U1; [USER 79'5"

i553 TEHMY

a

~

-. i TH_I§J_CHARLOT"I‘ET(_)_WN GUAlUTTAN

:9 §T0c1< AND

BANKS ARE BUYING BONDS

950 banks have increased their purchases of utility and in- l dustrial hands by $5?".QO01O9° 1 (hi1. year over last ycanls then I

1

a more forceful. more authen- Kic way to say "Now is the gime to buy good bonds”?

Assnciared Gas and Electric companys-a Gold Debenture Bonds. due i966, iire below average in prlce—-above aver- age in security. interest earned 1.01 times overall after de- pICClCIIlOD.

We believe rhis sound secu-

Ta invest inquire at tht t\ Associated System Oﬂlfl

j__._i______ Associated Gas and Electric Securities Co.. incorporated

Oﬁce o]

hlaritme Electric C0 LIMITRU (‘hrirlottctoii/n. P- E- I-

in;

YOU-CANT-GO-WRONG! because Prince Edward quality ls sealed with a coat of superior gal- vanizing locking out. the moist- iire. and locking in the quality that renders long lite, and ‘de- pendabiiity.

Iirite for Ranch Supply Cata- logue. ' PROMPT DELIVERY ORDER TO-DAY D

.1. T. HULMAN Lid.

Summersi ‘

1

10-11-tts-t

ciiislun. llnrant 111‘ l'li‘lII\'\'lI'I‘O": H1114! States l'1-\\' 1‘- .- l'.‘i1-1‘ linnd ' . . . FROM FISAXCIAL COIN-TEL: 117"": "t? -‘11r1 11 In eertain quarters. runinr has sug- l""l'll - genteel that the present dividend rate FPPT" ‘l, '- lnternatlonnl Petroleum. of‘ $1 a illrlii" “ “l5” - - ' _i'1-ar. iiilgtit not ho uialutzilneil. FIXAX liutnlrlo (til .. . . , | v1.41. 1"01':\"s1<:1. for 11 1-1-11.-111@r111111~ 111111- lHu-rr-al "ll - - , past has assuineti. and with good rca~1i11|l [Mun-learn ..,. .. ‘I y , sun. that with lllf: 1il\*id1-11d |I1'l_\‘I'lI£‘I|l'-\'l-'ll~'i|-'-'| Hllllm" 1' l ‘,4 ' 11f 2.’: rents the sto i; lta1i in-rn yiiai-ad lhiraiiiniint tal: .. 1;‘ on a quarterly Iiasis instep-i oi’ tin- Siilll" i?" "f _l"'ll "1 16". l nid prartlri: of averaging three times 5'1""! "El "f l\.""l""l‘1" ‘.2 a Ivar. and alsi assumed that tho rate ilﬂlililti ‘PPM 5cm“ ill, per 11111111111 had liven rcgulirly l‘ E 1 2T.‘ _ I I 3- W; d) rstahllsheth inquiries made at 'the Vacuum Oil . . 1111!. (‘pct-ital to Joins on BIG"M|‘..,| ireek-vnd in circles ‘clone to tho i-rnn» Ahmmn _'_ -_':' 11111111 indicate that thin dividend rate ‘um grew _, ii oi’ $l livelr 11111111111 is. not only l11-lug well earner u iiil 1e maintained. Tic ; __ stat-k in soiling around l5 at. the hrmik ... ' thus provided a return oi‘ some 6% p.e. 3mm, Arnﬁripn" m] H 171‘ The operating record nl the "tliil- n,“ prod” {ma}; ___ 3:1 pain’ so iar this year has been quits (‘anariian lialtinr: .. 1.1 larnrnlile. especially win-n petroleum pa" Vie-ken! . . . . prmluvtinn has liven generally curtailed. (‘an Vinegars international -l'etrnlon1n shriived ship» (‘arlings Brow , i"- " merits from thi- two fields n! (‘olniiihia ("nggrnvr- Breiverv 1"" d‘ .1111] Peru i'11r the first S months 11f ]1|_.1 ('i||'|i~.\'6.'I;_'I‘.'|lII5 . f" ' lilfill lln August tilt substantially ahead lmni Eng ‘nrks 55' nt horn at 'ast year for the Mllil" per- l-jqgfprn Inilrieii lﬁﬂliﬁlil luirrclii an itgainst 171.- llumn Oil .. . "so tl-l .0.-0 barrels. The rate oi’ shipments ]1\-.1_»11I-‘Ip1- Sm‘ ‘ tn production has nls1- imon eunsidor- Imperial tlil .. l7 ahly iin-rtutsr-rl during the present _i'1-ar. imperial Wuhan-m 51', \ .\'nr d1- those shipments tell ilir- lllitrlt‘ 1",] |-..1r,,1pm,| ,_ ll FIHH‘. tor In addition to this the 1-11111- in“ I‘|i]i[|f\_q _\ __ _ fir‘; pan)" dues an increasing aniunnl of re- Inn Ptilitios B . it finlut! for th1- supply of gasr-llnr- l11 1| Lake Fuperlur WWI‘ - N number of slates i11 Sunth America. .\ 't1-hoil. ham-rt m» . ‘ . A(_T“F no\n PI" E. .\atlon1ii Distillers H10 '1 l‘ f‘ Nnranda ' F ‘t 0111' Coriroiuriov sircrniriiss: lla"""1""ilel11|"'-" 'll'll s" . r egen n n; . _ y h u "I Fherritt Ullfllﬁﬂ»... __1 . 'l1 . ﬁlsenn . . 1" 0X ' II1>'i'i'i‘r-i' ' Walker Illram i" e o H I‘ l'nW . ‘ .1 . 1 . t 1- n . .. egd‘ 1a 1 Y’- -"- ‘i "- 11 1 JOHNSTON MVLARD o (tat Pniv .. -_ - . . v tiat i'1iw ., Q l. .\|1\1| t‘ .\l ['0 _ k d B ' dealers "1 m1 c 1;... . 0c s an onus .lnnt 11w . 5pc Supp ‘es’ Q1111: "ljram 1 [-110 Mmibeu: Manual Stud lxcbugo, Mound Clrl """ ,‘.""" ' 2"" Mal-n Toronto Staci Exrbngu, Winnipeg Grail .\lr.|1 train . 41-1111- ' _ 1;,"- 1-1111- ,, .1111- Exrbanp, Cblugo Baal of Trda, e ﬁrm" P" - “é New York Curb (uterine) 1 li|\\' 'i|\\' s " (' m.“ 501-111‘ . tilt-pi: HEAD OFFICE GORDON BLDG.

Rogers Hardware Company Limited

We also sell such ac- cessories as Fox Pans, Tongs, Staples, etc.

i DR. W. R. CARSON

Filmer Graduate Chlropfncwl

Chronic and Nervous Dian!"

ill Prince 8t. Phone I07? Opposite Si. Paul's Church

Dominion Elrvtrie (ieneral Asphalt timnlituir ’|ire .. . lnivriniiiniial li_i*1ir11 Electr

l\'1~n1i1~1~nll .\lllll|KlillIf‘t‘_\‘ \\'11r1l Niagara llinistni Power . Paramount l'|1i1ii Pour 1i1|1| P11. l! l1

Bank of Nora Seotia Bank 11f hioutreal iinnk ltnyal Bank

MARKET REVIEW; FOR OCTOBER 1i. * 30

tempt to work sales of (‘anadlan tivlnllei‘. it Is‘ in the industry that.

ninnths is likely slower l11 ilinarily a

fur increased the llf‘\\'S|Iil pi-rs. little iatt-r Charlotteto 11 rcﬂult

1\\]1l0iil|lt.‘i‘ will Hotelier‘ nf 1.111 _ lag itionths. ’l'i1nt there ii'ill he a (letin- 1' iii‘ t-‘Ilin. however. seems a fair eua- l‘

ket Reports

New York Exchange

By STEWART JONES f? CO.. Charlottetown _.__ 1 Correspondents of Greenshields & 00., Montreal (Special e11 .11111111111111 e wmn u" (‘tpen-Iiighlhniwihast NtCTh . on - ~ - . g-;g;.zgizii.xix__ =$_ .\lr Reduc 0i ‘ltgglgwﬁ min» ‘+5, "' 1211 120s ..11.i1.\.o.\ ui- (‘ASAUA 43 l“ ... ' . . . , . _ -»- "z (all 11111119) ‘2 p.e. utananririnn L051» ‘L 1"-1._,‘,‘V117,V_,'1._.l,‘. . _ iioxrinzii. 111111 11 c 1am» 111 1115.511 #351‘ 13H; n11»: 1:111 l:

1 . ling Prinlui-tg _ .1l-1 1',“- 11i

' i I \l11||li’4‘1'|l lnwer _ -\i1'l'1>'l i-‘rontenrn- . National Brain-rim National Sim-i l‘:1r t’ ' '1 lirnnze t.\i ‘

i-‘aninnc .\1|1'1|1l1liI i'ni\|>r Fnrpnt" ifrice Bros. . Queliei lhiirer .. Shawlnlgan .. \‘ tors el 11f t‘1in1i1l;1 . . , . .. . 11f t‘an:11in i'|‘1|.

NEH’ XORK

Arrvriran Can ... Alleghany .\na1-11n1i1i BPndi . inn . . .. . inIan-d Fiini ind. i‘1111s11li1i11t1-d Has _ (‘1111111101111111 SIIIVQIﬂQ Stores Power and Light

llllPFlliHllIIlHl Harvester l'"|\|\1'|‘ ... ..

X ...

tick and Ford" dl

R 11 _ . 1y PM‘. >111 l; I <11 r .\ ' - . stollilnhl" .<1-t-'n 't'ies 1"'""\-""l'm"l 1 P ' E 1\'llltll‘ll1|l;f'r, . ‘ll? y“ liviiow" lrnck . . . . . . 1 "A1221 '31,“ ‘ l. ‘adapt-rims . ... price m.“ , . . 111m‘. PM." thrvsler . - ~ . - " 11.1w» l"nw t-r-nr-ral .\lnt1irs . . »- - . . - . L’. s. Stet-i . 1m .<"".'»lr"'1"'~l'1'1" ' 11111111 11m .. 5-... aioirin ‘Bloc

BANKS

n! t ‘mumerce .

While it is 1i little early yet in at- uut any estimate of newsprint Jrlllls for the gent-nil

ir int-rouse art-r Piltl- The isiriuss to inaki- this increase 11 littit- starting. that is. iihere ur- lirlsk demand nets in at tho oi‘ the month l11 preparation Christmas atlrertising l11 this appears to ho a in starting this year. Th1- lm Ilftilliilll)‘ that the i11- (lt'itill(‘|‘ nt’ this year nvvr and August, fur example. i111 less than the gain shown in roar l!\‘t'l‘ the preced-

iegitining

will

-1'1-:|s1- for

The New

105.111)

1. i11.1.UU 1.1.1.1.;

DOMINION t)!‘ ('.\\AU.\ B05115

'l'.\.\ b.\k1.\ll’1' lﬁhtljﬂ

1111-1-1- IM- ~= w-ﬂ-be ~ . .212 131-11 at current prices . . . . to yield . .. .. 1U.) uu 111' ' t‘ D ti Ale 5V1‘??- lwuﬂk. . "E9 " “L” ' 1ll-""1'-f1'|"s..u A zivemnrketnnNewYerk M . . '..'bb.§1l'1"‘l I "Oh “ 1 ‘ie s 1io CW5 535mm“- - - 1'h1'.\‘s .\i11

'01: . .1 Uutlu. UH 11.1.1111 IUUAU

The Montreal Stock Exchange

1| to Johnston k \\'n'rtl) 3' 1'" u .. \lJl ‘ ' .,|

ail '

*1. l.

l.

l'3.~\.\'liS

liffnrunierea . ‘ i239 40 Montreal 2D‘- lﬁ Nova Scntia VH1! iilllltlyill . . 1 . .| 11.1771

York Curb

(Special to Johnston lrlgflard) n

1' ... 'l'ra1-iiun

1-. uniiuentzil Oil lmlen (iii

1111.13 ‘ '

ttpt-n lliginLc-ii‘ Last T]

{ﬁll-j Oil ‘ if» ‘ 413

.\ i

tuh

lla l1l Lord lia it Ohio Rand .\i'

. '11; ..1 ' 47 .11 ‘lllljl, s 4- ' ori-q on’

44%: 441.1‘

ﬂliri GM‘ R 511'».- 5l‘1".~“ 5i I

llud l11t lint

1:4 Warner ‘flierninid Studebaker ‘Texas '

C. M. Lampson 9 Cm. ianrrrn.

u Queen Street London. F. Q 4. Eﬂlllﬂﬂ Public Auction Sales or

RAW FUR! Qhipplng bin will he furnish- Q1] without rhnrlo or Inrlrlu to IL T. Holman. IM- hm- monide. P. l. l. .

deprenentétl IL

Alfred Fraser. Inc. ti! Filth Arena New tort. N. I.

f"'_"""'—'_“""

Stewart Jones 8c Co Correspondents o!

Greenshields 8e Co. '5

Members ol the Montreal Stock Exchange

Royal Bonk Building. MONTREAL

Charlottetown. P. E. l. Ben]. Rogers. Jr.. Manager. Telephone 1269.

l8 Gmu George 8t, clldfiyltciawg

N,

T

% 5 € e i?

11g Stock Letter

Closi By LOGAN & BRYAN

Special to Johnston & Ward

A Dominion-l/Vide

Business - -

BY Tllllllt (INN PRl-YATE lVlRl Along with upturn in the market yesterday there “up n perteptihlr- liitinri a! the pesnlminni ulilrli hns mvrliung tlir market in tiir recent pint. (nupivii 111th tliln was the i-hnrt tolling question iihirh in rereiiing widt- nttt-ntinn l ‘ rim-mi 111-1111111111" 111111 1111- result 111111 there 111 1. 11111111111; 1.-111111-1~.- 111 11 .- Industrial Acceptance Corporation operates branch rtiices 1 1

rim-km. This has ("aunt-d ilic- "at 0f stark-t lnnnng ‘l'l..\T' In F\l).‘llill to Iiitprw- . _ ' _ _

rt-denirtl length. developing .11~11 the 11111-111111111111 oi i". s. Steel 11111-11111,- 1-1 11 ilrem- 111 every Province ‘n1 the Dominion with the exrtptfon of

inni- The Iorsgning t-itiiiliimitimi of rirr-nmstiinvel rnu-u-d llu- ntm-It Illilfkﬂl in H11- uvm The assets of the Corporation consist almost emirdy of cash and short term investments which in all cases

errata-r part n! tIi1~ tnrrntmii itn rrcenlly attained lilgli lriel, villi i111! lFlﬂlluf-I

1ir_v mid iicntterc-d nt-tirrlr. iiomr veiling was orriisloneil I13" the r-nlrlﬂiliili 111-» are secured by substantial margin and lien and are prac- tically self-liquidating.

int-Merl tone nl‘ Iran A": rrginrt. lint this “an readily nhuirherl null the attzrndvu found tlin Ilat lii Ilorldrrlly higher territory. there being unmet-mu ruins uniunz: Illﬂ iirtlra lttiillers‘ 0f from one In Hirer pnlntl. \\'|tli tlit- HNII‘ zipnrwiali nl‘ the‘ vim» those gains worr- l11-tiered to tlu- extent u! n point or lllllrr nililitinnaii. Th1- 11-11 11n- 111-11-1011111 in 1111- m111-1;1»1 r11111t...1-1... l it-r 1 1 1 1 l I

JWfiF liillll iii llir mrnirrnte gain: in earnings o! Aniv-riv-nn Tel. and 'r.-|. The Cm, “ration-s 1".“ m - l- 1 e the third quarter illlll iin equal lf not lrrniiirr important-r. the tart that T-deulmn- ‘ n p It l; an‘ m "'85.: ob lgalmns ‘as o‘ 1<-11111-1»111111q 1111-11-11 1111-1- tn-a-mmi-mm“ in ﬁulirinlier 111111-11 1- regarded 111. 11 z June a0, 1920, was Sn.1'1'1.116,r¢prt’5El1_llng the financing oi

'lillI|'|t‘PIli' nltliunitli nriuannl Indra. Alan the increase- ln building permits tur- t-rpteivthrr nt n Ilmr- when n ilerrensr noiild be nnrrnal ls siniitt-il in an rnrnur- seine drrrlnpmrnt. “'0 believe there has been n return to more hnpr-inl sentinel-iii n|i'rli nlioulil ﬂnd nanrosiliin In IIII improved tlrmrinil im- storlis with 1i runw- -

qnriil betterment ln prim-a. Dominion Of

Canada Bonds

Grain Exchange tint-rial to Johnston .(' \\ an!)

a large number of commodities widely distributed through- out the Dominion by upwards of 1.500 dealers.

We recommend Industrial Acceptance Corporation 6".- Ccnvertible Ten-year Debentures tor conservative invest- ment. Detailed information on request.

(Special tn Jnhnrton t Ward) CHICAGO

Eastern‘ Securities Company LIMITED

"W" w. n. v, DUNBAB. his-rattler.

\'i1-t11r_'i

"jfxQQ-‘l; l cnaiiaor-rrzroivn ltefnndiag: ST. JOHN MONTREAL ‘ HALIFHX ,. ._ iiiéilllilllllﬁ HONCTON sunnrizirsrni: FREDERICTON

ltefunrling

Wheat n

t". .. ..-

Tlie World’s Greatest

FOX HG

AT

1 CHARLGTTETOWH raaor Eiiitlhil isinio Bil OCTOBER 27th, 28111, 29th, 3on1, 31st 1 and NOVEMBER 1st, 19311

IEPEili "iii WE EQQRLB

T D0 not miss this Great Fox (‘iassi c to he held in the home of the Silver Fox industry and centered ivithin eas y distance of hundreds of ranches Hill? thousands 0f foxes representing the cream of the Fox V1 arid.

“Splendid accommodation. for Plxhibitors in onenf the best arranged, best lighted and most artistically appointed fox buildings on the Continent, with a fine new-up-t0-date judging pavilion wrath seating" accommodation and other details for the comfort and cmrxciiieaice 0t all who may attend this great Show.

If you are a prospective Elklllhiiﬂl‘ make your entries early. A prize at Charlottetown means enhanced ‘mine 1n your llllfliilGSS.

If you are interested in buyingor sJling, this Show affords QIl-ICQllCEIt possibilities for establishing favorrhl e lausiness connections.

If You wish to see the “GREATEST B-PQQFTX’ SHOW" in the ltisffirb’ 0f fur bearing animals, make it a point to visit (izarlottetoiiwn on the above Hat!“

Entries close 011 October 23rd. Send at once for Prize List and other

information to

Fm: .-iiiitors’ hssﬁt,

Charlottetown, I’. E. 1., Canada.

s12: 4:;-

._‘-,_.»z;z_~_ Parr .'v:¢1 1

n1!