_ "I want." he said. "li young msn _ 1- ~
\
_ JOHNSTON ‘
MARCH 27, '"9
THF f`" " "'- "'|"l""T’“‘"-‘l- ""‘ """“'\T PAGE NINE
';_ - I "" _ _ _ g _j " ~  -_ _,___,.,. .. _ -a -.-5.1-iam m-i.-a. =
_ Mani bets gn. himself The Financial Sztuatzon
. _ _ I .
I-nu-p-un-nn 'T '
A _qood bet
- Ibr others 1
Wall St., New ym-lr, Thursday,
Mitch 21, 1929.--With all of the
discussion and conflict ot ideas as
rewards credit and credit policies,
it is not ltmnge t.h_at,' during the
DI-It week, the market should have
continued in on unsettled .conditlon.
Not only the present, but also a
former, Governor of the Federal
Reserve System have expressed
themselves in public durinl the Poet
few days. and unfortunately the
two authorities appear to be in
obbosition with one another. while
Plohty of outside opinion opposed
to e`schof`themia_svail.s1ble. As a
remit the ll»Ym¢n il~1eft in extreme
doubt at to what is to be expected,
but throughout thg week there has
been an increase in the feeling that
discount rai/es will be advanced-.
This has to some extent offset the
very fsvorable business condition
reports that are coming to hand.
(By .Ian_|es K Clem)
MANY a man has failed to land
the job he went after, just be-
.quse he looked seedy. The Boss
looked him over and probably ii -
med that a msn who'd let himself
dump would let his job slide, too. ~
' "That experience brought me u
short," the wise ones declare after?
wsrds. “That very day I started on a 1
whple new scheme of living. Sz ,
you'd never have known me for the
same man six 'months later. I'rn bet-
ting on myself naw, all right. So is
the outfit 'm working for.
` "There ore thousands of peoge in
ghis condition. Half-hearted. own ‘
oatheirlucle. Anddon'tquite know
' why. Yet, the answer is so simple. A ‘
' slowed-up, sluggish s stem-an ex- - . .
».».»f»°»s~»»»»»h=fY»d» i.;‘i‘;f.::‘;’f.:’.“.:;.":.‘°..’:.°§.‘:.';*:.'i’;
"Regular treatments with Nulol
start thigps functioning again as they
should. bolgol not only keeps an ex-
ms of y ¢polsons`fr6iu forming
(we all have em), but aids lp their
removal."
Sure now fo take Nuiol regularly.
Keepit up for the uexr three months.
up. That you're worth more to the
people you workfor-and toyourseli.
blujol cgn't _possibly upset you. For
it contains a solute y no medicine or
dru_gs. Nujol wa_s perfected blythe
Nuyol Laboratories, 26 .Bros way,
New York. Sold ln sealed packages
only. Get a bottle today( ' ’ ' ` '
’ I
, _
METAL SITUATION STRIKING
FEATURE
J
I"i'0m the industrial and speculat
ive standpoint, the metal situation
has undoubtedly been the striking
feature. with the quotation for
-°°PPOr making a new high so far as
recent yelrs an concerned- The
excitement in the trade and the
beav! current buying has naturally
communicated itself -to other
branches of the some product. with
l _ ‘ _ _». einnsth prevailing in all of the
` 1   non ferrous metals. The tremendous
,_,-_Q  - - . ldvlnoe of lead on the London
  _ _-_ morketwa-sunexpocted,whllcsharp
_ _=_.E§1',,.._  mmm fer- on me me helped
t Y ' r-11" produce on even more confused
H _ .mason tum nerewroe. mfloeuy
- ' _ _ _copper shasu, although already
\ » v high, received mother upward
~ F amlly Savings _ ......... ...... ,... ...... ... ......
, , ,;cs|u__m second levels. Nstunlly
and the Mlser s Gold w-w-w=m»°wumv-sm
' quotstious for zinc andlesd. the
latter esp_eeially being very vigorous
ln_its movement. Thus American
Smelting, Natioml Lead. for example
were able to chow a new high bl-ice,
ss did other stocks in the same
IIWP. In such circumstances stool
iluns whim had luxe
PQPULAII SPECIFICATIONS who looks like Lindbergh. who is tail,
‘ blue-eyed,_ _who has sex' appeal," a
The playwright, casting s. new show sense of humor, and sn _ai_r_ o_i_¢li.~l-
was discussing with a lady the dll- f,1notion_"
ficulty of fi11ll'lK Ono DH\‘i1°UlB1‘ DEN- “So do I," sighed tholldy. _
§e

?
GONE are the chimney strong-boxes, in which the family
savings were kept. Gone, loo, are the days when the
_ 1 _ slow 'accumulation of gold, bi: by bit, aroused inman the
` mlserly spirit, which glossed over in hoard, holrlmglt more
f 'precious than life iuelfl
`\ 'l ~ llisre vm llills elle one could do with spsnmoaeybut
lyslrwms 1 toutes as '
" 1 Gil C ll 0 I GN
5'." peaasdzr vest-:eras hpllfo sad prodesblo uedlldes
 -. ~ Wee Ensnelsl houses, the habit of '1'1'IR1F'I‘
_'JL | dlstgbuticzln _o_i'Pser_iing\ and eapiul mherthasof' _
.u~. ' IN lm ev o ' 1
  nvlngsmdthendsefs goldaruettowcrknow, _ ' _
1 _.  ... owners greater prodt, and anlstlnglu the dc- DTBIB-INDUSTRIAL DEVELOP-
__ .   ofhdmu-y, the growth ofeommerce,.i.he building HBNTS
,‘e!4!!!.l Pgggpgfhyy ' _ ,
¢,_ a°md.m,m,5h,,,m,u,w;4,f,,,1ud,f°,¢1,.P,¢g,. Dovoiopmsnbintho billndusiry
or Isle of securities; Private wire connections Win BUG lklifblllt- In W0 WBYS.
ending Enancisl centres-membership on iiveexchanges thtoil Ibn-IU tended to make a
“ llilledperlonnel.-twelve oflcesln Canada. ohm# nwml. for public interest-
' fu-ss the purchase by the Prairie oil
Co. olproperties involving 840.000,
000. and the annoimcement by the
Atlantic 'Refining of a stock
distribution in the mido of (one
sharecaohforihreeheid.ataprioe
ctw persharofor thenewstook.
thorlghtsbeing thus worth about $6.
Other oil companies are reported to
- _ be planning similiar action. These
_ - ~ 1 .
MEMBERS Muff lltnri Exrlangr, T ,rule Steel Inlngt, '  - “Nui chlnguf h°w°ver* were
Maurdal Cui tlalalu, lVi»m'p¢g Grain E-‘f¢5l"l'r ' '°°°mp‘m°d by F "cond new: of
influence. due to the apparent
_ _ Chiefs Hurd.;/`TrsJr. _
__- e _progrossthat iabeing rnedein

giiii
Enid
iii?
onpv/Am;
STOCK BROKERS AND BOND DEALERS 
i. nocnlrs. sr., arisen.. l»r..~.mlm mag., summn- se..
` 'Bummerslds V
If ` *JI nun,
' isbn.
I .
[_ fll4'|Dll
\
Canad-a’s_ _ Greatest
" Theatre Enterprlsei
HE Dominion-wide chain of theatres in which _
TFamous Players Canadian Corporation is inter-
ested provided entertainment for 25.ilx),0w PSUOUS
-who paid $12,100,000 in admission .charges-
during the twelve months ended August, 1928. The
number of their patrons this year will probably exceed
- 30,000,000. i
_ Ofsees:
Manual
Toronto
Hawes
s..'»u/.ls-*
Qui# 
Olsns .
Winnipeg
Net prohts of the Company, .available for-dividends,
“umm” are now running at the annual rate of between $4 and
nm M” ' $5 per share of Common S¥_0¢-fk- '
Quadra - ' _ _
hun An amaqive opportunity for investment ln Famous
um” ` Players Canadian C0\‘P0l’HflQl\- C°mm°“ Smck ‘S
°"¢9_” s. Wm by our offering of Voting Trust Certificates at
"Mu §S1 cr share. Detailedpartieulare_will be supplied
i _  uporfrequesr. Telephone or s'end'us'your n'ame and -
1 1»»»-rnii. naar.-I.. below. I ~ _ _ -~
me lm _ _ - 4' ' " 1-
 ,’ _Nlmg ...,..-..anna-can"son»»»~»,»¢»»»¢»»»»n~»~»
n / » '
2'" Juffns4|.annonenoseson:sadnsssooosoaoessseonse _
\
lr§
mann-an--___-a* _
“L_ -u-u
,< ¢
‘Am. Cnr cl: Fdy. C0.  ... .. 90
v
Market Continues Nervous Over Credit System _
obtaining control of all reduction
partly through the assistance of the
conservation plans of the Federal
Govemment, and partly by 1908011
ot further progress in the way ot
agreements between private en-
terprilseswhich heve been disturbed
over' the. inability heretofor to curl-oil
production. A strong tone in most
oi the better oil shares has been a
natural result, although prices havp
been -kept from advancing as muon
as they otherwise would, dug to the
difficulty in obtaining new money
for operations in that branch oi’ the
market, and as 9. result of the high
margins that are being exacted of
would be operators in oil issues.
l
IIIGH EARNINGS A MARKED
FEATURE
Excellent earnings .in many
directions has continued fp be a
marked feature of the general
situation. Good returns have been
announced by the railroads, prelim
ini-ry !i8\11'es for February being
extremely encouraging. Chesapeake
and Ohio, for example, reports a new
record for February. while other
rnllroads are evidently in a fair way
to follow suit. Largo earnings have
been made knowzrby severll leading
indusixial concerns. 'these !ig1n'es
running, in numerous cases. far
above those of the corresponding
period s yeas' ago. Partioulary good
various of the Standard Gil enter-_
prises, among others by standard
oil or ol-no whos, income ror ms
is nearly double that of a year ego.
Reports coming to hand by invest
ment trusts display a gratifying
result. some 'of which have letely
shown rather mnlerltsble incomes,”
and the some is true of s. large
group of public utility enterprises,
including some ot the conspicuous
midwestern industries a.ud'a variety
of others in the ssmegeneralgroup.
The high roto of current eamiugs'
affords _an unexpected support to
market values which in many cases
have been established on s. basis ot
future prospects primsrlly, but
which sro now tinding unexpectedly
early confirmstlon in the dlta thot
results of operations drains the past
few months. Ifublio ’utility shares
have, under this influence. been
_ unusually successful in hcldng their
own against pressure, while the
mnior railroads, supported as they
have been by the group of lactors
which hava been reviewed in _these
advica onrecent occasions, show
the effects of enlarged appreciation
on ‘the port of conservative buyen.
CREDIT SITUATION A PUZZLE
Several lsctors in the credit sit-
uation have proven especially inter-
esting, and somewhat puzzling, dut-
n a . on
accumulation is found in the isct
_ -Continued on page 12-
Stock Quotation
HALIFAX. March 20.-Quotation!
furnished by Johnston and Ward,
Members Montreal Stock Exchange.
New York Exchange
At., Top. & Ban. Fe. Ry.  
Ar:1.Cn;1 Co.    ... ..
196%
119%
112%
107
47%
155%
182%
100%
01%
48
52%
103 '.3
143*/4
214
134%
147
178%
Am. Locomotive Co. .. ... ...
Am. Smelt. de Ref. Co.  ...
Am. Bosch Mag. Co. ... ... ..
An.Cop.Min.Co.    ..
N. Y. Cen. ds I-lud. River R.. R..
Con. Gas Co. (N. Y.)  ... ..
I-Iud. Motor Car Co.   
Inter. Phper Co.   ... 
Stan. Oil of New Jersey  
_Reading Co.     
Southern Pacific ..  . 
Union Pacino Ry.    ._
U. Ei. md. Alcohol co. .. .. ..
Westinghouse Elec. .. .. .. ..
United States Steel  ..-. 
Montreal Stock Exchange
Abitibi ...  ... ...  .. ..
AtlanticR.ef.Co.    
Industrial Alcohol ._ ... ... .. 38
Mio. Kan. &'I'ex. Ry. ...  .. 395
Montreal Power  ... '...  09
National Breweries  . .  120
37
13%
Winnipeg Heetric ... ... . ... 14%
St/all
40
salt
Com. of Canada .. .. ..Jol '
.. . ... ... 'li
 -... ... .. 01- .
. . 20%
un on 31'__
5.*
lla es
ll use
returns have been given out by'
I
- I -
=\ 
"thi
Ei ‘fu y
_ _\\ ‘l
\\\
I Trustees
_they ferment-
_'I`3.
- Employers
af
,Z .
Eseilornplo:/etinCar_xadamuat
~ aretorngivingpartieularso
 ` ._.n__,____ _ __   f ' - " _
O I I I 4
I A ‘
I Dominion _of Canada Income Tax Information 
4-,
Are due March 31, 1929 I
This advertisement is directed to:
>`\
\\\. \
flfrllsuxeeus
l3rr1;pl<>5neuns
\, ‘ .
(IkJr1p<>r11t1r>r1s
lil! s
_/ noraanx . /iw
_..-. ........-
._=T. ._.----. _
1.- _.1 1
12’ , <4"-
. ~ or .tss>»<~_
.,~@>~¥~ _ I ' _ ‘
‘.'~f.»`=rf_i"_€%@;  '
 ;’§:.__=.  ~
. "»`i‘3..»i~=-` " '
;/ff
I \
_la -Rvr.  _-_ ra;tions
.'51 _truacees, ex?:et_ors, administra-
tors, assignees, vers or persons
acting in a fiduciary capacity ore re-
quiredtomakeadetailedreturnofthe
income of the estate or trust which
Thiarei:urnshouldbemadeonForm
. _
'WhatisReq1tiredof
E
Do not'incuf`the penalties which the law imposes fordelay
What is Required of
Persons Acting as
Oiee at
CHARLOTTETOWN,
_ P.B.I. '
For the convenience of
the taxpayers of Prince ‘
Edward Island, the Minis-
ter of National Revenue
has authorized the creation
of a separate district for
Prince Edward Island.
Mr. G. E. Ritchie of Char-
lottetown, has been appoin-
ted acting Inspector. Here-»
after it will be necessary
for residents of the Island
to transact Income Tax
business with Mr. Ritchie
at Charlottetown instead
~ of at Halifax.
1
they
éiilré,
iiiiiii
rggiiii
l a'5"l Eli.
Employerashonldaakforl'oanfl.‘4_
_ _ _,__ _
- Whatis.Reqnircd'_of
Every corporation ln 
quired_to»iilearetm'ao£itadividends
or shareholders' bonuses paid' or
ilsalted during the calendar year
...____
li
States
water
ra
by d0€S
from
».
\
-or
May
July
Sept.
Moy
July
Sept.
May .
ss so h."
Abana
Aeonda  ... ....
Amity Copper .. ...
 ... ....
Afdlw.. ... .»~ 4.-' I
ATDO
Barry
.. _ f _
andotbsrremtmeratlonesf ~
in comms ro seas ooseemins um . ~ 
;l;is'rcturn_shenld be made 
».. ,
_. _-_‘_;;__¥
Get Your Forms at Once! °
Blank forms may be obtained by writing G.E. Ritchie, Acting Income Tax
Inspector, Charlottetown, P.E.I., or the Income Tax Division, Depart-'
ment of National Revenue, Ottawa. Full instructions appear on each form.
Do not delay because of the absence of omcials who generally sign such l
reports. Any responsible member of a firm or corporation, or any person
acting as agent for the trustee, may sign these returns _and so avoid the
penalty. _
Mefenallnrhelrseaeyformelanginfermeueorepormeqolreémldereae
Income War Tax Act. `
ing the  week. The amount of t  h°°m° Tlx Dividbn f°P¢¢d.unY   ffm*  Q 1 A- ilk for tha. 
un-wld bonds now on the "shelves" _ operation of taxpayers required by law to make these torus-na.
of dealers, is estimated as upward of ' _ '~ iv _,_
$600,000,000 or decidely more than - §_ "un li!
r_ 1
_ Income Tax Division
Honourable W. D. Bunn, c. s. wwrsns, '
Minikef ol National Revenue. Commlaloner of Insane Tax. - l
CORN
      oe :-9 °‘°'°‘1 9'°““‘
OATS _ -
... ¢»¢ 4 . . - .
.. .-. -~ .~
..» oss 44| ... -.4 ... ..
WHEAT
May . . . .
..    .. ..
July .. .. .. .- ..
._-_-_-._--...._-.-_-_
Standard Mining
*Exchange
_
ATWELL I COMPANY
Charlottetown Once
_ CTDSIIUII 1001"! (JIOIO
300 100 195
U U 11 14
I ea unseen Oo
neluem . .
_ ..  l...
85%"
sa. -ua ess
.. t. .. .... 123
ss 88 sz
ns le'1 us
swsls
4a 'so' so
so so rm
ss ss' so
sm ‘Biz Missouri ..  124 los lor f i
" Buckingham . .  'm '1 s I ' ‘L VD
95%
.. .. s s ers , < -4`
cent Man .. .. .. 45 45 45
Clerlcy _ . . . .
... .... I9 18 17
Falconbridgo . . ..l000 990 B75
G1-anaus .. .. .. .. zo lav. le
Hollinger .. .. ...,.750 'Iso 'loo
»w% r-rowey .. ._ .. .. 115 114 114
' hudson Bay .. ....loco lass laoo
mt Nickel . . .. _.woo 4125 4400
Keeley.. ..  ._ 41 41 41
Lake- Shore .. .. .2375 2350 2350
Mslartle ..   ea ss as
mandy .. .. .. .. no no loo
Man Basin .. .. .. ol 49 49
Mining corp ..  455 450 450
Murphy .. .. .. .. as so za
Menoussil .. ..  sa sz 51
Newbee .. .. ..  33 32 30
Nipiulng .. ..  soo soo soo
Noranda .. .. .. ..ss'1s 5200 4900
Pioneer ..  .. 4e 4s 43
Sheritt Gordon .. . 018 800 725
   .. ws so 'il
suoburyhain . .rm oso°s1s
eyivanits.. ..  iso iso no
'r¢ei¢Hu¢lm.._....s4o a4o sau
'navagmao . . .. .. 210 210 los
'msevnli ..  ...loco ms mo
45%
44%
.. 43%
119 2-ll
13%
Ventana .. .. .. .WB "V15 900
vipcnd .. ..'..  0'!
windfall
fl 90
'I 'I
106 175
42 30
.. ... .... 'I
K3!
~_-P. O. Box
A_. Stewart Jones
linmzmfm, 
_ _ ~ _PiiouoZ91L
Safety m . ` r_.
o _ _ of e o L
Dzversz zcatz on
Investment inundation, Limited, enables the investor
to participate in a well-diversified list of inveitments
. . . to share in the yield and sppreciation of a large
number of securities and financial enterprises pur-
chaseg_on _advice seldom availnble to the individual
investor.
THE _ POLICY ’ `
Nat more  10% of the Compsn`y’s capital is to be
invested in any Ulle undertaking.
Not more than ass is to lnvemq ni hay me elm rx
industry other than pubic' utilities.
At leiit 50% multbe invelted in dividend-ptyinl
seeuritieslisttd on some recognised axcnsllge or
Noiividond onstoekuntil
tnerehu ` amountsquaito
twoyosrfdi outstanding Pro-
‘ THE OFFERING] _  _
UNI
scoot,
..
C
ri;
sg
gl..
Eg
is
“No
Eastern
| 1
‘ -
l l
:,‘
of neg 5 
Uncut- is iQ
"‘T.¢-`_7.‘=' ‘
_ivy has ro- 4'-_
,ehe 
the amount that has been sold since T °` "°'°"f
....1 0...... ... ... THB DEPARTMENT or NATIONAL REVENUE at ~
e"’““rf_
ri.
~.”S~
mf Pl EIL D
» -~v
_ `.f:~:.
f.» .
` 4'-M