Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 27, 1934, Winnipeg, Manitoba 12 Winnipeg free press wednesday june 27, 1934--------- i. Gold stocks return to favor in brisk Toronto session secondary group is Given Active buying support Pickle Crow Mac Ossa read an Thier and others Advance improve 27. Gold Sharps i favor today i to of the re a speck lev heavy Mari turn prior Crl Proni Aii Diirr. Mckenzie Ana Cen some or the Nasr Metal i firmed and the Silver were Itealy. Volume was close to a reports big saving news of dividend actions bolsters Wall St. Market Santa be directors declare group rallies new York stocks James Richardson is sons cd Yoshii prices june 38. Metals net hash. Low. Close. Chg. 1 press do snatch. L by my doric k Gardner Amu a feel press financial writer new York. Juno Stock i Market stir Rcd in its summer slum i on to move moderately j higher As dividend actions helped to spread some cheer in Wall j Street. J inflationary were reflected in the character of stocks favored in a mild buying flurry tobacco sugar and other Maska Juneau. 20% imn. Metal____22vi smelting 42% Cerro de Pasco dome mines 45vi Howe sound some stack mines. I int. Nickel in Endecott i Vicke sport tin son indu mines Price is Dodge 17% . Smelting 121 we 21 tit 41 1414 2154 in. V4 15 i Hon. K. A. Mcpip Irkson. By a stronger tone for Tow on tits York Market. Old leaders recorded Sains i provincial treasurer who announced up that i saturday that the comptroller Aen feral s accounts Lor the fiscal year ended april 30 show a saving of More than 31.000.000 in actual expenditures under the. Estimated amount. L.2j. Dome was to s44.50 and other advances for Hollinger. 20 Lor Bra i or Lake Shore and Mclyn Tor Pioneer Ami 5 for Teck added 7. Mekenzie i 3. Pickle Crow 5. R advances of a rent Vero recorded for Sivo Rand Mcmillan. Mcwatters. Vuki Avci no Stafeil. Central Alp Mac Acme of Ajax open. 21 Mckay june Hiah. Low. Metal shares which usually Benefit from rising commodity prices were out standing for strength. Bulls got a pleasant Surprise in the announcement of a dividend on common Stock of the Santa be rail Road the first payment in two years. The Stock Rose nearly 3 Points on the news. Traders scanned the list j for Tihor dividend prospects with the result that a. Minor wave of j buying came into the Market after Santa pc dividend had been reported Early in the afternoon. Steel rallies steel shares rallied with the mar Ket. . Steel 125 motors 25 4 Sim 4 129 aviation corp. Bendix aviation Birri Collins i Valkman. Chrysler Curtis Wright a _ Curtis night Eaton Axle Elco. Auto it Firestone Gen. Motors Goodrich tire Goodyear tire Hudson 25 i s is 15 ill it i 1 16% macs Murray Nash. North am. A. Packard Stewart Warner Studebaker United aircraft u. S. Rubber yellow truck 314 Ivl 4% 16 m new i 10 h n 21144. 13 28144 10j4 7 16mh 454 3% 18 4v4 steels c. 350 32.1 _ 11 _ 100 10 120 28 1500 n Early if Aen Kness. Supposed by a Fly firm tone on tiu1 York Lute listed stocks hire Orel ii nil of i o Oil. Beverage i inning on a better in the Las hour. Thir n stocks closed and a i a Lii do1-1 n or of .-.h.ircs. I be weakest or mip a . Issues Takin Lossev up in Shawinigan Power Cor Al Montreal Hovver. A and con drop Ltd 2 Points. Volume lie oils particularly in Pete and North Star pre Rita of. The former closing nth latter dropping is cents to 1.7o. British american. Imperial and us Nerist Ordinary finisher t to clan group Mim d distillery shares presented mixco Selling was Active in Canadian cent. Pat. Industrial alcohol and the Price res drifted flown to 3ib but rallied in Cobalt co not 1 last hour to show a net drop of col Mario common was firm Pete higher through most of the Day but dropped tiie in the final trans icon Aga actions. Distillers Seagram weak icon barium _ Ernecl the brewing corporation firmed g to and the other dome .4400 Bre Vorvis us unchanged. East Crest Eldorado 112 12 12 h. Brodian Buff. Bag Mac b r. X. Barry h. Base m. Bear exp. Big miss Bralorne b. H sex. Brett to. Bro Vunier c co a Kir Churchill. Caribou. C. E. C. Cal. Oil can. Mai. Castle to. Cent. M s 71 100 140 3 30 reorganization plan makes no Progress despatch tit the free press Toronto. Ont., june Cress Runac p at the meeting of shareholders of Dairy corporation held Here on june 22 again to con Sider the same plan of reorganization which had been termed unfair and unreasonable by or Justice mid Linton a few weeks to. John Jan links kid that or. Justice Mcevoy Henci exec Clec his authority in Primi Ting another meeting of shareholders o he culled to con Sirmier the same plan of eorgani73 lion and that gods Lake cola Alc Goldfelt Goodsh Graham b Greene Steb glib dec Granada grand Oro Gunnar Homestead Hollinger 215 354 no 15 167 14 is1 102 10 123 23 1510 3. 56 n 190 "4 140 3 30 171 373 350 11 100 in 120 21 28 m90 3 5 4r 16 10in 121 3600 2500 200 700 100 3000 40 175000 1300 2300 200 300 1936 34000 11000 1750 90300 3100 4000 500 Loco r. Baldwin Loco. Bethlehem Byers. A m. J Case j. i cat. Tractor Colo. Fuel common. Bethlehem. Go a. M. Byers and american Kolling j Mersol Rand Mill finishing with u of a Point into. Hirv. Or so. Lud Linn steel the Rise look place on a Small j Fie Public "1 to l expansion in volume. The Day Asitim k. B. Turnover in the Stock of pc Siangc was i . P. A p. Fil6.090 shares Cornea red with in the preceding session. The Stan Dard statistics co. Average prior for to storks advanced 1.8 Points to 70.1. H joke sales against newly harvested wheat a Burden on the Grain Market. Wheat dipped to Lii cents n Bushel but Corn and Oats Verdi. Firm. Tape watchers a thrill just before the i lose of Trio Slock Market As shares of i Tomc stack mining Lead ing Domestic producer of got 400 on z spurt of 15 Points. It was the first time Ince the 1929 Rasli that a. Out Lele of the 24 18 a 18 j u. S. Sic i pad. Vanir Ziuni . Air a. 1 1 ii 4hva 111 70 100 u i to 30 210 350 1c7 .1760 Home Oil 115 Howey Gold. 131 . Mining.1375 Halcrow s. int. Nickel Jack. Man. Kirk. Like Kirit. Hunt Kirk. Tovin. Little Lake Shurr Marou 15 11. .2500 167 14 1785 115 132 1390 5 la i 257 in i 110 130 1375 11 2500 40 55 3 100 a i -4 26 8a 425a 14 205a 140 3 30 4450 a 214 350 160 15 40a is 16 167 14 1785 ill 130 1390 15 11 25nn 42 61 1 550 boo 4500 3000 11760 150 3 5 of 300 31030 i ipod too 100 385 4625 420 3400 5100 "30c 3100 s100 5100 1300 1100 910 3300 30 4800 Alanison balt. Ohio Brook. Man. Can. Pac. Ches. 5 a 51 6u i 13 8 13 a 4 2 21 2 3i 190 5 2 i 53 63 22 4750 27 190 5 157 32 22 31 1do 5 53 67 9b Nipissing nor. Nord. Orisko. Olga Oil Oil select. Pawnee k. Pete Cobalt 215 4260 4 2" 40 it up Che adjourned meeting. Fark Hiil Pend Oreille Payamp Tei 201 Premier 120 Pioneer .1310 who e p Asp. Air. Pore. Crown. 4v Pickle Crow. 150 Reno 8 i or. Caulder stated that the directors wicked to placate All interests but that an amendment to the plan objection from the Rubago 15 i 3215 4310 33 i 22" 120 1320 41. 157 81 1 215 28 215 4310 32 4200 3400 inc 5200 430 1300 50 10050 5000 5500 5400 2200 2700 1000 3000 pad Alro. A ind. Alco. B Bronze rom. 22a j Ciul. Cum est Roll 17vfib._ Chin convert hrs Par Ray. H1, i a. H i 4 i , plow Dom. Bridge 3tlvj 32 4 Dom. Step -p.4 to 4vt Dom textile in i. R5 re 3.5 3fi Dora textile Ltd. 130 130 130 Dryden 4u Eastern dairies 3 3 3 foundation co 16 be 16 Gen. Steel wares 4 i 414 Gurd c. Co. B b s a s 8 Gypsum in. A 6vsb 7a Hamilton Bridge. Into. Nickel _____2490 2550 2430 2550 utilities am. And f. F. Am. P. And 714 Llev Jam. T. And t. 114 t 113 Columbia Gas 34 13 comm. And i cons. Gas 33w, an _ i elec. P. And l. _ 61j int. T. And 1314 13 Nat. P. And l. _ to i 731 North am. Co. _ i Pacific Gap Lipi 21 pub. Serv of n j 2 i is. Cal. J Standard Gas 11to United corp. 51 Gas Imp. I Weduin Union i 111 i it _ 4 i 33% f 1sv, 4 1- Lake of Woods m. Harris com. 100 Montreal Power 185 Mccoll Frontenac. 5000 brew com 200 in. K Nat brew pad Socle car _ a com. 500 5500 .18 1300 150 80 1 40 70b t 22 120 1320 6 5 a i 4 4 1.5s 81 1 Ogilvie pad. i Power corp. 100 j Quebec Power 000 j Shawinigan not i so Irwin Williams Smith Howard steel of can. Com. Steel of can. Pad. St. Lawrence corp. 18500 700 500 St debenture holders who already 1 approved of plan or of Deal whereby new interests i pre j St ii Viou. . Antonio .14511 1gi 13 14b 200a 140 11 if a is 146 8b 34-Li 37 pvt 13 11 a 35 36a 140 11 17 20 16 id i 15v 145 us Mable Werro a d Silverwood s bring new n dairies. Mfg Iii Ltd. I such. The Toronto Stock Mclarty. Sellers a co. . In India serials 20 20 Mischel. Mines mining files Industrial sales 101.16. 124. 1b. 94.05, Down .16 up .166 Clown .23 907.000 16.123 Sciull Tib. 13 a Ltd. M 3 Reck h. Sb5 Tacud y. I Tui in 46 87 Waite a. 106 Wayside 121 i Wain. Oil 70 White e. 5 Wiit. C. id Wright h 925 Wood k. Ins 12 70 25 11 950 a 060 70 24 10 b25 Tola is1 13 13 3 670 43 45 85 106 12v 70 24 10 930 13 900 2000 1000 6400 k90c i 1534 la Iii Joo 2mo 3000 3000 3625 s. Ca Power com. S. Can. Power pad. Twin City. Vlad biscuit. Wpc. Elco. Com. Xcvi 20 la a 13 87 miscellaneous air reduction i Iraj ail Irrl chemical Allis Chalmers am. Bank note 211" am. Can am. Chicle 98 r i unlisted mines Jas. Richardson sons Toronto stocks Lii a Vint corp. Brew corp. Piti. Hurt p a. Can. Bud. Canada bread 768 can. Dredge 91001 can. Connors 3100 can. Vinegar 50001 Canadian Oil .1, Mckay Ltd. I 20. Open. High. Low. Close. 8 a b a 2ta 32 i Arno Arntfield la Astoria Rouyn Bailor Gold Bank held Beattie big Long Lac can. Pandora Casey Summit Centra Porcupine Clover Gold Clover Gold units col Mario old Crown Reserve Dorval Siscoe units Al forty four four nations i Gabrielle l Glenora get in Beur it v. Gold Eacle . Greenlaw golds Idu lard Rock in Druch units Horseshoe Island Luke Johnson Nippon june 26. Bid. Ask. 70 0 500 Soli 20 5 _____1500 _-----17 _____.1350 17 271., 32 a 9-, i i Kowkash Aiu 1000 cons. Cockshutt a Dove Dom store distil. Seagram _ Ford of can. 2g i 15 132 is a 201 2 15 182 24a s a Sib 2611 tire 117 151. .1 9m.123 stocks London Market Rich.-. Rd50n f. Car Don com to p can. Of n. S. Man Urpal. Open h 256 189 to by o can. 146 of Toronto _ 201b son.-. Lime t6. H Low close 1461 165 172 13va 256 isl is 146 203a associated pros Tomlon. June 26. Cotton closes higher associated Prejs despatch i futures air service resumed i to All key Points in the United states planes leave daily at 3.30 . Arrive Winnipeg 12 noon for further information apply Hanford air link 229 Portage ave 95 711. Failed on the Stock Exchange today Gilt edged securities Ware irm on expectations of favourable Revenue figures. German Bonds strengthened on prospects of an agreement coming out of the London conference. Kay firs and Oil shares were Dull but trans Atlantic issues weakened. The Market closed irregular. Canadian press Cable London june Amerl n stocks quoted in dollars at four dec. Shillings per brazilian trac Tion Canadian Pacific g Hydro electric International Nickel s25-4. U. S. Steel s38 a Anglo dutch 24s 3d, Anglo persian Brit. Am. Tobacco Brit. Celanese 12s3d. Bwana m Kubwa 4s. Carreras Ord. A court aulds 48s 6d, de Beers distillers 90s, Dunlop rubber 45s, electrical and m. Ind. Ord. 28s. V Ord Ltd. 32s, Hudson Bay 25s, Imperial chemical 35s 3d. Imperial tobacco 123s by. Mining Trust Ltd. 3s mines rhodesian Anglo am. 14s. Rho Ana corp. Crowns Springs East Geduld Rio Tintos Boyal dutch Selfridge St. S . Of. 25s 6d, Shell t. And t. Vickers 10s. Woolworth 100s 7v4d. Loan. 53-58, Bri Goodyear i Gyp Puni i Gen. Electric i Hiram Walker _. J int. Pete. Kelvin Tor i Loblaw a i Laura Accord 1351 36 .-3 4 a Maple led i Maple less pid. Moore corp. Ont. Equitable photo ens. Stand. Pav. Stand steel super test service stations _ Waterloo mfg. S a 2h 5 in 22 is 1 4 117 is As 4 r 57 50b 7b lob 2nil 6a 23 7 a by Montreal curb Abi Tibi com Osier Hammond Nanton. 1 june 26. Crane High Tow close 135 135 125 125 Assoc. Breweries _ 20 3v i brew and Dis. _ 125 _ brew. Corp. Com brew. Corp _ Assoc. Oil Gas Asbestos com Beauharnois 20 1 125 Brit. Amer. Bat burst can. Malting can wineries con. Pacer 32v 32 Ord engineering. Stores Hiram Walker com 36 37 Hiram Walker old 15- in Home Oil 108b 120a Imperial Oil 14vj in serial Tob. Int. Pet. 27 int. Utilities int. Utilities a Mitchell _. 14 u l Iii Tish . Consols. British Price Bros com 3 j pc. Loan. Brit. Funding Bros Nurt 6sb 5 3 32 31. Gold Contact Lagoon i Lamaque Lamaque Lac Manco Manitoba Matachewan can. Mecca Montgomery act. Mosher Murwood Mcleod tied Lake n. A m. E. Negrov nonmetals .____________ o Connei Pacific Ife East Queen Lebell red Lake Goldshore Rice Lake Roche Long Lac Rube Scotia Hotd smelters Gold Tib Blemont Island Toburn Vanson Manitoba Wallace Lake Wau Pitie units wendigo Wing dirt Wylie Dominion Young Davidson 2 22c 13 34 1 13 n 32 50 40 32 45 30 10 700 52 138 17 15 65 52 35 2800 24 6 2000 19 1400 is1. Lil 33 25 30 d 27 6guo 9. 9 18 4 230 18 37 12 16 is 26 34 43 1100 33 55 37 100 Winnipeg Stock Exchange quotations p furnished by Jackson Bros. co. Ltd. June 36. Par bid ask Beaver lumber pad. 63 Beaver lumber com. No Blue ribbon pfd______50 2s 31 Blue ribbon. Com. No 1 5 b. A. Oil no c. B. c p ry.______________25 City Dairy 7 . Pad. _ 100 _ Crescent Creamery 100 g. W. Saddlery pad. _ 100 w. Saddlery com. Imperial Oil int. Nickel North Star Oil pad. North Star Oil com. Peliss lers Pelissier Prairie cities Oil West. No no 2s 1 .78 1414 x8 x28 8 1 no 25.55 5 no ___100 no no breweries_______10 .90 Western grocers pad 100 Western grocers com no mpg. Elco. 100 insurance Trust and loan. Beaver fire ins. 100 can. Pire ins. 50 g. W. Life Massce. . 100 x320 Home inv. And s. Assn. 100 20 Mon. Life 10 . Paid 100nor. Mtge., part paid. Northern Trust 50 10 Royal Bank of can. 100 146 Sov. Life 25 . Paid___100 traders bldg. Assn.____100 Manitoba and norther Bobo Central Manitoba 50 2 Al 23 1.05 90 Lovi 17 65 n is .19 .08 Dom. Explorers no 2.15 Eldorado no 0.1 gods Lake no Gunnar Gold is 1.67 Hudson Bay no 13.75 Hudson Bay no 13.75 san Antonio is 4.9k Shirritt Gordon is .92 Adana 2.1 Bailor Gold s Clover forty four _ 13 Gabrielle 68 Island Lake Johnson Nipigon Long Lac Adair Long Lac Lagoon Mcleod Cockshutt _ Ore Grande smelter s Gold Toburn Wingold Young Davidson Grain Federal Grain pfd.____100 Ballance Grain 100 United Grain growers 25 investment can. Am Trust shares no can. Inv. F. fundamental series a n1j fundamental series a no grouped income shares no Bonds. Dom. Of a exr 5 . 1937 Victory ., 1934________ ., 1937________ refunding 5 . 1943 ., 1940_______ Ali ., 1944________ ., 1946________ . 1956conversion 4 a ., 1956________ 4 i ., 1957 12 36 35 50 27 137 35 v. 35 15 14 70 16 10 2814 141 33 37 17 50 associated press despatch new York june Cheerie tone for foreign ii frencies crept into local foreign exchanges 6-s the Canadian Dollar and Pound Ster Ling scored advances. The Dollar gained 1-16 cent close at s1.01 after earlier declines. The Pound also starting the Day easier boosted itself to close at its Peak for the cession of of. Cables. This was cent stronger than the previous close. The open of was the Low for the Day. French franc were Oovi higher at 6.60. Pound in Montreal Canadian press despatch Montreal june 27. The Pound advanced while the United states Dollar declined and the French franc remained unchanged on Montreal currency exchanges . Sterling gained 15-32 of a cent at 9-13. The French franc was unchanged at 6.53 cents and the United states Dollar declined 1-32 of one per cent at 1 1-32 per cent discount. Dollar in London associated press Cable London june 27. The United states Dollar opened and closed on at 5.03 to the Pound cent to the Pound better than Mon Day s closing quotation of the French franc gained slightly closing at 76.25 to the Pound com pared to monday s close of 76.21. The Price of bar Gold Rose Iva Pence to 138 shillings 2 a Fine ounce and an amount valued at was purchased. In Paris associated press Cable Paris june United slates Dollar opened and closed tuesda., unchanged from monday s close of 15.165 francs 6.594 cents to the 106.50 107 Vancouver stocks ., 1058______ . 1959 . Service 5 ., 1936______ 5 . 1841______ 3932 4 ., 1935 4 . 1952______ refund. 4 . 1939______ 4 . 1945____ 100.25 108.25 108.25 105.75 105.50 104.25 104.25 104.25 104.4u 104.61 Bricen lot. 100.7s 101.25 102.50 101.50 101.00 i 109.25 109.25 106.50 106.50 100.50 105.25 105.25 10.1.2 j 105.10 105.40 106.25 108.75 103.00 102.25 103.50 102.25 new York curb Ostir Hammond Alum. Co. Of am. Am. By named b _ am. Gas elec. Am. Super pow. _ can. Marconi cities service elec. Bond so. Nanton june 26. Open. High. Low. Close. 20vj Ford motors of c. 25 Ford of eng 35 Humble Oil 27 Imperial 4vi into. Pete. 35 Newmont 26 Niagara so Hud. Pc Road 142 St. Regis Paner _ _35 Stutz motors _ 14v. Swift _2300 2800 stand. Oil of ind. _ 68 72 stand. Oil of Ken. _ 36 33 United Light p. _ 40 Cord _ 35 Atlas 33 25 3" 32 25 105 138 g4b 26 2 i 2 in 15v, 20 7% 27 a 53 26% 2% 10% _ 10% in 271t4 2-y, 2 15 a 15% 20 4 21 7 a 8 42% _ 2714 _ 53 5 i 3 13 26v. 2714 _. 16 4 Wall Street hour by hour a. V. White co 4s, 1960-90, Isis or Gold Walker Villa brew. 315 2.1r 520 the following Price indexes supplied at intervals during a.11 sessions of the new York Stock Exchange by 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 Indus trials. 15.46 rails 17.8. And utilities 20. Price indexes for s session follow 30 industrials 20 railroads 20 utilities previous close. 95.79 43.65 23.61 11.00 a.m.-. 95.92 43.78 23.71 noon. S6.58 44.22 23.83 95.53 44.03 23.92. _ 2.00 pjn.-. 97.06 44.43 24.02 14 j close preliminary calculation. 97.33 44.57 24.10 s Range open High Low close 30 industrials 95.63 97.53 97.33 i 20 railroads 43.77 44.66 4.3.70 44.57 20 23.79 24.18 23.70 24.10 40 Bonds 94.65. Down .03. B. R. Big . Can. Coast carib on Gold-145-148. Georgia Grull International Coal Kootenay Kootenay Luck Mill Morton morning native Noble Nicola--56-57. Pend or paler Pioneer Porter Quatsino Reeve Reno Ruth Sally Stannard Taylor b. Taylor wind White -i-2. A. P. c. And e. Crow nest i b. East Highwood Home Lowery Nordon Chute re the lessees Are working the backs of old veins and later if conditions War rant they expect to explore under ground Workings. A Short distance away the Toster mine is yielding satisfactory returns to James Price sr., and his brother William. They Strucka vein Only 40 feet from the surface which was Over looked apparently by original owners and subsequent lessees alike. The Brothers have a Small Plant installed at the property which they have been operating under a lease from the company. The vein is said to run High in Silver values. Nipissing has resumed operations on a Small scale work concentrated on Cobalt veins at one of the shafts. A. P. Landry formerly mine Captain is in charge of the work which is being done by the company itself and which is Independent of that carried on at other parts of the mine by Albert Presse and w. E. Mccready under a lease. It is stated her3 Nipissing has a contract to Supply Cobalt under a special order. Employ ment will be available for about a dozen former employees. The Smith Cobalt interests have about completed preliminary work at the property near Cross Lake and expect to begin development operations Early next month. Equipment has been installed but a change in pumping methods has been found necessary to control the flow of water a Handicap when mining corporation had an option there some years ago. When a trial was made Over several Days it was found that pumps operated by air could not hold Down the water sufficiently d. J. Russell consulting Engineer said and electricity will be used instead. D. W. Mcleod. For Many years Cap Tain at the o Brien mine is in charge of the work at the Smith Cobalt which adjoins the Cross Lake Workings of o Brien. Shaft Down 210 feet. Shaft sinking on the Cedar Island i property of Kenora prospectors and miners at Shoal Lake has now reached a depth 210 feet official word states. It is hoped by the first week in july to begin work 011 a crosscut North at the 300-foot level. It is reported that the company s objective is to crosscut and Drift under the 150-foot level of the no. 1 vein which has been opened up showing a length of 190 feet across a four foot Width. Official word gives an average value of per ton present Day Gold. During Shaft sink ing a new vein was encountered which gave High values according to reports. Some time this fall the com Pany intends to erect a 30-ton Mill some parts of which Are already on the property. To Siart work. W. A. Lamport president of horse shoe mines. Limited announces that work will be commenced immediately on the property in Lake of the Woods District about 40 Miles 1 rom Kenora. Plant and machinery Are in shape so that they can be put into operation at a moment s notice. For Mer operators Sank a Shaft to 550 feet and opened up nine Levels. In 1933 Winze was put Down to 700 feet and lateral work was done on the 675-foot level. .1. M. Ships Toronto. First Gold ship nent from the . Consolidated at woman Lake. Patricia Dis Rich. Totalled 161.75 ounces with a Lue of it was announced. The Small Mill of 25-ton daily capacity is working on development Rock already on the surface dump. Direct ors Are meeting this week with the manager and in View of the increased Ore developments Steps May be taken to install a larger cyanide production unit. S for ships first Gold. Toronto ont. The St. An Thony Gold mines ran its first Gold Brick last week officials announce. The Brick was shipped to Ottawa. This is the first Bullion recovery since the Mill went into operation about a month ago. Since production started the Mill has been in process of tuning up and Heads Are said to have averaged Between and per on. The rate from now on will be gradually stepped up to full capacity of 125 tons per Day nud Heads in creased to around to 312 per ton. Mine development has been resumed with underground Workings pumped out to the 250-foot level. The main sheer zone on the property has a Width of approximately 60 feet while Riu Berous Quartz veins run Ning parallel Are in evidence Cross j ing the Gran Dolorite mass. In Addl-1 Tion to the general mine run Ore. It i is stated that there Are Good Quihui titles of visible Gold in evidence. J associated press Cable Paris june per rentes. 78 francs 40 centimes per cent rentes. Exchange on London 76.26. United states the Standard statistics average for 60 Domestic company corporate Bonds remained unchanged at 83.3, some Railroad issues and a handful of industrials however equalled or come within striking distance of the highs of the year including obligations of the Pennsylvania Bethlehem steel Chesapeake corp., c. And o. Railroad Cleveland Union terminal Goodyear tire and rubber and Brooklyn Manhattan transit. The government list including Home owners Loans advanced about of a Point with the exception of the 4th Liberty which Slid Back is. Federal farm mortgage gained italian government 7s were among the stronger foreign issues. German 7s and were less Active and Little changed in Price while Prague dropped More than 2 Points. Argen tines lost nearly a Point. Dairy merger said to be under consideration Rumore Are Rife that Standard dairies limited 696 Mcgee Street Winnipeg is to be shortly taken Over by one of the larger Dairy interests of Winnipeg. It is understood that while no Deal has yet been completed negotiations Are underway that will Lead to the absorption of the Stan Dard into one of the other existing companies. Reduction of overhead costs and improvement in. Sei vice Are two of the main reasons cited for the absorption Standard Dairy officials Are reticent but do not deny there Are negotiations in the offing. Foreign Exchange Canadian press despatch Montreal june 27. British and foreign Exchange in relation to the Canadian Dollar As compiled by the Boyal Bant of Canada closed As Fol lows on net changes from monday being shown in brackets Argentina peso .2391 too by Australia Pound .3.9654 Torso Austria Schilling .1876 Belgium Belga .2317 Brazil Milreis .0634 China Hong Kong dollars .3693 Czechoslovakia Crown .0412 Germany reichsmark. .3861 it. Britain Pound .4.9855 Holland Florin .6722 India Rupee .3762 new zealand Pound.3.9813 Norway Krone .2505 Poland zloty .1876 s. Africa Pound .4.0749 Sweden Krone .2572 Coosa .0007a of old Ooola Switzerland franc .3223 .0046a Pooloa .0003d 1 .0030a i Orold .oo37a .00023. Coosa United states Dollar 1-32 per cent discount 1-32 per . Commodity Index new York Luno nun and Dally weighted Price Index of 30 Basic commodities compiled for the United i Ress average 100. Tuesday 112.61. Monday 132.70. Week ago 113.b8. Month ago 109.70. Year ago june 27, 99.42. 1934 High june 19, 113.68. 1934 Low Jan. 3, 101.05. Copyright 1934, by Dun and Brad Street inc Moody s Index new York june of 15 Staple commodity prices. Dec. 31. 1931, equals 100 1926 average equals 140.9 previous Day ij0.9. Week ago 142.3 year ago 127.4. 1934 High 142.3 1934 Low 136.9. 1933 High 148.9 1933 Low 7s.7. 1332 High 103.9 1932 Low 79.3. Copyright. 1934, by Moody s t l cent the Dollar was quoted at closing Exchange rates by the Canadian press closing Exchange rates on tues Day at Montreal 1 found 4.98-Li i. S. Dollar. .99 franc. 6.53. At new York Pound Canadian Dollar. 1 .01 1-1s franc 6.60. At i Aris Pound 72.2b francs Canadian Dollar j5.31 francs u. S. Dollar francs. In Pound Cana Dian Dollar. cents i. S. Dollar 59.48 cents. Rubber Market advances associated press despatch new York june rubber futures closed steady on 20 to 25 higher. July 13.78 sept. 14.04 oct. 14.16 dec. 14.40-44. Smoked ribbed spot closed 13.75. Silver advances new York june futures closed steady on 10 higher to 12 lower sales ounces. July 45.45 sept. 46.00 oct. 46.23n dec. 46.70b 47.50b. . 46.97n March safety for valuables a safety Deposit Box May be retained in the Dominion Bank at a Small rental for your valuable papers Stock certificates Bonds Mort gages deeds insurance policies your will. Jewel Lery Etc Etera. The Dominion Bank established 1871 six branches in winnipeg1. Maia Branch. Main Street and Mcdermot ave. Branches throughout Canada and offices in new Vork and ;