Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 21, 1929, Winnipeg, Manitoba 16 Manitoba Mike Priess _w1sn1pbg, Satui Day mining and business trading ebbs to lowest Point in weeks at coast losses Are general at Home is firm feature in Oil group Vancouver stocks special despatch to the free Tress Vancouver ., sept. The lightest on the Vancouver Stock Exchange Friday for Many weeks. Turnover in the oils was less than half the total in recent weeks. Prices were weak in the Early trading and although they stiffened slightly in the latter session the close showed the losses to be general. After touching n Low of 18.80. Home Oil Rose to a close at 13.10. A net gain of 10 Points. . Con. Lost 2 to a close at 3.78, which was the Day s High. Associated was Down 10 to 2.50. Cal Jet ont 15 to 3.40, Dallas 18 to 1.81. Har ral 6 , new Mcdougall 15 to 1.05. Southwest Pete 40 to 2.20, and United 2 to 1.10. Advances were recorded in a few issues. Commonwealth gaining 3 to 1.18. Dalhousie 3 to 2.80. Bust Crest 5 to 1.90, Sterling 2 to 1.97, the balance of the list was unchanged. In the mines. Big Missouri traded from 1.03 to 1.08 with 1.06 the close Golconda continues to move ahead Selling at the even Price of 85. Grand View was stronger at 39. Kootenay King was in demand from 28 to 28 Lucky Jim was stronger having sales at 13 cents. Noble five held steady at from 58 to with Odd lots at co. Oregon Copper was up 2 to 22. Fend Oreille turned Over at-48 even on Lotf sales. Reeves sold fit from 1.55 to Ruth Hope gained 3 to 40 and Topley sold up to 15 in Odd lots. Annual meeting will be on sept. 30, and directors will provide a statement on results achieved in drilling fore body to Date. Micoli Frontenac Oil company timite3d preferred dividend no. 7 notice id hereby Given that a Divi Rich a of si.50 per share being at the rate of 0 per cent per annul has been declared on the 6 per cent. Cumulative. Preferred Stock. My of . Limited for the Quarter Sopt old 1929, payable october 15th. 1923, to shareholders of record at the close of business on sent. 30th, 1020. By Ordes of the Board. Arthur Hughes. Secretary. September 16th. .1929. Prospect stage passed the speculative element has eliminated in a number of Good mining stocks paying1 High rate of dividends at pres ent prices. See us for our recommendations. Men Bers Section Winnipeg Stock Exchange Miller. Co., Ltd sept. 20. To to 3. To 13. 31g to 107. Cork to 0 Cotton to 28. To 51. Georgia to 20. George to 566. 85 to to 31. To 8. International Coal Kootenay to to 28. L. L. Lucky to 13. Marmot. River to 4. Morton to 4 a. National Noble i to 5c. Oregon to 22. Pent to 475. To is Porter to 40. To 179. Reeves to 153. Ruth to -10. In 7. To 10. Slocan in 15. Vij to 31vj. Topley to 13. To 100. Whitn a. Los. Van. Premier to 10. Vancouver oils amalgamated to 25. A. P. To-318. To 340. To 2r5. To 25. To to 180. Home to 1315. Illinois to 67. To 335. To 805. To 135.00. To 255. British c. Ray part of the Cost of the expensive irrigation sys tems. Hon. T. A Patullo then minister receded from during the Progress of. A vital Bye elec Tion in. Trie North. Okanagan constituency and promised an inquiry. Major Swan named commissioner and a thorough investigation reported unequivocally in favor of the growers Contention that the irrigation systems might be considered to be in interests of Slie province a whole that the producers should tie relieved of some part of the Cost of their maintenance and operation. As a consequence of this. Finding the former Liberal brought d Wii legislation providing for Relief not to exceed Twenty Flye per Tho overhead. The government went out of Power before covered to isolation was implemented. Government cooperation during the. Days when Tho conserva to pcs were the opposition Vic and complaints but he is accumulating a general knowledge of the fruit grow ing and shipping business that will much easier for. Him to gauge the value. Of Tho evidence to be for Mally submitted later on. Knowing Many of the witnesses personally and having conversed with them at length the commissioner will be in a much better position to place a True value on their As already stated this plan of tackling the inquiry is acceptable and pleasing to All classes of people of the Interior the fruit business and that Means Al most everyone investigation is timely it is possibly fortunate from the producers standpoint that the. Inquiry into irrigation matters is taking place in a season of water shortage which emphasizes the pressing needs for additional reservoirs in Many districts As Well of the inability of the producers _ in practically All instances to find the Money with which to increase the available amount of stored Waters. In the Northern end of the Valley where scored As not being generous enough. Regularly Early trading As a result of the overnight announce ment of an increase of in collateral borrowings in the week ended september 18, bus the immediate effects of this increase were somewhat offset by another favourable Federal re serve condition commercial yesterday s Star was again Firari Al Osling at 650 Lor a gain of 5 Points after touching a new High other High priced issues did not fare so veil. Westinghouse lost Points to255 orig 351e.vat.or .17 to arid. Bolte d aircraft and transport. 5 to Columbia Gas and electric was., the outstanding Strong spot raq Ying ahead aggressively to a never record at and closing at 128% for a net gain of 11v4 pourits. Adams express advanced 10 Points. Investment Trust issues Strong investment Trust issues the Only Strong group. 2000 Ter National was taken in huge blocks 800 at the highest prices of the year Clos 1000 Market moved often the Case however the new ill ecu i. Hoe Grandview 25 or. Bosquet 3 Gran. R. 25 Howey of Home Oil 1935 ii. B. 25 050 137 185 c500 933 k 2 25 3 26 24 104 101 101 1950 1875 1005 1800 .1775 1775 3000 300 3000 1000 7000 10000 -7500 6100 5900 5900 2000c j. Manlon Kirk Lake Kirk. Flor. 3 53 13 3 53 13 like shore__220c 2225 2200 Lovery Pec 250 -250 350 250 Macassa--------15 15" 13 15 Malartic 3" mandy______55 Man. Basin__19 Mayland of. _ 875 250 id 860 20 875 1425 in. Corp. 415 415 Newbeck 38 38 56 55 is i 19 850 825 h25 1425 410 410 35. 35 nor Arjola .5825 5300 5735 "5735 j nor. S4 i i ____235 335 235 235 old Colony 10 10 10 10 Peterson cob 28 2f 28 27 p. Or Lille ----495 495 480 430 Pioneer 31 33 31 34 Premier is 175 75 is san .14 15 14 15 Sheritt Gord. 700 700 685 690 Elscoe ----------100 100 88 06 Southwest 250 250 225 235 Sudbury Basin 7ro 775 755 755 St ild com 5656 St. Anthony _ is is 15 15 tick Hughes _ 595 39f, -580 590 Thompson. n of 1014 Vipond 72 72 72 72 ventures g75 .675 660 675 win will Oil _ 20 22 20 21. W. D. Lake 2 2 2 Wright. H----153 155 150 150 w., a. Monk goo 600 600 .600 1000 200 1000 2500 1000 4500 1.100 100 400 19000 2400 1000 100 3000 1500 900 360c Doc 2100 1500 2800 2400 1000 Loyao 2500 1200 500 900 3000 3000. A4oo 400 attn pm one year cios members from the ing at. For a gain of Points. Recai merded that the Gove fun Tarl t.-. Conserva Tive on has found that it u okie thing to make promises in. Opposition and quite another to bring about their fulfilment. While the idea of doing More than Trie liberals to do has not been departed from a division of opinion has occurred As to just far the government should go. The. Situation has been recent Mouths by an. Quiet lines by or. Gadde Kelowna a., Man who has been Etc a acted with irrigation development for years. While no Oll Cial Ara has been made As to or. Galdes Rio secret that. Reported in favor of the government hours Orchards and fruit Are in condition. Down Oliver Way where the big government irrigation system pro Vides All the water required everything is satisfactory. But in the important Kelowna Summerland Penticton areas Trees on Light soil Orchards have not had enough moisture to carry them through and there Are Many from which the fruit will not be picked. It is doubtful if heavy Rains from now on would Correct this situation but they would tend to prevent conditions from becoming More aggravated. With a continuance of dry weather much fruit is liable to drop to the ground before it can be harvested. Expect Vair prices although peach prices have dropped cancelling outright the two million As a consequence of american compe by growers for Money advanced when the provincial govern ment assumed control of the majority of the irrigation systems. That is How matters stood when or. Evans was named a commissioner to inquire into eleven aspects of growing included. Whei Inthis happened it is understood United corporation at 68-, Hylle the newly listed Start ing securities common was in tremendous blocks at a new High of 36. Utilities in general displayed considerable resistance to Selling pres sure. Motor shares were As a result of continued of curtailment in production schedules. Bonds con ver maintained " strength greater part of the session Ltli sensational advances taking place in a num Ber of higher priced issues including Middle West Crocker Wheeler. Grains were moderately lower while ids were Active and mixed with Irti ble issues highly erratic. Curb meet drop any further inquiry immediately announce its policy in regard thereto and auth Orize. Or. Evans. To proceed inquiry or the other ten Heads Rheum loved in there. Was 51 in Victoria at which j mailing prices fearing they would not strongly pressed enough to pay for the on viewpoint Fiu they were Over ruled ton of picking. To Loii the. Indications Are that growers will receive fair prices. Final returns for cherries have been announced by the associated growers. Bings will fetch a Little better than ten cents per Pound lamberts nine cents and other varieties less. There is nothing to complain about in these prices. Undoubtedly they would have been much lower but for orderly marketing and pre Cooling. As is always the Case prune prices have been shot to pieces by . Competition Washington offerings being As Low As thirty cents per cose. This Means practically nothing for the growers. In some instances Prune growers have re fused to Market their prunes it pre one opera Toronto stocks Osier Hammond 16 ?8 .58% 59" 22 " -22 34 34 to 17. To i i. Grover to. 2. Mcbee Lorraine to 1. Mint 205. Pawn to 3. To 2 i. Robb. To St. Sudbury Sudbury to 2. Sudbury Nick. In in. Tough to 3. To 1v1-. Total sales Harris com. Woore 33 3s 32 he Seiv 130h is a engravers i 32 32vj 32 32 .79 -7714 Standard Ghent local .3.3 Stocev of Canada 58 33 58 Bank 6t-n. A ---------406 "400 Bank of 34814 i 40vj 33 33 57 57 400 400 can. Bank of com. 285 i 287. Dominion Bank Royal Bank 343 35.0 243 352 285 285 243 243 350 351 steeling Exchange associated Tress despatch new York. Sept. Of irregular at for sixty Clay j Bills and at 4.84 girls for d . Foreign bar Sliver Canadian dollars Dos. Francs 3.91. 5.22j4. We Steux incorporation cd. S. Tate son co., Ltd scr. Advance icon. Freehold 173b. 185 to less look. 0.17% j earnings the net earnings Lor the 40a year ending june 30, 1 929, available Tor 190 i Bond interest and preferred dividends after depreciation Fere but after interest arid sinking Lund charges 64 were deducted amounted j to Only As against last year. Commenting on the reduced earnings of the company a local official stated 45 1350 125 116 335 " is 80 80 now-------------255 255 Kalta pref., new__4530 4500 ranch ens 40 40 53 54 60 52vi 60 1350n "500 Sig. Hi1.-------------------24 25 24 21 Spooner------------------100 105 9717, 30 3q 30" 74 24-j. 4-500 -10 53. 74 .245 4500 40 54" 130 Valley 275" 280 275 380 news from the mines Solloway Mills col Limpson Cadillac. Thompson Cadillac directors will a limited exploratory Campaign arid Man mall 1.1.__j-. _ meanwhile seek further funds with succession duty much will the provinces collect from your wife on her share of your estate enquire now the Northern trusts company 1 Regina Winnipeg. Calgary View to expanding and testing recent Diamond Drill results. Northern report says Wright Hargreaves output for first Days september was on basis average recovery per ton said to be around Ore shipments from the proof mine Are already playing an a important part ui3on output of International Nickel. Ore at pc Jenc is being from foot a of International Sechon of the mine Alici during August averaged 700 tons per Day. At this level the Deposit would average after Rock had been eliminated about 14.5 per cent Copper arid .2.5 per cent Nickel. It therefore becomes apparent that the the two metals j additional output i resulting from these shipments is Abolt pounds of Copper and pounds of monthly based in August deliveries. As Vood Ore deliveries to smelter Are Likely. To increase before end of year that the company s sales reduced during the year by due chiefly to unsatisfactory return to the Farmer from last year s crop and that the Price of leather suffered quite a drastic decline during the year. These. Items he said were mainly responsible for the state ment. He also stated Liat the com Pany since the close of. Its year jihad introduced improved merchandising methods and made some internal changes which should be reflected in future statements. These changes will be announced at a later Date he stated. Conserve liquid. . Special despatch to. The free press Toronto sept. No official announcement has been for try coming As to the future policy on., dividend payments it disbelieved in Many quarters that great West saddlery May of forced to pass preferred payments in order to conserve liquid position on the company. have been paid Oil june september and december 1st. Dividends of or the. Full of per cent were paid on the 000 of first preferred he second preferred stocks outstanding for the year ended june 30. 1929. This. Company s report period How Ever showed that Only per share had been earned on the first preferred Stock compared with earnings of More than four times preferred div Lencl requirements in the profits for the last fiscal year were put at compared with profits of. For the preceding year. Since dividends called for it Means that surplus had to be draw upon to the extent of surplus As at. June 30, 1928, .s shown at Dlo which after the deduction mentioned a present of or less if fixed charges were any larger. United Olls Rollo to 114. I i to 2. Argonaut to. 1-. Bobb 1 to Ivi. Coat Canadian truss despatch Ottawa out., sept. Tion of the following companies is Given Public notice in the current is sue of the Canada Gazette my icon Tinnent Oil corporation limited Van Couver shares . Wlk Rani limited Calgary con Crete products limited Regina sask. 500 pad. And common shares . Sussex oils limited Vancou ver shares . Sodium sulphate he pan of sodium sulphate from Saskatchewan deposits g916 founded in 1869 by of Halifax who realized the urgent need of increased trading Nacib ties for the Community the Royal Bank of Canada has now reached its . To promote and Foster the Best inter ests of Canada was the aim of the pioneers who founded this institution and that spirit maintained throughout sixty years from a local institution to a great International still guides Bur work to Day. Vou will like banking at the Royal the Royal Bank of Cai Iada serving Canada since 1869 Foothills 3 not yet in Lime at feet reliable advice do not claim to infallible in matters of investment. We do not claim to be Able to foretell the future with any greater de Gree of accuracy than other Good investment houses. But know that Wise invest. Ment is somewhat of a science and have built up an organization of investment experts who Are aided by modern facilities for collecting accurate information from a variety of sources. Economic conditions arc Analysed As a doctor diagnoses symptoms and strive to maintain an ethical scrupulous Ness of professional standards in All our dealings with clients. We would like to Send you our. New Booklet. It is free on request. In to our Kadlo talks on and Corx every tuesday at 9.15 . Central time. James t.1 ref 1807 Winnipeg Canada Terono. Ken Guam. Win Leto. Bronson. If so Katoon. Edmonton. If James Richardson sons Ltd. Winnipeg pm Freeo seed your Pees Mons makes without obligation to 7-j2 address stocks Bonds investment Bankers from accurate information at our disposal have recommendations to offer investors which p Romise satisfactory re turns in both. Earnings and enhancement in Market value. Your inquiry is invited. Gage. Evans. Umi cd 272 Portage Aye. And 564 Grain Exchange. Phone 80 391. Stocks and Bonds our current investment offerings include a variety of High Grade securities yielding attractive returns. Write for list. We invite consultation or correspondence concerning your investment problems. Osier Hammond limits o established 1883 investment Bankers Nanton building Winnipeg Telephone 87 301 v. Cowans members. Of the Montreal Stock Exchange members of. The Montreal curb Market 311 fort Street Stock brokers Halifax St. N.b., Quebec Ottawa Toront Montreal i n n i e g direct private wire to a branches and new York Capitol read wire Friday morning september 20, 1929 depth casing Down getting More Gas formation Lowen this shows company is making steady Progress management is efficient can quote you prices on Toronto Calgary and Vancouver listing mining ind Oil stocks. There Are some excellent buys on the Board now. Enquire full particulars upon application. J. L. Elvin limited Stock Bond investment brokers 305 Paris building Winnipeg Man. Phone 88361 ;