Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 10, 1940, Winnipeg, Manitoba Page ten Winnipeg free press wednesday january 10, 1940 Grain livestock produce1 stocks Bonds bushels sold Ort Grain Exchange Winnipeg Jan. 10. Broad scale buying of Cana Dian wheat and flour featured wheat dealings at Winnipeg on wednesday with Export sales chiefly to the United kingdom placed in excess of bushels in one of the largest Day s Export business in the his tory of the Exchange. Prices responded moderately to the substantial purchases with offerings appearing in line with the Export demand and hesitation at Chicago exerting a retarding influence. Final quota Winnipeg open May july May july 38% oct 38 May 52 july 51% May 197% july 183 out 193% May july tons were r so to a higher with the May at the Export sales were worked from Eastern Canadian and Atlantic ports As Well As american ports with some garnets worked out of Vancouver. Grades taken were said to have included one hard one Northern and the garnets. About bushels were said to Vlay uly kept. May july sept. May july sept.-. May july sept. Open 97% 58% 59% 39% 34% 32% 72 71% 71% High s7% Siva 89% 40% 52% 51% .199 193% 78 76% Low 87v 89 close 87vsb 88-a 89% 40% 38 Jan. 10, 1940. Prev. Last close year 86 a 62 62% 51% 50% a 19s 193 76% a 75% 51 is a 197 77 a 39% 51 a 75% a 29% 29v4 29% 38% 37% 144% 42% High 102% 99% 99% 58% 58% 59 40% 35% 33% 73% 72% 72 Low 100% 97% 97% 58% 59 39% 34% 32% 71% 70% 70% close 58% Prev. Close 98% 98% 40% a 35b 33 72% 71% 71 a Minneapolis have been worked to the to. K. In flour sales. Some bushels of Manitoba were also reported sold to Norway. Most of the Large Export buying which came from Seaboard houses Mills and Continental interests came out in the Early Trade Al though resting orders from Export ers were in evidence during the session. Trading was not particularly Active except in the initial and closing flurry and was inclined to drag As the session proceeded. While considerable commission House buying was stimulated by the substantial sales the easier tone at Chicago earlier was responsible for Light liquidation at times while offerings in connection with the Export sales were attribute chiefly to the wheat Board. South Ern markets appeared under the in fluence of the More favourable Tenor of the United states government report on Winter wheat conditions and a forecast of moisture in sections of the wheat Belt and failed to follow the Winnipeg Advance aggressively except in the late trading. Some support credited to Eastern interests came out locally and was believed to have been in connection with inter Market spreading with Chicago. Buenos Aires continued to give 3 weak display and following tues Day s Sharp decline of opened unchanged to so lower and extended losses to to to at 3 . The weather was said to be Clear and hot in the Argentine and favourable for the Extension of harvesting which is extending rapidly. Overseas information had Little feature except Broomhall s Cable that Winter killing had occurred in the Balkans and unless conditions were particularly favourable in the Spring smaller crops could be looked for in this area. Open High Low close May 99% 100 98% 99% july 99 98 99% sept. 97% Minneapolis Cash wheat close no. 1 dark nor., 58-60 ibs., 14% protein. 58% 59% 39% 32% 72% a 71% Prev. Close 99% 98% 97% a Jan. 9 Winnipeg closing daily mesday january May july privileges privileges wed 10 bids. Offers 86% 88 87% 88% there was Little reflection in the Cash wheat Trade of the Large Export business although a better inquiry was in evidence from exporters and Mills and no. 3 and no 4 Northern were attracting some interest Mill demand continued for the lower grades. In the coarse Grain Cash Market a fair Export demand Carne out in the top grades of Barley with no. 2 . Six Row in the wanted class. The tap grades of Oats also came in for Export interest. Good buying in Barley featured the Trade in the course Grain pit and All grains moved somewhat firmer in response to the better tone in wheat. The buying of two thirds of the fort William wheat stocks Grade no. 1 Northern according to Broomhall. This time a year ago the Stock was principally nos. 2 and 3 Northern. The High Quality of Canada s 1933 crop was outstanding. It May command a Premium Over most other coun tries but with the Scarcity of shipping and the High Ocean rates it makes this wheat in Broomhall s opinion very expensive in Europe. E Little Relief was in sight wednesday from the current heat wave in the reached Argentine. Temperatures Neva High for several Barley was credited Mand and was said to Export de to be in connection with business to the United kingdom estimated at bus. Purchases by Mills was fairly Good in Oats. Active in speculative both flax and Rye with greater interest being shown in the coarse Grain pit than for some Days past. Resting orders were in evidence in both Oats and Barley. Pulp and paper annual meeting Montreal Jan. 10. Up annual meetings of the Canadian pulp and paper association and its various branches will be held Here Jan. 24 26, it is announced. Reports of the president and treasurer will be submitted at the meeting. Years of 108.84 degrees with humidity at 23 per cent. Light Snow fell tuesday night in parts of Illinois and Kansas. It was Cloudy in Iowa Nebraska Kansas Missouri and Louisiana while foggy weather prevailed in Oklahoma Texas and Tennessee. Foj Cash wheat spreads closing Cash wheat spreads on wednesday included 3 Northern up 2 cent. A it of the forecast indicates melting weather for the southwestern part of the United states Winter wheat Belt with Light Rains and warmer for Kansas. Snow or rain and warmer in Illinois Indiana wis Consin Iowa Minnesota and North Dakota. Snow or rain and colder North Dakota and Nebraska. It a a report from new York states that late tuesday afternoon two prominent Export houses bought about bushels of Manitoba wheat in Canada. A Large part of the order was for no. 3. This Pur Chase it was indicated was not against Export business but presumably in anticipation of foreign demand. Mild upturn to Market maintained Union stockyards Winnipeg and St. Boniface Jan. Arrivals at the Union stockyards up to nine o clock wednesday morning consisted of 525 cattle 140 calves hogs and 35 sheep and lambs. Relatively few if any Price changes were recorded on the cattle Market wednesday and with receipts proving fairly moderate dimensions i or the mid week ses Sion and most interests apparently in need of some cattle to satisfy immediate requirements Sellers re ported a satisfactory clean up All along the line. The mild upturn on the Market recorded on monday has been fairly Well maintained duo to very orderly deliveries showing up for the past two Days which has Given Sellers the advantage of working out their holdings at reasonably firm rates despite no undue from outside centres. Some improvement has taken place in the East this week in View u much Shorter runs at Toronto and Montreal but Southern markets Are not yet sufficiently attractive to per Mit of any Liberal movement of canadians across the line. On wednesday s Market most o the useful hand weight Butch i cattle met with a quite dependable Hon. Federal minister announces that Canada s National War loan will be launched january 15, in the morning. Wheat quotations wednesday january 10 Winnipeg closed to cent higher. Chicago closed a 10 cent Hig her. Minneapolis closed to cent higher. Buenos Aires previous close tuesday cents Down. Open wednesday i Chang cd to cent Down. Noon to i cent 3 . To cent Down. . Unchanged to 4 cent lower. Winnipeg Cash prices these prices Are always the quotations at f 1g dosing the store at fort win Arr january 10. Outlet costing from to but there was Only a limited inquiry for steers but unfortunately for to Trade the Supply of big steers was definitely an the Short Side. Buyers sorted out the few selected yearlings costing from to but Little cattle Good enough to sell within Range were conspicuous by their absence and most sales for Small cattle were registered dose award from better end of the offerings in the cows classes were entitled to earn from to with Low Grade and in Between killing cows Selling to quite Good advantage within a spread of to and canners and Cutter grades realizing profits up concluding one of the Best periods for several years Western breweries limited for the year Security markets new York stocks moved irregularly wednesday still under Lead of Low priced lightened. Standard brands gelling at up featured in volume. Next came Studebaker which made a new High at up International mercantile Marine at up was third. Opening steady the Market fluctuated narrowly. Late in the Day prices firmed until the Industrial average crossed the Iso resistance level. The Rise failed to attract buyers however and prices were easing again before the close especially in lending issues. Trading moved a sluggish temp through he greater part of wednesday s Toronto Exchange session and in the Early hours prices were a bit soft. The tone improved a Little in the final period and losses were insignificant at the end of the session. The action bulked in the cheaper golds through the Early session and some of the Indus trials claimed More attention in the late afternoon. Utilities and steels posted about As Many gains As losses and the beverages and papers leaned to the Down Side. Walkers common distillers sea Grams and Ford a dropped fractions. The big oils dipped in the Early Trade and firmed near the close. Stock Market demand went to selected issues wednesday and the main list lagged behind. In late buying Holland paper advanced 3vfc Points to a new Peak of 19v2 on its first Trade since new High were set for High Grade paper. Other papers tended lower with Nar Row losses for Bathurst and Howard Smith. International paper ., trading for the first time in months climbed is Points to a new top while the common firmed a Point to 5, another new High Industry Ottawa Jan. 10. Ter National Trade in tween Canada and recovered partially in 3939, from the october Jerld lae nil Toronto Bingham Mckay Ltd Tan. 10. Net Montreal Hammond Nanton High Low close change Sale la ended october 1939, made from to bulls continued to share in the urn no. 1 White print 00 no "10. 4 special 75 a a .4 Amber durum 63vo no. 2 while White Spring no. 5 special Eez a in n country marketing tuesday year ago wheat 202.000 coarse grains cars loaded wheat 182 275 coarse grains 62 33 wheat deliveries a. 1 to in. 9 a Cable to the Northwestern Mil Ler from the Argentine says the last week s weather has been favourable for harvesting. Low coun tries have been buying wheat the last few Days. Exporters offering january and february shipment with guaranty tonnage now being available. Good old wheat Bing mixed with poor new wheat in or Der to raise Grade and value of the latter. Malting grades no 1 k of no. 2 . 6-Row h a no 1 2-Row no. 2 2-Row 52v 1 . No 1 no. 3 . 177v4, no 4. C w "l72 a t w ? Vy-j1-. 2 . 74, Strong Trade due to the favourable Market in the South for this class of Stock and All suitable weighty bulls Are being Well Learned from to with a plainer class of Bologna bulls cashing downward from there is s very Light demand at the present time for stockers and feeders and the few useful stockers showing up among the arrivals Are earning from so to 55.50 with plainer yearlings Selling at s4.75 and below. The calf Market continues in a Strong position Good hand Woight dealers Mak ing from to s10.50. And the balance of the calves being Well sold mostly from ?6 to the hog Market was reported on a steady basis wednesday morning Bacons cashing at with Good weighty feeders earning around s0.85, and Light feeder pigs from s9 to the Lamb Market was again featured by scant supplies and the Trade looked in line with earlier sessions this with buyers paying up to for continued on Page 13 Gross operating profit of which compared with Lor lie previous year. Excise gallon age sales and sundry government taxes absorbed with an additional for income tax. Consolidated net profit after Sal Aries Legal advice directors fees. Bond interest depreciation and in Terest to minority preferred share holders was which com pared with for the Previ Ous year. Current compared with but Dur Anglo Anglo assets Aie ing the year under review current liabilities were reduced in the amount of special Bank loan of was wiped out and other external obligations of approximately were cleared off mading total reduction of liabilities of approximately total current liabilities in the 1939 statement Are shown at 578.73, As against in 1938, the latter figure not including a Bank loan of total assets Are shown at As com pared with balance at credit of consolidated surplus account at the close of the company s fiscal year was Ajax Alan. P. A. Alderman Gold. C. Had Ashley Astoria q. A nor bag Mac Backfield base metals. B. E. A. A. Seattle bid. Kirk. Big miss. Ebojo Iobco Ralo Brown Oil Roulan Ank. In 22vib 20 a b 30 b 240b 14 a 14 Sib 243 245 25 a 6 a 106 i3v4 1.1 13 914 Al 1 i s4 60 bar. H. Sex. 830b 2 c. E. Cor. 220 215 Calmont Oil .41 b can. Malar. 82 80 Caribou Gold 245 Castle g7b Central Pat. 250 Centra for. 10% 10v 90b Chro m s 53b coast cop. 175 69 68 i77b 28b 30b 25a 23a 30 i 1 6 a 96 3 a 2-t j 4 Loa 25 1ila 7a 106 2 13 11 1 it 20a m 4 870a 2v, 215 Cochenour con Aurum com. Pete. About week Bond quotations association Fox fur 25-foot Waves los Angeles Jan. 10. Age estimates approached the 000 Mark today after Waves As High As 25 feet stirred up by some mysterious submarine Force battered Southern California s coastline for nearly 100 Miles. Montreal Jan. 10. Special a record High for at least five years past was established at the Cana Dian fur auction sales company s special Silver Fox Sale Here today when a Pelt from a ranch near North Bay was sold for Holt Renfrew and company were the purchasers. The Pelt was the grand Champion at the Ontario fur Farmers association prize Pelt show held at Toronto dec. 18 to 21. It was described by f. H. Pingree president of the auction company who was judge at the Toronto show. As an extra Large extra Pale full the investment dealers Canada january Dominion of Canada 5 . Oct. 15, 1943 4 . Oct. 15, 1943-45 c 104v 3vi . Oct. 15, 1944-49 Sci . Nov. 15, 1348-51 1c 98 4 . Oct. 15, 1947-52 j . June 1, 1953-58 93 414 . Nov. 1. 1848-58 107 pvt . June 1, 1950-66 co 95% 3 . Perpetual a. 87 com. Or Canada . 3 . Dec. 15, 1950-45 95 5 . Feb. 1, 1954 cd. 114 a . June 15, 1955 Cal 115 v4 . Feb. 1, 1958 1i2v4 a . July 1. 1957 5 . July 1, 19g9-44 Cal 114% 5 . Oct. 1, 1968-49 Cal provincials province of Manitoba 4 . Jan. 2, 1950 cd Afi . Dec. 15, 1956 at new 3.95 Cettl Dian Dollar .88 franc at Paris 176.625 Dollar 43.80 Canadian Dollar in Gold Pound s2.42, u. S i Lar 51.06 cents Canadian do 55.og cents. Swan River girls begin training Swan River man., Jan. 10. Under the Rural youth _ ing plan the Home making com of 28 girls opened tuesday in i agric jural school building for i 10-week programme. Miss Ruth Campbell x do. The school and teaches the Clott course. Miss Diana Peacock inc Hwy on foods and mrs. C. A. Resident House Mother. J. Agricultural representative e. Re hedge and a local co of ladies Are assisting in men is. I Toronto Stock averaged malady Sellers and co Ltd. 20 industrials 125.93 Down .29 t 20 golds 121.15 up .09 10 base metals 87.77 Down .37 15 Western oils 32.36 Down .01 1 total sales 4j8.000. I Montreal metals i Montreal Jan. 10. Up Copper. Electrolytic 1250 s2.75 Lead 5.50 Zinc. 565 Alk Mony 12.25 per 100 ibs. Montreal. 5-Lon lots. Tuesday afternoon sales Central Manitoba 3.000-.08va. Pachico diver 10-8.50. Royalle no. 30 Cross royally 1-20 of new 1 Ork hide futures James Richardson sons 6. January 10 f High Low March. H90 1480 june september december sales 27b lots. Is15 -490 1521 1521 1545 Alberta Pacific 20 Brown. 17 British Dominion. 14 Calmont. 4 Commonwealth 28 Dalhousie 50 East Crest foundation. 10 Foothills 90 Home Oil. 289 Highwood Narcee. J7 Monarch g Model 27 Viz Mcdougall Segur 14% Nordon a Kalta 118 Paralta Hoy Elitc 3500 Southwest Pete 4j Texas Canadian. 66 United Vulcan. 53 Jan. 10. Bid asked 23 20 17 45 7 125 5% water Over the dam wills Are like plans of Campaign they utilize the resources on hand to effect certain purposes changes in the situation May invalidate them. Q if there have been developments in your business connections or in your family Circle since you made your will you will probably feel it Wise to review it a this new year. If we suggest that you will helpful to consult the practical knowledge of our officers and if you have not already done so to place the future7administration of your estate in t experienced financially responsible hands by appointing this corporation your executor and trustee. To protect your family and estate the drafting your will should be entrusted to your solicitor the Toronto general trusts corporation Winnipeg office Portage Avenue at Surra assets under ;