APRIL 24. rigs .__.

ES

vlsllllnlvs ulcll llllllll lluullmllls

Gorrectedl For Every ‘Wednjcsday and Saturday Issue

____.

-___i. '1 PRODUCE

ilny pressed’ wt llziv, 1000B. cwt .

RETAIL IARKET

Potatoes pk

Celery hunch Iioust 1100i . (‘lill-kcna ouch ... _Si<*\\' mmlin . . . . .. .. I'm-k chops ... ... ... .. Vvul ll: . lions! 1'ur

But-ll do: ._ Czililingu .. iiutlr-r .

MARKET

(B! Johnstcnhnd Ward's Special Wire)

‘MORNING MARKET LETTER

NEW YORK. N. Y, Aoril 23_ The market opened active and hluher yesterday, but with the ex- ceptnn o! the Utilities. made little further progress during the day. A iirm tone, however, was main- tained. The Rails again were un- able to make Dimes: and the D. J. average is now slightly lower than the level reached on the rally o! a week no Saturday. The 1n- dlustrial average has gone u/p near- ly 5 points in this period.

We suggested yesterday that Sot- urdays market might prove to be‘ a “buying climax" and the inability 0i the rails w show much rallying power adds weight to this possibil- ity. Some hesitation, at least, should develop at this level, and new buying might well be deterred tor O III days.

Laidlaw and CCmpuny.

SUMMARY

NEW YORK, N. Y, April 23--

Gold bars 143s 6d vs. 143s 7d. Westinghouse Electric and Mtg.

March quarter earned 87 cents a

common share vs. net loss $1,776,-

Crculu . liggl do: Turmps 3 for Cmnhorrll-s lb . ltliuharb lb . Radish, hunch ..'. (‘uullllowi-r ... lleilui-e holul TUlIilHOPS lh .. {Oink pigs, pa

Ma rkiets. At A Glance

(Canadian Press) ‘lbronio and Montzeui—lndus- trial stocks closed higher. Toronto Mines-Golds down; Rivers and base metals higher. Nat York-Stocks closed higher. Winnipeg-Wheat up 1 1-8. Newdfork-Collcn and coffee lower; rubber higher; sugar un- thanged. ‘

EXCHANGE

(Canadian Press)

MONTREAL, April 23-?’."tish and foreign exchange in relation to the OMB-dim dollar as compiled by the Royal Bank of Canada. closed today as follcwsz- '

Argentina peso .2581.

Aust alia pound 3.881.

Brazil milreis .0603

China Hung Kong

France franc 10062.

Germany relchsmark 4046.

Great 13"’ aln pound 48699-

Holleni fun-Ll‘ .6785.

Italy lire .0828.

Japan yen .2873.

Now Zeaiand pound 3 9273.

Norway krone .2449.

South Africa pound 4 B456.

Urllfzd Links 0011M‘ 7-16 P" cent premium.

NEW YORK, April 23-—1""or¢18" Qxchangc irregular: Great Britain high 485; low 4 84 3-4; close 4.04 v-a; s0 day bills 4 as 5-0; Frame 8.5914: Italy 8.24 1-2; Belgium. 10.93: Gcnnany 40 28: 110110116 87.53: Canada. 99 10-32.

Closing exchange raters-

At Montreal-wound 4.87; U. B. dollar 1.00 7-16; franc 6.82.

At New York-Pound 4.84 7-8; Canadian dollar 09 19-32; franc 8.59 1-4. ’

M Paris-Pound ‘l3 55 ﬁr; Can- adian dollar 15 10 tr: U. S. dollar 15 1'7 1-2 1r

In Gold—-Pound 11s 10d; Oanod- ian dollar 59 19 cents; U. S. dollar 59.37 cents.

‘dollars .5444.

m

n" wurll- lnllnunrrm 2c per ‘vol-ll: In Memnrlum Bplrltuul Oﬂeringn, Carlin, elm , par lnolu word Olin-r ruin: on upnlh-dlnn

per word. o!

Ill\Tl‘.:~—2c llunn (or the parivv pnynhlo in nulvuln-r.’

‘t?

For §=i¢__~_

FOR SALE - Eggs. Apply John ‘Ihorne, 28 Ad- miral Strcet, City. L-0038-4-24-3i.

ii_____________

FOB SALE - AUCTION FOB-TY- Scon- Ceutral JOiI

Five, Bridge and Whist Cards. Guardian Printery. i“‘

Nov l~ti

‘ wsirran - 14 our. ron cau- Able to cook. L-6010-4-23-tl.

cral housework. Apply Err; I112.

F011. BALE - HEAVY rugs, etc. Guardian Oﬂice.

I03 BALE -_ MOTOR BOAT 21 I1‘. equipped with Acadia 0%. Apply SAL SMEN W NT D W Ernest MeOabc. Alexandria. Household connections, good

L-6011-4-23-3i. sideline. ‘Box 116. L-6029-4-23-3i.

' headway yesterday in spite o! the

Advertising Bataan-Payable in Advance g

Gonlrdl Ilnuvdlun linlll. dc new Iaru rnln and (Po-In; Ivnntl 2o p1 w0rd| Olugmlllrd Notion. 10a prr lnchi Lin: or Flornl null 4n un- llnmri latter: n! Nntlrrn cl Tlinnka and Amvrorlnt on. 7M p" Inch or 4e II

Minimum (‘hnrn lnr any ndvrrtilnnout IIIIIQI-“YI oonh. véﬁﬁﬁﬂﬁ§ﬁﬁ w

llirn-r Inner '- tu-o. alrlrtl)

TVHXTE LEGHORN

_.%____.._____.

_ rmowu Paper suitablc lor placing under

3145i

152 in same quarter last year.

General Food Corp. and subs March quarter earned 64 cents a. common share against '10 cents a share in first quarter 1034.

Reserve boards condition state- ment o! weekly reporting member banks as o1 April 1'1 shows in- creases for the wees c! $308,000,000 in net demand deposits $20,000,000 in time deposits, $109,000,000 in total loans and investments and $189,000,000 "in reserve balances with reserve banks.

U. P. despatch from Kansas City. Mo, says dust from southwestern Kansas spread over 4 mldwesiem states today. Dodge City, Kas., was the center o! the storm. Nebraska and the Dakotas affected-

Domestic Crude Oil output dur- ing week endeu April 20, averaged 2,621,654 bbls. daily, up 6,843 over previous week; according to oil and gas journal.

I. C. C. suspended. to Nov. 23 from April 23 proposed increases in rates on coal from mines on Louisville and Nashville R. ‘R... in Kentucky to specilied destination on N. Y., Chicago, and St. Louis R. R. ‘

High Low Last Up

a0 17nd . 110.01 100.42 110.21 0.51

2o Util 18.95 10.10 10.0: .55

4o Bonds . 05.00" 0.14

High Low Last on-

20 Rails 31.00 30.44 30.54 .00

> Dow Jones. rumor: says

MONTREAL, Que, April 23-'I‘he market tailed to make any material

tact that volume oi trading was the heaviest witnessed in about two months. Prices have apparently entered a. zone oi resistance as far as the lndustrials are concerned and some reaction should develop beiore the market is in a. position to resume the advance on an im- portant scale. There is still a strum! likelihood that the rails will loin in the current recovery. 1n his division the following may be 00n- sidered as buys at the market. N. Y. Oen-tral. Aiohison and Penna

R. B. - Reactions buy U, S. Steel, West- inghouse, Cons. Gas. Am. Smelt-

rriE (ZHARLUFFETOWN GUARDIAN

GOSSIP

tinned in yesterday's sewcn. The lssueolouedatthctopotbheduy, Further purchases here and on m- wtions should prove pmditablc.

Bacon.

BAKING LETTER Monday Alter-noon

NEW YORK, N. Y, April 22- Wheat closed a Iractinn higher

and corn hall a cent lower. I ex-

pect wheat to advance very sharp- ly over the next 10 daw- so be sure and keep lcmq of it. Cotton re- acted a few points and tormer ad- vices hold good.

Stocks rose iurther and‘ the In- dustrial averages to 110.91 which is within 1 point oli’ the high reached in Feb. a year ago.

‘Iihey might react about a. point or so tomorrow, bull», should be bet- ter today's high by at least 2 points before the end 0t the week or early next Monday, alitcr which we will probably get a setback 018 to 5

ints.

Phillip Min-is rose 2 points more, selling at 45 3-8, closing at 44 1-4. As stated Saturday, should cros 50 before 40, and even then it will still be far from ifs real top. Fairbanks Morse made another new hizh and can still be bought if it reacts near 24, though you should be ion: around 18 and 20, I think it will sell above 40 in June.

Amn. Gas and Ellectric. which I so strongly and repeatedly recom- mended around 17 and l9 and 19. stating it would sell again near 80. sold at 28 today. Hold it for about 84. Amn. For. Pr '1 per cent pid rose 1 1-4, closing at 18 l-4. It is way behind the other Utilities and is still a great bargain since all its properties are located abroad and this Government. cannot pester them also, its earnings show grat- ifying increases. It will sell over 40-

Slewart Warner is doing well and should be bought near 9. Oerro de Paw), which I told you would sell .at '70. rose nearly 3 points more, it can still be bought id tt ever reacts near 49.

Notrh American mmended at and below 11, closed at 14 1-2 and Cons. Gas. which we told you would come back some day when it was around and below 18. sold at Z3. Hold both.

You can buy United Aircraft ar- ound 12 1-2, Simmons below B, Loews below 3B, Dome around 40 and Briggs around 28- whet-wise recent advices stand.

Baring. BANOIWS "NOON LETTER"

MONTREAL, Que“ April 23- Strength winch developed in the rails this morning is very encour- aging and suggests that this d/lvls- ion is likely to move forward while the industrials digest their recent advancc. N. Y. Central, Atchison and Fennsylvania are still in a buying range ior an early rally. Dome acts decidedly better than average in the gold division. The stock is in a position to stage m uptrust of five points from the cur- rent, area. .4 50 cent dividend for the current quarter is rumored for General Motors. Total payments lcr 1935 may reach $2 per share.

Rural electrification contemplat- ed by the United States Govern- ment's Program will require the construction of new transmission lines and is said to promise orders for at least $500,000,000 worth o! electrical equipment.

With the seasondemand for beer in Ontgvlio now in full swing re- ports o! better earnings may be anticipated tor brewing companies in the period immediately ahead.

ing, Inifl ﬁ-arvester, Union Oﬂrbﬂﬂv Am. Rolling Mills, Houston Oil, Johns Man/ville, Eears, Int Nickel and Int Petroleum. The persistent accumulation which has recently been apparent in Dome was con-

i “a u-rn 1nd Kristi-nu UN‘!!!- 2c

Condnlrneo 10c

Vlsirhjllallled

EXPERIENCED GIRL WANT position at Hoiuewonk. Apply 120 Fitzroy. Telephone 267-J.

' L-6030-4-24-3i.

Lost LOST — LARGE BROWN DOG, answers to name "Buster." Joseph

Trcwsdale, Crcpaud. 11-0000-4-22-31.

Wanted

WANTED FUR — WOLF 0B Badger. 1'10 Prince Street. , L-6037-4-24-3i.

Salesmen Wanted

IDI- SALE — G

Herbert Weeks, Prodricton.

i;

ilbvesaam

POLICE WATCH D00, BUITABLI Ior ranch or iarm. Apply Guard- L-5057-4-15-.l'.

l inn Oﬂice.

‘l1!!! I! Till TIME T0 GAVE gin‘ Fur: repaired and rcilned at miner prices. Mrs. Davison. 1'10

INIEAL PUB- m Horas $10.00. Also extra good . heron Mare 2 yam old.

1r@33-‘~M—1L —'* "i

Lloouv-a-a-w-r-u-ul.

To Let

T0 Ill‘ -- TWO IIIATID APART- monta, newly decorated and all modem convenience. Stoves and

Brewing Corp pfd has shown signs o1 persistent buying. Purchases in the cur-reﬁt area should prove profitable.

Axiglc-Oanadian Telephone makes exchange otter to National Tele- phone shareholders. Wiih the ac- quisition of three service stations in St. houTs the Standard Oil o! N. J. is initiating a marketing pm- gram which is expected to mean new alignment 0-! Standard Oil marketing forces.

Judging by the steel orders is- sued by farm implement companies this division is likely to experience a sharp spurt in business.

Markctwise, the action o! Case Threshing, Int‘i Harvester and Dtere is still bullish. Buy on re- acliczis.

Now that production o1 cigar- ettes is estahlishlnl new hi!!! N- cords. trader: are begiﬂlllﬂl i» overlook themcvoment to tax 05B- amites in various states. Yield cn Rzymoidsﬂivoacco '3" is attrac-

tirvc. Damn.

Piaﬁl;

IV. Y. g Stock Exchange

lowmum rumba»: u; 1mm. UNI Ward member-a of the Mont 0% trill. m“°""“'u...l~ arm Charlottetown). ° m

awn Opened but Alr Red ... ... ..... 11'! 1 Allied Chem O ... . 143%; 131:“ Allin Chllm . u... . . ll 10 All Bet . . . . . . ‘.\ ""414 Amer Can .

Aln Car Found

Am For Pow

Am Tcb B Anaconda Cop Atchilon .

Barn A .. Ben Avlullon .. Beth Steel Bnigga .

Byers A M Burr Add Much Con Oil Can Dry Glu Ale Can Pac

Col Fuel lmn .. 115 Coluui Gus l-llrc . . . . . .. 71,4. 7 Com Sol my, 2195 Con Gus . , ' 33% Con Oil t g Con Can .. 13% Corn Prod 51% Del Hud . 30* ll I Dupont . . . . . . . . .. 91% 90 Plant Kodak ... 135% 134 l Ill-ac Auto Lllu Co . ’ 22% 101cc Pow Light “y, 1% Erie 9% Fir-st hat! Siurcs 4g Frecporl. T-x 23% Gen Asphalt 15 Gen l-lloc . . . . .. 24% Gan Foods _,, 35% Gen .\lot .. m“ Gold DPui .. . m GoorlrlI-h llub . 9 3;‘ Goollyem- lull» 1o 155g graham l‘li‘:_'i- 2 3 rreui. Wm-rt fin '3 ' Houston 011 mg, _ 12:’: Hull Mot , _ m}, g Iliti Hnr . . . . . .. 4014, 39% Iutl Nickel gas; u lntl Tel ,_ p, 7‘ Johns Mun n, 45 Kan ljlty south 5% Reivimitnr . , 10% Ken Coppl-r 17% Lambert» (‘o a U! Myrna l4 m‘ Liquid lurh 3o Loews lnwirp ,__ _ 38,6 Loose \\'lli-s liin 34% Mclicespnrt T“ m,“ Muck '1‘|-lll'k . , hi“ Math Alltllll 2:8,,‘ Min Kan . 3, Mont Wnrll 5'5 Nash Moi ._ 13 Natl any my Natl Dairy Prod 1",,‘ Natl Pow l'gl|l s New IIIH". .. n‘ New lurk n- , "u, horlli Anicr '5 “ North Pm: 5‘ Pack Mo! . ,_ | m l'enn ltnil . . . . ., f‘ 24% l'ub sl-l- s .r . gm 19W’ Iiilll; l0’ llnrllo (‘or-p 3%" ‘f5

llurllo Keith Urph “e11 Iron Slvvl Sufewuy S(()|'||H Sears Roebuck Shell Union Oil C0

Studebaker Texu Co'...,

'51s‘: Roll Boar‘. n on (‘ll l ‘ Union 1»..§',_‘,"'_"_

"MW! Con» . . . . . . -—,- M- — . »= ' United Gas imp \vllyﬂi(lit 1o l . ,j " 3 "H! l"! \Vhite Eng 4 , - g 1 U 5 Rub 241's’.- Wiltsey c .0 t t ' U 3 5mm Wright 11 . m0 . ~ O C ‘ ~ _ n s Sh‘! .I\lil' 3i‘- _ w" 5M1. -ll\'0r . . 0034. E h i urncr ll v- P _ _ _ _ __ 1' 1 1~ "gpmqy ' ——_—_ \Vlirren 11:": ‘a om an ks A (Johnston and Ward) Y ‘if w"! VIV-"l l \l.i\"l‘l-II') ‘ I l1! a7)“, PM" _ _ 5W9" 09”“ 1*“ (Quotations furninlu-d by Johnston l .31 w°°“°"" ‘i’ Allicrmlw "H . mm Wnrd, vnemhern o! the lilnntnnl ,,; Ytirth Pump Brownies 1"/s ‘WMM ' ‘ ' ' ' ' ‘ " 12% Stock Exchange. Monti-cal (‘urh Mur- ___ ° °" T"""'k - (31111 NPR 1V1 0"“ “m.” 4 an. 10c Richmond Street. Charlotte- ‘ _ (you 31,1,‘ 41,1, livfiliilill-HOIN ‘Mum ~ Goodtlsh I (‘n Cup gm lin-w Corp loin 3% l p Graham '~ lirl-w vurp . iil . ‘.51 i I Granada . . Ilrit Arm-r (ill .. ‘.5 , ’ (I; grguggrc . “ix/d {Jug . . mo“. oucm,“ | ~ Gunnnr . . . . ‘l5 lilst Song 151/, Baum,“ A (Cgnqlhn In") gﬂllifllﬁ’ lfurll of‘ ‘nu .\ ﬁlm m.“ w] _ mnowm’ 44ml‘ 23-47mm! ugh‘ . ‘i710 ‘ilﬁi. l ‘l’ H 37-. x1?‘ Qiwi‘ ‘,'"“' interest in the slver group o! the v in", m, l, ,; 1,‘, i Toronto mining list flared up today Imp ‘lﬁvh 1",,“ g; , ' ' on posting o! 3 new 1041.39; high uiillly: \, . . "HM l. _, vﬂxformatﬂ-udnuwmhmd- “C .c1'\crs.- y“, . Iii-taking u u» 1m cdwmoon lll§,*,...'..'“.; ilkilllﬂ. “"" ::: ::: i" ::: 5;": ; curbed the advance, the whole l-l-na m» Tcvk Illluhos m,“ p0’, . , ' swap closed with the bulk a the .“’.""“" ‘.“""‘ » - um- w - - mm mom. and stocks were weak ‘ii-iii? iiTi“ "m ' "‘"‘ "“‘ ‘ l‘ v Cun (‘l-m i 111 00B. mu-lltin: in a drop c! the \Vrlght 1m (M Hy,“ , 8°15! 11111181 by I 10W points and the (‘nn lllil mp. g5‘ m _ I gun 11nd dill 1 an [or i ‘vi MW MlaC8i£€H180llS Can Wood Kirkl...‘ QQY“

82 5 3 a§s?§

TERDA Y’s STOCK and BOND Q

(10114 TION

y v-maanum-omusqrvucowtshs. 1 is!

,1 l IPAGE Flvu E kw;

I

W?“

That is only one of trade-mark when you It identiﬁes SIVP, World's standard property depreciation. SWP provi wearing ﬁlm that won’: crack or peel t term of years.‘ You will save money. and disappointment by calling paint requirements. Askfot colour cards of the thr

{THERE IS NO SUBSTITUTE FOR QUALITYK

I THERE ls ASIIEnIII-lvluuas llcsllr NEAR YOU. ‘m:

3 W I

For buildings, outside and in- side. Leads ail others in quality. Save: your property and spares your pocket. Covers more sur- face; saves labour in applying; lasts for the longest time: 32 popular lludes;

you paint with Sherwi - z that retain their original

Q O G A

SWP COLORS ARE PERMANENT, Tool

beauty for the full life of the paint.

many reasons why it pays to look for the famous “Cover-the-Earthﬂ buy paint. It is your guarantee of ﬁne quality paint at a fair price: of quality in house paint; des unexcelled surface protection-m tough, hard- : a and that my: “on the job’? for the longest

MAR-NOT FLOOR VAINISH

Beautiﬁes and protects hardwood ﬂoors or ii ‘ Dries ﬂint-hard ovcrnigln with I brilliant, transparent lustre dul enhances the natural beauty of the ﬂooring." Waterproof; and practi- cally scratch proofs

. Bully applied.‘

R. T. HOLMAN Ltd

CHARLOTTETOWN

“OOVER-Tl-IE-EARTH" SIGN MARKS PAINT HEADQUARTERS EVERYWHE

at “Paint Headquarters" for all you: ee popular products listed below;

greatest insurance against

INAMEl-OID 11in only guaranteed enamel for inside and outside um. Sea sensational new standards of euy application and long-last- ing toughness. Flows on euliy and level] out into a smooth; even ﬁlm of amazing durability;

iii

oil bumm It 30 ‘Upper Prince l,“ Street Phone 818-1» m3... 4m 11-0031-4-11-81. .. . . a OIFICI one: ‘no III -"- T" iurniabcd u- unltn-niliod h ‘Bu! o! Commerce . kap- tional facilities at nllonahie rental. Ami! L- lhiﬂe, IIIIIIII m PM" NI W- Hl-i- ... ... .... t: ... ... ... ... ...

Venture! .. Waite Alan .

wﬂedAif-u-hms-v...

(Canadian Press)

snowman, April zs-orrer- inga on the ilwo local livestock markets today totalled 1,829 head. is were ct 31 cattle, 1,872 calves, 401 hogs and

20 sheep and lambs.

The tew cattle uttered were com- mon to just fair butcher cows and Prices were .

(hives wen practically all o! plum in medium quality. A ﬂew medium to medium good kinds sold up w $4 50. The bulk oi the sales were between l4 and $4.25 and the ' calves as low as t3

Spring lambs made $4 to $6 each according to quality. Oommcn light kinds are not wanted. Sheep were from $2.50 to 03.50.

‘mebillkotthehoguweretiiw for bmcons, fed and watered, with $1 per hug premlumon scleotsBut- chem, heavies and lights were $8.40 and exit! nan-in; $7.00. Bows

In! h!!! I-ﬁb ULI.

MONTREAL,A.pril 23- Wheat nor no 2 06.

choice “.15 in OLD.

Eggs A large ‘.23 to 22 Ezgs A mrdlum 20. Eggs B 20

Eggs C 19

Pc-tatszs Q:.e 50 New Brunswick: 55. P. E. L's 58.

rznw max, April N-Jhdex of

garleigovwnollfn. {ntll Nickel“ . M5 C n0 2 53. nt Pow ‘ ii . . . . . . . .. l. x r w. .li . 3122;”! 23‘; 3' 2-010‘ ' . 1 ‘rii Flour spzing wheat patents, sign: Pow‘ f] . ‘jugs. $5 7|) Natl Brew

Flour white corn $5.50 to $5.00. m”, o,- pm, pm", , l Bran ton 821.25 ‘to $15. Steel Cﬂ u.“ rm .. * Hind-ls ton $.20 to ‘$.25. I l’ Mlddling ton sol-as. "4"" 1 B91356 “t! hi3 9° n5 '35- Commerce ... 151V, 1K2 v Hay no 2 per ton corlots 018.00. noun-mil 181 w» ! ﬂheese no 1 Ont all 11 1-2 w ‘bx; Scot" - m’ ' 1 a-4. _ ,- Cheese summer l2 1-2 w 12 a-4 m“ " ' nutter no 1 intruded ‘l4 1-2 Butter trash 24 to 24 1-4 15 staple commxllly prices, (Dec '

Dom (‘nrfrm '. .. Dom Stool rlvll ll . . . . .. non Gold null-s

Power Corp Quebec Pnwur . St Law (‘oi-p Bhnwlnignu . Sherwin Wll South (‘an Pow . .

I1, i031 equals 100; 1920 average

equals $0.5). Today 15d 9 prev day 158 0 Week ago 151.1 year ago 132 9. 1905 high 100.0 1935 low 14B 4. i034 high 156 2 1034 low 126.0. 1034 high 148.0 1033 low 10.1. (Omlﬂlﬂltl 1036, in llioodybi‘.

I