the means proposed for reaching the goal today. Prices again closed lower, al- ehgu h .doellnes wsri considerably smnlsr than on Thursday.

Thins, was no s ueeaing of shorts on tile first day of %ie new loan rule's operation. for enouIh stock was avail-

- lblo to borrowersjo forestall panicky bddihfup o! prices. Considerable cov- lflllf,wll done nring the first half hour ‘or so, but hen it appeared that no t l shortage o! stocks existed trail- prs ettied dowmfor a normal session.

so e shares were well suppor all day. ‘rominen ‘in this group were rnerican Telephone. U. B. Steel and ‘eatinghouae, {which had commanded large premiulnfin the loan crowd yea- tcrdsy, and these throe closed with fractional coins. Many lees favorably slituntedlenders. howeve , gave _wn,v to the prevailing‘, mood, which seenled to pi- influenced-largely by the prospects of taxation. lln many instances net losses were, limited to fractions, al- though morh substantial losses crop- ped out in -number of rails, iltllities

sari specia as. Turnover of 1.520.180

uliares wasfjuat above Thursday's. Equities which are facing excise tax- es were rather soft, this being espec- ally true of the motnr group. General iotors msde- a new lolv with Aub- urn. Studebaker. Tglaon, Nash and

Packard. Coco Cola hlid an extreme re-

action of-more than 3 and Eastman

-' “Grainy Market

I

NEW YORK. N. Y., April L-Bbhd- Id wheat closed easier.

lligh _ Low Ciosn

hilly ... “o “,.. 071/5 071,5 5715-58

‘July ...: ,. a 501/; 50% 0111/1-00

Dct ... ... ... .. 11150-62

‘NEW’ YORK, N. Y.. April L-For-

sign exchange irregular. Great Brit-

nln 11.10 . France 3.04. ltaly 5.17%, Del-

fium 1510111,. Germany 2.1.10, Canada

WINNIPEG

WINNIPEG, 110b,, April L-Jndlf- !erent trade with scant exports and lair offoflngs swinging the balance downward featured activity in the grain pit today. At the close values were 56 to 5i lower.

May dropped ‘i1 at 00%. July 5Q to @2116 and October M; t 04%.

Initial firmness due to bullish ea- timstes ‘of the Ullited States winter wheat. crop yiold was dissipated when support crumbled and prices quickly gear-ted under a fair volume of sel ing. Bulk of offerings were of a ocsi character and from no particular 'sec- tion of the trade.

New York confirmed salon of both Canadian and United States wheat anii lildicated further enquiry. but the air- gregate of salcs was not largo. ‘The nverage yield of willter wheat in the United States was given- ns 500.000.0110 bushels, a loss nf 300,000,000 bushels compared with last year's harvest.

Cash wheat and coarse grain trad- lng gent-ally was slow with spreads unchanged. .

cLosn Wheat-May oolt, July ezsga, 0.».

0ats—1fsy sous. July 311/413. Barley-May 40%.. July 41B.

CASH PRICES

Wheat-No 1 hard 01%. no 1 nor 50%, no 2 nor H0, no 3 nor 51%. no 4 41%. no 0 45%, no 0 40%. feed 88%. Track 501A. no 1 dilrllm 82%.

Barley-Melting grades: 0—row ea 3-0 w 30%. no 4 c w 3.1%. no 5 e 1y Iiti, no 0 c w 33%, track 30%.

CHICAGO

CHICAGO, lit, April L-Selllng a- Icribed largely to houses with eastern connections carried all grains dawn- ward late today. with corn reaching a new lcw price record foLthe season.

Declines of cereals came about in tho fnco of relative steadiness '0' tho stock market. Word that North Arn- erican wheat export business hnd been of, substau rally volume was al- so ignored. ~

Wheat closed unsettled 56-111 under yestorday's flnishycorn lit-y, down. oats 15-1‘ off and provisions unchang- eii to 10 cents lower.

Miscellenous

-J-i_. ' cos-sou

NEW YORK. N, 12. April 1,-Cotton futures closed stergvjCioslng bids: Jan 082. Feb 080, March 001, April i112. May 018-20. June 021, Julyflild-M, gen 061; Oct 068-00; Nov 056, Dec 0'12-

.‘ and: closed steady. Middling m, r Llvanroor.

.1 Cotton. spot in fair demand, Prices 911-10 points lower, American middlinir - fair I81, strict gooll middling 030, good Illlddling 400. atrll-t mod middling 5.117, good middling 400. strict middling ital, middling 4R1. atria-t low middling 411. ylow middling 471, strict ordinary 441. - ood ordinary 411. Receipts were 14.000 ales including 13,000 American,

__._._._____.____ TIADI REPORT

Mali, April 1.-'l'bo iFeQkIy trstio rcport'of tho (‘ausllilln

redit Ian's Trust Association Limit-

» {ed for the week ending April 2nd. 103'.’

i‘ r

.ls as follows

> Halifax-No improvement is report-

ed in wholesale and retail trade‘, Col-

lections continue below average. Saint John: Wholesale trade consid-

. trad satisfactory falling into consider-

ation the circumstances ltetsii trade ‘slightly improved, Collections still 0 l .

.1 Fraser, Inc. _ slslltttrAvsass

u-MARKET GOSSIP ’

Standard April 1 Mind 20rr 20st 20ft]. Today .. 50,34: 203-: 00.0 07.01 Prev day. . 110.3 21,1 01,4 58.1 Week ago , 110,3 00,0 02.4 Month ago 34,2 lazo elm Year n30 01,0 185,5 131,2 3 yrs ago 120,5 207.2 107.0 ll yilrs ago 112,0 1115.1 100.5 High 1032 110.8 111,0 11,3 Low 1932 . 27.7 01.4 08.1 lligh 1031 . 14 100,2 203,0 144,3 ,11gh 1030 ... 202,4 141,0 28117 215.8 Low 1on1 ,. . no. 710,8 ass ai_:l Low 1030 112,0 811,4 140,5 114,1 - x-New 1032 low_ g lVllAT THE STOCK MARKET DID - Fri bll. Number of advances , ,.. 85 ti"! Number of declines ... .. 400 402 Stocks unchanged ... ... 104 1m Total issues trndcd ,.. .. 058 057

Cit’ lo ~ ore

wilted to about the same extent. DruB. Gas and Standard Go's reflected the Du Font and Allicd Chemical were oft market's current attitude toward util- s point or so. North America. Peoples itles, but Electric Bond and Bhsre na- its were steadier.

Delaware and Hudson lost nearly 4 net, partly in response to its reports of smaller earnings and ‘decrease in value of investments, Northern Pac- iflc. Canadillll Pacific, New York Cen- tral. Lackawanlla llnd Southern Pac- ific went down 1 to 2 Santa Fe, a- lunllg others, niada a new low but re- covered partially. ‘

Several dealers out bankers accep- ‘llliliCB yields, which spelled easier Mon

ay.

STOCK AVERAGES (Copyright 1082, u

Montreal Stock Market Quotations

_-.._1_

Asbestos Pfd ... ,.. B C Packing ... B '1‘ L Power . B C Power A ... B C Pulvcr B ... (‘an Foundry ... C C Foundry 1‘fd . Can Cement .. (‘an (fem Pfll (‘an la Alcohol ,.. Can Pacflc ,.. . (‘ock Plow (l lil Snlcltill

1

151411414, fie/k so‘. 4.1 . 4a

i ' 21 iiil 5315i 55W; 11

Fraser Coys | 7P gllflll . 1li_l 14’ 14 ypsuln ... .. ~i| 31 .'i 11am Bridge ,. . I A.‘ 45,2 in h’ ltcl ,.. 850i 8 8 Mas llilrrls ... ,.. | I 3% u l?‘ 0 n» . . 0i av, s14 iii ll ll Power | i 30 Nat Breweries . l 24 Nat: Steel (for ,.. 1111015 lull, Quebec Power ... . 11%| 10| 10% Rhawinlgan 33 Sherwin Wil . i p 5i C Power 20! 1S 1B $1 C of (‘an 221 21 2i Win lticc ... ti,“ 3%] a-y, Commerce ... I 11m Montreal. ... - 915 Nova Scolin gap Royal ... ,. i | g1;

("o reignExcharlge

MONTREAL, Que. April 1. (By thc (‘anudiall Prellsi-Jlritieh lluil foreign Glghhlixi) in relation to thr- (‘anariian do lar, as complied by ihc Rovai Bank of Canada, closed today ns follows:

Argentina peso 11.2801 Australia ‘pound 3.3050

Austria schiliin

g not Bolglu .

m beige .. Brllsil milrcill ,.. .. Bulgaria iev not quoted

China Hoag K011]! dollars (‘seehosiorakia crux-n . . Denmark krone , Finland tinmark Franco franc . . . . ..

Germany reischillark .. (lreat Britain pound ... ..

0.1552 0.0721

Holland fiorin

Hungary pengo not quoted

lrilia rilpeo ... . . ... .. 0.3210 ltaly lire ,.. ... 0. l5 Japan you ,.. ,.. ... .. 0.371% Jligoalavia dinar ,.. ... . 0.0201 New ml-allind pound ... ,.. ... 11.81451 Norway krone ,.. ... ... ...

Poland aloti Poland slotl lioumania leu South Africa pound Spain peaeta .. . Sweden krona Switsorlaad fra

linitcd States mium.

n . 58 dollar 11 per cent pro-

TYlcAMontreaI

Curb Market Slacks lflighilloivlClose lioaaililrnois A 1 ~. 10 b5 10 Call Mailing ,| l3 12% 171 ll-f‘. rleagrams I 3% Dom Htores ... I 17% 17% 1714 imperial Oil ... -i 0t l) .0 lm Tobacco . - 1;, 1% W, ill l-iiroleum . 10% in ‘iltii A ... ... .| 7| 0% o-y. in Uiii s .. s’ | m, ll liobert Co .. ..| >11 Moss Mines .| i2 Noranda ... Q1713 i015 1080 Rherritt . .. iris Mines . l. 00% 00 00 ‘Perk-Hughes , ... , 44b 440 415 Walk Hiram ,.. .....| {I'll 0% 3%

New York Curb

l...~__.‘. 8t k Ilii hLo [Close Alhtigysn Ii .-.- .\ {til 3:6 3V: All so r Power ... .. at 0% A0 eo-.. ......’ -

2 Dru Traction . _10 .2-

ii‘

ilontraai llariieii Siiiolights

...-o__

MONTREAL, Que, April ‘l, (By the Canadian Presfl-Ths street today de- cided the adverse earnings report of Consolidated ‘ s ad not been asufflcently discounted in the xecrllt re- ceanlona on the Montreal Stock Ex- change and the price of the issues broke wide open.

Yesterday the stockjeclincd about 0 points to close at 01, Today it was carried rapidly downward, in fairly heavv trading to touch 41. its ion-est level in-several years. Altar reaching thr bottom a moderate rlly on in and the price advanced to 40 ‘lvllcreJt chat-ll for a not loss of 15 points, Sai- ea of this stocks were 1,512 shares. mailing it the third most active issue of the day

The market generally aagged with fifteen losses being shown at the close compared with 2 gains, Canadian Pacific, which owns the controlling interest in smelters, was weak ill sym- pathy -witl\ the mining issue, and

net loss of one pninLJt led in activ- ity with sales of 3.200 shares, interntionsl Nickel, Braaillan Trae. tiau, liicColl Frontenac, Canada Cem- ollt Priferred and Gypsum, the Allitibi issues and Quebec Power ail lost ffllllv tlnns. while the index went to a new low level in several years, at 28.88.

Trailing volume was mlich higher than the recent average. principally accounted for by activity in Canadian Pacific. Brazilian and Smeiters, Sales totalled 11.515 shares compared with 1.08.’! on Thursday, In ihl- honll de- pnrtluelit sales totalled 11.157 com- pared with 1,581 on Thursday,

During the course of the day's trad. ing seven new lows for the year or longer were registered as follows: Ab- itiiii Common at 2: B, C, Power “B"

in today's session developed quite a- broad rl-actioll ill an increased volume; of trailing, c, 1' a, wda the mnstI dealt 1n issue iii-re, and closed a full; point lower at 1415 while the other, two interlisted issues, Brazilian and‘

tlonally at the close, the latter to a

. lfsa ... ... .

.80 UL

ovnr A ... ...

,.. ~ w-v». ‘

international Nickel. were down frac- |

' THE CHARLOTTETOWN GUARDIAN

PAGE NINE

OTTAWA. 0111., April l-(By the Canadian Prowl-Continuation of cattle export to Great Britain from saint John was a feature of Do- minion trede this weeiqreports the

weekly livestock review. A shipment, made up of cattle from Alberta. and

on Thursday.

, dressed weight including

New York Stock Market

iiiisinci, uiiiiis

Department of Agriculture in lts|

of very high quality, left Saint John

Cabled reports received from Bir- kenhead show the market paying * Hid per pound for Canadian steers, offal. slumped to 111A. closing at 14% for a I 1193111911 19159113 m9 5519 9f 59 c911- adian dressed sides from 1% to 8d.

rs F100? AlilD BOND

QUO i4 TIONT‘

rogation.

Provincial Legislature. 511111 1- The House met at 10.45 a. m. Hon. Mr. Stewart“ taibled answers to the following questions asked by the leader of the Opposition! _ (1) Has the Government received a petition or petitions from 188i- denis of the vicinity of Burden.

North Carleton, Searletown. and , -Bedcquc asking for a road from Qllfltatlflns Borden to Seven Mile. Bay Church? (2) If s0, what act on has been itaken in regard theffli/v? Stocks IIIIQIIILDKVICIOHG (3) 15 1t the intention of the Gov- Al Chem .... ..| 1511111140 1'

n‘ 5: (. H P I, f H, Afericuu Can . 0113|001,g|iii1,{.

siaellersnivalrtiln? Grnlisunlrelitrl-Iii/‘gnnitrite 1:,‘ b,r“|'g,r'l'~ I "Ohm, “RfPolice officer at Borden?

giiiligltlllljiolhiifKfil at 8; and Quebec Poi - I AT {£1,925 ' '1 I (4) I5 it the intention of the The 11¢.» issues which managed to %flii,hix’gto"' ‘ - : Government 10511111011 8 Prohiblion

lnnkn llcnllwily against ibe tide were ‘ "' " , t l. t Bord-an?

(‘nnada Car Common up 14, at 01A, l m“ "1"" ~" " h‘ Inspec 0 a "

Canadian Forgings "11" up 4% at ‘ha, fifltggsmoel "' (5) Why did i116 GQVQPNIIEBL Sterling closed at 34.1058 iv it l, , ---. - - '. - ~

5,3,0, fund, n, a prommnffli‘! 11",); . (‘an Pilcific w. refuse the petition for felfllltldn of

cont, 9'” T "' ' Offcer Kinch at Borden? iioxranal. Que" April 1_-1laa¢t-|‘,"'-‘,"1 91“ ,

tlell by ll sl‘ s~ reaction 1n Consolid- | (‘ 6'12!“ "’ Anawers‘

am! Slllflifillg. .i;ul a coninunnce of<g°§“],‘"m,,t‘" (l) Yes. Also a delegation in-

selling r~~ -di ti i t tn " ,. _

Market iii ‘likfiililnstrezt? the lliiiilllnlsillfkf‘: i ,.!'|;:"':_ic' trounced by M1‘- 5110115-

. , .,

lien FnOTlS , Gen Motors G l1 Signal ilorliiyoilr iiubili-r llnilsloll (Ill

Hudson Mot ... llupp hint

ions fa telling terms by refiners.

emmenhto station a. Provincial

otion cf the Government. 13) No decision. (4.) Sce last answer. - i5) See answer to question No. 30.

umuifiut mcumuuu

‘uaunuri

Last Working Day _0f. The Session Buslly

Occupied In Clear- ing Decks For Pro-

i

intention of the make claims of road overseers who hsd been dismissed.

isnowpiough had been purchased by the Government. The Premier re- plied in the negative. A machine had been left on trial but it was lnot the intention of the Govern- merit to purchase it. Sec. 2 o.‘ the amending bill pro- vides that the highway superinten- dent shall appoint a winter over- seer for each School Detrict in his Road Division on or before the first day of December in each year. Upon 11's appointment, me overseer shall allot such portion of the road in his School District to as many of the male inhabitants of his district as he may deem necessary, whose ‘duty it shall be during the follow- ing wnter to keep the highways and public winter roads passable Exemptions are provided for in thc case of school teachers, clergymen. physicians, mail drivers and rail way section men. The bill was agreed to without amendment. - On motion of Hon. My. Stewart the House went inio committee. with Mr. W. A Stewart in thc chair. on an Act respecting the maintenance of deserted wives and clfldren.

‘The promoter explained tilat th» e11 was introduced 0n the recom- mendation of the Social Service lCouncii. The intention is simply to ‘provide legally for the maintenance of deserted wives and families. The

bll is a. oopy of the Aot in force in <2) The matter is under consfder- Ontarfg,

It was agreed to with amend- menis.

Third rcadng was given to thc

following bills: An Act authorizing the issue of

debentures for the city of Char,

iottetawn. An Act respecting the registra-

{ing into power of the present Gov- tion of births, deaths and marriages.

A11 Act to incorporate the Prince Edward Island Hospital.

An Act for the appointment of ggvpgndiai-y Magistrates for the different Counties oi’ the Province.

An Act to further summer-side Incorporation Act, 1903.

An Act m amend the

I To the motion to give third read- ing to the latter Act, Mr. Dennis

moved, seconded by Mk‘. Allen, that m as

‘sub section 2, repealing the clause reqwririg a portfolio ministers elec- t'0n while holdrig such office, he amended by adding: “Provided however, that the last mentioned alteration shall come into effect

from and after Sept. 10,1935." The amendment was lost on a. straight party vote of 11-15 and the original. motion was carried on the same

devislon.

1 p. m. the House took recess.

The House met after recess at 3.50 ‘Third reading was given to an Act to Amend the City of Charlotte- town Incorporation Act.

Hon. Mr. Stewart moved the or- der of the day for third reading of the Education and Public Health Act. _

Mr. Macfntyre moved that the or- der be discharged and that the bill be referred beck to committee for the purpose of striking out Sec. 2.

After discussion as to its proper presentation, m. Mcintyres motion was put and was defeated on a. straight party vote of 10 to 11.

Hon. Mr. Stewart then moved that the bill be read a third time.

Mr. LePege moved that the order be discharged and the bL'l referred back to committee for l onsiciera- tion of section 3. regarding the per- sonnel of the Board of Education, and for a more specific definition of the constitution of ssid board.

The Speaker ruled that. the mo- tion to discharge the bill was out of order.

Mr. bePage moved that the bill

The Prenfer stated that when‘ the Legislature prorosues it was the ' Government to a proper adjustment 0f the

w. McIntyre asked if s second

A PERSONAL SERVICE

Trust company

service on your

behalf and that oi your family is personal lnaimilcil as ills individual attention of many experts is given to ihc carrying oui of wishes exprused in your will. It, however, traniccndt ill: personal in that ii is not subiect to the irailties or limits cl the

‘ The EASTERN

Saint John, NJ. Chulolotewn , P.E.l.

Has‘ Olin: HALIFAX, N5. Measles, N.B.

- C. N. B|S5ElT—Managcr, Charlottetown Blanch.

individual. TRUST Company

Si. lolmh, Nld. Mar-heal, Qua.

i ._,.,\

of an Act to Amend the Prohibi- rlon Act.

lVfr. LePagc moved that clause 2 0e returned to. The clause, which deals with fines for prohibition of- fenders, was passed in committee at .1 previous sitting. The motion was iefeated.

Other provisions of the bill an: chat prosecutions arising for offen- ses within the City of Charlotte- town and the town of Summclsid. shall be brought for trial before the Stipendiary Magistrate, and that information for offenses under the

Act may be laid before any Clerk of the county Court. Penalties arr provided forpersoris not being oc- tupants, found intoxicated on pre- mises on which liquor is found. The bill also restores the right of appeal to the Supreme Court for both com- plainant arid accused. in Prohibi- tion ca/ses. No appeal on behalf of the prosecution shall be taken ex- cept; by order of the Commission with the written consent of the At- torney General.

The various clauses were discuss- .d at some length.

ban be placed on the sale of e).-

tracts. These extracts, he sad, eon.- tairied large proportions of alcohol them which was not being sold 1n viola-

and there was not one of

tion of the Pure Foods Act.

‘ Mr. Allen: "N0. n0."

Mr. Dennis: "I can prove it. You B11151"! the sell an an extract up there and it is no better than what your neghbor sells." He suggested that. the sale Elflillvfl should be under control of the Pro-l Act, 1922. ;

hibitimi Conunssion.

Mr. Dennis recommended that a

with Mr. Hunter in ziie chair, on an act to eunend the Statute Law. The promoter explained that he had long been convinced 01 the desir- ablity of an inquiry inio the price of gasoinc in this Province. 111cm was apparently no legislative machinery provided i0 deal uith such inquiry. Provision is now ileiri-z madc- for inquiy by Commis- sion cf “among other thugs ‘.110 cost and retail sale price within the Provnce of any goods or commod- iiy as well as the cost 0f carriage to and with n the Province of such goods or commodity and the spread between the cost of production and retail price to the consumer in tlii" Province."