(lpodd to Iohnsgen and Ward)

s; Johnston old Ward), IQIJIINO IAIIII‘ 00S!!!

Wall Street Mirror; Des- ,;',“‘{,,,"ZT, drop in the market from ‘meme high olnt of approxi- "iy half the a vanoa_ the market r, still be considered as normal. oald be logical therefore to figure n it will retrace at least half the round lost before it settles down to “aways movement. The extreme m, of the market was between 110 d 111 as measured by the Dovv

Foes Averages fo rthe lndusttlals.

h, gmp last week carried the aver-

a-ii-

Goodrich Rubber ..¢ ... "1 ... Goodyear Rubber Houston Oil ..

III In- OII ‘e Kennecott Connor u. ..¢ an t. Lambert Co ... u; _. ,- a“ Loews Incorp .- u, ... ‘Q, black Truck .. ... g; _- Mllmkomcrv WON s1 u- asI u Noah Mot

l" Joiru to the 84 1eveL The rally N

om the level has carr-ied the "W," upward once again to s- louul the 05 level. Further strength .111 be seen in today's session, but vnlv of the stock taken on the way iu-u unrioubtedlypow is considered purchase on recationa, but, only n". issues should be bought re- qrdiag which somethin is known “m, wuy of actual an prospective lli S. £1,155 of issues wimii it 1s lear-ncil n he bought on reaction includes E, fnilowvlllg: DuPont, Cerro Do Pas- 0 ll. S. Rubber (loin lnternatlonai Telephone sud Tele- mm, U S Smclting, St. Paul l‘fd., gng0l9iill‘i_ Chrysler, Great Western ugoi‘ and Cannon Mills. U s smelting is onc of the out- mnding fcntures in tbs market, and |-i|i coutiuu eto be so with the silver act vicar-lug actual operations. U. V. st very little ground in the break l; Wt‘('l{ and yesterday sold at evr top pricc for all time. The com- uiv is a big sliver producer, as is ' n7 Ie Past-o. Trc silver pact now i i-gotlated is practically a sub- (l r silrcn producers. in. some quarters felicflllfilll‘ and Telegraph is being lcfcrrcd to as silver stocks. The coni- ra! Obi-rates in what are known as

lntcrnntionul

ilvi-r rouutrics and has plrnty of 1| u-hltc mctal in its vnnits-liiirrou

SUMMARY

.... 87.51) 0.1 Stcring opened at 84.00% in lion- on and at 11.40 s. in. was quoted at 1.00. Afrhison loadings in the week end- pd July 22 totalled 2.1.301 cars a- inst 24,482 in previous week, and film in like 1032 wceir. Bordon Company directors will but for dividend after 4 p. m. today. Daily average production of Crude B211 in tlw U S. A. in u-cck endcd Jilly totalled 2,724,428 bai-rcls_ a de- rreaee of 60,093 barrels from pre- )edin week. Un on Carbide sud Carbon in June Inartcr earned 29 cents a share a- inst 18 cents in previous quarter nd M cents s shsrs in like 1032 per-

DuPont de Nemonrs and Compauv in June quarter earned 68 cents on average common shares, outstanding during the perlod_ against 35 cents in revious quarter and M cents iu June llllZ quarter. Six months $1.08 s share against in flrep six uonthe of 1032.

.1 s common share against 0i

Gen ral Foods Corporation and hi‘? ries in June quarter earned cum 1n previous quarter, and sixty-

sir rents in June 1032 quarter. Six nuntbs $1.2!) against 81.50 in first hi! 1032. .

Lee Tire and Rubber Company in- Ieeeed wugrs 15 per cent.

ll. S. Steel earnings and pfd divid- ari action after 8 p m today-Dow 0710!.

Morning market letter-The mar- ket had s vigorous rebound yesterday F the pressure of liquidsiio nabated.

he metal and liquor stocks were particularly strong on the come-

li‘ ,

The recovery. as measured by the Dow Jones Industrial averaging al- ready has cxtendcd to nearly fifty percent of the loss. A full fifty per sent recovery would carry this aver- lge to about 07. compare-d with the sloaa of 04.28. Just as such a ae- lovcrv an is now taking place is nat- Iraiir market notion, it would hc equally loirical for a secondary re- iction to dorolop.

llaicr we would cxpcct the market a qu‘ot down with narrower fluctua-

one pending indication of the suc- sess of the administration's cfforta under tho National Recover! A" ""1

otcntial inflationary Powers-Laid-

w and Company. '

" . MONTREAL STOCK EXCHANGE .___.__

(Special to Johnston and Word)

ltocin I-il lvrlephoue T

Tfifl "Coil l-‘rnnt mi Pow

i Pom ioysi .

‘ _i_..i___i_ XEW YORK STOCK EXCHANGE i}.

i-‘uccisl to Johnston 5nd Ward) "Ml" Close Air_ Reduction lli‘il Chem Allis (‘hnlmc uicr (‘an ,

55 British Am Oll

o! I- Paclr Motors ‘p; Pcnn llailroal as

YiEilEiiiliiYl nunuunis

lilorrected For Every

Wednesday and Saturday Issue

Produce

Pub Ser N I ...

Phillips Pet ...- ....

Radio Corp . "a ... ... ‘a. Radio Keith lisp u. m. ... n Rep Iron Sted o i,“ sol On III Safeway Stofl pg ... on“ Sears Roebuck ago a; “s an Simmons 0e .... as as: m, ... Forum’ Vacuum .=a s n- ran =~ South he

mon and Pfd, .

Tirnkcu lrliitflklfiorlsns“ llnlon Carbilo Garb qae‘ ease-v- llnlon Pac ... n90 u. as».

Wanner Rrol Co n ‘one a< Il- Wnrrcn Pr? ..a Us u» lFloe ‘Vostnrn lln on "- ,-, ,__ _..

Wnrthiu Yellow

MONTREAL CURB MARKET

(Special to Johnston nod Ward) toeka Close

t“ 14% s-I '3

S _ so- e00 Can Wluerieo ... g. ' Dis Corp-Sea: ._

Imp nu .... m. t.

Imp Tob ,

Inter PQ ... n Noraudu m one -Q u» Sherritt ca‘ ... n; .1»; Siscoe Mind ... --. c». ... w Teck-Hush .-a e00 ... -n us 556 Walker Bil“: _ .1: “q --.-a 34 ifloilchc? no n. .

‘ orn O . ‘Q .

Canada Bu mu ...

MINING

(Canadian Press) TORONTO, July 25- Stocks Acme Oil no ... ... ... _...... Ajax Oil ...

‘A W-(‘nugh

Haicrow v... Harkcr

How Gold Huronian

Koeicv ... Kirk Lake Lake Shore

Lce ... ufd lilnoliasa he n.

Townnrnnc. Unit Kirk 1 Vacuum V. Vipoud ..

W A “and

Am For pl, '

lliburn 115i...“ ' sin '1 Bnrlorllflolioco ...» “c .... Birosdnll .,. gendlx Aviation Bethletehcm Qtgg]

saovi an‘! can

K all ll n D- o. all f’.‘.“‘f.'. ‘i’. '::. .. clle Threshing in Son

.__ n» ell

on s a a A fl cmlrolenm-Nslrn

rtiss wnfilfg __ ___ Jivison Chi-mica] ._, ,,

"lflglo and Hud

-- o...

WrlghtJ-‘I ... ... Wayside -.. ... ... .11 .-

Sllrcr .. ... ... .-.. Total sales 1510,0011.

UNLISTED

.... ... Assoc Oil ...- ‘n1 n so '- nl

Brett Tr ..». Brownies Buckingham

(‘n1 and llldm C Kirk .

a.- ~

Home Oll .... ~11’ v- l-lud Say ... ... . Nicki-i

1932.5» ...' Rhubarb . . a .

New Cabbage New onions

Greens ... ... . Lettuce ... l...

cw Raspberries . Illuchorrics . . .

Sirloin Steak . Roast Beef .

y Roast Pork 5 ' Roast Vcal

Chops Veal (‘hops Par-k Liver lh . Hearts lb .. Tongues each Round Steak

.n- no:

0a isea

PRODUCE

(Canadian Press)"

MONTREAL, July ZS-Trading op the Montreal produce market eon- tinucd on the easy side today_ and an easy undertone prevailed in pric- esil The butter market was mostly quoted at 10% cents a pound for no 1 butter in car-lots or less, fraction- aliy under yesterday's levels. -Re- ccipts weer only 18 boxes

Wholesale cheese prices ranged from 11. to 11% cents a pound for Ontario cheese. with Quebec cheese half a cont uudcr these lercls. Itc- ceipts were heavy totalling 7,4310 box- cs. (‘hm-so exports from Montreal from lilav 1 tn Julv 22 were announc- ed toay as 108.005 boxes compared

l Foods "a .1" ... ... i 1Q _| n-

il0 a.- White LlkO ssas urn

with 253010 boxes at this time last your.

Butter exports to date have totall- cd only 000 boxes all going to the West Indies and Newfoundland. whcrcns inst your up to this time butter exports were 28.789 boxes, the bulk going tn thr- Unitcd Kingdom.

Tho- top of the egg inraket today was 10 cents s docn for extras. 15 cents for firsts and 12% cents‘ for seconds for gmded shipments lu car- lots or less, with buyers trying for lower levels Arrivals amounted to 700 cases.

Potatoes bold unchanged at $1 to $1.10 por R0 pound. bag of new Que- becs, sud $1.35 to $1.45 for old Mari- time stock.

At the rep-r. weekly auction of butter and cheese here ‘ouourow 1.200 boxes of Quebec white .100 boxes of Qucbcc colored cbccse choose and about 1100 boxcs of Que- bec butter will be offered to the highest bidder.

Montreal _ _ Stock Market

(Canadian Preol) sma- 9""

Bathurcit A .... ... B

m;- ..." m...

Int Nivknl --

liinssi-y llurris

McCall Front .

Mont Power ...

Nat Brew ... .-.~ ... . Power Corp .. n. ..- Quebcc Power ...- Shswlnigan ... .

Steel of Can .. Winnipcs’ El

"m.

... n.

liiiiiil MARKET ,

Pivotal New l York Stocks

Int Harvester"... Tnt Nlc

e- 1bi.¥‘.‘.‘t.‘"é.."§’5'°'“ ‘Radio .. ...

l. Stand Oll N I

‘l To! Gulf .. ..

.lininn Carbide .-

‘ lluited_ Corp

Beth Steel ... c

4——5c . 8c-10c -.- .u "v 10c

llnlon Pacific .., .

‘eeived at. the Heed Office of the 5 Bank of Montreal from its Bren-

gail sections of the dist/riots men-

GROP REPORT

Belowwillbsfoundsbriefsy- nopeisofteiegrsphioreports ro-

chee. 'I'he Branch Managers have mpiete and intimate knowledge ofemhiocolsltizationsndsrein close touch with crop conditions in

tloned. ' GENERAL

In the Prairie Provinces recent showers and cooler weather have been beneficial to the mom, but. reins and more favourable grow- 1118 weather are rcqiflrod until the harvest to prevent further defer-

{i

WHEATPRIBES SWING HIGHER m Piiiiiilliili

WINNIPEG. Jul! l! —- (C. P.) -- Wheat prices swung sharply higher, on the Winnipeg Eloohange todoy' (l! the Ihwfihh of o. good ggport business estimated at 1,500,000 bush. els and a stronger tone 1n ouwide markets. At the close values were 2 7-8 to 2 cents above Saturday's closing levels.

Values at the eiose were about 2 1-2 cents away from the high

ioration. Dmugl-it damage in the southern and central areas of all

Vanadium u, . Westinghouse s! ._ . - Woolworth ...

U S Stecl ..-..

three provinces is serious and a. be- low average crop is indicated, with is shortage of feed in s number of districts. The grasshopper menses continues in certain areas. In Que- bec weather conditions in the past

Marketa At A V Glance

(Canadian Prong‘

Toronto sod lidoutrcai- tacks clos- ml irregularly higher.

Toronto Mines-Early gains lost; close lower.

Now York-Stocks close lower.

Winnipeg-Wheat closed higher.

New York-ilffotton and sugar lower; rubber and coffee higher.

EX CHAN GE

(Canadian Press) MONTREAL, July %-Britisb and foreign exchange in gclation to the Canadian dollar, as compiled by the Royal Bonk of Canada, closed today as follows:- Argcntinu peso .8778. Australia pound 5.0146. Austria schilling .1700. I Belgium bel .2157. i, Brazil mllrefs‘ .0848. Bulgaria lev .0168. China Hong Kong dollars Czechoslovakia crown .045 Denmark krone .21 . Finland flnmark .0137. France franc .0575. Germany rclcbsmark Crest Britain pound 4.0181. Great Buitain pound 4.0131. Greece drnchnm .0003. Holland fiorin .5047. Hungary pcngo .2817.

.3607. 3.

Miscellaneous

saw roux. Jul! w-(A-P-l-Rev sugsr was quiet; today. Absence of business prices were unchanged with gpota quoicd at 8.50.

Theer were several up and down movements in futures but l.u none did the market vary more than three points. Final prices were not un- chnnggoég ttw: points lower. Sales

. , on . “gins; prices: S!!! 147i D66 153-54: Jan 154B: March 150; Ml! 15353 J17 168. li-Bld.

Refined s gsr 11s aliwlillllfi ll

"/5 4310 go; flu: granulstc .

1v. Y. £11m:

(Canadian Press)

gh¢y| Close Amen Cyan B ..- -... ._. ... ~. 5% Amer Sup Pow ... ... ... ._ 15 Can Marconi ... . ...- a“...

lill Bond Share .

... ..-.'

Niag Hud

“w st on um

2 llibngo ... ... ..'. ... 2% Ritchie ... ... lloyaliic ... .. So Ksord Ventures .

Vlckera . . .

... -... .“ .... ... aeoa as -... a. >¢ no

l1. e I

moon m: - 1a J'-

lndia rupee .3754. ltalv lire .0777. Japan yen .3080. _ Jugoslavis dinar .0221. I ‘ New Zealand pound 8.9002. ' Norway krone .2475. " Poland zlotl .1704. ' Roumanla leu .0103.

South Africa pound 4.9101. -

Spsln pesetn .1203. ~

Sweden krone .2548.

Switzerland franc .2814.

United States dollar sag pea premium.

NEW YORK, July 25—-(A.P.)—For- eign exchange steady. Grout Britain demand 4.07%: high 4.00M: low and close 4.00; 60 day hills 4.007.: Frflurb 5.4-0: ltalv 7.37: Belgium 10.50: Ger- many SdJfi: Holland 56-16: Norway 28.50: Sweden 24.30: Denmark 20.00; Switzerland 27.12; Canada 04%.

LIVE§_7_'0CK

(Cnundinn Dress)

MONTREAL. Jul! Ztl-Recei ta bo- tslied 1,947 head on the two ontreal livestock markets today being com- posed of i100 cattie_ 213 calves, bill hogs and 240 sin-op and lambs for sale, including about 875 cattle snvd 850 hogs held over from yesterdays markets. '

After the close ofyyeaterdays mar- ket hctween 200 and 800 cattle of fair to medium good quality were weigh- ad at; pnicos ranging from $3.60 for light fair kinda to $4.50 for medium good kinds. These prices were esti- mated to be 50 cents below last week s levels. There were no early sales to-

sy.

Calve were steady. Good calves were sold for $4 with common to Just mo- ldiuru veais from H to $8.50 common light grassers down to $2. Yserlings were sold as low as $1.50.

Good lambs brought $7.50 with

cent

week have been favourable to the growth of all crops, but bay now being garnered will give an under- average yield. In Ontarioyaopa af- fected by heat and drought have been benefited to some extent by spasmodic rains, but yields will be below earlier expectations. In the Maritime Provinces growing condi- tions have improved and txrops generally are doing well. In Brit- ish Columbia. crops on making good pmsleee. Details follow:

PRAIRIE PROVINCE!

Alberta. Northeastern. Ares:- Wbeat is 60 per oenajo ‘l5 per cent heeded at an average height of 15 inches. Coarse grains are average. Pastures and hay oi-ops ore light.

Alberta Southeastern Ares — 0mm generally IN progressing satisfactorily but rein is needed. Wheat is practically all headed. Pasturage is fair to good.

Alberta Western Area-Wheat is a good stand in the northern dis- tu-dct and coarse grains are pro-

_ greasing. Vifheat is heeded short in

the south and poor yields are indi- cated. Sugar beets are making good progress. Pasturagc and hey crops are average.

Saskatchewan Northern Arcs- The wheat crop promises a good yield in eastern districts and feir to good in central and northern sections, but conditions are poor in ‘the western one. whore yields will be light. Coarse grains pro- mise fair to good yields. Saskatchewan Southern Area - Wheat is largely headed and oom- mencing to fill, with straw short. The crop is poor over the major portion of this sires. Coarse grains are backward and light yields are indicated.

Manitoba-Crops an progressing satisfactorily in the north but arc spotty over the remainder of the province, due to look of moisture. The condition of all grains is be- low avenge. Wheat is over 90 per cent headed. Grasshopper: are working hnvo in the Red River valley am in certain southern Qaa. Pesturage is good except in southwestern districts.

rnovmoa or ooussc

While oedn are abort in straw s. fair crop is anticipated; other oe- reela are making satisfactory pro-

culls out.at 85.50. Sheep were most- ly $2 to 250

Over two hundred light feeders. averaging less than 2S pounds. fir!‘ sold after the close. Monday st from $2 to $4 each, according to weight sud quality. Feeders, weighing from lill

ounds to around 115 pounds brought rom $0.50 to $0.70. with a few up 81.00. There were no early sales of hogs today.

MT’L_.__(:‘URB

(Canadian Press) Close Close 14 ‘it 0%

Oil n1 .. -- s:- t... ..- Besuharnois ... ~.. s}! r- 1.. Dom lllng .... see ... ..- -- imp Tob ... a lut Pete ... .... .. A.- .... ....

gross. Pastures are in fairly good condition. Potato and other root crops are growing well. Indications are that nipples will be a good crop.

PROVINCE OI‘ ONTARIO

Fall wheat. cirttln: is general; premature ripening has reduced the yield considerably; a fair to average crap is expected. Recent rains have been beneficial to spring wheat, but a. short crop 1s indicated. Barley and oats have suffered greatly from heat and drought and the crop will be light:

Walker rm ... .'.. .. ......

GRAIN

éCnnodlnn Press) WINNIP G, July fi—

CLOSI

Wheat: July 81%; Ocfl SZX-li? D" Elli-M: May Stlfifl. 0 : July 381,513; Oct 30%; Dec 8051i! May 43, B. Barley: July 50%; Oct 52KB: Dec 54%; May 05A. CASH PRICES

Wheat: No 1 hard 82: No 1 nor 81%; No 2 nor 78%: No 8 nor 71114: ofnor 72%; No5M%;NoSC\\' MM: Rafi 00%; Track 81%: No i : ZCWSMMNoHCW .151‘: Ex 1 feed 85%: No 2 feed 34%: N :1 fee

3 18.50 fill; 38

d 32; Rcjcctcd 27%; Track »

Barley: 0 row ox 8 C W 541,4; .. row exacwoalgmvoacwsovmdrqo QCWIBK; odCWdflflN C M!!!“ Track 00%.

the straw is short. The yield of barley tobacco la expectedto be wperoenttoilflperoentoftihe last three years‘ average. Prospects are better for flue tobacco. Corn shows satisfactory growth. The harvesting of s good hay crop is practically completed. Recent rains have helped root crops, but growth hoe been retarded by lack of mois- ture. Owing to severe drought the growth of tree fruits has been m- tardeci in the Niagara. fruit belt and some drop has taken place.

MARITIME PRDVINOES

Cutting of an average hay crop has mmmenced. Grains continue to make satisfactory growth. Po- tatoes are progressing rapidly. Ap- ples, with the exception of one or

P0111". but still in the possession of Skins. July was quoted at '16 1-4 at tho finish, October at ‘l8 1-4, De- cember at 80 1-8. and May delivery st B4 1-8. ‘

‘rhemerket bod o much more 1198191? v-Ppearance than at any time since the wild slide to lower levels began, and trader; gpmue¢ heartened by the firm tone shown at 01110880 and Liverpool. The week end export movement was viewed as a sound basis for any movement of prices to higher levels.

The market lost most of its nev- VOUSTICSS lDdlSy QM firadg prggrqgg- ed in very orderlyvfashion with a firm undertone. The initial hour was quite active but as the mom- ifl! progressed. Trading thinned and volume was not earoeptionaiiy 1am

T119 6111mm market was mm "14 800d purchases for southern account was tioeuble, although "we wllins was credited m cm- 1-180 traders. After the opening m. vanoe. s. little belated liquidation was in evidence, but good Support 11°14 111B Price levels up strongly and values for the greater put. o1 thQH-mlonwereetoeocoteaiiaovc yesterdays oloee.

“Ne?! reported a continuance of, the svod export demand which started with set week's quickly de- cunl-Tlfl‘ BMW- I-MO in the session 110 figure was estimated for Can- adian wheat sold for export but; p was mdicstcd that sales were dew cidedlv enwuruzins. This would lll-

dlfitfi "l" importers find the new 1W9! 0f Wives quitc attractive.

Crop news and weather reports from the Western canal-lg“ when areas were never a, rector, and though Chicago prices showed gaLng of about three cents, the local mm maintained its steady tone on the “M591 °f 311° 8111011 movement e114 eteedv Liver-poo: cables. at the close of the English market qnm- tions were 8-8 higher. Coarse grains trading much healthier today and mama 1n aYmlill-thy with 1.110 stronger nppggr. anoe of wheat futures. Cash grains trade. reflecting the good export movement was improved with a little better demand being ohm for the better trodes of wheat.

‘Mystery Man ” Of Grain Trading Pits, Suspended

______

dfliCAGOmluly 34.—(A.P..>-Ed- ward A. Crawford, of New York, “mystery man" of the grain trading pita, today was suspended by the Chicago Board of ‘Irade.

While board officials gave u rea- sons for the suspension Crawford's "inability to meet obligations," fin- ancial circles buzzed with tales of s giant speculative pyramid erected swiftly and broken abruptly"