~ say: On the South-west by Harrhrg-

runtlli 00M.- ‘l lllllllvlllltilg

mooted-filer " E761‘! Wednesday and Saturday Issue ‘

art-ran. IAIIII I '

MT’L.

(Johnston anrl Ward) '

Mocha . Opened ha! Aliltilil . . . . .. Assoc Brew .. Briiuhsrnola .. Brew Corp Coin .. 9 89$ liioav Corp PM . . . . ‘Z0 20% Unn Malt. . . 2.0 201i itiiii Paper 100 100 1min Stores 8% lfiird of (‘an A 27% Crr-en Sisbcll 2b i8” iiiii Pet . if?‘ Slelrhers A 1,0 Nnrnniln .- . ‘Ii-ck Hughes . 415. Walker Gopil Pfrl . . 17% Walker Brew .. A00 .

Mortgage Sale -

7b be sold by Public Auctionln front of the Law Courts Building h! Charlottetown in Queen's County on the 4th day o! June A.D.. i995, at the hour of twelve o'clock noon; All that tract plsce or parcel of land situate lying and bei on 140th!" Township Number t y-four . in Queen's county‘ aforesaid. bounded and described as iollomythat is tn

ton or Coveheari Bay having a front on the same cf sixteenvchalns and fourteen links; 0n the north-witty land in possession of Charles Bul- ton; onthenorth-eastbytheflul! of St. Lawrence and on the south- east by land and property o1 Dun- esn and John Show, containingan area cf sixty-two acres of land a little more or less; reserving there- cut and therefrom certain Plots. o1 land conveyed by James C. Lawson and Elisabeth Lawson to Maud Mc- Connell, Daniel K. Ross, James D. White. Jalnu Calder. Halel Aifleck. James M. McFadyen and W. Edger- ton R. Keaney, Charles S. Drew and Marcus Calder.

The above sale is made under a Power of Sale contained in an 1n- denture of Mortgage sated tho Eighteenth day of Ibbruary A. D. i881. made between John Andrew Kieily and Malcolm Shaw Klellyi both of Township Number Thirty- ioirr in. Queen's County 1n tlto Pl“- vince of Prince Edward Island. Farmers. of the one part and Thomas Heath Haviland of Char- ismitiiwii in Queen's county in tht said Province, Barrister-at-Law, "of the other part. Defa t having been made in payment o the Jincipll iiiio iiiui-ssttriereby mund- ~

For further particulars apply ll? the oiIioe of Palmer s: Farmer. "

Dated this srii day o1‘ my A- D-

im , v n. sums PAIMIiI.

sdinr. c. r. .4. us.

L-71I6-5-4-4i ‘

a" an a

llfffllflllvflfl. Sear.

Aftcr $011!. dayaof successive de- the price-for i

cllnes; commercial silveujmetal turned up.~a pennyin Lsndonandalittlsmora irirlont- the reaction from v -had touchéd ~ bottom anc t ybid-Illdorsdo up to 1.46. leap

5-!

i s2 g. . at

i .

l’! Payrnaner . Pet Cob .

4 I M. . - $5 Silrvgr . . . . . . . .. . ... - 73% Total‘ salea 1.911.000. ' l , . onus-ran, Alermar ... ... .. 0 Ir wnlee ... .. .‘.. . O

imetals trailed on small turn- Yflhrdayh market was an inter-

Pfllifllfin- hr than expectcd" and might have

wile-poor March roports and little

~ tlon of a favorable decision on the

(Iy Johnston and Ward's Special I Wire)

rsosmuo r-rrrsn

now roar-z, r1. Y., May a-

the whole ap- peared to act well.

0117819!‘ earnings report for the first quarter was considerably bet-

been the news to bring the market S; of ‘its trading range on the up- e. The, break in silver and the breach between business. as mp- resentod by the U. S. Chamber of

were decidedly unfavorable factors from a near term viewpoint and no doubt were more important than the ‘good Chrysler report.

The firmness in the halls. de-

t E r é i i

ent in net actually in sight because of higher expenses, ls an encouraging factor. ‘rhls may be due; however. to undue impor- tance being given to the expecta-

Pension Bill. It, ls not often that the market stays in such a narrow trading range as it has recently for so long, but it suggests that the subsequent move will be important.

, l‘ "‘ and Company.

BANON SAYS

MONIREAL, Que, May 3-in- dustrlals and Rolls sank lo new lows on .the current setbacks in yestcrdsyls session, but finally re--

the day's losses and closed big under the influence of a -runirp in Telephone and heavy hiding in Chrysler.

The recovery which took ,place cannot be regarded as impressive and; does not alter the ‘probability of finthm- recession before the sell- ingqhas run its course entirely. The decline in prospect will un- Jioiistcdly be punctuated by minor rallies and on the whole is not likely to . noel more than half of theWdvs-nce which started on March 18th.

neiativel. strong demand whioh_ developed for rails during Thurs- day's sell off suggests that this division ls likely to attempt s min- or recovery in anticipation of a favorable decision by the Supreme Court next Monday.

little ‘long, Lac sold off rathcr early and is likely to experience scans further correction. On the whole the persistently low level of activityvin the market action of gold shares adds to the evidence favoring the view that gradual ac- elhrmlation of golds is taking place in: theourrent area. 0n reactions buy Dome, McIntyre. Cari. Malar- tiqe. ‘ihck Hughes. Wright Har- greaves and Hollingevr.

. Barron.

SUMMARY

,6CK .n.iBo~

NMARKET cosszr

- NIIWXORK, N. Y., May ii-May Dqra-rtment Stores declared regu- lar 40 cents oom-mon dividend. Gold barsquotcd in London at 141s 11 l-Id vs. 144s 4d. ‘Thursday. Crown Cork. and Seal declared angular quarterly 96 cent dividend. ‘Brokers loans in week ended May lsttotalled $990,000,000 against re- visealoéigure o4 $947,000,000. increase . Daily-average volume 0d reserve bank; credit outstanding dm-ing week ended May 1st was $2,466,000,- (Xil). off $000,000 from previous week and 029,000,000. below a year

e system ratio on May 1st stocrfat 78.0 vs. 73.1 s week ago. llld U3 a year ago. N. Y. Bank ratio 76.9 vs. 77.3 and 69.4 res- pectively. ' ‘

‘Gulf Oil of Penna. calls for re- demptioniihirio l. all outstanding l5 year 5 percent debenture bonds. Shell Union Oil and subs March quarter net loss 01,191,040 after charges vs: net~ lose $41,091 in March quer-ter1954. - . flllldfltilll'all‘lfld Electric and subs 12 months ended March 31 earnod $1.737; common share vs. Si"?! in pneoedl 12 months. Youngstown District Steel plants will end week at about 50 percent of capacity vs. 54 percent last Monday. Decline almost entirely dub to. reduced shipments forced by

..,,,.,,-_,,-s;;-,.;...,-‘,m-.-w ~~~~~ *FQ*1Vy\P~v1’ ..,-<-.,._ ..

today's lows you can still buy Case Threshing, General Bectric. West- inghouse, Johns Manville, hir- banks-Morsc, U. S. Ind., Alcohol, General Motors, Sears R * “ Unitod Aircraft, Chile Copper, Am. For Power 7 per cent pfd. and would still hold on to Seaboard Oil, Radio B pfd. and others mom- rnendcd in recent letters.

Baring.

BANONE "NOON LETTER"

MONTREAL, May 3-'I'l'iis mom- lng's rally could be mainvs‘ ’ into Monday. Railway executives are delaying a. request that wages be reduced until decision on the Pension Act is announced. A de- cision unfavorable to the mus will be followed by early request that wages be lowered.

Softneas in the pr-lce of silver has been an important influence in the recent nervousness which has developed in the trading in sliver shares. A number of observ- ers are beginning to entertain the idea that Washington is not likely to make any further gradual Vad- vance in its buying price and may boost the price to $1.29 suddenly in order to discourage speculation in the whitc metal.

Savings deposits as shown in re- port of chartered banks of Canada for March reveal increases of $18,- 000,000 over Fbb. and $80,000,000 over March of last year. First bank of Montreal's crop reports for this year notes. mixed conditions sur- rounding farming operations in the

Dominion. Falconbridge Nickel

‘reports first quarter net profit of

$237,920 against $352,298 in 1901 period.

While American business lead- ers hsve been more or less opposed to Washington's new deal this weeks attack‘ by the U. S. Chamber of Commerce brings the breach definitely out in the open.

Barron.

PRODUCE

. (Canadian Pres)

MOIRIREAL, May 3-Priccs ruled steady in light trading on the Montreal dairy and produce mar- ket today. On the butter market no 1 regraded was generally 22 1-4 to 99 1-2 cents a pound for car- lots i less with small lots to re- tailers quoted at 23 1-2 to 24 cents a. pound for solids and a cent higher for prints. Receipts were 2S6 boxes.

Graded shipments in conlots or-

less of eggs were quoted at. 20 cents a dozen for A-large, 18 cents for A-ruedium, l7 to 17 1-2 cents for B and 10 l-Z cents for C. A t0- ts} of 1.443 cases was offered for ss e.

The cheese n-inrket continued at i0 l-2 to 10 3-4 cents a pound for current arrvisls of no 1_ Ontario with silly five boxes arriving,

Halifax Port v Arrivals

Chedabucto from Queenspoit. Dom. Hslsyd from 1.0021 Harbour. Pentland from Local Barbour.

SAILINGS :--

Nova Scotia to Boston. Chedabucto to Local Harbour. Dom- Hfllsyd to Local Harbour. Pentlahd to Local Harbour. M. 0s L. Coaster to‘ Local Hbr.

VESSELS IN BERTH:-—

Wesson, berth.

Barge, berth. .

Dom. Halsyd. loading.

M. dz L. Coaster. discharging. Chedabucto. bunkering.

Barge No. 2, berth. _ , Bpeybank. discharging. . . Boston City, loading. l ' Nova Scctia. discharging. Dominica, loading.

Pentland, discharging.

Capulin, loading.

F. Dupree. berth.

Barge. berth.

Acsdian. berth.

VESSELS DUB T0 ARRIVE:- May

WN

GUARDIAN -

IV. g Y. Stock Exchange

I and Ward, members 0| this Ieatranl Stock Exchange. Montreal Cnrb lar- ltsat, l)" Richmond Street, Charlotte- I'l-

.

Stocks Opened All‘ R011 . . 118V; 121 Allied (‘hum 1431/; 148% Allis Cllilllil 17% 181;‘, Allis (‘hnliii 17% 18%, Ail R01‘ 23% 23% Aiuei- (‘iiii .. . 119% 119V; Am (‘iir l-‘niuiil .. 18% Am For l'iiii' 3% ‘ Vs

(‘hryrrli-r Llut

ifoluurl» (‘iirii . . (‘oi Furl lrun .. (Iolum (his Iillec (m; 0% (‘om Roi . . . . .. l0 10% Con Giis 3% 28% Con Oil . 7% 7% Con Can i 07% Del Hull . . .. =5", 20% 10 I llupont . . Y‘ 07% Eust KuIl/uk .. 1,1, 138% 161cc Auto Lllv (_'u - ,5; 211,4 Elem: Pow ll/L 2% 21/‘ Erie .. . .. KM 8%‘ First Nail Slows .. 475-’; 47%, Freeport Tex . . . . . . . .. ‘.'1 205K; Gen Asphalt ‘ill’, 10% Gen Eli-u . F, 24% Gen l-“oiiils . 113% 337; Gen Moi .. 21m. 30% Gold lliisi 1%,’, 14%, (loudririi liuh N‘; 8% ,-' 17%.. '36, 1% ‘ 30% -% ‘l5 Hud lint . HA 8% Hupp Mni lnil Hnr . .. ' ‘Zr 41 iiiu Nii-iii-i . . u, 21 Illtl Tr] Y; 7

Ksn (‘l Johns : Kelviiini .»i- . . . . .. Ken (‘rip . linmlirrl (‘ii .. lilg My. rs l1 . Llquld i Loews -i .. Loose “ lilcKer lifnr-k Mrith . Miss i Miss l Mom . . . . . .. 20% 31/4 Nnnli l2 12 Niiti r 12 121,4 min 2s w‘ Niiri 141,’, 1m Nail 3 5 New 5 41/, Ne“ inn, 10% Nor Iylr 13% 13% lmr 16% 18 Pur- l'll' (W; 4 7'" 99% 20% l'ii' his“ 35y, l'l' it 101,4 Piil ' 31% Rnil 5 Radio 1% - 127i 401A 37% 7 3'6 14 151/; 11 14 3% 34% 41% 0% '27s 3% 21 3| 325i 537s 90 13% 2% 12st 41% ' l2 ~' 115 J 32 Van film-l . 12% Wiirnrr llr-in (‘n . 3 Wnrrrii lfriiii 4% 4s‘ \\'|'s( rimiii . . . 25y. air/g, Won! Hli-i- . . . 421,4, 43 wmiiviiiriii w. mo. ma‘, ivsrui riiviin is 1n’ Yellow Trlivk .. z 2y,

IIRIDGIHNDWN W. I.

EXCHANGE

(Canadian Press)

MONTREAL, May 3—British and foreign exchange in relation to the Canadian dollar as compiled by the Royal Bank of Canada closed today u . ..

.Argentina. peso .2549.

Australia pound 8.8754.

Brazil milrcis 0674.

China Kong Kong dollars .5970. Denmark krone .2160

France franc .0662.

f‘ a ichsmark .4043.

Italy lire .0627.

Japan yen .9870.

New Zeeland pound 3.9146.

Norway krone .9441.

Poland zloti .1907.

South Africa. pound 4 8N8.

Sweden krone .505.

United States dollar 5-16 per cent premium.

NEW YORK. May 8~Forelgn exchange irregular. Great Britain high 4 84 1-2; low 4.83 l-2; close 488 5-8: 60 day bills 4.83 l-4: France 6.59 l-_4; Italy 8.24 1-2; Belgium 16.93; Germany 40 30: Canada as u-is.

Closing exchange rates:

At Montreal-Pound 4-85; U. S. dollar 1.00 5-16; franc 6.62.

At New. Yorb-Pound 4.83 5-8; Canadian dollar 99 11-16: franc 6.59 1-4.

At Paris-Pound 13.40 fr; Can- adian dollar- 15.10 fr; U 8.. dollar 15.16 h‘.

In gold-Pound lis, 10d; Canad- ian dollar 59.12 cents; U. S- dol- lar 59 30.

Currencies

(Canadian Press)

MONTREAL, May 3-—Changes were only narrow in light trading on Montreal foreign exchanga to- day." the pound sterling losing slightly while the United Slates dollar and the French franc held firm. The pound moved up 5-6 of a cent at $4.85 and the franc and dollar continued at 6.62 cents and 5-16 of one per cent respectively.

NEW YORILMAy 3—i1Villld irregu- larity developed in the foreign ex- change markets today.

The pound sterling lost 5-9 of {cent at 84.83 5-8- The Canadian dollar was unchanged at s discount of 5-16 per cent, while the French franc, closing at 6.69 l-4 cents. allowed a los of .00 l-2 of a cent.

Along The Waterfront

-__4.__.

The first steamer to arrive in port this season was the S. S. Gespesia of the_C1arke Steamship Company Limited and in com- mand of Captain George P. Caron. She left Montreal on the 25th. making calls along the Gaspe coast and Antlcosti island. She en- countcrcd considerable ice in the straits, calling in at Summerside and Pictou, N. S. The Gaspesia sailed Thursday evening for Sum- mersidc to take in a cargo of po- tatoes for Montreal.

The government tug Fredericton arEuntairr, Bell's yesterday took in birnker. It is expected she will leave todiay for Pictou. N. 8.. to be placed on the marine slip there for repairs. She will leave for Syd- ney, N. S., to take up her duties attending to a government dredge for the season from Pictou.

The tug Amla. is now in readi- ness, completely overhauled for her duties attending to Dredge No. 9 now in Montague, and it ls ex- pected will sail shortly for that port.

The S. S. Hillsboro is now mak- ing daily trips between Charlotte- town and Rocky Point.

The York Point ferry is also op- erating daily.

The S. S. Harland, Captain Hughes. made her first trip of the season yesterday, leaving ,for Vic- toria.

The S. S. New Northiand of the

UOT

»..,........»v-~.<-v-~-s»-vi—-i ._ . '

Miscellaneous

(Canadian Press) MONTREAL. May 8- Wheat, nor no 2 94.

Barley, C W no 3 58.

Oats, C W no 2 52.

Oats, C W no 3 46.

Oats feed no 1 45. - Flour spring wheat patents, firsts .50.

Flou- seconds $5.00.

Flour bakers $.00.

Flour winter wheat patents,

chioce $4.10 to .15-

Flour white cxon $5.50 to $6.60 Bran tan $27-26 to $28.25. Shorts ton $38 25 to $29-95. llflddlings ton $30 25 to $31.25. Rolled oat-s bag 90 lbs $2.95. Bay no I per ton cariois $13.00. Cheese no l Ont 10 1-2 to l0 3-4. Butter no 1 97 1-4 to 22 l-2. Eggs, in cartons A large 93. Eggs A medium 21.

Exes B 80-

Eggs c 19. .

Potatoa No l green mts Que

lights 46. Que mts darks 35. N. B. nits 45.

P. E. I. mts 48~ (Canadian Press)

NEW YORK, May ii-Index of 15 staple commodity prices. (Dec. 31, 193i equals 100: i926 average equals 230.55).

‘Ilodsy 166.8 prev day 156 6.

Week ago 156.3 year ago 134.4.

1935 high 160.0 i934 iow 148.4.

1934 high 156 ll i934 low 126.0.

1989 high 148.9 1933 low 78.7.

(Copyright 1834 by Moody's).

To Face Trial On Man y Charges

_.._-_

(C. P. Dy Gaarlaws Special Wire)

‘IOQWNTO. May 2-011 charges of armed robbery, auto theft, kid- napping. unlawfully seizing persons. abscondirig bail. and receiving stol- en goods, George and Robert Prince, brothers, were committed for trial today. ‘rho charges arose fmm the hl-jacking of s tobacco-laden truck (m the Hamilton highway. Oct. ll. The two were brought fro-i. Saint John, N. 3.. to face the charges.

Central Guardian par word; per word:

par Inch; Notices o! '1‘

word. (Itin- ratoa on applleanion. smir- III

BATE-Ia per ward, three lnsar Irlae

tioas for aha o! two. strictly payable ln advance.

FJTT":

F011. SALE-TBOTIING MARE. 1100 lbs., sound. Bargain. L-7267

FOB. SALE —- AUCTION IOBTY- Five. Bridge and Whlst Scorn Cards. Guardian Central Joli Printcry. Nov. 1-tf.

FOR. SALE — HEAVY SHOWN Paper suitable for placing under rugs, etc. Guardian Ofllgeh u

FOR SALE — COOKING STOVE. Cheap. 19 Chestnut Street. L-7258-5-4-3l.

FOR SALE-WHITE FIFE WHEAT Apply Mrs. Percy Mutch, lift. Herbert. L-7250-5-4-4l,

F011 SALE ._'. BARRED ROCK Chicks hatching May 4th. Willard Howse, Brackley. L-7l49-5-2-3i.

FOR. SALE — AYBSHIRE COW. Freshen May 10th. One Guernsey Cali. Apply C. S. McMillan, Mt. Edward Road. 11-7196-5- 3i

FOR. SALE - TIMOTHY SEED oats. Apply James Stockman, Wlnsloe Station. L-7266-5-4-4l

roiiiiiizfrwvofiibiisiriwmi caretakers house. Ideal location. Near city and on the pavement. Apply Bov V. 116.

l-"_"9“;5;3°'5' i4~

is. nu». ,

ONS

an»...

Mt.’l. Stocfi

‘ E XC clnge l . I. ~a (Quotations ‘ed by .1 and Ward members of the M real Stock Ere ge. Curb Market. I56 R hmond Street Charlottetown). - w Stocks (mused Ili- .... . . Biitiiiii»: A . . . . .. w’. M, Bull ’l'ol . . . . . . . . . . . .. 124"; 124% lira: T i. l'll\l' . -\"‘.Li ' 3i Bruck Silk . ‘ ’ .1015 (fair (‘in- (fiiiii .7 a (‘iin llll’ pill . . . . . . . .. ‘ 13V: (riiii (i! l'i'il . . . . . . . .. 107 ("iiii 1'1’!!! i-iwi . . . . .. new m.“ iriili-i. fllrlf phi 42 ciiii lilfl .\i .1 . . 9% iisii iiiii AI B . 18% (‘an I'm" . -- 1m!‘ (‘ili-kshnl I'lii\\' 1.5% (Sons Sun-ll . . . . .. - Dillll llliili, 29% Doui (fmil l'i'|l . .13 . nnm (this); i'i.iii .. 1.li1-_-‘ mini su-i-i ("i-iii ll i. 4B‘ ,. (lypsinii .. .. . . .1}, 1101i nnm Mill's .. ma’. 1100: Inn Nlvlffl] . :71’. lnil ]'U\\' .. lVi l‘ iiin l'0\\‘ rm . 4n 40 siwiiu Fflllll m i-‘l 13 ruins l‘n\\‘ m. 27% Natl iin-ii- .. r1116 Nat xii-vi 1'.l\‘ 10 llnwnr (‘i w 7% Qilelior- Iii.i .. 15* Nhawliilyznw ... 15%.- Hnuih i';iii Piiii- . 10 gmel m, (xiii (‘iiii 431,5 431A) Steel ("ii 1'11!) iii-l 421/, 49% i \Vln Eli-i: .. 110 110' BAShS (Tommi-rm . . . . . . . . . . .. 1M Montrmil .. Nova Sr-iuila . 200 llnynl . . . . 16f.’ - Bunk of (Yin. 5S $5‘

Markets A t A’. Glance

(Canadian Press) Toronto and Montreal—lndus- trial stocks closed higher. Toronto Mines-Silvers higher; golds lower. New York-Stocks closed higher. Wirmipeg—-Wheat steady. New York-Cotton and cofifan

higher; rubber unchanged: $113M lower.

locals, 0e per ward; Western an Announcements and Coming Event; In. Io. In Inner-lam Notices. 70c. per- inch; Splrltnnl Offerings, Cnrda, 010., 4o. pap name; Intters of Condolenng ‘lie.

hanks and Appreciation, 70c. pa: lnsb or 4c. pi