Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 14, 1940, Winnipeg, Manitoba Page fourteen Winnipeg free press Friday june 14, 1940 Grain Early losses reduced Winnipeg open july oct. Dec. I. Minimum prices july oct. J acc. I i july ocl. J . A stronger trend in the Chi a Cacao Market was reflected in Winnipeg wheat trading on Friday when local prices made moderate recoveries from an Early decline which had de pressed prices to around mini High 75-% 76-nb Low 71-is 74 75? 4 close Juire 14, 1340. Prev. Last close year 62b 78a july oct., . 63% Grain Kex Chantze Winnipeg. June 14. July ocl. July ocl. Dec. 3 1 28 31 Ien 163 31 s s 36 163 47 us 23 v. 27-% a 34 i 354 36 4 4fi a 43 c 28v4a 3s-r 3rn 365sb ls7b 161 4fi-Tib 453.sb 30b to 163b 30% 29 h a 38 h 38 k 38 a 44b 48 a mum Levels. Final were 1 in to lower with the july at while Noj Export business of consequence could be confirmed resting or Ders were attributed to Over seas account believed connected old sales. Rally from Early losses of around i a cents was in expect Chicago we heat Jelly sept. Dec. July sept. Dec. July. Open 77 i to 77 78vifo.75 High 80 81 63 014 59 Low 77 73 61 53 57 l 44 15 45 47 i Minneapolis Low High 77. Cd in View of War developments and favourable crop reports. Strength Rye in securities and advances in Otherl tily com Modilo markets however. A is Eft. Dec. Car Sci to Nave a constructive in inti Cnoc in Southern which were Aid to Piave been in a 1 Capon a Sivo condition in View of tie Sharp t declines on thursday and the Cip ated purchases by . Agencies for Relief purposes. I local values slipped off sharply in the initial stages with the j dark nor. 14 momentarily dropping to the mini mum and the Market evidently reflecting thursday s losses at Chi Cago and the Good rams in the Prairie wheat Belt overnight. Hedging pressure appeared More Liberal and accompanied by some nervous liquidation with some Selling also credited to con a Tinct Al account. Losses of Raci Rej Winnipeg privileges than two cents however were re closing Winnipeg daily privileges Ducco buying was uncover Friday. June 14 de on the recession. While part bids offers 31 30 2 43 45 close re Fig % 57-Ti a so s 43 i a 4.1 47 via tune 14. 1940. Prev. Close 78 via 78 Xia 79 via 59% a 58 a 57 a 33 via 31 a 44 in 46 a 48a close open 74 75 i t63- 78isb 76-iia- 78v2a Minneapolis Cash wheat close june 14 protein 58-60 ibs. Prev. Close n. A n. June 13 this support was attributed to con july overseas account Tinct Al and there w s some suggestion that Mills made minor purchases and commission houses were also on the buying Side in a mall Way. Dealings turned Dull after the Ini tial flurry and prices drifted irregularly but firmed when Chicago Caseri Early losses. Tho Buenos Aires Market was in a rut with noon values unchanged. It was noted How Ever that Argentine wheat ship ments for the week at bushels were on quite a heavy scale in View of the Small remaining supplies estimated by Broomhall at bushels. A Little 2 and 3 Northern was re ported taken by Domestic Mills in Friday s Cash wheat Market with Mill demand continuing Lor 4 North Ern. 5 wheat garnets special 4 and 2 durum and Odd cars coming out. In the Cash coarse grains Small in i Crest Only was reported in Oats and Barley with Domestic interests doing the bidding. In the coarse Grain pit. Fair buying was credited to Domestic interests in the Oats believed to be for Mills. Light commission House and local buying was reported in Barley. Prices generally were weaker in sympathy with wheat. 71s 73l.a october 74u 1 Washington june Cral surplus commodity corporation has asked Lor offers on wheat flour Over the week end in what May be the biggest order yet placed by the Agency possibly amounting to 2.000.000 barrels or the equivalent i of nearly bushels of j wheat. A North Dakota state crop report says that of june 1 crop prospects Are More uniformly Good than any year Sines 1928. The average state condition of All Spring wheat is 89 cent of Normal. A Little rain was indicated on Friday s Early weather map in parts of Illinois. Texas and Missouri. Other states of the wheat Belt re ported generally Clear. Generally fair weather occasional scattered thundershowers is forecast for the . Wheat Belt for saturday. Cash wheat spreads closing Cash wheat spreads Fri Day were no. 1 Northern Down cent. Chicago wheat rallies briskly Chicago. June 14 a i wheat prices scored gains of As much As 2ji cents and Corn Rose cents Friday As brisk buying developed in the trading pits Here. Expanded Market operations resulting partly from removal of the minimum Levels on Grain prices which had been in effect for almost four weeks were witnessed. Trading was at a brisk Pace at times. Much of the gain scored by wheat and Corn was retained until the close despite frequent setbacks and rather nervous Price fluctuations after the Early highs were established. Strength in securities and prospects of additional govern ment purchases of flour this week end accounted for most of the buy ing enthusiasm Argentine shipments Pooh omitted pail. We. Prev. We. Last or who jul and x267 7.784 Corn .14fi 4.40s Oats 372 21 j8 Barley 73 m 13 Rye 16 201 wheat and flour shipments since Jan. 1 were compared to last year. Argentine visible Supply Folin Omi tedi past we. Prev. We. Year ago wheal old 3.552 Corn. 7.5t4 7.d87 Broo Ruih estimates the exportable sur plus of wheat remaining in the Argen Tine thit week at 25.148.000 bushels against bushels the same a year Aco. Corn bushels. Against 103.b37.000 bushels last year Oats. 14.201.000 Barley. A bushels Ana Rye 4.157.000 quotations closed Fri Day As follows Winnipeg ii to cents lower. Clip Caff Ito Lis rents higher. Imine Annlis. To us cents lower. Buenos Aires wheat previous , thursday unchanged. Open Friday unchanged. Noon unchanged. Buenos Aires flax noon. Incl ranged. Lionel e. Wood h. Ii. Gray president of West Ern life Assurance company la Miltun. Has announced the appointment of Lionel e. Wood provincial manager for Mani Toba. Tins appointment Mac by or. Gray on a recent whohrou8h Lac Vest u in Peg Branch office june Var a representative of the confederation life . Having been for to his Bond quotations investment dealers Assoc. Of Canada june 14. Dominion of Canada 5 . Oct. 13. 1943 1c 108 4 . Oct. 15. 1943-45 105 . Oct. 15, 1944-49 Ici . Nov. 15. 1948-51 c 4 . Oct. 15. 1047-52 Fol. 103% 3 . Tune 1. 1053-53 Fri. 94vi 4 .4 . N of. 1. 1948-58 cd . June 1. I956-6c Ici 1s i . Perpetual i Oom. Of Canada t . Dec. 15. 1930-43 c . Feb. 1. 1s54 ii4v4 41i . June 15. 1955 4v4 . Feb. 1. 1956 incl lit "2 4vi . July 1. 1957 Funi 111% . July 1. 1859-44 Coli 111 i 5 . Oct. 1. 1969-49 inti provincials province of 4 . Jan. 2. 1950 c . Dec 15. 1356 or 5 . Lime 15. 1954 is i can. Pc. 3 . Oct. I. 1945 cd Svi . Feb. 15. 1951 cd Oovi cons. . Jute 2. 1961 Federal . Aug. 1. 1949 Cal Gatineau 5 . June 1. 1949 o 3v, . April 1. 1969 a 91 Gypsum. L. And 5 i . Mar. 1. 1948 1c 9b7i int. 6 . April 1. 1944 Cal Massey . Mar. I. 1954 in 79 Minn and ont. 6 35 Macleren Quebec 4 . Inv 15. 1959 Ici 8bu w. And 4 . April i c 94 i unite i Grain 5 . Jan. 2, 1948 87 Wpc. Electric re. 4. 5 . Jan. 2, 1965 63u 109v a 106v4 100 a 105% 96 97% 116 113 113% in 91 As Loo i Loami 104 97 104 41 102 103 b4 52 94 Loova 93 92 64 s3 38 92 Bond ave does Mills. Spence co. Ltd june 14. Prev. Today change 3fi Dom. And prov. 97.55 97.55 Short Canadas Lone Canadas 09 17 99 17 Dom. Our Anteos iofi.03 Sast. Provincials 99.40 99.40 West. Provincials s7.30 Aberhart says no justification for Price boost Edmonton june 14. Up Premier Aberhart of Alberta announced today the government s intention to set up a chair of Petroleum engineering and a department of Petroleum research at the University of Alberta that would serve to encourage further develop ment of Alberta s Oil Industry. The Premier also announced the government win give Early consideration to Tho recommendations made by the Mcgillivray Royal com Mission and recalled that during commission hearings Over a 15 month period gasoline Price reductions made in Alberta resulted in an. Estimated saving of annul. While the commissioners or. Justice a. A. Mcgillivray of the Alberta Appeal court and major l. R. Lipsett have not been Able to recommend any further decrease in present prices the government will continue to keep a close Check on costs and profits in refining and marketing. The posting company Imperial Oil. Limited is being notified that a further reduction in Price is expected to be made at the earliest possible moment said the Premier. The government finds there is no justification for an increase in the Price of crude from to s1.28 a barrel As recommended by the commission said or. Aberhart. This increase would single out the producer As the sole beneficiary of the whole of the savings totalling eight cents barrel brought about by Tho reduction in pipeline and loading charges made july 3. 1939. The commission in an interim report last year recommended the reduction in pipeline transportation from Turner Valley to Calgary and loading at the Calgary terminus Benefit to people promised the government will undertake to do whatever is necessary to see that a greater share of Benefit accrues to the people of the prov Ince from the development of our Petroleum and natural Gas re sources but at the same time it is prepared to permit a fair share of the aforesaid saving to be passed on to the producer for 1he purpose of further encouraging development. The Price existing before appointment of the commission must have been a fair Price As it seemed High enough to provide an adequate incentive for development and Dis placed american crude in Alberta and Saskatchewan he said. The research Council of Alberta under direction of the minister of Trade and Industry has had the matter of standards for Petroleum products in hand for some time and the government intends to submit the proposed standards to the Industry before putting them into Force the Premier continued. Additional duties for the. Petroleum and natural Gas conserva Tion Board also will be Given Early consideration. These duties have to do with observation of All branches of the Industry including production refining and marketing. Few York hide futures James Richardson and sons june 14, 1940. High Low close March 10.87 10.87 sept. 10.45 1025 . 10.20 10.50 Lois. Dry fed cattle in demand stocks Bonds Industry i Union stockyards Winnipeg and St. Boniface. June 14. New arrivals at the Union stockyards up to 9 . Friday consisted of 55 cattle 45 calves 60 hogs and 25 sheep and lambs with an additional 45 cattle showing up during the same period on through Billing. Apart from a few scattered de liveries coming off trucks there is nothing further reported due to arrive in the Yards today by rail. Buyers were out on the Market this morning looking for a few dry fed cattle but otherwise there was very Little action in evidence for the scant receipts. The demand for cows has Slack ened off considerably compared with the brisk inquiry earlier this week and while the better end of the cows on the dry fed order still Are commanding fair prices. All Plain to medium Grassy cows Are under pressure and Are wind ing up around 50 cents lower. The calf Market was reported on a nominally steady basis Best hand weight dealers Selling at a top of with the balance of the calves Saleable mostly from so to s7.50. The hog Market held in line with earlier sessions Bacons Cash 1 Laski Etc ing at 57., 5, fed and watered or equivalent to 510.35 on a rail basis. The Lamb Market was featured by Short supplies and the Trado looked holding Light lambs cashing at s8 and be Low. Outside markets St. Paul 2.000 cattle Trade Rul ing generally steady. Only two cars of canadians on offer. Chicago 1.000 cattle Market Security markets new the Stock Market turned bullish Friday As an optimistic Brand of Domestic business prospects More than counteracted War news. Steels led the rebound after a hesitant opening. Gains ran to 5 Points or so for favourites at Tho Best. Stimulating was word from London that the British would go All out to push the offensive and would release funds allocated Lor future years for the immediate acquisition in the United states of anything that could convey or fire explosives. Montreal the Stock Market continued easy in quiet late Trade Friday. Rails and newsprint remained on the downward Side As fractional losses were marked up for c.p.h., Canadian car issues Dosco Price Brothers Dryden and Bathurst while National steel car and St. Lawrence paper preferred backed a Point or More. Shawinigan Slid More than five Points while Montreal Power and brazilian were slightly easier utilities. . Power and Bell Telephone How Ever received some support and tacked on Small amounts. Toronto the Stock Market was rocked again Friday by the depressing War reports and prices weakened. All indices closed lower some of them As much As a Point in the Index. International Nickel and a few other inter listed leaders managed to push ahead to show minor net gains while other base metals along with the golds were mainly commission reports lower freight rates needed to boost Alberta Oil sales about steady Good lambs at a lop of sin and plainer Cne rally steady offer. No canadians on livestock 0 donations n Sincli Yards is. Boniface Mau june steers lip to Thoice Good . Over Choice Good i. Led in m to Omar a Choice. Good tedium common in Choice medium a medium common canners and cutters Ood common Stocker Ood tedium o Mon Stock cows Ood. Tedium common milkers. Springs veal Ood and Choice common and medium select Bacon 7.it 6.25 5.50 sr.50 7.75 7.00 6.00 5.00 s.50 4. In 4.50 3.7, and feeder 6.00 5.00 4.50 and 4.75 4.no 3.50 40.00 7.00 4.30 s.50 5.75 6.50 1.00 head Premium 7.75 7.75 1.50 head discount 6.75 fi.7.i 3ac-onbutchers. Cavy a heavy 4.75 Ikhlas and feeders 7.25 in tvs is o. 1 4.25 sows no. 2 to 3.00 tags. 2.50 Rood Spring 20.no 6.00 Good heavier 3.00 Ood Hancy Wirht 4.00 common 2.00 Winnipeg quotations As at 12 noon Friday june 14. 1940. Bid asked Leaver fire ins. 75.00 3eaver lumber Fri. 101.00 Leaver lumber com. 4.00 airways 2.00 can. Amer. Trust 2.90 3.20 can. Fire ins. 80.00 can. Indemnify 120.00 can. Inv. Fund 3.45 Corr. Paper Box. Pad. 57.50 Creamery pad. 3om. End. Car., com. 7.50 Federal Grain pad. 26.50 31.00 Grain com. A 1.00 fund. Trust a 4.on fund. Trust b 3.60 r. W. Life Assance. 250.00 i. W. Sad., b . Pad. 30.00 w. Sad., com. 2.50 grouped incomes 4.85 Home inv. Sav. Assn. 13.00 Monarch life. 10 . Paid 25.00 27.00 can. Misc. Pad. nor. Mtg. Part paid 1-25 Northern trusts. 6.00 North Star Oil pad. 3.00 North Star Oil. Com. 1-00 Reliance Grain Ltd. Reliance Grain com. Sov. Life. 25 . Paid 12.00 traders Bluff. Assn. United Grain growers .1.00 in. Breweries 1.40 w. Grain old w. Grocers pad. W. Grocers rom. A. Stool products wings. Ltd wings v. T or Jar. Flee., pad Woff. T acc. A mpg. Elec. B Ine of is 550 1.10 54.00 Psi. 7.0u june 14. 1140. From a to 12 Monarch at 35.00. At 1.75. Grain an Flo Canadian Phillips in. Of i 500.00. 1 Gros cent Ai Winnipeg Cash prices these prices Are always the quotations on Cash grains at the time of closing the future Market and refer Only to in store at fort William and port Arthur. June 14. 1 hard Iva. No. 1 Northern no. 2 Northern no. 3 Northern 65 a. No. 4 Northern no. 5 wheat 59 a no. 6 wheat iced wheat 53vi, no. I Garnet no. 2 Garnet to. 3 Garnet no. 1 hard Tough no. 1 Northern Tough no. 2 Northern Tough 653a, no. 3 Northern Tough no. 4 Northern Tough 60v4. No. Ough no. 1 Northern smutty 67v to. 2 Northern smutty 64v4. No. 3 nor Hern smutty no. 1 Amber durum no. 2 Amber durum no. 3 irn bar durum no. 4 Amber durum no. 1 White Spring no. 2 White or urine no. 3 to. 4 special 63% White no. 5 Spring special a a. 6 special 57vi, no. 1 mixed wheat track basis no. 1 Northern screenings ton 75c. 2 . No. Sex. 3 . No. 3 . Sex. 1 feed no. 1 feed 30tk. No. 2 feed no 3 feed track grades no. 1 i How 35. No. 2 . 6-rom 35. No. 1 2-rom no. 2 . 2-Kow no 3 . 6-Row 33vi. Other grades no. 1 feed no. 2 peed no. 3 feed track 1 . 156. No. 2 . 152 no. 3 . 145, no. 4 . 132, track 1 . 46. Ifo. 2 . 4fi, no. 3 . Sci. 2 . 39vi. No. 4 . 331-k, track _ so Cost. Noranda and Hudson Bay dropped fractions and the close was Down for Waite Amulet Steep Rock ventures Sudbury Basin Pend Oreille and Toronto Bingham Mckay Ltd a c net High Low close change sales Acme 3b Afton 14fa 1 Ajax Alta. P. Con. 9b Aiderman Job 15 i 1406 . Gold 2 2 7oo Anu. Can. 52 50 1401 a our it in Arntfield a Ashley 2 6 ast. Que. 2h la Ainoi 101 101 s 1500 Sra Asaman Arkfield by base metals a i 11 11 3000 . 4b 5 be attic 85b bid. Kirk. I 13900 Bis miss. 51 Bobo 4ti 2000 Bralorne 810 805 810 350 by. Treth. -14b la Brown Oil 7 7 _ i 1501 Roulan 35 32 35 2 7500 Buff. Ank. 350 325 325 150 Buff. Can. 2a bunk h sex 11 c. E. 112 110 110 17 Ifilio Calmont ii 20b can. Malar 48 4b so Caribou c 1r5 urfi in Castle Treth 57b 59a cent. Pat. 170 160 164 1400 cent. For. Fia Chesterville. 45b Tida Chr. M. S. 2n 20 in. Sod coast cop. 50b 105a 35 .5 1201 con Aurum 105 105 5 140c Coin. Pete. I7b comm Oil 17b 25a d 1 3alhousie o 20b 27a Davics Pete Iri 15 is i 2 1166 a Eiidson 3b 4a dome is .17a 57u Dorval Sis 3a cast Crest 3b 4a sail Malar. 210 205 210 2750 Eldorado 45 45 5 700 la pension o. If if in. 1000 Falcon 200 200 340 fed. K. 2b Ter land 2b Root Hills 34b fins round. P. 7b a Francoeur _ 22 22 i Coj Gillies l. 4 a Glenora i a a god s l. .10 30 go Dale in in 2 Gold e fit 7.1 Golden g. Re la Joo fish la Graham b. A Brando a 4 4 Iron Gunnar 37 36 3fi 1 750 h a Crow s. La hard Rock Fis 65 s7 300 Barker 3b York James Richardson sons High Low close change air reduction 41 40 1 a a leg. Lud. Act. 22 Allied c. A. 14s 145 149 Amer. Can 95 94% j am. So. A ref. 40 38vi 38 1 am. Tel. Tei. Cd 155 155% a 2v, am. Tobacco Anaconda cop. 22vi 22 a a 1 at. Top. S. Be 16 14% 15 a Bendix Avn 29ss 28 29 a Bethlehem steel 77% 71% 4-i, Boeing Airl. Co. 15 14 15 i Briggs mfg 17v. 16 a Chrysler corp. 59% in cons. Edison . 2414 Corn prod. Ref. _ 47vij 47 4 7 a -4 1 Curtis a. Up. Doug. Air 79 75 1% Dupont 154 a 160 a of 4% Eastman k 128 125 128 -1 2 14 Freeport sul. 29% Gen. Elec 301, motors 427i 1% Goodrich co. 11 11 .4 in. Goodyear tire 14u 13vk 14 in. Int. Harv 46 1-v, cop 27% 29vi i1. Low s inc 24va 24 i Mont. Ward 36 i i8 i i Nash Kelvin 4 i 4or. Nat. Biscuit 18 s 18 i a 2 n. Y. Cent. A. R. 101-i North Amer. A. J83s if s 778-i owns Tell. Glass. 45 2 Penn. R. R 167, 1 Proctor Gamble 56% s7v4h .1 Pullman co. 21 h 20 21 v4 Rad. Crop. Amer. 4s, 4 i u Republic steel 18 1 Safeway stores 31 a 3914 40 Sears Roebuck 70 68 Simmons co 14 13ij 14 Socony Vallum 3s s. P. Rico sufi. 22 211. Sperry corp 403-s 41 4 .4 land. Oil o n. J. 33 it corp 54 37% Tex. G. Suph. 29% 29% j v. Timken Roll. Erg. 40 Union Carbide 67% 65% a Union Pacific 74h 1% United aircraft 4.v-. 42v, 42vi-j United corp i i in. United fruit 63% 83v1 . Rubber Iva 17% 17vi-l . Steel 54 534j Western Union in Westinghouse 91vi 881i 92 in Woolworth co. 31% 31 Lila sales 11 230.000 noon. 550.000 1 p.m., 650.000 2 p.m., 730.000 total curb Osier Hammond pc Nan ton open hich Low close a Itobi com 10n 105 100 100 Abl Tibi pad 5 5 Asbestos 17 17 High s Loa Hollinger Lulli 10 21 Horne Oil 155 149 153 7 3500 h. O. G. I 31i 4 Ivi 530 Lowca g. .25 25 200 . M. I s. 21-v, 21 b 21 a 55 1 n it. Nickel 30 32iit i 365 j. M. Cons. In Acola 4a Jellicoe 3b 7a Terr. Add. 150 140 145 g 2700 Kirk. . Lib ibs Kirk. Lake 75 75 .1 2011 town. 8h Lake Shore 38 is 400 Lamaque g. 525 525 45 Oil Lapa cad. Orvaa Lebel Oro i i 1000 Leitch Gold 45 45 200 Little . .200 200 400 macassar 249 245 245 7 1850 Mac. C 120 120 2 1600 mad. R. I. 2r 2it i soon Mai. G 63 i 62 62 .1 few. 4afl . Oil 16vz . Packers lib brew. Pad. 24 24 an. Malting 33a 3an. Vickers .1 .1 can. Vickers pad. S i cons. Paper 4 4 i 4 can. D. Sugar 25 is 25 25 25 disc. Seagram 22 22 Dom. Engin 20b Dom. Tar 4 4 Donnaconna a .1 s Donnaconna b 4b 5a Fleet 4 6a Power 15n Ford a 1bv2 Fraser co Eraser v. Trusts. Fly a 30 9 i sir. Walker com 30 30 Home Oil 150 150 Hydro elec. Sec. 2-vz 2vs Imperial Oil 10j-2 3 i Lov i in. Pete in 15 int. Utilities a. In. Utilities b 15b 2sa Lake sulphate 73 Al Oschers com. 150a Viel Chers pad .1 3 Price Bros. Com. 11 h 11 is Quebec Gold Ana Reliance Grain a Man. E. So la Vlara Tco in Mel. Pore ;