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rm: cnsnnotrrurown GUARDIAN

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lMt’!. Stock , Exchange

'. ueistionufmllllldlW-lflhmhl figwugrnemlieaol Montreal

steels Exchange, Montreal Curb Jurist. Ill Richmond Street Uhlfl0'“klWl|l~ 5mg. Opened Lust 4% 4% 127% 9% 18% 29 .20 7% 13% Can Cel Com 24 can Cel Pfd . . . . . .. 113 113 can Cem M 54% can Hydro 1509141 . 431i 43% Can Ind Al A ..... 8% 3% can Ind AlB .. s-x on csn North Pow ., . 19 l9 Can P80 - . . 10% 10% Czckshutt Pzow 7V1 7% Cons Smelt . 109 173% Dom Budge .. .. 29 29 mm Ccsi pfd . 12o m Dorn Steel Coal B 4%, 4% H011 Geld Mines 1525 1520 lnti Nickel 28% 28% Mamy Haznis ... 4 4 M0031! Front ... 14 14 Mont Pow ..... 29 29 Natl Brew 35% 357: Net Steel Car . . 15 15 Power Corp 7% Quebec Pow 15% 5t Lsw Corp . . . . .. S; Law Pfd -.. 4 Bhawinlgan .... ... 16% Sherwin W11 13 South Can Pow 11% Steel Co Can Com - 473k BANKS Commerce ... ;.. . Montreal . . Nova Scotin 384 150 Bank of Canada . 62% 02 (Cnllldlnn Press) IORONIO, June 9—Silver

shares snapped into action in Saturday's Ipronto mining market and the whole group pushed into higher ground, on buying that was stimulated by the announcement that the congressional silver bloc st Washington was renewing‘ the drive for a higher metal price. Base metal stocks recorded small gains snd the golds in the average, closed slightly higher. Volume stepped up to 413,000 shares for the two-hour session.

Eidorado recorded the main Jump in the silvers. It touched 215 and ciosed at 2.10 for a. net. gain oi’ 30 cents.

Base metal shares traded in ocmparatively small volume. Nor- snds gained 85 cents to 39.05 on fair turnover, Sudbury Basin 5, Sher-wilt 3, Pend Omille 8. Base

Metals Corporation 4 and mining Corporation 5.

Oils were a bit heavy, minor re- cessions appearing for Acme, Ajax, Also. and Ssrnia.

(Canadian Pmsl)

701101710, June 9-

Glance (Canadian Prat, trial swcks closed higher. ‘lbronio-Minee

-Wheet up 1-a. higher

Chem Res -

Min Corp . .

Wayside - White Eag Wright}! ,.. .

51cm and luoninesl-md -

(Johminn and Ward) ‘ Stocks Opened Ahitlbi ... ... .. 75 Assoc Brew .. .. 13 Beauhamods 3 Brew Corp Pfd . 22 Brit Amer O11 .. 16% Champ Oil Pfd 7 Con Pap . . 90 Dist Song ... l6 Fordof CanA... .. 25 Green Stabell . . . . .. 29 Imp 011 . . . . .. .. Imp Tob . . Intl Pet . ‘ Mel/chers A 10% Norands 3975 Teck Hughes - 412 Walker Good . 24 W-alke: Brew 375 Wright nu.- . 855

lllairkets AtlA

hither- New York-Stocks mum, hlfh- 81' .

Winnipeg New York-Cotton end rubber

MT’l._._(_JURB

FIRM MARKET [Ell BY MINES ATNEMYBRK

Prue Finnuoinl Writer) NEW YORK, June ik-lilinlng shares, which bounded ahead for Quins of 1 to 3 points, led another firm market on the New York Stock Exchange Saturday. '

Demand for the white metal stocks was stimulated, brokers said, b? Wushlngion reports that the silver bloc in Congress would re- new its efforts to prod the ‘Treas- ury toward the $1.20 an ounce mark for silver. »

General buying oi’ industriuls was attributed by observers to in- vestors who felt the House vote for a skeleton NRA would offer no particular hindrance to gradual trade and industrial progress dur- lug the balance of the year.

Railroad men were said to have been mildly encouraged by Pres. ldent Roosevelt's plea. to Congress for legislation for federal control of transportation on highways, in the sir and on wuter.

Continuing F‘riday's advance the market moved ahead .2 of a point to 42.5 in terms of the Associated Press average of 60 stocks. ‘Prens- actions totalled only 341,954 shares. the smallest volume since early March‘ MB-Yll’ traders were said to have been on holidays,

Amongst Canadian issues small gains were the rule. Canadian Pacific, Dome, International N)“- e1, McIntyre-Porcupine, Nora-ride, Canadian Marconi, Distillers-Sea- Smms. Hiram Walker and Ford of Csnsds showed gains ranging up to a. point. Hollinger and Imperial Oil were slightly lower.

The bond market was steady,

PRODUCE

MONTREAL, June 9-“111115 hitter and cheese were slightly off, eggs were higher and potatoes were steady on Montreal dairy and Produce mszrkets during last week's mdlns- EXPOWts for the week to- talled 3.179 boxes of cheese, 20

boxes of butter and 500 cases cf 988$. . The butter market ended the

week at 20 l-4 to 201-2 cents per pound for carlots or less of no 1 grade. Small lots to retailer-g w... quoted at 21 1-2 to 22 cents 1c;- solids and 22 1-2 to 2a oentg 1o,- prints

Cheese scidct a a-4 m 1o cents, per pound for No I cm-rent On-

ta-rios. L) ... | Es: prices were stronger with

graded shipments from Ontario in csrlots or less being quoted M, 31 to 21 1-2 cents a. dozen. for A- large. 19 1-2 to 20 cents for A- medium,.13 1-2 to 19 cents r0.- B and 17 to 17 1-2 cents for C. Car- iots of western eggs were 21 1.2 cents for A - large, 20 1,0 20 1-3 cents for A-medium, 19 1-2 to 20 cents for B and 17 tc 17 l-2 cents for C. Small lots to the retail trade brought 24 cents for A-lnrge, fl cents for A-medium, 21. cents for B and 20 cents for C, in cur- tons, and s" cent 1cm when bought loose. Receipts totalled 14,303

with 0.440 the pre- ceding week.

On the potato nterkeg, North Oowlimw 0r Vlrslniss in barrels Wm selllns for $5.50 o» 5.25

while New Bermudas in 50-pound crates brought $1.50 to $1.60. Old lwtatoes were 35 to 41 cents for Quebem, 42 to 45 cents for New for

Brunswicks, and 45 u; 4a Prince Edward Islands.

YmkW- HomeOil...... .

.. 3331211‘. 1.". 1.. “M” ““'“"""° ' ‘I33. Con Mai - Cariboo Cost1eT.__ _ Csn Pat . Qgbgli; 3% llfiiii?‘ -. chess-acre u THT-%Ei%'-5w‘iiil~T-EFW-5fit‘.' -. usua- — i» E7; DIVIDEND-PAYING cow mmzs 11+: . -l l] .55 Shrewd Investors for the past year have stead- "f;

l, ily been adding to their holdings Canadian I'- Dividend-paying Gold Mining Stocks for ‘i. Security and added income, and as good hedge ,. 5;‘ against further inflation. Therefore we be- j- . 1i. ‘lleve such Stocks as HollingenNoranda, San f. . Antonio, Teck Hughes, Slscoe, Pickle Crow and {i} ,

.~ ‘I I "Gods Lake to be a sound investment under A 1.1 .1 - present existing conditions

.'-v - For further inquiries call

a .1. A. ultus s. an, ......» 1

1'. amnion. »

_ CHARLOTTETOWN

I ti;

Phone 1122

IV. Y. Stock incen- Cloned use (Quotations furnished by Johmwl '2‘..'.2.."‘-"“'*" °' “£1.93 Curb Market. no kimono sum Charlottetown). is Sh‘!!! Opened Illl Air Red ... ..-- 138 135% Allied Chem ... ... .. 149 149% Allis Chaim ...» .. .. 19% 30 Atl Ref . Amer Can Am Car Am For Pow . Am Loco . 14 Am P0 4 Am. 13% Am 437s 59 Am Tel 'I‘el 128% 138% AmTobB... .. An Copper ... ... .. 15 10% Atchison . . ... 41% 41% Auburn Auto 19 19 Bald Loco 2% 2% Bait Ohio .,. 10%‘ 10% Barn A . . . . . . . . . .. 8% 87s Ben Aviation ... - "' 13% Beth Steel . . 25% Briggs . 28% BYBTSAM... ... .. 14% Burr Add Mac . 10 Con Oil . . . . . . . . . .. 20%; 20% 31m Dry Gin Ale 1o 1o Can Ptac .. 101A 10% Case Thresh . 53% 54 Cel Corp . 23 23% Com Sou .. 1% 1% Cong Nolrn 35% 35% Ches Ohio . . . . .. 437a 44 Chic N0“th ... .. 3 3 Chrysler Mot .. 45% Colum Curb .. B5 colum ‘Gas EEec 7 00m. Sol . 19% Con Gas .. 34% Con Oil . 9 Con Can . 79% Corn Prod .. . 77 Del Hud . . 35% E I Dupont 98% East Kodak . 143 Elec Auto Lite o 20 20 Elec Pow Light 3 3% Erie 8% 8% First Nsti Stores 50% 50% Ereeport ‘Pox ... 20 26 Gen Asphalt .- 16V; 167s Gen Eiec ... 25% 25% Gen Foods .. ... 35% 35% Gen Mo‘. . 30% 31 Gold Dust .. 15% 15% Goodrich Rulb ... .. 8% 5% Goodyear Rub . .. .. 17% 1B Graham Paige .. 1% 1% Great.west Sug 30 30 Hud Mot . . . .. 1% 7% Hupp Mot . . . . .- Intl Hal‘ 39% 39% mu Nickel .. 28% 28% mu Tel . 8% 3% Johns Mun .. 48 48% Kelvinaior ... ... .. l3 127s Ken Copper .. .. . 181/. 19% Llg Myers B 112 112 Loews IJlcDrp . 40v. 40% lnoeeWilesCo... .. 37' 37 Mack Truck .. . - 19% Math Alkali .... 29% 29% M15 Kan 3 1W- Mont Ward ... 25% 25% Nash Mot 12% 12% Natl B); .... 28131 29 Natl DairY Prod 15V: 15% Natl Pow Light . _ 9 9 New Haven - 4V1 4% New York Gen .. 16% 16% North Amer .... 18 1575* North Pac .. 1'11? Pack Met 37‘ Penn Rail 21% Pub Ser N J 34% rnu Pet . 21% Pullman Co . 41% Radio Corp 51/. 5% Radio Keith OPDh 2% 3% Safeway Stores 39 39 Sears Roebuck .. 38% 35% 311611 Union Oil 10% 19V! Soccny Vac . .. 131i. 13% South Pa: . 161; 16% South Rail .. 9f» 9% Stand Brands 141i 15 Stand Gus Elcc .. -.. av. an Stand on Calif w. a4 Stand. Oil N J - . .. 49% 49% Stewart Warner .. .. 9% 9% Studebaker . - 2W 2% Theumoid ... 5 l 5 iexasCo .. 21% 21 Tex Gulf Sui .. .. 34 ’ 34“ Tim Roll B221" .. 3514 85.1 Union Carbide Curb . 59% 592/4 Union Pa: . . 991$ 99;" United Air I W“ United C: n .. .. 3% United Drug . -- United Gas Imp 14 13% n s Ind s1 411i 41% u s Rubber .. .. .. 12% 12% Ussmg1t_,_ .....ll0 111 USSgecl... 32v. sax Van Steel . 12% 1394 Warner Bros Co 4% Warren Bros West Union 8016 West E180 - .. 47% 48% Woolworth Co .. .. 60 60 Worth Pump . .... Yellow Truck .. ... D Currencies u (Clnldlln Prue)

eter edverieed Mont- potmd ling on h

turdlo. cloned at 4.00 74,1153 ofueentwhile the

MARKET

(n; Johnston ms wad-c Hpeoilb Wire) -

MORNING MARKET LlTIlR

NEW YORK, N. Y2, June 0-3!!!- "oept for n modest rally toward the close yesterday, the market chang- ed little 0.1.1 day and volume was small. American ‘Del end Tel was up two points, bu‘. meet of the gains were functional. In: was ee- ported that the Prvcsideno was to send his long emu-lied message to Cougres on today, butithadnonoticccbleeffecton the mils stocks. -

The market had u sharp $311k following the Schechtter decision over fears that a. deflation of prices would occur from the brack- down of the codes. A technical re- covery has taken plaice and now the market apparently is awaiting to sec if earlier fears will be real- ized. So far no serious general price cutting has been reported. The seasonal dcelino in pmduc- tion seems to be contributing in some cases greater than of seasonal pro- portions. The market so for has not followed this trend. Until trading develops in large volume there is little basis’ for judging the immediate outlook. . Ieidlaw and Company'-

SUMMLAEY

NEW YORK. N. Y., June 8- Gold burs 141s 10d vs 141s 0 1-2d. Bur silver 32 ll-ltld unchanged.

French Senate, by vote of 233 to 15, grants Premier Laval full em- ergency powers. Chamber oi.’ De- puties Friday took similar action.

J. O. Penney Co May sales $10,- 979,741 vs $17.0B4,631 in May 1934, off 0-6 per cent. 5 months $750411,- 067 vs $73,225,977 up 2.5 per cent.

First National Stoves Inc. year ended March 31, earned 83-89 a. share vs $4.97 in preceding 12 nmnths.

Canadian Governmem; Msy 31 mop Iepcu-t gives 1013.11 wheat con- d1t1on88percen-t.vs45 percent n year ago. Spring wheat 97 vs '19. All wheat 97 vs 78. Oats 94 vs 85. Barley 95 vs 83. Fall rye 99 Vs 59. Springrye97vs57. Allrye99 vs

63. Moodys investors service com-

modity price index Iuiday was

158.1 vs 158.4 on Thursday. High Low Last Up 30 11nd . . 114.27 113.14 114.01 0.47 20 Rails 31.46 31.13 31.33 0.22 20 Uirll 21.18 20.68 20.98 0.27 40 Bonds 95.24 0.08 Dow Jones-

FLASH

Benatm McCaron who has Ploy- ed a major part in the R081)?- sllver moves, announced the call- mg of a, meeting of the Senate silver bloc to take up, not only the immediate fbdng of the Price 0f silver at $1.29 but- to formulate plans to combat rumors tlmt the Treasury contemplates chooses ill

the policy. BANON MORNING LETTER

MONTREAL, Que. June 8-41“- erican Tel extended its advance to a new high on the current ad- vance while the rest of the market moved up 511138181111’ Wm‘ mmwer contracting as prices rose. ‘I710 waning demand for shares in the current area. adds further evidence to the bearish smut/mus which the market has already brought W the surface. Probabilities favor re- sumption of the decline 1n the industrisls. All? further strength Wvhioh may occur should be 11¢- ccpted as an OPPVYW-“lw m‘ sen‘ m; Q0111 simres moved in a nar- row rafl8¢- The" was n°uflng m the aimless fluctuations reovlded

the golds to indicate that this

V1510“ 1s 1n a position to resume‘ its uptrend in the immediate

mtue‘ Bunch.

BAKING LETTER Friday Evening

NEW YORK. N. Y.. June 7- Wheat and corn sold off and W9 would still leave them alone. De- cember comm sold above 114.40 but closed about 12 points 10W" than yesterday. Better set Wt °" any little bulge. The industrial aver-uses. while they went a little louver than ves- terday, foiled to so new 111 W“ most of my individual recommend- ations reached the bllylfl! 31011195 given m my last two letters. These mum, 51,111 hold good, though I doubt that they will be reached ex- cept in q. few instances. Phillip Morris did not sell near 4'1, closing wt 4-8 5-8. All excel” those sirbscriberrs who only’ Came in chm week should be long 3 to 12 points lower down and it is posibie that their action from

eoi-Zbofla-Hsallitissoinsw get. New subscribers not already " B.

purchase. Chrysler. which I 881d 00 b!!! ill-St below 44. _ closing at 44 1H- u buy neu- 44 for 10 points. , which I eeid could still be sold exactly at. 63 ' a purchase there.

tissue E t‘

cosszp

beheltitmemilehavcbeerzdend lndfstillthink that NlckelPlatepfdJlrect Northern

pfd,NorthernPuci.fie,flerreMnr,- quettepifdandplwfiblg “ Pooificu-mtheonlyones worth

while bothering with, though Union Pacific will also do better i! the

Bering.

MONTREAL EXCHANGE

(C. P. By Guardian's Special Wire)

MONTREAL, June 9 — Gains ranging from fractions to four points were chalked up Saturday when the bulls took over the helm of the Montreal Stock Exchange and steered the market steadily upward.

A notably improved demand for utility shares was in. evidence and traders attributed this to the ro- bust. recovery enjoyed by the shares from this group on Wail Street. l

Consolidated Mining and Smelt. lng led the parade to higher levels here yesterday with o. gain of four points, closing at 173 1-2 sfter be-

- lug on the downturn all last week.

Several weeks ago the issue at. tructed considerable attention by lumping as high as 1B4.

Another prominent issue was Canadian Bronzewhlch advanced two points to 29 while Steel of Canada. moved up 3-4 to 48 l-2. Montreal Power was traded heav- ily and closed with a gain of 1-4 at 29.

losses of 1-8 were recorded by Dominion Steel and Coal at 4 3-8 and Bruck Silk at 1s 1-2. Domin- ion Coal Preferred dropped three points to 127.

Total sales were 7,094,

(Canadian Press)

WINNIPEG, muuc 9-41 hesitant wheat market failed to follow the display of strength Chicago offer- ecLSaturdsy and the major corn. modity ended only 1-8 cent higher at 83 1-2 for July on the Winnipeg Grain Exchange.

Aside from a. little ‘flurry c! qr- ferings in the closing stages, trad- lng was dull.

Liverpool market was closed for WhitSuntide holiday, thus re. strictlng oversees news and ex- Dort interest. There was no pres- sure to sell but at levels about 1-4 cent and offerings outwelghted the meagre support. '

Cash grains spreads improved fractionaily and coarse grains futures were generally flrn)

bonds

Miscellaneous

(Casudim Press) MONTREAL, Junie 9-- Wheat, nor no 2 87. Barley, C W no 3 49 Oats, C W no 2 51. Oats, C W no 3 46. Oats, feed no 1 43-

Flcim spring wheat; patents, firsts $5.10.

Flour seconds $4 35.

Flour bakers $4.60.

Flour, winter wheat patents,

0110106 $3.70 to 3.80. Flour white corn $5.50 to $5.60. Bran ton 25.25 to 26.25. Shorts ton 26.25 10 27.25. Middlings ton 28.25 to 29.25. Rolled oats bag 90 lbs 3.05. Hay no 2 per ton Cheese 9 3-4 to Butter no 1 20 1 Eggs A large 21 Eggs A medium Eggs A latge 18 1-2 t0 Eggs C 17 to l7 l-2.

5 gotutoes North Car bbls 5.00 t0 Virginia bbl's 5 00 to 5 25. New Zrrmurla 50's 1.50 to 1.60. QUE 80's 35 to 41. N. B. 80's 42-45. P. E- I. 80's 45-48.

EXCljéNGE

(Canadian Press)

Closing exchange rates:-

At Montreal-Pound 4 92 7-8; U. S. dollar 1.00 l-tl; franc 6 63.

At Now Ycrk—Pound 4 92 Canadian dollar 99 7-8: franc

At Pill‘lS——Cl(‘S(‘(l

In gold-Pound 12s: U. S. dol- lar 59.23 cents; Canadian dollar 59 21 cents

(Canadian Press)

NEW YORK, Juno il-Fcreign exchange cosy. Great Britain high 4 02 1-4; 10w 4 B1 5-8; close 4 92 l-4: 60 day bills 4 90 1-4; France 6 62 l-4: Italy 827 1-2: Belgium 16.99: Germany 40.50; Canada. 99 7-8.

HIS TURN NEXT

.4;

l 662

A widower, confronted with the task of looking over the belongings of his departed wife, decided that the only thing he would preserve was a hat which he had always ad- mired, and in which she had slways looked "so sweet." It was placed carefully on a. shelf, and not dis- turbed until discovered by wife number two, who inquired about it.

and was told that it was preserved

in memory of the first wife.

Alter a time his second wife was gathered to her fathers, and again the bereaved man selected one oi’ her hats in which she, like the first, had always locked "so sweet." This was placed beside the first hat.

'I‘irne healed the second wound. and u third wife was introduced to his household. She. too, was inqui- sitive when she found the millinery and asked questions‘. The husband explained that the hats had belong- ed to her predecessors, and were Rent as mementoes.

"That's all rlgh ," she replied, "but. the next hot the goes up there is

coin: to by n bowler."

$TRONG

'protccted by soundly The Eastern Trust

" N these times, with the financial world um settled and values changing 0'0 frcquentlyJ the administration of fund: and securities