ZIZLLIEPGULZ‘. ii, 19.57 _-

Trn: _ CHAR urwwrgwm “(jLi-ZQUIAN

[STOCK QUO

TA TIONS v

nouns - - " ———— New ‘ brk a b Pitfi id a c J l- 7

,,;,§,‘,',P""'° ’ ° '“‘ 8i... _ , FINANCIAL NEWS BRIEFS g: 0174518" m m OtOCk Exchange (Received over rnnuo and cm Private Wire) pk of Com - - Bk of Nova s 300 300 (Sun lied o; Pitfield a ca, “To . d w m“ Royal Bk 1B5 185 "Mk1"? :°'I"“,' can?“ 51' Ggfimligines-Iiixgzit iigaffgfibamf; ngnctftli-Iitas mew Dupiry

WINNIPF." WHEAT‘

[gunnllfd by Piifeid and Co.) flose:— n...-11i~=.

May-J 13 . Jnly-ltlfils .

II. Ii. S. IIEMMIIIG REAL ESTATE AGENT

SS Great George Street Tci. 1376. Ch"l‘ou'n, P. E. I.

JOIN TIIE BANKS and IIE YOUR OWN LANDLOIID

Why pay rent all your life when you can buy a home for yourself on monthly instal. meats?

If we have not the house you require on our lists, come and tell us just what yon would like and we will find it for you, and without cost to you. SERVICE IS OUR, WATCIIWORD.

___.i.i.___ r01: SALE on r0 LET

BRICK RESIDENCE, l1 Brighton Avenue. 9 loamy, Finished in quartered oak, lint water heating. Modern bathroom. Large lot. Price on application or will rent for $40.00 per month.

HOUSE AND LOT, 122 Spring Park Road. 10 rooms and bath. Fireplace; in don and dining-room. Price $3150. Very easy terms.

FOR SALE

iiii-t-

RESIDENTIAL PROPERTY on Prince Street in central district. 10 rooms and bath. Ilot water heating. All mod- crn conveniences. Price on application. A good ssfe in- vestment.

IIODERN BUNGALOW, Me- Glll Avenue. 6 rooms and bath. Pipele furnace. Hardwood floors. $3500.

TIIIIEETENEMENT HOUSE. Upper Queen Street. 20 rooms and store. Also a large vacant front lot and two hams. Price and terms on application.

MODERN BUNGALOW AND large lot in good, central location. 6 rooms and bath. Hot-air furnace. Reasonably priced at $3150. Terms.

FOX-RANCH 0N KENSING- ton Road. Two acres. Wire guard fence, 12 large, l3 small pens, and equipment. $1150.00.

"TIIE ELMS,” 182 KING Strcct. 15 rooms, Zbath- rooms. Thoroughly renovat- ed and exterior painted. New furnace. Properly may be purchased on small monthly payments covering seven years without interest. An excellent investment.

mill at Sylvanito Gold Mines has increased capacity to around 525 tons daily and it i; estimated the company will consequently be able to earn at least 30 cents per share for the year ended March 3i, 1938, compared with 28.7 cents for the previous year. Results for the next year shoud show still more improvement.

TORONTO. Dec. iii-Barber Larder-At the property in the Larder Lake area where diamond drilling indicated a wide section oi’ ore over 900 feet, shaft sinking has been started by hand steel.

shallow drill i; continuing during the sinking program to further prove up the indicated ore and to extend the present showing. Good demand has been evident in stock of lalc and it has been a notable firm and active spot on the un- listed market.

Pamour —Noranda controlled produced currently running at 800 tons daily will be operating at 150 ions dafy, early in the new year. The mine itself is nearly ready for the new high rate and all the milling equipment except the ball mill will be ready this month. This is part of the pro- gram visualized when Pamoufs substantial mill buildings were erected.

TORONTO. Dec. lfi-Shawkey- Special meeting will be held De- cember 2i immediately following the annual meeting to approve in- crease in capital from 3,500,000 to 4.300.000 shares. Other business included s by law approving changing the fiscal year to Aug- ust 81 and permission to keep the books of account of the company out. of Ontario or in other words st the mine office.

Stocks Open Cl .41 Chem 15a 15f" Am Can 78 73 Am For Pr Am Rad 13h 13E; Am Tel 'I‘el 149 149 Am Water 131-‘.- 13 Anaconda 3i at 30 i-'_- Atchison 40% 40 Atl RP.’ ' Auburn 61,; 4 Bald Loco Ba t Ohio 12!; l2 Bendix Av l3 l3 Briggs Man Beth Steel 56 54F.- Case 94".- 92 Che; Ohio 38h 37K‘. Unrys er 5h‘ 54': COm Sol 7“; '7". Com So 2 2 Con Can 40 39-7; Con Gas Co Corn Prod 62!. 62".» Cur Wright Deere 245,‘, 24 . Dupont 114 ill".- Elec Auto Lt 183. 10?. Elec Pr Lt 13% 13 Firestone Gen Elec 43% 42 Gen Foods 31h- 30”. Gen Mot 34h’. 33. . Goodrich . Good Tire Gt No Pid 25 24% Hud Mot Ca. '1 7 Ill Cent Int i-Iar 05% 641i IntTel Tel 7% 7‘.-’.- Johns Man Co ' Miss Pac Ry Kcnne 86% 361.’. Mont Ward 34 83% Murray Co N Y Cent 19% 18% Natl Bis Nat Cash Reg 17 17 New York N l-I 2-1’. 2”‘. Nor Am C0 21% 20V.- Nor Pac 13% 127i. Pack Mot 4% 4% Paramount 11% 11% Penn H. R. 22% 21v. Penn R R 22% 211;’: Phil Moi‘ 7915 78 Phil Pet Co Post Tel Cab Pub Sar N J 34 34 its 10% Radio Corp 6% 6% Radio K O Sears Roe 57 55% Shell Union Ou th Poe 22% 22% Std Oil Ind Bid Oil N J 44 42% Studs Co 556 554 Texas Co . United Air 28 28% United Corp United Drug 2i 200i United Gas Imp i014 10% U Rub 27. . 26 U B St Co 56% 55 U S 1nd Al 20% Vanadium i6 16% Warner Bros West Union 26 2514 West Air B 24 f4 West Elec 107% 106 Woolworth 377i 88 I Currencies

MONTREAL, Dee. l3 —(CP)— Pound Sterling declined 1-8 cent

3o per word;

psr inch. Notic- uvord. Other rain on application.

For Sale

“

' Advertising Rates-Payable in Aiiance

locals. lo per wont; Western and Eastern locals, to per worth Announcements and Corning Events 2o per word; In llamorism Notices, 70o per inch; Lists of Elurui nnd UDirituuI Offerings, Cards, etc, 4o per name; Letters of Condolence 70o o! Thanks and Appreciation, 10c per Illuh n; (i, p"

lliuirnum Charge for any advertisement twenty-five cents.

_ Normetal-Shipping of concen- trates from Normetal by rail will soon be possible since the railway line connecting the mine with Dupuy station on the C. N. R. is nearly compfeted, according to Northern reports. At present

to $4.99 13-16 on Montreal foreign eiochanges today. The United States dollar at i-64 premium and the French franc at 3.40 cents were unchanged.

NEW YORK. Dec. 13 —(AP)—- Leading European currencies showed little change in terms of

‘the United States dollar today.

The British Pound Sterling dipped 1-8 of a cent in $4.09 3-4. the French franc .00 1-4 of a cent to 3.39 5-8 and the Swiss franc .00 l-2 of a cont. The Canadian dcllor was down 1.64 of a cent at 99 63-64.

Classified

§fl1e§m<=nflee$<=0_

MODERN BUNGALOW AND one acre of land at St- Avord's, one mile from Post Office. Buildings ‘practically now. Reasonably priced for quirk sale.

HOUSE AND LOT A'I‘ S1‘. Avard's. A comfortable home. Very reasonable price. Terms also able.

IIOUSES T0 LET

1'75 IIILLSBORO STREET. 6 rooms and bath. Fireplace in living-room. $20.00.

220 QUEEN STREET. i2 rooms and bath. Two grates. IIot water heating. Exter- ior newly painted and dec- orntcd throughout. Garage and garden. $30.00.

135 UPPER PRINCE STREET. 7 rooms and hath. lIard- wood floors, open fireplaces. IIot water heating. Sull- Dorch. Range ilk kitchen. Good location. $30.00.

FITZROY STREET EAST. 8 rooms and hath. Completely renovated. All modern con- veniences. $30.00.

CENTRALLY LOCATED. 8 rooms and bath. APARTMENT T0

._-—i-_—-_-_-

3 ROOMS AND BATII IN Connaught Apartments. Furnished.

LOTS

We have a number of v-ry interesting newt building lots to off-r in different maria of the Citv, many of which ran he hought on monthly instrflmonts.

FARM PROPERTIES

Enquiries are coming in ilaiiv for the purchase of flfml. Let no lmmv your re- Iiulr-mcnts. We i-nvo a largo variety to select from.

Look for our advertisements on ‘I'm-adorn. Thursdays and ‘fWv-"wys in the Guardian or

C_It__l_l§_S__(_7_ori_i_Ssl_vc. 39c all D

FOR SALE-ANTIQUE CHRIST- mas Gifts. 62 Prince Street.

_1.-s5z-i2-i4-_ai_.

IOIt SALE-ELECTRIC RADIO. Apply 9i Elm Ave. L

RUBBER BELTING AND itUB- ber Traces at half price. Clinton Morrison, Dealer in Belting, Fred- ericton Statlari. L-5l4-m_-4-10i.

FARM FOR SALE-St) ACRES 0F land. Apply Mrs. Beatrice Neill, North Milton. L-773-i2-ll-3i. FOR SALE-YOUNG JERSEY grade cow due to freshen. Cyril-i MhcNeill, Milton. L_-_044-12-l4-3.. >"~

POD. SALE-FOX SIIEDS. APPLY F. W. Moreside, North River. ._¥:3?;*"_1*i134i-

I-‘OR SALE BY MARSIIFIELD funk, one generator, 110 volt and w; engine ready for service. Apply m“ M111, L-794-12-i3-3i.

___._._._.-_--

ron sane - room-av snnu.

"5 ca“ ., a -

m” a ,___ L-836-12-i4-6i.

IIEINTZMAN a. 00.. PIANO F011 sale. modem style. like new, guar- anieed. Will sell at a. bargain- Terms arronsed- ADPIY Hume Keefe, P. O. Box 204, Charlotte- town. Phone 89. N-601-i2-l3-V2i“.

ALL WAVE CABINET mggglgrand New 1037 model. Bargain. Tlerms if desred. Apply I-Iume Keefe, P. O. Box No. 204,

.chm°"wwwn' Hxpofiia-‘fiitl-Il.

Male Help Wanted“

_ RELIABLE AND EN- wggtfinmm to handle profitable work in Charlottetown and sur- roundings. Write to E. Iegere, Iewisville, N. B. civil! ‘mailm- stioru. L-800-12-l3-3i. A ‘ WA I) ' learn Barber Trade Short Nurse

Patriot.

I;

W C N DE RF UL OPPORTUNITY for ambitious salesman to sell

calendars and novelties. Highly saleable merchandise, largest commissions. With one of Can-

ada's oldest and most outstand- ing calendar houses. Address ap- plications to Box 491 Guardian with full particulars and refer- wces. Nj57-i2-i1-3i.

_____._fl4________

AGENTS T0 SELL PORTRAIT Enlargements. Big Money Maker, United Art, Toronto.

A.__W._Vlv_-480_->i1-24-36i.

Fr

WANTED — EXPERIENCED

llou-fflketllcr. French. Catholic.

Kind to cl-iidrcn. Give reference. Good salary to right person. Al} Cjlllgillsh;ML-834-l2-l4-3i,

P'LLI_QIPWYYFPQQ*I

To Let T0 LET-ROOM. GRATE. oz _Princc Street.

__ Efi§%:1_'~§:1_4i*l-

‘I'D LET —- IIOUSE 53 ORLEBAR Street. Modern conveniences. Phone 1324. ___ L-100-l1-25-ist;tf.

Miscellaneous can. STORAGE rnoun ms. L-787-12-ll-3i.

FUR COATS REMODELLED, RE- pared, Relined, Cleaned, Giazed. Calders, 205 Euston.

- -L-"l4_0-12-0-ii-t4.

FOX KILLED INADVERTENTLY. Owner can have same by proving property and paying expenses. John Hickox, Springfield.

L-MB-IZ-H-li.

ANYONE DESIRING T0 ENTER Colts in Futurity Races for 193B can accommodate and train two by experienced trainer. Reason- able rates. Apply Merino care Guardian Office. Liljd-lailli-Zii;

LOST IN TIIE CITY FIVE DOL- lars. Finder leave at Guardian.

i , Molar Barber Co - it's.“ ‘is’ Slit?” iv-am

Reward. L-Nl-II- lt-SL

from where they are slflilped by rail to Norands.

jmw your, Dec. iii-Steel operations for week beginning De- cember 13 are scheduled at 27-4

l per cent of ingot capacity against

27.5 per cent in the previous week. a decrease of 1-10 of one Point or .0 of 1 per cent according to the American Iron and Steel Insti-

tute. A month ago the rate was’

36.4 per cent which was u. drop- o! 4.6 points or 11.2 per cent 110m

| the week before.

NEW YORK, Dec. lit-The only

Diamond drilling with a deep and‘ week end news 0i imilvrllflcfl 15

the far east situation. A United States boat was sunk by JED bombs and several British craft were attacked. Prime Mini-file!‘ Chamberlain has called a confer- ence of the key cabinet ministers in connection with the far eastern situation. However. stocks in London are same as close on Saturday. The steel operations figures published around 1 p. m. and the wage and figur Bill Will b8 brought up in the House today. Indications are that very little legislation will be Passed 101' which the special session was call- od. The Wage and Hour Bill may get by the House bur it is doubt- ful if it will be ironed out by t- joint committee of 1116 56001-9 511d the House in time to have it passed by both houses. The same holds for the Farm Bill. Just. what effect the far eastern situation will have on the market today it is difficult to say. We would look for an irregular quiet market.

MONTREAL. Dec. IS-Bulolo- November “ ted profit $240.- 275 as compared with $28L1Z0 1X1 October.

Canada Dry-Jlamed $1.18 per share year ended Sept. against 35 cents previous year.

Sherbrooke Street Realty-liar- pected to show increase of about 5 per cent in operating revenues for year i937.

Montreal Curb

ii d b, Pitfi id and Corn- $354K ‘m! Montreal Curb pany members of Montreal Stock

Stocks Open Close Abllibi z » 2 Asbestos 53 55 B A Oil 22 22 Beaxiliarngts 5% 5 n o

35h Ag 10v. 10v; Can Vickers 4'5: *1 Dom Tar 7 7 Don A ‘

Fraser

Fraser V T C l5 15 pun-d __. 16" i615 Hir Walker

Home Oil 133 135 Imp on 1a 1'1 Int Pete , Melchers A 29 23h Price . 15% 15 Price Pfd

Royalite 45% 45

WIZNNIPEG. D60. 13 —(CP)-'

Closing future quotations wheat- Dec 120 3-81); May 115 3-8-3-8; July 110 7-8. Oats —Dec 46b; May 45 1-4ib; July 42 1-4. Barley—Dec 5B 1-4b; May 58a-5t2b; July 56a.

Cash prices: wheat—No 1 hard 135 3-8; No. 1 nor 136 3-8; No.2, nor 131 3-8; No. 3 nor 112 3-8; No, 4 nor 102 3-8; No. 5 wheat 94 3-8; No. 6 wheat B5 3-8; feed 75 2-8; No. 1 garnet. 115 3-8; No. 2 garnet 112 3-8; No. 1 dillilm 33 3-8; No. 4 spec 98 3-8; No. 5 SD16 80 i-4; tram: 132 3-8; screenings 550.

Oats --No. 2 0w 48: No. 2i cw 43 i-ii; ex i feed 43 1-4; No. 1 feed 4i; No. 2 feed 38 3-4; No 3 feed 36 3-4; track 46.

_ . Barley -No. 3 ow 56 1-4; N0. 4 6

cw 55 1-4; No. 5 cw 54 1-4; No. cw 53 1-4; truck 58 1-4. COMMODITIES

MONTREAL, Dcc. l3 —(CP)— Potatoes firmed slightly on Mont- real open produce markets today. Other lines held steady.

Graded egg shipments in carlsts or less were 34 cents a dozen for A- large, 30 for A-medium, 28 for A- pullets, 23-24 for B-largc storage, 22-23 for B-mcdium storage and 21-1 1-2 for C.

Butter was quoted at 30-30 1-2 cents a pozznd for car-lots or less of No. i with lots in retailers at 31 1-2 for solids and 32 for prints.

Cheese was .14 1-2 cents a pound for car-Tots or less of Ontario white and colored.

Potatoes: Que whites 80's .55- 00; No. 2 80's .3540; No. I N. B.

90's .8042; 00's .6'l-'70; 50's A6- 4'1.

A VIA TI ON

Aro ynn interested In the Alr- rruft industry If so, writs Ior free booklet, "More Planes,’ nut- llnlng employment opportunities and (ruining recognised by lend- ers of the industry.

Aero industries

Technical Institute

I102 DOMINION RANK BLDG. VANCOUVER. B. f‘.

or F. T. MAIIAR Rilii Iitnroy iii. (‘lfillvvlu l‘. II. I.

Americari a about the ,

will be ,

new ISSUE-

Saint John, N. B.

\

6% Non-cumui live Common Stock

hiaturuy 1938 1939 " I940 1941 1942

follows I

period.

r

T. M. BELL

%'~Coilatcral Tru ‘t Serial Bonds . . . . . . . . . . . . . . . . . . . .

Amount $15,000 . 16,000 l 7,000 18, 19,000

The Bonds maturing from i941 to r947 shares with cucli $1,000 bond.

The following information has been supplied to us by Mr.

$200,000.00 . UNITED SALES LIMIED

5% Collateral Trust Serial Bonds

To be dated December Iii, 1937. To mature December 15. i938 to i941. Principal and semi-annual interest (18th June, 15th December) payable in lawful money of Canada, at the holder's option. at any office of the Company's Bankers in the Provinces of New Brunswick, Nova Scotia and Prince Edward Island. Denominations, $500 and $1.000. Redeemable as a. whole at any time at the option of the Company on thirty (30) days‘ notice or in part on any interest date on thirty (30) days’ notice at 102% and accrued interest.

CAPITALIZATION (After giving effect to this financing) _\

Preferred Stock ($10 par value)

no par value) . .

SCHEDULE OF MATURITIES AND PRICES

NPrice Yield 100.00 5% 100.00 5% ,ooo; 99.11 98.91

(XX)

United Sales, Limited, Incorporated by Letters Patent, issued November 26, r937, tinder authority bf the Companies‘ Act of the Province of New Brunswick, has been organized to acquire all th-r: issued capital stock (except Uiructors" qualifying shares) of the following companies: Universal Suit-s, Ltd., Saint John; Brunswick Motors, Ltd., Moncton; Gregg Motors, Ltd., Equipment, Ltd., Saint John. The combined activities of the companies whose shares arc to be so acquired may be Classified us

(I) iU/holesale and retail distribution of machinery and equipment as well as automotive parts. (ICCPSUI-

ies, tires etc.

(2) Manufacturing all types of truck and bus bodies; o (S) boiling and servicing of automobiles and trucks.

ASSETS

The consolidated pro forma balance sheet as at August 3i, i937, after giving effect to the present financing, shows net current assets, less depreciation and reserves for bad debts, of $286.62i.22. assets, which include investments in subsidiary companies at cost, and fixed assets lcss reserves for depreciation, amount to $374,908.68, making total net assets of $661,528.90.

It will be noted that the consolidated net current assets are equivalent to about 98% of iiic total amount pf bonds presently to be issued. EARNINGS

Consolidated net earnings of the companies to be acquired, after making adequate provision for depre- ciation and other reserves, but before income tax for the two-year and eight-month period ending August 3i, I937, as certified to by Messrs. Hudson, liicltlaklin 8r Company, Chartered Accountants, amounted to $236,461.45, as against a total of $40,000, required to pay interest on $300,000. of Collateral Trust bonds for an equivalent period, being about 5.9 times bond interest requirements.

_For the eight-mouth period ending August 3i, i937, the consolidated net earnings after providing for income tax of $21,819.48 was $l2_3,043.7r, or over twelve tuucs‘. bond interest requirements for such a

SECURITY

The bonds presently to be issued will be secured by Trust Deed given to The Eastern Trust Company constituting n1 opinion of counsel a first specific mortgage and charge on all the issued capitol stock (other than Directors qualifying shares) of the following companies: Universal Sales, Ltd., wick Motors, Ltd., Gregg Motors, Ltd., Commercial Equipment, Ltd.

The bonds will also be secured by a floating charge on the undertaking and all other assets. present and future, of the Company, provision to be made whereby the subsidiary companies will not be permit- ted to issuc aiiyriiortgagc or other charge against any of their assets (other than the financing of new or used cars or giving security to .1i"i(‘ll' bankers under the Bank Act of Czuiarlzi in the (irdinnry course of business), or be pcriinitcil to issue any additional capital stock, preferred or common, with exception of shares issued to this Company, wiiiictiie present issue of bonds is outstanding.

MANAGEME NT

_ Tile Company and its silbsirliarics employ appro ximzitciy 25o people. Competent and CfliClfiili opera- tion is a rigid policy of the administration which has been favourably reflected in the rcstilts to date.

PURPOSE OF ISSUE -"

To provide funds for part of the purchase price of ihc sliarcs in subsidiary companies and f0 pruvfflc additional working capital, We ofler these 5 p.c. Collateral Trust Serial Bonds subject‘ to prior disposal and change in price, if’, as and

when issued and accepted by us, and subject to -the appro val of Messrs. Lewin a. Carter, Saint John, N.B., fnr the Underwriters, and Messrs. Porter s. Ritchie, Saint John, N. B. for the Company.

ffnpy of offlrlnl

8i COMPANY LTD."

IRVING, BRENNAN & 00. LTD.

mts 80's .82-63; No.1 P. E. I. mts‘

LIVES TOCK........

MONTREAL, Dec. i3 --kCP)—- Calves and hogs were slronsfir and cattle easier during wdafi early dealings on Montreal live- stock markets with trading active.

Receipts ca-ttie 1309; calves 744; h0g5 3144; sheep and lambs 1206.

Good steers made $6.50 with a few westerns up to $175. mediums fiom $4.75 to $6 and commons $3 to $4.50. Heifers ranged from $3 to $5 while cows made from $2.50 goods. Conner-s and cutters went for common butchers to $4.25 for at $1.75 to $2.25 with common bulls trading from $2 50 to $3.25.

Vealers ranged from $6 to $9.25. drinkers $4.50 to $7 with grassers making $3.50 to $4.25.

Good ewes and wethcrs went at $0, weighty lambs at $7 and culls and bucks at $6. Cheap went from 83 1D l4-

Bacon hogs, fed and watered. made $8.05 and off trucks $8.75. Selects drew $1 per hog premium with the usual cuts on off grades. sows made from $6 to $7 with tcps making $7.26.