1937

APRIL 13.

>- i?

Do you play the . Cymbals or the Horn?

A" Roman Emperor was so pleased with hie orchestra that he ordered his servants to give every player as much wine a: Iii: instrument would hold. Seeing one man weeping bitterly, he inquired the reason. “Forgive me", said the bandsnzan, “but I play the cymbals".

Many investors content themselves witlf cym- bals when the rewards all go to the horns. Hap- hazard hunches tie up and eventually dissipate l hard-earned savings that deserve steady en-

disposal.

Tin-ohm, 0m.

M I I. v.0. umim " Sydney, N.s.

ahfaa, N.a.

hancement. Hunches are as costly to purchase- as a gilt-edged security and often are as hard to sell as last year's almanac.

Your money merits all the safeguards that accurate information and seasoned judgment can provide. You owe it to yourself to utilize the protective facilities we place freely at your

IJOHNSTONWWAIQ)

Uciul Oilicr: TIIE ROYAL BANK BLDCL, MONTREAL llALlFAX, N.S.——‘llank of Nova Scoaie Bld|. Telephone B7176 Membem Montreal Siook Exchange

fad-animal Curb Mark Canadian Commodity Exchange, Inn;

Brancheai

n!

London. Ont. Saint John, NJ,

Kingllon, Onl- lloncton, NJ).

Farms for Sale

Small farm In good. state o! cultivation with excellent buildings. near New Haven, I owner wish to retire. l

130 acres with good build- ings about nine miles from City. v

125 acres with buildings 1n good repair, near Fredericton, about two miles from Char- iottctown-Summciuide- High- way.

29 acres~ with house and barn on Rustioo Road about gm miles from Charlottetown.

100 acre property about seven miles from Charlotte- town on Brackley Point R0110; land in excellent state of clll- tivation and buildings in first class repair.

For further particulars re- garding tlie above and a number of other farm pro- perties which we have listed for sale apply

THE EASTERN TRUST C0. 154 Richmond Street

Ainsty investments, -

Limited

ii

NOTICE IS HEREBY GIVEN that Ainsty Invest- ments, Limited will make application to the Secretary oi‘ State under the provis- ions of The Companies Act, 1934, for acceptance of the surrende of its Charter on and from a date to be fixed by the Secretary of State.

DATED at Charlottetown this 9th day of April, 1937.

W. ROY DILLON.

Assistant Secretary- Treasurer N202-4-l2-1i

New Perth Farm For Sale

132 1-2 acres of land at NH! Perth Lot 81 Kings Count! centre of a very proslwfflll! hm‘ lng area, in three plots of 78 and 53 1-2 acres lying side by aide; and 1 acre (nearby) (with buildings)

at intersection of Georgetown Road.

with Union Road. Terms will be

liven.

Aimlr.

"CLEAN d1 MCKINNON. Attorneys at LII- (Jhorlottetown. P. E. 1. L-140l4-10-3l.

DOMINION 0!‘ CANADA

PRUVI. 11'} 01*‘ >

PRINCE EIHVARD ISLAND

In tho Probuio Court lat George VI A. D. 1037.

lirltc Estate of Joliu A. Mort-alik- late of Milton iu Quit-ens (Juiinty in tho iiiiiil l’rovlln-laili-coiisi-d ii-sliiic.

‘By tho llonoiirulili: HAROLD LE1). AARI) 1’Al..\1lu‘lt_ Surrogate Judge oi‘ l’ro1mle, ole, oiv.

To the Sheriff of the County Queen's County or uny Constable or luornlo person ivlliilu said County ‘

(i ifl€l'l’1'i.\'U:

\\'hercuii upon rr-odlng the petition on file of- ltoy COIN! of Milton afore- Sliltl, former unil miller, llio tun-color o1 the above niiim-il osliili- praying that n citiilion may be issiii-il for tho pur- lulnc lu-rciiiiilter ai-i forlh You are inert-fore iii-ruby roiiiilrcii ltycllu oll persons lil‘il'l‘l‘Nlt‘i| in the lliiltl Estate to hc und uppciir iii-turn inc iit u Pro- lniic (‘oiirt in lic hold in the Court iloosi- in Uhiirlutii-itnvn, in Queen's ‘ _t1|e iiiiid Province, on the fourteenth iiuy of .\iuy ircxt. coming ut the hour of iilli-vcn u clock fore-noon of the same day to ahcw cuuao if iiuy iiicy can why the Accounts of the sold Estate should not be puma-d iiiid the Esliiie cloiii-il iis pruyoil for in suiil iinii ou motion of Ilflllllltl l-lsip, Proctor for snld Petitioner. And l till lirrrhy order lhntn true copy hereof he forthwith piihliiihril in iinmo ni-irspupcr published in Charlottetown ufori-azilil out-e in oiich week for at li-iist four v INPFIIIIVC weeks from thr- iiule hen-oi‘ und liiiil n lflll‘ copy hereof iii?‘ forthwith posted in the folloiving pulli- pliii-i-a rospvi-tliw-l)‘. nnnieiy. in llic hall of the t'i)lll‘f House in (‘hnrloitctown iiforoiiniil. in front of tho school in South llilion In Qnooiis i‘oiint_i' afore- mild, lliNI iii. or nuiir tlu- lloyul Brink of ('illllltlil in ('ll1'll'l4|lll‘ilI\\‘lI iiforoaiiiil to portions inli-rt-alril in Ihc anlil us nforcsiild niny have dun

1i_iroii_ llllilvrillly liimil und Soul of the siiiil (‘oiirt this 10th ilriy of April A. D. 10217 und in the first your of His .\lii_lcsli"ii reign,

(L. S.)

(Sud-l

II. L. PALMER. Judge of Probate. [1-1-182-4-18-20-77-514

ixecutors’ ll otie e

The undersigned Executor; of the last Will and Testament-of J. Her- bert Lord, late of Cape Travers: in Prince County, Prince Edward Island, Merchant, deceased. testate. hereby notify all __ indebted. to the said estate to make immed- iate payment to them at the gen- eral store of A. K. Lord, Cape Traverse, and all persona having any claims agalmt the aald estate are required to present same, dnlv attested, at the store aforesaid, within six months from this date.

Dated this fifteenth day of Feb- ruary, A. D., 1937.

GEORGE J. TWEEDY, K O. Proctor.

W. WARREN LORD.

WALTER A. LORD.

Execntora.

L-b032-2-16-Tneeday till May.

FOR i SALE

Building Lot, 90 ft. Front 165 ft. Back. Formerly Lowe Garden, situated Kent St. Annlr , 1.. M. PooLit a co. b26736-tf

FARM’ ‘FOR SALE

The und seventy-one ( 1) iii (Sheen's County,

repair; new barn erected in 1935.

' d ff f lgilfdresoofelandraituated at Graham's Road

with bulldingrtliereon. House in good

sale farm consisting of

This property was for-

merly owned by Gavin Harding and is now bein! Mflllllfll by John V. Cash under yearly lease which will"! l"! D9119!" her 1st next. Land in a high stale of cultivation and situat- ed in one of the most prosperous and tllrlvlflil "all?!" °l

the country. For further particulars Apply to H. W.

The Mutual Life Assurance Conllllllly.

PLETCH, Acting Manager,

Charlottetown

oi’ l

THE CHARLOTTETOWN GUARDIAN

$T0c1< QUOTATIONS

r l

MORNING STOCK LETTER

(Undead ever Iltlell and Co's Private Wile)

New York Stock Exchange

NEW YORK, April 12-week end news was not very important as far as the market is concerned. Belgium election yesterday would suggest that Belgium is not. ready for Fasctm. The British Cabinet made a decision yesterday and ad- vised British merchant en they could not be guaran ed safety within the three mile limit of Spain. Although automobile labor troubles have apparently been settled in this country, it looks like more trouble in the General Mot- ors plants in Canada, there ls also other labor troubles throughout this country. Yesterday nine men were shot 1n Galena, Kansas, when trouble started between C. I. 0., sympathlzers and a. rival union. Consolidated O11 for the last year reported $1.18 against '74 cents in 1935. Hudson Bay Mining $1.00 ag- ainst $1.16. Saturday's market did not give any definite indications. A few important leaders broke to new lows but there was no volume 1n either direction. We would look on the first thing this morning to see how the market will take any

additional selling that may de- velop. MONTREAL, April 12--Hudson

Bay Mining and smelting-With metal sales up 9.5 per cent in 1936 1a"t year's profit was equal to $1.34 per common share against $1.17 in 1935 and 58 cents in 1934. Working capital shows a substan- tial increase at $6,600,000 from $5,- 900,000.

Peri-on Gold-For the ten month period ended Ikrromber 31 net profit was equal to 2 8 per cent a share on the two million shares capital. Average heads for the year were $10.33.

Sullivan Cons.—Initial dividend of 2 1-2 cents per share on the

MARKET BULLETIN

iIeoelvedevcWeedn-Readeandcempew flpeehl Ila)

MORNING MARKET LETTER

Saturday's market opened frac- tlonaliy higher with a limited demand for stocks and after mov- lllg through a narrow range, clos- ed fractionally lower. Nervousness over the future coure of prices still seems to prevail with traders preferring to stand by until a more definite trend is indicated.

The statement of the President _has alleviated to some extent the fear of a possible reduction 1n the

ment to which the mnrkct is lotk lng forward is the decision of the U. S. Supreme Court in the wag ner Labor Relations Act which may possibly be handed down today. Laidlaw and Company.

S UMMARY

Supreme Court convenes at noon.

United Biscuit C0 1936 net profit $1,180,766 or $2.38 a common share against $895,498 or $174 on com- mon in 193'.

5000161118 t0 Hartford advices strikers have created unpreceden- ted demand for insurance cover~ age. Hudson Bay Mining and Smelt- Ing Co. and Churchill River Power Company 1936 net proit $3,698,005 Canadian Currency, or $1.34 a share against $3,215,187 or $1.16 in 1935.

"orthern Pacific Railway Feb. net loss $1,070,191 vs. 81.346983 net loss year ago. Two months net loss $1,790,395 against $2,489,843 net loss year ago.

Western Union February net 1n- come $197,763 agaln"t $181,710 in Feb. 1936. Two months net in- come $538,134 or 51 cents a share

period year ago.

Steel making operations unchang- ed at 91 1-2 per cent. compares with previous week, says magazine "Steel".

Consolidated Oil Corp 1936 net

in 1935. Proposal to give directors authority to issue $50,000,000 de- bentures, “to take advantage of favorable opportunity for obtain- ing iiinds," will be submitted to :hare holders at annual meeting next month. H. F. Sinclair, Chair- man says $5 pfci. redemption desir- able. 30 Industrial high 179.89 low 178.02 last 178.26 off 68 20 Rails high 58.88 low 58.58. last 58.72 up .07. 20 Utilities high 31.23 low 31.01, lest 31.03 off .13. 40 Bonds 100.55 of! .02. Considerable nervousness still shows on London Market. Under- tone firmer. however. Kaiflrs re- gained most. of lorses suffered clay but later reacted somewiai. i- also recovered at openifll but. later eased silshi-lv- Inter“ national issues were mostly under Wall Street parities.

BULLEEIN 5&1 Jones and mush n 0°")- loat its suit in Supreme 042"" m‘ volvlng validtlty of National 1.61101’ Relatio is Ac .

The Court concluded that "19 Act is valid as here aPPllBd- Th“ Court overruled a decision of the Federal Circuit Court oi Alibcal". reversing an order 03.1119 Nflllmlll Relations Board that the Corpor- ation reemploy certain WWW?” which the Board round We" d1" charged and demoted 101' MllVll-lfl‘ in Labor Unions.

The Labor organization was the Amalgamated A*s"\ of ""1 ""'l Steel and Tin workers. The opin- ion wrs delivered blld- a Hughes.

Dow Jones.

Dow Jones.

price of gold und the next develop- '

against $359,820 or 34 cents in like .

income $16,726,956 or $1 18 on com- g mon against $11,306,904 or 74 cents ‘

l

common payable June 15 record (Iupplbd by Iltlhld 6 OI. , June 1. i membeae el Ieulaeal Sh‘ Btoehu 61¢» Ollb Ilrlfll _

Inspiration Mining and Develop- i jll-",,‘..',","° ‘iii ment—1936 net profit equal to 3.8 ' Ari-Ifii-ld 9" cents a share on the million shar- 0”“ 0"” “"1"” 9°”. es outstanding at end of the year. 105% s04 A further one million shares has 10V- m been issued. u}???

Abltlbl Power and Paper-Hon. 7'3],- $51.7‘

Peter Heenen announces that the 35‘ 53%,‘?! Fort Wllllam plant of the Abltibi a1 s1

Power and Paper Co. closed since 3f, 3535,‘ July 1932 will resume operations‘ 24% mi)‘ about May 1. 1 sow. m}.

, are’. w. y -

U. S. Steel Corp—1"or the first ' ' m.‘ 59;», q quarter shipments at 3,700,000 tons 1131/, 11101,; i were up 70 per cent. over the same ' '- ‘ D l ‘ period m was. b,‘ w; - ;.

as . . WASHINGTON, April 12—The 7' National Labor Relations Board l , {I won its suit. brought by the Assoc- ||i||||||][ 106 164% l iated Prers challenging the ap- I~ll Auto Lt 35% 39% l; plication of the National Labor l_§lm‘_'-‘l"‘{|"§ l i, Relations Act. The Associated Press .,_ ,, "h, 5215 m . 111 contended the Act was void and w“ Food! 4518*‘ '_ ‘if, violated four constitutional amend- ,1‘ l Ail“); i‘ " (a, merits. Supreme Court majority .‘.'.'..'.. '1‘ 40% 41% iii‘ - 5:: snid-"The Associated Press is en- 1.! x.» rm 40% all ~_ ~ -. Earle 2-175‘ gaged in inter-state commerce };,‘“‘,.§,'l°" C“ m |'l_,,r_i§,.,"°"k p] within the definition o! the statute i", ii,“- _ u. [Lliilef 1:r_-r. and the meaning of article 1 sec- lnl 'i\-i Tel ‘l?! 122 llvwvl‘ m“ tlon a of the constitution, ii: is an -',~'?-1§7,_ 31y," n}, ,8 _',',,‘j.‘_'_,,{‘” '47 instrumentality set up by constl- _\[,‘,,',,';§,,,, Ry ,1 4:. tuent members who are engaged .\Iont Ward Q $3M 1n a commercial business for profit 5:"; fan a“ 4.8% ‘W, and as such lnstrumentallty acts k,“ m, 1:10 as an exchange or clearing house no (‘nah Re! 3?,“ *1‘. of news as between the respective Q3" g""kc§ I “Y; ' members and as a supplier to ‘Q: lull‘, $6 31V. members of news gathered through lim- k smut 1° 19% its own domestic and foreign act- ,"j""“'""" - lvities.’ The Associated Press de- {-1,‘,‘,",.'.‘.,“ u‘ m‘ cislon read by Justice Roberts re- l'liil i’?! Co 4 fers to e. forthcoming decision by {Pf J“? S“; g the Supreme Court today on the "' ' $2 m Jones and Laughlln steel Corpor- z 10‘ 10% f‘? ation case involving the validity of ‘ 1]‘ ',',‘__ 2t 4g I 3775 the Wagner Labor Relations Act. 5, _ “m; gag s: . 16141” .~ in. on < <1 ‘s Pill‘ I 56% 8% 4'3"“: s rll ind 46;?‘ 46% '- s u x J so 1o l. 3*" I in, 1s 16% . 17" m. mm 001/ 48 y‘ r. l> 1i ti.’ “i “t: =1" ‘ ii IlTllI l 7025 .| o... m, em 13% 9?." f . -- p imp 00% 82 I w“ NOON vOMMF-‘NT '.' 3.7.‘. Q ‘£02.’? = ‘ \ inmliiim .2 33 Piiymiiaier‘ r

The market will declare con- woo-i- B 151/, 15 lwml Ore "-- slderably more time to judge the IJQTTB 7:7,,‘ iiilihff," o,“ rigs.) lull importance of the Supreme “jest Elec 1:13 1:111, Pllonocr 51": Court's decision in the Wagner Re- w uolworlli -/. -.t Hzfvvillrulishnlyn 1m lations Labor Act cases but at - mvmio, ‘:01

‘least the initial aiilnouniflmtent ids‘: p ‘Ln-‘adogulclhflamv knot ring on anyning a» mg i ‘i: .. "I m, he termed a selling wave. Mantfefll L“: H“: so l Some of the leadilntg sgootzk drop’ "3 ped back a ew pons u RPDBY- - 1 lently due to the thinnem of bids Stuck :10 ; rather than‘ selling pressure. u t 1;}:

The turnn on n sen men i-T '- seems to nevi been when it be- “when ‘ynnuha gtt‘ gt: ruzne known that the conservative gm —‘ “ma” 1;? member.- of the court went along ha‘ o.‘ “flu” 21,-, in the Jones and Laughlln and r. Virginia Bus ca es to make a un- gun-i... (lotto “i; animous decision. -‘ll"~l_’l'l‘l\_,lk h, m,

Two implications are possible "'R“'§.D'“‘, A 3,,“ .. s20 for this first, the conservative sec- llrzillllllil 251/, ‘Flinliiiv (‘ad lions of the court would not have lluililfyrod n‘ ‘rpl:\l-z.ils;"i_i;ac ,_,__,;_ agreed to any impairment of con- 53"‘? m. _; ’ 5.411;, ‘yum, M", rut."- stltiitional rights and second, that m... var l-‘il l‘ I "134, ugh-ii rim v 15L’ the unanimous decision may lessen :zllll)i}'lill‘ll"vflilifd 71611,, 314'.» “us!!! H“ < " the argument for court reform. luff,“ A ‘i ,| [yyljgqgfl _,_,

Laidlaw and Company. o... I'm’. I 111,4 M n“ m W

Fun Strum i! "' (‘plum-no '37“ Allinu)‘ R 7gp.‘ Prgiliigg Prices 21111;". féilfii. 31"‘ illllifi“ "gig? .':.'.".:. for; p... -" is: $233.. 432;,

MONTREAL. April 12--Dei:uand R113} ‘§‘{"'§" 2-. 1,. i-‘lilmilifiiiur- 141g} slackuicu on lvlontreal open DW- 1mm Tex "I ijhllwllilvk Hffs duce markets today and prices aP- f,’\f-‘,“,‘,',','_,,, A 15/‘ :-;],,'},,,,‘,",,° 9 ii pearecl slgntly uncertain. hi: 11310,, B mrwi“ ' °

Graded egg shipments ln carlots i-n-nnd in. any m,’ imw-o-n‘ W or less were quoted at 21 1-2-4- ' w ‘l’ 1'" l" ' H"! cents a dozen for grade A-large, 20 , “is; p11,, i,“ my for A-mcdium, 18 1-2—l9 for A- i711.» 17% iilillvl‘ pullets, 18—18 1-2 for B and 17 for i-Iilzliill liflixitutv C- on. r. Ililtrll i.

Butter wasdqfloted plat 25-23 ‘~01; poi‘ i'i‘|‘\y d s59 8% lip-lip} ‘i111’;

. cunts a pouu for car o s or xss .11 w~ oo s _ ) w

N0. 1 while lots to retailers were -‘ *2 "l" 1,1}: :35“ 3,331?“ 29-29 1-2 for solids and 29 1-2-30 in? e lfivrlll" L for prints. 1 '3 , {"~",“‘

Cheese was quoted at 13 1-4——1-2 ‘ Wknsnfl“ law l:;l‘:l*““r' I‘ cents a pound for Ontarlos, while» 3,0“ ‘.0 ._.,,,/,__ y, \|,,,,,|,i,, Quebecs were unquoted. lvlvfl. Pow if)‘, ,1". ‘Jmlllijgrfi

Potatoes: 1115.1 lvus 90's $1.40: N- 11'1",“ w f,‘ 9% {i gj§§,{',,.,_m, B- MW 39's $1~19-'5l-25i Que M“ st Liiw rm 1:114. i (lhulskl 80S $115-$120. .\‘oii_t‘iiu Pow 14% 13W‘; ll “ml 10.1’. By Guardian's Special Wire) $1 our. s41“ a.) gpllfllijliiiili-nd

MONTREAL“ Apr“ 12 _ when’ iiioiiiiili-ir-‘rii i" 0 Wimiry Nor. No. 2 $1.571 barley. C- W- N°- Win uni: is o 5'5 (‘llwlulska l 3 .91; onts, feed, No. 1 .67 1-2; No. lliglflz‘:

2 .67; oats, whiz? 3 :68.“ firs“ N Y k curb u... _\’n llvwflld

Flour, sprng w ea palm - unher- $8.30; seconds $7.90; bakers $7.30; eu, or frlflrlm‘ winter wheat patents, choice $6.10- --i ("\,'"',“,f° 9.202 Willie 90m 3650- (supplied b, wood-Ina“. u‘ cg?" South lii-Kciizle

Bran, ton $31.25: shortS. ton fiiff}: cum p-rligjfndj $38.25; mlddllngs. ton $41.25; rolled A“, cyan B F fifth VffIf,“ “m, oats. bag 9o w- suo; no. No- 2. y“ go {Igw “p; w... (Tau per ton, carlots $9. ‘ 4 “IHWRMW

Cheese, Ontario .13 i-4-.ia 1-2. Creole m {g1 llgfi,‘ ‘a,

Butter, .27 l-2-.28. 1:11 Bond sh Elilgv “qu,”

Eggs in ggrtons: A-Iarge .21 1-2- Gaul-L $3‘; A m‘, Young Dav .22; A-medlnm .20; A-bullets ~19 1'3 _ _____~__..__.

-.l9. now JONES AVERAGES .

P- .2. Mr: s . F; - - M treal Curb $1.40; N. B. No. ts '8 - (flu Illrd v 1w a- H a III - $1.25; Que No.2 180Mt$5l_ae;?l:1.1s- aililliiltlmlllg ‘il-{Isr-iggup 1.0a on

.20; ue No. ‘s - - v ‘ ‘Z _ ' _' _ —'-"" 1 MOgTREAL, April 12 - Butter “"""" m‘ “" "8 papa-ear Iona: e 0»- eased slightly on Canadian Coin- BANKS IeIIQaI iii Xi modity Exchange produce section DiXQ-‘ij today whil eggs remained firm. (Supplied by Wooda-lleado and 00-)

Butter spot -- Que resraded 2B Bu“ m... 1-4A; Que buyeérs-lnspectéltlai; ‘i! ”‘ 58% Stoeiaa open Clece 8-4A; Que fresh i 2 score - . tyinniln .

Cheese spotr-unquoled. QEAIDIIIEQTCG 22mm!“ 1:95 113%

‘Eggs spot-Ont A-larse 22A: a- wn‘), . ,,,,,,,; our. n on 2454, 24v. medium 20A: A-pmleiis 20A. mgghfirgol. fig‘

e ~ Al u“? °l°°°- whu" w”, 2 “m” l iiiiihvieir o m Gray" Prgges m a cents under SaturdaYs finish. o...» n. 1m 1w. May 1.37 14-3-4. JIY 1.23 34-4-8.‘ lion iél/a ‘$17 1i w"! 1 5'24 “m5 d°'"" M” “fig; v T c 4a 45v:

(AI. By Guardian’: Special Wire) 1.29 1-t—3-8, Jly 1.20 1-2-5-8. oats n _ 34%" 1;} _

CHICAGO, April ill-Influenced a-a-Ji-a eff. and provisions at. I) no Walker a m‘ by auspicious conditions for large to 32 cents decline. llfawflibl, L,‘ '§._. crops in this country and by not- n pom 351,1, m m. falling-off in export buyHB. (or. a; Guardian‘! Sinai-l Wire) uociwr- A , 4,, wheat tumbled 3 oenta maximum Toronto-stocks closed lower Raw-m’ “$.55 “M late today. , Montreal-Stocks irregularly 1°"’ Rolit Mitchell 27 27

Downturn; of securities were l er ’ —-————-—i contributing factor on the side of New York-Stocks closed higher. wmpipim emu.“- lower prices for wheat. Arrivals of Winnipeg-Wheat down 4 5-8 to -_——— ilrgcnnne corn in Chicago and St. 3 5-8 cents , ""'\l|':""f‘: “‘""l"""" "d c", Louis today led to independent New York-Cotton lower; 5118i!‘ _1,,|_,:_',_-if%'

l sharp setbacks of corn valuel. steady. uctober-mlt. I

. MINING

IlIIi-Ifllfi

1.

Provide a capital sum for depen- dents in the event of your death.

Provide for the higher education of your children.

. Provide a Guaranteed Monthly In-

come for yourself when you reach age 55 or 60. ~

. Provide an annuity for yourself or

for your wife or for both.

. Provide you with Capital for ulti-

mate business requirements.

. Cover liabilities under a partner-

Made-to-Measures FinancialflSecuritfyif

You can get a definite “Made-to-Measure” insurance proposal from the Confederation Life Association to—