Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 8, 1929, Winnipeg, Manitoba 17 mining and business both oils and mines Dull in Vancouver i. Ond e. Corp. Makes gain of 2-5 cents in heavy trading special pcs anti a to free Tress Vancouver. 7. C. And e. Corp. Play and Mcleod were the Only Oil a silos to show any Rains in a Dull Market., featured by 13 listed stocks. no trading. Stiring tile Ertic 3aic on the Vancouver Exchange Trice oranges were Spinall the trend softer. C. And t corp. a heavy trader Trad in 7.9.1 and 8.30 with the close at 8.25. 2.1 Ponds. A. P. Con solid ate was n Liue demand it from 415 to 4. Is. Oar ont held unchanged at from 4.90 to 4.93 on Light trading. Commonwealth a couple of sales fit 1.08. Dallas Clown 5 to 2.85. Daht Mulc held at from 3.80 to 3.85. Basic rest slipped badly opening at j9o" it met profit taking and fell off to n Low ant closed at 2.63. Down 3. Frecht Lyl but Little interest at from 1.63 to 1.63. While hartal ranged from .65 to j .68. Mayland had a. 10 Point closing at 9.fl5, with Only 1 Sale in the late trading. Mill City ranged from 0.00 to 9.05. Vanalta dropped 15 Points to 1.83. Home Oil sold at from 25.50 to 23.73. Mercury was d appeared to he 10 Sterling in 2 to 1.30. Mcleod lightly held at .30. Up was Down 1 to 2.04. United ranged from 1.15 to 1.17, Iveth the the close. The mines wore featureless. Copper traded in Odd lots All around 7.50, big Missouri had a turn Over of 400 shares at from to 1.58. Fend Orvllle after Selling Down to 6.25. Came Back to a close at 6.33, with but Little Stock coming out. Reeves Only had. One Sale All Day at 1.85. Snowflake held at to 46 on Lair demand. Kootenay King is Strong ranging from 41 to top Ley Richfield on that Bert p. Smith and two assistants from the Premier Gold mining were sampling Ore from the surface to the 200 foot level showed a Little life closing at 26. Up 1. Kootenay Florence had a fair Day s trading at around Noble five was up 2 to 62. Premier touched a Leigh at 1.95, with the close at 1.85. The balance of the mines was unchanged. Quebec shareholders put up Strong opposition York stocks am. Ahumada Lead Butte a Superior _ Anaconda Cal. Heel Cerro de Pascoe Cal. or tiny Greehe cananea Howe sound inspiration St. Joseph Lead a Endecott Miami magma Nevada Patino Park Utah Seneca 1 Enn. C. C. U. S. Smelting a All. Coast open a Gigli Low last 45 i 48 09% 100 a 136% 136ft 83 120 i 45 i 132 81 45 a 09 132 68 v 47 7.1 91j.i 45fc 7.1 48 41 0 17 to 57% 18254 180 130 47 01% 455s 71 48% 41 i 88 it 47% 40 5% 45-11 89 a 88% 44 i 70 i 40 57 91 50 i my bait. Ohio ones. n. A Central chs. Ohio Cari. Pacific Del f Hudson Del. L. West. _ 28j i 27l _ 198 Al. 134v, As 234 a 237 203 i 267 i 13-1 83 233 Erie common St. L. In a. P. Go. Nor. Pad. Chi. A. West _ 157 . Chi. S St. L. _ 159 ills. Central c. 145 Montreal. Aug. 7. Efforts of the the manufacturers finance Corpora Tion limited to collect from Quebec shareholders of the company unpaid amounts owing on Stock subscriptions to if com met with strenuous opposition when j nor. West. The Issue was raised before or. Justice Fortier in the practice court today. The matter came before the court on a petition of the liquidator. In which some 21 shareholders residing in Island province of Quebec should be made s.w.----102 256v 20051 256 i .227 228 227 147% 126 a 118 149 147% 149 84 84 a 120% 118 4 120% nor. Southern 103 61 i 01 250 Pacific Chi. Nor Wost out. Western Penna. Pere Marquette 159% 159 145 1-13 103jl 102 58 44 253 10914 02 i 56% of 250 binding in tvs delay was it granted by or. Justice Fortier in by which contest to the petition May be prepared in writing. The petition re cited the history of the liquidation proceedings taken in the Ontario courts against the manufacturers finance corporation limited and concluded with the appointment of Geof Cor of Frey t. Elf Turkson of Toronto As Dator to wind tip the concern. Day a speculation of More than usual Promise at 5oc per share Western Alberta Oil co. Ltd. Holds 960 acres of valuable Oil lands on the favourable Highwood Structure acreage selected by Olen m. Ruby the eminent geologist and Ona of the com Pany directors contract for 3.500 feet of drilling already let management in the hands of men of established reputation in financial and Oil development Fields unhesitatingly recommend the of company As a most attractive speculation. Full particulars on application. Limited specialists mining securities phone 80 151 Winnipeg Clark Martin co. Stock Bond Grain brokers phone 22 ssi Winnipeg this company is making remarkable Progress. Read the following Vancouver july 30. 1920. Capitol Well Grill inc at seventeen Hundred and fifty passed through thirty eight feet of very line Sand with tremendous pressure of Gas. Is increasing. Control head being sent out to Well. Manager states conditions look most promising for Good production. When you consider company pays no royalties think what to .1 to them to be in a position if they desire to sell portions Large holdings on Royalty basis to others when production it is impossible to estimate what Price this Stock May Rise to study the history of Advance in prices of stocks and notice Progress pc title drip Long companies Are making then consider Capitol Oil it two cents. Think it is the Best Jow priced Stock on the Market., with excellent possibilities. We recommend it to you j. L. Elvin limited Winnipeg. Stock Bond and investment brokers. 305 Paris building phone 88361. Tsp for direct delivery to permit Holder s residence from the or from Cash and carry stores. Phone 3178 warm winds never disturb the Man who is prepared to meet the emergency with White Seal Kiewel s t b o i a c Pacific . Sou. Sou. Union Pacific new Viaven Wabash West. Maryland 102% 40 a 61 a 30% 101 a 159 a 143 103 a 91 " 253 108 a 90% 40 59% 140vl 143 a 140vi 143 136 solvi 38% 61 a 152 it 152% 150 269 265 119 72 73 117 72 150 265 . Air brake_____43 2 _ air reduction---------171 171 168 h Amer. Car pdy.____99v- 1013 Amer. 127 12g Gen. By. Signal 117 a 118 117 tank car------101 a 101 a 100 Loco pressed St. Car Pullman Westing. Air Brake Ati. Refining. Gen. Asphalt Barnsdall a . Of Lago Marland mid continent Middle states mex. Seaboard . Of ._______ Phillips prod. Refiners pan am. Pure Oil Richfield Sinclair s. O. Of Cal Shell Union Simms Skelly trans cd Nln. Texas co White Eagle 53 1814 5 4 a 33 i 70 i 26 i 33% 60 i 33 8g 54 i 8714 34 vib 85 i 53 .126 117 100 52 85 i 54 63 a 6 86% 86 i 5gvi 20 vib 2 31 3 3g 33 i 71 26 in 40% 12 v4 60 i 37 i 3 8 a 33 i 7011 26 40 11% 60 37% 38 v 35v. 3955 33 i 70 m rein. Rand Shubert Simmons Texas Gulf sul u. S. Leather . Leather . Realty Wright Aero Warren Bros Warren Bros. West. Elec a m. Woolen Money sales 11 12 1 3 40 70% 194 32% 8814 324 367 50% 233 is i 10 46 40 115 71 i 45 39 113 70 v 45% 32% 89 124v. 167 10 32 i 88% in i. 38% 120% 160v-2 1661i 5flti 581-i 235% 231 232 13v4 1811 8 8 new York curb close Tosser Hammond Nanton. Ltd aug. 7. Open Alexander Indus. 10 Allied p. Alum. Co. Of Amor. 480 Amer. Cyna mid b _ 04 Amer. Super Power g3% bunk car Hill Sullivan 125-4 Continental Oil 17 a Caterpillar tractor b2 electric b. S. Noli Hurll 10 480 04 63 126 Low Icse 10 85v4 480 63 a 60 1251 17 i sales higher but net profits decrease Canadian paper Board company now in Strong position special despatch to the free press Montreal aug. 7. The financial statement of the Canadian paper Board company limited for the year ended March 31, 1929, shows an in crease in sales from last year to this year Cost of goods sold however shows a larger increase with a resultant decrease in Gross profits which arc 819 As compared with last year. Alter deduction of salaries and 430 expenses and sundry expenses and discounts profits for the year before Toronto mines Stoble Forlong. Toronto. Auk. 7. 1929. Open High Low close sul33 no 180 m no to our Abana. Quonda Ajax Amity Amulet Anea Ai to Assoc. Oil electric investors Ford motors of can. Pox theatre Csc quit Humble Oil Imperial Oil 45% 25 i 116 be 2858 24vo providing for depreciation and Bond interest were Bond interest tools and depreciation leaving lie profits available for dividends at As compared with in 1928. The surplus for the year amounted to and after add in the balance Sheet shows an in crease in total sets from last year to in 1929. An tvs 116% 117% i increase in land buildings etc., account is mostly responsible for the 82 i40w 28 i 45% 192 45 25 190 60 126 137 28 i 455s 100 28 11 "21 282 in us 43 405 410 Alta. Pac. Con. Base metals _ 560 Baltic Oil Bidgood 26 160 10 515 27 v 11 275 21 284 16v 43405 420 5bo 213 27 Iso 172 11 Lov 400 410. 17b 11 you 2n 3uou 21 1000 253 15000u 4000 5000j 520 155 10 i 015 27 13 775 1600 100 44 to 2.1 a 159 520 13 1600 100 130 int. Petroleum Newmont mining _ 212 n. Am. Aviation North Eastern Power 79 South Eastern Power 127 St. Regis paper Silica gel. _ Swift co 212% h i 127 stand. Oil stand. Oil of stand. Oil o trl Continental u. S. Shoe United it. Fow. United Gas vacuum Oil Niagara Hudson Cov wealth. S. Goi Maii Sachs Standard brands Marconi int. Mar. 20 28 a 25 24 i 212% 212% 14-51 79 cd 127 127 ibo i 185 i 185 m 130 i 53 i 52 20% 36% 40 i 04 51v. 288% 286 a 283 118 118 27% 28 26v. 26vb 24% Large increase in total assets. 29 130 53 20 36 40 84 55 36% 41vi c4 27 i 100% 03% 100 it 87 i 27% 31 it 36 361-0 36 i 13011 52% 20% 40% 04 52 283 113 2ta 2 3 to 100 i 31 a Calgary Oil Market Soi Lowa Mills and Ltd Calgary Oil is rect. 40 12% i open. Horii Alto fac. Cons. 420 42j Brit. Don. 78 7c Caimont-----_--------495 000 dalnoustc_________380 e80 devenish_______-----67 a g7vi Illinois Albertam 100 Madison 20 20 Mcd. Segur new _ 136 130 Mcl cod 360 mid West---------------63 03 resent--------------------32 Rozalue _ signal Hill Spooner _ United Vulcan Low 420 78 492 377 c1cs5 425 78 495 37t s7 100 97 23 1 j 2ij 13o 136 360 360 63 63 31 32 15300 15300 15000 15000 32 32 31 32 147 i 14t.l 147vi 115 120 115 115 05 95 93 84 u. S. This usury pts Goodyear Kelly Springs eld u. S. Rubber am. Beet sugar am. Sugar Kef Cuba Cane Groat Western Punta i Amer. Tobacco Amer. Tob. A cons. Congress Olsar Lorillard Mcyr quids stand. Corny l _ Tob. Products Llo a 1179 47 i 81 2 38 16 v 115? 183 179 1s3 170 i 183 l 179 179 ____68 i 08 it 66 23li so 66 13 i special United news despatch to fryc press try free 1 Russ private Washington aug. Net on August 5 was 935.97. Customs receipts for the month to the same Date totalled ?8.71s.800.00.dends in presenting the report to share holders the president j. G. G. Kerry says in part the falling off in re venue arises mainly from the difficulties attendant on putting into operation the new Mil in Toronto and the increased charges due to its construction but do rectify charged thereto. The new Toronto Mill was first turned Over in the Early part october. 1928, and is was gradually brought up in production until by the end of the fiscal year it was producing paper at the anticipated rate and with the expected economies. During this period of initiation there were the usual mechanical difficulties of be overcome and the usual High Cost of production to be gradually reduced to Normal figures. Gross production of the Mills of the company was tons As against for the previous period. At this Date of writing the Mills of the company Are in position to pro Duce approximately tons of Board per annul and at a Cost lower than the production costs at any time since the beginning the period of activity arising out of the great War it is not anticipated that the mar Ket will immediately absorb All the in crease in the company s tonnage but your directors expect that our three Large Mills in Toronto Montreal and eran Kotord will be kept Busy. No dividends were received this year from your subsidiary company Quinte and Trent Valley Power com Pany limited. The financial affairs of the latter company Are in Good shape your directors think it Wise that the Quinte company should alld up a substantial profit and loss bal Ance before declaring further dial on its common 700 700 2ouo 20jj wooo 750j 1000 2300 2501 2003 800 200 300 500 2000 500 200 500 5000 14500 100 500 3000 20000 1000 of avoiding the severe penalty which has been imposed on trading in the Stock by the new tax on shares. As the Market Price of the Stock has been in the neighbourhood of s cents for some Lime the tax practically made trading prohibitive. Mining interests in Eastern Canada arc watching with keen interest the outcome of the share reduction by Marmot there is a possibility that if it proves successful in its object companies in this part of the country May also consider the move. The Fabian fold across the Battle River. Fostir deep test Wells arc planned at strategic Points and the Derrick for the first Well is now under construction two Miles North of Fabyan. Leave to attend meeting of directors big to. B. 3-j. Sex ten. B. Kub Tva Barry holi _ Bathurst 13 13 o. E. Corp. 800 800 chemical e__1coo 1600 Commonwealth 105 105 cent. Man. 44 44 Clericy _. 9vi 9. Canam metals 130 130 Dalhousie Oil 375 375 dome________1060 1005 Duprat 7 in merest 275 bridge__1360 foot Hill 750 or. Bou sauce. B 27 hol Leriger a. _ 085 hawcy_______113 Home Oil h. B. Minlne_1775 int. Nickel _5135 j. Munion 5 Kirk. Lake___90 Koot poor. 16v4 Kirk. Prcm___0 Lake Shore _2600 malartlc_____24 Mandy --------72 Man. Basin _ 28 Mayland-----975 mining corp _ 425 Natur play 7 Merland oil___100 Neu acc 461 Noranda ___6275 n. Moffat h. 5v 270 Oregon cop. 24 Peterson 30 p. Orellle____625 Pioneer 42 Premier 180 que Mont 115 a Berrott Hiscoc __-___73 Southwest a. 510 Sud. Basin 890 std Coua Sylvanita 105 Sterling . 205 Teck Hughes. 825 to Limp. O. 15 Towa Mac _ _ 200 Vipond 825 Wain will Oil 33 w. D. 3vi Wright a 185 a. Mont so Marmot meeting to i ratify share reduction special despatch to the free Tress Toronto aug. Special of shareholders of the Marmot River Gold mines. Will be held in Van Couver on August 9. For the purpose ratifying a proposal of the directors for reducing the Jumber of shares in i the company. Plans of the directors i Call for the issuing of one new share j for ten of the old. The reduction Ira shares is contemplated with the idea obtain extensive holdings Wainwrigh t Oil Field interests said to be associated with e. W. Backus Are reported to have secured 17.000 acres in the whim right Oil area and plan Active development of their holdings. I the acreage extends 15 Miles Rico in c. Rice Jones. R. W. Craig. and George h. Stewart left Winnipeg wednesday evening for Calvary where they will attend n directors meeting n in your oils limited. A grave Road Honfi been to i he Glist River Field where company has a arcs the Contr not Laifi Al ready been let for the cellar bunk Louse and Derrick. Holdings of the company i chiding the Oost Elver holdings total. 2.300 acres. W. B. Bagley superintendent and g. H. 15 president and a neral Man Ager. Swim Winnipeg 30000 i 1000 6000 500 1500 3000 17vi s5000 4000 300 10000 2000 3000 1000 1000 20c pack the family off for a Day at the Lakeside come Down for the evening dance music by of files mandarins evening except sunday 13vi 13 i ass. Drug goods Gimbel s. S. Kresge Mont. Ward May stores munsing Wear Sears Roebuck Schultz to Shvorth Central Alloy Colo. Fuel . Case Iron a Amee. Steel pay Gulf Stales Otis Republic Vanadium u. S. S eel Crucible 48 i 3 of 84 48i.i 30 Rilli s5t 47 is 30 i 53% 85% c i 161 i Shiv v 160 Etui 83% 19h cd 133 52 68 52 68 Allied chemical Amer. Agr. Chem. Mathieson Alkali _. Davison chem. Dupont _ drug inc. Timber t liquid Carbonate Nal. Distillers it. S. Ind. Al. Union Carbide 20 -3 65 6314 65 to b51-1 Soli s5vs 46 45v4 4511 110 ill i 109 103 81t4 78 81 104% 109% 104vi 108 vib 305 308 302 i 307 i 57 i 48 191 57ii 47vi 192% 190% 190% is113% 112 112 141 i 143vi 140% 140% 92 80% 92 46 is 43 48 182s feb i Kwa 119 114 1155i 146 140 2781 Amer waterworks Brooklyn 50 a 58 Brooklyn Union Gav _ Amer. P Amer. T. Columbia Detroit Edison Federal Light cons. Gas and. Oil Oas int. T Lou. O. . Nat. P. Pacific Oas pub. S. N. J. So. Cal. Standard Gas Western Union Briggs Conti motors Eaton Axle Graham Paige Gen. Motors Gardner Hudson Chrysler _ motor wheel Aloon Mack truck Murray Nash Overland Packard. 93m 353 92 93 3o5 355 hour 55 69 315u 1011 301 55 15814 159 30 i 30 i 1131 53 53 in 67 a 67 a 763i 74 75 113 113 75 i 75 75 137 815 a 213% 62 72 13j, 84% 74% is 37v4 68 a 13% c2 25% 72% 42% 85 74% 51 34. I 63% 13 i 25 71 84 73 a 60 i ________89% 24 131 is 1334 22v4 53 76% Studebaker Stewart Warner Timken White yellow Strucic a Biclel 51 100% 89% 24 132% 13% 22% 53 a 7578 67 vib 100 36% 38 35% 61 25 71 8411. 73 a 98% 07% 88 i 88 24 130% 13% 13% 22 52 76 a 67 99 vib 40 vib 36% 83 24 52 7 6 a 67 100 40 a 371-b 50% a. M. Byers Amer. Can. Amer. Int. Corp. Anler. Radiator _ Adams express Amer. La for. Pover 145 All. Quit . 60% Aliis Chalmers 272 Armour a Armour b .----------5% Amer. Seating Amer. Safety razor Bruns Bailie Burroughs Nat. Biscuit Brown Boveri 125 127% 123 76% 73a, 47v 46 600 610 606 145 6514 50% 127 74vi 46% 610 .3714 133 a 65 Calif. Packing Corn products Continental can Collins Walkman Conco cum certain tech a. T. Case cons. Textile Curtiss Aero Canada dry Endicott Johnson Eastman blew. Power a Sec. Boat an. Auto Lite f p. G. Shatwick Fairbanks Morse foundation Fox film 40 i 64% 210 29% 76% 77% 46 i 2516 23v-1 63% 32 66 63% 209 29% 76% of 14 77% 401s 2 28 i 3445. 154 a 154% 15414 3914 89 u 83 a 61% 64% Slit 10814 198 Vav 137 80 i 80 i 78 10% 10% 150-s 160 92 92% 180 64v 201% 29 76% 97v4 76 46 23 Al 27vi 29 76 07 i 46 24 i 23 15411 88v 641ft 197 73 10% 10% 158v4 1331 9014 901 130 44 _ 3s-a 881s 87vi 3714 67 i 67% 66 66 42 9i 42% 42% 42ft 124ra 122 122h 62% 63 61% 617s 383 a 388 381 a 383 58 a we 13 famous players pre port Texas Ouilette _ Gold dust Gen. Electric _ Glidden co. H. B. Mallinson 18 a int. Harvester 121 12 int. Combustion _ Lvi 71 a 68% an 40% 49% 48% Johns mnnville____186% 187 a 182 r n n____________3s% 39 38 it kelvinaior___--------15% 16 15-j o coca cola-----------145 a Kroner 86v- Sava Lohn Fink 44 i 44vi. Loose Wiles _ 66 66 locus. 58% 58% int. Nickel so a Nat. Cash Register 129 Nat. Dairy prod. Owens bottle---------76vi. 77 g n. Ore__________296 pc Nick Ford 56vi Soli 55% 27 27 26 Postum 711-i 71-n ions Fathe. S i 3 radio corp. To 05% 33 it 18. 70. " 48a 182 3 15% 85 i 44 a 44% 64 64 a 58 58 50 50 126 126 71 to 76 i 77% "7 55% 26 i 71 m Al a safer tire at no extra Cost the Gregory de luxe perfectly balanced and Latex lubricated grips the Road with an anti skid tread cushioned with British Plantation rubber. The Gregory de luxe was designed by the Foremost tire engineers of Canada and the United states and is the Only tire built and tested for speeds in excess of 100 Miles an hour. Its straight Walls and rugged shoulders endure abnormal friction and ensure gliding ease and Safe transit at extra High speeds. A super tire the Price of an Ordinary balloon. Best Vires Are Gregory Gregory tire rubber 1926 limited Vancouver j a ;