Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 22, 1932, Winnipeg, Manitoba 12 free wednesday. Juke 22, original orders of Alberta conservation Board to be enforce rails fail to hold stocks up under pressure trading improves under dip which establishes numerous losses new York june 22. Stocks loaded i through most of tuesday s Market. But quickened their step in the last. Hour when the recent deadlock was broken by a definite Sag. J trading picked up moderately on i this dip which established numerous losses of a Point or so. Even at liveliest the Market was Dull is j though some traders found grounds for disappointment in the ease with foreign Exchange _ Montreal june 22 and foreign Exchange in relation to the Canadian Dollar As compiled by the Boyal Bank of Canada closed tuesday As follows Argentina peso. 0.3010 Australia Pound. 8.3627 Austria Schilling quoted Belgium Otelga Brazil Mirels. 0.0883 Bulgaria lev quoted China Hong Kong dollars quoted Czecho Slovakia 0.0341 Denmark Krone 0.2303 Finland Finmark 0.0204 i Rance. Franc 0.0455 Germany Reiehsmart-----0.2719 great Britain Poi red. 4.j930 Greece drachma quoted Holland Florin. 0.4674 Hungary Zeugo. Not Iii Din. Rupee Italy lire Japan Yeii Juso Slavia Dinar new zealand Pound Norway Rule Poland eur. South Africa Pound. Spain peseta. Krone Switzerland franc ., Dollar 15% per prices tapered off when offer j increased. Buying incentive obviously absent and leading shares apparently had to depend on require ments of professionals Many of j whom seemed to be _ about the new Stock Transfer taxes. Bails again tried to Lead the 1 r 1 Iii higher. They were fairly successful do my Market again during the first hour but their in Vilu 1 nun ill p movement lacked conviction and j omission of american smelting s pre i cried dividends found All groups ready a letdown. Prevailing Dull j brokers rather gloomy Al j though it was pointed out that this i would prove a Blessing in disguise if course determined very largely by. To 1 May clarify position of cons. Smelters Bif company in the meantime passes Stock Dominion action Treul june of consolidated mining and smelting company or Canada tuesday de ferret action on the halt yearly com stuck dividend. Railway situation in Canada and position of the Canadian National fur offerings at Montreal Sale Canadian hallways taking Steps to meet bus and truck com of u. S. Railroads in moving freight by motor trucks. In irregular mood associated despatch York june a in signalled final cessation of import-1 in sell 491.988 ant liquidation. Doubtless the Short interest Lias been substantially reduced thus leaving prices susceptible to even slight increases pressure. Tuesday s sales totalled against yesterdays Ellow of 388.165. Volume wits Bouc Day Consolidated Gas North american i Allied chemical. American tobacco Santa be Public service of Mew , Union Pacific Eastman Mckeesport Westinghouse and Standar d Oil of Nev Jersey lost from a major fraction to while american can Auburn and coca cola were off 2 or More. Div dual Market conditions the Bond Market gave another display of marked irregularity tuesday. United. States government issues were firm with Small gains to the credit of most of them alter trading of a. Generally uneventful character. Foreign government obligations showed a divergent although Ninny i in Trie last half year the company paid a. Dividend of and a. 5 stuck dividend. An official statement issued at Hie meeting said estimated earnings Lulu dig income Sliby a moderate surplus Over operating expenses for the first halt of tie year tout no provision was made for depredation and. Depletion. Unsold of acetal those the beginning of Liei year general conditions Are Sincli that the conserve ton of Cash resources la the Only Safe policy to the statement said. If at the Ottawa conference the existing preference be permanently established and the British Market assured thereby it will be possible to plan for the future in a. Way practicable. The directors have therefore decided to defer action on until the full year s results Are known. By tvs to time the general situation should have been i of Csupak Yorac Jime higher displayed by British of tue German issues and i Queensland to the. Norway. I registered fair advances. Sail hens also were marked by a decidedly mixed trend though the better Grade issues gave evidence of reasonably stable Market conditions. Some of the Utility. Issues were in j lined to Sag. Notably 3f of Tutti of a serifs at six articles written and which together Jive a graphic pen pc lure of. The difficulties Wilck Couro cited tie into a Ami he i icle it unit u Ali at is now Ilie Waii Adlung at Lonzil railways. Net the article no. 3 recent that Bot i the Canadian National and the Canadian Pacl Ric were planning the operation of tract and. Bus lines appear promising. It will enable to meet exist ing Competition but the inauguration of bus lines will permit the of certain local trains where the Hail and Many stops demand a. More flexible told Scono Toal Agency such As the motor coach. A thought commonly expressed is to legislate and tax Treasea and trucks out of existence. Anything which ii economically sound cannot be Defeated by taxation. It is a a bloc want gis lation or eliminated with an. Annial Economy of co ordination in the passenger Field has taken four different forms or operation replacement of train service in whole or in. Part Speed ing up of trains by elimination of local stops use of buses As feeder As supplemental to Raiser vice. In addition to these however the company has found that the use of other rail facilities As stations agencies and Depoti has assisted in successfully meeting Competition from. Independent thus companies. Some results. In regard. To., freight the Pennsyl Vania began to substitute motor trucks lot local peddle trains in station to station service. When Ever developed the manage ment found that economics could be effected and the movement of traffic expedited. This i.r-1 developed until up to a year ago the company truism that what the up will. Have and leg Taxa leu will j permanently pre vent it. The popularity edit the automobile motor bus and truck h ave been demonstrated beyond any doubt. It has been estimated trial the. Investment in motor Vel icicles in Canada is in excess of and that the Cost of highways and Ling he a vehicle had trucks route on 49 Miles routes covering Dally with an approximate annual saving Ai the next step in. The Pennsyl Vania s programme was to arrange for the transportation of freight from shipper s door to consignee s door by the use of containers. This plan was largely designed to meet motor truck Competition in. The Short haul Field where it was dominant owing to its flexibility. Silver foxes top research staff will resume sixty three of Day s list Strong feature advancing ten work of checking Gas outport Canad a f a can despatch Montreal. June total of 000 Ivas taken in monday by the Canadian auction shies Coni i Iii limited for the first transactions at the auction Sale of Perth at their warehouse Here. Sixty three of. The Day s offerings a Ere sold during tie proceedings. Silver foxes topped the just Foi popularity at the Sale. Included. In the list of pelts offered were 380 badgers.-sb5 Lynx 1.100 wild arid Lynx cats Wolf skins Timber Wolf pelts raccoons skunks House cats Lusky squirrels 76.100 Miles. Ringtail opossums 1.100 Silver foxes 115 White loses 90 Blue ices 650 cros.5 . Price i Taupe an. Official record at the Day s proceedings is As follows As compared with our March Sale we report Badger unchanged top Price ?20 Lynx advanced 10 , top Price ones extra Large. S44.so Wolf Timber Wolf wild and Lynx cat remained unchanged Raccoon heavy unchanged coat Coon advanced 40 Skunk declined 10 Kolinsky producing companies to be notified of court dismissal of action brought Spooner oils against Turner Valley Board. Calgary june research staff of the Turner Valley Board will resume Ita work in. The Valley testing Well productions it Effort to curb the total Gas flow to cubic feet per Day. Following Edmonton of an. Action brought by Snow. Oils ltd., against the Turner Valley Gas Board and the Alberta i Tonj general franc p. Fisher technical adviser to the Board said notices i Fotij be sent to All producing advising them of the com the conservation act he said is in a state of my and the original order of the will be Pup into effect immediately. Re mulled unchanged Squirrel de this plan contemplated that the clued to Silver Fox Best operation during 1929 reached shipper could Load a Container at the store door to be trucked to the fortunately for born. would appear Winnipeg Man Heads credit men s association i water works and electric 6s., the performance. Of some Industrial was rather ragged but this was mainly. True of the More speculative descriptions. Currencies on local foreign exc Junges to u e ii Canada a logical held Lor tuesday. The Canadian Dollar closed i both the Riu Uay and the motor bus Ceat. Lingher at cents and Many transportation ended the. H ave come 1-i-i cents higher for Cable ,.the., Rai Irpa to Here is alter Early weakness. The doll an opened ii changed at 86 tue Sudaj morning Rose to 86 c-8 cents was a voted at 86vb cents and closed at.88.% cents. Sterling started lower at the Day i cent. Rose at noon to sold for in mid after Lon at Saskatoon sa.-k., june a. J Acheson. Sherwin Williams paint company Winnipeg was elected j president of the Canadian credit men s association at their an Nual meeting Here tuesday. J. P. S ill Vaji. Quaker Oats company Teterboro. President re elected general manager Wall Street hour by hour to the conclusion the most Eli Clent instrument for Long Dis Tance .transportation., where its in flexibility is. Riot a dominant Factor and that n motor Truci is More efficiency for Short haul and retail work therefore since one Agency is preferable Field and the other in the it is evident that the of most economical transportation scheme requires that the two Agen cies be Ted the .pennsylvania.-. Railroad recognized Yery j Early. The probable cot motor. Trauma rotation in rail line of the Currier. There the Container would be loaded on and then hauled t6 its destination by rail. Then it would be again transferred irom car to truck conveyed to the consignee s door and the freight unloaded. The Complete operation is handled by the railway company. The com Pany s trucks Picoc up the freight at the. Commercial Field. Lecog Wilzing the following Price indexes supplied by the Standard statistics com Pany. New York indicate from hour to hour the Market trend the four major groups of securities listed on the new Tork. Stock Exchange. Out., was named vice the averages Are prepared at the end of each hour following the opening h. Rna Are calculated on the Hasis of 1b26 equals 100. Following Are the indexes for tuesday s., session december March May _ july october Loffman Bryan june 21. Open. High. Close. It 93 93 90 91 98 94 95 _________103 103 10 101 79 80 17 78 _________85 85 83 84 sound list .20baj3s 1932 High. 69.92 40.11 1932 Low 35.15 13.06 last close 38.59 15.68 tuesday s . 38.82 15.78 11 . . Time 38.95 15.80 noon vyv 38.93 15.77 1 . . Time 33.81 15.77 2 . . Time 38.58 15.54 close 37.72 15.30 20 Tetil. 90 Stock s Bonds 111.78 49.62 59.95 60.18 59.72 59.95 59.89 59.48 58.40 71.74 34.27 38.80 39.00 39.02 39.04 38.95 38.70 37.88 78.16 57.50 61.33 Point of origin rail line. Its and cars deliver it at transport the freight to destination where again its own. Trucks make the delivery. This use of containers and the. Co ordination of rail and tracks results in. Economy of time and expense to the shipper through t diminution of handling and wrapping requirements. It also relieves the rail Carrier of. A portion of its terminal work and the tru str. Of the line haul. This permits each of the agencies to co Ordina and Public with eco grades. Remained unchanged with a top Price of medium priced skins advanced 10 Low grades advanced 20 per White Fox declined 5 Blue Fox remained unchanged Cross Fox was unchanged with a top Price of tuesday there will be Beav ers 700 others red Fox Grey Fox. 68 730 Ermine and 210 fish ers. Wednesday is the last Day of the Sale when muskrats. Martens 320 Stone Martens 300 Jap Martens Jap Mink and minks will be offered to the Public. Smelters slumps 4 in Toronto Market Caus Zifcu. P Toronto june 22. New York stocks log a members new York Stock Exchange. 1.mj- is n Low open. Metals june 21. Net High Low close chg. High. Low open 15 s i 13 62% 1v4 4 in 5 Alaska 501 am. Smelting Anaconda chime a it heels Cerro de Pasco dome mines go. Nor Ore i2do Howe sound. .x25j inspiration int. Kerme Cotoc Mckee. Tin Nevada Phelps Dodge. 4, 4 37 s 3 91-, _ 4, _ _ i i in. W tin. Sam 26 h4 13% id1. 34% 89vi 43ti 4. 14 4 3% motors and accessories Auburn Smi Al a aviation corp.______2 3 2 i Bendix. Avis. 100nufi 5ti 5v Chrysler Looi pm 4 con. Motors Curtis Wright a _ is i 4-% 11-% 1.1 s i 34 i 13 43 i 15 i 2 35 39 i 22 a 25 33 is i 113 Baton Axle 50 elec. Auto it. 33 blew. Storage b. So general motors Lii Goodrich tire Goodyear tire Graham Paige Hudson Hunt Murray corp. 8 Nash 6m 3 a. Amer. Avn. _ Packard Stewart Studebaker United aircraft yellow 11 n. 8 14, i 37 121 60 -32s .14 15vi 10 a 21% 50 17 21 45 Texas corp. 1001 _ Haj Texas g Ulf sul. 20q it Tidewater Assoc. 2vi in. Oil of Cal. Iva utilities am. I p. . 23i am. P. L. 100 _ 354 am. T. . Am. W. W. 300 Bolyn. U. G. 5001 58 Columbia carb. 300 Columbia g. 7 com. Sou. Fxl5 Consol. Gaa Zooi 38 elec. Pm. I it. 100 int. Tel. so Lou. Gas Al. 175 . Pm. Is it. 1100 9 nor. Am. Co. 111054 a Pacific Gas 200i Jill a Pacific Light 300 _ 2r people s Gas 800 rvs p. S. Of . 340 is Lii Cal. Edison stand. Gas 50 Stone web. R40.l_ 6 United corp. 45-s unit. Gas Imp. 120 Western Union High Low lots 9-4 ,1 3sv4 june 21. Net close in. In. 9j4 a 13vi 47i a i 1uv4 _. 18 it Sis 3h s5s ski 21 4 2r 191-i ii s 6w .1 3sv4 14ts is i t Lii _ of i i in. _ in. A 17 i 3 4 20h in. W is a 154 in. H m 56 h 3.-iv4 in. Steels and equipments an. Car pay. 3 an. . 3 an. Steel j by. 2 Baldwin Ioco 74 Bethlehem. 1 Eyers. A. M. Case j. I. Cater. Trae. 3 poster in Wheeler in g. Am t. Car Hui Ingersol Rand 300t 13 int. Harvester 9 Otis elevator 3c50 _ 10h Pullman 300 1 j up Public a1. Timken r. Bra. I Iso i 7 x Ripe to. By. 1200 Steel. 52 .3 Steel of. Wet Anchouse air by. 5h 11 18% 10w 171-i Jolt flu Var i h or a in. In. 11 14 1l it in in. It. Railroads v4 94 81 i so i 20 20 i 3 a Allegheny corp Atchison Looi Balto. And Ohio a Mclyn. Men hat. Koo Canadian Pac. U25i_ Ohio 1250 Chesapeake 200 Chi., m. St. P. Chi. J Chi., . I p. Del. Hud. 900j i del., Lack. Is w. It. Northern woo Illinois Central mo., Kaa. To. Pacific com n.y., Chi. Is St. L. _ . Central. Haven Fil now 2 v4 12 vis is 11 _ k is in an k 2 7 _ i _ in 6 5ji Northern Pac. 42 s i 13 Bivi 12-, 31. 39 i 15vi 12 is . Ont. Western heading co. 1x25 St. L ;