' two cents a mile. The

Arlsib 21- 1939

‘THE ’ CHARLOTTETOWN ’GUARDlA_l§_

S T OCK Q U0 TA TIONS

r Morning Stock Letter

(Received over Pltflold and Co's Private wire)

NEW YORK. April 20—F'crelgn exchanges remain unchanged from the narrow fluctuations of last week. The Italian Ethiopian has for the time being over- shadowed the Rhineland situation, About the only unfavorable footer over the week end was the decis- ion cf the I. C. C. after the close Saturday denying the eastern road; request -for 18 months delay in reduction of passenger tales to decision

Currencies

April 2o—1=ollnd sterling and ‘the United States ‘.1 ‘lar weakened sharply to lead a decline on Montreal foreign‘ ex- cha.ugl°...s today. Sterling was off 3-4 cent at $4.00 5-10 and slipped 5- 32 cent to 15-32 premium. The Frenzh franc was .01 cent lower at 8.62 cents.

NEW YORK. April 20—The Canadian dollar gained 1-8 cent at 09 1-2 cent; on the foreign ex- change market today while the pound sterling advanced 1-8 cent at 04.94 1-8.

The French gold fra.nc finished at 0.50 1-8, down .00 1-4. --

uvrsrock

MON'I'R.EAL. April 20—Cattle division found little support in early dealings today on Montreal livestock markets while calf prices, influenced by heavy offerings, sank close to $1. sheen and hogs were about steady.

Receipts, cattle 1458; 1483; sheep 170; hogs 2083.

Butcher cows were sold at $2.50 to $4.25 with medium grade off about 50 cents. A few heifers were weighed in around $4.75 to $5.10 for good kinds and $4.50 to $4.75 for medium good. Steers of med- ium to medium good quality brought $4.75 to 85.25 and a few bulls ranged from $3 to $4.

Heaviest offering of calves this year had L1 adverse effect on prices. Medium good to good qual- ity veals traded at around $5.75. Bulk of calves were sold in mixed lots at 04 to $4.50. _Very common thin light calves sold down to $3.- 75 while I few grassers brought $3 to $8.75.

Spring lambs sold from 85 to $0 with one common light going at $2. Sheep were from $8.50 to $5.50 while buck lambs were from 35.50 to 86.50 per hlmdredweight.

Bacon hogs. fed and watered. sold at $0 with $1 premium on sel- ects. Butchers, heavies and lights were $8.50 and extra heavies $8.

MONTREAL.

calves,

was close and the railroads gm °XD°=i-Ed 10 appeal. I.n adltion to 5 WW?!’ l‘€i>0.t on steel operations, it is expected the automobile re. port will be favorable but whether the market will respond to 1:, is 5 question. However, the fact may 53'Wl’d8-if was the third uccesslve day of de:l.ne, the chance; would seem to favor a higher closing to. day or tomorrow. Consequently, if stocks are weak today, but we doubt that they will be, we would chance buylns market leaders. at least for a short term.

Miscellaneous

(Canadian —Press) MONTREAL. April 20—Prioes firmed slightly in light trading on

Canadian commodity exchange produce section. Butter spot-—Sales: 50 boxes

Que grass (buyers inspection), 21 7-3: 50 Que fresh (buyers inspect- ion), 21 3-8.

Cheese Spot—Ont make) 10 1-2a.

E808 Spot—Ollt A large 20 to 20 1-2; A medium 18 1-2 to 10; A pullets 17 1-2 to 18.

PRODUCE

(Canadian Press) MONTREAL, April 20—Potato prices swung five to 15 cents higher on Montreal open produce

col (Nov-

steady.

Potatoes: P E I mts 80's $1.75 to $1.”); cobblers 80's $1.70 to $1.75; N. B. mts 80’s $1.70 to $1.75; 105 22 to 23; Que mts 80's $1.55 to 81.80: No 2 whites 30‘; 81.45 to $1.50.

Graded egg shipments in car- lots or less were quoted at 20 to 20 1-2 cents a dozen for A large, 18 1-2 to 19 for A medium, 18 to 18 1-2 for B and 17 to 17 1-2 for C. Butter was generally 22 to 22 1-4 for_No 1 while lots to retailers were 3 for solids and 23 1-2 to 24 for prints.

cents per pound for no 1 Ontario colored, current. arrivals.

MOLASBES COOKIES

3 e885. 1 cup of molasses, 1 cup cooking sugar, 1 teaspoon soda, 1 teaspoon ginger.

stir up quite stir! and set over night. Roll out in the momlng and] bake. Don't grease the tin you bake the min. '

Saws were from $0 to $7.

”$X§fi$fiT3Efi?‘°’

Contrll Guardian locnll. do per word; Weltern and Eastern local-. Iv

Int word; Announcements and Coming Events to per word:

Clllaalflenl

is our word: In Ilernorlun Notion. 70¢ per Inch; Lilia of Floral and

Spiritual Olfarlnll. Cards. rte.. 44: on Inch; Notices of Thanks and Ivortl. Other rate: on nppll tin Ilnlmum Charge for any .--"7.

nume: letters of Cnnclnlrnra 704*

r Kpprcclutlon, 70:: per Inch or 41: per

n. lenient twenty-fin cams,

For Sale

FOR. SALE '—”' mums. me. 194 __Prince 8trcet.- L-3874-4-21-31.

FOR SALE — AUCTION '."0IL'I‘Y- Five, Bridge and Whist Score Cards. Guardian Central Job Prlntery. .

FOR. SAL!-.‘—Ii0RSI::s AT MORELL Hotel Stablm, Charlottetown. M.

Miscellaneous

crmms rwuam.-;o. MODERATE prices. Phone 1391. L-3806

WILL BUY MILLS SLOT MACE- ines. Please send serial Number and style. Toronto Coin Machines Agencies, 1 Sheppard St., Tor- onto. Ont. N-621-4-21-4i.

THE SUN LIFE HAS A NEW LOW premium policy which guaran-

W- W°°d- L'3733"'15'5l- tees even in the event of your = —— death ” the completion of the F03 SA‘I.IJ—CIIILD'S STEEL CRIB things you had planned to do.

in llollfect condition. Apply 46 Consult J. A. Moore, Currie

Bayficld st. L-3040 Building, Charlottetown.

Fun ,aAI.a; — isu.uAa‘r'sm-..;

Clydesdale st-a‘licn, 3 years old. __.H

Prize Wilmer at Cllarlottetawn. '

Ht-llfax and Amherst, Fairs. Wil- wB‘4§_1:'D "‘ "00’

liam Macisinley, Ncr.h River, L-3822-4-18-31.

Ill:/u": nurrr NEW iwanafi Traces. Complete per pair 3150. Clinton Morriscll, American New and used Rubber Belt Denier. Fredericton Station, P. E. 1.

- L—3872-4-21-01.

i:___._._;__.___

To Let

TO LET - LARGE ROOMS; 1“ PIIDCB SII&t. L133.“-C-31-3|. —~L”“"‘**

TO Ll’I'—|IOUSl ON KENT 8'l‘.: Ibo two garages. Apply 210 Kent street. L-3844

TO LET MAY 181'. HOUSE, EIGHT rooms and both. Apply E. 5. Mac- Beath. 200 Fitzroy at. 1.4848

y?m?fi::‘fil Draft Boat in good condition. Apply Fred Hlckox_ Clyde River. P. E. 1. «

L-3824-4-18-31. WANTED — A SMALL HEATED Apartment. write "3." care

_Guard.ian. / X-3832-4-18-5i. WANTED TO PURCHASE I-‘LAT top oiiice desk. Apply P. 0. box

352 giving particulars. 3858-4-20-31

Position Wanted

EXPERIENCED CREDIT MAN. Bank training. executive and salesman ability, desires employ- ment with reliable firm. Good references. Box 401 Guardian.

N-614-4-20-41.

markets today as supplle; con- _ tinued to diminish. Eggs firmed slightly while other lines held

Cheese was quiet at 10 1-4 to 1-2 ,

N. 1’. Stock Exchange

‘(supplied by I-ltmlu -no co. Mrmlm-Ia M Ilnntrval -fnrlr ax- changs and Curb liar-hell

Btoclu Oven but

. Air Red

Al Chem Call For Pr Lou-o liud Iflil T91 and Water Anaconda

Tel

Bet ‘t Briggs .\Isn Can Puc liv Case

Circa Ohio C ysll-1' l.‘oIn >'(lI (‘our xiv. (.'0Il (ills Co (‘on (Jun Corn Pro Cur \Vl'lght Deere

Dullont

Elec Auto Life Firestone

Gen Eloc

Gen Foods

Goodyear Tire Hllil .\lut Cur Ill (‘Ml

Mont \\'nrd .\lurruy Co Nail Illa Nut N(‘\\' Nor Nnr l'u(; .\|uf l'ur:llunllut

I'cnu It If

l‘l'I|l Pvt

I'ulI Scr (fin

l'urc (ill ('0 Radio ('orp

Rents line Co h'hell I'nion Oil Co

(‘mill flog York N H .\m (‘o I':ll-

South l'uc Std Oll lll(l Std (ill N J .\‘ill(lclv:lkcl Co Tor iorp lfuiicll Air '('rlli(~Il (‘urn

II S liutubt-r If S Steel Co 11 S St Corp Vmlnilillm \\':lrm-r Bros \\'¢-st [.'uion

\\'ool\\'ori ll

Produce

(Canadian Press) lV11ON'l‘R.EAL, April 20- Wheat, nor no 2 00 1-2. Barley C W no 3 48 1-2. Oats C W no 3 38.

Oats, feed no 1 35.

Prices

Flour, spring wheat patents. firsts $5.50.

Flour seconds $5.10.

Flour bakers $5.00.

Flour winter wheat patents,

choice $3.80 to $3.00.

Flour white corn $4.30 to $4.40. Bran ton $20.25.

Shorts ton $21.25.

Middlings ton $20.25.

Rolled oats bag 90 lbs $2.75. Hay no 2 per ton carlots $9.00. Cheese no 1 Ont col 10 1-4 to

1-2.

Butter no 1 22 to 22 1-4.

Eggs in cartons A large 23. Eggs A medium 22.

Eggs B 21.

Eggs A pullets 20.

Potatoes P E I mts 80's $1.75 to

31.80.

P E I cobblers 80's $1.70 to $1.75. N. B. mts 80‘s $1.70 to $1.75. Que mt; 805 $1.55 to $1.60.

Que no 2 80's $1.45 to $1.50.

N. B. mts 105 22-23.

EXCHANGE

(Canadian Press)

MONTREAL, April 20-—Brltish and foreign exchange in relation to the Canadian dollar as compil- ed by the Royal Bank of Canada closed today as follows:- Argentine peso .2770. Australia pound 3.0681. Austria schilling .1800. Belgium belga .1701. Brazil mllrels .0588. Bulgaria lev .0130. Denmatk krone .2218. France franc .0062. Germany reichsmark Great Britain pound Holland flsrin .0833. Hungary pengu .2981. India rupee .3757. Italy lira .0793. New Zealand pound 4.0061. frorway krone .2407. Poland zlotl .1808. South Africa pound 4.9420. Spain peseta .1374. Sweden krone .2502. Switzerland franc .3270. United States dollar 15-32 per cent premium.

NEW YORK. April 20—1"orelgn excha lgr. irregular. Great Britain

.4045. 4.9631.

0

‘I'D LIT-0 IOOMID COTTAGE. furnished or unfurnished. Write A.B.C.. care of Guardian. I.-ase'I

3001!. ortourm noon. rar- vote entrance, central with meals.

Ag Guardian. L-3018-4-21-2|. 1,553

To an ._ nous: AND nan. ~App1y no Grafton ‘Street. L-3014-4-21-3|.

Io E ...: 5Nl’L‘ABGl:,“lt0O-M sultsbfe for light house ke9i>1!Il- Hrply 925 Fitzroy street.

L-"87!-4-21-ll.

IIOIIII 1'0 lull‘-all PDWNAL 8!‘.

Work Wanted

lrxrnrsncxo nsnarsn cou- ple wants work. Apply to Guard- in. L-8823-4-18-31.

IXPIIIIINCED MAN. smoui. , wants work on fox ranch. Apply ' 283 Boston at. L-3884

Female Help Wanted ._-.._..___,_f .... __ , =._,, WAN‘I‘lD—llx.PlIIlNCl:D ' rum.

Apply Box 50. Preach River. 1.-ms-4.21-al.

w A N -r I n .. IXPIIIIINCII)

-All-modern’ convaulmeu. muon- '*b1o rent. Apply ton Pownrl at. - . L-80't'l-4-21-4l.

hoiilekoeper. Write R. Inlfl. Port 1101 or phone 73 Char storm.

L-3579-4-ll-3I.lIlldIldy made me do bothl

‘ high 4.04 1-4; low 4.04:

clole 4.04 1-8; 00 day bills 4.03: France 0.50 1-8; Italy 7.02; Bel- gium 10.02; Germany 40.25; Can-

ads 0‘: 1-2.

Closing exchange rates:-

At ‘ ‘ l—Pcund 4.06 5-10; '0‘. 5. dollar 1.00 15-32; from: 0.52.

At New Yo:-k—Pouud 4.04 1-8: Canadian dollar 00 1-2; franc 5.50 1-8.

At Paris—Pound 74.08 fr; Can- adian d('.!‘ar 15.10 ft: U. 5. dollar 15.17 1-4 11'. "

In go1d—-Pound 12s; U. 8. dollar 50.41 cents: Canadian dollar 50.07 cents.

Land!4dy—-You'll have your bill or leave. Lodger-—'I‘hanke. awfully. My last

to pay

MINING

(Canadian Press)

TORONTO. April 2o—Deprumi by selling sentiment on the indus- trial markets and a curtailment of the buying urge, mining stocks worked lower today following a fair display of stability in the opening stage.

At the close the gold share in- dex dropped .1.46 to 120.20 and the miscellaneous mines index two points to 134.01. Volume reached 1.3’l89.000 shares.

Dome was one of the early ris- ers and it sold at 47 1-2 in light trading. The close at 47 involved a gain of 1 1-4. Lake Shore and I-Iollinger registered minimum gains while Mclntyre declined 1-2 and Wright Hargreaves dropped 25 cents.

Further losses were registered for the base metal stocks. Noranda drifted back to 53 1-4, down 1 1-2, Falconbridge lost 30 cents, Bud- bury Basin 10, Ventures '1. White- Amulet 2 and Sherritt 4.

TORONTO, April 20-

Stocks

Acme Oil Afton Alex Algolna Auglo Arutfleld Ashley Astoria Argosy liugnlllno Barry K Buss: Met Bear Beaitle

Ilullk Hill ('01 Ellm (‘nl Oil (‘an Mfit (‘antic T (‘on I'M ('h1‘III Rel ffhiboug (‘icricy (foniagns (fonlaruln Dome I-lldorsdo 1-‘ Bridge Fed Kirk Frullkllu (lode Lake Goldalo Goodflsh Gmllaln Grnnutln Gmlrrinro ill-cone (iunllnr Ilnlcruw IIll|'ll Rock llnrkcr llnllillger Homestead .. Ho\w_v IIIIII L Kirk Lake Lake Sh Illfll i'out Iiebcl

Lee G L'ttlc In L Varussu .\flln I-lust “up 1. .\l(-lulyre .\l('l\’ollzle .\l('.\lllnu .\l(‘Vl1ilr.- M:-\\‘.-liters .\liu (‘urn Mllltu .\Iur:-‘ll .\lurl'.v 3\'(-\\'l..x- Noralllln Nor (':ln (\‘Brlcn Ulglr Oil Omega l'ullmur l‘l1.Vul:lstcr Pnrrnll

I'M U Pick (‘ro l'ioll-31-r Prculicr I'rcai(In Que Min If:-.1(l Auih _ Ilml l..1ko ltorllc ltcno Gold Iloynlltn .\':lu Ant .\'ll(-op (fr .‘€llr-l~riit. .\‘s(*uc

e.3;‘:Zi-.=§‘$.,L’::'.3l38= «~‘—< e<:<ee~ 2-

Txlshota 'I'(u'k II 'I‘n-xua 22.’: ’i‘olnlrIl 'l‘owni1'mnc V:-niures \\':iltr- Anlu \\'n,vl(l(lo While I-‘Jog Wllfscy C

\\ rlgllt II Total sales 1,278,000.

IINLIBTEI)

Alderrnac Brett Tr 4% Con Man Church I-I

’l‘(~nl|ska L‘

Markets At A Glance

(Canadian Pres!)

Toronto and Montreal—lndus- trial stocks lower.

Toronto Mlnes—Lower.

New York—-stocks closed lower.

winnipeg—Wheut down 5-0 to 1 3-8 cents. '

“:w‘ York—Cotton lower: higher.

sugar

Mt '1. ‘ S to ck Exchange

(Supplied by Pltfleld and Com- pany members of Montreal olu-Ir -xehanxo Iud orb minke!)

Itoelia Opll Lu! Bathumt. 12% 12% Abitibl ‘

Bell Tel 145 14455 Brulllan 121,‘ 12 Brew Corp Can 2 3 if C l'ow A 80 30 (‘an Nor Pr 24 24 (‘an Unr I~‘oan(l 6% 054 Can Cement 7% 71/. Can Ind Al 87’. 8% Can Pac 12 12* Cons Smelt 27‘ 270 Dllt Seag 22 22 Iron) Bridge 37% 37 Dam Steel 5% 51/; Dom Tax 73 72 Imp To!) 137/. 13%. Int Nickel -lS',fi 47% Money Bar 555 57,5 lfccoll Front 1'! 11 Mon: Pow 321,4 82 Nat: Brew 43 43 Pow Corp 14% 14 Shawinlgan 21% mag Sou Cnn Pow 14 131,5, St of Can 00

BANKS Bk of Can so I :1; of Comm ‘A “A o .\Itl 1

as of r. s 86 1“ Royal Bk 171 170

Mn. CURB

(Supplied by l’IttleId and Com. pany member: of Montreal and exchange and curb market)

'"°‘-"" ‘luau Last 13 A on 24.

your Store: A “K

ord A 23 -.

Imp ()ll 23:: Inter Pole 31% 311,./, llelchers ‘J‘,fi 9:5

\\':llk(~r Good

New York Curb

(§uIl'IIIled by Plfllelcl and Com- lmny lI10_InlI'A of Montreal aim-Ir exchtlilzo Ind Curb Market)

ltoclra

Open

Close

Amer Gas Elcc Atlas Corp (‘It Harv

Warggituolion Turn Trend Of N.Y. Mart

By Frank lVIacMilIen,

Associated Press Financial Writer (By Guardian’: Special Wire)

NEW YORK, April 20. — Stocks ran for cover in tcday's market, leaving casualties of fractions to 3 points. generally, and Mar so in scattered instances.

The break was the most severe in about six weeks. it came in the face of another upturn in steel mill operations to the highest level since 1030. other good industrial news was also ignored.

‘Brokers attributed the relapse partly to a renewal of European war tension, with Mussolini demanding virtually all of Ethiopia as a peace settlement, and Great Britain threatening to go it alone if the league of Nations does not act to curb Italy.

The Associated Press average of 00 issues was ofl 1.4 points. the most sizable day's drop for this index since March 12. The industrial composite lost 1.0 points, that for the rails yielded 1.2 and the utilities gave up .8 of a point. ‘Transfers totalled 1.771.140 shares.

The breadth of the reversal was indicated by the fact that out of 882 stocks traded there were 632 de- clines against 05 advances, with 105 issues ending unchanged.

Du Pont stiffened on an improved first uarter earnings statement, but fell back later to close off 2% points at 1429;. Several ended with a frac- tional gain at 19% following a boost in the dividend rate.

Principal losers included Allied Chemical. off 8% at 188; Columbian carbon. of! '7 at 120; International Harvester, off 5% at 80%: Case, off 31.4 at 150‘/;: Chrysler, off 236. at 08%: General Motors. off 1'6 at 66%: Santa Fe, off 2 at '17: Ameri- can Telephone. cfl 21,5 at 10274: American smelting. off an at 75%: Deere. off 4 at 78‘/A and U. 8. Steel. off 1% at 07%.

Dome Mines and Lakeshore show- ed the only galns in the Canadian list, being ahead fractionally. In- ternational Nickel at 47% was off a full point, heading Canadian stocks on the d lde. Elsewhere in the list fractiona lossm predominated with a few stocks unchanged.

WOMAN NOW MAKING CHINA Alli-MINDID

.(By The Canadian Press)

NANKING, April 20-—Active head of China's military air bureau is a Weilesley College graduate, Soong Mei-Linc. better known to the world as the wife of Generalissimo Chisng Kai-Shelf. premier and vlrtull dic- tator of China. I

As directator oi the bureau Mme.

Chiang Kai-Black is directly re-‘

sponaible for building an air force worthy of the name. purchasing alr- pianes and fighting equipment. m-wine out and constructing a lyltem of military air field: and

directing the propaganda which

seeks to make every good Chinese citilen airwlinded.

She has flown from one end of the country to the other transact- ing political business for her hus- band. when he has been occupied In the interior fighting communist- bandita. she has kept an eye on at-

Illtl of stats It the capital.

- LIVE STOCK RAISING -

JOHN $11.: "Well, son, I'm glad you are

doing so well with the outfit

through my old experiences of hard but satisfying work. We are happy now to rest."

JOHN _]lL: "You deserve

your years of hard work and I realize I owe all this opportunity to you and mother.

I have often heard you say she -was with the poultry a of the business."

. You are going

to rest after all

how successful nd drirying end

_]01lN SR.: "Thank you, son, but wevdon'r

deserve all the credit. In 1900 when we had only a homestead and preemptiomwirh shack

and burn, and had to haul

and drive 20 miles to market, the Bank of Montreal mad: me the seasonal ‘loans I needed to carry on. In five years we had

clear title to the 320 acres

ranchers: Business water five miles documents; loans

and three years

later owned 640, with good building: Ind equipment. The bank kept on lending for harvesting and feeding, because I carried out my contracts and kept my credit good. You remember, son, we sold out in 1919 for- cash, and were able to retire. You were lucky to rent the old place, for it’: a good one."

JOHN _]k.: "I am lucky, father, and I am try. ing to live up so your reputation."

Some of the Bank's services to farmers and

chequing accounts; sav-

ings accounts; safekeeping of securities and

for seeding, harvesting,

equipment, feeding, purchasing feeders, etc.; money orders; financing shipments; advice on credits; banking by mail.

BANK OF ,MONT,REAL

ESTABLISHED 1817 ' HEAD OFFICE.‘ MONTREAL

Charlottetown Branch: A. I. B. BELCHER, Manager

MODERN. EFFICIENT BANKING SERVICE THE OUTCOME 0! III YlARS' SUCCESSFUL OPERATION

N .Y. Trend

MONTREAL, April 20. — Traders with an eye on Wall Street where liquidation depressed prices as much as elgllt points unloaded holdings on Montreal Stock Exchange late today.

Losses of a point or more pre- dominated at the close with yieldlrg tendencies exhibited by metals, li- quors, papers and constructions. Banks were quiet and steady. .

Utilities made a half-hearted at- tempt to get back on their feet, but Montreal Power, Shawinigan and Power Corporation finished slightly lower. Canada Northern and Bl-az- ilian were even. -

Metals were to the fore of the reverse action with nickel and Nor- anda of! about iii points each at 47!.’ and 53 respectively. Smclters firmed a couple of points on odd lots. but finished unchanged.

Shades of Canada Steamshlps were week from the start following announcement by the bondholders’ protective committee of a general plan of reorganization which has not yet been approved by the board of directors. The preferred stock dropped more than a point and the common 25 cents.

Selling of beer stock broke into in the session and National Brow- eries and Associated Breweries showed losses of a point or so each. Canadian Industrial Alcohol “A" eased a little, but the "13" issue was up Ii.

Sales 16.503 shares: bonds $1.450.

Market Poultry Without Spurs

Of recent years a more determin- ed effort than ever beforchas been made by Canadian marketing ngen- cles to supply quality poultry to the British market. As success or fail- ure in this market depends to a very large extent upon the quality sent