FEBRUARY 20, 1940

ll0l|SE WANTED

Wanted to rent immed- iately for c first class ten- with modern

ant, house equipment containing four or five bedrooms.

HEMMING REAL esnn: --- t. (Clnudlun Press) Th M ‘t, i Stocks Close 9 all iliifl s... c and r- 251-2 Am For Pr 1 5-8 T t c Am Rad 9 1-2 HIS llmpany Am Tel Tel 1n 1-8 Am Water 9 3-4 Anaconda. 29 1-2 r 1-2 gifigliglfi 23 3-8 Few", i" ii" Y?“ "idea 5°‘ ngidwin (Isoco 155-8 Willi-i" 3i 1959- Bendix Av 31 1-8 Ml‘. H, P. R/ODIIISOII. PTCSIGEIII Bgm steel 7}; p0 i '2 I I 5 ' -- “hmii? ill‘; léfilfl-‘ill. i..”l‘~“.“‘c.§.“ 3r." P“ l" l”. {lillillv for 11x11; artful 19g: fttiigwlns the coilyoil 2i 3-8 0 Owing C 5 Xi? Commonwe So 1 The Gross Earnzngs for the year con Edlsona 31 7-8 ‘were 528-30732. Tile Expenses oi Curt Wright A 29 5-3 Management, Rent, Taxes, Advertis- Elec Auto Lite 37 [Ii-ii mg and’ other charges were §l7,079.- Elec P; Lite _6 5-8 02. Profit before providing ior De- Gen Eee 3B i-2 preclution and Beserve for Federal Gen Foods 47 J-ti Income Tax $11,288.70. Less: Gen Motors 53 Reserve for Depreciation 8119.19. Goodrich 18 3-4 Term 311.1595], Goodyear Tim (A 24 l-Z Less: Féfl-ETZII Income Tax 31,- Gi N" PM 21f?“ tiaelli Net Profit for Year $9.4m- gei-f CM‘ , f; 33 _' ‘ Dem Kennecott - 3c 0-8 givldendmbeNoalé Iigldafl Mm“ Wm] 5* $5.H55.00—-$24.912.37. Surplus at g YACenégal lg 5'8 Doc-miner a1. i939 $34,399.70. Ngif Pgicwc "é H, The Balance Sheet of the Com- Paatmoun‘, 8 1,3‘ “m” P» R ASSETS: Chsli on Hand and in fill} ygfg‘; T5 Bunk $4,509.16. Investments F203,- pure 011cc 31.3 727.91. Accounts Receivable and Radlo Con, 55.3 Accrunls $9,061.58. Safety De- sears Rm Co 33 7. pcsit Vault. Furniture as Fixtures south pacific 13 1_ K: Leasehold Inlprovements $i4,- gm Q11 N J 44 3. "are"; Sim" ‘l "- vion -‘ .' . '. . erre Tlexas Corp 4 Cllllfgffi $380.18. Calls Unpaid United Air 47 1-2 $1,207.50. Total $220,048.11 Estates, United CON) 21-4 Trusts and Alzeiiry Accounts Funds. United Drug 5 l-li Iiivevtmcnis and Properties $2.882; United Gas Imp 14 5-3 87114-53103 510.20, _ U S Rubber 37 1--1 LIABII I'll-ES: Reserve for Un- U S St Co earned Fees 513191.24. Reserve for U S Ind A1 :11 l-l} Federal Income Tax $1,682.18. Capl- Vanadium 33 i-i’ tal Stock subscribed se-ileoooo. wgsrtiletlinfigzi o} '7 ‘i 64 - Less uncalled $10-.325.00. Capital west Elm n3 34,

Stock Paid Up $171,375.00. Surplus $34,399.76. - $220.648.12_ Estates. 'l‘rlists and Agency Acctunts Under Administration $2,882,871.14 - $3.- 101151026.

Tile customary growth in the volume of the Company's business and the increase 111 Estates, ‘Trusts and Agency Accounts have continu- nd thrcugiictut the past year. Since (hr inst Annual Statement the in- crease in illc nincunt of the Capi- lIll Stcck. reicricd to last year, has taken place. Tllis was in the form oi a Call of 12 1-2"l-. bringing the total percentage D11 subscribed stock up to 62 1-2’; paid up. During the lla=t your the volume of the Com- pailyls busillcs has grown about in the came rntzo as lust year, the amount of incrcase in Estates, ‘Prusis and Agency Accounts being slightly more than $590,000., which is coilsid-ered as a, satisfactory im- provemcni’

Investments oi’ the Company con- tliuic-with the exception of a. snlnll lliilrunt in mortgages and bank stcck=—-to be ¢ntirely in Do- minion. Provincial}, Provincial (luaranteed or lYgh-gradg Munl- cilinl bonds. {our Directors recom- n‘.'."ll(i a coilttnuailcc of the 5"? dividend on the Paid-Up Capital Stock inaucurated last year. The eartiing Position of the Company dulvniz the year we feel will justify continuing the payment of this increased rule. Divxlend cl-gues will izri fnrivard to shareholders as oi January 1. 1040, payable on lvfllrrh l, 1940. During the year your Beard has continued its long est-ab- ii-hetl policy cf keeping lts lnvesg- merits ns liquid as poswilale and d9. iieiidinfr for its revenue upon sources srvrtzcally wiihn the field of trust (‘Fiil-‘fllil’ operations,

____________________ MONTREAL CURB (Canadian Press)

MONTREAL. Feb. Iii-Selected nlitinlc quotations on Montreal Curb Market today were:- ilrttts mo“ B-eaufor 12 Bouscad 4 7.3 Dari lvlnl 2 -_.T»elit Cad 13 (Juunrn 2 lclkt-Que 5 14

_________ Millard‘; "new, “chm Professional Cards

Chartered Accountant 14o Richmond sum v.0. Bo! is

McLECD 8. BENTLEY W. E. BENTLEY, ILC. J. A. BENTLEY, ILC.

C. F. BENTLEY, LL.B. Barristers and Attorney-at-llw MONEY T0 LOAN __?_‘lll0_llichmnnd_Street___

MocGUiGAN 8. TRAINOR MARK B. MacG-UIGAN. ILC. C. ST. CLAIR. TRAINOB, K. C.

Barristers. Solicitors, Etc. MONEY TO LOAN Office: Over Provincial Bani. gictiilllqnllu_fllrcet, Charlottetown

H. F. McPHEE B. A. K. C.

NOTARY. he. BARRISTEII. SOLICITOR. [Bright-lg Charlottetown

PALMER s HASLAM —

Lil. I-'. linciiiailtn

BARIIISTEII. ETC.

nf Nova Scull: Chamberl- Charlnltetown. P.E.I. MONEY 1'0 LOAN {hone as _ v.0. mug;

CUTCLIFFE 8. ANDREWS FUNERAL DIRECTORS AND EMBALMIBB . Hunter liver and Blfllllbllll DI! and Night Service DELI, 8. MATHIESON ‘ifilcmcsfiflilutm P E. blend

MI) Cllueron

THE CHARLOTTETOWN GUARDIAN

STOCK Q

UO TA TIONS

The Central Guardian

This column ls reserved tor new: ot local ‘ ‘

N. Y. Stock Exchange

Montreal Curb

(Canadian Press)

Stocks Close Abitlbl Com 143 Abitibi Pfd 13 Asbestos 26

A Oil 23 1-8 Bathurst A 14 3-4 Don _A 8 1-4 Ford A 20 Imp Oil 14 3-4 Int Pete 23 I-4 Price Com 20 1-2

t"

Montreal ‘ztcvk

Exchange

(Canadian Press)

New YclrkCurb

(Canadian Press) sun-k; Close Am Cyan B 36 Am Gas Elec 34 7-8 Cities Service 4 J-4 Creole Pet 20 3-4 E1 Bond Share v l--l Gulf Oil Corp 3:1 3-4 Humble Oil 60 J-4 Lockheed Air 30 7-8 Niagara Hudson 5 l-li Pant Oil 4 7-8 C RA I N CHICAGO, Feb. 10—(AP)—

Wheat prices rallied to era-e earl)’ losses today but then reacted ngillli to an unsettled close. with May contracts depressed by increased llquidntlon 0i grain hcld under government loans.

Wheat closed 1-2 lower to 1-4 higher compared with Saturday's finish. May 102 3-4-—1—2, Jly 1.00 7-8-3-4; Com 1-8 lovrcr to 1-4 higher, May 56 5-8-3-4, Jiy 57; Oats unchanged to i-4 down.

WINNIPEG. Feb. 19-10?)- Wheat futures prices moved firm- ly on Winnipeg grain exchange to- ‘day despite a beneficial moisture 1n the United States ulinler wheat belt and a sharp price brcnk at Buenos Aires. Quotations at the close were 1-8 lower with May at 88. Jly 89-89 l-B and Oct 90 I-u cents.

Chicago moved within a Z-eent range and was unchanged just be- fore the close. Buenos Aires, de- spite a bullish government crop estimate last week, lost ground nlid at three p.m. Quotations were 2 1-4

cents lower_ Livestock , Feb. 19-10m-

CdTTZe . calves and hoes were steady and lambs higiher on the Montreal livestock markets today. the Do- mlnlon DEPRPIJTIQIII. OI AgPlCllliilIC reported. Receipts were cattle 737. calves 372, sheep 79, hogs 949.

The bulk of the cattle oiiered were steers. Good steers mode from $7.25 to $7.75 and medium from $8.25 to $7.25 with cclnlnon kinds dawn to 85 A few oxen sold as 10w as $3.75, Heifers ranged from $3.50 to $6.75 and good cows $5.25 to $5.50 with an odd one up to 35.111 Medium cows $4.50 w $5 iiud 1 butchers down to $3.75. cannere and cutters 1s to 88-50- Common bulls from $4 to $5.25 with ‘good bulls $5.50 to $6. A few good veais made s11 to $1150, Medium and nledium good W813 brought $11. Fair and med- ium kinds in mixed lots around $10 and rnmoner kinds down to $8. )Drinker~s ranged from $6 to $8- Lambs were sold in mixed lots. yngsfly bucks, at $8.50lto $10 no- coi-ding to quality. Sheep were $3.50 to $6 with the bulk between 36,50 and O0. Hogs were unchanged at $9.25 to $9.40 ofi’ trucks. Selects drew $1 per hog premium with the regular cuts on off grades. Sorws were $ " to s7 with an odd one at S72v- Hcgs sold on rail grade brought 112.30 hot weight

‘Banks

(Clnldlsn Press)

gm“ most- Cnnede — Montreal 203 Nova Bcotle 311 ROYBI 184

NEW YORK. Feb. Foreign Exchange: Great Britain demand 8.05 I-R. 3.95, 3.95 i-4; Cables 8.00 i-I. 80-day bills 393 3-4, IO-doy bills 3.92 i-4; France 2241-8: Germany 4020M: Italy 5.06; Netherlands 53.13: Canada B6 l-I. (Ottawa Fore an Exchange

Control Board rste 9.02-0.91 per cmtmdfl-lodtint.)

Banks , Close I67 9 l-B i 28 1-2 ' 15 3-4 g 1'1 l‘ _ g 20 i C11) Pacific 6 3-B l CanSteainship 7 3-4 I vlanesc 34 1-2 its Snlelt 44 3-4 swag 23 s-s IL-Jin Ccni Pfd 23 5-8 Dom Coal Pid 21 3-4 lDolu Steel B 14 1-4 Drytlcti 0 3-4 Jflluiitl-‘i Co l4 3-4 l Lian SC WI‘; 10 diam Bridge r l-4 l imp Tub l6 izit Nickel 44 1-4 Iiit Power Pfd 92 Lulu.- Woods 26 3-4 Ma. y Harm's 5 I-4 Mccoil Front 8 l-4 Mil Poaver 30 5-8 Nut Blxiv 37 Power Corp 10 1-2 Quebec Power I6 1-2 siillwiliigan 21 l-4 St Law Cflm 4 3-4 ‘Si. Luw Pid 1B 3-4 st oi Can 79 “flu Elcc A 2

. l-B iUiVPREAl-i. Feb. 19—(CP)-The market charted an irregular e tcciay and finished up with holding a Slight majority. iractionally were General Wares. Nickel, Ccnsohdnud icrs, Gurd and Dzstillers Sen- nssA few utilities weakened iii the session and failed to

' ve llIClI‘ losses.

wobbied in late dealings rrc-w ics=es were chalked up . Lawrence Corporation com- llloil aiid preferred, Bathurst and Dryden.

Colisiructzons appeared the stead- ic~t lllOillJ of the day. Foundation. aclziziii! 1-4. continued its rallying iOilll oi the past few days Others in this group to show small gains li‘l'.‘lll(ii‘d Canada Cement and Ham.

.75

ilton Bridge.

Trial sales: 45-400: Indiistrlnls. 17.000; Mines, 28,400; Bonds, $50,. 100. '

FINANCE

By Frederick Gardner Associated Press Financial Writer

19—(AP)-—- ite a new striking gain by ' . stocks in general slip- ped a hit today.

As u rcsuli, the Associated Press average of 60 stocks declined .1 oi’ u point at 50.3. The turnover was 033.410 shares compared with 684,- 120 Frzclay_

A low trivial gains and losses were iprinkied about the Canadian 1st. Gainers included Canadian ivlarconi and Imperial Oil. Dis- illlcrs Sengram. International Nwkel and Walkers comprised the down trend.

Star performer was Brooklyn- QIICPIIG 'I‘rnasit preferred which zoonulrl 15 points aild retainetilil oi them to close at 42, a i940 high. Other highs for the year were set by Brooklyn-Manhattan ‘Transit preferred. Loft, Cluett Peabody and Martin Parry.

The session provided minus signs for such stocks as U. S. Steel. Brihlehenl. Youngstown, General Motors. Chrysler, Harvester. Unit- c-ll Aircraft, Western Union. Gen- crui Electric New York Central and ‘Iiexas Corp

Among the Gainers were Amer. lean Airlines, United Air Lines, Paramount. Goodyear, Douglas, Du Pout. Anaconda. Kennecott, and Phelps Dodge.

ilaily War Survey

By The Canadian Press)

If the Russians capture Viipurl n their present offensive through he Knreiian Isthmus they will mike n scrious blow at Finland's oicllcc organization. Apart from llf‘ fact that it is the second alpcst city in Finland. Viipilfi i8 ii important railway centre. Its oss would hamper Finnish com- lluilicatioils with their forces ightllig on the eastern border.

Situated near the southeast cor-

ner of the northern republic, Vitpuri is the junction point for a railway ifzlle running east and west parallel with the northern shore of the lilf of Finland and one runnuig north und south along the snore cl‘ Lnkc Lcldoga and Finland's onsicrn border. There lines provide a ieady linrnils oi transferring troops and :II].W1)II(‘S from one danger point to nsthcr.

The capture oi’ Viipuri would not mprlve any Finnish Arimy now ser- wd by ioil transport from railway ctinncciioii with the interior but lt acuid rupture direct communica- lolls bcwieen the smile! and m!" dcnlmuilicntions with the interzor slower. cspesially in the case of the

rnlles Lghting on the eastern bor- r1‘.

Thus tile. Russians appear on the ergo oi their first major strateg-

l9—-iAPl— iicai cnup oi the war. ‘Ilheir early

lSIICfls tn cut Finland in two by a

arch across the narrowest part to the head of the Gulf of Bothnia and to cut Finland off from con- irlct with Sweden W I Nllihwfiffi march rcm the Arctic 0088b 9nd“! in Illlllll'('_

Keep Minn-ch l! the home.

Produce Prices

MONTREAL. Feb. IB—(CP)— Produce Market prices here wdav. as reported by the D0mlnl0n De- partment oi‘ Agriculture, follow:

Butter: first grade creamer)’ prints, Jobbing price, 1-2——28; first grade solids. Jobbing price, 27 27 1-2; Que no 1 pasteurized re- gi-aded butter, wholesale 109M118 price, 26 i-Z; Que no 2. 25 3-4. Cheese: Ont white and colored, current make. wholesale Jobbing price 19 I-8—-1-4

iiggs: graded shipment! in 050d free cases, selling price, A-large 24 I-2; A-medium 22 1-2; A—pui- leis 21 1-2; B—-21—21 1-2; C 10 1-2; B-large unquoted. Potatoes: Que no I 75's 1.10-1.15; Que no 2 75's 00-100; NB no 1 75's 1.25-1.30; Pm no 1 75's 1.30

-—1.3 .

MINING

(Canadian Press) TORONTO, Feb. 19- Stocks Ci"! Aldermac ' Amm Gold 4 Ang Cdn 90 Arntfleld 9 Aunor 223 Bonkfield 20 1-2 Base Metal 23 Bldgood 13 1-2 Big Miss 9 1-'-i Bqbjq B 1-4 Bralorno 1° 3-4 Brit Dom _ 11 1-2 Broulan 49 Buff Ahk 710 Cal Edm 200 Calmont 35 Caribou 253 Cas Treth 67 Cent Pat 233 Chem Res 40 Chester '73 chromium 50 Cochellour 65 Con Smelt 45 coniarum 150 Dztvics 25 Denison 6 Dom-e Oil 20 1-2 Dorval i} East Mal 37o Eldorado 9'7 Extension 26 Falcon 435 Gillies Lake 6 Glenora 2 Gods Lake 5'7 Goldale 17 Gold Belt 2o Grandoro 5 1-2 Gunllai- Gold 58 I-Ialliwell 2 1-2 Hard Rock 113 Harker 5 1- Hollinger I4 3-4 Home Oil Homestead 5 3-4 owey 37 Hud Bay 37 Insplra. 37 Int Nickel 44 8-4 Island Mtn 100 Jellicoe 15 Kerr Add 245 Kirk Lake 135 Luke Shore 25 1-2 Lanlaque 045 Laps Cad I5 Label Oro 1 i-2 Ieitch 75 Little L L 810 Macnssa 465 Malartic 102 Maralao 3 I-4 McIntyre 52 McKenzie 134 Mcwatters 45 Moneta. 72 Morris Kirk 6 Murphy I 3-4 Navbob 27 1-2 Ncivbec 2 5-8 Noranda. 73 1-4 Norgold 5 3-4 Normetai 50 OBrlen 148 Okalia 110 Omega, . 24 Oro Plats 58 Pacaita 6 3-8 Pamour 105 Partanen a 1-4 Paynloster 40 Perron Gold 193 Pick Crow 395 Powell 128 Prairie 19 Premier , 135 Preston 204 Roche 5 Royallte 33 St Ailih l5 San Ant 234 Sand River 9 7-8 sheep Cr _. Shel rit t, 101 Sigma. 835 Slscoe 78 Sladen 43 Slave Lake 5 s E Pete 4 1-2 Steep Rock Straiw "Lake 4 1.3 Sullivan a7 Sylvanlte 330 Teck Hugh 39o Towagmac zz Uclli g0 Upper Can 65 Ventures 405 Waite Am 575 Wendigo ll Wood Cad 2i Wri Harg- 750 Ymir Y G 4 1-4 UNLISTED en e 190 'I‘e isk

m 6 TORDNID. run. 19—(CP)-The millillk market firmed a little on decidely light diet today while the lndustrials and western oils almost held even with Saturday's closing Drzces. Industriais were oil’ only .09 in the index. Assregate turnover oi 156,000 shrces was the smallest grade for a full session since July

‘Base metal stocks showed a final lhdflf gain 01' l0 although the close was down i 1-4 for Norandc. to 73 l-4. Nickel advanced l-2. Smeilers i-iwand Sherritt tightened up 6 cen .

Pickle Crow advanced 15 cents to 3.95, Macnssn added l0 cents and minor 8mm were netted by Bank- tield, O'Br:en. Sigma and Sylvan- ite. Lake Shore came in for mod. crate selling at a loss of i-2, and Wright-Hargreaves lost l0 cents. Losses of 4 to i0 cents were post- ed by other golds. including Uchi, East Msiartic and LaMaque. Bathurst Power "A" finished 7-5 up while the papers as a whole were inclined m CUSHION. The big is Posted minor losses end the close was off slightly for Brazilian. Distulers-Seagrams, Industrial Al- cohol A and fleet Aircrnit_

Home Oil. Prairie Royaitzes, An- glo-Canadien end Foothills weak-

‘ened 2 l) 5 cents.

but advertising of u newsy nature may be inserted at 5 cents 1 word strictly pay- uble in advance. .._._.._i.___...__.iq

CBASWELL for Photographs. CONFEDERATION LIFE‘ INSUR- ANCE.

L-9789-7 41-311. WEST KENT ICE SPORTS.

Fbrum tonight 7.30. L-461-2-20-l1.

POLICE COURT-A mun appear- ed in Police Court yesterday morn- ing charged with having possession of a motor vehicle without the own- er’s. consent. e case was dismiss-

INSPECTOR ARRIVES - In- spector J. A. Wright of “H” divis- ion of the Royal Canadian Mount- ed Police, Halifax, arrived in Char- lottetown last night and has as- sumed command oi’ "L" division here. I-le was accompanied by his wife and family,

FUNERAL AT JOHNSTONS RIVERF-‘Ille funeral of the late Joseph Smith was held Friday morning from his late residence. Johnston's River. to the Church pf the Sacred Heart. Mt. Ryan, where Rfiqiliem High Mass was sung by the pastor, Rev. L. Callaghan. who also conducted the service at the grave at Fort Augustus. Pall- bearers were. Messrs. Joseph Brazil, Thomas Brazil, Anthony Began, Joseph Power. John Cum- miskey, William Trainer.

NOW MERCIIANDISING MAN- AGER-Mr. Lawson K. Harvey has been promoted to merchandis- ing manager of the Plttsbureh branch of the Kroger Grocery and Bakery Co. William J, Hur- furd. branch manager announced He formerly was purchasintz agent for the branch. He will have Gimme of the sales and grocery Purchasing departments. Another DIOIIIOiIOH announced by Mr. Hur- ford is that of Glenn F. Kilicer- bocker, former Pittsburgh branch sales manager. to the divisional staff oi’ the Western division oi’ Krogeris. with ilcadquartcrs in Si. I-Ollifi Lair-SOD K. Harvey is a soil of Mr. and Mrs. Charles Harvey of Cra/paud.

I-‘LIEs PATIENT HERE - For the third time this winter a Can- adian Airways plane became a fly- ing ambulance when a "patient from the Magdalen Islands was taken to Charlottetown from the Magdalen Islands yesterday for hospital treatment. The patient. Mr. Forbes Clark, developed pneu- monia several days ago and his physician advised his removal to a. hospital. He was picked up at Grosse Ile by Pilot Anderson, who flew the mail plane to the Gulf Islands yesterday. Besides 400 pounds of mall. 4 Government of- ficials made the trip. They had been picked up at Moncton on a special flight earlier yesterday morning. Along with the sick man there were 3 passenger on the return trip.

PERSONALS

Lieut. (Dr) L. Duffv or the Can- adian Dental Corps leaves this

moi-nine on official business to Hal- ifalx. Lieut. Duffy will return to the City on Saturday.

The many friends of Mr. Robert Savidant will be pleased to learn that he has fully recovered from nls recent illness and is around again as usual.

Mr. Finlay MaeLeod has returned to hisrhome in Brookfield after spending the past four vreeks in the city where he attended the Knuth Training Course in Agricul- ure.

Mr. J. P. Hilllorl of the local Y. M. C. A. Board of Directors and the General Secretary. Nor-ville E. Luck left this morning for Ot- tawa. to attend the annual meet- ing or the Canadian Y. M. C. A. National Council.

BristoliAnd Vicinity

Mr. Anselm Lapierre left on Fri"- dea/ for 'I‘ruro. N. 5., to take over a cooking lob. Mr_ Lapierre who re- ceived a long distance telephone call on Thursday to leave at once as the head cook was suddenly taken sick. He left at once by car for the city and by train to Truro.

Dr T, V. Grant, Federal M. P., for Kings, was in this district on Wednesday and addressed a gath- ering of electors in the school house at St. Peter's Harbor. How- Ziird Anderson was the chairman of the meeting.

Raymond Jay and Jame: Leslie. who are canvassing this section of the country for the legion drive report good receptions at the homes for this worthy cause.

Mi; Sterling McEwen, who iett here several years ago to reside in the United States, has returned to his old home here and will in future reside here.

The condition of Mrs John La- plerre in the City Hospital is re- ported as satisfactory oonluderzng her very serious operation. Mrs. La- pierre will remain in the hospital for quite some time yet.

Miss Ashes Collin, teacher st Cannvoy. was in the City on bus- mess over the weekend. ~

Some of the luumbec owners here are considering loading several cal-s of pit props ifor the steamer to be loaded in this province for the Mother Land.