Ni vffl
ggmied so 9"- "W" of Condolence
$1.00 uid APP"
Wits Wanted
‘ IOUR 5PM, m.) ngusehold necessities in "‘ --~wlt~ry uI iv“! tlhmce- “m” ‘l (gag. Edd-flue): dealers are de- yf; i» - "‘" . ~-'. , 1 did revenue in SE4 fiéulgflaq$tlirlffles, Tonics. SundIY - - .. . . Bak- iiedii-P-PS- blanks‘ Spdceigiuma. t. "girder, Lakes all . _ ‘g _\ not you? No risk. W?! w‘ r51 needed. Tiavelluig t, essential in a rural gulch Evgry individual l acme buys; Writs today“ 1s Free details and catalvlu°—Del uovh a trial-Famllex, 1600 - .13 Montreal.
Automotlvt
m! FOR. AUSTIN “Cnlsjfnd-Isgck; R. J. McDonald. {If ' st. Prl r! weir-r mzrsms. “$21 Ltd. Phone 262. ' RVICE STATION‘. Mgflelll. imperial 0“ Products. scw-“ilm-‘b m‘
. . “<1; SALES AND Sarvices East ROW-W phone l786-L. c
mu -
rsou MacLEOD- P0 ‘
uéLuicr. c. M. Tum» PM“ 2°“ t5 Cumberland-
Bake; s
gum’ ‘Amt Emmett Mao-
“Hi5
15g ERRED’- gonak, PM, Phone 161s. sFECisiuzrxo IN BEAUTIFUL‘
d qgddtng and birth- ilyaydecirealgtfs. w Cenlfal Bake‘, Phone 153-1, uummerside.
Building iluntractnrs
. . . , a u I L u E a s.
wTq-ylcul-Llaélaggliflfi. w. Burrs s: gens. Phone woe. Mslvwilt Road.
Bicycles
AND _ The Bike 5MP-
Great Georzl Bile“-
fiars & Trucks Fur Salt
_ on FARGO ‘A T05 Cindi-mood lconditlon. 10W mile‘ 3i w w. clover. Mt- Shiva“
a sums om: can. 195° CK“; w; 9x12 carpet. fine trl-Wfly hmp, two silver ash trays-Willi: ma... .82?- glit jgegg? pllone u. Apply a m‘ '
I111.
SPORTING
ntcrcues m
Gold Storflsfl _ Locxmts FOR RENT. BAIT rQB
mic. Basra-n cold Bwrm! W Ltd. sourln
Cleaners and "W" OIJDJIORITS DRY CLEANERS
Specializing repairug and press- ing clothing. Phone 692. .
QUALITY CLEANING; LAUN‘ daring. Shirts a specialty. P110119 ‘.237, Rite-Way Cleaners.
Brut Stores
Adygrfising Rates-Payable In Advance
nun“, bu F0!’ An: ‘---= ' . Kaila“? 5o per wurTI; Weltgm and I-Jutern Louis Central Gus-l’ Announcement: and Ulllnln‘ Events 3c pa word; ‘w’ ' 1p Momorlam Notices 84o P" "W11: UB1! . h," 1 05am", guru, em, an per usmc; Letter: of Flu”! ‘ad as“ a: “my; wefldln‘ Engagements 40 words for , n; (or every additional 3 word-l; m“ ‘giactfior: 841i par inch or so per word; Llltl or subscrip- “om 49 can“ per Inch; Address and Presentation $1.00.
Other rum on Ivullflflvll-
men: ‘lb Cent.
Notice: of Thank:
Fertilizer
ALBATIIOS GRANULAR FER.- tlltzer. The best in a better form. Have you tried this new free- flowirig fertilizer? Nu dust. \IEEI'I and easy to handle, Apply for prices to your nearest dealer or direct to the manufacturers, International Fertilizers Limited. P O Box 1423. Saint. John, N B.
Florists
SPECIALIZING FLORAL DE signs. Wtdding bouquets. Phcm 269 James Tait. Florist.
______.______________.__ FIDWERS FOR EVERY OUCAB- lon. George Williams, Summer- sides Pioneer, Florist Phone 64
ESTATE MRS. JOHN WILLIAM.» Florist. Phone 429, l8 Upper P:ince.
Female lleln Wanted
WANTED ASSISTANT BOOK- keeper, female, experienced pre- ferred bui not essential. Apply iu own lianrlwritirig, giving particu- lars, to Fcnnell and Chandler. Ltd.
WANTED - A Mrs. Walter Street.
POSITION OPEN FOR EXPER- lenced lady clerk for country store. Write or apply R. L. Dick- ieson, New Glasgow.
For Rent
___________________________
TO LET- TIVO UNFURNISFIED light housekeeping rooms. 130 King ‘Street.
_i___
TO LET-FURNISHED BED-SIT- tlng room and kllchc-ncllcu Box 474 Guardian.
FOR RENT - ONE FURNISHED
heated room. Centrally located. Phone l103-L.
T0 RENT - FURNISHED FOUR room Apartment. .\'lfld€'l’ll bath room. Write Box 4T0. Guardian.
> FOR RENT-TWO NICE ROOMS. Two adults. Phone 821-1.
MAID. APPLY Lavi lor, 39 Orlebar
For Sale
FOR SALE-THREE CALVES. AP- ply Frank Hamm, Mt. Herbert.
?¢I
FOR SALE OIL BURNING WHITE enamel kitchen rziiigc, almost new. Oil quota guaranteed. Fhone 2638-11.
FOR SALE —- ONE ENTERPRISE Range, ln perfect condition. Used one year only. Apply to Austin Curley, Freetown.
FOR SALE -— ILB. 5 INTERNA- llonal Truck, 1948 model. 8,000 miles, long wheel base, priced right. Write Box 438, Guardian.
FOR SALE - 1941 FORD COACII in perfect condition. Apply 54 Bagafleld Street.
FOR SALE _ DRIVING WAGON and one horse truck wagon. James Shaw, liloiitaguo. ,
FOR SALEAJHOIUE BUILDING Lot-s. $300.00 up. Stewart. Mic- Kay.
DOME HERE FOR DRUGS. PRES- rrlptlons. _ Foley's Drug Store- Sumnierslds.
ELECTRICAL commcrmo Wiring. Good d: McLean, Phones 2300-J, 15:12.15.
ELECTRICAL CONTRACTOR House Wiring. Ernest Ramsay Phone l063-J. I29 Elm AVG-
PALMER d: WILLIAMS CO. LTU Sumirnerside. Plumbing, heating electrical contractors.
ILECTIIICAL corvrrmcron - Electrical appliances. G E1 111N116 Phone 28-2. Souriu.
iiousz wmmo. mamas.
FOR SALE - COAL RANGE, IN good condition. Phone 2000-L. FOR SALE -- SIN‘ PURE BRIG!) Registered Yorkshire Sous, bred to far-row in Mo)" and Jllllt‘, \V
.1. Drily, Iona
FOR SALE-GO ACRES 0F LAND zit North Rivor .\ppl_v Hugh l\I. Walks-r, “zillrr-Fs Slulilis Lllnr- lotlcluivu.
HAND - FRAMED AUTHENTIC‘ Argyle Diuuioiid Socks, all wool. shrink rush-taut. ‘Basic colors-
_v. \\'lIl(‘. brouu, green, $2.1m
pair delivered COLL Also rill ivool
Diamond Sox all slzFs $150
Albert Wells. Box 223 London-
dvriy Station. Nova Sculls.
FOR SALE ENGLISH SETTIII pups, [our months. A real bar-
D. S. LlvlngsrnneJPhone 2453-1. gain at $20. Frank Airoi-n. Ed's 1'0 Cumberland. Tml, Cliailotioiuivn. FOR SALE-NEWLY FRESHEN-
Furniture
. BOUGHT. SOLO- NEW AND USED Furniture. Aylwarrfs l-‘urnztui- Exchange. 202 Richmond Street
ljtlNfiOl-ELUIII. REXOLEUM. BAR- cleum, yard, squares. inland linoleum. tiles. Illlchey 6: Van- lderstuie Montague.
Fllins Developed
FILMS uevcwrso. ramrir-u 35° Der roll. Mail vour fllnu Dilly Service. Box 53. Char lottetown.
__ Fuel Dealers
IhcFAUYEN cost. co. QUALIT-l Fliirls Phone Mil-L. I35 Euswn __________________
Fat . ivtaciiinary
ed cow and Shorlliorn calf J. L. hlacliauhcru. Southport.
FOR SALE- BATTERY RADIO. Apply 4i lllllsbovn. I-‘houc SSS-L.
FOR SALE-G ACRES OF STAND- lng lumber. Prlcrd low for qulcl: sale Richard Mouaglian, Kelly?
Cross. _
FOR SALE-ONE. THREE HUND- red egg, oil burner lucubriltu". also one Jamesway olI burner broods:
stove, nlmos. new Aldeu Carr _.-__i______ FOR SALE —- LATIIS 82" - 48"
Edward Goff. Cardigan.
FOR SALE — I ENGINE DRIVE Washer. Pump Jacks. quautu; Pine Lumber, 1 Tractor 1. r» Dealer. J W.. D. Campbell. Al berton. Phone 3? —4.
llcvomuicii - ussnmo nut. ' “luhlnefll- Tracwr TQDBIH | fiaclnod a Gzeen. Montague
FOR ssu: _
NO- 2i! and Pony Tractors. Ideal merchandise. Rupert R. Gan-ell Pmprletor, 50mg, '
FOR SALE-NEW moan an "l Tractors.
Asphalt
Dmxweu Shingles $5.00 [Qljur-
I114 insult“. NONI].
iinsslir urinal.» ‘
No 20 and pom ‘
FOR NILE - 45 GALLON STEEL drums. open lop with rover Sult- llblfl -for garbage. incinerators etc, Horne Motors. Charlottetown
‘EGISTEIIED IRISH SETTIZR
Dupi for sale. From tnlv/Flfll psi-ants, with Plenty of flel" lrtlil champions behind them. Full tn- formltion by phoning 85-5‘ ermi- i"; 75g d,“ nr wrttlusz 10.8. [Rgyngn J|-,, 39>‘. Beaver fit.
‘ll
FOR BALE — AIJUIIA ITUDENT desires to sell convenient bung- alow, four rooms and bath- in student at or entering Acadia University. Apply Post Office Box 311, Wolfvllle. N. S.
Geeral Stores
PAINTS, ALL COLORS. ANTI quantity. At the K. and R. Store, 109th Richmond Street.
uoovcn cmwzns 011F151? MacKenzle a Co., General ‘Mer- chandise. Kenslngton.
AUTHORIZED AGENTS Fawcett Ranges. Heaters. Col- neld Washing Machines, sim- muns. Mocrls. Bernard d: Co. Tlgnlsh
FOB
Insurance FIRE, AUTOMOBILE INSUR- ance. H. L. Sear, Phone 320
8B Great Gtflil.
Meat Markets
CHOICE MEATS AND VEGE- tubles. Jinm-ueh Meat Market Phone 140. Summerslde.
MEAT AND FISH MARKET - Aridrews Grocery Phone 2696. 3| Elm Ave.
Monuments VERE BECK a SON LTD» MON- tague-Charlottetowu. Largesi
stock east. oi Montreal.
Personal
__-_--___-__
FOR NEURALGIA. LUMIIAGO Rheumatic Pains, Chest Colds apply Heal Penetrating Glory Oil. At your Drugglst.
Painters and Decorators
J. S. LECIAIIL s. SONS. PAINT- ers, Decorators and Paper Hang- ers. Phone 25990. City.
EMERY BLACKETT, PAPER- hauger and decorater. Phone 2IU7-J.
Plumbing And lleatlaig
PLUMBING, HEATING CON- t-racwr. J, M. MacDonald, Phom 17564.. st. Avanra.
..i_.__i___________ W. CASFORD is SON, PLUMB-
ing, Heating. Phone 1145, 165 Queen. PLUMBLNG, H E A T I N G, 0D-
burner sales. Gordon Phone i0. Souris.
Radios
cirvsnu. RADIOS contents-Fm. $3.85. Bowlan Radio. 81 Grafton Street. Charlolteluivii.
PHILIPS RADIOS. BATTERIES Expert Repairs, Tubes. Duvarv Radio Service, Montague.
Snorting hoods
SPORTING GOODS. ACCESSOR- ies. Hockey Equipment. Repairs Bill's Bike shop, Summerslde.
Saw Mills
UUSTUM sAwlNG. WHOLESALE and Retail. Machenzles Mills Phone 65-153, Montague.
Salesman Wanted
WANTED _ RELIABLE MAN AS Dealcr iii Charlottetown and Kings UOUIII)’, Experience not necessary. .~\ llllr.‘ opportunity to sleuiiito old profitable DLISIIIQoS where Ravvlelgh Products have been sold for years. Big profits. Products furnished on credit Write Rziwlelgh Dept. lVlL-B-470- 163, Montreal. Qur.
SALESMAN WITH CAR TO COV- cr Island and part of New Bruns- wick fur large established house in hotel, restaurant and institu- tional flcld, and also retail china. sllverivnre and hardware field. Selling (‘XDEFIEIICP desirable. Per- tuauent. commission basis with guaranteed expenses and drawing account until established. Write giving full particulars first letter Box i057, Salui. John. N. B.
Typewriters
PORTABLE - TYPEWRITERS — See the New Remington. Two tone grey finish. Big machine performimce. Cash or term: Rciulnztnn Rand Ltd- 134 Rich mom-l Strm-t lhonr ‘e771.
Farrell
‘lire Service
VULUANI “tin. u o 0 n v v: A n tlrsis, used tires Whltlock Tir-
Service. Phone 909. I38 Ken? 5f
Transom Service
out the Ma-itimes Hart-v Wauflll Phone 606-3. Summersldu.
DULY FREIGHT. ' KEITH MAI‘. ghmon Trgngpoft. Phones Chur- lottethwn 1830. Halifax‘ 4-0601-
lluliolsterln:
LIVINGSTON AND O'BRIEN — Unholsterlng. slip covers Wu’: zuarrmteed. Phone 2453-1. l3 Cumberland.
Winner» - rwo nunmmsn- H; mom; r-r srimll Anarimcnv Adults Write Box 473. Guard- lari
Work Wanted
RTSRTTvvANnw nv RELIABLE vcuu: man h-ivlnv completed Secowi YMr P. W, C Write Ho“ 47'). Guardian.
— “M!”
Hurst» _ s on 4 near-so rnonls bv quiet respectable fa-‘n il_v.. Phone 1575-31. :
'WANTED -- EXPERIENCED GIRI clerk for Irrorery store. Apply
Summer-side.
Box 471. cure Guardian.
\
Decline Continues In~ Stock Market Prices
NEW YORK. Feb. 13- (AP)- Lsst week was one of declining prices on the stock exchange.
Average prices at the end of the week were the lowest since last March.
At that time the market for stocks had been badly upset by the break in commodity prices. Arid this week another bad spill in the Chicago grain pits and in other commodities was a factor in the decline in stocks.
The market got off to s. bad start Monday and never was able to change its direction for long at a time except for a modest comeback Tuesday when the averages scored the only gain of the week-a plus mark of .2 of a point.
Selling was never urgent last week as attested by the relatively light weekly turnover of 5,033,330 shares for the five full days the market was open. tlt was closed Saturday for the Lincoln birthday). There ivas a little better than 4,- 685,740 in the previous week, but still small as volume goes.
Several good stocks inched ahead. one or two onconsiderable volume. Interest ln gold generally. and in particular a return to a free gold market. has steadily widened since the end of the war.
Al: Ibrontn
TORONTO. Feb. 13—(CP)—Pric- es wandered in quiet trading in Saturday's short session on the Toronto Stock Exchange. Stocks drifted irregularly on a slightly easier level.
Golds managed to gain some ground on advance by a handful of junior producers. Base metals were down. Western oils weakened.
Holllnger, Tech-Hughes and Wright-Hargreaves slipped lower in senior golds while Dome added 1-4. East Malartlc, Kirkland Lake. Pickle Crow, Mncassa and Sylvan- ite showed penny advances in the juniors. '
Consolidated Smelter: continued downwards in a weaker base met- als llst. losing $1 at $105. Noranda. selling vex-dividend. $1, slipped 3-4 and Waite Amulet attracted some attention towards the close. The stock, ex-dlvldend 40 cents, added
Protlucc
MONTREAL, Feb. 13 — (GP)- Produce prices quoted here Satur- day were reported by the Domin- ion Department of Agriculture as follows:
Eggs: Free cases, A large 44- 44 1-2; med 41-42; A pullels 38— 39: B 38-39: C 32-34.
Butter: Current receipts Quebec no 1 pasteurized 67 3-4: no 2 66 $4: wholesale Quebec no 1 pas- teurlzed fresh and storage 68 1-2. First grade creamory print job price '70 1-2. solids 69.
Cheeso: Current receipts western white 32 1-4; western colored S2 1-2 (fob): ivholesale western white 32 tnominall: western colored 33 (nominal). N0 other prices estab- lislied.
Potatoes: Que no l 75 lbs new 1.40: NB no l 75 lbs 1.45-1.55: PEI no 1 75 lbs 1.55-4.65; No 1 100 lbs 2.25.
Grain
WINNIFEG, Feb. 13 -— (CP)~— Coarse grain prices held around previous closing levels ln a dull trading session on the Winnipeg Grain Exchange Saturday.
‘The United Kingdom was allocat- ed 550.000 bushels of wheat under Anglo-Canadian export business.
Class two wheat remained un- changed.
Cash prices:
Oats: No 2 CW 75 3-8: ex 3 CW ‘l1 7-8: 3 CW and ex 1 feed 70 7-8: I feed 70 3-8; 2 feed 68 3-3; 3 feed 64 7-8: track 70 38.
Barley: 14 and 2 C\V G-row 1.17 t-s; 1 and 2 cw Q-YOW 1.10 1.5; s CW (‘y-vow 1.13 1-8; I feed 1.08 1-8; 2 feed 1.07 1-8: 3 feed 1.02 1-8: 2 cw ycllolv 1.10 t-s; a cw _.-@||,,,,, 1.01 l-S: track 1.04 l-R
WANTED — 85 MM, MINIATURE Dfefeffl-bley German make. flood lights, or any other Miniature Apparatus. State lowest price. Write 468. Guardian.
IVANTED - APARTMENT BY 1st of March by quiet. couple Apply Box 446, Guardian.
w A N r r." u - ALE norrurs Highest P116265" ran-id. Fast pick- up service. Phone 154.2. Evenings 1117i. Michael Bron.
Welding WELDING» MACHINE WORK Morrison and Waller, Sydney
Street. rear Capitol Garage.
ELECTRIC. ACETYLENE WELD- 1111. Proud and Moi-aside Phone 813. 223 Great George.
— Poultry Wanted
We require quantities of dressed fowl weekly. Will pay on average basis or on graded prices. Our prices are high.
The Royal Packing 80., ltd.
l. D. Jenkins lPres.)
3-8 at 13 3-8. Al: Montreal
MONTREAL. Feb. 13-(CP)—Se- lected issues continued to edge into lower ground during slow dealing on the Montreal Stock Exchange and Curb Market. Saturday.
Papers. metals, olls and steels posted further dfecllnes. Utilities and mines were slightly improved. Price adjustments, however“. were confined to minor fractions. Zeller‘: Common was an exception, of! three points at a new low of 39.
Industrial trading was at a new standstill during the two-hour session. Turnover was set at ap- proximately 10,700 shares, compar- ed with 20,300 the previous Satur- day.
Mining sales were slightly higher totalling 80.100 shares against the previous Saturday's total o! 54,600.
0f 120 issues traded on the two markets, 25 were higher, 40 were lower and 55 remained unchanged. Four new 1949 highs and 18 new lows were established.
Closing averages showed utilities had gained .2 and golds .04 while banks slipped .03 and .6. Industrial: were off .1 at. a new low of 122.6.
The New Royalite issue closed at a new high of $6.60.
‘ Mining
(Canadian Prenl TORONTO, Feb. 13-
Sales Stock Close 1000 Anacon . 44 5100 Aurnaque . . 33 ‘I000 Bagamac 26
25 Bk Mont 4400 Base Met . 500 Buff Cdn 1125 Cal Edm . 400 Buff Ank . 2000 Calmont
50 Bk of Comm 1200 Cent Led .
900 Cent Put . 13S 2000 Centremuqi 09 4000 Cltralam 04
900 Cocheriour .. 3950 Cons Bealtle . 2332 Cons Lebei .... 4000 Con Home
205 Con Smelt 1500 Dhragon
3700 Davies 30 1500 Decalta . 29 1200 Discovery . 23 1-2 2500 Dlv Int 20 i1200 Dulama 2;,‘ 13500 Duvay 12 200 E Mal . 125 2600 E Sulliv . we 1800 Elder , 35 4800 Eldona 62 10000 Do Rts .. __ 01 1.2 2000 Fed Kirk . 0G 1.4 5000 Gillies . l0 4700 Goldora , . OT 1.2 1500 Highrldge . 05 1.2 240 I-Iolllnger 1.2 220 Hud Bay 1.2 150 Int Pete 1.3 170 Int. Nick 3.4
13700 Int Uran . 2500 Kayrand .. .. 2000 Kelore 32500 Kirk Gold 1200 Labrador .. 1300 L Dufault . 4500 Larder .. 3100 Louvicourt 4-00 Macassa 1500 lVIid Cont. 3500 New Bid 400 New Cal 2133 New Jas 12000 New Norz 2000 New Rouyn 26200 Nicholson . 265 Noranda . 2010 Normetal 3500 North Inca 1500 Northland 4000 Ogama . 3000 Okalta . 1500 Orenada 1100 Osisko .... .. I500 Osuiake . . 1800 Pac Pete 13000 Pan West 2000 Pen Rey .. T00 Pickle Cr 2000 Porc Rel TOO Qucmont V200 Reeves 400 Rochettc 23450 Royalile New 2500 Scmnorm 500 Sheep Ck 2100 Shcrritl. . 2000 Siscoe 1000 Steep R0 S00 Sullivan 1100 Sylvanlte 1220 Teck H . 4000 Trans Res 525 Ventures , T913 Waite . .. 23600 Wlltsey _ 5000 Wingzilt . I100 Wright Hgr
CURB 300 Foothills .. . . 2'15 T50 Pend Ore . 55b
Total sales 44,000. A
i WAN TED
BEER BOTTLES - HIDES Iron - METALS Highest Prices. Fast Service Phone Z203 MAURICE‘ BLOCK s co.
SCRAP IRON __ mmts i
f AND BATTERIES For highest prices ‘ mo»: zss
{l Alli stock '
kzuzvs
Shipping News
Al‘ SA_L\I JOHN- Arrived Sunday Linaria, from South Atria; Cerlntlius. United Kingdom Sdiled Saturday Krageholm. for Caribbean ports AT HALIFAX- Arrlver! Sunday Apollo, from West indies Alcoa Partner, West Indies Dufferln Bell. U. S. ports Elysla. New York Salled Sunday Cola Gede. for United Kingdom Imperial Hamilton, Saint John. N. B,
Arrived Saturday Imperial Hamilton.
John's, Nfld.
Salled Saturday Alleghany Victory. for Jedds Steel Director, Boston Bowplate, New Yuri." Newfoundland. St. John's. Nfld
from St.
Empire Life Sets New Sales Record
KINGSTON, February 12; “Corri- Pfllly Pfvaress in 1948 was note- worthy in scvcrul important res- pects" slated C. P. Fell, President, at the Annual Meeting of The Lin- pire Lilo insurance company here. "Realized surplus on insurance ac- oouiit was the largest in the com- pany's history, permitting more liberal provision to be made for par- ticipating policyholders. The favor- able mortality cxpcrisnce of the past your contributed substan-
Gjve you: m: instant, c0550!!!
even under the toughest conditions Clrryco Powerline Batteries. They're full o/‘pep when you get them . . Jrurcly and long-lasting. Avnilable from your Chrysler-Plymourh-Pzrgo
or Dodge-DeSoto dealer.
CHRYSLER CORPORATIO-IN-l
LllVl‘.
,»r tr.
l u w
u/lli A
pcwfl.
0A 5415"} u] lb: Chrysler Corporation o] Q1444, Liniled.
will;
IIIA|I,ID ,'
'WlND‘>UR-;~ uurs'h_ip' t
300D BUSINESS SITE
AVAILABLE 218 - Z20 GT. GEORGE ST.
Would build to suit long term tenant
Phone 92m '
tlally‘ to this result and reflects the sound arid progressive nature of the Company's groxvth."
"Sales 0i new insurance likewise,
in Canada and the British West Indies, established a. new high record of bitsiuess in f0rt-e-$8.'3.- |
145,267 at, Lieccnibei" 3i, 1948 owned by 48.000 policyholders. Insurance lu force has more than doubled U1 the past ten years"
"Results arising from the invest- ment, of the compunvs assets were most szitzsfzictoiwu After a, period of l5 years of (lccliiung rates of III- lerext _- an FXPEFIPIICB common throughout tliv iuclustrv - the average rate ll‘. 1948 increased from 3.835? lu 4'4, TIIIS new trend, wel- come as it. i>. will not of course. re- sult lll any immediate material ln- crease in total eanilngs. its effect, if continued. will be one o! very gradual lnibrovomeni."
“It will be noted." Mr, Fell con- tinued "thnt tho distribution of securities lyv typos has undergone a. siguicaiil shill during the past year. "Fhe change is not unexpect- ed. During or ODDOYIIIIIIILEs were Llntited princi- pally to government bonds at low interest rules. Life insurance cam- panics milxsciubcd generously to this type oi investment lo the exclusion of most others. The result lri most casPs W35 a. portfolio top heavy with low interest bearing govern- ment bonds. This situation necessi- tated the vctupimy taking advan- tage of llll‘ broader investment op- portunities m more recent. years which lflflllflPd municipal and cor- porate securiflcs at, higher yield rates. Iii all iuveslmcnt transac- tions mfmv of principal ivas the predommwtit. consideration.“
"Firs! morlgaccs increased $50-- 000 The perwcutage of assets iii- vested in Prcfcrrrrl and Common Stocks is lower than for several past years and real estate owned, olher than the Henri Offlcc prehi- 159-5. was rrrlticecl lo uezllglble pru- portions None oi tho itcnivfllifWF mortgages or hrltirls ls m default."
A dividend of 4'7, was declared on the capital storl; p-avable 1st March to shareholders o! record lsl, Feb-J
i'u'ir_v. 1949 ‘ Mr. H. ll Blnkrinrlu. l" A S w F. A. l‘. A, thiicml l\l'lll'lE(‘l'. au-
nouilcs-rl the aprmnliuout of Mr W < J. Logic, R A. iFLvonJ. ‘F F .-\ . as- Aciuary of the CcmPRYiY- i
THERE OUGHTA BE A LAW!
years imestrnent |
IPROFESSIDNAL CARDS/
Tel. I636
8A.. 5.56»
CHARTERED ACUODNTANT
Currie Bulldhg
urn. w. HIGGINS
DEABLOTTETOIVD
l v.0. Box cs: 1 |
William A. Reddin
LLB.
BARRISTER. SOLIUITOR, EH3. .0.0.F. Bldg-Next w Rodd!" Bron. PHONE 2484
MORRELL
AND
COMPANY cnsnncrusn Accouivrriivu r l Eastern Trust Building V
Charlottetown Phone 1447
B0: 844
i
Dr. A. L. Maclsaac |
DENTIST I Dental X-Ruy
Whemn Building. Room I I75 Grafton Street
Money In Loan - Collections Phone 291 Taxation l J. E. Burnett, '.L.B. Df- J- 3- Gflllflflf. Barrister, Solicitor. u. B- SQ DENTIST
Bu: 414
ODDFELLOWS BUILDING
l tar Richmond sum
Charlottetown, P.E.l. Tel. £880
Plckard Building I5! Great George St DENTAL X-RAI‘
| Phone ‘Z667
____.~——'--¢~"—' H. R. DOANE and COMPANY
CHARTERED ACCOUNTANTS
OFFICES-
Halifax Cliarlotlnto m: Toronto
New Glasgow Truro
Keuh Illa
‘ m CHARLUITIZTUWN
B3 Grafton F’.
Phone 2080 Boa 24'! RANDOLPH V IILANNING. 1 b. A. l
By Fuguly and Shorten
( wovi’ Loot’ AT THAT NEW PEEKL
E8
1 HAD s NICE 505cm NEW cAlz mm? AD 0F THIS OLD WEELBARWJW.
\ /4 d, ‘ J c-o! ru. scr HE'S HITTING 9o! who?’ = iris}. F10 / r
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