Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 28, 1914, Winnipeg, Manitoba 12 Matoba free press. Winnipeg. Tuesday july the Dominion Bank Bir Edmund b. Osler. M.p., president. W. D. Matthews vice of resident. C. A. Bogert. General manager. Capital Viu Burrt fund pro flt a savings department is conducted at every Branch of the Bank 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 end notre Dame Portage ave. St. John Redwood and Maini Arlington Street Branch f. L. Patton manager. W. 8. Darling c. M. Deni8on, v. R. F. Sutton e. J. Town8hend. Mrp. M. F. Jemmott manager. 1 financial War fever hubs Fofi eign news 0erely 221 5. R. 82. 127 75, 125 65, 12. 125 25, 10, 100. 124 25, 124 25, 123w 12, 40, 75, 64 210 is 75. 25. 63w .25. 50 b3 established 1872 head office Hamilton Board of directors . The Hon. J. S. Hendrie . President Cyrus a. Gelrge vice president Geo. Rutherford c. C. Dalton. J. Turnbull to. A. Wood c. H. Newton. Robert Hobson. P. General capital authorized is capital paid up surplus Many men have fallen Short of business Success because As they grew in experience they neglected to cultivate habits of Economy. Every Young Man should keep a savings account because personal economies train the mind to use capital wisely in business. Start now. Market experiences one of worst Breaks since scare at open ing of Balkan struggle. Of the worst tweaks the local Stock Market has experienced in years overtook it following the slump which took place on saturday when news of the eur Pean upheaval was received. C.p.r., brazilian and to the Rise of Many Toronto rails were the largest hit. Some of the High priced like and Lauren tide took heir bumps with the rest while steel issues and Cement acted better than nost things on the list. Brazilian which rallied from 6614 to on saturday opened Down at 62% Sway sew York Domestic happenings stocks decline two to seven weakest. 70. 63r 25. 75, 25, 5. 64 10, 64 75. 100. 25, o 63, and at one time rallied a Point rom the lowest. In London the Early figures were 61% to up a. Which improved from 177% o on saturday after the first reak was Down nearly 7 Points in London. It opened Here at went and later rallied Toronto rails which acted fairly Well n saturday at 120 to took a Tiar p dive at the opening from 117 to -12. Reports from Toronto state that Lere has been a Good Deal of Liquida Lon from a Broad on reports of unsatisfactory conditions affecting the com Pany arising out of official demands for improvements involving Large amounts Iron evidenced that there is a Good demand for shares around present prices As All offerings were taken be tween 21 and 22, while Scotia acted new York july one subject of discussion and cause of apprehension in financial circles today the impeding crisis in Europe. This condition was foreshadowed in the demoralized state of the London mar Ket which was also bearing the weight of latest developments in Ireland. Prices of principal american stocks were off 2 to 7 Points 1-n. London can Adian Pacific toeing weakest. At the opening Here declines were less extensive but further recessions occurred As the in orning progressed Canadian losing a total of i i and la v. Or in it i a tue. H of Toronto 117 75. 116 5, 117 25, 15, 116 15 115 5. 114 25, 113 25. 112h 25, 112 3. 113 so 80. 112 10. 31, 112 20, 30, 113 Dominion textile--25, 6554 25. 25. 65 25. 64 50 25 64 25. 85, 64 a 25 25. 25. 25. 100. 50. 25, 100. 25, 100 50. 170 25, 169 25, 167 25. 168 25 25, 167h 25, 168 100, 25. 158 25. 168 25, 16814 85. 50. 150, 50. 169 25. 85. 168 25 50. 168 25, 5, 168 i 50, 168 25, Dom. 10, s3. Bell 145. Can. 10. C. S. 62 75. 51. 61 20, 100, 60 75 59k 30 15. 25, 80, 59h. Paint 57. Tram 300, 43s 25, 42 64- 50. 63 250. Northern Ore. _27% 29 great Western 27.% 2s j.2it 110 Misso Fri Kan. New Fork Central National Lead _.-. National Lead no y ont West Norfolk s4 s2-% s3. 102% Northern Pacific 105 106% 106 108ft in Alvan -109% people s Gas 120 119% 120 pressed steel car railway 34 14 Riad Tes Kep. Iron. Steel. 1954 21% 19% do pad Bock Island do pad bringing a of Harvest workers be called work during Hare san f. 2 pad. S.w____.-.-. Is St. A do Sloss Southern Pacific Southern railway 19% Sheffield. 93% so 92% 19% 19-% 10. 25, 63. Crown Reserve inn do pad 74% Enn Copper. 33 32% 30% 32% Texas Pacific 13 Tol St. A. W. 4 City Union Pacific 12-4% 12i% 1 iffy u s rubber 56 14 1.000. 600. 50, 110 109. Lake of the 129. 50, 28. . 20, 49 25, 48% very Well under the cited main St. E. Kilvert manager Princess St. . L. Birnie agent Norwood . Doull. Agent the Canadian Bank of Commerce capital rest Edmund Walker. C.v.o., . D.c.u., pres Dent Alexander Laird John assistant general Mana v. C. Superintendent of Central savings Bank accounts rate is allowed on All dergosits of i and of. Wards careful attention is Given to every account. Small accounts Are welcomed. Accounts May be opened and operated tym Alu in of the removal of a depositor to another District tha manager a lira glad to advise ref Rardin the Transfer of the account accounts May be opened in the name of two or Moro persons withdrawals to be made by any one of them or by the survivor. Offices c. W. Rowley. Manager. 391 main Street c. Gordon. Assistant manager. There being. . Little Stock offered the holding at compared with 50 on saturday. Steamships preferred was weak and touched a new Low at after open ing at this compares with 64% to 63% on saturday. Shawinigan which closed at 129 on saturday started Oft 3 Points Clown at 126 and later lost 2 More making 5 in All. The action of Power attracted a Good Deal of attention and it was regarded As inevitable that a High priced Stock of that kind would Lave a proportionate decline. After closing at 227 on saturday the Market opened Points Down at 224, and the lowest the first two hours was it rallied a bout a Point within a Short time. Lauren tide. Was. Also one of the High ones which was hard hit closing at 175 of saturday. It opened 5 Points Down at later went off two . 16s. Textile less than the rest of the prominent ones opening at later touching 64. It displayed the Best rallying dispositions of the list being bid up a couple of Points when the Supply became exhausted. Ces nent went As of As 2s, after opening at 29 trading in other sections of the mar Ket was less important and fluctuations were of less account. Quebec railway Vas Active at Detroit was off to 4. And Canadian Cottons sold at 25 several times during the Forenoon it looked As though the liquidation for he time being at least had run its but in a Short time it would in renewed Only to wipe out Ariy Little improvement in prices that might have i accrued in the meantime. Fresh spots were reached from Ime to time and altogether the mar Al had the most serious loss in values Ince the demoralization attending the outbreak of the Balkan War in 1912 around the noon closing there was a slight improvement with at 176 but the tone was feverish. The wave of liquidation which other securities of the first class yield ing 2 to 3 per cent. Was greatest. While prices were falling. Dealings in the first hour approximated shares and by noon the total had increased to of this amount and Continental Europe were credited with sales of at least shares. To add to the general unset Lement of that period Additiona-1 Large Gold engagements for Europe including to London were announced. These were Tega red As a direct in fluence of Condit Onsi across the water and pointed to. The extreme measures employed there to increase Gold hold Ings already swollen to to Usu Al pro portions. A natural corollary of this was a Sharp adva nce in foreign Exchange to compared with betterment was Felt to the afternoon ithe Market gradually working towards substantial recovery circumstantial rumours indicating Austria and Serbia might agree their grievances to the Lead join Powers. Many of serious declines of the morning were reduced by half or More and in a few inconspicuous instances actual gains were made. Domestic news was almost altogether ignored in the excitement occasioned by the foreign War scare. Nevertheless it was the testimony of eminent authorities Liat crop conditions were improving and that the business out look in the West was vastly More encouraging. Bonds were weak with a break of in Chicago and Chicago arid ind Laid Coal railway 4-5. Total sales Par United states Bonds were on Call. Ottawa Power 25. 13114. 7 130.- mexican Light 100, 46. Ames 10, 9 Ames 57. Quebec by. 100. 50. 100, coloured Cotton 25. 25. Coloured Cotton Ltd. 10. 72. A. 10. 9. of Ellale 5. 110 50. 107. 10. 133 afternoon. Reported by Mcdougall Cowans Montreal july 27. Cement 28 75, 4.0. 28 z5, 2814. Cement f 177. 100. 17654. Detroit 63 i 25. 64. Dominion 50, 22 100. 10, 2191. Dom. Iron 72, Montreal 22h 100. 221 w 25. 25, 100. 75, 221 10, 10 222 a 25, 25. 222 a 25, 222. 126 40. 75. 635i 10. 64 50, 7.5 64 60. 64 25. 64 a 75-65 60. 65-14 5, 2520, 10, 26, 66. Toronto is a 25. 113 30, 114 2. 113 25, 115 10, 11544 10. 116. Var or. Carolina chem. 27 Wabash do pad Western Union 67% Westing House 77% Wisconsin -Oen-tral.i. 3.7 Honey. Sales to noon total sales 54% 56 Susja 59 109 53% 54fc 26% 27 57% 77% 37 25i 67 a 75 36 ii 76 36 will come from from the cities of hotel at halbrite., sask. Albrite sask., july 27__tnp hotel at this place is the 29th, the Day of the being All newly furnished a a class House for the Toronto Osier Hamnio and Nanton july 27. Rli31t. Barcelona brazilians . Canada bread. Canada bread Aas Consumers Gas. Crushed prices in the Forenoon stub sided to a marked extent in the after noon and the Pri Ces of the leaders mostly improved. come Back was fee Hie with the drop of saturday and today. D Finot. Do much Only rallying n -1 Nult. He Instate Noemi panic excitement on change greatest in in Gilt edged securities. Dom. 66 a 25, 45. Ames Syi. 100. 169 25. 169 50. 16814. Bell 141 a 20, 141. I. P. Steamships 60 70, 60 25, 75. 60 50, a. C. 111. Tram. Twi ii 100. Crown 112 300. 1-12. A s. 49. Ottawa 1.30 25, 130. Mexican 46. Coloured Cotton 72. New York do minion canners ._. _., ,3, n steel 21" St. In. Chicago a shredded a treat Toronto hallway a pro Commerce Dominio-n1 Imperial. Standard Toronto Urivon. .-.-12 Cobal t Kerr Lake Rose so Toronto. Toronto ont., july 27__thp i Stock at 64 to 64v. Toronto at 116 to 115 at 16 to 17. At too at 77 to 51% steamships at 62 to f reported by Osier Hammond Nanton july 2t, 1914. R closing open. High. Bid. Amalya mated Copper. 65 65 63% 64% am. Agri. . Am. Beet sugar. 2" am. Car foundry. 4s% 60 4f% am. 3o-Tton 37 v4 am. Locomotive 28 28 27 27v4 . Smelting 64% 64ya 63% 63% am. Steel foundry. 31 am. Sugar 105 am. Tel.118% 119% los is am. Woo Lefi. 13 Anaconda 29% Atchison 34% do pad -5.-.x. Atlantic coast line. Baltimore Ohio. Brooklyn rapid to. 89 23vi 29% 95% 94% Tsvi 9s us 76% 77hi 89% 89% Canadian Pacific 177% tz5% 176-51 Hunti full is in ?.ii Toronto july 27. The local Secu better Low y brazilian from to the Early better exceptions of Canada a Strong far reaching organization this local office of the Union Bank of Canada is but one of Over 310 branches of an organization whose total assets exceed our banking service cover Canada and through cur connections we Are prepared to transit business m any part of the civilized world in th1s Bank by Over two Cei Tkal Oft Ces i Uin to to .0-0 ,-2 Ste ams hips preferred rallied from 60 c1 Ralls from Lloyt to Power was one of the boing lower .to-.130. Iron holding around textile held at 66. Power rallied to 222j4, while Lauren tide after touch ing to 16sv5. London nears panic All prices break heavily but Clos Ralty Market today was in a state of Semi panic. It was hardly to be expected otherwise in View of the euro idea a situation. The excitement was greatest in years with fore cod Ings of financial embarrassment there were declines even in Gilt edged securities with. h co noels off a Point. As a general Rule ready Central leather 35 Chesapeake Ohio. 4s Chicago c. M. St. Paul. 94% Colorado Southern. Chicago n. W.130 Colo. Fuel Iron. ?4v% consolidated Gas Delaware Hudson Denver Rio 5 do Ltd Duluth s. S. Do pad 35 45% 86% 44% 04% the american thatch Case .227 Pacific at 175 at 23. I m at 560 at 32. Panic forces Exchange to close free press special Cable Brussels july. .27. the Brussels Stock. Exchange closed to Day after the e heavy led a a fears of Farge losses were sus the Seil. Carne numerous sources and the pressure grew stronger toward the close. 85% 130 be 126v4 125% 126 146 5 4% it 9 8 s14 4 Lativs a Ltd Bosses. 5% Hammond Kanton july of foreign courses helped slight recovery. Ing other br4kches Wes Kineg Ern Crown Bank head office Winnipeg capital authorized capital paid up directors London july the Stock Exchange was almost in a state of Panie today Over the austrian situation. All prices broke sharply today con sols touching 71, the lowest at which they have teen since before 187.5 the Banks both Here and on the continent accentuated the depression by refusing to Advance Joan Money. As a Conse Quence fresh margins were not Fortch coming on much Stock and liquidation ensued. Closing the proved effective and Selling from Tony of the whence the heaviest or Ders had proceeded was summarily checked. The heavy declines of the morning were partly recovered later in the afternoon and the Market ended today about about half Way above the lowest Points touched. The Outlook remains extremely Prospect of tomorrow in the event of. The political Ami foreign situation the current settlement is accompanied by troubles of its own it is expected to forced failures am6n g the weaker houses and there will be much Surprise if some hammering do not occur on account Day. In the period covered by the current settlement and margin Calls Tva a made but in some cases stocks were so to Rby frightened brokers. The bulk of the buying was said to be by the shorts. The Selling of brazilians and Canadian Pacific railway was by Lonrlon but the decl Ine was checked Lii the afternoon As conditions abroad were reported to Ibe More the Laie rallies were from 1 to Points the latter for Toronto railway this Stock sold Oft to 111% in the morning but closed at 115, which is a loss off or the Day brazilian was Tradell in. For shares. After Selling at 63, the Stock Rose to 64.a As compared with 69% on saturday. Barcelona went to 16, closing at 17, a decline of Only i. Canadian Pacific declined to 173% in new York fall of closed there at Here it sold at 175% and closed at 176 bid. Canada steam ship preferred Troke to 60 and then closed at that Price a loss of 4% on 1 the Day canners closed with a. Loss of s Points and Canada bread declined 1. A jackass heavy with a Trade in. 331 shares at 77% to 75% closing at 77, 2 lower than on Erie. Do 1st pad 35 36 a 347s 36 do 2nd pad general electric. Northern 120j4 118% nor. Pac s. J atch., ., Erie 2nd old. G. N. Pfd., i m.p., n. W Cen. Penna. Meters. To p Al pfd., amal Denver ex-dtv., 3 o s.r., pad. Forsake of Trust secured by first mortgages for amounts and up which net the. Investor per annul. Call or write for Fuller particulars. Dominion Trust company the perpetual trustee capital paid Reserve saturday. R than on shredded wheat lost a further and twin. City Bank shares irregular with com Merce the weakest. This is sold at 300, a drop of total business 266 shares. Stock quotations j Winnipeg every year you spend nearly two solid weeks in shaving of it takes you fifteen with v general manager Robert Campbell special care Given to savings accounts savings Bank department at All branches a general banking business transacted came bin Bartlett manager Winnipeg Consols closed one Point Down re covering Well from the lowest to 72 v. Both for Cash and the settlement. Home rails broke and then became flt Mev foreigners were so depressed Aste make the quotations Given Only Nom Inal. Irish stocks were lowered on the Ulster trouble and the Dublin riots dealings in the american group were characterized by irregularity. Cana the heaviest loser on the Day declining 6% Points. The loss in others ranged from y. To 3 Points Copper stocks were especially weaker. All Continental stocks showed heavy losses. Rio Tintos 3 Points equivalent to 315 per share in Amevi can Money but they rallied Winnipeg july 27. Reported by Mcdougall Cowans listed stocks bid. Asked. Can. Fire ins Iso com. Loan Trust Emdlle great West Lite. 1 . Said great West Perm Home investment Sav. Northern Crown Bank Northera Mort Northern Trust co. Standard trusts Union Bank of Canada land Mort 1 Northern Crown. 2 Home 10 Northern Crown -.109 251 110 136 102 130 135 139 150 discount rates advanced sharply in Lombard Street Money was source. C. N. R. Loan. Canadian associated. Press London july 28. Only 21 per cent the Canadian ofor thei a railway loan has been take up by the Public. Commenting on its ing says such 95 112 is 88h 104 135 14.2 s3 i Montreal a reported by Mcdougall Montreal july 27 bid. Asked. Osler Hammond Nanton brokers and financial agents private York and Toronto Are not no a t that explains Why the reception was not deposits Ames Holden Bell t.elcnhone.-. Brazil. Cement pad Canadian Pacific. Crown . Can. Car foundry. Detroit United Dominion Dominion i. Is. Dom. I. S. Power a s. Steel Obille flour com Ottawa Power Penman Ltd Quebec Sha Winigan Sherwin Williams com Soo steel co. Spanish Kulver 9 145 96 a 176% 72 168% 221% 49 107 129 48 11 74 126 s7 117 121 numbers Wert noticed at Rysany of the de textile Toronto by Tiki to ten City Loo finn leg electric lao Cnown com 22o 10 142 64 "45 65 "22 169 130 77 9h 66 a 116 183 228 takes you fifteen minutes to shave and you shave every Day you spend annually twelve working Days in shaving. That s a Long and a weary bothersome Job. Use Mennen s shaving Cream. You can shave in than half the time be cause there is no ribbing in with the fingers no re stooping no re lathering no doctoring your face at All dealers j5o, with lotions the fall generous father of Mennen s shaving Cream quickly softens the Beard so that even a razor which is a trifle Dull cuts easily and smoothly. No free caustic or other to bite Burn and disfigure your face. V Mennen s shaving Cream is put up insanitary air tight tubes with Handy hex Agori screw tops. Shaving Cream spend less t la you most head. Their reported by 4 Cowan Montreal. July 27. 100, 29 60. Cement pm.-95 tvs ement my so. Is Are Able to spend you you can some Day it May save you save Jcj cent a 4% com ten on savings absolute Sec drily deposits subject to 5% allowed on Short term 1 the Canada permanent Trust company acts As executor trustee administrator liquidator financial agent guardian curator or committee of Lunatic Etc., Etc. Geo. F. R. Harris manager Canada permanent building Garry St., Winnipeg. Office hours 9 . To 6 Imperial Bank of Canada capital Antior Icid capital Capitol paid Reserve find agents in great Britain and u. S ideation i Janet. Of Ilia jul Annatta ;