Y 7. 1933

20% EcREAsE

in the cost of building material means that those who wish to take advantage of pres-

ent prices have to build

THE BEST LOCATED BUILDING LOT in the City is yours at a moderate price. Let us show

it to you.

R. P. slnlpsqn’, 99 Queen Street»

“fire Dame Academy

gar-cannons or A GRADUATE Backward, ohdbackward,

Time in your flight,

Make me, oh make me

A child for toniuht-

But try as we will the graduates of Notre Dame cannot turn back the hands of time, and all that re- mains is to revel.in the memories ,1 childhood days. and this we ac- complished at the grand reunion of 1033. The occasion was marked by hree distinct- features, namely- lumnse Mass in the Convent chapel at 7.30 a.m. Reception from R to 7 p.m. Annual meeting from . to 8.

The chapel seemed so familiar.

e artistic beauty of bygone days

"i in still greater evidence. How

recalled thzsc youthful years, .hen with veiled heads, and noise- less steps, we entered. to send forth acts cf adoration and love to the God. reception was most brilliant bringing together graduates of past years, and how delightful to nestle again in our dear home, for who has been an inmate of a. convent hlld does not in after lifc look back with pleasure to days so free from care, and to the sweet routine oi prayer, study and recreation.

Dear Notre Dame, wc deem it a distinction to be your graduates, and trust that our lives are such 1s to shed lustre on the loved home of childhood.

The reception was followed by the annual meeting. A new staff of officers was installed, to whom we extend congratulations. With this function our long looked for day closed, and is entered on history's pages as a momento of our affec- tion and esteem for Alma Mater. The convent resumed its ordin-

ary quiet, but dear Notre Dome, al- though we said farewell until 1934 we are back in spirit, for neither

TIGNISH

Messrs Edward and Billie Mc- Mannus who are touring New Brun- swick and Prince Edward Island weic in. 'I‘igni.sh last week. While there they were the guests of Mr. and Mrs. Frederick Conroy. .

Mr. and Mrs. J. A. Bernard, Tig- nish, entertained a number of the "young sci!’ ‘on Saturday last. Ev- ery guest enjoyed the event im- mensely and noted their host and hostess ideal vendors -oi good en- tertainment.

Mir. Oswald Murphy who has been attending Quebec Seminary is visit- ing his mother Mrs. L. J. Murphy, Tignish.

visiting friends in Charlottetown.

Mr. P. A. MacDonald who has been visiting friends in Charlotte- town returned to his home in Tig- nish on Monday.

Mr. Urban McLellsn, Richmond, motored to ‘Ilgnlsh on Monday, he was accompanied by Mr. Frank Mc- Dougal and Mr. Sil McLeilan.

Tignish Tennis Courts which have been under construction are now ready for use. Inst some ,of the fans enjoyed a work out which proved w be, perhaps,

pated. Coats and hats were shed and the elusive ball hotly pursued and very often fanned. These courts are ideally situated on the grounds adioining the "Dalton school" and are heavily coated with that splen- diid brick clay which never fails to produce a. good surfiwe for tennis.

'I‘ignish baseball teams are still leading in this section. I.ast week a 300d game was played at Bloom- field. Al-bericn will be the next opponent in the field.

time nor distance can efface the impressions made upon our lives by the training received in Notre Dame Academy.

fivertising llates-divayaiile inlidvancew‘

Central Guardian locals, Eastern locals, 2c. per word;

do. per word; Western and Announcements and Coming

Events, 2c. per word; Cluuiiied, 2c. per word; In Memoriam

Notices, 70c. per inch; Lists

of Floral and Spiritual 08er-

ings, Cards, etc. do. per name; Letters of Condolence, 70o. per inch; Notices of Thanks and Appreciation, 70c. par inch or 4c per word. Other rates- on applications.

Minimum Charge for any advertisement twenty - flvc

cents.

Anmmn a‘ A a‘ a AA

v v v

lATkz-Zc per word. three tn- “'ons for the price of two, strictly payable in advance.

To Let

TO [lib-SEVEN KOOM HOUSE. Phone 400. 1890-64841

TO LET-HEATED APARTMENTS. Four, five and six rooms. Tel. 2804. 1536-7-5-31.

ro in‘ - novsa no. 4s PRINCE Street. Apply P. J. Oliver, 7e Up- per Prince Street. 1539-7-5-31.

LET - NEW SIX ROOM e. Apply 44 Highland Av- enue. 1551-7-5-31

_..___...___________ Help Wanted

WANTED - MAN AND BOY T0 work on farm. Apply Fred Hyde, Cornwall. 1533-7-5-31.

Wanted

BOTTLES WANTED—PINTS AND quarts. Phone 1107. 1433-6-2B-tf

WANTED-BOARDEB-S IN COM- fortable country home, near sea- shore, adults preferred. Apply H. L. Worthy's Drugstore. 1595-7-7-11

Lost ______________

FOB BENT-TWO OB. THREE room apartment furnished for light housekeeping. ‘all conven- iences. Central, also rooms by day or week. Phone 1390.

1579-7-7-31

-+——————— SIIIIIIY SIDE TAXI

ll HOUR SERVICE

LOST-BETWEEN SPRING PARK Road and Bayfleld Street, black kid glove. Return to 75 Hayfield Street. 1576-7-7-11

LOST - PAIR DARK RIMMED Glasses. Finder leave at Guard- ..ian office, reward. .

i575-7-7-2i

_____.,_...._________ For Sale

Phone 1x1. nonsanom FURNITURE-AP- naoorrrmnn-whs services in w... mute h...“ ssecn. Cmnaumm s“ mm“ DAVID (Tud) "mason ply 4e Prince st. 1601-7-7-8! u... Brookfleld congregation on ,“.‘§,',,Z’,‘,’,,'f,{‘.“‘,°.-,,5§_“°' Dlllllfid m.,? 1" ‘—~ ; l 1 , ;-_ vim c .. .. . wfm-1 month. CARBOABD SUITAILLE 1 FOB 1322:5321: ullyl 921'“? 1:3: fiséolllfiw; gfilllliliflfliltelgxiellilflihl, 4.8541. wljflfillullfflrk Trwldwell .1‘. ... ‘L - ° " ° 9°‘ Th Sacrament of the Lord's Sup- Sweden kwné Tl-“liml- <=""""'~B sheet. Guardian Office. ti. ° Sweden mo... .2514.‘ mun-lull- __ per will be dispensed at the close of s i, i .1 1 .2eis. Il-inlvrow . Your Destiny, m‘ s“! _ AUCTION ‘curb m, 11 3,, m, service; gunm- Rive;- rlellivlltlgdr gthtevmggllsr oil ller cent gfllrllygfrel-n --- mlmi l“ 5"‘ Five, Bridge and Whist Score at 7 p. m., S. School at 2 p. m.; p NnEWm'YORK_ July o-(A.r.i.._v~or-'noun-ems" ' cess depends on cud; Gunman cent"! Job Brwkfleld s‘ school at 1030 ‘u m_ 0|'K!ih|0l"fll:flfiI76‘ Ila-regiiiiifr, ‘Great 12H‘; _ l" UNIJETED your horoscope. Send 50c for prince”, no‘ 1-", "'1 ‘I - - °"’ ' W " ‘W’ -;, KM“, __ __ _ gt; There will not be any regular as, o0 ony bills 4.441%. Frilllre c.-c v Algolna , complete Reading. Give date. k“ 1d 34; mly 1.1a; Belgium 15.00,- Ger- Kirk Lake - Algonquin ‘In P,,"‘°°,,,,,,,‘,,“‘ "°'“ °‘ ""“‘ “ ma sew - AWHON FOMY- "’°“°““" “M” '° 3'“ ' ' "t“.’..l*.."§3‘..°.'."“‘l“. ill." ...... ...... $45.55.’; "I m" °" ' ‘Iv. d Whist Sco ' _,__ -.i a 20 psvm r. raarrmsou 5',‘;$,-,_B"%',:,,,1",,, gm... J3 casnm-rrarowu slNGlB "ti... nun-ling lnllifontresl 4.9a 14s,] $315 fghorc 2g‘, . . . 40W0 ... /| “$143212; a.“ Prmteryfl Nov‘ bu‘ GAINS DISTINCTION-H“ many Pound ‘Agcnlrmlnin '§§.'v'°'i'l..l.°l.mv.;_| L" - Buckingham .. 1% c“ M“ grim“ 1n Charlottetown and Cnnildian dollar 1.. new York 11:444.. Ali-vases on and llidm B0 ‘m’ son scan-Times BURNER. on. throughout the Province will be hgcgldm doll" l“ PHI- 11-“3 ,-‘,\,""""° - § ""1 '9°-4l- "m" n" ‘mum M“ PM“ t° pleased to learn that Mr. Robert v. s'. dollar in Paris 18.86 frhnri, M 111:3 rent, three dollars per month. h been L by m‘ 11E "__'—"_’—“""—"_*‘ Phone m. l569-7-6-3i "fir"? "T to Mendemhn 1]“ [a]: word umous oron ' HARDY PERENN roa sans-e noon cornea 011011‘ 1.! B""°"° 5m" Wm‘ m“ - 13?"? PLANTS 2 years old, good furnace, electric on November 6th. when i119!’ Wm At TWENTY CENTS each, i! scleweéiavgs eta Bargain for pram; Mendelssohn‘; orawao "fit: l» l ordered Inf S tembcr . ° 5' ° - E "n Pm‘ sh" in Massey Hall. Town - - _ '0'" a’ position. it will return you 15% J vmtm h“ ‘ml. Mggggrvey is at present I - . B. P. Simpson, 90 Queen. 2H0 nsnranvrums, , n, ... ,,,., swan-r WILLIAMS, ' lm-‘I-MI “m” M“ '1" Mfftfyw " ,1", vrocss iiaa others. ’ i 1411B"? 9m“ "*4 9"" ° w" i.-. llst on request. M’ n music lovers will have the 0111101015‘ hywmc?" .h‘-e-t 7'7 I806 81180118 W". HM Ind fregnn hump-q; ... mm ity of hearing this eminent Canad- lnr use. (hticnrnflonp 1;", .,%‘al;'." 615:," W“; cum-s i“ Now o" Bu! ian artist in two arias from Meridel- ‘familifillwticewhichhriugloiheskmfleulth CIIIPMAN, N. ‘B. at Carter's Bookstore and Mc- ssohn's great work at the momins Oiuuunctflsedeoc. hustle Sonics. 5 p, o, m, m, Euchernb News Stand. service in Trinity United Church “II-Imam inanimate-ii ' 1500-1-0-31 sunduL < , ‘__ ._i_~

Miss Noreen Johnston, Tignish, is

evening

more exhausting than was antici-‘

‘ing service in York.

WOOL

Wanted, a large quantity of unwashed wool.

Highest cash prices paid.

Bough daily at 267 King St, past railroad. station.

A. BLOCK & SOII

THE CHARLOTTETOWN GUARDIAN

Stock Quotations

Montreal _ Stock Market?

(Canadian Press)‘ Stocks

Bsihurli A Bell ‘Isl ..u

ISDI-O-RB-OI

iusiiuui. iiiiAiililAii

This column in reserved fur queen's County new: of local interest but ud- vcrtiling of n newly nlturc mny bl inserted nt l cents I word ltklcfly payable In advance.

CLYDE RIVER-On Sunday, July 0th. the service in the Presbyterian Chi-Itch, Clyde River, will be at 8 p. m., B. School at 7 p. in.

lfRINCETOWN ROAD _ My, George Crewys will conduct c sing- song service in the Princetown Road United Church, Sunday at 7.30.

REQUEST RECEIVED-The Pro. testant Orphanage acknowledges

receipt of $250.00 from the estate o! Donald Nicholson, City, for the en-

dowment fund. 1583-7-7-11

OAVENDISII PASTORAL Charge Church service for July 9th: 11 a. m., North Rustioo; 7.30, Stanley Bridge, sermon, "Roadside Springs." W. A. Paterson, Minister.

NEW LONDON group of the Pres- byterian Church in Canada. services on Sunday, July 9th will be as fol- lows: 11 a. m., Long River; 3.30 p. m., Clifton; 7 p. m., Granville.

VALLEYFiELD-ORWELL Head Services, July 9th: 11 a. m., Valley- field; 730 p. m., Orwell Head. ‘The Rev. Dr. John Pringle will preach at the morning service. Rev. D. M. Sinclair, Minister.

MACMILLAN? HOTEL opened for the season. Rates reasonable. Full course 6 o'clock dinner 50c. Special week end rates. Write or phone Mrs. J. W. Warren.

1584-7-7-1i

ST. PETERRS BAY United Church Rev. W. E. Aitken, Minister, service at Greenwich at _1l a. m., Marie at 3 p. m., and St. Peter's at 7. Rev. '1'. A. Wilson of Covehead will preach.

LONG MOTOR- TRIP —- Mr. E. Victor Creed, manager of the Sun Life Assurance Co., for the state of Oregon, arrived home Sunday for a short visit with his parents, Mr. and Mrs. Wm. H. creed, of Albion. Mr. Creed left again Tuesday evening for his home in Portland, Oregon, going by way of Montreal, Detroit. etc.

COVEHEAD AND UNION ROAD —Rev. W. E. Altken, B. A., of St. Peter's Bay will conduct the servi- ces on Sunday, July 0th as follows: West Oovehead 1i u. m. Sunday School 10 a. m. Govehead Road 3 p. m. Sunday School 2 p. m. Union Road 7.30 p. m. Sunday School 10.30 a. m.

ANOTHER I-‘ISI-I STORY-Miss Constance McLure, of Charlotte- town, while fishing ut Mr. Webster's mill dam, Black River, Brackley Point, landed a speckled beauty weighing 13 pounds. The young

luck, it being the first fish she ever landed. thinks she will now spend her holidays at Webster's dam.

YORK PASTORAL CHARGE, services on Sunday, July 9th will be: Central Church, 11 a. m.; Pleas- ant Grove, 3 p. m., (Sunday School at 2 p. m); York, 7.80 p. m. The York Male Choir will assist at the afternoon service at Pleasant Grove and Miss Verna Rodd at the even-

angler, who was delighted with her h,

n

Massey Harris ..-.m.-... MeColl Front ..

Shawinigan Steel of Can ..1 .. Winnipeg El ... ... bee

Markets At A Glance

Toronto Mines-Gold shares upnrards; base

fir F

New York-U in stock market.

ly up after irregular diiy. er; coffee and rubber‘ steady.

Pivotal New

-____ (Canadian Press)

Stocks

Allied Chemical

Am Smelling Aiu Tel nud Tel . Anni-mull) Ail-bison .. Auburn llloior (fcnaila Dry .. C X’ ... ... Case ... Chesapeake and Ohio (ion Gas Corn Products

Delaware and Hud Eastman . .... Gen Electric .. Gen Foods ... i... Gen Motors ... ...- lnt Harvester ...

C" C" - No 1 butter in curlots or lees ended

0 P“ --- He --- --- --~ H 18% the day at M34 cents u pound, o8 u U" 1M 41 —- --- "r .--- ""1 1° u quarter of s cent from yesterday. C P R Offerings totalled only 87 boxes.

0m Bfldiifl The cheese market held steady at H0" 5mm! --' 11 to 11% cents for Ontario cheese, D051 3W9 ll"! c0!‘ B with Quebec cheese half u cent under In! Nlvlwl - i these levels. A total of 1,133 boxes

(Canadian Incl!

Tocontc and Montreal-Banks and construction issues future close firm. move

metals and silvers ultcrmily strong close. Winnipeg-Grain closes fractional-

New York-Cotton unil sugar firm-

York Stocks

1v. T310123

. PROQUCE

(Canadian Pun) MONTREAL, July L-A Ill ht drop in butter- prlces constituted he only change on the Montreal dairy sud wduce market today, all other lines holding steady, Speculative demand for butter, which pushed prices high- er recenily, was lacking and the mar- ket eased under the lighter demand

was offered fur sale. ,

Eggs were firm after a slight eul- iaesa yesterday, Graded shipments in curlots or less held at 20 to 20% cents u dozen for extras. 16 to 10),; for first and l3 to 13% for seconds. Arrivals amounted to 053 boxes. .

Old potatoes also were unchanged New Brunswick and Prince Edward Island green mountains selling for $1.20 lo ‘LN. -

hopes that present

Miscellaneous

(Canada Yreu) LIOXTIIEAL, Julv 6- Wlient, northern no 2 88

$1,000,000 annually.

operating properties. revenues of $600,000

The total of actual

Barley. llanudlan westermuo Z 54.

Outs, C W no 2 40.

Outs, feed no 1 42.

Oats, no 1 4" n

ltlour, spring wheat patents, firsts

5.60.

Flour, seconds 6.00.

Flour, winter wheat patents, choice

8.80-3.00.

White corn 4.20-4.80. f

2s. .0 w

Shouts, ton HLM. l‘ ‘W71’

lillililllngs, ton 21.26

Tiny, no 2 per ton cnrlcis 10.50.

Cheese Ontario ill/rid.

Button no 1 20%.

Eggs in curious fresh specials 20.

Eggs, fresh firsts in” cartons ll).

Pointncs .\'. B, and Prince Eiluard

$1.

(Canadian Press) 0H1)’ 3 $2,413,749 pound sterling soaring over par for the fir-st. lime since Great Britain tcmhi-r 19.71, currencies on Montreal foreign exchanges moved Into higher

Oats, C W no 8 43. ‘ Oats, feed no.2

Flour, hnkcrs 4.00.

Brain ton 10. -

Rolled outs, bug o0 lbs 2.05.

Cheese Que-hen 1001-11.

Eggs, fresh citrus in cartons 24. Island arm-n mountains 80 pound bag

20-31-23.

MONTREAL, July tl-With the went nil‘ the gold standard in Sep-

lnt Nickel ... ground i vliiv The United States dol- gflflaésfltm, ' r u-ns SVFIIIR. P" Y" The pmind sierllng was higher It Nnriliq Amerle the our-villi: being qunteii at 84.82% Pllilinter N J . I, and then ilrcppcil to $4.80. The rate Qt "d M however, started its speciueiilnn climb h’; G l, I which brought it up to scam as UM“ “L h-lh- - 34/5 compared with par of $4.80 2-3, The 7' i" e 44% reaction set iu during late trading "MD" ]““"fl° 131V: nnil the pound finished the da at %"%°“I,l(;3:el; - 1P4 $4.Sil'>,'.,'u small frneilon underypnr, funds [Q mcct matu v l,‘ - 30% but 4 1-10 cents above vesterduy's \\i!lons’tlri‘;:"l?oll.sb' clash ... I i _ , . ivnolworth . 4n , 10:2,“ ,,’:"'-Y"§,§',‘. fffif“ ,P,'L‘,,',‘,-.,,,§"’°§f,‘1 subsidiary companies from gflg gag: - 471's climhcil to 7% per cent. Colnciden‘

in sterling, it dropped low nt 8% per cent, off half of cue per ceni..!i‘he French

' . _ PAGE NINE

Associated Gas and Electric Company

Plan 0f

Rearrangement of Debt Capitalization

Is the Plan Necessary?

ROMWELL cautioned his men: “Trust in God, and keep your powder dry."

The Associated Gas and Electric Company upward treads in business point to s new and

prosperous era. Bu: this hope doe: no: blind i: to the fact that its taxes are increasing alarmingly, that its rstessrc being reduced, and that business is still subnormsl.

Since the Plan was announced on May 1S, 1933, the F¢d¢f313% ti! 0H domestic and commercial sales of electricity has been transferred from consumers to the companies, dated operating companies of about $1,100,000 a year. Congress has also imposed s new tax on the value of capital stock oi corporations which, it is estimated, will cost companies in the Associated System more than

imposing an additional expense on Asso-

It is doubtful that Public Service Commissions will allow rate increases to 05sec these additional taxes. On the contrary, commissions and munic- ipalitics innNcw York, Pennsylvania, South Carolina, and other states where Associated companies operate, are demanding further reductions. The New York Public Service Commission has just issued an order, to be effective next September 1, reducing drastically the-rates of the _New York State Electric 8c Gas Corporation, one of the principal Associated

This order requires a reduction in the Corporation's

yearly. . ‘R

$3,500,000 Less for Interest

and potential increases in taxes and reductions in

races is likely to reach $3,500,000. V

Consolidated net earnings of the Associated Gas and Electric Company and subsidiaries, after depreciation and after all charges of subsidiaries, for the 12 months ended March 51, 1935. WEN!

margin over fixed interest requirements of de-

bentures for that period. For the 12 months ended May 51, 1935, this margin was only $584,517, after deducting accruals ($1,000,- 000) for the proportionate amount of the estimated Federal capital stock tax for the period from July 1, 1932 to May 51, 1933. Addi- tional taxes and rate reductions may easily wipe out such a slender margin of earnings, unless business improves substantially.

The situation of public utilities is aggravated by the lack of a ready marker for bonds arid by the hesitation of banks to assist in providing

ring indebtedness without requiring heavy sinking

fund payments. Such payments are so burdensome as to prevent some

paying the cash dividends which holding

companies need to meet interest charges.

Improvement in Associated electric output in recent weeks is encour- aging. This improvement, however, has not yet produced z correspond- ing improvement in earnings, because the increase has come almost wholly from industrial users who pay much lower rates than residential

It i: lb: purpose of tbs Plan to change tbc :ituafian with rerpecfto tbs interest charge: of Associated G4: and Electric Company so that they will b: largely on an incoine bari: imtead o 4 fixed basis, and that in tbs event of temporary inability to meet

all interest cbarger,

frnuc gained .00 of a. cent st 5.74

cents. --- GRAIN ».

or u Amer by" B O1’ COIHIDCICIS. CIISEOXDCIS. Arueé Sup Pow s and El . . (C dl P l §l.l..“i;::"f.: . wl~>il1~=@'."§v¥"-'"' .l I! rl d Sh ...» rflfflgllif guilds“: "409! . l .

hfipp": _ Wheat: July 70%; Oct 82%“; Dec Ninz Burl . Mil-st; lllay 55x4. s‘ on Ind Outs: July 38S; Oct 30%: Dec

(Canadian Press)

B A Oil Benuhnr-nols Dom Eng ... Ilnll Oil imp Tub . Int Pete .. . Walker Pfd .

EXCHANGE

(Canadian Press) MONTREAL; July 4-—BrltIsh lnil reign exchange currencies in rein- tion to the Cimiidiiiu dcllnr as com- piled by the llnyiil Bank of Cnnniln closed loilny cs follnrrs:-

Argentina peso .3072.

Austrnliu pound 3.8714.

Austria sehllilng .1735.

Belgium belga .2039.

Brnnll ruilrcis .0827.

Bulgnrin lov .0133.

(‘hinu lioug Kong dollars .3303. Czechoslovakia crown ".0138. Denmark krone .2180.

Finland flnmsrk .0240.

Ffrnnce franc .0547.

Germany relelismurk. .8486.

Great Britain pound 4.8004. Holland flnrln .5177. Hungary pcngo . India rupee .3046. Italy lire .0770. Japan yen .8010. Jugosliivls dinar .0208.

MT’I.. CURB

0A. s. .- - “Km-nay July 4MB. Oct 48%. Dee

l CASH PRlC-n.

Wheat: No 1 herd 80 : No 1 nor 797's! No 2 nor 77%; No 8 , No 4 nor 72%: No h 87%: No B 68%: gig-xii 64%; Truck 79%; No 1 durum