Htillttlli

.6?

'i{é.

Manon .21. 193s

'sT0c1< QUO TA TIONS is

lswcgrggtorrsroww (gunman

WMARKELGOSSIP

p; Johnston ‘=|ll;le)Ward's Special

IOIRIII ILIKIT LII TEE

NEW YORK, N. 1., March nmblsy‘! lsst B 2m,‘ ‘p us he ng shown. losing rides were near the high for the day. however, ivas small and the was as thin on the upside as it has been on tho downside. Bond ‘ad grain markets were also better with the latter probably influenced y, g recovery in sterling.

In the last two or three days o! decline the market showed better r~ sistuuce than previously and yester- day's rally was encouraging. it 1110b- Iili is unsafe yet, ilowevcr, to cou~ rlude that the decline of tho past ulonth has run its full course.

Laidlalv and Company. SUMMARY

NEW YORK. N. ,\'., liurch 20~G0ld liars (plated at l-ids 0d against 147s ‘glad Tuesday.

"iron Ace" says Steel operations dilrlng past week d-Jclined to 47 per cent from 47H, percent.

Nclvnloxlt litinillg tifvililifd 50 dividend similar to that puid ll alld XIV-ll 30. 193i-

\\'liita ilo .\iiu\-r.li Springs dc- ciarcd 35 "‘.‘ll‘i.‘\ iii\'-(i“ii(i against bl) touts all colllllioll previously.

.\uln. Pi-lroileuln institute osllluntca gasoline utol-lls for week ended hlurch iiilh at 013015000 barrels, increase 1,- 453,000 over iwlvlous Week.

Air Reduction and subs 101i} carncd ll 0S a sharo vs. $3 70 a yl-ui- IVJIUIO.

Chesapeake and Olliu iilt ‘.5 months to l-‘cb. 2X cilrnetl till (70018 n share rs. til cents in sumo period 19Iii.

Montgomery Ward your olllieii Jan. ll, 1035 consolidated net profit $0,- ltiLO-ii including $152,105 profit on securities and inri-slulcnts sold "net" sad $1.075,0<l8 profit on sale of rnw materials ilnii aftcr ileprociatiiln etc, provision of 11,000,000 for inventory reserve, fcdcrll taxes and other rilargcs. cquill, aftcr allowing for un- uual dividend rcqliirclncllts on tho $7 class A stock to $1.71: a (‘illlllllnll stinre rs. not profit oqilni to 1R cents s common sllarc ill tho previous ycar. l-llcctrii: powcl- output in U. S. in week March lti up 4.7

cents Oct.

pcrccilt over

itltli nook colllparcd witil all incrcnsc sf 4.7 percent lu ihc Illgii

previous week. I

9R . l 1 .'iU 2a‘ on gut l4 i)? liil

Ilissi. OI! ill i0 01

Dow Joni-s.

BANG-NW "NOON ILICTTER"

hiONUflli-TAL, Quin. March 20- Priccs nra holding their own fairly woii this morning and simuid rlliiy

stlniclrbat fuhlilor. Another tcst of rc- si-nt lows, however, is likciy to pro- u-ile any sustained upturn.

Earnings of Pullman lilllllltl b0 fav-

orably aflcctcd ovor lilo long tcrm by hnlh the introduction of strranl lined trains and lhI-ir conditioning of ralihoall equipment

Tho pronoullccrl lo which dl-vrlopod ill lluion in rot-cut

. i sessions silggcsts that tin- salling of iasui- is probably ncarlng a coul-

raporls not profit

i0 lust $1l70.07~i

' ceding two

inln sill .1 surplus

nth-r all‘ cllllwgus Working capital higher.

lloluinioa Slut-t 71ml (‘out sild subs

rr-pnrls volllllllivli -p- titvns profits

of $l.ii0S,i'|'S for iilill alnst $168,945 ill ifliili

Dominion Fool (‘a rnlulfil 103i op-

erating pvt-tit ll 03H? vs. $1,402,- 178 ill 1i.. ll. oi proposed ar- r:l ilzr-luoili r l- t-nliso between

rnulpauy and l-fll an l-anlulon sharc- holders formally il\'l'(|.

Filitcd Aiuuxpal (‘orp rl-ports for 103i totul jglt-omi» . '15s rs. $411,308 in arm-oiling 1n lilrlllirl ill-rind. |‘n\‘.vr (‘ufll

$184,787 against $132,518. frhe splendid nisrkst action of Uuiou Larbids is attributed to the

belief ‘that tba company's plans for 1036 expansion will be followed by larger esrnln a. sl-"Tlllll o oil shares yesterday was accompanied by reports that some n! the major companies in the U. 8. are buying crude which ls go- ing‘ into storage. ranca has rescued the Helga, but French assistance is likely tn prove affective for a short tinie only. Trend of currencies and internu- tiousl trade favors ultimate collapse of the entire gold blocii Bsnon.

BARON SAYS

MONTREAL, hiurch Zll-Stoclis crept up steadily throughout yester- days session and closed near tho tops of the day's range. Bu ilig huu» over, was not sufficiently v gorous to indicate that the decline had ended. Extension of yesterday's rally is likcly to encounter ularksd resistance within a point or two of last night's closing prices.

Buy. Anin. Gas and i<llcc., United Cor-p pfd.. Penna liit, Can. Pacific.

(‘mid shares moved up under lend- ership at senior issues. Nothing how- "vn l“ vwlrllay‘! act‘ n silggesit-il that tile-period of backing alld fill- ing ilas lerullnlltcii. Trclld ill gold shares rcllnlins bullish. On reactions couliilua to bu)" Dome, McIntyre, Lake Shore illld Neratido.

Bnnon.

BAKING LETTER Tuesday Evening

NEW YORK, N. 1'. March l0-

Stocks acted better today with Rails and irtilitles making gains. Several stocks rocoiuulendeil a few days ago. sucil as Scilcnlcy and Nut'i Distillers. gained another point since we first locations-d thorn earl! last vreek. Would hold them for 3 or 4 points rnnro. United Aircraft rccouilncniled around 10 where s Monday closed at 11% today. Should sell ab- ove 1-1 soon.

Scans Rliflilliflk rglr-atedly recom- mended nroulld {i2 closed at 841/; and l expert to see it nonr 40 this Spring.

(lcviorai hioters recommended for the first time in a long while inst Saturday at or bclow 27 went to 20% hinniiay. Should go to at least 3,", soon. .'

Phillip Morris clnacil iii’. 38 and this price will lnok very low hcforo lung its sales keep increasing sl- inost daily and if it were selling at tho same ratio to earnings as Amor- ican TililflPPli “IV, it would b9 .91]. lag at M] right now. it will sell hlgilcr than 5n this Summer.

Fairbanks Morse closed at 211A and nr-rcr broke through ‘l0 it it still cheap even at :1 and should double ill prirc.

Auleril-au Foreign Pots-en closed higllor and is an outstanding bargain ltliilttftl. So is the sixperccnt pfd near

American Gas and Electric rc- pciltrtlly a commended at 19 and l7 as the host of tho Utilities. closed a point highcr st 107g. Sooner or later you will ace it around 30 s:-

nin. Ilovre Sound gave nu a fifth or sixth opportunity to uy it nonr ~iIl yesterday, closing 45 today. Tho

other gold and silver stocks are also Illgiwr and l remain bullish on them as stated rizht along.

General Electric docs not do much hilt is still srvcrai points obovo when:

we first told you to buy it. re nlulns a purchase around 2i uni Westinghouse around 33 Loews rc-

coulluouilcll last week around .13 elus- i-d at MIX, and will soil again nPilr i0. And if you took profits on al of Columbia Pictures ahoro 44, as ad- vlscd at the time, bily it hack sreuad

Qucboc 'l"\l and PI‘\’l‘i\\iI"4

Iorls groan fol- lilili

rsuu like Vnion Carbide sud ' Carbon. iluhllcr Pfrl... Pelaneso. At- f‘l:i.\'(l!l_ Col Carbon, Johns Manvillc,

Qlv. Baring.

Y?

GRAIN

t-Iuilslsloli null \\'ill'll)iu CHICAGO, March 20~ Wheat:-

Low

917’: Witt H)

any, in w, ‘Jl ii

1st’. 77%

wiNliiPliiG, March 20-

llisli Low Lust

st rat; am, xiii $219,, stilt

“l.

30% 37% 335i 30 31% 33%

(Canadian Press)‘

WlNNiH-Iu. .\lnri'll ‘ilk-brain mlnr; Ilia the world orrr awakened tooth‘ tn s menacing situation in United Stator southwest. whole. to other crap failure ill the I \\ ale" when b," appear,“ pnusihe uu rains foil soon. ‘

in the wuko of an ‘all

' at, whore m‘ k Z§§a.'“§‘r'."rr scored, \\_'\l\I\ii"‘i-i a lrTces closod ‘is "““"‘ imilhr‘ t 83.

tt-lllporalllrcs hill" Snulllcrn nil-

Currencies

...___....

(Canadian I'll-II) , NEW Your‘. .\larcil eoiglytrrllmlscllln r srvisioh by the 11:01pm" bM-én Mom", g staying influence towards iii" wav: ering gold bloc currencies In llw l" oi a exchange lunrkcts tmlal- H m,’ Rho Frcucil franc l‘lli"ll ‘Io higher most of the d"! "ml ° i" changed at B The helga cent to a rinsing rate tits-cling rsuctcd after _. u flurry. and lost lanatqnflsldlll"; u. tilt". . a bploiv yesterday's finish. qwlbfilllrlgill“ is“ (may iclllcil n siscahio ‘raliu u; “Landing ‘Rs discount from li~ Null - 8§rauau March ‘Iilrllif "3232 Rtutcu ilniinr hull the hrcuill- both shown-ll fractional "uh II "Qtufqlnl jprolga oxvhnnnat n m . will]; the pound atr-rllau i"! ,, The doilttr rosu Zi-‘i- prrccnt prolulum oi of s rr-nl

~

or llltollnt. en percent at 1%

'whio the frnuc was an ~ .. l at 0.01 ma- Tilt! l""""| W" tr ° s cent st l4 ‘A -

Mt’l. Stock Exchange

(Quotations furnished by Jehufls. sud Word numbers of the ldoutresl iitoek lflxcliunle. lontrenl Curb I llct, lad Richmond Street. Churloltr town.)

._.__._. Buthurst A . 4 iicli Tel 131 Bras '1‘ L Pow ... 8% ii CPowA ‘FM-r iiiiild Prod 23% (‘an Car Cum 0'12 (‘nil Ccl Com 19 Can Coal Com ... . ii 0% Can Cull Pill ...... 55 Can Hydro Al A 8% 8% can lild Al B 7% 75s Cull North Pow . 50 Can Pac 9% (‘ackshilt Plow . l5 (tolls Sliflliil, .- iloni r Be _- Deni will 1W5 Uonl Staci Coal B . 4% 1mm Tex Com 79% lloiliugcr Gold Min i710 lntl i\li‘il . 16% --*% liltl Pow Pfd 45 Q” hlassoy liarris 3a. \ii'(.‘ull Front . .\ionti Pow TIYI Natl llrcw iii/l .\'at Steel Csr a Power (‘orll ‘,5 Qucbcc Powcr . h“ Hilnwiniltan n South (‘an Pow: - “v Stet-i (To (‘an (.0 ml \\'iil Eloe Blllll

Cfillllllfiffl 151 liioutrca - .- Nuva Scoti ltnynl m‘, Dank ot Canada f4

PRODUCE

inn Press

N. Y. Stock Exchange

i1-

(Quotations ' ‘ed by lohustel and Ward members of the llloul real Stock Exchange, Monti-ea Curb Market, 156 Richmond Street Charlottetown).

\

tudio - Gouch - Week l at iio|man’s!

Look! IO Only’

Of these lovely Sim- mons Studio Couches,

Markets At AV Glance

(Canudiun Press) Toronto and hfMllIQlF-Ildllllilll stacks lower.

Toronto Mines-Lower.

New York-Stocks losed iewsr. \v ‘ Wheat to l5.

l: null

Miscellaneous

(Canadian Press) .\IO‘.YTREAL_ March 20- Wheat nor no 2 86. Harley C W no 3 b1. Hurley C W no 8 l1. uats feed no 1 30.

Blocks Opened Lual Air lted . 10554 Allied Chem 121 Alli Chaim 13K Atl . '.. Amer (‘an . 113%, Am Car Faun 111,3 Am For Pow 21/; Alli l-‘or Pow 2% Am Loco . 0%, .\m Pow L 1V, Am ad .. 11 Am Smelt Bfg 322g’ Am Sugar 50% Alu el Tel M10134 Aln Toll B . 761,5 Anal-aids Co 8% Atcblson 30 Aubilrll Auto 15% illtld Loco 1% liilit (Jhiu .14 iinru A . till, licll Aviation 12% lictli Steel 23% Briggs . ‘£522 llyens A M l2 llurr Add lliuch 23%, Coll l5 15% Cull llry Gin Ale .. 10V 10 Call Pile ... ... ... 04 0% (‘use 'l‘hrcsh 48 47% Ccl Corp 20 Com Sou 54 Cong Nnlrn 2‘! (flies Ohio 38% (‘hie North . 3 Chryslcr Mot . . {l3 ifolllmb (‘nrb 73 Col l-‘ucl lron .. 1V. (Ynluln Gas Elcc 45K Com Sol .. l8- Ccln (ills 17 Con Oil 0% (‘on Can .. 06% (‘urn Prod 03% llcl Ilin .. . '15 i~l i Ilupont 871’; llnst Kodak .

l-llcc Auto Lite Co Elcc Pow Light l-Jllo . First Natl Stores Frccport To! .. (lcn Asphalt (len llllne ... Gen iroods ... (icn lllotors iiold Dust . . (loodycar Ilub Graham Paige (lrrat \Vcst Sugar llsustou (iii . liudsan Mot

Loews Incorp .

Loose Wiles Bi 3H6. liciiccsport Tin iiil, 04% \luck Truc ‘-’l“_'- 111% “nth Alli Biih Edi/g liiiss Kan 3 ll

.\llss Puc 1V4 llont liar 33% Nash Mot lull Natl Bis . 25%, Natl liuiry Prod 14% Nat Pow Light 6% New llarcil . 353 New York Con . lJ-m North Alncr . . 9'54’ North Pal: .. . 13% Pack “at .. 39h Penn Rail .. 17% Pub Svr N J 133V; Phil Pct 1.1% Pullman Co 42

llaiiio Corp 4% lladio i\’~.:itll Orpii . lfiir ilcp Iron Steel il-li llcp lron Steel 0-2:; Safeway Stores 118;‘) Scars Roebuck as‘

m o . .. Socouy Vac riuiltll Pal- .. South Rail Stand Brands . Ntanil (ins hllec ... Stand Oil Cal Stand Oil N J Stewart Warner ..

EXCHANGE

By Frank MacMillcn,

Associated Press Financial Writer (By Guardian's Special Wire)

NEW YORK, March 20. — The stock market see-sawed gently to- day, and a little heaviness in the tobacco shares appeared to be enough to tip it downward toward the close.

Bonds on the whole behaved bet- ter than equities, with s. number o! secondary rsils and utilities getting ahead fractions to a point or so.

rcctlon. Other news from the corporate

Studebaker

Thsrmuid .

Texas Co .

Tcx Gulf Sui . ..

'l‘lnl ltoll Bear . . 11

Union Carbide Curb .. a

Union Pac .. 86 so 121 on», 14-.-

. {fir We're proud to be able to oifer this outstanding ‘,}'°§“"s"mf,'°_' mil,” Studio Couch at such worthwhile saving! wirnrfrfvglré. All} Study the details of the Couch illustrated here West Union ‘m.’ --bctter stlii come in and see its deep spring filled ltgggwlglg; ‘,5; u: mattress, its three Ixapok-filied cushions, its range of §V°<1=‘Zt‘l;!’,1\l$gk . 1;: serviceable covering in many popular shades. We

j 2., know you’li be convinced that hcre’s the outstanding creel?» ‘-"~’ Studio Couch value 0f 1935. Furniture prices must ll FTDW NEW YORK g“ hmhehntw NOW‘ ggrllmer Now. Monthly, N0 Interest.

cotton held steady-and was no long- er a primary influence in either di-

lrlour spring wheat patents, firsts.

5i» 40.

l‘iuur seconds 85 00.

l'imn- bakers $4.00.

|‘in\|r winter wheat patents, choice

$10 t0 $4.40.

i'loun white corn $5.50 to 15.60.

nran ton I20 25 to 827.25.

' "7 25p was.

330% to $31.25. 00 lbs 2. .

llay no 2 pl en csr ota $14 50

Vilecso no 1 Uat fail 11. too 11!:

rncess summer 12%, to 2%.

nutter no 1 0 ~ i-Zglzs in cartons A 1 large 20 Fggs A 1 medium 3.

111g}!!!

Simmons quality through and through, deep spring filled mat- tresses und s t r o n g underconstruction as- sure years of durability and comfort, Secure yours today.

Sale Starts FRIDAY.

~ Simmons fixuafizugr Twin Studio Couch B30.

lg s C 10.

Potatoes Que no 2 whites 50-00.

Que no 1 mts so-os.

N. B. eobhlers dihfi.

i‘ E I mts 0.540.

.\' B mts 05-70.

NEW YORK, March 20—!ndex of

staple commodity prices (Dec. -il equals 100; 102d average equals

mus Studio Couch exactly as illustrated at the no separate spring filled mattresses and three pillows which form the back, upholstered shades of green

t 39o

I

mat in a gyoud quality repp covering in

l‘.l

23o 5). ‘Parlay 148.0 grev day 148.9. Week silo 15 .0 veer alo 137.1- llillb high 160.0 1935 low 148.4. 101i! high 15a: i034 low 126.0. lilflil high H8 ll 1033 10W 18.’!- (Copyright 1035 by Moody s).

LII7E§TOCK l

(Canadian Press) MONTREAL, March ZIJ-Olferiilgr: on the two Montreal livestock mar» keta tedsy totsllcd.28a hes com posed of only 28 csttll. 179 and 81 hogs. The cattle were cunuers sud cur~

or tan.

$12.90 Now, $2.60 Monthly IO Months.

N0 Interest.

tsrzéluslity selling from $150 l" r.

(‘alves were steady at $4.50 fur mmmqn to plain quality veals to

$5 (l0 far medium kinds. The B1 hogs were in the one con- I signmsnt. r

MIN NC ,

..__._. (Canadian Press)

TORONTO, March 20~Stocks for sale flolved into the mining depart uicut of the Toronto Stock iflxchanl: iu sufllcieut qusntltiy today l0 l!" settle quotations and the close rcl resented a general shading of price. Several of the big golds, notslll hiclntyrs and Lsks Shore, rksd ll around mid-day to show is us up i 7.’: cents sud this shew o stien i encouraged the secondary group u practically sllgslns were lost as o1 ferlngs increased in the last hm" The index for both golds and misccl

lam-nus mines was down for the day Silvers shovrcd little action sin. recessions were the rule. lu the bust il|i'iuis_ Siliiblll-y Basin, up. 3 cent-a had the only advance. Norsnds drop pcd is. The chest! °"= were heavy Ajax losing 10 cents, Acme 1%. " 1/‘, and Associated 3. TORONTO, March 30— Stocks m“

Homestead ilowoy . - . .\i Cons

31H

('l‘i‘.'it liriiain pound ‘i s-rgr. . . - . ,4“ . _ ,i,,,,,,,,,| 1pm,, WW ’ Alnilfl‘ (infill {wen-s adding iliitilCl‘ to Slill 1mm rlllvp" mus; W“ PW _ - < ulg llll(‘(‘l‘i.1l.lllil(‘.'<, thrill-ultras". L n ip-url, 1a,", 1:: Encouraging nnlnlahrcporL-s tro . .~ Jm}, ‘MUM 3 was 'i‘lllztlriv“i‘li elixir-at a number oilbcompamcs llad lit. it ;_.,.,,,,,. »_ ~_ _ “m, U" - cficct on clearings today. steel i »— .. * Canada. ilowcvcr, which :0 o ~ .- .-.v pound 4 7W0‘! lnlp iph '1 >1 w] . . - p r m“ _ ' ' ' uuluiuw. .\.. ~_ »__ iIPAIFlYEiXIClC/Ilifilid comings ill 19. t y“ W, _ r~ .- int-s , IQ. n . laugi no n any prlrvculur d -\ ‘iii-ll lnaud, showed a gain o; 7;. ni it pol

(cums . 1A1‘, March 28- uo to ccr- front WM indecisive.

tuillloxezml soiling bologna“ 35:, The weekly review of the steel 0-3,“, P I 0.. . prr rant at s33. Dominion Steel and Cont‘ levels. halal! “lfifaflf ‘an; noted industry by "Iron Age" noted fur- licsd Aalu .. Pf,‘ “a”, - - _ m“ ‘MFAJMPWKII _ _ _ which reported an increase of sbo‘ wtiialltintlarolc-yfen tho lleutm mo» ther small declines in the rate oi llzzlclgai-"id - Pore Cro . ~ t a a i“ - - ' - - - - $500,000 in profits in 193.1 105; iiuea and dairy alarm below the iws- operations and the level 0t scrap Roy-um '_ Preston . ~ . -. ;lninor fraction. Dominion coal P . ged levels estahllshsdmlozguchfg°lo prices, and s. slackening 0g forward s... Ant .. . . Rléfm sM-ont fcrrcd lost l". at 137%. Details or