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Morning Stock Letter

(Received over- Pltfleld and Co‘: y Private Wire) NEW YORK. March ll-The European situation still semis far from being cleared up. Both

France and Belgium are seeking

military and economic sanctions unless Germany lives up to the Lccarno Treaty. Other signator- ies to the treaty are less demand- ing. ‘rnere will be a meeting to- morrow in connection with the treaty and the League of Nat- ions will meet on Saturday. Those who are well informed on the Eur- opean situation do not seem to be particularly disturbed, neverthe- less, the uninformed. and thereare many of these who own securliim are nervous about the European situation which will probably cause considerable irregularity in the stock market.

Dividend meetings sceduled for today are Air Reduction, Contin- l, Kaufimann Dept Stores, Ga sand Elec, and United whine We would look for some 1.. nsion cl the rally today, but '10 not believe the advance

will ocn-inue in an important way, at least without some further backing and filling. There are some stock, however, which may may break away from the rest of the list and included in thcsc pos- sibilities are Sterling Products, Seaboard Oil, Farm Implements, Gull’ Oil and Standard Oil of New Jersey.

1 MOIHREAL, March IL-Traffic 9011111188 of C. P. R. for week end- ed March 7 were $2,413,000 an in. crease over like period in 1935 of 7 per cent. '

WASHINGTON, March ll-The United States War Dept. announ- ced it had ordered 521 new aircraft Qllkllws from the Wright Aero- nautical Corp. ct‘ Paterson, N. J., the cost about $3,850,000.

DETROPI‘. March 11—Pofntiac retail sales-retail deliveries Feb. ‘(L815 of which 3,079 weredelivered in last 9 days of mczztli. This last 1191100 “Elites excluding 10 day I period of year ago as well as last

10 days of January,

LIVESTOCK

(Canadian Press)

MONTREAL. March 11-A quiet tone characterized early dealings on 1\1;ntr:al livestock markets to- day with ofcrlngs too light to draw attention of buyers.

Calf and hog divisions were steady while there were not en- ough cattle to make a market. No sheep were offered. Receipts were 11 cattle, 91 calves, 149 hogs.

Common light veals were priced at $5 with mixed lots of fair to medium quality bringing around $7.50.

Bacon hogs, fed and watered. sold-for $9 with a. $1 premium oh selects. Butchers, heavies and lights were $8.50 and extra heavles $8. Bows ranged from $7.50 to $8.

GRAIN

(Canadian Press;

CHICAGO. March li-Spreadlng operations in which new crop us. liverics werc sold and May was bought dominated wheat pflcg; 1n later dealings today.

The result was fractional down- turns of July and September whsat nrlccs but relative firmness °1 W13" 1181111111; t0 sustain. May were estimates that upward o: 1,- 000,000 bushels of Canadian wheat had been taken today for export, 11131111.)’ to continental countries.

Wheat closed uneven, 2-8 off to 1-4 up compared with yesterday's finish. May 99 1-2 to 5-8. July 89 1-4 lo 38, corn unchanged to 3-8 hlslwr. May so a-a to 1-2. oats at 1-8 to 1-4 drclixic. and provisions unchanged to a rise of 2 cents.

(Canadian Press)

WINNIPEG. Mlarch 11—Mili1a.rlt aspects of a tense European polit- ic~l situation created buyer-inter- 951 ‘m 11171111111198 Brain exchange today. Wheat purchases were esti- mated in the neighborhood of 1,- 250,000 bushels, largest single-day trade in more than a. week.

Wheat futures rested 1-3 higher to 1-4 lower with May at 84 1-2. July at as l-8 and October at as 1-8.

Only a scattered trade was un- covcrcd in the cash wheat ‘and 6011159 grains sections. Price

Produce Prices

(Canadian Press) MONTREAL. March 11_ Wheat, nor no 2 91 1-2. Barley C W.n0 3 47. Oats. feed n01 37.

T519111". 511F111! wheat patents, firsts $5.60.

Flour seconds $5.20.

Flour bakers $5.10.

Flour winter wheat patents.

choice $3.90 to $4,

, Flour, white corn $4.40 to $4.50, ‘Bran ton $20.25. Shorts ion $21.35. f-Ziiidlings ton $26.25. Rolled oats bag 90 lbs $2.90. Hay 110 3 per ton car-lots $9.00. Cheese Ont colored 12. Butter ‘no 1 21 1-2 to 22, Eggs in carwns A large 35. Eggs A medium 33.

“Potatoes P E I mts 90's $1.20 to

i’ is 1 mts 80's $1.05 to $1.10.

P E I cobblers 90's $115-$120.

P E I cobbler-s 80's $1.00‘ to $1.05. N B mts 80's $1.00 to $1.05.

N B mls 50's 75.

N B mts 10's 16.

Que mfs 80's 95 to $1.00.

Que no 2 30's 85 to 90.

New York Curb

(Flunpllcnl by Pitrlrlrl and (fum- puny member: of Aluutreirl ninck exchange and orb market)

Stuck: Sim-Inn

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l‘lt Scrr :1 ;-| 1m.- lluntl so 1st,,” i-j" _ Ford A ‘ ~

Slut Hud

(Canadian Press)

flfocka

Am-rr 1'_\‘;|)| l: Aillvl‘ Hus 171M’ Aulcr Sup ]'1I\\' Assoc ‘ills lifil-l- A Alias‘ Corp

(flu Murvnni

,,. "i “w Nlng Hull a)‘: an: Qll n". .;,,.g_ Ln 1.111111. l'nw A 4-15 lfu l.l;_'l.l 1'hw PM 41

The amount of branded beef sold in Canada during January, 1935,

Charlies were of a minor nature.

amounted to 3,660,337 pgunds_

Advertising Rattle-Payable u Advance '

Central fluarrlin I g , . per wurrl; Annofrnczlrlrxzdatrnfilorflxrfilsg 11:12:11.“: nuns“ Inc-h’ u t’ unit'- “I'm” l“ h""'”"“"' "°"”"- ‘"111 P" lm-h-ptfl-lv-“lirxriom and ‘ . p r unl Offerings, C | , g __ , ' _

per lnrh: Notice: of '¥I(I:III:ICIII‘If Xgprflltrlrilil-urlukgfgrr-pgrf lillmznf: tier

n-nral. Other rate: 1m lfllpllgnfiqn,

Mhmmlm Chlfle for any - m-lilerrlent twenty-fire unto,

> yflfiiiflflfl-il d

Clllllflld 7M

For Sale '

FOR SALE _ ONE 0r THE Island's best grocery and meat ‘stands. Write care Guard- R11.

corraoe non sans-warn: Culture. Box 11c, Charlottetown. L-sau

son sans 4 aucnou roan- Plve Bridle and wnm Score Car . Guardian Central Job Printery.

FOR SALE-GILLSON ENGINE 1% 1-1. P. complete with lobster trap holdef. Also McCormick Deering potato planter. Apply Allen McDoQgall, Nine Mile Creek. ' L-3025-8-11-3i.

an»: ma nun wonlr. ann- u: Wood, Aioxandrfl."

Miscellaneous

THE BEAUTIFUL THING ABOUT saving through Life Insurance is 11101 11 you die your family is pro- tected by the amount you elfpggg. ed to save had you lived. Consult J- A. Moore, Currie Bldg. 27-tf.

Agents Wanted

AGENTS FOR NEW MEDALLION portraits. unbreakable, beautiful Real money maker. United Art 90111911111‘. Tomato. .

N-3l5-2-20-l0i.

MAN WITH CAB-ESTABLISHED rural route ii: Prince Oountyopcn for reliable man. handling Wat- kins Famous Ply Spray, Stock and Poultry. Topics, Spices, lxtracts.

L-uu-a-il-al Medicines, soaps. etc. Earnings at

. start " " average 020.00 to

To Let moo a week. Credit furnished u

necessary. Apply, The J. B. '00 --- 4 I001 PLAT, tm- Watkins Com y, Rural Bales 1 - 51th Dlpt. m‘! u at, Montreal. Que. n-aos-a-io-io-zi.

“tram-cl 1:34 ' in»

‘ --_-o T010010 and lltIhQRlF-Iliillll-

‘l

(Canadian Press)

MONTRaAL. Match 11--British and foreign exchange in relation to the Canadian. dollar as compli- ed by the Royal Bank of Canada closed today as follows.-

Argeutihu peso .2762.

Australia Dfilmd 3-9780.

Belgium bclga .1702.

China- l-fong‘ Kong dollars .3290.

Denmark krone .2225. c

France franc .066470.

Geruiuny reichsuiark .601.

Great Britain pound 4. B125.

Holland floriu .0059.

Hungary pengc .2977

India rupce .3772.

Japan yen .2909.

New Zealanu pound 4.0181.

Norway krone .2505.

South Africa iwund 5.9575.

Spain peseta .1378.

Switzerland franc .3203.

United States dollar i-32 per cent premium.

(Canadidn Press)

NEW YORK. lviurch 11—Forelgn exchange easy. Great Britain de- mand hlgli 4.98 1-2; low 4.98; close 4.90; 60 day bills 4.97 1-8;

glum 17.01; Germany free 40.52; Holland 68.55; Switzerland 32.91; Canada 99 31-32.

(Canadian Press)

Closing exchange rates:-

At Montreal-Pound 4.08 l-8; U. S. dollar 1.00 1-32; franc 6.84 ll-16.

At New York-Pound 4.98; Can- adian dollar 9o 31-212; franc 6.04 3-4. '

At Parls~Pound 74.95 fr; U. S. dollar 15.05 fr; Canadian dollar 15.02 fr.

In Gold-Pound 12s; U. S. dollar 58.82 cents; Canadian dollar 58.80 ccnts.

PRODUCE

(Canadian Press)

MONTREAL. March ll-Eggs again declined on Montreal open produce markets today. 13111-161‘. cheese and potatoes ruled steady.

Gradcdegg shipments in car- lots or less were 30 to 31 cents a dozen for A large and 28 to 29 for A medium. Butter was quoied at 21 1-2 to 22 ocnts per pound for carlots or less of no 1 while lots to retailers were 28 cents for solids and 23 1-2 to 24 for prints. Cheesc was l2 cents per pound for no 1 Ontario colored, main line arriving. —

Potatoes: P E I mls 90's‘ $1.20 to $1.25: 80's $1.05 to $1.10; cobblers N B mts 80s 1 to $1.05; 50 75; 10's 90 $1.15 to $1.20; 80's $1 lo $1.05‘. 18; Que mts 80's 95 to 1; N0 2 80 85 to 90.

N. Y. Stock Exchange

(Supplied by Pilfirhl unrl Com- puny members of Mantra-ml aim-Ii cxvliunue and Curly ilurkrl) blur-kn

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{Pronto lion-lower. IewJuir-v-Oipch cionedhllhn. flour-Want i4 higher, to

Francs 6.64 3-4; Italy 8.01; Bel-i

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(Canadian Preel)

TORONTO, March 11- Gold shares widened their decline t0- day on the Toronto mining share market. dropping .77 to 125.11 in the exchange index. Miscellaneous mines had about the same let back on volume that lagged 111 1119 "-1" ly trading and speeded up a little 1n the late session. Volume at 1.- 121.000 was up about 170.000 shares from Tuesday.

A feeling of nervousness over the possibility of war in Europe was no doubt responsible for the mark- ing down of prices. Base metal stocks were fully as weak as the golds, Noranda leading the field with a loss of 1 son Bay was off l-t in light turn- over and Sudbury Basin dropped 15 cents.

Among the big golds Lake shore. Dome and M01011" "B1515"?- fractlonal advances on light trad- lug‘ and active buying ln Bralome boosted the price 25 cents to 0'!- Wright Hargreaves and l-fcllinger were off l0 to 20 cents. _ln 1110 penny stocks losses predominated.

(Cirmnllun Prue) 'i"0110.\_"l‘U, March 11-

,1

smu- 61v" Arnie cu 15% Afton ‘l? .\_1ux Oil 5f: Alex - Alg-cmn 111 \u|:]u ii 1115 Huiflcld 711 unit-y 15 islurla 5'10 liagauiac 7!‘: Hurry H o4 Iinsc in»: * -1 llcur 713 RNIHIP 1'11 I111: Mien 117 Hohjn 17 Bralorua 71111 mm Ank 48-1 Buff r u. 111i Bunk mu 111.6 (al llllm 11R (un Mill 10R (‘nsilo '1‘ 14:1 (‘on Put m" (‘hem llel 111 (‘hiboug 111‘: lulu-Icy 4% (‘unlarum 1'1" home 15% Dom Ex 11 Elllorudo 139 1" Bridal- 91-) rwi Kirk 11A i-mnkuu 11? (ioldulo 19% Goodlsli 91 (lrahnm 1% Grnnndn '-‘1 (‘lrnnlinro 7 Groom: 3111/: (iuuulir 51 llalcruu- - 4 llnrll Rock 31/1 ilarkcr 5 llolllugor 59 ilolucslcnll 114% Howey‘ 11-1 J .\i (fouls l‘; Kirk Luke Luke M: 02% Luuin Cont Lcbcl 22% Loo Gold 3V: Lltllc L I. M5 Murussu 4011 .\lal| Eusi ~13 I liiuplc. l. 1111a fiicluiyrl: 1121.1] tlrlwirlic 1311 .\lc.\llllnn 11 McYilllo t l" .\fl:\\'nll(-ra 151i‘ .\lln Corp 11111 “into 1111.‘: Alonvln 111/: .\lur~r Kirk 111 lillifllli)’ _-_1 Nrlirvbcc -' N pilsiug Nuruuda 47% Nor (‘nu {i} lrllrlvu 1i: ' (llgu Uil "Pr: (lint-git 1131 Puluour 3S7 Puyuluslcl‘ ‘l3 l‘crron 131 Pct Cub 3V2 Pick (fro ‘ 447 Pioneer 990 Prnuiior 22H Pros Air 2N1 Quebec ll ll§ Quoluout _-I fiend mun 110 Ru] Lake 311% lteuo Uold 115 Roche ' 7 N111 Ant 200 Shl-op (‘r 7o Sllcllllt 1211 i-‘lnroe J10 Sou Till 5 Slada 31% St Aulb '15 51H] Bllllli I25 Sud (Joni i471 Nullivuu 0T Sylrnullo 2M1 'i‘nuliolu M 'l‘o<-k Hugh 470 ens 411i Toburn illll Vcniurca 2L1 ‘Valle Afnll 117 Waysltlc 111 Wlilto Eng 4% \VIlilil-_v (I 0 \\'r'l:iii ll H0 \mlr Y G if! Tolnl sales 1.121.001‘). UKLIITID Alderman 110 Brett 'l‘r 2% _ (Yen lilnn is Chill-ch H 7 Cobalt - :1 Dal Oil M Homo Oil 100 Hud Ba 20 Kiri Town 11 Lake Mar M,‘ Rfalrnblc 4 N Hawk 2% Nordou OII 911-1 51,5 111:" 0% Park fill 27 PfHVll-u K 41¢ Pond Ore 1M Porc (‘to 1.7% P200101! 5% Rllchll RM llnhh Mont ",1; find Nines M}. Tonilska - 2 Wood Kirk ‘ 1% Currencies \

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Q U0 TA T101371?"

Buoyant Trend CH1 Mt'l. Market

(C. P. By Guardian‘: Special Wire). MONTREAL. March 11-111m- llsted issues suffered minor set- bocksXm Montreal Stock Exchange today while domestic stocks exhib- ited mild strength in light buying. A few issues. observers said, were

cpeau situation but the general trend was buoyant. Banks dipped sharpbi while liquors and farm equipments firmed ~ fraotionally.

Financial position of the company was credited for steady demand that brousht a a-a rain loi- Massey Hlrrls at 7 1-0. frransfers totalled more than 2.000 shares. Cockshutt 010W gained 3-4 on light turnover.

International Nickel followed the New York listing and dipped a small amount while Noranda fin. 1511611 0f! a point at 48. Smelter-s workedia couple of points higher and Holllnger. was even. ,

Late selling sent Bank o! Nov; Scctla nearly four points lower to 294 1-4 while f-‘toyai dipped a point and Commerce 1 3-4 p0lflt5_

Brazilian ‘Traction was sold heav- ily at'l3 1-0. down 3-3 net. while Bell Telephone eased two points. Power" Corporation was on the downside slightly while Montreal Power added l-l. Total sales were bonds $6.650.

to cl: _ Exchange, I

(Supplier! by Pltllrlll um] (‘om- puny members of Montreal llflfll

23,240 shares;

exchange and curb market) ritorku ilueu but Abllllil 2 2 Bulhrlisi 121% 111V; Bcll 'J'l.~l 1457 145% iirnzlliuu 111,1 131/; Brow (furp (‘an 3% 3% (‘nu Nor 1'1‘ 2| 24 (‘un (‘or Found (1% (1% (‘nu Cr-luout ‘l 7 (‘an lllll A1 10% 10% (fun I'm; 131.1 131/; (‘clunwlgl 281,1; 281/; Cot-k Plow 5% 8 Cons Spirit 25'! 250 Dist Nun: 27 ‘.‘7 71cm liridge 3R 38% Dom cl Wli I111 Imp 141,’) H14 Int. ‘ll 50 491/; bfauwy Harris (W; 7 .\ic(‘oll Front 10% 10% liloul Pow 321i :12 ' Nut. lire 4J1 43 Nut Ni (‘ur 101,1; 101i Pow (‘v1.7 101,1 lii uu V. 211/; Foil (‘up Pow ll.’ 1111/, St of (‘nu 11:117. (l3 BANKS 11k of (‘uu 5.1 55 “k u!‘ (‘mum ‘Ill! 11H Bk uf .\lil 201 liill Bk of .\'. 1%. ‘J07 297 Royal 1711 170

M T’L. CURB (Supplied h; Plflh-Id null (fum-

puny members of llunirrul stuck exchange and rurlr market)

Morin Open Lut I! A (Ill 211.’; 21'); 11cm Simon

F0 -.l A 1"‘) 25-14. Imp Oil ‘J21 231,16‘ In! 1'01‘ 211111,, 30% blah-hora 111$ 10% Walker Good 30;. 301/. M ' ll

I808 01180118

‘ (Canadian Preea) MONTREAL, March 11-A bare- ly steady trend characwrlsed the dealings tbday op Canadian com- modity exchange produce section. Butter Spot: Soles: 400 boxes Que Brass 21 5-8. Cheese Spot: Ont col (Nov make) 11 1-8 to 3-8. Eggs spot-Ont A large 30 to 31, Avmedlum 20 to 20; A pulietc 26 to

Says S0 Long to Bride 0i Week

nos Annuals, March 11,—-(C.P.) --Mrs. Phillis Flanagan, bride of three months. told the oourtz" He left me right after the ceremony without the least word of explana- tion. All he said was "so long. darling. I'll see you in the funny papers."

The judge granted her plea for another kind of papers-divorce from Edward Flanagan. film actor.

American Papers l Increase in Price

CHICAGO. March li-(CPJ- The Hearld and Examiner slid to- day it was increasing the price of

its newspaper from two to three cents ning tomorrow. because "mow uct. together withall pro-

duction. must bear an immense added burden of taxes."

"legislation. national and state, has also resullcdinlarge and unex- ted increases in operation com or materials, labor. social security and pnempioynwnt relief." the an- nouns Ont slid.

Preach franc dipped c minor fraction at 0M 11-10 cents. frbe United Itetle dollar we; uncba

o

still affected by the unsettled Eur- ’

Ind u-strialls Surge Upward On Mart

(By rrenklleoliliiien. Associated PreellinanolalW

ritlr)

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

NEW YORK. March lk-Indus- trial specialties surged 1101711“ 11‘ today's stock market, far outdil- tanclug many of the recent leaders.

Galnsof-ltooormorepointl were scattered over a broad front as Wail Street's nervousness over European war bilitiee contin- ued to fade and economic bright- ness appeared in the prospects of various corporations. Bullish sentiment in brokerage houses was restrained only by the comparative smallness of the day's trading volume. While the Associ- ated Press avenge of 00 stocks pushed up .9 of a point to 62.0, transfers totalled 2.204.303 against 2.839.700 in the previous melon. The list got on to a fairly brisk start, with farm implement. oil. al- cohol and aircraft equities point- lng the upward way. Despite the sumequent dull periods, and the cv- iclence of some profit taking in scattered issues, most of the favor- ites held or bettered their Ialns and the majority were around their best at the sound of the cloainfl 8°11!- Rubbers. airorafis and mines re- sponded to thoughts that. whether the present. Franco-German dispute over the Rhlneland eventuates hos- tilities or not, orders for war mater- mg may be expected from countries desiring to build up their defflwfl- U. S. Government securities eased in the bond division while corpor- ation loans were fairly steady- Ieading foreign oxchanflfl I0"- ground to the dollar. In the Canadian list Canadian Industrial Alcohol B lost 1 1-4 at o and Shawinlgan 1 1-8 at 21 8-4- Fractional losers included Hiram Walker. Dominion stores. Interna- tional Nickei. Brazilian. Canadian Marconi, Ford of Canada. Hollinger and Lake Shore. Canadian Pacino. Dome Mines. McIntyre-Porcupine. Massey-Harris and Quebec POWB!‘ were slightly 11181151‘-

ln Ottawa

(c. P. n; Guardian's Special wire)‘ OTTAWA. Month lL-No change is contemplated by the 807011111191" in the administration oi harbors such as Toronto and Hamilton, now controlled by harbor commissions. Hon. C. D. Howe, Minister of Mar- ine, told the House of Commons to- day in answer to a question from Joseph Jean (Lib. Mercier-Mon- treal).

PRINTING OOSTS

Sum of 883.709 was paid to the government printing bureau for printing revised electoral lists used in the last election, according to a return tabled in the House of Com- mons today. In addition there was an additional expenditure of 813,775 paid for proof-reading the lists.

DIED SUDDENLY

John Pieter Dionyuls Van Veer, translator in the secretary of state department, died suddenly here to- day. He was 60 years of age. Born near Ede, Holland. Mr. Van Veer came to Canada. about 40 years ago, owning and operating a. cattle ranch in Western Canada for a number of. years, He lived later in Montana and Connecticut before coming to Ottawa in 1013. His wi- dow and one son survive.

TARIFF BOARD

The tariff board today disposed of two applications, one dealing with a request for upward revision of duties on sporting ipmmt, the other for free entry of photographic equipment when used by profession- al photographers. The first was opposed strenu y. the second had no opposition. »

For the professional photograph- ers A. Ii, MlcLean. Liberal member of the House of Commons for Prince, P121, presented the case, the request having originated in the Maritime Provinces. It was suppor- ted by C. H. l‘ nnlngham of Ham- ilton. Secretary of the Ontario Boei- ety of Professional Photographers. Canadian Kodak C0. of Toronto was represented by M. J. Patton and B. B. Currle.-whlle J. C. Macferlane appeared for the Canadian General Electric Co. and C. A. Hunter for Canadian Westinghouse.