Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 13, 1925, Winnipeg, Manitoba 10 Manitoba pee press Winnipeg thursday. August 13, 1925 lower profits of motor car companies owing to Price cuts is expected by head of one corporation. Reduced profits to follow from Auto Price cuts John n. Willys however Stales leading companies Are Well Able to care for themselves special United Lle Patch to free press by 1 reps private wire by Tod w. Wright. New York Auff. I ice of duct Iofik now being made in most of autumn Hillra Are solely for ten purpose of Corn petition an l will materially n truce manufacturers during Tho last half of the year in the opinion of John n. Willys or neut it of the Willys Over land company. In the interview today in which of expressed this opinion. Willys raid there were Novorul Good reasons Why those cuts must be taken nut of As he doubted that the Price Cults would stimulate sales Enos Coli to offset the lower prices. In the first the manufacturer said we Are entering period when sales normally decline. For tins reason operating costs Are bound i he higher and even had prides re manned it their former some off in earnings would of Fri erred in Tho current six months of the year As compared with the first six months. Expects smaller sales secondly reductions in the past have been offset by increasing vol ume of sales making for lower Cost. While i expect lower prices will tend to broader the Market for Automo it. In doubtful whether this stimulus will be an important at. time. We have just had an exceptionally heavy Selling season and a great Deal of the demand for new cars been taken care of. It a hardly Likely therefore that an amount of new business exists sufficient to increase production to the extent necessary to offset the heavy Cut in prices. The present reductions on the part of the manufacturers have been for the purpose of meeting Competition. he added the Industry has bad a very prosperous Haf year and in Adinor companies arc All in Stroner financial positions so will be Well Able to take. Of themselves under the lower profit margins that will be Coffee valorization project ends in failure the efforts which representatives of the state of Sao Paulo have been making to obtain in new York i loan of from to for Coffee valorization Are reported to have met with no Success Owins to the unwillingness of United states Bankers to Advance Money for main Taining commodity prices in foreign countries according to the London times. The British government arranged a Sterling loan in 1922 of for the Purchase and warehousing of the Coffee crop the Price of the commodity being then at Point the growers recently fur ther assistance but the state of Sao 1 Aulo has encountered Tho Dos Leo of american business men for Foi Eiwen restrictions on exports of i and raw materials which oblige Tho United states to nay enhanced prices for Staple commodities like Coffee and rubber. Copper prices show softer tendency special United new., despatch to free trend by free press private wire new York aug. 12. Copper 14 3-4 cents some was sold at 14 7-8 cents tuesday but the tonnage was Small and while most producers were asking that Price ii. Was not established. Electrolytic Copper is 14 3-4 cells a Pound delivered to the end of october. Zinc buying is quiet with Price slightly easier despite situation. Prime Western Fino is cents a Pound East St. Louis compared with tuesday. High of week was 7.90 cents and Low c.70. Lead buying is of Good volume. Prices Are erratic with As Hir h 3 to cents a Pound Premium paid for Lead above Price quoted by largest Sellers at both new York and St. Louis. Foreit Exchange Calgary Relief expense while Calgary Relief expenditures for the month of july show a de crop. A Over june they still exceed the estimate for the month by Ami show in increase Over of Las t year. The total expenditure on Relief for the month was compared to in june and s1.15s.8c in july 19.24. The United states Dollar quoted at 1-32 per cent discount. The British Pound was quoted at Normal Price without Bank charges 2-3. The following quotations Aro in cents per unit of foreign currency Par today s value. Price. Belgium franc 19.30 4.57 Brazil Milreis 64.6-2 12.26 Denmark Krone 26.80 23.42 Finland Funmark 19.30 2.56 France franc 19.30 4.73 Germany reach Mark 23.32 23.95 Greece drachma 19.30 1.63 Holland Florin 40.20 40.46 India Rupee 2s. 36.96 Italy lira. 19.30 3.68 Norway Krone 26.80. B.99 Spain peseta. 19.30 14.55 Sweden Krona 26.80 27.06 Switzerland franc. 19.30 15.56 Winnipeg Tocks Winnipeg r value. 100 a stocks Beaver fire co can. Fire inn. Co so Cun. Pac. Jay 100 Crescent Creamery 100 of. Went As. Co. 100 Home inv. S. Sav. As. 100 nor. Mort. Fully paid 100 nor. Mort. 50% paid 100 nor. Trusts co 50 Union Bank of con. 100 Vav pm. Kim. By. Co too i no lated Brit. Am. Oil co. Ltd. 25 North Star Oil co. Pro 5 West trn grocers pad. Ico a ups. Al. By. Co. Pitl 100 Wingro mines can. .1 War Loans 1s25 1931 1937 refund Luff Loans 1928 _1343 1944 War loan Ken Wals 1927 1932 v i Story Loans 1927 aus. 12. Bid. Asked. 141 325 66 75 35 35 115 so 38 it 400 "95 7 39 420 37 100.05 100.15 104.30 100.35 102.15 102.50 97.25 87.50 101.30 103.00 103.05 1c2.05 105.60 10s.85 303.70 103.80 108.60 109.00 Bonds Are for 1937 quotations on Victory Sicco sales 1943 500 at 103.15 at 10215 97 25 1 000 at 102. 103932 1 303 2.coo at Montreal stocks Mcd outfall f. Cowans Montreal aur i open. A lira. Alt lbs 66v, Asbestos corp 70 7214 70 Asbestos jq2 Jaq Atlantic sugar 31 i Jav. 31 in. Bell Tel j39 139 333" Brazil. Tray ton 60 fan. Or. 33 3g 33 can. Car pad 78 i 781.4 73 pad. A. Cement fid. 117 117 117 can. In. Alcohol 15 is is Dom. Brudke. 98 98 96 Horn. Textile. 86 86 i.riiremldc-. 81 81 is of 134 134 134 Mckay 131 134 134. Montreal Power 2o3 203 National brew 48% 51 48 i Oil Lyle. 163 164 16.1 i of simians pfc 101 101 lot Price Bros. 55. 54% Quebec by s. Power. 73 75 75 Shatt Unican. J63vj 163. Spanish River 103 103 steel of Canada 87 so a m is elect Raj 5.1 51 War 1927 so i 102.20 102.20 102. 0 1933 5v, 105.65 105.65 105.65 1934 5% .103.70 103.75 103.70 1937 108.65 108.65 103.65 1932 5vj 103.10 103jo 1944 it 97.00 97.00 97.00 Montreal .24.7 247 60 33 73 44% 117 s 86 is i i 18-1 200 a 1c i 75 163 50v4 102 20 105.60 103.75 103.65 103.10 j7.uo Osier. Ham to my Montreau Commerce Dominion. Imperial. Montreal. Cd Nova Scotia Royal Toronto Union. Brazilian traction. To an. Levant com an. I ement pad. I an. F. Com Stram slips com s. . Dominion Bricle. Dom. Textile Lake of Woods milling Njau Renolde Montreal Tower Orlu be milling1. Snaw Nisan steel of Canada com Toronto Street by. Winnipeg electric by Money on Call. Time. Sterling came transfers x. A. Actual. Demand Montreal rate n. T. Actual. Sixties montrea.1 Raton y. Actual. N. A. Montrea.1 2-17 247 Wanton in. Aus. 12. 12, Lern. Buyers. 2c8 205 2o3 198 196 247 275 236 117 60 a 109 107, 45 98 it j2 182 204 164 164 87 180 81 2c3 162 179s 51. 4 485.72 485 435.22 481.72 1-32 51ontkeai., . New arrivals in fail suiting Duncan Cameron merchant tailor. 307 fort Street est. 1895 a2725 Mcdo Urall cowans.1 Montreal. Aug. 12. . Atlantic sugar at 781i. Bell at 139, at 5014 50 at 1.265 at 60. I an. Ind. At 15. Fan. Car at 38. At 132 65 at 10o it 113w. Dam. At 36 10 at 15 at 13. K. Ate eel at 3. At 184. At Price at 2s at s3. Montreal at 203t 10 at 360 at Ashen tos at 70 150 at 71 n at 701 a 20 at 72 100 at 72 a 25 at Al bestow at 101 5 at 1o2 50 at Lois 175 by National at 4b i 345 at advice based upon experience in matters of investment advice upon experience is often desirable. The advice and service of this Organiza Tion Are willingly placed at the die Roaal of investors. Lindsay building Winnipeg. Telephone az864-5. Wood Gundy Clark Martin stocks Bonds and Grain direct private to principal 232 Portage Avenue Winnipeg phones a2881-2882 naw York aug. 12. Open huh Low gloss Copper am. Smelting 106 % Anaconda 41% 41% Cfarro de Poco Chile 33% Chi no. It 01 the Frontenac Sale Marks close of Fol War six month Price cutting Campaign in Montreal ends today special despatch to the free Montreal aus of Frontenac by Worles limited today changed hands Solnit to a group he Aleci by Donat Raymond Well known hotel Man and a former director of the company. Coincident with this change announce ment is made by All the factors the brewery Industry hero of a reversion to the prices which prevailed before the Price War was inaugurated in a Farch of this year to take place thursday thus after nearly five and one half months of operations at Cut prices the breweries will once More set Hack on a profitable basis. It can naturally be assumed that the new interests in control of Byon Tenace have signified their intention of Elv 1ns up the inclusion of premiums in their capsules for it was this action which precipitated the Beer War nearly half a year ago and it is a known fact that one very important company Hart Sifrin fled its intention of Selling it present prices until this practice above referred to Hurt been dropped by the Frontenac company. Trade and Commerce mines and the Money markets new commercial treaty with British West indies open new Era in development of Canada s Export Trade. 950 at 49 45 it 75 at 125 at 225 at 45 at 135 it 49% 180 at so. At fit 134. Southern can. At 86vt 75 it 87. At 165v1 45 at of at 75, Dominion at 98. Victory loan. At 103.10., v. A-t-102.20. V. At. V. At 105.65. V. At 97.00. V. At 1 at 103.75. Bank of at 247. Winnipeg at 51 145 at sow. Afternoon sales reported by Mcdougall Montreal Auff. 12. Atlantic at it Canada Cement it 117. Canadian Industrial at 15. At 113 a 10 at 113v4 5 it 25 it 114 150 at 11414 75 it 114 w. At 184. At 81 nations at 51 10 at 75 at 160 at 50v4 25 at Montreal it 203 405 at 204 375 at 205 40 it 100 at 75 at Asbestos at 71 i Asbestos at 102. Ottawa at 99. It 134. Quo it Lloldi. At 163. A punish in 100 at steel of at 87. Dominion 65 at 97 10 it 96. Win Ulvog it new York stocks closing ids Clark Martin Calno 31 71 35 a 40% 37 85 34% 119% 67% 45 Konn Ecott Miami Ray con. 14 Utah in Lerond Stehl St 121v, bait. Tank 62 Columbia gae 71% cons. 88 Pacific pub. Serv. . Allied chem 96 Allis Anter. Can 231% am. Int. Corp. Am woolens 39% run 149 Central leather. 17% coca cola to Cong oleum co. Contin can. Corn products 32% Dav Sori chem. 43 Dupont 140w 46% 91% 19 100h 27% 28 a 62 53 64 i 39 26 40 it 46% 84 41 71 80% 100 121% 18 i 97 2714 60 41 52% 46 v4 84 39 41 39 70 a 80 47 a co 120 30 a 29% 9iv, 17v4 197 34% 66 c. 6b 27 a 23 it 62 52% 64 84 39 4u, soy 100 21 53% 56 2654 34% 20 a s3vs 65 28 34 to 97 a 97 87 101 it 88 1.03 191 so 52 i 72 a 50 66 129 191 162 Endicott Johnson famous players. 107ft Fuelsch. Yeast 97 97 Gen. Asphalt 5214 83ji Gen. Elec. 381 it. Nor. Ore. Int. Harvester 115 118 . Alcohol 86 it j 86 44 1 m Marine pad. 29% 29% int. A Sekrit s0% int. Paper n. American 57vi Sadlo corp., 56% 5j% Simmona. 48 a Texas Gulf. Ill 111 Worth. Pump. 37% 37% West. Elec 74% 75h 71 it 87tj, 95% 8 j 236 2j1 i .2554 35 i 49 149 17% 17h 141 138% 23% 78% 78 32% 41% 140 107 97 53% 315 a 28 108 84 29% 30% 63 a 57 54 i 484 110% 7454 Call Money total of Trocki 20% 53% 55% 66 2514 87 35 i 821-i 50 129 191 1sj 22% 32 234 u 35 39% 14s 32-4 41% 140 97% 52% 3181? 28. Ins 85% 29% 30% 63 i 36stocks and shares on the Montreal Stock Exchange prepares financing plan adjusting old Alabama special Ujj Copatch to the press Montreal aug. Of the in Terest in wednesday s Market Center de in number of special movement most prominent of which was the and Vance of National breweries in unusually heavy that Issue alone furnishing Over a Quarter of. The Day s total. The. Market As a. Whole was a narrow affair but the general trend of prices was in an upward direction with new Hitti Levels established try Montreal. Montreal tramways and Ogilvie. The one Section of the list toward which la shown Little or is the paper group heaviness in Light trading prevailed in. Such issues from that division As made their appearance on the Board. Issues from the Power group to hold a considerable amount of. The attention and in this connection it is interesting to note that St. Maurice Power a shawl Olgan Sidary wednesday scored a net and Vance ot-9 Points to the new High of is. This Stock was Selling at 64 at the beginning of March of this. Year. The most spectacular movement in wednesday s Market was 8 1-4 Point Advance to a new Peak Price of 187 by Montreal tramways while there per lists talk of coming flan Cir which will be of a nature advantageous to shareholders the real reason for such strength As has been shown by the is sue in the past two Days would seem to he in the extremely Small floating Supply and the fact that in View o conditions the company the Issue has been Selling out of Lino with the rest of the Market. I the Asbestos issues were Strong a possible reflection of the fact that i certain group were seeking options on the Stock about the Street strength of Mae Kay was without special explanation other than a continuation of the feeling in Many quarters that would some of these times receive some special distribution. When the. Southeastern Power and ight company was organized in 1924 t o Lake Over the assets of Alabama traction Light and rower company limited or Canada there were out standing in the hands of the Public j13.66s.500 of five nor cent Bonds of the Canadian company which were assumed by the Southeastern company. It was contemplated at that time that the traction company Bonds would be converted into securities of the South Eastern company. Announcement has now been made at the office of the Southeastern Power and Light com Pany that its directors have now pre pared a plan looking to the conversion Par for Par of the Bonds of the trac Tion company into an equal principal amount a new Issue of six per cent debenture Bonds of the Southeastern Power and company and that a meeting of the bondholders la being called in accordance with Tho Mort Gage to consider the plan. It is plan Ned to split the Stock of the South Eastern Power and Light company on the basis of five shares for each single share now outstanding. In order to accomplish this programme the Board of full rectors has called a meeting of the shareholders of the company for the purpose among other things of increasing the authorized Issue of its common Stock and of authorizing the issuance of shares of common Stock to Tolje shareholders on the basis mentioned. Wednesday s action of National breweries on the local Market that Issue moving Forward in heavy trading suggested that the settlement Tho Beer War was. Imminent but i. View of the fact that the company has been operating for almost half a year at what must have been a quote consider Able loss if general estimates Are any where near Correct Ife is hardly Likely that shareholders can Hope for a re sumption of the dividend which was passed on june 13 As a. Direct result of the Price War some time for it is hardly Likely that the directors would recommend a resumption until the company once More worked itself into such Shaps As to leave Little doubt As to it was in february that. Frontenac commenced the new publicity Campaign which included Cash prizes in the capsules on the bottles. This was protested As unfair and illegal by other breweries and resulted in a Cut in the Price of Beer on March 2 by which was met by National breweries and Frontenac. The second and last Cut was made on March 23 by Mol sons which was also met by the other companies. The first Cut amounted to 10 cents per dozen on pints -0 cents per dozen on quarts and 2 Par barrel. The second was the Tomti As the first Wilh the exception that tha out on barrels was Only instead of Canadian exports to British West indies May increase greatly new Trade agreement should pave the Way for larger inter change of goods which will be much to Canada s advantage. Ottawa aug. Canadian government s Trade agreement the British West indies a of out importance to Western Ada. From the Yery nature of the two parties to the agreement it would follow that Tho possibilities of Trade would be confined Only by the extent of the available markets. Can Ada is a Northern country not yet highly industrialized which exports. Immense quantities , products which cannot be produced in the West indies. On the other hand the West indies Are islands for the most part in the which produce commodities which cannot be grown in Canada. The possibilities of Trade Between this two have never been exploited. Although there have been former Tsacle agreements they never fulfilled their promo a and it was not until a year ago that the prospects greatly the volume of business without Industry was realized. In 1924 the need of better Trade facilities with the West indies was debated at Lens Ali in the House of commons and Ihei Canadian government sent a representative to treat with the various of the islands comprising the West indies. As a result a conference was called this summer in Ottawa and an agreement satisfactory to both parties was arrived at. The agreement is not to come into Force until ratified by the Canadian parliament and the of the indies. take time and it is not expected that the agreement will be come effective until january 1927 total indies Trade Canada s total Trade with the Brit ish West indies for the fiscal Yeai ended March 31, 1926, amounted to a of Fiott one half of our exports arc represented by two items Canadian flour was exported to total value of and fish to Tho total a regards hour Lii i represents More than seven per cent. Total flour expo its for that year fish on the other because of the Lai be exports of can Ned Salmon from British is Only a Small pail less than three per cent of our total exports under this head. Another Large item in our Trade the West indies is condensed milk. Duran of the year they bought of this product which is More than a seventh of our total exports and which accounts practically for All the condensed milk imported by the indies. Canadian Oats also Are very much in demand in the indies. Canada exported to them in this year this of course is a Small fraction about three per cent of our total exports under this head but it is about 60 per cent of the total imported by the West indies. Another leading article exported to the indies is butter and butter substitutes. Inasmuch a butter Susti rues were prohibited by statute the figure quoted must represent pure butter. Canadian butter exports to the West indies in 1925 totalled 002. Or about six per cent of our Export business. Canadian lumber Alno Fudd a ready Market there. For this year our experts totalled an infinitesimal part of our total exports. Cattle foods Oil cake bran and shorts Are also marketable 4ii the in Dies and in j925 Canada sent 700y of products Isi about 50 per cent of our exports on these foods. In these half dozen items the total Trade with the indies was during the fiscal year 1925. In to show the other principal line of Trade the following items Are quoted automobiles exported to indies lard and 008 rubber or Ppd vegetables fresh added total already these items account for out of a total of Odd. Showing possibilities in order to show More clearly the possibilities of developing our with Thra indies the following table has been drawn up. Fourteen items in order. Of importance Are taken first is shown the total Canadian exports to then the total exports to the indies Are. Given then the total imported by the indies. In thu last column by which Canada could Hen exports on the basis of the present general railway signal gyrations set new records Many Low prices for year re corded in pan american and other Oil issues associated press new York aug. 12. Erratic fluctuations characterized wednesday s irregular Stock Market two of the most contrasting features beinc1 the weak Ness of the Oil shares and the strength of the rails particularly some of the Southern and southwestern carriers. One of the most violent Price move ments in recent months took place in general railway signal which opened five Points lower at 290. And quickly mounted to a new record Price for All time at 31.9 3-1 then collapsed to 27g and finally bounded upward to 300. also made Stock Exchange history by Touchine a record Peak at 321. American can attained a. Record top at is and then eased to 234 for a net gain of 1 1-2 Points. Muck trucks showed a. Net jobs of. 2 1-2 at 195 3-4 after having sold three Points above that figure. S. S. Kresge closed nearly five Points higher at 495. New Low priced for the year were re corded by pan american a and Standard Oil of California Union Oil of California Barnesdale a. Tide water Maracaibo. Producers and he finers and Texas and Pacific Coal and Oil. Atlantic refining Brolie nearly seven Points to 56 1-4 and. Then rallied to 98, but some of the others recovered their earlier losses and closed fractionally higher Day. Call Money renewed at to 1-4. Per cent. then dropped to 4. Time Money rates showed a moderate stiffening sixty to ninety Day funds being quoted 4 1-4 to 4 1-2. And the longer maturities at 1-2 to prime com Mercial rates were unchanged. Total sales 1.521.600 shares. More buying of smelters witnessed at Toronto Canadian Dren Telo Toronto Auk. Of smell ers in substantial Way and fur ther gyrations of Canada bread com Mon were noteworthy occurrences on wednesday s Slock Market. Mae Kay common attained another new Haj re for All time when a transaction was made locally at 135. The last trans action was at 134. Showing a gain of 3 .1-2 Points Over the previous close. The subsidence of f. St Burt com Mon after. Its recent flurry almost ran parallel with the downward course in Canada bread which at one time to Day sold As High As 57. Brazilian traction reached a Point for the Day at-.60 1-2 and the close was Elsady at co. Final quotations were at ,60 to 60 1-4. 1 925 Copper output May set new record consumption in tire indies. Based on the rate of Copper output for the first five months of this year the production for the half year will be pounds or at. The annual rate of pounds Saya the Vancouver Sun. Maintenance of this of operations during the balance of the year will result in establishing for .1925 the first output in the history of the Indus try. It will surpass the previous he Fth record of pounds in the big War years of 1917 and 1918. Total of Al l total exits. Total imps. Foods and. Substitutes can. Exits. To 61.356.000 article flour pish Oats butter Wood _ cattle cards meats vegetables automobiles boots and Coal arid fuels Iron and steel _ machinery and parts paper total by which Canadian exports could be increased an examination of the British West indies Trade figures shows that in most of the items set out in the foregoing table Canada would have to compete with the United kingdom and the United states in order to in crease her Market with respect to machinery and parts for which the largest potential Market in the West indies is available the. Bulk of the imports into indies from coun tries other Are about 405.704 217.454 by . 880.490 646.225 956.630 possible increase evenly divided Between the United kingdom and the United states. With regard to flour nearly All the flt fur used by the indies of non Canadian origin is brought in from the United states. The same is True of meats and Wood. Iron and steel Are some what different. The United kingdom supplies two thirds and the United states one third of the total imported from countries other than Canada. With regard to Coal the Stua ton. Is just the reverse. The non Canadian imports of boots and shoes Arp about evenly divided Between the United kingdom and the United states. But Ter imports show a. Somewhat sur prising situation inasmuch As the seven Hundred thousand dollars Worth of butter imported from coun tries other than Canada is about evenly divided Between the kingdom and the United states notwithstanding the fact that the United kingdom is largely an importing country from the Point of View of the Prairies such items a flour oath butter cattle foods cards meats cheese condensed milk and Hay Are of the greatest importance because they Are items which can be produced by the West in vast quantities. Taking these together the Fol lowing table Wili indicate the amounts now imported from. Canada by the indies and the extent to which we could increase our to them on. The basis of their total imports. The figures Are for the Fis Cal year ending. March 31, 1826 can. Exits. Total pos to . Flour butter cattle foods meats cheese condensed Hay _ _ _ increase 32.799 2.6ss.s79 total _ in other words there g. Market to the value of which can Adiah producers should Able to Market practically Large again the one a new served by Canadian exporters. Having and having Dis closed the lines along Canadian exports Are Likely to grow it is necessary to show How the proposed agreement will assist in in creasing the volume of business. Shipping clause it important the a vast important provision in the agreement is in regard to steam ship service. Hitherto there has been Only a fortnightly service maintained by Small boats lacking refrigeration space and first class equipment for handling freight. In past years Many efforts have been made to put on clans service to West in Dian ports but without Success. A. The recent conference delegates from the indies stressed this Point and stated that a first class steamship service would be of More importance in increasing Uhan Tariff preferences. Under the new agreement a Cort nightly service with vessels from to tone Gross equip Ped with accommodation for Passen Gers cold storage and bulk cargo is to be inaugurated. In addition an other fortnightly service with smaller boats is to to provided. This will Grove a service by boats in a densely Superior both As regards Speed and accommodation to any that has previously been1 in operation Between Canada and the indies. This feature must not be Over looked because even in the absence of Tariff preferences this service will give Canadian exporters a much greater Market in. The indies. As to actual preferences the is lands with one or two unimportant exceptions Are to Grant to Canada a preference of two shillings per barrel on flour the islands of Jamaica the Bahamas and British Honduras Are to Grant a to per cent preference on butter cheese lard condensed milk meats fish apples and potatoes the Trinidad and British Guiana also undertake to Grant preferences on other commodities boots and shoes 66 2-3 per butter per Hundred pounds fish 2-3 per cent. Lard per 100 pounds milk condensed 1 shilling per 48 there Are other preferences these Are the. Most important. Needs equipment. But hmm from Dentch in few by Frt. Antt wire Washington b.c., aug. Tion of Chicago Northwestern Railroad was made today to the , for authority to assume an obligation in Trust to Waring 444 per cent interest Money at work five advertising problems. Problems for every manag every manager i con fronted with five ii preparing an advert Srno Tampa in for a new article. They Are listed below 1. What mediums shall be used for the advertising it would not be Good policy or Economy for shoe repair shop in this City to and Var tale in a nationally circulated Magazine. The local is the place for Arvert Sinif. 2. By what appeals May the commodity be vended obviously it would be foolish to try to sell Corn plasters by appealing to the buyer s aesthetic sense. Comfort is than or in this Case. 3. What. Is a reasonable expenditure for the advert Leing the advice of seasoned and men is invaluable in answering this t. Dewdney St. 4-Vi it. 6. Selkirk a. .mok.nzl. St. . 4 it. 8. Aberdeen ave. Of a recent walk. Point 46c.7 feet East of Mson by. A Point 125 Edh. Fiorett s it. E. Niagara St. Evora. South line lot 20 City Clark s office Winnipeg August is. 1926. By order a j. Brow stocks and investment securities bought and sold on All principal exchanges. Private wire Winnipeg Toronto new York Osler Hammond Nanton limited investment brokers financial and general insurance agents leg ;