JULY 18. 1935

‘ "THE Cl-IARLOTTETOWN GUARDIAN

T QUO TA TI ozvs '

N. Y. Stock Exchange

(quotations furnished by Johnston and War Members of llantrosl Stocks Exchange, Montreal Curb Market, 156 Richmond Street, Char- lottetovvn.)

Air Red ... .- Ailicd Chem ,

Auburn Auto Bold Loco Bait Ohio. . .. lien Aviation Beth Steel . Briggs Byers A .\l . Ilnrr Add iilrrll

(‘on Oil . .. (‘an Dry Gin

Colum Gas Elc Com Sol .. Con Gas ... Con Oil Con Carl Corn Prod Del Hull -» E I Dupont , . Elrc Auto Lito ri

Froeport ’l‘ex Gen Asphalt Gcn Eioc .. Gen Foods Gen Mot Gold Dust . Goodyesl- liub Gt North Pfd Gt West Sugar Houston Oil . Hurl illot . . . . .. lnti Bar Intl Tel _ Johns Man Koivlnator

on Cop

. 32% 4'1 4'21‘ 40% 401$ 2.’! 22 ’ ' 20 14% Natl Bis -. . . 32%, 82% Natl Dairy Prod . . . . .. 101’; 107/. New Haven .. 4 3% Nw York (‘on 17% 17% North Amt-r 11% 11% North Pac 20M; 20 Pack Mot ,. 4%, 4V; Penn Rail 24% 24% Puh Ser N 1:1 87 Phil Pet . 2114 21% Pullman (‘o . 44% 44M Phil Morris ... 41W, 4051, Radio Corp , . .. 0% 0% Rep Iron Stool 14% 15 Rnfwnv ‘Stnroa . 40% 40% Soars Roebuck 471A 46 Sllil ('0 . . . . . . - . . -. 9% 9% Sncony Vac ... 12- 121V. South Pnc .,, 181/. 18% South 'Ilail . . 7 7 Stand Brande ,.. ... 15 15% Stand Oil (‘oilf . .. 8t Stand Oil .\' J‘ ,. 471,‘ Stand Oil (‘nlif . S4 Stewart Warn»:- 12 12 Tex Co . 111% 19% Tex Gulf Sn 34 34 Tim Roll R: . 45% 46V; llnion (‘arividr- Car 04 64% Union Pac . 108% United Air 10 United Gas imp 14 ll S Snlnlt 107 U S Rnhhor ... . 12% U S ind Al 40 U s sir-l 3155 Van Steel .. 151A Warner Bros Co .. . 4 4 West Union , . ... .. {i0 31",‘ TVcst Elm ..., 2181/. 5891; Worth Pump ... .. 17% 10.

Mt ’l. S to c k Exchange

tQnotations tarnished by Johnston and Ward members of the Mont real Stock lxohsnlc. Mont-rel Curb Market. 156 Richmond Street wriottcmwnl.

Bsthurst A

Can Lsr com .

Can Cem coul 6% 61A Can Hydro Elcc pfd 511/; 52 Curl Ind Al A 0% 0% (Jan North pow 10 10 Can Steam com 1% 1% Can Steam pfd ... 7% 71A Can Pac , . 9% 10 Cockshutt Plow ... .., 1% 1% Coni Smelt 101 - 101% Dom Coal pfd 18% 18 Dom Tex Com 61% 68 Gurlis 5 5 Holl Gold Mines 1300 1300 lull Nickel 21% 21y, Luke of Wods 7% Massey Harris 4 .\IcColl Front 12% Mont Pow 30% Natl Brew 36 Quebec Pow 14% Shnwlnigan . ,, 15% 15y, Steel Co Can com . 60

BANKS

Commerce . . _ . .. I44 Montreal . . . . _ _ .. .

Nova Scotla ...

Royal ....148 148% Bunk of Canada . . . . .. 60 Ma rk e ts A t A

Glance

(Canadian Press) Toronto and Montreal-Industrial stocks irregularly higher. Toronto Mines-Higher. New York-Stocks closed higher. Winnl l; Wheat‘ up 55 to 5t. New ork—-(.‘otton, rubber and cof- fee higher; sugar lower. ‘

Miscellaneous

(Canadian Press) MONTREAL, July 17 Wheat nor no 2 85. Hurley C W no 3 44. Outs C W no 2 b3. Oats C W no 3 46, Oats feed no 1 45. Flour spring wheat patents. firsts

$5 10

Flour seconds $4.10. Flour bakers $4.00, Flour winter wheat patents, choice $3 80 to $3.40. Flour white corn 85.60 to $5 50,

Bran ton 22.25.

Shorts ton 24.25.

Middllngs ton 27.225 to 2D M. Rolled oats bag 90 lhs 8.25, Hay no 2 per ton carlots 12.50. ,, Cheese no 1 cur Ont 0% to 10. No i Quebec n14 to m.

Butter no 1 20% to 20F)“

Eggs in cartons A 1 large 32. ‘Eggs A 1 medium 20 to 29, Eggs A large 20.

Eggs A medium 24.

Eggs B 22.

Eggs C 21.

Potatoes new Que 80's 00 to 05, Old Quebec's 80's fl.

CITY JAIL GARDEN IS LOSING BUSINESS

TULSA, Okla", July iii-The city jail garden has been abandoned because of thieves.

The garden, where petty offend- ers were put with o hoe this spring. can't operate at s profit because “ , “ in the neigh- borhood stesl the vegetables. Po- lice Chief Carl- explained. He cs- timated the city spent $250 on the garden, harvested $5.15 worth of produce.

7 Liberal Platform (Final Edition)

So many editions of the Liberal platform have ap-

peared that the electors and

the candidates are equally at

sea as to what. it means. In every district the Liberal spokesmen prefer to give their own version rather than the barren generalities contalnedin the text.

From an analysis of Liberal criticisms and explan-

ations as to how their chief

plank-a balanced budget-i

to be implemented under present conditions, the following

definite policies emerge:

1. Abolition of Old Age Pensions. 2. Discontinuance of all unemployment relief and undertakings of any importance in the Public Works De-

partment. _ ~

8. Abolition of the Department of Public Health,

folio.

"there being no Liberal candidate qualified to flll the port-

4. Charging of gravel and road machinery to capital instead of ordinary account. ‘ 5. Reduction in all teachers’ salaries of $500 or over,

in accord with tho Liberal

in the Legislature in 1933. 6. Abolition of 3rd and

Wales Collegofscrllpplng of

amendment to the Estimates

4th year courses at Prince of all oilcloth, shower baths and

toilet facilities, and rebuilding the institution on s

. ineancr scale in accord ing fifty years sgo.

with requirements prevail-

7. Provision of bicycles for Ministers, nurses, Wo- men's‘ Institute and departmental officials in keeping with pledge to abolish the present system of using motor

cars. 8. Reduction of grants

to Hospitals and Senator-lam,

which the Conservatives extrsvagnntly increased when in

office.

9. Encouragement of initiative among the fishermen by abolishing the Conservative grant to the Fisher-men's

Union.

10. Competition being the life of trade, to estabiilh

_ a CentrsLJail Farm so as to give our farmers the benefit

of competition in their home market by cuttins Pr"?! through the sale of Jail Farm vegetables.

, l1. Continuation of NON-COOPERATION with

the Liberal policy of RIGID

the other Maritime Province!-

tha Maritime Board of Trade. sud the Transportation gommisslon in every matter affecting the welfare of the

roviu . lteflltifllvllflli) ALONG THU. H115.-

. i,“

(By Johnston and Ward's Special . Wire)

MORNING MARKET LETTER

NEW YORK, 1v. Y.. July 17—After minor recessions during the morn. in; pricas firmed and rallied on fair activity in the last hour, The Rains were not large and the rails did not partici to much, but it was suggestive of echnlcoi strength.

There have been a few unfnrorgbig earnings reprts for the second quay. ter so far but on the whole second quarter earnings should be favorable and most of them are yet to be pub. llshed. This probably is one of the main factors sustaining the general market and tbs stock of those com- panies which had particularly good Julio quarters are showing individual strqength.

he market is making s’ typical “Dow Theory" line with yesterday being the seventh day in the forum. tlon of it. The action of the market appears favorable and possibly a

break out is not fsr distant. Laidiaw and Company.

SUMMARY

NEW YORK. N- Y, July l7-Steoi ingot production fills week nt 401,1, per cent of capacity against 301/, pa! cent last week, “Iron Ago" stump,

Gold bars quoted in London rlt 141s ‘fad against 140s Ill/dd Tuesday.

Gasoline stocks during week end. ed July 13 declined 484,000 barrels to 441454.000 bbls according to Ameri- can Petroleum institute

Libby Owens Ford Glass declared regular quarterly dividend

Johns Manvilie Cor-D amp “b. h, J1me quurter net profit equal to 5o c.nts a common share against 15 “m; ll! Dlovlous quarter- and 16 cents in June 1034 quarter.

Sober-icy Distillers Corp June quarter net profits equal to $137 a share against $161 u share in prev- ious qnartcr and $101 a shag-g in June 103-1 qllurter, ti months profit; equal to $288 s ll in um lillif of 10041.!" again“ "07

General Electric Co June not Profit 21 cents a Ihgrg 1D cents a share in previous quarter- and 15 ccnts in Jllne 1034 quarter :"..r.z"':;..::::";. '0 ‘,2

cen s fir]? half 1034. ' ' a" i“ lectric output in U S in week July 13 up 7.2 per cent against an increase of 6,4 in prevloul was)‘,

quarter against

Ullil Low Last Up an Ind 122.141 121.00 122.3 - 2o Utll 22.10 21.87 22.0; lilac’; 40 Bonds 91593 093

illsn Low Last on 1'0 Rail! 13.11 33.34 aaoo 004

Dow Jones.

HEARING LETTER. - uesday Evening 1%?"

NEW YORK. N. Y.. July iii-Sept C0"! "I051"! we.‘ higher and Sept wheat unchanged. Lust advices hold good on each. (‘Jtton closed l0 or 12 points lowcr. Don't buy yet.

Stocks were inactive and reacted a little furthcr, but rallied near the close. with the industrial averages 0Q of s point higher than the close yesterday. Even so they did not sell quite as high ss the highs of yester. day and tho lows were the lowest for the lsst Jihdnys, A few speciniifigg are finishing completed moves, which makes the market look stronger than it really . _

General Electric is one of these, Ever since I first recommended 1t at 1i) and later at 2i and M. 1 expected it should go at least 228 and possib- ly a fraction above 20 on this move. During the coming setback I expect 2-1 0r Z3.

Westinghouse Airhralre. which I rcolnmended when it was 21, is only now having the move it should have had before, it went to 27 today and mlkht go a point or two higher.

White lllotors_ repeatedly recom- mended at and below 10 also went s little higher- and would still keep long of it.

National Biscuit was recommended when it was at '25 and never did much until tho past few days. in time it will soil again near 45 though it may not do much more right now.

As to the rest of the market, there is no change from recent advices and you will get an npprtunity to replace all the stocks sold near the high prices of the past ll or 7 days at ap- preciably lower levels even if they should go s poirlt higher first, which I doubt. Don't forget it is better to sell ut a day or two too anon than

too Baring. ssllvnm . . (Canadian Press) TORONTO, July 1' Stocks Close Acme Oil , 1M1, Afton . l0 Ajax Oil ‘i0 lcx . . . . I Algold ,. 5')

Professions Bards McLEOD f? BENTLEY

W. IL BENTLEY, K. C.

J. A. BENTLEY, K. C. Barristers and Attorncys-st-Lavr MONEY TO LOAN Ollcc: 1H0 Richmond Street.

MacGulgan & Tralnor Mark B. MsoGtligsn, K. C. I 0. 1t. Clair Trsinor. B. A. Barristers. Solicitors. cio. MONEY T0 [DAN Olloc: Over Provincial Bank, Richmond Street. Ollarlottetflfll.

l-l. F. MscPl-IEE. B. A. NOTARY. be. - IAIIISTIR. IOLICITOI Illay Building. Charlottetown

HRLL G MATHIESUN

l. l. Dali IL L iliathieaen. LLB Barristers I Solicitors Honey to Loan Oallllfl block, Charlottetown}.

J.A. llaclionalli, 11.0.

IAIIISTII. IOLIOITOL ha. It!!! Ulillllll Charlottetown. P. l. Island. ateslsy ta Lesa and ‘Collections

‘m. up vary beat unusual. ‘lrs-r-a-lmutb.

A- J. ISIASLAg: B-Aa ’“"uo'§h mwwmiu. lav Ines l“?! '

MARKET cosslp

Algoms . . .. .. Anglo H .. . As

hley .. . Bsgumsc _. Barry H l Base Met Bear Beattle _

Gods Lako .

Goodflsll

Granada 20 Greene . 22 Gunnsr 70% Hnicrow 2 Holiinger 1300 Howey . .. . . 00 J M Cons , .. , . . . . ., 18 Kirk Lake . , ... . . . . . . . . .. 43 L Shore . ... 50% Lamaque ... 3 Little L L _ . . , . . . . . . . ., (H: Iilncllssa

.\lan East .. Iilllille I. . . McIntyre .\ici\'enzls .. .. hfchliilau . . McVlttle hicwutters .\lin Corp .\I0rrls .

O'Brien Pnymuster . Pet: Cob . Perron

Pick Cro Pioneer Premier , . Pros Air Read Auih

Vnturcs .. Wayside “Wight H .. Ylnir Y G

Silver _ . . . . . . . . .. Total snlcs 420,000.

IINLISTED

Sud lilacs . IVood Kirk . .

PRODUCE

(Canadian Press)

MONTREAL. July 17—Priccs were irregular on Montreal dairy and produce market today with potatoes und cheese easier, eggs unchanged, and butter .steady.

Curlots or-iesa of on ,1 butter were 20% to 20% cents per pound while lots to retailers were quoted st 2i. cents for solids and 22 cents for prints.

Cheese was off slightly at W, to 10 cents for no 1 current Ontarlos and 0% to 0% cents for Quehecs. Arrivals totalled 1,512 boxes.

Gmded shipments in csriots or less of eggs were generally 22 cents a dozen for A large, 2i. cents for A- ltucrligm, 20 cents for B and 1B cents or .

New Quebec potatoes were selling at 80 to 05 cents per 80 pound bag while old stock was 26 cents for the same quantity.

LIVESTOCK

(Canadian Press)

MONTREAL, July 17—Ths two Montreal iirestork markets today to- talled 500 head, composed of 55 cattle. 321 sheep and ismhs. 25 hogs and 1 calves on the two markets this morning.

The cattle were practically all stock held over from Monday's and Tuesdays markets. Trading was at a standstill.

Grass calves sold mostly for 8311.25. Medium veais sold up to $5.25. There were no calves of good quai- lt_v.

Hog quotations were Tho few bacons offered sold at tori and watered. with the usual premium 0n selects and cuts on off- grsdes, Sovrs were still slow and

unchanged. to

nominally quoted st l5 to $5.50.

Good lambs sold from I750 tn $8 with clllls out st o cut of 12 p-r cwt. Lambs sold upgraded made from $7 to 37,25. Sheep were from $1.50 to I2 50.

a Currencies

(Canadian Press)

NEW_ YORK, July 11-A tiny drop in the French franc was the only net change recorded in the foreign es- change markets today.

The Canadian doilsr st s discount of 5-32 per cent and the pound ster- ling 4.96% bot-h were unchanged

_ closing st 803% "H". aha-ed s loss of .0015 of s cent. MONTREAL, July l7—l.ealllng

currencies held unchanged st Moat- rcsl foreign exchanges today. ’i‘be ollnd sterling st 4-97. the F0100?! Pram: at 6.64 cents. and the llnitud States dollar st 1.00 li-II all n-msln-

sd st yesterday's closing prices. GOLD PRODUCTION

(Canadian Press)

OTTAWA, July 17—Oold roduc- tiou in Canada in lay reacbe s to- tsl of 2N.288 ounces valued at $0.- mhoo, according to s report illlt issued by the Dominion Bureau of statistics st Ottawa. in April I46.- m1 ounces were produced and in May. 1934. the output was 251.125 ounces _

shipments of gold from Mu lcotia to the lo sl Csnsdill mint in

thy were recor ed at MO ounces so sempsnfvlth lfl assess I -

tion CHCK.

Grand Liberal Rally

The Liberal Candidates, Messrs. T. W. L. Prowse, C. St. Clair Trainor and Mr. Thane A. Campbell, K.C., Provincial Campaign Leader, will address the electors of Charlottetown and Royalty at a meeting to be held in the Capitol Theatre on Thursday evening at 8 o'clock.

The speeches will be broadcast over sta-

L-8461-7-l7-2i

EXCHANGE

(Canadian Press) MONTREAL. July 17—British and foreign exchange in relation to the Cansdirn dollar as compiled by the Royal Bunk of Canada closed today as follows:-

Argeurina peso .2654.

Austria schililng .1000,

Brazil mlireis .0540,

Chino Hollg Kong dollars .5218

Czechoslovakia crown .0410.

France franc .0664.

Germany reichsmark A040.

Great Britain pound 40002,

Holland florin .6832.

Hungary perlgo .2080.

Italy lire .0820,

New Zeaiond pouud 40082.

Spain peaeta .1371.

United States dollar 6-32 per cent premium.

Closing exchange rates:-

At Montreal-Pound 4015 cfran 6.04 cents; U. S. dollar i 00 5»32_

At Paris-Pound 75,87 fr; l‘. S dollar 1o.08% fr; Canadian doiin 15 00 fr.

At New York—Pound 4 001/‘; franc 6 83% cents; Canadian dollar 99 27-

32.

In gold——P0llnd 12s; U. S, dolinr 50 00 cents; Canadian dollar m‘ 0S

NEW YORK, July 17—Fora,-igr. r-v- chnn-c steady; Great Britain ric- mand high 1.50%; lulv 4.90%: clam . ; ‘ . 4 051/,‘ France 6.63%: Italy 825; Belgium 10 00; Germany 40.40; Canada 00 fl-Iiil.

,__i-

Dogs Act as Eyes , For Blind Masters

Dogs that lead the blind! Have you ever given any thought to them or the wonderful work they do? Perhaps you do not know about them, so I will‘ fell you brief-y a little about this friend whose ser- vices are of inestlmabie value.

At Lake Openaka, near Morris- wwn. New Jersey, German shep- herd dogs are trained to become the eyes of the blind. Only female dogs are used in America for the work as they are kinder and more eager to please. The choice of dog is made carefully. It takes about three months to form the dog as a. guide and each month she must pass an examination as to pro-

gross.

It takes two to three years to form a-competent instructor. He must undergo whet is called the blindfold test, that. is he must. while blindfolded, work his dog through city traffic under the some condi- tions as those the blind master will encounter. The blind masters must also be carefully chosen. It is absoluefely essential that every master be taught how to use his dog. The dog is iler blind mast- er‘s eyes. She does it by s system of signals which she is taught to convey to her master through the handle of the harness. Keeping a. steady pull (.1 the handle held in her master's left hand she guides him around obstacles on the side- walk. For curbs and steps she site down close to the edge so that they can be found with the cane or foot. If the street is clear she leads him carefully across. By the direct com- mands of her master the dog takes him where he wants to go. The master says "left" and “for- and the dog obeys. The dog's education is based on the knowl- edge of how a. dog thinks or snlznsi psychology and through this knowi- edge the dog is taught to draw proper conclusion and acts on her own initiative.

With the heart, intelligence and devotion of the dog put at their dsposai the blind of today need be no longer segregated. no longer apart, but men and women seeking to be themselves, to live their own lives, and standing ready for this step or independence-

"The Seeing Eye,’ Inc., of Mor- ristown, New Jersey is the head- quarters of these trained dogs in America. Only a frequent pat on the head a d an occasional softly- spokcn “ d Girl" are the re- wards of the instructor to the dog but the real reward must be in the knowledge of what she l; doing to add her contribution of usefulness to those who cannot see,