Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 1, 1925, Winnipeg, Manitoba Manitoba free press Winnipeg wednesday Winnipeg Batik clearings in creased to total of Over corresponding figures for March 1924. News of the business world Trade and Commerce mines and the Money markets Steps Are being taken to As sure financial backing to Al Berta banners who will grow sugar beets this year. Slight increase is revealed in March clearings Winnipeg figures show huge in crease of Over 82 millions Over same month in 1924 an increase of per cent has taken place in the Bank clearings fur the month of March 1925, com pared with the same month in 1924. Clearings for the principal cities of the. Dominion in March amounted to compared with a year age. Winnipeg Cliar nos increased by from in March 1924, to last month. Clearings elsewhere in the West Are at about the same figure or slightly above them. Toronto registers a decrease of about 20 millions and Montreal a decrease of about 34 millions. The Complete list is As follows March March 1925 1924 Hal flix a s 10.44s.837 s John Moncton 3.065.974 Short Roose 83.121 ii ohs 1 1.s65.235 e2.634.716 Montreal 343 72 a 72 i St. Lawrence 34 24 34 34 shawl Olgan 135 135 134 a 134 smelters _ 61 61u 60 Spanish . Cd 10214 103 a 102 h 103 steel of Canada. 84 85 84 85 steel of can., 109 109 109 Vav per. Al. By 4114 41 a 41 a 4114 War Loans. 5 per cent. 1925 100.75b 100 75b 102.10 102.10 102.10 102 10 1937 104.25 104.25 104.25 10425 Victory a a per cent. 1932 103.100 103.10b 1927 102.95 10b.95 102.95 10295 1937 109.00 109.00 109.00 109.00 1933 105.35 106.35 106.35 106.35 1934 103.90 103.90 103.90 103.90 special United news esp nth to free press by Lorec trl Patci wire by Todd new York March Tho face of another bad break in wheat the Stock Market continued on tuesday the rally which set in daring the last hour yesterday. The recover was rudely interrupted in the fore noon however when prices Active stocks slumped from two to six Points with nearly a score of issues registering new lows for the year. The reaction., was of Short Dura Tion As Good support was encountered on the decline and the rally was resumed carrying prices Back to the Best Levels of the Day. Analysis of the sit confront ing the Stock Snarke. A gusted that technically the Martini was ready for n Good recovery and that the improvement would have been More pronounced but for the developments in Tho morning which tended to Dis courage buying. One was Tho failure of a curb Market Exchange firm which had fairly Largo commitments on the Stock Exchange necessitating their liquidation. American can disappoints Tho declaration of Only the regu Lar quarterly dividend on american can was also a disappointment As it had generally been expected that the directors would declare an extra dividend of sizeable proportions. The bogey of dear Money also frightened some of the More timid traders when Call Money renewed at 4 per cent. However the Good account stocks gave of themselves following the Brief reaction was enough to make most of the traders forget their earlier fears and to resume again a More optimistic tone. Foreign exchanges were reaction Ary after a Strong opening with French francs taking a severe Tum ble. This was purely profit taking it was generally believed 1o Boox petted after the Sharp Ripe of the last two or three Days. The scandinavian issues were very weak but Sterling held steady. The Royal Bank of Canada statement to the Dominion head office Montreal. February 28, 1925 capital paid he. Camtre profits dividend no. 150. Payable March 2. 1925. Ours in circulation deposits. Due to other bit Kofl payable acceptances by London Branch letters of credit outstand Taff as8kts on hand and in Deposit in the Central Gold read res government and municipal securities railway and other Bonds debentures and stocks Call Loans in Canada. Call Loans elsewhere than in Canad it. 000.00 so Loans and discounts liabilities of customers under letters of credit per Bank premises. Real estate other than Bank premises mortgages on real estate sold by the Bank Deposit with Dominion government for Security ote circulation. 23.ct2, 5so.m g5n8.k30.214.ro 5101. 2.10. S3 it mujh.hli.i7 in to ,351.73 046 branches in Canada. Nett Fondland. West indies. Central and soc Cal America also London new York and Paris total Bank of Canada 1943 102.10 102.10 103.10 102.10 Union ill 111 111 111 Royal 235 a 2s5 a Hio a Commerce 19s list .199 Montreal 24s14 245 245 reported by Osier Hammond Nanton March 51. . Buyers. 19t 1wa 3anka. Commerce tripe real Montreal Nova Scotia Montreal sex cd Toronto Union miscellaneous. Brazil traction c. P. A. N. Y cd can. Gen. Electric pm. Cement my clan. Cement p d in i. Can. Com can. Steamships com c. S. Piffl Dom. Bridge Dom. Textile of Woods Milliner Laurent de cd Montreal Power null la. Milling cd Quebec by _ steel of Canada com Toronto Street by win Lpes electric Money on Call time Sterling Cable transfers n1. T. Actual demand Montreal rata n. Y. Actual sixties Montreal rate n. Y. Actual n. Y. Funds Montreal rate 263 is 101 47 12v4 44 86 6fi 185 8 173 141 ski 135w. 84 117 41 a 195 3 243 250 253 199 110 50 99 114 4-6 a 12 44 85 67 a 131 so 172v, 139 86 in 83% 114 41 5 4 i 477.92 477v. 477.53 477.25 474.80 474.50 1-16 sales. Our april Bond list now Heady Ali is list should be of assistance to investors. It offers an unusually wide selection of government municipal Public Utility and corporation Bonds yielding up to copy gladly furnished upon request write for it. Lindsay building Winnipeg. Ood cite lady co. Limited Telephone a2s64-5. Mcdougal Cowans Montreal March 31 noon. Atlantic at at 66. Bell at 135. At Brompton at 21 100 at 165 at 22. Can. Industrial at 30 at 16. 10 at 16h. Can. At 80 can. At 20 at 12. At 43 consolidated at 61. 360 at 60, 405 at 6014. 200 at 60 at 60h, 40 at 60h. 5 at at 27h. . 2nd at 954, 150 at Domlin. At 6b. At 9. Dom n. At 94. Montreal at 174. Asbestos at 57. 10 at 57 a 25 at 58, 20 at 59. At 25 at 93, 5 at 9214. National at 47vi, Iso at 47 4. Abl Tyrl at Ottawa at 98. Quebec at Southern Canada at at 135. Spanish at 102v4. Steel of at 84. Dominion at 85. War loan at 104.25. Victory loan. At 103.00. Union at 111. Balt of at 245 a 20 245. Royal at 235 a. Bank of at 16 at 199. Winnipeg at afternoon Setlen. Montreal. 31. Atlantic at 26 25 at 2614. A. Sugar at 66. Bell Al 135. At 51h. Brompton at 22u 25 a.1 Canada at 100 25 at can. At 81. Can. Steamships at 43v4. Cons at 16 at 60h 140 at 215 at 61 25 at 6114. Dom. At 6814. Montreal 25 at 174. Asbestos at 6o at 59. Asbestos at 92 25 at National at 50 at 48 5 25 at 48k. Abi Tibi at of Ellvie it 13d. At 144. At Spanish at 103 s.5 steel of Ca Nadalo it 19d at 85. Steel at 103. At 4.7. Victory lean at 101.10. Victory loan. At 109.00. V. At 106.55. V. A. At 1o3.90. Bank of at 199. Winnipeg at 41 a. British America Nickel in Nadlman despatch Toronto March master of the supreme court has May 7 As the Date for considering otters for Tho assets of the British America Nickel company As a result of private negotiations following the recent abortive Sale at which the sole bid of failed to. Reach the reserved bid. American can dividend new York. March of the american can company today declared Only the regular dividend of a share on the Cornmon upsetting expectations in the financial District that a split up would be authorized on tie basis of five shares for one. Savings deposits and current Loans 1300 1200 1100 1000 f deposits v a Loans Tho increase of the spread Between the amounts of savings deposits and cur rent Loans both in Canada of the Canadian Banks still continues. Savings deposits increased slowly in january and amounted to at the end of the month. Current Loans decreased rapidly and the amount at the end of the month was stocks and shares on the Montreal Stock Exchange Dull Day in which Asbestos reaches new High shareholders of National Brick to receive five per cent. Bonds in sex Abi Tibi dividend is Price is downwards with average Price falling 2.03 Points. Special pcs Pinch to Tho free press Montreal March activity of smelters saved the local Market on tuesday from being one of the dullest Days of the year. Prices tagged off in the stages but quite a marked rally took place when new York took a turn for the better which was maintained until Tho close. The list wan an especially Broad one and the rally did succeed in crossing off a majority of the Day s losses. Net losses outnumbered gains 14 to the average Price of Twenty listed stacks advanced .17 Point. Asbestos common went into new High ground at 59, a gain of two Points. Smelters underwent quite a volume of Selling on the appearance of its annual statement but offerings Well taken and the Stock closed up 4 at it is expected National Brick will make some announcement regarding its plans for the paying off the arrears on the preferred Stock. While no official intimation has been Given it is stated in usually Well informed quarters that a proposal is on the tapis to offer the preferred shareholders five per cent first mortgage Bonds in return for their holdings and the arrears on preferred amounting to Over 20 per cent. There was a flurry of interest in the Street on the knowledge that Abi Tibi directors were meeting for dividend action. The impression is attaining firm footing that this com Pany will increase its rates of distribution to five or six per cent this year. Rumours were afloat today to the effect that a meeting of Abi Tibi and Spanish River together with other interests was on at new York. This gossip also threw out the suggestion hat the merger of Western news print Mills would embrace More than these two companies. A Rumor by no Means hew to the Street cropped up today regarding British empire1 Stee corporation to the effect that British interests identified with the corporation Are seeking control. Of such is the Case the Market hag Given no sign of it in recent months. Stock prices moved downward direction in the trading on the local Money at work dreams of wealth dazzle us but there is Only one sure Way of achieving it. Such Reade do g to financial Independence among Othor roads the one to flan Cal Independence is principally paved with Good intentions. When most of us see the Speed Watt which Money accumulates at com Pound interest we Are impressed and generally make a. Mental note that we Are Eoln to Benefit by this rapid accumulation and save. We even go so far As to Start a savings intentions of cashing in on producing Powers of interest. Then we go into a Tail spin Flop financially dead and Don t Arfi to Tho saving account. It takes downright hard work to save Money regularly at a fixed proportion of the monthly income. Good intentions make very poor substitutes for hard work and these intentions Don t produce incomes from interest. Copyright 1525, associated editors inc. I Exchange during the month or March with volume of business on the Light Side. Included among the group of stocks which suffered the sharpest declines were a number of the usual Market leaders with the widest declines recorded by St. Lawrence flour Atlantic sugar preferred and Detroit railway. The greatest gains were recorded by stocks actively traded in. The average Price of Twenty representative stocks open the month at 77.94 and closed at 75.91 for a loss of 2.03. Of the 120 stocks traded in during the month under review thirty two gained ground with the greatest and Vance of Points fifty two issues suffered losses with the greatest recession one of 20 Points eight stocks remained unchanged from their previous closing prices while Twenty eight come out on broken lots Only. National brew eries was the most Active Stock of the month with a turnover of shares and closed at 48 . For a decline of Points. Second in volume of trading came Consoli dated smelting with shares dealt in and closed at 61% for a decline of 8% Points. Atlantic sugar came third in activity with a turnover of shares and closed at 26% for a gain of 2% Points. "-1 Asbestos and Kalnis Tiquila each with a gain of Points were the Strong features of the month s list while St. Lawrence flour off 20 Points was the weak spot. Retch decreases Over fifty million drop compared previous year Otti Iwa March and excise Revenue for Tho twelve months today totalled a decrease of from tha pre Vious year according to preliminary returns to the customs department this afternoon. Customs import duties we Down j14.s63.132 As compared with the drop of estimated in the budget speech. Exc so taxes Are Down As fir Arnst the budget Esti mate of the decrease in All revenues for the year was estimated in the budget at Belm sort Creamery holds Good annual meeting Belmont man., March an Nual meeting of the shareholders of Tho Bill Mont Creamery company Ltd., was in the . Hill on wednesday afternoon at 3 o clock. Tho an Nual report was submitted by the Secretary treasurer j. J. Cos toll and showed a. Very successful year s operations. Tho output of butter last year was ibs., an increase of ibo. Over the previous year and the largest in tha history of the Creamery. The Plait was improved during tha year by the building of two septic tanks to prevent contamination of the water Supply in the Wells by the eight per cent dividends were paid on the Creamery shares. Rhe following directors were re appointed c. M. Brown vice-pres., j. R. Elte Henson j. J. Cos Tell directors Hon. Charles Cannon George Mcdonald Frank Webster and Joe Ward. Canadian fire losses fire losses in Canada during the week ending March 25, Are estimated by the monetary to Lens at compared with. In the pre Vious week and with in the corresponding week lost year. The most serious fire was that of March 18 at Burns Lake -b.c., which destroyed the business Section of Che town. Ingots will be used ignited Kerr a Cable to free Frt Tjw free press Fri vote wire London March of pm Ltd ingots we. Be tendered to anyone de manding at i the Bank of. England when the resumes the Gold Standard of currency shortly the West Minster Gazette learns. The Gold ingot be used instead of Ere Gas As had at first been planned. State of Coal Trade is worse in great Britain Cardiff cannot recall time when Coal and shipping Trade were in slacker condition Canadian press Cable London March March sum Mary of British Trade is viewed by the United states chamber of Commerce in London says the serious Industrial situation is focussing attention on the government s monetary policy of deflation which arouses misgivings in commercial circles. Acute depression continues in the Coal Trade the report adds and col Zieries Are j closing Down throughout the country. The Cardiff chamber o Commerce reports that it is impossible to recall the time when the Coa and shipping Trade and its Kindred an dependent industries have suf Tere such depressing conditions As at pre the unemployment in great brital1 stands at which la More than ten industries namely Lac making glassware rubber tires brushes car pets Gas mantles hollow Ware silk and wireless have requested Protection through the Board o Trade committee instituted under the safeguarding of industries scheme. Pig Iron production in de creased tons As compared wit january but steel ingots and cast Ings increased tons. The summary states that there is record Trade in. The bicycle and motor Cycle Industry. The chemical Trad has improved and Timber imports a very Large. It mentions that an Imperial Bono Mic conference has been called to pro Mote importation. Into great bridal of food from other parts of the Empire. Meat and fruit will be the fir. Subjects for consideration. Visa my Winnipeg new York stocks closing Shes Clark Martin company new Tork March 31, 1925. Close open High Low bid Copper Amer. Smelting. 92vj, 9hi 92% 44 a 31 2254 47 11h 12 a 36 a 44% 31 47 35% 43 h 30 v4 22% 46 it 11 12 a 35% 30% 22% 11 12w 28 a 117v8 118 72 h 141 91 54 s 62 i 30 71 30 a 28% 116v, 61 i4 60 i 53 4 61% 70 30 31v, 72 Vij Anaconda Cerro de Pasco Chile inspiration. Kennicott Miami Ray cons. Rull Rood Atchison 117% 118 bait. Ohio 73% can. Pacific Ray. 141 cheap. O Hio. Chlcagno n Vest n 54 54% Erie com. It. Xor. Pad. 62 kans. City so. 30 Lehigh. Valley 70 a mo., Kan. Tex. 30 to. Pacific com. 32 to. Pacific pad. 7214 n new Haven x. Y. Central 115 Northern Pacific 60 i Pennsylvania 45 Pei a Manzueto. Reading 71 a bloc la Island 42 St. L. San for. 63 a St. Paul Ltd. 9% Southern Pacific. 99 a 100% Southern Ray. 82% St. L. S Western. Union Pacific 137v4 137j4 Wabash com. 20h 20% 20 a 20% Wabash a 62j4 62h, equipment am. Car f dry 197 194 196% am. . 121 a 123% 121 a 123% Baldwin Loco. _ 109h 111v4 Loski Lima Pullman co. 131 Only. Steel a offs. Motor Bosch Imas Neto 27 a 28% Chandler 3sv, 3454 general motors 69% 70 Hudson 42 Hupp Maxwell m. A b8 88 Mack truck 125 124 Packard is i Stewart Warner 58% Stude Baker 41% 42% Timken Roll. Be. 38 a 38v. 57% 69 85 86 71 4214 40% 6414 10 914 30ft 71. 30% 73 Vij 28% 116 a 61v, 44% 63 7214 42 64 a 9% 99, 84 45 w 62 131 a 123 a 27 a 69 42 87% 28v4 34 h 42% 15 a 87% 41% 38 57% 85 Wilto motors Willys Over. Pad. Oil Calif. Petrol. 28 Cosdon 2654 Houston Imperial Oil 27 a int. Petrol. 22% Marland Oil 33% Pacific Oil 53% pan Amer. 77 a Phillips patrol. 36h pure Oil 25.j4 Royal dutch 49h Sinclair cons. 18% stand. Oil of Cal. 57 stand. Oil of ind. Stand. Oil of . 38% stand Miloc . 41 a Texas co.-. Vac uni Oil Elcel am. Stael f Drilea 47% Bethlehem steel. 40 a col. Fuel Iron cruel bus. 67 Golf states steel 69% Hep. Iron steel 46a 82 . Stoel. 114v, 114 Vanadium. 26% tub her Flake rubber. Co. 11 Goodrich. 53 53% sugar am. Beet sugar 40 am. Sugar co. _ 62 62% 61 f Punta Alegra tobacco am. Tobacco cons. Cd Ger co. 28 a 2s% 28 Reynolds 73 a tobacco pro. Department store Stock Nfay Deun tent 102 103 18% 59 a 42% 38% 59 86 27% 22% 77 a 37 a 26% 50 18% 58% 42% 43% 85 u 49 41 33 29 27% 28 22% 54% 77% 36% 26 18% 58 54.k 39% 42% 43 it 85 a 49 41 33 67 707. 4814 82 a 115 a 26% 11 53 a 40 62 a 87 a 28 73 "4 73% 102 103 27 c. 26% 27v." 23% 33% 53 a 76% 36% 25 a 4914 18 a 57 4 i 43% 47% 4014 32 i 70 a 4814 83 82 10% 52 Mont from. Ward. 42% 43% 42% 43% Shultze stores 109 2 fears Roebuck 149% 152. 149v4 152 Wool Worth .--.114 118 Rii Mic Utility am. Tel. 132% 133c. 133 am. Water was. 4514 46v4 4.5 a by k n Manh. To. 3714 Columbia Gas 54% 5314 54% com. Gas. 75 75 7514 Gaa elec. 105 105 . Jit . 96ca Allied chemical. 80% 82 80v6 Alula Chalmers 7615 75 am. Can 163 "158 a am woolens 40 39 a cast Iron pipe 157 165 157 Central leather 15 90k 36 61 a 3854 32 36 96 a 81 162 a 39 a 165 15 90 91% 36 61h. 38% 32 14014 140% 33% 94% 77 1 46 262 32% 79% 40% 25% Coco cola. Cong oleum co. Continental can. Corn products Davison Chen. Dupont 141 famous a Lanevi. 93% 94v. Fleisc Linann s general Asphalt. 45 46 Genera electric. 238 262 a of. Nor. Ore. S3 a ind. Alcohol to 80% in her. A. Pad. 40% 41% int. Nickel 26 int. Paper. 49c, North Amer. Co. 44% Pittsburgh Coal. 45% radio corp 52% 50% 52% Simmons Tex. Gulf Sulphur 101 102% 1101 101% Worthington a. 48 48 West Lush. 66h 67. 66% International paper Bonds the International Bond is sue up fund age sinking1 fund Sis per. Cent Gold Bonds , Beeri Okei Jed to Jas pub Lic at .96, to yield about 6.30.feer cent. 1 80 41 26% 49% 44% c. D. Henderson general manager of the Union Trust company who notices an appreciable difference in the spirit of the West and looks Forward to a time of much Prosperity. Foresee activity warm lands Digger business hoped for As conditions stabilize Well satisfied with existing conditions and predicting a considerable increase in business c. D. Hender son general manager of the Union Trust company is spending a few Days in Winnipeg conferring with the Western manager of the company w. A. Lowlands. Present indications he said pointed to a Fah by extensive movement in the Sale of farm lands by Mort Gage companies and he pointed out the advantageous terms on which such farms May now be purchased. Inquiries received b the Winnipeg office of the company indicated a Strong interest in Western farm lands. Or. Henderson said that All of the Western farm properties owned by the Union Trust were being operated and were thus being maintained in an excellent condition. His company he said had been pressing the loan end of the Busi Ness particularly awaiting a More settled state of affairs but in the East had made a number of Good Loans during the past Winter and i he thought they would now be in a position to extend this particular Section of the Western business. The Trust division of the company he remarked was showing an extremely satisfactory rats of increase and he believed that As people be came More conversant with the efficiency of Trust companies generally n the care of estates there would be an. Even greater increase. Or. Henderson referred to the growing interest in what is known a the living., Trust business which a distinguished from the Ordinary rust business merely in that it neans the Trust company takes Over the management at estates during the lifetime of the owner and merely or the beneficiaries of an estate in pointed out that there were Many circumstances which make it Desir Able from the viewpoint of the owner of an estate whether the. Estate is n landed property or in. Tie form of investment funds perhaps the most important being that the Trust com Pany has an organization skilled in. Such work and is naturally More efficient than the individual. Canadian mining stocks March prices. Osier Hammond Nanton mines Argo Gold 35 to 36 Beaver 31 to 32, 29 to 30 Clifton to 15 Crown Reserve 33 to 35, to 35 Castle so to 82 dome mines 1340 to 1350 Indian 9h to 0 West dome consolidated 16h o l7 Everett 7 to Hollinger 350 to 1360, 1350 to 1365 Kirkland 1 to 42 la Rose 44 to 47 Lake Hore 575 Mckinley. 31 to 32 Mcintyre 1700b mining corporation Goa 287 to 290 no passing 615a Ray 22 to 23 Teck Hughes 38 to 142, 137 to 140 Tou Noakes 0 to 32 Vipond 134 to 139 Capi of 31 to slip. New York curb close. Financial Aid is required by Alberta Bankers declare readiness to Advance Money needed i sugar company has scheme i financial arrangements that possibly be necessary in connection with the establishment of a sugar Industry n the Southern Parij Alberta have been discussed at conference of Alberta Bank official Ujj with Hon. R. G. Reid treasurer and other members of government says the journal. 5 seed for the new beet crop and the Cost of putting it in Tor the or St time will be furnished by the i company to the extent of about 53.50ffc per acre but the Cost of cultivations and harvesting will have to to Meir by the growers. This will it is estimated a. Further Cost of s2of per acre and some plan by which l the individual growers Mas be listed to the additional financing 1 made necessary is now conf Sider Atlon. As there will be a total s j crop area of some acres it is advances of 1 Osier Hammond and Standard Oil of Indiana 60. Standard Oil of. New York 43 3-8 to 2 b-8. Imperial of 2? to 2s 1-2. International Petroleum 22 6-8 to 2. 7-8. Continental Oil 22 is to 22 6-8. British american Oil 36 3-4 to 37. Banks Commerce 13s 3-4. Montreal. 235 1-2. Union 111 1-1. Metal markets associated fress despatch new York March easy electro Lytic spot and futures 13 to tin. Easy spot and futures 52.37. Iron prices unchanged. Jeacle easy spot 8.50. Zinc easy East t. Louis spot and futures to ?7.02. Antimony spot to at Copper spot Ico 5s futures 7s so. Electro Nic spot futures 10s. Tin pot 12s .6d futures. 7s go. Read. Spot its 6d futures 7s 66. Zinc spot 15s futures be. Likely that credit advances to will be requlredl1 for the first year s operations. The Banks Are disposed to such co operation in the scheme May be found possible and have pressed their willingness to advances Money on terms and conditions Reu so ably sound and Safe. The Bank men who met the govern., ment were the Alberta dents and supervisors of five of chartered Banks As follows j. Corbet Canadian Bank of r p. Menzles Royal Bank c. Chesterton Bank of Montreal a. Chandler Union Bank and f. D. Pat Elj Terson Standard Bank. Ujj it is pointed out that arrangements. 5 for financing the growers will necessary by reason of the fact that u a. Different policy is being by the sugar company in its Alberta o Enterprise from that usually adopted t across Tho line. The companies there t take Caro of the full financing of each nov season s crop operations to far Asj credit advances Are required. In 5 this Case however the growers be aided by the company to the tent of seed and seeding Only. J. The company s scheme Job at a Farmers meeting at Tate Jav alta., the company s credit scheme for financing raising was explained and discussed c says the Lethbridge Herald. Each. C Farmer puts up apiece at Start and later Tho sugar com d Pany As that company is be Hufdhi the movement. This forms Tho the local Money being obtained from a Banks. After inspection of the beet 1 crop Small Loans May be As the sugar company is purchaser s of the. Crop it then takes its and from receipts the credit 6 Board repays the Bank at six per loaning to the Farmers at additional finance on Page fifteen i manufacturing company Continental batteries limited is Tho name of a manufacturing com Riany which has taken Over the Plant of the j Ames Thomas company As a going 1 Cern. Or. John a. Late of the Fernr of Black Armstrong Villi be Busi Ness manager and Secretary treasurer. Associated with or. Will be Charles w. Jenner expert electrical Engineer who will look after the technical end of the Busi Ness. It is understood the. Special processes used in manufacturing have several advantages Over any other Battery manufactured either in Canada or the United states radio batteries will be made As Well As those for automobiles and other Pur poses. For the present the Plant la established at 550 Sargent Avenue where the new company will be pleased to Deal with orders Large or Advt. Pill your Fountain pen with Reliance Ink you will appreciate the difference. The Ink you can be y on men will do Well if before deciding on the Purchase of their Spring footwear will consider Church s shoes there is undeniable caste about Church s footwear because the shapes Are so varied and the lines so Good. They give the luxury of perfect Comfort. They give continual satisfaction a Wear. They look As Good As they Are and they retain their shape. Church s shoes Are Quality throughout. Sold exclusively by prices to s14 the Yale shoe store Ltd. 319 Portage Avenue ;