Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 21, 1934, Winnipeg, Manitoba Winnipeg free press thursday june 21, 1934 inert oils traders unload mining stocks on Toronto Market secondary group is target of Selling drive san Antonio and Little Long Lac Bear Brunt of president Trail traffic is heavier in nine out of eleven commodity classes pressure i Junn 11. Selling by holders through pm wednesday and this non of Toronto Stock cd closed i r Tyz Eccl in of. The mild stocks mainly re Niico caution a Hile base did shares an of firmness. The Wert Sci Illel Tiv Hie Ingle exception i by l. Payne Ottawa june while Carload Ings for the fortnight ended june 9 scored a gain of carloads Over the corresponding period of last year or by 9.84 per cent Sev eral factors entered into the Equa Tion which qualified that an abnormal situation obtained As proof of the swelling distribution of finished Industrial products. A temporary weakness in the Grain group accounts wholly for the relatively Low percentage of gain Over last year. Gains in East the Eastern division scored a betterment of carloads Over ill ill i Junun us Strain movement. There was a last year on the oth r hand the decrease there of 8.882 in blonds due to Market conditions. Higher prices the expectation of still fur advances had the effect of hold inc Back shipments for Export. In other words an exceedingly favourable development Cut heavily and adversely into car loadings which nevertheless showed Caius n nine the 11 commodity classes. Sains were Coal. Coke. 329 lumber 893 pulpwood Western division was in the red to the extent of carloads. As has been observed this was an abnormal situation from every Angle of View. Cent ated that conclusion is by the fact that the pulp and products paper. 976 176 Ore. Other Baloi us which hem unchanged us Sis on fan Yulii Iii. Mclntyre lost Whu Pioneer 65. And tick 10, whip dome gained 60 vol la . Shore0 Aid Wright Hargreaves Micil meeting of members. T. C. Anderson. A rec cd president of the per Slock. Exc be at the i Points Tio Nate merchandise 1.097 miscellaneous 4.721. Substantial improvement tin foregoing figures will be favourably impressive to the discerning and trained Eye. The substantial i improvement in Coal and Coke Eastern division had a gain of 130 carloads in Grain while there was a drop of in the Western. The evidences of commercial vigor stand out clearly and encouragingly in the facts relating to the Eastern provinces and particularly in the Central Section and there were also very favourable factors in the West Ern. The gains in Ore and miscellaneous Are significant. Western manufacturing interests Are unquestionably on the upgrade. . Loadings lower in the United states car loadings have fallen below the level of conclusively to a proper earlier months and competent of demand for Industrial Pur-1 servers Are disposed to look for Sun attn Iii Vuk i Sonie the ined Lum i iced golds unloaded til heavy volume. Sell la Vas resumed in san Antonio Bont 10.cxx shares changing hand i Price decline of 20 cents to Little Long Luc caught in the same Selling wave and it drifted vial to 4.yu Lor a loss of 35 cents read Aii Tiller 0, he v k Crow 7. God s Lake y. Bobo 4. Caribou Gold 1 j. Bill Lalo Audi Ruc o. Baacl Algum a was Tidi tur he on the Down Krade. Closing Ai. A for a Lusa of p4. More Thun 20u.ooo were sold. knocked to a in it 11 re to close it b4. Oil 1. Siscoe i Reno 2, Mcmillan 4. Ami Eulf. Toronto mines i Tidence i of the in Mckay open 20 2 2 ill High o j 20 7ti further contraction under seasonal and other influences. This is attributed to unhealthy expansion during the Winter and later months yet the same judgment predicts a Strong upward movement As the autumn approaches. There Are industries of the country. The pus superficial indications that similar strength of merchandise j influences Are operating on this close snips Marks the breadth of economic of the line. Meanwhile Cana Dian car loadings give every Assur Ance of a sound situation. Poses. A Strong upswing in Ilia 1 volume of pulpwood indicates con in the continued activity important pulp and paper Industry. The largest movement of arc in four years is significant of expansion within one of the Basic. 20 22 no 13 n 6300 j Coubry. While the vitality displayed miscellaneous affords ample economic Index indicates maintenance business Progress mews and views from Canadian mine Fields Canadian press despatch Ottawa june 16. The economic Index maintained by the Dominion Bureau of statistics was 94.4 to the week ended june 9, a gain of nearly 13 per cent Over 83.8, for the corresponding week of last year. Five 6f the major factors from which the economic Index was com piled recorded important gains in this connection. The Only exception was speculative trading which during the current period. Is at a much lower level than in the second Quarter of 1933. Car loadings the Best weekly Factor reflecting the trend of the volume of business showed a. Gain in the 22nd week the seasonally adjusted Index moving up from 70.5 to 70.7. The cumulative total since the first of the year was about cars or 23 per cent. Shipments of Grain showed a decline of 639 cars while the 10 other commodity classifications re corded important increases. Gross operating re venies of the Canadian National railway were in the first five months of 1934 compared with in the same period of 1933, the gain being 20.5 per cent. The revenues of the Canadian Pacific railway were compared with 340.248.000, re was 130.8 compared with 126.8 in april. Operations have been maintained since the first of the year at a considerably higher level than in the same period of either 1932 or 1933. Newsprint production higher a new High Point since 1929 was reached in newsprint production in May the total being the seasonally adjusted gain Over april was about 14 per cent the output in that month being tons. The increase Over the tons produced in May of last year was no less than 42 per cent. The production in the first five months of the pres ent year tons showed a gain of tons or 43 per cent. Over the same period of 1933, with the exception of three months in 1929, production during May was greater than in any month in the history of the Industry. The weekly Index of commodity prices was unchanged in the week ended june 8, Grain prices reacting owing to the considerable rainfall in the Prairie provinces. Following declines in March and april wholesale prices were maintained in May the Index remaining unchanged at 71.1. The Cost of living after having reached in March a maximum since september 1932. Showed recession in presenting an increase or 17.4 per april and May. The Index was 78. Cent. Last month compared with 80.2 and operations in the meat packing in-1 79.6 in March and april respectively Dusty. Of measured by inspected j the indexes of food rent and Sun slaughtering moved to a higher level i dries showed declines in May. While in May. The Index or slaughtering the Cost or fuel recorded a slight gain a. 63 Livi in. 11 2114 20 28 5.1% 18 1914 i 521 steels 100 14500 17.1 5500 am. Rollins Baldwin Loco Bethlehem Byers. A. M. 69h j Case. J. I. 8500 i . Tragic a j Rand Johns Manville. Kel Elnator Kresge s. S. Kroger Lambert 36% Lagg. Meyers b k 9t% liquid carbonic 2014 Loew s inc. Lorillard Isis Mathisson Alkali 28% Natl. Biscuit Natl. Cash Reg. Iff i Natl Dairy Rod. 18 in Natl. Distil. Owens bottle 79% Paramount pub. 1% Penny j. C. I h4 proc. Gamble radio corp. Radio a Orph. 2 Remington Rand _ 11 Reynolds b Safeway stores Shenley dust Schulte retails k j Sears Roebuck Simmons brands 21 i trans Merlati Lih j Underwood is in. Union Carbide in i United fruit cd ,3 . Ind. . Realty Warner Bros. Westing. Elec. 37% Woolworth 2614 97 21 32 18 17t4 17v, 4314 4.t.4 i Atli announcement of Public works programme foreign Exchange in relation to the i Canadian Dollar As compiled by the Royal Bank of Canada closed As follows on wednesday net change from tuesday being shown in brackets Argentina peso .2433 .0021d Australia Pound .3.9714 Olla Austria Schilling .1883 Coosa Belgium Belga .2317 Pooloa Brazil .milrels.0624 Bulgaria lev .0314 Ooola China Hong Kong dollars .3633 Bolsa Czechoslovakia Crown. .0412 Ooola Canadian press despatch Montreal june of construction issues tempered a somewhat irregular trend on the Montreal Stock Exchange at the close wednesday. Trading was heavier approximately shares changing hands. Activity in construction stocks was a reflection of the Federal govern ment s announcement of a 000 Public works programme. The upward trend of the stocks affected by this announcement imparted a stronger tone to the list As a whole. There was Early demand for Canada Cement both common and preferred the former advancing to 9 and the kid t. l. Lee Winnipeg stocks re Winnipeg Stock Exchange quotations furnished by Jackson Bros. Grain co., Ltd. Wednesday. June _20. Par bid Beaver lumber pad. ?100 Beaver lumber com. Of Blue ribbon pad 50 Blue ribbon com. British american our c. E. Corp. _ asked 63 28 3% 31. 5 can. Pac. Ray City Dairy 7 pc. Pad. _ 100 or scent Creamery pad. 100 x2s g w saddlery pad. G. W. Saddlery com Imperial Oil int. Nickel. 100 no no x no 2625 i 5 North Star Oil old. North Star Oil com. No Pell Silers pad. Com. Prairie cities Oil co no West. Brew. Ltd. W. Grocers pad. West. Groc. Com a Iii. Elec. Co. Old. Insurance. Trust 10 90 87 33 2 Al 23 no 90 la feel Oro 18 Maple Leaf in manasr a 245 Mck. Red l. 153 Mcwatters 36 Man. And b. 23 Mclntyre 4350 Merland Oil. 22 min. Corp. 186 Moffat h. G. Murphy 5v4 5v2 52 4vt a 15 4 25 c inv. And s. I 1u Muse. Hurt paid Assn. 100 Sov l be. 25 . Paid traders bids. Assn. Manitoba and Northern mme Bobo or nor jul Man. Dom. Explorers eld Dotso gods Lake gunner Gold Hudson Bay san Antonio Sherri Gordon. Grain Etc. Federal Grain 10u a Elianic Grain old 00 tinted Grain grow or of investment trusts can. Am. Trust shares. No can. Invest. Fund no fundamental series a no fundamental series b no grouped income no Bonds. Dom. Of War s . 1337 Victory loan s i . 193-. Run dons 5 . 1943 4j . 1940____________ 4 . 1944 4 i . Conversion 4 i 1957 4rb ., 1953-------------- 4vi . 1959__________ Nat. Service 5 ., 19s5--------------- 5 . 1941-------------- 1932 4 ., 1335-------------- 4 . 1952 3913 refund. 4 ., 1929 4 . 1945ii Roken lot. Mcleod b. Mcvittie Mcmillan Mal Robie mantly Moneta Newbeck Nipissing Noranda nor. Can Fordori cup. Osi Suo. Olga Oil. Oil select. 4 i Pawnee Kirk. 2 Pete. Cobalt. 3 Parkhill 41 Pend. Orvllle 72 paymaster. 23 Premier 123 Pioneer b. C.1325 pros. Aid. Pickle Crow 1g3 pore. Crown. 47 Reno re Tcline l u . A h7 Mont 7l St. Alit Hihi of i is n Antonio 51u Siscoe if 31 247 153 36 23 4850 22 186 51i 5% 54 70 0 15 4 227 14 1.1 4 is 11 24.1 153 35 22 243 150 35 22 4750 4775 22 22 185 185 set 4290 4335 24 i 25 10 10 is it 5% 52 66 9 9 15 15 4 4 220 220 4280 4315 24 10 1000 son 5900 170 r700 13011 1000 24300 3000 2550 2900 100 2400 300 1000 500 4500 2500 21000 in i Harvester 52 66 10 2200 6200 1000 1000 200c 700 760 1000 2000 3 42 72 23123 1340 3 41 72 122 1325 1450 133 c 58 4uo lib. 18 41i 3 3 72 122 1325 75a 150 2 4 i 1 83 .140 d 100 1000 too d 3500 100 3400 600 160 15500 4000 1000 2joo 10000 s 0000 Lauolo Otis elevator _ Republic Timken dlr. By. . P. And f. . Steel steel old. Vanadium Westing. Air railroads Allegheny corp. 37 i . 160.000 noon 1 . 370.000 2 ., 410.000. Total preferred tempered to 46. These the inter trading Levels somewhat. Denmark Krone .2232 Coosa Finland Finmark .0223 Ooola France franc .0654 Coosa Germany reichsmark .3777 .0013a great Britain Pound .a.9921 .0204a Holland Florin .6123 .0028v Hungary Peng .2959 .0015a India Rupee .3777 .00l7a Italy lire .0853 Coosa Japan yen.2974 Pooloa Yugoslavia Dinar .0-226 new zealand Pound .3.9873 Ousa Norway Krone .2508 Coosa Poland zloty .1881 .0009a Roumania. Leu .0102 Coosa South Africa Pound .4.9822 .0140a Spain peseta .1356 Coosa Sweden Krone .2573 Coosa Switzerland franc .3222 Bolsa united1 states Dollar , Dos. A . Atchison Balto. And Ohio Brooklyn Man. Can. Pacific Ches. And Ohio Chesapeake chi., Mil. St. P. Chi Del. Lack a Erie com it. Nor. Pad Illinois Cen . Central new nor. Pennsylvania Southern .----- Southern by. 2t4 60m 24 i 33% 59 v4 s71s 4714 59 1 38vi 4794 5 10 9% 24 23 h 1054 "3 22% 47% 16 2n How 1.5 w 24vi 21% -i4vi 24 Amerada Atlantic refining _ cont. Of Freeport Texas Houston new mid. Continent Phillips Oil Royal dutch Shell Union. Oils s3cony Vii cum. Of Calir. Oils is a 3va 4 53 25% 2054 my 3% 18 i i i Vivi 20% in. 32 it 3t4 in. Is in. Montreal stocks Osier. Hammond and Nanton june 20. Open High Low close Alta. Pac. Grain 3b Bell Telephone _ 1171ib _. Brazilian . Packers . Power a . Power b build. Prod. Can. C. can. C. F. Pad. Can. Cement com. Can. Cem. can. Nor. Per. Can. Is. Com. Canada is. Pad. Can. Ind. Alco. A can. Ind. Alco. B can. Bronze can. Celanese com. Can. Converters can. Pac. Cockshutt plow Dom Bridge 2714 22t 6 i 13 it 7% 4514 2b 7b 10 23a 42 a 15% 7 31 a Eft 314 37 a 5 i 2714 6v4 13 it 45% 20 i 10h 10 is i 7 331.4 90 12614b _ 4-Li 87 87 43a 3b 16 in 22fi no 157 173 no 13.10 100 100 Sud Burn b. Isl Ltd m. Tick a. Towa Mac tread. Y. Thomp. C. Ven Ltd. Wail a. Wayside Wain. Oil White Eagle i Writh t h. I Wood. K. 39 170 49 88 105 12 74 25 11 955 14 39 170 2-9 230 37 169 273 14 a 14 8 670 660 51 i 51 49 90 108 13 74 la d55 14 total 43 88 105 10 73 25 950 14 232 1s9 275 14 8 i 660 51 2 48 43 88 108 11 73 25 10s50 14 stand of . Aeo Cululi sulph. In .2 Union Ohol Cal. Lion utilities Sho 175 3400 for. Per. 500 coh Imbia Gas comm. Sou. Con. Eire. Per. Int. Tel. Tel. Nat. Per a it North an. Co. Pacific Gas pub. Sec. Of n.j., so. Cal. Stand. Gas United corp United Gas Wes Ern Union 11 3 la 1800 1300 500 2100 8700 11000 710 1000 Toronto stocks 1354 my. Tsvi 1114 1 1 la Dom. Glass 30 Dom. Glass pad. _ Dom. Steel Dom. Textile com. Eastern dairies foundation Gen. Steel Gurd. Chas. Co. Y 3 Gypsum l. I sly Hamilton Brilke 6 71 into. Nickel _.2625 ab25 into. Pow. Com. 4a of the Woods 101 a Harris Coin 4 Montreal pow. _ 36 i Mccol front. 13 i 13. Natl brew. Com. _ 27 a 28 Natl brew. Pad. 35b Natl. Steel car. 16a. Oglivie com. 200a Ogilvie Ltd. 138b pen Kiis com. 55b pen Mains pad. Loob Power corp. H o la Quebec Power 17b ski Winigan. 22 22 Sherwin i Williams. 15b smelters 151 151 Smith. Howard 8 i 8 i steel of can. Com. 36% St. Lawr. Corp. 214 s. Can. Pow. Com. 14a twin City 43ih Viau biscuit. Weir. Elec. Com 3 3 West. Grocers com 32b 6v4 13 7 b 43 20 10 v4 10 15u 7 3114 87 a 2y, 27 6% 13 it 8% 44 20 i 15 u 7 33% 90 87 it 4a 16 however the common Stock closing at tip a in and the preferred Issue gained three Points at 43. Foundation spurts foundation company advanced two joints at 16 and Dominion Bridge was up at 33 4. Smaller gains were made by Hamilton Bridge dry Den Mccoll Frontenac Winnipeg electric. Gypsum and Howard Smith preferred. Due to in settlement in Wall Street some of the More notice issues oos Erl fractionally. Consolidated sme Tiru was off Thrif at. 150. Do spite the fact that director.? declared dividend for Tun first six months of the year of four per cent or is per share As compared Wiki pair for the entire year of 1033, Las december. International Nickel declined 6.1 cents at 26.05, and Montreal Tele graphs was off three Points at 52. The Canadian Bank of Commerce lost a full Point at 147. Brazilian trac Tion Canadian car preferred Cana Dian Industrial alcohol Canadian Pacific railway Gurd Hollinger St. Lawrence corporation preferred Antl Banque Ca Nadienne National declined Small amounts. Hamilton Bridge preferred at 28 was Down eight Points from its last appearance some months ago. But higher than recent bids. 4 i 36 v 13 la 28 unlisted mines Jas. Richardson sons june 20. Arno .-------.-.------ 2v Arntfield Astoria Rouyn 11 Backfield. 53 i Seattle 138 Bedgood. 2l can. Pandora . Mart drifts lower in draggy trading session speculative interest is still in wheat is Factor. Crew at work. Scotty Matheson and a Crew of men Eft saturday for the Bruch Sonboli dated Gold mines limited property in he Rice Lake District. They will be Ustiy engaged for the next ten Days r two weeks cleaning out the test its and Clearing away the scrub oratory to the erection of Camp my dings and in general getting everything in readiness for an extensive Diamond drilling Campaign which Wilt take place on the comple icon of the financing now pending. There will be a lot of activity in he Vicinity of the Bruce consolidated Liis summer As it is understood Strong financial Toronto interests Are making arrangements to resume work on the Moose properties which Are about three quarters of a mile Southwest of the Bruce consolidated. In addition to this the Bice Jake Gold mines company Are in Active operation and Gold Lake Ltd., which control the Pilot smuggler properties Are laying out a programme for Large expenditures during the coming summer. Scotty Matheson is expected to re urn in about two weeks and has instructions to bring in samples from several of the pits. This property was examined fifteen years ago by pro Fessor j. S. De Lury and Many of the assays showed spectacular results. A. P. Cons. Activities the Mattson no. 4, seventh Well to be drilled in the Cutbank Montana Field by the Alberta Pacific Consoli dated oils Ltd., is making Good headway at More than 600 feet. Cable tools Are being used according to an announcement made by the company. The trestle to carry pipe comprising part of the water line to the com Pany s mining properties near Lillooet. . Is also approaching completion. Metal flume for crossing some privately owned lands and pressure pipe to carry water to the monitors have been ordered and should reach the scene of operations very soon. Mining activity is expected to commence in the late sum Mer. By Frederick Gardner. Associated press financial writer new York june 21. Speculative initiative was still lacking on the Bull Side of stocks on wednesday and the Market drifted downward in slow trading. A break of nearly three cents a Bushel in wheat and weakness in distiller stocks discouraged support for the share Market. 16a 149 i 150 2v-, 2% miscellaneous m 100.40 108.25 107.75 105.75 i. 10 10. Bingham Mckay Ltd open. High. Low. Close. 9u corp corp. Old. F. K. Burt i g g ing.35 j can i bread _ 106 0 can dress my 106 i can. Bakeries _ lean. Vinegars can. G. E. I can. Oil 16vj 16 cons. Bakeries 9v4 9 rent Tat if i o i 2 a. 32b 9% 102.50 101.50 air service resumed 22 i ii 26 via "16% 16 a 9 9 183 183 i Ford of 213.i 21 i 2hi " Goodyear of 115 Gyp. L. I a. Hiram Walker Kevii Ator of can. I Laura Accord a Maple Leaf j Maple Leaf nid. corp. It mutable _ photo eng. Cry. Stu. Equip. Standard paving. Standard steel super test Pete. Waterloo mis i Allied Cril m. Allis Chalmers an. Bank ctr an. Can a com. Alco. An. Int. Corp. An had. . An. Tobacco b an. Woolen Armour a Calif. Canada dry comm Cong oleum Continental can Corn products Coty 3637 lie 115 us 63a 6vi 6% 5a of met 75 68 07 3sw 8v4 live 32 w 27% 79 67% Toronto Stock Exchange Melady Sellers co. Ltd malady. Sellers company limited june 20. 20 miscellaneous mines Down .33 20 golds .122.86 Down 1.29 20 94.91 Down .33 Industrial shares mining share sales _ v. Total sales 103 102. To All key Points in the United states planes leave daily at 3.45 . Arrive Winnipeg 11.45 . For further information apply Hanford air lines 229 Portage ave 95 711. 57a 75a 7b Isa 20 a. Vork Jinx by Wall Street hour by hour a. P. White co following Price indexes supplied at intervals during the sessions of the new York Stock Exchange of Dow. Jones and company indicate the Market trend of the major groups of securities listed. The averages Are computed by dividing the total prices of each group by the following industrials 15.46 rails. 17.8. And utilities. 20. Price indexes for wednesday s session follow 30 industrials previous close 11.00 . Noon 2.00 99.02 98.74 98.39 38.54 98.64 close 98.25 Canadian press despatch new York june Exchange easy at 5.02% for 60-Day j Bills and at 5.03 a Tor demand. Foreign bar Silver 65. Canadian dollars wednesday. 13-16 per cent wednesday s Range Premium tuesday 1u per cent open mum week ago per cent Premium j 30 industrials 98.63 France 6.591i Italy 8.60 Uruguay 20 railroads 45.28 80-92. V20 utilities 24.73 20 railroads 45.58 45.54 45.40 45.35 45.213 45.17 20 utilities 24.65 24.59 24.52 24.58 24.58 24.40 Casey Summit Titi Central Porcupine 50 Clover Gold Clover Gold units Colu Marlo old 20 Crown Reserve 5 Cuni Penu Dorval Siscoe units forty four__.______________1525 four nations 19 Gabrielle ._____________74 great Bear Dev. 23 Greenlaw golds de _________________28 hard Rock hard Rock units Island Lake Johnson Nipigon Kenty Kowkash Lamaque Gold Lamaque Contact Long Lac Manitoba Basin Matachewan can. Mecca Montgomery act. Mccarthy Webb Mcleod Cockshutt Mcquaig red Lake n. A. M. E. _ nonmetals o Connell Pacific East Queen Lebel red Lake Goldshore Rice Lake units _ Rubec _ Scotia Gold _ smelters Gold _ Sullivan cons. Swayze Contact to Blemont Island _ Toburn Vanson Manitoba _ Wallace Lake _ wendigo 710018 2 215 16 41 1 10 15 _ 561 _ 39 .1300 43 -1500 _ 4 _ 32 _ 28 _ 44 i 80 _ 140 74 35 Wingold Wylie Dominion Young Davidson Glenora Gold Eagle Horseshoe ._____________ l. L. Adair Murwood Kenroy Normont Roche l. Lac. Bailor Gold ________________475 big Long Lac 15 51 9 33 33 32 8 29v4 145 u i ii 53 35 2900 24 60 2000 1575 23 76 26 5 30 7500 9 20 58 4 230 43 12 16 21 24 1 2 b7 i 40 1400 5i 100 12 27 1700 35 30 47 9 143 33 77 37 40 39 35 53 liquidation was Small however and volume in the Stock Exchange shrank to shares compared with in the preceding session the Standard statistics company average Price of 90 stocks declined eight tenths of a Point to 80.1. National distilleries dropped nearly 2 Points below 24 following announcement of plans to offer new Stock to shareholders at a share with an option to lower the Price if the company wishes and to sell shares similar terms to the distillers co., Ltd., of great Britain. Schenley distillers sold off More than a Point in sympathy. . Industrial alcohol Crown Cork Seal and american commercial alcohol lost 1 to 2 Points. I pc port rallies two recent weak spots. Freeport Texas and Westinghouse air Brake to close fractionally higher partly on Short covering. Most rails were Only fractionally lower at the close As support appeared with predictions that the weekly car loading report would approximate or surpass the year s Peak established in March. Metals eased a Little further in face of the signing of the Silver Bill by presi Dent Roosevelt. Industrial leaders of the calibre of american can Genera motors and Standard Oil of new Jersey moved narrowly steel shares softened with u steel and Bethlehem finishing about a Point lower As the jul steel Outlook brought in a Little sell Cotton gave up most of its gains 80 to 85 cents a Ontario Gold output production by on Tario mines in May showed a Sharp jump Over april the output in Dol Lars at the new rate of per ounce being compared with in april an increase of about the increase Over the Cor responding month of last year was about for the first five months of 1934 Gold was produced to the value of which exceeded the out put in the same months of 1933 by about tons milled total compared with in the corresponding period of 1933v the number of producing mines has increased to 20. Nine being located in the Kirkland Lake Field six in Porcupine District and five in the Northwestern Ontario Field. In the Northwestern District. Production totalled for the five months compared with in the same period of last year. The Kirkland Lake Field had an increase of about and the Porcu Pine mines total production of Silver in the five month period w 153.697 ounces. Great Bear mine s j. Byrne president of Gre tit Bear Lake mines in his state ment to shareholders in the annual report for the year ended Jan. 31, says that work was confined for the most part to the Rad and Bear group.? t great Bear Lake. On the Benr i a Tunnel was driven a length f 129 feet to intersect the Mineral one. And where Cut the zone showed Width of 12 feet. Low Silver values vere found but time did not permit f Drifting. It is possible Drifting and Diamond drilling May be done n the claims this year. Late last year the company secured n option on the discovery claims in the rediscovered Natanni Placer Field. Party of five men was sent to the property in january and additional ground was staked in three groups. 3reat Bear now holds feet on Mcleod Creek feet on grizzly Creek and feet on Leigh Creek some pits were sunk on the claims iut Only one reached bed Rock where ome fairly coarse Gold was found. The company also holds approx the Kenora prospectors and Elnen limited at Shoal Lake in the Kenya District is progressing favourably sinking on the main working Shaft has now reached a depth of 310 feet it is expected by the first week july to Start a crosscut North at the 300-foot level. Objective is to crosscut to and Drift under the 150 foot level of the number one vein which has now been opened up triv ing a length of 180 feet of Ore Acra four feet with an average value of per ton at the current Price of Gold. During sinking of the Shaft a new vein was encountered giving Ohleh values which will warrant further development on completion of the present programme. It is the intention of the company to erect a 30-ton, Mill this fall. Part of the Mach Cerv is already on the property. Power conference two new in Prospect this year the question of Hydro electric Power for the area surrounding woman Lake in District of Northern Ontario is again receiving consideration. A conference was held recently it. Was Learned Between the directors of . Consolidated operating former Jackson Manion Gold mine Fraser d. Reid representing Summit Gold mines Ltd., and we Salter representing Hudson Panicia Gold mines Ltd., operating tit for Mer metals development p with engineers of the Ontario _ electric Power commission relative to the construction of a trans Lalon line from ear Falls to serve the three properties. The engineers of the commiss Loa recognize the importance of the developments occurring in the woman Summit Lake area and expressed desire of the commission to co operate to the fullest possible extent. Ear fal is approximately the same distance from woman Lake As from red Lake and the suggestion was made that developments in that area might receive Power on the same terms As the Howey Gold mine for which the ear Falls development was created. Officers of the com Mission Are now reported to be paring a draft of contracts to be submitted to the companies. The representatives of the companies also considered various estimates submitted by Independent engineers on the Cost of a transmission line from ear Falls into the new Field. 9 "2 35 27v 35 35 11 31 650 17 mately 700 acres in two groups in the Lew Ottah Lake area North of fort lae while a party of experienced prospectors has been placed in a area in the Northwest territories prospects of finding precious metals Are thought to be Good. Bill programme port Lake Gold lines limited working on three Side f the Didik famous for High Grade hipped last Winter from the Atigo Gama like Section North of Jel Lacoc. S working on three major finds on to properties to the North. Prepare i Drill programme. Montreal curb Osier Hammond Nanton june 20. High 99.10 45.39 24.73 Low 97.94 45.02 24.32 close 98.25 45.17 b. C. Exports Canadian press despatch Victoria june Colum Bia lumber exports by water for the first five months of this year sur passed by More than a third exports for the first six months last year it was revealed today to provincial circles. Between january and May inclusive Board feet were shipped compared with Board feet exported Between january com.-------150 150 140 Assoc. 10 Assoc. O. G. _ 20 Asbestos _ . G a brew. 130 1" brew. Corp. C. _ 9% g1 brew. Corp. 29a _ Brit am. Oil 14% a 145 can. Dredge_____23% 23% can. Malting 33 331--, can. Vickers 2b can. Wineries _ cons. Paper____2% 2 a mat. Seagrams___18% Levi Dom. . 24a Dom. Ford 21% foreign Power _ 175b _ Frazer Hiram. Walker c. _ 37a _. Hiram w. Pad. 15% 15% 24.40 and june inclusive last year. 33 Home Oil Imp. Oil _ Imp. Tobacco into pet. Into. Do. A _ into. Mil. A Robt. Mitchell _ Page Hersey _ 123a Price Bros com. Price Bros. Lecoe Gold j_____332 232 Walker. Brew. 930 835 10% 29% 314 75 70 4 28a 15 23% _ 14% boy 29 3% 3% 23n 923 140 10 20 140 a 23% is1. 15 31 so 570 3 231 935 plan new Mill Canadian Malatt. Mines successor to the original Malartic will be Quebec s next Gold producer planning an initial null capacity of 300 tons is. Re ported. In addition to development in extending old Levels three Dia mond Drill holes recently put Down Are reported successful one to below the third level. Very Complete sampling of the entire mine has been carried out under direction of Ven Tures Ltd., which together with its related company. Sudbury Basin is providing the main finances. The 300-ton Mill is not confirmed a previous indications being the prop erty would require 100 tons. At the present Price of Gold the Malartic in being considered a big Width proposition of Good Grade. On the 250 foot level it is reported from Field two crosscuts have revealed Ore sections of 40-Fot. Width running 19 and s7 old on the Bottom level the Section has been reported 33 feet Oligher values this level the Best to Date. It had been estimated use a Sperty had something Over on of Ore. With development Suc Cess since then. If reports Are Cor rect. Ventures Ltd. control his in its assets an important new Gold producer adding to its already greatly improving other Gold pro Ducer in Quebec the Seattle Gold mines which is up through tons daily new Yoek Cotton James Richardson sons june 29. Hish Low clap 12.85 13.45 12.85 Jan mar. _ May july _ oct. _ Down .15. 12.52 12 h 12.76 12.61, Ujj 12.13 11.97 12.37 12.j4 12.m 12.50 u3t for Sale by tender sealed tenders will received by the undersigned Purchase of lowing automobiles up to five 5 the 27th Day of june 1934 Chevrolet coach. Ford Victor la. Essex Sedan. Tenders food for acceptance within Days from the 27th inst. Will be steered for the three cars or Tor my individual car. Or one half Cash in one two and three months. Nature of Security to be mentioned in detail and to be 1ra-. Marked Cheque for 10% of amount of the tender Paval to Banow cant Vienne company. Same. Cars May be inspected Ford and on Are Beine map for s Riim Nyrl at he despatch garage. 293 Gam. Str on Are Oemig made Roi a Diamond Tlle Nev role at Carter let str garage Mill installation work on Cedar Island property of Maryland Street. The highest or any tender not warily accepted. P. J. Tonkin co. Ltd. Ill Street. Winnipeg City of Winnipeg notice of intention to make certain local improvements and to assess the Cost of same upon frontage properties notice is hereby Given that the municipal Council of the City of Winnipeg Intel pc to Snake and construct and will make and construct the several local Ira Provino in Schedu e below excepting in the respective cases in hereinafter mentioned is received. Active cases in which such local improvement work is proceeded a isue debentures sufficient to raise an amount equal to the tort he h sidewalk upon one Side of the Street Only the assessment oos the renting upon that Side of the Street. N a be o t i i he assessment shall be made upon the fronting upon both sides of the Street or portion of Street upon which the improvement is made. Ucas5, of assessment for the construction of pavements in designated by Council for the purpose of such Laws Ament with a vet to an equitable adjustment As residential districts and where the situation complicated by arterial or through traffic the City at Larte As some of All Public intersections and in addition will assume and pay the Colt to allowance for Corner lots equivalent to two thirds of their depth or of the construct Lon of Gran lithic sidewalks the Cost h walks during one year shall be pooled and a uniform Froc Taw e respective Width of sidewalk after allowance has been made thirds the depth of Corner lots which with a View of making an equitable t ment shall have been designated As residential Aser where generally will assume or pay part of the Cost the cts Sharl to the share of Cost Over and Shore no month from the publication of this notice the Ownen 5 of and respective local improve note of the Sald real property according Totte against the non h Pettlon Council against such local against the proposed assessment of the Cost and streets or parts of streets upon which Are pr5posed to be As follows grouped under the to local improvement schedule v conc Etc seven teas. Term pavement on Boyd Avenue from Arlington Street to us. M e rom Alan Pacific hallway Selkirk Branch. Estimated Cost s13.880.00. E ten Tab term 5 it. Gran lithic sidewalk on the West Side of Koldar Rocic Street from Avenue to Church Avenue. Estimated Cost 1804.00 City clerk s office. Winnipeg june 21st, 1534. By order m. Pete Spoff ;