" ' IIIHIKIIBIIL‘ IIIIFI

THE e Gvmlm

ST T IONS

N. Y. Ctockv Exclrclnge

(Quotations furnished by Johnston all Ward. Isnrbera of Iostraal ltasks Exchange. lsoutraai Insist. 4M Iiolsmond ltrcst, lastatawa.)

Curb Char-

Hooks

Air Red . . . . . . _ . . . .. Am For Pow pfd Allied Chem Allis Chaim All Ref Amer Can . Am Car Found ,.. Am For Pow

Alla Loco ., Am Pow Light Am Bad Am A.rn Alli Am An Copper .,_ . . . . . .. Atchlson ..... Auburn Auto

Barn A . Ben Aviation Beth Steel

Colum Gas lticc Com Sol .

Elec Auto Lire Erie. Freepont frer . Gen Asphalt .

MRI. Stock Exchange

(Qaotatlomfsrnlsnadbylshnstsa asdwarlmaarbarsaftbaalont reallteck ls

change, I011 Curb Market. l“ Richmond Street

- Charlottetown. ,

ITL ITOOKB Batburst A

Bruck Silk

Build Prod . Can Car_ coin . Can Car pfrl _ . Can Cel com Can Cenl euiu . . . .. Can Com pfd Can Hydro Elec pftl 4,7 Can lud Al A 9% Can lud Al B 8 Can Pac . 9% Cockshutt Plow ,. 7 Cons Smelt .. 107 Dom Bridge I) Dom Coal pfd . . 17%, Dom Steel Coal B .. 4% l-loll Gold .\iines 1800 ihfl Nickel 27% Lake of \\'oods B Massey Harris 4M McCall Front 12% Mont Pow , 8031; Natl Brew 80% Nat Steel Cur 14 St Law Corp 75 Bhawinigarn . 1b Bouth Can 1'0 11% Steel Co Can com l ‘ Steel C0 Cull pm 4d IIANKE

148%

18d

205 Royal . 148 Bank of Canada . . . . ._ 90

C A ' urrencres _-__-

(Canadian Press)

NEW YORK. July kl-Frospect of a crisis in the Netherlands Cabinet over economy measures to bs voted upon by the Dutch Parliament to- morrow caused a break o! more than one-third of a cent in the price of guilders in today's foreign exchange markets. The ‘lder slumped to 08.09 cents with “heavy selling in progress here and abroad.

The French franc turned easy, ap-

parently‘ affected by the guiider de- L - ciine. he French franc at 0.82% Phil Morris 4V cents. oft .0114 ct a cent, Sterling Radio COW ~-. W 6% was firm, the pound cl ' of s Radio Kelli! Oroli .. . 2 2 cont higher at 84.90%. The Canadian Liquid Carb 8 NM dollar extended its discount from Lambert Co .. 1.1g m 3.3g p" c";

;~r~.:*-r. ~.~- - :2 "

u r

tut...» u» .. 22:: z:.-":.:...-~..;-- an ""5 Tm" Stand on r3 J‘ 40v, PM‘ ‘t Stewart Warner 12% Pnk M“ Studebaker ... 2 “"19"” Pm‘ Texas (‘o En Natl Pow Light Tex Gm; s“; M "W" "I" Tim nun Bear

“mi-ll Y" Union (farbllle

Hath Alkali Um“ I.“

"m" “"9 United Air .

N.“ M“ - United Coop .

N” Eng“ '- ' 7‘ United (ins 1m

New York Can 18 U g 1m] A;

Natl Bis .. 81% U g 5m,“

Rap Iron Steal . 1d U 5 an,"

- "ii Van Steel _ 9% Warner Bros Co 5° West Union 15 West Ilec _ 11 Woolworth (‘o 19 Worth Pump

II F,“

pashfiilflsss pl w Otlssrssaaansppllis.

'sndhssslarasy

Balls-lo par ward. fires inser- sloas for price of awe. strictly Iqsbis in sdvflee.

To Let

Apply Guardian Odloo. L-USO-‘I-BO-tii. ——'—.:—-i I0 HINGALOW in Brighton. Ebctric light, nin- ning water. Wm. Wright. L-8575-7-3ii-9i.

Miscellaneous zit__‘—'i*‘—'i'

WIIY N01‘ TAXI ADVANTAGE at‘ the much larger income by purchasing a IiL n annuity in tbs Bun Life, Costs you nothing to investigate. 50s J. A. Moors. Currie Bull .

14-8420

liaise-Payable in Advasos

laaraias ianls. so. pas wards Wasasrs and wsslr Alnaanasmasta all 0Q! Ivan

. ward In Icarial Isiloa spans ‘Minibus. dm-as, arm, sa. a; o: _ lslieolssiol. 70s. s. h‘ or so. pm

‘be »-"i-1'i.ii' "Ht-...- I. namsr Iatssrs alssraa 700..

a civilians swash-diva ones.

41

Help Wanted

WANTID IBIMEDIATIL! MAN for farm work. Apply A’, O_ yo‘- W‘. Dunstaflnasc. L-dcafl-fl-I-ii.

WANTED — A IABIIBB W110 mderstsnds farm machinery and can use them. Good home or cot- tsse- Apply to Wm. r. Sardine, Head Hilisboro vis Mt. Stewart.

R». B. N0. 1, P. E. Island.

For Sale

I0! BALI - TWO NEWLY freahened cows. Apply Lemuel Lamont, Churchill. L-asoa-r-oo-ai.

POI. BALI-BAY MOWER IN good condition. Alfonso Bryon- ton, Brackley. L-Iboi-‘l-M-Si.

POI, lALI -- HEAVY JIOWN Paper lilli-lbig for placing under rugs, e"c. Guardian Oflioas.” a

POI BALI — AUCTION POI’!!- ECU“

Joli N01. 14f.

IOI. sans AT SPIJNG Pall 0N

Road, arts-quarter mile Limits, one double tell- lct and

idslpequa from Oity emant house with largo orchard. corner location. Guardian.

,._____

I03 IIlD-QUANTITY OI Ell‘- tuce, for sais this week at victor Bokensorrs, East Royalty. .

n-osss-r-sa-si

I0! 9A1»! — ITANDING Ill. ‘wry m. Jenkins, Upton ram. or .1. A. MacDonald, ausumur.

L-Ubi-‘l-Ii-ii

dalivsrzc fir.“ ‘J a ate, . PP - - Uptcne sans. or .1. a. nanose- ald. auctioneer. 14659-7-39-3

Mir-Wham

- Boarders Wanted soasnsss accornsonaflb.

, Guard- ma...

A L-BBM-‘l- 4i ‘

(B! Johnston and Ward's Special Wire)

I HOB-HUN} IABKIT LII"!!!

a

NEW YORK, N. Y.. J’uiy 22—-The market opened slightly lower Satur- day and after sagging on light volume during the morning closed with some display of strength.

Bails and utilities were feature- isss sud as groups wco inclined to ruin lower. ludustrials were irr-rgu- lar with rather pronounced weak- ness in sou-s of the specialty lrsuns.

0n Fur whole ths markrt holds its

recent gs\na rather well hut the present nigh gs ratio" that many of ihc better grails lnduuirlais

are selling at has made these issues rather vulnerable markctwise to ad- verse earnings reports. United Fruit and Corn Products may be cited us illustrations. On the other hand. prices of the leading motor. steel and electrical e uipment shares have been well suata ned by reports of continued high volume cf sales and the prosper‘ of some revival in heavy industry later in tho yeor, This selectivity in the market action of the industrisls probably will continue as additional second quart- er tenor-ts are released.

Lsldlsw and Company.

H UHMAI-Y

NEW YORK, N. Y" July 22-3“ gold quoted in London market at 140s 9d against 14ls tfid Saturday.

Magazine "Steel" says steel works operations last wcek advanced 5 per crnt to $1 per cent. for a gain of 12 points since tha first week in July due to inquiry from Ford Motor C0,. tor 00.000 to 140000 tons.

Westinghouse Electric and Mfg. Co in quarter ended June 1935, earned $1.49 on common against M cents in like 1934 quarter. Six months earnings equalled $2.97 on common against net lcss of 881,275 in like 1934 period.

It is believed is Washington that immediate cash payment of. the bonus is once more s possibility to be reckoned with at this session. The longer Congress is bsld in Wash- ington_ the greater becomes the like-

MII_V_I_NG ~

(Cmadian Brass) TORONTO, July 22—Goid shares were again mildly soft in today's mining section of the Toronto ex- change while miscelianeou mines, including the base metal and silver issues, registered a gain of more than half a point in the index. The heat again kept the boardroom st- tendance thinned out and volume was alt. uliish factora, including higher London prices for the non- fsrrous metals, were ignored. Gains of a cent or two were posted for Gunnar. Kirkland Lake. Perron, Paymaster, Howey and Ventures.

Mncssss added 8 cents, Reno 7 and Caribou 5 while losses of 1 to 5 cents came out for God's Lake,

Pickle Crow, Central Patricia, Bra- lorne, Tack Hughes and Yruir. Con- larum lost-d, Bsn Antonio 10 and Siscoo 0. . .

Chemical Research was less in the spotlight today, trading fewer than 4,000 shares on a price decline of 4 cents to 1.80. Nordon was the most active of the cheap oils and it closed s cent up at 12 and Calgnry and Edmonton weakened 0 cents to 50

TORONTO, July 22 ' Stocks \

Gloss

Man East .... liiclntyra lilcKsnsie McMillan , McVittio . McWattelI Hoff Hall Morris Noranda Nor Can a-a,

Pet Cob Perron .._. Pick Cro Pioneer Pros Air Read Auth . Red Lake ... Reno Gold ... .

. m.

rat's‘! . . . . .. ... . , ..., N

u...i."uz.."r"u,.un'" °"‘

UNLIITID

Aldermss ... ._, m 1% lit d 2 l5

MARKET GOSSIP -

iihcod of ‘undoing the Presldxstntl’:

recent victory on the issues, thought.

Illl law 14st III ac 1nd 122.01 12m mm as 2o Rails n44 sea our .00

mas "s... an on M Utii . 911d 31.97 22.04 .06 40 Bonds "-99 ~09

Dow Jones. G Lnrrnl. lsturday Afternoorf NEW YORK, N- Y» 311i! N'-

Wheat rose over s. cent and Corn a fraction. Nu change. December Cot- ton lost 20 points more and would still keep out.

Stocks were very inactive, but dur- ing the last half hour, a rncdsrats rally took place in the fewithat sliil harbor a share interest, There is no change from recent advices and 1 look for a substantial reaction be- fore tbs general list sisrts up ag-

sin.

Chrysler. for which I predicted 54 since it was 42, still has quite a lot of shorts. You were told to take profits, but 1 did not advise going short. If it should run up about B points quickly, then sell a little

sho .

Westinghouse also has a few shorts and might go a point or twn higher, after which it should react to or below" 50 which is the figure l meant Wednesday, and not 40 as print/ed by mistake in my letter of Wednesday night.

American Tel and Tel closed» hnli lower and if you sold it short above 130 or near 129 and 178 would siay

MT’L. CURB

(Johnston and Ward)

ltoeks Opened hat Assoc Brew 12% Beauharnols 355 Brew Corp 3% Brew Corp 201g Brit Amer Oil ... u. 16% 15% Can um .. . . say. aa Champ Oil pfd 7 7 Con Paper 70 70 21% 28% R 19 34 415 Walker Brew 3 Walker Good 90%

LIVES TO CK

Canadian Press)

MONTREAL, July fl-Offerlngs on the two Montreal livestock mar- kets today totalied 8,550 bend.

Cattle clpts were 809 head. There was s comparatively light of- fering of cattle-about 40 per cent of which were from Western Canada. Close to 50 per cent of the total cattle offered were cows. Early sales were to wholesale butchers and were on the basis of $4 for good cows with medium kinds mostly Ki to 88.50 and’ $5 to 85.75 for medium quality steers, with common steers around $4.50.

Calf receipts were 765 bend. Calves were 25 to 50 cents higher than last weak. Good calves brought from Si} to $0.50. Medium kinds of calves sold from $4.75 tn $550 with (‘Olli- mon drinkers and light veaia froru 83.75 to $4 50, Grass calm-a were from 88 to $8.50.

Good und choic: res‘. l0 to $0.50; common and medium $8.75 to $5.50; grassers $3 to $3.50.

Sheep receipts were 1,811 head. Good lambs sold for $7.75 with one icsd up to $8 The hulk of the lurnhv were sold in mixed iota at $135. When graded, culls were (llscolmted

Z per bundrcdwclght. Sheep were

short.

Phillip Morris closed at 415g and ii‘ you tookprofits on half around 50 hold the other half for- a new high. Though it could react a few points first. ' .

Columbia Pictures. of ,whlch you should be short 7B to 79, sold at 71%. closing below 79, and I would not cover yet. In short as stated for the past ten days. the market‘is gradual- ly rounding out a top and I would buy nothing till we tell you to do.

Baring.

EXCHANGE

(Canadian Press) MONTREAL. Jilly 22—British and torign exchange in tion to the Cadsdlau dollar as compiled by the Boy k c! Canada closed today

Austrnli pound 3.0071.

Austria schilling .1907.

Belgium belgs .1093.

Chins Hong Kong dollars .5372.

Czechoslovakia crown .0417. Denmark krone 3219. France franc .0003.

Grmany reichsmark .4085.

Great Britain pound 4.9684 Holland florln .0774- Hungary pengo .2984- lndis rupee .8758.

ltaiy lire 0&7.

Japan yen .%91. Jugoaiavia dinar .0I1. New Zesland lound 4.0071 Norway krone £497. Poland alotl JUL

South Africa pound 4.9487. Spain peseta .1875.

Sweden krone .808 Swltscrland franc

Iaaso. ~ United States dollar s-sz per not

premium.

NEW YORK. July fl-Foreign ex- change easy; Great Britain demand ~ low‘ 490%". close 4.90 i‘; 00 day bills 4.96%; Francs d. l4; Italy 8,24% Belgium 1d 00; Ger-

many 40.80; Canada 99 29-32. .____..___.____..

Miscellaneous -

Oats feed no 1 4o. Ficus spring wheat patents, firsts 10

Flour seconds 4.70,

Flour bakers $4.00. 8 90 to 8.40. Flour winter wheat patents, choice Flour white corn 5.40 to 9.50. » Bran ton 23.35-

.2415. Middlings ton 21.96 to 29.25. Rolled cats bag 90 lbs 8.25. Hay nu 2 per ton csrlots l2 50. Cheese no 1 cur Ont 9% to 9%- No 1 Quebec 9 to 9%. Butter no 1 90%» Eggs in cartons A large 9d Eggs A 1 medium 29. Eggs A large 27. Eggs A medium M.

c

E gs C .

Pgtstoes new Qnebecs 81's B0, Old Ono 90's 20 to N.

Ma rk ets A t A Glance

(Canadian Press) Toronto and Montreal-industrial stocks closerl highen Toronto Mines-irregularly higher. New York-Stocks closed hill!"- Winnipeg-Wheat uuchanlld N lfl-cent higher. New York-Cotton. 90"" sugar higher; rubber lower. ...____._-_._.

and

(Clllldllll P MQNTBBAL, July 22-Ail lines with the exception of eggs were easier on the Montreal dairy l“

produce markets today.

(hricts or less of no 1 butter were m“ rants per pound while lots to retailers were Ii cents for solids and 2i cents for pri s.

Cheese was weaker being quoted at 9 to 0% cents foi- no 1 current On- tar cs with no 1 Qnsbecs selling for 9 to 1% cents.

Graded shipments in carlots or less of eggs were as cents a dsssn for A large, 2! cents for A-msdium, 90 cents for B and 1a cents for C.

Due to lack of demand new nota-

--'- new.

PRODUCE .

toes were down to n0 cents itii- . pouad bag of Quebec stoe . 01d varieties ran d from 20 to 8 cents per N boun bag.

S from 82 to $2.50 with an orid top at

Ewes,- $2 to $2 50; lambs. goorl $7 75 to 88; common $6 25 to $7.50.

Hog receipts were 305 head. Due to a very light run, hogs mnrlP u gain of fully 7b cents. Bacons brought mostly $.75 with an odd small lot. up to 810. Selects drew $1 Mr hog llfiimiflm " ‘ . heavier and lights were cut 50 cents per hundredweight and extra heavier 31 per bundredweight. Sows were from $5 to $0.50 according to quality.

MONTREAL, July 22—Lesding currencies slipped off slightly on Montreal foreign exchanges today. The pound sterling was down 1A of a cent to 4.967, while the United States dollar eased 1-32 of one per cent to 1_00 382. The French franc at 6.08 cents was off .01 of a cent,

IDRNE PARK, Ont, July 19—-A unlque claim Ice-inst the muni- cipal oouncll has been received from Mrs. M. Mwiausiond who believes the ‘township should pay for plaster which fell from the ceiling of her drawing room, furniture and

11181111118 , srrmshing ' china. Bile claimed the plaster

wasloosesiedbyvlbraticnsetup bythooownship groderxother houscslnthe diatrlotwerenot demand

West Indies Drawing "_

Large Number Tourists

MONTREAL, Que, Tourist resorts in the Bea and mainland have become so popular for. vacation trnqei that the passenger traffic business oi.’ the Canadian National Bteamships during the past six months reveals a. marked increase in bookings from Montreal and also from Halifax ov- er the similar period of last. year, stated Victor like, Passenger Traf- fic Manager of the Canadian Na- tional Btesmships.

Full cruise bookings have been the feature .50 far this year. show- in: an improvement cf 12.6 per cent as an average for all passenger revenues m southern terminal Points. this long distance traffic b91118 particularly characteristic of vacation season.

An analyse or the southbound traffic for the seven months of this year. including advanced book- illss already made for the balance 0f July. shows the following in- creases as compared with the 51m- liar period of 1934: Bermuda cruise business increased by 13.2 ‘per ant; Jamaica 28.7 per cent; Barbados 27.2 per cent; cent and British Guiana 47.5 per cent. The increases are accentuated by the fact ‘that the last two ‘Lady’ liners departing for the British West Indies railed with cu- Pwiiy paasenzcr "lists and appli- cations ara still coming in regular- ly for accommodation on sailings Willi! Place during the latter part oi the month and in August. It is therefore anticipated that. a genera] increase in traffic will be sustained not only during the peak months of the summer vacationist move- ment but will also be rafiected in “ii 311d Wi-HZBX‘ railings. "The pm;- imity of the British West Indies to northern ports is s. most favorable factor in providing attractive cruis- es by liners of the Canadian Na.- tional Sicamshlps to a territory to- tally different from the north and the increasing‘ number of Canadian and American traveller-s from c0“; to coast who take iidillntage of these cruises is proof or their pop- ularity and worth as a travel m. veotrnent, stated M.r. Eire.

July f‘

WORLD'S STOCK EXCHANGES RACE DAILY AGAINST TIME

A Yaw ilflainst time is staged Practically every business day in the world's stock exchanges. Dif- ferences in time as between one country and another is largely m- Silonsible for this and cable ser- vices are constantly being improved with the speed" angle constantly 1n view, coupled with accuracy. As a. case in point, between Vancouver. B. 0., and London, Eng, some lines of business have only one hour out 0f the twenty-four in which to conduct negotiations, due to the time difference, states the Cana-

speed is paramount. The time in

1

Putting up s straw man to knock down, the ll’, press complains the Conservatives wrongly charge the Les. Government with" the full $548,820 debt. increase in 1931, No such claim is made by the Conservatl assume full responsibility for their four months ‘of thal- year. -

The Patriot quot

I

-Darrmigng Indictment. In [External eAuditl

u

es the Public Accounts of 1990

1981, which show the full debt increase for the year,

1.

kw ~

iberai "

Ii does not quote the External Audit of Aug. 29, 1981, howl

ever, which shows Liberal liabilities that. year to be $544,

lieve?”

THE SWORN EXTERNAL AUDITOR, WHO

DARE NOT QUOTE!

000, as against Conservative liabilities of $4,800 “Whom,” asks the Liberal press, “

are the pribiie to be» M THEY

Trinidad 10.1 per.

Where Was The “Bunglingi” In Provincial Bond Issue?

A garbled

Sect being to show that this Prov

‘ tement

The facts are quite otherwise.

provincial and municipal bond issues from May to July, 1932. sh that no province or municipality received better tenns with the exc tion or Ontario in a twenty-million dollar issue, at an approximate n

yield of 5.90.

0

Month Amount

May 5 5.000.000 MB! 4.000.000 May 1.000.000 May 558,000 May 300.000. Mo! 3.000.000 June 5.000.000. June 9,415,000. June 833,500. July 20,000,000. July 625,000. July 180.000.