Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 10, 1929, Winnipeg, Manitoba 14 i Uncle it co Confidence in Trie imm Ccu into future. British american enjoyed its Hon Vlist turnover of months the final Lii being while More than Liaf this volume changed Henris in Glrst two hour i. Of Trad ing. Prices soared with demand and before profit taking developed in the late gain was. Three Points Fly lick than. Thursday s close. The inst minute drop carried quo Cir tons just Points above the previous close. Canadian Oil displayed Strong tendencies close two. T. J i on 4. O 11 Points other oils were at the close of a frenzied Day losses ranged of Points. Bell lower International pet estimate loss of two billion quoted values Wall St. Stocks ing general in All markets in the world though London Exchange remained. Calm. Special United news despatch free press by free press private by Elmer c. Wal55eii Tinl Crl press financial editor York aug. 9. Wall Street s reception the Rise in the new York Federal Reserve re discount rate 6 cent from 5 per cent was a Selling that for a time threatened turn into a rout. Professional support and of orders sell stocks at the mar r initial dealings represented lists of bunched orders accounting Lor a transaction. Of shares in ale Ghany corporation shares in general motors and shares in such issues As u. S. Steel. Kenny Cost Anaconda american Telephone and Telegraph arid a dozen others. At the close losses ranged 30 Points. Auburn Auto closed off 193.4 general electric off 10 american and foreign Power off North Amerl improvement in Trade at Canadian credit Meir report mane fact users traffic is much As 15 20 Points around the lows of the Day. Al though quite a few rallied in the Early at the outset blocks of 0 shares were common on the shares oleum sold Clown 24 at one porn and closed irregular at Imperial nay just. Doubled helps fair thursday s volume at shares while ratio of losses gains Rose 1. Twenty nine issues remained unchanged Frohs an Active total of 05 stocks Trio utilities group wis the largest sufferer brazilian being a 3% Point loss with sales approximating the Mark. . Power was off . 2, Power corp. Shawl Olgan Canada steamship preferred 1. The last named Stock touched a new Lew for the year at 01. Beverage issues were lower with Honey Dew and Canada dry giving ground in Point proportions. Walker s fell Back slowly 011 heavy sales close 3-8 off at car lungs dropped i distillers Seagram and the brewing group unchanged. Canada dredge was weak and touch severe As some had expected in View the fact that the Rise in the Redis a Complete Surprise. Winnipeg stocks Par bid. 127. Iso so 103 listed an. Fir a Vojtis. Co. Can. Corr. Paper . 100 82 100g. I i. 100 72fi a Assn-----100 nor. Can. Mortgage nor. Mortgage part paid "20 Northern Trust co so 50. Pells sirs Ltd. Com. Standard trusts co 50 -30 w. Steel prod. 100 .37. W. Steel prod. Ild. Com unlisted Assoc. O. G. Co. 4.00 Beave Ivler co i. 105. Cd Blue ribbon i. B. A. Can. National tire Canadian indemnity Corr. Pape Monarch. Life North Star Oil a North Star Oil com. Reliance Grain co. Sovereign Lite 1 30 -1 22 52 i sur count rate nothing was said about the increase in age Loans but that was the i other de a new Low of Dominion stores dropped i. Lota Law s a b Ford of Canada was und or pres e and also reached a Low Point of issues close lower were for at More than Lull five hour Day. This regained their equilibrium and at the close the total was a Little Nore than shares the largest Dav since March 23. 1929. Simultaneously with the drop in the hew York Stock and curb exchanges jell a broke out in markets All Over the country and in Europe. Before the new York Market opened. London Amsterdam prices broke sharply. In London the Day was rather Calm despite the belief that the Bank of re discount rate might be advanced incidentally. Montague nor Man governor of the Bank of eng go financial land said that the discount. Rate not be touched this the first 25 stocks appear on the at the opening of the new York Market showed a depreciation of More than a billion dollars. These included _ famous players off 4, Page Hersey 1, Cotton sagged sharply but its action steel of Canada 1, Dominion Bridge was not traceable the Money mar 2 3-8, Hamilton Bridge tip top Ket. Incidentally Call Money was re tailors Deforest Canada lat ively easy but Bonds sold off sharply. The curb Market dropped with the big Board. Losses general in Toronto Stock Market losses ranging from o 26 Points the latter in Auburn Auto. Opening prices on the curb Market were just As bad and the produce Exchange produced loss of 5 Points which later recovered in full. Utilities were sharply lower. But the not so gloomy As indications Point Canadian preys despatch Toronto out., aug. Valu bread v4. Massey Harris remained unchanged Montreal Market w. Can. Flour Mills of. War 1931, 5 . 5 Victory s i . . 1937, Svi -. War loan Ren Ewal . . Actions of leading Favori Les were reduced substantially today s session of the Toronto Exchange which Spuria a despatch the free Tress Montreal. Que. Aug. 9. The unexpected increase in the new York Federal Reserve re discount rate gave the Market in Wai Street one of its severest jolts in history at the open ing Friday yet following the first Rush or nervous liquidation a brisk rally set in. And the Market As a whole appeared steady and recover from the Panicky conditions that prevailed at he opening. The break in new weekly Trade report of the can Achan credit men s Trust association limited for. The week ending August .10, is As follows Winnipeg manufacturing is reported Good. A satisfactory volume is reported in wholesale dry goods ladies Wear gents furnishings and boots and shoes. Hard Ware and builders Supply houses can i Western breweries a -.d. To Lune Busy. Fruit and confectioners Good. Tho Trade show an pm Oro vement duo partly . The increased tourist traffic. Collections quiet. A Lelna a fair volume is reported in whole Sale groceries hardware and builders Supply houses. Boots and shoes and dry goods rather quiet. Retail Trade is improving somewhat. Collections fair slow. Saskatoon wholesale groceries report a continued fair volume hardware fair boots and shoes rather quiet owing the crop situation at the present Tyrne placing orders Are being kept Down a minimum. Dry goods fair sales de creasing slightly fruit and confectionery report City sales very Good country Lair Good. Befall. Trade in Che City is quiet country fair. Collections generally arc in the City Are reported fair Good. Calgary wholesale and retail lines generally continuing show volume particularly in larger country districts slackening off slightly. Build ing Supply trades continuing at almost full capacity. Collections generally difficult make. Edmonton. Outside of the building trades whole Mcdougall Conns open High Low close 52 53 52 53 Asbestos com. Asbestos Jurd. Alta. ., Grain brazilian Ball Tebe Konc 180 . Power -01 by. American Oil _ of Brompton 44 prod. 34 Canada brewing a. Canada. Bronze "3 Canada. Car 120 Canada car pad can. Cement -5 can. Cement j i can a d. Paper 3o Cihi. Ind. 23v can. Steamships 34 can. Steam Al Cockshutt 50 54 i 44 120 34 23120 26 34 24 32. 5onvfnion Bridge Dominion Glass Dominion textile Taser 32 Hamilton Bridge 54 ins. Imperial Lake of the Woods Al i Massey Harris com. 53-.1, Mccoll Frontenac. 40 Montreal Power -----133 Nat. Breweries -------139 National steel car. 81 Peter Lyalin Price Bros. Power corpii.--------123 Quebec Power Ujj Sou Canadian Power 48 smelters steel of Canada Coin. 100.35 100.50 94.00 _ 34.75 04.bo 05.25 Bonds arc for 95 .51v4. 54 so 40v 135 139 81 22 i 35 54 29 i 40 132 120 90 Winnipeg elec. Com. York found reflection in Tho Market Here but in a very less severe . With the Fine resistance shown such 1932, ism 19-14, 4vii. . 1940 a . 1948, 4h .________ quotations on Victory sales. Crescent As 08. Western steel at Manitoba at 25 i ass. Oil Gas 330 62 83 70 83 95 51.v1 54 49 40 33 13sv, 120 30 v 97 60 noon ii is stated meet Llic demand for. Coal from those living in apart ment houses who can store fuel in Small quantities. Active Trade in mine Section local Exchange trading was quite Active on Tho Stock Exchange in Friday s session. Manitoba Bridge continued the Active Leader showing .4 firm Lens ency at 34 change from yester Day s quotation. Approximately of chares of this Issue turned Over m the session. Seventy five shares of North Star common appeared u a Down Cue Point from last recorded. Sales on aug. 1. Twenty live of Tho preferred also appeared at change from previous closing. Western steel scored a gain a Sinida Trade being mud 4-1. Crescent Creamery was slightly Sisir at 98. And Winnipeg electric preferred was firm at the Mlivic Section was by a heavy Trade in Shemett and an Tonio. The former was Down 10 Points in sales of shares. San Montreal curb Osier Hammond i 25 at 25 at Norto Star Oil at -5.60. North Star of at 25 at. Winnipeg electric at 1 104 a. At 100.40. At 100.95. 3000 at 100.60. 1937, s Al at 104.23. No session aug. 10, 1929. Mining Section listed c. E. Corp. Unlisted Amulet salers report business below average Amulet _. And collections big m Litso Strtt Vanciu e r manufacturing continues Good. Wholesale hardware and gents furnishings Good groceries fairly brisk was a duplication of the break Regist pressure As was bound develop be oods boots and shoes fair ladles Virv n Mivins intr inn As a reflection of sound in i in. Retail ered at new York but much Milder dropped sharply also the As gloomy As surface indicate ave afe drop in Mere than 5h. ,0 1 and whee new Lork account decline rails went Down with j tremendous recession local 1 form. The Day s financial picture was not loom As surface indications paint. To suffered dec the rest of the list in the Avalanche Well absorbed. Osses were which indicates an Protection plus profit a Gigli degree of Protection combined the is afforded inv tors who Purchase the Stock of an investment Trust of the orthodox British Type. Because the Stock of Dominion scottish investments limited is offered in units combining and common shares the investor has a certain part of his investment safeguarded by the fixed yield on his preferred Stock while through ownership of its common shares with their possibilities of increasing dividends and Market appreciation he participates fully in the profits realized from the successful operation of the Trust. Rite for a copy of our Booklet do.mi.mon-scottis1i investments limited Green Shields co investment Bankers members Montreal Stock Exchange 17 St. John Street Montreal mount lot cd Tuata Toronto Quebec Ini taken As n reflection of so it relying conditions in the Canadian Market and a recognition that the development in new York does not greatly change conditions surround ing the Security Market at this Centre. As the effect of the rate Rise on the Wall Street Market there appeared Many conjectures but in authoritative quarters generally there was Little Ells position development in a particular pessimistic Light. So astute and Well known a Market As col. Leonard p. Ayres vice president the Cleveland Trust Wear slow but picking up. Retail Trade both City and country reported 3 s fairly Good. Collections slow Lair. Bill Dilig and construction continues briskly while lumbering and logging reported As being fairly satisfactory. The fishing Industry shows indications or a Good year. The fruit crop also re ported As being Good the camping season is showing signs of drawing a close and campers returning their. Homes in the City which will have the runner Basin Oil tendency improve local buying. The sales company stated he believes there probably will be no serious results from the increase. He continued Siv that it was a belated act a that was expected some time ago which bears out the policy of the fed eral Reserve system keep the Redis count rate Between the com paper rate and that of accept and add that it seemed Likely that this move will have a tendency stabilize the various rates and May reduce the Cost of Call Money. Tho heaviest Selling Here was naturally directed against those issues which in Joycel the greatest advances and attracted the widest Fri lowing in recent markets but in hardly any Section of the hat did Selling assume serious pro portions volume of trading showed a. Substantial decline from the Precell iric Day and at the close the average Cen ral Manitoba dome hol Laker Hudson Bay International. Nic icel Lake Shore Mandy Manitoba Basin Mclntyre mining corp. Noranda. Pend Oreline san Antonio Sherritt Gordon aug. 9. Bid asked 8.25 8.50 2.40 .40 1.60. 1.30 .43 10.60 ass. Breweries ass. Oil a. Oil Canada dredge of Pete lib Canadian victors _ 18_ Canadian wineries. Canada malting Cai lines brewing dal Housle qom. Eng. Dryden paper foreign Power Hydro elec. Home Oil Imperial Oil tobacco into. Mil. A a into. Pete Lake sup. Cd run. _ 24 Manitoba Power 8 mines-----015u Paiga Mersey la Pili Ecton Glass Reliance Grain steel products i5 Wall Well Oil. H. Walker co. Open High. Low close in in in 28 400 390 36% 54 s3 03 120 110 18 18 26 390 54 63 120 a from peaks in Montreal list gives a cock account ourself. Under new. York. Brazilian declines Canadian Tress despatch Montreal aug. From their peaks and gains of other recent favourites vanished today on the Montreal Stock Exchange when hundreds of nervous investors ordered their brokers unload at. The Market following last night s announcement j of the Rise in the new York discount at cd corp. Was 75 despite the crumpling of the Points in a Sale of a Block of 100. Shares. 1.4. Plants engaged in making explosives rate nov York markets Early in the Day. The local Market experienced anything like real panic during the first thirty a mites of trading in the , and first hour when Early sales had absorbed a Strong rally developed which materially reduced Early losses and at the end of the Day while the great majority of stocks suffered losses. Experienced Market observers saw no great cause for concern. By far the outstanding feature of the Day was brazilian traction which opened with a five Point loss Over the press Otla Wii onl., aug. Of explosives ammunition a rework and matches in Canada during 1928 was valued at As compared with in 1927. This total included the output of 14 plants or which 4 manufactured explosives 3 made ammunition 4. Produced vre 3 manufactured matches. Us Jeuhu 7 works and 3 manufactured matches previous aay at 67. But in the ensuing employed in these plants rally gained 2- 69, a net loss for the 1 Emolo vecs num Sudbury Basin _ Teck Hughes ventures Wright Commonwealth Pete. 40 40 40 24 24 24 78 78 73 Albu 60.13 138 13t.j 30 45 i 34 30 44 34 18 30 45 34 18 tourist traffic is picking up consider ably and it is anticipated that the. Vancouver fair which is be opened this week will bring a considerable number More the City. St. John wholesale Trade is seasonably quiet.1retail Trade is quite Active tourist Mercia business being very satisfactory. Col Aptt aces sections just Lair building pro stocks showed a decline of 1.25, while looses Price of Twenty representative 0.-amme in the City of St. John is the bust for Many years. Construction now under Way approximately eight million dollars. Quebec ally a fair volume is reported in whole Sale groceries and hardware lumber and tobacco Good dry goods Dull boots and shoes Good. Retail Trade generally is Good. Collections Good. Montreal wholesale groceries maintain a Satis factory volume. Dry goods quite car. Ive boots and shoes clothing and ladies Wear in fall arid Winter lines Are in fair demand. Hardware Cort j very Busy retail Trade Gen ally i Ciao of Points. Total sales of Bra Zilian were shares. Nickel was next in activity with sales in 25.306 shares and at the end of the session had declined Points 49 4. Shawinigan dropped 97, with shares changing hands. Other stocks decline were Praser general steel wares National steel car Canadian car issues Winnipeg electric British Columbia Power Power corporation and Montreal Power. The notable exception of the Day was Massey Harris which advanced a. Point and a half 6v the papers with the exception of Abi Tibi. Which dropped 3 Points 52. Were quiet with very few sales and prices for the most part unchanged. Total sales amounted shares Bond sales new method in Coal Dromi Flieller new method in shipping Coal was. Instituted Here recently when a car of Coal was in add at Wayne packed ill air fight bags i totalled employees numbered salaries and wages Murit de and Cost the value added by manufacturing was crude. Oil Sih is in Calgary .altu., aug. 8. Kalta number 2 was reported Tirl Liing at feet. Crude Oil seeping in from higher Levels reported be stand ing 700 feet in the Hole and Malcuna drilling difficult. Of attn. Number 3 was standing at feet during re pairs machinery. Number was drilling steadily it so feet. Okarita number 5 is expected Spud on saturday. Sta Irish new Ivar Carmun import Ance of Letha red go As a distributing Centre for Southern Alberta is Given by the recent establishment of a new warehouse for i lie Goodrich tire j holding 50 pounds each. Other a Qiu 3110 will be shipped Winnipeg and c. 3. At. 8.25. Sudbury at 3.90. Regent at 55. Sherrill at 7. Soo at 7.75. At 0.60. Pabi in at 12. Sar. At 300 at 13 300 United at 1.16 900 at. 1.15 Calgary Oil Market Solloway Mills. 4 co., Ltd v August .9, open. High. Low. Alta. . Cons. 420 425 420 422 lit u9 n o a i by a 178 at 200 at Siva. 400 at b3 i. 100 at 125 at 70. 1200 at 70. 4o a. 1c, 100 at 69h.i. I. 75 at 51. 25 l 250 Al 34. I exceed gains by 35 8. Linx Ivian brazilian continued be very much j Eranuy reports satisfactory volume the most Active Stock in the trading connections. Wholesale very Good re on the Exchange with shares dealt in which was Little Over half of the total rolled up on the spoil investment Bankers Many successful eau Prises have amply Demon Sira Ted the profitability of Western Industry. A number in industrials on the stoe1 offer opportunities i a ti1- Are Worth v of . United 272 Portage ave. And 564 Grain Exchange. Phone 80 391. Previous Day when the Stock was scor ing its robust Advance of Over five Points. The Stock met a heavy volume of Selling in common with tue Narket in general on the Surprise announce ment of an increase Ivy the new York Reserve re discount rate Selling Clown 07 shortly the opening and later rallying 70 with the close at 69 representing a net loss of the Day of 3% Points. While the action of the Stock today was entirely in response a Market situation which sent prices tumbling in All sections the situation surrounding the Stock. Re Mains unchanged., with. up i _ tinting evince great interest Iri the source of the recent Large scale buying. Which is More arid More being Attri buted new York sources. Desrmts1 denials from official sources of Tny knowledge of an offer being made for control by a leading Utility holding company the belief of Many in. The Street continues lean in that direction and appearance yesterday in the i new York Herald Tribune of Art item making announcement of a Deal be i tween l. T. And t., the Isle Carlo Bond and share company and brazilian i traction created a great Deal of. Inter est although despite its very definite i wording it was greeted with Soma scepticism. The news item in the new York Herald Tribune which is couched in most ctr Cholte language follows culminating lengthy efforts by the International Telephone and Telegraph company and electric Bond and share company acquire the Power and Light traction and Telephone proper ties or the brazilian traction Light and Power company limited it was Learned yesterday from connection of the two former companies that be Cotler talons had progressed a Point where a satisfactory agreement for the Purchase of the South american company had been reached. Under the plan As was reported both Here and from Rio de Janeiro Brazil the Telephone properties would b e acquired by the International Tele phone and Telegraph and the traction and Power and Light properties by electric Bond and share. The terms i and Price Are not available bit it is known that former efforts obtain the company failed and the Canadian interests which own a substantial amount of the Stock have Sec Price on their Massey Lii urls. Tail improving. Toronto wholesale Trade Iri most lines Brit. Domin. A Altmont Dalhousie Devenish great West Illinois a Oei Madison Seg. Mcdoug. Seg. Mcleod Mill City _ Kalta pad. Slana Hill Spooner United Vulcan Mayland 81 is 499 490 490 _______382v " 385 385 65 65 65 65 40 40 40 40 1. 100 102 i 100 100 31 35 31 34 new 145 145 exp 370 375 370 375 485 510 485 495 860 890 880 590 Gen. Steel 100 at .35 Mccoll 2oc i at can 75 at 35, 25 at Brompton 25 at 44. Al Lovvo. 430 at 103. At 107, 125 at 10.8, of at 109. Hamilton 125 at 54. News for investors associated breweries steel of Canada Massey Harris Lake Superior Winnipeg electric Hinde and Dauch Way Adamack Falconbridge Bell Telephone As a Are Mun s lev Silica fool is first. , inc Frio l iry must a in of nazi d us indies ii a ? in ships in Nigist Jikit Iii so i ulc Leinani Fence i Hoy Basic life _ 32500 32500 32500 32500 15000 15000 15000 15000 ____33 33 33 33 141 i "5 116 120 lie _____95 95 95 _ 1000 1000 1000 145 116 05 1000 Normal. A of houses Are receiving and preparing their orders for the exhibition also for later fall de livery. Orders present delivery arc mostly of the smaller filling in Type. He tall business has kept up Well. The Trade is heavy and. Dry goods sporting goods groceries Candy and confectionery tobacco esc., have been Good demand. Collections fairly Good a i hires failures under the bankruptcy act As disclosed by the Canada Gazette for week ending August 3, 1929, show an increase being 1b28, 18, and the whole period of the year arc 1928, 899, and of 1029, 972, an increase of 73. Toronto stocks Osier Hammond Abi Tibi Brit. An. Oil 54 Kanton August 9. Open High Low Clos 53 53 50 a 52 brazilian Ecil Telephone Liuva. P. b. C. Packers 53 08 70 14 is 175 177 175 63 53 03 23 23 i 23 ill 50 at 133. 225 at 135. National 50 at 139. National 100 at 81. Quebec 25 at 25 a at 9t.i, 70 at of 210 at 95775 at 98. .125 at 75 at 100 at 62. 50 at 70. Amati -5 83. Sales Froni d . To ii. 3d. 50 at 5231 25 at 25 at 52u. Staff photographs from flin flon Mandy Sherritt Gordon Chuin store Ili Zinz is economic solution 01 fills Pri at business . It for hourly by omit pc it in basically sound. Human necessities special articles on wheat and on the business Outlook this Ivecek in Anil Ilic in nil will Iii a it. Him Ortun Ity you Wotila caix1 u-Juv-11 such an up Poi Lucily write phone 33 12 output of Ink and Dye factories increases cons mining i s 390 390 can. Wineries 6 la cons. Bakeries caring a can. Gypsum Cosmos. Imperial Durant dist. Seagram Dom. Stores Ford a Goodyear Tiro Home Oil Hiram Walker Imp. Oil Imp. Tobacco int Nickel life insurance estate has been created for a definite Pur pose but have Yon completed your plans by making certain of reaching your the Northern trusts company Regina Winnipeg Calgary Canadian preys Deptuch ottawaont., Axil. From the inks dyes and colors Indus try in Canada during 1928 was valued at above the value reported for 1027, according compiled by the Dominion Bur of the 28 plants group they were distributed provincially As Fol lows Quebec 6 British 3 and new Brunswick i Cap Tai employed was reported at. Employees numbered 437 salaries and wages amounted 373. Imports of dyeing and tanning mat Frlajs into Canada amounted in value imports of print ing inks were Worth writing inks and mucilage and paste foreign Exchange the United states Dollar was quoted at. A Premium of one half of one per cent. The British Pound was quoted at. S4.87 Normal Price without Bank charges 2-3. The following quotations Are in cants per unit of foreign currency f Par today s value. Price. 14.00 11.a 8 26.b3 2.54 int. Petroleum Loblaw s 21-Vo Harris 53 Moore corp. 30 Paige Sci Scy 133 175 63 23 390 390 a i 33 31 31ta 12 a 12 12. 17 118 116 110 231 23 a is a 15 a 1514 _ 16va" 16 a i _ 48 48 45 _ 45. 45 _ 325 325 325 325 2310 2320 2310 2320 Ibl a 18 is 29 a 29 50 24% ova 50 24 43 24 20 53 30 137 24 it 21 53% 30 137 5 4 a 30 138. _ 30 31 ____65 65 65 65 steel of 62. 62 60 60 oath by n 300 i 39614 i ital 100_al can. B. Of come _ 300. 308 300 300 Al "123 at 68 i .45 it 681i -200 at 100 at 50 at 125 at 32. At 54. Inri. At. 40 at 23 27j 50 200 m. 150 60 50 at 225 at m a 350 Alt 431s 250 at 150 at 175 at 40 i 100 at 25 at 75 at 100 at 4.0 a 225 at 230 at 54. 25 it at 135 25 at 290 at 133 50 at 133vi 75 Al 133 at 133. National at 130. National at 81. Power it. 100 Al 12 news stands Loc subscription Price s3.00 u year Sample copy on request 143 University avc., Toronto. Limited s03-4 electric railway 25 3s1 photo engravers pure Gold mfg. Service. Station 30 30 "5 at 121 25 Al 120v1 275 at 120 125 at j 120u 150 a 121 125 at 50 at Dir wit. An. Of _ Dominion Bank 2-13. 243v at 250 at 33 25 at 50 at 96 65 at new York curb close Osier Hammond Nanton Ltd aug. 9. Open High Low close Allied _ 86 a 88" Tsvi ?714 so at 6 Chi. 25 at 75 96 a 7s at 96--.-. At i 25 at 78. At 83. Sales Froin 11.30 till close. At 100 at 52, 100 Al 53. A can. At 34. Brazilian at 150 at 25 at 725 at of 50 at Amer. a. 6u-4 Alicr. Super Power. Continental Oil 17 .4 elec. Bond share 132% 135 Ford motors of can. 43 pox theatres. Gulf Oil Humble Oil Imperial. Oil int 58% 17 a 55v.1 60% 55v2.4 42 i 42 be i 116% 29 Petroleum 24 24 24 Newmont i High _ 205vs 205 205w 205 n. Amer. Aviation _ 1401 1.414 14 it so. Eastern Power 130 .130 St. Regis paper. . 180 1bo 110 a 176w stand. Oil of . 52-% 52% stand. Oil of 21 i 22 21tv. 22 sep old. Oil of 35s 35 s 3551, trl 45 a 49-.s in. It. Power _ 80vi 48% in. Oas 267% 273vo 267% vacuum Oil ____115 it Niagara Hudson 25% commonwealths 24 a 24% 23 a Goldman Sachs Iota Marconi int. Mar. 34 cities service per. N Road Brawl Liuji Milreis 54.62 danish Krone 26.80 finnish Funmark 19.30 Massey Harris gave a firm Price Dis belgian 13.90 Plav in the face of a generally easier Market closing 114 Points higher at. Which made its greatest gamer the Day s list. A steady demand from London is apparent in the mar Ket for this Stock 3n Tho past week or two and today s is sue was credited with having emanated from that source. It is pointed out that less than a Quarter of the company s business comes from the Canadian West and that expanding business on a substantial scale is. Be French franc .19.30. Gennan reichsmark 23.82 greek drachma. -10.30 dutch 40.20 Indian Rupee 48.00 italian lira. 19.30 norwegian Krone 26.80 Spanish peseta 19.30 swedish Krona. Ing experienced by the company in other sections or the world where it operates. International Nocke did. Not escape from the Avalanche of Selling that the Market in new York and Points lower on the loca.1 i Market at 49 with shares dealt in. Compared other stocks i in the same category and enjoying the Swiss 19.30 11.31 40.35 36.30 5.26 25.86 14.74 27.01 19.40 Standard brands _. Pord or. Eng 107 be 34 16 4c a 44 vib lil i 36% 35% Ali 17 a new York sugar. Clark. Martin i co Jiin. March May july 2.17 2.-20 2.23, 2.2.6 2.30 2.32 2.35 2.39 aug. 0. 2.04 2.04 2.j6 2.16 2.17 2.18 2.23 2.2 2.30 2.30 2.37 same breadth of Market the stocks can be regarded As having Given a Good account of itself and reflecting the greatly improved technical position that Lias accrued As the result of the steady Stream of Selling by tired hold ers in the past few months which Stock it can be reasonably assumed has been going into much stronger 150 new companies reported week aug. 3 1 Canadian press despatch Toronto out., aug. Companies the number--Ofi-150i authorized capital were reported Trie monetary times Dur ing the week ended aug. 3, 1920, As compared with 90, with a capita Liza. Tin of for the correspond ing week of last year. From week ended Jan. 6.m929, week ended aug 3, 1929, there were with 360 of. Capital. _. Some of the losses , extent of. The de the leading issues United states steel dropped .87.37 a share or. An aggregate decline in Market value of approximately general electric with., decline of sagged 200-Iri Market value. General american Telephone consolidated Gas. . Central Westinghouse North american at 69 i 825 it 350 at 69. 75 As 6914, 700. Al 69, .185 at 175 at 150 at 68vi, 75 at 2s at of i. 75 at 75 at 69, 385 at 875 Al 88vi, 650 at 1050 Al 60, 675 at 575 at 63 can. Al 120, 25 at 120. Cock Shutt at 32. Can. At 26. Domlin. At 108, 100 at . At Hamill on at 54. Industrial at 24. Inter. At 49 a. 75 Al 25 Al. 00 at 49 a 125 at 25 at Ali at 75 at 105 at 40h. 25 at 50 at 2100 at 48. Imperial at Lake of the at 25 Al 53. Massey at 54, 30 at 53 i. 200 54, 200 a l 54 i. Montreal at 133, 75 at 100 at 132. National Al 133-Li. National at 80. Peter at 22. Power at 120 at 120, 100- at 120. Quebec at 3014. 125 at of i 25 at 91. 600-. At 90. 25 at we 350 at. 9614, 50 Al 125 at 97. Winnipeg at 7sv4. M13 j a Market Mcavera Winnipeg gain Winnipeg Slode 36, we solicit conservative mar Gin accounts based on Pur chases and sales of wheat and coarse Grain futures Huron Erie bldfl., 232 Portage Avenue Winnipeg Curk Martin associated press de snatch new York aug. Steady electrolytic spot and future 18. Iron steady unchanged. Tin easy spot 646.62 future s47.25. Lead steady spot new York East St. Lou is "s6.55 i-3.00. Zinc steady East. St. Louis spot and future . S6.80-. Antimony s8.s2. At Copper spot 10s future ,7s. So electrolytic spot 5s future 15s. Tin spot future Lead spot 6cl future Zinc spot 10s future 17s 6d. C. A 31. Earnings. Press despatch Imo Trual aug. Gross earn Lings of the Canadian National railways for ending aug. 7.1s29, were As compared with 318 for the corresponding period of 1928, or two per cent. Investment securities bought and sold on All principal exchanges private wires connecting Toronto Montreal arid new York. Experienced advisory service at your disposal Tim established 1883 investment Bankers Nanton building Winnipeg Telephone 87 301 ;