‘ _ ~_ THE CHARvLOTTl2',r0Wl§J (:UAR|1|A¢\ i PAGE “NE \ asv 181.1931- _ _ . A . ;EsTERD ’s sfro D Bo DQ o rw( n , y . 7yyTq9AH; 4 A 1 " " ' ' ails; 4"; ,.| #_ .I , ' _“__ __ _ _ W J( V V ‘ _ _l_xm 1 , h' 'f ,, New Y0|'k 1 77l€'MOHtf8Gl sms aosxnsr i sugars; 21181813131# MONTREAL Pnrllfc Grain ... . : my ol llontreal ... _ un 0( hovu iacotin .-_ _ _ leli"i‘elepi\uue J. --- mnnh Cnlunililn Power' m 'Products _._ _ ... 20 iuiullus Cement d .us un an. 4»~ na :mn Il ‘iialtlng _._ 1.. ... :__ 'fat uiu . Tlnmlian Illlrtlinn :snsriinn l'0\\'er and Paper ._ Bank ot Commerce Bronze ~ til Cnr and nun ry .. 531111:: lndustrlal Alrolml ._ Cnosolidntell Huielters _._ Dominion Bridge _._ ppmlnion 'l‘nr und Lheullcal ._ 41-|-,mr (X111. ... General Steel Wares . _ Home Oil _ . . _ .. ... _._ international Petroleum ... _ _ [mperlal Oil .__ _._ .__, . ilsasey Harris ... ___ _ uucoil Frontenac iioattesl l_. H. and Power Sationnl liruwerlrs ... National Steel For ... .__ _ _ Noraniln ._ .. poo-gr Forporntlnn _ Price Ilrothnrs ~. _ _ Quchro Power _ 11,15-nlllnnk ,... _ _ _ _ _ ilinwinignu _._ .__ . _ ___ _qlmnn :ind Sous .__ ._ _ _ot lof (`un;|\Iu “xl of t‘nnp¢iu l'i‘ll. ... _ \'i|,,|i\.¢-g Electric . _ Nl'i\\' YORK tlloghnny linerii-un i‘an iiinouinla _ ._ iientlix Aviation Canadian Pacific lt-r ._ s 'fhfyl ‘unsoiidaied Gus *... Fnnniierciul i<0l\'ents _ _ _ Zinmluion Storrs .__ llectriv l’0\\'er and Light .__ rnx Filnis . _ . _ .. .__ _._ ... leaerni Asphalt ... ... __. _._ le\_er|\i Motors _._ ._. ... _._ loodyear __ ... luteruutinulll llyelro l-llfrelrlu .. international Harvester ... ... (wperott Popper ... _._ .__ lantgovuery Ward ... ._~ iiagura liudsou Power ... _ Fsrnluuunt Publix ... .__ 'mick and Ford _._ .__ _._ _*nor and Co. B .__ _ _ _ _ lsdiu _._ ..» .__ ... liars lloe|»n<-it ... ... ltanrlsrtl iiil of New Jersey Merlin: h'et~uriiies A .__ .__ ell lter _ _ .__ ... ._ itull ri ._ ._ Y. S, Slerl .__ __. _ lansrllum .__ ___ _ (rllow ’l`r-.wk __ iirsrsifioii Trustee Shares ._ 'All liouey .__ ___ _._ 1 __ 200 .ll-l 140 msn _ lfili. 'nigh Arnerlrun Oli ___ 101./1 i ..`-1% .. .io _ i __ 31 “Wi 12 _. .sol ‘ ... 212 _._ YI __ 12% __ 2% :ii ... 31! ._ 10% ___ 1 ... 4 _._ '12 ._ 11% 12 4’/.1 12% ...-52% csv, 22% 411% :iv/. :il ..‘_':is‘.§ 411,; toy, 1. J: E7- Ii0‘.(\ 1-1 l/4 ___- B'/5 . _ . 11111,; 25% 171'! 27 ll) 02% s. 12% ... 201/s _ _ _ 411,52 .__ 111% »». 21% . _ . 40% -_ _ 311]; 2'! .fl 10% 101,41, - _ 20% new worlds record hy running for il-I __ 10% ,__ ‘_»sl<_,i coiuplishnient has attracted visits from _ __ 34% 'I _._ 171/; N't\,§ li-'i sw .n ,s A("1`l\'E BOND PRICES * `.0RI‘01\_\'l'l0N BECUBITI ES: ililtilil _ '__ 500 48. 1053 lell Trl _ _ 500 1057 105. S C l'o\\‘ _. ii'/1 pc 1000 102.. 1047 00.50 101.( 1041 50.50 02. ) _ 50 mm" itnl ln issued common stork. For pur- lilh pc li pu 4% pu 1044 07. Can l`rn\ _. fsn Strain , T 1’ R _ __~ UP ll _ -__ ~ll/,pc 'l P li . ._ _Gpc Gut l'0w ._ ppc/lil *#01 uit vuw ._ tips 1041 xv: llrm C M Co 5’/g pe llnnt Pow _ _'ive llont Pow . bpc 1070 Moa Train _ (ips Ili!-ll 100 lion ’l’rnui ,_ lipo 1lii\'i 04 Sli li 10.51 104 llon Trnnl . 1% pl: 10 Stl. Que l'u\v ._ 5|io lil it illid lliiaiv l’o\v , U10 jot l.'u|t Sorur _ 105;: 5 iw 6‘,§| lic DOMIN 10N 01" (`AN¢\l)A ou_in_is:i'ar_v noxms ____, 5 pc 1000 5 llc 1055 _ 4|/1 pc 10.14 ~l\/3 pc 1050 ...nt-....1 inf-ing = Di'/.'I.’/_2'I.27.’l.2|'i =========¢= E.. _ 1'/1 vu 10.11 101 ioi. 10;: 105,10 107. 107.00 10.-. 101.00 1011. 107.00 4% [ic .lliiill 4% pc 1'_l55 _ _ 5 pu 1054 _ _ fl Dc 1000 D DC 1000 - 5 pc 1070 104'! 102. 105. 100. 1lIT.0i 100.00 101. 101.00 l0l .U0 103. .Trl 00 15 1 1064 10-L50 106.00 M! _. ii?-Ili... 3 rliarges. Plan rarriea for five. years from _:so 100.12 00 100.50 .50 102.00 1100 014.00 100.00 51| .25 ill) r l 103. 103. 104. 108. ))0.\llNl0N 01" _(,‘_\NAl|A Il0Nl)i1 flux a.\i:nrr issues) illv __ ._ 01-11.10211 10i_r».'\ i04.‘_r_ _ 101.05 '/_iw m~¢i.1us1 111.195 i'.~.1u~ ... Nov1,l0:l:l 'lic ._ ._ .__ !ilur1,lii:i`! ‘l‘.\ XAULE ISSUES) -E-S';I'E‘ 6 -- 3 = a <3? :__- _-1! l_\ll_KE'l‘ RE\’lB\V F011 MAY 10,' Ill l.\t%l‘1€\' I|.\l\1l_Il!x lt. is understood that the manage 1.12 __ _ Nuvl l0_‘i'-‘- 102.05 103 105.10 1.00 102.10 105.53 100 i~.‘uv1§10;s1 104,10 - set-¢1.1u10 10 or-t1n,101u _ oe11s,1o41 10 1.05 102 f.. 1-*et11,10.m 101.-zu 101;. ._ ._ ouu,10u0 04.50 00 qxauxhxmdntasaxsa . ,,,_ i Ani m°"f "f \ll\He.\‘~llarrls tfonipuny cg- Am Devin to disrmiiniie manufacturing op~\J\u\ erntiunu on the first 0( .luly for the Ain m""' mn- °""9l‘f l‘\"'\l=l\ll¥ 'lv-\° soino`Anu llilnur linen, as it is l-cllcveil that in- Anil ilentnrles new on hmnl will bu ;p,n'{t- llttlt c ent to take cure of |irol»:|l1|¢ 1|;-y|m,"|s “mf “WY \\\~'9\“l'l in the next few months. At the close nt the lout flscnl year inventories nniountvil to just un- ’l'olu\t: _.|22 ()l\lt\ ._ 58 ‘1“"'e“5§‘\ 0)' $l0.0iiil,000 \\'llhln the Dear. \\ hlle the dm-lsion may lie |-;_g,,|-,|. nfl ln some iluurtcrs as sonie\\‘h'\t dras- tc and ur.fi1\'oruhle, fi-uni the con. structive utnutlrulnt tt, “ill ¢_““\,\,, ¢h.__ ¢0\1\i>aI»y_ur»\d\u\lly to reliuuu its sem ll\\'l¢e iu\enlorieu ami reuize on wlntt |lreu4~nt rondltlmis have a te|nlc|n'_v to develop into "!r01.en" assets, null in this respect in-_-urly num-ui-u thu iiuuul uliuution. lt. is uxpet-:eil that the cloa- lug."»r1 i_<}f`u'1 'U 1109. ~ 78% -~ Cs § + _ ss \\` V or-ks ' " 29 Bell Telephone ~ ’- _it so ns....~ '“ 'Ki ¥lruzll‘lnn ._ " Il t? .l'ou-er. A ~‘ 'l¢1_t‘ Bronze Com V-il'/J (‘u|| (‘nl' l“\‘ly _ 5914 -is 5*"/1 “ 'lin Fan Pemtlit- ._ ut-tn sm-I ._ 44 |-14 4:4'/,, 410;, ~- vm, 1-em pm _ l-lrimzs .. ._ I2'/_i1‘-‘iii 12 12 - M. C 1'".-ine New C 1' G Ale - 40'/ll In - vm-kssut i~iu'u- ‘ 1 ~ ‘i S11 ‘T f\l ' ‘| 1 -L_ U dur $22,010,000 which mu: uni 1,_~_-...:lui-f_;:d3f§|.1"I 510.1 '8“\"I"‘;?i;i§`_~+ 1/fi ‘r»'f»"'n_5\1:iu:m-Q" vuryu stu 10|/,|101/,|1n1,4, 10\/_|- ¢;,,,,|, vol' vin-h . . 00-/.»f00\4.| 00 ,00 '+ ‘A nn Nu-kui Cul li Elec ., 21)'/tsl 20|), £824! 23% - 14| M Hllrrll ..' Col Graph _- Fi'/44! 3% P"/it 5%-‘/L llc-Front _.1 _ Cons (las ... 0t£’Y|l 02%. 0'.’l&| 02% -- ‘Yi Mont Power- ,_ 1'0": vnu r»1u|m1t_| mai w'/=- 1/_ sur ine.-_.in Porn Pro 0-iflll 041/B tliiiitl 6-'l'§{_ -1% NM meg] C" E l ilnpout _ S2 |52 8|-'ii 8lM`- Vs ltr-in Brom __ nieu A-1. (-0 »|1%ll imi- I'llt‘u.r 3 |8151 101% -10 8*/1| 1107# 50 51.50 2?, triliuiloir of 10 p_c. of earnings remain-, 5| .00 00 85.50 10‘.’.2l1 104.00 Sllllw l'oW _ 4'/1 pc 1 DT.. 1 .00 106.50 M - ._ ~ curb arse: "5 08.75 l 108.25 10`.’.`l§ 102.00 10.1.10 10s.a\ days, 5 hours, consecutively, which nc- soine of the mast noted oil men in var- ious parts oi’ the world. Bulk termin- als on the Unnxitlinn Atlantic cnasst are now in operation null fir:-it shipment occurred on opening of St. Lawrence navigation. Operation of these termin- nis should ellect aiihstantial saving in transportation costa. Respecting trade rslntonnhips a conservative policy is pursued in accounts receivable. and ‘lnst, year every ncrount_ good or doubtful. carried a reserve set up against lt, llr. Irwin stated. - Ma|\a¢omo|\t’l participation plan- This proponal_ providing reward tor the benefits of directors and officers who have eontrlhuted to the eoinpauy's our-_ ceaa in a special degree. was nnnni-,~ niousiv npprovrd. Phu-_ provides for dis- y ,U ing after dominating ll '1.c. on outrtnnd- \ lug honda, il pm. Aon preferred stock, and il pr- on average amount invested cap- polel of' the plan net income will be amount shown hefora bond inirrest. de- preciation, had debts, and lnvome Tax February lst, 1931. The Montreal 7h (Special to Johnston R Ward) Stocks 0n€n|HigliiLowiLast 00 Abnnu .__ 9 I W nriusu Ani 0|i .. 10% 10% 10% 10-is 10 10 01/.. 01/.. __ . iii I l "0 Dis Corp-Bea _ __ \ 50 Home (lil ... 60 60 55 56 ~_».-, lluperlal Oil _ ._ 12 il2‘/it T3 V5 ln Tobae il -2': ltll. I'lllll|PB A ...I 30'/yl Norrintln __ __ ‘_’!l I2!! Slat-oo ._ \\'alkor, lllroni - ____._.__-_---- \1’RINUE OF WALES ) ENJOYED BRAZILIAN COFFEE .50 -__- ip __ .9 int vm-uieuui . .. 1|1,=,|11\,l, 11\/.i 11% . ,is | 1 all 'i CORONEL PROQOPIO, Parana, Brazil, May 15.-(U_P.)--Brazilian 5" codec made a hit with the Prince of .Wales on his recent trip into the -li’ Brazilian interior. He drank 14 small cups of coilee ~°° on the journey between Sao Paulo isnt. cones plantation ot the Col- 1‘ and Cambsra wherehe visited the Second Lawyer: No; but I have Qt his uuu cum ..i 21'/.4 zum ma, 2.14,- U G 1inpiiii‘30‘2iil’a\20"/¢-- 514 U s 1 situ .tools suv, :lou 110%- at U s steel ..\i0;:-11,1020, 10104, 101% -21/. vuu ste¢i_ -11141 41u| -toni ifliyu- 1,0 \\ nru B Lo _ v\ \ \ _‘sl iveut Elec ..\ o'.’~iu\ 02%; 01%| oi_\,q|- \\`ool Co . _‘_ 00 | 60 l 1k‘i'i'oi 0B‘7al" \\'ortii I' . .1 57 i or | 56%! - \` T Coach _i i le rf 1 #$$s# MCRAE IS RUMORED AS SENATE LEADER VANCOUVER, May 17.-The Van- couver Sun in its news columns to- day says: "General A. D. McRae., according to latest suggestions from Ottawa might become a senator and again guide the election organization of av.- tlvitles oiythe Conservative .Party in the Dominion. General McRae would secure the Senate seat, according to the rumors, by Senator George M. Barnard vacating his post to become Lieutenant-Governor of British Cio~. umbia. This would also place the lead ership of the party in the upper House on General McRae. “Party leaders here are being sound ed out, it ls aiilrmed in Conservative circles. and the reaction is generally favorable, it is stated. “Barring some such arrangement General McRae might have to walt some time for a. vacancy, and high priests oi the party at Ottawa are keen to keep the successful organiz- er ln harness. “Senator Barnard is a native son of Victoria, B. C., who was elected to Ottawa in 1908 and again in lull. getting his appointment to the Sen- ate in 1917. His brother, Sir Frallk istlllman Bamard, was Lieutenant il _ ___________.__.__-- First Lawyer: why do you feel vw! client will lose his case? Have you exhausted evefy means W- exhausted all the means I disposal. I _ onel Antonio Barbosa. ` i 1t’s time to Re-Rooi-- See your “Brantford” dealer lla will show you rooting- iraatnisata ot impressive beauty. He will toll you that Brantford, Roofs ara ilro-resistant; that "NY cost loss to bay, lass to lay and nothing for repairs. . a wana in 1 _ . - 001° ot aiu' n»l'»‘1'1'lf:1-:1h°1i:li'§°1\ lg; 1>i\‘ I » nut uuituus to your type uf homo and its aorroundinol. H will Ihllly !8l|;lil o how to have a Brantforilloof laid alma _ " . ,. -1-u-all-_ '€'»°,'.u.’_°1.“s'\.°'»2.._`1',°°u‘i ' save .tina and nooq. it ' r, nfuuuqa cmim cu. mains ` an mr" t noun ouawak. it. a. ME W lmillatgaifali hh. ll. I; i ` .ii Brantford 1~f,- -1' . P I il __ 1; . ’°'"i°l\ s cinuain-, Lands, cimistuuwu. rum a rsunpuu, Linnea, Muutsgusg ‘ _ A. E. Tonlloa, Boproasnistivo, 8 Kent Street, Charlottetown For Sslb By Governor from lill4 to 1919. _ 1 1. dm 1 i i V l 1 1 1 r YUU ov:/N WAR on VICTORY BONDS Read this . _ .if is Important/..»~` ,,~ _yy 198 ‘ you bought them-why did you buy them ? You bought them to help Canada, and because you felt that they would _bc a good investment _ . _ You lent Canada your money and _ . _ _ _Canada has kept faith with you! You have received your interest with unfailing regu- larity, and have seen the market value of your Bonds remain almost constant-yes, actually increase. Y_ou know now that there is no better secur- ity than a Dominion of Canada Bond. The- time has come to renew your investment by converting your Bonds into Bonds of the 1931 Loan; and so enioy your care»free, peace-of-mind 'investment for another fifteen and possibly twenty-live years. That, briefly, is the opportunity presented to you in this Conversion Loan. __ You might say, Why doesn’t the Government wait until my Bonds mature and let me con- vert them then? To do so would not be good business or sound financing. Every country must plan ahead. And that is what your country is doing in offering this exchange now. No new money is being asked for. Remember, you receive the interest (with tax exemption, if any) that you have been getting on your present Bonds until the date of their maturity. After that, you get income at the attractive rate of 4%% per annum for at least fifteen or maybe twenty-five years. But there’s another and an urgent reason for converting now. The success of this Loan should give a needed impetus to business. It will let Car, dians in particular and the world in gf ..n\i`_ see that our faith 'in Canada is unshaken and that the credit of Canada is as high as ever. I f $250 000 000 but the Minister of Finance A i s 1 `\ i 'b I _§ 1 rf' .' i 1 - 1 , l ' l ' ~"\\~ ,_ _ l 4 `l>f I .I ' _ A 1 1" r 1 i i < 1 Conversion applications are invited to a tota 0 , , , the ri ht to increase or decrease this amount. Subscription lists will be closed on J reserves g or before 23rd Ma , 1951. Boadholders who wish to avail themselves of this opportunity Y for re-investment should therefore act without delay. Bonds ofthe following issues are exchangeable for Bonds of the 1931 Con version Loan: WarI.om,......__.._......_......._.5% due lst October, 1951 Renewal Lom..._.._......._._._...\ 5}{% due lstNovember, 1932 l _ _ __ Victoryboan due 1stNovember, 1955 H Victory Loan ...__................._.5}{% due lst November, 1954 Your Bond Dealer, Broker or Bader will arrange /or lbs conversion of your Bands unrbout expense to yon. DOMINION OF CANADA 1931 Conversion Loan ` Purim.: L, mono _f fi. mum »f1=i~»~, oem, cma l ~ l I, _ 1_1. r ' “Es I* 1 I _ , r I _ l