———— was MoriayMarci-27;-187t- SN Earie-wee-the- musical-dir—— 14 The Guardian, Charlottetown, Thur., July 14. 1986 _SACROSS THE ISLAND New York Ste Distinguished City - Starts Computers Today ~ : ‘ NYSE's stock ticker every. half : hour we : ; 4 To make the new yardsticks XC ange more understandable, all five indexes have been set at 50.00 each as of Dee:, 31, 1965. The NYSE said that since this fig- ure is close to the current. av- erage price of all listed com- mon stocks, changes in the in- By AL COLLETTI . dex will be close to the real dol- Standard and Poors and the As- with prices of individual secu s 8 | NEW YORK CP -—The New ‘sociated Press ities, lars-and-cents - price shifts in York Stock Exchange starts Keith Funston “ president of “However, the exchange also a s "' lated ' Th nde is. forr e , tabulating by computer ‘today a the NYSE. called the new.com- Tecognizes that -a - comprehen- “ = ri ces tee Ynied A common stock index to meas- mon stock index “‘the .most ®'V@ Statistical measure of the Ji. my 50 ithe base’ index) By NEIL A. MATHESON ure price trends of more than comprehensive and. accurate market can be of use to the and. dividing -by the « market Provintial-Farm Editor 1.250 issues listed on the: Big measure of stock price changes gar public asain . area a -” coche of Ge bose HENRY WESTAWAY VINNICOMBE was born at Exeter, Board: available today.” ae ee ee Oe ee ees ee hy a Devonshire Cobmty, England’ March 15, 1843. He was a chor- E hang Sficial ‘ But he conceded that no i ee _SNe: Maen ~ fogs cad oe ister in Ex “athedral 57 rxchange officials hope it u ® common. stock indicator plus ‘price are determined by multi- ister in Exeter Ca ral from 1853 to 1863. He was also a " } rovi ‘ de c completely refle h “ , will help provide an ‘answer to ¢X “can completely reflect the separate indexes covering four plying the average price of the member of Exeter Oratorio and Philharmonic societies. He the question ‘What's happen- diverse price movements in a , : - listed shares’ by G di eame to Canada in 1864 and to Prince Edward Island in the ing in ao ia York stock marketplace where some 1,250 es eee et meee: change and. div ding > te bar: } 7 , : a st , ia) ‘ stilitw IV} s - following year market?’". But some experts common stocks are traded.” et een — rent index value ; I have heard a great dea! about Prof Vinnicombe since 1 fee] it won't tell any more The NYSE: he’ said, “‘contin- ‘ For instance. if the hase -mar- come to Charlottetown more than 30 years ago WA. ‘Art! aboul trends than the popular ues to. believe that investors REPORT HALF-HOURLY ket value is $500,000.000,000 and Gaude'. with whom | worked many vears at the old Patriot er Richmond Street, often sang his praises, as ‘‘an out- @ianding musician and a most talented and interesting per- gonality”’ -eAn old newspaper clipping’ kindly loaned me by his daughter Mrs. A. E. Davis, 55 Fitzroy Street, says he founded a here “which was ‘he first of that name in Canada Musician Of Great Ability | “HE WAS a musician of great ability’. the ald clipping — states, and one of the first teachers of violin in Charlotte- 7 town : i He was for many years bandmaster of the 82nd Regi- i ment band. and he was founder and leader of the Charlotte. | town orchestra He directed the orchestra in the then | opera house, ustil it became a motion picture theatre’’, the old newspaper said following Professor Vinnicombe's death in November. 1928 i Professor Vinnicombe established the City’s first band, also the first orchestra, I am told reliably Judge (Jim) Hyndman, a former Charlottetown man now living in Ottawa, is the on'y-member of the Vinnicombe orch- estra who is still alive : : It was the highly skilled technical advice obtained from Prof. Vinhicombe,.I was told some time ago, that was re: sponsible for the excelfent accoustics in the old Prince Edward Theatre, which many readere:remember with pleas- ure, “A pin dropped on ‘the stage, could be heard distinctly at the back of the theatre” ts the way one lady described the accoustica! quality to me Professor Vinnicombe used piano wires $ correct the accoustics of the building. I was told. 1 have been unable te learn just how this was accomplished Came To Prpvince On Visit 1 WAS particularly mierested in the way Mr Vinnicombe happened to come to this province. Though he was thoroughly echoled in music at home. the young man’s reason for . coming to Canada had nothing te do with musie “My father came to Canada on 2 dare, with a group of other young men who were going to the Hudson Bay” his daughter told me. I believe the occasion was 2 fold find, ar some such thing His mother, who-was a Westaway, wrote the young urging him to go to Prince Edward Island and visit Dart Westaway, Georgetown who was a large shipbuilder. Mr. Westaway had three sons and one of them who had no children of his own, took an immediate liking to Henry West- . away Vinnicombe and showered gifts upon him. This man “made things so comfortable for my father’’ Mrs. Davis told - me, that he decided te stay om Prince Edward Island. He would never leave, she soded Many Musiczil Entertainments vany clippings from Charlottetown [ am impressed by the many sinments that were made avail- And the name of HW. Vinnil- nt I noticed ~ateur Concert” ef the Athenaeum “fis Honor, Sir Robert Hodgson, t was on May 10,. 1870. yateur Concert’ under the pat- r W. C. Rebinson and Mrs. Rob- fam ie LOOKING OVER the mewspapers of the pemoc musical and literary ente able in the city at-the-tiv combe was the most pron There was a ‘Grand under the patronage of Knight; Administrator’’— There was a “Grand renage of. Lieutenant-Gove fmson in the. Market Ha!! «- May 4, 1871 * There was “Literary entertainment by the Charlotte town Debating Club’ and ‘his featured several piano-violin . duets by Sam Earle on the piano ‘and Professor Vinnicombe.” The talented pair were lis od five times on the program. On another occasion there was literary and musical enter- tainment by the Charlottetown debating club, which appear ° .e@d to-be a most active organization. There were readings, ““S5SHiS, essays and “musical “selections, with the-Eatie-Vin- micombe pair supplying all of the musical numbers. There was a “Grand Ballad Concert’ under the disting- ished—patronage_of His Honor Lieutenant-Governor and Mrs. . Robinson, the Right Reverend Hishop McIntyre, the Legis lature and the Mayor and Corporation, as.it was termed This one was in aid of “French Rebef Fund’. The date ector at this one Music Was Classical THERE WERE many of those eoncerts by talented per- formers, it is apparent the descriptive stories written about. some of the more pubilred ‘performances. In all cases the music was classical, the old reports indicate. : I note too that Miss Bessie Vinnicombe--mow Mrs. Davis— - was a featured performer in‘ many ~of the concerts. She was listed, for example, as ‘‘pianiste’’ im the Second. concert of the Charlottetown Philharmonic Society om May 13, 1902. In- deed she was the featured soloist in one of the numbers ‘‘Astre de Notre Amour’, a ‘Recitative and Aria’. 2 One of the interesting numbers I noticed called for “10 hands on five pianos’’ and they were ‘playing Mendessohn’s Wedding March. This concert was at the- Athenaeum ,which was later known as The Lyceum theatre, and it was located om Prince Street, approximetely across from where the United Church now stands Care Of Pianos Spelled Out “1 WAS interested in some rules ‘for the preservation of the pianoforte “given by Mr. Vinnicombe in am advertise ment listing him as a ‘tuner, regulator and renovator’. The room in which a-piano stands should be kept ata moderate temperature—from 50° to. 89 degrees Fahrenheit Below this temperature the wood is apt to swell and thus im- pede the freedom of action. The metals, the iron frame and the strings contract, thus making the tune sharper. “‘Abdve 89 degrees the wood of which the case is made he comes too dry.and so contracts, while the strings expand, hence the piano does not stand well in tune _ / “It is very important the piano should be protected from dampness, Mr Vinnicombe said. It should. never stand on a damp ground floor. or against an outer wall, or between two windows, or between a door and a window where there is a eurrent of air The piano should he kepf closed wher not im use. it should also be covered with 2 clotirto protect it from dust '* Mr Vinnicombe tuned fruments for many years One newspaper clipping | have im my possession say he once | “retuned a piano throughout. in the short space of 15 minutes.’ Th-s was done when wt had been discovered. just before a | ecncert, that ‘the pitch of the piano did not agree with. the her instruments " Tuning Instruments Stolen ins RIS DAUGHTER. Mrs stopped tuning instrument: » instruments, “as stolen from ments had been brought from placed, his daughter told me : i ; This occiifred some I <é4ts prior to his deaih—that would be somewhere around 1918—-and it meent the end of his | Davis. tells me that her father en his valuable case of tuning the hall of his home The instru- England and could not be re- careef in that ecapacit His daughter purchased several | instruments in New York—there were two tuning hammers | and the price indicated ! should he good ' But one of the hammers spiit the first tume her father nsed it This was added discouragement, particularly to a man who had.long newt to the best of instruments It eonfirmed: his opimion thet be could not carry on without. the instruments he had lost aud he never_could.geta_trace of them, his telis me I RETURNED. last nis te at the Annapolis Valley toso--n farms TH be talking about ® w@ pext week's farm columm 4 heer accuse augnier averages put out >by Dow Jones. t from an interesting two-day tour | — should he concerned primarily Results: will be sent. on the the current. market value $550,- x icine ¥ 4 100.000.0900. the current would, be derived by mutltiply- ing the current market value. hy 30.and dividing by the base market value. The answer would he 5500 The change in the Vaver age price will be shown in points and in dollars and cents 4 decline in the common stock index of 0.80 of .a point Would reflect a decline in the market of 50 cents a share. A proportionate decline in. the Dow-Jones industrial average at mid-1966 levels would amount to nine points, the NYSE said. DIVISOR CHANGES The Dow-Jones 30 industrials index is a weighted one, using a divisor that is changed often to take into consideration many factors: Generally, a point change in the average equals a slightly” higher money figure thah that placed by the NYSE— closer to eight cents a share The Standard and Poor index, ¥ ls Ultra the ultimate index of 500 stocks, generally the most respected «one, is derived by eomputer-and it is based -on eurrent market value A ‘point change nthe ndex equals about $6,000,000,000 in paper value The Associated Press index ‘of 60 stocks works iff much. the same way as Dow-Jones It also uses a changing divisor A point in the AP average is equal to about $1,500,000,000, in paper value At the end-of May, there were 1,632' issues listed on the Big Board ‘including 1,254 common issues Shares’ outstanding — totalled 10,507,000,000, With com mon stock accounting for 10,339,000,- 000 shares As of May 31 all issues was the value of $507, 768,000,000 lwith common stoek worth $498,- 547,000,000 ( If the NYSE tndexe# reach levels far above the average inpremium gasolines? _We believe itis. 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