t-im

ADVANQZING your ‘AFFAIRS

The sirn of a trurtcempauy i; to ma" .

, service which will rnake easier the manage.

rneot oi the lodividualb aiialrr and protect blah-dil- end mam. n. on. end u has

_ _ multiple iaciliiiea—ior the drawing up oi will: and trusts, for real estate management

tor the supervision oi investments, for the’

» Grain. Market

list Job, NJ. .' P.1d.

registration and transfer of agcurltles, and the protection oi valuables. A

TAN EASTERN "nrusr Company

Heel on». HALIFAX, us. Measles, NJ.

C. N. B|$$ETT¥Managm Charlottetown Branch.

-':/-7'7~7‘-/3'7-73/3/7-‘/‘-/‘/L' r/‘f/ao/Jrfi/JY/xnxr/o/Y/r/h .

Si. John's. NH. Neebeel, Oee.

( l

MARKET

By John L. Cooley, Associated Press financial Writer.)

XE“? YORK, April 20.—Attrition of

GOSSIP

American Telophonlc. whose next dividend meeting comes iu the latter half of May, let a new low at 00%, but cut its 1% point decline to 5i.

WINNIPEG, April 20.--European Purchases of Ca an wheatthrought the market out o a one cen decline .' at the opening to close unchanged to

‘,5 lower for the ds . viral of export

trade on the brca at reports or moisture relief in United States drought

areas 5nd rain in the Canadian west. i, May and July each closed Unchang- ed at 50% and 02, respectively; 0c- _tober epsed ‘A to close at 04%.

| Export illllé,'lllllt overnight, took

s. big spurt during the morning ses- sion with estimates ranging around 750.000 bushels with tirtber gmouuts worked from seaboard. The best ex- port trade in weeks had been worked on the decline.

Trade was quite active throughout the entire session gvlth local spread- ing from May to July. There was conside “ buying tor New York account. Bro rnhnll expressed tho 0p. inion that American holders were n-

fraid of llin deliveries and were ll- quidating n anticipation of these tenders.

Crop reports indicates the bcst cou- dltion as to moisture in the Canadian west this season.

Cash wheat demand improved n; frnctlonaliy better spreads forced ii. uidation accounted for breaks of three and seven cents respectively iu rye and flax sftc-r tho opening. Rye recovered u good portion hut flax held to the low points at the close.

quotfiadt vtelares cgntlqueddin thzhstock slilOBd breaking par the stock has re- cLosE

e o aY earn o i - h tt ,

llllgtrial averige to ll‘1lE\VwIlOW°Bll1lll ggilleundeerer "ollfloilt cgllllléelall 1.30:1’: MlQZhfM-u" 59%: July 617,412; 0c: completing cancellation of alns palu- Consolidated Gas and Peoples Gas sl- o ‘i’

fully made by tho rails a the inst so hacked up. CA5“ PR

fortnight. Reconstruction ilnnuco corporation v ICES

1

enough c ange in volume to he signifi- ' it. (pllzlellbit losses, but most of the day

fraction to qmlfil- The break in industrinls pull-

Uccinss were somewhat smaller than Qslsrdg ‘s and there was scarcely As usual some stocks su fcred

isusss were off only from a slightly more than a

l final level of 00 issues comprising

aid for the Frlscoe end cotton belt got little attention. A few rail stocks made new lows, among them such im- .portan carriers as Sana Fe, New oYrk Central gnd Pennsylvania. Norfolk and Western dropped 71,1, on s. single sale: it did not trade on Thursday. Notwithstanding the pessimism that prcvlled durinlt the late winter and

tho Standard Statistics-Associated early spring, only two stock exchange Tress com osite under the Apri 22 firms have been suspended for insolv- minimuln. ales totalled 1,100,000 shar- ency this year. Today's action against

0s

-rlcsn Tobacco r~rs_ Allied ( l‘ S. Steel

v»:

jun, were particularly subject to fresh offerings, although

American Can.‘ Eastman Kodak, Am.

“B"_ Lillgett and My- emical, ‘Union Carbide, . _ u Pout and General lili- ~trlcpof the manufacturing compan-

net losses in some

e member which had gqne into receiv- ership was ths second casualty. The announcement, made soon llttflf the opening, may have bnrl some effect, but prices were already going down.

WHAT THE STOCK MARKET DID

Wheat-No 1 hard 02%; no 1 flof m;

I: igqqrkliflié; 203351035231, 26m 4 50%]: 2 -* i cc - -

59%: no 1 durum 001/‘. M’ m“

Oats-No 2 c w 305g; no 3 c w 33%;

ex 1 feed 33 - 1 f - 1°"! 23: rcieZ/tcdnljfi; "fill gill/ff no llurley—-.‘\fulting grades: ii row u; 3 t! W 40; 2 row cx 3 c w 43. Othcr gnu]. cs; No .'i c w 4014.; no 4 c w IINEQ" m; 5 c W 36%|; no 0 e w 35",; track '41,

CHICAGO

CHICAGO April 20.—Active buying 0n tho par 0f houses with custom connections raliicil the whcut nrarkct i810 1011113‘ Overcoming losses which had precede

lVorll of good export business in

t t. ;‘rl\|il=nqac¢gau::i1u:|:tr1or!to"lglgzdtam t: Numb" of “Wane” I ) Frlz." T2141. g??? wlpltcr wheat from tho United 121-’, which bespoke the market's npin- Number o declines. . u-I 370 ‘i0? stln ml’ tl a first In three weeks’ Md n ion that nether dividend cut wsl Stocks rmchangcd "it": 1'30 -.a'lll.-'u“.n"§rilillli..f"ll“i““°°m°“’ or a coming. ntional Lead slunuwd B. Total issues traded ... .... 587 403 vrheut was also llyliiténllirlzlllilfllllhty ‘I3 strength. ~‘ _ _ 500 St Anthony ., 00 00 00 Wheat closed irregular, I/ oft r0 1/ M’ ‘ Ex h .122 ssigzlsg" - .2 a f3 . , ... e ‘ is ' . ll '

a C 1000 Teckhughes . 305i 350 305 lower. ‘and provisions vlu-“vlll? fling‘: l ‘l5 15 12 cents decline to a rise of two cents p .. - .. '

glfilvxrl hthar . ., 230 230 230 BONDED TVHEAT TORONTO. Ont, A rll 20.-,\[lnip Total sales 201,000 shares. NEW YORK N. l‘. n __

ll B r . April .0.

pair's close; _ Bonded wheat closed firmer, 1000 Acme Uh LISTED rlfiw rxiznso 11300 Alex 4° B A 0|! -.. 5.3;" fir; 5.09.12; - 1000 (Yon Man .. " 0110M

3875 Eldorndo 400 Hudson Bay ,.. 307v Imp i . 1002 Nichol . . . 100 int Pole

mo \\'lrk mid '_ 24000 llclmod

F0 reign Exchange

Ill n0 Buff Can 2 , - -- :.00 Calmont . .. . 04 04 04 15°" lfowm" . z-ouchlhoug 04 04 04 1"°""1°" "l"? . - - colonial-la . , 04 o4 o4 30°" Vfliili"! , , Dome m5 9-"; D75 MObTRloAL. Que" April 24. (By the \" Wnrmgo 70 70 7o gun]; Canadian Prossl-Brltlsb and foreign 3000 Fcd Kirk _ 02 02 0:: noon n. r ‘ 0 M fizfgqusggiu rclufiloili the tag‘ Conlaulaq m" Gr "Bu," f“ 7 71 77 a om uxn . i n; , , comp or y rc oyu 317"?" , ‘so H, K -000 mo" Luke 0m, 01.4, m,‘ Bank of Canada, closed today as fol- c1500 u2wé‘.“f..' 2s 2111}, ‘L2 10001-10001» . i’. M M 2"", 3m) Kmley ._ 21 2‘ 4900 lwnra’ 01% my my, Armin Ina peso _.. ...- ,.. ... 0.2800 300K,“ Lake 3, m, 34 .100 Kirk row-n 991/, 0912 my, Ans riliia Ililtllllfld .. 3.28.14 w" Lukalunu _ u H H 3000 Lelrcl Oro ....- o3 03 o ustrn so illug not quoted mo; k n .. q ilclclum beige . 01:10‘! ...Nm\i"c° 52mm ‘m0 '09," '02“ _ Ilrazll mllrcls ..... 0.0772 30'" 3130011- I 0P1; 6i of? wmaN nssuzanou COMES glihillmilulf;1'E3lu{“IlI.'|l£'-. ...: our. ltlclhtyro 155.10 152s 10-0 v h 1 ,k| ‘.500 “eh-why m, no _. Dace oskovn u crown .. . y." M‘ ‘n m ,., 7r enmnr krone . 5.5-1, ,,,,'},,,f§;',',"_ ,,,., 0,; o, ' ‘Unsuccessful Author-Aficr my {jlr-Alrfc-Lu far-fartin- gil" 1,10" u‘! 81 Ii’! death the world will realize what I 0......” relchsbial‘ l§zvlffrfsn ‘ 141;?‘ have done Great Britain pound . "550 Pen,“ 0“"_'__ .' L‘ 15 l?‘ s m‘ u n‘ d n d m grqll-colilfincllimu .uot quoted 4 r 3x00 Premier . 4o 4o 4o ymp“ e ° e“ “we - °“ “QHQQQ, §§,,'§0",;,,t-';1u;,'.',d"' 0- 53" .000 R l 07 001,: o r ‘EH0 8:2???“ m M, a; wo ry aboutit, old chap. You’1l be 3,51]... “L2,, 2w» iiiscoe any. 50% 011i 0i’ 1181'!“ WW ihefl- Jnpfln yen"; 'jj_ Jugoslavia diunr . New zealfml pound . . ‘orwily rone We offer: Poland sloti

$1,000,

PRDlilNDE 0F i PRINDE EDWARD» ISLAND

6%

Fifteen year bonds

Dated May 1st, 1932.

Principal and interest payable in the Cities of Montreal, Toronto and Charlottetown.

i Bonds will be available in $1,000 and $500 pieces and will be registerable as to principal.

PRICE: 100 and accrued interest, to yield 6%.

iloyal Securities Corporation Limited . Riley Bldg.

l

-. --------—-

We otter:

‘iiow issue - Province oi Prince Edward Island

6% Bonds "

__ Maturing May 1st, 1947 » A Price '10'0 and Accrued Interest to Yield 6 per cent.

sauna ‘sraunmrs 00., us. ‘ raucous-rows ,1 w. miv. posses. Munro. HeedOIoe-CAINT iolmN-B-

5'

000.00

Due May 1st, 1947.’

Phone 822

ltouruauia lcu _. South Africa pound Spain pcscta ,. Sweden krone Switzerland franc ,. United States dollar premium.

Miscellenous

NEW YORK, April ‘ill-Fulton fli- turcs closed llurl-ly steady. (‘losing bids: Juli 02R; Foil li-lfi: March 042-40; April nil; iilay 572; June 570: July 580-87; Aug 504: Sep 001; Oct 008-00; Nov 015: Dec 022.

Spot closed quiet. hiiddllng 585.

\

LIVERPOOL

Cotton spot moderate lulslnoss done. Prices 8 points lowcr. American inld- rlllng fair 582, strict good middling i337, good middling 407 strict mid- rlling asr. alumnus 4st, strict low middling 4T1, low middling 401, strict ordinary 447, gnarl ordinary -il7. Rn- colpts were 15,000 bales including 0,- 700 American.

MISCELLANEOUS MONTREAL, April ‘tit-Barley,

Canadian western no 8 iii, eds Can- adian western no fl 40, oats feed no 1 30, flour spring wheat patents firsts 0.00, flour seconds 4.40, flour bakers 4.30, flour winter wheat patents. choice 230-200, flour whltu corn 4.50 bran ton 23.25, shorts ton 24.25, middlings

summe make 12-12%, huttcr no 1 flacst Mist-law, eggs fresh spacial] in cartons , eggs fresh extras in cartons 22, eggs frssh ilrsts in car- tons 10-20. potatoes, new no 1 Florida 150 pounds 10.50411. potatoes, n\w no 2 Florida 150 pnugds 7.00-7.50, po- tatoes old Que whites 80 ounds 80-40

potatoes old Que and B green

mountains 80 pounds 40-50.

HALIFAX N. 8.. April lib-Startl- nrd granulated sugar hugs 4.05; stan- augar lmrrcls 4.85: yellow

0.00: hag 1.70: 28.00: bran per ‘on 21.00: Ivhl dllngs ton 81.0’: cracked corn per corn-mil pcr ton 21.00: '. l0. l. bal 45-50; hair 1.00: bananas. '51 tomatoes (cast-s) 2n h. ' cogs fresh extras 10-20; ergs frr '1 llrsts 11-18: eggs fresh seconds 1'45; butter- creamer-y fluts 21-24: bu“cr creamcry solids 23: haddork hen ‘s on per pound 0t] g haddock hrndlw- 041/‘: market co s 041/» ‘itfirmariret coda per

: steak coda per lb.

western sows per ound 10%: small per pow-d 0; pork heavy per pound 04: real pol- ponrul 0i to ii:

t IIIIIIGIIACO kefl ham par pound it‘: baron par chill‘ “flak” s“ lvrgliud l3: Inner-gas par‘ pound l0! '- lamb nor pound ii; iurkcyu per

Halifax

-' mvw—--»-~. y

_-__

pound 21.

7 was witnessed today when

.1110: OWN GUARDIAN

TERDA Y’S STOCK AND 301w) QUOTA TI

a

llontrealiladaet Montreal ' Rev. Russell Woodside, oi Har- Slllalights Stock Market “v- "~ r u: Mr. and Mrs. W. A. Woodside, _____ Quotations Damley, for s. tew days. a. . . Messrs. George and Bruce MOMJREAL A ll Eli-A fraction _ M. but suits sensprrll. will" °""°°* Thompson or Summerside, motored the local market today, and the lads! accordingly, ragged to 110W 10W ITII- Huh no‘ ch“ l9 Damley on shimmy. 5nd ‘mind ‘fig :31;iulsfirfiiglggnegfvofflgi; 1,11’, §e¥Ir-l1_:wg-. 93a sru 855% the roads very sood. 11in ti; remit the qecldoldtilslftffall"? n c Power's .. . y‘ 11 w- e a a t c ‘ c c s‘ . ,nl,“"tho°'bdlficflf; “f,” Unmd gm. c c Foflmflyna z- 13“ Miss Marjorie McCrae has re- ies ‘suldlset sglan c ‘I {g ‘at: ‘s: Can Cement ' 4 turned 00 her duties 1n the office ' 1' I!‘ OI. l .3103", blmlezet-tel-Foscntimdnt‘ prevaitl; $3 5,3357; P“ - _ {g 3g“ ‘flit of Mr- Prerton McNutt. utter an §§,-,,,,'>_"=_,"°=,h=“"";§="§}§h"°"' C M Smelt ms a1 81v- extended visit at her home a. Bon- lnuvrllnlhid orqigkel selllared the active 3,2388%?‘ ti?" 5:‘ 1% Shaw, leadership here; and each closed with H s PM," _' 2% g not loss of 1 wvhllo other issues Ho] Gum ma" ‘so m decline fractonally included sb- 1,, Nickel .. a a Mr Hartwell Crozier scolpourter itlbl (‘olnlnon and Preferred. Braall- m,“ or ,he'wo 4% ' I 8.11.’! ma. ‘o: .3)...“ ivloogs; Ears; Mu,” Ham, 3 for the British Foreign and Home ll illl G . I G M f Hem“: 41cm; f”; M, _ M grglfuqwcr gz/z 23 Bible Society. save s. very inter- Thc “math at Avril can hfliili ‘if Montreal Tramwa s eating address Friday evening on (lPFtflliPil as n period of nu iudef 3 percent deb ___ I 4o iuita trend on the‘ Montreal market. N“ 5..., m“. _ 10% m“ 1W, his work and travels in New Bruns- as a study of the movement of the Il"*(F'°"f°"C C"? -- 55 Wick b91079 the YOURS P5013195 5°‘ “d” "M"? "1"" Tl‘°'° M" R ‘o o "N" " ciety oi Prlncetown United Church.

this month, and.ou twenty occasions tho index has closed the session low- er, with new lows~being recorded to tho point of monotony. 0a four oc- cuslons, at wide lntervall, gains were recorded, with the aggregate only 21 of a point. Today's decline of 12 carrlcd tho index to s new low level at 10.51, where the loss since March 20 is 3.52 points. There is every likeli- hood of the lndcx going much lower still

as the compilation is based on a group of stocks that includes several issues carrled_ for the purposes of the index, at their minimum level on the stock exchange, and as these are resotrcd to tree trading an ad- justnieut in price will follow, with immediate reflection in the index.

MONTREAL, April 20. (By the Canadian Press)-—New low territory was explored today by a group of is- sues ou the lilontrcul stock exchange. Trading was dull and generally weak in tone with losses outnnmhcrlng

gains by 10 to 0.

international Nickel equalled its year's lo\v at off 1,4,. on s turnover of 1,150 ‘share the largest of day. ltiontreul owcr was slightly weaker at 28¢)’, on a turnover of 1,131 shares and Brazilian Traction went to a new low at 0, off ‘All on sales of 759 siairos. Canadian lsffic Railway common touched 121,5, a new all time low, but recovered to show n small advance

was off 1,5 at 41/1, u new low.

Among issues to close fractlonally B. C. Power "A", Doni- , Canada Gypsum. National Steel Car and St. Lawrence Corporation. Bell JEABDNXUDQ

(‘anaila Cement Common and Smelt- crs lore Iractionally weaker. oTlal trading amounted to 5,414

shares compared with 7,450 yester-

ay. . Announcement was made that, ef- fcctlvo next linuduy, a‘. new -and lower schedule of minimum prices would be in forcn on the various bank stocks, as folLowsz Banque Can- uillcnno Nntionalc, 145: Bunk of (‘ommorce 171: liomlnlou Bank, 174; lmpcrlul Batik. I73; Bunk of on- iroai 105; Bank of Nova Scofla 254; Jll70ynl Bank 101; Bank of Toronto 8.

in ~tbe case of Bank of Montreal and Royal Bank the reductions a- mounted to 10 points and for the rc- rnulniug isucs ilve points.

Tho bond market ans dulhwltira turnover of $41,300. Trading in th

division was featureless. Sterling closed at 84.0041 and Un-

Moutroal dairy and produce market cheese slipped oft 54 cent per pound. The price became generally 0% cents per pound for new cheese. Lower sterling exchange had tended to soften the tone of ilie market in the last day or two while lowcr prices at country boards was also a factor. Receipts

0 were 775 boxes.

Butter and e88 markets continued tho week's upward move. Butter gained l4 cent when the range for no 1 in carlots or broken lots be- came 105i to lflécents per pound. llccelpts were 1,404 boxes. New pric- us were 17% cents for extras; 15% cents for ilrsts and 13% ccnts for seconds. Some sales for shipment were at 1,5 cent under these levels. Local upgraded receipts remained

cents under graded Qrels. Receipt! much of the arriv-

ing available spot ltock, of extras‘ light. rlces ‘Hillel tllt3l']l1\il0 market prices held steady at yesterday's levels.

SUGAR ‘

NEW YORK, April lL-RIW lull! was quiet and unchanged today but it developed that lute yesterday sales were made at concessions of a point or gt 2.02 for spots.

Approximate solos were IZUO tons, including nearly hai in exchanges. May closed 57, July 04, Sep 71, Dee 78, Jau 80, March 80.

Iicilncd sugar was pnehanged at 8.00 for ilne granulated but demand WM

light and only for acarhy require- mcnts. The Montreal Curb Market .______ Stocks High Low Close a Brew ~.\- ...» .... 5 Bentlharrrols A ... n 05 60 00 Oil ... o i... i7 Canada Malt .... 11 130m ‘Hltogu 1g‘ n10 s10 mpcrn ,.... 1 0% 0i: Tn 11 liiass Mines ., . 30 1520 1450 1:05 I 50% 59 r Walker 8 2%

3 qwalk H ram Pf 0%

Canadian Gov’t. Bond Quotations

__.-__.-

Bid Asked -.. ... liili-iii 100.15 100.45 204-01 105 100

been twenty five trading days so far Wm me

tho L‘

at 13 at the closc. Lake of the Woods G

Steel Ca of Can Pfd .- c

New York , Stock Market‘

O

Qaotatrons

High Low Close

Al Chemical ,.. ,n 55 Al; 62% American Can ... o 401A 30 30% Am Smelt Rfg .- _ 0 8V; 87/3 All] Tel Tel e.- w. 91% 00% 070i An Copper ... ...... 5 47; 4'7. 39¢)’

ll

Gen Motors ... ...... 111,5 101A lu- G Bil ... _.. 14% 13V, lZiL-Q Goodyear Rub ... ... 10% 10 101.4,. Houston Oil ... .. 12 101A 107i’, llupp Motors _.- 21/ 2 2. In llnrv . 1 17 .18 m hluich rta , u. In Nickel 5% 6% 5V; in Tele 5% 51/4, 5'11; hon Copper 71A 0% . 7 Lnnihert Co 35% {iii/y V, is Pu c 2% 21/, 2

fills Prlc Pfd 0%, hi)’; 01,-’. Mont Ward ... , 7% 7 Nash Motors ... ... 11. 10% 10% N Y Central ,-.. 181,5 111,5 111/,- l‘uck olltors .... ... ‘.3 _ l‘ur Publix ... ‘A 3'5 l‘ s of N J . , 4E: lladio Corp ..., ,,,. 4% 4 4|‘: It K ... ... ,.. 3%

Sears Ros ... ...-... South Pnc .. .... Brands

Stand

N G Elec . S 0 o! N ‘Pexas (‘o .

New York Curb

High Low Close 2%

Am Cvan B ... .....

a s Powel- , . u. As Gas Eiec ,.. ... 21A 2 21A Cities Ssrvlcve Co 4 3 4, 4 Ocfd Cor ,.. .. ... 2y, l‘ Bdflh:r%...d. A, l3 12 12

‘or v Ina- n . W. '1 7

Ford Motor Co Ltd d 8% 4 Gulf on c ~ 23 l! W G ’ 31%, Imperial 70¢, in l’ rol 10 10 10 Mid West Util y, 1,4 Niagara Hudso 4 4% 4% S 0 of Indians 10%, 157; 15% U L Power A 31/,

T0 THE GREATEST NUMBER

“I really flank you ought to pub- lish this poem in Your Diner." "why so?"

"Because rm an old subscriber." “My dear sir, we have a number o1 other old subscribers. Their ieel- inga must be considered."

Set no limit as to Che power Truth may have over others; let God set the limit. No man knows what can be done for a man.

Monday evening another enthus- iastic meeting was held in the hall regarding the rink and matters per- tsinlng to it. Mr. Frank Beairsto presided as chairman, Mr. L. D. McNutt, Secretary. The following persons were chosen as collectors: For Malpeque, Ralph Beairsto, Charles Champion and Frank Besirsim; Baltic, Roy Woodslde; Hamilton, Kier Woodside; Dsrnley, Frank McNutt. About four hundred dollars will be needed to finance the work, and this will be raised by subscriptions, socials and suppers. The rink will be for the benefit of