Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 21, 1927, Winnipeg, Manitoba Free press 1537, better earnings of Eastern dairies ltd., partly due to line showing of local subsidiary Crescent Creamery. Eastern dairies Issue report on business world Trade and Commerce mines and the Money markets smaller Apple crop this year than last is forecast by govern Merit due to damage during last month. The United states Dollar was quoted at a discount of 1-32 of one per the British Pound was quoted at i s4.80 Normal Price without Bank 1 charges 84.86 2-3. I the following quotations Are in cents per unit of foreign currency. _ j Crescent Creamery local Belga pour l to r 1 brazilian ill acis Sidary much bigger Larn danish Krone finnish Funmark French franc German Reisch Mark i greek drachma Ings in current year Montreal sept. 20. The following j Etfer has been addressed to share j italian lira norwegian Krone holders or Eastern dairies ltd., by the j Spanish pesto j Swiss franc As no annual report was forwarded j to you at the end of our first fiscal i year owing to the fact that it was a tear of organization to Are submitting i the following for your information j at the end of the fiscal year your i company had acquired All the capital i Stock of the following companies which j Sre operated As subsidiaries Elmhurst can. Dairy limited. Montreal. April 1. 1928 j great Standard company. Mont real april 1. 1926 the producers Dairy limited Ottawa. April 1. 1928 Acme Dairy limited Toronto. June 30. 192g Richmond Jersey creameries ltd., Richmond. Dec. I. 1926 Moore s Model Dalry limited. Toronto dec. 14. 1926. On March 31. 1927. Your company acquirer All the outstanding com Mon Stock and is now operating the Crescent Creamery company. Limited Winnipeg. Consolidated of companies owned and operated exclusive of Crescent Creamery company limited for the period january 1 to july 31, 1d27, were percent in excess of sales for the Fame period of 1026. This increase is very Gratifying As the sales for 1926 considerably in excess of those Lor 1025. Sales of Crescent Creamery company limited for the four months ending july 31, 1927, 14 percent in excess of the sales of the same months of the year 1926. The earnings of the subsidiary companies. In each Case have been substantially in excess of the periods be fore acquisition and for the six months ending june 30, 1927. The consolidated net earnings before depreciation were at the rate of twice the preferred Stock dividend requirements. For the Quarter ending june do this ratio was increased to two Point four f2.4 times such requirements. 13.90 54.62 26.80 1b.30 19.30 23.82 19.30 48.00 19.30 26.80 19.30 26.80 19.30 14.00 11.80 i 26.02 2.34 3.os 23.94 1.36 40.20 36.65 5.49 26.58 17.53 Stock closes at.24 cents on re ports of discoveries in North Section of holdings is Bank Stock iras certificate plan is amounted in detail two investment blouses offer holdings and representing values of varied. Canadian pc issues Ottawa sees no menace of . Do ban initiation onic sept. 20._defall. Of two Bank of Canadian press despatch Toronto. Sept. 20. While trading on the Standard mining Exchange tues Day hardly came up to the record figure established on monday it was 27.05 i the third largest in the history of the is.39 Winnipeg listed Par. Can. Pm ins. S 50 Pacific re 100 West life 100 Home inv fitment Joo Northern Mort. Fully paid 100 nor. Mort. Paid 100 Northern trusts 50 Royal Bini of Canada 100 Standard trusts 50 Winnie a glee. Re _ 100 unlisted braver lumber pad British Amor. Or. 25 Central Man. Minds 1 North Star Oil pad n North Star Oil com 5 Western can. Flour 100 Winnipeg elec. By. Pad 100 rate. Var loan 1031 to 1937 _. _ 5 Victory loan 1927 i i bid. 100 134 400 70 70 34 Market and was in excess of two and one Quarter million shares. The most Active Issue Oil the Board was Grover Daly with sales i Canadian investment trusts Are made Public hero in the announcement. Of the formation of the Canadian. Bank Stock Trust and in the offering of certificates in Canadian Batik stocks inc. The United states shares Corpora Tion annoy aces the formation of the first of these Canadian Bank Stock Trust shares of which will represent 53 shares of a Var loan renewal 1927 5 1332 _ 5 l refunding loan 1028 _ _ i 1943 _ 5 1344 _ _ 4. 1940 _ _ _ 194g inn a i inn 500 200 1011 106 501.10 104.so 100.00 145.45 103.70 108.35 100.00 102.80 100.30 103.55 50.15 an.10 s9.no Sou 192 100.25 103.00 100.40 103.75 od.15 99 65 quotations on Victory Bonds arc for . Sales. Central Man. 25 at 130 50 at 100 400 at 190. At 102.30 at 100.35 100.35. It 3.1.10 prov. Of Manitoba 2.000 at 105 at 103.05 1.000 it 1q3.70 1.000 Cit 103.70. 4.000 it at 100.35 it 99.10. 1943 it Lazard Brothers buy majority Marconi Stock press despatch Montreal. Sept. and Cowans i open High Low close ubi Tib Asbestos corp. Asbestos up. Pf.-----94 a i Atlantic surf 23 amounting to shaves. Soared to 26o and closed at 24c. A net gain of 6c. Reports stated that discoveries had been Renado in the Northern Section of the company s holdings. Pioneer advances sharply to a Peak of 80c and later eased to 13c. Amulet was fairly Active but displayed easier tendencies and closed with a loss of Loc at 30.85. Area also soft and finished 4c lower at 71c. Mcdougall was under accumulation a Intel shortly before the final Bell when final shares were Back to 800, of a cent. Norronda was 15c higher at Ca Nadienne Nat Lonale. Toronto Banquo Canadian Bank stocks inc., organized under the Laws item to the Purchase for the account of new York state. Is absolutely lion of this Trust of blocks of Stock in these nine Banks and in the Banque prove Clale of Canada. No commit ment in the Stock of any one institution is to exceed 25 per cent of the whole. No uneasiness Felt. Stock in the following Banks of Canada the Bank of Montreal the Royal Bank of Canada the Canadian Bank of com Merce the Bank of Nova Scotia she official Imperial Bank of Canada the do York of the formation of the Taro Ottawa sept. In Canadian Bank investment trusts is not apparently creating a easiness in 1 Atrul minion Bank Tho Sank Standard Bank of Canada of Toronto und Banque Ca Nadlene rationale. The Trust shares will be offered offer Low in Ali at a share. Trice. Certificates. Arnold and company and Ernst mid company Are offering at ji26 a certificate to yield approximately 4.15 per cent., a new Issue of Canadian Bank stocks inc., Trust certificates. The certificates Are secured by Deposit with j new York Trust comply As trus while Towa Mac lost 5c at 34.70. Rib-1 too of eighty shares of Stock of nine ago was up c at and Potter Canadian Banks the indenture also Doal declined a cent to 15o. Official i permitting investment in Tho shares information of the Diamond drilling i of a tenth institution. Of the property the Banks whose Stocka secure the ments will be followed closely taut the feeling is that the idea behind the trusts is merely the Bona fide one of investment. American financial men. It is observed Are looking More and More to Canada As a Field for invent ment and even at present prices Canadian Bank stocks offer a better return than american. The Bank act now provides that a 25c higher at s17.75. was 25c easier at 826.75. Lako Shore was up 20c at s25.10. And Teck Hughes was 15o higher at s9.35. Tough Oakes was Active and closed at 3hc, a gain of 3c. Wright Harar caves lost scat s7.40, and Sylvanita was off 6c it Central Manitoba gained 6c it York Bankers. They have transferred these shares to a holding company in which the British Marconi company and the Kadio corporation of America have taken a substantial participation. The Lazard firm however will control the holding company and in order to ensure that the control remains permanently British they Are forming a Trust for 25 years. This Trust will hold the voting con Canada car 67 can. Steam 90 Canada Cement ____242 Canada cont. --------105 can. Indus. Al. Dominion Bridge ----247 Dominion Glass 133 105" Spanish River _ Spanish re. Of. Of can. Exec. By. in the holding company and will go awl Lsan be vested in three trustees two of whom Are to be nominated by Lazard Bros. Co. Ltd. And one by the Brit ish Marconi company. The first trustees will be sir Robert m. Kindersley. The Hon. B. H. Brand and either lord Unverforth or the by. Hon. F. 0. Kellaway. It is further announced that sir Joseph Lavelle has been invited and has agreed to join the Board of the Canadian Marconi company and to be come chairman of that Board. Lauren tide Dominion textile Montreal Power 93 National breweries 791 j Penman s 79% Peter Lyall cons. 40 92 233 107 107 107 30 29h 04 93 03 h 23 23 23 143 i 1481. 40-11 35 35 87 87 90 244 241 i 105 105 38 i 3t.4 254 i 244 134 132 i 106 10 191 40 ?4 35 87 00 105 25114 133 a 104 is 40 92 234 93 79? 40 91 233 101 Hubli 1171-j ____183 1. 108 133 a 79 30 70 03 40 91 234 101 104 80 by Ontkean sales. Cowans none. 30 at 30, 25. At tuesday s markets at a glance Jas. Klc Liardon Tuot Secl Sci Iscra for clean ins1 out and two drains in drainage District no. B-5 received at Iho of of Uio included Commerce up 2 Dominion j which and same will Imperial off 2 Montreal up Standard off 1. Over 27 million autos Roll Over world s roads thou tall i cubic Yards 60.000 cd. More or cars with Cement Selling at 243 and an offer of s250 for the Stock and with Bridge split five for one with a dividend on the new Stock in sight. With steel of Canada Selling at Over 100 and Ontario steel products Selling at the new High of 106. It is becoming More and More obvious that big interests have been turning to Canadian Basic industries for Promise of future profits. Some of the leading Bankers and industrialists have expressed the j so Vic to that elate according to a world opinion in the past couple of years r automobiles just concluded that Canada is in for a decade Olun u j precedents expansion so the buy i by the automotive division Otho of the better class of Basic industrials United states Bureau of foreign am would seem highly logical. With the i Domestic Commerce and made Public i destinies of Cement and Bridge pretty Well established for the time being opened in Public for thu cd enlargement of two brains Viz Goosson Drain in to. 6, 1 k. Brow in to. 6, ranges 1, i pull information profiles anti and use in the world on May to Tad applies Jan. 1. 1627, numbered As compared with one year pc of h. Chief Ehk Prieor. Reclamation parliament bulk lip inn pop. All accompanied to in o minister of Public works for Aii amount equal to five 5 cent of the amount of Tho tender. Of _ Studebaker Tim. R. B. _ 124 i 125, White motors 40 Willys Over com 16s 18m 00% 10 St Soj i 34 i 5e 123-x 40 so 25 to ii 41 a 65 i 59 16 i do 94 Gen. Motors new----135v4 135 of Slock efe. A 11 at. Refe barns a 11 Calif. Pete Houston Oil Louis. Oil 120 Marland mex Seaboard mid cont. Pete Middle states Oil pan am. A do pan am. prod. Pacific Oil Phillips pure Oil Shell Union Simms Pete Sinclair __23 22 144 i 10-8 _. 36 _ 4 34 4 2m. 50 a 49% 83% 13 i 25% 2tw 4214 26% 25% 23 34 4 2 i 50 4 49% 120 23 a 22. 1.50% 11 35% 34k 2v i 50 53% 17 a so Elly Oil 26 i stand. Oil Cal. Stand. Oil n. 39h Texas co. 50 Tex. Pac. 14-t, 31 a s. O. N. steel Belli. Steel col. F. Crucible steel Gulf states steel 43 Replogle steel 22 rep. I. 6.------- 86 u. S. O. I. 208 0. S. Steel. 155-54 do 136 Vanadium steel 54% i found. S. T. 8714 i Lubber Majsik 83i flak Hubber Goodrich t. Kelly Springfield Lee t. R. In.51 i Aiti 411s 2614 39 i 50 31 i i 31 i 62 i 90. I 42 a 26% 17 j 28.14 54 so s 32 03 91 i 22vi can. Arnold Good Tham. And n new 1 Ork it Job close Osier. Hammond Nanton bid. Salted. Anglo Oil Eureka Bunker Hill coat rental Oil Sale _ elec. Bond and shares Gen. Baking a int. Petroleum me. Utilities a int. Utilities b Imperial Oil Reo motors _ Stutz Motoi s Prairie Oil and Gas Mountain pro ulcers Salt Creek producers Salt Creek sons d. Standard Oil Indiana Standard Oil Ohio Standard Oil Kansas Standard of. Kentucky _ vacuum Oil Humble Oil 18 i _ 55 _ 107 i _ 18 i 73% _ 30 h 5% 54 i 13 51 23% _ 6% _ 73 i _ 73 _ 1714 -122 i _128v1 62 i 16 74 Nuvi 614 -54 .23.5j1 6% 73 i 79 17 i 123 127 s2 i Toronto . James Richardson. And sons. Ltd open. Noon. Close 211 208 209 15-Tlt 1541. 13sw 136 136 54% a 54 5i 06% 1896 78% 14-t4 655 10 02 7.11 Boh 30 a 14% 56 i 1.8 h. 20% 11% 55 i Copper open. High. Leto. Close. Smelters 176 179% 17g 178 Anaconda Butte Superior Cerro de Pasco Hole Copper Granby inspiration magma Copper Miami Copper Natl. Lead tean. C. C. Co. U. S. Smelters Railroad Atchison All. C. L. Balto. Ohio can. Pacific 481 9vi 67.% 36% 37 18% 75v1 43 i 15% 126 Ovi 103 194, 120 184 195 1614 35 1814 67 a 37 19 i 126 s a 43 48vi n 06% Edvi 49% o 66% 36% 36% it 1914 15 u 7614 431" 451-i l63t 15a i Tsvi 125 916 4svb 4351 1816 8014 29 7% 44% 38 60 6014 150 15014 by 12314 12314 149 09 Miscoll Anchuk Stork. Alt lib p. . 10s% 10714 108 Allied chemical 1631 162r-3 1621- aids Chalmers 115 _ _ am. Agr. 2. To Ned. 46-Li 4.11% am. Can ------_-----62% i3v.1 6214 62s am. Express 158 159 am. P. P.--------26 i 26 26 h am. H. L.--------10____ am. Ice 28 _ _. Am. Into. Corp. 53% a 53 k 53% am. Lafrance 7 a am. Unseen 51 in 51 am. T. T.______1751s 1751" 174 cd. S. Rubber super Ani. Beet sugar Ani. S. R. 92 s45j 92 Cuba Cane cuban am. Sugar 23-1v it. West. Sugar 4394 4.414 .43% Punte Al. 38 tobacco am. Sumatra_______601-a tobacco---------150 cons. Cigars 82% lice Ali .231. R. J. Reynolds a 140 149, set mate stores 55% 55% 54% Tob. Prods.------------99 spa United Cigar stores. 351i 6 i d 12 i 24 i 51 35 .64s 11-11 6114 271% s70 am. A. W._______61 pc am. Woolen in t Ife and. Dry Good All. G. W. Brooklyn Man. 54% Calif. Packing 6-Iri 15li Central l. C. Childs ill a Case . T. M. Co. 2 Cerl. Prods. _ cont. Can. ins. Come. Spy Cong oleum Cluett peabody_____731 col. Gas cons. Gas Corn prods coca cola. Cuba h 20914. Is714 74 i 49 70 204. 51% 62 24-x 51 35 5414 8511 6hi 19 73 w 209 197 Amulet Argonaut area Atlas _. Beaver. Bag anus. Baldwin Buckingham Barry _ can. Lorraine Central Manitoba Corona con Iagas Crown Reserve Capitol Duprat. Don r6uyn Gold Dale. Gold reel go d Hill Granada Grover Daley Holly Indian Kirk Lake Kirk Hunton Keeley. Kenora. Lakeshore Laval macassar Mclntyre. Mckinley Moneta mining corp Nipissing new Ray night Hawk _. Noranda Porcupine Crown plonk or Potter Doal Premier Preston Sta Acona Teek Hughes Thompson Krist Tough Oaks towage Mac tells Kamlung Vipond Watts Pika West tree Wright Hargreaves West dome Lake 27 .46 27 065 46 i -i4b 71 at least theer Erm Airi a number of other stocks from which something is expected in. The not Distant future. These include brazilian traction for which a four for one split is confidently expected. Regarding this Stock the j Caln in net earnings reported today or tenderer will be to nov by Harvey a. Sweetser Riew England p1-Ninont should ill decline rack in lies Standard Woven incl approximately Miles of Snow l Nuong on our to town northerly Branch. and forms tender May be seen Al the office 01 a re near of construction Wynn Law. District engineers at mouse at c a wrest or any tender not Nec Essaili accepted. T c Mcnabb. W.if.in.w.1 of sidewalk construction tenders Addesi Cal. Committee on ill talc sidewalks. A list of Iho first Ink Al with conditions Tay it till office of the Ltd w James Avenue. The lowest or any Sally accepted. A Peterson. City clerk s office. Winnipeg onut us ;