Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 5, 1927, Winnipeg, Manitoba Manitoba free press Winnipeg. Tuesday july Dixon mines Ltd., takes Over 18 claims at Beaver Lake from. A. J. C. Collette and associates says j. E. Dixon. Trade and Commerce mines and the Money markets Dominion steel vote to support Board of tors in opposing any court actions. In Stock list brazilian pushes up five posts Shawinigan and Quebec Power also Strong the United states Dollar was quoted at. I of 1 per cent premi Xun. The British Pound a quoted at si.86 Normal Price without Bank i charges. S4.36 3-3. The following quotation Are in cents Al foreign currency i Par today belgian Belsa 13.90 13.971 danish Krone 26.80 i finnish Finmark. 19.30 i French franc 19.30 German Rel Seamark 23.82 greek drachma Holland Florin Indian Rupee italian lira norwegian Krone Spanish peseta swedish Krona franc i Engineer inspects 40 claim pro 6.80 26.91 Perty on Beaver Lake near flin flon special despatch to thu live july of from three to Twenty Points among the Lead ers of monday s sessions of the local j Market marked the commencement of a new week. I new month a new Quarter and half year in the Mon i trial Stock Market. A recovery was not altogether unexpected by reason of i the impressive Uci Ion of new York on Fritiaf and saturday wicca this mar j Ket cons eco. The bulls had it ail i their own Way on saturday with Tui in Rev Prospect of easier Money. Trio i Ivor Eccl Rath cd hurriedly and can. Fire moved upward easily. They j can. Pc. 19.30 48.00 19.30 26.80 19.3g 26.80 19.30 2.54 3.90 23.85 i 1.38 40.23 36.43 5.5g 26.05 it.28 exports of pulp and paper 19 38 i Winnipeg Stock go attn Zipek. July a of Tiernel Hyrc being Only five Niall Par ins. 51 re. 100 life . Go. 100 fail paid 100 Northern 50% paid 100 Northern trusts co. So Standard Trun Sec. 50 Elco. By. Co. 100 b. A. Oil co. Ltd. 2f bid fir 401 ass secs As compared id gains which wore substantial. Those t a Star of traders Elds. A of co. Com. Assn. It. 100 100 ing just Himl in the present course of i the Market which despite the fact that it is admittedly Hith they to i Llerve to hold some notable opportune tics for the i Turr. One of Iho notable features of the i Marks was a brisk incr Cut in Cana f ii us shocks on the t of London j one House along had substantial or i cirs n Hulf a Cloven different. Issues. I the inference is that London res the recent re action u a tic been overdone or tit least to have brought j quoted Vaupic a to a Point where Rcpt file issues Are Aplan attractive. Brazilian traction was one of the stocks in question and London played i n part in t n a As the Active Leader of the Day a turnover of 1j.856 shaves. Selling Abent and Llic Price j Crisp v nine Rel up to a net gain j of a polm. Victory 100.70 104.40 103.00 1323 Victory 100.00 of. 35 08.75 Bonds Are 1346----1 quotations 000 denominations. L sales Elco. At 103. Central at 150. 1331---1000 it 100.70. 500 at. Tit 98.55. It 103.00. 500 it at 103.00. 500 it at ins.25. 700 n. 102.00. 103.00, 4000 negotiations with a. J. C. Collette and associates have resulted in Dixon mines limited taking Over the Waverley and Prince groups of claims at Beaver Lake about seven Miles West of the Plin flon. In Northern Mani Toba. James e. Dixon president of Dixon mines limited announced fist night. The transaction gives the com Pany a total of 10 claims. The Waverley comprises eight claims and the Prince ton. Both groups being near the original holdings of the company. About of work has already been done on the Waverley group or. J Dixon stated. V. J. Hoisted mining Engineer of i Milton Kersey visited the property i with or. Dixon. And made a thorough of the work done to i As Well As taking thorough assays from the veins exposed. I the was cloy has a. Big oxide Ore body from which Good Gold have been obtained. Or. Dixon said. I chief interest however centres on sin Arsenical Copper body on which the vein Lias been traced for approximately 5.000 feet. The Width is very great he said although not yet definitely a Cal cd. On tiie Dixie group one of the Ori Ginal holdings a 3.000 foot j vein has been traced extending Over 102.25, three claims. At present six men Are working on 10325 the property under the sup cry Slon of i or. Collette. 08. Go i or. Dixon confirmed reports made by mining men out of the j North that Tho present season is a i very bad one for files. On an Island j in Beaver Lake he said it was later i ally possible to snatch handfuls of i files and mosquitoes out of the air i with a sweep of the hand and this 101.00 103.75 i 100.10 i i 103.25 i 10s.oo i Dominion steel the variations the exports of newsprint paper follow the same lines is in previous years but on i rather higher level each year. The value of the exports was which is just Over a million above the value of last May. Wood pulp exports have also varied from month to month in much the same Way As in the two previous years but on a lower level than last year. The May value of was Only less than that of May. The May exports of pulpwood had a value of which is More than Hist May. S authorizes directors to defend any further court proceedings against company for i thar i ii local Market in Icci of from technical Point is i cow is usual. T no decline appears have been of Orcione. Re Liis is incl Carci by Uip in a wide Range of the Ginipro Crl Lehni position of the Market also be fic Curci. A pc a Days ago. Amateur Bull opera or v.-rrr1 finding to Thor i Liki. I hit irn t to to t to Stock Nirri. Toward tie end of lust week and today the Arni Tfir Al err Hii Dinc out Sanie t he Viz Ronial Soito Vav. A Bear trader be much More Tii Ruble than tic Bull Cor Trio la Ter Lias an overwhelming pro Abu i corp. 22 Atlantic sugar 23 Telephone h7 Ern Rasinti traction. Kni1 Brownton paper 31. Canada car 3l Canon car of. In can. Steam of. So Canada Cotton m3 Canada Cement 1 Vij Canada converters 04 can. Indus. Al. Can. Gen. Eloc. Of. Dominion Bridge Pomini Vioti class 1 Rorr tide Howard Smith s81 made conditions for working difficult at Fresoni. In other Par is of the Field the flies Are not so bad lie said i adding that the North country was an Ideal place for Holiday makers Jack j Trout and Sturgeon abound in the lakes he said and a few minutes with a lin.? would always provide a to Asly meal for the traveller. Creston is i bought for cutting Manitoba sags two to sales smallest for present year although climatic conditions have been too variable and the average temperature too Low except for a Short period in. April to allow Normal distribution of summer specialities it is believed that comparatively Light stocks will have to be carried Over because of that marked the buy ing operations of Many retailers Early in the year. Moreover Thuro has been a steady find Active movement into consumption of Many Staples including Cotton goods millinery wearing apparel footwear furniture paints hardware oils building materials j imbuing and electrical supplies so hat sales in the aggregate show a substantial gain compared with the Iota for the first halt of 1926. 35 s3 an 142 portion of Hun inn working in j Doin Nion textile Hir favor and the former his of Lake or the Olla Siclar of brazilian a number of other incl Ivl a 11 a i 90 j 00 113 147 11 84 is in 142 1 110 94 a i 179 Lufi 00 go i Iri 147 84 63 t in million feel of standing Wood purchased announcement is that he feet of standing Timber owned by Tho a anal settlement . A couple of Miles Masc of ores ton and immediately adjoining the Soldier set Camp at Lister has been Pur chased by Putnam. Palmer and Staples Ltd. This firm for the past four years hns operated a Sawmill at Goat i River crossing. The Purchase of the j of shares. Timber includes the Sawmill plan that area was coupled c a of t a n p or 5 5 t e s p a. T Rte t Oron to. J i i y re m c d u 11 n Ess featured trading on the Standard mining Exchange monday and the vol ume of was Tho smallest Lor the year to Date. Teck Hughes Premier and to Uinger scored Pood gains but he no tic in Terest centred is Ricly i Amulet and area which accounted for More than a third of the total turnover. Amulet opened at and the Price was run up to before noon i at than Point pressure developed that caused a decline to a gain of two cents with total sales Dalhousie Oil flow said to_be_250 barrels Osier Hammond Wanton Calgary. July 250 barrel How or crude Oil at feet is reported by. Dalhousie no 5, in the Turner Valley Field it is stated Here. The Oil is heavier Allan the usual Turner Valley Naph tha being of 42 degrees. Loganberry wine Industry i Wei at coast despatch to the Fri a Tress Montreal. July the annual meeting of the Dominion steal corporation limited held today a Reso Lution was passed unanimously by shareholders. Approving the action of the Board of directors and of the corporation in opposing the application of the National Trust co., Ltd., for the winding up order to the corporation pud authorising the Board of directors to defend any further proceedings against the company or its assets or to prosecute or take action or proceedings which May be de pied necessary for the Pui Tecton of the company or its insets. Or for. The enforcement of any rights Vertain Fink to the company. Very Little discussion developed at the meeting. Replying to n share Holder As to the consequences which would ensue if the proposed scheme of arrangement for re organization or British Empire steel corporation is approved at the forthcoming of july 11. B. M. Wolvin the pin ident stated that if the scheme of arrangement fell through it would undoubtedly be taken Advant pc of by those who Are trying to wind up in corporation As a proof of the inability of the company to effect ton find financing. It would have weight with the courts As do nce of inability to take earn of our he stated and might have the effect of appointing a liquidator and winding up the company we Iii. To my mind would have a disastrous in answer to a further question or. Wolvin stated that if the Dominion Coal. Corporation is wound up i can not see where there will be Iny Money for Dominion steel common share holders. If there is no value to Rommon shores of Dominion steel corporation there would be no value in my opinion. To second preference1 shares of British Empire steel corporation and it would also reduce the value of the first j the annual report was adopted and directors elected for the ensuing Yosr i group stronger j in Toronto Stock Market Canadian press Toronto. July Securi j ties turned stronger nil along the line in quieter trading Ftp tar the Lone week end recess on the Toronto Stock j . I International Nickel was the most prominent Stock on the . Tin i Stock held up Well Between 3 find j the close was at the top a net i gain of j in the distillery group the sharpest move tvs that of Seagram which in i proved to 23. Hiram Walker Van the Active Lender of the croup. It j moved Between and 47v8, finish i i James Richardson and British american Imperial International to Beacon Massey har Refl Canada Canada bread Canada Broad City of Ohio. Intel notional to 01. To 11. Kelv Csutor to Dominion to r n. Maple Canada. To 28. Gooderham and Sona. Ltd Canadian Montreal july 4. 2-30 5 Montreal in 25 1b Koyal 280-286y" oo.mjn1o.v Allan. Killam Mckay the following approx Ima Vatious Ltd. Furnish to Bond quo 1931. 1937., War loan 5, War loan 5, Victory Lonn Victory Lonn Victory Lonn Victory loan. Renewal loan renewal loan refunding loan 5, refunding loan 5. J927 1933 1d34 1837 jd27, 1032 1828, 1043. Rival Boc v the decline liar former u Points the gained 2u it 270 . Dominion Brilec was in 4 j Points 179 and smelters. Point i at 219 . Alcohol. Act re throughout the break advanced Points at on Tho curb. The feature was International Nickel thy cd naturally reflected the improved Market for the Stock in new York on saturday. It furnished trading in 2.2go shares and advanced 31., Points to l Hornby just a Bruit Chine Wali Street s of la it t Ore. H a 11 200. Of n s b 3 res n inter-1 Nai ional Kickul c liar and hands ciurin1 .june1 in trading on the Montreal curb in rec n c exact t of a 1 Oor this St oct 203.ogd. Ii ranged from 74 j and closed on Juno 30th at j a net decline of compared with the or Rylous month. I Dominion touched a new of 189 and closed at 182 for a no gain of 12 Points. The 1027 Jow. Established in january . 135 and the Stock has advanced 47 Points Dur ing the Hulf year. The land settlement Bose d erected at Camp Lister in 1920. Montreal Mcdougah and co to Runjo Montreal july morning at 22. pad -80 St 830 10 a Sintic at 2h 5 a 23 at 2it. At Brazil a tit i-td1 25 n r. 375 it 167 50 it Utu a i at 1t. Int i i 0i at 15 too 105 Ai i57li 50 157 0 r. I. 1 p i. 1 t. I 123 at 100 n. t250 a 157 100 at to or. L53 2fj at 15r- in Ai 50 at 130 at 155r-s fit inf. Fit 136- i at 200 at 150 u9u 135 at 159 a 50 fit. 153 a so at 110 at i591.- 153 305 it 159 a 03 at 153 153 i 50 at 25 at 30lj Ecil at 147. Fin. Car of d at s8. Can. At 37. Can. St 142. I National 80 at g3. At 107u i Al 12, 60 at 734. I Quebec Al. 254, 25 at 235, 305 256, at 256 a 70 at 258, 25 it 260, 10 at 1 Shawin Laii 50 at 80, 100 at to i. 75 at 25 it 10 at 80. To at. 105 l it 80, 25 at. 50 at 73 a. 85 at i Lio at to. 75 at 35 at 82, 175 at f so i. F at b2. Fly at so i. 35 at 220. 150 fit 210. I Spanish at 74. I alontrr.1 c Urjil b. A. It 27 i -10 it 21v Imperial it 42. Manitoba at 56. Coan copj3er--2fi at 15s. A n i u 1 p 2 u 0 at. I 0. Power corp.--10 at 331-.-. Afternoon Asb Rmos at r7 Abi Tibi -50 no 03 -10 at 34 5 no p4 s. . It at Aniis 200 at 50 at line at i50rx 30 at 110 at 159 115 at 159-% 205 at 159 a 100 no 158 la 100 a 150 i 25 at 3" 5 at Jin at i 7f a ibo a he at 1gou 23 1goh 200 at i6f 25 at 100 with Amulet in 1 the latest developments and consequently the offering was Vrell eel i and the close at cents. Absorb i tip 1 b i he Loganberry wine Industry of Vancouver Island has been successfully financed under the growers Vine co., Ltd. Ill 1026 the company bought Teck. Hughes continued it s upward five sixths of the total crop grown in swing and after a slight reaction Early j Yannich. The company operates1 its in the morning never hesitated in the winery in Victoria and produces a Rcv climb to an Advance of .15 cents. Syivan Ite was 5 cents higher at and Wright Hargreaves u p two cents at Kirkland Lake gained a cent a pc but Lake Shore was five Cento higher at 518.90, with Only 110 shares changing hands. Rage to Mac is growing rapidly in favor in All the Western provinces. Pui Ichak of fictive Canadian press despatch in Educ july Quebec South for the particular Man custom a built by merchant 1895. 307 fort St. Phone Zzz 725. Price yield .100.85 4.68 .103.75 .100.10 .104.55 .103.25 .108.00 .100.00 .102.25 .100.00 .103.25 where sum nor Days Are wonder Days Yon n of a parts v. S of of a Liui can oi1 hop for hours .Jif in f i and it s Only three hours from Winnipeg trains Isis rattle in daily 6 trains i fun avs. l . Slops no Valoni lil offers All the comfers of a modern big cily hold. t in Rosai ii. . G Tennis dancing swimming i at i at i 410 ill i 100 600 no 25 at 125 at can. St 142. Ontl. Dorr. It 175 50 it 76 50 at it 3111 25 at 3114 177 75 at 1751l 35 at. 177 2n it 177h. 75 at 25 it 178vi so it 170 10 it 125 at int. N Bell at. 14 can. Stone. It Fly i. Dom. It 179. Dom. At 116. Into. At 135 at 31 330 25 at so i to at 31v 50 it 31 i 170 10 at 125 at 30 130 at 178 225 at 179. At 2n at at 115 i 25 at 116 it 1b. 25. Jail. At 29 i at 29 it 6 175 25 it 29ra at 180 10h at t 30 5 it 10 a at 611 100 at i 50 it 61u 220 29 210 it 235 at 30 10 30 125 at so. . It i i at in t 50 it 61 105 spi 200 at 50 at sent 35 at 81u 125 at. Lauren tide 10 at 901at 30h it 35 135 it 35u 25 it 34vi 390 it Udo at 35 at 35h- 50 at 5 at 5 at 20 Mintron it 34 25 at g3ti it 84. Is 50 it give. 7? at 90. T at j 10 at 35 25 at 500 i Montroal at 45 at 62 110 at at 61-h 15 it 62 . The bulk or the sales of Henvey Gold were represented by one lot of shares which an out at cents a decline of cents. Manitoba cents Keeley declined steadily and closed at 81.00. A loss of eight cents anal Castle Trethewey was off one half cent at 82 cents. Mining corporation was of two cents at no important change in business situation with a Resolution passed at a recent meeting of the shareholders of the concern at which it was decided to sell the the Gatineau Power company. Of Corr c. T. R. Gross special despatch to the free press Montreal july 4. Gross earnings of the Canadian Pacific railway were in the period ended june so compared in the corresponding period by last year an increase of 35 i 00 25 it 35 it 83 la o it by at. Breweries 10 at 5 at is. Quebec Power 5 it 266 30 it 268 5 266 10 at 2g.o 5 at 268 it 270 91 35 at j 82 despatches to Dun s review from Branch offices of b. G. Dim co. 4n j the principal cities state that while there has been no important develop Merit or change in the Canadian Taus 10 Ness situation the Advent of warmer i weather at some Points has been at p3 5 at i prompt y followed by an increased of 50 at 823i 10 at a 25 at 165 j Mand for seasonable commodities. Of at so i Staple merchandise continues to be i to 10 at 219. J a sol bed n satisfactory volume. Toronto mines. 6 River Zenith Coke Arry Gallio. Can. Lorraine Central Manitoba Coroniti Crown Capitol d i print dome. Jon Rouyn Jol Dale _ old _ _ Oom Hill . Granada. Rover Daley Esler Hammond Nanton limited wholesale distributors Winnipeg Manitoba. Stocks Bonds and Grain direct private wire to principal markets 232 Portage Avenue Winnipeg phones 22 882 the Royal Trust executors and Trust Fps Winnipeg Board a. Mctavish Campbell j. S. Hough k c d. C. Coleman a. F. D. Macgachen Winnipeg office. 436 main Strmec manager. F. S. Long assets under administration Axce 3 jso.000.000 Holly Kirk Lake _ 133 Kirk . _ 15 Keniey 108 Kern _ 4 Lakeshore. 1b50 in vol inc Assn 20 i Mclntyre _ 247s i Mckinley _ 15 my ctr 10 Milns corp. 300 nip Seil a 580 new Rny knee it Hawk 6 i Norn Nln 2080 j Porcupine Crown 4y. Pioneer 87 i Potter Deal _ 20 Premier 205 Preston _ Rouyn _ _ _ r 20 Hughes 780 Thompson Krist _ _ 1 Oakes 3j1 towasp.iac380 Vipond. Wost Waxen a 20 in 20 i 2500 250c 15 15 10 " to i 305" 310 580 580 29 31 g 2075 2075 80 80 18 a is-1 215 210 20 785 1 s3 p 2 552 Mill Tox Stark port Aioli or. Out. July 4. 20 i 785 33 365 so 1 3 i 557 6 port Arthur s building permits for the year today passed the million Dollar Mark. There arc. in Kuiv antics i vory Man owes to his family. 1. To provide for current needs Dur or the productive years of his lire 2. To accumulate an estate that will insure a sufficient income for old age. 3 to acquire at once it possible. An estate that will Supply current needs of his family in Case of his death. Our of the Best things a Man has is j the satisfaction of being a steady i Dueer. Part of the income produced should j pc saved to create an estate. To is also the duty of every Man to acquire an estate at once if pos Lsible to Supply the family needs in car. Of Nis death. For most men this can Best i up done through life insurance which i should be considered an excellent form if of investment rather than a necessary i item of exp Elise. I copyright editors Iii make round trios Durine the censor., beginning mondn7. July leaving Selkirk every Munden it 6 . For so Arron s Lance aug with r Lucr Bont for Norway House and Cai Lonb it Gull Harbor. Bull hand by run s , grand a Perls and other interim Dine Points re turning to the following sunday morning. Sailings july 1. 18, 2. Ausust. __--------1, s. 15. September .1, in bar return fare including berth a co sind ans 3cb 5.35 until further leaves Selkirk every Mon a at 3 . For Warren s connect ing with it scr boat for Norway House Cal liner at Points and returning to Selkirk Friday return fare including Fijoj of berth meals and tax week end trip , Wolverine Selkirk every Friday at t . For big George s Island calling at intermediate Points and returning to Selkirk Mon Day morning. Return fare including of of berth meals Anil tax 3 i for descriptive folder and he Serrations apply the Northern fish co. Ltd. Selkirk Man. The . Guest fish co. Ltd. Winnipeg Man. Phone 26 888. Prompt re investment desirable prompt re investment of interest and other due Early in july will prevent unnecessary loss of. Interest. To facilitate such re-investment., we have prepared a list of government. Municipal and corporation securities yielding from 4.50% to these securities have been carefully chosen and should meet the require ments of All intending investors. Following Are selections from the list government and municipal Securi to Dominion of Canada province of Ontario province of Manitoba. Province of Saskatchewan province of Alberta province of British Columbia province of new Brunswick province of Quebec government of Newfoundland _., state of new South Wales City of Winnipeg City of Toronto City of Montreal of Vancouver City of Ottawa City of Saskatoon City of Hamilton City of Oshawa City of Edmonton. City of Moose jaw Westmount. Municipality of Point Grey rate maturity All maturities. .6 1936. .4 1947 .4u.1946 .6 1941 .6 1930. .5 1967. A -o1934. Of 1943. .6 1935. .5 1934. .51957. .4uj1933-67. .5 1942100.50. Price Market. .108.50. 91.60. 98.50. 98.12. .111.32. .101.95. .100.00. .105.50. Market. .104.15. 9r.07. 99.00. .103.50. .103.82. .100.00. .107.21. ,100.50., .104.75., ,100.00., yield ,.4.65 ,.4.90 4. 50 ,.4.5i 5.00 5.40 4.70 4.70 .4.58i.85 5.00 corporation Bond share corp 5 Bell Telephone company of Canada "5 Montreal Light heat Power cons. 5 Montreal tramways company 5 Gatineau Power company 5 Montreal Coke manufacturing co. Port Alfred pulp paper corp 6 Canada steamship lines limited 6 the Anticosti corporation i French National mail steamship 1947 ,.1957 1951 1941 .1956 1947 .1943 .1941 .1941 102.00. 99.50 97.00., 101.00., -.100.00 99.00., 103.00 common share i warrants. T interest and principal assured by ------1952 91.50 -00 ;