AUGUST 5,1935 c

i” MARKET GOSSIP

(n, Jnhllliflll Ward's Special

. rnu smarts‘: Lsrrraa

‘ilig-"xiurtg, N, '.. Aug. 20-M- mtpigii tlrsi-c was sufficient strength soiut- of the leuderii to close the 1"“, _,,,,,..,. lndirstrial average near-- UP“ pi; at up for a new high, the l) 4m as a whole \vas irregular. The ‘Hilliard-cs centred largely in . the ‘Sh. uietnis arid specialties while ixiri-i-iiruzrl changes were shown else- lhpr,“ 'l‘lu-. Rails liavc not shown iuxrcli rallying power since Monday‘! .‘ll.i1(lli anti the utilities have been ma». the luflucircc of the uncertain- "mi ,..-..,- thc passage of the Hold- flf ,.,,,,,,,,,,,, Bin, A victory by the uliiliiziuiatration could have an adverse

4h... till the markct but the out- look for full business remains suf- fivieiitll‘ favorable to ho a strong

. 1| acriuus ilecli;c.

b“ w Lniiilurv and Company.

NUMMABY

' N. \'., Aug. fi-tlold s... qiintcti iu London at iios ma sgalust lids Thursday.

5......“ passes Giiffcy Coal Bill. “m, y i-pr loadings report around 1g 3n p_ in. today-

Brokers loans by members banks 1.. New York City for thelr- own ac- roiiut in neck cutled Arig 21 declined $._.'...|o_ont) tu 871.000.000- viiln of 210 to l-lil \'otcs its ronfcri-cs on the litlliy Bill to "prtllll the Barkley Compromise on iliir "ilt-ath scutcircs."

('l'|li‘i|l1(‘ Sir-cl (Jo six inonths to linn- an net profit equal to 81.8.7 s share on preferred against 828.5 a rlairi- un preferred in like 1034 per-

1 i. .

mppily Avcriigc volume of Reserve Bank credit outstanding during ,,.,...;,- untied Aug. 2i was 82.477000.

\|[t Si.(l(l(l.0il0 ovcr previous weck and ilIi,00iJ.U00 nvcr a. year ago. ' Hilpfrliii‘ (fourt ..lustlco lcLnughlin lu Brooklyn tienies two injunctions siiiizlii to prevent merger of Fox Fllia and thc 20th Centpry Pictures

i‘.

.-\lli\‘I1(‘r'iii liome Products Co ist halt 103.‘. i-nzrcd 9'.’ rents s share vs 5i l0 s ivlrarc iii like i034 period.

'l‘hc liuusi- without a record vote pssscil tho "Croyseu Bill"'to impose

g 7 pvl’ cent tax on Railroad pay- .-..11_.. [Ii fiiiiiiicc the new Railroad

iioilioineut Program. High Low Last UD 3n liiil - - - 120.49 121.33 123.52 0.86 it) Bonds -- ' 08.40 0.05 lllgh Low Last Off 2i) R011! -- 110424 311.24 35,71 0.01.1 2i) L'til ---- 27.74 20.73 21.01 0.06 Dow Jones.

BANON SAYS

,\if).\"l‘iiEAl.. Qua. Aug. 23—Stecls and specialties li-d the iuriustrinls slightly higher yesterday while Balls and Yiilltics rigged friictioniilly lnivcf nu lire day. Yesterday's ‘fur- iip-r recovery in the industrial div- isiou uas not particularly vigorous snti dot-s not alter the prospect of some fiu-‘hcr correction from the eur- rrnt area. If you hays not already iifllli‘ so, I suggest that you use fur- Iilvl‘ sircuirth iii tlic lndristrisls as a. opportunity for accepting half _...iir profits. Retain remaining pos-

itions for the present. Rails remain bullish in their

HUI.-

irs retained. Iiiska on nra long aide are relatively low in this division. Utilities continue to hold well but any strength which nrsy develop as s result of the compromise on thc Utility Holding Bill might be used for accepting partial profits.

Lake Shore and a number of med- ium priced-golds were pressed for vaaie yesterday. The ‘gold index in Toronto closed shat-p y lower, There is little doubt that the decline in Gold shares is being resumed if s fairly active sale and that further liquidation in general is likely to he soon before the selling has run its course entirely.

BAKING LETTER - Thursday Evening

NEW YORK, N. Y., Aug. Wheat closed a cent lower and coru about half a ccut down, would leave than-alone. (‘otton closed practically unchanged and if you took profits on yul- first lot. on the recent bulge as advised. sell out your second lot on any fair bulge also. A few nrarc of our predictions came true today. Dongas Aircraft, which l told you two weeks ago would resume divi- dends this week, declared 75 cents this morning. lt did not respond to this announcement yet, but I would keep long of it for a few points

more. - Col. Pictures on which ire took an enormous profit of at leaat 10 points on the long side and which i told you tu sell short around 70, on which sale you took anotsr profit of a or 0 points when we yuid you to carer shorts around or hciow ‘ll, but not to go long till it went to 65v hold at no today. you can start fluylug u little around 85 and more if it goes near

03.

Fairbanks liiorse closed at 25% and should sell near -i0 this year. (Jase Threshing which l told you Monday to buy near (l4 for s new high, anti which went to 6-1 Tuesday, when my bullish advice was repented, .sold at 11% today. sell out half around 74.

The tractions, of which you should still hold half your line, as I did not advise selling though stating a few dsys ago that they hnd done enough for the time llclni). resumed their moves today. Unification should be- come s fact within the next weeks, in which csac they ought to sell 8 or '10 points higher still. hut that does not mean you should start buylug on

Banoii.

1m

this bulge. Would .huy Seaboard Oil on a dip, Pullman around 4i. Bohn Aluminum l\~low 4 Amrr

smelting below 44, Woollen pfd ral- lied_ 2 points to 48, closing at 41%. l expect s very large advance in it and do not think it will this week's low again. but cvcn if there should he a general shake out and if it should go a point lower still. it would not change my con- viction that you will get at least 85 for lt within six months,

Phillip Morris sold at 401.4 last month and l told you then that I doubted if it would ever break 48. After it rallied to 50 it cams back ag- sin to 46% on Monday. hut today (t got up to 40% closing st (8%. My

still

ion and existing positions may

epestcri prediction, that you will get atlesst 70 this Eail still holds good. v

Baring.

ililvrtising Rates-Payable iiiliiivancr

(‘rnfral Guardian lllflll. 4s rpn ward) Western sad Iaaoara laesls, la

ner Inrrl- Aslrrouneamalifa all 00mins Innis tlcea.

ls per- srnrilr In llsmorlan Na Spiritual Offerings, Cards, Q11.’ ‘a

sord on." rates on sppllmtlan

prr wordi lllscallad

ll w: incl: Uses or Ilorai and

l IQ”?! f 0 Q l . per lnohr Noflrea a4 Tlralhl and 70s. it l:6nI“.-“‘ 1M

drlmll

rrialmum Charga far say dramas-sac twenty-live aaaaa.

ggpgrlgirs Wanted

5'1‘ U D E N T S ACCOMMODATED near College. 237 Grafton Street. L-Mlil-ai.

STUDENTS ACCOMODATID, $4.50 per week. Apply Guardian. w L-82l8-8-22-3i sr u o n n r s aocomronarsn. Also bed-sitting room. Apply at guardian. 15020-61. STUDENTS ACCOMMODATED

ncsr P. W. C. Apply 308 Kent. _._ _ P-Eiiii EITJDENTS OOMFOII-TABLY AC-

commodstcd at 106 Hlllaboro St. L-B362-8l.

Togbet

m, LET -- rrousn. APPLY 12S xii... pt, n-aziii-s-n-ai

to tar-consort wrru GAB- Mic. Apply 53 Elm. Ave-

__ L-9367-8-24-3i

T0 RENT - FURNISHED HOME. Will rent for winter monthaor as desired. Good location. Apply Guardian. L-DIOO-l-N-Bl

>i—"'.._

IIOUSE T0 LET-Bl OBLIBAB-

All modem wnvenienocs. Apply a1

Oricbsr.

saieg He[p__ ill-ale or Female

WANTED - AMDITIOUS fzALEa- people, msa and warren. spare time. to handle our line of Per- sonal Christmas Cards, featuring the‘ following outstanding items fourfold pastel tint parchmants, gravure etchings. many cut-out style cards with tip-on pictures. atraotlve calendars. humorous earth, envelopes with wallet. riap style, fancy lined and decorated to match cards. Elaborate use of gold and silver designs with bril- liantly coloured inserts. Dainty

. initial cards that are new and dif- ferent. Seventy exquisite numbers to ohooas from styled in case form equipped with handle. Prices start at one dollar per desert Liberal commission. Write Premier Art Guild,- 202 Castle Budding, Mon- treal. » N-sasa-a-io-ti. 9.10.

Male Help waned

APPIINTICI WANTID 1'0 learn Barber ‘Prado. Short Course expert ' ' . Molar Barber Col- lew. Halifax. av-aas.

WANTED - THE SERVICES 01-‘ A first class experienced caretaker for- large Ibx Ranch. Must be akigia. Good wages. State by letter qualifications. Applications will be held. strictly-in confidence. Loo

L-DSIl-Si.

go below ,

rrmk. roar. onies Box t. ousr-flgfltl Qllg-[PQ -_ _

visiriiiit incii iiirftii iiiiilllllilNS

Corrected For Every Wednesday and Saturday Issue

rnonvos Oats .. .

Hay. loose civt Straw, pressed cw! . MARKET

llTAll. Celery bunch New potatoes pk Tomatoes . . Rhubarb lb ..

Blueberries qt (‘auiiflorver ear Onions lb . Beets bunch Veal ll.

itoiisr lam-f . Stew meats .. Fowl - - - Broilers . Lain!) lh Carrots lb ..

adish ,

Mint. . Turning hunch Spinach .’i lb . , . . . . .. Parsley hunch

Broccoli . . Peal (it . (‘ucumbcrs ‘l to" Butter Praam Eggs don . . . . . . . ..

FlSIl

Cod lb Mackerel 3 for ..... Haddock lb

IV. Y. Stock . Exchange

so s...

7C

n.- see-

(Quoiatlons furnished by Johnston and Ward, llelnhars of Montreal Stocks Exchange, Montreal Curb

Market. l6! Richmond Barret. Char- lottetown.) - Stocks Opened Last ._.___

Air Reduction - 7- - 1.42% 142% Allegliany Corp - - 25% 30% Allied (fllelnivill - ltili-lfi 1B1

Allis Chnliacrs - - - Atlantic lit-fining - - 2111/, 28%

Auierlcan (‘an itlS-‘ii 138% Am Car l-‘ound - 22% 22 Am For Power - - - i.“ 71'. Am iloconiotirc - - ltiIA. 10% Am Pow l.ii:lit . - - 7 7 Am linrlintnr - 177,} l8 Am Smell. ilfg iii/Q 451/; All! Sugar - - 5i I14 Am Tel vi-i - - - mu 138% Am Tob B - - - - lul 100M An Connor . . _ inv, 20 Atchison - - - - 307;, 51% Auburn Auto - - - - 3.‘. 31% Burn A - - - - - - 101/. Bald Loco - - - , - 21,5 Bait Ohio - . - m1’. Ben Aviation - - - 10W. Beth Stccl - - - - 387/; Boigs - - . - - 445g. Byers A u - - - . my. Burr Add .\1il(‘1l — , l8 Continental till - ' , 2'.‘ (‘an DI‘? Gin .\lt\. itl lDlfi (‘an Pntrlfiv - i011; i174 (‘are 'l‘uri-,~ui 14w, 133i (‘cl Corp - - ~ - - 27"; 29V; (‘our Sou - - - - '."_, 2% (‘orig Ntrlru - - - - iii 461/4 Phit- North - - - ~ 2,. 2%. (‘hrysler .\iot - - - 501/4 00% lfoiiirnbiir (‘nrb iK) 80 (‘oi Fuel iron - 2%. 2 Colum tins lfilcc - ll 11% (‘our Sol - - - - J-‘i 10% (‘on Gas - - - - 31% (‘on Oil - - - - - - - W: (fou Carr - - - - - - Si 84% (‘Corn Prod - - - 071-’; 07% Dcl hind - - - Ii.‘ 33 l7 i Dripnut - - l1.’. 110% i-last Kodak - - its 148 iiliet- Auto Lltc (‘u - - 20V; 35H Elcc i‘o\v Light - - ~ hi4. 5% Eris - - - - - - iii-g 121/; i-‘irst Natl Stores 3i .'vl Gen As|)lrrilt - - - 211% 203/1 lien Eli-c ~ - - - 31% 31% (len Foods - - - - Jl-(Pifl Mill Gen Mot - - 42 43 tlold Dust -

(loud Rubin-r

Goodyear Rub

Houston Oil‘ -

i-lud .\lot - -

lirtcrhorir

nil liar -

intl Nickel -

Intl Tel - - -

Johns .\lirn - -

Kan (‘ity South

Kelvinntor - ~

Ken (foppcr Lsmbcrr (‘u - . Liquid (‘arhnuitv

Loews Incorp - Loose Wilt-s Bis Mai-k Truck - Math alkali - .\iiss Kari - -

Mt’l." -Stocwk, Exchange

_ __--_. (Q tatlo frrrnnheil by Illilllfllb £31018:- rnenrberl of all .195‘

took Exchange Mantra! can. Market. rsa arcs-ions siren

‘lhariottclawnai. i Bsthurst A - - I Bell 1w ~ - - "ill/z Brat '1‘ l. Pow 7 n c l‘ow A 33% u c i‘n\v . - 3% Pair Car Com - 5% Brticlt Silk ~ 1'! (‘an Cur pfd 13:2 (‘an Cel com 113 (‘an (‘era com 514 (‘an Ind Al a - B). (‘an North Pow ‘-‘ r (‘an Pat: - - 11 (Ions Wrrelt - 173 Dryden Pap - 4 Dom Bridge - - - 20 ’ Dom Coal pfd - - - - l4 ‘ Dom Steel Coal B - - 5% 5'4 Dom Tex (‘our - - - 677s 07 (ion Steel Wares ZiVs 3% (inrtlu - - -- - - -- -'-'. 5% lloiv Siuith Pnp - - - 19% 9% lluiiil Prod - - - - 30% 11011 (told Mint-ii . . - i200 l iiiti Nickel - ~ - - 39 39 \1(‘i‘oil Front - 127;. l2. \lnrit Poo - aw, ‘wit. Sail Brew 717 35% St linw (‘nrp - llll lib Shawinliznn - - - - ii) 18% Sher “'11 - - - - - 12% l2 Steal ("o (‘an Cora - 405'. 40% BANKS '- iunrcrcc l-ll Montreal - - - - Nova Scotia - '- - - - 2L8 oysi - - - - - 144 Bank of (‘an - - - - 53%

PRODUCE

(Canadian Press)

MONTREAL, Aug. ill-Butter and cheese prices ruled firm on Montreal dairy and produce markets today while eggs were barely Mendy, Pot- atoes were s little lower.

Butter was-NM to ‘Zr cents per pound for no l in z-arlozs oz- less with iota to retailers selling at 21V; to 22 cents for solids and 221,5 cents for prints. Arrivals totalled 112 boxes.

("been was 101.4 to 101,1 cents per ponnri for no i curicnt Onlarios and 9% to 0% cents for no 1 Quebecs. Receipts were 4.886 boxes.

Graded shipments in csrlots or less of eggs were 27 cents a doses for A-lnrge. 25 cents for A-nledium, 21 cents for B, and ill cents for C. To- tnl receipts were 1.057 cases; -

New Quebec potatoes cased to 30 to 3.3 cents per SO-pound ‘hag.

EXCHANGE

(Canadian Praaa)

IUONTREAL. Aug. ‘Elk-British and foreign exchange in relytion to the Pannfiisn dollar as complied by the Royal llsulr of Canada closed today as follows:-

Argcntina peso .2697.

Australia pound 3 0800.

Belgium hciga .1602

China Bong Kong dollars 14007.

Denmark krone 2227.

France franc. 0664,

Germany rcichsmsrk .40t04

Great Britain pound 4.0875

lndlir rupee 3701.

Italy lire 0M2.

Japan you .fi2.

Jiigoslavia dlnar .0231. -New Zenlanti pound 4 0200

Norway krone .2 .

South Africa pound 4,02%)

Spain pest-tn .2570.

Switzerland franc ,8277. ‘

Fnlted States dollar. 1A per cent premium NEW YORK, Aug. git-Foreign ex- change easy. Great Britain demand high 4 01%: low 4.00%: close 4 071A: no day hills 40.7%: France 062%: Belgium iii 98; Germany 40.27; Carr. ads 00 26-32,

New York Curb"

_.._x._ (Canadian Press)

Stocks Class Am ("you B - -- . -- .. - - 237a Am Gas and El - . - - - ‘.137; Am Sup l‘nn~ . . . . . . . 2% Arias (‘orb - ~ - - - - - l8 Can Mar -- - . -- ,-_- . - - r (‘it st-r - - - -- , 25g El Bond anti Nirirrt- - _- - 14%| Ford Ofviqflll A - - - ~ 27K Gulf (ill l‘ou - - - . . - - - 94y, Hum Oil Ref - - - - . . . 53% imp Oil - - - - . - . . go int Pct - - - - - . . . . 3n NiagHud -- - --.-. . 19g St Oil of Kcu - ~ - - - - 2i Un i. and rs . .. . . . . at‘ [In L and l" Pfd - - '- . . 155‘ 1v" uscellaneoua

i (Canadian Press) .\l0.\"i‘liEAi., Aug. 23-

AMa meets ‘A t A A Glance

(Canadian Press)

I [oronto and Montreal-Industrial stocks irrosuirriy hiriier.

Toronto Mines-Golds higher; bass metals lower.

New York-Stocks closed higher.

Winnipeg-Wheat up about a half

cent. NevnYork-Rnhber higher; cotton, sugar and coffee lower.

A ' MINING

(Canadian Press) TORONTO. Aug. 23—The gold atocks t-arnc back strongly on the Tomato rii.ning market today, acv- eral oi tin-in gaining more than they

lost ...t- previous session. At the close t-aclrsnge index for the group \.2l.i up nearly tvp points lo 08.00, iirupiired with 00.70 at the close on rhursday. ProQLt-takiug in the busu metal group entailed mod-

erate recessions and a loss .64 to 05.01: nus recorded by the miscel- laneous inlnes index.

Iutcrcsi in thc yellow metal alnres centred iii the secondary issues, in- cluding (‘eutral Patricia. God's Lake Llacunru, Pickle Crow snd bfcwattcra and thcac closed higher by 0 to l5 cents eat-h. Central Pat traded about 28.000 shares and closed at 1.62. Other gains by a few cents were McKenzie, Itenu. Niscoe, Sylvauitc snd Tohuru. Prospcrtrrs Airways advanced 1U cents in sluw trading and lJittle Long Lac liad tire same gain. ‘

llvluhvrc, up 21,5. to 31%. had thc wdr-st gain in the high price group. Lakc Shore sdvduced 1%. Dome lig wlriic l-iollinger- addrd 25 cents snd Teck Hughes l3 cents. Wright liar-I greavcs closed unchanged at $7 and Brslorne sliplietl back l0 cents,

Interest in the silvers centred in Bear Exploration which became very active in the afternoon and advan- ced to a new high for the year st 1.02. The price was holding at riu at trc closs for a net gain of 0 cents .

Currencies

(Canadian Press)

MONTREAL. Aug. 23-Lesdlng cul-rcnciea were a little firmer on Montreal foreign exrQ-irnrzcs today. The pound sterling gulncil l-ltl cent to $4 08% while the United States dollar at 1 00% was up 1-10 of one Der cent. The French franc held nn- changcd st 0.64 cents

_ _ vtCsrssdlan Press)

NE“ lORh. Aug. 23——'1‘he pound sterling slipped 1/. cont today ‘on foreign exchanges. closing at 4.07 A it ranged from a top mark of 4 07% to a low of 198%.

The Canadian dollar was st s dis. cfouat of 7-32 of a can; uflghanged rom yesterday. l‘ls- French franc lost 1/4 point, closing at 0.02%.

—-—-—-_____._ _ _ (Canadian Press)

WUWJPEG. Aug. ‘Jll-lfodcrsts cx- port sales of Canadian whenr and Ilmflirth in United States markets enabled prices to stage a spirited ral- iy on the Winnipeg Gruin Exchange today. Values closed 1/, cont higher to unchanged.

Frsctionnlly lower early pathyflwith weakness iit oral values surged lil‘I'll‘d in the late dealings. The August futnrc, which showed -thc most strength, closed st Bill/r‘. while October finish- ed It $77.. and Decamher am. rents.

Good pit buying was in evidence nnd inc uded purchases against ex- por-t sales estimated st 300.000 hirs. hels of wheat. included in the ex- ports was the aals of a round lot of amber durums to the United stair-s for milling.

A gain of nearly three bushel at Minneapolis action of outside markets. Chicago was up a ccnt, and Buenos Airs-s Rained fractionnlly. Liverpool, how- ever. after momentarily recover-log from earlier weakness. closed 7m lower.

Lilli? Oflefilill rfatrlcted sales in cash grsinir. (‘oarae grain; gum." fluctuated similarly to when,

in sym- Liverpool.

cents a featured thc

The Eastern Guardian

"WUBSCBIPTIONS to handed to their ruin. Archie nag: Phone ('1. oi- 1m at n. .1. Mahosfs

_._..._ HWAINFUL ACCIDENT - My, AlLsn Masher, Montague, m4 the misfortune of having his nose badly broken last week. It happen. edwhllehewasmilkinglilseow, ‘Ifhe cow tossed her heed to mi herself of tormenting files} when one of heir horns came in contact with Mr. Muller's nose-H,

HHMCIITSMEN APPEECIATIVE

34°" _. llliclitsmen who visited Charlottetown for the recent yacht race, are loud in their praise of the Wm hovpilslity received at the hands of the committee in charge of the race. Moorings for their boats were supplied and every ss- rsoance in losdins. unloading and

fitting up for the race was willingly 639W. I'm; the sumptuous banquet

and for the innumerable favors, Montague ysclrtsmen extend their

sincere thanks-H.

..‘Tlie following are included in