Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 8, 1925, Winnipeg, Manitoba Manitoba Ituau press Winnifer saturday a Opst 8, 1935 Money and business Winnipeg Trade volume is Good say credit men optimistic reports Are general Over Trade is Good with prospects better Tho weedy report of the Canadian credit men s Trust association limited reads Halifax merchants report very Little change. St. John Trade reporter Juiet and retail Trade somewhat Sluk. Collections fair. Montreal wholesale Trade reported fair also retail Trade. Manufacturing and Industry Trail i conditions reported spotty. Collections nil lines Toronto wholesale and retail Trade fair with hardware showing some activity. Industry in most lines in improving slightly. Winnipeg wholesale Trade Gener n by reports substantial volume of business coming in with prospects for Good fall Trade. Retail business in City fairly satisfactory with usual sales to stimulate movement of seasonable summer goods. Collections fair. Regina wholesale Trade fair to with improvement looked Foi this month. Retail Trade fairly Good for Nason of Tho year. Collections Siow. Saskatoon wholesale Trade fair Oil retail Trade not up to expectations. Collections fair. Calgary retail Trade in cities quiet us usual at this time. Business Al country Points showing continued improvement. Franc tin in Ili Iii a showing substantial increase Over foreign Exchange Tho United states Dollar was quoted at Par. British Pound was quoted at ?-1.85h Normal Price without Batik charges j4.s6 2-3, the following quotations Are in cents per unit of foreign currency Day s Normal Price Price belgian franc 4.60 19.3, brazilian Milreis 11.98 54.6 danish Krone 23.22 26.s finnish Fin Mart 2.b6 19.3 French franc. 4.76 19.3 German Reich snark 23.95 23.8 greek drachma. 1.63 19-3 dutch Florin 40.43 40.2 Indian Rupee. 36.96 4s.o italian lira 3.70 19.3 norwegian Krone 1 8.84 26.8 Spanish peseta 14.55 19.3 swedish Krona 27.06 26.8 Swiss franc 19-65 having been associated with the original Issue of the following securities we Are at All times prepared to quote markets in them. Bonds Montreal tramways Gen. 5 s.1956 . 4h s .1944 Bell Telephone 1st 5 a. 1965 Quebec Power 6 s.1953 Jamaica p. S. Brompton p. P. 6 a. 1939 Brompton p. P. 8 a. 1941 Howard Smith 7 s.1941 Drummond Chr. 6h s.l938 preferred stocks United securities.6% Ottawa l. H. So Power 6h Brantford Cordage-.-. .8% Continental baking 8 Jamaica pub. Service .7% greenshields 17 St. John St., Montreal milk mount Bojc hotel building Tobo to Ottawa King sum e. 46 Ella Senft same period last year. Prospects exceedingly Good. Edmonton general business conditions Little changed. Vancouver wholesale dry goods and boots and shoes fair groceries Good and hardware fairly Good. Collections All lines reported fair. . Placer Gold strike attracts Many prospectors discovery of a hew Placer sold Field in Central British Columbia Only a few hours travel from the railway by Way of Hazleton is re ported. The find was made on the Kisgegas River a tributary of the Babine River which flows from a Bine Lake North of the a Bine Moun Tain Range. There has been quite a Rush of prospectors during the past month and claims have been staked and some of them Are now being opened up. Production of Anthracite beats previous records i new arrivals in fall suiting Duncan Cameron production of bituminous Coal in the United states during the weak ended july 25 at tons com pared with tons produced during preceding week. Production of Anthracite during week Jelly 25 is estimated at tons largest weekly output so far recorded during present rear and an increase of tons or 3.2 per cent., when compared with the pre ceding week. Mine share activity the Best idea of the scope of Busi Ness on the Standard mining e change at Toronto can be secured by recording the volume of trading Dur ing Tho past two years in 1023 the High record for a number of years was attained with shares representing a volume of sales for 1924 were considerably less. But were in excess of several previous to that the number of shares bold being with a value of merchant tailor. 1307 fort Street 189? a27251 Telephone pen r lit Ltd att Mefi Molly. Atli fit still it be obtained of Leadro in Canada. In hic i in Money to loan on improved farm and City property head office Victory building Winnipeg branches Regina Calgary Good business site for it. Of land on Carl ton St., Between and Al lace avenues Biea Runft. This property should increase consider ably in value when mall completed. A Good Chance for investors. Apply to e. K. A i m 150 112 164 is a an interesting Story is that told by the returns Ramadei by the chartered Banks in the statements made month by month to the inspector general of Canadian backs this figures show the demands made for capital they show the savings the people and the use to which the can pcs Are putting their funds. Taken in conjunction with statistics of production the chartered Bank statements Tell the whole Story of Canada s business life. The publication of the june statement makes possible a comparison1 of conditions at tire end of the half year with those existing at Decem Ber 3924. The comparison shows that the people of Canada have saved in that time Ings deposits now standing at the High figure of at the same time that Thea basis of credit has been expanding however cur rent Loans have shown an almost steady decline. Only once this year has the Dow inward swing been if Terru Ted and the decrease in six months amounts Over the present total being this decline however floes not business. Corpora Tion earnings this year Are showing healthy growth Trade figures reveal a greater Export total Bank debits compare Well with last year s Cor responding figures car loadings on Canadian railways give proof of 4 sound increase in the Sale of Many commodities. The conclusion to be reached therefore is that credit is being used More cautiously by Canadian business men and that Cash transactions Are on a larger scale. Weekly Trade reports Corro borate this conclusion in their uniformly More cheerful reports on collections. Stiffen tone is evident in Metal markets at 14 6-8 cents All producers Are no 14 3 4 cents. Outlook appears for higher priced though it is Zinc continued to Advance. I rime Western Zinc is 7 60c a Pound continues to be both Vork actual 481 75 cents a Pound both in jew new York funds Montreal rate stocks am shares on the Montreal Stock Exchange Montreal Power leads Way teaching a new record Power Par to new Industrial alcohol pays off All Borhidi leaving common Stock to Divide All profits. Special Ileo Patch a the free Iron Montreal aug. By Montreal Power be ticks on the local Market Friday gave an Iii Presslye upward movement in a broader and More Active list. Impressive buying in Power carried that Issue Well beyond the Mark set last year and this move ment seemed to carry Tho rest of Tojo list along with it for rhe Market at the tredent time Secir in a sympathetic mood. Another Power to score a Good Advance was a Lauren tide Power which in lanced your Points to new High of 103. Recently there has then talk of this company being bought from the company by Shawinigan but the Story has been without substantiation consolidated smelting was a Strong spot but aside front an Advance in the a face of Lead and a stronger tone in american smelting on the new York Market there was nothing Spe Cial to v explain hip strength. Thus far the Street is without any. Inti Raar Tion As what shareholders can expect in the a vhf Boniti. Which. The directors intimated would be Montreal Power gave an impressive display in Friday s Market in moving Forward to the new top level of 203 sex dividend. 2 per cent Mak ing a net gain of 4% Points on the Day. The Market has generally come to expect such movements by this Sterling performer a Slock whose Post history is not excelled and it can safely be said not oven equalled by any is Iii on vhf Board ment buying in the Stock at the pre sent time is said to be of As Fine r nature As at any three history. That the Stock will be split up seems an assured fact but just when this recapitalization will take place is a matter of conjecture about the Street. Price Brothers was again a Strong feature in Tho list on buying that was for the most part from ii Ondon. The present purchasers would seem to rely More on the future Outlook for this Cori Pahy than Liny immediate development that might come up. Potentially the company looms up As one of the powerful Canadian industrials with its huge limits its growing paper production and Valu Able holdings. Canadian Industrial Alcor i with in the past few weeks has freed it self of a remaining Block of underly ing Bonds which was Rar Ripert in Fth last balance Sheet at j179.000. The Bonds the duo Date for which was july were paid in full on july the Issue original a was made by the Corby distillery company and was assumed by the present company and amounted to shop Odo. I to Tho maturity Date of the Issue Lias been paid off by ballot. This opera Tion leaves the company entirely Freo of All Fri decl indebtedness and to there is no preferred Stock the com Mon in now the sols capital Issue ranking to share in profits of dip company. According to an official of Tho organization sales have not been quite so Good As during the. Banner year of 1924, but they have been sufficient to permit of earnings during Tho first nine months to adequately cover the full year s dividend require ments on the common Stock. Canadian net debt is lower by 16 million to loan at 9 25 at 90 at 9 a. St be 198 145 it i 109 _. R Sti-1 2nd p it 9vi to j t 3co at Aan. St pc 27% at.80. Can Cotton at ?5 Price 485 at 100 75 it 54 80 at i. Montreal 198 a 10 at s at 199 415 Al at so at Nat at 45vt. Abit Ibl at 66k 86-at 67u 100 at 67. Ottawa at Quebec a1 113. Spanish River at 114. At 169va 25 at 164. Spanish at Victory at 10395. Royal at 295 a. Union at 117. Winnipeg at 5 at at Al. 700 at s2. Afternoon sales a Mcdougall Cowans my Treal. Aug. 7. At 58 10 at 57v4 Canna la. At 109 i 50 at so 25 at can. Lizul. At 15. At 44vz. Can car at 78 Lyl 1 at 955 at 110 100 at Howard Smith b. E. Steel 2nd at 10 25 at 3b. Is. Teol e8. Cotton at 95. Price at 64, Montreal at 201 at 20 v4 390 at 370 at 202 285 at 30 at 203 80 at 208tt. Asbestos at 69 10 at at 101 25 at Nat. At 64ft, at 164. Winnipeg at 5e94 60 at 2co at Sli a 10 at 52. To at lower Bank rate has Good effect in England Canadian i Row London aug. 7. Quite naturally the chief matter of interest on the Stock Exchange Here this week my been the reduction by the Bank of England in the Bank tote from 5 to 4% per cent it was entirely unexpected and caused of an upheaval but its effect Jjon Hist class investments has Beth. Don Tuttie edly favourable. Fixed interest Bear ins stocks Are decidedly firmer and Home rail and common stocks Nave displayed an improvement la nearly every Section. _ _ mining stocks. Osier Hammond Nanton Argo Gold 24 to 25. Beaver to 32h Crown Reserve 17% to Castle to 93. West dome cons., 14 a to 1494. Everett Wilo 5. A Olhiser 14.75 to 14.85. Kirtland. 43 to 45. Kinaley 1s6 to 1s6. Shore. 6.35 to . Jiming corp 256 to 257. Sight Haw i 23 to 2i telc Hughes 187, to 168. Temiscaming Isa. Vipond 120 to 123. Capitol 2b to 27. Premier 2.10 to 2.1g. Ottawa oht., aug. Ordi nary Revi Mie tour months of the present Fly pal year ended on july 31 shows an increase of Over the same four Man this period last Vear according to the Hooka of the department of Commerce. Ordinary reve me for the four months of 1925, which Lave amounted to for the same four months of 132c the to unt was figures for he month of july alone show an in crease of in Ordinary Revenue 1354. Last month Ordinary collected a Motte d to. 743, As against in july 1324. Tho monthly figures however. Show an increase in Ordinary. Expert Tim i month of compared it he july 4, of the a Omar Nilve Are 1921, 1125, 524. Payne nos during the Lorith of july of tile present year to 135. Being Krucli her than in july 10b4, when they amounted of Canada july .1 of the present year stood at according to the books of department. This is a decrease from the net the same Day i 3 ear Ngo of the statement of net debt does not include guarantees of Canadian a Lonal which Are shown separately in the annual statement of Public As indirect liabilities. Money at work credit should be handled carefully High explosive. Bigger rubber shipments not coming til october Canadian Cable London aug. Mouth or so will Proba Bly elapse before of reial i figures Are res Rardin the revised Malayan assessments but according to authoritative views the Max Fitiuta increase Jin the monthly rubber will not be than 7bo tons Wiillie in some Quai tera no More than Bod tons is exl petted. Any actual increase in the shipments due to the reassessment is not expected Heloise october at the earliest. Con. West dome Sells in vol Urtie at Toronto 1 Tess Msj Vodli Toronto aug. On tha Ataii Dard Jii Nius Exchange was quiet Friday. Coos arable was done ill cons. Vav. D. Like at 14 and Katlic preferred buyers us qty Days sold at 5. The preferred Stock wac i a tonally lower at 4 7-8. Mclntyre advanced 25 celts to 19.50 and Teck Hughes was up at 189. I Pond was also up two Points to i2s while Keeley dropped one to js5. Lorrayn was fractionally higher at 11 while Dat rage dropped a Hall to 2bmi. New York curb close. Osier Hammond Nanton Sta Carfl Oil of Standard of of Imperial International y Continental Brush american Banks. Sos 805. 19s. Nova 116. New development planned Capitol Silver mines Lias decided to do a limited amount of Diamond drilling from the Cross cuts that have been or Lar Nen either Sidis of the Shan it i to Sjo to. Level. To flir nil ii roil tied for East credit watch carefully the wreck of Many a by Rihem shift is on the rocks of Fetty credit. During periods Creflo 18 easily obtained by businesses of them succumb to the tempt Klijn of Over expansion in an Effort All the usually this Over expansion takes place during a period or rising prices and the prospective bust Ness which the Eye Fri Filon u1h Tafte care of is merely of a temporary nature. When buyers tighten in this tem Phi Ary business is wiped out and dem have Shiju Sasdi in re flan cons during the period of great buying frequently Are Hora lift to make interest payments on and Are obliged to forego declaring Stock dividends altogether. Credit is of course absolutely Neces sary in Commerce met Cury is essential in Medicine. The mis use of either of them brings Quick and drastic penalties and Nuller Njg. When the need arises to use Mer Cantile credit in a business the Tor rowers should be certain that this credit is As skilfully am As As High explosives. Properly cited. Both have great poster for doing . Iks inc " Metal markets new York firm Elf tool stir spot and futures tin firm spot and nearby futures s59.32 Iron steady prices unchanged Lead steady spot j8.7s to 25 Zinc. Firm Bast St. Louis and futures s fio. Antimony spot to Bond pricks Allan. Killam Mckay Ltd. Furn la the follow no approximate Bond quotations. Of reflex letters Are Moody 8 x Means rate nor not yet issued. Price. Yak old. A Alberta 1954 94.55 s4.83 aaa Bell Telephone. 5. 1965 100.25 5.00 x Brand ram Henderson 6, 1939 93.75 Ita British co. Our. 1942 94.21 x Bawlf graph. 1939_ 99.00 aaa . 5, fit rial. A Canada bread 6, 1941 104.50 aaa can. Pc. Ray. 1944 93.82 aaa done of Canada guar. . A 1954. 101.75 a a Montoli schools 1963. 102.45 a e. Or. 7. 1942 102.60 Baa Al Aser companies 6, 1950 98.50 aaa Hamilton 1s27.100.00 aaa mount Royal 6, 194499.79 x Minn. Ont. Paper 6. 1945 98.00 it Lontreal trame., 5. 1965 94.09 s.10 aaa Montreal schools. 5, 1945 100.75 4.9a Montreal aptn., 1940 98.50 0.65 aaa Manitoba 6, 1930 104.50 aaa Manitoba. 194s 96.17 Baa Manitoba or 7. 104.50 Baa Nova Scotia a 1959 74.18 700 f Ottawa tra-o., 5h. 195s 101.00 5.40 aaa Ontario Hydro 1960 95.00 -v80 aaa Otallo. ,1944. 96.84 .4.75 a Prore bros., 61 1943 101.00 6.90 aaa Quebec harb., 1. 1941. 6.70 6.60 4.80 5.5s 5.00 4.88 6.3s 6.75 6.12 4.50 5.10 6.18 4.b8 4.80 6.55 89.v7 4.95 Ana Quebec prov 4tt, 1950 97.12 4.70 Baa Quebec fir., 6, 1953-. 103.60 5-75 . 1944. 95.31 4.87 a. So Peon b Ltd. 1945 100.00 6.50 pc Toronto carpet co. 6, 1944 100.00 aaa Toronto harb., 19b3 95.00 4.85 x Waya Sansch. 6va, 1930 99.50 6.62 aaa Winnipeg 1950 95.60 4.s1 a Winnipeg water 5, to Baa win Ripe i 6. 1954 97.25 _b.2c Sterling Exchange new York up Exchange stronger at 81% for sixty Day Bills and at for demand. Foreign bar Silver Canadian dollars. 1-32 Premium. Francs demand 4.s8v4. Lire. Rte Riande 3.69. Safety Deposit boxes holidays this is commencement of the Holiday season and you will be thinking about a Safe place for your valuable papers and surplus jewelry too. Why not use one of our safety Deposit boxes this purpose the Cost is Small. You will find our staff courteous and ready to Render prompt service at All times. We invite your inspection. The Standard Bank of Cha Maida. Winnipeg s. Manag Tir Portage ave. I Mckenzie mafia or c. B. S. Beatty who Lias commenced business under the name of the b. T. Offer eap Oliance company or. Beauty has spent several yearn in the office appliance business and has n knowledge of All its brunches. Winnipeg stocks Winnipeg a up. 7. Par value. Asked Beaver forc co. 100 105 can. Fire ins. Co. So 65 can. Pac. . 300 m2 Crescent 3oo 60 it. West life As. 100 Home inv. As. Ico Xor. Mort., fully paid Joo kor. Mort., e0% 100 nor. Trusts 60 Donlon Batik of can. 100 mpg. Bloc. Ray co. 101 Brit. Am. Oil co. 25 North Star Oil co. Or. 5 Western growers pad. 100 Al. By. Co., or 100 Bingo mines can. 1 War 1986.-. 193j 1937 refunding 1928 1943 1944 Wor loan renewal 1927. 1932 927. 102.10 19jj 105.80 306.00 1934 103.90 1937 308.60 108.85 quotations on Victory Bonds Are for denominations. Silra at 102.25, at 102.25, 1.000 at 102.25. At 10z. Al 105.80, 300 at 103.98, 1.000 at 103.85. 1937, at 108.60. Organizes chamber easier British Columbia has or Gan Zed a chamber of mines with 63 charter members. The Hon. President is the Hon. William Sloan president 65 75 35 1j5 58 too z2 95 7 102.30 104.40 100.30 100.75 102.10 07.00 i01.ss 103.0o Many Industrial stocks soar id record Heights . Steel leads Market sweeps Menton full control of sesson. Now York Auk. 7. An of m Stock caused a. Rubs Tallal a crease n Industrial . The which ran 5rom 3 in 10 Points i Many was by stains Stool Rommon Uirt the swe Rinrin Valeria l 1-l.ooks. Stales move up 3 to l i 1 7-s, ii Reao Pii March. For Chi donned in. Ivoin assertions of new York inn Kors i he Reduci m in Tho Hank of nil. Court lie an that in i new Bort k Servo Likely. Midland Sicol soared 11 pal Nib to a new at 143. uni Hay new York i . Jumped 30 o a record at or Wott than 100 Points a have transaction a few Ngo. Genera Kloc Tran a loved 56 Polonti higher at 310. Afir As As Mack Points to ifs. Ami in an can in Over s Points. Of Rossiii 218 Klipst in he Hlf Story. Van All Rico Titi Harp Fai Ilik. "nickc-1 1 pulp Coil Mot Jumpei 7 Points 10 1n3 Ferroil Novod up to a new 3925 dirt at. Us Chosay pack and Ohio i ninth at mar. Qunlan showed a net Mill of 3 Polini at 68 3-4. Cirlo Romni i and fun tune second preferred Carh the Bains of about. 1h pc nos. Call Money ruled unchanged per cent. Total Salon. C. D. Blackwood of be Loon tary Fred a. Starkey. Of u treasurer 13. Vav. Matthews Alto 6 Nelson. 160 Canadian Kold so Lviv have paid in dial Delia in their stockholders up to or cml time. In Pissens loads in payment with a total of limit he linger follows Clow on its he Eta Wilt a total of j28.1s9.000. T. R. Billett co. Stocks and unlit Ltd securities 307 Paris building Winnipeg daily opportunities Are offered to the Man with ready Money. Accumulate a fund so that you May be Able to take advantage of just such opportunities. Systematic de posits in a savings account will enable you to do this. The Canadian Bank of Commerce with which it amalgamated the Bank of Hamilton capital paid up Reserve fund wimp leg Branch main and Mcdermot Bra Rock m. G. Hurlburt 13 other a Winnipeg Clark co. Stocks Bonds and Grain direct private wire to principal 232 Portage Avenue Winnipeg phones a288i-2882 London Ana new Yorac in these two great Money markets of the world the Dominion Bank maintains its own offices and is Able to offer the fullest facilities in the handling of for eign Exchange and International business of every character. Prompt service is assured on All telegraphic and Cable Dominion Bank London office 3 Weihua St. E. C. 4 Otto Clarence a. Bogert Wii Picc -H.K. K. T. By Ultra in ;