wyiEMBEK s. 1934

MARKET

GOSSIP

' S i l \\‘ d 1m" 8 w). Johnston ‘$131M 1"‘ l

1'l\‘.\.\'(‘i.\L columnar. saws

U,’ Qua, Supt 7—On the stock market have acted durlnt! 111° characteristic

lit>.\'i‘lli<2. u..-

.. . <- llucss. I" l- Ill-yiiilllid‘ tbrouflll l" 111" i " Filflllgllll,’ volunlo this week has "mi liruliliiiliiiiiliilflii hill fllilllilia" |'l‘ili‘. lrly arc nut under ally ‘.u,.._ while the pnwcr stocks . l-alht-r disappointing featur- “st the utilities it is striking , pus continued a steady .1 H‘ applaud for llcll Telephone .lu.-<nll-'_"' 1H,,“- Cas 0f Toronto sold 1'1" 3' ',‘.',l,“,,|,p. Par" for the first . "tilflfi This is only U"? H, nvcr twenty that this L g mg“ lnvcstuit-nt rating “bwn quoted zit 200 or over. .,,,.. yoilliiiNiiflfy on the trend '\ sflliltililli values is to he found in "l “W, ,;.,,,,,l offering to be announ- 111“ “‘l‘l.-_,pnlt0fl of lit-auharnols Light " plat-.... 51,1; pcrccnt first 1.00.1. Ivy llit‘ salm- syndi- ‘1. illwilii-Ziil out Ihn 515.000.1100 ' ‘flu: 110w iilSfilU u‘ l- exal-tly nix points a ore e 0 nfrl-rlug to yicld about 5.40 .\<-|-0r<lil|g t0 a current esti- ,. lll-svrvl-s of Lake Shore , |l,~ present. price of B0111 l, "pa-alas of 510.750.0011 (‘iliil- rlv thrcc yours lnlll sup- ii‘l opvraiiiiig rate.’ Tho lrdt-d as conservative.

5.... ills

"till )1 ;‘;;jf,',‘,'_,_,, _.,...1. 101'. prawns

IIANON SAY!

~~~ ,_\l., _ Sept 7—A feeble ‘tom! l-xtlgilo Wednesday's ad-

ii ‘i! lnalcc any headway in

> s. sinll- but"; ill the [at l..~t l[I]I4'li|'(‘ll \\'iit'll l'ultcli ~11. -llul;_' ill-aka sharply out n! .\~~':..l.-.i lint‘. intimation. This is-

nlii iliil‘i_\’ reach ii‘: before liqui- ls its course. lt-sterllays tinli is nun-bullish. Prices, lull-c not iudlt-atcli that the uill gt. f:|r nu tlu~ downside. that tho lundvrate trailing rccnlnniclirleti in At.- =1'|1 Futon, .-\n1n 'i‘nbal-cn lianvillc on Weducadlul

n hi.‘

Banon. FIX.\.\'(‘I.\I. COFNSEY s/ixs ;lj_\l._ Qua, Sept T--'i‘ilc nn-

~l that ranlc into the market ll S

llfi\'l'l

l‘.’>'ii 111W

. 1.. That stock ital-loo int-m- 121 hut was receiving: iht‘ cnd of the first

allian. markets unro

lug n N Y load The 1111- llrlyin; p. illll" nt‘ all null -i.~l was anti revision nf vlcws with 1.. lilt‘ silv9r issues already lllzlliy Fltu-‘ulaicll, should have tonic

stocks wcrc quiet at the . t

;_ ,.~.nl: prevrllh-d l w i only 1mm- irrl Jlliifilit"; nntvd.

u rims wvluplctcs lls fiscal

if lhi. umnth it is undl-rstnod that u... [ivfilili as a whoin was a good rue lvizh nct earnings substantially

lituli.

:lu~ ltulll-rsizltllliug that tho ll-vl-taplnont in thc mine is along most cncouracin: it is it‘fil'lll"(l that thc ncw .|i Silver Exchange will he w business bafurc Oct lst. Ric- "1. ..- .-r _'tlc iil'\\' markct arc Ilclnl: lrhpn-l inu- shapc A nnluhcr of s. i' sis will rlrnimiti)‘ tnkn

_.rt ill tilts luarkl-t which . ~11 attract considerable puh- |.r u rust

ni’ Graham F Towers as urllnr of thc New Pcntral livllk of Faullda has ill-cu well rc- u-uwwi .-lu-l clarifies tllis ilupnrtzlnt. awe on the purl. of the lrovcrnnuznt

’ ‘structure with this additional biuiilty. ‘

morniul,’ Whole upward movement in the stock

Unfortnuais.

lxl"v~l.l.;; the $5 dividend in the cem- _

?-i|l'!~~:t .\llucs. upon which an i11- - 1i\lll‘|\ll will probably he dc- ll !‘.l>~ mouth. is il"iil,'_' ilI‘t'lii\liii-

Banking needed

to provide the Canadian

CLOSING LETTE llONTlll-IAL, Que_ SQL" 041-“,

untrkets that made steady progpegg until midaftcruoon received u rude Jolt ill the drastic routc of U S smclL. ‘lug in \\':1ii Street. This stock tulub- jled from 1-11 to I25 i-Z and caused a isentimcntal recession through that ‘list which foulld reflection on the Luhadian Boards. sympathetic easia. l?" Effiilressed itself in Cons mining _unll Slnelting which lust 3 poi |137 and in lntl Nickel which dipped tbelow .’i. In other sections of the list prices eased back bllt the close did "°ltmllfg"fllli(i lillnYtftdliii unsettle-meat. l '0 ten s expected shortly .fro1u Ottawa regarding lifl\‘el()pmgn[g connection with tho new Central lxlletmka l\'o word il yet forthcoming in ch11“: 1° 111B "ilected reduction by ar crfid hanks in savings later"; Oiii -/.. percent but this may be made in the near futum,

MORNING MARKET LETTER

NEW YORK. N Y, Sept ‘I-Openinz

l little lower yesterday morning the market showed a tende11cy~ to ' 1m. 1'11"’? lhfvulrhout the morning and

from tball llntii the last hour prices drlitcli stunt-what lower, but with an (‘lwvilfllkiuff decline in volume. To- ward the close prices bloke sharply under lnlull-rately affected the metals most evidently was touched off by 1119 Publication of reports indicating m" 01111111188 of U S smelting for the year lniaht be much lees than expect- cd. lu the morning Alaska hail sold off’ on a silnliar downward rlJlSiuii ot’ earnings. While selling nff tbn metals was the most noticeable the thinness of the lnar-ket appears to hutc icft the general list vulnerable to sympathetic selling. Therefore, 111111113" m’ tho metal to hold, probably will be the clue for today.

Laidlaw and Co.

SUMMARY

NEW XORK. N Y Sept 7—Wcekiy cnrdualllngs report around l p. m. h l time. R J Reynoldl Tobacco Co. declared regular quarterly dividend of 75 cents on common.

Pac Tel and Tel declared quarterly dividend on common

n11" SY-‘i-“lll Yflllortl increase of 10.700 telephones in service during August against a loss of 33,500 1n alld a loss of ‘.0750 iu Aug.

Now Ynrk Reserve Bank ratio week nntll-ll Supt 5 was 7i 12.’. iuwprevious wool-r alld like, 10.... \_\"cck_ system 70.0 10 .. alul I17 0 respectively,

Daily average volume of Bank credit o

rciular

for 5 against

ill 1 in against

and $100,000,000 about llilgmillivfistl-‘eiilk Brvkers Irv-us wccl: eiifiéli st»... a ml "WLUIJO increase $3i.000.0()0 ‘ 1 lus u-cck. Non brokers £11630 ‘gala-lied 5830000000 decrease of

Lnl 1nd orsz‘ iiatis .. 35 g 'tli 20.76 Bonds

a: in 0,09 Dow Jones.

FINANCIAL SERVICE

MONTREAL. Que. Sept 7-A group of stocks that hold some speculative intcrcst are the uclvsprint issues. Financial Service icams from cnml sources that efforts arc afnnt tn brim: tho (‘anallian l-olulvanicll together in tho lnattcr nf price increases and ihcrc is an cxceiicnt likelihood of‘ a $71 Iv!‘ ton advance in the price of

Bananas

(‘unltdlnn Press)

'l‘i‘l".\l., flcpt 7—iil‘iiidil Mill .\< : thc ll dollar as compiled by tilt‘

nil of Canada, closed today

.0001. W: llulit: Kong dollars .3550. lhllnlark krone .2260. iv1i"ll'lil\' lcll-lunttark .3013

17ml

iifililiil pound 4.35611.

‘__i_ lpfohlmtun null Wnrll)

Ililth . . . . . . . iltil"

Low Lult .10.". 1001.,

\i'l\'\'l - ~ ; -_ m)" H Lil. Sept 1

High 1.0“ Lani '1- . . st salt .13, '\‘ .. m1; $11!, , “ . . . 001;, wit. 0o

MINING '

(Conmllan Prclu) TORONTO, Sept 7-

Stockn 1:19" Acme Oil ... ... ... _.. 191A 4. 1

(‘al lldlu (‘an .\l:ll .. (‘iisiiu '1‘ (‘cut Pat . (‘hllmug .__ Ciel-icy __ .. (‘nlatnario (‘nulagas (‘onlaruni ilnlu l-ix lmlnc .\iin . lllidoradlt

Nc w

1 Pinlu-cr Premier

I'll-ll (‘r0 . ilcall Aulh .

WYES TERDAVs s

OCK and 201w) "Qu0

THE CHARLUTT

ETOWN GUARDIAN

_, . .. . .04.; LCUSKUCE

4mm: N NE

-'I H

DOES NOT GO FOR SOME TiME

THE TRAlN

SAY- iF 1'0 KNOWN A HOLtDAY‘ was so MUCH ‘mount: 1 o

IJUST LIKE A MAN —

WANTING

av YOURSELF AND sMoK: — DON'T YOLt "rt-aux 1 WANT

T0 ENJOY

st

‘I'D GD QFF ALL

THE Hotlom T00?

ROSEBUD

' N035. -NOT MUCH or A HOLIDAY aur 1 SURE

DID ENJOY MY

llslllnlyl lncll. MARKEl lllnllllnls

ilorrectediiFor Every Wednesday and

Saturday Issue

flay Oats Straw . . . .. .

New Iiuttcl- (‘ream . . Eggs doz . Roast Bccf . .

Chicken

PRODUCE

lilfiNTRl-LAL. Kept 7—l~1glz prices fill- vancmi on the Montreal produce alld dairy market. today, Gradcd shipments in carlots or less hrnllg-ht 27 to 28 cents l1 dozen for A iaracg -up one 0011i, 25 cents lucdlnni up out- cent, 10% to 20 cents 9d [named 1'0 P11115119 for B. unchanged ccnts for f‘, tailed 1.200 cases. Butter was stcndy in price, quota- tions for fresh no 1 in carlots or less heinl: i0 Small

0n the checsc luarkct Ontario col- nrcd ilclng qnotcll today whilo Qnchcc cheese sold at 0M. rents were 4,094 boxes Qul-hcc potntocs cnntlnucd sell at 4.’: to 50 ccuts pcr S0 hag of no i grildc.

.\'c w

RIONTRI-IA L. Sept

Parsley . . "Pilfi lettuce . (Tarrots hunch Summer Savnr Parsnlps 3 lbs lthuharh pcr lb .. . . Grccn ifiliiiiiflf‘! per pk Ripe Tomatoes 5 Apple; liuz ilallishes Butter Beans Ber-ts 4 lbs . cahhalze (‘anliflmvcr . (lrcml Unions turnips

0. I Pork (‘hops Roast. Pork Fowl Lamb .. .. (‘cl-u pcr dnz . . String beans 4 lbs

Rcd Poppers Ii for Grccn Poppers 2 for

Onions ‘l0 lbs RN] Onions 10 lbs _ . Broccoli 111'!‘ bunch __ ilrtlssl-l Sprouts 2 lmxl-s iirnad Bcnns per r|1|i Summer Slluash cal-h

PRODUCE

'.'."l..i

ii]

libs-i“

I hunch .. .

(Pannll inn Prue)

and cont.

181,5 up

tn 201/‘ cents a

lots to the retail trade

dcvl at

a

quntcd at 2O to 201/, ccuta a pnilflli for Rfililifi and 2i tn 211,5 cents n lpgzlhndl for prints. Arrivals totalled _ .. mxcs

lli('il ‘A

cent, 10 f0

101,5. cents a

pnunll, unchanged.

Currencies

.__.._. (Cnnalllnn Prawn) 7~Thc

Unltcd Status dollar and i-‘rcnvil frant-

RETAIL MARKET ivhlte Onions ih ... ._ . New potatoes pk

- (‘clcry Bunch

cvor 3 for

for

Arrivals to-

pound.

Arl-lrais

rich

Mt’l. Stock Exchange

ii C Pow A (‘an (‘ar Com . (‘an (Ii-l (‘Hill (‘an l~1n (‘oln

Rim-ks irregularly luv. 'l‘0ruutl. hliucsvill-sl-li lowcr. Nun" \'0rk—-Stol~ks up and heavy. \\'il1liipcg-—\\'hr':1i up M; t0 3.’.-

rer; sugar unchangedl coffee higher.

i

I - market

"ii [Will K EXCHANGEM

Press Financial Writer) (A. P- By Guardiank Special Wire)

rlsn Gold and silver shares were 011 t|c\\'.<pl'llit for 119355 co t .t . S . Him 3111f - tl4'\'t'it\]llli0iit would tciidrfllos callchthll: Fresh Cod 4c steadier m contrast with thehihm H“? attrulinu of tradcl-s and investors to Haddock . go 5113113519311"? m 13-1-9 liflidmg 0f the 1"" Xifllel thc paper stocks and (‘fllllfi easily re- Ilaslvcrvrlux 1a..‘ preceding session, but suffercrilm" '1"-‘1 stilt in a substantial allvarnllgsngprvkw‘ hiavlrcrcl 3 fa,- 259 some further recessloni QLIQL‘

lmdcrtakcn an investigation of its break.

With attention focused on the Maine election and the anticipated government financing

to ‘l8

wcrc

pound t0 l)“;

tn pnlliifi

pnulifl,

:1 l 101/, I

i

:'. 0i 142.".

.1

Film" AM ‘-- "' lr-nli (lrc .. .__ __ - ~ "'1?"- -- l-lu-c t‘ru . . _, “ ‘ - Pl-lslou ililulgn ltnhh lion! -l St-lllaclwnlt Til-Til . 1 u ucrt ti‘. . T’. H ". __ _ White i. __ ‘I54. ---__...._ m \\'oud hit-k 11.

next week. financial markets seem- a waiting course and movements on the whole were narrow and unimportant.

U. S. government issues settled into a narrow drift following their rally. Wheat scored net gains of 3-4 to i 1-8 cents a bushel but most commodities stayed in a. rut. Cotton saggrd 2t’) to 35 cents a. bale. The better market for U. S. treas- ury issues smoothed the way for the impending federal financing.

Some of the recent prophets of

inflation seemed less surc of their, lpremiscs and there was additionally

scattered liquidation in food, sugar and other issues, aside from metals, which had been favored by specu- lators recently on inflation theories.

l-iomestake Mining, the leading domestic gold stock, which did not trade during the preceding break in the metals, lost 15 points Alaska Juneau touched a new 1934 low un-

iished until after the close of the

market. It lifted the tofiai of car-

ioadings to 045.780, a new peak for the year. and reduced the lzv! in loadinzs behind i933 to 27.998 cars.

A shift in speculative rcntlwc-a‘.

toward the bem- side recently was,

mirrored in the monthly flszurcs nf the New York Stork Fvcltcw- the outstanding short interest, showing an increase 103.75’.

of

Hopcs for autumn business cx- pansion were sustained in 50m" quarters. It was argued production had fallen so low som increase

(‘an ind .\l A‘

t'un Ind .-\_l B

(fan Steam Pfd

(‘an Pac

Dom Bridge

1mm Tcx

iicn Svtcol

Nf,'f.“l,.,-,,' .\n. Tub 1s Llliiil of \\‘<....l.< . -\"=“‘"'"1" CUP - 5H5”), “uni. __ .\iCillSOll .\Ic(‘oli Front 0&1 _ yang"? M" - Mont 1.0“. _ _ Ba oco ... Natl Brew “n OM‘) pow" Con, _ Barn A QmhN, pa“. liendix Aviation Sr Law Corp . .. ml“ m“! - Shaw .. ‘.... . “"1375 Sim-l (‘n (‘an (‘mu . film's Ad“ . ,, , r __ urn fill Mal-h bitti 0C (‘in l" ll . pa“ Dry A106“)

(Canadian 1'.- QQ" 011 Toronto and .\i.»n' 1"" P110

New i'nrk—l‘otton and ruhhcr inw-

(By Frederick Gardner, Associated I‘

NEW YORK, Sept. 7-The stock continued its slow retreat ‘f today in an atmosphere that was murky with political uncrrtninties, ' textile strike developments and an " obscure business outlook,

After touching 119 1-4, nearly 22 lwl points off from its top yesterday, U. S. Smelting and Refining closed 4 points lower at 621 1-2. It was Liquid on“, diszlnsed the Stock Exchange hadl i‘"<‘\\‘s lncnrP

announced

N. Y. Stock Exchange

(Quotations furnished

by Johnston

.111. a r .

Chic North Chrysler .\fot .

S‘. 110a £371 E l Dnpont

iliastmau Kodak. llllce Auto Lite (‘o 131-1": Pow Light 1'0 ..

First Natl Stores lfrccpon: Tcx _ Gen Asphalt .. Gen Elcc Gen Foods Gen Motors Gold Dust flood Hull 1100.1 ital. tirahatu Plllgg _ Great West .‘l ' llouston 31g '

(‘lfy lift-n 6.3.51‘ _ tLalnbert Co

- Llitgctts Slyera ' B

<'.?.lé.';.}.“':»~,"'~' ' e ‘ - HI‘ I . “Mk Tmpk Vin liatc ‘Math Alkali .'_'

i.\icx Kali . \llss Pan

Rndin (‘oi-p __ _ luau. 1mm. ‘mp1. 11w m... Stool . ‘Raft-tray stores Q Rocbuvk Vninll Oil

lStnnd Gas Elec Stand Oil Cal Stand Oil N J . lStl-yvart Warm-1- ‘Studebaker "Fvxna (‘o Tcx Gulf Sui

F “rm “ Tim Roll Boar 2n,‘ M" mfik -- continued n. decline on ritual-mu cur-‘l d6,- 17 on a. further fractional de- ring}: 52;" 9"" 41-. tin-ls 1.1.1.0" fwd’ §§°,','"',1§§f QT'“,K'R§‘“§'__.,.F °‘l,‘.‘,‘i‘l.cline. The decline in Howe Sflllnilllwunwl luau.‘ ’ 1343:,‘ jiflllifij; - Pulled _Stalc:-l .1011... aa-lna-lfu. 0i was extended more than a b01111 ‘$111M Qnrl- ,, . a,“ m‘ " t lllil‘ percent at 2 27-32 pcrvcnt dis- but Ceryg d3 Pgsgg and Mglnlyte_l;’"lqii"ll iv"?! 1111i‘ 14415 ' m" ggrilltlitlnhtixliiloiiggntgftliifi lost .01 of a m the mining group’ firmed to “n_ ‘l’ fiIlIIihAH‘... .. ilrnluulu .,, , " ish fractionaliy higher. l7 s. smelt 13.’: ““"‘"“ Alcohol shares were we-tk Am~ ll s Stool m5" tiunnar .. ‘ ‘ \' g ' . 1|_.,,..,o,,, __ _ _._ ericsn Commercial Alcohol and “j‘""r"o;°‘3}§ro-é'Cb-- Hallow -- u .T."°“ “ - ‘~95 , U. s. Industrial Alcohol each lost “...”... ,,,.,,, m.» "gumvbwf .{.,'f§1.',',‘;,,,‘,,:" ~ glwlmore than 2 points. American Su-‘aw-st Vnlon , )4" “m, (m, l mean... . II/JJZBI‘, Caterpillar Tractor, Cuban “.‘(“':I“_T;>‘T°'"h i," H“ .l .\1 0...... y-nlurcs 10" ‘American Sugar Preferred. Mon- 34.1.0“, TH“... mm.“ ' _.._ ..,‘. 1y'!'""'l"" l “M” “ ‘ m, sonic Chemical, Western Union and __>L .. L_' " ’ i§,',r.l‘,_.,l,‘,,y" 101/, Corn Products were among issues BRACKIEY PE ONALS Lakvlunll 111% finishing 1 to about 3 points lower. I. wrv " The Standard Statistics Co. aver- Among the recent visitors to Wel- lflflz-Hiinllli 'l'-»l-|l FIIlPN-lvfiatlllt m“ age of 90 selected stocks dipped:come Inn, Brackiey. the pas‘, week "m, |.;,,,., YYHQTFD nine-tenths of a point to a neuqwere Mesrs Rema MacDonald anti. 111.00.»... . ~ ' ' ' low for the current decline at '10 9.'Ivsn Maund from Union Road. "ll=tl"‘;.!1 ............. warmers increased w 688-510" ' ' " ~"' Assoc on . shares compared with 603,330 ycs- The many friends of Mr. and "flllllvilg terday, Mrs. Roland Sellick are glad to see lii?.'.'....'.’. - The most cheerful news of the them return to their home in w, day. a more-than-scasonai increase Brackley, Wednesday evening. after. gQjlof 40.064 cars in railroad freight a short honeymoon through thei 15;‘, loadings last week. was. not r-"lb- Maritimes and were welcomed by s

,_tolly crowd of sercnadcrs. z Messrs Clifford McEwen and; Pat Baker were recent visitors to. Winsioe.

Master Percy Rattray spent the past week in Brackley as the guest of his co_uain Mr Lesli Prowse.“

was logical as soon as labor clouds

-'._ 51131-05 in Alzgnst. to a total of 825,- . lift and seasonal stimulus became ' 011

more effective. The Dun 8a Brad-

rfreet weekly trade review reported

"definite signs of a strong revival

in retail buying during the autumn i months -

1;, P.E.I. Mr and Mrs. John Howatt of

MUNTREM EXCHANGE

_\ l Hun,‘ (“rut-hull by Joimllun and‘ “Hard Member: of the Montreal i

»‘»'1"~‘=~»~ M :.‘.l:i‘..“::" ..:...:::.."':.l::.'::' (c. P. B. .............. 5...... w...»

Stack Exrhunfic. Montreal (‘ugh ‘Mari . lonoww") MONTREAL Sept‘ 7_From

k“ l“ “id'nm.',','tl,.,aiircct' “M” . ——— the opening bell, issues on the -l—- Montreal Stock Exchange displayed

Braz T L Pow jlfhfghéa '_ a softer tendency today at the

close, losses outnumbered gains by more than three to one. Discour- aged by the weakness on Wall Streeil, traders had no incentive for a rally.

While declines were generally fractions, some of the leaders had their early losses extended in the late dealings. This was particularly true of the interlisted issues which

Control Guardian locals. 4e- D" W pop word:

Spiritual u per inch; Notice: of Thanks and A word. other rate! on anvliifltlim»