PAGE SIX

Romance Pathos

Outcast from society _ down and unter -- as weary as muddy waters in a

lun. Bnt Love lnalllrod to speak his sorrowful through the genius of lniulo--to fight for the better things in life the way he had fought for the bad.

THE CHA WN GUARDIAN

, - _ > ` _ _ . A. I V ._ _- _. -_ -I. -~ V., _ Qui.. I 1 _ ' V “A -

i ' i _ _ . . '

' .

'_ i

PRINCE EDWARD

TODA

HURS

I-Ike the rippling lllel0dy I “mil” l1°ll‘t, call ills' to a pal that had forgotten i

Weary

River

H A n D WITH

flame

€ E ` - 3 Q W E __

_ and

Teemlng with action - ineinii 'wits thrills - loaned with l\llP¢lll°- brimful _of romance! reirii love this :wil Mig picture 1

Also COMEDY

And Znd Chapter New Serial Thriller “FINAL RECKONING”

sulent or the promoting syndicate* disappeared and his present where-

onto Real Estate Board. Canadia Association of Advertisers and th therefore that the activities cove

of the principals behind the proinot- Mining Exchange, :mail Merchants' -

l t nt B l,°,,_ ,.1 or ,meh W Pubmed in _ ‘muon of me Bom of Trade’ “_ . - ce sraivnann Mlm a rlxciuilvoa ta, ,ed 0 hd

nves 'ne ankers bulletin with the result that me pre- 5 .

Association Meets

AKI LDDGE Ont June 18- 'made to improve the publics under

work of the Better Busiriess.stl-inding of lniestmcnt matters gen- This, the speaker slid, is one au of Montreal and Toronto in,eraliy. With tliis in view the associa- 1 were made last year we convictions e , . _ , _ _

. 1 i

lic

(Special to The Guardian) bucketeers, but an effort is being SEVENTEEN C0Nv|¢'n0Ns

IN U _ . _

cting the public from fraudulent iion is assisting in the preparation of of the many cases which the bureau otions and advertising was re- ,a book on investments sponsored by , has had to handle. Seventeen arrests ed by the chairman of the com~ §Queen's University which when pub- lin each case and penalties ranging ce on business conduct of the In- ilislied will serve as a text book and ifrom three months to three years."

nent Bankers Association of iguide to the Canadian public in par-‘ I-le urged the need of having ns ida in convention at Minaki iticulnr." . ,many bureaus for gathering facts as e for three days this week. Spenkl - lpossible. There ars some fifty af-

e for three days this week.l A $4,000,000 SWINDLE NIPPED rfiliations in this Connection It pre- kers included the president of { I sent. Experience has shown f,li|,'¢ pub. issooiation, Harry Ford of Winni- Through the efforts of the Better flicity is the most effective way of E H Fuller of Montreal, chair- |Business Bureau during the past YUM. i Ch9¢k1I\8 the YGVBBM of the unscru- of the Eastern section and A. is number of questionable proposit- I pulous vendors of fraudulent securi- ye Macrea. of Toronto, chairman lions never reached the public and ities. In practically every case where e Central Section. iprcmoters had to leave the district i the bureau has issued e. bulletin. the vestigate before you invest.” the :in which they were operating, E, H. ioffenders went out of buisness with- lenf. explained, "constitutes the iFullar, Chairman of the Eastern Sec- !in o. few weeks. Mr, Fuller praised function of all the Better Busi- i tion. told the convention, Citing a i the work of the press in directing the Bureaus Such good work has specific instance he pointed out that iprosecuting work.

dong in the past year by the learly in May of his year ia. syndicater `

real and Toronto organizations *signified its intention of establishing, THE TORONTQ BUREAU

another bureau is being organlz- ian office in the financial district to Winnipeg with the co-operation 'offer the public securities amounting e Winnipeg Board of Trade." Ito approxinfritely $4,000,000. The Bu- ireau was formed during the past only. he said. “is it the func- freau, by its system of gathering in- iyear, composed of representatives of

L _ ` .

Y l

The Toronto Better Business Bu-

of these bureaus to warn the formation from similar rissociationsithe Toronto Board of Trade.Toronto asaimtthecwdeivnes oi stock tin canada inn the United states, stock Exchange, standard mek md

lerr, professional promoters and ‘within one week obtained informationof Canada. It will be been `fac¢,°,- Combined in the early part of

§ i' I

I, l ._ _ _ l

a.-gztan-4-_-ax-ws...-.._~ ...,__

:ra _:__ - -

»¢s...s.-,...

......... an

i .

_..__._- ‘ ‘ rw" `" ‘ _--_" -___- _ \

A little thing F '

The power called habit is a little thing $.51; but it can pull your eyes open at a certain hour

every morning, determine whether you dress

the right or left foot first, drop a fixed amount , ‘.-if sugar into your breakfast coffee-free your

mind for thoughts that demand actual choice.

The little habit of glancing over these _adver- ing' columns daily, checking this and that

.which appeal to you, frees your mind from any] guesswork about the merits of a product; helps

you choose wisely when you buy. If you are_ familiar with advertisements, you can dis. criminate merits, weigh one product against

another, these truths against those. 'And the

‘.25 no

\ S

“mu” 1-’ \mk“°Wn- not only fraudulent securities and

stock promotions, but dishonest. mer- mlfidislhs of goods or real estate and

niisrepreseritatlve advertising,

more importance bo the investor the year to come than in the year past." was the prediction made to- day by J. . Alrd of Montreal in I speech made before the members of Investment Bankers' Association of Canada. now sitting in convention at Minaki. Mr. Aird ventured this opinion while reporting in his capac- ity as chairman of the Eastern Bec- tion on corporation finance.

"It is doubtful.” said the speaker.

"whether a parallel can be found within the mlriory of our Associa- tion or indeeiii for many years before, where the clash between the stock market and theindustrial bond in- vestment found the latter so badly worsted, The huge and plentiful for- tunes built up_ in stock market, trad- ing over the past. year, proved the temporary undoing of the industrial bond. market. The former ever-pre- sent stable type of investment buy- ing was transformed over the whole country into speculative trading. This

the year 1928 with a lowering of in- terest rates, caused a distinct change in the method of corporation finance. Straight common stocks of converti- ble bonds and stocks made their ap- pearance in increasing numbers."

F i

;]__ D* rc

habit of buying only advertised goods takes 'the hazard out of shopping; puts in a good sturdy sure.

f if-aw

_<'i`=2ir€ it fi-crazy mile /.2.1..°¢"i/.hi 1

will pay.. Read the advertise- ~ _ ments in these columns today

r 1 1

$850.000.000 IN STOCK ISSUES

“Tl-ie public craze for common

securities lead to a regular avalanche of offerings on the part of corporat- ions. Many companies decided to re- fund existing borids. finding the ne- cessary cash through the issue of new common stock. It was a case, it al- most seemed, of 'strike while the iron is hot’_and there was so much of ii that the iron has become cold."

"In the year 1028," Mr, Aird said,

"offerings of common stock by cor- porations to their shareholders reach-

MINAKI LODGE. Ont.. June 18»-

"That we may expect 'yield' to be of

i 4 i

Should Girls Marry

AND COMEDY R,lo_'r

' L “TEST or Aw arilllsrfgli rloruass

Z i . .

ed .I tom or 660'" ' ""*"'§f""'*”* tends hearty congratulations to this this was. the monthly average was ___ en y un: y'

l . *-

f.:;i;;';i“.:'; 2;: qv-"°~ W- M- w°»~» »--»<»»»-A ~»--

tothe end of May no less than $374- of Aiwa" Q co" chulaneuwn motion ocwrnd on the wwortmnt 000,000 in new stock issues were ce' Noon C y°°”rd.y ‘wut nom 'hen ne"

offered to the public bringing the total of the seventeen months ending May. 1929. close to $350.000.000."

SANITY RETURNING

Present indications, the speaker

thinks, points to s retluui to more normal investment conditions. Many investors who thought they were good Slleculators have been cured, Interest rates are higher and we may expect

investor in the year to come than it has in the past.

Canadian industry he thought, was

in a healthy condition, although he believes there are s. few which could

all look forward in coming years to in-

lnvestmeiit bankers would give more

the fundamental basis for investment funds.

purpose about half was passed before the committee shifted to other de-

partments. ~_ _

" wainweii oil .. .49

At Work

For the Man Who Cannot Smoke

Favorite

CHEW IS

yield to be of more inportance to the 'Bunker mu 'owl

be placed on a better basis t.hrough‘ F°°mm on & G”

'i-¢eeniei£ I _.N i4 " .

.- .

CAPITOL Today

4 ~ 9 E D W A

_ i

PRINCE

Starting June 24'

. CANAD I AN

EGION _rasscrrrs

"<#~aii~

, Yr - .°“‘“v~\\'-'

year's course in /five and a half

, N , months and after several written ex-

? _ _

Onderet of the Conservatory of Brussels. Misl.McGui(an .through her conscientious study took a. full

aminations in which she was sue cessful she passed her oral examina- tions on June oth. before the Board of Examiners consisting of Professor

ars raolvi§` . w ' i.ac.1oN iimmnnas 'ibw T"

Close 8.158 .00 .29

_ 1.18

.ls , .23 I 4.25 .29

31%

.56 .09

Abana .... ... $1

Aconda Amity Copper ... ... ... .27

iAmulet . . ... 1110 iArea ... .15 1Arno .... .21 iss. oil at cas 4.15 Barry Hollinger ... .29 ,Bidgood . . . ... ... .30

i'Big Missouri ... .. 1.34 ‘Buckingham . .05

.ee ee- ---

1.45 I .OHS

.10 .08 .45 .ll

10.25 4.25 8.20

Capital Rnuyn .. .08 Central Manitoba ... ... .45 Clericy ... ... .11 Dome .... 10.25 Dalhousie 4.00

consolidation or increased tuiff.,F“l°°nb"d3° ' ‘ ' '" " " “'70 "The consolhiations will no <leui»t,G““°¢1° .sais

come." said Mr. Aird. "but we can iH°m“3e" ' ‘ only hope for tai-liz help. on thcf`H°“`°Y "15 I whole, the country was never so pros- §H“d5°“ Bay " '~ 1675 pero,” ,,,,,..h,_, the ,,,c,,,,,e We, ,,,,_..1nter. Nickel ._ is

pear-ed,so bright and I think we can!Ke¢ley ... ... ... .~

dusgriai growth in gang.-ia»» 3l{ootcnay Florence .. .17

F _1_ Coombs or T0;-onw chan- |Lake shore 24.75

man of the Central Section. thoughti'M9~1BTUC --- --- there was no doubt that the reaction iMandy . . .90 in the stock market has had the good i Man. Basin . . . .. . ..

_effect, not only of curbing speculat- (Min. Corporation ... 4.00 i0n.b1ii also vi adjusting many values “ivicpougali .43 to ai more normal level. 1-Ie hoped l Mcynty,-9 ___ __

attention to income return on pro-'Nipimng posed investments, as this is after all Nomnda ___ 53

INUIAN p0pU]_AT]0N isheritt. Gordon ... ... ..

IS HOLDING |15 owluisiscos .. ~ ist. Anthony

ofrrawa, June ia.-'ri-ie in¢iien}Sud~ BH-=-in -

population in Canada is just aboutjSyl\'l111i-8 holding its own, Hon. charles stew-,'1'@ck Hughes -~ .- 8.40 art, minister of interior, told th€lT°W“3mBG --~ '-~ house in committee yesterday, Tncsircodwell Yiiiwn total number is approximately 105.000.;Vf’ni'“’e~’ --- --~ 0; gh, g4,5a9,5a1 in be voted for thisivipond ._ .8714

5.75 1.15 16-90 49.30

.48 .80 .17

24.50

.00

Kirkland Lake . .. ..

28%

.31

4-00 .M

16.50

.52

16.25

Ncwbcc .sa

.50

Pond Oreille . . »

Pioneer ... _.43 Stadacona... .0715

'L15

.61

.0'l%

8.30 1.23

1.85

8.25 .89

.02 ‘fi .02 86 1 .77 .49 2.35

west Dome Lake windfall .02% Wright Hargreaves .. 1.74

Baltic 2.30 Mayland 0.10 8.50 Homeoil ... 21.50 21.20

LETTER OF SYMPATHY

Letter of sympathy to the son of mu cud. Mwumn hu mind

the late William MacDonald. Glen hom’ mm Mmm” on _ ,hu w

Valley,

icy.

Dear Norman,-We, your fellow

members of Refuge Dviaion, Bona of

Temnerl-nee. feel we mint convey la of ber br-cum, an-. J. A. oenui- md

some small way, our sincere and heartfelt sympathy in the loss of your dear father. It is but natural that you should weep. for did not Jelus weep when a dear friend was taken away.

Oodhascalied himto thatgioat

homo where pain and borrow an un-

known. aaa let us remember that M°L‘"° °f D“°4“» *N lull!! °° ggmgglmg' .mmf or hgpf' 'Q .hm return tl) ull! 111| thi] Will.

a1'ibecaliedtothathome,andthen '”*"'

we shall meet lie loved once gone before.

, ~ . 7'. ‘i '

i . _/ `,.

Buy 'rick-__ if l

12.95 sick and took this means of getting

.33 clear of the ship. If so. his wish hu

_31 Halifax. and Mr. D. F. Mclsaac, con- _90 sulting engineer of the same concern.

_am arrived in Charlottetown yesterday

2.70 53.70 5.00 .45

7.25 .65 .lli 8.30 1.24 8.50

11.00

We would commend youu;

whohaa promised to bindu

Edmonton Collage the province to spend

-in-onnheeru or'

E ti

bfiiil lo! and" b`1euing` who mourn. -_

' '"’~’°""'“‘ °""i~‘°"""'°""'“‘. mn lame-ineaeim uit yum- ;f',:,°;f"f"°f’°'f’°“'“°°”*‘ldarosa¢ebmea\e»°oipmmnep.

‘licunfeeuaaiiozuummem 'c:n»zu¢cniviusn.’ _ -1'

l ' WlhI|l!rH.¥lDNald, _

his parents. lr. and

ii; if iii iii

Frederick Pelletier and Professor Rodoiph Mathieu. The result of the combined marks gives Mix McGuig- an her intermediate class certificate with honors. Her course was ls fol- lows: Theory-Solfeggis, Musical Dictation and-'.i'heory; Execution-- Arpeggios, scales, technical studies and concerioes The Guardian ex-

was broadcast that a young seamen. named Charles Kelly of the schoon- er James E, Newsom. had been found under the ferecsstie deck with a wound in his breast. When he gained consciousness, all he could say was, “Some one did it." He was taken to the Prince Edward Island Hospital where it wel' found that his wound was but slight. The im- pression held by the captain and crew of the vessel and by the police is that the wound Wal lelf-inflict- ed. There had been considerable trouble on board the James ll. Naw- som because melnberl of the crow wishing to leave were bound to serve a six months' contract. It is believ- ed that the young sailor was home-

been gratified asthe "James E. New- s_omf'v_!ai1ed yesterday _afternoon without- leaving his belongings with customs officials.

INSPECTED CONSTRUCTION-

Mr. James E. Gould, president of e standard Construction Company,

by the B. S. Hochelaga, and in com- pany with Mr. W. E. Hypdman, De- partment of Public Works engineer. inspected the new potato warehouse and dock which are now nearing completion at the Railway wharf. Work on this contract had com- menced early last autumn, and was due for completion at the end of the shipping season last year. Difficulty of securing suitable piles and irregu- larity in the tide levels which ro- tarded foundation work on the dock. are given as the reasons for the lengthy delay in completing the job. Mr. Horne, superintendent in charge. states that it has been one of the most difficult dock construction pro- jects in the Maritime Provinces. 'I'he dock is 45 feef, wide, 431 feet long within me weii of soils timber in feet high. The warehouse, which will be completed in a few days. is of the frost-proof type. 30x36! feet.. British Columbia Fir has been used throughout.,

*ami

PERSONAL!

her Dtrtntl. Mr. Ind M11. P. HCCA!-

Mias Jean Geena: of Amherst, N.

S., is visiting in the eiw, the gueet

Mrs. Gomer, North liver Road.

of Toledo, Ohio,

Amherst. li.

ohuro of Hon-

troal me bn eo- eoimt of the illness and subsequent death of their mother, Mrs. John

'E E iii; tel; :ot

Mrl. B.

Dr.!‘l\nkU\|n oelvodhildilrlool

si ,§~ a 5 5 itiiiti & 052?

C‘l'rr-. New Peril. his hospital duties

Atllvlfldeliowplilwilllbllpldll

5. _iq its E o 1 .. f 5

oxrriin Musician-Miss viv-

' lQL19”

ii ii

Central _guardian

one own-'me weekly Civ"

' dinner was held at Beech Grove Inn Monday evening with Gyro Frank

MacPhee in the chair. After the ul- Ur-

‘ ual business was transacted the Club U14 11!

was addressed by Mr. J. D. Stewart. -PN K, U,, who dealt in a most imprea- with a Toronto firm and expect.; ti sive manner with the et. Lawrence Waterways question. A wire was Ned from Preddent Giilil. acknow-

, lodging receipt of flowers lfrxozx

g ‘ 1”” ° Club while in the _Rove .

Q ` Hospital. Aft/er the dinner a very Hifi” MNH! furnished bl ' _ .‘ '-. ~ J I / lenieyisit since weeneiaintba beu »» 2 4 room of the Inn

.` \\Q‘ ;\ ,S 1 ` (X ‘

. ` ` .E '$~' Q. ’ - ,.' Montreal where she eftnt thc

V; " 'lest five and A half months

Q ,f Q at Marguerite Bour¢eoy's College

‘ ' - - Q specialising on the violin under the

' \./ expert uiwrsge or Professor Matinee

Mr. and Mn. P. C. Young of 1-0,,

onto. giotored to the Island lug week d are spending some tim, visiting Mr. Young's perm” It Wood islands. It is nine years sim,

YW!! his visited the Island

Mel mln? changes and hm

vements. Mr. Young is connected

locate in the Maritime Provinces if the interests of his firm.

are-v-f him, MONTREAL BTOUK lxCHANGa

Groelllleldl I Co.. Montreal, “ Stewart Jones/ A Co.. B8 ,Giang George lt., Charlottetown.

Quoted at 8 iv- m.. Jun. le. lm

ian McGu1gsn has returned from

Call Money iq, Abitibi 431,; Alberta Pacific Grain 51 Asbestos ... li Brazilian ... ... ... 59 B. A. 011 ... ... ... ... ... 47 B. C. Power .. -... ... .. 490, Building Products ... ... sill Canada Car ... ....133 Canada Cement 2715 Canada Power and Paper 301; Canada Brewing '13 Dominion Bridge lnill Foreign_Power Securities Fraser Company General Steel Wares Home Oil ... .. Industrial Alcohol ... International Nickel International Petroleum . Lyall Construction Massey-Harris ... ..

355 59', 32‘s 20‘L 29 49

46% 26% sou

Montreal Power ... lli McColl Frontenac ... .. 42'i fictional Breweries ..13:l

onai Steel Cer ... ...

oran

Nlti -.105 N' dl ... ... ... e.. »-.. 53

Sh Sm

wer Corporation ... ... ..1o~i

Po Price Bros. ... .. 8015 Quebec Power ... ... ... 70

uvinigm ... 7915. lters ... ... ...-i-05 l of Canada ... 53‘§

mans .. ... .... 42 a

Btee

Sl . Wyl¢amac1¢ ... ... .... 83 Winnipeg lilectrie ... .. 76% Canadian Bronx ... 7711 Imperial Oil New 27% International Petroleum New . 23% Dominion Tar ... .. 27% Famous Players .... 50% B C Cenerai`Motors .... '13"i U

Bank

Bank of Montreal ... ... ... 329 Bank 284 Royal Bank ... .... 342

. A- Oil ... ... .-- ... .... 4'! . P. R. ... -.. ... ...230

. B. Steel ... ... 17715

of Nova Scotia ... .... 397

of Commerce ... ... ..

CHANGE IN IN TERES TRA TE

(Canadian Press)

BT. JOHNS. N00., June 18.-As ii.

result of the bank tax imposed dur- ing ure minimum rate of interest for loan

the recent session of the legislat- the banks have decidcd to fix the

ues tha dollar being the minimiuri charge on a

The

cheque will be ten oentl. '

tem the on ent, formerly rim. Deputy Comptroller oi Currency for the United States who il to

Mr. Norman MacDonald, Glen Vai- ron, gumymimd gg;-gm here.

the th

Canadian

mira ofui local

lied uname.”

discounts and advances of all kinds at ai first. one

x and a ht!! l'M‘¢ont from July

It was also decided to chlfie

half of one percent on all cheq- paid in Newfoundland at other n the point. of negotiation, one

cheque for more than ten dolilre.

charge for cashing a smaller

Revision Uf Banking System'

(!D°0|ll lo the Guardian)

'I‘OR»0N'1`O. Ont., June 18.-A re~

mode '

iling of the United Bank sv! from the independent basil W Canadian branch lyltem ie 801111 in the United States at the pres- according to Charles W. Collins

address the bankers' convention

e thomas bmi: nuui-ee in

eight years was the main reason for

revision of ti-ie banking swim in United Btatol.

banks have done ad-

bly in clrryinl the settleinenff e obnadian Welt.” M ll-i4~ “Tm independent system in the U11- liaiu hu bone carried to In

Asks Assietonce

_-__-

(Canadian Pnl) ,

smmomn. Joao 1a.-i»mi-

dlllt

der the

tamatiooal

lbw prelodthewinioatbaeailtiietrou- bioeneouacnudintbeenfeeeeiauitol thela aie'snuime_e¢ was vm

` Ili

leevlrtedayoallediliwli *ll*

coa\muaitieealeu¢\boC|.nadianbof'

teiniptbeomnnyoeorvveni aymeuaevsrbeinrwacvdbi

kiininah agaibli thi

efibuecuatry. a&.loevei-er'

waicngtbebwddwaeduew

\\‘7in|tovtM|£¢thlllW.

shaun-eia-eau-un-anne-can

llesreuuaiauunehmalll*

\ ,_ .7 1 r