Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 20, 1932, Winnipeg, Manitoba Free press 3tt2oi 30, to develop Gold properties in Long Lacr North we Stern ont Small net gains Are general on steady . List trading largely of a professional j nature with some Short covering soft spots i press drs Palch by Oiin i. ref is i Ina Cicia j new York. June with Ali j rear act Slowins Siudy undertone. Stock trading simmered you i a few Sonal week Elul operations Sal i Rudny. I tie face that no follow up to Fri Day wiling experienced appear j in to influence Short covering which brought a balance of Small net gains after leaders had jiggled narrowly during the two very Dull hours. Turnover was 340.830 shares. I there were a few soft spots not poly Sears Roebuck which broke 3u Points in response to the dividend omission. Lambert Down nearly. 4 at the worst and Auburn lost b i before reducing in loss. American i of iphone. To be quoted sex Devi blend j or. Monday rallied a Point. Console Gas North american. Union to civic. American tobacco Case and american can closed with major Prsir Iriina Aci Vancas. There was Al most 10 change in . Steal. Stand Ard of of new Jersey. New York . general electric. Allied chemical and National foreign Exchange Canadian despatch Montreal. June and foreign Exchange in. Relation to the Canadian Dollar As compiled by the Royal Bank of Canada closed saturday As follows Argentina peso. 0.3008 Australia Pound 3.3695 Austria Schilling not quoted Belgium Tael a. 0.1617 Brazil Milreis 0.0888 Bulgaria lev not quoted China. Hong Kong dollars quoted Czechoslovakia Crown 0.034s Denmark Krone 0.2304 Finland Finmark 0.020, prance franc 0.04o6 Germany reichsmark 0.2 io9 great Britain Pound.4.2014 Greece drachma 0.0077 Holland Florin 0.468s Hungary. Jengo not quoted u.8163 u.059-1 u.359s Italy lire a spoil. Veil new zealand Pound. 3.bui Norway Krone Poland Knoll u.1s11 Koti Manul. Lev 0.0071 Wack. Pound 5.6000 Spain peseta 0.0958 Sweden Krone. 0.2159 Switzerland franc United states Dollar 18 1-16 Pel cent Premium. German issues show strength in Bond trading Register Sharp gains a i new York list holds steady 1 m listless dealings Montreal stocks , Hammond nation open. High. 1.0w. Abit in pad. 3b _ Malta. Pac. Grain associated despatch new York. June 20. Springtime overcame the Bond Market saturday and outside of b few ener Getic issues Ion the extent of the inertia was exemplified by the Brief Over. Val lie napped by the sales totalling Par Hie smallest aggregate ii dict november 21. Last rear. The Market s tone was steady and the average for so corporate securities recorded a gala of Bue tenth of a Point. The feature of the Day wan the continued strength of German government issues and. The 7 s the Points. Advancing while defeat of the soldiers Bonus Bill in the Senate was approved by railway situation in Canada and position of the Canadian National Progress made by system in instituting bus and truck Competition Factor in decline in earnings. By Mousay -ha1g the t Hyril of a series of six articles written understandably and. Together Ive a graphic pen Jisc Tiric the difficulties h Jilli confront not i he welding into a comprehensive i int efficient unit of what is Jion the Canadian Nauru Tinl. The Bureau of to. A economics of the Canadian National Lias traced some do the economies resulting from improved equipment Tor which tic people 01 Canada have provided the Money it has lie ii estimated Chat if tie 1928 peat traffic Lead been liable cd by the 1920 equipment the fuel Lull would have been Uoo Piure Minn it Aei Uhlly was. To handle tie business of 1928 the freight trains aggregated us Lleti. 1c tills vol ume of by Sueji Lind. Been handled by to tic locomotives in in 1920, tie figure would live been raised to Miles. The a saving resulting from this decreased mileage apart the financial District neither United 1 from fuel am Oxted states government nor Domestic Loans it has been further estimated were particularly affected. The result that the saving entirely due to 1m had teen generally discounted. The i proved equipment and resulting of senatorial rejection of the Bonus Atlantic Hill had been so widely forecast traction news of the Bill s legislative death Bel Telephone was not a. Market influence. Boxer a did Lausanne dispatches represent-1 . a in Europe As being on the verge of tips dins to Settle reparations Bronze out a. War debt Appeal to tie United i can. Car f. States find reflection on the surfaces of Security markets. p. P. Can. Gypsum can. Ind. Alcohol _ can. Pac. Ray. Can. Lines com. S. 2s 9 i bib 16b 211 39 2 in s3 federals closed slightly easier. Some of the rails especially those of the speculative category were inclined to weakness but the higher Grade carriers were firm. Both the Utility and transportation averages held to their Friday s closing figures and the industrials were moderately firmer. The foreign Section was quiet. French Bonds steadied and Rouma Nian kingdom 7 s gained 5% Points. Some of the chileans advanced but the argentines sagged. Rating efficiency when compared to than in use by the system in 1920, on the basis of operations for 1928 and on the basis of those for 1930. These May be considered definite economies arising. From the capital expenditures and represent the on on the basis of 1928 operations re turn is Over Tiev Fen per cent and even in tile depressed years of 1930 it is Ever live per Tiit. No tight is Sre available for 1s31. improve earnings another Yards act is the ratio the increase in Riet Revenue 111 com Parison Wlton the increase in capital. For the period 1922-1930, excluding the Central Vermont thu Ratia is i 68-100 per cent. The same ratio Over the same period Lor the class 1 Roll Rouaa in the United was 14-10u per eeiir., and for the Cana Dian. Pall la .25-100 of one per cent. It would see Iii therefore Fiat there Baa been great Progress made by the 6 National system. The Liege Burden of debt will in it Lead Intieri to cd. And the capitalisation of deficits have somewhat obscured the improvements in operating efficiency. The following is the summary of the operations of the Canadian National systems for 10 years since 1923 listed stocks Beaver fire co. Can. Pac. By. Blue re bout per. Blue rib Usu British american Oil. No 8 can. Is eur nil Pire. 50 us City Iii y 7 . 10u City Bury i . Pid. Loii. pid. Lilli o. W. Saddlery Ped. _ 100 is g. W. Saddlery com. Of Moil. Lite .10 . 100 North Star Oil pad. 5 s21 North Star Oil com. 5 Reliance drum pfd.___100 National ays system 9 in 3 s o 1. L track mile age 19.414 19.381 19.822 1927 20.795 1928 21.181 1929 21.874 1930 1931 tear 1923 1924 1925 1926 total operating Revenue 250.368.998 total operating expenses 229.175.600 228.288.023 net operating Revenue 11.764.089 41.864.705 22.080.975 operating ratio 94.62 94.15 82.50 85.29 81.99 85.59 91.18 99.45 chemical research is feature on Standard 10 a to l Dom. Glass 32 Security Index higher Canadian press despatch Ottawa. June 20. A fractional decrease was shown in investors and traders weighted Index numbers of 4 of 25 30b i june Security prices for the week ending "16. Computed by Dominion turn into. June featureless j Gen. Steel wares _ trading and mixed prices developed in saturday s Short session on _ Standard Stock and mining sex lint. Poa or Chanee. Sales volume Down to Juks Woods mag. _ -9.000 shares. A few Penny Jujj Coli ji1. Showing activity. Market Lead Montreal l. H. deep lord an Edge of firmness National with of minor proportion. Of a 37 issues traded 14 closed j pm mans Ltd. Pm 13 declined and 10 moved up. Price Bros. Co. Ward. I the base Metal group was Dull. While Noranda and International Smith. Howard co. Nickel each recovered 5 cents closing j so. Can. At s13.15 and s4.25 respectively j other issues ii t be list received but 5ter pad. Little attention. I twin City Dull trading and Small Price Range " pm. Held in the Gok Section. Lake Shore j moved up 50c to s26, . Pioneer fell Loc to s3.50 and Teck Hughes lost two Points to close at j j Ghe Miral research made a Good on the. Board moving up 13c of of 25 sob 4v, 4a _ _ 395 25 I in lot i 10 10 13i 21 21 2b 3 3v new York curb Bureau of statistics on the of 1926 equals 100. The Index of Industrial common stocks was 46.8 As compared with 45.3 for the previous week. The in Dex of prices of the Twenty five Best Selling Industrial and Public i ullity common stocks Oti the Montreal and Toronto exchanges was 254.7 As com pared with 247.2. The Index of Domestic Utility com Mon shocks was 32.9 As compared with 3- .6. The Index of common stocks of companies located abroad in which canadians Are heavily a Keresteci was 42.7 As compared with Kyj 4-3.6. The Index for nil three groups of i common Stock s combined was 41.u i As compared with 40.4. Average weekly prices were higher for eighteen. Unchur Ngel for five and lower for two of the Twenty five stocks in. The traders Index. June 18. 1932. Open. Hish Low close to close at 31.43 and 3.200 shares out. Humours on the Street were the effect that the company has re Amer. Can Anvid b Amer. Gas elec. Amer. Super Power Canadian 23 a 1 is i i calved a new contract and there prospects for a dividend disburse Sec. Bond share i Ford motors of can. B of theatres 5-16 i Gulf Oil -5 Taka stay Mot Goldman Sachs 1 .4 hmm Isle Oil 37 june Trees Psi oleum Canadian Bank stocks James Richardson june 18. 1932. Malhrav.4 suffer severely on the whole the railways have suffered More severely during the present depression than other lines of business More severely than other Public utilities. This has not been confined to Canada. The net income of the United states roads in 1931 Gross revenues showed decline of j Wotli 1929. Decline of ttm1 33.4 per cent. Viilo. Us a Iii truck the decline has been accentuated by new forms of Competition chiefly 1920 there motor vehicles registered in Canada. By 1930 tills total had increased to since 1921 the number of commercial vehicles registered in Canada had in creased from to in 1930. The. Following statement calculated on the basis of 1930 traffic shows the relative position occupied by the main passenger carrying Agen cies. It shows the passenger mile performance. The passenger mile is a convenient method of calculating the passenger traffic being the aggie tie exit Mobile. Bus and truck. In Gate annual mileage on the basis of one passenger a ency passenger mile electric railway feeder bus service Intel Urban motor coaches automobiles 12.960.000.000 private passenger steam railroads. It is apparent that the passenger automobile is largely responsible for the decline in traffic. Motor coaches have made Little Only about the decline in Pas Senser traffic on the steam railways in the provinces of Alberta Saskatchewan Manitoba new Brunswick and Prince Edward Island where motor coach operations Are compare total 1.6% Winnipeg stocks a Winnipeg Stock Exchange 11.30 Call is corp. Steel prod. girl. West life Massce. Co. 100 Home invest. Say. Ass. 100 25 nor. Can. Mtg a. Co. Pad 25 Northern Trust co. 50 Pelis specs Ltd. Pret-------100 10 pith Silers Ltd. He i Royal Bant of Canada 100 138 West. Steel prod 100___ unlisted stocks 10 .4 5 250 lumber co. Pref. 100 lumber cd. Coin. No 5u the 15x machinery and equipment moved to Canadian Home stake claims Canadian subsidiary of . Company concentrating Tion work on group near Long Lac Cut off Active with. Many claims staked. Ort William june 20. Concentration of Effort in Northwest Ontario at. Little Long Lake by Canadian Home stake exploration co. It of again directs attention to this area where Progress is being record to toward showing tip. A new Gold tearing zone of much Promise of company is an. Exploratory subsidiary of the famous South producer of world Fame and has been Active in searching Lor Deposit in Canada for several years. That a Deposit of More than Ordinary Promise Lias been found. This big Block of claims at Little Long Lake is. Indicated in the company decision to throw my its Ontario activities into a test of its group. Hie and other claims now held on option uii2 area. Tie Scenie or activity u on like lug Lac Cut off of a Canadian Nau Nohl. Railway re mining 1 Arthur and of main line. The i paid. Reliance Grain Ufi 25 United i Iii growers West. Breweries w. Cash. Flour Mills old. 100. Grocers i d. Flo b xl0% 1 grocers com. 100 30 is _ X2 70 Diamond drilling Triu Univay Diamond drilling 1ms been underway for iome time and n otiioia.1 information As to results is you the last Liat Homes inv is withdrawing equipment. Tie. Rom sap ave Lake to Centre on. Lhart Long Lac is considered significant by mining men Here. Close to 2.0oo feet of Diamond drilling has just been completed Little Long Lac show in the course of which Ive holes were Down. This work follows a considerable surf sve Campaign which win. Investment trusts can. Am. Trust no 2vk fundamental series a no _ 2-vn fundamental series spay. Grouped income shares Jap 2.61 Dominion of Canada War loan 5 p. C., 1937 _ _ 107.25 108.25 Victory Lou i ., 1933 _ 100.50 101.25 ., 1934 _ 100.00 100.85 5 i ., 1937 104.75 105.75 War loan renewal . 1932 refunding loan 5 ., ., 1940 4 i ., 1944 . 1946-------- conversion loan 4 4 . 1956 a 4v, . 1957 i 4 to ., 1958 a . 1959______ nfi.1. Service loan 5 . 1936 5 .1941 100.50 101.25 96.60 97.50 92.10 93.00 91.10 92.00 91.10 92.00 broken lot. 83.10 As.10 89.10 89.25 97.25 96.35 80.00 90.00 90.00 mines and Olts is Arnu Burry hol hirer base metals Bedgood big Missouri Central Man. Coast Copper Doni. Exploration ---------25c dome no Eldorado no Falconbridge. No Gem Lake Gold Granada no _ is _ no _ no _ Sisi _ is Rouy i no 75 Hollinger Hudson Bay lilt Nickel _ Kirtland Lake no s out that Revenue from Rural bus operations indicate that they App oxi a mine Mate per annul. Mercial trucks alone carried 1.500.coo tons of freight Over one Rural High Way in 1930. The average Revenue of this tragic is per ton. Consequently the movement of this tonnage by truck would mean that the rail ways lost traffic to the value of com Manitoba Basin River m. Corp. 500 15so 170 475 23. Is. 2560 20 100 2 no no so 3 1100 107 47d 1811 490 2-1 2600 25 Orp. Hull timely of Little magnitude have been j g Arfi relatively As great As in the provinces. C where coach operations Are More extensive. Can. By. Of com. 125b Dominion Bank. __135 135 imn. Bank of can. 135a Banque can. 128 129 Bank of . ------240bbank of Montreal 151 151 Royal by. Of Gnu. 129 129 Bank of 33b 131 129 125b 135 135a 130b 240b 151 138b i new took Cotton Logan 3z Syryani airy not balance june 16 was 01o.595.19. Expenditures that Day were 42.841.722.58. Customs new Nikont mining Niagara Hud son is inroad re Swirt a co stand. Oil i for the month through Ujj 16 were United it. March May july october december open. High. Low. Close. 5.56 5.71 5.so 5.10 5.32 i.49 Down 5. 5.59 5.76 5.92 5.u 3.39 5.52 5.54 5.70 5.85 5.03 5.32 5.45 5.s9 5.76 5.91 fewer passengers la spite of an approximate annual population increase of a Cut two per cent Canadian steam railways carried seven per cent 30 per cent 23 pet cent 13 per cent fewer passengers in 1930 than in the years 1911, 1920, 1923 and 1929, respectively. The great in motor vehicle registration and in gasoline con sumption not Only denies tue infer ence that there is a restricted travel habit on the part of the Public but 5. 12 j supports the inference that the newer 5.37 new York stocks Logan Brvan members new York Stock Exchange Means of transport Are being used. In an article in Commerce of the nation for March. 1932, or. Ferguson of the Bureau of economics of the Canadian National railways Points Able for the volume of former rail traffic now moving by privately owned trucks it is to be assumed that the volume of this be equally As great. This is a matter great concern when records show tonnage bandied by these trucks is increasing at the rate of 25 Pel cent per annul. A summary of freight and Passen Ger traffic and of the ratio of operating expenses to Gross earnings of All Canadian steam railroads follows for the years a 20-1930. Similar records Are available since 1915 and show that the maximum volume of Passen Ger traffic reached in 1920 and the minimum volume of freight naturally in the Peak year of 1928. It would seem therefore that both freight and passenger traffic have during recent years been affected by the increase in. The use of motor be hides. Mining Cor nip Issig Noranda Premier. San Antonio Sherrift Gordon Siscoe Sudbury Sylvanita. Telc Hughes trend Veu Yurcon. _ ventures Vipond 500 30 100 i a 500 55 no Nio 1325 no 50 43 35 a of Ign which engaged the attention of. A Crew for Many Many prom data Chais obtained something. The commercial possibilities Deposit should soon be known the decision of Hom state interests to continue development in this Field will have much weight As to the conduct of future a orc on adjoining claims by the several syndicates that have taken up ground there As Well As the numerous individual prospectors that Are exploration in that Region at the present time. Pc Many claims staked Many claims have been staked in the area and prospectors in the Region Are watching both the Home stake plans and the results of. Exploration on. The Beardmore Gold mines. Ltd., property Larose Rouyn mines Ltd. An optional agreement is exploration on the most advanced Prospect in the Region. Long Belt of. Favourable Gold formation stretching through from the Beardmore area to Jellicoe. Two successful mine Hunts would Yalu naturally accelerate enthusiasm among Northwestern Ontario mining men the Smith Watson discovery which quickened the h Eart beat of Northern Ontario prospectors last fall has earmarks of a huge Deposit of Low to medium Grade Ore. There Are Long and wide Miner Alize , and there Are at places quite Rich occurrences Gold. The main Chance however appears to be that huge tonnage May Ore whose average would be sufficient to justify treatment plans of a big scale. Markets at a glance liw tune Dull a i Mirrer ii Lar Sears Koc Bucic new Selling continues in Aii Hurn. Irregularly lower rails jul curl stocks in a i Arrow Raipe to Sidiny Dull. T Husi irn a Pilot . Quarterly dividend no. Notice is hereby Griven that a. Of a i has been declared up i the capital Stock of this compar payable july 2nd, 1932. For the the june 30th, 1932. By order of the Bowd of dirtion. N. S. Watt. Sec retire Kelv 100 no 100 100 no _-100 100 100 up 100 .25 d23 105 25 Wrignt Hargreaves no 227 Oil acini Ajax _ 100 100 40 30 67 30 45 330 200 27 75 con. 100 Assoc. Oil no in Altha nl3 Ili Mical research Ommon wench Dallu Nisi Home Oil. My. Oil it Pete of select tons petrol Canadian s l Kam ha1lways track High Low june 18. Metals open Lov cilia Che. Net _ _ k r.-7i 13 i 11- is 13 2th i 10 Alaska 1501 american smelting Cal. It Cerro de Pasco go. Nor. Ore s int. Nickel Ylsia Kenny Cotoc Mck. Tin 400 Nevada Noranda mines Dodge t St. Joseph Lead motors and accessories Auburn. Ssali 2 Bend. Aviation 100 t b Curtis Wright to Eaton Axle i Gen. Motors look i Goodyear tire Hudson Hupp. Mack Trucl fx25 Nash North am. Avn. Of Nurkard i in. Utilities go Low s i 3 a sob 11 it u i 4 i31% net open a rfcs Low chg. Abi Tibi p. Tsun. An. Or. It. 100 w an. T. T. 900 _ 84 8s 8954 84 in. An. W. Works 300 Asir. 5i Colum. Carbon 300i rt4 68 Sti Warner aircraft . Rubber yellow truck in. Ivi of m x h n. Steels ant equipments 3 13 9 ii 10 Isam. Rolling Mills to. Am. Steel fdry.-----. S i Baldwin Loco. Bethlehem sol Byeis a. Case. J. 3.------------- 3s i Foster pc Wii Eeler 5 int. Harvester is Otis elevator x50.t_ 300j Tii uhen r. B. Him u. A. S. Steel pad Toof Vanadium 7xi railroads Aue shiny corp. Atchi Sotl Xool s of bait. A Ohio n t Brooklyn. Man. Is can. Fac Itic ti25 Ches. Ohio 250t _ 12 Chi Mil. And St. P. Chi. . And Pap. _ Illinois Central Lou. . Central new Haven Pennsylvania St. L. And Smi fran 40 37 121 60 34 1014 13 i 17 45 col. Gas com. Sou. I15 Consol Gas 4001 Stec. Pm. It. 100 int. Tel. And to Nat. P7. It. 100 nor. Am. Co. Floc Pacific Gas 2001 _ people s Gas pub. Serv. 340 s. Cal. De. 200 stand. Gas United corp. United g. I. 120 _ Western Union 2 205j ii Jim a v4 m 2 in. 1 a m m 1s14t a 1 j 33 33-14 5. 13 miscellaneous industrials 62 Vilai j 73v 37 14 24vi, 43v, 12 13 i 120 41 47 44 6 51. I 48h. Be 3 i 19 Viz 25 i 1 20 11 i 25 b 38 i 37 Len 20 1 _ _ _ i _ 4 i a _ -7 31 a 13 Southern .______ i Union oils Atlan Lio Relin. Loflin barns Ali cont l of Gen. Asphalt 100 _ mex. Seaboard mid. Continent.-----. Petroleum corp Phillif a Prairie pipe line pure Oil Richfield Royal dutch Shell Union consolidated Oil Skelley Socony vacuum stand of Calif. Of . Corp. Gulf s. 200 , Union of. Of c. S 8 .4 in. _ h 38 is 4 20s 11 4ti tvs Mvi sri. A air 38% Allied chem. 600j__ Suh Allis Chalmers 50 _ 6 an. Can 4001---- 37 an. Chicle c200j__ an. Int. Can. A. Sis am. Rad. S.s-, 40 an. Tob. Am. Tob. A sols Best co. T _., Borden 3001 2s Burrough 80 7l-i__ Canada dry Hii coca cola. -7001--- i com. Solvents 601 4j-i "4j-i Continental can Siml she Corn products 300i_ 3u cd Gdaliy. 400 Dominion stores tl20i tic do Luc. Fcook Dupont 4001________ East Llull .42 first or. Stores 250 4iiw 41 i of film. _ Orn. Cigars 400 21 Gen. Elec. 1601 la u gun. Foode 30011ti 22k Hen. Refract. 541vi 39 a year Mil be Opert n 1920 1921 1922 1923 1924 3925 1926 1927 1928 1929 1930 Gers carried freight carried tons Gross earnings operating expenses ratio of expend s to rec pts. 97.18 92.25 89.39 86.52 85.77 81.70 78.91 81.68 78.52 81.08 83.81 these statistics illustrate the difficulties confronting our railroads. Before the War h was generally held that on account of the enormous initial investment required in roadbed and equipment a railway s operating expenses should not exceed about 70 p or cent of its Gross earnings the remainder being required to meet in Terest on capital invested As Well a. To. Provide for necessary improve ments. The ratio Between the operating expenses to Gross earnings is Callun. I 4 8 i 415 4ii-m 10 i Winibel Grigsby Grunow int. Combustion Johns Manville js5j .1.1 t _ cd 31 10 do 34 9 9 17 20 Tot 22 Ivl it. 47 15 13 Iti 13 3vi 1 6 31 c i 2 14 i 2 2. 5 Kresge s. S. Kroger 1001______. Lambert 800 lib. I Meyers 400i_ liquid carb. 200 _ Lorillard Macy x5d May stores x45i___jo Montgomery 4 Katl. Biscuit s9 Natl Dairy or. 2601 16 Nail. Distil. 1-200 17 pais mount Public i Penny. J. 240 _ psi1. If. Coal proc ;