m.

‘Mann's-Y

YESTERIJATS liliiil. MARKH

gvggwqv tt'i\~vi

illorrectetlé-F-‘or Every Wednesday and r Saturday Issue g

PBODUOI

‘lili

Hay ... ... .s ... ... ... -_- o" nrrrsrs. su ass .. Potatoes pk . . . . .. . . Zvolery bunch -Iioust Beef .. ‘_',(‘hit~kt~n each "Stew hlrats ... _'.'i'ork Chops

Tllurk - - (‘nrrots 41h ... " Onions N0 l 10 lbs Pnrsnlns fl lb _.. .. Apples dos . .. lier-ts dos

DriedCod 1b ... _Corned Mackerel each firnelts lb _.

‘cls lb ...,

omit fillets lb (Canadian Press)

.\rfl.\"l'ltl~l.4l., Jun. ‘fl-After ad- Llllviiig to new highs for the winter Pnsrill during tho pest few days. but- p-r prices held steady on ths Mout- n-ul dnlr sud produce market tods . Prices o No 1 butter were general y it to 24%, cents a pound for carlots or lose Solid: were 25 cents and prints ‘:0 cents. A total of 044 boxes ans sitter-ed for Iale._ .

Prices on the egg market were a llilliil? easier, traded sh ments in mrlots or less becoming 4" cents a dozen for- A large, 21 cents for A lliedliiili, 20 cents for A puilets, 18 to in cents for B and 17 cen-ts for C. RPPOHYIB were 60b eases.

(‘been continued st 10% to 11 cents s pound for fall make and 113g to l8 vents for summer, for No. 1 utarlo Offerings amounted to 4d boxes

Potatoes brought 4d to d’! cents per in pound bag of Quebscs, 48 to tori-is for New Brunswieks and b0 to l5 cents for Prince Edward Islandm.

MI1_i_II_NG

(Canadian Press)

unuoNTu, Jan. '.".'-’i‘hs mining shun-s section u! the meow; OI- thnnge wns left to drift nndsy as trading interest waned. Voimne was down to 372,000 ehnres and l few penny rdoclre rnndo nv tho hnlk of the trade. Pundit‘; n deosiuu 011 the gold rhutse teat cuss, operators were h- i-lincd to side-stop the high-price gold group anti l-hs turnover in these was slmvpiy lower. Tho few hnycrs wsro aide to pick up stock st prices under .\londny's closing level. Silver and hnso metal stocks were very slow.

ilvlniyre, Pioneer and Hoilln r rineotl ‘:5 to 50 cents lower and sms l- t-r rew-rssions were chalked up for Wrilriit. Hargreaves. Dome and Tack llulrlt-rs. Little Long Lac lost 20 rents. soiling down as volurne in- crr-ssml in tho lsst hour. Recessions of u few cents each wero noted for dad's Luke, (‘antral Patricia, Bradlan, liumrssn, Pickle Crow, and Ventures liunllnr gained '4 cents.

(Canadian Press) TORONTO, Jnil 22- Blnrks Close at...» on 20% Algorna ..

Anglo II - Astoria ' lingnnuu-

:i‘i|rilnm ,, (‘In .\inl .

stir T . i‘<-i‘n Pat i'll|'l\| It" Vhilrniiif .... (‘nlllilfillll l» .\iin~a . Jinnr Exp] llldnrnnlo . Ii‘ iirldgv FWI Kirk (inlitl Lake .. (Golda ,._ ,,

i...

L. r.

5325B

=+§gotag

5.. a!

5

lillilliillllli ....

. . $1.00

-8flc itsn New York declined 1.1 percent 0e days of January. 0e week ended Jau'y 10 averaged 2,80,-

: ricatgimuistion, ps-ysh ~ D. J. Index closed Dflfltoff

"40Donda..

dlfllalls .. 8684 I402 ldifl '.M

5o town.)

rmgriémndoliar was firm s .148 of

painful and irritating. Remove them quickly and surely with Douglas’ IIYPt-isn Unimmi- .

lawmvzzttoas " ' f." . i

~ EST

out...»

(Dy IOIIIOIV.WI:'Q')'RI'I ‘llsdfl

IOIIHO IAIIII‘ ‘ LIIIII

“NIW, YORIV I. 1., Ian. B-The msrkst was scroll! lirsn yesterday, not fas- ut

The two cs1! did. es b no special seiiiofdvvslopsd the re; na - pa s. . s Bails. were again sluggish after showing at ngth D it t lsr volume

illdsy. a schedules rapo ed lsune in the Auto industry gr ehruary, this gsoup- roms ns mam ~ » - - » » - - - - - Bluco the decision oi u" “Gold Gauss" did not come out yesterday it presumably will not he hs 'Ibbraary ":2. the ' kmlsrktst ha: recovered-hom- Jetbse wee rathendwem. hutbstwsfil forgot. lev- s _ e ravens n30?» b’ likely to be. I mo" n’ Laidisw and C IUIIAI!

saw roux, s. t. Jan. sa-oac Badrs quoted at ms is s-asinst us.

John B; "lhompaon 0o. declarsdrs- (Ill: quarterly dividend - of- 12% Clh . . . . . . .

Department Store lies 1n Metropol-

.1-

from a‘ yearago 1n 11M 12 shopping Domestic Crude Oil output during

m barrels daily up 8,021 over prev- ious wsek, according to "onus Gas" Journal.

Reserve Boards condition stats- ment of weekly reporting member banks on January 10th allows 1n- crtesses for the week of Id ,00000i. in

loans and investments $107,. ,- 000 ia not demand deposits and 1%- 000,000_1n reserve balances with ii‘ eral Reserve Banks.

The Dir. declared} a dividend of $6.26 on ‘I percent pd on account o!

e Feb. ill record

5th. last. Previous. dividend _oi

$8 so applicable to acculuulal was paid hlay 1o, 1984.

llgh Low Last Up 108 0d 1M.fl1 1M 83 . ' 11M '11:” ‘llfll .10 - - “.29 .12

um. Low 1.... on

d0 ind N "Utlb

Dew Jones.

Mt ’l. S ck Exchange

(Q stssilols furnished by lshnfb- snl ‘Ward members of fbo Iastrel btook- lashallll. Isnfrsal (‘orb ill! use, m Ilcklold ltrost. trim-MM-

Cor Smelt Dryden Pap" Dom Bridge Dom Coal Pfd .

Commerce ... 100 Montreal

Nova Gcotla . 804 llo al 112

mils ..'t'"e.".".;.". s1 m;

. Currencies

(Qssdin Press)

NEW $0111., Jan. fl-Currenciss moved narrowly in the-foreign ex- change markets today.

Thadllanadign dollaafim dialed“ ‘no; chan at r cane t I

.i“.i.. t. dtllngomoved with a fractional no}. and c sod at at a of . The

Frauen franc, closl st "d. coats. "of a.ce t.

rday- and the

e t p midla- The de- glrlnacyefblnot 5m: to Oldcsrgga.

nsmcornsandwsrtsareugiy.

I ... .. ... ... "($.- Id fiat’ silos 82.000. * UXLIIIID

... ... no’ e.-

a‘ ls-elgaléifigoiah

ILIIIG LITIII

NIW 1011K ll. Y" Jan. 21—Whsat and. corn rssotsd nearlly 2 cents, but recovered halt of it. hey are not likely to go moon, t! any be! to- ds 's lows. Docunbsr Cotton, wh ch I

to y bellows 12.45 beaded to 12.40 but closed at 12.50. Always a blu- below 1.8.46. -

l said last week that I expected no gold decision today, but that it might come on February 4th. The Supreme Court recessed today till February .4th and rendered no gold decision and I was foolish for any one to think it would coma today. This de- cision. ls so momentous that the judges need more than one week fo come to a conclusion. My guess is that s bars maiorm will decide that since it _l_l. physi d1?‘ impossible to

an ‘ e sidarably over 100 billions in gold‘ s

constitutional. The Court will proh- sbl decide that it is not hound to en rce promises impossible of ful- fillment, and. that, anyway, those who bought the bonds did not pay in gold, but in currency of ths realm or with cheques re resenting such currency. Theredoro t ey are cusly entitled to be psidtn corcenc, of the realm, but that foreigners who rhnitted gold for bonds or who bought dollar exchan at the than prevailing high rates a o entitled to payment at tho former rats-prevailing before devaluation, and that-tho amount of their claims shall be credited them against tho War Debts if and when tzhey ever get ready today us. That would be s very good d sion‘. ""

Many stocks recently recommended made further gains. American Bank Noth got up to 10%, Crosiey to 14%, and Marlin Rockwell, recommended some weeks ago around 1B and than around 22, got up to 5%. Keep long of chem.

There was also further strength in General ‘Electric, Allis Chalmers, Fair- banks Morse, and they cnu still be bought if lihey react a point or so.

A setback of a point or two may come any day. lf so, bu Phillip Mor- ris at 42, General Elect c at or below 22. Westinghouse at or below 38, U.

Si! B. Bteel if it reacts below 81, Cor

Foundry pfd around 40, Baldwin pfd at or holosv N, Johns Mauville aeor hi, Radio around o and. if willing to wait a reasonable time, some ‘ar- amorsrlt certification near 8%. I also like Western Union and Postal Tole- grsph pfd on any moderate dip, other wise recent advices stand.

Baring

EXCHANGE

(Canadian Press)

MONTREAL, Inn. 22—Brltlsb and foreign exchange in relation to the Canadian dollar, as complied by the Royal bank of Canada, closed today as 1ollows:— guxatfaliahplouridga-‘aglbi. e 11111 QB’!

Chiga Houg Kong dollars 4388. Csedhoslovakia crown .0418. France franc .0008.

f‘ y relrhsmark .4008, heat Britain pound 4 8832. Holland fiorlu .6742.

aw Zeaiand pound 8 0031.

orway krone .2457. loutlrAfrlca pound 4 8767. ipaln pcstea .1805.

Evritsenland franc 8231.

United States dollar 1-82 per cent premium.

Closing exchange rates :-

At liioutreob- ‘onud 4881A; U. B dollar 1 00 1-82; franc ti b8.

At New York-Pound 4 Edit; Cau- adiars dollar 1- 00; fruuc 0 67%

At Paris-Pound 14 28 fr; Canad- ian dollar 15.20 fr; U. B. dollar l6 20

lmgold-Pound 12s Canadian dol- lar 50.01. cents; U. B. dollar b0 58

cents

NEW YORK. Jan. 22-l?‘orelgu ex- change ensy Grant Britain high 4B8 5; low 4 83; close 4 88%; 00 day bills 481%: Francs tram; Italy sum; Belgium 23.28; Germany 40 0d; Con- ads 100.

I ‘ ' _ . Miscellaneous

» (Canadian Press) RIONTREAL, Jan. 22- Whest nsr no 2 B0. ' Barley t.‘ W no 3 04. Oats C W no 2 68

J0.

Flour seconds $4 90.

Filuor bakers $4 80.

Flour winter wheat patents choico

Q4 d0 i0 l4 60.

Flour white corn $0.80 to 80.00. Bran ton $20 25.

Shorts ton $30 25.

hliddliugs ton $32-25 to $88 26. Rolled osts bag 00 lbs $8 M. l-lay no 2 per ton $15.00. - Cheese no 1 Ont full 10% to l1. Cheese summer 111/5 to 12.

Butter no 1 24 to 24%.

Eggs in cartons A 1 large 34. Eggs A 1 medium 31.

Eggs A 1 puilets 30.

Eggs A large 30.

Eggs A medium 28.

BI

liggs B largo 25.

Eggs C 2i.

Potatoes Que 80's 40-47.

N B M's 48-50 ,

P ll l M's 50-65.

,NE\V YORK, Jan. 22_lndox of 1h stairlo commodity prices. (Dee. 31, 1M equals 100; 1020 average equals 200 B).

Today 150.0 prov dsy 15d 0.

Week ago 1560 your ago 182.4.

1984-5 high i000 1084-0 low 1M 0.

(Copyright 1035 by Moody's). "MONTREAL, Jan, 22—Wlth all the trading talrlug place iu the last five minutes. silver futures on tihe Mout- nal stocks Exchange closed steady today. Nine contracts changed hands, four March, thrao June and two Au - ult. Prices were unchsu ed to T0 points higher than yeder ay.

Ian-h sold at 6450 and closed at M d0 bid while June sold at its clos- ingglevel of fill 40. Au ust was lid 00 .“Ionghont tho day, coslng at 5000 bid. An increase of stocks of 10,109 ounces brou ht the total stocks In stornre to ,547,8l2 ounces.

CURB

(Johnston and Ward) flpslsl

lfloha

Beanh: rnols Irrw l‘nrp (‘our Brew" Corp Pfd

slker llrew .

,nasas= fi ' I

right liar

o. s; iitpnkow Pruldenf.‘ Thelmiorlal Life Assur- ance Company; who presided at the annual meeting o!’ the Company yesterday.

" Li! Company, whose annual meeting w" he“ , _ j; Toronto.

Annual Meeting Imperial Life Assurance Company

“We experienced, e. new produc- tion in 1.034" 18% hieher than the new production in i938, also a de- crease o1’ 21% in the amount of pol- icies terminated bysunender, n. dc- crease of 21%. in total terminations. and a. decrease of 18% in the de- mand for policy loans," said Mr. G- A_ Mon-ow, President, the Imperial Life ‘Assurance Company. at the Annual Meeting oi’ the Company in Toronto. New assurances issued by The Imperial Life 01.1934 was $26.- 132,000, n. gain of more titan $4.000.- 000 over the previous year. In addi- tion, old assurances to the extent o: $1,856,000 were rwived. The os- sets of the Company now amount to over $71,000,000, s substantial in- crease over 1984.

The average interest rate earned by The Imperial Life on all of its investments in 1934 was 5.31%, n tribute to fo".\1lsht and Prudent diversification on the p811 01' "16 Investment Department 0i the Company, Mr. J. l". Weston, Vice- President. and MansslnB WWW‘- emphosized that The lrnPefifl-Lui’ hm pifld to policyholders over 88.- 000,000 in 1934, of which nearly $0,000,000 was paid to livins P0110?- holders and stated the (Jornlmny faces the new year with every hope of thk‘ sreii-iviiu rote o! Preemie being maintained.

EIVII/JTOCK

(Co-mullsn Press)

MONTREAL, Jan. ZZ-Alfferlngs on tho two Montreal livestock markets today totalled 1.030 hood. Recoil"! worn composed of 224 cattle, 27'.’ calves 52in hogs and 13 sheep and lamb!-

Thoro was no change in (‘he cattle market Good cows brought l8 to K125 with medirrru kinda from $225 to $2 76. and common butcher cows $1 76 to $2 2'; Cannon and cutters were frou|'$l.25 to 1i 50

Calves were unchanged at $0 to $7 ~ so for meals of common to mt-rlilim quality. Pull fell calves ‘were $1 to 80 Grusaera were aoid at l2 for yearl- inga to l2 75 for medium grnssrrs There was a good demand for hnlru and sales “productive nt IS 50 for bacon fell. nntl watered Rolf-ctr tire-w f] poo ling premium Butchers, hoav- es and lights "were cut n0 cents per cwt and extra henrius $1 PM" cwt.

‘run "crrARLorrrErowN GUARDIAN

’SSTOC

A FINE YEAR FOR THE IMPERIAL LIFE

More than eight million dollars in cachfl was PAID TO POLICYHOLDERS and their beneficiaries in 1934, yet the y’s assets during the some period increased by nearly three million- "

dollars. New businesswas 18% greater‘

ECURITY-that" is what investors are.

looking for today. Public prcfcrcncchas been diverted from speculation to the strongest forms of investment. "It is an ill wind that blows nobody goodf’ and the financial difli- culties of the past fcw years have cnhanccd_thc_ valuc of Imperial Life sccurit {Thousands have , bccn convinced that thc sa est and best place for their savings is z. sound life insurance

I During the year The Imperial Life issued 8,235 new policies providing for assurance; of

‘$26,13l,867.00-—an amount 18% greater. than the previous ycar's,total-. The Company's assur- ances in force now amount to $278,934,599.00 which is over a hundred million more than they were tcn years ago.

mcnts made to policyholders and their." ciarics in 1934 amounted to $8,022,044.64. Of this total $5,905,000.00 was paid to living policyholders, and $2,117,000:OO as death claims to beneficiaries. During the last five years The Imperial Life has paid to policy- holders or their beneficiaries more than fort] million dallafl. In the same have: increased by 25 pcr ccnt. his is a striking demonstration of the strength of the Company, and its ability to perform its prime. cvcn in times of major depression.

criod the assets

U The assets of the Company increased in 1934 by $2,784,033 .17 and now amount to $71,357,449.44. Thcsc assets arc divided as fol- lows: Bonds and Debentures 49.1%; FirstMort- " gages on City Real Estate 16.8%; FirseMor-t- gc on Improved Farm Lands 3.7%; Loans on ompany's Policies 20.6%; Stocks 3.3%; Real Estate 3.2%; and Cash in Banks 3.3%. '

0 The safety of the investment which. policy- holders havcin this Company is provcn by ‘its

1v. Y. 5...... Exchange

Gig-luv

olsnaton and Ward) 1,_

( notations furnished by Johnston ad Ward members of the Molt Stock Exchange, (nrb Market, 158 Richmond Street

MONTREAL EXCIMNGE i

MONTREAL, Jan. 11.—Irreguiar- ity appeared in debliiidfi '0" U19 Montreal Btock Exchange today with interest for the most port con- fined to two selected‘ groups-power stocks and newsprint issues. Volume was again light as trading slack-

ln the‘ morning following reports oompanies would reduce their price

100d, new t imiea managed to stage a mi d recovery in the after- noon and closed irregular. Reports said the companies would give buy- ers a drawback o! $2.50 a ton to send the price been to the m, 1984 level. 8t. Lawrence Paper Preferred fsii- ed to recover an sally loss and clos- ld 1% points oft at 1831. 5t. law- renco Corporation lost id cents at 1.50 and Bsthilrlt at 0% but both Howard Smith 8t. Lawrence Corporation he _ closed with gains, Howard Qnith touching’ a new high during the day ot 11% and closing up it at. 11%.

' lee totalled 1am shares; bonds

WINNIPDG, Ian fl-

B

New York Curb 4

(Johnston Qd Ward) ened further from esterday, with 5W" little more than l1, shares cha-ng- ‘m, c," n _ _ _ _ _ _ _ __ ing hands. ‘ Amer Gas ldiec Pushed doom by s burst of selling 2am‘

of nawsprint from m", mso s ton glgfhafi? it...‘ level set for the tirst six months m Fvrd _ P“ ‘

Markets At A"

first Nail tun‘... '

u:

-8tooks closed lower. Winnipeg-Wheat down to

cents e Montreal-sliver unchanged. ‘I Yobk-Cniton, ruhber an fee lower; sugar unchanged,

ample policy, and annuity reserves amounting c to $59,428,744.00, an increase of 2.57% over the year 1933 and over $1,000,000.00 in excess ~ of government requirements. In addition the

_ Company holds a contingency-reserve fund of $1,009,000.00 and surplus funds amounting to . ovcr$3,500,000.00. ,,

,9 Tlu, average interest rate earned b] Tbs Imperial Li)‘: anal! of its inuntment: in 1934 wax 5.31%, a . very gratifying rate when the-safety and careful diversification of the Company's investments arc considered. The difference bctwccn the 3% " and the 3%% assumed to be earned in cslcula- ~ ting assurance liabilities, and the rate of 5.31% actually carncd in 1934 on the Company's in- vested assets, affords a wide margin roviding .-. for- policyholders extra security ans surplus earnings.

Q Life insurance 1s not a competitive business in the ordinary scnsc. It is a scientific social service. ~Wc have told you that The Imperial

"‘ Life pays many millions of dollars in cash each year to Folicyholdcrs and, beneficiaries-n. sgrvict: o which the value can hardly be esti-

l mated. But life insurancc docs far more than . that. Its service is woven into the fabric of ~-» business and society. Life insurance policy- “ holders benefit not only themselves, but the gublic at largc, because the funds they have on

cposit with the Company help to finance our governments, public utilities, industries, trans- portation companies, and farms. I. i

0 The thoughtful person with dependents to support, with savings to invest, and with an cyc to his own retirement years, looks for an

investment lan which will remain stable M through any usincss or political disturbances. And he is finding 'ust vvhzt he seeks in the wide range of mo crn life insurance policies issued by The Imperial Lift.

A copy of the complete annual nfsvr ...‘ will be mailed to you on ngsvn. .

Tl-l-E IMPERIAL LIFI é " ‘ Assurance Co. of Canada v Fourman 1897 HEAD Osssm, ‘inn Branches and Agents in all important

Great West Bu -- llud Mot lntl Bur

. fNEWYORIC l:°..!‘.}.““f?i‘:‘§-"’"s§§}.fn ‘x ‘

Keivinattor Ken Copper _

(Byrrankblaslilimsl- " (M14 lodhcsaFhanclai

rlfapuu Curb wmqe (Ar. by Guardian's special ‘Wlrel

Loews lucorp Mock '1‘ ‘ruck

aunt. Akhli" NEW YORK, Jan. flJrrades-e 1a giant lgud. the securities markets showed lac . ll’

N3,‘ not disposition today .0 make more Na

than a (ew cautious sorties‘ frmn their sidelines positions. "