MARKEZ; GOSSIP

(By Johnston and Ward's Ipeclol

Wire) Bruliiaa Traction night and '§‘Z'.'°'..°"u 331i‘; “f. 3"}? i3; ifii“‘l*v‘.'.fll“ ‘m’ l”ll.'.°"u“'“'l' . . a as , m on MORNING hlABlfliT LIT‘!!! in Mary of last yeah.‘ sn- lacrosse of gefl mulxbtfgllgs. 31011011! lcllg-uifh- 313$ ‘filial: o! ‘k311i; 1;! Curb Mal-set. res Bitlhllifllid Street NEW’ roux. n. Y., June 21- 000000 0",...‘ p“, "n, “comm; fglllfglhfi-fll- a h‘ Fri-rs "will! 0" 1'1"’ "mill" l! l!" to weekly statement. Improvement a on” ' (ipfllling yesterday. but pressure aub- 1n c,” whip”;- 15mm", mqun 3‘"m"t A 5% 5% lltlid qlliclrly although the trend rains noted -in Bank of Montreal Bran 1‘ L P66; a 9 continued downward in the first two c100’ "PM!- ' ' " - " - 3 c pow 4 I ' ' ' ' " my, op: liar-re- wrlrelltlv from 1-“ v3 "v CuLin French Bank rate to s .per Bruck sur fey, lei/i hula-Hunt burl"! """°"~ "lime cent from aiz var cent suggests some Build Prod .' . ' " sou sol. continued to decline in the after- 10M". in m,‘ "an". u" C", L.“ com“ 7% 7% noull "l PM" \mi"°"°d 1° "WW sins tthe franc, In May, industrial Can Car pfd " 15 their best prices at the close when activity in the United States was (‘an Col (‘fllli mm rtlllllli show oi‘ activity also vial ah- lower than in April, but in the first Can 't'elll cnln n54 (w. viirtlll- 5PM" "i! "W" grade half of Juno s alight improvement Can (‘cm [Ifrl 54 so ohnrla were lllhlocted to selllns. but was registered in volume of output Can rlyr-rh iliec pfa 3o ‘ lr-r-overed as the day advanced. The according to the Monthly Business Can ind Al A 8% err-m» a-ere relatively strosr- 0a Survey of the Nltiulili Ilitlilltrlli Can inli u n " m. ilil‘ whole. i! irilsht be said that conference-Board. (‘an .\tl' l. ilow so iiii‘ rllrlrkct took the day's news I glnom can p" 10y l-ulher Wcii. ln the absence of ally Coils Snzvitu ... 107‘ <p<~r~lul stimulus however, we would Drylh.“ H," “ 3,, nut expert it to get ver-yJar ahead Um nrmgé w ‘ on tho upside today while dlmin- ' _ Dom “on, PM‘ 13., ‘l-zililll-Z demand might lend to a re- i. Dom M“, m,“ B ‘HA lapse. !\“' . ‘ Laidinvr and Company. _ at: §G§_1:‘°','f.p" gltll 'ickcl 27% oi Gold Mines 1500 “mun” Taoansdlnn Press), Massey Harris 4 TOBON , June 31- 1:09:11? Front l3 , _ , . on ow .. xnw roan, a. v., June 21—G0ifi "M," N.“ 3..., _ _ 3,2,, l.:lr.l quoted ill London market at x0; 500s] p," m’ ills 250d against l-i-ls lfid. No sn- Am" on Power Corp 7y ll-uulvr-lllr-llt on New York Bank rate ' Q0101,” p“... u; "r H?‘ l‘°“l"~‘"'- I Shawinizrln 16 ‘ liro crs onus luring week June 50 0* o. uni. totalled xsosootrnoo of 30.000,- “lh u" m“ 1"‘ ms). Non brokers loans $751,000,000 oft $5,000,000, Daily average volume BANK; or reserve hank credit outstanding during ws-eir curled June 1i) was $2,- -i\li,ll0U,000 increase of 810,000,000 Cqmmqgge u\'i'iI previous week and $14,000,000 \[gn(fp|\] m‘ - 183

uimve like liliil week.

internal llt-vcnrlc Bureau reports

production of snirlll cigarettes in .\i:r_v at 11.708.756.400 lgninst,11,11.|,. 0705,14? in May 103i, Large cigars

liti7,'l31.30U against 380,449,037. lillh Low Last 0ft I10 Ind . 1114711515 117.24 .N L'il [frills 33.13 32.4? 113.0‘! .34 in Bonds 06.51 _()2 Dow Jones.

IIANONW! “MORNING LETTER"

MONTREAL, Qua, June 21—-Besr- lsh sentiment generated by Wednes- day's hrlrlvy liquidation was accen- llllltcd yesterday morning by Roosel \v*|i'S announcement of his program for taxation of corporations and of ilwllltruilzulirlll of wealth. Stocks slpiltlflf] sharply lolver andiu theafter l~~~n managed to stage a feeble rally so that prires closed definitely up fr-lrn the ious of the day.

Probabilities fnvor appearance of some further weakness before sell- it'll; has l'ilIi its course entirely. i-Jrlriy rallies ans not likely to be sustained and may be used for rs- llur-llun of iloiriings in rails and in- dustriuls.‘ ilold utilities for present.

tiriid shun-s showed a tendency of rcsrllllirlg their down trend yesterday. Dollie l'tiii into some licavy pressure and ls likely to more somewhat ion-or» willie Little Long Lac sank to $105. iu the gold uilarea indications point to furiilur sinking spells and goal-rill irregularity

Isnon.

s IARING LETTEI Plymlgfgf Pet Cob Thursday Evening pug"; Pick Cro _ Pioneer saw roux, N. Y., Juno ar-sspt Ill-emf" __ wilelrt ivhich we had said to buy I'm‘ A];- frolll 80 down io possibly T’! went to Rglfl Am]; 7st,. but closed at 841%. l believe it lied Luke . . is in n good siute of accumulation norm uold , alld purchases hclolv 80 will even- liorhe ' tunliy show good profits. Cotton Royal"; closed a fclv points higher. near ll Sun All; cents huy allure. flheffltt

Lust llriduy when the industrial nvcrllgcs went. above 110 fol- the first time in 31,-’; years, closing that night at oxllciiy llil. this letter stated that for a few days more violent fluctuations should he expected but that they worn not likely to react more than about 2% points on the average. Today they did get down to 115 k1 which means that they re- scted nnly ‘h, more than I predicted after which they rallied and closed tonight .at 1i'f ‘.24. l am confident that the nlarkct has now had the technical rcllrliorl to which it was cntiliod and 1 look for all advance at 8 on 10 points in iho illdustrinl aver- nccs within the next two weeks. The rnils uucrugcrt, whit-ll reacted 11/ pulllifl from Wednesday's top closed ilL ililti‘: and should go to about (iii vr-ry shortly. United Aircraft which through n slip of the tongue was rl-r-unlulcnrlcd last night at 11 which figure I had in mind for White blot- or, but which iind been rccrnmendod nrourlrl iii repeatedly, sold at 12% r-irmillg nt H. as stut|.i right along i expect to nee it oven 20. iVhite liotor closed higher, 111/0 and is still a huy. Bllyulr gave you another chance to huy it at 4'! closing at 4T1". \\'i1('l'P it. can still be bought for near 50.

ilowo Sound and the other silver aim-kg “in 30011 start up. Wesson (iii, roeorumcnrlerl yesterday at 33 sold exactly nt 33 closing 55 higher ut iliilj, buy some.

(use, wllir-il l_ snld to huy around 5i suirl llt. 53h. closing nt b5 it can still luv bought around {if for well il\'t‘I‘ (it).

lwslillgllorlse. which I said to buy aruulld 5U upeuud ut 40 where you would have-gut it if you hall placed your order at. 50 closing at 60%. buy iwlorv .'i'i for near tltl Northern lhlrlific can be horlght arnurlll ll) for Ii or -l 1ruirits. North Arlloricrlll clus- ed higher and would still keep long. Johns hlanviilo rcmnills a purchase around 50 ton a now high. Phillip Morris opened at 50 and those who failed tn buy it lower down can huy a little nt-nl‘ tilrrt figure. The nillrlu-t nus entitled lo this technical sr-rlirlclr and is now ready to resume its ndvtlncc.

Baring,

Hou Anl

‘Brett Tr Can Kirk .

CHICAGO, _ Wheat :—

QANON "NOON LETTER"

MONTREAL. Que., June 21—Senti- nrrnt this mornirig baa shown a pronounced improvement on reports that (‘ongress worlld not consider Roosevelt's Tax Program at this sca- si-irl. Current rail. is therefore likely to extend further. Traders interested in following this recovery alight consider picking up Western. Union in moderate quantities. Bails ruultimt-nt stocks on the New York stock Exchange have recently rs- ceivcd a great deal of attention on the basis that a " ‘ d man or locomotives, cars and signalling devices exists and that putehraa b railroads cannot he deferrs mus

heat

Silver ... Total sales 305.000

UNLIBTED

June

. nigh

‘VINNIPEG, June fl- W - .

(Johnston salad Wald]

Dow

gait ‘ll coats lo samn quartu- in

gran] a-ki-ESSI

Last

llllh ' LOW IAIO

.. S! flbil ‘ 88K 88%

322

loll r. Yolteldlgs strength ill lhl m M

P erred a t r r ~ 1* w“ .. '::.....::rr."". '..*::.:...:. all as a» rd cash ‘position and the prospects

vi reduce costs ah a result of the ngodgrniaatitan . phrogram now being C I J

.‘ rc n t , . '

‘hlluine; t: thoe ‘ifiiféiiral- since . . urrencl“,

- s {RA collapse has not ecu up

to expectations. Price sllshi | has! K ‘

t- ' . . 23.1.35. mfiitmriiii" m “ti?” °:' floss-asks. ' firs”) al-uul- for the first two weeks of Jone over vhanga was pend among leading I WM elm was lmlt under one ller “llltllflll on the steam-ll forsilil r-l-nr. eemplmo with s two rcsnt llsrhalr a todsy-"rhh |lnlllitl Ill‘!- ul-rurll- ft)!’ rho flra of s o a cent to 4.04 thrill If! iio a nosdliuf

dmlllliill with lniii Noramla iliaes i-ix_ bile the Ilnlted stairs dollar ~- for first qillflclr of at 1:01-10 and the French franc

"Ms ...... nines g.

portal earning: ~I M - n» utlnsn my.

n in “an ha" flligIl*filild.

"Mt’l. Stock Exchange

Oyel . Bank of Cnuudrl

Exczifivclz

(Canadian Press)

NEW YORK. June ‘ll-Foreign ex- rhsnze steady. Great Britain high 494%: law 4 93%: close 4.08%: 00 day hills 4.92%: France 6.02; Italy 826: Belgium 160i; Germany 40.- 37: Canada 00 15-16.

Farewell Gift; For Countess of Bessborough

(C. P. By Guardian's Special Wire) OTTAWA, June 20.—Women of Canada will be given an opportunity to take pert in presenting a. farewell gift to the Countess of Bessborough. At a. meeting held here over which Ilady Periey, wife of Sir George Parley, presided, it was announced that Lady Besborough had en- ted to accept a memento of the happy years she spent in Canada. A movement to present such a gift was launched at the meeting. Associated with Lady Pcrley are Madame Maurice Dupre, Lady Bor- den. Madame Ernest Iapointe, Mrs. W. D. Herridge and lvfrs. A. J. Frei- rnan as Vice-chairman, Mrs. i-lugh Guthrie, Honorary ‘Treasurer; Mrs. W. C. Guliock, Honorary Secretary, and the following local executive committee: Senator Calrlne Wilson, Mls Duff, sister of the Chief Jus- tice of Canada, Mrs. George Black, Madame P. E. Mnrchand, Mrs. C. H. Thorburn and Mrs. M. J. Lyons, Publicity Committee, Lady Pcriey, Mrs. W. D. Herridge, Mrs. W. C. Ciuliock, Madame P. E. Merchant! and Miss Isabel C. Armstrong. The National Committee includes wives of lieutenant governors of lzhe provinces, wives of Federal Cabinet ministers. wives of other Privy councillors and presidents of wo- men's nationally organized societies. A number of’ telegrams already have been received from wives of lieutenant governors expressing pleasure in being given en oppor- tunity to co-operate.

BBANDING. TUE/TUBE BY SECRET SOCIETY CHARGED IN COURT

VICTORIA, June zl-A story of

branding and torture allegedly inflicted as part of the rites of a so-caiied secret society, was told to police today Wilbert Llndstrom and Michael hare, youthful Vic- toria. musicians. Two unnamed men were arrested 93d will appear in police court. According to the story, the two were approached last Monday night by three men who said they be- longed to a club whose purpose was to help needy persons. Lind- strom and Share were persuaded to accompany the men blindfolded to a bar-n‘ on Wilkinson road. where they were tied hand and foot.

Lindstrom, it is stated, was held to the floor with one of the three men sitting on his head, while an- other slowly traced out on his skin with a. hot poker the letters "U. O. M." supposedly the initials of e se- cret society.

Lindstrom said chunks of h hair were torn out and a of brcecbes studded with tacks ar- ranged in "U. 0. M." fem-ration was applied to him. More tacks were stuck into the soles of his feet. Share was tied to the wall so that his toes just touched the floor. He was able to squirm and the ndlng was not so successful in his case. Hs was whipped, hair was pulled from his 1C8! and half his mustache was ‘ ‘ off.

The ‘youths. still blindfolded, were taken to Portage Inlet and thrown inizo water up to their chests. the three WIMP-rotors wading in with them.

Unpaid DogTaxes Mann Sure Death

(A. P. Bv Guardian's Special Wire)

FI‘I'I‘8' ‘EL-D. Mass. June 90. — Chief of ' rliee John L. Sullivan. to whom "d1"! mean nothing" is going to kill the. pets of Pittsfieldb d0! owners unizas they produce the city license fee immediately.

“To rne a dead dog is the best dog and ii. will not be auainst my scrup- ies to drive them to the bound w await exseution day," Chief Ctslilvau

YESTERMTS lililiil MARKET iiililiiiiliiNi

Corrected-For Every Wednesday and Saturday Issue

-_i-

IIODUOI

Flay, loose, cwt Oats . . . . ..

IETAIL RABBIT

Potatoes pk Celery bunch . Roast beef .

Slew meats Veal ill .. ltoast Po Fowl Broilers . Carrots 3 iha Onions lb

"nrsnilll 3 lb ,- Ileets 2 dos .

Spinach Parsley 8 lb Butter . .

Eggs dos _

Cream .. 'l‘urnlps 3 for ., Lettuce bunch Tomatoes iii

Rhubarb lb . . Cauliflower each Pigs 7 weeks pair

FISH

Lobatcrs lb Cod lb .. Mackerel 3 for

ASCOT, GOWNS LIKE EVENING FBOCKS

LONDON, JUNE 2l~1nndon shop windows are gnyer than they have been foa- rnnny years with the daint- esi: of flimsy dresses and hts for the Ascot season, which began recently.

It ls a. decoiiete year for race en- sembles, and Ascot gowns are like evening gowns. This is partly to make the gown wearable as an extra. even dress, and partly to avoid any h t of thiolnless under the thin, unlined ooalts. ~

Although flower-patternedcxepes. chiffon; and ninons are a. part of the Ascot picture each year, the trend is toward plain materials with a contrast introduced by a colored sash, cape or hat. Members of the Royal Fondly popularized plain ‘materials by wearing them in the Jubilee processions.

White is favored as a foundation, and sometimes takes s. dark color for relief. such as mvy, black, scar- let, moss green, or buttercup-yellow. Pale shades with matching acces- sories are also popular.

Very wide brimmed hats rrratch the gowns and are made of or- gsndie, muslin, lace, cotton pique or glazed straws, fine and very coarse. Many are tirmmed with flowers or ostrich feathers. Feather capes and boas tone with ensembles. The sari, the ihram, and the hood. when not drawn over the head, lies about. the shoifldfll and fails to the

Kiioumlusrul iiiiiER urns ur HE iiRil

(C.P. By Guardian's Special Wire)

HALIFAX, June 20—Before Can- ada's Tariff Board, the Nova. Sco- tia. Government called today for a lowering of the tariff bars to make the competition keerler for the Do- minion's automobile manufacturers and bring car prices down to a "more equitable" level.

Present indirect protection, it was contended in the government's sub- mission. "had failed both to reduce prices and to swell the federal treasury. United States manufact- urers avoided the dumping duty by simply cutting clown their trade dis- txlunts, and pocketed the difference. between the minimum 20 percent and what they would have allswed.

The Canadian automobile indus- tJy, which was b0 have brought down prires, the brief coniinucd. either could not or would not re- duce them while the present pro- tection held good. Admittedly, the government's spokesman, W. McL. Robertson. said, this policy bald provided $24,000,000 in wages in the last year for which statistics were available, but it had been at a cost of $42,000,000 to the consumer.

The claim was advanced also be- fore Hon. George H. Sedgewick and his associates that the cost of gaso- iim in Nova. Scotia was too high. C. l":ed Pearson, K. C.. speaking for the provincial government, and president C. P. Hickey of the As- sociated Boards of Trade or Cape Breton both contended consumer cost of the fwll in this province was about five cents a gallon higher than it should be.

The board closed its Halifax ses- sion after hearing the? submkaio end those of the Halifax board of trade, the Retail Vlerchants‘ Asso- ciation ot Halifax and Dartmouth. and the Amherst board of trade. .7. L. Stewart of Toronto. manager of the Canadian Automobile Chamber of Commerce. and A. I‘. Ponder-goat, assistant to the president of Im- perioi Oil, Limited, were present but made no statement. Mr. Pen- dergsst said the case for the gaso- line refiners would be presented later. ‘ ‘said. adding that 400 to 500 dog would be killed it taxes yrere not forthcoming.

The tax of 02 for male dogs and

es for females was due April l.

rrrs _cr-laal.or'rsrowu cuarroran

U0 TA TIONS

MT’L. CURB

(Johnston and Wl-rd)

Opened Last 76 ‘I5

3 3%

Brit Auuz- Oil 10% Champ Oil pfd ,.. 7 Con Pap 00 18

941%

Walker Brew Wright Har

Georgetown

Mrs. Wm. McCullough, who spent the past month visiting her parents Capt. and Mrs. C. M. Fitzearsld, left for her homo ln Moose Jaw, Saskq on" Thursday the 1s inst.

Miss Janie Hunter, of the eta-f‘! of the New England Hospital is spending her vacation with he: brother, rvu. Joseph Hunter,

Miss Emma Victor who spent the past six years in New York arrived home on a. visit to her parents Mr. and Mrs. Joseph Victor.

week-end visitors were Miss Ethel Renton, Mr. and MIs. Chester Walker. the M1565 Marion and Grace Douglas, all of Charlottetown, and M155 Alva Brehaut of Montague.

Among the

The S. S. Farnwortli. which brought the lumber for Capt/sin Fitzgerald had as First-Officer, Captain Cyrene McDonald, son of Mr. A. A. McDonald of this town.

Dr. LeCousiere has moved here and is living on upper Water St. in the house owned by Mrs. Catherine Gordon. He aJso has his dental office in the same building.

Rev. C. U. McNevin will preach his farewell sermon in St. David's United Church on Sunday evening, June 30th. when Communion will be observed.

‘The old Gordon dwelling on Water 8b.. nearly opposite the R. R. Station was sold to Mr. Herbert George who is tearing it down and. hauling the lumber away.

Should weather conditions be favorable‘ on Sunday the 23rd the ferry boats "Montague" and “New- port" will leave for Pictou to go on the slip for their annual repairs.

Miss Mary Fitzgerald of Boston is visiting at the home of her brother Captain C. M. and Mrs. Fitzgerald.

The death occurred two weeks ego at his home in the Georgetown Royalty of Mr. Andrew McCaulay, on old and highly respected resident of that. locality. His funeral which took place at Cardigan on Sunday, the 9th was largely attended.

been ill ‘for the past three months

and around.

to his home in Murray Harbour N.. after a short visit to his dauglgiaer Mrs. John L. McDonald. He is in his ninety-fifth veer and is re- markably active with ell his facul- ties keen.

m. Edward V. Hessian or London Ont, is visiting relatives friends here-G.

Closing Rally Erases Early Losses In N. Y.

(By Frank MncMlllen. Associated Press Financial Writer) _ (A. l’. By Guardian's Special Wire)

selling in the early hours

erased early losses in many issues.

Street eyes, and the market had to contend with the usual "cor-

sustalned upturn, in the opinion of many market. observers.

day. Losses in the federal obliga- tions ranged from 1-32 to 8-82 of a point.

Despite the morning selling wave the turnover in the stock ex- change was considerably smaller than in the previous session. drop- ping below the million-share mark at 994.020 shares. The Associated Press average of 00 stocks ended .3_ of a. point lower at. 43.7.

Narrow changes only were re- corded in Canadian stocks. Inter- national Nickel, Ford of Canada and Lake Shore were a little high- er: Dome, McIntyre-Porcupine, Canadian Industrial Alcohol, Hi- ram Walker and Hoillnger slight- ly lower. International Nickel Preferred advanced a point.

“I'm glad yor.r're so impressed, dear, by these explanations I've been making about banking and economics," remarked the young husband.

"Yes. darling. It seems wonder- ful tbat anybody could know as much as you do about money witn- out having any of it."

Mother (aevcrelyi-"Myra, did I see that young man stroking your hair in the piazza. last night?"

Daughter-fill‘: a mere habit with him, mother. i-le used to stroke

on the varsity eight."

Mr. Ferdinand MoCaulay who has

is improving and now able to be up

Mr. Thomas Irving hes returned

811d.

NEW YORK, June 20—The stock market had to absorb considerable today but a quiet recovery was under way before the close which partially