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el i THE OSHAWA DAILY TIMES, WEDNESDAY, MARCH 12, 1930 PAGE SEVEN { atest News of Stock Markets Produce Prices in the Commercial Markets \ CHICAGO PRODUCE FUTURES "Chicago, March 11,--~Open com mitments--March fresh eggs. 107; March storage eggs, 132; April eggs, 36; November eggs, 232; April butter, 11; . March butter, 359; November bulter, 38. Two market receipts-- Butter today, 35,168; last year, 23,735; eggs today, 76,2565: last year, Chicago spot market--Butter, extras, 37%; standards. 37%; tone firm. Eggs, graded firsts, less carlots, 24; carlots, 243; tone steady, New York spot market--But- ter, extras, 373%, no tone. Eggs, firsts, 26 to 263: tone firm. Street stocks---Butter, 88,349: last year, 99,004, Xggs, 126,315; last year. 59,041. TORONTO GRAIN QUOTATIONS Grath dealers on the Toronto Board of Trade are making the fol- lowing quotations for car lots:-- Manitoba 'wheat-=No, 1 Nort!'- ern, $1.09; No. 2, do, $1.06%: No. 8, $1.03; No. 4, $1.01%: No. 6, 97¢; No. 6, 71e; feed, 6bc, (c. 1.f. Goderich and Bay ports). Manitoba oats--No, 1 50%e; No. 2, do, 49¢c, American corn---No, 2 yellow, 91%c; No. 8, do.,, 88%ec; No. 4, do, 863c. Millfeed, delivered, Montreal freights, bags included--Bran, per ton, $33.25; = shorts, per ton, $85.25; middiings, $40.25. Ontario grain--Wheat, $1.05 to $1.10; oats, 60 to 55¢; barley, 62 to bbc; rye 73¢; buckwheat, 80c. feed, "BUTTER IMPORTS EXGEED EXPORTS Canada Imported 35,928, 249 Pounds and Exported Only 1,400,400 Pounds Ottawa, Mar, 12,--Canada Im- ported 33,764,462 pounds of New Zenland butter during 1929, and | 374,400 pounds came from Aus tralia. At the same time imports from other countries totalled 1, 880,387 pounds. The grand aggre gate of butter imports for the year is therefofs 35,928,249 pounds. A survey of the figures, giver in reply to a question asked by J. F. Faeard (Lib., I'Islet) show the heaviest imports during the winter months, The peak in January last year, when 7,660,681 pounds came from New Zealand while in midsummer, when Canadian dairymen were at the height of their production, The New Zealand {imports dropped 144,150 pounds, Canada exported 1,400,400 Ibs. of butter of which Newfoundland took the largest proportion. The | Wake up 'and { pep up with fent colony consumed 345,200 pounds. Cangdian butter went to such places Nigeria, Peru, the Philippine Islands and China. FEBRUARY NICKEL EXPORTS ARE DOWN Ottawa Paper Attributes + Short Month at Late Shipments as Cause Ottawa, March 11.--The Ottawa Journal today says "Exports of all rades of nickel by International ompany for the month of Febru- ary did not come up to the mark established in the preceding month, either in poundage or in value, ac- cording to figures just obtained from the government, but this is not re- garded as any indication of lessening tput. It wag explained it was prob- ably due to late shipment not being included in the February returns, and also to the fact that it was a short month, "Exports of nickel ore of all gra: des for the month totalled 6,654,100 pounds having a total value of §l,- 810.201 as compared with 11,638,300 unds having a total value of $2, §oz.588 in the month of January. "February returns also show a considerable reduction when come pared with the month of Februar a year ao, figures for that mont showing 736,000 pounds, exported, having a value of $2,129,156." OIL PRODUCTION DROPS New York, March 12.--The daily av gross crude oil production in the United States decreased 88,600 barrels for the week ended Marck 8, totalling 2,635,860 bar- rels, say the weekly summary of the American Petroleum Ipstitute. The daily average production east of California was 1,873,950 bar rles, a decrease of 37,000 barrels. NEW YORK EXCHANGE New Yerk, March 12-- Foreign exchange irregular, Demand rates: Great Britain 4.85 15.16; Canadian dollar % of one per cent discount. T0 EXPLOIT SODIU SULPHATE DEPOSIT IN SASKATCHEWAN 'Big User of Western Product Toronto, Mar. 12.-~The Horse- shoe Lake Mining Company, rec- ently formed, plans to exploit the extensive sodium sulphate deposits in southern Saskatchewan. Among the directors of the company are J. W. Agnew, vice-president of In- terdational Nickel Company, and James A. Richardson, grain brok- er ,of Winnipeg. The Horseshoe Lake Company has commenced construction of = plant at a point 64 miles south of Pasqua, near Ormiston, southern Saskatchewan. The plant 4s ex- pected to cost in the neighborhood of $500,000, and when completed will employ about 200 fo 250 men. According to J. J. Floyd, man- ager of the company, there are at least 9,000,000 tons of sodium sul- phate In sight on the company's holdings. This tonnage is contain- ed in one single bed. The deposit les right on top of the ground, so that all the company needs to do is to run a railway truck out_to it and mine it hy steam shovels The bed is about 20 feet thick in the centre, thinning ont to the edges of the deposit, Sodium sulphate, while not wide- ly known, has a variety of uses and plays an important part in chemical affairs. The article iv used largely in a flux for the re- fining of nickel ores. This prob- ably explains Mr, Agnew's presence on the board of directors. The commodity 48 also used extensively to make chemical combinations with barium sulphate, which lat- ter is largely used in the rubber industry. Horseshoe Lake is purely a closed company, having no stock for sale, They hold a ten-year con- tract with the International Nickel Co., and will bezin shipping them 36,000 tons in the first year of operations, Increasing such ship- ments each year, The plant 1s progressing favorably, and is ex- nected to be in operationiby June 1 next, At present prices of more than $22 per ton, the Horseshoe Com- pany expects to be able to ship a portion of their output by rail to the various barium reduction plants in West Virginia, in compe- tition with the German products now in use. GRAINS DROP TD NEW LEVELS ON CHICAGO CHANGE Overnight Drop of 4 58 Pence at Liverpool Deals Heavy Blow Chicago, Il; March 12.~Facing a dismal outlook for wheat' e: t as estimated by a leading world" auth- onity and further depressed by a Farm Board statement that saw no immediate relief from the present grain congestion the wheat trade sold futures contracts down to new low prices for the season today. Under the pressure of general sell ing, wheat, corn w.d rye all smashed down to new low price records for the current season, Demoralized market conditions_at~ Liverpool, where wheat showed an overnight drop of 4 5-8 pence a bushel, was largely responsible together with re- duced estimates of world import news, as well as official announce. ment that for sixty days yet there was no likelihood of relief from conwestion at domestic grain term- inals, Opening 5-8 to 3 1-4 down, Chica- go wheat futures later showed tran- sient rallies, Corn, rye, oats and provisions weakened with wheat, corn starting 1 5-8'to 3 3-8 off, and sWbcequently decliming further. International Nickel Will Be Toronto Stock Exchange Stock Br, A. Ol 36 Brag. .. Can, 1st Can, Brd. Cockshutt Cty, Dry, Dis. Sgrm. Dm. Strs. Gypsum Hr, Wak Int, Util, * I: *, Nkl., Int, Pet, Ind. Alch, imp, Oil Lob, "A" Ms. Hr. Mc, Prt. 238% Mt. Pwr, 138% Shaw. 74 'S. Station 47 | Standard Mining Exchange Abana Ajax Amulet Ch. Res. Falcon, Holl High Low Close 36 3 EF a 200 B33 3% C3 OC We TS am 00 109 100 150 570 109 104 161 670 450 «vo. B70 He. Oil 855 Hy. Gold 85 Hd. By, 1226 Lk. Sh. 2200 Nronda, 4125 Stock Market Prices Toroato and New York Stock Quotations Supplied by Biggar and Orawford, Alger Building, Oshawa 265 310 615 186 180 7 8h. Gr, 5d. Bs, Tk, Hg. 6256 Ventures 189 Wr. Har, 186 Wainwell 7 | New York Exchange Stock |, High Amer. Can. 143% Am, Fr, Pr. 87% Anaconda 74 Balt & Ohlo 119 Can, Pac, 204% Chrysler .. 39% Cs. Gs. N.Y, 119 Col. Gra. Dupont ... Erie Rail Gen, Fds. Gen, Mot, Hud, Mot. Int, Com, Int. Tele. Jns, Man, Lee, Wis, Mex, Shrd. Mt. Ward Phil, Pet. Pb, Sr. NJ. Radio Simmons .. Sin, Oil .. St. Oil N.J, titd, Alr, .. U.S, Steel Woolworth Yel. Truck 22% Fam, Ply. 70% Money pate 3% per cent, 265 325 Low 65 SCORES OF ISSUES FALL IN WHEAT DROP IN FRENTIED | NEW YORK MARKET Shares Pass 2,000,000 Mark in 2 Hours With Tape Far Besind BY STANLEY W. PRENOSIL, Associated Press Financial Editor New York, March 12-<The stock market ran into a storm of selling today on what appeared to be a record-breaking volume of business for the year. Scores of Issues were carried down 1 to 10 points, half a dozen or so to their lowest prices of the year, before the reaction was checked at midday by a brisk re- covery which materially reduced the early declines, Total sales cross- the 2,000,000 share mark before the end of the second hour, with the tape averaging nearly half an hour later. While the reaction was widely regarded as a necessary correction of a temporarily top-heavy specu- lative position, the selling received considerable impetus from some unfavorable business developments. Iron Age reported that operations for the steel industry and declined from 78 to 756 per cent. with little prospect that the rate would again exceed 80 per cent. in the first half of the year, an increase of 29,719 tons was reported in the stocks of refined copper during March, and freight car loading for the week- ended March 1 were 79,102 cars below the same week of last year, and were the lowest of any corres- ponding week since 1922, One on the few bright spots in the situa- tion was a decline of nearly 90,000 barrels in the dally average of crude ofl production last week. Call money renewed unchanged at 4 per cent, hut the supply ex- ceeded the demand, and the rate was dropped to 3%. Time money and commencial paper were un- changed. Harly selling embraced ypracti- cally the entire list but was most effective in the public utility, steel, electric equipment and chemical groups, U.S. Bteel commoh sold and Inland also sold off sharply, als though the former fully recovered its loss by early afternoon, _CALMONT OILS, LIMITED Lowery Petroleum, directly south, three quarters of a mile from Calmont, has come into production with the largest flow of wet gas yet encoun- tered in Turner Valley. Between . this well and Calmont is Associated, producing approximate- Aly 300 barrels per day. North of Calmont, 400 feet away, are three Calmont's eight 'wells heart of production. producers of Home, thus ere right in the Calmont looks good. The direc. tors are justifi L) ed in drilling eight wells on this particular lease. We Advise the purchase of Quake: Finance ; » \ » Corporation Ltd. . Stomach Troubles Are Due toAcidity Tells of Pleasant Home Treatment i to Bring Swift Relief So-called Stomach Troubles---in- digestion. dyspepsia, gas, sour. ness, ete, are, in probably nine cases out of ten, evidence of "too much acid in the stomach" souring | the food, causing the formation of gas and starting acld indigestion. Gas distends the stomach and causes a full, oppressive burning feeling known as heartburn, while the acid irritates and inflames the delicate stomach lining. Get rid of Gas and Acidity, and you get ria of Indigestion. To stop or prevent the sourness and gas, to neutralizu the slomacn acide and keep the stomach sweet and free from Indigestion, a tea- spoonful or four tatlets of Bisur- ated Magnesia should be taken n a little water after vating or when over gas, Sourness, pain or acidity is felt. This, quickly sweeténg the stomach, neutralizes the. acidity, stops the pain and is harmless and Inexpensive to use. ' Bisurated Magnesia, powder or tabjets only, 'can be obtained from apy drug store apd its dally use keeps the stomach in fine condi: tion, enabling it to do its work 'without the aid: of artificial dis sestants. : LEADING STOCKS DROP DURING DOLL SESSION Clients Are ~ Unable or Averse to Taking Up Stocks Outright Toronto, March 12. Believed to be the direct result of renewed liquidation of the accounts of clientg of mining brokerage liouses who ar8~unable or averse to taking up their stocks outright, today's early session on the Mining market saw some poorly absorbed selling Ich carried the list, almost as a whole, intb lower territory. International Nickel and Nor- ands failed to withstand the gen- eral influence the former selling off 35 to $89.75, while the lafter dropped 85 to $40.25. The Lind- sleys were also comparatively soft,' Falconbridge sustaining a loss of 256, Sherritt Gordon 14, Sudbury Basin 12 and Ventures 4, S-------------------- Judge: "Prisoner, the jury finds you. guilty." Prisoner: "That's al) right, judge 1 know you're to» intelligent to be down 3 points to 189%. Vanadium |* SOFTENS STOCK MART AT TORONTO Famous Players Fails Hold Tuesday's Gain Toronto, March 12.--~Beai'sh influ- ences surrounded the stock markets of the centineut tuday and Toronto Stock exchange turned reactionary | from the outset in sympathy with other «xchanges. Tne fall .n wheat prices to around the Jollar level, the trade oth in Casada and Lin States for the month of February and the fact that in Wall street May stocks were considered to have been pushed beyond their true le- vel were contributing factors to tos day's sentiment, With the notable, ecxgeption of Ford of Canada"A" shares almost the. entire list of stocks traded on Loronto this morning registered losses, International Nickel slipped back under 40 the latter part of the mor- ning, Noranda declined over a poiat and the oils dragged wearily, Vol- ume of trading in the oils vas ex- tremely light, in fact the small a- mount of business handled in the aggregate indicated stocks were not being pressed for sale. Famous Play ers failed to hold the quick gan made Tuesday, dropping between two and three points this morning, while the Voting Trust stock went down from 50 1-2 to 49. FINEST WHEAT FALLS BELOW DOLLAR MARK . Winnipeg, Man., Mar. 12. Wheat prices le valiant ly upward' in he Gosing pore tion of the Winnipeg wheat market today after the lowest prices in. half-a-dozen years were recorded--and at the close they were down only 1} cents to 1 cent for the day. During the drastic drop, May wheat was quoted only 1jc better than 'dollar wheat" and cash wheat hit a low mark of 90} cents per bushel. . Winnipeg, March 12--~Number one Northern wheat today was quoted under the dollar mark for the first time since the fall of 1923. On a drastic opening ecling imsWinnipeg grain market prices, the world's fin- est wheat was rated at 99 3-8 cents 'per bushel during the first hour of trading... The top grade of = cash wheat was just 2 7-8 cents under the "May option, ; to TORONTO LIVESTOCK Toronto, March 12.--The trade on the Dominion Livestock Hx- change was dull this morning. Left overs totalled 400 head, prices were unchanged. Choice steers and heifers brought $9.76 to $10. 25, baby beeves dold up to $18.00 while good cows and bulls sold up to §8.206. Calves were steady at $13.50 to $14.60 for choice. Hogs were unsettled at $1.25 f. ob, for bacon or $15.50 oft car Lambs were steady on a small sup- ply at $12.50 per choice, good sheep moh 1p to $8.75 per cwt, a Quotations: Receipts 647. Trade ull. ) Hoavy heef steers $9 to $10.50; butcher steers, good to cholee. $0.50 to $10.25: Dntcher cows, medium, $7.20, to $8.25; salves, wood to choice. $13 to $14.50: intluenced by what they say." hogs. select, $14; good ewe lambs, $12.50 . ; ; , Grain and Produce Exchanges | Taking the School to the Scholar P Department of Education. years, roviding schooling for children in the isolated sec tions of Northern Ontario long baffled the Ontario The little red school house ~if it had been built~-would have stood alone with no sign of human habitation for milés around or, if there had been a few houses near, the cost of upkbep would have been too heavy a burden on a few scattered families, So the Canadian Pacific Railway was called into consultation and the result is the travelling school car which has been operated during the winter months with increasing success for the past few Every child loves a train, but when that train comes especially to him and becomes his sc that, hool-- | way to the car, well, you have to go to fairy tales to So they come enthusiastically around, French-Canadians, Rumanian, Indian, Italian, English-Canadian--all races and ages from five to fifteen years of age. They come on snowshoes, skis; by dog team, from near and far. R's and they get acquainted among themselves, Dif- ference of speech makes little difference to them and soon they are all using English, Children of pioneers, they are bright and adaptable, terior of car, interior with class of boys and girls all set for lessons; another interior showing teacher and black board; and two typical school children on their get the like of from miles They get the three Lay-out shows ex- New York March 12--Burdened | with a crown valued at $4,500, and tribual funds of $2,300, William Kes- lov, crown prince, of the Russian Gipsy tribes of America, has disap peared from the home of his royal father, King Stephen, of Bloomfield, N.J. An extensive scarch is being made over the entire country for | poth crown and 'prince, King Steph- | en, whe is in danger' of losing is | position as head of the tribes if he doesn't make good fhe money son took with him, has offered his a EAST BUFFALO LIVESTOCK East Buffalo, N.Y., Mar, 12, -- Hogs 1,800, holdovers 500, weights above 160 lbs. active to all.inter- ests '10-16c, over Tuesday's aver age; bulk 160-210 ibs 11.75; spar- ingly 11,80; 230-260 lbs 11.25 to 11.60; packing sows 8.00 to 9.50, pigs and light lights weak to most- ly 26e. lower 11.26 to 11.50. Cattle 100, cows steady, cutter grades 3.60 to 6.25, Calves 150; vealers unchanged 16.00 down. Sheep 2,000; lambs dragey, early sale choice wolskins 12.00; now looks out of line indications weak to 26c. lower; bulk good to cholce eligible around 11.50, med- fum and strong weight 9.76 to 10,75, clippers 10.50, re - Deaf Hear Again Through New Aid : No Bi, Dime 1 By Ay Ten-Day Free Trial Offer ¢ twenly-five years devoted exclusively the manufacture of scientific hearings the Canadian Acousticon Ltd, Dept. 45 Richmond St. 'West, Toronte, Ont., Just pected a new model Acousticon P . § yet in the re-creation of hearing for the 'This latest Acousticon is featured FEie SHER od Ld e. trial for 10 days to ' and Gypsy King Will Lose Throne If Son Doesn't-Return With Crown J $50 reward for information leading to his discovery. Prince William, ip love with a slim Gipsy girl, had gone to his fa- ther and asked that he be permit- ted to .narry her. But the"king dis- approved and selected a maiden of his own choice. Just before Christmas a wedding such as had not been scen in many years was celebrated in Atlantic City. After the wedding the young prince took ove: many of the duties of his father. Into his. hands were intrusted the tribal funds, Suddenly he disappeared. On Jan. 21, parture was discovered, ®\Imost im- mediately the disappearance of the crown, made up entirely of coins, some of which are 300 years qld came to light. Further investigation revealed that the royal coffers-- an old-fashioned, round-topped frunk-- in which reposed the tribal funds, had. been "emptied. his de- ni d AUTOMOBILE INSURANCE AT Low Cost Protecting Your legal liability up to $10,000, regardless of umber of persons injured, or whether isto p Protecting You or property. against damage to your car from either FIRE OR THEFT, Private Passenger Cars $1,000 List $27 PER CAR Cars listed up to §1,000 $30 PER CAR Cars not exceeding $1,500 #38 PER CAR Cars not exceeding $2,500 $43 PER CAR Cars not exceeding $3,500 $57 PER CAR | Care not exceeding $4,500 $62 PER CAR Cars not exceeding $3,900 AGENTS 3 F. S. Ebbs D. W. McNichol THE PILOT Automobile & Accident Insurance Co. Ltd, Head Office: Waterloo Toronto Office: 159 Bay St. T. H. McMurtry H. A. MacDonald COTTONSEED MEAL 41 per cent Protein $46 Per Ton POTATOES 90 lb. bag $2.10 PHONE 203 Rh . HOGG © LYTLE, Limited $4 CHURCH ST.