Winnipeg Free Press

Manitoba Morning Free Press (Newspaper) - January 2, 1920, Winnipeg, Manitoba Manitoba free a x l a Ivy 2, .1920. 13 Money and business Union Bank has larger profits Eicel Lenl report will be presented at the annual meeting on wednesday next a it Luff of Tia so a re holders rate hink of canal a will be held it Ihrl h ii office in tills City on ,1-noon, the annual report will be Arsem cd and directors elected for the Union Bank in the Pant Douda quadrupled hit resources and us in tie banking world has been much More than also or the incr aged Arr f o Tii Pust i True s i considerable Tho of Twe up Mogiln in the ii Tury the institution. It 13 noted. In common All other can in Banks the nil Profaca i Avo not at Ull i saw ult inc increased re Noureen and u ennui a meeting tha inner. H. B. Slim will report net i for Iho of 1932.256. Tho of Tho inn la will at s174. 1. will undo b in a do at Tho wednesday of Ile the Curac of . From 5o.ooo.ooo 5b.ooo.ooo. And in connection with thu increase there put Lalosin on the Stock the Oit Oul of this Tomb tier the earn of ind Tho butane from Lunt in the or flt and ions account pro r Laid fund of ill in jail of tin directors. From Thia Iuni there Ai paid dividend it the rain of 10 a cent. Annul Atul there we. Trans Reserve account the sum of i Choco. Other payments were ind e in a Roll and Iota Nura of Tetra i a in tha Arl l the annual meeting the com not Tola of arrange Niamtu the Bank of new Portt. Under which Ovett Bata been opened in the Orient on pict la Coa it or the United had Tea and arrant Wernerr Canadian Init Sutlon. John of thin City la Tho president of Lou Bank. N. T. Kelley la o the vice Presl Denta. Tables printed below incl Mai. The the assets of the annl and from Jear i the net tie 1917 si6 191j 19k 13jo 19h wi1 1-Dio 1919 91t Islo 1s13 912 total assets. Earnings. 143.411.927 91.561.64 j 80.766.532 08.237 53.4s4.82a v7.455.bs7 5932.356 824.174 763.463 651.133 659.688 712.440 750.095 706.832062.437 figures Are High s i i will Street never did so much Busi nor made so much Money Torh. Jan. Pol Trof Rell Volty ind volume of jus nebs. Both in clocks and Vonjj. 1319 Eil Ablahed now a erdi on the now tort exc mans a considerable margin. Otle Lal Al Jures not but total in Atoche for the 12 months about aha St. A inst 141.662.0co in 1918 and co in 1917. Of for about 33.733.866.00o. Against in 1918 and 1917 so Chungas total of s2j4 8o2 and s31.97a.388 c03 against. And s13.s57. in 1918. Haney retires from Home Bank presidency 5 Toronto. Jan. J. Haney is re Isains from the presidency of tha Home Bank of Canada and is being by h. J. Daly. In. Daly who la j6 years of ago. 3s associated with department store Toronto Ottawa and Montreal. He is a Mem Berot the Dominion labor Council and wus first chairman of the labor Appeal Board. He has been a director of the Homo Bank for the past Wiiret years. Wilson signs Mcnary Bui. Washington. Jan. 1. President Wilson has aligned the Mcnary Bill Yontl nuns the United states Susie equalization Board throw fish 1320. Manitoba finance. Tho Nguvu rement has just completed arrangements pay Bonds the amount of which mature in now Yort on february 1st. J Tho merchants Bank of Canada took the Bonda of Tho province at Price of ?102.81. These were live year six per cent securities and it is explained that Tho Money was delivered in Canada. The rate Floures out at 3.g5 per cent per annul. The explanation of this Low rate is that the transaction is in fact wholly one for the United states. No Money would actually delivered in Canada at the present time at this rate. The Money will in fact be delivered in York met Tho actual be realized by the province will he j102.s1 lest Tho rate of Exchange. The Exchange rate in this Case is Bald in pc been fixed at a so that the actual sum which 5n provided in new York is Tho rate paid for the Money will therefore be the Normal one at Tho present time that la in of Ceca of six per cent. Three syndicates put in bids for Tho Ilan Toba funds As follows first Wood outcry Dominion securities and a. E. Ames All of Toronto i second. National City company. New York Harris Korbus and the Continental and commercial Trust com Pany. Cd Clifio third. Am thus Jarl vis Illinois Tribit and savings Bank. Ching of first Trust and savings Bank. Chicago and Lee and company Chicago. The High bid was uoc.s1 us stated and the lowest the sover Mont Una still arrange for due in new York Short term financing will be done provide this Money. As a result of the Victory loan Campa pm. There la Ottlo Loose Money in Canada and the province would certainly have pay Over six got a Large sum in this country at Tho present time. The Refe Rcd above will be got in Tho United Staten from United states investors who will get probably per cent on their purchases still leaving a reasonable profit for the principals for whom the merchants Bank of Canada la actins curtailment of buying Power coupled with a Lack of unanimity of opinion As Eliut the future holds. While retail Trade shows general activity and wholesalers and manufacturers wore represented As being unable Supply Tho Demund the great growth business was Hown Ivo been in terms of dollars and not in units of productions. High wages for labor further complicated the situation according the Board h View. Practically every Federal Reserve District reported that Hill la cd labor was working Only suf Lac int Duys keep it a Ultang in n consequent falling of in pro diction. Writes much business .1. W. Stewart general manager of the Monarch life ii Sunnee com Pany the head Olla cd of which is in this City. Tuth returned Winnipeg from the i clue coast where he spent sonic weeks on a Holiday trip. In a new years Massage Tho policy holders of the company or. Stewart reports unit at the close of the year the Kuh in the history of Tho organization mid. Also the Best Tho Monarch had policies outstanding the amount of Twenty and one Quarter million dollars. This is a record exceeded Only by Ono other Canadian company. Or. Stewart also stated that Tho expense ratio and Tho on poll Clos in 191d compared More than favourably with the previous twelve months. Tho Cash Collar lion of the your have Boon the highest that Tho com Pany Lias known and the Raio of in Terest i Iris a ten Tho investments has Boon most satisfactory. The Outlook for the Monarch for could a or Coly brighter or Mure cheering. The demand for policies which has Boon Good All the year continues Una Balomi. German bourse stronger Berlin. Jan. Bourse wednesday assumed n Lively my firm tendency on the occasion of thf1 invt Day of 1910. This wus duo chiefly the understanding Gormany had reached with the entente with regard the signing of Tho Pouch and the of not Tor conditions for exports and imports. Commercial Allen dividend All Grain growers we want i Andis on commas slow your Carlots of wheat. Onti bar Ley Hye and flax. To look after inspection and weighing ail lae u soiling or holding and Securo for you the highest Saullo Prywa time of Vla Liberal Advance per cent. Interest. Write a for slip plug Bella Ahl plat instruct Loris. And for on other in. Forint Talon about rain. References the Union Bank of cauda and its numerous our Nonesa As a tits for q rowers. Thompson sons Grain commission 100-703 Grain Exchange. Winnipeg. Greater Winnipeg water District theatre. People Maka a distribution on preferred Stock holders of Mia preferred Stock of Allens Wynn Lee ther Troj. Ltd. Sot u. Rlyn Satin vat Ardnt Lioti the re craved a dividend for Tho portion of Trio year cover of by Uiel purchases. This proof Refl atom la bears 7 Par cent., and carriers Ullh it a Bonus of 25 per cent of common which the promoters hops will some a be Worth snore than the remittance of end is in tended which qua duo on Tho preferred Stock the close of Decem Ber so that Tho could in Klix a Clear Sheet. It expected that 7 per cent will be paid regularly on Thea Stock ninth and Daj of Trio local Allen and the finish Long Are now Belner put on. It that some further of Ferlinc of Ito of in Toon Mayo v Tho company in Trio near future. Future of prices Washington Jan. 1. General anxiety prevails throughout Ameri can business concerning the continued Advance in prices and an adjustment appears imminent. The Federal Reserve Board reported last night in its review of december business conditions. Through Tho Board s statement Tho inference was Atron Fly riven that a reduction in prices is due because of a increase your knowledge of Bonds Evon thoth re 3. Consistent Bond buyer thera May be porno Points about Bonds concerning which you desire More completo a formation. If an inventor in other Linos or a Bond buyer you owe it yourself become fully on that merits of this increasingly popular form of investment. Both exper fenced and Bond buyers Wilh there fore find our Booklet of interest and a copy will be sent you without charge or obligation upon request for Booklet. Clark Martin investment broken l1nd.y building ground 337 Garry Street. Farmers Hay car lots Corn Oats steel Cut cracked Corn also All kinds of chop feed writ or Wir. For Price before your Are earryin9 Large and can prompt Carn fac Stock food co. 1m Princess St. Winnipeg Box 2923 pan Extension mining Stock boosted by "ikvestolis1 service. 13 c per share Send All inquiries direct Standard mining Exchange 222 Curry bldg., Winnipeg. Tenders sealed Tendon addressed the chair Man of commissioners will be received by Tho corporation of Tho greater win no per water District. Up 12 noon. Saturday. January 17. 1320. For the sup ply of the Follo Liik equipment. Motor trucks and trailers Gyratory Crusher railway dump cars and passenger coaches forms of temblor Anil specifications May be obtained after noon of tuesday. December 30th. Ip19, at the Dusti let s of fice Soi Tribune Bull done. It. Waugh. Chairman of commissioners. Grain us Charig in accordance with time Linno Voil custom nil Cochu Iiga in Cali Iida Tho United Stales and Ozeat Liri Tilin Wero closed now years Uay. Kor the of those who have been out of City Tho closing prices of the lust a Burket of the i air for or nuns and lev Custock ave repeated this inor liw. Tho follow lib review of crop come Tlona in tie United for 1019 by in. W. Snow will be found of intercut by Many readers the record of i3i9 Ono of erratic Chut Iboa. In Leal extremes of exulted expectation and depressed Foro boding but a Iii i final outcome that furnishes a sir Lkins Ovlin Locc of anti Lynn re sources Wrath in soil and in the Cne sri Industry Utji ution of Opportunity by Iopu Laton. In of labor Ahon Urc and in Tho lace of difficult climatic conditions the of production was Lish. Not i i on Tirc Nkani but Mirtl Clint. Thi Luann i of America at u time when Linnet or ripped productive labor in a void Otylior Dii Cotlon. And when Tho economic disturbances of the War have Boon a Kra ated by curtailment of production in Kentral Industry la. Have been tie oho of labor that accepted Ith responsibilities and measured up its duty. There no slackers Oji the Arm no shortening of hours or of ii fori no from Tho burdens imposed b Hui Kry world. Tho Amerl Nii Farmer Tai Ull Forth in this year of Tutupu Ono Man who with Clear eyed vision and Calm seeing Hla duty has done it. Unaffected clamor Luc cod by class propaganda he Lias Wor cod that Tho world in she be fed. Becoming the greatest Arcady los influence in Tho maintenance of Tho toc Lul order that Luis been bullied upon years of human experience. The volume of farm production the Tito history of these troublous is finally written will be hailed the Factor that Saph the world from Post War political cataclysm. Wheat a Promise that at one Elma it cont Nuspl on fifteen tenders for a school House wanted tend Cri will be received by the undersigned up noon 31st Day of Janu Ary for the of a one room Frame schoolhouse on Southwest Quad Lor. 2s-2s-7-w., in the school District or Blair Holm. No. 1910. Copies of Tho plans May be seen at the Home of Tho Secretary and at Jar tent of education. A marked Cheque for b tier cent of the contract Price must accompany nun tender its a guarantee. The building is be completed ready occupy on 1st i Fly of june. 1920. Lowest or any Oiler tenders not necessarily accepted. Tenders of Telephone supplies the Manitoba government is open it Colic tenders up noon Friday. Tui Sunry 9 til. Llo. For instruments poles Liard Vure. Wire miscellaneous supplies is set Forth in table of tenders must Muto doll very dates and submit girl car pro Fri Ubly . Telephone a Torch Ware 1 House Winnipeg. I Olcen May be. Sub int thu . Of Nicory in eight Rutch and shipping weights Are ape Elded. I most and specifications can be of Wilned from office of in pincer. I Dell Raj must begin within at Date of Purchase order and continue until completion in accordance with Dales As arranged. The Manitoba government Telephone i reserves the right reject any or ill tenders and the lowest tender not necessarily he accepted. Shull addressed the Effite of the main. Toba. Government Char lotto Etrest Niar cd Teiji Kir Foi man1tot5a govern mint Tull honks Comiti Isalone. Of Canada head office Winnipeg notice of annual notice is hereby Given that the annual general of the of the Union Bank of Canada cop the election of directors and a lev Goncal business will be held at the head office of the Bank in Trio City of Winnipeg on wednesday the 7th Day of january 20. The chair will be taken it twelve o clock noon. By order of the Board. H. 13. Shaw general manager. Nov. 10, 1019. Abe you an Elk anybody who has purchased mining. Stock from Gordon b. Muma can learn something greatly their advantage by calling on n. 0. Tobias 222 Curry building. Northern Copper Nickel mines limited non personal office. 704 merchants Bank bldg., Winnipeg Man. The mine with 100% Ore the mine with a future development Stock 20c per share one thousand shares or More can be bought on terms of 10 per cent Cash and 10 per cent monthly payments. The products of this mine will be sulphuric a big feature of this company is that any share Holder can get the Market Price for his shares any time he desires sell. Our connections in Trie Eastern states can absorb . Send your subscription on trustees the Lui Perial Canadian Trust company 356 main St., Winni Peg or Northern Copper and Nickel mines Ltd. Y All correspondence treated As confidential and promptly attended . New Issue subscription lists will close on or before january 10th, 192v Montreal january 2nd, 1929 Rogaff Effii Tapany cumulative preferred shares dividends will he cumulative at the rate of 8% per annul from january 1st. 1920 x Dank of Canada Transfer Trust company the preferred shares Ivoti be preferred assets and entitled a fixed cumulative dividend the prefer i Imin the company will have outstanding of 6% notes maturing Aslo on june 30th, 1920, and on Emu. Ult 1921. Application will be made in due course is both preferred and common shares on the Mont real Stock Exchange. Complete prospectus copies will be mailed on request contains a letter from Edward c. President and general manager of the company Joni which we summarize As 1. Cuban Canadian sugar company is being 10 a Miniri Al Llu securities of the Rio Caulo sugar company which i has successfully operated for a number i at Lauto on the line of the Cuba Railroad in Orient province Cuba a Large sugar plan Aumi factory. Production of sugar bags of 325 pounds cac ii my in 1915-1916 1916-1917 1917-1918 Lull -r.u9 1919-1920 1g9.691 2. Plantation lands consist of acres Don Iii it. Tin company of Winch acres an m Cane. In addition approximately acres of land arc in cant Midi a the Nilli vation o Lanners whose Cane is sold the company in return for payment the banners of he sugar p produced ijw1 cell ii i us i i j j 1 Tho company s own port of hear of cattle and draft animals etc., have a replacement value of at least 4. Net liquid sit june icj20, on the rumple Tom the san Dak of the 1919-1920 crop should he not less than 5. Net earnings for the year ended september 30th, Fly ducting interest charges and taxes and writing off for maintenance and earnings for year ending september 30th, 1920-aftur providing fur i merest depreciation and taxes on same basis As last available for preferred dividends Are conservatively estimated deduct preferred dividend. Available for common t.? 807i2j? equal Over. 6. Famines for year ended september 1910, As shown above made under unusually unfavourable weather conditions which prevailed during 1918-1919 drop. And then Multi air Low production of sugar was sold under government control Liidi has o exist at per in. . F Uba. Estimated earnings for year ending september an on an average Sale Price of 7.1uc Erlb. . And arbitrarily similar unfavourable under weather conditions and possibly slightly Hillur prices for than those now prevailing it is conceivable that this estimate of profits might be exceeded by from s300.000 the larger portion of this Issue has been sold in Canada Ari the United Stales. I offer the unsold balance Al a Price Sud a Erael carrying a kiwis of in common shares one common share with every four preferred shares payable As follows 25% of tie Par value on application 25% of the Par value on january 20th, 1920. 25% of the Par value on february 20th, 1920. 25% of the Par value on March 20th, 1920. Common Stock Bonus with be adjusted even amount by Purchase or talc of fractional f Hare Al the rate of the right is reserved allot none or a portion Only of the amount applied Lor. Of Only a portion of the mount applied for be allotted the balance of the Deposit will be in Puiul towards payment of subsequent instal Niciu. Tayim its May be whole or in part at any tiny. Interest will be allowed on pay a i mils at die rate of 8% per annul. Interest will be adjusted upon final payment. Application May be made on the form. Montreal St. James Street Toronto 58 Ming Street w. Winnipeg 500 electric by. Chambers limited Halifax St. John. . Rojas Hanoi m Prince William Street London . 7 Street . Application form Byal securities corporation limited 41 Taiau jul. In Illfay. St. 01 office sirs lie Reby apply for a Pai value Cuba 8% Cunius Latic preferred agree pay for same or my ii uni Lului May be allotted in terms of your prospectus dated january 1020. Will fractional share of common terms of your prospectus dated january Stock at Ralpf per share. Cheque in the on scr of Royal securities a we orate. Lini its. For the amount on of Racli Rel us applied for so Ioulia accompany this form. Name in address in 9. Or Moji Dale a Iamb rut Sosa c cuban Canadian sugar company Cuba Issue of of 8% cumulative preferred shares a dire Ful of the above company and ii in Viii 11- 1. That the company is soundly of Ami izod exc Well look cd my Paivi Billy manured. The world of which Mani it lie ohm Cozik Fui ii Frost Proiti Leblo demand for Hie production. I Jim provides a if re Inonu return an. Additional pm 1 in Llu Siock Bonus. On behalf of itself Iii i clients his company Ikis Rita in i Iii cock cuban Canadian 8% preferred find applied tins sainiv., Price 1.00 and accrued dividends yielding 8% carrying a Bonus of on common share with every four applications should be forwarded the undo rained r Dominion loan securities company capital paid up limited. Reserve 200 Sterling Bank building Winnipeg w. P. R1ley, vice pc Sidcot. Hall w. , Secretary. J. S. Loudon Vicc-1 ref client c. I. Hall treasurer. Orders or reservations May be Jcj phoned or Telep replied at our cup Noe. Floc Buiciuc iils 111 Iii Bertl a limit Are Ugi Fol l up Uli Icli no la Correct and a Clad in ;