"__, -,.--- .Byers ._ .. 1801.1 181151 OCTOBER 8» 1931 'rl-la ' ' _u E'l‘0WNuGUA1u>lAN PAGE Nav »=" r _ ' --T' ' .sis .f*°°:;:~-- - -~-- ~ -~- gr#---~' "~ ~~'~~- mf" =` r" iw 1 I E ta __§*i I L_; - ~ -~-- -_--i .__,___.- - ` - -'-* -_---_-------~ 1 1 i ai' ,E 1 t, '_ -% '_ .‘. 9 _,' ' S S TERD EXCHANGE _ (By John L. Coniey,'/isuof-iat'ed Press Financial Writer) NEW YORK. N. Y., Oct. 7-While leading bankers worked quietly but quickly to perfect the organisation oi' President Boovsr's suggested 8500.000.- 000 credit corporation for thr relief of banks with frozen aseeU» "W `l9' curity markets today rfeflected the ¢nuntry’s satisfaction over what will obviously regarded .ss a most PFW' tical -tsp in the campaign asain" unreasoned fear. Stocks slosrd lower-‘The decline av- eraged just a point.-but the down- _ward movement was quiet- 31006 E011" of 1. to il points this morning had been added to yesterds1's liel'f0\‘ml¥1°° -iarofit-taking was inevitable and to Unch sales Wall Street attributed the reaction. The turnover totaled 2.810,- B38 shares. U. 8. Steel, lagging in the early rai- ly, lost 8% net. Bethlehem and Al- lied Chemical were down 2% and Am- `lrlcsn Telephone 2%. New York Cen- tral was down 4, Union Pacific l'Vs and Atchison 11.5. Woolworth, Stand- ard Oil of New Jersey, Consniilluted Gas, Pennsylvania. international 'Pele- hone, Union Cnrbilio and General glotors lost in the vicinity of a point. General Electric and American Can _were steady. Food Shares. lcd by Na- tional Biscuit, firmed; so did the tobnccos_ On the whole, the day's rc- sults were'vie\vcd as highly crcd- ltnble. Gold movements were resumed. W1tb exports of nearly $20.000,000 to France. Switzerland. England and Austria and 'the withdrawal of $|i.l00.000 for car- xnark account. Foreign exchange Wert! rnixcd. Sterling dropped 8 ccnts nct to $3.80. _~ (Cnnndixsn Press) NEW YORK. N. 1'., Oct. 7-l1'orc-il!" exe-images irreculrir, (lr:-at Britain culilcs 3.88%: cnlvlcsz-Franco 11.01; Jtniy 5.1.5: Belgium 13.08; Germany 23.25: Canada 80,50. NEW YORK, N. Y., Oct. 7--Bonded wheat closed firm. High Low Close Oct. -..- ~.. .. 150% 50% 50% Dee. .. ._ 52% (flnnadinn Press) NW YORK, N. Y., Oct. 7-(Cob ton)-Cotton futures closed barcly steady: closing bids: Jan. 582': Fe-_i». 501; Mar. 001-02: Apr. 010; May 020; June 028; July 037-38; Aug. 847; Sept.: Oct. 550; Nov. 50-'l; Dec. li7i_ Spot closed quiet; middling 575. Liverpool: Cotton, spot good business done. Trices 13 points higher. American middlinih fair -550: strict good mid- 'diing 514; good middling 450: mid- ‘slung 4411; strict low mnlniing 4:11; low middiing 41-l; strict -ordinary 304; good ordinary 71114; rercipis were 2,- 000 bales; including 400 American. n' svoan NEW YORK, N. Y.. Oct. 'I-Raw lugnr was a little stendicr today, ai- tbough trading was of small propor- tions. Prices advanced 1 point to the basis of_3.45 f r spots with a salc con- firmcd of 28.'f)0 bags of Porto Rican to an outport rcflner at this icvei, but there was more offered and no fur- ther buying interest. The _only other anie was 22,000 bags of Cuhan con- _cluded into yesterday nt 3.44. Tho day's business approximated only 8.500 tons. Oct. closed 1.38: Dec. 1.31; Jim. 1.34: Mar. 1.35; liiaq 1.37: July 1.41: Sept. 1.45. in refined all lor-nl refiners announc- 'ed that they would advance from 4.50 to 4.00 for fine granulated at thc opening tomorrow morning. As a rc- siult th?e was ri hettcr inquiry with tho tr de covering requirements for the next thirty days. (Special to Johnston A1 Word) 0pcu|IlI|zh|i`.nw Lust NtCh ‘Air ncdnc ‘nm 0411 no oo + 1/. Ai Chem __ 701.41 80 7~i 74 -Zi At Refill ._ 1l1,{, -1- 1/5 iam can ...| in 8114.1 'm=1¢f| 'mi/. - _Am F Pow ‘1u%. 1114.1 :i'.»1x_.| 121'. Ain Loca ._ 01,5 0111! 016| il<'1'|‘- Ain I’ Lt _ 10 |1i'l1>i< 1731117155-11.5 _Alu S Re _ 2!li,{,| 211% 22§§|22'f{,[- 9§ Am Su :Leng | _ 'Am T Tel ill-11.9134101120 120 -2% Alu Tnllilc R7'/,yi S'l1,l_.| 8375.1 P13 -- ‘ ann con ._ 14111.! 1.1141 1111.114 -_ lv. An-nisnn __1l2\,g|11c!1,|io1I4|1ns -111. _Auh Auto 104 |100 |07 |117 -2 Bill! Ohio 3.71121 fl0%| Il.'i1/_.1 3.'l<1,i|- 111| Barns A 514| 514| Mill Fil_{,|- illcnd Av 110% 101/41 111141151/11+ "/1 Beth Steel 130 30 20151 2il1,{»|-311. Briggs . ._ 10% 10111.] iSi<§'f! 1l1)_§| l11}§|- Bur A iii .` 117/11| 121/,I ir* D G als 17111 1'/#11111 |11 (‘ Pacific .1 1311.1 13'1{s| 12‘~',V.| 12 'I' dn, Pasco `1 14 |14 l 13|-‘V,I 17| _`\"hons Ohio 1 20%! 20%! 2.".1\¢.| 27 Chrys Mo . 14141141411 1511141 1.'i‘l_,|- ii _;;__ as .E :`!.< §f,1,/__| ]f§,,J|f $1 Moncton. N. B., was placed before Stock Exchange (Canadian Press) MONTREAL, Que., Oct. 7-The Montreal Stock Exchange had a dull session today after two days of ex- cited trading and prices moved into higher ground, The majority of issues stil subject to trading restrictions held unchanged. Sales volume was less than half of yesterday's total, approx- imately 16,8011 shares changing hands. inter-iisteg issues responded quick- ly to the e rly upturn in New York vid managed to hold part of their gains in the face of the iaterdecllne. Brasliian Traction, the active lead- er. continued yesterday' advance by gaining 'ii nt 0% after opening at 10 and climbing to 10%. Canadian Pacif- ic wus up 'A at 15 having sold at 15% While Canada Cement advanced the same amount st 5%. Steel of Canada at 22 and the preferred at 20, selling ex-dividend. both gained half a point. Winnipeg Electric was the only other issue to register an advance being up 56 at 5%.. _ Bell Telephone. ex-dividend, estab- lished a new low for the year at 121 where it closed with a two point loss there having been sn adjustment in the minimum price of the issue. Gen- eral Steel “fares lost % at 1%. Two government bonds on which there are no trading restrictions touched new lows for the year. Among the issues which closed un- changed were international Nickel at 01,5 after selling at 10, Montreal Pow- er at 38, Canadian Car at 6%, Cock- shutt Plow at 4, Nations] Breweries at 24. Quebec Power st 20~and Shaw- inizan Power at 83. _ '.l‘hirty-four issues provided trading ami of'wil|ch six advanced, two de- clined and nineteen remained un- changed from their previous closing 'prices while seven came out in broken o s. _ llraslllan Traction was active leader “`1f11 1111105 1" 3.880 shares and Inter- national Nickel was second in sales §;ilu;na Ivigi trading 2,707 shares whip; ou.reli mver was tmp “- in 2,058 shares. d nh "1" Total sales were 10.8.10 shares, as qoinpnrcil with 43.484 shares yester. 'fly nnrl 43130 shares on the corres- llvndlng day of last year, Total sales of bonds were $21,300. qm éipeclni to Johnston & Ward) s C I , lllell Telephone _I?L?12|‘1n|g?1L°“|1L"" razilian 11 lv rv Pnwei- A ._ 211% 10% D151 9% C Bronze Coin . 10 Flgv in/, _.men _ ._ iii Can Str-am __ .. 11121 5% C Pacific ... 14 Cockshut Plow __ 4 Cons iii Smelt _ il.'l Do Bridge ._ ,_ 27 Do Textile _. _.103 East Dnlrlos _.,120 Gen Ricci Warns 1111. Int Nickel ._ 0114 1 ; 5% THE DOLLAR Mo-Front _ _ . 117 -- liiont Power _ 33 Nat Breweries _ 24 Oue Power ._ Sihnwinigan ._ Sou Can Pow Stool of Canada lVin Ele NEW YORK. N. Y.. Oct. 'I'-(By the Cuumllun Press)-'ras cnnndinn solar firmed today, closing unchanged from yesterdny's closing quotation, 80 cents on local foreign exchanges. .The dollar opened at 80, rose to 801/(1 at noon. the lowest quotation 1111106 S011! 20. and was quoted t 80 Slavs three nm. to the close og the business day. i REV. G. S. MITCHELL NEW MODERATOR (Canadian Press) "` PICTOU. N. S.. oct. v__nev. George S. Mitchell, of Campbellton, N. B., was unanimously elected modev.1tor_ of the Maritime E1v.~:o_l. Presbyterian Church in Canada, at the opening session here last night. The name of Rev. S. J. MacArthur, 5'/61 5% 15%| 14 14% 10 0% 0% c .__ 5% 5% the convention but was withdrawn at his request. Rev. R. Hensley Stsvert. of Hun- ter River, I-'.,E_ I., retiring Moder- 'Cnco Cola -_l1os\.§l1ol»w.iloa\x.|inn11.|- mi Carb an 1 4811.1 :|0141 iin141-1 vol G men 1 '2o1,1.12o=1|| 1011.1 law.. _onns mis 1 72'/.1 121,41 as 1 ns\'.|- gniié ‘Carp 218 I 38 I 301,41 11010;- 5 _- IR - ` :nn ann ._ no tina - 1 Iirug inc _.151 Il Dunant .|0000 Tiinc I’ Lt 12? Brin ...‘ic lclvnts 1491411 |- Jcnx Finn .1 'mil 71/,I mil arm- .'ii'_ri-o 'rex .1 in 11s 1 lnui 1a1/.|- u, wr-n mer _.1 .101/.I rm1v.| es'/.i 211141- 11. go: ligands -e n - __ _.,,. _ non lr. sir-|27 1271211 12a mirich lrunl 1115.1 n=|,| mtl ny, llfiyr Rub |23 12.1 |22 |22 limos Oil _.1 :'.'»1/.I 2511.1 24 |21 Jlnu aio _.1101/_iinitl 1111.1 Int Hnrv .i. 2051.1 211111’ 2:1151 in inn Nickle 111111 sz1.| sul s lni 'rel 1a~1|I11 11a1_1,|1ii '.7-inns iunn 1 am/,| 40141 :i '.v\'»~n cnn _.1 1:.w.| 12'/.1 12141 12 J\’r1-ug 'Foil l 111111 71/~1 'Wei 0 Lain Co ._ Hi liiilgi 5011115004 J_irr My li IM iii0fl,’.iKn1t_; 1 1: 1 1:11* 1- Q 1. _ , i rv--lr 'rin n ' Iii 'Prurk Non Ward Nash lilo .\'nt Bla ll\'nt D Pro !i\’nt 1" Lt _ LN Y Cent iN Am Co :Pack lilo __ Tar Pub Pen Ford Penn Rail rliii Pi-1 ._ ri'/, I' il ofNJ |i.'u1;||i.'i~’1gI l|'liil Ca ... 25 |25 __ Radio Cp .I 171114114 It K o ._.1 sys o 76 so 1\' S 37313323 s-:_;:ircii in 5. at year. 'l‘iio mnricot r~ouiin|l<-s flrni unilor n good iloinnnal. Frosli rc-|~u1p|< '1 fiuiie scarce now hut prlcoslnrr- lrillilsig unrhnngcrl from ycsieriil|,\".~' _(`1111"I\G0--Fimt 2"-“/,-_ Novcmin-r rn- rigcraiors 181.1., d E f m Mlsslolvaav aarunslim To nv aacrlc " (Canadian Press) take revenge on the world for teas- 1'ng he had suffered .from ciliicl;‘i=n| _0A1oARv. oct., s- His anne. 1 as a. missionary in the frozen Yu- ‘1 hon for 35 years ended, Rev. W. D. Mr. Young only spent a few min '( _ _ Am _ utes in Calgary. but it was long _ *___ _ _ enough for him to say that he had' I itlxat he started thc blazcs with a lspecially prepared cigarette, then _ |would stand among the crowds :watching the building burn, and a ' few days later would writc anony- CWILIZATION AFTER 35 YEARS mous letters regarding the fires. He ` ` st The Collapsible Hat in lb; infancy From the Spectator, March 5, 1831) inc r|iu»ii-il nt 11.1 to 30 cents, firsis 2% rf-ills :uni lvcr-ovuis at 18 cents n z-ui, ,\'n iirili-1| Columbia eggs were lil. I_iunin1iol|~‘ to rolnilcrs wore un- '_)l'.\'G “FIRE TERROR" CAUGHT1 Capture of Robert Etienne, it oung artist, has ended the reign ci 1 tc wald, Germany, for many months a: _ the result of more than s. dozen 1 bi rror which has gripped Duenne- nzes which caused great property1 amagc and threatened many lives. 5 ticnnc is said to have confesscdi eciared that his only motive for ariing the conflagations was to nd adults in his school days. J. Donaldson of 134 Oxford street espectfuliy submits for the inspec- Contrlving in build 9. few castles 1 in air. 3 n cost or the tears, 11 0; t ` _ of experienced taste to be far super- ` 1 lor to any ever offered to their “We have cherished fair hopes, we,1"f11 111° Y“1‘°11 f°1"fV@1`~ NOW '73 ye are old, he handed to younger we have avca tal we and non. men the Work of spreading the 8 pci in the distant north was wo years befolc the great Klondyke gold rush ci 1898 hat Mr. Young went North, then 6 years old. Just what he will do ow he does not know, but it is ikely that he will go to Toronto fter his stay in Winnipeg. He Nor think °g the sm-wws that “me made two trips to civilization dur- ng his northem stay, which in-1 But we look to the future and never 01 uded 25 years at Herschel Island The first was in 1902 and the of losing those castles we've built 51100114 111 1930- as But the year bring regrets, and our C°11111Y, Ontario, where he form- ' hopes fade sway ' cd. And the picture we painted in feather may meet a shortage of the fancy so fair plumes, south african ostrich a _ that number. jg His home before he went north W is missionary, was in Bruce #im W tion of noblemen and gentlemen a new invented opera folding hat which for lightness and durability is acknowledged by several gentlemen notice. Price 16s. Peculiar Teacher--Can you tell me the We solicit orders for the purchase and sale of ' stocks or bonds for cash and will ¢--‘.~~' accounts on s conservative margin basis. JOHNSTON c~°\X/AIQ3, llead Office, Montreal 139 Grafton Street. B. ROGERS, JR.. Manager Phone 641-642. Montreal Stock Exchange. Montreal. Curb Market `. Toronto Stock Exchange. .____,-el... -._~_-..-_ _ ._ .-.._»= _ Mf»~rnin'g Stock Letter 1,1 Wall Street Mirror Sayss- _ _iukix 1-,;' t;,,~aE.‘-,gg-_-,-===':-:--.:-:=§.;-;_ maria:-: !1 Special to Johnston & Ward _-_' 1,-‘...~.-ini in .l..|.n.-.inn .';- wni-.11 ivuriiicr u|i\'nu<~c will be iroon in liar vnriiir-s lunrkc-ts iuiiny. Tino sudiieu _|.;f1 in ps_vt-liolngy roulirililig stool. prli-os noon in iilc 'i`iiesiiay session was lust nlmut iviinr was to ho cx|‘1‘1'1“'1» it imiiiglit an ond to the dumping of si-ciirillvs and found tile market hare of oifl-rings wlicn buyers rusiioil in on the news tinii sonic stop was to no taken ily the National tioverninent that could lie construed ns construct- ii' e. Wlicliior the laws seen on Tuiesdoi' wi f: t ` the lows of the ini Of 1| 1.. 1;- remain ig bear innrkct rclnnins to he soon. one tiling we are now surc__ wc iinvc a base from \\'iil<'h tn work iii the niniaing of cnnlluitnlr-nts llnili from the s|\r\r-nlntiro turn and for the lonir pill in sii iii l, ’l`l\o speed and the great oxtoni whlcii prior-s ralliorl on 'i`ucsilny ouiii nnu- onli for some caution on e viri of iiuvors lie|:n\lsi> n arent iilany1:lssiies hate had about all the ._,||_\. 1., \\l|i|-ii illiry :irc viiillicd ui this liiiiv. _Sonia i.-'sues fuiieii to show lilly rai- l_\‘in;: |»o\\'i~i~ nt all cron wlir-n tile innrlcot uns imoiulng. These intterlis- sues can lie set ilown as being ‘or- pllzlns” wilercns others lnui frlviuls. .is lnclitioncd in the \\'nl| Sir:-.n 1\iii'ror on 'i‘uosil:|y, tim sion-k mnrkoi iuul r.-»:u;lif-vi thc point \\'l\f-ru Slu\'1\'l worn prn|‘|.l<~uiiy in-lug 1;i\'r-ii n\\'li_\'. 'i`||o poniluium had n\vunl.' too fur will \vn_\' and thc news from \\':\.