. - .- , - ‘m, <

' Sltlbiilki‘ Exchange '

obllstdl sndwnrd members sf tbs Hunt

Ixshung u um (wit; 32$... no ulumiiuuu ‘gins: i.

Charlottetown Stocks Opened 14st Bnthurst A ..... M's 5'6 ll . 132i 12S ii 8 24% 100 30% , .. 7% l-i ‘ill-i lltl (‘nu (‘clu mun 1W1 ‘ Fun (‘our pfll . 541,4 (‘an llyllm l-tlcc pfd ~10 l‘un mi Al A . . . . . .. 85 l'uu ind Al B .. . . 7 (‘nu North l'u\\‘ . .. 20 (‘an Stcuul pfd .. '1‘ .7 1 (‘nu l"ur~ .. .. WV} 10% 1' (‘nus firm-it . _ 10L’ I04 1mm Bridge , 20 30% Dom (‘pol phi . 1511i 133 llolu (‘ll <11 phi llom l‘. s! l'l~lu fi 1mm sol-l (Hill R 4V1 llmn ‘JR-x 1mm . . 0R l (ll-u Stool \\'1|1'cs Ill“: liuuis .. . . 5% Ilulu Ilrillill‘ all Ilnil (ivlll .\l H00 lllfl Nickel . 271/11 lull Pow pf-l 47% 1.111.1- ur “Umll. 7%

Xlllssoy llnl-rlu .\lr'l‘oll From Sfnut Pow . . Null ‘Brow _ . Nut Sivvl (‘or Si: Lllw l‘1'|l Shnwlnluun .. South (‘uu Pun’ filer-l (‘u (‘nu 1'1»!!!

licel (‘n flan phi

HANK! forums-rec .. .. Xiontn-al . . I82 .\'nv.~l Svutiu . Roylll . . . . .. . 140 Bank of (‘cumin .. 6i

LOANS ON SECURITIES

(Cnnudlnn Pressl

lVASlllNtllulN. June ‘JO-Loans nu securities to hrokcrs nnrl dealers held by weekly rv-porting member bunks in

I New York City nulounted to $668,000.- 000 during the wcck ended June l9. representing ll dr-crense of $0,000,000 for the week. Tho loans for the week ended Juno 20, 1034, were 870,000,000.

lNNU-AL MEETING

The Annual Meetiugcof the P. E. I. Protestant Orphanage will beheld in St. Pam's Parish Boll, Prince Street, (‘in-‘ottetown, on Iridsy evening, June 21st, 1985, at 8 o'clock P. M.

Anumberoftrustoes are tobe elected to the board, and all contri- butors present will have a. vote. Complete prhltcd financial state- ments will be distributed and the work of the lnstitntim freely dis- onascd.

‘This meeting h wide open to the public and all are cordially invited to be present; the Clergy are asked to make this announcement on the Sunday previous.

IRA M. BROWN‘, Secretary-Treasurer. L-7933-6-l0-l2-l4-17-19-2

» TENDERS ,

ii

Sealed Tenders will be received by the undersigned until Juno 22nd for painting and poperlng interior of Pownai Church. Staging and all other materials furnished by trus- tees. Lowest or any tender not necessarily accepted.

s. o. nusnsor, ‘owunl.

§6§©4 11-7963-6-17-19-21.

FOR SALE

DALVAY-BY-THE-SEA

This property comprises about 160 acres of land with s. beautiful lake of fresh water and exclusive rights to one of the finest sea bath- ing beaches in Canada.

The Hotel is completely furnished with the latest and best Hotel equipment available-ready for immed- iate operation.

A wonderful opportunity to engage in the Summer Hotel business.

Terms of payment can be made to suit purchaser,

Apply to Box 506, Charlottetown.

EOTJFGEI?!

Audi-Ric ets

At A Gldnce

(Canadian Press)

Toronto and Mon1resl—ludustrisl- stocks closed lower. _

Toronto Mines-Lower.

New York-Stocks lower.

Winnipeg-Wheat up l‘ to 9f.

New Yor-k—C0tt17f\ and coffce hégher; rubber lovrsr; sugar unchang- u _ > .

MT’L. CURB

{Johnston ind \\‘urd)

Stocks ' Opened Inst Ahillbl . 66 Assoc Brew . Yi 12%| Beauhuruuis . . 3 3 I ‘Brew Col-p 1mm ... (ll-i 3'».- Brit Aluer Uil ... 10% Can .\lal\ _3'-"s Chump on pfd . TVs Con Pup M Dis Seag . 17 Ford of (‘an a . #5, imp Oil N’); Inlp Tub 13h lllil Pct. 15.31.: Noruullll .. 37W ’i‘cck Hughes 419 Wulkl-r Good . . 2.1-3; wuum- Good pm 17%. Walker Brew 310 Wright liar .. K30 (Johnston nod Ward) CHICAGO, Julie 20- Wheat;- lllgll Low Last 801,1. 78% 50% . 8i 78% Bl. all; e114, all/l 33'».- 3913 32 7'1 151/, 710,-’.- (H 62 63% 355i 34% 33H; 33% 35% 34 341s WINNIPEG. Juno 2U- Whblth- High IAlt July 81% 89%; Sept‘. S! 41: 339s

‘m.-

Currencies

' (Canadian Press)

NEW YORK, Juno ZG-The French frunc scorcll a gain of .01 of a cent in the foreign exchange markets to~ day, apparently reacting to tho rc- ductlon iu the Bank of France dis- cuunl raic. The closing wns 0.01% cent.

other currencies moved narrowly. ’.l‘hc Canadian dollnr again was ua- changed at s discount of 1-16 per cont while the pound sterling, closillll n; {-1.03% showed a loss of ,00li§ of a cent.

DOMINION OI‘ CANADA PBOYINCE OI‘ PRINCE EDIVAIID ISLAND

In the Probate Court 20th Gcoflo V A. D. I935.

In Re Estate of Andrew ll‘. Murphy Iain of Charlottetown in Queen's County in the snid Province drevnsed testots Retired“

By the Honourable HAROLD LEONARD PALMER. Surrogate Judge of Probate, lea, Ira,

To the Sheriff of the County of

Queen's County or nny Constable or iitrruts person within said County.

GREETING:

Whereas upon reotllfll’ the petition on file of Jnrnes A. Murphy of Char- lottetown nforollld. Rector of Sf. Dunstnsfs University, Alexis Murphy, of lllt. Aunes in said County, Former, and Mary Jean Murphy of Charlotte- town uforssnid, Widow, the Executors of the nbovo named estate praying that 1s citation mny be issued for the purpose hereins set forth: You nrc therefor hereby required to cits nil persons interested in tho sold Estate to bs nud nppcsr before rue st n Probuts Court to be held_ in fhu flourt llouse in Charlottetown, iu Queen's County, in the unld Province, on Tuesday tho sixteenth dny of July next, coming, at the hour of eleven o'clock forenoon of the some day u» shsw cause if any they cuu why the Accounts of the said Estate should not be passed and the Estate closed no proyed for In said petition and. on motion of H. Francis liincPhee, Esq. Proctor for said Petitioner. And I do hereby order that n true copy herr- of be forthwith published in some newspaper published in Charlotte- town nforesnld once in each week for at least four consecutive weeka froru the date hereof and that a iruo copy hereof he forthwith posted in the following public plumes respectively, namely. In the hull of the (‘ourt lloune in Charlottetown aforesaid, at or near the Royal Bunk of (‘nnuds and st or - near the Bank of Nova. Scotln both in ‘Charlottetown nforeuald. AND r do lrsrsby further order that n true copy hereof he forthwith served on the Attorney-General of this Province, so tllnf uil persons interested lu the snld Estate ns sforesnld runy have due notice thereof.

(liven under lny hand and Seal of the snld Court this lflth day of June A. D. i035 nud in the 20th your of Ilia Ialcstyfi reign. (SgdJ II. L. Pnlrncr Judgs of Probate.

IfiDM-d- 14-81-25-7-5

Tenders

For Goal

Sealed Tenders will be received st the office of the Commissioners of Sewers and Water Supply until noon on Friday the twenty-first day of June for delivery and trim-

ming in shed? at Pumping

Station, Malpequo Road, of

Five hundred (500)--.tons, more‘ or less, of coal. Said coal»

delivery

w be of the beat quality of this year's mining; to be‘ , bed on.City Scales at expense of tenderer sud to be ‘unrequited. Shed st the Station to be full on , bsr 15th next. Tenders to state price of fully screen- ed cosl ‘as well as name of mine. '

of ml to bs subject to the

p. manual“: the works.

quotation '

Johnston and Word's slum m’ Win) . sosuluo assua- u-r-rn

NEW YORK, N. 1., June I0—-Btncks were slightly higher st tho opcufnl yesterday and continued strong, but relatlvelyt quiet until shortly sfter noon when the President's press cou- fcroncs observations caused a shsrp rslly in most o! the utilities. Weak- ness in tho metal stocks in the last hour broadened to heavy general sell- ing during which the rails sud lead-

ing industrial stocks lost ground quickly. - Considering that some o! These

issues were, vulnerable to profit tak- ing from recent advances and nu fact that the tape fell behind on the downside, the net result st the end of the day was not wholly discourag- lug. iL- does, however, suggest cau- tion uulil ihero is more proof siubllily iu the present levels. Laidiaw and Company,

SUMMARY

.\'l‘l\\' Ytllili. N. Y“ June ltb-Gold iliifli 111114-111 ill London st 141s 116d. ngninst 140s ill/m Wednesday. Bank of England rate unchanged.

Pullman 1nc., directors meeting rou- tine. Dividend action was not consid-

ered and will kcn up st the July meeting. Department stores sales in the

lnttllopnlllllfl nrcn of New York gain- ed 0.3 percent in the 12 shopping days from June 1st; to l-llh, com- pnrcd with a year ago.

House passes Wagner-Connery Labor Disputes Bill. lilcasur-s uow goes to conference to adjust differ- cuces in Senate and House measures. President Roosevelt in his special message on new taxes, urged sub- mission and ratification of a con- stitutional amendment: whcrby federal liuvcrulneut would be permitted to tax the income on subsequently issued state and local securities and like- wise for tnntion by state and local govurnuleuts o! future issues of fed- eral securities.

lplilSlllfllll. Roosevelt iu surprise ulcssllgc to Congress, specifically re- cnmlucnds immediate action be taken on inheritance and gift taxes on very great inheritsnces on gifts, higher taxes on very large personal incomes and s graduated income tax on cor- poration income, starting st: 10% per ccnt and running to 16% percent in lieu of the present fiat rats of 13% percent.

French bank rate reduced to I per cent from t! per cent.

Nstomss Co. declared dividend of 20 cents, placing stock on a regular 80 cent annual basis sg- sinst 60 cents annually previously.

Senate hy vote of 76 to 6 snorted the Social Security Bill, Bill now goes to conference for- adjustment of

qua rterly

differences between Senate and House bills. c Ill’?! Low Lost Off 30 Ind 119.76 11.7.47 118.12 1.20 H) Rails 31.20 33.04 83.36 0.57 4° Bonds ‘ 00.03 0.01 High Low '1»: Up 20. lltll 22.41 21.25 21.84 0E Dow Jones. IANON SAYS

.\lO.\"l‘llEAL. Qua. June ‘Al-Prices yesterday fluctuated in n narrow raugmulltil not-m when s brisk rally developed in the utilities in response 11v announcement that the House of Representatives favored s Utility lloldiug Bill ‘culling for regulation rsthor- than elimination. 1 Industrlala. sad rails failed to move forward on the good new! and in the final hour broke down under a heavy Imrrsge of selling. Yesterday's sud- den disappearance of bids immediately under the market cannot bs regarded us conclusively bearish, but coming on the hl-cia‘ of persistent: signs of distribution I am inclined to View the afternoon's selling pressure as evidence that the market's internal position has weakened considerably.

‘Fl-odors accepted profits in indus- trials during recent weeks sud yes- tcldny afternoon I suggested accept- nuce of profits in rails. Since mater- lnl correction is not likely to develop lu the rsils I would not. be inclined to accept losses in this division at the present time, but where profits have accrued l would be inclined to llcccpt thl-ln for the time being. lftllltles uctctl very bullish yesterday null I suggest that existing positions be rcluincd. ‘

Market action in the gold shares was very mixed yesterday. Little Long Lac null u numhel- of low priced issued sold off while a fslr amount. of demand developed for the shares of Brslorna and a few minor issues. On the whole there was little in yester- day's irregularity to suggest early reversal of the down trend in the gold shares

Bacon.

BANON’! "NOON LITTER"

MONTREAL, Que, June Bil-Sell- ing this mowing hss shown some signs of drying up. Market's posi- tion, however, is still vulnerable. Any minor strength which runy develop should be used for lwccpiing profits In rails and tndustalnls. A factor contributing to yesterday's general wcnkllcss wns the uciiou of tho cop- pcrs which hrokc lluwn in response to the development of renewed wcukness iu the rnulkct for copper futures,

So fnr business has managed to survive the (ll-misc of the NRA with- out the occurrence of thé drastic ds- flation feared and fnrccssled. It is however, somewhat early 1o say that price adjustmcnts In general have lIr-en completed and that the worst is over.

American and Foreign Power Co. reported consolidated net income of $007,100 in tho first quarter of 10% before exchsugo sdlustmeuts equsl to 81.11 a combined share of $6 and 81 prior pfd stocks. This compared with net income nf $174,800 in the corresponding qunrior of 1034 equal to 20 cents s shsn- of the olnbined prior preferred stocks.

According to Edison Electric in- stitute. output of electric cucng by tbs, power and light industry of’ tho U. . lsat week vvss the best for any similar period in the history of the utilities sud wss tbs largest for any week since Feb 10, s period of seventeen weeks, Under the bill fsv- ored by a house committee utility holding companies would be regulat- ed under the discretionary powsr of the Securities and Exchange commis- sion. Roosevelt showed some modifi-

atxmdu srtgiusi vluw when he that mpsnles like North Am- erican su Nisgs

rn Hudson night business is ___ ‘ t prssentform. The ‘resident,

his attitude on tho elimination of "unnecessary holding companies." Roosevelt hasn't chsnged his philo- sophy at "soaking tbs rich." Tbs nmruic news that the President is snbruitt ng shill sdvocstiu various vvsys of redhurlbutlng Jun“, m.

h ow-

stlon is not likely _to contribute to-

wards business lemon.

eluded u grsdnsted 1s: foo eorpor- ‘

IAIINO LITTER Isdnssdsy Inning

NIW Y0§K. N. Y, Wheat clo 11.6 lovror nssrl s cont lomr. lfy advice to buy nt. Wheat from S0 down to possibly ‘l’! still hold good. Cotton closed unchanged and would still keep out of it. liver since the indus- trial averages wont shove 110. which they did for the first time lsst Fri- day, I kept ‘ "' for s ‘ k to near 111, as l indicated in those let- ters. ‘rodsy ws got tilst setback, when tho averages got down to 117.41. They could go n smsll fraction below that, sflor which tho sdvsuce should

Juno 10- snd corn

be resumed snd we should have quite s strongsnd sctlvs market next. week,

American Foreign Power ‘f per cent pfd made another, new high, 211,5, then reacted with the market to 24, clol- ing st S, The d per cent pfd‘ only went: to 21%,_closlng at 201,3. Tbs earnings statement will be out to- morrow "Thursday" morning and will be as stated by mo lilondhy. both tbs 7 per cent and 6 per cont should be good for 10 points more from hare. Phillip Morris reacted to Bl, closing st 51%. Keep long. Westinghouse mndc s new high 531,4. ,rencted tn 50%. closing st 51%. it can_still be bought near 50 for ncnr B0. '

Amn. Gss and Electric made a new high 29%, closing at 20. When it was l1 I said it would surely go to shout 80 before making s new low which low had been 18%. and it never solti lit-low 16% afterwards. Would still hold it. U, S.- Industrial Alcohol and Natl Distillers did not react. liccp long of them.

North American recommended sr- ound li ss s great Bargain, made s new high, 17% closing st 17%. Would not sell yet.

Bayuk reacted to 471,5 and can still be bought there. White Motor, us well ss United Aircraft, can be bought around 1I.

Johns Iilnnvllle got up to 5354 and can he bought around today's low, which was 50%. It should have a good upovs soon.

Ths rails went s trifle higher, then reacted a little over s point on the average. I still think they ought 1o go to st least 3d. Tho high rail aver- age today was 34.20, a new high since February. The sliver stocks also reacted, but should prove s. pur- chase around today's lovvs. Would still keep long of DuPont, your re- maining half of American Can, Col- umbia Carbon, Col. Pictures, Splegel

May, Radio pfd B, hut would not buy any more st this level. You down.

should be loos much lower You can buy use Threshing snound 54 and Wesson Oil at $3.

Baring.

M11v11vc

(Cunsdlnu Press) TORONTO, June Bil-Another day of drifting for tho Toronto mining share market accumulated a majority of declines over gains. Accumulative buying was in evidence in the gold group but. it was not distributed suf- ficiently to balance tho selling that floated in tho wake of the New York reaction, Individual losses were of minor proportions however except fon Norsndlfs loss of 91S cents in contend-

ing ugoinst New York weakness snd another cut in the price of copper.

in small turnover F. Bridge lost 5 cents, Sudbury Basin S. Sherrltc and Base Metals Corporation 1 each. Sil- ven issues boarded no change aside from s loss of 1 cents for Eldorsdo and 5 for Nipissing. Premier gained 4 cents to 1.62.

Most. of the oils vwro dormant. Royaliis was offered down {i0 cents to 5% and Chemical Research closed unchanged at 1.86.

TORONTO, June 2)-

Bralorno . B R X

Buff Ank Hunk Hill (‘oi Ellm Cal Oil . (‘nu Mai (‘en Pat

' Cuaiie '1'

Chcln Re ffhlboug

Clericy .. (‘oluulal-io

Elllnrsdo . F Bridge .. Gods Luke Golllsle .. Graham . Granada .

.1 M <1... ,'..

Premier ..

Read Aut lied Lake .. Reno Gold ...

Robb Mont Id ifiues

Wood Kirk

IV. Y. Stock: Exchange

‘ v

1:4 n“ "

ABUUHQLGOSQP

(Stock

q furnished w Johnston and “Wnrd. Iwbm

'.

u. WISH T0 ANNOUNCE THAT. Richard C. L. Miles has become associated with the Invest-

ment Department of this firm

.n0uN§§g§::§mdH3

mmtruvslsvvlrubalsosesl-rurusmuawxulom

Montreal Stock Michael'-

I Curb Market, 1M Richmond Strut.

Charlottetown»)

sma- 0W"! .11: Rel] 1-‘11 Aul For Pr lllll Alllcli Chclu . 1465‘: Allis (‘hlllnl gov. .\11 1m Alli. Aluvr Cull 135 A111 For 4% A111 Locu 14 Aul Pun" Lililll 3V8 A111 liud . 14% Am $111011 ill‘; . , - 41 .\|u Sugar ... 57 .11.. ’l'cl Tel 125% Am 'l‘oh B ... ...

_»\n (‘opper . .... 13% Aichison .. 44% .!\ilil|ll'll Auto , 20% lllili Loco ... ... - liilii Ulliu 11% it...“ A 5'96 llcu Aviation _ . . . . . . . .. llll/s uuu. Slut-l . . ' V» Briggs .

Iiyl-rs A s1

Ilurr Add Much

(‘on Oil . .

(‘nu l)r_\' Gill Alc 111% l‘1\ul'n<~ .. 10V: (‘use ‘Phrosh .. , 53V;

Uil si (‘Oilllll Col Fuel iron .. Col Gas Elem: Com Sol Con Gus (‘on Oil (‘.011 (‘an . (‘urn I'ro1l

Pilot: Auto I. C ldlcc I'o\v Light . l-lril‘ First. Natl Stores . Frecpnrt ‘Pox . (ion Aaphalt. ticu Elcc Gcu Idooris Gen lint Gen Pub Ser . . . Gold Dust. Goodrich ltuh Goodyear Ruh .. Grcllt. North pfd

Great West. Sug

Houston Oil l-Iud Mot

Intl Nickel . lntl Tcl

‘Johns .\lun .. Kan (‘ity South ... Kclvinulnr Kcn Cop ,. Lamiu-rt ('0 Lig Zilycrs B ... Liquid Furl: ...

Loews ifll'0f|l .-

Lnoso Wiles Bis . Ziicliccspurt Tin

Muck Truck . .\lllih Alkuli “ids Kan Bliss I'm: .

l'r d Natl Pow Light . New llnvcn New York (‘cu North ,Aulcr North I'm: .

1111.11» 1mm ‘ til-us

lie iron Slccl Sn (‘way Niorcs .. Scars Roebuck ... Shell lfuiou (lil

Siln Cu ... . ilolllll l'ul~ _.. . . . . South ltuil ...