Ii. :4 i

1

EXCPLANGE

‘minions nk c. ill-l 2c Q (‘r-ierv launch ‘W380i llmws-l We!’ lrl-"iﬂl S1011‘ IIIUILQ 111-17-1- ' inn-i.- quill-H 1- \'l~=vl ill " - Ilwsl Pork - - 1mm .. .. . Parrots 4 lb . 1hr Onions . . . . . .. be |'vyy"v|‘l w ‘l lh llk‘ Aunwa m.» .. 20.1w»! nu.- m-r . m-i 1'. m» 80:1"

I Ind foreign exchange in relation ' to i113 Canadian dollar as compiled

siruillys

ilitiiilllllllii iliialipiiiiiiii

’_____

PRO DIJGI

Ill-TA I L IA RR ET

'i'\' ‘ limlun, lmm-h |‘.1:vl Iinlztll‘

IWHIHH‘ ll -:|l .

1 l-lnw-s ll»

1r'-\.1.=~-|» 1n .. . . . . 1m.

P 1. ‘l uwki olll. vm'r .. $!I- 0.00

Pigs a u» u uovks "m. Dill! tum-sumo FIHII ‘*

(Iurnsuir

biCansdisrr Press) MONTlREAL, May 25—-Brltish

B‘; i712 Royal. Bank of Canada iloi-d icday as follows:- Azaentina peso 061B.

rlluitrullﬂ pound 8.0459.

Austria schilling .1004.

Belgium beiga .1700.

Brazil niiircls .0540

china Hcng Kong dollars

Denmark krone .2200.

Finland finmark .0221

France franc .0650.

Germany rcicirsmarlr .0658.

Greai, Britain pound 4.9300

Holland flozln .6752.

Hungary pengo 2913.

India rupee .3753-

Japan yen .——-—.

Ncw Zcalond pound 3.9854

Norway krone .2484.

Poland aloti .1091.

scum Africa pound 4.9140.

Sweden krone .2549. -

Switzefand franc .8229. _

United States dollar 3-32 per rut discount» -

(Canadian Pres)

Closing exchange rates:-

At Montreal-Pound 4 04 1-4: U. S. dollar 99 7-8: franc 0 59.

At New York-Pound 4.96: Can- adian dollar 1.00 1-8: franc 0.50 1-2.

At Paris-Closed.

In gold-Pound 11s 11d: Canad-

I. B086.

ian dollar 60-00; U. s dollar 58 59. r I ‘. I r 0 fr?" ii‘

"i" close. The firmness m

uonmuoiuuxs-r arr-rm

Jhdustrlais, however, and the rails.

lost some of their goins by the the iteels was probably tho most favorable aspect of the day. Whent sold off sharply. This probably was not purely the result of the setback in inflation sentimeng given by the sustaining of the ‘non-dent's veto of the Bonus Bill by the Senate. The questionable immediate strength of the market we men- tioned yesterday was not changed

iby yesterday's action, though we

sec no reason yet why": near

', term reaction should extend very ‘ for.

Lsidiaw ‘and company. sumsmnv

NEW YORK, N. Y» tiny 25- London gold bars quoted 141s vs

l 141s 6d Iiiridoy. London bar silver

3383-“ of! S-Bd forward 34d off 3- .

Electric Power and Light and subs yeor ended March 31 net loss $234119 oftq charges vs not loss $1,501,964 in us 12 months. Senate passes ‘Naval Appropria- tion Bill by vote of 55 to 18 and sent measure to w-ufercpce. Measure carried $10,000,000 more than (he House Bill- for construc- tion of new ships."

President Roosevelt wants the Bankhesd Cotton Control Act ex- tended at least long enough to let planters vote on it again. hvors principle of the Wagner labor Disputes Bill. Trunks the Social Security Bill is the major act of this Congress. but ho will veto it if it comes to him with anything extraneous in it, such as the Clark Bonus Amendment.

Board of Estimate defeats Mayor LaGuArdio. resolution for author- ity to ask Ilbdcrll Government for $45,000,000 loan to finance muni- cipal power plant. Later reconsid ered vote and decided to hold pub-

‘2: hearing on measure on June

5.

President Roosevelt approvesdn- (grease m outright federal grants for public works to 40 per cant from 80 per oem and o reduction in interest rates on public works loans frem4 percent to aiper cen .

Low Lost on ' s4

lligh so ms .. uvfu ma: 110.21

"”‘"=""1<*"o‘z7o 114 11W"

MARKET Gossip

out m _ Dow Jones. canon savs

MQNPREAL, Que" May is-rrho market continued its progress of active ohm-hing 1a.; high mo, without recording any ugnuwmg heodwny. While yesterday's m“.

lnat action did not suggest that the ‘“'

market had turned definitely weak lit did indicate that pparent. ox- i haustiou of strength in important g industrials is likely to be followed l by a break out on the downside of the current trading line establish- ed during the post few weeks. Rolls. utilities alcohols and steels were advanced in order during the course of the day, but all foiled to generate any brood. enthusiasm. Any general correction which may develop ‘in the Industrials is not likely to be accompanied by mat- erial wcakncs in rails. Suggest that recent purchases in this div- lolon be retained and additional purchases be mode during sinking spells. On weakness buy Atchison, Great Northern pfd and Southern Pacific. ' Bdnon.

BAKING LETTER Frldoy Evening

NEW YORK. N. Y., May 24- rhe Industrial averages which were high yesterda, at 117.51 only went to 117-41 today and closed 5-8 of a full point lower than yesterday. You had another chance to take some profits on Union Carbon. Westinghouse, Col. Carbon, Amn. Con, DuPont, Std. Oil of New Jer- sey, etc. As stated in my last 3 letters I expect the general indus- trial list to react about 5 points on the average, when purchases will again be ommended. I expect this l action to be completed very shortly, possibly within a week or 10 days, at which time I will point out the stocks that should prove best during the next phase of the advance. General Electric declared only regular dividend and the source who told me it would raise it fom 15 to 20 cents evidently was wrong. However, you still have a profit of about '1 points and I do not expect ‘it to react more than 8 points from its top. Below 24 purchases can again be started. Col. Carbon-‘dont buy

back yet. Fairbanks Morse. ‘This stock has had its reaction and can be

“t anywhere nea 90. Phillip Morris-should stay long. Bim- moru. 1f it reacts to 8 buy some, Gen. ‘Motors might react in about 20. Iateritwlllgotoﬂ- Amlbr Power-‘Ipercentpfdond Oper cent pfd and 0 per centpfd will not‘ likely react very’ much and should be held. As soon as the ex-

Mt '1. S to ck Exchange

BCPowA... 25 rss '1‘ l. Pow . 0 C Pow B . '1 Brock silk 10 Build Prowl 30 Can Col (‘om 24 Cun (‘oi lnfal 1W _ Can (‘our nun . . 6% Csn (‘s-m pill . 55 Con Strum (‘om 2 Cuu I'm‘. 11 Cock Plow 1 Con: Smelt . . . . .. 181 Dom Nicol (‘oni B 4 Dom Tex (‘om .. 74 How i~‘|nlll\'l'xr| 10 Iloll "Gill liinc l Intl NIPKPI 23 McCall F-lrllt - l4‘ Mont Pow .. 28 Natl Brew 34 Nat Sir-r] (‘ar 18% uebcc Pow 14% t Law (orp 110 hhsvrlrrgun 10% Sherwin \\ il ... l8 Mouth ("nu Pow 10 Stool (‘o (‘on (fum . 471A Win l-llcc . . .. . 110 110

BANK!

Ill!!! 1M! LII‘ U! , ‘ * reaction is near completion, . definite ylng recommendations N Rhil! 32.23 81.31 $1.67 .47 will b0 made. 20 Utll . 19.58 19.16 19.38 .09 Boring. M a rk ets A t A

,l6Ilil1¢ out on the part of holders 5°“ of May contracts tumbled grain

Glance

(Canadian Press)

Toronto and Montreal-Indus- trial stocks mainly firm.

Toronto Mines-drawer.

New York-Stocks s1.ght1y lower.

New York-Cotton. rubber, sugar and coffee higher.

GRAIN

N-Pelﬂstent

OHIDABO, my

prices down-word afresh yesterday.

May corn foil to ,7 cents below high points reached earlier in the week. Many stop loss orders were forood into execution by the gen- eral drop of grains. -

Wheat closed unstable. 11-8 to 1 1-4 under yesterday's finish, July 0'1 3-8 to 1-1, corn down, July 18 li-ll to 8-4,-oots un- changed to a decline of I cents, And provisions unchanged to 5 cents higher.

M. l Y. Stock, p eExcﬁclnge

[looks Opened In! (Quotations furnished by Johnston and Word member! of Ila Int real Stock‘ lrohonli- he: Curb Mlrkot. Ill liohnvmd Street Charlottetown). . .

Red ... n} u. ... 130

Allied Chem . 140 140 g A is Ch 10 19%

A11, Be! 2'! 2'1 Amer Can . 120 120% Am Co: Found 14 14' '

Am For Pow 3% ii 13 13%

' ll - . . . . .. 14 g 45%

120 fit 41 10% 2% 10'... Barn A .. lllé ,Beu Aviation 141/4, llcih Steel .. 27% Briggs . . . . .. 20% Byers A l1 ... 16 Bun- Add Mach .. 10 1 Con on .. 2214 Cau Dry Gin 101g Cun Pnu U}: (‘use Thrash m Cel Corp 23% Com Sou 1% Cong Nnlrn 95% Ches Ohio 431,1; Chic Nurih i114 Chrysler liut 4004. Columb curl: 80V; Col Fuel lrun . . it Colum Gus Elec . (l 6% 20- 20 ‘ 22 0 94 7'! 72% 20% 101%

101cc A1110 Lin‘ iilloc Pow Light .

Erie . First Null Sin

Freeport Tex 27%, Gen Asphalt . 18% Gen Eiec 25% 25% Gen Foods . . 34% Gen Moi .. 81%, 31% Gold Dull . 15% 10% Goodrich iiub 8% 81/4 Goodyear ilub . 1i] 101,5 Grahum (‘Mgr- 1 1% lircni. West Su: 31

11ml lint . 7% 7% llupp Mo! .

lull Ilnr .. 12% lntl Nickel . 25% lntl Tcl .. 14% .I’uhns .\la .. 411% Knn City South 6% Kelvlnntor . 11% Ken (Topper 20% Lumber-i. C0 20% Llg Myers ‘B 109V; Liquid Cu 305$ Loowl lncorp . 41

Loose Wiles Bis McK-acspurt ’l.‘iu ..

Mack Trurk . , . . . .. 21% Math Alukull 30 Miss Kan 314 Miss Poe

Mont Word 20*}; Nash Mot gt‘

Nlll Pow Light. .-

New Haven ... 4 New York Ceb . 141 North Amer 13 North Pno . 1']

‘ Pack rm .. 4 Penn Itoll .. 11% Pub Ser N J 30 Phil Pet . ...... 2 ﬁ Pullman Co . . . . .. . . 39M 3111A Radio Coop . 5% 6% Radio Keith Orph 1% 1M ltep Iron ﬂier-l . 13% 15% Safeway Stores ... 110M 30% Sear: éIflltllllfgn .. 18g“ Shel non . i:

. 8 s‘ 1:102 . .1 . 10% 10% 1414a "Va. Ml R8 48% 0% 2 5% . g5“

Tim Roll Blun- u’) Union yllflllilC Cnr 59% Union ac .. .

' 12% 12% 2% 2% 12% 124' . m2 1.114, 1314. 714% 34%

Vnn Steel . 13% 13$ Warner Bras Co 3M 3-1 Wnrren llrns .. 5 5 “lest Union 2914

est Elm‘ .. 48% Woolworth ('0 5H7; Yellow Truck 27.. C ' 11178126138 (Comedian ) MONTREAL, May 26—Ou.rren-

, cies closed the week’ firm on Mont- real foreign enchanges. The pound sterling advanced 1 1-2 cents at 04.98 11-16, the French franc held unchanged at e ad, and the o. s;

A Miscellaneous

/

M10.

New Bermuda's 00's

:1: so; a w 4o.

. I. this ﬂ l-l. P I I. 4|.

1 79 t0 IN.

eschews Hlﬂhr. Gnu Ditdll him un- m Us: dots Us M; on mils no v4: Innoo no bl: Ill l-l: 11.011

..\_

8 . xﬁx§x§x§x§

~ ion-a. .- -

dollar was unchanged at 3-82 per cont discount.

NEW YORK, May 29-Au- nouncement of the new French discount rate Saturday was follow- ed by o rally in the franc in the foreign exchlnge markets, end the currency, closing at 0-50 cents. wssoblotoshows notgoincf .00 1-4 of h cent. .

Sterling suffered o. technical ootbook after Jrridoyb advance of more than four cents. The cloeinl rote was 04.94 1-4, off 2 1-4 cents "from tho previous dsy. The Con- ldlln dollar was quoted at 1-9 per cont pmmium lglinlt 8-10 Iriday.

NEW YORK. May 2o-—Tuo Ance-

latod Press ‘wholesale price index a granule commodities today declined

The previous day it who 1210,

week ago 72b1, n moth o . - sad s yean ago 00.49. n u 78 u’ Bongo of recent yours: 10M bl h 16 48. low 09 T0 1004 h 7205,1010 ms I088 h h 04.10.1017 88 S. l“. 1 "More earm- 10o).

' this store

kreprcsentcd.

lt/Ionday May 2711i to evening. of

?Wed. May 29o.‘

u... uncut will bring u» you the opportunity of viewing, right in your own City," the newest and smartest in ﬁne furs, as interpreted by skilled Holt, Renfrcw designers. Every new ldealn fur fashions is

' Slledal Arrangement 1101.1; naur-"mzw runs p Wiliﬂbe on exhibit at

,We extend a vmost cordial invitation to every woman in Prince Edward Island to visit our store during this exhibit.

This special showing will be

under the supervision of a

skilled, Holt, Renfrew fur - expert.

\

J/ I _4

Q t’ m

I

BRING YOUR run rnounmss T0 THE HOLT, nnnrnnw FUR MAN.

o M T’L CURB I G ‘Johnston and Ward) kit!“ L l: HOBBS“ Stocks Opener] Lost Mo“! East RI) l! um . . . . .. 10o hfcKenm Benuhnrnois 35g lifclilllnn Brew Corp Pom . 4 McVlttle Brit Amer uil my, Champ Oil Pfd 7r,‘ id .. Con Pap .. 10o Min Cor Dom Stores . g liloff Hui Fond of l-‘an A 27 Moneta ii Green Sinlrcil 22 Morris ‘l7 Home 0E1 o5 Nlpisalng 2m imp Oil .. 21% Noruudn . 41110 In“: illoi» .. 13% glgn Oil .. 419', u u .. . u man or " Melchcrs A 9% Pecy Cnh .. gorgniliir .11.. 41915 gick 10m . cc n ' cs .. q reru or Walker ills-ll .. 1M4 Pros Air . Walks;- urn-ll ||l'\l . 11% Read Anth ‘zullkﬁr grow .. 375 god Lrakcd rg l. 1 ___ r cno loi -—:-_--€ b0 Royniite Nun Ant Narnia . . . . .. Sheep Cr Sherriit Slscoe Siudn ronowrbc“§'r"m5'<.l'"") S5131.“ " r .uy‘.' n l... .. ' Sud Basin .. Swain Clone Sullivan .. Syirunitu 1x321)“ 1PM Tushoiﬁ .. - .. coo -' 'l‘ . . Ale! ... . . . . .. . . .. 1,1,5 r2111". Alp h‘ .. , Al, wwnv-‘s ' v» ‘.1 n in .1011 \\':\\*sl<l\- \\ 1| lo l 1..

Silver 01>‘ 2:: A: Total sales 201.000 UNLIHTED

Sud hfinc-l . ..

TORONTO, May zit-The To - onto mini market concluded thel week with a soft tone. all groups turning in a preponderance of losses over gains though r

i"

HZlI-lﬂ

_x-3fR-X§XZNZM€3§H§>Z§Z¢§N-

"WESTERN cum EXitililSlMl

‘(Mu doles-Menuhin» inclusive. lnhm limit-lo s11 destinations thirty days in addition ' Collie '

(filo.

Inn-one cont pr mils: and one-hall cents 3m- milo; sad one and coo-quarter according to the ssounmodstlcn required.

almltnhx_a_u—x_xnan

cunts per nillo

04 (Boot George street

were not heavy in any department. 001d stocks displayed resistance to i the decline, aided by an improved ; price for bur gold in London and a1 strong sterling rate. Volume was undsr000-000 shares, the smallest turnover in several weeks. i

Despite the strong quotation 1. ruling for export copper, Noranda slipped back with - the general trend, closing 40 cents lcwer at l 41

it

E__:-:a§:-:s-=_

80.

Faiconbridge, Sudbury Basin and Waite-Amulet recorded losses of li , to ll ants each, and Sherritt cios- .

klc§x§oz

ilunn for the price payable In nlllnnie.

FOR SALE -- AUCTION FORTY-

rcarvrw

FOR SALE —- QUANTITY BUCK-

I-‘OR SALE. —

l0 cart box. disc. barrow.

Advertising Rates-Payable in Advance

Central Guardian locals, 4c per word; Western and Eastern loenls u nor wnnl- Announcements 5nd Coming Itvontq u, '4} ygyd; gluﬂﬂ,‘

to per word: 1n Memnrlun Notices,

W» err llwh: Lin: oi‘ Flor-pl and

rlpirliual Offerings, Corals, elo , 4n pay name; [Afters of Condolence 10o.

per inch: Nnilren of Thanks Illd Appreciation. 70o. pop l

word Other rate: on application.

nah or do. It

lllﬂlﬂwm Churn for any ndvanlnmont twenty-live cones.

llATlliz-ms per word, three Inner

of two, strictly

~ FornSale __

Five, Bridge and Whist Score Cards. Guardian Central Job Printery. Nov. l-tf

Paper suitable for placing Iznder rugs, c c. Guardian Oflicc.

ndns.

wheat. D. A. McKenzie, Du ' Tell-IL

L_-\

STRAWBERRY PLANTS, 15c PER.

huncircd. $1.00 by mail; $4.50 per thousrnd. F. S. Rccvcs, South- port. L-73l0-5-20-6i __ --- >11 so ACRES us: ‘I with buildings, ﬁve miles from‘.

city. Apply Guardian. ‘ L-7455-5-25-3i.

cow FOR SKILL-LARGE, vouscgl in good condition. Just ircshcned» R. A. McPhail, New Haven. i 11-7448-5-25-31. l l

__ -* P-EAUTIFUL P I A N O C A S E Organ-scam with 5 years Guam

antes. Toombs Music Store. 11-1457-5-25-31.

R SALE OR EXCllANGB-NEW driving wagon, one Fall pig, one fat heif- er, one stuck hay. E. Ryan, Lot. 40.

L-7491-5-21-1i.

STRAWBERRY PLANTS, STRONG Senator Dunlap. New bed. Moss packed. Prepaid 150 $1.00, 500 $2.50, 1000 $4.50. Wilfred Wnttermrth, Montague. L-‘IMQ-li-Tl-ﬂ.

losing 10 cents, Bear castle and Premier 2 to 3 cents each and Nip- issing held steady at 2.00.

Aside from some aciicn in Took Hughes at a. gain of 4 cents to 4.20, senior golds were almost dormant with prices showing no adlust- rnen\ of lmborlonce. A little trod-

od only a cent lower 05. Silver. , ing in the oils was mainly ot un- werc depressed 11y r drop in the i wcobonod bu- clivc- quotation. Illdorsdo

changed prices. Royllltc b oento to 20H.

1

ZAQﬁIIi-IJ

Miscellaneous

WANT T0 HEAR. FROM PRIVATE owner with car to hire for sum- mer. Write A.B.C., Dundas Cen-

_ tre, PEI.

SAVE AND BE SAFE. THIS If

best accomplished by buying .ong term endowments in Sun Lite. Wt have a policy to suit your .~very need. Building, Charlottetown.

See J. A. Moore, Currie 11-1540.

Must be sold this week. house.-

hold furniture. beds. dressers bed couch, chest of drawers bridge lamps, white ename kitchen table, chairs, ice box kitchcn range, buse burner radio. etc. All good as new. Alsi show cases, paper cutter, etc All stock at less than cost. l-Iousu and store to let. Deianeys, 53 Elm Ave, L-‘idiii

Work Wanted ﬂ

EXPERIENCED COUNTRY G181 wants housework. Apply Guard ion. L-1414-5-23-3:

To Let

FOB. RENT—FU“NISHED 1101151,

for summer months. Phone 469-. L-7370-5-21-3

Boarders Wanted muons ACCOMMODATED, 2i 0mm st. L-wm-s-as-z

léhllale Help Wanted

MAN FOR. FARM WORK. ART! ur Wood, Aiexhndro. 1-41486-5-21-1

‘ ____ Inst“ ‘ LOST — IIKALI VII

IL m. Finder notif; William O .North Wlltlhim.