Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 21, 1920, Winnipeg, Manitoba 16 Manitoba Gree Send a Victory Bond As a Christmas gift dec Embke 21 1920 pressure Lowers closing prices shares were Down at the open ing in Wall Street and final quotations were weak new upon Tho filial fortnight of the the Stock today presented no material of tone from the very unsettled and reactionary trend of the past few British Bank the Genera Tenor of advices Over the t7fflkend in no Wise conducive to a resumption or operations for the Lone cables from London told of the suspension of Farrows Bank and foreign exc tango was especially to european Industrial and commercial conditions continued to be clouded by a aurthor falling Oft of tonnage at Lead Long the length of a railway terminals and dividend Auspex the monetary times Are Jlonus and More cutting of Naje schedules limes Are t service win be rendered to meet the needs of the adjacent it is the Banks desire to cooperate with those who in prosperous times As Well As during the lean have recognized the advantage of saving regularly a definite no matter How from their habits of Thrift Are most easily formed in the and parents can take advantage of the opening of this Buill ing to Start their children with a Christmas present of a pass along the Road to More group insurance the textile were lower in a majority of in stances at the Active opening of the Stock recessions making irregular pro Trees before variable rallies during the intermediate session failed to speculative issues succumbing to increased pressure at the heavy broke 11 4 net losses of 1 to 4 Points were made a Shippings and such specialities a International paper and famous but Houston Oil was the most conspicuous break ing Points on continuous sales of All stocks amounted to inflow of another heavy inflow of Gold from Lon Atit was but the movement had Little effect on remittances of Sterling which rallied Only Call Money ruled at 7 per All but time Money chased increasing heavy Selling of Liberty especially the third and fourth featured the Bond the Offerl Nga Belk attributed to enforced Par aggregated Sid Bonds unchanged on has firm spots paper issues were weak but some strength appeared in paper gave a somewhat reactionary appearance to a Market which had a Mim or of Strong spots on the Canadian exchanges steamships had a Bud stunt Al recovery from the weak Ness of a following tile into motion that Tho steel merger not be put through in its original steamships As High As 4pa in the Norn til close at 39 Respre snned a not gain of 2a steamships preferred made a gain of at Tho close at brazilian was Market Leader with a turnover of 614 it Rose to at Tho opening and the close at 29 Ifft a net gain of another Active Stock which advanced was Dominion steel which sold up one Point to Canadian locomotive also Marlc a recovery of 4 no lots to in the paper group Spanish River Al most stood alone in Saint no halt the most Active of the papers on the local was off Victory Bonds were but with exceedingly slight pour of the doted without two advanced a while the 1927 closed Hudson Bay May buy the business of and Nesbitt Bay com of airy according to a nil vat Caole met in Londo Buling the week end und discussed a plan to acquire the Busl Goodwill and of now in if car through this will mean a great expansion of the Bay Whlon to the present has traded exclusive la in furs trapped on it own it has sold these furs in London and of cause it was concerned Only with its in merchandise the company has been granted Tho Courtesy of conduct lne its of sales of the regular London fur opens new office Bank of Commerce Hes Fine premises for Branch in Elmwood the new premises of the Kelvin Branch of the Cana Dian Bank of Commerce were opened for business keeping Pace with fihe growth of the Tho has twelve branches in the new founding stands at the Corner of Kelvin Street duh Hespeler where the business and residential portions of this part of Eim Wood the exterior is similar to that of the Banks Stalford and Grosvenor recently opened in Crescent the Walls Are faced with red Riiff the roof being covered with red Spanish the Interior is tight and the arrangement of the parallel to Hespeler being suited to Bank now ably Eric provide the Best of service to Custo mers without at this As at the eleven other Chy a full banking Eastern financial paper makes a contract for All its employees the monetary times company of Toronto Jias joined the number of those concerns in Canada which have gone in for group insurance for their by arrangement entered into with the Canada life All the employees of the company Are provides with Protection forums ranging from goo up to depending length of All those with monetary times Are included in the both those of the mechanical department and office the Western manager of the George recently returned from an extended trip through the during which he contributed series of articles dealing with Western conditions which he reported As very fair with Good All things for the year fur men meet shareholders of Canadian auction sales Gat no dividend shareholders of Tho Canadian fur auction sales held their first annual meeting in Montreal the report covering the initial years act Altita was the result of the twelve months opera was adversely affected by the changes in the fur Trade during the but an Early improvement was looked no action was taken on the preferred Tho directors having come to the decision to await clarification of the situation before announcing the quarterly payment of 1 there was a Good representation of shareholders at the during which was discussed the conditions prevailing in the fur the opinion was expressed that prices would gradually be the fur business is essentially a can Adian one while it has been subjected to depressing is Cap Able of Bein developed along Prosper Ous Tho company held a Success Ful auction Sale in March of this the steel Merder despatches from and Toronto refer frequently to the big Canadian steel and shipping merger into which the Dominion steel com the Nova Scotia steel the Canada and other concerns were to the prevailing belief in the East appears to be that the Deal is and that it cannot be Winnipeg people take for the most part the opposite and think that the promoters of the plan will one reason Given in the West for the opinion that the merger will be consummated is that such an arrangement on the ground of econ omy of As has been frequently pointed out in these columns the two steel companies hold properties which so impinge on each other that no court can Ever determine where one ends and the other it would appear to be a question of Friendly amalgamation or interminable litigation the inclusion of the steamships if it can be is accordance with the Steps which i have been taken in other parts of the world in connection with the develop ment of Large corporations which have rendered important Public ser with reference to control in the in Teres Tsvor the the consensus of opinion in other countries which have faced the same problem is that it is not More difficult to control one Large successful corporation than it is to control a number of less successful Montreal wholesaler t 4 Winnipeg stocks West inn 91 n the 82 29 Star on or 1931 1923 1927 3 933 1937 1934 350 91a 93 96 96a 92 80 375 600 96 961 95 97 92v 96h 300 at ski at 96 9s Johnf Tuk Tox who has been elected the president of the wholesale merchandise brokers association in the Eastern this organization is closely related to the Montreal Board of of which it is a depart Turton is a and will make the trip to Scotland representative of the o the Thistle Curling club of break in prices and hold another in officers and directors were reelected without change As follows lome president Man aging director cum sir Herbert Mccon Holman arid leave for Rice Lake Winnipeg people will inspect the properties at Pendennis claims of the Manitoba Fin Ance is deeply interested in properties the Rice Lake mining left the City last night for the Perrin is one of the directors of the Gold and is in charge of the work on that he is also interested in the Pendennis and his present journey is made to inspect the work done on this claim in the past six accompanying Perrin Are of the provincial uni and the latter has been in charge of the work in the Pendennis during the summer and and arrived from the North on was most optimistic with reference to the prospects for the Pendennis and related the travellers will go to Riverton and Cross the Lake to bad Throat from which Point they proceed Over to the Mineral Zed making use of the Road Cut out by the local government last the natural Way to of in at this season of the year is through fort Alexander on the East Side of the but owing to the mild weather the Road on the East Side cannot be easily Delury will bring out samples the Pendennis property which will be Analysed to determine so far possible the value of the the Goodyear trouble a receiver was asked for at the close of forthe great Good year tire company of application was made by Frank Menett who was formerly actor Ney general for the the presi Dent of the declares that the company is solvent what John Wanamaker has to say about reductions the reduction retail a number of articles in the past Days in the City has caused in a Large department store Winter boots were shown yesterday quotation below the prewar figure for similar december Issue of the credit just prints a list of reductions made by Wanamaker on Staple Silks John since july of this the reduction was intended to be one of thirty three per but in some cases was More and in some cases proc a now and last july Here Are the prices of As offered toy John with Price comparisons july today Bladuc Satin Navy Satin Soo Chow White japanese a Foutain tub Satin la Jerz tub silk Broadcloth Jasper Rajah Shantung Pongee coloured satins Satin Messaline coloured taffeta Black taffeta coloured Gros de Londre the Richer Man Ann who i Richer than Man who All he Money in Bank u your but Aminat the Dominion Bank crepe de Chine Satin brocade 760 coloured Satin meteor coloured Trico Letb coloured coloured due Eton 1060 sports 750 4 85 printed Silks throws Light on foreign Exchange local fur dealer discusses problem of interest to All exporters in a letter to the financial editor o the free Loci fur makes interesting com rent on foreign thrown True nature of the Situa m 1937 at 400 a ii Mcdougall and close Asbestos 80 sugar 20 30 49 49 4 car 20 80 20 a 30 49 20 20 Portage Branch Arlington us so Wood Etmon Stock Yards Ledys and re Hood ii e Union Stock Boniface main and ave Ali Etcitt general Trade exports and imports both away in november the Trade of the United states diminished to a considerable extent in the month of november for which some figures became available yes the position of the country encourages imports and discourages sex new York funds betas at Premium in most the total exports of the unite states for the month amounted t this is a decrease o More than from the october total or ten per the total imports of the countr less by the figure for october were and of november shipments from the United state to Europe Are rendered difficult Owin to the extraordinary condition of sex while importations Are Facin it is now proposed to impose Hie he duties on shipments of foodstuffs from Canada which May diminish imports if the proposal goes through Congress it is to be doubted the proposals will go through since Strone opposition is liable to develop if they go the effect on the prices of Canadian Srain Are not Apt to be in the opinion of Loca Grain Royal Bank reports increased earnings merchants wholesalers manufacturers wishing a convenient insurance Register in which to list their policies or convenient pocket in which to file them May obtain same without obligation of any upon application the Canadian fire insurance Winnipeg a fiends everywhere in its savings Deport to Tal is a feature of the annual Cal statement of the Royal a issued the ask reports having had a record and placed at current Loans in Canada creased to also Banks Loquia assets of s279 Are equal to Over 60 Ner of liabilities to the ent Cash on hand and per of Public making the various for dividends and a s action of to a balance expects but Tail the trustee of Ltd f 822 main de la managing we administer properties of ask us about the new French q our Allied in led state Dollar Dominion note circulation Noto according to the Decem Ber statement k available today amounts to it is covered by Gold to the extent of and by deposits of approved Securi sea to the further extent of m 689 not a matter of Trade in the Foree Ingr connection on Point should be made Given country whose currency is actually o a Gold and redeemable in Kol on and our exports to tha country greater than our import the Canadian Dollar be at a discount in that country an the discount would be a governed Large in by the convertibility of our of currency into failure to deflate our inability to deflate As fast a our neighbors to the South is the Mam reason for Exchange Goin against us at the present an we must Bear in mind that the de Cline is going on while we Are Export Ingouf farm products to the True Rule outside of certain modifications the following May be accepted As Ruie relative value of any two currencies depend on the Quantity o goods a Given amount of Money in each country the ratio Nof Exchange is Normal determinedly the ratio of their sen Era Price commodity prices that we have been backward in Thi movement of deflation is shown conspicuously when we look at the de line in general commodity prices in the United states and compare them with out own meagre1 Thilow Progress we Are making Ower Levels is certainly going to be o our disadvantage later on when Trade the cuts made by american manufacturers will give hem an enormous pull in the worlds and As our with the possible exception of Are Simi it is time we should where this period of deflation and lower prices is leading and their bearing on the plunge has been Thos who take the header first will reach the other Side the widening Gap Between the value of the Canadian and United states Dollar is the degree of inflation of our own currency necessary to restore the Gold cannot Export the punishment for our inability or Lack of to deflate quickly will be comparatively higher higher costs of production More inflation to meet charges on and an almost Complete falling off of our Export Trade in manufactured now is the time for canadians to face the facts in respect to Tho Exchange and now is the time to changes were slight gains and losses were nearly balanced in Montreal slight improve ment shown in the local Stock Market saturday was a Little accentuated there being More net gains at the close of trading than were shown on saturday and in fact net losses Only exceeded net gains no particularly definite movement was in stocks of the same As Well As of different of groups moving in opposite directions to the Spanish Abi Tibi and Lordan comprised the stronger stocks and Way Adamack and Lauren tide he of Spanish River preferred changed a Point at but was offered at the close at 871i with 87 bid he common gained a traction Riordon moved up 2 Points and Abi Tibi a Way Adamack Loet later entire 2 and Brompton a some steadiness was shown in the Tulli Power and Detroit were Shawinigan was up a fraction and the weaker issues confined their losses to a the steels were Dominion being us a fraction at 42vi Ontario being unchanged at 58 and steel of Canada eng off a weaker feature last rallied 21i Points to making a Maxi Advance to 41 earlier in the the preferred held Bonds were less Active than usual and he trend while showed a slight total comes to Royal Bank who was the accountant in the office of the Royal Dank in has arrived Here and has Tafeen Over a position in the the supervisor of Western Murray was with the traders Bank previous to the amalgamation and spent several years with the Royal in the Saskatchewan he enlisted in the army in and was in the military service for our cur steam steam Cement Cement Lan convert bold fee Glass Detroit steel textile Smith Lauren tide pc mans 84 37 61v4 92 74 56 95 6 45 41 62 s8 52 92 74 87 45 84 37 61 tax 52 92 74 55 93 42 96 is 85 43 5i Quebec 94 08 20 in Idun 135 it flour 62 shawl Alcan 100 smelters Spanish Spanish steel of can Toronto rails Way Adamac War 1931 Victory 1922 3923 merchants Royal Montreal Commerce Mol sons 81 86 57 53 84 96 97 97 954 h 20 138 63 101 89 59 53 84 92 h 91 94v4 97 a 96 97 h 97 95 a s3 20 135 62 100 16 to 86 56 62 84 92 90 97 a 97 95 20 52 74 20 a 29 47 32 841 62 s1h 88 v 52 92 74 55 93 42 95 101 85 44 190 98 33 20 137 62 101 16 87 57 52 84 v4 92 91 94u 97 v4 97 h 97 95 i 162 162 162 193 193 193 193 v 194 194 194 194 184 184 184 184 169 16954 169 Montreal Mcdougall 20 at 415 at 35 at 50 at 75 at 2o at Atlantic at 3 at 195 at 65 at Brompton paper 190 at 100 Al at at at 25 at 50 at 55at 75 at 25 at car foundry at 84 at at 50 at 100 at 4245 a 10 at Macdonald 40 at Spanish River 175 at 140 at Montreal Power 173 at 6 17s at 45 i t Illinois 15 at Price 5 at 250 Quebec railway 335 at 20 Lordon 152 at 25 at 75 at 25 at 5 at St Lawrence flour 10 at 160 at 140 at at Spanish 85 at 55 at 25 at 30 at 115 at 170 at 130 at 190 at 5 at 110 at 81k 35 at 10 at steal of 100 at 115 at s6 75 at 56 2f at 25 steel of Way Agama 5 at 130 at 25 at at 10 at 75 at 2 at 162 13 i 29 at 10 at 184 1 at 125 at 25 at Atlantic at at i Brompton at 23 a 48 i 45 at 5 at so at 47 us Cement at at 10 at St 40 10 at s9i 100 at 39h 50 car at at 16 5 at 16h 10 at Detroit at Dominion at 5614 50 at 55 Dominion at Dominion at 98 Dominion at Lauren at 86 28 at at Spanish River at 89 3 at 83 Montreal at National at Iso at 20 at 32s at Peter at Quebec at Riordon at Lawrence at at Spanish at 8ia 25 at steel of at 57vi 1 at 59 at Toronto at 53 5 at 62 at War at War at War at at at at at new Yor stocks 20 Copper stocks smelters 39 h Superior 8 Anaconda 35 Erre de Pasco 2614 Callahan set Nuspl ration 2914 Cenne Cott 16 Tah Cooper 47 to Railroad stocks Tchison o 31 Pacific 112 Centra 69 o pad a conc pacify Al inn Ere 16 75vi 3914 15 8114 24 96 20 new fire company the employers liability Assurance of has Intro Ducoff one of its subsidiary com Nies into Canada for the transaction fire thesis the merchants Marife insurance roof founded and therefore new in its fiftieth the company has assets of about and a Premium income last ear of about it is therefore Large and financially Strong concern n addition it will have the guarantee Chind it of the put Raul owner Corn the employers liability Corpora t these companies Are now represented in by John who la the westers to Ock Island Southern Pac Southern by Paul exas Pac Union Pacific 114 114 113 Blu moment blocks car i1 78 85 39i 55 z6vt 2914 17 7954 31 112h 69 72 17 16i 75i 3914 15 82 25 25 1714 38 i 8 s2 26 h set 28 1614 47 a is 111li 68 71 16 16 inv 8014 24 19jv 24 j6v4 38w 32 26 28 i 31 63 5zvt 7lji 16 g 7434 24 1614 Baldwin Loco Haskeil Barker pressed steel re steel apr motor Bosch Magneto Chandler motors Pierce Arrow Studebaker White motor Willys motor Oil invincible Oil petrol Middle states Pierce pan Amer Royal dutch Sinclair Texas co Suel Bethlehem b 77 78 54h 13 19 13 40 svs 2114 22 12 23 10h 55 23 i 78 s6vt 73 04 54 i 69 19 40 5h 7714 54 77 77 53 12 12 39 17 i 77 77 53 68 18 1ta 28 10 74 i 23 h 6 2iv4 21h 55vi 27 54 32 Crucible 81 29 47 rep Ana 5814 Repi Ottlo 69 Sosa Vanadium 37 steel 781 and 25 Midvale 30vv rubber Fluke Hubber Goodrich Kelly 33 rubber sugar beet 36 cuban Cana 17 Punta Alee re 41 tobacco 67 68 tobacco Clair 54 stores 51 61 miscellaneous 103 104 Aills chimera 28vi 29 34 35 linseed 50 Union Bap 66 can coca cola leather 35vi 63va textile i8v4 Johnson players 43 79 v4 80 i 28 47 Vij 47a 57 69 69 69 35 37 79 Sou 10a 32 pc 33 7 6114 37 18v 44 84 78 i 25 25 39 30v 10 i 3014 30 Vij 33 6 6 60 danish Crown swedish austrian German Spanish Holland Guilder Montreal 35 16 a 35 a 50 23 20 83 67 v4 68 110 53 53 1j it 43 63 12 46 11 26 Szot 17 g1h 102 28 i 32 3 48 22 20 10a 33 63 a 52 40 118 94 47 25 a 32 26 40 60 u 103 i 28 a 32 48 66 20 33 64 18v4 52 40a 118 94 60 12 43 a 11 a 47 25 32 38 4014 60 into alcohol 3 12 paper 46 1191 48 Oro 25vs pure of 32 Shell food 17 38 Westinghouse Woolen 61 total Salto 7 per foreign the to jolted states Dollar was for Sale at the Banks at a Premium of the British for Sale at the Banks for Normal Price without Bank the Money of the countries of Continental Europe was for Sale at tha follow los prices in Canadian cents Days French franc belgian franc7 go Swiss italian lira 4 12 Creek drachma norwegian Crown a sported to Hammond Commerce 134 Dominion egg Hamilton 1z 176 Imperial 133 merchants Ign i94vt Nova Scotia 253 Royal Fig Toronto 170 Union 1zh 14j units Ted members Toronto Stock Exchange and Montreal Stock 106 Bay furnished the follow los approximate quotations ask Alt lbs 6s 88 50 Grain i Ashdown is 86 so British Assurance 9 00 Isoo 1st 6s 20 00 6s 75 of Westinghouse 1o1 00 Cockshutt 7 5x00 Crown Llie insurance 75 00 6s 95 00 Iron a steel 5a 1939 Dunlop 89 00 famous 8 pad gunns Home Bank 66 London loan a savings 8500 Plassey Harris 90 00 mexican is a sol Golf National life Fin inn Page 8500 Hollert 75oo Canada 68 of Sterling 19on Toronto 5b shoo United Cigar con 40 Vestern Assurance no Balen Tion has Ever m manifested in All Faerie Fig Prout spoke on the Rural the or e term Money in larger purposes of food proud the member for Thi spoke on the subject arid Tho changes proposed in the my Taw St Quarter 13 to 14 Iron Toliso 26 00 70 of 107flo 10000 7ooo 92 St goo b7d tin Atli to Lead steady spot 4500 Zinc East spot to to at London t v tin spot 15s Tutu i23 63 future 126 closing prices 77 so 73 in 91 of Speaks at Elm Creek George Prout returned to the Ity yesterday from Elm where in addressed the annual meeting of he District Grain growers Assoc a the meeting in Elm Creek was largely and was said to Lave been the Best that the Organiza Only in buying Days Christmas i corporation i m i t b o Winni Pio Branch m Hillou k Haw Strang Sno 428 main w1nni pay Cash for and offer Assiniboia Bonds at a Price to yield purchaser can choose term of vestment from 2 to 20 omit Ami Quality Price in the gift of a ill list safety the Royal Bank of the annual Meeb the shareholders of the will be at the head St James in the City of on the uti at 11 to shoes december off mexican pct pan american or off Studebaker general motors in h rubber off i readln80v Southern Pacific Oft 1 ducts unchanged Aai Conda off retail Slu company 41 on pevman9 noon teak met after the i was stated the company had a record the report of tha was the fifteenth annual statement assets of the company no exec million Gross prone Biu previous year exceeded two million fell approximately 500 lots in Joni naught Square am Lin Pality of being the Baus the Survey not sold to privates were offered under sate yesterday by h map Smith offers were for income and profit 4 we advise the Chase now of Canadian and corporations Bonds and interest securities 4 they resale invert at prices they yield High bought they should show substantial write us and we will give v Faga Vor con the emf View me the this hav bet Uia t Trot ing the the jux men hundreds of men link the name Kidacki with the word shoes no one can judge the Quality of shoes by simply looking at experience and reputation of the makers must be the the shoe was made Over a Hundred years this coupled with Dacks unquestioned reputation for making the and Only the is Assurance that the Quality is nothing is allowed to interfere with this policy for the Sake of larger production or to make a lower yet backs shoes Are not High priced we show herewith the Tuxedo the areas seasons greatest the dancer likes it be cause it laces securely on the in Patent learn to with thin and priced right at a pair make an Ideal Christmas gift i Xmas gift suggestions socks slippers spats pumps makers of mens shoes for Over 100 years 73 Toronto the real property the assessment act land titles District of whip Ernest Miller of the Pally of n the pro Row manager Harston Tibel has applied to be registered under the above act of the scribed at the foot an Trio registrar has directed the application to be served on yet applicant claims title to said land Tua of a Sale of the land for taif a the Rural municipality of a Lull you Are hereby required tilt that unless you redeem said land the provisions of the assess Man or file a caveat or take other Ings to Stop the Issue of a Cert we title to the applicant within ate from the service of this a certificate of title in the or to whom and you will thereafter m Ever stopped and debarred Ting up any claim or in said at the titles sow Winnipeg thin fourteenth Day one thousand nine Hunora land referred to in the province of Manitoba and lot fort seven in Block lot is shown on a plan of Bujaj part of let one Hundred Ana the Parish of in the Winnipeg land titles to Richard of the in real of the in Man i to Henry Baer of Roderick Murray Monteith sgd Seal Deputy tenders for Bride tenders win be Ders lined up to 12 Oclock Ber 28th for construction o Structure and Timber to Roach the removal and reelection of steel Span Highway Sll borne and talked from the or Good roads parliament each hid must be Coom Cheque for Alvs 5 por cent of of tha the lowest or any bid not net 8 r ;