Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 1, 1929, Winnipeg, Manitoba 16 Manitoba free press Winnipeg thursday August 1, 1929 Dominion Bureau of statistics indices of business activity show Canadian business moving Well ahead of 1928 level. News mines and the Money markets. The United states Dollar was quoted j at a Premium of t 1 per cent. The British Pound Vas quoted at s4.86ji Normal Price without Bank Clarg of s4.bg 2-3. The following quotations Are in cents per unit of foreign currency Par today s Market reflects Strong Hamilton Bridge gains five Points Are irregular country 10nc---- belgian Beltra. Brazilian ill res French franc German reichsmark greek drachma i dutch Florin 1 Indian Rupee italian lira norwegian Krone Spanish peseta. Swedish Kronn. Issues into higher ground. Volume j Swiss franc toured to 35.835 shares in comparison _ to the us Erac of and fit the i close a vigorously Strong tone was and Loblaw s experienced reflected in the record of 43 issues turnover and closed firm for despatch Toronto. July 31. A healthier tone infused the in Arkton the Toronto sex disuse today and moved mini or oui value 13.90 54.62 26.80 39.30 19.30 1u.30 40.20 18.00 18.30 20.80 19.30 26.80 10.30 attends conference 210 at 56 a 123 at 50 at Price 14.00 11.98 2fi.86 3.04 2-1.03 40.38 ii6.29 5.25 20.37 14.72 27.01 10.40 i ten indices reflecting conditions indicate business activity Well ahead of 1928 Canadian Ottawa july slackening in activity in May 30 unchanged and Only 25 Clown. The crop sensitive group t cml arly Well with . Gaining 3, Cocks ult. Plow rising i to 34 on comparatively few sales and Pacific Grain appreciating Frao tonal la. The Only weak spot was Canada steamships which lost to touch a new Low of 93 4. Utilities were irregular Bill Tele phone slumping to corporation gaining Biol dint firm with an and Dominion Power losing one. Put up an usually Pood front As a group. Lake Superior on Loving an Advance of i Points on spies of 360 shares Hamilton Bridge i Hoo eng up five Points to 93, very ii for the year and j a heavy both a opening closing Imd b Stock after an easy faired Par Dominion stores was weak off one. In the savings. Duffer in Rose fractionally and Standard dropped one on Bot ii common and preferred. There was slight easiness in the liquors castings and Canada Bud sinking is. But Walker s hid an Active Clay with i Salos 2 640 slices. The Price or fluctuated Between and Tom Usu the Day. The Traci s despatch the slight j Canadian business and Early Juno there was a recovery towards the end the half year. Out of twelve indices re ported by the Dominion Bureau of statistics of which three reflect conditions in july and the other at the close of june in Only two instances Kllc activity fall below the record of the previous year. These two were pig Iron and Bank debits and in both instances the six months figures showed a substantial Advance Oil 1028. In the table which follows the sent of the Index for the month last Vear is taken As one Hun 86. At Erial at e of the Wood. 80 at 57 100 at. 150 at 25 at at 55 25 it Montreal at 117b. I null anal at 88vi. Price at 05. Power it 119 i is it 27o at. 119. Quebec at 75 at Dili 30 at 02vi. Web. At at 88. Sales for the cant hour at-31, 25 at of i at 51, 100 . Can. At 35u. 17. At 285 at 225 at 50 at 35vi, 25 35 but 35. At 33, 50 at 34. Brazilian at i Tjo at 50 i. At 45vs. Famous at 5-1. At 72vi. Car. At 34. at 31v4. at 34 com. At , 25 at 108. At 55. Told. At 23., int at no at 43, at Xvi. 165 4fl. Imperial at 25 at 29 Lake of the at 2. 53. 25 at 59. 25 at 60. Massey at 54, 50 at 5-1. Montreal at 150 at 113vi. 200 As Llo. Financial news in Brief at 35 a. A t will improve Airport Vancouver . Vancouver s air port on Lulu Island will to marked with Asphalt markings according to William Temple ton superintendent. Work has already commenced in Lay ing the Asphalt markings. Over 6. 000 landings have been made on this held during the last three months according to or. Templeton. R v Bridge soon Complete i Pawl n. . Bridge Over the Saskatchewan River at in Pawn is rapidly nearing completion. According to current reports Ironi the segue of activity. Very Little Cement Ivory remains to be done Toyoni one pier which will be completed week. On the Short piers ha1. But this is not expected to take More than a week. steel structural material is reported to at. Have already arrived. Record Many claims in Prince Albert area nearly 400 claims have been i filed since january 1 special despatch i re arc Albert proximately 400 quart have been approximately -100 mine claims have been recorded at the Prince Albert land office since the first of january. At Liesau from Alberta or Manitoba and returning to Edmonton or the Pas or by air plane k win pcs. Tub Rall their applications to the Domin Ion land department at those Points anti they arc Lonverd Cal to i Rince Albert. The Quartz mining claims ire concentrated at Moose Point. Toxic la Ronic in the urea Between Lac la Ronic and the Churchill River at Bour string Lake and its it of few along Churchill River Tress to the free Iak. Kirtz 20 Placer mining recorded at the j the Here since Jana. Tot Ai North. Lie a were half of Dominion he North Side some of of have yet to be jul Slid than Nils to Ltd More l at 54 a. 75 135 at 113, 50 at b5vi, 130 at closing unchanged at Issue and the present year is finally Treasury Ria Lanck. Hig car doping for a net Little below its National steel gain of mild irregularity prevailed in or industrials and . But. The dominant tone at the close was up Werc and several issues made encouraging advances. Canada Gypsum recovered itself and went up 12, de l special United press Dep Patti to free by free press private Washington. July net. Balance on july 29 was customs receipts to the same Date to i failed discount Rath Brussels. Uel glum july Bel Gian National Bank raised its discount latest Index for the Given As a percentage on that Bast. The results are1 employment los pig Iron 03 steel 103 Bank debits. 92 car loadings 103 building 122 imports 101 exports 10c Coul 301 113 investors Index 134 traders Index 266. J the employment figure is that re ported to the Bureau for the first of. I july. lire for the third week in july. The Stock Exchange Index one of which is designed from the Point of View of an investor and the other that of the Speculator Are for the same week in that month. All the others reflect conditions Dur ing the month of june. K. A. . Vice president of the Aetna life insurance company Hartford who is Tak a prominent Purt in the corresponding first regional conference in Canada starting this in the Royal i 85. Alexandra hotel. Mining Section Price a t 92a 25 at 33. Listed c. And s. unlisted went up one. N. Burr Rosu rate from 4 to s per cent. Osier Hammond i t b o established 1883 investment Bankers government municipal Public Utility Bonds corporation securities bought sold quoted private wire service Nanton building Winnipeg Telephone 87 301 los Letl Beaver fire car. Fire ins. Co. _ can. Pacific Cor. P. B. Cd. Pad Par. Sion _ in _ 100 _ 100 _ 100 _ 100 100 Crescent . Co. It. West . Home inv. A Sav. An. Nor. Can. nor. M pc. Part pm. Northern Trust so Peliss lers Ltd. Com. Stand. Trusts 50 West. Steel prod. Pad. 100 West. Steel prod. Com. Unlisted . Oil and Gas co. Beaver Munib. Co. Pad. l Irb. Co. Com. 100 Blue ribbon pad. _. Brit. Am. Of Jill bid. 13v 103 "92 171l "23 to ii6 50 30 42 300 135 y 31. Asked. 133 30 22 52 i 35 j7 i jury 31. Bid asked b.25 1.75 2.60 .31.----- 1.05 Arno Bip Missouri Central Manitoba Dixon dome Holzli incr Ito any Hudson buy int. Nickel Home Oil a Rick Shorr Manitoba in sufi mining Mclntyre Narancic. Pend Ceil a Sherri a. San Antonio. Sudbury Basin Tecl ventures Wright Hare Reaves sales Sherritt to 7.50. Manitoba at 25. San at 14. 25 a 13.53. Ai 50. At 1.00. And Biry at h.50. A b at 1.60. 10.00 1.03 47.sn 2-1.30 24.75 4.00 1c.00 so 57.70 7.50 .13 8.50 8.10 8.00 Toronto stocks Oslo Hammond Nan Lon july 31. Open. High Kow. Close 52 55 52 55 40 to a 43 493., no a ibo i 160 Abi Ubl by. Amer. Oil Bell Telephone Burl f. cons d Euke Rii a Curlings can. Gypsum Cosmos Imperial Durant motors Dora. Stores Ford a Goodyear tire _ Home Oil Hiram Vav Alker Imperial Tob. Imperial Oil int. Nickel int. int. Util. A 50 23 50 100 100 stocks and Bonds bought sold quoted we invite inquiry concerning securities listed 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 established 1s37. Stocks Bonds Grain 367 main Street Winnipeg phone 24 831 can. National fire can. Indemnity City Dairy Sci pad. Corror. Paper Box com. _ Man. Brides Iron _ Monarch life North slur Oil com. 5 Sovereign life traders Doldi Assn. 100 United Grain growers 25 West. Brew. Ltd. 10 West. Can. P. M. Pm. 100 mpg. Elec. Co. Ltd. 100 Bonds War Loans a Victory Loans s j93-1 _ 5. 401 i 40 120 its met. Air a 43 47 330 2.3 120 3-1 21 43 33i 1.17 34vi Lovi is i 40 47 330 23 30 48 a 251-k 46 47% 25 a 169 62 v 33 i 12o" 3 4 a 15 i 16v. 40 48 330 23. 18 i 29 43 25 i 40 Massey Harris in53 h a a j4h More Coflin. So i 30vl Pilibo Hersey 137 i 137 is 137 137 photo inc rovers 3131u 31.4 3 service stations he i 65 01 is Standard push in 33 33 33 33 Toronto trusts 250 200 250 255 Western can. Flour 35va 35va Bank of mov. Scotia Sig i 300% Dominion Bank 243 243 363 368 368 Calgary Oil Market Mills is 73 110 11 a 103 101 .2 i Mcdoura n 59 i. 53 172k 172 j loan 1932 refunding Loans _ 1340 4 i 70 101.40 100.00 100.45 104.50 101.75 98.90 100.co 100.00 100.3d 05.00 54.85 05.25 05.00 quotations on Victory Bonds Are for denominations. Sales at 100.45. Traders at 108. Winnipeg electric at Lolly. Keep your Eye on prospects limited 25 Syndicate Block 222 Post age ave. Aalto by. Asbestos com. 11 Asbestos 31 Alta. Pac. Grain 41 brazilian Bell to Power a British am. Oil Brompton build los prod. Canada brewing Canada Bronze Canada car com 128 Canada car old. 140 can. Cement "6 can. Cement 97 Cin per. I paper 35 can. Indus. Alcohol. 23 can. Steam.------34 can. Steam pad comic slut to plow Dominion Glass Dominion textile famous players Eraser Hamilton Bridge int. N Clacel int. Petroleum tone dial Oil of Woods Massey Harris com. Mccoll Montreal Power Nad. Breweries Natl. Steel car Ogilvie Peter Price. Bros. Port Alfred Power corp. Quebec Power so can. Power 11 Cowans. 1 open High Low _ m 51 la 50vi 172 ii 33 19. "2. 34 106 v t 200 91 _ 29v, 54 _ 39 _ in _ b20 21 _ 95 __60 33 30 23 v 34 34 108. 200 91 55 52 4 8 44 33 34" 34 33 106v 200 01 company Ltd july 31. Open Ohleh Alta. Pac. Cons. _ 390 395 Brit. Dominion 73 Cahn ont 470 Dallas ____----270 Dalhousie 390 Devenish Freehold great West 35 Illinois Alberta 80 Madison Mcdougall scrub new 135 Mcdonnall Szklir hip. 3go Mcleod. 380 mid West Mill Clov 375 be front 47 to Valic .---------155 480 270 390 55 35 85 133 360 380 29-Llj 56 54 on 55 40 118 a it i 35 23 34 108 200 91 55 52 48 29h 60 54 40 signal Hill Sponer United Vulcan .10 075 4b 155 32 145 107 96 Low 390 73 470 266 80 47 Ciosci 390 74 473 206 147 a 84 23b 48 increase Edmonton Alta. Exports from Northern Alberta to the United states for the six months ending june 30, amounted to nearly Accord ing to the report Given out last week by Odin g. Loreu. . Vice Consul for Edmonton District last exports to the United states from Northern Alberta during that period exceeded those of the same period a year ago by the report stated. Will build Ivan inst can. Sask. Tenders for Tho construction of an activated a ludic sewage disposal Plant for the to in of Estevan have been called. The Plant is to have a capacity of about 300.000 Gallons per Day the plans culling for the installation of the Dorr Automa tic bar screen to cell Manaj my odor from the sewage. Cost Hie Plant will be approximately fur shipments Alta. Heavy fur ship ments and a Large number of trappers arrived from the Arctic on Friday last week Over the Northern Alberta railway. Among the passengers were c. H. French fur Trade commissioner of the Hudson s Bay company who i was returning from port Smith. The j present High fur prices ruling will be j maintained in the opinion of French in View of the Shore catch this year and the evidence of a continuing shortage next year. Town than Nimir commission Waln Wright of the formation of a town planning com Mission which would be composed of three members was Given by the Council in Wainwright at a special meeting this week. H. L. Seymour director of town planning for the provincial government was present and discussed the general plan with Council. Of is Milinor plication for claims received from one Man. On he Numbat of others at the land office recently. The applications is usually however. It is known that a number of applications for claims which have Al ready been staked have not Heen re corded As yet due to the numerous difficulties presented for rapid transportation Over the Northern Waterways. The 75 per cent water area which the Mineral areas include offer numerous obstacles to rapid travel exc up by prospectors entering Northern Salt to 20 Petroleum hid ass claims were re tied near Pike Luke. Month a f Winnipeg Bunh clearly if for month of july show a in crease Over the correspond last year with a total of according to figures issued by tin Clearing House wednesday. Cleur for july 1928, wore for july 1327, now .7osus new York. July 30 industrials. 343.12. Up to rails 372.53, up 1.68. A i v we solicit conservative mar Gin accounts based on Pur chases and sales of wheat and coarse Grain futures. The 30 142106 s5 30 145 Ioc 86 Coal production in june registers decline 89 95 41 .2 85 21 1i7 a us 21 93 a 118v 86 shawl Olgan smelters steel of can. Com. 56steel of can. Pad. 54 Way Adamack mpg. Elco. Com. _ 75 81 77 01 a 33 by 75 Montreal curb Federal Grain limited 6v2% preferred shares with common share Bonus Combine the following1 for preferred share dividends after allowing for Bond interest depreciation and All taxes have averaged for the past three fiscal years to Over four times the annual dividend requirements of this Issue. Allowing for first mortgage equal to for each preferred share now being issued. Common share offers the investor a medium of participating in the surplus profits of the company. A number of Western Canada s most capable and highly regarded Grain operating executives. The 3 terminal and 338 country elevators will be one of the largest and most important elevator operators in Canada. Urlce per share and accrued dividend with Bonus of 4 class a common shares with each 10 preferred shares fully descriptive circular will be furnished on request ltn3scy building Winnipeg Telephone 22 864-5 Wood Gundy limited Osier Hammond Nanton july 31. Assoc. Brewery 26 Assoc. Oil Gas _ 410 410 British Amu. Oil----49 49 a b. C. Packers 19 Canada dredge Ott Suva out., july production in Canada during june was three per cent less than in May. Bus 19 per cent More than the average Eor the month in the five preceding years the output for the Mouth was Short tons including 041 tons of bituminous Coal 45.077 j tons of sub bituminous Coal and 935 of Lignite Coal. Nova Scotia produced tons. New Brunswick tons Saskatchewan tons Alberta produced toils include tons of sub bituminous Coa i ing tons of bituminous Coal and tons Lignite Coal and British Columbia s output was 203. 477 tons. All Coal producing provinces except new Brunswick showed decreases in production As compared with the pre ceding month according to Dominion Bureau of statistics figures. Bring in producing Well in Kelvin Sunburst Field a. Fifth producing a Ell. Has been brought in by the do Loraine of Syndicate limited in the Kevin Sunburst Field. Montana according to j. G. Alexander the company s fiscal agent in Winnipeg. The Well is rated at 50 barrels a Day which according to or. Alexander is a commercial output in that Field. Drilling costs there Are very Light lie says owing to the shallow horizons i at which the Ellis Sands Are reached the average Well getting production in these Sands at a depth of Between and 1.300 feet. Wells can be drilled to this depth for about says or. Alexander provided no Trou ble is encountered. The Deloraine Oil Syndicate is financed by Manitoba Capitol and in tends to Drill six Wells on its Montana acreage says. Or. Alexander. 5 Erie bldtf., 232 Portage Avenue. Winnipeg v f f members of the Montreal Stock Exchange members of Montreal curb Market Stock brokers and investments Commonwealth Pete 100 can. Wineries Canada mailing 26 castings brewery 14 coast Copper 55a Dalhousie 390 engineering 07-11 dry ten paper 27 i Eastern dairies 43 foreign Power 36% Hartro electric Home of Imperial of -______29% Imperial tobacco of i int. Utilities a 45 int. Petroleum 25 Lake sup. Oorpn-----24 Manitoba Power 08 19 88 100 26 14 400 08 27 i 2g 395 49 19 67% 100 t.4 25vi 14 400 100 Metal Market 300 390 97% 9e 27 i. 43 77 69 2300 2275 2014 29v s714 43 36% 76 2275 29% 45 a 7.5 is 24 i 68 47 137 Mitchell boat. Co 11 Nat. Distillers lob nor Ancla mines------5800 6150 Piile Hersey ---------137 perfection Reliance Grain 29 w. Steel prod 4j Wal Well Oil s3 Hiram. Walker in la 2 30 43 33 45 25 24 68 46 5750 137 29 13 30 associated press despatch new Vork . July 31. Copper steady electrolytic spot Aud future in. Iron steady tin easy spot 47.25, future 48.87. Lead steady spot new York 0.75 East St. Louis 36.55. Zinc steady. East St. Louis spot i and future 6.80. Antimony 8.60 to 8.62. At Copper so future . Electrolytic spot 5s. Future 15s. Tin spot 10s. Future 10s. Lead spot and future 17s. 6d. Zinc spot 2s. 5d. Future 5s, 30 43 30 i Montreal sales 1 Siles for the first hour i at 51, 25 at 50 at Alu i 225 at 51 vib. 250 at 5. 145 at Alberta at 41. Can. At 35, 100 a 310 at 35 200 at a4vn, 1350 at 35, 50 at 125 at ssh a 100 at 35, 50 at 35vi, 580 at 35, 100 i at 75 at 35. Brazilian at 150 at i at 44. Cocks Utt at 34. Domin. At 106h, 50 at 107, 200 i at 108, 50 at los i. At Hamilton at a2. Ind. At 23. Int. Ai 50 at 47 in so at 43, 50 48 a. Lake of the at 20 at 56, i 30 at 50 a. 100 at 5814. Mccoll at 33. Massey at 54 i 320 at 55, 125 Montreal at 125 at 110. at 100 at 38, 320 it 1 89. Price it 05. J Peter at 21. Power a 117 a 210 at 1171i, 85 at i Quebec at 86. I at boat d2 a 25 at 750 at 93. Winnipeg at 75. At 86, 25 at 86vr, 75 at 87. 25 at b7vi, 75 at 87. 150 at 88. Sales from t . To noon at.51, 275 at 51vi, 120 at 51. Alberta at 41. Can. At 35vi, 175 at 35vi. 28o As 275 at 120 at 450 at 33, 25 at 35% 250 at 36, 525 at 525 at 30 125 at 100.at 36. 25 it building at 33. Brazilian of 275 at 69vi 525 at 350 at 59v j. 175 it 50, "5 at 59 at 100 at 45. 25 at " Cockshutt at 34, 75 at 125 at 33. Dominion at lob i 20 at 108. Dominion at 300. A 55 125 of Hamilton to 53. Ind at int. At 43ii 100 at 383 at and with the change Como different Cus Toms viewpoints methods. Business is not unaffected by those change Ful o n g these changes in recent years that which has revolutionized the processes of merchandising and particularly Tho Chain store therein then is in u c h food for thought f o r til e s in o in d investor. Tho future of the Chain store becomes clearer with in v e s i is a t i o n and study. Limited "503-4 electric railway Chambers phone 25 381-2. Life insurance premiums company annoy Ijes the adoption of substantially reduced rates of premiums for life insurance thereby making possible the carrying ;