p. i _. i

n. 1. Coola! ' ‘B’ " s1 '

Y, fififfilfeslln; created by the speed

JANUARY 7, 1932

1112s TEEDA Y’s srocKl

l MARKET cos

' ‘ ’ Press lunar Writer)

yogx, N. Y. Jan. 0-hour- NEW ma" promptly reflected

l eadeavorlng ‘tbadviillifh fggglfirlefllfculllln leiflllillil") 5 l, reports that progress was be- “ “dine llllrofld tolvllril nu extension ' Germany’! "mum" ,, “vertigo advance of 4 11111:! -' its and a strong bond mar e . e selall in German issues, indicated y.“ g1...“ willingness to be £3325‘; ul when it feels there la an! hTllfeturl-ituck market was relative?‘ uiet, but received oulY wif"“'u"gm:“3 rnln profit-initial! 1111 "if ‘an ‘"4008 losed strong at the tinyua 1.11’ l ‘ w- ‘ t gains ranged from - to o 110 11 e an pivotal issues and the aver- or ‘i-liseylvaa the best since liecelulwl‘ ‘Transfers totalled 1,1'i.'ll.-"11ll Fill-files‘ Rulur rs of firulcr copper l1r|clesnu"0or'1l' nrd, ultllrlugll it has ll(‘L‘ll ‘Lhfdule at the curtailed production F; at m‘ n have little a1>1111*_cl11'|"$o°_ ‘jfnom istillg surplus stacks 1c 1'1‘- hon" plant); llns elapsed. lleat 11g “v- ectric’ directors voted the 1111:1111? i‘ u end M1211, cents a allarc, ta 1'11 clarefl 1n snlltnnlllnr. 11111111: the 1111!- pm on: of surplus since the company

_-_-.

‘ deficit

of prominent stocks, in- cluding U. S. Steel, Consolidated Gas, Westinghouse, American Can, Ameri- can Tobacco “B," Western Union New York Central and Unlou Pacific. cloa- cll vvlth ll to 4 paluta advances. Alu- erican Telephone was up 5%, Allied Chemical 51/, and Santa l1‘e 4%. Aub- 11ru finished a dozen points higher. Strength at the opening, following Tuesday's firmer tendencies, undoubt- edly prompted much short covering; it had been apparent for several days that the markets technical position was very favorable.

Foreign exchanges were mixed. Ger- 1n11ll unlrka rallied nnd the Canadian dollar firmed, the latter reflecting dis- appearance of year-end pressure. Ster- ling ulld the French frnuc easel]. Mon- ey swung more definitely into its January let-down and call loalls re- ncwctl at ll per cent, with concessions offered outside. A good demand ap- peared for bankers’ bills.

‘WHAT THE STOCK MARKET DID:

“Md. Tue. Number of advances 445 1113i Number of decline 70 1:551 Stocks unchanged . 100 151 Total ' issues traded . . 024 501i

' Montreal Stock Exchange

d: ‘vilfli

(flplcclui to Johnston ck U

111111‘. .. l] Telephone .

1111' | 111/,| 12 11v, 12 .. 171/1

n (‘at Fill‘ .. 7 111 t". F11)’ I'm

Par-if 1f c ..

w Smith .. . t Nick 1

Produce Market

‘.\l0.\"i‘ltll.-\i one, Jan. i)—l.)ua to n partial llhlltlny of the Feast of plpllllny and the mild and rain)‘ anther the produce and dairy 1111111101 n: a qull-t affair here todaY- Pflffll ere uil lunged in all lines. Receipts o". 499 l-“liflfl of eggs, R5 boxes of utter and til boxes of chccse.

C. M. Lampson £9‘ Co. LIMITED o4 Queen Street London l’. C. l. England

Public Aufirtion Sales

RAW F0118 lhlpplng hag! will be furnish sd without charge by applying

B. I‘. Holman Ltd. Sum lde. P I. I. » Represented by

Alfred Fraser, Inc. 212 Filth Avenue New York. N. Y.

(Products

Lead 1n quality and economy. We are tn harmony with the present depression. Compare our prices with others.

For Foxes : ‘

Sunslo Flea Powder. 51111810 Ear Mite Solutions. _$unglo Fox Ration. ‘ ' ll Furrlns). , ltamlzleral.

Meaiblend.

Bunslo Worm Expeller. Bungle Disinfectant.

nun“ Bungle Growing Mash,

81111810 Lev Mash. Qunslo Scratch Feed.

I I lialry Battle : 51111210 Calf Meal. 51111810 D1111? Supplement , f“ (35 per cent.) tsunzlo Dairy Ration ma.)

"figs : 51111810 Hog supplement, Wlflvim for all Livestock.

30110 Stock Tonic for all the -~~ Farm Animals,

1 - “The Mostof the Best ‘ for thdheast," J Your nearest Dealer for 511mb Products.

ntirnationai Fox and Animal Foods Ltd.

"Immmlde. r. a. 1.

Charlottetown Dealers: a. c. auanoa. CARTER b 00-. LTD. IIEDDIN I808. Illuonas naua no,

n _-, p.

) pcnililglllbolvibusi l‘ 2-1.1

Mining Exchange‘

(Cnnndlun Press) 0111., Jail,

lllgllllloudClosc 1 .lo1/,| .lo1/,1 . 1.4 1.1 1.05

(l-(Mlulng

lill

i"0

s .- o3":

inmuv-Tl-etll

lti0i'i‘o\vnf.'nlnc . 4l5fii\\'r|1:l1i liar Total sales 2.111.907.

UNLISTED

200MB Missouri 10 (‘unlauruln

(L H (ifillfudson Ilay 7301111111 Oil

300i!’ 12500iPeu

liliiilloynliie . lfilillilVelltllres

llflfltlillobjn .. 3000|llr1uvnlee .. iliiiliilUfllllllt (‘Oil lilTflllilloul i-Ixpl‘. 200150111 Lake . ltlllili-lllck .\lau . “Tlittiiliirk liuut Llflflilifiil Select . Zililtllflllugu ilfltiifitcilie lOlJtllS Koera

Ikfiscellaneous

I ffnundlnn Press) ‘lilfihTitlllr ., Que. Jnu, tl-Jlurlclq (nnudlan wcslcrn. nn. 1i ill: oats. (‘un- ndillll western no. .’i JR, flour. whiter wheat patents, fir. s 5.00: flour. acc- nucls 1.110: flour, bakers 4.30: flour

winter wheat patents, choice 3.30-8.40: brnn, ton ton 1

flour, white corn tiitl-Jflfl; lil * shorts, ton 20.75: mllldllngs, ‘JR rolled outs, bag 00 lbs. '1 hay lln. ‘J per ton, car lots “hlmdih current .I'ID1(_. 9H; chc ac, aulunler .i‘.’-.121/,; ilutter, no. 1 flucst 211,5; eggs. fresh specials Ill cartons .43: eggs, fresh extras ln carious 0' eggs, fresh firsts in cartons sloralte extras in cartons

storage firsts lu cartons eggs storage seconds in carin . po- tatocs, Our-bee, F0 lb. hag .-".ll bo-

latucs. New Brunswick, 80 .50-.55.

COTTON NEW YORK, N. Y. Jan. tl-Cntton

futures closed 11tcndv~ closing bids: Jan. (i710: Feb. tlfli: .\l Apr. 1H7: Way llfltl: June (i115; JuTv ; 11g.

08.1; Rent. 690; Oct. 001-119 .\'0\‘. T04! w. 712. Spot closed steady. middling

Liverpool :—-Cottoa, spot quiet. Prices 1 point higher. American middling. flar 028: strict good middling 585i; good middling Mil; strict mhlddliug llfifi: middling 528: atrlct low Inlddllug 525i: low nlhldling 51-‘1: strict ordinary‘ 4115i: good ordinary Mill. Receipts were 19,000 including 1.000 American.

SUGAR

NEW YORK, N, l‘. Jan. 0—llavv sugar wnll quiet today nnd as no sales were reported prices werc unchanged at 71.15 for spots.

After holding steady early futures weakened under liquidation nnd sell- lllg by trade interests, p-omotetl by reports that grinding of the new (‘.11- han crop would commence on January l5. Final prices were 1 to 8 points net lower.

Jan. closed 1.05, Mar. 1.09, hiay 1.12.

July 1.18, Sept. 1.211 Dec. 1.31. Sales aggregated only fl 11110 tons. The refined tnnrltct was unchanged at 4.20 for fine granulated with a fair inquiry but fer nearby requirements on y.

Fish- Quotations

(Canadian Press) BOSTON, l\fass., Jan. tl-l-‘ifioea ves- sels arrived at tho fish pier today. WHOLESALE QUOTATION! cents perib.

8 to l) ‘l in R 10 to ‘ll 4 to 5

n-nul-u-l

larl! cod vi it

l5 ,

THE CHARLOTTETOWN cuanzzam-

,_-—-

NDTOND Q1/6734

Montreal Ctlrb Market

(Special to Johnston

awn-a) ' Stock .

m 50mm“ Ogilefinllllchlanwunn yydroi-lflcgnSce . '1 , 111M111 . .. ii-‘li 011,, nl/ p11 1:: ‘J-‘iilfiillm ~.~ 1111 In: Utilities a . -_> I

liloas .. 3i | _ {Qgrigulnelp-cé- _--| 15,251 1n 115125111100 Sherrltt .. .. 00

Stscne .. . 52

Walker, Hiram . 21);,

Grain Market

ll l.\.\il'I*iG, lii1ln., Jan. fi—-(Il_v the Canadian llressj-inspirctl by firlncr uhcut quotations at, Liverpool 11nd fair export tradc wheat prices again took theascenllancy for the second succes- sive 1111)‘ ill the whcnt: market: here lo- daytll rices at: the close revealed gains T" 1/6 to one cent above Tuesday's clrpllng lcvcl.

he .\luy option closed 11,1; higher at {ILU/iyulgfilllt! July advanced nu cvcn cent:

'8-

licpurta from seaboard both cost nnd west indicated n fair volllnle 0f trade worked. New York also reported heavy allies to China. llroolnhall reported all ilnprnvcnlcnt ill the demand for wheat ill (lrcat Britain na well as in parts of the confluent.

There wa11_11o pressure of wheat ill tile local pit and this proved to be 11 helpful factor ill sustaining tho ad- vance. Trade was more active and sen- timent less nllxcfl than it baa bccll since tllc holidays.

t‘ash wheat alld coarse grains lnoved lllgilcr ill aylnpathy with wilt-at,

CLOSE \iay 03%; July 04%. lv 321/1; July 31l1,(.l\.

i l-—‘.\4iay 41%; July 40%.

would be rushed through congress were likewise an nid to bulls. Wheat closed uuscltinll 15-1 than y lcrda,v'a finish, curll outs 14-134. advanced, and " unchanged to u rise of ii cents.

OTTHHVA, (int, Jun. Canadian I‘i‘t‘t-lS)-—l’}Xt'l|ill|gl‘ ntlons at the beginning 11f l

possibly as narrow as have since prc-rvar tin but by

o-(nr the fluctu-

. llu- cud of ihr- year they were Ii\ll\'|ll;: lu a

lnnnn-r reminiscent of tho ].'l'.‘1)-'.’l period when luost currcucca of tilc world were suffering acutely from tllo lack of an internationally acceptable ulnuetnrv base, says a review of the iillli exchange situation issued tdnuy b_v the iloullulon Hurcalt of Statistics.

'l‘lu- f'aundiull, doilnr “as subject to _prc.~1r1uru tilroulrhout the grculcr part 11f iilill. Th1.‘ New York gold (‘Xpnrl point was passed ill January alld June while ill all months suhseutuvut, the dollar was steadily below this level. llurlug November nnd lleceulbtrr, dis- counts on the (‘unallian dollar at Neu-

Yorkv were very illgb, running mm- ulonly ill [I111 ncicllivourllnluil 11f 20 pcr cent. A11 the ycar closed (‘uualllavl

funds wcre at ll prclulunl in icrlus of the pound sterling. the Scaudiuuuvlan kroncr, tile Argentine peso, the llra- zllian mllrcls, the lndlnn rupee and the llong Kong dollar. They were at n discount in terlus of tho Pulled States dollar. tilc. French nnd Swiss francs the (ierullln rcivhaulark. the itallall llra nnd tilc Dutch guildcr. Apart from fiurrles lu the Spanish pescta cutlscd by political happenings. nud telllporltry appearances of strain visible upon the pound sterling, the opening mouths were comparatively ltllcvcntful. it wns not until l\la_v, when reports of higher lncunle tux rntca proposed by the Gcrluuu gnvcruuleut precipitated n heavy outward lnovc- lucnt of capital from Germany, that any concern was manifest regarding the exchange question. Foreign credits nnd finally tho lloovcr moratorium proposal lutfile lulu lu June were i11- alrunlcutal 111 restoring coufidclu-c in the rcb-halunrk. Sterling was subject to considerable pressure, at this iiluc, because of assistance given to tier- lnnnl’. and ill July this bccalue so strong that £20,000000 in gold llud to be exported during n single week. An international credit of $350,000,000 placed at the British treasur_v‘s dis- posal was eaten up by the outflow to be followed by a further loan of $100.- 0001100 ruined by the llnltcd States and France about the hcgluulul: of Sep- tember. When even this failed to stem the tide, the gold standard was abandoned on September 20th, and within r1 week sterling quotations at New York dropped from 84.84% to 8.1.10. Subsequently, many nniinna were like- wise forced to nbaudou gold largely because of tho uneasiness of foreign ‘INTI-QUITE. After tha collapse of sterling pres- sure centred upou the United States dollar. necessitating tho export of allo1lt¥750,000.000 in gold between Sap- tember 2i and the cull of October, with the greater part going to France. 'l‘1vn

lncrcuvcs ill the New York reserve bank rate follotvcd by nnssuring stutenu-nta from the Frcuch prctuler

at the tlrua of his visit to tllo l'nitcd Stair-s curly ln November checked this movement and a rcillru flow conuuenc- ed. [luring December the German lleiehsnlark again occupied a precar- ious position duo tn political consid- erations, but tt was successfully sun“ povtcd as tho year clnscti. Japan was the inst major country to suspend gold shipments during 10.11. leaving as the only free gold countries, the United States, Franco Holland, Bwltaerlnnd, Belgium, Italy, Poland Roumaula. South Africa, and a number of Latin- Aulerlcau powers whose currencies have been held in line with the linltcd tales dollar.

"What passed between yourself and the complainant?”

"f think, aor, a half-dozen bricks and a piece of povln’ stone."

"Even when things are slow the business of the United States is pretty blgF-Henry Ford.

"it is the uncharted sea that: chal- lenges the adventurous spirit."-

aaymoad amulet .....- 1w.‘

s.

Striking Evidence of U. S. Confidence In Can. Securities

(Cantdiau Press)

WASHINGTON, D. 0., Jan. d — Striking evidence of confidence in Canadian securities was given by a Unite States senate banking sub- committee yesteray when it. added an amendment to the bill embody- ing President Hoover's proposed gigantic reconstruction finance cor- poration, allowing ioans and ad- vances to financial institutions of this country backed by the Domin- fan's securities. ‘ Both Canadian Government and Canadian securities are accorded this unique status. No other foreign government 0r foreign corporation securities are given the recognition extended to the Dominion. The proposal, approvedln bill form today by the sub-committee, seeks to infuse new life to tht ex- tent of $2.000,000,000 worth of cred- it into the industrial and commer- cial arteries of the United States, The full committee later gave its endorsement and the measure goes t0 the senate today.

Montreal Market Sidelights

15i|0|(‘llil1ol1g (“an [qqflgg 1200‘('olt11l11lrin i- 4=1""1"""\"~'11 .\1o,\"1'111-:.\1. ma». .1=ln. (i-(liv nn- ;'l:l:l:]f;"‘_“] i: (‘anadiau l'l'cs.->~ clllll-llln-d by an "Hill . in‘)?! l upward thrust ill .\c\v York, luodcrulc “Mnppfn \ f‘ fl(l\'l‘iIlt'(‘N were recorded today ou lhc 1,"n,]"'l""";‘" Montreal Stock ex lnngc. 'i‘ho llcltl-r f‘. " _ m,“ feeling, however, was not accoulpaulcd , ‘n hmmv " ‘ lIV all lilPFi“l\‘(‘Ii Vtllllllll‘ total suit-s SM" ‘gmlw-‘l Hum‘ Wk" contracting tbc snulli llillilllili‘ oi‘ S l"'°"“'k Qhidmke Mmm 3,7110 shares (‘Illllililftltl willl -liITli vt-s- Sm" ""79 "n" lmmmm‘ " ll-rdut- -l11d ll ' 111 the corrclzlvllnlliu" Sh" U" " g00‘.\lclui_vre dav of-last vcar, z V H S ""“;fi‘ lgfiggélm“ 1m" (‘onsuiclltnls ill the iulprnvcluent | '_ gonfiyluls i" " were Canadian Pacific international ' n. l‘ 1*“ "K Nickel, llraziiian Traction, and (‘anndu --| -' ' 1m” ‘\"'""‘l"‘ Clnclflo (‘euleut willie (‘aualliau Par and (‘ou- l?“ -’“"’,'11=" " ‘ aolidatell Ruleltcrs gained on slunii S o °r.\~ll'-’7 - lmrrrelna-r . clllrtmo. 111., l-ln, lT-lllilf‘ n-tlnl- ,,,,,,._.,,,,,,,,_.,_ -|-,,,. .10., ,-,,,,,,,| u... |,._.,,|_ slnllnllnla-r 111 ‘lmluflu-trol Oil ates that. illlllflSt 10111100 iluain-is of M,‘ M "m (lav-H M,“ “W,” "ml H“, qmxfln (u, _|1o. ltiflflvililtllllfllli (‘uluullau wheat: l1. i bet-u ilougllt I11 ;,,,|,.\- ,,,_.,,],. f, ‘snmn g3“, m, first (M. 'l‘e.\' t‘. Sui |21 i lliiiiffult Antonio the lust 4H hours for export hosted "V, no“. 3-0,,‘ ' 'l‘lu1 ll ll .11? i niébljfqlh"rrm " “nafiml” “M”? ""1"? (‘umldiall Pacific touched 1411’, short- ll C‘ Curb l‘-’_'J“i' - :60 a-qlacoe .. .. _ ting further impetus in the rlsc p‘. “f,” H". flponmg "m1 "mend “g 1411 l1 laclfn- ,l bi) I - 0i- tnducoun , u cre rumors that l1r.~tucc and langlund for n n" fidvnm." M l; n h.“ h, “b Poll; All- _,|1(1-'1,’,1 1005111] Basin llud tentatively agrccll on n tbrc _ 1:11‘ NH“. Wm, um "n1", only!“ T"... llnit (‘orp S151 177fi|Teck llugho; lrloratoriuln for (it‘l‘ill.'l|l_\’. Assr-rtlons “(mun ' ' ' 1am , 3tlfi0'$vi\'nlll ,, that the reconstruction fill. lcc bill 1,114,! l

Canadian (‘ar was up l, 1 lncltcrs climbed '."-’_- to 0!). the weak side of the mnrlrct were Abltlbl, off H. at 2111.; Fraser, off 1-1 at l; Lindsay Preferred, off 7 at (‘.01 alld St. Lawrence Corporation, off 20 cents at S0 cents. The bond market \\'.'l.~‘1 mixed. fibl 5's gainful 11.’. in . ' '11 "ll" gainful (lfllppml 1-'_- in 101 , st 11 pullli to , d "icc. li).‘ill, cased -. cant: . . ales ill tllla auction totalled

rlillg cnscd allzlltly to close at fllill l‘l1lt_cll Nirltcs lltnuev inst ion at is pcr ut pvellliunl.

(British Oranges On Market Here

Messrs. Clarke and MacDonald, Wholesale Fruit Merchants, Queen Street are advertising in the Guard- lan that they are supplying regu- larly British West Indies Oranges and Grapefruit. This is about the first occasion on which British West Indies fruit has been placed regu- larly on the market in this Pro- vince. Formerly it was difficult to get shipments because Just about the time the fruit was due to arrive the market; would be flooded with the Californian produce. Since the adoption of the preferential tariff in favor of the British West. Indies, and other Imperial fruit, Jamaica has taken advantage of the oppor- tunity to send supplies here which arrive at Halifax weekly. The Guardian has had an opportunity of sempllng Jamaica oranges and is in

a position to state that in favor, size,

etc. they wmpore favorably with

those from California, and they are

cheaper and the cases contain mom

than the Californian variety. The slogan, "Buy British" is part of Pre-

mier RamsaywiidicDonalda policy

for the British Empire, and this la

an opportunity for applying the slo-

gan practically to the development

of the British Imperial Fruit Indus-

try of the West Indies. Messrs.

Clarke and MacDonald are lobe

congratulated on taking the initia-

tive in this respect so far as this

Province is concerned.

"The fitting remedy for cvil coun- aels is good onesF-louis D.

Brandeis.

or eighty thousand bucks a year by being a cra "-Babe Ruth.

“Nobody could ever earn seventy

liwlnnl 11011111

(Special to Johnston k Ward) Ullclvllighillllwfililatixtfh Air lleduc 4.11 |.'.0 14s m; +1111 Al (‘ileln .. fl

Am (‘an .'- g A111 '1‘ Tel Ill 1

Aln Tub 1i

Ana Cop .. Ateiiaou

Aub Auto ihllt Ohio llcnd .»\.\' .. Ilcth Steel ilrlggs . ,. Byers .. .. C Pacific . (‘use

(‘lull Sou (fhrsn f)l:io ilhrya .\fr1 (‘oco (‘ola (‘ul (‘arb Col G l-Iiec (‘ous Gris . (‘out (‘an . Del Ilull .. llrllg iuc . l-l llupnut. . l-Iicc A-Il Elcc P Lt . Free Tex . Gun l-Iiec (icn i-‘oods

(leu lilo ..

F;

g.

+ l +++++++ l; H IO-bh-Gfi

will E 1- as

-s.

ill-ii‘ 52%’. ‘_'|l 131,1,

llll Tcl ... Johns Mall iii-u (‘up _, Krl-ug Toll Lam (‘o ...| Lil: lily ll Loews Inc .\l:llll Alk

11 urnonuu

AENEAS J. CLARKIN

On Monday, Dec. 14th, there passed peacefully away at Char- lotwtown Aeneas J. Ciarkin, at the early age of forty years.

30 Sask. Robes

25 71’ oar

' Discounts from

20 -to 50%

10 Fur Robes 257’ 0111'

6 Beaver Coats

331-3 _ 011p

-v

Sale for

15 DAYS ONLY JANUARY

4 Kulgan Coon Coats

331-3 % opp

8th t0 23rd

2g 75 <ll=l=

January illearanoe Sale

councilman 111111111, JANUARY a111, 1932

FUR ROBES FUR cons SLEIGHS and HARNESS

5 Box Slciglls

.3 “cannula Sit-labs Oi~‘l-‘ 20 Sets 1121111085 l, 1111* l

15 Sets Sleigh Bells

25 o1‘ l"

3 Sask- Coats

25 7’ oar

Cali soon and get. first choice.

2 “i*‘lc11l'_\"" 7” Plate Grain (hinders AT li.»\!.l-‘ PRICE

100 Horse Rugs

25* oar

l5 DAYS ONLY

l

7-42-61.

131-1

16th, to St. Anne's Church, Lot 65, where a. Requiem Mass was sung by Rev. Leo Harrell, after which all that was mortal of a kind hus- band und loving father was laid to rest in the adjoining cemetery.

The pail-bearers were: Peter Cusack, Patrick -McGee, Eugene hfclvcr, Daniel McGlnn, James Clavkln and Patrick Clnrkin.

May his soul rest in peace.