I Toronto

1mi- fcr tho year

INew York-Jlubhcr and rot cc low- ff: cotton and pugnr unchanged. 1

._ __Salesmen Wanted

M444

Advertising

JULY 21, 1934

ATHE CHARLOTTETOWN GUARDIAN

31'

i

i"

YES TERDA Y’S S T

OCK tlnd BOND

PAGE FIVE

I111. sitar. Exchange

"ullsnsd Iillllllutl era of a Montreal Montreal‘ Club slu-

ibll Ward month

if.“ pxchlllll. m. l“

Mahmoud llreet, Charlotte- town) Opened

S‘. as lnil Al B - n pm- . rkshnt l'lo1v r. Slllelt -- Um IITIIIKEV .. en Staci “H! oil llold .\lin ll Nickel . use! u“ tron Fri) M. Pow atl iircw ower (‘Mil Quebec 1'0"‘

i‘ ... nl Oll

uiiililii 151011111111

(c. P. By Guardian's Special wTl-e) MONTREAL, July 23—Priccs on the Montreal Stock Exchange tum- ed shortly downward today in the heaviest turnover in more than two months, approximately 18,000 shares changing hands. At the close, 23 stocks were down, three were up and 13 were unchanged out of a total of 39 traded in board lots-

Following the trend in New York where prices broke sharply in the heaviest volume in some time, se- curity prices on the Montreal Stock Exchange began a. steady decline in the latter part o1 the session. in the earlier part of the day, there was no indication of the impending downturn, issues being traded in the morning session largely at their former levels.

Canadian Pacific Railway was active leader with sales in 3,310 shares. International Nickel was second with sales in 2,075 shares and Brazilian Traction was third. with sales in 1.509 shares.

Consolidated Smelters engaged in one of the widest movements. touching a new low at 119 and then rallying to 127 where it was down eight points. Canada Cement de- clined 1-2 at 6. also a new 1934 minimum. Cockshutt Plow was an- other stock that touched its lowest for the year. selling at 6 1-2, down 1-4. Canadian Industrial Alcohol "A" reached a new low at 6. off 3-4. Penmans eased six points at 55.

gnaw ...‘ .. 2-. meal Co Can 1.0m 3-1 3-1 [INKS commerce llnnlreai , . i 192 iovn Scotla‘ . 25h and i.. ...I60$§ 101. .- i _.'..L.... "v - - " ," (Canadian Press) ifONTllEAllp-iuiy LEI-British and [<1 lgll exchange in relation to the inn dollnr no colllplicii iiy the

“Gilli liank of Callailn. closed today || follows:- Afgflifii-i peso .2464. Australia pollnd 3 WIS. Austria schilling .1871. i "Belgium llelgn .2301. »(‘hina Hung Kong dollars 3706. Itsnlnarlr krona .220. France franc .0060 ‘(lerntnny rcicblmark 38.70. Great Britain pound 40700, llollnnil florill .0671. Hungary pengo .3132. lnillit b11000 3750. Japan yen . f New Zcalanil- pound 3 060G. “Norway krona .2499.

I

It

l-nllna Lioti .1871. i iloilnlnniu leli 010i.

.Sollth Africa pound 4 0601. ' Sweden krone .

Fnitcd States dollar 1 7-16 per

lent discount’ discount.

M TfL. CURB

[Johnston and Ward) Opened Brew l1

igfs . Brcw (‘ilrp (‘om ltnnl- i'or|\ Brit Alli-ar- (‘an .\i.'ill ii-nsnl Paper .. Dist (‘nrp Song ilnnla billion 1mm stores 011' _ , . A mp (til Snip Toh . . at»: l'ct Mlifilbi-‘l int-nan. Xnfllillill Psrklnii Fan .\ni..lilo shflrflil Slscoe Mines

A

Filllllciinn . Teck llllgllcs Ventilros . “Z-ilkrr llirntll . “lsikt-r PM lfrirht lint-g

(Canadian Pressl rind .\fnlltrcnl~—lndustrinl lltvcks ahnrply lower. Toronto llines Jinilcrntrly Keir \'ork—Stoclrs brenlt

lower. to new \\'lnnipelr—\\'hent closed

hi her

Wabasso Cottorls declined 1 1-2 at 27 while Woods Manufacturing Pre- fen-ed was eight points lower at 40. Montreal Power was down 1-4 at 3-4. Canadian Pacific Railway eased 3-8 at l2 3-4. International Nickel at 24 1-8 was off 5-8.

Bathurst Pulp and Paper, B. C. Power “A“, Bruck Silk, Canadian Industrial Alcohol “B". Dominion Bridge, General Steel Wares, Char- les Gurd, Power Corporation, Que- bec Power. Shawinigan Power and St. Lawrence Corporation were fractions lower-

National Breweries gained 1-8 at 27 1-2. Bank of Commerce was up 1-2 at 150 1-2 while Royal Bank advanced three points at I161. Among stocks to remain unchanged were Brazilian Traction, Canadian Car, Common and Preferred, Can- ada Cenlent Preferred, Dominion Steel and Coal "B", Lake of the Woods. Massey Harris, National Steel Car and others.

Sales 16.007 shares; bonds $6,950.

Miscellaneous

‘anadilln Prrn) 1.. Jll 23—

15 113.

" 51i-

(( .\IO.\'TIilI.-\ Wheat nor no Barley i’ \\‘ llo Ulllil t‘ W no 2 i7. Uilts i‘ \\' no 2i M. tints fvcil nil 1 i5 l-‘lnllr spring wllcllt

5i; 0o i-"iiiilr Fiiltlr Flour

Si M). \\'illlo corn $1 ‘

patents flrsis sci-nulls $5 ~10. links-rs 8.‘. .'l0

uinicii \\'il(‘ill

pntcllts choice

Shortn ton 5

Ilidiililigs toil $214125.

ifoiicll nuts iulg iii) 111s rici $110 11.1)" no "J Der ion ctlrlots $10-00- Vtlncse (lni i~oi i014’ to Tl";

I-lutlcr no 1 ii“; t?) iii

l-Itrgs fresh spccinl in cartons A I ‘J8

A lilrge 2i;

A lllcdlilnl 25.

ll ‘:1 ccllts.

lg i‘ 22 ct-llts g Potatoes new Quchccs .10. Old N B lnts 40 to flit

l-‘ggs

gs gs ga

Wlnard’! oi..- grrni uni-inn... Illnlmnvl

Csntral Guardian locals. do. par vvo

m":

Rates-Payable in Advance i

rdl Western and Eastern locals, la

Der word; Announcement: and fuming Events, to. per word; Claulflon 1°» Der word; In Iamoriam Nntloea, 70o. per lnchl List: of Iloral and Spiritual Offerings, (Judo, oto., 4o. per nsma: Lottarn of Condolsncq 70o.

per inch; Notion: of Thank: and Appreciation. 70o per llleh or to. pot word. Other vital on application. Minimum Charis for any Avortlumant twenty-lira cents. .'°"“‘ Mo‘ - ‘e: c‘- ~e v vei Q$T'l!—2 per ward. than ‘haze- 0 I - [stable [In ‘u “a I I l, TO For sale T0 LET - TWO FURNISHED

¢::~—_._ iii CARDBOARD SUITABLE FOB

lining outhouses. "etc, 1c per sheet. Guardian Oflico. ti.

FOB SALE — AUCTION FOBTY- _Five, Bridge and Whist Score TCards. Guardian lCentral Joli

Pflntery ' Nov. l-tf.

FOB. SALE — AUCTION FOBTY- Five, Bridge and Whist Sooro Cards. Guardian Central Job i Nov. l-ti.

front rooms. Apply 243 Richmond Street. L~7058-7-24-3i.

T0 LET-SEVEN-ROOM TENE- ment renovated and reasonable. Apply N. D. Walker. Mt. Edward Road. 11-7032-7-21-31

'*

Lost LOST- PAIR 01-‘ WILD GEESE.

Reward. Gordon Shaw. 11-6957-7-19-61.

FOR SALE _.. BOAT ‘am FEET . lone. 6!: feet beam, 8 cylinder Studebaker Engine, Bronte Shaft and Propellar. Built at Cape Tor- 1 melltina and used two seasons - lobster Fishing. Boat is well built. Ind speedy. Also one 8 Cylinder Packard. Engine, thoroughly over- hauled. One heavy typo Gasoline Hauler. E. 8, Pawcett, apply C. W. Fawcett, Sackviilc, N. B. N-988-7-2I-24-28-28.

ANADIAN ORGANIZATION 0F- iers excellent opportunity in well educated man over 2i. Must have Pieflsing personality and ho able to furnish satisfactory references. Man selected will be Bllilfcd o! 800d osrninn and advancement. Write-Wear Ever Brush Com- Pflnv. 1a2-1a4, Main Street, 'I‘or- ontc, Ontario. ‘at; S. H. W. N-WO-I-fil-M.

tziiiulaflelp Wanted__

“Pflwurlcl: w A n '11-: o TO "n Barber Trade. Short Course.

LOST IN THIS CITY -- PLATE false teeth. Finder leave at Guard- ian arid receive reward. L-7043-7-23-

BABY GIRL. 8 MONTHS (CATH- olic) can be adonttd- Write T-P- c.o, Guardian.

I AM NOW PREPARED T0 REC- eive blacksmith and general repair work at my shop, Tracadie Cross. Emmet Cusacx. Irjjl

STRAYED -- TWO SIIORTHORN Steers. two years old. Please D1101" Howard Axworthy. oyster Bcd Bfldgg, L-7054-7-24-3i.

HiIPEQéiRQ.

WANTED AT ONChE 'IWO Applications wit c1" ‘"6 ' ences useless. i" it Peter MM-

d: Sn. " ue. N“ q ‘1-‘7010-7-24-31

"We" ‘Yllnlnl. Molar Barber Col- ll

t

fl-

IIImL.... ...... ""7

____i_

I

N. Y. Stock Exchange

(Quotations tarnished by 301114;! nrlll \Vard Member: of tho Montreal Huck Exchsnn and Mantras! cal-ll

Ilsa-hot. 1M Richmond street Char. loltoiuwni Owned Lall . .1.’

Air Red ,, 911A Allied (‘hcgi 131% Allis (‘halal 13% Atl Ref 23% Amer (‘lln .. 9:114 m Car Found 11 Am For ow , I Am Loco .. i Am Smell llfg Anl Pow Light A111 Sug .. . Am Tel Tel .. Am Toll I1 ,.

Alincontlll (‘op Atchiao . Auhurn Anti) . Iillld llnco ilnit Ohio Ilnrns A . . . Band Aviation , Ileth Steel . llriggs .. Riv-rs A .\l . llurr Add .\1nch . . l‘on Oil . . . .. (‘all Dry Gin Ale (‘nn Poo .. (‘nae 'i‘hrc-sh . ("om Son . (‘ong Nalrn (‘hes Ohio (‘hie North .. (‘hrysler .\int ('oluln Curb , _ (‘oluln tins Elec (‘oru (‘rcd .. __ _ (‘on (ins (‘on (‘nu . (‘nrn Prod Dci Hild

E I 1111p _ _ l-lrlatmllll Koilrlk Elcc Auto Ilitr- . EI-‘n Pnu" Light. lilcc I‘i'1\\' Light Eric .. .. _ l-‘irst .\':lt Stores Fox Film Frl-eport ’l‘l\x (iwll (lcn (it'll (lcll . . _ (ioililricil Rnll ilnnilycnr Rub

i.r<lhnnl Paige iioilston Oll llllilsnn Riot lntl ilnr , int .\‘irk’.‘i .. Inll Tel .. . Johns .\illll Kan (‘lty Soul Kcn (‘on , Kresge S S Co .. Kreuger Toll Lambert (‘o .. 241,’! 24. ildifetr-ltsIbiycrs B 041 95 .0 wll ncorp . . 25V 24 ‘ LOOSE ‘Vile-s an (‘n 41.; 401i‘ Iickeeepnrt Tin Pluto . R6 85' .\i:lck Trilck g5 g4 .\lnth Alkali 391/ bliss Kan . _ as; Alisa Pat‘ Pfd Mont. \\'.1rd 31w‘ Ntlsil Slot . 141;‘ .\"ni1 an . ., 34% Natl Dairy Prnil my X1111 l-ikht Pow 31; New Haven 10% New York (‘on 311;, North Anlcr 15:5" 143;. . 2h I‘.'li~ ~01]! 1gp 1-. k .\i(1i .. . :1 n‘ Pclliick Ford 5,’, 57, "R Qfiié ... Ifllyi’ Pullman (‘o , 4312 illulio 1‘orp ... a iinilio Keilll Urpil . ' licp lrml Stcei . Safeway Stun“; scars linchlltk Sim ("iv Sncotly \':lc Siviltil Pill’

\outh

I inking

, MARKET GOSSIP

(By Johnston and Ward’: Ipoeisl . W130)

MORNING MARKET LITTER

NE“! YORK. N, Y" Jilly %Tile market was about as sctlve Saturday s. it was on Friday but prices held much better. The declines were nom- insi and a low advances were scatter-- ed through the list. Some encourage- ment msy be taken from the fact that the Industrial: held at about their July 3rd lows but the continued pres- sure on the Rails is an offsetting in- fluence. Unless the market. shows rallying power rather promptly today s test of Julie 2nd sud May 14th lows svhlch are about 9i and 88 respective- ly in the Dow Jones industrial aver- ages, will be indicated.

Luidinw and Company.

SUMMARY

NEW YORK. July ‘Ki-California Crude Oil output during week ended July 2i averaged 530,900 barrels (lolly against 520,000 in previous week.

Safeway Stores sales for 4 weeks curled July 14 were 310.080.2164 against 311.825.1183.

Magazine “Steel" says Steel demand so far in July is proving much better than anticipated which last week sus-

tained Steel Ivor-ks operations at 30 percent unchanged fronl previous week

National Dairy products Corpus

lll six months to June 30 net profit equal after pfd. divirjvnds to b8 cents s common shares against 76 cents a share in first hnif of 103.1.

Union Carbide and Carbon Corpn..

quarter of 1933. Preliminary conversations between the L‘. 1!. and Soviet Russia looking toward negotiations of s debt sgreo- ment will in resumed early this wee! at the State Department. Conver-sut- ions for s ‘ilne had been carried on in Moscow.

Dow Jones commo

dlty futures in- dex closed 58115 off 0.79.

High Low Last 0ft

30 Ind fl 89 91.31 M 62 0.12 2" Rail! . 40 4B {OX0 40.21 031 ‘Z0 lftil 31 Di) 21.73 21.83 013 ~10 Bonds 05.218 I) 00 Dow Jones.

BANON SAYS

MONTREAL. Quit- Julf ‘Ii-JIM

heavy selling which developed in the neck Just ended does not nullify the prospect of a bull market during the next two to five months. influenced by increasingly rapid l-xpenililllrcq on the part of the Ailmlistrntion or a further ticvnluatlon o! the liollar- lll view of tho election next fall some Federal stimulus to business llilil the market is practically a certainty. Itllt however hopeful one may be for tile longer treln, for the immediate flit.- llre mllrlre! notion continues licarisll. Until the curqent decline has definitely fefillliillllfil securities purchased should be held on nn outright hnsis

Brlnnn.

FLASH

Have just learned that God's I-iikl‘ have cut their vein on the 275 font

June quarter net profit equal to 53 level. attvCk iF-olild sell higher when

cents a share against i8 cents in prev- this news is published

ions quarter and 20 cents in second J. .\l. ii. (l. PRODUCE C ' s"

(Canadian Preall

MONTREAL, July 2.'l—Cheese. hilt- ter nlld eggs advanced in price on the Ilolltrcal produce and dairy market toilay.

Un the cilecac market. Ontario col- ored brought 101,4 to 101/, cents a pound, up 1,; of a ccnt wllllt- Quebec cheese advanced "i of a cent st BM to 10 cents a pound. Receipts were S33 boxes

Eggs were generally one cent to 1'5 cents higher Graded shipments cnriots or less sold for 21 to 211/, cents a dozen {if A lill-ge, 20 to 2111/, ccnts for A llloiiiillu. ill to l0", cents for B tlnd 18%} to 10 cents for C. Arrivals totalled 702 cases.

Butter gained 1A of s cent a pound fresh no 1 being quoted at. 18% to l0 cents a pound ill ctlriots or less. Small iota to rctllilcrs were 10% to 20 cents a pound for solids and 20 to 2i cents for prints Receipt; to- talled 496 boxes.

in

The potato glal-kct remained steady, 80

new Quebecs being 50 cents per pollntl bag and old ' B mountains brought ~10 to 50 cents per S0 pound

bag. (Canadian Press) TORONTO. July 23-110 old famil-

iar shake-down on the New York lmnrd did only minor damage to the mining prici- level today Home sell- ing appeared 1u spots the last hour. evidently from trlldcr_s caught in lhc squeeze on the industrial ulnr- ket tlilt lasso, wore llot heavy in any iasllc outside of a drop of 1.50 for Mclntyrc on a trade of only 2310 shares Some of In’: new gold list- lugs which hnve bcen riding high. rlp- pcnrcd a hit vulnerable. God's Lnkc a loss of % cents. Gunllar l5. Little Long Lac ‘.25 and San

in

(lolii

Antonio 15. I

Base nlctills hold up well except for 2| lnss of $1.15 for Norilntla and ln the silvers Eldornilo ran ilito active sell- ing which curl-led thi- price back 20

cent; to szairflxngnntliiglinit 2. Pr:- . . l'.‘.l 'tc.agc.ascnle- \ ‘I ilnliervflfqpriiaflilflil. Ilinlllg Corporation 3rh,,m,0i;;r“pr ' ' and Nlldbllry Basin finished the dzly gmdphnkor strong. the latter gaining 10 to Tcx (‘n .. . - Carudisll Freon) {fnf ‘am 5,111" ronox-rb. July za- I 1'nion (‘urn (‘nrlv - Fwd“ 6"” rninn I'm‘ 111 .. _ rnltl-ii Aircraft 1m ‘Um 5,1,‘ "m Fllited (“grp . n; klg‘? l_'niterl (l... 1111p 151/, u“ “° t‘ s nd Al to Alum“ i’ h Ililil 13 Am“), t_ s Stool , .141 I Anglo H 4, ‘Han Steel ... .. 161i, ABM“ Vnrncr Bros (‘i {H} - ' - . At i . . - “.""°".“"“ "L “i? niglii‘... . .. . l» lira: inlon RR‘. B," Bu" I _ 12% a!“ 13°" 3f...’ B .\ictnls . l0 _0tii (.1 . 4. n. Be“ _ w ilorth Pump i111», “l Yellow Trilck Coach 3V‘ 32;]; u " Rrsdinn “i” Braiorno Brx Buff (‘an IV Blink ‘HIP .4 Buff . rl (‘nl Eilm -——i (‘an Mnl . (‘ Trcth ,:I!llld|ln Press) (fen: Prllt --- - ~ - F“ R ..- IiONTRi-IAL. .1111; ‘Jik-(lffcrlngs on (‘hem Res . thi- til-o Montreal livestock markets (‘hillmlg . lmlily tirtnlli-il 5.170 hcrld i (‘lcrlcy . (‘attic rccoipla \verc l,l1(l llenil. (‘oltlnlnrllu Early snlcs of cnttli- worn prnctlclllly (‘ollinlvna . nil. About 4 loads were weighed for (honinurcliirn clport nnii llliimt 210 hcnti for local Pfdm" in M“ sL-lilghtcr. Pt-iccil wt-rc not estnlllish- F; gxfflkn (‘l1 . - i‘:llf rcccipts wcre 1.280 head. (‘nif :‘_:‘“'||'I\I“:§‘o trnillllg wns fairly nctivt- (mod quill- ‘fnmnle’ ' il_\' cnircs wort- firni to 2.5 cents hlBh- ‘lmmfllh"' er in spoilt (lthor grades were about (jmh BM" atoildr. (loud calves rllnged from (run Gnm $150 to 8 with thc hulk around H - ‘jrirmdnm 7.'i .\1c1lillnl kinda were fl-olll $4 to o $1.15 11nd; common light. rcnla scliinK (girlgflzzold "rwlviililllitffll. ranged from I2! T5 to $3.25, S‘ 1W7?" (lrllsacrs brought from Si’. to 83-5"- Hlk ‘M’ Hood and (‘IIUIPP vcill. . to $02 n: ‘if ronlnlnn nnd nlcditlm. $2 75 to 8i M; 22w‘ gmsscrs 5'3 io $2.50 _ I u "an Shot-p rccclpts were (121 head . ' ' vvcrc slcntly Hood quality ifkk hm‘! lllvlilght $7 with culls fll $-- ‘Elrk k" lllm of fair tn medium quality in 5")‘ Li" 9 ivcil lots sold Ill $0 to M fill Nhwv I‘ Sh?” \\.~r-\ moving slowly at 51m to 3-’! L" "M" l-Iwca $1.50 in as; lzlnlhl, goon. $1: i‘ V", t-iunnlon $5 to $41.71" _ ‘hi’ L" Hit] rr-r-t-ipts were 1.102 hcnil. ‘lhrco ‘Ilflfllldhc n; (our lollila (if hogs were sold MP1!’ ‘n’ n; $11.50 for hscons fcd altd watered ‘ifxflliziai “nth cuts of 40 cents per hllndrcd- “anal; n iw-ight o extra hellvles One lot of! 50 “fawn?! ~ - n. mo!" ION]!!! avcrliitlnlf 00 hi» -“ wan"! .... sold m sf i1" l": W" “m .111" m, _ _ _ frnlil $0 to S‘! -.5. “In For '_ ' —-—-' .\|off Hail . Alone-ta

i

(Canadian Press)

NEW YORK, July flit-Lending cur- rencies performed 3 lifeless fashion totltly on foreign exchanges allil shilwcd negligible cllullgcs at the closi-

Star-ling ended lit itll low for tili- iiriy 50114’ its top ivzlii fill-Hg. Th:- net. hnnge from Saturday was a loss of n. The (‘lllindisn dollar got up 1-l(i pcri-t-llt to closc at 1 7-111 percent premium. Thr- French franc finished ill. 1359",. ilp

IIONTRIJAL.

July ‘_'3—The continued tn lose ground on Mont- rczll currency exchange; toilay while the l'nltecl States dollar also ileclincil and the French frnllc remained lin- chnngoil. Sterling was off 7-111 of ll ccrlt at H 97. The United States ilol- lnn cased 1-10 of one percent to 1 i-iii percent discount. and the franc held steady at 0.50 cents.

GRAIN

(Canadian Press)

\\’ YIPEG. July ‘LT-Even the cus- tolllnry closing flurry was absent to- day lls wheat filturt-s prices closed s slow session of the Winnipeg lirllin Exchange today 1,.‘ lo ‘in cent higher, July at 350g, October 361., and Decem- ber s“, cents.

'l'rntling was slow slid featureless today as trildcr-s, lifter till opening outburst tll.lt pushed prices up more than ll cent, left tile market. to ltsclf. llppilrclltly awaiting fresh develop- ments in world crop collilllolls Tile curly advance soon nus largely lost and vnlilcs for most of the day idled lit levels only frnctionnlly 111love 5st- urilllyZ-l close.

Offerings were light throughout and the strong Liverpool market. aided in off setting weakness at Chicago Prices ill the English exchange closed 11/4’ to 151,41 higher, chit-fly tlle effect of further_ adverse crop reports froln Europe Volume of operations in tile

pound

lot-ill pit. was the smallest fun some days increased Argi-lltille prli-cs over the

weekend featured the outside llivs as exporters were llgnlll ailvnnccil.l.l1-j.':',. exporters tlicr ongilill advanced their offerings in line \rl_tll li-oriii prices (‘nllndiilll export snlcs lOtiflvV. how- ever. lvcre alllnll with nil figures av- ailrllllc.

(‘nail griliils, reflecting lurk port dclllllnil. ivl-rc sold ailii sitrcilils closed practically ui-llllngeil. (‘onrse grains fiiillft-‘S .1150 were fmtllri-less, with flax trailing most i-l‘ tllc session at sharply lower lvv