Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 11, 1925, Winnipeg, Manitoba 12 Manitoba Ujj Kumji t uj4sjjay. August 1925 Canadian Pacific directors declared regular dividends yester Day on common and preferred to holders of record sept. 1. _ fir i i 01 the do siness won Trade and Commerce mines and the Money markets total Canadian farm Mort Gage debt is estimated at Over by Canad an Bank of Commerce at end of 1924. Canadian farm mortgage debt is 80 million Canadian Bank estimates Good season will wipe out most of overdue indebtedness , mends Canadian press despatch Montreal aug. A meet ing of directors of the Canadian Pacific railway today the follow ing dividends were declared on preference Stock two per cent for half year coded 30th june last. On common Stock two and one half per cent for Quarter ended 30t.h june last from railway revenues and special income. Both dividends payable october 1 to stockholders of record 3 . Septer be 1 the farm in deftness of the Dominion in Lesii match to have Eracli no Thrond of last year a figure of Over s51.000.ftno, of which nearly was contractor in the Thrif j Prairie Provlic is. No cording to Tho pank of August letter. At the Nurt of the amount of farm Loans in these provinces on which in rpt Hod for Piip year or Winnipeg stocks reaver co. Fun Karo ins. Co. Fan. Pac. By. Crescent Creamery i West o. I Home inv. In a. Or Mort., fully paid estimated slightly under j Yor Mort 50% paid skj.500.orin. Or Over 17 conv. Of the total . It. Must Bremem Breed however that this in an accumulated amount added to from year to year is a result of poor markets an l o her unfavourable Corli Tiona. As the Analo rus Flor nerf at. The end of 1523 has bar a place Al slightly Over . Tho More or Jess Ami a has Hen to he Fleet Dur ing Tho past year is by no an alarming Alpuro. In Hotti Ami 1023 the in crease wus somewhat Over ill if so Iii re a portion of overdue indent Ness ran to from the proceeds of a Harvest the a hut sell intr at n fair Price a Deal of conf Leiu a my be placed in the ability of the Western Farmer to wipe out any old debts and 10 Inake ample provision for retiring in Tood season nip current obligations. There a fun be no doubt that the majority of Farmers will he Only too will ing to follow this course us they have found a turns the year that the Zeneral contraction in credit has worked to their Henf tit. Rather than to their disadvantage nor. Trusts Ca. Union Bank of can. Wrife. Try co. Voll Tod Urli. Am. Oil co. North Star Oil co. It Western grocers pad was elec. By. Co. Pad bin Foo Minos can. War 1925 1931 1937 heft Millen Volmi Iper. Auff 10. Par value. Bid. Asked. 100 Job 55 100 141 100 60 100 330 100 65 100 73 100 so to 35 100 115 100 51 52 american can is Market feature in Wall Street rises to new top at 224 other High priced stocks also show strength 25 5 100 100 1 39 400 124 95 7 100.00 101.90 104.25 100.30 102.10 1c2.20 Dun s report decrease in Canadian failures Canadian failures reported to r. G. Dun of. Last week totalled 28. This is six less than the total in the pre Vious week and compares with 29 de i a its a year ago. The number of american failures show Little Chance. Last week s total was 362, compared with o59 in the week before. A year Apo. However Only 3-11 defaults were reported. Fewer defaults or Era shown in Tho East and South but a he West and on the Pacific coast. Sterling Exchange Ansur Tatel fresh despatch new York aug. Sex steady at for sixty Day Bills and at for demand. For feign bar Silver Canadian dollars. 1 32 Premium. Francs demand. 4.6sva. Lire demand. Foreign Exchange the United states Dollar was quoted at Par. Tha British Pound teas quoted a Normal Price without Bank charges 2-3. The following quotations Are in cents per unit of foreign currency. Par. Today. Belgium franc. 19.30 4.57 Brazil Milreis. 54.62 12.06 Denmark Krone. 26.80 23.22 Finland Al Mark. 19.30 2.56 France franc 19.30 4.75 Germany Rel Schwark 23.82 23.95 Greece . 19.30 1.63 Holland florin.-. 40.20 40-14 India Rupee 2s. 36.96 Italy lira. 19.30 3.09 Norway none. 26.80 18.74 Spain peseta 19.30 14.55 Sweden Krona 26.so 27.06 Switzerland fraud 19.30 19.55 of Canada 97.20 97.25 101.25 102.85 102.00 105.70 505.85 103.65 1c3.7s 1c8.50 109.00 Bonds Are for 16-13 1544 Var loan renewals 1927 1932 Vir tory 1927 19m 1ei34 1937 quotations on Victory denominations. Brit. Amer. 3s a Western at 33. At 101.80. 1937. At 104.15. At 105.75 200 at 105.65. 1927. Renewals -701 at 101.25. At 102.40. It 97.sc 500 it 97.20 100 at 97.20 1.000 at 97.23 3.0co at s7.20. At 102 to at 102 700 at 102. At 103.65 1eo at 103.65 Ico at 103.55. 1932. At 103. Montrea stocks Mcdoucall open High Low bes. Corp. Pad. 100 100 100 us Antic sugar 32v, 32 a 32 a 5el Telephone .138h Cloae 100 3raz. Traction 3romp. Paper an. Car pad. Can. Cement 109 can. Cement pad. 116 can. Ind. Alch. Dorn. Bridge canners 3om. Glass Jom. Textile Howard filth. Auron Ticle Mont. Powe Rlue Bros. Suboc by. Shaw. Power smelter. River Span. River pad. Steel of Canada. 21 78 15 99 a 110 107 85 h 38 81 h 204 54 115 21 78 109 116 is i 110 107 85 a 38 205 54 115 164v4 164 113 114% 113 105 105 104 113 113 113 37 i 87 it 87 57 a 78 108 116 15 97 i 110 107 85 38 81 204 21 78 by. 51 a 51 51 a 115 15v4 98 110 107 s5 a 38 81 205 54 164 1 114 104 113 87 1933 1934 1927 1943 5% 1944 Royal Union o per 105.65 105.65 105.55 .105.65 103.65 103.65 103.65 103.65 102.70 102.70 102.7o 102.70 101.85 102.00 101.85 108.00 97.25 97.25 97.25 97.2o 2.55 a 236 11614 116 a s36 Llo a 116 a Kanton Sellers buyers 207 205 203 197 196 208 109 39 274 235 206 57 v4 14114 115 to a 81 204 160 dividend n9 154 notice is hereby riven that a dividend at the rate of s per cent p or annul upon the Ftp Lenl Stock of Tho Union Bank of Canada has been for Tho current Quarter and i hat t to same Wilf payable at its Bank ing House in Tho City of Winnipeg and also at its branches on and after tues Day first Day of Hapten i fief to shareholders of record at the close of Busi Ness on the 5th any of aug Uffit next. The Transfer books closed from the 17th to the "1st of August Days incl Iii by order of Llu Board. J. Hamilton. General manager Winnipeg july j6th. 1p25. The Royal Bank of Canada dividend no. 153 notice is hereby Given that a dividend of three per cent being at the rate of twelve per cent per annul upon the paid up capital Stock of this Bank has been declared for the current Quarter and will be payable at the Bank and its branches on and after tuesday the first Day of september next to shareholders of record at the dose of business on 15th Day of August. By order of Tho Board c. E. Neill general manager july 14, 1925. Osier Ham Commerce Dominion Imperial Montreal Nova Scotia Royal. Toronto Union brazilian traction can. Pacific in . Can. Electric. Canada Cement com. Canada Cement pad. Can. Oar foundry com. Can. Steamships can. Steamships Ltd. 45 Dominion Bra Dow 98% 98% Dominion textile 85% Lake of Woods Mill. Co. 183 Snurr Nolde co. 8114 Montreal Power 205 milling co. Shaw Tulgan Power. Co. 164% steel co. Of Canada com. 87 Wynn Lee by. .52 51 a Money on Enid. 414 per cent. Tinle. 4 per . Sterling Cable 485.60. A pm York actual. 485.75. Demand. Montreal rate Between Banks 485.10. New York actual. 485.25. Sixties. Montreal rate Between Bank 481 60. New York actual. 481.75. York funds. Montreal rate Between Hanks. 1-33 discount. Montkjcat., Mcdougall cowans.1 Montreal Auy. 1o. At Niillo at Bell at 138v4 it at 21. Canada at 109 50 at 10814 s5 at 108v, so at 108. Can 1ml. At con. At 113 75 at 21s at 112-11 105 45 at 50 at Llott. Howard Smith at 100. Dominion at 107. B. B. Steel. 2nd at 420 it 12s at Lovi 15 at 10% 10 10. B. E. Steel at 3w 5s at 3. At 81 a 40 at 81. Price at 54 35 at 53 a. Montreal at 204 205 at 205 30 at 55 at 60 at 204ft. Asbestos at 100. Quebec at 115 90 at to at 114 60 at . I a. Dom. At 99 Al 26 at 9914 2.5 at 35 at 39 125 at 5 a. 300 at 98 10 at 180 9714. At 164vi. Spanish at 105. Steel of at 1o at 81 winery at 105.65. At it 103.05. Union at 116m. Noyal Bank co at 10 at 2s6. Winnipeg at 50 s is afternoon styles. 100 a 100 reported by Mcdoug All it cowan.1 Montreal Auer. Id. Atlantic 50 at 221i. 5s at at 58 250 at so at 58% 330 at is a 125 at Brompton at 20va. Canada Cement 20 at los i. 20 at 86. Can. Car. F. Pad. 12 at 78. Cons. Manl not 25 at 40 at 113 a 390 at 114 25 at 125 at 114 a 75 at 330 at 25 at 114% 50 at Howard Smith 25 at 38. Dom. Class 10 at 107. B. A. Steel 115 at Price 3s at 54. Montreal to at 205 30 a 2s at Dom. 270 at 93 6o at Osler Hammond Nanton limited Winnipeg stocks and Bonds insurance mortgage Loans farm lands Coal wholesale and re Tau established 1883 associated press despatch new York aug. Prices stated a Verhar Keble comeback after an Early period of weakness in monday s Market which waa lectured by the buoyancy of High priced Industrial shares. Heavy Selling of the motors oils Lastel on additional automobile and gasoline Price cuts took place soon after the Market opened. Sarly de Clines of 1 to 3w Points were recorded r Chandler motors Pierce Arrow com ice and preferred Mack trucks and soveral others. General motors showed a dependent strength by touching a record High at general railway signal soared 1.2 i joints to a record top at Ameri can Rose Over six Points to a new High for All time at 224va. Midland products preferred attained a Lew maximum at 117, but closed in hanged at 145. Many of i he Standard industrials closed lower on the Clay. United. States steel common showed a Small a cession at 12-. Baldwin fell Hack 1 Viz olints to 113. Strength and activity of the Van carriers was again the out Tandang development of the rail group. Vet gains of 1 to nearly three Points recorded brie first and second referred Nickel plate common and Chesapeake and Ohio common., the last amed closing 2% Points higher at 101% after having crossed 102 to a new High. Call Money or cent. Total sales ruled unchanged at Quebec at Spanish River at 113. At 164. Spanish at 104. Royal a Lii Wirjes at 51% i 75 at 25 at new York stocks closing bids Clark Martin 121% 120% 120v. Tvs 78 a 141 101% 31% 70% 77 k. 39 a 35% 141 99% 102 67 67 it 31 70 it 38 a 99 30 38% 35% 84 85 33% 34 118 a 119 67 67% 45% 68 85v. 46% 33% 68 85 46 a 90 v4 100 35% 35% 99 a 100 it 48vk 141 35t4 Iuis a 111% Haj new York aug. 10. Open High Low gloss Topper and. Smelting 108% 108% 10714 107m, a Condo. 42% 42 a 42-5i 42% Cerro de Pasco. Chile 34k. Granby 16% 16y4 16 16 Nail ration 28-hi 28 Kenne Colt 55% 54% Llama 10% 10 a Lay consolidated Utah. 99 Vij Railroad Stock Atchison Baltimore q. Jan Pac. Ray. Hes Apea is o. North. 3rlo com. It. North pad. Jeh Lgth Valley ,ilss., kans. T. 38 a 39% ribs. Pac. Com. 35 36 miss. Pac. 84 85 s new Haven v. T. Central 1187s 119% s Orth. 67 a Pennsylvania. Pern Marquette 6914 beading 85% 8sv. A Island 4-6 i 46y4 i. San f. 90 a 9o% to. Paul pad. 143a Southern a conc. 99 Southern by. 100 101 St. L., s. A. Union Pacific Wabash com soya 102v. . Loco. Baldwin Loco. Lima Loco. Pressed steel c. Pullman 143 by. Steel apr motor Bosch Magneto Chandler Gen. Motors Hudson. Hupp. Mack truck Packard Stewart Warner. Stromb Erff . Timken r. A. White motors w. Overland co. Oil Atlantic Keflon. Cal. Petrol. Houston Imperial Oil int. Petrol. Marland Oil Pacific Oil pan Amer. Pan am. A Phillips petrol. P. Of and Gas. Thire Oil Royal dutch Sinclair cons. Stan Oil of Cal. Stan. Of of ind. Stan. Oil of . Plan. Oil of . Co. Steel am. Steel Drys. Beth. Steel Crucible Gulf states steal Hep i. And a. Re Ioele u. S. Steel 12a% 122v, to 30% 94% 62 13. 198 it 198 a 195 34% 35 i fi7 v 30% 63 61 a 67% 43 a 90% 18% 27% 29 65 30 i 23% 43 v6 54% 67 it 67 a 40 "2o % 50 a 19% 5411 62 i 41 41. It 48% 39 a 41% 72 83 1514 103 43 a 9o% 18% 29 4314 54% 63 40 19 54% 41 a 48 39 a 83 is a 302 46 a 43 id 89 18 a 2714 42 52% "66% "26 is. 55% "40 a 41 47 h 41% 71v4 82% 51 it 143 125 a saw 30 93 a 63 18 a 136 is 07% 69 47 90 18% 107 27 h 28 64v 30% 23 a 4214 53 it 67 67 a 39 i 52% sow. 54, 611 47% 39 it 4 2 a 71 i 82 a 47 a 14 a 302 102, 121% 29 it 23 h 23 a 89 h Vanadium Kalb Butr Fluke rubber co. 22vi Goodrich 55 55 . Rubber. 58 .4 am. Tot sugar. Am. Sugar co. 66 a cub. Am. Sugar Punta 35 35 Toby so Stolt Reynolds Tob. Prod. 21h 55 5614 do a Tob prod. 103 103 associated d. A. 52 _52 81v4 90 it 35 88% 102li 21va r5 67 i 26% 25 89 a 102% 51 May Dent. 117 117 Montgomery a. 68 a 6s% 68 68% National drug 131% 130% 130% Shultze stroj. 1071-1 106 Roebuck. 192j4 192% 192% Woolworth 165 165% 165 165% Public Tull Ltd tonks Amer. T. 82% 72h 89% Trade with China and Japan Dun s reports indicate improved collections and Good prospects in All Canadian centres Canada s Trade with China including Hong Kong and Japan materially higher in May than in april. Exports to China Rose approximately j700.000 to s842.756 with imports from China increasing slightly to 238. Exports to Japan were valued at a jump nearly from april while imports were higher at stocks and shares on the Montreal Stock Exchange strength of smelters and of Dominion Bridge feature Light Power climbs four has secured big vigor. Special despatch to Tho Presa Montreal aug. 20. Stock move ments were inclined to be irregular in the opening session on the local Exchange on monday. Trading was on a. Light scale and was carried on in a narrow Range of guar Ler of the Day s turnover was fut Nashed by smelters which in Ved up nearly two Points. In the Case it this Issue the Street has a cased to look for any special reason to sex. Plain its strength and the buying continues of a sort that can Only be characterized As extremely St Ong. Bridge the feature last week after moving to a new High reacted under profit taking which Only natural. There was hardly any trading in the Asbestos issues and he merger situation remains unchanged As far As can be Learned. An Advance of four Points to a new top of 106 in a Light turnover by entire Power was without special seeming just of. The strength that has bfv3n shown by other Power stocks late. No Cre Dence is placed in recent rumours that Lauren tide Power had been sold or was to be sold by the Lauren tale company. Dominion Bridge after advancing to the new Peak Price of pah sagged under the weight of proffer. Taking to close at 98, a net loss of Points on the Day. Such action was far from surprising in. Flow of. The wide Advance that was scored that Issue last week ant generally about the Street there is a growing optimism in the immediate future prospects for this company. Offi Cial confirmation was forthcoming that the company had secured a sub Stantial steel order from the Alum Winum company for their develop ment at Chute a Caron which or Der As been published will run in the neighbourhood of tons of steel furthermore prospects Are exceedingly Bright that com Pany .or.its. Subsidiary. Dominion in will secure further Exten Sive orders from this same develop ment. Tenders , today in connection with the superstructure of . Tha Montre Al Bridge As Well. As Tho. Substructure for the North end of the Bridge. Tenders for the must a. A by september .9 will e for. Tie latter by August 31. S a revival of interest took place in brazilian Issue moving up 1% in quest a heavy turnover. An improvement in the my leis might have been to a extent responsible but generally speaking of late there has been a disposition to View this Stock in a More optimistic that As a whole is on a. Much More profitable and satisfactory basis is indicated first by a much More settled political situation secondly by the great improvement in. The foreign country. Trade position of the 65 52% 72% 90 Amer. W., Bra. Manli. Trs. Columbia inns. Pacific pm pub. N .1. 84% 85% miscellaneous air reduction 105 Allied chem 941 i 139% 65 52% 52% 71% 89% 72 115 8314 34% 105 94% 105 93 Amer. Woolens. 4o% 40% 40 Iron Pine 152% 15sv, 152 a Central leather. 17% 17m coca cola 141 139. Tone oleum 24vi 24 con. Can 77 78% 77 Corn pro. 33. 32 Davison chem. 41 h 41% 40% Dupont 198 198 105 93 82 40 a 155vi 139 i 24 78 full Endicott Ion non. 67% famous players. 106v. 107v, 105% 10744 feel Schmanns 97 97% 96% 97 it Gen. Asphalt 54 a 53% 83h elec. 310 a 310 a 308 306 of. Nor. Ore 28% 28% 27% 27% int. Harvester. 116h 116 a 116 116 int Mer mar pad 3ih 31 a 31 it int. Nickel 31 31 it 31 int. Paper. 66 56 64% n. Amor co. Sati 58vi Fyk and n. 39. British heavy trades receive More orders London Market is in More cheerful mood special Ca free by tree press private wire London aug. Operators Prophesy that now with the lower Baum rate business generally continue to expand. The Bank of England s rate is still one half of one per cent above that of the Lead Ink Federal re serve districts so the Here assert Money is still employed More profitably than. In America. Practically the Only Market Minna to respond to the weeks tonics was oils Jiw Ere wholly listless. Foreign rails noticeably argentines week end fillip and news that the offer of the Cordoba system to the Argentine government had Beni withdrawn largely affected prices. Reconstruction Loans proved More attractive but chinese Bonds hesitated with the Shanghai conditions still unsteady. In the British Iron and steel districts the demands Are increasing the ship owners Are disposed to be More cheer Ful with a better demand for freights and less inclination to beat Down prices. The Boom in rubber shares has gone the Way of All booms. The position is Uncertain momentarily with steadily sagging prices. Canadia1wm sales outstrip 1924 Fame Canadian Market gets less than Ham of total Canadian Bond sales for the week ending july. 27 amounted to. According to a. B. Ames acid company limited. The whole total was com posed of municipal issues. This brings the year s total to As com pared with in the corresponding period of 1924 and in 1923 of the year s Bond sales were floated in the Canadian Market while j115.745.000 were floated in the american Market. Great Britain was responsible for of which Over was a refunded govern ment loan while were corporation issues. Bigger . Clearings. I Pius burb Coal radio corp. Simmons co. _ Gulf sul 110% 110k Worth. Pump 40% 40% 55.% 56% 49 elec. 76 77% 5554 48 a 110 a 39% 75% 31 4 31v. 58% 39 44 48%call Money her cent. Total sales stocks. Cost my prices. Anion rated pros new York aug. C.p.h., 122 . Steal preferred 124 h. Bid. Bank clearings in the United states continue to mount upwards. Last week s total of j8.753.821.000 was. 6.5 per cent greater than the total. Of the week s total the in new York City was 3.3 per cent and in outside. Points. Per cent a 1m portent centres except Boston report gains. Bourse heavy Paris aug. Were heavy on the bourse today. It Bree per cent rentes. 47 francs 50 centimes. Exchange on London 103 Franca is centimes. Five per cent loan. 58 i find 25 the Dollar Wae at 3ij trance t8 centimes. Wabasso Cotton co. Improves position bigger surplus carried Forward after All charges special despatch free press Montreal aug. Of the Wabasso Cotton company limited for the fiscal year ended june 30, show slight improvement Over for the preceding twelve months with surplus in the current financial state ment just , share hold standing at j18.735, As compared with in tote previous report tvs Roeu Arp Oieu att arts profit for the after deducting All manufacturing and other charges and expenses also provision for Nome War tax. Hut providing for depreciation and sinking fund amounted pares with in the previous year. Interest pm. Investments during the year amounted to which made total income for the period Uncle review at from this de ducted depreciation Bond in Terest and sinking fund 240, which left net profits at sj58.73s. dividends for the year at left surplus for the year of previous surplus at brought Forward leaving profit and balance. In the current report at an improvement is shown in the working capital position of Trie com Pany excess of current assets Over current standing at 363, As compared with in the preceding report. Reduce Oil Price. Clark Martin co new York aug. Com Pany met Standard Oil of new Jer sey gasoline Cut of one cent tank Wagon and is meeting Atlantic re fining Cut of one cent in Delaware and Fenn Sylvania As verified Texas company has followed Standard Oil of Louisiana one cent out. J Sinclair consolidated Oil company met Atlantic refining gasoline Cut of one cent Tanc Wagon in Delaware and Pennsylvania. Standard Oil of new York has reduced tank Wagon gasoline two cents a gallon through out its territory. I curb close. Fosler Hammond nation Standard Oil of Standard Oil of new Imperial Continental into National British american to ,39. Reo to foie j Domirilon-t-2g6. Nova new York Cotton. Clark Martin co open High Low oct. 24.17 24.17 23.35 dec. 24.85 24.3s 23.35 Jan. 23.79 23.80 23.10 Larch 24.07 24.07 23.2424.42 24.43 Down 50. Close 23.35 23 .55 23.10 28.75 Active buying is expected in fall business to material change in Canadian business conditions is noticeable according to dispatches to Dun s review from Branch offices of r. G Dun co. In the principal cities Midsummer quiet Beins still the Rule in numerous lines. The continued favourable pro Gress of crops in almost every Section and the belief that remunerative prices will he realized for most products of the soil result in a Market in the Confidence with which the future is regarded and expectations Are general that an Active buy ing movement will develop in All Staple lines with the termination of the Vena ton period. Although the weather has not been wholly favourable at Montreal retail distribution is in Well maintained vol ume for this period and the number of orders being received in moderate amounts for prompt and future ship ment encourage expectations of an Active fall and Winter . Payments Are fairly prompt. Trade is up to average. Business in both wholesale and re Tail lines at Quebec is fully up to the average for this period and whole salers Are preparing for a. Substantial increase in the demand for Staple Mer Chandise. Collections Are fairly prompt. Retail Trade is maintained in Satis factory volume for this period at to Ronto acid sentiment in wholesale lines is decidedly optimistic regarding prospects for the coming season. Orders covering a wide variety of commodities for fall shipment Are being received encouraging numbers reflecting the Confidence derived from favourable crop reports and. The promising Industrial collections improving steadily. Steady improvement. Tho business Outlook in the far West and Northwest is slowly but steadily improving and though buyers Are still practising conservatism to a consider Ible there is n. Perceptible in crease in the Confidence with which they enter into engagements for the future. Retail distribution is about Normal for this period but both in quiries and orders Are making favor Abel comparison with those of this time a year ago and if present crop promises Are fulfilled there seems to tie every reason to anticipate an Active fall and Winter Trade. Collections show some improvement. Financial notes Canadian tax conference the third annual Canadian tax conference is to be held in. London ont., september 29th and 30th, and october 1st, 1925. This conference which is held the auspices of the citizens research Institute of Canada is an organized Effort to bring to Bear on the topic Public Revenue the same methods of in Quiry and co operation which have contributed to advances in other departments of human affairs. In. Con Junction with the conference there will be held the second annual convention of the Canadian civil ser. Vice research conference the Institute. Report of july progressive reduction in the num Ber in the United states Lias occurred during the last three months and the july total of reported to r. G. Dun and Cois the smallest of the cur rent year. It compares with de faults in june. 1767 in May in april and with Otist the Leigh Point of the year. More last month s total is Little More than 4 per cent in excess of the failures july 1924. Despite the fact that the number of the firms in business has increased substantially since that time. More employment promised installation of the machinery in the new Annex the Dominion Tex tile Mill at Montmorency Falls will be started by the first of next year. About 300 additional employees will be required to operate at present there Are about men and women employed at the Mills and the new building will add about spate to the present premises. There had been some talk of manufacturing bilk in the new building but in All likelihood Ordin Ary textile work will be carried out. R a american prices Rise for the to lira consecutive month Dun s Index number of wholesale prices in the United states shows an increase. The August 1 Flag ure is greater by 1.1 per cent than the july total and the Rise since the Low Point of Mayl is 2.5 per cent. The Rise since August 1924, is even greater reaching per cent. Railways for Rouyn Hon. It. E. Perra Vilt minister of mines for Quebec Nas announced that the terms Between the Quebec government and the . Regard ing the Rouyn mines railway had All been agreed upon and that the conference next week would be solely to discuss the location of the melt ing Plant. He added that some of the interests concerned were in favor of erecting the Plant in Rouyn. May freight traffic an increase of tons. In the total Quantity of freight loaded and received from connections on Cana Dian railways is shown for the month of May last As compared with a pril 1925, in a monthly traffic report just issued by the Dominion Bureau of statistics. The amount of freight loaded and received from connections in May last totalled tons. This however represents a de crease of 873.714 tons As contrasted with May 1924. And miscellaneous products Lead the Field in this re Spect with a total of tons while mine products ranked second with tons. Agricultural products loaded and received from connections totalled for est products 1.101.496, and animal products tons. Moved to Edmonton. C. B. Clement assistant loan Man Ager of. The Mutual life Assurance company of Canada has been pro rooted to the manage ship of the loan department Lor the company of the. Province of Alberta. And will leave aug. 15 for Edmonton which headquarter. Or. Cle ment has been in 13 years. Dominion Bonds Allan Killam Mckay Ltd Victory Bonds 1927 lh3o 105.75 1934 103.65 1337 108.80 War loan Bonds 1925100.10 1931 102.25 1937 104.50 renewal loan 1927 101.50 1932 103.00 refunding loan 1928100.50 1943 102.20 refunding loan 1944 97.20 All rated Ana by Moody 4.66 4.54 4. So 4.150 4.52 4.85 5.00 4.so 4.r2 4.72 Money at work what is accrued interest Par and accrued interest info bon4s o when the average investor is in formed that he paid Par and accrued interest for his Bond he realizes what Par is but he is rather hazy As to what the accrued interest Means. Bond interest is usually paid twice year say for example. January and july. If you buy a 8100 Bond from John Doe in december is there any reason Why you should get All that six months interest which will be paid in january when he held that Bond five months of the period of course not. Deserves five months interest or k 50, and if you hold the Bond a month you deserve one month s in Terest or soc at the time the coupons paid in january. Who you receive 53 in january you can t conveniently run around the country looking for John Doe to live him the Yon film so the logical thing to do is to pay that at the time you buy the Nond. That in accrued interest. Next month when you receive the it All belongs to you because John has Al ready been paid his Pyrle Tiit 1925. Eduora inc . Steel orders show decrease off Only ton my probably show Low pc of american steel production i this year special i Niford hrs nth to he 1 rom by Todd w. New York Avld Picc of in Tho Oun iry s Rould to obtained thin he Only in unfilled hip t a Torl stood which was Jehu of today. The Roj sort showed i 1" Only tons for i Rion r r business compared a of Rinku of Over tons in Ilie s month. Of Lillo ills final err t. T partly in lower inc of Din ins the Monist compared with Tho Ihrck Prev Ira months lie slinging was . B Cipully Dun to Tho in Jusli piss i Ecol pro by the present no that it l balance of it thu Ujjin of he present month win Siou Pland off hat in. Here May either i very Lii Realf Small pain. Conditions latter probability As the inflow Huhl Ness in hut improving. As was the Case v4 your it in More than Likely that will Khou Refl Low in Tatj i enstry. In until left Toni Sec Rale of i tilted states steel common fairly steady around besi. Level of the current movement. S Metal markets new York Auk 10 Hopper. Electrolyu.-, and r i Tuow tin. Easy spot ail nearby futures. Iron. Rape. No. 1 them. J1s.50 10 j20 no. To no. 2 Southern. Jik to Jib Lead firm spot. to Elx ii St kid future re in to s7.80. Antimony. Sis us.25. I Ator str Poi 7s a futures. i spot. Jc6s us futures i Fis ibs. Tin Enol. In lid futures is j Bead spot. -u37 so futures jc3 if spot. I2s fid fun lure Fri a 2s so. New arrivals in fall safey Duncan Cameron merchant tailor 1307 fort Street Ett 1895 a.27si a directorate of outstanding canadians nine eminent prominent in com Mercial and Public the new directorate of the Northern life Assurance company of Canada. To its thousands of policy holders from Hali fax to Vancouver the Northern life herewith takes pleasure in introducing these outstanding canadians who Are now directing the company s affairs. C. R. Somerville ll.d., president Ontario loan debenture company member Board of of unit envy of Western Ontario. R. G. Ivey barrister vice Prei. London Street railway. James a.co., Ltd. Governors of we Danale dry member Board unite Nitt of Leitera Ontario. Of Hon. C. S. Htmat Prei. C. S. Hymana a co. Pref. Munif shoe co., Ltd sex minister of Public work government vice Prea. London Western co., Ltd. Ray f. Lawson Lawson it Jones Ltd., London an4 Montreal vice Para. Mcmahen Granger company Ltd. Major a. T. Little Prei. Robinion Little k co., Ltd., London and Winnipeg preg. London Western Ruiu co., Ltd. Chairman Board of governors University of Western Ontario. J. Meco Kizell pres. Mcconnell Fergusson Ltd. London Toronto Montreal Winnipeg and Vancouver director bother Heddle co., Ltd., St. Catharines Jozif s. Moore manager London Western trusts co. Ltd. E. Robinson financier director London loan co., u4.j director consolidated trusts corporation. The character of this directorate is ample Assurance of the future Success of the com Pany. Write our Home office for confidential advice on your insurance needs. London Ontario c. R. Somerville president. R. C. Mackl tight general in naga. Clark co. Stocks Bonds and Grain Dir wet private to principal 232 Portage ave Mje Winnipeg phones a2881-2882 ;