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JULY 3.9. 1933.

THE CHARDOTTETOWN GUARDIAN

i}

PAGE FIVE

YES TERDA Yis ' 5T0

to Jo

(Ipoehl I \ ..

so»: v 5

nor-ten and Ward) I

pr.-

MARKET GOSSIP

0K 2N0

301w) 000 TA T1057;

IOI-NIRQ IAIKEI.‘ LETTER New York July til-The lnerke a to ‘m1 general we

seemed t0 be the most important 110-; - Ill view of this decline in stocks was moder-

relupluents during the day.

sts and the luck of volunlo encour sging. The expectation oi‘ a second srv reaction is ‘quite general anl

there no doubt has been some selling l" anticipation of it. Covering from apparently prcluatllre selling seclllcd lat:- raliv -- n“ Fniicll (ills lmp ...

to ho responsible for tho Tllursdu)’. Secondary reactions

sufficiently consistent to just|fy~ ti“, ' ‘ pxlwctation of one in this installing} i‘ _ but when one will nppcnr cannot be‘ l’ 5 Si?" - -

lloicrlninetl. llovr-loplncnls in the exchange an: crlllllllflllll)‘ ll1i1l~kPtN_,10l|'l_\' shaulu n

ued lower Ifrldny bud continued Slnlmon Co m; quietly for the balance of the [rssioih The strength ill the dollar lkuess in coalluoditiesl Stand‘ lirumls

Ilep Iron Steel l Safeway Store liut-lll-k

t‘ Sears ...-.- ' Soeony Vucuilm ‘u iSoutb Pac

d Gus rlleo .l ul (iii 01' Calif lluli Oil N J

... ... ,.. r",-

. ullc-Ilalnr ... 55’.

l ’i‘ilnhen lttlllor Bearing .. 251,-‘,- l'llioll (‘arhide Curb .. 401,9 (‘ulnu Pac . 0 (‘uitcll Aircmit 301/,

i'nitl il Corp

ii S lnd Al ltubhcr

I Vuuatlillnl | Warner Bros (‘o . . .» Western Ilnion

gain be important rill'ii'l‘“ Laidlaw “‘\_"‘-'iii\l:llol|sa Eli-t —. WINDY’ ' Pinup ' ldoflyjfjgT Yellow Truck (‘ouch .111; Itcal-tinaary tendencies ul-r- i-xpiu-t- ——-ii-—-— rd to predominate in today's ses- 51031-3553, CURBjIAxKET lions. i. New York .'luly .‘l1—~\\'uli Street (g ||g ,1 h ' d Mirror. More irregularity will ho seen ghwkffln n o n‘ on “I Wnigm-e this week with most stocks showing, [gm Am", o" __ s tendency to seek slightly loucr- lcv-i m,“ w“,

els. As measured by the Dow Jones \‘I‘I‘_\‘ the 00-01

averages the iudustrials could easily fail back to around level win-re they would be an excel lent purchase. , The stock market has all the an l pcarauce of one in which acrumuln lion is nncc again taking place. this connection, it is well upon it as oue"in Whit-ll

situation, but until such a meat occurs keep a trading position

One of the factors present at this 3”" TH time which has not been in evidence ln previous years, is that tho normal faintly according to Dun and Bradstreet shows a uniform

alidsummer reactions is but

discernahlc.‘ Business

lnck of evidence of any rcversal of , - _ trend which has been progressively "milliljlii m0 Hméedmibobrel; upward for nearly four months. I-fzfhflzie vmuuiiu,“ In the Steel Industry the outlook "(til fFQiii afifiwoggiguae tor the tbird quarter is viewed as 1'" 5“‘i"’i He“, Sh,“ good. linfces are being stabilized, and Mile"! Harrie U s 5,0,,

adoption of the Steel Industry code would bring shout bcttcr quotations sharp

sud eliminate many of the practices which have prevailed. ‘Remington Baud has

sting ‘in tho black. The company be-

gan to operate on the right side of

the ledger in Juno for the first time since December 1030, when the mar- ket turns up again Remington Rand will move along with it

Resumption of the payment of divi-

dends by Great Western Sugar is ex- pectcll not later than October. (los- sip from the floor of the Flock Ex- change on Friday was that Ilaldlvin is ready to mecca-Mirror.

RUMMA RY

. New ‘York Jilly Iti-Jlallfornla Clflflo Oil output during week endcll Julv averages 484.550 barrels dail_v_ off

T":

N.

0.51. from precious week. Magazine Steel says. Steel

operations have eased i.’ per rent to. 55

per cent the first brcuk sinro the Illi-

tum started last March as produc- ers became more conservative pcntl- lug claraficaiinn on government pro- gram.

(‘rown Cork and Seal (‘o._ in Juno’

quarter earned 31,20 a common shari- llgulnst act loss $0S.l77 in previous quantcr and earnings of ii-i cents n common share in June 107V.’ quavtvr. Six months earnings 7-i cents galnst 7 cents ill first half of 1032.

Youngstown District Staci lions at (it! pol‘ cent ojf 1 pcr troln past wcvk.

Bloody! Investor Service Conlluodltv price imlcx on July :0 stood 133.3 rampart-d with 137.4 on Juiv 2s. ‘

vent

Olf 30 lndllstr-iais .... - ‘:0 Titilitles . hi lialis ,.. i0 lloutls ...., .,.. ,....

0.12 Dow Jones

NEW’ YORK STUCK EXCHANGE

(Special to Johnston um] Ward) Mocks (‘loss A-r Reduction ... 3547.1: Allicd (‘ham , Allis (Yhallunr-‘l . Atlantic ltcf .. Aluar ("an Am For Pow . Aln Loco _. Alu Sluclt Iifg ... Alll Sugar... _ Am 'l‘cl allll Tel . . Att-illsou .

.\il.'|('(\|l|li| (Top , . 1.11.’. Mpymle iiulbiur? Auto .. hiai-assa , a m‘ ' ~' mu onion i‘ "Mano" llarusdnll Ohio

llarasdall A . .

Ilcudiv Aviation . Bethlehem Siccl . llrig

iiyvrs a M liurronlrlls Add Mach (‘on OI ,-.. (‘an liry Gingen Ale (‘an Pat: ..-. .. (‘use Threshing . (‘ongoleulu Nnlra , ("ilosulrrakc and Ohio (‘lllc Northwest (‘ilrysler Motors Coco Cola

(Yolumbia Carbon . ..,.. 400's, Shrrritt

(‘oi Fuel Iron Sig fllgpllp , 10W Rtadacona St Anthony r - , 7.111, 2Q

liavisnvl (‘hem Drlalvnre Hm! , 1'1 l Dupont

Eastman Kodak .. Ell-c Auto L‘tc Co Elcc Power Light Enio ,.... ... For Flllll ifrceport Texas . (rt-n Asphalt .. i-eu Electric

in look purchases should he made only on weak spots for the time bclng. Of course theft‘. is always the possibility that srme startling piece of news fmm Wash- ington is llkcly tn change the entire develop-

joined the list n! companies which is now oper-

works

m.

opcra-,

' '.l .\it'.\illlnn

Dist (‘orp Shag imp Oil ...._ ... Imp Tob . - Inter Pet .., Lulre Shore - Nomuda - Silerritt . _ . Siscoc Mines .

Bras T L Pow . (‘nu Iironze Corn (‘an (‘ur (lulu Can Cement Com [Pall ind Al ..

.\ict‘ol| Front C0 “out Pow

Natl Brew Nat Steel (‘ar Quebcc Pow Sllawinlgaa ._ South (‘an Pow .

Steel of Can .

\ Commerce .

-_-__ (Special to Johnston lsnd Ward) ockn

DIONTREAL STOCK EXCHANGE

Close 113

1.. lloutrcal 2i‘? ltoynl 1m)

- (Canadian Press) TORONTO, Jilly 31-

Stncka (an, VAcluc Oil .. 1a Anonllu .., 2 [Ajax Oil _. 1:5 iAlll I'm! ... . iAlv-x

Amity

-‘ Anlulct ' Ar Ar

' ll-hiclals n Iloiljo i llralor-uo

‘Bunk ilill . cum.» T".

5 (‘lliilollg . . ,(‘lcrIc,v . . , (‘olulnnrio . (‘ommon \VP . . lmulc Mines Wllridge . liaio

trlllficid ... .. ' (irabalu-ll Granada .. Ilalcrulv . i llflfkPl‘ .. lloilinger _

.\ll'ini,vrt\

i Pioneer ... Prcluiar

(lea Foods ... iilvcr - lien Motors Total sales 040,0 0. Goodrich Rubber ,

Goodyear Rubber UNLISTED Grabonl Paige .

Houston Oil Aldcrmac

Hudson Motors 10V, Algoma

lntl Harvester 31M. Algonquin

inu Nickel 11 as...» ou

ln-tl Telephone

Johns Mnnville

Kansas pay Bo ‘Brett Tr

("i Copper 183$ . Ilrmvnlee .. Lambert Ca zoo, llurlrinnham Loews Ineonp ,, '22 (‘ul and lldm llclfeesoori: Tin 70 (fan Kirk . liaclr Truck (‘an nouyu iiiissouri Pas (‘cu “an lie Ward Nash Motors

Nlti Dairy Pm

zhiililis Pct ‘llllrngn (yo

"vi 0 (for i’.

., ... w‘ ,.. ... 7'10 a Rel Orph ... .... ,..... .114

l-lldorndn

Foothills u. filiiffliai.‘ ' 8 Ventures 11' llllliop . r 1 Vinita-n .. ... .-.. , ... 4 Home Oi ,.. “...-.- 230 W001i Kill u: p» u: e-r ores N

P12055015

Montreal Stock Market

(Canadian Press)

Darn Bridge . I-lolv Smith ,.. Dolu Steel and _Coal B . Int Nickel . Massey llarl-is hlcifoli Front .- lliuntrcal I'o\v . Nut Brow

Power Corp , . Quebec Power . . Shawiuilgan Steel ot (‘all , Winnipeg El _

29% 7

Pivotal New York Stocks

Int Harvester . lut Nickel ,.. i. Nat. Biscuit ... ... . . N 1' Central ... . North American Pub Scr N J llntiio .. Stand Oil N J Tex Gu ... Union Carbide . Union Pacific

(Canadian Press) MONTREAL, Jilly iii—l'rices on all lines on the Aluntrcui dairy and pro- duco ruarkt-t were unchanged from lastwveelfs closing lnduy. Wholesale batten in carlot sor less hold at 20 Ln 20%; uouts a pound for no 1, with

the lower quotation the inure fre- quentlv reported. Arrivals totalled 10R hoses.

On the (‘lJPPflP market, Ontario while choose was gl-norally quoted at 10% to 10% coats- a pound with colored about 1A of a cent higher. Quebecs

Stocks Close Batburst A ,.. ,...- -.. .... .... Bell Tel 1L3, 14 ill/u l7 r ..... 10%

Wheat Prices Fall Maximum

Amounts

CHICAGO. July 31—(A.P.)--1'br grain i

i

Fthe third successive clay,

. , CENTRAL GUARDIAN

This column to reserved tor Queelrsl County new: of looll interest but od- vortilissg of n newly nature may be ltricll]

inserted st d cents I word bnylsble ln ldvanee-

accoluluona-rross can be had

prices today fen the maximum now at MacMiilan Hotel, Stanhope.

psmounts permitted under new reg-l. Rat“ ulstions of the leading Amnerlcnn ~ Phime-

exchanges. three to five cents.

dominate over all

ecuted. >

(Canadian Press)

or despite late rally. ‘fol-unto Mines-All sections lower New York-Stocks sug._ lVinulpeg-lldleat lower. New Y0i'k—-(‘utLOl1, rubber, and coffee lower. '

GRAIN

' (Canadian Press) WINNIPEG, Jilly 3i

2f‘ 1V

4014;: s}. s c w 407.; Track is-ii.

sold at 105;’, to 10%. A total of 724 ' of cheese was offered for

sale.

(‘traded shipments in enrlots or less of eggs continued at l0 cunts a dozen for extras, l5 ccuis for firsts and 121,4, cents for seconds. A somewhat firlucr marks-t lll firsts was repor-teti. Itl-ccipts wl-rc 71L? oases.

Old potatoes sold at $1.35 to $1.45‘ for New llrnsu-il-i; and Prince Erlwurll‘ island green luouutains per S0 pound bag. with new Quebvcs at 00 cents to $1.10 per hug.

LIVESTOCK

(Canadian Presto)

hItlXTlllGAL, July Ill-Receipts t0- iulivrl ‘(L707 baud on the Montreal iiveslot-ks markets today being made up of 1,047 cattle, I_l1ti calves, 2,007 shot-p alld 1007 hogs.

No early sail-s of cgltilo were made.

(‘alf trading was fairly active. Veal calves were estimated to ho about Sh? cents higher. Grass calves allll drink-l crs were Just steady. Oen lot of a- bout 30 good calvcs brought $4.50 with lncdinl good kinds between $4 nnd In). (‘nlumon to medium qual- ity calves wcrc sold fur $3 to $2l,7:'|. (lrusscrs wore fmln 8 r to Si.’ and yearilngs ua low as $1.50.

MONTREAL. July ill—British foreign exchange in 1't‘lllllUl\ lo

as follows :— , Argentina peso .3270. Australia pound 8,5313. ltustria schiliiug J77t. Belgium belga 31021, Biuzll mill-era .0900. Bulgaria lcv .0134

(Yhiuu Hong hung dollars .3467.

lJcnlnark krone .2151

(Zzechoslovakla cro n .5472.

iPinlnad flulnark _lI_'1<i-i.

l~‘ranee franc W80.

Germany relcilsnlark R494.

Great Britain pound 4,8100. 1'4

Holland flnl-llr .. Ilnngariy pengo India rupee . Italy lira .0704.

Jall-‘ln .300

Jugoslavla dinur .0215. New Zoalanrl pound 3.540s. Norway krone Q2435; Poland zioti .1741. Roumania lcu ;010'.',

South Africa puuud 4,8052. Spain pcscta .l'.'00_

Swollen krone C2450.

Switzerland from‘. .2800

Quotations Good and choice vrnl 84.2.’: lo $4.50,‘ common and nlcdium $2.50 to $4;

grassers $1.50 to

The lamb luurkl-t was very drnkili‘. Ilciwcnu 000 Illlll 700 lnlubs were weighed up at $0.50 fur those of good quality with culls out at a cut of $2.00 pr-r l-wt. Lambs of fair to medium average quality sold ill mixed lots hnought 85,50 to 80,00. Shccp were

11;:- 55" l

_~ Sclcrts brought $1 per bog premium.

unchanged. Selling from to $3.00_ according to quality. Quotations Ewes $1 to $3: lambs, good $6.50; common $4.00 to $0. . Practically no change was experi- cnccll on tho hog market. Between

700 illlil 800 hogs were soltl for 50,26 in $0.50 for llncnus and hutchnrs,

Heavies and cvira llcavles were cut .10 cents and $1 pen ewt. respectively.

lFrw-dor hogs were around "L50 and

sows ranged from 33,50 to $5.50. ac col-ding to quality.

N. Y. CURB

(Canadian Press) i

Mocks Close Amer Cyan I1 ..... . _ Alncr Full Pow 4n. As G null El 1M. (‘an Marconi . 2'24.’ . (‘itlcs flerv f!‘ l I'll Ilond and flhnre 23, Ford of (‘anadn A 1ft imp O 12 Int Pete 10 Nlag Ilud . 101A St. Oil Iurl 27%

premium

Liquldating soles were strongly in evidence, and despise numerous,‘ ‘M1855 Re“ E- c- Rilberiso“ “in rallies moved mrsismnt enough to preach Sunday, Aug. 6th at Victoria other factors. During much or the day, business and Lot 14 at 7 p. m. E. C. Robert- was virtually at a standstill, wluii 5"‘- Mmiswb‘ brokers holding quantities of sell-i lng orders that could not be cx-*

August monthly unofficial domes- tic crop summaries to be issued to- morrow were expected to show the

(¢,,,,,,,|..,,,1-,.,.,,,, smallest aggregate yield of wheat

Stocks ,.

Alum, Cw and oats sirlee 1893.

2m and Pow . Wheat closed almost lifeless, 4 718 m‘: fwd- 5 cents under Saturday's finish, Itrulhcltlnua com 4 cents down,’ oats 3 cents off, i

L‘ I! ll .-

ftubmff 515,0, and provisions at 12 to 50 cents! iéiliifii“ - decline.

Case

Chesapeake and Ohio

Con Gas . ...... ...

Cor Produ ts . .. M k A Duilillvare arid Bud ,..

Eastman .., .

Gen Ildicctric . . G l

Gen ‘nods

(ien Motors . a n c e

Toronto and l\iontrcni—Stockl low;

sugar

(‘LOSE Wheat: July 701i; Oct 80; Dec Bl- 04-81; hiay 8 i- , O - ui, '1 g Oct 30%; Dec

‘July 47i-’_-B;.0et 4074.; m.-

507.11. iilnv 5414A, (‘ARR PRICEN Wheat: No ‘l bard 701/7; No 1 nor 78%; In No ti wheat. till; No

No n cw 41 '1...

EXCHANGE

and lllt‘ (‘unudiau dollar, as colupllcd by itoyul Bunk of thlnada, closed today

Vultcd States dollar‘ 7.16 Per cent

NElV IORK, July 31—-(A.I'.)—For- cign exchange strong. Great Britain

West at 10.30; Tyne Valley at 2.30

CHURCH SERVICES. Sunday, ' August 6th: Milton, St. John's Ang-

lican Church: l0 a. m._ Sunday School, 11 a. m. Morniul. Prayer; Etustico, St. Marks uglican

Church. 7 p. m., Evening Player. RcvfE. O. Lancaster,

SLIGHT ACCIDENT-A slight accident occurred shortly before 5 |o'clocl< yesterday afternoon at the comer of Kent; and Queen Streets. A car tuming off Queen Street to go west on Kent, collided with one proceeding south on Queen Street. Tile fender of one car was dam- aged.

MODERATOR HERE — Rev. Dr. George E. Ross, moderator of pres- bytery of Ottawa, arrived in the city yesterday morning by motor car, accompanied by Mrs. Ross. will remain a. week in Charlotte- town and next Sunday Dr. Ross will . preach in Zion Presbyterian church, of which he was formerly a. pastor. Last year he represented the Pres- byterian Church in Canada at the general assemblies of the Presbyter- ian Churches in the British Isles and a number of interesting articles from his pen appeared in the Mon- treal press.

THE BAPTIST ‘CHURCH - Ex- changing for the morning service

"“' W" N" i‘ "m" '”= “f, witlrRev. a. K. Herman, the Rev. ‘cell iii]; Track 731a; No I

“QM: No fl f‘. “'-

C. N. Brown was the preacher in the Baptist Church. He delivered

ililiriiis 1 fwd fill‘... No I 0rd fit-ii: all interesting and thoughtful ser- .'t‘ ,; ltr-Jertcd 20H; Track ,,

~ mon on Jesus. my prophet, priest

m" N" i‘ " w ‘W? N" 4 " “' and king. Mrs. F. M. Nash sang

very expressively "Just for today." The Rev. A. K. Herman was the speaker at the evening service, which was broadcast by station CHCK. Miss Verna. Rodd sang very sweetly, "Nearer My God to Thee.“

INCREASED INI-‘LUX 0F TOUR- ISTS-During the last week in July there was an increased influx of tourists into the Province, and pros- pects for August are bright. It has been noted this year that there is an increased number of visitors from Ontario and Quebec, and fewer from United _Ststes as compared with last year. Many of the visiting tourists have arrived on the passen- ger steamers which have called in this port frequently during the last; two months. Many of tn. summer hotels at the tourist resom ave well filled.

RECEIVED INJURIES-blade on his way to the fishing grounds near Savage Harbour yesterday, Mr. James J. Maclntyre, Mount Stewart,

high too; 1 null clnsc 4.4014; no received severe injuries. Mr. Mac- lla bills 4. : Franco 5 ti; ltnlv t

7, ; lil-lgimn 1,07; (icrnlauy 32.0.1; Intyre’ who fishes “one” m“ Show (‘anadu 921,}. early yesterday morning for the rod-

M T’L. CURB

(Canadian Press) Starks I1 A Oil Ilenuharnois Dom Eng imp Oil . imp Tnb lut Pctc Walker rm _ .

Miscellaneous

' NE\V sugar was quiet and day at 21.50 for spots,

Futures Hugged uutlun

YORK July Zll—(AP.)—RBW unchanged to-

increased

1|quldatiou_ with final prices showing net declines of’ I: to 4 poillts. Hales 11-

50i) tons. hlcp 130; iau 147

Mch 152-53; .

i. The refilled market was unchanged

ond hnlllls nvailnblo points less. NEW YORK, July dct of I5 stapln commodity (bl-c. zu, nan equals 100.) Today 132.1 prev day 13-7-3- Wcek ago 1-75.! month ago 128-5. 1033 high 148,0 10.'l.'l_ low 78.7. 10M high 103,0‘ 100i} low 70. (Copyright, 10nd by, Mnodys),

Ill—(A.1‘.)—lu

Millard’: Llnllnent out} [relie-

Hudson Bay Nick

'

Soot/res Away!

HEADACHES

Donn‘; pop‘, Drug“ D¢|d¢n Club evening, a most satisfact- N o ertsbiotooalpsresvvitbASCOferrspid or? “Port 9f the animal smash