Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 11, 1925, Winnipeg, Manitoba 16 Manitoba press Winnipeg saturday april 11, 1925 Money and business Many tourists visited Winnipeg during past year More attention being paid to possibilities of tourist traffic prospects Bright to recent Canada As a. Whole Lias been giving increased attention Tho developing of tourist traffic. Particularly a Lucius the summer . In Manitoba this phase of the developing of the country has not received As much attention us in some of the other provinces but during substantial advances wire made in this direction. While no definite policy was Laid Lown by either the provincial or the municipal governing bodies of Manf Toba leading citizens in Winnipeg ind inter in the subject and a Start was made towards attracting to this province a portion of the flood of automobile tourists travelling through lie Northwestern states. Considerable Success accrued to Tho efforts put Forth in this direction ind through Emerson alone approx nicely touring automobiles entered Manitoba during 1924. Through Lis port alone approximately i jurists entered the province and it estimated that automobiles carry from to More entered tic province through other gateways. About one half of the visiting cars Caine into Winnipeg the balance yeast erect to various parts of Tho province staying a few lays Here and there or passed right through into or Corn in from the West continued their Jonroy Bach into Tho United states. Tho people of Manitoba Uro n by aware of the value of this tourist traffic and this fact being pressed Homo upon the provincial Lead to the com Nance mint of what is hop ocl will be an Active and aggressive Road policy i a without Sood roads the automobile . Cost. Wei sacrifice whole merchant Marine move of Coolidge motive by Economy but . Flag May vanish frown seas John Mceachern of the Bank of Montreal who re places Jackson Dodds As superintendent of Manitoba branches. Mer Outing. The motor Al ready has sent out vast fund of information in answer to individual requests and when the maps and hides arc ready these will tie sent to every touring organization to the South of tie line. When prospective tourists Are informed that a a Goodall weather Road exists from the inter National line to Winnipeg the prospects for ithe tourist traffic into Manitoba breaking till records Are Bright. It is estimated that the value of tourist traffic to Canada is in excess of per year and in this connection Tho financial Post says a Good Many estimates Are made of the aggregate of american invest ments in Canada but it is practically impossible to Frinc. Absolutely accurate fish Wircs. However one is Safe putting it at approximately of this probably be tween and to Irist will nut visit any Community. 000 Lias i ome in cd urls the last 11 ind in this respect Manitoba Lias been seriously handicapped in Tho past. Tho fjord Highway has Only been passable in line dry weather but this defect la Beins remedied and it is expected to have the Road in first class shape before twin full tide of tourist traffic be ins to flow in 1925. Many seek information already the Manitoba motor league to which organization the visitor from abroad has to look for touring information in this province has received req oils for in formation. In the absence of any years. Add. To this the fact that americans according to government officials arc spending Over a year in this country on travel and shopping will he seen to what a Large extent Ameri can Money is bulking in Cana Dian business life. Proverdi Keiit body tourists pay it Back paradoxical As it May seem it is pointed out by some of Tho Best informed people on the tourist Busi s that in reality the americans Are not taking away much of the very Large returns from their Huso investments. They figure it out tills probably ported in tin guide Hook Are in the course of preparation and will be available by Tho Tho roads Are fit for travel. The of Tho. Tourist traffic in expected from the United slates and car owners in All country. Sections Are preparing-1 for Tho no doubt that this View looks reason Able. England s Best Means the world s Best. Royal Sovereign pencils owe their perfection to More than 125 years experience of Pencil making in England. No foreign Pencil can them in durability of Point or smoothness in writing. In All degrees and copying. From your stationer. By tie Royal Sor Greij n Pencil co. Ltd , . 10, London eng. Here very Little concern is Felt Over the possible effect of these in vestments on the political future of it is pointed out that annexation list feeling was strongest Whon he country was Liard St up. It is also remarked that after spending j millions or advertising. Canada j millions or advertising Canada us i a sit Ranee proceeding to discourage i the placing of american capital Here Ono thing is certain that is the i country boing fully ulivo to thu advantages of Iho Loi Trist traffic is certain to exploit it to Tho fullest sex i tent. The transportation hotel and summer resort people to nay nothing i of those generally who have some i shins to sell look upon this business j As found Money. And they Are right. They Are pretty determined to i keep the flow going. The incoming i from the other Side is sure to to accompanied by considerable investing. A profitable business Thorn arc thousands looking to he Lour fit Liu siness As the one Means of yielding them a Sui e and . These people Rea son thai. I lie Domestic demand for what they have to poll is not Irr owing anything like Limey Litu Iffla it would and they do not look for any increase for n while. Consequently they look on this source of Rev Enue from tourists As a Crl tatic s of Hend. Australians and sealanders who pass through i Here Marvel at Tho Inise Yum Money that Canada is ice ivling through american tourists they arc Quick to Keo that in devel Oping this kind of business they Are so far off the direct line of the world s travel so fur from the coun try Whoso people have the Money wherewith to travel that they Are outclassed. One of. Them Here recently expressed Surprise that can Ada could borrow Money at t per cent cheaper than these dominions could. Of course the reason is that this country lies right next to the cheapest and most abundant Money Market in the world. Through its work in developing tourist traffic Tho National Parks Branch Here has showed itself to be one of the most business like in the whole government service. It has hit upon Gold nuggets just As truly As he miners in Northern Ontario Lave been by Tom King. Washington april la. A squabble Between two shipping companies each eager to buy at bargain counter rates five of the finest vessels or Tho . National merchant Marine draws Public attention to the avowed purpose of Tho Coolidge administration to retire As soon As possible from government ownership and operation ships. The five vessels recently so by tie shipping Board to Tho Dolla Syndicate for five million dollars said to have Cost Tho sover men fully thirty million dollars. But it is Good Sale compared with Many other that have been consummated. There no doubt that the entire Fleet will b disposed of within a Short time matter what Price is realized. There is a suspicion that the govern Merit of Tho Day would be rather Gla than sorry if Little were realize through the Sale of Tho ships Upo which Tho Wilson administration sex some three billion dollars however the Novins purpose is t have the government go out of the shipping business As soon As Possehl no matter How Little May be Salvagni from Tho huge capital investment this might in the Long run spell Leo Nomy As the. Government Morchan Marine has been operating at a loss hut the trouble is that the destruction of the National merchant Marine maj result in the disappearance of Tho american Flag from Tho High seas. Pur chasers of Tho ships arc required to a time to keep them on american Register hut business reasons Wil prompt their Transfer at the garlics Opportunity to foreign Register. Doubts Wisdom of move. No doubt american Commerce can be More cheaply carried by British than by american vessels and sur rendering this carrying Trade to Brit ish ships will undoubtedly stimulate american exports to Tho British Empire. By the same Token it Inay be that having american Commerce car ried in japanese instead of american vessels on Tho Pacific will prove economical and stimulate exports to Tho Orient. Prior to the world War the univ states was entirely satisfied to have her seagoing Commerce carried by foreign ships. However the War taught the lesson that a nation like the United Stales must Hove a merchant it is necessary for rom Merce and essential for War. Some such Marine will undoubtedly have to be established Ami in Tho Nind at great Cost to the Treasury. Another govern ment owned merchant Marine May not be created out if not then minions upon millions will have to to paid annually by the government for ship subsidies. President cooler age s policy of destruction is unaccompanied by any constructive policy like the Harding proposals for a ship subsidy. He is leaving to some future president he difficult problem of Crea Ting and main Taining an american merchant Marine. Grain car loadings in Western Canada Canadian mine stocks better received in London table London april Canadian mining Market shows some signs of recovering from the severe Depres Sion it has undergone Here. One financial writer Here who is always to Flay unsound positions says it is a pity and unfair that one or iwo disappoint ments should give any Market a bad name and divert attention from shares of a. Legitimate mining Enterprise run by men of experience but when there is a i Ninino fiasco somewhere Many people tar the Sood As Well As the bad with the fruit growers make ready to fight Combine Active loading of Grain cars at railway Points in Western Canada fell off at this endow of cont null a till the end of december As last year. Loadings in january and february though same As usual kept a fairly Good level for the time of year. In Tho two months this year there were care loaded As against last year and 20 823 the year be fore. Stocks and shares on tie Montreal Stock Exchange week s trading Slowi upward is up .5.2 per breweries is Active is strongest Stock. Special despatch to the tree Prwivo Montreal april moved in definitely upward manner in the on Tho local Stock Exchange during this Short week made up of Only four Days with some really wide Idva Noesi recorded in quite a number of issues. Volume of business exceeded the previous full week while the average Price of Twenty represent be stocks made a net gain of .62, open is the period under review at 76.2s and closing at 7s.so foreign exchanges Verc slightly easier while decided strength was exhibited in Tho Grain markets. Bank clearings of the principal can cities last Wek showed an in Rease of 10.9 per cent Over those for a Coati spending week of last year. Of the forty live stocks that were rated in to the extent of 100 shares or Var during the period under review i Twenty six gained ground with the greatest Advance one of u 3-s Points fourteen issues suffered losses with Tho greatest recession one of 13 Points while five stocks remained unchanged from their previous closing prices. National breweries with a turnover of shares was Market Leader in Point of activity and closed at 50 for a net gain of 3-4. Second in volume of business came Montreal Power with shares dealt in and closed at Iso for a net Advance of 3 1-2. Atlantic sugar came third in activity with a summer May see tooth and claw combat of against Nash interests by s. W. Dafoe Penticton april 10. Receipt from Tho Dominion capital of Tho printed report of the Duncan com Mission which inquired into the matter of. The marketing of British Columbia grown tree and Bush fruits has caused the fruit growing areas throughout Tho province to fairly seethe with excitement during the past month. Tho wired sum Maries of the report from the Capi Lal were confined principally to the Broad findings of the commissioner to Tho effect that the Mutual Nash interests constitute a Combine with n the meaning of the Law but did lot contain the correspondence by Tho managers and other officials of the various fruit houses and the. Evidence upon which the commissioner based his condemnatory remarks. Tails correspondence and evidence has been appearing in serial form almost in the columns of provincial daily and. Weekly newspapers hence the excitement referred to and the passing of resolutions at gatherings of fruit growers calling upon the Dominion government to take proceedings against the alleged offenders As Well As to carry out he recommendation of commissioner Duncan to Tho effect that Par lament should forthwith pass legis action making it impossible for Job ing houses to establish brokerages. The attitude of the commissioner and with it All fruit producers agree was that the fruit broker is the Elling agent of the producer or hould be and it is wholly to the disadvantage of the grower when he works in the interests of the Job ing end of the business. The re part makes it equally Clear that a brokerage firm owned and con rolled by one set of jobbing houses Annot to expected to Deal fairly Voth other jobbing houses placed in he position of having to look to pm for supplies of fruit during he Selling season. Must break Combine obviously it will be fairer to everybody concerned including the onus Ming Public when All the Iob Ling houses will have Tho Opportunity to Purchase their supplies from brokerage houses owned and con rolled by the grower s organizations and whose Manifest desire it will be government Bonds Allan Killam Mckay Ltd 1933 . 106.45 1934 104.10, 1937 . 108.80 War loan Bonds 1925 _ 100.40 1931 102.00 1937 104.10 renewal loan 1927 102.00 1932 103.50 refunding loan 5 1928 100.90 1943 102.25 refunding loan. 1944 96.80 All listed aaa by Moody 4.60 4.62 4.57 4.75 4.96 4.78 4.82 4.75 treat All classes the same basis. Of wholesalers it is for this turnover of shares and closed at reason that growers Are particularly anxious that parliament at its present session will make Lobber 28 3-a for a net gain of .2 3-4. Consolidated smelting was the Strong feature of Tho week s list Clos ing at 65 1-2 for a net gain of 5 3-s pc ints with trading in shares. The greatest loss was suffered by Dominion steel preferred which closed at 25, Oft 13 Points in a turnover of Only 165 shares. February Bank debits Are greater Becker Bond holders May receive forty . January increase of one per refit. Over january Ottawa april Bank de its charged to individual accounts i Tho Clearing House centres of Canada As reported to the Domin Ion Bureau of statistics by the Cana Dian Bankers association aggregated in february 1925, us compared with in january 1525, which was three Days longer sad in february 1924, which was one Day longer. In comparing the above figures with those for other months it should tie that february is not _ shortest month of the year but As judged by the Bank of the past ten years nor Mally dullest. When correction is seasonal variations to debits in february 1925, increase about Otic per cent Over those sugar beets in . Ontario remarkable growth of Industry in last Twenty years the development of Tho sugar beet Industry in. Tho counties of Kent Lambton and Essex stands out As associated i Russ despatch London april 10. _ the assets of and company makers came o grief in 1823, provide at for the payment to Tho six per cent. Holders of five shillings the Pound. The ultimate Realiza nil l probably a further the and a. Half shillings. Tho cent secured note holders Are to receive three so things in t he their Security Pound. Consists of i Ulp and pm Var und wheel ice anything can be recovered depends upon the scheme formulated for tie re organization of the Chicoutimi unil paper company the Saguenay company and other Allied com tie trustees of Beckers liquidation carers Tho note holders a Virv cell la opinion As to getting anything More than the present to vice shillings in Tho Pound. Those shareholders Only Imd one dividend when the company Vas existence. Money in your pocket to is a Universal experience that dollars decrease in the pocket. They increase in this Bank and the increase is yours. Make a savings Deposit every pay Day. A savings department at every Branch. The Dominion Bank established 1871 Branch r. K. Bin frito Iid bran Elres 48r Money at work the big Stock operator May Mak big profits but his risks Are greater Foo Foo so to a co. Stock. S a is i Why huge paper prof psf Haro on a rising Stock Market the Little fellow can realize 100 per cent Cash on in paper profits because amal holdings can always be sold at the top. The big fellow can t sell out without breaking his own Market. For several months we Irve seen reports of i hour so and so the con Rollins stockholder of some com Pany. Has in ado millions in the Stock Market. 4ccordlng to the reports one could almost see or. Millionaire Selling stocks at too top and Araw ing. Down Huse sums of Cash to de posit in nig Bank. In the first place if a Man has enough Stock to Elve him control of a company that amount of Stock dumped Oil the Market would so swamp the. Demand for the Stock shot or c8 i i3 tha Case that the big Holder does not want to sell out hta Peir hapa Lle never i h up that to l the Man thou shr has an difficult r to do even for a profits editors. Inc one of the most successful develop ments of natural resources in. On Tario. Prior to 1902 some Farmers la that part of the province were engaged in. Growing sugar beets for refineries operating in Michigan but upon realizing the possibilities of the soil of this area for the culture of this commodity and the Opportunity for increasing the Domestic production. Of sugar some enterprising canadians were successful in securing capital in substantial sums for the erection of a beet Sugai refinery at Wallace tire. This Plant with a capacity of tans per Day was placed in operation in 190-2. The original undertaking his since expanded and the company has. Been operating another refinery with a capacity of tons per Day in Chatham since 1916. Today this Industry forms a very important feature in both the agricultural and Industrial life of Western Ontario. Its May be judged from the fact that the area planted to sugar beets has increased from acres in jews to acres in when a Gross Revenue was realized of. Approximately Tho production of sugar amounted to about pounds at an Esti mated value of this is an outstanding illustration of the importance of manufacturing finished products from native resources at Home and in that Way distributing a fair proportion of. The increased value among Canadian citizens says the natural resources intelligence service of the department of the. Interior. It furthermore demonstrates the such Cess that has attended the efforts of those who initiated the culture of this product after a thorough study was made of. The suitability of the soil or the production of special ducts and Tho markets for the re fined products. Bond prices april 11. 1935. Allan. Killam t Mokay Ltd. Lurlah he fallowing Bona quota Lons i prefix letters arc m bloody s Rattan. A. Alberta 6, 193 a Alberta guar. By i 1 Belgo can. P a Btu he col., a Bell no uni Lela .__10s.4s .5.00 . 93.15 5.05 1943 10o.oo 6.co or. 1937 87.034.90 la. Can. Pac. By. 3944 95.25 5.00 a Dom. Of . A Dom. Of Canada 37.00 4.7o a 101.75 4.8d _ or. 6. 1949 100.75 5.9s us 1 96.00 6.30 i Miju i i to per. 1946 100.50 6.46 aaa Manitoba. 4. 1947 -1 5, 1943 Tifre. Taxes ---------------102.00 l pwr., 7, 1941. 103.co 6.70 Tram. 5, 1985. 91.35-s.6i. Tull. It 19m 100.00 7.00 Ontario 5, 1948 101.75 4.85 Hydro 5, 1939 101.50 x Ottawa. His per. 1953 100.00.6.50 i Montreal Power x port pulp it j m3 91.00 740 schools 5, 101.00 4.97 Lotf e Power 6, 1953 102.00 5.85 x Stewart term., 1933 99.50 6.60 Ltd 654. 1945- 99.00 6.60, 1 Laurence p 108.00 7.15 99.00 6.60 9s.80 6.11j owned brokerage houses illegal. Such action on the part of the Dominion House. It is stated would not be seriously detrimental even to the Nash wholesale houses. It would but place them on the same footing As other wholesalers in that they would be compelled to turn to the brokerage houses owned by the growers for of British Columbia fruit. On the other hand should Parlia ment not act this session and the Biu Tual Nash brokerage houses re main in the held the Selling season is liable to witness a life and death struggle Between. British Columbia growers and the american owned Kali houses who will fight the growers with importations of can fruit. Tho Vancouver province comment this aspect of the matter re Marks the impression is growing among fruit growers and fruit Deal ers in British Columbia. That the coming summer Valr see a hard fought Battle Between the British Columbia growers and the Nash Mutual interests the prize Market of Western Canala. The Nash people severely criticized in the Duncan report and threatened with prosecution As an alleged illegal Combine have evidently no intention yielding any ground they Aro not driven from. They have Over eighty wholesale houses in Canada and a. Very Complete and efficient organization 1c the Brit ish Columbia growers refuse to sell through the Nash houses they will have to sell in Competition with them competing produce Oil course can Only come unit cd states the British Columbia while working As they thought in co operation with the Nasik interests had a taste during the last year or two of the methods this american corporation employs and they May be sure that in claw they will receive no Quarter. Or. Snow s the Vancouver manager letter justify ing the employment of every crime abort of murder is recalled. In a Battle Between an american corporation and an important Canadian in la no doubt As to where the interests Canadian people should lie or As to what the Atti tude of Tho Canadian authorities should be. The Canadian grower has an up Hill fight in any Roady to fight the foregoing excerpt from Tho province will make it Clear that fruit producers of British Columbia Are facing a stiff fight for existence against a. Great. American Corpora Tion but that they will to greatly strengthened for the fray if Parlia ment Falls into line with commissioner Duncan s recommendation and makes illegal jobber owned broker Ages. President b. J. Chambers of Tho associated growers of British Columbia is a hopeful of the Success of the plan of grower owned brokerage houses for the handling of the vegetable crops on Tho Prairies. By them he says the Ducer will be brought into touch with the consumer and a. Considerable the middleman s profits eliminated by Selling through Tho associated s own representative. This in the opinion of or. Chambers should be a considerable Factor in contributing towards a successful year in View of the excessive profits of the Selling agencies that have handled British Columbia fruit up to the present time As revealed in the Duncan re port which Lair. Chambers describes As the systematic robbing of both producer and consumer in support of the Contention that even with the Short crop and the More favourable marketing conditions of the past season net returns to the grower of most varieties once More below Cost of production i will quote the net average returns to associated growers of the pen to Cyloa local As revealed at the an Nual meeting held Here within the past few Days Mclntosh Ileda 73 cents per Box jonathans 59 Spitz Enberg 89 delicious wine sap newtons Rome Beauty 83 Winter banana 71 Grimes 21 Northern spy 78r" Stayman we Neap 02 yellow transparent 72 wealthy _6t via Tii ors 41 Arkansaw Blacks 55. Iff Cost production was estimated by provincial government experts a years ago to be per Box but it is probably from five to ten cents Toie Ruit is that the fore going prices were received for crop that was Only fifty per cent o a average crop and that Tho Smalle prices mentioned were for Tho Varl Etlea of apples making rup the Bur of the can be realized Tia the sales Agency of Tho grower has some Job ahead it to place the fruit business on a sound basis. Present indications Are for a least an average crop Apple throughout the Okanagan Valley thl year although some varieties Iver seriously damaged by heavy Winte frosts More particularly in the Northern end of ther Tatloy. Parthe South it is quite apparent at the time that tha peach crop was so badly hit by the Frost tha British Columbia peaches will b. But a very Small Factor in Tho mar Ketling situation next autumn. I Washington and Oregon peach Orch Ards have been As badly hit then will be a dearth of that class o Pacific coast. Apricot will also be a Light crop while pears have suffered much damage. Cher escaped the ravages of Frost l a considerable degree while plums will probably be a fair crop. My owe Britain two billion pounds Russia is greatest single Debor of York april indent Ness of Tho Allied governments to great Britain for War Loans amounted to 2. Pounds Sterling an january 1, the Bankers reported today. Of this amount pounds represented principal and pounds interest. Russia was the principal debtor with pounds charged against it. France second with gs2.500.000 pounds and third with pounds. Canadian fires loss in March is in Natline pcs Pateli Toronto april 10. Fire losses in Canada in Larch Are estimated by the monetary times it com pared with in february and with in March of last year. Tho March losses in Western provinces Are Alberta ?2-i.500 British Columbia Manitoba Saskatchewan ask for Reliance Ink its smoothness and Richness Wie Delight you. Tie Ink you can be y on. Big decrease in unfilled orders Oft Heltorp. Unfilled tonnage is smallest since last August decrease is in Assoc Latort Sci Patch 1 5 York april Orfe i of the United states steel 4 on March 31, made Public today to i tailed tons a. Do crease i tons compared with the i i the preceding month. This decrease the i orders to the Lowe it level in col end of last . When Tho p was and ends a string of if creases which began last August. Tj7 ii filled orders at the end of March were tons. Should Forward coupons Swift current siask., Morsit s the Secretary of Swift Curvat debenture holders committee is Beon advised that some holders a debentures issued by the City s i Swift current an Swift current i Public school District have not i yet forwarded their past due turns and coupons and those Ramatu ing up to Dee. 31, for exc Hank j into certificates of indebtedness ii accordance with agree wac tween Tho City and school District and their creditors. Upon Forward ing their holdings As previously planned debenture holders will it Celivo certificates of indebtedness Ais a Cash payment on account. For income and profit april funds can inc invested safely to give an attractive income return in Bonds and preferred stocks selected from the current Issue of investment Cecotti emendations. Be copy free pm request. Corporation limited sat electric Hallow Chat Baa Winnifer. Mfr we Husth St. John Vuc eur Money to Lom on modern dwellings in Winnipeg. Canada landed National investment co., Ltd 200 Nanton bldg. Portage at confederation life building i for rent one or two desirable s offices splendid Light Al ele 0 valor service and Good vault accommodation. Inspection invited. Apply building manager f office no. 607. Phone n6635. Osier Hammond Nanton limited established 1883 Winnipeg stocks and Bonds insurance representing Law Union and Socle insurance co. New York underwriters Agency. Western Assurance co. Queen Assurance co. Northern. Assurance co Ltd. Guarantee company of North America. Alliance Assurance co., Ltd., London England. Mortgage investments representing Law Union and co. North of Scotland Canadian mortgage co., Ltd. Dominion Canada investment and debenture co., Ltd. Osier and Nanton Trust co. T. A. Canadian government municipal and corporation Bonds Wood Gundy co., limited Toronto Bol Diac mob Woji Winnic Sta blow London. Oat to Tebou a 2sm-s St Surat cd St the 6u cd i to of Lai Clark Martin co. Stocks Bonds and Grain direct Privati wire to principal 232 Portage Avenue Winnipeg. Phones a2881-2882. At cd 3 j in 1 ;