Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 11, 1932, Winnipeg, Manitoba _ wikn3peg free saturday it Joe 11, 1932 13 mining and business witnesses in action against conservation Board disagree Stanley simper says Gas flow will outlast Supply of naphtha a or j. A. Allen believes Gas might be exhausted in two years. Ica Gridlan Tress despatch 10-submission of evidence in the civil action Ollu. _ Oas conservation Board last e. Canadian Western staid that there w a Viti. U Slipper Power Comparri Alley after All the staff ll1 Valley if ta.0 years. Or. Allen s Kali Lam eur. Allen was last witness natural Gas. Light heat and Ould be plenty of Gas left in the had been produced. J. A. Allen Geo of Edmonton declared the life of the maintained might abruptly end in about by beln.3 Caile " in Insel for the Gas con porosity of Rock in the area was -0 a Etalon the amount of in million Jie to mated the total possible a Ltd at How much is or Smith. Left now Oner Ray 4001 billion cubic Icet have can out of area up to several my nuns or. Allen replied. I life would that leave the or. Smith two witness replied. Mian was critical of some of. Made by geologists concerning the Valley and declared Mam of them were not founded on Jact the idea is prevalent that i inv Rock of the general character of Dolomite in Albert should fee Gas he said. That is another fallacy. It is not uniform in com us his evidence. Or. Slipper mid the naphtha could be taken irom the Valley and when it was a com the 5as flow would continue or Slipper offered no estimate of the life of the Valley but was certain was flow would outlast naphtha re metres is estimated the maximum amount of Gas required by Southern Alberta system was about seven Bil lion cubic feet a year. Standard list shows improved Price tone Montreal Stock averages the average Price Lor representative securities listed on the Montreal Stock Exchange Friday was 13.30, an increase of .13 Over thursday s average. June june june Jano june june Juno May May May May May May May May a May Mav May May May May May High Low aver. Price 33.30 13.17 13.26 13.41 13.41 13.r1 12.8s 13.44 13.26 33.40 13.85 15.63 15.93 16.80 16.92 16.b1 16.90 16.r3 17.4o 17.32 17.57 17.01. 18.79 18.90 18.74 1932 1931 36.90 48.09 32.85 26.38 10 9 8 7 6 4 2 1 31 30 26 25 23 21 20 13 18 17 16 14 13 12 11 10 net change .13 .09 .15 Emch. 10 a .46 .5j 4 .18 .14 4 a .00 .33 .84 .12 .01 a .01 a .01 .51 .12 .05 .04 .11 a .16 .03 1930 59.46 38.01 in february in1 5 per cent Bonds at 95, is now quoted at 98. The Board was established by act of parliament six years Agoto effect the distribution of electricity through the Gridiron system and develop the use of Power. Throughout the United kingdom. One of the brightest features of the Stock Exchange at the moment is the strength of australian government stocks due to belief the common wealth and states Are at last getting Back on a sound financial looting. New South Wales stocks since the fall of the labor government last month have particularly improved. The new British Columbia Provin Cial Bonds at five per cent remain at a fractional discount. Toronto mines Acme Oil Ajax a. Amulet i area Arno Alexandria Anitac Oil a. Hoil Lnger. Base Ivel Bidgood big miss. Bunk. H sex Bingham Mckay Ltd june 10. Open. High. Low. Close. Sales. 9 65 lob in in. _ 400 65 100 i in 1 1000 i 2000 "500 5 370 Vancouver stocks mines Bayview la. Bis Missouri to 5vi. Cotton Belt 9a. 12 to 14. Georic Copper 25b. George River Zub. George Enterprise . Grandview 2 to 3. Kootenay Florence la. 3 to National to 1v5 Noble five 2 a. Oregon Copper la. Fermi Orielle 35h. Pioneer to 360. Porter Mckay la june 10. 5 5 _ hib. . Pioneer 357 370 357 Brett. Treth 5vib Ebojo _ 2tia Brownlee i 1 _ 1 16500 c. E. Cor. 15b _ _ Calmont. Oil 5a Oasis. Trelah. 16a---- Cen. Man. _ of. Chism. Kes. _ 63bb.ia olericy___1 1 i 2000 c Leahh p. 5buan. Kirk. _ 2a Dom. Exp. 1500 Dalhousie _ i4a dome____1035 1050 1035 1050 170 is Dorado _ Kun ii7 80 87 4800 Falcon. _ 55 55 50 50 350 foot h 63 Gem Lake in _ i a Gran. R. 5t 50 _ 50 400 Home. O. G. 9vi 500 Havkin Gold 1 i 1 3000 ifollir.ger___435 440 -135 440 730 Home Oil 13b g. _ 34 34 33 33 700 h. B. Mill. _ 150 560 150 160 150 int. Nickel _ 450 4b5 450 48.1 310 Kirk. 22 22 _ 22 1100 Koot. A. Is _ 1000 Lake 2525 250.5 2525 200 Moss 27 26l-j 27 1000 macassar 20 20 20 1000 Man. Ensin _ in Marland. Of. Mclntyre .__1550 1550 1515 1515 180 Merland o. So _ _ Mol fat h. G. 7db Mcleod. _ 2000 Newbeck in i a _ Noran la 1355 13so 440 Nordon corp. Olga Oil is a Oil select. _ 36 41 pen. Pete Pend Oreille Premier rib ago Nib Ritchie in 40flb St. Anthony san Antonio 30 Shiriti 2hv Elscoe 60 Sud. Basin 18b Sylvanita _ 40 tas liota in t. 330 Towa Mac 15b 23 Vipond 20 w. Harg. 220 35 211 60 35 350 41 100a 30 57 20 i 20 225 218 40 330 200. 20. 213 receives appointment 1. W. 1iotxtxgworti1, whose appointment to the Post of Secretary treasurer of the Shevnin Williams company of Canada Ltd. Has just been announced. Previous to his promotion or. Hollingworth assistant Secretary treasurer of the company having held that Posi Tion since 1925. Operating profit of Imperial Oil declines in 1931 til 1 totals the unlisted issues the most Active Stock of the Day sold up fractionally to 10 closing unchanged at Noble five the Only Issue to show a soft a Quarter to 124. Although sales were Light in the Olls station the Active issues Fol Lowed the trend the mines show ing a firm tone. Sterling at 6% gained a. Quarter while Crow s nest at up an eighth. Unfilled steel orders reach new Low in May discord in one Camp and Harmony in other on eve of conventions by j. Washington d.c., june eve of the National party conventions at a Mcgago there is discord in one Camp arid Harmony in. The other except for one sour note which the experts May before the band strikes up. The republicans first to meet will be called to order in Chicago s steel and Stone stadium with seats for 19.852 people on june 14. They will be ready to go Home by Juno is. As their programme and dried in Advance. They Are quite sure to re nominate Herbert Hoover of California for president and Charles Curtis of Kansas for vice president. They have picked their Keynoter and convention officers. Their platform also is known ahead of time except for the prohibition Plank. The political experts Are working hard to produce a Plank accept Lable to both wets and Drys. Should this be achieved most of in Kenny a delegates will enjoy a grand four Day Jamboree while tie on m Scnora area party no Sulu a tie despatch special United press despatch to free press by free press private wire new York june 10. Tji filled orders of. The . Steel corporation during May fell to a new Low since formation of the company in 1901. Decreasing tons to a total of tons on May 31. On april 30, 1932, tonnage was on March 31, 1932. 413 on feb. 29, 1932, and on. May 31, 1931, Shaft sinking planned Kendra out., june contract to sink a Shaft to a 200.feet on Kenora prospectors property at Shoal Lake has been let by ventures limited it is Learned Here. At this depth the contract Calls for. Some Drifting work to be done. Latest word from the property is that High Gold values have been found in current development. Shoal Lake lies to the Northwest of Lake of the Woods and touches the Boundary of Manitoba. Metal Mak Kkt. Slightly More than Canadian press despair i Toronto june pro fits of Imperial Oil Ltd. Declined slightly More than during the year ending dec. 31, 1931, according to the report issued at the annual meeting today. The report had been delayed As a consequence of demands made upon the com Pany s accounting staff for the Pur pose of the banking and Commerce committee investigation at Ottawa. Operating profits totalled before deducting Dominion income tax As compared with associated 1 Ress despatch York june quiet on Friday. Electrolytic spot and future tin. Firmer spot and nearby 19.50 future 19.80. Iron quiet unchanged. Lead steady spot n r new tort 3.00 East St. Louis 2.so. 1 011 Zinc firmer East St. Louis spot to and future 2.30-82. Antimony 5.12. Quicksilver at Copper spot. 10s future electrolytic spot. 10s future 10s. Tin. Spot 15s future 5s. Lead spot 12s 6d future. Zinc spot 7s 6d future. 15s. Canadian press gallic. 1 London. June the Bank of. During the preceding the report stated. Earnings from 450 vestments principally outside c unlisted stocks Lames Richardson Canadian press by Patch Toronto june 11. Firmer prices with increased trading interest Fea tured business on the Standard mining Exchange Friday. The betterment in trading was largely due to activity in Penny stocks As higher priced issues experienced but a Small turnover. Sales totalled 141.000 shares compared with 59.000 shares on thursday. The Price ratio shows to 23 Ains against 10 losses and 13 j wines unchanged to 45. u Tinne it. While the share turnover in the base Metal leaders Light inter j National Nickel jumped 32c to s4.32 a p Moranda recovered 25c to and Hudson Bay moved up ids to si.60. Mclntyre was the soft spot in the fold Section dropping 25c to Siscoe closed up a Point to 61c Lake Shore gained to 325.20 borne at ud.35 and . Pioneer at each Loc. Eldorado Rose six Points to 87c. Teck Hughes pc to and up a j o 5. 3ub. 6a. C. A. Corporation 13 to common 7a. Oil to 3 u a Homic 9 to 10, Crest . Fabyan u 1 to 3. ?.b. Home 17b. . Point closed Ai the most Active issues were Mal Roble with a turnover of 000 shares to close up to bid Good shares up a halt to 3s, c.i1. Earn sos Merland 5 Mcdougall Segur. 3s. Mcleod 32 j to 35. City 6a. 425b. Spooner 12b. Sirrien Pacific 5 to 7. United Nea . I Alta. Wood preserving pad. I Burns units Canada packers com. Canada packers can. Cable pfd., . Canadian industries Canadian industries old. Can. Vav a Singhouse com Canadian investors corp. Can. Gen. Invest. can. Wisl. Natural Gas pro. Calgary Power pad. Phase. A. In. Units Dom. Foundries ;