1

YESTERD

THE CHARLOTTETOWN GUARD!

Y’S STOCKand BOND TA 101v

rceearxrs‘

ii

x

77:7. Stock Exchange

Johnsto- “"'§y':£';moc=- of_tho Iontrnnt

ll . if.“ Exabnnoo. Ivflllflll 9'". l."

_.-_._. fllllllboil DI

n“ 15s Richmond street. town.) is." at‘ 25 1

J3’:

0 281

7 15 a 20

10; 01% 2% 1B "111 1B: s?‘ 13D 130 5% 8gb 11 1M5 21% 58 1.1% 4% 58.. 32% 11W; Quebec Pow “'4 5t Law Corn Law fd . . Ghuwinigau . 13 South Pow .. Vi Qtecl Co Can Com - 45 BANK! c ulcrco . libnlltreal . - Novalicot ll ... ~.- ‘algk of Canada 55

PRODUCE

Cnnndinn Prnon)

MONTREAL, ifcb. lib-Further ad- vance: in egg price: were record ed on the Montreal dalr and produce mar- ket today. Grade shipment: ha car- lot: or less were generally qaoiied ut- ill tn 32 cents a dozen for A large. 28 to 20 cents for A medium, 27 to 28 rents for A ulleis. 20 to 2i cent: ‘m. B mp3s, 0 collts for B mcdluln and 181/; cents for C, two cents mgpgr on top grades nlld a ncnt lnwer grades. lirccibts

altreng- tip 25%

The butter murket- also tilened slightly, becoming 25 (9:11! s pound for ho. 1 rariots or . B01111! routs and prints 27 lcnta. were 18 boxes.

No 1 (lntarlo cheese continued at 111,1; to 11% cents u pound foa- late- fuil receipts alld 12% to 122% cent! for suullncr lines. Arrival: amounted to 27 boxes.

0n the potato market Quebec no 2 whites were b0 to 55 cents and Que- hcc No . 1 Green Mountains 5i} to 00 cents. New Brunswick moun- tnins brought till in 021A cons: and Prince Edward island N0. 1 Houn- taius 00 to (i5 cents.

grlldo in brou ght 20 Arrivals

1::

WARNING

Don't buy or build n house

blindlyi Hove fuli inikrr- rnutlon beforo you deuidr on tho location, price or plan of your fnturo burns BUILDING 1N CANADA will help you. Thin pro- fusely Viliustrnied magn- uluo contain: piano, por- opsotlve: nut! fact: lnvpdu-

nblo to you. Bond l5

for n onmpio copy (stamp: or coin). l BUILDING IN OANAYD l0! Fullerton Dldlp,

Toronto, Ont. ._

Circular:

Voucher: llond Biiin Pricc List: Bill lleldo Pamphlet: Prise Lists Invitation! Catalogues Post Cards Debentures Statement: Note Heads Menu Card: Score Cord: Blank Noto: Programme:

77w Guardian- Central Job Printery ~

STEEL anon

3! Fhnk lifsclllllcn, Associated Press Financial Writer)

(B: Guardian's special Win)

NEW YORK, Feb. xii-The much- battcred utility stocks found a few 111911118 Bsuirl today, but activity in them failed to conceal a. lack of en- thusiasm on the part of traders for most securities and commodities.

The equity list, as a. whole, was mildly reactionary, especially the rails. which were also a. heavy spot in the band list. High grade loans remained firm, while U. S. govern- ments were a little irregular.

Activity was moderate in the stock market, with turnover aggregating 744.200 shares. The Associated Press average tor 60 stocks stood at 38.0

‘ at the finish, off .1 oi a point. The

15 utility stocks used in the com- pilation, however, advanced .4 of a. point to 23.4.

A further decline in steel opera- tions to 47.9 percent oi capacity was estimated by the Steel Institute against 49.1 in the previous week. The weekly trade review of the magazine “Steel," however, was en- couraging in tone and saw demand holding up well in many lines and good prospects for new business in the second quarter.

Amongst Canadian issues, Ford oi’ Canada “A" dropped a point. Frac- tional losers included Canadian Nickel, McIntyre-Porcupine, Nor- ands Holliuger, Nlplssiug and Wrlght- Hargreaves. Dominion Stores, Distillers-Beograms, Imperial Oil, Lake Shore, Hiralil Walker and Imperial Tobacco improved s. little.

Excgézvcr

(Canadian Prens)

NEW YORK, Feb. 25—ll‘0reigu ex- change steady; Great Britain demand

high 4.86%; low 4.86; close 480%; no day bills 4 silt: Franco demand o 03' Italy s ma: Belgium 23.44;

(icrllmny ~10 iii); (‘unudu 100 1-32. (Cnnudlun Press)

At inn tllilur- 15 00 fr; U. fruncsf.

ln gold-Pound 11: 11d; Canadian dollar 50.10 cents; U. S. dollar 50.14 cents.

l‘aris-—l'eund 74 32 B. dollar 15.00

Press)

(Cfillilibll MONTREAL, ". , 25-British and foreign exchange in relation to the (‘nnudiuu dollar us compiled by tho

lioyul Bank of Canada closed today as follows :- Argcntiua pcso .2575. Australia pound 3 8.1152. Austria scbiiiiug .1305. Belgium bciga .23. (l. Brazil mlircis .‘. lluigurls 12v 01245. (fhinu Bong Kong llculnark krona 217 Front-u franc 0001i. (lt-rmuny rcicllslnurk .4082. tircut ilrliuin pound 4.191150. lloiluud florin .0700. 2075.

éloilar: .4040.

Japan yen .2846.

Now Zculnnd pound 8 0248

Poland sioti .1002.

Houtb Africa pound 4 8410.

Spain pesetn .1314.

Swrden krone 2M0.

United States dollar LR 2per cent

discount. ,

Miscellaneous

(Consdinn Press)

MONTREAL, Feb. 5- Whcut nel- no 2 00.

Darlcy L‘ W no B 00.

Out: i.‘ W no 2 38.

Oat: C W no 8 40.

Oats feed nu 1 44.

“Flour spring wheat patents first:

80.

Flour second: 84 00.

Flour huireru $4 80.

Flour wlntcr wheat patents choice

84 40 to $4 ii0.

Flour white corn $580 to $0 00. Bran ton 820 J5 to $27 25.

Short: ton $27 25 to $2825. Middling: ton $2025 to S3 S. Rolled out: bag 00 lbs l8 15.

Cheese summer 12 to Butter no 1 2h to ' ‘t Egg: in cantons A 1 args 40. l lllétiiiiill 87.

I

Egg: B medium as.

Eggs C ‘J2.

Pointer-s Que no 2 whites till-lid Potatoes Que no 1 gr ults 55-00. N ll no 1 00 tu 021A.

(Cnnodinn Prono)

NEW YORK, Feb. 25—lnd:! of 15 staple commodity prices. (Dec. 81, m “equals 100; 1020 average equal: Today 161 0 prev day 150.0.

\Veok age 158 8 year ago 130.2. 1035 high 1000 103d low 1510.. 1054 high 150.2 litiii low 120.0. loan high 148 0 1113:! lnw 78.1. (Copyright 108$ by_.\fnody':).

The "Vital 3"

‘A ubep"

You feel tha "pap" cbming into your system a fow day: after tskin Fellows’ Syru which cunts us the “Vital 8 . Fallows’ create: strength by helping to stimulate th: circulation, by aidi in an- richln tho blood, on by‘ ro- air: two

vltaii cg the ncrvaa. Fellows’ for o mouth or sad our rise yourself and others th your now ohlrgy and can. so

FELLOWS‘

_ 4 , S h R l1 l‘ - 1111111111 fill-l l-l l d llll

“...... l‘.

Eiifiiilliillililli

Pacific, Dome Mines, International 1.

'week, and i still expect

MARKQQ cossm l

(By Johnston old Wnrdi lpooinl Wire)

IOBNINO IABIII LIITII

NBW YORK, N. 1., Fob. fli-Weak- nor: developed in the short session Saturday with two period: of rather heavy sailing putting price: down sharply. Thc Bail average closed nt a now-low for this ear. U. S. angel also broke through t: low for 1 .

Possibly t-hs explanation for tbs sailing lay in the recent action of the Senate which threaten: the Work Be- lief Program of the Admlniatratl . The fight, however, can be no means be considered lost ‘a: yet.

Thurs i: a technical support level in the industrial average at about 102 and another at about 100. The latter- i: the more importnlt since it held on four previous occaninns.

Laidlaw and Co.

S UMMARY

Feb. $5—Gold

new roux. n_ 1., 1m on

Bars 143s 01/,d against 143a Saturday.

Reading Company Jan'y net oper- ating income $887,843 against 81,420,- 700 in Jan. 1034.

liiuguzluu "Sine? says independent of another decline in Steel ingot pro- duction last week, threo points to 50 percent demand for merchant pig iron and finished Steel is strong.

Ii. L. Polk and Company estimates Jerry cur sales at 137,000 units ug- alnst pl-evlous estimate of 120,000 units and compared with 75,514 units in Dec. and 01,242 units in Jun'y 1084

Loose Wiica Biscuit and subs year 1034 net income equnl ta $2 00 : com- mon share against $2.74 in previous year.

'1'. M. Schumacher, Chairmunbf executive Comittce of Western Paci- lc it. R. and Charles Elsey, Presi- dent, lu letter to bondholders state that thoyroad is unable to pay liiarch 1st semi-annual interest on tl $4 200,000 first fives. Hopes that within 00 day grace period in bond inden- turo that they will be able to submit plan for permanent readjustment of

capital structure.

lligh Low Iinst Off

30 ind 104 58 103.00 10.1% 1.81 20 Rail: .. 82.33 31.45 31.51 0.00 20 Util 10.20 15.75 15.80 . 40 Bond: 07.40 ‘.00 Dow Ions. BAKING LETTER Saturday Afternoon NEW YORK, N. Y., Feb. 20~The

Utilities were slightly higher, most of the llnils made new lows and the lndusiriuls lost 1 to 2 points. Tile industrial averages got: down to 103,- 01) ulld there is a possiblity, though not a probability, ihnt they might go to about 101, but there is no change i llly forecast that u good advance \v1l start right after the coming these aver- ages to go to about 118 la 0 or 8

weeks. Phillip Morris duplicated its recent lnw and I consider it a great bargain

there. I expect : new big this Spring. ' Fairbanks liiorse which i said

should still be bought near 22, re- acted only to 22%. buy some around 22 if you get s chance.

lutcrburu closed unchanged. Broolliyn-hinnbe-t-tnn lost 11,4. Both should -:ell at least 10 points higher soon.

General Electric reacted to 22% and is not likely to go more than u frac- tion lcwcr. *

Iladio pfd “B" of which you should bo long below 40 and I still expect. 05 for ii, thought it might react bc- low 41 once more.

Wilson "A" should be bought below 20, Cclnnese 20 to 28 First National Store: below 50. anrl unlcss the Rails aro to be wiped out altogether which I doubt greatly, they should soon

were low at 0045 on Isa, 15th., are not likely to react that far. . luring.

ILAII

lpsnksr Byrn: declared that the Hours will support tho. tiau on the , , , Works Bill which was rout Committee by Beasts last week.

Dow Jonas.

BANON IAII

MONTREAL, Que" Fab. '25—Blli: and Industrial: di pad nhsrpl on Saturday, while tiiitle: di: ysd strong resist co in tho taco o gen- era] weakness.

Admittedly,

reaction: sro rorel pleasing, but thu: far iuduotrias have not by their action indicated that the market is about to otnrt an extended downward trend. Borne fur- ther weakness may be expected today, but pric: are likely to meet buying support within a few point: of slat- urday's closing icvei. The recent slugglahues: displayed by Ford "A" followed by Saturday’: active selling pressure Torr-shadows n reaction to up roxilnatcly 2,0.

n the whole, gold share: behaved decidedly better than the Industrial list during the past weeks. Gold showed marked strength following announcement of the :0 called favor- able gold decision, but uuiiks Indus- triala, managed to retain a good part. of their gains as the week termin- ated. Nothing has occurred to alter the uptreud established by the golds. hfacasaa was wlil bought at advanc- ing prices Saturday, an npproach to about $3 remains : strong probabil- ity On reactions continua to buy golds recommended,

Banon.

ILA!!!

Studebaker suspended from trading

BANON "NOON LETTER"

MONTREAL, Que" Fob. 25—'1‘his morning’: firm undertone nccompsnlt-

00 ed by a rally in the Utilities doe: no

foreshadow nn imnledi: advance likely to ha sustained.

A considerable period of time will pass before the economic conse- quences of rlu- gold decision are felt in their entirety. .

Ford plfillilllalitll will bs otcpped up to 100.000 units for March ‘n: against 101,000 in Jan. and 180,000 for ths current month. March 1034 output was less than 78.000 units.

but i points. 1

Effective measures for forcing the nun-sprint companies in the Province which will show reasonable returns of Quebec to sell product at prices have been found by ,.the Provincial Government and are expected to be laid before the Legislative Assembly in thcicourso of the present week‘. Tho main wenpbn to he used by the Goverment is in the matter of water power rights and royalties upon tho development of the electricity there- from.

Penmuuh report for 1004 ear-pings equal to $3 25 on against $3 30 lu 1033.

F, N. Burt Co reports not profit: for 103i equal to $1 15 on common against 911 cents in 1038.

Nearly all branches of trade reg- istered an impressive rate of improve- ment iu Canada during past week.

Jan. production of Steel in Canada reported at 50.1120 ton: against 58,782 tons against 58.732 in Dec.

idle capital, potential inflation and encouraging business activity are un- likely to prove sustaining influences in any market weakness which may develop. ,

International Petroleum continues to show signs of steady buying. This issue will work gradually higher and may be regarded as a buy on period:

lliOWl

start on a good recovery. of reaction. Tho industrial averages, which B11101!- < . ]‘ l, C . ' 114 l L, urrenczes I v (Canadian Prc: ) an,‘ ("°'“‘"°" ""3132, MONTREAL, mo. os-cruc pound Buanfflrno“ v ,1 sterling recovered an early loss to

Bren‘ Corp Com llrrlv Corp 11ft] Ill-it Amer Oil .. Can Malt Can Wins . Con. Paper . Dist Scag Dom Stores Ford nf Can A Green Stubcll ..

. 60 00 ' ' i2“ l2?“ . - A; % 80 0% Mitchell Bob 5 Nornuda 8325 Teck Hughes . _ 400 Walker (loud . ... ... - Wnlker Good Pfd .. 11% Walker Brew . 855 Wright Bar 000 885

V1.....-- I

MONTREAL. lfeb. 25—Of‘ferlngs on the Montreal livestock market: today totalled 5,287 head,

Cattle receipts wens 1.182 head. Cattle prices were estimated to ha about 50 cent: higher than the qua. tatlons of.tbe previous Monday, Trad- ing was urtivc at tile advanced figure. tlood stccrs were mostly $5 75 tn $0 50 with one load at $0.75 and ono lone steer. choice quality weighing 1.560 pound: at $7.25. Medium steer: ranged from I4 50 to $550 and com- mon kind: from l0 50 to 84 25 Heif- er: sold from t8 to $5 Good cows were $3.75 t0 84 ‘Ilth medium kind: from $7.25 to It’! 50 and common but. chars, from $2 25 to B. cutters were from . tho bulk from $1.50 to

Cunncrs and

to w h $1.75. Bull: lb:., good sud medium $4 50 o 84

I medium, $450

choice $5.76 tn 00.75- to ~

"ins to aw;

- . i7 t5 00; common l8 b0 to $4 25; heifers, good and choice $4.50 tn In. Medium cowl. ocd $111.75 to ‘zhxmedgsum $8.25 to d so; "1111111011 0 icaaner: an cu - m: |i.2s to 1: bulls good 08.50 to l4; common 82 25 to .

Calf receipt: were 006 bond. Calves were than to 25 cent: higher in : ctr. Good vaals brought $831 to ti? for n few tops, with medium ood around .75 to 8 anddurt me lum klind: . o . . lght . Tho bulk of tho sale: were between t‘! and 81.50. The few grnslcr: offered ,brought 39-70 to 8 .50 with the bulk at ti. good and“ choigle v2.1.3.2: is. ; c0 lnon In lfll! um 0 ' ..- arrtflfllii to $0 50. - ' In lhsop receipts waro 101 head. Iiva hot-hours llllnibfil tho first of the so:- aou, averaging around a5 such, d at $8 per ism . Tha balance of the lamb: wm mostly buck: and were sold at Iii to 30.75. Sheep were from ‘to . .

Iilwan, l8 to ; lambs, good Id each; common to .15 per cwt.

Hog fQtl-‘MO ware ,0“ bard, Hog: were slow and easier. Bale: recorded were at is 30 to ts. for bacono, fed and watered. Select: drew [1 par

ho premium. Butchers. heavia: and llg t: were o 211 and sxtr: bcavies l1 50 tn $7.15. Son-n were

from 00.50 to l7

ounda ‘

clone with a small gain on Montreal foreign exchanges today whlla the United States dollar lost frnctionaily and the French franc held 'lu ’ The pound firmed 1,5 of s cent at 34 80 0-16 while the doiiaz- was off 1-32 percent at 1-82 of ous percent discount. The franc hell at 11.014 cents. dlnn Pres!)

in the foreign exchange markets to- ian dollar went back. to a premium day and other leading currencies chalked up fractional advances

The Dominion dollar closed at I-Zii’ percent prtnliunl, the first time it had been above par in a week. The

final lutc un Saturday ws: par Sterling fluctuated narrowly and closed higher at The

French ranc, closing at 0 03 cents, showed : gain of .00“ of : cent.

EAST BALTIC WOMEN'S INSTITUTE

The February meeting of the mat Baltic women's Institute was held on Feb. 19th at home of Mrs. Edward Robertson with an attendance of nine members and two visitors.

The meeting opened with singing of the Ode, iolowed by roll cull and reading of minutes of previous meet- ing, which were approved as read and signed by President.

Reports from school and sick com- mittees were next given. Members expressed their sorrow st the ih- ness of Mrs. Colin Dixon and Mrs. Arthur Keene, each of whom was on one oi the above committees.

Librarian reported that books 3:110? not be obtained till o later

The plogrsm consisted o! rend-

' ingsbrccitations, and l. "Nation Con- l‘

t. Tho following committees were appointed for ensuing month:

Pater Mossoy; Sick, Mn. Ed Robertson and Miss Annie Bruce. Next meeting to ba held at homo of Mrs. R. W. Dixon. Meeting ad- lourncd with the singing of the Na- tionai Anthem.

Following the meeting a. dainty lunch was served by the host/QM. Mrs. Edward Robertson.

______...._...___. KELVIN SCHOOL

Groda X-i Ruby Ncuurdo. 2 Dylian Forbes. S IrVilII Cotton. _ Grads VIII: I Alhed Stavart-

Ornate VI: l Ell: Ho“, 3 Helen Forbes; I rsenueth McKay. Grade" V: i Wendell McKay. 3 Ella Thompson, I Keith Thompson. Grads m: 1 Elmer Cotton, 2 Leslie Wlllflh. I R1191! Waudh. Grads If: 1 Inigh McKay, 2 Alesr Dsafloohss, S Ernest Dssitoches. I: l Ewing bliilnr, 2 Rut-h MloNoill, 0 Roy Btsvert.

J. Wcnflll imcNcill, teacher.

toda New York Stock Fischan s. Y c ... “... a

COIIIDOD .

(Conn NEW YOIUC, Fcb. 25—Th0 \llillfltl-_

School, Miss Elsie Dixon and Mrs. s ward

Milli TRADING iiN MART

(O. P. By Gfllfllln’: Quin! MONTREAL, Feb. M. — Paced l1!

Penmalrs failed to appear but oth- ers of the group showed broad reces- sions with traders apparently of the belief the industry was in the midst of s period of dullness.

Dominion ‘Textile fell a full point at 00% while Canadian Ceianese Preferred 1% at 1001/‘.

Stock sales totalled 0.385 shares; bonds $13,300-

Mark ets A t A Glance

' (Cnnsdlnn Press)

Toronlto and Montreal-Industrial stocks irregular! lower.

Toronto-Mines lower.

New York-Stocks slightly lower.

Winnipeg-Wheat higher. ,

New York-Cotton :ud coffee high- er; rubber lower; sugar unchanged.

MINING

(Cnnndlnn Press)

TORONTO. Feb. 25—'1‘bs Toronto mining market displayed a soft tone throughout today's session and closed without any decided pick-up though the secondary golds bad scattered gains at the finish. Moat of the base metal, silver and high-price golds were slow on mild price recessions. Fifty-six stocks closed lower and 23 higher.

A flow of selling in McWatters eon- tiuued throughout the day and the price weakened 0 cents to 1 00. Forty-three thousand shares changed bands. Selling sentiment also predom- inated iu Little Long Lac, which lost 10 cents, and San Antonio which lost. 22. Other stock: closing down 2 to b cents were God's Lake. Central goal-leis, liiacassu and McKenzie lied

a e.

(Canadian Press) TORONTO, Feb 25- Stock:

Acme Oil Alex . . . Algolns

liar . . . Ilollinger

McKinley ,, Alclllilan ... ... .\ ‘ttio

liylvan its . Teck H

y: e .. White Bing

Wright H

Sliver .

Total o 20, ‘ CNLIBTED