Winnipeg Free Press

Manitoba Morning Free Press (Newspaper) - August 17, 1918, Winnipeg, Manitoba 22 Manitoba free press Winnipeg. Saturday Augustl 7.1918. Money and business. Pun to double Ime Rewth United states arranges new earnings continue enormous this year. Now York. Auff. Latch lire doubled in the new eight to Votuc Bill which in now a cons it Washington. This is universally Riga Ribeil a tit. Just ii nil proper. There is 11 demand Ilia still further action be taken in the matter of absorption by the site if portions of for tunes acquired by members of the Community who accumulate enormous amounts Anil desire to leave unbroken to the tar own immediate re l.ilive4 it m Reron zeil that Oliero no More equitable method of by Curier the needed Money for the purpose of us late than to Tux heavily thaw transfers. Lit the new Law certain income to Ixon Urc also doubled. The Aue Atlois of the tax on the excess profits Carico in business remains Ignact Tlacil. Kex pm pylons remain. There is no tax Oil the miliary of single men of or below nor in the Case of a married Man whose income does not exceed steel s Hupe earnings. Now York. Ujj. Ing the hot weather deliveries of steel by the u. S. Steel corporation in the current arc expected to exceed deliveries in the second Quarter. In Wilch Perlind record earning of Over were piled up. Alec Cut hot weather caused a comparatively falling off in production. Taxation is not bothering the steel corporation As the recent quarterly reports provided for Maxi mum taxation. To that any readjust ment in that item would to Down Ward. In the second Quarter steel showed a surplus for the common at the rate of nearly a share Annu ally. For the Tirrit half of 1018 steel s surplus for the common was at the annual rate of about j30.30. Tho first Quarter s earnings before taxes were . Null vat in the second Quarter. Therefore Tho last established 1874. Capital paid up Resl 94 branches in Canada there is a Universal Call for saving now. Start h. Savings account at any Branch with a Dollar or More. Winnipeg branch363 main Street. St. James Branc Corner Parkview and Portage Avenue. Half of the current year is expected to show a bulb increase in earnings Over the Glrst half. For Tho Lral half of 1918. Steel s surplus after tax amounted to about Anil it would not be or Lang if the. Total surplus after regular dividends and 17 per cent on the common for this year ran Between and 000. Steel common Sells sex 4 Viper cent on the 30th of this month. As Long a United states steel oper ates to full capacity there is no Dan Ger of a reduction in the 17 per con rate. Mercantile Marine. New York. Aug. There wan another meeting of Tho International mercantile Marine Board to the second in two it was Over president Franklin had nothing More to say than the stereo typed no infinite the preferred Stock moved up a Little on Tho Exchange but apparently it in a hard Job to restore the breath of life to a deflated speculative bal Loon. Nearly a year has now passed Lunce the famous proposal to sell the company s British ships Glrst was heard of and the opinion is strength ening that it will hang fire until the end of the a r. Silver Ore body disclosed interesting discovery made North of men meet in Spokane. New Tork stocks repo Riad by Osier Hammond Nanton to Anelo French 5s Amer. As. Colleni Amer. U. _ Amer. Can Amer. Car Amer. Hide. Amer. H. Pm _ Amer. New open. York Alfh. 1094. 93 s 77v. 73 83 84 i 15511 6 j 70 6 j 48 92% 39 47 .43 a 25 7a 68 v. 68v, a % 31% 68 u 31 ii 1-16 153 154 152 32 85 i 94 54vj 83v. 25 i 157 69 i 57 a 92 i 25 i 47 v. B l 109 58 h 32 153 45 i u2 31v. 51 20v, 51 27v. 96 51 55v. 55% want. All paid before trans Fera of land Aro registered. Edmonton. Aug. The coun cil meets tuesday evening it will have before it a Resolution passed by the Isth Bridge City Council. This motion asks the provincial government that before any transfers of land Are re plastered in the land titles office. Illey shall have certificates attached show ins1 that All taxes on the land in ques Tion have Lii in paid up to december 31 of Tho pieced inf year. Copies of Tho Resolution have been sent to Cal Gary and Slid Lcene hat. Midvale _ to i Acyl la _ National n. V. Central new Haven _ n. A. O a nerf. It West. Nor. Phil Fly i Enn e eople s ins pressed Steij o steel apr _ Niy 53 24 24 73 ,41v. 73v. 00 90 44 i 100 a 7 7 18 i 114 1 101 89 2358 73 42 20 23 r. 73 41h 44 rep. I. Shattucki _ Siun Southern Pic Lilc. Southern by _ so. By. Phil Stude Baycer _ Tenn. Copper _ Texas co. Mejias i act la twin City Union Ravel la u. S. Rubber _ u. S. Steel. U. B. Steel pad. Utah Copper Vire. Chem Wabash Wabash pad a Wabash pad b West. Maryland. West. Union _ went. Electric will i Overland a Lac. Central Minev _ _ Salei to noon total sales 184 21 891 92 24. 21 89v. 44v. 69 91 37 s 87 19 152 451. 19 44 111 11014 51v. A. 39 a _ 24 111 Ofifi 61 24 63 u 19 15 43 61 111 110ft 44 Savi 6 106.200. ,300. 44v. 51 3 i 38 23 a. 15 79 43 43ft 19 i 36 Yolk cui11j. Mcdougall Jowana report the follow ing prices ram the Broad Street curb new York City 13ij. Asked. Can. Copper. _ in. 1 15-16 s. S. 7-16 Shannon 4 Macnia 31 33 big . 15-16 1 Man Eit Oil 99 101 Midwest 113 115 Chevrolet 135 137 n. A. Pulp 3vt submarine boat _ 16 16t, Button . 51 52 Itzy Hercules new Cornelia. 18v. 19 United motors. 31h 32 Howe sound _. 4h 4v. Aetna _ i 1z 7-16 9.16 Wright Martin. 9 St. Joe Lead 14 it 15 Curt Ltd 36 37 inter. Pete. 13v1 . 8v. 3v. Bond list. Mcdo Uearl Cowan report the follow in quotations on Bonds from the new York Stock Exchange bid. Asked. Arner. For. Secur. 5s 97 98 3s 941i 94vi canned inn 5s 1919. 97ft 5j 1921-_ 95 1926 _. 5s 1931________ 92ft French United Ken com 5 1918 99% 19191s21 95 conv. 5vik 1919 93h russian rouble 1926 104 Cllrk of Paris 6s its of Bordeaux City of Lyons i City of Marseilles i r. P. R. .6s---- automatic telephones in one installation 94v, 94v, 94 a 99 99 95% 93 99 99v. 98v. 99v. 107 95 a 99 a 99v, n Money. Mcdougall Cowans report the Follon. Inc on for Elan Exchange 4.75v. Cables 4.7660 cables Carlei 3.99. Cables 51v Montreal stocks reported by Mcdougal Montreal aus. 1g. Close. The largest installation of Telephone equipment Ever made at one time As the automatic equipment installed in St. Paul and Minneapolis for telephones. In changing a City from manual to automatic operation the service is Only disturbed a few at Midnight. It took Only 26 minutes to change Over St. Paul and 35 minutes for Minneapolis. These Western cities have Brandon Regina Saskatoon Moose jaw Prince Albert Swift current Edmonton Strathcona Lethbridge Medicine hat Calgary automatic Telephone mfg. Co. Of Canada limited factory 805 Erin Street Winnipeg Man. Automatic electric company factory 1001 a Van Buren Street Chicago ill. Com. War Loans 1p25 _ i Dom. War Loans 1931 dam. War Loans 1937 am a Holden _ a inc Holden. Pad. Hell Telephone brazilian traction a Crompton pulp can. Cement _ can. Cement pad. Can. Steamships can. Steamships pad. Can. Converters can. Car foundry can. Gen. Elec can. Loco Maple Leaf mall Lar Detroit United Dom. Brodse com. Steel corporation com. Textile Lake of the Woda ont de _ _ Mii Donnld co Mont Lent 1 Over Nova Scotia steel Oslo Vic flour Mills Power Sci mans _ Quebec Una Hay bid. Asked 36 95 .9b 37 58% 63 u -16 37 63 113 150 3s 59 c1 32 38 103 64 174 123 115 170 Sec Lucia Krecl co. Of Cannon Toronto Street hallway Torden 1 Ulp t. Train Power csv4 month Bai. Automatic 2-3 Rixie Iso so 78 113 25 60 is 23 by con uni Montr-a.1. Aur. 16. Romont at is. Lawrence Al 90. Montreal at 81. At 75 Al 175 at 25 at 63. Hell at 130. Can. Car at 90. I ichor at 18. Dom Lalni 100 Al Dom. War. 50o at 93 i 100 it i i 100 at 93ft 200 so Al at 167. N. A. At 10d at at 25. I ran. Foundries r it 2s it 196 it 196tt 115 it 197 85 it font 193v4. Vroni plan at so i. Dominion m 13. Afternoon. Montreal aug. 16. Dorn Linfon 62. Montreal 00. 81. Us. 51 "4. Canada for riches mid 200 150. 20. 15fl 50. 13uvi co. Ion 75. 30. 201 20, 202. Cun. 1211. Cun. 77 1, Uro Rapton yield you absolutely worry As to safety of your principal and prompt payment of your interest. So Strong is the attraction of this High interest rate in Bonds of the greater Winnipeg water District that the first of the latest Issue have been completely absorbed. With the demand still unsatisfied the Watern District Board has placed upon the Market the second of the Issue of dated 1st july 1918 due 1st july 1923 denominations and Price 96.86 and interest yielding 6f we have secured an allotment of for Western subscription there is no sounder investment for your funds. Bonds secured by taxation. Payable half yearly on 1st july and 1st january. Place your order without delay. Write Telegraph or Telephone rown Bond dealers 296 Garry Street Telephone main 9058. Co. Winnipeg we buy and sell Bonds for our own account and any state ments made with reference to Bonds sold while not guaranteed arc our opinion based on information we regard As reliable being Datu we act upon in Purchase and valuation of securities. Official permission for the Issue of those securities As required by 3439 of december 22, 1917, has been duly obtained. Such however not constitute an approval of Tho Issue As regards its merits or Security in any respect. It signifies merely that the Sale of securities is not considered to be incompatible the requirements of Canadian War notice special general meeting of holders of Tho Northern Crown nil will be held at the head offic said Bank. In the City of Man., on tuesday Tho or May 1918. At the How o clock in the Forenoon for the d f pose of considering an agree Matt t the Sale by Tho said the Crown Bank of its assets to to Royal Bank of upon the Sot out in such agreement. A which will be pulled to each i Holder with thu notice and if j cd advisable of passing a j or resolutions approving1 Tai agreement and authorizing so Talent and general manager of it i Northern Crown Bank to affix t0 agreement Tho corporate Seal of 7r Bank and to sign and exec Jet i same for and in the name of a behalf of the Bank and Alio for.? purpose of considering and. If de advisable of passing All much and further resolutions for it b Ryling out the said agreement terms thereof As the uti shall consider expedient or and for the purpose of Board of directors to give in j notices and make All such inns tons and to pass and execute All other acts resolutions deeds mints matters and at deemed necessary for posing approval of the to the said agreement and for a Ryling out the same and the proceeds of the said Sale. By order of the Board. R. Campbell. 1 general Mug or Winnipeg. March 13, 191s. The Royal Bank of Canada incorporated 1669. J head office Montreal capital capital paid Reserve fund president. Sir Herbert s. Holt. Vice president and managing Dhruv 12. L. 1 Oase. General manager. C. C. Nelll supervisor of Central Western Robert Campbell. Thirty branches in Alberta he in in British Columbia. Manitoba crib Hundred and fort i in Ontario eighty seven in suit Init. Wan Allty one in Quebec and Attali eight in the maritime total or four Hundred branches throughout Canada six in Newfoundland. Winnipeg branches 4cq win c. F. Relland Portage Avenue w. G. Yule Grain Exchange it. G. Bald Portage and Sherbrook r. L. Paterson a Arr William and she Brcak t. E. Thorstenson Minier main and Selkirk a. H. Davey St. Boniface Provancher ind aul Neju 1 e. S. Phillips the Royal Trust company your War loan Bonds and valuable papers should be kept in h fire proof and burglar proof safety Deposit Vatu we have Bow to rent Jit a Yearb rental of up wards. The Royal Trust company Bank of Montreal building to buy a farm to sell a farm to get an appraisal on a farm whether land m unimproved. United Grain growers securities co tt3. Controlled by the Pany. United Groin widespread organization policy of the company liable information and tag to both buyer and list your land at want it increase your income he John uni the Monarchio a Slrine. I Doerfl Crft ii City i f Al " dlr Rotor. J Ujj Uri Irr i virgins ;