AUGUSJl s. 19gb

YES TERDA Y’S STOCK AND BOND Q U0

on QBoRI-OTTETOWN 0111mm“

PAGE Nina;

2-

Market Reports

BY GREENSBIELDS

A ('30-, MONTREAL

Special to Stcwnrt Jones & Co., Charlottetown.

pOXIINIOX Oi CANADA BOSDS

,_ . . is .1031 100.45.100.80

3' 1.0111: .. .- n

. . . . .. . ...) .1031 ,iU<i.ii5_lU-l.$’- 1021i]

. sfilfl/Jluaal y. .. i, uisuiolss .1557 10a-.:,iu1.aa.1u1.au .i1,g|ilil~lul usiu, usau .. ..-s uiiaiuur-ittiursa _ ... ,. 1141-01-1 08.10, 115.60 Il‘|*l,fi 1010.00.10, osssu

vrrxpcwv<q~g coop» -

——-——rj"— MARKET REPORT!

..n _,..

‘Jail “one per cent.

llilH .. ~- “'- u Puciiic urniii ...

Canada Brewing ... llrlrlttc .- Securities ...

Frontenac l rfiruverics ... .. l Free-l For ...

ACTIVE BON

GHMZEZU Ports .. Gatiueau Power

Ila-meal Power DEohtr-rril Power .. lfontrcol Tramways .. Mo." cal Trainways

Shaw-nicer. Potter ... ... nited Securities

Ilianksr nsvtcw FOR auousr _, 4. 1am

t l5 understood that the sales of Willards Chocolate Company. Lim- ',_itcd. were down approximately 12 ..oer cent. in the first six months of files year. compared with the same TTtriod of 1929, but we are told that ftthis l5 not causing any concern to ‘xthe management as the greater part .37! the year's income normally comes l” 51111112 the iast five months. Since the 1st. oi July. sales are stated" to be showing a marked improvement. -' n the last two or three years the iwmiiiiny has equipped its talant to handle nearly double the volume of business it did formerly. by the iri- stalling of labor-saving devices and ‘machinery which ensures uniformity in quality, etc. The benefit irom these expenditures will begin to ac- jlfilE in a substantial way this year. Wlilards products have never been widely advertised, but it is under- itood that a change of policy will shortly be effective in this connec- ,iion and that a new line cf choco-

M" "15 11115 11410199417111"? Wt“ be cows on the Montreal livestock mar-'

I ldvertised in a big way. which is ex- Wwbtd L‘ substantially increase the "Manny's sales.

iloximox ran asm cirsmicarl

COMPANY I

Market Review

NEW YORK. Aug. 4.—Forecasi-

A trading market with a generally nrm undertone is expected in today's session. , Hornblower and Weeks-Jrhe mark- iet is entitled to mark time or even |giva ground slightly before starting a new upturn which may logically be expected the middle of this week.

- l ‘IPraser Jelke-Periods oi weakness iduring the current month should be .

utilized to accumulate desirable is- ;sues.

I --__ ] NEW YORK. Aug. 4.-Wall Street l Mirror says-A clearing of the atmos-

necicd with the public utility group should be seen this week. Selling prassure against Cons Gas in par- ticular has caused some uneasiness in certain quarters. It should be re- alized however. that each previous raw reduction has stimulated demand to an extent that. together with nor- mal incroase brought about consant- ly increasing production The strength will carry over into this mornings market but from this time on irregu- larity may become more pronounced and could bring about a selling move- ment ihat might last several clays. It is the feeling tl-iat weakness when it next develops should be used for mak ing purchases of stocks to be held for trading profits over a period of at least six yreeks and perhaps two months. ‘Trading mediums still fav- |crcd are oi course the speculative l specialties such as Vanadium. Hous-

l ton. United Aircraft, Case Threshing.

Worthington Pump. etc. steel com- mon and American Can will also be

‘amen: the leaders.

Summ ary

NEW YORK. Aug. 4.-Canetdlan freight loadings in week ended Julv 26 totalled .59.374 cars decrease of 17.45 from like i929 week.

Irving Fishers wholesale commoti- ity price index for week ended Aug. 1st was 82.9 against 03.4 in previous weak.

Youngstown District Steel opera- tions at 581.5".- of capacity first gain in several months and contrasts with 50% last week.

Electric Power-production by Pub- lic Utility Power plants totalled 7.- 74B.476,000 KW}! in June against 8,014,202,000 in May and 7,768,000,000 in June Ill

Englneors Public Service earnings in 12 months ended June '30 $2.80 a share against $2.69 a share in preced- ing i2 months.

Nnranrla ... 23 Power Corporation tiilii, Price Bros g3 Queliet- Pruner ___ 3m,‘ bbau-inlgau .. .. .. a114,] Smelters . . . . .. .. ... lfiil | Steal ofCannda ... ... ,._ u, 4:, Steel o! C-iiiiulti I'll. ... ... Jill Simona ... ., 3:11.; Winnipeg Electric , __ 3315i NEW YORK 2.017.113. °" 1- 12:1; Aiiticontln . .. I _ l Bendix Aviation .. 331,-’ (‘nnsollrltitcrl Gnu 1mm, (‘onimetclnl Solvents 201.5 Dominion Stores .. ... .. mtnoiuetnete Electric Pruner hurl Light 121.1, General Asphalt .. 451/‘ Grmrlvenr Tire .. ... "it international [Inn-ester . . . . . . . .. 541i Kenna-coir (‘upper 3511. llnutgnntcry" lVnni 351,; Niagara Huilmn Power 151i Paramount Plhlix 5n Prior 6.- ('0. l! g3 Penn-k and l~‘nrii 431v, flirulin... 41.14 Sear! Roi-hurl; . .. m Ffrtnrlnril (ill of New Jersey 7M4 Starling Socuritios a n»; Studebaker ’ Yellow Truck .. _ - Fox Films ... .. i‘. l‘. R ,,, Chrysler .. ,_, (lenernl lintnrs . . . . .. 1'. s. Flor] .. .. . m9 BANKS I Enii kn! Nova Srnlia ... . 321i Rnuk of “nun-ml , gm; ' Brink nf Commerce .. . 3.1/1 lfn_v:il Ban! ... ... ... .. 39o D PRlCES 5'”- July l _ 1953 273.3 8"‘.- Oct. 1 1959 99E- aa- llfar. 1 195s 104i 51-1"- Mar. i 1960 sai 6"’- Oct. 1 1941 94 5’? Dec. 1 1934 I04 4Y1"? D90. 15 1944 98 ".- Jan. l 1949 101 5": June 1 1955 9514 6'1 Apr: l 1941 991’, "'- June 15 1941 100 5‘-- "~ June l 1953 93"; 57- Ott. l 1°55 i921; 5""- Mar. '1 1970 102"’; H July l 194i 101 Us“ Apr. 1 1955 am 5”- Alll‘. 1 1955 96 5"’; Feb. 1 1943 103% 5‘? D01‘. 1 ‘Q63 101 1P5"!- Oct. 1 i967 ‘ 97 5°’:- Feb. l 1970 103% 416"- Mar. i 1958 9'7 516% May l. 1952 1001i 193i ‘.0035 1937 163.00 _ 1933 102.73 1934 1112.85 i937 108 07 193.’! l0iJ35 19-10 98.65 » 11943 103.00 411% 19-16 98.75 4'5’? 1944 98.75

of Alberta Wood Preserving Company amounting to $424,400 is now Show“

“"195 “Dparent from comparison of the two balance sheets time 1n m, hi!“ One that item in the assets de- scribed as ‘costs of properties“ ha; risen to 510523.258 compared with the $7.717.559 previously shown. Cur- rent assetshave rizen from $2.102.- _387 to 83.115307 and current liabil- ities from 8744.699 t0 $844.40] and net, working capital from 82041535 to $Z.27l.506 while current ratio stands at about 4 to latzainst about 3H to 1 at the end of the year.

LIVEBIUCK MARKET

(By The Canadian Press) MONTREAL. Que. Aug. k-Cattle Twelpts‘ 1055, a very large percent- 11-8! oi the offerings was made up oi medium good to good steer; and

ket wday. ‘Trade was very slow and prices were estimated to be 250 tc i500 lower. Cows. heifers and bulls held about steady. Ono load oi good steers sold up to $7.50. At time

amongst capital liabilities. It also be- l

oi"

Prairie Pipe Line Jul-a cruzlw ril 11c- illveries totalled 4.811.205 barrels. an

average oi 155.200 barre-is daily cir- -cline from 5.571.207 barrels delivered in June. | 30 lndustriak high 234.99 low. 232.- ‘80 last 234.50 up .93.

1 2o rails 131.01. low 1:10.95. last 131.- f a1 up .24. .

r Letter

NEW YORK. Aug. 4.-—Saturcla_v‘l= imarket session provided the smdilcst I volume snce May 1926 and about the ‘only encouragement that: came of it :wa.s that the general list managed a

slight gain in prices. The public

appears to be disinterested in the lstock market. what buying and sell- iing there is. is largely for professional taccount and thore is little of that. ‘Oi interest this morning is the re- ‘sumption oi manufacturing by most lautomobile producers after the mid- fsumrner shut-downs. While every ;great activity is scarcely warranted

or expected the n:~.v models will i191‘-

haps help considerably to stimulate isales. ‘

NEW YORK. Au:- 4-11 15 111171" , m]; w 53y anything of practical value about the day to day trading. A few -trader's are making a little scalping {profits in iast moving stocks like ivanadlum and Case Threshing or 11V ‘keeping alart- for the weak spots iwhich develop irom time to t.mc. This policy requires a good deal of ‘experience and 11110116111011 311d l‘ ‘may be questioned whether the chance :cf profit is worth the risk involved ' for the average trader. For the general public we would preier to advise tho gradual accumu- .lation of standard common 5l°°k5

Completion of new iiiancing by wrtng there was only a few 'cattle:dur1n‘z pet-Wis of general weakness-

D-Ini nion Tar 81 Chemical Company in the form of an issue cf 51.500009

oi 6 percent series "F's f. t,old dehen- -

111R" brings about a moot interest- ~10: change in the balance sheet pos- ~ "vii of the company as revealed in the consolidated figures as at Dee- tliibsr 31st. i029, after giving effect

"lth the balance sheet at the same date as presented in the annual re- lort and before recognizing new caP- ltal ls=ues and application of ben- ‘llits derived therefrom.

Study of the figures makes it ap- Plrent that since the end oi i020 the "wmiiany has issued 37.084 additional f°°mmcn shares in acquisiVnn of 1hyares of subsidiary companies. “Lnzlng the total outstanding up 1mm 231.500 to 2131a sham out cf 100.000 authorized. The unissued 2e.- sharss have all been reserved a- lflnst exercise of subscription war- Tmts attaching tn the-debentures. 271m has also been issued an addit-

tnal 4,350 shares of preferred stock

"P1011: sosto now outstanding out. ~11. 75.000 shares ior 8100 par auth- flrlzed. dfhe new consolidated balance sheet ; Lfers in several respect-l from the .1711! contained in the pamphlet re- Mrt ior ma. n: instance. the an- ifflm "Port. balance sheet showed tin ; of $671,000 representing "invest- 5 ""114" in sham of associated corn- wianies at cut." This aunt ltcm has in" armored from the new balance ' ‘fl-i. What has apparently happen- 'fi 18 that the balance sheets of

rsese subsidiaries have now been 7 Hsolidated. In this v nection it is

W: to note that the minority

b in subsidiary companion has ‘rniid from 0748.069. to 8520.503. It 11mm tbstm preferred mo:

i.-

J1 all new financing. is contrasted

lweighed up, 00d heifers brought $7 to 87.25. medium to fair quality heifers between $6 and 86.50. The bulk oi the good cows made be- tween $5.25 and $5.50 with sales up to 86. Cutters brought $8 to $8.50.

Quotations. Gal! receipts 621, calves were 5.00 or more higher. ‘flicrewasaveryllghtrim .9004 veal rnlde 89 to 89.50. with an odd sale up tn $10 or better. Medium quality veal mound $8. Gris! 011W! and drinkers broiliht 84-50 i0 $5- Good veal $9 to $0.50. medium $0 to $0.75. common $6.60 to 87.50. grass $4.80 to 86.

Qtggp receipts B66. Th! limb ml!‘- m n, stronger at 811 to $12 for n“ m” m4 a. Oommonto fair dub-lit! lambs brought $10.25 t0 010.75. Buck lambs were sold be- tween 0025 and 810. 511M? W" mostly fromMMII-l-Yfflulb 95,50, unit-g, good‘ $11 to 812, oom- mon $10.25 to 810.75. *

Hog receipts i221. 308s W!!! I Sh“, gums", Bacon; and butchers brought $12.50 to 812.75 with 8i PN- mgum W; hog, on selects. Heavies m w mans extra. hum from l9 to 811. lwiil hogs made ti! to 812.28. son vnra study at 8825 t0 tawifl-iafew uiuwww-W-

________.._.._- l. Fortune-Teller: “Beware cf a band-

aolnl. tall blonde."

_"lboictn.t'vemrriedbar."l__

With the business recession almost a year old the chances of substantnnl profit over the next six months tvould rem strongly favorable. ‘We 1x111 discriminate against srcr-"l 1° 11 m; meson that they are usually in the background at the beglnnini’. "l an advance when investment huyins is paramount and only come into their own when manipulation becomes org- animd and the public enter the mar- k” m . m; way. In a few more weeks Stcol Productions. 09-1‘ 10adings. re- tail stores and some oi the 0th: i; |dexes should begin their season

“mklw futurs outlook is ior a

“m; arket. t! m Livingston d: Co.

FLASH

Toe l bondholders méfigdjourngefinggm Juno 30. to. day Auaiiat 4- ' flake‘

Recent brldo-"I w" 52""! l‘ my bu“; and“, My husband lo- tumy more at mo (teartuliy). And x w“ 13mm; to drive lust to Plflle him. wit" u

JuasQu-"whlb did he mi?

Recent Bride-"He sat there in the ditch and said. ‘Holy cats. wo-

...

mm’ awn-Q, 9g“ gee that truck? l“

1m. main Hui-p. Stat»- A ~- wm nu been visiting her sister. ma. Wellington Mccsumev. New Chsoow. left on Saturday. haviii! rezeived an urgent summons to pro- oupd to hi’ litter in

phere regarding certain incidents con- |

‘f1.

ilPope May Buy

uoxmzar. cum siannar I €1+ l I . , " X . ‘.5 Bid Asked C. A)’; 06.1.

Aasd. Brew ... .. 2i 1-,, "

Bcauharnoirc... ... .. 0% 1n I jfiii @7517 ._

i s? Lays.’ lC-‘flifldhh Pres!) extras and firsts were marked up 1W1“- UYHWB 1* "Wk -- 111 ' ' ~~ '-

M0NT3EAL_ Qua’ Aug 4_-ym on, um‘ Egg Ncelpg w!” _l (Special to Johnston and ti‘: ~-.wi\r.v.-r1.\1. smut EXCHAXGE ,trade in all lines of cash grain here cases. The undertone to the cheese ' ‘a 3 , .1111» r 1.111 {today was fair and values were gen- market was slightly finner. Receipts COBKFOVB lirmvcrv. 1's 1.1m’ NEW YORK. A11?- 4 ~" _

‘ erally steady. A feature of the dai 'ere 3609 bc . Th d =1?“ ‘7“'l""'."?“'““'5 9 waisted "laml-‘i’ 0i d ‘u . W“ xes e emand {or |Lastern iiairies ‘ .19 interviews on the no. -- ‘I ‘ and produce markets was the strong butteq w“ dull and values we" in. Home Oil . .4 .511» crop dalnaqe beam" r, . . i '1) .. 201' 2i = l feeling that developed for eggs. and clined to be easier. Receipts were ‘(minute 01,-: ed 11951! 81111 div“ prices for the very best were ad- 677 boxes. New local potatoes sold ' '"“~ lf"_"“.“"“§ ; l“ 59cm)!“ 0i m’? ‘- ; . ‘"11 KUHFKP“ _, Wteks ago the in. .1‘. i» vanced tvio cents per dozen, whileat 90 to $1 per 80 pound bags. lnll, lttlittpg n - Luke SuPPrior Corp. . m be alJDiTiacnm: 1111.1: l1'~ » i ' - w '— — Mitchell. 110m. s.- Co. . "Try Over 0f “lien! lit i' [DRIPPING HEROES Xnranrln . ies o! dairy products. THUMB NOSES Am) Pace-Hersey Lid. 0Q phasis i5 talncred lllYlli . . i wonnY romcamarr ii§§le§i"°1l'.-il't1i"ti§§ inn. 91' ‘vhwh mo’ “m” 11"‘ s ' Sea Gmng Yaght l ‘Reliance Grain Co. .. s1, '°"°1'a11°11 0f @1011‘- - - i Sherritt our-don ducts. Wheat lil’1.{l_('F.l‘l. (Canadian Press) |‘ (Canadian Prose) §l11°°° -- - - - - - - -- 59 strong in chlcacr hi t‘:- i reek Hughes . . . . . .. 0G0 ‘km followed ma; In,“ h, ‘

VATICAN CITY. Aug. l.—-The ru- mor perslsts here that the Pope may purchase a small ocean-going vessel oi the yacht type. Such a. vessel would fly the Papal flag of white and yellow with the pontiflcal coat of arms, The ship. it is sug- gested, would be of considerable 15c in transporting nuncios, or papal ambassadors, to various countries. in carrying pilgrimages, bands of time it might carry hospital sup- missionaries, plies. its neutrality would probably be respected by belllgerents.

The Cruising radius of the ship, however. would be limited by diplo- mats factors. it 1s pointed out. Cer- tain countries. including the United States. have not recognized the in- dependent status oi Vatican City. It is doubtful what rating the Papal ship would receive 1n the ports of those countries. The majority of the big powers. however. including 'Great Britain, France. Germany, iltaly, Spain and all the South Am- Ierican republics. have recognized

iVatican City, and the ship would be‘

welcomed in their ports.

The question of a port ior Vati- can City came up at the time oi ‘the settlement of the Roman ques- tion between Italy and the Vatican. ‘i: s-ss i-Len that the rope did not want a port. He might us: ‘the port of Fiumicino. at the mouth cf the Tiber, which would be clos- ‘cst to Rome, There are several in- lnnd independent nation; which have port privileges in coastal ‘countries, Switzerland, for instance. lby the Treaty of Paris. was granted ‘permission to use either Marseilles ‘or Genoa as he! Kort, not only 101‘

if she so desired. Czechoslovakia l-ias a similar privilege at driest.

FAIREST FEET FALTERING AS STAGE SLUMPS

CHICAGO, August 1-Chorus girls enroute to Broadway in their dreams are detouring behind cigar stancls and hosiery counters in Chicago those days, for the theatre here is suffering its worst summer in the city's history. But not only is the rank and file of the profession affected. A matinee hero is running an elevator 1n a loop skyscraper. A popular Juvenile lead has found em- ployment in a lumber yard. Leading ladies are saying “Order. please!" and a villain is selling necktles in a shop on the Boul Mich. The main source of pay-checks in the profes- sion in summer in Chicago are the stock shows that are cast here and sen: out on the road. But-not one stock show was cent cut of Chicago this summer and generally there are from 25 to 30.

It was also an off season ior tra- velling tent shows as only a few were made up here, and several oi these are reported folding up or losing lll0l1"_'/. The chance: of sub- ntiiitic wcl-zk in lC-‘ffil current attrac- zons are slim. because for the first time in nearly a century there is only one legitimate attraction play- ing here. Last year in the midis of July there were five.

Pedestrian traffic along Chlcagds Riaito is slowed up by the actor! congregated all day at the entrance to the building where the casting of- fices are located. Yet half a block away the booking office of a vaude- ville corporatlon reported that there is no lack of work for standard vaudeville acts. and it was 18111104 that the organization was now sign- ing up acts for 87 weeks‘ work in- stead oi 45. But only 20 0f the 01'- ganizaticrrs chain of 250 theatre-K M’! booked out of Chicago. _

Last year popular motion pictures played in one house from five to six weeks in the summer. but the 095$ any have done this season has been fcur weeks and the gentrcl run is two. Hovrever. theatrical people here are locking for 1t marked improve- ment in the situation next month as several outstanding musical and dramatic productions are backed for August. One of the bin oz-ie chains has plans rcadv icr "ttnictliztc coit- rtuicticn cf two large motion picture HD0805 INN, '

and the like. In wax-i

merchant ships. but even for a HHVYU

NEW YORK. Aug. l-Patrolman Bruno A, Mcndica shook his head‘

tin the afternoon alts ihad been given o'er

sadly as he pondered the questionz]; 511w ‘"035 5T0“; E§f"_.\_\'G}; {selling of lvarurr , “Do heroes thumb noses at. olice» _ MEWS K161010081! vii I 1 ., p ' , a V Q0"? 1111111 111F151?“ riorthcomirtg direct: men? . lAlleg (‘orp . -11», .111, iii, M -i awaited m . _- - . - . .- - ‘ \'i'i - - Patrolman Mondica’ had reason m Om‘ m“: I fi ilicst. The ia\'?ol'=aclclo ‘ ponder. For hadn't he been on the M11- (‘flii ""11 -. the strong ones ill s s kitle finger and o! a noseJhumbmg i; 1R1?“ - ms [Vanadium Rad-Q and 1 .:>m Edward Bust-ice? And hadn't 1-m- ‘Fsi T11 -- ca“ “mm” " ‘ . Am. Tobacco " day- T9131 FBIFS l Eustme lu5t been dec13-T9d E 11973? in. ("ripper _____ ______r _‘ s ~* 1- t