Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 6, 1931, Winnipeg, Manitoba Mining and business naders present irregular Montreal Market Montreal Power and Royal Bank and brazilian easy j a Fri Treal Rich Paton Ken be 5 prices r on the Mon in sym Vancouver stocks so Cham june mines big 20b George International Coal and 8b Pioneer 235 to 70 to Reeves oils 15 to 16 Crown est 9 to 10 Home 18 to 20 Nordon 19 Calgary Oil Market i june 5 open Holch Low close softer trend Assacl tedi Oil Balzac 1 Calmont rued easier and Commonwealth Dalhousie Selling Devenish seeking Gold in the streams and Hills of Southern Manitoba to Wear can in Active Home to the Juji Inoia if closed at i Madison thursdays Fea a hints Anci Point at not at 52 Mercury Model new scour Kalta new resent had been Montreal was of comparative with a ios i Soll dated smelter declined Royal Bank brazilian tru Rii and intermit i at 11 Power at Rich Fields Canadian at 27i both declined Garter were stiff erod National breweries i new 3 30 23 1u 1517 2125 2b 23 45 6k 52 57 Lila 27b 3 30 Isle at Canadian car of preferred at and Dominion s new Low lost at declines Canada steamship preferred at 41 Canada yemeni Power lit and Coal b at the Bridge 4a 15b i1 5b 735a 4 20b 9b Toronto mines mortgage Sale mortgage Sale of valuable City property under and by virtue of the Power of contained in a certain mortgage which will be produced at the time of and under Powers contained in the real property act there will be offered by at his auction 431 Graham in the City of Winnipeg in the province of Manitoba on saturday the 13th Day of june at the hour of ii Oclock before the Fol lowing in City of Winnipeg in Manitoba and being lot Twenty four 21 an the most Westerly twelve and one Hall feet in Width of lot Twenty three 23 in Block fifteen 19 which lots Shewn a plan of Survey of part of lots forty three 43 and forty four 44 of the Parish of Saint registered in the Winnipeg land titles office As the location of the property is on 689 Johns in the City of Winni and the vendors Are informed there is situate thereon a Frame the upper half being House has seven including 4 and has hot air heat and full basement finished in soft Wood with Maple floors the property will be sold subject to a reserved this property is subject to a mortgage for to the Canada life Assurance Twenty per cent of the Purchase Price is to be paid a cosh at the time of the balance in accordance with the terms and conditions to be made known at the time of for further apply to Lamont 1108 Mcarthur building vendors dated at Winnipeg in Manitoba this 15tb Day of Abana is 9 and closed i Ajax 9 o 8i 1100 i abolished a new at at 9ii with ass of p Cut the Bond portion War touched a new Low and Asbe sics mortgage of 4 at i Oil Bank of Commerce led the 3 with o two Point Advance at 202 and Eastern mines As up at metals Iflora 16b in 4 Loa 3 20 4 20 2 120 16100 Point advances wore recorded by do Bathurst minion textile St steel 61 Canada i Good preferred at 30 Uncle Bank of 20 Oil e50 Seal at was his higher at and Mccol Frontenac gained t at fractional were by Bell Power Cana Dian car Canada Power and cock Mutt plow and Lawrence steel of can Ada at Comer t a steel car at Quebec Power at 34 and Bank of Nova Scotia at 290 were All Uncha total tales were colds exhibit mixed and on Standard 20 975 3 n 4i 20 950 975 3 230 1020 5500 2500 1750 1265 4500 100 Pioneer 230 Calmont Oil 61b Canan metals s t i 190 185 ibs Cierley j column to lib Pete 5ub Dalhousie o 25a dome East Crest Eldorado 100 325 7000 1305 20 57 1305 20 58 100 9 1225 Falconbridge 100 Gem Lake 8 Rouyn 135b Homestead o 110 110 Hollinger 700 700 Home Oil 51 51 Howey 24 24 350 400 Oil 1160 1160 nicfcle2150 1175 Pete Pis 915 keelcy25b Lake 61i 62 Flor Canadian truss Shore 2550 2550 june 1250 20 56 90 s 80 695 stocks were affected by a slump on Lacasso the Standard Stock and mining ex1 Malartic although a few Nell i during the session eight issues dropped to new Laws for the year and one made a new Price endowed 36 23 gains and 16 sales volume was Tus gained with shares prices were mixed in the precious Metal Mclntyre and dome fell 25c Pioneer lost Loc Hollinger and tick Hughes moved Noranda closed at Down Hudson Basin Mayland Oil 15b 29b 29 5b 4 34a fio of is 24 350 395 1090 1100 1100 1150 890 900 27a 62 2350 30a 29 3600 500 135 2600 8200 2s5 800 500 2055 715 940 100 thirty years and prospectors panned the creeks that connect up the lakes rising out of the Turtle intermittently since that time there have been stories of Gold to be found in these creeks and within the last two or three weeks a new Rush has entering around Cartwright but now reaching As far West As Killarney and following Badger the original to the International Boundary hundreds of claims have been staked and scores of people Are including professional men and the Farmers through whose land the creeks pursue their devious in fact for two or three Miles Back from the Banks of Badger May be seen the posts which indicate some ambitious Farmer or pros Pector has staked a forty acres of Good farming in the Hope that underlying the Rich there May be a stratum of gravel carrying with it values in hundreds of samples have been taken from the bed of the various streams and Many claim to have found Gold in commercial quantities for dredging while Many were disappointed and found nothing at All that resembled the main end cats at present is the Badger Creek com prising the original Wilson and several some Winnipeg people and the majority of the Farmers whose land has been encroached staking claims for mining purposes in Survey territory is altogether different to the procedure on a surveyed territory and As a result several mix ups were ironed out by Dick of the mining recorders who spent several Days Cartwright instructing stakes How properly to record and stake their a claim consists of a Legal subdivision of forty must Start at a Legal subdivision there Are thus four claims in each Quarter generally As nearly As possible follow the windings of the which in this locality Are in wide some times half a mile Banks Ere precipitous in Many places 200 feet and More in present plans include a considerable amount of surface exploration and then it is the Hope that some dredging experienced in this particular Type of Gold be in the propose in every Case a Bond has been attached to the record indemnifying the on whose property the claim is against while if Gold is found in commercial the surface right must also teas the damage would then be the camera shows out the lower right a View of Lake North West of lower the stake marking a Corner of a claim two Miles East of Cartwr Isbit on the main lower Centre is Badger Creek just East of the while immediately above it May be seen Robinson and Gans panning in Long where they made a new standing to the left of them is to the right May be seen Gans and members of the Badger Creek Banks report rapid gain in turnover of Money while volume in fast four months has not been As great As in last three rate of increase has been consider ably Canadian press in 1928 it dropped from june 159j to of Money in Canadian in Asur metall sales the Dominion Bureau of statistics ing the volume of business on changes in the value of 29 4 2000 Mclntyre 2110b 2150b has been steady increasing during the first four months of this year and while the volume has not retail based on returns by leading Chain and departmental stores to a certain the trend shown by Bank been As great As in the last three Index number of retail Meriand 15a corp 200 200 190 Murphy Newbeck Nipissing noranda1725 Canada Nordon Cor old Colony 1 34a 19 u Kosisko Peninsular Pend Peterson 3 so 1725 20 1 85 1670 190 4a 3 90 1700 1 1300 3b 90a in Nickel was Alto jumped 70c to j in the Oil group cities service 700a gained in a movement of 5 j Ritchie British american was up 25c and Imperial broke International Petroleum closed at a new Low of Pete Antonio new Voe spot Down new Tork december january lurch i39 St Temoer Sterling Basin Sylvan let of Shota 12b 55 45 lob 9b 48 70 12b 56 45 48 70 55 45 48 g9 Teck 685 665 685 Towa Mac 21b ventures 52 70 170 55 70 50 look 170 54 to 1700 6450 2400 300 4300 100 2700 225 Wright 270 272 268 270 4s50 areas by june Treasury net balance for june 3 was expenditures for that Day were customs receipts for the month through that Day were be Cuc travel undo add to the enjoyment of your Busi Ness or pleasure trip avoiding the inconvenience of safeguarding carry credit instead of Dominion Bank letters of credit and travellers cheques Are easily and conveniently negotiable every when you carry them your Comfort in ease of mind and free Dom from anxiety is Worth Many times the slight Cost and while you Are away leave your important documents in a Dominion Bank safety Deposit Box and know that they Are secure from burglary or the Dominion Bank established 1871 Winnipeg main office main and Mcdermot five other in lot years the rate of increase has been considerably in fact in the years 1328 and a downward trend was shown during this period of the reflecting the period of stagnation awaiting the Spring Busi Ness comparative figures for the first four month period in the four years under review show that from Jan uary to april of this year the percentage of Bank debits to deposits in Canadian Banks increased from to an increase of per in 1930 the increase was Only per from to in 1929 the percentage dropped from in january to in sales for the first four months of this year increased Points last the increase was and in no records Are available for the drop in commodity if taken into would make the increase this year considerably greater than last employment figures for retail Trade substantiate the above figures As the Index member of employment in this classification on May 1 of this year stood at As compared with and for the three preceding reduced activities of the Stock markets have offset to some extent the increase volume of retail Penny issues Active in session at coast Canadian press june Columbia Gold and Oil shares featured highly erratic trading session of the Vancouver Stock Fri due to increased activity in cheaper volume Rose to 697735 shares against on the previous declaration of the regular quarterly dividend of 3 cents share by Premier boosted the Stock o that company to 72 in tin late realizing cans de the Issue to drop to 70 practically unchanged for the Pion Eer Gold to during Early trading but dropped Back t at the Ren advanced one cent to after touch ing consolidated broke 3 cents to a new Home of slumped 2 cents to while was Crest lost 2 cents to weekly Bank clearings week ended 3une 1931 losses balance gains on Toronto Exchange Canadian Fross june balanced on the Toronto Stock the Market fail ing to respond to erratic fluctuations in new trading slackened and most losses were confined to Frac of 93 issues 31 were 31 were Down and 31 unchanged aggregate turnover stood at seven new lows were in with the exception of All leading issues were International Nickel closed at la off a smelters was off oils were Imperial and were British american was in the motor group Ford was off Durant was up although steels were irregular some Good gains were registered by Page Kersey and Hamilton losses were taken by Standard steel and Dominion in the Utility Section brazilian traction was off and lost Power was off in the food Section Canadian can ners and consolidated bakeries were Dominion stores lost unlisted stocks and Bonds furnished Bluett company stocks Calgary Power Canada trusts 1st trusts 2nd capital loan commercial life no commercial securities Continental life 20 paid International loan London and Western trusts company National life paid life Assurance com Pany 10 paid Sun life Assurance come of Canada traders finance traders 8 life in Western life 20 Bonds province i960 City British american Oil Burns 1948 City Canada Canadian National bal Var do minion 1956 Canadian Pacific Cit Prev rays Eaton realty 1949 Federal Grain water District greater Winnipeg go Sam Lime 1948 93 50 Manitoba 1951 Massey 1947 Simpsons 1919 United Grain Western 1249 1949 Western steel 1948 City Winnipeg 1954 Toronto curb Ein Bam june i to x 1 to h to i to Castle 15 to Graham Jackson Man Laval Moffatt 5u to 13 to to 2 to 3vi to to Gold i to 2 to Pawnee South Sudbury to Sudbury 1 to 1 to Walsh 19ti to Oil Bunker 2i to Potter i to Oil and Gas holds annual meeting of was elected president of the associated Oil and Gas at the annual meeting of shareholders conducted in George of is and con of Secretary Treasur the directors Are Winnipeg major James and of shareholders were that the company was in Good financial con no announcement was made of intention to Drill another Well in Turner the meeting was closed to press que ont London fort Moose sask sask Alta new week ended june 1930 Canadian Bank stocks James Richardson and june open High Low close Bint 203 202 Bank 208 208 Imperial Bank Kanaue Bank Nova Scotia 290 290 Bank of 213 213 Royal Bank l 237 235 Bank of Toronto 220 220 230 202b 208 208b 201b 167b 239 Sab 239 s 210b 221b revision of corporate taxes greeted with mixed feelings june changes m the corporation exemption of dividend payment by Canadian corporations from income tax and the proposed tax on mergers and holding companies Are interesting to the financial the increase in the corporate tax and taxing of merged and holding companies is apparently designed to collect taxes on cumulated surpluses that have not been paid in the exemption of dividends Fay Canadian companies from income tax to the extent of 5p per but not exceeding partly removes the double taxation hat has been a Bone of Contention for some probably the most revision is the clause which states hat when a new company is formed m take Over the assets of other com either directly or and when the new company issues shares or other like Here will be a four per tax on such new Bonds or if the company or com Janies involved la the merger or the formation of the new organization lad any undistributed income at the end of apparently this clause is aimed at companies having accumulated and holding undisturbed in the Nast one company has been sold to an either a holding or operating and in the transaction the whether it be in Cash or has always been cognizant of the accumulation of surplus rom excess earnings Over distributions to bondholders and Stockhold in the past this surplus some times escaped but now the finance minister proposes a tax of Lour per to discourage this practice and to also discourage Over increase in the corporation tax and exemption of dividend payments will have in the future the government will by a tax of 10 per instead of eight per on net income of corporations but will do away partly with the collecting of the income tax on the disbursements made to Stock holders resident in until the corporations were obligated to pay a tax of eight per on profits and when these profits were distributed to Canadian stockholders in dividends the shareholders had to pay a second tax on the income received this was somewhat of a double taxation and under the revision the government will get 10 per against eight on All net income but will lose a greater portion of the Revenue derived from personal in come tax in the the loss of personal income tax will Only be on the amount distributed in dividends and As compensation the government will get an incr Asni tax on the entire net another wide reaching revision in the proposal to tax dividends paid to nonresident holders of Canadian collection of this tax May present some where the shares Are in the form of registered certificates and dividends paid by Cheque the collection can be made at the source by simply deducting the amount of the but in the Case of bearer warrants with coupons attached it May cause inconvenience to nonresident the net result of the exemption from taxation of dividends paid by Canadian companies Canadian shareholders should encourage the Purchase of sound but the taxing of payments made to non resident stockholders May discourage the investment of foreign capital in Canada through what might be termed an annoyance tax and thus Canadian securities might lose some of their attractiveness for foreign foreign investors in most cases can deduct the amount paid the Canadian government in making their income tax return in their own country and the monetary consideration will not be so they will be put to some How and a Good Deal of confusion is going to be the result until collection is working Montreal Stock averages the average Price for 20 representative securities listed on the Montreal Stock Exchange Friday was a decrease of the average of the average with net changes for the past follow june 5 june 4 june 2 june 1 May 29 May 28 May 27 May 26 May 22 may21 May 19 May 13 May 16 May 15 May 14 May 13 May 12 May 11 May 9 May 8 May 7 May 6 May 4 High Low Price 33v07 193031 net change 20 31 33 1929 mortgage Sale of valuable City property under and by virtue of a Power of Sale contained in a memorandum of Mort Gage which will be produced at the time of there will be offered for Sale by Public auction by at his auction 264 Smith in the City of Winnipeg in the province of Manitoba on saturday the 13th Day of 1931 at the hour of 12 Oclock the following namely lot Twenty six 26 which lot is Shewn a plan of Survey of part of lot Arish thirty six 36 of the i of Saint of valuable City property odder and by virtue of Power of Sale contained or to sued in a certain most Aoe which twi be produce Dat the time of therb be f3r3d for Sale by Public aug by Frank at his auction rooms at 321 Cariton in the City of in the province of on saturday the 21th of at the hour of twe7e Oclock Standard the follow ing property in the City of in the prov Ince of being in Accord Ance with the special Survey of said City and being thirteen 113 Ana fourteen h in Block two 2 which lots Are Shewn on a plan of Survey of part of lot one Ito the Parish registered in the Winnipeg land titles Winnipeg the Vendor is informed that on the property a fully modern eight room Frame dwell ing with Stone basement a Frame stable the property is situated on the South Side of Bannerman Avenue Between Scotia Street and Cross being commonly known As 32 Bannerman according to the official num Bering of said terms of 20 percent Cash and the balance on terms that will be made known at the time of sail for further Ter Sand conditions of Sale apply to Campbell vendors 500 Huron Erie dated at this 18th Day of Tig Keal property act postponed mortgage Sale of valuable City property under and by virtue of the Power of Sale contained or implied in a certain Blamo Randum of mortgage under the heal property which will be produced at he time of there will be offered or Sale by Public auction by at his auction Canada 352 Donald in City of in on in registered to the the 13th Day of at Winnipeg land titles office As the Vendor misinformed that the above property has a frontage of 25 feet on King Edward Street in the municipality of Saint and has a depth of 113 and that there is situate on the said premises a five room Frame cottage with Shingle roof 20 x 30 Kitchen and Verandah 8 i 10 Anc that there is situate at the rear of the cottage a Frame two Storey stable and a Frame Garai terms of Sale 20 of the Pur Chase Price to be paid in Cash at the time of the Sale and the balance in accordance with the terms and conditions to be made known at the time of the for further particulars and conditions of Sale apply to 610 electric railway dated at Winnipeg in this 13th Day of some Canadian mines continue to produce Silver june statement of Ore receipts at the Trae consolidated mining smelting for the period april 2 to in shows there Are few inde pendent shippers at this the contributed 48 tons 9 co 42 48 Wilcox and a grand total of it will be noted that a number of he shippers Are Silver in the and it is noteworthy that hey can continue to do so notwithstanding the Low offered for this Sterling Exchange associated press Exchange easy at for 60 3ay Bills and at 1532 for de foreign bar Canadian 116 Peoples Light and Power omits quarterly dividend of 60c on class a Stock due at Milton Hersey limited Industrial engineers Ana analyses and Cement inspecting and consulting examination of Chemi Dolegal expert metallurgical i Vestiga 233 fort phone z3 mortgage Sale valuable suburban property under and by virtue of the Power of contained in a certain mortgage which will be produced at the time of there will be offered for Sale by Public auction in the auction rooms of 261 Smith Street in the City of win nope in on wednesday the 17th a of at the hour of twelve Oclock the following valuable sub Urban namely lot forty w in Block six 6 As Shewn on a plan of Survey of a part of lot on Hundred and eleven 111 of the Parish of Boniface in Mani registered in the Winnipeg land titles office As and other Wise being known As 17 Cunnington the Vendor is informed that there is situate on the above property a one Storey stucco dwelling House with full contain Liz four bathroom and Sun such premises being offered for Sale subject to a Reserve a prior mortgage to be assumed of and caveats 53722 and 70021 As to build inst re terms of Sale 10 of the Purchase Price to be paid in Cash at the time of Sale and the balance in accordance with the terms and Condi sons to be made known at the time of for further particulars apply Hartley vendors 402 Montreal Trust 218 Portage dated at Winnipeg this twentieth Day of mortgage Sale of valuable farm property under and by virtue of a Power of Sale contained or implied in a certain Mort Gage which will be produced at the time of there will be offered for Sale by Public auction by William a duly licensed at his auction 264 Smith in the City of in the province of on wednesday the 17th Day of 1931 at the hour of eleven Oclock in the the following valuable farm property the North West Quarter of Section Twenty six 26 in the 12 township and fifth 5 East of the principal Meridian in the Vendor is informed that there is a two two granaries and a Henhouse situated on this and that the buildings Are in a reasonable stat of the farm is situated about five Miles fro the Post office of terms of Saile Twenty per cent in Ash at the time of Sale and the balance n accordance with the conditions to be aade at the time of for further particulars apply to Armstrong Hughes 612 Toronto general trusts solicitors for the the hour of twelve Oclock the Fol lowing valuable property is to say in the City of in the province of and being lot sixty one which lot is Shewn on a plan of Survey of part of lot eight six 88 of the Parish of Saint registered in the Winnipeg land titles office As terms of Sale Twenty per cent to be pad in Cash at the time of Sale and the balance in accordance with the terms and conditions to be made known at the time of the Vendor is informed that there is situate on the said property a fully Modem dwelling known As 167 Bert Rand Street in the City of Saint in the property will lie said subject to a Reserve for further particulars apply to Morton 311 Mclntyre solicitors for the dated this first a of notice of tenders province of Manitoba sealed separate tenders marked tenders for travelling Highway i in municipalities of Stanley and tenders for travelling Highway municipalities of Pembina and tenders for travelling Highway 31 in municipalities of Russell and Shell will be received by the undersigned up to 12 Oclock june for travelling approximately 53 Miles of Highway in the municipalities of Stanley and Pem Bina in travelling approximately 2sv1 Miles of Highway 3 in the municipalities of Pembina and cd travelling approximately 11 Miles or Highway 31 in municipalities of Russell and specifications and tender forms can be obtained As follows for project a at 315 parliament build for project b at 315 parliament build and for project c at 315 parliament build and each tender must be accompanied by a bid Bond or an accepted Cheque payable the provincial treasurer of for the amount As shown a the specs Al the lowest or any tender not necessary Highway june notice of tenders 5iunicipahtt of Clements sealed tenders will be received by the undersigned up to 11 Oclock Satur june for the construct Lon of 93 treated Timber Bridge on reinforced Concrete pedestals in lot town of East n municipality of tender forms and specifications a e obtained from the office the Good roads parliament win or from the tenders must be accompanied by a cer filed Cheque or bid Bond in favor of the municipality of cements for 5 of he contract the lowest or any tender not Neces Arlly municipality of june notice n the matter of the estate and effects of James Matheson Lite of the City of in the province of truck claims against the above duly verified by statutory must be sent to the undersigned at 815 Somerset Portage win on or before the tenth in a of dated at the City of Winni this 4th Day of a Blackwood 315 Somerset uan Tobt the real act notice is hereby Given that on or after the Twenty second Day of i upon the registration or a dealing affecting the land hereinafter dispense the production of certificate of title 139809 issued from the land in the name of William of Salton Post in As registered owner of the following All those portions of River lots seventy eight and according to the Dominion government Survey of the Parish of in lying to the East of a line drawn cast of and thiral Lel with the Eastern limit of the Road allowance East of and adjoining the land taken for the Rogn Toyway of the Canadian Pacific according to a same filed in the Winnipeg Landt Litls seven course it is alleged has been lost i office at win titles As and Distant therefrom thirty chains and fifty links on the use of the Northern limit of lot Day mortgage Sale of valuable farm property tender and by virtue or Powers of Sale contained in a certain memorandum of mortgage which will be produced at the time of the there will be offered for Sale by Public auction at the auction rooms of William 254 Smith in the City of in Mani on the 20th Day of the hour of Oclock the following property Legal subdivisions five twelve 121 and thirteen 13 of Section Twenty seven 27 in township ten 10 and Range seven East of the principal Meridian in subject to the special reservations contained Patent from the the is informed there is situate on said a Frame dwelling House and a barn made of title to said property a under the real property terms of of the Purchase Price to be paid in and the balance in accordance with the terms Aad conditions to be made known at the time of the for further particulars and condition of Sale apply to Hudson the vendors 303 Lombard dated at Winnipeg in this 30th Day of Aux Hudson Ormond Hudson spice vendors City of Winnipeg tenders for materials salvaged from Cornish Baths separate sealed addressed to the committee on will be received at the office of the under signed up to 3 Oclock on wednes june for tha materials salvaged from the Cornish Baths Complete list of materials May Boob trained at the office of the but tenderer Are required to inspect condition of All materials and Check quantities before submitting a each tender must be accompanied by an accepted Cheque or Cash Deposit for a sum equal to 570 of the total amount of the an tender not Nece 1931 warily District registrar City june of the Kings Bench in the matter of the winding chapter 203 of the revised l act of Manitoba and amending and in the matter of first National invest ment company the master in contrib tories and shareholders of the first National investment company pursuant to the winding up order in the matter of the above named company dated the tenth Day of the undersigned will on wednesday the 10th Day of june at the hour of Oclock in the afternoon at Hla Cham Bers in the court House in the City of Winnipeg in the province of appoint John Campbell Kyle or such other satisfactory or proper person or Corpora the permanent liquidator of the above named company and let All parties then dated at the City of Winnipeg m Manitoba this 27th Day of 1m1 Morrison cities of weimpegan4 tenders for lighting equipment for new main Street and nor Wood sealed addressed to the chair joint Norwood Bridge will be received at the office of the City up to 12 Oclock noon on june for Supply of combination trolley trolley lamp bracket Sand for the new main Street and Norwood instructions to specifications and form of May obtained at the office of the 223 James the lowest or any tender not necessarily joint Bridge City june ;