Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 14, 1925, Winnipeg, Manitoba Manitoba free press Winnipeg. Tuesday april 14, 192 railway proposed costing to tap territory North of head of lakes and running South to two harbours. News of the business world Trade and Commerce mines and the Money markets phenomenal growth of port of Vancouver is shown by Story of last ten years in which traffic has doubled. Lake head is urge building of new railway new York stocks closing bids Clark Martin co. Proposed name is Ontario and Duluth running North to Albany River South to two harbours fort William and port Arthur arc vigorously pc skins the claims of a projected railway to he built from the head of Tho lakes northward. The two cities apparently Are in agreement such a Railroad would mean a great Deal toward their future development and their respective City councils and boards of Trade have passed joint resolutions urging its construction. Copies of these resolutions have been forwarded to Many other Simi Lar organizations throughout on Tario urging your Council and Board of Trade to pass resolutions somewhat similar to the enclosed and Forward a copy to the Premier of Ontario and your Tho proposed Road is shown on maps accompanying the literature As running almost due North to a Point just North of the Albany River while an Extension is also shown connecting port Arthur and fort William with two harbours on the us Ruth and Iron Range railway will Cost the twin cities Are unanimous in asking that a Grant of acres of land per railway mile be granted to the promoters of the line pointing out the costly construction work which will be necessary and that in the building1 the line will be expended to say nothing of Tho country opened up Rich in minerals in Timber and with several Large districts of arable land. The name of the proposed railway is the Duluth and Ontario railway but no mention is made of its promoters. Regarding its ownership a paragraph in one of the joint re solutions passed read and where As the Duluth and Ontario railway open up a Large territory to the North of fort William and port Arthur which is Rich in pulpwood Timber Mineral and farm lands and the promoters of the said Railroad Are applying for a com Rte and land Grant from the province with the idea of interesting capital in the construction of such a railway for the Benefit of the two cities and not the idea of carrying on a Pri vate undertaking therefore tile municipal councils of fort William and port Arthur representing the sentiment of the citizens of the two cities respectfully Urgo the Legisla Ture to make possible the building of such railway by granting Tia charter now Beans applied for under the name of the Duluth and Ontario railway and by giving a. Land Grant of acres per railway mils open Copper an. 93v4 Anaconda 38 do Pasco. 45% dillo 33% Calno inspiration Kenne Cou. 43% Miami Ray cons. Utah kit inroad Atchison. Bait. Ohio can. Pac. Ray. 142 Clies. Ohio 90 a Chic North. 49 i it. Xor. kans. City so la High Valley Misa. Kans. Tex. Mii a. Pac. Tom. Miss. Pac pad. New Haven n. Y. Central 115 North. Pac. 60% Pennsylvania 44 Pere Marq. 6s a heading 73 Rock Island St. L. San for. 65h april 13. 1925. Close Ohleh Low. Bid 94 a 38% 32 93 a 28 45 i 32 a 74% 143% 142 90 u 94% 38 ask 32v. 21 43% 10 ii 32% 85 i 85 w 143 a 90 ii Vancouver has As Ocean port 30 % 74 75% pad. 8% 61% 30% 74% 29v, Lac 61% 65 it 42% 66 9 61 30% 74 32% 74% 74 i 31 32% 74% 29 a 114% 60 60 43% 43% 64% 64% 73 73 42 12 65 a 66 8v, 9 shipping doubled in twelve years vessels entered Harbor in 1924 102% 102 a 10154 102 v4 84 a. 84 84 45 a 44 a 45 i 140 a 14o 140 21 21 z0% St. Paul South. P South Ray. St. L. Southw. Union Pac. Wabash Coin. Wabash a equip. An. Car Fly. 202% an. Loco. 124 a 124% 124 a 24% Baldwin Loco. 114 a Pullman co. 131% 132v4 132vi motor Stock Bosch mag. Chandler Gen. Hudson Hupp _ Maxwell Mot a., 36 a 47% 16% 104 Mack truck 139 139% Packard Stewart win River. 30% 1 45% 3 6 104 Studebaker Timlic. A Lar. White motor Willys Over pad Oil Calif. Oil int. Marland Oil act la Oil pan. An. A Phillips pot. Puro Oil. Royal dutch Sinclair cons. Stand. Ollo Cal. Stand. Oil of ind. Stand. Oil of . Stand. . Texan . Vacuum Oil steel stocks an. Steel Fra. Both steel Colo. Fuel Iron Crucible Gulf states steel rep. Iron steel Replogle 60 i 40% 61 90 a 30 27 a 64 23 i 36 ii 40% 90% 28 a 23 a 36% 76 a 39 ii 102 a 13814 4414 40 h 61 30v, 64 2b 35% 75 50 a 58 63% 41 a 87 40% 34 66vs 70 44 14% 5o a 50 19 a .19 v 56 61% 41% 41% 44% 87 61% 4114 41 u 44va 86 a -11% 34 70 44 a 15 66% 69 43 a 14% soy 36 i 71v, 47% 16% 138% 22% 59 a 44v, 40 00 30 28 64 33 3a 36 a 55% 75 39 a 27 50 5814 61% 41% 41% 44 i 48% 41 67vi 69 44. 14 a Sloss Sheffield steel 114-% 11514, 26% 26% 2614 26% new Industry is begun on Vancouver Island a. H. Carter Well known fertilizer manufacturer has organized the is i Ranza fisheries limited aay tie Vancouver Sun. Ana has acquired a 20-acre site at Esperanza Inlet on the West coast of Vancouver Island for the purpose of erecting a modern Plant for the reduction of fish meal and Oil from pilchards and also for Saltans Herrings and Salmon. Soundings of the Inlet Are now Beltjr i Ade and construction of wharves and buildings will be started before the end of april. It is planned to begin production in july. Large increase in Edmonton s will rate Edmonton s Mill rata for 1925 will probably be 46. Compared with -11 in 1524, according to estimates on cur if it expenditures submitted by Tho commissioners says the Edmonton journal. This year s tax Levy is estimated at which however includes deficit of s1s2.45from tha Levy last year was for general municipal purposes the net amount required is estimated to be compared with last year. This rather clearly shows the efforts that have been made to curtail controllable expenditures this year service tax yields Early a Revenue has been realized by Calgary from the 1924 ser vice tax to Date. This amount represents Between 98 and. 99 per cent of tre tax collectable from last year s 1 confederation 1 life building for rent one or two desirable 9 offices splendid Light Al ele n h Vator service and Good vault accommodation. Inspection in s voted. Apply building manager 5 office no. 607. Phone n6635. I Vanadium _ rubber Fluke rub. Co. Goodrich 53% . Rubber sugar an. Beet Stigar 40% an. Sugar co. Cuban an. 29u Cuba Cane sugar Janati sugar Punta Calogro tobacco. An. Tobacco too prod. 74 a Toh. Prod. A1 kept. Asao. Dry gds. May dept. 106 Montgom. Ward 4b Nat. Drug 123 Sears Roebuck 155 a 53% 39 i 41 a 71 50 a 1zv, 52 s 38% 40% 67 29 a 49 14 323 i 156 106 43% 155 119 41 i 70% 304 50 43 a 88 u 98 .4 107 48% 15s 119. Iann. Tel. Tel. 134 _ bran Man trans 33 Columbia gag 56 cons. Gas 77% 77% pc. Gaa elec. 105 pub. Serv. . 67 miscellaneous Allied chem All is Chalmers. 79 79 an. Can. Co 167 170% an. Int. Corp. 33 a an. 39 41 cast Irron papa. 172 a 172v4 170 cent. Leather s6 a 77 h 105 a 67 84% s4% 78% 78% 98 a 33 a 61% 35% 34 a 170 16 coca cola 98% 99% Congo Loum co. 34 34 Conlen. Can. 61 a 62 Corn prod. 38% Davison Ohem. 34% Dupont. In Alcott John. Fam. Players 95 Fleisch. Yeast gon. Elec. 270. 272 a 270 int. Harvester 103% 103 a 104 ind. Alcohol 81 a 81 pm i int. Nickel 28% 29% 2au int. Paper 53h i 11 co. 45% 45v, 45h, 85" 98% 33 a 62 38% 341.4 14s 97 78 272 North. An. Phil read Coal radio corp. 55 56 45 ii 40 sufi . Fishing improves positron during 1924 the steady Progress of world Busi ,nes3 of the port of Vancouver is shown by the increase of steamship lines regularly operating to the port. Four years there worn 12 regular lines. In 19-m there were lines in 1332 there were 36. The next Jear the total was 42, which it re Mains today. But the lines have increased their sailings As shown by the fact that in 1922 there were 51 liner ships sailing monthly from the port while Tho liner monthly average was b7 ships. An even dozen years ago says the Vancouver province Prospect Point looked Down on coast and deep sea ships entering the Harbor of Vancouver. Last year the Over lasting Point saw thelps enter. The net registered tonnage total in 1912 was tons. In 1924 it was tons. This gives some idea of the development of the port in that period. Lumber Al ski. Minerals Grain and fruit developed on or through British Columbia have been responsible for Tiu in crease. Mora regular sailings tramp ships mean spasmodic business. Liner sailings mean a steady and assured flow if freights in and out. In 1912 there were 144 deep sea ships entered the Harbor. In 1924 the total of the sea going vessels was the monthly average departures to foreign ports was 12 in 1912-, and was s4 in 1si24. Sailings excluding the tramps which come Light to Load out with full cargoes of lumber logs Metal or Grain averaged 11 each month in 1912. There were two sailings to United kingdom continent three to the Orient Ono to Australia three to United states ports two to Mexico and South and Central America. In 19124 in liner vessels sailed each month to United icing Dom Contin ent 17 to the. Orient four to aus Tralla 20 to United states ports exclusive of sailings to puget sound and one to Mexico Central or South America a total of 57 More than a five fold increase. Prior to 10 20 no accurate record of freight movements by water through Vancouver was kept. Since that time Tho import have multiplied three times and Tho Export six times while lumber shipments have grown from feet in to an estimated total of feet in 1924. American Chain stores wave greater earnings Gross sales of some of the larger american Chain store organizations of the country for March again show in Gre gains in the volume of business transacted compared with the same month last year. F. W. To Shvorth co., Tho largest of the Chain store companies reports Gross sales of for March against in the same month last year a. Gain of or per cent. The s. S. Krege company report Gross sales of for March against last year a gain of or 8.4 per cent. Gross sales of wars reported by the j. C. Penney company. For of Larch against last year a gain of per cent. Large farms change hands at Manitoba contingent great West life regional contentions or. C. C. Ferguson general manager tha great West life Assurance company my. F. P. Hayden superintendent Central division great West life Assurance co., Winnipeg. Stocks and share son the Montreal Stock Exchange optimism expressed us to tone at today s Bridge is hoped of Plum from Montreal Harbor Bridge City troubles May not last stocks Are in Good position. While no dividend will be paid Hie Britten Columbia packing company limited by and from the e past season s Tho company la in a sounder financial position than it hns Ever been. During 1s24 the com Pany paid off in Bank Loans Ana is left with Cash in hand of 000, according to the report of w k Barker president of the company at the annual meeting of the shareholders no id at Vancouver. Fronts on operations. For the Calendar year 1924. Before making provision for of accrued taxes was j . A Oom Dany s last year was cases and about 485 tons of mild cured Salmon. Directors were Ali re elected As Fol lows Macdonald man., april big land Deal has lately gone through involving the Sale of 1.d20 acres fully equipped Northwest of . This land was sold by Stewart Cameron of to some better class mennonites at per acre. Another Deal involving the Purchase of 640 acres by messes. Regan and of Dedham Iowa at per acre was that of the farm formerly occupied by or. Keswick. Two Miles South of aia Dpnald and also the farm occupied by or. Call Ona mile South and three Miles West of Macdonald. American is less. York april 13.-th8 american Public Deot less net balance in treas Ury general fund on March 31 stood at against special despatch to title free 1 Russ Montreal april local stoc Market reopens for business on tues Day morning after a Holiday fou Days. The signs attendant Ripon the resumption operations seem Gener ally favourable. In the two Days which new York was open for business who Montreal was closed a cons Stene Strong tone was shown monday strength being particularly marked. Easter is generally regarded As time of rejuvenation. In Many thing and examination of the trend of the Market Back Over a period of year shows that it is Sel Flom that the Holl Day is not followed by an upturn i quoted securities. The better business Outlook is specially notable in the ease of the Tex tile Mills which coming out of to fran years arc operating at near capacity with a larg 5 Quantity of Busi c their books. The feb Ruai Bank statement showed an abundance of Money in the hands of the Banks. National breweries was one of the Strong spots on thursday advancing 1 1-2 Points to 50 to the accompany of rumours that n. Settlement the Price War would a negotiate Over the Holiday. Of facial advice lat on monday however that no pour have place. A Dominion Bridge advanced a porn on thursday to 91 on a turnover 470 shares. Imminence of the Start work on the new Montreal Harbo Bridge was attributed As the reason of Tho move. understood that tend ers for the Bridge will be called for to Ward the end of this week. S the strength in twin City Rapi transit shares both at new York am hero indicated to some an Early ironing out of difficulties. The chief porn seems to be the difference of fare Al Lowed in St. Paul and Minneapolis Thi february 28, and 31, 1924, a reduction of of the year. From its Peak of 648, August 31, td10, there has been decrease of in Gross Deb to Metal markets associated press despatch new York april steady electrolytic spot and futures tin steady Slot and futures se0.62. Iron easy no. 1 Northern. S21.50 to 522.50 no. 2 Northern to no. 520.00 to ?21.00. Lead steady spot 88.01 to ss.25. Zinc steady was St. Louisi spot and futures 57.15 to Antimony spot 513.50. Curb close. Osier Hammond Nanton Standard Oil Indiana 61% to 62. Standard Oil of new York to 42. International Petroleum 23% to Imperial Oil to Continental Oil 23ii to 235j. Continental Oil rights. 82 to 84. Employment by industries w. H Barker. Vancouver president. Aemilius Jarvis. Toronto c. Sweeney Vancouver h. H. Morris Vancouver t. M. Whitehead Vancouver e e Evans Vancouver e. W. Boll Ris. Bos ton Milton l. Horsey. Montreal Mark Workman Montreal George h. Smith ers Montreal and l. C. Flumerfelt Victoria directors. Osler Hammond Nanton limited established 1883 Winnipeg stocks and Bonds insurance mortgage Loans farm Lane s Grain direct private wire to or Portage Avenue former City being dissatisfied to pay a higher Are than Minneapolis. The resumption of business on the Stock Exchange will take place under conditions not inauspicious for the paper stocks. These issues have Given a somewhat better account of them selves recently. On the new York Market on monday Union bag and paper and International paper were among the Strong spots. There Are Many who feel that inter National s future was never brighter than at the present time particularly in View of the Purchase of the dior Don properties at a. Flure which will place the company in the position of a very Low coat producer. It la Learned that the company will instal four in Stead of two newsprint machines at three elvers. Motor strength is remarkable on . Market l Maxwell issues climb higher by hold full Cain Nash closes higher at 352 associated press new York april Price tendencies characterized the opening new week in the Stock Market. The demand centred largely in the specialities and the motors several of the latter attaining new Peak prices for the year. Fri other weakness crop Ped out in the Northwestern rails. Strength of the motor predicted on reports of heavy Spring soles. Maxwell motors a was bid up nearly four Points to a new High re Cord of 67 1-2 and then sagged to omit 1 1-2 Points from the top. Maxw a duplicated its recent High of 104, but slipped Back later to 103 for a Small fractional loss. Hudson was bid up Over two Points to a. New Fop at 47 7-8. Net gains of a Point or two were recorded by Jordan Pierce Arrow preferred Willys Overland preferred Stronberg Carburettor and the last named reaching the record figure of 357 and then reacting to 352. Leaders Are Strong. Strong buying support made its appearance in american can which was bid up five Points to 171, closing lust below the top. United states steel common closed a Point Hiither at 115 1-s. Baldwin closed More than two Points higher at 115 1-4. American sugar jumped four Points to a new record High for the year at 71., Ludlum steel responded to reports of increased. Earnings by advancing two Points to 25 1-4. Other Strong spots in the Industrial list included american Woollen common and preferred. Famous players general elec tric and. Savage Anns allot which sold from two to five Points above saturday s final quotations. Revival of Selling in Chicago and Storthz Western. Which was hammered Down to a new Low at 47 5-s, took place in the face of reassuring state ments regarding the safety of the div Send by officials of the Road. Union Pacific Southern Pacific Chicago Reat Western and the Western Pacific issues closed fractionally lower. Call Money opened at 4 per cent and then dropped to 3 1-2. Time Money and commercial paper rates held steady. Total sales -801.400 shares. Bond prices april 14. 1925. Killam Mckay. Ltd. Furnish that full owns approximate Bond quota Liona prefix letters Are bloody s ratings Oil leads rating not yet issued. Price Ticla an Alberta 6, 1931 105.49 5.00 r. Belgo can. Paper 6. 19-13 100.00 6.00 As. British 3 a 1937 87.03 4.90 Bel Telephone 5, 99.00 5.07 3 balt Grain 1939 9a.oo 6.6u aaa . Stock 1961 76.31 4.70 asm can. I a. Ray. 4 a 1944. 5.00 Matt Dom. Of Canada guar. . 5, 1954__. 101.50 4.92 a. Duke Price per. 6, 1949. 5.96 aaa. Dom. O f Canada . 4v4. 1935 97.00 4.88 x Essex Border a Jill. Serial 5.50 . Fraser cos., 6, 195097.50 6.21 3 int. Paper. . Funds 6. 1955 96.00 6 30 aaa. Manitoba. 4. 1947. 87.81 4.90 aaa. M.-. Into a 5. 1943 free Rcv. Taxes. 102.00 Baa Manitoba , 7, 1941 104.00 6.co a Montreal trams 5. 92.00 5.55 Baa Moose jaw 5 serial 5.20 Mil. 7. 1938 100.00 7.00 aaa Ontario 5, 1948 101.75 4.s5 x Ottawa. Rev per. 1953 101.00 6.4o x Ottawa Montreal Power 1949 101.006.41 port Alfred pulp paper 1313 . 91.00 7.40 aaa Quebec schools 5, 1954__101.00 4.07 a i Quebec i Oiver 6, 1953. 102.00 5.85 x Stewart term., 6 a 1938 99.50 6.60 a. Saskatchewan. 4 a. 1944. 95.01 4.90 x slips on s ltd., 6 a. 1945 99.00 6.60 a St. Lawrence paper. 1944 6.50 aaa Toronto 4 a. 1931 98.25 4.80 Vancouver 5, 1965 100.87 4.95 x Woods mrs. 6, 1943 96.80 6.3o aaa mpg. Water Din. 5. 1943. 100.00 5.00 in dullest Day Elcee Lecnor Public shows signs of Market on big scale Craft. Dence is growing by Todd w. Wright new York april a mpg. X Winn Western Power 5, 1949. Peg elec., 6. 1954. A w. P 96.00 6.30 93.32 5.5u 6. 1945 103.00 5.73 great West life regional convention 1-he Manitoba contingent of the Grisat West life Agency Force met a the purple room fort Garry hotel yesterday eve ninja at 0 o clock be entertained by where they will the company. principal speakers of the eve Ning Are general manager c. C. Ferguson superintendent Hayden of Central division and or. A. Jar , Secretary and assistant Gen eral manager. The Saskatchewan contingent met at Reg Ina on tuesday april 7. Salesmanship problems and sub sects of an educational nature will a the features the evening. Vancouver building Active. The volume Stock Exchange was a was made in either direction one action hammering away it s in a futile attempt to whole list and Vancouver april per mits for tie Glrst week of april reach a total of this does not include the permit for the Largo addition to woodwards l.td., which will amount and will do issued within a few Days. Rail the a recovery in United states was one of the most of Reass features of the Day because it rated that Faith in the steel Inao had not been destroyed by the is i decrease in unfilled orders rear by the corporation for last Wimch was made Public. It was evident that much of Ftp trading on the conservative was s the account of pools opera time a Industrial specialities. However it also was the Case that c houses which some time heavy Sellers executed bus Jar Ders on monday for Public account in larger volume than at any Nevi Ous time since the recent break interpretation placed on that in the character of trading was it Confidence was gradually Bein stored in quarters where it Hod been badly shaken. The Stock Market also showed i distinct disposition to shake off the wheat Market As an influence. A wheat dropped More than five cents a. Bushel yet stocks advanced. Quality style Workman ship our Spring Stock of imported suiting and Over coatings is now Complete. We would appreciate a Call Duncan Cameron merchant tailor. 307 fort St. Est. 1395 a2725 a sound Public Utility secures these Bonds Northwestern utilities limited first mortgage 1% sinking fund Gold Bonds dated june 1st, 1923 due june 1st, 1938 interest payable june and december 1st, and both principal and interest payable in United states Gold dollars at the Royal Bank of Canada at Montreal Toronto and Winn Ittig i Canada and at new York City . Callable on apy interest Date at 110 and accrued interest on or before june 1st, 1928, inclusive to june 1st, 1933, inclusive at 107% and accrued interest thereafter to maturity at 106 and accrued interest. Trustee the trusts and guarantee. Company limited Toronto. This Issue has been approved by the Public utilities commission of the province of Alberta capitalization first mortgage 1% sinking fund Gold Bonds this Issue _ 8% preferred Stock common Stock shares no Par value authored she. Ironed she. Business Northwestern utilities limited sup plies natural Gas to the City of Edmonton the capital of the province of Alberta Lor Domestic and heating purposes. Edmonton has a Popula Tion of approximately and contains Many Large Industrial plants 26 Banks Parlia ment buildings and the University of Alberta. It is an important railway Center served by three transcontinental lines. Owing to the Geo graphical location of Edmonton it demands fuel for heating purposes seven months of the year. This was the Only City of its size in Canada or the United states without natural or artificial Gas until the instant Amon of the present Plant. Property this company owns Gas rights underlying valuable acreage in the Viking Gas Field. On this acreage 10 Wells have been drilled proving up an area of 27 Square Miles. It is estimated by prominent geologists that the proven area alone contains less than cubic feet of Gas. The main transmission line is Long Over the company s own right of Way. The company also owns the distribution plants consisting of 80 Miles of pipe line and 7 main pressure regulating stations in the City and 5 similar stations in the towns. The entire system was designed constructed and favourably reported on by Ford Bacon Davis inc., of new York. Natural Gas com Little or no inventory or labor problems and the business is done on a Cash basis. Franchise and rates the company has an exclusive Twenty year granted by the Board of Public Utility commission ers of the province of Alberta. The rates Are based on a. 10% net return after deducting amortization depletion and operating expenses. Tear the present rate is based upon a valuation of found by the Utility commission for purposes. Security these Bonds Are secured b y a first mortgage the fixed assets of the com Pany now owned or hereafter acquired. Fixed assets As per the company s books on february 1925, were valued at Over earnings Gas was first supplied in the fall of 1923, and As of March there were connected customers. Although most of the customers were connected the last six months of 1924, the company shows net earnings Avail Able for interest etc., for the first year of operation of a conservative Esti mate of future net earnings available for inter est depreciation depletion etc., is As 1925 1926 1927 1928 2.2 2.4 2.7 3.0 Bond interest amounts to yearly. The net earnings available for interest depreciation depletion etc., for two months ended feb. 28th, 1925 were depletion the company will the sum of 6 cents per 100q cubic feet of Gas sold for the purpose of drilling new Wells and maintain ing an adequate Supply of Gas. Sinking fund the Trust deed provides for a sinking fund As follows at the rate of 5 cents per 1000 cubic feet of Gas sold to Decem Ber 31st, 1928 thereafter to december 31st, 1933, at the rate of 6 cents thereafter to de Cember 31st, 1937, at the rate of 7 cents. It is estimated that the sinking fund will retire about 75% of the Issue by maturity. Bond interest earned 100 and accrued interest to yield 7% Nesbitt Thomson company limited electric railway Chambers Winnipeg Telephone Montreal Toronto London ont. Hamilton above statements while not guaranteed Art based upon information which we believe Aeo Aratt and reliable ;