MARKET

1,. Ceoloi- A"°°h"d 2"" Iiiulielll W

_ 1 an , ‘ﬂjlpéliuhllfeir to a

y» i; lowed an interval lie late wﬂfflwfu‘ which, in turn. mi an early, tenilwi"! lil- f 1 m 3 points. These gains. ° , at Hi8 olwnlnz. were 1mm], but the markets

Mic the decline was in pro] amt-aged sellers and lie pet

y for n flourish of short . surflOniI totalled 1.170.410 C 1,- 50 p0!‘ rent of tho total m ,‘l",ti“r'rll|: in the final hour uad m‘ I" 1r elriv comment on |""" “ﬁﬁrueti-ye “ll! to the effect “Ml nl was "more in tlic in tiic pci'forliluiico:" oporiititnis have l'li~'ll to ,y por c whorl-as n not“ iirnilnd ‘J-‘i pvr i-i-nt. ,of this ostliiiate iimiiitl-iss 1|. the strength 11f Inc in-

vi dealings, which saw ll. b.

i \m|_||'.i1\‘t‘li\t‘

k . 1ii1.111111 intuit" lii‘. W ‘Purhrrre stiiuuiatcd- by declar-

l I "Imliviiir usual ii extra iillllliiil (ll\ ,‘,l|‘..a the Liggct and .\i_vcr.~i stocks.

oiilreal Market Siiielights

(faiiadian Preset

amid * ' , {will i111i-.~1 tilt. ,. limit-r tlic influence of short- iing. iinpnrtctl a generally firiii no iiie lovai list in today's s sion. er, lltlio lii the day's

'0 a ivltleuliig iiitrr-

.\t llit‘ rinse iicra iii a iw rightly inure active list, g s .1, uoli in vu-r-ss of ItIFWW-l, ullllc price of Lrventy smalls ud-

tile iiiost deal

I ARY 21, 19s

1 EDA

’r-ilsiiiess. altlinligli sterling, which had

lTotiil issues irndcil

GOSSIP

This company earned $0.81 last year on its combined common shares against 81.15 in 1930: the "B" closed 3% higher, the other M. American

e 8%.

General Electric tumbled 1% to I new low for the present shares, sl- thongh the loss was reduced to s fraction. »

ltails lived in the hope of favorable developments at Chicago and were well supported on ~the late rise. New York Central, Santa Fe, Union Pacific. Southern Pacific, Canadian Pacific aiid llnltluiore and Ohio gained l to 2i net. Steel cnmllinil. after losing its early advance, finished 15’, higher. Ameri- cnii (fan, fir iuail day, returned a gain of 2%, while Ainerieaii ‘relepii-inc’: advance was nearly 3 points. Auburn, (fuse, Du Pant, Westinghouse and Al- ilcd Cherliicnl also did well.

Honey markets ivero steady tn firm. (‘nntinental exchanges developed sonic

lost illost of its recent advance, hard- t‘lit‘tl slightly. The. French franc hack- cd up.

\l'll.\'l' THE STOCK MARKET Iilll: Wed. Tue. Niinilier of advances ...... 280 flit Number of declines . ll’! ‘J80 Stocks iinviiiinlreii .. ilti lsl 5L. (‘>55

' Grain Market

1 if‘

v (Ciiiiiidiiiu Press) CIIICJGU (‘lIl('.\ll0. lll..

V Jan. ﬁll-Persistent I|\t‘t‘illill.l\'i3 soiling ttrlliilted to ll lihillllig trader ii |- a i't-|i<~\v:il_ot‘

css‘ today during

11-, [ii-ices went lii-low S:ltiiril:i_\"s finish, anti zihout .‘l coats under the top of .\loililn_v's bulge gell- t-riil iloinliiid today for l\'ortli Anteri- ctlil wheat tn he shipped overseas was not ilirgrcssive.

Just iit the cinse sudden rallies as- criiii-tt to a quick reversal of innrkct position hy previous sellers Jt-rliod ti-o win-at iiiurkct up more than n cent. froiii the dii ' lttll‘ point. Wilt-lit clos- r-d nervous, w... finish, corn

l Lﬂliltu! a fiiil poi t iifii-r run-hing frilr-Io , |<\'ol. i‘. l’ if ultli a net p. ll liu1~_\'lin1-_i- lietter illllllltlt‘

a ti . _ cl, other intcriistcd issue. ivns frat“, nil)‘ higher iicrc. .\ll‘l.'0ll-I4'l‘0i|'

it useless active tiiiiii it has been

iri-i-at stissliins, llii1l closed Illi-

iir-ui at l0. The recent lin_\ P,’

roan-at in 1i1'. liiion an the strut,

li satin-es of any n al develop- re has hot-n no iiitiiiiutmn frolil of- is in the affairs oi’ the company eipisili the revival of interest in . issue, other than purely market ditiass.

inirtg Exchange

tﬁiaatiliin Press) U. 0111., Jan. iti-(Riinllig

lliglillmu-i/Jitise

...l .124 ~| .11 .1111, | 1.1 1.1 .l '

(lllilh s t

a Stork Jlrale ,. ,, H!“ .. 1.10 | ,0~

lliltllioiiil .. liaaker lilil ll t.‘ Pioneer iluIf-(‘iia

u . "lil . ..| .0i‘.i¢| . 1.1.1111

ééé-Eb __o_,¢;—

u Pr- 2o

.14 I.

.a" bbhbhh yo$3:=_1-_w

Curb Market .

hwhl to Johnston s \Vi\rd) "mung," _ °J>@n|HI1:ii|i.1m-u.11st tmlttxotlrl __ H

If" ouoniloss

I) Jsn. 20-h" i st the Iish pie‘;

""3""! qno-rarioics

ioi-k has attract --| I b

to ‘f. lower. ‘an-l ed to a decline \

|\\'l

gave the hillis ii here today. Prices lit the cities. were 1/, lo 1/; lligllcr than Yesterdays finish

.\iay cltiswl a; (i314, u gm"

July iidlnnl-r-s 1,5 i.) I}; 11.1. gilllllul m. on... 1;‘, H, cw,

lii _tlllll and tll':l;:g_\' t liuii idiod along for the nlout p,“ at levels under tlitisti of the previous tliLV- r-Ilylut: 1mm Pint-ago found pit tiffcrliigs on tho light side and price rose ipiickly.

1A. siiiull export trade in iluritili \‘\ unit uitli tii-rninny nlnoiig the hay- ers nus the only foreign interest lili- (tIHTtNlv. Lnlih-s reported very restrict- 1'11 0011111: l'.\' illiporivrs.

lii-ooliiliiill slim-d that would find diti'.t-Ii!t_v tii u ||g u“. til il lirouiler lieiiitllid _ m] in central Europe and tariffs werlo low- ercd.

Foreliln advices featured a change in iii_illiiig regulations lii itnlv. (‘oni- llllﬂllﬂill.’ huh. l‘ the quantity of native want rrtiiiireil _ln tho grist iiiill he rcdulotl froiii tl.i per cent tn 70 per uiit and lii tho ruse of duriinis, tlui quotta ulll be cui. froiil 50 to 20 per (‘PH -

dilcluaiid for ilurunis featured (he viiunit trade and mid lots traded ‘ ~ "lii" lii’ cz-‘nfloarsr- grain trade within a narrow fill]!

wlieit values 1

values inoviiig

w _ ‘ causal" ‘;ul/i-l\i:.‘dt.——-.\lil)' lidio; Jilly 0474.3; l)“,

Jilly ICES i l llnr. (30%: 2 ~ ‘l! no. 4 48h}; llii. "i"! 40H: track 00w ,,_ . . . 1 Int-i rt-iifcti-d is‘; trim; liri-y- C. W, , I . _ _ 5 U w‘ ‘an; l‘ C w 45 ictrllclr

Miscellaneous

.__~._. _

it" ..'l .is n . 1 , ilonr, spring win t lino-ills. flour, seconds Hi0; flour. ‘i l-ili; iltiiir i' r who“ PM. ““"“‘- m“ "l ~52 shorts, ton flour. white corn ton 28.75; rolled ' hily, iio. L‘, pvt‘ chi-rs

. .1

_ ‘A. to 1.11., while;

trade the illllr-l

:e:l to render tangible Whatever the immediate

’S

The following article, reprinted from the January issue of Canadian aviation, is particularly timely in view of the recent organization of the Prince Edward Island Aero Club, of which Lt.-Coi. Jenkins is honorary president.

The enterprise, initiative and the will to render a. community ser- vice have been responsible for the giving to Charlottetown and the beautiful Garden Province of Prince Edward Island an airport of which any people might well be proud.

Tint story ought to be told.

Out beside the North Arm of the York River, three miles north and slightly west of Charlottetown, one finds Upton Farm. ‘There are gent- 1y rolling fields bordered by spruc-

vate race track-scene of many a day of thrilling sport-the whole centred around t1 Picturesque house. This is “Upton Park," the home of LieuL-Col. J. S. Jenkins. D. S. 0., And ft is to Co]. Jenkins and his cnthusrstic wife, that the thanks of the Island are due for one of the ﬁnest personal contributions to the advancement of aviation any- iwliere ‘in the Dominion. It is a llnrge part; of this beautiful farm that has been utilized for “Upton Airport."

What brought about this develop- meat?

By ordinary mode of travel, it re- qu res seven hours to reach, say. Monctolt- from Charlottetown, that

to cape Tormentlne, and rail again to Moncton. Accustomrd, but not

on the occasio ‘of an extended trip by air through the Southern States ‘early last year. that Dr. Jenkins de- cided it was high time that some- thing bc done to bring about e. faster mode of transportation be- tween his island and the rest of the country.

‘Thanks to the determination with which Col. Jenkins pursued the l idea, one may now comfortably cover the same distance by air in,‘ 50 minutes. that heretyiore oo-F cup'cd seven hours and be received on a good airport. Transport planes‘ of Canadian Airways Limited now cover th‘s route on regular sched-l ule every day.

Prciminary Efforts

Conﬁdent; that a. public airport w‘s essental to the interests of his,‘ city as well as the province ati large, City Fathers were approach- assistaacey reaction} was-and one must remember it is! not so long ago that automobiles! were first permitted on the Isl:nd—, Dr. Jenkins found himself in the.‘ position of playing practically a‘ lone hand, but yet undaunted. With the advice of Federal Air-i ways inspectors, he proceeded to re-' move fences, rows of trees, stones and other obstructions until there was opened up two runways in the

t':\ll‘illl ill cilrtous firsts iii cartons .- tlgvextriis in cartons age firsts in cartons

storage seconds ill cartons ﬁlters. Qllvlirtr, s0 in. In“;

stor- : 935"‘. i ptl- ; tit); pn- i

wléidytdi. New Brunswick. e0 lii. ling .55.

v _ _ _I'O_TTION Bid: l-Oltk, .\. \., Jan, 2()_(*0||o“ tltvstitl steady. (‘losing hills" - lat-i». 1-10 liar. uo1-tlsEl Julie (lilil; Jilly

i'l‘- tori-s 7111-02; .1 ‘i

.\tl\‘. 1.22: fl0U.m|7~:l0?-v"t' “u: on‘ 7: ;

shot riosi-d steiiily. lliidrlllilg ti7'i nclﬂtlltlrillitll—(‘t)lll)ll, spot good bust. prices 12 poi

low mid- l - ordinary i197yzoﬁdglla'igagzlinflfggt "w" we" é-“Xivgilﬁig. sil American. NEW YORK, xfrg, "lll-"lr was eiisiertntiriy 1:11:11 ..:.:.':.~1~; l(. - a es reported were {is . 0110 llfi r p - F‘? ultﬂaizo ‘lltgltéierlefllican due early in m‘! 5.600 tons ciinn ed 1.0.4 Illlqnl limit“ ma’ M“ "05- ‘ "7 “H; hqlnod- l; hart. 1.10. Der. 1.21. dcinniiil lililitcimlr et w,“ “m” “uh only. pun.“ zvmtio Ilgilflllly requireliicilts t" "l"? Kranitiated. “c “Wed M M5

Jan. 20-—llaw under cantinueil a rather indif-

T7ie Montreal Stock Exchange

lilieelll to Johnston I Ward)

513,1}; __ __ Ogrlliilitlhlltowiiaist

ell ‘Pr-i h ,

B C Pacelllnrgne“ u? iiiilld Pro A ,,, 1g

"I" P" I'd: m v n C Fdr rm lav,

an (‘einent . .. an»,

(‘an (‘ow Ppa 1i-~

(i Pacific

_. rm-lrilinc 17151;" I: m‘ ‘7 ‘m

shape of a letter L. The longer one lying north and south and into the prevailing winds, is 2.800 feet long and the e:st and west, 1,800 feet, bath being 500 feet wide, In ad- dition to this, provision has been made to take in further ground if ileocssary at- a later date.

At. the south end of the longer runway. in a. pretty tree sheltered area, a new hangar has been com- plated capable of housing three small aircraft. In addition to that- and this might be e good exam-l pie for other airports to follow- there is e small but very accom- modating administration buiidins’ complete with oﬂice, store ‘room, lounge with a iarse comfortable, ﬂrepizce, well equipped kitchen, etc.' Being an architect of no mean ab- ility along with his other accom- plishments, Dr. Jenkins personally directed construction, the ttiole presenting a picture of fine arch- itectural design.

With a. measure of co-operatiou from civic and provincial authorit- ies, Dr. Jenkins was enabled to re-l eeive the Tune-Canada Air P88- ennt on August 31, whose display, attended by an enthusiastic audw fence of 8,000 people, marked the official opening of this ﬁne new air- port.

Just. 1i few days prior w limi- August 24 to be exact, the first alr- craft landed. They were three 01115! » Moths and uie "at-nan consuls" autogiro, piloted by Junior Jﬂnesv

-I iii 111/1 w n»? t‘ .\I 9n ‘ 1' 1' ﬁlinllitct-i (‘olnllltlfl 7g l‘ "I'M 7o n rilsor Co P1,] 1|; Int Niki .. J’ lkigasif-yc Ilnrris _‘| i?“ m o“ m aigiierillitvrérTll m W‘ 1° Nat steel (‘or ., m ilhawiulgan .. .. 2L1 Sher Williams . n;

Rteei nf (‘niiada I22 | R nf (‘nmldn l'i'd l 28H, Win Elec .. ...l 7 l

Ins lcetis a i | y

of Sussex. N. 3.; G. M. Ross of, Ottzws. and Godfrey Dean. 0i

Aviation Progress In Prince Edward Island

Story Of The Upton Airport Told In Current Issue Of Canadian Aviation.

cs, maples arid silver bitches, a. prl-I

is, to Port Borden, ferry nine miles’ ' -ized their important stratcgic pos-

reconcfied, to this procedure, it was!

lseiiii John from the West in the

‘Garden oi.’ the Gulf with its ester‘ lprovlnccs.

l Pills Hospitality

Scarcely a visitor by air has- 1landcd there who has not; enjoyed the excellent; hospitality at the, Jeiikns home, “Upton Park." The; guest is ushered lti through a drive- way emerging from s. little wood jto find this picturesque home with ‘gardens sloping down to the river. But that is another complete story‘ in itself. Sufficient. to say that the air traveller thus favored becomes conscious of a new and fascinating use of aircraft for touring purpos- es where such good air and de- Iiightful scenery and hospitality a- wait him.

It is perhaps divulging no secret to say that in additoa t0 convert- ing a large part. of their valuable farm the Jenkins family have 1n- curred a heavy personll expendit- ure in order to make available to their community and province Canada's newest and most attrac- tive airport.

The importance of Upton‘ Airport. Charlottetown, as an addition to ,ihe fine chain of airports recently ‘opened in the Maritime Provinces

brings up the question of what lmlght be done in order to make ‘most effective use of tlicsc new facilities.

, Whle consideiing the pxeihillty :of air transport services within the ‘Maritmes, one is led to think these far-seeing people must have real- ,li.lOn in the future scheme of tn- ‘IEPHMIODII airways that is bound to come about.

The record of the Maritlmes t0 date in airport development is out- standing.

At Halifax a municipal expendit- ure of nearly e. quarter of a. mil- lion dollars was agreed to and re- sulted in providing e splendid alr- pori: located close to the_ heart of the city. Saint John, not to be out:- done by its sister. but rival city, went into the community's coffers to the extent of some $180,000 and in in area presenting almost unsurmount- able difficulties chiseled out of the rock an airport that will stand to the lasting credit of those re- sponsible for its development. On top of that the city made a grant in i930 of $3,000 to the Saint John Flying Club to help further the cause of aviation in that commun- ity.

Moncton, proudly claiming to be the hub of future Maritime airways decided, and doubtless wisely, to proceed lkewlse and undertook an expenditure exceeding $20,000. Any- one using this fine airport will con- cur tn the fact that the city 80'? its moneys worth-a. good field with open territory surrounding.

Down in Cape Breton the munic- ipaiities as such did not evidence interest by much in the way of tangible support but there were still a number. of enthusiasts centred a- round the Flying Club, who r-s gi-eet eﬂort, and personal expense literally hacked a good field out of the wood midway between Sydney and Glace Bay. And they made s. good 10b of it, too.

Not only has Prince Edward Is- land Joined the airway chain with its privately sponsored field. but one learns that; Truro, (in an im- portant strategic point) and New Glasgow, as well are on the w"y to having yields opened early this year.

Maritime Facilities

‘Phat, briefly is the picture from the ground. Mess til with other sections of the Dominion of equal area and population the expendit- ure per cspita is very high. Con- gratuhtions are due the Maritim- es.

For reasons obvious to any inter- ested in progress in aviation, eer- ious consideration might be direct- ed toward making early and effec- tive use of the excellent facilities now avalable.

If nothing more can be done at the moment it would seem to the oniooker that a triingle service within the iifaritlmes would be a sensi ‘ Clcv Iopmeni: for the very near future. While all’ mail service is only one phase of air transport, it is nevertheless freely recognized as the base around which other ser- vices ere developed. Bo far as mail services are concerned, i: a plane were to take the mail, arriving at

H _. THE QIQEQTIETQWN GUARDIAN

of the Montreal mall 1n Halifax $11M d8? and return with Halifax mall to catch the night train out o! Saint John for Montreal for de- livery the following morning, cape Breton, if not directly on the route of the circuit, mghh easily be brought in under a shuttle service to Truro via New Glasgow. One suspects that the sirminded pwple ?n Cape Breton, and there are many of them, hive an eye to possible future services to and from New- fouadlniid.

Some notable savings could be effected.

Take, for instance, as between Prince Edward Island and the main- land. where a volume of passenger. mall and express business awaits. only t0 be cultivated. How long will one be satisfied to spend 14' hours and more on e. return journey from Moncton to Charlottetown, when the same trip can comfortably be made in less than two hours. by air? The secret was discovered by one elderly lady quite recently, who as a passenger on the Canadian Alrwlys Ltd. plane from P. E. I. to Moacton, remarked to her fellow passenger.‘ as the plane skirted a- long overan expanse of cotton woolly clouds: “This has everything else beaten 40 ways for me. I am all for travel by sir," said she, re- suming her magazine story after another peep at the fascinatn! view from the plane.

in time

TOCKIAND BOND Q U0 m irloivs

i n

. >1

PAGE

l 0 R Soaiatiliirig IZXTRAhn tea is M zxcliioq

(Special to Johnston k Wnrd)

_ Red Rose Orange Pekoe.

lsoliosis

T EAﬁs good tea’:

Z CHOICE QUALITIES — Red Label 8r Orange Pekoe

_ l,‘ l. 1;, +1‘; l 1i + ‘A + ‘ﬁ a 1i ‘.13 =1“ ‘Fl ‘Jlé l ‘.2 ‘f. I'M 1"], “it it Sig 1,6 tiilyr ltiiii ,1 lirtlilliy‘ _ '1 lfotis ilil . lllltl l!" lllupp .\lo

momlns. wmplete a circuit through,

Montreal, yegpeeti us], This mark- say. Monoton, Charlottetown, ‘hut-o

' ed s, new era in linking Canada's and immx. it could eﬂect eenveiv

ASK yourself these four questioiis—tlicn you will know wliellier the Life Insurance you now own gives adequate security and protection:

I.-—Does your Life hisuraiice provide that, when you reach old ago, you will liave a deﬁnite inoiillily income siilllcicnt lo make you independent?

2.—Does your Life Insurance safeguard your wife and cliiltlrcn-— guaranteeing tlicm a livelihood if death l‘()l)S ilicm of your support? 3.—Is your Life Insurance building up a cash reserve for future emergencies?

4-.—Does your Life Insurance also include an etiucaiion fiiiitl to equip your children for the liattlc of llI0-—\\'l1(."lll(‘l‘ or not you live to see them start out?

By giving serious thought l0 your Life Insurance now you will probably save endless regret and worry in (lie future. Iiy all menus talk it over wills a Life Insurance representative today.

ife “nsurancc ﬁwoice

One of a series of messages sponsored by

Life Insurance Com panics-