A “km; “Wt

YES TERDA

MARKET

(By Johnston and Ward's Special Wire)

MORNING MAB Kl’! LETTER

NEW, YORK, N. Y” April 2—'.1‘he Rails» responded to the news on the rate increases _by openin higher and

irecordipg e furt er advances in the morning. The possibility of a leclsiou on the ‘Railroad Pension

Laiv being handed down also added interest to the group. Fractional ad- vances also were made by the Indus- trlnls, but volume was low. The rate increases for the railroads scar- tsly can ba considered as strikingly good news, but it could at lenst be in excuse for a strong rally if the markets really were in a osltiou to nuke such a move. lts faiuru to do no coupled with its negative action luring the past wrecks casts consid- erable doubt on the possibiitiea of 1 renewal of the uptrend. f the ivianket does not rally today, it ms oreehadow a tcst of the lilarc

ws. Laidlaw and Company. SUMMARY

NEW YORK, N, Y.. April I-Gola Burs l-i-is 1d against 1 .'is Bl/Qd.

Melville Shoe Corp ociarcd regu- lar quarterly dividend of 00 cents on ZDDIIIIDIL

Domestic Crude Oil output during week ended lifarch 30. averaged 2,580.- 350 bar-rcis daily, decrease of 18,1115 from previous week, according to ‘Oil and Gas" journal.

llriggs Mfg. Co and its domestic and foreign suhs year 1034 not pro- fit equal to 2.50 a common share ag- ainst 80 ccnts in 10213.

Secretary of Agriculture Wallace and under secretary of the Treasury Coolidge, informed, Fe crai Alcohol Control Administration that they

have-signed an agreement permitting unlimited importation of alcoholic beverages "until further notice."

Reserve Boards condition statement sf weekly reporting member banks as a 1 h 21th shows decreases for $0.1_000.0li0 loans and in- vestments, $5,li0tl,000 in net. demand deposits and $22.000.0fi0 in reserve bai- ances with reserve banks, time de- posits up $12,000,000.

Illah Dow I Last

U)

80 Ind 101 b0 100.61 101.3 .42 20 Rni .. 20 12 18 l<l2 28.10 .78 20 Util 10.73 10.48 10.00 uuch t0 Bonds .. 03 I13 10

Dow Jones. BANOI SAYS

MONTREAL. Gum, April 1-‘ Bidi- arate buying in response to the week end news of a freight rate incrcasc caoried rails up to the highs recent- ly established. The carriers. ho\\'r~ver_ should close above the peak of 29.10 in order to confirm the hnlllsh trend already shown by the lndustrlals. jtllitics did not join in the mild Itrcngth displayed by the list in gen- cral yesterday. This average. however. rontluilcs tn incct with higher buy- ing. support during periods of re- cession and ‘in goncrnl has not re- tracted ita indication favoring ex- tension ot‘ the rise.’ On "minor dips continue to buy Am. tlas and 111cc- tlvlc, Cons. Gas, Am. For. Pr" Pfd., Un Corp, Pfd, North American and Aui Waterworks.

Gold sharps recorded vcry little activity y-cetorday’. Au encouraging iouture ivus tin: development of strength 1n souu- of tho sccontiary ilIilPH like Pickle (‘i-ow and .\lc- lVntters. ln most instances however, better support during periods of re- action will havc to occur before it will ha safe to say that the second- lry issucs are iu a sumo their upward lately. Stocks acting hotter average iui-liulo (‘t-nt. Patricia (fan. llalariic and 'l'eck llughos. I suggest these issucs bc picked up on a scale down.

Banoa. BAKING HAYFI Monday Evening

NEW YORK. N. \'.. April 1-~ltlay Wheat olosml 1/; cent lower uurl Corn}

ssord Other rs

s on application

lATllieiv Der word. three fnaar tlons for the price of two, atrfctlp Durable tn advance. _

For Sale

SALE OR RENZG! BAY- 11-5587-4-1-31.

son field Street.

FOR SALE — AUCTION PORTI- Ftve, Bridge and Whiat Scorn Cards. Guardian Central Joli Printer-y. Nov. l-tf

FOB. SALE - llsAvv nltuWN Paper suitable for placing under rugs, etc. Guardian Oflicgm u

BEBUILT UNDERWOOD TYPE- writcr for sale at a bargain. Apply Guardian; ‘l-Zfl

QUANTITY GOOD HAY 100R sole. Price reasonable. Albert Gallant, Rustico. L-iiailo-d-Ii-Si.

roll. sau: - iuonnis PLAYER. Plano with 200 rolls of music will be sold at a borsain- Arplv 181 Kent Street. i L-MilZ-i-il-fl-

70R. SALE-TWO ENGINES-ONE Chrysler "75", one Auburn “8’. Also "31" Chrysler. body can be

seen at F. 1!. MoLainds. L-5022-4-3-3i.

ITBONG HEAVY DUTY RUBBER traces 02.00 per pair. Also ruilber belting. Clinton Morrison, Ameri- can Belt Dealer. Irederlcwn Sta-- P. n. I. L-oooa-a-ao-oi.

ION. BALI-AT FIIIOERICTON. desirable" residential M0110"! consisting of one and three quar- ters sores of lend tosrlher "m! house and outbuildings. Aaolv A. .1. Harlem. Brim Bulldins- Charlottetown uoava-a-so-e-a-e

Advertising Rates-Payable in Advance

"Infill lie-Mlle locals. 4s per svorlli Wm..- and Eullern locals lo DIP Ivoril- Announcements and Coming Ilvents to per wardi Olga-duel lo per word: In Ilemorlam Notloes, 10o prr inch; Liars or Floral and Spiritual Offerings, Cards, etc , 4e pa; pump; Iggy" 0g gondnhnn 1°‘, per lliohs Notices of Thanks 5nd lp§rasi|QfQI_ 70¢ 5" [uh n, ‘m

35'1""!!! chills for b!!! advertisement twenty-five eanae.

cosszr

a fraction higher. Hold. Cotton clos- ed slightly lower and will probably move in a narrow range for awhile before starting up again. ltocka open- ed a little higher in rgaponse to the favorable rate decision and the rails rose from 1 pola , retaining most of the gains. The rails had sak- ed for an increase 110 an na, knowing w-ell they would not t that much, but hoping to let hat of it and that la. exauti what they got. I the Supreme Cou declares the Peu- sion Law, uuconstl ‘ this month. it will cause a further and more decided rally. That might come next Monday.

American bank note made a'ncvv high, above i1, fhere everyone who ever bought it on our rcommenas- tlon can get out. with a small profit and those what ‘got it below 10 with a fair profit. I think it will go B or 4 oints higher- still. - lilorria closed 1 point higher, 38 ex-dividend. 1 do not think you will ace it again below 110%.

still in a waiting l our favorites, includ- fd hol

for them true, it took longer to get started than 1 expected, but sfter the War-k Relief Bill is passed you will see much greater activity and a good advance. I can only lay again to have patience and not to get dis- couraged.

Baring.

BANODPS “NOON LETTER."

MONTREAL. Que. April market holds encourngiugly. erflanaion in activity will develop before the current area of sup y is negotiated successfully. Suggest that purchases be made on reactions only.

According to sulvvey just published ivy “Electrical World". a market ex- ists for electrical goods and electrical "llllllimcat amounting to $3,103,000,- lifl". The surrey observes that “the effect of those sales would cause thc utilities to spend $.‘l,00il.000,000 to serve the new business. These sales would create a business volume of nearly $0,500,000,000 for electrical manufacturers and distributors and would effect other national indus- tries such as Steel, building, construc- tion, mschine tools, ctc., to give them a business volume of $.'l,ll00,000.000 and put at least 1,000,000,000 of the piicserit unemployed back on pay- ro a

Revival in new security flotation: in the United States continues to ex- ert a favorable influence on the market action of American bank note. Yesterday the issue scorcd a new high for tho your. At this point. how» oven, I would be inclined to wait for ll reaction before doing further bus-

eye

United Fruit is one of the few ia- sues still ncar the year's high. The sharp expansion in the Company's earnings from $3 1S in Tillill to $4.15 in 1034 may bc the cxplauatlon.

Dom. Engineering Works, Ltd" re- port for- 103-1 shows not ‘earnings at. $30,012, against $104,121 for 1033.

Tcck Hughes treated 180,115 ions of ore in first six months of current. fiscal period. Gross value 'of huillon-

2—-Thc Home have to

recovered less bullion ma, of‘$250.88B' was $2,258,201. Income was ehual to

24V, cents a share. Estimated ore. re- aepve are given at 003,624 tons of 8.25 divt grade. - l National Biscuits market surinesu ls attributed to the fart th i: Com- pany's earnings, long in s down trend, have not been urthr-r affected during the first quarter of the pre- sent your bv strong competition and by strikes at its eastern plants. Baaon.

Markets A t A Glance

(Canadian Press)

Toronto nud Montreal-Industrial stocks lower. .

Toronto Mines-Leaver.

New York-Stocks closed weak.

\Yinnipeg—Whcat higher.

hcw \ork-Cotton and rubber lovr- cr: cnffce and sugar higher.

Boarders ilalited __

Yiicliiiliili Luca iliAiiiiEi illllii_ii_llliili

Corrected For Every Wednesday and Saturday Issue

IIODUUI

Hay pressed cwt guy. loose, gift . a . . . . ..

IITAII. IAIIKET Potatoes pk .. (‘elery hunch . Roast beef . Chicken each . Stew Meats ... Pork chops e lb . . . . .. . Roast Pork Beef per quarter . F0 . 4 lb . . n as . . . "arsuiDI 3 lb, ... Apples do: . . liects dos Cabbage liutter .. "ream Eggs dos ‘rurnlps 3 f...- Crunherrior lll Rhubarb ll» .

.\-

Mt’l. Stock Exchange

(Quotations furnishsd by Johann and Ward members of the lfontrel Stack Exchange, Montreal (‘urh Iaa ket, 1M Richmond ltrrsl. Charlotte tasvn.)

Lust

Stocks Opened

Bnthurst A Bel Tel .

Cein (‘mil I Hydro ill.»-

"o... . ' ind .\l .\ . . .

tfau (‘an Can Psc . .

Cons Suit-ii

Dom Coal l‘fd . Dom Steel Pun] it Dom Tex Pom

(icn Steel \V:ii'\-s

Gurds Holl Gold .\l nus latl NlCkPl .

lntl Pow l‘fd Lake of Woods . .\lssecy llnrris . iiicColl Front .\lont Pow

Nag Stool t‘:il' . Power (‘urp Quebec Pow 8t Law l‘fd Shawinignu Sher Wil . . . . South Can l‘o\v . .. Steel Co (‘an (‘hm

BANKS

Commerce . . . Montreal ‘News Scotia

oyn] . - Bank of Canada 1E1

PRODUCE’

(Oallndlnn Press) MONTREAL, April %Butter_ eggs and potato ricea were weaker on the

‘ dar and produce market

WANTED -- BOARDERS ACCOM- ‘ 28’! Grafton Street. 11-5596-4-2-31.

Male Help Wanted

WANTED - EXPERIENCED

fisherman. Apply Guy Dalton,

Moi-ell Hotel, Charlottetown. L-559s-4-2-3i.

APPRENTICE WANTED T0 learn Barber Trade. Short Course expert training. Molar Barber col- lese. Halifax. iv-aso.

WANTED - A FEW RELIABLE men to represent the Sun Life. Some good openings are available in each county. Apply by letter or in person in J. A. Moore, branch 1118110861‘. 1.41100.

Female Help Wanted

WANTED - OAPABLI EXPIR- ienccd niaid. Clive experience and reference in writing to P. O. Box 305. L-0610-4-2-8l

Teachers Wanted

WANTED-PRIMARY TIAOIIII for East Royalty School. Supple- ment $100 per snnum. Alex Mc- Nevin, Secretary. 11-0011-4-2-21

Tobet

T0 LE1‘ - APARTMENTS, 0N! small, one larger. ‘Ihl. 280-1. b5601-4-2-0l;

0000MB FOB LIGHT IlOUlI- keeping. Also aocomodation for 4 girls. Mrs. Ctauclet. 100 Prince.

- Lost 1.-li018-4-fl-Il w . lner - rnoosou svsniso w . atone Sweater. Please leave at _________lPlei_-==—_= "l" ~ ' ' “”""'a" warn-so - Illlqlilléllil) kltotllnlli. .. . » suitable for lg ouse ecp g. w. k . _i._ _ .wggk wgntgd Apply Guardian. l..-5011-4-2-31. Canto-tans wears nouss- Wmd-‘Ta 1T our 0i iifl M CIT!

for very email wages. Apply street. L-hMh-4-2-3i.

b inesa. Write . 3335i...” n-ssoft-a-al.

1

today while c ecae held uucban ed. The butter market was generally 8% to 28% cnta a pound f no 1 graded in carlots or less with fresh butter a cent a pound less. Small lots to retailers brought 24% cents a pound for solids and ‘b cents for p ‘ ‘ were 100 boxes.

ship-

rints Uu the eg market graded at 18 to 18% cents a dosen for A- large, 111% ccnts for A ruodiiun or B and i5 ccnts for A pulets or C. Arriv- sis amounted to 1,1106 cases.

Cheese prices continued at 11?? to 11% cents a pound for late-fa or current receipts of no 1 Ontario: and a cent more for summers. There were no offerings.

Quebec no 2 white potatoes brought 40 to lid cents per R0 pound bag and Quebec mountains till to 00 cents New Brunswick cobblcra were tn 00 cents, New Brunswick mountains 00 to 06 cents and Prince lldwsrd la- land mountains 00 to 70 cents.

Miscellaneous

(Canadian Press) MONTREAL, April Wheat nor no 2 88. Barley C W no 8 04.; Os C W no 2 58. 0a C W no 3 40. Oats feed no 1 41. _ Flour spring wheat patents,

lflour aeconda Iii 00. Flour bakers 84.00. . Flour winter wheat patents, choice

$4. to 84 . Flour white corn iii 50 to 40.00. Bran ton $20 25 to 811. Shorts toll 821 2o Middl

lugs ton

Rolled oats bag 00 lbs $3.00.

Hay no 8 per ton carrot ‘i450. Cheese No 1 Ont fall 11 o 1.1!‘. Cheese summer 123x to 0 . Bnttermnol re ra ed H54 to 2814.

firats

a 70 v

ilnu a-mu of lll

_\' "gloss. (Dec. I1.

gala-Jeannie 100.- i average equals To i; isi a ‘in. day 1st 1

so saw rosir If!" IQ Eflmlflbdit

l’!

Week a o 1.1 ‘i ear ago 1 i085 . ill) '\ i605 low 148 130 2 iilrii low 120 0. 148 9 1083 low 78 ‘I.

by Moody's).

o 4. III! h I (warrior: till

lTlCfllI ll’! CUT 0t! OP lCIB WGPB quoted‘

11m cnaanorrsrown MGUARDIAN

STOCK ande 301w) Q

N. Y. iSitoclz. Exchange

Loews lucnrp . llooso Wilt-s ill Rlr-Kocsimrt 'i‘in

Mark 'l‘ru<-k

Math .\ik.'ili

Miss Kan

“out \\'ard

Nash .\lo| ..

Natl Bis.

Natl liuiry l'rod

Natl l‘oi\" Light

New Hilvvu .. .

New York Con ..

North Aiucr . .

North Pac

Pack .\lot

Penn ltuii

Pub Sci‘ .\' .1

Phil Pct

Pullman 1W-

Radio (‘oi-p -

lladio itolth Urph 1

Rep lrou Sit-oi 10

Safeway Slot-vs 71S

Sears Roebuck 33%

Sim Co . 6%

Socony Vac . . . . .. 121,1,

South i‘ac . I395

South Rail . 31g

Stand Rraiula 14%

Stand tins luloc 31A

Stlnd Oil (‘ii l0

Stand Oil .\ .T {i7

Stewart Warner 1

Studchukcr 2%

Therinuid 3

Texas 1'0 18 20W 46% 85 2

U 11

U s 31

U 10%

U s Smelt ps1’.

1i 8 Stet-l 515%

Van Stool . . 13%

Warner Rror Co J5’;

Warren Iirns . 3%

West Union . 23%

Westlng I-llrc 581,9‘

Yellow 'l‘ruck .. Li's 2

Tim Roll llcar 30% . 80%

EXCHANGE

(Cnllutllnla Press) MONTREAL, .\pri| 2—Brit.iah and fupei n exchange in relation to the Cans inn doiisr as compiled by the Royal Bank of Canada. rgentina peso .2500. Australia pound asses. Belgium belga .1111. Chins Hong Kong dollars .4020. Finland flnmark .0215. Francs franc .0065. German relchamark .4010. Great ritaln pound 4.8301. Holland fiorin .0102. . Hungary pengo .8004. lndia r-upee . 078. Italy lire .0888. Japan yen .2848. New Zcaland pound 30042. Norway krone .2434. 13o Africa pound 4 8110. pain peiieta .1110. ne .2401. vv ‘ franc .8502. Inlted States dollar 0-10 par cent premium. - Closing exchan a rates:- At Montresi- onnd 4.8a 0-10: U. B. dollar 1 00 0-10: franc 0 05. At New York-Pound 4.80 : iar 90%; franc 0. . fr: Canad-

.02 lan dollar 16.00 fr: U. S. dollar 15.16

l1 francs.

1n gold-Pound 11s. 0d: Canadian dolltso so ll cents; U. 8. dollar 50 B8 cen s.

NIW YORK, April l-Foreign ex- chsu irregular. Great Britain hlih 4.88 ~ w 4 - close 450%: 0 0% hills 4.1094: nu 0.111%; ltaly 8 : Bel una 10 l8; Germany 40.18; Canada so .

Can-

Currencies

(Oalallaa Press)

MONTREAL, April 2—Irregulsrlty was noted on Montreal foreign ex. changes today as the Unite states dollar sud the Trench franc both showed small gains while the pound sicrllng declined fractionaliy.

The pound was off fi of a cent at $4 sa 0-10 and the dollar rose 1-32 of

one percent at 0-10 of one ‘gamut pre- miuru. The frsae gained of a rent at 0 Gil cents.

NIlW 1011K. April 2-Narrow

changes only were recorded lo the reign exehan e markets today. d s rling opened rac11ou- weakened around 4 80 fo

net loja of 5t of

dollar extract-d it dist-omit 1r to i4 p rcent. The French franc, closiakst l Q51 cents, showed a gain of . of a cent.

(Qootaltoos- tarnished by Johnston and W mocha! at the Mont real I I Ionlroa Curb M8361. l" l B08001 Charlottetown). t

lteoks Donna lat Air Rod . ... ... 112 112 Allied Chem ... 182% 182 Allis C 13% 13s Atl Ref y‘ 22 Amen Can 115 Am 5 Am l1 Am L 10 Aim 2 1m: 11 Am a2 Am as Am 102% All 105$ "ascends Cop 10 ntchiaon 3s” ‘auburn Auto 10 lsl Loco . 1 Bait Ohio . 3 Barn A 0 lien Aviation l3 Beth Steel . 24 Briggs .. .. ‘l0 Byers A 11.. 12 Burr Add liar-h . 14 Con Oil . 17 Can Pac . n Cale Thresh 48 (Eel c 205g (‘om Sou 1 Cong Nairn ~39 (‘hes Olilu 33% (‘hic North 3 (‘hryaler- .\lo| 33a‘ Folumb (‘iii-h 73 (‘oi Fur-l lruu 1 1‘olu|u this 161cc h Pom Sol l9 (.‘ou Gas 20 finrii Prod (i4 Del llud 25 E 1 liuiont 80% East Nodal. 121 Eloc .\uto i.ito to 20 llilcc Pull‘ Light 2 Erie . . . .

First Natl Store 40% ~10 Freeporl ‘I'm-x 2R 22 Gen Asphalt 18 18 . G011 Pllcl- . 2i ‘Z2 Gen Funds 33% I13 Gen .\ln| . 2855 28 Gold llusi . ltl i0 Goodrich liub . . . 171,5 l7 Graham Paige .. 1% 1 Great West Sugar .. 28h 28% Hud .\iot '1 07/ lntl llai- 305 lntl Nickel .. ' lntl Tel 1A Johns .\lnu

Kclviliaiur

Kcn (‘on

Lig .\1yr.~i B

Liquid Cari.

m-

ihe _sun

GRAIN

(Johnston and Ward)

bushels. b on The estimates compared

April l. conditions. Iaat fire-

. .

buaheia_ , the Yell e.

year Cs an coarse grains trading ag-

ain w ow.

CIHCAGO. April 2-Wlih predictions as to the sire of the dom- sstio winter wheat crop averaging higher than many traders had rx- gected. wheat futures prices declined

actlonaily today.

Corn developed independent strength and held about atcndy with farm reserves oi’ corn estimates at only a little more than half of the reserve a year o.

Wheat closed-fly. omit lowrr vom- parcri with yoatrrd v flnis May

and com was I,‘ off to t5 up. May . 15-8: Uats finished M. lowor to I4 r and rye was-k oft. Provisions were lower.

Mlvlard‘: tho great luau"- ldalsnrns

, ‘ ASWP cioes

With year's harvest of 405,000,000 bushels , and 01

private

costs less per iob because of

to the gallon! - g ~

ffTHERILIS Nb _.s_

SW!

For buildings. outairlq and in- V side. Leads all others in quality.- Saves your property and spares your pocket.- Covera more sur- .' face; saves labour in applying; . lasts for the longest time. 32 roe“!

shades.

(Canadian Press) igfJei-ilfifl. All!" 2- ruaomo, April 2~ nip. Low Lust sum“ A 0.3% 94% cmo Oil 91% 90% 01% N03; 811.1 our, mo. filth... 75% Til/l 74% llnrrv 11 70h. only. (i074; ,.,,,.,_;_,. u _, 45 iii] _. 117 WINNIPEG, April 2- Wheat:- lllgh May ... can, July . M 801i! ... ..... _ oo-r- 52:.‘l.::".::." .. 4° D hiincs . . 39% Flldoruda . . l!‘ Bridge .. .. (lode Lake . . . . . Golda . . , WXNNIPEQ April 2—1l‘iiet unof- Graham ficial forecasts on the new United Granada States winter-wheat crop, awaited hy (lrandom the grain trade for weeks, appeared Groouz- today but failed to crcate expected flnunar bullish fervor. . llaicrow Wheat futures on the Wiunl cg llarlt-cr . Grain Exchange idled through a ull Holliugc session with tiudcrs apparently un- lluu-tgr . . willing to take a position on either J .\l (‘ops .. aids of the market. Prices oiosrd ‘it Kirk ('01P! , . cent higher, May at 80% and July at Kirk Luke ~iil 0611M. lqShuvv . . . . .. Still’: Private reports estimated the 103d llfllllilqlln" . . .. 41/; American cro would total 490,000.00 ‘Loo 0.4.1 4%