Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 13, 1916, Winnipeg, Manitoba 10 Manitoba free july financial a it do flip posed that or or Gordon Many years ago sold a Long term 4 per band in London at this is easy to except in the matter of the since each of these business men hag issued Bonds in his then Corner the which continues for a inner a it Fror the interest rate on Money and the Mark Price of Bonds fire it thru n 4 per born Roii lil lie Par Money is to la North or or tin if that his i Pri Bond is iuotc1 in London a 1 renin Kable thins doth Supli it does not seem in nor a it would have before hip Ash Down bowl if bought by tile British which pays the the British Coyer ment then trite to Ashdown says that if he till Deposit Heinc the Cost to the credit of the British government in new York the British love Nimens will return the Ash Ovyn then roes to new York City Nyrl issues a Bond for not hut 5 per inter this he Sells in the Market for Cash out of this he pays to the credit of the British and the balance remains to his the British govern ment then returns the old Bond for to the question then is whether or any other Canadian in the same is better off under the circumstances than he was be he hns to his credit in new hut instead of Havins a 4 per Bond against him in great Britain he has a 5 per out against him in the United in dealing in this Way Tveith a lion Dollar Ashdown finds that he does not need to Issue so Many Bonds United states As he did in great in great Britain he issued in me York he finds that he needs to Issue he 200 which Means he also finds that while the rate of interest is 1 per higher than the actual amount of interest to be paid is the j All of these figures used in this supposed Case Are True in the matter in which the City and the province Are engaged at the present and the if the arrange ment goes on at does not prove wholly vill be As in i dictated in connection with a Deal of this kind it is natural to suppose that or any other would be compelled to pay some Money to lawyers and brokers for their these charges subject to a certain Baric which is not usually in the City Deal it is suggested that there might be some Takeoff to the firm of Morgan this company will certainly have to be but there is no great secrecy regarding the proposed All details of which will necessarily made Public in the course of when the British government buys Ash owns it is not to be supposed that this is an exceptional nor is it an exceptional thing when the British government buys the Bonds of Manitoba and Winni Britain needs an immense credit in new and if the entire debt of City and province should be trans i feared from London to new namely s it would not amount to 5 per of the require it might be supposed to be a hard ship if the British Desir j ing to get Possession of All the sup posed Bonds of Ashdown in Brit should impose a special tax on it not the government of Britain does not ask the holders of these Bonds to sell them below the Market but at the Market a Holder Selling Manitoba Bonds at in apparently taking a the opportunities for reinvestment at the pres ent time Are such that after reinvest ment he would be As Well As be fore Many holders of these Manitoba and Winnipeg Bonds have freely sold at this Price because they were of the opinion that they would he better off with the Cash than with the the City and provincial Deal will be to some extent affected by the matter j of Exchange Between new York and j London and also by the actual Price i at which the new securities will be sold to the Public in the United j these minor items without real bearing on the Canadian Pacific concerted Selling special stocks states alcohol again theban of Stabi shed of lick rep enl 1aii 1 1 Anil Over of in sectors John Alexander Liels sir George George general am general chief Winnipeg Parkview and far tar Hon George sir Henry sir Henry i one ills views local dealer in municipal and gov j Ern ment Bonds discusses Tho new financial i Jennings who repro i sents american capital in this is extremely sceptical about the Success of the mobilization plan and Vanleu of the province of Manitoba and the City of when had i the following to say 1 regard the Schirf As somewhat fantastic in fact i am very doubtful As to its ultimate if there is any Merit in the j proposal i fear that the publicity it has i received will spoil theoretically it is but i can say on firs class i authority that Tho British government has not As yet considered the mobilization of Canadian and failing i action by that government it of be impossible to work out the from the standpoint of the province of Manitoba and the City of the plan might be highly but i am extremely doubt Ful As to whether or not it would be Good for Canada As a the Transfer of such Large blocks of can Adian securities from London to the new York Market would interfere with and most probably depreciate the nor Mal Supply of Bonds that the provinces of cities and have been finding a ready Market for the Market would be glutted with Canadian and the oversupply in my seriously depress the while it might be Good for Manitoba and would it be Loval to the Dominion As a whole one of the difficulties would be the resale of the ions in the United the chief would he to Purchase it advantageous prices the old secur tips in sold retail and scat the mobilization of american secur tired my opinion is that i in London did not include nor an us late the mobilization of Canadian i Brown May have a tar and better he de serves credit for having i that the financial Chin Ion would regard the Success of the new july Selling of special particularly those is sues which suffered most severely in last weeks liquidating was the conspicuous feature of today professional the Dhert interest emboldened by its recent con ducted its operations with greater Confidence but made Little headway except in isolated representative notably the better known rails and United states j again withstood albeit steel was forced to 83 its lowest quotation since the weeks Rise to s7 shipping stocks and mex together with motors and cop pers also fell away in the but made gradual recovery in part or in whole United states Industrial alcohol proved to be the storm receding an extreme of 12 38 Points to a 12 in the last hour and closing with a net loss of 10 7s there was again a Lack of news to explain the continuous break in alcohol which represented a loss of Over 30 Points in a weeks time arid a total of 70 Points lion its Low Price of last increase in the will sover land dividend from 6 t to 12 per with an extra Stock dividend of 10 per cent was not announced until the fag end of the ses the Stock closed at a loss 14 the action of the directors having evidently been Pac incs were the Only rails to exhibit marked Canadian Pacific being in demand with its Soo and Wisconsin Union Pacific was firm on revival of the familiar Rumor of an increased dividend at the next quarterly total sales amounted to of which a very Large proportion was sup plied by mercantile Marine United states read ing and american beet the prosperous condition of the Independent steel manufacturers was seen in the second quarterly statement of the Lackawanna steel showing a net gain of almost Over the same Quarter of Bonds were again inclined to with further extensive offerings 6i anal French total Par aggregated United Stales Bonds were unchanged on the Canadian Bank of Commerce sir Edmund John general assistant general superintendent of Central Western savings Bank accounts interest at the current rate is allowed on a deposits of and careful attention is Given to every Small accounts Are accounts May be opened and operated by in Case of the removal of a depositor to another the manager will be glad to advise regarding the Transfer of the accounts May be opened in the names of two or More withdrawals to be made by any one of them or by the main office s91 main Wanager asst other branches in Alexander Blake fort Kelvin North Dufferin and main Portage july local Stock Market was a trifle More Active it the improvement in demand was not Price changes were but in the main the Down Ward trend cons smelters was the most Active Issue and made a new Low record in the history of the new despite some rather encouraging news to the effect that it has succeeded in settling the labor troubles at its properties in British Ames Holden preferred dropped five Points to 65 Canada Cement declined to 63 and Nova Scotia steel to with the Best bid a Point Winnipeg electric was unusually with sales of 110 in the inactive Dominion can ners preferred was offered 12 Points lower than yesterday at with the Best bid five Points Dominion few York by Hammond new York 66 52 53i Anglo French 5s Alli Chalmen 20a As Chin f Cotton pad linseed Amer steel f sugar at t Woolen Anaconda 78 Atchison pad 99 Atlantic c l Baldwin steel i petrol i pad 19 42 62 92 109 in 95 i 74 69 i 91 52 s3 a 2 63 129 it 79 i july 95 20 21 71 73 66 u 88 it 90 h 52a 53 i 53 a 53 49 h 42 42 62 62 91 i 129a 43 43 104 112 70 i 89 85 v 71 89 i 69 i 85 a 178 179vi 53 61 u 97 128vi 46i 133 62 97 i 20 h 43 134 of a comprehensive banking service the Jim bade of cauda not Only gives its customers every form of service which Bank can also offers the decided advantages which come from a network of 315 in covering every part of May be serve you i two Central offices other branches in Winnipeg Willum Oruie Garry Niero toil by july first three months of the present fiscal year of the Dominion textile company Are under stood to have shaped up extremely Well and results Are better than for Tho first three months of the last fiscal All the Mills of the company Are Busy and the aggressive stand which Lias been taken to develop the Domestic demand for Cottons Hris been the Only difficulty being experienced is that the Mills find it hard to keep up with the orders on the Moose jaws Moose july assess 71 42 35 53 45 35 36 53 35 104 50 504 45 at it is improbable that 1 these figures will be much altered by the rulings of the court of the chief reduction is on a portion of the Hammond Block owned by the Canadian City and town properties the assessed value of the 25 in Block old was reduced by the court of revision to i 200 no Appeal was made on the i other two lots comprising the i the assessors prior to Tho j holding of the court of revision was As i i land improve business in Condon Lou North sirt cat port at dont write when you can secure your business rapidly and at such Low expense via our night letter service to great twelve words for to London or Liverpool extra words other twelve words for extra words i Central i o p w i p i Chino Copper Gas i Southern j Crucible steel i Hudson i distillers Erie 1st pad i Erie 2nd pad elec 165 1654i motors 500 501 1 Goodrich 73 it pad 119 119 Ore Western pad Central Copper inter Boro met i Copper i Southern pad steel Lehigh Val so n Maxwell motors Maxwell 1st Maxwell 2nd Soo petrol pad Pacific National Lead Central new Haven w Pacific t Pennsylvania Peoples Gas 1ltuburs Coal 1iltsbure red dressed steel c steel Spray Reading s i pad i Shattuck Ariz Seaboard l i Seaboard pad Sloss Shef Southern Pac j Southern by pad i Studebaker Copper Texas Pac Texas Oil twin City Union Pacific rubber 52vi steel 84 steel 117i 178h 53 61 96 i 128 a 20 42 133 71h 69 h 41 i 35 a 53 165 500 72 34 34 i 70 89 h 435 85 44vi 179 61 it 96 20 42 132 i 31 70 150 41 i 35 53 165 501 73 4 69 133 74 85 i 54 126 98 h 63 4 103 69 133 74 i 85 i 54 h 99 i 63 104vi 61 i 130vi 112 57 21 16 4i 97 i 45a 42si 45 97 24 i 68 12s 30 36 104 50 16 45 45 v4 34h 60 68 63i 77 78 i 132 132 72 74 85 85 54 54 126 98 4 11 i 6 6va 63 103 i 60 i 60 26vi 129 112 35 57 57 101 in 26 102vj 44 43 41 42 21 i 95 96 i 107 24 25 16 37 i 44 43 97 97 it 23 24 68 i 68 125vi 126va 30 h 188 13s 52 i 84 i 75 Home office the Prudential incur since company of St nearly persons Are employed i to conduct the enormous i Bui new of life insurance for the whole family local policyholders by the Prudential Lance organization plus amount held at in Terest to their Over 738 million dollars 13 49vi 71 49 3vi 28 55 71 50 4 weekend for 24 words to London or liver Pool extra words elsewhere in great for 4 words extra words phone nearest office for messenger and for information Ceolor Mark All via the Prudential insurance of America Locopo rafted under the of the sir of new Jeney i Forrest i Home office Winnipeg office 4m432 Somerset Block James superintendent Coal Coke Galt Coal Bankhead briquettes american soft and smokeless prompt deliveries Hammond Nanton wholesale and retail Cor main and Portage phone 8400 Utah Copper 75vi 75j chem 30 Wabash Wabash pad 49 Maryland Union 93 electric 56vj Willys 73 Central 49 51 Money sales to noon total sales july conditions showed Little or no change Here today dribbling with probably a certain amount of Short resulted in further sagging in some of the munitions and Allied Sharp Breaks in two preferred stocks of very limited activity furnished about the Only incidents in the Good wins preferred sold at 40 for a Hun dred a Clear drop of 35 Points from the last previous i the Only previous transaction for the i six weeks Iloe Stock i was offered at 40 at the Ames Hoiden preferred sold Oft sharply to a net loss of 9 and closed offered at the Orice was As High As so in Iron was the most Active of the munitions and held iary steady considering general the Range was 53 to 52 with the close at the or 18 steel of Canada held throughout the Day at a higher level than on and finished 14 up at 55 12 after fluctuating Between 56 and 55 Montreal the Prudential insurance company of America he no connection with any other life insurance company in the and should not w confounded with any or former r of similar Grain men a thoroughly experienced Grain familiar with All Well acquainted with local wishes capable of taking full charge and can furnish Best of references and apply Box 447 free Mcdougall july 26 brazilian traction59u fi31i c3 steamships 24i 24i car 116 Detroit United 117 bridge214 steel Montreal power233 233 Nova Scotia steel 124 Ogilvie flour mills131 Penman 3 Quebec railway 30 31 shawinlgan1s1 commercial big Strong Trade on rust reports All wheat higher with Minne Apolis extra Grain july the glorious twelfth was certainly a great Day for the Winnipeg wheat closed from up after touching up for Oats closed in up for july and c up for flax was 2c up for bet Ter for october and 2c up for de Chicago wheat was 2c up for tic up for september and 2c up for the Strong was better for up for sep and for compared the amount of Trade done the fluctuations were after the Strong opening and jump in the first Trade was pretty Winnipeg july and october fluctuated which was the widest the three the aulls seemed pretty confident at the and prices did not decline very with a Little speculative interest creeping into the Trade is growing broader and if the rust re ports continue or the Liverpool de Mand improves the Market seems out of the rut for today Trade was of fair the first hour saw some Good partly from the exporting re ported no new Winnipeg strength was drawn mainly from the Black rust reports Are not yet believed by the local pit they Are gaining More adherents every Snow did not see any signs of rust a Day or two but changed his tune and gent in a bullish this was said to have brought some outside buying in the last hour wheat looked like working lower on but a rally took the prices up 1 cent to the High coarse Oats were very Strong in the Early part of the with july jump ing up from the opening this was due to some Good buying and to the strength of wheat to wards the close prices eased off a flax was steady put rates on the lakes Are very some of the shipping Side were bid Ding 5c for Lake space the firm close of helped to strengthen the american late advices from them said cargoes were up from 6 to primary receipts at Winnipeg were cars with in Minneapolis and Duluth passed temperatures Over the Prairie provinces were with the weather generally Fine and the forecast for thursday is Fine and comparative Cash Minneapolis Winnipeg 1 Northern 2 Northern to Winnipeg Cash these prices Are always the quotations on Cash grains at the time of closing the option previous spot 1 2 3 northern111 if s feed 92 h 1 rejected 2 rejected 3 rejected 1 Tough 2 Tough 3 1 smutty 2 smutty 3 smutty 2 3 1 feed 1 feed 2 feed 3 4 rejected feed 1 2 97 94 30 93 44 43 43 43 42 74 70 64 64vi Winnipeg flax Grain cars inspected july 1916 wheat 719 Oats 225 Barley 34 28 1006 594 347 primary Lewis last receipts Corn smelters steel of Canada 55 i Toronto 39 Winnipeg 94 mox tubal 34 39 10j reported by Mcdougall july Cement common 140 at 63 10 it 25 at 40 at 60 at Detroit United 20 at 260 at Dominion Iron 25 at 5 at 115 at 53 115 at 125 at 53 10 at Shawinigan 45 at 130 15 at ame Shotten 10 at 68 20 at 67 25 it 66 Dominion textile 10 at 50 at 50 at 56 25 at car foundry 50 at 10 at 34 Quebec 35 at at 40 405 at 125 5 at 5 at 12514 230 at smelters 165 at 34 35 at 25 at 33h 75 at 34 50 at 30 at 59 i 35 at 59 25 at 59v2 25 at 4 at 25 10 at 82 Toronto 15 at 99 Dominion Bridge 15 at 215 25 at 214 Cement common 5 at 285 at 5 at Detroit 270 at 116 v4 1 at 275 at 116 25 at 75 at 117 Iron 10 at 53 50 at 5254125 at Montreal Power 102 at am Sholden 53 at Canada 70 at Bell Telephone 10 at 150 25 at car foundry 23 at Canada car foundry 10 at Nova Scotia steel 25 at 124 25 at 124 50 at 125 at 34 25 at Way Adamack 25 at 53 50 at 75 at Bridge 10 at 25 at 59ft5 at Sterling new july i for american markets Chicago Market Early influenced j by strength in Minneapolis and win Panicky buying around took prices speculative Trade was the feature with the Market responding to Minneapolis Minneapolis Snow report on Black caused Strong brisk Trade resulted taking wheat up nearly from country buying appeared most of the out siders seemed to be on the Short Side and the rest Are beginning to take new interest in the 111 Clearing is always whole Chicago july 108a left 110a 113 Minneapolis tuly 114 116a sept 114a 116 11414116 Cash prices 1 hard 1 Northern 2 Northern 3 Northern Duluth july fluctuations in Winnipeg Market 4 High 117 112 4614 42 177 179 44 173 175 45 177 179b 177b shipments Oats shipments wheat and bushels livestock news the dash after a figure indicates a split Orice that a Purchase at mean at 88vs and at when Price is split at close at lower figure for 108 110 114 a 121 112 1057s 109 112 109 Llla 114 115 115 113 116 112 118 116 sept 114 dec h6 114 Duluth july 199b 196 19o i99b 201 i 196 201 i 199 198 200 195 200 198 Chicago Cohn and oat Corn 78 78 i 77 i 77 78 74 74 h 74 63 64 i 63 63 a july sept Oata july sept 40 40 40a 42 41 Chicago lard and ribs july sept july sept july sept 41b 40 to 40 41 american coarse 3 o Barley Rye flax Baird 39 39 65 91 198 39a 73 92 92 201 produce Day by Day 10 per 10 per per Creamery fresh made Price to retailers factory Dairy jobbers and per straight 1 per Doz Cash markets hog Market steady cattle prices drop cattle prices were easier wed closed at were Union Stock july of live atom for wednesdays trans was the Quality of the cattle Only fair to Anu was Duiet und prices were Down a Little on All Quality and prices easier on that stuckers and feeders ing about steady on tha Sood out alow with a much easier Heelms on Aitkin tout Tow the comon sheep lambs Are on the decline the in rec is Anas for cows and an Ojers Are in ethos Market was Little mesday due to the Light run Aad All buy ers on lie Market for started jut at a bid closed at 12 1275 1 950 1 1420 1 1170 2 1250 9 985 6 1260 4 953 1 1290 1 1140 1340 1230 1 1170 885 720 110 862 1075 878 757 1 2 1050 1 1320 1 940 1 910 3 760 Schiller r Wells merchandise h Wolfe Light h Lyman Smith t 5 Augustus t j Cowle Ore Agassi Ito passengers and merchant huge concerns conflict new july Industrial 41 Cohol is controlled by Standard Oil which bought a majority Otth Stock last year from the distillers securities company at a Price consider ably under per the Pany is said to have made eat Rmour profits in the Sale of its products t0 manufacturers oily powder the Dupont according to rumours in Wail bought heavily of Industrial alcohol in open mar Ket the expectation of a dividend the controlling it is now Are not disposed to Declara any dividend at this tha slump in the Stock is believed to be the result of this will Cost july that arc ton would immediately of the Bis steel Plant which the United states steel corporation plans to a rect it made by Wallace xes but was in the Cay Arra Giai certain departmental matters in connection with the going ahead of the work the company Over two years As secured a Large tract of land at olb but Little has been done up to it is understood that the Plant to be erected will Cost about judgment for Large july Toi was Given to the National Bank of Commerce against Ciao chairman of tha Board of the Pierce Oil in a decision by Kinsey in the circuit court Here the Case involved a controversy Over the Possession of Tiv entire Issue o Stock of the Nashville terminal com any of with a Par value of the Bank sued Pierce far alleging that sum to tie real the Willy Overland new july Overland company directors today declared a quarterly dividend of 3 per cent which increased the annual rats from 6 to 12 per an extra Stock dividend of 10 per was also de 1 2 1 2 2 3 890 985 850 915 710 900 2 4 10 4 1 760 625 600 670 782 680 1 1150 2 1075 1 950 4 1156 1 1350 1 1090 2 1233 1 1110 2 1200 2 1090 1 3 1330 1080 1 900 0 1030 1 j30 540 1 1110 1 1250 2 1120 1 1210 1 940 1 1060 1 850 2 1130 3 997 1 840 2 1060 2 1035 2 963 2 s90 1 1020 2 850 2 boo 600 1 325 345 the Cash Market at present is see ing a big a very Good demand for wheat is Beinor met by very heavy exporters Are absorbing the most of the wheat to fill i67 207 but premiums Are changing very lit 1 Northern sold on a Par 4 with july most of the Oats also were unchanged tuesday with the demand and offers Well 2 was on a Par with Barley was firm at higher prices Grain shipment to foreign countries 1 1120 75 2 895 1 1370 1 1200 1 12w 2 815 1 Uso 4 940 2 1375 2 555 1 1570 1 2010 s6 25 1 1490 1 1420 1 1 1650 1 1530 1 1410 stickers and 3 393 6 910 8 907 7 731 15 547 1 450 6 645 4 607 7 773 1 510 9 220 2 325 7 310 1 420 1 220 2 435 1 225 2 215 3 163 1 320 sheep and lambs 8 75 16 93 11 127 1 fio 7 35 50 z 91 54 235 93 197 82 221 1050 own and cattle receipts steady to Loc native beef to to stickers a to cows and Stock this morning were 100 cattle sheep and 700 Boss we Trade on the whole was Dull with the Lake shippers clearance association have a memo from the Cus Toms regarding the exportation of to Grain to foreign Grain shipped through the United states to countries to which Export is must have the consignee specified on the Bill of lading before the Grain is allowed to Cross the unless the shipment is made under License or wheat Sam Pip from a Sample of wheat was brought in from North which was of much interest to the Mem according to the British Empire Grain the sender of the Sample was an expert and he declared there was no sign of rust on any some of the leaves had a Gritty which might be mistaken for company i reported by Mcdougall 1 july car foundry company has been awarded a contract by the munitions Board for owing to the fact that the question of delivery is a vital no report has been made As yet on the the earnings of the Sawyer Massey company from the business Are very heavy and Are seeming to run above Ivellys dividends Are payable the Stock on August 1 to Stock of record july the 10 per cent dividend is payable 5 per october 2 to Stock of record september and 5 per april to Stock of re Cord March i Market calves Western and feed s an to Northern navigation company foil summer service now in effect sailings from Duluth every thurs every we Nev through tie Kats from my railway North Aston 364 main winn1pes main to and front Kew York and Glasgow calling at Liverpool sew displacement the twin screw California Glasgow direct 3 Ca Heronia for books or Appie Alex Calder is main phone Mala or May hallway ticket while caves sold at from to Loc per Pound As to Quality demand for hogs was fair and sales Snen at and rough Stock at to per 100 weighed off London july were s 6so Bales offered at the Wool auction sales the selection was Good and the demand was Merino advanced from 3 to 10 per on rus Sian july Thomas steel w Light for Ore Allan line the popular Pioneer line sailings from to treat corinthian August 2 to carthaginian August 9 to Grampian August 12 to moderate unexcelled service apply Early to any Railroad or Stem ship or 364 main the Dominion Bank i head office Toronto establish and 1871 5 of capital find or omit i service 5 Bepat Talent at allowed an Dop Oriti at and z Bra act at 73 j Bra mobb in Arliston Arlington and Hortn and main Fotte Dane and Rort afo Ettace and Agar Raoke Dzaack main and Redwood a ammo Hub am superintendent of wet Taib Winnipeg Aga 5 Cunard line Montrea London 5 Tasmania 26 Tau Sonta 19 Tasmania 7 Tau Sonia new Yor London 5 Pannonia 12 Tanzania 19 Talavnia All London service steamships Call at 1840 Montrea Bristol Avonmouth july 21 Folia 25 new july 22 Saxonia july to carpathia 5 Cameron a 12 Orduna 19tuscania it carrl93 Cabin and third clan carries Cabin rate full particulars from any hallway or steamship or company 804 Maei direct service to Glascow on Largo twin screw steamers new and up to Date at Low rate comfortable rooms Donaldson Standard on every Steamer and steady at let us Tell you about interest tons trip across no trouble to answer enquire from any Railroad or or Donaldson line general 449 Mola main 5513 531 Oran Vine Sec French line l to in ssh new us Layette Chicago Kocha Beac caller general 6bs mule or Auu Kuwar ticket Holland America to sailing Udot sek Bat to Rotterdam via fall we Tain screw carry noordam s Amsterdam Calder general 863 main v or any railway tic Ucac to3k Montevideo and eno3 air13 Lamport 42 Calder 663 ;