AUGUST 8. 1_9_§_5__ I ~

FL")?

CHARLOTTETOWN M GUARDIAN

Mt ’l. S to ck Exchange

(Quotations furnished bymflolrfiagr‘)

be :15‘: 111:: melgxchringc, Mantra: c“), Market. 156 Richmond Street Charlottetown!- ...-_- . th t Ai- 6% 6% 2211231 . 130 130 B“, T L, Pow 8 7% Bruck Slk 16 16 Build P.0d 30 30 gm Car Com 7V1 7V1 can c“ pfd , 14% Can Cel pfd 11373 icgn Cem com 6% Can Gem aid 55 can Hydro E13." 49 49 Call Ind A1 A 9 9 Can Ind Al I: .. 7% 7% can Pac .. 9'4. 9% cock Plow . 8 8% cons Smelt .. . 169 139 Dom Bridge . . zall 29 Dom coal Pfd .. 17% 17% Dom Steel Cnal B 4'1 4% Holl Gold Minir- 1:255 1360 mu Nickel 28% 28v. Magsey Harm 4% 4 Mpcoll Front - . 13 1Z9’- Mont Pow 31% 311i. Natl Brew . . 36 35%. Nat Sltel Car 161.. 161i. Power Corp 8 8% Quebec Pow ... .. 15 15% st Law Corp 411 4% Bilcwlnlgan . 161i 17% Sherwin W11 . 11's 111‘: South Can Pow 11% 11% Win Elec .. 1"l 150 Bllfflfifii Commerce . . Montreal . .. I86 Nova Scotin -- .. _. Rhyal . . . Rink of Canada . 68

iii‘

M T’L. CURB

(By Johnston and Wlrd'a Special Wire)

MORNING Muixm- LETTER.

NEW YORK, N. Y.. Aug. 7- The favorable dividend notes from General Motors provided the background for a firm to strong opening yesterday with prices holding well the first hour. The supply was too heavy to make further progress on the upside, however, and a mild reaction de- veloped around noon. The recov- ery in the early afternoon was dull. on the other hand not much increase in volume occurred dur- ing the late sell 01f. General Mot- ors closed a half point above its opening of 40% and Chrysler also closed higher. These with the metals were about the only strong spots in the list. Some Selling de- veloped in the oils following the reduction in the Socony Vacuum dividend and moderate selling put Union Pacific 4% _1ower on the day. The good General Motors news was of the type that could bring the market out of its trad- ing range. The fact that it did not, it seems to us, is further cvl- dence that the supply overhead for the time being is too large to be absorbed without a correction of the market's technical position.

Laidlaw and Co.

S UMMARY

NEW YORK, N. Y., Aug. '!— Gold bars in London 140s 5d ag- ainst 140s 956d Tuesday. "Iron Age" says steel pmduction has risen to 47 per cent of capacity up 1 point over a week ago

Archer Daniels Midland Co. de- clared a special -dividend of 25 cents same as in previous four quarters. Ohio Oil Co and subs in six months ended June 30 net profit equal to i0 cents a common share in like 1934 period.

American Petroleum Institute estimates gasoline stocks in week

rels, 111016856‘ of 100,000 over previous week.

Timken Roller Bearing Co. and subs in six months ended June 3O net profit equal to $187 a share against $1 07 in like 1934 period. Declares an extra dividend of 50 cents and-regular quarterly of 25 cents.

United States Electric power output in week o1 Aug. 3rd was up 9 9-10 percent against 9 3-10 percent in previous week.

Dow Jones

barrels

BANON SAYS

MONTREAL, Que, Aug. '!— Favorable news on General Mot-

gmgg Opened Last Assoc Brew .. .. 12% 12% Beauharllols 3% 3% Brew Corp pid 18% 18% Brit Amer Oil 16% 16% Can Mat . 33% 330i Champ Oil pld 6% Con Paper 30 Dss 8mg 33 Dom Stores 7% Ford of Can A 2B Grcen Stnbell 22% Imp Oil .. . 10 Imp Tob ... 14 Intl Pet .. 34% 34% Mclcllcrs A .. 9 9 Noranda . _. . . 38 » 38 Tcck l-illlllles . .. 402 402 ‘Jalkcr Goad . . 37% 2B Walker Good pfd . 175i 17%

ors was apparently accepted as an

(‘OMBINED STANDING FIELDS AND

THRESHED GRAIN

COMPETITION. 1935

Cash Prizes for Fields of Oats, Wheat and Barley RULES AND REGULATIONS

BAIILEY three acres. each additional entry of Grain.

PP?!“

than August 17th, 1935.

ELIGIBILITY OF The field o1’ Oats entered for inspection must be seeded with Registered

A Held of OATS shall consist of at. least five acres, of WHEAT and An entry fee of $1.00 shall be charged for the first and Fifty vents for

The entry fee shall accompany the application. Entries should be made to the Department of Agriculture not later

SEED

Oats or with seed from fields that have been sown with Registered

Seed and inlpected and approved

14-8897-8-6-8-10.

while grwlng. W. R. SHAW. Deputy Minister of Agriculture.

‘I Advertising liates-Jayahls in Advance

Central Guardian locale, 4c per Iorlll Vie-tern and Eastern lords, lo par Ivor-lg Announcements 1nd Coming Ivnnte lo. prr word; Cinulded to. per word: In llelnoriun Nutluen, 10o. per inch; Llltl n! Flor-l and Spiritual Offerings, Cards. ole , 4o per nnrnrl latter: 0| Condulrnre 70o.

nor Innhl Nntlcea of uord. Other rate: on application.

end Appreclnt on. 10o. on lnob or 4e. pd

llullmum Charge for‘ any advertisement twenty-flu centn.

llATEl-So per word, three inner- tinnn for the price of two, strictly pnynhla In advance.

To Let

T0 LET-NEWLY DIICORATED apartment. P. J. MacDonald. L-8582-tf

‘l0 LET — DESIRABLE RESID- eni-‘e in 300d locality. Phone 603d. L-B884-B-6-3l.

TO LET -- DESIRABLE HOUSE in good locality. (kntral. Office in connection. Write J. M. B.

0111's Guardian. L-8950-8-8-3l. Miscellanea» _

D I. an casuroa coon no r '32 sedan or coach. Particulars to Box XYZ Guardian. 1.41890

suous-r caeaasucs SALE on bass-re. a. L. Hardy s. Co.

[r8935

WIIY N01." TAKE ADVANTAGE A; tlhe much larger incoms secur- y . . .

l - "null-y in the Bun Life. Costs you nothing to investigate. 50s

- A~ . Curri ding, JhlrlOtlAMI: e Bug-MM

.=__'klv_lls_eted

M" on woman m rasvcr. for old established house. Yearly ‘sigma? (m. wvsvsgly

< 081201888. $9 "lull-m on. Dept. w. Toronto. u-sszs-s-r-ls-al.

"- Ilium‘: m ...“...

For Sale

WIRE NOSE GUARDS. RETAIL and wholesale. S. L. Hardy d: Co. _____ 15-8939

ron sans: Qcllsvuohsr six “car. Apply Guardian. L-8943-8-8—3i.

I-‘Olt SALE — SEVEN ROOM COT- tage with bath and garage. Apply 172 Sydney Street. L-8928-8-7-3i.

FOB SALE-NINE TUB AJES- tic. mantle modal radio $20.00. Apply Guardian. L-8900

FOR SALE-IMO PLYMOUTH Coupe in 1st class running condi- tion. Cheap for cash. ApPly Guar- dian. L-8055-2l

FOB BALE - HEAVY JEOWN Paper Sllliilbig for placing under rugs, (We. nun-dis Offload.” u

ended Aug. 3 at 411257.000 bar-

"STOICKQUOTA TIO

MARKET ciossu»

opportunity for taking profit; yesterday. Fairly heavy offering; 'appeared but the market did not yield a 819st deal of ground and in general did not react the bull- ish indications recently recorded.

further advance still remains a strong probability. General Motors and DuPont

moved up in the face of genera) selling pressure. Purchases o; these two issues at the market should prove profitable. Our utii. ity favorites, Elec Band and Share, Cons. Gas, North Ameri.

yesterday without

prospects for higher further irregularity contlnug to pick up these issues. Distillers Seagrams recommended lower down was in heavy demandyes- terday and gave every indication

altering their prices. On

medlately, moderate here should prove

number of the secondary gold shares recorded some marked strentgh yesterday. On the whole, however, action of the gold shares does not yet suggest that

profitable. A

to be sustained. Banon.

* BAKING LETTER. Tuesday Evening

NEW YORK, N. Y.. Aug 6_. Wheat closed 1% cents lower and Sept. Corn sold below 76. where I said it could be bought bug 11 you did. hold it. but don't risk over 1% cents. Dec. Cotton closed a. few points higher. If you bought it at 11 20, keep long. but don't get scared if it should go to albout 10 95, where you can buy a litte more, but. don't plunge, as I warned you before.

The industrial averages came close to last week's nigh, the“ 501d Off 2 points. A few individual issues made new highs, such a; General Motors and DuPont. but on the other hand. Union Pacific broke nearly '1 Points aha the other former leaders, such as Air Reduction, Am. Can. Johns Man. ville, Harvester, Stand Oil of New Jersey, Union Carbide, west. inshouse. U. s. Steel. Bethlehem Steel showed a distinct weakness. Atchison sold off ~over a point more and several others that had reacted very sharply recently 1,111. ed to show much recovery, 1 5m] feel confident that my Qflging] forecast of 127 as a top (o; the industrial averages and near 35 for the rails. will turn out correct..- After the setback, which should be very close now, another big m. vanes will follow.

Stocks recommended yesterday. such as Bohn Aluminum, General Tire and Rubber etc., have al. ready had a very big setback. 20 points more each" and they can be bought on any further dip anu will not react much. it any. below their recent lows. Amn. Power "id L181" SIX oer cent pfd will shortly resume dividends and can be bouiht 9-1 0f Jl-Lst below 35 for near 50: Amn. Tel and Tel did B0 a point above its recent top, but r still think 1t will go below 125 before rein: more than an- other point or so above present Prices. Union Carbide acts heavy and I still expect 55 for it. Wesl- mflhouse. as well as Chrysler, should react at least 5 points be. fore go.ng above their recent highs. General Motors ls not. like. 1y 1° so much higher, if shy, just now. Western Union made a new high, but during the coming get. back you ought to be able to buy it back around the level where We had taken our profits a few weeks ago. In short have a little more patience and you will get Y0!!!‘ buying opportunity.

Baring.

sultfill BUHNGUN Mnnlmul

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

MWITREAL. Aus. 7.—-Demand of a highly selciive nature continued w feature trading on the Montreal 55°“ fiche-use wdly- Volume "was higher.

Demand for one or two selected 155"“. 111811111’ those in the power division, characterized the session.

The session was featured by lleavy 5611118 0f Brazilian Traction which 811mm! down to a. new low for the W" °f 7%. Ofl’ ‘it of a point.

Ono of the outstanding firm spots w" shlwimflfln Power which moved "P ll lush as 1m before reacting to 17% where it was up 56 of a point. Montreal Power was also strong.

A sudden wavs of investment de- mand carried Associated Fsrewcries Tflgflfqj-hree nolgrshlgher to no

. . a

can, and Am. Waterworks reacted.

of resuming its upward trend im.. purchases '

_ rallies l lIl the immediate future are likelyj

1v. Y. Stockb Exchange

in

(quotation: lurnllied by Jchnltfll and Ward. Member! of H011"!!! Stacks: Exchlflll. lloutrenl Curb hlllfllll, use Richmond Street. Char- . lottetuwn.)

,_.._.. l l; Md ...144 144 i Am For Pr Pfd aav. 38% 5 Allied Chem 158% Allis Chaim 29% 1 Atl Ref . 331i Amer Can - 143% l Am Car Found 33% Am For Pow 6"? .Am Lqco _, 16h , Am Pow Light "if .Am Rad ._ 17'.- , Am Smelt all; . 43% . Am Sugar 55"? Am Tel Tel . 132'» Am Tob B .. 19° An Copper 171:4 Atchlsoll . 51% Auburn Auto 35% gBald Loco 21's l Bait Ohio 13% Barn A W: Ben Aviation 1W- Beth Steel 35% Briggs . , . . 409'- ByersAM , .. 18 15V. Burr Add Mach 18% 17% Con Oil .. .. 31 21 Can Dry Gin . . 8% 9 Can Pac- .. 10 10 Case Thresh 66 65% Col Corp . 281i: 28% Com Sou .. .. 2 2 Cong Nail-n .. 35% 3554- Ohes Ohio 46% 48 Chic North .. 2% 2% Chrysler Mot 581's 59% Columb Carb 59% 09% Col Fuel Iron 2% 2% Colum Gas E's 9% 9% 39m 5°] 19% 18% Con Gas . 30% 30% Con Oil 8% 8% Con Can .. . 88 B8 Corn Prod . 711i» 71% Del Hud 34 38V: E I Dupont 108% 108 East Kodak 147V- Elcc Auto Lite 345i Else Pow Light. .. . 4% 41m Erie .. .. . .. 9% 9% First. Natl Stores 55% 55% Fheeport Tex 25 241/» Gen Asphalt 19% 19" Gen Ele: .. 29 287's Gen Foods Gen Mot Gold Dust Goodrich Rub Goodyear Rub Graham Paige - Gt North pfd Gt West Sllg Houston Oil Hud Mot. Intl Har Intl Nickel Intl Tel Johns Man . Kelvinatov Ken Copper ILambel-t Co Lig Myers l3 -. Liquid Carb Inews Incorp

Loose Wiles B15 McKeespnrt Tin

Mack Truck ' 21% 21% Math Alkal . 29% 29% Miss Kan .. .. 3% 3% Miss Pac .. 1% 11/. Mont Ward . 32% 33

Nash Mot .. 15% 151i Natl Bis . 31% 3.1% Natl Dairy Prod .. 15% 151i: Natl Pow Light 10% 101's New Haven 5% 5V. New York Cen 20% 20

North Amer .'. 20% 20% North Pac 17% 17-1’. Pack Mot 5 5

Penn Rail .. ~ 26% 26% Pub Ser N J ... ... 40% 40% Phil Pet .. 23H 23% Pullman Co . 43 411/1 Phil Morzis 48% 435‘: Radio Keith Orph 2% 2% Radio Ccrp -. 6'6 6V.» Rep Iron Steel 1716 17

Sears Roebuck 53% 54% Safeway Slores 38"; 38% Shell Union Til 10% l1

Sim C0 . .. 13% 12

Socony Vac .. 12% 12

South Pa: 19 181;. South Rail 7% ‘iii Stand Brands 14% Stand Gas Else 6% Stand Oil Calif 35% Stand Oil N J 46% Stewart Warner 12% Studebaker . 31s Thermoid .. 5'11 Texas Co . 191i Tex Gulf Sui 341/. Tim Roll Bear - 49% Union Carb Cab 821/. 82% Union Pac 97% 97% United Air 18'!» 17% United Corp 4% 4% United Gas Imp 18% 16% U S Ind Al . . 40% 40% U S Rubber .... 14% 14% U S Smelt . 103% 103% U S Steel .. 41% 41% Van Steel . .. . 15% 15

Warner Bros Co 5% 5% Warren Bros .. 5 4y. West Unlcn 47% 469i West Elec . 62% 08

Woolworth C0 . 81% 61% Worth Pump .. 17% 17% Yellow Truck 3% 3%

ron SALE-ONE DOUBLE salvr- ed wagon newly painted. nearly B! good as new. APPly PM"!!! 5F Mqmlqq, L-8914-8-7-91.

son soul". - AUCTION roar!- Ilvo, Bridge end Whlst Sear» Carri. Guardian Central Joli "my"; Nov. l-tf

AT OIDDBYT DUI-LG “Al” Wheat Flour $335- mmd m“

m. Wh t 1.75 r hundred L, °' I if-aom-a-r-sl.

Wanted

wanna - sssau. dram!!!"

of three rooms for lllbt 1101M‘

‘keeping. wl-m "s" can Ill.

W

7mm’ l" m 511111118 the metals Con- "Wlited Muuns and Bmelting alip- ned 1x points to 10s.

Tomi u] . ma. .15“: wen 19,440 shares,

EXCHANGE

(Canadian from)

Au: v-mllml U4 ‘"913! kl nlation "1' '1" I com- ium w an an: o: o...- Ill n INDIE- WU . . Allfllll Pflllflfi I H“. Austria sclrlllng 1002.

Oaechosiovakil. crown 0418.

Ilhnoe franc .0999.

Great lrltein pound i 9859.

Holland florin .8779.

Hungary pengo .2977

Japan yen .2932.

New Zeeland pound 4Q“-

Poiand tloti .1901.

South Africa pound 4 940i

Switaeriend franc .9277.

United States dollar l-ld per cent premium.

Closing exchange totem-

At Morltreel-Pound 4.96 9-16; franc 8 09 cents; U. S. dollar 1.00 1-19.

At Paris-Pound 74 95 fr: U. 5. dollar 15.10 3-4 fr: Canadian dol- lar 15.10 fr.

In gold-Pound 12s, 1d; U S. I121 canto

Ma rk ets A t A Glance

(Canadian Press)

Toronto and Montreal-Indus- trial stocks lower.

Toronto Mines-Golds up; other groups down.

New York—Stocks slightly lower. Winnipeg-Wheat slightly high-

er. . New York-Cotton and rubber

lower; coffee higher; sugar un- changed.

Miscellaneous

(Canadian Press) MONTREAL, Aug. 7~ Wheat nor ho 2 88- Barley C W no 3 48 Oats C W no 2 53. Oats C W no 3 46. Oats feed no 1 45. Flour spring wheat

firsts $5 30. Flour seconds $4 90. Flour bakers $4.80. Flour winter wheat patents.

choice $3 30 to $8.40.

I Flour white com $5.10 to $5.30. Bran ton 21.25- Shorts ton 23 25 to 24 25. Mlddlings ton 28.25 to 30.25. Rolled oats bag 90 lbs 3.25.

patents.

to 12.50- Cheese no 1 our Ont 10 to 10 1-o. Cheese no 1 Que 9 1-2 to 9 5-8. Butter no 1 20 3-8 to’ 20 1-2. Eggs in cartons A large 38 Eggs A 1 medium 96. ‘Fqgs A large 32 Eggs .1 medium 30. Eggs B 25. Eggs C 22. Potatoes new Que 80's 40-45.

MINING

(Canadian Press)

TOR/ONTO. " A118. 7—Gold shares swung into action to re- cord gains but other groups clos- ed lower today .on the mining section of the Toronto exchange. Mediom-prloed isshes carried the volume lead as well as the gains while high-price stocks shared in the action on a minor scale. The gold group index advanced .81 to closed at 102 56 and the miscell- aneous mines index cioscd .27 lower. Volume expanded to 308.- 000 shares.

Short traders in McWatters had a tough day. On top of Tuesday's gain of 5 cents, the stock shot up 17 cents to 1 52 and closed at the top. More than 37,000 shares changed hands. Reports that the company expects to double oper- ating income by mill expansion shortly help to swell the buying volume.

Bear exploration continued the feature of the silvers. In a turn- over of 45,000 shares the stock ad- vanced 3 l-2 to 80- the high mark

-4

Hay no 2 per ton car-lots 11.00

PRODUCE

(Canadian Press)

MONTREAL. Aug 7—~Fractional advanoes in cheese prices featur- ed Montreal dairy and produce markets todsy. Butter and eggs were easier while potatoes held steady. At the weekly auction at the Montreal board of trade 1,289 boxes of no. 1 Quebec cheese white sold at '9 7-16 cents per pound and 262 boxes of no 1 Que- beccolored brought 9% cents.

The cheese market was quoted at 9 1-2 to 9 5-8 cents for no 1 Qucbecs while no 1 current Ont- arios were 10 to 10111 cents.

Butter was 20% to 20% centsper Pound for no 1 in carlots or less with lots to retailers bringing 21 cents for solids and 22 cents for prints. At the weekly auction 952 boxes of no 1 Quebec butter went for 20 l-4 cents.

Graded shipments in carlots or less of eggs were 27 cents a dozen for A-large, 25 cents for A-med- ium, 21 cents for B, and l9 cents for C.

New Quebec potatoes were steady at 40 w 45 cents per 80- pound bag.

Ln/Egocx

(Canadian Press)

MONTREAL, Aug. 7—Offerings on the two Montreal livestock markets today totalled 271 head composed of 26 cattle, 46 calves, 169 hogs and 30 lambs.

Grass calves were firmer rang- ing from $3 to $3.75 with the bulk close to $3.75. Medium to good veals brought $5 to $6.

Good lambs brought 6.50 with cluls out at $4 59.

Hogs were stornger. Bacons brought $10 fed and watered. Sel- ccts drew $1 per hog premium. Butchers and hlnrles were $9.30 and extra. heavles $9. Light hogs ranged from $9 to $9.50. Sows were from $6 to $8 50-

luasuu

llllwll N nl ES

Lia-Col. P. W. McNevin, C. N. R. charge hand machine shop. has re- turned from Petawawa where "n; was in command of the artillery brlsude during the annual mining period-

Dennis Dowllng, retired C. N. R. section foreman, has returned from an enjoyable trip to Boston and oth- er American cities where he vlslifii! members of his family and Char- lottetown friends. Mr. Dowling re- ports times quiet with no Immedi- ate prospect of improvement.