OCTOBER__ 2o. , 19g

Box vooa new

F. i.

142 Richmond Street - C

L-Lov‘ ‘P

E. M. BAGNALL — Ma

CANADA SAVENGS BONDS BRENNAN o»

OO. LTD.

' ' of Canada

GP

l“! lottetown — Telephone 1410

Saint John, Moncton, Fredericton, l-lslllax, Sydney

Stock Market Prices I Continue Oct. Advance

NEW YORK, Oct. 19—(AP)—Thc Itock market rolled ahead still fur- ther today in its October advance.

The advance was madc- in til; and starts, with the heaviest buy- ing concentrated in the first and last hours oi trading. A fair num- ber of stocks ended with small losses. Gains ranged to a point or more, with a handful of issues _at new highs for the year.

Volume tended to expand as ihu price line curved upward and tu decline "A-Luit pric-"s siipptti. Turn- over for the day of 1.030.000 sharcs was exactly even with Monday's business.

ln the last few minutes of’ trad tng. the steel group took the play after announcement that Republic Steel had voted a stock dividend in addition to the usual regular and common payments.

The Associated Press average oi 60 stocks moved up .3 ol one point to 69.5. the highest since early September and not too tar from the high for ‘the year. The indus- trial component did better than others.

At Montreal

MONTREAL. Oct. 19—(CP)-Se- Iscted industriais continued yester- day's uptrend. with gains being mostly fractional. ~ in moderately active trading on the Montreal Stock Exchange and Curb Market today. A few strong spots were noted in the long list. Oils were best traded while a number of act- ive issues were scattered in other groups.

Mines were also improved. but in a quieter list. Trading which was moderate throughout the greater part of the session, closed quiet. Most active issue was base metals with 45,700 shares traded.

Industrial sales were approxi- mately 52.700 shares. an increase of 3.500 shares over yesterday's total. Mines totalled 164.800 shares. compared to 148,700 shares in thc preceding session.

Closing averages indicated banks up .05 at 26.57; utilities off .1 at It; industriais up .7 at 132.4: pap- ers up 1.75 at 353.72 and golds oil .06 at 59.95.

At Tomato

TORONTO. Oct. 19—-(CP)-Basc latals climbed ahead in late trad- ing today to extend their advance llo two successive days and touch tho highest figure on the ex- ahsngds index since Feb. 1046. Volume increased throughout the day and was the best since Sept. 1 as it passed the 1,000.000-mark.

Western oils firmed steadily and golds held steady on mixed gains and losses.

After a slow start when some Iolling out into yesterday's gains. bsso metals moved ahead at n steady pace. Noranda added 1-2

‘Ike's aoshlag so Ill u "Miami's, Is “aha bald"- , ooothhglllli

QIVOS qllltl IOIIOE |

NARUS

[zﬁwm Llulrardll

at 53 and Pend Oreiiie jumped Z5 cents to touch a new high at-S5. Coast Copper was ahead 50 cents at $1.75 and East Sullivan, New Calumet, Recves-lilacDonald and Waite Amulet added 5 to 1O cents. Gull Lead was among the five los- ers as it touched s new low.

Lake Shore. Lamsqua and Tack- Hughes rose in senior golds while Dome and McIntyre dipped. Action was heavy in a few juniors while changes were generally narrow as the list held steady. Nicholson reached a new high.

Gains doubled losses in a firmer western oils group. Calgary and Edmonton added l0 cents at $5.55 und Home Oil. East Leduc and Roxana were better.

The exchanges closing index showed industrial: up .54 at. 18102, golds down .06 at 87.23. base metals up .56 at 104.80, western oils up .20 at 43.78. Volume was 1.248.010 shares. about 487,000 shares 111.1711 than yesterday.

At London

LONDON, Oct. 19— (Reuters)- The oil share market was stim- ulated today by the news of the Royal Dutch-Shell group finance scheme. A large dollar loan is to be issued on the New ~York market.

Trading in other sections was small. Industriais slﬂwed profit- taking in steels but even so these issued managed to record net gains. Tobaccos and textiles met small demand.

British Government stocks were depressed by expectations of s new government loan. Details of this are expected in the near future and it is believed to be for the pur- pose of financing the government electricity program. Large inves- tors in gilt-edged wars holding oft pending the terms of tho issue.

New York Exchange

Anaconda Am Car and F Beth St . N Y Central Cites Ohio Con Edison .. Eiec Auto Lita . Gen Else .. Gen Mot Gen North Pfd . Std Oil NJ Kennecott Mont Ward North Am I Phil Pete U. S. Rubber Radio Corp Texas Corp . Untd Air .. Van Air .. West Elec West Union U S Steel . . .

STRZSEEKZIHI ‘Si?

s-l I M

E33BS3R35F=GRGSSEESZEBGSSS5B6S l4 ~l i: ti»

BANKS '

Commerce Montreal .. Nova Scotia Royal Bank

FROM WRONG ANGLE

MONTREAL —- (C?) — Jules Archambault. Montreal Trsrnways engineer. said the traffic problem in Montreal has never been solved because it has always been viewed from the m0torist's angle. He sazd motorists represent only 18 per cent of the population but ‘cause 75 per cent oi’ the accidents.

JPROFESSIONAL CARDS!

llElL W. llllilillIS

CHARTERED ACCOUNTANT

Currie Building

Charlottetown Tel. i636 P.O. Box 452

_QOOOODVO40-OO O

4. s. suntan, n. s; ‘

Barrister, Solicitor, Sc. ODDFEilOWS BUlLDiNG

I34 Richmond Street Charlottetown, P.E.l. x Box 4H Tel. 2380

OOQQOOQQ-P use»-

Vllllisn A. llotitils B.A.. 8.80.. LLB. IARBISTEIL SOLICITUB. Eto- I.0.0.I. Bldg-Nut to ltoddlo Bros PHONE‘ 2484 Money to Loan ' Tasstlon

Collection»

r§§+O4+>o0o0oooeooo~ o o'er g llr. J. l}. Gallant 8.8:. Dentist Plokard Building 151 Great George St. ‘ DENTAL X-EAY x 9 Phone 2867 ¢ D-O-O-GO-O-O—QOQOOO~»QOOOOOGOOQ

BARRISTER. SULICITUIL . NOTARY Royal Bank ot Canada Chambers Charlottetown. PJJ. Ruoaessor to George J. Tweedy. LC.

MORRELI.

AND

COMPANY

CHARTERED ACCOUNTANTS

Eostorn Trust Building CHARLOTTETOWN Phone i447

Box 344

ll. II. IIIIAIE dud BOIAPAII‘!

CHARTERED AGCOU NTANTS

01111135-

Charlottetown Toronto

New Glasgow Truro ltentvills Iisillas

IN CHARLOTTETOWN 53 Grafton Strut Phone 2080 Box 247 Randolph W. Manning, CA.

Fredafltl ll. Largo ll. ti.

27 16 1-3 2t 1-8 . 34 Bruck Silk l7 14 Bell Tel . _____ 43 7.5

Can Brew . g1 Bathurst 31 14 Can Cemen 31 3.3 Can Pacific . . 16 1-2 Celanese . _ g7 Can Car Found . 14 Can Car Pfcl _ 13 Can Steam __ 13 1.3 Can Paper 20 Cockshutt . __ 13 5.5 Can Vickers . 53 1.3 Dom Bridge __ 34) 1.4 Dom Coal Pf _ 30 Don A .. .. ._ g0 Dis Seag __ 1g 1.4 Dom Steel B .... .. 17 5-8 Dryden 35 Fraser . _ 50 Ford A g5 Founda __ 23 34 Gen St Wares __ 15 1.3 How Smith 33 3.4 Ham Bridge g 1.2 Hiram Walker 35 Can Ind Al . 13 lnt Nickel 35 Imp Tob .. _ 13 B C Power g5 Con Smelt _ 119 34 Lake Woods __ m 1.3 Nlasscy Har . _ 33 3,4 McCall Front __ 13 34 Nat St- Car _ 3g 3.4 Can Nor Pfd __ q 1.4 N oranda _ 53 Price Bros __ 5g p2 Quebec Power __ 15 L2 Shawinigan g3 34 St. Law _ _, 9 L2 S‘ Law 1st Pid . _ g4 St Law 2nd Pfd . 14 1-2 Dom Text . _, 11 4.; Dom Tar .. _ g5 Wpg Eiec _ 33 4,4 St of Can _ g0 Lg Brazilian m 35

Produce

MONTREAL. Oct. 19 -— (CF)- Produce prices quoted hero today were reported by the Dominion Department of Agriculture as foi- lows:

Eggs: Free cases. A largo 63-

70; med 65—66; A pullets 48-45; B 45-47; C 34-46.

Butter: Wholesale Quebec no 1 fresh and storage pasteurized 68 l-2. Current receipts Que no 1 pas- teurized 67 3e4; no 2 66 3-4; first grade creamery print job price 7-‘ 1-2; solids 69.

Cheese: Current receipts western white ao-ao 3-16: “has: whito so. fob factory. Wholesale export pric

es western white 30 13-16-31; Que- bec white 30 13-16-31. Domestic prices western white 34; colored 35 1-2. No other prices established. Potatoes: Que no 1 75 lbs new 1.10-4.15; no 2 75 lbs .7‘.’>—90; N. B. no 1 75 lbs 1.30-1.35; PEI no 1 75 lbs 1.40.

Mining

(Canadian Press) TORONTO. Oct. 153- Sales Stock 2000Alger ........ ...- 8700 Am Yknifo .-_ 2500 Anglo Cdn ...... ...-- 27650 Apex 10800 Area .

1000 Arjon .. 17200 Armlstic 79000 Ashley . .

Close 04 14 14

08 b2 20

2500 Bagamac 140 Bk of Mont 300 Bk of NS .. 100 Bk of Tor ..

139400 Bass Met

16900 Bevcourt 5000 Brit Dom

‘f to

h" cc

1000 Bull Cdn B20 Cal Edm 4500 Caliirian 1000 Calmont 300 Campbell .. 465 Bk of Com 194 Cdn Brew 300 Caribou 6100 Cas Treth .

K

>- is

§§3§$3§8§8$$$§&§

3085 Cent Pat. ...__ ...... 125 1500 Cent For .. .. 1G 3500 Chem Res 55 _ 10000 Cheskirk .. 04 5-4

300 Chesterviile . 2'73 3500 Coastal .. 17

200 Cochenour 905 2117 Con Beattia 58 2000 Colomac 06 2500 Con Duquesns .__ 64 4500 Con Home .. l4 297 Con Smelt 119 3-4 1100 Conwest 113 2000 Cruinor . . 42 1000 Davies Pete 23 8800 Denison 11 9500 Detta 13 2000 Dexter Ri Z0 1500 Dickenson 57

6200 Discovery . 7200 Div Int . 700 Dome 60 Dom Bk 60450 Duiama . 1500 Duvay . 2500 East Led 1500 E Mal 3400 E Suiiiv .. 2250 Eider 21150 Eldona 2000 Eureka 1400 Falcon 200 l-‘robisher 320 Giant 2500 Globe 7700 Gods La e . 1000 Goidale .. 2500 Gold Man . 3000 Goiriora . 2600 Gulf Lead . zsoo llasaga 2000 Heath 6T5 Hoiiinger 1065 Home Oil 2300 l-fosco ..

S?

115 imp Bk .. 595 int Nick . 2700 lnt Uran 10600 Jack Waite . 5555 Joliet 4250 Kelore . 380 Kerr Add 12850 Kirk Gold . 300 Kirk Lake 400 Labrador . .

if

24000 L Dufault .

'tHE—GUAR-DIAN'~CHAI-{~LO1TETOWN Montreal Exchange

ERFS the best car and truck news in years for

Canadians from coast to coast! Studebakefs

huge new Canadian plant in Hamilton, Ontario, has begun production!

Studebaker dealers throughout Canada are begin- ning to receive their initial shipments of dramatically styled, new, low-swung Studebaker Champion cars. 'New Studebaker trucks will follow shortly.

AT LAST-AFTER TWO YEARS OF PLANNINGI

This month, after two years of careful planning and preparation, Studebaker of Canada-established here in 1909-managcd by Canadian executives and manned by Canadian employees-is moving swiftly toward its newest goal.

Smartiy styled Studebaker motor cars and rugged, powerful Studebaker trucks are being built by Cana- dians for Canadians in a Canadian factory!

Already, Canadian materials and Canadian labor are going into these new Studcbakcrs. Soon, as this Hamilton plant hits a faster stride, and more parts begin ﬂowing from Canadian suppliers, increasingly larger amounts of Canadian-made materials will be available to the expert Canadian workmen who man Studcbaker's modern Canadian production lines.

CANADA-WIDE MAINTENANCE SERVICE- A COMPLETE SUPPLY OF STUDEBAKER PARTS!

With 15 Studebaker parts depots located in strategic

NEW STUDEBAKER CARS AND TRUCKS ARE NOW BEING BUILT IN THIS HUGE NEW HAMILTON PLANT!

anada ”

points across the nation, Studebaker owners through- out Canada are assured of prompt attention to their needs.

Stocks of spare parts and accessories are carried by more than 350 Canadian Studebaker dealers.

The new Hamilton factory, of course, is a constant source of supply for parts and accessories.

Studebaker of Canada joins its progressive Canadian dealer organization in extending to the public a cor- dial invitation to sec the new “madc-in-Canada." Studebaker cars and trucks.

More and more far-advanced new Studebakcrs-ln all car and truck modcls--shouid be coming 0E tho production lines at: Hamilton in the early future.

STUDEBAKER '

First by For will: a postwar car First with new I949 trucks

THE STUDEBAKER CORPORATION OF CANADA, LTD.

A Canadian Company Since 1909

HAMILTON

ONT ARlO

T. G‘ Charlottetown

Distributor For Prince Edward Island

100 Lake Shore u 11 58 500 McKenzie 38 4500 Oriac .. 06 7500 Richmac . 09 1-2 13500 Thom Lund

700 Lamaquo 575 9450 Moll/tarmac 13 3300 Osisko .. 65 5700 Roxana . 48 2000 Union Min U 5100 harder U . 04 l-l 13000 Mid Cont . 06 17100 Pac Pete .. 65 Royal Bk . . l-2 9300 Un Keno ..

2700 Leduc .... 88 200 Min Corp 10 a-B 1595 Pamour 1025 Royaiite . 1-4 1100 Upp Can

400 beltch .. 113 700 Negus 212 1000 Psramaq . 300 San Ant 655 Ventures stoo Lingman 33 l-2 4300 New Cal 170 30800 Pen Rey 1000 Senator . 1-2. 1N0 Waite ..- .... @ 5!!) Louvicourt 55 $68 New Jas . 54 53633 Piccadilly 1700 Sheep Cr HS Wright Hal‘ _._.. .... K 1M0 Lynx 09 3-4 2450 New Marl 18 600 Pickle Cr 2585 Sherritt 2000 Ymlr YO ...... .. .__- Q 1800 Macss . . 2l2 103500 New Nor-z 16 t4 250 Pioneer 2000 Sladcn .

IMOO MacDonald 94 105750 Nicholson . 48 434 Preston . 1900 Springer OUII 3600 Msclie 07 l-4 910 Noranda .. 53 4800 Que Lab .7600 Starratt ..

7(1) Msdsen . 249 12134 Normetal . .. 295 1300 Que Man __ 7S \ 2550 Steep Ru 400 Coast Cop ........ ........17l 1700 Mal Gt . . 1B1 250 OBrIen . 1T2 1100 Quemont . . . l5 500 Sullivan . 23G) Foothills . ... 2500 Marslgo 03 800 Okaitn . . 140 2100 Reeves .. 250 ' 550 Syivanite 6060 Pend Ora ..... ...

110 Mclntyrs .. M 1500 Omnltrans .. 0'7 1-2 2000 Regcourt 04 1 2 300 Teck l-lu Total sales 1.245.000.

l L .