Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 18, 1932, Winnipeg, Manitoba Juk 1932. Gain in Western car loadings is feature of traffic re of liquidation is general in late Trade on Wall St. Heavy Selling enters Market on break in Grain leaders react sharply special United in Plu i in free by fret or irate by Otto u. Sti pm. Vol Tail Vork. June in. A quiet decline that had been going on Tor the greater part of the session on the Stock Market Friday was turned into x minor rout in tie Lute trading wheat prices at Chicago broke two cents a the reason. The Stock Market which Nad been ground grudgingly because of lace of buying rather than any Par thru Early anxiety to sell reacted to liquid lotion when wheat slumped unit closing Stock quotations were 1 to x Points lower. J volume of trading was very Light j to ill Street taking the sidelines to some definite turn to the Straw in the. Business wind. Oil stocks Issup of sugar companies fared comparatively better other groups throughout the session but worn included in the Tare setback. Gasoline Prore advances and the brisk in trip sugar futures Market for Early interest Dis played in Ossiff. Aii Hirn brpak.1 Alibi Iii Auto was Rusken for a. Sell ing Ildr aft for Havnier been pelted by null lie Lasi session St the expense of the shorts. The Bushel to new lows Tor foreign Exchange Montreal june British and Lorelyn Exchange in relation to the Canadian Dollar As compiled by the Toyoi Bank of Canada closed Friday As Argentina peso 0.3007 Australia Pound 3.36oo Austria Schilling not quoted Belgium Helga o.1614 Brazil ill res _ o.ob88 Bulgaria lev not quoted China Hong Kong dollars not quoted Czecho Slovakia. Crown 0.0345 Denmark Krone 0.311 Finland find Park 0.0207 prance franc 0.04o7 Germany reichsmark 0.2748 great Britain Pound Greece drachma 00070 Holland Florin Hungary. Pc go not quoted .5 5 vew zealand Pound , Krone Poland zloty hoi imn Ola. Leu South Africa Pound Spain peseta Sweden Krone Switzerland franc 0.2260 ., Dollar .16 i per cent Prera. 0.2180 Winnipeg stocks Winnipeg Slock Exchange Call Lisl d a aver fire corp. Steel prod no Stock Exchange Friday. Lune 17. Bitt 115 too 100 fipe neti at 72 i and never went a Bove to 62. Off us closing almost 10 that level. A Asriner or top. Where it to. 1. Was hard Hir by the crash in wheat which resulted from the fact that wheat Fields in the St the Irest Are yielding a bigger Harvest than was expected. Case Rommon broke nearly 3 Points and the preferred 6 Points. A Liiv weakness steel. American can Allied Chomi 100 ral Westinghouse electric and Dupont which had been holding fractionally under the previous final a. West Liff Massce. Home inv. A ssi. Nor. Can. Mort Rittz Northern Trust Pelissier Fri issuers Royal Bant of can. steel prod. Piti. Unlisted Beaver lumber old. 100 Benver lumber com no Bine ribbon pad. Brit. Amer. Oil can. Nat. City Dairy 7 . 300 City Dairy s . Pm inn Creamery 100 in w. Saddlery pad. _ 100 g. W. Saddlery com no Monarch life 10% pm. 100 North Star Oil old. North Star of Reliance Grain .250 15 24up 9 i a railway situation in Canada and position of the Canadian National Early confronting management of National latest report of railway committee contained Little of constructive importance ii Aig the second of series of six articles written understandably and. A Lilli together give i Ali c pen picture of Dlyn re Ilij will rat Contron Teil Hie Welling Viilo a Ulm try Ladimir. Milt i s if. High Low Sui 13% 25-% 3 i 2 13 8 a do 2 is a .1 80 i stand of . 5554 Texas corp. Iloo Tex. Cult Sill. Tiri water Assoc. In. Oil of Oil. C.t3s utilities Amer. As Povur 2 a am. Per. Lit i3ho am. T. T. 9001 8 am. Was. 300 pm 17. Net Low Ollie Chi. 3s _. In. Mimm Carbon Xvi 7ti 10 h klines 4 Gas film Gas 400 As. Motors and p. L. Int. . . 1373a Moo _ t. T. G. E. To 4vi-11% aviation 100 Briggs mfg. Collins a Aikin p. 1. 100j _ n. Am. Co. _ Papirio Gas 200 tits 8-4 35 Loii Stii 100 1_ Curtis Wright Eaton Axle f50j elec Auto it. Firestone 100 Aen. Motors 100 Goodrich tire Goodyear Tiro 4--j i i 12 .114 1 in. He. Evi 9 121 to 34 45 s i a i 13 i Slit _ people s a. Sooj pub. . So. Cal. Edison 2001 stand. Gas 50t pc web. 40l_j United corp. 75i_ United ass Imp. Us o a is 3 St 2 Fiti is Paize Union. 5 a 1% Syhl i Tuioi 39 reduction am. Avn. X chemical. .3 15 u Iti i k a is Chalmers 50 _ Amu. Can 2 1 5 Detroit _ sad. . Is 16% aircraft Tob. 3 i s. Kubber a Tob. A steels and a Best co. A. 13001 .1 i2r rolling Mills 4 1% 1iu. Steel 1 3iry 120j till. Loco. Cola. R-700l a a credits nil. 19 a. M. Sol. Iso is 43-Li j. I. _ i 100 15 t. Can t products a. I Canadian press be spite Ottawa june net value of commodities produced in Canada during 1930, As estimated by the do minion Bureau of Stadtl stick on. The basis of statistics compiled by its various branches was compared with in 1929. The decline in the value of. Commodities produced in 1930 was 18.4 per cent but the decline in volume of production was undoubtedly less than the decline in value. Net production in 1930 was lower in value than in each of the years from. 192s to 1929. Inc Luys Lve but greater than la the years from to 1924, farm yields were slightly below Normal in 1930, but the average Price of farm products was less than in any year in the two preceding de-1fc Cades. The resulting values of farm crops produced in 1930 were Leas than in any year since 1914. Manufacturing plants operated at a comparatively High level of capacity during the first half year. The subsequent decline being of pronounced character. The value added by the manufacturing process shoved a decline of 1.1.8 per cent from the level o 199. Hardware boots and shoes fair dry goods quiet. Crop conditions reported As being excellent. Wholesale collections fair to slow retail fairly Good. Wholesale and retail groceries fair hardware fairly Good retail try goods fair boots and shoes quiet. Collections fair. Wholesale groceries remain a steady volume is maintained in hardware sales an the business if j groceries continues sir with very favourable 111 comparison with slight Iri crease in seasonable doth the same period last year hoots Ana lug lines wholesale collections slow i shoes remain steady volume of retail just air. Business in dry goods reported Toronto with a slight improvement Over the very Little change is reported a period last year. Ket auers re a conditions locally during the Nail the recent weather oils and automobile accessories Shou decrease in comparison to the no period last year. Collections just fair. Sallr John wholesale Trade Only Nejl Trade in hardware lines Good. Lines just fair. Collections Only Alt. Montreal whole stiffs generally quiet week s trading. The volume in port a fair volume in ready to Wear lines. Country retail remains Culet. No reductions Heing made on old accounts although current Mer Chandise being Bald for promptly. A Husary week. Wholesalers and manufacturers report a fair volume of Saull orders.7 but nothing of any size. Toe tourist Trade has just cons moral and retail groceries re building Trade shows no in port a fair volume business other ment i Pusti a lines appear to be moving very slowly. Coleci Lons on old past due in Cox ints still make. Eil Millton a slight improvement. A reported in Biel near. Generally with the vol ume keeping up to last year collections fair. Vancouver hich has cres de a certain of optimism among retailers. The e shows no Improto. Still Wuolett quiet. Collections both ind retail Slov. Pii lures. Under the. Bankruptcy act. As disclosed by the Canada. Gaz Ette for the week ending june ii show an increase of 19. Being Sci Fig ures for whole period of. To june 11. 1932. Are 1932 a turini continues fairly to june 11. 1932. Are awry Little change reported in 992. And an increase Georgia River and Reno Montreal curb Osier. Hammond is Nanton june 17. Open Hish Low close ass. Breweries 4va Beau Haniotis Power 50 b. A. Oil Sli can. Vickers can. Curp. Steel Corgi. Soiu. Stores4v, 50 in _ the Nordon Oil Royality of Acme firm ordered to pay balances a the Largo group of shareholders in Acme products now in. Process of Are affected by a judgment of the court of Appeal and will be compelled to pay up balances remaining unpaid for i shares bought in the company. The matter went to the appellate court when William Hopps appealed a decision 61 the master of the court of King s Bench and or. Justice do Novan who both decided that Hopps was liable for a balance i remaining unpaid on the Purchase of 500 shares of Stocev. Or. Hopps contended thar the first directors of the company were in arrears on Calls on their own shares when allotments were made to other shareholders and were otherwise dle vial fled. The court however held that the alleged now complained of had taken place nearly two years previous to the company s i bankruptcy and that As a share Holder he had. Of his vote validated the directors actions. Toronto stocks 1ioi.dixgs Ottawa Al Lair total told held Liy the minister of Llna Noc i 51 a 31 m As . S12, Whu a was in sex was of Legal require no its. Of this total was i Ricl no inst com Lilon note Uirt Iila ton. The total Dominion notes in Lii Lull nor Liat Securi ties was _ t la 13 13 in _ 7 via _ 20 111 a Ilia Lowb 115i 4. 13 Svi 4-t _ 4lt _ 33 8 so _ lob 10 Loa _ 2a 13 33 in 7sa 30 ii Ilis. 40 15 35 3v i 35 6vs 33 113 3 10 33 30v. 3vi a. 62 i 12v4 Oeh. Am. T. C. Hoi Ingersol band 300.1 _ int Hirv. Pullman 300j--------. Republic Timken k. B. . P. P. 200r v. S. Steel pad Steet Yrd 83 7h ii 1 railroads Bank stocks attic Liardon sons june can. B. Com. Dom. Banff open. 125b .135 Imp. Bank can. _ 135 bar Tiue c. N. Bank n. S. Bank Montreal 151 Royal Bank l j9 Bank Toronto. 145a 151 123. Copper lower. Low. Close. _ 135 135 i 128 123vi 150 150 129 129 1mb Silver p4 20 a 3vi s9vi tit 18 a. 11 3hi 135 23 4 2314 42 37h 33 145-i 12 i 11 10 Visy Zvy 2 37 to a i i 1h e 62 Lili 10v4 2 a Sau 1% of ail Pheny corp Atchison Balto and Bolyn. Manhat he 1 is cana.dian-. Pac. 12s 9mi. Ches. And Ohio 13w Chusa. Corp. 1200j 1w Mil. And St. 1. _ Chi. And 3vs Chi. . And . _ s54 Del. U Del. Lack.-. 12 1 Lili Illinois Central is Lou. Nash. 11 to. Pac. "n.y. 31 12v 13 t s 16u _ 31 Lambert cd 800 32 i s i. My 400 _ 13 41 a Liq. Carbonic 200 13m 12w 13 Loew 5 inc. Is Loose wuss. C280 31vi 21w my in Mallard h54 1194- Macy r50 21 i. Mall. Alkali Iso _ 3244 _ _ stores 31h _ Mont Ward. _ _ Nat. Biscuit 280 30% not Cash s not Dairy p 1350 3 is Kat. Dis. 300 3hh.3sw 17 a Para 3v,in 3w Penny Mol 3 Phil per Coal _ z a _ Pillsbury f20tl in _ proc i Gim "7 k r 4 Pun y bakeries Uoo i 5-4 radio corp 4 4 Rej j b 2b Salt Tai stores f500 8v4 3 Sears Roebuck if snap Lack p g _ _ so Nimbus _ _ stand brands 1 ran Samerie a is " pc Union Carbide 3 i 3 3 14 United fruit Tsoi _ in 1 1 us inaii1 1" 1 i us realty _ bios _ _ _ we tiny elec 32 3 -3 12 n 38 3w in 109i_ a _ _ _ _ 14 3 1.j t j j 24 Woolworth u40 _ i Kortni Ngoa Pimo t i 1" 30 a m 100 000 noon 300 000 1 30 p in 400 000 210 p no too 000 total spies 800000 Money i As re tree. Stock dividend. Last dividend Piid Are Active at vancouver1 i i Vitus Olive june is. With in j centred chiefly in to o of mines issues stocks milled around in gutless fashion in Dull trading on. The Vancouver Stock Exchange. Friday a tendency 1 to flow chess at the close. Of the 1 free Price changes recorded Dur ing the Day three were on the Down Side. Georgia and Keno Gold contrib cited the majority of , accounting for of the Otal shares transacted. Sales generally ran to single Block or Odd lot transactions in mixed trading. Georgia reduced an Early gain of a Quarter to close unchanged at Down 1 at an opening of 42 cents steadily declined to close at 39 cents off 4 from the previous close. Bridge River a ight trader eased a Quarter to cents. Pend. Oreille contrary to the general trend advanced sharply to Tsvi cents up 1814 in Light trading. In the oils division Crow s nest was the Only Active Issue to show a. Price change declining a Quarter Fco on a turn Over .103u foreign Power 2s Hiram Walker i Imperial Oil s. In Seilal Tob. In. Utilities a Ujj int. Utilities b 7sb _ Job 5xbrgrya.inr j Robert Mitchell 4 a stocks sons tune 17. Approximate prices bid Aspeci Beaver lumber old. 580.00-Burns tjliit1 ?2.Ao 3.50. Packers com. 7.00 a.50 Canada packers Ltd. 4s.oo .5j.oo Canada wire cabled. 7, q0 a 41.00 45.00 old. . can. Westinghouse. Com. 32.00 36.00 can. Investors corp _ 3.00 4.00 can Gen. Invest. 1.7a 2.50 can. West. Nat. Gas., Ltd. 56.00 61.00 Calgary Power pad. 5s.oo" 57.00 e a w. Units 29.00 34.00 Dom. Pound pc steel Ltd. .65.00dom. Round. Steel com. 8.50 pm life. 13 fed Rel Grain pad. A _ 21.00 Gen. Steel wares. Did. _. Goderich Elev. Transit . 13-Ao inter City baking co., Ltd., com. 31-00 int. Propri tories a 13.00 London i West. Trusts Loews London. Pat. 2.50 4.00 i. Soyal hotel pad. 7.00 9. Do it Hoval Kot-1 com 65 1 10 Nat grocers. 2nd Ltd. 23.00 27.00 Silvri goods Dairy Ltd., old. 33.00 .36.00 Silver Woods Dairy. Com. .1.50 tid diversified Sla Durd _ 3.00 Western Assurance 20.00 Western Grain put. A 15.00 Wood Alexander is James pad. 31.00 _ new York Osier Hammond to raid he. June 17. 1932. Open Hish Low clo Alum. Co. Am. _ 25 am. Can. A. A _ am. O. Pc e. Is ii is j it Amer. Supet1 p. Hipa cities _ 21-ii elec. B. It s. 7j. Ovi s t Oid motors to 7 7 7 Ford England Gull Oil 25 _ 2o cold i a i 1% i1- i a Humble Oil 11 _ 37 Imperial Oil Chi 7 6 4 7 int. Pct. _. 8% is it int. Util. _ _ to _. S Ney Mont min. Elk 6-Li Hud. Sii 10 9v, 10 team Nail Ali is is 4 St. Regis paper _ it g Swift co. 9-% _ Send. Oil Iii. _ 13, la stand of Ken a 1 unwed. L. I. P _ 2 a _ _ Jis by Yoke Cana Uitti 4 .01 .04 Cartier Malartic .0-t .054 great Bear Lake mines. Ltd. .37 Huydic i Gold Lorraine cons. Of Man. Flin. Flon _ .01 pm i .011.1 part Lily _ .07 Routie .ol1 .02 Scur Donelli Tenuis 4.00 6.00 Teminie Kamlung mining co. Of i .02 United prospectors j Calli Nali flan Plon Silver Radium. Units Lokanc i Bryan june 17. On High Low close jail. _ 5.74 5.7t 5.60 s.62 mar. _ _ 3.90 s.7b May 6.0s s.05. 5.93 s.93 i. July 5.27 i.13 oct _ _ 353 551 538 dec 3 63 a 87 5 51 j a4 spot o 25, Down mom til pre5s esp Alibi Montreal june 18 Sterling and the to United. States Dollar moved in opposite ii Ere Friday. Pound was easier slipping about three cents to close at while the Dollar moved up to is i per cent Premium. 4 tajik june 17 i Lopan Bryant is open Kigh Low close Jan _ 97 1 00 93 to i mar 1 02 1 04 99 1 00 May 1 07 110 3 05 1 06 july .78 sept 99 91 s5 t dec _ 96 99 93 june 18 directors o Sears Roebuck and company omitted declaration of the usual quart by dividend yesterday. Wall Street hour by hour Logan a the Foll Otting Nice indexes supplied. By the Standard. Statistics pan of lie v Toik indicate from hour to hour the Market trend of the 4 four major groups of securities listed on the new York Stock a Exchange the averages prepared at the end of each Nour following the opening and Are calculated on the basis of 3926 Era gals 100 following ire the indexes Foi Tii Days ass on j 50 induct 20 pails to Tjell 90 stocks 80 Bonds 1932 High. 6992 4011 11178 7174 7816 1932 _ 3515 3306 4962 3427 57 of last corf _ 4055 1668 62 46 4069 8131 and a opening 4044 1672 b2 58 40 61 1 11 am time 3987 1646 6157 4066 noon by time 4000 1640 6174 4078 i 1pm it t time 39 83 16 28 61 39 98 61 33 _ 2 pm by time _ 3958 16 to 6114 net loss of in Gold Stock tort june net loss of in the. Monetary Stock of the United states resulted from Friday s transactions i la Metal. J there were exports of to Belgium. Ail an increase in tit Stock of Gold held under earn or for foreign account of there import of from mexico., and the Federal r. Serve Bank reported arrival a sin i Francisco of from Chlara. Canadian Dollar slightly easier trend associated toss june the Pound close 38.40 1633 0863 38.38 81.23 Sterling eased 35, cents foreign exchanges Friday Lor Cable transfers. The can tip Dollar dropped Only 86 1-16 cents. The Dollar started the aty unchanged at is 5-16 cents noon to 86 Cento Rose to 86 ii in Ilter noon and closed it 86 Sterling started the Day lower a s3.64, eased St was quoted at and Enneo. The at Toronto a dub , a. Algonquin i to w. 1vi to m. Baldwin to Busti Offham Cap. Rouen Castle Treth. 10 to h. Joe to 3 a Jackson ii to 1. Melatt que Mont Pilago j to i j to 1 St. 6 to Thompson 2 to j. 314 to sent 3to a Doin tip j3i 0 4 j Gold h to 1 to to Elf Doal Rob Mont. Ii to South Kerr to i. Sidbury a ifs i o Oil Selec 2v to i is. Flo. To ii cold 5 to 9. Canam metals 2b. Brett Treth. To. 7 Brownlee to can. Xvi to 2. Gem i to in. 4a. Kirlic. 1 to u4. Associated new june 18 on Friday electrolytic spot Ture y Tiiu cd Jav to tin to mtr and. Nearby s18 65 future Iron quiet unchanged Lead spot new York East 51 13 90 Zinc Dull East St Louis we and future j2.80. Antimony at 2s 6d future 17s 6a 1 Lytic spot 10s future so tin spot of future Lead spot 18 Las future Zinc spot 15s future cab s june j8 Gro Ings of the Canadian up Cefic for the week ended totalled s2 306 000 which with 849 000 in the c ing week of last year a of 000 Jakk no was Tawen by directors corporation of Day on the do d and on the feared Stock ;