Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 24, 1927, Winnipeg, Manitoba Manitoba monday Janis my 24, 1927 i. Saturday s Grain livestock and produce heat values Are i Winnipeg Grain fluctuations open. Ohleh. Ninab Penir t., fell maintained by local May. July i oct. I i july i i i May. I july i May High. 13614 125% Low. 135 i 133% close. 136 a Trev. Close. 133% 125% last year. 154% 136 565j, 61% 74v Grade Whert no. 1 Northern Selling at in Over May j Fiji eat futures closed 3-4cj to l-8c higher _ j 101 if 101 ii 59% 197 199 103 7, 68% 56% 51% 74 4 71% ids 108 59 57b 75b 106% 198% a 200a 103 v s0iy4a 96 a 58% 58 195 198 301 10014 64% 65 4 214v 31g 206 103% 103 95 american Grain fluctuations open. Chicago Uve Pool Market closed satire May High. Jug As March lower at july id lower at 10s 1 Elia Nice Cana tinn sept red out in and Canadian 1 ure Pool close was sat March 1.47 Fri. Sep May .5u4 july 1.47% sept. 130% 81a 84% 86% 48% 48 4 46% 140 131 127% Low. 139% close. Prev. Close. 130% 140 84% 86% 48 46% 81 84% 86% 48 a 46% Market displayed a firm i May. 104v, one on saturday and alter open july 10014 _ advanced about a on bulge. The Market was to Start but a better de i developed As thu session pro i and while it was said co be i local it was More than sul to absorb the Light offerings or. The bulges when Longs were to take profits. The i closed id. Lower but 140% 74 46 v 98% 106 104 avg 101% 100u 98vi Minneapolis High. Low. 14iya 139b 140% sept. Open. May july May 46% july Rel Taos Consi Ruea As quite firm in the j May of the decline in world s markets july Jet a and the very heavy world tyls week. While there was May Hie or -.0 evidence of Export business july rat of this Market saturday morning do Duluth tos understood that the european of tax continues to bid for Cash heat that is in position for prompt j a shipment from seab surd and this in Uzi Pise of the fact that North. American March see Are said to be out of line with 22- s 222- 127% a a 86% a 49a 48 14 a. 105 a 98 i4 close. 141 138% a 46 14 a 46 72 99% 98% Winnipeg _ Chicago Minneapolis Duluth Arices Are the world s Parley. Evidently european i requirements Are much larger than j has seen anticipated judging from j meaner in which they continue to my not Only wheat and flour but also tie coarse grains including Barley Baacl Rye. It was said that the in jul re from abroad was much More both from the United King Tom and tie continent. It is quite possible that the situation in China has something to do with the con tinned Good demand that Europe rejected is securing increased supplies for f ear 1 fee a to fast serious developments might take place at aay time. J no . The Buenos Ayres Market closed 1c x0. S lower on Friday. But was Strong today no. 3 in tie face heavy movement from j tie country to the Seaboard and Jye _ closed 1 in higher. This undoubtedly j no. I represents heavy Export sales. J no. 2 . Shipments of wheat and flour sex j w of North America this week Koj cud silo v an increase of Over bushels chiefly from Australia and Argentine and the total will probably run close to bushels. Coarse grains. Mere was excellent buying of Barley id Rye Isth markets being very Strong making Good bar Ley being up about in and Rye almost 2c. Oats also advanced a. But Thia Market was less Active. The under tone to these markets is very firm even on the Advance of the past week. Stronger Market with prices e out to higher largely in sympathy with the strength a the general Grain list. Trade rather Small. Cash markets. The Cash today were of the 220% 221b 2210 223 comparative car Eims. Wheat. 402 15 91 76 Oats. 44 52 15 0 Barley. 45 9 17 3 flax. 5 0 48% 481-s 46 4 100% 97% Prev. Gloss. 140% 46 i 46 i 08% 95% 220 220 221 222 "4 Rye. 3 0 4 13 James j. , chairman of the produce Bureau of the Winnipeg Board of Trade under whose direction arrangements have been made for the fifteenth annual convention of the Canadian produce association to be held at the Royal Alexandra hotel Jan. 24 and 25. Or. Murray who is manager of the produce department of the Codville company limited Lias had a Long experience in the produce Trade and is Well known throughout the Dominion. He has been assisted by an energetic committee and no pains have been spared in making this the most successful convention Ever held by this association. Bushels smaller than at the first of december. Domestic markets less Active Domestic wheat markets did not reflect the Advance in i the foreign markets. Partly because of the slow milling demand and also because of the fac medium. 3.00 to 3.25 common 2.50 to 2.75 Stocker steers Choice. 4.75 to 5.00 pair to Good. 3.50 to 4.50 Stocker heifers Choice. 400 to 4.25 fair to Good 3.00 to 3.75 feeder. Steers Choice 5.25 to 5.50 fair to Good. 4.00 to 5.00 calves g of to 11.00 Good -._____, 6.00 to 8.00 common 4._.0. 3.00 to 6.00 hogs select Bacon to 11.82w Thicuc smooths 10.75 to 10.75 heavies 10.25 to 10.25 Money and business extra heavies 9.75 to d.75 shop hogs. 10.75 to 10.75 lights and feeders 10.75 to 10.75 7.75 to 7.75 sows no. 1 9.25 to 8.25 sows no. 2 9.25 to 9.25 Stags 6.00 to 6.00 lambs. Fair to Good 10.00 to 11.50 common. to so Scop. Fair to Good 5.bo to common 3.00 to 9.00 7.60 5.00 ask Market conditions of Staple groceries dried 1 fruits and syrups Winnipeg Jan. Canned beets Are reported to be very scarce. A few cars of cheap american Corn have arrived on this Market. To Matoes Are very firm with higher prices looked for. Peas remain unchanged with no. 5 line offered at attractive prices. Practically All pack i larger pro hts of Nova Scotia Reserve and undivided profit exceed double Bank s paid up capital special despatch to the . Montreal Jan. Annual state ment of the Bank of Nova Scotia for the year 1926 shows that the Bank s operations have been quite profitable. After providing for All bad and doubt Ful debts the net profits for the year amount to the highest since 1920, and compare with for the previous year. The profits for the year plus brought Forward from 1925 made a total of available for distribution. The sum of was paid out in dividends War tax on circulation required 000, was contributed to the offi cers pension fund and was written off Bank premises leaving a higher than those at which Southern hemisphere wheat is. Being offered la european markets. Exports bids at York were around 81.48. Ocean freight rates were further reduced Dur ing the week but at the reduced rates United states wheat would still Cost five cents to six cents More in the English markets than Argentine wheat. No. 1 hard Winter wheat 12 per cent. Protein was quoted at Kansas cents to 5 cents Over the May Price 12 protein. 5 cents Over and 13 per cent. Cents Over. Soft Winter wheat Corn 0 157 0 Barley no. 3 . To. 4 were with six million More at this time last Winter. Receipts during the week were almost four million 67 66 71 4 Wilt. Up. -116 feed of. 2 nor. Sn.-.126% of. 3 nor. of. 3. Nor. Of. 3 nor. Of. 4 ight. Bp.111 Sra. 3 nor. Of. 2 nor. Of. 2 nor. Of. 3 nor. Sp.-118% of 3 nor. Of 4 writ. Spa. Dur. Usual saturday Type. There was again a Good inquiry for the better grades j 3 . Up. Of to neat and sos. 1 and 2 Northern 1 cd. By. Changed hands at Vic to better j of. 3 than Friday s closing spreads. Offerings were Light and came mostly n nature of Odd Carlots. Exporters reported quiet situation while Mill ers could not confirm anything tangible i Rej. Spin flour business. Coarse quiet Trade prevailed in these markets without much effect on spreads. The weather the weather has moderated a Little in Alberta but the general Outlook is for very cold weather. J forecasts Manitoba and Sas Katche i winds fair and very i 2 c a by. Oats _ 3 . 51, l a. Up 513i of. 3 59 of. 2 Barley _ vim. _ a. Up. By. 51u up. 45ii 4 . Up. Ile3. _ 71 671-i 67 3 69 in of. 3 . Up. 70 of. 4 . Up. Feed of. 3 o a. 6944 do. 3 . Up. Of. 4 . 1 . 85. _ of. 1 . 3 . By. 92 i ably ment at Vancouver alone last year at this Date. Following Are the figures of stocks receipts arid shipments at the head of the lakes for the week in store wheat Oats Barley flax 1g1 Rye be celts wheat Oats Barley flax. Rye shipments wheat. 521.888 Oats Barley flax Rye 2.141. 1 . Up. Bye of. J Grain Trade news j from other markets Winnipeg Jan. Says of wheat and flour exclusive of North America this week show an increase of Over million bushels chiefly from Australia and the Argentine. The world s visible of Large totalling nearly bushels. Norway and Germany were the principal foreign buyers tales for the week were reported at around bushels. The Domestic demand was unimproved although Mills took moderate amounts of the desirable amounts of the desirable grades. Corn prices held practically unchanged. Snow and wintry weather retarded movement but the colder weather was favourable for drying the Clamp Corn and indications Are that receipts will be larger again when Road conditions become More favourable. Feeding demand particularly in to Western part of the Corn Belt was Active but demand in general of Only moderate volume the Large stocks Nelling at the close of the week at Chi i Cago at 72 to 73 cents per Bushel St. I Louis 73 to 74 cents and Kansas j 73 to 74 cubits. Discounts for Damp and damaged Corn continue fairly heavy j and numbers four and five Corn at to 4 cents no. 6 was sales very Small and Little interest taken in today s quotations. Prices Are being asked for Carolina Rice. On account of its Fine appearance this variety is fast gaining favor with the Trade. Low prices Are still being quoted on Blue varieties remain in prices on Loganberry and Raspberry Are the features of this Market. Plum Jam is of course the cheapest of All pure varieties and is Selling in Good volume. Week raws showed a Little reaction and have been offered at 14 off or cents Cost and freight York. The next two months wll better determine the course sugar will take this year As crop raws Are not arriving in any great volume Winni Peg jobbers Are still Selling granulated at 87.136 per Hundred pounds. Corn flakes Are be ing sold at Small profit by jobbers and retailers Are passing the Benefit to the consumer. Tapioca remains unchanged with jobbers preferring to buy Java in Stead of Singapore on account of its May july open a lira Lnae Prev. 12.65 12.67 12.60 12.62a 12.67b 12.8o 32.80 12.77 12.77 12.8sb Mill loses Money Assoc Antcil press us Spatula Bismarck n.d., Jan. Complied by k. C. Nelson auditor for the North Dakota Industrial commis Sion show that the North Dakota Mill and elevator at grand Forks lost Dur ing 1926, a total of s42b.546. This makes the total deficit since the plants started operation of Montreal Jan. 2j. The monthly business summary of the Bank of Montreal., out today says the year began with tempered optimism in nearly All branches of Trade encouraged and strengthened by the confident note struck in addresses of Bankers and in the annual reviews of newspapers. A slowing Down of retail business after an. Active Holiday turn j Over is in the course of things but the movement of merchandise exceeds that of twelve months ago and of any like period since the collapse of the. Post War boor i. Car loadings which had increased every month in 1928 save september As compared with a year ago. Were larger by carloads in the first week in january than in the corresponding week in 192s, and by carloads than in 1925. Reflection of better business is found too in railway Gross earnings in the first two weeks of january. Canadian Pachec railway company receipts rising 000, and Canadian National railways tills gain was spread Over kill commodity classes. Bank debits Tell the same tale having been nearly 20 per cent larger in 1926 than in the pre ceding year while All provinces participated in the improved state lot business not excepting the Mariti Raes. British Columbia seems to have been highly favored having had Large production of minerals fisheries pulp and paper and farm products and extensive building i special despatch to the free Portage la Prairie Man., Jan. A meeting was held last evening at which a. Local Branch of the Canada colonization association was formed to be known As the Portage la Prairie District colonization Board the object of which will be to encourage immig Rar Tion and colonization and other work in connection therewith. The follow ing officers were elected pres. A. J. Maynard vice president Sidney Mckay secy w. Scott Garrioch direct ors j. A. Cavers f. L. Newman m. Setter j. Hyde w. E. Lovelock w. C. Hall w. J. Mcculloch j. Morrison b. Brydon and a. B. Earls. Washington approves visit of army planes to Canada associated press despatch Washington d.c., Jan. War department formally approved today flight of 13 army planes from Sel. Fridge Field mich., to Ottawa and Montreal under Sanction of the. Canadian government. The machines probably will leave Selfridge Field on monday. Bourse prices firm Paris Jan. Were firm on the bourse today. Three per cent rentes 53 francs 40 centimes. Exchange on London 122 francs 6414 centimes. Five per cent loan 63 francs 85 Cen times. The United states Dollar was quoted at 25 francs 25 centimes. The Gross earnings of the Canadian National railways for the week ended january 14, 1927, were As compared with. For the same week of 1926, an increase of or eight per cent. Train kills four dogs Man and children escape Canadian presi despatch port Arthur out., Jan. Wilson and two children travelling by dog team and Toboggan along the Canadian National right of Way in the Vicinity of Pearl while he was about his duties As lineman for the Hydro electric Power commission had a Nar Row escape from being run Down by a train. Wilson saw the train when it was almost upon them but was Able to take the children and cast them from the Toboggan to a Snow Bank on the Side of the track As he leaped to safety Toboggan was reduced to atoms and four of the five dogs were killed. Brandon Canadian club Brandon Jan. Bran Don Canadian club brought a most successful year to a close with a Quet at. The Prince Edward hotel prior Day Nigist. The guest of Honor was d. B. Macrae the assistant editor of the Manitoba who gave an interesting talk on the Imperial con Ference. Officers elected for the in. Suing year were president j. S. Kil. Gour . Vice president. Or. Oliver. Mcd Larnid and Rev. Father Grace Secretary a. B. Dowling treasurer. Beg. Longworth executive p. A. Ken.-. Nedy s. W. Mccullock. Arid or. Burton kurd. Stead of Singapore excellent appearance. White Beans continue to be High split peas will be higher this Spring. Of this Market by Canadian manufacturers is in Force with firm prices quoted on blocks and packages. Produce markets of Nutter and bees until further notice will be those supplied Tho by J. Coy left and co., Ltd. Produce brokers. Chicago were Selling at 3 discount under the no. 3. Argentine news wheat and flour on Jan. 1 is placed at Selling at about 6 cents discount. Oats marked unchanged the Oats Market was also practically unchanged. No. 3 Oats Are sell sold today and sunday. Fumic Elhiu Illino on the first of last year j no. 3 White Oats South shifting to Northeast winds i l special Cable service to Anco two years ago. The 4s i of Ahnne in non non bushels 14 to 4s cents am becoming colder again sunday. By Broomhall cars impeded what Jan. 21, 1927 1 Manitoba North Cdr 2 Manitoba Northern 3 Manitoba Northern 4 totals. Last or. Bueno Jan. Generally Fine. Foreign demand is Large As Europe will need continued Good shipments All Winter. Early arrivals of flax Are poor. The local mar Ket closed As follows wheat february to flax. To no at the principal markets at prac bushels. Compared to j the same prices As a Wek ago. At Chicago being cents Minneapolis id Kansas 46 2 c. Or 3 c. W Grade. Movement by 7 5 217 283 6 Winnipeg Cash prices trains at the of closing the Arkel Winnipeg Grain letter i n. Bawlf Grain co., Ltd. I ,.1 Winnipeg Jan. Market opened steady and unchanged this morning then a Little better demand developed As the session progressed and while the buying was said to be local it was More than sufficient to absorb the Light offerings without bidding prices up. While there was Little or no evidence of Export bus iness out of this Market it was re ported that the european importer continues to bid for Cash wheat that is in position for prompt shipment for Seaboard and this1 in the face of very heavy world s shipments prices Are said to be out of line with the world s parity. Evidently european require ments Are much larger than has been anticipated or the chinese situation is causing uneasiness and they Are secur ing extra supplies for fear of serious Devol ments. While Export sales were not Large today it was reported that the enquiry from abroad was More general both from the United King Dom and the continent. The local Market closed at the top. Showing gains of Liverpool closed to for the May. Lower but was con 7 Duran 1 red f t2ii durum 1 my durum no Tough 142 11814 11sw 124 i 131 126% 118-i 1105-i . 0 c a 1 i 300 52% 52% 51 id 45 it 119v3 114 i 12714 123 i 131 4 118 110 119 a 300 59 a 5214 52 h 50% 46-14 45 w. Trued As quite firm in the face of our decline and the heavy world s shipments. Buenos arcs closed 1 cent lower Friday but 1% up today reflecting heavy Export sales de spite the fact that the movement in that country is quite heavy in the Cash Market there was a Good demand for wheat and no. 2 Northern changed hands at a cent to a better but year. This increase in spreads was lost later. Offering Are scarce and very tightly held. The Market looks like a trading affair for the time being. Coarse grains there was again Good buying or Barley and Rye with some Export business reported. Offerings were scarce and prices made substantial gains. Oats were very firm. But Trade Small with Little for Sale. Flax firm undertone in sympathy with the general strength in other grains. Trade again Small but no pressure Lakehead Grain Stock Canadian press despatch fort William ont., Jan. With almost -54 million bushels of Grain in store at the head of the. Lakes the elevators Here Are worse plugged than larger Tyfian a year ago increase of about bushels Over a year ago is accounted for by larger crops in Australia and the Argentine Thea year. North american exports of wheat and flour Thea season have already exceeded last year s total by about bushels which in crease is All United states wheat and flour. Canadian offers Are a Shade lower. Wheat was in Little business worked yesterday in hard Winters from and a few loads of Man Tobas. There was a Little interest again in Vancouver wheat to the United kingdom at lower prices. Shipments Are expected to be Large this week being furnished chiefly by Australia and the Argen Tine. This wheat however will not arrive until the end of february. Reported in province of Buenos Ayres which will furnish the required most Vire for the time being. Other provinces were Cloudy yesterday with prospects for rain to Day. Cents. The Barley Market in the Cen trial West was slightly former As the re sult of an excellent demand for the Best malting types. Higher prices in Canada caused a better Export demand for Canadian Barley and also tended to strengthen Tho Domestic Market. Best malting types sold at Minneapolis at 71 to 73 cents Chicago 75 to 80 cents and to 81 cants. Barley suitable for seed sold at the latter Market As High As 90 cents feeding types were also slightly firmer prices ranging from 55 to 70 cents per Blishel. Loading at Prince Rupert Washington official i 1 Grain Market review Washington Jan. 23. Slight advances in wheat at Liverpool and Buenos Aires imparted some strength to the United states wheat Market situation during the week ending Jan. 22, according to the weekly Grain mar Ket review of the United states department of agriculture. United states wheat markets were practically unchanged with both milling and Export demand of Only moderate volume. A moderately Active feeding demand held Corn and Barley prices steady but the. Movement of Corn to Market was sufficiently Large to cause a further in crease in the already Large stocks. Flax was further influenced by higher prices in Argentina. An increase of about bushels Over previous estimates was made in a recent Esti mate. Which placed the Argentine crop at about bushels compared with bushels harvested this this increase has apparently been discounted in the markets however As both Buenos Aires and Liverpool prices advanced about a cent per Bushel Dur ing the week. Threshing returns in Argentina Are better than expected in the Southern provinces according to Trade reports. Wheat from tiflis Section is being offered delivered in England at Argentine shipments were again heavy and totalled 500000 bushels. The increased move ment of the Southern hemisphere crop is being reflected in the larger amount of Grain on Ocean passage which of Grain totals around bushels. The world quotations of commercial sup ply of bread grains at the first of about Bushes special despatch to the Prince Rupert b.c., Jan. Suzuki line freighter Seine Maru which arrived from the Orient last go on berth at the elevator on Mon Day to Start loading a cargo of about nine thousand tons of Grain for Shang Hai. The vessel is at present undergo ing lining at the Ocean . Other boats due Here to Load Grain Are the inner ton. Coming on Jan. 25 from England to Load for the United kingdom or continent Yougen Maru on Jan 27 for Orient and King James on feb. 1 for the United kingdom or continent. Vancouver wheat Market Cann Liui press despatch Vancouver b.c., Jan. Closing wheat quotations spot and in route no. 1 Northern no. 2, Northern no. 3 Northern no. 4 no. 5 wheat no. 6 feed 81 i screenings 810 per ton. Livestock markets Dominion livestock Branch i the receipts at tie tin Lon Stock Yards saturday morning were extremely Light and insufficient to constitute a Market. Livestock quotations be celts hogs sheep 21. Choice fair to Good medium common Winnipeg Jan. 20. Cattle 480 calves 45 steers 9s.76 to 5.75 to 6.50 5.00 to 6.50 4.50 to Butcher heifers 5.75 to fair to Good 4.50 to Butcher cows Choice 5.26 to fair to Good medium. Canners and cutters bulls Good common oxen 4.00 to 3.50 to 2.00 to 8.76 to 3.00 to 4.75 6.50 5.50 5.60 5.00 3.00 4.50 3.50 no butter 1 Creamery butter . Winnipeg according to Dom. Govt. Cradles fresh not Over 5 Renys old .48 .46 .35 extras dozen cases returned. Firsts dozen Ca ses returned seconds dozen cases returned i or Neil 1 Oti Itoch jobbers to retailers Manitoba potatoes per 1.1c vegetables jobbers to Manitoba Green onions per dozen Bunches american lettuce. Per dozen. .75 american a Idle pcs. Dozen Bunches 1.00 California celery per .10 of itch i Manitoba cabbage per cwt--------3.00 Manitoba turnips per cwt.----------1.5u Manitoba beets per cwt. Manitoba Carrota. Per cwt. Manitoba purse la. Per out 2.00 4.00 floor whole Ala Pricw. Small Loti delivered to the Woods 98-lb. For that Hyde Park London dry Gin notice but about Good 3.50 to 4.00 in the matter of the estate or Alfred Henry Dale late of Hareln Duje in the municipality of Springfield in Manitoba Farmer deceased. All claims against the. Above estate must be sent to a. B. Bowles 40a Luron and. Erie. Building. Portage ave vie Winnipeg before the loth 13th Day of Aflex 1927. A. A solicitor for ninety fifth annual report of the Bank of Nova Scotia capital paid up Reserve fund and undivided profits profit and loss balance december 31st, 1925.i.-----s 39 net profits for year losses by bad debts estimated and provided for. 99 s 38 dividends for year at War tax on circulation to december 31st, 1926 contribution to officers pension fund written off Bank premises account balance carried Forward december 31st, 1926. General statement As at december 31st, 1926 liabilities capital Stock paid in Reserve fund balance of profits As per profit and loss account 38 dividends declared and unpaid 00 00 00 00 00 38 s 38 notes of the Bank in 95 deposits not bearing interest. 84 dip 24 08 03 balances due to other Banks in 73 balances due to Banks and banking correspondents m the United kingdom and foreign countries. 38 Bills payable. 90 letters of credit outstanding other liabilities not included in the foregoing 96 14 89 _ assets current Coin. Dominion notes. United states and other foreign 990 685 17 notes of other 11 tji a of 14 50 78 96 of respondents elsewhere than in Canada 68 23 Deposit in the Central Gold 00 doff on and provincial government securities not value 32 Canadian municipal securities and British foreign and colonial Public securities other than Canadian not exceeding Market value. Railway and other Bonds debentures and stocks not exceeding Market value 15 stand sort not exceeding thirty Days Loans in Canada on stocks Deben Tures and Bonds and other securities of a sufficient marketable value Call exceeding Loans on stocks debentures and Bonds and other securities of a Sulci end. Marketable value to cover. 41 70 la of customers under letters of credit As per Contra. Or for. Other assets not included foregoing. G. S. Campbell president auditors report to the shareholders to the chief dance Ana Ami bran com verified by m t tie close of 40 78 56 37 j. A. Mcleod general manager. Books office and at obtained Allt come under our notice m of us Ai on Decell Iii we and in our opinion the transact on Bank. Inner our Usu ii. We certify that Iii our opinion the Al the Bank. Toronto. Canada 15th january 1927. True con of lion of the Bank and la a. Horo by Lix Book of auditors ;