A , 1932

YESTERDA Y’.S .s:r0

MARIE; T

GOSSIP

41

_ . h, A elated Press » 1"" 0.22m ‘w zit-Stocks rush-

i, feverish tradinl srllh

mp up over an ad- lyliliflilFfld announcement in the fit’

1""'g',lln, m 5 points or more

1mm" 7 were more than P1°w‘::2i-‘al"fnlls1:nces, some issues 1:...“ net losses of l. to 2

Iili

'1": ri been forced to ab- gfxffllfilhnllfi. profit inking dur- v

stirred

l‘ had; bsebairirp advance in wheat. s Milli-d to support the move "d. u and ham Interactions e‘-Pr;f announced ll 0'11! 111 1" rmlv dividend to .'i0 cents, from ""5. previously’, 1t 11’!!! 000901951 rwignal to take profits although a 8| this dividend had been fore- minusome brokerage quarters, I measured by averages, tbs bond 1e! |lllIl its sharpest setback since while tho majority of stocks wqosm with gains, losses were majority in the more promin- ,,,,._. uiid the price. index of u-io of one pubic, the first

in nearly n week. Ing ivas at a feverish pace in m‘ dealings, 800,000 shares

. '1" the first bnlf hour, The iluruovor of 4.170.110 shares was

infill u. your. flrlfllls groups bail intervals of

[K94] strength, particularly the 1,. chemicals. steels, and mer-

ivitb only two exceptions, .

cbaadiaiiig luau. Coppers and oils, ho , fa to progr s notably. l! an vr active n tha morn- ing. getting up about 7 points in what looked like s squeeze of shorts, but it reacted 5 fvoni the best, Casa rose 5, but closed up 1%. interna- tional llarvster gained shout 2, but then converted its gain into s tvru point loss after the dividend news.

American Telephone was not not- ably firm at any time, only up a fraction at the best, audit closed 2 lower, Such issues as U, S, Steel, Gen- eral Motors and General Electric lost about 1/, point net. .

St, Paul Preferred rose to 8, s new high for the year, and closed at 7%. up 11/; net-Northern Pacific, Chicago nnd Northwestern and others were firm for n time, but: reacted in the late trading,

in the merchandising issues, ilfacy, Associated Dry Goods, and Safeway closed 1 to 2 points higher. Standard Brands was up fractionally- on an- nouncement of the regular quarterly dividend of 30 cents. United Corp, closed only 1,5 higher, although the regular dividend of 10 cents was an- nounced,

The most enr-ourngink aspect 0f the weekly bank statements, appeared af- ter the close, was the reduction of $22,000,000 in currency in circulation.

WHAT THE STOCK MARKET DID:

Thn. “Yd, Number of advances ... 4i’! 44.‘! Number of declines ... ... 100 Stocks unchanged .. ... ... 14.’! 150 Total issues trailed 80.1 779

ontredl Market

0j\'Till~1.\i._ Aug. 25—(By the Can- |u Prcssl-illontreal Stock Ex- ngr again made n forward move l ‘lhi- list cioscd well below the (ii-vols for the day, however, Af- q brisk morning rnily an easier m fllillflflfFd as n result of profit- lpg, Volume was heavy iii the “now but foil off in into trading, total being well below yester-

‘i.

ontrcai Power in active tradlnfi med 07 in the first two hours, and gigradually fell off to close at unchanged from last night's close. rrlian Pacific held its gain best an: the lenders, After touching ‘it receded only 14, closing nt , up 11,4. international Nickel siif- imore heavily, closing at 11', off

sands (‘em-ant issues dropped on announcement that the preferred irienil hail hen passed, The pvt-.- are issue sold unchanged at 37% tlf1.\' trading, but sold at 201,4 for lots before 3 o'clock, The com- niost ~14: to 4%,

non: tho batter gains were lirurk ,np 1115 at ii, Steel of Canada man, up 1 at 2i nnd Steel Pre- rril, also up 1 at 27, nnd St, Law- ce Corporation Preferred at 0, up

iher changes included: Abltlhi l1 174i B. C. Power, up 16 3f Dominion Steel at 21,4 and no. '11 liridire at 1S. up l‘ each, Yhrrir. off 1v. u: s, .‘\ie("oll Bu‘, no 5.6 If 1014, National s_ off 1/; lit 171,16. National r. on 1.6 of 1014-; Snuivlniguu i at 171', and Quebec Power at

down 1A "If .

uilian Traction gi 111g ""1 iidiiied Smeiters at 741$’, were inchangrd,

he banks the Yank of hfonireal p iivn points nt. 100, Royal mink ‘nnda ni 108 and (‘nnndinn Rank .iif\i'll(‘l'1‘f' at 10'! were unchanged, inntrenl Power debentures closed thrill) 1Q, oi i . “n; “rnnnglvvere 84,045 shares and 1" Pfiunvl sterling closed at 03,0175 11V‘ llIlfPfl Slates dollar at 1.7% rant premium.

‘tock Exchange

(Canadian Press) '11 lllgii iniic liufiii . :0 ericun (‘an

Low Close

Trl Tel

roads (‘op ,,

tin-u ... ‘ 131KB Auiu

1x Aviriiiou 11

l" . ... ... ‘A

n i’ .- m! ‘is n-sb n.,'ou .. ,, ,,,

Filler lioiurs . ,, 141% iiiss lilectrlc ,, 1g iiililPiliill |‘nn 35 "I Products .. lDupont

my;

‘I: 4m 411/,

ill» limo riiou ,

i xuii .1 i Teiuppmm __

any, 401x. an s 21 141074 2o

s.

is,‘ Quotations

5T0)‘ “n l ' ' ‘1- 4118. ‘RS-Sixteen i' mm" n: m. ma Pier hers

Dram-ions cents per ih. 31/170 41/5

vi . lioness Ln q;-

PRODUCE

(Canadian Press)

MONTREAL, Aug, 25——l‘flces were ugnin being shudeii on cheese here today, Dealers quoted Mic io\ver_ at 1014c to 1005m- for Oniarios mid 0H0 i0 10c for Queliees, in an effort t0 get the British buyers to resume buying. Last week an excellent voi- ume c; trading was done, and ship- ments were tho beat of the season‘. 01,545 boxes. This week, buying has been negligible, and shipments, most- ly of nld orders, will fall to the lovv- est level in some time, well under 30.000 boxes, according to present in- dications. The recent advance in prices turned the Britisher away, ac- cording to tlietrnrie, Receipts today totalled 2,541 boxes, -

Tho butter market ruled steady to firm, quotations being 2003c to 21c per lb, for carlots or less of rio. 1 Small iota to retailers as quoted by Jolibers were 22c for solids and 23c for prints, Receipts were again light, 145 boxes.

On the egg market Jobbing houses put into effect an advance of one cent on nil lines except seconds, small lots becoming ns follows, the first price being for dozens in cartons and the second for loose eggs: Specials, .'l.‘l,'ti2; fresh extras, Ill, 30; fresh firsts, 25, 24; fresh seconds, 18, l7.

Cnriots of newly arriving stock were firm at unchanged levels, 25s to 27i- for extras, 18c to 20c for firsts. nnd 10c to 14c for seconds. Receipts 1.00.1 cases,

Potatoes held iitcndy nt fir; cents for S0 lbs, of new Montreal stock,

Grain Market

(Canadian Press) _ WINNIPEG

WiNNiPEG, Aug, 25——Fteaily cables from Liverpool nnd a fairly good rlass of buying brought hack to the wheat market the loss sustained in yesterday's slump, Prices at the close were ‘V, to 114 higher for the day,

October closed ‘lie higher at 65%: Dec. gained 114a at 57%; while slay improved a like uraoiint at: 021,4.

Quite strong in (Ifly trade the market early evinced a tendency to swing upward. Opening 14 higher to unchanged ivlient had gained '91 in a

sk opening hour trade, The mar-

et absorbed considerable selling aa the morning progressed and the buy- ing seemed to indicate that further export _trnde had been worked,

licdging pressure was lighter than anticipated but there was another class of selling of nn undetermined source which reached heavy propor- tions and which required an excel- lent class of buying to offset it.

Export trade again vvns disap- pointing but good buying orders from southern houscs absorbed good quan- tities of ivlient to hold market nt about one cent over the previous close. -

Russia was reported in the role of wheat exporter for the first time in many weeks, Only 144,000 bushels were cleared, however, and this was not enough to make any impression on mnrkcta,

'I‘_rade in the cash wheat nnd coarse irrsins sections ivns quiet with prices holding steady and unchanged,

CLOSE Wheat: Oct. 55%; Dec. 571,15 to 0'4: bin!‘ 0214-14, Outs: Oct, 25%; Doc, 251,5; illny

201i. liuriey: Ort_ 331*}: Dec, 3P0!

CASH PRICES

WheatfNo. 1 bnrd 50: no. 1 nor. 54%: no. 2 nor, fill/i: no. 3 Mr. 00%? no, 4 rior. 40; no, ii 401%; no, 0 0711'; ford 041,14: irnek 04%: no. 1 dur, 571i. Oats: No, 2 f‘. 1V. 27%; no, if C‘. W. 25%: ex, 1 feed 95%; no, l feed 2404i: no. 2 feed 21%: rcj, 10%: track 2.1%-

Bsrleyg No, 3 C. W. 03%: 00. 4 c, w, .1114: no. a r1 w. 2o: no. 8 C. W. 20; track .1215,

- V CHICAGO CHICAGO Aug, QFv-Wheiit traders

struck aside pesslrn-istic and bearish crop reports today and swept over the market in a buying riisb which lofted price levels 211- cents above yesterday's finish. Traders took thi-Ir cue from advancing securities and cotton nnd feverishly bought wheat. A moderately easier Liverpool mar- ket was ignored as was unofficial estimates that the three Canadian Prairie Provinces would probably‘ harvest 450,000,000 bushels of wheat this year, compared with 284000.000 in 1031.

Corn was firmer vrifh vvbent, but failed to get much above yesterday-Vi close, because of heavy cash book- ings, Oats followed wheat and cor" and provisions were higher with hogs and grain,

Wheat closed fairly strong with the bulk of the day's gain retained nnd 15g to 2 cents above yesterday's fin- l

Corn, firm, Iii-iv, high

Pi‘. Oats 9t advanced, and provisions 2

s‘ lo 8 cents up.

BONDED WHEAT

NlliW YORK, Aug, 2$—-'liondrd Bilentugosed firm. Closing: Oct, iii;

- Pr ‘fin-nu pun- in:

ui

Montreal Stock Market Quotation;

(Csnadlan Press)

Stocks High Low Close Abltibl ' 171i 1'/i Bell Telephone .._ us 100 102 107 B C Packing .. ... 1% 11/; 11,-’; Brasiliau ... ... 11% 11% 11% Build Products A .. 101's 15% 151/4 B C Power A .. ... 91% 1507i 30% Can Car Coni .. ... 0 117i 51k Cau Car Pfd .. ... 15% l5 15-)’; Can Cement ... 5 4'13 4% Can Cement Pfd ... 37% 201,, 203;, Can ind Alcohol ... 2% 2% 2% Can lnd Alcohol B - 1% Can Steam Pfd .. .. ‘ 7 Can Wire Cable B . ‘ 1:. Can Pacific ... . 201m 101/5 201/) Cockshut Plow 7% 7 7V4 Cons smelting . 75 74% 74% Dom Bridge .. 10% 19 19 Dom Glass 05 65 Dom Steel Coal B 31 2V: 2'15 Dom Textile 52 50 50 East Dairies 10 Gen Steel War 111 Gurds .. ... 1'3 Gypsum ... 4% llniii Bridge 3% 1101i Gold Mi 575 555 535 int Nickel 11% 11 ll Lindsay Co 9'7’. Massey Harri 5% 5 5 .\lcColl-li‘ront 100i, 10% 101/; Mont Power . 37 .'i0 {iii Mont POW 3% (181) 41% 401/; 41. Nat Breweries 18 17% 171/; Nat Steel Car 10% 10 10% Pcnniiina Ltd 32%

Power Corp

Quebec Povrer ... . 17% 101,5 101A Shdwihlgnn .. B 170i’; 17V; Sher Williams .. 10 South Can Pow . 10-71 Steel of Canada . 21% 21 21% Steel of (‘anndn Pfd . 21 ‘Vin Electric . 3% 01,4 31/; BANKS

Commerce .. Montreal iioyal ..

Miscellaneous

(Canadian Press)

SIONTREAL, Aug. 25—llnrle,v, Can- adian western no, .1 ,4-i; oats_ Can- adian- western no, 3 .38; oats. feed

no, 1 J47; flour, spring wheat pat- ents, firsts 4.80: fioiir, seconds 4.20: .flour_ bakers 4.10: fioiir, winter wheat patents, choice 2,7'i- flour, white earn 4,30: bran_ ton 10 shorts, ton 21,25: middlings, ton 20, _ rolled oats, hag 00 lbs, 2.00; hay, no. 2, per ton_ car lots 11.00: cheese, Ontario's 101/,- ,10§§; cheese, Quebec's ,00'V,-,10: but- ter, no,_1 finest .200’. - eggs fresh specials in cartons ,0 , eggs, fresh extras in cartons ,3l, eggs, fresh firsts in cartons .25,

COTTON

NEW YORK, Aug, 2'$—(‘ottan fu- tures closed barely steady; closing bids: .Tan, 001; Feb. M7; iilnr. 874-70; Apr, R81: May B0: June S05: 002; Aug,; Sept, 801; Oct, 830-07; 8-H: Dec, 853-55.

Spot closed quiet; middling 845.

Liverpool: Cotton, spot in fair de- mand, Prices 4i points higher, Am- erican middling, fair 7.30; strict good middling 0,04: good middling 0,00: strict middling 0,40: middling 0.00; strict low middling 0.34: low mid- diing 0.24: strict ordinary 8,04." good odrinary 5,74.

Receipts were 1,000 bales-mo Am- ericnn,

J Y Nov.

Mining Stocks

(Canadian Press) TORONTO, Aug. 25—i.\flning vliisc)—

soles

Sales Stock High Lovv Close 1500 Acme‘ .. .. .. .14 . 4 .14

i500 Alex .. .. . ., 500 B Hailing .. i000 Bagamne . . . 110 Base Metals . 2700 Blilgood . . . 8500 Bunk iliii .. 1100 B C Pion 11000 Buff Can .. Canusa .. ... 2100 Csslle Tr .. . i500 Coluinarlo . . 1100 Dome ... 3400 i-"briiige . . . ‘.5000 Fed Kirk 1004 Granada . .. 505 lloiiinger . . 2500 llomesiii . .. 10400 Howey . . .. . 000 Kirk Lake .. 5000 Kirk Prelu .-

4000 Koot Flor .. i545 Lake Shore . 0500 Mavasaa . 1100 lllalartic . 125 hlclntyra . 0000 Merlsnd . 050 Min Corp 130110 .‘\loff Hall 21500 Moss .. 1400i Noranda ‘.1000 Olga .. .- 500 North Can 400 Premier .- 500 Quemont . .. 37208 Antonio .. i500 Sarnin .. ... 28700 Sherritt . .. 170030 Siscoe .. 2000 Stndaeonn 200 Ster Tai- 000 Sud Basin M50 Syivanite . i500 Tashotn . 0010 '1‘ Hughes 500 Toivairniai: . 0200 Vac (tan . 400 Vipond .. ... 2040 “Tight Hill’ .

Sliver .2814. Toial asles 484,000 shares. UNLISTED

i000 Assn Oil . .. .05 05 1025 B Missouri .. ,1.'l% ,1.'i 18% 2000 Cent Milli .. .07 .07 07

1450 C-liescb . .. .05 .05

.105 C-Copper . . 2.50 250 .50 500 (‘oniaiir .. .. .40 .40 .40 0705 Eldorario q a 1,55 1,48 1.48 000 (loorlfish . . .03 .08 .03 2400 ffud Bay ... 3.41 3,30 8.82 0471 Nickel .. ... 11.05 11,05 11.05 M00 iii-broil . .. M15 .0411’. .04 1800 Nnrdon .. ».. .07 .0016 .07 50110 Pan ri-iii .. . .011 .07 45070 Ventures . . 7714 .07 .7054 0000 Vickers .. .15 .13 .15 CURB 30000 Aigoma .. .. .13 .111‘ 12% i000 Baldwin . .. .01 .01“ .0111; 1000 liolijo . .. . .. .051 11514 .0015 100 lirett ... ... . R J10 , 10000 Brownies . .0214 .02 .00 000 Cent ‘Pat ... .101§ J01‘ ,l0 10000 Dom Expi .. .07 . 1b ,

E0000 llnlfoliil‘ 2.100 Oil Feleft ..

i

_$

‘a Mrs. Pouliot a toilet lotion

Montreal Market Siiialights

(Canadian Prue)

The advance in stock values was resumed with considerable vigor in the early part of today's session of trading here, with most of the lend- ers attaining new hi ha for the move. As profit-taking dove oped in the llt- ter psrt of tho session, prices react- cd froui their highs, but the check in the rise failed fo bring iii any sil- preulahle amount uf offerings, While tho close here founf“ gains well in excess of losses, the , versgs price of twenty stocks suffered a loss of J5, reflecting largely a 3-point drop in Dominion 'l‘extlle. The decline in the average price here ivas only the second lnss suffered by the index in ten trading days.

F0 reign Exch onge

MONTREAL, Aug, ‘lo-(By the Can- adian l'rcss)-Britisli and foreign exchange iu relation to the Canadian dollar, ns compiled by the Royal Bank of Canada, closed today as fol- lows:

Argentina, peso, 0,200.

Australia, pound, 3.1430,

Austria, schiillng, no rate,

Belgium, beiga, 0.1571,

Brazil. milreis, 0.03mi,

Bulgaria, lev, no rut-e.

China, Hang Kong dollars, 0,2070,

Czechoslovakia, crown, 0.0330,

Denmark, krone, 0,2085.

Finland, finmnrk, 0,0175,

France, franc, 0.0444,

Gcrrnnny_ rcichsmnrk, 0,2003,

Great Britain, pound, 3.0197.

(iiecce, drnchina, 0,0078.

Holland, fiorin, 0,4550,

llungary, pengo, 0.1080,

india, rupee, 0.2004.

ltaiy, lire, 0.0580,

Japan. yen_ 0,2545,

Jugoslnvla, dlnur, 0010K

New Zealand, pound, 0.5034.

Norway, krone, 0,1008,

Poland, zioti, 0.121s,

Ruumanin. leu, 0,0070,

South Africa, pound, 0,4470.

Spain, pesets, 0.0011,

Sweden, krone_ 0,2011

Switzerland, franc, 0.1000,

ilnited States, dollar, 13% per cent premium,

NEW YORK, Aug. ‘IS-Foreign ex- change .firn1: Great Britain 3,40%; France 3.02 1-10: ltaiy 5.12: Belgium 13,8814: Gerrnanv 170; Canada 881/4.

(Canadian Press) ,

WASHINGTON, Aug, 25—L0lns to brokers and dealers held by New York Federal Reserve, mem- ber banks for the week ending August 24 were announced by the Federal Reserve Board today as 355,000,000, nn increase of I11.- 000,000 as compared with tire preceding week.

Canadian Can't. Bond Quotations

(Canadian Press)

Bond I1 Do of (‘anadn SEQ-Iii 101,147 Do of (‘anaiiu 551,007 10814, Do of (‘anadn 41,518 07 Dr. of (‘auailn 414-50,...

(‘on Nat Rlys 414-51

(‘an Nat, illys 401-55

(‘an Nat Riys 5-54 .

(‘an Nat illys 5-00 .. 10.11 m. (‘an Nat Seri- 5-30 “10105, Do (‘an Nat Serv 5-41 .. 10i 1011!,»

The Montreal Curb Market

(Canadian Press) Stocks High Assn Breweries .. .. Beiiuharnols A .. ..

Low Close . 5'4.

Big Missouri 1.1 British Am Oil 100', (‘nnndn Malt 151i Can Wineries 2

Dis Corp-Sea Dome .\fines Home Oil .. imperial Oil int Petroleum Int Utilities B Lake share . iiioiiii lines ..

Norandn

Page-Hersey Ltd

Shcrrltt i Siaeoe Mines .. - 081-‘, 1Vslkcr, Hiram . .. 71; Walker ii Pfd .. .. (W,

New York Curb

(Canadian Press)

Stocks illgh Low Close Amer (‘yauamid B .. 411i 4% 431 Am Super Power .. 0 5114 5% Asso Gas Elec A .. 44; 4% 416 Cari Marconi ... 1% 114. 114, Cities Service 51,1,» 51; .115 Ilicc Bond Share .. 8.1 00"‘. ii-‘l

Ford of (‘an A ... 01,1. no; n5’, Gulf Oil (‘orp .. .. 400', filing in

ilum Oil ilefin ... 511/; 52 521G imperinLOH Pfii ... 011; 01.‘, 01b Int Petroleum .. .. ll 100i 100; Nina-urn Hudson 1s»; nw, 1w Std Oil lnrilnna ... "506 24h; 241-11 Std Oil Kentucky . i414, 13-1, L1H Un Lt Power A 811i S 8

arlifmn a sio ‘s...

MommmiL. Aug. 24. - (By mo‘ Canadian Press)—'l‘hls is how two young women and ii "salesman" stole $10 from Mrs. Georgina Poll- liot, restaurant keeper.

The young woman entered the restaurant and ordered soft drinks.- The man followed and tried to sell set for 06- She was not interested un- til one of the wonzen offered him $9 for it. Mrs. Pouliot hastened in accept the o6 offer and took a $10

bill from the cash register. The man grabbed it and ran out follow- ed by one of the girls. {he other was csusbt, but before the restau- rant keeper could call police the, man returned, flourished a revol-

wife" go. She complied and the

__THE CHARLOTTETOWN GUARDIAh

PAGE NINE

¢_

CK AN§§0N5 Q

._.-_.¢__

New Home 0f National Research

l I .

OTTAWA. Aug. Im-(By The Cs nadlan Prassl- Dedicated to the fill-Twas of aiding directly in the efficient utilization of Canadian resources to meet. Canadian needs. and in the extension of the bounds 0f man's knolwedge, the new home.‘ of the National Research Council stands on the bank of the historic Ottawa river. near where the Ri- deau tumbles its waters law the larxer stream.‘ A massive rectan- gular structure buiig, b! Wallace sandstone, the new edifice is a monument to Canadian enterprise and architectural skill.

mooted to house the national re- search laboratories, heretofore, lo- cated in s. smaller structure farth- er east on Sussex street and now to be used as an annex, the new struc- ture isless than a mile from the centre of the city, on the wily to Rideau Hall, residence of Cana- da's Governor General.

The main building, four storeys, including the basement, contains just. approximately 4,000,000 cubic feet. It is severely classic“ in style. ‘The power house at the rear is a separate unit, placed a; the edge of the steep river bank, taking ad- vantage of the natural contour of the ground in order to get the ne- cessary space withoui, making this 111111011118 too conspicuous. 1t 0011' talus approximately 560,000 cubic feet and is built in similar charac- ter to the main building, and con- nected to it by a tunnel.