Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 12, 1940, Winnipeg, Manitoba Page fourteen Winnipeg free press tuesday june 11, .1940 Winnipeg june 1940. Grain Exchange Winnipeg. June 12. Hesitation in outside markets and Lack of Export and other aggressive support contributed to an easier Lone in Winnipeg wheat prices on wednesday with final quotations i pc to i so lower and the july at Export business in Canadian wheat appeared negligible although some Pur chases in pit were credited to . Mill account. The Trade appeared to be reflecting action at Chicago although Southern markets showed Independent strength in the Early stages influenced Pri Marily by the stronger Lone in securities and reports of the Extension of rust in Kansas. The United suites government weekly in port and private surveys How Ever wore More or less of a favourable Churock or. And further scattered showers in the Canadian and american Spring wheat belts were a bearish influence and american murky a had difficulty in making headway on the upside. The re Moval of the minimums in Amer ican markets effective Friday was regarded As constructive in some sections of the Southern Trade. War developments contributed to nervousness i dealings but foreign crop advices were scarce and the Buenos Aires mar Ket appeared in a rut with prices unchanged at noon. Winnipeg prices drifted lower in the Early Trade when Light hedging sales found Little support of consequence. Values however firmed slightly when Chicago appeared to be resisting declining tendencies and a Little support came into the local Market from Mills part of which was believed for american account. Inter Market spreading appeared to work both ways with some Selling in the july against purchases in Chicago while minor buying in the october was believed to have been in connection with Selling of Chicago september. Local spread ing was fairly Active with the Trade buying the july against sales of the october. Declines at Chi Cago in the last half of the ses Sion however had a depressing influence locally and values slip Ped off. Exporters took some 1 Northern in wednesday s Cash wheat Market it unchanged spreads. Mills were in the Market for 2 and 3 Northern the Odd car of durum and Gar net. In the Cash coarse grains All grades of Oats were wanted but practically nothing was coming out. Some interest was being shown in Barley by Domestic with i cent better spread on some of the lower grades. Outside interests were bidding for december Oats and Barley in the coarse Grain pit. The Oats was believed to be for Export to the United states. Shippers Little july Oats Trade was Light with routine spread ing operations. Open july oct. 7315 777-s dec. 78-% minimum prices july oct. Dec. July High 75% 78% 79b july lox 73% 76% 78a 78a oct., close 31 oct. Dec. July oct. July oct. Dec. 37 373g i 168 a 47 i 29vsb 377s 38% 165vz 168 a 49 us 47 a 29% 37 38% a 30b 37b 37vi-a 163b Prev. Close 75% 77 a 79 it dec. 31% 30030% last year 62% 29% 29 37 48% 47 49vsb 46vsb 16514 47a 14434 142% 45% july sept. Dec. Orjen Chicago Low High 83% 84% july minimum Price july Syz dec. July sept. Dec. July sept. Dec. July sept. Dec. 63 3i 62 .4 33% 32 34 s 46 i 47 s 50% 53 s b2% 60% 46% 48 is 50 i 82 82 is 83% sept., 63 61% 59 i 31% 33 is 44 i 46 2 close dec. 791-4. Prev. Close 83 83 a 85 is a 60 s 33 lib 31 avg 33vi 441.3 a 46 via Minneapolis open r2 82% High 82 32% 83 Low 80% 81u. Close 80% 63 62% 601.4 a 32vsa 33% 46b 477sfe Soaib Prev. Close 81% 82 in 82 so minimum Price. July sept., dec., Minneapolis Cash wheat close june 12 no. 1 dark nor. Protein. 58-60 ibs june 11 84 85% closing Winnipeg daily wheat privileges wednesday. June 12 july october bids 717s 74% offers 76% 79 shown by the official report. Rus Sian officials reports during recent rears have almost invariably taken an optimistic View but the Small Ness of the Export movement has tended to discount their importance. T Cash wheat spreads closing Cash wheat spreads wednesday were Tough 5 wheat in higher other grades unchanged. Were taking a otherwise the Winnipeg Cash prices june 12. 1940. 1 hard no. 1 Northern 7.- 4 no. 2 Northern no. 3 nor Thern 6631. Not. 4 Northern no. Wheat 543 Garnet fir i to. 6 wheat feed no. 1 Garnet no. Z no. 3 Garnet no. 1 hard 70u. No. 1 Northern Tough no. 2 Northern Tough no. 3 Northern touch no. 4 Northern Tolg 61 "4 no. 5 Toush no. 1 Northern smutty no. 2 Northern smutty no. 3 Northern smutty 621 4, no. 1 Amber durum no. 2 Amber durum 64 4. No. 3 Amber durum 6314. No. 4 Amber durum 61h. No1. 1 White Sprinc no. 2 White Spring no 2 White Spring no. 4 spec Sci. 5 specie 603. I. No. 6 special no. 1 mixed track no. 1 Northern screenings per ton. 2 . No. . 3 . 31 s . Sex. 1 feed 31 no. 1 feed no. 2 feed 29 i. No. Fred track 32 r. Grades Sci. 1 . 6 Tiv i. No. 2 . 6-Row no. 1 . 2-Row 42. No. 2 . 2-Row 42. No. 3 . I Rev other grades no. 1 feed no. 2 feed no. 3 flax no. 1 . 162. No. 2 . 1.18. No. 3 . 151, no. 4 . 133, track 1 . No. 2 . 48 .1. No 3 . 44 n. He. 2 . No. T . 41 a. Track 43 country deliveries cumulative total wheat deliveries on the Prairies for the period aug. 1 to june 7 m hns hels compared with bushels for the same weeks last rent. Deliveries for the period above distributed by provinces arc As Fol lows Brand durum 39.916.367 i5.74f-.3ir r. 218.sb5.9bo 2.20 generally fair weather is forecast for the . Wheat Belt for thurs Day with scattered showers in the North and North Central portions. Good rain was reported on the Early weather map wednesday throughout most of the . Wheat Belt heavy rain in Illinois and Missouri moderate Rains in Iowa Kansas. Indiana and Light Rains n Nebraska and Cloudy in remain no states. From Wichita. Kansas to Welling ton. Oklahoma h. C. Donovan. American crop reporter plates he found Black rust on every Field examined. It is impossible to de Ter Mirre the exact damage. Edmonton june 12. Conditions in All districts of Alberta Are Good with the Outlook promis no. Stated the Alberta government weekly crop report released wednesday by Hon. D. Mullen provincial minister of agriculture. Many districts described growing conditions As Ideal but in the Southern area and in a Small por Tion of the peace River country Ood general Rains would be beneficial. Washington june 12. Record purchases of whole wheat Graham Lour and whole wheat cereals were made monday by the Federal sur plus commodity corporation from offers made by Mills up to last sat urday. The amount of Graham flour purchased from 27 Mills was 720 barrels and 13 Mills were awarded orders for ail aggregate of barrels of whole wheat Lereal. The combined barrels will require More Han bushels of wheat. De livery of the products will extend to next november 30. The rumanian government has sanctioned the Export of bushels of wheat to Spain Broom Hall says. Rumanian government banned further wheat Export sales in a decree issued in april although permitting the fulfilment of Vious contracts Broomhall says an official rus Sian report states that in some areas especially in the important Volga Region the soil is dry but crops mainly Are in Good condition. Re ports from usually Well informed sources and from areas adjacent to Russia have taken a less optimistic View of the russian Outlook than Ito a i. Alberts tots .373.922.857 country marketing tuc5dav year. 152.000 66.000 175.000 Carload links 912 we Init june 11 suspend Winnipeg trader at Chicago Chicago june 12. A. Anderson Winnipeg Grain dealer has been suspended from the Chicago Board of Trade for 60 Days directors of the Exchange announced today. The announcement said he had violated a Rule pertaining mostly to failure of a member to submit books to the business conduct com Mittee. Wheat quotations closed wednesday As follows Winnipeg to cents lower. Chicago a to i cents lower. Minneapolis 1% to 1v4 cents lower. Buenos Aires wheat previous close tuesday unchanged. Open wednes unchanged. Noon unchanged. Buenos Aires flax noon unchanged. 30 vessels loaded at Lakehead foils thirty vessels loaded at fort Wiliam porn Arthur during the week ending june 7. According to the statistics Branch of the Board of Grain commissioners. Total wheat loaded bushels plus bushels durum wheat. The bulk of the to lower Lake ports while went to St. Lawrence River ports. The bushels of wheat other than durum and All the durum destined for .a. Ports. During the same week bushels of Oats were loaded of which 442.094 bushels were being sent to Buffalo .a. And the bal Ance to Canadian ports. Barley loaded amounted to 448.802 Bush Els All going to Canadian ports. Flaxseed loaded was bushels and Rye bushels March june sept. New York hide futures James Richardson arid sons High Low Cloft 10.79 10.15 10.50 10.75 10.70 10.15 10.20 10.44 10.85n 10.35n 10.40 10.62 Poland Only invaded country not requiring Grain imports Broomhall comment ism. E. Kid co., Ltd the exporting countries Are faced with More and More difficulty of sending supplies overseas. Cargo steamers Are being sunk with sub Marine War being extended into the Mediterranean and foreign Exchange hampered by restrictions. Much of the Continental import Trade has ceased. For instance Thi year to Apt year 3fl4.009.000 278.490.000 wheat and Corn imports by Continental countries amount to from 1938-39 1937-33 1936-37 000 omitted wheat and flour 97.000 120.000 1gs.ooo Corn 140.000 Poland is about the Only invaded country not requiring to import wheat or Rye. The following invaded countries produced less wheat and Rye than they consumed also did Germany . Prod. Consumption country was responsible for the loss of the. War in 1914-1318. Some Success was attained and in sept. 3939. Germany announced that a very substantial Security Stock had been built up. Since then with the blockade it is a fair Assumption that much of the Reserve Supply Las disappeared and it is now obvious that All prewar Endeavor to wards self sufficiency has been set at naught by the acquirement of territory largely dependent on Over so seas supplies for their maintenance. Toronto 000 Germany Belgium Holland Norway Denmark Poland Czecho Slovakia totals omitted 511.000 340.000 118.000 563.000 62.000 15.000 15.-Bo .1.062.000 it will be necessary to find this bushels of bread Grain next season plus any further Short age due to ravages. Before the War Germany took pains to make herself largely Independent of foreign foodstuffs Ana so Cor rect a mistake which in the Opin Ion of those now governing the Eastern orders support Union stockyards. Winnipeg and St. Boniface june arrivals at the Union stockyards up to o clock wednesday morning consisted of 590 cattle. 300 calves 550 hogs and 80 sheep and lambs. Following the reasonably Active sessions on the cattle Market earlier this week the Trade went along at a fairly Good Pace again wednesday with most Slaughter classes carrying a dependable outlet and command ing prices which look Well in line with the week s Advance. The pres ence of Eastern orders gave the Trade a Good measure of support and this coupled with a very fair local inquiry enabled Sellers to effect a satisfactory clearance All along the line. There was a Load of very Desir Able Western steers on the Market scaling at 1.050 ibs., which sold on a Flat basis of on Eastern account while other Good steers of mixed weights were taken out of the arrivals costing from to the less attractive variety of killing steers which were lightly represented crossing the Scales downward from 57.50. Buyers were apparently keen for Quality material and a number of very Good Little cattle originating from the Decker and Isabella boys and girls calf clubs commanded fairly attractive prices. The above consignment numbered approximately 40 head and the prize win Ning animals sold from to with the balance of the shipment going to a local processing House from s7.50 to some interests were inclined to Bear Down a Little on cows and the Trade in this Branch of the Market possibly lacked the same strength which characterized former sessions this week but Early sales showed no material change in the general Price Structure and the better of the cows held from ?5.75 to with Low Grade and in Between kill ing cows Saleable from to tiie Stocker and feeder of the Trade continued to exhibit reasonably Good strength and suitable Light stickers were in request from so to 56.25. With a rather Pinin assortment of. Light cattle cashing at s5.50 and below. The calf Market had a reasonably firm appearance Best hand weight veaters be ing in request up to with the balance of the calves earning mostly from Solo 57.50. The hog Market maintained a steady tone Bacons ruling at s7.75. Fed and continued on Page 151 Bond quotations the investment dealers association of Canada. June 12, 1940. Dominion of 5 . Oct. 15. 1943 i 4 . Oct. 1943-45 c 3p c. Oct. 15. 1944-49 1c 3 4 . Nov. 15. 1948-til cd 4 . Oct. 15. 1347-52 c 3 . June 1. 1953-53 c 414 . Nov. 1, 1948-58 cd . June 1. 1356-66 cd 3p.c. Fernc duals cd provincials province of 4 . Ian. 2, 195u i 4v . Dec. 15, 1956 Cal 5 . June 15. 1954 in 5 i . Oct. 1. 1955 Sci 6 . Apr. 1, 1947 cd province of British 4 . Dec. 1, 1957 Iceni 4 a . Oct. 1, 1953 in 5 . Apr. 25, 1954 in province o 41-2 . Oct. 1, 1956 in 5 . Sept. 1. 1955 c 5vi . Jan. 1, 1947 in 6 . Mar. 1. 1947 c province of . Dec. 1. 1851 cd 4 . May 15. 1968 cn1 province of new . Apr. 15. 1961 in 94 3 . Oct. 15, 1951 pc 86 province of Nova 5 . May 1. 1359 Chi municipals cite of Winnipeg c mar. I. 1942 Ici . Oct. 1. 1960 in g. In. W. A 5 . May 1, 1952 in 103 industrials a Itobi p. A s.. June 1, Brown co . Apr. 1, 1946 Calgary pow. Co. Ltd 5 . Apr. 1, 1960 Canada Cement co 4 a . Nov. 1, 1951 1c Canada steamships 5 .jan. 2. 1957 c . Ray 3 . Oct. 1, 1945 c 314 . Feb. 15. 1951 c cons. Paper co 5% . July 2. 1961 Federal Grain co 6 . Aug. 1. 1949 gating no pow. Co ids. 100 n 99v, 94s id i a 9b Bihi Kab 95 02 9814 93 93v 53 i 611 64 94 1091106 a 101" 96 i 39 91 98 95 100 a 95 96 56 57 i 64 67 96 97 88 100 100 88 83va 38 102 103 9114 86 i 84 5 . June 1. 1049 i . Apr. 1. 19g9 Gypsum l. A c . Mar. 1. 1948 1c int Hyde Elco b . Apr. 1. 194.4 Chi Massey Harris co. Ltd 4 a . Mar. 1. 1954. C Minn. Ont. Paper g . Maclaren Quebec pow 4 . May 15, 1959 1c Shawinigan w. A 4 . Apr. 1. 1961 cd tin. Grain grow. Ltd 5 . Jan. 2. 194b c mpg. Elec. Ray. A 4, 5 . Jan. 2. 1965 62 a 79 i 1 32 87 99 93 92 63 35 82 97 s2 clearings up Winnipeg Bank clearings for the week ended june 13, which due to the Bank Holiday thursday in Observance the King s birthday Are the clearings from june 7. To june 12, climbed compare with the corresponding week of 1939. Figures Are 1940, 1939. And for the same week of 1938 Canadian Bank stocks James Richardson and sons can. Nation ale Commerce open High Low close 140b 145a 155 156 155 156 solvi 193 191vi 195 290 .163. 220a Wall Street hour by hour Thomson Mckinnon the following Price indices 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 rails 17.8, and utilities 20. Price indices for wednesday s session follow 30 industrials 20 railroads 20 utilities previous close 115.97 23.73 18.62 11.00 . 118.89 24.36 18.93 noon 121.05 24.91 19.25 1.00 . 121.51 24.90 19.25 .2.00 . 121.47 24.88 19.30 close preliminary calculation 121.46 25.20 19.30 wednesday s Hange open High Low close 30 industrials 122.38 117.41 121.46 20 railroads 24.33 25.41 24.30 25.20 15 utilities 18.77 19.45 18.70 19.30 40 Bonds. 1.18, stocks Bonds Industry i Irvin s. Faity . Of Toronto who was elected presi Dent of the Canadian transit association at the concluding session of the thirty sixth annual convention held in Hamilton. Canadian markets will close thursday All major Canadian Stock Mark Els will remain closed thursday june 13, in Observance of the King s birthday. Trading will be resumed As usual Friday morning. Winnipeg s Stock Market will Fol Low the Lead of Eastern markets and observe the birthday by suspending trading for the Day. 143 Afton Ajax Alia p. Con. Alderman . Gold Ang. Can. Ang. Hur. Arntfield Ashley Astoria q. A nor bag Mac Backfield ease met. . Beanie bid. Kirk. Big miss. Bobo Bralorne by. Treth. Brown Oil Roulan Buff Ank. Bull. Car. Bunk h sex c. And e. Cal. Oil can. Mai. Caribou g. Castle t. C. Pat., cd Cen. Pore. Chester. Toronto bin Sham Mckay Ltd net High Low close change 3b 5via of 16 i so 52 5b 2b no i 14 4b bib 37 360 10 125 110 117 33 355 12a Job is i a Loda 13 4 i 810 la 37 360 ibb 57b 170 161 50 Chrom. M. S. 20b 47 coast c. Coch. W. Con Aurum com. P. Common Dat. Oil Davies p. Denison dome Dora. Sis. East Crest East Mai. Eldorado ext. Oil Falcon. Fed. K. Fernlund Foothills found. P. Franco cur Gil. A. Glenora god s l. Go Dale Gold b. Golden g. Goodliss grab. Grandora Gunnar Hal. A. Hard Rock Larker High. S. Hollinger hotel o. Homestead Howe g. . M. S. Int. Nickel 100 40 110 17b 18b 170 a 2sa 100 40 110 25a 223 41 fib 225 2h 2h 43 7 210 38 17 4 18 220 40 of 10 21 4 hib 27b 40 7 153 lib 7b 3b to. M. Cons. Tacna Jellicoe Kerr arid. Kirk. . Kirk. Lake Kirk. Town. Lake Shore Lamaque g. 570 Lapa cad. R Lebe Oro i1 Leitch g. 481 Little . Macassar Mac cod c. Mad. . Cd 27 Malar. Gold. Mandy m. And e. Al Aralio Mclntyre a. Mck. R. A. Mcvittie Mcwatters mining in. Model Oil Vio Narch Ioneta Morris k. Murphy Nat. Pete Nabob Lovi 165 148 22 i 21 33 30 in 1 67 h 4a Loa i Lovi 151 4 2 i 26a 22 i 1 4a 7a 150 a i 20a is h 570 255 248 119b 25 64 Noranda Nordon up. Kor Metal o Brien Oil Schlec. Kalta Omega Oro Plato Paralta . Pore. Pandora paymaster p. Orcille Perron Pickle c. Cd 2go Pioneer g. 170 p. Rouyn 90 p. Royalties Premier Preston . Reno Robb Mont. Roche . Royality Zbib 40b 35 27 lab fib 45 2b 1v, 4 is 2b m 50 48 4 30b 70 65 50a 225a 250 j 2 130a 25 3 65 h 5 7 is 25 3v, 35 23 167 116 70 14 05 j 7 8 via 27 Soa 50 2 4 33a 5 2 via 75 147 106 245 12b Sib 16b 93 3a 23 166 115 250 170 80 2% 21 10 3 10 St. Anthony. San Antonio 145 6b 12 Sand River senator r. Shawky sheep cd. Sher. Gord. Siscoe Sladen m. Slave Lake Steep Rock Straw l. A. Sturgeon a. Sud. Basin Sud. Contact Sullivan Sylvanita 212 Teck h.300 20 z 9 140 150 Loa la 9 140 5 2 69 65 Temsik. 3va Texas c. O. 110 Toburn 107b towage Mac lib Uchel g. United Oil upper c. Ventures Waite a. Wendigo Wiltsey c. Wood cad. Wright h. 85b 73 75 25 2vib 132 120 4 3% 10 120 110 4vib 52b 205 200 32b 3b 6g 65 210 205 330 320 Xvi 7 vib lib 530 515 12 Ilia s3a 72 8 65 125 i. 5 10 j i 110 5 s a Goa 210 j 5 295 3vi 110 14a 40a 5a 65 205 320 8% 2a 13a 520 sales 1500 1500 4400 8000 2000 90 Eoo ii 4900 1600 Eon 400 Ioco 1500 600 400 1000 630 Ioco 670h son Lood 1000 1000 50 Laon Ioco 6500 4200 865 3540 1500 730 2130 3000 1400 400 620 43g 400 4600 300d 2700 200 2340 400 Toop 3000 3000 800 390 1000 2010 700 3500 1500 3500 Laon 4425 2800 1425 300 2500 1500 1400 6630 625 1500 6460 2500 2500 1200 750 1200 100 200 Montreal Osier Hammond Nanton open High Low Alta. P. Grain of. Soua. Assoc. Brew 14 Bathurst a ill Telephone Azilian Power 23vi. Power 2b silk 4 i building products 14b Ian. C. F 7v4 1 in. C. F. Pad. 17 m. Cement pm. 4 in. Cement pad. 80 m. Nor. P. Com. In. Nor. P. Pad. In. Steam com. M. Steam pad. In. Ind. Ai. A in. Ind. A a Bronze com. b b Dom. Textile pm. 72 Dryden electro Lux Oun. Co. Of c. P. Com. Jen. Steel a. Sen. S. A. Pad. A third cabs. Gypsum. La a. Lam. Bridge my. Tobacco it. Nickel it. Power Lake w. Mag. ?._. Harris har. Pad. Mccoil front brew. Nat. B., Nat. Steel car 40 i 46 Ogilvie " inmans 54 Jower corp. 7 7 Quebec Power .14 t. Law. Up. 2 a 3 t. L. A. Pad. 12vi 13v Shawinigan 17 17? her. A. 7b Mith. A. 14 Teet of can. 65b Teel. Pad. 62 i. C. Power i. C. Power pad. 98 i 99 mpg. mpg. Elec. Pad. 110 v. Grocers g5a 3300 1410 loan 3000 Golden Gate Toronto june 11 up the port of Golden Gate mining Cor Pany limited Swastika Day for the 14 months ended apr 30. Showed net profit of s3.705 of All charges compared with for the nine months ended feb 1939. Foundation co. Of Canada de quarterly common 25 Cir payable july 20 to share Holo of record june 29. Security markets new York stocks climbed As As four to nine Points wednesday As Wall Street saw Hope for the defence of Paris and prospects of Long Range improvement in United states Industry. Transactions totalled about shares. Such War stocks As steels aircraft chemicals and motors remained in the Vanguard throughout the session. Among the Best of the leaders were . Steel Bethlehem Inland Douglas Wright aeronautical Glenn Martin Westinghouse Dupont Johns Manville american smelting Phelps Dodge american Telephone pressed steel car Norfolk and Western Santa be . Central american Woollen and Phillips Petroleum. Toronto the Toronto Stock Market moved ahead wednesday Index gains up to three Points. Some individual advances widened to 5 Points or More. Aggregate turnover was around shares com pared with yesterday s shares. War stocks registered the Best response to the improved sentiment particularly the steels senior oils and foods. National steel car touched 46v z and closed around 45 for a net gain of 6 Points. Massey Harris preferred firmed 4vi to Simpsons preferred added 4, Canadian celanese added 4 Points and gains of 2 to 3 Points were held by Dominion foundries Canadian car preferred walkers common Goodyear tire Cosmos Mills walkers common and Canada steamships preferred. Montreal newsprint and rails continue to Pace the Stock Market in late dealings wednesday although other sections were firm. St. Law rence corporation preferred and St. Lawrence Facer preferred tacked on additions of two Points to four Points while advances of a Point or More showed for Howard Smith Price Brothers and Bathurst. National steel car scored More than six Points. International Nickel. Smelters and Hudson Bay mining received support in base metals and firmed one to two Points. Heavy shipments to . Washington june 12. United states Commerce depart ment announces that Gold import attained the unprecedented total last week. The listing showed from Canada from tic United kingdom fro India from Africa and from Switz land. Some German Gold was reports for the first time in months amounted to Only Silver imports totalled including from Canada. Winnipeg Beaver fire ins. Beaver lumber pfd., Beaver lumber com. Can. Airways can. Am. Trust june 11 101.00 2.00 2.so 3.a 9vi 149 lob 97a 6a 12% 2 i. Celanese pm. 24% l. Celanese pad. 110 24% converters an. Pac. By. 3ns. M. And s. Ack Shutt plow of. Bridge do. Steel 41i 5 32% 32% 32 i 6a 24 24 to a set 78 5 33b 3% 4 4v, to treat Power 30vi 32 16 3v 27vi 28 5vi 28 3% 30vi close 3v. 150 15a 8 17 4 80 12 a 2 3 271-2 110 Iga 32 i 24 3% 13v. 32 40 vie 12vb 17 Toronto industrials Gingham. Mckay Ltd open High Low brew.115b can. Brew pad cd 25 25 24 Burlington St. Cd 8b can. Packers cd. 71 can. Bud. Brew. 5b can. Canners cd 5b. Canada bread can. Dredging cub aircraft 95 can. Vinegars 5b c. Gen. Elec. Cd. 2b cons. Bakeries cd. Consume. Gas cd. 151 a 3om. Woollens 80b Dom. Stores. Suitable life 3vib Anny Farmer cd Ord of can. 16 16% Corge Weston cd lob Goodyear of c. Cd. 60 Gypsum l. A. 334 j. Walker com. 3hi i. Walker pad. 17 Velvi Nator of a 5b Aura Secord 10 10-Li Oblow a 22 Loblaw b 21 Traple Leaf 2vab Foore corp. 36 37 Ante Hoto engravers Invar ogers Majestic 175b land. Paving 50b user test Pete Oronto mtg. Cd. Walkerville 65b United steel 3% 3vi a can. Hour 2 close 170a 24 71 6a 7a 5a 15a 95 is i 155a 300a 2u2 Ingvi Lla 60 .1% 31% 17 10% 22 21 37 3% Irida 40a Montreal curb Cosler Hammond Nanton open High. Low 100 5 2 i 7 4 24% 22 5 close 110 5 17 1 a 150a 24 i 3 4 via 22 i 20 5vi 4vi 4vi 15 16v4 7vi 10 3hi 150 158 common 100 111 pad. 5 5ii Asbestos 17 Bathurst a. 3cauharnois a Var. 4v 4 4% rowers St Lars. 3.a. Oil ivs 17 3.c. Packers 11 lib an. Brew. Loob can. Brew. Pad. 24 Anada malting an. Vickers 2va 3 can. Vickers pad. 7 9 a Ian. Wineries 3vib ions. Paper. 43a Ian. Dom. Sug. 243a 25vi list Lars. Seagram. 22 22y4 Dom. Engineering 20 Dominion tar 3% 4 Jona Conna a. 5 6 Naconna b. 4vs Dominion stores 4a Leet 4 Ore Gri Power 15 a. 16 16 a Raser co. 7va Raser voting t. 9 a Lovi Iram Walker com. Hiram Walker pad. Home Oil 150 153 Hydro elec. Sec. 2vab Imperial Oil. 10 10 it. Petroleum 15h 15% 15vi it. Utilities b. Lib 25a be sulphate 75b Belchers com. 150a Belchers pad. 3-ls Price Bros. Pad. Lvi 13 Hal 12 Quebec Gold 3ua Reliance Grain 5a Robt. Mitchell 7vi 814 7vi 814 Walkerville brew. 75a foreign quotations London june 12. A British Stock closings in Sterling Austin motor a los 3d Babcock and Wil Cox 36s boots drug 34s cent. Mining Consol Gold Fields 30s court aulds 26s 6d Crown de Beers East Geduld h.. 18s 6d mining Trust is 6d Rand rhodesian Anglo Amer. 13s 3d rho Ana Springs 21s 3d Vente Spost 22s 6d Vickers 12s West Witwatersrand Bonds Brit. 2% per cent con ols Brit. 3% per cent War san Brit. Funding 4s 1960 in few ukr James Richardson sons High Low close change air reduction 38 Alleghany Lud. 22-51, 21vi Allied cd. D. 146 144 146 4% Amer. Can 03 90 i 93 a 2 am. So. I ref. 36h 2 a Amer. Tel. Tel 159 154 158 6 am. Tobacco b 74tn 1 Anaconda cop. 21ta i i Alch. T. S. Be 17 18 Bendix Avn. 29% 2b a Lii Bethlehem St. 75 72% 75 4 Boeing Airl. Co. 15% 15 15% i a Briggs mfg 17vb 16% Ivi Chrysler corp. 63 53 4 a cons. Edison by 25% 24 i 25 my 1 Corn prod 47 i 45 a 47 a 214 Curtis a. S5a- Index nil 120 66 invest. Fund Corr. Paper Box pad. Crescent Cream pad. 8.00 Dom. K. And c. Com Ujj Federal Grain pad gig Federal Grain com. Fund. Trust a 4.00 fund. Trust a 3.60 it. West life Assur 25g re it. West Sadd. 6 . Pad. It. West Sadd. Com 2.50 grouped income 4.jj Home inv. S. Assn 13.00 Mon. Life 10 , paid 25.00 27 m nor. Can. Mage. Pad 5.00 Northern Mage. Part paid 1.25" Star Oil pad 3.00 North Star Oil com Jujj Reliance Grain pad go Joe Reliance Grain com jew Sov. Life 25 . Paid 12.00 traders bldg. Assn United Grain Crow 5.00 West breweries 1.40 -j.s5 West. Grain pad West. Grocers pad 106.00 West. Grocers com West. Steel products 6.75 7 71 wings Ltd 18 wings v. T 58 mpg. Elec. Pad mpg. Elec. A l. Doug. Air. 76 5% Dupont 159 154 158 8h Eastman k 125% 121 Freeport sul. 31 28 28 in. Gen. Elec 31% 30 in Gen. Foods 40 a 39 a-1 Gen. Motors 44% 41 i 2 "4 Goodrich co. Lovi Llva of Goodyear tire 14va l int. Harv. 45 42 Johns Man. A. 49% 46si Kenn. Cop 28% 28 28 a Low s inc 25 24vi Mont. Ward 39 35% 39 j 3 Nash Keivin a Nat. Biscuit 18va 18 18 a . Cent. . 11v2 11 it in n. Amer. Avn. L i Owens ill. Glass 45 43 45 2va Fenn. 18v4 proc. Gamble 57vb 56 1 Fullman co 213.a 21 i5e radio corp. A 3i Republic steel if ivs Safeway stores 40 39 Sears. Roebuck 68 a Simmons co. 147-a 14 Socony vacuum 9 i a s. Porto Rico s. 21js 21v a a Sperry corp. 42va 40va 4li-2-i 1% stand. Oil of . 37vi i Texas corp 39 37 a 2 Texas g. S 29 a 29 a i i Timken r. 41 a 40 Union Carbide 67 63 a 67 Unior 76 75 a 76-1-3 United air. 44% 1 United corp. 1% iy2 United Pruit 64 63 a 64 a 1 . Rubber 18% 17% 18 j a . Steel 52 a 49 3% Western Union 17 6sa la West. Al. M. 89 Woolworth 31 i 3014 31 11 ., 320.000 noon. 1 . 980.000 2 ., total electric a 1.10 it Salei transactions wednesday after Nova june 12. 1940. From z to 12 Western 100 at 6.75. Mines James Richardson to is june 12, 1940., bid ask cd Albany River. Old 8 it Lake 214 3l Patricia 1 1 flin flon i Oil 4 Dufault 13 17 foreign Exchange Montreal june 12. Up British and foreign Exchange nominal rates Between Banks Only China Hong Kong dollars 2644 Consol. 64i 1 6ll Magnet Lake 12 1 11 j red Lake 4 Bird 3 4 Hall new France franc. Unch it. Britain unch Japan yen 2605 unch Malartic 24 b Augareta 20 rib ago Ai Switzerland franc .2490 Ooola ., Dollar 10-11 . Prem. F 314 Ope Miska 4 Malartic 3va 2 Exchange rates at 2 . At Montreal Pound buying 4.43, Selling 4.47 . Dollar buying 1.10, Selling 1.11 franc buying Selling 2.53v4. At new York Pound 3.77 franc. 2.16 Canadian Dollar at closed. In Pound s2.42 -. Dollar 61.06 cents Canadian Dollar 55.06 r. 36 31 Poi arts 13 s mines 80 35 Lundmark w Lons Lac 33 w hed Lake -2 4 Canadian Pacific Montreal june 11. Up increase of is reported by the Canadian Pacific railway in traffic earnings of for the week ended june 7. Compared with in the corresponding week last Pat old 31 4 averages Mills Spence co. Ltd june 12. 1mo. Prev. Today 35 Dom. And prov. 97.27 97.55 -3 Short Canadas 106.00 106.m Montreal Copper Montreal june 12. Spot Copper electrolytic 12.75 tin Lead. 5.50 Zinc 5.65 Antimony 15.25 per 100 pounds . Montreal five on Canadas 9s.17 99.1j Dom. Guarantees 106.05 106.05. Eastern prove 99.40 99.40 prove 87.10 87.30 richest Man in Babylon tells his system for j Money a card or pj55j j Call bring you t Foft copy of this Book. The univ Fml to Auu Nim a am Hych sos Paris blk. Toronto Stock averages Mel adv. Sellers i co. Ltd. 20 industrials 92.71 up 3.s5 21 golds 82.61 up 2.60 10 base metals 61.64 up 1.96 15 Western oils 20.04 up .82 total sales i business trend big business is becoming less and less an expression of the efforts and Genius of individual men for one thing it is too big. Its Success today depends on the effective co ordination of Many different types of ability. The modern Trust company handles estates on similar lines. 4j when you appoint the Toronto general trusts youf., executor you reap the Benefit of the combined prac tical skill of its officers who have had Long training in All the various aspects of estate management j group discussion and group judgment ensures the j exploration of every question that arises i in carrying out your will and makes for prudent and i far sighted decisions. We invite your inquiries f the Toronto general trusts j corporation Winnipeg office Portage Avenue at Smith managing estates and trusts since ;