4i in: l! Illillll’ ..l'|Il|l, ==s “:l?f.yn]fio?r' gpgaoryfidgg? olbenrdhtaslgleivxbluggryliwllold ibilgstlte sbex." -—~1.£¥1l1"vQ12l919ll-_ zs-—':——— ‘i ‘ISLAND TELEPHONE CO., LTD. 6% FIRST MORTGAGE BONDS MATUIIING SEPT. 1st, 1943 T0 YIELD 4% F. J. BRENNAN & COMPANY LTD. E. M. BAGNALL-MANAGER. Bank of Nova Scotia Building Charlottetown 2e per word; Classified 2c per word; In clural and Spiritual Offerings, A i ti n, 70c pcr inch or 4o t; 21°51: pbr inch. Other rates Minimum charge for any nuvcn ___ Fsriais __, h... some ._ 1, r n. r. ELECTRIC 1110101’, 1 mixer. i izrluder- 38 Elm Ave, L-260-1-21-31. "ronrssiiir: AT . Eectric light plant. Bentty Pump and cylinder. Aim y B- 0- Web- s.er__M1i_tou. L_-_281-1-23-3i. T -4- i l-‘Olt SALE—4 DRIVING SLEIGIIS in goocbcondiéitgig} Apply Parqu- - ~ e. lisrson very L_‘393:1:24l31‘ Fsmaigllrlilflaggigl: WANTED EXPERIENCED MAID for general house work. Apply Mrs. Frank Hogan, Rocky Point. _P. E, 1._ __ _ Lzm-L-Ztf-l- \VAN'IlED—CAPABLE WOMAN T0 help with housework. Good wages, "A3 Guardian. L-276-1-23-3l- ____,________ W/ilNIgID E- ligltltSl-IKEEPEB. AP- ‘ 1C5. M u“ “m L-252-1-2l-24-26. “Km” " W‘? l°"m°""i’i‘§5‘¥ houscwor . pt) Y 3 IPrincc. __ L-297-l-24-6l. Male Help Wanted |=~__—:—mm-i—:::r .2 _: APPRENTICE WANTED TO learn Barber Trade short Course expert training. Molar Burl?" College. Halifax. N- - $0 O6 §§¥Q§4+¥§-&Q#—9-O++O§-§§— STORE T0 LET Store on Queen St. lately occupied by R. P. Simpson first class stand near mar- ket. Immediate possession. Apply at office of . T. B. & D. J. RILEY, 49 Queen Street Professional Bards o. r. Anoiiiiiiiio I Chartered Accountant 140 Richmond Street Phone 47. P. 0. Box 12 MCLEOD 8i BENTLEY W. E. BENTLEY. ILC. J. A. BENTLEY. ILC. C. F. BENTLEY. LLB. Barristers and Attorney-st-Low MONEY T0 LOAN 1B0 Richmond Street j: ':_= MocGUlGAN 8i TRAINOR MARK IL MMGUIGAN. ILC. C. ST. CLAIR TRAINQB. B.A. "mint-n. Solicitors. rm. MONEY T0 LOAN Office: Over Provincial Bank. Jlrhmond Street. Charlottetown V. mun: a. l-IASLAM Bonk B! N 0 Se t cit-blind l P ill aONEY T0 i OAN IEO. Box I27 CUTCLIFFE l, ANDREWQ FUNERAL DIRECTOR! I 5ND EMIALMIBB "It" River and Bradalhsne ti. F. McPl-IEE, t. A, K. c. "i NOTARY. u. lwlllfll. soucnon RL> C _ nu. r. intuition mmmllgm so man v. s t... Ilnhten and lolieltors Piion Advertising Rates-Payable in Advance Minimum Charge for Any Advertisement 25 Cents. ‘entrsl Guardian locals. 4o per word; Western and Eastern local: b Announcements and Coming Events 2c per word; Memorinm Notices. 70c per inch; Lists of Cards etc., 4c per name: Letters of Condolence 70c per inch. Wedding engagement 40 words for $1, and l0 cents for every additional words. Notices of Thanks and per word. Lists of Qubscriptions on application. ‘ emeut twenty-live cents. Wanted wound)”: TWO~ noofisfianp board for coupe with small child. _Phone_625. L-Zfil-l-Zl-Iii. WANTED QUICK - 4 TONS dressed poultry. Have advanced my price on all grades below M. F. . W. P. Smith 8t Son, _ Stanley Bridge. W" L-253-1-21-3i. Agents Wanted ___ AMBITIOUS MEN! WE WlSlI T0 contact you for stead employ- ment, good pay, in ependence. Everybody buys our 200 guaran- teed products. Higher Lower prices. No expsriencg nee - ed_ Your success makes ours. so we help you. Bl‘: continuous repeat sacs and profits. No risk. Free catalogue and detalis. Fnmiiex Co., 570 St. Clement, Montlrleiai.“ Stock Prices Topple Under Heavy Selling ‘ MONTREAL, Jan. 23 —-(CP)— Selling order flooded the stock market today, carrying prices one ‘to six points lower. Heavy pressure, said by brokers > to have been induced by a gloomy international picture. battered the list throughout, inflicting damage on all sections. Montreal Power. the sole advancing issue, held a gain of 1-8 point at 30 1-4. The maximum loss was shown by St. Lawrence paper preferred, off 51X points to 34. Drops of n. point or more sppnered in St. mwrence Corporation preferred, Howard Smith and Price Brothers. Other papers. along with the oils, declined froctionally. Losses of 3 l-2 points each cropped up in Nickel at 49 and and Hudson Ba Mining slipped more than a po t each. Holllnizer lost o. fraction, as did C. P. B... Dosco. Building Products, Canada Cement and Brazilian. Behind one to more than three points were Dominion Bridge, Steel of Canada, the preferred, Canadian Car, the preferred, showinigim and Notional Steel Car. Total sales: 134,200 shares: in- dustrlals. 45,700; mines, 88,500. Bonds, $4.400. I Gram WINNTEG, Jan. 23 —(CP)-— Late selling, reflecting stock mar- ket declines and easier rices at Ohlcnao vrfl-wd out of o sci-is Bflins mode on Winnipeg wheat futures market today. Closing quotations were 1-8-1-4 cent high- er, with May at 62 1-2, 63 1-3 811d Oct. 63 3-8-1-2 cents. Liverpool registered gains of 3-4d-7-8d 1n firm trading influen- ced by the unsettled European political situation. llo You » flood Money $50 - $500 ‘l lend money to pa, bil to lldbfilflltl, u; crumb.” any useful purpose, No embarraui . time to borrow‘: oguecd- doroerl. census rmmcr . EASTERN tmnro Phillip’! Building C lton Street conciliation. r. s. r. I40! for Cor-tldeutlsl Slln _ Stocks Noranda at 75 l-Z While Smelters "E1 3° E hanoe xc J (Canadian Press) 51mg; Close Harvester 53 7-8 Int Tel Tel 8 1-2 eoott 36 1-4 Mont Ward 44 1-4 Murray Corp 7 1-8 N Y Central 17 1-2 Naitl Cash BM! 21 3-4 New York N H 1 l-B Nor Am Co 3 NorkPocific l: 1-6 Paramount l0 7-8 Penn R R. 20 Phil Morris 91 l-2 Phil Pet Co 3B 5-8 Pub Seo- N J 33 Pure Oil Co 9 3-8 1o K O 2 1-4 Sears Roe Co 691-4 South Pacino l6 3-8 Std Oil N J 46 5-8 Stude Corp 7 1-8 Texas Corp 44 United Air 34 1-4 United Corp 3 United Drug 5 United Gas BUD 11 3-4 U 5 Rubber 42 l-4 U S St Co 58 Am For Pr 3 Am Radiator 14 3-4 Am Tel Tel 152 . Am Waiter 12 3-4 Anaconda. 27 3-4 Aitchlson 33 5-8 All Relin 21 5-8 Bolt Ohio 5 l-2 Baldwin L000 13 3-8 Bendix Av 23 3-3 h Ste 63 3-9 Cfhes Ohio 32 1-2 Chrysler '11 1.2 Con O11 8 5-8 Commonwealth So 1 3-4 Corn Can 39 1-4 Con Edison 30 1-4 (‘o1 Gas Co 7 Corn Products e3 Curt Wright, A 22 7-8 Dunrnt 142 1-2 FYI-cc Auto Lite __ Elec Pr Lite 10 5-8 Gen Elcc 3a 5-3 Gen Foods 38 5-8 Gen Motors 43 3-4 Goodrich 201-2 Goodyear Tire 30 1- Goodvear Tire 30 1-2 Git Nor Pfd 24 "udvn Mot O61‘ 7 I-8 U S Ind Al 20 1-2 Vanadium 25 Warner Bros 5 3-8 West Union 2i West Air Bmke 26 3-8 West Else 104 Woolworth 49 i-Monireal Curb (Canadian Press) Abttlbi Com Alblitllbl Pfd Melcihers A Price Com ' Price Pfd New York Curb (Canadian Press) Stocks Close Am Cyan B 23 3-4 Gas Elec 33 1-8 Super Power 3- Brovm Co Pfd 16 1-2 Brown Rubber 4 9-4 Marconi 1 Cities Service 7 Creole Petrol 22 1-4 nd Share 10 3-3 Crulf Oil C0117 38 H 1c 86 I-2 Iricldheed Air 28 5-8 Niag Hudson 8 1-9 rpm on s 7-8 Gov — Lone Star Gas — O Currenczes MONTREAL. Jim. 23 —-(OP)— Pound Sterling strengthened 1-4 of o cent on Montreal foreign ax- changes too by Pound Sterling at $4.70 13- 6 while the United states dollar was up 1-33 at 11- 16 prunium. French francs finn- ed sllghtly to 3.66 cents. NEW YORK. Jan. 33 -(AP)-- The Dutch guiidsr dropped 181-2 points to 54.09 todadv in terms of the United States ollsr inhsovy trans-Atlantic movement of funds to this countfy. Reputed activity of the British control. however, kept the Pound Sterling and French franc relatively steady. The Poundclos- ed 3-8 cent higher at 4.67 5-8 but the franc eased off after early strength, closing .00 3-16 cent‘ lower at 2.64 l-8. The belga was up .00 1-2 of s cent and the Swiss franc down .01 cent while the Canadian dol- lar was unchanged at s discount of 11-16 per cent. MARKETS Al‘ A GLANCE (By The Canadian Press) Toronto and Montreal -Siocks closed lower New York -Stocks lower Winnipeg —Whest l-s to _1-4 cent higher New York -Cotton. coffee and rubber lower; sugsr irregular. ._..%___ FINANCE NEW YORK, Jan. 28 —-fAP)— Poreign exchange: Great Britain demand 4.67 3-4. 4.07 1-2. 4.67 s-a; 60-day bills 4.0a iii-is: de- mand: Canada .99 5-16: France ral-lizzmrmsny 40.08 1-2: Italy __.___.__._- TOTUB RECORD PROFIT Iblfflt -( 30-6,“ 9.99-1.09 ' ' t Oitlcs lIoors-fl Bah-rd!!! cm- Record pro- fltswaosmsdg the Tote i 1933 with “betting excldeding “it.” fir? airmail’ 7812'” in» Exchange (Canadian Press) Stocks Close Bell Te! 109 n 8 Silk 4 B C Power A 22 3-4 BldR Products 15 3-4 Con Cement. 8 1-2 Cari Nor Pr 16 Con Oar Found 14 8-4 Can Car Pfd 31 l-2 Con Pacific 5 Can p 2 1-4 Celanese 12 3-4 Cock Plow 7 Cons Smelt 53 Sean -- Dom Coal Pfd l6 1-2 Bridge 31 1-4 Dom Steel B 9 7-8 Dom ‘Pextiie 57 Drvden 5 Foundaition Co 10 Gen Steel Warm 6 3-4 Gypsum 5 Bow Smith l0 3’-4 D Tob 15 7-8 Int Nickel 49 Int Power Pfd 76 Lake cf Woods 15 1-2 Massey Harris 5 1-2 McColl Front 6 3-8 Mtl Power 30 1-; Nat Brew 41 3-4 ‘ No/t Steel Car 54 3-4 Norenda '76 Power Corp 11 1-2 Quebec Power 17 Shswinlgen 20 1-2 Sou Can Pow — St Law Com 3 3-4 St Low Pfd 12 1-2 Steel of Cari '73 Steel of (‘an Pfd 72 Win Eleo A 175 Win Elec B 185 (Canadian Press) Stocks Close Canada. - Commerce 172 Mclntreal 214 Nova Scotio. 300 Royal Bk 189 1-2 t Lzvestock/ MONTREAL, Jan. 23 —(CP)— Receipts today on Montreal live- stock markets were: Cattle 666, calves 839, sheep 394, hogs 569. There was a very light offering of all kinds of live stock. Cattle and hogs were 25 to g0 cents higher. Calves were stea y to 25 cents up. Lamb prices were un- changed. Good steers were mostly $7 to -2 l $5.50. $7.25 with an odd small sale at $7.50. Medium steers made from selling up to $5.50. were mostly $5 to $5.25, odd top Medium quality butcher [cows were mostly from $4 to $4.- 50 and common $3.25 to $3.75. Canners and cutters were from $2.50 to $3.25. Good bulls made from $5 to $5.50, common from s4 m $4.15. Calves were steady to 25 cents higher quality considered. ‘There were no tops. Medium quality veals brought $10 with fair to medium kinds in mixed lots at $9 to $9.50 and common light- vesls down to $8. Drinkers ranged from $5.50 to $7. Grassers were $4.50 to $5.25 with the bulk at $4.50. A few good ewes and wethers made $8.50. The balance of the lambs were practically all bucks and were mostly $7 with an odd sale up to $7.50 Sheep ranged from $2.50 to $4.50 with the bulk st $4.50. Hogs were 50 cents higher. Bac- ons were $9.50 fed and watered. selects drew $1 per hog premium. Butchers were $9, hesvies $8.50 to :0 and extra heavies at $8.50 to $9.25. Light hogs were $9. Sows were from $7.50 to $8.50. Hogs sold on rail grade brought $13 cold weight. Produce Prices MONTREAL. Jan. 23 -—(CP)— Butter prices finned frsctionslly in quiet trading section of the modlty exchange Canadian com- ohter offerings remained standstill. Butter spot: Que. (92 score) 22 5-8-7-8; Que. (38 score) 31 7-9a; Que. (02 score) buyers’ inspection not returnable at 33 1-3. Cheese t: Unquoted. : Butter and cheese 22 7-89; liieb. 22 3-4a; March 3 . MCNTREAL, Jan. 23 --(CP)—- Butter and cheese prices were steady to firm on open uce markets here today while eggs remained unsettled. the Domln on Department of Agriculture ported. ‘Creamery butter prints to rs- tsilers sold for 34-24 1-2 cents s uhd and solids for 39 l-2-24. cistern butter was unquotied. Que. No. l pasteurized butter in whole- sale Jobbing lots was 23 3-4-7-8 for regroded. Ont. white and colored cheese sold for 12 1-8 cents a und. Graded egg shipmcri in used free cases were offered at 24 cents s dozen for A-lsrile. 21 I01‘ A-iflfll- lum and 20 for A-pullets. I Potatoes: N. B. No. 1 90's 1.05- l.10; N0. l nits 50's 70-72; P. E. I. N0. 1 mts 90's 1.30-1.35: P. E. I. N0. 1 whites 90's 1.25-1.80. DUCKS LOSERS S.—(CP)—Hnl1'Y . N. for a scarecrow and yesr unquoted. Butter futures: Jan. 2'8" Soon the crows and plgeo ed of the free meal and now th-y infest his “tsble"-and the ducks come off a poor third in the daily rations. ESCAPE INJURY HALIFAX, --(CPi-7‘hree mem- bers of the cost of the Innd‘n Repertory Comnsnv narrowly ‘s- l today whue mos; attack of nerves resulting, M 9, igydkfrmn the cloudier foreign out- Que. (a1 score)‘ a1 8-8s. Sales: 100 were quick to p -- “For mARvQrr-LTQWN QIZABPYA" STOCK QUOTATIONS ‘THE BANK 0F I N. Y. Stock MontrealSlock 107th Annual StatementI As At December 31,' 1938. An increase of over $10,000,000 1n dc its, ll‘) Ill-time year-end 1118b iirure for total assets and “minke approximately the some as for the year cvious feature the Annual Sta. ent of The Bank of Nova Sootiii, which is published today. 1 Deposits st 05331454 are now at the highest year-end fig~' ur in the h f th bank. Ngn-interest odepozits‘ gay.‘ o . the public show an increase . 468.676, interest-bearing are up mums. Deposits by and bal- ances due to the Dominion Gov- ernment sre $308,699 higher irhsn last year. Current coin, legals, not/es of and deposits with the Bank of Canada, notes of other ll. F. PATTERSON General Manager b91135 5nd fomllnficuitrenqes- total 533.010.3443. which Ls 12 per cent of wtal liabilities to the public, practically unchanged from last Year. Readily available assets are $191,361,693, which works cut. at, 70 r cent oi’ liabilities to the These percenfosfl indicate the 5170113 working capital position of the bank, a feature of its state- ment for many years. Investments in Dominion and Provincial securities. municipal, railway and other bonds and se- curities, ail shown at not exceed- ing market- value. are $127,(D2,096, an increase of $6,408,057. Call loans st $9,405,382 compare Willi $10,712398-—down $1,262.0Cfi, d -: a result of the decreased activity in the stock and bond market. Current loans in Canada It 8906714193 show an increase of $8,409,909. Current loans and dis- counts elsewhere than in Canada are down 91.172548 at 914.971.8011, while loans to Provincial Govem- menlfi. cities, towns, municipalities and school districts show an in- crease of $977,948, The total assets of the bank st $309,305,815 are up 89.826113, Profits, after making provision for Dominion and Pflnrincial taxes of $535.80? and after making ap- Pfobrlations to contingent ac- counts, out of which full provision for bod and doubtful debts has W! war Dividends in the oneount Premises. Undivlded profits were increased on the year's operation from $915.56 to $1,031,228. It is of interest to note that this is the 107th Annual State- ment of the Bank. The Annual Mews" will be held in Halifax on the 25th instant. Sharp "Break" In Prices On New York Mart BY FREDERICK GARDNER Associated Press Financial Writer YORK, Jan. 23 —-(AP)—— NEW on u“, produc, {Stock market prices crumbled to- day as Wall Street suffered a new primar- Steels and motors fell idl st the rap y start and other groups follow. Lenders closed with losses of one to 51x points generally, around the lows of the day. A few were off eight to 10 on relatively snail turnovers. Gamma-snug “Press average oi’ 8 s ropp 2.1 points to 48.8. the widest break in this com- posite since Sept. l3, last. The Canadian Department fol- lowed tho general market with several sharp breaks. Domc drop- ped 1 l-il points to 31 7-8. Inter- ‘nstionol Nickel 3 l-9 to 49, Mc- Intyre 3 to 51 1-2 and Walkers 3 to 44 l-I. Canadian Car slipped 2 points to 31, Ford one point to 31 8-8 while Distillers Sesgram, Dominion Stores, Brazilian, Hal. Oil, Lake Shore linger. Imperial an M Harris s11 registered fractional ones. Prominent losers in the domes- tic list included ersnll-Rond at 100. off i0 00in ; llied Chemi- csl S. off oi ht: Bethlehem teel 8-4. off 1- J. I. Cass 00 M. off 0 1-2: U, s. Steel so. off 4 8-8: Johns- ville oa l-2, off d; DUDOHB I43 I-2. 0M 6 l-2; Qhfysler 71 1-2 ,ofif 9 0-8: Mont- gomery Ward 44 3-3, off 9 7-9 and Santa P as 6-8. off a 5-3. UNDATED MONEY BOX Closing exchanlo rates At Montreal —Pound 4.70 13- 5g: U. S. dlr 1.00 11-16; ironcl- At New York --Pound 4.67 5-8: Cc-isdian dlr .99 5-16; franc 2.64 1-8.- - At Paris —Pound 170.99 fr; U. a ‘dlr 37.95 fr; Canadian dlr 37.- r In Gold —Pound 11s, 5d: U. s. dlr 59.44 cents: Canadian dlr 59.- 03 cents. A weight attached to the _ drop our PM s‘r""" the concreie wall. pub c, also unchanged from 1997. : 01' $1,440,000 were paid to EhBN-, holders. Officers’ Pension Fund was credited with ciainm whip; $35000" was written off Bonk‘ l i l l i 107th Annual Statement The Bank of Nova Scotia clplill Plid Up Reserve Fund ‘1290001000 $24,000,000 " PROFIT AND IDSS Balance December 81st, 1937 . . . . . . . . . . . . . . . . . . . . . . . . . 915,456.88 Net profits for the gear " Dscembe 31st, 1938, after Dominion and l Provin taxes 535,878, 10 and after making op ro riations to Con- ’ tingent Accounts out of which accounts full provision ¥or god and Doubtful De ts has been made . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,980,769.91 Dividends Nos. 273, 274, 275 and 276 st 3% per quarter . . . . . ; . Contribution to Officers‘ Pension Fund . . . . . . . . . . . . . . . . . . Written 0B‘ Bank Premises. . . . Balance carried forward Decembe 31st, 1938 . . . . . . . . . . . . . . . . . GENERAL STATEMENT AS AT DECEDIBEII 31st, 1938 _ LIABILITIES Capitol paid up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 12,000,000.00 Reserve fund . . . . . . . . . . . . . .._ . . . . . .. .. 2 000,000.00 Dividends declared and unpaid . . . . . . . . . . . . . . . . . _ 860,976.05 Balance of profits, as per profit and loss account . . . . . . . . . . . 1,021,226.79 i _ _ ——-i—-——-$ $7,382,202.85 , Notes in circulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 8,674,539.70 ‘DCEOEICI by and balances due to Dominion overnment . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 675,191.34 Deposits by and balances due to provincial governments . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,146,511.54 Deposits by the public not bearing interest. . 69,237,864.81 De "ts by the public bearin interest, in- c uding interest accrued to ate of state- ment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181,231,486.43 253,291,054.12 $261,965,593.82 De osits by and balances due to other chartered banks in nnada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,194,164.09 Deposits by and balances clue to banks and banking corre- s ondents in the United Kingdom and foreign countries. . 2,303,206.86 Bill: payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,732.49 , $2ee,51s,s97.20, Acce tarices and letters of credit outstanding . . . . . . . . . . . . . . . . . . 095,261.83_ Liab 'ties to the public not included under the foregoing heads . . . . . . . . . . . . 314,653.30 ASSETS Gold held in Canada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,986.33 Subsidiar coin held in Canada. 343,505.90 .4 Gold hel elsewhere . . . . . . . . . 2,121.42 Subsidi coin held elsewhere 1,466,733.21 Notes of ank of Canada. . . . 4,482,897 50 Deposits with Bank of Canad . 19,736,566 44 i Notes of other chartered banks . . . . . . . . . . . . . . 373,524.25 Government and bank notes other than Canad it . Ch ues on other banks: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._ . . . . . . . . . . . . . . . 9,946,054.61 Due y banks and banking corresponden‘ elsewhere than in Canada . . . . . . 11,852,912.32 _ , $ $4,809,213.75 Dominion and provincial government _d1.I0¢Q and guaranteed securities, maturing within two years, not: exceeding market value . . . . . . . . . . . . . . . . 3,020,715.12 Other Dominion and provincial government direct and guaranteed securities, - not ex ing market value . . . . . . . . . . ._ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,792,695.71 " municipal securities, nocexceeding market: value. . . 12,877,157.71 Public securities other than Canadian, not; exceeding market: vslu . . 936,296.28 Other bonds, debentures and stocks, not: exceeding market value . . . . . . . . . . 13,465,232.08 Call and short (not; exceeding thirty days) loans in Canada on stocks, doben- , tures, bonds and other securities of a suficieni: marketable value to cover. 6,941,908.01 Call and short (not exceeding thirty clays) loans elsewhere than in Canada on stocks, debentures, bonds and other securities, of a sufiicient marketable value to covet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,508,474.87 _ $191,351,693.59 , Current loans and discount: in Canada, not otherwise in- , eluded estimated loss provided for . . . . . . . . .. . . . . . . . . . . .8 $0,671,903.69 (m1 Current loans and discounts elsewhere than in Canada, not h _. otherwise included, estimated loss provided for . . . . 14,971,B03.43 hat” Loans to provincial gove- ants . . . . . . . . . . . . . . . . 1,184,261.25 ' , Loans to cities, towns, munici alities and school d . 6,045,406.60 Non-current loans, estimated oss provided for . . . . .. , . . . . . . 497,691.92 $103,87I,066.83 Liabilities of customers under soos Mortgages on real estate sold b Bank premises, at not: more than cost, less smpunts written off . . . . . . . . . . 6,309,031.89 Deposit with the Minister of Finance for the security of note circulation“ . . 492,842.44 ,1 Shares of and loans to controlled companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000.00 i Other assets not included under the foregoing heads. . . . . . . . . . . . . . . . . . . . . 92,647.32 , raoososainza 1 WW l J. A. McLEOD, P ‘dent yt H. F. PATTERSON, General Manager Auditoro‘ Report to the Shareholders r We ha It with tho books at the Chief o bar 81st. l 38 ve examined the above General Statement of Lia fies and with on hand at the Chief Ofiee and at the Toronto and Montreal Branch _ v Deccan 9 We have obtained all disinformation and explanations that we have required, and in our opinion the certified the translations of the Bank which have coma under our notice have been within the We report that in our opinion the above rtotcment. "' ‘ books of the Bank. gtsnces and letters of credit ss per contra 5,095,261 83 i s bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " bllitiu and Assets as at December 31st 1938. and construed returns from the Branches. The Bonk‘: investments an cull a were confirmed by ua at tbs ' were the Bank. tbs true condition olwtlie Bank and is u shown by the l D. MeK. MrCLELLAND, F.C.A., a 2,aoa,22o.7o ' ..s 1,440,000.00 .. 155,000.00 250,000.00 ........ .. 1,021,226.79 S 2,896,226.79 $309,305,815.23 s aa,o1o,24s.ss , 93,271.33 close bueinms on cuss it Co. .C.A.. don‘ Dilwortb I Nash } sonic-s.‘ l i coped injury as they were faking bnsakinw off thrze oi s of - , curtain calls at a Halifax thesis-e. crete which fell near the; playyeorg. of Price, Wntcrh crrxcnsmrson r Tosano, Cumin, 19th January, 1939. of Clarklon, Gor \ , _ _ Home Oil 246 Houiest 21 M NING Mei a Hod Bury Min 32 B. 38 1-2 e1 49 1-4 Jock Waite 38 ONTO, Jan 23- accla 10 1-4 (Canadian Press) Jelllcoe l0 1-4 J M Con 8 Stocks OHM Ken- Add 17o Kirk Lake 126 Acme Oil é!) 1-2 Ilgfiimgh 47 3-4 Alderman e on 13 1-2 Lam Cont 2 1-2 110 Louisiana Amririeic 11 Lupe. Cad 4o 1-2 Ashley 8 1-3 Lava Cup 83 Astoria. 4; Lebelh0ro 78 3-4 Auntie 7 17 1-2 Little L L 315 Bankfield 3° sao B“; 26 MacLcod 271 Begf m; 24 Marleen 4Q EGAN/IQ 130 Molar-tic 52 Bidgood 23 Man East i 1-3 Big Miss 15 5 Bqbvlo I4 34 Ivflvrg 5Q Bfulornt 11 WK no Brit Dom 13 Vcvittic 10 1.4 51 Mn Corp 175 Brown 011 33 vdel a4 Buff Can 3 Cul m 213 Munafa 3 Calmont 40 1-2 17 1.4 Cdn M 02 Navbob 41 Oarlbro ; 280 Newbec 5 Cent Pot 247 Nswnoid 20 .n Porp 7 Nibisinit 171 ICRC-m roe 4s Nornnda 7o Ghcster 133 d 4 3-4 Chromium 55 Nominal so mm . 142 Nor 11km: s10 , (21th 24 1-2 OBri-en 265 Darkwsxer 7 117 Davies 39 01g! Oil 2 _De'nison 13 l.-4 Omega Dome Oil 32 Oro Plata 42 Dom EX 2 3-4 Pooalta 7 ; Dorvsl 5 1-3 Pumour 425 ‘East (k651i 8 1-8 Portland! 7 East Main/mo 226 Psuicre 5 , Eildorado 191 Psymoshrr 51 , Phlcon 515 Perron Gold 158 ulken 6 Pldk Crow 510 rec Kiri! 6 Pioneer 2.00 Bkxindaticn l2 Powell 210 Francceur 22 Prairie 21 Gillies 14h 8 I-2 Premier 218 om 3 3-9 Preston 14s Gods Lake 23 Pros Air so Goidulc 22 Quemont 15 Gold Danie o Reno Gold figh 3 i-l niche a Gr Bousq 3 1-2 Rondo 24 Granada ‘l0 i-2 1109111410 3a Gnndoro 6 1-2 8t Amh 13 1-2 Gunner Gold 50 Sen Ant. 25 Halcrow 2 Send River l5 l-2 Hsillwell 5 1-7 Shawkev 3 1-4 ""v"'rI'rck I63 6CD CNQK 98 Horker '1 Rhsrritt . 11s ‘if as“ 1:: en 14 14 - e ‘l i-I S E Pete 5 1-2 Spy Hill 3 Stadacone 53 mo. 600 Stmw lake 8 Sturgeon 23 ~ 350 Sud Cont l1 l-l Sullivan 90 Svlvanite 330 Teck Hutch 435 Texas Corp 120 Toburn 200 ilowagmao 32 Chi 141 Unit Oil 12 Venii/ures 535 Vulcan 65 Waite Am 660 Wendizo 14 te Am RM 9 West Turner 5 l" White Water 4 Wil y C 8 Wcod Cad 16 Ywri Harg 840 UNLISTED Brett 3 185 Dal Oil 41 Foothills 76 ills '76 Kirk Town 11 lsko Pawnee Kirk 1 1-l Pend Or 1 Tiemisk TORONTO, Jon. 23 —(CP)—-— Influenced by the action of New York and London markets and the European outlook, Toronto stock exchange listings suffered their st setback since September today. losses ranged up to 4 points and the majority of issuer clmed near the day's lows. Volume picked up to 973,000 shores on the recession. International Nickel closed with auploss of: Stat-g at g) 1-4. gar-and; s 6 an Smel rs an l-ltuliedh Bay dropped more than 2 each. Waite-Amulet was hom- mered down 95 to 6.50 and reces- losing B an Mutton, Pacific. Abitlbi, B: A. Oil, psrisl Oil, International Pete and I'm-d A. . .. . -_.-.