;?3 s

’Morru'ng Stock Letter

( r l

l y i I

(Beoelved over Pitlleld and Co's Private Wire)

NEW YORK, April il—News over the bands, was decidedly mixed. The Labor Relations Board ordered Jines and Laughlin to retire 10 Union Labor men. The company expects to appeal tho case to the Circuit Appeals Court. Weather conditions have not been favorable, at least to Easter business, on the other hand car loadings for week end- ing April 4 showed 613,867 cars an increase of 13,380 over the pre- ceding week and 684,411 over the corresponding week 1035.

Foreign exchanges continue under pr°..*x.ure. Stering is 4.94 1-18, French francs 6.580 virtually back to the gold shipping point. It will be recalled that Thursday's market was irregular but with sev- eral stoclu standing out promin- ently such as J. 1. Case, Colum- bian Carbon, New York Central. Atchison, Reynolds Bprings. Action of the rails was good. We would expect another irregularly firm market today. Continuation of strength in the rails would be most encouraging.

MORNING STOITI LETTER

NEW YORK. April 11—'I‘here was no great interest in the stock market on Thursday and trading was without significance. The only excitement was rather heavy buying on some of the rails, par- ticularly New York Central. U. 8. Steel Common with no earning power in the last few years has recovered to above 70. New Central would seem to have almost as much leverage if continuation of businus is good as steal and buy- ing seems likely to increase in New York Central. In general the spec- ulative ,' ‘ remains about the Hill. Business continues to show gain in department store sales. The decrease in broken loans an- nounced after the close 'I‘hur'sday

calls attention to the fact that debits are not increasing. On the other hand it is possible that high margins are greatly restrain- ing buying powr in the stock market. In fact the one dis-

appointment in the market recent- ly is the slight progress made on the up-side by most issues. A, few of the leaders such as General Motors have shown good galrlg in the past month but the rank and file of stocks remain about un- changed. Ordinarily such a move- ment ia a sign or the market‘top- ping off. On the other hand the market may be simply a reflection of the new conditions imposed by higher margin requirements, how- ever, if in the next week or pos- sibly within the next few days, if there is no more tendency for general strength to develop, profit taking and reducing of lines of stocks are likely to be encouraged.

New York Curb

(supplied by Plifield and Com- pany members of Iontre-l stock exchange and lilh rnarkel)

Itockl ‘low but Amer Gas llllcc

Atlas Corp 13 13% Cit Serv 4 4% ram B so 239. 23%. Ford A

Nlag Hud 10% 10% Stocks Close Amer Cyan ii - 3014: Amer Gus Blue 38% Am Sup Pow 2 Anne Gas Elec A

Atlas Corp 13% Can Mar 2 Cl: Serv 4344 Creol Pet 28% E1915 8 Sb 211% Ford Can A '.’iil/; Gulf Oil Penn 71 Imp Oil 2:1’); Int Pole 38% Nlag Hue] 10% Std Oll Ken 1856 Un Light Pow A 7 Up Light Paw pfd 63

11.41) Gnu. TRAINER

EPSOM. England--(C. P.)—When Walter Nightlngail, well-known trainer, broke his leg Whlli! getting Law Court ready for the Lincoln- shire handicap his sister, Miss Marjorie Nightingall. book the horse over for the “finishing touch- as." But he didn't come in the

money.

w. Jo' Advertising llates—Payahle in Advance

Central Guardian lnonlp, do per word; Western and Elltern locals. lc

per word: Announcements and Coming ltventa 2c per word;

In par vvnrrlx In Memorlom Notices, Spiritual ollerinsn. Cnruin. ric.. 4c per inch; Notices of Tllrurltn and word. oum rote: oirnnpllcntlan.

Clo rallied 70¢: per inch: Lists of Florll and

or name: Letters of Condolence 10¢ npreolnilon, 10c per inch or «ie per

Ilnlzlrrna Charge {or any advertisement tvreniy-live cents. lﬁ§#ﬁ 'E§§ }§§G§%

For Sale

FOR SALE —- AUCTION reinv- Five, Bridge and Whist score Cards. Guardian Central Job Printery.

FOR SALE — T0 ARRIVE APRIL 14, one care work horses. A. M. W1'i_ght. L ‘€48-4-ll-31.

__'._ T ‘.

Agents Wanted

LARGE ORGANIZATION win: over 600 dealers has openings for men with car to dlsturibute food and 1‘ “ “ products on route of 900 homes in your own local- ity. Expecience unnecessary, we train you. steady work, earnings about $80.00 weekly. Write im- mediately for full information.

roe. sane _ wnr-ra rvrr: _ mm «my m cm. "““' L'3‘““"'""“‘ an-eet. Halifax, N. s. r.-aoz9 Fora. san: rr.—cnavaor.r:'r s.nn'TN‘ 1931 model, in good condition.’ Male Help Wanted overhauled. Apply A. B. c/o —‘—‘——‘m— ouanilsn. run sun r.rr-'s., cusps-s llrgeac Insurance xmpnny‘ needs FOB BALI:-MOTOR BOAT, 50 live representatives in each

feet long, 10 foot beam. Apply to Clovlo Perry, Bummersid . L-3861

county in territory not already occupied. Attracuve proposition

FOR. SALE AT A SACRIFICE — house in Gaytown. Apply to Ang- elina Gallant, Kensingwn Road.

L-3641-4-la-01.

FOB SALE—DIl.AF'I' MARE 365. Large Percheron Filfy rising 1 year 960.00. Bhorthom Bull 1 year old (red) $20.00. Also driving wagon in good repair 915.00. Wai- ter 5. Weeks, Kensington.

L-3808-4-18-ii.

iﬁll. SALE AT FBEDEBICTON. farm consisting of 80 acres, good buildings, cultivated for coming seasons crop. Immediate possess- ion. Apply to Mrs. Fiorrie Mc-

Donald, oolvilie Road. L-3552-4-8-4i.

roa sALB—A BARGAIN BUS!- necs Stand of the Late Mrs. Bessie Howatt at Victoria, con- sisting of House and Store com- bined, Warehouse, scale House and Wharf. A wonderful op- portunity to engage in businem. Price and Tenn: reasonable. Ap-

ply ~.DeBiois Brothers. Char- iottetown. L-3897-4-9-11-13

Female Help Wanted

WANIID — mans 'ro LEARN hairdressing. Reasonable charges. Addrem nrrrisa Beauty Shop. Sydney, N. s_ 1.4030

and assistance assured. consult J. A. Moore, Currie Building, Charlottetown.

To Let

T0 Ll-I'I‘—GAIlAGI7. MRS. WHI'I"Ep 36% Kent St. L-3817-4-9-31.

HOUSE To Let? — 23 KING Square. Phone 1210. L-8665

T0 l.E'I‘—iVlAY IST. HOUSE, '1

rooms and bath. Apply R. s_ Maclieth. 288 Fitzroy St. L-3638 1'0 LI-71' — mun AND rrrvn room Apartmerns. Apply 288-J. L-3685-4-13-31.

To 1,310 _‘. FURNISHED APART- ment from May 1st for summer. Central. No children. Write “S." care Guardian. for appointment.

L-3817-4-9-Si.

'ro r.n'r—nousas WEST END of the city, number 9 and 11 Sydney at, pverlooking harbor. Apply W. V. Purdie.

v L-8857-4-11-si

Wlanted

warrrsn _ 11 non! coups. Year1932or 83. !leplyA.B..L. Guardian omce. 1..-ms-4-u-ax.

HON! WANl‘ID I03 11!!!!

year old . Apply "D." care Guardiaiabw 1..-soon-4-la-ii.

Salesman Wanted

IVANIID — olll. roa nous: work at moo, country girl pre-

Boardera Wanted

_'rwo a'1'nnlN'ra Acooanronar. Id-reasonably. Near oolle-re. Apply - Ia-8840-4-ii-81.

tour .. amok can wmrl wearing -collar. initial!

Wall. ﬁnder communicate with Vendoms Kohl. iuward. L-I623

-nu, .

8Al.I8MBN"."TIﬁ ssu. aoor cement and paint. selling plan allows you: to beat competition. Canadian imade. shipped from Ihronto. ‘III United Builders 00., com luclid Ave. Cleveland. Ohio. 17. B. A. - N-874-4-ii-ii.

Hdlp Wanted

ruler alrulnnaat and alias-‘uceral commis- ai llociric 00. LIL. laini wan.

.'-is c;uAaLu1"r§.1owNl. GUARDIAN

Mt ’_I. S to ck Exchange

(Supplied by Ilcmbcrc In Montreal sleek change and curb Harlot)

Pliﬂald , Ill Co. .ex-

ltceka °III Lani Abltlbi

Batburat 13% 14 Bell Tel 144% 144% Bralilian 12 12$ (‘on Car Found 0 ; 6% Can Ind Al 9% 0% (Yon Pac 13% 13$ Celancso 2015 20% l'uns Smelt 275 215 mu Sear 23 23 Dom Br age 38% 381/, Dom. Ht 6 0% Dom Tex 74 74 Imp Tab 14 14 int Nickel 40% 40% Murray Han 055 655 IieColi Front, 11 11 Mont Pow 32 32% Nat Brew -13% 43% Pow Corp 15% 15% shawiulgan .' 211/, Sou Can Pow 1315 131,; St or Can oar‘ ear‘

BANK! Ii-ilk of Can o Comm 160

Bit oi’ Mil 160 Bk of N 8

Royal Bk

0 Produce Prices (Canadian Press)

MONTREAL, April 12.. Wheat, nor no 2 88. Harley C W no 3 48 1-2. Oats, C W no 3 37 1-2. Oats, feed no 1 35 1-2.

Flour spring wheat patents, firsts $5.50.

Flour seconds 35.00.

Flour bakers $4.90.

Flour winter wheat patents, choice $3.80. ‘

Flour white corn $3.80-$3.90. Bran ton 919.26. Shorts ton $20.25. Middiings ton $25.25. Rolled oats bag 90 lbs $2.78. Hay no 2 per t/an carlots $9.00. Cheese no 1 Ont col 10 1-2 to 10 3-4. Butter no 1 22 3-4 to 23. Butter no 1 02 3-4 to 33. Eggs in cartons A large 25. Eggs A medlurn 24. Eggs A puliet, 23. Potatoes P E I mts 90's $1.45 to $1.50. P E I mls 80's $1.30-$1.5. mt; 50's 80's. mts 50's 80. mts 10'; 18. cobblers 90's $1.40 to 91.45. cobblers 80's 91.25-$1.30. . mts 80‘; $1.25-$1.30.

EI El E1 E1 EI

pzzgnnmmm

2 cos $1.10-31115‘.

o 5

Currencies

(Canadian Press)

MONTREAL, April 12——I.eading currencies moved slightly higher on Montreal foreign exchanges Saturday. The United States dol- lar gained ,1-16 of one per cent at 17-32 premium and pound sterling advanced 3-18 of one per cent at 84.96 3-4. The French was up .01 cent at 6.83 cents.

NEW YORK, April 12-—'1'he Canadian dollar lost 3-32 cent on the ioreign exchange market sat- urday, closing at 99 1-2 cents in terms of the United states dollar.

'I'he pound sterling declined 1-8 cent at $4.94 1-8 while the French gold franc was unchanged at 8.88 7-8.

EXCHANGE

(Canadian Preu)

Closing exchange rates:—

At Montreal-—Pound 4.96 3-4; U. 5. dollar 1.00 17-32; franc .88.

At New York—Pound 5.84.1-8; Canadian dollar 99 1-2; franc 8.58 7-8.

At Paris-closed, holidays.

In gold—Unavallable—iondon market closed.

NEW YORK, April i2—1"orelgn exchange steady. Great Britain demand high 4.84 1-2; low 4.94: close 4.94 1-8; 80 day bills 4.83 1-8; France 8.88 1-8; Italy 7.82; Bel- gium 16.92; Germany 40.25; Can- ada 90 1-2.

CANADA PROVINCE OF PRINCE EDWARD ISLAND NOTICE ‘I0 ORIDPIORB 01"

Ap.-u iuﬂaithe houroi o'clock in tho fcrenoon at in the

N. Y. Stnocfk ' Exchangef

(enrolled by Piilield and 4:..-

Dloy members or Montreal atpok -aehaage and are gnarketl ltoeha Opel lint Air Bed . Al Chem 108% 201 Am Can 120 120 Am For Pr 0 8% Am For Pr Pfd Am Loco 30% 80% Am Iiad 24% 24 Am Tel and Tel 101 181 Am Water 24* 24% Anaconda 38% 38 Atchlaon 83% 85 Atl Re! 82% 81% Auburn 48% 4895 Bald Loco 33$ 8% Bolt Ohio 21 22 Bendix Av 28 28 Beth at 02% Boe Air Co 11% 21% Briggs Man 60 Hi Can Pac lly 131,‘ 18% use 161 168' Chen Ohio 58 58% Chrysler 1013;.‘ 102* Com Sol 20 20* Com So 2% 3 Con Can 79 ‘I8 _ Con Gas Co 34!‘ 84 Conn Pro 72% 12 Cur Wright 0% ii Dupont 182% 151 Elec Auto Lite 54 41 Firestone 1 80% Gen Elec 30% 40 Gen Foods 3095 30% Gen blot 60% ‘I0 Goodrich 20% 20% Goodyear Tire 2855 28 Uraliaur Paige Mot 2 2 Hull Mot Cl: 18 18 111 Can 20 25 Int Hair 8155 87 Int. Tel Tel 16 10 Johns Man Co 113% 113 Kennccott 41 41 Mont Ward 43% 43% blur Corp 10% 1056 Nat Cash Reg 2156 27%‘ New York N H 3% 3% Nor Aru Co 20% 295 Nor I‘nc 34, 84% l'm'k Mat 11% 11$ Paramount 8% 8% Penn I! ll. 35 35% Phil l’c-t Co 47% 41% Pub bier Co 4‘: 429‘ Pure Oil Co" '22‘ 22 Radio Corp ' 12 12 Radio Keith Ortih 6 0% Sears Iioo Co 67 1 67% Shell Union Oil Co 111/; 11% South Par: 37% 31!‘ Bid on ind 3/, as“ Std 011 N J mg; ml‘ Studebaker Co 14 14 Tax Corp 3.31,‘ as United Air 21"/,1 ﬁg‘ United (John 71,‘ 1% United ilaa Imp 10% 15“ U H Ruh 34% 3;“ U S St Corp 72 113‘ Warner Bros 11 11 West Union 81 81% West Air Brake 43% 43* West I-lice -0 120% Woolworth 491,5

GRAIN

(Canadian Press)

WINNIPEG, April 12—'rhe climb from last week’s low levels of the season continued on Winni- peg grain exchange Saturday. Net gains of 7-8 to 1 cent were posted as wheat prices responded to a bullish winter-wheat crop forecast.

The United states government estimated only 493,000,000 bushels of wheat would be harvested in tbe.sou -west this lead- ing to risk speculative buyin_ here and at Chicago. May closed It 81 '1-8, July 82 1-8 and October 82 7-8 cents. '

lash-grains spreads were little changed from Thursday's finish. Prices in the coarse grains market moved up with. wheat.

CHICAGO, April 12—Aroused by a government forecast that United states winter wheat production would be 27,000,000 to 52,000,000 bushels below private estimates, wheat soared yesterday.

Bullish enthusiasm, though, was checked by asertions from Chic- ago unofficial experts that the gov ent’s production estimate took into consideration weather and growing conditions the re- mainder of the season, rather than conditions as they existed on April 1.

such an offl:iai forecast, it was urged, was an attempt at pre- dicting weather for the next four months, and thus amounted pure- ly to gumswork.

Wheat closed firm, 1 1-8 to 1 7-8 above Thursday's finish, May 96 1-4 to 3-8. July 87 to 87 1-8. corn 1-8 to 3-4 up, May so 5-8, oats 1-8 to 3-8 advanced, and provisions unchanged to a rise of 10 cents.

PRODUCE

. April 12-1383 prices eased slightly on Montreal open produce markets last week. but other lines were steady. Grad- ed egg shipments in ‘ ‘ or ieu ended the week at 19 1-2 cents a doaen for A large, 18 to 18 1-2 for A medium and 18 for B.

Butter was steady at 22 3-4 to 28 cents per pound for carlots or less of no 1 while lots to retailers were 291-2 for solids and 24 for prints.

Cheese was unchanged at 10 1-2 to 3-4 cents per pound for no I gntario colored, main line arriv-

Potatom: P I I mic 91.45 to $1.50; We use to 01:85; cobbler: 90'; $1.40 to $1.45; 80’; $1.25 to 81.80; N. B. into 80's 81.28 to 91.80; P I I and N. B.-mtg 10': 10; We 80: Que rule 80': $1.18 to 01.20; No 2 whites 80'; 31.10 to I118.

Miscellaneous

(Canadian Pram)

8:ON'I'l‘t!ZAIa, April 18 —Priees moved nominally lower on Canad- im -lltv * _ F ‘ _ section Sn.-zrday. Trading WM at a standstill.

nutter spot-Que grass 2! 1-4 to 8-8.

Bpot—Ont col (Nov-

Bgga 8p:t—0nt .4 large 19 1-2 . I: N, A medium 19 1-2_ to 19, A puile 17 to 17 1-2.

iuenewl.

IFE. new CHARM.

new BEAUTY (oyowz dlome

WHAT a sense of well-being—whai a feeling of security there is about a freshly-painted house. With paint you can be your own magician. You

can wield the wand of colour . . . create your own beauty . . . thrill to the joy 01 bright, new rooms, of sunny surroundings, and of a new, exciting environment. Look at your house now. Are you satisﬁed? . . . If not, call on the magic of paint

to bring you glorious change.

Plan now to redecorate.

USE A QUALITY PAINT

Be sure youuse a quality paint if you want the best results. A quality paint will save you money, give lasting beauty, more permanent colours and protection. for years. Pay a fair price and be sure. And moreover, use a good brush.

CANADIAN PAINT

‘MAKE A NEW HOME"

, OIL AND VARNISH ASSOCIATION .‘.

DISTRIBUTED IN PRINCE EDWARD ISL/;N_D’|I3>.Y

F ENNELL AND CHANDLER

M T’L. CURB

(Supplied by Plﬂicid and Corn- Itlny memirra ol Ilontreal clock exchange and Club Market)

ltoekn open Close 3 A on at aw. Dom ﬁtorol 91,4 9% Ford A 25'/. 25% Imp on 241,4 251,4 Int Pete 391,4 3914 Melchers '

Walker Good

Markets At A ' Glance

(Canadian Press)

Montreal—Stocks closed slightly lower.

Toronto Mining and industrial markets closed.

New York—Stook.s closed higher.

Winnipeg—-Wheat up 7-8 to a cent. New York——ca.nadian dollar

down 1-10 to 99 1-2.

D ll Trading On Montreal

Stock Market

(c. r. By.GIardian’a special Wire) MON.'I'rtEA1.. April 12-—Light pro‘- ﬂt-takmg, marked dull trading on Ilklrtrell Stock Ex today as rmyuirn. faced with a holiday Eas- ter Monday, held to the sidelines. A_e6upIe of issues got ahead, but tho" 'etIll. utilities and banks Iiipped ,as_ much as eight points. Papas, and‘ constructions were mixed. leader was Consolidated with an eight-point drop Noranda worked

Lawrence Corporation firmed 1-4. Dlthirrot gained 1-8. but St. Law- ruid‘ Corporation preferred eased thatunuoh.

A few scattered sales of Bank of

dim in the construction division was Building Products. a point higher at 41. Durinicn

Rails Lead Rally On New York Market

(By Frank Maellfllllen, Associated Press Financial writer) (A. P. By Guardian's Special Wire)

NEW YORK. April l2—A rally in scattered rails, coppers, motors steels and specialties more than counteracted proﬁt taking in sat- urday's brief post-holiday stock market session.

on the home-stretch Santa Fe again come to the front with a rush that pulled numerous issues in its wake.

Industrial news continued as the principal market stimulus. The foreign situation, while still can- fusing, did not seem to be a par- ticularly disturbing inﬂuence.

The Associated Press average of

00 stocks edged forward .2 of a point to 84.7, another new top for this index since .lu‘y. 1931. Trans- fers totalled 198,280 shares.

A pickup in tramc and earnings for the southwestern transporta- tion leader were said to have drawn in specirative and investment buy- ing for this stock as well as several other prominent rail equities.

Santa Fe closed at a new high for the move, up 2 7-8 points at 85 3-4. American Car & Foundry was ahead 2 1-8. Others on the up- side fractlonally to a point or so included U. 8. Steel. Chrysler. General Motors, Calumet dz Hecla, Anaconda, Kennecott, Westinghouse, Case, Union Paciﬁc, Delaware 8: Hudson and N. Y. Central, Colum- bian Carbon was up 4 3-4 on a small turnover.

On the losing side were Ameri- can Telephone, Consolidated Edi- son, Standard oil of New Jersey, Sears Roebuck and National Dia- tillers.

Intematlonal Hydro-Electric pre- ferred showed the greatest change among stocks in the Canadian list, sagging 1 1-4 points to 8. Imperial Oil of Canada. Lakeahore Mines

1-8 while the balance of the group

Bonds were fairly steady

foreign currencies were easy in

ﬁnished with a small loss others were quiet and ur.ch:m~.:d. Utilities generally ru!ed 'ow:r

Power and Winnipeg Electric. A

couple held even.

Salas‘ 8,780 ﬂlllﬂ; bonds 91.780.

and Massey Harris were of! 1-4 to

were unchanged to 5-8 point ahead. \ nnd /

te1'rn_s__0f the United States dollar. Bridge found little demand and while I

with fractional losses showing i’or_ southern Canada Power. Montrsrv ‘

SKATING TAKING HOLD _66The Charming.

LONDON—(C. P.i—There were 13 Pretender” At entries for the Ladies’ Figure Skat- . ing Championship of Great Brit- Prince Edward

ain, indicating advancement of skating in competitive as well as‘

This three-act play with orchestra exhibition events in England.

1 and specialties has a beautiful phil- osophy of life; if you'll only pretend that things are better than they

——j "really are". Life can be made well

H10 1'13 URY. EHgland—(C. P) ‘ worth the living and a beautifu.lad-

—-Samuel Wright. 19, c0lIap.<v(i and‘ mnture, '

died while pln_\‘ill;: in a football‘ The supporting cast; of players,

match on Clapham Common. {Wilfred Mclsaac, Ruth Rattenbury,

Isabel Storey, Philip McQuaid,

Peter Crichton, Pius Callaghan.

Esther Rattenbury, and Arthur Mc-

Guigan. ‘

Matinee today at 2:30 sharp.‘

Evening 8 o'clock sharp.

Proceeds in aid of the Charlotte- town I-Iospitah

DIED PLAYING FOOTBA LL

GAS-BUGGIES ENCRO/\(‘ll

GOSHEN, N. Y.-—rC. P.)--Thcl trotting horsc track at Good Time Park here. where the Hamblcton- ian Stake is run annually. will be the scene of a 100-mile “national, championship, non-stop" automo- 1 :—-w——‘—“w:‘**"‘* bile speed contest on June 13. two‘. The 1-lambletonian is set for Aug. weeks after the Indianapolis rnct-.112.

I l

H|CKEY .&.'NlCllOl.‘S/ON'S

Lacs rwrsr