Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 21, 1938, Winnipeg, Manitoba Page twelve. Winnipeg free press thursday july 21, 1938 Canada s Domestic exports in june drop More than from wednesday s Canadian u. S. Stocks Bonds Winnipeg stocks slipped Down fractions As much As s2 in moderate Selling wednesday morning with Market interest centred on the curb issues. Gurney Gold opened without any change of sentiment but failed to maintain its solid position with further trading. Subsequent trading swept the Price lower through 13vi and 13 where it stood when the noon bulletin was released. Sachiyo River lost position at and great Falls weakened at 9. Fifty shares of Western grocers com Mon receded s2 a share to sell at s58. Sherritt Gordon came out in two 100 share lots unchanged tuesday at i.t2. Other sales were Western steel at Sll knee Lake at i i. Mosher Long Lac at 20. Oil Encl at 24, and pack sack at 3. Stock traded Par value. Bid. Asked Alta. Pac. Grain pad 100 26.00 Alia. Pc. Grain com Ftp Beaver lumber pad. 100 Beaver lumber com. No 4.85 4.50 29.00 3.50 21.60 2.35 96.00 5.75 32.00 4.00 Blue ribbon pad. 50 Blue ribbon com. No Amer. Oil. No c. E. airways. No 3.50 can. . Ray 25 7.40 con. Papel Box pad 1uo 70.00 1 Corr. Box com. No 2.50 arcs. Cream pad. 100 bom. End. Car pad. 100 92.00 85.00 Dornen. Car com. No 2.50 3v e Frd. Grain pad 100 36.00 fed. Grain com. No 2.oo .. Stidd y pad. 50 25.0ft. Snadd y no 2.00 Imp. Oil no 17.25 int. Nickel no North Star Oil pad. 5 3.40 3.50 North Star Oil com no i.10 2.00 Reliance Grain pad. 100 58.50 Reliance Grain com. No 5.25 7.50 United Grain or was. 25 7.25 8.00 Western breweries no 1.80 2.50 w. Can flour pad. 100 33.10 34.40 w. Can. Flour com. Up 3.75 West. Grain pfd.100 12.00 wast. Grocers pfd.106.25 West. Groc. Com. No 58.00 60.00 West steel pro. No 11.00 11.75 wings Ltd. 31 Fyk Wintre v. To. Is .50 mpg. Elec. Pfd.100 12.00 13.00 mpg. Elec. A no 2.50 2.85 mpg. Elec. B no 2.50 3.00 ins. Trust loan. Etc Beaver fire ins 100 100.00 can. Fire ins. 50 80.00 can. Indemnity 100 125.00. Life Assance 100 300.00 he. Inv. Avg. An. 100 20.00 Mon. Life 10-t. Paid. 100 24.00 25.00 nor. Can. Mtg. Pad. 25 3.00 nor. Mtg. Part paid. 2.00 Northern Trust 20 6.00 Royal Bank of can. 100 1b5.00 life paid. 100 13.00 traders 31dk. Assn. 100 81.00 investment trusts can. Amer. Test. No 3.55 can. Inv. Fund cd no fund. Series a no 4.93 fund. Series a of 4.46 grouped income no sales transactions wednesday morning. July 20, 1033. From s to 11.30 at 1.42. 100 at 1.42. Western grocers at 58.00. Western at 11.00, 25 at 11.00. Curb great at .09. 700 at .09. 500 at .03. Gurney at .14, 300 at .14. 500 at 500 at .1354, 500 at .13. Knee at met. Mosher Long at .20. At .24. At .03. At .03, at .03. Sachiyo at wednesday afternoon sales flin flon. 500 at .0414. Curb and unlisted Montreal heavy buying of papers on the Stock Exchange shot the majority of these issues to new highs late wednesday. St. Lawrence paper preferred led the Rise to new Levels soaring five Points to 56, later easing to 55. Price preferred gained 2% Points to 53% and St. Lawrence corporation preferred was up nearly a Point to Price common firmed aviators improved fractionally. The bal Ance of the list drifted lower. Noranda after a half Point Rise at the opening to a new Peak of 71. Dropped off later to record a net loss of Points. Nickel slipped i and smelters in constructions losses of Points were chalked up for Hamilton Bridge and Dominion Bridge. Utilities held steady. Osier. Hammond Nanton open High Low close Osier Hammond Nanton july 20. Open High Low close Alta. P. Gain 4lib. Alta. P. Grain of. 28a Assoc. Brew. 15vi 16 loft 16 Bathurst a 10 10% 10 10% 162% 162 162 13vi 13% 13 13 a 3114. 4% a 4% 54b 56a 16vi 16 16 a 2b54 29 4 29 a 29% la a 11 11 95 18 107 i 4 4 a 4 157-Ti 3 3 a 3 Bell Telephone brazilian . Power Bruck silk building prod. Can. C. And f. Can. C. F. Pad. Can. Cement pm. Can. Cement of. Can. Nor. P. Can. Can. Nor. P. Pad. Can. Steam com. Can. Steam pad. Can. Ind. Al. A can. Ind. Al. A can. Bronze com. Can. Celan. Com. Can. Celan. Pad. Can. Converters c. P. R con. M. If smelt. Cockshutt plow. Dom. Bridge Dob. Glass com. Dominion steel Dom. Textile com. Dom. Textile pro. 145a Dryden electro Lux found. Co. Of can. Gatineau per com. Gatineau per. Pad g. Steel w. Com. G. Steel w. Pad. Curd Chas. Co. Gypsum. L. A a. Hamilton Imp. Tobacco int. Nickel int. Pow. Com int. Power pad. Lake of the Woods Massey Harris com Massey Harris pad Montreal Power Mccoll Frontenac. Nat. Brew. Com. Nat. Brew pad Nat. Steel car 40 90b 9b 13 37 a 100 16 65 4v. 15% 3 3 new York the Broad upward sweep of the Stock Market gave Way wednesday to shifting buying and Selling tides highlighted by a Sharp decline. A movie shares immediately following court action by the Federal government to divorce theatre ownership from film production. From industrials leadership on the upside was switched to rails and utilities while scattered individual issues in other groups were brought up from the rear to enjoy Brief moments of popularity. The re sult was much surface confusion and a highly scrambled list of losses and gains. Declines at the extreme ran to two or three Points offset by advances of As much in the Carrier and Power groups and among the rugged performers which continued to move ahead. 5% 20 47% 24% 15% 24% 13vi 83 a 53% 12% 7% 3% is 2054 21% 73 19 27% 8% 84% 24% 24% 25 44 a 10% 93 v4 19y 36% 20 52 29% 23% 24 a 15% 23% 70 11 it 83 12v, 7 a 43 20% 20 72 a 18% 26 8% 83 a 2 a 43 it in. 11% in. It 16 in. 1% 20% in. 3% 20 a it 15% 1v4 a 1% 43v4 20% 21v. 1 a 85% 05 1 245 4 23% 8 set 1% 22% 21% elec. 105% 2 47% 4754 Vuk Worthington a. 2154 2114 ., noon. 000 1 p.tn., 2 ., total Normetal o Brien Oil Selec. Kalta Olga Oil Omega Oro Plata Paralta amour Pandora Paul Ore Pawnee Kkt. Paymaster pay Ore 12 a 12 is 4 74 6% i70b 71 14 85 84 400 153 69 6 69 la a 175 1 to 127 7 18a it co 1 a 81 34u 5 475 360 1 a in. 20a a in. 44 115 3 Isa 12a 7a 205 in. 188 2 2 a 13 Sun. 175a 1% 1000 1650 Suu Sou 90u 21uu Usu 8033 5uo 5you 1400 8685 Oulu Leo loud 151hj 65u 263u 1000 700 760u 210u 100 Soo 1640 2500 2100 500 56.loo 140u 3475 6100 1300 1000 366 1000 315 3650 82ck 400 1550 1500 066 37740 4600 1660 500 1700 1365 52% 76 9% pc. 415 3 7 a 500 2500 i860 2650 51 a it Pond Ore. 235 perron.153 Pickle Crow 460 Pion. Gold. 295 Powell Rou. 232 Premier 229 pres. E. Do. 94 read Authier 265 red Crest red Lake g Reno Ritchie Robb. Mont. Roche . Royality lob 9% 46 2% 1% 13 47 49 1254 232 145 455 228 225 90 260 385 5 3v4a 153 3 52 i 1000 410 34887 23a 8a 100c 49 2 9900 54 232 152 460 295 228 225 260 a 46 2% 2 5 5 1 1154 46% 12 it St. Anthony 14 san Antonio 130 Shawkey 11 Canada now shipping Gold Coin abroad Ottawa july 20. Of Gold exports other than monetary in recent months is understood to be the result at a new policy of exchanging refined Gold shipped to the mint for monetary Gold Coin held by the Bank of Canada. This monetary Gold Coin is then shipped where european hoarders Are prepared to pay a Premium for it figures for monetary Gold ship ments Are not published and finance department officials do not give de tails of these operations. It is understood this new form of Gold Export has become profitable be cause of Market conditions abroad. No Gold Bullion was exported in june 1938, As compared with exports to United states of in june 1937. Nor were there any Bullion exports in May although some Worth went to United states in May 1937. For some years the Federal government has exercised control Over All Gold exports. Canadian mines ship to the mint Here and Are paid on the basis of the Exchange rates on new York. The Gold until recently was exported either to new York or Lon mostly to the former Market. The Bank of Canada credited with the proceeds. Lately the practice has been to Exchange the Gold Bullion for Gold Coin held in Bank of Canada re serves on the basis of its weight in Fine ounces and the Coin then ship Ped to London or Paris and paid Lor there in United states Exchange. How much Gold Coin has been used for this purpose has not been divulged but it is understood the Bank of Canada when first launched in March 1935 had yearly in Coin in the reserves taken Over from the Dominion Treasury. Since the change from Bullion to Coin made no change in the value of the Bank s holdings the Reserve level shown in the Bank statements remains unaltered. Value of Dominion s Shi to United states snows of Over for Gold and Silver Montreal july 20. Gold in London off five cents to in Canadian funds 141s 6d in Brit ish. The fixed Washington Price amounted to in Cana Dian. London july 20. Gold 141s 6d, up it Pence. Equivalent bar Silver 19 9-16d, up 1-16. Montreal july 20. Futures closed steady today unchanged to seven Points off. No sales. Bids july 42.58, september 41.20, december. 41.20. New York Silver Newyork july 20 a bar Silver unchanged. And the government account with july 30. Dominion Bridge company limited quarterly 30 cents payable aug. 15, to shareholders of record Wall Street hour by hour a. P. White co the following Price indexes supplied at intervals during All 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 industrials 15.46 rails 17.8, and utilities 20. Price indexes for wednesday s session follow 30 industrials 20 railroads 20 utilities previous close 143.67 29.13 22.06 11.00 _ 143.12 29.56 21.90 noon 142.97 30.20 22.10 1.00 142.36 29.95 22.25 2.00 142.06 .29.72 22.46 close preliminary calculation 141.81 29.60 22.55 wednesday s Range open High Low close 30 industrials 147.44 143.97 141.09 141.84 20 railroads 29.56 30.38 29.60 15 utilities 21.96 22.73 21.70 22.55 40 Bonds 89.81 up .20. 800 600 400 new corporate financing bends notes Only million dollars total refinancing new Money Hup Ichart by sum Tod us Tiftic. Co. Inc new Bond financing in the . Has been picking up substantially of late with such offerings As ;