Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 7, 1925, Winnipeg, Manitoba Manitoba free press tuesday april 1925 report of Winnipeg electric shows decreased Gross earnings due to depression open Winter Andrj increased use of autos. News of the business Worl Trade and Commerce mines and the Money markets Canada s Gold production will beco Mij of greater importance due to fact that Large Fields re main to be explored. To electric Gross earnings show decrease form Exchange Street railway carries fewer Pas sengers due to depression open Winter and More motors the United states Dollar was j quoted at a Premium of 7-54 per cent. The British Pound was quoted at the Banks for Normal Price without Bank charges 2-3. The Money of the countries of Continental Europe was for Sale at z to Gross earnings of the Winni Peg electric company for the year ending Deo. 31, 1024, amounted to a decrease from 1923 according to the report presented to shareholders at the an Nual meeting yesterday. With operating expenses before deducting Preci Atlon at a decrease of from the preceding year Anri miscellaneous income at 1s5.99, up the Gross in come available to meet fixed charges amounted to interest charges of together with other deductions and general expenses left a net income excluding depreciation of after setting aside for depreciation and providing 1 or the payment of representing the amount necessary to Complete payments called for by the contract with the Manitoba Power company which is controlled by the Winnipeg electric the balance carried for Ward to surplus account is g18.0s, bringing that account up to Jitter the payment of the regular dividend on the preferred Stock and a dividend of one per cent on common the balance at surplus account is readjustment effected the directors report says in part your directors thought it an opportune time to eliminate from the balance Sheet some items which no longer represented tangible assets and which were for the most part related to costs of past financing. The account thus affected is unadjusted debits prepaid accounts while one year ago its total was at dec. 31, 1924, it appears As Only and of this amount represents chiefly prepaid accounts of various types. The remainder covers the discount on the latest Bond Issue and part of the discount on the preferred Stock Issue. While the effect of this action has been to reduce the surplus account which now stands at your directors Are of. The opinion that the position of the balance Sheet Lias been very materially decreased1 traffic the Street railway Utility has been experiencing a decrease in traffic since 1920, in which year it carried passengers As against in 1924. The causes of the decrease Are set Down As business depression an open whiter and the increased number of automobiles. Cross receipts of the electric Utility o n the other hand were greater than in 1923. All directors and officers were re elected. A. J. Mitchell of Toronto resigned from the Board and the vacancy was a Ltd by the election of s. L. Fuller of Kissel kinnicutt company new York who is also a director of Manitoba Power com Pany. Or. Mitchell also resigned from the Board of Manitoba Power company limited and d. N. Finnie who is already a director of Winni Peg electric company was elected in his Stead. The Board of directors is com posed As follows g. W. Allan ., president a. W. Climont vice president sir Augustus Nanton Hugh Sutherland g. V. Hastings w. R. Bawlf w. J. Bulman d. N. Kindle a. J. Nesbitt r. J. Fleming Geo. E. Gait a. J. Mitchell. General manager a. W. Mcalmont vice pres Dent in charge of finances f. M. Black treasurer j. S. I Mackenzie Secretary l. Palk auditors peat. Marwick Mitchell co. The following cents prices in Canadian French franc belgian franc Swiss italian lira greek drachma norwegian Crown _ danish Crown swedish Crown German reichsmark Spanish peseta dutch Guilder Day s pries 5.21. 5.14 19.44 4.20 1.75 16.09 18.54 27.11 23.96 14.37 40.10 Normal Price 19.3 19.3 19.3 19.3 19.3 27.0 27.0 26.8 23.8 19.5 40.0 Winnipeg stocks listed fire co. 100 Winnipeg april 6. Pur. Bid. Asked. Can. Fire ins. Co. To can. Pac Flo Only. 100 Crescenz Creamery co. 100 nor. M usage. Fully pm 100 Union Bank of can. 100 mpg. Elec. By. Co. 100 . Oil co. Ltd 25 North Star o. Co., pad 5 traders bids. Assn. 100 West. Croc., pad. 100 Al. By. Co. Pad 100 Binjo 1 War rate 1925_ 5 1931 5 1937 5 1928 5 1943_ s 1944 War loan 1927. Sv4 1932 Victory 19 27 so 105 55 141 51 ii o 40 36v, 4.10 80 29 95 5 100.40 101.90 104.10 so 4.20 84 33 1933 5 a 5v, 100.60 100.90 102.30 96.65 96.7s 101.90 102.10 103.35 103.50 102.70 102.80 106.30 106.35 104.05 104.10 1937 108.85 109.10 quotations on Victory Bonds Are for denominations sales. At 104.10. At 102.30. 1.000 at 102.30 at 96.65. 500 at 96.70, 500 at 96.75. 3co at 96.80. At 102.80, 50 at 102.60. 50 at 102.60. 150 at 102.60. At 106.35. 3.000 at 106.35, 3.000 at 106.35. 500 at 106.30. It 104. 3.000 at 104. 5.000 at 104, at 104.05, As 104.05, 50 at 104.15. 1937, at 108.80. At 103.40 2x50 at 103.40. Spirited Ray seems to prove Ide is turned line of least resistance leads to higher Levels but Public still abstains spec enl in Ltd Al svets to free 1 by free or Chis private wire by Todd w. Wright new York april recoveries took Placo in the major financial markets on monday with the rallies gaining momentum As the session pro Gressed from the Short covering1 of the bears. The trading in both stocks and wheat was still of a 3e cidely professional Huet but the firm Ness of prices in the face of dearer Call Money was quite conclusive proof that the professionals were buying rather than Selling stocks Ancl that the line of least resistance tvs upward. Automotive group leads it was the motor shares that attracted the majority of interest. This dem which incidentally carried Nash Packard and the Maxwell issues into record High ground unquestionably Ivas in further response to the conserva developments last week when Dodge Bros company passed Inlo new hands. Cynics professed to see a relation be tween the activity and the known plan of Bankers to offer the Public an inter est in the new which Wittl take Over the Bose company. However that was a narrow View to fake of a transaction which reflected the Faith of qualified judges in the future of Tho automobile Industry. The Rise in Call Money to 4% per cent against a genevral rate of 334 per cent served As a warning that the recent Advance in the Bank rate is tending to restrict the Supply of demand funds the member Banks of the Federal re serve system of this District closed last week with a scant margin above re serve requirements. Foreign Exchange was generally higher today with French Franca continuing easy pending news on the government s currency plans. Exports of pulp and paper february s exports Pul Pwood Wood pulp and newsprint paper were larger in value than those of january and than those of february last year. In the cases of Pul Pwood and pulp Tho quantities increasing but a decrease of nearly sixteen Hundred thousand pounds of newsprint paper from the january Quantity was accompanied by an increase of nearly seventy nine thousand dollars in value. The february values were pulpwood Wood pulp newsprint Paiper bankrupt Road sold associated reefs despatch Bay City. Mich., april of the property of the Detroit Bay City and Western Railroad to i. A. Mills of Chi Cuneo. For was confirmed today. Mills representing some of larger creditors of the read was the Only Bidsler at the receiver s Sale last Welc. The Road is approximately 99 Miles Lour. Operating Between Bay City and Marine. City 1 confederation 1 1 life building 1 for rent one or two desirable r q offices splendid he it. Al ele q s Vator service and Good vault accommodation. Inspection invited. Q apply building manager g Offiel no 607. Phone n6635. Montreal stocks 2714 27 136 25v, 45 a 101 looks 68 a 27 82% 93% 25% 27 136 so y4 24 a Mcdougal Montreal. April 6. Open High Low close . Steel 2nd Prev 9v, 9v, abit Ibl 66% 66v, 66% Asbestos corp 68 70 68 70 Asbestos corp or 93% 96 Atlantic sugar 27 . Steel 1st or -27 Bell Telephone. 136 brazilian trac. 5114 Brompton papers z4v, Canada car 46b can. 12 can. Steam. Or. 45 a can. Cement 101 can. Cement or. 114% can. Con. 81 81 can. Ind alcohol 16% Dom. Bridge 88 Dom. Canners 97 a Dom. Glass 112a Detroit United Dom. Textile Howard Smith 27 Laurent de 82% Montreal Power 177 n at. Breweries 95% 27 27 136 25 to 46b 1214 12 i 45 45 101 101 114% 114% 81 81 16 16 88 Bivs 9714 100 a 112a bv4 68 i 68 a 27 27 8214 179% 176% 51 i 49 i 51138h 118v, is a Peter con. 21v, 21 a z1v, Bros. 38b 38b Quebec by. 90i4 90v, 89 90 so. Can. 72 72 72 72 St. Lawrence 31 31 30 a 30 a Shawinigan _ 136 136 136 136 smelters 60v, 62 61 Spanish River 106% 107 106 107 Spanish Rev. Or 119 119 119 113 of Canada 8514 85 85 mpg. Elec. Rail 41 a 441% 41u 41 a mpg. Elec. Rail 41 is 41h 41vi 100.85 100.85 100.85 ico.85 1925__ 100.750 1c0.750 102.25102.25102.25102.25 104-25 104.25 104.25 104.25 1931 1937 Victory Loans 1932 _., 1927 1937---- 1933 1944. 4 1934. 5v, 1943. 5% Montreal 103.10b ___103.10b 102.90 102.90 102.90 102.9o 109.25109.25109.25109.25 106.50 105.50 106.50 106.50 96.60 96.60 96.60 96.60 104.05 104.05104.05 104.05 102.15 102.15 102.15 1c2.15244h 244 a Union ill 111 111 i Nova Scotia 263 263 263 255 hoche Laga Iso a 150j4 150% Osier Hammond Nanton i april 6. 1925. Sellers. Buyers. Commerce i. Dominion. Me real Montreal Nova Scotia Royal. Toronto. Union. Brazilian Anad Ian Pac Tyc Jan. Gen. Electric can. Cement com can. Cement pm can. Car f. Coni can. Steamships com c. S. Dominion Bridge. Dom. Textile Luke of Woods milling. Lauren tide Montreal Power girl Vlf milling 196 245 264 236 199 111 51 i 101 to 47 12 a 46 87 68% 181 83 178 240 199 194 186 244 198 110 51 a 142% 51 101 114s4 46 45 86 Clark Martin co. Stocks Bonds and Grain direct private wire to principal 232 Portage Avenue Winnipeg phones a2881-2882. Osler Hammond Nanton limited Winnipeg stocks and Bonds insurance mortgage Loans farm lands City realty the Royal Trust executors and trustees Winnipeg advisory Board a. Mctavish Campbell d. C. Coleman j. S. Hough A. F. D. Macrachen a Foske 436 man3j-er f. S. Long assets under administration exceed grand trunk Griefs Are still rating but grudge not borne against Canadian enterprises cart Dunn Tress London april 6. English invest ors Are sensible people and Are unlikely to visit upon genuine Cana Dian enterprises their legitimate grievances in connection with grand trunk matters 1 this is the remark of Tho Finan Cial times in connection with state ments regarding Canadian mines made by or. Incl Tosh Bell prior to his departure for Canada which Navi been largely used in the British Fin Ancial press. Bell and his colleagues Bear an enviable reputation for Grgetic development by straight and fair financial methods. In the course of an interview or. Bell gave a satisfactory account of the Keeley and Vipond developments in Ontario. He denied that Vipond had been acquiring neighbouring prop erties. Quebec by Atvill Fra steel of can. Coin. Toronto St. By. Winnipeg electric Money on Call. Time Sterling Cable transfers x. Y. Actual. Demand Montreal Rato n. T. Actual. Sixties rate x. T. Actual. R. Funds Montreal r 91 136 86 118 42 90 85 a 116 5 414 479.30 479.00 478.92 476.18 Prem .1-16 Siojo Erbai sales Mcdougall Montreal april 6. Atlantic 160 at 26 200 at 276 at 205 at 26 Ico a at by 23ci Boll Telephone 10 at 1j6 210 at 511-4 Iso at t to a 8s at la 1u Howard at 27. Dom. Glass at 112. . Steel 2nd at 1st . At 27. Dom. At 68 a. Peter at 2114 25 at 35 at s2tf. Montreal at 177 5 it -7 i at a t 78 a 25 at 200 at to 68 165 at 70 25 at 150 at 69 100 at 6814, Nellt at .50 45 at at 425 at 5014 55.at 65 abit Ibl at 66% 120gllvlo at at Ottawa at 98. Asbestos at 937r 75.at 94 315 it 95 310 at 96 10 at 10 at at Quebec at 90v4 100 at 90. So. Canada. At at Spanish River at 119. At 336. Spanish at 305 at 107. Steel of at Victory loan 1927-Rfl at 102.90. Victory loan. At 104.05. Union at 111. Bank of at Winnipeg at afternoon sales reported by Mcdougall Cowans Montreal april 6. Atlantic at 2754 40 at 27 at 51 25 at Brompton at Canada. At 101. Canadian Industrial alcohol 180 at Canadian at 81. Can. Steamships at 45. Consolidated at 61h 90 it 61. At 33. Dominion at 97w 25 at 98 a 25 at 35 at 1ci a t tools Montreal at 178v, 50 at 178 i 25 at. 165 at 173 80 at 179ji 135 at 90 at 120 at .79 it Asbestos at 69 10 at 70 Asbestos at National at Sovi 100 at 50ml 25 at 10 at 30 at 51 10 at 5114. Abit Ibl at 6694. Quebec at 89 5 at 90. Spanish. River at 119 at 136. Spanish at 15 at 106 steel at 10 at 85h at 85. Dominion at 88 25 at 88% Victory loan. At 109.25 Victory loan. At 106.50 1 at Jova at 263. At 150 Canadian mining stocks. April Osier Hammond. Canton 25 to 27 Clifton 3 to 14 Crown Reserve 34 to 35 7s to Indian la West some consolidated 16 to 17 Everett a Hollinger 1400a lace Shore iou to 570 Mckinley 28 to 29 Ilin is corporation 275b new Ray o 24 Teck Hughes 135 to 137 Toug Rhoades 31 to 33 Vipond 115 to 116. Stocks and shares on the Montreal Stock Exchange prices surge strongly upwards in Active Power As Sumes Market outnumber losses 22 to Tion of National breweries puzzles Many. Publio is buying actively though Beer War is thought to be having very evil effect. In Cullu despatch to Tiu free Montreal april first of last week lethargy was shaken off by the local Market in monday s session in which trading was on the most Active scale in sometime with prices continuing their Advance started in sat urday s session. The upward move ment in fact expanded substantially under the auspicious leadership of Montreal Power. Net gains More than trebled net losses Over a fairly Broad the ratio of gains to losses was 22 to 7, while the average Price of 20 listed stocks advanced .41 Point. The local Market was again favored by strength on the part of Wall Street while a number of factors of constructive influence Are looming up to directly influence the local situation. Lower priced issues offering any Promise of movement seem to lost none of their attractiveness of a few weeks Ngo As was shown by ithe activity of Atlantic sugar which was tile second most Active Stock of the Day and which advanced Points to sentiment about the Street cont Mios to improve and Given any sort of encouragement by Wall Street improvement should be seen in Many quarters of the list. The usual result of a Fine financial of noticeable at yesterday a annual Gen eral meeting of abit Ibl Power and paper Ltd. The meeting waa under the chairmanship of president Alexander Smith and. Was purely Rou Tine in character. The retiring Board was re elected. Montreal Power justified expectations based on its action toward the close of last week. For the first time in Many weeks it assumed the Market Leader ship and on a shares. The Price advanced three Points to Thich is the of the year. At the close it wars 17 9 to bid and Iso asked. Tho movement is naturally associated with the forthcoming dividend meeting at which it is confidently expected the rate of distribution wll be increased to 8 per cent coincident with the reduction rates which Usu ally accompanies such action. Asbestos corporation shares were again among the Strong spots both issues going into new Hijra ground the common at 70, and the preferred at-96 the. Street continues to hear rumours of. Detailed merger plans but from the attitude of All those who would be in a position to give such de tails it seems unlikely that these stories Are based on much More than guess work. National breweries continues to Puzzle the Street. Today it was one of the most Active issues on the Board and advanced 1% Points to 51. I have never seen a. Situation just like it. In my experience in the Stock a broker declared in discussing the action of the Stock. The Stock re Mains Strong despite pome very Dis quieting stories about the. Street As to the effect of the Price War going on much longer. People who Are usually Loath to look upon anything but the Best Side cof things predict that if the War continues until the. Next dividend meeting Adverse action will result. Tho buying is quite and while a Large Short interest. Was built up in the Stock there has been sufficient Gen eral purchasing to hold up the Price n a manner which has afforded the shorts scant Opportunity to get out As yet. The Public apparently refuses to believe that the situation is As bad As it seams. I financing is subject of inquiry Large guaranteed Bond issues not included in National debt in Indian press Bei Antcli Ottawa april Canadian National railway "Bonds., guaranteed by the fed eral government and not included in Money at work advertising is becoming less haphazard and More. Scientific As jts value is recognized. Thia Type of advertising of Date. The adv he scare him to Denith Type of Ert Psi Reg is passing Oul. A fundamental reason Why scare advertising is passing out is because in general it has not produce in. As effective results As other types of advertising. People do not like to be reminded of death Ana horror in an and. An and which uses thesis factors for. To May attract attention a right but the and is quite Likely to pro Duce a sensation of disgust and distaste n the mind of the Reader thereby Lurting the product and versed. N one company in a Field where such advertising was once common and which Lias St Tiff away from the scare advertising in the metro Poitan life insurance Clim Pany. Its Adis Are now highly Rea Dawe pleasant and effective because of then Public service and Good will value. It 1925. Associated l editors. Inc. The estimated National debt were the subject of a question. For. The House of common today. In reply a govern ment return Stales that Thesa Bond issues in the fiscal years specified in the question were As follows 1d20-21, 1921-22, 1922-23, nil 1923-24, in addition to these an equipment Issue of i 1923-24 was guaranteed by the government. Federal Reserve control can new act strongly new York april Federal re serve Board in its latest bulletin observing that the outward flow of Gold from the United states has sent the to the Reserve Banks for credit suggests that the Board is now in a i better position to utilize re discount rates in control of cred it than at. Any other time since the heavy imports of Gold began. By purchases of securities in 1924 the Reserve Banks put themselves in a., position where through subsequent sales they could. Cause Mem Ber Banks and so bring a larger part of the outstand ing Reserve Bank credit under the influence of re discount rates. No immediate Advance in Ever is believed to. Toe contemplated. Germans seek to control african Platinum group t Canadian press Cable april from Johannesburg South Africa indicate that the reason behind the recent Boom of South african Platinum stocks is an Effort by germans to secure control immediately fresh discoveries were announced. It is re ported that German syndicates appointed secret agents to buy up the shares of the Platinum mine corporations i these agents who were furnished with apparently unlimited capital now hold Large blocks the most prominent shares. It is British financiers alive to the danger of the valuable Platinum finds passim into foreign hands and they were vigorously competing which made the situation intensely interesting the stocks Are now quoted practically As High they were immediately following the Rush for shares Early in March. Henry Ford s profits Ford made an average profit of on every car. Truck and tractor sold his company in 1924, according to an analysis Dow Jones of statement issued by the Ford motor company. This profit compares with ?37 per unit reported in the ten. Months ended dec. 31. 1923, a profit of per unit reported in the year ended feb 28. 1923 railway merger on huge scale is Likely soon consolidation programme of four Eastern trunk lines of . To be settled this month York april hearing before Tho Commerce commission on the application of the new Nickel plate to acquire control of five rail roads set for april 15 and prelim Inary Steps toward the merger go ing Forward Eastern Railroad executives concede that the entire consolidation situation in this territory 1s Likely to be cleared up within a few weeks. It has already been made Clear that the commission cannot act favourably on the Sweringen plan without at the same time virtually adopting a general Consolida Tion programme for the East. Pennsylvania objects the four important trunk line groups have agreed upon the so called four system plan. A3 yet the Pennsylvania Railroad has failed to give. Its approval and the in Ference in Railroad circles is that it will pose the swe Ringens at the hearing. The Pennsylvania wants control of or a half interest in one of the new York Buffalo preferably the Lehigh Valley. New York Central wants the be Hig h Valley and the Sweringen want the Lackawanna to add to the greater Nickel plate. Both these claims. Are recognized in the four system plan already submitted to the commission. Apparently the Only Chance of winning the Pensyl Vania s support to the Nickel Plato merger lies in the possibility a. Compromise by which the big system would obtain an interest in either Lehigh Valley or Lackawanna. But the Pennsylvania is not the Only potential Railroad opponent o the a Werngren plan. The Balti Ohio has All along insisted upon control of the Reading Jersey Central As vital to its future and it is no secret that Baltimore Ohio will likewise oppose the Nickel plate plan unless its interest in Reading is effectively protected. Little hostile criticism except for the dissent registered by the Pennsylvania Railroad the four system plan recommended to the commission by the new York Central the Baltimore Ohio and the swe Ringens has evoked Al most no serious opposition and very Little Hospital. Criticism. A certain amount of opposition from the Short line railroads is sex their plea that consolidations should take to All the Short lines is not Likely to impress the commission. Where a Short line performs a valuable transportation service it is entitled to support through fair local rates or a fair division of. The through rates. This general principle has already been sufficiently. Laid Down by the com Mission which is not Likely to re absence of a visible Means of support As a reason for compelling a Large system to take in a Small Road at the owners valuation. Germany makes prompt payment of reparations s. Parker Gilbert agent general for reparations has a statement covering receipts from. Ger by under the Dawes plan up to february 28, 1925. The first Dawes annuity As is known covers the period from september 1924, to August 31, 192.5, and during that time Germany is bound to pay one billion Gold Marks. At the end of the first six months she actually paid 580 million Gold Marks of which Cash taken Over from the proceeds of the German 1924 external loan amounted to Gold Marks. New York stocks closing bids Clark Martin company i april 6. 1925. Close opon High Low bid Copper stocks a in. Smelt 94 a 94 a Anaconda 38 Cerro de Pasco. 45x. Chile. 32% 12y, Granby. _ 14% 13 h inspiration _ 2zv, 23v Kennicott 48h 48% Miami so Ray com. 15% 13h. Eta ii Itai Road stocks at Wilson 113v. 130 bait. Ohio. 74tt 75 38 45 32h 47 9ft 13 38 a 45 32 Al 23h 48v 1311 119% 74v4 banners common reach Par in Toronto trading can halon treat despatch Toronto april canners common attained Par for the second time in the past six months on Mon Day s Stock Market. Canada bread came out today in Board lots , which represents a decline of five Points final quotations on bread were at 115 and 120. The first Board transactions. In Dominion canners were made at 95. most of the Stock that changed hands sold at 38 to 100. The close was at 99 1-2 to 100 1-2. Atlantic sugar up 2 1-8 to 27 1-8. A half Point gain was registered in preferred shares which reached 67. Smelters reached a High Point for the Day at 62 1-4 and finished at 61 1-4. Metal markets. Aniol need drs Peloli new York april steady electrolytic spot and nearby 13 1-2 13 1-2 to 13 5-s. Tin easy. Spot and futures. 50.87. Iron steady no. 1 v Northern 22.00 to 22.50 no. 2 nor Hern 21.50 to 22.00 no. 2 Southern 10 50 to 21.00. Lead easy spot 8.30 to so Zinc steam la East St. Louis spot and futures 7.10 to 7.12. Antimony 14.00. At Copper spot -60 a futures 7s 6d. Electro Vito. Spot futures 10s. Tin. Of 7s 6d futures 17s 6d. Cad spot 6s futures 5s. Inc spot 7s 6d futures 10s. Can. Pac. Ray 141 i. 141% 142% Ches. Ohio 92vi Chic. North. 55% 55% 5454 54v Erie 7914 it. Xor. Pad. 6jh 63 a 63v, cans. City so. 31% Lehigh Valley 73% kans. Tax. 31 m13s. Pic. 33 33 a 32% 35% miss. Pac. Did. 74% net Haven 30 i y. Central 116 115v4 115% North. Pac. 617. 62% 61 Pennsylvania 45h Pero marauotto.-. 64 Reading 72% 72% 72% 72s Island-----.42% 43% 42f, 43 St. L. San for. 66% pad sva 8% 8% 8% South. Pac. 101 a 101 101 a 101v4 Southorn Fly. 84 a 84% 85 St. L. 4s Union Pac. 139% 14114 1395i Wabash com. Wab Asli a 63 equip. Stocks an. Car. Fay. 201 an. Loco. ____12414 125% 12414 125m. Baldwin loco.113% 115% 115 Lima 64 Ray. Steel 125% motor stocks Bosch Mas. Chandler _36v, Gen motors Hudson a. Slack truck----136 a 141 i 136 Stewart Warner. 6014 Strom bars Stu Lebaker 4414 Timken a Lar. Brg 40 White motors Willys Over Oil stocks Calif. Pet. 39 Cosden Imperial Oil. Int. Pet. Starland of 37 a Pacific Oil. E6% pan an. 76 Phillips 38% pure Oil. Royal dutch 5014 Sinclair cons. 20 stand. Oil of pm. 59.% stand. Oil of and. 63% stand. Oil of k. J. 41% stand. Oil . Texas co. 44 a vacuum Oil 87% steel stocks both. Steel Colo. So Iron 3414 cruel clip. 68 rep. 47% Replogle 15 Slos i Shert Leld. Steel. 115% 115% 11454 rubber Piske rub. .12 53% . Rubber 37 h suffer stocks an. Beet super 4114 an. Sugar co. 65 cuban an. Sug. 29% Punta Alegra. 42% tobacco stocks cons. Cuffar Reynolds tobacco prod. 73% Dot. Store Assoc. Dry goods 184 May dept. 105 Ward. 45% Shultze stores 112 Sears Roebuck 1525 33 a 37% 45 a 41 a 31% 29% 37% e8 a 76% 40% 27% 51% 20% 60% 64% 42% 42% 44% 41 a 35% 68 47% 12% 55% 41% 6614 73% ,32v. 36% 44 4 37 37 is a 75% 38% 26% 51 a 20 59% 65% 41% 42% .44% 87% 34% 67 a 46% 37 71 a 44% 16 a 92 141% 21 60v, 65% 443a 62 87% 29 24 3ta 57 76% 40 h 2714 51 20 it 64 a 42% 35 67 a 65% 401 12 53 37 a 41 41 v 65% 65% ------29%28%74% 7314" 7314 184 104% 104w 46% 45% 46% 112 111 a 111-h 152% 15314 155 Woolworth 12214 12014 Public Willy an. Tel. Tel. 13314 13314 13ss4 13314 an. Water wit. 46 a 46% 37% 37% 3814 54% 7.7 a 54 76 55% 77v. 105 6614 bran. Man. Tran Cal Muhla. Gas cons. Gas Pac. Gas elec. Pub 66% miscellaneous abit Ibl pulp p. 66 air reduce. 102 ------102 Allied chem. 85 85% 85 -8514 Allis Chalmers. 79% 79% 78% 7814 an. Can co____165 164 166 an. Woolens 38% 37 37% cast Iron pipe__167% 17214 167% cent. Leather. 16% 16% 16 16 92-. 92 a 36 is 38 3614 36% 141% 142 92 s2 36 a -----38 35 55% 14114 142 63% coca Coin. Ong oleum Corn prod. Davison Dupont Endicott Johnson fam. Players 93% 94% 93% Gen. Asphalt 47% 48 a 46% 49% Gen. Electric 26214 26044260% it. Nor. Ore. _ 29v4 23% 28% int. Harvester 103 ind. Alcohol 82 82% 82 int. Pad 41.% 27h 28 2714 s0% Al 14 Sou 45% 45% 45% 40% 41 4014 int. Int. Paper nor. An. Co. Phil Pittsburg Coal Sadlo 29% 103 82% 4114 27% 51% 45% 41 45% 55% 34% 55% 56% 55 Salni Monico. 35 35 34% Texas Gulf sulph 104 106% 103% 10414 Worthing. Pump 48% 49 4814 49 Westing. Elec. 677. 67% 6714 67ft new York. Curb close Osier Hammond Standard Oil of Standard Oil of -j3jj. Imperial International Petroleum 24 2416. Continental of do., rights. British american Janks Commerce Nova Scotia 263. Union 111. May Taly Tec. New York Cotton. Clark Martin co open High Low close 24.40 24.69 24.43 24.28 24.66 24.20 24.30 24.16 24.45 -24.10 24.16 Jan. 23.s5 24.19 _23.95 new York spots 24.65, 25 up. 24.39 24.67 2t.36 24.41 24.19 better bourse prices Amo cited Percsi. Cable Paris april improved on he bourse today. Three per cent rentes 46 francs-65 Exchange on London 92 francs 10 cedi Imes. Five per cent loan 56 francs 70 centimes. The United states Dollar i was quoted at 19jfrancs 43 centimes. Sterling Exchange new York april Exchange regular at for sixty Day Bills and at 14.78% for. Foreign Sliver Canadian dollars 1-x6. Francs lire 4.09h. Canada s g01j soon to play greater pah British Empire turns out 70 pc of total production of precious Metal canal in Prosn Toronto april Globo Thi morning on its editorial Page under Tho caption Canada s coming quotes freely from am article by j0 Slish Edward Spurr published foreign in which the con delusion is reached that Canada offer the greatest Promise for production of Gold. In 18so the United states de 34. Per cent of the world s Osmet tha British Empire 29 per Cen Russia 27 per cent. The pure passed the United slates la iwo owing to the development of to richest hed Roek mines of All in the Transvaal. Today the Empire produces 70 per cent United states 14 per cant t a mining 16 per cent being among a. Dozen Canada s place quoting or. Spurr the editorial continues w of the important British Thisbe remains Canada which is Well maintain or increase its present production for some years. Canada too much More than Australia sad United states has an excellent Chance of discovering new Gold Meta intr districts for she has an immense a prospected or. Spurr himself an ameless asserts that the British Empire we to for years to come in an Espe cull Foyo Rable position while thit of Hie United states will be Mcreal Melv unfavourable. He even doubts whether the increase of Gold will keep Pace with the increase of Trade and for when Gold reserves Bill be largely a matter of Export bal seeks to halt mermen. Associated press despatch Richmond va., april Peteja will be taken the Ouirt Virginia con Raj to halt the execution of the of the Chesapeake and Ohio to tha plate the stockholders prot tire committee informed the minority of the stockholders opposing lease in a statement made Pili ii today. I 1 i additional finance on Page 15 applications nos. 254428 and Host Manitoba the real property and and the assessment lad land titles office. District of Mitea a the matter of the of the Rural municipality of Hanover to be registered As owner of the Tuow Law Lasij namely firstly the South i Hurter of Section seven and secondly. Most southerly forty six and. One half chains in depth of the West half of Section. Seven excepting there out ten said South West Quarter of Section seven All in township four and Rar isre East of the principal Merimaa h Tifi Troba by virtue of a. a Wujs for taxes by the Kiaira municipal to of Hanover. Notice of such applies Ion is Eiven to Vou and you Are Here by required to take notice 5-Ou redeem said lands under Sions of the i assessment act or. File a caveat or take other proceed jines to Slop the Issue of tha within three months from of publication of this notice. Certificate of title will Issue to the to its Assignee and you will thereafter forever stopped and. up any claim to or in respect f lands. To Andrew Orr Bain., of the of Winnipeg. In the province. Of Mani Toba i tills notice is published for Pur pose of effect Tiff ser rim thereof upon the said Andrew Orr Bain. at the land titles office . This 2nd Day of april a a 9.2 Seal e. D Caret. Deputy District registrar. Entitled to reds Efflux above land May obtain information o the necessary Steps to be Tawe hat end on application at the office. t elevator construction tenders for the constr Dion thirty 30 modern country Grain of about Tiac i. Will be received at the hew office of the under Suroza up to and no la Dinar May 1st 1925 bans . Together tilth list of Jonii at which elevators Are t to located secured on Appl Bli vectors must be completed 1925. A. Tenders May be submitted for Mau of live 5 or More Pool. Limited. Scion Bank build nor. Helina. April 2nd. 1925. I notice o in Manitoba physician Al claims against the n must he sent to the undersigned my Jarthur build lab Winn per. Ts., on or before the Styli Day of at Winnipeg in re. Day of Adell. . 1925. A m Irwin. P. R. Notice business in atari Toba. As at the 31st to i. I _ 3 _ t Flo 21 fit flt 1s24. At Winnipeg this february. 1925. J. E. Clement. Inc. West Kildonan school District no. In assets Rural municipality of wet Kildonan balance 1924 2nd half of 1924 Grants or Herp Redt insurance total Cuva Ameta s accounts receivable s 60.00 school Sites. Buu dings and furl Bhines at Ledger value Centennial school---------------------_-----s9s.162.9o Victory school governor Semple seven Oates John Gunn school 8.661.19- to Octal Loftt Empleton ave. Site see Contra expenses re above Slot 262.776.0s 143.zs i have audited the books of Tho test Kildonan school District to. 8, and have examined the vouchers pc talking hereto for year ended december 31. 1924. I certify that the above balance Sheet is drawn tip via icon dance Cooks and Jinmy assets Banff liabilities of the District according to Tho Best h. Chairman. a vacs miscellaneous Debenture imbues i series 2, balance ser Tea balance series 41 6.-balance__________________ series 6. Balanca so 000 00 a 3.340 78 agreement to Purchase Templeton Avo. Apparent surplus balance a. On dece Mior 31. adjustment re. Linsu Ranco its government Grant add sex com of i Venua Over expenditure 1924._________ _ 5 43e 12 5167. S St of my knowledge and the information and explanation to i All interest due on debenture issues has been accrued there of to december 31, 1924. Has not c. T. La Uro Voncial ;