Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 27, 1932, Winnipeg, Manitoba 3 free press mat 27, 1932 14 Wixx Peg free press -mijja.y. Atal 2ri, Ontario mines produced in Gold Bullion during new interest in sales tax brings robust recovery adds momentum to upturn at new j Sharp increase in volume j Exchange takes action against Bear trader associated press despair to new York May new York Stock Exchange took its most drastic action today against a member for Bear activity thus far in the decline. Daniel Manning Mckeon a Pri vate floor trader suspended for one year under provisions of the Constitution forbidding the offering of Stock in a manner de signed to the Market. The announcement said that Al though Mckeon s offers were not accepted and did not cause a de Cline in he found guilty of the charges by the governing committee. Marked weakness develops under steady Selling Northwestern Section gaining in importance As Gold area Moss added to list of sixteen producers of land Lake now High. Record for Bullion output. Montreal leaders touch new Low rally at close of session special United despatch to Trot by i its i a rival Vire by Otto k. Sturm Tulli in i Russ i Nian Clyl writer a pm May 27. Spirits were pegged up a a Uniec front pee wa., gain Etc Olson hosed More ins favor in both Liou a Aud Senate Ait Sharied a rally in stocks Bonds and commodities. At the end of the . Mer i position of a Lew issues. Coincident with the Rise in stocks i stocks like Montgomery j the turn Over the greatest a increase in activity. The j Ward Sears Roebuck climbed j year amounting to largest number of issues since Las sharply Lingher on a Rise in wheat shares of this total National Canadian press despatch i Montreal May steady persistent Selling on the Montreal j Stock Exchange thursday morning. Financial drought about a further decline mfg notches i and showed losses of 1 to 4 Points. Values with mos of the Tux and closed higher. Union touching new Low 5s to level for quite a few years. A than a Point moderate rally in the afternoon in Mie u.1ul not so Romish As the Auburn Auto showed a. 2 Point j rally la Wall Street improved the december traded in and the Day s i which accompanied the Stock rear came closer Colket rally. Grain also slumped Early turnover of breweries absorbed sales Mon Treal Power and Canadian the 2.000.ooo Marl than St any Tom Elxnit recovered to near the previous be conc since Early april. I closing Levels. Canadian Pacific a weak spot or Rovery is it apart led by United states government j in the morning touching a new before the turn crime. In the Early j issues the Bond Market perked Low at 8% but the first to re Stock had been forced the governments were the Only j Spond to the afternoon Rise and Clown to new on the Bear group Able to overcome the effects of ended the Day at 10, up net. Movement but the recovery j an earlier decline and close higher. International Nickel Bel Tele phone brazilian traction shawl no Toronto May the value of produced by the mines of Ontario according to government figures submitted for the month of april. This represents a. Decline of from that re ported in the preceding month of March but an increase of Over april of 1931, due chiefly to higher Mill tonnages. For the four months of this year the province has registered a total output of compared with in the four months of 1931. There Are now 16 Gold producers in Ontario Moss Gold mines in the Northwestern Section having been the latest to come into production. Individual mines in order of output for april were Shore Hollinger. Teck Hughes Mclntyre dome Wright Hargreaves Howey Sylvanita. Con Aurum. Kirkla us Lake Gold Minto Parkhill Barry Hollinger Moss and March. The decline for the month As compared with March entirely due to lower a production. From the Porcupine mines which decreased to the gain of s145.538 by Kirkland Lake mines which brought the total for this Camp to a new High record to Date of not sufficient to offset the loss in the Porcupine Field the improvement in the Kirkland Lake area due to larger production by Lake Shore and Teck Hughes mines. Of special interest is the fact that mines in the Porcupine Camp treated tons of Ore with an average recovery of approximately per ton while Kirkland Lake mines treated tons of Ore with. Recovery of almost 514 in Gold per ton. Moxt1ily output of Ontario Gold mixes Gold and Silver values ------1931----- Ore milled tons total value -1932 rapid when t Rte i from washing before the liquidation stopped Exchange i practically every Active Railroad Issue ton invaded the Stock Exchange l practically every Active Railroad Issue Jan Mccoll Frontenac National floor. Shots scrambling to cover i on the Board had Ben driven Down j breweries and Montreal Power All aided impetus 10 the upturn. Us a. New Low and corporation Loans j went to new of ground and in steel jumped from 37_ i to fared Little better. I most instances closed barely above Cotton stumped Early on the fail the Bottom ure of an old Liverpool brokerage Nickel s new Low established american Telephone. 92 i to general electric la i to can 3553 to is s. Standard of new Jer sey 23 i to and Allied Chemi Cal 49 to 53. Short squeeze develops a real Short squeeze developed in j Dupont which soared from to j 20 when the Market rallied. Al j House but losses later rallied. Recovered most of the when outside markets Metal Market i Hough some of the top prices were shaded before the close leading stocks were up fractions to More than 2 Points fit the close. I another Selling barrage against tobacco stocks aws a feature of the session. Although they rallied later the rest of the list shares of associated Tress despatch a pm York. May quiet j All Lime Low on thursday electrolytic spot and 2. Off future 5% tin easier spot and at 4vj, eventually closing at for a loss of j. Bell Telephone broke 4 Points to 82, closing at that figure brazilian eased to but closed unchanged at 9 . Power off 1 at 16 silk lost 2 at 2 Canadian Industrial alcohol i went to 60 cents off 20 cents an Hamilton Bridge at Mccoll Frontenac. Off source and period Purcis Pine Calendar year 3.091.946 monthly average january _ february March 253.553 april Kirk lunch Lake Calendar year monthly average january february March april Northwestern Ontario Calendar year Ore milled tons monthly average january february _.-. 20.75 future 20.95. Iron quiet. At i Montreal Power off 1, National breweries off 1 at at unchanged. Lead Dull spot National steel car off at i York 3.00 East St. Louis 2.90. Zincas Shawin Gau off i i at the croup were lower at the steady East St. Louis spot and us steel of Canada off u at Reynolds tobacco b the most i Jure 2.87. Antimony 5.12. J were other issues to lose ground j Active stocks on the Board spurting j at Copper spot gains were few. Lake or the irom r Low of 27 j to and Clos-js27 10s future 7s 6d. Electrolytic Woods advanced to ing at off 1. I 15s future 35s. Tin sugar picked up a Point at 23 hails and a till los Wetick spot 10s future 10s. Consolidated smelters and Dominion j rails and Tetil tics which Hud been i spot 12s 6d future 2s 6d. I Bridge were fractionally higher j dumped again in the Early trading Zinc spot future 5s. Bond sales were j april total for province Calendar year monthly Jive rage january 394.233 february March 402.055 april 1.649.43b h4 b4.36s 55.445 61.682 274.095 258.797 259.218 total value 425.332 436.759 in try n u 1 v Vlaj new York stocks. Logan i Bryan members new Tork Stock Exchange May 26. Open he fun to close Che. plish lot May 20. Open Haj i Low close l metals Alaska Tun ran s0i_ it an. Fivi Anaconda i 3 Ca Lurf. Hecla 2 5 Ctorn Rie Pasco dome is ties 100 ova 31 b Granby 3 6 it. Nor. Ore 200 6 Howe sound x25 i 3v inspiration__________74 _1. 4u int. Nickel 4vi 53 Kenn Scptt Mckee. Tin 4 00 _ so1, 32 2r t Nevada 2 43 t National Lead c500 co 111 i. Nora Tia mines 12 i j2 pm cups Dodge 4% 4 St. Joseph Lead h1. U. S. Smelt. I.100 ii a 3va 11 1 motors aliud accessories .-4-1 i -1 ii 314 no 1 Ani of s a is la 33 is 30 Auburn 2 aviation Bendix avio go. 3 i Meriggi mfg. _. Collin f Aikman _ 5 a Chrysler 1 Continental motors _ Curtis Wright Curtis Wright Enton Axle 9 i elec. Auto it. 34m. 5 in 1.1 1. Is 5 11 in 2 7 l 2 1 12 i 1 i 3 7 m. Stor. Batt. 300 Firestone 100 Gen. Motors 100j_ Goodrich tire _ Goodyear tire Gra Riam Paige _ Hudson Hripp Kelsey Hayes Mack truck rx25 _ Mullins body Murray corp. _ Nash North am. Avn. _ Overland Packa Lri _ Ren _ _ Stewart Warner Studebaker United aircraft 0. S. Rubber _ _. Yellow truck 3 5i s1. I a k 3 i 9w it 11 a 15 us k a 2k slim 31-4 3v4 bar is. In 14 17 1154 3vi pm 1% so 2k 1h Al so 16 31-k 9v. 2ts 3 3 2 i 1-h 17 j1.3 to 3 in a 14 m j in. W j in. Vie in. In. 4 6 7 27u Isth 2cai 31-i 13% 911 16u 137-Li 48ti i61i 15 a 12 i 22% 15ti 40 37 121 60 .14 15 i 10 i 50 3 4u s Isu 10 16 1 9 211 3 As 11 i 65 is 42u 3 a 13r 16 a 201. Sou 37 19 i 51 14u 18 u 414 kills vis 185. Pure Oil. Richfield Koyal dutch Shell Union. Minims Pete. Sinclair cons. Socony vac. Fx25l stand of Calif. 20c1 stand or n. J. -100 Texas corp. Fioti Texas g. Sul. T200 Tidewater in. Oil of Cal. X35 utilities an. And Are. Calculated on the basis of 1926 equals 100. A following Are the indexes for thursday s session Soi dust. 20 rails 20 Tutu. 90 Stock. 1932 High 69.93 40.11 111.78 1932 of 3852 14.14 60.67 last close.-. 39.74 14.59 63.18 thursday s opening. 39.41 14.51 62.49 11 . . Time. 39.19 14.28 52.32 noon . 38.52 14.1. 60.67 i . . Time 38.54 14.19 61.24 . Time 39.94 14.92 63.18 close 40.31 15.11 63.80 71.74 39.61 39.40 38.64 38 82 40.15 s 40.5t Lessee of Oil and Gas rights from the Crown while the new Mcdougall be Gur company is a direct Lessee. A Factor leading to withdrawal of Richfield from the court actions the announcement of the Gas Causer vation Board that until the spooler suit decided no Effort to enforce the regulations on other Val j Ley companies would be made. New York Cotton of Logan Bryanj May 28. Open. High. Low. Close. December january _ March May july october 5.si 6.03 5.3s 5.93 6.01 6.10 5.9s 6.07 _ 6.24 6.13 s.2 2 6.30-, 6.30 6.37 5.54 5.65 5.52 5.60 5.18 6.89 5.76 5.s5 december january _ March May new boric sugar Logan i Brail May 26. Open. High. Low. Close. September .80 .85 .61 .63 Sterling and . Weaken Montreal May the Canadian dollars which no suced in the Early week appeared thursday to h Theu. For the second of cession the British Pound v United states Dollar lost relation to the Canadian f Sterling dropped a Ruthb. Cents following a two wednesday and closed at to United states Money at Premium compared with it ii essay and on Hondo 1 being a Holiday. Winnipeg Bank a beatings 5 we Etc ending May 26. 240, a decrease of the total for the in 1931. Close 1 4 27.va 101 i 2 5 10li to 111-i 3 32 10 2 2% 25 4 75 10 b 11. Lit 32 Fin 10 100.50 101.35 n in. Service 5 no. 1936_____________ 5 . 1941 broken lot. 93.bo flt.65 31.65 89.90 89.00 90.65 .17.75 84.50 12.7.i 92.75 30.75 31.75 91.50 98.50 97.50 15 9 1.t 52 Sis 185 15 9 i Toronto stocks James Richardson a sons j May 56. High. Low close mines and oils mines Abazia Algonquin Amulet Arno Barry Hollinger _ base metals bldg cod big Missouri _ Castle Trethaway _ Central Man. Domin. Exploration Falconbridge. Gam Lake _ Howey Gold _ _ Granada Rouyn Hollinger Hudson Bay int. Nickel Kirkland Lake Lake Shore macassar Man. Basin Mcleod Hiver m. Corp. mining corp. Moffatt Nipissing Noranda fend Crellin Premier Rubago san Antonio Shirritt Gordon Siscoe Sudbury Basin Styli Anite a i Tec s Hughes ventures i vip Onri 11 39 Wiik 11 45i 41 714 in is 3 in t 4t4 i 11 17 i .1 1 1-- a i5u k s i 5u i i 2.1 i 2914 27 s91i 41 37 i i s so us 3m Juji in Jou 141. Jim us is i so or 2 m Loli a Ali in. Vun. .4 114 Hargreaves ohs acre Ajax associated of Calmont chemical research Commonwealth Dalh Ousie East rest Foothills Home Oil Imperial Oil inter. Mayland Merland Nordon Oil selections Royality Sterling. Pacific 14 30 Westing. Al. X25 _ Wool Worth f 340 Worth Lincton Les--10.30 ., 200.000 noon . 1.500.000. Total sales 701mjoo 1.30 t.900.000. Money 27 to l 100 ____100 a no no 100 no. No 100 ____10d 100 no no no no 100 no no no no. Ion 100 100 no no 500 500 100 500 no no too too no Roo 100 no no ___100 100 no too no 100 100 100 no 100 he 100 no no no no. No no 100 no 500 no. No no 30 it. I 3 1075 91 50 i 3 i 450 103 460 21 2650 21 3 ii 1475 63 to 2 1100 95 60 h 60 460 115 465 24 2700 21 i 1500 85 1375 33 60 1395 221. 5514 15 441. 321 2014 212 8 70 5 50 3 19 8vi in. 6 6vi 3 2v4 400 4 39 23 56v 1 25 45 324 22 30 218 5 5 g 1u4 Canadian 11akk. Stocks James Richardson sons May 26. Open. High. Low. Close. Can. By. Of com. L.17b _ 37b Dominion by. 141 141 141 Imperial blk. Of c. I42b Kab Banque can. 130b Job blk. Of n. Scott 2431-ib __243 a by. Of Montreau 170 170 165 ibs Royal blk. Of Oan. 140. 140 130 133 by. _ 164b _ _ i04b Missouri. Kansas. Texas april net loss alter All charges Eains t 3217.594 in april 1931. Four months against f. N. Burt. Can. Bud. Brew. _. Can. Canners Canada bread. Can. Dredging can. Bakeries can. Vinegars can. Gen. Elec. Canadian Oil bakeries. Cons. Industries cons. Gas Dom. Stores Dom. Motors. Ford of can. A Goodyear of can Gypsum l. A. Hiram Walker Kelv. Of can Laura Accord Lon Law Maple Leaf . Maple Leal pro. _ Moore , ont. Equitable photo Sng. scr. Stat. stand. Paving super test Waterloo . West. Can. Flour _ open 3b 10 a Loob s in 5t-o 145 Nixb 18 it a 5 la 2 lib 3 a i 3b lob 11 3b 13 in 10v4 7sa i _ 3vih 2 via 7 i 7vi 1 1 10 i 10 i _ Loob still 5v4 5 .5 _ 4.1 _ 145 vib la1. 2a _ 15% _ 6% _ 2t4 3 .5 51a 2 la 3 4 ;