4i in: l!

Illillll’

..l'|Il|l,

==s

“:l?f.yn]fio?r' gpgaoryfidgg? olbenrdhtaslgleivxbluggryliwllold ibilgstlte sbex." -—~1.£¥1l1"vQ12l919ll-_ zs-—':——— ‘i ‘ISLAND TELEPHONE CO., LTD. 6% FIRST MORTGAGE BONDS MATUIIING SEPT. 1st, 1943 T0 YIELD 4%

F. J. BRENNAN & COMPANY LTD.

E. M. BAGNALL-MANAGER. Bank of Nova Scotia Building

Charlottetown

2e per word; Classified 2c per word; In clural and Spiritual Offerings,

A i ti n, 70c pcr inch or 4o t; 21°51: pbr inch. Other rates Minimum charge for any nuvcn

___ Fsriais __,

h... some ._ 1, r n. r. ELECTRIC 1110101’, 1 mixer. i izrluder- 38 Elm Ave, L-260-1-21-31.

"ronrssiiir: AT . Eectric light plant. Bentty Pump and cylinder. Aim y B- 0- Web- s.er__M1i_tou. L_-_281-1-23-3i.

T -4- i

l-‘Olt SALE—4 DRIVING SLEIGIIS in goocbcondiéitgig} Apply Parqu-

- ~ e. lisrson very L_‘393:1:24l31‘

Fsmaigllrlilflaggigl:

WANTED EXPERIENCED MAID for general house work. Apply

Mrs. Frank Hogan, Rocky Point. _P. E, 1._ __ _ Lzm-L-Ztf-l-

\VAN'IlED—CAPABLE WOMAN T0 help with housework. Good wages, "A3 Guardian. L-276-1-23-3l-

____,________

W/ilNIgID E- ligltltSl-IKEEPEB. AP- ‘ 1C5.

M u“ “m L-252-1-2l-24-26.

“Km” " W‘? l°"m°""i’i‘§5‘¥ houscwor . pt) Y 3 IPrincc. __ L-297-l-24-6l.

Male Help Wanted |=~__—:—mm-i—:::r .2 _: APPRENTICE WANTED TO

learn Barber Trade short Course expert training. Molar Burl?" College. Halifax. N- -

$0 O6 §§¥Q§4+¥§-&Q#—9-O++O§-§§—

STORE T0 LET

Store on Queen St. lately occupied by R. P. Simpson first class stand near mar- ket. Immediate possession. Apply at office of .

T. B. & D. J. RILEY, 49 Queen Street

Professional Bards

o. r. Anoiiiiiiiio I

Chartered Accountant 140 Richmond Street Phone 47. P. 0. Box 12

MCLEOD 8i BENTLEY W. E. BENTLEY. ILC. J. A. BENTLEY. ILC. C. F. BENTLEY. LLB. Barristers and Attorney-st-Low

MONEY T0 LOAN 1B0 Richmond Street

j: ':_= MocGUlGAN 8i TRAINOR MARK IL MMGUIGAN. ILC. C. ST. CLAIR TRAINQB. B.A. "mint-n. Solicitors. rm. MONEY T0 LOAN Office: Over Provincial Bank. Jlrhmond Street. Charlottetown

V. mun: a. l-IASLAM

Bonk B! N 0 Se t cit-blind l

P ill aONEY T0 i

OAN IEO. Box I27

CUTCLIFFE l, ANDREWQ FUNERAL DIRECTOR!

I 5ND EMIALMIBB "It" River and Bradalhsne

ti. F. McPl-IEE, t. A, K. c. "i NOTARY. u. lwlllfll. soucnon RL> C _ nu. r. intuition

mmmllgm so man v. s t... Ilnhten and lolieltors

Piion

Advertising Rates-Payable in Advance

Minimum Charge for Any Advertisement 25 Cents.

‘entrsl Guardian locals. 4o per word; Western and Eastern local: b Announcements and Coming Events 2c per word; Memorinm Notices. 70c per inch; Lists of Cards etc., 4c per name: Letters of Condolence 70c per inch. Wedding engagement 40 words for $1, and l0 cents for every additional

words. Notices of Thanks and per word. Lists of Qubscriptions on application. ‘ emeut twenty-live cents.

Wanted

wound)”: TWO~ noofisfianp board for coupe with small child. _Phone_625. L-Zfil-l-Zl-Iii.

WANTED QUICK - 4 TONS dressed poultry. Have advanced my price on all grades below

M. F. . W. P. Smith 8t Son, _ Stanley Bridge. W" L-253-1-21-3i.

Agents Wanted ___

AMBITIOUS MEN! WE WlSlI T0 contact you for stead employ- ment, good pay, in ependence. Everybody buys our 200 guaran- teed products. Higher Lower prices. No expsriencg nee - ed_ Your success makes ours. so we help you. Bl‘: continuous repeat sacs and profits. No risk. Free catalogue and detalis. Fnmiiex Co., 570 St. Clement, Montlrleiai.“

Stock Prices Topple Under Heavy Selling

‘ MONTREAL, Jan. 23 —-(CP)— Selling order flooded the stock market today, carrying prices one ‘to six points lower.

Heavy pressure, said by brokers > to have been induced by a gloomy international picture. battered the list throughout, inflicting damage on all sections. Montreal Power. the sole advancing issue, held a gain of 1-8 point at 30 1-4.

The maximum loss was shown by St. Lawrence paper preferred, off 51X points to 34. Drops of n. point or more sppnered in St. mwrence Corporation preferred, Howard Smith and Price Brothers. Other papers. along with the oils, declined froctionally.

Losses of 3 l-2 points each cropped up in Nickel at 49 and

and Hudson Ba Mining slipped more than a po t each. Holllnizer lost o. fraction, as did C. P. B... Dosco. Building Products, Canada Cement and Brazilian.

Behind one to more than three points were Dominion Bridge, Steel of Canada, the preferred, Canadian Car, the preferred, showinigim and Notional Steel

Car. Total sales: 134,200 shares: in-

dustrlals. 45,700; mines, 88,500. Bonds, $4.400. I Gram

WINNTEG, Jan. 23 —(CP)-— Late selling, reflecting stock mar- ket declines and easier rices at Ohlcnao vrfl-wd out of o sci-is Bflins mode on Winnipeg wheat futures market today. Closing quotations were 1-8-1-4 cent high- er, with May at 62 1-2, 63 1-3 811d Oct. 63 3-8-1-2 cents.

Liverpool registered gains of 3-4d-7-8d 1n firm trading influen- ced by the unsettled European political situation.

llo You » flood Money $50 - $500 ‘l

lend money to pa, bil to

lldbfilflltl, u; crumb.” any useful purpose,

No embarraui . time to borrow‘: oguecd- doroerl.

census rmmcr . EASTERN tmnro

Phillip’! Building C lton Street

conciliation. r. s. r. I40! for Cor-tldeutlsl Slln

_ Stocks

Noranda at 75 l-Z While Smelters "E1 3°

E hanoe xc J (Canadian Press) 51mg; Close Harvester 53 7-8 Int Tel Tel 8 1-2 eoott 36 1-4 Mont Ward 44 1-4 Murray Corp 7 1-8 N Y Central 17 1-2 Naitl Cash BM! 21 3-4 New York N H 1 l-B Nor Am Co 3 NorkPocific l: 1-6 Paramount l0 7-8 Penn R R. 20 Phil Morris 91 l-2 Phil Pet Co 3B 5-8 Pub Seo- N J 33 Pure Oil Co 9 3-8 1o K O 2 1-4 Sears Roe Co 691-4 South Pacino l6 3-8 Std Oil N J 46 5-8 Stude Corp 7 1-8 Texas Corp 44 United Air 34 1-4 United Corp 3 United Drug 5 United Gas BUD 11 3-4 U 5 Rubber 42 l-4 U S St Co 58 Am For Pr 3 Am Radiator 14 3-4 Am Tel Tel 152 . Am Waiter 12 3-4 Anaconda. 27 3-4 Aitchlson 33 5-8 All Relin 21 5-8 Bolt Ohio 5 l-2 Baldwin L000 13 3-8 Bendix Av 23 3-3 h Ste 63 3-9 Cfhes Ohio 32 1-2 Chrysler '11 1.2 Con O11 8 5-8 Commonwealth So 1 3-4 Corn Can 39 1-4 Con Edison 30 1-4 (‘o1 Gas Co 7 Corn Products e3 Curt Wright, A 22 7-8 Dunrnt 142 1-2 FYI-cc Auto Lite __ Elec Pr Lite 10 5-8 Gen Elcc 3a 5-3 Gen Foods 38 5-8 Gen Motors 43 3-4 Goodrich 201-2 Goodyear Tire 30 1- Goodvear Tire 30 1-2 Git Nor Pfd 24 "udvn Mot O61‘ 7 I-8 U S Ind Al 20 1-2 Vanadium 25 Warner Bros 5 3-8 West Union 2i West Air Bmke 26 3-8 West Else 104 Woolworth 49

i-Monireal Curb

(Canadian Press)

Abttlbi Com Alblitllbl Pfd

Melcihers A Price Com ' Price Pfd

New York Curb

(Canadian Press)

Stocks Close Am Cyan B 23 3-4 Gas Elec 33 1-8 Super Power 3- Brovm Co Pfd 16 1-2 Brown Rubber 4 9-4

Marconi 1

Cities Service 7 Creole Petrol 22 1-4 nd Share 10 3-3

Crulf Oil C0117 38 H 1c 86 I-2 Iricldheed Air 28 5-8 Niag Hudson 8 1-9 rpm on s 7-8

Gov —

Lone Star Gas —

O Currenczes

MONTREAL. Jim. 23 —-(OP)— Pound Sterling strengthened 1-4 of o cent on Montreal foreign ax- changes too by Pound Sterling at $4.70 13- 6 while the United states dollar was up 1-33 at 11- 16 prunium. French francs finn- ed sllghtly to 3.66 cents.

NEW YORK. Jan. 33 -(AP)-- The Dutch guiidsr dropped 181-2 points to 54.09 todadv in terms of the United States ollsr inhsovy trans-Atlantic movement of funds to this countfy.

Reputed activity of the British control. however, kept the Pound Sterling and French franc relatively steady. The Poundclos- ed 3-8 cent higher at 4.67 5-8 but the franc eased off after early strength, closing .00 3-16 cent‘ lower at 2.64 l-8.

The belga was up .00 1-2 of s cent and the Swiss franc down .01 cent while the Canadian dol- lar was unchanged at s discount of 11-16 per cent.

MARKETS Al‘ A GLANCE

(By The Canadian Press) Toronto and Montreal -Siocks closed lower New York -Stocks lower Winnipeg —Whest l-s to _1-4 cent higher New York -Cotton. coffee and rubber lower; sugsr irregular. ._..%___

FINANCE

NEW YORK, Jan. 28 —-fAP)— Poreign exchange: Great Britain demand 4.67 3-4. 4.07 1-2. 4.67 s-a; 60-day bills 4.0a iii-is: de- mand: Canada .99 5-16: France ral-lizzmrmsny 40.08 1-2: Italy

__.___.__._- TOTUB RECORD PROFIT Iblfflt -(

30-6,“ 9.99-1.09 ' '

t

Oitlcs lIoors-fl Bah-rd!!!

cm- Record pro- fltswaosmsdg the Tote i 1933 with “betting excldeding “it.”

fir? airmail’ 7812'” in»

Exchange

(Canadian Press)

Stocks Close Bell Te! 109 n 8 Silk 4 B C Power A 22 3-4 BldR Products 15 3-4 Con Cement. 8 1-2 Cari Nor Pr 16 Con Oar Found 14 8-4 Can Car Pfd 31 l-2 Con Pacific 5 Can p 2 1-4 Celanese 12 3-4 Cock Plow 7 Cons Smelt 53 Sean -- Dom Coal Pfd l6 1-2 Bridge 31 1-4 Dom Steel B 9 7-8 Dom ‘Pextiie 57 Drvden 5 Foundaition Co 10 Gen Steel Warm 6 3-4 Gypsum 5 Bow Smith l0 3’-4 D Tob 15 7-8 Int Nickel 49 Int Power Pfd 76 Lake cf Woods 15 1-2 Massey Harris 5 1-2 McColl Front 6 3-8 Mtl Power 30 1-; Nat Brew 41 3-4 ‘ No/t Steel Car 54 3-4 Norenda '76 Power Corp 11 1-2 Quebec Power 17 Shswinlgen 20 1-2 Sou Can Pow — St Law Com 3 3-4 St Low Pfd 12 1-2 Steel of Cari '73 Steel of (‘an Pfd 72 Win Eleo A 175 Win Elec B 185 (Canadian Press) Stocks Close Canada. - Commerce 172 Mclntreal 214 Nova Scotio. 300 Royal Bk 189 1-2 t Lzvestock/ MONTREAL, Jan. 23 —(CP)— Receipts today on Montreal live- stock markets were: Cattle 666,

calves 839, sheep 394, hogs 569.

There was a very light offering of all kinds of live stock. Cattle and hogs were 25 to g0 cents higher. Calves were stea y to 25 cents up. Lamb prices were un- changed.

Good steers were mostly $7 to

-2 l $5.50.

$7.25 with an odd small sale at $7.50. Medium steers made from

selling up to $5.50. were mostly $5 to $5.25, odd top Medium quality butcher [cows were mostly from $4 to $4.-

50 and common $3.25 to $3.75. Canners and cutters were from

$2.50 to $3.25. Good bulls made

from $5 to $5.50, common from s4 m $4.15.

Calves were steady to 25 cents higher quality considered. ‘There were no tops. Medium quality veals brought $10 with fair to medium kinds in mixed lots at $9 to $9.50 and common light- vesls down to $8. Drinkers ranged from $5.50 to $7. Grassers were $4.50 to $5.25 with the bulk at $4.50.

A few good ewes and wethers made $8.50. The balance of the lambs were practically all bucks and were mostly $7 with an odd sale up to $7.50 Sheep ranged from $2.50 to $4.50 with the bulk st $4.50.

Hogs were 50 cents higher. Bac- ons were $9.50 fed and watered. selects drew $1 per hog premium. Butchers were $9, hesvies $8.50 to :0 and extra heavies at $8.50 to $9.25. Light hogs were $9. Sows were from $7.50 to $8.50. Hogs sold on rail grade brought $13 cold weight.

Produce Prices

MONTREAL. Jan. 23 -—(CP)— Butter prices finned frsctionslly in quiet trading section of the modlty exchange

Canadian com-

ohter offerings remained standstill. Butter spot: Que. (92 score) 22

5-8-7-8; Que. (38 score) 31 7-9a;

Que. (02 score) buyers’ inspection not returnable at 33 1-3.

Cheese t: Unquoted. : Butter and cheese

22 7-89;

liieb. 22 3-4a; March 3 . MCNTREAL, Jan. 23 --(CP)—- Butter and cheese prices were steady to firm on open uce markets here today while eggs remained unsettled. the Domln on Department of Agriculture

ported.

‘Creamery butter prints to rs- tsilers sold for 34-24 1-2 cents s

uhd and solids for 39 l-2-24.

cistern butter was unquotied. Que. No. l pasteurized butter in whole- sale Jobbing lots was 23 3-4-7-8 for regroded.

Ont. white and colored cheese sold for 12 1-8 cents a und.

Graded egg shipmcri in used free cases were offered at 24 cents s dozen for A-lsrile. 21 I01‘ A-iflfll- lum and 20 for A-pullets. I

Potatoes: N. B. No. 1 90's 1.05- l.10; N0. l nits 50's 70-72; P. E. I. N0. 1 mts 90's 1.30-1.35: P. E. I. N0. 1 whites 90's 1.25-1.80.

DUCKS LOSERS S.—(CP)—Hnl1'Y

. N.

for a scarecrow and yesr

unquoted. Butter futures: Jan.

2'8"

Soon the crows and plgeo ed of the free meal and now th-y infest his “tsble"-and the ducks come off a poor third in the daily rations.

ESCAPE INJURY HALIFAX, --(CPi-7‘hree mem-

bers of the cost of the Innd‘n Repertory Comnsnv narrowly ‘s-

l

today whue mos; attack of nerves resulting, M 9, igydkfrmn the cloudier foreign out-

Que. (a1 score)‘ a1 8-8s. Sales: 100 were quick to

p -- “For mARvQrr-LTQWN QIZABPYA"

STOCK QUOTATIONS ‘THE BANK 0F I

N. Y. Stock MontrealSlock

107th Annual StatementI As At December 31,' 1938.

An increase of over $10,000,000 1n dc its, ll‘) Ill-time year-end 1118b iirure for total assets and “minke approximately the some as for the year cvious feature the Annual Sta. ent of The Bank of Nova Sootiii, which is published today. 1

Deposits st 05331454 are now at the highest year-end fig~'

ur in the h f th bank. Ngn-interest odepozits‘ gay.‘ o .

the public show an increase . 468.676, interest-bearing are up mums. Deposits by and bal- ances due to the Dominion Gov- ernment sre $308,699 higher irhsn last year. Current coin, legals, not/es of and deposits with the Bank of Canada, notes of other

ll. F. PATTERSON General Manager

b91135 5nd fomllnficuitrenqes- total 533.010.3443. which Ls 12 per cent of

wtal liabilities to the public, practically unchanged from last Year. Readily available assets are $191,361,693, which works cut. at, 70 r cent oi’ liabilities to the

These percenfosfl indicate the 5170113 working capital position of the bank, a feature of its state- ment for many years.

Investments in Dominion and Provincial securities. municipal, railway and other bonds and se- curities, ail shown at not exceed- ing market- value. are $127,(D2,096, an increase of $6,408,057.

Call loans st $9,405,382 compare Willi $10,712398-—down $1,262.0Cfi, d -: a result of the decreased activity in the stock and bond market. Current loans in Canada It 8906714193 show an increase of $8,409,909. Current loans and dis- counts elsewhere than in Canada are down 91.172548 at 914.971.8011, while loans to Provincial Govem- menlfi. cities, towns, municipalities and school districts show an in- crease of $977,948,

The total assets of the bank st $309,305,815 are up 89.826113,

Profits, after making provision for Dominion and Pflnrincial taxes of $535.80? and after making ap- Pfobrlations to contingent ac- counts, out of which full provision for bod and doubtful debts has

W! war Dividends in the oneount

Premises. Undivlded profits were increased on the year's operation from $915.56 to $1,031,228.

It is of interest to note that this is the 107th Annual State- ment of the Bank. The Annual Mews" will be held in Halifax on the 25th instant.

Sharp "Break" In Prices On New York Mart

BY FREDERICK GARDNER Associated Press Financial Writer YORK, Jan. 23 —-(AP)——

NEW on u“, produc, {Stock market prices crumbled to-

day as Wall Street suffered a new primar-

Steels and motors fell

idl st the rap y

start and other groups follow. Lenders closed with losses of one to 51x points generally, around the lows of the day. A few were off eight to 10 on relatively snail turnovers. Gamma-snug “Press average oi’

8 s ropp 2.1 points to 48.8. the widest break in this com- posite since Sept. l3, last.

The Canadian Department fol- lowed tho general market with several sharp breaks. Domc drop- ped 1 l-il points to 31 7-8. Inter- ‘nstionol Nickel 3 l-9 to 49, Mc- Intyre 3 to 51 1-2 and Walkers 3 to 44 l-I. Canadian Car slipped 2 points to 31, Ford one point to 31 8-8 while Distillers Sesgram, Dominion Stores, Brazilian, Hal. Oil, Lake Shore

linger. Imperial an M Harris s11 registered fractional ones.

Prominent losers in the domes- tic list included ersnll-Rond at 100. off i0 00in ; llied Chemi- csl S. off oi ht: Bethlehem

teel 8-4. off 1- J. I. Cass 00 M. off 0 1-2: U, s. Steel so. off 4 8-8: Johns- ville oa l-2,

off d; DUDOHB I43 I-2. 0M 6 l-2; Qhfysler 71 1-2 ,ofif 9 0-8: Mont- gomery Ward 44 3-3, off 9 7-9 and Santa P as 6-8. off a 5-3.

UNDATED MONEY BOX

Closing exchanlo rates

At Montreal —Pound 4.70 13- 5g: U. S. dlr 1.00 11-16; ironcl-

At New York --Pound 4.67 5-8: Cc-isdian dlr .99 5-16; franc 2.64

1-8.-

- At Paris —Pound 170.99 fr; U.

a ‘dlr 37.95 fr; Canadian dlr 37.- r

In Gold —Pound 11s, 5d: U. s. dlr 59.44 cents: Canadian dlr 59.- 03 cents.

A weight attached to the

_ drop our PM s‘r""" the

concreie wall.

pub c, also unchanged from 1997. :

01' $1,440,000 were paid to EhBN-,

holders. Officers’ Pension Fund was credited with ciainm whip; $35000" was written off Bonk‘

l i

l

l

i

107th Annual Statement

The Bank of Nova Scotia

clplill Plid Up Reserve Fund ‘1290001000 $24,000,000 " PROFIT AND IDSS

Balance December 81st, 1937 . . . . . . . . . . . . . . . . . . . . . . . . . 915,456.88 Net profits for the gear " Dscembe 31st, 1938, after Dominion and l

Provin taxes 535,878, 10 and after making op ro riations to Con- ’

tingent Accounts out of which accounts full provision ¥or god and Doubtful

De ts has been made . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,980,769.91

Dividends Nos. 273, 274, 275 and 276 st 3% per quarter . . . . . ; . Contribution to Officers‘ Pension Fund . . . . . . . . . . . . . . . . . .

Written 0B‘ Bank Premises. . . .

Balance carried forward Decembe 31st, 1938 . . . . . . . . . . . . . . . . .

GENERAL STATEMENT AS AT DECEDIBEII 31st, 1938

_ LIABILITIES Capitol paid up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 12,000,000.00 Reserve fund . . . . . . . . . . . . . .._ . . . . . .. .. 2 000,000.00 Dividends declared and unpaid . . . . . . . . . . . . . . . . . _ 860,976.05 Balance of profits, as per profit and loss account . . . . . . . . . . . 1,021,226.79 i _ _ ——-i—-——-$ $7,382,202.85 , Notes in circulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 8,674,539.70 ‘DCEOEICI by and balances due to Dominion overnment . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 675,191.34 Deposits by and balances due to provincial governments . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,146,511.54 Deposits by the public not bearing interest. . 69,237,864.81 De "ts by the public bearin interest, in- c uding interest accrued to ate of state- ment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181,231,486.43 253,291,054.12 $261,965,593.82 De osits by and balances due to other chartered banks in nnada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,194,164.09 Deposits by and balances clue to banks and banking corre- s ondents in the United Kingdom and foreign countries. . 2,303,206.86 Bill: payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,732.49 , $2ee,51s,s97.20, Acce tarices and letters of credit outstanding . . . . . . . . . . . . . . . . . . 095,261.83_ Liab 'ties to the public not included under the foregoing heads . . . . . . . . . . . . 314,653.30