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Grcst Northern pfd is

run CHARLOFITETOWN cuaanuuv

Ps§e.;;;

mm: 1s. was i‘

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'MARKE.'_1_'_GOSS P

p; Johldol mfihrrs Special‘

uosnrao nuns Lass-u

NEW YORK. N. 11., June ll-llon- “y. up 1" 1 continued yesterday in most the seals o curing in the his flit . Uu ll. m dsftdr- noon the market was rather quiet ",4 only lrsetlonaliy higher. Special ‘m, 3th began to develop in the rails wit?» extended to the balance of the list. A number of the stocks made

hi u . “w ' ' the Dietrich

Th. close vots on

‘Amendment to the Wheeler-Rayburn

Bill was somewhat of s surprise in view of the presence against this amendment from the Administration. The vote was onsidered as encour- aging since it suggests that conserva- tive tendencies in the Senate are

growing.

Both the Dow Jones industrial and rnil averages penetrated their May highs yesterdays so that a Dow Theory confirmation of the uptrend has been given.

Luldlaw and Company.

SUMMARY

NEW YORK. N. 1K. June 12~Gold 140s 0d against His 10d Tuesday.

New York (‘cntrnl April not loss QhQJLltriZ nftcr charges xiguinst $140,138 in April llliii. 4 tnonths net loss $(.’,~ 513.851 against $1,112,105 in like 103i pcrlod.

Anicr-lcsxi Petroleum institute cstl- mnles gasolinc stock for week ordeal June 8 at 52/220, bbls, decrease 1.14 .- 000 hhls from previous wot-k. Senate Passed Wheeler-Rayburn l. lily Hold lng Company Bill by vote 0150 to 112, previously having deflontcd by a vote ef i5 to 44 thc Dietrich Amendment which would have nubstitirted regula- tlon for dissolution. Before final passage Iilll was strrngthenrd and ruade lighter hy Amendments offcrcd

hy Senators Borah and Clark and ac-‘

vented by the Senate without s record vote. U. S. Electric Power output up 4.2 percent in week ended Juno 8 against :43 per cent increase in previous week.

London bar ‘silver d2 13-10 off ego. lllsl Low . . 117,511 115.77 111.08 . saint: 31.0 dm-r .02

Last

it! Bonds ...-

_ Dow Jones.

IANOIWI ‘DINING LITTER-

uouvnasn, one. Juno ref-moo.- trials moved up liriskiy yesterday, hut so fsr filled move dccielvcly through the tops recently established. I em doubtlul whether lndustnials will extend their recovery materitllly before the decline ls again resumed. Traders who have noted on my sug- gestions have now accepted profits nn prictieslly all American industrlals. Rails showed a better tons yesterday and have every indication of being in a position to advance lmrnedia sly. Utility weakness, however, which is

now in prospect may. DOIIWIW ll" ' 1 suggest

recommended American Gss snd ctfll‘, North American, cons, Gas and Pub Service of New Janey, In g general soiling wave these issues are likely to resist pres- sure hfitcr t average. Traders. however, who do not want to rar-ry the e down might consider reducing hol rugs by (50 percent. Gold shares showed a hotter tone yesterday. De- mand howvecr. has not 'et shown sny pickup. la gen rel lltte has de-

veloped to s st t at the golds are rmuly to mo upward in the immed- iate future.

Bnnon.

aspirin LETTII- Tuesday Ironing,

NEW YORK. N‘. Y., June 11-'1‘_he industrial‘ averages whose formcr high, just hcfor-a the recent sclbnok was 111.82 went. no 117.00 today and the rail and utility nvcrngcs went n small fraction uiioro their rcvont highs. A technical seoback 0f 1105017!" 1y 2 points wtnflrl be in nrdcr before the advance is rcsumcd. Phillip .\lor~ Ils hsd a setback of 1% pnluis which ms be extended annthcr point, attor- whfch it should go considerably above

a ' hi h. n1;'§."y'u'e'('|§..rs rose to 40% ("Hi closed at 48%. but l would not inkc profits yet. Chuyslt-r got. up to (Ti/z and, while it. might react a point or so. would hold for \vcll above no. Fairbanks Morse-i would hold lt for an entirely new high.

The rails did a little bcticr today and those rccolnmnndcd u wet-k or so ngotas iiircly to make tho best showing if til y ever get started, viz —l7nLon Paclfc. Nor Pacific, Gt. Northwestern, Nickel Plato pfil anti Atcblsou, were the only once to rise over a point ouch, with lJu Pacific up shout 3 points. The great sln-ngth in railway bonds yusicrrlily and today would fort-shadow a further improve- ment hut don't climb for thcnr. (‘ol- umblsn (‘nrlmu which you were told to buy buck at 81 ion days llllu mndc a ncuj high for the your ut 02% and while it might real-t u point or two, would hold for 08. You won.- sup- posed to be 1on5: at tho low prirrs of Raturdny n wcek ago and illouriuy, June 3rd. Iiccp lnug. but dnn‘t bvrn- ruld now. You can still buy American Smelling ll. ("erro (in Pasco. l...S. smelling 110. Fairbanks llnrso 2.’! and Howe Sound if it reacts to i0

Baring.

BANOWS "NOON LETTER"

MONTREAL, Que" Juno 12- Fltrcngth in tho rolls this ruornlng is impressive and sugircsia market is llkcly to movo snmorvilnt hlnhrr ho- for-s readjustment is resumed. lltll- iiles have hz-lrl well in (be face of unfavorable ncws. Bclleic. howcvcr, that some further- holiing in this dir- islon should (tort-lop. Sumo qunrtors are connecting tho current strength

the rails with the brighter pros- perts for s revival (‘llpilill

goods industries. lgoroun demand for shares of traceable to

reports of largo corporations within its territory compared to subnorrnnl crops last 2 years.

New weakness which huh developed in gold bloc currencies suggests that internal position cannot be too strong.

The improvement in sales of cloc- trlcal in 103i was chiefly in the ightcr lines. and was only slight in larger capital goods. The totsl improvement in sales for the electrical industry in 10H was about

per ccnt. compared with 1033. Assd Tel anti Tel. re orts not ln- codre [or 1B4 st 8103.0 against $3,- I‘! IQII‘. Working esp-

of th".

»"/'\. N l f‘.

ll~\\l~

(aqua et 51.2.5 per share for first halt of 1035. Report stses operations for first five months of year con-

Natlonsl Breweries is attributed to

general ensctstlorn of record earn- ings during 1980. Bsnou. _..-—-—-—-—— onsru ..

(Canadian Prose) CHICAGO. June l2—Severe tumb- les of groin prices hand late today with reports that when: harvesting had started st some points in Kansas.

Fears of augmented selling pressure as a result of harvest operations lcd to breaks of shout 3 cents a bushel in wheat, and established a new low price recur-d for the season. Nearby deliveries of wheat and cor-n sold st identical quotations.

Wheat closed weak 21.43% under yesterday's finisa, July 80V4-7s. corn 1 cent to 1%. o , July SMA-‘Vs- 08" 7.57., down, and provisions unchanged to 10 cents.

lViNNlPEG. June 12—

Failures of foreign demand for Canada's chief commodity to improve on the scale-down accentuated the hearishness. Today's exports again were insignificant. A lg-lid decline at Liverpool and a fractional loss st Buenos Alrcs also were bearish.

Other market ucwa was featureless. Sympathetic to wht-ilfs notion. course grains futures i-nscd fmviionully. (‘ash grains continued dull, prices about unchanged.

MT’L. CURB

(Johnston and Ward)

sure!"- . Opened Last Assoc Brew . . .. 12% 12 Ablilhi . 70 80 liennhnr-nois . . . 3&9 351;: Brew Corp com 3% ii Brew Corp pfd . 21% 215V. rim A1110!‘ 0n .. 101A 11m, Champ Oil Pftl 1 7 Con Pup 00 100 m. Scag 1r 11 Ford of (‘an A ‘.54 ‘J4 Grocn tltubltli . 20% imp Oil .. :51 imp Tob 13% lliil Pet . 30 Melt-hers A 10% Mitchell Rob . 4 Nurnutls . 30125 Tcck Hughes 4,06 Walker Brew K50 HYTBIICIBI C ' . . (Canadian Press) MONTREAL. Juno i2—-\\’l\lio Ills

French franc was unchanged both the pound sterling and the Ifnitcd States dollar declined on Montreal foreign exchanges today. Bier-ling‘ was off

of a cent at 401 15-16 and the dollar dropped 1-32 of one er cent to 1.00 51-32. The franc was unchanged

i

at .1

NEW YORK. Junt- 12-—Len(llng currcnclrs ruoved _ narrowly in the foreign exchange markets today.

Sterling dipped to 81.9355 before steadylug to close at. $1.06 l-8 for. s net loss of 0,5 of n cent. The French franc was off 110% of a cent at 0.09 or’. while tho Canadian dollar held un- changed nt a discount of 3-1" oer cent. _

Miscellaneous

(Canadian Press) MONTREAL, Juno 12v Wheat hor no 2 86.

Oats feed no 1 43. Flour, spring wheat patents, firsts 85.10. Flour sot-ands $1116. l-‘lour bakers “J30. Flour wlntcr wheat patents, cholco $3.70 to $3 N). Flour white corn $5 50 to $6.00. Bran ton 25 25 to 20 25. Shorts ton '.‘ll 3i to 21.13. Middilngs ton 20 25 to 31.215. ltolied outs bag 90 lbs 3.0K. llny no ‘.3 pcr (on cur-lots 12.50. (‘lu-osc no 1 currcni. Ont 0%’. to 10$. Blittcr no 1 10% t0 20. Eggs in cartons A large 2!) t0 26. Eggs A rhodium '13-'31. Eggs B 2'.‘ ‘i Eggs (‘. 20 21. Potatoes: North Cor bbl's $4.75 to

$6.00.

Virginia bill's 34,16 to $5.09- Bornurtlira 50's no l 50.

Bermudas ‘s No 2 $1 ‘.5 Qm- M's N ll 80's » - I‘ E l W's

PRODUCE

(Canadian Press)

.\lO.\'T1li-l.\l.. Juin- l‘. Prices rang- cd from steady lo oaslcr on the llont- rcnl (lair-y and produce markets to- (lny. On tho butter murlu-t prices were lit-h. to ‘.10 ccnls pt-r pound for no 1 in cnrlois or loss with lots to rctollcre soiling at 2i cents for solids nud 2'.‘ t-cuts for prints.

At ihc wcckly auction of butler and cheese 012 hum-s of no Quebec bulicr sold at 10% cents pcr pound and 4d luoxcs of no 2 wcnt for 10% cents. Thcrc were 403 boxcs of Quo- brc ohccsc, tho No i selling for 0 cents und ihc no 2 bringing 8 cunts.

(‘tircsc prices were from 0M, in 10% cents per pound for no 1 current On- tnrios. -

The egg market was barely slcady at recent advances. (‘vrudcrl shipments in carlots or less were 2i to 22 cents n dozen for Adurgc, 20 to 20V, ccnts for A uicdlrlm, i0 to 101/, ccnis for ll. and 17M; routs for (l. Lots tn the rclall trade were quoted at 25 to 20 cents for A-largc, 23 to 24 cents for A-medltrm. to 23 cents for B. and ‘.50 to ‘.31 cents for C, ln cartons, and s cent loss when bought loose.

New potatoes were oaslor on the potato market while old stock hold steady. North Caroilnss or Vlr lnins were 84.75 to $3.00 a harrr- and Bermudas were $100 for no 1 and $1 2.‘- for no 2 per (SO-pound crate. Old potatoes in 80~pound bags were as to 40 ccuis for Quebec. 40 to 45 contl for New lirunswlcks. and 46 to 48 ct-nts for Prince ltidrvnrd islands.

Graduate (taking iesve of teach- er): All I know. I owe to you! Teacher: Dorft mention such a

VARNVutil T.‘ "u: Hill's" nutm-

trifle.

ii NA M l"

tinuss satisfactory. Bullish action of ~

went hand in _

Markets At . Chums

(Canadian Press

Toronto stocks slightly higher.

New York-Stacks lower. Wlanlpeg—Wheat down 155. New York-Cotton and coffee

es; rubber higher; sugsr (lichen

MIIXIlVG

nzss, the mining section of the onto exchange pursued s quiet c today. On reduced voinms the

share index had s decline

the unsettled bsr silven market.

Teck Hughes forced the price to 4 from which it 4.05, off one cent.

30 ccnta euc . TORONTO, June 13-

smu- Acme Oil Aft

on ... ~.. Ajax Oil .. Alex Aigold Algorna Anglo H . Ashley . Astoria . Bagnmnc .

. y“ ... ... .-¢

(‘nlomnrio (‘onlnrirni D Mines Eldorarlo .. F Bridge . Gods Lake Goldale Granada Greene

Gunnar Holilnger . Howey J hi (‘nus Kirk (‘Fons .

biacassa Mun linsi. llisple l. .. Mclsit-nzle .. McKinley . .\I(‘\'l|.tl~ . . .

.\ic\\'nttcrs . Min i-lf]! _ .\loi’f Hull

Mont-tn Morris Murphy .. Nlpissing . Nomntin

Pnyruastcr .

Pet (‘oh . Pick (‘ro . Pioneer Premier . . Pros Air

Sylvanlta . Tashotu ... . ‘Peck l-lugh Texas Toburn . ’l‘0\vugmac . Vnnson . Ventures .. Waite Aruu

\\'nysl(i~ .. lVriglxt ll Ymlr Y (l Silver ... 'l‘otnl sales ‘ii-i,

IJNLISTED

Alder-mac . Brett Tr l-irnwnleo . (‘hurch ll (‘nhalt

l)al Oil . Home Oil llutl Bay Kirk Tm Laka..\lnr Mnlroblc Mandy

GRAIN

(Joisnstols and w-m cnrcsoo, June 12-

A

) and llontresi-Jrsdultrisl Toronto Mines-irregularly lower.

lorr- led.

(One-slit Press) TORONTO, Ju 12—Dlsplsying neither strength nor definite weak-

Tor- eurse gold

of .14 and miscellaneous mines 18. Trading was a little more active in the base metals than in recent sessions and slower in the silvers which reflected narrowly

The buying demand for the senior gold stocks was thin and offerings of

down

recovered to

Pioneer was the strong issue of the group at 10.20, up 4 cents while Hollinger gained

l0, Bralornc 10 and Lake Shore and Wright Hargreaves weakened 15

t0

Olose

gt-lqrau|>'i§-ha=-na:=_r¢q?§h:r:b gziii s-S i$ a< iifiwiei

\Vbcst:— lllgis ‘Low Last July . You e095 sari Sept MK 81 81% Dec so as am . July iii,’ 80 80% Qept . T4 7422 Dee h Q 02 Ost-s

01:4 110m

N. Y. Stock Exchange .

lhekl Opened 14d

(Quotations tarnished by Jolgshvs and Ward members of the out real Stock lnlsage, Isntres Curb Market. 156 Richmond Street Ohsrietlehvlu.

Ilocll Opened

Air Red . Allied Chem . Allis Chaim All R ..

Amer Can Am Car Found Am Am L Am Am Am

0011130!‘ IIOI

Atchison . .. .. Auburn Auto . . ... .. . iluld Loco Ilait Ohio

Briggs .. Byers A Al ... Burr Add Mach ... Con Oil .. (‘an Dry Gin . (‘an Pnc (‘use Thresh

(‘fol Fuel iron‘ (‘oluur (ins Elec .

East Kodak _Elec Pow Light ilirle First Natl Stores .. Frcepor-t ’l‘ex Gen Asphalt Gen Elcc Gen Fonds . Gen Mot (lold Dust . Goodrich Rub . Goodyear Rub . Graham Paige Great West Sug

stalks"

. Ill Kan (jlty Kan (‘lty South .

Kclvluntor . lien (‘upper

Lambert (‘o 1.1g llycrr. B Liquid Carh . Loews lncorp Loose Wiles Bis llcKecsport ’l‘in

Mack Truck . .

Noll Bis . Natl Dairy Pro Natl Pow Light New liavcn New’ York (‘en North Amer

Radio l\'<~|'tlr )r Rep iron Sic-l Snfrwvnr‘ Storm-l Hours lint-buck .. Shell llniotr Oil Slur Co .. Sol-nay Yuc .. South Pat- Soulh ltnil Stand liruntis Stand (ins ltllce Sinntl ilil (‘rillf . . Stand (ill N .1 Stewart \\'nrucr . Studebaker 'i‘ht-r|nold Texas (‘n .. Tcx Gull‘ Sui Tim Roll licnr l'ulon (‘trrlildc (‘arh Fninn l'.'u- .. Ilnitod Ala . Ynitod (‘nrp . United llrug . . . . .. ,. United (ins imp ll S 1nd .-\l U S ltublmr . . ... U S lllrlllwr pfrl ... U S Smelt U S Slot-l .

Van Stool Warner llrns oi‘. . Warren lirns ... West l'ulon \l’ost Elm‘ .. . . Woolworth (‘n Worth Pump . . .. Yellow ‘frock (‘ouch 2% ‘Z01

Use MinsrIPs for lvlltrs

Mt '1. Stock Exchange

—---

(Quotationslfurrrlslrcd b! JNlfl-IW" sml Ward Members of Montreal Mock Exchange, Montreal Curb Iprket. I56

ltlchmnndt Street, Charlottetown). Opened

Stick!

Iiaihursi: A Iioll Tcl llraz T L Pow B U Pow A .. liruck illlk . Ilulid l'l‘u(| (‘on (‘nr (‘our ifau (‘on phi (‘nu (‘t-l cum (‘e1 pfil (‘t-nu 001A- . .

. ,..

not... no}: ‘.111 . .\t.rih Pow

. . 6- ._- \ n . 0 5V1 < .mllh Pap . 19 lull .‘\' (cl . ‘lflll; int! l'(\\v phi . ~15 u if “Winds . S

. t-v

llurrls

...‘... -lll I; 4-1‘ ._. 1m mo mums 1A3 173% 1m

.€_._

(Canadian Pr ls)

MONTflEAil, June 1% British and foreign exchange in rc nt-ion to tin- (lanndlun tlullafr as compiled by t)n.- Ilbyal Bank of Canada closed today as follow.s:—-

Argentina peso .201’.

Australia pound 3 lliJJi.

Austria schiilrng .1004.

Belgium D9121. .1 .

Biagil mllre" . 2.

Qhlriu Hon Kong dollars .0881.

Denmark one .221 .

llfrnntm frank- .0001.

Gertnurr rcichsruat-k .4040. Grco't rl _in pound 4.04880 Hungary p2 1B1.

India rupee ..'i~i7.

ltuly lire . . ' .1 n yen

Nofv Zoahtnrl pound 8.0032.

Poland non nil‘.

South Africa pound 4.025%‘.

Suction krone .2

Swiiserland franc .3271.

Vnitod States dollar 5-H per prenriunr.

NlilV YORK. June ‘l2- ohtuiac lrrogri-lttr. 4.514%: ' (lay bills i 02%: France (‘i W05 R25: liclglutn 10.01; Germany 40.37; (lanolin 0i! iii-gill.

(‘losing rxt-hnngc r tca:-»- _

At lionlrcak-Phun 4 04 15-10: l7.

cont

S. (lollrir 1.00 5-122: franc (l (ll ovals.

At Now York~-l'ound 4.91%; Pa“. nrliou dollar 90 13-10; franc 6.50% cents.

At Paris-Pound 75 0B fr: l‘ S dol- lar l5 1S fr- (‘hnndlnh ollnr 15.14‘. fr.

in gold-Tound 12s 1 ; U. S. dollar- 5041 cents; Canadian dollar 50.3: cents.

(Canadian Press)

ItIONTRIDlAL, June 1,2--'O(fcrin:.'s on the two Montreal llvcstnct: today totalled ‘.504 ltcud nud worc coin- pnféri o’! lid calves which wore o[_ common to just. fair quality and xvcrc ‘ accord-

fcedcr hrms was were @0111 at t4 to so i-udh for fcedors wclgbl-n itctwtvcn 20 and .'i0 lbs. t t- lot. di‘ nmut. 110 fccrlt-rs averaging lbs., brought. $12.50 p0!‘ huuilrctl-

Fittvntrtn 0i till. MART

(C. P. By Guardian's Special Wire) MO , J1me l2.—-Demund wes again of n. highly selective not- ure on the Montreal Stock Exchange today but. the list generally revealed an undertone of strength as utilities and power groups led the way sli htly upward. he feature of the market was a loss of three points by Consolidated Mining and smelting following the Company's declaration yesterday of s. dividend of $1.25 a. shore for the first half of the year as compared with $1 for the first half of 1934. Another issue to hold a spotlight. was National Breweries. which mov- ed up froctlonnlly to a new record high of 367a where it; held n gain 0L ‘Y’. point. Eeli Telephone also (vns

fairly strong gaining 1'. at 130. Among the power issues Motitrcnl

The Ilralsh four-muted ssiilnghsrqne. Hrrsogin Cecilio, the lsrg- est on Lloyd's list of sailing erstt, srrtvhs Ialsr fdl sell from Aus-"illl- 0i l-‘slmwth. lustre!