Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 21, 1931, Winnipeg, Manitoba 16 deliveries of Oil to Calgary refineries from Turner Valley Wells amounted to barrels for news of the business world mines and the Money Market Dominion Bridge announces reduction in annual dividend rate on common Stock from to s3 per renewed Selling hits investment new York important liquidation depresses such favourites As american can and coca cola Canadian press by Rici iad gk1dlev press financial writer new May steady Stream or important Selling in such invest ment favourites As american Tele phone and american Western and Allied chemical drove the Stock Market to Winnipeg stocks Par 50 no 100 listed Beaver fire fire ins life Home 100 35 no Northern Trust 50 Susie is no Royal Bant of can 100 steel pad 100 unlisted stocks Beaver 100 Beaver air Blue ribbon 50 Oil no Canadian indemnity 100 Crescent Creamery Loo saddlery no life 10 pm 100 North Star Oil 5 North Star Oil com 5 cities Oil no Reliance Grain no traders 100 United Grain growers 25 West Ltd 10 flour Mills 100 grocers no Ion shares it x indicates broken Bonds Dominion of Canada War 5 1531 5 1937 Victory Vij 1933 5a 1934 1937 War loan renewal 51 1932 refunding loan 5 1913 4j 1940 4 1944 further Low but a moderate rally at the close erased most of the Early some firmness was apparent at the representing a carryover the Short covering movement of tiie previous surly gains were and the downswing resumed under leadership of the better Grade lowest j prices were reached around the Start j o Una j the main body of stocks held fairly a number of including i inane Railroad closed steel common relic Ironi closing unchanged after and Early 2point renewed weakness in the invest1 ment issues was sources of the Selling in Otic i no shares As american Telephone no difficult to although some of i 100 the liquidation was reported to be collateral loan 4j in 4 1956 1938 cleaning out of counts by professional no Selling in the Issue was attracted by Gem if the Rumor that the company i Howey Goci Drew heavily on subsidiary profits in the last earning declaration of j Hudson lie regular quarterly dividend Nickel Oil the failed to Stem the j i Mandy mine Selling in other stocks of this Cater Manitoba Basin gory reached Large with i Mclntyre american at one time Selling at a further new Low for the ports from banking circles reveal that j Premier much of the Stock Otfred for the time is represented by j in tick Hughes 1310 trends Cal Yukon ventures dated Back far or reports were Tain to mean that holders of these stocks finally Wright were forced to with their invest after holding them through j Acme the greatest Bull Market in it1 was assumed that most of this Selma represented forced liquidation rather than further veiling was reported for the count of invest ment other spots of weakness included several of the amusement and such favourites As National Lead and Texas Gulf sul several of which struck new liquidation was endless in Fox film the Issue breaking several Points to a further record Low just above the 312 the further decline in Fox Natur ally was accompanied by unsettling principal of which was that the directors at their next Meetins would discontinue dividend die company will shortly publish its ifl30 annual results of which Are anxiously awaited by Stock Warner Brothers again was sold but failed to break below its Bottom of the previous firmness in the Railroad shares was Atao Xit the Only Bright spot of the Days with the exception of which fell to a new Low on dividend most of the leaders of this group closed a few shares moved Independent of new York stocks Logan 4 Ibsan Stock metals Rar its net change Metal 400 150 Calumet Iii Calumet did Lecla Granby great Northern Ore Howe sound Nickel Miami Nevada Park Utah Patino mines Phelps Dodge Joseph Lead smelting 20 25 100 23 6 12 j 1 20 15 10 50 200 300 60 200 100 20d 100 100 12i n 19 42k 15n ail 25 20 a 8s l7li 34d 18 John Manville Julius Kayser Kei Elnator Kreuger i toll Kroser Lambert thu Csage 44ts 42h 43 15 15v 16 motors and accessories 400 Auburn aviation Banc ii aviation Briggs cont motors Chrysler Curtis Wright Curtis Wright Auto storage Firestone general motors Goodyear tire Graham Paige Hudson Hupp Kelsey Hayes Mack truck Mullins body Murray 313 i 4 100 01i 204 3 4 16 17 100 Bivi mine and Oil stocks Overland Peerless Stewart Warner Timken Detroit United aircraft United states rubber yellow truck 10 600 500 100 300 300 200 300 120 80 3s 48 15 38 47a 21i 23i 7 3 52 38 36 7i 11 45i 38 37 62 j 29u 83ta 50 4i 26 i 111 32 23 u Liggett pc Meyers liquid carbonic Loews incorporated Loose Wiles Lorillard Macy Matheson Alkali Montgomery Ward biscuit Cash Register Dairy products distilleries Paramount pub Lex Pathe Penick and Ford purity radio 25 300 100 160 160 100 800 Moo 300 300 200 24j 14ti l9 7 52 40 65 u 381 44 2 5a in Al 8 23 7u 3 ii 19 13 28i 12sn 16 u 47 48 51u 29a 18 bakeries radio Keith orpheus Raybe Stos i Remington and b Safeway stores scars Roebuck Simmons Standard brands Sterling tobacco tra Samerica Underwood Union Carbide United fruit alcohol realty Warner 10 280 260 200 400 100 240 400 260 300 500 12 m 2tb 69 74 43 43 a 8t 19 65 lit 33 17 15s 22 43 10 i 26 2112 0 i 29 43 44 a 82 10s 26la 27 4 671 1 73 27 it 41 25 26 a 33 u 13a 18a 63 26 40 24ju 33 10 s 26 21u 27 67 i 73 16a 73 18 26 40 25 33 27 4 16 130 174 z 2u 100 Eoo 260 400 200 125 50 10 100 400 54 s Woolworth Worthi Wigton pump sales a to ital Mons Var 58 30to Waii 64 54 48 to 50 52 13 3 8 48i 58 16 15 461s 30 16 5 i 62 7i 48 13 17i 3 i 30 17 5 7 l 631 j 52 Copper Sells at lowest Price Ever recorded new May sales of Copper at 8 cents a the lowest Price on were re ported the Price rep resents a Concession of on equal Ter cent from the previous quota in the Spring of 1929 the Metal sold As High As 21 the reduction reflected a Slack ening in demand after the spurt that followed the Cut in the Export quotation Early in the Export sales this morning totalled contrasting with the pounds taken in the foreign Market on Montreal steels and equipments of 7 no 1070 j no american Brake shoe american car foundry american american rolling Mills 25 american steel foundry Baldwin locomotive Bethlehem 300 175 400 Caterpillar tractor fuel Foster and Wheeler tank car signal Guf states Rand Harvester steel air Brake Otis elevator pressed steel car Pullman Republic Timken roller Seanne Union tank car pipe steel or Radlin 100 600 300 100 100 co 100 100 200 400 500 250 to 200 700 700 25 14 a 15 45vi 37 67 u 25 18n 13 35 i 24 34 m 14i 3 5 24 34 3 Mcdougah open Abi Tibi Abi Tibi Atlantic sugar 23 15 a Bell Telephone 139 Power class a 34 Power class b 10 puckers 1 Cowans High Low close Bell at 40 at 40 at 10 at 10 at Ogilvie flour at at 45 at 21 10 at several curb leaders hit new Low Levels Canadian May six issues declining new Low Levels for the current prices on the Montreal curb Market continued lower during wednesdays Al though the appearance of a slight Raily indicated that the majority of the heavy liquidation was new lows included off British american Oil Down act Dominion stores lower at Dominion tar preferred Oil it at Imperial Oil Down 1 at Loi and Page Hersey lower at other losses included commercial Petroleum and International utilities a while fractional advances were made by International Petroleum and International utilities the oils continued Active and mixed while the averages were decline persists despite firmness of leading issues fourteen issues establish new Low Levels in Montreal Bank stocks weak May 20 Roll living the lower trend in prices on the Montreal muck wed after showing parly turned downward with Lou Tren issues establishing new Low Levels Tor the year or of four Bank brazilian trac Liou Rel rally with a la Point Quin at while Montreal Cana Jiun Pacific and Dominion Bridge were fractionally Bell Telephone featured the a racing with a 5 Low while cons touched a new Low i break to 1jt also own 2 steady and the Utility group generally dome mines 139 10 13 211 12 00 railroads the general Alaska which Many brokers had advised their clients to liquidate s Points spurted nearly 2 Points to a further record buying again was reported for the account of a powerful Western the United states Dollar was quoted at a Premium of 332 of 1 per the British Pound was quoted at Price today Dominion Bridge cuts dividend to 3 dollars Belgium Bulgaria Czechoslovakia Denmark Esthonia Finland France Germany Greece Holland Hungary India Italy Latvia Lithuania Poland Rumania Spain Par value special despatch in the May announcing a reduction in the an Nual dividend rate on Dominion Bridge Stock from to s3 per and declaration of the nex two disbursements at the rate of 75 cents per the following statement was issued by the com in response to Many enquiries from directors of do minion Bridge have Given careful consideration i the present situation and prospects of future the directors estimate that earn Lings will provide for a dividend of 75 cents per Quarter for the balance of the fiscal the directors deem it proper that All shareholders be advised of these conditions and of the dividends that shareholders will receive for the balance of the fiscal the directors declared a dividend of 75 cents per pay Able on August to shareholders of record on Juh and a divid end of 75 cents per payable on 14 to shareholders Cord on october of re Metal markets associated press new May Coppei quiet spot and Iron tin easy spot Hong Kong 657 205 Atchison 100 1000 ind Ohio 100 on Brooklyn 100 s6j Canadian Pacific 25 250 and Ohio 25 250 Chesapeake 300 and Chi and Northwestern 100 400 Chi r i and 100 500 and 100 900 and 50 400 Erie 100 great Northern 100 250 Illinois Central 100 400 and Texas Pacific 100 i Central 100 600 new Haven 100 600 Norfolk and 100 1000 Northern 100 500 5 400 and Kan 100 Southern 100 600 Southern to 300 Union 100 1000 Paci Ilc 100 10p 11 41 154 06 57 26v 26u 42 132u 63b 217 60v 30u 64 44s 30 125 u 543 49 85 t 14 3s7 14s 56 36 Bruck silk Mills 13 Bronze 26 Bronze 103 car 12 car 21 2 Cement 10 Cement l v pc Cocks Hiitt pot i Bride i Glass textile Fraser Chas co Hamilton Nickel Power pad Lake of Woods 11 11 Massey Harris Mccoll 12 wont real Power 50lt 51 brew 23 5 steel car 2 22 Opil vip 140 Price Bros Power Quebec 80 26 23 10 fi3 6b 3 11s s3 23 133 34 10 12 21 10 75 98 it 16 133 34 10 10 93 75 26 6 84 32 weak in the oif advanced do cents at a Buna and Siscoe closed fractionally 135 at c at 40 at 26j 25 at 20 at while ivol Allda Hamilton a 25 at Canada at 100 at 10 at at at 25 at 50 at 85 at 335 at 10 at 260 at 35 at Power at 225 at Mccoll at 10 a Massey at Montreal at 45 at 100 at 150 at 25 at 125 at 25 at 5 at 40 at 5 at 25 at 30 at 35 at among the closing unchanged l 34 a Bitsoi pre tip it zip u it Laii Vanacia Strim shop off at if up Tex up 1 at Dominion 5a higher natio Rili off higher at Nati Juii or at 27 que Fec p l n 36 steel of in 28 Secl unit Ottawa 2 ii Ghir nil soul Hern Canada a 26 total sales Bond 493 36 4u u 17 t p of Criada steel of in 7t Sou oils Toronto stocks James Richardson sous May burl3o 35 34a 34 11 banners Canada bread dredging bakeries vinegars Canadian Oil bakeries Consumers Gas de Forest Crosley stores Durant of Ford o Goodyear of Gypsum Lime Hinam Walker of Laura ser Ord Loblaw Maple Leaf Maple Leaf Moore photo service station Standard super test Waterloo new York Sega december january March May Logan Bryan and july Lead steady new East Zinc East spot and an at 12s 6d 5s electro 15s 7s March us ios 7s 6d new York Coffee Logan Bryan May 21 23 i 14h 12 42 44 14 16 20 26 u 11 42 10u it is1 12a 51 4 19 52 i 26 12j Atlantic refining Barnsdall of Freeport Texas Houston Seaboard 25 25 200 100 100 300 300 100 5i 1t 14 51 84 33 9 18i 367s t h 4 a tvs Petroleum Phillips Prairie Oil Prairie pipe line pure Oil 25 Richfield Royal dutch 100 Shell Union Simms 10 Sinclair Skelley of of 2r of 25 of san Oil Texas 25 200 300 Texas Gull Sulphur Tidewater Union Oil of 250 100 Moo fio 100 30n 400 60 200 15 8 i Fly 6 a it 1a 9 35 17 4 40 4s 16 13 8 15 u 20 h 252 14s 35 28 30 14 69 36 283t 14 ills 50 i 140 311 47 35 40 28 30 12h fi3 10i i 33 140 47 40 Vij 28 14 Montreal curb Hammond Nanton May open High Low close breweries 7 7 Oil 10 m Nii 35b 35b 13 and 60 in Canadian wineries Engin resins Dunden 60 62 Gem Lake lob Hiram Walker is Home Oil 50 11u ils tobacco 9 utilities a 39j utilities b 6s Petroleum 11 i 10 Moss 34 Noranda 2100 2200 2100 pare Hersey 73 71 service stations 44 44 Siscoe Gold 45 4j 13 3 so i 11 34 2100 i 44 45 40 4 32i 201 utilities 111 4 63 45s 12 24 83ii 160 i 38k 18i 35 00 u 5418 6751 250 Abi Tibi it i Power Power water works Columbia Carbon Columbia Gas consolidated Gas Detroit Edison kit 62 4414 50vi Power and Light Tel and Gas and Power and Light North 100 72 42 a 57 333s 16vb 100 Pacific age Pacific Light Peoples Gas of Edison Standard Gas Stone and Webster United United Gas 900 300 500 200 40 400 800 100 200 200 175 100 Novi 200 300 800 340 200 350 300 75 120 39 a 40 38 171 66 34 8 88i 25u 8 91b 164 39 22 u 20i 25 5 67 45 53i 2204 225 81 41 44 35 21 29 i 17li 33 37 i 1 293 38 63 Ai 24vi 67i 54 33 22 243 28 65 43 53 45 53 43 4 33a 20 43u 34 20i 28 3i miscellaneous industrials 109 air reduction i82i Allied chemical Allis Chalmers 6234 36 Bank note 12934 962 can 20 am ice 26 123s 21 12 Radiator and 60 4234 sugar Issei tobacco 132 tobacco b i it Woolen 33i 170 i Armour b Hammond Nanton Stock brokers and financial agents Nanton building Winnipeg transactions completed on All principal members Montreal Stock Exchange Montreal curb Market Winnipeg Stock Exchange dry goods Best Borden Balke Burroughs 29 7i Canada dry certain teed is Childs 142j coca 7i 15 commercial credits 12 commercial solvents 25i Cigar 47 Continental can Continental shares Corn products Octy Cudahy Daviso 1 Eastman 25 25 100 25 300 600 200 200 400 300 too 500 500 79 13sb 13 111 115 1145a 116 241a 14 18u 20 k 48 Lilii 109 109 117 113 250 200 200 300 240 200 100 500 250 59 is 37li 12 35s 59i Corn products 300 18 23 787k 61 107 55 41 55 35 54s4 39li 55 i 476 general 573i 34 general 15 general theatres 3634 21 Gillette 77s 4i Gimbel 42s 294 Gold dust 250 great West sugar i 2 Grigsby Grunow j 6u Hahn stores i 10s s7 Hershey Jno j 62 29 Cement 400 4 combustion first stores t Fox film general cigars general of polls 400 400 250 400 400 160 300 400 20i 38 62i 3 23 39ti 4 20 14s 8 12 a 32 s 50 9u 33 Ion 71 i is 375 37i 62a i3 4 r it i a Las 40 3934 39i 4i 4i 149 141 he 3 12x 12 a 32 32 35 40 43 35 33 10 h 82 143 43i 14s 37 101 70 37vj 10i 138u 48 in 4 39i 46i 33 30 4k 32u 33 90 23 i Montreal sales Mcdougal Uay at Abii Ibi at 75 Ai 13 5 at 15 17v 5 Al 15 at 35 it 15 210 t As at Iob 160 at 10 at 425 at 435 at 200 50 at 60 at 255 16 50 at 16u 2b at at 16si 50 50 at 16 175 at 16u 270 at 16 5 it Isa 2 sat 16 195 at 635 16 s t 15i 25 at 16 195 at 157i 635 Bell at 139 10 at 138i 2 at at steel at Simon 25 at Ottawa at at at at at 12 25 at 13vi 100 at 45 at 13 50 at car at Ogilvie flour at Power at at Hydro at was icon at at Dominion at at 150 at 40 at 15 at 175 at 10 at 75 at 5 at 25 at 135 at 25 it 10 at 5 at 200 at 50 at 50 at 430 at 15 at 25 at at 95 at 10 75 at 25 at 385 at 370 at 55 at 100 at Cement at it 15 at 175 of 25 at 25 at 85 at 45 it at 20 at 50 at 20 at 50 at Hamilton at 5 at 60 at 10 at Gypsum at 95 at 50 at 100 at by 100 at at 15 12 5 at 12 50 it 340 at 145 at 155 it 280 it 75 at 75 it 25 at 100 at 12 100 at 40 at 100 at 25 at 85 at 10 at 25 at 40 at 50 at 50 at 25 at 100 at 100 at 125 at 25 at 25 at 100 at b Pover at 25 at 25 at 190 at 385 at 200 at 275 at Lake of the at it i Nat at 50 at 110 at 125 at National steel at Power at 40 at 350 at 10 at Quebec at 80 at Montreal at 320 at 20 at 10 at 100 at 100 at 20 at 60 at 55 at 50 at 50 at 40 at 100 at 25 at 40 at 150 at 55 at 40 at 50 at 131 at 60 at 25 at 555 at 10 at 3 at 50 at 190 at 265 at at 125 at 10 at 100 at 35 at 200 at 100 at 10 at 325 at 10 at 200 at 25 at 50 at 160 at 10 at 25 at 250 at 90 at 25 at 50 at 10 at at 10 at 15 at 50 at 25 at 245 at 10 at 30 at 25 at 10 at 25 at 25 at 50 at 190 at 40v4 steel of at 50 at 25 at 25 at 50 at 20 at 65 at 200 at steel o Canada at at 145 at 10 at 5 at 30 at 5 Al 10 at 5 at 10 at 25 at 115 at Dominion at 165 at Winnipeg at at 5 at 5 at 50 30 at 15 at National 10 at 27 85 at 25 at Price 10 t 3 Power 10 at 17 9hawimsran 35 s5 at 50 at at 40 Quebec Power 15 at steel of so at 23 50 at 10 a 100 a 125 at 50 at 125 at 5 at 25 at 125 leaders resist weak us Street railways Toronto Mart show traffic drop Canadian Tress May re Cessions were carried further we dues Neu May declines in the Tock j passengers by unrelenting number of the Street rail on the Toronto s some appeared j ways of the United states land leaders made Eood agr Rejas in c in the in Cipal Gate sales to j re Blum of lie the Ranil Sercl new in continues in 3i at new y8k curb failure of an Early rally to carry through resulted n 32 new lows on the the utilities was mainly found on the Hammond and May broke to a new Low of off brazilian traction was up to close at gained to Secl weak i steel issues chalked up new Page Hersey closed another j new Low of with a net loss of i steel of Canada gained 62 39 of 131 Pyramid b Gas and super Power cities Bond share Ford of Fox theatres Gulf Oil Goldman Sachs Humble Oil Imperial Oil Petroleum Niagara Hudson 104 Regis paper 263 Oil of 24 Oil of United p vacuum Oil 31i open High Low close i miscellaneous industries included Abi Tibi off la to new Low of Al Cockshutt plow found a new Low Al closed to International Nickel tip to smelters closed at new Low of off in the Oil Section losses were sen British american was of to close at new Low of service stations closed it new Low of fool and beverage issues were 13 i 39j 62 10i 38 13 6s 52ia 11 20 11 10 12 17 11 10 26 24v 17 3ecember january 20 1 Oclock 25 at Abi Tibi 10 at 40 at at Atlantic Sifrar 35 at 75 Al 15 at brazilian traction 120 at 200 at 475 at 154t 10 at 60 at 100 at 10 at 25 at 20 at 440 at 400 at Toronto i Richard Bingham May to of to to to to to 1i Castie to to Graham to to Laval Moffatt 1o to to to to Thompson to 3v to to to to Gold to to in Warp to Robb South Sudbury to Sudbury to to to Oil Bunker to o i i part Chiel Conan biting cause to Trio drop in passenger is the extensive unemployment now which Luib eliminated the regular Dally transportation of thousands of office and factory the Low ebb of traction business from difficulties of it More fundamental a these in Brief 1 steadily increasing use of the private pit Csenger automobile congestion of thoroughfares a slowed Down the of All in eluding Street cars Ca cumbersome and often inflexible regulatory measures 4 increasing of descriptions which have made exceedingly difficult the speedy of Trio fires o the actual Rost i Oivi Hijii entire Board of directors j j packers have rendered Large can Dian i Israle Well Uigh Init of sectors of the Brush Colombia from these Adverse Condl were reelected to office at ions will probably be obtained Only the annual meeting of shareholders As re3uic show sex Perici of held Here Selc ton of officers will take place a special directors meeting in it was announced by Stanley presi the Board consists of George Malkon Robert Stanley All of Vancouver Aem Laius and of to Ronto and Williamson of win i the annul which published several weeks was a it was stated that the losses by the company were compar Able with losses of other Large Salmon Canning companies on the Burke announced that the sales of the company under the supervision of the sales were proceeding in i orderly and but arrange ments for the 1931 operations were proceeding Jay new 1okk Cotton Logan Bryan july october up Treasury special United news despatch to free press by free press private the Treasury net balance on May 18 was expenditures for that Day vere customs receipts or the month to May 18 were Montreal Stock the average Price for Twenty representative securities listed on the Montreal Stock wednesday was a decrease of from the average of the average with changes for the past May May 19 May 18 May 16 May 15 May 14 May 13 May 12 May 11 May 9 May 8 May May 6 May 5 May 4 May 2 May 1 april april 22 april april 4prll s7 april april High Tow 32 markets at a glance special United Tress Despal Cli to free press by free press private new May stocks resume decline under Lead or highest Grade investment Bonds erratic High Trade is sues curb stocks maintain most of Early Chicago stocks Call Money per All foreign Exchange wheat closes on buying tending Over steady gains year alter year in the number of passengers carried by rapid transit fact Iris now operated in new and bos ton afford Concrete demonstration of the Type of service necessary to re cover departing built in All cases with City or state the manner in which facilities of this sort have been or Are to be provided illustrates one logical method of solv ing the enormous financial problem involved in any subway Exchange new May 21 change irregular Clay Bills and at 4 foreign s i Sterling cd 584 732 for 60 for Canadian 564 or 1 per discount 391 a 523 lines president estimates april deficit of after fixed year ago re ported surplus after charges of dividend 15 controlling and operating Hiram Walker limited Gooderham limited distillers is bottlers in Bond 1vtotice is hereby Given that Quad i Terly dividend 15 of twelve and a half cents a share has i been declared on the outstanding no i Par value capital Stock of this i this dividend is payable monday of View Corn Oats in june 15 to shareholders of record at close of business Friday May by order of the Fletcher Secretary and treasurer May Cotton loses allot Early gain on local rubber easier on loner metals n Chicago butter and egg futures we will put Ted to kid Yaw rust to our Nuil inf lilt on stocks and Bonds direct wires to All important new accounts solicited on a conservative margin James Richardson sons limited established 1857 City office and Board room 367 main Street phone 44 831 executive offices Grain Exchange Toronto Vancouver Kingston Moose jaw Edmonton Calgary Saskatoon ;