21, 1931“

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1111: CHARLOTTETOWN GUARNAN

PAGE ivnv5_

II'Z%E%H§K%M%H%H%H€

i Market Reports

['5 BySTEWART JONES

é‘w-fi:-.-:§»:~:§:-:Ea__=_-.-;==-=;. Egxgqaq - $4. ' 4‘/1i>c . s t1 101:1 , I v “WNTkEAL tip)“ c" bpcii 1.1111110 igilifgg Abltibi 3" °.°‘“~"“4 1°13“ 102-25 Alberta Pacific Grain ... . . . . .. .. a pc 102-35 » .. "' - ""775 t.i.'ii“‘.".‘.;;;..;.... . 1.3%,‘. °°",§“'*l"g|f,,,lgevefi> . v 1-! v o ~ OV -1 . ... 5"“ ‘it|,“§:,:um°li _ 41h’. p1: . . Nov 1210-11-57 1M1 ‘HIM!’ Wm 41/101: . . NiVLIIHR-BS 101,15 110L511 fififishiilkdl-U-rléél-t m‘, i, 4/11": . . Nov 1. 1040-!» 10115101511 British Columbia Pu -r 311/;

iiulidiiifl Products Canada Cement l. Canada Multing ... ... ... Canadian Power and Paper ... ."-' Uunuilliin Bunk ct tjuunueree .. l0 Canadian Bronze . . . . .. Canadian Luv and Fuuiiilry .. Canadian industrial Alcohol consolidated Sineitcrs ... 2i DMliilIiOli Bridgg .. 11o uiniuu Tar and Chemical

Fillllulll Players .. Fraser Cos. ...’ tiencriiinifloel “ll liiiiieiilliiillllli Nickel

Merurtiluglili Petroleum };i(1~|rl:;y|li.01|11 .. ..liil'_i:é|mnoi‘bi;fai||iii_im l >eru ... ... ... - ..1,. i- ..,| Kidney llarris .. . .. . liafnn-lliiz .. 1v_.|11110102.001o2.20 nevi-n Frontenac §“'r"'“““g " -’ Iiaiziilllti-lfi 1011-111 Montreal l1. li. and Power ... Iwgilndmg till-H l03.ltl1tl‘.!.'_'5 National Breweries ... ... ... i‘ "mull" iliiitillil-UO 102-15 National Ste-e Cur ... Nilfillitiit: . . .. -. 0 1 - ~ urio _ i, idiii-grllrotllicrs . “ii “ii-Jo 1 - Quebec Power . Mii till-infill!‘ : GRAIN RANGE Sliuou and Sons ' ii 21:22: :5 some‘ m. We" e ~~1~~=> \i'innipeg Electric ... ... . L “h t quuguqn ' on iii-i i. I t NEW “WK -l_u1.v . .. ... nsi-igl 11:12. m’ .\1'pt. . .. 11o as slur, d“! ... ... ... ..¢ .. I,» iii-c, , , ,_ ,,, ti; a: (lgiy,

Anacouiiii ... .. lh-ndix Aviation ... (‘llllflliillll Pacific ..

(‘oiuinertriul Snlveu

lioniiulun Stores .. idiot-tile Poirer 11nd Light . Fox Fllnis . iieueral Asphalt ...

General Iiotors ... ... Goodyear International Hydro Electric ... international Harvester ... lfeiinecott (foliper ... hlnntgouiery \\'1ir1l ... Niagara lludson Power l'araiiiount Piihiix Penick and Ford Poor and Co. B liailio .. Sears Roebuck . .. Standard Oil of . w Jersey ... Starling Securities A . Studebaker ... U. S. Steel ...- Vanadium Yellow Truck Call liioney ... .-.r ...-, ... ..

IIARKET REVIEW‘ ‘FOR I031

. ... ...

n. ... ... ... ...

JUNE 20,

..

Interesting comparisons aro made possible by the auiinuuvrinrnt of miii- ernl production figures for April by the Dominion lluroaii of Statistics. During the first fonr months _in 10:11 Canada's gold production amounted to 824.803 ounces. valued at $17,010,111». This compares with 032,487 mini-es worth $13,073,506 in the cnrrcspnniling period of 1030 and 00.1018 ounces. vai- ued at $12,518,124 in the 111211 period. In the first four months of this ycar. therefore. gold output showed an ill- crease of 30.4 p.c. over last year, and 36.2 p.c. over two years ago. Zinc pro- duction for the year to data is riin- ning ahead of either of the two pre- vious years, due. chiefly tn the bring- ing into production of the l<‘lin l<‘lon lifine in Manitoba. Petroleum output is also higher this year. Lead scored again in April, but was ilPifI\V_ last year's mark for tha four inontiis. The outstanding changes shown in the re- port were in nickel, ihvpsuni and ae- hestos. all of which show-ed very se- vere declines as compared with pre- vious years.

FROM FINANCIAL COUNSEL!

The greater strength in Nnrnmla during the past rauplc of days may be taken as reflecting the general strength in the market_ together with ths improvement in the price of rop- per that has harl a favorable influence on International Nickel stock as well. For the time being Financial Counsel is informed iio- new devcnpmcnts may be lpokcrl for in connection with the recent discoveries of new areas Rolil and copper orc. as it will proh- ahiy be 11 couple of months before the company continues work on these.

tho meantime it is consolidating.

so to speak. its position. its general market level must still he associated with the copper situation. however valuable the gold output may be. ACTIVE BOND PRICES CORPORATION SECURITIES:

Ahitibl 10m 114.11 Hell Tel . , B C n c (‘an (‘ein (‘an Steam P i1 o r it Cat Pow Mon f‘. ,\f Mont limv Mont Pow ll iilont Tram , 5 Mont 'i‘rum . 1'1 One Pow ... 5 Shawinignn '41,; 117,00 . isvhawiniftaa . ti 1010 108.25 [nit Beciir .. 5% I052 00.2.1 DOMINION or CANADA ouanssrsmn nouns i‘ N 11 .. .. 41.1. 10.14 100.111 102.00 f‘ N R .. .. 41/, 10.10 101.00 102.00 f‘ N It .. .. 41/, 111.11 101.110 102.00 i" N R .. m, ions 101.00 102.110 f‘ N ll. .. .. 401 inrw. 103.00 1012a ‘I § R .. .. n 10.11 100.00 101.25 9 ll .2 .. a 1on0 100.140 101.511 g i]: R .. .. a 11100 1011.50 101.50 M R .. .. a 1.010 100110 101.10 "M H 0 .. o 1on0 1011.50 101.50

DOMINION OI‘ CANADA BONDS (TAX EXEMPT ISSUES)

01/11 111.11

Correspondents of Greenshields & Co” Montreal

~ , oi traffic oflicers will watch for tax

& C0., Charlottetown

Dominion Of

Canada Bonds’

ii

(Special to Johnston I Ward)

, Bid Asked \\ nr Loan u: \\'1|r Loan Victory Lon "ii'i‘"'.\' Loan .-

ARIZONA OPENS WAR ON AUTO TAX DODGERS

(By George D. Crlssey, United Press Staff Cur spondent)

PHOENIX, Ariz., June 25.—(U.P.) —Certain truck operators of adjac- ent states who have been avoiding payment oi Arizona license fees will find their schemes worthless, clue to the observance of George W. P. Hunt, Arizona's 71-year-old ‘gover- nor.

With the start: of the fiscal year, July 1, the first squad of traffic officers ever to serve Arizona will roll out on the highways. Their first. job will be to prevent meth- ods of fee dodging which the gov- ernor recently exposed.

Not. long ago the governor spent; a. week-end in Yuma, on the Ariz- ons-Cslifornis border, and while there noticed a. California. truck bearing one Arizona license plate. Shortly thereafter he saw another California truck using the other half of the setcf license plates.

Fee-Dodging System

This disclosed s fee-dodging sys- tem-that" of buying one set of plates for two California trucks operating in Arizona.

Interested, the governor lesmed that: some California truck oper- ators leave Arizona plates just west of the state line where a truck to enter Arizona picks them up. The truck, on the return trip, leaves the plates to be used by another.

Governor Hunt told the State Highway Commission of his find- ings, with the result; that the squad

evasions of this sort. Cheek License Piste:

Another task oi the traffic of- ficers will be to check up on for- eign license plates used by per- manent residents oi Arizona. Hun- dreds oi Arizonlans, it is said, buy Caiifomia plates at 83 a. set; and use them here, evading California's per- sonal tax law because of the lack of a permanent address in that: state and dodging the Arizona personal property tax because the car is not registered in this state.

It is not at all unlikely that the increase in fees paid to Arizona will more than offset the expense

FORGOT ABOUT HIS WIFE

r». fin-cl 1mm‘ 4 c "nv , . 0 .1 1n.~.1n 11111-111121 1011.1 10.5.10 IDNDON’ June 2 ' w‘ smith’ .. Dec 1, 10:11 111.112 111.140 a laborer, told bhe magistrate he had (TAXABLE “w”, forgotten he had a wife when he 3 M N 1 w” 10m m" q" was arraigned on a charge of de- '_. no If. i: 1131111111? igilns iaiIio "Yiiim l l ‘ __ xi w TM

Stewart Jones 8= Co. Correspondents of ' a

Greenshield 8s CO.

Embers o! tlu Montreal Stock Exchange

-__-

81., Charlottetown

l8 Omit Gums

Mrs. John H. Weaver oi ‘Iloronto’

who has been visiting her parents,

Mr. and Mrs. Dobson Clark, left yesterday on a visit; to relatives it Union Corner.

ATTENDING CONVENTION — Among the Ottawa. people attend- ing the annual conventiion 0f the Catholic Women's League in Char- lottetown, P.E.I., will be Mrs. J. B. Lusty; Miss M. Ilickscn and Miss Isobel Keely and Miss Laura. Labey.

LOBSTER SHIPMENT-The first csrlogd shipment of live lobsters from Prince Edward Island bhls sea- son for the Bostxm market passed through Moncton Thursday en route via. the o. N. a. 11. u éxpwtea to be the fore-runner of many such shipments. Shipments from Point.

iDu Cherie. Pictou, have been going

forward to Boston almost daily since the sea-son commenced. Li

BRILLIANT STUDENT — M1‘- Willism G. Murchismi returned from Halifax last Saturday, and 1-5 summering with his parents, Dr. and Mrs. A. J. Murchison, at Clyde River. At the Convocation of tzhe Halifax Conservatory of Music, Mr. Murchison was awarded the MEX!‘ Giilivray prize for pianoforte play- ing; obtaining the highest marks in the test for teacher's certificate. This young gentleman also won the

f alumni prize for leading in the An-

alysis of Musical Farm.

::THE BIG PROVINCIAL EX- HIBITION of 193i commences Mon day. August 17th and continues until Friday night. Biggest prize list in history. Fastest and best

'4 horses wiu complete‘ The most i‘

thrilling vaudeville acts. Bigger and better Midwsy. biggest and best show by large odds ever staged in the Garden ‘of the Gulf. Tell your friends about the dates. Arrange your holidays for this carnival of fun bud edu- cation. J. W. Baulter, Secretary, Charlottetown, P. E. I. tf

Miss Florence Weeks, Winsioe, re-

pleasant week at Kingston with her friend, Lillian Newson.

EMBARGO ON WOOL ASKED BY GROWERS

MAPLE GREEK, $85k, J1me 26-"

eign wool be not permitted to wit" the Dominiioh until after the Cans. dian clip is cleared up. A resolution to this effect was passed at the nine teenth annual convention of the Saskatchewan Stock Growers, which opened here Friday. The resolution which will be forwarded to the Government, also asked for further efforts to establish markets for Canadian wool producers.

Other resolutions work of Hon. Robert Weir, Federal

W. C. Buckle, Minister of Agricult- ing markets for Canadian cattle iii the Old Country, and Mr. Buckles

with approval.

COLORADWS "HOLES F". GROUND" COST MIL. LIONS 0F DOLLARS

DENVER, Colo., June 26.—(U.P.) —Millions of dollars have been "thrown into holes in the ground" in Colorado.

Known for the gorgeous vista presented by her mountains, Colo- rado may become famed for the length and quantity of her tun- nels. Already she has some oi the most: famous in the country.

The Moffat Tunnel is the most famous of all and was constructed at a cost: of millions of dollars, for railroad use, as a cut-oi! through the mountains. The tunnel hardly had gotten well under way until it was the subject of s. controversy which had gone through most of the courts in the land, not to men- tion the Interstate Commerce Com- mission.

Railroads, and taxpayers, who must pay for the tunnel, are battl- ing over its uses.

The hig bore is 6.4 miles in length, and is but one oi 52 tun- nels on the Denver and Salt Lake Railway between Denver and Craig, Colo. Altogether the tunnels total some 10.8 miles.

The Denver and Rio Grands Western, another railroad, has more than two miles of tunnels in Colorado. -

A five-mils tunnel carries irri- gation water from the Gunnison River to the Uncompaghre valley.

The Bush-Ivanhoe tunnel, a part oi state highway No. 104, near the once famous mining camp of Lead- ville, 0010., is nearly two miles long.

The Shoshone tunnel, s water tunnel, near Cllenwood Springs, tn- tais more than two miles in length.

There is s 4.8 mils tunnel st Idaho Springs.

Central Guardian i

In fact the-

turned home after spending s. v'ery m”

Sheep ranchers are asking that for- I

praised the l Minister of Agriculture, and Hon. P ure of Saskatchewan. The meeting R recalled Mr. Weir's activities in find n

winter-feeding program, which met: s,

HM.

L

(Special to Johnston h Willi) WALL QTREET MIRROR EAYEI \

new vonrr, June 10-111. 111mm sun mu be looked ulll"! u bells! l“ purehnns on relations. If we were “elb- ing with s IIDIIIIII Illlrlist It vvou l: nuts to say thlt stocks have had lu _ flclent rsily but we are flelnI l": cholgolcul phonoinlnos and ss such t“: sltustioli is beyond ordinal! "I'm" " of analysis uiid deduction. The sud- ilsn outpouring of good news ths out luv duys has swept the bearish setu- rnsnts nnil figures Into ths bunk- ground. Furthermore, there II realm: to hcllcvs that more I001] news will be heard IIIIIII toils! ""1 "Y" i“ ivcelr and. The change for the hQNGP In ths sentiment of the whole world n» hrousht noun activity let-e "'- lous Issues Ill the stock Insrkst, lllll these professional MIQPIW" l" '5' ported laylnl Dllns for stead! "DWI"! movement In the share musket. n

011s expert takes the view thnt T_lis

rning Stock Letter

Wail Street Mirror Says:- Spectal to Johnston d: Ward

‘i?

in =4 Z-I

ths improvement noted both here and ulmmd. This Issue ll nus of the IDMuldIvs favorites n i929 and has done very little In ths current rally.

Another (IQQIQIIC In loans to brok- ers was something of u surprise. It laud been expected that the increase In trading would be reflected in the loan account this week. The totals to b; made public next Thursday nlionid show to whit! extent ths publlu has come buck Into ths stock market. Brokers report l big increase In rnsr- gln trading.

Another ulvsnee in copper metpl quotntloiis ls expected in the immed- iuts future.

The short: interest In "Case" is still reported of largo proportions because Ihl! advance in the stock has been stubbornly taught.

Mullins Mfg. Co. can be bought on this reaction. The some cs-u be ssld of Int]. Tel. IllfI Tel.

FLASH

Ilullrolil executives expect rats In- erv-als In connection with renewed ae- tlvlty in rail stocks this afternoon

real burlsiriu at the present market lie more in semi-obscure Issues with narrow markets rather thnn- Iu the handful of active lenders.” Foster Wheeler should benefit

New York’ Exchange

b!

(Special to Johnston i; Ward)

and which has been accompanied by the rumor that next week the I. C. C. would announce s general increase of 7% per cent-

The Montreal A Stock Exchange

(Special to Johnston 1b Wnrd) locks

- S Openlfligh|iioivllinst A Openilnlég/hilsigw Irsiisflx/Eiitgh 41111101 .. {in 5 w, is l R 1 say -.’ .. Allreg 811L101 104: 01/: 1% 01,5,‘ +21; |140 i110 IlfliliQl-itl Al viii-m . 120 1'1» 120 2 + 0t, Bra lian 10%| 211/, 1015;, 20% Al-Chal . 21m, - /,| 20%| 20v,- Build Pro A 1:111 (‘Cilbill ..| ‘l0%|ll2-%,[1l0l/4|ll21/‘ 1B1 (é Illoiver ‘A; 1,5 fni , ‘y -0_ ower Ain ii‘ i-iiw |.'w|',| any, am aw, +4511 Can c111- ieriy 121/, 2'“ liflhiiiiiitilfliiii‘ 13th I... all‘. $3.“? ’ " 53%| in ' e - 1 - a ' A (7 __ 30%| ,1"- 30 -|-1!/ (‘an Ind Aico .. 2 Ailtillli-Sigi) mmi/piiiixainiii/aiisix. T111: (‘an Pow Pap .| 11a or 1110 |oo A111. A1110 .1104 11110 pain/pining 1-114 6"" “i “mm -""" "flit-Has i112 £11111 01m» || m1.“ 1H1 any.‘ l?” ~51 go Tliriilfio .. :11 iaxygi r11 iilt hi0 . it'll/l till; 2A, ti 1+ a ex e .- end Av i18%|2l%|it?% 211,. '1' Gurds .. l'-’-'§ I an. s: l n 1510/ 40 n1" 2 H Brill: . |1nv|11v|1nw|11 11:11:11.1 fe 13%| 114i 10%| 140;: .. 1 Int Nickel . I 10111 101/1! 1571i 10% liyerix. ll anMII 201/1’ astflziill/i + ’/ {Ii s! W311" 1g :10 I (‘iii ‘ecla 8% — 1n an? 0 c n o Ale 44%| _ iii Harris n I c Pacific 2117. 20%| 2214i 211154-191, life-Front .. liiiiil in iim 1:1 (I do Pusco 22 23%| 22 I23$fi + 1,4 Mont: Power . -..i 4t! i 4tlll_.i -iti i-itlll, (Y-Nalrn . .| 11%| I _. Nat Brew .. ..i 211,41 2mm 2714' 2e14- Chens 0111» | as ‘aw, as 4014+: Power Corn . ..| 41 I 41 1101,51 401/, Chrys Mo 22- 2a M2201. 22- + ‘it. Price Bras - ~13" I I Col Curb 75% 75%I75 5 +1 Quebec Power Jilin/ii 371l- flti-V. 3T1!- [f0] c, 1111...; | 3314i 34%| 33% 33% +2 Rhaivlnlgan .. I 41%| 42W 41%| 421/, (<01 (it-Mo, I 11%| | | _ 9 of (‘annda I20 I 201,1,‘ '19 I211. (‘nrn Cred o1~/,|1o01/,|11154 10o +_=y, via" Ills I14 I15 i (‘out (‘an |‘n:1 llaavwrn \nai/,+=i/4 Win EM Pfd I55 1 i c1- r.i:1'/i:1 131/ 5 +4 iiriYn-gnf-io ‘ ‘Nil/fl. 11% 121,21 101/, + 1/: BANKS i . 1:21 - lleDupciliit .l 80%| 9014i 8014i p01‘, +31%, (‘ommerce -.~. ...l2i-'l i214 i2!!! 1214 . r 1.: |~12-"y.|11v_.|42-'v.|1i1/1 +214 Rorni .. .. ...|2-1s |241v_.|21s r2111;- Fox Film \ 21%| 2i~ | 2114.1 21s; + at ‘(ten Inn-l; ' annull 4n I1 41-,<_.I| 4r. +105 Jen Fools 4 40, 45W Iii - (inn Mu | 10%| 30%| iislzl 30y, + at "BEER J‘ FALL Gen R |n1 | t - i igjiflifigiffl,” i 3%,‘ "h, 14 1* : The death of Heber Joseph Fall grigsbyn“. .| 4 | | - occurred this morning st his home 1133s 1n, i 1311,!’ 40%.’ H i“ t1 in Newton Heights after a. linger- Himn M0 I 8% i — ing illness. He was born in Cra- Iiii giggle i iriini ifii i; Hill“ it“ ‘paud, P. E. 1., and s the son of 5.11mi“. §I§‘III-'f;§1‘/;I+I% the late John and essie _Fa1l. He . f . . , . . - gren (22,, ,,I| 24%| 2511:: 241,1: -_i41j,_ y; was thirty-eight years of age, and 111m‘ .0 .. 101 2 101/ 111/ +1 " ‘ y 1-12 My B .1 7R “i 71%| 1a 8i 100i. +11; came to Moncton about: nineteen Loews Inc | 4n til/gt 44% 1111/. + 1/, years ago. He was a former presi- _|i 1R9‘: ‘M, m,’ I dent of the local Blacksmiths Union p: Paaifiol .| 3r 1'11‘ | 25y, 2y. 44:4 No. 460. Ijle was also a member of Efiflhnidfl,‘ i‘, 3'...‘ _ ,2, 5Lfz| 5.5, , Tweedie Lodge, Afr". s; A. M. Sur. 1M1 e -< flflll- ti M 1W1, I18”- + ‘if. vlvingsre his wife, formerly Miss 2 no $31M 5n, M23’; Alice M. Lutes and seven children, w Km (‘E0 Iijmzliiifvli g2” Liliilsn, Elsie. James, Ena, Gordon, our 1a.. |'n"| 11/11 s’ s14‘- ’ Robert andHebenJunior,lourbroth n; i”'"‘"i’°"w”"*i e- m» we» ed R- C» e we Pen: 1:011 ‘a014,! a2 1.10%. 111% + ‘it United States and Fred, of Cra- . NJ an sml s1 s1 not, llsdlooCp i 2i i 21%| 20v, 21 i, paud, P. E. I.-—Mbncton Transcript. n KRO .1 1‘ lib’ lib‘ 13*‘ "l" §',',‘ I "s? __| m“, ,,,',,',, m“ {Qyfrfgi SCOTSMAN DESERTS DOWNS 5:1‘; 2P2. '|'i.i'§z'|i%""| ,1. F” “mi °‘“F°‘“‘"" 1 O . '. I s Roebuck fi7l/.l new 51%| new. +11/. -—-— 15;" cfeiv i 113,31,‘ fag-Ii 114;‘? llgwl; V ism memo. c111,, June 2s (U. P.) s Pacific“ 81'| ' |+ri 1 —l-iere’s a. Scotsman who probably zmiiliianriilia" i m 38v’ a” iily has saved a lot; of money in 54 years q t1 Filec 10113105511111 003414-21): of work, and 110w he's going t0 i} 9-, ‘f, [i xii-ii find‘ if“ spend it in Southern California. g o orurl 1W 1111.11 111w inu- 1/. John Watson, wltlh a burr that: ,i|1-_>n1%i| i1: I 1,», would trip a. goat, arrived today fir: Sail w — j;- from Glasgow on the Pariama— n rim-m“ _'|1¢'ig1/,| iii/finite“, 114i2|I41z Pacific liner Virginia. For 54 years ii“‘.‘. 1.2:." ~| ail m h» h» be» emper- by um- u s 1 Alco mail" ‘b21111 2511.1 '1 the Hyde Park Locomotive Works, S Rub .. 1111,41 + 1/, 1 i‘; 5 gt”; _||<,_11,5|m21 PM 1m +12‘ pond I have never tikenlakndaycs “IIJIHIQIQFI n32“ 32¢.‘ 25;}. ngmulz vacation, or was off or sc ess, -- '. s a .1 ‘ h 1d Wes 11111011 |11s | +1 H“ - _ Q13 I ($211 3% gggziilié "All I've saved is to be turned in- W-Over‘ L . 4 ’ H. 1/ to fireworks now." ,,.',’_‘;',h°°,, --i "gt-i "Quhhgffil lsgpfilxfé When Watson left: the firm's ser- Y 2r Coach '| 01/_.| '| ‘|_'14 vice, he was presented with a huge