nPlIIl; 5.19.4». a . ..

‘t..ou R . FALSE TEETH‘.

.~ J? ' ‘ . I.‘

‘J

its, many times analyzed and warned

-r

' ; i.

'7; commercial or business Prospects;

CLEANED *- ~

. but on the contrary, the general

_ ' outlook for trade is as good as, if

I ' not better than, at any time in

l . the past few month. Underlying

industrial conditions are sound. and

able level 0'1’ security prices. The faot is that, in spite of the various discussions of the situation, and the warning expressions generally, that have been furnishedby authorities from time to time, little or no heed has been paid to thatstate of affairs.

steadily advanced and enlarged, and

governmental policies or actually disturbing incidents such, as those which developed in Ghicago last week, in connection with the calling if bank loans, easily brought on a rendition which for the time being was critical, The circumstance that ,rcc0very has succeeded depression is “the result of strong support which

. l-ellief of the market, and has

to attacks.

MILTON l“

k l u r4 l

A choice of two methods-but it must be Milton. For what elseecan kill crms and remove all the stains and 'ttlé'bits of food? Milton docs this, and more-actually polishes the teeth, burnishes the gold arts and ‘takes off ‘ ﬁléll.’ dAIld not t e slight- est harm to e enture-your den- . tist will conﬁrm this. All dealers sell Milton-at 35¢, 65¢ or $1 a bottle. You

Selling Agmls: HAROLD F. alrcl-lla a co. LlM1rao,'ToRd'N'ro MAKE POINT OF READING THE BOOK WITH THE BOTTI-E

cusms_ rum oven ulpur

i RESERVE SITUATION

resort, gave some

late advance of rates to 6"per cent.

i Accompanied asmthese u- assurances om a uarters, E A. Stewajt, Jones’ n u q

Investment Securities

u.._

policies. On the * success has been had strengthening the bank's

i 171a Investment Situation

‘s But the increasing

Current quotations indicate that strictly lnvestmen securities are lower now than they have been for l . A - severe years great many high grade bonds and,‘ Dart of us managers that cred“ preferred stocks are selling from 3 to 10 points belowf, 1921 and 192s prices with proportionate Increase lu-

yield.

sarily tended strongly to confirm the policy of withholding further advances of funds which its man- agers had already endeavored to initiate.‘ Realizing" their own situa- tion and urged from many quarters to apply the policy of higher rates in the endeavor to reduce loans on collateral, the Reserve System thus occupies a position‘ of crucial im- portance in connection ‘with the actual trend of the market, regard-

. . _ i ‘We feel that those dependen‘ upon their income fromg securities would do well to take advantage of the‘?

present situatlon/ I

o... April Booklet contﬂnlng over _,V9o investments,’

yielding ashlgh as 6.60%, wilt-prove most helpful to;

Investors who require the higher retullle available all ' . |

present.

l hushloso, or or the hopeful prospects

M“! l" ""5 7°" I "W? for new" financing. This state of

' . ' T things is likely to continue for some

v e -- v * time, certainly until the System has

Eastern Secarztzes Company Ltfl. q...” definitely embarked upon a TNVESTMENT BANKERS q course of policy which is made

C. xmomww“ d, known to the public, and has ended

the series of warnings for which it

Montreal recent

St- 3°11" has been responsible in

llalifa; i weeks.

, BUSINESS‘ AND CVREDIT

Undoubtedly the factor which has tended more than any other to pre- vent rate advances from occurring, has been the belief that such advances would tend to hurt or retard bus- iness. Federal administrators are probably not aware‘ of the fact that business is now to so large an extent being financed in Wall Street, but appears to inmgine that it still gets its principle, if not its only, support from bank loans. As a matter of fact statistics clearly" show that the cost of such loans, ‘taking the country, u a whole, has increased by about one half during the past year. Business has thus borne its due Share of the increasing expense of credit. Both business and collateral. borrowers have now, however, had emphatic warning as to what b to be expected, and the sharp reduction of prices for stocks, the advance in call nﬁmey, unparalleled for eight I yearn post, and the growiglg dif- ficulty of obtaining accommodation on a normal basis, have been fairly well lmiclaated or dlscolmtad. The cosh has already been heavy, and it la entirely poulbls that. further ro- ceulon may occur. as is usually the case nfgr nn extended not-beck, fol- lowed by eupportdnunded w relieve the xlmmodlm danger. Not only npeoulativo operator-l, therefore, but business clamor-incl. including all thou who are necking mean to the HIM throulh the luuo of lung

“with the best ingredients {are used in the manufactu» "re of our chewing tobacco.

‘The Bear cuzwf

1, . HItIKI-LYe . =NlCtl0LIONi . i i ~ “BLAOZKTWIIT” ".13: -,CVI-I’_E.WIN .13 ...-~ . _ k .

r .here is every reasonfor a. reason-

The loan account, moreover has been

this almost inevitably led to a con-m diiion where worry over possible

has pwperly and wisely come to the

1 enabled it to present a. better front

Announcement made by GOl/ellllll‘ Young in his address of solne days. ago, that, advances in discount rates would be called for only as a last reassurance to timid holders of shares, but was not. sufficient to offset the continued and well authenticated reports ofefforts on the part of some of the interior Reserve banks, to force an ilnmcd

were by that very sharpidivision o_f_ opinion exist- ed iXZIWBShlIIElSOH witlrr regard to the actual policy to be adopted on a national scale, they furnished ground

P, o, BQX r Phone. for anxiety. NothIrlB has occurred ‘ ' q that can properly be regarded as Charlottetown I - weaken“; the msem pqslﬂQn h,

New York, or calling for any new. contrary, some locally in position _ by reducing its holdings '0f accep- U tances as well as in some other ways. recognition of the enormous size cf the obligations of the Reserve system, both domestic and foreign, and_the feeling on the

conversation is essential, has neces-

lcss of the character of underlying

irnﬁ

' o 0 o o r ' l m»; The Financzal Sztuatzon ; Buislless Condition Good: Money Conditions Bad.

WALL STREET, N. Y.. Thursday. term bonds and other securities, and March 28, lama-Expansion of cred- foreign naltlons who are .= r 1mm; r

upon this market for current sup- 1

against in these advices, brought the plies o! funds, must accommodate inevitable reaction durlﬂ! the Past themselves to the situation. They‘ week. There has been no change in will find it needful to arrangg they; .

affairs in such a way as to pass, through the period of adjustment which has now been initiated-with‘; as little suffering and disturbance ha; they may. i

.. , __ - Ls l . Problems of Finance

Notm few concerns must of course i encounter some immediate financial! problems. A number of the larger _ public utility enterprise! are planning new financing upon. a ' considerable scale, among them American Telephone and Telegraph, and several oi’ the railroads, as us; as the Uunited States Steel Corpor-

es. Extended appeals‘ for new capit- i tat are; also in sight in connection I with the important, bank mergers which have lately been set on foot,‘ so that the reaction has come at an unfortunate moment. On the other hand, the necessity of having these various proposals come to a success- ful fruition, ls of course fully recog- nized, and will result 1n enlisting, the co-operation of many of the strongest ﬁnancial factors in the community. Recovery is of course greatly aided by the fact that actuali business conditions are so sound and promising as is the case. Most of the more important railroads, are re- porting improved earnings during February. ThL; has been conspic- uously true of Pennsylvania and sonic other lines in the same general group. Pennsylvania, showing an increase oi- more than two million dollars over February, 1928, At the same time the steadyladvance in the manufac ture of iron and steel, the lately as certained fact that last years pig~ iron output was 1,500,000 tons ahead of 1927, and that this rate is being currently exceeded, the further ad- "vance of copper to a. domestic price of 24c and the wide-spread foreign demand for American goods _of ev- ery description, which are now Boing abroad in record volume. have all tended to lay a foundation of strong I gzonﬁdence under the present busl/ ness situation. Oil conferences shay-- ed imbybne of themost important European ﬁgures in the oil world, are now in progress, and arelntended to bring about a still more effective stabilization of conditions in the oil industry. .

New Congressional Session i The opening of the new Congres- sional session is now a mitter of the early future. Preparations for it are going forward actively. The ‘ dlcations are that it will b1: s broua discussion of economic questions. Primarily, of course, it is to be de- voted to farm finance and the tariff question, but of late it has become apparent that officials are looking with a more favorable eye upon the idea of admitting to the discussion several other issues which had been thought more likely to be carried over to the next winter or regular meeting. Among these, it now seems likely, may be the railroad _consoli- dation question, which is again be- ing pushed to the front, while there is also a‘ demand for action on some of ‘the public utility, particularly water power, questions which have been before Congress. Demand for the initiation of banking discussion

_ chalznorrarown écblniprllu-

utlon and other Industrial enterpris- ,,

' 1

l 4

i. i 1' 1111?; z m _.,_. Th s Q-pzece. i/v*~'i{i1;'.!"1€ﬂli

i e 5 ].:...§'iy//.r.

. . S a *- piﬂiilcatt " Quill ‘i i ~ _ ., Noliluifcl- 1lO\V1ll£1ll_‘v' words we used, \\"'c could not g fittingly (lcsscribc this beautiful , S... julue PiECE WALNUT DINING sum:

"it really has to be seen to be fully appreciated’ "Fhcciloicest of walnut; long seasoned, lSétlk-I nlatlfrial, assuring years and years of sturdy service; on buffet 4nd china cabinet there are . beautiful figured panels oi‘ ext-op- ticnalcllarin; the table is provided in your choice 0i’ tixiulilo 1iedestal or G-leg style and the chairs are upholstered in real leather. 1 P W 1 t D ’ _ __ 'i.‘llis Comp etc 9- _iece a nu ining ti»; t Suite l.lclive1'e<l for only“. . . . . . . . . . . .. ?‘¥'®a ' ——Ol‘ you can buy it on Deferred Payments at slightly higher price.‘

H {'63 a ﬁgured Walnut . lt@;:.--°,"e of the» Latest Styles

l 9s

is also heard. How much of this t . , m“ ﬁeld is “my w be cwemd w i ,_ The above illustration shows our special

mains to ‘be deﬁnitely ascertained. J FIGURED WALNUT DINING SUITE

but a arentl some important items ' __- r - - _ y - _

amonléamm gnumerawd have ‘ my‘ 1t s a Fl-plcce st) 1e that you cannot afford to nllss.

fair prospect o! attention. This: --- The ~ .. ' - ,, _

should prove a constructive feature .. the big funiggllllrlvctg‘ylgalnilégslgosttyle that went over blgv, at

of the general market situation, par- shi in ‘thi .t ‘ n 1s agQ and the Craftsman-

ticularly the railroad consolidation - . p S sul e 1S {lnusuauy good- The buffet i5 66 inches

aspect of the pun. . ., Wide. the roomy chlna cabinet has fancy. rfret-urork on the

~ . central-door, the 72-inch tableis double pedestal desi a 'd Market Review and Outlook t the high back chairs 11a.ve genuine lether seats gm, an As for the‘ immediate future .. - delivergénitggligc: egallnuti ‘Dglmng Sulte ‘ .

the market, opinions of course a- ~ or ybucalfb _ _ l) -9~ -DI'lCe.. t. . . . . . . . . . . . . . ' i necessarily somewhat divided. . ~- . v 11y 1t 011 Deferred Payment at 8- Slight advance, *

renewed or secondary set-back us. o -- ﬁlese a-re t T f S b ~ ' » .

ually follows after a vigorous rail) 6 -, ' v ..

such as has already set in. and there a - as ' _ wo ' es fro," Scores on V ‘splay 1 ' a ‘

is already indication that some oper- r l , ' l ‘ l

ators have taken advantage 6f the R ' I H ‘ * l ~-

recovery to dlstributeatocks. The .1- - i _ 0 Q 1 ' . l l D -

high money rates, which are likely l ' = ~~ 1 i "

to continue at some fairly advanced ‘ 129-4315 GRAFTUN» STREET ‘ V r I

level for a good while, naturally ex- l ‘ - .. . . l

art a restraining influence upon *———-—Pr-—

would-be purchasers, and when the BFQNDBD. MINING IXCBANGE Olericy .18 .18 .20 " ~ "We "Rupert. that was called forth t- --r"""' ’ i‘ i bums v.25 9.0a aoo M¢1Hlyre'---------19-00 19.00 20.00 wmh‘ "o u‘ 1”" m wavent demornlmtlon h" ‘pant 'A"'.u comm“, Fnloonbﬂdge "nnmzs 10.50 “'15 '35 8‘% Bbldlﬁﬂﬂ! Icuoooab .19 .10 .11 _, its strength. the eﬂect of the blah ~~- - hrohurn ~.la " .11 In zas no .

m" °l mm"? m“? b9 °i “mdmnni ' - h! . Noon owe . 1.18 . . Norand .......... . . . ' . and fairly far reaching importance. Abana IIIOIIOV? {g0 ‘L85 udsgn Bay . ' 1'23 Pioneera...........53:?l 53.23 M: PLEASANT' n"§bm“7§ Altoxethor the situation a one in Acondn-uhumr. .la. mt .13'.t Inu. Nickel . . 49.50 Sheritt ooraoh ano ab». ans mm!“ °r u" M?‘ P'°"‘“‘-m’““% which extra caution needs to be ulod. Amity Coppol- Qty, .34 33 34- Keeleyﬂ. . . . . . . .40 .40 .38 Siscoe .85 .85 - .80 m,‘ w" m“ m u“ mmbhwmsﬁ uneainlly in view of tho ream! on- Amullt ........,..< 1.00» 1.00 tor Keownay Florence .21 .11 .n st. Anthony .39 .40 .30 y? "m '""“'M°° “w” mmmh‘ lawn that revision onhoprice rlrlw- Arno. . .44 .42 .4: Lake shor, .......2o.2sV 26.00 20.00 Sudbury 38.1%.... 9310 9.70 0.90 m; “h!” ‘m’ “m” “mil- turn as it now stands gqulm tur- sorry boomer}... bl a1 ’ .31 Malartio .. .50 .55 .53‘; Bylvanlte 121': 1.65 1:15 mini,‘ “m” ‘mm,’ ‘M w.‘ “"93”. tlur Ildiunlmeat. la many Hues are Bedford .00 .05 slruindy 1.50 1.4:; 1.45 Tdck Hughes ads aao 9.10 m M mimm‘ ma’ ‘ w". ~ cull well above levels that ooh be re- Bidgood -.44 4a ".41 Mining corp. . 4.10 41o 4.as r ngmac 2.60 2.60 2.2a cm "Mn" u m” “n” M ""55; gal-dad as reasonably cheep from a . Buoklnghlm . .. --.0'7 .00 .0’! Murphy .. .28 .28 .28 Theadwell Yukon‘ 43.00 12.75 12.75 pm“. or "m" "mom, mjhnli? blruin Itlndrcint. especially who copmoum meal/r out om Mcnoodun so .58 so Vlpond ..... 1. 1m 1.06 "nurfel h" home’ mm 9mm '

mo. B18111 ca so so wuulml m m - .01: i

orig consider: thoﬁoll o! money-r Oclltnl u». ..... so so s; it

Allnnrll’: IJIIIBQII pun”; 1|‘,