Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 14, 1929, Winnipeg, Manitoba 16 Manitoba free press Winnipeg saturday september 14, 1929 Oney and business Trade conditions in Western cities continue satisfactory Canadian credit men report Normal wholesale volume in Winnipeg and increased Confidence at Cal Gary Edmonton and Saskatoon the weekly Trade report of the groceries hardware boots and shoes Canadian credit men s Trust Assoc la Good gent s furnishing fairly Good Tion. Limited ror week ending indies Wear quiet. Retail Trade Lor Isabel 14, 1929. Is As follows i City and country is reported As being trading interest has shifted for the time being to other Market leaders notably Nickel with the result that Stock has had to Bear a Good volume of Selling attendant to switching operations it has met with a Good demand with buying of an investment nature at Levels not far from recent highs attracted by the Fine earnings of the company achieved in the lace of poor conditions in the country in which the Utility operates. Purchasing Power of canadians increasing Trade generally i sports a Normal volume. Retail Trade fair the cooler weather has stimulated sales in fall and Winter clothing to some sex collections slow. Building and construction continues actively. Brandon wholesale groceries fair to Good. Fruits and confectionery report fair volume. Collections fair. Pc Fruno wholesale grocery sales Are reported Frood. Dry hardware and boots Ana Rhoes fair. Retail Trade generally Cair slow. Collections fair to slow. Saskatoon a considerable improvement is re ported in Lales of wholesale boots and shots groceries fair to Good hard Ware picking up a Little although not such a volume of business As Lasc year fruit and confectionery Pood oils and i Sollic very Rood. Trade in the satisfactory. Collections generally slow. Building and construction continues Ripe Day likewise mining. Fruit crop reported As being very Good. Employment situation Normal. Halifax wholesalers and retailers report fair business. Collections Normal. Saint Jolin wholesale Trade reports satisfactory volume. He tall Trade Active. Collections fair. Quebec City a Pood volume is reported by the wholesale Trade generally. Retail Trade Good. Collections Good. Montreal wholesale groceries dry goods and ladles Wear Good boots and shoes re port Good volume in fall and Winter lines gent s clothing Busy. Hard Ware me building supplies continue site picking up. Country Good. Thresh-1 native. Retail Trade generally Good ing of the crop halted on account of collections generally fair. Statistics show Cost of food and rent rising Canadian despatch Ottawa sept. Increasing purchasing Power of the Canadian people is demonstrated with a con alter Abl degree of accuracy by the various indices compiled by the do minion Bureau of statistics. An analysis of such indices issued Dur ing the past week discloses that the Canadian housewife is today Able to pay 5.3 per cent. More Lor the family s food than a. Year ago. Rents have also increased 2.3 per cent. In the pest year probably due in part to the desire for better and More modern Homes with More up to Date conveniences. This View is borne our by the. Fact that building construction this year has been on an unprecedented scale. Building permits Lor residences issued in the past month have aggregated eleven and a half million dollars and. Permits were issued in. Urban centres in july Lor residences. While Able to afford stocks rally at new York after erratic display Seal stocks Market closes Strong following period of Money eases to 7 per cent. 3romploii___ building Prtrt. Canada brewing Canada Bronze Canada Gar com can. Cement com can. can. Indus. Alcohol can. Steamships can. Steam old Cockshutt Dominion Bridge Dominion Glass Dominion textile famous players Fraser Hamilton Bridge int. Nickel Petroleum Mcdougall the open High Low ________32 53 51 9% 4 i 61 66 170 _ _ 44 t 3534 a 13 is 71 138 127 Asbestos com. Aha. Pac. Grain 41 i brazilian i sell Telephone Brit. Am. Oil. Close 51v rain Lor my eral Days. Cutting about 75 per . Completed. Calgary and retail general lines appear to have taken an Deviti the past week and volume in practically All lines is a fill a Howins signs of improvement. Build ins Supply trades still Joling at Lull capacity. Collections As yet have not Eho in much of improvement. There s not an increase in volume Over this week last year whole report increased Confidence in conditions business a. Little better than anticipated and returns from tract Caily All districts Promise better conditions than expected. Collections b Little better. Vancouver manufacturing Good. Wholesale Toronto increased luxuries of Are today investing life. Canadians More of their wholesale dealers and manufactur-1 savings in life insurance and govern ers of furniture electrical and radio equipment dry goods boots and shoes and farm machinery Are Busy. There is a Good demand for Nearl Yal retail lines and school supplies clothing shoes and hardware Are Selling Well. Collections Good. Employment is Well maintained in most lines. Although the automobile Industry is still quits Slack. Building remains at High icel with the Conse Ciment demand for labor and builders supplies. Failures failures under the bankruptcy act As disclosed by the Canada Gazette Lor work ending1 sept. 7. 1920. Are 1928 29 and 102b. 62. A decrease of 3. Fig ures for the whole period of the year to Date Are 1028. 1926 and 1929. 1.102, and increase of 76. Montreal Market notes ment annuities than they axe also investing Over before. Portion Ai their stocks and Are savings in still a larger pro Indus trial a sept. Of Arr Long the real state of the i la Tot the by Al lieu c. United press i Nincia Koltor new York traders regard. Us Muncai Hammond Nanton 13. High Low common Edilth Pete us Canadian victors__27 Canadian wineries 7 Canada mailing. 22 to retain i changes by examining i he pm aggregate sum Oliu i issues. United states steel Rose Cash in. Canadian Banks. Indicative of the increasing amount of Money Public in. Received by the. Canadian the form of wages and special to the free Tress Montreal. Sept. 13. While the a mar int in new York Friday was blow i a highly bullish Atti alternately hot and cold with a tude toward this Stock in the Street robust rally under Way in the last in. Today s list Here closing higher a h4. With trading in 1.440 shares the Stock has Given a Good account i of itself in the recent unset Lement. With a Good demand developing on any dip. The very evident Prosperity which the company is now enjoying con salaries reports of the manufacturing industries of Canada for 1927, the latest available figures show that persons were employed in these industries receiving in wages and salaries. This was an increase of nearly in the number of persons employed and an increase in the pay Roll of More than Lorty million dollars. Statistics of manufacturing Indus tries of Canada Lor that year show that the aggregate production totalled nearly three and a half billion Dol Lars in increase of 5.47 per cent Over hour the Market on the local Exchange was pursuing an irregular course with the close finding losses far in excess of gains while average Price of 20 stocks declined .45. The strength and activity of inter National Niche held the Centre of in Dereef. Here while the list As a whole moved within comparative narrow Price limits and continued to reveal a hesitant attic Side on the part of Fol Lowers of the Canadian Market await ing a cleared View of the Market Situa Tion in Wall Street. Canadian celanese Canadian celanese issues have been recently Strong features in the trading on the local curb Market the prefer red moving up approximately thirteen Points in the past week while the common has advanced about seven Points in the same period. Current operations of the company Are reported to be of a highly encouraging nature with this the first year in which the organization has been Able to take Lull advantage of its equipment. Dominion Bridge with Many quarters confidently looking Forward to a Bonus declaration on the Stock before the end of year. International Nickel while the Market As a whole was giving irregular and in the main easier exhibition. International Nickel came into heavy buying demand after an Early appearance of dullness and old up to 56. With the close at representing a net gain of a Point the Stock was by far the most Active Here with 39.876 shares dealt in. While renewal of buying appeared to emanate from nov. York the local Market was Swift in following the Lead and the demand appeared to be of Broad nature. A greatly improved Market position acquired by the Stock in recent months plus the very constructive news that is received regard ing the company s developments and its current business Combine to create a growing bullish Ness on the Street the Stock. Brawl Lynn brazilian failed to develop any new Market characteristics coming second the previous year. Invested capital in the industries which re ported increased in Ona year by nearly nine per cent., to commercial failures dropped of and closed up Point. Westinghouse electric covered a Points and closed 250 b. C. Packers 115 27 1 22 305 _ 29 Eastern 47 Hydro Ericc. Ciu i 1. Home Oil "2000 impel in Oil 38 leading Lake sup. Corp. 13 i to Imperial tobacco ii 11. Petroleum 271 24 i 235 240 613v, pm lines brewing Dalhousie Oil Dryden paper 305 23 115 27 7 22 0 305 nge of nearly ten off a Point at 256. Allied chemical Rose to 202 from 304% and closed at up v american foreign Power Travelli Al Over an arc Points Ned closed in Day 17914. Up -10 4 Mitchell. R. Pc co Nat. Distillers. Ina nor Narja mines ____6100 Hersey tubes. 135 135 perfection Glass 2we Stern Sti cd prod. 50 Wain do Oil Walker h. Co 17 u 45 73 1900 38 13 10% 27 i 0000 135 86 i 21 115 27 7 22 a 306 47 8.1 19uo 33 i is 11 Beasoc. co_______100 127 can. Fire 3ns. Co. 50 103 can. Pac. By.___________100 227 Crescent Creamery co. 100 of. West life 100 750 Home inv. And Sav. As. 100 75 nor. Mort., part 20 nor. Trust co._________50 50 Peliss lers Ltd. West. Steel pro. Ltd. Old 100 i West steel pro. Ltd. Com i As. Oil and Gas heaves lbs. Co 100 Beaver lbs. Co. Com 100 Blue ribbon pfd_______50 British Amer. Oil_____25 can. National firs 50 Canadian indemnity 100 Cor. Paper Box com Man. Bridge and Iron North Star Oil ____5 Nodah Star Oil Coin 0 Reliance Grain co. Coin United Grain growers a 25 we turn breweries Ltd. In West. Can. Flour m. Pad 100 West. Grocers com was. Elec. Co. Ptd____100 listed c. And k. . War 1031. 5 1037. 5 Victory 1333. 5v" _ 1834, ii a 1b37, a wan loan renewals 1032. 5vi refunding 1943. 5 1s44. 1940. _ .1948, 50 230 505 35 1-2 u 103 2 104 130 51 5 37 i 240 40 i 5go 21 losses exceed gains in weak Toronto Market i ment. Car loading. Many others a expansion of the past few been general in Al of and that the present Prosperity of i country is on an basis. A comparative of corresponding indices states suggests that the rate of pro vement in Canada from i32g t0 has been five to six times As u3.-so 101.50 100.50 104 .7i 100.00 95.75 95.75 95.75 100.60 100.50 103.25 s its several of less. Active issues move against general Abi Tibi Strong feature press Des Palco Toronto. Out., sept. 33. Depreciation was widespread on the. Toronto Exchange boards today. Taking in Many or the better class securities. Will e several of the less Active stocks were Able to move against the general trend losses outnumbered gains on a ratio of almost three to one. The sum Mary standing. 24 gains. 62 losses 36 unchanged. Prom this it will be hot trading broadened to take in 122 that which has occurred in the amt states. Although Rema the most important of country yet the diversity if eco non production has by coins that i he disaster to the wheat not expected to produce temporary setback to Canadian Bush a Ness. Stock. But the volume centred Princi Pally on Nickel this Shock turning Over she rout of total trading of around. Shares. Nickel gave evidence Bonds an for denominations. Sales at 100.15. At 100.50 50 at 100.50 Manitoba a. To at North Star Oil at 5.50. North Star Oil at 21 25 e 21 25 at 21 75 at 21 100 at 21 traders building it 105 Western it 25 at 1425 35 Flat at 14 is 25 at 25 i Mvi. Ill mining Section listed Section 50 22 50 22 n Montreal sales Mcdougal t i of More than 31 its High Lor the Points. Columbia Gas was a feature of the utilities rising 13 Points net for the close at 116, after having made a record High at other sales for Trio first hour were Strong with United corporation at 52.___ featuring the entire Market in activity. Erac Moi Tracuon-300 that Issue had sales amounting so at Givs. 270 at-67. Shares. Radio corporation and 5e l at 170. Columbia Gas had sales of More than i c. And e. . _. Unlisted is Abana Amulet Arno bin Missouri Canna Central Manitoba dome Dixon mines shares each while sales of More Canada it 138. Canada at Dominion at than shares were in at 100 at May. . Steel Pullman . American foreign Power Standard the first seven months of year of new jer6ey brand5 a. 27. 1111, 25 13771. At numbered most of which were among Small grocers and other minor in. In volume Here with shares dealt lower at Wylli of we wish to announce the ening of a Branch office for the convenience of our Winnipeg clients in the Lombard building where All facilities Are now available for trading in Grain futures Wiley Low co., Ltd. Entrance South East Branch office Corner main Lombard St. Telephone 80 291 mercantile firms probably affected by. The growth of Chain stores and these ten stocks had sales aggregating shares More than one third of the entire business done on the order houses. The aggregate amount involved was after a period of. Stagnation in the earlier months of the present year production of leather footwear a the 170 factories in devoted to this production has again reached a High level. Production in july total led pairs an increase of per cent Over the preceding month and an of three Over july or last year. Per cent Tea imports tied up in complicated situation Vancouver. B.c., sept. To double duty on Tea imported via great Britain is causing a complicated situation Oil Vancouver s importing Trade. The situation has Arisen owing to the fact that the Tea on the duty Froc list in Britain has deprived Canadian importor.5 of their right to buy bonded stocks from what is recognized As the Central Tea Market of the world. Now the British , at aside from those sub-1 Stantlay advances were made by Abra no Ham Straus. Associated dry Chesapeake Ohio. Commercial sol vents Gimbel Brothers g. Helmo. Grigsby Honinow b. H. Maey. National Supply. Otis elevator. Republic Iron steel and Vanadium. Stocks with the exception of Mont Gomery Ward were cons Sten july Strong As a group. The Sharp up Ward movement of May no doubt had some effect although at this time of the year sales of these companies Usu ally show an increase a Factor that should bring in additional buying. The radio group also was beginning to show signs or a fall recovery. Guiyi by Grunow was exceptionally Active Ana made a Sharp gain. Kolster also moved up several Points. Crosier. However lost ground. The Rise in Grigsby Grunow was traceable to the announcement a Short time ago of greatly at 54. 200 a 54 i. 140 at 54v.j. To at 51 i. 1320 at Al a. 175 at 150 Al 25 at at 400 at 54. Imperial it 33. 50 at masses at 56. Montreal at 152. 50 at 152vi, 150 Al 152. National Secl Al 90. Peter at 15. Pov or at 50 at at 127. Quebec Al 04. 90 . Go. Al 103. 50 at 25 at 50 at 50 it i023i, 00 at 103, at at 05. 51. Rar a ic--25 at i Nada per. Paper at 35u. To Home Oil Hudson Bay International Nickel Shore Manitoba Basin mini Raj Mclntyre Noranda Pend 3an Sherri it Sudbury Basin venture Wright harsh saves 5.30 i i.7s 3.30 .23 1.10 ".35 9.50 10.00 ii 5.75 7.50 53.00 22.90 .13 4.05 14.45 03.00 5.20 25 a. A k 5.75 break Over 7.000 of shares an Early changing Bonds in the first hours and the furnished by t. P. Bill cell Calgary up Var or Raj Canada Assurance Canada Kat Lomu Canadian Marconi capital loan City Dairy _ City Dairy i ally Dairy is commercial Laff. To Avn Pfligl securities corporation. Continental Lite ,20v pd., Durant Imperial dec International Coal comic loan to Tenn to Lonny sept. 11.00 of 0.00 Mon urn Assur inc co. Pries Clow i to s3. Walkers. Imperial Creel con 1 i re the Only it line Coke. Too is Pete issues to b. Were the Only other Trade above the thousand share Mark and each Stock closed the Day fractionally lower losses being held Well in Check by Good absorption. largest loser being off. 4 Points while Canad Laid o.i1.s dropped 2. Era Luis cities of shares made their Bow on the curb a bloc of 100 shares changing hands at 25, which was the Issue Price. One of the firm spot s of the list i wan Abl Ubl. Which was taken z Points higher at 53. To close up 13 at Goodyear common and Canadian Gyp sum made a moderate recovery while Canada wire and Cable City lob Laws Ond More corporation were Strong specialities. Coke National life f25 Royal Canadian s . In. Co operative Rry prof is Nipton s limited t of financial notes sales Central at .32. Sherritt at 7.10. At 1.05. At bar at 1.10. Sudbury at a.10. I expanded production of sets and tubes. Republic steel continued Lead the steel shares with . Steel and Beth Lehem lagging. In connection with the Lack of vigor of . Steel reports were in circulation that the sponsors of the Stock now desire to prevent it from investment securities bought and on All principal exchanges private wires connecting Toronto Montreal and new York experienced advisory service at your disposal. Osler Hammond limit o established 1883 investment Bankers Nanton building Winnipeg Telephone 87301 such thing As a bonded Stock., and therefore the higher duty As applying on unbounded Stock which is almost twice As much must be charged. Protests have been filed against this ruling both individually and by a representative for More than 14 of Vancouver s importers. As a result of the situation Large shipments of Tea consigned to Van Couver importers lie in customs Illtred. Some merchants have paid the duty but Poitiers Are holding Back in Hopes of Relief. Willis Vancouver imports much Tea it was said they wished to stabilize the Price around its present Levels. The overnight Rise in brokerage Loans of was not considered a Market Factor today although if no doubt helped create sentiment against a sudden Advance. Professionals were bearish in the Early trading but after the marked turned upward they took their profits on recent Shore sales the covering helping the recovery. Considerable support was Given the Lead ers from time to time and late in the Day big interests were again on the buying Side. Direct from the Orient at least half a million pounds Are brought in a really through the British Market. Car loadings Register decline week sept. Curb Stock Vii recovered after an j break with a the utilities soar ing. Convertible Bonds moved Back Ond Forth with their stocks but the list in. General was quiet irregular Cotton advanced Over a Bale on late buying. Grains sold off after Early gains. Ottawa ont., sept. Load Ings on Canadian railways fell Oft in the week ending september 7. The wetly s total or cars was cars less than the previous week and cars less than the corresponding week last year. Figures Ware published today at the Dominion Bureau of statistics. Compared with the week ending August 31, miscellaneous loadings were Down cars merchandise cars Coal 711 cars lumber 612 cars and pulpwood 508 cars. Smaller losses were registered in other items. As against the corresponding week Toronto stocks Osier Hammond Nanton 13. Abi Tibi by. Am. Oil brazilian Bell Telephone Burt f. N. com. Canada bakeries ions. Bakeries open. High. Low. C ase. 6714 53 6 7 6714 Ilia 64 47vn 32 53 6.7 to Canadian Vince or _ can. Permanent Cosmos Imperf _ 23v3 Duram motors in 1928. Grain was cars lighter i Ford Forest products 032 cars pulpwood 623 31st. Seaf ram cars livestock 443 cars. 607 cars and lumber Gall Cowans members of the Montreal Stock Exchange members of the Montreal curb Market 311 fort Street Stock brokers Halifax. St. John jt.e., Quebec Ottawa Toronto Montreal 1 n n i p g direct private wire to All branches and new York Metal Slak Ket associated press new York sept. Steady electrolytic spot and future is. Iron steady unchanged. Tin steady spot 45.87 to 45.60 future 46.12 to 46.25. Lead steady spot new York 6.bo East St. Louis. 6.70 to Zinc steady East St. Louis spot and future. 6.80. Antimony 8.75. At London Standard Copper spot 15s. Futures electrolytic spot 10s. Future tin spot future Lead., spot 10s. Future 12s. Zinc spot and future 5s. We have pleasure in announcing an exhibition of Fine etchings by the following great artists Cameron Brock thirst Mcacy Walcot Griggs Benson Lumsdon Tunnicliffe Zarn Wyllye Brangwyn sri cos Seynour Haden and others opening in our galleries on tuesday. Sept. 17th Richardson Bros. 332 main St. Pm. 22 477 Goodyear Tara it. West saddlery. Hiram Walker Imperial Oil Imperial tobacco int. Nickel Tut Petroleum Loblaw a Massey Harris Moore corp pare Harsev photo engravers f ure Gold service stations Standard chemical Standard paint a steel of Canada Western can. Flour. Bank of Montreal can. Elk. Of Dominion Bank _. Imperial bank____2co Royal 346 51 a 65% 100 54 64 27 4ta 33 33 i Ovi 0 3 4 220 i 22011. 23v 23 i 16 42 205 6 2l 33 135 33 a 30 82 42 59 34 346 56 20 a 55 3314 135 33 i 30 03 42 3.1 53 34 34g 285 244 260 346 40% 200 0 17 38 10 a s3 21 54% 33 135 30 62 33 50 34 340 244 2gu 51 66 a 07 16b 64 4 7 it 229 i j is j 17% 295 " 6 17 in 5.-.% 27% 21 55 33 135 32 Vij 30 82 33 59 34 348 283 i 244 260 345 i at 50 no 67. 1.405 cont co. 125 Al Iii a. At 400 at s6. 50 a. Is a 125 at 100 at 100 it 00 i. Lilli Tetopnone-50 at 170. Can. 100 Al 137, 50 at can. 130 at 28. Dom. Bridge 100 at 113. Ice at 7o no 112. Hum. Bold fun 50 Al 57 25 at 57. Ind. A Colic 25 i _ int. 025 it 53 150 at 53u, 175 at 100 Al 50 at 50 at 100 at 175 Al 53. 50 at 52te, ind it 53, 200 at at 50 at d2fi. 340 at 53. .25 at 100 at 53 in. Joo 53 a. J50 at 425 at. 53vi. 50 i. 100 at so a. 350 at 315 at j3 i. 35 at 54. 150 it 54v s. 325 it 54 Massey 100 tit 553a, 50 at 50 at 100 at 55. Peter 25 at Power corp. 30 at 275 at 125. U jibe 100 at 83. 50 at 92. J80 at 02-i. Shn 100 at 50 at 101. 7i no 100 i. Do at 101. 2_5 at 131steel o 50 at 53 j. so at 30 at 87. A a Isanc 100 at 93. Sales for the last hour 55 at so a. Canada p. 75 at 35 a. Brazilian traction 50 at 25 at Coli. 125 at 175 at co i. 175 a 66v 75 at 465 at b5h. 25 at 100 at at Oil j. 25 it. Is i. 175 Al 6s l. Can. Car 100 at 135. Dem 25 at 113, 100 at ?.5 it 114. Incl. 80 it 22 i. Int. Kick 100 at s5 at 56. 25 175 at Al 55 i. 50 at we. 300 at 55 i. 400 at 00 at 100 1 t 55 i. 225 it 175 at 55 i. 225 at 5 1385 at 55 i. Imperial 125 33 i 5c at 36t at 30. Massey Harris 50 Al. 55u. 25 at 56. Montreal 25 at 151, 115 at 152. Nat. 25 no 148. Nat. Steel 25 of b8. Peuser 25 at 15vj. Power corp. 25 at 126 Quebec Power 25 it 50 at 92 4. 25 at at 103. Steel of 25 at Sulli. 25 at 01 75 at 25 at 87. 100 at 04, 300 at 35. 40 at 04. The importance of Canada s Trade with latin America is dealt with in Boyal Bank of Canada monthly loiter for september. For the year just closed it amounted to approximately seventy three dollars. This was Over thirty five times its value in 150.0. Although the pres ent volume not Large compared with the Trade of either Canada or latin America in other directions yet in the Light of probable developments this Trade relationship is worthy of care-1 Ful consideration. I since the beginning or 7.he i has been a remarkable expansion in the economic activities of both Ada and America. The total Trade of each area for instance in Over five i times is. Value in 1901. A comparison of present Industrial i to i n i in Canada with the Blua Faton produces Juu Ivil in Lviv interesting picture. Before 1000. I agriculture was the leading Canadian press despatch j with manufacturing thirds Asim Tori us out., sept. Y. Eaton i portent. Today agriculture still leads president of the t. Eaton company in net value of product but the Dif life Canada trader finance l nerd Grain it rowers Western Grain co. Lytfi. Pref life Are Suanet co. Pro incr of Alberta Paci in f Burns a co. 5ljto to Canada can Dinn Paelian hv., 7 r 1 t. Katon Lenity co., Grent Kadlic re. R Abattoir. G is. Manitoba pow r. I Mople Leaf Mai sey Harris. 5-r. If it Grain i United Orain kirov ref. To to a Stull Sefc ally of Kuci la. C 114.0. m denies any change in chartered 11 years k hit ii. Box 1584, free press. Today a risked the following Ita torment j Terence is rapidly disappearing manufacturing has increased 700 per cent. Over that of 1901, agriculture. 400 denying a Story in a financial Pape of Montreal hinting at an important change in the Stock ownership of the company. In regard to the article in the Fin Ancial times of Montreal Issue of sept. 6, the last return made to tile j Ontario government stating among j other things the list of shareholders of t. Eaton co. And their showed that of the the t. Eaton co., shares of b.8sd belonged to the estate of the late sir John Eaton. It can be stated emphatically that the ownership of the shares has not changed since tic time this return was made. Since All of the five executors Al the estate Are also directors of the. Company this disposes of the state ment that a Large Block of Stock of the company has passed into other hands. As to the Transfer or Sals of any Stock of the company or it Issue of any new Stock this has Beer neither discussed nor considered by any of the company s directors nor by anyone connected with the company. As regards the Rumor about an outstanding Canadian business Man becoming closely with the management of the company this is without foundation and has not been nor Ever consid 25iered by any or the company s directors i nor by anyone connected with the report Ank Erite Gold to suspend operations per cent. Coincident with the develop ment in manufacturing has been the construction of Power plants to f Urnise Energy for their operations. Hydro electric i installation in 1900 was lets. Than 20q.ooo horsepower. And today s i installation has a capacity of five and one half million. H building contracts awarded in can Ada have increased in value in the past fifteen years from a year to All groups of economic indices such As those for employ t Tel in Obj panics. Results. I fun Jim Wii Mill upper Tenily fur vew Arnedt in a Lioi a members mining Section Winnipeg Stock 342 Garry St. Pm. New York curb close Oaler Hammond and. Nanton new York. Sept. 13, 1029. Open High Low Clow Alexander ind. Allied Power and a 8511, s6 83 81 aluminium co. Of a. 445vi 44516 445 445 Amer. On amort s7vi is i Amer. Super a 63% 6-1 62 i Bunh or Hill s.___140_________ 140 Continental oil___19vi 19 a Caterpillar Bond i share a w 2i 41 40vi 20ii Ibuki. 119% 122% 27% 28v 27 a 220 22s 22-1 12% 87 130 176 Calgary Oil Market open. _ 3y5 _ 250 i _ 575 350 Alta. Pac. Assoc. Oil Black d. New _ Brit. Dom. Cal. De. Corp. Calmont com. Pete com wcauh_______113 dalhousie_________285 Devenish 28 180 freehold__________157 165 his Wood Sar. 40 Home .________1325 to Homestead 111. Alberta. 63 vat land ______g60 Mcdue. Seg. By. Mcdoug. Seg. New__124 mcleod____________335 mercury__._______93 Midwest 51 Mill City Model Moose it. 47 Kalta. New in Nehmens _ 85 575 360 285 182 157 170 40 1950 sept. 13 Low. Close. 360 250 250 45a 81 575 355 20b 115 285 27 182 157 170 in 10 125b 31 575 350 111" 285 27 180 157 183 1030 62 i 30 8 go Milec. Inv. Motors of can. Fox theatres Culf Oil Humble Oil Imperial Oil int. Petroleum mining s or. Amer aviation s or. East. Power Sou. East. Power St. Regis paper___170 Silica gel Swift co. Stan. Oil of ind. 5b% Ian. 01 of Kas. _ Stan. Oil of Tri 47% 43 . Shoe 69 _ United l. 40t4 40% United g. Imp. 2831. 275u vacuum Oli. 320 b com. And South. 22 i come. South 22% Ford of Niagara Hudson 23% Goldman cities service 267 s 199 i 12% 12% _ 67 _ 120 174% 175 24% 37% 47% 63 56 37 i 47 pen Road electric Power 86% 23 a 17 i 2-1 103 53 k 25% 87 i 23 ids 53 25 23 a 109 25 " s7 special desk watch to the free press Toronto sept. To word received yesterday the manager of Ank Erite Gold mines has received instructions to suspend operations. This step will be taken due to the Art that discoveries on the property been confined to Low Grade Ore with values Low to warrant further expenditure and activities on the pro Perty. The Ank Erite property consists of approximately 118 acres in the Porcu Pine Field. Two shafts have Beeri and a 200-ton cyanide Mill Era Teci. The company has estimated Ore re serves tons tons being blocked out. Capitalization consists of is Par Stock Ana Worth of Bonds. F. C. Baker is president. A Complete investment service we solicit conservative margin accounts based on purchases of stocks listed on the leading exchanges ;