Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 27, 1920, Winnipeg, Manitoba Is Manitoba free August Money and business High Money rates checked trading general business Outlook did not encourage speculative buying in Wall Street yesterday Clark and Martin new course o today Stock Market was again vis Bly influenced by Money tendencies and other development which tended to confirm persistent reports affecting the status of Severa important branches of impending withdrawal of Somi from the Federal Reserve Hank for government Bond Deposit left the Market Bare of time Money Call after opening at the re pent fixed rate of 7 per Rose to nine per just before the rumours that the Federal Reserve contemplates Early downward revision of interest and discount rates seemed to have Little heels save in the minds of speculative interests committed to the Long the Day was not without its constructive or helpful foreign excepting the rate to Buenos Aires making further recovery from its recent depression while Railroad including Many secondary or reorganized issues were again in process of acc Mula inauguration of the new tariffs doubtless accounted in the main for the further a absorption of transportation hut the larger earnings which naturally Are expected to accompany the movement or crops and heavy Coal exports were not ignored in the calculations of Reading was the strongest of the closing at a gain of 2 Southern Pacific leading the trans Continentals at an Advance of almost two steels and oils constituted the firm to Strong but ship pings and miscellaneous specialities sales amounted to Railroad Bonds reflected the strength of Kindred conver Tible issues of the Western and South Ern groups gaining 1 to 3 lib erty and Victory were distinctly total Par aggregated old Bonds unchanged on Hudson Bay annual at sir Robert Kindersley presides annual meeting in London sir Robert who made a tour of Western Canada this presided Recei itly at the annual of the shareholders of the Hudson Bay company in this gathering is officially described As the general court of the governor and company of adventurers of England trading into Hudson sir Robert spoke of the drop in the Price of furs and said that this had the effect of eliminating a great of undesirable Competition from unscrupulous the Large competitors of the company had the great advantage that they paid Only Canadian while the Hudson Jay company paid both Canadian and British it on the other the advantage of Long association with and fair treatment of the Canadian but for this great asset he had no Hestia Tion in saying that the company Musi have been overwhelmed during the last few the land sales of the company in the year had declined by acres and by in the town lot sales had increased in value with reference to the Sale of he said that in Edmonton the company had commenced on the policy of building and this was the Only Way in which the com Pany would get value Oyt of these regarding the he said the Outlook for the coming year was satisfactory and made a statement with reference to construction in the Tow Sites of the company were valued for assessment Pur he and there was duo on land sales bearing 7 per interest until with reference to the matter of the interesting statement was made that the control the corporation might be and some of the departments made purely Canadian the total disbursements of the company for taxes in the past including were North Star Active Issue of local refining company is higher in Toronto stronger in was noted by brokers on the Toronto Exchange and there was a slight increase in the column of particularly in listed North Star had another and decided flurry advancing fifty cents to with transactions 000 an cared to be a continuation of the fresh interest in this shown earlier in the Imperial Oil sold on die curb at scattered trading took place in tie paper with Little of importance Home new interest was shown in pressed which sold tip to gain of ten Point in a few news on the company recent affairs was to the effect tha the new labor saving invention of the making of bushings was Workin out a decided weakness was evident i Atlantic sugar the decline being 3v4 Points to Bank of Nova Scotia had unusually heavy trading with a turnover o and an Advance of there was some weakness in 193 War said to be due to the of ferns or a fairly Large Block of Bonds lost three Points Alan tic sugar was Down on talk of Price fixing trend o the local Stock Market today was again irregular with net losses at the close of trading Over double the be the outstanding feature was the Selling of Atlantic sugar due prob ably to talk of drastic sugar prices fixing by the Board of Commerce the common lost 3points in dosing at outside this the most important changes were the Selling up of Asbestos by 4 Points to 83 Ana me Selling Down of Dominion Coal preferred by 4 Points to the stocks continued each los Ivr a Point at 115 for the common and 124 for the the steel stocks were inclined with Dominion the that Issue lost half a at Canadian Cottons was the Only Active representative of that group the Stock Selling up a Point at weaker issues took in Royal Down 3 Points at 204 and steamships and merchants each 1 Point total Imperial Oil High new from Wester Canada stimulates buying to Cir comment on the Market say the recent Advance in Imperial Oil from 0110 Hundred and Ion to one Hundred and eighteen has during the last four Days attracted considerable most of the buying came from new York and was accompanied by rumours that Oil had been on some of the company Western these Lack confirmation up to the present the trying in new York was done by brokers generally supposed to be closely associated with Standard Oil unlisted securities Paulson members Mont real Stock Exchange and Toronto Stock 10s Bay furnished tha quotations bid ask j Ames Holden welding Paul Brand ram Wollens Cockshutt Coll Locwood ship is cuban foundries Dunlop Goodyear Harols Home Bank 1 Imperial tobacco Plassey Harris mexican Northern new Stock Robert Sterling Toronto Power 5s 1924 United Clear stores 55 Western Assurance Western Canada Whalen loan 0 Home and to 50 paid nor 115 i20 Standard trusts Union Bank of Canada 15 Winnipeg Hall 30 unlisted to Crescent Creamery Home Bank of Canada 10 traders so so Western grocers 3 North Star Oil 350 Macdonald common 33 War 1925 93 1931 91 1937 saw 96 Victory Loans Tyzz is 23 i i 9i 27 9814 99v4 is33 s84 1u37 100 101 s7 Victory at 99 14 it 101 200 at 99ft at is at Point real stocks Macdonald 32 Ames Holden 68 6314 46 95 60 so Asbestos 73 94 sugar 143 Bell 102 Brompton Canada car car steam Cement Cement Bridge Glass Detroit steel textile Lauren tide Ogle Vic Penman Lyall Quebec Iti ordon Power smelters Pii Nish steel of 32 32 32 68 67 6714 ass 95 143 39 69 it 79 h i 102 38 4 69 c7ts 68 s5 60 so 85 103 103 00 i co 65 103 Tina 13s i 11614 116 05 65 j4v4 250 250 133 133 53 20 23 1s8 103 103 250 133 59 29 so 94 141 3s 69 50 68 78 60 65 103 60 k 138 116 6 4 250 133 53 War 1925 198 198 198 109 109 109 109 us a left 115 125 125 1z4 of 69 s9v4 50 50 50 50 121 1244 124 124 93 h 93 93 v4 91 91 s114 95 i 9514 95 Vij Nova Scotia 247v1 248 154 154 Molens 181 181 Royal 206 205 Montreal 136 196 merchants 177 177 1811 205 19s 177 248 154 181 20u 196 177 10 Jet at 102 Bank cd takings the following Are the Bank clean is for the principal cities of the Dominion Canada Lor week ending yesterday 1920 1919 Toronto Winnipeg Vancouver Ottawa Calgary Hamilton Quebec Halifax London 2 Regina John Victoria Xic Torla Windsor Saskatoon Moose jaw Brantford Sherbrooke Kitchener Peterboro Brandon Moncton Lethbridge Medicine hat Westminster Rince Albert s07 Metais new nominal electrolytic spot and third tin spot and nearby steady and spot East Louis delivery to at spot 17s 6d 15s 15s 17s 5sl by Mcdougall Atlantic 75 at 100 at 142 i 0 at Brazil 10at 50 at Brompton paper 75 at Cement 25 at Cement 6 at Aslim tos 1 at Asbestos seat 10 at am Sholden 20 3 at 67 steamships 100 Bell 20 steel 25 at Lauren tide 30 at 20 at Spanish River 19 at 10 at 25 at Montreal Power 26 at 81 15 at 100 at steel 60 at Penman 20 at Lordon paper 3 at Shawinigan 4 at Spanish Kier 25 at 116 30 it 10 at 116 steel of 26 at via Dagamac 25 at Banks 3 at 154 2 at 181 3 at 196 6 at 205 so at 177 3 at 40 at the Best Many years ago a Winnipeg Resi Dent made a Large he consulted a banker with reference to the Purchase and received the in formation that the Security was satisfactory and that the interest would be regularly the Only objection to the investment was that the Market for the fronds was very narrow and that lacked the desirable feature of ready before he died this Winnipeg Citi zen said that the fact that these Bonds were not Saleable proved to be a Good on several Occa Sions in his life he would have Dis posed of if he could Hare found a in which Case the funds would have been at it was he did without this and at the end of his life this invest ment was his sole and the Only estate head to leave his the moral is that the fact that a Bond is not readily convertible into is not necessarily disa Dvan in the Case of the majority of Small investors a Bond whose sole in Point is that it is not quickly Saleable is a More desirable Pur Chase than one which can be treated very much As a Bank the flesh is and the average subjected to will part with the Security which he had hoped would prove part of a per manent if his will to save is sustained by the fact that it will prove quite difficult for him to he May resist the tempter and arrive at old age fortified to meet the financial exigencies of the Situ what is More pitiful than dependent old age Denmark rapidly removes traces of germanium in North Flesvig shaded portion indicates map of North Sere w5 Fonn Alv turned Over Denmark Lennant ago according to recent dispatches the Danes traces of germanium in this famous elec alcohol Nickel paper Marine Marino pad Ore pure Oil Shell transport food Worth Neton p Westinghouse Woolen 7014 70 20 79 76 51 79h 25 31 38ft 69 142 122 85 84 19 78 24a 76 38a 59 53a 80 Montreal reported by Mcdo Urall Ames Bell 102 Brompton Canada Canada s3 s3v4 83 Atlantic Detroit Dominion Dominion Spanish Montreal National Price Ogilvie Peter Quebec Lordon Spanish 116 Alfiel of War avar avar loll Mer Nova 24714 new York stocks total Bonds Money 47 24 31 59 60 4714 7914 Bond Clark new Bond prices of the Day were quoted at the close As follows Price 3hs due 4s due 193247 1st 4s due 193247 2nd due 192742 3rd due 1928 4th due 193336 3sa due 192223 due 192223 t 5s due 1920 Canadian War the following were 84 60 8480 95 40 99v4 the asked prices for Bonds at the close of the Market today Price War 5s due 1325 War 5sdue 19j2 5s due 1937 s due 1922 due 1927 s due 1937 s due 1923 s due 1933 s due 1924 s due 1934 5 new York Money on Call demand Sterling Premium on new York funds visitors leave new 2 Copper smelters 52 to 38 it 46v4 24 Sutfie Superior Aii Conda Cerre de stocks can fire co life Assance 26 co 125 225 f i i i 1 Clark Martin Stock Bond 1 2 3 securities bought and sold on preferred securities bought on partial payment 232 Portage Huron and Erie i i i i i inspiration Kennicott Utah Copper Atchison Ohio 39 11914 Central o do 72 Pacific 25 Pac Lilc Penn pfc re 23 Reading 91 Rock Island 35 Pacific 95 27 h Paul 34 Texas Pacific 35 Zoa 52 55 it 52 i 61 38 Vuk 46 2414 61 81 82 73 75 26 34 74 41 93 96 27 35 36 119 120 72 51 it 5814 25 33 73 41 23 90 35 95 27 34 25 74 9314 35 h 27 4 w4 National Trust and Bank representatives begin tour m of who is the manager or the Imperial Bank of has left City for a loner tour through the four Western the Imperial has about one Hundred offices in this Sec Tion of the and Moat of them will with Moffat Are of cathar Vic president of the and co of one of the the return visit to Winnipeg Mhz be made about the end of sir Joseph f Lave who is president of the National Bun who is general manager of the same have left the City for a similar the National Trust has offices in the Saskatoon and As Well As in Thea assistant manager accompanied the visitors on the trip West the party left Here by motor car for and will drive by motor As far As it seems the manager Here for National intended to make the trip but was unable to get away the City at the Gold output smaller Union Pac Lilc 120 11814 119 equipment stocks air Brake car f 134 Loco 94 97 94 96 Baldwin loco108 1o9 Kaskell Barker 68 69 95 95 84 86 38 754 47 3614 i Are you an executor Jour personal affairs and those of the estate receive the attention which they require if you might appoint the Irb Yal Trust company As your agent to administer the estate so that its affairs receive the necessary and you would be free to All your time to your the Royal Trust company fees for Suci work Are interviews and correspondence pressed steel steel apr motor Bosch Magneto Chandler Pierce Arrow Carburettor Studebaker motor motors Willys Oil invincible Oil petrol 162 Middle states 11 Pierce 13 pan american 87 Royal dutch 80 Sinclair trans cont 9 Texas co petrol 27 steel steel steel f Lac Kawanna Iron 95 87 21k 39 4714 6 16 94 21 37 7814 61 46 94 85 87 21 39 74 i 63 6 36 37 1591i 11 11 11 13 88 28 4714 Yukon Placer Sra Ion close in six Gold yield of the Placer Camps Camps in the Yukon Valley for 1920 Esti mated at six weeks More will wind up the As the Wilif Ter freeze up will begin superintendent j of Northern Commer Cajal com who has just completed i Miles visiting Interior Ali estimates that he Campa that Region will yield there has been a considerable i shrinkage in the output owing to at dry and the decrease in the purchasing Power of Carnegie millions to be spent entertaining society 46 87 81 ii 28 47ft 27 u 77 77 76 77 f is a 94 head office Montreal Winnipeg 436 main 6814 89 u 36 Shel Vanadium fuel Midvale rubber Fluke rubber 26 i Goodrich Kelly 17 rubber 85 sugar sugar 73 cuban Cane 35 Punta Alerre 74 sugar tobacco Sumatra 8614 Cigar 65 retail stores l 67 tobacco 65 miscellaneous Gulf i 137v4 Allis Chalmers 74 linseed 70 Union Bair Barrett co can 3411 coca cola 34 Columbia Central leather5414 Corn products 30v4 i Johnson 70 69 69 71h 36 3954 84 67 69 a 88 85a s8 71 Sou 35 38 39 56 79 18 86 73 35 74 26 55k 78 17 84 i 73 i 73 18 83 73 35h 73 113 11414 113 li4b 87 86 ssh 65 135 136 i4 64 69 66 87 111 64 u 74 7054 35 23 64 30h 70 73 69 34 34 23 54 s9 69 millions Are to be spent on lavish entertain ments in London society is the plan Andrew Carnegie Boswell who aspires to take a leading place in English High Andrews widow is Here seeking a fashionable town residence for her daughter and f who Are dissatisfied in remaining outside the limelight so West end House agents researching for quarters in Mayfair befitting the descendants of the steel their instructions Are if they do not find an appropriate residence they must build the most luxurious House in surpassing the Homes Duchess of Marlborough or Duchess of hitherto the Best of London the daughter plans directly opposite views to those of who avoided society like a plague and spent All his time at i Skibo scottish birth which contains Many memorials of the steel Kings is in fete this when his mrs received the Freedom of the negro killed by posse was shot and instantly killed a tier Here to a posse of Halifax county following charges that alien i had insulted two Small White girls i v aj50wlins Buffalo 69 85 i 134 34 s4 is54 chinese financier on visit to Winnipeg two sons and at make picturesque party Winnipeg has As visitors today Ohi Nafi and his two Kadoorie and and to Weir arrival at the Royal Alexandra last eve accompanied by three chinese and japanese garbed in the picturesque arid flowing garb of the far imparted for the moment an Oriental aspect to the Rotun Kadoorie and his sons Are on their Way to and in route East have visited speaking on conditions in Lawrence Kadoorie said that the Fin Ancial smash in Japan was More or less reflected in the Trade of China especially in the silk is Sines Shanghai was growing As a Commer Cial Centre of the chinese Republic and Britain had still a Large Shar of the the feeling of the Chi Nese against the japanese was hav ingots effect on business with big he on account of the Alliance Between the United King Dom and this was making an openings for the Al to owing to past experience and the Chi Nese would like to Trade with Tho in regard to the general financial condition of he expressed the opinion that the Only Hope of the situation was the allies to the assistance of the Republic and making substantial it is he if any other Way China will to placed on a sound financial at present help is Given by Small but that sys pm is of Little use to the develop ment of the country As a somebody has got to take the Situ Tion in hand and assist the Republic s a visitor from new South a Booster for that part of new Vales where to has lived for past 43 years since he left the rental Home at is who reached Winnipeg ast night and is located at the Royal his Homo is at in the heart of the Dairy no country of the Commonwealth under the Southern and he believes that the two largest butter factories in the world Are at Lis and at Byron the Point exportation for the products of he who is him Elf in the motor and Carriage Busi and will buy much needed sup lies in the Speaks highly of the value of the pastures f the Lismore territory propagated from Pas palum grass seed r confident it has no equal producing in the world if i years since lie was last in and his trip to the Home of castors now is to see his while in Winnipeg he will relatives he has debts exceed Monzis liabilities As shown by the attorney generals off Fca passed the Mark the total at Dreson on leave sence from the East today revisited places n the palmy Days of his career popular his tour connection with Tho Effort of w Seivers to round up what remally his property for the Benefit of Lre Are your Bonds in a place of safety Bonds arc usually payable to and Are therefore easily if a Bond is lost the owner must protect himself by various tedious and trouble some a bos in our Safe Deposit vault offers Security for these and valuable boxes five dollars and upward National Trust company limited capital re Serro 323 main Winn Pef Montreal Toronto Eda Saskatoon pulp for Oversea markets lacking Timber and water Are looking to Canada for their Wood new zealand and South America de Pend on British Columbia for their main British with vast Timber resources and splendid producing occupies a strategic position with regard to these immense upon this rests the future of the Western Canada pulp and paper a Pacific coast company numbering such competent technical men As Henning general superintendent of Whalen pulp and paper and other prominent business and financial men in its this company possesses enough Timber to last for 60 years at present rates of valuable water cheap water Power and fuel orders already booked will keep the Mills working for we Witt shortly offer the 7 first mortgage serial Gold of this company with a substantial common Stock the policy of the company is conservative but the Mol sons Bank incorporated 18w capital and Reserve Over 130 branches banking abroad exporters secure from us excellent service for their operations in Ernp or our correspondents in great fert Tai and on the continent Are As follows county Wei bin 3ter and parrs and Lel Star Banque in Winnipeg 367 main 377 Ine Effort to write us for full particulars at we urge address Deal p 428 main Winnipeg offer and recommend High Grade Bonds to yield seven percent City of Saskatoon maturity 1940 East Kildonan school maturity 1921 to 1938 Assiniboia municipality maturity 1921 to 1935 in denominations of investment Bankers u members Toronto Stock Exchange Bay Toronto s tenders tenders will be received up until in 7 for Treb erection of a Frame curl lip the Corner of Truro and Bruce Streetty for the Deer Lodge curl Lar plans and specifications be trained from Iso 11 the lowest or any tender not necos3 Early t 118 Douglas Park Road i j school District of Saint James j 7 notice sealed tenders marked tenders debentures will be received by undersigned up to 6 Oclock sep tember for the following debentures 20 year debentures a Earll interest at i for purchasing site oat erecting a school one Hundred Ana eighty thousand the highest or any tender not necessarily Sturgeon Creek school District of Saint James 7 notice com dance with us on shipboard on Blue Superior and vvater4an them travellers to the East will find late in August or Early in Seu most delightful on the great from Duluth or port Arthur to Sarnia and Detroit your local ticket agent to include in your ticket the Northern navigation water special Masquer Ade afternoon teas concerts Promen Aden Northern daily paper Lenued on shipboard social who All the Good moronic and leave tuesdays and fridays for full ask any railway ticket y Northern navigation company the James and Mullan schools will reopen on Ber i Samuel i l White Star montrea1u qczbbcijtebi091 it 2 from Portland from Hulff 4 11 White Star line new 4 celtic leu j mrs Hole Baltic d Atli late old Nipa b Adria Tooa Oij Mulc 38 Adriatic 9 american line Southampton i new York pm apply Hai cot i Tor full is Loa the sea on exp Shi of i 33 we 25 Delp ;