Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 10, 1916, Winnipeg, Manitoba Manitoba free july commercial ment markets panic in the pit towards the close causes five cent fluctuations in Winnipeg Market july july july 163 168 115i 111 167s 171 44 163 168 111 109 113 168b 171b 41 162 166 Gram july 1916 closed 1nc up for j 2he up for and up Lor the pit wre under Chirac was covered by be and Minneapolis by Winnipeg Oas were up for july for gained in july ind 5c in j Chicago what was so up for up for september up for Minneapolis july was up pet Ember was up and december weekly comparisons show in our Market to with Oats from Vic Down to flax was 9c to up for the the reason for the wide fluctuations and the exceptionally quirk Advance seemed to be chiefly the fact sentiment ran away with All floor advices from across the were very and a Hie Export Trade was reported in several towards the close a decline caused by but Many were fully confident and Content to carry their wheat Over the week slimming up it was a Broad Strong with trading the brisket it has been for a very Strong Market developed to Day from an something like a panic struck the Winnipeg the american markets started to go sky High on reports of rust in the Winter w brat tha crowd had been bullish Day on better demand for new Winter wheat both from abroad and in the South Ern Cash the slowness of the Farmers in marketing their wheat is causing some uneasiness our Market promptly followed suit there were some shorts who covered in a hurry and some Good trading created a big demand for everybody wanted to buy no to wheat shot at the rate of sixty Miles an other grains shared in the Oats were firm in the morning but pained when the wheat shot flax was standing 3c up when the drive started and then it shot out of the Market was like one at the beginning of the october fax was the strongest thing in Winnipeg Cash Liverpool quotations reported by july 1 hard 2 red 1 Blue Stem 1 Northern 2 Northern Manitoba new 1 1 1 prices Are approximately the value of wheat at the rate of sex rate of Exchange is not furnished by Cable As received reads Market firm and 1 Northern Hart is 3d 2 red 2 Northern 10s 1 Northern 1 nor Thern 50s London 1 Northern july sit 1 Northern 51s comparative weekend july june july 8 increase Oats june 30 july 8 decrease june 30 july 8 livestock mews increase Rye Minneapolis 93 to 94 to do to produce Dat by Day Grain 50 11 3 cars inspected july 7 wheat 683 274 Barley 3j 19 screen i nos 1 1011 64 437 136 Cal eary 25 Duluth 3 Saskatoon 1 Medicine hat 10 per i 10 per Carlots per Cream let fresh made to retailers factory Price Dairy jobbers and straight per 23 american the dash after a figure indicates a split Price that a Purchase of at mean at and when Price if split at close Clearing a always at lower figure for Union july of livestock for today sales Are prices Are quoted steady on which meet with ready but the medium and common stuff Milch cows and springers Are steady to stockers and feeders Are due to a few outside buyers coming on the veal calves held sheep and lambs show a decline Over the previous the hog Market today is with receipts prices Range from to the Market has a weak in heavy and Choice Good medium Butcher to Choice Good common 700 to i Butcher 700 to Choice Good medium common Butcher Ina and Choice Good medium common 600 to Choice Good comon july 03i 106 sept 105 109 113 103 105 1062 103i 109 109 Loai 113 109 113 Cash 1 hard 5 Northern 102 sept 133 113 Lloa Duluth july Issi 191 j ls6i 191 1s6 196j 187 192 185s 186 191 i 187 191 1854 Chicago Corn and oat july 78 77 u 77 a 77 sept 74 73 dec 62j 63 62i Chicago lard and Fri Black rust reports dreaded infection reported to Chi Cago Exchange from Chicago july rust re ports from Mortti drought about a sensational Advance to Day in the Price of the Riso from the lowest quotations of uie Les Sion amounted to Ilive cents the was unsettled at gains of 2 to 3 to 3hc with july at 10614 and september at 109 to 109h notwithstanding that according to High authority it was doubtful whether the wheat Plant in North Dakota could to far enough advanced to show Black the assertion that the dreadful infection had been found led i Stanter to an upward Rush in at Little attention was paid to opinions that a More Likely place for the Dis covery of the rust would be in South Van part of the Spring crop before the end of the Conse vatne views were Given and a Good Deal c a reaction in Alces took especially at advices referred to the evil As not rust but in Stead Black Good medium comon i 1 Choice oxen veal Good 950 to 800 to 950 ibb bulls 450 to 800 Breedy steers 625 medium steers common Choice Breedy medium heifers common heifers St Ocier Choice year Lens common yearling lambs heavy sheep Light sheep Choice Good selects heavy list sows these prices always the quotations on Cash grains at the time of closing the option previous j spot prices 1 july Sert july 2497 july sept is 2540 s7 july sept Interior 2 3 4 5 6 feed 89 1 rejected 2 rejected 3 rejected 1 2 3 1 2 3 99a4 2 44 h 3 1 feed 43 1 42 h 2 feed 3 h rejected 63h feed 63 flax 1 2 93 s7 974 j 43h i 69 Grain in store in elevators West of win july 3916 wheat Oats 4805390 802692 87 250 Barley 122i48 of these totals the handled bushels of wheat and bushels of other Cash markets the demand in the Cash Market was not so Good for the offerings were fairly heavy and the usual Export buying was Light Oats were in Good but there were offers enough to take care of the demand and premiums were Barley was in Good demand and american coarse Baird and 3 to 35 to 7iu do 60 to weekly review of Grain Trade in the words of the old who would have taught ii the which until was one of the on record and did not look like changing ended in a whirl sentiment was bearish for some time and showed signs of towards the end of the week but there were very few prophets to Tell that wheat would shoot up five cents within an it reminded one of the strenuous markets at the beginning of the year when wheat about one cent per no special reason could be said to cause this and the crowd seemed As if struck by a the american markets showed the first signs on reports of Black but these scares of late have been received rather incredulously by the pit crowds and the heavy Advance was probably due to the condition of the Market rather than legitimate news Cominer the slight change in sentiment noticed on Friday showed that wheat was near the Bottom and a Little Advance Only was needed to make the Short of which there was More than seek the advances found Many willing to so that the men who wanted wheat had to pay the this was especially noticeable in the strongest Grain on the when towards the close october de livery went up 1u cents without a i july weak at 5c to Loc to to to to to i to 400 a j Tive beef to Western i to stockers and feed i to cows and 1 to to sheep to to i to South july steady to to cattle 400 killers steady 6 to cows and 5 to s calves to 10 calves steady to 11 stockers and feeders 4 to sheep receipts 50 steady 5 to 9 5 to 7 to i Canadian associated july Market at this past week remains unaltered Good Quality Irish steers and heifers Are still making Twenty three to i went four cents a sinking the i chilled on heavy i much lower and has been sell i Down to sixteen cents per Pound for he but the prospects for week Are for higher do you know weekly wheat increased to h flax gained 9 to 9 Oats lost u cent in july and gained 4 cent in deferred Flam language per phone office for messenger and for information re Rynsor Mark All messages via the Northern trusts company executor no moneys on Deposit administrator trustee no Bonds or debentures issued the clause in the company charter enabling it to include in its activities the acceptance of moneys on Deposit and the Issue of Bonds and debentures was at the special request of the original struck sole liability to the Public represented by guaranteed mortgage investments to an amount not exceeding the paid up capital of the company and secured in each instance by improved farm and City property to the value of More than double the amount of the mortgage head july Bond list investment suggestions for july funds Are contained in our new just these securities Combine the maximum of safety with an attractive income varying from to write for a Gundy company new Canadian Pacific railway building near the end of the Market there was a lot of profit taking and Trad ers seemed to realize that they were stampeding without real Chi Cago closed Ivic under the High Point of the Minneapolis was pretty but Winnipeg closed nearly in lower than the Export Trade during the week has taken away a fair amount of this Branch of the Trade has been Active in the Cash especially during first two or three this was chiefly the cause of the Premium of Vij cent being paid for 1 North the demand on Friday and saturday was not so brokers found it hard to get even c in fact at the close on saturday 1 was Selling on a Par with part of the better tone in the South Ern markets was due to the fact that the foreign markets Are showing a better inquiry for the new Winter wheat and the Farmers Are slow in marketing Liverpool has shown a firmer tone All since june 30 1 Northern Manitoba spot wheat has gone up 9m while wheat for augus september delivery of the i same Quality has gained 8h i according to reports most of this i gain has been due to the firmness of the freight but it is extremely improbable that All the increase has been due to much will depend on whether the report of Black rust is denied or the weather continues to be almost i perfect and development across the water will be watched keenly until the the Advance on saturday seemed too Sharp and there will pro Bably be a fair amount of Short covering for Day or Liverpool cables will have a big effect and if they respond to our Advance on sat urday will help the american markets to but the conditions of the growing crops seem the Trump i card for the next Day or Canad Attwool on the up Grade i preparedness Campaign creates Strong demand in american financial keeping in an important gathering of railway men will be held in fort William one week from on that occasion officials of the Canadian Pacific from every part of the Dominion will meet at the head of the lakes to discuss Only one How the railway company can keep in closer touch with patrons of the this gathering is held at fort Wil partly in recognition of the importance of the twin cities As great shipping but chiefly because it is Here that the East and West some years ago a somewhat similar convention of Canadian Pacific offi but for Western lines was Hela at on this present occasion officials Are called from both Eastern and Western and appropriately the convention occurs at the Central the officials who will be present at this conference will embrace every department of the not Only but freight and the order is that every officer who can be spared should arrange to take part the a number of addresses will be Given dealing with ways in which the ser vice might be Vic president George Bury and Vic president Grant who arrived by special train on saturday evening from the Pacific will both be present at the gathering in fort Montreal of is spending a few Days in the Dougall has been visiting the West for Many As a the journey he has taken a warm interest in the work of the Canadian manufacturers Asso and was for several years the president of the Montreal is the president of the Dougall Var Nish which operates in close connection with Murphy varnish company of the United he is a guest at the fort july the local Stock Market was quiet at the weekend and whatever activity developed it waa rather at the expense of fur ther declines occurring in steel of Cement and Canada steam All four stocks made Low records for the Only in smelters and was there sizeable trading being very limited else liable for million decision against Central Trust com Pany in la Salle Bank july a decision making the Central Trust company of Illinois liable for in connection the failure of the la Salle Street Trust and savings Banks was handed Down today by judge Frederick Smith in the circuit on october the la Salle institution Chang ed1 from a National to a state according to William its to comply with a Law re Quiring that the capital and surplus of a state Bank must be paid in then asked Charles president of the Central to Cash a Cheque for according to the Dawes agree to and Central Trust cashed the drawn on the Salle Street National the Money was Given to Lorimer and lie turned it Over to the state Bank sex who gave it Back to Lori Mer with a certificate of the Banks in corporation As a state Lori Mer then returned the Money to the Central Trust and received his Cheque and the la Salle Trust and savings Bank was this transaction judge Smith held illegal and on it held the Central Trust company Clearing House new july statement of the actual condition of Clearing House Banks and Trust companies for the week shows that they hold Reserve excess of Legal this is a decrease of from last the great assets of the Prudential insurance t company of America in addition to its tremendous financial re Are the Confidence Trust in which it is held by the owners of 14 million policies in Force and the Are actual for under the company is owned and controlled by its the Prudential insurance of America order the of the sex of Jekot Foreest of Mol bomb office Winnipeg office Block James Sacri Steadm the Prudential insurance company of America count Orion with any other lift Satut Aace company in the and Bould not tic confounded with any present or Forauer of similar name july talk has Given most decided impetus to the Wool j Market tin this and if growers in Canada hold on to their clips they will More Money for them than what is offered at the present the United states is going into the Market with big orders for Woollen fabrics in to the lighter weight Cotton fabrics for army and it is expected that As soon As the first Rush is Over and the Sud Den demand Tor equipment is the government will Start to systematically Purchase additional it has been stated by a government official that the Blanket Market has already been the greater portion of the troops already in Mexico and on the Border will have to be supplied with naw within a few the consumption of Wool in time of War is about three times greater per capita than in of while Mexico has virtually backed and the possibility of hostilities now seams More Remote than at any time during the present car Lanzas note does not cure the and the real argument which has awakened Carranza from his dream of being protagonist of the latin Ameri i can race against the United states has the evidence that America is gathering a Force capable of dealing effectually with the the announcement comes from Washington that the most recent negotiations be tween the United states government and the defects government of co will not cause the abandonment of plans for thus the Sha Dow of the Dawn of peace wil1 not affect the stimulus Given the Wool Indus try by government foreign Supply this heavy together with the great volume of regular business now going through the coupled with the fact that our sources of foreign sup ply arc so thoroughly restricted by Bri Tish All Lead to the conclusion that still further advances in the Price of notwithstanding its pre sent the possibility of a Are bound to if any Wool will be received Tram South America before november and possibly when it is re that this country Only half the amount required by its own civilian in times of and that foreign Are practically the situation will readily grasp Western x Poindexter Andi of Mon sold recently for 33 13 three pounds for a but since this record was established other growers have realized 33 cents and 34 this latter Price now stands As the re Cord for Range Western Canadian growers May know what to expect from their Best wools Are on today Market from 33 to so but they will be Worth More by Many cents in a few reports state that the grower in Southern Alberta received 33 that is just about on the present but we would not urge 1 anyone to sell for because we know it is going to be Worth More Money by september wait and we have also in free press re of the shearing Progress at Che Conrad Alberta a Heap of credit is due Harvey for his progressive spirit in relation to the sheep i and Wool a few years ago you could not talk machine shears or the australian method of Wool preparation to anyone out they would not listen to but Harvey has Al ways been a consistent exponent of and to him is due the credit for actually building the first modern Shear ing Plant in he brought in the i first Stewart Power machine and the first Cooper and now everyone is delighted with it was a popular fallacy that machine shears clipped too close for such a Cool whether they did or not is still a but the Chicago flexible Shaft company soon put out a comb that worm leave enough Wool on the sheets Back for no mat Ter How hard the ant machine apostle May expostulated he will have a hard time trying to convince the present Day Wool grower Chat the ancient hand shears have any place at the modern shearing the English just word on the disposition of the English the Sale of which the government recently the scheme for the Purchase of the clip has finally been it will bought by the usual dealers in behalf of the with Vernon of Francis Wiley chief adminis the requisition Price is the prewar plus 30 per the woo combers strike has been wages being advanced two at the Melbourne Sale on june 2s Good Merino Rose 25 per com pared with the prices on March Corn a red with the figures of that Ordinary Merino brought 15 per Fine crossbred advanced 15 per the French clip has been commandeered by the Wool in Germany a Wool is As scarce As hens Teeth in silk and Cotton Are being substituted and the government has a firm hold on All raw and Manu even the Sale of Woollen rags has been looks to us As if Germany would be face against a shortage before and How Are they going to prosecute an Otho Winters Campaign without Wool professionals had completo Witrol new York Stock Market narrow and perfunctory saturday Trade reports new sorta july Trad ers were a Complete control of today narrow and perfunctory Virtu ally All offerings coming from that there was relatively heavy Selling of such speculative issues As United states alcohol and the More distinctive War stocks like the new Lork Crucible steel and alcohol re corded an extreme decline of 3h duplicating its Low Price of the year at coppers and affiliated snares continued their declining tendency at re cent but mexicans were fairly steady when not under severe sugars and the shipping group lost some ground probably on further realizing for but tie More stable in including United states steel and Lackawanna were rails played no part worthy of com ment aside from considerable activity in Denver and Rio which Rose almost three Points with some reaction toward the close new Chicago and the Nickel control of which was recently surrendered by new York Central made a recession of four Points to total sales of stocks amounted to the Days general news included fur ther inquiries for steel and the decision of the Federal court favouring the american can company and additional May statements of Railroad earn Ings including that of the great North Ern showing a net Gam of about the actual of the Clearing House institutions fulfilled popular pre the Bank statement showing a rash contraction of about with a decease of almost in drawing the excess reserves Down to the smallest total for this item since the new system of weekly reports came into a year ago excess reserves approximated Bonds evinced an easier tendency on limited total Par united0states and Panama 2s and United states registered 4s declined per on Call during the sew York reported by Anglo French is ally Chalmers Allis i d Coton hide bad linseed pad smelters Stael sugar 95 22 74 Toronto Winnipeg so Montreal sales Mcdougall july Cement at 25 at 6614 325at 66 50 at Loo at Detroit at 117 25 at at 54 20 at Loo at 54u 10 at at Montreal at 234 7 at at Canada at 10 at 4 at 57h 25 at 5714 10 at 57 2o at 56 Bell at Canada car at Canada car foundry at Quebec at 32 2o at 50 at 25 at Nova Scotia at at steamships at to flour mius45 at at at 37 100 at 2o at traction20 at 25 at 603i 10 at 100 at 61 Carriage at 20 at eaiiway3 at 100 5 at 100 70 at 99i 25 at new French plan government announces a new policy in dealing with shipping on the Paris july govern following the example of great has abandoned the Declara Tion of As an interpretation of maritime International a de Cree to that effect appears in this mornings official a memo accompanying the de Cree says that the rules of the Lon Don declaration were adopted by the entente allies at the beginning of the War As being the most but that experience has shown that they did the results am either in securing to full exercise of tights wlur1 adequate guarantees to t the memo circumstances obliged he modify the rules of the decs is to but these successive Modl Flam Lead to false interpretations allies therefore Thev a it to Ofaria Flat apr edit were better to original rules of International generally 1mfa in doing the memo the allies declare solemnly t w continue to observe the in we respecting lives and no of neutrals and being ready to compensation for any damage caused to Bona Sterling new july Sterling for Soo Mcdougah Cowan new july May Cross i ornate not Texas increase in solid Comfort Montreal to Glasgow via the Beautiful up Odate excellent from Montreal Cibin Ica Blu and 3rd for tickets other in apply to any Railroad or i Donaldson line general afm main main Nat or Loyille Holland sailing a Deb to Rotterdam via twin screw carry july noon noordam a be Calder general Paulum 663 main or any railway Tioka when in Brandon room at the Brandon hotel reopened under new manage first class a commode running water in All canadians Headquarters in Minn Kulii Atchison pad Atlantic Baldwin Loco 69vt 69r 89 i steel 449 j3t Al p petrol Jed 180 it 180 contral o 62 p 98 it p 22 China Copper 48 it i Southern Crucible steel Hudson distillers Kyle Erie 2nd motors Goodrich pad Ore Western pad Central Copper 51 i 7 Coppei Southern steel Lehigh a Nash Maxwell motors 30 80 Maxwell 2nd 57 128 128 petrol 103a 12 Pacific National Lead 65 Central new w w 131 131 it Pacific t Penn Peoples Pittsburg Coal Pittsburg pad pressed steel c 46 46 steel Springs Ray 22a Reading 99 100 l it so Shattuck Ariz Seaboard l Seaboard pad Sloss Shef Pucic Southern by 24 pad 69 Studebaker 135 Copper teas Pacific Texas Oil 193 twin City Union Pacific 139 rubber steel steel pad Utah Copper chem Wabash Wabash pad Mainland Western Union ele Cuic Willys Central 45 45 total sales Allan lines l 30 sicilian july 28 Grampian 4 sicilian july 11 corinthian 20 corinthian 22 july 29 12 Monarca 29 7 Montreal n 12 carthaginian pretorian lines july 7 mfg Sanobie july 22 july 21 Metagama 5 11 2fi for apply local or Allan 364 Mala 210 Portage general thaws Pacific full information regarding transp conc and around the world general third from both to with rooms Ratesi with Bath special Rahily 64 51 Valley of the ten peaks near Lake louts 131 j 57 27 39 45 v2 98vt 27 15 39 26 15 39 9814 133 53 it 28 it 102 45 42 22 99 45 26 16 38 45 98 it 69 it 134 139 1414 51 56 it 14a 51 73 45 77 i 40 it 14 51 29 94 it 56 it 75 45 on Tell Dally any hmm a Tell and sleeping car or your nearest or District passenger general passenger i Montreal july further decline of 114 to Cement common was the feature on the local Market on sat elsewhere the trend was in steel stocks closing fractionally with Small gains general among the about 50 per of the mornings sales were in opening at 66w unchanged from fridays the Prico soon weakened and declined to 66 further pressure resulted in the last Sale being recorded at the Clos ing was higher than the Low at compared with 66a on throughout the rest of the maket improvement was Bank of Montreal shares improved 1 to White in the Bond Tramway debentures showed a gain of at the War loan was unchanged unlisted stocks were civic in vestment was the in Minms transactions footed up shares lt3 Bonds and 155 unlisted Montreal Mcdougall july 30 Bel telephone150 133 brazilian traction 60 packers cementc5t4 steamships 27 car can pacific179 Detroit steel corp 54h laurentide1s1 Macdonald 11 Montreal Power 234 Nova Scotia steel130 i 61 55 66 27 cd 1s2 118 003 Ogilvie flour Mills Penman Quebec railway meters steel of Canada 14 235 121 62 Pennsylvania lines new York and return via Chicago All rail both 7 110 m directions my going returning or vice versa tickets Good to return within 60 Days stopovers permitted at any see ask local tie Kat agents to route you Over Tho lines or for further information Call or address u w e Blach District passenger 200 Bank phone main Circle tour through Canadian Pacific Rockies Lake Louise Field Glacier returning via Arrow and Kootenay lakes i ;