Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 06, 1938, Winnipeg, Manitoba Page twelve Winnipeg free press wednesday july 6, 1938. Newfoundland reduces estimated deficit for year by improved position accounted for entirely by increases in Revenue expenditures Only Over budget St. John s nfld., july 5. Cup Cable of for the fiscal year ended june 30, 1938, was announced in a financial summary by the Colony s commissioner of finance. J. H. Penson. Revenue amounted to and expenditures totalled increase in actual Revenue of More than Over the estimated amount resulted in a deficit of More than below the estimated figure of expenditures were figured Down almost exactly the estimate being Only higher than the actual amount. The deficits of the country being governed by the Newfoundland commission of government Are paid by Grants in Aid from the British the latter was saved More than during the fiscal year by the increase in Revenue. Customs Revenue exceeded the estimate made by nearly despite duty reductions on Fisher men s gasoline and fuel Oil com missioner Penson declared. Postal telegraphs exceeded its estimated Revenue by liquor controllers sales by and income and death duties by North German Lloyd not paying dividend Berlin july 5. North German Lloyd will pay no dividend to its shareholders this year president Karl k. Lindemann chairman of the shipping company s Board of directors announced to general meeting tuesday. Lindemann reported the firm s position Bas grown considerably worse during 1938, As compared with the same period in 1937. Political especially in Spain and China has serious repercussions on freight he pointed out. Kalta deepest Well in British Empire Calgary july 5. At a depth of feet Kalta no. 6 in the Western flank of Turner Valley 5s now the deepest Well Ever to be drilled in the British Empire in search of Oil it is disclosed by w. S. Herron president of Kalta oils limited. Bond quotations tuesday s Canadian and . Stocks and Bonds Toronto after absorbing a considerable run of profit taking on the recent Rise the Toronto Market turned firm late in the afternoon tuesday and closed on the upward incline. The mines and industrials were Down a Little at noon and All the loss had not been erased by closing time. Int enlisted Industrial Lead ers including brazilian Ford a walkers common distillers sea Grams and most of the big oils showed net fractional losses. Vol ume crowded the Mark. Base Metal shares devel oped a heavy tone on realizing and at the close losses of about a Point were showing for inter National Nickel smelters and Noranda. Bin gain. Mckay. Ltd 2b 20b Acme of ton Alia. c. Alderman 63 an 28 Anglo Hur 313 4 net High. Low. Close. Chg. Sales t 0 n 25a 20a 58 60 2414 26 315 3 of t 3 boo 78100 24 w. Mcchesney Martin jr., Matfield Ashley Astoria r. Aztec St. Louis broker who at the age of 31 was recently named chairman of the Board of governors of the new York Stock Exchange adds another chapter in his Rise to Power by be coming the first paid president of the Exchange with a year. A salary of bag Mac Backfield base metals. Beattie Bidgood a. Big to. Bobo Bralorne Brett Treth. Buff Ank Bunker Hiu Brown Oil. C. E. Corp Cal. Oil can. Mai. Caribou g. Castle to Cen. Pat. Cen. Pore. Chero. R Chrom. M. S coast c. Con Aurum com. P. Cons. Cd. Comm Oil. Directors of Frontier red Lake dal of dark water Gold mines Are hopeful that opera Davies p. Tons May be resumed at an Early ome 17b 6 3 lob 30% 15b 70 45 115 23 2% 28 68 40 113 25% 21700 6 3 12a 28 20a 70 40 115 3% 200 4500 a 2 mines 9 975 2% 15% 16 41 250 35 93 250 85 255 12 50 b 60 325 127 2% 15% 14 40 240 84 246 58 4 125 075 1 j 5 i 5 a 13% 14 40 240 22 fl7b lob 35 Dor Sis Date As efforts Are being made to Denison i the necessary funds according advices received by Jackson Eldorado Falconbridge 625 fed. Kirk. Found. Pete Francoeur Fern land Dominion at Canada 4fe . Sept. 1, 1940 c 5 . Nov. 15. 1941 c 5 . Oct. 15. 1943 c 4 . Oct. 15, 1945-43 4v4 . Feb. 1, 1946 pc 3mi . Oct. 15. 1943-44 c 3vi . Nov. 15, 1951-48 c f oct. 1952-47 3 . June 1, 1955-50 c 4va 107 i 1u 108% 112% 103 102 a 99 112% 113 100% . Nov. 1. 1958-48 c . Nov. 1, 3959-49 1c 3vi . June 1, 1960-56 3 . Perpetual a c Dominion of Canada 3 1, 1044 3 . Dec. 15, 1950-45 c 99 414 . Sept. 1, 1951 . 11e1a 5 . Feb. 1, 1954 c 119tt 4% . June 15. 1955 Cal 118% 4% . Feb. 3, 1956 Cal he 1957 in 1969-44, Call 117% 1969-49, Call 120% provincials prov. Of Manitoba 4 . Jan. 2. 19oc c 83vi 4% . 13. 1956 87 5 . June 15, 1954 in 91 5% , oct. 1. 1955 94% 6 . Apr. I. 1947 c 98% province of . 4 . Dec. 1, 1857 88 4% oct. 1. 1953 95 5 . Apr. 25. 1954 99 prov. Of sask. 4 . Aur. 15. 1953-49 pc 74 4% . Mar. 15. 1060 75% 5 . Ujj. 1. 1658 pc 82 108 112 115 109% 113% 104 103% 109 i 100 113% 114 101% 105% 100 116% 120% 119% 117 5 5 pc. Juy . July 1 Able 105 . Oct. 1 Able 105 118% 85% 90% . Oct. 1. 1952 83 6 . Mar. 15. 1952 cd. 86 province of 4% . Oct. 1. 1956 51% 5 . Sept. 1. 1055 52% 5% . 53% 6 . Mar. 1. 1s47 35 province of 3 . Dec. 1, 1951 98% 4% . June 1. 1950 113 . Teb. 1947 116% prov. Of n.3 . And. 15. 1961 province of Nova Scotia . Sept. 15, 1952-47 3 . March 1, i960 103 Viz 108 v2 115 96 101 92 93 102 77 73% 85 86 90 53% 55 56 58 100 a 114% 118% 106 111 118 to Bros. Grain company. Officials be Lieve that six months underground work would determine the possibilities of the property. Balance Sheet of the company As at May 31 current assets of against liabilities of with shares outstanding of the authorized. Total expenditures to Date on the property have amount-1 or. Ito Uyn n crr19t Grandora to hard Rock it Barker the Shaft at the Leitch Gold High. Narcee mines Beardmore area is close to its objective of feet having Homestead Gold s. Oil if j r 33 22 8 173 219 172 212 620 gods Lake go Dale Gold Eagle 5 55 18 35 22 18 3 49 33 20 4 5 75 269 11 11 34 20 Vii 17 47 a 31 93 250 b4 250 12 708 5s 325 126 22 71a 12a 35 28 13 22 173 214 620 5 59 18 35 22 17 3 49 2 6100 12750 1200 3boo 500 1700 200 loot 300 6000 4100 1050 600 1700 400 7000 1500 500 Iago 700 2000 1666 Winnipeg Gurney Gold changed hands in the Best volume tuesday morn ing at Winnipeg. Opening unchanged at 12, it sold several times at that level and then slipped into a decline of a cent. When the noon bulletin was re leased bidding stood at 12 and offers were a cent higher at 13. Winnipeg River tin sold in share lots at 1, As did Star. Lake to Complete the curb transactions for the morning. On the right hand Side of the Sheet Sherritt Gordon sold moderately stronger at 1.45. Late trading monday brought out Sunbeam Kirkland at 32, Wingold at 4, and great Falls at 12. Montreal prices dipped quietly in late trading on the Stock Exchange tuesday but changes generally were narrow. Metals gave up losses of More than a Point nor Anda slipped Nickel a Little More than a Point and smelters almost a Point. Utilities mostly easier. Brazi Lian and Montreal Power each gave up Small fractions but Gali Neau Power gained rails were quiet and off slightly. Cana Dian car and foundry eased about and National steel car and Canadian Pacific each Iii most construction issues were Down fractionally but steel of Canada went against the. Trend and picked up Stock traded Par value. Bid. Asked Alta . A. 100 22.50 been deepened from the 525 Mark. Four new Levels Are to be broken out at intervals of 125 feet. Cross cutting of approximately 100 feet will be necessary to reach the vein on the new Levels. Mill is at pres ent handling 80 tons daily and will be enlarged if conditions on the new Levels warrant. Int. Nickel. 335 20 2sw 30 110 is 260 14 327 19 29vb 100 4 5 75 203 11 11 20 1 1 i 5 5 1 1 1 1 3 r 130 20 of 1 v4 100 1 j. M. Cons. Jacola Jericoe Kerr add. Kirk. H. A. Kirk. Lake Kirk. To. Laguna Lake Shore. Lama que c. La a cad. Lebel Oro Leith g. Bullion production at Siscoe Gold mines limited in Mayr to talled from Leuco tons of Ore for an average recon macassar Ery of in the previous Maci c month was recovered from tons averaging out Mandy put for the first six of Man the year was against mint. Pore. In the corresponding Mck . I i Nurr i period of 1937. Mcwatters u Mercury paymaster consolidated mines june production is estimated at compared with in May. For the first six months of 1938 output totalled Sci spared with in the 1937 period. 11 19 37 375 80 113 13b 30 so w 3b .57 8 70 3bo 475 320 39 10 170 1q0 4 50 19 37 172 80 113 1 t 4 30 500 10ql 4100 500 1000 6175 2400 585 1000 700 200 2100 4000 7425 7, 18 4600 1450 300 166 2roo 6185 500 500 125 2150 300 300 860 800 4342 1500 600 900 2627 100 6150 "700 Alta. . G. Com. No 4.6q Leuver. Lbs. Pad 1uu Beaver lbs. Corn no 3.00 Blue ribbon pad 50 30.00 Blue ribbon com no b. A. Oil no 22.00 c. C. Corp. No 2.43 can. Airways no c. P. Ray. 25 7.40 Corr. Paper Box pad. 100 Corr. Paper Box com no 2.30 Crescent Cream pad 100 11.00 Dom. In. Car pad 100 91.00 Dom. In. Car com no 2.50 fed. Grain pad 100 36.00 fed. Grain com no 2.20 g. W. Saddle y 6% pad 50 g. W. Saddle y com no 2.00 Imperial Oil no 17.50 int. Nickel no 50.00 North Star Oil pad 5 3.25 North Star o. Com. No 1.30 Reliance g. Pad. 100 58.50 Reliance Grain com no 5.25 United Grain grow. 25 7.25 West. Brew. No 1.80 w. Can. Flour pad. 100 29.00 w. Can. Flour com no 2.50 West. Groc. Pad cd 100 106.25 West. Groc. Com cd new steel 8.50 wings limited is wings Wipff. Elec. Pad. 100 12.50 mpg. Elec. A no 2.00 mpg. Elec. B no 2.10 insurance Trust loan. Beaver fire ins. 100 can. Fire ins. 50 80.00 can. Indemnity ___100 125.00 it. W. Life .100298.00 Home inv. Sav. 100 15.00 Mon. Life 10% paid 100 23.30 nor. Can. Mtg. Pro 25 3.00 North mtge., part pm 2.00 Northern Trust 20 6.00 Royal Bank. 100 185.00 Sov. Life 257e paid 100 12.00 traders bldg. Assn. 100 investment can. Amer. Trust no can. Inv. Fund no fund. Series a pc no fund. Series exc no grouped income no sales. Transactions tuesday morning from 8 to 11.30 28.00 t 32.00 4.00 3.50 7s .66 94166 2.60 25.00 2.50 Osier Hammond Nanton july 5. Open High Low close Alta. P. Grain 4 a. Alta. P. Grain of. 25. 14 a new York profit Sellers had their innings with the Stock Market tuesday and at the worst leading issues were knocked Down one to More than three Points. Activity was greatest just after the opening when the list churned rapidly and for a Brief period the ticker tape fell behind. From the first hour on volume dwindled appreciably and at the close quotations were above Low Marks in Many cases. Transfers were around shares. Steels motors and specialities Star per formers of one of the quickest recoveries in Market history were among the first to Retreat. Rails and utilities gave a fairly Good account of themselves. Games Richardson metals net Assoc brew. Bathurst a Bell Telephone brazilian . Power . Power Bruck silk building prod. Can. C. And f. C. And f. Of Cement pm. Cement pad. Nor. P. Com. Xvi 14 a can. Can. Can. Can. Can. Can. La a la a 162% 163 13% 31 31 4vab 4 52b is 13 27v2 2714 12 12y4 96 98 20a 10% 13 30% 3% 27 11% 96 7.50 2.50 35.00 60.00 9.50 .50 2.85 3.00 100.00 nor. P. Pad. Steam com. 3% steam pad. Can. Ind. Alco. 3 a can. Alco. 3 can. Bronze com. 37 can. Cel. Com. 13 can. Cel. Pad. 97a can converters 9b can. . Ray. 7% con. In. Pc Salt. 61 c Shutt plow 11% Dom. Bridge 32% Dom. Glass com. Look Dom. Steel 16ja Dom. Textile com. 69a Dom. Textile pad. 145a Dryden 8% Eastern dairies 90b found. Co. Of can. In. St. Was. Pm. 0 in. St. Was. Pad. 70 Gurd Chas. Co. 8a Gyp. Lime Ala. Hamilton Bridge. 8 7% 61 11% 32% 7 59v4 11 Lloa 150 it to 3214 15% 8 8 8 8% 7% 7% Imp. Tobacco 20.00 25.00x int. Nickel sva 81.00 3.40 4.16 4.29 33.00 3.80 4.20 5.3714 5.2s 3 80 36 0% 51 500 at .11, 500 at 11.50, 500 at .11, 500 .01 t .01 .02 .03 ,03 350 460 a is 36 57 7% 70 355 475 320 39 1 5 5 1 12 42% 112 18 51 a 10 43 109 20a 2a 10 110 municipals City of Winnipeg 6 . March 1. 1942 c 4 a . Oct. 1, i960 in greater Wpm. Water dust 6 . April 1, 1940 cd 5 . Feb. 1, 1843 o s . May 1, 1952 in industrials abit Ibl Power 5 . June 1, 1953 Beauharnais Power 9 . April 1, 1973 c Brown sva . April 1, 1946 Calgary Power co., 5 . April 1. I960 Cal Canada Cement . Nov. 1. 1051 c Canada 5 . Jan 2, 1957 can. . Ray. .3 . Oct. 1. 1945 . Feb 15, 1951 cons. Paper co. Bra . July 2. 1981 Federal Grain co. -6 . Auk 1, 1949 a cell. Gatineau Power . June 1. 1956 . June 15. 1941 Gypsum. L. A., . Mar. 1. 1943 c Massy Harris co. Ltd. 5 . Oct. 15. 1947 Minnesota ont. Paper . Maclaren Quebec Power. 4 . Feb. 1. 1961 Cal Shawinigan water per. . Get 1. 1961 a Cal Ltd. Grain growers Ltd., 5 -. Jan. 2. 1948 elec. Ray 4. 5 . Jan. 2. 1965 99 88 97 97 6s 56 98 103 33 Vuk Wei 89vfe 51% 92 i 104 101v4 98 41 102 91 55 so 92% 68 a 84. 80 53 105 102 a 101 a 100 i 42. 96% 67 foreign Exchange Bullion production at Central Patricia Gold mines for the three months ended june 30 is reported at from treatment of 552 tons of Ore. Output in the pre ceding Quarter was itt Gross production of Sigma mines limited in june is re ported at from tons milled. Production was in May and in june 1937. F j Exchange rates at 9-32 . Dollar 1.00 25-32 franc 13-32. At new Canadian Dollar franc 2.7bvs. At 177.87 fr., . Dollar fr., Canadian Dollar 35.63 for. In . Dollar 59.26 cents Canadian Dollar. 53.85 cents. At Dollar 4.58% to the Pound French franc 177.87 to the Pound. Min. Corp. Minto Moneta m. Kkt. New Murphy Mon. Roy. New acc Nipissing Noranda Nord. Corp. 215 2b 190 200 185 31 13 7a 200 2 a t 2 i o Brien. Oil select Kalta Olga Oil Omega Oil Oro Plata. Paralta amour p. 12b 3 183 6s 19 86 410 175 68 33 370 187 Iba Iba 3 60 3 3 410 155 2% 31 8qb 7b 345 Pawnee a. 1 paymaster 49 pay Ore 13 Pend of Rellic 225 Perron 136 Pickle Crow 470 Pioneer a. 300 Powell r. 215 Premier 335 Preston . Prairie a. 33 read a zeo bed c. 12 red in. G. 14 repo 4ft 151 48 340 to 46 151 of 2% 51 of 345 1000 6000 1600 1005 540 263 1100 500 450 210 6900 500 1100 1doo 3315 Isoo Ioco 2qoo 316 937 7800 4020 t 1300 8600 in. 1700 236qo 1 in. 2 210 133 450 210 220 90 275 10 13 or 47 1 40 211 m 4fio 300 214 225 90 33 275 12 in. 2 7 4 5 in. 1 1q 1 pm. 1000 3bqo 4100 8900 1100 2265 500 1700 2500 8200 1000 1000 2000 400 6600 stocks Jackson Bros. Grgin co., Ltd b. C. Nickel big Missouri Bralorne b. R. Consolidated b. H. Extension b. H. Mountain Caribou coast brews Bentonia. Dunwell. Federal George Cooper a5k 10 4 Montreal july 6. British and foreign Exchange closed easier tuesday. Nominal rates for Large amounts Argentina peso 2635 .ooc6d Australia Pound 3.9b02 .0138d Belgium Belga 1707 .0004d China Hong Kong dollars 3120 .0002dj czechoslovak Crown .0350 Orold Denmark Krone .2226 Finland Finmark 0221 cd old France franc 028042 .000033d Germany Sci chem k .4058 c.0009d great Britain Pound 4.9830 Holland Florin .5565 c.0016d Hungary Peng 2000 .q003d India Rupee 3730 c.0013a Italy lire 0530 Japan yen Woood new zealand Pound 4.0123 .0139d Norway Krone 2506 Poland zloty 1905 South Africa Pound 4.9603 c.0l74d Sweden Krone 2571 .0003d Switzerland franc 2308 of old us. Dollar 25-32 . Prep. 7-16d compiled by the Royal Bank of Canada Gold Bojt Gold Mountain Grille a. Home Gold int. Coal Coke t su5 2% 250 t 3 1 25 5 41 6 j3 9sq 4 123 5 4 4 4 r 35 s 44 Island Mountain. 80 Kootenay Belle 124 3 1 3 a 2% six i 294 Lucky Jim Maksi Cap Minto Nicola Noble five Pend Orvllle Pilot Gold Pioneer Gold Premier Gold 220 ques Fiel Quartz Relief Arlington 14 Reward 3v4 Sally mines 4 Taylor Bridge 2% Vidette 7 Waverley White water 7 1 125 4 3% 235 n 16 oils Anglo Canadian Banner a Camou Davies Firestone Globe Rinylo 140 "5 a 36 14 1 12 to Mercery Merland 4 a to of 14 ;