.BOND Q. YESTERD Avalon... Sag In Dull Trading

Y." dstock 4 g g MARKniSession' On Mt’l.1Market.

2 JErchange

mo! o...... Shows" (loin; W

Period Was How ever, The Financiaiggost‘ Finds

comic m Canada industrial mo. o... in... moo mower! c .. '. H during the third cuarter of loss-inanimat- mwniailr 50M!!! showed a further alight extension, figures ‘_ the level o! industrial activity ‘at showed suns imIVVfiiflC-‘OVOI we ‘ ' 41.5 previous. month. hoaeverpand

»<.'"-~'-. .-.-.:.."-"'-s"~'+ . ‘I=:..ie..'”'a-.-....:=: isoalrlavo sauna I-Iuaa- _ stated. “ng ' "unxfigii?

'_' d by Johnston bars of the Mont-l, ireal

in iaat hour when

are not large bu rl contract! i"

the end of the period being I

pa: cent above the low point o! the irsvidence. that this

depression, reached in March, 198s, will be. continued. 0n. the measured b7 ‘rho Financial Pcst- permit! _

K icities faiisdtc lnainiflnflll level perm w“ howwm “ma. of August inthe followiaginaontb. one oi consolidation than marked advance. evidences oi.’ expansion were ap- Enlfielfiuizinwgxisngdilwfacagsm w u“ ‘mm"°"°th'" proved greatly. The Post index moved only siiihily hither durinl-

- lion nation of stocks learns to bs developin, iittia ovidence yst th N ru

COIIIIQ . ~ ma!“ and Company. in loss

‘Gsusrnlg-ilfoods Co usages earned airt

fieal directors mee

1mm“ I“ F-h" action'_s.nd asrnings after 5 p.

mo...‘ ' fnr u» ’

wwld tries, particularly the unwed

insist in-Oanaih. Recent "iifielflF m, lnellis ill-the United states, how- "chiefly rresissnirmosqvsltv

to businessmen tbstno eddling ‘with ‘Pfivatc was being considered" ‘give rise tothe hope "' coma wiilliilllistart alons roatl-torecovery-to the 01;!’-

Business conditions during quarter were maintained at s level "u" about 12 per cent higher thalrin the same periodJ of lnzvt

ll

Summer Savory 8 f

M17. Stock- fExchange

fllllllllfifi Yfiifiimfthor m

a.

gain over August, leaching a n

high point in the recovery move- t.

Quarter. the "lining

‘vcl "pad" “fun”: ‘ o as n en m gold and‘ vsl- shares luovcd in

isteriug s moderate prices on good volume. The o a iii oak.

b ' nifWlrd members of tbve llaltfreal b nd Street. Charlotte-

Many Impressive Gains

m. most significant changes, in an ‘mo: "the world, which are addition to those mentioned above, acting

t0 Induce the high

as an_ almost insurmoun- table barrier to trade uecovsry Despite these trade barriers, scon- slderqble increase has takenplace in the ousntum- and value. d cent Canada's trade, increased exports

he liid k t0 Lflibnt on annonnce- b '- 1 lied Peppers l! for .. Green Peppers 2 for . Onions No 1 10 lbs Onions No 2 10 lbs ., Red Onions 10 lbs Mushrooms per box . Broccoli per bunch Brunei Sprouts l.‘ boxes Sulnmel- squash each .

Retail sales were 2.4 per cent a???” than m m‘ “me period o‘ b. TheTcose at 1:81

will snts. ear W109i! 3% t0 M, Cllfl! 5

Carioadings were 0.8 per Build Prod

gained 80 cents ‘b

ly lows Fsiconbridgs, dow c poraticn down lit, Hudao

Newsprint production was up 10.-

‘ lilac Pow Light Erie , . . . .. Fret Nilhii Stores .

per cent. Steel ingot output was 87.6 per Passenger automobile production

Lower Trade

OOTATI

;

(C. P. By Guardian's special Wire) tivity in the early part of the ses-

i MONTREAL, Oct. Bil-The Mont-i slon, was down 1-8 at 22 3-4. ' t real stock market sasiled under its, Canada Cementwas morefavor- ~

own‘ weight today. ‘rradors ssw ably accepted and advanced 1-4 at , _ nothing stimulating in the news orl 7, while McCall Frontenac picked; -

in the performance o! Wall Street.

- -'-'- N l n m t l up n? slmiltg amount at l8 7-8. Do- eary l e ac ive eade were mi on B l was unchanged t Corr I off from yesterday's close, aighough 4 8-3. I

| few small gains and some other is- however, down fractions. Brazilian sues clung to previous closing lev- lost 1-8 at ll, B. C. Power 3-8 at els. ‘Irading was dull. 27 1-2 and Bt. Lawrence Corpor-

W e d n e s d a y and; throughout the list there were a Most of the other leaders were.‘

. ._- Saturday Issue

Montreal Power was fairly active ation 25 cents at 1.00.

' and slipped 1-2 point at a1 1-2. In-i Both Canadian Industrial Alco- ternstional Nickel which also st- hol stocks were down. the "A" 8-8

90c tracted some attention after inac- at 7 1-4 and the "B" 1-4 at ii 1-2.

601:‘

ioSterling Features Session

‘fjsharp Rally In

_. 5o By Frederick Gardner, 826,767 and s deficit of 011,628,171

15:18: Associated Press Financial Writer alter payment of the preferred div-

' _ ‘M (By Guardian's Special Wire) ltiend. This was the largest deficit . 25c

NEW YORK, Oct. 30.—While iin- since the first quarter o! last. year.

der the leadership oi scattered mcr- of continued bettelment.

ancial markets struggled rather The steel czorporatiolfa operations c leebly today, stcadying influences iell to 20 percent of capacity in Oc-

prevailed in most categories. tobar, it was said, but at present al-a o¢ ‘ Stocks moved at a mall's pace, un- around 22 percent with indications

i?)-

-- ~wmc cbandisixlg issues and other speciai- Foul- stock exchange memberships '1‘_'.,5_"oo|ties, managed toemerga with modest changed hands during the day, tbs

“up” advances in the majority. prices beginning at $81,000 and end- . 1s-2oc Commodities were not st all buoy- ing at $70,000. The latter was $17,-

1°° ant. but wheat and com aesponded 000 under the last previous sale yes-

‘ ,3; to s late flurry of short covering terday, and was the lowest since

10c with gains of a cent or so a bushel. 1932. Whether the silalqp decline in 45c Cotton closed up 10 cents a bale to the price oi nlenlbersbi was due to

1°: down 65 cents. ' the publication yesterday of the '_ ,_. A sharps-ally oi more than two stock exchange’: balance sheet, ;. s to l0c cents in the ound sterling attracted. showing a loss in operations. or to =-

Tlbc attention to the foreign exchange discouragement over the dwindling ,5

..'. .... .. 0c gall; ' ' ' ' " $546 was firm against leading European matter of argument. _ ,, 5c gold currencies. The recovery o1 While most. stocks held e. slinlzr,

36.6 r cent and trucks On the other hand, red ‘med m long-tcrm-itlterest‘ rates; and one Construction contracts awarded trend toward lower‘ rakes to private borrowers raise hopes nor further movement} In Mddltiozl there acorns more‘ hopeJiflfidi-l Farm product prices were up I-l any time ‘lined the ail-Ii 9! @116 M wllolessls prices in dspression,_that construction, wi _. N aid, _’ will’ ‘the v

Fresh cod

, . __ Fresh haddock .

were 3g pgf uni, high", | I Gen Steel Wares Corned Mackerel ea Imports gained 14.8 per cent and! business 31h

export-s 10.4 per cent.

Fresh barring ' doc U. '

genernlbein! 3.1 per cent hither Employment showed a gain

Pementage bond yields were mo: per cent lower than ill 1988.

Currencies

. P . -

If the its’! coiled s‘ in the world trend toward Fconr- piste economic Infill! that any-loosening of trade restric- t. ..- wiilsoon take plies,’ this "lust oer-conned

l YORK, Out 30—_Sterllng rose

Some Recessions Evident

‘There were a few reductions as N“ m"; 15:54‘- ccmpared with the tiliril quarter of favorable factor.

hiiliiiiiillll a...

‘as In g

Market's 1.4.2.4

niusi: L’ 11-16 yesterday.

Silver shipments wen down 6.0 - pound

The dullness of equity trading was up about 1 each.

sterling udvilnccd if, cant to 54.3754 larger than yesterday's aggregate Caterpillar Tractor advanced mo

or. salvo or: momma: _ suns, qnsnlnrrsmwlv Q

factured 800d: were 4.3

. on Montreal foreign exchanges today. which was the smallest in a. month. than a point following announce- “'“ m The Standard Statistics average for ment of increased earnings in int;

p°'°°'}§- 90 selected issues advanced two- third quarter.

The French franc was .01 cont at 6.44 cents.

i. ilines-Nnrrowly lower. stocks. irregularly lower.

Toronto blinas-Nilrrowly iwer. , New York-Stocks towel-

.\ixfll'mipeir—~whcat a little firmer. o

Wheat flour exports

N0'1‘1'CE'is"hereby iriveb that

, pursuant to 'l_)ecr_elta_l Ordsr of-jtne Cs".;;'h_ o2 Chancery made by the V Honourable, _' the _ Slice-Chancellor, in agcausethsrein wherein Peter ‘J. * ' _,' lilant and Ben- and others are‘ de'- fendants, ‘No. n_ sour wns. as? UP AND' BELL by, public auction on the premises on Thursday, the

Raw cotton imports were 11.9 per

. , (I ew herb-Cotton sml rubber low- er; coffee and sugar unchanged,

, .______€._____

P‘? is. . jamin Pidgcon

l) Oct S0—0fl'el'ings on tho two .\iontr':nl livestock toduy totalled 1,2413

The advances in Canada. were at marked variance with experience

O

Steel" fulfilled l expectations small fractional range.

wel-o composed of 418 cnttio, ‘I1 calves, 1°55, 31w;- opemtgng expense; of $9,- 191-,

in most of the leading world Definite recession we: noted in the United States during the period, the Beptcmberievsl .01

082 hogs lillti 74 sheep rln-l Close to 1000 rattle were lsto yesterday sftcrnoou

15th day of November, A.D. 1934. imba- at the hour cf 12_o'clock noon. ALI.

that lot of landwherecflarall J- " Pldgeon, deceased, died seised, hav-

1 gMiacellaneous ,

ed . . leaving n Q hold over of appv-oxllnntoly 325 on the l day's trading. Sales wore only effect- 0

ed by cutting prices to a‘ Pil. There were no sci-sight loads of 800d steers. A few steers of ulcdium (Jami-gm. m; W-fl-I) 10mm,‘ you,‘ annifllcgd incl-ens 1 gs qumlvy sold fol- s top no“. . tears were fi'0li'\’_l2.7i§ "m!" 1'“"'" Beauhnrnois . . . . .. ,,.. 6% 0% Graded shipments in Ctlfilflzobl‘ lea f

business being the lowest for, the Reports from the United Kingdom and Fmnco also indicate minor recessions there. .

ing a frontage or 40 feet on the birsll“ i"-

south side oi’ Highland Avenue, in Charlottetown, and having a depth of 190 feet, and ed on the east by land now or. ormerly own- ed by one, Tics. col-the south by land now ‘or former‘ of "William Wefis and on the west by land of Patrick Monaghan; belngla part of theMcflill eststqfree

be undsi-‘the direc- tion and subject to the approval of the‘ ssidCourt of Chan

For flu-thal- particulars apply Hon. H. 1'. MacPhee, Complainant's solicitor. (‘r-niottetown, or to the

D. ‘EDGAR SHAW. Nestor in

. , 1 . “wot spring vvhcot patents Flour seconds $8.00. .00. . M wuss: whost patents choice 2 gal $5.40 to $5.50.’

$1.50 to $2.50. Good cows w 82.50 and with a few tops st “Jllarheledium £55; 00W! 111118811 "Om $1.75 to $2.5 and B"; Amel- 0n common butchers were down to $1.50. C“ Mn]; with cnnners and butters nt i‘..i't'.'éi..f‘".iiisfil‘.‘“‘il" W with the hulk of the sales $1.00 nud $1.85. Bcllng was very close Home 0|; eighteen prices on 1m], Q“ ,_ R80". flinging from $1.60 to it. Olives were unchnngsd st $0 to for good vcnls with

Rural Improvement

Agricultural conditions are con- simmbly improved over a Year‘ cw. tbc immediate situation bcins

Yellow Truck Coach .. $1 anll Qmppgper-‘H,

almost all farm products and the r brightened bi the almost assured reduction in tho world wheat surplus in a more manageable level. The market for mnznrociured grods in many farm-

35 i Boy-Builds Plane ’ 'To Study Aviation

(By The Canadian Press) jPORT ARTHUR. Oct. 30—Vifhen 18 year old Olaf Wuolls decided on aviation" as s profession he also 1' . planned tn build his own aeroplane. The nlonoplane" model, Just coin- pletcd. has been pronounced per- ' foot in every respect and tested air- worthy. Assembled in his spare time the machine has a speed of 00 miles an hour and will travel 30 miles on a gallon oi gaso-

Parts for tho plans were obtain- ed from many sources. Borne were hand-made and others were puvch- m‘ seed. lied- a workshop. Olaf used th:

medium kinds 51.3mm“ _ f

from $5 to $5.15 and common ii n ~ "

vl-uls and drinkers from $3 n‘ Nommu '

Grnssors wore sold st $2 to .

Good ewes and wotbera were sold wnikm- [an-w ‘

25. Heavy lmnbs, weighing hr- wright H,“ __

15 lbs. brought $5.25.

$435. Sheep 2.50.

mmglim- Tack Hugh

last although con- d"‘.~ns throurhout the Prairies are,

Cuils and bunks were ranged from $1.50 to 3

Excziézvc/z

MONTREAL, Oct 30—Brlllsh foreign exchange in relation Canadian dolina as compiled

. ‘Y _rw1d.ruction remains the one 15-1072 ~

Cioorli‘

olruscls "rams" snails ms roolvo rsorns T0 vvslvnm

Iy The Canadian Press)

' SABKAIOON. Oct. ail-Fear that young people were lured from one ‘church to another by the promise of‘ extra coffee andundoufihnuts’ w; ‘expressed a a. nlee g ere o

. I

pres said competition semis’: societiu in the churches had bean carried to such an extent tbateven the menu was announced w"). 11 in the saiurday papers. r

Trade Improves . 0n the Prairies

and trend lit (‘illrugo counteracted hour-i to the ishnoss of Liverpool on the Winnipeg y the 0min Exchange inrlny. Wilcnt futures Itoynl Bank of Canada, closed toduy plvlcos cloned unchanged to it cent

Argentina peso 2542. Austrullu pollnii 3.8785 . $57.

Bl-uail lnilreis Algfl. China Bong Ken

Germany reloliamar;

government with regulation aviat and screws, struts and other equip- ment he‘ built the

L... Risk-Quicker Retold‘

Hungary psngo .2057.

s.-

and silver completed the let himself Just one year

‘so. United States dollar 2i‘ per ii . NEW YORK. Oct 80—-Forii.gn u- Dec . .. rim 1:15 1s

cent

-<4Iii“ »-

..,,,,...

Closing exchange rate '— M .873‘; U. !_

New York—-Pound 4.08 sdian dollar 1.02 ; fra . At Paria-Ponu 75.58 lo; 15 51 fr la

§ula 8

- Can- .

5 cogs 55%‘. 5'

s-nsdian wh ;_. - 15.11 rr.l m d: Canadian ' . dolisr sass Oct

an

in gold-Pound. 11s i dollar W15 cents; U. 8

.55

"plane to fly, the required of noun foo his aviator’:

i;

i5?

‘ a mos rams militia-fir sub classroom. roll ALBIITA ——-— i Oct. ao-mnn to

'ihl'baCaaadianPraaal AIIOILARLOot.

uas-‘giQfi

call fi

ao-cou mm a ton williloliowed the branchh

in 3

._'

Opened Last of one to twp cents por dozen fresh eggs to dealers today.

4% were geneln ly quoted at to 214i cents for A all-go, .717 to so cents

lot-I. 21 to 28 cents for B and 1014

. 12 case . t0 $2.50. Ford of ‘on A . 21 Thus butter market was gencrnil Ml"!!! Green Binbel 48 unchanged st 10$ cents to 19% con , . 0S er pound for carlots or less of no '

15% mall lots to the reoail trade were 20 11V; cents for solids and 21 cents to 21

57 lntl Pot 281/, cents {on prinita.

8050 ts ri

m 0 (I05 boxes.

(Canadian lrssa) WINNIPEG. Oct. {IO-An iliiiYllfii

hlghr-r. October n! 74%, llocemhcr 7515-51, and Dilly WK-‘A routs.

Not. luivuucoa of nlmilt u cant in the southern mnrkct, following Monday's sburp recessions. induced steadiness herd Declines of I/Q-‘l/atl st Liverpool. result of tbs weakness Monday of North American markets. had hut a temporary influence on local nines. News contained little to indicate s definite price trend_ bowel-or. nnd trnrilng was quiet and foaturnloas. (‘oniinu-z-d absence of substninod for.

r-izn demand {or Canadian wheat wns disappointing. Liverpool advices in-_ (iiPfliPd reports of rust in the Argon-i

lino were causing little concern! tlwre l

g vnlcaoo, Oct ao_. Wheat:-

cuss banking and law. He knew a Io

“i§‘.'€'12‘.’;‘.§;i Rl.'l‘.'.'.’..."i?.‘;°.‘.’. ‘.2’...

75% n a‘ "a, and helpful things which are roves

-- ‘w: g,‘ ' gallon. Mail tho coupon right now. ‘ continuous tifort of the Dominion May 407,4, '40 io-z.,-—-——----—-----—~ sex §lt (head a hi.

‘mm m! “Al: cavsmv nonsss roll. cums "' """'”?':‘E,:‘" "L" < neidealts of claim-n and amiss Columbia this -_- m... hat-ago. lulu-nuns p

the coming winter. A'yesr will provide so percent of ‘ EDMONTON, Oct. so-A survey sly-livery

it nearby is being i Canada's timothy seed d will be opsratcd as a merits. Prices are the hi by the rural munici-jyeara. At an average oi’ l5 cents acavslry horsesto Chins to meet a

a nae-r .0

"r is estimated to pound. Alberta's crop will be worth demand ca, ‘ through depart- fjig l» $200,000 ment- offioiab I Ottawa

msrts. At the same time the dollar volumeof trading in shares, was at,

sterling waspttributed partly to the groove during the colorless sesslom; movement of continental funds to several got up to new highs for the __ London. This apparently “epresen- year. Among these were Universal‘ __ ted fresh doub regarding the abll- lea! Tobacco, up 2% points; the Mc- _ ity of some i’ the gold standard Crory Stores issues, up fractionally 5- ccuntrles to hang on to the metallic to 2, and American Agricultural | standard. Chemical and Monsanto Chemical, -

pronounced throughout the ieature- Penniok 8s Ford Jumped nearly I; less session. The ticker tape was points, Bayuk Cigar advanced 2 and g silent for minutes at s. time. Cus- gainers of around a point included; tomers in the boardrooms were lew California. Packing, U. S. Steel Pra- , and notably unenthusiastic. There Ierred, Cerro De Paaco, Standard“ a h, W, hung" m“, mm. s,“ gg 1,, were further reports of negotiations Oil of California and McIntyre Par-A the foreign exchange markets today. between different firms for anlal- supine. At the same time, Home“ "i" 1° "-99 ""1 "mi"! gamation in order to pare expenses stake Mining drWDed 5, Hazel-Anal». ’ "1" °' "t Due to u... falling oi! of trading. Glass was off 2, and Bethlehem. , i The osmium. doling ,1... w" high. most commission houses for some Steel Preferred eased ‘.6 to a new, or. closing at 21/, percent! glimiiiinegg’; time héw: bee? figpring‘ in diff] 1103310? Etfilllldflfiilgflgiafizeijtllfri 25:11: , ransers or e oa- s n wen Y @

rm“ ‘VM ““°"?,“,"°" “t “um “M'- ledsaifii560 shares. This wssya trifle iilgs 98280611161115 ‘- q ’ a declingi

tenths of a point to 89.8. Such issues as American ‘Pele-a V.

Many operators hugged the side- phone, U. S. Steel Common, Console‘; line's pending the third quarter re- idated Gas, General Motors, Chrys- 3' I I T port oi the U. B. Steel Corp. which ler, Western Union, Montgomery _-. J appeared after the close of the mur- Ward, sears Roebuck, Santa. Fe. NY, .