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Morning Stock Letter 11' New Ywk

—x_x_x—x—x—amx Dominion of ' F»

. r Market Reports Canada Bonds l : , _ llli Exchange ||| a . . . l" W8“ “reel MWYOI’ Saym- :-: _ 3 By STEWART JONES 6‘ c0. Charlottetown l .. - Y r. l Special l0 Johnston & War s l i 1 .1 h t e u" 1 I" '

J d ;-; ‘ ’°“ °0,g,,,';;,;g,,,.,w5551mm, x Correspondents o! Grsenahields lb 00.. Montreal (Special to Johnston as mil-u.‘ k ‘l G

. u r- no _. n ~ , _ _ l . I "'1

§=-=_____-..=§_.,§;;§T;I==; J‘=V-==v=§IT=-==.——->=e=—==.=§=<§e=i§'é” §ligfif§i zzljgjxjf 1:31:13-“ - uac_x-x.‘x—xfl—x-xax_xg_x_xgl .3. a... .. .. . llarantees! Investments

. _ . y"; ‘yum e . . ' , .. ... V“ " " - - | d d d t _ H _ l-ory ilunu . ... ‘ Io:e":i|i‘vv:.‘i;|li“s“r:em rtehrearce/liuirgzlg. 1:1: though nut by w", n hm Claim 315354 86% illi 30 MONTREAL “ma” allow“ n“. 1930 1s mmzogm be_ vmflry bu," 1 10,20,110, OUR Guaranteed Investment Certificate!

porinu n. mun‘ Wuhan“ elmmh . s number lur hue day was: im- C - l2“ l” P‘ luv lug 2i 11.0. Earnings results reported by Victory liunu .. 1101mm paying 5% providcadouble guarantee

“mlhh ' nil uu t -| "m"! Ilndrr the- IIQWI but n tron-l 0mm m a" ' w‘ ' u‘ "-54 '- " Alilllbl --- -~- --- --- 11 wrporiliiolls iluve ill-on loss antlstartnry Renewal . . l) 2H0‘ ‘i0. f if t l I '

rmblilhtd lotus‘;- {hze are": r11‘ sltlure pulns uhlrh rouplrd with illu flirt ‘km F P0" ’ m“ w“ 43% 43% Alberta Plleiflc Gruill ... 4 tllun those for bunks-sud other inltltu- Refunding JHHOIHIL. ” I e y‘ “ucd forpcnod’ °rfmm one“

l‘ ‘irztllitgnulfluk-sl tile rad! ¢a-¢'u::"lh°:h:";la y?" m l‘, "p" I "mmd A: fioclot ' u g 50 55% 55% Amman’! ' ' ' mm!’ Rphmdm“ Inn“ mu“ mm" m": ycm"

"so - I d t I .7 l‘ <‘W lsllllon. Th. 19"" ‘ "' . Burk ni’ Montreal ... ... Refunding l§|iii44i01.fl010i.¢l'I

lldustrlals Ilzlfgflthfi ogsmrr. t lu lilgwhiuh l- hm above m. m h. | L-mr. M“ as R“ ‘W ‘:94 4Q” a?” Dunk of NOV! Scntlu .., ncrlvu uosn muons Refunding .. .--|~i'/af10i0|i0i.i0l ' Till.‘

an i" '°""~ " "f," " "l;','"""‘° imii-teiiiirrrh liioilnrt illlllug the ‘m P3?‘ " “s? 5 “i 5 V" 7"‘ Bell Telephone . ..1l1 -

mi m, “mafia: "Jfflf"; "Yri- a‘; ggnfl" m)? lg?‘ Hruziiiun . . 21-11, CORPORATION SECURITIES:

’ e ‘ 1 air l .. - I . ‘to torrent. A rluue study n! volume will ‘rhmufll '0 ‘mum n" "Mk" And Cup . .. 337s 337s 33 337": nrmlh u lummu hm" ' d‘. _,.- COMPANY [l]; u hmuw" w. “w” “ind ‘t u Imiziivlgf lbout the Only n", 1g “when 188% 18s m" 1 ; Building iroducts ... ... ... -|T/J Alliiilli . .. 5p: 1053 70.00 / l , . 1 . , _ ; .- .- . _ 4 Li” n -luh_mm_l "chm". mm ‘mum "m" girl: aaoglzlzlrlsiniliav‘. In] u‘ dose m2 ‘B, 237% , gllgilttiirizru 11/. ieil iei . . “la-Ll: me Montreal slur-i 11.1.", s n. 1n...» om". u.u.u.\.\. as m. Johnna, Nfld. "Jinn muriring n hroud nuvtulneli hull mug,“ " i "i" 20% L I 1'0 "ll I — ‘$1- Cmmdmn pow“. ‘flu PM," m, 51" m. w" (‘hsriam-muli. 1-.l:.|. Mlliiviiln, hull. Mlllllrnll. m». WALL STREET 75% 7§Vr| 74% 747s - fI/J Cnnndm“ Bunk o: Comma-ca l» "m. m“ - » . i7. h‘. ltlhnlfri‘, slunnp-r. (|lil?|li|lt‘ili\\|| ;r----,~|-~ The lmi news rfliiivrilirlr Mirerre MIRROR snrs " I‘ ‘M '-’-"./i 2" 3/‘ (lfllinllliin Bronze . -i'/i 415m i944 k E h

|onii'""“"l' “' ‘mm :'°:7“":'° ,"" ‘lhmliiil Mtlnn Ind pgnf "n" n";- --l "255! "mm §S7=i| “J85 paumlhm 1;,“- nud undry 16H; six, pg 11ml) ‘-———'i'j"—'——'——*“— —- r —

||r|li|' i: fl’:fl":‘“::"' 0;’ ‘he’; $00k kmlrkst still con he laid in ill ii 2n“ 21 I - a‘ _ A‘ (‘uundlun imiustrlnl Alcohol 4 5pc 195i

rugs o loo 1| all it ntoolt ilrieu were on (he . , 1 _ (‘onsnilduted Sliieiterli - 5pc i115" v é

shun-merit 1131*" "ii "Pflwiim- "iliirut on the side r 1 , ' ‘m5 3m 3“ 37/" W‘ n i i B n1 . 48!’- (rut l‘ w .. m- um ~ . . ~———_—i —_——, lPli-llllrlilb ‘iligrizlaxfgxahrhlzztmflu: b; ""4"!" l" "mill? l‘l.:iiv1rl:l:..tll?mi:ul:.i:‘i'l g dpncflnc “V” n99 41% _ iiglllilllllllgl‘: Tiirl‘ fl?“ (Jhinelcul Jlflylilliili (SUM C0 5',- liii’! (Special to Johnston b‘ iflirill énnj-azv-tn, y,‘ - “Ill ‘xi/l '\ no rsulon o ii armed good qunrterll there llilll a “c” ' ' I ' ~ J Fmser (‘os . ... 1% .\iullt i‘0\v . f» |n- liliil - " ‘ ' v -- "l; 5 i’ - "

til I111 d u n Inna-rs _- _ . g/ 1 q ' " . 1 . _ . . (‘ .\[ s‘ l - DI-‘qffill-"anlihrerzrdn to ‘lrgievsntllnrlt u: gllgrktllnriternilleilxdzptuhol; ‘T351271. l: l“? glitdldrnfllild '1' fur/i i M’ fifflilfg"lo‘l"l'°el “'"'~" - “L13: ' Emilia‘ . ' gllyllililglghlliilwflrtisl Dzznliiridlz-e m.“ n 1:11,,’ 0:1 10.11,; f | herring lulu. The hows oi’ g "'"' (‘h s hi 28V 231/ 22% 225V —7 "‘ - ' . . - i ‘ - u-l 1'4 9 iio Textile .. m 2’...'¢.'.‘§...|... ltaterueiil. '.‘l..“"i.‘l'i'l'°ri'.“."fii','.";il.'““ m“ ' ""' CoiryCnrbo . sol/fl any,‘ em, em: 41/: {"§°§"f:{{§:j|‘: {Efftfgleéd _' m’? ' “"1,” mm Abitlbl l-nl 42_ 14:11,, 42 42, Fran" m, PM manner-hi}.|:|..“¢::|,m,,.: ‘n. ula '"°""'" M" (Pall (l; gran Jfisiéalgziiw 40h‘ 3W1,‘ lguial-‘llu nu . Que Pow ..' filic 100s lmlL-lo 104.00 12:11 591915011011} " 1§3"‘l”"‘ 2M m“? {Ema s ‘um | ‘l; no In I is! t I n e ‘ H] v ‘n e4; , . l- ‘..- '.- -— . ‘ n. _ _ Sh. . l. . _ l, , -_ __ _ --; ‘ _ I sill‘ ll cult In learned that bi; interests lltill wnirorlzr. w] a M‘ . ‘until.’ “ovum” ('0| fifiilih - 12% 15'“ 11% "V: — V“ ilrirzzlrtignnc - --- Hm“; r3: . 4'35 13g Brat-Hm," " 23%‘ 227' Ham “ridge ' million with rellput m tile stark h. y“, “m1 m1 um 101 - ' . . __ - - . .1 -. a ., ii <- lmwr A 41m ~11 Holl i; Mllllih

line‘: m". l" u" “M” "we," b, “n k rid: are ltill maintaining u nide- 001/ ruy| m) m] I,“ Zilunlrcnl 1.. ll. 1nd loner ... . Lnii bcrur . 5,, pc 1115- 100.00 10.00 m“ “mun I"! “NM

I I . m" t ‘h . _ ' "i - .1 '1 .. .. s ; _. " , ~ _ --

"lnmimsm trlultfl bllftllzlgthhll been eonnfullfliau‘: Z:e'|'1'.:°e":'urk" h m“ 8m}: b?” 73:”; 72% "an gcieeiealf: .'.. ... .. DOMINION 0F rtummn mfuelnfy ' 1W! "V- idIldfil-y it"

u w . , - ' , _ " . - - ‘. . . . . r v- . nrr :::':.;".;l:".:.: .1":1.::..:: '-~:..'--:;' r I all l‘-A'.i".'l"’.‘~.;.".;...'.l.;.":1. -. . ~.~.-. ;;.~ 55"" 1:1“ _ i a i» "i" "' "’""'"’.""' " ?"°'"‘" '"' m“ ""- Mwloaru n. u» rail-mu ‘lint-mil -- PM PM 1”‘ 3W1 ""1 Prlrc Brothers... . Mull! ll c . 5m‘ w» 1011.00 101m U" °"’ “" 1'“ 1'“ “"-"~" Inttfflll which were rloneiy courier-rho“. Jolilll-ifflil 71W. 79% — qmhw pW-e, l: N s 1.1a mu; 10.15 1101.50 101.25 -¢-—— |prinr un- iioclnrsd to huvs taller: unothted with ills advance in Vnnnilllm lult TWlé ziifl/r 25-194 JJX: —-1% "fly," Bunk _ . N It . .. 41A pc 1971i 09.75 10100 ' 11., 1mm information rrrnrriinr or bl; uoslton l“ ma stock. 13W‘ ‘Wm “W1 ""499 1, Silnwlnignll . N ll . .. 41mm 1050 110.15 101.00 " lion on rhurliday. ll um the company sh." 5nd p01,.“ .,,||,d h, ,0," m,” "P" 51%! WA [>951 “W: —- ‘h; Slmnn lllii| Sons N ii . ._. 4v, p0 111.11 00.15 101,00 | slure this your. w shuw earnings u! better than "m" (fen 54%| 1% oJ / 53 -i'/n gwq n‘ l-nnnqn _ . N it . .. 4i,-’,pc illllii 110.15 101.00 < United Alrernft il now in new hills » (‘still iii . 3511M 40%| 41.0,] Jflfl-l sum] n! gamma m, , ‘ N 1i . .. 4% llc 19515 102.50 104.00 '

rriullrruup ll-n znlati-zlrogufill: Illll ground Ior the your nmi with I pow. (Ivii ll R ‘_/ l ‘ _ if! Winnipeg Elecii-lc ... ... . N . .. 131m glhi.‘ likilii) 106.50

l,“ nun» 'i I e exneeiau n lei] 1| h , . _ on -— .4; ' . .. 0pc 010 101.2. 10121.1

ls all? l-murtfikzlzz-hiilliie; pgieelsl.‘ ‘ I ‘headed hllhvr-oll. s. fil:,':,,,,‘v§;:|':,','f, 3051-1851111: 4:71 44%| 43p‘! illiéllii‘ xmv rum: ' . .. gin: 110m) 10111.21 131.111 ‘

mew w - ~ munrn - u » u ~ 1.- -- ~1 . .. pe 010 0.25 1 .15 . upqdlil adverse JIIVIIIOIIII notion, has Alrollul, while duo In [Peat ("lgshy ' 5 | - l’?! Ailrghnny .. ' . . ' l it d . . "m" ll l .5 . . .- -_ . ' .. . ~

h ‘llsilr-hldlszlnu-irtixd ln-dslrrfgusgst work M“ "mmmd by " mm" "'°""" 113:1“ 131'.‘ 233g‘ w’; -; m" , Dmlw!“ or UNA!“ BONDS ‘>-

il. D. l. D. N. is I big holder 0t U. in hoidlnr uzl in isms of the decline in "um,- Mo "' “m “m u l 1 }— llendlx Aviation (TAX EXEMPT 15511195) -

It lillli" ‘"d" - D», Illa noel: linvlng been iioulht lu h" um ' " m“ | I _' 55* (‘unndlilu Puclfle ...

lilnillul is hrslled lor better prices Int (‘mu . .. 13%| I — i4 ~ , - .- 0011.10.11 100.80 101.10 . Id movement Int Iinrv ln’ 1M 1'1 n3 1 cmlm’ Nari urn 10100 10-1-10 " ' ' ' h“ l“ m“ """k°' "M" " """'"'"' m Nickle 1801/. ltlrkl .24 1R - u. lffffif‘ ff'lld'___ . . ilnrlflwflll 100100 10111-1, ' ‘In: Te] i“ h m: m m “'14-'99 finmmerciul Srlvents ' - U9" 1-1937 119439 111-25 . . ; _ f i/ r; "51/ _gvv . , . _ 13131111.‘? _ {.5{::',‘§'|:,"",,::.‘.’,,‘:“n;,3"i,]§h}' (TilXAiiLE ISSUES) ' Krl-llp Toll . 27% — l-iox Films . 1E u Lulu Co . .| R4 I M | Rfligl R111, _- i/_. Gonna] Asp] 5'9 pc ... I\_u\'1_l!)1l2 102.111 '. (, Lig iii" I! [H7 I311,’ s1 $71 ._ .1! |lc .\lv 1.11mi l0:'.uil . . F no," “Inc __ 57%] 56.4fm #57414.“ jail-e .. ‘ 100]; An EnsembIeofS evlaallar Beauty-Llnsdescrlp. 21'5"‘? 39%| 33%, Kilian-iii: }'.'l”"'.“:|'m'“|l Hill-If“... Riel-a" .... .1: 001151041 m)” or i” 6T“? Fm Youffl“ hfuraiglfcd Qvcr)" \ 9 Mont Ward l my. '.'-'>-'ill 21%| 21' ,\1J,‘,',','.',1§.,l2"?ra|»nl=r 4 ~. m: rv-l- 1, 1010 100.15 where to this big impressive Willys- gilt. And 53"" ii“ ~ -l 118% 11811031100101 Mnltgnlnery iVnrli ‘ '° " " o“ 1- l“) “"15 it is notan extrsvs nut statement. For here is T ATORS and AGENTS N" 1*" - 81% I ~ l 1- ~ - ~ - - a Nut l: m-g . s "a 114/ 1,1, §§,',",f;'f',,'f,'",ft“','.§f},",,x °““' ' ' l and richness. erelsdlgnltysndoomiori. _ THE ._._,__ _ 1 i} i‘? gilifv/ll m5 48% 1-. hit-k null Ford . And ere is beauty such as has never before’ - .1 . .. , ' 0 401' » ~_ ' - - - - N y can, mhw ‘ 1,1"|,0,,_yj"m,'* h<"]l'm“"‘_‘_‘-f".’*___ me Montreal been seeum s car at the pnoe. This year Wlilys. . lfulgmnvgt- -I8&'>§1IK1%IIS3B&IS-'§MI s...» Iinehuvir Kmglitpncesnrelsmucllsl $800.l_esszhanihore a I ‘|l' ~ Fiiunlluril Oil n! New Jersey ... of h" eafor aimflum ¢ PMk M“ - -l 9%] 9%] 95H 931-“ fiierllng Securities A t b M k y Head Oilior m Prince Wiliilm St. sum John. N u. * 113: 15nd I d’ filial’ $1512.? l? W :14 Ml’: iq'""$°"3li".'} ' "r ar et 5"" C°"'f°" Bww“ "fmm R°°"“'"°“*n° ' . - Penn iiuii ..lssl/.|5s1/,|s1 o1 l-li/l \'}...‘,;,|{,,,,, __'_" - length of tho new Wlll s-Knl hi 1s 167 mches. _ ' 5'11,‘ OF)‘, i 101.15,‘ "W. ‘q ||—1'7§ 'f""'k ~ 3W, Thcuewtreadis SBMin cswi .Theseincreased -——i—- -- ——---~-._-_i-_-___—-_._-__.- I . _- — ' , n- ___ ___ I.‘ . ‘ Rudln Cori , 2m’ -_-.-,1 ~- i u- .1» " °' ’ ‘ " measurements allowed the desl ers unusual ' R r 0 i I ‘nag! m? 4. ,. 1.. \ c w krsaraial lo Johmiton a \Vl|rlI) _ l _ _ d l _ \ . . :.:~ '.' , , -.i;, sumac! REVIEW ron M. n il 21 . no s 1lpanjlllglilnaivlnnrl lcopeinp annmg more spacious an uxurious - R 11 a l. 14-’ - . .. .. . . - ' . ‘ 1:212“ 1 1,523.1 2112' 211,1.’ 20%| 20~)’,"— 1;. m‘ gialgsltllllsirisrv on I ii, |l 1111""? - ¢5 "f! 615°" 1700i" iii lbiliidiiiim fqr n‘ B I M k 301211 . m" no fl l» v, LoBL.'\\v CIXOCIQTI-IRIAS c0: Jllnfil zlllsxvlnrlnli . |-i.'i l 5 smpl proportioned ople. The front seat 1s s 0|‘ H r ,1 0 ~11,‘ r R l Ill . ' e Roebuck . 51% 571/: ii‘! 51 -1i,7: The report ni‘ rules and not nperllillll: (‘llnnrin Mull. , 941i?" 1° and the b‘ of ‘he 5”‘ may be _ ' fol-p ...] 115111311201 1:14.; 1m _ n; profits n» ma H1010‘ endures-lg;- lliirf-illtliil {in (tarp-Sou . mclmed st the angle that fits you. ~ '0 . .. / 15%| 171/ 17i/|- =y ill tile current sou your 0 ilfi‘l i lo Stores _ _ Much has been written oi’ late about the likelihood o! gnulfiilivifiifi" ... ‘ ‘ _. ' silllws liifllluvtli‘ ntmsiiilfigfri,‘lwrlllusvlllilh :10 "1' Cilvlu I'm All Oltrflilfdliiilfllgl Pflwfiill ca’: "l? h". higher prices ior bonds. This trend has been ‘gnaiized s nun-as '1 "'31; | I l}? Pr:ifilrrxlc$lllldlgllvfillpss gluv-‘Tn-r ‘ii-F ‘40 liiillaliilfirnfll:"fffluau . um m2 102 "'7 ‘°u'°._"'h° "hm Kmght engined by the recent oversubscrlprran o: new 15,“, Wm. 4A5,‘ u (l): nirilirlznf. .311,“ rill/Tm u-l-nrifiz illl$lll.tll.¥2.illi;'l, igillli, 111;: lllilllporrgul] nu . . 131/4 151,; 15s,’, car ever built-B’! horsepower—80 miles ~ -‘ . _ ,5 . t, _ v w» . un 01111 u r o . - I . " - ll ‘n lll"i ' ' ‘ ’ coupons. Under the circumstances, some investors are ask- h‘ 0 0r N .l . 44%| 441/: 44 '11!" n; 1111A]! in.» currmlt giililli-{li flsvrll [iufliill Tim 1m‘ |-elr,,|‘§,‘,,,, ~14! "| m ' 10/‘ l!!! 11°": 50 lllwwild 5081*‘. ll W111 5W6 l" o s o 0t N x . 21v. :11 -_-1.1/ ‘ t‘llililllll_\’ Imii lire" shalt-nu.- PXPPHOIII l," run“... A ou anew couce uon of fleetuess and , s w high is it possible for prices to go, or in other 9 Wm ml w Ii , . ' l’. . u | l-"m - m 1 ~ . . _P , word‘, Whit Yield! mu“ We 95PM?‘ on “In Zffldfi 560111111115. lThel-lnnllllir . ...]! ill)?“ (if-q (li/ t,“ ‘lfuruifilz’: l7; illliirulfdlvelnof‘rudlli-l _\!:,t|-n|‘|,'|:|l|'l_0s B acunty‘ I," °‘I‘"Pm°,“' leaves nothing ' ‘Studebaker "ii/A 2:71;] 24m ' _ y; rd dl-liur llnlcs tuinls. ‘fills rcflcl-is we lhlirr» l.d l, ~ l0 bQ défiiffid. See lltlfllngc f0! B n- » "an min, m. lam h. ... “...... l-zimz. all: W.‘ ~ v ' lt’y“"iil'f.‘.‘.i.“;'.f“l'5..fll° .111’.1.':..::11:'";:l; :'.1.'...*::""' d=m°"'""°=- - ' l‘ ~ 00-’ -— - . .. .- leadiu| banks the IOIIOWIIIQ comment lppgarui concermng lqlqaqnrli)! (‘ll b..||".";i,4| .1015; 55%‘, 55/,‘ __ {I been running higher iilnn u your iigv- fll "IIP l... ... . I fill ii ur d" l/ ‘- Il'i‘i~l ..."‘I ’ ‘l "W "m"! ‘Wild "l b01111 iirlwi; “ - - . After the break ll Puvlflu '13:; llluiélllllf, l-owicn coup. or" 0.1mm: u-ulkfir,‘ 11mm, hi‘ '~ I H "h! o, 1m bu“ mm comm.“ to immm m“ M" h 1m . I l ~ SAFETY cuss m ALL wnvnows _ I c . -

Tile common stark llns continued’ tn AND WRQDSflIELDQ Q}? ALL MODELQ more llurrowiy but ill un llplvuril dirt-c-

ilull lllul llus lififlli slunvlng sirvllutli

ii is u mistake to think that because motive movement in

the bond market lot under way in January 1931, that prices ' l ‘ i ri r lie [lust few duys in (lie ln-Igil- G E h will quietly reach and pus their high point. A good bond lngrhqlllu 2.1 0:1. The nauuu i: luuiilglnznra raln xc drlge 5 1&- ugrum. o; 261i w’: mute‘ h!“ f.’ Into the period o’ “ulna” "cave" ‘m! the lllfvetllligllliuillltttretifli‘; dill-lugs? T°m“i°- Um‘ 15".‘ ;3""' . ""1" '1'?” """"'=" '""""' '° """'"" '""' '"‘"'“ .".‘.'.‘.’l.'.° ..";".I:l mm": ..".:'...'.':'.: :.~.:'.':: ”'“ M . .. .. I . .. . . . . .1 ... c . ... ... rates are likely io do much to prolong the present upward m," aval- the HEX! year a»- rm llfliiliiiii- (spat-ml to rlullnnion r “urrlj ‘ ' _" - ii. ll i’ rth-r illpr volneut. i v .' "and In bond pflces ' f: {d}? lstilllleziutllldi dlirlu‘: tile Pliiirfliil ('iii(‘.\ii() Q 4 ilsvui yeur portfolio reluliuuillleuls uive ' °" “mm °""'"- H" mm“ ~ "W "mm" °' l - ..’!.".’.'.‘l‘...l’{"2l!...£il2"fi‘i.' ...'é"‘.‘5;....i‘.‘.’.‘.' l‘.:':>"‘ if"? - hish {rude issues which we ieel are very attractively priced '.9.99¢9*:¢0¢\bO0O00osoey “Eff, mfhnng, w,“ m, m..,.uh.,| h, u... ,e,.|,',_ at the lirescut time. Cow wliirbe gladly furnished on i iliaxlgigluiliioiiilnlizilligleiilf; 1'11“ ii-vlfiiilié rials‘. - ‘Wuflt AND z lnonllls nlliiulllltelfly lills lllill iilu viii-cl. Link; , l - l l ii |l' ill mrlmr- ii-p. . GPASSES Frrrln p llflrlzllqlz‘nilfiwlztidguislullsllillan. 1131c ruili- .\iu_v . H K w- TdYI-UR g 4H0“ yllnvk line lloeil |lI rutln-r light Nilll" tints E ' ' l- l. TAYLOR 0 ply during the nuunle 0i its upuurd July _ astern ecurztzes ompany g _ ohm"... ........t... .... n“ - _ _ 1Q gamma,‘ "N" illree ur tour iiiOii s. - iii’ -- Llmlted ”_.___.___'°“°£!.°.Qvv¢~voooo¢noof CANADIAN conrolhvrlox I W. ii. V. DUNBAII, MANAGER. , E'\m\|3‘m“ yo“ "a": whim‘ w t i M r ll flilll. .l ily ‘ .. HALIFAX CIIARLOTTETOWN sr. 101m lhf,°;nfjf_f_,“;‘jffi',fls ’,§’,§,',_..,",,,.“,§-_- ...... ‘ MONCTON SUMDIEBSIDE FBEDERICTON udinu lllslituilunu llud l-urporutlnlus, v hovering 1030 uperuiluns, sllmvell lilt- llrumlte not earnings (iivullxlllie 10l- ull a} —__ llllvillvnd purposes) 0i‘ $i2lJ.U-§~‘4-7<|i|~ TM!‘ “51-3-23-3- i-nutrusts with $ill5,00I_li7i reported ily PBYIIIQIIIS f0!‘ produce lilo sumo cnllipunics ill 102i). Tho de-

l . are made daily. l lilillnrdilltluiniont_tvvr_i‘huppsii_ll i|‘|.__ . . v 1

Swiffs cheques and

. . . - r '1 ' . - Publlc Utility Preferred. Shares "Z1: £3191; or‘; 1:1; x‘ Stewart Jones 8‘ Co. A Olflfer Artractzve Yxelds 2222,12,“ of poultry o, commndent’ o, v » ...

\ A§> 5m" Greenshields 8r Co.

Calgary Power Company, Limited c a n a d i a n c m Members o! flu lilontreal Stork Exchange 6% 5 Z about

Nova S<=otia Light 8i POW" ¢°- Ltd- CharlottetowmP- E. 1. 6% Preferred Shares 1: 1: Yield 6.19%

Caiiary Power Com any iiiiiiiilifleliiiimclty at who esele or retail to {i8 communities m Alberta, . inclu ' the cities of Calgary, Edmonton. 10"}- bridge, and Wetaslnwln. Nova. _Scotia Light l: Pow Company serves tile QIPY 9' Halifax and a number of other municipalities 1i; Nova Scotla. Both companies haves record o pm vedeveiopmentandlncreaunswifiiiiill.» an their Preferred Shares are senior t0 ' dead-paying Common Shares.

W end ti; Preferred Shares for insesiéagunimand sizzle be pleased to suPPiY descriptive circulars upon request-

_ “Manufactured in Canada"

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u are“; Gm,” st" cyan-loam”). l P. J. Noy Hunter River J. A. McNeil a» Sons Summerslde c. E. Pratt d: Son s1. Peters ' Kings County Gurus Co., Ltd. Montague

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