.-¢-pO~¥?V(lv- ciusr s. 11934 ‘ Air's s 1G"“‘o general Decline 0.. New'Mt’l., Stock Yap-k» Stock, Exchange u, lrodcrlck Gardner. Associated "u. Financial Writer) . qgdlgn’: Special Win) (At-Igwnflrgax, Aug. o-Weakness h "u, undermined confidence in we“ slmyday and the market ‘I 3d momentum on a decline, ‘wit; the fact that liquidation n. not nem- world-wide strellli-h 1-11 W119" md on," grains again went un- noticed in security markets, as far u “using sympathetic movement m concerned. ‘september wheat in Chicago sold [Q $1.05 a bushel on a rise of about two cents a bushel. Other grains my; fractionaily to more than two, gents. Small crop yields were ef-' fective in causing further advances in Liverpool and other foreign grain markets In the smk market, however, |ma1l crops worked the other way [n contributing to liquidation in railroad shares on the assumption smaller hauls of farm products would aggravate problems of the sanders. Union Pacific fell more than points to a new 1934 low at 98% and Santa Fe and Pennsylvania followed into new low ground for the year. Losses of 1 to 2 points were general in the rail list. Traders made o. bearish argu- rnent out of summaries of Juno railroad earnings, indicating an in- crease of more than 10 percent in operating expenses of the rail- roads a gain oi less than 2 percent in gross revenues. The trend of corporate profits disclosed in recent second quarter earnings statements also was stressed in connection with fur- ther selling in motors. Chrysler sold at a new low around 31, oif l 5-8 net. As the selling movements spread chemicals, utilities. metals and other groups yielded the greater part of the rally gains scored earlier in the week. Losses of 1 to a points were record at the finish for such issues es American Sugar Refilling. Allied Chemical, Air Re- duction, Du Pont. J. I Case, Inter- national Harvested, American Telephone, Public Service of New Jersey and U. S. Smeltlng. Turnover in the two-hour ses- llOfi totalled 303,790 shares com- pared with 468.900 last Saturday. The Standard Statistics Co. aver- age for 90 stocks dropped 1-4 points to 69.3. The buoyancy of the grain mar- ket turned attention to other com- modities. Cotton milled 30 to 55 cents a bale in advance of the government's crop estimate, due next week. Bar silver rose 1-4 of [cent to 4'! cents an ounce, the highest price since December, 1929. However, inflation talk was dis- couraged by a rally in the dollar after its dip yesterday on a flurry oi selling, said to have come main- ly from Paris. Domestic govern- ment bonds were fairly steady, al- though second-grade corporate bonds were somewhat soggy in keeping with the stock market. The stock market apparently de- rived little inspiration from the in- itisl address of President Roose- velt on his return to the Pacific official statement, ed. as the view of the Uni‘ed States Government was given offici lly by the state department in Fe ruary last when the following commun- iqrgfl yvsshissued by thaotboffioe and re ri e House rn here by Prime Minister‘??? a” above that of the corresponding period last. year. And no explan- ation for liquidation in motors could be found in Grams weekly "Port on motor production, show- inB output declined less than a 4 thousand units this week and that ""11 demand was satisfactory considering seasonal tendencies to. ward recessio l, . 518115 0f expansion in steel and other industries which curtailed 0Perations"in recent weeks, "how- ever, were still absent. Appraisal o1 the effects of drought losses upon autumn business continued to make for hesitation in financial quarters. lllilliE IRIEPiiRl NUT iiFFlBlAl IS BELIEF. steel (‘o o... ca...“ n (C P. By Guardian's Special Wire) OTTAWA, Aug. 4 — Dominion Government officials do not believe the reports from Washington yes- $61118)’. respecting the attitude of the United States to possibilities of a reciprocal trade treaty with 0811111111. give a correct picture oi the situation so far as the Domin- ion is concerned. The despatch stated that‘ Canada was one of the potentially good customer nations removed from the list of those countries with which United States might enter info im- mediate trade negotiations. The reason given was that Canada would first have to compose po- litical differences on the question 01 recll-‘IKEWY. and that economic barriers also constituted a. barrier. No question of political difficult- ies entered into the picture, it was stated here by high authorities. Obviously, it was stated, the gov- eminent in Canada acts for the Dominion just as the government of the United states acts for that country. ‘The despatch was clearly not an B‘; Bennett: "Irade between the United States and Canada is larger in normal times than that between any other countries in the world. and it is natural that both countries should desire to restore the reciprocal flow of commodities to normal propor- tions. We hope to be in a posi ion at an early date to take steps looking t0 the completion ot a trade agreement with Canada which will further the interests of both coun- tries. We b41119 1o bring into pracfi- cal application the ‘good neighbor’ policy between these two great countries which have so much in g, common." So far as the Dominion Govern- ~ ment is aware that statement st ll coast. In fact, heaviness in utilities represents the attitude of the was ascribed in part to his com-i United states Government‘ ments on federal power develop- merits. Weakness in Santa Fe shares contrasted with a report that the roads traffic last week held well Constructed chiefly of metal and operated by a five horsepower mot- or, a robot, elephant has been con- structed in Paris for advertising and amusement purposes. L444 ‘xx A Advertising Rates-Payable in Advance par word; Announcements and Coming Events, to. pzr wordi (livelih- ie- oer word: In llemorlun Notices. 70a. per Inelll Lil" vi "M11 I11! Central Guardian locals, do. per vvordr Western and Eastern locals, h g A Spiritual Offerings, Ciu-dl, ole , 4o. per name; Letters of Condolence, 10c. oer inch; Notices of Thank: and Appreciation. 70o. per inch or 6e. i" word. Other n! u on application. Minimum CIIIIII for my ‘vortlluneuo twenty-fin routs. gm‘; A A ‘n; ‘:7 IATli-lo per word. three lnnr- ilonu for the prlea 0f two, llrlotly Payable in alums-e. For Sale CARDBOARD SUITABLE FOB v lining outhouses. e_tc., 1c per sheet. Guardian Office. tf. r—_—~-— thousand. Apply (ll-I. Kiely, Cove- head Road. L-BZTI-B-i-Si. FOR. SALE—50 ACRES 0F CHOICE clear land, excellent soil. Ideal situation, only 3 miles from Char- iottetown via Hillsborough bridge. An A-l beach for shore frontaflfl- Apply B. care Guardian. L-8255-8-3-3i. Wlaa Nosa GUARDS FOB horses. s. L. Hardy a Co.. Char- lottetown. L-8251-8-3-3i. FOB SALE — AUCTION FOBTY- Five. Bridge and Whist Score Cards. Guardian Central Job Printery. Nov. 1-tf. 10R SALE-GOOD worm IIOBSE. Bound. quiet. Will work anywhere. J. J. Hughes, Shamrock. a‘ "111 SALE - 1% nonsn rowan Electric Motor. Apply Mrs. Beni. Rodd. Brackley. L-B299-8-4-3i. 10B sALn-A roan LIGHT pe- iivcrv u. l bargain and in A-1 condition. Call 'I‘hos. Michael's store or Phone 1107. L-8200 roa sALs - AUCTION roars- Yive. Bridge and Whist Scorn Cards. Guardian Central Joli Printers. . Nov. i-tf. F0! sALr: _ m Mines mom Charlottetown. 100 acres choice land. New house of ten rooms. Bessie Stewart, southport. n. a. 1. L-UM-B-S-SL Ion sALa - an. .i; BY giiimiie EXDress with foal at foot Y the Great Axworthy. Also four year old Gelding same dam by wffrTriffiifi-iirfccscnl 126 Roehford St. _’*’ “"1 ‘Worthy. Apply w. n. v. "b". Charlottetown. 14-8236-8-3-31. WLNTED—3 YOUNG LADIES for circulation work in large Pub- lishing Co. Apply '1—8 P. M. Ml‘- Mcoue. The Regent Hillel. L-8295-B-4-3i. To Let TO LET—BEAUTIFUL HEATED apartment, gmufld floor. 110E611‘ sicn Oct. 1st. Apply o5 Upper Prince. 11-3375 L-aasa-s-a-ai. __A T0 LET - snvnu aoorr APART- ment house. Central located. Phone 1583-13. L-EOO-B-4-3i. Miscellaneous BABY GIRL O MONTH! (CATH- olicl can be adopted. write B. V. care Guardian. _ L-BQ57-F-3-31» Female Help WantedT WANTED - A CAPABLE HOUSE- ): . A 1 Box 40. Albany- eep" pp y 11-8306-8-6-21. , A l in person t0 ai housework PM’ L42,“ Help fllyanitfi _ ram-no - "C" "G MAI c. , i" -2' .~ . ‘ilinlw’ 1" c?- ~ t-r any? - ~, Exchange l i ‘.“IUQILIOII furnished 'by Johlnlnl on of the loungi- Ioutrul Curb III- d Street, Charlotte- n |ilnii Gold M es GRAIN soaring of ginin prices Sslursdy ac- imuiediste incentive purchase orders came of abnormal dearth of moisture cur- tailing in n big way the yieirl of com lu the Unlteil State. and of wheat in Canada. world grain trade ap- peared to have suddenly commenced to take notice of drastic changes in the supply and demand situation re- sulting from persistent drought. and beat throughout vast areas Wbent closed strong, yesterday's finish, Sept new oats 15f. tn ‘Vi. advanced. and provisions. unchanged to a rise of 3 ts d6‘) u’ ‘ u‘ w” M wnm; Oct ooig; Dec nix-ls: May ‘it Oct 42%: Dec 52%A; Barley-v on szli: Dec can. m A. $91.11: No 2 nor §%: .\'n 3 nor feed 661,5; Truck S8 fl. Oats: N0 21' W’ 41%: Nn 3 (‘ W %; Ex 1 feed and no Barlcy- No a l.‘ w s2 . w 48%: .\o a c w 4.1m; lfllh Low . . . . .. 104 maul .4 23:5.‘ S l) ._ . .\fny .. 43% WINNIPEG, Aug t-Wbent futures prices inoveri buoyanty u ward in to- day's short session on t e Winnipeg of Uunaillnu wheat. were sold for ex- thc close, vnlues were to 111,’ cents higher. Selling flint entered the continual stream was easily absorber]. the advances with- out difficulty. Prices were run up to the highest levels in the current life of the options in December future showing most flllll cusloru interests expou and local strongly nbr-nd throughout of uenriy two cents were i\1rked up ill one period. Anni nus bullish, all wnriri markets slend- ll' pushing to higher levels. Liverpool continued world lu the drive upward. Hliug IO- Chlcsgo also moved with the gaining more than two cents nl one period today. _ Exporters reported all offerings hsd good sales being reported in h t lain ‘it to $5 fknsilinncni) guglns were established rt of the session ger- ornlly the msrkot was qulle active n s good volume of operations. seldom lucked support. easily assimil- Atlng the heavy selling. some offer- ings were believed to come from the governmnt agency. Activity in coarse grains was reported. all grains moving high- er in sympathy with when. session vvss one of the busiest Sat- urday markets in some time. Currencies XIONTREAIIIHMIK s-rne round de- i r-v. PR o»v¢E Cnuullai Pulp)" ' ‘ - MONTE! 4. All] 5-llllllf IIII \ j _A gran cuanlnotrr‘ ' GUARDIAN BQND . kET GOSSIP cheese were, rsctiouslly lower. in. rice market int woo . _ Butter was quoted .st.10_.to 10% cents rpouud for fresh no. 1 1a rur- lots -or lesl. down .15 cont from" the tailed. 21,007 ‘boxer . boxes the week befor cheese was D%.to_9‘!k cents f-pound. n" "l"- dovvn 15 cont. Arrivals totalled 38 ing week lsat year. tn 22 cents a dozen for A-large, 20 to week before. ‘ were generally quoted It 50 cents per 80 pound bag "l (Canadian Press) MONTREAL, Aug ~4- Wbret nor no 2 94. Barley C W no 3-58. Oats i! W no 2 4i). Oats C W no 3 47. Oats feed no 1 4B. $6 Flour seconds l5 d0. Flour bakers $5.30. Flour bit - .80 s 4. , Bran tgu u w 1 so Shorts ton 5% Z5 Rolled oats bug 00 lbs $3.10. {in no _2 PerJmi curios, 315.00. Lheese Ont col 10% 1° 10%, ~ Butter no! 1D 10 . ~ ' _ (causal-n run) . ‘MONTREAL. ‘Aug F-Bvritish and _ yreisn exchange in relation to m, fsnadian dollar us. Compiled by. m; Royal Bunk- of Canada. closed today as followsz- - v Argentina peso .2540. ' Aulirsllai hound 3.0412. Austria schilllng .1881. Belgium belgA 2311. - Bulgaria lev 01%. , . “MM 11am: Kongdoilars ans. ‘Zl-‘i. - . - [Tnitrrl States dollar i»; “m... 5'11"‘ discount. , ' C . m M?“ YORK. Aux 5—--\‘t‘erling ex- °“ 1 ii 04 z low and close 5.04%. France C." Pa‘; ' 3 5 . . . » » _ l Case Tnresh uda11ié1li_.l;3>8]o6vl. lruguay 81.05, Can Com o" _ Brew (‘mp ‘Pfd Brit Amer Oil (‘an Burl Brew .. (‘an liinlt .. .. Wright Harg n00 800 llntll I-Iar nt Ni k l (Csnadiun Proms) [m] T r Toronto and Montreal-industrial John. M“, stocks narrowly lower. commodity tnflgkete closed _ Jew 'ork— snsdi d ll 1-10 , ' i u. rm 13-10. m o n up 111i‘:- " "wv Mont ‘Vard ew Haven Penn Rail (C. P. by Guardian's Special Wire) QUEBIXD‘, Aug. 4—Coni’usion _in sccony Vac distribution of nelief following the _ recent dedsion of the Dominion “m” 1"" L. A. Taschenau of Quebec. Jlnd.‘ ou r." istration on tn..- decision of Prime "m" “i” Minister R. B. Bennett to with- United 1'41"» draw from the tri-partite relief 1101M 11M substituting lump sum plymefifdil‘:"gt”£i1" Warner Bros on their need. w. m Premier ‘Pechereau concluded tho statement with the following surn- minl unrflflioottuwc. decision, I of confusion in-the distribution of i vllnod nn lionironl currency exchang- it mode during the latter p lsr continued to ins I'm-iii" "5119 '1" v ma? r rent at $4115 18-3’!- "nl m. :<._.,':.-<"rlu'=l.rr rim-lined 1-821 n; m" pen-ant discount (ygm: was fllQllI)‘ a) NEW mun, Aug .$—!~1terlinI and ofmlief lilaed rieporto lie had quit are wn- , . iei-euoo duo to dissatisfaction with in- which he stated he had ‘.;:e plan and included in the stave- 'be_en ub.e to remain in Ottawa a‘ q I _---__-_----;-_--~_I_ _ = _ y“ and first Mr. Bennett. ' ' - ‘w m sci. vn- err-irom go‘!- . hart previously informed him the "r\~ "raw-i At 15,0414. off 1? . - - Hm " ‘~ lonmayeorpectadecreese ‘ n min-arr ‘”‘nul>- single a reurinm of l . ...--.o.._-.--¢1z-:+Qa1,; . ‘f en the Montreal produce and . Ill‘! .1157 3'15"“! l“ ‘"11"- 511*“ l k . . . . .. - win) .4 ~IOINING IABKIT Lat-ran ‘v ‘- _ m . NEW YORK- Zrlfelrzuirrouieirli 201112.111 rggbffflpouged "mile! wlrlvit relifldlr ‘P1111 111a for solids Ind 2r 10-22 cents a'poudd '111'>\111'I" under Iweinl omelm n a for prints. Receipt; for the week to- "I111!- 0! i110 170°! It“; 35's“ report of Chrysler. '_ , stocks. however, OILUHIhQQ“ "ma". onuflo ML general y nominal-and volume small. orezl was priced st 10% i010!‘ cents ‘£11111! $111" 1;! 1'11; 431?}: 11"" 1F“ . Dn_og¢ ' awuneseu eosr p u d l" “In n!“ Quebec The reason for this ac- utches from Paris ap- at the printing of the s as explained in the 3m cording to den boxes as compared with ffdAliiFboxos V'"¢‘1»l° 3'9 -' the previouq week. Expat-is for the 1111'“ t°fl1ncli° week totalled 13,082 boxes against 11"" 1" 11" "will"? ‘"5 23,160 boxes in the preceding week “'1' i119" ‘I “m aml 20.1138 bore; in thcwrorrespond- "M9111"! '1"! m ther devaluation Egg prices were unchanged. graded ‘The 4W1‘ 7|‘ "ch"?- chipnients in cnrlots or len being 21 11am“ '° 11"” marker. except possibly to-suelsln it 30% "M, f” A medium’ m“ m 19.111 the fact ‘of the weakness in the rents for B and 18 tn 181,5 cents for C. 1m1'°"“'t “"7"” 3'°“P~ Arrivals for the week wereSKiS cases :14‘: not‘ advance i f i 11h‘ 8,132. ' 011 5 w 7Q 5 1°17‘- n emu" ‘on w ‘can! n“ The action of the market so fsr 0“ '1" “m” """"°" “"' ‘1,‘f,"‘°°,f, 1111's“; 111111133. ‘}§-§1§si:."ii“§§§m§"i'§ her inflationary de- I ht lead up to fur- 40 Bonds 01138 Llidlsw and Company, ' . NEW YORK. N Y Aug 4—1\'ational Sugar Pfd Co. purchased a cargo of Cuban ‘Spot Sugar at 1.80 cents, up lpoint; from int. spot esle and new 1118b price for past four years. _ United ‘Drug inc, June quarter net profit equal to 12 cents a share ag- ainst 3i cents in preceding year. - Fox Film Corp. and subs 20 weeks eadednlune 30 net. profit equal to 49 cents a share on combined class A Fulani’ spring wheat. patents first! "fgugswfafli-Mines reports stock of oil, decreased 1811.000 barrels oiihninereueeclil 2, k - 1 vv e gaso no uoc s decreased Winter wheat patents choice l4 U. 91.000 bnnll . Sun OilvCo. calls outstanding 5 Wlfeirtdjobientllve bo H ' .‘ at. an nterelt from Sept. 1st. h Mun“ m“ 13'” President Roosevelt, in apex]; .1 of?‘ 11 Y. Stock so: Ca ’ gExchang (Quotations ‘tarnished by Johan-n i and Ward. Ionbon of the Montreal lltoeh rlxéhaliga mud Montreal Curb Iarkel. lld Iichwrd Street Chur- ) Denmark krone. 2 C11“ 13111111. 1 Frnnrrfranc M60. . PFC“ 11:21:’ (‘ermany ei 11' k‘ Q ' ‘ '1' 1 .t. great Britginc rniianlirtrl 43951412,‘ Am R13 glefiffld “K011i?” ,¢,.%'°"' Am m“ Tel-h. lridia yup” 37;; ' Am Toh B “Aly 11m. 415,45 . . Altehlsou ., .1951“ yen “R434 Anucondr Cop . bow Zeaiand pound 3,951o_ 'g:ft\ll’fl0.cAl1t0 Jorwny km ' _ .. " ° golsnd zisumumz. ~ < , girl“ 111v ~ - ouih Afrl ‘ri- 4 _' ' ‘Swgden n.5,?" pggiléi 4 D H Bendix. Aviation Su-ltzerisnrl fmnr T4215. Bet Ste“ '~ Stocks ‘ Acme Ull .. Ajax Oil All Fae charge steady. Great Britain high ca“ 111’! Gill Ale I Chic North m‘ .. , - Chrysler .\fnt 112E193}; _ . - Colum ("Ar-b ,, B 519,515 , llcnr . 17 air,- Miss Bftbjo Rrauiinu Braloriie -~——' Co (Johmvton And Ward) Col: 531"“ Fleck- . Opened Lani Con‘ on Abitihi rm Con, ,.,,,;,-- -' 11"" . - Del Hud ' Brew For; (‘om g I Dupohl‘ ' liuff (‘an ,_ Bunk Hill (‘.11 and Erlin .. (‘tin .\ial (‘em Pat Phem Res (‘hlhmlg (‘ieriey (‘oluiunrio (‘omni Pete . Uouinrum Eirlnradn llnme .. . (imls Lake Ehstinnn Kodak Elec Auto Lite Co . Elev Pow Light Dist Song .. '_, Qfjfihm Dom Eng Works .. Gen Foods- Green Ktabcll en Mom" 1'1"’ 011 - Gold Dust 1111i‘ 7°11 i0‘: ‘WW4 Goodrich Rub 11111 1'" ">16 35% floodyenr Rub Meir-her, A i2 1'.’ Graham Paige sci-arm was 4on0 Great ivespsuglii- Walkci- Good 2i 24 Hudson Mo; (lrnhnm B (irnniuln (Gr-relic (iruii .. iiunuar . n linl Swny .. .. Harkrr . llolliugor l-lnwey g Kirk (‘nus 1, .1 .\| mm .. Lamnque .. . Kirk Lake . , i. Shore Lee (inld ... L L Luv .. .fnu East Afnonssn .\ln|v ln-nf .\ir1(enzie .\lr.\1ill:i|\ . WcVILtle . .\lc\\'stlers “off Hall Ken- Cop I Toronto ltl||es—Ste d . ' | ' New York-‘Sfock; nclgised lower‘ "38"" My"! B q _ v Loewrincorp .. winnlpfg-W bent rinsed 1% to H‘. Log” Wu" B)‘ ieu \or-k——lottnn higher; other yrcggupm-t 1-1“ Mufhleson .Alk . ~ Nash Mot Yfstl . Bis . . .\_at.l Dair-y Prod all] . Light Pow new York Cea bovtlr Amer . North Pa: .. Park Mot .. I Pack Mot . .. Pub Ser N J . Phillipa Pet . Pullman (‘o Radio Corp Radio Keith 0..."; g-Og lwon Steel ._ Government is foreseen by Premier- 581:3‘: GE:'“|§1.',, _ Tonight. following a. cabinet 5.';;;11¢~(}i'1=rn=r ' meeting, the veteran Liberal Prem- Tex 3.71s..." ier issued a lengthy statement put- Tim Roll no» .. “n; form the View; o‘ m‘ “mu-h Union (‘Arb (‘Aria , United Aim-rift system‘ in force for some years. a l“ ‘*1 to the various poovineesxbased up- "111110111111 451cc! Bros fear, owing to cause A great aw Nuturemltrs-lflyed I '..i§.’.iri£.... p usin t . relief. 1n» . Dominion Government rfinaii,,“gy‘i,’;;fi,j,‘gflfl,"q;g"fli_ will-probably reduce its allocations. m- ‘oo-d m!“ m 192-,‘ J1me municipalities are at the end roftheirflinanclal tethera and the province cannot do everything el- one. As-a result of the conference and the attitude of Ottawa. the- would Alvlornurv Asnm- Uil Hnitnc Iiretr. Tr I'm: Kirk (‘en .\fAn Hon .\Inu Vliftfln . Colmlr . llalhmrsio llnm i-lxpl E Europe excellent grain cro 101103111: bis evens in l Ilfliig Bubsia largo cro 05a record crops , [on " c , night, follow- ing the fi-ét day oi the confernce, 11ml ilny Kirk 'i‘o\vn . L Moron Libel _. ., . Miilvnlilr- . ... .\inurl_v . . .\lcLeo<l ... r ‘ "~ Jr exp! mast ‘Al; ‘"19’. ‘M . In‘ u" w" cud w u Nordcn .0; ..',- Qijdik... Bonneville Dam in Oregan lays the various government power projects are being created for the purpose of determining whether the public paying the proper price for the elec- tricity of our limes. J. C. Penny 0G,, 1 six months nc._ June 30 net profit $0,008,430 After charges equal after dividend require- ments on ti. percent pfd to $2.50 a c mun share against $3.448_5lil or :63? a common share in first. half U.’ S. Rubber Co. six mouths end- ed June 30 net profit $211585 nfter cblrgea against net loss .149.30-i in first half 1031i. Net profit on plantat- ions not included in statement of U. S. Rubber- C0,, approximately $100,- 000 after charges against net loss $156,000. llilh Low Lllf Oli 3|‘ IIJII .,_ 9108 Bus‘: 99.14 0 73 20 K011! 35.73 35.30 35 $1 0 33 20 Lil] 232-1 20.12 £040 026 lllgh Low Lnlt Up o o7 Dow Janos. BANON SAYS MONTREAL, Que, Aug 4»inf1at- {pussy talk and actual weakness iu the dollar in foreign exchanges failed to stir the market yesterday. Prices in gencrul fluctuated iii n uar- rnw range and volume dwindled to ~ili.’r,lll0 shares. Drying up of volume as fractional selling developed yesterday is eu- couraglng and suggests that some further recovery will likely occur. (in the whnlc. however, market action is not conclusively bullish and trmiern inillht therefore raoutinuu tn mninuiiu stop loss order-s uniier the lows of July 30 on stocks recently acquired. Bnnon. Practically four out of five business men across the country believe lhnt business will improve between July and the end of tho year. according to finnl returns from the National Statistical survey of business nt- iiiudes-D. J. MINING [Canadian Prone) TORONTO, Aug 5—Til(! advance of the price of bar silver in New York to the best level in nenNy five years revived interest in ti: Great Bear Luke shares in Saturday's short session (if the Toronto Exchinge and these clus- ed higher. The general tone of the {dining division suffered somewhat r om general market. siuggisbness liliil ibe pro-holiday indifference, losses showing a narrow margin over gains at the close. The exchange will bc closed on Monday, civic hnlidny, and will resume trnding on Tuesday. The big gold groutmwns steady iu slow trniliug, Bralorile, linkc Shore Pioneer. lifrlntyre and Took Hughes all closing unchanged while lloiuc was up 25 cents and Wright Hui-greuves nml liolllnger down 5 to l0 omits Little Long Lao was the fsuiurc uf the newer gold group. closing at im- ST mark for s giiiu of 20 vents. Gods Luke held on to n ii~cout gain flI\i| liunnar Gold absorbed heavy profit- taklng to close 11 rents down n! 21D. The low point for the session wns 201i. Sylvnnite registered an nil- vance of l) rents. Siscne 3. Aiuvnssn L‘ Ilmvey 3, Conlarum ii nnii oilluruurio 21/’. (Canadian Press) TORONTO. Aug 5~ - Pnyrnnster .. Pct i‘nlv Pioneer Prrmior _ Pick (‘vow . ltenri Aulh . San Ant Snrnln .. Siu-rrilt Sisen" . . South Tih St Auth Sud iiiisl Null (‘out . Sylvnnite . Sullivan Tee-k ilugh Thorns (‘mi Tnwaguvar Ventures . ‘Vnln \\' 1V ,., Waite Amu Wsysirlo . . White Eng ‘Tilt Pong Total sale; 311000 UNLIFTFZII (‘rest I Montreal Stock Exchange during Saturdays brief session, gains and losses being about evenly divided at trading period and changes were “re and death and rescue 5110-118 1-11‘! the story of Carlo, who was not 8 Newfoundland doe. Sturdy 111111 111‘ telligent he was.‘ 1111a the r951 o5 the breed. and 1115i 115 much a‘ home in the water as ii- 568-1- H5 lived yam-S ago rrr a. Neyvfoundlagd coastal village. 1115 1111mm‘ a £15 | erman. treacherous ladle 1115i b°1°w m" surface. In calm weather, seme- mmci OM10 would 5W1lTi out to ‘the Wei Bu; when the wind was wh1s.- 1mg along the coast and the break- ers were roorlnil 01/61" 111° 1' e9‘ we.“ gar-p, stayed ashore. And so did the fisherman for the reefs nqighbcrhocd was a dangerous spot in a blow. the steamer Ethcy struck thegrefie She was coming (101111 1mm 3 Harbor in Labrador with 93 1131' sons aboard when a hurricane tral?‘ lied her on a lee shore. There Wfii nothing her crew could do exceri watch helplessly as she drove to. ward shore and finally 111W the reef with a grinding 51118-111 111*“ Timed away half her bottom.‘ . __ Ashme‘ ghgy saw the uTeck. vmeugtheypounding madly Q11 fi. saw-toothed rocks. and saw ih. "lllfciiboats battered to matchwoodi as ‘he "ciew tried to lou-cr them .11- ‘ if’ ibetjituffg 25113153111: a commutation on the 113515 05 118W i0 .4 W 1 1 . m before the \~€§gdn1 qipn-di three and a half percent would rr-iriu s - ~ ‘ -‘ ' off the reef and plunged to tho bottom with her 93 lives. thvi could do nothing; to eel e 51111111 boat into that sea would have been suicide. (C.P. By Guardian's specie.‘ Wire) MONTREAL, Aug. 5 — Traders were in a state of lethargy on the the close. Less than 5,500 shares changed hands in the two-hour mainly of a minor fractional na- ture. The equipment group, including Canadian Car. common and pre- ferred and National Steel Car. which engaged in a flurry of activ- ity and strength during the week. did not make an B-DPQ-flflmcfi 111 board 16:5. Consolidated smelting. which recovered from the 10W 01 119 suffered in the recent slump arid 501d up to 140 in the middle part of the week was quiet and steady at .140. Ogilvie Flour broke shalliflil’ 111 185, a decline of 12 13011115 from PAGE FIVE QUOTATIONS I I Little Activity Marks Sgt. '1‘ Session Montreal Market its last board lot sale. Brazilian ‘rraction was up 3-8 at 9, the level it‘ reached in the early » Fnday begom it began to credo in the latter part of the 1911- Dominion ‘Ilextiie seine 1 1-9 u. a1. st. Inwrence cox-amigo was up five cents at 1.86. CH1 I Cement, cockshutt PWW. 1301111111" Steel and Coal "a". Shewihisw Power and Power 0011101111“ we" fractions higher. - » - Both Alcohol issues suffered loss- es, the "A" stock dcclinine 1r! 1111 1 3-4 and the "B" stock eesifls 3-11 at 7. Other issues to decline frac- tionally were Bruck Silk. Illifiml‘ tlonal Nickel. Cilnflliifl-Il Pacific. 1M Montreal Power. Massey Harris at 4. McColl Pron- tcnac at 1a 1-4 and rroiunger M 18.35 were 1131i lsunchariseijl, 1mm tbel former eve . series 5.474 shares; bonds $4.401: bogRescues 93 Souls When Ship Wrecked In 56116 iBy The Canadian Press) s1‘. JOHN'S. Nfld.. Aus- 4*- Stories of thrlling exploits are sprinkled plentifully through 1119 annals of Newfoundlands seafar- ing life-stories of hlImB-Xl advent‘ rugged 0065i. Perhaps. 311011811- 1n this history of a dar-ng race there is no more adventurous tale tiwm human at all. , Carlo was a dog. a big. black Qgfshor-e was Razorback Reef, 8' 1t was on just such a Cay 11151- shore. It was only 11 wit" °r 1,00 yards b0 the ship. 11119 1t “wk h“: an hour and l5 minutes to ma jt. through-the 10-foot‘ waves. Almost overcome with exhaus- tion. be was reddlmi! b"? "e111? when a roller washed him into the arms or the men aboard theshlP- They put a rope in his mouth. 811d he set out for shore. 1n less than two minutes. 1111111 1-119 M11111’? hind him. Carlo was ashore. his teeth clamped on the rope 11th i1 death 1519- _ . The fishermen pulled in the llrlfl and the heavy howser attached t0 1r, and then they T188911 i113 a breeches buoy. One by ‘met m” trapped per50i1S rode to‘ shore through the breakers. Twell-y 111111‘ utes after the last was safe 011411114 the Ethey slipped 0'11 111° 1°?‘ and sank. V ,_ Newfoundland hailed Carlo a5 H: hero. Taken to the M41581. 11¢ w“ honored by the passage 0! 11 5P5“ ial law giving hirn freedom for tho rest of his life from wear-us 11- muzzle and 131°V1d1118 1°? 1115303“! should he become ill. Latoi». the Philadelphia Life Saving hermit presented him with a medal, en‘ gran-d with the significanbnum-t ber-“QS . " ...: ; BUYING our LORD. NELSON LONDON, July 31—ThE GOVETD- merit is to buy out the £5,000 51/980 pension granted ill P911191 .119! Liord Nelson and his heirs a5 9: 7°" ward for- the victory of ‘Irafalgiif Rockets proved of 110 1111111- "W31 lirecious times had 111155911 “'h°“| hi. f c r10. 1-10 was iiofiTlicrégbtfioflifi thg begch with the, “father of the House of Lords." fishermen. and when 1115 111351?‘ pginted to the stricken ship _ he. plunged wi-‘hout hesitation mtr into tho surf. Waves, lashed to iurv by i110 B1 no, in 1805. ‘ ‘ The present Earl Nelson is the fourth holder oi the title. ‘W Since the great admiral fell the [country has paid to the holders 0f the earldcm £650,000 less tilXo 11nd have to be paid. The present earl has received £105,000 since he succeeded to tho title in 1913, l-le has returned £500 each year for three years as a, con- tribution to the nation's financial iifiicultics. _ 'I'he former earl, who was tho hold thc title from 1835, and drew £390,000 from L119 lflXllaYeri The present Lord Nelsonds ac< tually a descendant of the Trafal- gar hero's brother-the first Nelson mile howlcr, threw him hark 011i had no ch‘ldr2u—ihe Rev. William the beach five timcs. On ihc 55141511 ’ attempt. he stayed in the snrolici" of icum. and soon the watciirrs saw his black head 11051111111! 011w Nelson. s. Protestant clergyman. l-l-r lives a secluded life. The Nelson pension is the last of its kind and has frequently..beci1 dis ussezi in the House of Com- mons. ' > x 1I('_‘!3(1\"S sharp enough . ‘glug can be madsnby a new cairrcrn. xvoigliiirg only five- ouucos and small enough to be hold. wliiiin the palm of a irand. uicksvs. uicuotso’ y Blacklst __» .—»- ‘v-jzaucaarr‘ ‘rli-lilrrvr