SQKEME n. was

We can use

our Ejxtra

Electricity T0 WASH MID IRUN

Electrically

Imagine doing your wash- ing and ironing electrically and still paying no more. That is just what many cus- tomers are doing with the Extra Electricity they get at No Extra Cost. What are you-doing with the Extra Electricity you are entitled to? If you do not fully understand our new low rates and Extra Electricity offer, stop in or phone today and find out how you benefit.

UNUSED IILOWATT HOURS OI‘ ELECTRICITY

Oar customers did not us! mon than 85270 of the

11H)?! Extra Kilowatt hours '

of Electricity that were available for use at No Extra Cost daring the first 4 months the new rates were elective. The Extra Kilo- watt hours to which you are entitled are yours for the using at no cost or obligation to you. We want you to use them. Find out how many hours of comfort and leisure your Extra Electricity will give you. Put it to work. Find out for yourself why we say the penny you spend for Electricity brings more in comfort and convenience than any penny 0i’ 1'0"!‘ budget.

r

Use Extra ELECTRICITY at No Extra Cost“

MARITIME

ELECTRIC

COMPANY. LIMITED

Charlottetown, P. s. I.

In Memoriam

MR. GEORGE IVES PARROW

mm“ puns away at nn home Hilllllhll on Thursday, Nov. 7th, "was Ives Farrow in nu 84th Y,°'"'- Altlwllsn ailing m, a short ""19 he ieslissdhis end was near.

e was most patient never heard to fmlllllsln and died peacefully. "l "Ill in a liscnLord.

The funeral which was held on

“ill-WV 9th.. conducted by lit-v. Oeo. we: my largely ltended. 11a was laid to rest in

“m4 o: ', the pail bear- 31mm bis‘ ‘I nlighbors. Messrs. "W IlcQusnie; Arthur. Inman, W. A. McQuarzie,

‘Yrren znmsn;

Till} CHARLOTTETOSWN GUARDIAN

i STOCK QUOTATIONS I

YESTERIJATS 100M" MWET illiiliAliiiNi

Gorrectediior Every Wednesday and Saturday Issue

PIIODUOI

flats . . . . . , . . . . . .. llay. loose clvt Straw. pressed ’l‘urntps bus Potatoes bus

RETAIL MARKET hunch

(‘elcr Pots Lettuce. Sqllnah . Apples (inz Apples pk .. ‘Polllntocs lb . Vflliilfliflffll‘ each Onions lb . llcets pk .. Color-y hearts Cranberries qt . . . Peppers each Peppers real ouch . . . . . . . . ... Pumpkins lb illint .. . Carrots lb Turnips 3 for Spinach lb .. Parsley bunch Broccoli .. .. Brussels sprouts box Crab Apples pk . Veal lb

llnsst Beef .

Pod lb . . , _ , _ ,_ gr; Parnell biackcrol mlcll . .... 15c llnlldock lb 10c INCORPORATIONS (Canadian Press) OIITAWA. Nov. fir-Notice of

the following incorporations was given in this we'o's issue of the Canada Gazette:

Ilosanao Limited, $500,000 Char- lottetown and Nomy (Canada) Limited. $35660. ifih-olottetown.

S eci a l ti es AnduRailsLeadh Market Climb

(By Frank Macmillan Associated Press Financial Writer)

NEW YORK. Nov. l5-Spectal- ties and tails took the lead in the stock market today. Good gains in a. relatively narrow selection of issues stood out above a market which was generally only fruc- tionally improved.

Farm implement shares. rails, railroad equipments, oils and some of the motors attracted the bulk of the buying. The high spot of the market was a rush for these groups at the end of the second hour, when many oi the best prices of the day were recorded.

Activity and moet prices were below their best. in later "dealings. turnover in the stock exchange was 2.950.000. hypo ximstcly 1.- ooo,ooo less than the previous m- sion. The Associated Press aver- age of 60 stock advanced .5 of a point to 55.2, replacing Thu-rid!!! figure of 54.7 as the top, not only for 1835, but since Sept. 11, 1081.

Other financial markets follow- ed stocks in their slackening of activity and buying enthusiasm after Thursday's spectacular Plllh- Bonds were about steady for the most part, although secondary rail loans found a following. some of the Italian issues got down moderately on the nearer ap- proach of sanctions. U. S. Govern- ment obligations were irregular.

While buying was active in some sections of the stock list. s Illllll- her of the recent members of the advance guard a? *0 b" under the restraining influence of realizing. While net losses in the day were not common, a good many gains in previous favorites were narrow. .

Some equities showed very wide gains, such as Case, up more than 4 points at 108 3-4 and Eastman Kodak, ahead better than 5 at 172, but advances of 1 to 2 or a little more were much commoner.

Some of the issuéa which showed‘ fractional net improvement or minor losses, although fairly well ahead in some cases at times. ill- cluded U. S. Steel. International Nickel. Standard Oll of N. 3.. Pennsylvania, American Telephone Budd Wvhreelc.‘ Radio and Mont- gomery ll’ -

Small losses were the rule in the Canadian list. This trend applied in Dominion Stores. Intornational Nickel, McIntyre-Poroulliné.’ 011l- adlan Industrial Alcohol “A '. Dil- tillcrs-Sosgrsnls. 3°31!!!" "l4 Lake Shore. Canadian Ppciflo. Canadian Industrial Alcohol "B." Ford of Canada and Massey Har- ris were somewhat higher.

William Inman. Charles mos. ‘Iherl are left to cherish his m6 0M

four sons, Herbert A., Halifax It. s. John c. ohlwv. Alta.. 5°"!!!- North Battleford, Saekz. Wllllsm II- at home‘. also eievzn IYIMWWSIV" grid five great-grsnd-clllldmn. _

daughter, Mary T., Borden. P. I. I. you,

i .MINING

(Canadian Press)

1030"“). Nov. Iii-Sensitive to gusts of selling, the mining list of the Toronto exchange counted more losses than gains at the close ivdfly. God's Lake was one of the unsettling influences as it broke to 1.17 under the weight of offer- ins! dumbed overboard by nervous holders. Street talk about lean ore on the fourth level of the mine helped to bring ouiqstock and 94,- 000 shares changed hands. Before the close the price recovered to 1.31 to show a net loss of only 2 cents for the dsy- Both the gold and the miscellaneous mines in-

. dices registered losses.

All metal groups shared in the slump with base metals holding the best. Norands closed at 43 7-8, up 3-8 to a new top for the-year and Sherritt closed a cent highcrind Base Metals Corporation 2 cents up.

Hollinger and ms Hughes changed hands in considerable volume, the former down 25 cents and the latter 2 cents. rononro, Nov lo_

(ioodfish .. Granada .. Grnlldoro .

Olga Oll . Psyrnaater . Perron

Read Allth Red Lake ltcno doll! llochc

Tnwngmac Ventures . Waite Alnu Wayside Wh

Markets At A Glance ~

(Canadian Press)

Toronto and Montreal-kidna- trisl stocks lower.

Toronto Mines-Lower.

New York-Stocks closed higher.

Winnipeg-Wheat 1 1-4 to a cent higher.

New York-Cotton and coffee higher; rubber lower.

GRAIN

, (Canadian Press)

WINNIPEG, Nov. ill-For the third successive day, Canada's wheat found favor with importers today.

As a result, wheat prices on the Winnipeg Grain Exchange recov- ered from early setbacks to rog- ister net gains of 1 1-4 to 1 cent a bushel, November future closed at 88 1-8, December 85 3-4, May 89 5-8 and July 89 3-4 cents.

Besrishness which tinted trade news early in the session was swept sway as the effect of the exports began to be felt. Values turned upwards in the closing stages to close at virtually tho day's best levels. Some short cov- ering was apparent near the fin- lsh

Spreads improved in the cash- grsirls section, with most grades of wheat in demand. Coarse grains prices turned upward with wheat.

New York Curl:

(Canadian Press)

Stocks Close Amer Cyan B 23% Amer Gus Ell 38 Amer Sup l’n\\’

Assoc Gas Eire . . . ..

sm oll Ken . lln Light Pow A . . . . .. 2% U11 Light. Pow pill .. 21%

PRODUCE

(Canadian Press)

MONTREAL, Nov 15—'Strength was exhibited by butter prices on Montreal open produce market today while eggs were easier. Cheese was quiet and steady and potatoes held unchanged.

No 1 butter in cazlots or less was 26 to 26 1-4 cents per pound with lots to the retail trade selling at 27 cents for solids and 28 cents for prints.

Cheese held steady at 10 5-8 to 11 cents for no 1 Ontarlos and 8 3-4 to 10 1-4 cents for no 1 Que- bees.

Prices on the egg market declined with graded shipments in cal-lots or less selling at 42 cents a dorcn for A-large, 39 cents for A-iTIGtIlUTII 35 cent. for A-pullcts, 26 cents for B, and 24 cents for C.

Potatoes were unchanged at $1.30 to $1.35 for Prince Edward Island mountains and $1.25 to $1.30 for cobblers. per till-pound bag. In BO-pound bugs, Prince Ed- ward Island mountains were $1.20 to $1.25. cobblers $1.15 to $1.20. New Brunswick mountains $1.15 to $1.20, Quebec mountains $1.05 to $1.10 and Quebec white no 2 stock 85 to 85 cents.

Sud Mines ,

Miller Wins D eci sio n

TORONTO, Nov. 14—-Praddy Miller of New York, world's feath- erweight champion, won a 10- round decision over Roger Ber- nard, of Flint. Mich, in a. non- tltle bout hem last night. Both weighed in at 130 3-4 pounds.

The decision was unpopular with the fans who cheered the Flint boy as he forced the fight- ing moet of the way. The champ- ion, a southpaw, had trouble land- ing s. solid punch against his crouching. elusive opponent. Re- peatedly he resorted to an unper- cut attack, but Bernard had an effective defense and kept boring tn to hsrrass Miller.‘

In the ninth round the champ- ion gained an Mae that proud the margin of victory. He scored with several blows to the -head and body, but was unable to ad- minister the knockout» blow. _

After the fins voiced their dil- spm-ovil of the lirat exhibition round fought by Jos Louis. D0- 's great new llfllvfitllht. the brown bomber opened on his other three sparring , and smashed them about the ring. Paul Cavalier was the lucky first cooling in for the numslauns.

year old ‘ro- ronto gas station attendant, has been charged by police with murder of goth Taylor, who was brutally beatento death. O'Donnell ls shown above as he entered Miles osils following hi arrest. Ila was rc- mandod until Nov. 15.

3194816115. with Stanley Ketchel, ickes llcAvos and And: Wallm

EXCHANGE

(Canadian Press)

MONTREAL, Nov. Ill-British and foreign exchange in relation to the Canadian dollar as compiled by the Royal Bank of Canada closed today as follows:-

Argentins peso .2742-

Auatralia pound 3.8748.

China. Hong Kong dollars 3668.

Denmark krone ‘.2225. .

France franc .0888.

Germany reichsmark .4072. .

Great Britain pound 4.8781.

Holland florln .6872.

Hungary pengo 8005.

Italy lire .0821.

Japan yen .2905.

New -Zealsnd pound 4.0148.

Norway krone .2503.

South Af:'~.a pound 4.8535.

Spain peseta .1382. .

Sweden krone .2569.

Switzerland franc .3291.

United States dollar 1 5-32 per- cent premium.

NEW YORK, Nov. l5—Foreign ex- “llilfllfi stomlv. Grant llrltnln high ‘.02 : low mlvi- I'l“Nr‘ 4.02.34: m) day bills 4,01; France 055%: Italy 18 I1: Belgium 10 00; Germany 40.24: Canada D8 21-32.

Miscellaneous

(Canadian Press)

MONTREAL, Nov. 15—'I‘rading increased on the produce section of the Canadian Commodity Ex- change today and pricesclosed stronger. ‘

Butter spot: Sales 800 bones Que

(grass make) 25 7-8; 100 Que (June make), 25 5-8; 35o Que (June-July), 25 1-2; 300 Que (June make), 25 1-8; 200 West

(86), 24; 126 West (88), 34 l-4. 300 Que Oct make). 25 8-4; 170 Que (Sept make) 25 8-4. Que (82) 25 3-4-‘1-8; West (flegraded June) 25 3-4 to 26; West Oct make) 25 3-4 to 7-8. Cheese Spotr-No sales Ont white (Oct make) 10 1-2 to 3-4. 883s Spot-No sales; Ontario A- large 41 to 48, A-mediurn 38 in 41, A-pullets 34 to 3d, B large 27 to 27 1-2, B medium 25 1-2 to 26, C 24 to 24 1-2. MONTREAL, Nov 1b- Witeat, nor no 2 91- Eslsy, C W no 3 42. Oats feed no 1 34. Flour spring wheat firsts $5.60. Flour seconds $5.20. Flour bakers $5.10. moul- winter wheat choice $3.30. -' Flour white corn $5.00. Bran ton $18.25. ’ Shorts ton $20.25- Middlings ton $25.25. Rolled oats bag 90 lbs $3.05. l-Iay no 2 per ton carlots $10.00. Cheese no 1 Ont 10 5-8 to 11. Cheese no 1 Que 8 3-4 to 10 1-4. Butt/er no 1 25 to 28 1-4. Eggs in cartons A 1 large 53. Eggs A llmedium 51.

patents,

patents

Wa rns

Na ti on a QfCanacla ’sBanks

Bank Of Momeal Manager‘ Charges Insidious Motives Behindygvement.

(Canadian Press)

MONTREAL, Nov. 14—National- isstion of banks was described by Jackson Dodds in his presidential address to the Canadian Bankers‘ Alwfllll-lbll today as “perhaps the most insidious of the monetary nostrunls."

The real purpose behind the de- mand. for nationalisation, he told tho annual meeting, was to get control oftho millions of dollars placed in the banks of Canada. De- positors, however, would have "strong views on the subject."

Mr. Dodds, general manager of

Eggs A-l pullets 48.

Eggs A-lsrge. .

Eggs A-medium 4f

Eggs A-pullets 42-

Eggs B-large 33.

Eggs B medium 31.

Eggs C 28.

Potatoes P E I 80's $1.30 to $1.35

for mountains.

P E I cobblers 80's $1.25 to $1.80. P E I mm 80's $1.20 to $1.25.

P E I cobblers 80's $1.15 to $1.20. N. B. mts 80's $1.15 to $1.20. Que fnts 80's $1.05 to $1.10. Que white no 2 80's 85-85. Domestic apples not quoted.

Pres

l5-—“Gener- ally satisfactory" was file report on this week's operations by Can- ada's businessmen, it was indicat- ed today in the weekly trade re- port of the Canadian Credit Men's Trust Association. '

Wholesale and retail sales were maintained st a. level above that of this time last year, while msnu- facturing was “more than holding it.s own." said the report.

The Maritimes: Trade continues satisfactory, with collections fair. The lumbering industry, however, is almost at a standstill.

Currencies‘

(Canadian Press) NEW YORK, Nov. l5-—Mild ir- regularity devcloped in the foreign exchange markets today.

Tho Canadian dollar was quoted at a discount of 1 5-32 per cent as against 1 1-8 per cent yesterday. The pound sterling was up 3-8 at $4.82 1-4 while the French franc closing at 8.58 5-8 cents, showed a loss of .00 1-8 of a cent.

ELDON W. I.

The regular monthly meeting of the Eldon W. I. was held at the home of Mrs. E. I. Harrington on l. eedsy evening, Oct. 22nd, with r ident in the chair, meeting op- ened with the slnging of Ihstitutc Ode, following loll call responded to by thirteen members and one visi- tor. The minutes of previous meet- ing were peed and adopted. one pleasing feature of the September meeting was s very interesting talk on "Ethiopia" given by Miss Katie Mclhchcm which was thoroughly appreciated and enjoyed by all pilesentbut was inadvertently omit- ted in report by Secretary. Un- finished business included the Children's Kallowven Supper, this was arranged to be held on Nov 5th each ohild also to receive a scrib- bler and pencil as gift. Mrs. 'I‘. F. West was appointed to attend to same. Committees were heard from and one bill pferented for payment. Entertainment com. for Nov. Mrs. ll. Moor; and Mrs. M. l". McDon- ald. Tbers was no correspondence. Arrangements for next meeting at the home of Mrs. D. Bishop. roll call to be answered with payment cf-duea. Th. following program was

vsrv much enjoyed: loadings by

the Bank of Montreal, said the scheme for nationalizst’ was “largely based upon the specious theory that money deposited in the banks is public credit, created by the community at large, oln which the shiftless as well as the thrifty should be entitled to draw at will. "That is the veriest nonsense. Every sane-minded person realizes the credit dispensed by the banks is based upon the capital supplied by shareholders, their restricted note issues and their depositors‘ funds. Members of acommunlty have no right to bank credit mere- lY because they ape members oi that community. There can be no inherent right to bank credit, for the banks, necessarily pcnsibie to their own creditors. can lend flllly where they consider repay- ment is well assured. They must refuse to lend in all other cases."

. ‘ - AGE

Again st lization

who said such allegations usually were made in general terlns and when specific cases were demanded particulars generally were with- held under one pretext or another.

Assertions had been made re- garding restrictionoi note circu- lation, continued the president, but this too was in error. It was clear from comparison of available figures there had been no sub- stantial drop in note circulation. and even if there had, the banks would not be responsible, for it is to their interest to maintain their note circulation at: the maximum.

Introduction of this claim, he said, was to providg a basis for proposals to inflate paper note is- sues of Canada, which the banks resolutely oppose, though it. might well be argued they would gain by lt..

Under inflation, Mr. Dodds said, banks could repay deposits in de- preciated currency. Increased prices of securities and goods pledged

ins-sp-

to

Spiritual Offerings, Curls, etc , do word Other rsfos on spplloatlo Ilulll

There was no need, said Mr. Dodds, to review fully what he de- scribed as the dangers of political management of banking.

“The dispensation of loans upon the basis of political service ren- deled- e moduli operansl which would be unavoidable, savers too much of the ‘pork barrel’ . . . Under such control depositors could have no assurance their savings would be safeguarded. Indeed it is a qucstion 1f there would be any deilwltors . . . The recent declar- ation against bsnk nationalization by the American Federation of Labor is significant.

"The noxious theory of national. lzstion of banking is linked with the equally harmful one that banks create credit by the 'mere stroke of a pen. -

“The irrebuttable an to n11 this is that the bI-nilsswelpay t0 Blivlllsfl depositors annually n-lll.

To Lei TWOtrIlT-Afiilfii-N-I-Sifi rooms. Apply Box 181, Charlotte-

town. _ 11-2792-11-15-21 TO LET — ROOMS. I34 PRINCE Street. _ _i-_2>811-l 1-16-31.

TO LBf-STX BOOM HEATED

Apartment, 11 Grafton Street. L-2772-l1-15-3i.

Female Help Wantel_

WANTED IMMEDIATELY AN EX- perienced maid for general house- work. References required. Write P. O. Box 103. L 2804-11-16-2

Personal

P-IZIVATE HOME KINDERGAR- tens pay. We start you. The Can-

lions of dollars in interest in order to attract the wherewithal to make loans. 1f they could create cred“; out of nothing what enormous §L‘f.i§i‘.‘“...°.§‘.°’;h°°““ P“ c c»- dividends. . . J's prwmt modest

Chelsea that banks had restrict. ed credit were denied by Mr. Dodds

Delivers His Farewell S e r m o n

Rev. M. a. llrE/rlllan for the post four years, pastor o; the Prinoetown United Church, prggch- 8d his farewell sermon last Sunday. He referred to the kindly relations which existed throughout the mm. lstrv between himself and the

adisn Kindergarten Institute, Toronto <10.) Per-Sat-tf.

Boarders Wanted

BOARDERS 0B. ROOMERS-COM-

fortable, sunny rooms. Vicinity

Rochford Square. Phone 354-J. I..-2820-11-10-3i.

Miscellaneous’

THERE IS SOMETHING NEW

"Al MAL H‘ ' P C"! MNIUM

bhLR 1,10"

i :1: ;.:_"-._:7.:?;'.—_.—;::_;".i.ar-_:¢

against loans now insufficiently marglned would enable such bor- rowers to repay their loans. " "But in the end-and there al- ways is an end to inflation-there would be a day of reckoning when the banks and everyone else would be involved in loss. . . . It is sig- nificant that countries which" ex- perienced the worst suffering from post-war currency inflation are

now making s. valiant fight to maintain a gold standard. . . . "The banks are not alone ill

having kept their house in ‘order. The wheels of industry and pro- duction are beginning to move de- spite the inertia created by those who feel that governments should legislate prosperity. into being, by inventors of fantastic proposals and by destructive critics of sllc- cess, who decry constructive at- tempts to revive confidence.