Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 17, 1940, Winnipeg, Manitoba Page twelve Winnipeg free. Press. Monday june Grain War news messes Winnipeg july oct dec open High 72 74 .-2 Low 74 close Prev. Close 75-b last year 751.2 minimum prices july october december 30 july oct dec Barley july oct dec july oct Grain Exchange Winnipeg june 17 wheat trading at Winnipeg 1 was a desultory affair on Avion i Day with he far reaching events in Europe overshadow Jing All other Market develop oct. To ends. Winnipeg prices dined sharply in he Early Trade the july touching the minimum while it Chicago heat ill la losses were close to seven cents j sept there were fair recoveries in dec. Rioth markets with final quota Linns at Winnipeg r so to leii11lower Rind the july at .71 i i dec. Export sales in Canadian wheat Over i he week end appeared j jul a confined n a few loads. Hough a Verscaj interests made Rye moderate purchases on recce a july Sions believer connected 30 34 i 33 i 35 so 35 a 160-w139 15fi 160 44 34 a a 34 15h2 3014 3494 35 Vuk 36a he a 151 a 46 3 in 44 he 44 a 31-ls 29v, 36b 36 a a ln8v2b 161v2 45 4 a 30% 29% 37 37 37% 142 45 a 47v4 old sales. Crop information Waymost i by favourable was ignored As traders j gathered in a discuss Thoj wheat situation but there was exc in ment end prices drifted with Citi Caso in the initial stage dec. More Lack of port than an. Important pressure was no. 1 dark nor., a Cuvier and n flurry of nervous commission House liquidation was also in evidence. Other Selling Oij a minor character was attributed to Southern interests in connection write Market spreading with Chicago. Dried up in first hour and resting orders from Export houses took the Slack out of the Market which drifted aimlessly throughout he session. A recovery at Chicago in the half also open 80 fil1. 4 ssh 5614s56 3014 30 1.-2 42u 46 Chicago High 80 Filli 59 i 56 3 3 1 30 i t 44 46 i Low close 74 74 75 30 30 u 41 43 i 77 Rig 31 a 120 a 30 3 Minneapolis open High Low 73 7fk so 73 75ss 77 71 75 i 73v, Minneapolis Cash i heat close june 17 protein 58-60 ibs. Prev. Close is 30 via 31 42 is 4 a Prev. Close june 15 a11nnipeg privileges closing Winnipeg daily wheat privileges. Monday june 17 bids offers aided a modest rally in local prices july some Mill demand reported in the Southern Market and an upturn in securities being reflected. The Buenos Aires Market rcflec1. Ing a Domestic Price situation and the. Negligible supplies remaining and other grades unchanged. For Export opened unchanged with noon prices unchanged to 7s conc higher. While was paid of statistical information it was noted that world wheat shipments had shown a Sharp decline Lor the week with Only bushels cleared against bushels in the previous North America s share of. The Trade according to Broom october 74 75 s Cash wheat spreads closing Cash wheat spreads. Mon Day were garnets i cent higher. While the movement of new wheat in Southern United states has been says the Chi Cago journal of Commerce most of the Grain that has come in has been placed in storage creating be Lief that a Large percentage of the crop will go under the government loan and that hedging pressure consequently will be much less than Normal. At the close of the week wheat quotations closed Mon Day As follows Winnipeg vie Loic lower. Chicago 2r pc to lower. Minneapolis 20ac lower. Buenos Aires wheat previous close unchanged. Open unchanged. N o n n unchanged to so higher. Buenos Aires flax noon unchanged. Hall was placed at j interest centred in news irom Wash bushels. Grain inspection cars inspected june 15 and 16 1040 Spring Man. Hard 3, 1 Man. Nor. 1106. 2 Man. Nor. J17, 3 Man. Nor. 30. 4 Man. Nor. 4. No. 2, no. G 1 no 4 special 2. Tough 42, rejected 3, no. 1 Garnet 1. No. 2 Garnet. Garnet 4. Tough Garnet 1. 1 am. Durum 2, 2 am durum a 3 am. Durum 1. 1 mixed wheat 1. Coarse grains . 15, sex. 3 . 23. 3 . 1, sex. 1 feed 1. 1 feed 9, 2 feud 3 Tough 5 no. 2 . 4. Brow no. D 5, 2 feed 2. Tough 1. Generally weaker Union stockyards Winnipeg am St. Boniface june Ove the week end and up to nine o clock monday morning consisted of cattle calves 1.450 hogs am 350 sheep and lambs with addition Al 110 cattle showing up on through Billing. Apart from Deli erics expected to come off trucks there is nothing further reported arrive in the Yards by rail. With supplies on the cattle mar Ket for the initial session of Thi week stepped up to some extent the Trade presented a rather unsettled appearance during the firs rounds monday morning with and Rassy material getting a poor reception from there were a dry fed Butcher cattle taken out of the arrivals which appeared to sell pretty much in line with the close of last week but the Trade apparently lacked the same strength which characterized the Market for Butcher cattle last monday and tuesday. The Supply of grass cattle largely to cows and stickers and while a fairly dependable outlet is expected to feature 1he Trade for re placement material there was a de finitely lower trend noticeable on cows which Drew bids anywhere from 25c to 50c below the closing sessions of last week. It is rather doubtful if very Many cows on monday s Market will be entitled to earn above the 35.50 Mark while plainer grass cows were not mov ing during the Early rounds and such kinds will have to sell much weaker in order to effect a Clear Ance. There were a number of very desirable Little cattle originating from the various boys and girls calf clubs on the Market and while these shipments remained in first hands up to a late hour it is expected any Good club calves will Merit fairly Good attention from the buying end of the Trade. The Hulk of. The club yearlings originated from Saskatchewan Points with shipments emanating from Carie j Vale Wilkie and Kipling. The calf Market apr frenily Over loaded and a weaker feeling crept into the Trade Best . Right dealers ing from s7 to with the Talanc of the calves largely from ?4.50 to sfi.50 tie hog Market ruled about in line week Bacons holding a 57.75 fed and watered or equivalent to s10.1. On a rail Prade basis. Sows were really Irrera grand mostly Frorer stocks Bonds Industry Ston to the effect that another j3 in monday s Cash wheat has been asked for cd 3 . Id 1. Mixed grains 1. Export houses Ware bidding for nos. 1 and 2 Garnet with Odd cars trading. Shippers were credited Domestic and. Export subsidy that an agree Sterit has been reached of beat. To allow agricultural payments with taking no. 1 Norr Nern. With to 100 per cent oniflax01. Excess of wheat and Corn As to a pared were also the 75 per cent allowed in the last or. 124 Morris w. Wilson president of the Royal Bank of Canada and a director of a number of important financial institutions and Industrial corporations who has been chosen to represent the ministry of aircraft production for great Britain in Canada and the United Stales. Toronto some gains in Canadian Bond prices Canadian Bond Price trends were Well maintained with improvement in some sections during the past week according to the weekly sum Mary of Wood Gundy and com Pany limited. Dominion of Canada direct guaranteed and . Long term issues remained firm and unchanged while Short term Ada s eased fractionally. In the provincial Section Long term Ontario s were firmer with i Point Advance showing in some issues while Quebec and maritime provincials were largely unchanged. Western provincial Bonds were somewhat easier with Columbia and Manitoba British Bonds Ajax . C. Yid Mac Gold . 10 by of 1 4hb i1 atm or Ingamar Sankfield base metals . Eattie i Sood Kirk 13 in Missouri Bralorne Truthy. 3rown Oil Roulan Duff Ank. Of Flo Unker . C. And e. Down Point while Saskatchewan and Alberta Bonds eased 1 to Points. In the High Grade corporation Sec Tion. Quebec Power Bonds were a Strong feature up two Points Mon Treal Power Bonds due were Gingham Mckay Ltd Strong advancing Ivi Points. Gatineau Power 3% per cent Bonds. High Low close change sales i and Mclaron Quebec 4 per cent Bones however were both a to 1 Point lower. Mccoll Frontenac Oil company i per cent Bonds were up 1 Point As were Dominion Coal company 4% per cent Bonds Massey Harris company per cent Bonds were off one Point. Increased activity was seen in . Convertibles with a gain of one Point. Grain elevator issues were quiet and inactive with Little change. Lower priced corporation Bonds advanced with the improve ment in listed Security markets and trading volume increased. Newsprint Bonds were up 4% Points while Burns and company five per cent Bonds were up two Points and Maple Leaf milling company Bonds advanced Iva Points. Hum. Igor Toria que. 2b 98 so 4 i 800 go 2 in ins Iab 40b cariboo1 Gold 185 57 Iso 145 10 4 12 Bias 735 la 31 4 325 2n 101 3 4 a 1811 143 n r200 1500 400 10700 45 Chrom. M. S. La Iob 104 17h 17b Coch. _. On Aurum of. P. To s5.50. The Lamb Market Narried n much weaker appearance with Early bids for goo d lambs being placed around is lower at a 1oo of 59. Outside markets 000 there i 27 routine Mill adjustments. A fairly existing Good demand however was re ported for Oats in the Cash coarse grains. Grades were 2 . Extra 3 . And 1 feed with Odd cars trading at cent better spread. The 2 . Was wanted it was believed for the new England Trade and the other grades for Domestic. A Little Low Grade bar Ley was in demand by Domestic Trade in the coarse Grain pit local and routine and aside from clo Uulu shippers taking a Little Oats there was very Little feature to the Trade lacking any. Substantial support flax dropped the 10-Ceni limit. Heavy rain occurred throughout Texas Over the week end delaying the Winter wheat Harvest. In the Northern and Central states however the weather was part Cloudy with Little precipitation reported. Thirty per cent the South Central Kansas wheat in is still states r. O. Cromwell. . Crop expert. The remainder is i Combine in four grand total 1720 contract Argentine probably will keep minimums Broomhall comment we. Reid co. Ltd the minimum prices in the Argentine Are As follows july wheat August wheat 70 july Corn 3134 August Corn 32v4 july Lin fair 1o Good and i Eady for the seed August linseed it cattle Trade opening Ven few fed calves to Amine from 1 to Al. Western s7 to s7.50. Indi weaker on Billing receipts unsettled no definite Price . Prep and receipts 340, Best. Nimbs m2_ a twp Good ranch a r to p7 to Good . Tai lit Odd tops to . C Recei Al nod s3. With ton ss.50. Fin if Ely to , Fod it Paul--4.000" Catir Tarket i Only one car Canna . Mar. 1, 1m2 Ici land . Oct. 1, 1imo Chi 921 Ives. Water 5 . May 1. Ln.32 Iceni. 10.1 industrials Abii Ibi Power to 5 . Juno 1, 4t Brown 5hr . April 1. Ut4fi Calgary Power co. H . Apr. 1. 13so s3 Canada Cement 4vi . Nov. 1. 100 Canada 5 . Jan. 2. 1957 i 88 Canadian Pacific .1 . Oct. 1. 1545 i r2 . Feb. In. 1951 i. 80 cons. Paper 5v-j . July 2. 1961 Federal Grain g . Auk. 1, 1949 incl Gatineau Power 5 . June 1. 1349 Fol 97 it . Apr. 1. 1969 Ici. 90 Gypsum. Lime f.-. . Mar. 1. 1048 cd 37 int. Hydro 6 . Apr. 1. 1944 Chi 6mi Massy Harris co. 4 i . Mar. 1. 1954 cd 73 Minn. Ont. H . 33 Maclaren queries 4 . May 1.1 inn Turphy Catl. Pete. Maybob Nipissing Noranda Nordon cup. Normetal 3s5 in 24 a 22-% s 42 2 131 in b5 49 65 o Brien Oil select. Kalta Omen Oro Plato Paralta Paviour p. Pandora paymaster 22 Pend Oreille 145 Perron. 105 Pickle Crow 245 Pioneer g. Ifi5b Powell r. 30 Prairie r. 12 Premier 10 pres. E. A. 14 Renn 13 Robb Mon. Roche l. A. 3 Royality r go 1 a Floa a 2v 1 so 20a s 1 42 2 2 1500 1 la 5a 12500 2a 83 1 4h 2 700 200 90 201. 110 101 225 85 _ 5 5n 20u. 5 104 2.10 185.1 80 St. L9 in Avi n 131 125 r 13 r5 m 62 Anth. San ant. Sand r. R. Shaw key sheep c. Slier. G. Siscone Sladon m. _ 24 2f slave l. 2v, sleep r. 120 105 Straw l. B. 3 a Sturgeon r. 10 n Slid. B. 102 Ino Sud. Con. Sylvanita 200 192 Teck h. 265 245 Temiscaming 4 n 125 k2 20 tax. C. Oil Toburn uchi Gold United Oil upper . Venture w. Amulet Wendin . 100 100 in 200 b 300 vib 505 300 3 a 2 100 192 250 i Ion 100 12a 30 55 220a 3nn "700 1500 s150 400 ii too 60 2800 352.1 800 300 3050 500 200g Iono 7700 700 300 b50 2085 2000 1100 30 1050 400 850 60 a Tibi com. Abi Tibi old. Asbestos Bathurst b Beauharnois p. Brew. Dist. B. A. Oil b. C. Packers . Brew. Can. A. Pad. Can. Malting . Vickers . V., cons. Paper . D. Sugar. Dist. Up. Sea. Dorr. Engin. Dom. Tar Dom tar pad. Eona Conna a do Naconna b Fleet for Crim Power d a Sei co. I Aser v. T. H. Walker Walker pad. Home Oil Hydro e. S. C. Oil int. Pel. Int. Ulily. A Tut. Ulily. B in s us. Al Elcher a com. Al ciphers old. Price rom. Quebec Gorl Reliance Grain r. Mitchell Walkerville Bie open High Low close 95 i Iva Wihib 125 23 23 2b 2112 20b 4 Boa 4h he 4 4 a 35a 16 16 9 9 if i b 130 2b in in 151 tvs a 15b 50h 150a Lovi Lovi 30a 5a 9 i 14 15-v. 125 3v. 21 4. I 4a 130 3a Alt. P. Or. Alroma icel 7isb Asbestos Assoc. Brew. Bathurst a 25i, 2b 4% 13 Western wheat up High As 8 1-2 inches wheat in Manitoba is in fairly Good condition according to the Lith weekly consolidated crop re port issued jointly by the British and Northern wheat aver Bawlf Grain pad1gb Bell Telephone co. 148 brazilian . Power a . Power b Brulc silk building products . C. T f. Co. Can. C. F. Pad. Can. Cement com. Can. Cement pad. M . Pow. Pad. 97a Canada is. Com. 3 Canada is. Pad. Can. Ind. Alco. A. Iso . Ind. Alco b . Bronze Coin. 30b . com 26 . Celanese pad. 108 . Converters m7 . . . 4cockshutt plow 6a . M. So. Dom. Bridge 2.3 Dom. Glass com. Lesb Dom. Steel 71 Dom. Textile com 70 Dom. Textile pad. 1-m Dryden Eastern dairies electro Lux found. Co. Gatineau com. Gatineau. Pad Gen. S. W., com Gen. S. A. Pid curd. Chas. Gypsum. L. A. Hamilton Bridge Imp. Tobacco 143vi 147 5. Closi 147 5 London stocks j decline on Light Trade volume London. June 17 the French capitulation resulted h new losses in the securities monday but Trade came Almon Tai a standstill. Bargain Hunting devel i oped in several sections of the list but most traders waited for full suits of the French move. I severe declines were scored for Many industrials and pronounced weakness appeared in stocks. Prices for British govern ment Bonds were made on the basis of a one Point spread betwee bid and asked quotations. London quotations London june 17. A British Stock closings in Sterling Austin motor a 10s, Babcock and Wilcox 36s 3d, boots drug 33s. Cela Aea corp. Of am. Cent. Maini Consol Gold Fields 28s x. Court aulds 23s 3d, Crown East Geduld h.. 18s is London Midland Metal Box 65s, mex. Eagle 2s 9d. Mining Trust is 6d. Rand Springs 2fe Bonds Brit. 2vi . Consol Brit. 3te . War Loa Brit. Funding 4 a 1960-50 so i 23 30 to 24 50b by 4 in 4a int. Bronze . Nick i int. Gnu or Lake in. Rile Mas. Har. Com. Mas. A. Pad. I Tomt. Power me Coll front. Nat. Crew. Com. Nat. A. Bad. Nat. Steel car Silvies. Com. Com. Power corp. Price com. Quebec Power St. Law., com St. Law., pad. In 3 ?.-ib 27 a 15 so i 55a in i 1.1 r 27 America National elevator companies Ages from eight to Leight in Manitoba. Inches in in Saskatchewan growth generally is fairly even and stand fairly thick with weight averaging from 5v. To 8vi inches. Soil is in Good condition in Alberta with growth of wheat even and stand thick wheat averages from six to 5 a inches in Leight. Toronto Stock averages co. Ltd 20 industrials. 88.84 Down 3.33 20 golds 77.44 Dawn 3.62 10 base metals 53.04 Down 1.39 is Western oils. 18.75 Down .66 total Wall Street hour by holier Thomson Mckinnon the following Price indices supplied at intervals during All sessions of he 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 13.46. Rails 17.3 and utilities 20. Price indices for monday s session follow 30 industrials 20 railroads 20 utilities St. L. Paper pad. 27 Shawinigan 17 Sher. Wil. 7 Smith a. 12 steel Corn. Fir steel Ned. Fi3 s. R. Power com. S. C. Power pad. 99 inc. Com. Lob elec. Pad. N w. Grocers com. 60a 10 11 99 96 foreign Exchange at Montreal Pound buy 4.41 Selling 4.47 . Dollar buying 1.10, Selling 1.11 franc unquoted. At new 3.66, Dian Dollar .3014, franc unquoted in s2.42, . Dolls 61.0c cents Canadian Dollar 55.05 cents. Toronto industrials Bingham Mckay Ltd june it. Open. High Low com j . Can. Brew. Pad. 223xb burling. Steel . Packers 70 i . Bud. Brew. 5b . Canners. Can. Bread 2vab. Can. Dredging cub aircraft 75b car. Vinegars so . Gen. Electric 2b cons. Bakeries 13 cons. Gas. Dom. Woollens. Dom. Stores equitable life Job Fanny Farmer 22 223-i Ford of. Canada. 16 George Weston 10 10 of . Gypsum l. A. Int. Metal a Tiram w. Com. 3p4 Hiram w. Pad. Ign so Kelvin of. A. 5b Laura Secord 9b Loblaw am 21ta us Law a 20b Vaple Leaf. 2 Woore corp. 351-2 Pante Hoto engravers 15v3b. Rogers Majestic 175b Standard Pax ing 50b super test Pete. Toronto Mage. Walkerville 65b United steel w. Can. Flour 1 a 14s1 3251 4-.-a 40l 3 in evil b rown Mont c. E. Corp. 3alhousie last Crest Home Oil Liel Vood Narceo Vordon toy Alite exas Canadian Calgary oils a. B. Flett co. I june 17, 1s40, bid 6 13 101 is 138 4 1800 100 London tin London. June 17. Easy pot 10s bid 15s asked future 10s bid asked. New York hide Flitter is Richardson ;