MARCH 3.. 1931

To Finance Home Improvements

[HST decide what improve-

ments you wish to make to your home-then get an estimate. Plumbing, heating and electrical contractors; builders, painters, decorators, architects and supply firms all stand ready to help you determine the cost.

With your estimates ready, call at any branch of The Royal Bank and discuss your plans with tne Manager. Loans to finance home repairs, improvements or exten- sions can be arranged by anyone of good credit standing, able to repay out of income. No security or endorser is necessary and re- payment can be made by monthly instalments spread over one to three years.

Ask at any branch for free book- let “Loans for Home Improve- ments.” It gives full information about the Home Improvement Plan of the National Employ- ment Commission.

"! ROYAL BANK or CANADA

OVII I00

BRANCH!‘

THE CHARLOTTETOWN GUARDIAN

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\

MORNING STOCK LE TIER

(Received ever Pitfllld and Co‘: Private Wire) '

NEW YORK. March 30—Chry5. ler conference will be resumed at 11 o'clock this morning. John L. Lewis is expected to return to De- troit soon to be present at these conferences. Dividend meetings scheduled for today are Allied Chemical and American Can. There will probably be more volume. to- day in the market than there was yesterday. Small volume was no doubt influenced by the holiday in Europe and in Canada and also by the fact that traders are probably holding back awaiting the Wagner Labor decision. The fact, however, that volume was so liiallon the reaction yesterday 1.. rather favor- able and continuance of small volume on further irregularity with a resumption of the advance in a zig-zag fashion would be bullish.

MONTREAL, March 30-Cans.d- tan. rail strike averted. Parties to the railway wage dispute have reached an amicable settlement. Chrysler and miners deadlocked new peace propoals t0 break dead- lock of Chrysler strike and also that of the coal diggers under con- sideration.

C. P. R. earnings. up gross for February up 4 8 per cent and net up 14 per cent over 1936. Two months ended February 1937 gross up 7.1 per cent and net 28.7 per cent.

Canadian Fairbanks Morse with 1936 sales up 30 per cent over 1935

53 cents on the LOIIIIDOII aitcr divi- dends of subsidiary company ag- ainst loss of 11 cents common rhare in 1935-

McCol1 Frontenac reports earn- ings year down sharply to 45 cents per common share compared with 1-16 Previous year due to higher costs of crude oil increased taxes and lower selling prices. The pay- ment of an 80 cents dividend ie- sulted in a deficit of $229,379. Working capital decreased from four million and a half to three million with liquidity ratio 1 96 to 1 against 3 88 to 1 a year ago.

_ Newsprint MacLaren . Company, St. Regis Paper and Anglo Cnnnd. ian adhere to 50 dollar price.

Winnipeg Electric net income for February down 11 cents per share against February 1930 cvin- ulative earnings first two months show increase nearly 3 per cent same period last year.

Packard earnings doubled at 47 cents per common in Loews against 22 cents.

Standard Oil oi‘ Indiana earned $3 08 in 1936 against $1.98 in 1935. Con. Edison of New York exclud- ing subs- 12 months ended Feb- ruary 28th net income $39,922,000 equal after allowing for dividend requirements on $5 cumulative pre- ferred to $2.56 a share on the

last years earnings Wen‘ equal to

lll CANADA

Splrltuial ua

word. Other rntea on application.

Advcrtisingliatcs-Payablc in Advance

Central (iunrtllnn Ioonla, 4o per word; Wentern and lantern ldenll. le per word; Announeementa llltl Corning Events lo per word; ' Claaalfied 8e per word; In Ilcmarlnm Notices, 10a per inch; Llata of Floral and , Cnriil, elm. 4e per name; batten of Condolence 70c p” ineli; Noni-ea or Thank: ond Appreciation, 70s per Ineh or 4e pal‘

Ilnimum Charge for any advertisement twenty-live oentn,

Miscellaneous

wanrnn - nonsi: arm oan- T—T’N umfinFirni-isuiv Ln-"afiiis-

l ll located. Write P- 33f.‘ glilaliixayn. L-aes-a-zs-ai. t. _ J,

WANTED - uncanny anuru-z-

man desires board and rOOm in A9911!

respectable privatdei 16.111111’- o " [Ciuar an. B we o L-Sol-Mon-Wed-Bnt.

Boarders W anted

WANTED - APPLY 151030-3-30-31.

BOARDERS Guardian. I;

‘ Agents Wanted

AGENTS WANTED FOR MADE-

to - measure men's clothing- X Supercraft Clothes, 5044 St. ComPWn. Emil-ed. M. Lawrence, Montreal, Qluéi 3 29 a the ’ =.—_—-—-, FOR aizNT-isz IIILLSBORO St t. Apply 154 Hilisboro T0 Let 5.3.71. L-_947:3:27-61.

FURNISHED ROOM TO LET-

l 149 E "ton St. App y uh L-1045-30-3i.

Malewlplelgwanted f

mm WANTED FOR FARM work Apply George Dockendorif. North River. L-975-3-29-3i.

:1

carom: YOUR. OWN B058- Qiiick Sales — B1B FY05“ _ m‘ pent Orders oniinc of 200 Gust;- aiitccd N(‘(!(‘SSil.l(‘S. Proii-able o - for. Monthly Bargain Sales. N0 risk. No experience needed. E1; elusive terriioiy Mennviiilh 213st preferred to travel si-iail y

country. Write immediately: Fnmilrx 00.. 570 Si" Clem??? Montreal. N" '

‘TQTSALE

Building Lot. 90 fl- Front

165 ft. Back. Formerly I101"!

Garden. situated Kent Si. Aimly

. . POOLE 8: CO. L M L-267-3-6-tf

TENDERS

Tender; will be received by the Secretary of the I-Iazelbrook Dairyi"! Cm’ Ltd. up to Saturday. ADI“ 10th for the hauling 0f crem“ on all routes beginninil at Murray Harbor to creamer!’ for season 1937.

Tenders to state price per 100 lbs. or price per lb. but- terfat delivered at cream- ery. The lowest or any ten- der not necessarily accepted.

By order oi’ Directors. A. ROY JONES.

Secretary

L-962-3-N-4l

sets $777,000,000. These are great- er than the combined assets of the four next largest Canadian Insurance Companies. Agents wanted. Consult J. A. Moore. Currie Bldg., Charlottetown.

‘G01 ERNMENT JOBS. HOW TO get them. Be ready for spring ap- pnintments. Free Booklet. The M. C. C. Civil Service Schools. Toronto 10. N-28-3-w-s-tf.

_ For Sale

600 EGG INCUBATOR IN GOOD condition for $45.00 here. B.

00111111011.

.-‘_._.

MARKET i BULLETIN

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Corrected For Every Wednesday & Sat- urday's Issue.

RETAIL MARKET

Celery hunch

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MORNING MARKET LETTER

In an extremely dull trading session yesterday afternoon the market appeared to be character- ized by a widespread disposition t0 await a Supreme Court decision on the Wagner Labor Relations Act. When, after giving a number of .= H . the court recessed until three o'clock it was thought that ,1, decision on the WBBIWT Ml’ would be handed down then. This not being the case, the market may show diiappointment in lower prices today rs the waiting atti- tude may now be prolonged until next Monday.

In the meantime, however, cur- rent business activity continued at a high level with the steel industry in particular operating at a very high rate and some hope has de- veloped recently that Union Labor may voluntarily end the sit-down strikes which, as the novelty has worn off, have been losing in pub- lic favor.

The setback in the market from the early March top has been ac- companied by a silackenlng of volume which we think will be‘ important to watch as a clue to ‘late course of- prices.

Laidlaw and Company. BAKING MORNING LETTER.

FOR. SALE —- QUANTITY NO. l Chanottetown No. 80 barley- T- J- Kickham, Sourls. L-978-3-30-3i.

it. o. r. SIRE!) CHICKS. cov- ernment Approved. Get our prices before buying. Maritime Chick Hatchery, St. John, N. B.

EfiTZWTinTfi- Coupe._ Apply 9 Kings Square. City. . 05 3g

F016 SALE AT HUNTER RIVER Lot with dwelling house and out

b 11d1 _ Appl Cyril V. Smith. u ngs 14-1058-1-31-31.

FOR SALE — LARGE AND MED- l

ium and small dry codflsh. EX"!

good u lity. L-loyd Cont. Morel]. q a n-ioat-a-ao-si.’

FGIIiSALIITAN UPRIGRT Steam boiler. Apply Charles Jackson, St. Avards. L-975-3-30-3i

FOR sans AT CORNWALL NICE home. 12 acres of land. Apply B- C. Webster. Milton.

11-1061-3-31-4-2-5.

non sate - nuns. - runrosr: Registered Bhoithom Bull. two years old. Apply D. H. Murchison. North River. L-1049-3-31-3i.

ron SALE-ONE VERY LARGE cooking range suitable for lobster factory or hotel. Several other cooking ranges with or without reservoir, one large heater suit- able for lobster factory. Apply B9 Rochford Street I..-103'l-3-30-2l.

FOR SALE: WILL BE AT FOURIS Thursday, April 1st with cor of horses, number of mares with foals. some good brood mares. also some choice work I101‘!!!- For information v unicate with Charles Mgcllfilinnon. B01114!- W llingtcn Mac e . owner-

e L-946-3-I7-3i. roii SALE-STYLISH piuvmo mafg (gpggd prospect) 4 years, 650 lbs. quiet, true worker. 001°!‘ chestnut light mar-kings. 9140-. also draft mare 1200 lbs. sound. $90. Walter Weeks, Kensington.

L-l062-3-31-li

FOR SALE-EARNED ROCK AND New Hampshire Chicks from the best strains obtainable. Blood- wmu and Prvemment slammi- Get my prices before buying. Claude Jones, B. R. No. 1. Char- lottem t-Lofgi-fl-Sl-Bl-

WU. ‘gt Lost

LOST-HORSE RUG 0N s1‘. PIT- er‘e Road. Phone 1592-1-1. L-ilM-3-U-li.

October Cotton closes higher ag- ain and should be held. Stocks were extremely inactive and it is really a waste of time to write aibout it, as there is no change from our last two or three letters. _

The motor stocks sold off again and I would not buy them yet.

Anaconda reacted a point, but if you bought it around 60 a week ago, would hold it and even buy more in case it reacts below 59 which i." probable.

American Hide 6t leather closes higher. Buy it below 10 and the pfd. in case it reacts to about 48 or 50.

Guantamo Sugar Pfd rose an- other point, to 53. It should be bought in case it reacts to 49 ag-

n 5'

Brooklyn, Manhattan Transit re- mains a purchase around 42 and will sell again at 55.

Lockheed also remains a pur-

Escaped

ESCAPE!) ONE MEDIUM SILVER

female, marked M. B. 10ft ear. Notify Georflb Mitchell. Pisquid. Reward. L-979-3-30-3l.

TENDERS

Called for installation bathroom at Manse. Specifications from Manse any morning. Address tenders Frank Jardine, Mount Stewart. Closing 6 P. M. April 15th. Lowest or ‘only tender not necenarfly ee-

le-l054-3-3l-4-3-fi.

NOTICE

All accounts due the firm of MeLellan Broa- are payable at once. n .. . A _ _ m" he made, otherwise legal proceed- lnp will be taken. L-IMG-a-SO-zl.

chase anywhere near 13.

Superior Steel may be 5MB!“ anywhere between 42 and 40.

Phillip Moiris rallied anoint, to 74 3-4 closing 74. It is always a purchase anywhere between 73 and 70

Hollander closes silghtly lower and may be bought 29 to 28.

Eitington Schild sold at 15 and can be bought around 14.

Worthington Pump remains a purchase below 36, Warner Broth- ers around 14. Simmons should be held even if it reacts a point or two.

American Smeiters and Refin- ing reacted two points and I re- peat my recent advice to start buying it bark from 91 down. Re- member we sold that out around 105 with a profit of about 25 points.

Baring- NOON COMMENT

The market's action is moder- zlcly encouraging. The situation is still too uncertain to conclude that the present lull is a buying level. but a satisfactory outcome of the Chrysler situation Ymight provide the impetus for a technical rally, in our opinion.

Laidlaw and Company.

BAN ON AFTERNOON LETTER

The manner in which prices hold suggest that the market will move somewhat higher before any ser- ious opposition develops.

Several airplane disasters are factors behind the reaction in the aviation shares. A definitely bear- ish attitude toward such shares as United Aircraft ald United Air- lines t. not, however. justified. Later resumption of the advance may still be anticipated-

Higher loadiiigs of coal, steel and iron are largely respon ible for the sustained demand for Baltimore and Ohio. In the week of March 13 the company's loadings rose 25 percent.

Superior market action of Loews is traceable w prospects of higher earnings.

Marketwise, Distillers Seagram continues to build up a base from which a worthwhile advance will intimately start.

This morning's. additional bulge in Price Common places trader in a position to accept half profits and plaze the proceeds in St. Law'- rence Corp. around 37- If you hav- en't any St. Lawrence Corp. Pfd. I suggest that you do so immed- lately.

Banon.

Flash-Governor Murphy's con- ferencewith Chrysler U- A. W. ef- ficials probably will recess this evening until Thursday, when John L. Lewis 1s‘ expected to return from New York where he is nego- tiating with coal operators over mines contract.

Dow Jones.

IBulletin——Presldent of Intl. Nickel at annual meeting states company isstrongest financial position in its history. Has no interest bear- ing debt and on Dec. Iii, 1936 had cash and Govt. securities amount- 1118 b0 341113.426 vs. $33,720,024 on Dec. 31, 1935. Declared company's further Prflness depends on world trade which is currently improving and hence, barring any serious pol-

FARM FOR SALE

Farm of the late Percy L. Coffin, Savage Harbour will be sold by prlv-‘te sale. If not sold will be sold at auction at later date.

A ply to

p J. W. MacEWEN, ui-imi. MR8. P. L. COFI-‘lrlll; bu.‘ Ila Ir hunters 5%

GENERAL ACCOUNTANTS ASSOCIATION

lC-l George V. Chapter 116)

C. G. A.

The Intermediate and Fina. Examinations of the above As- sociation will be held May 19th — 20th — 21st -— 26th — 21th — 28th — 29th. I937. con- currently throughout Canada.

For further information a1 to membership. cram nnllons etc. apply to II. Whision C. G. A. P. 0. Box 611. Stntinr ‘B’ Montreal. Que.

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New York S tock Exchange

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45-50.- now JONES AVERAGES s,‘ (Supplied by Jieuili- and Co.) g3 liiiiiiaiii in ip ‘J 61). 47.» innit; ll .> , " . ,. ._ (,0 in». 'l‘i-l (an. inn. w. .\' I 4515 itical disturbances, it would seem "y": it", 1'" _ outlook today is favorable as at any };j;j};;{ {y}, 1,1,5 m"? in P606119 YQB-TB- in-pnbin- s: 44 Dow Jones’ ‘will! Illililllonllltgil 9M‘ nanox MORNING LETTER Illidlliilil‘... 5° Closed exchanges in financial Si“ Oil N J 7114 centres of Europe contributed to . :}l‘{"','._f'° 44f" iiie extreme dullness present in ‘ .-,,'..,,,| A". '35“ New York where prices in general 111-10"! "o drifted fractionally lower. y"?! While some additional testing of .-'.< ‘mitt’ m" cs4; recent lows remains a probability 11-“ S! C" 11*’. there is a strong likelihood that l 2 l!“ I" 4,11% . niiadiiim 3.1!‘ the worst of the correction has \v.'.r..r-r Bros 1m been seen and that after either a “(PM Fri 12 dip or some additional dullness, the B illtfi market will renew its advance. ‘Vuolsvolrth as...‘

The anticipated upswing could easily start before the current week is over.

I suggest that you avoid selling on weakness and use any addition al sell off which may appear as an opportunity for adding to present positions in stocks with promising possibilities on the upside, includ- ing Republic Steel Corp., Ameri- can Rolling Mills. Baltimore and Ohio, U. S. Smelting and Refining,

Aanaconda, Chrysler, General Mot- ors, Kennecott, New York Central. Goodyear Tire, Electric Power and Light, Public Service of N. J., Na- tional Distillers. Southern Railway, American Can, Crown Zellerbach and Ce!anese Corp. Liverpool due Winnipeg 4 5-8- 3 7-8 up- Due Chicago 2 7-8-3 up. Open 1 3-8-2 1-8 up. 12.30 p. m. 2 7-8-3 1-8 up. 1.20 p. m. 3 1-8-3 l-4 up. American Radiator and Stand- ard Sanitary Cor 1936 phamplet re- port 70 cents a common share vs. 24 cents on common in 1935. Mead Corporation has decided not to proceed with its proposed bond issue at this time because of present condition of the market. Strength and activity in rubber shares featured London marlcet, copper firm. Internationals idle and irregular. Copper abroad 17.45 cents. Do- mestic Copper 16.25. Milreis 615 Dow Jones. SUMMARY

Kennecott Copper Co. 1936 net profit $25,490,765 before depletion or $2.36 a sha-e. against $13,164,- 571 or $1 22 in 1935.

Seaboard Oil Co of Delaware 1936 net profit $2,465,676 or $2 a share, against $1,670,647 or $1.34 in 1935.

Pacific Gas and Electric Co. 1936 Cons. net profit $23.960.528 or $2.55 on common. against $21,263.- 935 or $2 10 in 11135.

Graham Paige Motors Corpor- ation 1936 ‘ows $470,145 vs. $1,- 701,325 in 1935,

lnteriza .5. .1. Paper and Cb. re- vised net profit for year 1936 of $5,020,579 is equal to $5 82 a share par $100, on 909,855 shares of 7 per cent pfd. outstanding at close of year, excluding 17.092 ‘shares held in treasury and 4,691 shares held by Intl Paper Co.

Eltington Schild Co. 11 months ended Nov. 30 net increase $443,167 or $1 11 on common, againrt net loss $229822 in full year 1935.

American and Foreign Power Co. 1936 net income $5.060,477 against $3,591,350 in 1935- Quarter ended Dec. 31 net income $1,278,902 be- fore exchange adjustments against $123,532 in 1935 December quarter.

Container Corp and major com- petitors advance paperboard cen- tainers 15 per cent to 35 per cent. effective April 1st. May and June business being booked with open price as prospects are for further increases in production costs.

Prof- E. W. Kenunereh of Prince- ion. issues warning that it govern- ment wishes to “stem the rising tide oi‘ inflation" ft must promptly balance budget and discontinue cheap money policy.

Worthington Pump and Machin- ery Corp. unfilled orders are high- est in ten years, H. C. Beaver. Pre- sident says, adding that first quarter booking‘ are nearly double those year ago.

Oil and Gas Journal estimates crude oll output in week ended March 27, at 3,434,875 barrels daily decrease 21.298 from previous week.

30 lndustrials high 15-75 low 163.79 last 184.09 off o as

20 R/lllS high 61.38 low 60 78. 111.160 94 nif 0 ll.

20 Util tie» ii gli 32 20 low 31 73, lr..i 31 80 oii 0.22

40 Bonds 102 24 up 0 l7.

Dow Jones

JAP-A-I-Ai:

_’ _ PAGE FIVE '

THE AGE OF COLOR l i

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Don't tolerate dark, ding)’. dirty rooms

will brighten your home at small cost and make it a place you will 3'0 pleased to show your friends, and happy to live in .

Let 11s help you with your color scheme.

The famous “Simms” brushes assure a smooth job, without streaks or loose hairs to mar the perfect finish of Japalac.

TllE iiociziis iiinnlwiins

COMPANY LIMITED 1f}

MINING

llifiIdl-IIIIIOI-

Phone 105

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