...., .‘___

‘, [iencral Foods . t rwin-r-il \l

» iiiuiliri"! 1'0

‘T200 licrlnuzl ..

. nnzn s Antonio V

MARKET GOSSIP!

likew-iu converted a 2-point loll into 2-point gain, Among others finish- ahout 2 to 2i points higher were Allied Chemical, Santa Fe, Consolid- ated Gas, Federal Light and Trac- tion, Louisville and Nashville, South- ern Pacific, Union c, Steel Preferred, and Timken Bcarlng. U, S, Steel Common was up a fraction at the close, Svine of the non-ferrous

w, John 1w with! W" iui "M" w igourasm“

The list

financial

a niihrsereral 8

,,,,-, snowed B l1

1m! t a ' a Willi, §§,,,l,'tZl-"bt 1,7s2l1i1l1e:1i:le: ‘om the smallest in

was isrH-I

- if fluLsEIO-(Iil/io 1113b"- A

cosT 19, 1932 ,

THE CHARLOTTETOVYN GUARDIAN

PAGE rive

Qgglq, Aeiaooiated Press. r u “K. Aug, 18-'I‘be stock lg yoked up somewhat in the n d“; after recelvlnl eu- n; from wheat. '_ ace-sawed rather feebly ibe earlier hours of trading, duflnilllfill in the last hour to close alas or 1 to 8 points. The prim aver-aloe?! 90 ialue

i°""lght' cancelled moat of an The fhllrllil sag in I to 3 points ‘my veral leaders, It started in tho l“ “mpiemsnta as the wheat- msr- finally bulged up 1% cents a the

m“ ‘Vere Bllleniliginlvédrllt one time.

turned heavy for .110 apparent reason other than that possibly they had gone ahead ton fast previously, Am- erican Smelting dropped closed off 9d net. National Lead had one of its wide more i) points,

WHAT THE STOCK MARKET DID: Tl: W

Number of advances ... Number of declines . Stacks unchanged . Total issues traded ...; .

ECONOMIC

(Continued from Page 1)

Boards Of Trade

(Continued iron: PI-Be l)

Stock Exchange

(Canadian Prel

ii. ilncullrmii-al ... es . Ailiivuiitlil C00 -- -- 4

.\li~i1l~ou ... - - -

‘~ Auburn Auto .. ---

liniiiiuorc Ohio will Stool .. - .

g-

|-_f,,.,. ‘Plircsh phyys ,\iotors Fol iiu- Film: .. ... Fons llflB-l ..| ‘as Porn Products .. he 1'.\\'ricl1t .. ... ... p} I Impoiit ...

11px Film .. [Ira i-Iln-trlc .

in. i -- mp, lintors .. int linrresicrs .-

iui Nil-kc] .. .4 ...

i“; Tlilflflllflilfl .. 1.. K1111 l"'i‘l"‘\' ll Pacific .. .. || Puvlill‘ I'M . nuntgnlilCfy Ward

Nash Huirii‘! ... ...

Xmv York Cont Fni-knrii Motors . ..

lurnianunt Publl! .

Pull Sorv of N J ... Radio l‘nr|1 ... .. liriiiio iroiih Orph Sears Ilocliuck . South Pacific . South linilway

ilnhd ‘Iiranils .. $111111! (ins Eire

Flam] on of N J Z:-

Toms 1'11 -.. Ti-r Half Siililh ...

Tim linlii-r Iicar ...

ii 1‘:iriv Curb ... ... Fnlou Pacific

Fiiilcd iircrnft Fullwl I‘orp

Fhiiig-l (iris Iriip i! Moi-l ... .-

Vnu sou .. ...

\\':1ru iiros 05' d...

\\'i~.=i l'ii1‘i‘ .. .4 ...‘

“Vmlivflflll (‘o .. ,. Worth l‘1imp .- ..-

Mining Stocks

(Canadian Press) ’i‘uiiii_\'TO_ A\1g. lB-(Mining tin-m)

1'5"" ox .. .. .- 2300 liuulct .1 1.- 4111mm". ,, ,, ,, 10111111 llnlllng ,,, ‘I100 lllIlKOUil . ,, 2000 iluiik Hill .. 1mm ii 1' Pioneer . iliirui liuff Can . W" Pnuusa .. lililil I'd-lie Tr ,, inoo iw-lmuarlo , 2T5 ilnmp _ _ ‘Z1111 idivriilgs , 211m iirnuada . ,, F!" iinillng ,, ,,, 1111111 iii-mcstd . IP00 lioiri-v . 11w mo. ‘Lake

...

111m ma; Prom _' o1

1000 \in11 ‘Basin 77. \ii-l\'lnlcy

17m 11....“ __ __ lllil Xipisslng , , Iii? Nornnda 1000 North (‘an , 0001mm“ on _

100 lu-ciulcr

N00 Slicrrltt . l0ilil, -|,;,.,,,, “i _ mm Stndacnnn ,' ,

“Xivnnite .

0301i \§.,,. m",

my ‘Vrlght n},,.'_ '

Siii-nr 317a;

Total r5161; 310,000 shares.‘ UNLISTED

It Ase m" n iugiiuii " M000 (‘on “an , P-ltr-sch , i‘ 1' 49 "ontivapillfgr. ' '

.-

Iiflill-Iast (‘rest ... '

01R“ 1:11 . mo Wadi-entail. ," ro 1| " 2211i» Nltlltclnny _ i000 Kl k 17in" hiclmodnud 10o Nnrdoit .'l.'>0 P-Orcllle

.. II -- .- - u-

Pou Pate ,,,_ 1M 50

59°" Ventures .

CURB

i500 \| i-~.:..:::::1"" ~ ~

9S Mnnnohh .. .. an”

mom“ F,“ nmwnm. one o

11111: oi: :_ 0600 pm,‘ w“,

2-101 o»... Luke ... Iovv, my, . .0114 .01 H.

mo 1mm.» Mn Jack 1116' .1

New York" Curb

"Mm (Canadian Press)

inr-r f‘ ' {m s‘ rnnamld B .

uni ('0,- Elcr Iloml iiuif Oil 11111 Oil int‘ Pcirolillllilil" £1‘: ‘Qili ‘lulu-nu - “in lick .n .t Von-a‘- A!

slur}; III Corp

our

touched I40’,

and ffonsoi a point to 00, lirazillan Traction was off $4 at l0, Shawinlgan lost tho same amount at 14%, Dominion Bridge was off Iii, Quchcc Pan-er 1710i; while Steel of Canada at ill nnd B. f‘, Pnwcr B both gained National Brcivoricn was up 0i. at and Ahliiiii was up 14 st 21,4.

I11 the hanks iifontrcal lost 2% at I07, Ilnnouo (‘anndicnne was off V, I27, Commerci- was up V. at 1011-}, nnd Royal hcld unchanged at I07. Ih the bonds Montreal Power do-

werc V; higher at ti: Montreal Truiuwayn A sold at 84% 121,3 from the lust sale

Total sales were II 841.050 bonds,

Thr- pound sterling 83,00 5-11‘- aiid the United States dol- lar at 14% per cont premium.

MONTREAL, Aug, lib-thy the C1111- dlrldcnd ratn on

M. 18%,

bout u res

part-d with

ailiau

. u vre‘ .30

eel ..

. .. 10.571 Iss0 an ,2:i

all? W "Ii-in ‘yr

s» , \’I--

'. .» .0284 ,02

Spot closed

Montreal 'Market

MONTREAL, Aug, 18-437 the Can- adian Prcss)—An irregular tone per- vaded the Montreal Stock Market in dull trading today. rally brought fractional gains in threu lending issues, Montreal l’ower_ ‘Can- aiilan Pacific and International bick- cl, Price changes were with a few exceptions of narrow range,

Montreal Power

point of volume. Opening at 331/; issue ndranccil to M, where it closed for a gain of 9Q, Nickel sold at 8% for tho bcticr part of the day, hut rallied tn close at 0, up 1,1,, C, ‘i’, It. in the course of the scsalon, a last minute buying flurry bringing the price to 151/4, for a gain of 1/4

Changes of a point and aver in tho miscellaneous Pr-nmaus,

adlan Prossl-Tho thi- PIPiPTTNl stock of Canada Iron Fnundrlmy Limited. orl on a 3-’! annual basis as coni- 50 paid previously, company doclarcol a semi-annual par- ini-ai: of $1.50 por share, Sonicmhcr l5, rccord August fil.

No action was inliou on the com- mon stock dlvldond which had been on a $3 annual basis,

F o reign Exchange

MONTREAL, Auir, il-(By the Can- Prcss)-_British cxchange in relation to the Canadian _dollar, as compiled Iiank of Canada, closed follows: Argentina, poso_ 4,2087, Australia, pound, 3,20%. Austria schiillng_ not quoted, 'licii:lu1u_ licigu, 0,1505.

China, Hang Kong (lQLlflfI, 0,2 (‘zccl1osl0vakiu_ crown, .03 iiflliii. Finland, flumark. 0,0182. France, franc, 0.04M, Gcrmani‘, reicbsrnark, Great Ilrltniu_ pound 3,0033. Greece, drachma, 0.0074,

Ilolland, florin, 0.4027,

l1o|1murk_ ltronq

II11 11 gnry, pcngo,

India, r11pce_ 0111727.

Italy‘ llrc, 0.0580, Japan, yen, 0,2843.

Jugnslurin, dluar, 0,0108. New Zcnlanri, pound 3.8302, Norway, Jrrnne. 0,2001, Poland zloti, 0,1208, lloumania, lcu, 0.0071, South Africa, poum Spain pest-ta, 0,002, Su-cdon, ltI'0llt"_ 0,2053,

Svi'it1.crland_ franc, 0.2240,

United States, dollar 147,; ‘per ccnt prouilum, NEW YORK, Aug. IS-Forciizn ex- changi- cloacrl rates, Grnat Britain 3.02 5-10; Italy 431.2014; Germany 23,81; Canada 81

The Montreal Curb Market

(Cmadlnn Press) Stocks

Bcnuharaois A . .- llritlsh Am Oil ...

(‘anndn liiait Ills Corp-Sea . . Dom Store-e ... ..._

imperial Oil ... ... Imp Tobacco .. 3-7 Int Petroleum liioss Mines Norandn ... Sherrltt Slscoe lillncs

Walker, Hiram . .2

Canadian Gov’t. Bond Quotations

Bond

Do of Canada Do of Canada Du of Canada 0/9458 Do of Canada 4 ~50 Can Nat Rlyl Can Nat Riys 4 4'15 ... Can Nat Iilye

Do Can Nat Serv 5-41 .. 100

NEW YORK, Aug, Iii-Cotton N‘ turca‘ closed steady; - Jan, 770: Feb. 707: May 804: June 8i . Sept. 740; Oct, 764; N

iiei:_ middling 760. Liverpool: C tton, spot in limited demand, Prices i0 points lower. Al!” erlcan middling, middling 0,20; strict middling 0.70; strict low middling 0,60; W dllng b110- strict ordinary , ordinary 0.00. ’ '

D , 700-71 i

a

a rnrc performer, at 32%, “Dial/L B. C, Power at p idaiéd Smcltcrs which lost

irregular.

593-34 . . . ISM-Ii‘!

784 ; liar

Commonwealth countries should work in the direction of adoptin,

S. uniform standards for agriculture?

products which‘ most rapidly lend themselves to standardization, de- clares the sub-committee dealing with thirsubjectl It refers to a suggestion that the Uniiccl King- dom might legislate to require that all wholesale trade 1n suitable com- modities, (eggs for example), should be conducted on the basis of Com- monwealth standards. This sug- gestion. the sub-committee states, should “be furthr exploredu" The standardization of containers is highly desirable and should be made the subject of further study. Consultation ” ‘ various in- dustrles indifferent parts of the Empire, with a view to determin- ing the extent of cooperation which might be established, is ur-

dustrial cooperation. Governments concerned should assist such con- sultations. ,

The sub-committee on films arid radio emphasizes the need for con- tinued development of radio and film facilities. A‘ special levy upon the renting value of all foreign

committee, but is not actually re- commended. Cloeer contact be- tween Empire products and cen- sorship authorities is urged. The sub-committee also suggests that those countries which levy a duty on films should consider the possi- bility 0f admitting free a. single "positive" of each Commonwealth film free for thirty days so that exhibitors might look it over. Closer ‘liaison between respon- sible bodies controlling radio in all ports of the Commonwealth ls re-

states, "would assist toward the ideal of insuring hccessibiiity to the whole Commonwealth cf all material and programmes of gen- eral interest."

Montreal Stock Market Quotation»

(Canadian Press) Stocks High Low Close Bell Telephone .. 071,5 07 97

B C Packing ,. 11,5 ‘Brazilian 01$, ‘l0 B C Powcr A .. .. 23 24 B i’! Power B .. ... (l 5% II (‘an Car Com .. ... til-Q (‘an Par l"fil .. ... l5 141.5, 141A Can Cement .... 5 4-3,’, ,5 (‘an Cement. Pfd ... I17 Can Ind Alcohol ,, 21/‘ 2 2, (‘an Ind Alon B 11A '5

(‘an Sit-mu Pfd

(‘an Pacific .. Sons gmcltlnfl .. 75 .

nm rlrltlr 18!! 181-’ l8, Dora Stccl Coal n .. J " 2% (Iurds .. .. 12 Ilam Itrldgo - 4 Holl Gold Mines .. 505 Int. Nichol. .. .. 9 8% fl” Lake of the-Woods . H 7 Lindsay Co 2% bin-soy Harris .. .. 4v, .\icColl-I-‘ront 0% no; 01/. Mont Power 34 33V; {i4 iiiont Pow 3% dch . 40% 40 40% Nat Brcwcrlcs .. .. 17 1014, 17 Nat Sit-cl Car .. ' (m, Power (‘orp (1% 22cm?!‘ Power . < 13 - aw ll can .. .. .. 140’ v l. Stool of Canada ... A H" 1;‘ S of Canada Pfd .. 95:11 Win Electric 3

BANKS

Commerce . Montreal

" 10o 101 109 2412 . . . 1111

BIRTHS

Nora Scotla Royal .. ..

DRISCOLL-At, the City Hospital, June 18th, to Mr. and Mrs. Joseph J. Drlscoll, Mount Herbert, a son,

MCLEAN~At the P. E. I. Hospital, Aug. 16, 1932. to Mr. and Mrs. Cleaver McLean, 820 King st, a son.

JUDSON-—At the P. E. I. Hospital, Aug. 18th, to Mr. and Mrs. Gay Judson, Pownal, a daughter. i

STEIINS-At the P. E. I. Hospital, Aug. 17th, to Mr. and Mrs. Jack Sterne, 34 Kent St., a daughter,

DEATHS

1082, A. R. MacDonald, ag 66

m years. Mineral Satiuxlay 1110111111‘

to Vernon River Cemetery.

_________.____________ vlsrrons r0 bxnrnrrroiv ac. oommodatcd at 157 Prince Street.

eur-s-io-u.

WANTED-MAID FOR GENERAL‘ housework. Apply this office. 8123-8-10-21

WANTED-A MIDDLE AGED W0- mm to help with housework. No

children. Country wo-“zm pre- ferred. Write O Guardian. - ~ iiifll-ii-il-Il

-. urn... than =1-

ged by the" sub-committee on in-

m°5i any other in the province. that they have not/been lax 1n their duties is evidenced in the well kept school grounds in many parts of

the province. Public health to which

ent 10w prices have bad e detrl- they are now devoting their inter- mentai effect on business generally. 95$. is one to which they have ai- andas a. result of the small pric- ready made a. great contribution.

es received 135i; year a much, smail- their further efforts along this line,‘

er acreage is under cultivation this offers large opportunitles- for social year than m 1931. The acreage this service within the province.

year is 18,400 against 24.900 WW5 last year, and the acreage "T! 95 high as 82,000 acres in fonner years.

The fact that this organization has grown from. one to seventy in twenty years, is a guarantee of the

The outiocg m1- the yield Per ecreisood which it. has accomplished.

is not expected to be up i0 1N9 Yell‘. , owing to the fact thflt l- min" proportional amount of 1mm!!!‘ per acre was used thim 1n 101m" years.

The total number of certified potatoes shipped from the nwvlnw lust year were 2,271,648 bushels. The number of car loads of Will-fies ferried at Borden last fail was 1659 against 5588 car loads in the DYE- vious year. The number of cm‘ 10865 of turnips ferried last fail was 712 while the previous year 1t was ‘i35- Number of bushels potatoes moved

From the above it would appear if we only have common sense. character and leadership to correct our business ethics where it is bad, to adhere to sound business eco- IIOIIIlES and to face courageously the problems which confront us. we have nothing to fear of the future.-

The Press

I would be remiss in my duty in closing if I did not offer a word of praise to The Press of our Province They have always been the friends

by steamer from Island ports 1885 of The Board of Trade and in all

fall was 1,381,381 bushel, previous year 2,549,257 bushel. Number ofbushels of tumIPS 1'9‘

films displayed in the calamari-i wealth ls mentioned by the sub-g

commended. "This." the report

‘Ii uni understand-nil whim "mm

_._______..________ MACDONALD-wit Orwell, Aug, 1a,

Too Late To Classify

matters pertaining to the advance- ment of Prince Edward Island, they have always given their whole-

moved by steamer last (all were hearted support. In extending this

67.712 bushels, against 174,271 bush- els moved in the previous fall.

Tourist Traffic

tribute to The Press, I know that I am but voicing the sentiments

of every Board of Trade member in this Province.

On retiring tonight from this of-

It may Surprlfie mfllll’ t0 klww- lice which I have occupied for the that the tourist lira-mo 0f the 9°‘ past five years, or during e. period mlnion is now our largest 111611501’. when our Province experienced its yielding an annual revenue of 300 greatest prosperity and its adver- mlllion dollars. OI our exportable sfgy 95 well, I wish to thank the commodities, only wheat and p800!‘ members for their loyal support. I rank with it in importance» 11nd realized from the first; my inability wheat which until 1930 stood first, to fill this office as it should have was in i931 less than half the value been filled. I am fully conscious now of the tourist trade, thus the .711‘ that it was your willingness to over- visible" export represented by the look the faults and the many other tourist trade. l5 B- favilrable balance short-comings of the occupant, that which helps to maintain health l" has made the task less burdensome our outside financial "lafimls- that 1t would otherwise have been.

‘Travel by automobile has overshad-

Let me in closing, quote the words

owed all other forms. It is said that of men in former days, all of them travel bet-Ween Canada and the were recognized leaders of ‘their United States by automobile is generatmh It w,“ thus be seen greater than between any other two that m other periods of the w9r]d‘5 countries in the world, and this l5 history, men were driven almost to not surprising when it 15 warmth the point of despair, and it 8009"‘

that one out of every five of the

‘ed as if the world was coming t0

population of the United States i5 m, encL

the owner of an automobile and one out of every i791‘ in can’da'

William Pitt said: "There is

scarcely anything round us but 11110

Consequently the tourist traffic’ and despairg- -

ha; become our leading industry;

Wilberforce in early i800 said:

and may therefore be crowned‘ “He dare not marry, the future was Kins. and Prince Edward 151"“ °i' so dark and unsettled."

fem w the visit“; tourist, fl Wéfllth

Lord Grey 1n I819: "Believed

of attractions possessed by few everything was tendlns 5° a °°!1' countries. There is the scenic beauty vuisiony

and the BIB-nae“? °i m“ “"81 Seen‘ “The consumation of ruin that is cry. lakes. river and “Yes” i“ gathering about us."

combined with our wonderful sea

Disraeli in 11149: "In industry.

beaches which cannot be excelled mmmEICC and agriculture there

in any part of‘ the world, it surely lends to Prince Edward Island B-

wus no hope." Lord Shaftesbury in 1868: “Noth-

charm and a beauty all its °W“- and mg could save the British Empire

those attractions should be capital- ized by u. to their 11111651 em“- Another added feature of this tour- 1st traffic, ls um many quiet Pam 01 the country, have been twill/BTW‘ into centres, where the lYlWYQhEM° of ideas. 0910M“ "d cuswms lead t0 a richer intellectual and social life far all concerned, and the mut-

from such contacts. l5 an lnvalu‘ able source of national and inter- national good wlll- _

While we have no definite meal“ of checking up the number of tour; 1st; gaming to our Province an comparing with that of former years, we are incllncdtobelieve that the comparison this Vet“ Wm measure quite fatorabiy with Other seasons. For instance the 110mb" of automobiles arrivinE 5-i- Bilrde“ in June thil Y9" Was 612, Wh-ii-‘Jl compares with 618 lest V981‘, l“ July this y“, ma. number was 1181i, against 1409 1n July 193i.

Fishing Industry

The total catch of lobsters for this season shows a very WE‘? m‘ crease over 1901. The total “I15 season is 111114.100 lbs. cOmPBWd with 5311.900 lbs. last rear. W"! an increase for the season of 2,- 412,900 lbs. 1

The catch of cod owing i° u“ low prices offered is mlwh hem“

_ from shipwreck."

WINGING

fContinued from Page l)

Weather conditions were Perfect-r better the flyer said, than he ever expected. There was a light West- erly wind to the middle of the At- lantic, he was informed, and from there on a tendency to easterly winds, which would be in his fol/OI‘- There was little fog.

The flyer had encountered. con- siderable difficulty in dbtuilllng permission to attempt an ocean flight in such a small plane. The British Air Ministry objected, but he strengthened the wings and or!‘ ued that he could carry enough gasoline to fly the distance half over again without refueling.

Before the take off he e-Sllmflied he would need 23 hours to reach Newfoundland, which would P!" him over land sometime between 4 and 5 o'clock, EST. tOmOIIOW morning. If he holds to his course the first mark in North America he will pass over will be Heart's Content, Newfoundland. The name of the ship, which has a Bull-fling silver fuselage, is “The Heart's C00- tent."

I-fe planned to refuel at Harbor Grace and COfliilllllg to New YOTK