. .

" ilazo

Time and Tide-

Due to the tremendous public ‘nterest in the stock market, bonds have recently become neglected, consequently they are QQIIIII‘ st generally lower prices than they have for several

years. Tho investor seeking safe employmmt n! h]; funds may purchase sound securities today with every confidence that the market is in his favor.

Our February Offering List contains over 100 investment

securities yielding from 4.73% to 7%.

coll!’

yilolrrnug

‘ mar ion».

i

May we send you a

MALI"!

Mr. Farmer

single or double bit stylo- The! are Illlfillkfll-

we have a. nice line oi Axes, handled or without-JR

Speaking of Cross-Cut Saws. We hove them 5-1 1mm!

‘e very reasonable prices.

Bethune Hardware Co. Ltd. ~

Phone 757.

“The Friendly Hardware Store"

The Land We Love

B7 IBAFK IIIGII 0-O-

CANADNS TRADEWITH TBE U. S.

Q. What is Canada's trade with the the United States?

A. Canada's trade with the United States continues 'to steadily increase. For the year ending November 30. 192B. it totalled, $1,824,429.67l or half oi the all-Canadian foreign trade. This figure shows an increase oi $127,000,000 over the previous year. Inlports were $815,225,155, and exports $509,203,918. Wood and paper ac- counted ior hali oi the exports.

PLAY BY STUDENTS . SUCCESSFULLY PRESENTED

SACKVHiLE, N. B.. Feb. 2.—The Mount Allison Freshman Class made an excellent showing in its presen- tatlon oi "The Freshman Premiere" in the Beethoven Hall on Tuesday evening. Faculty, students and townspeople gathered to see the in- novation and were highly delighted by the genius evidenced. The pro- ceeds were for the work oi the Stu- dents‘ Christian Association in the University.

Tile following took part: F. Ward Cook. Northumberland, N.B.; John Copp, Sackvllle, N .13.; G. McDonald. Glenholme, NS; J. Garrett, Brook- lyn, N .Y.; Mr. C. Peacock, Newport; Eng-i D. Stewart, Campbellton, N.B.; A. Nicholson, Summerside, P.E.I.; J. Berry, Garlsh. Niid; M. Kinnear. illollcton, N. 13.; E. Ellis, Jacquet River. N.B.; F. Jones, Woodstock, N. l1: M. Branch. Bathurst, N. B.: T. Illurrott, Newcastle. N.B.; H. Pot- tie, Fiat Rock, Nfid; E. Jiioiison. st. Martins. N.B.; E. West. Sydney Min- 95- N54 B. Peppard, Port Howe, N. 8.: Ian McIntosh. Sydney, N. 5.; M. Nicholson, Summe ids, P.E.l.; L. Mortimer, Ottawa, Ont; W. Berry, Sydenham, London, Eng; D. Murray, Pictou. N.S.; E. Stiles, Matapedia. Que.

The scenery was constructed and Painted by E. Peacock, Chas. Faw- cett and ; D. Burcheli. Dorothy Bwetnam of Nappan, N. 8.. was the Rmmllanist _and Miss’ Hemmecn, Dean oi Allison Hall. the director.

_q_._____i.

A French clown has vinsured his trained raven for $7.500. 1

cflllada has 272 millionaires.

two-monsoon...»- “l "Maul oaassnlr N‘ ‘Wlllliellasfanlloitolltalso

Qfhllaiasalblreeoelia. Prelim

sunled the nature" cf-an alarminl epidemic Tile latest suiiersr is 8ft swim noweiipliu unstr- lur- gscn and apotheoary. bod JQWPIl

123 Queen Street.

Stock Quotations

HALIFAX, Feb. 4 — Quotations furnished by Johnston and Ward. members Montreal Stock Exchange.

NEW roan nxcnaivoa

Inter Utilitiu A ... ... ... 46 Inter Utilities B ... .. 195". British America Oil ... .. 55 Imperial Oil ... ... ... 97 Elec Bond and Shares ...-fill

BANKS

Bank Commerce ... .344 Bank Royal ... "334 Bank Montreal ... ... ...4l3

WHEAT

Mar. ....125'/s MW ... ....128\?s July ....1aol; CORN Mar. ... ... ... .... .... 901i May ... ... ... ... .... 99h

July ...-Milli OATS '

Mar. 57%

May ... ... ... ... .... .... 53

.... ..-- 4975

WHEAT ... .... ...-l39%

... ... .... ...-Him

Mo? Jul! Oct.

can e-I

one ass

mnvssml ATTACKS

' PHYSICIAN or KING ,_ . __

IDNDON, Feb. t-Jnfiuenu. ai- though diiiurbinslv prevalent in pol-u oi misad and Scotland. can hllfillfllbldoflmodlhlll" as-

mambersctihenucxioahsalllalaoa steflarsalsoaiiectadlleatbefrua

‘ cause to worry on the score oi share-

. _ _.__._._

W"? CHA

Rl.fl'l‘»7'l~".'l'ilihfi\l GUARDIAN I

- I

THE ST CK MARKET WH T 1s IT 2

.1 . Moderator Visits Maritime Province

TICLE ll. By Don Moorman

1i we had no stock exchanges how would our le Lg, industries, our large corporations. get enough capital to finance themselves? There are people who will tell you that the stock market serves no-use- lul purpose, financially or industrially, and that it is conducted by i, iew shrewd men for the sole purpose oi fleecing the public. Every so often somebody agitates for reform in the stock market. Some- times it is an individual, sometimes a Eroup oi them; political and religious bodies have had a fling at it. Nearly everything has been reiormed—wby not reform the stock market? Several years ago a governmental commission was appointed in the Uni- , ted States to investigate the New ' York stock exchange, reform being the main idea, and with a view to- wards bringing it under federal or ‘ state control. “High time we looked into this queer business. We'll put the thing where it will stay put, and show them how to run a stock exchange." After almost a year oi investigation, this commission turned in its report, and the gist oi it was that nobody. not even federal or state governments, could rim it better than it was being run. The report stated that the busi- ness methods oi the exchange were fair, square, and above board; that it was an integral part oi trig financial life oi the country, providing a. mark- et place where the true values ci securities and money could best be established. Also that federal or state governments would find it very difii- cult to enforce the laws that the stock exchange had provided ior it- self - "A clean bill of health."

Bridge may ‘command a higher price fgr the sale oi its stock than other- wise. Under the stock exchange system all shareholders not desiring to pay for their new stock may dispose oi their rights. Thus the company has no

holders failing to pay ior allotment of new stock. '

As s. consequence of the old way the operations oi the company would be

Livestock Market

ceipts 945. The best car sold ior $9.25 to $10 with medium steers between 53,75 and $9.25, and common thin steers down to $7.00. Good cows sold for $7.50 to $8.25, with plain to me-

with the small capital stands on B" equal footing with n person of gloat wealth. The small investor may also diversify and become a part owner in several companies, which ownership he may change to other companies at will. Hundreds oi thousands oi small investors are doing this continually and their numbers increase every day.

As a mighty river is built up by the trickle oi many small streams, so is accumulated the tremendous amount oi money that ‘is required to finance the business oi the country. Money naturally flows to the place where its owners think it can saiely yield the highest return and one oi these places is the stock market. huge sums are available. These are quickly and keenly bid ior and the owners get a fair return for them.

The stock exchange, with its facili- ties for attracting and handling money, has certainly played a. very important part in the development of the country. Instead oi being a “RobbersLCaveP it has been a. good friend to thousands oi investors and has made many a substantial bank account from a small beginning.

The stock exchange is essential to the progress oi the nation because the financial brains of the country are unable to devise a safer or better way to handle the intricate financial re- quirments oi a sreat and growing country.

STANDARD MINING EXCHANGE

Quotations furnished through cour-

tesy of LOUIS M. ATWELL d: C0,, Charlottetown OiIice.

(February 4th)

Noon

. Without the stock exchange, Dom- Abang, ,,, ... ... 285 2B5 ' l inion Bridge Company ior example. Aconda. - 1s 15 ggegzlznszcffin; would probably finance extension of Amulet ,,-, ... 285 280 Amn c“ 8‘ Foundry co “unwo its plant o_r purchase oi property in Area __ _, 15 15 Amxrmcomoflve co mucus another city for expansion. by 15W- Arno 130 132 Am“ smelt a‘ mflnmg Co mum’ ance of high interest bearing bonds. Bidgood 4,3 45 Ana Copper Mining Co 0.126% These bonds would‘ be sold to a lcau- can Rouyn 07 07% N Y cent 8E Hud RV 'R R mg institution which in turn would cent M,“ 5g 3g Con Gas co (m Y‘) retail them to the public at a. profit. cleric), ___ ___ ___ 45 35 88 Again the company might offer addi— Granada ___ ___ ___ g4, 231,5 Hudson M°wr ca: co " ' tionai stock to their shareholders at - International Petroleum .. . 57”: H°W9Y 11° 114 Stand Oil New Jersey 491.. “ m” “m” “f “W551” “W” have Hud- Bay - - 215° 2175 Reading Co “I I" n. “Amps to be attractive from an income point In“ Nick’ '__ ___ _ 6675 6500 Southern Pacific .....135=.‘$ or View‘ on the latter b“: “Tlylgew Koot. Flor. ... Z2 25 Union Pacific Ry m m H230"; stock not paid for by hs are o ers Lake Show _ ' 2050 2025 u s Ind Alcohol Co '...1sz “’°“1d b“ ’°m"‘°d 9° 2° mfmfly Lav. Que. 1° ‘l9 Westinghouse Elec ....le4v. w“ i“ m“ “w” m" “ms °' ° Malartic loo 105 - stock. Eitger wgytlzolgid prove to be Mandy 128 138 MONTREAL STOCK EXCHANGE *" Y f?“ Y ‘m r “ “m” ' McDougall 64 65 The preéent day system’ as aided by Min. Corp'n .. . . . . . .. 530 530 Abltibi ... --- -l-- -----5gg the stock exchange, is very much less M015 151E111 ... ... ... gglé Miss Kansas 8t TeXB-s RY costl and troublesome. Suppose M111‘? Y -’-- ~-- Montreal Power ... ...1l5'.-I. Bridge needs $1,000,000 forexpansion. Newbec 3B 42 National Breweries ... ....137 1r, offers stock to shareholders at a Noranda ... 0310 6375 z Winnipeg Electric ... ..... 89 price so attractive to the Company Pioneer ... ... 35 35% Brazilian ‘Traction 75% that the extra dividends payable on Sher. Gordon .. 825 845 Steel Comm-Ill‘ 0f CP-llidfl 625$ the new issue may be considerably Sud. Basin 905 ‘I 945 Abitibi ... ... ..... 30 less than the amount required to meet Teck I-illfllles --- -- 90° B95 Shawinigan 92 interest on mortgage bonds had the Tow. 275 .275 Canadian Steamship 00m 49% company financed in that way. The Vlpond 106 108 Dominion Bridfle --1°6 stock market to a largo extent is Windfall 0'1 o7 Massey I-larris 94v. always discounting the future‘. so Wright I-lar. 20B _ 212 Building Products 44% probably when news isout that Bridge Buckingham 10% 10% Fraser and Co 82-h has been awarded a large contract. 515305 138 135 Chas Gurd . ... ....... 40 the stock has already advanced ill Sylvan“; .. . 210 215 Powel- corporation -.--12'-l anticipation of greaterdividends to palconbridge . cos 050 Foreign Securitierf... ....» ~37 come from the additionrc work. Thus 31g Mm . . 207 220

MONTREAL, Feb. 4.—Cattle 1'0-

Consequently.

dium cows around $6 to 8735- can’

expresses great. satisfaction over the r mlity oi meeting the people and the churches .-during his Moderator- ial tour. His interest in Maritime wel- fare is oi the keenest. matching his bopeiulness for the present move- ment toward a deepening oi spirit- ual lilo."

Dr._ Gunn was elected Moderator of the General Council oi the United Church oi Canada at Winnipeg last September and returns his commis- sion to the Church at the next Gen- eral Council, meeting in London in 1930.

His present tour begins at St. John, N. B., on February 10th and lasts until February 26th. Each day is crowded with public duties and, although only two days are kept free

teen places in thesixteen days.

“I have always been interested in the religious history and growth of the provinces by the sea and on manvvislts during the last twenty or more years," said Dr. Gunn, “have made happy contactswith the de- voted and able leaders oi the Church- es and have many friends in the Maritimes."

Rev. Dr. Gunn spoke with satis- faction oi the responses which had come to him‘ in letters from Mar- itime ministers and laymen to the call which he had sent out in the name oi the General Council for a personal consecration to study, med- itation and prayer.

This call. he said, was the expres- sion of the noblest and deepest long- ing oi a Council which had been in the finest religious atmosphere. Prev- ious Councils oi the United Church of Canada had, necessarily, concern- ed themselves to‘ a considerable de- gree with the duty of welding to- gether three eccclesias‘ical organ- izations into one. With this task largely accomplished, mechanics had receded into the background and the

Rev. Wm. T. Gunn, M. A., D. D.,

iortravel, he will visit at least iour- _

I

ill.

M

Assets o!

of assets.

The

the vol‘?

an malc

w» lily’ll“

[lglql ‘Ill:

Iii v h I

I I l!

Head Oifice:

every $100 CompanY w pollflhfgficzh Notwithstanding a g

' st rates creased mumflmsfaccorv "w °

of exwilmmal “m” with its row“ °f

m fiflt€ffiflfiiflgt m“

H!!!

TORONTO, CANADA

Amp-once 7 Service- ed ~ "p" fihfitlll‘

18° m.':::'i:ae‘i?‘i n-mgc-"ee i“ °'" mmiODb

‘ o-u-caooww- F“ Ofiglilhbnhbl. 1.. thtzycompmy-nowhaeflzl the W" under ‘loath

paid $3,335,143 curios"

“$519,354 w” P“ eneral Imam“

the Compfli‘? f inlflfit

3P!’

steady eal to lligcnt

e a sp ecial ' n. he Life 1115111191“ Pmfesslo

, future in t . m oflbnuis President: w Gnaduflm: (JI/yFLGUDIDY ' moms BEADS“ . 13.11.101.001!“

imiilflllmlililllllll l‘, llll]

ilijllilifilli, 1| u» ill] l" - .. . l i! "l:'"1"ll"‘ "i.Willi]!

i liifiillii" inn i | iwllflgglj| will] |"

ti’ i llmlli. 1.! iiil

I

I Solid ‘ d5 llll‘ Lillllinclll."

lil,~':l@

note of fellowship in Christ had become prominent ill the third Gen-i era] Council's sessions at Wninipcg.‘ “That fellowship continues to: deepen and has become EXCEMlillglyi happy.” the Moderator told his in- terviewer. "It should mean much‘ for the spiritual life of the Church!‘ in refreshing thesprings of her,’ ppower and in giving her the eyes to . see and the will to undertake her! full share in bringing the world to 1 Christ.” The third Moderator of tile United ‘ Church of Canada, Rev. William}

‘Thomas Gunn, M. A.. D. D., waslin part: '

born in tile village of Keene. Ontario. l

in 1867. of Scottish parents. and was i

lleducated at McGill University alld sets and thc Government station wa"

> . .- *1 ,_ . lgrgc held by lllom o ill‘ Doflrd- ,the Congregational College of Clllklflll tile air every night at regular lhe Geddle Nlelnmml unlisted bj= ‘ n ‘ ‘ A

ada, Montreal. After serving in two.- pastorates, Cowansviile, Quebec, and Embro. Ontario. with marked suc- cess he was called in 1906 to become the first and only iuli-time Secret- ary‘ oi the Canada Congregational Missionary Society of the Congreg- ational Churches in their home mission activities. He became a national figure during the Laymens Missionary Movement "and is the author oi numerous magazine art- icles and of one volume. "His DOilllll- ioil" on home missions. He was for twentyyears Secretary oi the Con- gregational Union oi Canada and has iilled the office of Chairman, the highest honor in the gift oi the Congregational fellowship. Prom 1904 to 1925, he was member oi the Con- gregational Church Union Committee and of the Joint Church Union Com- mittee. Since the consummation of union. Dr. Gunn has been editor of The United Church Record and Mis-

50S Of

benefit the people of the whole!

outside world.

Broadcasting Station For Newfoundland

sr. JOHN'S Niid.. Feb. i-"rilc Trade Review. endorsing the action of the Newfoundland Government

in appointing a commission to in- llzoxbmy’ Mass’ The funeral service] ' lconducted by the family pastor, Rev!

quire into the feasibility of operat- ing a powerful broadcasting station, stress the value such. would be to fishermen and the boon it. would be to education and the dis- semination of news and general in- formation. The Trade Review says

“If ollr banking schconcrs and fishermen were equipped with radio

"BUYS. tho movement of bait fishes, where supplies could be had and other information oi’ market values

of fish. lobsters. herring. etc.. could!

be given" the fishermen direct. alsoj

the local prices of the various com-i -

moditics in common use.

“Lectures and other short addres- educational value given on the curing of ilsh, canning, i oil manufacture. alld a thousand,

. i

illld one tlllllgs ill connection with?

our various industries. which wouldi

Island and a vely large part o] the j

In Memoriam

MR. EDWARD STEWART

Silently and peacefully on the aft- .

ernoon of Jan. 9th 1929, as the suns

. current price oi a share oi Dominion

restricted, the cost oi their structural work would be increased. there would not be so much building going on, other construction companies would be hampered in the same way—in fact, every enterprise in the country would be handicapped, the control oi- every industry would rest in the hands of a few, and the great mass oi peo- ple who are enjoying our present do! prosperity would be struggling along as their forefathers did.

Through the medium oi the Stock Exchange every person who baa the

Bridge may become a part owner oi the company, sharing equally with others, to the extent'oi the dividend, in the earnings oi the company and also sharing in the market apprecia- tion oi the price, and in the future prospects oi the compens- The man

IGRIPPI! FLU! INl-‘LUINIM | BAGING TIIBOUGH CANADA

PIBVCIIMVO measures ITO ldliilllllfl

with so ranch Grippe in the air. Keep the throat and nosn-ils clear of infec- the balsamic

boson stops grippy cold. it's splendid fair irritolile throat, re- liens headache lhd out

auickiydrivss inflaanllorippc

fmo. oiiizoeco.

a J

thedueaseiatbecitieaofhlllnd ....-=aW-1~~ea~"¢ i" l" l" i" .-

i

ners and cutters 83.75 to $4.50; bolo- gna. bulls sssn to a’: with aood bul- chei- bulls up to 88.59-

medium $8.75 to 9.25, common $7.00 t0 $8.00; butcher cows good

$8.25, medium $5.00 to $7.25, canners $8.75 to 84.00, cutters $4.00 in 4-50. butcher bulls good $7.50 to 8.50, com- mon 5315 to 87-00-

good demand and prices stronger, 25 percent of the ofloflhgs were veal!- Orass calves brousht irorn 86-75 i° e125; veais from s12 to m with a few picked out at $15.50 and $16 the bulk oi the sales were made around $13.50 and 111.00.

medium 01$, to $14. common $12 W $13, grass 06.75 to 87.25.

medium lambs including buciu sold for tlo to $1050, sheep were stronger at to to $1.50.

mon lambs tlo to 10.50. stronger. ‘rhose oi sood welsh" brought 011.25 and s few small feed-

Iel-r were sold for 110.70, rm ‘sold from 00.00 to 80.15.

CIR-flit).

“We . MMA- huge-gu-

Butcher steers 8o0d.~$9-l5 W $10-

$7.50 to

Calf eceipts 585. Calves were in

Quotations: Good veal 14 to $16.

Sheep receipts. 200. Common to Quotations: Ewes so to 01-80. com-

Hog receipts, 2290.‘ nose W0"

Unemillflilllont in Italy is less than

Intllepestaovasl-scniviooam- havcgoaa tornadoes to

sionary Review and Secretary of the General Council's Committee on Lit- erature. General Publicity and Mis-

sionary Educ

ation.

One Escape From Dorchester

HALIFAX, N. 5., Feb. 4—In the last forty years only one man es- caped from the Maritime peniten- tiary at Dorchester and eluded cup- ture, according to Constable W. J. Devareune, a keeper oi the peniten- tiary. who was here recently to take a ticket-oi-ieave man back to serve outshis sentence. A prisoner named MacIican escaped from the stock barns operated in connection with the penal institution. and was never captured. There have been numerous omel- escapes, said the redder, but in all cases the prisoners were ap- prehended.