ANUARY 14. 1932A

MARKET

Associated Pros! J h, L. Coolell , (B7 ° planner-Ir? silt-slur‘) u_secur_ esdil! Howard energy from the ""1 1i¥'l"i."..l l3‘ u . .»:i:..'.::: its"... 11-. 1

11s made new 11181"

m! M" Many leaders was: 2 t0 "9" y o 2004.840 shares. °' rnlcrllllnislletll! tutlrlicteo llle bu!“

m" nlillll ill-ca absent yesterday.

or ‘limb; q slot-J's 3 point advance. I l’ ‘.;1‘11..111 a major fraction

M‘ particularly no-

"stlncl

“golf. ks a ‘ewe young‘ 5'9""

lied. lyllri ls.’ t . h to 5. “M 6,‘? lllJll1ilFP0I.\\'lll|1h were tlccalllc l" “l0 itevnoids report. The llilltlro‘: w '0“ ‘from the Sinclair- hle i‘ - h d been hang- ‘Illlfle m" so that! it was hard- "? m}! ‘.211... it finally came, was a l" "H" ‘mm, 1,. Sinclair Preferred; 91ml“ m, pptroh-iuns were quiet.

tllrr\\‘l~‘°,,,,,,,.,1 .. 1111111 better 11s 11 ‘olllwl-‘f UHHHYlJZll. ltrnler prices for "1"" “ " liberally.

illiilroved

he metal. lluils

GOSSIP

Telephone’! rise o about 8 0111!!

The ral

forceful enoulll 1° "mmand “m”

spread comment. Subject to only feebls

be o- lgglzlrlwtillefatfr lseecvizlitlelveglf: andnthfllair action was one of the market's per- sistent dietooraflelllflllis-

Once ‘more security markets advanc- ed without support from

evident still steel makers are 11151111"

oiutell at the slow recovery in their reported current op- of capacity against 2i a wet-k ago. but still held p,

inc. “Iron age" erutlous at 25 per cent

out the hope that lutc January 01'

February would tiring “a measure of

seasonal recovery." Foreign exchanges were firm. Japanese yen advanced.

“WIAT TIIE STOCK MARKET DID“; 4-.

The

Number of advances . . 1.; Number of declines (in Stocks unchanged 1(J1 Total issues tradcd .. .. (H3

PRODUCE

(llrsn Press) (Jinn, Jan. 12—A de- tor and ll drop ill quota- ,,,,_._. o; I to rctailcrs were the only , ,.,. (‘ljflllgflfl uu (Eu- produco 11|1d dlliry 1 e c to '“\-r,,l"°t1hp,1r_.-i1u1 /.1~1l built-r, in curlots. “Q; .-l qunrtr-r 111' a cont at 20M to 21 pm, ll |lt1ll|ill. 'l'o rotailcrs solids and rims nv-re both nnchitngcd at 2-1 rats and 2i routs a pound, respective-

hurt-h (‘nluluilla frcsh eggs. in car- om “pro firm, cvtras lit-lug quota-d t.'l(l 1o ill cunts lrsis at 25 to 2U ,..,1.q au1l pnllots ‘..'i to 2.1 cl-rlts a ' 1. (‘nrlot prl . of Ontario fresh lg \\'1'1't' sicady nt '..'l) coats as ‘l e firsts at 1H ccnts, puliets at 23 eats and scl-oilds at ii) cents o doz- en. Fperals at :17 to 21R cents. extras till to lill 1-1-nts, firsts at 31 to 32 cats ililll pulloia at. Jlti to .'l1 rents n nan-l \'(‘f'(‘ nil llolvu a cent. lfcceipts

- 1-.-c iuilrlli-t tradni: was l'lii'l'(ill 1'tt‘i‘l|ll5 uncltangcd u routs and summer rnako n llllllliil. lleccipts

1.1 .>\\'11B firnl, quo-

tations le-r 5n pllutlll hag llcinl; till to u cults (or llucl-pl- ullltcs and 50 to

[of ("cuts for tjlil-lllv" null New Bruns. it'll grccu lilltlllilllllfi.

l ew Coilstitution . For India 1934

NEW DELHI, India, Jan. 13. (Al?) India would have a new constit- tlon by i934, Liberal mernbeu of he last round table conference at ' ndon prcdicicd after conferenc- s with the Viceroy, Loyd wining- on.

There was no 11k i'ihood, the dele- atcs said, that the constitution bald be in operation by March. 331 F8 ilrvv-ously had been. re-

- ltd.

9i’ said they ‘expected an act embodying ntemplated “sngcs in India's government to be pass- ed by the British Parliament in the iali 011933. This would be follow- ed by elections in India. enabling India's new federal legislature t0 meet early in 1934.

la any event, the Lothlan com- mittee on the Indian franchise, which will come to India first as one oi three committees of the round-table conference, is faced With s deadlock over the appor- tionment oi legislative seats among the various racial groups.

___i____.___

SHEET METAL WORKER

WITH ONE FIRM FOR SIXTY-SEVEN YEARS

MONTREAL, Que, Jan. 12. (By the Canadian Press-Sixty seven years with one firm is the record of “T113118 (he oldest sheet metal " l" in this city. Chlrles spin- . who commenced his till-re as "i lllllwntice at the age of 12 years with s. local stove company. qr‘?- Spiaard was honored at two l‘? commemorating fifty

lllllllai and the “he” ‘my yelrs of be e1 llllltsefvlce. On May 24, he will tcledgtilv- m" "ms “i are. He en- hu b ° 101111111111’ in 1863 and "l" "the at m; own r0-

___________________ ' EYES TESTED ANu

GLASSES FITTIU

s. w. rsvtoll

I. s. carton Optometrists

1-12 mmmmllleil mend Sire-cit

Fu Filed Price Lat

‘ - m 1b. 3"’ T" . m: £311». 534a per lb.

"- 0- B. outlaws-arrows.

‘"1111 (told Storage (to. Ltd,

1371-1-74;

Bandits’ Surround Japanese Troop

(By James 1'. Rowe, Associated Press Stoff Correspondent)

TOKYO, Jan. 13—(A.P.)-—A 111111)- anese detachment bound to rein- force a cavalry unit at Chinsl was surrounded by bandits and was fighting against great odds, o. Ren- g0 (Japanese) news agency dis- patch from Chinchow, Manchurls. sa'd today.

The reinforcements were ordered to Chinsl after reports had been re- ceived ihst the cty was burning. The Rengo correspondent said tthere were several thousand irreg- ular troops in the unit the‘. sur- pounded the l-cllef column. Com- munications with the Japanese rear was effected by carrier pigeons.

In obedience to tradition. Emper- or Hlrohiio within a few days will zeport to the Sun Goddess Amaterasu omikami, the attempt made on his

I life last week. He also will vermi-

pate in rites before the Kashikodc- joro, or “Palace of Awe", a sanct- uary within the Imperial Palace. Tradition dictates that the Im- portal ancestries be informed of Mujor events affecting the throne and the Royal house, and that she be thanked for safe deliverance from peril.

Messengers will be sent to the Grand Shrine pr I56 81nd 5° the Meusoleums of the Emperor Jurnmu at, Mountuneb‘, near Kflshiwflbam- in Nara prefecture, and 01 111° Em‘ peror Taisho at Asskawa where sim- ilar ceremonies will be held.

Two horses injured by the bomb intended for the Emperor receiv- ed a royal gift ofthree and one- half kilograms of carrots each. Anxiety regarding reports of PW- sible conflict between General Tint; Chow, commander of the Chinese railway guards at Harbin, and Hsi I-lsia, Governor of K1111 PPQVIHCG. was expressed today to Prem’cr In- ukai by Alexandre TTOJBTWWSH- Russian Ambassador.

It was understood that the Am‘ bsssador expressed the 110116 JBPHII

' would endeavor to prevent the clash

as i; might jeopardize Soviet. 111081‘- ests.

Delegates Leave For Saskatoon Livestock Meet

N. n. sun r. s. r. ants away: say BUSINESS 1n MARITIMES onarrrynvo

MONCTON. Jan. ll-Represent- 111g the Maritime Provinces at the forthcoming annual metiilll! 0i the Cilliildlfln Livestock cooperatives. Ltd., of which they are dimim- ‘i’ be held in Saskatoon, commencl 1g Jan. 1a, w. B. Mcmullll, Alma, P. E, 1., and l-I. n. oil-van. G081 Branch, Kent County, have left f0!‘ Saskatoon.

The semi-annual meetifll W’ u" Canadian Livestock OO-ODOYBMW‘ Maritlmers) of which MT- M65911”! is president, closed here yesterday- Tho meetings were well attended 1111s satisfactory report-s were 811b- mltted for the first six month! 0f the fiscal year, 1168111111118 J11!" 1- Mr. Melellen stated, the livestock business in the Moritimes has been grettyins. Marketing! were greater than for the some period last Yell‘- The greatest showings have been made with calves, hogs and lambs, particularly lambs, which were the principal classes of ' i: mar- keted. Ths greater part have been marketed in the Maritime Provin- ces aod further stem are beirl; taken to develop this market. The press obtained have been affected considerably by low grade offerings but this, however, is felt to have hm the advantage of impresslng on Maritime farmers the value of pro- ducing hilh_ Bride stock. .

The meet-inn were attended by .1, M, Kng. Montreal, secretory of the Canadian Livestock Clo-Oper- atives. 1.16.. who was formerly manager of the blaritims branch at w - ' ' '\rva ,1 .

l. a

while utilities tn ed If!" 411mm“ ly in government bonds “"1"

business news. Industrial activity is droning along with almost no pickup so fllr my

T ES TERDA T0161

F0 reign Exch angle

Grain Market

\VINNIPEG

WINNIPEG, Mam. Jan. 13-—[By lilo Canadian Freon-Scattered buying overcame weakness in Liverpool wheat prices and wheat cams out of an early slump to close fractioually higher iu the grain p‘! here today. Values at the closo were M. to l4 higher fol- rile session. May closed ti, hgher st (ill while July improved l4 at (H.

Frmncss in tho stock markets was a sustaining factor while reports of rain in the Argentine which will de- movculent of grain added to lilo constructive side of the market. I-Ixport trade overnight was a minus (iuuntlty.

Belief exists that Argentine strippers arc auxoua to move part of their sur- ns l-rop before a quota system goes nto effect in Great lirituin. 110th Ar- gl-Iltinc and Australia are offering new wheat at considerable discount under current quotations for Canadian wheat.

l\o improvement was noted lil the doutand for cash wheat aild coarse grains. Prices moved within a narrow range.

CLOSE

\\'llcot:——.\Ia_v 63B; Jilly (i413. Ontaz- _' 32- B; July 3271M. Barley-May ~11; July 4054A.

CASH PRICES

Wheat-l hard 601,4; 1 nor. 59-31; 2 nor. 1"”; ii nor. 511/1; no. 4 411,5; no. 5 111d: no. (i 411,5; feed 40; (rack 59-7.; no. 1 (lill ln Ht; screenings unquotcll. Oats-Z c. W. 296i.- 1i c. w. 2m; ox. 1 feed 2719i I feed 25%; 2 fccd 2-1;

rejected 13%; truck 20M. C. ll’ ' 1V. 3.7%; 5

liarll-v-dl . S: ~1 C. C. \V. J1; t1 C. 1V. 35%; track L18. CHICAGO

CHICAGO, 111., Jan. III-Responsive to stock market advances, grain values showed rnpruvcd backbone during late licrlllngs today as compared with a drooping trend earlier.

On the other hand. export business lll .\ortil 4\lllr'1'l(‘iil| wheat wits conflncd to scattl-rlul loads from (panda. Kansas reports of silowfulls were construed as ln-arlslt, ulid so too were railroad ad- vices that drought in northwestern Mates had been broken, and that sub- soll moisture supplies were again about uorlnal for spring crops. \\'ilcnt closed firin l/l-l-fi above yo‘. lfjllillifii filliflh. corn ulu-tlltngoll to ' l11l-'|1"T. oats at IQ dot-lino to a sh; e "(ll 11cc. lllltl provisions showing a llsc o1 I! to 17 cents.

Aged Ujsi Julie?“ ' Has Retired

(Canadian Press) WASHINGTON, D. 0., Jan. 13 — Justice Oliver Wendall Holmes, one of the greatest figures in the history of the United Statics judiciary, sur- rendered to time today by abandon- ing his place 0n the Supreme Court bench.

President Hoover, with regret and expressions of great esteem fol- the services he had rendered, accepted his resignation.

The distinguished jurist, bent with like. had fought valiantly but unsuccessfully, to remain in active service until he celebrated his 91st birthday on March 8.

Eiarly irl the present tel-m he my ed three days from the bench, clue to a slight. cold and the precaution of his physician. But with that ex- ccpfon, he has been punctual‘ in his attendance at the sessions. Finally the strain became too much. so tDdBy he wrote the Pres- ident. his health made it "a duty to break off connections that I cannot leave without deep regret-thetime has come and I bow to the inevit- able."

Mr. Hoover gravely announced the resgaation shortly after correspond eats confronted him as he stood at his desk for the regular Tuday noon press conference. He quoted from a. letter he had written tell- ing Holmes of the gratitude of the people for his whole life "of wonderful pubic service, from the time you were an officer in the civil wal- to this day."

Appohted. by President Roosevelt in 1902, Justice Holmes now has concluded fifty years of continuous judicial service. including that on the bench of Massachusetts.

While he dissented last term in the two naturalzation cases of Canadians 1n wh‘ch the court held that aliens must give an unreserv- ed pledge to bear arms in case of war to be entitled in citlzensship, the dissenting views of the minority were written by Chief Justice Hugh- as.

Gandhi May Be Paroled

LONDON, Jan. 12.—(A.P.)-A Bombay dispatch to the Daily Mail today said the possibility that Ms- hatma Gandhi would be released on parole from Yerods. Jail. near Poona. and interned in a quiet village has been suggested by tho Poona correspondent of the Times of India.

It was understood in Bombay that the government was awaitin! orders from New Delhi regarding the future custody of the Indian Nationalist leader. who was nr- rested recently in attemptlni! fl "=-

Montreal Market Sidolights

(Canadian Press) _ __

MONTREAL, Que. Jan. 1.'i—'l‘he sc- tlolt of/the local nlarkot today, par- ticularly such issues as Brazilian, Nickel and Canadian Pacific. continu- cd to reflect the lunch inlproverLscn- tlnteut the Nclv York market 11.1111 been cxlllbltlng. In tho stocks mentioned the day's gains were fractional, but till-so. accounted for the greater part of tllc ans-lion's light Willllll), and were virgin-runs than the fctv

in board lots today at its new min- iuluin -at 10, allll horn-l: was credited with a Jl/y Ilciilt loss. lu its main fea- tures, the local list filllcd t.» dcvolup any new aspect. being content. Ip- . Io iulluil‘ the trend ill New York. The close "10s steady with not

lns s llol '11; u s‘f.'ht lnnrain over ul , Volatile was vl-ry light. lllrecr-rs o‘ (-ln.'l-l=-l|l (Jonvcrtc-s

u quaril-rly’ lllvi- l: pc‘ cont. on illllil slulves of

have just declared hull

ll 1 . a ltlild-rl) pit taken, the lolnilury slun- ful cunV-ilrililel: 1~f ||rl. . lull: with u vlrv 1o cou-ul-v-llg lllc (‘ash po- sltlou of the company.

RIOXTIIIQAI), Que; Jan. 1.'i—(1l_v the Canadian I'm-sis)—ltospilndlng to a substantial advance in Ncw York, the

filter-listed stocks of illo Alontrcal Stock - 1111c. recordl-d minor fill \1lliL'(‘B ti Th1- imitnte of tho list however - dull and frzlctlonally uoakcr. \ sulcsl In nlost issues wl-ll below ‘Puts i_v's vuiuiuc. Ill the stocks

to advance 11H‘ greatest. strength was tlltnwll toward.- tllp (1030,

llrilzllian ’i'rit1-tloil acconnfid for more than un1- tlllrll of tllo, (01.11 v . time null galucd u full point at 1221,13. "S llikh for (lu- prcsorlt nlovelueilt. Ili- gvrililtltulzll‘ .\l("lii*l was (lg, ham-p n; (Lu and (auallnlu l clflc ltulhvily ll- so gnlililll iii. at iii-jg,

(ltllcr cluulgos incliithld B‘ C pow" “Il" which (lccliuctl T.’ [minis at 5-1,’. following the rcntov: 11f jig lllinhnul" Price: (fllllltllllli (‘ur,u;l l; M 71,4; (um. allrl (‘onlcllt Prcfcrroll, 11ft 51/, in mm‘; ggllifltllllli Industrial Alcohol "ii." (lnvyn - (‘cuts at all - i1; g . H at 1:!» anti \\'~ o" i Wm“ "(r I

\ll.'lf'".\l n-.::tltl.~:t. ltli lrl

“l N attics ill SL/lilli u|l1i l... p,- Sicrllny: l-losl-ll at $4.057!) States funds at a prclniuiu cent.

British Speed * King For Dayton

NEW YORK, N. Y., Jan. 13. (By the Canadian Press)——slr Malcolm Campbell, British spezcl king, feels so apprehensive about the lastng qualities of his world auto record of 245.773 miles pcr hour that he is considering a return to the Un- ited States withln a month for an- other whirl along thc sands of Daytono. Beach in his famous Blue- bird machine. j

Sir Malcolm's plans hive pro- gressed so far that his Unted States representative, Bill Sturm of Indianapolis, will go to Florida this week for a conference with Day- tona beach officials. Sturm will dis- cuss questions of flnancal support, which developed a hitch last win- ter, as well as a proposal to ex- tend the sandy racing strip to per- mit greater acceleration.

After roaring up and down the beach to smash the late Sir Henry Segrave's record by more than 14 miles per hour last February 5, Sir Malcolm told Sturm he did not reel he had done his best with Bluebird. The British driver said he reached top speed H1191‘ P355“ ing the measured mile.

Later he expressed the belief that

THE CHARLOTTETOWN GUAR

n .1 |~Sil ('1-|:1»n. 111T :1 at

i- ill (no points lllllIW‘ ti; 11|i||li|||||||

of ill. 'l‘!io.-'(. -* \\1|.- Show" u“. ‘ Wu.

DIAN

ND BOND

(Znaalllan 1'l'('§tl)—Bf‘l1|llll

of Canada. closed today as follows: Argentina, ilcso. 0.3076. Australia, pound. 3.211011.

not (iuotcd. Kong dolla cro tl

akin. hculunrk, krone. 0. . Finland, flnnlurk, (.1 oau. France, fl"tl'1-

Japan. yclt, (112115. ‘ Jugoslaviil, diuar, 0.0215. Now Zcalauli, [ml l1, 3.68110. Norway, krona, Poland, zlcti, (l lluunnlilirl, luu, 0.0011.

South Africa, pllllllli, 51533;;

Spain, ilcsciil, 11.1001. . Saw-den. krillla, Q3337;

Switzerland, franc, 0.1318.

Failed Stilton, dollar, 1p p“ (m,

prelnlulu.

Miscellaneous

(Canadian Press)

lil cartons

; eggs, storage

x1111. Tl‘; n. . 72.1. sp-u (‘lllhvtl sit

spot ill llctto

': ration. i“ 1-.- |1liltll.*‘

l

lnillllling inn‘ mi1l1il

llofincrs wot-c incllncd 1o limit 11111" c -.-_ 11n licrnunl. 11f thc unsl-lilol of (he rl-llnod market. still-s 11f ’ bu 1. Jauuanv ~ ~' iullzs of (‘ullan fo

ipplucs for .\la_v-

.\ll lolll only 7,2011 tans hands and with tho start. of lllc grind lug of the non- fcw (lays off, opcrlttors wcrc cntly |llt'llll(‘il t1: await its 1-1 tiu- lnurkot. Jun. closed 1.11.7, .\l .\l_a7y 1.10, ,ipl_v 1.1.7, 501m

what soludlni: of tllo alivaude by 111111111. re lucrs at tho close ‘st nlgllt ucrs rcduccd prints Fl

SASKATOON, Saslh, Jim, 13 _. Progress in the activities oi the Provincial Livestock Poo] unis was reported at the opening sesslm] of the annual meeting of the Canadian

Bluebird, with some adlustments. was capable of touching 260 miles an hour and estimated that the limit for automobile speed, under any circumstances and with any machine, wrs about _300 miles per hour.

Italy Faces Reparations

ROME, Jan. 12.—(A.P.)—Debts will have to be revised if repara- tions are lowered as a resul‘ of the Lausanne conference, Ii: was said in omcial circles inst night.

Italy will never take the initia- tlve for cancellation of debts. an authoritative spokesman declared but believes debts and reparations to be intimately connected. The occasion for this comment was that Germany was unable to pay further reparations. The Bruenlng declaration, thel spokesman said, created little sur- prise in Italy as it was in lino with what the government already had foreseen and with the policy of It- sly.

Dr. B. eniilg, it was, explained, now has put the reparations ques- tion on the carpet and it is neces- sary for the nations to do some-

r 1

Livestock Co-opernidve yestterday. m‘? 111995718 was in Camera but a. statement was issued afterwards. Those present included, W. A. Amos and Robert Gilroy, represent- ing Ontario, J. F. Desmarais and A. Meunier. Quebec, onq A, 13, Mc- Leilan, the Maritime-s. all of the directors, together with H. S. Ark- e'l of Ottawa, general superintend- ent. J. K. King, of Montreal, sec- retary and I-l’. B. Clemes, Toronto. treasurer.

The report from the Marltlmes section referred to the depressed conditions 1n the mining and f'sh- lng industries, and indicated an in- crease in cattle and lambs handled. the latter being one of the main items of turnover, while a decrease was shown in hogs. Live hogs were being received from wcstem Can- ada. for the first t'me, and there was an increase in the use of coarse westem grains as feed.

General Strike Is Imminent

SANTIAGO, Chile, Jan. l2.-—tA. P.)--A taxicab fleet bearing ma- chine guns manned by carabinccrs apparently held in check a general strike yesterday in Santiago.

Other carabineers on horseback