-..-¢¢>...-....

....-..-......u-u.|

v ~ 1 I a- i. I- ,- at u i. .- .- v

0 o¢-s-4¢<-—-~_~.-.-_}-_. <

4.4; n, - H; “I” ‘

, ~»c->--a-,-“..,- In ’P‘<- 1.4km. .¢.....,. I‘...

I

1v. géctick» u”

" Opened [gal

=~~~*-*:::- rrrmi "sau- En e,‘ Monires

Curb Market. I56 Richmond Street Charlottetown)-

Air Rcrl 180 Allied Chem 151 Allis Chaim . 12s 12% -'/ 154w: ill,’ 451-‘ l 87% iii’ 4 2U 2V: 111.1?‘ a I m, - 31% ' ' -0 limit?“ u " "r2 A 1i ' twillirgii ‘m 215% , i?‘ (‘nu ry n . 10-‘); 1g (‘nu Pnc . . 11y “i2 than 'i‘hrash f 5511/ (‘t-l (‘nrp 2312, (‘um Suu »- i‘, I“ Pong .\'nil‘ll . ' 35 (‘hos flllin 43. l‘hic North 3 (hrrslcr \lnt (‘olnm (‘arh (‘oi Incl lrnn

Fnlum fins Etc-c" oi

l~l l Dunnut

i-lprut Kmluir

hilt-c Auto Lit‘ Co I‘ Light

‘Markets At A Glance

(Canadian Prom) ' ‘Ibronto and Montreal-Indus- trial stocks ready. Toronto Mnes-Iiower. New York-Stocks closed slightly her. 2 mnmpebwmt down a 1-8 to mgg: Yolézlllulbber and coffee l‘; co owcr; . ch sugar un

MT’L.= CURB

IITLCURB .. (dominion and Ward) Stacks 0 , Abitibi P‘? ‘s?’ assoc Brow 12y, 12% euuhurtiols 1] 3 Brow (Burp (‘our 3 u 3% Brew Corp lift] .. 211,5 311,5 Brit Arm-r Oll 111% w“ (‘an lluit . 13% 32 (‘hump Oil d 7 7

Green i-liubeli , lmp Oil imp Toh .. lutl Pvt Melt-hora A Nornurlu Tack llluzltn-s Wright liitr

Naxl Dairy Prml ,, Natl Pow Light New Haven New York Can

North Amer North l'sc

Ptic Light , Pack blot. . Penn ltsll .

Pullman (‘o , ltntlia iforp . . . . .. lisdio Krill! Orph lie iron St-wl Sn own)‘ Std,” Sears Jlnr-hurk Shell Union Oll Sim Co . . , , ,_ ilocony Vile

South Pnc . Soirth I Rnll Stnutl Brnmls . Stand Gnu liliei: ... Slant] 0'] (‘ail Stand (iii .\' .i . Stewart lllirucr Siuthhukl-r 'l'll(‘l‘illt|l(|

ilnltcti Drug United (ins ltap U S lnll Al

evi Warner Bros Co Warren Bros . . ion

9% ... 2'; (loin Aivlluilt ~ r fir-u Iliad ... w? flcn Fmnin 34 flan lint m3; Gold llust ... 15% Goodrich lluli 51y‘ Goodyear iluh 11111, Graham Paige .. 1|“ Great Wont Sn 311A, Houston Oll Hurldlnt 1% 42 20% 8% it». 2°32 27 Ill - 80 Loews lnnonp .. ' 41 Loose lVlics Bis Muller-sport Tia . 111 Muck Truck . 21 lilnlh Alkali‘ . a0 llilas Kan . 3 iiliss Pal: liirmt ll nr 271)‘

Nash .\lnt .. Xiltl Ills .

Central Guardian lorsls. 6s p" Iordr Wonk-rs and Ensur- bu“,

usr Ivbrd- Announcements and (Io-lag Ilvsnss l0 - 7°" Drr lneln Llnla ol Iiaral and pa; mum: Letters nl’ Condolence 70s per inch: Notices sf Thanks and Appraise on. 70a no lnnl or do. p;

lo per warm In llernnriam Notirrs Spiritual Offerings, Cards, etc , 4e

word Other rains on application

Iiulllruln Charis for any advertisement twenty-Ilse ssIts.

BATll:—2e per trans far the price payable In advance.

For Sale

FOB SALE, - AUCTION FORT!- Five, Bridge and Wbist Scorn Cards. Guardian Central Joli Priniery. ‘ Nov. l-tf

FOX ROUND PUPS FOR SALE. 96 Sydney Street. L-7606-5-38-4i.

FOB SALE —SEED VICTORY Oats. med W. E. Haslam, Brad- albane, R. R. 11-7520-5-28-31.

F B. SALE - HEAVY JBOWN

aper suitabiu for placing under rugs, e.‘c. Guardian Oiilic . ' 3-27-tf.

FOR SALE‘ — QUANTITY BUCK-

wheat. D. A. McKenzie, Dundas. L-7430-5-23-4i.

word, three inser- 0| two, strict!)

FOR. SALE — so ACRES LAND with buildings. five miles from city. Apply Guardian.

_ - L-‘lioii-b-M-ai.

COW FOR SALE-LARGE, YOUNG, in 800d. condition. Just f. “ " R. A. McPhail, ~New Haven.»

11-7448-5-25-31.

FOB. SALE -. SMALL SAFE practically new at a bargain. Ap- ply 125 Em Avenue.

‘ 11-7533-5-28-31.

naaurumr. eumo case 011111-0500 with ii years Guar- antes. Toombs Music Store.

L-707-5-25-3l.

STRAWBERRY PLANTS, STRONG Senator Dunlap. New bed. Mose packed. iii 180 01.00, 500 $2.50,

1°90 ll I; Wiflnld Wsttersurth.

taut. 1.-

FOI SAL! B! U N JUNE 3rd st ‘l o'clock‘ farm eon- sisting of Ii! ' ' land with Arth Alexandra, I. l. mans. c . g . rsrsol-e-tis-as-ai.

'. ‘ HOQ-S-TI-fl.‘ -

Worth Pump .. Yellow 'i‘rm~k ..

0e per ward; Classified

Miscellaneous

WANT T0 HEAR FROM PRIVATE owner with car to hire for sum- mer. Write A.B.C., Dundas Cen- tre, PSI.

SAVE AND BE SAFE. THIS IS best accomplished by buying tong term endowments in Sun Life. We have a policy to suit your every need. See J. A. Moors, Currie Building, Charlottetown. 11-1540.

86 MILES 0N I GALLON? SCIEN- tiflc Laboratory, N-l20, Wheaten, Illinois, report an amazing new vapor automatic gas-oil saver. 100% to 500% profits. Fits all autos. Anyone can attach. one sent free to introduce quick. fiend address and car name today.

N-iiilll-5-2lhli.

Wa nted

WANTED —- GOOD USED FORD. Chevrolet Sedan or Coach. Write‘ C. Box 116. L-7525-5-38-3i.

WANTED TORENT FOB. JULY and August, Summer Cottage within short distance of Catholic Chiuch. Apply “I-I." Guardian.

L-75i9-5-20-3i.

Male Help Wanted

MAN FOB IAIN W058. ARTH- ur Wood. Alexandra. L-7486-5-27-8i.

WANTED,— IILIABII YOUNG men, mechanically or electrically inclined, now employed. to train

reactonary, most of the leaders losing fiom a frartion to a point.

THE l’ GiARLO1TETOWN_ GUARDIAN

K ‘QUOTATIONS

MARKET cosslp

(By Johnston and Ward's Special Wire)

iuonunvo i manner LETTER.

NEW YORK, N. Y., May 27- , Regctloaary tendencies continued) Saturday, but the declines were not; i large and activity was reduced. l

The strength in foreign copper) and another increase in the French bank rate were the news features of the day. .

The current mildly reactionary phase of the market seems only natural in view of recent develop- ments and so far no evidence of a real pressure of offerings has been seen. Thus, the underlying position of the market would still appear to be good and a recovery later should take place.

Iaidlaw and Company. SUMMARY

NEW YORK. N. Y., May 27-’ Gold bars quoted in London at 141s vs 142s on Saturday, '

Missouri Pacific April net oper- sting income $213,478 vs $501,910 in April. 1934. 4 months $591,745 vs $2,472,783 in 1034 period.

N. Y. N. H., and Hudson April deficit after charges $157,880 vs $90,694 in April i934. 4 months de- ficit $1,449,682 vs $1,185,471.

Penna. RR April net operating net income $5,018,544 vs 85155210,‘ in Arprril 1934, 4 months $21,325,516 vs $20,299,684 in like 1934 period.

Chicago and Northwestern April , net operating income $234,813 vs. $18571 in April 1934, 4 monthsl $414,375 vs $148324’! in same pcr- ‘ iod in 1934. . y

Great Northern RR April net ‘ operating income $1,882,960 vs $552,935 in April 1934, 4 months $2,008,926 vs $1,131,406 in like 1934 , period. i

‘The French Cabinet agreed to- day to ask full power from Parlia- ment to deal with the most serious financial situation since the lam

Raymond Poincaire saved the franc in 1926- I . nun Low_ Last oui so m1 .. 110.31 115.53 115.90 0.21 i a0 Rails 31.14 31.50 31.65 0.02 2o Utii . 193019.91 19.15 0.1a High. Low Last. Up 4o Bonds 95.40 0.1a " t Dow Jones. BANON- says MONTREAL, Que, Away 21-‘

Saturday's itwrease in the discount rate of the Bank cf France, the second markup to occur within one week. is a strong indication of how critical the position or the whole 801d bloc has now become. Break- down of this group will lead to ultimate stabilization and contri- bute to world recovery, but over the short term fiance's abandon- ment of gold would be disturbfiig to American securities. 0n Se‘ ‘ _, industrials sagged moderately towards the bottom of the trading zone established dur- ing recent. weeks, further correc- tion in the industrials still remains a strong probability. Rails Qzowed remarkable resistance to whatever presmuc existed on Saturday and. in general showed signs of being fairly well sold out. I suggest that positions in this division be held and further purchases considered during periods of general weakness. On reactions buy Atchison, Gt. Nor. pfd and Southern Pacific. The gold index in Toronto clwed slightly lower on Saturday with- out bringing out , any selling in quantity. Dome and McIntyre seemed well supported. In general the trend in golds cannot be re- garded as definitely bearish, in- dications favor some further cor- rection before this divjsion is in a position to resume, its uptrend. Banon.

BARING. LETTER Saturday Evening

NEW YORK, N. Y., May 25- Wheat reacted a cent more and as stated yesterday, if it react: an-‘ other cent start buying a little. Cotton rallied 15 points and if the Dec. option reacts below 11.50 start buying it. back. The market, as was to be expect-ed was slightly

There is no change from recent advices and after the industrial averages go about 8 point; lower than they were today, then the stocks on which you should have taken profits this week. should be ‘ ' ‘ back again. Individual buy- ing recommendations will be made in subsequent letters. The neat advance will go outsider-ably fur-

liiliifl Iii‘

ly around 58 and 60. Today it clos- ed '10 1-4. 0n any further bulge sell outhalf. Woollen pfd is down 3 points from thetop and if lire- acts to about 44 start buying it back. Chrysler u down 8 pointsand should not be ‘bought back yet. Phillip Morris might react a point. ii’ so buy it, it will sell at an entirely new high this Bummer. U- B. Rubber pfd has reacted near3pointsandifit goesnear 30 purchases may be made. White Mlotor may be bought ii’ it reacts near i0 for 20. U. S. Industrial Ai- mhol and National Distillers keep weeping up and can be held. Jtherwise there is no change, be prepared for the neiot buying level which will come shortly. . Baring.

Barron's moon‘ LETTER"

' I

MONTREAL, Que, May 27- Strength displayed by the rails this morning is moderately encour- aging. . Decisive rail penetration through current ceiling of offerings would be bullish for market as a while, until this development how- JVEI’, actually takes place, caution ‘s warranted. Now that the Bonus Bill and currency tinkering in the immediate future is no longer an issue many traders feel that in- iiatlcnary possibilities may be re- garded as dead. It might, however, be remembered that Washington's spending program and the piling up of-a. national debt is bound to prove as inflationary as current issuance.

The frenzied flight of French capital suggests that well informed Frenchmen regard devaluation of the French franc as inevitable, ir- respective of whether Flandin does 1r does not receive dictatorial iowers. _ _Associated Quality Oamnerles re- iorts operating profits for ‘nded Fob. 28, 1935 at $13,361 a! zainst lass of $362,462 in preced- “i1: fiscal year.

Conservatism in buying of steel n United States due to lack of

new legislation on NRA awarding '

‘.0 Pittsburgh “Review?

Wholesale and retail movement ‘ontinued unsatisfactory in.United States during post week.

Refreshing rains. ng, ‘ .meadowsa.nd small 1min crops, higher prices and arger current farm incmne have wrought a profound change in the U’ . S- farm situation.

Humble Oil and Rifg O0 with large producing facilities was am-

, ong the companies most favored

by the increased crude oil prices last year. Although Humble Oil has some distributing outlets. the company is chiefly a. supply com- pany for Std Oil of New Jersey which holds about 70 per cent oi the Humble capital stock.

Reports o: railroad earnings for the month of April. at hand thus far have included some happy sur- prises for the holders of these securities, ‘Phat month was the first in which the carriers paid the fui-i wage rate in effect prior to the 10 oer cent reduction in 1032, but they had been benefited for a part of the month of higher freight, charges, authorized by the interstate commerce commission. President Roosevelt's message on transportation will likely be sent to Congress this week.

Banon.

EXCHANGE

(Canadian Press)

MONTREAL, May 27—Britlsl'i and foreign exchange in relation to the Canadian dollar as complied by the Royal Bank of Canada closed today as follows:-

Argentina peso .2605.

Australia pound 3 9431.

Austria schilling .1886.

Belgium belga. .1709.

Brazil mi'reis .0555. I

China Hung Kong dollars 6045.

Denmark krone .2209-

Finland finmaxk .2220.

France franc 0658

Germany rclchsmark .4029

Great Britain pound 49372.

Holland flctrln 6159.

Hungary pengo .2970.

India rupee 3749.

Japan yen .2915.

New Zeaiand pound 3 9828

Norway icrcne 2485-

Polond zloii .1893.

South Africa pound .9140.

Sweden krone .2550

Switzerland franc ‘$231.

United States dollar 1-32 per cent discount.

NEW \'Ultl\', “my ‘Yf-Forrgn ox- cluings irregular. (treat Britain tie- ililirifl high 405%: low 4 031,5; ulna-z iigii? iiniink '93-'11!- irgiii/Tiim 1 oer-{n-‘luy 4o 2?_;I§¢....;.;.e;._m 1.322.

groliihiitgtici-ei-‘imu gain; U. s.

W53‘

.6“

the past ped the was no the ave

TIIE

_ 4,0“ 34a °""

{Nil

i917 I918 i929 i930

ten years as the price drop- taxtincreased. In 1923 there provincial gasoline tax and rage price of gasoline to

retail dealers across Canada was 271/1» cents per gallon. Today the average price of gasoline to retailersis 18%.. cents but to this is added a tax of from six to eight cents per gallon which goes directly to the provincial governments.

v Not only has the price oflgasoline fallen steadily since 1920 but the

The accompanying

published

quality has consistently improved. The gasoline consumer today gets more

value than ever before.

Sometimesyou hear talk of large pro- fits earned by the gasoline refiner. In 1934ImpetialOilearned$5,025,400.12. This may seem to be s large sum but to earn that Imperial Oil hadto make and market gasoline and other products amounting in value to $82,841,311.15. That is to say Imperial 0ii’s earnings were relatively no greater ch aathose of a merchant who, selling $8,280 worth of goods in the course of a year, made a net profit

of $500.

IMPERIAL OIL LIMITED

SIGN 0F

t ‘k at: IMPERIAL

PRODUCTS a

chartshowshowflie ' of gasoline lo theretailerhas the gasoline tax has increased since 1924- Thcdataforthisgraphsrebesedoniigures bytheDominion Bureau ofStstisfics.

LOWER PRICES-HIGHER QUALITY

EVER since I920 the price of gasoline has steadily declined. liew people realize this however because during

A FAIR our.

and

til-medium good and good sell- ing from $5.50 to $6, medium kinds $4.75 to $5.25 and common kinds up to $4.50. The few steers weigh- cd were at prices ranging from $5.75 to $8.75 for medium kinds and around $5 for plain light kinds. Prices were not established on bulls.

Calf receipts were 818 head. The calf market was active and prices higher. A few small lots brouifhii 35-50 to $6.50 Medium good to good calves brought around $5 Fair to medium kinds were from $3.75 to $4 50.and common kinds from $3 to $3.50. Good and choice veal $5.50 to 6.50; common and medium $3 to $5.

Sheep receipts were 216 head. Good spring lambs, averaging 50 lbs. or better, brought $12 per hundredweight- Mixed lots of fair weights brought $10. Sheep were from $2.50 to $4.25 with the bulk between $3.50 and $4.

Ewes $2 50 to 4.25; lambs, good, $12; common $10.

Hog receipts were 1.002 head. Hogs were moving slowly at higher prices. About 60 oer cent of the hogs were sold at $9 75 for bacons, fed and watered. with one lot of 100 hogs at $10 for ba/cons. Selects drew $1 per hog premium. Butchers heavies and lights were cut 50 cents pa; hundrcdweight and extra heavics were cut s1 per hundred- wcight. Sows were slow at $6 5O i0 $7 25-40115 $7 50.

Miscellaneous

(Canadian Press) MQ\ FREAL, May 27- Wlat, nor no 2 94- Besiey, C W no 8 48. Oats, o w no 2 48.

msparetirueforservicingaadh- . . ,1 . outsownoats. stalling electric relrigeration and hmnammmanad dliilyuggwzurgix ihlrllitutt inzréqnu- 0519' (em m 1 44, '1' °°ndm°nm' wmpmw" “u” first around 58 and then repeeted- ‘flinch 19flliil-"é’3.i'“ii giimri- 111's. 71W!» l!" “hi?” “Will's- hl" n" “uumm m" - dollar 15.10 n; Canadian dollar is c2 firsts $5.80. aish * ' “gains-round 1h- u. s. dcilar n” “w!” us?‘ :ng:,w¢c¢‘ilt;c&:gn,m°e‘r:uam N E E S ‘ _&nkc=nu; Canadian amm- eazo 7'1"" “Wwmlteg-wfiut “mm, ' ' ‘I ‘ 0110100 03.80 to $4.00. (immmw N'””'5'”"" moo-r White corn $5.50 to l3 80 Brushing 3.: ti: Mole Hell) will?“ ' ' --‘-—' Mlddliaznton so as was i icmiili" l Rolled oats to lbs sis.‘ WA “ - my 91-00mm? no a pa-“ibu mm use. loam Ilfhli‘ ma. sum Course 5.1111“ Th; Virgin" m u» o» Montreal livestock m” m 1 on, m, w. Ilfllfl "llliifll- “Oll! BURN!‘ 001' Phuphonu. fir,‘ ‘m; m HUM WdIY totalled 3,332 hild- aubk no 1 3L 1m Hallm- "4" nerve toods - 1 unfair; * mm. methi- was l" he"- m. A. u... 11 1-1. neessnaryhtoluzve eslth~ ' mi! sales we’: 1201151915111; tcluziolvz; m, A med,“ 17 1,; . m3.‘ l"h|“_ ~ “mum” B 1'1. alive-are so actively cent‘- I915 mm: 111 lmlu a: O 1g 1.3 all“ iglallgrgm‘ "NI i» "w "WM" WW1"!- Potatoes South Qmiina no 1 - i. ' ‘l 05.50 i0 $5.75. "m" , South Osr no a bbls one u» *E-‘i‘:i%% “n ' u... Bermudas no 1 so‘: 0111s ‘to " mono-mono , Fffljilflvfl . 1-2. . . .. . v - i}, _ "i. .\in,v '.‘l---'l‘l.c Asunc-

20 hnslc commodities today declined

lo 72.48. The prsvous day it: was 72 M, a 72 73.05,

week ago 40, n month ago und l“ year ngn (i073. linnge of recent yours‘.-

msa mm. e4 1o,’ low aslwf (The 10% average equals 100).

PRODUCE

(Canadian Press)

MONTREAL, May 27-—Montreal produce markets today continued last: week's firm trend, eggs and new potatoes.

The butter market was generally

2i cents a pound for carlots or les of no 1 grade. Small lots to the retail trade were quoted by

iobbcrs at 22 cents for solids and 23 cents for prints.

Graded shipments in car-lots or R355 for eggs were quoted ill; 19 l-Z cents n. dozen for A larile. 1'7 1'2 cents tor A medium, l7 cents for B and 16 1-2 cents for C.

The cheese market was at; 10 cents for no l current arrivals.

The potato market was steady to s. little higher, new South Caro- lina stock no 1 being $5 50 t0 $5 75 per barrel and n0 Z $0031 Carolina slonk was $235 u?’ $2 50 for IOU-pound bags. Nd 1 Ber- mudas went. for $1 75 1° $2 0° P" 50 pound crate. Old potatoes were as w 4o cents per Bit-Pound has of Quebecs, 42 1-2 cents for New Brunswlcks and 45 cents for

firmer On tsrios,

Prince Edward Islands

ll & it's

lnted Press wholesale poice index nf

is Manufactured by Hickey & Nicholson

MII_\_II_NG

. (Canadian Press) TORONTO, May 27-—'I'he mining section of the Toronto exchange slipped into reverse today for no apparent reason though the month-end settlement may have encouraged pools to apply) little pressure in the hope of squeezing out some selling by under-margin- ed traders. The gold group was

the weakest while Base metals and .