Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 29, 1922, Winnipeg, Manitoba 12 Manitoba free May Money and business budget does not affect stability general business much disapproval but Industrial stocks maintained their level com be Clarel Oit in a matter of Farmers Are not thought to be holding much of the old crop for Sethur Prarop throughout the Domin Ion have unde Reona no marked in Ontario abundant rain has when and present British Columbia Backes o durably on the but farm most Fletr Letb Qulin whats pc rial to the free and financial men have forgotten their other worries a Turley the few in order to Copp with the Wlinich Shire out of new if eral insofar As the financial is immediately the taxes on stocks and excited the most and As to be Bond dealers will pay five cents on every Ealo of Bonds a Par value of in place of two an several Large dealers insist twist such s Levy will out a urge margin of their present Tho solution for which eventuality will probably found by passing the tax on to the that the latter individual trill Register ills disapproval to the extent of refraining from inverting now very Stock transactions will be subject to a similar increase in tax from two to five rents and in tie province of an additional provincial Levy of three a share is bringing he total impost up to Ulfat cams there mar a temporary disposition on the part of traders to cur Tail their what is More to be to turn their attention o new York in the Esse o the cheaper a code mining some of which Are at a few cents a the tax will amount to More than the value of the and trading w 1 be the disappear Ance of Many of the latter class of issues from lists will prove a detriment to the country at Inlet but vim the whatever us merits or defects May has had Little effect on Security prices Dur int the the Eastern Stock Market closed last weekend with a burst of and and whip Doii Lituri were Rathor More immediately following on the budget an As is always the held up Industrial which might have been expected to Register Simi reaction consequent upon Tariff were not so the amount of the duty reductions being too Small to dislocate seriously any line of in both Canada and new York the mar Ket for High Grade Bonds has been very slightly an instance of this was seen on thursday the province of Manitoba Felt constrained to reject All eight tenders on a offering of 5 per cent 30 year in accounting for what he considered the the Edward provincial stated that the whole of the recent Dominion loan had not been finally distributed to buyers in the United result Belnac just a Little congestion in the latter in addition Thore is one Factor which All potential borrowers must hence Forth Bear in mind when placing Loans in new namely the very Low Premium now prevailing on american of lats the Premium has been consistent la quoted at less than 1 per places the native and foreign Market on a practical Equality for the first time in several at least they Are on an Equality to far As the operations of ex1 Hann Are it is hat prices of All classes of Bonds Are a trifle higher in the United states in but discrepancy his been disappearing for several months find the time May not be far Distant when Canadian As Well As municipal will find no further advantage in of Fering their new across the in the whole course of the budget speech nothing was More eagerly awaited by Bond dealers than some pronouncement on the finance ministers policy regarding further loan to be negotiated for the do minion this summer or no in formation was vouchsafed other than thai i Here would be such a and that it probably be a Domestic Gorsun said wheat has put in a very restless seven with an opening tendency to and which resulted in High quotations on ail options on followed by an abrupt break on thursday of three to four cents a meanwhile the heavy movement from Western elevators to Lake had estimate places the amount of Grain in the Prairie provinces Wilt inc shipment eastward As not fore i Han the whole of which behind Active stocks Baldwin locomotive to tic Frt my new May Baldwin Loco motive works common is preceded by an enu Ai amount of preferred and of net tangible applicable to the common stoic on dec Ember were a Uke nearly All equipment com Baldwin is supplied with Cau and marketing securities sufficient to tin Ance any Trade revival in immediate pros at present Baldwin is operating at about 30 per of its Plant capacity of last were a share i the common As compared Wlton i annual average during the period the current dividend rate of 7 per has been in Force since july 1919 Lange of Stock since High 156a in Low 26m in today 119 weekend prices hold firm Montreal change gains a Little More than out numbered losses saturdays prices on the local Stork Exchange remained despite prevailing which curbed activity and breadth in the gains slightly outnumbered neither of which were brazilian led the Market in closing at 48 for a be Advance of Canada Cement closing up to 67 after touch ing a new steel of Canada closed at the greatest loss of the Day Faa u Canada car which closed at 55 for a loss of two there was also considerably falling off in Bond with a slight weakness showing throughout the Victory loan b total sales bulls drive shorts to cover in Short session new May tobaccos and chemicals propelled today Brief but Active and Strong those groups were mainly represented by mexican Petroleum and several domes tic oils As Well is Republic Stude Kelly Springfield Mack american sum Matro tobacco products common Ond Industrial Davison famous players and coca cola extreme gains of one to almost Points were subjected to the usual profit taking but the hit closed with a Strong Short covering continuing to the total amounted to the attitude of the reparations commis Sion toward Germany failed to unsettle the foreign Exchange in Bills on Berlin the British rate held firm and Allied Walls showed Moder ate Central european quo tons Montreal stocks Macdonald Asbestos Atlantic sugar Bell Telephone brazilian Prompton Canada car car Cement converters Glass Detroit United steel textile Howard Smith Laurent de Price Montreal Power breweries Ogilvie Penman Quebec Lordon p Lordon Lordon 2 so Alnisaa 105 1c6 of Melter 23 spa Lmh Spanish 85v4 steel of 75 steel of 9s Lordon electric Way Agama War 1925 1931 1937 1927 5219 19s7 10jhe 1923 75 1933 1924 99 199 Montreal 21614 16v Montreal May 81 j Atlantic 24v4 1 24 s Brompton Canada 22a i Dominion Dominion Montreal Abi Elbl 95 Quebec at Loat Lordon at u 55 at 13 50 at at 10 at 20 25new movdon225 at pw20 at 20 5o at 21 50 2 Victory at Montreal men on directorate cd Mcern Kingstone Watson British controlled limited have appointed two Well known Man readers to the directorate of the big the concern is capitalized at it is already traded in on the unlisted Section of the Mon Treal Stock Exchange and application has been made to admit it to the unlisted Section of the Toronto gossip of the Montreal Stock Exchange Spanish River Mills working towards goal of 700 tons per Day company has profit Able dividend tax on beet sugar encouraging to Cane sugar president of Lyall construction company is More hopeful Mand in the Short weekend session Wlton prices generally showing a Arm in Era tonal Petroleum Holdup to closing at the top for a gain of 2 me real Oil was also moving up 8v4 Points to in waa 731 hares changing hands for a gain of h o Burt preferred was up a Point and Canada Cement continued to gain of to Atlantic sugar Down fat the 1934victory activity n and held t the Stock of compared with in fridays further reports of permanent Busi Ness recovery in every part of the country encouraged Bulli Sli Scenti and the whole Market was Strong during the first 15 minutes mexican Petroleum a full Point to 137 steel common gained electric gained 1 Canadian Salt was up sugar Point do ill f review of the Market by the Wall Street journal new May a oeuvre on Friday of a Sharp do clone at the close of a Day of strength was followed to a Quick recovery at the Start of trading on the new York Stock Market this carried to new to and Republic l to great lakes navigator dead May Chauncey pro Mineji navigator of the great lakes for past 50 died Friday from1 juries lie received when he fell the tug Davis two weeks the Best investments we anticipate marked appreciation of several Good i Canadian listed information gladly Mcdougall Cowans members of Montreal Stock Huron Eria fort and Portage phones vector a at 000 at at new York stocks new May open High Low close Copper Superior 40 31 65 s5v4 1114 31 42 63 33a 40 43 38 68 continue to easer and ba8t by the frn remittances were featured in chinese weekly reviews of general business conditions emphasized improvement in crop prospects and wider distribution of Mer announcement of further advances in Wool fabrics by the american Woollen company denoted the stronger tone of the textile Sterling Exchange steady new May Exchange steady at for 60day and at for bar Canadian 98 Bank of Montreal established More than 100 years branches in Winnipeg main and Portage Mcgregor and and s32 Portage total assets in excess of recognition today this company is As one of the most pro pm your Finan 174 Northwestern Trust company in 166 Donald 65 65 Anaconda Cerre de Pasco interstate Cal Calno inspiration 42 Ken Newcott 38a Utah Copper 68 68 10a 99 100 Balto Ohio 48h 48 48 Shyrla 88 5b m Missouri 2j 7f 6 Pennsylvania 41 4u 41 44 Pere Marquette 33 33 814d 81 Rock Island 46w 45k 44 Southern 92vi 92a 92 Southern 24 b8tt 28 28 Union 139 140 140 Missouri Pac 57 equipment am h5 li5 Baldwin Loco 119 119 pressed steel 78 78 motor Bosch Magneto 46 46 46 Chandler 74 motors 14 14 14 14 Pierce Arrow 19 19 19u 53 54 53 64 Studebaker 123 124 123 124a 8a 9 8 9 60 45 82 May regular weekend Market on saturday found the Street looking Forward with Confidence to the in Newal of the adva Jice As soon a absorption at these Levels a Romp Abl Tibi and Tram breweries and Lyall All amongst these sections heard in trading cements Advance to a new High is associated in some minds with the Addi Tion of minister of roads in the Quebec Cabinet to i Iii it is thought to indicate Bis government Road a tracts in the near future which will use up huge quantities of advices received from Espanola inn of Spanish River state that the Mill attained an output of 307 tons per which is 50 tons per greater than the Mill Wpm planned to the entire output of the spin in Mills is working steadily towards the 700 Ion per Day Uta dam lies petted eventually to be sir Herbert vice president of do minion textile in the annual report of the Board issued today states that the year under review from a manufacturing Point of was one of great he states that every depart ment and Branch was operated to capacity resulting in an increase of production Over the previous year by Yards Grey Yards of printed cloth and Yards of bleached and finished prior to the Rise of approximately 10 Plaha 60 h 82 60 h 44 81vj 136h 137 138 64 65 64 67 68 67 63 64 v4 36 49 44h 81 94 64a 68 i 19 36 76 a 36 49 101 101 101 41 40 77 76a 76 48 77 76 75 48 78 77 76 35 48 Cosden invincible pan american Royal dutch Sinclair Texas steel Bethlehem b Lackawanna Iron Vanadium steel rubber stocks Fiske rubber Goodrich Kelly Springfield Keystone rubber sugar sugar cuban Cane s Purita Allegro tobacco tobacco 142 144 142 144li 39 42 retail 70 tobacco prod 76 79 miscellaneous Gulf 41 42h 50 so 48 49 65 65 cents per Pound in the Price of raw Cotton in september and october the company has purchased several months Supply which in a measure accounts for the satisfactory results after making reference to the retirement or Cotton Mill Bonds and the Sale of refunding no states that the company has nov to operation spinning twisting looms and supplies employment to upwards of for the purpose of making payment for the skins and pelts shipped in for the re cent auction of the can Adun auction fur sales company 10th is although the company is not Calle upon to make payments until that i it sent out cheques this being thus about two weeks of the company is placed in the fortunate Funai Cal position of being Able to make pament thus Early by reason of Thi fact tin purchasers have in a Large number of stances already delivery of thei in spite of the fact that Lilov an upon to take the Skene be on prompt1 Early com Micas Havi been unusually heavy upon this occasion and As the company has ments in Advance it is in a position t Settle up thus Early with shippers an Trua save a considerable amount in in the budget proposals to place a tax o 49 cents per 100 on beet sugar con soldered by local refiners to he a con Peru calve move that will Heln the Industry to sounder the effect of the tax will not be actually until the end of the fall when the marketing of beet crop As sugar in Canada Dur november to Peb not help or standing dance in the of Canadian y increased la con the Industrial report for Arll ssi directors of Sherwin Williams paint co declared regular dividends of per cent n and per on Rte Ferrea president William Lyal says in his re port to shareholders Lyall construction statement the expected improvement in the construction business did not materialize and Competition became a menace to profitable business some of your com pants contracts on which a profit was proved to the tour directors regretted the necessity of reducing the dividend owing to the Condi tons Ami when the Esqui Mau dry Ock was closed Down indefinitely Noth Lnor remained but to discontinue it your directors confidently expect that this contract will again be started up in he near few More contracts have been scoured and prospects for future work Are labor employed at the present time is More reasonable Ana shows Strong indications of increased production which will no doubt encourage and cheapen work of All directors beg to report that negotiations have been started for the Sale of the transportation building Bonds which Are held by your the Sale of these Bonds is of great importance to the company and would give More liquid working and enable the company to take advantage of pro opportunities that May Avail 42 51 22 17 22 64 42 50 22 44 76 17 42 64 h 44 u Allis Chalmers general Asphalt Allied chemical american can coca Coll Rapha Central leather Corn products consolidated Endicott Johnson famous players general alcohol Nickel paper Ore Sears i Westinghouse Woolen 70 76 41 49 64 70 79 h weekly mme timer on misted securities White 49 48a 62a 40 102 13 84 59 so 32 79 85 40 39 is i 13 86 59 52 59 18 52 34 32 79 92 in lists securities 80 63 42h 49 64 70 63 4 39 102 13 85 69 18 g2 84 794 9254 a Pattison members Toronto Stock Exchange and Montreal Stock 106 Bay Toron furnish the following approximate As at slay 26 is Ashdown British America can Collingwood com Dom Dunlop pref English Goodyear pref Harris International King tire Superior Massey Murray National Ontario Peoples pref Rolph Clark Sterling Trust Whalen mining stocks hold w1erest prices Strong i i i i Taij sat Rilay session Standard mining mid a bullish influence was Mclint re and 21b were 20 higher at Tilte Shore went f it 965 new at tack 48 and at was stay sugar preferred was the outstanding feature of the Canadian unlisted mar Het last registering a Sharp and Vance of three with buyers at 19 at the Canadian Marconi was steady at around the previous weeks prices of to and Goodyear tire preferred moved up two Points to 84 with Sellers at Whalen preferred sold at and the common was Dull at 9 to National Brick preferred sold at and the common at there was Good buying of Canadian Connecticut Cotton preferred this week at cock Anutt plow preferred advanced from 41 to 44 bid and closed there with no Stock in sight and Imperial tobacco o Canada sold at Between and Riordon preferred was Strong around while the common a still stagnant at there is much interest in the announcement of the assignment of Julei and of the Allan theatre if the merger with famous players goes it will probably be a Good thing for All the theatres Are having a very bad Tim and few of them seem to be making any for the year ending january the Murray Kay company of Toronto reported profits of the Balanc Sheet shows liquid assets totalling As against liabilities of which leaves the company in a Strong application has been made to list the securities of the British controlled of on the unlisted Section of Toronto Stock these securities have already been traded in on the unlisted Section of the Jlon trea Stock the voting Trust certificates common Stock Are quoted to the company is capitalized a including preferred and and the Stock is already listed on the London Stock Exchange and the new York Watson am Captain of hav recently been appointed the Canadian Northern Prairie land for the year end ing december show net pro flu of As against to directors of the English electro company Plant at Catharines re ported this week that the Plant is Busy although not operating at full capacity hut has Good prospects for More Busi Ness in its output at presen largely comprises transformers an As usual Southern Canada Powe showed increased Gross and net earn Ings for the month of an for the seven months period ending april net earnings for the month of this were 364 As against for the Sam month in unlisted Bond Market was quit and the general trend of prices was Good industrials like Belding Coati 5s of Brandham Henderso 6s of Dominion Iron steel 5 of International milling 6s of and Mccormick manufacturing o Ware in excellent Spanish Hiver 8s sold at Howar Smith 7s at Price Brothers 5s and Brompton is at Whalen debentures were a Stron feature at 67 none an Matt Garai debentures closed 34 bid none i the Public Utility group were fairly Good demand for securities on Toronto Stock Exchange May listed on he Toronto Exchange were in Good de Active and prices were maintained the previous weeks with be exception of Canadian Light and Ower 5s of which eased three Points from 78 to grip the perfect adhesive for office Seff fluid Strong Quick sticking Reliance Ink Winnipeg notice notice is hereby Given that the Tang Tsze insurance has been granted a certificate of registration in the province of Manitoba per mitting them to transact the business of Fira Price Manitoba chief Golf at Roy Aumont do you use machinery if it is frequently very possible to pick up Tome Good bargains in used machinery and tools through the want in the free look for the heading farm implements and be v penniless old men fou know Many of who in t their prime made plenty of but who spent As freely As they old age finds them in a sorry you dont expect to be without Means of support when you grow do you neither did but you can escape their bitter experience if you will and that quite a few dollars saved each when you can spare the Money invested in an Imperial endowment policy will provide the Means to keep you in Comfort and Independence in your old or it will take care of your family should death Call you fill out and return the Cou Pon below and Well Send you full information the Imperial life Assurance company of Canada head office Ontario Coupon May your Bookout about Imp Risu Branch Branch clean breathing and coolness clean Linen plays an important part in the appearance of the men and women who command Atten and respect the ways of Quality a Man is marked by the Linen he wears particularly by the Subtle Quality of the finist which laundry has imparted to the clean is one kind of finish on the which i Correct another is hopelessly and notice there Collar which ably the correctly dressed Man invariably wears a Collar with the unglazed finish which can Only be imparted by the Best steam North West a finish which is smooth enough and hard enough that dirt and Fly ing dust will find no lodging that the first Trace of perspiration will not melt but which under any is the Yellowish White reflect ing the Sun or the electric Ray the kind of a finish that is inevitable with the wrong kind of laundry is it is a take the trouble to Send your next Batch of collars to the Northwest laundry when they come Back just hold one up against one of your collars done the other the phone Call for Wagon service is ;