JANUARY 2a. 193s "

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1101-1161116?» Wcdn esday and , y Saturday Issue 4

GOSSIP

. . '\ . JII-lbllaiewjsd p141 ‘ ‘ - . . ""5 ' “ """"“~'" " "'?‘=t*§'d-'*°I*'*-‘§*El“@‘*=>. 1:“- - . __ _, \,I°l,¥§30, . vs 18,3003“; ‘lbgsent “altar: _ - ~ V H,“ y A. ~ i.‘ peels-in 1088.

" ’ » asseltfrgshiyr‘ " _ msu 1.4.1.» on . than“ '1M8li1M,0l10244 0.44 -.-. - .1141» sin-sis: on

“i... 11.1,» up

. 0Q 72 0 11 Dow Jones.

IAIING LETTER

einw. roux. N. 1., .1111. liP-Wbeat

. 111111.111 110a 0.0a "ll

Y. Stock Exchange -

:_Iigh Law 14st '11.

gm psteats firsts 2S 3' “i? his‘ 817/:

Flour seconds $4 00 Flour bakers l4 80. Flour winter wheat patents choice

Flour spring w 30

“r410 w ‘in? at so a so 0o i ‘

0D!’ W 8 00H‘! 0 . . .

Bran ton 32s is. 4H6 fill Shorts tori no 2s. B" g

1a in ton $1221 to mas. ‘Nit-- _~

Rolled outs hug 00 lbs I3 N. > A‘ Ilay no 2 per ton csrlots l5 O0. - ‘ i ‘ Cheese No 1 Ont fall lo - l. w

Ohoesc summer 11% to . Butter) no l 24.

Eggs in cartons A l large 34. Eggs A 1 medium 31.

llggs A 1 pullers 30

Eggs A large 30.

Eggs A medium 28. Eggs A bullets 27. Eggs B large 2d. Eggs C 2.1.

Potatoes Que 80's 45-41 'N B 80's 48-50

P ll I 80's 50-56.

EXCHANGE, it

(Canadian Press) MONTREAL, Jan. zit-British and foreign exchange in relation to the Canadian dollar as compiled by.ths of Canada closed today

u

I‘ “ (Colllian frees) TOIONTO, ha. 5-‘ lbeks - .

Belgium beige . iii. Csechoslovoliis crown .0415. Denmark krone .2181. France franc .0154. German reicbsmark 10H. ritain p87‘ ll 48W).

sly . Jfapan yen .2847. {ugosiavia rllnsr .0 .

aw Zosland pound 8071. ‘orway krone .2451. South Afr-lea pound 4 6002. Spain peaeta .1350 Sweden kroua .2810. Switsariand frunc .8120. United states dollar 1-32 per cent

premium. (Canadian Press) gfilgfnion Closing exchange rstes:— and“ M Montreal-Pound 487%; U. I dollar 1.00 I-liil; franc I 64 At New York-Pound 4.8T : Olli- ldisn dollar 00 15-10; franc 58%. , At Paris-Pound 74 M fr; Canadian 1101i" 1520 fr; U. S. doilsr 15.30%

francs. 1n Iolfl-—Pbilll (knadisn dol- Inr N18 cents dollar N.U

cams.

NEW YORK, Jan. flb-Foraign e:- ebuaga eas Great Brits! high 4U as; l 55; close 487$; 00 dsy bills 4 87; France 6 53%; sly 8.475‘; Belgium $.10; Germany 3988; Cs - Ids 0O 15-16.

d 12s; U. l.

ouousWalJ Street picture. and

7 - ward frsctionally including Allied

V‘ so; Gemini

(lylraflk hlaoiVffllen)

(Alocisted Prose Financial Writer) (LP. ny Guardian's Special wire)

NEW YORK. Jan. H — Stocks “tamed in a dull portormwoe tvdoy. with firmness in some of the util- ities. and a few specialties nearest "bogus-ouch to features. Activity was smlli. ~-"‘ "

Commodities did n0 more than equities to add mlor ton. monot-

bomis could only offer an upward flurry inaoine or the government ‘guaruuteed issues ‘and a little stif- fening in‘ utilities on» a relatively snail-turnover. "lhnafers o! stocks sozresstrd b10300 shares, while the Associated Pines average for 00 selected equit- ies, at 30.3. advanced .12 of s. point or a-little more included 0on- soliCatcrLG-os at 20 7-8. Public Ber- vics of New Jersey at 2'1 1-4. Col- umbia Gee preferred at 50. ikoples cu at 2! and American and. Flor- cigrr Power-preferred at 18 l-B. ~ The moderately better sentiment displayed in the share and bond mlrtets toward the utilities was accompanied by no definitely f"- orsbie news develop .. ‘s. frellmiuary earnings of General Motors for 1934 appeared after the close oLtrsdlug. revealing common share net of $1.89, comps. " with 51.12 in 1m. _ ' Most of the wheel-horses in the stockmsrhet were able to edge for-

Chemical at 188. American Tobac- do n at 81, American can at 114 1-7 Bethlehem Bteel at 31 l-4. Mont- gomery Word at 30 3-4, Chrysler at Electric at 23 7-8, Btuldard Oil of N. J. st 42 1-8 and Union Pacific at 105 7-8.

MONTREAL EXCHANGE

1C2. By Guardian's Special Wire)

_ , Jan. QS-Jntrreet centred 0n s few selected issues on the Montreal Stock llbtchange to- day and the general list was more or ‘less rliglected. Despite the lack

PRODUCE

snadian Press)

25 cents a dussa for A-medluin. 20 to 21 New lets 18 to 185$ cent! a.

1194 csnts fo

o“: became large, 22 cents cents for A-pal

I-‘Skiar-‘lgylso fr” :1:

for n and 1 1o r C. Im- chstiged-to a cant blyoher than yester- dal. Receipts evens 7 eases. . utter was mostly 1t cents a pound lor earlots er less of No. 1 wl ra- caipts totalling 817 bores Solids sold for“? cents and prints 2G oentb a po a . - Cheese .waa again quoted at 10$ to l cents a pound for fsli make no ‘l w :1 ilsterlo s d 11% lo 11 cents for riint- lou All - v ' bier hrs s. hseeipts amounted to 20 wit‘: .. ears ._ .. ~ ,.,, tt b llht. 45 to 41] - csgmrrgbkoaail-nd '13.}. New Brnns- Bu lvsh - g ‘less 48 to cents and Prince lld- sglvsntta _ lrq Islands IlO to lid rents. _ Tech 5: -—~—--- Ft?’ * aeunm ~ MT’L CURB l- “t; 0 - . ll . l mu Alnu a . ..__.__ - - r s I f.

. 1e. ssl v.1 sflllil ‘ a‘ llI‘il“;..|

' ill 100.2‘, hld ill effect 0n construc-

ysuess. Power issues, were also

o!‘ interest, howevs , lirirrga mau- aged to give s, sharp display of strength and a majority of stocks showed gains st the close of dwi- iiigs. ‘the average of l0 utilries and 10 industrials mas J st 61.5. _ With little in the general news to‘ inspire them to make commit- ts and with traders in Wail t failing to flinr: aside the mantle of gloom that has depressed dealings in that centre for some tits-n, volume here tinued light in gait! of the upturn. bus than lMIlO shares changed hands, the lowest volume on the local exchange for close to a month.

Release of the Dominion Gov- ernment's eatimM-te for worlu to be g uring the coining rear,’ while notes substantial as

tlearstoehs and the group followed up yesterda ‘s-rise with further ad-

ahongwhlle traders continued to ‘ prom 1 sls v fdiowTngn it” of in! tiini Io-rsstllste tbs industry in Quebec. Meal-of Quads paced the con- group with a lain of l4 at ‘If while Dominion gr-"ve and othirl lbwed nsrrmv -'" . Qfls Milled III! shares, bo-ndv

leed-“h t h dvrbil u A 7.0909‘ 5| ‘Cgrnjepsz: Qgnliiglbic‘? ‘Cotter? Q's: Am . 4% sew cased’ rs lly unchanged or 4W c0 - - - - - - - -- 1 13 gait’: ' I - g-htifh gbor and recent ~sdvices ea gi’0\;.I-|ll¢~-- n- ~- l ' --e -- ~01 . ' .. . . - . . .- nri-rsn. rssasar anions! t "“&.£-°-'-' aclzafgdwss 3:111. ‘digest Am Potatoes pk . "NEW YORK,‘ -lf."!‘-. Ian. '»$-”~qqp| m“; q,“ 0g “new” lg “n, ‘ Ana-Bu sr 011°" “m” -- '1'"! WWW! It we surf-snout lllls thing is possible and 11.3 Indust- Am Te 3°!" 3°" .44 "NI!- " ' " . trial IVIIIIBI which l said should All! T05 Chicken Bach g “Willa err leslinss report sressd ‘lose bout‘ hsi-f of their recent gains Anaconda 1:2‘; gag? u? “flkgr-k "bu" ‘ 5 ' cit’ wn to 103 01$ they ‘should go t"; l0 A I lb 1311.11» unease-met ttlidi-Jfiit lsttlieftii? layer; mirmiidsiflii idiom“ com Rom Pork must rate or»! roast. - cent. suns l do he: tuzn. there is an; 3:111 . "l" 7504100 . Joule lpssssdgl . ubllc an cause for worry sud while 1 do Barn A Due -'-- ' Ignite sf Bill- vote o! Q88 Is. ao lo kfor inuch ir any activity till Bendix Aviation ital-roll 4 ‘h " 1 a 1 okers insulin-New Icrk- in week ‘alter ext. week '1 ei reasonably -.B'eni'lix Aviation 1L Dnions m» 1 ended -1su.' "mulled |6e4,o0o',0oc cerfalnjbgl; thymcuon Wm b. w“. Beth‘ Steel s1 Parsnips 3 lb 0e‘ m!‘ NW1"! 70¢- .; fl ed to the limits outlined above 31'1"! -- --~ 35 Apples doz "I"! "onto olume of reserve ~ 101d you to expect - such a m. nym s u .. 11s _ Beets dos 3'5"!‘ Qfllllt» oil _ filling-do Wreck back when the averages were near Burr Add Jllfil 15 Jlbbsgo Jiligsal, Ian. 28 was l2, 08, ,. up - ‘ Con Oil 11% Butter ' 000 over pttvi us' was .' ‘hut _ There is, nothing new- l can ‘tell . 15 3mm _ 18110111000 below ll a wook-‘lfldh < on sud the-recommendations mad: C l8 Eggs do: _, N Xlbnlersljteserve Bankratio n- our last three letters stll hold N? Turnips 3 for ._, . l0? Wonk ‘of Ian. 28 was _'l4> 1v against {no Th: buyingfigures we men- 31L Cranberries lb , n ‘. i" gwlag,"agtillaiiv.wf%ulltl ‘ilk; honed‘- dlillllahl the‘! extrema of tbr a; - . ' a ‘ . e ‘res o - nan I gnros “Ivoéta 13:‘ » - I; gslfiegescdy long:loaegnddrivggfgoiiwiioriid 412;’: ' . - l ac (its ~ u ‘I8 any urt er p to acquire PM M r .‘-“;'1d‘."“ti:‘.t'.3“ "'2." °"~1°"""* 11ml: °s'..£i;"i‘::;'.."a: "tartar; ‘c #5.. “m” "Mkml "W 045v vraviounlywse sfobk‘ had Steel. eta sethigeaeeflscee n. s m ggllzitfbiif ~-~’ -~ - 1 ‘aQagfiIIRQtOPIYphII. 212m.‘ u". g gmfvshq; Pfwglr. l-Untd. ‘sine 22 " ' ' "‘ - 1 ~ . . Q v I In I OIIQ- ll W9 ll """ ““"' "’ -- '" ..i::-'-*1l. “*1 " a ' tvszztr: 1.1.1.?- tm-ste. :11 stock o! Illusion 05' . on ~ iobal Stores a1. Bali? s4 ‘Munlgomer- IQ ,_ . muazrek falcon?‘- "numm: Jer- Wsrduflphleoawa a2, std on of n a; ’ . ' C6~ HOIX‘ . ' s merit .0? share; m5?» in ' sachziugs Baring. - . . - a " ' ‘ ' ' ‘ l’ r la l Dupout 04, 011,4 _ ._ - _- _ . _ I Kodn 114 114 ‘ - _ - I E190 Auto Lite Co 25 Qbbfi .. ....., a ~ r 1 ' N W Y ORK t": tot it“ ~ slotvrunsn. Jsu. 2s- . . y . . h; m‘ “f” 2a a Wm“ "°' "° a ' ' ' T ' --——-‘ ' ‘ ' ' ' GsuepAs halt ' 11 11 323% Qvye“ a M a Wgbhliatoiisid were) ' ' 1p - 23% o,“ c w m, a 4-, 0816A Oplaa zs-.-. _ . » -. 34% om ma no 1 4 W =— I . 911%

u» “mo:

Kalvinl-bor . Ken Copper . lainbsrt Co ..

Iicewl lncorp .

Loose WlVs Bi

Mont. Ward .. Nash Mot Natl '31s‘ Natl _ Dairy Prod Natl Pow Light Newjlaveu

New York Ceu . . 18M orth Amer» 12% North PM 18

Pack Mot 4% Penn lhil 22% ub Ber N 27% Phil Pet l!) Pullman Co 40% ltadlo Corp .. . s14 m. Radio Keith Orph . . 2% 2 Rep lron Steel 14% 14% Safeway Stores 30% 40 Sears Roebuck 35 31M Sim Co .. by, Socony Vac 17H South Pac .. 159;, South Rail . 13 Stand Brands .. 17 Stand Gas Else 4 Stand Oil (‘oi .. 30% Ntand Oil N J‘ 41 Stewart Warner . 1a Studebaker . . 1y. ‘Ibex-maid 4 1015 tit 40 10% it 1T B Rubber us‘ U S Smelt 0o 199 ll B Steel 37% 31s‘ War-nor Bros Co l1 4 Vsrrcn Bros . . . . .. s m,‘ West Union , . . . . .. 1 y) West Else 3g“ Woolworth Co 53

II JIEMIIRIII

JOHN I. LLEKLLYN

Thedostb occurred after a brief illnessst the Aberdeen Hospit ion Wednesdll’. Jan. 10th, 0f John H.

Sir Robert Borden lAnd Crown Life

- mswrrm, "Ont-y Jan. ail-m- ioicinz in the gradual but‘ peuist- ent Profroas of economic recovery in '

Canada and finding 1n recent world ’

a-full measure of recovery, Si: Robert Borden sounded a stron‘ note of optimism in delivering hi). Presidency " at the litmus. meeting of the Crown Life insur- llmo Company held in Toronto,- “Durlng the past year the Crown

Life has made an impressive rec- or ," said Sir Robert, "which should inspire the Companyapol- .cyholde and beneficiaries »with full confidence." After referring to the great increase in Canada's ex- port trade with Empire mung-m. following the Ottawa Trade Agree- ments, and in the substantial im- provement recorded in _ manufacturing. construction and other industries, ho stated, “it is Iotislsotory to note that in "our MIMI‘!- thfi Bomrul improvement which boson in March, ma, has ‘been - consistent‘ ~ - maintained." mUnemplDymHlt which has always hcenwith us is still serious and it probably will continue so for a. con- llderlbh Defibd. but its severity has been materially diminished. The gravest feature of long continued illlelllllltlyment is its effect upon the morals of those obliged to seek 0,1

10 0 "cw"? will 9118118 without Qeneral

14 constitutes a notable record.

Llewellyn Hillside, ‘rrenton, agezi 40 Years. decsaswi served Ov- eraess in‘ the World Wm- and. was a victim of the dreaded poison gas. As areelllt of this he did not have the necessary rraistauce ' when stricken with his lsst and fetal ill- ness. Although‘ everything wa- done by loved r | nd. medical skill. in attendance, desth earns after s brief illness.

The late Mr. Ldcwellyn was a. ria- tive- of sturgeon, PILL, but for the plat number or years resided st Hillside. ‘Ih-entcn. Be later pur- chased " s farm st Qutberiandu Crossing. liewss a valued em- ployee o1 tbs ‘nentoa our woriu- where he was popular and highly esteemed by his fellow workers.

There are left to mourn besides his scnowing wife (nee Ilomuoe Reid). ht father at the old home in Sturgeon. 9.111.. two status and four brothers. vis. Ulla, (Mrs. Wm. Johnston), lturgeon: Susie of Hopewell, I. 8.: Richard, stur- geon who came over to attend the funeral: William, of Alb‘on. P. n. 1.; Albert of Portland. Maine and Dmgamin ‘of Rumford.‘ Raise.

The funeral was held from the Isms or his- father-in-lsw. m. and its. domes I. Reid, Hillside on Bimdsv afternoon at 2 o'clock and was very Ilfloly attended. The im- orusive servi~e was conducted 11y his minister. Rev. t. C. Lewis. pis- tor of the ‘rrentou Ufilhd Church. Mr. Lewis hrcuflt s oomfortiri! to the scrnwiflg family. referring to. the sterling qualities of. tbs dsprtnd. The choir of the Utiitct‘, Church led in the following hyrrns cf m-alsc: (l: God Our Heln in Ares Put. Bicep on Beloved. Ind "It the Beautiful Garden oi

Prue?“ he fierilniilv rr-Wcred i‘ a dust I "GS l. Geo. Aitk-"u and

0

Genus fliflh c.‘ New Glasgow.

acoleapiz relief)’. “ u we should not indulge in ex- treme optimism. During the {our Will's of war the world wasted m; Fllbstmce 1n destruction. During the ten succeeding years it was spend- thrift. Collapse was sudden and re. WWI‘! W111 be gradual and may still be Doinful even in countries such as W!‘ 0W". abundantly endowed with material raources and holding ca. W11 1101b of eventual prosperity The 11011181.)’ ' virtues hard "Wk W! saving are not to be des- pised. ‘Not only in United States, but in many other nations mags. w hfl-ve been put forward to com. c fldeiimsshn. measures to restore t?!" deli"!- to remove anomalies in e social order, to Strengthen 11,5 fabric. to stimulate recovery. These ha" hid varying success; u; u doubtful whether in any Qounh-y a "ti-Bfwtory measure of permanent

world recovery, which chiefly de- Mflds llptm assurance of peace, m. sumption of intercourse, exchange 0! Products, stability of exchange “gee: staéldsrds." esdwue b the C We 111 1W4. dsststeayln theta”: 330m report amounted n» $19,305,. "as" with $35,691,247 in mag“! to li-llilsaforce was in- . . as with $188,821,915 s. year 11122111311151: olliense ratio was again redilcedThe Every class of bonds held by the 9111119811? has shown appreciation in market value during» the p”; y,“ and lntgeverai Jnstuncss mm-m PBYIIICR 1 pt l 1 hue I “fig? Y suspended 5mm“ 5mm!“ dllrlnd the year were $632,102.39. oi’ which $142,115.41" W" Rbplied to further strengthen. lng the reserves. etc. $267,378.16 was lllPlled toward dividends to policy- holders. em. and the balance of $3"22'.?.“...l“w..§‘5§“§. ‘° 9*“ “mam”. W s ands at

After the service the tortegs wended its way to Hillside ceme- tery where all that was tncnal of s-good citizen. a" kintl mighbar and devoted husband was laid to pollbelmers were Avlster 1003M. Bliss Grotto, Gearge 111c- Ynuzie, Harry FIB-SET, John D. Mur- fl! lhd Rnbt. O. Halter.

‘Hto following were the floral of- farihfl - (hit flowers: Florence, Irrays: an. and Mrs. James n. IUII llld 000110, M1‘. and Mrs. W. O. Oantley, lfr. slid Mrs. J. D. Mur- rev wd ismlly. in. and 1m. .1. w. Rdfl, III. slid lfrs, 'I'l1on-as Mur- IIY. Iltbar. Brothers anti Bisers, Ir. and ll-s. Geo. Brown and fam- ily. Writths: Mr. and Mrs. J. R rcnerscut mowers: Mr. and Mrs.

ills W.—~NQI Glasgow News.

“out! hQPfl of better ‘g mational ' understanding and cooperation which he decl ’ to be ntial v.

Royal .. ‘ Bank of Canada

v

a ,.. 1., .-

at“... ‘time:

The Crown Life Annual Report for 1934 la a striking indication of the improvement of business conditions generally and of the outstanding progress which this Company, inparticuiar, is making as evidenced by thefollowing facts:

loss

Assets ' First Mortgages on New road” Inued - G Rm] EBWW- ~ ~ - - 40% $25,691,247-00 $29,305,?16.00 ovenirnent an . p..t‘1?.'"5i.?f§f 26% fwd-mild FM I-“dusuial B°nds' ' 5% 138,821,915.00 147,861,463-00 i’ Preferred and II Common Stocks... 2% C h! co - Loans on Cornpany’s l” 7' m3 . r flPnjlg-cgggc-e- M - - -- 16% 5400971124. 5,963,075.67 5 o .. Other Real Estate. 3% Cash and Other u ' A886?! 1"“ A“""~-- - s? 1s,s9a,0a1.16 21,oa4,a99.04. l 100 ,, I Av°flg° 3:59:59 Capital and Surplus "‘°'°“ “m '1 % 1,133,107.45 1,370,934.95

Ilhblllhifl I900

Presiden f

INSURANCE COMP

Rt. Hon. Sir-Robert LsBorden‘ H. R. Stephenson

' l AY-IZ1IIQQQHI Ill! I'M-II , I H 5 I 2 iii: I ill I hl-ilifil-Qflhlfllflfili

I934

General Manager

J. C. Saint, General Agent, Brace Block, Charlottetown. J. M. Affleck, General Agent, Albany, P. E. I, Branch Office for Maritimes: MacBeatli Bldg, Monctori, N. B. R. C. Macdonnld, L.L.B., C.L.U., Superintendent.

w.

1...‘. "L"

Mt '1. S to ck Exchange

(Quotations furnished by dnhmltc. null Ward members of the lllontn-al Stock Exchange. Montreal (‘nrb Mas iset, 1B6 Richmond Elreet, Charlotte-

town.)

-_-__._

Ovens-d

Blocks

Brill-k Silk .

Build Proil

Can Bronze (‘an (‘un (fun Gun

Col Cum .

(‘nu (‘an Can (Jun Can nc .. (fockshnt Plow Col‘ Surclt.

Dryden I'm-or .. Dom lh-Zdgr- . Coal Pill Stccl (foul B . To! Coin Steel Wart-s

Gypsum How Srniith Paper . . . lloll Gold limes lntl Nickel

Iiiil POW Xlltl P011‘ PM Lake of Wnoda hlurisey Harris .. McCall Front liiant Pow . . Null lirew Nnt Stet-l (‘nr

TN.

h I

t-lhuwlnlgun . ... Steel (‘o (‘an (‘om Stcrl (‘o Cnu l‘f1l Wall Cotton ..