Am '1‘ l . Airiiconrlu

rywulillilvwrvrflirrveccnfl i! .-

MARCH 9.19;:

YES TERDA Y’S s

v

THE Ci-IARLMTETOWN cu/uzorarc

TOCK and BONDQU

ooriir

AGE FIVE

i?‘ Y. Stock Markets At A

GI ' Exghqnge EXCHANGE

stocks closed higher. Toronto Mines-Ina uinriy higher. New York-Stocks nightly liiirhsr. Winnipeg-Wheat closed higher.

(By Frank Macmillan, furnished bymiohum Pms Financial Writer)

negro uf Mont.

(A. P. By Guardian's special Wire) nil B "e"- Mcelul idill- §§€¢§T°ié£$‘.?‘.- ‘i3 ..'““.‘.’Sf m" Yml-K» “em” l-“ml-“lel Curb Market. 155 Emlilmm‘ Mm‘ curing-iii. ' ‘ markets today dug in their toes Churlvttctowlll- ., and stopped yesterday's slide, but

C , _ their Farris-s back up the hill was

ony m es.

k oimu-a uni arrencles 105411118 equities were mostly M" ' higher but gains with a few ex- rc-usaiou rm.) captions were fractional. Corporate

Niiiw YORK March ‘I-Closing bonds were irregular. with United

strongly, the pound sterling recorded substantial improvement in the for- eign exchange markets today.

After holding steady around yester- day's closing figure for the greatar part. of the scnion, the pound gave a ast-hour spurt to asnd the ciosink quotation up to 34.70% for a gala of two cents.

The (Tnnadlnn dollar also registered moderate improvement, reducing its discount from 1 0-10 to'1 3-10 per-, cent. The French franc, closing at ll ifllbtcents, showed a IDII of .01. of

R C81! . MONTREAL. March 7—Monircal

down. -

R d . . . . Sincit RIB -~- Sir iir -

Te Tel Ii .. Cop

gold content, Wail Street circles

foreign exchanges turned irregular 11098.! and fears 881721255661 yester- . ‘m ‘W ludilllll wilili rag plouoliiroxizginruxtgng day had at least been premature. 11"! . ‘ L; lina gun an a e 58th v fifl“ hb [rah-E A iii . 13",’- 14 the United States dollar narrowly e w“ go n a on as“: o‘ i..." Add Mach 14% 14% lower. 03y passed t ere was a. reurn o m, ii .. 11 10v. The pound firmed s-ie of n ooiii at the general disposition to take a Pan Dry Gin 70% 1W. $4 81% while the dollar loll ‘a o! 0:0 sidelines position on the part of n,“ iie . 10% lril pcrccnt at one percent pftillléllflé T u many “wart "";'“¢Th' 5?“ damned '03 o‘ ‘ c" l 6'75 Volume on the stock exchange f‘ 0f ... o I r .i I I (‘feilfl Sofilir... 14.’ s4 sank back to the comparatively (‘orig aiiirn 2s‘; 1/. small total of 536.313 shares. The Cir?! gllltlihm -- 4%‘: “gya M, Associated Press average for B0 (Tic o ... .... g , as -- a "we "new 2c“..i:".i."*i.*.::..:..i:i2“.;" (‘n ufll . ' v ' min...‘ (‘no Elec w m“ P u.) . hlbiting the best tone with a rise (‘om to . ullu l‘ j 5 _ _ C“ 3f,‘ ' Qfgufnnh“; ALMQQ‘ 7’ orsllvgi? rgsggig lg uziwgvard course . - ' a nor o ' »

ram . Barley c w no a or. with arise 013-4 of a cent to 58 8-4 (‘ornnllaod -- (salts :3 \]V nl;0134:u- cents an ounce, the best level since l ‘I -~ l‘ i "i - late 1920 and the far eastern‘ cur- Ensxtfilvolréttlliii grilling avgeat patents firsts Ffillclw ‘View 5 5mm? £95m" in Illicc Auto Lita _. 4o. the foreign exchange market. pica Pow lllll —- flan]: tgvfpllrllldfioo°°~ Among the few leaders able to. qi-Q ,., .. ... ‘ . _ First Natl Stores 0 Flour winter wheat plleiltl. cliolco gdvmTfie-llhugle Ytlwia; weggdmgfgs Fro-sport To! - $4 30 to $1.40. N! 9 P 0 E 9- 1;... ‘Aispltlll . 3354 13 giourtirriiiggfgfm $5.10 to It so. 3091mm; n; 33t i-zilvtostfof tge rise; i‘ lec ... ... ...... .... --.' ran o .2 . .1_._ 1 _ l-‘ooda shorts ton $28 2-». £94m“ 1:“ cxlntoolfnsgor “ac om nou Motnrl . - s Middlinga mu $32.25. _ _ D0 - Hold mm . . I7 Rolled oats bu: no lbs is 0o. Fractional gains were the rule (ionilrleh nu 9 Huv no 1’- Wr loll "rim-l "m" amongst Canadian issues. Includ- uooiiycar ltuii .. WV:

Cheese no 1 Ont fall 11% to 111A. 121/9.

__ _ 2 Chem ‘unmet u n“ ed in this category were Canadian

tlrniinrrr Pulgc

... i was; sugar . .. aria Bum,- no i -_-.i w i4, Pacific, International Nickel. Mc- ( u‘ lu i? Eggs in cartons A 1 iii-go 3i. Intyrc-Porcuplne, Noranda, Brazil- F-lrlli A 1 "will" 31 iaii, Distillers-Seagroms, Fprd of 2'1 fig: Q furflgllgéf M‘ Canada, Hollinger. Lake Shore and 43v, Eggs A medium 2s. Hiram Walker. Dome Mines and 6 Ecol A pulls" 27- Imperial Oil lost slightly. 15% Eggs I3 U843 24. 17:54 Eggs B mcdlum 23. 271,5 Ioggs C 21. 101% Potatoes Quc no 2 whlics 46-50. 20 Que no 1 mts 50-55. . 30% N B no l mts 57-02. Loose Wiles Bl 31% I’ E I mtl no 1 60-66. McKeeuport Tin 07 “M” ‘mm w? ~ (Johnston and wmi; ' 231/; ___ CHICAGO. March 7-» 1:rl,4 Whest,— u- . . 1-3:‘? High Low l»: Min Pow Light M’. ~ New Haven ‘i, ' gg,‘ New York Ccn 13% 19-h (Cuuullun Prone) ‘i, s” my. North Aiuei- 10- 11".‘. MONTREAL. March 'I——Exr arlwl ' ¥or§h“!'ac H‘ 12% build Ihaflily on in?‘ dlifogtraii ‘lllglfp, an 0t . an pro ucc mar c o n7 u o - ,, Pcnil Rail .. 1st; 101/. ping steadily fof the past week. $5,, 3,33% 1-,", 3" N J‘ _ 21mg 2i Graded shipments in cariotl or less Se t ' ' 75,71 74% 75% Phil m: my, 1m were quoted n. 24 to 2o cents s dulen l’ ~ -1 Pullman Co 45 44% for A large, 22 to 23 coats for A- on“ __ Radio Corp .. . 1% 4% i8 to 10 cents for B large. i7 to 18 “fly _ __ 49 48% ‘o uiilio Keith Orph . .. 15$, 1% medium, 20 to 2i. cents for A pallets, an“ ' “H, L, 42% lep Iron Steel Hill, 07;. cunts fur B medium and 16 io 1i’ Sop} ' _' ‘ “W; m m“ curl Roebuck . ' ' '. " . c. hri‘ .. ' l o-‘cmo- o’ i: f"? “if” s1"is,."::..i'i=;.:::i I. g unc an o u o . < _ J l5 for car ots or less no 1 grade. ¥IEIIS§I_E_EL'I MM“ 7 . 0 Solids for 20 cents and prints for 27 ' 1n cents. _ mug i o ,3 c po | V 0%}? “On the ‘cliizeule rripllaOntaéllol lfixii Low 395,2 for late-fall make and a cent more fin’; ' 71 for summer lines. Sept I 19% Quebec no 2 white potatoes sold ' ' ‘ 31% for ill to 60 cents llcr 80 Pound bug 0M8.__ 31% and Ne} mountains for iid to 66 m“, _._ ‘ _ w. 40% m“ .11 cents. ow Brunswick inountnlns Jul-y _ i” 40?: M“ w“ 47y, brought d7 to 02 cents and Irinco Ed- Sept _ _ _ __ ' 331;’ ward Island mountains 00 to 00 cents ' ‘ ‘ f”, for similar quantities. 0% ——-——-—_"*_“_“ .5, Bros c. Urges Progress fig ‘gut-ea ‘Bros . . - . cs n on eci . 31% West Iliicc . 8 Smelt ... .. . 117 11R Woolworth Co .. Val Steel ... ... ... .. 111% 1.1% Worth Pump ..

ammoumm, March 6-40?)- An appeal for more public oiliflbci-a- tlon of the Girl Guide movement and suggestions for changes in the uniform to make ii, more attractive . and couifortable to various climates are mode by “Vesta? women's edi- tor of the Melbourne Argus. fol- lowing the recent visit of the Chief scout and Chief Guide. Land and Lady Baden-Powell, and the various

Yellow Truck

Advertising Rates-Payable in Advance

Control Guardian locals. 4c per word; Weston sud lantern locals, la per wunl- Anuouuceiuantu purl (Io-lug Innis, lo

Notices. 10a prr luohi Lin; n! Ilunl and etc , 4o IO: IIIIIIII latter: or condolence 10o

Is. per word: In " Spiritual Offerings, Cards, bur inch; Notion of Thanh and Apflloiutlol. 70a. per Inch

NE W YORK I

States governments and the high- est grade loans mildly reactionary. The foreign exchange market. quited

Sentiment in regard to the long- er term future of the dollar was still confused today, but following Washington denials of any immed- iate intention of cutting another wedge out of the currency unit's

apparently concluded that both the

(By Johnston uid Ward's lptrtul Wire)

IOHNINO MARKET LITTER

NEW YORK, N. Y,_ March ‘P-Tlia market yesterday was one of the molt erratic experienced in a long time. The opening was active with prices holding rather well. Upon pub- lication of_ the report of the Presid- ent's remarks regarding tbs value of the dollar in reisiion tn debts. prices rallied sharply and then declined ag- ain when the lnirrpretation placed upon the remarks yras stated to be erroneous. New lows on the move were made in rhe . afternoon. but by the close most of the losses ha! been regained with some cracks sing higher on the day.

Whether fear o’ a furflier decline in the pound and devaluation by the

gold bloc or uncertainty over the continued political confusion Washington was the cause of the

selling was not clear, The outlook for business, though not bi-ight, would scarcely seem to ba poor enough to bring about such a sudden ociinpse in prices as occurred in tbs past few d

ays. Volume was heaviest on the down- side for the most part yesterday, but the ability of prices to recover late in the day lo that the Doiv Jones Industrial average was higher, was an important offsetting feature. Laidlaw and Company,

SUMMARY

NEW YORK. N. Y.. March 'i-Baiik of En land late unchanged at 2 per ollar opened lii .on..on mur- ket at 84.74 to the pouat against Wednesday's close of 84 775i. Gold bars quoted in L n..on ket at 148s 10d against 14 s 4d. U. Gypsum Co declared reguigi- quarterly dividend on common.

American Agricultural Chemical of Delaware declared regular quarterly quarterly dividend.

Stewart Warner Corp and subs, year 1084 net. profit $571,908 alter charges equal to ill cents a share ag- ainst net loss 81,701,060 iu previous year.

W. A. Sheaffer Pen 60., declared a regular diyidend of fl on common for the first half of the fiscal ycnr ended Feb. 28. 1930 last previous pay- ment was a semi-annual dividend of 50 cents on common.

Studebaker Corp and Rockne lifet- ors Corp and prlnicpal subs exclud- ing Whlts Motor Co" receivers re- port for 1034 shows net loss 81.401,- 085 after taxes. rcpnlrs and‘ replace- merits and depreciation of $06,175. but ca doprecintion on mfg plants and property against net loss 84,870,- 307 in previous year.

ml!-

Hiflr Low Lult U!

30 Ind 101.94 98.77 100.22 0.18 Illlh Low Lent Off

20 Rail! .. 20 S0 28 46 28 0i .33 20 Util . . 15 U8 15 J0 I5 20 .09 40 Bonds . 90 08 .18 Dow Jones.

FLAQK

It is freely reported that China is preparing to abandon the silver standard. Official action however, will depend entirely on whether China can obtain foreign credit The Finance Minister of Chinese NaUl Govt, said today that he is negotiating for s largo international credit,

' Dow Jones.

DABING LETTER Wednesday Evening

NEW YORK, N. Y., Wheat; and corn rose}! cents and then lost 8 cents each. Would not loss courage, but hold on for the present. Cotton closed 8 or 0 points lower, but as the Government lonnl 12 cents a bale. it can't go much lower.

Stocks sold off again, rallied very sharply, then broiro again, rallying ngiill 1 to 3 points near the close. The Industrial averages got down to 98 S1, but closed slightly higher than yesterday, Tuesday.

Quite a number of important stocks closed higher than yesterday such as Can. Gen Electric Westinghouse Fairbanks Morse. Bobn Aluirn. Int'l Harvester. Western Union. Ccianesc, Cerro do Pasco. Am ' Smeitlng, Mc- ntyrc, Union Carbide. Sears. as well as U S Smeltlng, a ioflof other stocks closed unchanged and very few closed more than u fraction iowcr_ the stocks are 2 to I that the reaction is over. Fairbanks Morse did not go nl low as last week, closing higher than yen. terdiiv it 21%. buy some it 2i to 20.

Phillip Morris went i‘; below its former low, which means absolutely nothing. because when the market ls weak. as it wasthis afternoon, some one always tteta scared nnd sells a good stock in order to protect a poor 0M. I strongly advise its purchase around tbeso levels for an early ad-

Mzrrch B—-

MARKEL i cossm

higher than yesterday, buy some be- low 4B.

Celancae which I acid to buy our ~23 sold several times at 28%, closing at 24%, also higher than yesterdyu. Buy scams below 2-1 for an advance to

ncar 4 General lillectoicéiso closed higher.

Buy some around Col. Carbon recommended since it was below 70_ opened at 7d cloning

70%. woudl buy some near 6.

DuPont also closed V. higher than yesterday, buy some around 90.

Radio B got back once more to 89 ‘A, buy some there.

Tbrrltnlis were again heavy, but would not be afraid to buy Nickel Plate pfii around i3, Southern lily pfd 1i in 10-. and I still expect such higher prices ln the gold and silver stocks, l also think Cale and Johns iifsiiviiio are near an important turn- up.

Ba ring.

Dome Miner output in February $494,553, gold recover of Dome Mines in Feb. is offic estimated $494,563 from milling of 43,000 tons after deduction of Dmn bullion taxes and mint charges, indicating net averages recovered of $11 50 per ton. This compares with estimated re. covyer of $545,780 ln tho Dfecedlng month “containing riirce days more" from 47,000 tone. aftci- bullion m“; and mint charges, or an average net recovycr of‘ $11.01 per ton.

FLAIR

Retail deliveries of Chr sie r iii week ended March 2nd toytallgdclfl: units, gain of 20 percent over prev. ions week when deliveries were 714 units first i] weeks this year totalled 4,68? cars vs 544 in same period last yea .

Dow Jones. nAivoavs "soon LITTER"

MONTIIEAII. Ql-lBo March 7—Tbis milllllllil Plllly. is not particularly ‘WPFBBIIVB. All)! further recovery is not likely to bold for the time being.

Amendment of the holding company bill to permit public utility units to continue operation under Govern- ment Control if it ls found their dis- solution would hurt investors was re- commended yesteraiiy by Rube" Eh Henley of the Securities change commission, Quito g of front from Mr, Henley‘: original view that nothing less than complete elimination be considered.

becretnry of Commerce Roper yes. terday proposed nn international co- Oilcrrltive iadc study to stimulate world commerce. The time is ripo he said for representatives of nations throughout the world to discuss what they can buy and scil each other.

In its current insure "Iron Aizc" nt. tacks the recently signed trmic pact between the Unltcil States and Bel. gium on the grounds steel mills in the isttcr- country will be able to land their productions in U. S. ports for less than its costs American iuiiis to produce finished goods. Reorganization of Abltibl Power and Paper Co. with $10,000,000 of new capital is planned according to Tor- onto report.

Industrial activity increases in Canada. but apparently at a slower Nca than was the cnso n ycar ago, comments criic-cnt Inonihly comm“. cial letter of the Canadian Bunk of Commerce.

Collateral borrowings by Montreal Stock Exchange member firms tntnl- led $18,801,800 at end of 100b, rep. resenting dccrenso oif $522,501 for month.

Trade observers who gauge activ- ity on the bnsls of performance of the heavy industries. hold iiint sus- tained trudo nt current lcri-ln will continue as long as steel operations hold near the current rnic uf oper- ations. Steel activity is cnrri-ntly Iii‘- lng sustuineri largely on continued demand for steel from the nrito corn- pnnles, a ricmnnd likely to be maln- tnined unill next Juno. As soon as weather permits building construc- tion ahouid geiicrritc some additional buying 0f steel products.

This morning's dullness in the golds is nu opportunity for further buying. Trend in the gold shares is emphatically bullish. Iloiiingor has been in rariu-r hi-nvy supply recently. Partial ligbicnirrg rrp oi’ n good rnily might be considered. Proceeds could be placed in gold shares as oppor- tunities develop from time to tlrno.

Bennton Thomas told n group of monetary reformists yesterday that the Roosevelt Administration should be urged to put $4,300,000 of the new money lpto curculatlon inrrncilintcly.

linnon.

FLASH

The monetary situation mnkcs it necessary to convene an internation- al monetary conference aimed at ihc stabilization of currr-ncies. Finance Minister Germain Martin iolrl ihs Finance Commission of the Chamber of Deputies today. ho cxpialncri liie

_ celebrations in the Qnmnonwedm gravity of tho situation caused by mfnrfiuT-“l-IKT-yrlcfiml-mn twouQ-fivo oeuu. ‘The article says; "Why ls it the vlgelifllilntglrlszé hlflt groru-zrcglnmendcd drililiaii-lfwtunuon of ‘he pound an“ "w Girl Guides have failed to evoke "f" 45- "H" to 46 closing K Dow Jones. . the sympathy and “ ' that llTl:-—3I par word, cam lluor has been poured out. unsperingly on which “u, “r mum “gm m , BALTI S I. wIsMroi-urazuorm of two mum For Sale me scouts-.- _ _ , Why 151i they color u m“ u “gm m weight I C C1100

find it difficult t0 obtain an ade-

quate of “ “e Gulders?

"It is not enough to say that the Guide movement is younger than the Scouts. It has to be admitted that the Guide movement in Aus- tralia has not even begun to rouse any fervid sentiment in the Dllbliv atllarge, and that women generally have still to be convinced or its value to the individuals composing it and to the community outside."

The A "trelian waiter declares

Wanted

IANTID - COAL BURNING breeder. 500 chick capacity. 600d condition. Wallace Whcatiey, Charlottetown Royalty.

11-5107-3-8-81.

CABDBOABD BUITABLI IO; lining outbousss. etc. 1r- per sheet. Guardian Office. tf.

HORSES FOB SALE INCLUDING Big Clydesdlie Ooit 2 years old (ready to work.) Waiter B. Weeks. Fredericton. L-iiloii-a-il-li.

It: BALI — AUCTION FOB-TY- _ v0. Bridge sud Whiat. Scorn those who have been l ponsibie for gttzf-fimmjvlfs°°g":,m Cards. ouncnio Central Joli the building up of the Guide organi- tm“: a power pump." a’ 1 H. R Printuy. Nov. i-tf gation have had to_ meet a strong exoctflc mow" 8 My can’ a MM silent due to the A FOI- lALI - I-ABM A’! MOUNT

° ' that girls pumps 40o pipe, 6 Bsatty persistence of the idea broods; “w”, 1 mount“ A" Albion containing 100 acres. illor should spend as much of their time

Miscellaneous BARGAINS FOB FARMERS AND

to be sold beimv factory cost. Dlrticulara lppiy Wallace as possible in tlish-ovm homes, and Pmw" ‘Mmllfl- 1mm’ "9"!" mahm’ “nmgkioa-a-s-ii-is. agsbgrtnungitefrfoeggleslshgoollliegh:

sntative, Kc gton. 5103-3-8-9-11-14-15-18-21-22-2891.

‘Nlyfalc Help Wanted wanna _ mu no worm on

likely to have a bed influence upon

th . . unusual! s-roox ma: nus fiwmmmun, u, m, w,

at 56c each. Plum and Cherry M,“ "m, trees at 06o each and other fruit- gmw d y c", m ‘,2’:

m‘ "mmllm "wk “i m9" girls r uontly out, of thelr homes.

is . A u. to s snail. "b" P"'°'-'- Wm‘ ’°’ “imli” and notwithstanding the fine mbkll rnliinm n31’ tL-xlilM-gi-lijli: l"- 5- mm- swlhlwrffbnbaai influence that the oiuas

_ precepts and laws should exercise. this ob- jection is still frequently met with and __ ‘A I in. however £10m-

gnd log ci:.iy it may un- ‘uy ‘f’ the arblols says. "Personally. Y. am much flop-

MAN wanna ma. aliwbclon Route of O00 fumiliomllfritc to- dlli’. Rawielsh. Dept. MIO-MO-BA, Montreal, Canada.

N-im-a-a-a-it-n-zii.

Lost

LOST -— Till %AIN Hi CITY.

porous am “u. ' one»

rumsnu mu vov. noiroiuin Finder PM" "m “i fawn puma Ukcwier ti was store route, this county. No scl- H ""'”‘ no occasion nii whim the prliiic inc: distribute. collect. exp-rave " "r-r coals ace H1991 in their strenqth.

unnecessary. should N‘ ‘m’ nosr-asrwum u II Av- indaaendmlly or the bovc- My own

1m moldy. Apply Shams: Mic, _ _ m“; impression n w that the various ____ . Mm. _N-i895-8-a-ii. w‘, Smrfghg" “M, gei-iipuiies oi’ ("iuides mum busy ~ ' ‘ leave at Cudmore Bros. than! h‘ "ddmm'° “"9 r2;- Found ~-. "warm v L-un-‘Ja Th; ‘Argus WOMEN IIRM‘

. . it ‘ LOST - 1.1011’! IIDIUM III» many ver Pox. finder return to Ilrtflli Willis,