Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 15, 1927, Winnipeg, Manitoba Manitoba Pel or 15, 1927 15 permanent loan ruled yesterday news Trade and Commerce mines and the Money markets 0d1an Trade runs we last foreign Exchange Leve starts operation at the flin Hon. Mine Northern Manitoba slowing Down movement of merchandise 7 association ending or tobit of Limo Canadian association. 15, is groceries and u volume Clur 3 a gent s e5 Dies car report improvement it nm.5 boors incl shoes a " increase. Sales of machinery and electrical retail business kevins collections very Lair. Business Genor showing decided 1m Over last year. A fair transacted by the ,0 i Raul. Calic Lions continue to fair Rel Jive Lia c j the United states Dollar was quoted i at a discount of 3-32 of one per cent. The British Pound was quoted at Normal Price without Bank i charges. 84.33 2-3. I j the following quotations Are in cents per unit of foreign currency i Par today s i country value Price Inelli Aflfe belgian Belga 13.do 14.01 brazilian Milreis 54.62 11.07 danish Krone. 26.80 26.3 j finnish Linmark 19.30 2.5s i French franc 18.30 3.90 i German Reisch Mark 23.82 23.9b drachma 19.30 1.35 dutch Florin 40.20 40.35 Indian Rupee 48.00 36.58 italian lira 10.30 5.50 norwegian Krone 26.30 26.49 i Spanish peseta 19.30 17.38 j swedish Krona 20.so 27.0s franc 19.30 19.40 tie country City Reta a Tiac fairly Good. Collections fair. Shows an improvement Over last year. Collections difficult to make on account Olad verse weather conditions. Report Busi Ness generally very Good. Shoving considerable increase Over this period last year. Collections remain fair to slow. Report a fair amount of business. Retail Trade fairly Good. Collections fair to Good. Riu Davs markets at a glance James Richardson sons Ltd new York stocks profit taking around midday succeeded a Strong Market tone. Market not exceptionally Active and became less so on the Fol lowing irregularity. New York to 37 lower october 20.48. Quartz Lead found in Tene work is report but values unknown Silver retail Trade is quite ales of fall merchandise be us to average. Collections apron Long steadily. Saskatoon wholesalers generally nov Turk. Oct. Sex business fair. Retailers some j change steady at 4.82 for sixty if quiet owing to the Adverse Jay i3uis Nanct it 4.86% for demand. Rafter conditions. Collections fair. bar Silver. 1 Fally satisfy Nicory Volun Canadian Dollar 7-64 Prem. Ita iness is reported by tie whole i francs. It St retail Trad. Is in i lire. 5.46 the Central Mault Obri mines limited 150-ton Mill is expected to com Mence operating today in trial runs. Most of the heavy machinery has Al ready been tested and found to working satisfactorily. By the end of next week the Mill should be running to capacity. There will be no Celebration to Marl the formal opening of the Mill but naturally there is a Good Deal of interest in mining circles Over the event Ana Tho results of. The Mill runs will be awaited with much interest. The Mill will be started by or. Han the Engineer under whose direction it was assembled and who is in charge of its operation. Rumours of a Good strike on the Tene claim in the Western part of. Tlv3 property could not be confirmed although it is understood the tvs a Quartz Lead has been found. No re port on the values from the new find can be obtained. To redeem Bonds in Cash declares finance minister will pay off 29 millions issued in 1922 together with Treasury notes trend in conditions primarily intended to Supply information for our clients our weekly review of financial affairs has proved of interest and value to Many other can Adian investors. A copy of the Issue for the current week be sent to you on request. Please ask for Recti Smeilis members Alo Treul sex Montreal 17 St. John co Street also mount Royal hotel building Toronto Quebec Ottawa 14 King Street East 80 St. Peter Street 4o Street great West loan Case Case launched May id Only completed yesterday judgment was reserved last night by or. Justice Dysart on thu application of g. Adam to wind up the great West permanent loan company his lordship stating however he would give a decision As Early As possible. Tha petition was launched May 10, and been before the courts continuously since. Reams of evidence were taken n report of More than 100 pages was made by Allan s. Bond appointed special investigator under court direction and nearly two weeks spent in argument of counsel. A. J. Andrews. K.c., speaking on behalf of shareholders who oct. 3, voted strongly against a winding up Ocler being granted said the motive behind the Petitioner was one of re Vongo. And not for the purpose of benefiting those whose Money had been placed in Tho company. Hear Gued that the Bond report was that of nil auditor Only and therefore should not be classed in the same Way As would the findings of a referee or other judicial officer who had taken evidence on oath. Mclaws counsel for Adam claimed the vote As taken oct 3 was of Little value. It was controlled he claimed by the company s directors who had sent out with the proxies a that did not contain the real facts while other facts were entirely suppressed. He made Tho fur ther submission that while the Case was pending before a judicial tribunal it was contempt of court to hold such a meeting without first obtaining the court s permission. Too cloture shows the Mill in which experiments leading to Tri waste matter from the Mill to the we offer ind shares of the Stevan Bri quetting Worms offered in units of one 7% preference shares and 10 no Par value common shares. Price per unit. S225.00 a proposition of outstanding Merit with very great possibilities of future enhancement in values. This offering will Appeal particularly to careful investors. For full information apply investment Bankers phone 86 093 301 Bank of Hamilton building Winnipeg Man. To Iclal Despon Lucli in free press oct changes were rather mixed in delay s sessions the local Stock Market firm tone in new York. Some of the unset Lement was naturally do to week end profit taking Wyllo switching and somewhat too vapid advances in some sections the list added to the uncertainty. On however the list gave i account of itself and a outnumbered lie1 i Broad list. At fast very tie close net gains losses 24 to 20 Over Spanish River was the Active Leader of the Market with a turnover 8059 shares. From the opening 19f, it was taken along at a cup to the new High of 129vixd the Nace seemed to have been a. Bit fast however and there was a reaction to 124 which represented a net gain of 3the preferred attained the new we of and closed at 140 for a net gain of a Point on trading in shares. Gossip As to Spanish was that Oss had been offered for the common and interest o after brisk Advance gains exceed losses with professionals most Active by Elmer c. Walz15r. New Vork oct. Market nervousness again made itself Felt in the late trading Friday after an easy session of continuous Advance in the race of a decline of Only a million Dol Lars in the brokerage loan account. The irregularity was caused by a Rise in Call Money to per cent As Banks made heavy withdrawals to meet bal ances and anticipate government de Mand tomorrow in payment of Lute Iest on the fourth Liberty loan. United states steel and general motors were the features of the Rise to holders of Early maturing Bonds in Many cases Early maturing Bonds can be advantageously exchanged for longer term securities. We will a glad to submit definite Exchange suggestions to investors who will Forward to us a list of their holdings of Short term securities. Correspondence is invited. T t Leal 2- 864-5 Wood Gruly limited ended the session unchanged at after having touched a High of and alow for the Day of other wider Range of traders did issues experienced nutation. Professional most of the manipulating but were much More Active sales total ing nearly 2 shares. At the close the a were More gains than losses and Many of the former were Large relatively. _ bread and City Dairy Centre of Toronto stage Canadian Tress despatch Toronto. Oct. 14. Canada bread and City Dairy common continue to com Mand much interest in Friday s Tor onto Stock Exchange trading. Gooder Ham and Worts and Hiram Walker Hole steady both finishing a lower a1 Canadian Industrial alcohol to 37 International also for the preferred Tay a Vin in View the amalgamation a Itobi and that company. To and closed. A b for a net loss of two Points. Brompton advanced Points to.47x.d., on a turnover of shares. Howard Smith paper jumped three to 72 on a Small turnover. The Street hears that this company 1 planning to instal an additional machine in tie not d Stant future. Thi referred Stock carrying a div Send o r per cent., came out unchanged a 115 Laurent de. Which became Active Anc displayed pronounced strength 01 had Cuite n sinking r d broke to 102 but inter rallied 0 104. At which level it suffered . F two Points. St. Maurice Valley corporation turn i Active and jumped 3 i Points t lie new High of 60. The preferred unchanged at 99. Way Adamack was the second mos i Tulve of the papers with share ended in and further distinguished tse of Tay advancing to the new High 5t 95, a net gain of 11 Points the nost substantial Advance of the Day. The betterment extended to the curb where port Alfred advanced a Point to the new High of 66, and St. paper Rose 6v4 Points to the now High of while the preferred Ras up a Points to the new Hiigli of to. International Nickel was the out standing feature of the Montreal curb Market. After dipping to by locally 1 came in for fresh buying and and Ancell to 69vi profit taking toward to close re stilted in the Stock s easing to 68, a net gain of a Point. So far could be Learned there is nothing Rew in the situation directly affecting the company although reports As to the prospects of the Enterprise Are increasingly favourable. The better tone of the Metal markets in general is to Avn some effect naturally and Ood Deal of Friday s buying 57v stocks Bonds and Grain direct private wire to principal markets. 232 Portage Avenue Winnipeg phones 22 882 Nickel was notably Strong and finished at 68 i net gain of 1v4 Brompton improved to a new High for the year at 47 f v n b Urt was Artner Strong Industrial gaining one to 66. Shredded was also stronger advancing to Dominion Bonds Killam Mckay. U approximate Bead oct. 14. Ijar Nesli the War loan War loan. Victory loan loan. Victory loan 5 -1034 Victory loan. Renewal loan renewal loan. Refunding loan loan 101.05 _ 1927______100.00 105.50 113.50 105.65 100.00 103.00 1011.30 103.55 Kogiu Kaiim do j rerunning loan. 4 b9. Bonfu Nelns loan. Jwj us lie funding Loon. 90. Toko to stocks Barcelona Brit. Amer Oil Imperial Oil int. Harris Onn Arfa bread Canada bread a inn non. Bread b cite 31-u 61 3s 32 so 31 i 3bv, ifi3 122 31 61 3.1 1 Hargreaves list dome Lake cd 3 Metal markets unlisted stocks t. R. Lull Cut a co. Canadian press despatch Ottawa oct. An announce Lent issued today from the finance department it is stated that the min Ster of finance will redeem in Cash of Bonds which mature n november 1, As Well As ussury notes bearing 4 per cent., Volch mature on november 15. The Oan. Which Falls due on the first of. T month is the per cent re Newal loan issued in 1922, in Exchange or 1917 Victory Bonds. By the Tenns of the Bonds the principal is pay Able on their surrender at the finance department Here or at the office of the receiver general at Charlottetown . Halifax. . Saint John. . Montreal quo. Toronto. Ont. We nil Peg Man Begina. Calgary alta., or Victoria . The department announcement cautions Bond holders to arrange of presentation on or maturity Date and directs attention to the fact that with regard to registered a Well As bearer Bonds payment of principal is made Only on surrender of the Bonds themselves. Interest ceases on the maturity Date. Rooks motors units 1 pad. 1 Arltol Ity Dairy 8 , old of. Jille Asce. ocl Shutt plow Onti Ncneal life a scent Creamery co. Of . Lurant motors Nollsh electric com. Electric pad. Nil. Coal Coke co. Ingu Hursy Creek Coal Coke co. Monarch life acc. Co. Ontario equitable Icardy Gundy sask. Lite ins. ask. Mortgage Lobert. Simpson Sovereign life United Grain growers bid s.7s 1cki.oo 13.00 83.00 50.00 3.25 is.00 10.00 40.00 30.00 300.00 17.00 35.00 j01.50 65.00 24.00 Central Manitoba s mines Mill starts trial operation today. Capacity operation expected next week. Ask 3.75 18.00 85.00 55.00 39.00 3.so lfi.00 4.00 33.00 at Wright Hargreaves was not weakened very much by the announce ment that no Bonus had been declared in addition to the regular quarterly dividend of 5 cents a share and closed at s7.95. A loss of 5 cents. Gold Hill was again very Active and held steady at 35 cents. Canada Cement Sale involves shareholders accept offer of Wood Gundy interests Montreal oct. 14. At Tho special general meeting of shareholders of Canada Cement company held Here today the Ortr submitted by Wood Gundy and company limited for the Purchase of its assets accepted. This acceptance will result in one of the largest financial transactions Ever to have taken place in Canada with the single exception of Dominion of Canada Bond issues. Tho. Result of the approval of the offer will be each common shareholder will receive per share while each preferred shareholder will receive per Sharo. To shareholders will aggregate new record of . New York. Oct. 14. A Sale of a new Vork Stock seat Lias been arranged at 6270.000. A High record and an Advance of Over the pre Vious Sale. Associated press despatch new York oct. Steady electrolytic spot and futures 13.25. In firm spot and nearby. 58.00 acc Ember 58 62. Iron steady and in handed. Lead steady spot new 6.25 East St. Louis 6.05. Zinc steady East St. Louis spot and in ures to Antimony spot 11.25. New your Cotton. Jinnies Richardson sons Ltd open High Low close Prev oct 20.80 20.80 20.45 20.48 20.76 dec.2098 21.05 20.65 20.65 20.09 Jan 21.08 21.10 20.71 20.71 21.08 March 21.34 21.35 20.98 20.08 21.34 smart run up noted by Central Manitoba rises 25 cents to close at at Toronto Canadian Tress despatch.1 Toronto. Oct. On the Standard mining Exchange Friday was featured by the activity and strength of Central Manitoba and Al Klaud lace Gold. The buying of Kirkland Lake was impressive and once started up Ward the shares were consistently Strong with final transactions at a gain eight cents. Central Mani Toba opened at and soared to si.95, an Advance of 2s cents. Teck Hughes was 2 cents better at and Lake Shore recovered 10 cents to s27. Notwithstanding the strength of Kirkland Lake. Beaver declined 2 cents a Basak with branches 800 in Canada i William out in Mitton Toronto Ott Jiwa 100 abroad a san Juau Nassau port of Spain Buccos acres Montreal Quebec St. John. Kab. Sydney Rio de Janeiro Montevideo an Colombia Peru Venezuela l35 2l .4 2 21.15 21.04 21.40 to 51.88. Sylvanita was id cents lower or the category described As. "goo-1." Toronto junes j. Richardson and sons. . 3pn. Nova. Closi Cliff _ 641 31 31 i 31 i ibs 120 _ no iss ins 190 1p3 77 Al i 04 100 ibo 100 Amulet 5so area e j Atlas 3- b Beaver 1, Kaganac Baldwin Buckingham. 4 i Barry Holly ei8b Casilac 13 can. Lorrain .17 _ Central Manitoba 170 Corona con Iagas 430 Crown Reserve s Tiu Prat dome Don Rouyn cold Nile 38 Gold reef 1 Ciolll Hill 35 Granada a Grover Daley Holly Indian Kirk 201b Kirk Hmilton 2.t.s "9lr 3 jj9 Mclntyre 2sjn Mckinley i Tonyta Al mining Sou 6i5 new Ray -46 Noranda Porcupine Crown 67. 24 534 42 57 73 130 470 50 17 2 1025 23 37 Pioneer Potter Doal Premier Preston Rouyn Sta Acona san Antonio Teck Kun Hes Thompson Kryst Tough Oakes Temis Kamlung a Vasalka Ivest tree 57 15 225b 4 1 2-1u 32 1070 61 430 s 61 1715 "259 23 73 i 3d 43 33b 2s50 j7b 11 350 070 48 lib 2725 6 c4b 15u 225 31i 24 i 32 1060 61 405 5 02 i l 24b 525 4114. 55b 3 i 73 i 25 70b 17 16 is 470 50 16 1025 24 36 1 34 18 16 1775 7 267 22 79 3 2ct" 43 33 15b 10 350b 6s5 46 61 26eo 0 64 15 225 i 3v4 23% 35 1060 2 60 430 6 60 the Issue having been sold this advertisement appears As a matter of record Only. New Issue shares atonal distilleries limited Montreal Canada incorporated under the Dominion companies act capitalization upon completion of the a Reint finance let author Raj to to Jesu a and outstanding per cent. Preferred Stock common Stock to Bonds. Shares mortgages. Bankers Bank of Montreal. And Royal Trust company Winnipeg Manitoba. Tic Lioard of directors will Edward c. Pratt late president National breweries. Late general manager Molson s Bank Montreal que. David n. In Ruiz president National dist Ellerica limited Montreal que. Robert j. Magou National steel car co., montrei., que. . E. J. Cleart d.5.o. Galloway 6? Cleary Regma sask. Of submit Horn info a summary mfg Maxim furnished by the toe company own two distilleries one in t own crib p of the capita Stock of the Manitoba co., to directors Edward of Mccalo director National Trust co., Montreal que. W. T. ,director Oiler Hammond 6? Linton limited Winnipeg Man. Chas. G. Grcar Eincle k.c., director Brompton pulp if paper co., Montreal que t. G. To Taeok j. G. Turgeon f co., Ltd., Van Courtr . Or a the utter having been acquired through in. This distillery in Complete we Teaful operation. The per Day with storage _ Vancouver and control valuable Tallinn about three acre. It modern in construction and Capaci the company for Well known european brands Choice wines and liqueurs. Properties and plants the real estate and Plant of the Manitoba company equipped with the latest and most economical distilling machinery. Lawrence at Lachine quit with both water and rail transportation. This the Quebec pro cry about five acres is situated on 5torage in excess of Gallons. This will be the i Gat ant when completed will have a capacity of approximately Gallons a u a distillery in the pro Rince of Quebec and one of the largest m doth plants were designed and installed by the Copper builders on this continent. Security and coed assets based on acre Curt amount to approx Mitchly against current liabilities of 5116.oou.uu, on hand. , Etc Pood Iii being carried at two dollars. No value has been placed on government licenses Trade marts brands Etc., Good Iron work inc., Cincinnati. Ohio u.s.a., re com and a. The leading distillery Isal values Are valued in cd com of while current assets in the ratio of Over 8 to 1, and showing in i Cess of Cash assets assets Cash Bills receivable. Inventories. carom Etc. I cd arrs real a attic buildings Plant machinery Etc. Goodwill. Liabilities Bank loan. Current. Stock 6.7s8.83 s20.715.i8 2.00 Pattat Stock authorized stares 7% cumulative preferred and Shires no Par value common Stock. Tic preferred redeemable. 78 000 shares no Par value Coo k s1.739.4s1.56 sign Inu . Of j purpose of Issue the proceed from the Sale of snares improvements and working capital. The interests identified with this company a or cements and working Capi. No for their properties no Cash having been withdrawn. Compan the intention of the company to make App Canon to the share on ejection with this use Are being by Mitchell 6 Kearney. Montreal we offer the no my if. A. And when Juuel or Axt Ped by of. Price Twenty dollars per share .____4s.m5.7j ji.739.4s1.56 and per annul for the first year the both the Domestic and Export Trade who and wiil be advised by a Hoard of directors of 11 go directly into the Treasury of the company for Plant their Confidence in the future by accepting shares in the new a the unlisted department of the Toronto Stock Exchange Housser Wood ,6. Co., Toronto limited Allan Killam Mackay limited Winnipeg. H. B. Robinson co. Montreal limited Clark Martin 4. Co. Winnipeg Galloway Cleary co. Regina the Aat Emmi combined in oils arc rat Jewr at toed hiking these Scuncia. We minx to be Remme on scud ;