A MARKET

1,, Ce

1,, “Mun Writer) _

‘out,’ h, ., Mlfiih r-a: l new sversge 111811 1°

willllillfil we In"; hour, stocks

and finllhed with

l

literate neidufll market. conforming

w m,“ patterns in that the ‘M417 w“ unable to hold enough simceu, penetrate 111111 31°11“ 1" will? 1e margin. Also, professionals elm“ in b3 pravillilll’ l! 13189 P1111- new” lam“, Transfers totalled 1,- 111 ‘T9 res

' were brought forward 7M4," :1. the early riss. Oils de- ll mwnpm-ary consolation from the 31"‘ of a federal gasoline (or. n nl of rails to respond lphvior of the list tcmptcu profit-taking. Lolcphblle dropped all day, ’ points lower. lt wos_the the so-cnlled pivotal is-

“ h, o" reports of pe

lest 01

. f ll f r some of the iiyllrf‘:u’cillo"|zplgiliii‘1lli1fX15102, wbictl: ware ‘d, l. bert rose s er c-

. liter 08111:! ‘gm dividend. jings in 103i. shares to the extent of 4 Steel, American Con.

‘tide General Motors, Du Pont. Con- . him-d Gas. international Telephone

i ,1” Associated Press

. b‘. 15cm, Westinghouse, Union Car--

ES TERDA Y

GOSSIP

fraction to sbout s point sad bell- Csnsdisn Pacific's recent sdvasco was interrupted. Central ltailrond of New Jersey lost 10 on a few sales. Another sag in French francs co- incided. with the release of s mod- erate amount of foreign gold from . Belgium took s little ruefaL Comllerstively little interest attach- es to tire gold movement now that the Giliss-Stenglill Bill in force. There were fresh reports that e lhinlr of England would see fit to cut its discount rate this week.

ltoek Averages (Copyright, "II. Standard “ Co.)

March 7 60 ind. 20 rr. 20 ut. 00t Today . . . . . . s . 07.7 30,0 1008 70 Prcv dav .. . 08.8 37.3 110.8 71. “Tel: iigo . (13.4 34.5 102,8 65 i) Month ago 59 " ‘W4 9i 3 til 1i

. Iii-Li) 100.0 105.2 140.1 . 212.3 135,9 212.6 100.7 . 108.0 108.8 102.2 100.1. (18.8 30.8 110.8 71.3

Year ago . ,

5 yrs ago _ IIitfh (1932)

. (‘-0.0 30.8 92.8 . “ 1,0 281.3 205.8

1'0"" (1032) . , . . . 57.4 30.0 02,2 50.5 High (1031) . 140.2 106.2 20.1.0 144.3 Low (illlii) (i1 5i

WHAT T!!! STOCK MARKET DID:

Mon. Sat.

Number of advances 215 303

nlq-ivoolworih ensued from I mnior

iliontreal ‘Market . ' , Siileiights

(Canadian Press)

_' REAL, Que., March ‘i-Tnklng from tho market in Wall slrcei. wilt-re an easier price tend- my llovilliiilkd, values were inclined W 15'] off in s narrow and in the mph dull list on tho local exchange in toll:i_v‘s session. The market hero n: Willifliii pnrticillnr feature, with "mnjor portion of tho activity cou- Jlllliilli! to centre in the three inter- ilned lssilcs. ell of which reacted un- der the. influence of the market in ,\‘¢u' York. The selling movement in liuuhnrilois on the curb attracted thlrl niil-niion, 17.548 shares of that iuue changing hands nnd closing bk lolrer u! i114. he day was without l’ii'iil'll ii

w h

liileet can be. looked‘ upon as n reli- souable development, in the light of the important rise recorded lnst week. When consideration is given to the priiculariy unfavorable conditions aiull-r iii" newsprint industry oper- iltll during tiio past your, tho show- n; of ihv Abitibi Power null Paper

(‘unpnn s revealed in tho 1031 rc- Ion plllvli red today run b0 rcgurdiid srercdllnblc. interest charges were . unlcd lv_v substantial murgln, while

the administration showed n complete to incl-t conditions as they ' nut b_v ii spccilii write-off nmotlut- u; to ovcr .'l.1i'.: millions from in- rulnrilw io bring them down to cirr- 1 mu vuluvs. ‘

9 PRODUCE

(Canadian Press)

,. .

_ li0N'i‘lll-I.\l., Quc., March T-‘Pricés rihu rugs, chccsc onii potatoes unchungcil on the produce pui duirv market hero today. ' .\u 1 Quebec nlid western butter. in all or broken lots, wus quoted » i» 2-1 cents a pound. To retail- s at ‘At-to ‘J5 cunts and prints to ‘Ii cents a pound were also

_ llvrcipts were 24 boxes. h (intario and British C iurnbia pnlnl rugs. in cnrlots or broken lots. ven- firm, cxtns bcing‘ quoted at 20 in it ‘cools, fir-sis at 27 to 28 cents

vie-corals at 2i to .22 cents a doz- - l -

To rl-ihilers storage extras, in nrl s, \i'i‘l'0‘i‘l\i'50i1 one to two cents n‘ rents ns previously announced Wlih rionlge seconds being up two to time ccilis at 2-! rents a dozen. Other

Junalloi were steady. Receipts wcre till I'll?‘ (urrcut l-hccso wns ~quoicd nn-

dhimd at 101,‘, to 11 cents with sum- nlrr inllko at 1'.’ to 121,4; cents a pound. llrvciilis were J18 boxes. 71'” imlilifl market rulcd firm, quo- irtlops or broken lots per 80 pound 1m: helm.’ Zlil tn 40 cents for Quclicci Whites null .10 to on cents for Quebec Furl hcvvdlrunsivlck p-rccn mountains. "1"! ilrwcs were tcn cents pcr bar- rt-l cheaper.

. Foreign Exchange

‘hllvéi a. out», March 1-(13: rel’ 11 Prcssl-llritish nnd for- “P °> Illllltc in relation to the (Irin-

."i1‘l lollur, us compiled by the lioy-

xihllcnilzr of Canada, closcd today ns g i“ "Wu. peso. 0.230s.

IuIr-ilul. pound. 3.1203. l “""'- *'111111"i~’. not quoted. . a" lili, boign, 0.15411. . 111;] 1. lullrcis, 0.0704, ~ ‘l-"m- 11"". not quoted.

‘ "111101- lioug Kong dollars, not quot-

: '- i l £22221‘.-'*1?1'5'7"*~1l°"°' l -'.‘. pen ,

1 Hump‘ iragoéioat quoted. o. 0,05 (l.

I Q M- Iemrsoa o Co. I-mrrso. MM" Qlllen street u. m. o. e, my.“ P111110? Alzlition Sales

se 1""""'I be: will at furnish-

: Rmm" “We b1 swirls:

z unlaeT-Plla-ialaa. Mt. 8am- ‘ Rrereuume s;

é Alfred Fraser, Inc. ‘ ‘N11 "lib Avenue

l. en York, N. I.

Number of declines ‘iii Stocks unchanged . 108 Total issucs traded . 544 Miscellaneous (Canadian Press) ‘ NEW YORK, N. Y., Mar. 7—-(Cot- ton)—Cotton futures cioscd quiet.

004; Apr. 600; May 701-05; June 702; Closing bids: Jun, 705; 1.; Mar. galy lgmzdériliupi.) 728;7ugepg. TEIhIOctI. ; ov. .11.; cc. . ‘pet coec quiet. hllddliug 710. LiVGl'[i00l:—-Cnlt0u, spot good busi- ness douo. Prices ll points iowcr. Am- erican middling, fiilr (Jill; strict good mlllldling tlliltl; good middling i376; str i-t mllid ug sullz" mlddlin 550; strict low middling 551' low rugllldllng hi1; strict lurdinury good ordin- ary -il)l. ltcl-clpts wer 000 irlilcs in- eluding 1,700 America

SUGAR

I NEW YORK. N_ Y., Mar. 7-—Raw sugar wns tmchllngcd tollny at 2.81. fur spots. Rvflilflfii scclucd willing to piiy this price, bilt offerings, except for some nouvbv lllliy frees, were generally liclll at higher prices. The only suics confirmed were 257,000 bugs of Philippines due .\1flfi‘il l-i to n lo,- cnl refiner and 27,000 bugs due .\fnrch 18 to an outport refiner nt 2.81. l-‘iunl prices were Ii points lower for the spot Montreal but_1 to 3 points illglicr on latcr (lcllvcrics. Approximately eales 14,050 tons. March closed .80. May .81, July .83, Sept. ,0”; Dec, 1.0i, Jan. 1.00. Refined was unchanged at 4.16 for fluo granulated with llcinanli limited to nearby rcquirelneiris only. '- M0\"i‘ili<iAil, Quin, March. 7 nr- lny, (‘nunllluu “'0l~l1l‘l'll no. fl .51;;0ats, (‘nnndirin western no. .'l ..'l.'l; n. spféeii, 1 .751: flour; spring wiicnt patents, 20 flour, seconds 4.00,- flour, bakers 4.50: flour, vrlutcr \\‘l1Piit‘>fl[- ents, choice 3.20-3.30:

20.75; rniddllngs, tou 25.75; rolled oats, bag 00 lbs. 2.05: iiliy no. 2. per ton. cor lnis 11.00; cheese, current _10-'_\’,-.1i: citccse. summer .12-.i2%; butler no. 1 finest .' eggs fresh ‘IDPNIIIS in cartons ‘l0 l7 eggid fresh cxtrns in cartons .- "

frosh firsts in carious .3 eggs, storuifs firsts in cartons eggs, storage‘ seconds in carton. poin- ioes. Qnchcc. Rodin bag ..'l - |_ poin- tno.. New liruuusivick, S0 lb. brig

fill-Elli.

Fish Quotations

(Canadian Press) BOSTON. Mass, March 7~'1‘\vcniy five vessels arrived at the fish picr today.

WHOLESALE QUOTATIONS cents per ll». 7 o S

Largo cod .. t Markets . (i to 7 Pollock . (l_ to 7 llnlldock . 711/110 7V; ilnka .. . 7 U) 3'») (Tusk .. . . .1 to (i llcluon soles . ‘i5 to i0 (iray soles . 1:! toifl Flounllcrs . 41,5 to 11.

Grain Market

(Canadian Press) (‘l>llCAG(). lll., liliiri-h 7—-Wlicnt Prices underwent a iiocllictl setback

lute today after announcement tilnt ilio United Sthtcs visible supply show- cil 4.037.000 bushels incrcnso for the wock. On n itreceliing bulge, Septem- ber ill-livery of “lilfiilt (‘qilllllvd i110 seasoll's.top quotations, Apprehension of crop dnlnngo by the cold wnvc wns largely iesponsible,_ toilvihvl" W111‘ sterling nt u new high fnr'illc .\‘i‘ili‘-- win-lit rlnscli unsteady, "lris loner tiinu Snturduyfit finish. (‘nru jl-‘fa (|n“'|\' mm; I'd-i’, off, nnd provisions varying from two cents decline to nu cquul Rain. '

BONDED WHEAT

saw vomc, ‘N. Y. liinr. ‘i-Bvnli- ed wbcat closed 1y-

h 131w uciqclm?

.. ' ("--.' - "-'l- 5715i. i/l 6i” flan-w; Oct. ... ... i141 '11“?-

\VINNIPEG

lvlNNlPi-ii]. Man" llfnv. ’f—’i‘he urgc “m; pronto prouipicll by sumrt advances on Saturday anli early 1°‘

day proved irresistible to traders in the grain nit todny and wiicnt ("MINI pricce suffered as l_\ coillfiflllfliilc- values at the closo were ‘Xi "1 ‘if: 10W‘ er than Saturday's filial fl5"1'°".

May dccl"~cli 1,5 to (will: July 1/1 to u. at 0a,‘, nnd Octobcr as t» 7° l Firm quotations nt Irlvorilflvl "i" ‘our! buying against export at Vim]- couver created the npculiii! strcnsll burposting of increased iiniird Slate! visible guppiy figures brought about some good selling. This pressure incl with slim support end values "(NW1 to the low points.

Foreign demand was disnlllwhiu"? snd statistics while shnwinlf 1W1"? consumption of imported whvnt deficiency countries, iilso showed n very smsli proportion of ihcsn for- eign supplies coming from Cnflflllfl sad the United States.

World shipments of win-lit nud flour inst week amounted to 103M100!) bush- els. an increase of one and one-half millions over the PI">\‘1'"" “"“"" North America's share of this amount- ed to only 4.456.000 bushels. a 1M1! more than the previous wrait-

gralns was indifferent ivltll IPPPM1

showing practically no chant!" 0"!‘ the week-end.

(‘LOH WIest:—3fl|y MVMEJuIy (Kl/i @1-

oitu-usy use; July 11A‘. ,-

. i} 1

jorrcll. J'linridl:ll| (‘olive ricrs.

‘Al- 4. Basil Johnston. .

Trading in cash wheat and more?‘

llVESTlliIK 11111115

Mogrnmgfiltnsdisn Press)

tie receipts w-.~3.-“°i'1§-,"§,°,f‘° A’??? Montreal livestock 'iliil1'k(K§‘ tool‘?

Buyers and sellers wcrc slow at ur. rlvluk st n basis for prices o.“ um“, and there were but vcry 1"“. curly sales. One load of couriuosmto st fair steers of poor typo sq 344m Odld smsli lots of pliiinl ht steers l" dcolxfiglgs 311mm Iii-ii nnd mmnll lots ll I '

around $2.50 to Siifr-lmm Lin" mm

Lalf receipts were 1,-i'.‘0. Them w" an iucrcuso of ncnriy 700i calves, as compared with lust .\iondu/y's receipts. '11"! (llllillly Wlls only cauirnou to just fair you] calves arid those nvcre selling at 7o cents to $1 per huntired, lower. The blilk of the sules wcirn made be- tween $5 nnd $5.75 with u couplc of loads of the host vcnl calves at $ I0

e n

as" 515C

Draft

(Continued 1mm Pace 1)

Canada along with the rest of the world 1s in the trough 01 i119 deepest depression known in 0111' civilization, Mr. Strong continued. and in this situation, Prince Ed- ward Island has suffered e100! with other provinces and count- riesflrhe first olass to suffer has been agriculture; the next to feel the depression has been industrial labor. Previous depressions in this country have been more or less spasmodic. On other occasions there was always a. large amount of labor required in the west, in

Just pluiu vclils liruuglii, 1u-uunq unll vcry common light voulg drinkers ‘were sold around 3i to $1.30: grass (‘l1 FBI ' ' i h 2 to also‘ were ucg ell up at 8

Good and choice vealii; common gids-nlgdilim $-i,to 80.50;; grsssers $2

Sbi-cp receipts were 110. One sniull lot of Just fair elves wer sold around with sheep and cold bucks at 3.1.50 to S-inowlth an odd buck linmb up to

Quotations: Ewes $3.50 to $4; com- $5.00 to $0.

Hog receipts were 8,048., Hogs were about steady to a shade easier. Sales were very low. The wcsoern provinces offered around .150, Qulibcc 500 null Ontario around 2,200. About ten loads were sold at. tiino of ‘writing at $5 for bncous, butchers and lights with s couple of loads up to $5.10 fed null watered feeders brought; $5 and sows were moving slowly at $3.00.

Montreal Stock Market Quotations

ii

MONTREAL, Que, March 7—(lly the Canadian Preach-its first set- hiicir in seven sessiami was suffered today by the liiontvunl Stock Ex- change. ll group of fractional losses developing in sympathy with a wonk- or movement lnlNew York. Trading volume dried up with the weaker movement in the ilftcrlloon. the great- cr hulk of sales bl-lu in the umruing. The price movl-mcu 1 was vcry nar- row lol-uily. Popular issues such us luiornntlouni Nickel, Cgnuliiun l'n‘cific. Nnilonnl MM Cur. Efliiilnn omit-lion nnd Ric-Cull Fronts-um; upcncd firm but jollicd in the lathr casincss. (‘on- solldntcli Smcltcrs urns ll prominent exception, advancing to 74 nnd cloa- ing tlierc for a uct nln of 11/; points. Profit-tilklug dcvcl lpcll in l‘iinnlllnn, Pacific lluilivlly which issue closed nt 201,14, down 1% pants from Saturday. Brazilian was of H, nt 14%.; Nickel nt ill/hi ll. (I

'5 o u

off 1,’, . Power "A" nnd "3" lost 1,4, ut 231-’; llud 7, respective- i_v;,lilc-Coll lust 1A lit 0% ulid Na- tionai- Steel Car cast-d ‘l. at 11%, I

in addition io fllncltcrs, Winnipeg Ell-civic nnli (‘linndlsui (‘or were flrm,. Winnipeg gaining 1,“, nt 5% and Cor;

lit 7%. I Contrasting with Vhc stock exchange the bond department wns decidedly. firtn. Victory Louu ‘i037 gained $3 nt‘ $108; >l\’ntlonnl Service Loan llHi. was $1.00 better at $08113; Refunding lilid firmed ‘J0 cunts ni: $03 mid blontrcltl Tflllil\\'i1_\'1i first; unortlgngo was up if; at iJ'."/_-. Totnl sulqs __l~ro $7.000,

Sales on the 011m. gu were 8.174 slillrcs lrolnpurcli with 8,507 on l-‘riilny nnd 21,00! on till.) corresponding tiny of inst your.

Sterling cfoscli list $711190 and liult- cli Stilton money tat u prciuimn of 1i per cont.

i MONT ll l-1.\ll, Him. T-(IW the ifnnniliun PPcssy-l-lifcc vc o- lnorrow morning, minimum prices will ho rclnovcd nu ii group of ion aim-ks, tho hlonircni seal-u i-lxoliungi: ali- nounccd ioduy. Tit-c issues arc: Alluri- tic Sugar, (‘imlilli-‘ili Northern Plnvcr, (‘anndilrn llronzc ifolumon null Pre- (‘allud- lnii Cottons, l-lustoru Dulrics, Jamaica Common null Preferred. .i. S. lilllclicli. 0n other lsslues the following rc- dliciions in ml imuni prices will ho lu effect: (‘nlinl Jun (‘l-izlncim Prefor- rcd. from (l0 tls 50: lloinluiou (links. from 75 to 70; tlttaivli Lilzlii, lil-ni| null Power, from 104 to 100: \'luu llis- cuit Preferred" ifrom 75 io Til;

The Montreal Stock; Exchange"

Mu rch _

(Q sliilll Inn Press)

Stocks lllgli Lowiiflosc Asbestos I'll’. (l5 uo [no llcll 'l‘r-lcph no ,. .. lll) lilildillliilTk llruriIQ ., . ,~..! 11'}; 141,4, 111's it t! Power A _. . 1 '.’-‘i‘..w 1i C Pouur 1i _. 7' (‘an (‘lir l-‘ilv ~

(‘nu l'(‘ll1l‘ilI. (‘nu (‘c-moni. l‘fil vim Steam Pill . (‘lilmdlun Pacific Fons M Sliioli. liu lirliigo ilypsum .. lut Nickel . _ Lake. of . ‘luv Woods . hint-soy I- nvris .. .. bio-Frontenac n’. lilout Ppivcr .. Nat Sim-J Car Shnvvillflin r Steel oi (Jnnndlt Winnipeg Elceirlo . BA

(‘otnmclflie ... Montreal ... Nova Scotln ... .. lioyni

FORJPUNE BRIDGE SCHOOL

The standing of Ifor-tune Bridge Schocfi for the month of March:- Memliz- 1

Grade X—1. Gladys Altken; 2. Elizoibeth Francis; 8. Clare. Burke;

Johns- George

drmie VIIl-d. Dorothy ion: 2. Hilda Phone's; 3. Di : 4. Edward Francis. (‘Jrnde VI-l. Maggie Dingwcll; 2-. Thelma Jackson; 8. Edna. Burke; 4. George Francis. (Patriot Please Copy).

llarleyr-lfa-y 435g; Jui-y-‘fllifl, oer. 42*)“,

liII PRICE!

I idler.

the larger cities and in the build- ing of railways. Today the con- ditions are different and persons who have invested their money in the safest securities available, find themselves without any income. In the Mother Country, gold stand- ards nnd other standards have been thrown into the discard. There are, however, hopeful signs in Canada indicating that our external trade is experiencing a. revival. Perhaps the best hope lies in the forthcoming Imperial Con-

summer. It is expected that at this conference a. great step for- ward will be made in co-ordlnat-

Commonwealth. .

Continuing, Mr. Strong expressed regret at the low prices prevailing for agricultural products. Unfor- tunately the farmers in his con- stituency went in largely for pot- ato growing. The Government has -done ‘its utmost to have _ the British-embargo on potatoes re- moved ond is to be _commcnded for its efforts in this regard. We are all disappointed that the Brit- ish Government has refused to lift the embargo, despite the rep- resentotlons made by Canadian delegations, showing that the pot- ato bug, the alleged reason for the embargo, is not carried in poi;- ato. shipments.

The speaker felt sore that if the embargo could be removed, the present congestion in the potato market here would te cleared up within two months.

New Portfolio

The Government's good fortune in having a. man of the ability of Hon. DrxvW. J. P. Macmillan, to fill the portfolio of Minister of Health and Education was refer- rccl to by Mr. Strong, who review- ed the career of Dr. Maclviiilon and his activities in connection with the work ovcr which be now presides. ‘

It was o. matter of congratula- tion also that the Province now has a. mu time iicéiiri officer.

Efforts made to improve live- stock production were also refer- rcd to. Boys and girls clubs were organized a few years ago through co-opci-atlvc efforts on the part of. the federal and provincial govern- ments. for. the further advance- ment of the livestock industry of

New . York "Quotations

(Plsundlnn Pre

sun-is r. nu-lvlosc Allied (‘hr-lnicnl .. I,'| hi“: ‘ .\lllvll‘ll'iill i‘:\u' kl 71:)» Am Sluoliidlg llig. ill All '.i‘l'l To! . . . . o Julill ‘j .'\'llili'Iili(1ll (upper 105g; lllig, Aivillsuii . . . '- l N":

Auburn Auto . ilnltluiorl- (riilo . Bethlehem Sic-cl ilriggs . . (‘nmldillli Pacific: (‘uslf 'l‘ilrcsi|iug (‘liryslcr Motors ._ (‘oi this l-lll-l-Lrlc (‘oru Products l-i 1 l1llilillli. . Power Light Flux Film ... ... . (iourrnl l-iicl-lric .. (lcncrnl Foods ._ (icucral Motors .. (loll lluliivny Signal Goodyear llubbcr . llousitvn Uil .., I iludsuil .\loinrs .. i_, b (l lfupp Motors ,.. 4 int iiurvcsinrs . lut lllllich Pfd lut Nickel ... .. lut Telephone . liicnllecnit i.‘ linluhcrt o1.‘ _ . Missouri Pacific hllssoirri Pacific l‘fd Montgomery Wlird .. Nash lliolors .._ New York Central .. ll.‘ Pllcknrd Motors .. .. Pnrniuouut Plibllx .. Public Bcrv of N. J‘ llaliio Corp

L i

....|10 iladlo Keith Orpb Soars llonbilck .. .'i Sinclair Corp ...

Jiouthcrn Pacific . lioutiicrn Railway Standard Brande

Whcatz- . 1 liarli 005-: no. 1 nor. Texas (‘o .. 15%; no. 2 nor. 0151;: no. ll nor. (37%; 'i'oxns (iuif Sulphur . no. lifi-‘li: no. ii iii-ii: no. ll 4014i; Timkrn ltoilcr iiclir feed 44%; track (i515: no ir. 80V» llnion (‘orb Car-b Onts:—-.\'o. 2 C. W. ‘M; no. ii C. llnion Pnrific .._ W. 28%, cr. i feed 27-h: no. 1 feed dlnlted Aircraft _ 27: no. 2 food 20; rcJ. 22%; track l'nitcd (‘orp Y“ l \i liin grades 0 row cx 1 ilfliifin (i111! Imp sr oy:-. n 1 . . u or 8C. W. 44%:2¥0I 0123C. W. 43%. ll Bfltecl . Otherdrrsdes: Io. 8 C. W, 407a: M- Vnnndinm Steel . " 4 C. , 89 t no. ii C. ll. 31%; hu- Warner Bros. n0. (i C. W. 80 : track ‘iii _ i“ csiinghnuse Elcl- . lilli, ’ H"... lVorthington Pump , l ill-i,

mva

ference which meets at Ottawa this.

lag all the countries of the British‘

THE CHARLOTTETOWN GUARDIAN

BOND Q

g AffdYGSS

the Province. In this connection Mr. Strong said there were tulelve calf encl heifer clubs in the Prov- nce. Judging teams from curb club attended the Amherst Fair where one team representing the Province was selected to enter the all-Canada competition at the Royal Winter Fair. “This which was composed of Miss Hope Jardine and Mr. Elinor Waugh. of the Freetown Holstein Heifer Club, captured fourth place in the cun- petition at the Royal, making r. highly creditable showing.