.Y.'.‘

STERDA Y

was criARwrrs-rowu surname

'5 STOCK land BOND 500721

-> v Markets At A N Y St k J o o ‘ ' an“ A Ex h , .. w .,____, c ange _ , Toronto sud Montreal-Industrial , stocks irregularly olwer. ——— ‘ . Toronto 1M1’ trendy. ) asignggkwltitévr-kts uelcsidthl her. (quotation furnhhsd by Johnstos New York-Cotton’ undo rubber “if”! wuduckmemh." ‘i ‘h. “w” ' Zi§=§§ir°°m° ‘°“'°"‘ m“ ‘"" Curb gfsrkct .n"n12f.‘?....§'%“n"s7‘n 1 ' Charlottetown). _..,-._.. - . 0. P. I! Guardian's Special Wire) M‘ , i . m. a; ‘Lilrltuitiia- JIoCGUGIIGOIIS mu of Pfiffimd l ° °W “- -' emu Opollnd 14st the ‘bfflld I519! displayed by the (Canadian Press) p iuthc wt i" We" "W5" MONTREAL, F_eb. 21- them to show s. sburphreverszlodin gals-Lt rtgr-“uon: 3500.0 the Montreu stock B“ an“ y Outs i: W no 25 ii. . u u voimne continued light. The - 0M‘ c w M a m 11-; preferred shares led u “W01 4°‘ 0m feed no 1 44. . clino which many "Falgur spring wbcst patents firsts 2 cases to more . ' 0 12% Despltfl 1ml"°V°‘ >°°m°nti°n 5:33: beuclgexi-fisiriii)?’ 34% eurninlfl and dividend “nous an‘ Flour winter wheat patents choice 1g nouuced, traders failed to reactktt: sihifluto Jalggtcoru w so m m o0 A m optimistic reports and the mar e "warm" u“ 25 to -_u 26 - Ahnond, Co, 9 m ed no mclinatiou to lift out 0i ., ,. .' Atchison .. 41st, 0W l Shorts ton 3.1 2o to u; as. 21 the slump 111110 Whlflh 1i h" 591911 Mlddliugs tun s29 2a u. m 2s. 1 01"“! ‘h’ w‘ w“ , ,, ‘.§‘Z.‘“‘3..°‘-1“...‘i'.‘..?°.2?.1.,i” $3." so o m°'°”“ °z ‘he “m”! avid“ Cbeycso no 1 Ont mu 11 to 11y; ‘l r559 39m $1 to “'20 by Guild. Cheese summer 125/, to 1,5. Pu*:.°"a"%:~"¥."":.:z::; w *1 n: .. .. oi mam; a, v en “ggs co ons ar . m on the preferred stock effected heavy 15$?’ i 1 glxxleitlfagf- 11% buying of the issue, which rose I p“. .4 largo a1 1w. (n11 points to 20. Montreal Tram- u“, A mgdlum 34, ways. an infrequent trader, jumped Eras. Ills pglrllirgllziiii- M l s points at no and Winnipeg Elect- Egg. B med,“ 24> 2,12 ric was 26 cents higher at 1.76 but m“, C 2,, 1 lhe Temlmder of “W "st W35 10W“: Potatoes Que no 2 whites 50156. ‘a? 5m“ “l” “mum 12363 “hm-w m1’: “rfelrfiirgkcio 11/3254.“ s 50nd‘ 3473M r» u 1 n- mts no-os. ' 41 now roux. Feb, 27-inch! of 1s 3° - staple commodity prices (Dec. 81, 75 M Ql $31 equals 100; 1020 average equals 43 t 'r n", 15s o prev day we o. 2° . Vfeek ago 4 foal? Iago i138: ‘gag . ow . Exchange 555E 122°? 1:221 i” It (Copyr ght 1033 by Moody's). .___._._..____.. . 120 (q tuilous furnished by IlIflllv-On F's’ 24 sud ‘and members of the. Baum: I of, 1a: . . .. :"§°"rs:“§'i‘§r.'$»:|°§'fl§1i ‘zlilruriotto- . First Natl Stores 40% JQHJ = Freeport Tex ... ... 21% 211,5 .____- (Johnsbou and ‘yard: (loo Asphalt ... 14% 1d ' k , Pllfi 5",,“ Opened M“ ' ’ p . 5g 324?“ Bsthlmt A m ‘ Assoc Brru- , my. sou ~ any Bconhnrums . .. lil/ 1t) .,‘- “ llrew Corp Pfd ... .... 17 g 1;. Brew Corp Cou: .. ma» g1 _"= urn ‘an? on 3 19% 6g: Pip"... ... .. m u?‘ ll ,3“- 23 8 47% . 6 Can 1nd s: s my, Csu lad Al u 1-,, . m, Con North Pow ... ... _ 05 W" P" '-- ' n55 'i‘eck Hughes 400 Loews Incorp .. 34 Cor $1M“ - l’. Wniken Good .. 10% 201/. Loose Wiles Bis s4 Dryden Paper -'~- "- Walker Good Pm . 119g 115g McKecspoi-t, Tin m D9"! “will” ~~ -- “V! Walker Brcw B50 850 Mack Truck 24% Dom (foal Pfd .. ..... 13S wnght Bu"; 915 M“), “n” 27 Dom Glass Uoru .. 1i - 5n" Km 3% 8on1 steel], goal ll . ‘ _ gm" p" 1 ‘e1 ‘to: ‘arcs . » M t W _ u-fn- a,‘ (Yurrenczes ~23. n55“. it‘ Wood hirk . 8% atl Bis .. 27 “than? m‘ 0% . Natl Dairy Prod 11w, "an "giil ‘mm!- \ 1m \ riuw 16ft“? ‘T? "Pr? c odisn r1323 gzivgeuxdlht ' 5% : -~ ', ~‘e_‘.:-— e au . . fiiyfigelrf" " doiisr wont to s small discount in N9" Y"! C"! - 0% _ , ‘ _,,. lots dealings in tbo foreign axchsngo North Amer . 11% Mk” "I “M” 1",! markets today. The fiuni qnotsqon ""111 PM! -- --- 1 18 §1I“ZF°IY£}“"‘13 -" ‘y I?" was 1-32 percent discount, which 4 Mgnglvoilln‘ 1'4] w compared with par at tbs cioso yester- mm Bu" ‘ in “no sterling ruto was lower the m" SW91 C" - ‘i "ii pound closing at b48615 for a lo'su of ‘Mm: PM“ m l" a" of a cent Th French f was “h If? C"? - V 15M .0055 of a cent biegher st ildznzents. hoflfhllvtiail: P5; n“ lliltfhflllifihllndidcb. 21-12:» “pound - ser n s we - Steel Co Csu Com .. 6 445$ Month?“ ggnmn- §§¢',§,‘,’,'.',,,,°‘ 2,52‘; Simmons Co .. BANK’ gage this llrrenhcbdfrsno and tho United gilctlllilypvilfl - | .ou uc Commerce ... Yclilgdlg-‘fl-‘h: Doilnnlixcltfztrt“; is)“: Sleuth Ru;i . . ... lggiialrcéicl 6.. ... . as; cent I480 8-10 whllo the franc cou-' 5mm‘ m-“lilill --~ l o a .. . - s‘. , Royal no mo“ §'1‘,"z°'§.¢‘§..§'.'°§..°r’¢'§.'¢'|§‘i..§§?§..§‘°"" l‘ m“ c" a

Central Bssrdluu locals. do pos per worrl- Announcements and

Io per swords In Ionroriarn Noll lplrltull Offerings, Bards, ate , do

Der Inch: Notices sf Thanks and, lgr-solutol. 10s

word Other rules on application

BlTIX-Re oer word, three laser

tious for tho prioo Duyubls In advusou.

For Sale osauaosuo entrants son

lining authorises. etc.. 1t‘ per sheet. Guardian Office. tf.

Fort ssu: - oo-Biwr. APFL!

Guardian. 14-4927-2-28-31.

OI two, strictly

For; same-rump m EXCEL- lent condition. Apply Guardian. L-4843-2-26-3'

FOR SALE -- EXPEESS WAGON or‘ exchange for horse. Apply l2 Park Street, City. L-4901-2-21-3i.

lsorsnam nolsmm nun. s "In old. Apply Willis Bros, Kingston. L-4891-2-2l-Si.

F0! IALI! -_BOYAL TYPE- vrrlter in excelieu condition. Ap- bly Guardian 0i! .

- L-MW-i-Tl-Si.

'9‘ lALI — AUCTION FOIITY- ‘IN. lfldlt and Whist Scorn Ourds. Guardian Central Join P11110017. NOV. l-fl

OAPLIN AND DI! OODFISII l0!!- sule st reusonsbiei ce. Apply Paul Gallant st t entrance of Pisb Market every Market day.

. \ L-4I0l-2-27-8i.

l- a non halos as feet ions. muss stswsrt B hwse mains, s nets, quan- fll! of trawl and uss floats.

00.00. one hundred and

r t

Guardian. ilr-GUU-i-Qlel-l-Ji. n no so! an.

Advertising Rates-Payable In Advance

Iinlnruns Uhurge for uny adverllscgopt gqgmrgt" ....“

Iuslsrl Issuers of Conduit-nee ‘l0:- pov or us. pd

Female Help Wanted

WANTED — cAPABLE RELIABLE maid. Good plain cook, Referenc- es, no other need apply. W!" Carleton. L-llll-Z-B-QB-SS.

WANTED-GIRL FOR GENERAL housework, one who will sleep home. Must do plain cooking. Apply Mrs. Alex Scott, 18 Eustcu.

L497’!

Work Wanted

GIRL WANTS. BOUSEWOBK. AP- piy Guardian. L-4006-2-27-8i

EXPERIENCED COUNTRY GILL ‘ wants work so Msld in City. Ref- erences. Apply Guardian.

YOUNG MAN WISHES T0 LEARN Butter Making, three years ex- perience at cheese m . Good reference. Work most reasonable. write R. If. cure of Guardian.

L-QN-i-fl-si.

To Let

rou sour-arduous now oc-

cupied by the Bun Life of situated in Commerce _ 1st. MP1! on possum. / a a-aa-a-z-at

Miscellaneous

‘IIAHIBS - I‘!!! Bblp your films Row to u manufset . prices. we buy the Mmk. Muskrat.

w"

irnesuuaomonnseress.

T0 LET-NO. 11 (HIBTNUT ll‘. . Phone 408. L-MB-tf A

Ounsdu gmounauim Bank of a . Possession April. a

Warner Bros‘ Co Warren Bros

Worth Pump Yellow Truck

MINING

(Canadian Press)

TORONTO. Feb. ‘ll-Traders were inclined to drop the penu shares and swing into the gold ro uccrs in to- day's operations on bo mining sec tlou of the Toronto exchange. nmo expanded in tho yellow metal group and the index for 20 golds was boosted from 11d 0'! to 110 01. Wrgbt Hargreaves, Luke Shore and Holiuger- particularly were iu de- mand and these closed 20 to 30 cents higher each Tcck Hughes, Braiorne sad Dome recorded minor losses. Followiu su indifferent display sr- ound ml -day the list firmed and the close wss strong.

Isiconbridge continued u favorite iu the base metal group. volume {u- crsusing on u net price gsiu of l0 cunts to 3 D0 Norsuds had a loss of so cents on smsll turnover sud Sher-

lost ground lost of tbs silver sbsres

did not lug.

The ol shsrs ursrkst continued sluggish.

T RONTO, l‘eb. 21- lfseks Close Acme Oll ... ... ... ... ... ... 2f.

Foxes 85s. Prlac list. ‘regs. ‘lbdd rpors on. M B" or "Twuh. #1 ' ouisgss Ill M.“ fionlurnm 285 u szso ...; If.) rare squad has been v 1D lhc tide here. Md M. In”

u. "r ssu s.» n.-

were sold ut. as

Iy Johnston sud Ward's lpsohl _ Wlrs) g

‘DINING IAIII‘! IIITII

NEW YORK, N. Y, Iob. lT-Tha msrkot vvus firm in tbs ssrly dosi- iuss yesterday, but us weakness in the Bails developed ab; ".1 m". ket softened. The selling To» Bulls lpvlrsatly {s due to the prospect for hgher costs sud u luck of plcknpln "l! M"! lndulries, and ss we mou- ‘oned before possihiiibtcy

lnsy - to lend the wsukor roads money wit which to psy fixed charges Considering the weakness in the Rails. the bslsace of the murkst set- ed well, For! i'kely oubt if a substantial brouk dovvu out on the tradin ares of tbs past several weeks fa the Industrial group’ is so immsdiutg proppoot, hsidlow sud Company.

BUIIMAI!

NEW YORK. N. Y" Feb. TI-Gold 11550. s new

steal operations receded two points percent of. capacity.

m.” . . m ton st Clficugo to $1050 go

1. R di C _ d you: 1384 $13 I-rlgflflegifi: 3,2038“:

h d n :1 lllcolirloéalgfls ‘union-stock, against

N Y Csntrul January net o ersting ii‘..°.fii.'ttl‘i‘r‘°“ who - i..§°'i‘.’.‘.'..’.l.?“s'4' 31?. 12113:.‘ $3353" 200 in January 1004 ' "

clifysisr Corp sud subs yesr 1934 net profit equal to $2 10 s share sg. ninst $2 7B s share in previous your. Declares regular quarterly dividend Ofliiancoiggs ouucoéumon. a

o s unv o or an unbs year 19M not rofit 0140.803 specm reserve o $400,000 equal to 00 cents a common share against net profit $106,881 or $1 40 u shore on 7 percent pfd in revions yesr.

Presl ant Palmer of N Y., New Ilsvon sud Hartford R It. in response to s query stated that we are not contemplating any rear snisuti ut

s time concerning nterost p". meats, Mr, Palmer said with lm rove- meut lu cssb, thorn is no doub con- gegnillugngaasyuurleylaglaf interest on March,

Bills lbw Inst 0f! 30 Ind 10B 601020810224 0g 20 Rails .. 81.40 2007 80.14 1 20 Utll 16.16 16.70 1588 40 Bonds 00 48

Dow Jones.

to 48 Heavy cents s

ILA!!!

t

Aichisoxr January-net operating de- ficit $101,415 agsiastaot operating in- come $117,755 in Jan. 1084. Dow Jones.

DAMON SAYS

bar irre rit to develop, but fir?" lure: the!

cosszr

strengthened its position. Purchases st tbs market. should be profitable. On a dip of about 2 points I suggest ‘on also ‘iVck n Loews and Budio fd "B", ith e oxcuptlon of Bli- coo sad u few secondary issues, tho olds fluctuated in s narrow run e. srkst action of the ‘golds remuns bullish and purchases recommended are still Justifted. Bsnon.

BABIKG LETTER Tuslday Evening

NEW YORK, N. 1., Feb, 20—Tbe Rails wore quite weak, but Utilities and lndustrluls fairly steady. Indus- trlsl svalugel which were low yester- day st 102 38 went only slightly lower today to 1.0214. As state , I think

r low oint vvfll be srouud 101 s sustained advance should start.

The Bails were quite weak. A few of them making new lows for the de- pression perio , while others sp- prosebed their 1033 lows This, of course, is no uld to general business or employment, However, the picture could change ver quickly if some- thlug really beip ul is done in Wash- ington soon

Phillip Morris closed higher It is cheap st 88 General Electric closed higher and while it could got to 22 in its finui d’ . would buy some there Agnertcsn borcign Power ‘I percent

p u around l9 Fairbanks Morse reacted to 20%‘ vrbero those who bought it st 18 stil have u profit Those who bought it at 22 will also have a profit though it could go below 20. Radio B pfd can bs bought near 40, Ceiunesa around

Croulay at 13, Howe Sound 43. United Aircraft If. Wssttngbcuso 80 and Union Carbide 4o.

Baring

BARON’! “NOON LETTER"

MONTREAL, Qua, Feb. 27—Thls morning's sell off bus not brought out any selling in unntityl Any fur- thcr weakness whic may develop should meet support within two points in the averages. strong uptreod in the pr;ce of in Lindon mlsos tho question of bow long the United States. Greet Britain and the Gold Biocmun bold out ugsinst further currency in-

flu on.

Shawl Wutersnnl .ng Bhsvflnigau Water sud Power is calling for redemption all its out- stund ug five year six percent secured notes st pan and 1 or cent premium. Cauudu Northern owar reports net earnings for January ut $232,700 ag- ulnst $240,700 for Jun. 1034. Annual dividend rate increased from $1 to $1 $3 per uunnm.

Vlsu Biscuit reports opersttng pro- fit of gahfi for 1084 lguinst. $50,-

Gross railroad revenues for Jun. 1035 were about 1.‘! percent above

I18 .51 4x1 in

1034. .

The lmprovemen iu general busi- neos 1034 resulted in iacreusedsalss and fewer lesso otsIICSIIBIiOII for Int'i Business Machines Corp, Earnings are to equal about $0 till a cap- ttsl shure for 1034. Further improve- ment is anticipated in 1085

January Cbuin Store sales best in 4 years in United States.

Stocks, sccordin to tho Brookmlre Quarterly, are due in 1935 to enter

MONTREAL, out... no. 27—Ra!ll-_

upon a rapidly advancing phase in to tho ‘ of ‘

roads dipped sharply . u- dustriols wero weak, but Utilities managed to resist. general weakness.

Thus for the lndustriuis have fsllad to confirm the bearish action of the Rails and it is uovr becomln prob- able that the market is rs i iy up- proschlng an oversold cond tlon. Cons. us of N Y continues to show

remarkable buying support. The , liquidation which this issue exper- ienced during recent mouths has

bustuess and excess bank reserves. Experience suggests that in spite of the uncertainties and international monetary difficulties, with their- pos- sible temporary retarding effects, the time is nesr to expect a brosd up- ward movement such su marked the ex;ts from the major depressions of the past-“s movement cuiminstlug in u veritable boom,"

Bsnon.

llruuada . ..

Greene . (lrull Gunnar llulcrow .

Olga Oil Paymaukcr ...

=r"§i"a:=§“°’

.-sn-S§a>

iitcbis- . lo Keoru

ii

‘ (Cauudlus Irons) HONTRIIAL, Feb. ' QF-Offsrings on livestock markets

wore ‘mostly

Calves wort firm st l0 for common . for mixed lots or medium ymmmmm ......‘ 14...‘;

nor closed ists yesterday at 8dr to 3 00 for nun... l... nun wstorod.

‘lbsrs ward no cnrly ssles Isdu on first srrtvsk today.

red ocd quality snu -

EXCHANGE

(Cllludlnn Press)

MONTREAL, lfeb. 2'i—lh1itisb and foreign exchange in relation to the Canadian dollar as complied by tho lloyol Bunk of Cousds closed today us follows:-

Auatrsila pound I 8824.

1899

' .4011. Franc-a franc .0004.

Great Britain pound 4.8020. Holland florin .0802. Hungary peugo 2081.. Iudln r-upee .3080.

New Zeniand pound 8 0215 Norway krone 2446. Poland sioti .1000.

outb Africa pound 4.8384 Jpuinpeseta .1816. r-weden krone 2608.

premium.

NEW YORK, Feb. 21-l?‘oreigu ex- change steudy. Great Britain demand h;gh 4.88%; low 486; close 4 80%; 60 day bills 4 86%; Fro ca 0 04; Italy 8N; Belgium 23 02; erunany 40 38; Canada 09 31-32

Closing exchange rates:-

At hicntrcnl—l‘ouud 480 3-10; U. B. dollar 1 00 1-32; franc 0.64.

At New York-Pound 4 80%,; Can- adian dollar 00 31-32; franc ti 04.

At Paris-Pound 722i! fr; Canad- lau dollar 15 00 fr; U. S. dollar 15 00 5Q francs.

In Gold-Pound lls 10d: Csuudiuu dollar 50 08 con-ts; U. S. dollar 50 08 cents.

u New York Curb

(Johnston and Ward) Opened

ltocks Lust Arnsr Cyan B 1'! 10g Amer Gus Elcc . . 18 188's Amer Sup Pow - ‘is Atlas Corp . 7% (‘so Unto! - 1%. Cities Serv Co .. 1 lillec Bond Bhsrcs 4% Gulf Oll Penn 60 mun on Ref m6 Inter Yet . . 30% Nisg ud . 3 Btsnd Oll ind 24% Stead Oll Ken 20 Uu Light Pow Press)

ONTBIAL. Feb. 2'(—~Cor|(.;uucd ll ht receipts torts seat egg prices higher on the ontrosi airy 1nd

produce market. Graded shi ments in cur-lots or less were quote at l3 to I4 csatis doson for A large. 31 cents for A medium, 20 cents for A puiiets. 2i to 2 cents for B lur . 10 to 2n cc for B msdlorusn l8 to 10 cents for C steady to s cent u dossn highs! than yesterday, _ he butter market continued st 25 5 cs s allots or cents u cents. l Ontario cheese wus 11% to 11% o d for lute-fall rscsivtl 12% cents for summer s potato market Quebec no 2 roufbt do to ill cents and no l groen mountains llfl to 00 ccnls. New Brunovdok no 1 mountains sold for 00 to l5 cents sud Prince Ed- ward fsinho o 1 mountains at no to 11.3 csagqssll u ll pound bags.

‘ .

lines .~ n th

United States dollar 1-32 per ‘ cent‘

(By Frederick Holson) (Oeutrul Press (hnadlan Staff

)

But we cannot

hope to accomplish much more than the average pink tea party unless England does something too."

_Four months ago, Gerald P. Nye,

diminutive but powerful senator from North Dakota, uttered these words to this writer in Toronto, in the course of o. confidential survey of the accomplishments, ailer thre= weeks’ sittings, oi’ the United States senatorial committee's investigation he originated and over which be presided.

"We can go far," he sal-i at that

time, “in unwavering we ramifica- tions of the powerful armament trusts

and their close but doubtful, tril-

ance with our government agencies. But we can hardly hope to imple- ment many worthwhiie charges in the situation until Great Britain becomes equally ‘munitions-con- scious’ and undertakes to set her house 1n order as well."

Two months later Senator Nye's committee had completed the sec- ond phase of its investigation into the arms traffic, and had revealed some astounding evidence of graft, corruption and connivunce between munitions manufacturers and 8W- ernment officials.

At that time I asked Mr. 1W9 m Washington, whether he was sat- isfied with the progress of his com- mittee, and what concrete achieve- ments he hoped to secure.

Forecasts lhlllsh Inquiry

' "Much has been. done already,’ he replied, " but there is much more

Writer “The lid is off!

to be achieved. Next week I shall ask Pmsident Roosevelt; to appro- priate enother 550.000 to the com- mittee, so that we may carry the luvestixatfcn to a. successful con- clusion. I think we shall get the

it, I believe we shall have adequate- ly exposed the part the United

business of selling war machinery to foreign nations and particular- ly to potential enemies.

"But; I am still waiting to hear from London. I think they will an- nounce an arms inqx-irv of their own one of these days."

Since than, President Rcosevelt has allocated the $50,000; aw‘ the Nye committee has gone into the third phase of its inquiry.