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SiTOCK 0Q

FEBRUARY 1, 1936

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CHARLOTTETOWN GUARDIAN

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" jtMoming Stock Letter

(luccivofnwcr Pitfieid and Co's Fin-irate Wire) NEW YORK, Feb. iL-Dlvidend

meetings cheduled for today are Crown Co k and Seal, and May Dept. Sterile. '

It.ie believed that a definite

m; program will not be submit- ted by the_ administration for at least a we lt. Last night inflation- ists in Cc gross warned Demo- cratio Congressional leaders that they would open the fight to pay the Soldiiec" Bonus in greenbac‘ within twzrweeks, when Presidents new tax is expected to be divulged. At the sums time the American Federation of Labbr is backing the President against currency inflat- imnwe would expect the market today to attempt to renew its ad- vance again. Stocks which we be- lieve will be among the leaders and which We favor are Std. Oil oi Calif, Oousol- Oil, Southern Paci- fice. New York Central, Central Asphalt, Oliver Farm, Intemation- a1 Harvgtsr, Westinghouse Eiec. and Mfg. Co.

News .Summary

Alaska. Juneau estimates profits after opprating expenses and _de— veiopmolit charges but before de- breciatloit, depletion and Federal Taxes, against $130,000 in Jan.

Montrq al, Feb. 0—Quebec Power report earnings oi $1.07 on the common shares for 1935 as com-

pared with $l.22 a. share in 1934. Net working capital of $720,390 compares with 041,756 the year previous.

Preliminary estimates of Shaw- lnigans ‘ for,l935 place them at $1.10 per shares as com- pared with $1.04 in 1934. 7111's, how- ever, after_additlonal charges in the current year against amortiz- ation of bond discount.

Power output in 1935 will ap- proxlmaie 85 1-4 billions. It is understood that the chemical sub~ sidiartes profits will approximately equal the $774,914 shown in 1934.

Power Corp- for the six months ended Dec. 31 report net earnings of $645,000 as compared with $643,- 000 the same period a. year ago. The value of the company's port- folio, however. is indicated to have increased some $4,000,000 during the 6 month period, giving the mmon stock a book value of approximately $16 per share.

TORONTO, Feb. 6—-It was re- ported last week that encouraging results obtained by Lamaque Gold and Sigma in Bourlamague town- ship, northwest of Quebec, have drawn favorable attention to the possibilities of the district and it is understood that some consider- ation I: being given directors of Lamaque contact, gold to addition- al financing for purpose of con- tinuing exploration work on the companys property adjoining Lam- aque Gold Mines to the southwest.

M91. Stock

Exchange

(Snppllull by Pitflelci and Company Jicmun- a or lilunireul efock exchange Curb urhet)

Itorln

Open Lust

Currencies

‘ (Canadian Press) fl_MONTREAL, Pleb. 6—-Pound

911108 save ground on Montreal ‘Qrelsn exchanges today and eased 15132 of a. cent to $5.00 31-32. The United States dollar was off 5-32 of one per cent to e0 21-32 cents ‘While ill/s. French franc eased .01 0f, a cent to 6.68 cents.

now roux, Feb. 6—Only min- ‘or changes occurred in the ‘foreign ‘Biijhlnlfl markets today.

\he Canadian dollar was quot- ed at a premium of i-ii oi one per "W- asainst 1-10 yesterday. The hound s.erling held unchanged at ‘ff-Oi 3-4 while the French franc, "ii-WI! at 6.89 1-2 cents. showed a lain oi’ .0014! of a cent.

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ANNOUNCING

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(Canadian Press)

Closing exchange ratesr;

At ‘Montreal-Pound 5.00 31-32; U. S. dollar 99 27-32; franc 6.68.

At New York-Pound 5-01 3-4; Canadian dolIar.i.00 1-8; franc 0.69 1-2.

At Paris-Pound 74.24 fr; U. S. dollar 14.94 1-4 fr; Canadian dol- lar 14.95 fr.

In gold-Pound 12s, 1d;- U. S. dollar 58.51 cents; Canadian dol- lar 50.53 cents.

. NEW YORK, Feb. fi-Forelgn ex- change steady. Great Britain high 5.0‘ 7-0; low 5-01 3-8; ciose 5.01 8-4; 0t day bills 5.00 3-8; France 169 1-2; Italy 8.03; Belgium 17.06; Germany 40,80; Canada 1.00 1-8.

MONTREAL, Feb. 6—Briiish and foreign exchange in relation to the Canadian dollar as compil- ed by the Royal Bank oi Canada closed today as follows:-

Argentina peso |2783.

Australia. pound 4.0025.

Austria schilling .1907. .

Belgium beige .1706.

Brazil mllreis .0585.

Chino. I-lozzg Kong dollars .3288.

Czezhoslovakiu crown .0420.

Denmark krone 2230.

France franc .0068.

Germany reichsmark .4078.

Great Britain pound 5.0097.

Greece drachma .0095.

Holland florin .6872.

Hungary pengo .2980.

India rupte .3790.

Japan yen .2923.

New Zealand pound 4.0420-

Norway krone .2510.

Poland zlotl .1316.

‘ South Africa pnurzd 4.908‘

Spsin zseta .1388.

Sweden krone .2585.

Switzerland franc .3306.

United States dollar 5-32 par cent discount. _

(Ruppllrd by Pllllrlcl and - Company Members ol ."Gl".fl'{‘!7| ninth rxrixangr and (‘urlr film-Ital)

If»! k ’ Open Lust R A \\ . _‘ . . . . . . . . .. L”: :34. Dom s nrra . . .. 111/ 111/, Ford it .. ’ , 25v, 9-,!" Imp (ill . 241/, fir‘, Int I'M . 3,017, {n.1, liolrliors ... ll‘" _'

PRODUCE

- (Canadian Press)

MONTREAL, Feb. 6—-Prices rui. 9d Blfifldy t0 fiimer on Montreal open produce markets today.

Graded shipments of egg in car- lots or less were g cent; fly-m" M, 2B cents a dozen for A large, 24 for A medium. and 22 to 29 for A- pullefs.

Butter was steady at,’ 22 1-3 go 23 3-4 (ents a pcund for carlots or less oi no 1 while lots to retail- ers werel24 for solids and g5 gm- prints.

There were no receipts of chggge and No 1 Ontario colored was nominally quoted at i2 cents per pound.

Potaioes were unchanged at 01.85 to 01.4’) for Prmce Edward Island mountains and 001.30 to 01,35 for cobb.ers, per 90 pound bog, In m- pound bags. P E I mountain; w"; 01.20 to $1.25, cobbler: 01.15 to 01.20, New Brunswick: 01.10 to

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Quebec no 2 whites 90 cents to 01.

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$1.15. Quzbees 01.08 to 01.10 and ‘

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Profit -, taking On. Montreal Stock Market

(C. P. By Guardian's Special Wire)'

IIONTREAL, Ebb G-Trnders paused to take profit from recent heavy gains on Montreal Stock Exchange today and only a few powers and selected issues made headway.

Metals, textiles. constructions, liquors and beers were off at the close of a session that saw volume decrease considerably. Banks held barely steady.

Quebec Power was taken up in large blocks and firmed a point when buyers learned that the company's annual re ort showed greater improvement an was an- ticipated. Canada Northern. Shaw- inlgan, Southern Canada and Cor- poration gained fractions.

High-priced utilities were heavy and Canadian Hydro-Electric Pre- ferred turned over rapidly for a loss of more than three points. In- ternational Power Preferred lost a fraction of a gain of more than 12 points yesterday.

Consolidated Smelters dropped five points on a sale Just before the close after turning over in odd lot

TfEONS

N. Y. Stock Exchclngte

(Supplied by . and ‘Company Members of Montreal otoeirexehnnle and Curb Market) l

quantities earlier. i International Nickel found demand that boosted the price 3-4. Norarida and Holl- inger were even. '

Niagara Wire at 48 and the Pre- ferred at 59 3-4 reached their high- est points since 1934 with gains of three and 1 3-4 points respectively. T00kg Brothers Preferred added a point on its first transfer in recent months. -

Sales were 33,494; bonds $3,100.

MINING

(Canadian Press)

TORONTO, Feb. 5—The gold share market was moderately heavy today on Toronto mining market while other groups held sfcady to strong. The 801d ShBN index oiosed at 132-29 which was off .68 for the day. Miscellaneous mines did batter, closing .90 up at 138.41.

The gold group feature was Buf- falo-Ankedte, selling up to 5.05, a new high, and closing ‘at 5.95, a gain of 25 cents. Selling of Mac- assa appeared and the price broke 10 cents to 4.05. Pickle Crow lost 15 cent. Dome weakened 3-4. Mc- Intyre 1-4 and Wright HBYSIWVBS gained 10. Tcburn came i0 the front with a gain of 18 cents.

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Stocks 99°" 14"‘ All‘ Red ... ... . . - . H1921] 1D§ Allied Ubcui . . . 105.5 Idol}, Am Can . 115$“: 115 Am For Pr . . 8% B]? Am For ~l'r 1'f\l . 38% 33 Am Lucu .. . 301g 30V: Am tiil Z4 24% Aux - 00 170V; Am Waiei 22%) Anaconda 52% Atcblaou 75 Auburn 45/: - 32 ti 10V: 24% 52. 51f‘); 13% as 110 = 59 Chrysler 03% 04% Com Sol 205,?“ 2022 Com iiou 4-’ 4 Con Can . 78 78% (Pun Gas Cu 34% 34% Corn i'ro<l 71 70% Curfias \\'r 41/4 99%: 145M 38% 14% 3'.‘ -|U|,§ 34 3.1% ‘ ‘iii Ill 10% . . .. 211v, 20% illiil Mo! Cur . . . . . . . .. 15 _l5% 1i Cen 23 237g lutl Hor- . . . . .. 41H; inter Tel '1‘i~l ' 3i Johns Mun Corp 116 KQIIIIPCOU. . . . . .. 3H “is! 1'00 11y 111% Mont Wunl 301i’; lilurrny (‘Orp , , l9 Natl Bia .. 2d N: (‘nab lit-f 27 ‘New York N ll 5E4 2S5’ L’? i4 11%; tilt 47 Pure Oil Co 10% Radio (‘orp . .. 12% Radio Kulill (lrpll . 7 Sears ltoc if.» 04 1 Shell UiLiJll Uil i7 South nc . 30 Std Oil N J . . . . . . . .. 5D Stuilc Con» 10 Sun Oil Co 21,4’ ‘Pox For)» , 33% United Air .. 271/, United (Zorn 31,‘, United Gas imp 13¢); U S Rubber . . 10% U S Stool .. . Vuuiullum . . . _ Wirrnrr llroa .. West I nlon West Air Won! Eire Woolivorlh M ' l! ZSCG GHGOHS (Canadian Press)

MONTREAL, Feb. 6-

Wheat, nor no 2 90.

Barley. C W no 3 44.

Oats, feed no 1 36.

Flour, spring wheat firsts $5.70.

Flour seconds $5.30.

Flour bakers $5.20.

Flour winter wheat choice $3.75.

Flour white corn $4.00.

Bran ton $19.25.

Shorts ton $20.25.

Middllngs ton $25.25.

Rmled oats bag 90 lbs $2.90.

Hay no 2 per ton carlots $9 00.

Cheese no 1 Ont col 12.

Butter no 1 22 1-2 to 3-4.

Eggs in cartons A 1 large 35.

Eggs A 1 medium 33.

Eggs A l pullets 31

Eggs B large 30.

Eggs A medium 28.

Eggs A pullets 2d

Eggs B 26.

gs C 25.

Potatoes 90's P E I mis $4.35 fo $1.40.

90's P E I cobbiers $1.30 to $1.35.

80’s P E I mts $120-$125.

80's P E I cobblers 01.10-01.15.

00's Que mts $1.05 to $1.10

80's Que no 2 00 to $1.00.

MONTREAL, Feb. iI-Trading continued light on the produce section of Canadian Commodity Exchange today with prices steady.

Butter Spot: Sales: 100 boxes Que grass, 22 1-2. Que grass (93 score) 22 1-4-94; west regraded 22 1-8-3-4.

Cheese Spot-Ont white 10 3-4 to 11 1-2, col 11 1-2 to l2.

Eggs Spot-Ont A large 26 to 28 1-2, A medium 24 to 2d 1-2, A- pullefs 22-22 1~2.

Markets At A

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(Canadian Press) Toronto and Montreal-Judas- trial stocks higher. Toronto Mines-Golds other groups up. New York-Stocks closed higher. Wlnnipoa “heat 1-8 cent lower to unchanged. New York-Cotton, rubber, sugar and coffee higher. (Supplied by Pitfleld and (‘nmpnuy

Mennbere of llontreel etort. cxrlulnll and Curb Mai-Let)

patents,

patents,

down;

Stock npe-n last finer (‘In Elec ...' .. 407;, as ‘or 1i - Cit Sci‘ 1h 7

‘The llentral Guardian

This column In renervrd for new! of local interest but advertising of I uewuy nature may be inlericrl at d cents u word strictly payable II advance.

concourse-anon use msua anon. v

11-6798-7- 12-812

SMART TO uE SEEN IN - Smarter to buy. Studebaker.

2164-114X.

ISLANDER DEAD-Mr. D. W. Matheson, Charlottetown, received the sad news yesterday morning of the death in Port Elgin, N_ B1, of his uncle Mr. Colin Matheson. The deceased has been confined to his bed for some months past.

HOLIDAY IN SPAIN—Mr. Ernest Weeks, son of Rev. E. B. Weeks, Millstream, Rhodes Scholar at Ox- ford University, England, had the opportunity of spending his Christ- mas vacation in Spain, where he visited the chief cities in that coun- try. He returned to Oxford on the 20th of January.

SUPREME COURT — Evidence has been completed in the case, Reginal Parkman vs. Allison Homes and Dixon Holmes, an act- ion for damage: heard in the Sup- reme Court before Mr. Justice Saunders. Counsel in the case are to put in written argument and the court adjourned until Feb- ruary 19. Mr. M. Alban Fanner appeared for the plaintiff and Mr. R. R- Bell for the defendant.

I. 0. D. E. MEETING — At the meeting on Monday, Feb. 3rd, of the "Royal Edward" Chapter of the Im- perial Order of the Daughters of the Empire, the members present took a new oath of allegiance to King Edward VIII. The Regent spoke with regret at the loss of our well beloved King George, who meant so much to the Empire. In taking the oath to the new King, we were to remember we were already the “Royal Edward” Chapter, lived in Charlottetown, Queens County, Prince Edward Island, and should

' be more loyal. The members stood

while the oath was taken solemnly. Then all joined in singing God Save the King.

POLICE COURT-At the police court yesterday a man charged with a breach of the Prohibition Act was fined $200.00 and costs or in lieu of payment three months in Jail. A woman appeared on a cus- toms charge and was remanded for om week. A man appeared charged with vagrancy and was sentenced to five days in Jail and the same man charged with break- ing ndows was ordered to pay the damage or spend an additional fifteen days in jail. The man who had been remanded from the previous day on a vagrancy charge was sent to jail for fifteen days.

WEDDING BELLS-—The mar- riage of Miss Margaret Isobel Sheppard, daughter of Mr. and Mrs. Alfred Sheppard, to the Rev. Murdock MacKinnon, M.A., D.B.,

sor, Ont. sou of Mr. and Mrs D. MacKinnon, of Prince Edward Is- land, took place on Saturday after- noon at the residence of the bride's parents. The ceremony was performed by Rev. Norman Coll, assisted by the Rev. Dawson Duke Elliott. of Perth, and the wedding march was played by Miss Marian MacLean, the mlo. “Deep as the Sea" being rendered by Mrs. Cecil Lester. The bride, who was given in marriage by her father, wore a pretty dross of Alice blue chiffon made with a short jacket, a halo hat of the same and she. carried Talisman roses. Miss Elspeth Smith, of Perth, was the brides- maid and she was wearing a. gown of pink chiffon with a hat of the same. and she carried pink roses. Mr. Hugh Blair, of Perth, was best man. Following the ceremony a re- ception was held in the Quebec suite of the Chateau Laurier, and later Mr. and Mrs. MacKlnnon left for their home in Windsor. Going away the bride wore a black satin dress with touches of coral, a black cloth coat and black hat-Mont- real Star.

PERSONALS

Mr. Sterling Beaten of the firm of S. A. MacDonald's, left this molming on /. short trip to Mont- rea,

Mrs. Hillard Arthur, Sumnterside, is visiting in Charlottetown the guest of her parents, Mr. and Mrs. R. V. MacIntyre.

Mr. Hillard Arthur, Sununerslde, was a visitor to Charlottetown, on Wednesday.

Mr. Ernest E.'Poole, President of Tho Poole Construction Company, Edmonton, Alta., paid a visit to New Brunswick last week- He visited his sister, Mrs. iRev.) E. S. Weeks, Mill- stream, King's County. and Miss Jean Weeks. his niece at Sackville, where she is a student at Mt. Alli- aon University. He also visited his aister-ln-law, Mrs. (RevJ J. W. u’- Brien, St. John. He returned west on Saturday via. Toronto and other Canadian cities.

Iii MEMOBIAM

MR- CORNELIUS CURBAN

The death occurred at the home of his aunt, Anna Hennessey, uor- chester, Mass, on January 21st, of Cornelius Curran, son of Mr. and

, Mrs. Henry Curran of Peakes‘ Sta-

tion 1n the 30th year of his age. He had been in failing health for over a year. In February last he went tofloaton in hopes he might recover hil health. He had the best of medical skill and tender nursing, and seemed in be improving for a while; but a week or so before his death, his illness took a more seri- ous turn. Everything was done for him that could ntlltbly be done, but he weed peacefully away at the abzvc‘ mentioned date. He was cheer- ful through it all and bore his siclu ness with patience and resignation.

Comic, as he was familiarly called, lxed n cheerful word and pleasant

of Chalmers United Church, Wind- ’

Riley Building Charlottetown Phone 822

A Publication for Investors’

Our monthly invutment pamphlet lists a broad selection of cave-intent, Public Utility and Industrial securities, and gives brief information on a number of attractive issues.

Ask for a copy of the February issue.

Royal Securities Corporation t ' Limited ~ 1;?

Ofim throughout Comsda; also

a

fis'Ncw York and London a

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smile for all and was always ready to give a. helping hand where it was. needed. He made many friends while he lived as was well proven by the number of people who met his remains at St. Theresa Station ‘andi by the Mass cards, spiritual bouquets and messages of sympathy that were sent from home‘ and abroad and by the large number of people who called to his home to express their heartfelt sympathy and attended his funeral to St. Theresa's Church on January 27th. His remains were accompanied home by his brother ‘Thomas and sister Alice, who nursed him, during his illness.

He leaves to mourn, besides his sorrowlng father and mother, and aunt Anne of Dorchester, six broth- ers and five sisters, vlz., Thomas, John and James of Dorchester. Mass; Michael, Cyril and Henry at home; Julia, Alice, Anne and Helen of Dorchester, Mass. and Kathleen at home.

Hispall bearers were his four brothers, Thomas, Michael, Cyril, and Henry; also his two cousins, Gerald Curran and Thomas Evans. His cousin, Thomas Curran, drove the hearse. Rev. Father Basil Croken celebrated the funeral Mass and performed the last services at the grave. May his soul rest in peace.

Card of Thanks

Mr. and Mrs. Henry Curran and family of Peakes Station wish to thank their neighbors and friends for the Mass cards, spiritual bou- quets and messages of sympathy, and for all the kindness and sym- pathy extended to them in their re- cent sad bereavement.

Mas, a. L. xarzan

It is with profound sorrow the Guardian chronicles the death, at NewporL-Idaho, of Mrs. Bertram L. Keizer, formerly of this prov- lnce.

The late Mrs. Keizer did not en- Joy good health for some time, and on January 0th her illness took a more serious turn, and she passed peacefully away on January 11th.

She was a woman of extraordin- ary flne character, a most edlfying example of the ideal Christian woman. r-