AUGUST 26.` 1931>
vim cnARi.o'r'rl-:'rowN GUARDIAN PAGE SEVEN
Q; Y " ; _
/YES TERD
+
’s UCKL  D Bo D 071411 N5*
--_ '~1T_;f'; - -- -1 - _.a==.._ '- _- _ _ _,_ -_ _ _.If
i]:z1:E:-ts:-:lit-:si-:s=l1t§:-:i1fi§:-:$1-:S1-tmyali '
;.=.'I=|_ Market Reports 
"" By _GREENSHIELDS £4 C0.. Montreal
Special to Stewart Jones & Co.. Charlottetown
1-:gi-tx:-:§:-:gt-:§:~:s'~_§ f-Yj_é_§_:EE
- Call money 2 p.c,
Ahitibi      _ _  2211,
Alberta Pacific Grain ... _ ... 10
Asbestos ... _._ ... ... _ _ _... _'10
Brazilian ... ... ___ .__ _ _ _... 32
B. A. 011   ._ _ _  15%
B. C. Power ... - _ . ,_,_ 35
r`anad:l (‘lf ... ___ _ _ ... ... 2014
Canada gement ... _ _  14
Canada rewing _._  ... ._  7
Dominion Bridge     M14
Foreign Power Securities ...  2315
Fraser Company . . . .
._  .. _ '
\`.eneral'Steel Wares  .__ _ . ,
Home Oil    . _
l:x1pcrii1l0ii   ._ _ _ _ 
Industrial Alcohol  ... . 
inrcrnstlonol Nickel ... ... __ ...
international Petroleum ... _ _ _
!lnsse!~"H:|rris  ._
Montreal Power  ... ... 55
.\ir(‘ol| Frontenac ... _  11114
National Breweries  _ _ . _  2i|n‘
National Steel Car ._ _ _ . _  all
fanada Bronze  _ _ ...  31
Canada hfaiting  _ _ ... _ _ __ 111 “°"“ 1`““` "° “P” 0°”-W5”
Dominion Tar  ... .__ ... 12 £032:  -1 "A500 Qidfgqg-Z;':
Norandn   _._ _. .__ _.10 ,  ‘ W’ ‘”"- `
Pon~e`rBCorpnration _._ _ __ 211;  lI?“""“" "4,§‘E“l’°I)3"'\;-:ffm
l‘rice ros.  ... ... _ -__ __ t`2 _‘  " f ' C "'
Quebec Pow,  _ _ _ _  53 1, pmlt   :lpn nee1,1o:»+
Shaw-inlgan  _ _ .__ _ ... l».'.\-3 9° -, & C " ep” Janhmfn
émelters . . _ .
._  ... _ _ _ -_ 175 "M 1°" ‘ " 59° J“”e1~19""'
Fiteelof Canada   ... _ ...
4:4
, aGt Pow ._
§f§,°,fn,°’__F°_'f"_df__PW'_ jf_ _'_'_:j ""°" now srnui1'. ii'/1 pe June1.1ns.°¢
25
- .\iont Pow ... 5pc 0rt1,1ii.’11
llinnipeg Electric   ___ .__ 37 Mm" ‘,n“_  5 W M".l_`m0
~ - Mont. 'i‘rarn _ iipc -July i.1iii1
LEW ‘Unk .\font Tram ._ 41,1, pc Apri,iil_'i."»
\i tT __ iipc Apr1,105.'$
lib!!! s-4
§1~»w_ E
.2 `»~..< £5 »~
°=
(lat Pow .. ._ Gpc Apr1.10-li
A ia Ca ...   _ _.12' >"“ "““‘
Que Pow _ ._ 5 pc Dec1.1Dfi8
f,§§§ff“§,,','.',,,,§"     21"' straw row ,_ mpc o¢t1,1n0-1
_   "' ` ` " "' Sha1\'i‘o1v  4151": i[ar1,\iii'iS
(onsnlirlnted Film Ind.  ... N qhnw I-,ow f5vC F-elm “vm
Consolrlated Gas  ._ _ _ ._ 1011’ ‘. _  ‘
Commercial Solvents   .__  2-W: LMI P’°°"' " 5% pc M” L1055
o __
IW’ voulxiox oovr:111~:u1=:N~r nouns
101.10
105.67 ‘
103.30
lm
Domln n Stores .`  _._ ..._
Electric Power and Light ... ... H715
g;r;g?g"As_1r_1|l;=lt     __ gig W" Lon __ __  apt lg?
. . . . . . .
._   “_ L __ __  sm 1_7
lnlemztlgllnl 11;:-1r}vmtEle"“c " " fn:/’ V\::°ryMI?oa\1 .-  5% no 1033
Knaern it :E es er  ... _ .SA victory LM" __ ___ 516 W. mf”
\,,,'f,':,§f,‘;,,,,,.°{§~",,°,',,   “  f.‘.f,,,‘ \'i_-.i<u~y Loan ._  51.5 pe 11131
._ _'__ ... _ .__ ..- R_ .1 ‘__ '__ ___ 511194- 1113;;
'“"“"'“ “"5"” l'°“°"   "W uglimling ._ ._  41,1. pe 11140
’i e 1943
l"aramount Publix  ... _._  575; R I M _ P
§.""‘,'§‘"' §°‘FB'&"  ' - -' - - 25"/1 11§t\'ll-'aixg ._ ._  41; pe 1014
33,2 In M "' "' “‘ "'  Ilefuading ._ ._ ... 415pc 1040
Sears Roebuck   U ag
Standard Oli of haw Jersey ... ... 6515
Sterling Securities  ... ... ... 1016
Studebaker ... ... ... _._ _,_ ... za
'Yellow Track ... ... ~... ... ... ._ 22'
rea Films ... ... ... _ ... .__
Ir
nil
¢
Dominion Of
c. 1.1¢.   ._   __ "1
E2lZlli'na.'.a."‘ "" 5"  ~-fm
rnwdmmmmxw
~i"""'|
1a ii 11
12:. 35 n%ii..'.i°‘.‘?. ':f. '::. 'zzz iii..
Bank of Commerce ... ... ... ._ be/0
my-u .snr     __ 20014
wer Loss  ... .Jil 1981
war Less .. ._  1ea110s.'rs
ic ry on
, ‘"0 negewsil    1%1g§.M
Re undn __ ._ ... _
:As is to he expected, the operations netnnam: __ ... ...sy'1o4a101.2e
ol various textile mills in Canada are Reloading ._ ._ .__41/,1944 011.80
°""‘ °°“'1¢°1'°b1! ll vvmvarse with ueiunaing ._  ...ii/,1040 09.90
this time last year. Canadian Cottons.
for instance. oporatinir its mills about
three to four ds s s week whore one
your ago the ratlslo was higher. Buying
is reported as very lint. and only for
actual rsquirements. What has been
termed bsnrl-to»mauil1” buying is he~
ing carried to an extreme these days
in this industry. as well as In most oth-
ers. but this condition is one that is
to he elrected under the circumstances.
The favorable feature about it is that CHICAGO
stocks in tha hands of wholesalers and
retailers are gradually being .-|9|,;e¢,.d' Wheat High Low
and any resumption of bu_1-lnir on the, Frpt.  _ _ _ ._ 80'/n 8814
Dart of the puhllc will _he r|nickl_r trans- D90-  ... . _ .__ 04% 031.4,
latcd into orders for the mills them- --\|“f<`h ~~-   M554 95%
aclres. Another favorable feature of con- “fly ... .__ _ _ ... 1021( 100%
ditlons as they prevail today ls a rc. Corn '
duction in the price of goods. In the Sept  . .  ._ im 0174,
case of the textile mills this is due D¢°~    94% 92%
Plfily. of course. to record low prices March .__ _ _... 05"/, D-W,
for raw cotton. and also tn the natural May _._ .__ _ _ _._ 07% 93%
"h11{|"1K of prices that follows ii scarc-
ity of orders. This low-price situation Sent. .__ __ ... __ 42% 41%
for manufactured cotton goods. and the Dec. .__ ... ~  45% 44%
silk lines that the Canadian mills have March    4‘l1,5 40115
added to thoir cotton products. in itself May ... .__ ...  48% 47%
il expected to result shortly in im-
WINNTPEG
proved _ buying. ,
The action-of the directors of Canada
Steamship Lines in deferring the rerru- Wheat High Low
lnr~di'vidend on the 6 p.c. preferred Oct.  _ _ .__  0215 01%
stork, while regrettable, will be gen- Dec. _...... . _  011% 03
erally c_on'eidered as practically forced May ... ... ... ___ 100% 001.5
11|-mn_the Company hy conditions out- (lata
side of the control of the management. Oct. ... ... .__ ... 40% ' 88%
It lmrl been hoped that the slump in Dec.     4114 40
Ybvvnup from grain transportation that. May ... _._ ... ... 45% 4-1%
began in the spring of 1929 nd mn. _'_..___.__;__
-*___
Oats
real improvement passen er tr ffi l
" un considerably and the nfitcls :i leiurs °‘°°P“ espemuy in Manmba and
‘l;f1y` lilly and Tsdousac have benefitted. Eastern Saskatchewan. Ifi QU£`35Cl
ny miiror ni t i th f _ .
krnia from Eno? nnnwille 11lT;`l1emae1lnin(\,- Graph promise wen’ but “an-n' dxlyl
,,.ed,,,¢,_ ,,,,w,,, ,D nm Campmrl weather is now essential. In Ontario,
0011111121- hlrvestlng operations are progressing-
ti pc _Tune 15,1041 '
3
108.05
lll'.’. 15
100.10
103.20
Canada Bonds
(lleeiel te Iehaetea I gmsdkuu
vl°§°" 1‘1°"‘ " "‘l° l3a'f1‘<l’§'§"°'“”°
U I s eu
snaxxr nmvntw ron sooner as, vets” L°a° _'_ ...s 190')10e.esl'10o.
Grain Exchange
(Special to Johnston & Ward)
1011/.
Z-Z 5/E I-I E
ns
:nail
mi \
no
asia
101
ioola
ntil
9015
loo
0314
inset
101
10114
slag
ou
limit
101
oss;
psig
1010;
inoia
Yi
00.85
90.85
;,. .
Last
80
03%
D8-7;
bait
0314
05%
D714 ,
41% l
44%
(T
ass;
satisfactorily and both fail whczt and
Ac-r 1' .' _
I E."°`D PMC" spring grains are turning out well.
A1-.mln ._ ._ one _1nly1,1t15.'i an/, In the Maritime Provinces contln
ned favorable weather conditions have
badly needed. In British Columbia
the recent hot spell has been broken
by beneficial rains throughout thc
al are very satisfactory. Details fol-
low:
PRAIRIE PROVYNCES
ALBERTA NORTHEASTERN AR.-
idcal conditions, and the estimated
yield is from 10 to 25 bushels. AL-
BERTA SOUTHEASTERN AREA~
Forty percent/ol the cutting has been
done, with an average yield of i0
bushels. grading one and two. AL-
BERTA WESTERN AREA-Cutting
Ls general; the est'mal:ed yields are
from 8 to 25 bushels. The sugar boot
crop is in good condition. SASKAT-
CHEWAN NORTHERN AREA-Cub
ting is now general, with prospects
maintained for o. fair to average
crop. SASKATCHEWAN SOUTHERN
new been cut and threshing has com-
mencedgl s. few districts. With oc-
casional exceptions, yields are very
poor. MANITOBA-cuttihs or all
trains hu proceeded uninterruptedly
Ind fl 60% to 70% completed. Some
thruh1ns"im been acne, tint rs-
turns yieldinl 15 t/o 80 bushels oi
load (reds. Uontinued heat and
drought are hutening the ripening
of ister crops and this, with rust, 1,;
reducins the size of kernels. Durum
varieties, which constitute about one-
thlrd of the wheat crop. have large-
ly 85611904 rust, but damage to late
hard v/heats from this cause is sev_
ere.
PROVINCE OF QUEBEC
Harvesting of grain crops will soon
be general and an average yield is
looked for. Potatoes give good prom-
lse and other roots are looking well.
Tobacco is making rapid progress.
Psstursge is very gem-1_ ~
PROVINCE OF ONTARIO
Cumn3 °f 5PTi11§ grains is nearing
completion and threshing is wen ad-
vanced; average yields of good qua)-
iii’ are general. Corn and bean crops
Severely burnt in sonic' sections. gRoot
and fruit crops are suffering from
lack ol sufficient moisture. Tobacco
cutting has commenced: recent frost
did Slishi damage; yields will be
considerably below average.
1.1" “ MA1tI1'iMn r1mv1Ncl:s
011.5
11311.
00%
asv,
4014
45
F _ ,
-s
Investment Bonds and Shares
We ofer investors the buying. selling and
information facilities of a Dominion-wide
organization with 27 years' esiperience
in Government, Munid l, Publ c Utility
and Industfiol,£:anc1’ng.
Royal Securities Corporation
Limited
imablbhed 1903
Riley Building, Charlottetown. Phone 822
Omen in important cities throughout canada IN
, _ ._  _,__._ .-__._____N
A
Public Utility Investments
The securities of light, power and tele-
phone companies oifer attractive oppor-
tunities for investment.
Our odcrings of Public Utility bonds and
shares are representative. Several of them
give yields of 6% and more. We shall be
glad to submit particulars upon request.
 Royal Securities C0rp0l°a1i0l1
umm
' Riley Building, Charlottetown
omnnsnptnupietuqouwni-n¢m¢f»
The Potato crop is expected to be
\>¢1°W average and bllgnsnns nom
reported in some districts. Apples
continue to size well.
Tree fruits are rl enin r
estimates continus for? :gl-(Ely 
Yield-1 °f s°°<1 quality. 'I'hresi~iin~ 1-
izeneral and 818111 CFOPS will be about
90% of average. Potatoes are very
satisfactory, with the crop better
than average. The hop acreage is re-
duced earlier than last year. The eg-
“mated yield Of °DD1€s. pears. and
Plums is 90% potatoes, 105m, and
tcrnaioes 110%, Pastursge is muon
1mD1‘0Véd by recent rains and there
'5 “UW ample feed on the ranges.
Brooks 1'.\'sm"rr_a1>
(Special to _I h t & \\' l
:NEW YORK- "f\lll!_m".LS-.§toA:lr'e) were
lnsettied urounrl noon liv a ahurll
hrealr in Vnnndiuui n l h"h 1 - ii,
ing ol the oils. \‘:1n:l\ili\|lu‘ rllxllilcflwto
84 on news that the roliipnnir-s 11|-im-_-,_
tions were conductor! ni a I-.ss iiurln..
July whirl. 11-ns inn- or ui.. ,...<n-_-.5
QQOTIYM \`lln.'ifli|lm has or-cr_r-Xin-ri.~|,,~N|
. _ ew Jersey led the dcrlliic nf thc pot-
roivllm crrup i»r<~.1i-:ng asf.; wail.. s, 1'.
mario a new low at 20. Sr-llln: of oils 8,4 8%
Wal based on the criticism nf Nnrv Jer- E
my rm- mn", _ 1 1 | _,_ --~~---#Q MONCTONI SUMMERSIDE Fnnm-;mC'r0N
ance between prnfliifirl-:lik n’l.:i"",l..,,'1,,,f:.’,,_ Many a man thinks he has an open U8 Gftdt Gcoryl Sf., CllllTl0H¢!0lvl A
111111 "perl-1111' at tho l»rc:~'<-ut time wlir-n mind when as 11 matter of fact it is
i
1 the indliltry in ov rl l l iii 1. - L
caaalro rinroa oi' :ll|`sr>)l’l|’llr~.r`NN W x (‘ \ mcmly Vicmlt- _:___ 
L- i. __ _ . 1 ,L-__
l
` l
been conducive to good growth, ex~l
cept. in Neva Scotia whore rain is`
interior. and c1‘0l1 conditions in gencr- l
EA-Cutt`ng is fairly gcneml under?
AREA-About 00% or the wheat 11111
will be below ovcra e Pastura e i» "
‘iii-niilinrnrila   __ ._
ylZ;.`t|`.~'l\ American (lil   15%
MONTREAL Que, Aug 25 -The
Canadian markets continued quiet. O
throughout last. week with very few is
outstanding features in evidence. a
Nlckcl rights oilcred an excellent me- , 1
rlium for a quick turn, these rights ' C
touching ia. low of 1 cent on Monday 1
and recovering to about i8 cents by I R
Saturday, an appreciation of 1800 l V
.212
.round work for what Wall Street
terms an old time seasonal adva
which is expected to get underway
immediately after Labor Day holiday.
Buying of the type that is something
more than short covering was noticed
n last weeks market and this buy
nC€
ins
ontinued in the face of indifferent
nd adverse news regarding earnings.
israel.-s should he bought this w
on all dips.
cek
In this connection it is well to con-
pcr cent. in one week. Nickel stock - Houston
The mail order issues are being
firincd up on demand from New York,
whilst Brazilian due to conflicting
reports as to business conditions in
Brazil lost ground.
The shares ol C:ma.da‘s three larg- h
ost oil con~_,p»-`°‘J=-s namely Imperial; d
British Ameisan and McColl-Fron-I
tcnac :irc currently selling around 1 P
the lowrst levels in many a month. l n
ln view of the official confirmation lb
that all of these companies have ex- i
pcricncod improved business so far A
this year. in face of general business l t
domcssioii, it can be taken for _grant-
od that sooner or later these ucurli- I m
_ics will begin to discount. the better m
l cnmings. fe
Letter
NEW YORK. Aug. 25.-Although t
the volume was so small that no great W
signit`1ca11cc could be read out of price
movements, the actlonbf Saturdays S1
market might be considered as very 0
satisfactory ln refusing to appraise as 0
bearish to the groups special situa- 5
tions in tho oils and amusementa. In
fact. during the past week a. good °
deal of the unfavorable developed and
was put into the background while
the general run of Prices made heed le
way. There still is I. gap left between
summer and the time when the lou-
cnai upturn ot autumn trade makes P
more agreeable reading of weekly sta.-
tistlcsl comparisons and with s con- i
slderable amount of skepticism about
as to the benents to be derived from
this falls industrial activity.
recognition of any improvement may
be slower than usual, however. we are
inclined to think that whether or not
business will recede during the wint- p
cr, the remainder of the current year
should witness an improvement-
. Laidlaw and co.
_ Summary
Stocks of crude rubber in London
August 23rd totalled 80,618 tons, in-
crease 38-i tons.
Youngstown District Steel opera-
tions to advance to 57 per cent. of Ca-
pacity against ss per cent. last week.
Standard oil of N. J.. crude oil runs |
to stilLs in first seven months 51-2
por cent belowe like 1929 P81105-
Prof. Irving Fishers wholesale price
index at 82.8 for week ended August
gg against, 33.3 in preceding week.
pizrcl1asing»pou'cr of dollar advances
to 1208 from 118.4-
l so inflnstrials nigh 23.35; low 232.35.
mst. 234.32: up. 1.19.
THE MONTREAL
CURB MARKET A
(Sprriul to Johnston ik Warsl)
Bill Askorl
1, ,nw
.\$:=1l Brmv  , . . . . . _
__ _
.\s~>r| this _Q Oil  __ 30
l‘»1rt!1llr.~| ll   ... ._ 3
ov.
t‘_1|| l’>r1-algo _Q Dork ._ 
3-l
|<':1|l.'lrii:i_1 ,\ialiing  _ ._ 14
1':|'1 \'ivl;r\r.~' _ .  ._ _Q
`l'-~.<_f;ro\~o lIro\vr~:'_v , ._ 1..
‘ lim r'orp-Sonurnliis .. ._ fiflg
‘ llnm ling: \\‘nrks   ._ _SQ
l lmlu Tar .h (hola i"oin  i2
illmn Tar _Y ('l1cn1 PM  Hi
ll1:;,=i-*ru Ilnirics . . . . . . .
._ 'lil
llllpcl-ini Oil    ._ 1014
lluin-riiil 'foliacro  _ __ 0
lull Poirolouni    1715
l11ill`iilltil1§1 “.-\"   ,_ 41
l..-ilzc _\'uporior i"orp ._  lf)
_\|itrlir-ll. lioherr _\- Co  18
,\Ionlrr-nl Exlllhiilon ..  _
.\'utio11nl Distillers  ._ 11/,
Noraiirlh . . . . . . .
._ . ._
21.10
l‘n:o»lIorso_v I.td  _ ._ 03%
_'50
l"(‘ri<-ctlnli Glass   
Itcxrr-lit l\'|1itli|\;: .\lills  -115
lir~li.1nv»= i`lr:1lu Co  , ll
Slli‘l`l’|ii (lflrililn  , ._ 127|
Slsrno   .. . __ 25
'l‘1~i~k Iluzhcs  ... 
\\'nliror, Iiirum   
The
e
im
P9
_ lb
I5
5
F
sider s list oi stocks which by their
ction of -the past two weeks
EYE
kcly to do most on the side of the
vance. What should be demanded
I stocks bought for trading purp
that they have speculating Ia
nd that they :irc active. The follow-
ng list has both these qualities-
an; U. S. Steel, Vanadium. Wor
ngton Pump. United Aircraft,
eductlon, Westinghouse, Johns M
illc. American 'Tobacco "B" and
0585
VUI
Am.
th-
Air
Bil-
looked upon with more favor. it is
understood that business of b
Montgomery Ward and Sears Roeb
as shown decided improvem
ui-ing the past two weeks.
oth
UCl{
ent
NEW YORK, Aug. 25.-There is
s was the case in July just bet
he drought developed serious p
tuation is found in dividend fe
n certain stocks and the possibility
f further liquidation in special
ues. When _these occur the bale
f the market might suffer tern
ractically nothing in the week end
ews to show any change in
usiness situation.
At the same time there is a g
P0
the
ain
OTE
ro-
rtlcns, a distinct change in senti-
ent. If business improvement d
ake its appearance within the n
w weeks, the stock market can
DSS
ext.
asily do considerably better. If this
provement. does not make it
aranco there has not. been an
ended speculation whose correction
ould result in another bad break.
The uncertain part. of the business
at
B13*
CX-
BTS
15..
HUG
mr-
ily. In the meantime the general
technical condition remains felrly s
factory and the chances favor
est e dun market in the near future.
We believe than is good buying
we
lmi.
53
S-
9..
es
5:;
ssc
gn
P*
FJ-
55
“O
.Lu
Liverpoo
1-
The Montreal
St kE h
ower in the market whenever it
ak. Btoclu bought on email dips
hould show pronto ,within a sh
Livingston dz Co.
at-
It
is
art
S3
oc xc ange
(Special to Johnston & Ward)
Sales Stock {0pen‘Highll.ou-last
1 1 1
S0,’B C Pow A
205B C 'Pow B
IB C Pack .
_Boll Tel ._ _
491|'/.Blxlzllian _
tiitiliroinpton _
.fan P & P
5(`:1n C &: F
17.'ido Ptd. .. .
il.'~,<"an Cement
2il,(` l Alra ..
l2ih!(‘;ons M & S
21|' or-lislllltt _ _
‘.'.'|lir\'rlen ._ 
135.1 from Bridge
lT*i')o1n Textile
ll0,l<`r.1ser Cos _
‘_’l»_G\lril, L' Co
Cc-u S Wares
iinonil Nickel 
i~l.'l1l~ll:1rris _ 
H15 .\ioiitl 1"ow
l00_\ir‘~l-`ront _
175 .\`.'lti Brawl
U0 Oilllvio Mill
9l‘i’rice Bros _
ll"nw Corpn
20Que l"o1v _
3;- 171oi:-n.1wlnl;;nn
31/,
ru,
1;-,ws ,
3'.
1:13 .
n
oo
1|.-_L ‘
ll()
1411,
r>.':1-_.
2':
lol.; 1
9”/s
IS
7
8
21 25 y
8415
in '
131
Qll `
M0
HS of Callatlri'
12.11 rm. ._ 
nasns
_!5'(`omm1‘rce _ _.l 24 I i I
l1`.1.\'ova Scotia .. 325 I ` i
_‘l2'Ro_v_1l _ . _ . _ .Mlfiilgl | l
Total rules. 20.306. -
(ff . 1,,
'.1
1 1 ig
_ 11|
oe
--
1?-
...
-o
*AW can
__ ‘___ *__ K(
.|111
i`.
i ‘_'~
in
I Jon:
, _"l
H
4";
l5‘.»2
<1
.'|i\/»
1 2;
23%
as
11114
, an
1:1
i0
93°‘°*.L ‘
w mir;
¢< ,_:
uv,
Iniaale _Mlnnrd_‘e_Lln_im2t foLiAathmn.
‘ A
Am
Am
Alu Tohstr
Auli Auto
El P & Lt ._
Erie  __ __
Fox Films ._
(lon I-Iloc . .. -
ilf-u I-‘nods  .>.»-,S 5111......-_ _.41 .if-1%
.tion .\lo .. _.l is 51.1144 4I1".;‘ -mf; -11;
Gclrlch Rub .l “‘l‘/(_ ‘."i‘i, 'Vi 22’
i`.|l\-r Rub .._i
G-Paige _ ._|
Grl Sl
Schulte Re ._ i 'l
s nnsbuelr ._ vp as
S U Oil ._ ._
Sine Corpu __
Sim Co ._ ._ 125
S lvething __
Skelly Oil- 
South Rail __
§ G 4' El ._
S of N J
S O nf _\' 1’
Thorinolrl _ .`
S'-r'1rl"hnl:r~r . _
<"1"1"1“‘
s
U'~7'
.tc
"H
\\'arn B Co .i247/1125 'Q11/5 _
‘war Bros ...I 55-“v,‘ 55-'ig' _'.61
wort Vnlon Jilin lion-vioo 'inn
‘ I iran 0 aware  ._ li
F.:1st. States Power "B" ._ 2111-.
Elec Bond & Shure   T011
‘Ford of (‘an11rl.'i "A" __ 
i Ford of f`nn.'1rla "B" .. 
Ford of Ilngirlufl  _ ..
if-‘r-rro Enarueliiug  
:liir:1i:1 Walker  ._  51/,
lluulhle Oil    __ 21711,
imperial (lil ._   ._ 1014.
Intl Petroleum   _. IQ
Niagara Hudson l. _Q l" ._ 17.15
l'.1r1n1ni1:1t Fail  _ . . .
._ 4
Standard Oil of lniliunn ._ -151.
'il
47
Q.
Crop Repo.;  Moming Stock Gossip New York
l NEW YORK. Aug. 25.-Forecasts gg mug high 127 s'l~ low 127 Exchange
Behw Wm be found I br: I and Factors-An extension of the ral- last, 127_8`2. up Ulla' ' ‘
‘C ‘Y""P' ly is looked for in t.oda.y‘s early deal '
isis of teiegraphic reports received at I . b t 1 1 it is nk 1 t : -#-
ltbe Head Ofilce of the Bank of Mon  bgforgriilé 1:51.03; e y O ap NEW YORK- A“B» 25-‘-This WEEK-5
_ ._ iii -
...E { - -- _-:§:-:§:-cs:-:i lu-eu from in bran.-aes. 'rue omni. ‘ Hutton ,md Co__'Technm,,y, we “*“'k°'- will 11° 11111011 1° Prepare the
tillueil right tiir h tu ll' ll ' l
me`_mP`l ma £553: :nd uséuulggxlu S: .Managers have complete nnd intlm- mink many stocks are in an excep_
;l1e contrary, bust nn ' 1*” m°W|°dS¢ Of Gilvh |0¢11| Sillliii- :‘onally strong osition and w feel
_ uorxannar. ihililsjusguxgn 11&|‘un§‘El:st'¢cn»lael§l'»ly 'lm 4°” :lad *l'° |11 i¢’°S° 0111011 WW1 ¢1'0l1 that it is a reasgnable speculatlim to
,,,,,|d,,,t ,med lmr*`f‘t;-s°“g"::n}h°, °°“ 0”’ hi 5 I 5°°“°n‘~ 0* *he 1115- buy a. moderate line of selected stocks
ineeting held n short time age -'No nl... ‘ mc" ""““°"°d- 'now in anticipation of better levels
:1;;;1li:]tre;‘n\[1ti;ns.i;et~'t\:e Iogmlmprovémeiitmin -_- within the next few weeks, , |
_ _, - nanys sci v on Hornblower & Weeks-We re eati
ar¢1il.1a, 11 - _ P c
_,mr “;m°c;Ufge he;';§3‘”°;-nd W\"1‘;‘;ienl:ellf . GENERAL our recent opinion ‘.0 the effect that ' H
business was batter. general conditions “°thil’1‘Z m0\'€ 1-hall 17111101' FSHC?-\0l`lS
tgieesererorurixze :pg dos-n revenue from Grain cutting in the Prairie Prov- gshould be expected now and that
quarterly d“_m~__ml ~“_n`n‘§F_';'§:_1:'re1;ful::5' inces is pmgresslng rapidly under fav- firtocks should be accumulated on re-
n ;-Mn ...may nf ;<_>25m0_ orable conditions. some threshing lccssions.
“.2-:.°.;'.‘:l.»'_"‘:._‘.°.11.212111.°: E; °‘;.$:.?,1f_.°°°;‘ “°“e- Rm ‘S “vw _ -- -
_ cterioratlon to late, . _H
'(SDofl1al to Johnston & \Vard|
_ ()pe1i_lrli_g/i|}i,o\\',i.usl,NtCi1
Air l_e_duc _.[1211 ,l2.lls,1':|i ,1~;1_59|.,,:=,B
Alleg Lorp ._| ‘.’\1\5,l 20151. 2014,, :£01/,,~ 1,,
Ai tihem . _.;'.‘li21/7 '_'|ri;:1,g_‘_'.31_|]r,»_>2~:; ,_
-L ml ._ _.i bi i _ni-515| .5.$,,;.1a1,i,`_
at ltgrln _ ._| _my 311.1. :li 131 1-
Lnn ._ .. i‘.’li-'qtiilliiivi 12714 \‘_".'s.,s\_
Mn  __  Tilly Tl“Qf Tl'5g‘-i-
-Ani S lu Ref 11111;: i
Aux Sugru _.l 531]; h /~ 5;; |_,
Ani T _e 1* ..'-_:irq 21.11,. '_'1f»1,3','_\o\;‘-1-li
_.`.'.u.f.: | 2....-=,`_ if,
Bald Loco .,! 20-1, 20"'§"_?0 121| 1-
n R- OM ...||1lg‘| lllil 105',/_-i0\1§-l‘é
~ o ., '.1' | | :it
fiend Ar _ ‘
lieth Steel
itur A M "“'
t‘out Oil .
._| 31
_.1 $1
. 13154,'
lri-on 'reins . -mai ;;',14_1/.1
Q
-Q
Q;
Q
any |1011* Sr-
lvill _ _ _
.\'.-an :un _ .. I :la
Nut B1s....s21s:l _ sz
Nat D Pro ._ 45*/.144-1' fav;
Nat P sr Lt .l is-v.l‘4n1§i 4.f.»v.' . 'l ,-
N 1' cr-n _ ,.f10:ir.1o:¢r.§ioor@'1oor.;‘+ 1/.
N Arn Po ...‘inn1<'l0ll\._ 991;' fin'-_ _ 1__
P lr Mo _ ._ ‘ i iw/'_ 1' i'
` iffini "B"  ao `=5o1/_‘so l5n1,l‘- 1,1, 5 t `
‘Par Pub _ .. so iso lsr-wsrful-lu. 2
Penn Rail  I I 172 - 1/_
pail Pee _ ._ . -/‘s1=,giso1<.' .'11
l»snr1\'J,.lr»s inn lo-2192
Pure Oil _ ,_
Radio Cor ._
rt K 0 ._ ._
Reading _ ..‘1.>sr/,.1 ~ losf/_--.
mp 1 s A .. ‘
Rock Is ._ ._
n_ D .
11
IQ.-
;_- .s
X
A SIE ._
-5-1-Q -
#533 F
1 2014.! 20 l 20
, 41141 .'-lol/_~ -in
lsuw 3.15.1 are
cagzsscsar
=;*_.£f.:€§ ..
2:: rsnr
.$3'{§_>*?i§5
Nb*g D
 _
‘|-
s
ov uich
ale stores
r ._~_'__;._.
“$333353
ls,
Q
0 of Cal _
0
u Stool  S01; *.11 ESB
The New
York Cu
(Special to Johnston A' “'ar|l)
Bid Ask'
Aero Supply "B"  ._ .. T1,/3
A1110 Cyiinamld "B"  __ 20‘/.1
Asad Gas & Elec  . .. 3015,
Brazilian Traction . . _ ._ .. Sli.
British Celalierc Cer _.  11,
Ciinadian Marconi   3-,_
Cities Service    27%
'il
3
"osilt-n Oil ._ _ __
1| t f Dei
_r.|::a:.:
-_--_Qc
Stand Oil of Ks-n1u1'k_v  _
Stand Oil of _\'t»l»raskil 
.Vllllcd L Ic I'    30S
.Vacullm Ql‘_...   __ 793;,
if
__;.'
_e
ir-'A
1' iv
l asv.-I 301;' 3;: 111 ‘
I S21/_i av-'-.(w1_'.- it
 .s_--_, _
 1111.; 101,11 ISM. isnt-
c‘ i'n1~irl¢ _,.175 4751.; 1131;. 17:11,!-
C at Ohio ._ -infill .10-".1: mul 4111;, +
C lil St Paul 131.31 1314! 13141 131.1-
Chrye lilo  2B’Ai ZSB/,i'.'Tfy,!'.°T'e1-
ggiuccfols ._ 1751/1| I li'.f.io[-
, .1-sph ,, 11 | 14 1.'i-V.. 1.1-1, _
vom cred  2.114' i Q51.;-
Cnrn Pro  ii01L~liin-*Qiio no _
mr chem .,» :wi 2.21.1! as les I+ 11|
1-‘ l Dupont _'ur 111' 11:; 11:1 -
A | ailill alia! izaiél ami- 1,;
as ss as _
i 4174.’ -i41.;,l43-/_.1 1311?- it
_ 1' ° 1°" + 1/
|111a1° 1.0 ‘mat 11
- 1 . .
sr. l-.1
111/'
g 1y~..  111.5' 1-111;! 41, 1-11.1
Hone Oil  afl<1p,‘ao-',v,l'.'7fv_.'.'sa§‘
llnfl Mo _ _.l 31 iai iso iso 1-7..
inn n l - 1 ~ 511'-
L..
ti'
-153?
incl 11.-ir _ ..:1nf-4 10=;'7o 70 1
inn .\'l-me _.1 2.11.1; zur, 2: --2:
lnil T01 ._ _. `l|1,¢_- -ll‘,_. -MSX -H
Jewell Tev .l i l 1-iii
.lnhnb M111 .‘ 041,410-il-_L`02 1 Sift
Ken (`ol1 _ ._| l l (34111
1.1;; uy "B" .11rm1~;. 1411 loan
Lnows ln _._| 74%' T71 1 721', "Ng-1
l_.\v ms cn .1 no :.r»\y r.s»"»,‘
_\lia Pacific ,.1 1 I l
iiont ward .l 32-7/.1 33 |321!
“1 , an
mix
good
011-11 - one
[__
r...
Il- 'Vs
._
.'.fu\_. +11; ‘
ow-
rr:'<_‘+ 14
._. Hn
1 it
-110. +514
-1
- it
-1
vu- it
.saw naw- 1,4
"iid Ziyi’ 1”*
2 l 62
+
df&fi<#$
014, am/,\..
24'/_ 211/_ -
if 210;' 21% 21141- e
1 21% awp-
=,§i ren; 'rsigf 1514-
%1g'i1>ii 001/1 121 i-11/1
mi -111% glial exif % la
~*“`lii*".i‘i'l‘1i‘i’.‘i`»* * W'
251/. 21141261; Llstll- X/° lamb
1'.-ins on  :.11/,_ silt’ 51 \a1"l-
'mn ll B ,..1om.;l¢101,§' on isa 1-
1' r‘ A- rnri. .4 'ro-v. Tru! 1.-mi 15%- xg
' r-nrlfif ...‘sm rims :in :img-_ of
G linp ...'ao lac 135-W :c>v_‘- 55*
s ani- . .,l;>o=<1 1 12011 -
s .sim ._.1r.s‘-f. 1cn1¢'1cai,1_.1r.-\;=+1 ho
' i-|114
-11/1 we
rbl
i- ..-
Sf fa? 3:
1-
¢...'-`.;r3 £2
1-
tie
E!
Bu.
1%
e
uorth 1" ...i_ -‘_l. 19 -1,,
1' 1' & C  23% rw 221.4 221.; _ :r,_ fro
1'
ill
ii
By LAIDLAW or co. 5.1’
Special to Johnston &_Ward
I-I E Ig;
,--.'.---_-:--1,1-_-..f&-..»<--.f .. ._ -~ .»
rs
mn
fi-n
lull
we
eel
Kiln
und
the
un
and
_a
ticu
mo
1 sto
catt
tod
sol
'~ ` Go
' com
ity
abo
d
639
ma
Me
dri
BTG
wit
G0
P1-ic
the
rn
$5.
` bro
SW
, MONTREAL. Que.. August 25-The)
l
demand for an “nes of Gish grainlllnre )Iln1ar|l'r| Llnlment en yo\s_r__l\iel&.
3
lsr 1111111; o\\'.\' 1-1u\'.\'rr: wills:
NEW YORK, Aug. 25-Nu nous of importance occurred over the week end
optimism -1-as mi.-fini in on-ning \.r1.-.~- nr _.incur inllowlns 5l1t\"dly‘s
de;-isfeiy l1o1|_1~nnt nv-,~»-ion. Tin- lint rr-n\:1ine|l |:en1~rail_v firm ihrnugla pro-
slonul operation until nimut nn-in “lien n sharp liri-:ik urrurrerl in \'ur1»
nm nnil runny 1-I ilu- oil i~.~u»s ui-rr sold in 1.ul»~11ui1i.|i \'oiurnr_ \'nnadlum‘s
-knees was uttrilniteri to 11 report tl.:i1 _lul_v nit.-rutinn». showed is lose while
ling in tn_~ oil.. latino.-_1 |.nl»l_<-.nina 1.1 me --1.-_"np" s. 0. X. J... ofrarlni or-
nr u rriti¢~l.~n\ for 11 iailurr tn in-lug 111|-nrt n liulunre hem-ren production
consumption. l'1\1"111|\urly nn gntoiinn storm are 1~xc_-ssh-r. Subsequently
wlinli- |i.~t l»_»r-miie nouivulint un-~-viii-il and tiwre wa~ little tenrlvnry to nick.
stm-lui during the lmlnnrv or tin- si-ssirin. nltliough wonkn¢.~» was not ptr-
iurly prnnou||t~ed_ \ol|1n1s renlulmui |mnlrr;1t.~ lvit no rally' ilerefopcd and
tit llisui-s 01051111 \\'l\l\ n lift. 111215 fur iilc ilily.
c-:#41: -T-_'-:-c -az :-:'='_-2 :-:ie-=_ :-: =-__: :-:  :-:  :-:E :-:-*== :-: 
ll Late Market News “H '
;.; 2 ;-; ee; ;-; --=-_ Z-I .sl 1 Z-I  2~Z  Z~: =,- =-1-2  Z-I 55:5 Zi -:JE 1-1 -__-== I-I ._=“.="
~ -._=_=s :»:
(Canadian Pr. litre today mis fair and values were l ,S
Ll\’llS'.l`OCii iiirln. Flour millleetl and rolled oat.
MONTREAL, Jue., Aug. 2_3 --Cat-1 were unciianged. A feature of tht
receipts on the two Montrcril lilc- ‘ dairy and produce markets was tht
ck markets today totalled 1.1.13 easier feeling that developed for but- -1
le. Sale was vary slow and 1-;1rl§.' _ tor, and \'aluc_=, were reduced one cent _
ay. There were iioteriough cattle per pound. The demand was fair. '_
d to establish pr;ces in small lots. Q Eastern townships number 1 pastcur- I’
od cows sold up to $5.50; light ized was quoted at 2611 cents per
mon quality steers bctwrf-1-1 3.1 pound To rolailors .=ol;ds were sold
d $6; light. thin stccrs and i';c;lC1's nt 31 cents and prints 32 cents per
ed, as low as S-1. One int of po\1r,rl. Receipts were 17 boxes. The
steers was reported at $7.10 and .choose market was fractionally low-
lot of just fair to 'nedium qual- l cr. Quebec; sold at 14-ig cents. while
at $6.35. Bulls were reported _Ontario were 15 to 151.1 cents per
ut. steady rt $2 to S3 for conimon ipound. P_cceipts were 2.234 boxes,
up to $5 for tops. §Tl1e ogg market was firm under B
Quotations:-'Calf receipts wercfqood demand. Briti_=h Columbia eggs
_ Due to a light oifcring. the calllsold ct 3-1 to 35 cents for extras.
rket was stronger. Trrirle- was ac- '32 cents for fi:-sts and 30 cents for
e. Good veal made $9 to S10 v.'.tl1i piilicts, Ontario strictly f1‘€$i1 W9"
few picked out at $10.50 to S11. offered at. 34 to 35 cents for extras,
dium good veal including :1 few 20 to 30 for firsts and 261-'_ cents for
nkers brought $8 to $8.50. Grass- E seconds. Prairie eggs were 32”; to 321
s were selling between $4 and $6.1 cents for extras, 291/2 to 30 cents lOl'
h a bulk around $4.50 and $5. 5 firsts and 2615 cents for seconds. All
od veal, 59 to $10; medium. $8 to§ prices delivered. Montreal. Receipts
common. $7 to SB; crass. S4 tel were 1,351 C8565- The fir!! &1’1'1V1\1
l New Erunswiek potatoes reached here
Sheep Receipts:--100 lambs offereditcday. They were offered It ll. to
4%: 14 '_ were of plain to medium quality. 351135 per 80 pound bags. Local stock
es ranged from $7.1” to 59 tor; sold at 90 cents ver 80 l>°und bags.
was and wethers. Good ewes and;
wethers brought $8.50 to $9.50 with;
bulk between $8.50 and $9. Buck
bs were cut $2 per cwt. Sheep , , ,
re from $3 to $5: ewes’ S3 to 53>5O.` LAND BOL_\D FOR. TORONTO
S' g°°d' 585° ‘° 595°; °°’““‘°“" iuontreal, Aug. 25.-'rliree English
5° W $8- i . ' f th Cunarder
Hog Receipts were 1,020. The bulk 1 cg.; xgeiheogmkeg here mm
the bacon and butcher hogsjmommg on their Way to Twonw
“gh” $11-75 “lm 5’ ”’°"““"“ P" ‘ ir-1-are um- niu be the guests of the
g on selects. A few small snlcs1Camdmn`NMiona] Exhibmopn In
re made at $11165 and up to $11 SE. . me r__u_>v were me mayor or Cove”
, ` __ < oi- ill hogs were sold for $1150; cxt1':1,Lw‘ F,md` Lee’ and his san. the may_
“fat Elrc  1_41§'”»i;5fi.§ 1i;iii_14;-V~1-  I h avles around $9 to $10: sous ive-re`im`0f Eaimgv Herbert Baker and MrS_
m 585° to 59' lBs1<cr. and the mayor of Hackney
DAIRY AND PRODFCE jC-cargo J. Kcech_ and Councillor
=T!-IREE ENGLISH MAYDBS
ll.-ack.
.-nr snr, »=» -_-
- - 4 -_. _... 1.
_\
2o~.,
;-;'.1_
;¢.' .
ll
4
:as ` . `
d I.
r'»f_ `
3113 j
-14
2_2
as 1.
 ,
s7’~_
in-1; V
lei; ,
1.11; ‘
4'.; l
4,\', '
I i
3;
iw,
40'-,
Tau
Stewart Jones 8. CQ
Correspondents ol
Greenshields Se Co.
Uelnbere of the Montreal Stock Exchange
ii
i i
eo
l/V/zen is “trading”
justifiable if
During recent weeks Dominion and Provincial bond
prices have advanced very sharply owing to keen institution-
si demand. This situation offers investors many oppor-
tunitles of exchanging tliosr- holdings for higli-grads Muni-
cipal issues to very good ndvuntagt-_ _
Righily practiced "trading" should result in a strength-
ening of your position or show you :1 prodi, without any ser-
ious weakening of your security. It can also result in better
diversity of your holdings or perhaps rcarrangc the maturi-
ties more nearly to flt your nrcds.
lndiscriminato "trading" with profit will lead inevitably
to trouble: judicious iraziing. with rigid insistence on main-
taining nccdcd investment quciiiirs in thc right degree, can 1
add measurably to your income.
Our Srrvicc Dcpartmcnt will gladly
prepare suitable exchange recom-
mendations on request.
Eastern Securities Company
_--Ll M i TED
w. 11. v. ovrmalt. :\1.1sAc_En.
' cnam.or'rarolvN
sr. Jomv Moivritaai. 11111;-.ix
s-
:=-=:-:-:-:f-:-:--:eff:-:-Tr:-:=-2-:-4;:-I' 1!-1 :-E23?
I s 1 1
Closing Stock Letter l il '
ii 1
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_‘__~.u».-.-¢_,,.¢..;-3-
5
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siuwcllvc UP FATHER 1 Bv G M /1 A L
1 °rc__i.c»o‘:< -¢\ cout-u_Eot= HUNDRED -°~r~N Qoi_= 1'A\.\<- url A\r~1'°r
\ FE-.Tu~1 FROM-r of-' ~1'ou AN' 'T1-\E\=.E‘5-\~1\\<\s Rees-1 1
\\io~r 52.13 A MlNlA”ruRE. <'roi_F Sesto HIM Snug; 1-ie \,./ENT
w HERE. in ‘rowu
was-ev
:_-TH
Telephenetii ___ _ ’
1 -\' G=‘-1-\’- W5 Nice 'ro be Asn: ' I Li-rs Aneo sooo No-r ~r<> HEAR
1`\'\-\ THE
ME-
f`»
‘fu
,_
)=
“VE GOTA eweu. WHA-r me . .
_los Now- mei-1-r You com? GOLF C°_ °_R%_ _“_/ff*
_ _ ... `  'ff /Y 1’
°“°°"`fl °°“ ` 5” in.  11 1 il
- eorge cl* anus
oi-1.1 1.e1=1'T|-is clncuf-5 T\~i»\'1"s t=1Ns_- ‘ \-M _\_\\g,,_n-_\._._.-._ .____._ _,___
e»oME~r\MEA,c-3o_i\qQ$~ \\~/u_\_~ ‘ 0,.; A M,N,,`-\-GRE __.
U?
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ll' ;
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*$54.5
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-- f _  __,,1:_-____-;`,_`__.
 ex. \  A A-“_m|!‘_(lliEallllS fa RA M/
___ _ A _______ __ _ _f L ___ __ .___, _ ...____ ___ ___`;*