Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 21, 1914, Winnipeg, Manitoba 12 Manitoba free press Winnipeg tuesday july 21, financial news from London depressed Montreal opening but effect was lost later. Montreal july local Market did not get a vary cheerful or encouraging Start for the week today _ from abroad and the tone around the open ing was of a hesitating nature. The news from abroad was that the continent was again liquidating and this a depressing effect on . After ii first hour when it was seen that affect of London weakness was not making much impression in Wall treat. The local Market hardened some what although there was so Little Busi Ness transacted that it was difficult to Trace real tha local list was very Small the trading element being without material to work upon and the result was a state of suspended animation. Brar Zluhan which closed Strong at 7o on saturday opened with a loss Large later rallied from 74h. To Scotia was steady at 62, Power at 23014, and at 132, but was a Shade easier at 10% for common and 67% for the preferred. Local dealings in the afternoon were slow . Beij fractionally off to 185vi, brazilian was Power 230, Porto Kico 5-1 and Aimes 10. London reactionary better Outlook Over Ulster offset by foreign uneasiness and american heaviness in rails. Associated press special Cable London july liquidation in Canadian Pacific and railway shares gave a reactionary to the Stock markets yesterday afternoon in the Early period senti ment was cheerful on the news that the King had summoned a general of the party leaders to set the Irish difficulty. The Continental Selling wa.5 occasioned by fears of a further outbreak in the Balkans As an outcome of the present situation. The Market closed generally irregular. Consols were 1-8 higher both for Cash and the settlement at 75 7-s for Money and 73 15-16 for the Dis count. In the american Market weakness was most pronounced. The majority of the Active issues went Down the declines varying from 1-4 to 7-s. Canadian Pacific and Erie were among1 the heaviest losers falling 1 1-s Points each. The chief Selling pressure came from Berlin and Mont real also was unloading. The. Stock touched 192 during the Day. But closed 190 1-2 and at that Price it was Al out the lowest. Baltimore and Ohio de Clinad 1 7-8 Polinto on the outcome of the decision As to the distribution of the Union Pacific extra dividend. Union Pacific lost 1 1-4 amalgamated Copper United states steel and Pennsylvania All showed fraction Al losses. J grand trunk railway issues de creased again. Home rails improved somewhat but the foreigners were heavy. Mexican rails were shaded on rumours of strife brewing among the constitutionalism leaders. Mining shares turned Over on sales of of Canadian Northern railway four per cent. Is being underwritten at 94. This i is part of the amount guaranteed by the minion government. The Bonds Are of 20 years duration redeemable in land shares were steady today. Sutti american traction however were weak. Brazilian securities also fell off. The decline in the latter was attributed to disappointment Over the absence of news As to the new loan. Rumours Nave been circulated that it will not be made until the fall if that be the Case holders Are wondering where the Money for the next interest and sinking fund payments is to coma from. Mexican Northern Mcdougall Cowans Montreal july the completion the mexican Northern Power com Pany s development in Northern Mexico which has been for some time past delayed owing to the revolutionary olm cuties is now in sight. The Large dam has been and owing to the unusually heavy floods this year a very Large water has been stored. In the Lake. This Sheet of water is some thirty Miles Long by Severa-1 Miles wide and forma a storage Reservoir of enormous Capa City. The Hydro electric machinery has All teen installed and the trans Mission lines nearly completed. It is said that the company will turn on Power towards the. End of septem Ber next. Meantime Many of the Large mining developments in the neighbor Hood Are starting up again As Well As those Industrial establishments whose operations have been suspended during the revolution so that it is said there will toe an immediate Market for the Power. Gains and losses. Oslar Hammond Nanton London july dec. Amal dec. Atch. De. O. Dec. C. O. Dec. G. W. Unchanged can. Pad. Dec. Denver adv. 4, pad. Adv. 1st. Pad dec., 1 a brie 2nd. Unchanged a Pad. Adv. Cen. Unchanged K. T. L. N. A div. Dec. To. Pac. Adv. Norfolk dec nor. Pac. Dec A. Cen. Dec. O. A. Unchanged Penna dec. Hock Island dec. 3-16, s. R. Dec. 9i, St. Paul dec. A p. Dec. 1 i. Pad. Adv. U. S. S. Dec. . Is . Y Canadian associated press , july is proceeding of an Issue of guaranteed 4 per cent Stock on the part of the Canadian Northern railway. Principal and interest Are guaranteed by the Dominion government. The Stock is to be issued at 94. Market suggestions. Mcdougall Cowans new York july optimism which does not necessarily imply perennial bullish Ness nor fall to take account of the need readjust the Dominion Edmund b. Osueke m.p., president. W. D. Matthews vice president c. A. Bogert general manager. Tullila fild ii reset fund and a savings department is conducted at every Branch of the where deposits of and upwards Are received and interest at current rates added. It is a Safe and convenient depository for your Money. Winnipeg Branch. L. Patton manager. North end w. 8. Darling notre Dame a. M. Denison Portage ave. V. R. F. Button St. John Redwood and main e. J. Townshend. Mgr. T of Arlington Street Branch F. The Canadian of Commerce capital Edmund Walker c.., Alexander Laird general manager. Rest d.c.l., president. John Aird assistant Genera manager. V. C. Brown superintendent of Central Western foreign business. This offers unsurpassed facilities to those Donn business with foreign countries. It la specially equipped for the Purchase and Sale of Sterling acid other foreign Exchange drafts and Caole transfers and for the financing of imports and exports of merchandise. Commercial credits foreign drafts. Money orders travellers cheques and letters of credit issued available in All parts world. Collections effected promptly at reasonable rates at any Xiaoe there is a or Bankers. Offices c. W. Rowley manager. 391 main Street. C. Gordon. Assistant manager. Of Canada foreign Exchange by far Moat satisfy ing Way to make remittances to _ great. Britain and foreign countries is by drafts in the currency of the Payee s country. We sell these at lowest current rate of Exchange payable at Par in any part of the world. C _ two Cestr Aii offices mate and William Avenue M. Manager Avenue Cornar Garry f. J. Boston Srinagar. Other branches in Corydon Avenue. Logan avonae. North end. Serbent Avenue port is Avenue and Arliston treat and Sargent and Arll Newtou Portage when Opportunity beckons can you follow if you have teen toeing you Are prepared to Benefit whenever Opportunity offers if you have been neglectful Opportunity Paa Oss on to some other More prudent. Be Start saving interest compounded Quarter yearly absolute Security deposits subject to Cheque withdrawal 7o allowed of Shert Teri debentures ment sums up succinctly attitude of very conservative financial interests. English buying is reported to be talc ins place in u.p., ., g.q., and Tjas. This is expected to tie. A continuing demand especially for Western Ray Road stocks. Low priced shares Are coming More into favor with important interests. There is evidence of buying of industrials. Copper figures for the month of july Are expected to make a More favourable showing than was made for june Jas reported june 8th. Electric stocks Are strongly recommended As purchases Breaks. The electrical Field is steadily grow ing in Good and bad. Eign Selling Koepre Smiet new York adversely affected by new rumours concerning freight Bate Case. New York july re ports regarding Eastern freight rate situation and a. Budget of unfavourable rumours from abroad contributed towards today s Dull and drooping Stock Market. Unofficial despatches from Washington not Only suggested further delay in the handing Down of the rate decision but were of a Char Acter to discourage those who had Pinnol their Hopes on a general rate Advance. Conditions abroad indicated in creased tension at All prominent Continental Points particularly Vienna. In addition to the 15.000 shares sold Here for London direct sales for Amsterdam were again reported. Baltic More and Ohio common and preferred descended to new Low Levels. Heavy offerings of both issues for future delivery attested the persistency of the foreign liquidation in these shares. Lerie Ana Wheeling and 3jake brie broke new Low ground. J irregularity was by other minor issues some recovering and others falling to or near last week s quotations. Texas company was the most prominent of specialities drop Ping five Points As a result of the suits against the company promised by one or More southwestern states. Anthracite shares were under pres Surie and St. Paul fell a the poor. Crop despatches from its Terri tory with similar heaviness in-. Union Pacific minus its extra dividend was one of ,.the few Strong stocks but fell Back at the close with other speculative favourites. Bonds were but slightly affected by the sagging tendency1 in stocks. Total sales Par value 53.170.000. United states Bonds unchanged on Call. Osier Hammond. Nanton Montreal july Dominium Teel corporation Ltd., declared regular Arterly dividend 1% per cent on pre erred payable aug. 1. Books close uly 15 and reopen aug. 2. Commission. Eki session Washington july members f the interstate Commerce commission arrived at their office Early and at 0 . Went into conference. Chair Man Harlan presided. Eastern rate ase is subject of conference which vill last All Day. Commis Ioner Mcchord was called Back from Atlantic City and joined the con Terence. The freight rate decision. New York july have re Ort that the interstate Commerce com Mission will Grant Eastern railroads 15 o 17 million dollars increases. Transportation cg3mpaxy earnings. Mcdougall Cowans new York july City first week july increase from Jan Ary list increase g. T. 2nd week. July decrease from july 1, decrease 43. M. 1c t. 2nd week july increase from july 1, increase Northern Ohio traction and Light St week july increase from aft. 1, increase in annual meeting listed bid. Canada fire ins. .150 com. Trust Empire loan. 103 Ireat to vac life 7 . Paid 246 Reat West Perm. Home investment 135 Northern Crown 88 fort Liem mortgage. 102 Northern Trust 130 lanyard trusts 1ss Union of Vinyl Peg land mortgage 2 great West permanent 0 Northern Crown 5 Northern Crown 1 Northern Crown 1 Northern Crown. _ 4 Standard trusts _ Montreal july Ffora All Over the Dominion Are now congregating in Montreal to attend the annual convention of the Canadian consolidated company limited and. Associated companies. The meeting will from tuesday till saturday of this week. An elaborate programme has been prepared for the delegates and the convention will be addressed Libya of rub Ber experts including t. H. Reidjr re. Janieson a. D. Thornton and other authorities. A banquet vill be tendered the visitors on. Wednesday evening at the country club St. Lambert and on thursday evening. They will leave special grand trunk train for Berlin o-nt., whore in on Nobby tread tire factory will be inspected. Among the delegates who have already arrived Are j. A. Mckenzie Victoria b. C. W. E. Allen Vancouver Charlesh Olden. And Hugo Thiim Ipser c. H. Hi-ra.-, Edmonton a. C. My give Calgary a. A. Lindsay to Ronto a. Id. Massey St. John a. Rush of orders in the steel Trade reported by Mcdougall Cowans bid As ked Ames Holden 9% 10 Ell Telephone ._.v. ___146 148 Janada Cement 29% 30 Canada 91. Canadian Pacific 185% Reserve Detroit United. Dominion canners 118 67 _ 35 3omiron and steel corp. 22 and steel pad 76 Roke of the Woods com. 129 Lauren tide Iso Montreal Power. 230 Scotia steel 53 igl Lvie flour com. 110 Ottawa Power. 140 Enman s Ltd. 48 due Bec hallway _. I. O. Nav. Co. 85 Shawinigan. 131% Herwon 55 of 121 Teel co., of Canada com "12% Panish. River. .-------1_ 9 textile. I. 68% Toronto railway. 124 City ___102 Winnipeg electric Lontreal Tram Power .-45% Thomas Cartley general manager of the Nova Scotia steel and Coal com Pany Speaks of improvement in business. Mcdougall Cowans Montreal july optimistic interview on the steel Trade conditions was Given by Thomas Cantley on sat urday. He stated that the company had received in the past ten Days More or Ders than in As Many weeks preceding and thought that the improvement would continue. Curiously enough a financial weekly at the same time was Verj depressing review of conditions by or. Cantley in which he. Said that he. Considered the in resent depressions to be More acute and than a by that prevailed at any former period of de ression in Canada. This review was evidently written before Scotia closed Jie orders which were announced in the closing Days of the week. Toronto quiet. Toronto july local share Market was quiet today. An unusual number of Odd. Lots changed hands there was Little pressure on the mar Ket with prices As a Rule steady. In Only a few cases did the dealings in any one Issue reach brazilian was the most Active secur Selling at 74 1-4 and closing at 74 Barcelona i change hands at 18 1-2 to 18 3-4. A net loss of 1-4. . Was somewhat heavy declining in sympathy with London and new York. Sales were made Loc ally at 186 to 185 3-8, or a net decline of 1 1-s on the Day s trading. Mac Kay securities were higher of the common at 80 1-2 to 80-7-8 Anc of the preferred at 69 to 70. Bel Telephone also was higher Selling a an Advance of 2 Points. Penman preferred was quoted at 81 3-4 for 50c shares As against 82, the previous Sal. Of nearly a month agro. Investment is 1 higher a 79. Dominion closed 1-s higher and Imperial closed at 214 1-2 a de Cline of 1-2. Pay from the Treasury Mcdougall Cowan s new York july Loco company has made arrangements to re deem of its serial oct. 1st. This year with Cash out its Treasury. A. Similar amount was redeemed in april of this year canadians in London London july Are the latest quotations of Active Dominion provincial and province of Nova Scotia 1964, 3% per cent City of Ottawa Sterling debentures St. Johns B., 1934, 4 per cent Toronto 4 per cent 91. Qty of Vancouver consolidated Stock 1950, Lonison seizing. Mcdougall Cowans new York july opening a., 95 5-8 b.o., 83 1-2 to 7-8 1s5 1-2, 185, 184 7-s d., 7 kt., 15 7-8 Reading 161 1-4 r.i., 1 s.r., 20 3-4 98 1-8 u.p., 156 1-8 tj.s., c 69 3-8 b.n., 75 cd 29 3-4. After firm opening prices re acted violently o Large sales Lor account of viennese Banks and also on american orders 1 connection with yesterday s times Dia closures on rate decision which an however flatly contradicted today b the Sun and Herald. Winnipeg Stock exchanged Winnipeg july 20. Great we super manent loan company Stock sold to Day at 126 and Standard trusts at 166 Only a few shares were involved in each. Case. Only other Issue i which sales were recorded was North Ern in which several Transfer were recorded at prices ranging from is to commercial loan and trus is offered at 95. And Standard Trust at Iso. Union is shown buyer 139, Sellers 142. Niue in neb. Pressure. New Tork. July brie under pressure today and sold no Down of but Southern railway showed improve a tendency and other Low Price los were generally Stead. Vijai ton were generally steady. Ija Ida by Amsterdam seemed to hav units course and " troubles in the j Utch financial circles were said to of fou sided. I so Paul declined under a Little scat ered Selling and a Good Deal 6f pounds by London Copper prices. A Mcdougall Cowans London july noon easy spot is 3d off 5s futures 61, 10s off 5s. Tin firm spots s 6d, futures 5s, in 5s. 9, unchanged. Steet dividend. Stock quotations j Winnipeg july 20. Reported by Ai Dougall Cowans 139 Iso asked. 112 128 137 90 104 142 126 89 4 89 160 Montreal close 473-shares at .74 3-sr 150 at is 5-8 to 2f at-81-3-4. Brazilian Barcelona Penman general at 96 to 9o 1-2. At 185 3-s., at 560 tto 552. La 91. At 119. Mckay at 69 to 709. 1-2 to 229 7-s. At -t-2." London reported to Cowans London july 20, 2 Consols amal. Anaconda Copper i Baltimore Ohio Canadian Pacific i Chea. A. M. St. Paul 30% tag Ibsh 45% 977. Denver Erie a. K. To new York Central n., of. O. 4 to Norfolk Western Northern Pacific Pennsylvania read intr Rock Istona Southern Pacific Southern railways Souttar railway pad Union Pacific u. S. Steel Banes reported by Osier Banks. Commerce Dominion Imperial Hammond Nanton Montreal. July 20. Tellers. Buyers. 205 Lof 201 economic Arr heats the House Well without burning ill the Coal you can buy. Mcclary 30 gives steady even heat on least fuel. See the Mcclary dealer or write for Booklet. Handled by All up to Date tinsmith. 119 68 37 23 181 53% 114 143 49 86 132 57 125 13 10 69% 125 102% 190 45% Mon beat sa1bs. Morning a. Reported by Mcdougall. Cowans Montreal july 20. Cement 3. 91. Y c. P. R. 25, 186 25, 186. Montreal Power 25, 230vi. 3 by., 222 8 un., 140. Shawl Olgan 25, 132. 20, 25, 74h 20. 74ya 50. Toronto by. 7, 25, 124 Toronto by. -5, 102. Dom. 110. Bell Tel 10. Tram. 44% 50, can. 100, 10 c. S. 100. Crown. Reserve 500, 118 117 "100, 117. A. S. 10. 85, 52. Mackay 10, 80 Mackay 9. 6914. Illinois 1. 3iontreai, sales. Reported by Mcdougall Cowans can. Pac. By. 10, ,185 1-4 100, 185 45, 185 1-2 2.5, 185 "1-4 Dominion Iron pad. 25, 76. Montreal Power 10, 230. Royal 28, 222. 75, 74 1-2 10, 74 1-2. Bell Telephone 20, 146 1-s. Ames Holden 25, 10 a 10 5, 10. Mil. Tram Power 25, 45 1-2. Twin 103. Nova Scotia steel 52 3-8 52 30, Quebec 10. New York reported by Oaler Hammond Nant Dri new tort july 20. Open. Hugli Low. Close. Amal. Copper 69% 69 6b% 69 Amer. A. Chem _ _ Amer. Beet sugar _.-. 23 Amer. Car dry ,51% 51% Amer. Cotton Oil. Amer. Loco. 29% 29% 29 Amer smelting 65% 6614 65% Amer. Steel dry. _ Amer. Sugar _ _ Amer. T. T 119 h 1197. 119 118% Amer. Woolen Anaconda Sisi 30% 30 Atchison 97 Ife 97% atch. Pad _ _ _ 99% Atlantic coast a. _ us bait. Ohio 83% up 185% Central leather 35% 36 Ches. A Ohio _ 457, 46% Chic. Alton _ _ a. M. St. Paul. 98 Colo. Southern i 32 Chicago x. Colorado f. 1 cons. Gas. 127 a Del. Hudson. 146 145 2 Denver r. G _ Denver pad 9% Duluth s. S. A. Duluth. Pad _ 25% 25% 25 16 39 3914 39 185 a 35% 35y. 45% 46% 8 97 brie lat pad brie 2nd pad Gen. Electric it. Nor. Pad it. Nor. Ore great Western _ inter . _ Kansas City 122 122 305i 31 14 2614 9 4 8 25 a 39 31 147 121-4 .121 30% 13 ill i 13% 14 25 it 26 Leleh Valley 135% 135% 134% 133 10% 27 it 10% 28 ioy4 Louis. Joash Soo _ a. K. Of m., k. T. 28% to. Pacific _ 10% 11 National Lead _ _ _ _ 45 T. Central _ 8514 84 i 84% nor. Pacific. 10854 109 108 Pacific t. To _ 21 Penn ---------109% 110% 109% 110 people s Gas-----120 120 119% 119u pressed steel car _ by. Steel Zwy Reading _---------161% 161% "160% 160% rep. I. S---------21% 215i 21 21 rep. I. S. Pad holc Island. R. I. Of St. L. S. F. 2nd St. S. St. L. Pad Sloss sheffield1. _ _____1 Southern Pacific ,95% 95% Southern 21h 21% 21 so. By. Pad 77 76% Copner _ 32% a Iol. St. L. W. _ twin City. Onion it. 127% 126 to. S. Rubber _ so h. Steel 60 a 60 a 59% 60 a it. A. Steel pad _ 109% 109% 109% 109% Uttah Copper a _. 56 it 56 56 56 Virr. Car. Chem 84 1 2 3 18 37 24 95% 21% 7714 32% 7 102 _ _ _ Wabash pad 1 Union Westinghouse elec Wise. Central Union prewar Ratnef 58 a 78 5914 78% 2858% 59 77% -78h 38 2 30 30 in Louin ou14 sales to Neon 138.700 total sales Toronto. Ont july Fairow ing were today s Stock sales established 1372 head office Hamilton Board of directors . The Hon. J. S. Hendre a . President. Cyrus a. Barge vice president. A Geo. Rutherford c. t. Turnbull w. A. Wood c. H. Newton Fobert Hobson. J. P. Bell general m capital authorized capital paid up 000, 000 a banking institution gets strength As much from the men who direct its affairs As from the actual capital invested. Money Deposit d in the of Hamilton is guarded by men Well known for business integrity and acumen men who value Security More than High profits. To this policy is due a surplus which is one Quarter larger than its capital the result of Over 40 years conservative of Hamilton main St., Branch p. Kilvert manager Princess St. Branch a. L. Birnie agent Norwood Branch it. Douu5 agent Scotia Royal message from the pc Bishop Beliveau who n Boniface last wednesday a to Rome was the Preache mass at the St. Sunday. Referring to c to Rome he said he had been r most kindly by Tae holy in spite of his advanced the vivacity of manners and a Young Man. His holiness greatest interest in All the archdiocese of for Sale secured by first mortgages for amounts and up which net the 7% i per annul. Call or write for particulars Dominion Trust company the perpetual trustee capital paid up Reserve 367 main Street b. W. Trend plume Manati the Royal of Canada statement to the Dominion government condition of the on june so capital Sid up 1 fund profits in circulation to other Banks payable acceptances by London acceptances under letters of credit assets. Cash or hand and in s in the Central Gold reserves _ _ and municipal securities railway and other Bonds debentures and stocks Call Loans in Canada Loans elsewhere than in Canada. _ with Dominion government for Security of note circulation Loans and discounts _. Of customers under letters of credit As per Contra premises estate other than premises Northern Crown head office Winnipeg capital authorized capital paid up president vice preside it Jas. H. Ash Tim directors sir H. Mcmillan . _ capt. We. Robinson a. Mctavish Campbell w. J. Christie Douglas Caneron . H. T. Champion John Stovel general manager Robt. Campbell supt. Of l. M. Mccarthy a general banking business transacted at All branches. Accounts of individuals firms corporations and societies carried on most favourable terms. Special care Given to savings accounts. Branches throughout Canada. Cameron Bartlett manager Winnipeg Branch the Canada permanent Trust company acts As executor trusted administrator liquidator financial agent guardian curator or committee Lunatic Etc., Etc. Geo. F. R. Haeft manager Canada. Permanent Garry St., Winnipeg. Of Canada capital Anth ortved capital capital a tents in great Britain Ui------1 hint. London new of any. Bank of America. Nat National Bange Natl Onat . National St. National branches or at Posta in Manitoba. British Columbia Ontario and interest allowed 8.t. Carrent inc department. Osler Hammond Nanton Stock brokers and financial agents stocks and Bonds fat and sold1 on commission on Toronto Montreal Kew Tork. And London Engla Noj Cobalt and Porcupine stocks bought and i sold on Cuianu Jolon for private wire connections with new York and Toronto Corner main Street and Portage avenge. Winnipeg. Telephone Loans i in fort Rouge and South of mortgages discounted. Agreements purchased. Vacant property Lons ;