Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 9, 1929, Winnipeg, Manitoba Manitoba free a Bess encouraging production test at Devenish. No. 3 is regarded by Oil men As foreshadowing big development. News of the business world Wink left tuesday Papfi i a Trade and Commerce implement issues suffer losses in Toronto trading Winnipeg stocks used Beaver fire can. Fire insurance. Can. Pacific by Cor. Paper hot pad Crescent Creamery great West Iofi most of the Active industrials Pivotal stocks slump in final period Canadian press despatch. 1 april most of the act. I investment nor. Can. Mortgage Ort. Part Trust 50 Ltd. Pid______100 Pell Silers com _ Standard Western steel pad 100 Western steel com _ War loan. 1931 Victory loan 1933 1937 april 8. Par. Bid. Asked. Sloo 127 Iso 100 227 93 100 625 60 so 100 100 100 100 100 99 100 i 20 50 85 27 211 new York stocks Montreal stocks Clark Martin to co april 8, 1929. Industrials. Solj.43. Of 1.32. 20 150.76, off 1.40. I open High close an. Smelting 106 Ahumada Lead a Butte Superior 9 Anaconda --------145 Calumet Cerro de Pascoe 104 chile__________i___105 Zinc a 3 10w4 104 3i 31 4 999 1397 d 5114 487 b 102 102 35 93 104% 10514 i 125ya 105v4 3 255 265 9614 94_. 265 m 1591-4 the 100.35 93.55 95.50 9575 105 193 Industrial and Pivotal stocks on Toronto Exchange broke n Point i tvo in the renal period monday and ended the session a Little farther Down the Price scale than at saturday s close. Masses Harris. Corks butt plow and Pae Hersey were subjected to Selling pressure around midday and failed to recover losses with the close except 1" he Case of Page Hersey which was brought Back to 128, id close unchanged. Nickel on Small trading closed off h and Noran la 4 Down. To nne rial of new and International i _ petrol Mem new went up to 29 each i Gor. Com _ durin. The morning session. Imperial map Bruge and Iron of. Both issues were traded in to the j Monarch Lite Exten of 19 000 shares with new highs i North Star com _ registered Case. Imperial old j Corn High was at with a later soften Pia 40 to close at 109, up new in Trade r5 building 100 _ penal was up a i at the close. British Grain growers _ 25 2a War loan 1932__________________ Jap lunching 1943 _ _ _ 1944 _ 1946 unlisted Assoc. Oil and Oas Beaver lumber pad _ Beaver lumber Blue ribbon pad _ _ Rlue ribbon com British Amer. Oil can. National fire can. Indemnity City Dairy 7c s pad City Dairy 8 i pad 99.15 100.10 100.60 101.40 100.70 104.23 101.35 101.10 5vi 5 48 40 120 _s100 _ 100 50 5 50 100 of 100___ 23 100 35 _ 48 _ 5 1800 _ 5 1300 100 penal was up american foothill and Home Oil advanced to higher Price Levels. Brazilian traction and Canada Gypsum moved against advances of i trend and registered advances of and 2 Points respectively. Hayes wheels gained 1 Point to a close at 56. Beverage stocks fell in Hue with the reactionary with Ca Lings off 1 i and walkers off Canada dry moved up is eel do Canada moved up p. N. Hurt 3, . While Canada dredging dropped 1. Preferred and common shares of great West saddlery company were transferred monday from the unlisted to listed Section. The common was desultory in trading and closed unchanged at 23, while the preferred did not appear. 100 5 Western brew. Pfd.--------10 10 West. Can. Flour 100 104 Winnipeg elec. Pad Ico 103 c. And e. Corporation _ 580 quotations on Victory Bonds 43 45 96 100 125 n c25 Are for Federal mining 205 Granby 96 i Howe sound 701l inspiration St. Joseph Lead pc Newcott Miami magma Nevada Pat no Park Utah Seneca Tenn. C. C. . Smelting am. Zinc Lead Atchison bait. Ohio Ches. Corp. . Central Ches. Ohio can. Pacific Del. L. West i e St. L. . At. Nor. Pad. Gulf As Mobile Chi. D. West 1914 20 ii . Chi. St. L. _ 138 . Southern 85 b 8514 m. K. T. 48 to. Pac. Com. 81 to. Pac. Pad. 133vi nor. West 185 196 a nor. Pacific 104 104v. Lohi 102 out. I Western 2714 28 27va 28 Penna. By. 75 75 Pere marquetta____186 188 159vs 161 beading co. Los a Lotsi los ii Rock Island 128% 125 125 Seaboard a line 19 19 19 19 St l . Los i 104 Lohi loud St. Paul com. 33s 5.000 at 9j.go. At d5.40. 100 at 05.75. At 101.40, 100 at 101.20. Manitoba at 35. 25 at 35. 10 at 35. 25 at 35. 15 at 35. 100 at 35, 100_at so. 100 at 35. 100 a .10. 2a at 33. -3 a j3. North Star Oil at 570. North Star Oil at 1900. United Gram at 28 mpg. Elec. At 103. 7 at 103, 6 at 103. Abl Tibi Asbestos com. Asbestos pad. Alta. Pac. Brazilian Bell Telephone . Power a . Packing Besco 2nd pad. Brit. Amer. Oil Brompton building prod. Can. Brewing can. Bronze can. Car com. Can. Car pad. Can Cement com. Can. Cement can. Put. 4 paper can. Indus. Alcohol can. Steamships can. Steam pad. 40 51 162 22 48wi 43 39 24 71 125 140 30 93 28 40 13 40 51v. 60 162 49 43 241. B 125 140 30 162 43 48 i 43 24 71 125 140 30 40 49 43 71 125 140 30 traction stocks break sharply in Wail St. Trading mines and the Money markets Pend Oreille has capricious coast Market session Engineer pita controlling flow of River by damming Rivers in Tributino watersheds. 133 s St. Paul Pittl. Sou. Pacific _ Texas it Pacific _ Union Pacific new Haven Wabash West. Maryland 56 i 55 55 12s3-4 i2sij 128 128 147 14614 147 162 162 162 ic2 218ti 218 91? 6g 45? to. Air Brake 43 am. Brake shoe 52 air reduction 99 am. Locomotive 1161-i Ien. By. Signal 97s Lima Loco. 48 53 99 report Rich Gold strike near City of j Central Labana Jai Nulec Missouri Central Manitoba i associated Cable Manila april Rich Gold strike into. Nickel was made today by workers on a Tun _ Nel of an Aqueduct to bring water to corp. Manila from the Angat River 25 Miles East of this City. Noranda a vein feet Long assayed As High As s2.300 to the ton acid it was estimated that at least Isi Idbury base to Worth of Ore was in the ground. Officials and employees of the lactic Gulf find Pacific company con tractors halted a possible Gold Rush by staking claims Over a wide area. They said they were preparing develop the project. Exchange firm associated press despatch sen Vork april Exchange firm at 4.80 3-8 Lor sixty Day Bills and at 4.84 31-32 for demand. Foreign Bur Silver. Canadian Coil Dis. Francs lire. 5.22 11-16. 51% 82-Li pressed steel car _ i Willmar. All. Amerada 33 Cit a. Asphalt 67 Barnsdall a 43% Houston----------------101 _____116 97h 21-% 53 93 116k. 97 i 52 Quebec Power s. Canada Power _ 43 shall Olgan -4 -4 smelters 440. 443 steel of can. Western steel mpg. Electric Cam. 81 was. Electric it. 74 s 43 73" 74 440 440 54 Montreal curb Clark. Martin i Assn. D. Vines Imperial u. Imperial Lake perfect service Lead general is highest for any five hour session this year foreign . Or Middle states Max. Seaboard _ . Of . Rizii tips pan an. A pure Oil Royal dutch a i. L. Sinclair s. O. Of Calif. Shell Union s mrs i Skelly trans. Coat. _ of Wrieth Hargreaves al glib a Manitoba Basin ventures Lime Oil Gudni Lake Tanani metals Commonwealth pales. Sherritt at 870. Manitoba at 50. Sudbury at 3 45. Granada at Home at 18.00. Tetras co.------------. V. C. K White Eagle i p Isk i Goodrich Goodyear Kelly Spring. D. S. Rubber am. B. S. 5s1- 34 13 43 297. 21 38 i to i 53 54 37u 5b 33 x 67 44 102 58s 42 a 34 ? so i 44 42 54 vib 26 53 43 391 80 30 21 39 i 37 i 57 "4 33 67 43 i 33 i 67 4344 31 j 4314 41 52 i 25 3 53 43 38 b 10 4 33 i 135 to i 21 39 10. 4 64 37 j 12 v4 89 133-% new York curb close Norcon Oil reach the Limestone in less than 80 Days. Good buy at per share Osier Hammond it Nanton april 8. American to 45. Bunker to Continental to 24vi. Kroc. Bond it to 76v4. Ford of to 1220. Humble to 109. Int. Utilities to 45. Int. Utilities to 16. Int. To 55. Imperial to 109. Newmont to 197. Salt Creek to 231-4. South Eastern to 78. St. Regis it to 125. Standard Oil. To Standard Oil. To -.0. To to in Gas it to 164. Vacuum Oil-123 i to 124 nor. Amer. To Fox theatres to 2814, _ am. Sugar r. C l Bur Cane or. Western j Pun i Alegre i an. Tobacco. Am. Tob. I general Cigar Lorillard Reynolds United Cigar stores ass. Dry goods a impel s. S. Kresge Ward May store a. H. scans Roebuck Schulte Wool Celii Bethlehem Central Alloy Colo. Fuel u. S. Cast Iron pipe steel Fly. Gul states Inland Mckeesport t. P. Otis Republic Vanadium u. S. Steel 54ta of 115 Sas Iso 145 i 205u 166 167 63- 24 i 16s 161 67 i 53 ii 22 .2 54 i 50 Villah 113b 88 150 146 143 4 16n 24v." 54-j 41 i 50 .2 Montreal sales furnished by pales from 9 . To 11 . At 40. Asbestos at 40. Albertu it m. Can. At 2b. At 27 .2. Brazilian at 59 .4, 175 at 59li, 435 tit 59 .4. 50 at Kim. 300 at 60. 10.1 at 50 4, 330 at j.9 to 430 u5911. 150 at 59. 0 at 591-4. 42a at 59, 230 at 5314. 50 at 58th. 50 at can. At 24. At 71. at 40, 50 lit 40w, at -10. At 39. Can. At 20. Dominion it 97. 50 at 93. 10 it 07u. 225 at 97. It 66. Famous 51. And. At 40 a. 36, to at International at 48. 100 it 48 c 150 at 48 4. 20 at 43v 2j at .25 at 335 at 48 i. 30 it 43. Fio at 225 at 700 at 41. 300 at 4734. .75 at 47-v4. 125 at 700 at 4 100 at 49. At 97 275 special to the free by free prut wire by c. Walzey a noted press fun Anoll editor new York april 8. Drowsy sum me weather was paralleled in the Stock Exchange trading monday. Sales fell off to the lightest for any Flo hour session this year belly under three million shares. Stocks Rolce with traction shares tumbling downward after an Adverse decision by the sup reme court in the inter Borough rapid transit Case for a seven cent Jare. Traction were bid up in Early Trad ing As traders anticipated a favourable decision. The entire Market was Strong at the open unit it picked up additional gains in the first half hour or so. After that a Selling orgy was encountered. But a recovery ensued with and traction leading. When the supreme court decision was announced the Market Rolce abruptly with the traction dropping seven to Twenty Points. Inter Borough rapid transit dropped to a new Low at 30 from us High for the Day of and closed at off Points. Third Avenue also made a new Low and closed with a loss of i More than seven Points. Brooklyn Manhattan transit lost Points for the Day. Manhattan to Cutler Guaran teed lost 11 Points. Traction Bonds i also sold Oft sharply. I Copper shares likewise were thrown overboard. Bears Anaconda Greene cananea and Chile causing losses in these issues ranging from three to seven Points. Other coppers also were under severe pressure. At the outset a buying movement was noted it the . Chesapeake and Ohio Rose three Points to a new High and Chesapeake corporation also Imide a new Peak on the saturday announcement of a merger of c. O. And Pere Marquette sanctioned by the Commerce commission. The gains were lost later and substituted. Pere Mart in us closed with a decline of 12 Points Chesapeake corporation and Chesapeake and Ohio 23j. Disappointment Over failure of the supreme court to hand Down a decision in the St. Louis and o Fallon i Case unsettled the toward the i close. Traders had been expecting a favourable decision Ami bought either a. Heavily in the earlier trading of such issues As new York Atchison. Tie United states Dollar was quoted at a Premium of 19-33 of per cent. The British Pound quoted Ato i Normal Price without Bank charges 2-3. The following quotations Are la per unit of foreign currency today s Price belgian Belgo brazilian Milreis danish Tarone finnish Funmark French Iran German reach Marlc Oreck dutch Florin Indian Rupee italian lira norwegian Krone Spanish peseta swedish Krona Swiss franc Par value. 13.90 64.62 26.80 19.30 19.30 23.82 19.30 40.2o 48.00 19.30 28.80 19.30 26.80 19.30 14.04 11.34 26.95 2.55 3.95 23.93 1.32 40.54 36.78 5.30 26.91 15.01 27.00 19.18 naptha a Day or a Little better and for the first time the Gas flow Lias been turned through the mis extrac tors which were obtained to take care of the great flow of Gas before the Well froze Over. New Zoek Cobb stocks Clark Martin open Rya Rald 37h s. Power a 101 s. Power a 103 celanese cities service h8si continent to Oil court aulds elec. Bond a share 77ti in april Holch Low c am. Am. Elk 104 102ii 102 i 239s 24 18 18ts elec. Investors Ford Ocanada Gypsum Gulf Oil Imperial Oil int. Petroleum int. Utilities Mountain prod. Newmont _ Salt Creek prod. Servel stand. Oil a ind. Stand. Oil by. Stand. Oil of neb. Stand. Oil of vacuum Oil 123 4 Bond quotations 97 95 i 99 99 117u 122s 117vi 61 60 60 158-i 156 i 105-4 111 105% 108 55 50 .4 55 5514 is i i 15 i 19 18--i 18-t 37 152--, 195 s close at 3.15. 1.50, while Illinois Alberta from 1.75 to 1.83. Mcleod 5.85. Mcdougal exploration and Mcdougall new at 5.00. Gained 5.00 at the late 155.00. Calgary Oil Market after touching drops to and closes at is Active special Dei Palco to Vancouver. ., april fre or an Early t i upward movement that developed to fend Oreille at the opening of the Vancouver Stock Market monday carrying it to a High of 9.10, failed to hold and in the afternoon trading the Price fell off to 8.40 at the Clow after w o 8.30 had Ben touched. The however. Amount of Stock coming out is Small Only shares turning Over for the Day. Reeves Mcdonald had a High at 2.95 Ruid the close was 2.7o, with sales. Noble five gained two to b 64 94 i 43 93 94 -------------125alli a Ujie Mycal 272 Mil Ohleson extensive foreign banking organizations. The plan Calls conium solvent for the reduction of the Par value . Ii Chase National Bank Stock from s100 d to s20 per share and the Issue of additional Stock. Which would be exchanged for american express Stock. Stocks and Bonds bought sold quoted we invite enquiry concerning and unlisted on any Market. Our extensive facilities enable us to furnish reliable statistical service and latest Market information. Correspond ence accorded prompt attention. James i n4 item stocks Bonds Grain 357 main Street Winnipeg phone 24 831 inc. Lambert 55--, 113 liquid Carbonate 73 177 17.i "4 112-4 140 78 7e 43v4 43 141 140 216 2i4h 216 a n unprecedented demand for Oil draws speculative attention to the exceedingly Bright future for the major Canadian companies now operating in Western Canada. This House justly feels that in making Alberta oils one of its specialities it has greatly advanced the inter ests of their development through obtaining wider distribution for Active stocks As a result of consistent and reliable coast to coast publicity. Oil production is the most profitable business in the world. Consult us As to out recommendations in Oil. Mills offices connected by nation wide private wire system. Ground floor Union Trust bids main Lorri Liard Telephone 80 w. Macdowell manager Nat. Distillers 13. S. Ind. Alcohol _ 147 Donlon Carbide Amer. Power and t. 96u 96s1 "5 Amer. Tel. And Tel. 219v 21dv 217 Amer. 82% Brooklyn edison____76 Brooklyn Jian Nattan 7g Columbia Gas 142 Commonwealth. Cons. Gas--------------102ti i ind. Oil and Gas 33% in Tarboro r. . J int. Tel. Tel 253 Lou. Gas exec. J n Orth am. Co vat. Pier. It. I calf la Gas people s Gas pub. Service Sou. Cal. Ecu i Standard Gas Western Union Briggs Bosch con. Motors Axle Federal truck Graham Paige Gen. Motors Gardner Hupp Hudson Chrysler Moon Mack truck Murray n Asli _. Overland Packard Fleo Spicer Strombert Studebaker Timken Stewart Warner _ 137 Wilto _. _----------48t.i yellow truck. 40 x abltlbi_____________40 a. Dyers _ 154 i . Can 128 int. Corp__63 is Amer. Radiator__180u Iso i Amer. For. . Gulf and w. I. 49vi Allis Chalmers ----17" Amer. Home prod _ 7 Armour a 13 a Armour a 7 Amer. Express 400 Arner. By. Egress. 160 Amer. Safety razor 63% Auto sales. 34% brims. Burroughs-------------2b3 Nat. Betch nut 39 so in Boveri----------31 a Best co. _. Calif. Pcs. _ Corn . Can Collins and milk. _ Curtiss Aero 148 Canada dry 82li Endicott John. 73 Eastman 176 elec. P. It. 62 Elc a. Boas am. A. L.________1421i 144 7 leis Limann 71 71 f g. y of film__________85 b famous players 63 i Freeport Texas dust 63 Gen. Elect flu _____231 Glidden co. 41u can. Refractories 71 42 64 .10% 68 s 43v 94 95 i 18.1-4 89 1j5m 138 .11 175 140 73 43 40 591-z. At 43. Beli at 162. Can. At Canada at 125. Can. At 43 a. Can. Steam at 95. Atlantic Falls b. C. At 22. Cockshutt at 39, can. At 30. Dominion at 97 at g6. at i. Famous it 7n it at 3g, 25 at 36 -.-. 40 at 3ti. 100 at 36, 25 at 65 a. 36, 25 at 5 at 36, 10 at 35 a 50 at into. It 48, 215 at 47 w. 15 at 60 at 43, 50 at 10 at 50 at 48. Imperial 25 109 -. Massey 10 at 70, 15 at 70h, 10 at j 50 at in 60 at 39. 20 at 96. Montreal at 10 to Loi l. 30 at Ini i. National at 93 at 135 i. National at b Peter 47 Power at 100, it 09 2. Of Ebro it 76. It 73 to 5 it 10 at 74. 50 at 101. I at 102. 137, 300 at 136. I to it 47. 5 at 993i. 25 43. 100 at 135 at 48 i 225 at 325 it 48, 50 at 125 at 477i, 100 at 25 at 48, 215 at 30 at 47 .7, 60 i at 10 at 47ti, 23 at 125 at 30 at 48, 85 at 47jb, 150 at 165 at 471.j, steel of at 54. 75 St 53 s. 55 r. ,4 50 at 54 -. At 413. It i inn a r is. 5 to a. At 48, 25 at 48 4, 23 a at 48 20 at 48u. 830 at i Harvester it. Match int. Combustion an. Ice Julius Kay scr Johns Manville _ r k k Kelvin Tor cola Kroger lilt Lohn i Fink 103 i 103 103 i 103 h 79vi 79 79 72 72 i 7014 70 i 39 39% 82u 85v1 82-i 85 170 170 7 i 23 27 27 la l ___1281 130 i 1231i i30 i 91 91u 90vj 9016 Loose Wiles Tio ewes Maytag int Nickel at. Cash Register 131 i Nat. Dairy prod. _ 124 415-lg.n. Ore--------------301 531 " Ford 55 ii 5ii i 63 pm i i _ 55 1 133 124 i 123 61v4 Seivi _ _ 47v4 127 127 124v. Telford Phil. J Edge. Coal _ Postum Warner Quinlan radio corp _ Rem. Rand Shubert Simmons co. Texas sul. Underwood 64 _ 5gh 64 _ 64, 65-i 65 10 10 i 97 34 31 33 _ 64 _ 65 10 Only partial ecu very the do Couloir obstructing the Liole. The full Ilov of Gas is not being obtained Kalta no. 1, if Stater sunday evening by w. S. Herron managing director on his return from the Well. The Well was got control saturday eve Ning and the Gas turned into the separators after it had been blowing wild for almost two of Alan no. now producing 200 barrels of 30 so i Universal fipe . Leather . Leather a . Realty Aero Warren Bros. Warner Bros. Pic. _ sting. Elect. Amer. Woolen Money .____________ 12 m. 1 2 . 31 100s 571i 57 i 5 82 82 so i 81% 797i 79t1 75% 78 114 b 114 i 114 i 114 i la i 23 25 23 461i 4-v 91 91 87 247 247 246 141 141 141 105 105 102 143 148 14.v 20 i 201-4 777 25 45 90 247 111 102 146 20 a _ _1. 765.500 2.099.900 Norcon Oil being bought up quickly at per share investment securities bought and sold on All principal exchanges private wires connecting Toronto Montreal and new York experienced advisory service set your disposal ii Mitch established 1883 investment Bankers Cor. Main St. And Portage ave. Winnipeg Telephone 87 301 yes irs Safe though Mort it feel Good about though i had to give a big ii mortgage to secure our Home. You see i figured on paying off the mortgage in 10 years time. Then i began to it takes me 10 years to pay off the mortgage How Long would it take my wife to pay it if i died her name would t stay on the firm s pay Roll what did i do talked the matter Over with dad. He said a mortgage is Fine to help you get a Home but it can take away just As readily. Advised me to take out an Imperial mortgage Protection he did when he was cover the mortgage Dollar for Dollar. I did drawn the Teeth of that mortgage. I know now that Elsie and Bob will be sure of their Home whether i m Here or not. And the Cost is not so great its like paying just a Little higher interest rate on the mortgage itself. And i know that my deposits Are not like Money spent either they will come Back to me nicely increased. There is also a total disability clause in the policy that is mighty re assuring. There a mortgage on your Home for the very interesting facts about the Imperial mortgage Protection policy. The Imperial life Assurance co. Of Canada head office Toronto Branch office Union Trust building Winnipeg ;