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STO K and 201w) QUOTA TIONST

_ firs‘ b31§KLU'_1“J-'lLU_YiL_N neonates

P1-\(Z§_FlV_lij

MARKET,

ad ’ (Iy IIIIIOOI ("unwas- IIOII-ul

/

IOINING RABBI’! LITTER

NIW YORK, N. l. Oct. N—-Notb- ing decisive occurred la the market agpin yesterday. fluctuation: were narrow and‘ the volume small. The rail: eontlaueditheir worse than the gen: mas-ket- performance, proaching their lows of Oct 0th the Industrial: are holding well.

The Joaee sad I earnings report for the third quarter can scar- considered as favorable but the modest increase in Steel op- eration: for the week and the increase in the pnieeof scrap. the first srsl months, were\off:etting ‘

es.

The market is still holding within its recent trading range awaiting a new stimulus, to give ‘Nae President’: speech before the American Banking A:s_ today and the eleaions in, two weeks seem to be the most important influences of import. once.

g . WM!

Lnldiaw and Company. SHIRLEY NEW YORK. N. Y. Oct. 24-min:

Bars quoted in London‘ market at 180: 10d versus 140s 8d Tuesday.

"Iron Age" say: steel operations gained one point st 24% percent of cn aaity.

nnsnnto Chemical Co declares ex- tra dividend of 25 cent: and regular quarterly dividend of M cents. »

K. L. M. Air 1. a at Amsterdam announces for 10 plane: simiisr to Dougie: Air Lines with which 'lt plac- ed second in Australian race. Order involve: between $000M to 81,000,000

National Retail Drygoods Assn: report: rise of 8 percent in dollar- ve ue of department store sale. rm- the first 1B days of October compar- ed with s year ago.

American Petroleum Institute asoiine stocks durin vvq-g

t. 20 totalled 4251631)‘?! bbll. decrease of 50,000 bhls. from previous

week.

Auburn Automobile Company arid "h. ‘lune! find?!‘ AI 81 not loss 9979-995 Y! i0!!! 8788. l in previous gellrlm Md 11m 8354.154 in like quar-

U, B. Amba d Bi h I . dress at Edidbbrgb, Sggtlllafid ‘This. lilbiiiiy of the Pound and the dollar,

T6-

moath: earned $3.10 against 51,99, . S. Iiiiectric Power output weak ended Oct 20 showed increase of 8 Descent over 1038 week agilnst in- 2'53" 3 3:19 Percent ia previous

Jones’ and Lnughiln Steel Corp. 59!"- ouarter not iosiziLBitdifl ag- ainst net profit ssse, in Drum“. quarter and net loss 899L138 ia 1033 qaartert

5MP iron. hot rolle , has been re- duced 82 a ten st

i: sev- '

A GOSSIP

N. ‘Y. Stock

he in the b k .. f th Id '1... .....':.i;.."":.:...:"..1 Exchange veloped. Instead o issues of the oat snd do variety bicb have bereto- ' ..'.'..:.... “ "". "any :1" "‘““

- on o a . .. everextendcu. po: tibia in the Bette: (Qlofiltlons frsrnhhed by Johnston trade svldlfi ' ~ and Ward member: of the Mont- Ihfll: Eigrultcgh ivgiona? "£01001! real- Stock Ixehanll. Montreal hlhl,‘ u, b. u," ‘m’... I 9'3: gml fi56 Richmond Street.

have sec: tied in in the go ds do or

m" ifi/IRB

[Rhos lursestioas Sept. and October

___.

have csah availahl» for the purchase on!!!“ l-lll of gold shares. I IILCOIIIIHQIIII that yon . '1“- con nue to hold chi to your reserves 'for be the being, ' M; Ban 10555 101 i McIntyre, Haripvave: and Little A 123% as‘ Lee are atl showing, moderate ‘ 13v. {resistance to decl. e. These inn" 2 231,5 however, will like! Join in-tha I93". 1021/, sI weakness and oald be sold, 1015 ; _ Dalia. 0%

Anaconda Cop“. .'. llll . . .

(Johnston an: wars °“ ltoeks ' Opens?! Last gglnrzocgutn Abitlbl .. ... as _1oo~ 3:}; °AM° Assoc Brefvr ... ... . 12 11 1km ‘v1.2.0 Beauharno s .... n 0% B m s, ,1 Brew Corp , 5 82,88. e“ iBrit Amer Oil . g3“ Bu" A M _ m“. 9°" ‘i’ 11“ Burr Add ii h I m" 5°" 14 ooh Oil “c Ford of Cari s 22 c,“ I. omh Btnbell . 41 cm 19kt‘; ~ h“ o" " -- m Cel Corp Imp Tob . . 12 com so‘, 1"“ P“ r ‘ N“ Cong Nnirn “"1"” - - — (‘hes Ohio Norsnds . 8f émc Norm " Teck Hum“ -- 395 Chrysler Mot (Ema ‘i, 23 _ oiumb Curb

“ 0° 155s Col Fuel Iron .

Walker Brew .. e75 polum G“ El Wright Har ..’. W0 Com Sol m

(Conn MONTREAL, the two hfnntrei flodl! totalled 32 coinliosed‘ of 12 hogs and I01 laipbs, in addition, here

i‘

were 475 cattle, and 20 calves over from previ n; Buyers report d heavy

offers for caftlci. The ' twenty calves 200 ounds, :1

calves of weld’ t-s were

'ot wanted. Fresh re-

ed at steady D ices, The lambs vi re and the hog: tract at $8.50 ers. heavies an heavies were I’ .

from 80 to $0.25 ere delivered on coa- or bncoas, with hutch. baigbts at 88. Extra

is? Press) E . 24—Offeringa on livestock market: head. Receipts were cattle. I11 calves 132

held

beef on band sled there werenrflfkeuarryt °

held over were ihcavies, weighing over these

wot- wero rm ma. and were’ welgh- x

E I Dupont Eastman Kodak Eiec Auto Lite Co Else Pow Light H0 ..s First Natl stores Frcéilort ‘In: Gen Asphalt G lec .

Gen Mot .. Goodyear Rub Gld Duet .. .. Graham Paige ._ , Great West Sugar

H1111 Mot .

Eaiabreductlon ‘floliotv: similar cuts in . W "MY- . Markets At A so i a ‘ mibhn 161i» taxi-ole‘ ‘m a ii ..... , . . .13 .. Rail: .. .50 36.33 o... ... lance a0 imi 19.78 tops 10m .01 . High r... 4 1...; u (Canadian. ems) so Bonds “ on; 4g ‘£11015; Ifti" ‘ m" nun‘ Toro to“: sir-Higher, ' ~- ’ 551(0); 55y; Winn peg-V heat. slightly lower. I flii’. Montreal-JD conihur silver higher. Pen“ Bu“ 2'") 241/4 MONTREAL, one, on g4_..[ New Yorlr-ifotton higher: rubber Pub B" N J my, would not he inclined to add u. sx- lower: Iurnr and coffee ant-banned. P" P We isting holdings st UJQ_Di'9Iel1t time. -—-—ri-—i— 4" The disturbing feature of the latest I715 Island's for Sore Ices i“ . » _ / 1 v . 1.114, , will I ,~ Shnnd Gas Eiec .. I A flocony Vac 13% e is ng a ss- aye e n vance M 1»- ' South Rnil IRE/j Central Guardian locals, do par werili Western send Eastern heals, 8e sill"! Brill!“ - 19% per svoril- announcement: and Coming Issues, ward; Oluglflg‘ Stand Oil N J 41% 1e per svordi In llemorlam Notices, 70o per Inc i issa of floral and 5mm‘ o" (‘"1 23% Spiritual Offerings, Cards, ese , do per name; Let ra of condolence 1o» 71/4 per lnebi Notlee: of and Approeiafal, 7 . per lneb or do por -'i word Other rates on appileation - I 20". linIn-inm Charge for any advertisement twenty-live an“, . . 37% Tim Roll Bear . .. 20 2!! ltlynilon (Ilnrb Cnrh 44 H . non. nc 1001/ 104 BATlli-lo per ward, three llser- -———.-——t United Corp not‘ n84 tion: for the price of two, strictly F United Gas Imp 13% 13% pnable in advance. i Or 831$ U 8 Ind Al . R8 38V: g B glubbel.‘ 16 101A son. sat This». a noose. .1 f.‘ §,‘?‘,.°."_j_ __ ‘$111., 3')“ AQCIIKS Wanted ‘Apply a Guardian. warm-i- Bros Co m w. ri; , Is-IAM-IO-fl-Bi. wgrfgsigréé- ~. 1322 AGENTS! censors cecsnsa- -——_' w... on... ..‘. arm M ~50,“ s...“ pal-mug} canono/llln SUITABLE Ion Woolworth c» - mo, Christmas Greeting Cards. Doilar 1min: Willow». cw. 1r w Wm EM - w»: a dozen and up. Splendid profit. "i9"- iaillliil" 03"”- "-

Experience or capital unnecessary. Five dollar sample book free so workers. Bradley - Gerretson, Brsritford, Ontario. N-l459-l0-l8-l2l.

Miscellaneous

I. s. REEVES, SOUIIIPORT FOR. Nursery Stock. L-i-i29-10-F—S-M for l5 wins.

roll sash: -- smcnn bnwmo Maohin

and Stroller. Apply 47 Chestrfi Street. L-1468-l0-24-1i. FOB. 8M

Five, E Cards. Printer?

L! - AUCTION FOB/I‘!- 489 and. Whist Scorn Guardian Central Job

. Nov. l-tf.

POI. 8l\Ii-A Nfifill OI‘

OAN ACCOMODATE BOARDERS

in steam-heated rooms, l2 Elm Avenue. L-1441-i0-23-3i v

WILL THE PARTY THAT PICKED l up the sacks of wool on August 25, near Tracndle Cross Roads, please communicate with Guardian.

hnrdwci _' barrels with cov- ers, “ about fifty gallons. quickly. price one dollar

To cl ir each. flidney T. Green. s: OOIIIDI-Dst 11-2448-10-24-

Mnle Help Wanted I

career sun To woax 0N farm. Amos Rodd, Ddiltorn.

L-i-iui-io-iis-ii. . L-IMti-"i-U-iil- WILL sits PARTIES wuo TOOK . j L931; -

the “prey wagon shaft: from-the i residence o! the ll" 1mm D"- Losr -.- nan: nsmmn cuss- rseli in August 1033, return them w “bu, my“, 1,", g; qua-q. to the sumo elm Md M" imbifl- . 1 Reward. . meso-io-rs-ii,

11-1488-10-25-11. _ _““'__.

OPPORTUNITIES IN RADIO-AVIATION NIW COURSES AVAILABLE, Many advantage: to studyina with: an approved Canadian School. Radio College of Canada is en- dorsed by leading o?! 01mm" c . and Governmen “m”, te

Box G-lld and errands personally. L-lfll-io-fl-ei,

routers-sum or noses vw- initv or Potato Warehouse wharf-

A "Q11 wgg , Mt. lldzvard is‘: “IrlMl-IO-Zil-ii.

Wanted __

wanna _. rsasuiu Lasts nm- m Prince Street. n-im-io-zs-aiJ . - rug? 1a‘ euaAsrmwy m :15; Oh .0000. Istanbul‘; phone not. 1808-"

IANTID - UNIURNISIIFD heated roesn. Appl! A-BQ. 0f L-l48d-l0- -- -

ToLet.

m - rulinsuso uousn. Phoa Olf- ' i l n: Apply is: a . - . o-im-io-si-n. m ssrr-uooss as»: satoisliou mas, Aral: s manna Reed.»

\ L-ldfl-IO-Bl-

cont

‘I0

NGE

(Canadian Press)

MONTREAL. Oct Zk-British and foreign xcbange in relation to ihc (‘anndinn doiini- as compiled by the Iioyal Bank of Canada closed today as follows:—

Argentina peso .2560.

Austria schiiiiiig .1800.

Australia pound 3,8600.

Belgium belgn _‘.'20d.'

Brazil nilireis .0721.

China llong Konl ilollsrr Q Csechosiovaiila crown .04

EX CHA

4011.

Denmark krone .2183. Finland fininark .0218. France franc .0048. k Germany rcichsmnrk . ' Great Britain pounds 4.8841. Greece drnchma 000 . . Holland floi-in .0049. Hungary pengo 2047. adla rupee 3001. itsly lire .0341. Japan yen .2820, Jugoalavla dinar .0826

i

New zealand pound 8.0015. No y krone 246d. I oand sioti .1875. llth Africa pound 4.8149. i B sin peset: .1842. v wedea krone .2520. Switserlsnd franc .3206. , United State: dollar 1 iii-id per discount.

my, oiuts at 201 while National Breweries

m” weak in the early demure recovered

(C. P. By Guardian's Special Wire)

Mountain, ocr. it - The 1m hour rally which brightened New York and other markets failed to ss- sume sufficient importance among prices on the Montreal Stock Ex- change today to overcome early loss-

es. The final upturn lifted many is- sues from their lows of tliB dI-Y Ind in addition erased several initial de- clines. At the close however, losses still held e. substantial ‘margin over gains. Price movements bended to be narrow with sales volume approx- imating 11,800 shares. Bank of Montreal declined two

referred suffered s. loss of a point at 35. Cement issue: which were to close with small losses, the com- mon 56 st ‘i and-the preferred it at 48%

Montreal Power, Steel of Canada. Shawinigan .Power, McCall-Iron-

Preferred, Dominion Bridge,

ya Harris, Power Corporation an Sher- win Wiillams were among the issues to ease fractions.

Metal stocks 16d the recovery surge with Consolidated Smelter: convert- ingsii oint iosslntoagainofflii points st 135. Hollinger, in active dealings, rose ‘i0 cents at 20.00 while International Nickel was up is at 24.

Howard Smith preferred and lake of the Woods preferred both moun- ted to new highs for the year. How- ard Smith Jumped two points to 77 while lake of the Woods was up i6 at 83%. Dominion Steel and Coal "B", Cookshutt Plow, Canadian lu- dustrini Alcohol and Canadian Car all moved up small amounts. I

Brazilian ‘In-action at 11% and Canadian Pacific Railway at 12% were both unchanged as were Na.- tionsl Breweries, National Steel Car and Dominion ‘Textile.

Sales 11,888 shares; bond: 810,600.

tenac, Bruck Silk, Canadian Car

On New . Yo

(By Frederick Gardner, Associated‘ Press Financial Writer) (A. P. By Guardian’: Special Wire) NEW YORK, Oct. 24-New life‘ was injected into the sluggish stock market today by n sharp advance in railroad shares in the final fif- teen minutes of trading. ' Galvanized into motion by news that a federal court load Pro- nounced unconstitutionnl the Rail- way Pension Act passed in the last Congress, leading mils spuried i to 5 points. The trading pace quick- ened throughout the list and for the first time in nearly two weeks the market showed signs of em- erging from its narrow groove. Financial barometer: registered a more bullish atmosphere all around. While markets waited for President Roosevelt's address be- fore the American Bankers‘ Asso- ciation convention in Washington. UnitedStates government bonds moved forward with s vigorous stride, and the business picture took on a somewhat brighter hue. Swelied by the brisk turnover _Wlll(!fl18.CCOmI78l'Il8fl the last-minute rise in railroad shares, volume in- creased to 772,300 shares compared with 527,512 in the preceding ses- sion. The Standard Statistics Co. averegé for 20 railroad stocks rose 2.1 points to the highest point re- corded since late August. Rails tie-I finitely pushed out of the recent trading area. The fill-stock average advanced I12 points to 72.6. ‘ Brisk bidding for railroad shares. as traders deserted the sidelines to not on the pension decision. lied a tonic effect upon the market for rail bonds. ‘The creeping recovery of bonds picked up momentum. In-. vestment confidence was stimulated by announcement that virtually , the whole block of $50.000,000 of. 1 Home Owners Loan bonds offered by a banking syndicate this week

Railroad Shares Set Pace

rk Exchange

gold shares yesterday and the dollar-pound stabilization sugges- tion sdvmced by the States Ambassador to Great Brit- ain in a. speech st Edinburgh, made lnfletionists less sure of their ground.

The upward flight of the rails left Santa Pie, Delaware a Hudson, New York Central, Union Pacific. Atlantic Coast Line and Great Northern Preferred 2 to 5 points higher at the finish,

Scattered demand for building, packing shares and various special- ties marked a slow run of buying in the general list but pivotal is- sues joined the uprush of‘ the rails toward the close. General Motors. Johns Manviile, Chrysler, Ameri- can Sugar, Continental Can, Mont- gomery Wurd and U. S- Steel sold 1 to about 2 points higher.

Gold shares rallied with the gen- eral 11st. National Biscuit finished less than a point off after an early

pearimce of its third quarter earn- lllgs reports.

American Radiator was actively traded and finished frsctionaily higher under stimulus of a state- ment by the corporation's chair- man, Clarence M. Wooiley, that. its business had increased 40 percent compared with 1933 since the gov- ernment began its housing repair campaign in August.

Flrmer tendencies along the com- modity sector were marked by an advance 0f 60 to 85 cents a bale in cotton and 1-4 o 3-4 cents s. bushel in wheat.

Several favorable dividend ac- tions contributed cheer. Amour; them were extra payments by Colgute-Pslmoiive-Peet, Caterpillar Tractor and Monsanto Chemical. The Iron Age noted a slightly bet- ter demand for steel and the first gain in its heavy melting scrap composite since last March. Electric

had been sold. ' Leading commodities assumed a firmer tone with equities but specu- lation for the rise in that; quarter, was restrained by growing inflation doubts, Strength of the United States dollar against European gold currencies, together with selling of

Power output lest week was 3 per- oent-ahead of lssi; year against 2.8 percent the preceding week. Week- ly carioading reports of leading eastern carriers showed moderate gains, offsetting declines on west- ern roads.

PRODUCE

(Citnaillnn Press) RIONTIIEJlL, Oct fl-F-(‘hoese prices edvnnccii on the Montreal Droduce and diiiry iniirkct today, The spread between white and col-

nrcd choose narrowed today with white gaining 1A cont. No I Ontario white “as quoted at 01/; ccnts a

pound with cniormi at ilifl cents while no 1 Qiicivcc whit sold at i) cent: and colorcii at i) cents. Iiail rs- ccipts were 1,061 boxes

Top brands of graded shipments of eggs in cnrloifz or less were up I cent a (lost-n 30 tn 40 rents fon A- large and 30 to 3T cont: for A-medluin A-pullcts at 2U to 30 coats, li at 22 to 23 cents and C at 10% to 20 eenta

were unchanged, Arrivals by rail were 8.340 cnscs. Fresh no 1 butter was unchanged

at 1001 rents a pound. To retailers solids mrc 201A cents and prints 21 cont: n pound. Receipts were 28 boxes. On the potato market Quebec: were 36 to 48 cents, New Brunswick: 40 to 40 cents and Princi- Eda-hm ls- iand: at 46 to 60 ai.l pcr 80 pound g.

Currencies 24-—The

MONTREAL. Oct Pound sterling advanced 27-32 of s cent $4.88 10-82 on Montreal foreign ox- changes today, The United Slates. dollar declined 1A of one percent st ‘

is rge 40.

staple commodity 1031 equals 100 280-5)

Miscellaneous

( Canadian Press)

MONTREAL, Oct 2|- Whcat nor no 2 82 W no 8 d2.

Flour seconds $5.10. r Flour- bnlrcrs $5 00. Flour winter wheat patents choice H 60 to $4.00.

Flour white corn $.40 to $5.60. Bran ton $24.26

Shorts ton Swill.

iifitidllnga ton $2025.

Rolled out: hog (i0 lbs $310. l-iny no 2 per ton carlots $15.00. Cheese Ont white 0%.

Chess eQue white 0.

Butter no 1 10%.

Eggs fresh specials in carton: A-l

Eggs A-l medium 4d.

Eggs A largo 4'2.

mlkl A medium 40.

Eggs A uiiets 3-1.

"III rte 39-

iiigg: B medium H.

Eggs C 2d.

Potatoes Que 80's ill-to. Potatoes 80‘: 40-45.

totatoee P 1o I R0‘: 45-50.

NEW YORK. Oct ‘Ii-Index of 15 pblcea. (Dec .'il,

Today 145,0 prev day 144.0

United -.

drop of about 2 points on the ap-l

' that volume. izsincil L’! in ass, n-i.i1ei“°“"~‘""

3 1028 average equals B":

Late Rally Fails To Regain ‘fi F‘ _ A I " Losses On Mt_’l. Market '

s“

World -Wide Radio

‘ _ Take a trip abroad, right in your own home! _ _" Hear talented soloists singing in Europe . z a superb continental bands . . symphony orchestras . . . variety programs . . . greater radio-evenings than you've ever known before! The 1935 De Forest Crosley World-Wide radios provide not only entertaim ment, but a. valuable education worth ten times their cost: to yourself and to your children.

What De Forest Crosley llns Done Not merely one or two styles to choose from-——but nine i —all with World-Wide range—in the i935 De Forest Crosley radio line. Every one is vibration-free because

>

: equipped with the modern Spray-Shield tubes that give you guaranteed long-life performance. Your De Forest Crosiey dealer will show you how Oidiashioned metal shielding “cans" are dispensed with altogether in the new 1935 De Forest Crosley models. You'll see the difference -—and the remarkable improvement-yourself!

SAINT JOHN. D. A. Ramsey, Charlottetown.

DEALERS

SUB-DEALERS S D. Hugh, Murray Harbour. ' Wesley Crozier, Hamilton, Edison William, Tyne Valley.

‘m (rlmn you Qrogrqma mrn (his

Illustrated-Adventurer Model, with 6 Guaranteed Spray-Shield Tubes. Other _ models $39.95 f0 $154.95. ' ' De Forest Crosiey prices are lower than , ever in their history, in spite of World» Wide range and greater eficicncy.

MARITIME TAGCESSOR IES LIMITED

Cyril R. Leard, Alberton, A. J. Matlseson, 0’Lenry.

J. E.