Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 06, 1940, Winnipeg, Manitoba Page fourteen Winnipeg free press thursday june 6, 1940 Winnipeg june 6, 1940. July oct july oct july open -41.1 76-1, 294 High 74 i 31-m-b 29s july oct 1624 166 4r 4 5 open 79- s Fin 81 37 is i fish 187r.b Low 76vi 3 is 29 is a 36 a a 37 close 74 76 1" b 29% 37 a Prev. Close 74% 31-lib 29% 37-Lii 1gg lb3b 167b 170% 48 2 46 Chicago High Corn . A Lily minimum Price july 7sv 60 Low i o of 79 sept., b2 59 5 close sows a s a ., 79vi, b 59 a Grain Exchange Winnipeg. June g. In a session marked by the Lack of any aggressive buying or Sci list Winnipeg when prices moved through a narrow . Closing is lower with the july at .7-1. In the Early part of tic session weakness at Chicago had a de pressing off ocl on the Canadian Market hut fair in lying was encountered on the weak Liy overseas inner cols. No actual Export business however i by a by Ronli Eccl. Intercut be t in main buyers in the Winnipeg pit. Thursday buying on resting Rcpt. Orders on the scale Down. It was be re c that this was being done Lor British account representing lifting of Hedeo in connection Vith old sales. Shippers were spreading fairly Large quantities of wheat. Buying july and Selling the october. In mimic Mills credited Vith. nominal amounts. Southern a Ero spreading Between july Here and Chick go. Soiling at sept. Pee. Buying at Chicago. Dec. Trade in the Chicago wheat pit minimum Price. July. Sept. Dec., 79 was Lis less. After opening some Minneapolis Cash wheat close what higher prices in the southern1 june i Market drifted fractionally i dark Xor. 14 r protein Fis to 1 of. And just above the mini mums. With the creation of a Nom Inal Trade in one month at the close there was no Trade in Minneapolis wheat which opened at the mini mum no binders co weather for the development of the Spring wheat crop was a Factor de i pressing the United states markets As the Prospect that deliveries i of Winter wheat will shortly begin last year 29 14 37t s 37 143 141 4s 47 close 79 to 80 60v.i 32 a 44. A 46 a 33 a i a 31 s 32 2 44 a 46 a open Minneapolis High Low 73 authorize trading i sad december futures Market has rejuvenated session Union stockyards Winnipeg and St. Boniface june receipts at the Union stockyards up to nine o clock thursday morning consisted of 220 cattle 140 calves 175 hogs and 15 sheep and lambs. Apart from deliveries expected to come off trucks there is nothing further reported to arrive in the Yards by rail. With a fairly Complete clearance on the cattle Market wednesday and new arrivals running on the Short Side the Trade was unmistakably in favor of the Selling Side again thursday and but ers were compelled to pay Strong prices for practically everything offered. The Market has registered considerable improvement this week with Virtu ally All classes moving into substantially higher ground. In fact it has been a rejuvenated Trade with most sessions possibly staging the Best performance to Date this year. In View of the keen demand on the part of buyers to fill out their Jurdens a Good Deal unevenness crept into the Trade and naturally Sellers took advantage of this Situ Ilion and seized the Opportunity putting values on a much higher Ilane. The general run of the milling classes arc bordering closely to 5cc higher this week while in continued on Page 15 stocks Bonds Industry a. L. Crossin who has been appointed chairman of the speakers commit lace of the Manitoba War savings committee. Winnipeg quotations As it 12 noon thursday june a 3040. Bid the Council of the Winnipeg Grain Exchange has authorized trading in december futures All grains As from thursday. June i. The same contract grades As for october futures to apply. The minimum Price for Decem her wheat futures has been established at cents per Bushel and until further notice no trades in december wheat futures shall he made below that minimum Price. On a Large scale. The Day s statistical inform j Tion disclosed that Argentine j shipments Hail been maintained j week at a Roou rate with the shipment of 3.123.000 Bush j Els. Supplies of wheat in that j country Are being rapidly re i Ducco and most observers think that a Iet up in exports appears j inevitable within the near fut i Ore. The Buenos Aires Market however continued very much in the doldrums and by noon All futures quotations were unchanged. Exporters continued to pick up one Northern in the Cash wheat Market and a fair Trade re ported in this Grade mainly in Filli. Freight. One hard was also attract-1 thursday. June 6 ins interest from shippers while Mills wore a the Market for Orne of the lower grades in a Small offerings Light in the wanted grades. In the coarse Cash extra three . And one Rood closing Cash wheat spreads in Oats were being taken for the once is cent. Erica Trade while some the Northern up u Cuni. Winnipeg privileges Winnipeg daily privileges. Wheat quotations closed thurs Day As follows Winnipeg cent lower. Chicago to cent higher. Minneapolis unchanged. Cue nos Aires wheat previous close wednesday ii to cent lower. Open thursday unchanged. Noon unchanged. Is Enos Aires flax soon unchanged. Says Sale new departure in marketing loadings jump to bushels Vancouver june 6 special was again no United King Dom in Crest in local1 Groin Olfer inns during the session wednesday. Only item of interest to the Trade was a report that 10.000 tons of u. S. Pacific East soft wheat had been booked to move on British chartered ships from puget sound some time this month. This wheat enjoys subsidy of 25 cents Bushel. And offering could never be met by Canadian exporters. Beaver fire ins. Beaver lumber pad Beaver lumber com. Canadian airways . Ainer. Trust . Fire ins. Can. Indemnity . Invest. Fund. Corr. Paper Box pad. Cross. Cret Imery. Pad. Dom. End. A car., com. Federal Grain pad. Fed. Grain com a id. Trust a fund. Trust b g. W. Life g. A sad. I , pad. G. Sad., com. Grouped income. Home inv. To sir. Assn. Monarch life. 0 . Paid nor. Fin. Mice., pad. Nor. Mirc. Part paid Northern trusts North Star pad. North Star Oil. For be Tianci Grain pad. Reliance Grain. Com. Sov. Life. . Paid bldg. Assn. United Grain growers of Stern breweries Western Grain. Pad. Western grocers pad. Western grocers com. Steel products limited v. Wati. "her., pad. War. Elec. A was. Elco. B -----75.00 .102.00 2.00 2.05 120.00 3 30 00 7 34 00 Security markets new York Wall Street Felt a bit better about the War thursday and traders lifted steels and selected issues fractions to a Point or More. Best bidding came in the final hour. Quotations slipped a Shade near the finish and Here and there minus signs were to be seen. The ticker tape barely moved except at intervals until the closing stretch when a handful of Low priced stocks appeared in blocks running to shares for Packard. Willys Overland also was Lively. Wai news still left the outcome of the Somme Battle in doubt but speculative forces seemed heartened by the Strong French resistance. Toronto prices displayed a firming tendency thursday on the Toronto Exchange and narrow gains predominated at the close but trading was Light. Aggregate turnover foe the Day was Down to about 000 shares. Encouraging War news helped to produce an improved atmosphere. Closing prices were up narrowly for the steels utilities and the senior oils and a bit heavy for the foods and Banks. Bell Telephone advanced 2 Points to 152 and half Point gains came out for Beauharnois and Union Gas. Liquor stocks closed minimum fractions Down and mildly weak spots in the foods included Canada vinegars Westons Maple Leaf milling and Canada packers. Secondary golds tightened. Montreal the Stock Market displayed a steadier tone in late dealings thursday and gains were in majority. Mild support was Given a few utilities As Shawinigan Gatineau and . Power a appeared with Small additions. Brazilian held unchanged. Nickel failed to recover an Early fractional decline while smelters remained stationary. Canadian car was up narrowly. Fraser voting Trust neared the close with a gain of a Point while Beauharnois and Ford a appeared with smaller advances. Toronto Bingham Mckay Ltd j Acme Alton Alta. . C. Net High Low close change sales 3.00 55.00 12.00 lob 7b 15 Angi o . 45 Anglo Hurn. 175b Arntfield 4b Ashley 2salona que. 2b a nor 95 Basaman 5 6a 12a 15 45 lilo b a i base metals 54.no . 7.so Beattie 5.nn la is 5.75 1.1" 1.10 7.do big Missouri Ebojo Bralorne Brett they. Brown Oil. Roulan 85b 14 29 sales Buff. Ankle.j50b . I Bunker . 110 transactions thurs c. E. Cor. 115 morning. June g. I Calmont Oil id 1040. From "8 to 12 c. Malartic 42 Dominion envelope at 85.00. Caribou g. 100 Dominion envelope at 6.00. Trcon. Ihl. Anglo Canadian to. I Gross cent pal. Jib j three Fortieth of i pim1 cent it by Canadian exporters. of l it cent pore. 7 loadings wednesday jumped Una command in 2 Gro is 48 to 150.020 bushels and brings the i at in Sash Cio. To season s total to 0.229.204 bushels j 1 per co vat Cochenour 341 compared with bushels a i York in. I Gross rear i tilth of l per cent no 220.00. 0 a net preferred Royal to om1 1 por rent it .110.00 elevators took in 8.063 bushels and local shipments wednesday were bushels. Port stocks now total 15.189.113 bushels of All grains. Manitoba wheat up 4 to 5 1-2 inches the Sale of bushels of average height of wheat in Canadian wheat to the British Manitoba ranges from 4 inches in of Fertit the of i per rent to no. -10 Nook Iteli of 1 per cent at Royalty Ono . Bond quotations the investment association of Canada june 6. 1940. Bid.? 76 s c Ash wheat spreads offers non Pinion of . Oct. A pril Whf by i Man. Hard 7. 1 Man. Midi. Rydl u i. I null. Of. 391. 2 Man. Nor. 112. 3 Man nor. 16. 4_man. Nor. 1. Touch 41, no. 2 Garnet of. O Garnet 1. Toun h Garnet 2, 2 an. Durum 11. 3 am. Durum 2. Coarse grains 8 . O. A . A a l Fec 1 Fred 4. Touch 2. Row. No. 3 . 2. Six . No 3 . 2, . No 2 . I commercial interests to handle the i new crop. The reason for this is that elevators buying the wheat from the Farmer Are unable to protect themselves from a possible drop in Cash wheat prices by hedging in the futures Market. Delivery of the new american Winter wheat crop has already begun. Conditions brought about by the pegged Low prices have brought Cash Grain and elevator interests face to face with serious problems says the Chicago journal of com Merce. The new wheat crop is about to move and commercial interests will not buy the Grain they assured that they., . Sell h futures against such purchases in the Way of a hedge. Buying of wheat also is definitely curbed by the existence of the minimum prices. While removal of the pegged Levels might result in lower prices Longs would at least know they could sell . I 3 oaf. Norico out if they wished to whereas when minimums prevail there is no Assur Ance that buyers always be found at the permissible Low another private Market commentator in this City has this to say on june 1, Hon. J. A. Mackin . Minister of Trade and com Merce revealed that the Canadian wheat Board had sold 50 million bushels of wheat to the British cereals import committee at a Price several cents above prices prevailing on the Winnipeg mar few Days inner or. George Mclver chairman of the wheat Board said that the Sale consisted of Ful ivs contracts which pc of futures for so wheat to client de at a i Alcor Date through Ordinary Trade channels. The new departure transaction represents dip Arturo in marketing policy on the part of the Canadian wheat Board. Except for one occasion a few Days before the outbreak of War when a direct Sale of some thing less than 10 million bushels was made to the British govern ment the Board has hitherto ducted its operations through the Winnipeg Exchange offering wheat for Sale on both the Cash and futures markets at prices deter mined in those markets. Until this 50 million Bushel Deal the Board in the words of the Canadian wheat Board act. Had offered continuously wheat for in the markets of he world through Tho Saskatchewan s crop averages 3 to 4 inches and Alberta crop is 3 to 4 inches up. Further moisture is needed some sections of Manitoba and Saskatchewan but generally prospects show improvement Over the Ous week. Previ Argentine weather favors new crops Broomhall special to the free Tress Buenos Aires june g weather has been favourable lately for the cedi big of new crops. This improved Outlook cawed a recession in wheat futures wednesday closing to a cent lower. June closed at 69vi and july at 70vj. Corn was unchanged to i cent lower. June at 30% and july at flax ended the session unchanged june at if and july at svs the second official Corn estimate will be issued this week . Winnipeg Cash prices prices Are always the quotations on Cash grains at the time of closing the future Market and refer Only to Grain in store at fort William and port Arthur. June i. 1940. 1 hard n9. 1 Northern no. 2 n Erthein 70no. 3 nor 4 Northern i4to. N feed wheat 01. To r wheat no. 1 Garnet fi7 a. No. 2 Garnet no. 3 Garnet i j. No. I hard Tough to. 1 Xor Hern to Tosh 70nk. No. 2 nor Thern Tonoli fit i. To. 3 Xor Horn Tough established fixed Jim Iii i Yuuji .1 l Kinin top to 1he time of writing no n0i 4 Northern Tough by. To. Can Given for thai l Bush no. I Northern smutty explanation had bit explanation is forthcoming Little be said. But one aspect of the transaction deserves the Survey says. The fact that the Board was Able to sell 50 million bushels wheat to the British trying Agency at several cents above the prevailing Market Price does not necessarily mean that the British government paid an unduly High Price or that the Board made a particularly advantageous Sale. Indeed the facts May be quite otherwise. All that happened was that the Board chose to fix the Price by negotiation rather than through the Market. No one is in a position to say How far the mar Ket Price would have risen had the British buyer gone in to bid for 50 million no. 2 Northern smutty Ufi. No. 3 nor Thern smutty to. 1 Amber durum 6c. No. 2 Amber durum b4 no. 3 Amber durum no. 4 Amber durum no. 1 White Spring 6.1. No. 2 White Spring 60. No. .1 White Spring 57. No. 4 special no. 5 special co. No. Special 58, no. 1 Mir cd wheat go. Track. Basis no. T Northern 73u screenings per Tori 75. 2 . 32. No. Sex. 3 . 31no. 3 . 31. Sex. 1 feed 31. No. 1 feed 31. No. 2 feed 28, no. 3 feed 2514. Track 32. Grad Cost no. 1 . 6 How no. 2 . I no. 1 no. 2 . 41 s. No. 3 . I 34. Other grades no. 1 feed 3334. No. 1 fee i no. 3 feed ibid Sruv h i4 10fi-Klufi Lull h a -i3., . June 15. To n1-. . Feb i 195g 4 . 3 . June 1. 11153-35 41 . Nov. 1. 1b4b-58 3u . June 1. I9o6-66 3 . i Llo minion of Canada . Dec. , 10.io-4.i cd pc feb. 1. Cd. Cal Icell july 1. Chi . July 1. 13b3-44 Icli 5 pc oct. 1. 1969-19 i cult provincials province of 4 i e Jan. 2, 1950 cd i -. Pc . 15. Isi Afi Iceni june 13. 1354 Sci. . Oct. 1. 19.15 cd ii . Apr. 1. 1947 Ici province of British 4 pc Der. 1. In 02 4 Ort. 1. 1953 Len 1 93 i . Apr. 1954 Cal. 93 a Nitvini 4 . Aug. 1949-53 cd 72 oct. 1. In g . Mar. 13. 1952 cd province of 4 . Oct. 1. 195fi cd id sept. T. I a1 . Jan. 1. 1947 i Chi g . Mar. 1. 1947 a province of c we Atli p. Comm Oil 118 181 48 2ha i25a 113 23a into 1500 500 400 7450 1440 1000 300 100u 350 Montreal Osier. Hammond Nanton Alta. P. Or. Pad. Assoc. Brew. 14 Bathurst a 8b Bell Telephone 150152 brazilian 511 j . Power a 2i . Power b 2b Bruck Silli build. Prod. L . C. F. Co. 6. Can. C. F. Pad. M i . Cement com. Can. Cement pad. 70b . Power com. 1 of . Power cd. So Canada is. Com. 3v, Canada is. Pad. .11 . Ind. Alco. A 13nb . Ind. Alco. B Isab . Bronze com. 34a . Celanese a. 23 2 24 . Celanese p. Can. Converters 14b . . Ray. 4 .2 . Min. A so. 30 30 Cocks me plow 5 Dom. Bridge 24 4 Dom. Glass com. 113b Dom. Steel 7 Dom. Textile com. 7 3 dem. Textile pad. 129n Dryden Eastern dairies fila of found. Co. Of c. Gatineau per. Pm lib Gatineau per. Of. 82 g. S. Wares pm. G. S. Wares pad 75b Gurd. Chas. Co. I Gypsum. L. A. 3b Imp. Tobacco 13 int. Nickel 23 i 29 la. Of Woods my. In Massey Harris pm 3 Massey Harris of. 115a open High Low close 132 6 30a 12a 200a 200a Oil and gel surveying pushed Ottawa june 6. Their importance in Canada s Effort the country s potential Roseum resources and the Goy ing Industry will be Given Lar attention by government sure parties this year. The mines and geology Branch the mines and resources announced wednesday night Force of 170 men making i ecological and topographical Sverni and exploratory parties willies Ottawa soon to map and investing areas in every Mineral product province the Yukon and Theori West territories. Two geological parties will we in Manitoba. The work of the Branch this yes has been directed largely tows Extension of the Gold mining try which provides foreign Crecy so essential for a country at War f. Also is particularly interested Jim Petroleum resources because of t creased Domestic needs since Start of the War and the 15b 15 17 in 3 Job 1 a i so 114 1133 in. S8 s3 sb1 an 116. . 113. 8 117 89 9 ri3 100 95 or 99 7li 79 Sll s3 Fulli 104 3 . Oct. 15. 1951 cd 32 i. Track 3g. I . I. No. 2 . 157 province of Nova 5 . May City i i mar i 1942 i oct. 1. 1960 a Cal greater Winnipeg . Mav 1. 1952 cd Idt St Bials. Abi Tibi p. And .1 . June 1. 1953 Beauharnois 5 . Jan. 1. 1978 cd Brown 5 . April 1. 1946 Calgary 5 . April 1. 19lio in l Canada 4u . Nov. 1. 1951 c Canada 5 . Jan. 1957 re. Can. Pae. 3 . Oct. I. 1945 Ici . Feb. 15. 1951 Ici consolidated paper s . July 2. 1961 Gatineau 5 . June 1. 1949 1c . April 1. 19g9 cd Gypsum. In. And ". Mar. 1. 1943 cd. Int. Hydro 6 . April 1. 1s44 Iceni Massey 4 i . Mar. 1. 1954 Sci Minn and ont. . Maclaren Quebec 4 . Mav 15. 1959 1c Shawinigan w. And 4 . April 1. I9g1 cd United Grain Jan. 2. 194b 1c 105 108 101 i 94 i 99" k 35" i 100 101 104 98 Davics p. dome Dorval Sis. East Crest e. Malartic Eldorado Exton. Oil j a icon. Fed. A. Fernland Foothills found. P. Francoeur Gil. Lake Glenora god s a. Go Dale Gold e. Golden g. Goodrich Graham b. Grandora Gunnar Halcrow s. Hard Roek Barker 3 High. S. 7 Hollinger 1000 Homo. Oil. 140 Homestead tits Howdy Gold h. B. Int. Nickel 3a 3 211 Montreal Power Mccoll front. 10001 Nat. Brew com Nat. Arc a. Pad 5951 Nat. Steel car. Ogilvie com. 2000 400 1200 10 4 35 b la iia 21 29 10 la 37a i a 990 139 3 2a 21 m. Cons. Jacola Jellicoe 6b Kerr. Add. 137 133 Kirk. H. 3 lib Kirk. Lake 75 Kirk. Town. Lake Shore in a 13 Lama. Gold 5s5 Lapa cad. I in Lebel Oro 1 a Leitch Gold Little l. L. Macassar Madsen . Malartic g. Mandy Man. E. Mara go Fil 2314 91 b4 b7 to Mills. Spence x co. Ltd Prev. Today. Chit. No. 3 151. No. 4 138. Track ifi2. J mpg. Electric 1 . 43 no. 2 . 4, 3 . Jan. 2. No 3 . 437a. Rei. 2 . 4pi. No. 4 . Track 4bu. Bond averages clearings mount an increase of nearly s9.000.floo is reported in the Winnipeg Bank clearings for the week ended june 6 compared with he corresponding period of last year. Figures Are 1940, 1939, s37.882.215. 102 104 it r21 -. 4s 92 95 i fit 84 93 96 02 63 Mcd Seewir Mclntyre p. Mck. l. Mcvittie Mcwatters min. Corp. Model Oil Monarch Moneta mor. Kirk. Murphy i Nat. Pete. Nabob j new acc ii pissing Noranda nor Lon Cor. Node Chat 19s k 250 112 g2 " in in i in 87 hit rib 85b a 4b 23 i 1 20a in 19a in 250 112 29 Loa 2a 391.2 87 1 a 25 1 45 1 45 1 2 i 95a 4b 4 200 400 1800 1500 4000 380 800 600 60 1350 Irao 1000 Rico 6280 200 2100 2400 o Brien Oil Schlec. Kalta Omega Oro Plato Paralta amour p. Pandora paymaster fend Oreille 145 Perron 106 Pickle Crow 250 Pioneer Gold 180 Powell k. 85b Prairie a 13 Premier 80 Preston . 155 Reno 19 Robb Mont. Roche l. A. Royal it 20 130 105 245 18b Isa 20a 30 20 j-12 105 3 230 180 5 9aa 13 80 353 3 la .3 1000 2goo 1000 1000 125 1000 400 600 12700 7000 450 1000 100 615 400 bid Alberta Pacific Calmont c. And e. Corp Dalhousie East Crest foundation Foothills Home of Highwood Narcee Mcdo Wigall Segur Nordon Kalta Paralta Royality Texas Canadian 18 111 15 3 300 430 525 .19115 125b 21b 5b 8b Imi 85 i 8 Job 13b 55 b 3 40 3 so 22 10 22 22 10 70 6a a 5 a to 22 1sv, 10 c5a h. Walker pal. Kelvin. Can. Laura Secord Loblaw a Loblaw a Maple Leaf Moo re corp. Pante photo eng Rogers maj. Stand. Pay super t. P. Toronto Mage Walkerville United steel w. Can. Flour 2 35 175b 50b cab 3v, 175b 300a look 40a 30a 3v, 04 in 100 145 10 70 Western grocers limited 75 cents and preferred 1-14 per cent both payable july 15 to shareholders of record june 20. Toronto Stock averages malady Sellers co. Ltd. 20 industrials 89.47, us .24 20 sold 81.32, up ".02 10 base metals 58.80, up .27 15 Western oils. 39.46, up .05 total sales Lake sulphate Melchers com. Melchers pad. Price Bros. Com. Price Bros. Pad. Reliance Grain boat. Mitchell i3 Walkerville brew. 73a Exchange Kates at buying w3 Selling 4.47 . Dollar. 1.10. Selling 1.11 franc 2.12 2.13. At new 3.44 a Fol Dollar franc. 1.95. At 176.625 for Dollar. 43.80 . Dollar for. Now i in s2.42 . We Lar. 61.06 cents . Rozilar cents. Foreign Exchange Montreal june 6. And foreign Exchange Between Banks Only wednesday Argentina peso 2492 China Hong Kong Duars .2222 France franc .020105 it. Britain Pound 4.43-4.47 Greece drachma 0069 Italy lire .0561 Sweden Krone -2s47 Switzerland franc .2487 u . Dollar. 10-11 . Prem. Montreal june. 6. Copper electrolytic. 12.75. Tin. 65.40. Lead 5.50. Zinc 5.65. Anti Mony 15.25 per 100 pounds . Montreal five ton lots. The richest Man in baby Loo i for card or Call Brines you a copy of this Book. The Universal Ujj Aurance a Muhja sos Paris phone 95 72j ;