manually v_1'_2_. 193s

iii)?

v

1:11! _CI'IARLU'I"I‘ETOWN__GUAKUIAL\

TMorning ‘Stock Letter

w’ new’: an ‘co’- “‘°"'°' "give-Io Wire

denial oi

ffuifiubf‘: interview. We would my (or a firm and active market mdgy and would. favor f‘ ‘ “my,” clu-ysler, Std. Oil of New Gill! 011.. Std. oil oi Calif" Union Oil oi-~Calif.. North Ameri- “n 0a., United States Steel, Beth 5W1, National Cash Register, ceneral Asphalt Co. and the Par- gflnn companies.

Ngw YORK, m. 11-It was somewym ppointing that the T, v. A. decision did not come y;stcrday as the utilities have held back because of doubt

been over lt- This group is gains to so higher in time, however, on ex-

pansion oi Electric Power produc-

tion and is a purchase on set- backs now. With the T. V. A. dc- cision not coming out, the mar- ket yesterday was influenced by the steel production figures, which showed a (air gain. The feet that the steel moved up so sharply yesterday means that other groups will do likewise, however, profit taking is continuing in many lines and instead of s broad general advance, the market is advancHg by rotation oi strength in groups. This procedure is likely to con- tinue, we consequently lcok for- ward to irregularly higher prices in the next several weeks. Grsat Northern Preferred made r new high for the year by a fraction yesterday, following the public- ation of actual income figures for the 12 months oi 1935 which made such an excellent gain over the preceding 12 cnths. Improve- ment for Great Northern should continue and the stock still seems reasonably priced.

s~=-~-

MINING

TORONTO, F‘cb. il-Btrength oi the base metal shares carried ihe miscellaneous mines m"? l0 e higher average level in ‘today's seision of the Toronto mining market but the 801d 8T0"? 198m" ered another mild setback, losing .25 to close at 130.79 in the ex- ghange index. Aside from the dis- pigy in mlconbridge and Sudbury Basin, both up 20 to 22 cents, in- iciest centred in the penny issues.

Only two or three oi the big golds showed action oi any im- portance. Teck Hughes was oiier-

ed down in volume to close 10 cents oil at 4.95. Pioneer lost 25 cents and Dome 1-8.

Profit-taking on the recent ad- vance was activo in some of the penny stocks and losses up to § cents were noted.

(Canadian

Press) 'l'ORONTU, Feb. 11-

(‘lcrivy- . . (‘unlnilm W 1'

(‘onluguu . (‘oninrilni ... llolne . .

iliilnriido il‘ lirlllgc Fed Kirk . Franklin .

5 {l} u :1

- (imllnin Urunmla . (irnlliloro (lrci-nc (lunniir . llalrrnw .. Huril llnck . lrltor . . . liollinher lluincliirati iloivi-y

Roche . itoyaliiu Quebec San Ant Bherrlti .. iiiseoe .. Sou Tlb .

Stalin St Aniii . Soil Basin blnll Cont Sullivan Sylvnniic .. Tcck iiugh . Texas Cnn . Toburn . ‘Powliguicc Ventures

'91’ ... . .... ... ~- Totul sales 251211110. UNLIHTEIJ

Aldermnc ... lin-tt Tr . . . . .. (Jen lillm (‘ilurvn ll . Co (You . (Yohalt . Dal Oil Bus! (.‘l

llltrhlo .. iinhh ilonl Null “illilli . . . Telnlukn . ... .. Wood Kirk ... ...

M UIQB

(supplied by riiilelll and Company iiimnbrrn oi lilonireul ntock exchange and Curb Market)

Stocks Open

ilolvhoru Walker Gonll .. . ‘Lu

___._~._...____._

EX CHAN E

(Canadian Press)

MONTREAL. Feb. li— British and foreign exchange in relation to the Canadian dollar as comuil- ed by the Roya Bank oi Canada closed today as follows:-

Argentina peso .2784.

Australia pound 3.9977.

China Hong I-iong dollars .3294.

Denmark krone .2231.

Irance franc .0667.

Germany rei-hsmark .4068.

cal-est Britain pound 1.992s.

Holland florir. .6857. - Hungary pengo .2995.

Intlin runee .3782.

Japan yen .2923.

New Zeaiand pound 4.0279.

Norway krone .2511. I

South Africa pound 4.9690

Scal. peseta .1392

Sweden krone .2571!

Switzerland franc .3300.

United States dollar cent uiscount.

11-10 oer

Stock . Exchange

(Supplied by Pitfieid Members oi Montreal and Curls iilarket)

and - Compan

(Canadian Preesl

trial stocks higher. Toronto Mines-Golds

(nun on .. i 7"") other groups up.

,‘.?~"""""' "I; new yoax, Feb. li-Forelsn l\'~w York-Stocks closed higher. |.§,{"(‘_.',',h l“; exchange steady. ,Gxeat Britain wmnypegbwheg; 3.3 to 5-3 Pflmqup j_ m; demand high 5.01 1-2; low 5.00: highs,

I'_Ick (‘r0 .. vs close 5.00: 60 day bill‘ 5-00 i4? New York- Cotton lower; rub- i-i‘;'.‘°°,{,,~ olif-i" “m” “a? ‘my 8-05? kilmm be: and cofiee higher; sugar un- |i,.,,,; Mm," '..., 17.00; Germany 40.79: Canada 1.00 chanmuy

leglgoni ill 3-16. _ _ .

stock exchange

(flupplicil by Pitiield and Cornoan! Members o! Montreal stock enchant!

Toronto and Montreal-Indus-

down.

K Qup TA TIONS

YESTERMTS iiiiiiii MiiRiiEi iililiMiiiiNS

I

Stock! . .___-

BrusiH-iin . ‘

"a C C W (in d S gy§.,~;;»_,_=-__ e es ay 8c at- nn or l'r . . . . . .. 1 .

(‘on I'll ii‘ l

Cun ih-wnontinln‘

Can ind Al -i--l

'3'"! Plw ~ » RETAIL IAILI‘! Qockshut i’lo\v Celery bunch '... ... n,"- one 20c Lona hull-ii. Quinn; 1h

Dom Bridge . Beets pk

Dom Stool .. . Celery hr-nrte

Iron Tflil . . . . .. Car-rots lh

Int Nli/‘l Potatoes pl;

ilnssigv ilnrrls Apples; (I112

cifoll Front Apples pk .

\iont i'nw Turuips 3 ior

hlat Brew - Spinach in .

Ne! 3i (‘or Parsley imnc

U" ‘WP Cabbage head

gbawlyilgan ye“ u,

on un i'ow ' ' Si. o! (‘all .. ‘Sig’; lice! qr . . . Stevwmcais Chicken

Bk oi ooh .. as $1105" '

lilr of Ccnlln 105 Bu"

llk of 1m {leaf}:

ii]; ii N' 8' 11m iii‘; E5" ‘w’

y ... ..... . "s" 60d dry lb 8c - , (‘urn-all hlnrkcrol each . ... 10c Haddock ii) .. . ... iOi: N. Y. Stock -——— (Canadian Press)

MOFTREAL, Feb; li-Offerixigs on Montreal livestock markets to-

and Curb market) day totalled 1,691 head. Receipts --~ M, 1m] The bulk oi the cattle offered Allied i-lh-iu . . . . . . . .. 130%. 100% were made up oi ccmmpn to med- if: 1.‘, “gig may,‘ iuni cows and these were sold Am 1r...- p,- h...‘ ' 411/, from $2.75 to $3.75 according Io Am Lav.» 29% quality.

i": ,llf\_ll,l,‘_l fig“ Calves were stcady. The bulk of A; ,,-,;,,, __ 221/“ the veal; were sold in mixed lots Anupqiiiln __ 52% between $9 and $9.25. Medium Ati-nlson - - ~ 79% good kinds brought $9.50. Common ‘iflihuifli’ if” light veals sold down to er.

1mm inn-d v, Bacon hogs were unchanged at, linlt ilh o . . $9.25 fed and watered, with $1 per "Pllll", d" < - hog premium on selects, and the Egg“ (n usual cuts on off grades. Sows iirggs nun were from $7.50 to $9

(‘on PM ll! Maritime Market:-

omn Rail hogs were improved in (jhfyglpr quality and finish. The market (‘om sol .. opened oiiering $11.50 (or b ns, QM" W“ ~ rail grade, sows $8. Hogs, oi cars. (riff, n, , :. _ were at $8.50. for bacons, and oii (‘orn Prowl . . .- truck at $8.35, sows $6. There were (‘nrtiss Wright . . . . .. 4% 4 the regular prflnmms and d“, Del-re . ... 7-1 counts

llnpolit . . '

lillorl Aulo |.il- Good cattle were scarce. Offer- l-lrle - - - » »- ing $5.50 for steers $3.75 ior butch- er cows. $2.25 for lutters, and (ion Filmls‘ . . $1.75 ior canners. The best hulls \ii‘I\ Mot. .. made $325- ‘

-mlh~- Veal calves sold up to $7. Grass llnil ‘lion. i l“ calves We"? 33-25-

lllilupp not i r tLoadings retarded by continued

i-n S 011115.

lliitiéiniiw~i w» . ' ' -.

Johns .\ n (‘u

Kcnnor-nit E iaigniil lifvzw . .

. as ‘l 4- i, .. _ _

Mont \\'n II —-——~—-

ilnrrny (‘up . (cmgdlga Press)

(‘lllhiil its»: I MONTREAL’ Feb‘ u _Egz ‘xi-w York N ll ' prices continued their firm trend Nor Am" 1'" on Montreal open produce markets f|;"¢"“‘"'}"' today. with butter quotations eas- ’ i" . .

ihirlinn-uiii m! sliihu!’ downwud- Potatoes who it li . . . . .. heir‘. stcaiw. -

l t- .0 .. G a e 5 men 5 ,1 - i?!‘ i.‘ ti... r M Kg “i” i ‘ °‘“ pffrl, '0": C}, " I lots or less were 28 to 29 cents per iinrlln (‘nrp . 11% 11% dozen for A large. 23 $0 3 °l' Radio Keith Urivli .. a 9% A.m¢d1um, and 24 to 25 ior A-

n. 05v‘ 05% , new on (for-p . 1m. 115g l? I t1 r _ . _ 321/, Butter receiptistiweretlgreaél yowgr 0 my‘ duced but quo a ons ppe

at 22 i-2 to 2s 1-4 per bound 10' lots to retail- 25 ior

carlots or less while ers were 24 ior solids and

linitoil (ins imp . 18% “nu

‘f; f, §t"e',‘,'l"[.n',p pCheese held nominally unchanfl- vlillliiiilllli .. 20% ed at 11 1-3 iGO 12 001103 I01‘ on‘ ‘yams: urns m if]! tario no 1 white and i1 to 11 1-2 ‘oar ‘nnn .. r - f Moray

“Thin m oxPrcinoe Edward Island potatoes Woolworth 54% we“? quoted unchanged at $1.3 to

$1.40 for mountains and 51-30 t0 $1.35 for cobblers poi- 90 lwund bag. Eighty-pound bags brouillli $1.20 for mountains and $110 t0 1.15 for cobblcrs; C “ $1.05 to $1.10 and Quebec no 2 so. can“ to $1.

Miscellaneous

(Canadian Press) 1 7NTRl~1A1-. Feb. 11- Whest, nor no 2 93.

i lRlGHT CUT

\

i \_.~1" v-

\ "nil:

liiiidncsstiiatmskesits Iiiebriglltredpackags is

I11 the mallow satisfaction $881031‘ OUT

paper to keep the tobacco moist is the smoothest

i ‘ FOLLOW THE

LEADER

Oiioose Rickey d Nicholson's BRIGHT 0U‘! SMOKING TOBAOOO and enjoy leader-email

the extraordinary better tobsccos. lined with heavy waxed and frmi and to seal in oi the fine Ontario grown smoke for a

lllfiiiizy a NlCiilll-SQN _'roolicco COMPANYJ-gid.

Barley C W no 3 45 1-2. Oats, feed no l 85 1-2. Flour shrine wheat firsts $5.60. Flour seconds $5.20. ' Flour bakers $5.10 Flour winter wheat choice $4.00.

Flour white com $4.60. Bran ton 910.25 Shorts ton $20.25- Middlings ton $25.25. Rolled oats bag 90 lbs $2.90.

Hay no 2 per ton carlots $9.00- Chcae no 1 Ont white 11 1-2 to

2.

Cheese col 11 to ll 1-2.

Butter no 1 22 1-2 to 23 l-4. Eggs in cartons A large 31. Eggs A medium 29.

Eggs A pnllets 20 Pgtatoes 90's P I I mis $1.35 i0 $1.4 . ' - 90's P E I cobblers $130-$138. - i 80's P E mts $120-$135. 80's P iii cobbler $l.10-$l.l5. 80's Que nits $l.(l-$l.10 80's Que n0 I 80 to $1.00.

::'i‘he Poor Man's Friend-Put up in small bottles that are easily port- able and sold for a very small sum. Dr. Thoaiaaf lclectrls Oil possesses

power in concentrated form. Its icheapnell and the varied uses to

which it can be put make it. the poor man's friend. No dealer's stock ' is compute without it.

patents.

patents.

i

Lawful money of Canada.

$80,000,000

Canadian National Railway Company Bonds

' Guaranteed unconditionally by the

Government of the Dominion of Canada

as to both Principal and Interest-

The Bank of Canada is authorized by the Minister ofFimruce to receloe, on‘ behalf of the Canadian National Railway Company, subscriptions for the following bonds.‘

7-year 2% Bonds, due February 15,1943 Non-Callablr.

Issue Price : 98.40 and accrued interest, yielding 2.25% to maturity,

17-year 3% Bonds, due February 15, 1953

Callable at par on or after February 15, 1948.

Issue Price : 97.50 and accrued interest, yielding 3.19% to maturity.

Branch in Canada of

Denominations : {

Ottawa, February 12, i936.

Payment to be made in full against delivery of interim certificates on or about February l8, I936,

Bonds will be dated February I5, I936. Principal and interest will be payable in ‘ Interest will be payable February 15, and August i5, at any ‘

any chartered bank.

2% Bonds, $1,000 3% Bonds, "$500 and $1,000

These Bonds will be a direct obiigbtion of the Canadian National Railway Company, the capital stock

of which is owned by the Dominion of Canada. Payment of Principal and Interest on these Bonds will,

under authority of the Parliament of Canada. be gu arantecd unconditionally by the Government of the i Dominion of Canada. A copy of the gu arantee will be endorsed on each bond.

Proceeds of this issue will be used exclusively for the payment of temporary loans obtained by the company from the Government for the redemption of funded debt which has matured or has been called.

Applications for Bonds may be made to the Bank of Canada through any branch in Canada of any chartered bank 0r through recognized dealers from whom copies of the prospectus containing further details of the issue may be obtained. All subscriptions will be subject to allottment.

Subscription list: will open on February r2, I936, and will close as to either maturity ' 0r both, with or ‘without notice, at the discretion of the Minister of Finance

a

PUBLIC FORUM

This eoiumu ia open (or the discussion by correspondents cf questions oi interest. The Charlottetown Guardian does not necessarily endorse the opinions of correspondents.

(Continued from page 4)

iective for the institution.

Under the method suggested by "AnthrODO-B" I arn afraid that the very people who should have our very first consideration (book lovers will have hooks to read under any circumstances) are going to be overlooked.

No, I believe that the ment should bear the e continuing this splendid library System (then we would all be sharing the cost). and that not one branch that has been opened throughout the Province should be allowed to be closed. It is a far too valuable asset in the constructive life o! our citizens to slip from our hands.

govern- of

I am, Sir, etc., NUNC AUT NUNQUAM

TROUT FISHING ON PRINC“ EDWARD ISLAND

Sin-Being an enthusiast and a City resident, and not a member of the Fish dr Game Association, 1 would be very happy if our fish were more plentiful, as we have the most lovely streams in the World and our placid scenery and pure air, contribute to solid enioy lent, ex- cept for the tact of scarcity oi iish. There are several reasons fcr such a disagreeable condition. I will quote a few. Netting sea trout at tide waters for (ox iced; the resident at fishing streams lndlflerent as to law enforcement with good reason; cer- tain known parties, mostly from the cities, who make a practice of jig- ging all large trout. (A large ma- Jority oi witnesses are afraid or ‘n- different to report same). Lack oi co-opera“ with the farmers and the Fish 8s Game Association; Lack of real sportsmen; lack of money men with any vision or ideas oi the gbiéeatest good for the greatest num-

r. . I would respectiully suggest a remedy and some ideas i: keep in mind. The Fish dz Ga ~ Associa- tion shouid contain up to 100% of all Island sportsmen. Make the iee low enough for all to join, have a head oflice at the capital and larg- est point, branches should be all over at any place where ten or more members are. A button should be given to wear, each member to he pledged to observe the law and to assist in its enforcement to: any irregularities in connection with fishing trout. This idea is not new, but why is it as it is, and can it be remedied? If it cannot be remedied. the fishing is through. I am cf the idea that it can. a

The first thing to consider is our farmer fisherman or rural fisher- man. Be is oi first importance in

considering this auction, and we must consider him as loch and

secure his hearty co-operalan. The next consideration is ourselves and lastly, our tourists. Suppose 1 am correct, let us see this matter from the viewpoint of the one most con- cerned (tarmers) and do our best first to settle him satisfactorily. 1i I mistake not, we will all have co- operation. First sec that all owners o1 ponds, dams, and fresh water streams are interested enough and with the co-operation oi the Sacre- tary of the Fish 8r Game Associa- tion, make application by ea-ch and- every one for spawn to propagate their waters and iish so hatched can be legally caught through the ice, say during February and March. This will allow country folk to iish and not break any laws, which is often required, especially’ when po- tatoes were selling at 10c. per bush- el. Farmers will welcome City peo- ple and tourists providing they be- have themselves and should assist in helping fishermen to keep within the law.

Our fishing season should not open until May 15th and close on August 31st. Every reason for this short season, if it opened earlier, the "poachers" have a reason for being on our streams and after Aug. 31st, the fish are only iii; for 10x iced. I say, let the farmer have their iish 1n the whiter when they are prime and fit to eat.

1 commend Mr. Gauciet and Prof. McMillan. We surely need more dams, our farmers would ullow dams all over their streams. I know this for a. iact. l-lave some law whereby all dams on our streams are put i". for the use of the public. Private

sportsmen with spare money could do a more charitable act in bulld- ing dams for trout. Our Local Gov- ernment couid co-opcraic in n great many ways. When they construct bridges and culverts, or repair old ones, the workmen should be in- structed to see that as much water as possible is held up that the con- struction will stand without dam- age. I am, Sir, etc., ISLAND SON.

__-___-_-_-__ ELECTRIC LIGHT RATES

Sin-In determining what are fair and reasonable rates one must or necessity, possess some accurate iniormation as to the capital struc- tum and also as to the value oi the utility as a going concern. 1i there were now any shareholders in this Province of the Maritime Electric Co. they could apply lo our courts ior a mandamus to ‘ access to the booiu oi the foreign cor- poration and the books would have to be produced ior inspection. That is a common law right. -

Those who control our utility took good care to see that not a single share or a single stockholder was left in the Island. The purpose behind such a move can now be clearly seen. Prooi can be submit- ted thai, a mENhBnc of this city who held a share of common stock oi the Maritime Electric 00., par value $100, given to him as a. bonus on the sale oi a. Charlotte- town Electric Co. bond. was so in-

he sold his share ior $25 and same was bought ior New England inter- ests. This indicates that the issued capital stock of the Maritime Elec- tric represents only one fourth of

real money.

Now to proceed a step further. The Maritime Electric Co., Ltd" was incorporated at Ottawa June 27, 1917. Its authorized capital was $1.- 000,000_ It acquired .iour separate

groups oi power plants, namely: ' 1. ‘The Co

2'. The Fredericton Electric Co.

3. The St. Setphen and Calais

Light and Power Co.

4. Bridgetown Light, Heat and

Power Co_

These groups were all oi about equal importance. The total num- ber of electric consumers on De- cember 31, 1934, was 13,722 and as the Charlottetown pia-nt has 3,400 customers I am justified in con- cluding that our local plant is one fourth in importance and in value oi the entire original holdings oi the Maritime Electric, whose auth- orized capital was $1,000,000. one- fourth oi which would be $250,000 as the value placed on the Ohar- ~ This valuation‘ isr shown to be correct from the fact that the plant here was sold for $90,000 and there were subsequent- ly issued bonds for $150,000 which