I

mugusl‘ g1. 1951' i

"Es TERDA Y’S STOCK Zvp

Morning Stock Letter

Wall Street Mirror Says:- Special to Johnston 1E Ward ,1 a , jfidfigz§1cfizc§az§afiicgzc§xfiaxr:

IZKITZRI

amNTBEnI. c r‘ n .. .. 4v. 1050 100.215 101.211 _ c N u. . m, 1011 100.25 101.25 “MM _, ... ... ... 2V1 a .. .. 1011s 100.25 101.211 > ' . .. 105-1 1111.15 102.15 .\1~11-11t11|s1-111ifl¢_if}???... .. .50 1: N 1t .. .. 5' 1115i 101.15 1011. “""""1 1111.11.11 . . .. -_ 1‘ N R .. .. 5 1111111 105.15 101111 11.11.1111“ so,“ $111111 .190‘ c 1x u .. .. 11 10110 105.15 10111.1 ""‘-}..111111111111~ ...1.10'.11 1! N 1: .. .. :1 1010 105.15 1011.15 {1311111111 . . . . .. . . 1W1 11111111 11 1'. .. 5 111110 105.15 100.15 "f 1111 yo..." nouunoN or causes ooNns l‘ _. - - l ls . l".'.'1'1§'.i.‘1'“r'1§1'1i’.‘..“1° . (“X EXEMPT realms) .; ‘m hiuiling ... . 5 "M3111", ,'.',",:‘;.".,1""11‘.....‘.'.‘.‘é’.".2 1:‘ '1 1122K‘ Sfiiiiiiii 1231i? 133% ‘p2,. 1111111111 .. one 1111114001 100.111 101.01 “hm. n“, m". Fnnnflf); v 5'». pc .. .. Deci,iil37 110.35 113.00 '. I .1 inl Aiccho -a1 .4,,‘:.:‘.1l1i.1‘1=1no1511$1115.... . . . . .. .. 1:31’ (raxsnna ISSUES) 1~-11':"§:Q '.|-f,'.‘-"§111i"c1§é1111111'1i ' '11" 5111 11c 5111.10.12 1112.10 102.110 1""","m“ “m... _ .\11v1.10:11 101.115 101.10 1_'""'" m, 1111111010 101.55 102.011 JHI-“Pf! Shje. “...-... . .. 11101111010 105.1111 100.411 "ma" 1111 1 . ... 00115.10“ 101.111 102.50 1L1111r1-iHHUHHI NM”. 11; .. FebLiil-iii 05.00 0025 ‘. 1' 1 1 11 - - ""11?" . 1011/. 11011 coNvsnswN ISSUES) y.” $13,111:...‘ . . . . . . . .. 1a 111.111 . . N11111.10111-.-10 1mm 10am 1 11 1.. 11. 111111 Power 4.1V. 4"'.-11c . . hovl,lili7~57 102.25 102111 y! '1 211,1, 114111 . . 15101114010511 101.25 101.00 = 11,9110 . . i\0v1.li)ii)-5fl 101.115 101.05 ‘§._j,',",!{-""1-.;;.l1;1i.{{1.1{1 ' 111111111111 Review r00 Avcusr u. 3...,“ |11-11||11~r.~1 .. "31

|1|1'l>1'1' l'i'“'l'r k l- 1k .

\1111l--\' lwinon 111111 Sop! ~- 8110] 0f (‘nnmu . ... ... NI.“ n! (‘nuntlu I‘fd. ... .. \\'in||i|11'g Llectrie ... ...

NICIV YORK

INTERNATIONAL Nrcusr. 00.1

'i‘l1c J1me .'i0th consolidated alnte- mcnt of international Nickel (‘olnpnuy of (‘1111n1ln. Limited. and subsidiaries. mlheres closely to expectations iu thnt 11ct profits on lllg common stock for iho 110001111 quarter of the your amount- ml to Rc pcr share. equivalent to tho

1,1, result for the first three mouths. This

r. ’_ ...- .‘.. ... .. |-..1..-11Il1ir1tc1l l1iim ind. ... (‘1111~111li1l:|l01l_(‘1fltl --- ~-- -~~ 1‘111n1111-r1-ini Solvents ... ... ]1111ni11i11n Stores ... ... 131111-1111- Ptnvcr and Light .. ]-‘11\' Films -- lW-m-rnl Miihnit . (ivnortll iilolors 1:11.10 " '

.1 nurii rt '41 llililllllutionnl llnrvosler . . . 33% 1411111011111 Popper . . . . . . . .. 3|....|q..11|1\r_v \\11r1i .. . ... . --§a y, 11~r11 lluilsuu Power . . . . )1‘1"<1

1-. .-|. . . . . .. Tun!‘ null (‘11. ll ... ... llndlo ... N~':|i‘.1l{o1~l>1|1'k .. ... ... . l<l:1111l11r1l Oil of New Jersey Storiin Securities A i ' ‘ .

ACTIVE IIOND PRICES (‘ORPOIIATION SECURITIES:

11111110 .. l‘-1'ii 'i‘cl .

Grit i'/1u' . Jmmt t‘ .\l (‘o ., Mont Pow .. Blunt l'o\v .. Jilont 'i‘r.-1111 1 3111M 'l‘r.'1ui - 1'11» l'u\\' ... Nun!‘ l‘111\' .‘ '1'1u' l'11u' . . 1111 80111111 .. M5 ll1l.\lI.\'lU.\' 0F (‘A GFARANTEED IIONDH

i' .'\' ll .. 1. #51954 100.25 101,211

_ in the

ulvcs the company net earnings for the first l1.'1lf of 1031 amounting to 101‘. lit-r ahnre 011 the cotninnn stock aa cou- trnstanl with dividend disbursements nggrclrnting 30c per share. ln order to nun-t’ the dividend it was necessary for the cmupnuy to draw upon silrylua to the extent of 070,071 or 111111111 tn l-lc n share on the common. This had ti1e effect of reducing accumulated surplus 11s at Jun.- llllth to $1R,ilfl5,-i50. (‘oiuhiued tolnl income the threw- mouths amounted to $1,312,288 compared with $3,254,381 in the pre- ceding quarter mailing $0,500,009 for tiu- half-year, n reduction from $12,- 1521408 in the first six months of 1030. After nilou-ing for n slightly decreas- 1-1l general crpt-nso item, un inercnsod tax provision and a higher 111-1111111011 for 1ieprccintion nu ddcpletlon net profit for ill» quarter was 51.70024!) Pfiillunrcd with 9.11.50.11.38 in the first rlunrior making net for nil divifiourls for thc six months $1,350,980 being n c1111trnction from Slfltlllfifl in the first six months of i930. Preferred show-s three months absorbed the usuni Hill/till nn1l common 1iivi1ien1ls worn just 11 shade. higher at $'.‘.ltlli,8.'lii hrinulnl: disbursements to common snarl-holders for the half-year up to $1r11:1.r12s. , ilnlnnce sheet position continues strong with 11et working cnnitnl in- dicntcd at $27,531,260 on n current r:1- tin better than flvc-toV-one. nl- thouch amongst current assets n con- tractions are shown in inventories, re- ceivables 11nd cnah, tha latter being

tho sir months.

Further declines in copper price! during the second qunrter of the yenr substantially offset whatever ntlvnut- ngp the company hotaincd from im- proved results in connection with itii nickel and monei metnlmnrketlng nr- rnngeinent.

DOMINION TAR AND CHEMICAL COMPANY:

With the opening late this month of the new chemical plant of this coin- pnny in 'i‘0ronto. the organization will he in u position to carry o11t n con- sitlornhle volume of export business in its ncw products, phe11ol, cresol. and

F

Stewart Jones 81 Co.

l Correspondents o!

Greenshields 81 Co.

Members of the Mon I I

treat Stock Exchange

11 1' '

88 Great George

SL, Charlottetown

Healthy animals produce larger litters. better pelts and bigger profits-

Therefore iecd “IMPERIALS” regular-

ly and liberally.

_ For Sale by Distributors in Leading / | Business Centres and

"i". l

Direct. from Factory.

.11AA

Terror 8717:1011 C0116. cuantcnerolvu

*\~ / 0.0.1,.» ~

down from Siifltlhiiii’! to $3,061,520 i11 L

‘THE (IHARLOTTETO

wNjFllfifi D!'_‘-Z'__

cresyi-c urnl. have been imported into Canada, being quiet extensively usd by industry. There ia now the promise that this trend will be reversed with the coin- pany inking care of the Domiulon’a re- quirements and still having available a good exportuhle surplus. In this wny the company is making a welcome contribution to Canada's foreign trade position hy helping to reilucg imports and increase exports.

INTERNATIONAL NICKEL!

The financial community mada up lta mind some time ngn, that inter- national Nickera earnings results for the second quarter of this year would, be equivalent to approximately 8c pub "Vi". 0|‘ Ilhout the some 11s in the? first quarter. The statement now . benrs out this but is of conslderuble interest in show- ing various other points relating to the position of the company. lllirticu. larly the balance sheet items.

Net working pltni at $27,53i.25il showed a reductl n of nenrly $1,800,000 from the iloaitiou as nt March Slat 11nd approximately $2,500,000 as compared with the close of 1030 rear. The re- duction has been effected largely in cuah and cash items as compared with

December 3i, i030, and in these and lin receivables as compared with March 3i. 103i. Current assets at the close of |.Iune of $11,111,064 compared with cur. rent liabilities of $0,170,805 indicating

s ratio of nearly 5% to 1. New York Exchange (Special to Johnston l: Ward) OpenlliighllmwihustlNtPh llgduc isgié 83% 82 83% +1 (‘ , I‘ — Am giThuo DIiVnI 081/4 Dill/i. “NV; +1 A111 a‘ Pow 111% 1101/11 110% :10%1+ V11 Atn P at . 38 \ S . ‘ hill '1' T21 1111/. 1101/, 2 A111 ‘Pohur: I22 122- 1% 111111 (-1111 01.1w . 251/. 25511 '/1 t1-his 1 .. i-i 111111 X11111» .|1111-y.'|111|;|1-10% 111 1

'il11l1l Loco . l-l

Iinit Ohio . 48% ‘lb Bond Av

Beth Steel 421/1 l Brinks .

Byers . 33% 2 C Pnclfic 23% 04

do Pasco

C-Nnirn .

(‘hens Ohio 38% 2% Chrys lilo . Ml - . 34% V4 Col G Elec I 30%| 31%| 30%| Ill l ‘A Con! Gna k 041/; 96% il-ll/y 00% 1%

+++i i l l i i lT+++++l l+++‘l-i l++i+l+l+l+++ll

c-w1-11-11t . 31/. Dav Chem 121/, E Dupont . Kill/Z 00% . V. 00% 1 Elee A-l. .. 43% H 431,5 H Y; ‘idiot: l‘ l1! 40%| 411/4 40% 40V; ‘K; F0! Filiil 14%| IA 14% 14511 '41 lien Elev l 41%| 42%| 11%; 42% 5Q (ion l~‘11o1ls I52 | I (1011 11 . .. .10\/. 311% 1131/. cs1. t’. Gen it Sig 50 Gdrieh liuh i371; Gtlyr llub 43% Hons Oil .. 44% Hud lilo ‘iii . ‘if: ‘A 1 1%

Lig My B — 5i Loews inc 40 4D 48% 49 + "/11 i\l Truck 12% i- 5‘; 1 1c Te! 12 + ‘>2 111 Pacific 201/1 2004. 2014. 2111/. - 1111111 w111-11 220g 22 22a 2201+ ‘>6 i‘""111"° ' ti? i??? iii: £011‘; ‘at a . ' .1 - z N111 c Reg 211/. 211/11 21% 2111+ v1 Nat 11 r111 115% 1151/11 551,4. 25y. + M1 N 1' Cent 14 1154. 15% 11011 Ma N Am c» . 00% 110% 081/1 0014+ Puck Mo . 1 [- Pnr r1111 2101. 210312-101 2-1=/..- ’ Penn llnil 42 + N r1111 111-1 111,4. +111. 1' s ofNJ 1111/. + ‘A Pull Co .. - ’ Radio (‘p 2i 21% 0% ‘.21 + 11s I d 121411511; 51,4 1514+‘? iciu n11 — 111-11 1 s .. 140;. + ‘$11 1111,11 Dutch 21w, 21% 21w. 21v. - Sofa Stores 4101.5 ti? 00% 067/11 + :2 1 nc orp . 4 . — s1111 C0 . .. 1111/. 11111;. 11 +1 s 11111-1110 '14. 15-"14 111v. 1521+ 01 S Brands . 1111A’ 10% 10V. 10%|- s 1*. 1:11-1- 11114. 0111. 0.11151 0i'/1l+ 55 s 0 111101140011 401/. 10y. 4'/,+ V. s o ofNYl 101,1. ~ S Warner 111v. - Studebaker 17% ‘l- ‘k Texas (‘o .. 24% 24% Zillfi ‘241234- ‘A1 if‘ (l: all“ gilt! 111/ lll . V.‘ q u c. 1111-11 52 1111/, 521,9 52- + 1/1 ., ‘in-mo 115 113141115 1140114142115 I s11- .. 200;. 00%| 2011,11 :101,/.|+1141 11 t‘ 1mm ' i651‘ 1 mp . - 11 . ,4 .. 11 . llSlAlco '1 |:11|.'10n:11|+1/. 11 s 111111 .. 14%|11"/,.|110/, 1471+ 1A1 11 s 5111111 . 015510014101 .0 |+11/. v1111 9111-1 .1 201/11 20%| 211041 20at1+ 0e \\’nrn ll (.'o I 8%] 8%! 8W BMI-l- Y. Wnr Bros .| i0 I- \v1-1=t Elcc ‘c515 001/1105 0519+ ‘J1 iii-nigh ' ' 131,5 1201. 10v "Wdilb: 0O O a. ~ .1 l-‘ uw11-111 P .. M1 41 41W+1 y '1‘ Conch 15%| 01.4.1 s01. s11§|+ 54 WILL INSECTS DESTROY MANKIND‘!

LONDON Aug. l5.--Mlm will eventually be wiped out of the ln- sect. world. ‘This is the startling view of A. Moore Hogarth, chair- man of the College of Piatology, who has made a life study oi.’ in- sects. In his research laboratory in London are thousands oi.’ bugs from all parts 0f the world.

In the opinion of Professor Ho- garth, the end of the world will no; be caused by a calamity such as earthquake or flood, but by the ascendancy of the insect world 0V- er man.

"The trouble is that men in 11111111111111.1111 take no organized steps to fight. the insect. Menace. and they don't. realize that insects have brains," he declared.

Insects would one day conquer man, he said, because they had one main object in life-to satis- fy hunger-while man's brain was dissipated in various other inter- ests. l-la pointed out that before the war mosquitoes were 111111101"! in mglsnd, while now almost every one had been bitten by one or more.

OBEGONIAN COLLEOTB AIR Li’ ISIS

SALEM‘, Ore., Aug. 15.—(U.P.)—- O. 8. Douglas has taken an inter- est in something modern to collect in ona'a scrapbook. Several hund- red air mail letters sent in first

impression. C

The Montreal Stock Exchange

(spacial to Johnston k Word) 0p OpeulllighlLowlLast Bell Telephone

. 11111311 l! C Packing l / Brnzillup lill/jl 19% 13V; 135s B C Power A ‘Ki (‘nn (‘ur Fdy l (‘an (‘ement . .. ‘IFS

I

1'11 1 “Tl 2114.1 21%| 2311.1 2:11,’. (‘tins bl Smelt .. ltil lll3|§l llil Ilifilfi n11 111-11110 .. ...|:>.:11/.1t1i 111314131 n11 Textile .. .. 01%| | Gen S Wares ... 13%| Gurds .. .. . 25%| 25I/lJl25 25 Int Nickel . ..| 13%| I4 13%| 1<l lie-Front luv.‘ I ~ lifont Power . .. 4R 48% 48 liflbiz Nat Breweries ..| 2714i 21% 21%| 271/.- Power Corp .. ..| 43%| 43%| 43-361! 43% Quebec Power --| 32 1 | I Shawinignn .. ..| 4i 41% 41 41 Steel of Canada .| 29%| -

iu Elec .2. .--l10 I12

BANKS

Commerce . . . [201 l l I

The Montreal Curb Market

(Special to Johnston k lifurll) Stocks Bonuhnrnois A .. British A111 Oil . Ills Corp-Sen . Do Stores . Home Oil

imperial O imp Tobnc int Petroleum Nornutlh .. .. “I20 .'1|20,45| 20 P-Hcrs Ltd . ..| 80 I l

120.15 I

EXPERTS URGE SCIENCE COL-

LEGE TOKlO, Aug. 15.—(U.P.>—Dr. Sakurai, Pricy Councillor; the president of Toklo Imperial Unl-

versity, the president of Keio University and several other prom- inent educators called on Cabinet. Ministers to urge them to form an institution for the advancement of science in Japan and to train young

students for original research work.

They stated that the Government may be having difficulties with fi- nances, but the suggested step would help solve this problem in future.

industry.

tires.

a eed record of 24 1i

Sir Malcolm Campbell estab-

lished a new world's

is year on DUNLOP Tires.

Dominon O Canada Bonds

fc Johnston I Ward) Bid Asked Wnr Loan ...|5 llilfiihillhlllil 11211- 1111111 ..|11 1111:11|l°"-*"l

v1.1.1.1 1.111111 .. .'..-11~'1|10:11|101.151 Yh-tory i101111 .. .. ‘Mliliilllm-‘lil Victory Loan .. Wlll37lllll3i5

lioncuwil .. ... ‘Slliillflilillfi-‘l 11011111111111; ii'.<1l101r1110'.'.00_ liefuniliug ... llillflllilll-ilWlllll-zln ltofumliug ...|llX.llfiHllfll,R.'S| licf11n1l|ug ...|-i',§|l9ill|l0i.il0| Nod Bonds -

Wll IIlL-‘ifi '1'! 102.30 5Q 104.45 59 10i.~l5

VELOCIFIES OF THE

THE ’ i HYDROGEN STARS

Among the most numerous of any class of stars found in the heavens are those bluish-white stars whose spectra are characterized by strong adsorption lines oi.’ hydrogen. Sometimes these lines are fairly well defined and are accompanied by numerous other fine lines in the spectrum due to the presence of me- tallic vapours in the atmosphere in these stars. But in general the lines are broad and difficult oi.’ exact measure 11.. The radial velocities of adurge number of these have been under investigation at the Do- minion Astrophysical Observatory of the Department of the Interior at. Victoria, 8.0., for the past four or five years. They are, in the snain, stars which are too faint to be ob- served except. with the largest tele- scopes. The results for about £140 of these hitherto undetermined ones have been obtained as well as many observations on similar stars ob- served elsewhere.

DALI-IART, Tex, Aug. l5.—(U.P.) —From the wreckage left in i118 wake of a. cyclone several weeks ago Sedan, N. M., 3'7 miles wcst of Dalhart, Ls gradually Nbuild- lng. A new merchandise store building was opened this Week and construction is well under way on a modern $18,000 school plant. Several residences were 0.150

demolished.

lTH other immortal pioneers, the name oi DUNLOP is engraved in stone on the Ford Museum ai Dearborn . . . a iribuie io the man who founded the pneumatic lire

The history of DUNLOP is the history ol the lmodern lire. Founders oi the pneumatic iir_e industry . . . l'_1r_s_i to build a cord lire . . . flrii to develop the drop center rim . . . io develop the straight side lire . . . li_rs_i io build the Cleaied-Grip lire . . . DUNLQP has

pioneered ai every siep.

To-day DUNLQP has over $200,000,000 in resources . 50,000 skilled cralismen . . . 42 years oi lire building experience. p And io-day, as ever, DUNLQP is a pioneer oi new improvements, new discoveries-better.

land 5.7 m.p.l1.

BOND Q

TOURIST ATTRACTIONS OF MARITIMES DRAW INCREASING NUMBER

MONCTON, N. 13., Aug. l5.—N0t- withstanding the present world wide depression the tourist attractions of Canada's Atlantic Provinces still continue to draw increasing num- bers as latest tourist figures show, according to a statement issued by M. F‘. Tompkins, Regional Traffic Manager of the Canadian Nation- al Railways, here. The State of Massachusetts, as in former years tops the list. The figures also in- dicate that greater numbers are coming from the Province of On- tario as it stands second on the list. Quebec comes next with Maine fol- lowing and next in order are the States of Connecticut, New Jersey, Pennsylvania, Rhoda Island, Mary- land. Practically every state oi’ the United States is represented. In the case of New Brunswick, figures show a twenty seven per cent in- crease over last year. The depres- sion, however, is reflected in the greater number taking out entry permits for shorter periods and 111 smaller expenditures. The tourist cabins have been patronized to a greater extent than formerly and merchants report less buying on the part of tourists so that, while the number has increased, the value would be about the same as last year or probably a. little under. The new car ferry, S. S. Charlottetown. operated by the Canadian Nallonfll Railways across the Strait of Nor- thumbcriand between Cape Torm- entine, N. B., and Borden, P. E. I. is proving very popular with tour- ists and is bringing greater num- bers of motorists to Prince Edward island. For the week, August 1st to 8th, 322 automobiles were carried on this ferry. The S. S. Charlotte- town is the largest vessel of its type in the world and went into service on July 26th last. It was built at Lauzon. Que. The Canad- ian National Railways operate three hotels in the Maritime Pro- vinces. the Nova Scotlan at Hail- fax, N. S. the Canadian National

Market

Correspondents of Gr (lipaclnl to Johnston b Ward)

11ntll the strung rally which termin- utcrI the session. Prices fell oif lume- n-hot in the i11ll period hut conaltler- In: the rapidity of the ndvnnce the

lug r1|lly aviui Impressive enough to indicate- thnt action of aha aarne char- nrter might be present in the opening today. The volatile issues were prom- lucnt In the upswing but what appears t0 he more Iollrl buying continued in iha merchandising 41nd food .llflrkl, some 11I,w|1icl1 should show excellent fllfhlllks thls yrnr. .Thc oils .were ugilln in Invor due to the increasing indications of a major turn for the better in tho Industry.

On the upside the first teat, ualnlr the Dow Jones lmlultrlll average will 111- 141.00 [Flfllld 1111 .1111,» 2111 111 any setback volume should be studied “bile ehllltvto 1m» from 11111110 the low of 131.03 reached both on the l2tl1 and 13th could be interpreted favorably. WALL STREET MIRROR:-

Tho rwtlon of the market is convert- lnI more followers to the constructive side of lha Itot-k mnrlu-t. Furthermore oven on tarlauicnl grounds the murket In entitled to more up lirountl the 147 lrvcl 111a measured by the Dow Jones merugen. in mltlltlon to tho technical alprcbtha mnrlfet could ell

tou Lodge, a seaside summer resort on the Strait of Northumberland near Plctou, N. S., patterned af- ter the famous Jasper Park lodge in Jasper National Park in the heart of the Canadian Rockies.

KILN-DRYING OF RED PINE

The Forest Products Laboratories of the Department of the Interior recently conducted tests on the kiln- drying of red pine (Pinus resinosa) to see whether this species could be satisfactmily kiln-dried for interior trim or other similar uses. Some doubt had been expressed. as to whether the comparatively high gum content of this species would render it unfit for such use. The tests conducted both on a laboratory and on a commercial scale clearly de- monstrated the fallacy of this opin- ion. Exudaticn of the greater part of the gum was effected in ki1n-dry-

at Charlottetown, P. E. -. and Pic-

N .

ing and the small amount of resid-

PffY’. T-IIPJE

By STEWART JONES & 00., Charlottetown eanahlelda & 00., Montreal

I NHIV YOIIIK, Aug. Il$—Tha relative- y suhltsat ll buying carried prices to. » . their beat levels in the fourth hour ya», ;'§°,','.','|,.§',"'|: ‘gm l ' -