MAY 16, ms.

YES TERDA

I

i... GHARIJOTTETOWPT GUARDIAN

PAGE 1 I

neu-Qn- . .~

subscribed.

Saint John

P

w “w ‘ ‘ ‘e A c‘- ¢=;~"~-~_-~ - ~- We oifer- l i _ New Issue of ’ DOMINION 0F. 0ANAOA~ ' 20 Year 8 l/l Bonds due June 1, 1955. Price’ 98.50 and accrued interest to yield 310%. . . I ’ I Denominations $500 and $1000.

Kindly notify us oi’ your requircmenislat, once as it is expected this issue willbe heavilyovgr.

>EA$TERN SECURITIES BOIIPNNYiLTIl ‘j

W.H.V.

...... E

hurrican- liarlotteoown

trial stocks higher. Toronto

New York-cotton

lower.

Miscellaneous

i?

(Canadian Preq) Mommiian. May 15-

Wheahnorziofl 94.

Baricmflwnosss.

0a.ts,O wmzsii. Oats,C Wnosio. Oats, teed no l 44.

Flour, spring wheat

choice $.40. Flour seconds $5.00.

Flour bakers $4 00 Flour winter choice 85.00 to $410- Fiour white corn ‘$5 Bran ton $27.25 to Shorts ton $28-25 Middllngs ton $30. Rolled oats bag 0 n

O

Eggs in cartons A large 23-94 Eggs A medium 39 to 2s. Eggs B 21 to H.

Eggs C 19-20.

Potatoesjob Que 90-40

N B misfit.

P E I nits 46

BITIX~—ZQ 9G!

tins lee the price o!

live. B11639 Ind Cards. Guardian Printer-y.

0B SALE —

Paper suitable rugs, e"c. Guardla

FOB BALE-WHEAT

John A. MUCPDOIBOEI, Believue-

FOR. SALE-TWO NEW" FISHING Dories. Bpurgeon l-lickox.

shaw, PEI.

‘on. sau: on T0 at St. Peters. 139 Kent‘ Street.

_

WIT!) ROCK CHICKS W)! June, 011.00 per 100. BXPW" P" Everett i-lowatt. Carleton.

F03 suit-VIKING. disease tree, raspberry Plmfl- 101‘ $1.09; 0335 PG!‘ 10° ,- 1". S. Reeves, Bout-illicit.

Nil. ‘ SALE — Sll horses, iumlture. Blooming Point.

w Y . Q a healthy Senator Dunlap. Packed indamp moss. P119114-

8i.00. 500

Wanted '

wan-mo -.. sumiaa oorraoa

for July. Write N.

Guardian.

Mia tnell.o.o. selicafeiente

Ma rk e ts A t A Glance

(Canadian Press) Toronto and Montreal-Judas-

Mlines-Base metals and silvers higher; golds lower. New York-Stocks closed higher. Wlnniper-Whect slightly lower.

her unchanged; coiitce and sugar

l wheat

worflthreelnaee dtletl).,

17gb in filial!“- For Sale

FUR BALE - AUCTION IOITI' 500i’!

HEAVY \ tor placing under

LET — Write Mrs. Sellai‘.

cattle, machinery. “Mo. Stephen McDouflll.

WANTII) -- TYPIWIITII. hire is: three months.

Help Wanted

and Fsilille. Wllltod ' Charlottetown tor Dominion Civil lorries. last day ici- June 4th. hill part

l0.) II-Illlel-ll-ll-I.

hisher; rub-

patents,

patents.

.50 i015 60. $28 25.

Advertising ilateE-Payaiils- In» Advance .

pas ward: Western all

0'0.

Whist

Central Job

Nov. l-tt- .180

n Odiee. - S-TI-tl.

(STANLEY) . 31571-0- 15-

Bon- h-liilii-o-lli-Si

L-‘Itill-B-lfl-Si.

id. L-lbfl-B- 16-51. CERTIFIED

JMM-B-il-fli

Ell’, P165.

Ii-‘Ibld-B-ll-Si

for

Guardian. blliail-I-ll-sl

A L-TMI-B-ll-

ie arsmll Civil service

. ‘o; Iallll Appreciaalon, ‘It. IC

v . l

LHANOI:

~(Canadian Press) _

MONTREAL. my lit-British and foreign exchsnss in - relation to the Canadian dollar as compiled 51W! WWII Bank. ct Canada closed today. as ioiiowsz-

Argentina. peso 4519. -

Australia. pound 8.8066;

Austria schiiling .1681.

Belgium beige. .1903.

Brazil mflreis 0500.

China Hcng Kong dollars -.6000.

Denmark krone .2100. - i

France ‘inane ' -

Germany reichsmark

Great BPIIAlIPPOlIIldWZBTBI.

Hans-cry new 4971?

India rupee 3690. _

Italy lire

Japan yen .9874-

Jugosl-avia dine!‘ 1%.

New Zeal-arid pound 8-0868.

Norway krone .2456.

Pclandalotl‘ .1897. '

South Akin-l. pound 4.8501.

39am $0M‘ .1061. - ,

Switaeriandrranc ease". _

United States dollar par.

Closing exchnnge rstkn- .

At .\lontreal"-l"uund 4 21-13-16; U. S. dollar 1.00: franc 6.50. -

ArNew York-Pound 431R; can“. iau dollar 9i) fil-ilzlifranc 0.50.

At Paris—l’ound T8 88 tr: Canadian daiiardllflo tr; U.f8._ doilsr'l5.17% francs. " »

ln gcld-Poundlls, 10d? Canadian so“? 59.64 cents‘. U. S. dollar 00.41

NEW YORIL- May .15—~li‘orclgn ex- change irregular.‘ Great ‘Britain high 4.88; lo 4.8% close 488: "00 day

- demand. 6.00: gal 825' 16.03: Germany

; Caiilada eon-ea. TIA‘ ‘CASKET ‘I03 CANADIAN ., . ram ' , lmmoli.) any‘ lb-—(C.P.)_—'l'lie tea casket BOWJJLBILIIiiTflOIYHCILBB. lflflflliéd Ilofillsen Mary by tea giowerso! India and Ceylonwtli

be sent to Canada-for ehowingat Ric Canadian National Exhibition.

lillisceilaneous "" savs ‘AND as sen. ‘H!!! is best accomplished by buying long term endowments 'in Sun ILite. We have a. policy"to suit your every need.‘ Sea" J. A. "Moore, Currie Building, Charlottetown. n-rsio. WI JIAVI ANYTHING ‘AND everything injthe smallrubber lines. Ordei-"byimall direct’ ‘from manufacturer and " save ‘ 75%. orders are mailed postpairrbyius in plain" wrapper. "Mail" order cataloguesent tree" on‘ "request.

Novelty Rubber" Mig. company. Box 663, Dept. K-ll, Hamilton. oath-i». " A. 0-"1l-i2i.

"Male lieipWanted

.VANTED.—- MAN Ion lAlllll work. Apply in person to Mrs. Percy Mutch, Mt. Herbert. _

5 . - L-‘Iooi-ii-lo-SI.

TOIJQF ~

so Ll’! - RESIDENCE 1N na- sirable location. Phone 663ml. n-isei-a-ii-ai.

ro w: - iruaivisrian aivn us- iurnished rooms. Phone-lewd. L-‘Idod-ii-ld-Si.

ro na-r - inonaan seven room house. 40 Victory Street. a L-im-s-is.

T0 LIT - A nova. ROOM nau- ed Apartment with bath. newly

decorated. A 1i Guardian. w li-‘lcfl-il-it-ai.

T0 LET — DESIRABLE I881!)- ama, 71 Upper Prince Street. Ap- ply on premises to Mrs. P. J. gum, ~ a-iiiea-s-is-ai.

1'03 1812- TWO FLATS IN Apartment House lmilwofl-b A"- Apply to Isaac Cudinore.

L-issi-ii-ii-si.

‘go ggg-TINIMINT N0. 40 Brighton Ave. Suitable ior srnlll family only, Vacant 1st June. Apply Foster's Grocery. Brishl- v on, L-‘IBTI-b-ll-II

’ Salesman Wanted

S N

" Simms Oil Co to Tidewater Ass'd

Y’S sTdcK a}? Bozvn Qyo TA TIONS‘

VMNARKET cosszr

(a; still-in». mifwani-a Special Wire)

isoaumo maxin- Lrrru

~ NEW YORK, N. Y., May i5- Tiis market churned about yester- day without making any progress. Volume was fairly sidistautial and a number o1 large blocks oi.’ stock were traded. The rails were iii-m with the induatrials very mixed. The metals were higher at times on the strength in silvers but did not hold their gains very well. ‘lihere was no follow through to the rillies yesterday but there was a iirmundertonsaowtitis im- pomible to tell yer, whether the market is going through another period o! consolidation or is tired and a 180M105 about ‘to develop.

Laidla-w and Co.

SUMMARY

NEW YORK, N. Y., May 15- Gold bars 148 9d. vs 14k 8 14d. Senate, without record vote passed the resolution extending the NRA to April l, i936. Resolution exempts from codes all businesses which are wholly intro-state. "Iron ~ Age" says, steel production and scrap prices have again rnov- ed in ,, " directions, output declining to 44 1-9- percent from t5 1-2 per- oem or ‘capacity and iron scrap index rising from $10.56 to 10.67 a ton.

"Senate passed the Norris TVA Amendments byys vote 0d 50 to l9. _Pacliic ‘Gee and Electric Co and subs March _qua.rter _ earned 40 cents a common share vs 31 cents a share in first quarter last. year. Simrns Pete Co. stockholders meeting June 1'1 at Wilmington, Del., to vote on sale of stock oi

Oil 00., for $8,115,000 plus interest. upon approval, an initial distribu- tionoisloashaieincasewillbe made. v

Secretary oi Treasury Morgen

than announced that subscription books will close May E for current cider-oi’ 2.7-9 per cent ‘Treasury bonds o! 1955-60 in exchange (or 1st libertyloan bonds called for redemption on June i5. About 60 per cent oi’ outstanding 1st libs already have been exchanged.

U. S. Electric power output in week May 11 up 6 l-2 per cent over like-l934__week compared with an increase oi 4 per cent in previous week.

ragga Low Last. oii 30 Ind .. 115.03 113.71 114.18 0.05 20 ‘Util ' . 19.39 18.94. 19.06 0.33 Hign Low Last Up $1 Rails 31.61 81.22 31.23 0.01 40 Bonds . 95.28 0.01 Dow Jonec.

BANONSAYB LWNTREAL, Que, Mby i5- Iriduau-lais and rails extended

theiradvance in the early part o! yesterday's session, but selling in the afternoon cancelled practic- ally allot ‘the day's gains. No de- finite weakneu has as yet sip- peared, but the persistent nervous oh accompanied ‘by sub- stantial activity must be

" that‘ stoch are cri-

Is

countering emphatic resistance to advance. Indications point to the , ‘ o! a. lair reaction, and pcsiblyashas-p one, from the current area. Gold shares dritt- ed- aimlcssl-yyesterday and in gen- eral did riot alter. the view that the current .irregula.r swings on low volume may be accepted as u; , oi gradual accumulation

On reactions. buy Dome, McIntyre. l-lollinlfl. Central Patricia, Can Milartic andTeck Hughea.

accepted

Banon.

LETTER. Tuesday Evening

NEW YORK, N. Y" May 14- Wheat closcd a fraction higher. Last night's observations hold good. Cotton rallied 1o points and u likely to remain within a narrow

ventsdid nothing and still can be

edly recommended when

bu! below 22. sell above 30 this Bummer.

MONTREAL, Que, Market holding morning. Atohisen

to stage a temporary bullishly this ' .

ROOVSTY,

pearanoe o! Money is cheap, business

high prices, prospective

in the United States two years has been co

automobiles who

to that made by

at $105,682, as compared

( Canadian ' Press) were composed oi 56

than yesterday. There tops. A lcw medium good $3 .50 to $4.

premium on selects.

$8.35. $7, .

(Canadian Press

duce markets.

les compared with I)

small retail lots.

328 boxes.

range for some time ‘anger. Stocks were again somewhat ir- regular and the industrial aver- ages made still another high 116.01 but closed slightly lower than yes- terday at 114.16. While I still think these averages oughi, to gc slightly below 112 before going tc 119, it. is to be noted that techni- cal reactions in" individual issues are occurring every day. Thus, Oasehss reacted nearly 3 points. Cerro de Pasco about seven points, Am Smeiting about 3 points. Johns Manville about 2, Seaboard Oil ab- out 3 f“ a.‘ " the aver- l-Ice and possibly might go to 119 before going below 112. With pos- sibility in view, I have urged you to‘ ignore this possible setback and hold the stocks that you must have b0 t much lower down to mass ionai purchases only in case certain buying figures men- tioned by us were reached. Case ing which we said should be bought around e7. went to 67 1-2. It remains a purchase around 07 ior a new high. Columbia Pic- tures, which we told you to keep. made another new high, as l-4, and 1 would rnot sell out yet. Sea- board Oil had .. 8 Point setback and i] up a point irom Monday's low. Woulddioid tor near i0 any-

way.

Baldwin pld, twice recommended as a good around o, closed at i9 i-d. Still a buy below ii. Am: Smelting, which we said could still be bought from (4 to maybe t! closed a; Al l-s. Buy on any little dip. United Aircraft got up tollandis Ioodlorl orio points ma. Rubber old role to s: 7-6. Still a purchase near Si.

:- U . S m Queens and since Owl"?- Iorkoofl need mlv- t1 ' “'9 14-10014-104-

Intmnarvnatp rose a point more.

_ ieeomin ed acceptance of profits on, smart

bought near 30. Phillip Morris did nothing. Can still be bought below 44. Std oii or New Jersey, repeat- , it was below 40, sold above 46 sndshould be held ior near so. Electric Auto- Litoroseapoint turther. Stilla General Electric made a new high by 1-8. Still a buy near M. Am. For Power ‘i per cent pld closed at 30, and while it mightreactapointoraotssureto

BARON‘! “NOON LITTII"

May l5- very well this

and Southern Peel-tic suggested as stociu likely "was

United States Government bonds have maintained a tiim undertone ‘intheiaceotrcoenttaik 01in- ilation, particularly since the ap- the Bonus question. outlook tor the latter port o! 1935 iavor- able, market action bullish tor the longer term. The only (actor neces- sar-y to make the picture entirely bullish is the remov l o1 political uncertainties and business baiting.

With so many o! the steady div- idend payers among industrial pid stocks selling at or near all time investors in this typo of security are looking longingiy at the utilities. Caution i: still the rule however and un- doubtedly will continue ,to be un- til political uncertainties surround- ing this industry are removed. Ac- cording to Ieonard Ayreo. most o! the business recov y experienced

the past ributed by three industrial corporations. They are the three leading producers o! manufacture most or the cars and trucks that are made in U- S. All the net gain in the voliune oi industrial production from 1933-34 was equal the automobile industries, and the gains so iar in the production o! i935 over 1934 have been mostly due to the some factors. Southern Canada Power Co. reports net earnings loi- April with $112,105 tor April of last year.

Ba

LIVES TOC

11011.

MONTREAL, May l5-Ofierings on the two local livestock markets today totalled 591 head. Receipts cattle, 461 calves, 40 hogs and l0 sheep.

Calves were very draggy. Prices were estimated to be 50 cents lower were no calves were picked out at $4 with com- moner kinds iron-i s3 to $3.50. Ab- out 200 calves remained unsold.

The iew sheep oilered brought

Bacon hogs were $0.25 to sea led and watered, wit-h si per hog Butchers, hecvies and lights were $8.70 to $6.65 and extra heavies Si! 25 to Sows were irom $6.75 to

PRODUCE

MONTREAL, May l5—Who1esale prices oi butter, cheese and eggs declined again today on local pro-

Ivutter sold at so to 20 l-i cents per pound ici- no 1 in carlots or 1-4 cents yesterday. Receipts were seven boxes. Jobbers quoted 9i cents on solids and 22 cents on prints toi-

Cheese dropped irom l0 cents to 9 3-4 to 10 cents tor no 1 Ontario mrrrent arrivals, with receipts o!

Graded eggs in earlots or less de- clined l-il cent oer dozen to sell at . l0 to 19 1-2 cents for A-large, 16

l-fl cents tor A-medium, l1 cents tor B arid 16 cents. ior C. Receipts were 1,636 cases. Small lots to re- tailers dropped one cent per dozen it 23 tn 24 cents for A-large, 32-28

cents for "Ii-medium,

21-22 cents

: for B, and 19-20 cents lor C, In car- tons. and one cent lower brought

10080. New

oil-pound crates; $3 for hound base; and $6.25

potatoes sold tor 4t

Prince Edward

(Johnston and Ward)

Stocks Opened Ahiiibl . . . . . . . . . . . . . 100 Beanluirnois . . . . :

Brow Corp com

Brew (‘orp phi . Brit Amri- (Iii (‘an ii .. (‘blimp Oil i-ici .

(inn Paper . .

Dist. Song

i-‘ord of Can A Green Biiibell . Home Oil nip Oil mp Tob . nti iielclrers A doranda .. ‘leek Hughes . Walk» llcori ... Walker Brew . . Wright liar . .. ..

._._---._.__... Us; lineal‘! he fillies

South Carolina's per barrel. cents for Islands, 42 l-2 cents, for New Brunswicirs and 66- 40 cents for Qucbecs, in 60-lb bags

MT’L. CURB

potatoes were 52-95 tor no ‘I and $2 for No. 2 Bermudas Per No. 2 Fioridas or South Caielinab in 100 (or No 1

Old

(Quotation tarnished and Ward ‘members

Charlottetown).

Elec Auto Lite . Elec Pow Light

ntl B . . . . .. Natl Dairy Prod Natl Pow Light New Haven New Tor-k Cen North Amer .. North Pac .

Rep iron B Safeway Stores .. Sears Roebuck .. Shell Union Oil Sim Co Socony Vac . South Flo South Rail .. fitand Brands Eiec sl Stand Oil N J . Stewart. Warner Studebaker ..

Tim iloll um .. Union (‘nrbiile (‘Iii-b

ed United

ll H Iiid Al

Worth Piini ' Yellow True

TRRIJIQIF 1v...» Opened

Stocks Amer Cyan ll . . . . . . . .. Amer Gas llllec Amer Sup Pow . .. Atiaa Corp . . . . .. Can Marconi . his: Bond snare

inter Pet Nfug Bud Stand Oil liid

Stand OI Ken .. Un

HID‘ 21'.‘ an can

1v. Y. Stoclc Exchange

by "lollllllilh cl the Mont real Stock lemma Curb Market. 106 Richmond Street

1:“

"iésiiiiseaisai E

mnrcr Paivars WIRE CONNECTIONS win-i"

MONTREAL - "ronouro . new voas . momma PROVINCES MARKETS

Enalilrlls" to Render Uneaealled ierviea to Investors

Montreal Stock lxciiangc “m” °' l Montreal Curb Market. onaawrrarowii BRANCH-EASTERN raver somnmo Phone No. '1 ._. ._. r. o. Box as "

Volume was close to 900.000 shares.

In Steclxs and Bonds

' Harke .. 51 MINING i “"*""- “ M ’l S k I Holiinrger lilo/ill t Q t 0 c _ -1"— Homestead 82% E h (Canadian Pres) J’ u (lens 1s , May lo-Por about igira Con! "all

an hour today silver and base inet- gag. _ 4'0

aloha-res strained at the leash and I, Sh“, . 542s gill!‘ $1‘ d»;

appeared to be ieadins the minim! Little I. - ~21‘; BN2], 8.],

mien oi the ‘Ibrionw excite-Est; “an m‘, “M, guiidBProii

. MW oywu- nwyggnen u 6% .an ‘fonzo .

the time; quieted down and some iiiikfili‘. . 12o "of; (C1; m“

o! thegains were lost. The golds McMillan a: o" C“ pa.“

closed lower with selling heavy in hicviillf -- ' ' ' ' " ' Can on pm

some issues and action was spotty g" S?! ‘Fm

in the oils with no gains o! irn- 3.1.1 on 3%,}: ‘in; p}; .

Shflwio! QXNPt m’ an “fiscal-iii (m. ind s1 A .. a, , A 0 ‘ "fl" advance of ll to 026 tor Royallte. Mam. K , llelgnti ‘no; 11g _

Cnn Pac .. .. ‘India: dressed durlns the (‘neksbutt Plow i morning and got going in volume Fons sin-ii 1r m i‘; only when the New York quota- ‘lftfzillflgrflm " - ~ - - -- tion on bar silver was posted show- m,“ m,‘ ,.,,,,,' ‘B ‘HG t ing an advance o! nearly two cents. m" Steel nun-.... _ 3. Q- The silver shares immediate as- 00rd: - - - - - . - -- ' B sumed. iii-s. plaoe in the trade and 5°" Emit" P" ‘"6 9 , Castle “...... .an. ... ..., 553,1 g,~gg,,="v:= 1.2. i3, Eldorado to 2.48 arid Bear to e7. ‘lrit Pow pm i1 ~41 ,1» - At these levels the selling increas- lliukejffilvcryis Iii/i =1‘. '4 “d Pin” “m” bwk- iiglliiiy Frxlvllirtsu-l. 1:11,; w ll Action m the base metals centred in.“ m...‘ .. ‘27 21 ‘in in Base Metals Corporation, this .\j.m Brow xii; w; Vi; ' issue trading 19,000 shares and 1',§,:§"§'°f,'nr‘v=" 1'), closing l0 cents higher ar. 84 QUHW PM, ' 14.1 u T‘ B71335 (Canadian Press) o; 15w 4~,,,- ' ' ' ' "' 1M" 1m; .‘. "s"! A l! ~ TORONTO May 1s- ‘u. f... w." ' ' ‘ ' "3 "- ~‘ a‘)? A“ Mm‘ - M“ ' ‘Sliaiiihicnil ' '7' 3i é“ Dry~~éln~~ my‘ Stocks m???‘fézinwxiiliznxn 3L2 i, §§§e§;§rg-_~$ Agggyf!" Steel Co (a... pfil . . .. . 4m ~;~ el 2i Sm so“ 1?’: 011 sauna tong 34 . n _ " ~- m». list‘. ::".':".~".-¢ o: - (this North .. 31,5 Anglo H “y” 153m," ' ' ' ' ‘ " ‘m’ m“ . i-lllFynler Mot 4.’. Ashley k312i 0 .. i f5‘ 531mg‘) “f” -- B“ »- venture» ~ f’ Bonk of Cfiilfli! . . . . . . .. 5m 50 " L; “ill 7°" -- --- 1 Bagauinc llnite Aiuii . .- qcium Gas illie m. u»; 3,", g “gnu... ,, (om Sol ... 21W‘ 21% m.” M91; Wm“ m“; 1 ' fig“ 3 iviiisoy i! - C I . . " v Wright H - -...- UTYCTICI?! y 9°" C" sin-e.- . . in... .. ‘fl-“Hprod Total stiles 802.000. , . n I Dupo-rit‘ (Canadian Press) , ‘q. lilasimnn Kodak . IJNLIBTED NEW YORK, May 15—1i"oreign