E11. 22, 1935 .

YES TERDA

=ornerl -

THE CI-IARLOIFTETOWN GUARDIAN

7s STOCK andBozvzfQ

‘flvill!'finr**nnor\'- i;nwpsn»wwmw-flm ...... . .. .. , .. ..

n». “non-An.

I

E MARKET

(By Johnston and Ward's Special Wire)

, SUMMARY

mzw YORK. N. Y. Apr-u 22- April Int surplus of Wheat avail- able for exiport, or carryover in principal exporting countries, plus United Kingdom poirt stocks and quantities afloat appraised to be about 629,000,000 bushels against 827,000,000 a year ago and 033,000,- 000 two years ago, Dept. of Agricul- ture reports.

A11 London markets closed today.

Calif. Crude Oil output during week ended April 20 averaged 487,- 100 bb1s., daily off 10,800 from pre- vious. week.

R. L. Polk and Co raises esti- mates of new passenger\car legis- trations in March to 260,000 units lrom 240,000. Compares with 170,- 815 in Feb. and 173,287 in March I934.

Electric Bond and Share year ended March 31 net lncrrase‘ was equal, after pm dividends, to 1:. cents a common share vs. 39 cents in preceding 12 months. ‘

National Industrial Conference Board business survey shows fur- ther impmvement in bufiness con- ditions in March and first half of April. Continued expansion of automobile industry and the sharp rise in building activity were res- ponsible for the increase.

Magazine "Steel" says sustained demand for iron and steel, with no bulge 1n any consumer classific-

ation, but gains in moderate size,

miscellaneous orders, has infused a little more confidence in the ma» ket, and last week lifted steel works operations another point to f6 percent of capacity.

Body of “Ireasury Mcrgenthau offers holders of First Liberty bonds called for redemption June l5 the right to convert into 20-25 year 2 7-0 percent bonds of 5 year I 5-8 percent notes. At the same time, Secretary reserves right_ to

raise the issue price of the Ex- change Securities by public an-

nouncement after April 29th. Illgh Low Last Up I0 Ind . 109.95 108.21 109.76 1.79 20 Rails 30.73 30.16 30.56 0.55 20 Utll . 18.16 17.82 18.08 0.35 40 Bonds . 94.82 0.12 . Dow Jones.

MORNING MARKET LETTER

NEW YORK, April ’ 22-112mm- dayz strength~oontinued from the opening Saturday and~ during the

4 , first .11 r substantialjains; were

sonrin largely to um" Industrial group again though the rails did participate for a time. Irho buy- ing was in good volume and theie were a number of transactions in

large blocks. Trading quieted down -

a little in the second hour, prices remained firm.

'I‘he D. J. Industrial averages Saturday albout reached its high for 1934 of 110.74.. TM average contains most of the high grade leaders so that to give a better view of the industrial group the stand statistics avelage oi‘ 50 in- dustriais may be used. The highs for this average in 1834 was 104.98 compared with a close of 87.64 on Ilhursday. The D. J. rails average made a high of 52.98 in 1934 com- pared with Saturdays close of 30.- 56. The volume Saturday, combin- ed with the extent cf the advances gives some suggestion o! a climax and at least makes caution on the buying side advisable.

but

Laidlaw and Company.

GOSSIP

BAKING LITE]; Saturday Afternoon

NEW YORK, N. Y., April Z2- Wheat which I said should resume its advance today, mlo nearly 2 will». mine 1 1-2 hisher. Corn also closed over 1 cent higher. I lock for a continuous advance in wheat for the nxct 10 days. Cotton markets were closed today. Last advices hold good. »

Stocks were very strong and the‘ Industrial averages got up to 1i‘. .95 a now high since m. 1034. I ex- Pflet these averages to react pos- sibly 4 points after we get to ab- out 113 and then adivance 10 to 15 points further between now and the end of Juno. In fact, we shall have very active markets till prac- tically the end of the year. Brok- ers, cheer uo.

"Spare the wealth" la likely to be the watchword, rather than “share the wealth" and 1f the Adminis- tration adopts that attitude we will get somewhere, and that is no idle dream. _

United Aircraft, which you could have bought below l2 as I repeat- edly advised, sold at l3 1-8 Still a buy around 12 1-2. ‘

Fairbanks Morse is still behind the market. Buy it around 24.

Hercules Motors rose I 1-2 more and can still be bought near 17.

Phillip Morris sold at 43 1-2 and should cross 50 before40.

Loews which you could have bought below 35 recently as advis- ed, sold at 38 1-4. Still a buy on any moderate dip. Rubber pfd got back to 31 7-8. Still a. purchase be- low 31. Case Sold above 55 and can still be bought below 54- Union Carbon, DuPont, Col. Carbon, Corn products. Cerro de Pascc, West- inghouse, etc, all recommended much lower down and repeatedly slime, show further 800d advances and should be I held, including Johns Manville, Celanese, etc. United Am Bosch rose another point. Still a buy belcw l0. Gen- eral Motors and General Electric also did better and should be held. Also buy Am. For Pr. 7 per cent pfd near 17, Am. Loco motive pfd 35, Dome below 40, Cormnerclal Solvents around 20. I trust you bought stocks a month ago so all you have‘to do now is to sit back and watch them go up- ‘

Baring.

BANON SAYS

MONTREAL. Qua, April 22- The remarkable strength dlsplag- ed by the blue chips on Thursday spread to the medium priced lead- ers on Saturday. In generpipricea moved up briskly over a wide front with demand exceptionally large. Most of the rails so far have fail- ed to respond materially to the bullish demonstration o1 indus- trials. Carriers, however, will like- ly move out of their rut on the up- side. In the current area. N Y Cen- tral may be regarded as a. mien- did speculation.

Trend of market continues em- phatlcally bullish, but after the sharp uprush recorded in the last few sessions I would not be inclin- ed to reach for more stock on any opening bulge w-hich may be wit- nessed this morning. On reactions I suggest that you add to present positions with purchases of U S. Steel, Westinghouse, Cons. Gas, Aim. smelting, Int'l Harvester, Un Cazbon, N Y Central, Penna R R. Am Rolling Mills, Houston Oil, Johns Manville, Bears Roebuck. I.nt’i Nickel, and In-t. Petroleum.

Gold shares were low in activ- ity on Saturday. Offerings, how- ever. were readily taken and in general the division continued to act builishly. On dips buy Dome, McIntyre. Central Patricia, Mac- assg and Teck Hughes.

Banon.

~i l Advertising . Bates-Payable in Advance

Central Ilniudiun Im-nlu. 1c nor wunl- hi per IVIIPJI Bplrllirul (lflrringa, Caulk, no , par Inch:

viorif mnrr rairn an applinti n

pa‘ Iorili lnnnunrrmflnlu and Coming In lInmnrIam Nuilcea, 70o per Inch: 4c fllf name: Inttrra of Conduit-non 70c NnIIri-n '01 Tlinnka and Approclutbll, 70c par Inch or 5c. y‘

“Iv-turn and Eastern Ion-all. 2c Evonfg 2c p-r word! Ola-unified Lin" of Floral and

n Ilmlmum Charge for any a-‘w-‘rtlullenl twenty-flu oonta.

BATElz-‘h per word, then Inner Ilolla for the price of two, atria-fl) pgynble In nnlmnre.

r..._.__

F9}”_E§?'\'Z~ _ -_

FUR SALE — AUCTION FORTY- Five, Bridge and Whist Scorn Cards. Guardian Central Joli pr-mtei-y, Nov. l-tf

WVANTED — A GIIIL F011. GEN- cral housework. Able to cook. Apply Box 312. L-5015-4-23-t_f.

roa saw - anAvv snows Paper suitable for placing under rugs, etc. . Guardian 0171?.” u

.. FOR SALE - MOTOR BOAT 27 PI‘. equipped with Acadia 65s.. Apply Iiii-neat McCabe. Alexandria. .. L-6011-4-23-3i. I011. SALE - A'I‘- DUVAIVS Stable, North River Road, April 22nd, 20 good farm horcea Gor- don Wright. L-5001-4-20-8i

I03 SALE-OLD FASHIONED Inlrrcr, 5 ft. 8-111. by 5 ft. 8 in. Apply Henry Mcrarlane. Phone 1055 ‘ 11-5008-4-80-31

. I011 aALl — TRAP?! BANNED team coal black young Island bones, weight 1000 and 1810, both quiet, well broken, and gaining

we . -. Worth 500.00; price

00 (subject toconfirmation).

Write orwire Brace, lfckay dc

00., Summers" .

11-5051-4-15-22-25-20.

Lost

"UIT d LARGE BROWN D00.

I “or; to ncma "Ember." Joseph ...:~.i.-, crapauc. , ' 14-0000-4-22-81. .

ii,

Miscellaneous

POLICE WATCH DOC, SUITABLE for ranch or farm. Apply Guard- _ian Qffioe. L-5657-4-15_-§.

SPECIAL POLICY F011 TEACH- ers. Sun Life oflers a policy ud- justabie in flve years to suit pos- sible * conditicnsi Changes guaranteed without medical ex- amination. Sen J. A. Moore, Bank of Commerce Building, while in town. bacon-u.

~

Wanted

WANTED-HOUSE wrm nvi or six bedrooms. Phone 1150. L-5092-4-20-8l

WANTED 1'0 RENT — ItIALL fully furnished houle _or apart- ment suitable for twc -lflllltl- Apply Box 116. L-5054-4-18-4l.

To Let

‘I0 III‘ - TWO HEATED APAUI- menio, newly decorated and all modem convenience. Stoves and oil burners at 25 Upper Prince Street. Phone 323-1».

L-5031-4-17-5I.

Salesmen Wanted

SALIMAN WANTED — EXCEL- lent opportunity. . Apply Mr. Black, Mawley Home, Bummer- aidc. N-205il-4-l8-1i.

wiuvriip SALIIUMEN. nxrrn- isnce not necessary. Small capital

required. Write A. Guardian. 11-5050-4-18-41.

IV. Stock Exchange

(Quotation: fumbled by lohnafam and Ward member: of the Mont lulun

rul Stock go, Mantra Curb Market. 156 Richmond Street Charlottetown).

""1" Opened but Air Iled ... 117 118 Allied Chem ,. 1451.‘? 14559 Allin (‘b51111 .. 10 16% Atl lief . . . . .. 24 24 Amer Can .,. 1:1 121 Ain Ciir- Found '13 13% Am For Pow . 3V9

Am .. 121/

Ain Pow Light Ii

Ain . . . . ..

Aui ,l§lll0ll Rfg

Ain Sugar .

Am Tel Tel

in '1'ob B

An (ioppcr ,,

Aicbiaon

Auburn Auto .

Iliiid Loco .

gull OIIIII

urn A g

lien Aviation 10g; Ilctii Stool . 27% Briggs . H?‘ Byers .\ .\l 15 liurr Adi] .\IIII‘IJ 15% Con (iii .. .. 19% (‘mi llry Gin Ale . 9% (‘iin l'iic . 101/; (‘use Tlireab . 55% (Tel (‘urn .. 22% (‘om Son .. 1% (‘orig Niilrn 32% Con): Nuirn 32% C11‘?! Oliin _ 42 (‘hie North ,. 35g (flii-yslor Mot 38V; 38% (‘uluinli (‘iirii 73 75% Col Fin-i Iron 11,1, -1% (‘uluin iius Iiii-c ‘,2 7% Coui Sui 21% Con Gin; .. 22 22% Con (lil . sag, g Cnn (‘an 73% 731,5 Corn Prod 1171/, (11% Del lIuii .. , ._ 291/, m) 1'.‘ I Ilnpnnt . . . . .. , 071,5, East Koiluk . . . . .. 135% Eiec Auto Ilio (‘o 2g Eiec Pow liiuiil . 2% F, o . . 9% First Mill Slum-s 47% Frccpiiri 'l‘<-.x . . .. 23% Gen Asphalt . . . . . . . . ..

(Ion Iiii-c .. _

(len lfumln

Gen 11m ..

Gold Ilnni .

(loorlricli llub .

ilooilyciir liiili Grabnin 1mm» . (lrciii \\'<-ni Siig IIOIIHIOII (iii

lnfl Nlckvl Intl Trl ... Johns Mun Kolrinntnr Ken Cop .. Lnnibcnt Co . . Lig lily-era B Liquid (‘rirh Loewe ~ IIIPUfp

Loom Wilna Ill llclicvsymrl Tin .

“rick 'I‘ru--k ... 217i.

“nth Aiknii .- '- 28% Miss Kim " 3% Ilont Ward 251,5 Nnali Mot 13% Natl Bia . 26% Null Pow Light. . 81 8% New Hlivcn .. 5% 5 New Yuri; (‘on 18% North Anier 14% North Pnc .. 16 Pack Moi 4% Penn Iliiii . 20% Pub Scr N J‘ 28% Phil Pct .. 19 Pullman (‘in 401,4 Radio (‘nrp II Ilndln Koilii Orph , 1% Rep Iron Sir-oi 121$ 12 Hnfuivny Shirl-n .. 421,‘, 42% Sour-s Iiuvliur-l; 31-71 35W» Hlicll Fiiinii Oil 7 (i7, Sim (‘o . . 8% 8% Soc \',ur- . 13% 13% South l':ii- . 15% Smith liuil I 107/.‘ Stnnd liriiiula .. 15% Stand (his lillcc 31% Stniiil ‘(ill (‘ril .. 33% sinnd 0:1 x J .. 4m Stewart Wiirncr 9% Ntuilclinkcr . . . . . . . . .. 2 Thermniil ' ' 3% To: (‘n ,. - 21 Tex Gulf Sui . " 32% Tim Roll Iicur 351% 33% llniuu (‘nrliidie Cur 52% 52% Ilnlnii I'm: W15 90% Unitcil .-\!r . I 12y, Ilnitcrl (‘urn .. 2% 2% Iliiitml (his Iiii I‘: 13% ll S IlllI .\l . A015 .41 II S Iluhlicr 1L, I21 I’ \ Siiiili .. 101112 l‘ a Sinai . . . . .. i an’. Yuii Stool . . . . .. 131i, Wurnor liruii Co 3% Ivar-run Iii-ca 4M \\'\‘Bl Viiinll 21% “WW! WIN‘ . . . , .. 42 ‘VOGIIVUHII (‘n ,. . 5171.1 ‘.\'-\:-tli ‘.'.iiii|i . . 10 111 Yellow 'l'rui~k (‘ouch ‘IE5 31/5

1V" l usce laneous

(Canadian Press) ,

MONTREAL, April 22-

Wheat nor no 2 96.

Bazley C W no 3 55»

Oats C W no 2 53.

Oats C W no 3 49.

Oats feed no 1 46.

Flour spring wheat patents. first!

$5.70.

Flour seconds $5.80.

Flour bakers $5.20.

Flour winter wheat patents,

_clicice $4.15 to $4.20.

Flour white ccrn $5.50 to $5.60.

liliiddl-ings ton 30 25 to $31.25- Rolled oats bag 90 lbs $8.05. Hay no~2 per Inn carlota $18.50. Ont fail 11 1-2 to 11 8-4. Chaos nmmer 12 1-2 to 12 3-4.

bin-flier, no i rewadcd14 1-4 In

I aa-rnce: cf etglo . (Dec. 1 1 equals 100; 1225 average

Markets At A Glance

- (Canadian Prue) Toronto and Montreal-Stock and commodity markets cloud. (bolldly). .

New York-Stocks closed Mabel’.

Winnipeg-Wlioatunoibanfld to 1-8 higher.

New York-Cotton and ccdfec lower; rubber and augu- higher.

Llvizslocx

(Canadian Preaa)

MONTREAL. Avril 22—Offerlriga on the local livestock markets ic- day totalled 2,121 ihead.

Cattle receipts were 465 head. 175 cattle held over from last Monday's and. Tuesday's markets were included in the very light of- fering for sale today. Prices were even with or a shade higher last week's quotations and trading limited due to a comparatively small number of buyers. Early sales were made u/p of good. steers at $6.50 to $7 with low medium steers from $5 to $5.50 and steers cf medium good quality around $8 to 80%. Common steers were nomin- ally quoted at $4 to $5. The few heifers offered ranged from $8 to ,$5.50 with an odd light heifer of choice quality up to $0. Good cows of the big-bodied dairy type sold for $4 with fat cows of beef breeds up to $4.50. Cows of medium quality were from $3 to $8.75 and common butchers as low as $2.25. Canners and cutters ranged from ‘$1.50 to $2.. Bulls were quoted at from $2.50 to 4- The Montreal livestock ‘ have notified the trade that the yards _will be on Monday, May 5, in observance

of the King's Silver Jubilee.

Steers up to 1,050 lbs, good and choice, $8 25 to $7; medium, $5 t0 $6; common, $4 to 5; steers over 1,050 lbs, good and choice $6.26 to $7; medium, $5 to $6; common $4 to $4.76; common $3 to $3.75: good $4 to $4.50; medium $3 to $3.75; common, $2.25 to $2 75; canners and cutters $1.50 to $2; bulls, good. $4 1o $4.50; common $2.50 to $3 .75.

Calf receipts were 5/15 head. Tc- day‘s trading on calves was active and prices 25 to 50 cents higher than last week. About a down me- dium good to good quality calves were picked out at $4 to $4.50. Common to plain kinds were sold at $3 to $3.50. Fair to juei; medium quality made the bulk cf the offer- ings and were sold between $4.25 and 8450-.

Good and choice veal, $5 to $6.50: common and medium $3 to $4 75.

Sheep receipts were 24 head. One spring lamb, weighing around 45 lbs., was sold alt $6.50. One small lot of yearllnga and sheep was sold at$3. Afewtcpsheepmade $4.

Ewes. $3 to $4; lambs. good $8.50.

Hog receipts were 1,057 head. The bulk of the hogs were sold at

with one load or more at $9. Sel- ects drew $1 per-hog premium. Butchers, heiwlea and lights were out 50 cents "per cwt., and extra heavics $1 per cwt. sows were from $6.75 to $8.50. (Canadian Press)

MONTREAL, April IZ-Prices nued steady . on. the Montreal dairy and produce, market today with tnadim aomewhat restricted. Some fairly good dealings were re- ported. on the butter market as no 1 regraded butter continued at 24 1-4 to 24 1-2 cents a pound for carlots or less and no 1 fresh butter at 1-4 cent a pound less. Small lots to retailers brought 25 to 25 1-2 cents a pound for solids and 26 to 26 1-2 cents for prints.

The egg marker, was again quot- ed at 19 cents a dozen for A- large, 17 cents for A medium. 16 1-2 to 17 cents for B and I5 1-2 to 10 cents for C, for graded ahiip- ments in carlcts or less.

. No 1 Ontario cheese remained at

11 1-2 to 11 3-4 cents a pound for late-fall make and 12 1-3 to 12 3-4 cents for summer.

Potatoes brought 52 cents per (IO-pound bag of Quebec mountains, darks, and 57 cents for lights, while New Brunswick mountains were 62 cents and Prince Edward Island cuntains 85 cents

Currencies

Preaa 22~With marbete closed for the Eastm- holldayl, buolneu on New York foreign exchange markets wasataawndatilltodayandrawa were purely nominal.

The pound sterling at $4.85 and the Frenchjrn-no 0.50 conic both closed unchanged. The Canadian dollar finished the ti! at I dia- ommt of 18-32 per cent against 7-15 per cent Saturday

Lady-Duff Gordon -Dies in London

LONDON, April IP-(APJ-Iady Duf! Gordon, one of the last of the dwindling survivor; of the Ill- fated ‘manic and elder clam- of Illnor Glyn, the novelist, died yes- tmfay at a Putney nursinr home.

wan her husband, the late Sir Colmo Edmund Duff Cordon. Lady

s.

Duff figured u a witneu in thr conducted in England into the 1012 dlaaitor. Both bad

moped the sinking lhlp in a llfa-

t. . Ibrmerly a well known mmte. hater holidayl with their grand- and maintenance cf the short skirt.

than »

closed for all business transactions

$8.75 for bacons, fed and watered;

ORB than $160,000,000 a year-that is the sum ‘ which Canadian policyholders o: their benefi- ciaries have received on the average, during the purl five years, from Life Insurance companies in Canada. In the next five years these policyholders will receive an

even larger amount.

The large payments of Life Insurance benefits, made year by year, are the result of self-sacrifice on the par: of 3,500,000 Canadians-thrifty citizens who have brought their savings together in Life Insurance funds, so um

security for the future.

Through the distribution of Life Insurance funds, the burdens of (he widows and fnherless are eased-

Guardian of ‘g

Canadian Policyholrlers or Their

A Beneficiaries have Received $800,000,000 1N THE’ PAST FIVE YEARS

Through their Life Insurance Sayings

they and their families would have necessary financial .

TM: alcaflununl fa Nnmbh fir“ of Yd o! wrangle uplulnllll 1h: rlgnt/imnea of Hindu“. ‘Reverie?’ and ulna- Lilo [manna urns.

children are educated-Independence is ’ for old ngc-familiesareasisiodintimeecffinandalmua.

g ‘months national standpoint, time citizens who have joined together to provide for theis own financial future through Life Insurance, have performed a public duty. Theii-Lifelnsuraaoaaavinga havclessaioddn number cf people on relief. And the investment of their savings in Life Insurance has provided working ‘nipini ‘ n» Dominion ind Provincial Government; Canadian cities and municipalities, and Indus- tries, farms and homes.

Incbefunircuinzbepaoglifelnsunnoewillcon- dnue tcbe the “Guardian of Canadian Hamel’.

A Life Insurance

. Canadian Home:

$4.115; 5.5a; Italy a

NE W YORK EXCHANGE

By Frank MacMlllen, Associated Press Financial Writer (By Guardian's Special Wire)‘

27;

GRAIN

(Johnaton and Ward)

tlona concerns advanced to new

highs for 1035, including American Qilu, Telephone, Public Service of New 3. Jersey and Consolidated Gas, and w», m’

the Associated Press average for 15 stock-sin this group touched a new v _ peak for the year at 27.0, up .6 of a _' ‘ -

point.