JULY B, 1934

"i/Es‘ TERDA Y’S STOCK and Bozvo

:54.

v

MnRkET<nnmn>

(Johnston and W"4* gnu" WI") [OBNING llranku LETTER

1-. . ‘ORK. N. Y, Jul)’ 27—'I‘he " Q,“ a show at rallying at. n. {up}; yesterday but liquidation ‘up pdereioped in volume. The sell- “o ‘t declining prices continued until lamp. m5 duy when some resistance “glared but no rally ensued. No ‘L’:- factois hare IIPIWIWII °" ti!" gmygson. The -explanatlon for the "m probably llcs ill the drought. n; ‘guropean situation and the fact- “; we mentioned a few duys ago. The I) J Iiail averages hare-reach- ,“ ‘the Oct 1933 low and the Indust- rm nfprugp in not far short oi’ its Oct-hwy it would n'ot he logical to up“; some support. ~ttt these lore-is. 1n ‘ddition the voiulne yest-rrtiliy nlay byrousidered as of "Cilililllii! pro- pofiliflilli and the price declines were unusually large. Thus, the prospects for s rally would scent tn be rather good though in tllc absence of a urge short interest it inily not bt- as .stlarp‘as othtrwlse would he expect.- ‘t _ Luiillaw- and Company.

51W YORK, N \'.. July ‘J1--There qmcserersl voiltributing causes yes- terday to brook iii market. The severe drought in iiiis t-otlritry". disappoint- meat‘ iii tho gl-noral business contilt- ion ililti the disturbing fnrcign nt-wa ‘filmy-r with heavy liquidation from one snort-r- roiubinr-d to fois-o hoary selling. l-Ixpcrt selling to continue tn- dny~ililt illlpossible to say where it IviiLdry lip ii"l>0ris of fairly large foreign ‘buying yesterday.

--~ SUMMARY

wfltlt). Non-brokers loans off 85,000..

Congoleum Nalrn declares quarterly dividend of 40 cents on common in two previous qharters 32% cents 'wss paid.

Austrian Government spokesman stated that it ls only a question of few hours before lhe Government

will control all Austria.

Daily average voiunlo of Reserve Bank credit outstanding during week ended July 2.’) was $‘.!.4fl1,000,0t)0 pa. l-rcnss of 3101100000 below ptevioul wl-ck but. $2ti1,l)0i),il00 over like period last your.

Proctor aild Gnulille and subs, year ended Juno 3t) earned $2.00 a common shat" against $1.52 iii prcrious year.

IIPlIIiPIiPili Stool Pol-p declares div. idond of $1 75 on pfd the first since July 1, 1113;’. June quilrtor net profit Btyliiili aftt-r allowing for quarterly pfd dividend requirements to 5d cents a t-nininoii ahllre against net loss I002,- UH ill ]iI'"\'iU\lS qliarten and net 10;;

0f 334.312.5411 in second quarter last. year. L). J, Index clostie 5T 91 off $.59.

ilh ow Lust Off

30 Ind .... 913'.’ 845i S651 6.06

2!) Rails 7 0.‘) 33 iii. 34 ‘JD 3 30

:0 Ltii .. 20.55 10.30 in no 13o

40 Bonds .. n3 25 1.2a

110w Jones.

IIANON FATS

itoxquiicxa, Que Jllly -_=1_Tl.¢ iliilrkct brokl- very badly yesterday on ilirgi- roiulii" iioill lnduslrlais and

Rolls urn now at nml-lli-llliv tho on. nlu-r lows The brl-liktlolrn was st- trilluiv-d in nllilly illflueiiios including

Jilly 27 No Batik rate of

you‘ roan, N, snnoilnrrillr-nt on h 1 ent

'1 girl-Cw loans during week ended July 25 dwlined $23,000,000 t" $130K-

the war scare, drought, labor troub- lea

it may possibly be that under the new deal busiiirss is in for a period of lean profits and that the market is discounting this.

Banon.

v-vv vv v vvvv

Advertising Rates-Payable in Advance i

Central Guurdlnn lorsls, 4c. pcr vvordl Western and Eustcrn locals, lo, y" word; Announcements and Coming Events, lo. per word; Ciuaslflcu _|s. per word; In Memorials: Notices, 70c. per inch; Lists of Floral and flpifililfll Offerings, Cords, cta., (c. per slams; Letters of Condolence, 70c. ‘per inch: Notices of Thanks and Appreciation. 70c. per illch or dc. per u-flvo cunts.

ivord. OIhcr rates on application.

Minimum Charge for uny ss-"ertlscmcnl .- , . “TIP-ll per word, lhreo Inner--

lionsjor tho price of tvvn. strictly

in glance. For Sale

a1‘ " CROSBYS MILL, CHOICE roller mill flour at $2.25 cwt. Bran at. $1.40. L-aota

Z71; ' CARDBOARD SUITABLE FOB

lining outhouses, etc., 1o per ~ sheet. Guardian Oflice. tf.

rows/ins: - AUCTION scarv- Pive, Bridge and Whist. Score

Cards. Guardian Central JOI) Pi-uitery. Nov. I-tf. ,__.___. i___

To Let

T0 LET - THREE ROOM APART- ment. Phone 121B. L-8003-7-26-3i.

T0 LET-FLAT, GROUND FLOOR,

83 Upper Prince; all convenienc- es. Possession October 1st. Phone 235. L-7094-7-26-3l.

T0 LET - DWELLING HOUSE, Number 1Z4 Elm Ave. Apply A. Plckard do Co., coal Dealer,

L-B064-7-28-3i.

Miscellaneous

FOR SALE — A 1 RUNNING GEAR. for Express Wagon. Crown Bakery. L-8027-7-27-3l.

FOB SALE — AUCTION FORTY-

-. rock, 28th July, 1 P. M. Farm, 325i.“"°‘“é..i‘.ii...‘%‘l‘§¥..f°§é§ sl-k. Prmém ‘ u L-7098-7-26-3i.

2r?" ~

BOW T0 GET A GOVERNMENT Job. Free Bodclet. ‘The M. C. C. Ltd. Toronto 110.) 11-958.

SALE AT J. J. HUGHES, SHAM-

IUR SALE — FRESIIENED COW. Apply Wm. Moore, Milton.

‘i.

i iron SALE - now non- IN ax- cellent condition. A. Pickard d: 00., Phone 240. L~8064-'I-28-3i. i I‘ it SALE — 30 ACRES CHOICE with buildings, 5 miles from City. Apply Guardian. L-7099-7-2t1-3i.

FOR.‘ S ALE — STUDEBAKEN- Sedan at a bargain. Apply Carter's Garage, next Revere Hotel.

' 11-8065-7-28-31.

FOR SALE - DESIRABLE RESID- eacc with large lot at Elliott's- ~ near Church, School and Station. Apply Mrs. B. D. I-Iowatt, Elliott's. 11-8024 7 27-6).

IIGNAL SENATpRS-A THREE year old Stallion, sire Signal Peter and his Dam by the Senator now racing through the Island Circuit is for sale. Price $500.00. Apply to

' W. D. Rice, Middleton, N. S.

N-102 -28-3i

FOR SALE - BOAT 32V; FEET long, ti‘, feet: beam, 6 cylinder Studebaker Engine, Bronze Shaft- and Propeller. Built at Cape Tor- mentine anti used two seasons lobster Fishing. Boat Ls well built and speedy. Also one 8 Cylinder Packard Engine, thoroughly over- hauled. One heavy type Gasoline Hauler. E? S, Fswce Fawcett, Sackvllle,

Wanted

WANTED —- BABY AUSTIN CAR-

in good condition. Neil McKay, 126 Foundry Sh, Moncton. N-l02l-7-27-4i. WANTED-FURNISHED ROOM. central location. Apply F; c.c. Olmrdiun. 7-27-31

___i§l_p wanted

KAN on woman m TRAVEL Ind appoint agents for old estab- llflhed house. Yearly guarantee $1.092. ($21, weekly average) and expenses. Winston Company, Tor- onto. Ont. N-974.

Male Help Wlilia

ll MAN o M Apply Ernest Leonard, Cornwall. tl-solv-v-as-ai

Ilrrnssncs WANTED tro team Barber Trade. Short Course. ~ Rpm training. Molar Barber Col- lflltclisllfax. n-ass.

'11:‘! — LADTS WRIST warcn Ween 277 Kent and Hughes Pr“: Store.

ANYONE GOING T0 BOSTON who would take two passengers, write in care of Guardian.

PRIVATE HOME KINDERGAR- tens pay. We start you. The Can- adian

Institute. N-9l7.

Kindergarten Toronto x10.)

Position Wanted

POSITION WANTED -- UNIVER- slty Graduate (lady) desires work of any kind. Experienced as Sec- retary, Teacher, Clerk, etc. Apply Guardian.

Garden Poison Mixture

Ytmg seedlings 1n gardens H’! frequently destmyfid by mil-Wm‘! which eat through the stem. Jlifil- a‘ the 511118.68 of ilht‘ soil. ms Isabelle Preston in the Dominion DCPWT‘ men; or Agriculture bulletin on annual flowers. A good 9015011941 bran mixture for their control ls made as followsz-mix thormmhly ‘A pound Pars green. Wit-ll 2° pounds bran while both are dry. Dissolve one quart of molasses in Z gallons or more of water. then PW!‘ this into the poisoned bran and stir until all the bran is moistened thoroughly. In smaller quantities. use (lilo quart. of bran. l twislwflll- tul oi‘ Paris RTCPII, and one table- spoonful of mold-lacs, lvth enough water to moisten file poisoned bran. spread on the surface of t/he SWIM nmr the plants as soon as they B" se-t out. The ctitworms come out at night, em, the poisoned lmul and. are killed.

Colorada Beetle In Europe

Fpllowlng the havoc wrought by the (Jolorado beetle in North America some slit)’ Y9K" 9W we" were outbreaks in Germany l" 1775' urn and 1cm. and still another near Hamburg in 1914. Unknown l0 me Frengh wbhorltxes dwMIC W9 war. the beetle siifefld fllmufllm“ France, and since the discovery ln Bordeaux n i022 that the nest fl- mnded u; far north as the lhsllfih mummy gvenv effort; tn eradicate it. m failed. In the early dew 0* one scare mislead new"! "he 9*‘ tlructive Insects Act in 1877, and

the beetle at bay until A0811" 1901 when it was discovered at Til- uu-y‘ me 595.3)", on the 1101111 bank or the rive,- Thames. east of London. The Ollbbfeflk w" ‘up’ presscd- A851" in AUBUQ- 1933- the

Mt’l. Stock Exchange

fluctuates)! fault-sod by IOhlll-rl sud Word numbers of the lloutrul Itoch Exchuulc. Montreal Curb. 1hr- kcl. l“ lichusuad ltrccs, Charlotte-

n) 0min! Last

MONTREAL .. Bsthurst A

Boll Tel . Bras T L Pow B C Pow A Bruck Silk . Build Prod . Can Car Com

Can Cem Coin Cnn Corn (fom Can Ind Al A Csn Ind Al B Can Pac h, (‘on Smelt Dom Bridge . . Dom Glass (‘om

Uonl Steel Coal l1 , , 93% Dom Tex Com .. “a, 79 Gurds ,,,, 5 g Gen Steel Wares ... 8% Gypsum .. . g Holi Gold Mines " 1100 int Nickel 33% int Pow 3% Lake of Woods .. 10 Kinsey Harris 4 -\lv(‘oll Front _ 12% .\innt Pow .. n2 2’ Natl Brew 3g 2|; .\‘at Steel (‘or .. 12 12y‘ l‘""'r For» . $1.9 an Quebec Pow ,,. 161,»; 15% Shaw .. . .__ , 1p 1g Steel Co Can Com ,,_, 3,3 3,3 BANKS Commerce . 151 kiontreal .. g3 Nova Scotis. 1 Royal . 130 N. Y. CURB (Johnston and Ward) srockd L." Ann-r (‘yam B 1611, Amer (is; Elet 22 Ani=r Sup Pow I Atlas (‘orp g (‘itles Serv ( 1%, (‘nrd (‘nrp ., . .1 Elm- Bonll Shur 10% Gulf Oli Penn fil. Hum Oil Ref ... 40 Imp Oil Ltd 13% Inter Pet. .. fit)’; Stand Oil Ind .. 25% Nlgars I-Iud .,, 5 Un Light Pow 2 o Miscellaneous-

(Cunudlsn Press) MONTREAL, July 27-— ' Wheat aoi- no 2 93. Barley C W no 3 B6. Oats C \\' no 2 48. Oats C W no 3 46. Oats feed no 1 4o.

Flour spring wheat. patents firsts

so o0.

iflotlr seconds $5 30. Flour bakers $5 2t). Flour winter wheat patents choice

80.

Flour white corn $4 80 to l4 90.

Bran ton 82425

Shorts ton $2526

Middlings ton 828%

Rolled oats hgs 90 lb| l3 10.

Hay no 2 per ton csrlots 41.6.00.

Cheese Ont col 10% to 1011;

Buttcl- no 1. 9% to 9%.

Eggs fresh specials A 1 28

Eggs A large 261.

Eggs A medium 25.

Eggs B H.

Eggs t? 22.

Potatoes new Quehers 80's 45 to 50. ________i_

sxcnnwca

tCunsdius Prcsl) IIIONTREAL, July I'M-British and foreign exchange in rcistioa to the

(‘aviadian dollar, ss compiled by the Royal Bank of Csnsds. closed today as foilows:-—

Argentina peso .20

Austria schiillng

Belgium helgg .2304.

i-lrssll mllreis .0610.

Phil"! H0118 K0118 diolsrs .8694.

Denmark krone .2212.

France franc .0648.

Germany reichsmsrk .8778.

Great Britain pound 4.9606.

Holland flclti .6651.

Hungary pengo .7?

India rupee .3138

ltaly lire .0484

Japan yen .2046.

Jugoslarin dinar .MI$

Norway krone 24M.

Poland sloti .1867.

South Africa pound 4.94.45.

Spain pescta .1344.

Siva-den krona .2565

Switzerland franc .3110.

United States dolls;- 19‘ per discount.

NEW YORK. Jul_v 11—Forei|-n ex- change stgady; Great Britain high 5 051%; low strut; close 6.08%; R0 day hills 5 02%; Francs 65014; Italy R5715; Belgium 23.41; Gennany 38.- 72; Canada 1 01 9-16.

(‘losing exchange mics:

At lI0f1tI€fli—-—Pl)lli1d 4B6 0-10; U. S. iloliar 08%: franc 6 48.

At New York-Pound 5.03%; Can- ndlali dollar 1.01 0-10; franc 050%.

At Purim-Pound 784.1% fr; (‘an- adiaii i5 4.1 fr: U. F. dollar 1.511% fr.

ill gold-Pound 12s 4d: Canadian dollar 60.30 rents: U. S dollar 50.50 cents.

cent

Currencies‘

(Canadian Press)

MONTREAL. Jilly 2‘I—The cunt! United Suites dollar and roach fmsc continued to display weakness on Montreal curroney exchanges fo- dsy Sterlig was down 8-32 of a cent to $400 8-16. The frsnc was off .01 of s cent st 6.48 cams and tho United States dollar lost 3-32 of onc percent at 151. percent discount.

NEW YORK. Jul‘! Yb-Lcsdlag currencies dioplysed mildly irregular tendencies on foreign exchanges to-

day.

Sterling slipped 5s to close st l5 03 M down from its opening quotation of 5011i. Th eCsnsdian dullsr- mov- ed ahead in early dealings to a on. milim of 1 11-16 percent but slipped to dose unchanged st a premium of R-ltl percent. The Front-h ma.» firmed a trifle closing up .001,‘ cont gl 060%

sons rrcllllla Toss alltl rm’

Vcry many people suihr from n “ , soreness s d itching of the skin between the toss and do not know how to got relief. Lot us help you.

After bathing the fest: thoroughly in hot vvstcr, dry them and apply

Colodado beetle, evidently YIN" lmulce. was again dscovered at Til- | bury. and at Gravescnd) the W" ‘m the south S-ide of me '1'“ ‘A, the present time. sI-ldens- ‘H’ ‘

GU Finder leave at ardian Office. Reward. v L-IYIO-I-I-LL

Dr. Chase's Ointment freely. Repeat this treatment dail unti you are entirely free of ths trouble. Any discomfort of the fest is very snow ing but r. Ch ' Ointment

THE CI-IAIILQTTETOWN GUARDIAN

v

N. Y. Stock

.... .. E h w t (Johnston and Ward) hon : _ High Low Last r .___

w. 3g}: (Quoiuti . .. hy Jlihlfiwll

10o w 10o null Ward Members of tho Montreal

x4 % stock Exchange and Montreal Curb

Market. 156 Ilicllrnourl Street Chur-

lo tctown) 84 63 61W ' 66% “i; M‘; Opened Lu! 691/ 53% 68%

Q."_-_ Ail'_ Red‘ .. ... 06% 95% Ju], __, ._,, ... 44% 44 44% Allied them . .. 12d 124% Sept ... 4m. 44% 441/1 Qlwnifalm -- 11% 23% Dec ... .. .. 4' 45 46-’ i‘ -~- - - -'- ~-

' ' ‘M I" i‘ Amei‘ (‘an . . any, um Am (‘llr i-‘ouild . .. 131/; 11W,- wmmru ._ Am Fnn Pow .. 41g, -i' h"g;_ Aln Loco .. 181-’; Al! Pow iligiit .. 4‘ 3n], Am Smelt. llfg 33 (kg Aln Sugar _ .. tli Dgg A111 Tel 'i‘“l ... 10H Aln Toll B .. . 7211."; Qg[g;._. Anaconda (‘op ,,_ 105i July __ . W14‘ Atchisoli ,., 54 ___ 391.‘ Anhurn Auto .,, 16-8, Dec ___ 39,, Bold Lot-o 7H, " Bait Oilll) m. Rrlril A . til/t ’ - Bendix Ariot it)“, Beth Stow-l 21w, . Briggs 141$ , Byers A .\l l.'l i l-lurr Add Mach ll (Johnston and Ward) "mi “ii - - - ' S2001“ Opened Lust ‘rm gm“ ill" A19 ‘nil ‘a.- .. . Big Miss a0 '71" 'l‘l""h - - Beuuharnols .. '°"l~' Mill" B C (l PINS tlilll» ___ , 5:‘; pa? H 2; llhri Nllriil . Brit Amer Oil .... 1m, Lhrysltvjlultot ... c n a B "= ""1 "-" -- Ci: MIA" raw __ _ __ 38,; (‘olumb lt-iril . o (‘oi i-‘ull- iron . 5R volunl this Ele :‘05 38.5 Poll m.- .. ."' m‘ t'on (‘all , (for-n Yrllrl , Q Iiel Hull i) I Illlpflilt - i-Iastinrl Kodak , : ' Inna pet EH1.- Alllll Lite (‘o ,_ litll} till. Lake Shore :11?" 1"“ Mill" ' 7 .\i . 1m’ . ~ - Mflfflfffe lisp-it ialil Stores Melchet A . ‘m, Iielcller: B . _ ‘iigfllufjl ‘l N V. I v l‘ l'l k Pggznllgi-‘GI-Ililll ‘m’ 151"" Parkhili ' W" l\'l'""l>' s A t m-a . lvl , Satan‘; tilllltififlh lull. “been M, es ::IIt\)ii_\'t'ill‘I lilli) s l" lru iiiill ‘aim: qgckvngughen llnlliiinll ml ‘ventures _ Iiulisilli .\in|_ Walker Iilrliiii 1'22"‘, “Wtk iiifliiil’ 15.5? ' I ' N E w Y 0 R K Loews incorp

txcgllai

(By Frederick Gardner) (Associated Press Financial Writer) (A-P. By Guardian's Special Wire)

mow YORK, July 27-Except. fOl‘ a few weak spots, the stock m“. ket was on firmer ground today 1nd recovered part of its loses on ‘the Vwldc decline in the preceding session.

War fears seemed to have 5uh-_ sided somewhat after overnight re- flcctiol-l on the Austrian situation. Cooler weather and rains in the west removed emphasis from drought losses. although me plight o! the farmer still caused a. good deal of misglving over Autumn bus- iness prospects.

A sharp break in Consolidated Gas brought some nervousness and led to another flurry of selling in the afternoon. Eliminating pal-t of the gains oi’ a vigorous early re- bound. The selling wave was short- lived and the market firmed again before the finish.

Many rails and industrials that were hard hit on the decline re- gained 1 or 5 points of their losses.

Trading declined on the rally. Volume on the stock exchange to- talled 2,213,516 shares compared with 3,337,620 yesterday. The Starl- dsrd Statistics co. average for 90 stocks advanced 1.9 points to 68.3.

Bonds and commodities Joined tho recovery and liquidation of foreign bonds induced by the war score dried up. Wheat finished unchanged to a. cent a bushel high- er after having been about two cents up at one time. Cotton ral- lied for net gains of 70 to 90 cents a. bale.

Consolidated Gas broke through 26 to the lowest. level recorded for the present share and closed at 2'! 1~B. off 2 3-8. Selling was at- tributed to disappointment over the Corporation's second quarter earnings report, shelving a. much wider drop in net income than in gross compared with the like 1933 period.

Selling spread to other utility ls- sues, including American Telephone but they offered better resistanro. American Telephone duplicated its 1934 low at 101 3-4, then rallied a little to close 2 minis lower.

Rail, motor, metals and farm shares staged a brisk comeback as distress selling in those groulli around the opening proved to be less than had been expected and the steep decline in prices tho 185% few sessions resulted in a larfifll‘ volume of buying. Short-covering gave impetus to the rail)‘-

Amorican Sugar refining N" bounded s points. u s. Smeltinil closed 4 1-4 higher. Bethlehem Btzel preferred spurt-ed for a net “in or 4 points on the declaration of a $1.75 dividend on the issue. the first, payment in two years. General Motors. ChTY519r~ Amm- can Con, Montgomery Ward. U. S. Steel, American smelting. Allied Chemical, Santa Fe. New Yolk Contra-l. Du Pom, General Electric and other prominent issues were 1 u; 5mm, 3 points higher at the end of the deb’-

Trsders were less cautious in following the rally on the hope the mgrflgt, might make a stand around the October low points. broken by

s. small margin in the previous session. O Second Quarter Cornbfflle and

Juno railroad earnings statement contributed to a fairly, crowded news budget but evoked mixed re- sponse. Rail statements on the whole continued to show a. trend toward smaller net income as the rmnlt of higher operating costs. Trade commentators retained a

moderutely cheerful tone. noting tint retail trade In most sermons

Loose. Wiles Bis Co. . lickeesporl Tin .\i - Truck

sll-lt-lll-l w

i'llitt=<l tins imp-

.-\l .

Hint‘ . . , _ , \\ ooiwor-tli (‘o .. Worth I'llI1l|I

New \‘nrk—i"vttt\n and rnililor high- or; sugar and roffce unchanged

Precambrian Muskoka

Some very interesting gmlogical and topographical notes on the Muskoka Lakes region. Ontario, arc given ‘n the Julie number of "Scientific Agriculturc" by officers of the Dominion Ehitoinologicnl Branch with YOI-"TCIICP to their ill- vrstigatiolls of tho hemlock 100pf‘l' ratcrpllar in that. district. Tiic ivl-lolc rogiml ofthe Muskoka. lakes is paecam-lalrilirl" and is underlain principally by granite. ‘Ilhc fertile soil is slwllotv and out/crops of bare rock are to be found everywhere. The humus is very shallow in gen- teml but, increases in dept-h in low Isituations and in hardwood stands. The scarcity of soil is probably due to burns which mcured some years ago. humus and mineral soil being washed away by min in sltibsequcnt years. Parts of the country recently bumed over mount-he effect of fire and nuns very plainly. Topographic- ally the region is very uniform. The country is of a rolling character. resulting in an irregular shore lino and numerous islands of varied sizes. The relstivc elevations above the level of the lake do not exceed t.