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r i Market Reports

ILOSIINION 011' CANADA BONDS .(T1\X EXEMPT IPFPER)

The Montreal Stock Exchange

New York

. " ~ l" - 7i- U-HiO 11115.3." g ' ' TEWAR,‘ “nqFg 8 G0 . "'"' -- . ‘in-tiara; 101.10 101.0!» Exchan DY s “ " Qhfifittltetown Marl. :11 101.45 101.111’ g0 Declflllill 111.15 111.85 ‘ Correspondent: n! Graeudnieldu A C0,, Montreal I ’ - ' (TAXABLE Issues) (Special t» Johuston a Ward) “PM” "‘ """""'"" l‘ "W" I 13' l ., Macks 1)pea11it1n1|1..»v11.1m Al . 1film"""’"""'“"i'""ixi"ll “$1418 KIRIOCIIGIXZXEXQZKI-X 1L1!“- . .. K111110112 102.111 1011'. 81-11 Telepllflil ...|1.11 114114141 1.41.1, A,",.,i,‘;;':|“° ~|1*;‘V<yf1F-'-!0:s1 issvy- u; - ~11». . .. NovLliiiH 1011.05 101mm Brazilian .. .. 1" 11 1 1 , _ - - "i1. 11 1?.’ "~11: .\l(IN'l‘Itt'-.\I4 (iootlyt-ar ..,. __ H i191» .. .. swttnno 101.1111 101.11 l! l! Power A ‘I l‘ W" W‘ A“ ‘."" ~ "'1<"'"'10"='~'.'11>1 lnternxttitnniii _ ru inéétl-ai" ‘M1? 3m ' 105:0 1011'“ (B Cximvlfi-G B‘ 2 12"“ "I M.“ bltiht ... . u ernntinnul |~i1 - 1, ' .1 1 . 1- ., u 101,50 102.1111 ‘an 'ar y . _.- ' _ ‘ - ilwrtirlweiflt- t-rntn Reimccot (‘tiflptil-‘fiaw .. IPehLIfHIi 101.00 102.25 (_‘1ln Cement 111;, 191,1: f" '|“lh T91 11.111011 .. . . . . .. . 11.....,,,,,,,,,,.y “m”, _ . 0ct1,1i|00 04.00 0.1m 1011 111a Airo . All“ I“ "c ank of Mantra-ti. 1.‘. .. .. . Niagara |1..,1,;,,,, p0, ‘HRKFT R , Con‘ pun. p5". .. lull» Atmo 1 0-0 .0 n '_.1 . v, ,,,,1-..1 N010 Mot-l . 1.....1......... ..,....“ ' w’ . . EHEW son 111111.11, m. r; 111.111.- New 2...», m“ m" 1-1- 1.1- 11-11,! g" 'i‘et1»phouo .. ‘,P|,hik m"; hi", ' _- ‘~11 (nus .\l Hmeit m1 R n Q " i ' l— ‘.2 r1111|liun‘...I... h.“ . . m’ 111..., "m, m n d? 1 cannon-xx PACIFIC RAILWAY (‘On (INS liritlln-lh-l :15 Ring“; ""1 i ‘tfil/LH- "i. itlsh .|nert-nn .. 1Q ndlo ,. I ‘arp ' ~~ ltlllilll t'1-iun|l1la Power .. 3'1 Fours Hllvltllt-ii ' “OM Th“ qmmflm‘ "Mlmm-V "n" “Nil Tim“ (“mu "mm": |.,.,,,|,,,.[8 _ m,“ smmmnl (m "f 211'}! 1 ed in connection with the reduptiou of lluiu Bridge .. 'an1ul11 lW-iuent . . ... 11% 111:» finpuritivs A “Pmflv” "mi llilllimltll b)’ the (‘anadiun ll Utllli Milli‘! 111111011 liiaiting . . . . .. 12 M. - 0 u lllvifll“ llniiivuy (‘(1. us tn the position Int Nickel . hnmlian Power 11nd ln| so , - 111/; the company occupies in regard to l» of Woods 1111111111111 ilnnk of (‘onnaerco "v " 11-1-4 “Wires of organized labor. The number .\i Harris ‘unatlixiui ilroitze .. '7 H - - - - -- H11’: of employees of the company prohuhly Blc-l-‘rtint. ‘antnlian (‘or and Founalr Ira-ti‘- $11.11;}. ~' exceeds 110000. und 1| large portion of “out Power ~,,..|111|:1n lilidgstrilati .\l(‘( oi . ' gills uunii|1er lirltlhfflllllllrlll glib organized .\\'ut llre\lveries .u,n,,,|h|,,|,-t .11 t- rrs . 1' - ~ ~ - 1 1or ilnons. ‘ e rct uc on in wage» Hat Stcu (‘nr liii 1 ... . - . ti! 5'91 htl tit‘ ti l f -ti r l‘ ‘ l.‘ .. 'i':|rr( glut v“ T" l‘! 110511 PRICES :lytlir:\l'lnlniuwfilitiillrlls‘l‘ nfliveulipmylllleillt ‘llgulilb: sl?‘;i>i~tv‘m-l2o\\'er llgyvuxhlliits 'H. .. .. 1 - .... "111 111': one _ - .‘ 1 ' ~ ~ ~ '1“: f‘ w‘ (ORH-"UTION hMlIllTIErl: ly wage srnle. 'i"hiseinsoIfl1r: useol-‘glilvrt- $112: ‘Ngixlllinins u aim‘! will" m .| m“ _ _ r ized lahor is cront-crneti .th1lt is. the S of’ (‘unndn i 1mm 3"‘ - ~ 1111;, fie], 3rd _ sbosluen and tlrnin services. sot-i. as i 111:0 . 1'..‘ '- (1 _ _-- . con ul-ors, (‘IIEIIPQIL firemen ettn-ls ~_ _ ‘ - ~ 1:i 1'3,“ 'I'-_ dotorininetl hv ngrr-t-tnent. 1u the llllllli 5‘, \‘ 1""! -- ‘ _ .11 ‘in: witIhnE-tav ‘executions hctvuecn any lillii (‘oiulnercc .. . i i“! 1.11.11 l- 111111111110 1_.. W, It" _ -_. be “urea of organized lulml‘ Montreal .. :74 m" l, ,' “Imp,” |,_ 1|_ ,. MW oln (uuadian rulluays follonsed closely ltuynl .. PM" 1115;“ . ‘flfimml p,r..“-..r1p_q _ _ 5w tiose in effect on luitcd htaten rnil- p q f ‘x T~ - {ntinlrli Stool tar .. _ _ nuys. the latter being determined ivy ' ‘i _~ - - 1/4 wrmuh, ___ x ugreellucililt between the Futons und vur- 11:"??? 0111711 _ s: , ., .~ r, "m... __ I ' ous not s not 11g from time tn time in ~- ‘l-‘lll-rilr-Iiiilixrs .‘.. .. ‘mm! P @111‘. u (ioverulucnttli capacity. In 192i thon- ltep l hteel . 5i: m" ‘mm! Iflwy ' jib‘ was un increase of approximately ti e § Rfwhiwk "/11 - : " i‘ .]|;1u"iulg:1|| . . . . .. "u" Tum . r ~-- ‘ I _ n 1 _ - .\ion Trlnu . 4'»; llliriiilltllilhnllli rlillljllms ‘(NW jililtlrulhmlfld “l " l: m“: Pmv _ v . ._... . - n out a on ‘ 111m . ~ - viii litii.“ 101.00 10-100 reported against n11 increase in tnnud- Fhaw Pow . 4151M‘ I008 110.00 117.30 inn rnilwav wages hut almost lumcd- ‘ '4 FMPtWQIHP" - F 5i"! lil1ll 103i ‘:5 I0.'S.0tI lately afterwards It further iurrezisc of ‘lit ‘“ ""\'l‘ ~ 11%|"! 1959 "i059 1013313 7'41 lI-l‘. was made in railway wages in ' i 1V tho Vnitcti States, and the (‘annlitn (H ilt J1 t k l1’ d — t mpghnny n‘ U n I _ DOMINIOK 0F CANADA ramls, in unite of the Ctllllillllllltllll Slot-ks mo“ n 9"tl.l‘|1.e.l:|l<ligh|:r11\\)'il.11st J‘ ‘m nmvrlm“ m" H n ‘h h. 1 UUARANTICEI) IIONIIF lio11rtl‘s report. made an increase of 0V,- Abauu ...| ' | I iWQE-hlz/i. “lmunm v __ ___ __ __ ~ M l C ~ r v |I.t'. in wages on (‘xinntllan lines_ and British Ant Oil 10%! 10%, 10% 10V, __ : .4‘ ‘mm’, Auuhflv _ _ F"? L H" 1M5" lit-bill this as a st-tile bus remained in offer-t ills Lorin-hen . .. 10% __ :I:,,,|+‘,,l wmmm llu‘blllc _ v \_ l l; lfl L! "7 i" up tn the present. with slight tuudificti- llulnt: Oil 05 t» (i0 t - '71P .1 ,.,,1,., . , ; ‘. f '1' p“ m-"l -5 101.50 tiono from time to tluiej - llnilerltll Oil 1:10’. 13%. 121m 13 ‘H/HWH? ‘nflttiinlatvtl Fiul lnti. ... .. l" liilfil‘ A11 a practical ninth-r the (‘nnutiinn imp Tohucuo 0%.] it'll. 11%| ii-‘i. HI“ I’! .:|"'_,,,||,|..1.-.| (ins ... .. (1 l} 1131-5" Pacific- llnihvny (‘ompnny would not Nurundu 23 2:553 ‘L’! 122th‘ m ‘1' 11,1 1.....‘....-1-.-1..1 Soiwnl! . . . .. i; ' 1111.110 let-l 111111 it wns 11111111011 n. even .1.1._-- Sherritt. '11 s2 11 |s".' Qilil-iilil 1911111111111 stores ... ... \. R ' 1941"‘ Resting I lower scale of nulges for the Nlsvne .. .. I l -t'.i_ Y T Conch " H_ ‘A "...-Hu- lmn-cr and Light ... ... 4.1% ‘I, l: - 1071i" various nnioitizcci groups 11|1til two de- “hiker, lliruln 01/, 111/. u,‘ [tiilus .. ... ... 101/. ‘; l‘ ' 1113-00 vciounieuts should occur: one, u similar NM“, Axum," __' _._ _ y“ P Y R . H“. “no inovleulllent aincothe rl1‘11‘ite1l"\9t1i:Ic(s;It all: DENIES THAT SWFETS ‘ ‘ ' *' ' - sect v, -i1c1 ', eve 1 ‘ ' ' ‘ ' “ ’ ~ WILL ncswaov rasrn

oucml Motors ... ... .

the part of the (‘tiuxitliau National Rail- ways, \\'l|ut has hccn done so f1ir is that i1\ the case of practically nil un- ionized lahor employ-ed on the t‘. 1'. ll. u reduction in working hours has lwen effected voluntarily. This has meant, for instance, a cutting dawn perhaps 11f several hundred miles nor month of the mileage available for engineers, firemen. ‘conductors, etc._ und this iu turn has autolnatit-nliy cut down the

Stewart Jones 8; Co, a" conupnomkn“ o’ 1 r all these i Th . 0111]! 0x865. ‘h:

l snnie has taken place so fnr as

e s Co‘ | shopmsn nrc concerned. 1t has taken

plat-e. too. in connection with the office staffs who are to take three days a mouth, on an tlferili-Y?» n". with 0 1'9- snlting decrease in their wages of practically l0 11.0. in the case of the executives it may he prcstunetl that the l0 p.12 reduction referred to as front thr- flrst of .\l1|y will he. nintie directly. and there. will he no time oft‘ as in tht‘ case of the regular staff.

F .

a...

Member: o! the Montreal Stock Exchange

88 Great George 88.. Charlottetown

BOND MARKET:

A further strengthening in the gor- ernmeut a|11l to some extent the public utility houd market has been tn pro- gress since the lit-ginning of last week. All the. issues that are t0 ho offered conversion through the new lnan, of whit-h official aunou1n~1>111cnt was made today_ have rcnt-hcd higher levels. Par- ticularly is this thc race with the, liiiiii Victory lloud ‘issue, 11151.4. yielding 3.5!" p.c.. the lmvcst yield that any of the Victory llonds have shown since they were issnod. lluring the past ten (lays or so nearly 1lll have advanced from ‘i’. tu 1 point.

Part of the strength of the. nturket is due to extensive buying that is being 1carriod on institutions of the conversion ‘issues for the 1111111111110 of being able to ‘turn them lu and tints he provided with ithe new 4'5 p.11. '..‘.'1-_vc:1r issues. 1n the wnse of hanks and imnd houses, with In t-ominissioii heing paid Ivy the. (lov- uernnu-nt for the (‘tlll\'l‘l‘Sitllll hlds r1111 -he 11111111- of upwards 11f 1,1 of a paint 'ni1ov1- what might tmilnariiy‘ have ivccll i-oiuiidt-rt-d in ho t-tirrt-nt market, allow- .ing for the emnuiission that would ruliil‘ to them on tin- exchange.

- 1i is not t-xpct-trd that thorn will he any dealing for some time to conic £11 the new tiovernment hond “ex-lnlnns.‘ as the in ‘.‘llll certificates will include

u... “m. a or ‘i po- cunt. per your that ‘is to he paid in nthlition to the 4% W" on the various issues up to the date of ‘maturity.

cis-zibianns SCHOOL

We Deal Actively In

Dominion of Canada Loans

Provincial and Municipal Debentures

We invite you to place your Investment Problems in our hands

JOHNSTON WWARI}

BENJAMIN K011i! IIS, JIM. Manager Telephone Non. Ill-QB, Gordon Bldg». Grafton Street. Chgrlottetown

Mmbnr: Manmul Stud Bxrbnrp, Molnul Curb Mala, Toronto Slant Exrbangc, Winnipeg Grdl Extbugc, Cbirqa Baud of Trill.

New Yorfi Chrb (motion)

The following is the standing of

of April:-

Grade X-1, ltlargaret. McKenzie.

Grade IX-1. Malcolm MacPher- son; 2, Everett Mackenzie.

Grade VI—1, Ronald Giliis; 2, Le- na Giliis", 3, Angus MscPherson; 4,

Jean Walker.

Grade IV tSrJ-l. Catherine Mac- Pherson.

Grade IV (Jr.)—1. Rachael Mac-

Pherscn; 2, Lester MacPherson. Grade 1I--l. Kathleen Reynolds; 2, Elizabeth MacPhcrson. Grade I-i, Martin MacPherscn; 2,

QUPPLIES NUTRITIONAL REQUIRE- MENTS OF FOXES.

FOOD FOR‘ Catherine S. MacPherson.

MUSCLES, Perfect Catherine MscPhcrson, Lcctcr Mac-

. PELT, , Pherson, Rachel MacPherson, Eliza- ENERGY, beth MacPhel-son. PROLIFICNESS. C. Reynolds-Teacher.

Glen biartin School for the 100N111

attendance: _ Malcolm sons, Robert, Harold Cecil and Eric MacPherson, Angus MacPherscn, in Vancouver; also the 10110111118

iii MEMORIAM

MRS. R. .1. SHANNON’

The death occurred on April 25th in Vancouver, B. C., of Mrs. R. J. Shannon. Mrs. Shannon had been up and around the previous day at- tending to her household duties as usual and apparently enjoying good health, but on Saturday she was seized with an attack of heart fail- ure and the end came very sudden- ly.

Mrs. Shannon was born in George- town, Prince Edward Island, in 1884, -t.he daughter of the late Wil- liam MacLeod.

She graduated from the Prince of wales College in 1902, ~having wonf the King's County Scholarship on entering tn 1900.

For seven years she taught in. this province in the Georgetown. Royalty, New Glasgow, and George-l town High Schools.

In 1909 she went to British Col- umbia. where she taught two years in Mission City and one year in Vancouver, being married in the iat- ter city in 1912. She was s. brilliant. student and a. successful teacher and possessed intellectual ability of a high order. She was also a talented musician, taking part frequently in public entertainment-s. She was actively interested in church work and was organist in St. David's church, Georgetown, and also or- ganist, and teacher in the Sunday School.

She was a bright, ‘lovable woman and by her estimable qualities of mind and heart won many warm friends.

Since removing to the west she revisit/ed her old home on a number cf occasions where she always re- ceived a very warm welcome.

In the United Church at George- town yesterday the pastor, Rev. Mr. iMacNevin, paid 11. touching tribute to her memory. making fitting re-

ference to the valuable services Iwhich she rendered the congrega- tion in past years.

Mrs. Shannon leaves to mourn besides a sorrowing husband, four

brothers and sisters: Albion, Wil- liam and Mics Sadie MIBI-twd l! Georgetown, Rev. Parmenas Mac~ Leod st Ester-hazy, Susie. and Char-

ALSO KEEPS BOWELS REGULAR AND GOOD FLOW OF MILK IN VIXENS.

. _ iiiétunt tlfiioir 0121.111, ' a ramnwltfireyu w _ . n?‘

1 |

‘ M. 0011116, Medford, Mass, Clifford

i? I

BALTIMORE, Md., May 11—Tl1e belief that candy and other sweets harm the teeth “belongs with other faliacious theories," Dr. W. McKim Marriott, of the Washington Univer- slty School of Medciine. 101a the‘ Maryland Dental Association‘ today. What sweets really do, he explained.‘ is to destroy appetite for foods es-, sentiai to healthy teeth. .

Diet, not; heredity, is the biggesLI single factor affecting teeth, he said, pointing out that the savage trans- planted to civilization, yields; to the same oral afflictions suffered by per- sons cf a long line of civilization.

SOUTH GRANVILLE SCHOOL Honor roll for April.

GRADE VIII-t Barbara MucKen zie 2 Charles MacKenzie 3 Herbert MacKenzie 4 Annie Morrison.

GRADE VIl—1 Annabelle MacLeod 2 Sandy Morrison.

GRADE V—-1 Doris MacLeod 2 Bobbie MacLcod.

GRADE IV—-l Alma. Morrison 2 Robert, Corbett 3 Clara McEwen 4 Stanley Adams.

GRADE Ill~l Em. Morrison.

GRADE 11-1 Albert: MacMilla-n 2 Elmira MacMillan

GRADE I (a) 1 Everett Thomas

GRADE I (b) l Fh-ic Adams

GRADE I (c) 1 Irene Morrison

Edith R. Hogg--Teacher

Family Tree.

Little Alfred-Manama, f wont to ask you an important’ question.”

Mamma~We1L what. is it, dear?

Little Alfred-J! a. boy is a lad and has a stepfather, is the lad a step- ladder?

les, teacher at Rivet-view in this province. To the bereaved relatives the

Guardian extends its deep sympathy.

MRS. STANLEY WOLFE

The death of Mrs. Stanley Wolfe. who passed sway very suddenly on Friday last. in Boston following a paralytic stroke, will be learned with deep regret by her friends in this province.

Mrs. Wolfe was the daughter of the late Mr. Frank Conrad, former- ly of Sturgeon and later of George- town. For the past: five years Mr. and Mrs. Wolfe had been spending the summer months in Georgetown where they were very highly esteem- ed by all who knew them. Mrs. Wolfe being a lady of sterling character and of a. most. attractive and lov- able personality.

They had purchased the old home at Georgetown and were preparing to come there this spring to reside permanently, but. a, week before the date set for their leaving Mrs. Wolfe was laid low in death.

‘There are left; to mourn. a sorrow- ing husband. three brothers. John

A. Conrad, of Vancouver. B. C., and s. s. Conrad, of Charlottetown, also two sisters, Mrs. Franklin E. Lowe. of Medford, Mus, and Mrs. John Henderson, o"! Cambridge, Mass. The body. accom ded ,by her husband and sisters of the deceased

arrived on the Island last night and the funeral will take place at Georgetown at 2 pm. today.

Crop Report

Below will be found a bzief synopsis of telegraphic reports received at the Head Ofllce ol the Bank o1 Mon- treal from its Branches. The Branch Managers navt- complete and intim- ate knowledge of curb local situation and are in close touch vith ...'0p conditions in all sections of the dis- tricts mentioned. The map overleaf indicates the approximate extent of che districts referred to in the re- port.

G eneral

In every Province in the Dominion conditions have been favourable for spring farming operations and sub- stantial progress-An some districts well ahead of average — has been made in the preparation cf the land and the seeding of the principal crops. In the Prairie Provinces steady progress has been made in agricultural operations, and wheat seeding is now 50')?» to 95% complet- ed, with work in Manitoba farthest advanced. The acreage seeded to this cereal is estimated to be about 15% les than last year; very little coarse grains have as yet. been scwnnThere is sumcient. moisture for germination in the northern areas, but. more rain is needed in the south. The reserve is very low. Soil drifting has been save"?- esPeiilflliy in Saskatchewan. luQuebec Province a large amount of ploughing was done last autumn. and recent. much-needed rain has resulted in preparatory work being. well under way. In Ontario farm“ land has seldom been in bctbcr con- ‘ dition, with the result that all spring work is well advanced. In the Mari- time Provinces and likewise in Bri- tish Columbia conditions have also been favorable, and seeding in the latter province is about 85% com- pleted. Details f0iiow:—

Prairie Provinces

Alberta Northeastern Area-Wheat seeding has been about 70% complet- ed. Morc moisture is required to en- sure cvcn germination. Alberta Siilltheflstcrn Area — Soil conditions are satisfactory; some ivheat is show- ing above ground. Ii; is estimated that: there is a 10% decrease in wheat acreage, with 50% scwn. Al- berta Western Area-about. 60% of wheat; seeding has been completed; there is no reserve moisture in the land. The sugar bect acreage will show a decrease over last: year, with 50% now planted. Saskatchewan Northern Area-Seeding of wheat commenced around April 15th and is now 55% completed. Practically no coarse grains have yet been sown. The seed bed is in good condition but; growth is slow owing tc cold weather. Saskatchewan Southern Area-Wheat; seeding commenced around April 10th and was fairly general by April 15th; 70ft. has now been completed and early seeded wheat is above ground in some sec_ tions. 'Scme coarse grain has been sown. Manitoba-Wheat; seeding of a somewhat larger acreage than last Seer has practically been completed, with Durum varieties predominating. The season is more advanced than ordinarily and early sown grains are showing above ground. Soil condi- tions for germination are satisfac- tory, but there is little reserve moist- ure and cool weather is now retard- ing growth. Not much coarse grain has been sown. The acreage to oats is estimated at about the same as last year, but barley acreage is great- ly reduced.

Province of Quebec

Seeding is becoming general, par- ticularly in the southern portions of the Province. Fruit trees wintered; well. Posture lands and meadows are in good shape. Cattle will go on to grass in good condition. ‘rhc out.-

has commenced in some Present, indications point to the po-

year well. are promising with little or no win- ter kili reported.

Okmiagun.

put o! maple products was much be-

low average. Province of Ontario

The season is practically all dis-

tricts of the Province is ten to fcur- Inoise-franilc citizens in the home. been days in advance of the average. loffice and public buildings, came to-

Very little winter killing of fall wheat is reported, and the sowingof spring

ground. A larger acreage cf pota-

toes is being planted, and indications are that. the production of field corn will also be increased. although can- ning com will be reduced. Meadows and pastures have wintered well and

there is now suflicicnt moisture in

the ground to promote rapid growth under favorable conditions. Prospects for fruit. are good at. the moment. Tobacco plants have not yet. been. set; out, but 1t 1s expected a larger-i acreage will bc planted.