‘M’ "“.l%'.°l'°" "I W - Uzfi-“vonx, Aug l-ltocks plonrh- he“: vrith mast commodit to- ‘aithoughmctiviiy in the share ‘n; was reduced, Profit-taking ‘m: ,1 to hold few if any terrors for IMNZQDIICIQIIIIE bulls who hid prices I“ 1y at the close siter realis- hsd cut into extreme gains 1 point; made ‘during the - war excura on.

mama‘ ImllIlpcmént shares took their ‘from current gossip as to wh ‘Mm happen to. commodity quota- You, should manufacturers be en- "°",,,..l through easily available gait channels, to stock up with

and international har- "m°l°"..fi'.i.°n few weeks ago vnrs. conservative illlllfiers here that the vigor by leading issues in New York, "upmng the depths of despair, r189 might be 281111111’ . top heav.v. but on the other hand when profit- “lum 9d alleaa with respective net Europe was a liberal buyer of dol- taking was due, the local list ap- thlm oi about 8 and ‘l points, respec- I111‘! Mid foreign etrhniices weakened. peered to absorb it: with leas dis» villi,‘ Re." Roebuck w“ .1" pmm. What the Stock Market did: turbanco to price levels than was the “utlup 3%, , case in the larger market, The de- mn ‘erlcan Telephone again a leadsr mand for Brasllian was the feature 5nd n, m, 5.7-, h" 101s‘ for g Number of advances of today's trading vrhibs power, ;':,'°,,,,, o; m, ‘Market friendro! the ginger 01h declines Canadian Pacific? rllelle llitI McColl s e hat ex- 11° "l"! l1!!!’- - were additional eatures.

m“ "Yuan", u um d I TM" 1'1"!" 111111911 - MONTREAL. Alia’ 5-(81 The

" s) " n tract on

lg 2,000,270 shares, tho market remained

‘YE’ S T RIM Yzs

MARKEL GOSSIP

' o! hcillties to take care oi the broader market meant larger revenues; by the same token Western Union rallied more than 3. American Can, American Water Works, American Tobacco B, Allied Chemical, Santa Fe ‘Union Pacific, National Biscuit? and Weat- inghouse closed roughly 115 to s points higher, Oils made the most of rumors concerning n possible in- creases in crude prices.

Although turnover was reduced to

in strong hands throughout the sea- sibn especially at the opening and clos rlg, Brokers reported purchasing orders were coming in freely, despite the feeling in more

foreign

Montreal llarlitt Slllellghts

(Canadian Press)

'1‘oday's trading on the local mar- ket resulted in a further substantial advance by s representative group o! issues, Tho trend was not uniformly upward, as the 12 net losses at. tho close indicates, but the advances were much more conspicuous than the de- clines, and the index closed ,1ti higher making s total recovery from the re- cord low up to 5.61 points. The man- ller in which the market advanced today was again satisfactory, The market lacked the rather spectacular

f}

Grain Market‘

(Canadian Press) IVINNIPIIG '

WiNNlPEG. Jlus’ o-nlelllloviiifliir "pgft.il'fldfl took the edge of what ‘g the outset appeared to be another plolnising bull movement and wheat slrsdied in late trade to clnae with h-llctinnel gains. Values at the close gore "A. to 5G0 M81191‘.

October gained 3's to 50%; Dec ‘Y. lo 00% and May 56 to till.

Foreign sales overnight were con- firmed in the cables from Liverpool but the nskrcgate was small and pit trading did not: reflect much activity pn the part of shipping for export housl-s.

Illllllsh sentiment at Iliverpoul and [jhlpago proved a source of strength Ill till- early trade. Reports that a pool was to be formed at Wall Street to advance the price of wheat appear- ed to he the basis of the change in sentiment, Export trsdo did not play any part in the forward movement.

Light offerings were the rulo from Argentina and there appeared to be no pressure from Russia where the collections have been small and the new crop outlook discouraging.

A further improvement was noted in the dl-mand for cash wheat with spreads fractlonally higher for tho ton grades. Bnrloy for export was the feature of the coarse grains sec-

. tion. cnoes Wheat: ott ma; Dee aorta; May A

Ollts; Oct 2014B: ‘Dec 27'V\A. Barley: Oct. 3314B: Dec 3354A, CASH PRICES

Wheat: 1 hard, 58%: 1 nor. 2 nor, 540G: .'i nor. 5.1%; 4 nor, , '- N0. ii 47057 ‘Yo. 0 41%: Feed, 38%; Track, 57%: No, 1 Durllm 00%. Ooats: 2 C. W, 8414: 8 C, W, 311a: ' Ir, 1 Feed, 31%; ‘l Feed, 29%; 25%; . Bejereicd, 2.7%; Track, 32%. Barley: .’i C. W. 85: 4 C, W, 321A; W, 20%; 6 C. W, 25%: Track,

CHICAGO

l CHICAGO, Aug 5-Buoyant as a

I result oi eager purchasing. largely on the part oi the general public, wheat mounted today to the highest 011°" reached this week,

Tho rise was in spite of heavy sell- ing from houses with eastern con- nections. a development opposite to that of late when pressure increased on price upturns. Indications pointed to a good export business including some United States hard wintcr wheat,

Wheat closed unsettled $.44‘ abovc Yesterday's finish, corn unchancvd to ii off, oats at 4i decline to 1,5 ed- vance, and provisions unchanged to I rise of 20 cents.

BONDED WHEAT NEW YORK, Aug b-Honded wheat - aged firmer. Illoslrlg: Oct 541,4; Dec

51% :

cl ... i1!

Foreign Exchange

MONTREAL, Aug I$—(By The Can- adian Presn-British and foreign ex- change in relation to the Canadian Dollar, as complied by the Royal Blink of Canada, closed today as fol- lows:

Argentina Peso 0,2080, Australia Pound 3,1853,

Austria Schilling Not quoted. Belgium Helga 0.1580,

Ziirnzil Mllrels 0.0875.

Bulgaria Lev Not quoted,

(fllllla llong Kong Dollars 02054, (fsehoslovnkla Crown 0,0340, Denmark Krone 0.2138,

Finland Finulark 0.0181.

France Franc 0.0440,

Germany lielcllllmllrk 0,2727, Great ilritllin Pound 3,0717, Grccco Dracllma 0,0075.

Holland Florin 0.4000,

Hungary Peago 0,2006

India Rupee 0,3020,

Italy Lil-a 0,0501.

Japan You 0,3138,

Jlllraslavin Dinar 0.0107.

New Zcallllld Pound 3,0100, Norway Krone 0,1004,

Poland Zloti 0.1205,

ltoumrlnia Leu 0.0071,

South Africa Pound 6.5101, . Spain Peseta 0,0032, \ Sweden Krona 0,201.1, Switzerland Franc 0,2230.

a

premium, EXCHANGE

France 71.01 0-10;

WHEAT

NEW YORK, Aug 5_The New York Times says tho formation of a $30.- oomplisbed. will be managed by Arthur W, Cut-

lu the grain markets of the United Slates and Canada for years,

tinues, are bcllcvell such that a sub-

Is around September 1. a

ernmental and financial interests Gugene bieycl‘, Federal reserve boards, ed with bankers the

dustrlai pnnles,

and manufacturing

Nanking Cafe

I- Popular Restaurant‘ '

“ - Puccini dinners every

Prices Moderate. . Dinners from 85 cents up. ' ; Noted for quick service and excellent menu.

i Central Street r

day including Sundays.

Summerslde

3755-0-18-580-5106.

kennel-fills lsiae.

thin gotill twistilyoti. maple); jcenteioa When! ouiiesici lion)

i“ HICKEY

tilt.

1010010 '11P’ 50 912,7?

of

s),

United Stutcs Dollar 14% per cent

NEW YORK, Aug 5—Foreign er- vhange irregular, Great Britain 3.4014; Italy 5,00%; Iiei- gluln 13,8015: Germany 23,78; Canada

000,000 pool in opt-rate in wheat is reported to have bcen vlrltllaly ac-

Tbe pool, the paper says probably ten oi‘ Chicago, a prominent operator

Conditions in wheat, the Times con-

stllntlal betterment la price can be brought about, especially after hedg- ing operations are ovcr which usually

This shared interest with belief in many quarters of Wall Street that s wlvlo sprcnd programme for Industrial revival is bclnl: formulated by gov- n“

Governor of the has lllscuss- practicability of organizing a corporation to fin- ance rnw material purchases for in- com-

r" res --

-again gained leadership on the Mont- real Stock Exchange today with a turnover of ovsr 11,000 shares in a day of increased activity and con- strong, following good reports from tinned firmness. The close was strong, following good reports from Wall Street, with lirices Benerally from fractions to over u point higher than msterday.

Brazilian opened the day at 07s was quoted at 10% st noon, and closed at 11% for s Iain of 1%. This erstwhile favorite of the Montreal buying public has for some time been left in obscurity and its return to activity is significant as an indica- tor of returned public interest, Montreal Power, Canadian Pacific and International Nickie were also active stocks, .Power closed the day 1,1, higher at 83%. C, l‘, 12,. was bought heavily in the afternoon trad- lug and was up- 1% at 10% at the close. Nickle, afiel- touching l! in the iorenoon, later sold oif to 8%, down

‘A.

Dominion Steel and coal B display- ed exceptional activity and strength. The issue had a turnover of over 1800 shares and advanced a point t0 21A. Ehllwlnlgan Power was up ‘A at 13%, Consolidated Smelters up a point at 001.1,, Dominion Bridge n11 14 at 180/, and B, C, Power A was n9 ".4 at: 221/... National Htcel Car was 11,4 higher at 10. National Breweries lost a half at 1015, Steel of Canada 1,4 at 151%, while Canadian Hydro Electric Preferred was off 21A at b0, Other changes were fractional. ln the Bank. Royal Bank of Can-

ada was ‘A better at 157. while Banque Canadienno Nationals lost i/, at 121%.

Montreal Power Debentures were off ‘A at 80%

, Total sales 'were 30,004 shares and $43,800 bonds.

Sterling closed at 80.00% and United States funds at 14% per ccllt premium.

355,- lifarkct- einoin sta etnoci hdl

New York‘ Curb

( Canadian Press)

Stocks Amer Cyenamid l! r 4% 3% 45G Amer Super Power v 3% 3% 3%

Cities Rervleo C0 ... 4 Cord Corporation .. 3 Elec Fond share .. 141/; 18% 14% Gulf Sol Corp .. .. 37 35% 151/4

llum Oil Refin Co .. 49 imperial Oil Ltd .. 0% 8% 01A Inter Petroleum ... 101,4 10 Niagara Hudson ... 13% Stand Oil of Ind ... 2214, Stunt! Oil of Ken .. 13% 13% 131/4, lln Illght Power A . 4% 3% 3%

b.. .4....ard.. srdi shrdlu aoinlln

Canadian Gov’t. Bond Quotations

(Canadian Press) . Bond Bid Ask Do of Csnsds 514-84 ..- 101% 101%

Do of Canada 515-31 108% 10014 Do of Cansds- 41446 96 9055 Do of Canada 5-43 . .1001‘ 101

Do of Canada 4405i ... 06 06% Do of Canalil 415-59 asl 06 06% Can Nat alyl 414-51 ... cola am.‘ Cali Nat Rlys 456-55 ... 98 08% Can Nat Itlys 5-114 M

‘h s :1

Nat Rlyl 5-00 .... 101% Do Can Nat flerv 5-38 .. 1001/‘ 101. Do Can Nat Berv 5-41. .. 100% 101.

Stock“ Exchange

Stocks Al Chemical ms American CIR; .~

s t-l o

High Low Close mass 60% 00% d0

Ans Copper ... ... 0 Atchison ...: Auburn Auto ... ... 0614 09 Beth Steel ... .. .... 1m 1m 11154 Briggs .. ... .... ... 4 Cull Pacific ... am: 1i

13 14% Cass Tllresh ... .... 48 31% 435$ 0

Chrysler Motors n. u 10 9% 1 Col Gas Else .. saa 105$ 10 1 Consolidated Gas om 4055 c014

Fox Fllln n4 Si‘ 2% 2V. Gen Electric 111‘ 1d 1714 Gen Foods 20% 25% 20% Gen Motors 18%, 127; 131,4 Gen liall Sign 16 Goodyear Rub ... 189$ 18 13 Houston Oil .. a... 171‘ 1M‘ 10% Hudson Motors m as iii/a 5% hi’. Hupp Motors .. ass 2 int Harvesters .. .. 28% fl 28

int Nickel ..- n-a ... 8 7 ‘I lut Telephone .. w. 814

Ken Copper ... ... Lambert Co .... .. 80% 86% 36 M Pacific .. ..a ‘l... , . 8% M Pacific Pfd .. .... 0% Montgomery Ward . 101i 956 101's Nash Motors 13 1t New York Cent Packard Motors a .. 2% 2K I55 Paramount Pub . .. Pub Berv of N J’ ... 41

ma» Corp ... bu“ be“, a dying o; 01d "a 1n Canadian preferences on Irish Iii-dd’ IIIIQOIIIUCKOIEh .1 211i 10a 211i London z... "W111" Ind "limi-

§.".".I§ §I§III1 ‘.1122’. 111i I§ 1:114‘ Winnie wast-he original of a. a. —~——~-~--

swai <1" 1"" 11 1i 111 name's well nlown chum-lulu awry 0A1‘ Cull-WW

14 stalls on of n r .. at,‘ s: s4 Texas Co .. ... 15 Ts! Gulf ul Tim Roll Bear .. as 1 U Csrb Carb .- linlon Pacific - United Aircraft s United C0117 United Gas U 8 Rnblbor

e .

n55

Warn Izros C Wes a! "l!" 1thCo..... Sll It SI “UDIIWUDIIYIIIIIII ... ... 10% 15a 10%

Hilrll Low Close

it kies and continental wines,

77w Montreal Curb Marker

-....--._. (Canadian Press) ‘- ' High Low Close s-s 80 711' B0 12 10% 10% 100i: 5% ti!‘ 5%

RTOCVKS

Beauharnola A Big Missouri .. British Amerl Oil 1“ corp Sea

Dominion Rtores 17% imperial Oil .. 10% 0% 10% Imperial Tobacco . 3 inter Petroleum ... 11% 11% "Z Lllks Shore ..- ... .. 39 Moss Mines .. ...-s 30 Norande .. w -..... 1M0 18 1815

Biscoe Mines .. ... 75 Took-Hughes .. .... 430 427 427 Walker l-llrsm .. ... 4%

Walker Hiram Pfd . 11% Wright Hargraves u.’ 286 Miscellaneous BUGLE

NEW YORK Aug b-liew sugar was unchanged today at 3,08 for spots with buyers at this level, but holders generally closing 11.10. The only sales reported were concluded late yesterday totalling about 210.- 000 bags of Philippines for Nov, to April shipment to an operator at 307

Approximate sales were 10,550 tons, Sept: closed 1,01, Dec 1.07, Jan 1.05. Mob 1,07, July 1.18,

The refilled market was unchanged at 4,10 to 4.15 for fine granulated, with second bands available at a- round 4,00, Withdrawals on old enn- trllcts were of fair proportions, while new business was light and supplied through second hands.

COTTON

NEW YORK, Aug li-Cotton futur- es closed barely steady; closing hide: Jinn 023: Feb, 020; Mar 010-3715 Apr. 043; May 050; Jun 050: July 002; Auz 585; Sop 501; Oct 007-08; Nov 000,- Dcc 015-10,

Rpot closed quiet; hflddling 8.00.

Liverpool cotton, spot quiet, Prices unchanged» American middling, fnlr 5,00: Strict good middling 11,24; Good middling 4,00: Strict middling middling 4.09; Stilct low middling 4,04: Low middling 4.54: Rtrlct or- dinary 4,34: Good ordinary 4,04.

Receipts were 2,000 bales including 13,400 American,

Montreal Stock Market Quotation:

4.797

(Canadian Press) High Low Close

Stocks AllItIbI Power .. .. 100 00 100

Alta Pac Grain .. .. 01/1 Bell Telephone .. s. 00 89 00 B C Packing l... 1% Brazilian . 111/, 0% 111.4,, B C Power A ...: 22 22 22% B C Power B .. 5% Can Bronco Com 15 14% 1.'i (‘an Car Com .. . sl 5% 6% 5% (‘an Car Pfd .. t . 1H’: (‘an Cement .. t . 5% 5 5 (‘an Cement Pill . 3S 31 3R

Rtcam Pfd I .. (‘an Pacl c ....

cncllsllut Plow .. (W. 11% 0% Cons Smelt ... .... 04 Dom Bridge ... Do Steel Coal B .. 2- 1V: '3

(‘Bil

DOITI TEXUIQ . . . . . 53 52 52 Gen Steel Wares 2 1Y1 2 Gurds .. . 13 Gypsum ., (II/s 37s Iiow Smith P 2 Iioll Gold Mines I525 535 Int Nickel ,. .. , U 8' 8% Lllllc of the Woods . 11%

Massey Harris .. l-e _ 4% 4Y1 4% i\icCoil-Front ... ... 1

Mont Power ... ... 4 33% 03% Mont Pow 3% deb . JUI/g 30% 301/, Nat Breweries .. .. 17 101/, 10%

Nat Steel Cur .. .... 10 0 10

Ogllvis Mill ..s ... 120

Power Corp ... .... 10

Quebec Power .. ,...

Shswinilan ..

Sher Williams 10

Steel of Canad 18 18% Win Electric .. 3% Nova Scotia .... seq 2'50

Royal .. .. ... 157

Prices Will_ Be Reduced

_ (Canadian Press) VICTORIA, Aug. 5. — Liquor prloes in British Columbia, at least on Canadian products will be re- duced instead of raised, it was learned at the Parliament Build- ings today. Prospects for lower prices on old country brands are good, it was- stated.

The liquor board has been in touch with overseas dlstiliers and wineries with a view to lower quo- " on Scotch and Irish whis- with

every hopes of success.

Reductions in the prices of Can- adian whiakies and gins was mexie possible by lower quotations of Can- adian firms, insisted upon by W. 1". Kennedy, liquor commissioner. Similar negotiations are now pond- ing with old country liquor firlns and a general cut is expected in higher-priced liquors shortly.

‘WINNIE T!!! POOH‘ DYING

nounou, Aug. o-"winnie the Pooh", the world's most. famous

and was so named because oi’ her

habit of rolling ovel‘, sayifls "P°°h" h mmnflym on on, “mo”, w. burbsn Oak Park have to stay They forgot all about skirts and onion w queen Mary herself. she home nights. ‘u Mm m gm“. elghtefl] years The law specifies that they must lee mice from all parts of the "o m‘ n‘ "mum; w the zoo not. be allowed on any street or alley country 11101181“ in wiliiivie for 30 y, "ma"; “may; 9g gonnaught. 0r other ptbllo place between the She was quits tame and visitors] hours of 7 p. m. and 8 a. m.

were allowed in feed her condensed mug and raisins, which she

IsalenUi-ssslubssaa-assslmwflfiemmpg‘

PRODUCE

‘f ssadisllress)

MONTREAL, Aug li-Vslnes of the pound Sterling went down again Monday, and cheese exporters were not so happy about it, as it eased the cheese market a little, but hut- ter continued steady, giving further confirmation that the market is not dependent on the eiport level, at least temporarily,

The butter market was again quoted mostly 1131p: to 1156c per lb. for cnrlois or L. C. ll. lots of No. 1 in sell it for export, however, nllout one cent less vroulrl have to be taken, Tllcrc were few sellers below the 1799c lnark during the day, The announce- ment this week of sincks in landing Canadian cities revealing a substan- tially lower quantity held than lust year, together with some speculu- tlve interest, has tlken the market up and held at there regrsdless of ex- port Drices, Temporarily at least. the attitude was that, with the amal- Ier butter production this year, and the smaller stocks, Canada may not have to export much, if any, more butter, needing what she has for next winter's use, when production goes off, Receipts picked up totall- 111i! 2,014 boxes,

The chccse market was quoted mostly 0050 for Ontario's and 0c for Quebec's, slightly easier than the previous day, due to the drop in sterling. Small export shipments for the next week were forecast, 11c- ccipts were 8,000 boxes; wank ago, 7,810; year ago, 8,479.

0n the egg market varying prices continued the rule f0; carlot ship- ments depending on quality. Fresh eggs that have been held some dnrs are gent-rally quoted unchanged at 10c to 1015c for extras, 16c to 1099c for firsts, and 13c to 1306c for sec- onrls, Newly arriving frcsh eggs are commanding up to 201,40 for extras,

The potato market was 40c to 50c per RO-lb bags for new Montreal grown stock, unchanged frolll yester- duy.

Mining Stocks

I (Canadian *Press) TORONTO, Aug. ii—ii\illlillg sales close)-

Salca Stock High Low Close 1301i Acme .. si as .14 [l4 .14 U500 Alex . . as n. .02

4300 Amily was s.» . 3700 Amulet .- s. .17 1000 Area . .

.. a...

700 B llolllng as . 1000 Giigalnnc . I . 1100 Base itietais a . 7000 Illdgood . .. . 2000 Bunk Hill g, ,

200B t.‘ P1011 v

2125 F’brillgo - a. 1.22 700 Granada 1 lav .9" R05 liolilnger a .-

8000 Holnestd . .. .24

24750 Howey .. ...‘ 100 Huronisn a n .13 200 Keeley .. ... .20

3000 Kirk Lake .. .811 ‘.512 Lake Shore . 9300 hinrassn . s. .-.'i 2000 lllalartic . .-

1000 Man Basin 145 McIntyre

1200 Min Corp 000 Hoes .. .1

1300 Nlpissing s s 1 05 3.100 Norandu - as 2500 013d . as as ._

1200 Premier w n. .00 .1000 Quemont .. . ,10 10300 Sarnin ... n. .21 10000 Sherrltt a .. .40 4025 Siscoe ... Us . 5 10000 Stadncona . a ,0 000 St. Anthony , , 1150 Sud Basin .. .. 3800 Sylvnnite . u . 05M Tllshota . .. . 203.5 T Hughes .. 1500 Thoma Cad