aucusr 1o. 1937

‘"5 TOCK QUOTA TJONs

m M}

FINANCIAL NEWS BRIEFS

(Received oven fllflfl ld and Co‘: Pnvauc Wire)

ii NTO, Aug. il-Lake Gen- mROa lead-zinc isue which 11. gppears behind the mar- “i,” e311: mill is currently being .‘,,',,1 11p and is expected to be merflblnn on 100 ton ' basis in a gunk; of weeks. People conversant ‘.1111 the situation look for a step , m killing rate, _but even on the It?) w“ 1,114,, excellent profits moms be realized as there are my 1500.000 shares. An estimate made by the Northern Miner in June grated the net might. run ‘round 12 cents per "hare though this figure was tentative.

5V3 15

Copper companies ‘earnings ghould be materially higher for second half tha ndtirlng first six months if the l4 cents price for jgmfllll‘ copper remains unchang- rd with foreign copper quoted con- tiatently" above the domestic level. 1,11 increase of half a cent a pound I5 now considered likely this Week

L11 trade circles

TORONTO, Aug. 9—-Falcon- g-irigr NlCKCF-E timatecl net prof- [taller all fixed changes for quar- per ellticri June 30 last $353,402 ag- ‘inst $336,243 in first quarter and 5370.583 in second quarter last year.

NEW YORK, Aug. ll-Goodyear Tire and Rubber earns $3.18 a com- mon share in 6 months against 62 gems as; year. Sales up 28 per cent.

50 cents common dividend de- glared.

l NEW YORK, Aug. 9-The

chryder strike has been settled

ind 23.000 men returned to work

I i New York Stock Exchange

‘suwnm b7 Plllicld and (in. moll- lézrlfb 9L::l<:'1l‘l)rll| Stock Eachanga and

NEW YORK, Aug._ VO-Electrlc‘ output of 19 major utility systems

in U. S. during the week ended sucks ch" July registered increases ranglnglglltlcéxé?‘ 235 235 ' S09 111 from 1.6 w 19.2 per cent over the iAm For Pr 9n, 9 corresponding period o! last year. ‘Am Rad 21a 22¢ i Am Tel Tel n1 171 wmrueao, Aug. 9—First. Am Water 2o 20% weather reports show it has been ,g?f‘l°9"da 63% 63 moderately warm in western prov- lAl/Tlgé)? 79'“ 791:3 inces with light showers in some Auburn 28% if?” ,parts of Sask. It also stated a. Bald Loco 5% 5“? steady rain in Winnipeg late last Bolt Ohio 281.5 23's night and 1t looks as though it is a Belldix Av 20"» 20*.» here for the day. Westoh in his 1 EQIhYSt 99l- 1013-. jforecaat in Winnipeg free press Gilli“ Ma“ 46 45“ *prophecie= rain in Prairies today | c1165 Q1110 12%|, 1231- and tomorrow rising temperatures ‘Chry-ler 114 ‘ 1,1511: and general clearing on Wednes-‘Com sol =1, 141m day warmer and odd showers on Coin so 2% 2a‘ Thursday in the south and much l Cm ca,“ 58*‘ 53,“- oooler and odd showers in Bouth- lggg gdlson 37"‘ 36"’ east on Friday, more moisture and 5Com 350:0 66 6 V then clear and warmer next sun- 1Cur Wright 19% 15a; day. Faced with the prO5P90t of ‘Deere 13a 13914 grain harvests at. least 10 per cent DUDOM 161 161 below avenge Germany on sun- ‘Elec All"? Ll’- 39 38% day applied rigid control of her file“ 1P ' L‘ 217'“ 91“ farm output to ensure adequate @1555 $11550 57g, food supplies for the coming win— |Gen Foods a1‘; tier. The market is having a tough [Gen Motors 5s’ 51m, job to hold along current levels I Goodrich 30% 38'»; and if the moisture come= in the l Gwdyem‘ T 43* 42% Argentine shortly it is possible our 33"” P“ 50$ 5°‘? market will break again. m“ egg‘ c“ Ii ' N ai NEW YORK. Aug. Si-Detroit- nit TgrlrTel 1113?; 1111a‘ 21,000 men returned to work in , Jflhlls Man C0 gm! Plymouth Motor Co and fac- fifggifcmn‘ i537‘? 53% res today under an a reement Y whereby there will be anginvestl- Mfififawfiré‘. 123% 631% Ration of an independent Chrysler N y gm 40% union and a hearing on the dis- Nat-l Bi: charge of four men. A new board Nat Cash Reg 35% 35v.

of directors for cord Com was New York N H 4% 4E4. announced following the sale Sat- N“ Am 0° 27 27,"?

l “IL LHAKIA

Mining

(Canadian Press) TORONTO. Aug. 0 Stocks

today. On Saturday the Senate urday by _E. L. Cord of his entire Qfcrkpgfl, passed the Court Bill and will now holdings in Cord Corp. Magazine Paramount 21% 21’: ‘Acme on be (‘Oll-‘Kl-"YPG by m9 5W6‘. It is Steel reports steel production rate Penn R R 38 38". Anon believed Congress will adjourn by was up 1-2 point to 84 1-2 per cent Pllll M01‘ 91% 91h.- A P 0°“ Aug. 21. We would look for a firm last, wool; and gays 1,11 51g“. point Phil Pet Co 511,; Aldefmflc 1nd more active opening this tn heavy steel buying for the re» P0“ Tel Cab i “Qd. morninu. With better prices for mainlng months of 1937. Says steel gut, seor- N ‘I 4a 43,. Argosym General Elm Kenrimwtt. Steel. making are acting on the general 112:5.) élo CO 121,1... 20 “ ‘Arntiield Amer Smelters. Armstrong Cork beief that requirements will tax Radio K O 8R" lg“; ‘Ashley 1nd U- 5- Rubbef- ‘ ability to produce sufficient to Scars Roe Co 9612 9911, Jaw?”- mect needs. Motor Wl l Co . $11911 Unlml Oil “L” NEW YORK. Augr 9—EXpecta.- and subs. 5 months endcdegune 5mm‘. Pa“ 48% 48 Baglimalc lions for a generous fall business net profit $1,154,000 before provis- stdou Ind , 522851615131 ue wide-spread with Aug. making ion for silrtax on undistributed 3d‘: one N J 68:,‘ 63; Beam‘, suspicious beginning in the nation profits or $1.35 a share against Teliaeco o $13.3.‘ Beatty P Wide Fri-ill firld- according to o. $1.013.000 or sue a share in 1936 United Air goof 23-‘; Bldsvvd s. Department of Commerce re- fir*t half. Federal Mining and United Corn ail 5-‘1 Big M“ ports. lll 30 cities. In substantially Smelling Co. June quarter profit United Dr"! 12 11% 30°10 Ill of the reporting cities bwiness $345,847 including $63,353 mom gngeg gas Imp 131$ 13” §§§{,‘?,’,“'§,11 was ahead oi last year by margins on metal agaimt profit on metal U 5 sync‘, 116901: 138M Bunk Hill which in general ran from 7 to l0 stocks sold. but before depreciation U 5 1nd A1 33,71 33,“ Cal Edm per ecnt and in some instances depletion and federal income tax- Vanadium 33 ~ 33 I Cd“. Mal eve much more while the whole- es against profit oi’ $156 374 in. West Union 47 48 canbw tale trade reflected the better sit- eluding $6,106 prom, 011' metals Warner Bros 141-3 14d; W?“ Tmm nation in retail lilies. _ sold in June quarter last year we‘? Q." B 41v‘ 42"‘ (tight 1511b - es cc ism 154v. ‘-~ r Woolworth 48v. 41m Chm Re , , Chromium Currencies Livestock 33313553” _ . Coniarun-i MONTREAL m 9 _. m) _ ,, Montreal Curb g3; 53;‘ Pound sterling declined 1-2 cent MONTREAL, Aug. 9 — (OP) — (Supplied by Pitfielfl and Co.) Con Chib an ifoiurcal foreign Exchanges w. Prices were steady to stronger on -Dorval iay to 4.98 3-4. The French franc Montreal livestock markets during stock! Open Close 1153M M81 u 376 ulid the United States doi- Wdflys "my dealings. AM b» o , Eld°md° ‘or at pztr remained unchanged, Receipts: Cattle, 1369; calves. Aqlclsllm. 5" 5a“ ;§2g3°§irk 1407; h0g5. 2513; 511991) fllld lflmbs- B Oil 23% 23“ iFraiicocilr NEW roan, Aug. 9 - (AP)— 1752- Bcailharncls m w; ‘Gillies Lake The Ulll!(‘(l Slates dollar gained Gunners traded at $2 to $2.75 BWW 901'}! .G19"°"1 against the leading European cur- Commons $3 to $3.50; mediums gnu‘ 4k 21V‘ 31% Gsds I-‘akfl rencies today, after displaying $3.50 to $435 and $4.50 to $8.25 for Dffn v15” m’ o goltcimilda Weakness in last week's close, goods. Don A“ _ fir; Ggldaigagle The pound sterling closed on 3-4 Gvvd- quality vcalers made from Fiaser 44v. 44-, Gcodiish W" Bl $4.93 13-16. The French $8.25 t0 $8.50 with mixed lots at $8. Fraser V T O 44V: 43"‘ Gr Bousq franc was utichanged at 3175 1-4_ Fair to mediums made from $7 to F?“ 35 25 Gfflllflflfl The Netherlands gullder closed ofi $175 Wll-h 0001111011 llllllts (WWII VJ g" walker Gmmar 02 and the Swiss franc ofl .00 1-2. $6. Drinkers ranged from $4.50 to Ixgmeofim 13a, 19° Grangoro The Canadian dollar remained un- $5 and SIRS-Wis $3 $0 54-251 IntDPete 3g‘ clianllcd at Par. $860M gvgs ant; wlelthcrsd rgenlt llgftilchtirs 41% Haring Rock .50 to .5 wi u s an uc 11w 42 Br H” lambs cut $1 per hundredweight. grliffirpfd High 5m‘ Pr. s Sheep brought from $2.50 to $4. 03a "e 45 45% |gggligsl=zggd - ' Bacon hogs, fed and watered. H ' 1 M‘ made $10.75. MINING .130: °‘ -—_-- -—---i-~ ac ai J k t0 AONTREAL. Aug. 9 - fCPi ._ NEW YORK coma TORONTO. Aug. a - fCPi-‘Ihe Jemlfl Prices held generally stpgdv on —--— Toronto share market began the JM°°° Montreal open produce markets to. (Clllflfliflll P5985) week by registering higher prices K M 91%“ illy. s‘ h Clo on the heaviest turnover since K311211111? Graded egg shipments in carlots 0c Se‘ Jilly 21. Interest centred in the Kirk Lake or less svere quoted at 28 cents a Amer cyan 3 34a; base metals and that group rec- L350"?! iozen for grade A-large. 26 for A- Amer Gas Elec nrcicd their eighth consecutive gain Mk‘? shim’ medium. 22 lo 22 1-2 for B-large Amer Sup Pow W adding more than two points in I'm," Cm“ Ind 2o to 2o i-z for c. Ame 6R8 ER A the ‘exchange index today. Golds EQQ‘, ca" Butter was quoted at 23 1-4 m Atlas Co"? ' firliicd about 3-4 of a point. Lepch l-2 for cal-lots or less of No. 1 gflTesM§§f$m 31,; Profit-inking curbed the advance Little L L While lots to retailers were 21 i-2 Creole Pet as for some of the hm metals. Pena" 8635-“ for solids and 28 for prints, Elec Bond 5h 19's Orville closed unchanged and Nor- “d-‘en Cllrvfic was quotas M 14 to 14 Ford Can iaiida finished 1 3-8 down. On the MHQLEO“ l-B cents a pound for Ontarias mag Hud 13".‘ up side were Hudson Bay with a $339539 while Quebecs vt-m-o 13 b2 m 5_3 S“ S“? [ad 4;," gain of 7-8. and Ventures, Waitc- Mcxcnzle Potatoes: Que. new whites No 1 Gnu‘ "1 r-no“ 57c! Amulet and Reeves-MacDonald McViltie ‘Ts to .60; No. 2 80's 40 to 45 Hlilmble Q11 n " Willi gains of 15 to 35 cents. Coast McWattcrs ' ' ' Brown Pfd 85 Copper added 50 cents and Sud- yiegfugiloil -—i—————i bury Basin. Sherritt and Aldcrmac Mfn Com , MONTREAL CURB improved 5 to 8 cents. Mining M11110 FlfianCe (Canadian Press) 5312,0011?timriskfagfd25irbeiil1tiatb Mgtigtamy ——-— Eldorado was lower by 10 cents him?“ Kirk IBW YORK, Aug. 9 - (AP) - an‘. and Nipisslng advanced a few Ilaurgghl’ 855*?“ 9x91181180 mixed. Great Arno cents. lgqeiltbec am demand 4.99 l-4. 4.03 5-8. Bouscad some of the secondary golds New 601d ‘~93 13-16; 60-day bills 4.97 7-16‘ DllPaPfl churned about. hitting lower prices Nipisslng stance 3.75 3-4; Italy 51g 1;]. 731ml") Cm for a period and recovering before Igorandgl 1 . _ O1‘ anada par. OOMMOMTIES Egezcuw-se Kerr Addison eased down I ggrgifd >~ Narrow losses were posted in the ‘okglf: . _ _ EMQNHM“: “x1123” g “cgizala; junior oils for Okata. Dalhousie. - omgga Fine Residential oféhélil. $3.5. 23...... ...-li-i~~iiiii;- 3113;“ ;';;1,";;,°;,}§;- ‘gig; $13,112“ tion today while butter held ffozaga add“, a pomp Page no, Prllliflrly FUI’ 83h “fifilo. Spot Que fresh <92 n. MONEY Box £31121? — ' A 4D R ______ cogs) 2e g-s ‘tog-z. H‘ m“ $355,311,, esidence 0f U19 l eew po_ mun e ' . (B The Canadian Press) Paulore H RY w LON L819 Eggs Spot-Ont. A-large 28a. A- elm!“ oxmange rues. pgymagm- ' GWORTH medium 26a; A-pullets 24a; B- ‘ P d 49a 34. Peiron ~——— 1 33a- g m; M Mmmwm _ mm ' ' ‘ Peterson Cob 9' U170" Prince Street. M” ' ' ' franc 3.76: U. S. dollar pnf- Pick Crow W! offer for sale the residential At New York—Pound 4.98 13-16; Pioneer “fifty of u“, 1“, H w L" B ks franc 3.75 3-4; Canadian dollar Powell worth hm‘ 9s Up r P] ' s‘ F; an pan Premier ll lhe City of clrfiiaggzasn m At Parls- Pound 132.83 in: v.8 ggsfonlflit‘ m. 1 (lnpllod a; vim-la am! Co.) doth; géttiial-fi fr: Oflnldlfln 4101-‘ M; l ' . ‘ r m l" wnvcrzlxifn rl:‘t?.ence"1"“"""§ Bank: 0w" m" mrn Gold A Pound 12s. ad; o. s. flggvLlavlgegn ‘filmll, 1g 1,, """':' mm“ h, 35m‘ °f c“ dollar 59.44 rents; Canadian dollar ~ Reno G rourhout and 1a u‘ m“ Bk common‘ m5 185 0944 cents. 'F'°°11° ‘I beautiful garden ';'.I.‘i"".‘{,'.‘1..,',’,’. 113k lvldlva s ass ass I S,§,,‘“g‘,',‘,' "n! with fine had tree; Royal Bank The dahlia ha; be!!! 879W“ 5-9 l omgwkeg h“ ' c ————-——— garden flowei l" “but 100 7"" Shoe ore k PM: contains gppmflmggg- MARKETS AT A oaauca However. the most popular variety. She itt m acre of land. the Cactus. did not app!“ imtll gm e

hmh" harttcaiara apply

THE EASTERN raver oo. Richmond Street, chmmflvwn. rat. L-im-l-s-n-c

(a, The Canadian Prml about 1880 A mm m!" ‘W'-

Torontn and Montreal — Stocks

closed higher. known to many

N w Y k-—8to k. higher. troduced about 1900, wepnpggiwhga: bown I 3-8 to lPaeoaw-dlowered variety m! Ill- I 1-2 cents. tll 1W!

the Collarette. which is still mr-glnve Lake people WM in-

tadacona a Sou Pe

‘no m’ “Sud Begin

Tashota lwlvanito

Close

ab’ icon-ref; a<

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260

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ll'l ILTUWN GUARDIAN

Montreal Stock Exchange

(Supplied o; Pitflcld a 0o. members of Montreal Stock Exchange and Curb Market)

Shirk! Clnlc Bell 'I_‘e1 169% 169 Brazilian 27% 28% Briick Silk

B C Pow A

Build Prod

Can Cem

Can Nor Pr

Can Car Fd 15% 15% Can Car Pfd 25%. 25% Can Hydro Pfd 94 93 Can Ind Al 6V4. 6% Can Pac 12% 12% Can Steam ,1 4'4, 4's Celanese 1 25% 35y,

Cons Smelt 87% 87 Dist Sea.

Dom Coal Pfd

Dom Bridge 49 49 Dom St B 23% 23 Dom Tex 82 81% Dryden 17% ia Eng Elec A

Eiig Elec B

Found Co

Gen St Wares

Goodyear

Gvpsunr 121.4 12% Ham Bridge

Hcw Smith 30 30 Imp Tob 14% 14% Int Nickel 66 Int Pow Pfd

Lake Woods

Massey i-lar 9% 9% McCall Fr. l2 12 Mont Pow 33% 33 Nat, St Car 49 Noranda 69 67% Pow Corp 23% 24 Quebec Pow

Shawirligan 29% 2955 St. Law 12 *3 13 st Law Pfd aav, a4 Sou Can Pow

St Can ' g4 g4 St‘ Can Pfd

Wln Elec A 4% 4% Win Elec B 4*: 4%

Grain

WINNIPEG, Aug. 9-—(OP>—In a featureless session on the Winni- peg gram exchange today wheat futures declined to close near the day's lows, 2 3-8 to 2 1-2 cents down, October at $1.22 5-8. Decem- ber $1.10 3-4 and May $1.21 1-2.

Absence of export demand for Canadian wheat and bearish out- side trade reports resulting in weakness of ‘all major wheat mar- kets. Nearly all grains fluctuated throughout the session below Sat- urday's final prices. _

Trade in cash wheat continued dull.

Coarse grains eased in quiet trading and final quotations left oats and barley futures fraction- ally lower. Flax lost 1 1-2 cents and rye was 1-2 to 1 1-2 cents down.

CHICAGO, A118. 9 —- (APJ-In- fltienced by a big increase of the domestic visible supply and by beneficial widespread rains in Ar- gentina, wheat late today tumbled more than 2 1-2 cents.

At the close, wheat was 2 1-4 to 2 3-4 under Saturday's finish. Sep. 1.10 3-8 to l-2, Dec. 1.11 1-8 to 3-8. com i 1-4 lower to 1 3-8 higher. Sop. 1.03 l-8 to 1-4. Dec. 67 3-4 to 7-8, and oats 3-8 to 1 1-2 down.

WINNIPEG WHEAT (Supplied by Pltfileld and Co.) Close:-

Oct-Iii‘?- Dem-HP“: May_—121‘a Teck Hugh 505 Texas 195 Toburn 335 Towagmac 135 'I‘readwel1 80 Uchi 105 Ventures 345 Ventures 575 Vulcan 159 Waite Am 405 White Wat 10'- Wood Cad 35 Wri Harg 635 m1 5'»; UNLISTED Can Man 6'4 Coast Cop 550 i Dal Oil 90 Eoothill 122T ud Bay "- Malroblc 1% Mandy l9 Nordon 31 Pawnee K 2% Pend 0r 470 For Cm 3'6 Tomi ka 42 Wwterlfp I Total I604 197,01“

‘ 1936

Sotne day you'll come home from work for the last time. What then? What will follow your last pay-check P

Have you a savings plan now that will work for you after you quit P

Unlike most plans for saving which depend upon the ability of an indi- vidual to keep a resolution to put away money regularly and never to yield to the temptation to spend it, the Imperial Life plan of saving works.

Influence 0f Weather on Late Blight of Potatoes

(Experimental Farms Note) l Late Blight of potatoes, probably , the most destructive disease of this l important agricultural crop in Eastern Canada, appears to a, greater 0r lesser extent every year, i some seasons causing only minor losses and in other years resulting in destruction of a great percent- age of the crop.

"View years aim Chauncey Goodrich stated that "the im- mediate cause of the potato dis- ease is sudden and extreme al- terations in weather occurring at critical periods 1n the growth oi the plant.’ Since that time coli- siderable effort has been devoted t0 the investigation of this probiem and much has been learned. In 1861, when DeBary finally proved that the fungus Phyiiophthora infestans is the cause of the potato blight, much of the previous 20 years work ‘was disregarded to the decided detriment of both investi- gator and producer. Records of con-

ditions favourable to the appear- ance of potato blight are just as useful today as in 18-19. primarily for the effect on the parasite it.- self. although when the trilth is made known it may well be that Both plant and parasite are in- volved.

In attempting to correlate an epidemic of late blight with ex- isting weather conditions, it is lin- possible to designate any SHlLZIB factor as being the one most directly concerned. Ra-lnall and temperature are probably of the greatest importance but their in- fluence is augmented or liiiiitcd by relative humiciiiyi, soil temperature, wind, and sunshine.

The organisms causing blight, after the spread of its myceliilm within the plant, eveiitittilly pro- duces a white Mildew-like growth on the leaves and stems, from which develops the sporaiigia or fruiting structures. These are minute, oval. seed-like bOdies which are spread by wind or rain and may either germinate directly, the same as a good, to produce a new plant, or indirectly. by producing a number of so called swarm- spores. The latter is the more common method and here the factor of temperature plays an im- portant part. Temperatures of 53- 58 degrees Fahrenheit are ideal for swarm-spore production. which decreases as bhe temperature varies. either higher to 75 or loav- er to 37 Fahr, both temperatures definitely limiting its growth. Direct germination. however. 1s greatest at 75 Fnhr. and limited by temper- atures of 55 and R6 Fahr. The germ tubes may tweiietrate the plant either on the ilpper or lower stirfuce of the leaves. more com-

monly the latter, will develop with- in the leaveg slowly at low toni- erutures. and reach the most rapid growth at 75 Fahr. Because of these factors. therefore. damp nights with either rain or‘ dew, followed by cloudy or rnlny days and a higher temperature. promote the severest blight ep- idemics. Briefly an outbreak of blight is most likely to occur after , several days of weather frequently described as "muggy."

According to certain investigators the sporangia lose their viability or power to germinate if exposed to dry air. oiie stating that they will not germinate after an ex- posure of two hours in air having 20 to 40 per cent. relative litimiriity and provideed the ali- temperature is above 60 Fahr. Conditions sim- ilar to these may occur many times during the summer irt theorem-W. demic is not stopped. It is during such periods that soil temperature

- plays an important role. as reveal-

ed by investigations conducted in at the Plant Palhcflogical Laboratory. Charlottetown. P. E. 1., the eircumst ices in this connec-l tion being as follows: A minor outbreak occurred around Jilly i 28 and to l-‘l appearances died out. Four successive periods. each of 6 to 8 hours duration. occurred be- tween that date and August 6 when the relative humirliiv air" """ only slightly above 40 per cent, air temperature being from 73—79 Fahr. Such conditions would be stifficient tn destroy am- vfi-"acia in the air or on the nlants y-t on August ll the occurrence of a gan-

cool. l ~

o

PAC". FIV.

i, Will the postman bring pay- checks, after you retire?

The deposits you make with The Imperial Life are SAFE. From the first they protect your dependents in case anything should happen to you. Should you live to the maturity of the policy they provide cash for you, or an income as long as you live.

"FINANCIAL Szcuarrv THROUGH Lin: INSURANCE," by Paul Speicher, an international authority, is an interesting book which should he rcdd by everyone who plans to provide financial security for himself and family. Your local Imperial Life representative will make a copy available to you without con.-