Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 8, 1914, Winnipeg, Manitoba Mak Troba free press. August 8.1914. Idiom Sih Edmund b. Osleeb m.p., president. W. D. Matthews vice president. C. A. Bogert general manager. Pihl Atli Lusene fund undivided profits you can Start a savings account with it is not necessary for Vycius to wait until you have a Vargs sumo Money. An account can be opened with and More on which interest is compounded twice a year. Branch. F. R. Fat Tox. Manager. S. Darling manager. W.1 m. Hamilton manages v. H. F. Sutton manager. End Branch. _. Votre Dame air Vita to Katafis avj5ncb _. It John Kanoh vhf ret i Wood and main Abington . J. Townsend sigr. M. F. Jemmott mgr. The Canadian Bank of Commerce capital rest sir Edmund Walker c.v.o., , . Alexander manager John Aird general manager v. C. of Central Western branches Money orders. V issued by the Canadian Bank of Commerce Are a Safe convenient and in expensive method of remitting Small sums of Money by malt payable without charge at any Bank in Ca Nada except in the Yukon and in the principal cities of the United states Are issued at the following rates and under Over ?5.00 and not exceeding Over and not exceeding 10o Over and not exceeding 1 remittances abroad. Should be made by Means of our special foreign drafts and Money orders issued without delay at reasonable rates. Offices 391 main. Street c. W. Rowley manager c. Gordon. Assistant manager. Of Canada significant Progress the figures below show More impressively than words the Progress which the Union Bank of Canada is making. Consider them carefully. Paid up capital Reserve total assets. Deposits two Central offices main Street and William Avenue d. M. Neeve. Manager portals avenge Corner Garry Street adjoining Post of. J. Boulton other branches i3f Corson Avenue Avenue. North enl. Sargent Avenue Portage even is and Arlington Suee to. And Sargent Avenue Ana Arlington Street 430 Avenue. 13 financial Bank of France reduces its rate from 7 to 6 per interests Are moving to secure a re opening of the Stock of the Canada gets in Gold. C1k debt piled up Jolt net million drop in customs Revenue. Ottawa aug. Financial state ment of the Dominion has just been issued for the month of july. The statement shows an increase in Tal Gross debt of Canala of sixty seven million and an increase in the net debt of Dominion notes in Cirr cd latin have decreased nearly two , As compared with july of 1913. Customs Revenue for first four months of the fiscal year totalled As against for the first four months of 1013, or a falling off of Over ten millions. For the a ninth of july 1914, As compared with the same month of 1913, there is a decrease of the total Revenue from All sources for july was a falling off of three million. Four months of the Floar year it was a Falli Jis off of eleven million. Expenditures for. The four months to or an increase of four millions. The expenditure for july alone is two millions in excess of july 1913. 1 expenditure on capital the first four months of the fiscal year 1914 is less by four. -million5 than for the corresponding period of 1913. Big decrease in Cash reserves London aug weekly state ment of the Bank of England shows the following changes total reserves decreased. Circulation increased. Bullion decreased other securities increased other deposits increased Public deposits decreased notes Reserve decreased gov. Securities increased the proportion of the. Banks Reserve to liability this week is per cent. Last week it was 40.03 per cent. Rate of discount 6 per cent. V Bankers discuss opening Exchange excitement effects Osiss More noticeable in Eastern than Western feeling As to future. The established 1873 qav1ngs deposited in this Bank draw the highest current rate of interest. Withdrawals of part or the whole amount May be made when Ever desired without delay. 152w main office Sti ses j. S. Portage avs. Bra Sofis opposite Eaton a f. D. Patterson new York aug. Committee of foreign Exchange Bankers convened this morning at this National City. Bank with John e. Garvin in the chair after the meeting or Garvin made the following statement after full discussion of present conditions the consensus of opinion was that until the supremacy of the seas had been established the question of an open foreign Exchange Market would have to remain in abeyance but in the meantime it was recommended that holders of Grain and other commodities require of the purchasers satisfactory credit be opened either in London or in new York. Various committees were appointed and peculiarly knotty arising out of present conditions discussed. Bank of England will reduce its rate bulletin London aug. Bank of England discount rates it was announced today will be reduced from 6 to 5 per Stock exchanges will resume business when the sea 78 years in business. Capital and surplus Aie issued in denominations of and with the exact value in the leading foreign currencies stated plainly on the face. They Are payable discount so that you Cali realize their full value without Tro i Blai hotels and. Transportation companies accept them As Cash. J superintendent of Central Canada branches. Winnipeg Branch. G. A. C. Weir. Manager. Mcgregor and Selkirk ave. Branch d. H. Allan manager. Town of Selkirk Branch a. A Burnham manager. Head office v7innipeg capital authorized capital paid up directors president sir d. H. Mcmillan . Vice president capt. Win. Robinson Jas. H. Ash do Sra a. Mctavish Campbell w. J. Christie sir Douglas Cameron . H. T. Champion John Stovel general manager Robt. Campbell v supt. Of branches l. M. Mccarthy a general banking business transacted at All branches. Accounts of individuals firms corporations and societies carried on most special care Given to savings Bank accounts. Branches throughout Canada. Cameron Bartlett manager Winnipeg Branch head office and nine branches in Toronto. Branches and connections throughout Canada. Letters of credit issued enabling canadians travelling abroad to have ready Access to funds in any foreign part. W or 436 main Street w a Bead the fees press latest hews. New August to Dun s review from Branch offices of g. Dun. Co., in leading Trade centers of the Dominion of. Canada j indicate that the excitement incident i to the declaration of War by great Britain has occupied the to the exclusion of business. Montreal reports that development has been checked by the War and it is impossible to foresee at present How Trade will be affected. Exports have entirely ceased but this is thought to be Only temporary and a renewal of shipments to great is looked i or in the near future. The Banks Are in Good shape and Are prepared to extend reasonable support to their customers business at Toronto was exceedingly a meet owing to the excitement caused by the War and its effect on the Money Market. The future however is regarded with Confidence and a revival in activity is looked for shortly. The feeling1 is conservative at Ham Ilton and Trade is More or less quiet markets Are Well supplied arid the effect of the been very Elisa it. All mercantile lines in the far West and North West Are inclined to quiet a Ness although the Grain Trade is about the Only Industry feeling disturbance of the War to any. Extent. Witri leg reports that Only the Grain Trade seems to be affected by troubles in Europe and the volume., of business in most departments is not much below that of a year ago. An optimistic feeling prevails at Regina several new industries have started. Edmonton reports conditions favourable As owing to the excellent crop conditions commodities Are be ginning to move More freely. No in i pro vement has appeared at Calgary the War scare having an. Unsettled and business in about All lines is moderate in Gross earnings of Canadian rail roars reporting to Date for july show j a decrease of 12.2 per cent As Coin j pared with the earnings of the same i roads for the corresponding period a year Asro. R commercial failures in the Domin Ion of Canada this week numbered 57, As against 42 last week and 31 the same week last year. Healthy up to the present time ;