1 s

i i

»

2

- 1

'33$d£“_F"*3$hs$dl

MAY 23; A _~ I. |115 _ \.11P\l¢|.A) l`l [gl llivlal 4 _ H 'B l 7| 'AWE ,IVE

E; -gg e- _ saL__e m xii. __,

_ .. .N ,... .é,,,..T_g4

*_ 1:1.,

_ zen 5'; ~ '.5'

YESTERD ’ ocK andso D Q 0TAT1Q_

_.___-~ _

'11, ' - - ii '42 = Y _

iiiiiitui lu. iuiui

1' (0, P. By Guai-dlan'l Sllwlll Wire! , MONTREAL, May 22. - A firm -; pi-lo, trend by most of the leaders fr ,ive me lui or the ruontreai stock 7~ gxgnapge a constructive appearance Z' may with turnover showing only a .. ,ughg expansion from yesterday. .. Development of Quiet strength in I. me Wall Street market furnished a

helpful background for security

" mdlng here, while business and in- ' oustrial news was- again of a cheer- .' ful nature. Specialties occupied the

umolight although one or two metal rtocks and shares representing sev- eral industrial companies who have reported good business also showed trengih- ' 'Expectation by traders that Na- gooal Breweries, Limited, would in- nesse dividend payments this year lollowing business iinpruvemeirt. an expectation that had caused heavy buying during the past few weeks, was not realized and the stock was pumped heavily, losing a point at 94, The Company today announced payment of the regular quarterly dividend of 40 cents a share on the aommon stock and 44 cents on the preferred. ' Brazilian was one of the active leaders following the report of the company eannings for April this year had increased $109,000 over the mme month last year. The atook closed with a gain _of 'A at 125. To- ial sales 16,375 shares; bonds $0,550.

Currencies

(Canadian Press)

MONTREAL, Mlay U-The pound sterling showed quiet strength on Montreal foreign ex- shanles today while the United states dollar eased siishtiv and the French franc remained un- changed. The pound rose 11-16 0! s cent at $4.91 3-8 and the dollar assed 3-32 of one per cent at 1-8 I one per cent, , .ilsco-int. The tranc held at 6.118 cents.

NEW YORK, May 22-A moder-

ate advance in the pound sterling was the principal change in the foreign exchange markets today. The pound, after touching a high

im- the day at $4.93, closed at $4.92 1-8 for a net gain of 1 1-4 rents. The Canadian dollar was ruoled at a premium of 1-8 per rentsgainst par yesterday while the French franc, closing at 6 58 1-2 cents, showed a gain oi .00 1-8

MONTREAL Ma 22-There was

ket and prices remained unchang- ed from previous closing levels. The first local butter auction of the scasonwasheidwithbmboxesor no 1 Quebec butter se 8-4 cents a pound and 200

no 2 at 20 1-8 cents. i

No 1 grade butter was sold on

the pr`to.duoe masks; at 201;: to

ce a. poun or car cr

:rss with receipts ti;>tal.ling 100

Xa, &nal1 lots retailers

brought 2 cents a pound for solids

and 23 cents for prints.

'I’hecheesamaretwas03-4 to

0 'I-8 cents a pound for current no

1 Ontario.

New Bermuda potatoes in 50-

pouud crane brought 81-50 to $1.75 and new Florldls in 100-pound .bags $2.00 to $2.50. South Caro- lina no 1 in barrels sold for $5.25 lo $5.50 and No 1 in 100-pound bags sold for $2.50 to $2.275. Old potatoes were unchanged at-85 to 40 cents per 80-pr/uud bag of -Que- becs. 42 1-2 oests for New Bruns- wicks and 45 cents for Prince Ed- ward Islands.

Miv.. CURB

E E. 28

_._

Stocks Opened Last

Abitlbl . . . ... .. . 05

Assoc Brerv Bnit-Auicr 01| . Con Moll _ .. :Champ Nil pid .....

Con 1’ni~i»r ... ..... 110 Dint Sent .. 10%

Ford of Can A ... 2'! Homo.0ll ... . 68

21%

lmp Oil . lmp Tub ... . 13% intl Pet ... .. 38

05

13 13 lil 16 83% 32% 'I 7%

100 16%

26% 10 22

13% 38%

Xialchera A . . .... ill/ 9%

Nnriinaln ... . ..... 4215 3250 Tack Hiiizliea ... . . 420 4 8

Walker iinnfi ..~ 27 Wright llnr _. S50

27 S50

New York Curb

¢.ioli`nuc|-` au-i \\'ar-in Stocks 0l»e|\erl Laal

Amer Cynu B .. 1915.

Amer Gris Elec .

Atla C ..

.’.'»i-J

s or|» . .. .. il‘)r

Can lilnrvnul . IM. Citiel Serv Cc 1% Elec Boiril .\'lri|ro lily, Ford of i‘:iri A 'Ali'/5

uulf Oil i'cn|i 71% 71 1-lum oil in-f iii-3;, M55 imp ou mu :vs_ 21% Inter Pot :Lili/, lid*/, Niag Huii 4% 4%

25%

10 5?. 1% 052 35%

ml

stand on it-rr :ci/.

efaeent. " ` `. . ..

Siund Oil liiil

20%

Uri Light .Pow A ..1 1

I

..-.---..-...s-».. ..

-_ nord Other ratn an application

'. linlmum Charge for any advertisement twenty-(Iva nada.

BA'l‘l1-2a pl! Wd, Ihre Inner

liaua for the price nl ¢wo,_ airleclg payable lb ldvnnoe.

For Sale

F08 SALE - AUCTION FOBTY- Five. Bridge and what seem Cards. Guardian Central Joh Printery. Nov. 1-tf. hon sam ... nasvrr .snowTv Paper aultablo for placing under ruiis, e“c. Guardian Oifice. '

3-27-tf.

F011 SALE - QUANTITY BUCK- wheat. D. A. Mckenzie, Dundas.

L-7430-5-23-41.

F011. SALE -- FOBDSON TEAC-

tor in good working condition $150.00. Austin A. Scales, Free- wwn. L-7332-5-21-Si.

i_____l, STRAWBERRY PLANTS, 750 PEB

hundred, $1.00 by mail; $4.50 per thcusaud. 1". B. Reeves. South- Dort. L-7310-ll-20-Bi

FOR SALE-CHOICE -BUILDING lot in Bt. Avard’s, size bil x iss, price reasonable for quick sale. Apply 20 Park Street or phone

g 262-J. L-7375-5-21-Si

Advertising liates-Payable in Advance

Central Guardian ineala, de pu word; Western and lilaasera loeala, ic

Mr, wonl- Announcements and Coming lvauta la fr worli Ciasallol . lc. per wonlr In llemcriam Notices. 701| per lnohi ills of llornl and, .

i Spiritual Dlforinls, Carrll, els , do per damn Lotion ol Coldolencq 1011 .

por llsbi Nntlora of Thanks and Apprerlcfon, 10a. geo incl or do. pl -

Miscellaneous

SAVE AND BE SAFE. THIS IB

best accomplished by buying long term endowments in Sun Life. We have s. policy to suit your every need. Seo J. A. Moore, Currie Building, Charlottetown. L-7540.

WE HAVE ANXTIIING AND

everything in the small rubber lines. Order by mail direct from manufacturer and save 75%. All orders are mailed postpaid by us in plain wrapper. Mail order catalogue sont free on request. Novelty Rubber Mfg. Company. Box 258, Dept. K-11, Hamilton. Ontario. 5-11-131.

To Lei

IDOMB T0 I-E71' - FURNISHED or unfurnished. Apply 288 Grafton Street. 11-7852-il-21-31.

T0 LIT -- IIUUSI, I! VICTORY

Ave. Phono 034-J.

L-7355-5-21-81.

'|10 LIT- - 6 SUIIIIBI 00'l'l'AG1i8. Apply D. W. White. York Point.

L-7881-ll-22-31.

FOB SALE _ 0Nl OOOKING

stove equipped with oil burner. Will soil stove or oil bumer sep- arate. Apply lil Rnchford Street.

L-7432-5-23-2|.

l:==\ ------rs

BUSINIAS STAND IDB SALE OR ronton North Bedoque on the

Borden further par- lioiilarl ply to P. N. Tucker, North Bedcque, P. I. I.

1.-2400-li-28-ii.

wo'-1. wanted

wants Anrlyrtiuard ian. L- 414-s-23-Si.

’llUl‘l,('lAl-‘ NUISI “IWANTI “n.2§01$3§&,"P“`

' L-7804-I-i1~lL

:mmm wmns was mm'

_.gmt ltieot. ~ ° ‘

lbmummu annmsnuarac

l

111'! SUMMER

° lghtoo Bharat., X22

_ L-021,14-28-21. 'l'0 I-IT -H MOD!!-N llvlrl room house; 40 Victory Avenue.

L-'M0-5-21-li

FOB RENT-IUINISBED IIOUSI

to rent for summer mont11|._Ap- ply Guardian. L,-7370-0-81-li

INT - IN IAIIIIB

FOI- I rousing, central st.. Summer- aidc. restaurant with every con- venience. Ag; M1100! lilitllili

1 111811.

'°' P" °"' 1.-mv-s-si-ai

. Y

a generally steady tone on tho _ (ly Montreal dairy and produce mar- *_* 4,, 4%

u' 125

12 0% 21'. 10

Batlirilrai: A . . . ... ..... Bell Tel . . . ... Bras T L Pow ... .... B C l'o\v B .. -... Bruck Silk . . .....

Can Bronze .. . .. 24115 Cau Cnr- Coin ... ... 7151 Can Cnr pfd . ..... 15 3 Can i'r-1 vom .. .. 23

Cau Ceu PM ... .. 101".-'; 101% Cau Ceui Com ..... 7% 7 Cali Coin pfil .. 571,43 50 , Can lI_v<lr<» lllcc Pfd 43 43 ' can inii .ii .\ , , oc; sig l c-ii ina ii '~ __ av au

Han North Pow ... ... 10% 11’ Cali Steam ii... _. '_ 2 (‘an 1’iic ._ 1; 11%. i co.-rriiun view 1; 1%!

I Cons Suinit _ . l7D’,.'> |Dou\ Bridge 20?, .licm Coi1iI’fd ._.. 134

0% ` 2% 10 _ 20% | 7% . 14% 24 I

<5.

182 i 301/1 134 1

j our Tex (Yom

Gen Steel Wales . .. 4 31'. I

6 . Hifi f 9

Gul-dl . . . ... .. 6 1 ‘i_vpsiii.u . . _ ... .. 51;, llow Smith Psp . .. 0 iiqll Gclrl Mine: jl~iS.’i

_ iutl Nickel .. ..... ESM -intl Pow . . ...lilo

iam ‘ S'-81”. iso

Wire) I

MORNING MARKET LETTER

New Yoax, N. Y., may az-

./ifter an irregular opening the market rallied until mid-afternoon yesterday and then reacted a bit

at the olose.'1'bere has X: some increase in aotivity~,1n lower priced issues indicating a. broader mterest in stocks, but the leader- ship of the market still rests with the better grade - higher- priced stocks.

The Presidsnt’s message on the

Bonus Bill is expected around noon

y and may have an important

sustained, a good test' oi' than

s uarket’s underlying strength liould be given. A reaction that holds Saturdays lows would sug- gest that there has been less buy- ing purely onthe potential innat-

:cds

Il Ste .. -' ',, ~ » » - ,,°”‘ °‘ c°“‘ B 7;"-' 7;* i :aN.ar-.ng on the market. If the veto

i

` Sl

.

1

limi Pow i‘ni is

lliissey llarris .. 4% .\(cColi Front Oli .. 14 .llout Pow ..... ... 285'. Nail Brew .... -... .'14-7; Quebec Pow ... ... 15 Bt Law Porn ... ... ...105 St Law Pfrl . .. 5% Shawinigfin 157%

IGS

Sherwin Wil 1.! Steel Co Cnn Com 48 Steel Co Can pid 4315

_ ` naivxs

Commerce . . _ . .. . . 150 Montreal .. 175 Nova Scotia . . 282 Iloyal ... ;.155 154% Bank of Canada 04% B2

lEA{(ZFiAiFV(2l?

_-____ 1 wanadiau Press)

bv ve

ciosed today as followsz-

Argen-tina peso -2598. ' Australia pound 8.9210. Austria schilling .1882

Belgium belga -1091. Brazil milreis .0555 China Hong Kong dollars .6045 Finland finmark -0218.

France franc .0658.

Germany reichsmark .4020_ Great Britain pound 4.9138.

Hoiland llcrln .6758- Hungary pengo .2960

India rupee .3'110.

Italy lire .0821 Japan yen .2888-

Now Zealand pound 3.0612.

Norway krone 2468.

Poland zlotl .1890.

Bouth Africa pound 4.8873.

Spain pasta .1304_

Switzerland franc .$280.

discount.

Closing exchange rates :-

dollar 09%; franc il 58.

At New York-Pound 4.02%; Cau-

ndlan dollar 1 00%: franc 6 58%.

At Paris-Pound 74.43 fr; Canadian

dollar 15 18 fr; U. S. dollar 15.18% francs.

In gold-Pound 12|; Canadian dol-

lar toil 38 ceail; U. 8. dollar 50.34 een s.

change s ai '_ rea 403; lovv 402%; olcle 4 00%; 80 day bllll 4 5)'/|~ li‘ra|\r-a 6 58%: Itnly 822; Belgiim 10.91: Germany 40.28: Canada 1.00%,

Miscellaneous

(Canadian Prem)

MONTREAL. Mai' 22-

Wheat, nor no 2 94.

Barley, C W n Oats, 0 W no 2 Oats C W no 3 Oats. feed no 1 Flour spring

firsis $540.

Flour seconds $5.00. _

Flour bakers $4 D0. Flour winter wheat patents-

choice $230 to 04.00.

Flour white com S 85-60- Bran ton 27.25

Shorts ton Middlings Rolled ca Kay no 2 Cheese no

er ° s _.'!.“"

§'. sg 3

Piitentd.

Q

§§§3

U>>; sH*°

'&§~ -a‘§

iff -” -5 ses °ESss8, gsissgg

r ;“s¢F S

e§&3 __ 53

20 3-4 to 21

21. ‘

um 21.

Em

Eggs U 19- a Potatoes new Bennuda 50': li-50

to $1.76. ‘

New Florida 100's $2.00 to "F50- South Carolina bbls No 1 |535

to 85.50. -

Que 00' R. B.

P, li. I. 80's 45. Naw Yonx, my 2-1-The -4Il°¢~

lated Prula wholesale price index of 20 balie ’commodiiiea today ad- vanced to 'I2 80. The previous day its wal 'NHL I week a¢o` 12.61. a moanr ago 10.15. and I yn! ago 00.50.

1%.UF'§i¢ht'l5'4lt1g:v.% 70

me alfa 'nfm'; 1os4 iow s¢.ei.

§§ as is

(Tha-lid average equals 100). » Readjustment In

-a---_ g

uumuasawmng%2p%§{f%§NNua~uw'macuad

lt Bt.

'°°"“°‘°"‘ 1" mr?-gfasc-:ri-ai.

rated

IINCID MAID I

m ooimtmlii-

. " 1.-vans-1-as-ai.

w nv* so 1 mann

rcduetionsia intaruinioahava

SIE# at lllitliiiil tiiivigi __i’ = is-itil? .55

ai

»°%“*fff`iAnAunu

48 4%` it-1, M. 16

15% 13 41% 44

MONTREAL. May 22-British

and foreign exchange in relation to the Canadian dollar as compiled

the Ro 1 Bank of Canada

United States dollar 1-8 per cent

At Montreal-Pound 4.91%; U. S.

NEW YORK. May 22-Foreign ex-

te i\ G t Britain high

1038 hi h 54.10: 1055 low 88.81. 1

‘ Banking Business

li ‘lt ki.

onary effects of ‘the Putman 'Bon- us B111 than might be supposed.

Laidlaw and Company.

SUMMARY

Nrzw yonx, N. Y., nity as-

Gold bars in London 141s 11 1-2d vs 141s 5d Thursday. l “Iron Age",says steel operations during past week declined to'43 percent from 44 1-2 per cent.

I President Roosevelt to reed his .Bonus Bill veto message to Joint session of Congress around 1:30 New York time today.

Public Service of Now Jersey de-

clared dividend of 50 cents on common, previously paid 70 cents quarterly.

Symdi/cate _oilfea-ing $15,000,000

ten year 4 1-2 per cent debentures of National Distillers Products dated May 1, 1035. due May 1, 1945 at 100 and accrued interest.

Chesapeake and Ohio, four

months ended April 30 eamed.$1.0’i

share vs. 1,19 in 1934 period. De-

ccmmon dividend. _

Ford Motor Company has restor-

ed the $6 a day minimum wage cale throughout all its Ford and incoln plants, some rate,in effect as in 19291 ‘ ' ~ _U. S. ‘Electric power output in week May 18 up"`3 per cent vs gain 3 1-2 per cent in previous week as compared with 'like periods in 1934.

High _Low Last Up

so me ._ iiesi 114.51 115.56 no naus :usa 31.19 si_zo

_ mga -` Low

ao mu _ lass 19.25 ross so ponds esac

Dow Jones.

BANON SAYS

.89 .10

. Off

.06 .10

MONTREAL, Que., May 22-De-

velopment of pronounced irregular- ity near close yesterday coupled with the facf, that prlom dl/pped rather easily from the highs of the day suggests that the early at- tempt to resume the uptrend was more or less a failure. In general, prices continue to hold within a nor-raw range, but indications fav- oring further correction from the current areaihavs hot been altered. On weakness buy Artchi-son. Gt. Nor pfd and Southern Pacific.

a clared regular 70 centsquarterly,

a L

The gold index' closed slightly higher in Toronto yesterday. Daily appearenoe of new futures of weakness is not satisfactory mar- ket action. In general pressure in gold shares has not reached a point that would be definitely bearish. For the present I suggest

I You retain long positions, but defu' , wiirchases temporarily.

Banou.

BAN 0N’S "NOON LETTER”

MONTREAL, Que., May 22-

Market rallied this morning. Prob-

| ability still favors reaction. With - price tendencies in the leatilier and i moe industry now trending up- ; ward and general demand likely to be sustained, it seems that this

» industry ig about to enter one of its rare periods of profitable oper- ations. Suggest moderate purchases at current level of U. S» Lealtber class A for a long term swing.

Schenley's bullish action is ac- ooiupanied by rumors of a. dividend beina declared possibly on a $2 an- nual basis.

With Fall and Winter woollen goods recording brisk demand' it is small wonder that American Wool- len pfd is enioying an active fol-

low . R:.i`icad loadings are steadily

approaching the levels of a year ` ago. In the week ended April 27 loadinps were 8.8 percent under a Yell-1' U80.

Greater stability than previously

anticipated seems assured in steel prices for the third quarter of the year on the basis of schedules fill- ed by producers with American I and S Institute.

Int’l Paper and Power Co re-

norta ner; earnings in 1934 increas- ed to $9,'li1.517, but statement not comparable with previous year owing to balance sheet ohangm. Brazilian reports not earnings for April at $1,307,947 vs $1,198.48! in April 1934-

Banon,

' FLOOR. GOSSIP '

Loews acts as though it is going

up due to good buyingé Union Car- bon, Woolwnrth, U. - Pipe all have strong positions and buying is of the best. Collins Aikman- stock is up a. couple of points, but understand people who bought lt at 11 took it around 13 today, acts, higher.. General Electric-mostly traders. Socony Vacuum-heavy selling comes in on any rally. Col. Gas and E1-big book on both sides. Am. Bank Note-quiet, but insiders still long. Chrysler-looks higher. Std. Oil of New Jersey-good buy- ing today. ‘

Laidlaw and Company.

FLASH __ President Roosevelt in Bonus veto message indicated opposition to any bonus save possibly payment of present value. Called idea that spending is way to hasten recover “.so, ill-considered, that little coni-

. ment is necessary.” Assorted that

tulle; credit of- U. S. is safe, but warned it cannot ultim.ately be safe if we engage in policy of yielding Lo all groups able to en- force upon 0011819-S claims for special ccrisideration. Said com- plete failure of Congress to provide additional tones for additional ex- penditure of this Inssniiiiidv Wvilld ‘alone warrant disapproval of this

_ 1116081119.

Maritime W.M.S.

At Chatham, N.B.

Tire annual meeting of the Mari-'

time Ccnference branch of the W. M. 8. of the United Church was held in United Church at Chatham. N. B.. on May 15th with the Presl- dent Mrs. L. W. Parker in the chair. Mrs. F. H. Holmes gave the visiting delegates, numbering about two hundred, a coi-5111 welcome to the Miramichl. on behalf of the towns entertaining them. Mrs. A. F. Baker responded. , _

The reports of the branch offl-

oors followed. There are 501 auxil- iarirs. with an annual membership of 10,073. The Treasurer reported

quarters during the _past year to have been $75,000. _

The morning session closed with

I most impressive Communion ser- vice conducted by Rev. Dr. F. 1-I. Holmes pastor of the church.

At its close a delicious lunch was

lervod in St. Duke Holi by the

tin church. he devotional exercises. in

the President in her

to the celebration tenth anniversary M. S. Ind recalled

history of the Mari-

our pioneer ch as Miss Bllskadar. owiias over ~ missionaries'

_ _ rvioo-or retired. miuona.ries_ _ pmsent at.

wsre M Bessie dad; Beryl

_ _ ss Alicsj Gordon'

linstorn llisdcmand ws. Nor- rio Anderson, forinsriy. .miuienai-y.

.gilggi gang? _els ;g§§§.;-lily? .ggi ggggég at

l 5

zsrtstfasctirs::'1u2§::;;:sc;:sgg2g

<1 twoimiansynunurmmmmmumgia-

Kilt in the work. Miss Minnie H11. Baiifear. Supply secretary.

mb hor audience in imagaticn to V poor holdll and pictured poor diildian in 'i°rin`dad receirina gifts of clothing and poverty stricken

Lakador receiving W..

siwrm nu

.uiotsr societies of Thea. Parker ro-

Amean Ohuroh and

Pmbyiman

ua mum. ur-:ook or.

it 3

Eames led the devotional exercises and also brought greetings for the Maritime Conference. Miss 'Bessie Bentley of Trinidad was the speak- er of the evening and gave a very interest‘ng address on the work in that place. The Canadian staff now g comprises twnty-nine men s.rid| women. Trinidad is faced with many 1 problems of vice and the work of‘ the church is now more necessary than ever before. _

The devotions on Thursday morn-

ing contnued thr: series of studies in "The Way of the Kingdom.” The morning and aftemom sessions dealt largely with the hearing of reports. election of officers and delegates to board, and appoint- ment of standing committees. Mrs. L. W. Parker was re-elected Presi- dent for the coming year. At the

th* Wm “m°"~“¢ "mmm W- h°“d‘ ' evening service the beautiful

pageant “Behold the Light" was presented by the C. G. I. T. girls assisted by the Junior choir.

A very interesting address on

India was given by Miss Beryl Mcr- son and brought the work being done by our missionaries more clearly to our minds and eyes. The meetings, which were the eighth of the Maritime Conference branch were some of the most successful yet held.

(Patriot pleasrcopy)

All( 'I0 UTI!-IZ!

_ PEA1' RESOURCES

_...___ (B The Canadian Prem) "DUH{1’N. May 22-The govern- mont bla decided to send a commis- sion to Russia and Germany to

stag ,utillmtion of peat resources in _ _ countries following a leo-

ture in 3\ublin by Allan Monkhouse former is! engineer of Vickers Limited in the Soviet Union. ills. llcnkhouse. welcomed to

Dublin by tht ministers _ror finance and industry and commerce. dc- scribod the Soviets’ methods of _us- ing peat as a fuel for generatihll stations. At present, the Free State 's obliged to import ooai io run the generators which supplement the Shannon hydro-eleetrificaton scheme. The Free Baits is uamow ti”

s0ulIti‘l\l" of wor possess ng tho largest peat resources and tmss ave practically undeveloped. An of- tort is now being made to popu- “rice tar! (dried peat) instead of~ coal. Free ltate deposits of which

(Canadian Press)

'Ibrcnto and Montreal-Indur

trial stocks closed higher.

Toronto Mines - I1-regularly

lower. New York-stocks slightly

higher.

Winnipeg-Wbeao up 1-4 cent. New York-Cotton, rubber and

sugar higher: eoffeo lower,

llflliillltli

- (Canadian Press) TORi0N'I0, May 22-The Tor-

onto mining market did the hesit- ation waltz today and at the fia- ish prices averaged down' slightly from the previous close. Golds ap- peared mildly disturbed by the un- settlement of exchange and the disoomforture 0,( the European gold bloc and the auvers failed to cap- italise the .strong advance in the price for bar metal, 'I‘he only buoyant note appeared in the base metals but oven in this group, the day’s best prices were not main- tained. Volume was little above the half million mark.

As in the previous session, Nor-

anda was the market leader, ad- vanclng to a new high for the movement at $43, the price attrac- ted offerings -which calmed loss of some of the advance. Closing at 42.75 the price was up 65 cent.

Hollinger sold down 10 cents,

M/=15i1W1°¢. Dome and Wright Har- greaves 20 to 45 cents each while Lake Shore added 45 cents.

(Canadian Proaa)

TORONTO, May 22-

: 5¢°°kl (`ln|e

Bobjo

Brlldiun .. Iiralorne ..

... ... ... ... ... ..... &

- - ... . . ... ... 200

. - » . ... ... 67.7

ix 11. X .. . . 121,; Buff’ Arik ... . . .-- ... ... .. 274

Bunk Hill

Can Mai

(larihoo . . ... ... ... 120 Caltlc T . . . . ... . . ..112 Con Pat . . . ... . . . . ... ... 48 Chem Res.. .. . . .-~ ... .. 140 Chiboug . ... 201/4 Ciericy _ . . . .. 0. Ccluinsrio . . ... .... 11% Coninrum . .. .. 200 ' D Mines ._ . 1230 Dom lixlll .. .. 6 Eldorado ... ..22ii F' Bridle . . . 305 Fed Kirk . ... __ 3% Gods Lake ... . . .... 146 Golconda . . ... L. 35 Goldale . . . . 12

. . . ... .. ._ 5 ... - ... ... 80

Gold Belt . . .. . . ... 35 Graham . . . ... ... 3% Granada .. .. . . .. 35 Grandoro ... . . . . .. 0% Greene . . ... . . 25% Gunnar . . . .. 84 Harker ... ... . . . .... 5% Hollinger . . .. 1490 Howey . . .. ... -. .--. 80. I M Cons .. . . . ... ... .. 15 Kirk Cous . . . . ... 4 Kirk Luke - ... -- -... 40 I. siren- ._ _ . . . cioo Lama Cont . . . . . ,... 4 Lee Gold 5 Lime 1.1.... _ _....500 Maesssn ._ 151 Man East . . . (115 Maple L .. . 6 biclntyne 4225 McKenzie .. . 124 Meuiiiun _ . . . isis lifcvittle . . . . ... 17% McWatterl .. . . . ,, ,. 140 Meri Oil ..i .. . ... . ... 23' Mid Oli . . -.. . . 88 Min Corp . . ..1.'io Morris K . . . . ... .. ... 88 Miifiihy . . ... .... % Nipirriuir _ . ;. zoo Ncranda . . ... ... ... ... 4275 Nor Can ... ... ... ... ... .... 22 0’B1‘ien .. ... ... ~-. ... ... .. 48 Olga Oil .. ... ... .. ... . ... 5 Paymaster .. _... ... ... . . .. 26% Pet Cru ... ... ... ... .... 7 Pick Cro ... . . . ... .. ..248 Pioneer ... .. . _ ... .. .. 35 Premier . . . . .. .,182 Pros Air . . ... ... ..1S6 llead Auth . - . .-. ... .. '67 Red Luk" . . . ... .. E0 lteno Gold . .. ..... 158 Roche . . .. ...i 7% iioyaiito . ... :sooo San Ant . . . . . . ... 380 Sarnia ._ . . . . .. 13% Sheep Cr . . ....101 Sherrltt . . . 88% Slscoe. . . 80% Sou '1‘|b .. . 10

Stsd _

a .. . . .. 23%

St Auth , ,, 19% Bud lliisin . . ... ... .. 153 Bud (Tout .. . .. .. .... 7% Slllllviin . ... . . .... 01 Sylviiulic .. . . ... .. 230 ’1`i\sh<=i=i 2.- . . . .aa Teck ll . . .. 418 Texas l.‘o . . .. 418 Texas . . . .. ... ... 88 Toburn . . ... .. .. 1'_’2 T0WfiKii\nc .. . . . . .. 20 Vnusoiii . . 2;: Ventures . . . _ . _ ,_ gg Waite Amu ... . .. . .... 85 Waynlilo 17% white i-:ug . ._ su, Wlltsey. . . .. . 41:, Wiiiriii Ii . . .__ goo \'n\ir .. ... . 441 Silver _. . . 'Inq 'i'otsl siilos 503.000, '

r.'r.'|.r.~i'rr:n

'J

Aldermac

Can Kirk ... ... . . .. ._ Cen liinu .. .. . . ... Iii/, Church II . . . ~.. ... .. 37, fahifloii . . . 321| `°Ii-- ~-. - ..._ if mi ou . . . six' sat Cr .. _ _ _ ____ 3 Gllbsc . .. .. .. 21,5 Home Oil . . . .. 0.1 Bud llnr . . . . 1515 Lake Mur .- . . .. 454 Label Oro ... . . . . . .. 0% Malrobic .. ... _,_ 11,5 M1110! -- » . . .... 10 Norden . . ... ... . .... ii 0i1Se1.. . . lil; Park Hill . .. . ... 23 Plnd 010 . . . ... .. 81 Pore Cro . .. 4% Ritchie -. .. .. .. 2 Robb llont ... 2% Sud Hinos 7

SANTA ANITA RENEWAL

UB ANGELB-(C. P.)-The

Sllitl Anita Handicap, richest turf prile of the year, will be renewed next year and perhaps with an .-raced value or »iso,ooo instead or 2100.000. Fred M. Aiger’s reformed' Jumper. Alucar. won the event last spring, win_nin¢_umt siomooo.

'Till B0!Al.

SYDNEY

aanwoon" A

W.-I0; P.)-The controversy that Inrwoodu fast

in 1003 has

A mechanical

to teal

ears 5 fist. Efgigéi i-‘-

El

*¢"i7\‘l°.i»_i°¢lbiil¢\lll-~ _

3 2 5 pi

l55oc7l¢1rqgve '

--___ _,

Shells ' onus Ian (Quotations furnished by Jobnssoq and Ward members of the Moat f:'irr-fliiuieaskfifi. gui lim :use cirariaiieuriui. ° °“ '°°°

54063! Opened, Last

Air Red . ... ...182i',5'¢ allied chem .. 145% Allis Chslm ... ... ... 10% an ner .. zum Amer Can ... ... ... 12

Am Can Fouul ... ..... 13 14 .im For low . af/, 3% i$r£`w'1.iirt" ' `° U 'S

ow g .... 31’ 3

Am Rau . . ia* 14552 A.m Smelt llfg ... ... .. 40 45% Am Sugar . . 03 63

Am Tel Tel . 120%

mi; 140

111% 26% 121

A111 Tab B . .... ST’ An Copper . ., ,@1152 stoiisiou .. 41 Auburn Auto . . .. 2054 Bald Loco ... ... . 2% liuic ohio .. 11% Burn A .. .--. 9% Bun Aviation . . ... 14% Beth-Steel ... ... .. 21% Brisas :io Byers A M . 15% Burr Add Mach ... ... 10% can ou , . . . . . ... mv. Cen Dry Gln sis io Can Pac ... ... 11% Case Threah . . ... 58% Cel Corp . 24 Com Sou . . ... ... 1% C0112 Nairn . . ... ... 34 -Chas Ohio 4.1% Chic North ... .... 3% Chrysler Moi. ... . - ..-. 48% Columb Curb ... ... ... Bill/1 Col Fuel Iron ... ..... 2 Colum Gas Elec ... ... 0% Com Sol .. ... 20% Con Gus . ... ... 22-‘li Con.0ii . . . ... 10 Con Can 7014 Corn Prod ... -.... 71% Del Hud ... ... ... 211 Iii I Dupoiii; ... ...100'l/5 Ensinmu Koil' 143% lilil:c_Auio Lite Co 22% Elec Pow Light ... 2% Radio Corp .,, 0 Radio Keith Orph 2% Rep lrou Steel .. 13 siifviviiy Stores .... 4022 Sears Roebuck .... 30% shed Union oil 10% Socony Vac . . ... 15% So11‘b»Pno . . ... 17 South Rall . . . . 10% ‘Stand Brands ... .. los Stand oil ful 2.112 stand Oli N J 47% Stewart \\'ui~ner ... ... 10 'Studebaker . -... 2% Thermolii .... 11% Texas Co ..... 22';/, ,Tex Gulf Sul ,... 35% Tim Roll Bear .. 96 Union Carbide Carb 05% Unites Air 1.11.5 United Corp . 2%

gnliedi Drug ..

u e Gnu Imp ...V .. 12 U s ina ai 4:1112 I7 S Rubber ... t.. 13% U B Sinclt ...... 113 U S Steel ... ... .. 34%, U S Steel pid ... ..- Vau Steel ,.1 ... .. 13% Wamer ilroa Co ... ... 4 Warren lirca ... ... ... 5% Wost"lln`lou .. ,... '31 West nice 45% \Voolworth Co ... ... .. 59% W°i'¢ii- Punin .. 111.5 ,Yellow Truck ... Erie ...... 8% First Null Stores ...'.. 47% Freeport Tex .. ... 25% Gen Asphalt ... ... 18% Gen Elec . ...'... 251/g Gen Foods .. .... 35% Geri Mo: .. 32% Gold Dust ... ..-.. 15% Goodrich Rub ... ..... 85;, Goodyear Rub ... ..... 10% Graham Paige ...... Great West Sug ... .... 80% Houston Oil ,., _,__ 10 Bud Mot ....2 .--. 8% liiigioaizat

n ar ... ... ... 48 1n_tl Nickel ... ..,. ,... 28;? im 'r-i s'/. Johns llinu .-... ».. 40% Kan City South ... ... ...

Kelvianton ..... ... 15 Ken Copper ... ... .... 20% Lambert Co .... ...... 20% Lig Myers B ... ...-... 100 Liquid Cnrh ... ... ... 31% Loews lm-nrp ... ... 41% lioosa Wllvs Bil ... ... 34%

.\lcKeesp0rt Tin .. ....111 .linck Truck ... .... 22% Math Alliiili ... .... 30% Misa Kiln . , ,,,,_. 3% Miss Pao .. .

Mont “Tiird ... 20% Nash Mot ... .. 13%

Natl Bla 20

Natl Dnlry Prod 151/¢

Natl Pow Light ... . .. R

New Hrr\'r»u _ _

New York Fen .. . 1654, North Amor . . 13%

Noi'-tli I‘:io ... 17'

Pnc Llillit .

Puck .\ir\t ... . .. 4

Penn lliill ... . 21%

Pub Snr N J . . 30

Phil Pct 22% Pullmnn Cc 40%

Ford Motor Co.

Boost. Sala

in a return to the Ford wag of 1929.

power and thus to increase

-"libr the employed of this

Windsor. Toronto, Montreal,

and Vancouver this means:

120 57% 11% 4154 20% 27| 107| 9% 14% 21% 20% 15°/1 iii 9 111.5 58% 241.4

1% si 44 3% 4314 sv 2 0% sou 22 07/s 1654 12 28% ioisg 143% 22 2% 5% 2% isy, 40% 39% il* 1032 101,;

so 9% 2% 3% 2254 357/s 3-We as 135;. 2% 1235 44% 131.4 1.1414 34% 1.9;; 4 ..i‘-‘Z 4a can 11% s 41% can 1s 20% 34% az 16% 8% 19% sos; 1s s

43% as -il 4055 1415 :si 2734 ions/, sol.; 411/, 34% 112 za ao 3% 21 iss; oc 1514 s msg init im 4 :ii

20% 2214 40

ries

riser Wmnson, ont., my 22.-

Mr_ Wallace R.. Campbell, President of Ford Motor Company of .Ianada Ltd., made tho following statement today. “Ford Motor Company of Canada Ltd., effective today, restores the $6 (six dollar) minimum wage

e level

"We believe this to be a construc-

tive move and in full accord with Ford policies of labor relationships. We hope thereby, so far as our Com- Pl-liy is able. to improv, purchasing

lndus-

trial production generally by stabil- faing labor employment and further re-establishing labor income."

Com-

pauyonthewtlsrollsinlilast

Saint

-101111. WinniP9B. Regina, Calgary, 1-warns of au employes lineto-

fme receiving the minimum You of aowiliberaiscdtoliianincreaseof ll per cent. , _ ~I--Employees in many of the wage brackets above the minimum will be given hourly rate advances of 5 cents. <

0-The new average wage rate will

be considerably above lo a Cay.

4-The ne? wage rates will affect

qrproximate y 0.500 employees in the Border/Cities and 1200 in the

other Ford branch citia; of the ‘total

of,'7.'l00. t_ Om ii. .t....i.i‘i.o’.l$... "'f’°‘

Iurdwaamadoeileetlvaiainuiut

/ -4

i -., » .. 1,. ..

'. ' wr". ;.7_~,* »- , 1;.-»>,'_»_;_. -. ~ , _._'.‘ _ _ Q I ~' "W `

S . * ` ~ " ’

roig . , "nie first 8| adav wigs by

li is .

` In

LF IRM PRIBEII PRODUCE im. sore/.1 MARKET.coss1i"v Mafggfs Af/i N. Y.. stock'

A “"“5;f*~"> l§an:lt¢1|1gne~ f 4" --- ` . f _ fffff

:charted ami wanna sperm

(2l\l|T|0l|S}.

iiiniiaui iiuiuiuii

By Frank Maclilillen,

Anociated Press Financial Writer `

(By Griar-d1a.n'a Special Wire) NEW YORK, May 22.-Discretiol

the keynote of stock trading to ;

up so

expectations

no powerful market

ss**.1$s'-'?”

upward, _ industrial group, es-

some of the oils, metals and

But rails and uti1itlel§} a little ground for thl

.

about on a Diir with if

aggregating 1.147.- 1? ticker was ulmosl

an hour f. readins

551

up more at 50.

In

(Ill/ilhl-J

I

(Jolruaton and \Vir.rd)

CHICAGO. iuay 22- Wheetz- ., .'

llixh Low Larlg

1.’

3ag%i i)2%'D'-’.

Jply ... ... 82%

.Sept . . . ..... 7-1% ; DCC ... .._» ... ,... 67%

0ats:--

.iuiy .. 31 suit., Sept ... . . - -... 34% 34% M _ Dec - . . . ... ... ..... 36% ,

July .. 01, si-pe oil, Dec . . ... .. .. 0350

e _ eg; __ e s- s sr ___