>7)

MAY 2'. 193s

iucnon SALE

Thelxecutors of the Estate oi the late Mrs. Annie McMillan will ofler for sale by Public Auction on ‘he premises at 124 Dot-cheater Street. in C‘ lottetown, ou Tues- day, May 10th, 1938, at 1.2 o'clock noon, the residence and lot of land belonging to this Estate. This pro- perty has a frontage on Dorcheater Street of 51 feet and is in a very desirable location.

Inspection may be had by apply- lig to M. A. Farmer. Solicitor, or to J. P. Bradley, Auctioneer.

14-2-5-2-4-0-9.

REAL ESTATE AGENT

88 Great George Street Charlottetown, P. K I. Tel. 131d

In this column will be of the many larins that have been iis.ed with us for sale. Practically without exception they are being offered at bargain pric- egand in unost cases toe terms oi payment are xceed- ingly liberal. As the snow has K0110 sufficiently to permit illspcotio of the several pro- llfltllfi. we urge those pum- ning a purcahse to lose no fine in obtaining detailed inoirmation, which we shall send promptly ulpon applic- ation. Spring work should be Stlrted by May 1st and some of the forms offered will not ltd available after that date,

FARMS FOR SALE

1U) ACRES SITUATED AT M5811)’ on new main high- _wa. .' One mile from the rai way station, 4 mllgg from Borden. Excellent bulldln s. Lame new barn. One of t e . best producing farms in the district. This propert can be bought at a barga up ' to May 1st. Price on applie- ation.

73% ACRES AT NORTH

Wiltshire. Excellent soil and buildings. Convenient- ly sl Stores, --chool. shipping and butter sctory. S 500. Terms. This arm has been well condi- Joned and the buildings are modern in every respect.

4O ACRES OF LAND WITH 500d house and buildi

' eve-head Road. orchard of 45 fruit trees. Nclr Stanhope beach. 82000.00.

SHORE FARM OF 150 acres near St. Peter's. Well watered. Modern semi-bun- galow and all buildings in excellent condition. 10 acre eranbwry bog yieldln a minimmi income of $1 .00 each year. Price $4000. Terms. This is one oi the best properties we have to offer.

55 ACRES. STANIIOPE, LOT 34. Price $1400.00. ACRES

50 River. Shore farm.

It

That is their’ major principal Business. They for good uisks. They hav

‘ Let us |g§ Melting at auk loan, is

no stake.

But this mam has a friend-a man who has accumulated some- thin and has as stake. Hearing of his neighbor .r’s difficulty, he goes to the ban k and urges that the loan he made.

“Whose money would you have me lend. him?" asks the mana er. "You have a deposit here. ould yinu lend your own money?” ~_

"Not on ytiur life,” retorts Mr. Blank. "Lend him the bank’s moneyi "

The bank uianager, as custo- dian of this Ive inan’s own money, then ta es pains to point out th t what the sub- stantial citizesi is rcall expect- ing, is that uihe ba should make s loan which the citizerfs own commomsense and caution would compel him to refuse.

Before sucli a man leaves the bank he usukill a ees that he had ex ted the ank to lend where c himself would be un- willing. B 3ks have no magic source of eight.

Here is tHe core of the whole business of bank's extending credit. Because of the hank’s responsibilitiy to its depositors it can m : loans onl where repayment is r iy cer- tam.

To obtain. a loan from a bank a borrowe must have credit of his own. S om, if ever, is his credit spe able. You cannot spend cat ’ goods in process of manufactimo, uncaught fish, un- cut timber, or wheat in the Elm"?-

The bank has a-edit too. Millions poi small depositors have, in cfiect, lent it their money. A rcontage of this money, blnse on bank experi- ence of vdlthdrawals, is kept in cash, some: more in items of a cash nature, more still in assets quickly lionvertible into cash, and 1110110 in safe investments

AT CLYDE $1600.00. Terms.

Price _.________.___

35 ACRES OF LAND AND buildings at West. Royalty. i miles from the City. Near aved highway. Large house

Rood repair. $5500.00.

100 ACRES AT MILLVIEW on new main highway. Charlottetown to George- town. Buildings in firm. class

condition. Purchaser can be led h the owner with

spring operations. $6000.00. Tenms.

__..___._._____

51% ACRES. 3% Mil-EB from Charlottetown. Build- inn l; good condition. Price 8 900., Terms.

___._____.._____.___ 95 ACRES. NORTH RUS- tico. 83000 for farm. build- ings. stock and equipment. Shore f

D1111. 50 ACRES AT WINSLOE South. Price S2100.

___.._._.__._.._____ 118 ACRES AT FRENCH River. Excellent huildinss. $7000. Terms.

____._._____. lil ACRES. CENTRAL ROY- alty. New house and bulld- ings. $1000. Terms. 32 ACRES. LITTLE YORK. I Price $1200.

ES 0N LOYALIST

45 ACR ROAD. S2000. S2400 for all pmeot.

stock and euul 60 ACRES A'l‘ AUBURN. . Price $1000.

Now Very terms.

115 ACRES AT ST. PETERJS Bay. House and buildings in good condition. Close to railway. Farm equipment. Price

ouse reasonable

________________..__ lit ACRES AT WEST COVE- esd Good buildinll. orch- sni .snd fox-ranch. Price

._.___.__._.______ 80 ACRES. MT. FER-DEBT New bulldinrs- 85300.

ll ACRES 0N ST .MA1I.Y’S Dead. Price 8271i.

CANOE COVE. ' Terms.

I“ ACRES. SOUTH GRAN- Prios 09.000. SW00 for

'45 ACRES AT Price 01000 '

Terms.

l0 ACltI-B AT GLEN POR- I qt u; Mug-q Harbor

“Dead. = = , ars- IFihAPIvioQTE-‘i-‘l-Ihzism ~

“Flt-Tides. nor o. 815-00.‘

l0 A wrru must

%§ t. Peter’ .

i334- ngi" iii.’ seem? mu.

u

W‘ '11 wrlieforiun- kWh-lie." '

‘ma BALE-ONE

such as marketable government and ot .1.‘ bonds. ascd upon this, the bank can extend credit.

Because people have confi- dence Ill bank credit, and be-

cause ev ery promise-to-pay of a THE otmndpoint of his 0W1!

series will appear in this

iCRlEDlT -

It belongs to you-the community does not own it.

BANKS live by lending.

ve an instance. Suppose, say, a map

having no business capacity to carry out: the pur-

pose? for which he wants the money. He is not credit-won thy——he has accumulated nothing, has

The hwy-engine...- though n. i. w ma, 10...... knows tlscre is not the remotes: chance that this more would succeed sn his purpose and tells the would-be ' borrower that the bunk cannot take the risk.

CHARTERED BANKS 0F CANADA

Yd...- 1...»: brunch bank nsonuger soil! be glad to with you. He will be glad to answer your qucotionl.

experience. The nest article in this newspaper. Won-h for it.

1*

source of income, their are always on the lookout c to avoid poor ones.

known to the banker as

chartered bank is redeemable in cash, on demand, or on a fixed date, this form of credit is spendable.

In the case of the borrower, credit is the personal session or attribute of the in 'vidual— you yourself, if you are the bor-

‘rower — in character, goods, possessions, integrity, ability and willingness to repay.

Your credit is not social, in the sense of belonging to the community. When you have credit, it is your own just as your money in a savings ae- count is your own. The peo le at large have no conceivable claim upon it.

Who exchanges non-s ud- able credit for credit that 0gb be spent? '

The answer for all practical purposes is this: The man who owns and therefore controls his credit takes the initiative. The bank does not go to him. He goes to the bank and asks it to enable him to obtain credit in s ndable form in exchange for his own unspendsble credit. The bank does so; and charges him a rental in the form of interest, until he repays.

What happens when he se- cures this credit in spendable form?

He spends it.

He pays the wages of labour, the cost. of raw materials and of

Eb?“- ‘ - w.

STOCK QUOTA TYONS .

N.Y. Stock

(Canadian Press)

Am Radiator 11 Am Tel Tel 126% Am Water 7 Anacon 26% Atchison 26% Ail Ref 20% Bait Ohio 5% Baldwin 1.000 6% Bendix Av 11% Beth Steel 45% Ches Ohio 281/. Chrysler 40% Commonwealth B 1% Con Can 37% Con Edison 21V. Curtlss Wright 48V. Dupont 96% Elec Auto Lite 15%. Elec Pr Lite 8% Gen Eiec 32% Gen Foods 26% Gen Motors 29% Goodrich 13% Goodyear Tire 18%. Gt. Nor Pid. 14% Int Hat 56% Int Tel Tel 7% Kenne cott 82 ‘A Mont Ward 30% Murray Corp 5% N Y Central 111i Natl Cash Reg 16% Nor Am Co 161.5 Nor Pacific 7V. Pack Motor 37% Paramount 71.5 Penn R R. 15% Phil Morris B6 Phil Pet Co 32% Pub Ber N J 27% Pure Oil Co 10 Radio Co 5% Radio K 2%

Sears Roe C0 56% Shell Union Oil 13% South Pacific 11% Std O11 N J 45% Studs Co 36% United Air 25% United Corp 2% United Gas Imp 97s U s Rubber 25% U S Si: Co .4211 U B 1nd Al 16% Warner Bros 5

West Air Brake 18% West. Eiec 70V: Woolworth 42%

New York Curb

(Canadian Press)

manufacture; the cost of seed, p of feed for ho and cattle, or I the expenses o cultivating and '. harvestin ; of buying bait or ’ catching h; of cutting trees or l transporting g l

The whole banking process is made possible by the concentra- tion and cautious handling of other pooplefii money.

Banks simply dare not risk their own solvency and so jeo- pardize the safety of their de- positors’ funds, by making loans to people who have neither char- acter nor credit-nor by mak- ing loans even to those who have both, without taking every reasonable precaution to ensure

repayment.

‘t

solicbaaklng fromtho

O-Q-O-Ovwé

T. s s I AlliVGfIlSIlig Rates-Payable Ill Advance Utsllllll uuanl-isn i-scals. 4o par word; Western and Eastern locals, lo pvt warts; Announcements iuul Corning Events 2o to) per wuru, all asoinuriaiu notice-u, 10o per Illlllll Lina or lnorai auu so per name; Letters oi Condolence 70c r lneu. Notices oi imauka isau appreciation, 70o per imih or do per

B irstuisi UIIQIIIIII, Cards, aim, onl. Usher rows on application.

All-IIIIIIII Charge

oO.'#P'§§Ovw—v

W For Sale

» r. . . - F. "ca: rue: min, ii. n. 5. i..- sih-s-W-zli

Fad. SALE-GENERAL PURPOSE

rse, quiet. Telephone 902-1.».

q L-tid

iur any mivertlasiuut twenty-fin cents.

per words Classified

Stocks Close Am Cyan B 17% Am Sun Pow 9t. Assoc Gas E1 Vs Cities Serv 9% Creole Pet 20% El Bond Share 6% Gulf O11 Corp 35 Lockheed Air 8% Niag Hud 6% Pant; Oil 5 I Currencies

MONTREAL, May 1 —(CP)— The Pound Sterling held steady and unchanged at. 5.01 5-16 on Montreal foreign exchanges Satur- day and the French franc was unchanged at 3.07 3-4 cents- There was no change in the Unit- ed Suales dollar M. 17-32 per cent premium.

NEW YORK. May 1 -—(AP)— Tho Foreign exchange market moved at. a lsggsrd pace today and few changes in terms of the United States dollar were recorded.

Sterling at 4.08 and the French franc at 3.00 1-2 were unchanged. The Canadian dollar was uchsng- ed at 99 15-32. _._._._____

Baby Chicks

SAVE MONEY! ASK US ABOUT our daily specials on Bray chicks. J. H. Campbell, Ailistou; W. K. Crater. R. R. Kens ton‘ Mrs. Basil MatiDonald,

oss.

2- Man With Car

________ WATKINS DEALER (PREFER- ably between 25 and 50) needed immediately t0 . demand for World Famous Spices, Extracts. Baking Powder, Soaps. Cleansers. Mid W195. F11‘ sllffli. Mlneraiized Stock and P0111» Tonics. 70 year reputation. 10.00 dealers. Must. be satisfied with $30.00 weekly at start. Bellini 6X" perience unnecessary. Farm ex- perience helpful. Credit furnished rigth parties. Write immediately, The‘ Jél Rd Wstlcipsz any. onre. ue. - " - M N-72 4-27-5-‘2-9-10.

Male instruction

RELIABLE MEN T0 TAKE UP Air Oonditlonin and Electric Re- frigeration. Pre er men now em- ployed and mecahnlcaiiy inclin- ed ,with fair education anQ lng to train spare tim

MontrealStock

BORROWING Ar Tin: if... v

____ ‘. o Stocks Close Bell Tel 15s si-szmsn 10% F _ 8:3 9t. _ FARMING, DAIRYING, purposes. If they have good se- ‘j Can l?“ igv. STOCK RAISING-and other curity, but not the ready cash, , 8gp gunning A :14: lines of agricultural business often they will wisely borrow. , . ggcmgg 1pm, 9 need improvements or new equip- M, ‘I ns s5 __ r . 301mm‘. 3 m5 ment, to stop waste and make Wherever, / w» i en . - » g3, 5m; w", g,‘ betterprofits. in Canada, P k gigmggk,“ $.15 Good man- agricultural ‘ ‘i n3: fffglm i: sgersinevery business is i Inga m“ 33% line of busi- carried on, i . er ' ; . m: gm c“ £12‘ h ness know there 1s a branch of the Bank ' ghoigigggm $1,», w ere small expenditures would of Montreal, acquainted with I s, L“, Con, 3.,‘ lnClCflSC eficiency and lo cal n ec ds a n d F Si; Law Pld — -' If h _ , ‘o wglxéw _ prof: i‘. t ey can conditions, ready T e an . ' Steel Oari Pfd .53 5P1" d" m°neY 5mm to consider appli- Win Elec B __

their working capital, they will spend it promptly for such

Montreal Curb l

(Canadian Pres)

Charlottetown Branch: A. I. B. BELCI-IER, Manager

cations for luau: for such romtruclize purposes.

ESTABLISHED I U I1 "4 bank u/bm mall acmuntr an welcome"

i

to sag in the cash market N0. 1 closing at four cents prem- ium of the May future end N0. 2 st a two-cent. discount. _-

Coarse grains moved norrowli in routine trading. Oat closed i-G 1W8!‘ to l-B higher, barley un- changed to 1-2 higher, flax 1 to. ga-alower and ryeji-tl-a-ll lower,

will?

Dururns

Stocks Close Abltibi Com 150 Abitibi Pfd 13% Asbestos 57 Besuharnois 31,5 Bathurst A 3% Dom Tar 7 Don A 4% Fraser ._ Fraser V T C 141A Ford A 16% J Home Oil 130 Imp O‘li 17% Int Pete 251/. Meichers 2% Price Pfd _ Price Corn - G ' Banks ram .i_... D WINNIPBG. May 1 ._(cp)_. (Canadian Press) Scarcity of sellers in lube stages Stocks (Hose when short-covering entered the Canada — market and Chicago turned up- COMIBBPW 164 ward accounted for Winnipeg 51011711851 -— wheat fuiure recoveries Saturday. NW0 30°"!- 301 The 11ml quotations were 1 3035133 "' 14-3-4 cents higher. May at 120 1-4. July 1.10 3-4 and Oct M 7-8 p ' cents. Earlier veiues were more r0 than a. cent lower due to setbacks at Liverpool and dearth 1n expert __._ demand for Canadian wheat. MONTREAL. May 1 -<cr>— Red $011113 whoats continued Prices held steady in light trading go a? produce oséefition of the an ‘an comm y exchange e “iii”? spot —Que mo. (s: Aachen Sale as 1-2Jb. AT TRYON Cheese spot _-tgnquo'i.ed _____ m!“ 99° —o“‘ A‘ "Be m? Farm consisting of 100 acres, also Aqlwdlum 91 1'33; B-lifle 7-113 stock, crop, implements and house- hold f ture. be offered for MONTY-Ebb M8? 1 —(CP)-— sale on the lpremiseo of the late Prices ruled flmi on open produce Cheney . owott, on Wednesday, markets last. week. 4 h, commencing at 1.30 PM.

Ma Butter was 28 1-4-1-2 cents a Ifystorml. first flue day following.

pound for 11o. 1 in air-lots or less

with lots to retailer at 2'1 for A- R- T000155. solids and 2'1 1-2_ for irons. "5"" ‘WWATT- . Graded egg shipments in car-lots b74441 w“ "‘

or less were 2d cents a dozen for A-lame. 2i 1-2 for A-medium, 1o l9 1-2 for A-pullets, 21 for B and 19-19 1-2 for C.

se was 15 cents a. pound

FOR SALE

. . . lIl 0 1 '5 - , new B_ w’ L ML 1 60.5 L _ 91 acre farm,54 acres clear Fla. bushel 2.2a; Jamaica so 1o Brook running through pas-

creies 1.75-2.00.

Mining

ture. Land and buildings in first class condition. Will sell with or without stock and implements.

Mrs. Albert Ravenhlll,

mime... MK Titiiafiiifii‘: 11-1-- Road. week with a display of moderate Queens County, P.E.l. weeknemsinbasemetalssnd l. _ ,--.km

mild rally in the western oils. Gold stocks registered a. small net loss in the index.

About the only features appear- ed in the penny list. Several is- sues, including Nsybob, Lake, Stodaeona and Cadillac. advanced 3 to ech on sizesble volume.

ITEG-f-li-H-Ai

FARM FUR SALE

cents Senior

1

Auction Sale of Fifty Six Acre Farm and Fox Ranch Property ilear Charlottetown

MAY 10m, 3i 1.30 p.01.

To be sold at public auction on the premises, Tuesday, May 10th, commencing at. 1.30 p.m. farm and ranch property of Silver Sheen Foxes Limited situat- ed on the St. Peters Road, four miles from Charlotte- town. The property contains two dwelling houses, barns, and complete set of outbuildings. Large ranch fitted with pens of a capacity of 800 foxes. Contains 56V; acres good level farm land.

The road adjoining this farm is lo be paved this summer and c'ty electric light is available. This is an extremely esirable farm property, fox ranch pro- perty, or both, and is also suitable for division into two ranching or small farm properties as one set of buildings is on the St. Peter’s Road on the south end of the property, and the other set faces the East Royalty Road on the north end.

Immediately after the sale of the property it- self there will be put up for auction miscellaneous fox ranching and farming equipment including truck Waggon, express Waggon, seeder, mower_ plow, scuf- fler, fox shipping crates and pen doors. eight coops 12 x 6, lumber for 10 coops 12 x 6, 4 pens, drinking pans_ meat grinder, etc., etc.

If day of sale stormy auction will take place first fine day following at the same hour.

Terms Cash.

For further particulars apply, .

THE EASTERN TRUST "COMPANY, Liquidator, Silver Sheen Foxes Ltd., 154 Richmond Street,

Charlottetown, P.E.l.

J. A. McDONALD,

801d; were qugeg m, shady pflce; My farm at Mt. Herbert. 8 miles Auctioneer

and a few medmmwme and jun. from Cit . 60 acres good ltpnld.‘ 55 _

1°, issues declined a few an“ clear, bs once wood. New udn . ‘

gun All newly pointed. asphalt os. i_266_4,23_27_30_5_2_4

Kerr-Addison sold higher by a with ‘a “gnaw 31f,‘ fig:- _______::;~_-

cents and the close was up nar- s‘ ~ 9”“ i‘ '

Low rate of interest.

iéiowly fotrt Esslta lvlsiartggollgaicléfup-

cicshu ,O'reri an o as.

Em lo was (fiend down 1o Further particulars apply cents to 2.30. ARTHUR C. WOOD,

E. I.

Alexandra. P.

Senior base metals traded 1n small * volume and losses for the leaders

e to installation and ser-

- i work walnu‘ Xlltlifltnlti weilwsiitpianpgxnsdfgbe- wwuailflélwyggfialxggfi: 30mg‘ iihi-gidiiigbeiubstmpgaut itles not‘, irtiiiii-t-SO-Iii. 5°‘ ‘° w‘ m‘ $51,444.41, Misceuanemls Female Help Wanted

PRIVATE SALE FURNITURE, 72

WANTED — PR/OTESTANT GIRL

or woman for house work n coun-

try. Write C. D. Guardian. 11-074-4-20-3.

WANTED — MIDDLE AGED woman to take charge of elderly couple in village. Write A. care Guardian. L-70l-4-30-3l.

, i-i-zo-zi. _ __, "mmww" Upper l-liliaboxo i to i“ ‘ H m pqs, saw. shone Prgooowgsaor; ' ' ' - :1 trio er. one 1 lpseiticuisls. _1.-~u - -ao-zi To Let Eon SALE - awoo iioass. __ N, m; 0on5‘ l fi““3,;§“.1i‘;.$°§3.€“£“i£“oi%°i? rabbi-T 0mg. s igg-s-z-ai. will W- “Wm 1L"‘_‘?,‘§;4_3o_5_,_4 T0 1.111‘ - a 1100M APARTMENT _ _ _.____ ' Apply no Euston stmao+mdl iron sni: - Arm-ms sag»; _____-_-_-_-_-_- ww- Féetshgnanfifnelfm- ' ' r0 Lsr-roun noon nwr. 111mm- - b§m_4_3o_u_ _ Apply 177 Kent Bt-rpletgnqaq-al. ‘FOB B"! - m” cuvmur 'ro LET - iiouss u ousosa

z t m. A i n ‘fiwsflfifw ‘is-iao-Zlitl-ii.

NEWLY I'll!!!-

Btreet. Modem conveniences. Phone 1324. L-ltaa-t-t-W I‘ M t!

Md 0w; also one Farrow Cow. Ma] e] want In‘ “mm ‘whmif-lida-‘liighi. gill fir‘ 11-‘ YOU Aiu: summons, rins “Pfi —- MAN 0B ‘ha: I?!‘ l; forgouhm $111!?‘ Wflflted m“ i ' opt-Emit N° ufifiigl ' t 9.’. alarm Joh our es orce or P" 0 WANTID -— BY IUNI II IQAID WANTID - AN IXPIIIINCID "val 75o men “IQ-m; [moms of % £4312; lady m glutamate farm lsborgrbzppi£to Wilfred .1. fir, ‘gaff: mugmnmrpgu m “m... street. 11-790-4-90-01. ' mam“ i-t-Il-Ii. m, , 531:“ (30,510 st. gig]!!- wArrsn-rwo mrronmsulo wlnrrsn -'MAN Ion rust - ‘i. ' two oingriiiyaiiiiisxwtpfl: m1 c‘ w‘ i.- 1440-" s‘ Personal __ l arm-u iimirs 11$ mi Wm- farm work “an 3cm sill. "£12011" r32‘ rig; w‘ i town n“ xv c5 Cress Co we. At 8m. "' '° m w" ‘m’ ‘ '”“I“ril-l- wmfina all mu -