OCTOBER 3. 1932

STOCKTFTB ozvosj (311014

' 111E CHARLOTTETOWN GUARDIAN

7712005

Montreal Stock Market

r Qll0tdtl0hr

(3 fllirs Press) fltocks 1 M. 1,5331‘ Abltllll ... . Bell roles d" 1°? Brazilian ... ... db (pa Cement ... _.-. 4% 4% Can Cement ... 2: u (Jail Cllr ... 5h 5b Ccllluess Pfd .. 10% 30% (rm, Hydro Elec 527 o;

Increased ' Price For 'Fox Pelts At Autumn S a le

C, M. lnlrnpson and Co, l.td,, re- port by cable the following:

Black and slight silvery skins 5% higher than last Spring,

Quarter-silvery skins 30% higher than last Billing

Half-silvery skins 20% higher than last Spring.

Three qliartcr silvery skins 30%

higher than inst Spring.

Int. Nickel At Low Rate Of Operating Now

PRUBUBH

(Canadian Press)

MONTREAL‘, Oct. 2—-Butter showed the least decline as regards dairy re- ceipts at Montreal last week. Butter arrivals totalled 13,210 boxes against 3.070 in the previous week, a drop of 700 boxes whereas iu the-same w-sek inst year the seasonal divop was over 2,000 boxes. '

Egg receipts again declined sharply, totalling-only 3,825 cases against ll,- .’l0il cases in the previous week and 4,4710 cases in the same week last year, (‘lieesc receipts were 20,770 boxes com pared with 35,044 boxes a week ago and 34.831 boxes» a year ago,

United

SUDBURY, Oct 2—Although inter- national Nickle has equipment cap- uble of handling 10,000 tolls of or: per day, yet the average at present is around 1,000 ions, Since comple- tion of tbe great reduction works, it has not been possible to work nt full capacity. As a consequence it has not been possible to iletelliiiiie llic actual full capacity. Thero arc those at the mine who believe that lllihoilgb the plants are rlited at 8,000 tons, yet

i ndus A1001!

Fulfil u. ‘ H lfizs; 12% 1:3’: ‘ " -'sililtt Plow i

so: ...... . m». n». on ‘1|.,|. Hteoi Coal .. 1% 1% 1% 3.1a» Dairies ..., ... '1' 7 7 m» Sickle . 10% 1min.’ of Woods .. .._ 8 8 8 Massey llarris .... 4% 4% 4%

-J\l<iiit Power .. .. .. 30% 39% 311% Nit llrewerics .. s. 17% 17% 17% Nat Steel Car ... .».. 11 101A 10% Power Corpn ... .. 13% 13% 13% Quebec Power . 51/: 15% 15% Sliawllilgail .., .. 1711i 17% 17% Steel of Can .. t.» .. 20% 30% 2111/1

Canadian Gov’t.

, was taken in reslwnfle d t clamor. The new rule is broad ennuirll Oil m Qflfef almost any conceivable . breach on the part of a specialist. But

(Canadian Press) (DNTREAL Oct 1, Government Bonds

‘Refunding 10-10 .. lCoavcrslon, 47-08

0am nseil 0x25 912s om 912s

Bonds

Sprlil Spring,

the governor of thc Stock Exchange in prohibiting members or their part- enrs from participating directly or in- directly in pool operations in stocks in which such members are specialists

“an with this sweeping provision thc Exchange authorities have not entire- ly solved the problem, Ccuseless vigi- lance is now reqlilffii critics of the specialist system,

binue to raadlust salaries upward and

Silvery skins 30% hlsher than l“!

K. Inferior sorts 25% b18119!‘ than 1M

Topics In

Wall Street,

NEW YORK Oct, 2-The action of

to a rlslnl!

according to

Prosperity In Wail Street

While many commission houses con-

Exports of cheese- to the

at the same date last year,

cents, Graded prairies

of No. 1 cum-out make. The par lb, for Ontario's alld 10% to i005 cents for Quebec

hlontreal whites. v . Misenllsnous MONTREAL, Barley, western, No ii western No Flour,

2.75; Flour white corn 4.20:

24,25: Rolled oats bag 00 lbs, Hay no 2 per ton car Cheese, Ontario 10h to Quebec 101/; ta est 20% to 20%

11:

cents. Eggs

Kingdom during the week from Mont- real were 44.024 boxes against 30,531 boxse in the previous week, bringing the season's shipments to date to 050,- 042 boxes compared with 040.000 boxes

(‘losing prices follow: Eggs, graded Ontario's: in carlots or less, extras 30 28 to 30 cents for extras 21 to 22 cents for firsts and 15 to 10 cents for seconds. The butter market ended the week at 20% cents to 20v, cents per lb. for carlots or less cheese ninrkct ended 10% cents to l1 cents cents

'i‘he potato market ls 80 cents to 05 cents per 80 lbs, bags for .N, B. green moutains and 40 cents per lb. bags for

Canadian .37; Oats, Canadian ,3l; Oats; feed No,.»1 30; spring wheat patents, firsts 4.00; Flour seconds 4,00; Flour bak- .ers, 3,00; Winter wheat patents cgolce ran, ton 11.25; shorts ton 10.25; hfiddlzilégs lots 10.50; Cheese 10%, Butter N0. 1 fin- first specials in cartons S0; Eggs fresh cx- tras in cartons 87 cents; Eggs, fresh .1 firsts in cartons 81 cents; Eggs stor- age extras in cartons 8i cents: Egg

there is no question about being able to handle upwards of 10,000 tons a day as an average-or a possible maximum of around 12,500 to 14,000 tons daily.

Under normal conditions, the. ore of between $20 to $25 per toll gross. To handle 12,500 tons per day and re- rover $20 pen ton would he to produce $250,000 every tlventy-follr iiours— or a rate of some $01,000,00 annually.

Although the current rate of operations, a mere skeleton of that which ore resources and reduction works would permit, is disappointing to those in charge of Inter-national Nickle, yct attention is turned at times to the records that are possible under reasonable world demand, One close student of tbn mines and irorks of the company declared that whcn- ever these mines are permitted to at- tain’fllll capacity and draw ilpan the higher grade orcs of the Fronll de- posit, tbelc will be times ivlieii as much as 400,000 tans of ore will pass through the reduction works annual- ly and when upwards of $8,000,000 in bass metals and precious metals will be produced every 30 days.

Despite the idleness of tho greater part of the reduction works nt pre- sents, there is still n spirit of optim- ism in and about the mince and works of International Nickle Mines.

BUNFERENBE

WASVERY'

SUCCESSFUL

Youngmple 0f

. . u

I unity United Church

i MONDAY

ZOO-Trail Rangers regular meet- ing-Soclai Hall.

7J0—Wi1ling Circle of King's Daughters-Social Mccfing _ Home of lvfrs. C. T. Low- ther, Brighton Beach.

Wedding Bells

An event of more than usual in-

Gonvened in Annu-

ral Christian

on international Nickle yields a vnlue'

,meetings were primarily of an in-

poln Coal ... ... d0 50 50 to increase their staffs, they are dis- lfontreal Pow Deb . 4d 43!‘ 48 couraged somewhat hy the recent shrinkage in business. These houses

Tax Exempt Issues are erpandlng cautiously. They fln

‘ that as a general rule they cannot

. Bid Asked operate profitably when the average

1 Nov 1033 ...' ..~.. 101,80 102,00 daily volume falls below 2,500,000

1%. l, 1 Mar 1037 .... . 0% 1 Dec 103T ....

Taxable Issues

1 Nov 1082

5%. 5%

i ct . 11,} il5 00X’. 1044 .

1% 1 Feb 1042 seso s.-

I, 1 Oct I000 ...

i081 Conversion Issue!

i: 4% 1 Nov 40-55 ... 91,50 f3 GK 1 Nov 41-57 -. . 01.76 (‘A 1 Nov 48-58 .. 08.50 0% 1 Nov 40-59 ... 00,25

Notional Service Dolls

10 Nov 1080 . s 1B Nov 1041

lion

, R. 4% i051 4

ill

(\Vl) ss ' in is hi Ha;- Com 5 l B.

Kl

(Canadian Press) _,W'lNNll’ICG, Oct 1st.--

5 cnosu

Wheat: Oct 4014A; Nov 5015B; Dec

110.25 11, 108.20 108.

Dominion of Canada Guaranteed

Commerce ... ... - 165 105 Montreal ... »,,, ,,,' 1m) "m Nova "Scfltlfi ... .... 270 270

oval m7

'_ ... .. 107 sales, shares 8,840 and bonds

Grain Market

shapes, Recently it has fallen far

short of that figure. 09s Ist Irediotlon for Advanea

l! it was the intention of s RrouD of powerful bankers and industrial- lsts-the mythical cligue to which Wall Street traders refer as "they --io bold stock prices stationary in September while the market stabilized its gains of July and August, thc task has been performed with mathe- matical precislon, Yesterdays decline of 1.73 ill The New York Times aver- age of fifty stocks brought the index to 05.13. This compares with the fin- ni quotation for Aulfllfl". 01' 135-32- Tbe not loss for the month has thus has thus far been smaller that for any month since February 1020, when the index advanced J14. T119 6111111111!!! of the market this month is intervfet- ed in different us." by broke" Some believe it reflects realizing sales while others say it represent! the laying of n solid basis for a hi5 M1- vance in October.

Survey Indicates Business Recovery

Repllel from questlonslres sent out‘ by an investment 0381111011011 t" banking concerns in large and small communities throughout the countliy furnish definite evidence of an lili- turn in general business, especially retail trade. The labillation of 450 answers received to dale showed that 344 or 75 per cant, of these institu- tloiis, found retail trade iii their com- nlilaltics bad improved definitely “in thc last thirty days. A total of .58 reported manufacturing business gallillig in thcli- localities,

GABOLINE PRICE CUT

Kentucky Standard Oil Announces 5i to I (lent Reduction

The Standard Oil Company of Ken- tucky yesterday reduced the service- station price of gasoline 1A to 1 cent a gallon throughout its territory, which includes Kentucky, Georgia. Florida, Albama and ‘Mississippi, A uniform cut was not made because certain reductions had been made be- fore the general one.

' this proves to he the case, if, N,

5. atornge firsts in cartons cents; Potatoes N. B, green mountains 80 lb, bag 80 cents to 05 cents, Potatoes illgntreal whites so lb. bag 45 cents.

Czanadais Credit Is High In U. S.

NEW YORK, Oct 2-Cansda's cred- it stands high in Wall Street. The is-

'I,‘he Improved Bond Market

Musrs A. E. Amm 8c 00., Ltd, in their October list say: Probably the most significant indicator of the marked change and growing confidence in European affairs is

found in the oourse of central bani: f 60.000000 ff syglelro Dllrnlnioil ofoCailgdopeg-ollinilolig; ‘imonell Yalfl- W311 79597175110115 35 offered in that market was flamed-to den", me movement of these latcly oversubsrrlbed an in the course g tho‘ day vTnt Ltod a prcluiilln. 175,“! "Presented the mlfllslty of envy ta ngs y on on were re- ported, with the probability of a emergency dmands m’ funds by ‘lfarger sutbsclrlpltloia "hill: "that centlg-e , banks end govemmerlts. In the 8.0- ninreo to‘ on s a ecu sva - able. The offerings afforded the first mmpanyhm chart u ‘how-n the {salltgst otflCauadfs- credit ratiéslgttllu 0011136 Of an BVCNQB 0f the d18- ai .tree n many raon s, an e _ results were all that could be desired. eount “b” o: Auatfla- Great Bflt The offering vms for reéunrlihgqiiiri gin, France, Germany, Hungary, rov a or omnon o Ycziilislis 0on5 csosaisi National Rsil- Neihefhlnd-i "id swlimmld- °5 111° we!‘ oillisativmll. fgghlilm "181" Federal Reserve Bank of New York. min ens o g extended. While there is a strong sn- Th9 85151193153 o! the flnlndfl tlpnthy toward extending our com- storm m gnu-ope was accurately m. initinents in ‘Jew York on account of , thlc ragai-‘lesl of the ctxcbange situtatlii- 51901511 211 19116 T156 111 111E QVBTQGE th s rt ciiar oper- on was sn r‘ y loglcarlfl and sound under the circum- m ‘Nu’ similar]? the passing of the alliances, t l t t storm was s-grial-ued by a rapid fall pl-int o spools mores arose out of the mi that some 810,000.00!) 1” “m” "m- Qt the ‘hon-arias we for ‘Cilllviadian Under usual circumstances the i‘. t! l.n Yni luy ‘supposes, nr caring ililitnthe (‘lovsmment is prepared to passing or um wnswn and the ioiifléw clhe lI-cciwmmenrgiilloiis in ti“; widespread decline in short-term Dii omm ss on's a way re or with respect to the Government £2110; mwrwt rates would imvgsifoungoa’: i’! immediate response 1n ng n prices. in this instance the sev- erity of the shock made investment capital exceedingly timid arid it was not until March that British gilt edge securities had a. convinc- ing rise. Meanwhile in the Unit- ed States the banking crisis was deepening and it was only through

tftcr directly assuming all . , , obligations, There is a belief current in financial circles that there is end to direct C, N. R. financing. ‘if R. issilcs will no doubt command greater favor, especially tbosa issues payable

in three markets-Jsondnn, New York, and Canada.

.Mining Stocks

BIlA-iifi- ilnvliavni § . _ . _ Th St ndnnd Oil Com any of ln- - _ flézy,o'§cf‘figéfi°fhz‘aé,ff° as. dianne ha: cllt 82171004105310" prices d. combination of internal PM?!‘ 0%. . - or regular and premium grades of wnnfl,“ Pm.) gerloy measurm and legislation and “aiognii f 11in“ I "m" at mum“ T°R°NT°- 010-. Minins orwta- the evidence of success at Lous- oasss rmosls l" ° ° - ons— m t N I 1 h d 5o N 1 Stocks Hlgh r...“- Q1055 snne and tho triumphant course 0f ea: o. r ; , . ‘ 49%; m,’ 2 m,- flflré; N2? 3 D1,, “V: . _ f)" 3Q”! 312% 3%,,‘ the British Conversion Loan that no, i nor 44%: No, s n11.4- No s Aiultv 1 1 1 pressure was lifted. sou; Feed c214; Track 401,4’; s6. 1 3w Or a1‘ llmlilet 24 as 2'; N, m. 11",“, 40% A,” W’ *3 "W The response to ciiang mo Y Eiffintslé Nihfz 521v. 84%; No, s c, W. Arno 2v, 212 21,, conditions, while it has been be- " i X e : N. : ‘ . aw 2 ma 10114,: liilecish iiife-drioslglr 21.82% m, B Hg" "2" “'30 lllxggylilclfrilllls ... 1411i i411: “m1 m‘ m‘ “Minn” h” bee“ Elifférley ma“, , Amer Slip llovvx-l :1.‘ 012 0% 011's 1111'11~'"‘“1 -- -- 3 3- 1% oonvinclnl- Throughout 1571179176 .. . _ ., <3 w, 321.5; znriwm-sageg 8”". éririGiiisnrti-sliil A." " ‘in "tr-Li's" .'.',', 1",‘, ','_ 5 anxiety and fear have bocii part1. i figural-soda, azggvkzlllarc. gm" ‘r ‘_j_ '_'_’ W: 4 ‘ 4.1;, _r'.1i’iasa ... .. 3v, w. W. ally displaced by constructive act- i» c. w. =2»... °- w- 2*» l:...'.'°:.".::".s" -.~ “it Fiir;1“".'.""..:-:...-.-. i 1 r i... i." o. one sol»- o- to —"—_—*—-———-— {at legs“ , , m,“ 10y, 1nd, ‘Qialrlrlorflllrliléig: ... 1%? iizig o; banking liquidation has been o . ag ll ., 1/. my, 101/," v > , --- _ f, t, f forwud Foreign Exv/vanze l‘. i": .122‘. r if‘. *4. ”‘ ’“ "‘ ZZi§22°‘Z.T°.§§.Zf..Z“..Y .... ... 1 ..» .... l ' ' __€_____,_____ fllonirstenil . ‘l 0 _ I d i MONTHEAL’ Oct 2_(cp)_aflt. . gzirigcglniitoltl 2g o‘ 2a of a transitofy nature is oun m: "l! Mid foreign exchange lmreistion Kirk 1' 2 M‘: 2 the downward course of momy In. {Ibo Cllilnlllnn Ilollili‘ as compiler! hiacriss 2n is» 1n es and the upward trend of bond l,» R ~ , _ . tildnyensoloqlolxrlk b! 0mm" cm"! Yflrk Stflcks §i’.‘.'.'...§.’§"'.'§.. 1;“ 1,1,1,‘ 1' Places. These basic improvements Avrenflml nern 0-2809. inning ("arpri 14a 140 14o sr the origin of strength in the Alllirella imniul '8 0538 ' Illloss ‘lilacs ' 2n on 2n e 3m“ ""1"" 0-0052. ' or...“ H, ,, I , C, M, ‘hairpin? .'.'.'.'. 11,5 “w, iv, 5°“ malkets- gaalrsskfllgzggfikfiillgg.‘ Iran-a Chem m’; 3,7, R3,, lgfiuzhclr‘ 51,4 4v. It. is not the pert of wisdom to hmm’ m“ ‘mm ' iifiersnlilfiii F " 10v‘ MM’ 10' K021113111“ I ' " "his "r1111; PYOPhBSY in s. changing and un- ilsiflnnnlirlillifilishixsz: Q7513. Am ended‘ n: i: m 18% ‘§"""‘"n"',‘ " “'1 "13, 35 settled world. Yet it is 019M‘ 11101 a sllilniiy "m “£11111: . 6L illcrlilgoncoppcr ' nllllnalit I...’ f“ m‘ lll- ill,‘ l; continuation of 1119591111 cilll-‘mlctlw .... ... __ , .. iv 0%»- m- so." - .... .. .. also.“ -- - l: a wow fro" .,, k . , M, ,, w __ __ ... .» . , s..;§§,".,,1:,;'°,,g-,',?,§‘-,_,,,,_ Can Pac .... 11v. m4 1m iflmmltrfiffl - 2% 81mm‘ 15° ““““°‘“1 c°ndi1i°m m 3113?“ skmn” 0'10"" 5111;201:0111; 'b'iil3" " 24% i’; fill lint-sill}.- 10% Eumpe- “d lead 1° 9‘ trans “on m n e tt ll . ~ - ' ‘

‘M premmanes do ar 1o sis g N, m, 50m“, “if M} my, 3001315122215! nos the United States from what have ‘ . . ° " ' “is?” “m”? °“§Z.‘“§.“°i..‘l';‘l; , ‘ f l lif Q 81‘

.1 he Montreal ghlfiiiizgé, . 211/. m m fépfof,’ if,‘ wmfl, ,,,,,,,,,,, ...,

Total snlesdlilijoo,‘ ‘based on the return of boarded

CW5 Market ha"; savor: -;- fir. ‘i... .....r....rms-onb==nr-.

(icn Foods ... ,,,, n a“ 3o m“, Mal-s .... ... .. 30 9 29 ‘m our clients therefore, we ex-

am,“ (C"“'*‘1""‘P£°,",:L c, rhllillsiunl", "QT $1,, press e. conviction that rlslnl; quo- ssd lglelw .. .. oi; 31/: 3.“; lglglilgnr-fianl-é. T‘. ,, W, o,” W, Teclr a are sea am “mo” M. bond, have been justi-

swo 11 1o l ' " ' . _ A_ 0,, m,‘ 1m 1g,‘ oivmsrsn fled by underiyins 001M‘, aiiharsois 16% 10% 11,16 guy p", m,‘ ' m,‘ W, 1» w. 1» si’.i'8$.i‘f.°".'".' iii iii {i3 “m, Bit "l6 "l6 Hudson Bay mill 355 ass D 8g,‘ m M Nickle . .. 114100 1T0 loco _ - mi baNr-In th's city on Oct 2nd llnioa ori ids . 1e ‘In a a s 9“- l-Iong Kin‘ ohm; mum’ um llnion Pancliic .. 11% 1o in 1254 121,5 193g, Jqhn Joseph Gallant, age d - ' ' U, S. ubber ... .... d a g 71 ‘Ill 77 d M John sorted six American airplanes vslu- Vanadi .. m2‘ 1m l; lows ... .. 10 m4 1o months. son of Mr- =11 "- ~ v mo» uw-w- vac-lair" -- ...’: i: a "dill ...-...:- v i" v -<=»11-»~~=--M=~ ere mo“ ' ‘ l‘ lodsv: RharosLflIi. hllaes 2201a this Bfi-efiwim vii-manna? r sl ma», ~ ' ' 0 I I 2 2. 5.

, 8M1. villi-tea ’2.m="i-§i.i2io,u.m“°' SMALLWOOD-At the Sacred

' ' w" um: Home on Saturday. Oct. i,

a “'*| I m I e Mrs. Chlrlotto Smallwood in her

1 is“ 02nd your, widow of the late James

»~» " ~ i- . l ~ ll r = ,- 1w :1,“ Bmsllwood. Funeral private. from

.. m. .. ,, n,“ m“ m “m” ,_ m‘ u.‘ i!“ residence of her daughter, Mrs.

3on1 in every other respect" than offered by outside 1 1, .Msleohn Gillis 33 Alley Street, mun“ m. m m 4 lthis. létende . afternoon; interment

.6“ .... ... "4 "y; l: Peoples Cemetery. Please omit

Gel In ‘ oil s u sr sun s s s aw“

Church.

The young people of the Churches of Christ oi the province met in conference at the Central Christian Church over the week-end. The conference was one of the most largely sttriided and most success- ful ever hold by this group. The

8111110101181 and educational nature, and were regarded as very profit- able by those who attended. The theme of the conference, ‘The Church's Missions," was developed V813’ Clearly in the sermons and addresses delivered by ministers from various congregations. The young people carried on the devo- tional and business sessions.

On Saturday evening following registration, the vmitlng young peo- ple sat down to a sumptuous re- past in the annex of the church. A brief sing-song was then held.

Mr. Fred Norton, Cardigan, was the leader of the firs; devotional service. The visitors were welcomed to the conference by Mr. Robert Show. The response was made by Mr. Howard Ling, New Glasgow. 1h a pantomime presented, lvllss Emily Platis and Mr. Theo. Ling were readers with Mr. Fred Wright solo- lst.

The sermon of the seslon was preached by Pastor E. J. Chisholm oi the Cross Roads Church on the subject, "The Church and Christ Its Head." The relationship of Christ to the Church was clearly and forcefully indicated, as the controlling power and fundamental factor IFVGVlGEIlOOG in the life o! Christians.

The second session opened at 10 o'clock yesterday 11101111118 W151’! Ml‘- Ire. Crozier leading the devotional service. A very profitable round table discuss! r was led by Prof. L. W. Show on the subiect, "The Church's Place in Education." The place of Christianity not only as on essential but also as the prime-l’! fundamental to successful livifl! was pointed out and discussed lucidiy. '