Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 15, 1916, Winnipeg, Manitoba Manitoba free july financial How Banks May in of to promotion under crease of he can somewhat As a Wise physician who that All is can do is to take obstacles out of the Way of or give some slight assistance j what renders the present occasion Aco reference was made no Rani is the fact that in the Brj w Tish Empire this year there is a up columns 1o n Stop which Tho to saving and an might take to meet the needs situation in the a Bank sayings putting it the care of Tho Best available in sympathy with the move am Sor Urr by greatly the number to increase ver of Small advice t Small depositors with re Ference to Iho of one of the list if not the left managers in West Ern wrote in As Fol i Wisl i the minion lows Brief article appearing in your of 1dealing wit i you strike the in several of in the weas which you us Argost for the enrichment of have been preached by writer in season and oat of season Foi Many other communications have come the from press which indicate that the very hankers in the do look with much favor on and it is probably in View of entirely abnormal conditions Wimch As a result of the sonic in this direction May or taken the parly this connection and As a Humble illustration of what is take the Cas of the servant girl there m hundreds of girls m Domestic receiving from to of a Many of these girls Money Home 10 mothers in this other have nothing or Virv Linie to others have Mouv Over with which they do nor knowhow n hundreds of them i this in an Nettei Drosd than the women who not one in a knows the meaning of a link run one in a know what to do with Hundred dollars if she had it in Tho Thitu ment to an Opportunity for financial that will never occur possibly not in the his tory of the the Canadian people have saved More Money since Beran than Ever the need for saving is greater than Over Tho demand for Money is Preater than and better opportunities for the investment thin Over Art the Banks have an for to intervene act Render a and a Reison for special now 1hit Wil never Good crop weather helps business Western Trade has feeling of reports from All new july to Duns review from Branch offices of Dun in leading cities of Canada report a steady distribution of seasonable merchandise and an in creasing disposition to anticipate fall and Winter reflecting More Confidence in the Mon Treal reports that the wholesale move main groceries and other Staples at Edmonton prospects Are regarded As unusually business at Saskatoon has been somewhat affected by a disposition to wait for More definite information re Garding the outcome of the but sales Are in very satisfactory volume for this and merchants Are not inclined to complain about the Situa conditions show Little change at re sales and collections mating favourable comparison with those of a year and prospects displaying an improving tendency right Sharp rebound after Dull Start contrasting features in the new York the chief new july Depres Sion in the when numerous specialities dropped to lowest prices of recent months of the and a Sharp rebound in the afternoon when losses were largely replaced by substantial constituted the contrasting Fea Tures of today feverish in keeping with the movement of the Early weakness was most acute in the War notably the equip industrials and together with United states Industrial alcohol and mexican losses in Crucible and Lackawanna american and Baldwin Loco new York inspiration and Tennessee coppers and Al Cohol ranged from 1 to 4 but United states steel at no time fell More than a fraction and was among the first to an assortment 01 resulting in general improvement in prices in that Market was effective in stimulating a better demand for stocks Here this steel of Canada and Scotia were features in the the former after a weak Start at 53 sold As High As 53 78 in the but by noon was Back at the opening in the however a steady demand carried the Price to 54 14 and the close at the highest left a net gain of the mar Ket in the Stock was More Active than for some Days about shares changing Scotia dealings were relatively about 400 but when the Market turned in the after noon Light demand advanced the Price in Short order from 124 to the close at the latter level left a 2 34 Point As the net Canada steamship preferred closed 82 14 bid after an Early Low of while the common was quoted 25 against a Low of 24 14 in the which sold 4 12 lower at 210 towards the close of the Moraine finished 212 against 210 on thursday in the unlisted department Tram Power sold a Small fraction higher a 40 Bonds were without total for the Day Bonds in unlisted securities 469 Montreal Mcdougall july 20 ment of merchandise is in trained volume for the season and that in eluding the Fer is Whf lir it ishm Catli the dignity of a Cana Dian Fri consider n Issue of tins it is quite True trial it is a matter of pc Tanj Elmosi insuperable diff a Ltd to increase materially inv Are usually f slow growth Tiu dec Ion clo not wish to and to not 1y in Canto they have no because Wilities but item pressure of in of Irvi Slot they ivc t of n a work Lia Kiv can cd he provide facilities for Sav Atid in moved with the Early current o their losses of one to two Points resulting More from he Lack of demand than actual goods an groceries is also quite i Canadian Lehigh and retail Trade has responded and Norfolk and Western fur very satisfactory orders for fall de livery Are being received for dry and other demand for paints and canned lately to More favourable wished the basis of the Forenoon Pes am Sholden brazilian traction Cement steamships Loco Pacific Detroit United Dom steel Laurent de Macdonald Montreal Power Nova Scotia steel Ogilvie flour Mills Penman Quebec railway Shawinigan smelters steel of Canada Toronto Winnipeg 60v 25 115 55 212 233 126 132 130 34 54h 96 58 61 26 119 170 117 131 62 31 131 36 54h 98 Iso i is v More Omulac Cal Iii i r the volume of Trade in wholesale and 1 with recessions of one to t 12 retail lines at Quebec is fully up to sex and with labor Well employed throughout the District and the agricultural Outlook Mer chants consider prospects very in More seasonable weather has been of much Benefit to the crops in the Vicinity of and stimulated de Mand for summer both at wholesale and As a Are extremely and in some departments complaint is heard regard but the free absorption of read ing in the final hour helped to turn the shipping stocks were moderately heavy on Light but came for Ward with rails final prices re corded numerous net the Only notable exceptions betas Tennessee Crucible and Baldwin Short covering was a Factor of no Small importance toward the adjustment of quoted total sales of stocks amounted to the difficulty experienced in re the Only noteworthy feature of the Plen Ishing but these features foreign exch nire markets was the receive Little because the i slight hardens of rates on Berlin general employment of labor at High find Rome with no appreciable Ait Era wages provides the people with a Larse amount of Motiey which they Are spending freely for their conditions in the far West and North West continue exceptionally Ideal growing weather for the crops in most sections resulting in Confidence that the present Active demand for commodities will be All classes of seasonable merchandise Are moving very freely at sales of summer boots and shoes dry Agricula in Sterling or forecasts indicate a Large Cash gain for the week for Large Banks which last week suffered a Drain of persistent Selling of Anglo French 5s marked the Days irregular dealings i total sales of Par United states Bonds were unchanged on few York Tural implements and machinery being especially while Advance orders already received Point to an Active fall and Winter there is a steady demand for dry the Dominion Bank head office Toronto established 1871 up capital fond every banking facility extended Sterling and foreign draft Boujie and told and of credit Ruurt a Saviage department at Eib Branch Are is s Wolf Leo main and Cue Mot r superintendent of Weetia Winnipeg the Canadian Bank of Commerce has installed safety Deposit boxes Lodge your title insurance policies or other valuables in one of these Montreal reported by Mcdougall i july Cement at 60h 50 at 25 at Detroit at Dominion at 25 at 35 at 52 70 at 50 at Montreal at at Shawinigan at at 21 20 at 20 at 20 95 at 21 25 Ames at 53 30 at 52 5 at 52 55 at 52 Lauren tide at at 53 25 at 53a to at 5 at 95 at 10 at 190 at 534 65 at 53a 25 at Quebec at 30 5 at 25 at commercial wheat prices drop jul round breaking up of rust scare places wheat in weak fluctuations in Winnipeg Market july july 45 42 177 178 High 116 113 45 42 177 178 41 173 174 115 42 173 174 174a 11714 114 112 178 177 Grain july Winnipeg wheat closed lower after a weak in which the Trade was by no Means july was Down october was Lac and december Itic Oats were c lower for and Down for flax was lower for 4c Liverpool quotations reported by july 1 hard Winter 2 red Winter 1 Blue 1 Northern Manitoba 2 Northern Manitoba 1bi new parcels 1 1 1 hard parcels 1 212 60 50 5 at 30 Dominion Bridge so 212va 25 at 211va 50 210 Toronto 10 at smelters 60 at 34 25 at 34va 10 at Way Agama 25 at 20 at 24 too at reported by Hammond new july Anglo French 5s Alli Chalmers 20 20h 72 72 chem 87 can 52 car f 51 a Cotton Oil hide pad linseed 17 it Lin pad smelters steel sugar 110 t Woolen Anaconda 79 it Atchison 104 did 99 Atlantic Baldwin Loco 69 89 steel is petrol 18 pad 178 Central leather 60 p 96 w 128 i p Calno Copper 47 i i 42a Gas san Crucible steel 67a Hud distillers 35 i Erie 1st 53 Erie 2nd elec Goodrich 71a pad Ore 3414 Western pad 36 it Central 104 Copper 47 inter 16 Copper 45 Southern so pad 55 54 13 86 52a 49 45 111 95 20 72 66 89 i 53 9 17a 41 i 92 45 77 98 58 129 43 104 98 111 67 1 88 432 85 17 45 53 60 95 a 9614 128 a 20 a 42 i 132 133vi 31 63 66a 151 41 41ji 35 35 a 53 44 163 i 164 485 72 71 72 a 118 11814 118v4 35 i 35 12 36 10s 104 46 16 89 u 178 177 s3a 52 61 60 a 96 20 47 43 134 67 a 35 Siva 165 36 i 104v4 48 for further information apply to main office 891 main manager other branches in Winnipeg Alexander Blake fort North Dufferin and main Portage of Canada give your wife an interest in the family Finan Cial Progress by open ing a joint account in Union Bank of in her name and your you will find it a very convenient arrangement for then either Oan attend to the banking when in town making deposits or withdrawing Money in Case of the balance automatically goes to the two Central offices other branches in we site Willum aul porn Etc Garry 68 68 65 68 78 4 78 it 77 h t 132 Maxwell 70 74 70 74 Maxwell 1st Maxwell 2nd 54a 54 53a Soo 125 petrol 96 97 94 i 97v t t 4a pad Paciuc 6vt National Lead 62 62 62h 62vi Central 103 103a new Haven 60 i 61 a 59a 60 t 26 it West 129 129 128 128 Pac Llla 111 35 34 Penn 57a 57 57a Peoples Gas 101a 101a 101a Pittsburg Coal pressed steel car 43a 43a 42a steel 41 Ray 21 21 i Reading 96 97 94vi s 43a 43a 42 pad Shattuck Ariz 25 24 Seaboard l port it arli Jalm 491 pwt Aie Seaboard did Sloss Shef Southern Pac Southern by pad Studebaker Copper Texas Pac 38 97a 23 68 123a 12a 40 97 24 i 68 125 i 28 i Texas oil186 189 twin City Union Pae 137 138 137 rubber 51 a 51 51 steel steel pad Utah Copper chem Wabash Wabash pad Maryland West Union electric Willys Central Money 37 97 23 68 125 29a 25 h 11 186 i 101 a 26 a 42 41 21 42 107 25 i 15 i 37 a 97 68 83 75 39 13 la 50 53 63 Svi sales to noon total sales 75 39 14 50a 54 65 74 38 13 i 49 52 62 Vij 49 2 c s at 81 at 15 at 81 25 at 10 at Cement at at 30 at 25 at 15 at 52 75 at 52vz at at 20 100 at mesh Olden at 53 230 at 50 at Dom at Canada at 10 53 60 at 45at 53i 35 at 2o at pfd50 at 82 20 1241 2o 10 at steamships at 22 10 at at 70 at lower for and 3c Down for Minneapolis was lower Lor july 3o Down for and Down for Chicago was lower for july Lic Down for and Down for All wheat closed nearly at the Low with Minneapolis very the late decline there shows the crowd losing Faith in the Black rust since the Black rust reports did not receive the necessary outside speculative interest in the Darket has been gradually today Trade was but much lighter than the beginning of the week and the Market was pretty weather was again an important Factor in wheat but Liverpool had a quieting tomorrow will see the prices need and More attention is being paid to the effect of that on the Liverpool Black rust has been Dis several reports came into but All chances of a rally were spoiled by modern Millers that expert can Only see rust in some water holes and that is not yet the close weather of late has been favourable for the development of rust and the week end should Tell whether the signs will trading was again mostly profit taking in the local there was some fair buying by the Export but for a Long while Winnipeg was the weakest Market of the there was some talk of peace in the but that had no effect Chicago steadied up Well towards the close and helped to steady there was a Small amount of spread ing buying Winnipeg december and Selling Minneapolis at a difference of 4 cents coarse Oats were steady and firm at the opening buying about midday sent prices up a but they came Back to the opening prices near the there was no particularly Good though a better demand in the Cash Market helped to steady flax went off on pro the opening prices were the High Points and though the fluctuations were wide Trade was this Grain lacked support with the american markets 1 prices Are approximately the value of wheat at the rate of sex rate of Exchange is not furnished by cables As received reads Market Blue 1 hard 10s 9d red 10s Lod 1 11s id 11s 1 52s 3d 1 53s 3d hard 50s 1 53s 1 Cash 1 hard 1 Northern 2 Northern 3 Northern july jul sept co july left Oai july sept dec Bra retailers take Trade journalist Back from the West tells of better commercial during my twelve years in Western Canada i do not a time when i optimistic Over m in general Outlook in these four pro Vinces than i do at the present time so Western Canada ont Auve of the saturday tour to repress who has just Winnipeg from an extended Thea Kythe Northern part of British As traversed by the grand trunk Pacific it May inter est you to know that the traffic manager at Vancouver informed me that the Fine coast Steamer on which 4rt i looked passage to carried a record passenger recent from Prince Winnipeg the transcontinental train was one of the had Ever in the Carpo were five refrigerator halibut being taken Prince Lippert to he my of from the fas Winnipeg wheat flax 97 137 51 c 84 117 75 it 39 1351 50 27 92 54 64 2 july Yorks late plan ahead for the childrens education times May be no and Money no More when the education of your maturing children befits to make 3f the Bank of British life which you owe the Bank of Start in life Wincn you British North America 79 years of Central Uini Lueit it Ana Selkirk n of Selkirk Milton Hersey limited Industrial engineers and analyses and Cement inspecting and consulting examination of chem Colega expert metallurgical Paris 257 Portage phone Grain men tinted with local capable of taking fall and can furnish Best of references and apply Box 447 free tedious people of that great City will Wake up some morning this week with a request to Haye fresh halibut served for breakfast ostensibly from their own but really from the Canadian Pacific at the North Ern end of the american this furnishes a new Angle on the possibilities of Trade in that District has never been fully App re if one were lacking in so far As the coast is it would merely be necessary to con Sider the new palatial Vancouver hotel among the Best on the con the extensive station and terminal huge Tunnel and Trade improvements he As carried out by the Canadian Pacific millions of dollars have been spent during the last few years by this and probably no one looks further ahead than they the Canadian Northern railway is also letting a Large contract for the construction of their terminals at to give you an said Pickwell i May mention an interview which i Nad recently with the credit manager of probably the largest wholesale rubber goods House serving practically All lines of Trade and this might be taken As fairly representative of other firms in Western this gentle Man told me that their Trade in Bri Tish Columbia had increased this year Over last about 30 per and the most Gratifying thing about he was that sixty per of the now asked for the usual Trade thing they if considered Durine the recent but1 the brightest and most raising phase of present conditions from Winnipeg to Vancouver is Tae almost total disappearance of their repressible itinerant Booster ele i did not hear of anyone lamenting their other than creditors and the avenues of Trade Are now held by firms interested solely in sound Busi in spite of very trying most of them believe they passed the critical made not so much perhaps by the As by the transition from the abnormal to the Normal in commercial with the possible exception of India interested in the practically All wholesalers and retailers claim there has quite a satisfactory increase in their records this year Over last and in some eases they even go so far As to say the returns Are better than Najiy preceding twelve Winnipeg Cash these prices Are always the quotations on Cash grains at the time of closing the option spot 1 no 2 3 w0 no 5 no 95 97 feed z 91 no 1 rejected 2 rejected 3 rejected 1 Tough 111 1 2 Tough 109 3 1 smutty 2 3 smutty Oats 2 3 44 1 feed 44 1 feed 44 44 2 feed 3 75vi 5 rejected a 65 feed 65 of i 2 169 livestock news 120 it Iiona 103 117a hogs gain 10 cents cattle hold steady cattle Market steady on All gain Loc and close steady at Union Stock july of live Stock for fridays sales were cattle and Tho cattle mar Ket was steady on All trading was a utile More Active and prices held steady at thursdays Choice Butch or cattle Are still bringing Good Best grass steeps Are Selling from to per Bast butchers cows and 115 118 it Duluth 200 200 195 195 201 201 197 197 199 199 77 200 199 Rrt and oat i for Corn and were in the 77 78 it to to calves were easier the Quality was Only fair and the Best they could do was s3 for Milch cows and springers Are still in Good prices Are Strong the duality kind no sheep or lambs Little up till Steckm and 640 4 5 820 4 1 750 2 3 813 s 10 s06 1 5 2 3 77s 2 8 840 2 1 700 2 1 150 2 135 8 271 1 460 3 330 1 460 582 382 815 330 860 935 365 560 480 july Market mostly Loc bulk of to 5940 to to to to to Market beef to Western to stockers and feed to cows and to to Market to to to London Wool july offerings at Tho Wool auction sales today amounted to Merino were Active South july receipts 10 to 15c lower Range to to Kollars steady steers a sets to cows and heifers s3 to calves steady to stockers and feeders to receipts 300 steady lambs 35 to Wethers s5 to s7 ewes to s6 passed the 63 i 42a 42 41b 41 a 42 Chicago lard and ribs july sept july it july Bept the hog Market today buyers bid noon but the Market went to j the Over hogs were in Tho both Eastern and local buyers were primary Lewis last wheat shipments Corn receipts shipments Oats receipts shipments wheat and 000 l produce Dat by Dat 10 por 10 per per or Bilbry fresh made Palco to retailers factory Dairy jobbers and per straight 1 per Doz Cash markets Premium on wheat with the result 000 bushels were delivered through the Clearing the offerings were Only but the demand was in some of the off grades it was to get a 1 North Ern sold on a Par with Otheir were a Little the demand during the Day sent the Premium on 2 to he but Neer the close Only brokerage could be offerings were Barley was with the first two grades 54 c better than 1410 1210 1140 900 1270 1085 1304 102c 1171 1370 so 1032 1141 1030 1020 953 1130 102s 1265 930 1360 960 390 820 500 1530 1020 1280 1355 1100 1010 1092 1200 1200 1120 940 980 950 882 1165 1060 1380 1500 980 1070 1580 1390 1170 1120 723 1530 1540 1460 1720 175c 1823 1688 1900 1655 Hill 3 1 2 4 1 1 3 3 7 1 2 6 10 1 1 1 2 1 1 1 2 600 1 2 1 1 1 1 2 5 1 on 1 pc 1018 1250 1025 972 1130 1330 945 730 861 1160 945 1048 92v 760 1540 720 730 880 760 630 690 700 650 805 500 1260 1055 1585 900 860 1060 1c45 1100 970 873 1020 1043 1010 780 1000 Roo 950 1050 820 840 820 11 450 900 1600 1805 1690 1880 1466 1650 1530 i Sault july 14 s 3 a 11 Small noon Assi 1 pen 2 3 4 5 Large Sam dim 6 Howard Laush s s 10 eee noon Delaware 1 Small 4 Anna 5 6 july Coal John Superior North Light for Ore Cement George Limestone passengers and merchandise Light for North merchandise passengers and merchandise Jonn Thomas Dalton Donald Superior Ore mis Grain believe strike july recent mutinies of sailors on two steamers Ashland Are hut forerunners of a on Thomies is the helmet or Marine men at the head of the my some Riff of like August during the current week two Mcdon Call 4 25 i were tied up at Ashland i of want of the fire hold crows refused to work when fhe captains would not pay them should the strike it to that the new seamens now in Force on Cirps them every Chance to win in Flor the ves Sels dare not sail Al though what the strike will he based on docs not appear As there is feeling of unrest that May break out into a Sarlous sailors have frequently attempted to quit at the Upner Lake ports hut masters refused to pay them until they completed the round 500 4 of Sterling new july sex for Saskatchewan Wool dealers ask tenders norral incorporated 1189 Fotja Mutt july Saskatchewan Farmers cooperative connected with the department of a culture of that has invited tenders from local merchants for 1 084i 000 pounds of which is to be sold on july and is said to be Worth about a number of tenders were received in response to a previous invitation but All were rejected on the ground that they were too Accord 4o to a letter received from 44 director of the 44 Toronto dealers say holders of Cana Dian Wool Are asking impossible prices and that they can buy australian and new zealand Wool to better advantage even after paying the much Wool is being imported from the an they Grain inspection inspected july capital paid directors sir Herbert president Vic president sir Aldred Fayette Brown Caverhill Crosbie Curry Dandurand Jones Macpherson Neill Hugh Paton Pease James Redmond Ross Ross Haig Sims Stuart Strathy Managar Winni poo Royal Bank 464 main data Barley 1916 1916 585 234 40 24 883 1915 81 12 1 6 Loo 463 209 76 Cal Gary 31 Duluth american markets american the dash after a figure indicates a split that a Purchase of at mean at and 5000 at when Price is split at close Clearing is always at lower figure for whole july weather for the Spring gave a downward swing today p the pric of in this connection the Best expert opinion held to Taco View that if the weather continued favourable the yield in the and Minne Sota would not be seriously diminished by Black rus London and pro Grad despatches referring to the possibility of a separate peace with aus Tria tended also to Handicap the wheat opening which ranged from to to c with july at and september at to were followed by a moderate further setback and then something of Rains where Moat needed in tile Corn Belt had a effect on the Corn buyers were after opening to off to a Shade up the Market steadied slip Ritly under yesterdays Oats held steady As a result of buying on the part of leading ele Vator there was no aggressive provisions weakened in sym Atn with declines in the to sup port was Cal count close july 10914 110 los i july local Stock Market was inclined to song the j Market being influenced by the new Sork where rallies Are feeble Ana i declines i Barcelona and Cement were the most Active stocks in a quiet Bra Zilian declined nearly a Point in the Early but closed at net de Cline of 12 a Point for the Day Cement declined a Point to 60 in the but strengthened a Hule Dur ing the afternoon session and with net gain of 13 at fio weak Ness in the Ames Holden Jan Northern Crown Bank the hts 4fc Home Bank branches and connections throughout the Home Bank was established a savings Bank sixty two years ago and it now does a very Large volume of with Thrifty full compound interest paid on deposits of one Dollar and sept a Levi 114 111 a 114 109 110 112h 114 was lower at the but steadied on Rast any outside assistance would have caused a As the rust reports were accompanied of buying later the weakness in the other markets and report by modern Miller caused prices to ease off a july h5 a sept 115a 11s 116k 116 115a113a 115 113a 114a 114a 116 a head office capital authorized capital paid up serve directors sir Robinson As h Mctavish sir Douglas John eneral manager Robert Campbell up of Mccarthy four branches in ten in Brish Twenty one in Mani Oba Twentyfive in fifty in a total of one Hundred and eleven branches throughout can Manater Winnipeg 426 main Street 114 Hammond Nanton Stock financial private wire with new York and stocks and Bonds bought and sold on commission ca3h of new Toroc and London England main Street and Telephone main to be had of the leading stationers in Telephone pen the Spectator a literary and theological weekly including Pottage to any part of the 12 payable in Standard Dank of Canada head office Toronto Money orders issued for any payable throughout great and All foreign savings Bank department est 1973 at All to main main Portage opposite ;