Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 10, 1925, Winnipeg, Manitoba 10 Manitoba press Winnipeg april 10, 1925 Bank statement for february shows increase of in savings and decrease of 000 in current Loans. News of the business world mines and fhe Money markets credit men s report for Nipes says better weather has brought More Lively Trade. Collections Are fair. Ii 8 f i 1 ii is sodded in credit men s Trust association Point to improved conditions quicker Trade in Winnipeg Winnipeg. April weekly Trade report of tile Canadian credit men Trust limited reads wholesale Trade continues satisfactory. Retailers generally re port slight improvement. St wholesale and retail Trade up to . Collections satisfactory. And shoes Trade Dur Init past week holding up fairly Well. No material change has been noted in hardware since our last report. Improvement in dry Roods is still being noticed. Groceries Trade generally about same As reported last Welc. With better conditions looked for. Collections generally fair. Both wholesale Ami retail report not much change Over int report. Winnipeg splendid Weaton r Lias retail sales in All lines of seasonable goods and increased volume of easter Trade in anticipated As com pared with last year. Wholesale Busi Ness steady. Collections fair. Regina wholesale Trade reported unchanged and retail Trade is showing a slight improvement Over the cast week. To hotter conditions in Tho country business generally is showing a slight improvement. Collections fair. Edmonton wholesale and retail Frade is showing a slight improvement Over the past week. To hotter conditions in the country business generally is showing u slight improvement. Collections fair. And retail Trade show increase Over last few week s business. Collections fairly Good. Material change has been noted in wholesale and retail Trade generally. But prospects brighter for the future. Form Exchange the United states Dollar was quoted at a Premium of 7-64 per cent. The British Pound was for Sale at the Banks for Normal Price without Bank charges 54-86 2-3. The Money of Tow countries of Continental Europe was for Sale at the following cents prices in Canadian. French franc belgian franc Swiss franc italian lira greek drachma norwegian Crown danish Crown swedish Crown German reichsmark Spanish peseta dutch Guilder Day s Normal Price Price 6.22 5.13 19.47 4.20 1.81 16.14 18.54 27.12 23.9g 14.39 40.09 19.3 19.3 19.3 19.3 19.3 2t.o 27.0 26.s 23.8 19.6 40.0 Winnipeg april 9. Listed Par bid asked Beaver fro co. 100 105 can. Fro ins. Co. 50 55 an. Pac. Kly.100 a scent Creamery co. 100 t. W. Life assets. Co. Joo Home. Inv. And s. An. 100 imtgo., fully paid. 100 50% paid. 100 Jii Lon Bank of can. 100 wok. Al. By. Co. 100 unlisted a. Am. Oil co., 25 North Star o. Co. Ltd s traders Bills. 100 Western Groe. Pfd.100 a spa. Al. 3vy. Co. Pad 100 Bingo 1 War _51 50 80 54 110 40 43 37 4.10 25 95 10 j8 4.15 30 is great Rush to obtain shares Issue oversubscribed by 300 millions Stock is at once Lissett smelters close higher in Active Day s trading Montreal april activity and strength of consolidated smelters was the outstanding feature the trading on thursday s Stock Market. This Issue closed at 65% for a net gain of 3i4 Points which was the greatest and Vance of the Day. The balance of Tho list was decidedly More Acuff than the previous session b. E. Hrs to preferred Clinad Cement National breweries Ontario steel and twin City were among the issues to score Good gains. Brazilian came second in activity this Stock registered an Advance of at 50. Atlantic sugar closed at 2854 up i. Dominion steel preferred in us firs appearance in a Board lot since feb. 2 was the weak feature closing at the new Low of 25, for a net decline of t Points. Total sales. 10.177 Bonds. New York Cotton 1937 it Loihl Luff Loans 1923 1943 1944 loan renewals 1927 1933 Victory Loans 1927 1933 1934 1937 quotations on Victory 100.40 100.75 102.00 103.90 100.80 102.15 102.25 96.65 96.90 101.85 102.10 103.40 103.50 102.70 102.85 106.30 105.55 104.10 104.15 .__103.75 109.00 Bonds Are is. 000 denominations. Sales 1931 100 at 102. 192b 500 at 100.90. 500 at 109.90. 1944 500 at 96.75. 1934 800 at 104.15, at 104.15, at 104.10. Next session of this exch Aniro tuesday april 14, 19z5. July oct. Dec. Jan. Clark. Martin open High. 24.0j 24.34 23.9.s 24.05 24.22 24.52 24.14 24.25 24.00 24.01 up 24.01 24.31 23.94 24.05 23.95 new York spots 24.40 close. 24.10 24.45 24.03 24.20 23.90 Canada apr. 18 Hont Ireal queue Uve Pool mean tic May 2 May 50 june 27 Selna May 9 Jun. 6 Canada. Hay 16. Jun. 13 doric. _ Jray 23 Tun. 20 1vh1tje Stak line july 4 july 11 july 18 Adriatic doric. Hallo celtic Cedric apr. 18 apr. 25 May 2 May 16 May so Ilay 23 june 20 june 6 july 4 Juno 13 july 11 june 27 july 5 of olympic apr. 18 May 9 May 30 Homeric apr. 25 May 16 june 6 Majestic May .2 May 23 june 13 red urn e Plymouth Cherbourg Antwerp apr. 15 May 21 june 18 Zeeland May 7 june 4 july 2 Atlantic i.1njb on Mynne Waska apr. 25 May 33 june to Minnetonka May 9 Juna 5 july 4 a1.jl ext Knob Coli bib Tours 30 Days s330- Ensyl Nurt Scot a Hou a Bels Orrence tourist third Cabin Hica and to England return Call Polione or write w. M. Me cod s86 Laio St. Inn Lack Kly. White Star Dominion line . Steel 2ntl or Abl till cd Asbestos corp Asbestos corp or Atlantic . 1st Gall cow a Montreal apr open Ijo s a 65% 65 91 28% 28 sell Telephone 136 brazilian trac. 50 Brompton papers Canada car 46-- can. Car or. 83 can. Steam. Or. Can. Cement 103 can. Con. Can. And alcohol 16% can. Gen. Al. Or. 52% can Cement or 114 Dom. Or fridge Dom. Canners Dom. Glass ill Detroit United. 8b Dom. Textile 70 71 Howard so nth 28b Laurent de 82% Mckay co. _ 116 116 Montreal Power 180 180 Nat. Breweries 48% of lilo. Penman s Price Bros. Quebec by. Can. Power Lawrence 65% 65 91 28 28 136 49% 25 i 46 45 83 83 44 of. Like of. Woods Lontreal Power feb. Canadian Bank statement als shows fall in current Loans Ottawa april Bank state ment for february issued today b the Nance department shows in creases. In both liabilities and assets o Canadian Banks. Savings deposits in creased by approximately eleven i lion dollars during the month and cur rent deposits dropped about went millions. The amount of currant loan held in Canada showed a decrease Over two million dollars from Tho Tota at the end of january. Stocks and Bonds on the Montreal Stock Exchange of Holiday leave Market Strong net gain outnumbering losses 20 to shows More strength earning Holdina us Bond Issue of smelters to be converted into Stock at rate two shares for each Bond if Bond Holder desire. This will clean up funded debt of Strong corporation. Despatch to tie free press Montreal april local mar Ket showed no uneasiness on the co of its Long Holiday. Al better till quarters of a fair la Broad list with trading on a More Active scale than on wednesday. Smelters was the Active Leader and a strong1 spot while brazilian was also an Active Issue this Stock being accorded better support than on the preceding Day and scoring a Small fractional gain on the Day. The earnings for february showed a decrease tout the two months of the current year arow Ell ahead of the corresponding months of 1924. The february decrease was duo to drouth with consequent shortage of water for Power development rather than the unsettled political and economic conditions which appear to have been responsible for the recent de Cline of the Stock. Twin City was Tigan stronger advancing ii Points to 64ij. St. Law rence flour dropped another Point to 32, with 30 the Best bid at the close after wednesday s gyrations. Net gains outnumbered net losses 20 to eight Lille the average Price of 20 listed stocks Point. Consolidated mining and smelting shares Cifune in for renewed buying from the West on thursday on a turnover of shares. The move came coincident with the annual meeting being held Here. Or. War Ren was reasonably optimistic in his Marks to shareholders. The Corn pay has enjoyed two years of an extraordinarily Strong Lead Market which has enabled it. To make very drastic changes for the better in the balance Sheet tout As president War pointed out in. Explaining conservatism of the Board in Natter of dividends such strength a reaction has Alread n i Well below their High of december cleaning up the funded of not of the consolidated mining Anc smelting. Company of Canada limited was decided upon at. Tho annual general meeting of share holders which was held at noon 01 thursday. President j. J. Warren exp Alne. That about of 7 per cent Bonds Are now outstanding. These Are redeemable at 110 on 1 1925, and if not redeemed by july 1 1327, Are convertible at the option the Holder into Stock of the company at Par Tor Par. Or. Warren pointed out that for Many reasons it would be desirable to Clear up the funded debt As Tho earnings would then be available entirely for the stockholders. Financial arrangements had there fort already been made he said to redeem the Bonds on july a but the of interest to the shareholders to offer to redeem the Bonds on an Exchange Bapis for Stock on a reason Able basis. This basis As suggested by the directors and approved by the that bondholders should be offered two shares of Stock for each Par value of Bonds. The directors elected for a two year term were j. J. Warren c r. Hosmer j. X. L. Boss a c. Hodgson and w. L. Matthews. Those elected for one year were h. S. Osier e1 g s. G. Blaylock and Henry Joseph. Tax Sale rum handed Down in a1serta courts when caveat is filed notice of impending Sale must be sent to owner Winnipeg electric by 41 Money on Call. V Tims. Sterling Cable transfers x. Y. Actual. 40 5 478.68 478% 263 50 Quebec by. J Teel of Canada com Toronto Street by 44% 90 180 83 180 138 90 133 8414 117 198 193 187 245 235 19714 110 49% 141 50 103 45 12 sixties Montreal rate 475.55 j1oktbeai, sai05s reported by Mono Gall Cowans Montreal. April Atlantic at 28 a 140 i at 50 50p at Brompton at 25 at 2sh Canadian Industrial at 10 at can. Steamships at 44% can. Car at 46 sol at 45 can. Car foundry at 83 consolidated at 62-" in no r 111 Dominion Glass 15 1st . 25 it. Dominion textile 25 at 70 20 at 82% 70 178 179% 136 8s 137% 84 112 special selected Canadian Rye whist government supervision the Quality Hist of Canada since 1859 Montreal at 17954 365 at Asbestos com. 35 at 65 25 at 66s4. Asbestos pad. 40 at 91. National 25 at 48% 215 at a it lbs 25 at 66% 245 at 66 Oil Lyle 10 at 138 25 at 137. Ottawa Power 10 at 98. Mckay co. 5 at 116 Spanish River pad. X at 119 that Minisan 35 at 137% 160 at 1s8. Teel of Canada 10 at 84 i. Dominion Baldre 70 at 170 at 90 30 at 60 at 9014. War loan. 2 at 102.40. Bank or 25 at 245 w. Royal 29 at 235. Banc of Commerce at 199 4 Winnipeg 5 at 150 at afternoon sales. 93 138 217s 60 44 a 40 60 it 90v. 30 62 Zzz z6, 75% 27 49 39% 58 5s 61% 86% 40 a 40v, of form 70 45 14v4 82 114% 114% 114% 26% 26% -56w 70 44v4 14 70 a 45% 14 a Sloss Sheffield . Steel Vanadium Stubber stocks Fly co bub. Co. 1214 12 a Goodrich 53% . Kubber -3914 stiff or stocks an. Sugar co. 66% cuban an. Sug. 29% Alerc. Tobacco stocks a in. Tobacco Tob. Prod. A 9814. . Dry gds. May. Dent. Uto Tirom. Ward. National drus huh be stores try Roebuck Woolworth Trulillo an. Tel. Los a. 133% an. Tater we 46% 46% Bretn Man trans Columbia Gas b7v. Cons. Gas 76% 76% pub. Scr. . 70 14 Winnipeg Bank Cic a week ending i gg2.647 Over tue Fig i week Lasi Cle Gronlu bearings increased other cities to show larger clearings Are Peter Ilton Windsor Brandon Loose . None of the decrees Irr proportions Moncton Quebec Sher Broohu. Montreal Ottawa ,._. Peterboro Toronto Hamilton Brantford London Kitchener port we Iii m Brandon Mooso jaw Saskatoon Prince Albert Lethbridge Calgary. Edmonton. Me Clec no hat new Weihn instr Vancouver in a earnings 6.715.ss1 1-080.1h t 1925. Have been decrease of s5.020.457 Over the spending period of care Metal Mai kiets spot and futures 50.37, Iron a cmdr prices Ira changed. Easy to s.25. Zinc steady East St spot Anil 7 15 to Mony spot ii 50 to 13 j5. At Copper by 2s go futures. 2s 6d. A Tro Lytic. Spot futures tin spot 6d futures futwe5 7s 6d. Zinc. Soot 6d. Zinc 17s. 6d. Canadian mining stocks april 9 Price. Osier Hammond j 12 a 5iv4 38 66% 42% 88 Ssu Allied chem. Allis Chalmers. An. Can. Co. An. Express an. A Colens is Iron r be cent. Leather Oca cola. Pm Golem Jorn prod Davison chem. 3upont 189 189 105 104 a 105 47% a.6vf 47% 120 a 121. 110 110 153% 154 e3i.i 15311 1177t 11b% 118 46 37 it 57% 76% 6611 85% 84% 70 "4 78 4 78 a 165% 165% 16t a 56 39v, i 170 i 169 i -.171 95 7, 34 34 h 38 55 35 us 144 144 9h4 35% Pennsylvania which new Low record for the at and then rallied to Oft on the Day was in reflection of the relatively poor 19s4 report which showed earnings of 32 on the com Mon As against earlier estimates of Over Chicago and Northwestern preferred dropped two Points to a new pm at 105 on a few sales. Most of the other Active rails yielded fractionally another bullish demonstration in general electric sent that Stock up More than five Points to but it slipped a Back. Later to Call Money held steady at 4 per cent. Time Money and commercial rates Wera unchanged. Total sales shares paper police rout Indian robbers. London april 9 Dabolt is re ported killed three wounded and Burma Ollow Ingr a clash Between police and several. Dacoits murderous Indian robbers who act in who had invaded a rubber Plantation. Endicott Johnson players 94u Riel sch test. 78% Geu. Asphalt 48 Gen electro it nor Ore int Harvester ind alcohol int Jer mar Piffl int. Int. 49 4is 9ss4 55% 94vt Nickel 23% paper North an co 45f. Ship head. Coal. Plots Burin Coal radio corp. 54% Simmons co 34 264 a Sto i is s a 28 81% 82v4 23% ------103 81 a 82 28% s3 50 h 44% 46 54% s5h 34% Texas Gulf sup. 103h, 10-Ivi 103 Worthing. 47i 67% Westing else 68 68% 61 j4 Bank of England. Canadian press London april a. The weekly state ment of the Hank of England shows the following a ranges in pounds total Reserve Deere ised circulation increased Bullion de creased other Sac rules de creased 10.4s6.000 other deposits de creased. Public deposits de creased notes Reserve de creased government Securi ties decreased the proportion of the Reserve to liability this week u 21 is per cent. Last week it was 19 9? per cent. Rate of discount five per cent Argo sold 34 to 25 Beaver 26 to 26 a Clifton. 12 k 11 Cam re serve. 35-14 to 36 Castie 27 toys dome mines. Indian. Dome consolidated 16 to Everett s5j to 8 Hollinger. 13.75 to -kbwaio1, 38 to 40 Keeley 202 to 205 Montes corporation 280 to 280 new Ray 23 to 2314 tech. Hughes. 136 Salces 32 to-34 Temiscaming. 20 to 21 Vipond 114 to 116 capital n to it Premier 250 to 253. Tenders for grading and brushing sealed tenders will be Lecei cd by the undersigned until twelve o clock noon. April 1325. For Cradle no and brushing grading 19.030 cubic Yards. Brushing approximately 12 Cartt. This work is in Small lots and prospective tenderer May obtain tender forms and information by the . Lowest or any tender accepted. Tenders my. Be Mccon mailed by per cent of the local pc Ooi Ait. Of to tender. R. J West held Rural Jim Mouatt of Minitonas Minitonas. Manitoba. Elevator construction tenders for the construction of thirty 30 Modem country gators of about Bil Shell each to 111 be received at the head office of the undersigned up -0 including May 1st 1925 specifications together the hat of Sli tons at which elevators Are to m located. Can be secured on elevators completed Ajuste Enders May be submitted for units of five 5 or More elevators Pool Eil Evator Union Bank Buu dins. April 2nd. "1325 tenders Bural Munici parity of tenders will be received by undersigned us to 12 o clock noon. Yonl 17th. For Dri Iline off it Sway a throne Hout Ore plan 11s5. Oar the lowest or and tender not warily accepted. Xiv h beaches a Sec treas. Moty. Of Row. Rosser. Man. Real old scotch produced in the finest distilleries in Scotland and matured for Many years in old Sherry casks Gilbey s spey Royal fulfils the demand All who insist upon the finest and oldest scotch whisky pro curable shipped at fall pre War strength. Bottled and guaranteed by w. A. Gilbey Glen spey Glenlivet distillery Scotland see liquor store Price list f or Gilbey sports Ginbey s sherries. Gilbey s London dry Gin. Gilbey a Jamaica ;