Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 21, 1940, Winnipeg, Manitoba Page fourteen Winnipeg free press Friday june 21, 1940 3nu in Grain Exchange. June 21. War developments with All their uncertainties continued to wheat trading in Fri Day with most traders on the sidelines previous july oct. 7-i dec. 75 j minimum prices july oct. Dec. July i dec. July i and prices holding to. July closing in veils. 2cl. The july on the the session tical a this month were it to in open High Low close 74 s 73 75 i a 75 july. October 75 b Prev. Close 1w 74 75vs-a december 23 27 v4-b 29-ib 30b 27-ib 26 27-a 37 44 a 134b 137 45-Sfa 44a 44vsa july open High Low close 78 with the july at october finished at alive the minimum. E Usi Ziess no Pearell a just co 43prev. Close 78is 79 locks Bonds Industry n Photic i overseas interests Oats scattered purchases in oct her believed to represent. G2 59 23-sb 30 i 41- open High Low 76" close standi Point the Send Rains in Voli Iril in Manitoba it a bearish Lac Tor. Ilni y confined to involve is local the purchases of december. A in in the of nol. But it not it t Nis repro in a a old or scattered telling in Liu end of Tiv depressed this month c june 21 Minneapolis Cash wheat close dark mor. 14 i protein 58-60 ibs. Prev. Close 70 so 70 2 june 20 9 s Winnipeg privileges closing Winnipeg daily overseas crop was scarce but considerable in Terest was attached to a London Cable suggesting that British purchases wheat would con Troue without interruption de spite the recent Large Canadian Deal involving 50.000.000 bushels. It was pointed out. However that for the time Bents the United kingdom was absorbing Argen Tine cargoes originally destined for the continent. to Jan 21 i bids. Oilers. Information j october a Little 3 Northern bought by Mills in Friday s Cash wheat Market at is Cuni spread. Odd cars of 1. 2 and 3 Garnet special 4 and 4 Northern were also trading. In the Cash coarse grains occasional cars of Oats and Barley were being taken by Domestic interests. London. June 21. British authorities Are not allowing their recent huge Purchase of bushels of Canadian wheat to affect their buying programme and Are acquiring further amounts whenever of frs prove attractive according to i Reuters. Meanwhile. United King j Dorn stocks of wheat and other cereals arc being materially assisted by cargoes especially Argentine diverted from the continent. Wheat prices closed Friday As follows Ivins ipg unchanged to i Clint lower. Chicago cent lower to unchanged. Minneapolis. I to a cent lower. Buenos Aires wheat previous close Holiday. Soon unchanged. Buenos Aires flax soon unchanged. Chicago june 21. Crop losses in Nebraska and a complaints of need of moisture in the North West make the crop news a Little More varied than i will take damage of late but it news of More u heat coarse Cou Tkv marketing thursday year ado 1gg.ooo United states interests were the High Grade Oats but Only cars were being offered. Friday s Trade in the coarse Grain pit was a routine affair with a Little Domestic buying of Oats As the Only feature aside irom local spreading operations. Character to Odd 1 vestment buying of after j serious stimulate in any volume Prairie wheat now up 7 to 20 laches growth satisfactory wheat on the Canadian Prairies is up from 7 to 20 inches in height according to separate railway crop reports issued Friday by the Canadian Pacific railway and the Canadian National railways. The Canadian Pacific report follows in part general moisture and growth both considered above average and heat Corning into shot Bluchie in Manitoba. Alberta and Saskatchewan. Manitoba wheat varies from 7 to 20 inches with Alberta aver aging 8 and Saskatchewan 9. Nor where Mois in the season poor has benefited by recent Rains. Growth is Strong and vigor Ous Uncle crops everywhere Are of excellent . Slight frosts have done Little damage. Grasshoppers have done severe damage especially on grown on stub ble land in Saska Chc i says the Chicago journal of com my acc. The Well liquidated Posi Tion of the Market will make it responsive to enlarged buying when it does appear and while the existing situation does not seem to offer a great Deal of encourage ment to the bulls opinion prevails that when the Market has its next major move it will be pc a Ottawa june Dominion wheat coarse grains loadings 1.117 deliveries this year Union stockyards Winnipeg and St. Boniface june receipts the Union stockyards up to nine o clock Friday morning consisted of g5 Cuttle. 20 calves. 10 hogs and 20 site up and lambs with additional 40 cattle showing up during the same period on through Billing. Apart from a scattered deliveries coining off trucks there is nothing further in sight to arrive in the Yards during the Day. With the run of cattle for Friday s Market virtually in a hand to Mouth basis the scant supplies were sufficient for an abbreviated trading session and while there was nut a great Deal of Competition in evidence due to the fact that very buyers were out in search of mule Sellers reported a fairly is factory cleanup mostly at in a changed 1 ates. Tie calf Market was considered on a nominally steady basis Best hand weight veal cars earning from 57 to s7.50 and the plainer end of the drawing bids from s4.50 i so. The hog Market was barely Stab to insufficient receipts but the Trado was quotable it a steady basis Bacons ruling at s7.75 fed and watered or equivalent j to s10.33. Rail Grade. There was very Little doing on the sheep and Lamb Market owing the scant nature of. The receipts and tile Mere handful of Good lambs on g. S. Dodington. General sales manager for Western Canada flour Mills company Limi Ted arrived in Winnipeg by plane on Friday. Or. Dodington is holding a series of Conie Nerices with the company s executives throughout the Dominion. Toronto Bingham Mckay Ltd net Ilith Low close Chang Winnipeg closing quotations As at 12 noon Friday june 21. 1940, bid asked Beaver fire ins. 75.00 Beaver lumber pfd100.00 Beaver lumber com. 4.0c can. Airways 3.00 can. Amer. Trust 2.90 can. Fire ins. Can. Indemnity 117.00 ctn. Invest. Fund Corr. Paper Box pad. Crescent Creamery Ped. Dom. End. So car. Com Federal Grain pad. 26.00 fed. Grain com. A fundamental Trust a 4.20 fundamental Trust a 3.80 it. West life Assance. It. West saddlery pad. It. West saddlery com. Grouped income Home. Invest. Sav. Assn. 13.00 Monarch life pad. 25.00 nor. Can. Mtg. Pad. 5.00 nor. It Joe. Part paid 1.25 Northern trusts North Star Oil pad. 3.00 North Sfer Oil com. Reliance Grain pad. 60.00 Reliance Grain com. Sovereign life 25% pm. Traders big. Asan. United Grain growers 4.75 West. Breweries. 1.40 ii j 3.20 80.00 57.50 7.50 250.00 30.00 4.90 27.00 1.00 g5.00 5.50 54.00 5.00 7.00 60.00 8.00 offer were priced at s9 with plainer lambs cashing at s7 and below. Outside markets 200 700 4001 South St. Cattle mar Ket generally steady. Two cars of canadians on offer. Chicago cattle Market Roulan Uii. A Krte. 30.5b Buffalo can. Hunker 1000 in a districts. Early . Stool in out Well and is Corning into shot Montreal produce Montreal. June 21. Slitter. Que. I92 21 que. F3s que. 33 Scorel. Eastern a. Large. Que. Sex 1 feed 2, Tchah 1. Hew no. 2 cd to. 3 . 1. , . Tour 2. Wheat Oats Barley i feed 2, 2 feed 2. 1. To. 13. 3 . 7. 4 . Totals 1.036 41 11 189 44 20 23 i-2-i. Saks 92 scorn. 2p, 38 Kov. Sales tracts. 23. 500 150 boxes boxes que. Butter futures three . Con the Universal life Assurance a annuity co. Grand total contract most Menf Una .p.k., 592. 560 . Saturday Bank holidays Uncertain new York june 21. Api new York Clearing House association member Banks will meet next Fri Day to consider remaining open saturdays in july and August should an emergency arise. It was pointed out that if some unprecedented move in the european car occurred on saturday when the Banks nor Mally would be closed As permitted by state Law. It might place them in an embarrassing position. There have been practically no receipts for More than a week and loadings have been confined to local clearances which thursday amounted to bushels. Note circulation up Ottawa. June 24. Notes in circulation increased in the week ended june 19. The Bank of Canada said. Thursday in its weekly statement. Dominion government deposits decreased s4.402. 000 and chartered Bank deposits Bond averages Mills Spence co. Ltd june 21. Prev. Today Chancre Dom. And prov. 97.10 96.98 Short Canalas Lens Canada Dom guarantees East. Provincials West. Provincials 105.95 db.97 105.70 105.95 98.94 105.75 90.no nominal prices Only june 21. No. 1 hard 71. No. 1 Northern no. 2 Northern 07" no. 4 Northern no. 3 Northern no. 5 wheat no. B wheat . Feed wheat 52 no. 1 game no. 2 Garnet no. 3 Garnet go 1 hard Tough no. 1 nor. Touch no. 2 nor. Touzell no. 3 nor. Tough no. 4 nor. Rough no. 5 Toush no. 1 nor. Smutty 6mi. No. 2 nor. Smutty 63ni, no. 3 nor. Smutty no. 1 Amber durum no. 2 Amber durum ii. No. 3 Winbor durum fio Vij. No. 4 Amber durum no White Spring 60j.i, no. 2 White Spring no. 3 White Spring m a no. 4 special to. 5 special non. No. 6 special Ali i. No. 1 mixed wheat ,511 a. Track basis no. 1 nor. Screenings per ton 25c. 2 . No. Fax 3 cd no. 3 . 28n. No. 1 feed 2bv. 2 feed no. 3 feed track grades no. 1 c Eow no. 2 . A Row no. 1 . 2-Rov. No. 2 . 2-Rov Rex no. 3 . Grow 31 i. Other Trade cd. 1 feed or. No. 2 feed no. 3 feed 29 1. Track 1 . No. 2 . Losli. No. . 112, no. 4 . 99 track . No. 2 . 44v no. 3 . Rej. 2 . No. 4 . Track Mich Marcec Hollinger Home Oil h. A s int. Nickel j. M. Jacola Jel Ricoo Kerr and. K. H. Bay k. Lake k. Two. Lake so. . G. Laps a. Oro i Oil he g _ Little. L. I he cd shot. 115 in Ibsen . 23h a. Co Mandy Man. East. Mar also Mclntyre p. 7b Lovi 153 2b 22b i. Zit ?.l s3b 2b 5b 160 13b 80 s i 13a g Ida la la g2a 147 147 1goo 435 1400 we Stern Grain pad. West. Grocers pad. 107.00 West. Grocers Coin. West. Steel products 6.00 wings Ltd. In winks v.t.18 was. Elec. Pad. 7.00 wifi. A 1.10 Elce. A 2vi sales transactions Friday morning june 21 1.040. From 3.00 to 12.00 Anilo Phillips no. 1 Gross of a at 375.00. 1-40 of at 125.00. Arrow no. 1 Cross of 1% at 437.50. 1-20 of 1 at 487.so. Sates thursday afternoon sales Oro Grande 1.000 at old. Rice at new York James Richardson it sons High close a reduction Allegheny Luc him 2 Allied chem. Dye. Ia2 151 an. . Am. Smelt. Tran. 37 am. Tel. Tel. Isva 156 am. Tobacco b. Anaconda Copper. 21 Gatch top. S. Be 16 15 1 Bendix Avn. Efth Eliem steel 74 a Boeing air plane 14 13h Brisso mfg. J7 n Chrysler corp. Cons. Edison Corn prod. Inc Curtis a corp. Aircraft Dupont do m. Eastman Kodak Freeport sul. Gen. citric Gen. Corp Gen. Motors Goodrich Ibyl Goodyear tin int. Harvester Loans Manville Kennicott cop. Low s inc. Mont. Ward crash Kelvin Tor Nati. Biscuit . Central . North am. Avn. Ovens ills. Glass Inna. . 3roctor a Gamble. Co. Adio corp. Am. Republic steel Safeway stores Sears. Roebuck Immons co. Socony vacuum s. Porto Eico Sug Sporry corp. Stand. Oil it corp. Texas Gulf sul. Rim Ken Roll. Bear Union Union Pacific nit cd aircraft United . Rubber . Steel Union West. Mac. Woohg Cath . 50 71 162 we 44 10 53 27q-i 23 a 39 a 70 lilo i 124 4 31 "2 31 a 43 a Lala 151 38 in. 37 _ 73 a in. 21 in 153.4 in. 14 17 g31-j-j 2 6% 4 50 7 "1 t 162 125 t 3 Ivi 433.28 23 i 18 i i 11m 17 i i 18 20 it. Security markets new York Stock Market dealings almost came to a halt Friday shifted narrowly As Many traders remained inactive location of the German French armistice. Details. Gains Ana tit of fractions were pretty evenly split at the close. In audition desire to await the Price for peace which Hitler will demand France speculative contingents seemed confused Over the Dom political scene. Business news still was fairly encouraging Toronto in a drab Market stocks weakened narrowly today on Toronto Exchange. Due chiefly to fear of the total eolian France s War Effort and to expectations taxation the new budget trading enthusiasm dwindled and aggregate t Over for the Day was less than shares. Industrials Kri decline. The tone was firmer at the close. Mccoll lined Ivi to 83 i Imperial Oil lost and smaller fractions i by International Petroleum and Mccoll common. Several a registered losses of 3 Point or More and losses of a Point were netted by Kelvin Tor Goodyear tire preferred Howard so paper and Canada bread Consumers Gas Massey Harr feared and Canadian car preferred ruled Strong. Montreal prices tended slightly lower in continued quiet dealing in Stock Market Friday. Utilities lacked resistance As slight do were marked up against . Power a and brazilian Shawinigan and Montreal Power held steady. Steel of backed a Point while Nickel sold off a smaller amount rail Light support and Small advances were posted for car preferred and Dosco. But oils retreated lightly. Montreal Cosler Hammond Nanton june 21. Open High Low close Alan. P. Grain of. Algoma steel Asbestos Assoc. Brew. Bathurst a Bawlf Grain com. 31a a 14b 8% lob Bawlf Grain pad. Is 4% 25 14b 13% 6% 20 i in. I 17vi in. 38 32- 33 i 37 30 4 i g9 39 20% 02 .4 32 m 38 33 37 38 s3 Iyun. V 17 in. 156 715 8 1go 5 20.1 70 4. I 3 Ilij hib 240 107 Exchange rates at Montreal Pound buying 4.43, 4.47 . Dollar buying 1.10 Selling 1.11 France unquoted at new 3.58 Cana Dian Dollar franc unquoted in s2.42 . Dollar 61.06 cents Canadian Dollar 55.05 cents. Luge vate Trade statistics largest of wheat and grains in United Stales the larger crops of the last three years had a Market value in excess of that figure. The 1937 Harvest of nearly bushels one of the largest on record was Worth More than regarded As Miracle railroads have concentrated thousands of freight cars in the Southwest Cor transportation of the new Grain. Experts regard the 1940 Winter wheat crop As one of the miracles of recent agricultural his tory. Entering the fall and Winter in the poorest condition Ever officially recorded with the crop Esti mated at Only bushels it has responded so Well to favourable weather since Christmas that the Chicago june 12. With favourable weather the United states prospective Bushel Gram crop progressed today toward maturity promising to swell to even larger proportions the sur plus built up in the past three seasons. Present indications Are that the Harvest of principal Corn Oats Rye and be Only a million bushels smaller than that of last year but to bushels shy of the crops of 1938 and 1937. This estimate was based on the official forecast of wheat and Rye production and Pri on probable com Oats and Barley harvests. Market value lower unless Grain prices improve materially in coming months As they did during the past season the Market value of the 1340 Harvest May be be Low that of the past three years. Chicago statisticians said. At current prices the prospective Grain crop would be Worth less than prospective Harvest has creased 25 per cent. Been the estimated Winter and wheat crop of Bushel s has a Markst value at current prices of around compared with the value of the 1939 crop of . Based on Chicago mean Price since Harvest. The 1937 crop was Worth nearly Mck. R. L. Mcvittie Mcwatler mining corp. Model Oil. Monarch Moneta Morris Kirk. Murphy to. Pete. Nabob now acc Nipissing Noranda Nordon cup. Normetal o Brien Oil select. Of Alan Omega Oro Plato Paralta amour p. Pandora paymaster 11 40 04 132 3 240 3 107 a 2ga 59 1 a 34 13 i1. 44 2b us 14 75b " 48 47 i 3 lib 251 r cob 1600 3000 620 1800 3550 icon 400 Ioco Toronto industrials Blansham. Mckay lid Bell Telephone brazilian . Power a . Power Bruck silk building prod. 13 can. C. Of. Can. C. F. Pad. 14la can. Cement com. 3% 3 can. Cement pad. 80 can. Nor. P. Com. Lib can. Nor. P. Pad. 97a can. Steam com. 3 can. Ind. . A 175 can. Ind. . A 175b can. Bronze com. 30b can. Celanese pm. 25 26 can. Celanese pc 103b can. Converters 14b can. . By. F. 4-7 cons. M. And a. 32 Dom. Bridge 237-h Dom. Glass com. 114v, Dom. Steel Dom. Textile com. 72 Drydon 4vib Eastern dairies 65a electro Lux found. Co. Of c. No Gatineau per. C. 11 11 Gatineau per. A. 80 g. Steel wares p. 79 Gurd. C. Co. 4 Gyp. Lime . Hamilton Bridge Imp. Tobacco 13 int. Bronze int. Nickel 33 33. Of Woods Mill. Isa Massey Harris c. A. Massey Harris p. Montreal Power Mccol Frontenac Nat. Brew. Com. Nat. Brew. Nat. Steel car Ogilvis com. Ogilvie pad. Penman com. Power corp. Price Bros. Com. Price Bros. Pad. Quebec Power St. Lawr. Corp. C. St. Lawr. Corp. P. Shaw Migan Sherwin Smith. H. Co. Steel of can. Coin. Steel can. Pad. Sou. Per. C Sou. Per. P. Mpg elec. Com. Mpg. 21ec. Pad. West. Grocers a. 25b 25vb 5b 251-ib 33b 39 20b is " 13 h 2% 11 13v4 12 5a 13 16a 9a 10% 33 3a Igoa 11 12 Canadian Bank clearings soar to Canadian Bank clearings lw4. Week ended june 20 were Comite ably above those for the Sames last year. With one City in remit. And its total subtracted from year s Dominion total reached com for the same year. Winnipeg had s49.044.0u. Co Muir de with Moronk. Ported compared the largest altogether 25 cities rep creases and five decreases among those with Clear mrs was Montreal with figures follow 12 65 65 3b 96 5 55a 75b 3 23 Pend Orcille. 140 Perron 112 Pickle Crow 22f1 Pioneer a. To will r. Prairie r. Premier Pryst. E. A. Reno Robb Mont. Roche. A. Royality St. Anti. San ant. Sand r. Senator r. Shawky sheep c. Sher. G. Siscoe Aclin m slave. _. Steep r. Straw. B. Sturgeon ii. Sud. Basin 153b 70b 13b 80 131 18 33 40 4. 4 via 23a 7ga 75a.ia 25a 140 110 225 175a 80 150 19a la 3n is 140 13 62 23 3 118 _ lob 100 49b 198 255 Sud. Con. Sullivan Sylvanita Teck h. Tumis Kamluk 2b can. Oil lib Toburn 107b lob uchi Gold 25b United Oil upper can. E3 ventures 205b Viditc am to. 290 285 wendigo 6 alb Wiltsey cell. Wood cad. . 500 485 197 252 61 140 5a 13 60 61 23 3 118 Lia 100 me 252 5a Lloa i2a 35a 5a 63 210a 209 a 2a Loa 495 11000 Sod 100 600 1270 2flr 1850 3000 300 600 400 1500 400 1000 300 700 1845 can. Can a. Burlington steel can. Packers can. Bud. Brew. _ can. Cannes Canada bread can. Dredging cub aircraft vinegars can. G. Elec. Canadian Oil cons. Bakeries Consumers Jorn. Woollens Dom. Stores equitable Fanny Farmer Ford of can. G. Weston Goodyear can. Gypsum. L. I int. Metal a k. Walker Walker Ltd. Kelvin. Can. Laura Secord a Loblaw a Maple Leaf Moore corp. Fante -.oto enc. To to frs Vlaj. Stand. Pav. Super t. P. Toronto mtg e. Walkerville United steel w. Can. Flou s of 881 230b 15 147 a 5sb i vib 22 is Bodib 3b 5 i 8 lib 21b close 140a 24a via 6a 15 14a 147 v 9v, 2h 35 lib 15 in 175b 50b 65b s in Hub _ 4 via 22 18 9% 10a 4a 30 18 a 36 a 3% 19a Montreal curb Osier Hammond Nanton june 21. 1940. Halifax Saint John Moncton Sherbrooke Quebec Montreal Ottawa Kingston Peterborough Toronto Hamilton Kitchener 3rantford Condon Chatham Sarnia Sudbury fort Winnipeg Brandon Regina Moose jaw Saskatoon Prince Albert Edmonton Calgary Lethbridge new Westminster Vancouver Victoria 1940 Fly 1.01iai Kin my 3iy 713j86 1.mws Sou 4im 815.1 British Brazil payments agreement Rio do Janeiro june 21. An agreement of payments Between great Britain and Brazil signed tuesday is in effect today. Under the Accord Pound Sterling Exchange from brazilian exports to the British Canada. Newfoundland and Hong Kong which Are not included in the Sterling be used to pay in the following three Cate Gories Empire exports to Brazil except from Canada Newfoundland and Hong Kong. Of interest and dividends of British companies in Brazil. Of brazilian owned Sterling at rates fixed by the London government. Abi Libi Eom. Bubi old. Ask Custos Bat Hurst e p Brno. Dist. B. A. Oil e. C. Packers can. Brew. Can. A. Pad. Can. Malting can. Vickers can. Wineries cons. Paper can. D. Sug. Dist. Up. Sea. Dom. Engin. Dom. Tar Donnaconna a Donnaconna b Dom. Stores Fleet. Foreign Power Ford a Fraser co. Fraser v. T. H. Walker Walker pad. Home Oil Hydro k. S. C. Imperial Oil int. Pet. Int. Mirtil. A int. Util. B Lake sulphate Melchers. Com. Mel hers. Pad Gold it. Mitchell Walkerville b. Brown Calmont c. And e open High Low close i Dalhousie East Crest Foothills Home Oil 2b Calgary oils a. B. Flett and co bid 75 i6v 4 a 3vib 113 105 b 21b 33a Vuk 4 via 3% 25 20% 20b 4 3 a 4 15a 16 6v4b Sib 31 150a 25 20% 3% 25 21 4 4% a 4m, is 3a 147b 2b 13v, 15b 65b 125h s a 75a 9 a 15qa 3a 13v, i Fla fire losses Down Toronto june 21. Up the monetary times estimates that fire losses in Canada during the week ended june 15 were com pared with recorded for the previous week and with for the corresponding week last London quotations London june 21. A British Stock closings in Sterling Austin motor a. 10s Babcock and Wilcox 31s 3d boots drug 29s 6d cent mining Consol Gold 26s 3d court aulds 22s Crown de Beers East Gedi ild h. 19s Len. Midland. Fill Metal Box 65s mex. Eagle 2s 9d mining Trust. Is 6d Rand Springs 18s 9d. Bonds Brit. . Consols Brit. Brit. 3vi . War loan funding 4s 1960-90, Montreal metals Montreal june 21. Up spot Copper electrolytic 12.75 tin 67.00 Lead 5.65 Antimony 15.25 per 100 pounds . Montreal five con lots. Highwood Narcee Nordon of Kalta Texas Canadian 6v. 19 108. 21 3% 35 147 is 50 a Winnipeg to Minneapolis tickets to drat nation in the u. I Are subject to Small Curraw charge in fund 1 new faster service la. Winnipeg am at. Grand Forks pm at. Minneapolis pm through service on the North coast limited to Chicjo by car to car Transfer. Direct connections for Eastern Points. Northbound la. Minneapolis am at. Grand Forks pm a. Winnipeg pm direct connections with West bound Canadian trains. For travel information j. O Donnell g. A. Northern Paciuc by. 04 Paris bide. Winnipeg Wall Street hour by hour Thomson Mckinnon of the k the Market trend of the Are computed by industrials 15.46, Price indices for Friday s Jesslo n follow previous close 11.00 n Oon 1.00 2.00 122 57 close preliminary 122.6 30 industrials 20 railroads Bonds 8s.59, up .197 Concord and Catawba Bright s wines Are never Bot Leci until they have been fully aged in Brigit s immense wine cellars capacity 4j4 million 20 railroads 20 utilities 25.51 21.10 there is no substitute for Friday s Range open 122.27 25.50 21.10 High 123.07 25.61 21.20 a by control is not for statement a made a to Quality of ;