Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 9, 1927, Winnipeg, Manitoba Manitoba a Iee. Press Winnipeg saturday july 9, 1927 Money and business foreign Exchange collections fair to slow on Prai Ries with improvement prob Able say credit men retail Trado wholesale and of wholesale the weekly Trade report of the Canadian credit men s Trust association limited for week ending july 9 is As follows St. Wholesale Trade during the Post week May be considered satisfactory. Good. Collections both retail Good. Lines Trade report very of nor amount of Trad ing. Boots and shoes show a distinct increase in sales Over last week. Re Tail Trade both City and country is very Busy a Gool volume being trans acted in lines. Wholesale collections Good. Retail very fair. Volume of business transacted by wholesalers and manufacturers generally May be considered very fair. The a Arm weather prevailing has resulted in a. Considerable improvement the retail Trade there a very satisfactory de Mand for All seasonable goods. Collections Good. Winnipeg. All lines of wholesale Trade Are enjoying a very Nice volume of business for tills period of the year a steady improvement being evident. The retail Trade is very Active in seasonable lines especially wearing apparel and camper s sup plies. The tourist traffic is in excess of previous and dealers in the higher classes of merchandise Are feeling the Benefit of business from this source. Collections fair. Retina. Wholesale grocery sales during the past week Are reported As Good. Dry goods and boots and shoes quiet. Hardware builders supplies and Auto accessory dealer enjoying a very Good volume. City and country retail Trade fair. Wholesale and re Tail country collections slow. Retail City fair. Grocery Trade very Good. Dry goods ers supplies and Auto accessory sales Good. The sorting business for boots and shoes is rather Xii it Alt Hoigh fall orders Are very satisfactory. City retail Trado is rather quiet country slow. Collections generally fair Al Tho High. Improvement is expected after the wheat Pool distribution. Of re Jarry. Business conditions in both wholesale and retail Trade con the United states Dollar was quoted at of 1 per cent. The British Pound was quoted at Normal Price without Bank charges 84.86 2-3. The following quotations Are in Cento per unit of foreign currency Par today belgian Belga 13.90 13.99 brazilian Milreis 54.62 danish Krone 28.80 finnish Finmark 19.30 French franc 15.30 German Rel Schwark 23.62 greek drachma 19.30 Holland Florin 40.20 Indian Rupee 48.00 italian lira 19.30 norwegian Krone 26.80 Spanish peseta swedish Krona 26.80 Swiss Iran 19.30 11780 26.00 2.55 3.95 23.36 1.36 40.32 36.40 5.49 26.02 17.14 26. Is 26.97 Tine satisfactory. Collections Only fair. And retail business reported Good notwithstanding continued Rainy weather. Vancouver. The manufacturing Trade during the past week May be considered fairly Good. Wholesale hardware and. Grocery sales Good other lines fair. Both City and coun try retail Trade fair. Collections fair. Local construction work of All kinds continues very satisfactorily. The tourist Trade is also continuing very rapidly. Will revamp a Prat a belief in Robyn needed to Montray options Duprat mines Ltd., is to be re organized according to Bolyn Miner. A special general meeting has been called for this it impose on july 5. It is proposed to change tie company s capital of Sannra of Par value to shares of no Par value and to Exchange the present Stock on a basis of one share of new for two of the old. This will leave the Treasury with shares. The paper the purpose of the proposed re organization of the capital Structure of the company is presumably to acquire properties now under option some 4.000 acres in Montray and 40 acres in Kaml Scotia. Results on the com Pany s properties in Duprat town ship did not warrant a further expenditure. Nothing was encountered in the Way of commercial Ore Between the surface and 500 feet. This area was intensively when earning Days Are Over the savings of productive years should pro vide you with an income. The habit of putting a portion Money in a savings account every pay Day will assure you this Security in later years. Open a savings account at any of our branches. Start it with the amount you feel you should save each pay Day. The Lauren tide and Spanish River statements expected to reveal great strength special despatch to the free press Montreal july paused Friday and watched Wall Street. The performance of the new York Market in the face of another Large increase in brokers Loans announced after thursday s close was Little Short of amazing even to some who Are thoroughly impressed with the underlying strength of new York. On the news a fair sized reaction would not have come As a Surprise by any Means but the worst that happened was some Early irregularity with the Market closing with a decidedly firmer tone. The local Market showed More re Flection of the Loans increase than did new York it merely marking time and sagging under the weight of Scafe tred profit taking before the week end. Selling however did not make its appearance in any volume and the leaders withstood it in rather impressive fashion losses being kept Clown to moderate figures in most in stances. Or brazilian traction was the Active Leader of the Market with a turnover of shares. Profit taking carried it Down to 162vz, but it rallied in final hour to 163 this level representing a net loss of 1% Points. There is no expectation that anything will Como up at the annual meeting re Garding the talked of splitting up of the Stock. Toward the end of last year the ill res started to fall and when the time comes to make comparisons of earnings for months of his year with months of 1023, when the rate was working lower some very encouraging data is bound to result. D the annual reports of Lauren tide and Spanish River companies for the year ending june 30 last when published will make interesting Reading for the investing Public. The Stree understands that the Spanish River company were Able to earn the dividends on both stocks in the first six months of the fiscal year. The state ment is expected to reveal the fact that a further reduction of nearly has been made in the bonded in deftness of the company and that the net working capital position1 of the company will be Over the improvement in the Market position of Industrial alcohol during the present week would appear to be due not Only to the increase in its output of the various lines of beverages handled but to the More stable conditions which prevail n the mar Ket for denatured alcohol and lacquer. So Good were the earnings during and june that sentiment in the Street now looks Forward hopefully to an in crease in the dividend before the end of the year. Advices from across the line Are that surplus stocks of finished alcohol which accumulated under High pressure production in the second half of 1926, when molasses raw material for alcohol distilling were Low now have Ben largely depleted As a result higher prices for summer find fall delivery have been announced. Montreal stocks Abl Tibi Mcdougall Cowans open High l cios 93 i 93% 931" Asbestos corp______23 i 33 a 23 23 Asbestos corp pad 88 88 s Lv-i1 Atlantic sugar .-25. 25 25 Bell brazilian. Traction _ 164 164 162-v4 163 Brompton paper___32v1 Canada car 125 can. Car can. Steam pad. Canada Cotton can. Cement_______147 Cement pad 119 can. Converters 94 can. Alcohol Domlin. Bridge Domlin. Glass _ Lauren tide Howard Smith 32 i 36 32 i 35 Dominion textile _ Lake of Woods ____147 Mckay and. Co. Montreal Power National brew. _. Ogilvie 72 Peter Lyall cons 40 Price. Brothers 52 Quebec Ray. 264 so. Can. Power 02 Shawinigan Power _ ____228 Spanish River Spanish River pad. 114 steel of Canada 133. Steel of can. Of 137 mpg. Elec. Rail cd. 72 125 147 94 3194 31% 179 180 117 117 83v4 co 125 147 110 94 31vs 179 117 94vi 93 60 60 147 125 147 118 94 31v. 180 117 94. So 112 147 119% 113% 119% 119 h 83 83 v4 83 83 88v4 08v4 68w 68v 279 72 270 40 40 52 52 266 264 b2 8qv4. 79% 228. 225% 227v6 100 do 100 114 113v6 113 133 it 133. 133v 137 -137 137 .72 72 72 279 72 40 52 2g4 92 791 Osier Hammond a Nanton Sellers. Buyers miscellaneous Braz. Traction l and p _ Canadian Pacific . Canada Cement Corn. _ can. Car foundry com. Dominion Bridge Dominion textile l. Of the Milling co. Lauren tide co. Montreal Power Quebec Power 184v1 Shawinigan And p. Co. Steel co of. Canada com. Sterling Cable Sterling Cable new Yore. Sterling demand Montreal rate Between is Erling demand new York sixties Montreal hate bet Sterling sixties new York new York funds Montreal hate Between Prem. Montreal sales 15 at 10 at 25 at a savings department at every Branch. Corporation securities recent information concerning thirty seven Canadian corporation securities with which we have been identified is provided in our new Booklet corporation securities this Booklet should assist investors to plan a satisfactory distribution of their investments with regard to Security and income. It should also prove useful for reference purposes. Copy be furnished upon request. Wood Gundy limited Toronto Hamilton London ont. Lindsay building Winnipeg Telephone 22 s64-5 Montreal new York London eng. Chartered life underwriter test results announced ten Manitoba candidates Succes fully passed the examinations set by the life underwriters association of Canada for the degree of chartered life it is announce by life insurance service while two others passed in three papers and have the right to attempt a supple mental examination on Tho falling paper. If successful in this they May also receive the . Degree. The successful candidates Wen Guy v. Dingle wac Kliffe k. L. Grieg William. A. Kennedy. Edwyn j. M. Loucks George g. Miller Hilary g. Nares and Homer s. Bob Jnson All of Winnipeg. William e. Browne of nor Wood and Thomas h. N. Fleming and John g. Macke Nale both of bran Don. Candidates passing in three papers were Nonh p. Hewitt and Henry Belll both of Winnipeg. Nickel closes steady with to Price change Canadian press despatch Toronto july 8. Canadian stocks had no decided trend during Friday s trading on the Toronto Stock Exchange. International Nickel was the most Active on the Board. A High Price of 62 7-8 was touched in the morning and the Price gave Way to 61 3-8 in the afternoon. The last transaction made at unchanged from thurs Day. Of the distillery stocks Hiram. Walker was the most Active. It drop Ped Back 1 1-4 to 50 and finished at the Low Price. Gooderham and Worts receded 1 1-2 to 53. Seagram was Down 3-4 to 22 1-2. Canadian Industrial Al Cohol closed at 31 1-4, a recession of 1-2. close. James Richardson sons Ltd Barcelona. 49vi. Brit. An. Oil Imp. Oil -13 54. Into. Pete 33. Beacon Oil 10 to 17. Massey Harris 35vi. A Fussey Harris pad. Canada bread 107. Canada bread 115. Canada bread 107vi to 1gs. City Dairy lie. Cons. Gas. To 179. Into. Nickel Kel Vena Tor Kel Venator pfd., Dom. Stores 77 to p. N. Burt. 52a. Maple Leaf 49 to 51. Into. Milling 105 to 106. Davies. 38mi. Can. Bakeries 27ii to 28. Arnold 13 to 14. Goode Liam w., 53. of stocks. Osier Hammond Nanton bid. Asked. Advance a. P. Cona _ 225 Illinois Alberta 2b Mcdoucall exploration 110 Mcleod 145 Mill Olty Royality 3400 Turner Valley _____________30 United 100 32 10 235 30 Iso 25 3600 35 new York Cotto clerk. Mar ten it co.1 ,tu1y .36.83 -is.s3 16.30 october 17.17. December .17.32 17.s8 january .17.35 37.44 march.17.53 17.64 May .17.66 17.75 spot 17.15, up5, 17.07 17.27. 17.34 17.53 17.65 17.10 .7.3n 17.42 37.62 17.75 Mcdougall and Cowans july morning at 23vi 10" at 23. Asbestos at 83 15 at 88 10 at 20 at 88 5 at 87s Atlantic 35 at 25. B. C. At 1514. At 164 200 at 1c3 25 at 163 to 210 at 163 fit 163v4 210 at 20 at 5 at 164 at 163vi 5 at 300 at 163 a 275 at 370 at 163v4 10 at 25 at 164 10 at 150 at 164 60 at 16 85 at 164 80 at 1e3s 75 it 164 50 at 10 at 145 at 163ti 195 at 300 at 445 at 164 50 at 104vi 15 at 6416 100 at 100 at 50 at 184v4 15 at 164 i 100 at 164vi 100 50 at 164ii 00 at 50 at 16414 210 at 164v a 230 at 125 at 1u4 to at 126 at 164vj 25 at 25 at 164 50 it 163-i 200 at 163 i 085 at 103 30 at 1s3is 145 at 155 at 25 at 103 i 50 at 163 i 30 at 163 i 105 at is i. Bell at 147vs. Can. At 30 70 it 35v4. Can. At 147. Dom. At 15 at Iso 25 at .70 110 at 180. Ind. At 31 k 105 at 31 a 320 at 285 at 3l a 100 lit int. At 62, is at 560 at by a 25 at 25 32to, 125 at 6214, 75 at 62, 25 at 125 at-5254, 100 of 62, 25 at c2 i 10 at 50 at 100 at Sis. 50 at 62. 85 at 62vs. At 03 a. 60 at 94. 10 at 25 at 93vi, 5 at 03, 120 at 04, 10 at 04 a. Massey at 36, 60 at 235 at 36. 150 at 10 at 35vt, 20 at 25 at 35 i 250 at 36, at 525 at 35k. 25 at 45 at 5 at 360 it Montreal at 83, 175 it s3 is. National at Quebec at 264, 25 at 265. 35 at 286, 75 at 266, 70 at 265, 50 at 264, 5 at 265. At 155 at 80, 5 at 5 at 80, 30 at 275 at 80. 5 at Coli 55 at 5 at 80s, 20 at so i 5 at 80-ys, 115 at 150 at 80. Steel of at 133, 25 at 133 a. At 228, 25 at 100 at 227, 135 at 228, 50 at 228s, 15 at 10 at 227. 80 at 228. Spanish at 99, 15 at 100, 15 at 99m, 50 at 100. At 114. Twin Jib 50. Montreal curb. B. A. At Imperial at 4351, 35 at 43 a. At 23vi, 190 at 10 at 23 a. At 252. 2.-500 at 242. At 22.50, 10 at 22.55. At 22.45, 10 at 22.55. Power at 39, 5 at afternoon. At 23. Asbestos at 87 4 10 at 87 at b. At 15 95 at 17. At. 50 at 25 it at 18314 255 at 163 125 at 75 at 1621i 275 it 65 it 163 20 no 100 at 163 25 at 220 at 163 200 it 163w. Bell at 147u. Canada at 25 at 35. Ind. At 60 at 31vs 5 at 10 at int. At 61vs Lukat 62 25 at Ghi 45 at 25 it 175 at 81v4. At 94. Massey at 150 at 25 it 175 at 250 it 35 a 350 at 35vi. Montreal at 95 at 83. Quebec at 264. At 80h. 55 at 80, 475 at 80, 15 at 50 at at 228, 25 at 50 at 227 v4. Spanish River at 114, 25 at 113li. Winnipeg at 72. Montreal curb . At 24v4. Imperial at 195 at it 23 i 25 at 35 at 22. At 50vi. At 242, 50 at 240, 500 at 242, 1500 at 241. At 14.25, 200 at 14, 25 at 14.25. At 22.55, 115 at 22.50. Power it 40. Toronto mines 150 Winnipeg stocks _ _ co.--. Stefl Beaver fire -.co. _ can co. Can. Pac it. West lira As. Home inv. And Sav. As. Nor. Mort., fully nor. Mort., paid nor. Trusts Royal Bank Standard trusts go. Elec. By. unlisted Brit. An Oil co., Ltd Central Manitoba mines North Star Oil co., pad North Star co. Com traders Bluff. Assn. Wester. Noan. Flour. Mills we. Ray. War Victory a i War loan renewals refunding Winnipeg july _. bid. Asked .120 93 179 400 70 73 3j 39 284 100. 50 100 100 100 100 100 50 100 50 100 25 1. 6 6 100 100 100 72 24 i 14.9 200 88 101 10214. 100.70 1.03.60 100.00104.20 103.20 107.40 33 24% 151 103.25 103.00 quotations on Victory denominations. 100.00 103.05 -----98.40 98.05 -----98.25 98.60 ___93.85 Bonds Are for sales mpg. Elec. At 102 a. Central Man. At 151, 100 at 151, 100 at 15i 300 at 151 North Star at 4.05. At 100.60. At 08.53, at 98.55. It 103.20. At 104, i at 104.35. At 103, at 103.10. At 103.10, at at 13.15. 103.10. At 103.15, at 108.15. At 103.16, 150 at 103.00, 250 at. 103. At. 102.00. At 107.40. Clark Martin and co new York july 8. Open High Low close Copper Amer. Smelting .__153v4 153vi 153 152vi 44 44 43 ;