WfiEABI £2». L’? Presentation i. on Friday evening. January the 51.111111. a large number of friends incl. at the home of Mr. lillichael FINANCIAL PERSBIIAL LIIAIIS ONE YEAR TO PAY 111E __ (I_I-_l_A_ABL(NY"l"_liE_ ‘PORN b _GUARDIAN sroc1< QUOTA TIONS ,1 jlanus, New Haven to bid fare- ‘- ‘ " ' ' ' hell 1o the teacher,’ ML Edd-W! Apply m Nearest Branch o‘ L d. I Nomi... no. . row no» The (janadi 3 k New York ea mg ssues Montreal raunulomntuct: ' of a" a“ 1 . Stock Exchange qxeruey. ' 1 _ t. n. Leo Bgglrlzgn. a Commerce Stock Exchange Agam Down M1‘- Edhlvn M" "a l MONTHLY n .1... Dear Friend: When in The FOR lfgjéfisilgllfovlni _____ In Ne") York “Mime otlnedflenviduwhlttgecoixrwrovenm “K12 (Clludlm Pres!) 1°""‘“'“‘ ""1 for an ‘ you _ [milieu tn a. pecuniary senae. the U You You Deposit} Cl s . 5M“ cm, ocoadon becomes to the one con- '3°"°W Rweive Monthly mo“ o a By FREDERICK GARDNER ccnlled. and also hfifimtgfir; 011a ‘é S S 55.87 g 5 21m Cgem Associated Press Financlnl Writer 3°11 T91 165 jubliiloll an s - ‘ . 5 m; $10036 an U NEW yQRK J _ 15_ - Brazilian 111.11 vPw1¢<>1Y 511°“ fl $11M °f 11111111 1'1"” 5 1118 s 151.31; :1: A1“ F“ P’ 1'1"‘ fol-tee again 1.1821‘... 1nRe§§§Q°§1§ B11161‘ 5111* account-B f" 111“ W811!“ M" 1°- $ 216 S 202.23 m Am Rad 13,, stuck moi-net and leading issues B 0 PW A 37’- night of this group. representative s 324 g 30335 s27 Am Tel Tel 1461.. slipped fractions to a point m, m Bldg prod 52 of your many friends, who. though y S 540 5 50554 $45 Am Water 11$ Despite the scarcity of goodnews can gammy, 1g highly onmgwhve of your sow $1068 31000116 $59 gzlahflfgda 34" for stocks. the volume of offerings 01m N01" Pr lot-lune. BM eel-Ill! conwcious of the ° " 11 _, was exceptionally small. Trans- CHI! C" Fd 11"» Severe 1m “my have sustained by '0THER AMOUNTS AT rnoron- A11 Ref 21f» icrs totalled 1112,0120 shares against Can Hydro Pfd your departure. TIONATE RATES Auburn _ 5F 933,680 yesterday. The Associated {Can Ind Al 4H since coming among us. one and B1111 01110 9y“ Press average of 60 issues was ofl Can Pac ‘F. one half‘ years ugo. you have gone _ ~Bal¢liw1n L000 121*} .4 of a point at 46.6. Celanese 19‘; qulotly on your was’. shunning the 39312;“ 62y duel-nits and gold mines were Cock Plow 10151 Uégcntauol“, and ‘coolly and capbl B3. s Man o rqslstntlt. throughout. the former Cons Smelt 62m b“, peflormmg the dunes and re_ Ea] c”? still ‘reflecting prospects of an ex- Dist Sea: 13¢ pmusibilltlles of yo-ur important Ches Ohio 37 1111115110‘ teannament program. Dom Coal Pfd 201v posllion’ m a manner may stamps I C‘ v =1 v 60 Ganhs and losses were about eq- Dom Bridge 3i -.- .. h < ti n n“ Q, 1131-91 willy divided among Canadian Dom st B 15!. 1°“ as a C m n 8e eman’ a Coin Sol stocks Divtillers-Se d d D d 11°11‘ “11111111” 11"“ 11 “"11" °1 1m‘ ‘ wnnadlan Press) Com So 1'1 1-8 ‘points oo 1s viiir-axwolléggez n5” 31o A disputed superiority, We hope thote Con can 41.; L4 points to 42 b2 aid Ben T 1_ Dog Tc 69 wards lulve not been meaningless 1510011; Close Con Edison 231i ephone a. point to 1'64 Dome Deo- E m Elect? B 1“ 11‘°11'“t1e‘"1‘1’t 1° 130111191’ w 7W1 CQn Gas Co . mllllOll Stores McIntyre and‘B1'a- Fggnda Co our 11111121911 196111125 0f l0)’ B41141 fi- Abitlbi Com 21.41 Corn Prod 63 zilian l-hllied fractions as Interna- Gen Steel W 7-'-' arch And now we 85k you w accent Abitibl Pfcl 17 Deere Llollal Nickel receded slightly. Godyear H 1111" R111’ as 11 5113111 wke“ °1 11111511‘ 451995105 58 C111‘ Wright 5‘; Steels’ and motors were only Gypsum 7% l)l“l'l-Cttl0l'l and ‘clpecl. Mid mill’ We B A Oil l 21 Dupont mildly m arrears. Opinions were Ham Bridge add our best wishes for Your fu. Eeauharnois 5 lElec Auto Lt 141$ heard of a pickup in mill opernt- How Smith (no prosperity and trust that you Brew corp Elcc Pr Lt 111'» ions in succeeding weeks. General Imp Tab 141.; will gmw in wisdoln and character Bath A 101, Firestone Motors put in buying orders for 1m Ni¢ke1 501.. in lnko your pluce among the 11-‘ Can Vickers Gen Elec 43"; steel to complete ite. first quarter 1m Pow Pfd 1' luslrious men or our province. 1 Dom Tar 9 ‘Gen Foods 33]} 1new car output. rake wnods Signed Klcnneth Docherby and Don [A 5 Gen Motors 35:» | What stocks did: Massey Har 71/, Augustine Tierney, on behalf of the Fraser Goodrich 18 I Tues. Mon. Mum,“ p; pozvple of New Haven. lFraser V T C i7 ‘ Govilyfifll‘ T‘ Zlf- Arlvdnces —- — —— —- -— 139 141 Nat Brew 40"’. Mr. lifacDonald than thanked the Ford A 1B G1 N01‘ P111 23;,‘ 13119111195 _ “ — — -" 45° 437 Mtl Power =1; Fume present for their kmdnew H];- walker Jiud Mot. Car 9-.» Unchanged -— — — -— 172 153 Nat 3M1 g“- 37 and consideration. mu we. m1. Home 011 13s 11!‘ Cent v Total usues — — — - 161 ‘I81 Noranda. 591a lrwcd by‘ singing “For Heb A Jolly Imp Q11 "'1 1111 H“ 62,? P011191‘ 00F? 14 (lord FPl-lmv." The ladies then Int Pete 30H 1111 T91 T" ” , Quebec Pow 1v Bi‘l‘\'8d lunclnand alter some games 11191611013 A Johns M“ c0 4° S 31111111111181“! 191i and sliI-lilhlg the pally bloke up. 15 5122;118:281; Ry M k t it“! gall" 145.11 ce ~ ~ _, w 51% svnmnr N. s. w. Jan. 19- 1109111119 Mm“ 11'1"“ 35"? ar e 8011 Can Ind Race horse. owners have wondered Murray Co 71‘ St Law Pfd 15“; ' ll today u bills for shoeing their "B" "l"! c"! "My. g?‘ m" $110,088; PW ‘M’, horses were unnecessary. Lady Air- ‘ .» ‘"1 o" 111-. 8, filly. ran bare-footed to win 10mm“ "*1 gflcbjsgm _ 12,1,‘ ‘égggggTgnstfggngxlilfY WED st Can Pfd 7 her second start at odds o: as to 1. stooln _ Ne, Am co 19.5 ‘ am“. MAR“: '95“ g1: g if zgn~*——"—-~' —-*~" " "A": Amer Cyan B N01‘ Par 121i ‘ "I" ~1- N O T I C E Am" W “l” §:.°“..l"?.°. .3?‘ i%’?§l..'3“$§“ “fit”. Amer Sup 1 '" “ f .11 ; . y Assoc o... n... A R n u 3 f“ m MINING -—-—- - r. bbt h d - tenth Tenders will be received Brown 0v Pfd 5;}, 11111;” Co 881m ‘if, e“ 103.102: by the undersigned up till January C811 1148-70011! Post Te] Cab ' Steak 1b 1640c ._.___ 31. 1938,101- cleaning and vu-nish- 0ft 39W P . Se N J 32 Roost; beef 1445c lng the interior of’ 5t. John's Pres- Creole Pfd P11” of! C 1T, 51¢“. moms 12.150 (clmuugy, pa.) bylerian Church. Belfast. All Elec Bond Sh 11"‘ ° f Chicken each 85-$l.20 TORONTO, Jan. 18- matcrlal supplied by Trulbees. Work Gulf Oil Corp Rag? coo 6|, . ‘l 32-34c to be completed by April 20, 1938. Humble Oil Rn ‘o K , 14.30. ggoch c105; specification "may be seen at reald- Lockheed M; Senw Roe Co _ once of Secretary. Nlag Hud she“ “m” 0'1 3341“ Acme Oll 95-’. Lowest or any tender not neccs- pant 011 5mm‘ P“ 7578“ A P Oon 33 Jar-fly metal-ed. Std Oil Ind 47-480 Aldermu 58- ns. n. A. u-ltus. m ' 311111012101‘ J 1411;.” Amm 2o 1 r. l 9 _ _ ‘secrete?! bf Tnl en. Texas Com I 5c Cdn‘ 143_ L-ae4-1 1'1 1o 21. , Unved Mr 25,, lgquash u, 3c Ang Hmon 39o ’ Apple's doz 15-25c Amtfleld 21 mw YORK, Jam. 1a —fAP)— "filled "of" 3.7,. ¢,....be.-.-...S 1b 12c Ashley a P0 ward francs inhproved DOGWY 1n Ding _ D k .1 75. 1J5 Aswflfl. 3111 ‘ t; exchange trading, the ‘gfgfimgas In“ P33111128: 11b s Auglbe 38‘, premium on 30-day currency drfllr- lU s s. Cu 59.1; ‘ Bflgflmal! 24 = ' ping to 07 from .13 and on the A1 22% . Bankfield 65 l“ s 111d / n Metal as ‘ 90-day franc t0 14 from .17. ‘vanadium 131; 559 ‘ _ While the spot franc was off .03 Warner Bros 6~ e o Beattie 132 -————- . Bidgood 2e l-l of a. con-t at 3.34 1-2, 9011111‘ lwest Union 261. _ -_ Farm at New Dominion 180 impmvmnenb was noted in the ‘West A". B 26.4 MQNTItLhL. Jan. 1a —-<OP)— Miss its”. nl-res in excellent condition good French monetary and political West E‘cc 1M1’, Recelptc; L-attlc, 181; calves, 269; B g0 900.. llnuse and Buildings. One of’ the simation. Woolworth 401; hogs, 819; sheep and lrl-ltws, 31. Bra meou 45 finest farms in ' Lot 65. Pleat" to The Pound sterling was 5-16 of (Jame were “cad? Three can Broyzrknk m 7' “d “m” 1°” p“""°"“'s' a. cent higher at $4 99 13-16. While 1c°~iif1alc1gvfs1elll cgwslwefe 111311;; 31,1,“ can 4}] - _ _2 C 'L‘l . LW goo S GETS ma 9 ANGUS BUCHANAN “he mlgémhbeiqggtlféi-‘fnnws goulilder and good lwifers $5.50. Good cows Bunk Hm 17 NEW 119111111111" of a rm“ e o0 Klnug from $3 50 to $4 and oom- CM mm 288 P. E. I. .08 of a bent and Swiss franc . nun t I - t’ k5 D Calmont 53 1-2 of a cent. The Canadian dollar l b“ ° 1°18 $3 ° $3- - Cflnnm Cdn Mal 109 was unchanged at our. MQNTREAL, Jan. 1a —lCP)— 5°11’ "Pt 12 "-511 W11“ medlum was new <16 L-957-1-14l-M a4 Prices firmed today in light trad- gm 121$!‘ Wm“ $2 3 2° “i175- Cenl P" 218 ‘m Cmwdmn commodity evahange‘ Callgvos war: Zuagt/y erg. 8511mm; (135 A -- Butter spot —Que grass megrad- 1d d ~' ' C am‘ 37 I , “J, w ed 3174b” ha; Que znds (38 s eve . One good veal rmde $10. Omwe g "‘ance score) 31 31 14' Que grass buy- The bulk °f the "e315 we“ s°1d 1“ comarmn 165 ' ' _ _ mixed 1 ts t $8.15. c: 11 m 01m 0111b 3° (Jenni Houclten Ioonll. 4e r word; wanton and Intern locum, in _ erS-llmpWl/km 31 3-4-32. 911155. 100 veals “:11, 30w“ to wrflmglgassgam Con 5mg“; 311-’, pa; d; Alnilou _ u" III llolnlng llvcntn 2o per word; Lllulllleal boxes Que grass regfadgd at 32_ ‘ “ v m ‘ l, 13 . n . 1 Darkwater . n, w . h, mm“. norm", 10o pu- Inch; Huh of mom nucl U med wcx. 5.0“ . . .. add sales were , . innings, cit-n, no, do per mum: [Mun of Ofllldulcllco 70o 0119959 9901' _ ml“ ~ - made M $3 75 m $4 25 y Davies 47 5 d lioflo: of no Appteohlloll, 10o w lnun nr nu- Eggs spot —-0ne A-large 2:511; A- Law,“ “fr? p T, lljallv an bucks Dome Oll 56 mo! . I _ _ _ _ .. . . . l. 41- _ f‘ llrifiuin 111...?" gr uh; ldverlllclncnt swung-flu eonu. lfflelfiqafsalgzmgdglunlietgo 3;‘ B 31d were 101:3 $6.50 t0 $6 75. £31502,‘ ‘f. " .~ . __... _ 11> MONTREAL Jan 1a -<or>>- ‘m’ “'°"° ' ‘ Dorval 151-1 1 _- -.'-_~s1 _ 1 - .- . . n Steady pyloe trends were ex- ‘nflfiEs “me stronger‘ The bulk or East C!‘ 12 Male Help Wanted For sale hlbited today on Montreal open {g3 “fvfffefgéd ‘gofitffrdbrzfém; fizztraltligal produce markewu _ - . _ l. WI} HAVE HELPED IUNDKEDS Butter W88 quoted 8.1. 32-32 1-2 21135225 wgtgwghgexlyljuglolflutg F5162?‘ _k ‘ 614'; to obthin positions as Meter Oar- on“: Gum sunfllmnu L91,“ cents a pound for oarlots or less of m $7 ' ' 59d 1 41 Hers, Posted Clerks. Customs m- —— No. 1 with lots to retailers at a2 ' Gflffifsmw’ m,‘ amlnere. ClIBlI-i. and S10E08"!!! - _ ' - b2 y 11¢; d 33 f fl w . ers. etc. and can help you. Wmiit: Foauactlsgziilsed (fiegrsdficlf Grzgx eggaghipmeg; pm“ can BANKS glteélorgflke 545:1’. a: fig po'°°{lg§gog‘fmf§“°‘;rlomnu; bion of typewritten letters. Apply lots or less were 25 cents a dozen (Cnnadian Press) 05d Eagp; l m. magi“ Canada. -. In w_ Guardian. L-93B-l-l8-3i. for A-lange, 23 for A-medlum, 21 Goydaye 20 ‘I -- ____ fol A-pnlela, 20 1-2-21 for B- Banks (Lose 300.1351, Bu. WANTED _ MAN ‘on FARM FOR. SALE WHITE WYANDOTTE large storage and 2020 1-2 for B- Cmmda Gr Bousq 6» wm-k and cunt“; we, Ernest P11111315 ‘mm “ppmved and 111°“ 111911111"! Swrfllew comma-u. 171 I _§1'_§ll5$15 H _,__,_,,_,,,,,_ 5. - = - 5-l-17-Zli. “SW1 swck- 141M115- Fmnk B~ Cheese was 14 1-2 cents for . ' " " m“ Gunner Gold 11° $11M“ HEz-glpgg" Jones’ Powmfl’ L907'1'17'31 western current receipts and 15 1 2 young“ t‘ % Hard Rmk no “ ii :7"""“il." iz - ova (3919, WANlbD A MAN T0 WORK 0N . for western summer makes. Royal 190 ‘Hnrker 12 a mm] Must have reyennce Dane FOR SALE SEVEUAL‘ CUOKING _ 1 Illyh Sar 1811f. ranges. two base bumels, small Hoping...- 13 .. mined. Oete of Gilagéialfliflad heater. Apply 88 Rochrord Street. y Home on no _.____ m“"'1"’1 ROUND TRIP BARGAIN FARES Homest g1; TENTION: MEN. jmvlvs 15 Vi: Saint John - All mu 5...; _vou1' opportunity today. e are ' culling all hard workers tn Dar- T0 [491 Jack W11 g loge our profits! No risk in selling . JMOIB 43 line of Z00 guaranteed home Pm" TO LET FRONT ROOM UNFUR- Je‘llC00 l3 ductsl Your pay depends 0n 81W"! nlshed. Apply 138 Hlllsboro 5t. e . ' _ J M Con 3 lune and etlort- 160 men 61"" . L9511-1-111-111 I-‘nolvl 111.1. STATIONS on PRINCE cnwmm ISLAND Kerr Add 19 high wages as act-ive retailers. so —~"'—" _ Kirk Hud 105 can you! Do you wanteilcluslve 510m: 'ro LET-CORNER. EIJS- 60mg; FRIDAY, JANUARY 28th, $1: Lake ley-l-"goyy rights? write a once W, and Qrlobar. APPLY 31111111113 Return From Boston 'l'uesduy February 1st. 1"“ r 11.1 u : r‘ il 00., 5'10 s1. - _ L-97tl-1-l9-3i ' ' ' Lake shore 521a ézgmgnfit gt‘, Mgamffgl. GFOOHY Llmll " New York, Wednesday. February 2nd._ Lam 00m 4 11-740-1-19-20-2-9. L‘) r I up“ 05d 1;: S! t CRA’ lUN PERMITS—( mportant) Lava can wllltfid Pllmlnre lhould be no nonunion u n fetter m DUPLICATI 71-91191 o" LQQT [N POST OFFICE, SIIIF- Iron: tlhelr hull manager. oleriyrnnn or gnvnrllllcnfi. olllgll, Leitch 55o wwm - m mm- m or non»:- Pw- PM» 1M :.::...'.:.:'.::.:: :.':".'...-::.'"..-.":l.:r.".:"lm..:";';:.-1t." .12.": .121 H1“- L 1 ... Rogers Hardware 00-. IM- . to the Office. Reward. 2 I m a] eon-flow lddreu of person to whom denllned. Th» 1m" lononla ‘Agata-nan a :L I b“ - - - i TPEIFIEE $31-$11?“W111:1h1n'§'Z'?"d§-.'1§|:.hZPfzTKKnFoZA-g Mwlgod 131 S d . 0:2‘; In Canada, requ r0 nnlbortn v led by u ma Mex“ g5 tmYe ' McKlnl K15 I work Wanted h Thll lcfln may nllo be unod when ro-onhrlng Cunnnln- 13 ____;__._.._.___i- | neuron rnldln In the vlclnlty of Ilnlllnm. Ynrmnufh all MCVHMB - GTIAYED - JANUARY 12th. ONI! —-i""'__—— ——-""i*"” Seine John one-m lpply to tom United gm" lmnnnnuu Mcwnwr. .35 female fox. Notify Harry Wood. yoUNG MAN DESIRES WORK eutiorltlu for purlnlt before lllvlng chm polntu. Mercury J3 5-119344741" on farm. Write F. Guardian. M," Qfl .07 l-2 ‘ s i w ted 1-"9'111'1'1°'3" r‘ - oer-mum under a Tickets good tn Min Corp fl of HALF FRI DAY COACHES ONLY Moneta. - - =————=g*—~;-———" s-m-‘l-B-‘L-i COMPETENT woman SEEKS "'1" "'1" A" ____-_ Morris 461-2 CALENDAR mo ADVERTISING emnlovmm BB P"°'1°“,‘.E“.‘.'“§_f: our 201m Tron-r mun Murphy 981-2 Specialty Ssleamnn for Prince houeekeellvf- Apply 969-1-19-31 Consult Nearest Ticket Agent For Further mformnflon. Nlyboh 39 Edward Inland. Excluaive wnl- Gunrdlnn- P; ‘ A H w AYS Nlnfn "0 tory. Highest ‘ ' 9w‘ w ORR CANADIAN NA‘ "JNAI R Norenfll 59 3'4 ‘mmedmwly’ m" “r m“ Mm" YOUNG MAN u’ Ln“: To gluing Use Canadian National Money Order; for Snfety and Normetn 1.05 Apply with reference; u: Box 621. for lndv who needs name. conmflcnce » Norgold .03 London. om. 1 to d0 anvthinsm C B” 111111“, _ -- - - 01mm us s. w. N-‘lll-l-lil-Ol. 1-9111- ' - m? Stocks Slip During Drab Mt ’l. Session . ‘Bank's Balance Sheet Reflects Satisfactory Your Business States Sydney G. Dobson. —Looks for Reu- sonably Good Conditions in 1938. -—Answers Alberta MONTREAL. Jun. l8 — (GP)- Prices duwdled along in today's stock market as most tradersview- ed drab proceedings from the side- lines. Early resistance oi’ base metalfi faded in late trade and_ Norandu sllppcd more than a point to 59 l-4. Papers did little 8.51110 from Price Brothers, which dipped 1-2 t0 l5. . Prices cracked in the construc- tion division and declines of frac- tion; to a. point- were marked up by Dominion Bridge, Steel oi Canada and Gypsum. . In rails. National Steel Cal‘ backtracked a point to 37 while Canadian Car eased narrowly. _ Total sales: 191,800‘ shares; 1n- dustllals 17,800; mines 174.000- bonds $200. FINANCE MON'I‘R.EAL|, Jan. 18 ~01»- Whezlt, ltorthern. Nu. 1 1.64 5-8; barley. Canadian wcetcrn No 3 .74 3-8: oats, feed, No. 1 .55 3-8; flour, spring ulhcnt patents, firsts 8.10; seconds 7.70; bakers 7.601 winter ufheat patents choice 415°- 4.60: white corn 4.20-4.30; bran. [on 39,35; shorts, ton 31.25; midd- linags, ton 68.25; rolled 0M5. bat; 80 lbs 8.15: lwy. No. 2. per ton. carlnts 10 50 Cheese western current 14 1-2: western summer l5 1-2. Butte!‘ N0- 1 32-32 1-2. Eggs in cantons: A-lurgfl 32: A- medilun 29; A-lurgc 30; A- med- ium 28a; A-pullets 26a; B-larie 25; B-medium 25. Potatoes‘: s. E. I. mts 90's 85- 90; N0. 1 mts 50's 50-52; N- B- N0. 1 mts 80's .7045; Que N0- 1 nuts 80's 60-152. Okalt-a 2-12 Olga .94 l-‘l Omega. ~33 Pacalta. J3 Pamour 3-35 Puyore ~14 Oro Plata -54 Parkman ~ ‘14 1'2 Paulore ~15 Paymnstcl- ~57 Perron 1-16 Pick crow 437° Pioneer 3-15 Powell 2-00 Prairie .32 Premier 1.95 Preston 1.17 Que Min 55-’ Read Au 4-20 Red Crest .32 Red Lake .26 Reno .42 Roche ~12 1'2 Royalltc 45 St Alum J2 1-2 San Ant. 1.37 Sllawkey .21 Sheep Cr 1.00 Sherrilt 1-60 Slscoc 3-19 Slacicn ' 1.00 Slave L ~31 Stada 23 Spy Hill .22 1-2 Straw L l3 Sud Bas 3-45 Sucl Cont. J4 Sullivan 1.04 Sylvan 3.10 Tack H 5-35 Texas 1~41 Toburn 2-75 Towngmac -55 Uchi 1-21 Ventures 7.10 Vulcan 1.16 Waite Am 1-90 Wendigo .15 W Turner J1 3-4 Wcstflunk 26 Wiltscy .04 3-4 Wood Cflfl ~37 Wri l-larg 7-517 Ymir ~25 cums $1 Coast Corp 3-00 Dnl Oil .67 3-4 Foothills 7O Hnd Buy ‘J6 1-2 K rk Tn .22 Oil Scl .03 Mwrobic .Ol 1-4 Pawnee, .02 Pond O1‘ 2.1.18 Ritchie .03 RObb MO .51 3-4 Tvmisk .19 1-4 llound Trip BARGAIN P159355 S U M M E R S I D E -Going- SATURDAY, JANUARY 29th Return Mom, Jan. 31st. LimH: ‘no From CHABLOTTETOWN Nomfionalebv L0!!! Fan: from 011m r/arinns Children q/ 111w UPHIHIH/d" Yu/zlw Year: o! age HALF FARE ' Ticket: Goad u: ' DA Y COACHES ONL Y hrfiurlhrr ln/armatmn Canndl any Tide! Agent A NADIAN NATIONR Hr nllwwnlu/ 1n (arm/m hnkhhwflllllllvfllhtfi Illlnmlem Critics. ‘Dhe expansion of foreign markets for Canadian wlzeat by reciprocal trade agreements and a truly na- lional-uppmacll to (he drought problem were urged by Mon-Ls W. Wilson, President and Managing Director, at the Sixty-ninth Annual Meeting of The Royal Bank of Canada. ntated M1". Wilson. The high level of national well-being reached by the phenomenal recovery of 1936 was maintained in 1987 and the activity in most lines of business compared not unfavourahly with the record your of 1929. A tragic exception to the general improvement was experienced in the Prairie Provinces; Obviously the need which exists is acute, the situation could not be handled by the Province. and the Federal Gov- em-ment is w be commended for halving shouldered the greater part of the burden. The immediate problems created by the nought. require emengency measures; but a situation has also been brought to a head which has been uhsatisfacwrw for years and requires treatment on a. na- tional basis. Large areas, ordinarily uncult- able for the punpoise. have been planted to gram. Under fav- ouralble weather conditions the crop from an area equal to that planted in recent years would furnish seri- ouns marketing problems. The efforts towards self-sufficiency in food supplies on the part of many countries. and particularlly Ger- many. France and Italy. have also narrowed the international market for wheat and flour to a point where total overseas sales of the four important non-European ex- porters have been reduced as fol- lows: Exports of Wheat and ‘Wheat Flour (Crop yealfl. Aug. 1 to July 31) Millions of Bushels ' ‘1923- 1928- 1933 4936 d937- 74 29 34 3H *38 Canada. 346 406 194 1'95 88 U. .5. . . . 180 154 29 nil 14 Argentina 1'73 222 147 162 80 Australia. 86 109 86 102 104 Total 4 .- Countries 735 ‘Broomllalls estimate of Decem- ber l5. 1937. It is a sad commentary that a large crop in Canada. unless ac- companied by cro failures in other countries. woud bring little more total remuneration to our fmmers as a whole than they have secured in the years of drought. 891 456 459 376 There was no single remedy to bring about _ilnproveme1rt. said Ml‘. Wilson. Dlverslfled agriculture. withdrawal of sub-marginal land from wheat. and more scientific methods would hellp. But these should be ccm-bined with excep- tional efforts on the part of the government to open the doors of foleign markets. so that when Canadian farmers again reapa good crop the wheat may be sold to ad- vnntlage. _1t 1s clear that the Prai- rle Provinces cannot solve problem alone. This is a task winch calls for prolonged. corms- tcnt and xvholehearted ecu-opera- i011. _ The best possible hope of secur- lngputlets for our grain and other agricultural pFOCIUCLS i..- through negotiations wit-h countries which B" MW szrcwmq; food crops at an exonbilant cost. I view with satisfaction the pres- ent tendency among democratic countries lo break down barriers Impending the natural flow of busi- hens. With the general statement that Canada should admit freely arficll-s not produced within tllc country there can be little basis for dit- ngreelnexlt. But I would go fur- ther and sn-y _l:hat mdnmd tariffs should be applied to articles which are made in Canada only on a ros- lrlcted and uneconomic scale. The problem is not simple. but studies undertaken by the Tariff Board to determine wl it conces- sions Should be mmlr- lo foreign countries in exchange for an im- portant madke-t for our stable com- modities. should receive the sup- nout and encouragement of exports fxaom the industries directly affect- e . IHINTNG The continued rrowhh of nlininlz had contributed materially to the general welfare of the country. said Mr. Wilson. During the past year. he said. production of gold. copper. nickel and zinc, has been Canada was a fortunate country between two and two and one-halfJ P_§_(}_E_ FIVE’ S Sixty-Ninth Annual Meeting lloyal Bank 0f Canada Expansion of Foreign Markets for Canadian Wheat Press- ing National Problem, Says Morris W. Wi|son.»-»-l’1'ges Reciprocal Trade Agreements to Secure Outlets for Staple Commodities. -—Dr0ught Problem Reviewed. for limes the lngll lcvcl of PYOdUCUOlf nllnnled ill i019 l1 n. o..1..nlv.z-rl that in‘l93_l the own-nun . of = lite mining uldlusirv 1U. “UJIS 11nd nlllflllléfi lmvc lx-un D1€l\\'(\ll and $250 mllliou. Ol S paid 1n dividend» by Curl. mnlee in 1937. onu-llllrzl | bv the mines. 3 FOREIGN AFFAIRS Tllt‘ lmblllllll union-J l;~ ,.lnu (lllllclllt ‘mu. oin- hints of the lrcnlenuclt. o‘. 1'1 peace winch is luu-nl an .111 IJJIIS of Europe. l know oi no Filll‘.-pl'hll country,’ ‘allure the 11111:.» 0i {in} pvcplc arr- .\_)'ill|l'¢L£llL'! . 1' illU aggressive < , 05210115 of 501'? of thcir lcadc-n. in UCSHPYQU‘. fifiUllUlllli‘ have created nuts» tear. cynic and llwspolrsibll: Ill2lll_\' . ship L! uuntbllzlg to kelp lhvn? 1111- C(Hi.wll'11<‘- bun are lzlvnvlr- power. Just. a1. llvc ]);~3,'cl10ln;z1cul l.l(.'|()l'.\' the suriuce. so Lllcr able economic furl: n1 wml Those of Uh who cunt luc ‘.0 its‘! llcpeiul bdal‘ our Dlllillllhlll llllfill who belief that idealism is not rl- .l<i and that it cannot be 1on1: bcl‘ re ecnnolnic recc-nsntrucnvn 11v won lho.\o ullo are most (in: bleatlling spoil. UNITED STATES One of the most lmportanlt quc-e (ions of the day Ls “whether the United State» is merclv uxperienc- ing an lnterrupliorx in the long helm trend of rmovcry or tvlactllcr the WllEEI has fumed full oilvle and the country is usuln facllw a. major depression. In my opinion, fundamental conditions now and in rho pericrl ln1znvcli:+t1-ly pxvwrsiiilrg the last depression are nor c0111- parablc. One would be tcnngied to say K111116111 lic-mtation tllnt llle present sctback l1» merely :1 iwn- porary recexion. were it not f-wr the unfortunate lack of co-opornh/m that exists between Gowrnnnc-nb and businese. It surely cannot be long béfvfO a. plan 101‘ pracllcall 1:0-l.,:1 ctlon between goverlunenl, lIKiU-wif)’ and. labor will be adopted. CONCLUSION: Vlfllcre the recent proqnu-vy the United Smtee llhb cc‘ I em mainly upon large eminent deficits, the cur mill: oovery took its orlgm trom ihlolgu nude. 1c- Wihhout doubt, proopcliiv buncd * 11.11011 world clvnmuzl lo cZn .111 pmduclc is more SCl1llillft' centu- llbflfid than innt pnecd upon Lltul- cit spending. Sixty p01‘ cent, ol our export“ go _1_u cowl-trio» Olllxl‘ llnlll the United states, and 01m unll a substantial dcelnlu l1. ' that counlry total Czlnni peril-y 51101110. be 011.5 affected. ring‘ stme upset ill lLl-Ylld-l . adlairs not p scnlly lllllltlln 1 — I expect 1o 5M1‘ an llllllltvtlJltlll from present lcvcl.» ill 1m- Unnld States, and a turtln-l‘ urn ~ - nomic l‘t2(‘»0llall'llfiil<lll in elgn countries. Ii‘ blun- p111 . on accurate forecast. “'0 czn lleve look fonvnrd 1o ful- stunttlal progrvss toward.» 11- covery in Canada. GENERAL DIANAGEIYS ADDRESS Ill reviewing mu gillllkll ance Snccl, Ml". 5.6-. 1.41 . C1111 nntnragcr, z . iacliull lo lfil nlclu... n. min...»- uuu l“ 11.11111 (l-Ewdl-a, .1 l.- tln: upward lrtlnl ll. loans llllU a grown". o: dollars n". Ru);- 1 * le.~s man inc yo Condnlon» in cult-nu 11.’. .. . lmpruulu (tin-lug un- pl Mi. Dawson, lll\ um- l..l .. 1.:- lng 1m.- (lruugln .1111». 1n ‘ween-hi Canada. Referring to ' -r lmnnnl lll nloelozi. Ml. up .lft lll llll-i ualltpxllgll ol nnnlly... .. 1011.. 11.1w 1x- l nnuu- ..l TLnUlll-llklll d}, . ...\ yel. Ltulllln inc H] 011C alllglt! lllhl . met or nonn- 1..\\l..:' _..l .1 . been ucprneu .01. n». 1.11m ul" n~ by tilts 11.11.»; llllllllyll ...1.1-.. certain 0i the . I\.\ l11t‘(‘.ll(l of hln- \1 1r. 1' tailing $16UiAl1u1L chants szlouoooo mvn and cilnlr p11 $5l.000.0t;(l. As n l1. of the exlcnl l0 ulnl-n say we hnd loan» on 61.000 bor1'0\\'vr.~. “n. to the bank (ml m»: each. In COIlCIIIrlPll. .\lr. l)1;b.\.1l 5.116 that. a pmfnnhlv ftihll‘ l ~r humid-ks was clcnrlv roffr-clod in lin- flanks own bn-lnxlcc sllrcl for i937. PROPER GRADING where. Prince Street POULTRY 1 We are buying live and dressed poullnv daily. PROMPT R ET URNS Write for our new prices before shipping else- cnlm Pllcnzns Lmnrn Charlottetown, P. E. I. yL-Qlb-l-IS) i