Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 18, 1925, Winnipeg, Manitoba Manitoba free press saturday april 18, 1925 credit men s Trust association declares Winnipeg feels general quickening of Trade. Weekly report shows better tone. Ref the business world Tram and us ulc usum Lcoo vvui1u mines and the Money markets freight car loadings of Mer Chandise maintain a grease with total increase this year Over last of cars. Last Spring brings Radii men report general feeling of optimism to Winnipeg and Western Canada Winnipeg april 17. Tho weekly Deport of Tho Canadian credit j Ion s Trust association limited reads Trade remains chant of since last report. Retail satisfactory St. Trade cons Dor 3 Ron srm ably a Rood a my re to i 1 t Fri do itis factory. And shoes sales Nti nuo to hold up arid col Lee one fair. Dry volume of illness Dono and collections Italy food. Has in fenced and Sei tvs Art on Ift increase with Folk Clio government Allan Killan Ltd Victory Bonds 514 1927 1933 1934 1937 loan , 5 1025 1931 1937v. Ilene Al loan 1927 1932 refunding loan 5 1943 refunding loan 4h 1944 All rated Aan b Bonds Mckay .102.80 .106.50 .104.00 .109.00 102.25 104.00 4.50 4.60 4.97 4.57 4.36 4.58 4.53 102.00 4.75 103.50 4.9g 100.60 102.35 4.80 4.80 06.so 4.75 y Moody. To be spent on British Columbia roads Between one fourth and one fifth of the which the British Columbia government will spend this year Well for this time of the year. Steel Automo and Allied trades and tax tile arc How engr most other nes Aro carrying on Jit Tho same apr oel Fri no expansions. Is show some activity. Wholesale and in in Trade showing improvement in All j nes and a pc Nora fee-ilns1 of optimism Dpi Cable. Co ice t ions fair. Trade in All j to wins sonic oven unt and retail j ides slightly Hetter. Co sections fair n Rood and slight improvement of icel since previous report. Lines Are run orc no in improvement i business the faster Trade having1 been exceedingly Tats factory. Edmonton. Wholesale till retail Rade conditions Are improving col Jot ions fairly Porru. Groceries Fiir v Good collections fir. Dry goods rooted Lairy up slightly. Collections improving. Boots and slices to wins a slight improvement Over 1st week. Cold Eklons fair. Hardware sported Pood incl collections picking p. All lines to Tail Trade report in Tov Cmunt noticed. Sterling Exchange. Peak Ucli York april cd Hanic o steady at 1.7-1 7-is for sixty Bills and at 4.7s 3-1g for Dejaml foreign bar Silver 7-s Canadian . 1-32 demand c.-5 1 2 ire demand. -1.10 1-2. Of run the province will so Upkeep of Miles Road and construction of new altogether has been set continue aside by the Hon. J. D. Maclean rain to minor in fair Itter of finance to carry out the Road Worl planned by w. H. Sutherland minister of Public works. Upkeep of existing roads alone will take of the total it is estimated. The estimated Revenue from motor traffic in British Columbia this year is As follows three cent tax on gasoline and Oil tax. Licenses from upwards of -45.000 motor cars and motor trucks. Invest Man t be Tukys compiled by Mcd Usu i hate 4 s 4 6 7 7 s 6 10 co wans. 1 april 17. Alt lib Teie Portu brazilian to. Canada Cement Canada Cement pro. Can. Canada Cottons. Canada Cotton pad. . Pacific . Dominion Glass Dominion textile Pom. Textile pad. Of the Woods. 12 of the pitl. 7 to Auryn tide 6 Jackay 7 Montreal Cottons 6 Mon t real Power 7 Montreal tramways 30 of Ellvie flour Mills. 5 c Silvio flour Mills pad. 7 Pov. Or if Virnan s pad can. Power pad Spanish River Spanish hover Ltd Stoml co. Of Canada Stael co. Of can. Pad Merwin Williams Shenven Willlams pad. Price 64 a 136 50 303 114 Ai 111 02 143 111 72 110 Iso 123 82 115 93 179 365 137 126 is 145 98 138 95 107 119 109 125 110 yield 6.20 8.00 5.82 6.11 8.64 7.27 6.s2 6.99 6.30 5.55 6.36 6.65 5.60 7.31 6.1b 6.12 3.91 6.05 3.64 6.51 6.54 4.80 6.36 the handles the Money wife a business Man writes us. Deposits she can do it better than i. Each pay Day she always de posits our savings first. We never buy anything unless we have the Cash to pay for it and each year our savings Are a joint a joint account in the name of husband and wife account the w be to or withdraw Money during her husband s absence or when he cannot get to the Bank during business hours. For the a savings account for the children will teach children too the of their Money thus helping them to form the habit of saving. Railway traffic centers in East Western provinces produce 33 . Of total in 1923 Ottawa april Surprise has been occasioned by a return brought Down to parliament by the minister of railways showing that Tho Canadian National receives More than half of us traffic from Ontario and Quebec. The four Western provinces in 1023 contributed but s3 per cent. The pro portion of Gross earnings on traffic originating in the two Central prov inces would work out at about go per cent. American roads Are feeling1 acutely the Pinch of automobile Competition and the rising volume of taxes. Cana Dian railways Are in a similar position. Under a recent decision by government the Canadian National will continue to pay taxes to the various provinces. The Legal right to do so was not raised. A return made to parliament allows that the Canadian National hauled Grain from the West eastward last year at less than half a cent per ton the average for All commodities Mak up the total traffic was Over one cent. As Fin illustration of the adjustments which Are constantly being made in rates on the downward Sido potatoes will be carried henceforward from the maritime provinces to the West at 10 cents less per 100 pounds. The differ nce will be Between and per i Carload i Canada gets rebates from South Africa minimum preference rite is granted on seven commodities Ennu Lilii press Ottawa april the new South african Tariff Canada is granted Tho following pref Rentia rebates wheat hour tinned Fisl Timber unchanged Binder twine five per cent and Valorme White Lead one shilling per Hundred pounds tires two shillings tubes tire half Pence per Pound newsprint Ono Pound ten per ton o pounds. The new Tariff according to Cable from g. R. By ovens Canadian Trade commissioner at Cape town became effective april of and com Prises 372 items with maximum rat ing the advantage being Between three and ten per cent. I be United kingdom is allowed 22 minimum Canada seven Australia four. Other minimum ratings arc withheld for quid pro quo agreement with foreign countries. The South african Tariff up to the present time has been a single schedule Tariff with provision for a British preferential rebate on near y All dutiable goods. Imports of Coal imports of bituminous Coal were slightly larger those of Anthracite less in february than in january the Quantity bituminous Coal tons was tons toe Low that of february last year while the que Uitile of Anthracite tons was tons great than that last f sir uni a. Victory loan coupons we will Cash your Victory loan coupons or place them to your credit in our savings Bank where they will draw interest at per annul. The Canadian Bank of Commerce with which is amalgamated the Bank of Hamilton capital paid up Reserve fund Winnipeg Branch main and Ivie Berniot Branch ii. G. I Hurlburt is other branches in Winnipeg. Canadian life insurance business makes stride Cunti iian 1 Russ Deppt Icli Victoria april the Lile insure since business in Canada had Surowi tremendously in recent j. J. No Sweeney Toronto president of the life underwriters association of can Ana told British Columbia insurance men at last night s session of the British Columbia life underwriters educational Congress. In 1814. He said there were life insurance policies in the Dominion compared to in 1923. Assets of companies had increased from s370 in 13 24, to in payments to policy holders Hac frown during the same period to Froid Macmore Porcupine issues quarterly statement Toronto april the statement of earnings of tin Mclntyre Porcupine for the third Quarter of the a local be March 31 shows Cross covery of against in the preceding Quarter. Operating costs Winro up to As against net Revenue be fore depreciation at against 5421.637.67 in the preceding Quarter and in the initial Quarter. Gross recovery for the nine months is Ancl net after taxes and before depreciation this contrasts with Gross recovery of and net of in the corresponding nine months of the preceding fiscal year. Winnipeg electric is feature at Toronto a Canadian Tress pcs Nacito Toronto april elec tric s two Point Rise was the most note worthy occurrence of Friday s Stock Market. The Winnipeg common Sharps readied 43 1-2, Ancl closed at 43 1-4. Consolidated smelters also gained fur ther ground reaching a High Point for the Duy at 6s 1-4, and this was Rotain fid at the close. There wins fairly Active trading in brazilian shares and Tho close was 1-1 Point at 50. Twin City Tasse cond in prominence in Tho traction croup and the close in this Stock was 1-2 Point lower at 64. In the mines Section of the unlisted Market the outstanding Stock was Kirk Ilid Lake Gold. A High Point for i the Clay was reached in Lake chares at 44 and Tho close was at 43, represents .1 not Advance of 1-2 Points. Among Tho listed mines shares Rose was most prominent at 46 1-4 to 47 3-4. The unlisted Oil group was inactive end slightly reactionary. One exception was British american Oil which moved up 1-2 Point to 39. Imperial Oil was Oft 1-4 to 28 1-5 and Continental was Down 3-s to 22 5-s. Tho present owners of one of Portage Avenue s largest retail stores wish to retire from Active business and offer to Ono or More reliable busines.3 men or women a wonderful Opportunity to take Over a going concern for a very Small initial outlay of Cash considering the size of the organization. This business has made its present owners Independent has never changed hands enjoys the highest credit rating has no debts and its record of Twenty years on the Avena is one of uninterrupted Success. Tho Goodwill of Tho business is alone Worth actually More than will to asked for Tho Complete organization As it stands. The present owners Ara desirous that the name shall continue to hold its present enviable position in the estimation of the Public and Only applicants with a clean business record will be considered. Integrity is valued above Cash. If you have u. Few thousand to invest and wish further information acid rest Box 520 free press Fessas one Winnipeg company Ottawa april Cord age company to be known As the Brant Ford Cordage co. Ltd., with Headquarters in Brantford ont., Lias ouch granted incorporation papers according to this week s Canada Gazette. The Only Western company incorporated is the Wright self Locking nut to. Ltd., of Winnipeg with a capital of i 1 confederation life building i for rent one or two desirable y offices splendid Light Al ele n Vator service and Good vault s accommodation. Inspection in 5 s voted. Q apply building manager s g office no. 607. Phone n6635. I Montreal Stock Exchange in face of new York Montreal shows Down trend losses out numbering gains by 15 to traction now listed on new York does itself full Justice As one of country s strongest of Eastern engineering company complain of directors action. Special general meeting to be called. Montreal april Loca Markel has done Little a the Pas couple of weeks to justify the feel ing tint had been entertained tha Montreal would readily follow new York once the decline in the latter was checked. The Wai Street reaction was chocked som Days and has been showing considerable strength since but the local has made Little 01 no response. La fact prices have declined Here on several Days when new York was moving up. Initiative is lacking in. Which Are Tho natural Market Lead ers the Only real interest being displayed is in a few special issues such is smelters and breweries the volume of trading fell off sharply on Friday and the Active is contracted. Net losses outnumbered net gains 15 to 10 while the aver age of Twenty listed stocks was .15 Point. 9 traction was the most Active Issue of the Day with a turn Over of shares and was slightly at 50. The announcement that Stock had been listed on the new York curb came As a sur prise to most people in Montreal nothing having been heard of the company s plan in that direction. 1c there is any special significance in the move it is not readily discernible. Many people wondered Why it was not listed on the new York Stock Exchange in View of the International Market which already elsts for the shares. Smelters was another Active is sue Anil again fractionally improved its position closing at 6s Smel ters is behaving better than any other on the Board. There is a Market for it which permits of a Block a few Huu Reed shares be ing without a big Price 1 con cession and to a Short time. The same Tian hardly be said for most stocks at the present time. Winnipeg railway was the third most Active Stock of the Day and a Strong spot. It furnished trading Money at work it costs hard Money to join the Exchange in Broad Street new York Mew York Stock Exchange seat Jeys new York Stock Exchange seat Tkv a seat on the new York Stock Exchange sold for recently. The record was Why should the Price Isle now York Stock Exchange till Tho same number of Merrt ers that it had thirty years ago lamely yet in the last Twenty the Timber of securities rated on the Exchange has mul phed about three times Over and he value Thos securities which Low at about has doubled. None but these members can actually execute buying and Selling orders on the Exchange. From the Bove figures it is evident that the Lemand for their services must have increased about threefold. In that ase the income from commissions hould increase proportionally Coo Volch of course is Tho main reason or the threefold Advance of the Rice of seats. In shares and advanced 2 3-4 Points to 43 3-4. St. Lawrence flour recovered three Points of its loss of thursday when the Pashong the dividend took place. The ticker had told quite plainly during the past few weeks that the dividend was going by the Board out there Aro always those Are willing to try to catch the ticker in one of. Its falsehoods. Affairs of Hie Eastern Engineer ing company Ltd., were aired at an informal meeting of the share holders held today at 152 St James Street. Upwards of one Hundred shareholders showed up and listened to the remarks of or. Dickinson of a chartered accountant who has recently gone into the affairs of the company and or. Milton Hersey a director of the company who with Noah Timmins also a director was present at the meeting. Or. Dickinson s summary of the situation hinged mainly upon the Issue of some shares of the company s Stock which to the sur prise of the became known at the 1924 annual meeting. On this occasion however the directors at that time declined to Ai bulge the disposition of this Block Stock which practically doubled the outstanding capitalization of the company. The convenor of the meeting issued., proxies for the purpose calling an extraordinary general meeting for of electing directors. Or. Dickinson also announced that he contemplated placing an induction upon the 46.000 share Stock issues and applying to the Federal authorities for an audit of the company s affairs since its inception. It was drought out that the com Pany s finances Are such that it recently pledged its entire collateral including patents for a loan from certain directors. This was held to be inconsistent with recent official statements to the effect that there was nothing wrong Wlsh the finances of the company. Maxwell motor a asm so qty Despu Mack trucks climbs four Points t new High associated press despatch new York april on burst of strength in Tho motor Issue was the outstanding development Friday s rising Stock Market. Max Well motor a was the Spectra cult feature Over Nino Points t a record High at 87, against a Prit of about a year ago As Short scurried to cover. Mack trucks lifted up Over four Points to 119also a record top. United states steel common close More than a Point higher at i17v Baldwin climbed nearly two poin to 115, and american can showed fractional gain at 173 International Harvester Jumpe 5% Points to Otis elevator was bid tip 5% Points to a. Be Peak at United states cast Iron pipe hammered Down from 157 to 15 duplicating the year s Low and the rallied to 15g. Southern Pacific a bid up two Points to an Delaware and Hudson advanced to Call Money ruled unchanged a 3la per event with funds available i. The outside Market at slight con Cessions. Time Money and Covner Cial paper rates were unchanged total sales shares. London Market is quiet Over easter Public awaits news from France pessimism expressed com Teflian Tress London april found no accumulation of or Ders after the easter holidays an Many of them in fact anticipating a. Dull time stayed away longer than 1 usual at this time of the year. The Public doubtless is awaiting Ligh upon the darkness of the French Situa Tion and the composition of the new French Cabinet has created no particular impression Here the City opinion sen orally remains pessimistic concerning any real recovery in the financial Sla ability France. Tho approach of another sctt Lemen Day and the _ imminence of the Budge also tend towards extreme apathy of the Stock Market. Home rails betray further weakness for although the Holiday traffic improved this easter there is a disappointing showing in the aggregate receipts for the year to Date. The Grea Western railway company s announce ment of its intention to reduce its staff because of a falling off in Revenue a an indication of this state. Twenty four bankruptcies Canadian press despatch Ottawa april of 24 bankruptcies appear in this week s Issue of the Canada Gazette. Wainwright Oil tests Edmonton april fuel tests made by the Canadian National of Wainwright crude Oil have been found to be satisfactory according to definite word received Here by or. Sugars director and Field manager of British. Petroleum company. Negola ions As to supplying the product Are now being carried on and a full state ment May be expected soon. Sugar beets planted. Raymond april j. Christen sen planted his sugar beet seed today and incidentally a the first to sow get seed for the new Canadian sugar factories limited. Metal markets. Vickers failure to pay dividend is deplored Canadian Tress cubic London april passing o the common Stock dividend of Vic kers limited Tor the second Tim was unexpected and naturally a added still further to the feeling n depression in connection with the Iron and steel trades while critic of this i eat Iron and steel con Cern Are inclined to inquire whether the company s assets Are no overvalued. Against the unfavourable showing by Vickers limited is the reads subscription of More than 7% per cent Bonds the Indian Iron and steel company guarantee by the Bengal Iron company de spite certain features in the com Pany s prospectus having aroused some comment. Winnipeg Hydro has 1925 surplus of the income account Ottha Winnipeg Hydro electric system shows a surplus for the first two months of this year of bringing the total surplus up to the month of february shows a deficit of s1.d00.41. Total expenses amounted to s171.69s.34, while Revenue totalled this is compared with a surplus of in february 1824. On the other hand Rev Enue increased during the year from. In february 1924. To s169 "ss.93 in 1925. Oil Well to the. Sunk near fort Vermilion can Dinn press Denim tech Calgary alta., april 16.r-announce ment that Black Rock Petroleum Ltd., will be drilling a Well on its Oil property in the fort Vermillion District some time in May was made on Fri Day by George Slipper a director of the company. The exact location of the proposed Wall has not been selected but it will be somewhere in Section 11, township ids ranges West of the fifth. Yields on Active unlisted stocks compiled by Balfour White company Ltd. So curly. Price. Yield Alia. Pacific p a so hell Long Corti Clil 7% pitl 90 7.80 brain dram Hender n to p. 88v4 7.s5 can. 5% pm. 151 5.23 Coin. Power trs. Of. 99 7.10 Dunlop tire 7% 33 s.50 famous play. 8% fid 11.0.73 Hoil incr . 13% Bdl 13.b5 4.00 . Tobac of c. 6% com. 4.45 Llo Troal c. D. A j05s 177 5.65 Robt. Simpson 6% jtld.-. 93v, 6.10 s. Can. Power 6% pad 96 6.30 f of i Bonds ficus april 17, 192s. Killam Mckay Ltd. Our Nash the following approximate Bond quotations prefix letters Are Liberty s ratings. A Siemans rating not yet issued. Palm yield a Alberta. 6, 1931 103.49 5.00 x Belem can. Paper 6, 1943 100.00 6.00 aaa Bell Telephone. 5, 1955 99.00 x balt Grain 195 j 99.00 6.ct aaa . Stock a 1961 76.31 Taa can. Pao. Kly., 1344 93.25 5.00 Laa Dom. Of Canada Clurar. S. 101.50 4.92 Ian Dom. Of Canada i Friar. . 1925 97.00 4.83 a Duke Price pwr., 6. 1549 300.50 5.sb i Edmonton sculls. 5. 19s3. 93.50 e.43 Baa Fra Iii cos., 6, 3950 97.so 6.20 Baa int. Paper . 6, 195s 96.00 6.30 Ian Jian Toba 4. 1947 87.b1 4.so Laa Manitoba 5. 1943 free prov. Taxes 102.00 484 a Manitoba pier. 7. 1941 104.00 6.00 a Montreal trams 5. 1955. 92.00 5.55 metropolitan bids. 7, 1944 101.30 6.90 Ian Montreal 5, 1936 300.50 4.94 x North. Util., 7, it Foo 7.co aaa Ontario 5. 194810i.75 4.85 x Ottawa Litver pvr., 6 a 1953 101.00 6.40 x Ottawa Montreal Power 1949 101.00 x port Alfred pulp Puper 6 a 1943 91.00 740 aaa Quebec schools 5. 1954. 101.00 4.97 Baa Quebec Power ;