Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 13, 1928, Winnipeg, Manitoba 14 free Hulson s Bay company shows net trading profit of compared with in pre ceding year. Wednesday Joe 13, 1928 Trade and Commerce markets increase of 17.85 million 1337. 5 Victory loan 1033. Sii 103.1. 5 4 1937, 5june 12. Bid. Asked 120 110 200 101 goo 77 25 50 102 17 365 107 05 20 78 103 17% bears refuse to give ground on Montreal Mart Selling is heavy and prices a again weak smelters action looked on with favor loan 1m2. 5 i steel had a turnover of shares with a Joss of s1.75 a share in value. General motors with sales of 330.700 As he massing of a position of dominance. To of 5.109.too shares of stocks ii Ceci hands Durons the Day. It shares lost a share. Other Vic first in history that i motor stocks lost proportionately i a had been Dodge closing 55 a share cheaper Tolian monday electric Auto Lite Graham Paige sb.50 Packard Stewart Warner Studebaker Stromberg Carburettor. Tiie air plane stocks lost As heavily As motors. Curt us going Dou n to 200 shares had changed hands i a share and Wright 37.50 evea alter a s that record marking for rights had been made. Or act Imp on the Cool i radio the of the Inar i be Rex Rovt. passed in the Kec since Early this year registered to s reversal. On that Day refunding loan 1020, s 1043. F. 194-1. 4 1340. I 1346. 4. A in i single clan. Only a works As o Lii coot Idse Bull irked been at Suc i a height for Chr first time in history had orc than shares. On May 10, 4. Had hardly a Stock o gain in Price. Today More tint a thousand stocks Liat mum. A Hundred Ivi i losses. T in frenzy spread to the Cotton Tiara get Cotton lost .51.00 a Bale. Sales of 102.200 shares and closed with a loss of .523.50 for the Day s trading. Other heavy losers tonal Harvester 9ii Rossia insurance. 161 a Texas and Pacific s5.50 Universal Leaf tobacco Wabash 95 Dupont 812 Corys til Fox. Film. S10. Quotations on Victory denominations. Unlisted stocks Beaver lumber co. Com. 100 Brit. Amer. Oil co. Ltd. 23 Central Man. Mines. 1 North Star Oil i North star1 Oil Corn. 5 West. Ltd. Traders bide. West can. Flour Mills 100 elec Niy. Co. Pad. _ 100 unlisted Veorse Copper Kootenay Flor it Tel. Or Lilc Hudson Bay Sheritt Gordon san Antonio Ontl. Nickel so Imanite Lake Shore -101.70 _103.05 2l09. 25 -102.00 _100.00 _104.0j _ 99.90 _ 99.60 -100.55 105.50 104.33 103.00 103.55 .100.00 101.00 Bonds arc for 51.000 120 36 it 1.27 5.45 105 106 a.30 5.30 d 25 passed on to inc curb near i Case threshing 512 a million Mac a halt shaves and Houston Oil. Is. I Roll infer Mains corp. Mclyn Turc Noranda Sudbury Bashi or Clit Hal Greaves Nickel behaves Well i on falling foreign Exchange sales 100.00. No 34.30 2.2f, 10.80 5.os .44 00.00 3.10 23.00 2.70 3.do .30 14.75 3.so 20.50 31.74 10.85 4.20 special Vij Espach to the free Jim Montreal june was just about a repetition of monday in the local and new York Stock markets. Sell Long was heavy and prices were again quite weak. Brazilian traction again bore the Brunt of the local on Slaught although the volume of Selling Brussels Market to some extent. I the Day closed with prices at or Noar their lows and with no sign to indicate that the reaction had run its course. Just As Bull markets Are overdone and it is now of Vloys to almost everyone that there is such a thing so Are Bear markets and major reactions overdone. At just what Point this reaction May from the hard hit seemed to diminish new York stocks Hudson s Bay co. Show big increase in trading profit Dow Jones averages Twenty industrials. 205.74 of 3.77. Twenty rails 135.8c off 2.20. Copper Amer. Smelters Anaconda Onen High Low 184" butt super Flor Cerro de Pasco Chile Copper Granby inspiration Kennec itt Medina Copper Miami Copper _ r tonal Lead c4a 41 a 4 9 i 841i 49 Lole 121 i 44 i 85 i 49 121 13 45 v 0214 ii 6d 4 i 20 3 .14 is 120 131 close 63 pm 49 u 34. 19 term Copper chem u. S. Smelters Railroad Atchison ___________1113 s 187 Atlantic coast line _ 175 175 Baltimore Ohio _ 108 Canadian 201-u cd insane acc Ohio 38" 187 173 173 100 jew. Ort. 11 i 11 .4 Chi. Get Western pad 24s Chi. M. St. P. Com 3fhb 30vn Chi. M. St. P. Pad 42 42 i Chi. Northwestern 01 Chicago n. 1. Pac. 111 Hudson Den. Rio Grande 55 5o Erie Sita Sho Erie 1st 52j4 great Northern pad. 07i4 Illinois Central-------13s 138 Kansas Clov 44 5 dividend payment of 7 1-2 . Is department is paying 10 per cent. Associated press . The report of the Hudson s 30 _. 41 i 111 18214 133 54 Lieo i 50 i 96 137 lie Valley 102 Kansas it Texas 32 102 32h 54 501i 50 i 90 137 Missouri . 114 new Kavcan 57 57 Mew York Central 171 u li2 Norfolk Western 178 Nei Thorn Pacific 05 100 31 111 55-lk is9 no Pennsylvania Pere mar quote _ Pittsburgh have started or will Start to be Over done time alone will Tell although Southern Many of the newly established Market j Southern. 1 seers still have enough breath left to of deliver their opinions. 100day. Said regarding the there Are still a the United states Dollar was quoted it i Premium of j of 1 per it la n l a tint the British Pound quoted at Foothills Oil closes up Iwenu-nveis489ja. Norrall Palco Bank cents Jodi i to ninth. June gun Cir court re of Spe Lauve Lio clings Citi Riecl Cle belgian Belga Elliles in the major part of the issuer i brazilian Milreis in on the Toronto Stock Iix-1 danish Krone Mange Voclav. Ouf of 127 issues pm Ulsh rim Nark which dealing occurred there were French franc losses. 14 gains while 31 remained Xic Tel Thi eader of the downward trend showed total of 0.010 shares traded la from charges 54.36 2-3. The following quotations arc cents per unit of foreign currency Par value 13.90 s4.62 26.80 1d.30 19130 German Reisch Marlc 23.82 greek drachma dutch Florin Indian Rupee. Italian lira today s Pricco 14.07 12.j2 27.031 2.54 fit 103 75. 100 at 103.75. Iso it 102.so. 100 Al 102.50, 250 at 100 at it .13.50. 100 at 31.03. 0.75. 50 it 9.75. Flici at 15.00. 50 at 15.00. Iron it 77. at 12i. 10 at s2 i. 50 it 100 no 12. Sheriff it 6.00. Pan it 44, 1.000 it 44. Peti Sirrs at 17. 20 at i. Wesr. Narc. At 108. Steel fit. 96. North Star nil pfd.-100 at a i. At 1.30. 300 at 1.20. It 30 Swiss franc us an-.111.111 11. Ii ngh of 54. Hut at the close was to Jotin at 52. And the total of shares i a Ecilyn Kiona Tad cd in 2.031. Massey Harris Down at 37 4 on trading in pose Hersey close 2 Down at 96. Royal Bank Clown 13 at 375 of Montreal Down 16 at 340 Bank Down t at 34d can id Itin Bank of Commerce 3 at 104 to Imperial Bank Down at 355, and Dominion Bank Down 1 at 288. 19.30 40.20 48.00 19.30 26.80 19.30 26.80 19.30 3.50 24.07 j 1.32. 40.631 5.30j a a Alt la what was to be justly said of the relative merits of the buying the Selling in the local Market on Mon could even Mon truthfully be situation today Many Canadian traders in the new York Market and a Good Many were to be seen Selling Canadian stocks to protect Wall Street i margins. The foolishness of this prac tace would seem obvious an View or the i fact that our decline has been just j about As drastic As that of new York although conditions in the two coun tries Are by no Means comparable. Comparison of the figures on car i loadings railway earnings employment. I building and construction Industrial earnings in general in corresponding lines in the two countries leaves Little doubt is to which position is the sounder. While it naturally has sold off considerably in the bad Market the f act j Willys ovo Riand that smelters has not sold off More. Cowans. Montreal Jun oils and beverages All moved Down a Abluz t closed with the exception of distillers Seagram closed Down at 18 carting breweries Down 2 at 30 Canadian wineries Down 1 at 16 can Ada malting Down 1 at 33 Pells Siers Down 4 at isto and Canadian Indus trial alcohol Down 1 at 40. Northern bakeries declined 1 Point at com Asbestos pad 27.03laita. Pau. Drain _ 19.41 brazilian j Bell Telephone i Browing opem lid i i zilch close up 25 cents at 5.25. Brit a american Oil was Down at 36 Oil. Down at in National Petroleum Down 7s to 17 i mcc Oll Bror. Down 4 Canadian ii. Down to 50. Cig Kic a. Earnings. Can. Bronze can. Cir com can. Car pad can. Cei Cut can. Cement Power Pas 95 can. Can. Cor. Ca-.-. Ind. 127 Donu Doin. Doni. Alcohol Bridge Glass 11" no textile --------137 r____________60 j Kiel 51 Montreal. June the Canadian Pacific railway were on brer.1.__ be of the com. Jos m a _ _ j in the week ended june 7, Hirany Walker led the decline in the Ian increase of Over the Corre have rage stocks with a drop of 2 to 55. Spending 1927 figure of s3.343.000. Investment 367 main Street Bankers Winnipeg stocks and Bonds members Montreal Stock Exchange the extensive facilities at our disposal enable us to furnish the latest As to Active securities on any Market. We in Vite enquiry As to your present holdings or intended purchases. High Grade securities can be Pur chased on monthly payments by our deferred payment Purchase plan. Telephone 24 831 private Branch Exchange 13x Ivl i stocks Bonds investment Bankers instantaneous quotation and incur caution service through our dual it Vinte wire with All railing exchanges. Barks Portage ave. Phone 80 391, private Branch Exchange. 1 1 Montreal Po-.vtr-------102 Nat. Breweries of Silvic Penn ians Peter Yail Peter Lyall. Port Alfred Power Quebec Power Howard Smith _ so. Can. Power Shawinigan smelter steel of can. Com 194 inv Camac. 93 Winnipeg elec. Com. 105 was. Elec. Pfd--------10s 121 ;