Winnipeg Free Press

Thursday, June 16, 1932

Issue date: Thursday, June 16, 1932
Pages available: 24
Previous edition: Wednesday, June 15, 1932
Next edition: Friday, June 17, 1932

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Winnipeg Free Press (Newspaper) - June 16, 1932, Winnipeg, Manitoba Ikee press thursday june wednesday s Grain livestock produce heat recovers Early losses close higher Winnipeg Grain fluctuations uly Cut. Open. 5414 toss syn buying for Chicago and Eastern accounts responsible for Advance Grain Exchange Winnipeg june and Sonie dats july oct. Ilsc. J july oct. Dec. July oct. Dec. I Ijuin oct. Dec. 33 a 33 37% High. 58% 29% 27 33 76 37" Low. 53% 56v, 37 33 70 73 33% 3514 a Winnipeg june 15, 1932. Close. Prev. Close last year. 55-b 57% 58-b 33 a 28% 33 a 72 a v 34 is 54-b 57 25 38 us a 34 71b 74% a 77a 3 5-% a 3653 61 62 visas 29% 30-h 30 34 106 100 110 3614 3s1.4 30 a oct. Cheats minute by minute some evening Liverpool opened and closed Julns any they had i Case the buying Lars Buvin Winnipeg overnight trading Roult All t Voort connection., done nothing m Early and 50011 those and advanced improvement heavy Boivin by Eastern Nivio Crin -. W Anu a nue firmed up higher. High. This season this this week charted Liy bras. Brain . Ltd. Huron pc Erie Belg. Liverpool wheat futures the following were the. Closing quotations the Liverpool wheat futures Market translated from British weights and Canadian bushels and Money at wednesday s approximate Exchange Between Banks wed. Tues. July .59% is .63% .63 hogs 950 Bacons mostly sheep and lambs 360. Bulk of Good lambs Lew of cattle killing classes 2sc higher stickers and. Feeders Strong 25c higher. Hog sheep s. Of cattle . Market generally steady. Hei Kusk station Winnipeg. June 15. Reported up 3 Strong weight steers . Price Price 5.50 4.50 5.25 4.00 5.00 Hant Veight Killino stub bus 5.75 s70. 5.75 940. 5.50 850. 5.50 5.25 910. 5.25 5.00 fed calves 600. 6.25 710. 5.50 690. 5.25 650. 5.00 620. 4.50 920. 5.00 900. 4.75 4.50 850._ 4.25 920. 4.00 940. 3.50 650. 6.00 620. 6.00 910. 5.75 820. 5.75 competitive Export prices c l 1 is volume of any of tuts wire new York asking As the cause of the Chicago buying confirmed the buying but is be a r and possibly that was Ood ?.n explanation As any. The Tel a much of interest Nern Ocil. by the Canadian foil win 1 heat quotations were supplied today by Broomhall Liverpool. All prices Are . Cot insurance and Liverpool per Bushel Canadian Money Veci. Tues. Unquoted 64 i 63 63- a 61 62. Anauo de 1 Manitoba Northern. Vancouver shipment june. 2 Manitoba Northern Atlantic shipment june. 2 Manitoba Northern Vancouver shipment june. -3 Manitoba Northern. Atlantic shipment june. 3 Manitoba Northern. Vancouver shipment june. Argentine Baril. 54 shipment june. Argentine Rosale. 54 pounds i1, shipment june. Australian wheat shipment june . 1 hard Winters Atlantic shipment june. S. White Pacific wheat shipment june or russian wheat shipment june. Una sep. Up above quotations were converted by Broom fall 01 interest ?.o a Exchange rate of and reconverted into can 63 6462 u 63 unquoted a seven Adlan cur 710. 5.75 650. 5.75 decree show cattle steers and heifers 750. 6.50 940. 6.25 870. 6.25 770. 6.25 860. 6.00 r20. 6.00 770. 6.00 Butcher he fees 910. 5.00 920. 870. 5.00 900. 4.50 b90. Cows. Canners Cotters 970. 870. 820. 350. Butcher 5.50 s.50 4.25 4.00 4.00 and 3.50 3.2s 2.50 2.50 i Dav Terlinski vol announcement that the Rency at 84.24, wednesday s approximate Exchange rate Between Banks. Nian commercial treaty with prance e3 far renewal Eipl res tonight. Total clearance of wheat and flour monday were bushels versus last year. Cash. Wheat. There a Lull the demand or Cash wheat Lurins the morning. the Early part of the session a few Odd cars of . I Northern nid . 3 Northern St Grain quotations . Markets Chicago wheat open High july 48-4 sent Vij tuesday s i dec. List locally better thai. Closing difference hut near close spread 3 generally were july -9 changed a fraction easier. Offer i sept continued Light and Millers re dec. 32 ported the flour situation unchanged both Export Anci Domestic circles. July 20 wheat delivered by Farmers sept 20 i he Prairie provinces country dec. Rec gators and Over loading plat forms tuesday totalled july compared 407.000 the Day a year i dec. 35 5054 june 15. Close 557 31 21 is 4 37% 0934 315s 33 i 30 32 34 37 coarse grains. Apart from a a Ord cars of Oats Riltia Tor both Export and Domestic use Camii interest coarse grains very indifferent. Fair buying re presumably sympathy with treat featured the futures markets. Trading Oats Barley and flax was rather indifferent and values Gen trally moved within a narrow Range. The farms there is Little country Selling. Ordinarily there would be attempt clean House before the new crop began move. This suggests that supplies Back have been used up closer than supposed and also that if there is disposition sell a the volume of new crop Selling also will Small especially the Jig surplus sections of the West. Shipping news passed Tlle Soo Salt Ste. Marie. . June.30 ., wednes Day harmonic. 12.30 11.30 Day. 3.25 2.00 3.00 1. 2.75 1.50 2.75 960. 1.00 bulls 2.00 1.50 1.90 1.50 1.75 1.40 1.75 1.40 1.75 1.25 1.60 1.25 1.60 1.15 stocked steels and heifers 670. 3.50 610. 2.50 610. 3.25 580. 2.50 720. 3.00 620. 2.25 650. 3.00 560. 2.03 630. 2.75 calves 260. 4.50 180. 3.50 220. 4.50 190. 3.00 4_. -1.25 200. 2.50 220. 1.00 160. 2.00 Iso. 4.00 Iso. 1.50 lambs 80. 6.25 65. 5.50 65. 5.00 close. Mining and report promising Gold strike Northwest of Island i Rich samples Start Stampede into new District expect Many claims be recorded activity Cranberry Portage special the free press tie pcs man., june 15. Reports oct a big Gold strike big Stone Lake some 40 smiles North West of Island Ake Vias treated a Stampede from the p Island Lake area into the new find i and there is Prospect dozens of e new claims will be recorded within s the next few weeks. Details of tee strike Are obtainable Here but c s definitely teamed the samples t brought into Island Lake were Richer b than the ones brought Winnipeg ii that started the Island Lake Rush this u summer. A five or six groups Are the Field the Island Lake area while the is nearing the end f their drilling programme. Field devices state drilling results were promising that next summer will probably see of. Another epic eight haul into that area bringing la lament into the Camp con truck a a Pilot Mill for the new area. is expected ventures will Drill Aims North of Cranberry Portage ils summer. At Herb Lake the North flush mining killing . Is Mak preparations for its first clean a and the first Gold shipment from Erb Lake years its Way d the mint at mines score gains brisk Toronto Mckay limited june 15. Open. High. Low. Close. Sales Barm 3b _ 5a erne Oil _ 9 9vi 9 9v 700 65 70 65 70 2100 p. Con. 4b mulch 9b _. _. Is a run 1 a 1 a 3000 Rno 1 1 5000 soc. Oil _ 5a _ Altac Oil Hollinger. "3 i 1500 use metals 30b _. I Good 1% 2% 2000 a miss evil link. H. Exc. Pioneer 350b rett Treitli 5b Obj j i 3% 3h 13566 Row Lee _ i e. Cor. 15b air Oil 5a a. Nob _ Iea sent. Man. 4b Canadian Toru uru. June 16. Noticeable a pro vement both trading Atid Price action developed the Standard f Stock and mining Exchange wed f mesday. Sales volume at t shares was the highest for the past f month. The better meet trading i for the Board and gains i exceeded losses by two for one. Of 52 issues traded 28 registered Price j gains 16 declined and 8 closed e changed. I the base Metal Section was promo j nent. International Nickel Rose 45c e . 20 with shares out. Hidson c Bay advanced 30c leaders the Gold list developed c a stronger stand under steady of cumulation. Mclntyre advanced 50c Hollinger recovered Loc j4-. Lake Shore fell 30c s25.05 and dome lost Loc 1 Georgia River leads firm coast session Abi Tibi first Mortgu it has been announce the present Sidi Aries have been comp interest due june 1st." t sary that holders of the b the undersigned have of. The Bonds Are urged or dated As. Of june 10, 1932, or sub depositories listed Bonds May be Deposit should be accompanied by depositor should advise t Bonds As. . The name which the certificate be. Sent. Certificates the Deposit agreement Pense at any. Time within publication of notice of t Bonds should be dec behalf and the Inte j 5 Canadian press despatch 3 Vancouver. June 16. Led by 5 Georgia River the mines and j Crow s nest . The oils Active Issue d at both divisions worked higher 50od activity the Vancouver Stock 3 Exchange wednesday. Total turnover 3 equalled with Georgia ac-3 counting for shares and Crow s 3 nest for 5 All Active the precious 5 metals group showed a decided firm 5 tendency gains ranging from Irac tons 1 Point. Oils while Little 3 demand also showed a. Firm tone. 3 Georgia Siver opening at 2 1.4 sold 3 around 2v2 during most of the Day 9 closing at its opening Price up eighth. Reno Selling tip 2 47 cents dropped its Early gain close -3 changed at 45 cents. Premier halved 3 a 2 gain close at 44 cents. 3 Sudbury easing activity ad-3 Vii cell 6 close at 22 cents. Lome j opening higher at sold flirt figure and closed a 15 Ohem. 111 .140 111 140 clerics _ _ 1 a Chibougamau 2% can Kirk. _ 2a.____ Dom exp. _ 3. 4% 3 Dalhousie Lla _ dome --------1060 .1090 1060 1070 500 East Cresic. Loa a Dorado 100 114 100 111 7600 fal bridge__65 85 65 50 foot Bui 5b 6a Gem. Lake i i , 1000 Gran. 65 100 h. O. G. _ 10 10 10 1000 Harker g. _ i 1s4 1000 Bellinger -.__. 430 451 440 450 1160 horns Chi Howey a. _ 33 h. B. . 175 into. Nickel _ 475i Kirk a 23 Lake shore_2520 Moss mines 30 macassar. 22 Pasvoll Mclntyre Mer. Oil 6 min. Corp. _ is . O. _ i. Mcl. Hirer 31 200 520 23 2525 31 .14 175 475 222500 30 22 33 199 520 i 23 m25 30 23 1650 85 i a 2ts nipissinf___51b noranaa___1350 1375 12 Olga Oil Oil pen. Pete fend. pet cob Premier rib ago 73 1 a 3 a 10 a 900 700 1310 5100 570 1100 1550 1400 650 1500 3soo 1020 7000 .2400 43 v. 43 400b Ritchie Royality St. Anthony san Antonio Sherrick g. Elscoe Staa Acona Sudbury Bas. Sylvan let Tashota t. 330 Wagnac _ i5b Vipond a i 20b w. Harare us 220 3 via 3 a 21500 43 100 v 2500 42 250 la 1 35 69 69 a 24 24 43 43 1 335 41 330 23 27 87 i la 24 41 i 334 25a 27 500 5900 Job 600 Nova 154q 225 2j9 225 Vancouver stocks Engham Mckay ltd.1 blk Cotton h. George George George 3 Kootenay lome 9fe. National Noble a. Oregon la. Pend Pioneer 360 Porter 4fi. Reeves Reno 45. . . i. Amalgam a. C. 16. Cow nest 10. East Ito 3, Home f. Me Ogusu Segur 35. Mill City Sterling United Toronto curb bin Rahaim Mckay. Ltd i. Cap. Castle 3 Jackson 1. Moffatt i . i. i St. Thompson 2. Lent. a Dom. t Gold. Pawnee 1 a. Potter la. Sob. 1. South 1 5 Oil Bunker i i Kootsey Gold Canan Brett treth._5 us 11. Can Kirt. new York sugar. J december i january March. _ May july september Logan is Bryan june 15. Open. High. Low. Cliff. .59 .91 says .91 .92 .91 is .06 .93 .s3 .35 .1.01 1.02 1.01 101 .74 .76 .74 .75 .31 .s3 .81 .51 65. 4.00 60. 3.00 Grain inspections open july. 535? sept. 52 .2 july. 19i sept. Barley july. Sept. Hye 54ii-b 19 19 is june 15. Low close 53 5-s 55 a a 54 18 i 19b 29 i 29in 28% 28 j july sept. 29% 307, 29% total cars a heal s76 Cap of contract wheat 808 total cars of Oats _ 23 total cars of Barley c Tola cars of i total cars or Rye _ 4 cars of other grains 0 915 move cent by Roalfs v.p.h.--------565. C.r, tuesday. June 14. 1931 july. 7531 sept. 30 i Duluth open High Low .104% 104 29 29 close 104b 105b s95 .350. Market jottings Here and there Winnipeg Cash prices Trasa prices Are always he quotations Cash grains at the time closing the w ure is rect and Rater Ore at fort William . 1 1 j 2 Northern a 3 Northern _ j . 6 teed Only Grain port Arthur june 15 june is 53 4 47 5 40 s-.4 33 23 22 33 38 33 a 6345 Antwerp correspondent is of opinion that this country May impose a wheat duty equal cents pet Bushel. Rumania official report states that the condition of win Ter wheat is rather poor but Barley and Oats improving. V is Likely Harvest a very Large Spring wheat crop nevertheless wheat exports Are almost bound commence about August first and continue until collections Are of. Traders it difficult take a constructive View of the Market but there is general disinclination press the Selling Side of the Market and some feel that bearish Fea Tures have received full recognition the recent declines. J 10 tort a Wjlliam fort William. Out. June Grain boats cleared wednesday from the port of port William fort Arthur with bushels of wheat three of them bound foe Montreal. Donnacona carried 405.000 bushels. Pour vessels Are loading Grain and five Are route Light. One boat isi1? unloading Coal. Following is1 wednesday s report vessel movements cleared Poplar Bay Man Are Hamill of Montreal wheat Goderich. Kingston wheat Donnacona. Port Colborne wheat Assiniboia. Port Mcnicoll. Curonic Sarnia passengers and., freight. discharging Coal Selkirk Osier. Berryton Ralph Budd. Loading Grain Wah Condah loading paper Manitoba discharging freight Barge Alex Holley loaded and waiting. 75. 6.25 80. 6.00 75. 6.00 70. 5.75 Bacon hogs 220. 3.65 200. 3.65 210. 3.65 3.65 heavies 270. 3.15 250. 3.15 260. 3.15 extra heavies 340. 2.00 410. 1.50 j 2.00 390. 1.50 290. 2.00 lights and feeders 160. 3.15 140. 3.00 a. And corporation at 18 cents was up 2. Eoy Alite at gained a Quarter. Crow s nest lost Early gain of a Quarter closing at outflow of Gold from . Dwindles 150. 145. 135. 3.15 3.15 3.00 125. 2.50 110.7. 2.50 90. 2.50 sows . 1 Grain movement at wheat scores gains late trading june i . Wire service 5. Broomhall allows wheat futures of favourable weather and crop prospects which sewers demand port of Montreal Cann Liao press despatch Montreal 16. Wednesday s Grain figures bus Liels stocks stocks holds of 43 Lake boats total receipts Date 1932 total receipts Date. 1s31 total deliveries Date 1932 total deliveries Date livestock marked Dominion love Stock Branch Union Slocum yanks and St. Boniface june arrivals at the Union stockyards up 9 clock wednesday morning consisted of 355 cattle 105 calves 1.460 hogs and 184 sheep and lambs together with 45 cattle and 175 hogs through billed Eastern Points. Hallway re ports show a further nine cars of Stock arrive the Yards during the Day. All classes of cattle were rather lightly represented today s mar Ket and buyers were fairly keen for the moderate supplies at their disposal which contributed a reasonably Active Trade and firm prices prevailing virtually All lines of killing material. There was a fair sprinkling of fed yearlings scattered among the receipts and the Best end of the Small cattle appeared change hands a stronger Market while Good dry fed butchers were also Well taken care of a steady Strong basis. Some i very desirable cattle originating from the Decker show Are being offered for Sale today s Market and Premium prices Are being paid some of the outstanding offerings. Country loadings Date this week have been Cut Down very Moder ate proportions consequently any thing showing Quality and finish have found Cle but thin Grassy cattle have sold rather far As off the 330. 310. 510. 480. 2.00 2.00 290. 2.00 270. 2.00 sows . 2 1.50 1.50 570. 515. 1.50 420. Stags 1.00 36o. 1.00 1.50 livestock quotations a Ceiplis Winnipeg june 15. Cattle calves 105 Boss 1.460 shape 165. Ulcers up is. Good and Choice ?4.75 medium common 3.00 steers Over 1.c50 is. Good and Choice 5.00 common heifers Choice 4.00 3.00 Good and medium. Common 4.50 3.50 5.75 4.75 3.75 5.50 4.25 3.50 6.25 4.00 5.00 4.50 3.75 3.00 calves Good and Choice 5.25 medium cows Good canners and cutters bulls Good. Common and feeder steers Good Stock a cows and heifers Good common yesterday s receipts yesterday s deliveries orders hand tramps chartered. Id Rived 10 Lake boats unloaded 5. Chicago wheat shows Good gains at close Logan Ami i Ryan private wire Clil Caso 111., june wheat Market had a Strong tone most of the session and although Best prices were maintained final figures showed Good gains. Liverpool was weak Early and Strong later closing a higher showing a Good response the rally this Side. The Market had Little the Way of Nevis outside of the trading developments but apparently the Low prices Are tending make for a firmer tendency. Spring wheat news Contin ies line up this time but the real test of quiet. the crop be month Cana pounds. Dian reports also Are favourable end half having considerable effect the oth a if. Remarkable that Utin Larse supposedly top draggy and such kinds As possible should be held Market. There Are sufficiently Good Quality stickers and feeders coming f Orward really test but the Trade while plainer kinds Are poor request and Are Selling a weaker basis order Clear. The calf Market looked a. Shade firmer today top hand weigh veal ers being eligible from with the balance of the calves rang ing largely from. S2 34. The hog Market was none too Strong Bacons despite moderate receipts being scaled at tie s3 65 Maik lights and feeders from 50 .sa.15 and. Sows and extra heavies from 82. The sheep and limb show Little variation from close of yesterday. Soring lambs realizing Tom is with plainer inns some mostly from is sheep ranker firm 5250 of e incl sum r. Steer.5 s5. 55, Choi r he offer fed by a i 250 725 Iso 3.00 2.50 1.75 .75 1.75 1.25 3.50 2.75 2.25 1.50 2.00 1.50 3.50 2.75 2.50 3.25 1150 2.9.5 Musket s and springers s25.00 4.50 3.00 veal calves Good and Choice 3.50 common and medium select per head Premium Bacon 3.65 3.65 heavy. Extra heavy lights and feeders sows is. 1 sows s4c. 2 boughs lambs .od Handy weight sheep Good heavies Good Handy weight common 3.15 1.50 2.50 2.00 1.50 1.50 1.00 6.00 3.00 2.00 2.50 1.00 associated despatch new York. June 16. Substantial exports of Gold were announced by the new York Federal Reserve Bank today but they almost wholly under earmark for previously de stocks already foreign account. Ducted from United states stocks. Exports totalled but at the same time the amount of Metal under earmark decreased the loss was Only exports included France Switzerland s2.714.800 Belgium and Austria. There were imports. New York Money Cana Dulu press despatch Xci x.irk-, june Exchange East wednesday at 33.64% for 60-Day Bills and at for de Mand. Foreign bar Silver Canadian francs 3.93 1-16 lire Uruguay 47.25. Produce Market prices of butter Ana until Jurther will be. Those supplied the free press . J. Colfs a ., ttti., pro Duce brokers Bull cd fresh . 1 Creamery butter j.b. A a a prices according Dominion govern ment grading. Strictly fresh Over five Days old. Extras Rioz. Cases returned firsts Doz. Cases returned seconds Doz. Case turned graded potatoes Carlots. Per 100 i.b. Winnipeg wholesale Manitoba potatoes Manitoba retail potatoes f jobbers retailers egyptian onions per . Texas onions Ner Texas new carrots . Manitoba turnips per 100 ibs. Manitoba Leaf lettuce Bunches b. C. Head lettuce. Per dozen Manitoba asparagus per dozen . Cauliflower per Case Manitoba beets per., Florida celery 50-lb. Crate Washington new per . Manitoba spinach per Manitoba rhubarb per . .02 Manitoba Green onions Doz. Bunches .15 .07 .07 .75 .30 1.25 .90 2.50 i of 5.50 .07 .04 3.15 i Manitoba radishes per Doz. Bunches 1.50 1.50 1.00 6.25 5.00 2.00 3.00 1.5u Toronto produce Market Hills. 98-lb. Sack two la. Sacks four 24-lb. Sacks rolled Oats Manitoba per 30-lb. Sack Saska Cheis per 80-lb sack per sack. Toronto. June the Cana Dian Are today quotation s . Produce and. Poultry As supplied by the United Farmers operative extras Doz. 14 cents eggs fists Doz 12 Centi churning 1, 15 Cream 16 cents. Creamery 16 cents potatoes cents. Butter . 1 i d. 1 bags 25 27 Elvin builder Kinston ont june 16 t f Mcmillan 52 prominent business Rran and Veteran shipbuilder Alec Nasht he was 5 Nell known roller and past president of Kingston Curling club. The flour Price Consumers at country elevator warehouses. Saskatchewan quoted von Quaker Patent Lake of the Woods five roses. Western c Ada purity the Ogilvie Royal House hold Robin Hood and the Maple -s2.40 -s2.85 _ 2.85 2.85 delivered Carlots. Net Cash Mills Manitoba. Saskatchewan and Alberta. Bran per ton s15.00 shorts per ton s16.00 Small lots sex country elevator Ware houses. Extra. Liar press baled spot prices or Well cured i at Date of issues and quoted leading dealers. . I Timothy l 2 Timothy . 1 red top . 2 y. Good by two 15.00 11.00 10.00 top _ Cote demand for lower Grade there Beinor hav Esch Anse Winnipeg quotations Are obtained its ulary from members of the Trade hides per cured . Kor Sehic Larse medium Korse hides. Small and Seneca. Root. Dry. . Firs Esir. Mans per . Forse sir. Tail tier . Per . .1.1 _ .03 ___.15 _ .01 _ .7a _ .50 _ .35 i20 .15 .04 .15 .02 .02v4 bondholders protective committee first mortgage Gold Bonds series a 5fc, due 1953 paper company. Limited that and until pending arrangements regarding one of the company s sub been completed the directors think it advisable pay the Bond the interest was paid june 1. Therefore it is Neces Nite for the Protection of their interests Zed As a committee. Holders Deposit their Bonds under a Deposit agreement 3f which May be obtained from the depositories or from the Secretary of the committee h any of the depositories or sub depositories and accompanied by All interest Turing and after june 1. 1932 each he depositary or sub depositary with which he deposits his which the certificate of Deposit is be issued the address f Deposit is be sent and the address which notices Are f be issued for deposited Bonds. It provides that blonds May be withdrawn without Cost or sex a period of thirty Days commencing the Date of the first he adoption by thie committee of any plan of reorganization. Promptly order that concerted action May be taken behalf and m the interest of the bondholders who become parties the Deposit agreement. The Secretary of the committee will be glad answer inquiries. June 16, 1932. Bondholders protective committee Charles m. Bowman. Chairman out the Mutual ule Assn acc company at Canada. Waterloo Ontario. Andrew Fleming the Hart i adar Coal company Limu Rdv Montreal. John Leslie vice president Canadian Pacific railway com Nav. Montreal. Edward e. Reid. director the London life insurance company. London. Oni. Ltd c. Cross the National City company Neir Tork. Stanton Griffis Hemphill. News company new Vork. Harold p. Janisch vice president National Shawmut Bank. Boston. George w. Pearson vice pics Ideal Continental Illinois company. Chicago. Joseph p. Ripley chairman. View president the National City company new York. Secretary Frederick g. Room us of Lysol Bank building Montreal Cannes. 5 j William Jorr. Tori. . Counsel Blake. Lash. Angl1x and Cassels. W Kins Street West Toronto Canada. 1.afleok. Macdougall Macfar Taxe and bar Civ. 507 place d armes Montreal Gatti tila. Shea Max pc Sterling. 55 Wall Street Cir Lork . Preferred stockholders protective committee Abi Tibi paper company limited 7 Cornu native Stock 6% cumulative preferred Stock paper company limited is arrears As four quarterly dividends its 6% cumulative preferred Stock the last dividend such Stock having been paid april 20, 1s31. Its 7% cumulative preferred Stock is also arrears As . Two. Quarterly dividends payment such Stock having been made octo Ber 1, 1931. The Abi Tibi Power paper company limited has recently announced with respect -its.first Mort Gigic Gold Bonds series a due 1953, that for the present and until pending arrangements regarding one of the company s subsidiaries have been completed the directors think it advisable pay the Bond interest due june 1st. Interest was paid that Date. Under the circumstances it appears the 7% cumulative preferred Stock and 6% cumulative. Preferred Stock unite for their Protection. A preferred stockholders. Protective committee . Represent the interests of the holders of these issues has been formed and urges such holders Deposit their certificates of Stock promptly under a Deposit agreement dated As of june 10, 1932. Copies of which May be obtained from any of the depositories or sub depositories listed be Low or from the Secretary of the committee. Certificates of preferred Stock May be deposited with any depositary or sub-de-1 Positery. Forms of the letter of transmittal and Deposit be used making deposits with full information As of making deposits May be obtained from any depositary . Registered certificates of Deposit interchangeably transferable new York Montreal and Toronto will be issued respect of All Stock deposited. Under the Deposit agreement Stock May be withdrawn from Deposit without Cost or expense the depositor at any time within a period of thirty Days commencing the Date or the first publication of notice of adoption by the committee of any plan of reorganization or readjustment or Compromise or arrangement. It that the certificates of Stock should be promptly or Der that concerted action May be taken behalf and the of stockholders who become parties the Deposit agreement. Will be glad answer inquiries. Secretary James . 511. Place Montreal Canada. Or z2 William Street new Tork. Meredith. Holden. Heward and folded 215 St. James Street Canada Davis. Polk. Ward Elij. Gardiner and Reed 15 Broad Street new Tork.y. Preferred stockholders protective committee . Herbert Molson . M.c., i chairman. President Molson s brewery limited Montreal j. Armitage Ewing k.c., new inf. And Mcfadden barristers Montreal. William Hastie assistant. the president Canada life Assurance Toronto. Allen g. Hoyt vice president ally Bank Farmers Trust company new York. J. Colin Kemp the National City company limited Montreal. Depositories for Bond and prefer red Stock Montreal Trust company 511 place d armes Montreal Canada. 6i Yonge Street Toronto Canada. City Bank Farmers Trust company 22 William Street new York.y sub-j3fpositaries Continental Illinois Bank and Trust company 231 South Lasalie St., Chicago 111. Bank of america.t. S.a., 1 Powell Street san Francisco California. Montreal Trust company 2 Princess Street London . 2, England. The National City Bank of new York 36 b shops Gate London 2, England. I ii i i ;