Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 9, 1925, Winnipeg, Manitoba I 1 i. 14 free pres thursday april 9. 1925 Dominion Trust creditors to receive eight per cent dividend. Total payments expected to reach 20 per cent. Of the business world Trade and Commerce i1icvv5 us lilt a Juilu mines and the Money markets Clarence Dillon s project in Dodge Deal estimated Dillon retail Cost plete control of aver company Dominion Trust creditors get i last dividend f. S. Long payment of eight . To j creditors authorized total May reach 20 i Canadian Vancouver b.c., april probably of the Jant subs Tan Tia. Dividend for Dominion try company creditors and depositors was authorize my. Justice Murphy de today payme of an from i20t.305. This hum has k. A per cent liar re to Lively trading sends Maxwell to year s High Canadian production recent drop in . Shares is topic of talk j Many losses in Carrier Chicago Northwestern preferred j i sinking to new Low grown id i d press despatch april Csc prices Barrour and irregular new York f a within lmlt3 in "ivedneedayf3 Market. Trading co i ctr a by or. Or Rwjr . Distributed. The fund includes approximately recon before Anglo German mixed air mitral tribunal London j from Werner von or. Drafts accepted Jay him before he War from his brother a to von Infin in co liver. The dividend will he paid to nearly creditors ? gift the company has been in liquidation since 101 i. take Burnett f before cheques can be distributed. The collections remaining of realizable aus cts Are comparatively Small or. Burnett docs not anticipate i that receipts justify More than a or two per cent dividend. Domin Ion Tibt company creditors including i trend i Dep Bitoni. Vin. Therefore be in i full about 20 cent or one lift h of Thor claims against defunct of j to later. 3525 Winnipeg manager of the Trust company who address estates officers association Day evening on the Trust Royal de the yester of the i Aier i gain in considerably reduced volume owing to approach of the easter Holiday. Resumption of bullish opera 1 tons in Maxw Eji motors and 1 a oven and preferred both of Over three Points to or High records for the -.-oar. The no. Of enlivening feature. Packard Cross i Winnipeg stocks stocks r ire co. 100 inn. Co 5o can. Pacino by Ito Crescent Creamery co. 3oo to. Elf. Co. 100 Home. Inv. And s. A a. 100 Xor. Matec. Full 00 nor. 30% paid. 100 to Talon of _ 100 bid ids to a new High but sipped to for a Small fractional n the Lay. Ignited states steel common Clofed fractionally higher 115. Re Pribic steel is operating about 73 per cent of capacity Shok dec a net of i is Bethlehem closed fraction i lower 4014. I losses in Carrier group Chicano and North Vestern preferred i Trohn three Points a new 1523 Low ?.t the common. was i weak yesterday closed Hulcher Ati i after being noted As High Money work an old age of Comfort is now Fos Elbl As Niver was for our forefathers important London journal discredits j i suggestion Canadian Gor emment i wishes to Force . To sell i Canadian press London april financial editor j or truth Points out that Canadian a j Cefic railway shares touched 177 during 1s24, and reached Iso one time this year. The present Prica Here is about h9, which. Hon Ever is above the j worst. The fall has not Linnet Jarahy i. Disturbed Many holders in this Clun try whom Canadian Pacific shares Are a favourable specs tation. For some time truth rays. There have been rumours that the car. Adivari government Rould compete with the Canadian Lutc still More Kec nay through the Canadian Northern. Some reports have gone so far As to assert that the government Force rates Down to such an extent As to enable the authorities to buy up the Canadian Pacific favourable terms. In i the unsatisfactory circumstances Cor. A steady but quite Strail recovery has gone on la Tae production of both i next eco with the expropriation of As i Iron and steel in Canada since the Low level or production was reached in i grand trunk is not surprising that i implements built 710 surpluses i machines i j build surpluses j rapidly Dillons profit on Dodge Deal Astin melons offering of Stock i Batmon read co. Retain j Complete control j new York april "5. I a piece of Ladus Trisi in aaers. John a Tiu need tonight tha primitive men had to work As Long j 5r, As they wished to continue living. Be a Cost Nacri Stock cause of the Power of accumulation j owed Early and investment All this has teen i changed. I Sale Price i due to poor facilities the primitive to the is. Eel. By. Co. Unlisted am. Oil co. . Oil co., pm. 3ms. 1. 100 100 Ico Ico i 37 410.3 420 i y 42 10 Jersey Central broke tin Points i october and the quantities Are still very Low and lower than a i this report creates some misgiving i to s5i on the Sale and net of i february for Many . Tff3 output of pig Iron was 29.505 Long tons of i among Canadian pacing shareholders. 1. To 3-i Points were recorded by Omaha j 2.240 pounds and of ingots and castings tons. In february National lines compete i common and preferred Chesapeake and two blast furnaces inc re Mownn. Making five furnaces in operation out of i i. J Ohio Lack Wanra. Delaware and Fiad i fifteen and a capacity of 41 per cent of the total available. On the surface Illinois Central preferred and nor statement indicates wide use electricity Winnipeg electric annual report shows increase in Sale of Power Raven tie derived from the Sale of electric Energy by the Winnipeg electric company during 1924 to talled an increase of 1937 1928 1344 .Oan a 1932 1927 1937 quota Iionia 51.000 Ter lome 100-40 102.00 104 10 j05.mi 102.m 102.25 35.80 96.85 icons. Sales 301.85 103.30 to .10 103.75 102.10 103.51 1c2.85 la i.50 104.15 10h.oo 1 son i Folk and Western. I Cash motor bronc 23 Points to Rali Yine to 320 . Iho close. General Independent lifted Points to other i Strong spots included general baking. Khich soared 14 Points to 129, and i Western Union. A which Clofed about j three Points higher. Call held steady 4 per cent. All Day. Time Money rates stiffened slightly. So to 30-Day maturities quoted 4 to 4u per cent., instead of on a hat 4 per rent. Basis. Com Mercial paper unchanged. Total sales. Ss2.700 shares. North Star 4.15. Traders Bliler. 83. 300.40. 10-1.10 i 3.5co 104.10. I 104.10 102.3s j i 200 104.10 101.15. J 1p37 s a nor 103.80. I Motre Alstock i . Al. 2nd a j. Asbestos corp. Sort i in greater Winnipeg. The Only change made in the directorate was the retirement of a. J. Mitchell of Toronto Hiu place being filled by s. L. Fuller of Kissell kinnicutt and company of new York. Or. Mitchell also resigned from the Board of the Manitoba Power com Pany and his place on this director ate was filled by the of d. N. Finnie. Pressure on brazilian carries shares Down Canadian press despatch Toronto april pressure on brazilian on wednesday s Stock mar Ket carried that Security to a new Low Mark for the year 50. Small lots of n reel shares viands 29vs 23vi. A noteworthy uie recess Iii of in Toronto railway studios which Chang a. Viands live. Twin City finished i higher s2u in moderately Active but do Atli Superior was Dull and firme Al 3sli other Price changes included b. C. Fishing Oft i Atlantic sugar common up 1 f. N. Burt common Oft h Cement preferred off in City Dairy common up Davics up Mackay common up 4 and Winni Peg electric off i. Is. pro. Telephone trac. Brompton Pap. Canada. Car can. Car pad. Can steamships. Can. Jam. . Cement p d. Converters. Ai. Cohan Montreal sept. 3. Open High Low 55 63 93 27 25 336 65 65 66 u 65 can. Can. Can Dominion Bridge 50 v4 25 46 34 44 s. 102 114. Sla 16 so 26 136 Sou 33 Domlin. Glass Detroit United . Steel com. Ijo Iii textile Howard Smith 83 Lake Woods 182 Mckay go. Montreal Power. Jovial brew. .48h 1 Enyuan h Petar con. Prico Canada Povy. . Law. Your Sho Winigan pow. Smelters b4 45 44 103 302 134 314 16 90 111 25 136 i .45% i 25 33 1214 45 303 114 Bla. 102.25 100 102 t0 100 302.30. Over the previous year j 1944__i.ooo 56.75 200 95.30 actor Dinar to the report submitted ,0? Liy a. W. Lic Limont. Vice president 106.40 50 and manager the annual j meeting of the company held a 10645 Days ago. Or in terms of kilowatt 104.1c Fin 1m.10 hours the delivered Energy totalled 1 104.30 104.10 104.10 in compared with " 100.405.067 in 1323. Indicating the extensive Uko to which electric Energy now put in the average Homo. For As a matter of fact there ban been Little if any increase in population during the past year i and inc roast a use of is duo to .1 wider application in the Domestic Field. Tho financial statement issued by the company also indicates the close attention Sivon to operating Economy j because i tilt were a number j As of factors entirely outside the ability i vim of the company either to foresee or prevent and the Revenue 3f railway Utility declined s174jj73. The net earnings declined Only 614. In the Case of Gas earnings which Halso show a Gross decrease of economies affected reduced Tho net decrease to so i Aras the is concerned Ono of Tho big factors to to overcome was to decrease in the Gas rates which became effective in 1923. Showing tip largely in the Revenue for 1924. The report states however that Gas sales Are increasing steadily and that appears both Gross and net revenues wiil shortly exceed those of previous years. In discussing the transportation problem or. Climont in his re port Points out that the unusually open Winter of j9i3 Rind 19-24 affected traffic adversely and that of the total decrease in the number of passengers carried for the year one half occurred in the months of March and april. Is also pointed out that while in 1920 there were automobiles licensed in greater Winnipeg tha number in 1924 was the company now has sixteen motor buses and 334 passenger cars in service. Of Tho motor buses four wore built the company s fort Rouge shops during 1924 and mounted on 2-ton classes. In connection with the transportation Utility. Wil Liam Harvey of the Standard trusts company expressed the annual meeting appreciation of the manner in which the transportation service of the company handled and of the general policy followed by the management in Public relations 69 28 342 33 i 72 35 61 f. To 111 2tt 70 180 4sw, 143 90 lit 8s 8v, 2 a 6sy. 70 28 38 82v, 1b2 182 135vi 177 a 330 62 25 25 Ai Howard a 28 25 .1 Dominion 311. 69ri 220 70. B. E. Ai. 25 Zvy b. E. Etsch 26 so 25 10 10 25_ji. . Lawrence 35 25 36 55 37 25 20 35 20 Price Montreal 5-3 a 173. Asbestos 65 75 Al 64 25 15 . 93. National . 43h 50 25 49 100 43 i 60 43 a. Abi lib Ottawa 93. 343 31514 a toe of 34 230 84 Dominion so. 47. War .Oan. 102.45. Victory incan. 304. Royal 253. Winnipeg 50 to. E. Pad. 96. Afternoon sales by Cowans Montreal ap-11 Atlantic 27i4 10 27va i 75 100 23 100 50 i 23h 350 23. 136. Ai 49 i 10 Canada 103. Canada Cement can. . 12 a. Can. Steamships 45. Can. Car foundry 84 5 83. Consolidated 62 50 63 Dominion 70. 382. Montreal 179 65 179v1 25 17951 50 179li 35 25 25 180. Asbestos 64 a. National 48 stocks and Bonds on the Montreal Stock Exchange Montreal shows strength gains outnumbering. Losses 15 to that . Lawrence flour was to enter big bread merger caused flurry. Official denial was holders of Ames Holden Mccready will meet conditions cause rear for earning Power of brazilian traction. 148 33v. 38 4 37 33 63 a 3 i 61 380 148 21v, b 72 31 a 138 63 a Spanish. River 106vi 106 a 106v, 106v, steel of can. Id 84 34 a 84 wok. Elec. . 4o a 41 w. E. R. Pad. .96 96 96 96 d loa40 100.40 100.4o 100.40 1933 102.45 102.45 102.45 10-2.45 3937 1o4.35 104.35 104.35 104.35 1938 5%1o0.85 10o.85 100.35 1o0.85 1927 102.90 102.50 102.90 102.90 1937 ___109.05 109.05 133.05 109.05 1933 105.55 106.35 106.55 106.35 1944 "4h to 95-60 96.60 96.60 96.60 1934 1o4.00 1o4.o5 1o4.00 104.05 1943 .., 1o2.15 1o2j.5 1o2.15 102.15 Montreal 246 246 246 246 Toyal 235 235 235 235 Hammond Commerce. Dominion. Imperial Montreal Nova Scotia Royal Toronto Union. traction Canadian Pacillo. N. can. General electric _ can. Cement com _ c. Cement u a. Can. Car f. Com can. Steamships Corn _. Can. S. Pad. Dorn Bridge. Dom. Textile. Lake of Woods i Nanton april 8. 1935. Sellers. Buyers. Montreal Power Oil Vale Mullilns. Quebec. 199 195 245 262 236 193 a i i so a 54 102 a 114 a 43% 13% 45 89 a 7014 132 83 179 139 69 136 84 i 118 41 193 193 137 a 233 197 i 110 Sou 50 102 45li 111 44 89 70 179 17s 138 88 i steel Canada com 84vi 84 a Toronto Street. By. 118 114 Winnipeg electric 41 401i Money on Sterling Ca. 479.18 n. T. demand Montreal rate 478.80 n. Y. Actual. 478.50 sixties Montreal rate 476.05 y. Actual 475.75 y. Funds Montreal . 1-36 Alt lbs 66 a. Moicay Southern Canada 75 5o 15 1s8. Spanish 106 steel of 34 30 34 i 25 84 is Ai 47. Victory-.oan. 105.3-5 Victory .Oan. 104.05, Bank of 246. Winnipeg new York stocks closing bids Clark Martin company Montreal april e. Wednesday was a Day of mixed pries tendencies in the local Stock Market but Gener ally speaking the Market indicated considerable strength. The attain ment of new highs by Power and Shawinigan and. A Trenth in such stocks a twin City textile and Bridge offset the effects of the gyration of four and Ive Akness in the British Empire issues and Asbestos common. Net gains outnumbered net losses 15, to 13, while the average i ice of Twenty listed Sto ski advanced .25 Point. . Lawrence flour shares under went a hectic Day. All week the Rumor was being spread among potential Small traders Bluit the com Pany was to become a part of the new Canadian bread Merser. Noth ing happened. The Stock remaining a round the 30 level until wednes Day when simultaneously with the publication of this Rumour in a to Ronto paper and in press despatches from new York Stock was taken in hand the opening and rushed up from the opening i ice 34 to i 40. I denials by both the merger inter ests new Tork and by . Law rence flour officials Here created a scramble to Iret out and the Price broke to 33 where wis unchanged on the Day the Cloae was of Fering "33, while 31 the Best bid. There was total turnover of 370 Shn is. Strength in Lontreal Power anal Shaw Init an Liares attracted As much interest As anything that transpired in Market. Both established new tops for the year Power again attaining the Iso level. Increased dividends on both of the Stock in question Are pretty confidently expected during the current year j dividend action on Power is due the report does not j seem to warrant the belief. The Cana disc Northern with the Cuna Paciuc various and if the government forced the latter to j lower rates Northern to cold have to come into line or suffer a loss i i Revenue while is not Casy to see How the government ,13 the owner of the railways which include the Northern grand trunk grand trunk i Pacific and the former government system Cluid afford to dictate a policy i of lower rates All round. I the government has made a Suffi Dent hash of the railway business Al i ready. The position has disquieting possibilities perhaps but we do not i think justifies the Sale of Canadian Pacific shares., these 150. Afford a yield of i 2-3 per cent on a 30 per cent i distribution basis and this appears the Canadian Northern railway. In reproved. was possible to create a surplus Oves and above the actual 1 needs of. Life. I j these methods have advanced so far j j today a Man who saves s. Little week i by week and stores up Eno ugh of Ai i surplus can support himself Comfort Abiy without Effort when his Best pro direct be period has passer. I j a account Foi owed by the j gradual a Mui Alioa of Road i ties is an matter for the average j i Man if systematically planned and j this will him a permanent steady i income when he is ready to Stop work j j copyright. 3925. Editors. Inc j 1 i of to the will be drawn base to the Ioco of the. In. Dodge estate. To is be Check which has passed in a commercial Oil the basis of the which was revealed for a a Tottos of the of isms firm of gluon. .0. They win Clear a Ettawa prot of More then j1p.cm.cco on in. Transaction and still retain control of Dodge Brothers through of a Washin shares of class a common Stock in which vote no 50wer vested. Foreign Exchange created. Production of pulp and paper in the . Maurice Valley will add to the country s business substantially. Kati Onai Ticle. System when is i Bond prices i a number of rumours were current in the Street regarding Ames Kolden Mccready. Which omitted j payment of Jond interest last week j one Story to the effect that negotiations have recently been under a Way for the Sale of the company to the u. 5. Interests. was reported that peas the company has decided to reduce a Jer. Overhead through the closing Down either the Montreal or . Hyacinths aaa giants. is understood that a eur of meeting of bondholders is to he Call x Basic Grain. 1s59 the United states Dollar was quoted a Premium of 7-64 per Ceat. The British Pound was quoted the Banks for ?4.79 Normal Price without Banki charges 2-3. The Money the countries of Continental Europe was for Sale the following prices in Canadian cents Day s n Ormal Price Price 5.28 19.3 5.16 19.45 4.21 1.82 seeks Preier mine Rumor of negotiations of Fidall confirmed French franc belgian franc Swiss franc italian lira april 9. 132s. I Kil Laai i Mckay. . Turn Ash j lowly approximate Bond quota Leuers Are. Rations. Rains r. i greek drachma norwegian Crown _ 16.13 danish Crown 1s.4s swedish Crown 27.13 German reichsmark 23.96 Spanish peseta 14.39 dutch Guilder 40.13 19.3 19.3 19.3 19.3 27.0 27.0 26.s 23.8 19.5 40.0 . De for a Date months time. Within a couple of i Aai run. Pac. Ray. 4k, 1914. I a. Dom. Of Canada ;