1

..-..il-

.__.l~.-

STOCK QUO

, We r News Affects N.Y. Exchange

i

(By Frank Mlcnlillen). ' (Associated Pm: Financial twriier) (AP. By Guardian's Special Wire)

NEW YORK. Oct. 2 — mlropes war cloud threw its shadow. over Wall Street today as nervols trad- ers pressed stocks on the market in tho widest break in 14 months-

At the same time Europeans bought American commodities as they (semi interrupted deliveries, and local speculative sources fol- lowed suit. Wheat was pushed up the (ull days limit for some deliv- eries for a time ln Chicago. and cotton was snapped up lt rapidly rising price-1-

The Associated Press avenge of 60 stocks dropped 1.6 points, the largest day's decline since July 26, i004, the culmination of the sum- mer decline last year. Today's clos- ing figure was 47.3, fairly evenly distributed between the industri- als, rails and utilities.

While the decline extended over a broad front, even affecting the so-callcd "war babies" about as much as other divisions, turnover was no greater than it has been on a number oi occasions in recent weeks. Volume in the stock ex- change was 2,198,700 shares.

Bonds did no better than stocks. Belling was mast concentrated in rail issues. but foreign government issues, especially the Italians were under pressure, with losses in the latter running from 1 to around 4 1-2 points. .U. B. government obli- gations showed losses ranging from 5-32 to 14-32 oi a point each.

The periods of greatest presrure in the market followed the mom- ing news of the protest by Ethiopia that its territory was being "1n- vad " by Italy. and again in the late afternoon when MursolinPs war-like utterances to his mobil- ized people became known. -

Shares which showed lo'ses at th close or around 2 to 4 points or so included Union Pacific at 94, Am- erican Tobacco "B" at 101. Allied Chemical at 165, New York Cen- tral at '20 1-8. U. s. Steel at 42 1-8, Bethlehem at 35. American Tele- phone at 135 5-8 and American Can at 138 1-4.

Canadian issues shared in the General decline. Lmses ranging from one point to more than two were recorded b; McIntyre-Porcu- pine, Distlllers-aeagramr. Hiram Walker, Ford or Canada "3', and St; Regls Paper. Fraotionalreces- sions occurred in such issues' as Canadian Pacific, Dominion stores, Intemational Nickel, Dome lldines, Canadian Industrial Alcohol, he]- linger andiLake Shore- ' '.

What riocks did:

WED' ‘ITTE

Advances .... . . . . . 43 202 Declines . .. ‘I13 408

.1. Unchanged . ea ’ 171 Total issues I42 781

i-__._i__ C. N. B. REVENUES

MONTREAL, Oct. %Grosll raven. ilcil of the Canadian National flail. Wily; for the llllle-dily pcrlod ending 501M130, sllolvcll an inert-sec of $073,- 033 from tho corresponding pcrlod of l your ago, 1t wail ilnnnullcod tndill’. Revenues were llsii-d at 416.140.1130

MRI. Stock Exchange

5 ll s] b Pltfled and Co. llcm- ‘hang’ net lloyntrul Stock Exchange)

Stocks Open Lllt Bell Tel 1.201;, 130 a (f Pow A ' 24 Brlalllan 7% liom Steel Coal 4 Can Cement 6% (‘on 1nd ll 7 (‘an Pnc 1h 9% lloln Brid 28 Imp TOlJ l3 inm- Nit-m 29% licColl Front i2 hat Brew 34 Mont 1'0“ 210% Nat Stool Uun l3 Power Corp . 1% Hhawluignn 10% Ho Can i‘r ..

Steel of (‘nu . .

BANKS

Bk of Canada . 53% 52 Bk (t! Nnvil Sculls .. .. ‘H3 Z48 Bk of Montreal 1J3 152 Royal lill of l'nu . 134% Can Bk of Commerce 123

.123

M a rk ets Glance

_-..__. (Canadian Prola) Toronto and Montreal-industrial stocks off sharply. Toronto ulinos-lsolyer. New York-Stocks sold down. Winnipcg-llihellt up 3 cr-nts. New York~Cottou and sugar higher; rubber», and coffee lower.

' GRAIN

(Canadian Prue)

CHICAGO. Uct. 2—Souhin|r the five cents lltuit: permitted for one session, wheat futurcs Jumped to the highest price level in more than a year today in a bull mrmlct stimul- ated by reports of the Upflllli‘ of llnrflro ln East Africa.

With ‘world lllrplua of wheat re- ported the lowest. in scroll yenlu the reported prcseul-n of war conditions wlls a dnnllllilllt factor in all world grain markets and priccs skyrocketed. The broadest buying movement ln innnlhs was wltllcsscil In the wheat pit here, and the advance rushed lhorts to C0\'('I'.

Rain-ting about a ccnt from the day's highs, lvhcut. closed 2111.414 cents above tho prclllus finish, De- cember $l.0(l'§’s~l.01 willie corn lwls

155-314 up. Ucccullicr 011.3102 At tho high olnt. cnru was within a minor fructlou of the i-ccut limit

pcrullssublc.

Ollta closed 114.4% up,. ryc 71431-411, higher and liilrloy was uuvhunged. Provisions also were higher.

Livestock

(Canadian Press)

MONTREAL, Out. Li-Slcully firmprlcea wcrc llotcd on the two Montrcnl livestock ulurkcla today ilud offer-lugs totnllcd 11,115 head. lio- cclpta were colnpusctl of (iii l-llttlc, liil cillvns, 150 hogs and 2,5110 sheep and luullls.

The cnltlo \\'L'l'l1 |>l\~til-:llly' llli steers and were firm at $3.60 to $0.

Cllvca were steady at, mostly 3:150 for grassers to $8 for good ijlltllll)‘ cillros.

Good elves and “others brought $5 00. lambs, weighing between 100 null 110 111a,, brought $5 50 bucks and culls wcru $460 shot-p were from $1.00 to $11.

"11""! "'11-'11 llrvlllrlll $2 05 fed and watered. Selcclsflrco‘ $1 prcluluu], Butchers ilnd lu-nvlcs were $3 75, Ex.

to

compared with li.-i7‘.',l)01 for the cor- tru hcsvlvs uud light bogs , $8.2’. _"'“°‘ ‘P11412533!’- Bcl" “ru- rrow l1 to as. "

Control Guardian laelil, 1e

l2’

Oblrltull Offlrilll, Cards, are , 4o

_ 0t er rltal ll t1 llullll- Charge ‘I ‘p’ u on

For Sale

nail woon stole sans aasnv for stove. Apply Gordon Ramsay, North River. L-1060-l0-2-3i.

s. B. BREHAUT, MONTAGUE,

Potato Digger for sale 11-89133-9-17-10-21-24-28-28-10-1-3.

Ion saw - AUCTION ronw- l

Five Bridge and Whist Score Cards. Guardian Central Job Printery. .

IOII. BALE — AT BONSHAW, farm of 80 acres with good bulld- ings. Apply Geddlc MacLean.

L-l061-l0-3-3l

I03 BALE - BTAINEB VIOLIN 200 years old. Also Gurney liot Water Furnace number five, Ap- ply 171i Fitzroy Street. .

.._._..__.. __..._.i. * Miscellaneous . FUR! IIPAIR-ED, BIMODILLED. Bony colt and sable fur for sale. 0i Iilm Ave.

LOCT-BIACLET WATCH. FIND: er leave at 142 Euston. Reward. Ii-lfli-ili-l-I.

- IIIIIUMI lIClIVlD-INIOIM- lticr! given and new business written on plans to suit your every and at. our new ofliol. Currie Iuiidilll. Charlottetown. J. A. Moons. minute. ' .

Tobe!

col-rad: rol IINT. u clu- lt. 11-1016-10-1-81

ma:

lapel ro _ nouns

omvllienoas. iy ‘i Priliol 8t. ‘ L-l000-l0-8-3i.

i-‘i

sol loos:

_ sunny room. Good location. Guardian. IrIM-lO-Q-IL so tau-nun» aralnslnr.

‘partly finished. ectrio range. Allfllrclili. Alblfélplfii

IQ! lullrl ldllilll of Condolence . an luohl N rel ll Thllll and Apps-cell! OI. 70o plnlllol 0v In. p;

L-IMQ-IO -I*3l. '

word? Alllolaenmaltl “fin”. u‘ “n”! huh‘ " Der worth ll Iomurlnm Notion, 20o p"

ll U" we I cl to mils Lllll ell ‘Flor-l? n: .0:-

I III Murillo-ell twenty-fl" u";

sales Help—Mall or Female

WANTED —- AMBITIOUS SALES people, men and women, spare time, to handle our line oi Per- sonal Chrlstmas Cards, featuring the following outstanding items fourfold tel tint parchments, gravure eohings, many cut-out style cards with tip-on pictures, attractive calendars, humorous cards, envelopes with wallet flap style, fancy lined and decorated to match cards. Elaborate use of gold and silver designs with bril- liantly coloured inserts. Dainty initial cards that are new and dif- ferent. y exquisite numbers

_ to chose from styled in case form

‘ “ with handle. Prices start at one'dollar per dosen. Liberal commission. Write Premier Art

Guild, 202 Castle Building, Mon-

trelt. N-23-7i.

wAuran -' MAN "r0 wolul on ‘ farm. Steady 131;. Apply N. A.

y . L-1058-l0-3-3l. lanteLi WANTED T0 BUY A PIECE OI‘ land on or near St. Peter's Peed.

Apply “X. Y." care Guardian. - LfiHHi-tll.

, Boarders Wanted

_W.ANTID - aoilanaas on

NOIIIQII l1! heated hOIIIQ. B00111!

large and airy. two with fire- places. Apply "X.” Guardian.

'_ L-lgtl-lii-ii-Iil. Female He Wanted

IANTID ~ AN IXPIBIINOID maid capable of doing plain cooking. Apply Russ Hotel.

imwowral. mason-calm I VQPQ! I0 ll.

Basil's cams mi- .

I 5|. 1H1“ lllfllel recent-V l! II hilt OI the ‘church.

TA Tioivs

l $7,750.

L-lUM-IO-I-C blifllll l0 "It

War-Threat R eflect e d , 0n Market

(C. l’. By Guardian's Special Wllol

MONTREAL, Oct. il-irllo alum- ean war cloud darkened the Mon- treal Stock Exchange today lnd listings swerved lower under deavy selling pressure.

"Power stocks were sold heavily not only as a result of the war scare but because of yesterday's refusal by tlie Ontario Hydro-qllectric-Coni- mission to accept delivery of 5.000 horsepower from the Gatineau Pow- er Company and 67,000 horsepower from Beauhamois Light, Heat and‘ PowefCompany. Montreal Power iell ii to 30 and Bhawintgan 16.40 1614 while others were unchanged to slightly lower. Canadian Hydro

Electric Preferred was of! a point‘ ‘at 4m.

Construction issues were also among leaders in the" downturn. Liquor and metal shares were sold heavily and a number oi specialties also displayed broad losses.

Steel of Canada at 4 was ofldb-to lead the construction group. Can- ada Cement Preferred dropped ‘A to 51 and Gypsum was down 96 ‘at 4%. Massey Harris and a few more also showed small losses.

Among the beer and liquor stocks, Associated Breweriesfell 96 to.0% and National Breweries was ofl a point at 35. Industrial Alcoholic t, a. point at ‘i. Consolidated Slnelte s showed the broadest decline of the list, easing 2 points at 160. Inter- national Nickel. another former market leader, fell 1i to 29% and Canadian Pacific was ofl it at 3%- Hollinger slipped 86 cents at 11.75.

Sales totalled 16.510 shares; bonds

PRODUCE

(Canadian Prell)

MONTREAL, Oct. 2—I‘rlcel hold n steady tone on the liloutneal dairy and produce market today. Oil the egg market graded -lhipmenls in curlote or less were generally quoted at 32 cents l llolen foo A-llrge, 80 cents for A-medlum, 241,5 to 25 cents for B and 21 cents for C. i

No 1 grade butter Ln carloia or less was again quoted nominally lt 28 cents l pound with small lots to reiullcrs at 25 cents a pound for solids and 26 cents for prints.

No 1 Ontario cheese sold at 121$. to i3 ccuis n puuud and no 1 Quebec at 121,1 £01211, cents.

Potatoes were Til to S0 cenls for no

1 New Brunswick mountains in 80- pouml hugs, ‘i0 to 75 cents foo no 1 Quchcc mountains and 45 to B0 cents for no 2 Quebec cobblcrs.

EXCHANGE

' (Canadian Pres!)

(‘losing exchange rates:-

At Montroul-Pnund 4.07 3-10; U. S. dollur 1.01 15-32; franc 6.68.

At Nr-w Yol-ll—l'ound 4 597g; U. S. dollilr 0R 15-32; friluc (i b8 .

At l'.|l1'lli-—P0lIIl(l 74.43 r; ian dollar 14.90 fr; U, S. dollar 16,18 frnncs. .

in gold-Pound 12s; Canadian dollilr 58 70 cents; U. S. dollar’ 50.48 CCIIIB.

NEW YORK, Oct. 2-—ll‘oroign ex- chinlge steady Greet Britain high 4.00%: low 4.80%: close 4.807.; l0 day hills i 80%: Franco demand 0.58

Canad-

C-g; ltnly 8.14; Belgium 10,80: (‘lnadn

us 16.512; Germany free 40.25. reg

tourist 21.25. rcg ccgnlnerclal 20.16. 1V’

nscellaneous (Canadian Press)

MONTREAL, Oct. 2-

Whcut, northern no 2 $1.00.

Bur’ y, Cannd‘ u western no 8 44.

nuts food no 1 38

Fluur- spring wilt-at plic-uts, firltl $6.10

Flour seconds $5 ‘l0.

Flour bakers $5.00.

Flour whiter wheat patents, choice $4.10 to $4.20. white coru $5.00. Bran toll $5 00. Shorts toll $21.25. lllddllngs ton $28 26. llny no 2 per toll carlotl $10.00 to $11.00. » ltollcd outs ling 00 lbs $3.05. lllllccso llu 1 Ont 12% to lli. (‘heeac no 1 Que 12% to 12% flutter no 1 ‘.33. . Egg! in cartons A 1 large 41!. Eggs A 1 medium 41. llggll A largo 37. Eggs A medium 85, A pullcll B3. B largo 30. Eggs B lnedlum 28 Eggs C 26. Potainl-s No l Qua lnis 80's 70-15. N0 2 Qllc cobbler: 80's 45-00. No 1 N B mil B0'l ‘I580.

Currencies

ldlarl Pru Oct. '-—Cuslsloios were agaiu irregular on Montreal foreign exchange today in light trading. The pound sterling rose 1A of l ccnt It 84 07 3-10 elld the United states dollar was up 6-32 crons per cont at 1 15-32 per cent preluluml The French franc remained unchanged at 0.68 cents. . NEW YORK, Oct. 2—Loading eur- renclel recorded further declines in the foreign exchange markets today. _’1‘ho Canadian dollar extended itl

(Can IIONTR All;

cont, The pound a""uq.. bait a cent at French franc, closing at 6 585i celltl. showed l loll of .0055 of l cent. »

ma. CURB

(Buppllrd s. Piiflsll ul -CO'.'I|P' berl of lllllreul link Bxebllll)

Mocks Br Am Oll Ulu Bong . llnll (Ill ... Inter Pot .. llelcherl A

nan BUIIAU ruriqrfonmd -

‘u s Steel ..

a..-

"rlla C§IARLUi"i'E'i‘t)WN uui_\_.i<_ul.5_l\'

f-"}Z

\

u. RT.HON. R. B. BENNET

i PRIME iiiiillsllil or clillnl

. WILL ADDRESS 2A

UBLIC MEETING

' —AT THE-

ARLOTTETOWN FORUM

SATURDAY, octane.- so. 8.30% p. m. All Cordially Invited

{ii

L '

Y. Stock Exchange

(gpppllfl by Pltfleld and Company Members of Montreal Block Exchange)

but

smells 00w Aln Am Am Am

Anaconda Auburn .. .

Chrysler Con Gas ..‘ lilac Auto Light. .. - Elcc Build Ngulrc .. l

Gen Elec Gcn Mot ,. Gr Nor l'fd int T and Deueuott

Niel l-lud l'r lll0ilt \Vlr1l N Y Central I'll-amount

N J . Vanadium 4..

» iuiiviivc

(Canadian Prell) TORONTO. Oct. ‘.'--\Vur news Put the skids under tho Toronto ullninB market today. soudiug pllcos tumb- ling and with tho decline volume ex- panded to batter than half a million shares. Early declines touched chlcf- ly the rocentlY 11111" lvldl 11111 l" reports of Italy's advance unread tbs [Qlllnfl widened to other grout)! 1"‘ lolsel were general-at the closc. Id The exchange lndox for the p036; dr°ppgd mo“; 4 points from l0. to 0003 whero it is lltt-lo bcttex- than two points above the Y1‘!!! 183: Miscellaneous mipel index hfld o” tor, losing about two P011115 ° 3 - ' At. the close 78 stocks were lower and gnly 10 higher and the latter were mainly slow-moving penny issues. n, Dome tool; m. bnen owl» v! lil- hlnking u to 39%- lil" Sh" 11ml" 179d 15$, clutyre l point and Wright Hargreaves, Tcck Hughes, Brnlvlilfi and Pioneer l0 to 30 celltl each. TORONTO, 0c: 2-

tinghouso

McWatterl Mln \'0r|| . Aloft Hall Monetl‘ . Morris . Nelvheo . . Nlpisslng ,.. , . Norundu . . U‘Bl'l9ll . . . . .. Eldorlldo

11‘ Bridge . Glllirlclle ..

ilarkcr ..

Puyuluntcr Pct. Cob . Perrou . , Pick (‘to

Ploneel- . . . . .. Prvuiicr . . Pros Air ltl-ud Allth Red Lake .. Itcllo Gold

Coin Curios .

Certain pennies are at s, pm. mlum. highly valued by numj-q. matists. As recently as 1933 only 51X Pennies were minted, and it is

already impossible “Jflflws they value. for three lie under‘ founda.

Museum. and the other two are in the Mint museum. There is a curl. 011s legend. which dies hard, con. nected with the pennies minted 1n 1804. It has long been rumoured that a crock of gold was accident- ally spilled lnto the bronze at the Mint. 0nd the Mint still receives letters concerning them and their 5119905“ value. As a matter of fact the 1M4 penny is worth about 15s.; not because there is gold in it. but simply on account of it; comparative rarity, since it was the year of the change over from copper to bronze.

What is known as the Gothc coin of i847 once had a value of 90s., l-ut can now be bought for 10s. It represents one of the Minvs few mistakes. for, after vmo had heal made it was found that the head "f "i! y°11118 Queen was much too difficult to strike, and the issue was suspended. Offers have re- centlv been made of £2,000 for one 0f the £60 Jubilee Crow-n Pieces, of which only twenty-five were minted, and £6 la said to have been asked fcir a special pattern crown piece in silver of which 26.000 were distributed by the Mint.

JOHANNBSBURG, South Africa -‘l'hree player in a football game were struck b lightning without being seriously induced. Most

of herself as a pacific country and

11°11 mm. one is in the British ’

Friendship Important? to ‘Canada

NEW YORK, Oct. 2-—(C.P.)-_- Canada “now increasingly thinks

is deeply concerned with the changing balance of power in the Pacific." Bartlet Brebner, month- ly commentator on Canadian af- fairs in the magazine Current His- tory and a member of the faculty of Columbia University, said in a. broadcast address.

lvir. Brebner, a graduate of the University _of Toronto, said the "great question to Canadians is the reconciliation of British and American policies in the Pacific. because, although Canada-can and does act independently of both countries, u is w her interest to be as friendly as possible with both." '

CAPE TRAVERSE SCHOOL

Honor roll for September: ' senior Department:

ting averageststrength the opinion

_l that the new leg-bcfore-wlckeli experimental rule has evened the balance of power between batsman and bowler. Only seven players exceeded 2,000 runs, 12 less than last season. While 76 reached 1,000 compared with 85 in 1934. On the other hand 27 bowlers took 100 wlckembtfmore. compared with 18 the previous year.

Political Meetings In Kings County

POLITICALIMEETINGS WILL BE 'HELD IN KINGS COUNTY AS - FOL LOWS : ' l"

St. Georges, ‘Iblelday, OoL-lll . cardiac. Thursday. Oct. 3rd. '

Grade I Bn-i. loretta Quinn, Grade I Jr.—-1, ‘Ibresl McDonald. Alfred J. Murray, principah Mildred Ouswk. I-ssistant.

0111's _DOWN arms LONDON-English cricket

bat-

Georgetown, Tuesday, Oct, 11th. Cambridge, Wednesday. 0ct- 9th. Montague, Frill-y, Oct. 4th. Murray Harbour, Thursday, Oct. 10tl Heltherdnle, Monday, Oct. 71h. Murray River, Friday, Oct. 11th

ALL mall-runes neon: AT a 013L001: r. M. A. A. mononaan -'r. v. onsur Lssso-s-n-u-u-l-i-lb-rl-u-tc-zs- 10-1-3-5-8-10

._ __:3

Grade X.—l, Arabelle Gardiner; 2, Esther Crooks.

Grade IJL-l, Hazel Sherren; 2, Helen Muttart.

Grade 1711141. Eldon MacWll- liams. ' '

Grade VL-l, Dorothy Gardiner; 2. Vera Rodgerson; 3, Ver-ner Nor- ring.

Primary Department:

Grade V.-1, Eleanor Harvey; 2, Alice Bilenen; S. Mary Trowsdale.

Grade IIL-l, Lawson MacNeill; 2, Wendell Howatt; 3, Vernon Mac- Neill.

Grade lL-l, Vlggo Norring: 2. Alonzo Patterson; 3, Norman Bart- lett.

Grade I Sr.--1, Eleanor Lord; 2.

Margaret Lord; 3, Eleanor Cut- cliffe. Grade I Jr.-1, Anita Lord; 2.

Neideen l-lowatt; 3, Ralph Camp- bell. . Principal, Eva R. Stevenson Assistant, Eleanor Bell. (Patriot please copy)

“if...

Emil/Au: scllool.

Honor roll for the months of August and September:

Senior Department:

Grade X.-—1, Clara Clarkin; Mary Coady: 8. Mary Kazan.

Grade ,VlII.-1. Clara McDonald; 2, Domien Trainor; 3. Basil Murray.

Grade VIL-J, Blanche Murray; 2, Eileen Clarkln; 3, Cecil Murray-

Primary Department:

Grade v.-1, Joseph CoadYi 2. Teresa Hogan; 3, Jean McDonald.

Grade 1V.--l, Myrtle and Cath- erine Costello (equal); 3. ‘Riel! Quinn; 3, Noreen ‘Prainoir.

Grade IIL-l, Russel McDonald; 2, Blanche Hogan and Roselle Quinn (equal); 3, Irena Clsrkin.

Grade I1.—~l, Dorothy McGlnn; 2, Eleanor 'I‘ralnor.

nscoilsrllucllo] PARTY uslnilas

Thursday, Oct. 3—Webs'ter’| Cor- ner and Powrlal. Friday, Oct. h-lona and Illt

2.

liver.

Saturlll" Oct. 5—Brad.llblne and Frollcrlolon.

Monday, Oct. 7—T!1'one and North liver. -

Tleqlly, Oct. l-Orapaud and lo w.

All meetings ai. I p.m. Further

meetings announced later. INGI AND IIUGIIIB, Clndihtel-

Political Meetings Queen's Bounty Liberal Association The Liberal candidates, James J. Larabee and Pete!

Sinclair will address the electors of Queen's County at ihd following places upon the dates given below :