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JANUARY 31, 193s

'ES

(By Johnston ‘Ward's lpgqljl

IOIINIHO IAIKII LITTER

NEW YORK N. Y., Jan. up. market sold of! a little further will! Wflll I"!!! pickup in activity during the period of waging" Losses, however, were not largo and no real pressure of 1i uldation de. veloped Second grade end: slap were soft. but high grade: continued

rm

Whether the reports of a moderate slowing up of business are due to un. certaint over the outcome o! the "Gold isuse" case or to an" u". one remains ‘to be seen Stock prices are now about down to the lows of the previous reaction and such sell. ing as comes into the market ls likely, to meet firmer nearby bid: and a technical rally could develop

cosslr. i.

put ha: riaea 4% points to o1 percent

f it . o Dz-efiearld Co declared a dividend of fi cant: on p , in two previous quarter: paid 10 cents.

American Pete Institute report:

gasoline stock: in wesk auded Jan. 20 ‘totalled 47.88.0110 ha , iucreasr D8900 barrels over previous week S. Steel Cor declared usual div- dead of 00 con s on pfil Quarter ended Dec, 81 1034 net loss 10.204.- 418 after charges against $.81 previous quarter and $7,040,445 103d quarter year 1034 indicated net lo:: $1,700,004 after charges against net loss 80,501,122 in previous year. inland _teel Co and subs report for year 1004 net income equal to 88 10 a share against l3 cents in previous ear. quarter ended Dec 31, 1034 net ncoma equal io 45 cent: a share ag- ainst net loss $53,416 previous quar- ter and net rntit equal to 44 cent: u

The Steel report was not very en- share 'in like 1038 quarter Declares couragiug but probably in line with usual quarterly dividend of 25 cent: expectation: U S Iiilectric onatgut up 10 0-10 in

Laldlaw and Co week ended Jan ‘ ‘ncreusr o! 0 4-10 in week ended Jsu 10. SUMMARY High Inw last 01f

NEW YORK, N. Y., Jsu. 80-Gol:i 101 5810024 100.60 0B’: Bar: 142a 8d against 141: 815d . 33 03 33 7h 213 37 05i-

Bordeu Co declared regular quart 1732 17 06 17 1li 01f oriy dividend of 40 cent: - . 00 341 020

“iron, Ago" snys Steel ingot out- Dow Jones.

lsn Press) — nu Press)

' (Clfllld TORONTO, Jim. 3o Stocks

Close- Acme Oi. ... . ... .. 10% Airix Oil . ... . ... ... S:

Alb Pac ... ...

400

‘.20 _Aetaria . 20 Astoria 253 Bagamac .,. 11 Barry l! ‘g

Nlpissing I. Noranda ...

Nhorrltt ... Siscou tlou Tlb .

th .

.. ...

V nturas

“fa aide . 7% Wa to m: "i :~.'".'-.::: -- “*

r . Biivfr. Hi4 Total Idle: 842.000. IJNLIITID

Assoc Oil ... ... ... 11 Alderman ... 7

(Csaaadl

MONTREAL. Jan. 30—Tradlug wa quiet on the Montreal dairy and pron duce market today and prices con tinned unchanged. The butter mat-ks was quoted at 24K to 24% cents a pound for csrlote or lea: oi.‘ nu 1 solids brough 25 cents a pound and print: 20 cents Receipt: totalled 40 boxes

The cheese market was agsia 105a to 11 cenfa s pound for fall make oi No 1 Ontario and 11% to 12 gcnu for summer line: Receipts. were ill‘

ores Graded shipment: in car-lot: or fen-

20 cent: a dolen for

A medium, 22

tot-ill of 1,000 cases was offend for sale

0n the potato marketquebec: sg~ ain brought 40 to 47 cit: per so

cents and Prince Edward island: w to b5 cents

algzrv

CHICAGO, Jau 30-- - V t:- ‘ he. ' Hill! Low

n: 90% solo 80%» m‘. ruy.

49% 42 » 41

4! 41

40

wmnirud, Clan ao-

whflm- lllgh Low 8'2 E214 82% e194

41 40% 41% 40$

WINNIPEG, Jln. 30—Wheat ful- ure: dawdled on the Winnipeg Grain Exchange today, in s market thsi lacked incentive for a decided move i.u either direction. Prices closed 1A cent higher lilay at 82% and July l‘ 81% cents.

Foreign importers who had taken small quantities e Canadian when during t-he past few days, purchased gmflngiy today, their importation: not exceeding an estimated 50.001 bushels.

Values fluctuated slugglsbiy with in a narrow price range Steadineas at Chicago. where corn and whea were fraccdonaliy 3118501’. 03W! 0 somewhat easier tendency at Liver- pool, which closed 54d lower lo uu~ changed. Bueno: Airea was M. cent

C ah wheat trading was slow. nud ale‘ of a small amount of barely for export was the only activity in ea coarse grains Coarse grains future: were featured by a sharp advance in flax, nearly two cent: at one time.

LIVETTOCK

(Canadian Presa) MONTREAL, Jan. 00-—0ffcrlngs on the two Montreal livestock markets today totalled 07d head lteceiptv were composed of 0 cattle. 32S calves, 207 hog: and 42 sheep and latnha, in- cluding about 100 hogs over from previous markets

lves were steady. A few ood veal: brought l8 with medium k nds around Common to just fair form Id to

nallty veal: were sold T Grassera brought

Lambs were mostly all bucks and acre said around Id. Sheep were from

tn

Hogs were steady at 88 ‘Iii for bac- on: fed and watered with $1 Ml‘ M! premium on select: sud the usual cui off [Lagos

ro tar-noon: n4 rats as:- ldoaos. Near centre. "ti." . - r.- r-i-n-za.

Advertising liaise-Faye!!!

sandal ionic. d: pee weed: Water r wen!‘ Announcements all tie-is; leash. enerian letters. ‘lee a» lash; 1

, i: Advance

all laslen locals, ls r: ION: lliaasllol 11a eI Iieral and _ OI fiilolels‘ 7D

rlmteae: II. 1h.

For Sale QAIDQAID IUlIlI-l I0! llllnl outhousst. eta, 1e per sheet. Guardian Ollioe. ti.

toe" -aochos:oa-n-

pound bag, New Brunswick: 48 to do .

. Blnles dollar

MONTREAL EXCHANGE

(cl r. a; Guardian's Spoolll Wire)

MONTREAL, Jan. SIP-Author. itative reports m1 - h] Alwlwl Qmoenv had sold large liquor stocks for cash and had been able to reduce its bank loan 50 percent caused a rush of buying on the M ‘ 1 Stock Exchange m. day. The resultant rally wiped out early losses.‘

Taking B!) optimistic view of the reports, traders bought alcohol; heavily. shooting the price sharp. l)’ higher before taking profit and allowing it to ease slightly bdfore the close. Broad gains however, were still in evidence at the final bell. Other reports said the corn. pany had taken over full control of National Canadian Dlstilieries Corporation.

Activity in a‘ ‘ induced a general _recovery and the market, which had been considerably weak- er at noon, was holding an irrcgu; lar appearance at the close. The average of 30 stocks gained ,4 gt 01.2. Interlisted stocks were “n- changed to narrowly higher. Bra. ailian Traction firmed 1-4 at 9 3-4 and Canadian Pacific 1-8 at 1a 7-3 while Hollinger advanced 50 cents at 18.00.

Stock sales: 12,249 shares; bonds 819.000.

s. 1-.-

C urrencies

(Canadian Ircss)

NEW YORK. Jan. {l0-_Forsign ex- i-‘llllhlo markets moved narrowly to- day and loading currencies closed slightly lower in terms of tbs United States dollar ‘

The Canadian dollar closed at 1,4 percent gauinst 1-82 percent yester- day The pound sterling yielded ball cent, closing at $4 871,4 he French franc was off .0006 of a cent at 0.55

cen- _NEW YORK. Jan, 80-—11‘oro€gu er- raango markets moved nurowly to- day snd leading currencies closed shgbiiy lower in terms of the Untied

The Canadian dollar closed st $4 percent discount against 1-32 yester- day. Tho pouu’. sterling ichied hall a neat, (IV-Sill? at $4 87%. he French franc was or 005:, of a sang at ass

cents MONTREAL, Jan. fl0—li‘orclgn cur-

Unlted StrQl-a ilollnr sbowlng a amnL‘ lass and ldn French franc holding unchanged ‘The pound lost 3-10 tr 0.87% while the American dollar was up 1-10 of oae percent at 1,4; of one percent premium The Franc con- tinued nt 0 50 cents.

Hunter ‘River And Vicinity

Mrs. J. s» MacLeod recently re- turned from a. visit to Montreal, where she was the guest of her brother and his wife, Mr. and Mrs. W. E. Barrett.

The Royals crossed sticks with the New Glasgow Imperials on Hunter River rink January 23rd. The score was 8-1 in favor of the Royals. ‘the ice was in poor condition for puck- carrying which added greatly to the difficulty o! scoring. Both teams worked hard. The most of the play- ing was in the Imperials’ territory, and Balms-n," the reliable Imperial goalie, was kept busy turning back rubber. On January 25th, Royals defeated the Milton Hornets by a score of 5-1 on Hunter River rnk. This was the best game of the sea- son, the ice being in splendid con- dition. The entire game was a splendid exhibition of hockey.

The United Church S “ y School held their annual meeting and elec- tion of officers for 1935 on Jan. i6, Rev. F. E. Boothroyd presidmg. The following are the officers: Bu- perintendent, C. Carew; Secretary, Dorothy Cutcliffe; ‘Preasurer, Or- ville Beiiar (reelected); Organist, Mrsi Allan Wediook; Assistant Or- ganlili. Havel Seller; Cradle Roll superintendent, Mrs. Eldon Sea- man (re-elected); Missionary Supt., Mrs. (Rom) Boothroyd (re-elected); Temperance Secretary, C. Carew.

Messrs. Cutclifle and Andrews re- cently p: seated the United Church with two beautiful new collection pistes, which are greatly apprecia- ted by the congregation. The plates were made by Mr. Golding Barrett, Kingston, and bear convincing test- imony of his expert skill.

Mrs. (Rev) 1*‘. E. Bothroyd at- tended a convention of the Women's - ' v Societies at Summerside January 23rd and 24th.

The many friends of Mrs. John E. Maclcod, Hopedale. regret to hear that she ia confined to her home through illness-L.

"All life is a compromise, even when it ‘appears most untrem- meledP-Andre Maurois.

rcncies displayed irregularity on 0mg fem] no 1 45, Montreal-foreign exchanges today Flour aiming wheat patents first! the pound advancing slightly, m; $530

THE CHARLOTTETOWN

Mt ’l. Stock Exchange

lquatnilous furalshed hy lanai... and Ward members o! the llanirrl Fitock " " Curb In: ke-f, 1M Richmond Street. (‘harlath- town.)

Stocks “TL STOCK!

Blthurst A . 0% Bell Tel . . 134 Bra: T L Po 0% B C Pow A . 2:) Bruck Silk 16% Build Prod 2o (lain Car Com . 7% Can Car Pfd .. 14% (inn Cel Con: . 21% Can Cel Pfd 101i Can (Jeni Com 195 Can Ueur Pfd . 7 Can Ccru l'fd . 03 , Con 1nd Al A . 111,5 Can ind Al A ... l) Can Pac 1;; Cock Plow 1 Cor Smelt 125 Drlyden Paper 5 Dom Bridge 21:“ Dom Coal Pfd . . 111,3 Doru Steel Coal B 51,5 Dom Tex Co . g1 ilurds 5 Gypsum .. . . 0 ti- liow Smith Paper .. 11 11 lioll Gold Mines . 1 150i lntl Nickel . . . n. intl Pow 4 iniil Pow 4 intl Pow Pfd 00 Lake of Woods . 11h Massey Harri: 47,, McCall Front 15 Mon! Pow 30% Natl Brew 33:, Power Corp 91,4 Shawinigsu 131/ Sherwin Wil 15 ' Steel Co Can Com my‘ Steel Co Can Pfd 4:: Win 101cc . 2 BANK!

Commerce . . . . . . . . .. 103 Montreal . ... 108512 Nova Scotla . .

Boyal Bank ohG-suads. Bank of Canada ...‘

EXCHANGE

(Canadian Press) MONTREAL, Jan. S0— Wheat nor no 2i .'

Harley C W no ll 04. . a Out: C W no 2 53. Outs C W no 3 -i7.

q-

Flour seconds $4.00.

Flour bakers 84.80. -

Flour winter wheat pa/tenls cholcr $4 40 t0 $4 5U.

Flour white corn $580 to $0 00. li:an ton $25 25

Shorts ton $20 8i.

Midilliiigs ton $82 25-833 ‘J5.

Rolled oats bag 00 lbs h’! 15.

Hay no 2 per ton carlots S15 0. Cheese No l Out fa ,10%-l1. Cheese summer 11% o l2.

Butter no 1 24% to 24%.

Eggs i-u cartons A 1 largo 30. Eggs A 1 medium 33

Eggs A 1 pullrits 30.

Eggs A large 30.

lslggs A medium .

Eggs A 27. Eggs B large 25.

llgga B medium 23.

Eggs i.‘ 21

Potatoes Que 80's 46-47.

N ll 80's 4850

l‘ l0 I 80‘: 00-55.

NEW YORK, Jan. 30-—Foreign ex- change irregular. Greet Britain high 4 87%; low 4 81; close 4 87%; hills .4 80%: France 006; Italy 8 47 5Q; Belgium 23.20; Germany 8005 Canada 00%.

Closing exchange rates:-

At Montreal-Pound 4 87%; U. S. dollar 1 (11%; frsac 0.543 At New York-Pound 4x54; Cau-

adian dollar 00%; franc ll At Paris-Jlound 74 27 fr‘ Canad- lsu dollar as 22 n; u. s. dollar 1a 24 Fl’ In gold-Poundllls 11d; Canadian dollar 50,00 cult. '

Gasrnnuaux w. l.

Mrs. James Reilly entertained the Gaspereaux Women's Institute at her home on Jan. 21st. Meetmg opened by singing "Juuita", follow- ed by roll call responded to by thir- teen members by the sire of your shoe multiplied by two. Seven vis- itors were also made welcome. The minutes of the previous meeting were read andsigned by the Presi- dent. The Sick Committee reported no visits made and a. new commit- tee was appointed for the following month. Mrs. Sydney Llewellyn very kindly invited the Institute to her home for their next meeting, roll call to be answered by exchange of valentines. The National Anthem brought the meeting to s. close. The hostess then served a very delicious lunch, after which a programme was carried out in the following order: Monologue, Miss Matilda Steele; Recitation, Mrs. Geo. H. Hicken; Comic Reading, Miss Mary Steele; Dialogue, Green as Grass; Riddle, Mrs. John McGulgan; Comic Read- ing, Mrs. Ellie Llewellyn; Monologue, Mrs. Geo. A. l-Ilcken; Reading, Mrs. Austin Davey.

Several members of the Pem- broke W. l. showed the spirit of good fellowship by helping with the entertainment, Mrs. Wendell Gra- ham being the pianist for the even- ing, while others Joined in the sing- ing od new and "old time" songs, which were greatly enjoyed by all.

Illard’! the fiat White Lluilarnt

GUARD]

Y’ TOCK and 301w)

NEW YORK EXCHANGE

(By Frank Maolllllm. Associated Pres: Financial Writer) (A. P. By Guardian's Special Win)

NEW YORK, Jan. 80—Traders cracked the ice and stuck a couple of timid ices into the financial puddle today, but no one gave any sign of plunging headlong into new commitments.

Movements were not uniform. but gains predominated in stocks for the first time since last Friday. Bond prices were irregular, and a minor sinkinl eptll in United States governments was partially remedied by a. lift at the close.

Steel shares responded with frac- tional gains to the weekly report by "Iron Age" of a rise in the in- dustry's operating 11MB to 58 per- cent of capacity from 51 1-2 per- cen: a week ago.

Canadian mining stocks got a little play as some traders toyed with the possibility of a favorable decision of the United States Su- preme Court in the gold clause cases. Dome advanced more than a point while major fractions were picked up by such issues as Mc- Intyre-Porcupine, Nor-ands, Lake Shore and Holilnger. Other gainers in the Canadian list included In- temational Nickel, Hudson Bay Mining, Wright-Hargreaves. Cau- adian Industrial Alcohol, Hiram Walker. Ford of Canada and In- ternational Hydro-Electric Pre. ferred. Canadian Pacific and Shawinigan were a little lower.

Ma rk ets Al A Glance

(Canadian Press)

Toronto and l\lontreal—-lndu:trla1 stocks irregularly higher.

Toronto Mines-Higher.

haw York-Stocks closed higher.

Winnipeg-Wheat slightly higher.

Montrcak-Sllver lower

New York-Cotton, and coffee higher.

rubber, s ugarl

Royal Sank of Canada clofld today as follow :— Argentina peso .2643. Australia pound 3 0080. Austria schilling 1x82.‘ Belgium bnlga 22322.

Brazil milreis 0070

Chins lIoug Kong dollars 4385. Czechoslovakia crown .0417. Denmark krone "180. France franc 0000 Germany reichsanark 3300. Great Britain pound 4 8773. Holland florln llungnry pcngo

itaiy lira .0848 .

Japan yen 2849.

New Zcninmi pound 8 8050. Poland zloti- .1887 ' South Africa pound 4 8078. Spain poscin .1301.

Swcilcn krone 2.110 Switzerland franc R221 United 5i ‘s dollar M; per premium

SPH-INGlUN AND VICXNITY

Mr. Peter Nicholson, Hartsville, was a recent visitor to Bprington.

o»

.2904. ‘ 2.

cent

Sprlngtun School is progrwsing favorably under the capable man- agement of Mirs Dorothy MacKen- zie.

Mr. John .. on. Hartsvllle, spent the WELL-arid the guest of Mr. and Mrs. Wm. l-lalliweil

Mrs. Arthur French is visiting her parents, Mr. and Mrs. Daniel D. Nicholson, Springton.

Mr. Angus MacDonald is doing a rushing business at his trade as a blacksmith.

The parlor social and dance at the home of Ms. Herbert MacKin-

Huil Mot rrt Hur '9 Intl Nickc lntl Tel .. I I Johns Mun lgelvlnutor i (Y .

[Mohnsfou and Ward) Kg: C3535:

Stocks i Opened Last 14mg"; go ’* .. , l v Abww - m 1.0355 $152., 599°‘! 51'9" - 13 Loose Wiles Ble ... . Beullilnmilll 5% Mack Truck Brew Corp Com 31/, 3y; “Bu, Anm“ _ 3"" CW9 P01 13 1R lliss Kan . . 514, Brit Amer on 1s 15 Mont Ward . . any, Can Bud Brew ti _l<l N“), M“ _ my’ Lari lillilt .. 30 d0 x1111 Ilia .,. 23% Cnn Vinegars .. . 2A1 2o mm Darly Prod 1n (‘Ian Wineries ~ 5% Nu“ POW us“ 7 Lou Papcr . . . . .. . 100 New [gm-en _ Dist Seag ... .. lii 101,4; New yum Cen _ Dom Eng Works . . .. 21 21 Nora-h Ame,- __ Dom Stores .. ... 12 12 you], p“ Ford of (‘an A . . 30 30% Pack Mot imp glib ~ - - - -- 110% 1,0,1, Penn Rail m, - . mp o . ' r-i p . _' . - rrni rm . . . . .. 11>»; :10 13,3’, 819:, _ 111,, M91130"! A 9'71 9% Pullman Co _ 47m ltfi-tlcholl Iron-.... -i i l mo Corp . as} 51g Mmml" *"“0 """“lllulo Keith orpfi " n - - 2‘ _'i‘-»k llughc: . 307- ‘$75 Rep Iron Steel : - 14 Yniker Good . . 2S W14 Snfcwny Stores ' \v :1 liar iilml pfd lU/y I'll/y Scars ltocbucl-r lvaikcr Brow . 400 400 Sim C0 __ Wright. Hur .340 s00 Hncuny vac South Pac ~ i an runds . M; héitluthl Igaii . Stand Gas Elec .. Stand Oil Cal "' ' Stand Oil N J’ (clflllflllll 7"") Stewart Warner . MONTREAL, Jan. till-British and gumcbnkfl-

foreign cxrhmuga in relation to thr Tex“ Co Canadian dollar as complol by lb: T.“ m," s“;

AN

f}

N. Y. Stock Exchange

(Quotations furnished by Johnson: and Ward members of the ildoni real Stock Exchange, Montres Curb Market, 156 Richmond Street Charlottetown). .

Stocks L":

Opened

Air Red Alllcd Chem Allie Chaim Atl Ref

Atchison . Auburn Auto

Barn A lien Aviation . Beth Steel Blllggs .. . Burr Add Mach . can Oil .. Can Dry Gin Ale Cari Pnc . .. Case Thrash

Cel Corp Com Sou . .. ifong Nnirn ... ... Chen Ohio . Chic North . Chrysler illot .. Colunlb Carh . Col Fuel Iron (Yolum Gas Eieo Corn Sol . Con Gus Con Oil Con Can . Corn Prod Del Bud . lil I Dupont Eastman Kodak Elec Auto Lite C lillec Auto Light First Nat Stores , Freeport Tcx