Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 27, 1925, Winnipeg, Manitoba 10 Manitoba free press Winnipeg monday april 27, 1925 Toronto and Montreal exchanges will change trading hours for a week in spite of Day Light saving at new York. I news of the business world Trade and Commerce mines and the Money markets Canadian ave to accept less than 5 per cent on Bonds or issues will go to York or London. Busier than for feature of week is disposal of Manitoba and on Tario Bonds payable . Funds Gairdner Clarke co Toronto ont., april the past week the Par amount of new issues sold was than Haa taken place for some considerable time. Altogether the total of issues disposed of was Over the arg est was province of Ontario 3 per cent. Maturing in two years and maturing in three years which were disposed of to an american Syndicate at an average Price of 08.co in new y Ork funds or a Cost of the province of approximately 4.42 per cent. Tiie province of Manitoba disposed of per cent Bonds made up of maturing in two years at maturing in Twenty years. T3otii these issues were pay Able in new York Uncle for the two year Bonds a Price of 99.s5 new Tork funds or a Cost of 4.5s per cent and for the 20 year Bonds a Price of 94.35 or a Cost of about 4.94 per cent was received. It is significant to note that in both these issues Canadian bids were n it Tor and it is an indication that the american Market for Cana Dian Bonds in still on a higher level than our own particularly in the f. G. Pumpelly who recently Sev ered his connection with a. S. Knight has joined the firm of. Smith fess Denison. Ltd. The traders viewpoint Clark Martin co., 232 Portage ave. The Stock Market made a Strong determined Effort on april -0 to Advance above thou average established on april 16, but As it approached that level it met with Selling mostly from professionals who were endeavouring to ascertain whether stocks had advanced sufficiently. They found the Market in several places very soft and in other places they were Able to create Sharp Rase of Sciort dated notes As there a Breaks. The Market that Day declined pears to be an abundance of funds available in that Market for Maturi ties of this nature. This class Security is very rarely purchased by the private investor but it is a very convenient form of investment for financial and Industrial institutions which have temporary role funds for which they require an investment pending renewed activity in Industrial and commercial channels. Short term finance preferred in connection with the province full Point for the id Stock average. The decline continued for two entire Days following the monday session with rather heavy volume. During the ses Sion of april "2, after driving the mar Ket close to the lows of april 3, shorts began to cover and the Market closed i at the top. During thursday s and Friday s intermittent drives rallies took place. J Tut the average once More after Tiree Days of fluctuation failed to recover its j decline of the three previous Days. Tre 1 Mendouse pressure seems to be p ten Ontario Sale it a interesting to note j the All Sharp bulges and that for some time past now this Par i songs unable of withstand it without ocular province has done its finance i giving consid Crapio ground. Ing1 by the Short term method and j the Market acts As if it intended 03 a matter of fact there has been j to work towards lower Levels. Around Iong dated province of Ontario is Uio sold exclusively for this Market since october 1923. The fact that the provincial treasurer has done his financing in the manner indicated de would appear to he a belief on his part that interest rates on Long term securities will continue to decline and that he will have an Opportunity in the near future of doing his per manent financing at a better rate than prevails at . Also a Factor which is of considerable Bene fit to the province is in keeping away from this Market with Long term financing and it an Opportunity to thoroughly digest the outstanding province of Ontario issues. For some years a tremendous volume of these securities were disposed of in tills Market and consequently due to the numerous issues the province was forced to accept prices which would have prevailed had there been fewer issues. Effects of Sterling parity the Rise of Sterling Exchange Hae present priors it seems unable to at tract sufficient support. Railroad stocks the Railroad Section of the Market did keep up the Good work of the previous week. The average of the 20 stocks fluctuated within Points the entire week. They were further with out leadership and left to shift for themselves. Weakness developed in several issues notably Lenlon Pacific. Drastic liquidation seems to to taking place in that Issue. During Friday s ses Sion shorts taking advantage of its in Herent weakness pressed it to lower Levels and it declined to the 133 level. At that Price Union Pacific is Back on the level of March 1923. Support around present prices will no doubt be Forth coming although so far no such Indi cation is apparent. Southern Pacific refused to follow the decline in Union and maintained its level at the top of the rally. It is still four Points of its High of Janu Ary. Heavy buying has developed that Issue since it touched Par. An other Issue that seers to disregard Canadian March Trade is bigger than last year trend continues of bigger Export and smaller imports marked Rise in Export of animals special despatch to tile press Montreal april the usual sea Sonal expansion is shown in the Cana Dian Trade figures for the month March released from Ottawa Over the week end. Total Trade also shows slight increase of that of March 192 the recent trend is uninterrupted with exports increasing and import falling off although the increase in exports is less marked Ana less. Uniform than it has been in months. I fact five of the nine main groups show exports somewhat smaller the mos notable falling Oft being in Forest pro ducts which Are Down Over Iron and steel exports Are also flow nearly a. Million. On the other Ham an increase of practically 2 1-2 Mil Lions is shown in the Export of animal and their products while non Ferrou metals and their products including Lead and Zinc Are up nearly two i Lions. Imports in six of the nine Mai groups showed declines. The mos notable being in Iron and steel an non metallic minerals including and gasoline the latter item was Abou 3 1-4 millions below the March 132 figure. Imports of textiles etc., showed the most considerable gain of approximately 1 3-4 millions. No changes made in trad1g hours Toronto and Montreal Exchange will Advance clock Canadian press desk Nuclo Toronto april 26. No change being made by the Toronto Stock Exchange and Montreal Stock Exchange the hours of trading for next week when new York is operating on Day Light saving time. Daylight saving be comes effective in Toronto and Mon Treal a week later and in the interval the new York Market will open Anc close an hour earlier than the Oana Dian exchanges. The Standard mining Exchange on the other hand has decided to Advance its hours of trading to conform with he introduction of Daylight saving in new York. Been one of the outstanding events i weakness in that class of Stock is during the past week. It is quite i Southern railway. The Stock has had freely predicted that its return to Par a from 32 to and us is now Only a matter of Days and in this event the probability of Dis posing of Canadian Bond issues in the English Market will probably again become a considerable Factor. With Money cheaper both in new York and in London than Here it would seem that unless investors Are pre pared to pay higher prices for our More important issues that they will have to. Depend largely upon the smaller municipal issues which in View of their comparative obscurity in the United states and great Brit an could be disposed of in those markets. Investors in general Are very reluctant to Purchase below a 5 per cent basis but it would seem to be a question As to whether they Are go ing to to Able to obtain any higher Grade issues around that level. The average private investor who Only became a Bond buyer during the War yearn waen interest rates on High Grade issues As our various provinces were considerably Over 6 per cent., is very difficult to convince that even at present Levels Good Bonds Are considerably Hig her in yield than in pre War years. As an example Long dated province of Ontario Bonds which can Roe had today around 4.s5 per cent to 4.90 nor cent were before the War considered attractive around a 4 per cent basis. Whether yields will in the near future return to that basis is a mat Ter of speculation but in View of the very Large amount of Short Date financing which is taking place it would seem to be the belief of the various provincial and civic authorities that it would be Good business on their part to delay their Long term financing for the near future. Bank Stock sales Canadian press despatch. Toronto april 25. Bank sales 10 Dominion 194h 5 Perial 1s5vi. _ Stock in blend old matured scotch whisky action indicates that a considerable amount of pressure will have to be applied before its healthy Risa can be checked. It behaves As if it intended to Cross its old High. Motor stocks the motor stocks during the Early part of the past week came in for some Sharp attacks from the bearish Frater nity and in several issues were re warded with Success. The spectacular Advance staged by the motor stocks has involved a considerable amount.01 Public participation and in most in stances Stock has passed into weak hands. Mack truck after recording Neil hich prices broke sharply from 152 to 142, on something that looks like liquidation. Studebaker persists in advancing with great Confidence. Again this week it touched the 46 level and has persist enly been accumulated Between 45 and 46 level. General motors reached the 75 level before sufficient pressure forced it Iback. It seems however to meet with considerable support on setbacks and this indicates that still More pressure will have to be applied in order to Stop its Rise. Chandler motors has lost consider Able amount of its Rise on what looks More like prot taking than genuine the Maxwell issues recovered practically their entire decline caused mostly from Short covering. Those issues will fight the decline very stubbornly. Oil stocks the Oil group during the past week made a very Strong bid for speculative attention but for the great part of the time they were entirely ignored. The group average fluctuated within a one Point Range. The volume for the entire group was even lighter than the previous week. i americans displayed consid Erable weakness Selling on april 22 As Low As but recovered its lost ground quickly and then lapsed into inactivity. It looks As if it could Start a pronounced move in either direction. Mariana Oil advanced slightly during the week but much strength is shown As it has great difficulty holding its Advance. Cosden Oil looks As if certain inter ests were accumulating that Issue around the 27 level. It does and Vance far from that Point but is being purchased every time it reacts to it. I Pacific Oil probably made the Strong est Effort to forge ahead of any other member of the group. It advanced sharply from 54 to 6s, on what appears to be Good buying. On recessions the volume diminishes constantly but it becomes very Strong As Tho stocks proceed upward. Steel stocks the steel stocks suffered another week of decided weakness in spite of encouraging reports coming from Dif Ferent quarters of the Industry. United states steel which had displayed remarkable strength up to april is. When it touched lost practically its entire Advance in three Days. The encouraging feature of the decline is the Small amount of stocks that came out. However the Stock had to retrace its step Back to 113, or within half a Point from its last Low before sufficient buying Power was attracted to Check the de c Hie. Bethlehem steel after in Sharp bulges to 43, declined ii Aln to its level from which it seems nimble to Ket out. At that level buying seems to he going on but it us Roon As it advanced. Crucible has fallow ii Jiom and Vance entirely ant Ionics in if it would decline to still lower at present Levels it fails to attract any buying Power whatever. steel and Iron deems to be in the same predicament and the situation looks like still lower prices. J brazilian traction is steady Market Leader Canadian Tress despatch Toronto april trac Ion was the most Active Security on saturday s Stock Market the Pulci ice Dong steady at 52. A single smal 5t of twin City shares earn1? out a 63 1-2, an Advance of 1-2 Point. Consumers Gas was steady at 1703 to 170 7-s. A few shares of Bell Tele phone changed hands at 13j 3-4, to 135. City Dairy common was steady at 77 Atlantic sugar common finished 1 lower at 27 3-4. And Dominion canners common was 1-2 Point up at 103 1-2 consolidated smelters closed 1-2 porn higher at is 1-2. Local Nickel shares sold at 30 1-2. Little activity noticed in Brief saturday session press despatch Montreal april 28. Little interest displayed on saturday s Stock Market. National breweries was the most Active Issue and was also the Strong spot of the list closing at 52, 1 or a Advance of one Point. Second in Trade volume came Atlantic sugar this Stock suffered a recession of. 1-s at 27 3-1. Dominion to Tlle close s at 74, for a Sain of 1-2. Dominion canners and Dominion Bridge each with a loss of one Point were the weak features. The former closed at 104, while Tho latter finished the week at 81 1-2. Other Price changes included arbitm up 7-8 smelters up 1-4 Sherwin we Liams off 1-2 steel of. Canada up 3-4, and Winnipeg railway up 1-4. Total sales Bonds Money at work explaining Why and the where fore of one feature of the financial world. Banks protect against yourself n order to protect both themselves and you almost All savings Banks have rules which you must agree to in order o Deposit your Money but which the Banks Seldom. If Ever enforce. The rules of almost All savings Banks provide that you. The depositor must the Bank 10 Days written notice before you can withdraw any sum Reater than from the Bank or 30 Days written notice before you can withdraw any sum less than neither of these rules is generally enforced. You May withdraw what Ever sums from your savings account you wish by merely going up arid ask no to do so. And you can Ilso set our Money in any shape or form you May a Rule. Such rules protect the Bank however in limes of emergency. They can be used to Stop Una panics. Copyright 1325. Associated editors inc commercial failures by districts him to monthly reports show that the amount of liabilities of failures in Canada were larger in March than in february. Decreases of the amounts occurred in the maritime provinces and in the Western provinces but there wag a moderate increase in Ontario and a Large increase in Quebec. The March Index numbers were All Canada ss.4 martime provinces 38.7 que Bec 140.3 Ontario 42.6 Western provinces 70.2. New York stocks bios Clark Martin co. Tork april 25. High Low close open Copper american smelt. Anaconda. 36% 56% c Erro do Pasco. E Chino. A it 10 inspiration Kennicott 4-7% 47% 47v4 4714 Ray consolidated.-. 12 Railroad at Lipsou . 320 bait. Ohio 74 74% can. Pac. Rail.141 141% 141 ill a Thesa. Ohio. 91 3hicaso North. To -18% Erie 37v, t. Northern pro isl it Kas. City South. .52% Lehi Frh Valley 77 "mis., Tex. 32h mis. Pacific com. Mis. Pac. Pref. New Llavon. ._.-. Div York Gen. North. Pacific 58ii Pennsylvania 44v o Pere 76 30 a ill a 59 44 Reading. -7714 Rock Island 43 42vi St. La san. For. 74 South. Pacific 103 103 Southern by 89 89 88% it. L. Southw. Union Pacific Wabash 21 Waba Aii 6211 equipment am. Car Fly 197 am. Loco._______121% 122 12114 121 Salow in Loco. Ivov. 11014 Lima 64 Pullman co. 130 rail. Steel motor 3osch Magneto Chandler general motors 7214 73h tack truck Packard .------21j4 21v Stewart Warner Strombery Studebaker Wilts motors willya Over Oil Calif. Petroleum. Imperial Oil 29% it petroleum___24% Marland Oil 36 a 36v4123 55 k 72% 51% 14014 23 2314 52 56 45 45 61 139 2a iz1 so 29% Hillips petrol. Of 2614 Loyal dutch Sinclair cops. Stand. Oil off Cal. Stand Oil of ind. Stand. Oil or . Stand. Oil of . 41% Texas co. Oil 84 a steel Bethlehem steel 4096 fuel Iron Crucible 66 Gulf. States Teol _ Lep. Iron steel 43% Replogle d. S. Ana Lurn Hubber fake rubber co. Goodrich. 52 u. S. Rubber apr beet sugar m. Sugar co. Uban am. Sugar tobacco 3on. Cigar Myers Reynold a -----------74 tobacco products dept. Store Lay dept. Ears Roebuck----153 -----.120 36% 72% 42% 8415 40% ,66j5" 61% 59 86 a 49 w 41 12% a 35 66 a 10 43% 13% 114 4 114 a 86 i 4304 14% 52 14% 153 10 518 a 74 103 153 of Loffl a ____120 Exchange my be close Tho Winnipeg Stock Exchange will be closed on tuesday in Honor of the Merory of sir Augustus Nanton whose funeral takes place that Day. Sir augus Tus was one of the charter members of the local Exchange. 41 a 57 79 135% 4s 40% 40% 55% 56% 78 a 78% 6514 103 a 99% 103h 85% 171 Iri 3j6 34 39% 135 36 39% Utility Stock a am. Tel. Tel.135% am. Water works 48 by k n Man. Tran. 4hi Columbia Gas 56% cons. Gas 79 pith. Serv. Of n a. Air reduction. 99% Allied 85% Allis am. Can co.171 a 171 am. Express .136 am. Int. Corp.34 am. Woollens -__39% cast Iron pipe .135 Central leather coca cola 99 Cong oleum confluent no can 63 Corn products Davison chemical Endicott Johnson. Famous players _ 96% Fleisch. Yeast-----8o% general Asphalt general it. Nor. Ore. 27 i int. Harvester ind. Alcohol. Int. A Luckel -._. Sos is Orth am. Co. 45 pm. Pc read. Coal Pittsburg Coal radio corporation 60 a 6l a Simmons co. 34 a 35 24 a Texas Guk sulph.104% 105% 104% Westing. 6714 27 27 63 36 32 65 i 97 65 97 80% 48% 257 v 266 27 a 104 a 8414 84% 3054 45 38% 40 60% 35 105% 65 96% 60 new York curb close the following quotations were quoted by Osier Hammond Nan ton Standard Oil of to Standard Oil of new to 4.2 Imperial to International to Continental to Continental rites to 85. British american to 39. Bank of Bank of Nova Royal Union Bank of. Mining stocks Osier Hammond Nanton Gold 34 to 35 Bea ver 34 to Clifton. 11 to Crown Reserve 39% to 40, 40 to 41 Castle 79.to Indian 9 to West dome cons., 14% to 15 Ever Ett s to Hollinger 1410 to 1425, 1405 to 1420 Krieley 195 to 197 nip Issi Nir 583 to 59io new Ray 21 to 23 Teck Hughes 140 to 142, 141 to 143 Vipond 118 to 120 Capitol 28 to 29 Premier 238 to ,240. Bourse in steady cum Ian Preu despatch Paris april were steady on the bourse today. Three per. Cent rentes 45 francs 20 centimes. Exchange on London 92 francs 70 centimes. Five per cent loan 66 ranch 10 centimes. The United states Dollar was quoted at 19 francs 25 centimes. Stocks and shares on the Montreal Stock Exchange prices show More strength buit trading very outnumber losses 8 to 5 in narrow group is better in Diar. Cotton has rare spell of activity and is bid up on expectation of Good 1924 report. Special despatch free Montreal april Dill Ess marked the closing session be week in the local Market. Few saturday sessions this j ear have Een productive of so Small a total f trading and few have been More Evoid of feature. However prices gain showed a stronger tendency it gains outnumbering losses Igi it to five Over a narrow list while average Price of Twenty listed Ocks was up .15 a joint. National breweries was Active Lead r with a turnover of 855 shares. There were no rumours of a Settle pm of War Over the Weisik and it was Learned that there hinge in the situation. Josiph Eubien president of. Frontenac re turned from new York today. In ome sections of the Street Are be a. Discussed the new possibility of Frontenac making another Price Cut o bring the matter to a head brew Ries shares continue to. Provide treet with they advanced Point to 52 on saturday. Outs Ide f. Weakness in a number of issues which had been moved up very Lamply. New Tork was quite Strohs though most of the buying was at buted to Short covering. Further strength i was shown on saturday by textile shares. Bpm in n textile was in fair demand and used at its year s High of. 74, lip future business Outlook stated to be excellent finn foundation of Prosperity assured by Good prices for farm products a Peell news despatch in free Tress by free press Pirato wire by Todd w. Wright new York april of the deepest indigo Hue continue to come from some quarters in connection with the business and Trade Outlook for the balance of tha year. Tho recent decline in Security ands Grain prices have created a doubt As to this real soundness of business conditions and it would seem that Many have been influenced More by the declines in the markets that by the actual facts underlying present conditions. It has been pretty Well proved by the record of business cycles in the last 1 new years that during a period when farm prices Are relatively too Low and the farm country is in a de pressed condition real continuing Prosperity cannot exist. That condition has now come to an least temporarily and probably permanently. This is a Basic Factor to be overlooked in estimating Tho future Industrial trend of things. Much depends on crops much of course this year depends upon the outcome of the crops hut that the agricultural interests have been spurred on to a stronger Effort than Ever a shown by the table of intended planting for 1925, issued by the United states Bureau of Agri culture economics. The comparison is for acreage grown for Harvest in 1d24, placing the latter at 100. Their is an increase in acreage varying from two Par cent to 20 per cent in every farm product mentioned except Irish potatoes and flax prices for most agricultural product Aro much higher today than they were at this time last year and the outcome of the Harvest in View of new conditions surrounding the farms will be looked for with More than usual interest. The rapid Rise in the Security and Grain markets last autumn and Early this Winter was followed by speculative or Long time commit ments on this part of manufacturers. They maintained a conservative pol icy of hand to Mouth buying there by enabling them to curtail or expand production in accordance with current needs and As they have stocked up drastic curtailment of production Wilt be necessary. Such policies have become practicable of course As the result of improved transportation conditions. This gives the manufacturer Assur Ance that Tho conversion of raw materials into finished products and. Their distribution can proceed at a Well ordered Pace. Metal Industry is sound there have been slight curtail ments i n the Iron and steel Indus try and in certain other Lin ifs but this curtailment followed notably High Levels of production. Further More it is important to notice that there is usually a slight recession n All industries in the Spring and sum Mer months a fact which does warrant question of. The stability of present . These curtail ments have Tot been Large enough to affect employment which to increase in practically All lines except meat packing paper products and printing lines. So while Piliere will probably Al ways be those who take a pessimistic viewpoint whatever the condition. The present situation after a Tho rough analysis of Basic conditions May be said to be anything but favourable. Irregular Price week end session commercial solvent issues Many Points to prices la below year s High Loci press new York a developed the close of saturday s of the Marker utter a irume irregularity we Clines took High priced specialities. Commercial solvents York. April 26. U a a a. A. D. Morgan comptroller of the great West life Assurance company who a in charge of the entertainment provided Ivy that company for the delegates to Tho life underwriters or Athenna on tuesday evening. The convention will be held tuesday and wednesday. Montreal stocks abit Ibl. Asbestos corp. A be Scot pm Atlantic sugar Boll Tel traction Crompton paper. Canada car steamships . Cotton can. Cement can. Co n be r 10 is can. In. Alcohol Pom. Bridge. Canners 3om. Glass., Dom. Textile. Howard Smith Mcdougall Cowans Montreal. April 25. Open. High. Lou. Close. 63 Byz 63 be 59 59 59 59 91 91 91 91 27y4 28 23 135 135 135 52 5214 52 to 43 43 43 109 109 109 102 a 102 h 82 82 82 90 t4 92 104 104 109 a b 73% 74 26b _ 80 80 Lake of Woods. 182 182 font real Power 176 a 176% 176 k. Brew. S3 51 Oslo Vale. _ 136 135 149b Artoe i3ro339a 39 Quebec by. St. Laur. Flour Slaw intern. 57o smelters 6s it 68-u Spanish River p. 116b steel of Canada 84 84 was. Elec. By. 42h War Loans 1925 100.20 100.20 100.20 1931 102.10b ._.102.10b 1937104.06 104.06 104.06 104.06 Victory joans 1927 5 a 102.8010280 102.80 1933, 106.50 106.50 106.50 1934. 516 104.15104.15104.15104.15 1937, 19j2, 103.20 103.20 103.m 103.20 1928, 5 100 75b .100.75b 1943, 5 302. 45a .102.45a 135 52 22 a 44b 43 109 38t 16h 16s 90 92 104 104 109 73 4 74 26b 30 182 52 136 149b 39a 28lib 137a. 68 68 h9a s4 84 4214 42% 80 1s2 136 39 96.65 s6.6s 96.65 1944, 4 Commerce 193 198 198 198 vol a Scotia 263 263 263 263 244 244 244 244 stocks were Oil Points from the year s motors broke 10 Points to 350 and vow recovered halt its a in the rails Reading stood out Movens up 3-2 Points to 77 t Pacific and Canadian v rallied 1 1-2 Points to 135 1-2, respectively. Rail rays of Central America advanced one Point to a new 1925 at 6.5. Northern Pacific Sank at 58 1-4 but later rallied abet Point from the Bottom figure. O her i r a Atli Hov rat lerp Llo a i Ift Ufa Hudson and Norfolk and sont Librn ill of which closed one to three Point Standard industrials steady Standard industrials showed Mil change on the Day. United states Steri and Baldwin showed Maii fraction gains at 115 and 110 7-s, american can closed nearly a Pipit lower it 170 7-s. Good via noted in air reduction Burns Roth ers International Eosin ass he. Chines Maxwell motors Pierce Arrow preferred Frank g. Shattuc United states cast Iron pipe United states realty and h Estera Union. The weekly Clearing House statement showed a decrease of in Loans discounts and investment an increase of 513.2ss.ooo in the Reserve of the member Banks in the Federal Reserve Bank a. Of in demand deposits and a drop of in time deposits. Ass rests Reserve totalled leaving excess Reserve of As com pared with a deficit in Reserve of the week before. Total 433.600 shares. Mann i c a Lov Urt be dip 1 Bre 1 it a for Montreal sales april 25. 1925. Cosler Hammond Nan ton Sellers. Bayers. Commerce i3gi Dominion. 194 394 Imperial a 1b5 34 Montreal 245 Nova Scotia _ 26o Royal 255 Toronto 199vv Union. Ill 110 Miscellanea brazilian traction 52 52 c. P. A. 3415a can. Gen elec. __53 50 can. Cement 1q3 can. Car dry. 46 44 can. Steamships pad 43va 43 Dominion 92 Dom. 74 73% land of milling 18k 181 Lauren tide. 80 Montreal Power 1763u Ogunle 135% shawl Nilgun 133 157 steel of Canada com 64 Winnipeg electric by 42-% 42 Money on Call . 5 time. 41.Sterling Cable 481% y. 431% demand Montreal rate. 481.50 actual. 431.50 sixties Montreal rate 478 no t. Actual. 47g. Y. Funds Montreal reported by a Mcdougall Montreal april Atlantic at 75 at 2tk 25 at 115 at 28. Bell at. 13s. At 52 55 at 52. Annada at Canadian Industrial g 15 it s at f Canadian at 82. V can. At 12, can steamships at 43. T consolidated at 6814 25 63. Canada at 109. Doll Nwoji at 73 i 375 at 182. At so. I do minion at 104. J Price at 39. I Montreal at 176 a 30 176 ii p Asbestos at 59. Asbestos at 91. 5 National at 70 it i 51 a. 520 at 52. 5 abit Ibl at 125 at 63au 40 at Detroit at 5. Ottawa Power at of Uvie at 136. Stiel of at 84, Dominion at soft 100 it 91 i 15 at 92. Victory loan at 109. Victory loan at 104.15. Nova at of at 244. of at Winnipeg at additional finance on eleven j Ter Dot i Bei e i the f til i p i a by i i tin g in 1 a for s Doc f is ill the bidding up of Canadian cot tons was the spectacular feature however broken lots Selling at 109% to bid Price being advanced to 115 without bringing out any Stock the lowest offering being the Rise of the Pound Sterling has meant Ucli to Canadian textile manufacturers whose difficulty Lias been operating under the Handicap of a preferential Tariff fax Oring English manufacturers with the added impost of depreciated cur Rency in the country of this com petition. In the Case of Canadian Cottons such moves As this one form part of the history of. The Stock. It has an. Active Market but three or four times a year it comes to life and buyers bid. It up to. Efet Stock. The annual statement the company will make. Its shortly and is pretty generally expected to show the eight per cent dividend earned. The dividend even in. The poor business of 1924, was at no time considered in danger. The. Company is in Strong financial Posi Tion and an this class would seem to have -.room, above 110 with improvement in. Bust is going on. This better ment is pointed to by the importations of textiles mostly raw Cotton for March which were up about 1% millions Over March 1923, although the Price of raws is lower than a j year ago. Four times he put us off then death stepped in when fire destroyed a Large hotel in a West Ern Canadian City one Winter morning two men were burned to death. One of these had applied for an Imperial life policy a few Days but he had failed to keep any one of four different appointments he had made for a. Medical examination. His fait Nily thereby is deprived of the insurance Money he intended they should have. Strangely enough the other Man was insured under an Imperial life policy. And although his policy had been m Force Only seven months our Cheque was sent to his family the very Day proofs of his death were received by the company. Even a Long life time is always sufficient in which to accumulate enough to protect one s dependents. But an estate definite certain and permanent can be created in a few minutes through an Imperial month Len income policy. Just Send us your name and address and we u mail you a Booklet which tells More about it. The Imperial life Assurance company of Canada head office Toronto j. L. Wsnnip., f. W. Holmon Branch Brandon by t ;