I. ‘Ill ° "an again reached today, attracting profit taking in a1 prices were there were

1

irfiltiillillfiitll’ the autumn recovery,

b f the leaders holéktirllsidcrglillxfl 2min; around the

setback in heavy profit nlihnuzh

1 iinud list: closed F hill-i: higher, in active trading. Igiaoriitles also eased off some-

morning strength which

h" m" t taking in

udid to accelerate prorl

arcs.

. th. 0 istanding business Prgorliiibltlie illhy (“lfliilfl alter the close the marlrct, when Myron f‘. Taylor, airman of the directorate 0f U. 5. pal slad in an interview, “it would pom. the buying movement cannot be

1a" delayed." Ir. Taylor disclosed that the corporation's com- mittee had authorised a 85.000000 plant-improvement prelrllfll".

u, B, steel closed up only s frac- tivm, after showlns e temporary 10s- of s point. American Telephone clos- ed off a smell fraction, after having “on, g temporary gain of more than 2, in the rails, such recent firm features as New York Central, New Haven, and Canadian Pacific closed off fractionaily. '

international Harvester was a strong spot, rising ii points in a large turnover, and closini; 010110 i0 the best. Miscellaneous issues finish- ing 2 to 3 points higher included North American, Drur. Corn products Air reduction. Mae! "111 4511111111101“ stores, and Western Union.

In the metals and oils, issues of substantial fractions to a 00in?- M the finish included American smelt- ing, Anconda, Kennccntt, Phelps Dodge international Nickie. iitariil- ard o N. 1., Socony Vacuum. Stand- ard of California, and others. Gen- eral motors gained point, act, in a large turnover.

What the stock market drill];

ll

a lion Number of advanccs .. ,.. 0R0 50-11 Number of declines .. t. 14R m Stocks unchanged .. a... 137 00 Total issues traded .. .. S15 711

Grain 'Market

WINNIPEG (Canadian Press)

WINNIPEG, Aug gil-liigher wheat hu-s at Liverpool and nu increase purchasing for export account v0 wheat a substantial upivurd mg today, Prices at the close were ... 1A ulghcr than Monday's finish. 9.3.01," gained ‘A to 551/11; Decem- sr and iliiiy cacli advanced 14 to v. and 0175i. rreuvvtlivily.

iii-ilging pvcssurc today was nu a [iiivr scale. ‘trading was fairly, (in! and although slight recessions iii-c injected fruui time to time, the p Ievcls were cnsiiy held, Liverpool ‘l! influenced by light receipts and icrcaslng stocks,

Export tradc was reported to the tent of 500,000 bushels, The. dani- p1 in itcuinnnian crops which dc- nilsiy puts that country out of the port field plus the withholding of ussian offers and lack of movement om the Soviet added to the bullish ailment abroad,

(‘riaadian vvheatds at present be- g offered in Liverpool on a C, i. P.

Isis at the lowest price of any nnipeliug wheats and the deinnud pperlrs to bs broadening consider-

i .

(‘fish wheat spreads were fraction-

ir higher for the top grades and

aerally unchanged on the others.

heat ilellvered t0 country elevators iwsiern Canada Monday tnttlllcil

711,000 bushels, or three times as

ueh as was delivered on the same y last year.

Coarse grains were uninteresting,

CLOSE

Wheat: Oct 55%; Dec 57%; hfay 1

Oats: Oct 251/‘: Dec 24”». Barley: Oct 8175: Dec 71131;. CASH PRICES ‘

Wheat: No, 1 hard 58% :1 No. 1 nor. ti; Ne, 2 nor. 51%: No. 3 not‘. 50%: ; N No. t1

n 4 nor, 45M 0. 5 43% 1., I-‘ecd 34" Track {HZ/ii You]. urum 5S1)’. 2 Ilurum 5206; N).

Duruui 44%: No, 4 Diirum 301;,

tints . o. 2 C, \V. 20M; N0. ii C, W. .1 Fee-d 9.51/4; No, 1 Feed

1.4 c. 2 Feed 211/‘; ReJectcd 16%;

rac 251,1,

Barley: 0 row ‘ex 1 t‘ W. 34%: 2

n

vvexfll‘.W,.'i .'0 . C,l\',3?‘\§§ u 4 t‘. \\'_ 110"’. ho .i i‘ ‘V, '28,’? o Ii C. ll’. "Vi. Track .17’

I10. T NEW 101th, Aug 2ll—i3nnilcii wheat owl firmer, Closing bids: Oct 51; ec 011A.

CHICAGO CHICAGO, Aug 23—Seliing pressure um I ram sion houses carried h“nt tn the lowest levels of the 1111.7 horlli" before the elm-m iodnv, and c running viilly failed tn lift quo- ticns materially. Trade had been risk all morning with prices general- hoverlng around a cent a bushel bore yesterday's close. A shari1 teak of about a cent at noon was nlcklv recovered, Early strength ‘amine followed stocks market n

. ,._ Wheat closed wr; near the bot- iil levels of the liiiV. biit “~14 a-

eve yesterda. s finish, corn 14-90 Ixhsr, oats E4 up, end provisions 11rd, lard ii-lil cents higher, and .illes 5 ifiwgr, (Canadian Press)

MONTREAL, Aug 23--Butter Id-

“"““'i "'11"? 10 the highest prices of h ir-vrnt upward move, becoming lo " "c pcr lli. For cariots or of l\o, 1 a gain of 1/,c for the - . This is roughly 4c per lb, Above he summer's low, when the Cana- inn market went down to an export M“ temporarily to dispose of the "'0'" 11111100‘ peak production, ne- cipia continue light production bc- x: down all ovcr the country. arriv- is In Montreal today were 20d boxes. mall lots to retailers were quoted Y 3111101112 houses at. 22c for solids rid 23c for prints. (“"1" 1111111911 0" 34c as British nyers have not followed the latest ""1010. (‘her-cc was being quoted psily 10W! for Ontario's, and 1015c ':"“_:3“9i‘l‘¢'8. Receipts were 8,2233

r151"! held about the same, Carlots freslln! of Ontario, Western or nearby mnlfllgflflreg from 24c to 20c for n H‘; l’ to ..Oc for firsts, and 13c I 1° "t F1"‘0nds, Newest stock is

tho maximum levels and held r . ingtgkpnrltrlihc minimums. Receipts.

P°ietses were unchanged. .___§i__

771a Montreal Curb Marker

.-.___

Windlass iltress)

Hllh Low Close 9" 95

10% i016 ‘mlfqumeillns ... 1.14

ls

cite-Bree .. .. 7 w.

Montreal Market Siiieiighls

(Canadian Press)

In the most active session oftrnd- ing this year to date, stocks on the local exchange ianioyed a general all- vance in today's market and at the closc in a fairly brnuii list, gains iverc in excess of losses by 2L‘; in Ii, willie this ‘average price of ln-cniy stocks recorded n gain of J22. The ilnpilise for the advance was furnished hy a broad buoyancy in tho Wall Street market, but recent events, including tho promise of trnrio stimulation to result from the agreements reached at the Imperial Economic Conference, have served to~briug about an iiu. pnrtant meitormeut la incai market sentiment, Firm commodity prices and a strong lone in the bond mar- kets were other factors in creating a more confident stock market attitude,

Montreal Market-

h10.\"i‘ltld.'ll'.. Aug (‘nnniiiun i‘ress)-—'i‘be Montreal stock exchange closed with ailvnnccs vang- lng from rractions to several points after the heaviest turnover in the year, Closing prices were slightly off froru the best levels of the day, how- crer, a couple of leading issucs be- ing subject to lute profit taking, Several ncw highs for tho year were ‘established in the course oti trad- DR.

Canadian Pacific Railway was the centre of interest, vsclllating through out the day. first reaching a new high for the recovery movement at 101s, then failing back to 101,1,- and finally closing at 181i} down 0i,

International Nickle and Montreal Power-tile two other most active is- sues. Nickie sold up tn a new year high of 107s and closed at 10% for a gain of a, Montreal Power sold between 34 and 341,4, closing at the latter figure, up 1/4.

Dominion tcxillc preferred, a rare performer, seared the day's heaviest gain advancing 13 points 1o 0B, a new 101i‘: high. Other substantial advan- ces were scored by Consolidated Smelters. Shawlnlgan Power and Quebec Power. Smeiters reached s new year high of 74V, and closed at 747's, up 81.1,, Shawiiiigen was up 2 at 1R and iis subsidiary Quebec Power was 215i higher at 1011;.

Gains or a paint ivcre made by Bnthurst Power and Paper at 2 and by Canada Wire and Cable B at 11, B. C, Power A closed at a new high s! 20% up 7a.

Brazilian Traction at 1014, Canadian Industrial Alcohol n19)‘, Massey- l1nrrls_nt 515., hfcfloli Frontenac at 10174, hatioual Steel Car at 10 and National Breweries at i7 were frac- tionaily higher. Dominion Bridge lost 14 to 10,

Banks were qnie_t, only Royal ap-

ca-(nr The

point, Montreal Power Debentures were active and steady at 40M. unchanged. Total sales were 41,40 shares and

371.350 bonds, The llound sterling closed at $3,- 0371. and the United states dollar at

13% per cent. paamlum,

Stock Exchange

(Canadian Press) lilsii Low Close 1i.) 13% 18%

Stocks At Refining American Can

Anaconda Cop Atchison ... .1 Auburn Auto Bendix Aviation Bethlehem Steel Briggs .. .. ... Cnn Pacific . Case Thrash ... (Jeinnlnwlth Sou Chrys Motors .. Carbon ... Col Gns Eiec .. . Consolidated Gel .._ 1,75

Cont Can .. .. 321,1; 32 321/;

Corn Products . .. 41m, 4.71.3 40-1,

I DuPont ... ... 401.0 357's 3074i Else Auto-Lite .. .. 2014' 10% 100/4 Fax Film .. ... .... 4-K Gen Asphalt ... 12 10% 12 Gen Electric ... .... 20% 10% 19% Gen Fonda .. 80 201,3 30 Goodyear fab . Houston 011 '

ud Motors 1,4.

int Telephone Ken Copper ... . . Lambert Co n. .... l

M Pacific .. ... 7% 7% 71A‘ hl Pacific Pfd n so Mont Ward ... ... 12% Nash Motors ... ... 10

New York Cent ... 20% Packard Motors , .. 414 4 414 Paramount Pub . .. 7% 7 70s Pub Berv of N J’ a. 2

Radio Corp 0'16 014 0'19 Radio Keith Orph .. ti 0% 55's Bears Roebuck . -.. 211 J1; 33% 800th Pacific ... n. 25% 23% 2i“ flnlitll RGIIIII] s a. 110's 12% 12" Bland ‘Brands .. ... 10% 15V) 15% Blend Gas Elec 2W. 2.1 24 iltand Oil of N J 3M5 34 3.7“ Texas (‘o ‘i 1a

Texas Gulf Sulph Tim Rail Bearing ii Carb (‘nvb .. Vninn Pacific ..

peering in board lots at 16s, up one,

Montreal Stock Market Quotations

(Canadian Press)

51-11011! Blah Low Close Bathurst A ... a" 2

Bell Zilelephono ." .1 100% 100 1001A Brnsiilan ... ...- “. 101/5 10 101,4; i!» C ltovver A .. ... 201/; 25% 201,4, l! C Power B .. ... dy, Can Brmixe Com ... 10 i Can (‘l Com 6Y4. 5% 5% (fan Cur Pfil 15 ‘ Can Cement 5 4% 5

Con. Cement d 371/; 37 371/; Can 1nd Alcohol 21/4 2% 21,5 CanCteam Pfd . .. ii

Cari 1nd Alcohol B . 114 (fun Pacific ... .... 10% 1111/; 18%; cons Smelt ... ... 747s 7'.‘ 731/’; Dryden Paper .. .. 11A Dom Bridge ... .... 18% l8 l8

Dom Giags. .... 05

Do Steel Coll B ... 2% Fraser Coys ... 75

Gen Steel lilarea ... 1% 1% 11A (iurds .. .. ... ... 121/; Gypsum ... 41,6 4 414, lluii Gold Mines . . 560 550 500

lut Nit-kc! .. .. 10%; 10 10% Lake of the Woods . 7

Massey Harris .. 5

McCall-Front ... . . 101/; 19% 10% limit Power ... .. 341/; 3i {H111

Mont Pow 3% deb . 40% Nat Breweries .. ’ .. 111,5, 10M 17% Nat Steel Car .. . 10 l0

limit Tram ... . 108 (lglivlc Milling Power Corp . Quebec Power

Shawinlgan .. 8 flhcr Williams . 1 St Lawrence .. b0 South (‘an Pow 101/; film-i of (‘aiiadu 101/1 10 ii \\'in Electric .. ... 4 BANKS lionircal ... ... 100 Nova Hcatla ... ... ‘.302 lluynl .. .. ... ... » 168 s a. k Mmmg Stoc s (Canadian Press) TORONTO, Aug. fill-mining sales ciosei~ Sales Stock (‘i050 iann Acmc .. .. .. M cnon Acnnda . ~01 100 Ajax .. ~70 2min Ali-r .. 01% 11500 Amulet . J9 0000 Arno ' .. .. .0215 “Ni ll Bolling .0015 5000 HidgoOIi . - .03 1500 Bunk Hill .. .02 400 B C Pioneer 4.06 1000 (‘tinned .. .. 031/; 500 Castle Tr .. if

500 Clillitliii - pa .01 (l4 .04

590 Dome ... .. 12.15 12,05 12.1.5

F'bridge a so 1.10 1.12 1.14 1R0tl Granada . .. 1,12 1.05 1.00 1875 Hniilnger . . ti_7n 16,55 5.7a

12000 iioniéstd . .. .2510 .2115 .25 10400 llnwcy . . so . .02 ,5.‘i .01 .7500 Kirk Lake .. .00 Jill .30 7000 Kirk Prom . . 2000 liaiartic . .. .04 .04 .04

1000 Man Basin .. .01 ,01 .01 000 Veiiitife s . 18,50 111,25 19.50 1500 lierland . .. .17 [i0 .17 500 Min (‘nril n. 1,00 1,04 1.05 27500 Muff Iiaii .0314 .02 .0314 500 Murphy . 1.. ,0i1i .0114 .0114 025 Nlpisslng . . 1,30 1.20 1.30

14177 Nnrantia . .. 20.00 3000 Olga .. .. .. .11 [IR .18 500 Petrol O ..- .15 J5 .15 ' 700 Premier .. .. .02 .52 .52 500 Sarnia ... ... .20 .20 .20 12000 Rherrltt, , ., jlll .31 2400.1 Slat-no .. . 1.0 i160 Stadacnna 200 Sud iliisln 13000 Sylrnnite . i500 Tashots .

315111‘ Hughes . 3,35 , . 0000 Vac Gas . .0514 .044, . 000Vlpond .. .30 30 .30 4205 Wright Hal . 2.95 2'00 2.02 Silver ,'.'R, Total snics 093,000 shares. IJNLISTED 1500 B Missouri . 131A .13 .13 1000 Cen Man ... , 7 ,0! .01 460 C Copper ... 2.40 2.20 2.24 5 Smelter! . so .7350 330i 73% 0400 Elder-ado . 1.60 1,53 1.55

100 Home Oil ... .35 .35 .35 475 Iiud Bay ... 14397 Nickel .. ... 30000 McLeod v .. ,05 2800 Nordon ... er 200 P-Oreilla . as ,7!) .70 4500 Pen Pets . . .

12900 Ventures . . 113% . 417% 500 Viclrers .. .. ,‘i3 .13 .13 CURB 30210 Aigams . .1 .1115 10800 Bobio .0514 .051}; 100 Brett . .08 .08 1500 Brownies 1 v .0214 .071,‘ 1000 Cent Pat ... JIM) .1017, .1015 3500 (‘obnit Con . 011,4. ,01 01%

1.5500 Dom Expl ... 011A . .07 7000 Hilltop .. . l ,0! .01 1000 Kirk Town 001A p015 .0015 3000 hialroblc . .01 ,0! .01 0000 Ribsgn .. . .01 .0‘! .1000 Ritchie .. .0170 1111/, .017, 4000 Robb “out . 1111A .0114 .0114 5000 Wood Kirk .0515 p5 ‘ .95

Foreign Exchange‘

MONTREAL, Aug 28-(By The Canadian Pressl-Jlritish and foreign exchange in relation to the cu“. daln dollar as compiled by the Roy- nl Bank o Canada, closed today aa follows:

Argentina pew 0,2954.

Australia Pound 3.1570.

Austria schiiiiug no rate,

Beigum belga 0.1518.

Brasll milreis 0.0867.

Bulgaria lev no rate.

Chins Bong Kong dollars 0.2652,

Czecholcvskia crown 0.0337,

Denmark krone 0.2001.

Finland finmarlr 0,0180.

France franc 0,0440.

Germany reichsmark 0.2704,

Great Britain pound 3.9871.

Greece drachma 0.0074,

Holland fiorin 0-4574.

Hungary pong 0,1988.

India rupee 0. .

ltaly lira 0.0583,

Japan yen 0.2070.

Jugesiavla dinar 0.0105.

New Zesiaud pound 3.5702.

Nnrivay krone 0,1075,

Poland aioti 0.1284,

Smith Africa pound 5.4710.

Spain peseta 0.111 .

Eweden krone 2.2026.

Switzerland franc 0.2200.

llnitcd States dollar 18% per cont premium. ‘

l'nlted Gas Imp ... 20 19% 10% ll S Rubber ... ... 05h ti“ ‘[7 S Steel .. u. (iiiifi Van Steel .. ... \\'arn Bros (‘n ... 0% 3% 3% Wcatinghnusc l-Iiec .

Failed Aircraft .

'1 2 .2” »;-,;f<§li;f.'.; ':. t: it“ I n . 101,4 1o 11w. 1:011 Tobacco . at; m4, my, ., Petroleum .-... 12v, 1m 13y, 1 1°" -- =- .. 2o 2nd 21m "is" .... .. an a4 s4 Ids .. 1m 2am am at ea i1.“ if.’ . M‘ set

United Corp ,1 ... 10% 107's

Woolworth (‘o .. .. . Worth P111110 .. ...

THE CHARLETOWN GUARDIAN

Anr Bi Day 0n Wall Street

-—_,,_

(Canadian Prasl)

NEW YORK, Aug Sit-Securities markets were whipped up to another furore of bullish enthusiasm by some of the moat feverish trading 01 the year in Wail Street today, but caut- ious traders began to feel huiiishnees was being carried to excess in the afternoon and extreme gains’ were pared dfFn substantially by ‘ large prefix taking sales.

Th bond market in the New York stock exchange experienced the larg- est turnovei- since inst Deceinbea us bonds were traded with a total par value of 810,505,000, Trading in the bond department of the curb ex- change broke all records for that market with a turnover of more than 80.000000 par value.

Shares were trailed in the stock exchange in the aggregate of 4,570,205. ihs largest turnover with the ex- ception of the li,500,000—shars day an Aug B, since the autumn of 1930. Rail issues, in both stocks and bonds. were sold in large volumes as trad- ers took profits on their recent sweep lug advance, and a number of issues ended the day slightly lower than yesterday's final prim-s,

Advances were fnr in the majority. however, particularly in industvlriis and utilities in the slack market many issues reaching new highs for i032. The price average of 00 leading domestic corporate issues, represent- ing all prominent groups, cnvue vvith- in ritrikinlz distance of the 1032 high level reached in March, Several ls- sues of bor-ds ended the day with net gains o1 $10 to $30 per bond of $1.000 par value.

During the trailing session of mar- kets, prices seemed to be carried forward primarily by their nwn mo- "1011111111. as news developments were meagre, After the close, however. came the word that llyrnu C, Taylor. chairman of the U, S‘. Steel corpnr. ailon had said in an interview that it would seem that a buvlng mnvelnsnt

steel "cannot lie long ileiaved 1‘ This was the first roman-pg 051M} character from liir. Trifvior fllnpp i... Jack the position \\'ili1‘iI hnd long 11°"! lIPlIi 1W tile lain Judge Gnrv

Tbs arrival in this countvv of Sinn- tague Norman, governor oft)... pa"); of England also caused cnnaiflQgg-flflp discussion. One rumor which want wholly unconfirmed was (but; hp would discuss with leading hflylkiirg of this country int-ans of stabilizing: commodity prices.

The commodity markets gave a rather indifferent performance n1~ though closing prices nf leading stap- les were a shade higher,

"Has the Jury asked for further instructions?"

"No, your honor. They ask for a -'

deck of cards."

. ' PAGE NINE i

i

Miscellaneous

(Canadian Ines) BiOIVIREAI», All] 38-3lIl

adian Western, No. I .44: 0 C sdian western, No, 8 .28: Oats, feed, no. 1 37: Flour, spring wheat pat- ents, firsts 4.80; Flour, seconds 4.20:

Flour, bakers, 4,10: Fiourii winter wiicnt patents, choice 275-, Flour white crlrn 4.30; Bran_ ton 10,25-

Shorts, ton 21,25; llclied oats, bag ab lbs. 2.00; Ray no. 2.

11.00.‘ Cheese, Ontario's .1095: Cheese, Quebec's filibt: Butter. no. 1 finest ,’.'01/.-.201,!_-; Eggs fresh spec- ials in carious Eggs, fresh ex-

tras in carious ,-'t0; Eggs, rrcsh firsts in ‘carious .24; l'otatoes,- new Mont- rell .35.

COTTON

NEW YORK, Aug ‘Ali-Cotton futur- es closed steady; clnijug b|ds:..ian 800: Feb 807: .\lnr S14; Apr 821-. May 820-510: Jun 835: Jilly 8-11; Aug 704: bent 700: Oct 114-15; Nov 152: im- 701-03,

511v»: cinsNl ‘iiilet: middling \0.

Liverpool: Cotton, spot in limited demand. Prices 17 points higher, American middling, fair 7.02: strict grind middling 8.57; K004] rniddllnlt 0.3 ' strict midiing 0,12; nilrldlinlr

6.0.. i~‘il‘l1‘t low middling 5.07; law “M; m: 7', strict ordinary 5,01; Oi"liiii.'ii'_l'

lter-nlpm nera 8,000 bales includ- ing 2,500 AHlQTlPIHL -

BYGAR

NEW Tfiilh’ Aug 23~Raw sinrar

was unciiringc today with refiners

still llleiincii to hold aloof, although believed willing to pay 3.10 for sug- rtrsj" count-i. m suit. llnlders \\‘0i’0 flfiiilm.‘ 711-“. ~'i'he only rain reported ivas 10.000 bags of Cuban for prompt shipnicni in an operator at 1.07% for

Cuba, cnuni to about 3,18 delivered here, Afici- some irregularity cnrly prices f=i‘illn|i up and closed at uct

irninw of 1 tn ‘Z points,

’i‘l|e .~.-ii.-.- aggregated 31,000 includ- inl.’ 31.11011 inns in exchanges. Sept. r-lt-sr-d 1,00 i)(-t' 1.14. Jan 1.12, litiii 1,11. .\iri_\' l.i<i_ July 1,19.

TERDA Y3 STOCK AND BOND ,QU

{L 43