MARKQL GOSSIP Cede Aaaoetatelreeaa gum-us" rlter h M 7'" W air lo Central and Santa h‘ did file-emu and on: "“""°“' lashing income of 41,11: l £97 l 7M1‘ Ito, was up,aaerly TCK AND 126N115 Q ousnnmn 'M°"t1’¢4l The Montreal theeandidateatiaemaeiveawillbe wltaesseatoGodbwork. Kers- mindedthemtoleedacbrietian PAGE NINE -—__ _._______. U0 TA T101v§ other Antipodesn ports, for Mon- tresl. The Canadian Spinner will reach [Canadais Ships Busy NW opium Stock Market‘ _ Quotations Stocks Curb Market -@_.__ (Cnladlnn Press llfl. ll"!- lllllllll “We In weak." no Grace “lndifweeepmaseuwnmn budywculeraii but God As Empire. Convenes MONTREAL, July lit-As delegat-lBritlsh West indies, ll well as Vancouver Monday with cargo tek- en from Mbntreai, via the I‘ ama Canal. ' The Canadian Winner will leavt . I several preferred t kl advanced‘ High ImvCloae g spa the smfl," was welrdla. 4% ctlon came early in t e af- Can, wésefileil°$l°“nil"i'=iiit"i'fifi'-“ ‘n, but was soon checks and American Tobacco'B_ llle g, ( ...-u -.*.-.':'.:.::a~".: 122:"... . t t ove - op one .- ngqfuglalns of 1 to 2 point‘! M rnilian ... n “fifzm-l...’ eye on the executive's ‘mu asked equality of op- ' ‘with other forms.’ of trans- m, rather than government gqnral carrier aharcl, took an - In the more active group “mug Norfolk and Western, ,2", ‘pd Hudson, New York 111 "Ill Sacrament through chm; h" "n" "=10 "I the casual-w. "1"" ""1 be may times when m "l." 5° WW! but if we remain 1 77110 to our vows which we have a,‘ 1111M to the Holy rather sod per. 1 s "Vere we shall win. remembering 0* 20.-so at’ P"“1'7 Wvfds. "I can do all W118‘ thruush Christ which llflheneth me." s‘ The Archbishop said he has con- flfmvd over 300.000 Persons. Some m" 5°" 7711B. in their word and P79111159! to God others have not. But His Grace said viewing those V7101! he has confirmed and whose words have been kept he has seen the Power of God and they have 37°"! "P l0 be loyal christian; 81111- "BPtcied citizens. Others the Archbishop stated have not kept their vows. They 7111" Promised but like the nations before the war signing a. peggg WHEY. one nation called it a "scrap °7 Piper" but the others not so, It is a. matter of truth, keeping V0111‘ Promises. loyalty and persev- erance. We are proud or our Church and its noble heritage but beat of all in its works for the cause ofchris- tianlty. Some will try and (m- rupt you in your faith and seek to 7111116 you call your Confirmation 5 "5<>711»P 0f paper." But you have Promised before this congregation. i0 mo. and to Almighty God, the Supreme Judge, to try with the aid of the Gilt of the Holy Ghost to persevere. Be a good christian and loyal. Addressing the congregation" tbs Primate reminded them 0f the coming confrence at Ottawa and that they pray constantly for its success, that it may be a means of ea arrive and the British lhllllrofpassengerl. conference opens at Ottawa, ships; The Lady Drake visits the lesser of the Canadian National Bteam-nintilies, southbound for BrltLsh ships fleet, all flying the trlangul- Guiana with Canadian passengers ar flag of Canada's merchant mar- _and cargo. inc, will beappropriately busycarry-f The Lady Nelson, flag ship of the ing the slightly increased cargoesfC. N. S. fleet and named after and r enge 15st; that have si-iBrltaina famous admiral, proceeds ready resulted from improved liltXB-ll to Halifax from saint John and col-i Empire understanding. ‘lects Canaden. passengers and can, The ports visited by these can-igo for Bermuda and the British,‘ adian National ships embrace thrwflst Indivi- British West Indies, Canada's At- The SB. Connector leaves Belize, lantic and Pacific Harbors, Australisicflpital oi British Honduras. Thflrs- ; annuany by the m5}, m, 5mm w and New Zeaiand, Following arviday for Jamaica to connect wlthismn Brita“, L; equwalm to - some of the movements of Canada's Canada-West lndes liners and|paymem o, “DQ110000” by m,‘ ship, bgtwggn British ports g0;- ths ireighters. country, if taxable capacity is tel:- week m” marks ‘he “mung o! The YYUEhWI-tfliisti‘ Cvmwflili-ien into consideration, has not been 907179791"! arrives at British Guiana Wedncs- allowed m go unchauange‘; Th9 Lady 3mm? 79597195 597158!’ from Montreal and leaves Sat- An authoritative analysis torfghi ""11" “"41? "d W Biihflmaei-Ilrday to thread her Way emons shows £0,000,000 out cf £5,000,000 Saturday. with many pussenzers and the British islands bound for Que- a... 13nd annuities m, appfarlna B‘ heavy “I” 1mm Mbntreal‘ ‘bec- in the Free Stale budget, and only The Lady 50111618 NBCIIES BBI- The freighter-cruiser Chomedy chargable thereto if tenant-purchas- muda Tuesday and leaves the next-leave; 351115;; mesday and Bcr- crs default on their paymenissimil- dly for Montreal with pflssenserl-muda Saturday, bound for the east- arly o, further £600,000 is payable to and British grown fruits and veget- em gfoup o; the grmsh we,“ 1n- the 3mm, local 10am mud‘ and ables from the British West Indies. d‘es. represents money advanced to 10w T719 Lid)’ HBWRW! leaves 'I‘rln- The Canadian Challenger is due authorltigs. . ‘dad Mmday t” m“ at Less" M‘ i" Mmtmal wednesdfly 170m Alli- The net burden on the Free Stflll tllies ports during the week, bound trails. and New Zealand with n good budget, accm-dgng w m5 Analysis- ‘°7_ $1111" 301111- N- B» ""11 films verse <1! Antlpodeoo Products. is only £1,400,000 most of which a fruzts, rice, coffee and other pro- The Canadian Conqueror will covered by British pensions to judg- ducls of the eastern group ofthe spend the week steaming across the es, civil servants and the Royal Pacific, en route from Montreal via Irish (gongigbulary, No 1955 than 51,. Panama Canal to Australia and New 000,000 15 returned 1,0 pgngjonefl aiding our pre world problems. Zealand with Canadian manulact- resident 1n the pm, 5mg,’ whq. The Primate concluded by giving ured goods and other material for another £200,000 is paid by Great His Blessing upon the candidates. consumption in the distant British Britain to Irish war veterans and The service concluded by the 13°1111711°115- £250,000 to retired army men. Eirimate bestowing the Apostolic '1'he Canadian Constructor will, blessing upon the congregation and approach Panama, Montreal-bound the singing of the Recessions] from Australia and New Zealand. Hymn, 624. The Canadian Highlander will The music for the service was spend the week taking cargo at played by Miss Rose Fairchiid-A Dunedin, Adelaide, Melbourne and | Brlt'sh Columbia ports a esday | bound for Montreal, via the Panama I Canal. Auo Breweries . ... Batllurst B .- - Besubarnoia A Canadian Press) B . , ' Hill: bow Close . p054 so go Can Dredge Dock 121,5 Canada Melt ... ... Domnlon Btcrel . .. Imperial Oil ... Imp Tobacco ... Int Petroleum i-a-a 96 9% 12% 1 Ireland Annuities Equal To 300,000,000 Pounds LONDON, July 20. -— (Canadian Press Cable)—-A statement by Prea- -ident Eamon De Valera that ,£5,000,000 in land annuities payablz M 12% 12 wnAr ran: s-rocrr rrsanvngagp. 5 -- N uh f s . no. start.’ 3171:3511’ ’”‘ ‘ Stocks unchanged .. Total issues traded Lske Rhore 4M Mon 80 85 Siscoe Mines Walker, Hiram , Walker, H Pfd L Paoi ie P I . - Cons Min Smelt Dryden Paper Dom Glass Do Steel Coal B so‘ Dom Textile ... Gen 8 Wares .. ... Gypsum ... ... Hun Bridge ...'..4 lnt Nickel .. .. Lake of Woods Lindsay Co Pfd Massey Harrie lifcColl-Front Mont Power Nat Breweries . Mont Pow 3% deb . Nat Steel Car .. ' Power Corp ... r Quebec Power .. ... Shnwlnignn .. Rher \Viiiis|:nn .. ..- South (‘an Pow‘ ... Steel of Cnnnvla ... S of Canada Pdf .. ‘mums Commerce .. ... . Montreal Nova Scotia Royal Canadian Can't. Bond Quotations ‘A ‘Montreal Market , $iil9|i§hl$ (Canadian Press) An lln, ‘. u tendency by several of the leaders provided the local market with a firm appearance in today's aes- Lg sion of trading, with sentiment on the local street encouraged by a steady nlnrket in Wall Street, The bet- terment in sentiment which was so much in evidence in ast week's mar- ket, continued nppnrent on the local street with high hopes centered in the conference now getting under we! st Ottawa. News from the west the mutter of the growing crop cen- tlnued highly encouraging and nll in all there appeared on the horizon n number of imminent developments which could set the Dominion well on the road to recovery. While it was readily apparent to all that Canada could not go far without an improve- ment In world conditions definite stabilization of world affairs find ibis country in a remarkably strong position to take full advent- aga of the turn. (Cnnedlnn Press) ' MONTREAL, July Zib-Tbe Montreal stock market maintained a firm un- dertone throughout today's trade and closed with s strong t0ne_ several is- sues making gains or recovering early losses in the last few minutes. Prices also received some impetus from fa- vorable Wall Street advices. Banks continued their reaction to yesterday a adverse dividend announcements, Among pivotal issues Montreal Power was V, hgber at 31% in ac- tive trade and Shnwinignn Power was up $5 at 181,4, International Nickel held steady at 0%, while Brazilian Traction was off 14 at 0%, after aeli- ing at it moat of the day. Canadian Pacific Railway after “ _ 12% in the day closed unchanged 1A. Consolidated Bmelters made a spec- tacular advance to 651A, up 8 points. Dominion Bridge was 21.5 higher at 16, showing sentiment favorably im- pressed by the dividend action yel- terday. A greater reduction had been expected by some. Other prices included: Canada Cem- ent Common, unchanged st 4%, and the preferred also unchanged at 30. Dominion Glass lost Ii to 40, fltcel of Canada up M, to 15M, Canadlxin Bronze, off n point to 12, Most other issues were unchanged. In the hanlrlmr section Bunk of Montreal lost 281.5 points at 170. Among the bonds Montreal Power debentures closed at 39% up 5t. The Victory Loan of 10:1: sold at $101.25 and the Conversion Loiln, 1940-1056 at 01. , '1' tel sales were 8,058 shares and . 00 bonds, The pound sterling closed at 84.1070 and United States dollars at a prem- . lum of 15M; per cent. MONTREAL, July QIP-(By the Can- nrllsn Presal-The Montreal Stork Exchange today announced that, ef- fective tomorrow, the “peggsd" or minimum price would be removed from the ommon stock of Ogilvle Milling Company. The stock, which has been pegged at 185 since the de- parture o Great Britain from the gold standard last September, has been selling "over the counter" at approximately 85 to 90, near which figures trading is likely to take place tomorrow on the exchange. The stock rarely appears on the hoard, Three issues still remain pegged, Price Brothers Common and Preferred and Ottawa Light, Heat and Power. Confirmation Service 'At Georgetown On Sunday evening, Hla Grace The Most Reverend Clarendon Lamb Worrell, D. D., D. C. It, Lord Archbishop of this Diocese and Pri- mate of all Canada visited the par- ish church ol the Holy Trinity and bestowed the solemn rile of Con- firmation upon the candidates. The Rev. Canon 1:. Malone, M. A., of 8t. Peter's Cathedral, Charlotte- town and Priest-in-eharge of the church at Georgetown presented the candidates to Bis Grace for the laying on of hands. The lesson was read by Capt. T. l". Kelly, C. A., reeldent-in-charla of the church who also the newly confirmed for the re- calving of the Solemn Rite. The service opened with the Pro- ceaeional Hymn of "Faith of Our Fathers" and then directly to the Confirmation service as contained in the Book of Common Prayer. Bis Grace addressed the newly confirmed on the meaning of the Baaament. That the Ch carried out the Apostle'e teachings ascontained in the 8th chapter of the Acts 0f the Apfltlea beginning at the 5th verse and in the 19th chapter of the same book at the first vereaonward and in the 5th “'7 vhssterormelsulotomonss- finalgulbent-wvlth .a|x can report fey the a 8 lnlaria leaving on vii!‘ day, July £- (Canadian Press) (Clnndlnn Press) Canada 51,4414 Canada 534-3‘! Canada 535-40 (‘nnsrln Dn of Canada‘ Do of (‘nnndn (‘an Nat llys (‘on Nnt liys (‘an Nut llys (‘nu Nnt live 5-00 . .. Do (‘an Nnt Ear" 5-36 Do Can Nat Ber 5-41 High Low Close 411/; 48V; 41% w» i 7% 74% 4 ll d chqmlcnl . .. | |l‘1||| . "slit Rf: Bonds no of Do of Do of Do of 98 New 1w. Curls ._..___._ Miscellaneous __€._. (Canadian Press) Stocks High Low Close Amer Cyanamlrl B . 2% Al: Super Power .. 1%, 1% H50 Asao Gus Eleo A .. 7| 1 Cnn Marconi ... 11-10 Cities Service Co 21,4 (‘ord Corp .. .. 2% Filer: Bond Share 6% 7 28% 2i) 1 3% 0% 8% 12551254 1% 5% 5% ii n iriephnne .- (‘npper . .. . r! Cu . no‘ leilic .. ... _ clflc l'fll as one _ \\'n n1 . . . . . _ (Canadian Irena) " , MONTREAL, July Elk-Barley Can- adian western no, 8 ,46; oats Canad- ian western no. 3 .30; oats eed, no. 1‘ .87; flour. spring wheat patents. flrsta 4.70; flour_ seconds 4,10; flour, bakers 4,00; flour, winter wheat pat- ents, choice 2.50-2.00; flour, white corn 4.80; brln_ ton 18.25; shorts, ton 10,25; lniddlinga, ton 28.25; rolled call, bag 00 lbs, 2.60; bay no. 2, per ton, car lots 10.00; cheese Ont. .0055- Mléfi; cheese, Que. 0936-. 5Q; butter, no. 1 finest .18; eggs, fresh specials in cartons .28: eggs, fresh extras in cartons 20; eggs, fresh firsts in car- tona -. potatoes, new no. 1 Vir- ginia, bbl, 8.50; potatoes, new no. l Montreal, 80 lb. hag J5; potatoes, old New Brunswick green mountains, 80 lb. bag .60. I n. Ford Motor Co Gulf Oil Corp .. 20 Stand Oll Indians . , L'n Lt Power A 23f 2' ‘The Chinese Government has contracted with a. German group for the erection of a $20,000,000 iron and steel plant in Anhul Pm- vlnce. Mining Stocks (Canadian Press) TORONTO, July 20—llil1llll (‘OI¢)— it Sales Stock High Low Close .12 .1255 .0244 . aalea I Co .. ... Gull Sulphur .. sooan NEW YORK, July Zil-Raw sugar was steady today and slightly more active with salsa of duty frees at 8.10 Busi- ness included 18,000 bags Philippines nearby, 20,050 bags of Porto Rico: and 46,000 be a of C-"vie for August sblipmsnt to oral av ura at this r l7 99- % Final prices were net 1 point hlgb- er to 1 lower with sales 0f-20,000 tons. July closed st_.01, September 1.00, December 1.01, January 1,08, lfarcb 1.06, May 1,12, July 1.11. Refined withdrawals against old contracts were heavy owing to warm weather, but no new business was re- ported at the unchanged levels of 4.10 to 4,l5c for fine granulated, pending upon seller. 5050B Holllnger - 1500 Bugalnnc .. 100 Bose Metals . 2700 Bldgood . .- 100 l! C Pioneer . 500 Cnlmont . 300 Castle-Tr . 3000 Clerlcy .. .- 000 Comwealth . . 8300 Dome . 100 l-“hrldge a 3000 (lrnnndn . 400 llollinger 700 Homestead - 3400 llovvey i500 Keeley .. . 4000 Kirk Luke 035 Lake Shore . 4800 Macassn 2000 Mulsrtic e 1000 McIntyre . S00 lilin Corp 1000 lloff Hull 700M011: .. .. .. 100 Nipiaslng . 2870 Nnrnndn 200 léortb Can ed Corp rd Gas lmx Qlrei 18% d?“ 21 2G 12% 12 uvlh 1'0 . i‘ Pump ... ... I Grain Marilzet (Cunarfun Press) BONDED “UIEAT , Iilgilllilli, July 20-—Bonrlod wheat Illgh Low Close .00, 400 401/, oi u COTTON v NEW‘ YORK, July Zii-Cottoll fli- tures closed steady. Closing bids: Jan. 000; Feb, 001; lilsr. 014; Apr. 621; liluy 628: June; July 565; Aux. 560; Sept. 578; _0ct. i517; Nov. 584: Dec. 502-93, Spot closed quiet, middling 580. Liverpool: Cotton, spot good buli- neaa done: prices 8 points higher: American mlddlng, fair 5,65; strict good middling 5.20; good middlinir 4.05; strict middling 4.83; middling 4,13: strict low middling 4.65; low middling 4.55; strict ordinary 4,35; good ordinary 4.05; receipts were 5,000 bales, including 2,100 A an. ._____.._i._._ PRODUCE _-__._ (Canadian Prue) MONTREAL, July 20-A half cent jump in butter pr cu provided the feature of the produce and dairy market here today, No. l. butter An carlots or less was quoted at 18 cents a ound with some salsa yeported ll big ll 18% cents. At the weekly auction at the Mont- real board of trade, 407 boxes of no. 1 paateuriled sold at 18 cents with 320 boxes at 17%, For 121 boxes of no. 2 119i cents was paid. No, 1 nu- pasteuriled was 11%, 48 boxes being sold. To retailers solids at l0 cents (zuiet Ontarioa being o t“ cents and Qua- at 0% cents. At the, auction 838 boxes of no, l. wblta sold at ll 8-16 d 000 boxes, at 9 3-18, A total of 10 boxes of white no. 2 brought 8 8-18 cents with 72 boxes of colored no. 2 at the same price. llgga were unchanged, quotations for extras being 10% to 20 cents, for firsts 10% to 11 cents and for sec- onds 181,5 to 14 cents. Potstoea held steady. uvffililcl MARKETS ‘(Canadian Press) LIONTRIIAL, July Ioe-Ilhere" were 100 cattle,~40 aheepJnd lambs 1,818 hogs and 48 calves lneludingdb eat- tle and 1,472 hogs hell on! from Monday and Tuesday, for sale on the two Montreal markets. These were no early sales In lddl as WI NNIPEG .\‘ll'ml_ July l" Responsive vhnl of export trndo 11ml en- ll by blghor wlucnt Iluolntinns rpoui uhcnt advanced to high- ls in iiu- pit tminy. Prices nt use m-rc 1/, cont higher for tho - clcswl nt 546G: Octolu-r at 57% liccclnbor u! 55% cents. "18 Blrung on improved senti- lroul (worsens win-int hold fair at nmi-sessioru, receded fruc- i and then rnllied to higher - on n burst of short cover- P" lilo (‘Ins Ira eslimntod thnt 500,000 bush- if (‘nnudlnll wheat bad baeu i for export. Collies from Liv- I ind ltcil the ‘ mic was t"- equu, between the United. in and the coutinen , - ‘41700 McLeod liliautni export nml unfavorable 7°" N075” - news lrnln tho 3mm", “nunu-g" 21500 Pen Pete ile rllllPll States spring when! <10 Rurnllle were rvNlNllisiblL" lor lhc risc 1400 "#117117" "Fliuul. liust nppenrs tn have rousnlcrxlhlo dnmnge lo alknn "he uml estimates 41 the horc are us low as 111,000,000 l, compared with 40,000,000 lust ‘WHOM null conras grains vrer’; "uremic of about one cent bet- _ 1'0 obtainable on duruma. 3000 Stadnccnn . 1000 St. Anthony 1050 Sud Bnsiu (i000 Sylvanite . D500 Tsshots 2.00 '2.s1 shares, Total sales 221,000 \ Immsrno 2500 B Missouri 1200 C-Rescb . 2000 lllidorado s- w '-.,- n» Beak omHCm-i... rwo oflices in London. The main ofice is a247," ‘flucadncedle Street, EC. I 2, in the heart of the finan-i. clai district. The other ofice l: a: 9 Waterloo Place, S.W. l, in the heart of the shopping and theatre district. ‘I/l/(JRLD-WIDE BRITISH COMMONWEALTH ' pf TRADE 0200 Algorna 2000 Baldwin 1000 Brett (‘LOSE i’ -- = July smug; on, 0054,10 ‘ ‘ . forezgnExchange To consider ways 56a means for advancing the mutual trade interests, of the members ofche British Commonwealth of Nations, the Imperial Economic Conference at Ottawa assembles distin- guished delegates from all quarters of the globe. The Bank of Montreal joins with all Canadians and Canadian institutions in extending a hearty welcome to the delegates to this important Conference. ' The main ofice, established in i870, has provided the Dominion from its earliest year: with central banking facilities in the Capital of the Empire; it has been thc Agent of the Canadian Government in London; and a medium through which many millions of cunds of British Ca ital ave been transfcrrc r0 Canada for investment. The Waterloo Place officc has long been a convenient rendezvous for Canadian visitors to London. a bee. as», , ‘ '= 1111i =14 n; (on. 2114s; nee. 77 3111i‘ 30%; Oct. 82%; Doc, > MONTREAL, July M-(Brtlle Can- lidlan Presli-Britlih and foreign ex- change in ,I'slnti0n to the Canadian dollar. as complied by the Royal Bank of Canada, closed today as follows: Argentina, peso, 0.20M. Australia, pound, 8.29M Austria, achilllng, not quoted, Belgium, hel a, 0.15M. ria, lev,'not q d Bong Kong dollars, qua c i1 n vakl , crown 0.0847- nziicmgn? kro-ne 02214. gialandwtlnmargh 4131184. rlnco, renc, . Germany relchnnark, 03131. Great Britain, pound, 4.1M". Greece, vlrnchma, not 11111795- ggllllld. florln, Ger-muted _ . 7| ' "CITY. JQllafln1 - (‘ASH GRAIN $4: no. l nnr._ n ‘"7’; 51%: rig. nor, 40%‘; . '_ l no, - no, j m“ Mi. track am; no. 1 our, _.',,"*,'- '-’ 0- w. ma; no. sflc. w. 2 h“ qircll 311A; rm. 1 feed £01‘: m, \-_"/r= rel. 111%: track 001,4. m 1v- ri c, w. sou; 4 w (‘"4- rm. n o. \ ' 2755i [rack 34%, CHICAGO r ‘i463.’ Ju 10-42mm prion ‘ elmundny displaced advances i of l; ,,.,,mpl"lal'i_vti‘rus-lnpport toward the nrofita ' ilalnst "l llold "l! was n The Conference comes in the year that sees the 115th anniversary of the founding of the Bank of Montreal-the first permanent _'bank in Canada and one that from its inception to the present time has taken a leading part in providing financial facilities for the furtherance of Canada's external trade. Bkuxcrimmvumnu. vuwwmwvs-v - a , . Established 1817 B, , an: 8.1!: finds atssuearewflnhlfiblmflv- Total Assets in Excess of $700,000,000 y l lines 1a foundation nuances l. ' v , ' "1- " II .Ca1'tad\_ltateq dollar, m‘ wrmti _ n TORI ?|7 U-Iorelgn eI- pmylflenoffitfi m ‘refuses.’ i . fins...“ Instead. so sine e.- Oval: soo omcss m CANADA AND mwrouunnmn mama‘ "o not u . crop plirehaaeeu Political unrest‘ rlah influence. settled, 95.0; upon m corn 144i down, ,0 5- 1M Plovlaloll un- can up I cloud l! I finln,’ land, pound, 8.7886. Norway, krone 02048. Polamlyalotl, 0.1 ,. Reullenla 0. . h A ‘sand, 8.5490. 5ft. ...... o1. Wffisfiliaif‘ 0.2240 """" "releases sprains. Evrs ...". I - i ' 9 w : - .?i'.".'.3;£:,‘i....'~'i‘.."i‘f»i“u- s- i. soopoonee rnealetcr Minam- '1 \