i JULY 24, 19291 s

_Maritime Provinc t drink by nearly sixty yegargaespei-lgldsc:

can alway b d 1o: purity o? q§.iu°£°..?§'.if.'.u".i’°o‘}. 1 strength and richness of flavour.

MONTREAL STOCK EXCHANCE Asbestos , ,

101-5 _' Bmsilian . ... 501-1.

“"595 M11014! furnished by B, A Q11 ' - 49' Grecnshiclda d: Co., Montreal. to B. C. Power‘ .‘ ' 45 Stewart Jones d: Co., as Gr“, Buudmg Prcduc“ ‘n 34% George St., Charlottetown. Canada C" . i , 133 . Canada Cement ... ... 26% Abitlbi ... .. 45% Canada Power and Paper 301,3, Alberta Pacific Grain .. . ... 46 20,, u A

Canada Brewing

jOil Is Coming Into . Its Own and Turner

Valley Leads the Way

Keeping close touch with _ the development in Turner .Valley, where many worth- while companies are now lo- cated, companies with c0111- petent engineers and ample capital, -we have information which should be in the hands of all investors. This informa- tion will be sent you ‘FREE- send for it today.

55155 uolus ST.

HALIFAX , NJ.’

I

. a _ ‘ uiumcnns:

BRANCHES’ (jflfeneiab/eqh/rzin Service”

gymggy FREDERICTON SAINT JOHN MONCTON EDMUKD§TQN ./ ST. JOHN'S. Nfid. 79 Queen Street Charlottetown Phones 642 "m 1179

Annual Dividend A Earned in One Month’s Operation

T The quality of the investment offered in the 693

' Cumulative Participating Preference Shares of Irving

Oil Company, Limited, may be Judged ‘by the fact that

during the month ol June net earnings, before deprec-

iation and taxes, wore sufficient t0 pay the full year's ' dividend on all outstanding preference shares.

'. Irving Oil Company serves a remarkably successful ‘- chain of service stations in important cities and towns of New Brunswick and Nova. Scotla, .

The preference shares of the Company, with a. total pcr value of $375,000, constitute the senior securityaf the company and hns a conservatively valued equity in _ Common Stock of over $1,200,000.

‘ The n“ ‘ of the I" v is exper‘ “ and this """‘° ‘ will

‘ We recommend Irving Oil Company 8% Cumula- '- tlve Participation Preference Shares (Par Value $50) as a sound business man's . vestment.

1 Price: $51 par Share. tarry-

ing bonus of on" share Common

with each $100 far Value of

Preferred.

Eastern Securities Company unwrap

James MacMurray-r . esidont Bead Office: sum‘ Jomv. N- B- 55 "in" Wm- 5t- IIALIFAX CHARLOTTE/TOWN sUMliIEItSIDE FREDEBICTON

u-

and

MONTREAL MONCTON

Dominion Bridge 10a Foreign Power Securities 37 Fraser Company .... 48% General Steel Wares ... .... 315i Home Oil .. .... ... 24 Imperial Oil. ... ... ... ‘t... 29% industrial Alcohol ... ... I3 International Nickel ... ... .. 48% International Petroleum ... .. 25% Lyall Construction ... ... ... 20 Massey-Harris o ... ... b8 Montreal Power ... ... .... 116% McColl Frontenac ... 41% National Breweries , ,,.., 13o National Steel Car ... ... ... 07% Noranda ... ... .... 58% P°Wvr C°TP0ration 1141/. Price Bros. .... ... .... 87 Quebec Power ... ... .. 88 Bhawinixsn ... 815i Smelters ... ... ... 890 Steel of Canada ... - ..... 65% Simons .. ... ... .... .. 40 Wayagamack ... ... .... 80 Winnipeg Electric 75% cliilada. Maltin: 2'1 Dominion Tar ... ... ... 24 Steel of. Canada Pfd. .... 52v, Consolidated Gas .... ... 150 Int. Petroleum New .1. 25% Radio ... ... ..._... ... 83% Aleghany ... ... ... .... 53% American Can ... ... ... ... 185 Purity Bakeries ... .. 143% Canada Bronze ... ._, .,, ,_ '15 CAP. R. 238 General Motors ... ..-. ... ... 701,3 u. s, Steel . .. 2011/. Bank of Nova Scotia ... 398 Bank of Montreal ... 346 Eliank of Commerce 300‘ 372%

, tloyal Bank

1 STANDARD MINING EXCHANGE

“notations furnished through com-g. ‘sy of Atwell 8i Co., Charlottetown l Office.

, ' Noon Close libana ... ... ... ... $1.75 $1.73 Aconda. ... ... ... .08 .,10 Amity Copper .22 .22 Amulet ... 1.77 1.71 Area ... ... ... .. .15 .18 Arno ... ..\ .38 .84 As. Oil 8c Gas ... ... .. 4.30 4.25 Bidgood ... ... ... .29 .29 Big Missouri ... 1.50 1.50 Bunker Hill ... ... 04% .0414 Carona. ... .ll .1011’; Capital Rouyn ... .. .04 .04 Central Manitoba ... ... .44 .48 Cl-Bricy ... ... ... .10 .0916 Domo- 10.15 10.15 Falconbridge ... ... ... 13.50 13.85 Granada ... ... .26 .28 Howey 1.04 1.05 Inter. Nickel ... ... .. 48.00 48.25 Lake Shore ... ... 25.25 Malartic n. ... .2395 Mandy ... ... 310 nudist. Basin as .20 Min. Corporation ... ... 4.10 .0514 McIntyre ... ... ... ... .44 .44 Newbcc ... ... ... .45 .44 {Ncranda ... ... ... 58.10 58.25 ‘Old Colony ... ... .28 .27 Pond Oreille ... ... 5.90 5.85 Stadacona ... .. .08 .0706 Sherltt Gordon ... ... 7.70 7.80 Slseoe ... ... ... 55 ~55 St. Anthony ... ... .20 .20 Sylvanitc .. 1.0a 1.15 Teck Hughes 8.25 8.30 Towagmac ... ... .. 1.70 137° Treadwell Yukon ... ... 9.50 9.25 Ventures ... ... ... 8.25 8.15 Vipond ...”... ...‘ ... 35 ~55 Windfall 03 wright Hargreaves ... .. 1.76 L74 Wainwell on .. .18 ~14 Home on ... 25.50 23.00 Mayland ... ... ... ... 1035 109° Baltic 2-15 Calmont 4-55 United on .. 11°

_________.___

::The Oil for the Athlete. In rub- blng down, the athlete will find D1‘- Thomas‘ Eclectrio Oil an excellent article. It renders the muscles and ainews pliable, takes the soreness out" of them and engthens them for strains that may be put upon them. 1t stands pro-eminent for this pur-

pose. and athletes who for years, have been using it can testify to its value as s. lubricant.

THE (IHARLO'i"l‘E'i‘OWN GUARDIAN _

Central Guardian

DRINK OXOLA. 6745-7-18-0! NOTIOL-Come to Rollo Bay Tea Wednesday. July 2413i. 8817-7-33-21. SCOTCH MEMORIAL PICNIC—‘ Special train, 2.18. 681B-7-fi-3i

SCOTCH PICNIC Wednesday.

6815-7-22-31

_ ___ |

avauvaonr to the Scotch Picnic Wednesday. ssis-i-za-si

1

scorcnronr Wednesday. Special ‘

train 2.1a. 6815-7-22-31 y,

- - ,,¢__ l

swan-rpm or: no: “use. '

ready for the big provincial oxhibl- ' tion, C‘ lottetcwn, August io-u ! Sand for prise list. J. W. Boulter, acc- l retary. dly-tt ]

l TO GUARDIAN SUBSCRIBER ‘ PlCNICKEBS-When you are prcpar- i ing to go a. picltnicking it may pay ‘ youto take advantage of The Guar- . dian special offer of plates, spoons and forks. Read advertisement in this issue. - t! ._.__ . , LIVE FOWL WANTED—-I will be‘ buying live fowl all day Thursday.‘ July 25, at my Hatchery. Excep- tionally lBVOIBblg prices for large, good quality stock. Empty crops. S. R. Pendieton, Kensington. 6841-7-23-31

l

READ THE big Exhibition ad in today's Guardian and see the won- derful programme in store for Ex- hibition week. Stores, boarding houses and all Hotels are advised to prepare for BnITSOId breaking attendance as the big fair is the talk of town and country.

TO COUNTBYt ADVERTISING‘ PATRONS-Will advertisers in the‘ country please note that all small advertisements are payable "in ad- vance ancl when sending an ad- vertisement to send the cash along with it. 6661-7-15-11

NOTICE TO LOCAL ADVERTIS- ERS.--In order to insure insertion of; advertisements, local advertisers are; advised to have their copy in the, Guardian‘ Oflics not later than 10.50 A. M. the day previous to publication When the advertisemcn‘ ara half- Plgc or more, copy must be in the Office twenty-four hours in advance

5114-5-31-1:

MCLAINE SERVICE STATION- We are often asked where do w: get the humor for the "Boy and Slate Sign" at this Station. By -way of explanation we would say-Tho refiners of White Rose Guollnu and Enarco Motor Oil supply most», 0g 1,, Occasionally there is a. bit o1 humor to offer-so let's hope you enjoy it. 6848-7-23-21 '

THE PROVINCIAL EXHIBITIOA’ at charldmtowa.‘ August 19-23, will‘ be the billult and best over put on hero- iidore prizes for iiv ‘_ r All "Glthtl paid on livestock, Biggest "M"! "H. Three performing troupes from New York, and four days horse racing. Write to your friends abroad and plan to entertain than: that week. Send for prise list. I. w. Bonlter, Secretary, custom;- town. l’. l. Inland. dly-tt

GASPEBEAUX INSTITUTE met at the home of Mrs. George A. Hick- en, 17 members and 6 visitors being present. Meeting opened by singing The Wreck of the Number Nine. Min- utes of previous meeting were read and adopted. Collection amounted to $1.70. The sick committee being ab- sent. no report’ was heard. New committee appointed. 4 members of- fered to clean the school, for which various articles were ordered. The Secretary resigned, as she does not expect in remain in Gaspereaux, which was very much regretted. A vote of thanks was given her for her Ir’ -‘ and efliciency while she held

Drummond Street Realty Corporation

Refunding Sinking

summer in Montreal. Again in

stations. business. theatre and

Dated Feb. 1. 1921 Due Feb. 1. 1942

iPricei 100 and Accrued Interest

“prying a bonus of 14 share of no PIP value common IMK v with each J10" 0|

bonde (Fractional shares of anon mo! will b.

adimtad at 835D" share.)

mutation

no "Del-nails" is owned and,

nutty Cwwntlou. and We oi! , cueporatioa‘: unseat olferihl ' oola nonh-

nsli pnrtioularrwili be lent

MacArthur blag.)

, Illlllll: manual

issuance» turret. sauna. s -

insistent Demand Throughout the Yeqr

Hotels, large and mall, are filled often u. overflowing suns; u»

eonimodation, while all year round there la n demand for the up- to-date. quiet hotel that combines hotel service and apartment-

both foul-lets and the steady all-season trade.

’ F1111 comfort _ The DoLauila Apartment-Hotel, Montreal, Mortgage 6 1-2 p. c. ppulu-ity among o Gold Bonds It is aitliatcd In the heart of the oity, within each reach of railwl!

it‘ conaiata of a five-storey apartment-hotel and a four-storey gpartmetit building. A five-storey addition is now under 0on-

JOHNQIQIS...“

Winnipeg Grain Ixoiiengo, Chicago Board

midwinter comes n oaii for ao-

ohlnyg a substantial

shopping diltrlctl.

opsrotedlby thajlrlmmond Street er, as an attractive investment the of unloading linking land 414$

wARlQ

D fllllr.

on request.

Stock Isabelle.

‘ been visiting in the City for the past

her oflice, for which she thanked the members. A new Secretary will b: appointed at ths‘ next meeting, Mrs. Sidney Llewellyn acting meanwhile. c1000 was voted m: on? ma Cross. Next meeting to be held at the home of Mrs. Charles Steele. Roll call to b; answered by~My Favourite Book. Meeting closed by singing the Nat- ional Anthom. . e

PERSONALS

Rev. Neil Herman, B.A., who has

few days, left for Sydney yesterday afternoon, being nsxpectediy called away, and he regrets w’?! mum 9°‘ fag unable to sue man! ‘ti? hi! 91d friends. While hers Mr. Herman oc- mpm tho pulpit of the Central Christian Church preaching to l large congregation.

__-_._______-—.

mouth and Burns Disappear. when

, NEW zssws

To be dated August 1st ayable in Canadian goi

Montreal, Lon

.»_;~ ‘n,

acquire as goi been 111 su

total $80,654.

to be outstanding.

We

anticipated.

that may always be

._______..i.__.

_’.I.‘ARANTUM SCHOOL CLOSING

The examination and closing ex- ercise of Taranium school was held on the afternoon of July 28th. There was a good attendance of ratepayers and visitors present. The pupils were examined in their various grades by their teacher, Miss Regina Wood ably assistedvby some of the visitors present; and showed by their ready and correct answers that they were well taught during the past year. lvlr. John T. Garland acted as chairman and a short programme consisting of

suffering from cuts, scratches, bruises‘, sprains, sore throat or cheat and any similar ailment, use Dr. Thomas’ IelectricOil. lts healing power is well-known in every section of the community. A bottle of Dr. Thomas‘

Eclectric Oil should be in every medl-

cinechestraadvfutiieeaicrgencles

l

The Rogers Hardware

E1 i I vFederal

nitod States sold coin or its e uiva _ on, En land, at t e fixed rate of $4.86 of registration as to pr ncipal. Redeemable as a "who notice at the following premiums: 6 1989; thereafter 3% up to and inciudlng Au with accrued interest. Trustee: The Royal

" ' Common Shares, of no pa: value:

have an aggregate capacity of approxim Lakes will rave arombined, capaci elevators at Vancouver will be availa l

VALUE OF ASSETS: have a value, after allowance for depreciation, as at‘ Ma C. D. Howe 8t Co., Consulting Engineers, Port Arthur,

Net current. assets (working capital) on completi Touche & Co., CharteredAccountants, will not be less

Consolidated fixed, net current a

$1 200,854

For the respective equivalent t0 the average o

SINKING FUND: An annual cumulative si will be provided for redemption of Series “A”

DIRECTORATE AND MANAGEMENT‘: The dire directors and executives of the predecessor companies, Western Canada for man years. Management for the success of the in ividual undertakings. operating the ten businesses as a single unit.

ofler these Bonds for‘ delivery t)’, as and when issued and received by us, and subject to approval by counsel of all proceedings, at—— ‘

The above stalemate are not vwwnued. but MB

ent at the Agency of the to £1.

Class“B”(voting).......... . . . . . v ‘of Series "A,'

_ Descriptive circular, copies of which will be supplied upon request, contains a letter from Mr. J. CuGoQQ P7€8ld€7tl of the Company, from which he summarizes:

THE COMPANY: Federal Grain Limited is being incorporated under

concerns the assets and undertakings o ui operation in the business of w terminal elevators in Manitoba, Saskatchewan, Alberta and Ontario:

Federal Grain Company, Limited,

Stewart Terminals, Limited,

The Union Grain Company, Limited,

The Northwestern Elevator Company, Limited,

‘7 up to and including August 1st, 1934; thereafter 4'7 t 1st, i944; thereafter 2% up to and

‘$4,250,000 _ g Gram Limited 6% ZO-Year First Mortgage Sinking Fund Gold Bonds, Series “A”

1929, maturing August 1st, 1949. Principal and semi- d coin or its e uivalent at any branch of the Bank of Montreal in Canada;

Bank oi Montreal, New York, or

e or in part at the option of the Company at an up to and noiudinghuguot lat, including July 81st, 1949; in each can ,

rust Company. CAPITALIZATION (On completion of present financing“ u‘ _ d ll OHZS

First Mortgage Sinkin Fund Gold Bonds. . . . . . . . . . .. . .. .. $6,000,000

61/§%Cumulative Preened Shares. .. 4,000,000 Class “A" (non-voting). . . . . . . . . . . .'.'.'.T.'. . 130m all: 0, s .

"s'%,' tbisissde.

f the following companies,

Consolidated Elevator Company, The Brooks Elevator Company, Llmi

The McLaughifh Elevator Company, Limited International Elevator Company, Limited

The Topper Gram Company, Limited.

Country and terminal elevators,

EARNINGS: Combined net earnings of the properties being acq maintenance expenses and local last three fiscal years,

taxes, and available for according to the certificate of M

1926

of 7,250,000 bushels. Throufih e for shipment of grain throng

coal sheds, cottages, etc, to be acquired by the Company 29th, 1929, according to the certificate of Messrs. »

1927 $1,297,252 Average annual earnings for the past three years on the As against annual interest reqmrement of First Mortga

standing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i . . . . . . . . . . . . . . . . . . . . . . . . . . —equivaient to 5.21 times the annual interest requirement of this issue. .

fiscal years ending in 1929, it is estimated that corresponding net earnings will be f the above-mentioned three fiscal years. nldng fund of 2%, plus interest orrBonda {previously redeemed, Bonds, commencing December 1st, 1930. ctorate of the Company will be composed mainly of been associated with the ' the hands of ofiiciais who have

will remain in It is expected that substantial economies will be» effected by

that port.

nt., of $7,919,346.

annual interest (February 1st and August lat) or at the holder's o tiou ll in sterling at the ank of Coupon bonds, denominations $1,000 and $500, with privilege

Outstanding

25o coo- 000,000 100,000 lhl. n’

the laws of the Dominion of Canada to ' _ _ ' which for many years have arehouslng, shipping and dealing in grain thro

properties, will be one of the largest independenlilrfl

anada. Its 338 country elevators m the three Prairie Provinces '

' ately 11,250,000 bushels, and its 3 terminal elevators at the head o! the allied companies, access to terminal

time on sixty days‘

40,000 she.

ushwunuvb-nd L, .l ' 'ted, ; -.*.~=~

4i I '-‘\

' In addition to the above, the Company willacquire country elevatorspreviously operated in the same I

territory by Maple Leaf Milling Company, Limited. The Company, as a. result of acguisition of these

controlled grain elevator companies in

on of this financing, as certified by Messrs. George A. than $1,250,000, and in addition miscellaneous assets

d miscellaneous assets on the above basis, therefore, amount to $9,250,000—as_against $4,250,000 First Mortgage Bonds now being isued-more than $2,175 per $1,000 Bond

uired, after deduction of operating and

bond interest, depreciation and income taxes for their ‘

essrs. George

1928

who have

100 and accrued interest, to yield 6%

\ V I Royal Securities Corporation Limited

purchasing

recitation: and speeches was very capably caried out by the pupils, The Palmer Method Buttons were then awarded to l Eunice Murnaghan, 2 Andrew Murnaghan. 3 James Murna- ghan. 4 Patricia O'Connell. The prize for attendancemas awarded to Pat- ricia O'Connell and for Department to Vincent Murnaghan. The Public School certificates were presented by the teacher to the pupils to 1 Eunice Murnaghan, 2 Andre Murnaghan. Miss Mary Garland then read the follow- ing adress while Miss Eunice Murna- ghan presented the teacher with a beautiful handbag.

Co., LtwQueen so , Jenkins Service Station, 207 Gt. George Street

To Miss Regina Wood.

‘Yr. “Built Better to Wear Better” .- Gutta Perch: Si. ‘Rubber, Limited, Toronto

Wood, Gundy

A. Touche & Co., have been as follows:

$1,491,108

above basis. . .'. . . . . . . . . . . ge Bonds now to be out-

. {in

. $1,329,788

255,000

Tin buaineu; ill een responsible

r _..

Company

Limited

based upon in onmlion which we believe fo be reliable and on which us aided m securities.

Teacher Tarantum School.

Dear Teacher:-

It is with mingled feelings of pleasure and regret that we come here today. Pleasure because school is closing and regret that you are soon to leave us. During the past year you have great- ly endeared yourself to us and have put forth every effort to further our school work and we leel that we can- not let you go without expressing in some manner our deep appreciation of your services here. We feel that we never shall forget your kindness to us in the past year and the lessons you have taught, your cheerful smile and pieasaht ways have made us more will-

Prevents Stone Bruise;

they’il show you.

The largest Ail-Canadian Robber Foullldd i! 1H8! '

"C?" Ian Ol- hid

ad clock. h

lng to obey you. ‘Although w: dlsobeyed your rules we hops y. pardon us in the future. We s to accept this small gift, not . value but as a rembrance of us . ure years. Signed on behalf I pupils of Iarantum school. The er although taken by surprise . ed the pupils in few well ohoser. for the kindness shown to her . the past year. _