v i” .____*-_-IT' '

MARKET BULLETIN

ilsedvodsvIWsoj-Bssdeslldfioflllw ilwill Wilt)

APRIL 14. 1937

THE CEIARIXYFFETUWN GUARDIAN

0.11"»: FIVE

U0 TA TIONS,

[STOCK Q

MORNING srocx 1.111123

i (Received our Milieu an c“ pm,“ w“,

NEW YORK, April. iii-The de- cigion of t.he Supreme Court on me Wagner Labor Act has been panelled with mixed feelings. It is mwregting to note, however, that me New York Herald-Tribune, a severe critic of the new deal, high- ly commends the decision. It is djmeult at this time to judge its long ternl influence. Yesterday the ‘my nlarketgavo a very good ac- count 0i itself following the sup- reme Court decision. We would ex- pegtisome extension of the ad- vance we would favor C0'.’1“"c, Industrial Rayon, Texas Colpn. socony Vacuum. Skelly Oil, south- gffl Railway, Baltimore and Ohio, Mont. Ward, sears, Crown Zeller- been and Loews

WRONTO, April l3—R1ed Lake cold Shores-Ire. I. Iough, Sec- retgry treasurer of fled Lake Gold Shore advises production for the month of March was valued at $51,- 300.

Jacoia Mines-Main shaft at Jamie," formerly Greene Stabelle, has been sunk 135 feet from the 500 level between March l7 and April 8, according to report re- reived at the local offices from mine manager Johnson with sta- tion cut and timbered at the 625 level.

Treadwell Yukon-Complete re- organization of Treedweil Yukon Co. in order to relieve the finan- clnl burden of large indebtedness and increasing interest charges is pyupfled by F‘ R. Bradley, Presi-

___zi

Moltnlmu MARKET when‘

Apparently the market's reaction to the government victory in the Wagner Case was principally one of relief, that is, that the issue had been settled.

some observers hoped the gov- ernment vctory would bring a stronger attitude on the part of the administration with reference to the sit-down aspect of labor troubles and others expected a moderation in the current drive to increase‘ the personnel or the court.

A more tangible basis for better ltock prices than the innumerable interpretations of the significance of the Wsgnes- Act decision, was, in our opinion the statement by Senator Robinson, Democratic leader urging a curb on federal

unending. - More developments tins ,na- till-o would provide the basis for higher stock prices, in our opirl- laidiew and Company.

i llIllMAll-Y

has Gulf Sulphur Comparly I100 not islmme $9,868,014 or $2.56

GENERAL ACCOUNTANTS - ASSOCIATION

Q-i George Y-Cllaf 110) CUGs As The Intermediate lIllI Ilnlsl Ix-

lsnlnllilolls of the allow Aslloollltlnn will be held Ally 10th, 20th, flint, 28th, Hill, 281k, 20th, throughout Camilla. For furllll-r llllilllllllllilll as lo nlem- bersillp, examinations, vie. apply to H. WHIBTON (I. (i. A. General secretary ' P. 0. Box 60, Sillilnll “IVY, Montreal. Que.

1037, concurrently

NOTICE

The public is advised that J. Em- mel. Gallant and J. Austin Gallant lloill of Chsrlotteimvn, Blacksmiths, doing business under the firm name and style of "Gallant Bros." have uisoiled partnership Ind -\vlli in future carry on their own separate trade or business cf blacksmith and horseslloeirlg under their own names on the premises formerly oc- Wllied by the slid “Gallant Bros."

DATED this Ni D11 OI l. D., 1931.

EMMETT ‘GALLANT.

J. L-l49l-4-l4-171.

ii. s. liEMMlliii. Geltifleli- Public iicsellatellt and Auditor

Ioobbesplsg qstsms installed or revised Profit and Loss Accounts Computed,

Trustee under the Bankruptcy Act

Clmpony By-Lawe, Minutes. Annual Statements and Reports Prepared.

Administration of Estates a Specialty. _, MONEY TO LOAN.

Charlottetown. P. B. L

Montreal Curb

Stocks

Iliidbl . Jbestos

A leauilorllois

‘rural-r :i'l!ll('l‘ V T C

For llr Walker

- r Stock Exchange Lon l: I I dent. in the annual report ‘ 1 (Ilppllel by Ilflhll g Os. A 1030M“, Apr-n 13_U Ionics cl Ismael b1 —'I’he shaft. is down tdfltlhecigli?) ‘niluuo-‘I-lh” r way. t igirgdlethfttlin the north urutwg ""1"" 01>~11---- 111m GOITGGtOd F01’ EVOTY . e veln was intersec ed by a dyke and that former opter- fiiucgl? 10014 louse Wednesday 8B Sall- aillfigfiglilnsttrilluddoli; cutting straight Pi’ 1° 1°59 d , l‘ E c. whicl ' - .. . mineral, went yaround 1h Li 2:51:11 fig 0021s?‘ w“ l“ ur ay s circle with the face of the drift Alilimldl 01% 58 “—*" Just getting back into the vein. flfflff,“ {Q3 / “rm Inl ° 1 Celer bullc 45c MONTREAL, April iii-Montreal ghlllllurllloco . u . a a Carlo," 4 ibis‘ a 10l- Trmways 11st profit 1936 after m“ ° m‘ m‘ gill-l‘)? w‘ "jfffj bond interest and charges at ggllgustm’ in o4 spinal-la in‘ $835,972 was practically unchanged Briggs ma 41:2 lm Pllrlley bunch t {mm 1935 ‘mu was equal to w“, (tiles v m], gabbafe hdilfl lb 15-20-10 ‘m, sham a an“ 9 Lnea Ohio 00.. 1a 01111 m we 1.1‘ 8 t .06 per share Chtyllei‘ its 11a Apnles do! last year. Dividends were paid m, Com Bol Beets 11k m rate of $9 Der share 8s in 1935, d from (g0 Aw :1“ 113123;: "the: 8960181 depreciation appropriation 1:3: of}: Cc £191.; 09% Slew meats from surplus of $600,000 was made (‘urn Pro _ (‘menu each 11mm 11» m» i'.‘:.'...3"""“ l’.‘.'.'.'.*.'.."t. '1' _ ‘ l Ere Thompson Cedilac-heaident Lt m“ m“ anagram Miner announces proposed in- F°W1 crease in capitalization from 3.— ilefiallllgfi 114% 54% ‘Pork 000,000 to 4.000.000 shares of which ill-u FUOCII 42 42 ao0,oo0 shares will be offered m flfflnfilfi‘, w“ shareholders on the barie o one " 4 for each ten held. The fundts so god "T? g“ 15%. raised to be used w Increase the lilllldclilot Cl!’ 20% 21$; mill Clllliity to 200 tons per day. Int llltlr 1041A 1051/, i Plan to be presented to llhare- 1m Tel Tel i: 12 . holders April 23. afg-aisyg-L m‘ 5W. IIIIIII is Innis-Ind s do. ill ill.‘ Supertcst Petroleum-Net oper- “"119 “Vlfliy 61% 81V. ' 11111111 profit 19:10 was equivalent to -‘,“""}¥ C“ ”'°'~"“ m" 33-03 Der share against $2 98 in Null BI: Alllerllhlc 14o 1935 on common and ordinary N111 (‘"101 RP! Arrow '10 shares combined‘ xiii-kiwi‘ a III? W?‘ izxlllfiqiielldlfllllyll _ Nor-til Pile 515. Bngunlnc 51:’. 1- 0k w 0 10 - »l 120 1:31:11 111251112}: glllzllltlirlllllglals ‘it; i‘ ll Gil O ~» 1:11.. ’ 1:11:51; .11 l... 'I‘el (‘ah ll Miss a: ‘not s6}; 133.1 43% ll gill-Jo ‘n10 1 nus RIHIIO (‘,0 l0"ll Brlllorlle S00 ' ‘r ' ~ Rudlo K O 9% . Brett Tr 10 ' . ‘.1 ‘ - n a share against $1,468,017 in 1935. géilggblg 5t 840:2 gamigsank Sm T° "MM" “m” m" 915"‘ °x‘ Shell Union Oil (‘an lull 104 bmsion. Inland Steel Company South me seat 58% c‘..- Mal 21 will offer stockholders additional 9rd 011 111d I, Clnleffr Y1 11M Q11 1111-115 or 01w 111m I01 ultimo. ‘ "lei. i335.‘ Eiiii ‘.33. “t twenty held. Texas Co em 021.4 Cnil lnm 1i Billld Gas Journal" estimates {lugs Drug 18% 29 0111181 B111 129 cru e o output in week ended , » . “ April 10th at 3,425,053 bbb. daily, iliiiiil 5K. 1...,» 12 1.5.4.‘, gglliimdfi. 111193 deeexa-se of 2,593 from proceeding g ‘is ‘gun 1111;” I Darlllrtlvater 11g} w . " "‘ " ‘ i. Nnsh Kelvinntor Corporation de- 1011111111215“ 1".” "glllslhco. 1:2 ' clares dividend of 25 cents payable xfgtrtncrflnn. 3.11),’, 112% 1151;101:1111!» May 2on1 same as paid Feb. 20th. . “ ' " -. “ .. Governor Lehman 'ssks that igllIl-B 021%,, Iltfilln-llfurk '1.’- levy 9f 2 par can}; of gross recejpts Woulwurlll 53 5.’! (sililli 1. 02 be placed on public utilities of G status, £11111 railroads" to gnIlJl-HLL] léoa ra , ,0 for jo ess relief. v "B!"

Mead Corporation in twelve Mantfeal lfixeru°ck 2%., gleelss to March 20th net incclno lilélllllgor 132,00 550.710 or B2 cents a. common “"-‘>' .. share against $155,201 or 19 celn Stock fichaflge “Mmmy if‘) on common in like period last g6} Cons If‘!

year. , _ '__"" , _v_ we ,, Carl Gray will retire as Presiden‘ "w-rnwm‘ ‘gm {t}: tuber 1st and wil l" sllcr?"""" ‘ m“ —l ‘nu 1-in-1; 1...l.. 10s of Union Pacific Railway on Oc- “""'" °"'”*‘" 111K111" 7%,- William M. Jeffers new Iii? SJ‘. $511] dflnt- ‘ Lupin 07' 30 Industrials high 180.12 low 9W0“ 09°" ch" '."'\“|h0"° 1'16 39 last 179.74 up 1'48 ' - 2o Rails high seas ow 58.10 last $3.155}. 122% 151-’. 1 Haiti‘ L“ 59.33 up .61. ruck? Silk‘ y?“ as‘ gllnclnigalitC 8:10 2o Utllliiles high 31.32 low 30.13 u d ‘i210, p,“ 6,, M§;‘,,,;fl',‘d ,0 last 3111 up 0a ‘llll “Ifl 30".’, @056 Mandy 40 4" 80111511141 m g; , s: l‘; s1 ti, 025...??? .11.. w m“ o... l'l\' 111'?“ gciclfllllzle a 1.. 1.11 Nome QQMMENT Hjtlhgi d 0" oai littoral’: as gun gtacm 14% 14% Qh-lrhlgerl as; Tile market's quiet strength cgiinw-fi.“ 21 s1 Tu mm a l earlier this morning has developed Q0011 {"11" "i 1i‘ ' 0101"" 12g into a. fairly robust rally with all wit” Sig?“ 83% s‘ flgipif, g the leadins crcups participating. n“... (will mu 21% my Nlpllnillg m Up to this point the market does u...“ Ilrill e e0 110,11 Norunda 811000 not reflect any fear of’ general in- x 332a a253,‘ ‘$125112’! 10 dustrial discouragement in the ad- 1mm... 1114 1s 1am...» are mittedly marked advance of Fed- 1111s 121w A 111111011 eral Control over the affairs of In- ijilfinffwl}, B 80 a, .3‘. "L," 7g dustry u 11 result or the sovern- <1... s: w 1m 11 Hind emu» 455 mentis victory in the court test of 141101111-111 Pcrron ' 115 (Lvpsulll 10% 16% PIUIKIE Crow 34'" the Wagner A“ 11.11.. lmu 111,4, 11H. l-lunccr B00 The decision no doubt improve- llolv aunt? :11 301,9 “nlvnll Ilnurn 1w ed the immediate outlook for m- lull’ I'm 111s 14y "region a bolus 41$ dustrial peace and in one instance QEQkQKrd M’ w" 120 at least the Rails, it served to 1...“. \vn0(ll an rm Red Lake P" equalize the labor conditions pre- 0111131011 1}" 13% m‘ 11-119“ 190M "am" m b“ °°mP°““°“~ P91" iIllillfnPlllw 031.’. cow: nnihrmucuc '1 naps partly because of this the M, 3,0,, “r4 401i m» 201,4, Rails showed more alertness than \11r =41 1'11‘ 413% if]: a" ¢'_1i"11\° l}? the average in today's rally. lffifflfilf "21 a Mgyflg,’ m Laldllw and CQmPBnY- Qlu-lml; Pow Slur-no , 460 llhgw 5H5 fillndcnbbllll Flash-Dividend action on Beth- fit fig}: m ,5“? 3m, 5,3,‘ m lehem Steel Corporation stock not ilnu u... 1'0“ 1-114, 141$ suu Basin e10 the directors meeting April 20 was’ s: 1'5... 11m s; fillllivnll: intimated by Eugene o. Grace, §§€m°1.'},___ A u ,, ‘Ticfgfig, m President, at the annual meeting “'11! u...» a a e Thnmp cla 11c of stockholders. "As a result of the ________ $ohurn :51: fact that rcrwui-d business ls the lTrliy afien my or $1 vfifififif” zen largest in the history of the cor- per share for the year but like Walla Amn 4 $40 poration, the second qua-rte!" earn- other baking companies. will show wrlsht- H" "5 hugs should be excellent,» he add- negligible Griliflllllflflulm‘ ‘flirsut, page; UNIJUTED ___ ed. due to his er cos an Billletin-It is understood that ‘increase not having become eflec- $1111 Dliv 11-94 old 60-00 tive until recently. _,,|;,,,,, ‘ 11.19 __,__ ._. .__ 'Pur1ty, continental, Ward end 1.1."... 103a I General BBUXII raised prices ons 3111113100“ "AIM B A c P A cent a loaf today in New York. 31'" 3m“ l“ ' " ' ' " PM “P”? “"0" ,1“ .31“ titans. u": l6 weeks w erees c or D0 I 11 - rim l: and 1a weolu periods. $,;_';,,§,;g°°" 11"" Consequently Purity is about flee ca", u“ - gnly company that will show my gurmzlu advantage from ilwlfll-BQI- P10- Dnwmu w ceasing rstiurgeds math: lit-npcCld $554.0“) n 5 _ current earnings. Cushmarls and gffgecp" ‘ _' Purity‘; volume of business is top- qm m", . 111- 1“ We turret’. "r l mesa-cold: arcs Miman 01; F-iérzrif-v. r392 poration earn . I 00mm "- 0 v > lhare in year ending m. rl-m §gymgffv 3;} rears "1 1.2;... w- .111" ail Str se emen - 1 o Uhooolste Comoraticn plant It {,","°'u,_ 3;,‘ He ‘ er Lille lo-c ‘ Ludiuln ltecl cunpsny dselares n am m-u New 0 lass 100-101 “"14"” 5 W1"- s la Kirk u: It 21 sudden recovery in KAIIIII test- s o his 111-00 lamina Manet. Intsmsticnol 11%. sg-u uee opened dull and later finned {fmy-h lei-in‘, ‘April II-SI. Oglllkl 20- i Annual meeting icmomw Do- Olllllll ss-ll 731-1- h; 01-35-13 1g,- 2‘.‘.'..‘3‘“°" .1: I I. ill. @ I - x ‘ - m Guam‘ 811d all Illllllltd I P. m. ‘Toronto, 000ml?! m! g Ontario, Iidorsdo Gold Mines 34.0 M I. l. h. j

dome Oil _ lup Oil Int Pete JIPICIIQT. A Price Prll-l- PM Ilmvlllitc lluht lilliclloll Banks . fluid“ Illness-lonely“)

I _ 35"" 00cm Close it i"

‘om

‘s: Mtl a a“ Ill: Nova 5 Royll Bk )1] 315

New York Curb

(Bl-IIDIIQII by ‘YOUIII-Rflld! 11ml Co,

"lllfil u,“ a l (‘you B n» .1 1 m... 11:1 , .1. llllp Pow , .. h... n1 -_

.\l:il‘ -_ l urv , i Pvt I 1 il Sh s Hull l‘. l lH-w .\ I i l. I’u\\' l'l'li

Produce rrices

1 _,._ B, Gnirdhnm. 5mm, Wm) ‘

.VlUNTREA.I.l, April 13 — Wheat, .. No. 2 $1.56; barley, c, w, N0, ~90; Oats, feed, N0. 1 .66 1-2‘, No.

, e oats, C. W. No. 3 .67, F-our, spring wheat patents, firsts ...90; seconds $7.50; bakers $7.40;

.nter wheat patents, choice $0.10-

20, white corn $6.50.

B1 n, ton $7.25; shorts, ton

16.2.1; llLdfiilllflfi ton $41.25; roled 73H, bat: ‘Ju lhs 4.05; hay No. 2, per m, carlois $9.

Cheese, Usrtario .13 1-4-13 1-2.

Butler. .28—.2B 1-4.

Eggs n cartons: A-1 large ,g7_ ‘Z8; A-l medium 24-25; A-1 pul- lets 22-23; A-large .25; A-medium .23: A-pullets .22; B .22; C. .19.

Potatoes: P. E. I. No. 1 Mts 90's $1.50; N. B. No. i Mts 80's $l.l5__ 3%); Que No. 1 Mts 80's $1.10-

firm on Montreal open produce marlkets today while butter and po- tatoea tended ease. ‘

Graded egg shipments in carlots

for A-medium and 1B 1-2-49 for A- puilets.

Butter wasquoted at 28—28 1-4 cents a. pound for carlots or ‘ess o! No 1 while lots to retailers were 29-29 1-2 for solids and 29 1-2—-3O for prints.

Cheese was quoted at 13 1-4-1-2 cents 0 Pfiund for Ontnrios while quebecs were unquoted.

Potatoes: P. E, I. Mts No. 1 $150: Cobblers No. l 90's $1.50: N. B. Mts No 1 801s 31.15-81.20; No. 2 80's $1.00: Que. No. 1 Mts e0‘.- $1.15- $l.20: No. 2 80's $1.00: Que No. ‘i ‘Mts 80's $l.l2—$i.15: N0. 2 Mits 80's $1.00; No. Z Whites 80's .85—.95.

(Contlnuedwfrqlrr page S) _____

lon than they did ten years ago. Not only so, but with the con- struction of pavements. with every substantial improvement in the condition and surface of the road. the motorist who uses the road saves not only in his gasoline bill but in his repair bills and in the wear and tear and depreciation of his car.

"No Announcement"

"As to whether any substantial pgvlng programme will be under- taken during the present veer. I do not think the Government is p ed to make any announce- ment at this .. moment. We 1w that the question of pavementwas not given adequate consideration by the late Gnvemment before they plunged mm a nuee expend- iture in the year 1935. While W6 are glad to notice that the pres- ent condition of the hliilwflylfom Chariottetoum to Borden is Dmb‘ ably noteoeerious aswe feared two or ghrgqyveeks ago, at the same time it is apparent that there were a great many defects, not so much m the detailed construction but in the principle of the constructio!‘ of that highway. I don't intend t0 do into the details, but we feel that perhaps there are other de- fects which we have still to dia- cover. and for that reason we are rm prepared at the present mom- ent to state definitely that we will embark during the present season on any elaborate system of mv-

ln . Ewhether we are able u. do any ving this er or not, the Gov- znment is (iyeetennined that in the

Rniles

R

liellrh-hor

sigma

llneit G

lcuth fic§onlle i! rlnlnr .

1 lll‘ eon R lllnulinl- llll

1

MONTREAL, Apr‘l 13-Eggs held.

or less were quoted at 22 cents 11' i dozen for grade A-lnrge. 20-20 1-2

$63,288_De f." c

" - _/ \ i ~gnwwi mm -_ .. ~/\/X/

TO MODERNIZE -YOUR PROPERTY

Why not take advantage of the Home Improve-

ment Plan?

Our nearest branch manager will gladly furnish full particulars of thc unusually favorable terms to

borrow money with which to improve your property.

You need not be a customer of the Bank to secure

the service.

lVri/e or call for descriptive booklets

‘The of I I i

N

~‘\ 1'" -/'=: /'?1'---//r\_,/§_

YVIONTWKICAL, April 13 -— Billie!‘ 1 tics enslvrl nurmvrb; on (ilulaulizln (‘illllhflfllly exchange produce sec- "rm today while eggs rclnn ned lumii even. spot-Qiie rcgrrarlrd 28 Jlspection 211a; ; Ont iresh

100 scorei 27 3-4A. Cheese flDOl~~liilqllOlPd. Eggs spot-Ont A-lnrgu

medium 20A: A-ptillots 10A.

n

r»

A; A-

Livestock

riul Wire) ilf new», ‘ ' F "OHGGQGGUD-DQCQGCQxUGD-DGDGD-QQDftGGDGDDGQGUDCGGDD-DV

1 Advertising Rates-Payable in Advance

((‘.P. By (lllilflllillfs \'pl'

MONTTLEIAIJ. A ‘l lion again iwti Mcntrcnl liwslo 25 cents gntn in 1 sctt omen: loilav. Otllvr divisions held steady nml llllCIiflilflPCI.

Receipts cattle '72; sheep 0nd IiIllII)\ l‘i:

Good steers lnontlii medium cows fmnl $11.7.» and common kinds from $3 to s Canners and cutters went irom $2 in $3 WIlIIP r-nnlmon hulls solrl ill $3.25 to $3.75 with fleshy l:.n<l.~; around 5-1.

ltiod um good vonl ca $0.50 \\‘llli mmliinn -1 bulk of shims were at $4.75 to $5 mill crmmmn hairs down to $4.

'I‘\vo sminu Inlnhs pounds brought. $7 m

Imm- . w ‘-

\\’l‘l"‘.llll\Z

mrm quality slir-"p Ii‘ i?! with goods around $5 5n Boron hogs. fed am! m1‘ "vri, sold

on former con-tracts at. S" ‘J5.

i‘?

iillilre gffliliil‘ illtl" U011 will b6 given to the sub " princes. We feel [hilt um" 1-. - paro-

ment is only as strmnfniid perm- anent as its iuunrlul age, its ditching, its 1m

[001 that lIIi‘ gl'u:“\-:-l plv-Q tcntion must be given to those processes, mid that 11.0 iravvlnczlt

must be luid down until the (lov- ornnlent. is confid-rill. that the sublrrarling~ilie fiilliVLlllllli n1‘ lllf‘ r0ad~has been amply and ilricq- iiatcly prepared. \Vv incl nl<o that even apart froiu the prospective llardsurfacinlz to which this sinn- dard subgrurlilz; is prilnurily preparation. the eiznuiurll szuhrzrilri- illg of n. ronri. the \\‘I(Il‘lll!l[! and ditching. drainmr; and cruvoliiug.

".

will be a substantial and pcrmm- _

cut ii11p1"o\'r'l'i1oiit.

“A: I stale-d, the current. callin- rltcd deficit is $03288. \V0 could easily have produced a lnulgri showing n balance of receipt. and expenditures for tllc present your. 111cm are many things WIllCIl we could have dom- tn nuhlrvc that; we could have rorlucvrl our smkiha fund provisions as s. great. many other provlilcvs haw done; we could hnvc capitalized our dil‘l‘('I relief payments as I believe most of the other provinces have dmlr: we could have taken this proposed increase in the gasoline lax and put it into ordinnvv revenue- ‘and allowed it to be paid out, as ordin- ary expenditure; 11nd in general we could have achieved the some object by adopting nn easy. opti- mlstic attitude. we have chosen not in do so We have chosen to place tho rams fairly and squarely brim-v public. We have chosen in say that the best expectation wr- can see clearly for our nvcscni. FFYPHIIP and necessary (‘Xpflnrlitllrrs is a deficit of 861.238.

"We still hope that, we mnv he

able to follow the example or Inst

year and make a better showing

than that for which ww- oslilnated

m. this eflori thl- (lovcrinunvt Xvzli

require the (ffiOpvfiliiiill lint Oll'\‘ m

every member ol‘ (ho I/‘glslnlllrr,

but every well-intentional and in- terested citizen and taxpayer

tbs province."

4‘

~15 i 1.1 hllc rnm- ‘

As l snlzl before.‘

tllc.

°I McNally, Tracadie

r -- 45- Jrzgmg/lv; e/\

l‘ 1L _ i’**-“-”

l .