OCTOBER 2. 194s

THE GUATDIAN.

CHARLOTTETOWN

THIRD SERIES

TIES ARE AT YOUR

14$ Richmond St.

CANADA SAVINGS BONUS

we ABE AUTHORIZED saws nanrrrs AND oun FACILI-

COMPLETION OF YOUR PURCHASES

r. .|. BRENNAN s. ooiirniiv LTO.

Members Investment Dealers‘ Association of Canada

E. M. BAGNALIPMLBII" Charlottetown

DISPOSAL FOB THE

Telephone 1470

THE NEW SHUR-GAIN:

has been discovered that the

shortest possible time.

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We deliver 2-ton lots or

Phone 2214-3

I FARMERS

w: OFFER YOU A NEW PROGRAMME IN HOG RAISING WHICH CONSISTS OF FEEDING AT DIFFERENT STAGES

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bacon type hog now required by the British market in the

These feeds are locally manufactured thereby ensuring you of a freshness that is vital in all feeds.

Call and discuss your livestock and PWIIFY Plllblfim‘

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Winsloe, P.E.I.

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Bait & Maoiiae

I'll. Grafton St. - Phone 437

Very Liberal Allowance on 01d Batteries.

CRAY MARINE ENGINE

Practically New Model RC1. - 85 ll.

Twin Disc Clutch

Sacrifice $900.00

Construction Equipment Company Limited

I35 Lower Water St., Halifax, N.S.

P.

i 0. F. HIIIIECIICSIIII i & Son

OPTOMETRISTS “Specialists in the fit- ting of glasses for the

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O09‘

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Al. E. BURNETT. LL. B.

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1281i

Hume:

CHARTERED.‘ | ~ ACCOUNTANTS Eastern Trust Building

CHARLOTTETOWN Phone 1447

Box 344

I Fri eric A. Lars!) 11' c- BARRISTEIL SOLICITOB. NOTARY Royal Bank 0i Canada Chambers Charlottetown. P-EJ. Fueoessor to Georle .|. Tweedy. 3.0.

William A. Redllln 8A.. B

.Sc.. LLB- BAR-RISTER. SOLICITUR. Etc.

1.0.0.!‘ Bide-Next to Reddln Bros

PHONE 2484 Money to Loan Collection» Taxation

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CHARTERED ACCOUNTANT

Currie Building Charlottetown Tel. I636 PO. Box 452

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i Pickafli Building t l5] Great George 8t. i DENTAL x-lasv 9 Phone 266'!

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[l Qlggflpj PIIOIIO ‘OX hum". Randolph W. Manning, llallla: ' '

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i114

Our congratulations to the Fur‘ Trade Journal of Canada on the 1948-49 edition of Who's Who In Furs. Its cover has a silver col- ored finish with an almost life- size standard mink carrying its cub as centrepiece. There are beautiful reproductions of models wearing mutation mink, scenes from fox ranches and names of principal fox and mink ranchers under provincial headings. There is also a wealth of information re- garding Canada's fur industry. A list of the principal fox and mink ranchers in the United States is appended. Altogether it is a mast worth while publication for fur farmers and others to own.

In passing out congratulations we must also extend them to the Fur Trade Journal of Canada on its September issue. The cover is an artistic gem. beautifully color- ed and one of the principal and most interesting articles is by Peter G. Clark, President of the P. E. I. Fur Poo}, Ltd., entitled- Features of interest in Fox Farm- ing. Pas). and Present. Our friend Peter has gone to a tremendous lot of trouble to gel. the statistics which give the ups and downs of silver fox and the quantities pro- duced and sold at auctions over a great many years. Quoting from it we note that 150,000 pelts were sold in London in 1932 at an av- erage of $32.00, while 55,000 were sold in Montreal at an average of $26. There was a jump to 225.000 sold in London in 1934 at an aver- pge of $44, While 35.000 were sold in Montreal at an average of $39. In 1939 the quantity sold in Lon- don was 550,000 at an average of $17, while 75,000 were sold In Mon- treal at an average of $17.50.

In 1940 the number sold In Lon- don had dropped to 250,000 at an average of $17, while 110,000 were sold in Montreal at an average of $14.50. From there on there are no particulars of London sales as they did not exist, but. in 1944 150,000 pelts were sold in Montreal at an average of $36, and in 1948 to date 100,000 have been sold at an aver- age of $14.50. No show pelts or special offerings are included ln the above. If we take the three years—1946, 1947, 1948—we find that 490,000 silver fox and mutation pelts have been sold in Montreal at an average price of $20. There Is a greut deal more to Mr. Clark's srxlcle and we do not err in stat- ing that it is a clever and highly informative compilation.

~

On page 21 there is a photo re- production of the delegates to the International Conference of fur breeders held at Charlottetown last July. and directly below excel- lent reproductions f pictures tak- en the night of t e fur display showing models wearing a plat- inum fox jacket, platinum cape and silver fox jacket. . It can be truly said that no magazine devot- ed to foxes or mink can compare with the Fur Trade Journal of Canada.

‘l nuns notes on TOPICS " ooiiiircren wini

Silver Fox and .Mink Farming

Sllverblu mink prices declined 20 per cent from their June sale, but. were judged to be generally strong- er ihan Jeceiit open market, ac- cording to the report of Lampson, Fraser 8: l-Iuth. Inc., on their mu- tation mink sale held Friday. The company said that 71 per cent of the collection was sold.

Other mutations were in fairly good demand during the day-long sale, with better goods firm with t e most recent sale while others were off 15-20 per cent in most cases.

The sale was pretty much In line with that of the New York Auction Co., held on August 30, when siiverblu mink was 80 per cent sold at prices 15-20 per cent off. The Liimpson sale was originally scheduled for Sept. 1, but was postponed because of the poor show attendance during the Aug- ust heat wave.

Attendance for the silverblu and pastel selling was pretty good. nnd bidding was fairly spirited, The auction company described the goods as "n fair collection."

The official auction company re- port is as follows:

Sllverblu (10,517). top $41 for n lot of medium nnd light. clear; 71 per cent sold. off 20 per cent from June, but generally stronger than recent opeii market.

Royal pastel (2,223), top $57 for medium, clear; 50 per cent sold, best goods very firm, others off 15 per cent.

White mink (2.339), top $36 for large white; 80 per cent sold, best goods firm, others off 15 per cent.

Miscellaneous white (1,476), top $11.50 for large, strcnky; 65 per cent sold, off 20 per cent. » Blue royal koh-i-nur (366), top $12 for average size, medium color; 70 per cent sold, off 10 per cent.

Royal koh-l-nur, dressed (12,384), top $14 for medium, large; 6O per cent sold. off 25 per cent.

Royal koh-i-nur, raw (1.244), top $13.50 for light. large; 100 per cent sold. Sold well. no comparison. Biufrost. dressed (11,306). top $12.75: very small percentage sold, estimated decline off 25-30 per cent.

Blulront. raw (2.609), lap $10; very small percentage sold, esti- mated decline 25-30 per cent.

Skin Dealin Spotty

Raw fur action during the past. week was not very exciting, most merchants report, although some claim they enjoyed a fair degree of business thus far this month. They point out that a number of manu- facturers are buying, but not in nny great quantities.

The manufacturers assert that business for some time has been at a non-profit basis, that they are fortunate If they break even on the

manufacture of o garment because

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of Increased casts. And they claim that their operation now la to continue some sort of decent vol- ume ln order to be ready for a. potential demand for merchandise from retail buyers next month.

The sale of silver foxes which followed the mink sale showed a 50% dispersal at prices unchang- ed from August. Blue and Platinum foxes were withdrawn. Full sil- vers of which there were 2169, were 50% sold with a top of $18. The next auction at Lampson’: will be on October 1st of ranch mink and silver fox, both a collection of the Associated Fur Farmers.

The Canadian Fur Auction Sales Company (Quebec) Ltd. has ari- nounced the following schedule of sales dates for 1948-49. Special mink sale December 1st. last re- celving date November 20th; spe- cial silver fox and mink sale Deo- ember 20th, Iss1: receiving date December 10th; general sales January 10th, last receiving date December 22nd.

A despatch io Women's Wear Daily from Chicago states that at a meeting of the Great Lakes Mink Association held there, the breed- ers expected a slight recession dur- ing the coming year due to un- settled world conditions. They fig- ured that mink skins will go down 10% and that although the same number of people as usual are go- ing into mink breeding, a bigger percentage will drop out of the pic- ture when lower prices eliminate some of the marginal operators. In the afternoon 250 fur dealers in the Chicago area were invited to see the movie Untamed Blue Blood, which is being developed by the Association. Each was given a booklet illustrating the process- ing of mink furs from breeding through styling into coats.

H. W. Reed of Elkhorn. Wiscon- sin, President of the Association, was in charge. Islanders who at- tended the Internatlonal Fur Con- ference at Charlottetown in July will remember Mr. Reed quite well. He was a most likeable individual and In the course of a short ad- dress mentioned that his grand-

father when he came out from England first settled on Prince Edward Island, and told many

stories to him as a youth, which made him most anxious to come here. After spending some years on the Island grandfather Reed moved to Wisconsin and was suc- cessful in that environment.

The fox fur garments which were shown at the International Fur Fair, Basie. Switzerland, and again in Toronto and afterwards at the International Fur Conference in Charlottetown, will be on dis- play this week at Robert Simp- son & Co.'s store, Toronto, and will be shown at Henry Morgan & Co.'s Montreal store the week of October 14th. From there the garments will be moved to De- troit and form part of the exhibit at the International Fox and Mink show.

The Herbert A. Nieman's & Company — next to Fr0mm's the largest fur farmers In the United States will offer 10,000 fresh silver fox on October 11th at the New York Auction Company's sale. That is the statement made in Women's Wear Daily of recent date. By the term "fresh“ we would understand that the pelts would be of 1948 takeoff but we have never known either the Nlcman's or Fromm’s to pelt foxes prior to the latter part of November, so It must mean pelts that have not been offered for sole previously.

The Canadian Fur Auction Sales Company (Quebec) Ltd.. will hold a special srile Wednesday, Thurs- day and Friday, Oct. 27-28-29. and among the offerings will be 25,000 silver fox and mutations as well as other furs.

Somemonths ago in this column we mentioned that Fromm Bros., Hamburg. Wis., were developing a new type of fox of a burgundy color, also a new blue platinum which they expect to have ready for pcltlng in quantities in five years. Fromnfs believe that one of the reasons for the serious de- cline in prices for fox pelts is the" 20% excise tax which the‘ Ameri- can government collects. They say —“Oui' government should not con- tinue lo collect u 20% excise tax on a farm commodity that for three years has been unable to hold its market In competition with wild and semi-wild furs. It is a incl. that the government is collecting more tax on sliver fox garments todny than the farmers are getting for the raw silver fox pelts that go Into the garments."

_OCEAN DEPTH‘

The average depth of the world's oceans is 13,000 feet.

(Canadian Press) I rononro. Oct. 1-

Sales Stock

1000 Am Loader 2500 Am Knife 24600 Anglo Cdn 36500 Apex . 16200 Atl Oil . 1200 Aubelle 1000 Aumaque . 200 Aunor . 200 Bank of NS 150 Bk of Tor 10000 Base Met . 1000 Bidgood . 130 Bralorne 14500 Brit Dom . 100 Buff Ank 4000 Buff Cdn 3470 Cal Edm 2000 Calmont 170 Bk of Com 335 Cdn Brew . 1000 Cos Tret .. 100 Cent Pat . 1000 Cent Leduc 400 Chester 11500 Citralam 400 Coehenour 1600 Con Beattie . 2000 Can Cad 44700 Con Home . 140 Con Smelt 2800 Conwest 1200 Croinor 6000 Crowshore 9500 Davies ,Pete 1100 Denlson .. 7200 Detta .. 1300 Dlckenson 4500 Discovery . 4000 Div Int 45 Dome .. 50 Dom Bk 2000 Donalda 1500 Dulama . 2800 East Cr 11500 East Le . 6275 E Mal 2500 Elder .. 4700 Eldona 1400 Eureka 600 Falcon 1095 Giant .. 1000 Glenora. . 8200 Globe 1400 Gods Lake 100 Gold Man 3000 Goldhawk 1100 Gulf Dead 1500 Hard Ra 1000 Hedley

2000 Heva Gm 685 I-Iollinger 6775 Home Oil 1000 Howey . . 26 250 Hud Bay .. 49 1-2 9000 Hugh Mal .. 03 1-2 860 Int Nickel .. 34 1-4 6200 Int Uran .. . 46 1500 Jellicoe . 05 5100 Kelore . 29 800 Kerr Add . 13 3000 Kirk Gold . 08 700 Kirk Lake . . 135 720 Labrador . . 5S5 1500 L Dufault 88 23500 Lebel . .. 04 3-4 5600 Leduc 95 1500 Lingma .. .. 31 5800 Louvlcourt .. 54 200 Macassa .. 225 1215 MacDonald 72 2500 MacLeod .. 105 1200 Madsen .. 245 5900 Mal Gf . 183 3000 Marcus . 10 275 McIntyre 53 3-4 500 McKenzie ... 32 1-2 2700 McMarmac . .. 10 1-2 14500 Mid Cont 06 7-8 350 Min Corp 11 11200 Moneta . 30 2000 Mosher . 09 700 Negus . 215 4000 New Cal .. 160 7898 New Jason ... 57 1500 New Marl .. 0'! 4000 New Pac . 09 2000 Nib . 05 34 16500 Nicholson 25 440 Noranda 51 3-4 600 Normeta . 268 2000 Norseman .. 04 3-4 4500 North Inca. 31 1000 OBrien . . 175 1000 Omega . 50 8100 Okalta . 142 12000 OLeary . 21 6000 Omniirans 08 1500 Osulake . 15 1-2 23200 Poe Pete . . 165 2040 Pamour . 120 2000 Pen Rey 11 5167 Piccadilly 05 1-2 190 Pickle Cr 210 1500 Porc Reef 46 300 Preston. 153 70 Quemont 15 1700 Richmac . 11 19200 Roxana . 38 100 Royal Bk . 24 7-8 300 San Ant . 395 2490 Sherrltt . 223 3800Senator . . 45 1500 Silanco . 30 3000 Silv Mill 30 1200 Slscoe 39 500 Springer .. 140 2075 Steep Ro 180 1190 Sulllv 136 1600 Teck Hu 253 3000 Thurhols . 07 5000 Un Keno _ 155 1000 United OII, . . 11 100 Upp Can . 162 325 Ventures .. 600 705 Waite 890 6000 Wingait . 06 1-2 600 VI/rtght Har 243 1874 Yknife B . . . . .. 60 CURB 6500 Dalhousle 1400 Foothills 200 Pend Ore ..

'l'otai sales 842.000.

PRCIIUCE

MONTREAL. Oct. 1 - (CP7— Produce prices quoted here today were reported by the Dominion Department of Agriculture as fol- lows:

Eggs: Free cases. A large 68; med 65; A pulleta 41-42; B 45~ 46; (7 33-34.

Butter: Wholesale Que no 1 pes- teurlzed 6B 1-2. Current receipts Que no l pasteurized 67 3-4; no 2 66 34; first grade cresmery print job price 70 1-2, solids 69.

Cheese: Current receipts west- ern white 30-—30 1-8; wholesale ex- port prices western white (l) 13-16 -—3I; Quebec white 30 I3-l%3l. Domestic prices wesetrn white 34; colored 35 1-2. No other prices es- tablished.

Potatoes: Que no 1 75 lbs new 1.25—1.40; no 2 75 lbs 1.00—1.20; NB no 1 75 lbs I.25—1.N; PEI no 1 T5 lbl 1.35.

Stock Prices Continue To Move Upward

MONTREAL, Oct 1—-(CP)—Se- lected lndustrials moved steadily on the upward movement during light trading on the Montreal Stock Exchange and Curb Market today. Advances were generally in a narrow range. Oils led on the upswing In a broad list. Mines showed improvement and sales were active. - Quebec Manganese was most broadly traded mine issue with is total of 129,200 shares sold. Closing averages indicated banks off .01 at 26.5; utilities off .3 at 71.8; industrial: off .2 at 126.2; papers off .83 at 341.96 and golds off .06 at 59.15.

There were 144 issues traded on the two markets, of which 47 were higher, 28 were lower and 69 re- malned unchanged. Three new highs and four new lows were es- tablished.

Industrial sales were approxi- mately 35.100 shares an increase of 3,900 shares over yesterday's total. Mining turnover was 245,400 shar- es. compared with 49,700 shared the fleoeding session.

At Toronto

TORONTO. Oct. 1—(CP)—-West- ern oils moved ahead in mid-ses- sion on the Toronto Stock Ex- change today to show their best gain in some time and climb to June levels.

Trading was light early in the session but. perked up as the oils began to march. Golds and base metals showed a slightly better tone.

At New York

NEW YORK, Oct. 1—(AP)~In the slowest and most restricted trading of the week, the stock market today moved slightly high- er.

A final spurt by oils and rails nudged the list along for gains of fractions to around 2 points. Railroads asked the Interstate Commerce Commission for an eight per cent freight rate increase which if granted would amount to about $672,500,000 additional rev- enue on the basis of estimated 1949 traffic. The required raise ap- plied to fresh fruits and vegetab- les, lumber, sugar, coal, coke and iron ore.

The Associated Press average of 60 stocks advanced .6 of a point to 67.5 exactly where it was a week ago. Average advances in three out of five days of trading this week wiped out the sharp 1.6 drop of last Monday which had put the list down to the April 14 level.

Al: London

LONDON, Oct. 1—- (Reuters)- Feature of the London Stock Ex- change today was the firmness and strength of copper shares. This follows the news of an in- crease in the price of United King- dom electroyltic copper by £8 at £140 a ton.

Other sections were generally quietly firm.

Montreal Exchange

16

Bldg Prod Bruck Silk Bell Tel Can Brew Bathurst CanCemen Can Pacific Celanese . Can Car Found . Can Car Pfd Cari Steam Can Paper Cockshutt Can Vicker Dom Bridge .. Dom Coal Pfd Don A Dis Seag Dom St B Dryden Fraser Ford A Founda ..