llaleptide . $1) am ‘I. Reflected Qn

Press Financial Writer)

(A. P. Byfiusrdisrrs Special Wire)

NEWYORK, Dec. 35—'rhe stock market: ut on~a somewhat more cheerful, from; yesterday in llstleps u-ading- before the Christmas re-

cess. » ~

Moderate gains predominated as the market crept ahead hesitantly to a slow close. A few shares scored-good advances. American Can touched a 1934 peak and J. I. CaseHDu Font, American Rolling Mill. Chrysler, Union Carbide and General Motors were up 1 to

about 2 Points.

Woll Street gave expression to the Christmas spirit cf merry- making outside the markets. The subdued note in, evidence in specu- lative quarters lately was reflected

in the leisurely pace of trading

Turnover droplled to 808,820 shares’ compared with 915,820 last Friday.

Market analysts emphasized pol- itical uncertainties in connectlol:

with the forthcoming session o

Congress and ignored additional

evidence oi business improvement

Steel operations scored an unexl pectcd ycarelld gain. the 10th

consecutive weekly advance.

Reports that the automotive and (arm implement industries were Leading sources of year-end de- mand for steel attracted buying to mo‘or and farm equipment shares. Deere rose nearly 2 points and 1n- icrnational Harvester about a

point.

With many traders absent from

"la "email! Mm m: thoboli- days, ‘dealings were slowiilrnearly fll markets" ‘and I movements. nar- now. Home of the commodity man ts were ololed. "Corn - attracted telgtionpclosingi-i to 7-8 cents l- bllflllll Usher. Wheat was of! 1-8 to up 3-8 ‘cents fbushel in Chicago. Cotton futures ‘in New York were unchanged toss cents dnvestmcnis met ady buying around peak prices or the Year. but .tlle listed bond umarket generally was mixed.

Steel shares improved a bit on the American Iron & Steel lusti- tute's estimate that the current operating rate of the industry bad moved up to 833 percent of capac- ity irom 34.6 a week ago. authorities pointed out sustained operations of the industry were contrary to the usual

Bethlehem, U. S. Steel, Republic and National Steel finished frac- tionally to more than a point high4 er. Some of the lrecently hard» pressed utilities rallied notably. Brooklyn Union Gas and. Public Service of New Jersey. ,

The Standard Statistics Co. av;- emlre for 90 stocks-advanced seven‘- tcniihs 0f Q ‘DOIN- to 72-4."- .

Pro-holiday quiet embraced thp foreign exchange market. Le European currencies moved nar- rowly. while discussion proceeded in monetary quarters of prospects for stabilization of the

Steelmlssaes Lead Advance’ On Montreal Exchange

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

MONTREAL, Dec. 24—S6c\lritics on the Montreal Stock Exchange celebrated Christmas Eve, with a

mild improvement in an abbrevi- nlcd two and a. half hour session today.

The list was lacking in feature and with only one or two ex- ceptions held to fractional limits. Turnover was of moderate pro- portions with approximately 11,900 shares changing hands; Gains held a wide margin over loesPs and the average oi 30 stocks was up at lib.

Equipment and steel issues al.- tractcd some attention with a new high being recorded in each sec- tion. On ovrmighl; orders follow- ing Saturday's upward equipments were ‘higher in the

early dealings but later receded.’

Canadian Car Preferred touched‘ l‘ new high at. i5 1-2 and then eased back to l5 1-4 where. it wasdmm l-4. Canadian Car Common and National Steel Car were un- changed. Dominion Steel and Coal

"B", second in activity, was un- changed while Steel rose a point tos new pea

was, the highlight of the utilities with a five point rise to a new tbp for the year at_'00. Fractional ad- vances were recorded by Montreal Power. Power Corporation and Snawinigan Power. Among the in- terlisted securities Brazilian Trac- tion was unchanged and Canadian Pacific Railway gained slightly Beverages and constructions were generally higher. I Ilnporiarlbbacco wasthe active bodes‘ and held unchanged at i. Howard Smith exhibited strength with a small ‘gain while the pre- was , down nearly ‘two 9t. Lawrence Corporatlpn Prefermdjsined _a fraction. Small advances were scored by. Massey- ll-Fkontenac, Canad- ibn Collapse and Royal Bank. _ Exchange ‘sales were and.3l,950 bonds.

Stork All! Oll Bet .

agamuc .. Buss Met .

Boar Basilio

ZlivEsTocK

(Canadian Press)

.\lO.\"l‘lll~iAl., jloc. ‘ll-Offerings on Ill‘) two Monti-cal llrcuincls markets loiilly toizlllool 2.707 lu-ud.

Usltla rcl-cipts were 67'.‘ bead- Tllcrc was u light offering oi butcher cnlllr. but ut that lilo supply will si-cullrlgly gri-o-lcr llulu ilu- demand. (honors, euiierl and cows were weighed curly at steady to fllfll prices. The bulk of the butcher cattle were light “weight steers or plain l0 inst medium iplallty. These were luovin slowly at prim Harms from 53.2.’) i0 $3.75. A few 10in 01 slwrs oi more weight and _bcltor quulily were not bid on. Ciluncrs Illil cutters were from 1i to 81.50- Pouuuon butcher cows sol-l fl-olu 8i n. 3L1". nml a fr-rv good lgtcber cowl lmlu $3 to 8.12.’). Bulogrul bulls wero lruul $1: to $2 b0.

(‘alt rcci-lpls were 430 bead. (‘iulvel

I\‘i‘l'll lll keen llclunnll lllltl full’ 25

,,.,,(,. hlghlll‘. qllnllly considered. Mc- llllllil to good quality vr-nla brolllll! m no m V‘ . with ill! can hm M

6T J0. lligilt venle ur-m from 15.50

up The poorest kllule uobi from 33,50 [n $150. ilrusu calves rungcll from F.’ for ykeéulllngs la $320 will: l!!! laulk ut. 75. iioml alul cliolco veal 8'! 25 t0 3159f lnullnon null lIi'\.|l in, 81.50 to 13,70, =' $2 to $3 I- firfifigjfir)! rrcr-iptn were 20 homl. The

>OGOOO§OOO OOQ-OO .

gillvartising Bales-Payable in Advance l

‘: ll I u: III linen locals Io s'::.'.“...l§§:§.'u- JFcZf-ln} “Ts-B- a-‘v worn 01ml“ is pl‘! ward: In lielunrinm Notices, 101' P" lull L“. i" T". "a, - gvunu,“ , , _ camp, ole , do p; lunar) mun o! Condo gaeo. . p" inch; Notices of Thanks and Appreulut on. ‘Ion. per

Central v g per unm-

vvord Other rates on lnvllfifl9"

uhflmgm mus-gs for any advertisement swath-live Ili- rooo-oomoo-oo-o-we-oooooo-bo

R.\Tll-—2c im- word. ihm lain iionl for tho mice of two. usual: payable in ndvlnco.

_' For Sale

CARDBOARD BUITABLI IOI lining outbouses. etc. l1‘ W shut. -Guardian Oifics.

ron sans - woon IOINTII 6i in.‘ long. 0 in. wide. almost new. A new Box Sleighs. Wm. J. Scott,

Manhflsld. P. l. I. n-laos-lz-lc-oi.

1 vol sass - sum-sou roa-rv-

Iimlridre and Whlst Boon-

‘ Cards. Guardian Oentrai Job Prin .

tary. llov. l-ti

ros sass-congress m

00', Q YIIPI Old BN1] '- es. s. a. Dollar: mums.

_ L-UNOJI-II-R ‘ Male Help Wanted '

wsursn s,‘ uiomualnmalxlii-nsnsvoc-i ltnllelitu.

Big ills." Bobjo . . .

hulk oi the lambs were sold “ Brudian .

graded bapis at 5060 t good ewes and wctbers. is

bucks were $5.75 ‘l- $0. An. odd small lot brought I6 2.‘) flat.

$3; lambs, 306016.00 g receipts were 2B1 bead were firm at $8 for baccns, fed waters-d. Selects .dl-.w t: were $7.50 and . lows were from $5.00

according to quality. .

MTZ. CURB

(Johnston and Wlard)

et .. . Mitchell Rob

Paymosler . Pet i‘ M C . Pick (fro Premier

Pros Air -- Reno (laid

Towigmsc . .4 Ventures

boar-A was or NONI‘! m business centre. please leave at Guardian.‘ ‘Rs- ward

sosr-anwlllu one. s-r. and never-s ‘Hotel. o‘ this blue ad dar‘ invest Rm‘ 1,

lull. Stock Exchange

‘(Quotations furnished by Jenni-es and Ward members o! the Ioatred Stock liuhngs. llantroal (‘urh In kei, l“ Richmond Street, Charlotte-

town.)

Bras T l. Pow ... 10% 10% B 'C'Pow' B . ' 4 Brock Silk 131,1 Can Bronse .. 24 Can Car Com 7% Can Car Pfd 15% Call lirl Com 19 Can (fem Com 7‘: Can (fem 1‘fd wt (‘an lad Al A ill Call lnd Al B 5 J Can Pao .. 11% Cockabut Plow .. '7 Cor- Smelt . 133 Dryden Paper .. 4 4 Dona Bridge M fill Dom Coal Pfd 133 Dom Glass Com . 103% m»... Steel Coal B 5 Dom Tex Com 505$ Gurds “l: Gypsum . 5% How Smith Paper 10 10‘. lhrp Bridge .. . 4% lntl Nickel . -- lnil Pow 1| Intl Vow Pfcl o" Massey Harris 4V4 bicColl Front 13y: Mont‘ Pow , . i"), Natl Brew c x084 Nltriiiteel Cur 17%, 17 mwer (‘orp 8 R

uebec Pnvlor . ‘hi 1ll 3f LAW Pfd 7 7 Shaw . 17% 17% Sher Williams . , 10% 161/. Steel (‘o (‘an Com .. 4H4 441,5 BANKS

(‘olnuievco . 101 160 Montreal < - 202 Ndvn Scotll

Royal 170 160V;

(Canadian Plnll)

TORONTO, Dec. 24—The mining sect-ion uf the Toronto exchange wound up its pro-Christmas with rs abort session today and even with the trade crowded into 21,4. ‘hours tho tapo was illlc ulucb of the liluc. Several oi the l-Illltl issued dorado had an upward flurry but (he general lls! remained steady.

interest centred in llradian whit-b advanced from the opening under hsavy trading lo 2.50 for n net Kain o i1 rents. Six thousand shares changing bands. Bralorne. which holds a large interest in Brsdiau. res- ponded with a gain of 15 cents, Holl- inger. gained 20 cents, and the other bi golds were unchanged. ' ‘glsrussa. God's Lake. Pickle Crow and ‘iilclieuslo advanced i to 8 ceuts QICITOII ROOd UIPHDVEI gains war-- chalked up fol- Pros ectors Airways, Sincoc, lJr-utrnl Patricn sud Belttle.

Active last hour buying lu Eldorallc was evidently uracil-ed by reuflval of lilo forecast that the l7. S (‘ml- gresn intended more inflation ha’ the silrcr route. ll. advanced b bouts. Nlplsslng slncd H will)» “hit? Engle lind lenr were down fractions at the closu

- Qfiinuiiun Pros!) T0 ONTO. Doc. "-1- n .

F‘ Bridge

Gods Lake ~- Grslmm -.s Granada . Grandoro Greene . Gunner .

iota wanna-cums coon roa. 51$ m" " ' ‘Milan. Good new. Bea isrenees required. Apply by ist- tei’ only to A50

_ Miscellaneous - _

O AVU-TII. I: p11,. L-fill-“JQ

sonceaauovsa snot". to

old stand]. Soylsn, ll UPI-Will It:

, create lilacs-High‘:

. m. , Y. I atoll") ' l” lduxfllfl .. 2% an .. . 15 Sud lines 49$

Markets At A

_ ._ Glance

,. . y ' reroute ‘$.75 l7..lFZl3-z..s...¢uu

ks closed higher.

aw Xork-Lfltocka oosel higher. Jvlnnlprg-Avlest closed higher. Nonlrell-SIYII If

New hunk-Cotter lam; Coffee higher; can! Iashapd.

period

and El-

aud smaller’

l (s) seiner... -Ward’s Special 4 ._ I. Wire) » _ uonzvxzvc smnxns- LITIBI~

NEW-YORK, N. Y., >Doc 24-13110 Rails, both ‘Friday and .8aturdsy ignored the favorable car loadings report. ~ ' ‘

Tho next two _weeks'. Steel. oper- ations shoulddecllne uite sharply because OYHUIS holidays, ut it is ox- pected that the Spring rise should 119311110 develop around the middle of J uuuury, '

lt-is not expected now that the President will give another one'of his fireside radio talks so that in- (erect is being concentrated on bis first address to ‘Congress probably in the first week in January.

Little important chahga in- the mar- ket. is anticipated over the near crm. , _

Laldlaw and Co .

c1<_.....iz2o1v1> Q

oosslr

unw vrmx, n. l'._ Dec. Bars quolwl in London

8% . California Crude Oll output during week ended Dec 22, bblsk daily against 495,360 in previous

Penna B. l7. November e 183964.831 against 55,004.- Illinois (‘enlrlll Nov .. . groome- 80525038 against $1,320,181 Magazine “Stocl" says that pressure

holiday influences. . that. Steel works operations inst week continued upward, lulvunclug A points to 37% percent of capacity.

Miscellaneous

(lpululllsu Prdil) MUNTREQU. Dec 2F— \Vll°lit nor uo 2 H.

Outs feed uo 1 40. Flour spring lvlleat patents firsts lo 4o

Flour seconds $5.00.

Flour bakers $4.20.

Flour winter wheat patents choice

$4 50 to 8 .00,

Flour white corn $5.00 to $5 30. Bran tou $28.23.

Shorts ton $'.’0.'.£.'»_

MilldlillEll ton $33 '25.

ltclied oats bag {i0 lbs $3 35. llliy no 2 per toll cur-lots $1.’) 00.

' (‘heeao N0 l (Int. 0% to 9%.

Butter no 1 WK. to ‘J1.

Eggs in cartons A l large 4i. Eggs A l medium (H.

Eras A r Pllllels a2.

l-lggs ll large 25.

lligge B medium '33.

Eggs C 2'2.

Potatoes Que 80's 40-45.

N B 80's 45-50.

l" E l 80's 50-56.

MONTREAL, Dec. 2-i—A atgqfly tone prevailed on tho (‘llmilllan com- llllllllll’ exchange today with prices 10 imlnts Josver (n i0 points higher. Six coniroc-le. involving 00,000 ounces, were lruusucloll.

December was ‘active lcrlder with five loin changing llumlg n; 53 ,9 and 53 55. The close of 53.40 bid com. pal-mi wlih 511.50 bid Saturday One contract of May sold at 54.80 and thmflnul price \\'liI 54.00 nominal sg- ninst 54.06 bill ‘Saturday.

Currencies

foreign i-xrlluuges nlnvell

utlnus lunvl-li wiilliu u close range. The Cnnuiliuu dollar iiuielicrl with

premium, as volllpllrcil with the quot- ntion of $1.00 15-10 at the

The pullml sterling $1.941]; to 1/; llnll fllllsllvil lit $104M, a llrop of 5f. from Siliurduy.

The French franc stood ul. the N111!!! as lust week‘e finish,

KIONCPREAL. Dov. sterling and [Tuiicrl Sluice dollnr ud- vnuced on Montreal foreign exchanges toilny. The pound

liolirlr was up 1-32 oi one percent ill 1541i of, one percent French frunc remained unchanged at

FANN ZN G SCHOOL

Grade X-l Alice Macfiouzan, 2 Marjorie Bryenton. 3 Borden Cham-

Grede IX-l Marion Abbott, Eleanor Ramsay, 3 Mary Stewart. Grade VII—l Lawrence Ramsay, 2 Gerald Lockhart, 3 JeauStew-

Perfect attendance: Kenneth Mc- Kay. Eleanor Ramsey, Marion Ab- bott, Kentford Abbott, Ray Abbott, Mary Stewart, Jean Stewart, Law- rence Ramsay, Lorne Owen.

James R. Murphy-Teacher.

Grade v—1 Harry Champion. 2

Ja p ‘ Delegation SeekCompromise N a val Tr e a t y

(C. P. by Guardians "Special Wis.) LONDON, Dec. fi-Jrhe Japan- ese naval delegation received in-

dlscuss with the British possibilit- ies for a future compromise on l 2

new naval limitations treaty.

weeks algo a (‘"il1Pl‘Uil1il5E' plan ix the Japanme cL-lerates at the nave‘

talks here but today's step wa:

the first indication that Tokyo wa:

prepared to discuss the lmwosit- n ion.

the Uni-ted States and Japan the

former two held firmly against the Japanese insistence upon nava‘

cultural society of Barbados.

as their only means of subsistence.

definitely determined to denou-ncr

the United States 0n the involved naval situation. ‘ British official quarters main-

tained customary silence on the development. Britain regestec

Throughout the conversation:

between delegates from Britain B E

parity. Britain indicated she wa:

prepared to grant Japan the righl (A-P- B! GlIBfiifl-ll’! 500th‘ W3") CHICAGO, Dec. 25-~Mu.ry Belle actual tonnage equality at present. Spencer. Chicago lawyer who wrote

' the pamphlet referred to by Prose- cutor Anthony M. I-Iauck. Jr.. of New Jersey as an attempt “to tam- per" with the Lindbergh jury panel

today scoffed at the charge.

“The wholc thing was a satire.

written and dictated b men for my own amusement nlerlely to poke fun at the asinlnity of our police and court system as a whole," Mrs. Bmfldw- Dw- Spencer said. She said the pamphlet was not circulated by her.

to equality in, principle but not

Uncontrolled

(C. P, by Guardian's Special Wire) BRJDGETUWN

QIF-Uncmtrulled ' importation of foreigusugars into the United

Kingdom causing market depres- Syndicate," sion below oest of production was declared extremely dangerous to 0f (he who“, thing," Th3 address of the British West Indies sugar in-

dustry in a. resolution of the agri-

With 100,000 people in the West Indies depending on the industry

the gradual closing of markets previously open ,to the island col- onies was viewed as an alarm-log situation.

A Sad Tale 0i the Sea

(C. P. by Glllrdhn’: Slfieinl Wire) PROVBNOIYPO Mass Dec

25-77110 Mary T. Coolant, last of Provinoetmvn‘s old fleet of opulent fishing days, coasted into this snug harbor yesterday with a sod tale. Her flag was at half mast and her decks strewn with wreckage.

Somewhere in the roliim deep, about 100 miles oil Yer-mouth, N. S. the crew left Prank Silva, 58, probably still imprisoned in the wheel house in which he was waited over by a boarding sea’.

in Lawrence O. Siantoz laid the craft was. under water three times" during that storm.

"I never crpeded in come back alive." hrsaid. Tren he told of the nidit Silva. went over.

"I went up to the wheel house whore Silva wasat the wheel and asked liiln how she was‘ holding Rs said she was O. K. so I went to my blmk-srtzrlurrsd in. About 4o minutes-had gone by when I heard a bugs wave hit the schczuczz" A minute ltter my room was flooded

Helen Wall. 3 George Wsodside and

Montgomery Owen, 3 Shirley Wood- sd Grade III isr.) 1 Stella Wall, 2 Erma. Bryentnn, 3 Gerald Stewart. Grade III lJr.) i Lois Wall. 2 Betty MacKinnon, 3 Erma Abbott. Grade II (5:1) 1 Altheia Bryon- struotions from Tolwo today t4: ton, 2 Jack Chanlpion. champion and Carl Woodside. Grade II (Jr) 1 Imne Tayor, 7 basis of British suggestions for a Eva Wall, 3 Eleano; Stewart. Jaclc Berllsto, 2 This move, coming with Japan Leonard Abbott. 3 Jean Burt. Perfect attendance: Amon Burt, the Washington ‘floaty, was taken Ralph OWEN. MOIIWOIHETY 0W6"- here as indicating that country i: anxious still to seek a satidwctory lmderstaildixig with Britain and Leonard Abbott- Olive Gillespie—Teachea-.

Gerald Stewart, Erma Erma Abbott, Althela

"that also was a port of the fiction 155 N. Clark. is

i

N. Y. Stacie Exchange

(Quotation furnished by Johnston and Ward members of the Mont real Stock Exchange, biontrca Curb Market, 166 Richmond Street, Charlottetown) .

Stock! QDQIC‘ Ill! .\ ir lied

m, _ ~-~ i. WINNIPEG, Ilco. ZL-A minimum ‘Uuell film-ml L» oi buying sufficed to bold wbeut lllallst Mm prices firm in u dull pre-hoiltlay sua- -\ l n . 11% 2H, alon of the Winnipeg Grain Exchange .-lll&I“(.ll-l 110-). yeaterdn . Values closed 1,5 cent All! Car Found . Jill; higher, Eecehiber at 7S, May at 82% in! bor Pow 4 and July 8;) cents.

“l: Ifwo . 101,; Flrmnesd n outside markets and - 1°W 148M . 3 Slimll export sales nl‘ Canadian wheat Aui liar! .. . 1.1 from Vancouver brought out. some Al" P19" 1V8 30% support and this, with selling orders 5m Pull"? .. lid few and far between, enabled the M“ F“ - 1031)‘, uiurket ic show gnlus throughout. Am ["5 _ 81% World shipments oi wheat and Anew-Ida Lon .. ma, flour use week IOUIllWl 7,500,000 Atchlsou .. 5: bushels. of which app‘ llnalely ‘f.~ Alli-urn Auto 25 flilililili) bushels calue from (‘uuull:|. 39m 110W 'fil/§ Supplies oil ocean [NINE-fig Ellfuppl Bfllt Ulric 4;; “we 2107111100 bushels, '. 1000 bus "u"! A3.» g hcis tinder lilo previous wot-k.

Ben Avlnlio m“ .l.irr~rpool closed #511 tn ltd hllzlur. ilcth Strrl _ i 30 and Chicago when: prices rs-nv-tiu-z licih Steel 3914 39 to strength in cnru, closed higher lffllzgs .. 351/4, g1; liocnl rush and ‘coarse grains were lfglersAfiuliluuil 17 1g llgflligif‘ iuofenturezless trading.

-- r ac 14 ' ‘.0 _Dec 4—

1:011 Oll 17w‘ Whoop-

llun 1’ac 11% Jlllf.

luso 'l‘hleah 52s; 531.,

Pei Corp 51s‘, 31;’: Doc .

llom Sou , 1% 1% May

cong Nairu 331/4, 3;», July .

ables gulch... _ _ , 44w, 43w’, C

. c or ,,, 4i .orn-

:'ll1i'ysll(;r(.\l0t .. 38*: 33% 39C 911/; 00% 013,’. ‘o ulu ‘arb ,, 70y 711, - l! l . Adi/i; E47 R815. Uulllui Gas Elec .... 7, 712 Jill? B6"; 8W5 35V,- Uom Sol ... ,, 211$ 21

‘(Ion gills ._ . ’ 20 D90" fl '6‘

.ou . ec .. f A, 5517a 55 vol. Can . 3-31,. llnr . my. s: say. Corn Prod 32s‘, Jill! - 471V; 47",. 47 Del Ilud .. 40%