FEBRUARY 1?» 1932.

3T

OIIN L- COOLEY

l3‘; JPresn l-‘lruunw-iul \Vrlter) “F” roan. N. l‘., l~‘cl|.-1l.-h‘iu- . WW d cournrodlty ularkets show- Illtlll ":0 mo,“ |lfilt‘llt'lli means tn- ell "Y You “Inner-co o: the mil- dnl" ‘h’ n, llrlnl.’ launched st Wash-

iilni ‘nominal nh-fintlorl. |ln.'lon_ "if, ,,-.-Cn|~;ti-»< untl lmslo staples Wins‘ . lllllil<il (lcluoustrutlon

ilmwgl it. for ll< slot-kn wl-rn unn-

uWi “,1. [no moat vigorous sirn-e > m. >

gent H, v mlmvﬂtillplrill‘ rise su-luml to he

“mmm tho nun-no: m’ shorts, tlu-rc ' 1- tlw shnrl- lnnrkoVs . |ll'tl|t.l~l'ti lriillklllt: ‘, , .,|;||‘ul|.\‘ t‘illllllt‘tl. \\‘ii|l r-|'1-“|:_m‘,"'l,,]l'i-.~ln.|il-..u for prom- tile ~‘

GOSSIP J

taking, from the opening gong, clos- ing at the top. The average net gain

wus Just 5 points.

Stocks were taken in largo volume nt the opening. which was a point o: urn gained courage ns the scssion moved

two higher for runny lenders,

Y

e

EXCHANGE

(Special to summon s “'unl)

nlon . S. Stcrl American Cnn Al- , liodgfhcln . ﬁrst’, hum l-‘e, ' Du All‘ RB .. ___ 0l'°':"\'|£ll'_:~fl'il-i'\l' l-ﬂRt Punt. Auu-ricnu ﬂh-lvphunn nlnl Ulllo" Al (furp ._ l. ' i " "i 45 ~. l'- -lfh: pure strong ll-iulcrslrlp, nll- A] Chm" " f “F, HI,‘ v n: 5 to 7 points. Tim inst; unulcrl ,\l Cirllilll ' ' "‘ W... 0.5)] - lo lunde n top of 71 but rmlucctl A; 1km,

I its lnnxhnuvuy mlrnllgl- to 75,’. by n point. Vnluluo of ‘.',-'».'>£I.9.'ll shnros was

souuurllnt until-r tho lnrgr-l-lt turnover _

lnndo on tho Jnuunry rnlly. nltlloulzh the nrurnpo. gnln surpussvd inst lunulh's lwst. llvrrllflllfllifi‘.

Montreal

Curb Market

-\' tVurd) liillll Lou" Last

mm“ Q Jan: ' ~

file Montreal Stock Exchange

“Q11 ll.l V

_._._...

Johnston k Wunl) U|It' l,lli;:llll.u\\'i.n.-t

(sou-l n t» |t|'l l HII

Grain Ma rket

l-‘t-lv. ll .~~-'l‘zllc-

lin-

.\l:llt._ 10;; r |‘l front ll||tll"l|s in rl't‘lll'iiil‘h llltil'itl‘l \\'|li*;ii. ||l'|l't‘~( wort.- I'll upurlrll ||| the l. nu [vii l~n|u_\' zllul vii-sing v-nlun-s \\‘1~ -'- j higher nu

hon sl-s

t The llli lnn-u ‘ l'lll_\' lln- llitlfkﬂl. lilllrilvii uith n Flrull}! lln-

lh-rtono and sv-nlinusnt upputlrcd friend 1

iy tn hlghvr hrvvis.

Unly n ft-w srnttvrvtl lots could he tract-d to Phllihfl. but lit rpllni rl-- ' ‘ ‘ ' rlvnlnlul for u"-

u-ll thnt. 3,0011,-

(‘ti Tu;- t-xpnrt. this \\'1

u Liverpool ]ll‘li'|'.\-l rl-spuntllul lu nu lnr- (

prov-oi lnitling doluulltl und thwart-r Ar- < t.

,; || - otters.

llli llll[lI'U\'l'li tit‘ sprmlilr-l u trifli- ll Ylvliﬂ rinsing lliifv ll!‘ . l. |il\ l trial-ts will in: ' Lincoln's lvirllulaly‘.

1- . anniversary.

‘ho

it . In

v l I'm-ll l

Jim Fl-nlll

5 PARK CORNER scuoor.

, Report for Park Corner School ilor January:- ; Grade X——l, Maud Campbell; 2, Lucy Muclucod. Grade lX—1, Georgie Campbell; .2. liclen hiucLeod; 3, Doris Sims. f Grade VlIl-l, Hodge Montgom- lery; 2, Prrston Stewart; 3, i-lnllctto lBurt. j Grade VIL-l. Annie MscLeod; 2, Zllulll Montgomery; 3, Harold Mac- ileod. 3 Grade lV-l, Lena Harding; 2, sllllilr Stewart; 3, Hollis MscKay. ; Grade IIl—l, Ethel Ozon; 2, ‘lﬁlllllcrlond Montgomery; 3. Ger-

itm nt Washington.

.\ bullish constrnriioll na to llnnrod- into offs-rial was gnnornlly plncl-nl on thr- proposed onnclulrnts, lint u-lrcnt: spt-glnllsts worn not lulilllillllill! as to ullnnlte cunsoqllnln-ca, luring to ]|l"i‘lil-

iunw olroluly l-xisllug in lhls country's 5

win-at price rnulpnrr-rl with those nt llirorpnol lllill Winnipeg. Illglr wlnrls nlul dust stnruls in [lnrts of Kansas received cunshlurnhln nuiico.

Whcnt rlns-wl firm, lit-till. shore yesterdays llnlsh. (‘urn lit-ll; up. oats FQ-l ntlrlluvml. Illltl provisions sho\\'- lull n rlsu of 5 to 20 cruts.

Grade I (a)—1, Irene Underhill; 2, Donald Cousins and Bessie Cou- sins, (Eqllal)-___.._.,,,

Grade I ib)~l, Bruce Murphy; 2. Doris Delaney.

Perfect attendance for the half yearn-Ruth Montgomery and Suth- erland iviontgonrery.

Teacher-Lily Miller.

The Oriental alcoholic drink ar-

Ellliflt Graham. Grade ll—l, Leigh ltincKenzie.

rack ts uscd by more people tllan ls wlriskcyn ‘

lwlIIIIlIIII

new...» Tickling In The Throat llml tioughing Spells

Mrs. James McGsun, Kinmount Ont., writes- "Bomo time ago I had s very bad cold in my throat would cause long spclls of coughing.

, and tho tickling

s friend to use Dr. Wood's Norway after taking tho ﬁrst bottle my

I can recommend ‘Dr. Wood's’ to everyone with s

c l n I i N W888 advised b o v tlrway cough lmpallngone. n6 cold or cough." Syrup

Prim 35o. s bottle; large family size 650.; at sIl drug and general stores; put up only by The T. Milburn

00., Ltd., Toronto, Out.

taunt‘ liIlIltlEYt; N

A l-Etli? Tgaicco‘ and '1‘ better cure-that accounts

CHEWING

ritypf our

TWIST"

lcnolsos

‘e llvtfll uorlt- ‘

' in 't‘r-h~

“m out; 112-3 ,

Auh Auto .. ltul Ohio

ililli Mot. lu llurv .. ln Nivkﬁl

Johns llzln ... 1C L‘ N U0 ... Krn up lnlln 1.‘.- iuu-u-s in . .\l 'i' l'l7|l(\ , Zil-rx Sn-nbnnrd . . .\lis l':lcil' limit \\'nr<l .\l

. " l'ullllX l'<~u l-‘i-ril . l'<|l lt:lil .. l' S oi’ N J Pullluuu (‘o . llurliu lfurp ' l) .

Hun ltnil . Slum] lirnlnls . . 1 l~i t; lllvc _ S O N J .

Statistics Show 1 9 3 0 Banner Year For Dairy Production

Final statistics o! the dairy lact- ory lndustny of Canada in 1980 show the production oi creamer-y butter in that year to have been 85,751,061 pounds, which constitutes ht lasgaret output recorded so 1st y the Dominion, and exceeds the lrcvious h‘gh year—l926—-by over ‘ght million pounds. The produc- ton oi farm butter in i930 is esti- atcd at 84,337,000 pounds. bring- ing the total butter production of Canada for the year to 270,088,061 pounds. The consumption oi butter in 1930 was estimated at 30_l0 pounds per capita, and the eon- sumptlon of cheese at 3.70 pounds. ‘The production of factory cheese amounted to 119,105,203 pounds, a slight. increase over the preceding year. ‘lilo quantity oi chccso made on the farm is so small as to be oi‘ little importance.

Complete statistics of dairy fact- ories nro contained in tire annual report for the year 1930 just issued by the Bureau of Statistics. The main tables of the report give the lnformatbn by counties and dis- tricts, while-the introductory tables givn totals, by provinces, of the principal items with comparative statistics for the preceding year, The report also contains statistics of imports and exports, one inter- esting table showing the imports of butter into Canada for each year since Coniederation.

EAST POINT SCHOOL __.._

Honor Roll for January.

Grade 1x.-r. oeorlze Mwﬂvnlld

Grade VlL-l. Florence Mac- donsld, 2. George Chevcrie-

and, ;v__1, princes Cheverle, 2. Daniel Gillis.

Grade n.-1. Ronald lvrscdonnld. 2. Willie Benton, a. Peter Benton.

Grads 13-1. Bernard Chcvcrle, 2. Arthur Macdonald. scalar". 5°"!-

srd Glllls. Perfect. attendanrrw “Olin” Mscdoneld. Grorﬂl‘ “ml Fr “c”

Oheverlc, and Wille ueaiola-M- I-

llsodonnld. Teacher. .1 -'.

_, ed at the Capitol theatre. '5" in for a. great deal or praise. Based

‘l exceedingly colorful and drlmﬂlilﬂ

I and is forced to turn bandit. His ' adventures arc exciting enolgh to

... WritesAppreciatively

“v- oi the staff and former Islander,

t Satluday morning's tire left historic

a homeless one of the most historic 7': ctcry ambitious girl and boy attend-

1,» when he or she would enter info "1 or Prince of Wales, as it was christ-

’/* then Prince o! Wales. Hundreds oi

swashbuckling Screen Role

Buck Jones, when given that type oi role, can be as dashing and pic- turesque as the swashbuckling hero of any romance. l-le proved it last night in his latest vehicle for Col- umbia. ‘The Avenger,” which open-

And the story itself must come

on the life of Joaquin Murietta, known to pioneer settlers as “The California Robin Hood.” it makes

picture material. Because oi‘ the lawless condition of the country, Murietta. is unable to obtain justice

satisfy the most exacting thrill seek- cr.

Lovely Dorothy Revicr makes a most charming leading lady f0!‘ Buck Jones and plays the role with her usual ﬁnesse.

A splendid cast and the good work of Director Roy William Neill makes the most of the artistic opportunit- lcs offered by this colorful story. The ﬁnal chapter oi’ "The Van- ishing Legion" proves a surprise to all who have followed this serial in disclosing the mysterious “Voice? Don't miss this last chapter.

Formerlslander

Of P. W. College

The following informative article on the destruction of Prince of Wal-

HE wrwuuqww. oral»

CK AND B

land, in the suburbs oi Charlotte- tovm, at an annual rental oi three- pence sterling an acre. and it was from ths fund that m. Robertson's salary was paid.

“In 1836 o. new building was oom- Dleted and named the Central Academy_

“King Edward VII. who visited Charlottetown in 1860, as the Prince of Wales, opened the third building. “The Provincial Normal School was amnlgamakd with the Prince oi Wales College in 1879, and the building destroyed Saturday was erected in 1900. In 1907, through the generosity of Sir William MacDon- ald. one oi the few Islanders who ever became millionaires, an import- ant addition was constructed, pro- viding a library, an enlarged model school and a. hall, completing s. prop erty valued at over $250,000.

“The principal of the college, Dr. S_ N. Rxbertmn, M.A., LLD, bears

censor of 1804."

ND a

BOURIS HIGH SCHOOL

Alonzo Gallant; 3. Georse Pequot;

H0110!‘ R011 for Jsnuaryz- '4. i-larold Poole.

Principal's Department g liihss O'Don.nell's Dc]la.i‘tm€'iit_

Grade x-l. Jessie Bushev: 2.; Grade II—l.. Clarence Gallant; z. Emest O'Donnell; 3. Daniel Mc-‘Pauline Richards; 3. John Mc- cqmgwk, iintosh; 4. Neil iticlntosh.

Grade IX-l. Stewart Macriularwl Grade I (a)—1_ mrzld Richards; 2_ Hamid Hockin; 3. Francis SLQE. John Creamer; 3. Bari Harding; John. *4. ltlusri Cirevcrie.

Grade VIII-l. Jack Matthclv; Grade I (at-l. Marlon McKen- Loonard Condo“ and John Bean-Tzic; 2.1111111 Poole; 3. Arlene Yeo; rish; 3. Billie Moynagh. ,4. AZfl-cd Ixlucette.

Miss Lavie’s Department,

Grade VIL-l. Jimmie Mclnnlsq 2. Leo Macdonald; s. Blonclrc‘ Green. ' ~-

Grade VI-l. Claude Richards; 2_£ Mas Edith Warren, Chen-y Hill, Stirling Dingwell; 3. Tomm": Stubispmt some time in Savage Harbor, bert, - recently the gucs‘. o! Nil’. and Mrs.

Grade V-1. Grace Poole; '3, An- Earl Worrcll. drew Byrne: 3, Camllc Chcverf-r: i and Danny Malone. , Mount Stewart School ls prog-

Mttss Macdmaidﬁs Department. 11355102 Very ‘favourably under the

MO I '.\'T STEWART AND VICINITY

same name as that oi his prede- Rolwrt. Poole: 3. Arldrrrw l\'lPll‘.‘£llli'.'.:l{"l'

Grade IV-1. Wallie lvtr-Tsaac; zﬁnpablo marrfvzcment 0f Miss Mac- Mss Annie liiacDonald, and ss iiricll MacDonald.

4_ Billie Cheverle.

Grade III—1. Joseph Harris; 2.

Legislative Drive For Better Times

WASHINGTON, D. 0.. Feb. l0 - United states Congressional leaders agreed with President Hoover to- day on a new legislative drive {or better times directed at freeing bil- lions of sound securities for active credt use_

The new emergency measure whch will be pushed simultaneously and immediately in the Senate and House also proposes to make ser- viceable nearly one billion dollars oi the treasurys gold supply not now needed for reserve.

Senator Glass, Democrat, Virgin's will sponsor the b’ll in the Senate. Chairmen Stcagall oi’ the Demo- cratic house banklng committee will father it in the house. Republican and Democratic leaders of the Sen- ate and House agreed to give it right of way.

Basketball, st lrr nl-ns-sllnurtfs, rel lor-

SUN LIFE ASSURANCE COMPANY

OF CANADA I I

es College appeared in the Evening Telegram, Toronto, 0n Feb. 8. It was written by a. git-ted member

Mr. W. W, MacPhee, who will be remembered by many of our read- ers:

"In Toronto and scattered all over‘ Canada there are thousands oi Prince Edward Islanders who arc in mournfng for their aims mater.

Prince of Wales college. Charlotte- town, a mass of smoking ruins. blot. ting out One of the finest buldings ln the island province, and leaving

educational institutions in Canada. “For more than a. hundred years

lng public school in Prince Edward Island looked forward to the time

and pass out of Central Academy, erred in 1860, after King Edward,

its graduates have passed on to win honors st Dalhousie, Acadia, Molmt Allison, McGlll, Queen's and 'Ibr- onto universities, Many oi them have achieved fame in various parts o! the world, and all have been at least able to recall happy days at Mince oi Wales.

"In nearly every educational tn- stitution in Canada are graduates of Prince ed Wales college. Sir Robert Falconer, presidentou the Unives- sity of Toronto was born in "the shadow 0f Prince of Wales" arnd he began h‘s educational career there. Dr. D. A, MaoRae, dean o: Osgoode Hall Law School is a graduate. So are several professors at the Uni- versity. Sir Andrew MacPhaiil, of McGlll, is a graduate, and so are several of ‘his associates tzhere_ Per- haps one of the most famous oi all the men in Canada and the United states who, attended Prince oi Wales is J. Gould schumlan, former president oi Cornell Univer- sity and later U. S. ambassador t0 Berlin and China.

"While Prince oi Wales reieived its name in i860, the history goes back at least as far as 1804, when a school was established in Charlotte- town under the direction or James Robertson, and s parcel or land, called Kent Square, was set asde lfor the site of o, college_ It, is the some site that is today covered with a heap 0i stone and grime, twisted metal’ and ashes. ,

"Mr. Robertson conducted his first school or college, in the court house and a budding was not erect- ed until 1320. The one constructed then cost 215 pounds, 1'! shillings and six pence. lit was called s "na- tional school," and James Breeding was appointed master at a salary i! ten pounds per annum_ Alter ten years of faithful service the master was rewarded with an increase u! 26 pounds.

“Wm!!! the history of Prince of Wales should begin in 1790, when Governor Fanning, in h’s annual address to the then colonial ug- lslsture endewored to stress tine importance of establishing such a sest o! learning and oi taking steps f0 llfvmoto Pllﬂio educate“ through out the colony,

"The ‘Legislature seemed to be

PROGRESS Assurance in Force ‘ 1871 $404,000 rear $5,010,000 1891 $19,436,000 1901 $62,400,000 - r 1911 $164,572,000 1921 $536,718,000 1931 $3,051,077,000

STATEMENT FOR» 1931 iii; $s,os1,o77,ooo

Assurances in Force (net) - - - - New Assurancm Paid for (net) - - - Total Income (net) - - - - - Total Disbursements - -

Payments to Policyholders and Beneﬁciaries in 1931 C‘ C‘ C‘ i‘

“ since organization

Surplus and Contingency Reserve - -

Assets, at December 31st, 1931 - -

THE YEARS BUSINESS REVIEWED

Our reserves have been calculated on the same strong basis as last year. Although our investments payable in American currency greatly exceed our liabili- ties in that currency, we have treated both as on a par, taking no credit for the premium on American funds. Our liabilities under contracts in other currencies also are included at a total greater than required at the pre- vailing rates of exchange.

“Our holdin s of stocks have been valued on the basis t e Dominion Department of Insurance, cally the same as that adopted for all companies by the National Convention of Insurance Commissioners of the United States.

“in new investments we have favoured high grade bonds, the yicld on which is now very attractive. Our purchases of Canadian Government bonds during the year amounted to $25,000,000.

“The rotits paid or sllottedto policyholders ‘O OVER‘ annual premium income.

“in the light of these ﬁgures, the report is indeed an excellent one.

“And what of dre future? No one believes that the depression will last for ever. It is impossible to say ~ just when the turn will come, but with the vat natural resources of this continent, and the brains, energy, and actual wealth of its people, business recovery is inevitable.- erity does return no company will share in its beneﬁts in greater measure than our own.” -FnsltbaPvwidcd'lAddnwdtbcAmulMediorp

a c : I think gnu will agree with me that for s year such as that throng which we have just passed the show- ing is a remarkab y ﬁne one.

"New assurances of over $527,000,000 and a total in force egxceeding $3,000,000,000, are ﬁght-es so great as to ne no emphasis.

“The distribution of our new business is interesting. Canada contributed $101,000,000, United States $291,- 000,000, Great Britain $50,000,000 and the rcst of the world $85,000,000. h

“Our mortality experience as been even more favour- able than that of last year, the claims being hut 54.5 per cent. of the expected, against 57.6 per cent. in 1930.

“Since business was commenced in i871 we have paid out in beneﬁt; $594,000,000. Last ycar alone our gallnents were $93_;000,i(l)‘00,9zs: 3%“!!! cxcetalclling the

assurances wrl en . e may we rqolce over the magnitude and importance of the social service which the Company is performing.

“During the past year life assurance has been tested as perhaps never before, and it has withstood the trial triuxphantliy. Sfhfst as ‘l! ltgldlWifﬁ-‘IQJO; one life Cotgpafnlyl on econ ncn as s one: oorsmvvon er record. In Canada we can claim with pride that even since Confederation not one Dominion licensed com an h f i1 d p y

as ever a e .

“It will be noticed that in addition to the surplus of $16,000,000 over all liabilfiti: and capital stock, we have a contingency reserve o 4,700,000 to provide for possible shrinkage in mortgages and other real estate

SIXTY-ONE YEARS OF SERVICE

. Total Liabilities (including paid-up Capital St

investments.

laid down by which is practi

When prosp

$9?

STRENGTH Assets

1m $63,009

1881 8530.009 1091 n,sss,ooo

m1 $11,773,@ nu m,9oo,ooo m1 ’ $129,372.01!)

-- -|.L¢II\I“<Q~; ‘_

rm 8624.904.”

527,939,000 197,140,000 136,509,000 93,25 5,000 594,185,000 21,126,000 605,678,000 624,804,000

ed

26,000,000, or over 20 per cent. of the total

is.

SUN (LIFE ASSURANCE COMPANY or CANADA"

rather slow in plunging into dcbt on account oi education. so Governr

Iuminglquedwacmolimown

4

as.» <s»._A-—