»Y,17 1935

llilllllllilli 0F CANADA

20 Year 81/4 Bonds due June 1, 1955. 98.50 and accrued interest to yield 3.101,.

Denominations $500 and $1000.

Kindly 1101")’ 11B 0f Your requirements at once as it is expected this issue will be heavily over-

EASTERII SEGIIRITIES liilllPAllY-LTII,

W. 1!. V. DUNBAB Manager - Charlottetown

Stocks

Ii§ic;r1.i1v(;r=

MONTREAL, May and foreign exchange in relation to the Canadian dollar as com- piled by the Royal Bank of Can- sda closed today as follows:-

ilontrcai-Ponnd 4.811 7-10; ll. S. dollar 00 10-18; franc 8.58. At New York-Pound 4.80%; 1c“. ndlan dollar 1.00 1-10; franc 0.5814. Paris-Pound 7.4.10 fr- Canari- liin dollar 15.20 fr; U. S. do

1n gold-Pound 11s, 10d: Cau dollar 50.41 cents: U. B._ dollar

MT’l.. cums

(Johllltoh and “wmii

gen

Australia pound 3-9081. Austria/mulling .1886. Belgium belga .1692.

Brazil miireis .0565.

China Kong Kong dollars .8125. Denmark krona .2186. France franc .0658. Germany reichsmark .402’!- Great Britain pound 4.8944. Holland florlri .6777. Hungary pengo .2970.

India rupee .3100.

.2081 New Zealand pou

896 " South Africapound. 4.8705.

Sweden krone .2525. Switzerland franc and. United States dollar 1-16 per cent

Closing exchange rstea:-—

Advertising Rates-Payable in Advance

word: Waters and Blasters locals, 8s —III Ivsnts lo prr Iordi Wheelie}

nor inch; Lists of Finis-ll and

ma; Initials of Condolence inch do

Central Ounlipn locals, 0e per Announcement: and

In llemorism Notices, 70c Iritull Offerings, Cards, oto , do

Notices of Thanks and Apprselst on,

other rstrs on spplirnt , , _ . vsrtisanall twenty-flu oats.

lllulmom Charge for any id

BATl:+-3o per word, lions 'for the price of ' two. payable in advance.

Misccllaneo

SAVE AND BE SAFE. THIS IS best accomplished by buying long tcrm endowments in i n Li have a policy to ‘auitiyour every

arlottatovtgn. 19-1540.

FOB SALE — AUCTION l-‘OBTY- Five, Bridge and Cards. Guardian

WE HAVE ANYTHITNG AND

lines. Order by mail manufacturer and save 15%. All orders are mailed ptistpaid by us in plain wrapper. . catalogue sent free ‘on request. Novelty Rubber Mi Box 353, Dept. K-l

e for placing under

___.___--—--—

... LADIES’ SADDLE, d Riding Whip. 106 Hillsboro Street.

R T0 LET 4- HOUSE Write Mrs. Seller.

Male Help Wanted

WANTED — MAN work. Apply in 1X B Percy Mutch, ivlt. Hi

AILRE June, $11.00 per 100.

sun-um ACRES AT Miivale. Apply to

'ro LET - ansinuncn m na- voa. sans-snap oars. ouoaon ocation. Phone 683-J.

Hughes, Brackley

._____-_--—,—- T0 LET — FUBNIHHE .- IIENNIES NORTH-

an Seeds. C. E. PIN-t d‘ --——-——_'"—" T0 LET — FUENIS. ED AND UN-

furnlshed rooms. 1 B SALE —- CARLOAD ‘ fat stcers and heifers.

T0 par - MODERN

room house. 40 Victo

_ L-‘ltitil-B-lii. --——-——————j. T0 LET-JESSE 300M APART- ment. Apply 3B lillm

non saw - cnav.

d governor. Sgd. L. I". McKenna, Albany-

ion aam-itnoisnna bull fourteen mont f Stilton Sanderson, fir;

1051-6-17-31.

T" “t. -....“":*c*::..:.':".z- once. 1‘ l’ - ' 1 premised Mrs. P. J. p’ on . isee-s-is-si roa saw-coon as new pis Drill Seeder. Price 806.00. C.

Salesman Wanted

___________

fi - IOqI SAfiEfiEI-W w‘! D in Km!‘ 0mm; FOB BALI-VIKING. CERTIFIED free, raspberry plant-I. 11 roi- $1.00: $811 oer 100 - ‘ 1d I‘. S. Reeves, Sou

"I." care Gus-r an.

___________ DOST —- SILVE

Last seen in Vlornm River. 11e-

Watcrvale. L-‘lbtt-b-IV-li.

OI MOD- dpr- please leave

_ eeo-i-i-i-si Help Wanted s iuirirs s. 1;-

wanted in for Dominion Civil

BB1’ HANTS. STRONG, Senator Dunlap. Packed in damp moss. P10111111!-

04.00» Montague, P. I. I. Ph

Y Wanted '

iunwn ... scams: oorraos for July. Write N. guusrdisn.

sfofowecnsa-‘ao- 04- o s0:

stir saksav

N-Slld-l-IB-IFB. _ ( ‘ll Write K. "cars Guardian. %

YES TERM Y’S s10

N. Y. Stacie

Exchange

(Quotations furnished by Johnston the Mont

and Ward members of

real Stook , Mont-res Curb Market. 150 Richmond Street Charlottetown).

Air lied . Allied Chem Allis Cliului

Ml. Ref

Amer Cun .. Am Car Found . Am For Pow .. Am Loco .. Am Pow iii

Chas 0am 4s 4a-

- Chic North ... l? 3y‘ (Jhlryalor .\lnt 43 Co uuib Curb .

Col Fuel iron 82% (1% 3% i350 0'.‘ Cor-n Prod“ nib gel llud . . 31% I Dupont ()1 East Kodak 103A Elec Auto Iilii! Co . 231)‘ Elec Pow- Light ... .2 g ' u: . av. s First Null Stores 41% 41% Froepnrt ‘Pox , g4 24 Gen Asphalt 17% 13% Gen Elm‘ 3px;, 33% Gen Foods 35% 3w. Gen liiut. . 3g 33 Goitl‘ Ilusl .. . 15% 15% Goodrich linl- , __ ps5, 9% Goodyear iluli 111% 101,1, itrnliuln l‘:i.,- , , 1y, 1% Great \\'t-sl all}! 31% 311;, Hotlsiun Uil 10% lil-‘i’, lind .\Iui g 3n; Iiupp Mo: . ' nil nin- . 4:: :-' Infl Nickel . . . . . . . . . .. 2N5’ lntl Tel 1Q m Johns .\l:in . . . . .. 4:11,!‘ 51% Kan Cily Suiili 5% g Kclvlnnlur l: 14% Ken Cop _ my, 20% Lulnlsert Ln 25% guy‘ Mir Mvvra B 103% 103% Iilouia Car-b . . . . . . . .. 31% 30% Loews Incorp ... .. 30% 40% Loose Wiles Bis ... 34 34% McKeespon Tin 3 114% Mack Truck . 215‘ a“ Math Alkali . 23;‘ my. .\ilss hon 3 3% Miss Pac , 1 1% Mont. Wnrd m“ Nash Mot 13% nil B . . . . .. zy- Natl Dairy Prod 15% Natl Pow Light 3% , New Haven 5 New York Cen 17% North Aiuor , _ y‘ North Pac . . . . .. . . . 13 "ac Gnu Elec .... .. Puck lift-t 4 Penn Rail ,2 Pub Ser N J’ §° min Pet 2% Pullman Co , 30% Ituvlio Corp _ _ 5% 5% luiiiio Keith Orph ,,,_, 1% 2 Ran Iron Steel l3 13% Safeway Stores on,“ Sears Roebuck , 59% Shell Union Oil J0 Sim hCe . . . . .. W‘ oco y Vnc . 14% South Pac 17% South Roll . 11 Stand Brnnvls 14y. Stand Otis i-llcc 3% n,‘ Stand Oil (‘ulif 37% a‘! ggllild Ull N J 46% 47 ewart Warner Studebaker l“ 13,1; 4 23% 35% p Union Pm , div‘ United Aircraft 13% United Col-p 9% 2% guilt-ad Drug .. . ' nted (ins Iiu ... .... I i u s lntl Al H? . u‘ 1”‘ U S Rubhcr . 1:188 Ssuielt teel u s git-oi m‘. an tecl . Warner Bros C0 . 132% 1335": Warren Bros . . . . .. ... ‘ 5% West Union .. .. 26K 281‘

Woolworth (To

(Canadian Press)

§§§§§§,EE§§5t§ §‘5§£g tgiiéé i5? h2g5 g g s:

abs awful“ “m ‘n. sss period. §e~i§§Asor be week users-Ins u. III» was

Notice inSurbur-

MOINING MARKET LETTER

NEW YORK, N. Y., May iii- The market opened irregular yes- terday, but later under the leader- ship cf the rails, prices firmed. At the close the mils had lost some

the imdertone appeared good. Am- erican Tal and ‘lb! was strong on the declaration of the regular div- idend and Allied Chemical rallied on reports that it would definitely apply for listing

Chrysler and Westinghouse, which have been features in the reccnt advance, continued strong.

‘The market still fairly strong. position and Dow Theory student couragement from the fact the rails closed higher April 26th close of’ 31.61.

Gold bars 142s '1d. vs 142s 9d.

March net l $49,348 vs net in- come $380,577 in March 1934. 3 months net loss $2,286,391 vs t1,- 064,895.

merly 50 cent dividend.

Mayer Inc. wholly owned subs of Loews Inc voted to retire on Jan 15 all orits outstanding 146,091 shares of pfd stock at par $2’! s. share, plus accrued dividend am- ounting to 4'1 1-2 cents a share.

ed 15 cents a common 11.27 a shale in March quarter 1934. March net income $227503 against $1,098,409. .

30 Ind B0 Rails. 3215 $1.26 31.67 044 30 UtlI . 10.38 18.95

.4“ 3110M

“'cltlnghouui\ uiééKII. 4m 411% on

fraction higher and last

K3313 ELK . ‘fir. ti’? M ' sscellaneous

i 3E -32 it t 52. SS

THE CH ARLOTTETOWN

c1< and BOND QUOTATYON

Markets At A

their gains, but on- this whole

under security commission regulations.

appears in a can get some en- that than the Ialdlaw and. Cosme-ny- SUMMARY

NEW YORK, N. Y., May 16-

Mchison, Topeka and Santa Fe

Loews Inc. declared _, ‘ for-

Directors of Metro Goldwyn

hitematicnal Nickel Co of Can-

ada Iitd and wholly owned subs in March quarter, earned 30 cents a share vs 31 cents a common share in first quartcr 1934.

Heading Co March quarter cem- share vs.

Chicago Milwaukee St. Paul and

Pacific, March-net loss $1,899,706 vs $1,057,901 in iidarch months- net 105545353341 vs $4,- 203,350. - -

1934- 3

High: Low no u‘, .. 1145.11 near 114.61 0.4a 19.10 0:12 ‘High ‘to... nut on .. .__96.15 0.1a

‘ ’Dow".lones. BANON ssvs

MONITREAL, Que, moved up another fraction

‘ Prices

yuterday, Volume of trading in the industrial! showed a. tendency to drop off yesterday while demand for rails was rather confirms the pointing 1o the likelihood of a temporary runup in tlflsdlvision. 0n minor dips quick traders might continue to pick up Atmhison and Southern Pacific.

‘ 1h general further recovery from the current area is likely to en- counter heavy offerings. Develop- ment of a fair sized correction be- fore the advance ls resumed on an important strong probability. strength which may occur should be used for acceptance of addition- sl profits. Gold shares were some- what irregular ,

index again slightly off on the day. Sentiment on the golds very depresse material liquidation fails to appear and indications continue to favor the view that gradual accumulation in the current area should prove profitable. On reactions buy Dome, l-‘loilinger, Teck Hughes and MY:-

strong and

recent indication

scale, remains a. Any further

yesterday with the

ntlriues

d, but in general

‘Intyrc. Banon.

BABING LETTER Wednesday Evening

NEW YORK, May 15-Wheat, Corn and Cotton closed a small advices hold good. The industrial aver- ages made another new high, 115.-

to about 110 though the possibil- ity of first reacting slightly below 112 is still piesent. Please remem- bcr t-hat it is utterly

Iii-h it.

another false start but soon u; active and may bebought on dips. Baldwin pfd Pictures st b4 3-8 and if you bought it back at and below 40. aeil half Carbon also made a new high 84 1-2, and should be held. Loews, of which you should be long around 25 and 23. sold at 40 would hold it for a vance. Botham Hose pfd, recom- mended when. it was around 32. closed 20 3-8, would hold it. Case gave you another chance to buy it near 5'1 and remains a there. Otherwise last pig holds good.

rails suggests strongly division is likely to stage s. brisk raLly before the current advance tops off. Quick traders might, make further purchases of Mchison Southern Pac. and New York Cen- tral at current pricu. Says Maior L, L. B. Angasz-"Slnce predict- boom last summer. index for industrial shares has risen 32 per cent. Re- tail commodity prices are higher. Bank deposit currency inflated by 18 per cent. I regard s fur-thei- boom as inevitable. The result ct the srowlns of money can only spell one thing

ing the coming the Dow Jones

MB? 18-_

11, and they will undoubtedly go

possible ta mention every stock every day and that a‘l advices hold good urr tll they made good and all buying figures hold good. even if not re- peated daily, unless distinctly

-' -‘ or ‘ ‘ by us

though

ever since it was first», enacted ab- out l! years ago, I now think the Patmau Bill should go through in

iulandifweevergobuk onthe gold standard, there would be en- redeem

ousbgoldto silout- standing tirrenewintull. Itis foolish to-oosmare this with the

1 believe the prlceof silver will be raised again before long and 1 rchste of Am.

‘MARKET cosszp

BANOWS "NOON LETTER" May 18- h

tlmt thll

MONTREAL, this morning,

Que,

-prosperity and a boom."

Jdcuntilng foreign demand. rather man domestic conditions, accounts scrap prices. according to "Iron Age". The Elec- tric Refrigerator and Air Condit- ioning 11v of Borg Warner Corp. have grown so rapidly in the last few years, that the service wais- houses in thirteen leading cities of the country now are stocking com- plgte lines o! parts and accessories

for the strength of

2 per cent. Copper

preaching the 9 cents at. the =- estic

d-uSl-IY

(Canadian Press) May

changm‘ today while

aln ‘selling at a discount. The pound rose

of a cent at 6 58 cents- ‘ (Canadian Prom)

The Dominion

The pound sterling

cents.

Arrivals

Arrivals:

Sailings: Marathon in Montreal.

Hochelaga to Pictcu. 800w to local harbour. . ‘ in Berth:

l8 Ciss, from Jamaica.

with: erumti wmubn 41. Newfoundland, from lsiverpooi. Corn 0e ha». It to. M. U. l . Chomedy, frtln Merit-en. melting if it reacts‘ telll, Dome 11 Lwdy make. mm ‘Bermuda. belcwl. McIntyre Mines around ‘Pm-skins. from New ezslanti. .0: ,0, Mexican mroy. from Montreal.

.5... Hrsilsasbaieisnunbovslblhflss.

trial stocks closed higher. other groups firm to strong.

148-11111

“mm: mt higher; coffee lower;

changed.

purchase ht's letter

prics were Montreal produce and dairy mar- ker, today with prices cent gigher. No 1 in carlots or less was

pound, mostly Z0 i-z cents, com- pared with 20 to 20 1-4 cents yes- terday. Small brought 21 to 21 1-2 cents a pound for solids and 2'2 to 22 l-2 cents for prlms.

graded ahipwenls in carlots or less being quoted s/t l9 cents a dozen for A large, 1'1 cents for A medium. 16 1-2 cents for B and 16 cents for C

has been unchanged at 9 3-4 to 10 cents a. pound.

‘undanoi’ in SO-ipound bags were again 35 to 40 cents, New Brunswicks 45 cents and Prince Edward Islands 48 cents. New Fioridas in 100 pound bgas brought $3 and New Ber- mudas in 50-pound crates $2.25. ,

Goodyear Announces New

for all makes of both types of equipment.

Int. Nickel of Canada reports net profit of $4,917.62’! for first quarter of 1935, against $5,049,276 in corresponding period of 1934.

Newsprint production by Can. Mills in April reported at 222,244 tons, as compared with 205,682 tons in preceding month and 216,708 tons in April 1934. ,4 months output up producers in the U S are benefitting from the curtailment. of foreign output. The price of the red metal in the ex- ’ port market has risen above a cents a. pound‘ and is gradually ap-

pqiuci is pegged undartheNRAcodefcr thei-n-

Currencies

pound sterling shawed a sharp ad- vance on Montreal foreign ex- the French franc and the United States dollar both eaied slightly, the dollar ag-

1 5-8 cents to t4 80 7-16 and the dollar 10st 1-16 of one per cent at 1-18 of one per cent- discount. The franc eased .01

NEW YORK, May Iii-The Can- adian dollar went to a premium in the foreign exchange markets today as sterling and allied cur-, renoles took s. brisk upward iu-mp. dollar closed at. 1-16 per cent premium against a discount of 1-32 per cent yesterday. advanced 1 3-4 cents tc a. closing rate of $4.80 3-4. The French franc finished .001-4ofscent.1owerst6.588-4

Halifax Port

Marathon from Montreal.

Ile Madame from St. Pierre. C“ abuctc from’: ns Lady Laurie: from local Soow from local harbour. Hocheiaga from local harbour.

Ocld Harbour to Montreal.

11s Madame to loacl has-bout.

1" abucto to local harbour.

' Lady Irourlcr to local harboiu‘. /

l5 Ibylfiank. from Calcutta. 16 Lady Hawkins-from Sennuda. i’! Myrlfiidon, from U. S. Por

Grisphoim. from ‘Gothcnburg.

from Kali sir.

10, Ohedabuoto, from E. O. Ports. Magnhild, from Nfld. ports. Portia, from Nfid. ports. -

30 Kiosciusskc, from New York. Magnhild, from Halifax. Rosalind, from New York.

GUARDIAN

Glance

(Canadian Press) Toronto and Montreal-Indus-

Toronto woos-Golds lower; New York-Stocks closed hlzlmer. Winnipeg-Wheat. up a cent.

New York-Cotton and. rubber sugar un-

PRODUCE

(Canadian Press) MONTREAL, May iii-Butter slightly higher on

about 1-4

1-4 to 20 1-2 cents per

lots to retailers

Theegg market continued easy,

‘N0 1 current, Ontario cheese held

On the potato market Quebecs

82in

Capital Set-up

(C. P. By Guardian's Special Wire)

‘IORONIO, May 16-—'1'he Good- year Tire and Rubber Company of Canada Limited today announced a rte-arrangement of their capital structure, calling in the outstand- ing prcferred shares and issuing preferred shares of $50 par value, carrying a cumulative dividend of five per cent per annum. The present preferred stock will be called in at. 110, the redemption to be made on June 1’! in Canadian currency plus accrued and unpaid dividends thereon amounting to $150 per share.

‘President C. H. Oariislc, in an-

nounclng the new capital setup

writes to the company's share- holders: Over a period of years your company has had a vcf-y large sur- plus, which now amounts to over

MIMNG

Press) ‘IORBNTO, May io-Ohief in- terest in the mining section of the

Toronto exchange forty cooked in

the base metals which refiectcd the inflation sentiment of the New

York market. The group was well

up at the close on heavy turnover. Golds were irregular and the silver although strong and active in the early par; of the session, were inclined towards a neutral noni- tion as the day advanced The oils closed steady to strong. ‘ifhs ex- change index showed the golds practically unchanged for the day and miscellaneous mines about half a point higher.

Heavy buying appeared inflor- nnda with the price advancing B6 cents to 40.00 and Hudson Bay, also on turnover, added 40 cents, the price closing at 15.75. A few gold issues sold down mode:- itely including Bralcrne, Wright Hargreaves and. ‘fleck Hughes. Royalitc continued its advance, gaining '15 cents to 06.15.

(Canadian Press) TORONTO, May l6- 5100b‘! C111"

Edi.

alEe§ce§2e._-

Coiuinur-io Common \V Conluriiiu . l) i\llll".~4 Dom lisp]. Eldoruilu is‘ Bridge Fed Kirk . - Gods liiike ... ..... tlolounrlii ..

Uooiifish ..

Graham .

(ireciic .

McKenzie McMillan IiIcVittie . hIcWattcr Merl Oil .., Min Oil

$0,250,000, n has been and is dif- m“ “m; ficult to loan money at profitable dfiffiili?“ rates. The seven per cent rate now Nowbec being paid on the preferred stock Qivlsfllnr is not competitive with present {)-°B"§,2n“‘__ _ financing and it; is important that Olga 011 .. your company should be in a. Pnymaster strong competitivecposltion. get‘ S” ' “The stock has been selling con- Pick C“, siderably above the call price. Pioneer These conditions are not. desir- K161111101‘ - able," the president adds. b31153: - The amount of new preferred m.“ M“, stock to be issued will be $8,000,000 lied Lin» .. or more than a. million dollars less "PM “"111 than the total of preferred now Ifiochelit.” standing which will reduce the gflfnAni ‘_ cash surplus by that amount. The Stu-Ma company also proposes to issue 31”!’ "1 two common sharesfor each com- 21's‘??? " mon share now outstanding. is... Th," In distributing the new pre- Stndacone ferred stock, present holders will S.‘ m“? ~ be given the right to subscribe for s-mntooo- AIIQl/hel‘ $3,000,000 hflS Sylvanlto been underwritten, making a total {P11811001 - - - of $0,000,000 to be distributed at {Ffg ‘f:- present‘ . Tgbusrn Towugninc Vonturi-s .. NEW YORK ~- ll S l‘ ... ssI White lilng 4 _ \Vills'.*y t‘ 4 EXCHANGE H s» Yinlr . . Silver . . Total solos 800.000.