, 1935 {JULY

STOCK QUO

rue cnARLo-rrsrowu GUARDIAN

TA TIONS

5.7

N, Y. Stoicki Exchange

-_-—

......‘ by Johnston “Qflfdit: "lambs" or Montreal ‘f l" gangs", Montreal Curb glffkfl, m Richmond sum. Chu-

lnttatovv" .___.. 14a 140% firllgdPow pfd as 12v. med Chem 159 159 “m, ohgjgn 36%. 26% MM ..., 221/. 22v. we, 0,“, .140 141 Am 0am Fbmd 81 21 Am For POW ... 4% 4% M, 0111' Found .. -- 91 31 Am Loco _... 1m 10x M, Pow Light . 4% 4% mm m1 101/. A... Smelt are 43% 431’: M5,,“ .. eats am M, 11.1 Tel . 120v. 120v. A... Tob B . .. 98% 99% An copper . . 10 16% Atchison ... 54% 55% Aub Auto . 2e 22% Baldbooo ___ 3% 3% Belt Q1110 ... 13% 12% Ben Aviation .. 1’! 17% mo. Steel 1W6 36 Briggs .. 34% 33 Byers A M - . 16 10 Burr Add Mach ... OcnOil 21% 2116 0m Dry Gin .. 10% 19% o,“ pw" .. 1o 10% 033s Thmesh . 60% 65% Col Corp ..... ... ... 3T 37% Cum Sou .. ... 196 1% Ches Ohio .. . 45% 45% Chic North 1 2 Chrysler Mot .. 67% 59% Colum Gas Elec . .. 7V1 7% Com Sol mm .2031. Con Gas ... 37% 39/! Con Oil ... ... .... . 7% 7% Con Can U54 88% Corn Prod 10v. '10 E I Dupont ... ... 106 107% East Kodak . 147 Elec Auto Lite . . 35% lilac POW Light 3% 3% Erie 9% flit First Natl Stores 54% 0;“ Frecport TeX 1.. ... 35% Gen Asphalt .. 1m 1s Gen Bloc 33% 39% Gen Foods . . .. 31% 37 Gen Mot ... -.- .. 37% 38% 501d Dust, ,,. .. 16% 16% Goodrich Rub .. 8% 8% Goodyear Rub ..... 19% 3°55 Graham Page .. 1% 1% at North pfd . 21 Gt Wat S118 - . 39% Hud Mot 8% Intl Hair 5W1 Int]. Nickel 37 lntl Tel . 9% Johns Man 52% Kelvinofor .... 13% Ken Copper 30% 1cm Co . 33% 111g moi-s B ... 1171': 117% Liquid Carb 33% 84 Loews Incorp 50% 395‘! McKcesport Tin 121% 121% L003 Wiles Bis .... 40% 39% .. 21% 30% 2% 2% 1% 1'56 31% 32% 13 13% NlJ-l Hi5 . . . - .. 297-51 30 Natl Dairy Prod i606 16% Natl Pow Liiht 9V4 995 New Haven .... ... 4 4 New York Cen 19% 18% North Amer 18% 18% North PM! .. 101A 19% Pack Mot ... - 4% 4% Penn R011 ... . 25% 25% PUDBCTNJ 38% 38% Phil Rt ... 20% 30% Pullman C0 .. .. 45 45%

Radio Corp 514 3% 2% l’! 30% . ., em Shell Union 10 10% .. 13% 12% 18% ' 7% 10 4% Stand O11 Calif 33 33 Stand Oil N J 45% 46% Stewart Warner 1316 12% Studebaker . . 2% 2% TexGo 18% 18% Tex Gulf Sul 34% 34% Tim Roll Bear .. . 48% 40% Union Garb Curb 62% 83% Union Pee . 108 100% Unifcd Air 16% 17% United Corp 3% m United Gas Imp 15 l0 41% 42

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MARKET

(By Johnston lllll Ward's Special . Wire)

MORNING MARKET LBITEB.

NEW YORK. N. Y., July 3'1- The msrinet wls firm to higher 111 the early dealings yesterday and after a mild reaction ., ‘ again st the close. On the whole the performance may be consid- ered as satisfactory. The utilities. particularly Consolidated Gas were strong features. Both Gen- eral Motors and Bethlehem Steel sold off fmctiomslly 0n the good news contained in the slx months earning statements. Earlier in the your individual stocks rallied on good earnings reporis but then

they wcm unexpectedly good whereas now the surprise element is lacking.

After each penlod of dullness in the pest the market has rallied. Until this situation is cmnged and selling follows prices down 0n a. reaction a. favorable view of the outlook can be maintained.

Laidlaw and Company.

SUMMARY

NEW YORK. N. Y., July i17- Gold bars quoted in London at 140s livid against 140s 6d Friday.

Missouri Pacific June not oper- atlng incmne $7,748 089-11161’- $619.- 250 in June 1034.

Chicago and Northwestern June net. operating deficit $302,428 cg- slnst net operating income -0f $110,225 in June 19:14.

New York Central June net op- crating income $2,578,101 agalnzt $3,129,715 in June 1934, six months $15,660,858 against 817-161682 1:1 first half 1934

GOSSIP

teg-rustlmomeequclfozcenrsa common slmre against 2 cents in preceding qvzrifl and 4 cents a share in Ind 1934 quarter.

Iomion bur silver 301M up 3-18d forwardfifliid up ‘Ad.

Senate passes the Banking B111 without a. record vote. Conunittee

' ‘ " to confer with House members on the measure.

Special meeting of B F Good- rich Co stockholders further dd- jolmmd until July 39. Inspectors of election reported that more thsnfipercentofeachclassof stock voted in favor of authoriz- ing p, $45,000,000 mori8l8e on com- pony‘: P1099"?-

Threat of striloe in bituminous coal industry were dimipated last night when Appalachian coal joint wage conference voted unani- mously to soede to ,u.est of President Roosevelt for extension of agreement until Sept 16.

Dow Jones.

BANOIWS MORNING LETTER.

MONTREAL, ,Que., July 2'I— The utility division showed mark- ed signs of resuming its uptrcnd yesterday while the list in general was rather sluggish on the day's recovery. With the favorable butch of corporation news with which the market was treated yesterday prices might have rewrded a. strongly bullish response. lllarket action, however, was not by any means bearish and the prospect of higher prices remains-unaltered. Consolidated Gas of New York which you are long of at lower prices, is likely to make s brand new high for the year and prob- ably touch 20 before any marked resistance develops.

Turtle Is Shown Growing In Shell

NE WYORK, July 27~An image of the actual development and growth of s. living turtle embryo‘ inside its eggshell 1s projected into a mirror and magnified to a. diam- eter of sight inches with 1m sp- paratus developed in the depart- ment of experimental biology at the American Museum of Natural History, 1t was disclosed yesterday. The apparatus, along with a live snapping turtle sud _a nest of turtle eggs. has been placed on public ex- hibition in the reptile hall.

This invasion of the young turtle's sanctum, accomplished by installing a glass window in the slds of the eggshell, provides what amounts f0 s detailed motion pic- ture showing the heartbeats and development of the embryonic functions for the benefit of visi- tors and biology students. The young turtle continues to grow de- spite the fact that his most youthful secrets are being broad- cast.

Drought Resisting Glover is Praised

MONTREAL. July 27-—En route to to the southern districts of the ‘United Stews in sdvise agricult- ural officials on a drought-resist- ing “subterranean clover." 810W extensively in South Australia, D. R. Iiicrguson, honorary commission- er of Agriculture to that stats of the Australian Commonwesth, ar- rived in Montreal yesterday.

Landing from the Cunard White Star liner. Ascznis, Mr. Ferguson stated that he could visit the south- ern ststes of the U. 8., and Cole- fomis. The "subterranean clover" is especially adaptable to cl mates where drought is a menace w cattle-raising snd agriculture 1n general, he told ships news report- fcrs. The clover is drought-rcsistlns 1nd is used extensively in the low- nmm] districts South Aurtralil.

Mr. Ferguson lured that the

future development of South Aus- trsli; will be mainly in the line of csttlc-mislns 00d U" "W" o‘ meat. Tho country. he added. i! one of the most undeveloped port! “the Commonwealth. » .He registered a boost for South Australia farmers, 0011113 "1811 the! could produce good cdops of hm! qhggt in g 6011110111 With in 913111‘ inch mnnu. by nlowlns 110"" and tilling the mend W e "i!" degree of fineness.

Mr. rbrguson has not been In hie nstivc country for five yearn 1:‘;- [y h; m; been resident in Lon o . 33km, sud has acted as honor- ary commissioner for the south Aultrolls Government. d_

Of Austrolio u s whole. M "1 - "Thinks f4) M1‘. LYON» .

h" pugs m pull herself out of m. situation." Argentine mm mum M I "P"

,1 ma, he mud. W! l! ’ m!‘ mihst new urn-Infill!" would be nilde n the mph-awn o!

1.’ 4- *

petifcr to Australia meat on II~

United Corp of Del June quar- » Baring. ’ I M T L. CURB Mlwellaneous (Canadian Press) (Johnston andward) MONTREAL, Jul/y 3g- Wheat nor no Z 85. Stocks Over-Ml but Barley o w no a 44 Oats C W no 2 58. m; Seagrams ,. 21 20% 0mg g w no 3 4g Dom Stones 7 7 oats feed m, 1 45_ Ford of Can A 2'7".- 2750 p10,“- sm-mg Wm“ patents, Green Siabcll, .. .. 20 20 firs; 5_19_ Imp o1 , . . . . . .. 19%.. 19% mu,- semnds 4,70. Imp Tob . 13?... 14 Flour bakers 4.60. Intl Pet ...‘ . 34 34% Flour winter wheat patents, Melchers A .. 9H 9% choice a so to 3.40. Noranda. 30K. 3B Fiour white com 5.40 to 5.50. Nccande 381.’. 38 Bran m, 2235. Took Hugh . . . 4123 406 Mjddflngs m“ 3935 Walker Gccd . 20-h. 27% Sffocrtston 24.25. wB-lkel‘ BPS-W .. 330 330 Rolled ,- 13 bag 90 1m 3_25_ Wright H81‘ 7B0 750 Hay no 2 per to“ cat-lots 125a

Choose no 1 cur Ont 9% to 9M. Cheese no 1 Que 0%. Butter n0 1 20% to 20%. Eggs in cartons A l lange 34 Eggs A large 38.

Eggs A 1 medluf 30 g Eggs A medium 27

Eggs B 23.

Eggs C 22.

Potatoes new Quebec-s 80's 45

to 50. Old Que 80's 30-

Needy Authors To Get “Boondogging” Work

NEW YORK, July 27—The first work relief project intended solely nor needy authors, uindcr- which they will prepare a guide book of the interesting points in New York City. is scheduled to be started next month n: soon as appropri- ation of $36,750 approved by the works progxss admlrfstrfi-tion in Washington. is received, it was loomed yesterday.

The project which marks the first time that the Federal Government has formally recognized the plight of authors as such, wa\ prepared by the Authors League of America. and‘by Miss Grace 1-1. Gosselin, as- sistant direcior of the Works Pro- gress Administration. Miss Gosselln and Ivan von Auw, assistant sec- retary of the league, discusred the project Monday st the adminis- trator's office.

Mr. von Auw said that the city guide book would not be s. "cut and dried cateogue" of what to see and do in New York but rather read- able suggestions s-s to how to pass leisure time, particularly in inex- pensive ways.

Indivldual authors, assigned on the basis of experience in a par- ticular field, would visit munic‘pa1 golf courses, museums. concerts, art galleries and docks where ships can be seen going out to sea. according to the pzopect. The variety of visits and thoroughnsrs of wrlieups would depend on how much can be done under the appropriation, Mr. von Auw said.

woonswowrn-s sou INJURED

(U. P. By Guardian's Special Wire)

CALGARY, July fm-Chsrles Wocdswcrth, sorrof J. S. ‘Woods- worth, 0.0.1’. leader. was injured and three others of a mountain- climbing party were stranded all night on Mount Assiniboinc last Tuesday, it was learned hero to- dly. Mr. Woodsworflrs injuries were not serious.

BRAVES TO PLAY. GATEWAY!

YARHOUTH, 5.. July B- Annbulfillflt

I. Ill

m; meg“ yritish llfiflmlbts 0G1- _

Mt’l. Stock Exchange

im-s

Opened

Blocks

Braz T L Pow 3%

Bruck Silk

Can Car Com 3% Can Car pfd

Can Cem Com 6% Can Cem pfd 54

Can Hydro Elec pfd 51 -— Can 1ndAlA..-... 9 9 Oil-n Ind Al B .. '77s ‘We C811 North POW 19% 20% Cons Smelt .. 170 1'10 DOm Bridge 29V; 205-’; Dom Coal pfd 17+’. 17-)’. Dom Steel C0111 B .. 4% 4% How Smith Pa-p 9

H011 Gold Mines 1375 1375 lntl Nickel 38% Mont Pow 31 Natl Brew - 36 Nut Steel Car 15% Quebec Pow . T311 Shnwinlgsn 16% 16% Steel Co Can com .. 49% 49%

BANKS

Commerce 145 l4 Montzeal ..

Nova Bcotie. 270 R0y1a1._,..- - 146

>- Currenczes

(Canadian Press)

NEW YORK, July 28—Renewed weakness in the Netherlands guildsr upset other members of the gold bloc in the foreign exchange markets Saturday.

The French frenc declined .000’. of s. cent to 6.61 cents and the Belgian beige was a slmde lower. The pound closed at 34-96%, off ‘if. of a. cent, while the Dominion dollar held unchanged at a dis- rounf; of 3-32 per cent.

MONTREAL, July iii-Small gains by the bound sterling and the United States dollar while the French franc held unchanged

~.-::d Montreal foreign ex- changes Saturday. Sterling was urp 1-32 of a cent at 4.97% while the United States dollar advanced 1-32 of one per cent at 1-0050. The franc held unchanged at 6.62 cents.

IBETTER, TllNE

u 011mm

(C. P. By Guardian's Special Wire)

MONTREAL. July fill-A sfealy undertone with investment demand pushing a few issues higher ruled

' on the Montreal Stock Exchange

during Saturday's abbreviated ses- slon.

Pocsumptlon on o. moderate scale of the forward movement in Wall Street inspired followers here and values exhibited a. slightly beticr tcne, through advances were mostly confined to fractions. Volume‘ recorded a contraction.

Despite the apathy which cur- rcntly slurrounds the market under- lying sentiment appeared reason- ably cheerful and a steady invest- ment demand was manifest. 1n selected issues.

Power issues continued to hold attention with Canadian Northern Power gaining 5-8 of a point atn 20 1-2 while Shswlnigan Power ad- vanced 3-8 of a. point to 16 5-8. Quebec Power at 13 3-4, Montreal Pawcr at 31. and Brazilian st 8 1-4 all held unchanged at previous closes.

Total sales were 4,750 bonds $5,780.

N. S. Woodsmer. Win Honours

(A.P. By Guardian's Special Wire)

LAKE MARANACOOK. Mo. July ill-Woodsmen from Nova Scotws forests topped their United States brethren in a. preliminary round of international guides‘ tournament events which opened the first an- nual New Englend sportsmexfs ren- dezvou here today.

After Governor Louis J. Brann of Maine officially opened the 10 dsy program from the porch of his log cottage across e. narrow inlet from breschers that seated 1000

sons, Walter Hubley, Nova Sco- tia log-rolling champion, p. ceeded to garner individual honors in the vvu- ’ men's frolic.

The opening day's program reach- ed n. climax tonight when Passa- maquoddy, Penubscot. and Mlcmac fndsns. descendants of the tribes that formed the Abenski nation, staged s holistic sttack on s re- plica of Icrt George, Pemaquid, de- stroyed by their foreburs in 1860.

Guides and forest wardens were here from Ncvs Scotis. New Brun- swick. Maine, New Bsmpshlxe, Ver- mont, Connecticut and New York.

The most spectacular event on their was o canoe bottle in whch Hubby. the Nova scorn chlmppn. msnsgcd to tumbe-fm- tn- ‘lie 1, 10, of Pittsburgh, N. B. into the water gfter on unusually long contest.“

Hublsy alone won the wood-saw- ing, log-rollfnq and log race event for lien acolzp. ‘reamed yitrrlber Peek ha won the gunwhsle canoe m, as III Ill can d l

shares,

Markets At A

Glance

(Canadian Press) ' ‘roronfo and Montreal-Imus- trial stocks irregularly higher. Toronto tly higher. New York-Stocks closed higher. WinNP98-—Wl1c®t up 1'/| to 2

cents.

New York-Cotton lower.

New York-Canadian dollar un- _ changed at 99 29-32.. ( notations s b! Jfllllllwl I211 Ward mcmhfl‘! cl the Mont real Stock Erclunle, M nlru Curb Market. 156 Richmond Street Charlottetown. -

l MINING

were a. little more muncrous than losses on the Toronto mining board at the close of Sammy's short session but trading was so spirit- less that the few minor changes meant very ltitle. Volcnncwas under 180,000 she/res with issues under a. dollar supplyiugthe bulk of the business. The ‘gold index weakened slightly and the average for miscellaneous mines registered o. 81113.11]. advance. ’ Y

Hollinger and Wright Hargreav- es, figured modestly in the" day's transactions, the former at a. loss of 20 cents to 13.75 and the latter unchanged at 7.80. There were no other price changes in the group

l and very few sales.

56 , TOR/ONTO, July 28-

Afwn .

Aigoma. -.. Anglo H - . Base Met Bear

Can Moi Castle T Cen Pat Chem Res .. Chiboug Clericy. .. . Common W P .. Franklin Eldorado, FBridge .. . Gabrielle .. Gods Lake Goldaie . Graham . Greene .. Gunnar . . Holllngor . Howey . J M Cons Kirk Lake 1.. Shore Lee Gold . Little LL .. Macassa.’ Man E . "McKenzie McVitflle . lMcWatters . . . . . . . .. Moneta .. Morris Norsnds. .. O'Brien Olga Oil Paymasicr . Pick Cro ... - . Premier... Pros Air Red Lake . Reno Gold Roche .. .. Royalite San Ant -.. Shcrritt .. Sisccc Stada. . . . . .. Sud Basin Sullivan Teck H ... ... . . Sylvan-ito Ventures ... Wayside White Eag . . WiltStWC . Wrightl-I . .. Silver .. 67% Total sales 149.000.

6 ... ..123

UNLISTED

New Tax C on f r o n t s Congress

Bill

(By Clarence M. Wright) (Associated Press Staff Writer) (A.l'. By Guardian's Special Wire)

WASHINGTON, July 26-—Amid a furious campaign for adjournment by the last week in August, the United states Congress today was confronisd with an expansion 0i the new tax bill to boost the rates of incomes as low as $50,000.

House ways and means commit- tee democrats who are drafting the |bill—wh'ch holds the present key; ito adjournment-ended their pre-l |limins work yesterday by b13541“, ,ening i1’ to dip info the incomes 0i .more than 7.000 individual 001K118?- iers. Previously it had been indi- Icstcd that. the rates would roman

unchanged below ‘$150,000.

Scotis team which won the four man canoe race. The other three members were Allan Hunt, Charles Huiow and his son Puck. Elm‘ Peck and Charles .1-1arlow won the two mun canoe race.

(Nov: Scotil. entrants also won the cums recovery race and the double 1o; lowing. Maine triumphed 'n the canoe race. using either

1e; or plddler, and-New l-famlfi s re was victor in, the one man

l

EXCHANGE

(Canadian Prom)

MONTREAL July fl-British and foreign exchange 1n ermtion to the Canadian dollar as compil- edby theRWe-lBankofCanada. closed today as follows:-

Altentina peso .2678.

Australia pound 3.9609.

Ohina Hons K0018 dollars .5212.

Czechoslovakia crown .0415.

Denmark krone .2220.

France franc .0662.

Gennam! reichslzzark .4038.

Great Britain polmd 4.0712.

K011151141 flonin .5740.

Hunserv pence 1074.

India. rupee .3757.

Japan yen .2934.

New Zealand pound 4 0M0

Norway krone .2500.

$011011 Africa. pound 4.9463.

Sweden krone .2566. '

Switzerland franc .3266.

United States dollar $6 per cent prclnium.

NEW YORK. July 28-Foreign exchange steady. Great Britain high 4.96%; low 4.96%; close 4.96 l6; 60 day bills 4.86%: France 6.61; Italy 8.18; Belgium 16.98; Germany 40 30; Canada. 99 29-32. “Closing exchange rates:

At Montreal-Pound 4.97%; France 6-62; U S d0l1Bl!‘ 1.00%-

A.t New York-Pound 4.96%: franc 6.61; Canadian dollar 00