Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 16, 1925, Winnipeg, Manitoba Manitoba free thursday april Low farm prices and cheap water expected under new scheme to open up Lethbridge Northern irrigation tract. Fiort Ici acc of the business world Trade and Commerce mines and the Money markets Alberta Issue of non s per cent Bonds sold to v 5 York firms at Price of 599s foreign Exchange South Alberta irrigated tract soon available new scheme provides for easy pay Menis of Waler Merriw surf the United states Dollar was quoted at a Premium of 7-64 per cent. Was quoted at Normal Price will amt Bank cd orbs 2-3. Tim a Nancy of Usu countries of Europe was for Strolo at ii loom liar prices in Canadian Low terms Tor of sins Fauio Edmonton. Uro s n-1 is Fri i ii Sivok ilm Camii Crown Oro in ii Orivan Ivic Smark puch Guilder Day s Normal Price tribe n.25 19.3 r.j2 13.3 19.u 19.3 19. -16 -1.20 .1-00 1s.62 27.11 -3.9g 14.39 -10.08 19. J 27.0 27.0 26.s 23.8 10.5 -10.0 been Winnipeg stocks nor water Thoro Viil three Sivo from acre each year or an afire t year an from 1333 to 1s72 r. For irim no water first year of their entry of. To the and following that the will be As imposed. For there will be no right payments for the first three years which the payments will a on the same graduated scale is for resident i f provision is made for Loans to for building purposes for livestock horses s250 for a zilch cows. Winnipeg april is. Flocks. . Bid. Asked. Birr _ .s1oo 105 Viro 100 55 -.-.i. By 100 or Rainery. 100 100 100 fully 100 of Canada 100 a or. Sojor _. 100 142 a 52 330 52 i to 40 58 Ara. 05 n. Stir Oil. -5 traders. 100 pad 100 it it. It a. By. Ltd. 100 5 s 5 s 5 414 Victory want Coal placed on surcharge list matter will be discussed at meet ing to be held in May Detroit april payment of freight charges on Coal shipped into Canada from the United states by the Canadian consignees instead of the present system of prepayment by the american concerns and the levying of a sur Charco in the Case of an Exchange will to discussed by the t noted states inter state Commerce commission and the Board of Hailway engineers of Canada at a conference to he held probably in May at washing or Ottawa. Canada my find itself without fuel this Winter if con is not placed on the surcharge h. A. Harrington of the Board of Commerce says. Canada depends on the United states for its Coal Ontario alone receiving 3.000.000 tons of Anthracite and tons of bituminous Coal from Tho United states each year. 410 82 28 95 15 100.30 102.10 103.90 100.60 102.20 96.65 101.85 103.30 102.65 105.45 103.90 108.75 Bonds 80 "42 38% 101.00 102.40 m.80 102.00 103.50 102.e5 1c6.65 1o4.15 103.00 re Tor 1933 Sti 1937._ Sii quotations on Victory denominations. Sules. At 15 15 100 at a 100 at 15 100 at 15 450 at 15 1.000 to. At 104. 1927 at 101.85. At 102.35 at 96.65 103 at 96.65 at 96.60. At 102.65 at at 104.10 500 at 104 at 108.70 50 at los to. Action of rail group is proof real soundness Canadian National railway earnings Carrier shares adjust position while Industrial group shows tendency to Sag sir Clyl United free 1 Rosa by 1 Fri vat Wile by Todd w. Wright new York april 15. Stocks on wednesday staged an impressive display of the Market s technical soundness. Thou Fth for the Best part of Tho Day the Market presented an irregular appearance through the buoyancy in rails and the Liea viness of industria.1 shares a brisk recovery in Tho final hour in the latter gave a More balanced look Sci Tho list in View of the fact that the mar Ket s rebound from the recent de pression had born most pronounced in the Industrial issues Section of. The is it was Juite logical that the Selling both to Tako profits and to bring about a reaction should be done a that group. It was also to have been expected that whatever fur ther operations for the Rise would to attempted should be undertaken in Tho rails. That those attempts de fairly successful in a reactionary Market was interpreted As a favor Able indication of an upward trend. The buying movement in Tho rails Nas More than a Mere technical Man Euver however. It found justification in current news of the Day bearing on Tho transportation Indus try both in the cat loading figures for the week ended april 4 and fur ther developments of mergers both in the East and Southwest. That the Bill raise the Legal limit of note circulation on the Bank of France had been passed resulted in a Sharp rally in the French currency on the foreign Exchange Market. Chic Dosall of Evans Montreal. April id. Open. Hash. Low. Close. 3. E. Steel 2nd s 9 9 0 Alt lib. 65 65% 6s 65 Asbestos 65 65 65 65 Atlantic sugar 30 30 30 4 13s 135 50 so 50 to 247, 24 i 24 Ond House Sells a Bond that Jond is lot actually in the Bank s Possession because it has not yet been in order to go ahead and sell the a Ted by Host Tho Bank will Issue buyers of he particular Security interim Cei to this a technical name for he form of receipt you get for your Money. When the actual Bond conies o the Bank you will be notified of i he act and you must take the interim Erti Floate to the Bank and Exchange for the Reitti not endorse be interim receipt until it is Ime to Exchange it for Ond As this would Alloy any and Tho certificate to. Make the 1925, associated Bdl tors Bod prices april 16. 1925. Allan Khusro is Mckay ltd., furnish the following approximate Bond quotations prefix Are Moody a ratings. Means rating not Yat issued. Yield a Alberta. 6, 1931105.49 5.00 x Belgo can. Paper 6, 1943 100.00 6.00 aaa Bell Telephone 5, 1955 99.00 5.0i bawl Grain 1939 99.00 6.m aaa . Stock 1961 76.31 4.7o aaa can. Pac. P.ly., 4 a 1944 93.25 3.00 aaa Dom. Of Canada car car. 5, 1954 101.50 4.92 aaa Dom. Of Canada guar. . 4 a 191597.00 4.88 a Duke Price pwr., 6. 1949 100.50 5.9o a Edmonton schls., 5, 1953. 93.5q-5.45 Baa Fraser cos., 6, 1950 97.90 6.20 Baa int. Paper. . 6, 195596.00 6.3u aaa Manitoba 4, 1947 87.81 4.90 aaa Manitoba 5, 1943 i Brov. Tares 102.00 4.84 Baa Manitoba pwr., 7. 1941 104.00 6.00 a Montreal trams 5, 1955. 92.00 5.55 x metropolitan bid. 7. 1944 101.00 6.90 aaa Montreal 5, 1936 100.50 4.94 x Worthw. Mil., 7, 1938 100.00 7.00 aaa Ontario 5. 1948 101.75 4.85 x Ottawa bluer pwr., 6 a 1953 . 101.00 6.40 x Ottawa Montreal Power 6 a 1949 101.00 6.41 x port Alfred pulp paper 6 a 91.00 7.40 aaa Quebec schools 5. 1954__ 4.97 Baa Quebec Power 6, 1953___ 102.00 5.8b x Stewart term., 614, 1938. 99.50 6.60 a Saskatchewan 1944 95.01 4.90 x Simpsons 6h. 99.00 x St. Lawrence paper. 1944______________ 100.00 6.50 a three Rivers 5. 1958 99.505.05 Ana Toronto 1931 98.25 4.80 a Vancouver 5, 1965 100.87 4.95 x Woods mfg. 6, 1943 96.80 6.10 aaa mpg. Water dis., 5. 1943 100.00 5.00 x we. Electric. 6, 1954 96.006.30 Baa Western Power s. 1949. 93.32 5.so a West Koot. P-wr., 6, 1943. 103.00 5.73 Republic Iron and steel shows fail in earnings associated press despatch new York april report of Iron and steel company for the of 1925, made pub lie today shows a drop in net profits o in comparison with 15s in the corresponding period of 1924. This was eau violent after preferred dividends to a share on the com Naori Stock. 3n contrast to share a year ago. Unfilled orders on hand March and. Semi finished products totalled tons compared with tons at the end of first Ruji Garter last year. Money quickly raised for big new land plan British land settlement corporation Bonds of floated for Purchase of Alfa. Lands the Bonds the British land settlement corporation which Wero floated in London a few Days. Ago were eagerly bought up according to Robert Mckay of Allan Killam and Mckay one of three members of the Canadian Board in Winnipeg. It provided for an Issue of seven per cent Bonds and will be used for the Purchase of the acres which the company has obtained East and West of Edmonton on each Side of the Saskatchewan River. Or. Mckay stated that a representative of the corporation the Duke of Sutherland chairman was in Winnipeg a Day or two ago and is now looking Over the company s lands. Only experienced Farmers the object of the stated or. Mckay to the free press today is to promote land Settle ment and development within the vacant spaces of the British Empire. We will secure experienced Farmers to Settle on the land and help them to some extent until they bet on their feet in a new country like ours. Or. Mckay stated there were a number of details uncompleted As yet in respect to the plans of the corporation which it would be unwise to reveal at present but he said that the plans the corporation had in mind were on the largest Ecale Ever carried the history of Western Canada and that he Felt sure that with the backing the Enterprise had in the old country it would prove to the biggest settlement scheme Ever attempted in Western Canada As has been the land was purchased from the old Canada land company and was originally owned by the Canadian Pacific railway. A. M. Brown former president of the Canada colonization company is the Canadian chairman of the Corpora Tion and will be in Winnipeg next week returning from a visit to Lon Don. Formation of company to take Over Canadian National Ray proposed a new plan for reorganization of the Canadian National railways is proposed by p. Kellett formerly general manager of the Lake Erie and North Ern railway in the current number of he monetary. Times ill. Kollett who no believer in , does not claim that his scheme would wipe out the Large annual deficits which must await increased population and traffic but he says the immediate Jene flt would be. The com plete. Elimina Tion of political or. Kellett s plan suggests the Nprma Lon of a new company having an authorized 6 per cent perpetual Deben Ture Stock Issue of Ami a common Stock of no Par value of shares having no voting Power All voting Power being vested in he debenture Stock which shall be guaranteed by the Dominion govern ment unconditionally As to principal an As to interest at the rate of 4 per cent or annul. Out of the earnings of tie com Pany applicable for dividends there would first 8 per cent on the outstanding debenture Stock after which any sums remaining would be divided equally Between the common Stock and the debenture Stock until the debenture Stock shall have been paid a maximum of s per cent., after which All earnings would accrue solely to the common Stock. Of the of guaranteed debenture Stock void be issued at Par in Exchange for he entire funded debt and capital of he Canadian National railways now outstanding in the hands of the Genera Lublic. The balance of the debenture Stock would remain in the Treasury and be held As a Reserve to meet fixed charges at the rate of 4 per cent on the outstanding debenture lock and operating deficits should hey occur. Any extensions to the system would subject to the approval of Parlia ment and when so Ost. Of such extensions would be pro idea for by., a further Issue of Deben ure Stock having the same Security and guarantee. As consideration in full for the equity of owned Fay the Dominion govern Lent the railway company would Ransfer to it the entire Issue of com new York stocks closing bids Clark Martin co. Open Copper Amu. Smelt.----95% Anaconda Cerro a 47" Chile 22h april 15. 192s. Close he Fth Low bid 95 a 35x. 38% 38 4-7 46 46 32 s 32 be 32% _ 21 2ov. 235f 23h be a z 4754 48% 48% up bait. Ohio _ revs Rev 75% 76ii can. Pac. Bly. _ 142% 142% 143 Chic. North. It. North pad Mana. City be Hiffa. Valley Hiss. Kanji Tex. Miss. Pac. Miss. Pac. New Havon x. T. Central North. Pac. Pere 60. 34 76 33 34h 77vi so a 34% 35% 78% 49% 76 33 34% 73 a to a 49% 34h it 34v. 35% 78 44% 73i4 42% 115s 116 a 44% 44 44% 66 74% 7jj-1 74% 44 42% 6654 Rock 42% 44 42% St. L. San in. 6654 St. Paul 9 Pac. 1o2h 102% 101% 102 Southern my. _ 86% 8614 St. L. 47 Union Pac._____14o54 141% 140% 141 Wabash gobi.___21% 2154 21 a Al .4 Wabash 64 63% is Ulp an. Car Fly. ------200k an. 124h 122% 123u Bald. Loco.------115% 112% 114h Lima 65 65 64% 64 Pullman co.----__132 132 a 132 132 Ray. Steel 126% 126% 126 126 motor Bosch. 32% 32% 31% Chandler 36% Cen. .motors------72% 73% 72% Hudson 54 54 52% hupp.-------1751 17 Maxwell Mot. A 103% 103% 103% Mack truck 145 Packard Stewart Warner Strothers Studebaker Timlic. A Lar. Sigrer. White Mocca Willys Over pad. Oil Atlantic 22 63 h 40% 63 93 22 63 41 63% 21% 62 44% 63 92% 31% 36 a 72 53% 17 103 it 145 k. 21% 62 55 45 40% 63 92% Imperial int. Pet. Oil Marland Oil Pacific of pan an. Phillips pet. Uro Oil Royal dutch Sinclair Conn. Stand. Oil lick. Stand. Oil of ind. Stand. Oil . Tand. Oil of . Texas co. Icum Oil steel steel Beth. Steel 27 i 27v, 28 i 3614 75% 38 13i4 5814 44 5014 43 34 70% 45 h 84 olo. Fuel Iron Golf steel rep. Iron Sosa Shef Clell . Steel Vanadium. rubber Filce rub. Co 12 a Ood Racli 53 a . Rubber. Sugar an. Beet sugar an. Sugar co. 70 an. Sug. 29w Uba Cane sugar 27% 27% is a 23% 56% 75% 39 a 49v4 19 a 58% 44 43 i 34h 68% 70% 103 a 27% 27v. 27ki 23 a 36 55 a 74% 58 19 h 58 43% 42 34 h 6714 62 28 h 23 u 36% is 29 26% 49% 19 a 68 a 62v, 41 437. 66% 50v, 34 68 a 70% 8zv4 34 by 117h 25% 40% 505-4 39% Punta. Alegre tobacco stocks Van. Tob. Sons. Cisar co eynolds Rob. Prod. _. Tob. Prod. A Dpi. Stoni Lay dept _. 106 Lont. Ward 48 National drus 122 Lears Roebuck 155 4454 4454 75 76 98 4 75 98v. 68 i 13 74% 75v. 98% 12% is a 40 40% 68v. 29% 13 44v, s9h 28% 74% 75% Canadian mining stocks. April 15 prices. Oster Hammond Nanton Argo Gold 35-to Beaver. 26 to Clifton 10 to 11 Crown re Erye 56 to 37 Castle 79 to 80 in Lan 14 to in West dome-cons., 16 o to , 400a Lakeshore b.60 to my Cinley 30 to 3-1 new Ray 23 to 24 Eck Hughes 139 to 140 Tough Akes 32 to 34 Temis Kaminir 20 to 2 Vipond 115 to 117 capital 27 to new wifi or log pay Good Price , at 99.159 bid is of highest j six received ii Edmonton Alta. debenture through by the provi wednesday noon when Ince of 5 per Cal went to Tho National City the Harris and com York at a Price of 83.153 tie highest of six Buda sad was accepted by Hon. R. G Tho govern rent. The National City bid through the Canadian Pany in Montreal with Branch of the Bank of As local agents. At the Tho Sale is considered by As a particularly Good on on an american payment 99.53 Canadian payment. Foley mine will soon have fifty ton a 50-ton Iii Ivin it will to producing cold be of july at the Foley mine fort Frances ont., Queen. Or. Ilc Queen is on torte of the British Canadian company by whom the Foley being developed. An order. M Queen says according to Frances times has already for two 12c . Sines which Wili provide f present requirements. Many noted realtors to address Convent Over 100 speakers chosen their nationally known chit actual real estate practice or a curl of the unique contribution they he made to real estate thought win w discussions covering the whole ssh a present real estate do veto ment Loti United states and Canada what com make up the programme of the Teeth annual convention o the tonal Vassio Catlon of real Bosua boards. The convention Alne a focus the various trends which Are idly a riving the vocation of the a professional Foan elation. Will Detroit Michigan june 23-16 in addition to meet lags of to elves of the association s "05 ii Emit real estate boards Imd of its Sions made up of specialists in a estate finance Home building fit dividing Industrial to ands property management a. Kate and real Estafy Patlon the convention will of com special National conferences. To he on Pace 15. Allied chem. Allis Chalmers an. Can. Co. 174 a Fine Lencl of old matured scotch Omsky Westons elec 69v. Metal markets new York april Copper easy electrolytic. Not and futures. Tin steady spot and nearby 150.60 futures Iron. Irregular no 1 no. 8 nor spot and futures. To tt.05 Clark Martin co. Stocks Bonds and Grain direct private wire to principal markets. 232 Portage Avenue the new Peerless policy for super select lives guaranteeing full payment at Deith or maturity. Policy increased 100% if you die by accidental monthly income and waiver of Premium during total permanent guaranteed profits if you lire and a addition extra profits . A definite amount of profits added for each Zitur if Yon die within selected period. Confederation life association a. B. Lawson Field blow Jer for Manitoba. Confederation Winnipeg f. C. City ;