Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 23, 1940, Winnipeg, Manitoba Page ten Winnipeg frets , january 23, 1940 produce stocks Industry Grain Exchange Winnipeg. Jan. 23. Weakness at Chicago which out moderate Selling offset a moderate revival of Export demand on tuesday with Winnipeg prices Drifting lower to close in to s so lower and the May at san. Export sales were placed slightly in excess of bushels with around bushels reported worked to Norway while the United kingdom and other Neutral countries were credited with some purchases. Three North Ern was believed involved in la sales to Norway and one Northern in . Business. Declining tendencies in Southern Market had a bearish influence on or local Trade and discouraged any. Effort to rally the local Market. Chicago appeared affected by the possibility of pressure developing at a later Date from wheat held United states government Loans while a forecast for further Snow in the american wheat Belt was also a depressing Factor. Dealings locally were Dull with some soiling credited to Southern interests in the july and october believed to to in connection with Isle Market spreading with Chica go. Seaboard firms were Rispon sible for fairly Yood support at limes while Mills made Light Pur chases. A flurry of local commis Sion House Selling came out in the late Trade when Chicago extended declines and further moderate Selling for Southern account in connection with the spreading operations with Chicago added to the pressure. New crop deliveries continued to be reflected in the Buenos Aires Market which opened to cent Down with losses of i to cent showing at noon. Argentine Export offers were reduced with . Prices Cut three cents per Bushel As a result of increased receipts of new crop and slow demand. Recent Large deals involving Sale of bushels of rumanian wheat to United kingdom and bushels of French wheat to Spain were regarded As constructive in reducing overhanging sur pluses. From a Domestic standpoint the decline or million bushels in the Canadian visible the largest in several weeks and the substantial Canadian Over seas shipments of nearly Bush is Tot the week attracted considerable interest in the Trade As indicating a much heavier movement of Canadian wheat to overseas markets. A Good demand continued for three and four Northern and the Garnet grades in the Cash when Market with Ontario Mills credited with aking the first two grades on an All rail basis while exporter were picking up the garnets for Tiv opening of navigation. Spreads 01 three and four Northern were re ported to have improved ecu in the coarse Grain Cash Marke exporters were taking the to grades with two cd trading to one cent better and the extra three cd turning Over at it Cen improvement in the spread. Offer Ings however continued Light i Oats and in Barley which was als in demand from exporters. Some Light buying of oat credited to Mills and other Domestic interests was the Only highlight c the Early Trade in the coarse Grai pit. Generally the Trade was of local nature although exporter were reported to. Be taking a Little Barley on resting orders. Ther was mild speculative interest both Rye and flax May july oct. May july oct. Barley May july May july May july ocl. Wheat May july sept. May july sept. May july sept. May july sept. Open 86% 37 40% 53% 193 77 m 7 6 is 72 open 100% air reduction 52ju Allied c h. Bye american can am. Salt. Ref. Am. Tel. A Tel. Jam tobacco Anaconda Copp atch. Top. I . Bendix Avi. Beth. Elcel Bockins air. Briggs mfg. Chrysler a. Lid. Corn p. Ref. Curls a. Corp. Doug i air. Dupont de m. East. A. Free. S. Co. Gen. . Gen. F. A. General motors Goodrich co. Goodyear tire into. Harvester Johnk Manville Ken Necol Copper Low s inc. Montgomery Ward Nash Kcal Elnator Nat. Biscuit . Cent. . Nor. Alicr. Avn. Owens ill. Glass Pennsylvania . Proc. A Gamble Pullman co. Radio corp. Of a. Republic steel scars. Roebuck Simmons co. Socony vac. Up. Porno Rico is corp. Stand. Oil . Texas corp. Texas Guli sulph Timken holler by Union . Union Pacific United aircraft. United corp. United fruit u. S. Rubber 37u 3.w. United states a. Western Union 23vi 23-j4 Westinghouse 107 106 107 a. Noon 2w.k v 1 . 320.000 2 ., 370.000. Total Exchange rates at Selling 4.47 . Doling buying Selling 1.11 franc i at new York Pound Dollar franc 2.25. A at Paris Pound 176.625 it. 13% Dollar 43.80 for. Canadian 40.08 for. In Gold Pound . B1.06 cents can Dollar 55.06 Montreal copped f Montreal Jan. 23. Copper electrolytic 12.50 on Lead. Zinc 5.65 Anuw 15.25 per 100 ibs. . Five ton lots. A has Cis Abri i cry cent on one mini Cubi bin will Avia is now add Boll Lars mall for Cut Tai 15. In 26% 26% 20 19% 12% i9-i. 12v, 85a a 20 i 12a 28 2gvaa 6 a 3a 150a 40a 108a Usa 6 5 via commenced business 1906 Assurance company a progressive ii Canadian. Omit i ill Finci in is Riny Ope do a Pic liar we to cuff pc no. Lim it i Tylo or 7.nr, 2.0 lie Oil lid Ai a Beigi. To 34th annual statement business in Force increased to of 4.1% Premium income increased to new business increased to exclusive of revivals and immediate annul two 1939 average rate of interest earned 5.19% Cash Basil balance Sheet assets aut Hor izod Market values both and debentures 1. Mortgages real estate Loans on policies net outstanding and deferred f premiums interest due and accrued Cash in Banks and on hand liabilities policy reserves f policy claims awaiting proof policy proceeds left with the company. Premiums paid in Advance provision for taxes miscellaneous capital Stock account shareholders1 dividend provisions for policyholders profits deferred dividends Titi ends other Rhan deferred. Payable in next year other accrued dividends Reserve for unreported policy claims profits on real estate sales held in Reserve. Unallocated investment Reserve. Contingency Reserve additional surplus 1938 959.087.30 3s9.529.58 207.181.99 s14.093.605.84 47.225.65 100.740.00 133.624.84 12.088.80 143.614.00 1939 Ujj i 952.367.52. 1.946.138.55 u 278.222.15 i 220.357.16 51 2, 3 1 100.740.00 1 40.000.03 .48 Tarr president g. C. Cumming Juk Toi Tot its la 83 the ship pc Sll. Why not discuss your insurance problems with a Monarch life agent Winnipeg Ian b. Croll. . Branch manager Ian b. Croll Agency. 1002 electric railway Chambers Winnipeg offices great West permanent bldg., w. C. Neely div. Surf. Manitoba Branch electric railway Chambers Winnipeg ;