Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 11, 1920, Winnipeg, Manitoba 16 Manitoba free March 1 1 i m i Money and business annual meeting of Winnipeg electric portrait gallery financial statement for 1919 shows increase of in Gross earnings tse annual meeting of Ilsc i Jie Olric railway company and companies was wednesday i in Theab Sexion of Tho Prasi sir Augustus the Vic i financial statement j Gross earnings of rating fixed Rpss earnings for the year 191 i increase of Over the notwithstanding increases in and other the net Revenue j increase for the year of the and Vic president and general manager Morton Secre Ary i and i assistant Road to fun flon i May soon be built Winnipeg stocks fire ins West West Perm borne investment 50 paid trims i Edward Brown Speaks of the prospects for this big property Sec True i fire j traders bide Western grocers 1925 123 115 50 60 73 99 a 70 120 120 162 7o 35 82 Market is Active steel passed Par i a Maber it of the directors and Tho statements were vice reside and Lanager of the Standard representing tile is late sir William which recently presented its to compliment the Anu a t and the directors shoeing made a turn especially to considering sir aug stirs Lac and difficulties which tin Morton Hast had to William Tuph endorsed Harvey Buhanan and s that the management had Confidence and support of the j the following Are the officers of the company for the ensuing year sir the following directors were reelect Augustus president French government Bonds 5 Victory loan callable at interest payable quarterly present abnormal conditions in International Exchange permit the Purchase of these Bonds at less than half their Normal the Par value of francs is present subject to fluctuations of Exchange per francs including accrued Bonds Are francs coupons will be cashed at current rate of translation in eluded with Dingman company established 1908 Dominion Bank Toronto Edward Brown Saint Jast night that when he wits in new York a Law Day Sago he met the new owners of the flin f7on Northwest of the Well known Copper of that is the principal in the but other Copper people Uro closely associated with there people have not actually acquired the but have secured a twelve months and in that period they propose to ascertain what the a cml value May the International a Lckes company at one time had an option on the hut they Are not interested in Tho present their rights having lapsed some time province is committed to the building1 of a railway to this Northwestern Lac of win said the provincial treasurer to the Montreal stocks Market Leader sold at its highest quotation in several weeks by Mcdoucall March free the actual construction not take place until the province has secured certain undertakings from the mining Ancl until an arrangement has effected with the Canadian National will lend its the province will lend its credit to pet the Money for the construction of the it will build the line and will own the Canadian National railways will furnish the equipment and operate the Road Dndr lease from the there not be need for any further authorization from the the province has full Power to construct a railway line from any one Point in the province to any other Point in the the Road will Cost about two and a half million i to construct the distance to to traversed is 72 the new owners of the mine expect that they will be in a position to rive undertakings to the province about August if Fol lowing satisfactory arrangements Are made the Canadian plans will be Laid for a beginning Early in 1921 and the work will be completed in one a Macdonald Arnes holden156 Asbestos corp 75 at Lulu s 92 fisheries 60 hi11 Tel 105 Brazil i Crompton 78 Canada car 56 pad 1oo steamships 74a 84 for Glass e40 Cement 68 Cement pad 93 canners u 61 elec 109 106 Glass Petroit steel 71 textile 124 staurt Nolde 62 Lake of tha 190 t National brew 522 of rills 232 Llo Ter Lytic c Quebec by a Longan paper 18j flour 113 Shawn Nam p 112i 28v4 Spanish Niver life 128 howl of Tucheus Power 42 War 1925 95 1931 95 i 99 288 75 92 go 106 48 80 5b 100 74 i 24o 94 61 103 106 71 124 91 62 192 116 83 185 113 113 88 1k9 80 i 95 95 99 37 u io6 380 338 75 7s 92 60 106 48 7914 56 100 240 94 61 109 106 64 i 106 71 71 104 91 i 94 92 60 106 47 1 78 56 100 74 84 240 68 i 93 61 108 190 88 86 i 38 182 113 28 128 80 5614 95 99 192 52 232 Ufa 86 i 38 i 184 i 113 115 28 of 38 Soli 56 i 17 i 42 99 99 Montreal Price of gasoline Farch increase in the Price of a Rosoline this Spring was predicted Here today by Al estates at tending the National Petroleum con a Scarcity of Petroleum was declared imminent unless conservation measures were observed and greater production r4 Sun life established new landmarks x in 1919 new milestones in the Progress of the Sun life Assur Anck company of c a n a r a were passed in applications assurances in gratify ing Progress was made in All other departments daring the synopsis of results for 1919 assets assets As at 31st increase Orr income Lawne from in increase Over 191s profits paid or allotted profits paid or allotted to policyholders in surplus total surplus 3ist Over All liabilities and capital according to the company for the 5 with 34 and 3 per cent and for the select annuity tables with total payments to policyholders death matured during payments to policy holders since assurances issued during 1919 and paid for in Cash during increase Over business in Force life assurances in Force 31st increase Over life assurances applied for life assurances applied for during increase Over the growth Mcdougal March Bell los 106h 47i Brompton Canada general new March rigor Ous rally in foreign the Low est renewal rate for demand Loans in a and favourable statements of earnings issued by leading together with an increased accounted mainly or the breadth and activity of today Stock de Mand Bills on London Rose to be fore three exceeding the Previ Ous recovery by six cents and record ing an extreme rebound of 57 cents from the Low of last with con current strengthening of remittances to Allied Call Money opened at 7 per and held at that quotation throughout the although time rates were ostensibly reports credited Interior Banks with local reserves As Dis posed to negotiate new Loans for mod Erate amounts at recent supreme court decisions Deal ing with Stock tax exemption and rail Way valuations were again effective in the buying High Grade also the cheaper transportation and numerous railway denoted confident accumulation at gains of i to 10 another increase of unfilled orders reported by the United states steel corporation for february pre ceded the Rise of steel common to its highest quotation in several weeks and gave cup Haas to encouraging re views of Industrial issued by Trade oils and coppers were included among tiie prominent and higher issues of the but general motors and Cru Cible steel were relegated to comparative closing at nominal gains after evincing much sales amounted to Liberty Bonds were internationals mixed and the general Domestic list local transactions total Par amounted to old United states Bonds were unchanged on process of Saskatchewan will organize this week and the Busi Ness men of British Columbia Are ready to follow the Lead of the three Prairie business men of Tho from Winnipeg to he have expressed their entire approval of our colonization mayor Brown was Back from where in company with brigadier Gen eral he held important con Ferencis with the business men of the the Alberta Willie the uni rest coast mayor in company with Brik Adier general Mcdonald and Pun at in n principal of Western Canada am w Are now in in of the where they will address luncheons business men of the cd so i were tendered them at Moose and the Saskatchewan Branch of the Western Canada colonization association will he organized in Regina tomorrow following the noon is Laved most anxious joint hires in to ionization move enthusiasm lint to British with tin Rop Usei re elect their officers i assurances in Force 1904 1914 Itaf Tho Sun life issues More Ordinary assurances annually than any other company of the British 1871 ou2amda r pc head office Montreal president Manitoba Lindsay loan Manitoba Dominion Dominion 124 Lake of the 190 51h 91i Spanish 12s Montreal National 52ii of Rivle Peter Riordon Spanish s6 s6i s7i 87h steel of War 99 Atlantic Larch Bel 4s Brompton Canada 68vi Canada 6su 109 car consolidated 2sri Detroit Dominion Dominion Lake of tiie 190 92i 93 93i 9stj Spanish 129 Montreal National 52vi Ogilvie Peter Quebec 2su 28 v Lordon 134 185 s4i Lawrence 112vi 87v s7t4 steel of Soj 76 76v 77 War 99 9sts Atlantic Dominion mortgage association holds annual conference in Toronto March following officers were elected at the concluding session of a three Days annual meet ing of the Dominion mortgage Ancl in vestments association at the Canada life building in Toronto pres Hume Huron and Erie mortgage London Canada life Assurance com Toronto to Ronto general trusts to Ronto Royal Trust Montreal 1st vice William credit fonder 2nd manufactures life insurance Lonoff addressed the meeting on adjustment of financial difficulties of Winter and Gundy leading in tie discussion which spoke on Moratorio in Canada in place of Tho is Givins and s representing Saskatchewan Anil British Columbia were the chief speakers in the mayor Brown Active is addressing meetings in Saskatchewan on immigration and colonization March no confident that within sixty Days the West Ern Canada colonization association till be a thorough and Complete or composed of units in the four Western was the state ment recently made Here by mayor m of Medicine chairman of the Alberta Branch of the association already Manitoba is in fixing the Sterlin around for 39 the Purchase of Western provincial guaranteed Bonds payable in London in Sterling offers exceedingly attractive profit possibilities with assured safety of owing to present rates of Exchange these Bonds can now be bought at very Low their value will in crease with the Advance in the Exchange value of the Pound we own and offer subject to prior Sale or Price change province of Alberta 5 due 1959 guaranteeing Alberta great Waterways both principal and interest payable in Sterling in London at fixed rate of 23 to the and yielding 7 Only Edward Brown Bond dealers 296 Garry Street Winnipeg we buy and sell Bonds for our own and any state ments made with reference to Bonds sold while not Are our based on information we regard As being data we act upon in Purchase and valuation of new yom stocks can car f linseed Loco smelters steel f 1 t woo Lona anacin ii by Xci March Mil 98 08 63 98 41 i 4sli 84 85 46 141 i 22 i 83 98 6osi 67 i 46a 84 138i 22 i 8014 33 45 4 7 Baldwin 117 steel b 89 t 14 Putte Superior 26 petrol 551i 123 Central leather o is p 40 Chicago Chicano i Kwa Fly lilo Copner 34 fuel i 40vi Corn 87 i Crucible steel 229h 833 Cuba Cane sugar 46 distillers 60 151i motors o7 Goodrich 7014 pfc 3 99 vib 138 6014 86a 12j 33 62a 15 27 w 36a 127 36 5914 41 91 i 35 40 42 83 45a 140 22 i 8214 100 64 45 i 45 v4 129 131 i s0 99 12414 126 84li 85 317 5611 91 offer North Star Oil refining company limited Manitoba incorporated under Dominion act Zidie 21 alcohol Copper Marine k Copper in we steel 83 34 31 18 29 73 Lehigh Val 4614 petrol18o Midvale steel47 Pacific National Lead Central new Haven Penn press a steel steel apr metall stores slops Shef Southern Pac Southern by Stutie Baker Copper Texas co 91 Lisi 74 x 47 i Joy a 14 26 35i 123 84 58 39 88 33 33 40 87 h 45 63 15 Solovi 70 i 38 53 i 18 f 73 27 36 125 i 85 u Ssali 40 i 89 i 39 35 40vi 67 i 314 73 h 31 i 851 5614 36 i 90 17 Soh if 1 cumulative preference value quarterly dividends on the preferred Issue payable first Day of july and at Par at any of the Dominion Bank of dividends upon the preferred Issue accrue from april this cumulative preferred Stock is preferred both As to assets and and at Tho option of the company is callable in whole or in part at 115 per cent and accumulated no Bonds Mav be issued nor mortgage nor Lien on the fixed assets except by the consent of tiie holders of 75 per Are of Tho preferred 189 184a 187 e914 81 75i 3514 80 97 u 98 99j 92 48 31 82 As 99 96 75 101 95 10 195 47 75 80 97 93 92 73u 99 i 47 2914 82 registrar and Transfer agent Toronto general trusts Toronto 43 93 9fl 84 95 h 7ja 92 185 capitalization preferred Stock common Stock to Bonds the following information is summarized from a letter from president of the company the Continental Oil the the Middle of the Are estimated to genital la if business and assets of which have been acquired by tie rate of to annual or in 5 North Star Oil and refining a Canadian the dividend upon the preferred Stock has been in successful operation in the Prairie other earnings Are m provinces for the past eleven Are expected materially the company has no Bond Issue or other funded indebtedness outstanding nor any floating debt other tha accounts Ivellys Stela to noon total sales Bond Clark i new March prices of i the Day were quoted at the close As Fol own closing sus due 19sz47 v 45 due 193247 to 2nd 4rs duo 192742 1 Iberti 1st due 193247 Liberty 2nd is due 192742 t in Firth 3rd s our t Ibert 4th duo due 3 92223 rncgtorfrenchd5s Canadian of Lowyns the asked prices for Bonds at Tho close of the Market today 95 9di 98 so 100 commercial Ciuman Titiwa in earnings after the completion of a refinery for tie at Winn production of refined gasoline and lubricating Wintion to manufacture Tomima crude which refinery is expected to begin operations about other Petroleum products for the Western Trade should be accompanied with Cheque for full will be received Only m understanding that the right is reserved by us to allot a portion or none of the amount inny i f in the event of a partial the and if none be allotted the full amount Forward lir returned to the interim certificates will be issued pending engraving of definitive it is intended that application be made to list these issues on the Toronto Afon Rupil a Stock font read and it in apes Price per carrying a Bonus of 40 in common War 5s due War of due 1933 War due 1937 Victo Vic Vic 5is due Sis due 1524 svs due 1s4 is work Money on Culi Doc and Premium on new York funds 98 s3 s5 i Hammond Nanton Winnipeg Osler Hammond Toronto ;