JANUARXZQ. 19g

THE CHARLOTTETOWN (GUARDIAN

Page rlvi:

I Wooos-EEADE Co, STOCK BROKERS

Complete Board Room F 1'1" - . 1° T°’°"*° SW1‘ Excllgnlzleelrzillidhgilkslriflfllvlce Quotations-New York Stock Exchange wllllllileg Grain Exchange

SUMMERBIDE C ' Phone rec "tfigflfflljffw"

Summer Street 134 G , Market Broadcast CFCY 12.30 andeswfiéggznsilya‘

NOTICE

PAVED HIGHWAYS CLOSED TO MOTOR VEHICLES

Commencing on this date, until further notice all pav- Pd highways in this Province are closed for moto’r vehicle traffic, except in such cases where the total weight of

vehicle and load does not exceed 4,000 pounds, and except '

in the case 0f regular passenger bus services and in Ollie; cases where special permission is obtained from the Min- ister 0f Public Works and Highways.

Anyone driving on Provincial highways contrary to this order shall be duly prosecuted.

Dated the 31st day of December, A.D., 1936. By order, _ P. S. FIELDING, Clerk of the Executiye Council.

roietlizt

FARM OF 100 ACRES AT MIDGELL ON ST. PETERS ROAD. THIS FARM TWO MILES FROM ST. PETERS BAY IS ALL CLEARED LAND 1N. A HIGH‘ STATE OF CULTIVATION. TWO DWELLING HOUSES AND OUT BUILDINGS IN GOOD REPAIR. NEAR CHURCH AND _SCHOOL. THIS FARM IS OF-

vO-O-O-

roe-o 0+0: "

FERED AT A SACRIFICE PRICE. Apply to IIIacKINNON & McNEILL

or Solicitors

_Vict0r K. _ 90 Gt. George St. Sanderson,’ Charlottetown Grand View, P.E.I. U§@QQ4+O-O-&O-O—O—OLOO—O4Q#G#%#“““:‘ “‘ “tfw- 77+‘

‘GiD-U-U§fl> DU-Q* '

Advertising Rates-Payable in Advance

Central Gunrlllan locals, 4c per word; Wentorn and Enltorn locals, lo uor word; Alllluulicemelltu null Cunning Events In per word; Classified 2o per word; In lill-uiorlism Notices. 70o per inch; Lists of Floral and Spiritual Ulla-rings, Carlin, etc., 44- per name; Letters or Condolence 70o per lnch; Notices or Thanks and Appreciation, 70o per inch or lo par worll. Othor rutl-s on application.

Minimum Charge lor any advertisement twenty-live cents,

For Sale Male fllflelplyonted‘

I OR SALE-WICKER BABY carriage, good as new. Apply 161 Grafton St, City. Phone 1009.

L-3002-l- -3i."

APPRENTICE WANTED TO learn Barber Trade. Short Course expert, training. Molar Barber Col- lege, Halifax. 17-356.

Wanted

wnswsn" o our ISLAND BREI) horse. Give description and price.

Box H care Guardian. l..-2964-l-23-8i.

"OR SALE —- BIG DRIVER 115D lbs. Apply Guardian. L-2986-l-23-3i:

::::: r" :;_:::i-r

‘TOR SALE — GURNSEY (TOW frcshi-ned, 4 years old. D. Matine- soii, North River. L-3035-l-26 '

c. . <1 . ._

_ _..___% son SALE - 1 now. GRINDER. yy ork. yvantelj,‘ medium size. iii good condition, 7' one driving sleigh. one speed sleigh. one cart Slllky, one sct ol" hobbies. Apply Mort-ll Hotel Warehouse. L-3038-1-26-3i.

EXPERIENCED GIRL IVITII REF- erences desires iirork, domestic or store clerk. Apply 317 Fitzroy St.

L-3036-1-26-3l.

WANTED BY YOUNG WOMAN position in store or as house- keeper. Write C. care Guardian.

6-1-26-31.

cilrciessicnal Card

Miscellaneous

{EGAN "& rector.“

I Chartered Accountants

You WORKED T0 ACCUMULATE your dollars. Now make your dol- lni-s work for yon. Double or treble your income by purclinslnz an

‘ 149 Rlchmtlnd 51"" An uiiy in The Sun Life. Con-

Phone 47. P. 0. Box 12- s," J A _Mmre_ cume Bldg" l Charlottetown. I-tt. Méiiflddix." iYeiATFCey 9____,~.___F<.>.92:l _

FOUND AT NORTH WILTSIIIRE small s-iim money. Owner can luive same by applying to John Bcrrigan and paying for ad.

L-3027-l-26-1i.

W- E. BENTLEY. K. C. J, A. BENTLEY, It. C. l Barristers and Attomeys-at-Lau MONEY TO . LOAN

Palmer & Haslam H. J. PALMER, K. C.

A. J. IIASLAM. B. A., LL. B. BARRISTERS, ETC.

Bank oi Nova Scotia Chambers Charlottetown, l’. E. l. MONEY TO LOAN

Phone 85. P. 0. Box 127.

, . . MacGuig-an & Trainor MAB-K B. MMGUIGAN, K. O. U. 8T. CLAIR. TRAINOR. B. A. Barrister!» Solicitors. Eb. MONEY TO LOAN Office: Over Provincial Bank, I-iolunond Street, Charlottetown.

Bell & Mathieson like n. 1.. Mnthleloll, LLB. In sters b Solicitors noun: r0 LOAN 2mm: Block. chsriduetonmnat

H. F. McPHEE, B. A.. K. C.

AWAY,

CORNS!

(By The Canadian Press)

SAINT JOHN, N. B. - A "foot clinic" where the deserving poor may go for relief from minor foot ills, either without charge or for the mere cost o1 materials used, has been established here.

Ulla Minnrll‘: for Collls.

D IMDIIFS INDIVIDUAL

DIIY DLEMIEIIS Try Our

Dollar Services 0n SUITS

NOTARY lie. IAIIRISTEB. 1 IOLICITOII Illllllul. Charlottetown

. .\lil

STOCK Q

L’ TA fYQjVS 'l‘_hc Bank of Nova Scotia.

Morning

105T" ANNUAL STATEMENT AS AT DECEMBER 315T, 1936.

Stock Letter

An increase of over $7,000,000 in

(Received over Pitileld and Co's ‘ Private Wire) dgrcw YORK, Jan. 25-'I‘iie Lon- n market has a firm undertone

. "115 momma and international is- ‘ sues are steady, secretary per.

K1115 has invited union officials and

‘ General Motors Corporation of-

ficials to a conference on Wednes- dfllt. The maritime strike on the gist coast has been called off. fwd conditions In some mgiom 21 3"’ wlllllfy continue disastrous. l Ollsh the situation is most re. Hwlful. the m: that the stock market has held in the face or Flllvllefln uncertainties and labor roubles would suggest that it will 3991* Senouslv affected by 11006.5. ‘Vldellll mlletlnss scheduled for m- dill’ are Consolidated Edison, Am- "mll" Rollins Mills and Manhat- tan Shirt. We would look for an irregular firm market today with probably higher prices for the 0H5,

especially Standard Oil of New Jersclfl 99131391‘ 51/0016, cement stocks and specialties such as

Condo East and Nash Kelviuator.

_ NEW YORK, Jan. 25—-Cliamp- lllll Paper and Fibre-Operating at iuncllcally 100 per cent o! Cap- llvlly- Company in last 24 weeks or its current IbCBI year will prob. ably show earnings as great as the 9b cents a. share earned in the first 28 weeks o1‘ the year to bring the common share earnings for the entire 52 ireeks period up T195175’ l0 $2 B- common share. This would compare with $1.25 a share earned in previous fiscal year,

TORQNTO. Jan. 25——E8.Sl. Mai- “rlm-smllll high grade sections were encountered with coarse vis-

deposlts and an all-time year-end high figures lor total assets featur: the Annual Statement of The Bank of Nova Smtia, which is publi-heo ln-day. -

Deposits at 3238511560. an in- crease of 3% over last year, are also

ible gold show . Beg

mineralization mgas ergourlatleflrletll‘ throughout with an average nstgy rwllt of $7.35 drwr excluding free‘ gold. Driits i-2 east and 1-50 e35: in No. 2 shaft were extended 00 feet and 75 feet respectively m o" better than $7.50 grade

MONTREAL, Jan. 25-4;

Lime and Alabastine-Eamegpsrll: profit of‘ nine cents share fiscal year ended November 30 COmpar- ed with l1 cents deficit 1n 3935, llilmllfacturlniz Profit increased i9 per cent during the past yeah Ne; working capital gained substantial. Iy from $660,117 to $902,809, sale of 1'7 British sllbsldlllrv resulted 1n ‘ a profit of n107,165 equivalent to

24 cents per share of common , stock. l

_ Charles Gurd and Co-Accord- l ing to the president sales volume and profits showed substantial gains over 1935 and the best; since 1932. In that year the company eamed 13 cents on common com- pared with $1.97 in 1931. The iis- cal year ending changed to March 31 s0 that a 16 month period win be di'=closed about May.

Bank of Nova Scotia-Earned ' $16.06 for I936 compared with $15. 33 Preceding year. Liquidity ratio‘ 71 per cent at; end 1936 compared with 68.7 per cent a. year ago. Call ‘n the history of this century-old , 1w“ doubled dllrinir the past Bank. Non-interest bearing de- yellr- i posits show an increase of $11,210,- Newsprint Exportr-Durlng De- 000. interest-bearing are down $4‘- cember gained 4.9 per cent over 402.000; doubtless the result of dis- same month of 1935. C: P. R. and continuance of the payment of in- C. N. R. earnings first two weeks terest on Current Accounts during 1937 E81l1€d 11 per cent over same the year. Deposits by and balance: 19681041951‘- yeflf- due to the Dominion Government

MR. J. A. MCLEOD , President Bank of Nova Scotia

sci-fit the highest yearieriid 11...;

N. Y. Stock Exchange

(Supplied by Plttleld b Co, members of Montreal Stock Exchange and Curb Market)

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7 75f; 1'21 121% 174 174% -II Z3 “In J3 ‘.1310 34% 31% 02'}, I12 1.“. Fluid! 42-’. 43 lit-ll Aim. 07%. 60% (Ililillrluli 321/. ll? Goody-cur ’l‘ 32% 32!; (it No I'M 27a 42% lliill .\Iot Uri!‘ 2i 2075i ill (‘on 24 23M int. IIiir 109% mill/s int. fill 'l‘cl l1! 13 Julius Milli Kniinlll-illt 50 5W. .\Ilss Pill lty 1H5 ill/s “liill \\ arii 501i 541's Mil!‘ (‘opp l": l-“H N Y (‘on 437s ,41Vs Null Ilia .\l|: (‘unit Roi? 84% 3O New Yuri. \' ‘W. lilo’: Nor i\lll Co .‘ll“, illfii y.» I‘uc ‘.‘ll’. 9% l’iilk .\Iot ll I1 l'iirninoiiiil ‘L7H '_'i‘"'. I'l-|in R 41% 41K |'liIl .\Ior

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(ndnnimi n; Pitlleid and Camilla! Mrmbl-rs of Montreal Stork Exchsnlo lllll illontreul Curb Market)

Stocks Open Close Alillllil 9% Q .\.~.|..-.li~l 101 1021i ll A Oil 25% 21h, Iloliiiliurnl-lrl N‘ ‘l ilrcw (‘orp . '6,

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Homo (ill 305 390 Imp Oil '.'l- ‘Jill, Int I'M:- mr.‘ 3,111" Muir-hora A ll H Price rm my, Price- Pfrl liltllb 1311 Royslllo no 40v, Iloiliinll IQ 2g

I day while butter and eggs held;

deposits with the Bank of Canada’ notes of other banks and foreign currencies total S30.206.777, which ls 11.6% of total liabilities to the public compared with 12.87;. last year. Readily available assets are $184,580‘ 6'76, which works out at 71% of liabilities to the public compared with 68.7% in 1935. ‘These percent- ages indicate the unusually strong working capital position oi’ the Bank, s. feature cit its Statement

are up $380,476 from last year. Mt ’l Stock

Current coin, legals, notes of and Exchange

(Supplied by Pitfleid t! 00., members of Montreal Stock Exchange and Curb Market)

min-kg Open Clone

Bull To] Itil. Ill! I01’ many years. ‘ v grlllllliélllk "" Investments in Dominion and B"gk,.',,{, A hovlncial securities, municipal, nnini Prml railway and other bonds and Qllll (Irlll . ‘securitles’ all shown at not exceed- ‘.'“' “."' l’ lng market value, ilft‘ $117,821,089.

an increase of $4576.06.

ed with $8,361,650 last year’ are up $8,487,860’ doubtless a reflection of the activity in the stock and bond manket. Current loans in Canada’ show a reduction of $379,351 at $71,608,491, presumably accounted for by the liquidation of loans against wheat in common with

amount to S1.926.686-u1> $92-51? from 193s. Dividends u; the amount o; $1,440,900 were paid to share- holders. Oflicers‘ Pension Rind 11165‘ credited with $145,000. Wlllle $209-'_ 000 was written off Bank Premises. Undividcd Profits were increased on 1 the year's operation from $711.- 629 t0 $303316. _

It is of interest lo note that this is the 105th Annual Statement the Bank. The Annual Meetng wl be held in Halifax on the 27th instant.

MINING

Produce Prices

MONTREAL, Jan. 25 - (CP) _. Potatoes advanced slightly on Montreal open produce markets to-

about even. '

Graded egg shipments in carlots or lerswere quoted at 24 cents cl dozen I01‘ grade A-large, 22 101' A-i medium and 2o for A-pullets.

Butter was quoted at 25 1-4 to 3-4 cents per pound for carlots or less of No. I while lots to retailers were 27 for solids and 27 l-2 for prints.

Cheese was quoted at 13 to 131-4 cents per pound for Ontnrios while Qiiebecs were unquoted.

Potatoes: P. E. I. Mts. 90's $1.93; N.B. Ml-s. 80's $1.48; Que. Mts. 80‘s $1.38.

MONTREAL, Jan. 25-(CP)--Egg l and butter prices remained steady on Canadian commodity exchange produce section today.

Butter spot—Que. rcgraded 251-4 to 5-8, Que. buyers-inspection Z5 3-411. Que. fresh buyers-inspection 24 3-48..

Cheese spot-—unquoted.

Eggs spot-Ont. A-large 24 l-2n, A-medium 22 1-2a, A-pullets 201-2.

MONTREAL. Jan. 24 — (CPI — Wheat, Nor. No. 2 $1.31: barley, C W. No. 3 .91 1-2; oats, feed, No. 1 .60 1-2, N0. 2 .59 1-2; oats, C.W. N0. 3 .61 i-2.

Flour. spring wheat patents, firsts $7.30, seconds 88.90. bakers $6.80. winter wheat patents, choice, 85.70 to 85.60, white corn $8.50.

Bran, ton $34.25; shorts, ton 835.25; middlings, ton $37.25; rolled oats, bag 90 lbs. $3.85: hay, No. 2 per ton, carlots 89.

Cheese, Ontario .13 to .13 l-l.

Butter. .25 1-4 to .25 3-4.

Eggs in cartons: A-I large .32. A-1 medium .29, A-l pallets .27.A-, large .30, A-medium .27, A-pullets‘ .28, B-large .27. C, .24 to .35.

Woods-Reade Mill '

(Sullllllfid by Company)

.\li-.\nnllria Algnnill y .\ll‘.'lil lliiroiii:in

ltrilli-riio it: ll Trollicivlgv ll \'

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lliil'i':illi Anltl-rilo llnfliiln I‘1inulli.|n Ilimk-rr Hill (‘nlg llilniiinton VIIIIIHIII‘ (‘uiiiiillli “n1 1'." .1...

l'|lh I‘ 'l‘rl~lliou'c_r tfi-ntrul l‘nl lw-ntrnl I'lifl‘ll|lllll" 5H (‘l-ntrlil .\inn Flu-iii llvmlivrch Plillmiiaiiiiuiu (‘Iirl-nilnni

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thins! (‘upper tumult IYIIHJIFI lliillinuulr Oil Iliirkivlitct- IIIIIIII‘

l-I mi. “ll. how HD6311: Y

$I§%‘£fi=‘

n s-lldkéfiqfim no I I31» llls- h. . Tonal;

P‘ ‘ I I ant‘ No‘ I Mm‘ 90's: iliirviil Silicon $1.93, N.B. No. 1 Mis. 80's $1.48. int-i Ilnlnrllc Que. N0. 1 M18. 80's $1.38. "3l'l"""l" FIIIIPIIIIIITHIflP lvrnl I\'Irk BANK! lF-“oothlllu inppllrll by Pltflritl null Company rnll‘l("l‘“r ll-mlm-s oI Montreal Stork Inlvsun (|,.,,,,,-,, ‘NI Ilontronl Curb llllrltet) (tolls Lnka unlul Open Clan qnm n,“ k of Pnu (lnihnin R l}; of Pom liill Ellt (in-one Rt 4n .\l of .\lil utinls ‘Jlilllé Ilii- II‘ Grim 1|;; Ill: ilf .\. S, fl|l'l'll\\' 5 l loyal Bk 224 I36 BIN] Rock 2W

Call 108115 at $16,849,510 OOmpar- ‘

'-,' 15 15 similar reduction shown by other ~ nks whose statements have al- Foinill ‘q M10 2'! ady appeared. Cinrelnt loans and :§f]f:,,:‘,',_ull“' 15 16% discounts elsewhere than in Can- Gyppitlm 161;, 151/, ada. are up roundly 9.000.000. Loans lllllll llriiluc Wt 1111;. to Provincial Government. cities, H‘? 111"" ~ towns, municipalities and school Int Nicki-l n1" ma‘; districts show little change "Om In! Pow Pfil last yea}; ‘ {;‘,',§",,‘,‘,,‘""'* "fill 45,, The total assets of the Bank at it (‘oil F: -.- 137/! $296 959.267 are up $8.l36.379- lguylltnlmlv . an’ The improvement in business A II rt‘ ' . . ' iv", sq p1,‘,- 5-," conditions generally, which is now. Nomi-in 77 t’ happily, under way. is reflected in Pow (‘oi-p '_'R I the rot“; bf u“; Bank These, $11.1? -P°w 221.. afterpmaking provision for 90ml!" , st IAIW wt, jmt ion and Provincial taxes of $474'- l i" l-gllv Pfd 2st; ash; 333 and after making appropriaty slur»; ‘lllmpow 111.1}: lons to contingent accounts out. of l iyin Elflt A 0-14’ 111,5 which full provision for bad and. I l" Elev B W. e doubtful debts has been madam

5i

105th Annual Statement

The Bank of Nova Scotia

Capital Paid Up $12,000,000

Reserve Fund $24,000,000

PROFIT AND LOSS Balance December 31st, 1935 . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . .5 711,629.74 Net: profits for the year ending December 31st, 19516, after Dominion and Provincial taxes $474,268.46 and after mukingappropriatiuns to Contingent Accounts out of which accounts full provision for Bad and Doubtful Debts has been made. . .

minus-ans".--.-----...-.--..--........

Dividends Nos. 265, 266, 267 and 268 at twelve per cant. per annum . . . . . .>$—_1.,li4 00$

Contribution to Officers‘ Pension Fund . . . . . . . . 145,000.00

n riitten otf Bank Premises . . . . . . . . . . . . . . 250,000.00 ce camed forward December 31st, 193 . . . . . . .. 803,316.80 .

s 2,638,316.30

GENERAL STATEMENT AS AT DECEMBER 31st, 1936 LIABILITIES

Capital paid up. . . . . . . . . . . . . . . . . . . . . ...........$ 12,000,000.00 Reserve fund . . . . . . . . . . . . . . . . . . . . . . . . 24,000,000.00 Dividends declared and unpaid . . . . . . . . . . . . . . . . . . 362,017.95 Balance of profits, as per profit and loss account... . . .... . . 803,316.30

$ 37,165,334.?.5

Notes in circulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 9,415,910.50 De osits by and balances due to Dominion overnment . . . . . . . . . . . . . . . . . . . . . . . . . . . 635,848.36 De csits by and balances due to Provincial overnments. .. . .' . . . . . . . . . . . . . . . . . . . 964,737.72 Deposits by the public not bearing interest. . $8,077,948.87 De osits by the public bearing interest, in- cuding interest accrued to date of state- ment...................... . . . . . . . . . .. l7B,833,025.87 ——i——i 23851156081 _ s247.e27,471.s2 B98081“ by and balances due to other chartered banks in anada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,711,048.12 Deposits by and balances due to banks and banking corre- ' lipondents 1n the United Kingdom and foreign countries. . 2,128,374.63 Bills payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,888.70 $252,790,777.77 ' Acceptances and letters of credit outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . 615993-3861 I Liabilities to the public not included under the foregping heads. . . . . . . . . . . 303,269.15

. ASSETS Gold held in Canada . . . . . . . .. . . 2,120.64 Subsidi coin held in Canada. . . . . ... . . 365,621.98 Gold I-iel elsewhere . . . . . . . . . . . . . . . . . . . . . . . 4,564.01 Subsidiar coin held elsewhere . . . . . . . . 1,763,801.03 ' Notes of ank of Canada . . . . . . . . . . .. 3,561,986.75 Deposits with Bank of Canada. . . . . . . . . . 20,125,842.49 Notes of other chartered banks . . . . . . . . . . . . . . . . . . t 434,640.24

Government: and bank notes other than Canadian. . . .. . ... 3,948,200.58 -i—-——-——$ {$0,206,777.72 . 11,894 9 7.152 7,808 $ 49,91G_.076.il5 Dominion and provincial government direct and guaranteed securities, maturing within two years, not exceeding market value . . . . . . . . . . . . . . . . $4,614,771.14 Other Dominion and provincial government direct and guaranteed securities not exceeding market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,271,800 ‘l 12, ( '_ ' 620,1 .06 14,11l,bo6.64

Ch uesonotherbanks . . . . . . . . . . . . . . . . . . . . . . . . . . . Due y banks and banking correspondents elsewhere than in Canad .

"a C's

Canadian muntcipal securities, not exceeding market value . . . . . . . . Public securities other than Canadian, not exceeding market value. . Other bonds, debentures and stocks, not exceeding market value . . . . . . . . . . and short (not exceeding thirty days) loans in Canada on stocks. de- bentures, bonda and other securities, of a suflicient marketable value to