~~’v-1».'.; /

nuuntiflfjfi» us»

1...,‘ teeter ite flavour" ‘L13, not have the finest

’ ' Jones dz (.70., 88 Great George Street. u _ Aiarlottetown. ' . - I . - i IWONTREAL v Abitibi so ‘ Alberto Pacific Grain .. .. 20 m

TEA

‘leech item the gas-dens’

i glass-walled garage, with six rs icr the di-Splii! °l 3°“ cars» a“

n; day or night, has been opened

ihe Champs Elysses at Paris. tish Electricity Commissioners.

A $30,000,000 plan to unite South- west Ernglnnd and South Willes in an which may be seen from the slde- electricity supply areo. covering 17,090 miles has been prepared by the Bri-

Mowal. SzMcse qillivray

INDUSTRIAL t _ onnans EX- mumo ncurnn 0N ALL on. J EXCHANGES

Ail Listed and Unlisted Canadian Securities, Gdvemment and Industrial Bonds, New York Stocks. Private wires to leading eacbwvges and all branches.

Sendfolffce copy o/Cnnmlian Afivinrfinulle and Oil Sullftlemnil- Also weekly New Yolk Financial .11 nolgwis. ,

HM (1 mm".- (YWP A war A _ IWPMY “Rfilffififig cHARLOTTETQWN

Plumes llM-l I05-

iuourrmar. srdcu nxcrnuos

___

1 Market reports furnished by Green- Hzhields d: 00., Montreal. to Stewart

Brazilian .. ... ... 861i Asbestos .. . .. ....... 21-’; 13.A.Oll.. 35's’.-

.11. C.Powcr .. ... ... . 3’!

lBuilding Products ,, ... 271,-’,- ' Canada Car .. .. 2'1 Canada Cement .. ... 17% Canada Power and Paper 131,-’.- Canada. Brewing .. ... ‘Iii Dominion Bridge .. ... 741-‘.- Fijaser Company .. ... 14 General Steel Wares .. . ... 13 Home Oil .. ,. ... a Imperial Oil .. ... 23'» industrial Alcohol .. ... 9-11 International Nickel .. .. . 391i

International Petroleum .... . l0

Massey Harris .. ... ..... 33% Montreal Power .. ..... .. . 13511’. McCoil Frontenac .. ... . 241L- National Breweries .. . 28 National Steel Car .. ... .. 'l0 Canada. Bronze .. ... ... ..<. 50H Canada. ivlalubig .. ... 18".- Dominion Tar .. ... 20 Famous Players .. , , 407i. iicranda .. ... ...., 411/,

Power Corporation .. '12 Price Bros. ..

... . ... ,.... '18

Quebec Power .. ... ... ... 83 Shawinigan .. ... 751-’; Smelters .. .. ... ... ... 2301/. Steel of Cnnadiil. ... ... 46V.

ipm%&N@£@m@@

Members of The Montreal Curb Market

iilcmbers Standard Stock and Mining Exchange Members of Vancouver Stock Exchange.

Private Wires io_ Leading Exchanges and all Branches. Orders Executed on ail Markets.

’ A Service you will Appreciate.

' 130 Grafton Street UHARLOTTETUWN

HEAD OFFICE OTTAWA

Other.‘ Maritime “ranches Jialliax. st. John. Mansion, Yliflllflllll, , ._ New Glasgow. Sydney. Phones. llli4—1l95.

Steel of Canada Pid .. ..... 40

ivinnipeg Electric... 427i NEW YORK American Can .. ... ..... 141 Alicgiimly .. 31% Anaconda .. ... ... 131.; Bendix Aviation .. ... ... ... 44% Consolidated Gas .. ... ...., 119

International Harvester .. 91 Kennecott Copper .. ... ..... Montgomery Ward .. ... ... Niagara Hudson Power .. ... 10 Paramount Players Lasky Penlcl: dz Ford .. ... -....., 351i Poor 8s Co. B... . ... ..... Radio ... ... ..... 48 Standard Oil of New Jersey .. Sterling Securities A .. ... ,.. Wiiiys Overland ea ... .

Yellow 'I.‘ruck .. ... .

We recommend and offer:

New Issue _ Shawinigan Water 5o’ Power COMPANY

5 p. c. First Mortgage and Collateral I Trust Bonds

Due February 1st, 1970

l‘ lMoody’s Rating “Aa ”

Price: 98.50 and interest, yielding about 5.80%

Orders may be telephoned or telegraphed at our expense.

Eastern Securities Company LIMITED

W._ll. V. DUNBAR, Manager.

CllAllLflTTETOlVN 5t. JOHN MONTREAL fill-WAX MON (JTON SUMMERSIDE FREDERICTON

—

C. l’, R. .. General Motors .. U. S. Steel ..

... ...

BANK S

Bank of Nova Sootia. .. 325 Bank of Montreal 1.. . Bank cf Commerce .. ... .. Royal Bank .. ... ...

MARKET REVIEW

In spite of operating profits re- maining much the same last, year as ‘:11 192a, British American on Oom- fnianys sales of gasoline were up ll,- 10000000 gals. comparing as 91,0000- ‘000, to 80,000,000. Sales of other pro- miucts in 1020 amounted to 20,000,- 1000 gals. Expenditures on capital ac- count amounted to $3,618,000 during the past year, of which $532,000 went in ‘improvements to refineries; $222,- 000 in crude oil properties, and $450,- 000 in transportation equipment. The oil lands and wells, which were pur- chased in Texas and Oklahoma, in order to render the Company inde- pendent. of fluctuating supplies and prices for crude oil, cost. $1,178,000. These 1t ‘ls stated are taken in at o. very conservative figure and could be realized on today sit more than tire amount mentioned.

In its various operations through- oui. Canada, British American Oil Company has 641 branches, 385 ser- vicc stations, 288 trucks, 131 auto- mobiles and employs over 1.000 peo- pic.

..,

3, 1

IiOLMANfSQ 7 Chino Bridal l

Rose Cups and Saucers

-

A . ,; MARCH 3rd. ':, M ' TO17th. "

ALITY _' m“

Lil-GRIP

Caiiaphysleian. Then

d; _ vséfis

PHONE 3'~‘3?3.'?~= 0S . *

\ .

The very minute you read this you should take a mental inventory of your coal supply and then get in touch with us.

Bestquailtyllardend out cm"

and Coke always on hand. You should place your order new.

mnmmew a l non m a

MAsresFui. auuomo

unusual. _UALITY

s

The rich strength ll lllll. the fragrance and flavor of Ceylon main I lea when akllllully eun-

binerl. Fer the "Elna" la Cbeieu Tea. aal yaurgreees lo: KingCelsOraapPslea-

One explanation given ssto the change in conditions in Western Can ado. in the latter half of the year was that the practical cutting in half of the grain crops as compared with that of 1928 lessened very material- ly the operations of threshers com- bines, tractors and other power machinery used in connection with harvesting. The demand for gasoline and lubricants for these machines has become quite large with the Blowing

_' use of those by the graingrovwers so that the much smaller crop great-

iy decreased the demand for the pro- ducts of B. A. Oil and other simil- ar organizations, as oompard with the harvest season of the previous year. _ During the past-‘iittle while share

' values on thevstock exchanges have

shown a tendency toward recession. Although the general tone has been inclined to easiness selling has seemed to meet considerable resist- ance. This has been particularly noticeable on the Canadian stock ex- changes. Most stocks have been sel- ling lower than they were a wcck a- go. Thc ccndlilon is regarded as b:- ing due to the general unxrlainty ivhich exists respecting the outcome of the wheat marketing situation. Market casinessgis also regarded as being in reflection 0f fro. difffrziiiies '.\'l1lci1 are being m1t by 1110's cn-

' clcaroring to cwcluiiy cnrilyzc the

busiicss fundanzcntal: of the mmn~ cut in an‘ enrieavorto deterirfnr: t‘.1: possible tertdcnriesof the next few months, ‘There is a growing 15911113 in the United States that industrial conditions are now begmning n im- prove. Canadians are hopeful too‘.

' similar trend will be felt in the Doni-

inlon after only n brief 1:1 s: of time. Nevertheless the steel: markets have not yet begun to discount this expect- ed change in business and stocks are therefore reflecting a temporary withholding of buying power which might result in a fairly prolonged strengthening in values. Tho fact that selling ‘pressure has not been especially heavy is regarded as rc- assurlng that a confident rlltltiui: towards business conditions over the next few months is being more gen- eraliy held than was true a month or two ago.

MARKET GOSSIP

Furnished by Mowat k MacGlliiv- ray, Stock Brokers.

Whilst it is ad1nitt.ed that some companies _will find it difficult to make extraordinary good showings in 1930, on the other hand, the public utilities" the equipment companies, the amusement companies should continue to gmw, with many of these concems again affording their share- holders the pleasure of excellent earning statements for the current year. This makes it clear that the one using discrimination in 111s pur- chase will receive ample reward over a. period of time.

with respect to the Canadian oil companies and the drop in the price of crude, it"is well to keep in mind that these organizations are mostly refiners and distributors of the man-

factured» product. The finished ’ has not dropped in price and the supply of crude is plentiful, which should work to the advantage of the Canadian industry. For a long time the margin between the price of crude and the finished article has been out of line and it is said the price reduction was forced by the large refiners to bring the two more in line. It is also pointed out the drop may only be seasonal, as about this timoiast year crude oil sold down 20 cents a barrel, only to recover the, lame --arnount in May. with a plentiful supply of crude Canadian companies should do well under the. circumstances and those companies doing a straight refining and ‘merchandietng business are aa- sured of an adequate supply ‘of raw material ‘ to fully look after their requirements.

IaIley-Ilerrll i

persistent saline in Massey-

lbrrts with-its nnltant. weakneb

r111: r._1_1_.\3.o'rrr:rr_1__v_\_lru' convent/w

will- note be able to pay for his im-

Massey-Harris and Cockshutt Plow will not see any-reduction“ in their Bills Receivable until well into 1830. This has brought the question up as to whether Massey Harris will be able to maintain the present i3 dividend rate, some being of the opinion that the nagement may decide to discontinue it until the sit- uation becomes clarified. The selling

' is a result of this nervousness.

Quotations. furnished by lilowat Jr MacGillivray. Stock Brokers

Montreal Stock Exchange

IAsbestos . . . . . . . . . . . . . . . 21-’.- iBell Telephone . . . . . . . . . . . . . .. 152"; l B. C. Power A B. C. PowerB . Brampton {Brazilian |Building Products Canadian Car

Canadian Bronze .. .. 50H Canadian Industrial Alcohol .. 9';- Canada Power 6a Paper 1311.- Cockshutt Plow .. 19%

Canada Cemont"....... .... Dominion Bridge .... Famous Pldyers ..

General Steel Wares . Gurds Hamilton Bridge international Nickel , - Lake of the Woods . Massey Harris ......... Montreal Power McCoil Frontenac ,.. National Breweries .. National Steel Car ,. Power Corp. ..... Price Bros. .... Quebec Power . Shawinigan .. ..

Steel of Canada . . . . . Winnipeg Elec. . . . . . . . . . . . . . . .. 42?. Banks 5 Commerce . . . . . . . . . . . 1" . Montreal illova Scotia . v Royal . . . . !

- i

Montreal Curb f

British American Oil . . . . . . . . ..30 l, Imperial oil . . . . . . . .. 23.40 Nzranda . . . . . . . . . . . . . . . . . . . . .. 41.50. l

1

July . . . . . . . . . . . 118-‘31 i

New York Stock Exchange

American Can . . . . . . . . . . 1401-‘. Air Reductl 1 . 134 {Atlantic Refining . 38M ‘Amer. 8c Foreign Power . 93". Amer. Smelting 6.: Refining 711; Amer. Tel. 8t Tel. 236%’. Briggs Mfg. . . 157'. Bethlehem Steel 1001i. Anaconda. Copper ... '13 Columbia Carbon 1848i Corn Products . 94% lCoiumbia. Gas .... .. 92v. [Columbia Gramaphone .. . a’ iContinentai Can . . . . . .. . 65".- Congoleum . . . . . 171i C. P. R. . . . . . . . . . . . . ..... 207 Eastman Kodak . . . . .. 220 Elec. Power dz Light . 66".’ Fox Film . . . . . . . . . . .. . 3i‘.- Consolidated Gas . 110' General Electric '74’; General Motors _ . 43 Goodyear 82'; Hudson Motors .. 5G

Int. Harvester Int. Tol. a Tel. Stand. Oil of New Jersey

that the Wheat Pool will notbe in . . . w _ . a position to distribute any money to A s s H the odd 140,000 Western farmers v . comprising the Pool for some time,‘ and as a result,‘ the fanner in turn

nlement purchases made laathyear. This means that such companies as

iii-inns

" | situation. Some are o! the opinion‘

i

A4112 Velvet 1r",- m. m». as lilflliums Shav- ing Cream lmvn 1'I-1'n per/It! shape for "II mi! or’: nhavs. Laud o}. boll 11,600.

Av; Tliii: WILLIAMS WAY;

"Four 0’cl0ck and my face feels fine”

So will ‘ours . . . at four, five, six or fen o'clock . . .1 if you s ave the Williams way.

Lather up tomorrow morning with Williams Shaving Cream. Brush it into great soothing biiiows. Then treat yourself to the smoothest shave you have ever enjoyed . . . for no matter how tough and wiry your . beard, Williams has tamed it. '

The after feelings great. Your face is ‘iinoodi, scoff, flexible, younger. In perfect condition for the day.

To keep it so, try a dash of Aqua Veiva to conserve natural moisture and help take care of tiny nicks and cuts. Keeps die skin as Williams Shaving Cream leaves it . . . in perfect shape for the next day's shave.

An overwhelming majority of Canada's barber: use Williams lather, pure, mild, uncolored, the product o! 90 years specialized study of skin, beards and shaving. Williams Shaving Cream comes to you in large tubes at 35 cents and doublcsize tubes at 50 cents. its com- panion luxury, Aqua Vclva, in large 5~ounce bottles at 60 ccnis.

Perhaps you would like the novelty of Williams Shaving Liquid. Very ncw. Ask your dealer. v '

SHAVING CREAM WAQUA VELVA

.1111: y. n. WILLIAMS co. (cannon) Limreo. MONTREAL

- Remington Rand . . . . . .. . .. Radio Keith Orpheuni . . . . . . ..

Amer. Bycrs . Ailcglmny . . . . . . . .. Baldwin Locomotive Bendix Aviation . . . . . . . . . . . . .. Commercial Solvents Connnoinvcaliii 1&2 So.

.3l'|

. l6‘.-

—. . —~ 1 _. . v ‘lPan. Amer. B. . . . . . . . . . . . . .. Curtiss Wright . . . . . . . . . . . . .. IO-k i Tile Church of Holy T1 llllt), Strat-

iPubllc-Servlce of New ‘Jersey .. Famous Players . . . . . . . . . . . . . .. G8‘. ifOrd-Ou-AVOH. England, ivlicre Shak-

i Radio .................... Packard . . . . . . . . . . . . . . . . . . . 111*. = (‘r-nears is Wlicd- “'11s ""11"! bYF-“Pll

‘ |Su11 on . . . . . . . . . . . . . . . . Slmmons _ . . . . . . . . . . . .. . cs1; f into and three bolus 0011111111112: dou-

lAtchiiaon . . . . . . . . . . . . . . . . . . . . .. ’I'ii:1kcn Roller Bearing . 11110115 "H93-

- i

1111c. Combustion . .. Srnrs Roebuck 0" 1 ~¢»— _ ‘ V v Pcnn. Ry. .. .. Uniictl . . . . . . . . . . . , . . . . . . . . . .. '. "Dxiol valcnu“ Zeums‘ Ausams

.~._ ‘famous. "nature healer." W15 01191105 4 new buildings» m; "illspach, Upper 907.; Anztrln, WHEN! lie will be able w treat

' Warner Bros United Aircraft '

U. S. Rubber . . . . . . . . . . . . . . . .. ' 1" Gillette Razors . . . . .. _ _ _

Sinclair Oil . . . . .. .. North American I10 fr“) \‘at"““"5 a Fla)‘ ‘ _ _ _ u

Stand. Gas 8a Oil , . . . . . . . . . . .. 1107-. Vanadium Stccl . . . . . . .. (i3 "" ‘ ““ " __’,

Spiccr . . . . . . . . . . . . . . . . . . . . . . .. 32% Reynolds Tobacco . . . . . . ' -". . .

Studebaker . . . . . . .. ' Stand. Oil of California . . ‘Vlnter Slckness

Shell Union . National (Trish Register . . . . . . .. .". iiccp Minnrdk handy, 1t has

Westinghouse .. Stand. lirnnrls , . . . . . . , . . , . , . ,. 2U . brown invaluable for many ul s. Steel ....... .. u. s. ma. Alcohol .. 11:11..‘ "m "will" ailments-

Yellow Cab I . . . . . . . . . . . . . . 20 Lambert . . . . . . . . .. . 107';

Woolworth Moncy .. . 4"

,-. cw- .1511

. ormr

i R if ° l 1 . i Circuscs may 111.111 to star‘. nut 111's _ your for it has just been rcpoiicrl that more 1111111 12111100000011 pound. of iwnnuis; wcic iniscxi lllailli‘ wopi<i iii the inst l2 mouths.

SPECIAL BLEND

TEA——39c lb. One Week Only

shipping bags will is furnish- ed without charge by anlrlax tel. ‘I. Iehaill. ML Ill- ulcalls, P. I. I. ' Iepfeaalled b) - Alfred Fraser. Inc. Ill fifth Avenue New Yeti. I. Y.

PHONE 1s4

. CUDMORE BROS. . f

SERVICE cuocsus

'¢,,,,',,'.',"_'_'_""""" Cocoa, 2 lbs. .... .. 3s.- l’. s (1- Soap. 10 for .. 12c "flbiwllh Mo. i1 for .. 25.; A Mcnmolne , ward Numb, 6 for 25¢ Surprise. 10 for . . . . .. 551- 2i lb. ling l-‘lour $1.23 Mack Truck . . . . . . . .... Beans, 10 lbs, _ _ _ _ _ _ _ _ $5;- Sll'a\\‘l)9[-|-‘v Jilili (lit Jo"). powder‘ ‘l for _ _ 25c g3;-;;,;,;,-,,,;,;,;;,-~-~ 11.1 if“ Siif-“l: 2:" f1" "l" ~~~~~~~~~~~~~~ -~ '19" Raisins‘, 2 for :1. ' ' runes ' s. or L-.c - - . . ......"- ’ ' .'l .1 \' ll:,.Z , g . _ h‘ w Lux Soap’ 3 for I 23c 10:1}; 1011.1 l 1n1 (i0 H" Isrulioni f) ‘('17: pic. “MM“Mm.“MTMfm@LIKA Pineapple, 2 tins 27c (fomflnkes‘ ‘l m" P“ .l.om,m, gm“, o 1-m- ggc ‘I an." 1|" u," of . _ Matches, 3 for 29c ‘ ‘ " " ' ' a’ Lennox Soap, 6 for 2pc Corn Syrup, Sills. 37c iiux, 2i pkgs- . . . . . . . . .. 29c _' .1 .»-'}~/'Ifti'§»'.l1'.5..<.i4737-;" ., *‘ - < I HOURS Ol" DELIVERY RED ROSE TEA . . KING COLE TEA c M. Lampson a Q0, Morning Afternoon "ammo. '. REG. 75¢ 0.15 A- u. 21*. n. 1111c. 15¢ U QR" 51"“ 10.30 A. ‘H. 11.110 l’. M. lmrdou, I. C. 4, Iasland NOW u 30 A M _. l, M NOW Public Auction Sales 60c lb ' ‘ ' " ' ' “wlwnms ' All orders should bc at our 60¢ lb-