1932

was cum ntm

m iii

CMARKELGOSSIP

L. Cooley. Associated Preaa Financial Writer) w $011K. Juuva 27-‘—Li|ht li- ‘Qmstiaa seeped through the-stock "n, [fltlily disturbing principally s, “if dozen of issues whose div- wnd, won coule on the carpet, but geleflhtiesa weighing dowrr all groups IuIHdQntIy to approximate the old "flags low established curly this

Igllfrhket influences at the beginning ,1 the new week were similar to n,” that wore out resistance last i“. Congressional difficulties over "m; mu prospects that the session goilltl run over into neat month, as “ii as a heavily crowded dividend ukypdlf appeared to govern tho day's

4“; John

all ‘ladies rallied after the opening. “fling slowly behind a rise ill sugar |hll comm and n firm U, S. Govern- "nl Bond list. This narrow advance Saturday's close found a fair umukrlinn of selling orders await- " execution and under the leader- |l|l|i nf such sisues as U. S. Steel,

Allied Chemical, Westinghouse, Am. erican Telephone. Santa Fe Unign Pacific, Loon Cola. Cora ‘roducts, National Biscuit and Public Service of Ne\v Jersey the market bogged down to a weak close. Transactions totalled 707,000 shares,

For the stocks uleniioned net losses ranged from 1 to more than 4 points. U, S. Steel Preferred was off 5 at the worst, while Norfolk nad Western, presumably in anticipation of n flip- idend cilangr. broke 0. International Business Airlvilines inst 5, American Can, one of Inst week's softest lead- ers, fuugllt off the trend, being virtu- ally unchnrlgcrl.

Iilorley and foreign exchanges were uninteresting, except that Japanese yen ulullc n new record low, Gold cur- rencies ruled about steady.

wrrar was spec? ararrrncr mo: ' Mon. Number of advnrlces .. ... 07

Number of declines

Stocks unchanged . Total issues traded

‘ . Grain Market

L l .' BONDED wuss-r

..__.__.

(Canadian Press) XEW YORK, June ..'l‘-—Bontied wheat fused quiet, Closing July 40; Oct, 52.

CHICAGO

I

CHICAGO, June ‘IT-Affected by New York stock market whenkncss, rain values underwent into setbacks oda more than cancelling an early rllvuncc.

Wheat fell irclow 1S cents a bushel for July eoriirnl-ts. and purnc within |fraction of tho season's low price n-ord. Liquidation which llrokc_ out

urn had n bcurisir effect on all toward the last.

closed nervous Iii-V. under Esiurdll) s finish, corn lit-W. down, an» 14-15 off. provisions _un- ghangc t0 17 ccuis higllcr.

\

ti‘ \l hr

suvrsxrrszo

WINNIPEG, Juno 27—-(By the Can- ldiilll Preas)--\\'eighted down by rhrcr trader-indifference, tho Winni- ‘peg wheat market nosed frnctionaily lulvcr today despite foreign ncrva that might have been construed as at In»: moderately bullish. At the close lutures prices were off Y; to 1,5 cent. | bushel,

The few traders who took an ac- ilvc interest ill the market worked on tile selling ‘aids except. for n brief lime at mid-session when values were toasted over Saturday's closing fig- lites, The advance wnlrsufticieut to wipe out early losses but easily fell prey to more liquidation in tbs last luur.‘ ' '

'L‘he Jul)’ future finished 1,5 cent 10W- not 53% cents, October 1/4 to 04c lower at 10V, and December 51,, lower rt 5 4 cents. ' ltuns that delayed harvesrin the liuited States wintcr wheat. nren arid a show of strength in tho Liverpool market were unneeded by traders who preferred to note the almost total ab- sence of exports from this continent gllfl‘ the. week-end and tho drooping titude of the stock markets. ‘

"During the session there was a mod- xlnlte but; fairly etc-ally spreading of the Winnipeg July future irlto ‘the “CIOSIGP- mostly for Chicago and New fork interests. Export houses cnlne into buy on the wider breaks but ‘otherwise paid little attention to the market.

ilcrnand for rash wheat wns ‘fndif- frrr-rlt and offerings wore light, F|>fcn(il_0ll most grades were firul at ita- start but cased frnctlonnlly at the liniah, Durnrus were neglected.

Only a few cars of barley and rye were. sold for export otl the coarse graintr. market. Trailing was dull. Values in all commodities u-ere easier.

(‘LONE

. will-ll:- July sail: Oct any. u. u; i1". 5794.

nits: July 53%l3; Oct. '31,}; Dre, Barley: July 3815B; Oct. 3354B; Dec. MA, ‘

CASH PRICES

' lVhr-ntz-No. 1 hard 51%: no, 1 nor.

' . 1i nor. 50%; no, .'i nor. 412:

1 nor, 40%: no. 5 4414.; no. ll

‘good 34%; track 531441 no, 1 dur- It.

. No. 2 t‘. \\'-. 513M; no, 1i l‘. W’. no, 2 fecd 20%;

24%: track ‘I'll/... .

iiulting gr les, 0 row ox,

411,-}: ‘.3 row 40bit nth"!

3 i‘, \\'. 38 i, 4 t", \\'.

flii/ pr :sl/,.

Us:

llru 7

Barley‘: I l‘. \\'. grade», no. W; no. Ii. t". \\'_

, Yiiflilsh house and lands be never . sol. ' Wlfning can give what. they can-

Foreign Exchange

IiIONTIiEAII, Julie 27—(By the Curr- adiau Pressl-Jiritish and foreign ex- change in relation to the Canadian dollar, as compiled by the Itoyal Bank uf Carlulin. closed today as fol- lows:

Argentina, peso, 0.2050.

Australia. pound, 3.41100.

Ausirln, schiliing. nut quoted.

Belgium, bclgn, 0.1500.

Brazil. nrilreis, 0.0874.

Bulgaria, lev, not quoted.

China, llong Kong dollars, not (plated.

Czechoslovakia,

Dcnnlnrk. krone, 0

Finland, flnrnark,

France, franc, 0.0440, _ Germany. relchsnlark, 0.2704.

Great Britain. pound, 4,1272. Greece, drnchrna, 0.0075,

Holland, flarin, 0.4015.

Hungary, pcngn, nut quoted. India. rupee,

Italy, liro, 0, . Japan yen, l0. ‘ Jugoslnvin, dinnr, 0.0200, Now Zcalnntl, pound, 0.7520. Norway, krone, 0,2030.

_ zloti, o.l-.-ln_ Itouruunin. lou 0.0070. South Africa, pound. 5.5125. Spain, pcsrta, 0,001.1 Sweden. krono, 0... ‘I. Switzerland. frolic. 0.2225. United States dollar, 14% premium.

per cent

(Canadian Press) NEiV YORK. June 27—Fnreign ex- change irregular. Grant Britain 3.01: France .'i.0.'i 3-10: ltnly 5.00: Belgium 13.02; Canada 57%.

Germany 23.00;

PRODUCE

(Carludinn Press) liiONTltl-lAll, June 27—-Stendy prices generally were witnessed on the local dairy and produce markets today, little chango being reported from (closing levels of inst week. On the circcsc market expectations were voic- ed that export. shipments this week will stage n good recovery after last. week's setback, (ionlrillernirlc cheese has bcon sold for July shipment, and the lnttcr will start at the end of the wet-k. Prices hcid nornlnuiiy un- changed, being owe to ooze for On- tarios. 8541c to iii/ic for Qucbccs, 11e- cclpts were L‘ ii iloxcs. .

Tho halter- market wus quoted un- changed at from 1015c to 1031c pol‘ lb. Trndlrlg was quiet. Cubic offers to lluportcrs were bcing ruride. ite- ccipis were 1.2553 boxes,

The egg market held steady, carlots of Orllnrios or Prairies, graded, 211/40 in 22c por dozen for extras, 171,00 t0 1S1: for firsts, and 15c to 1511c for sol-nulls. Ital-eipts were 5,445 cases,

The potato rnnrltct: was steady.

Fish Quotations

mk-

(Canadian Prcan) Boston. Julie ‘fl-Fifteen vessels ar- rivcd at thc fish picr hcre today.

wnoussans urorxrloxs

cents. per lb. Large Cull ... 5 to 0 Riur-ltcts llndllrvrk Pollux-k i-‘u-nrdfish

,t0 5 to ti

Largo run 1 Small ruackorr-l Lemon soles Gray soles , Flnnnders .

5'1; to org, ans to 1%

Trusty as an old fflfilld-r-lt never laiistto lease _with its {listing flavour.

1 ranges

‘ Net revenue for May, 1032,

mm- closed stead! ' J

Montreal haul Sllieilghts

adian issues

Pressl~whlle held almost motionless, today on the Montreal

against firs gains.

with trading negligible and

narrow. in the

Canadian Pacific receded 1-4.

Atlantic Sugar,

10% points in Canada Wire and since iifuy 2 the issue opened at a new low of 30 and recovered to close at 3i 1-4. Consolidated Smelting lost 1%, points while other drops were of fractional variety.

Brazilian was activs leader with 702 sales, close 9 V‘. unchanged. Montreal Power also unchanged, was aecend with 481 sales.

Total sales were 5,000 $72,550 bonds.

Sterling closed at 34.1272 and Unit-

shlrres and \

GrossEarningsOf C. N. Railways

adlua Pressl-A decrease in revenues of $3,018,273 1n May. 1032, as compared with May of last year, was rnore than offset by reduced operat- ing expenses of the Canadian Nation- al Railways for the month, according to the monthly statement of revenues and expenses issued today showing gross revenues ill May of $11,680,354. Operating expenses of the Canadian National in liiuy. 1032, were $10,054,550, a reduction of $4,200,378 from the op- ernting expenses figure of May, 1031, therefore showed an increase over May, 103i.'of $291,105 to reach a total of $731,704. For the five months period, Janu- ary 1st to May 111st, 1032‘, gross rev- enues of $57,750,742 showed a decrease of 8153883154.. Tho reduction in oper- ating expenses for the 1032 period were $50.509.0'-’3_ I reduction of $15.- 035131, This left net revenue for the 1032 perlad of $1,180,818 a decrease of $253,222 for the 103 period as against the same months of last: year. _______.__.

Canadian Gov’t. Bond Quotations

555-34 5115-37 ... 41/1-40 ... 4-43 ..~.. 415-58 ,.. 41/1-50 ... . 44144-51 , Itys. 450-55 Can. Nut. Itys, 554

Can. Nat. liys, 5-54

Do. of C, Nat. S. 5-30 ... D0, of C. Nat. S. 5-41 ..

Canada (‘anada Canada Canada Canada Canada

100 105 90%

Miscellaneous

.__._. (Canadian Press)

adlan western. no. 1 .30; flour, spring firsts 4.80; flour, sec

; flour, w ents. choice 2.55-2.00;

luiddiings, ton 22.25; 0010a.

lots 10.00;

18.35; oats, bag ton, h .00¥i-. ii ; c ecse, butter, rlo, 1. Jtilrfi-Jtlfiii specials in cartons ' ‘4 extras in cartons .“ i firsts ill cartons .10-...0

5.00;

tatocs. old uuc. w 0-05 potatoes, old Liuc. 8"!"

mouniaals 80 lbs. SUGAR

and N. B.

,451.50.

NE\\' YORK, was firm today ers were apart was reported. asking 2.05 nearby positions, with no above 2.00.

Approximate sales‘ were 15,7 July closed ,80, Jan. 1.01. lifar, 1.04, liar 1-00

Refined was fine granulated. Withdrawals on contracts were more liberal ill spouse to warmer business was light.

cor-rots

1'8

NEW YORK, June closing hid! an. 560-70: Feb. T7; M11". 502: May 000-801: June; July 521-22 Aug. m; Sept. m: oer. 540-47: N" 553; Dec. 061, spot closed onion-middling 505. Liverpool: Cotton. business done. Prices American middling, fair 5.33; good middling 4.88; 4,4 ' strict middling 4.43; 4. strict low middling 4.28; 418: strict ordinary 3.08 good ordinary 8.08. Receipts were 1,0 no Araerl a

The Montreal I Curb Market

Stocks Bisnbsroois A .. .. British Ara Oil ~01 ... Canada Melting . .- Dominiora Stores ..- Oil ... ,.. Hem .. w ..- lat Petroleum u .- lnt Utilities A so n! Noranda ... Page-Hersey Ltd ..- Slscoe lines ... .... Teak Ru hes ... ... walker. irsra . .1

...__.._i..i_. A ' POISISSION

doaaltlsaninallensbls

begets-Phyllis Bottom. J. . ,,

MONTREAL, June fl-(By thg can. the laterlisted s downward trend developed generally Stock Illx- ‘Ihllnlir. ll small losses being scored

The market was in the same drift- ing mood it experienced all last. week prics B interlisted group Brazilian Traction and Inter- national Nickel held unchanged while

Galas ranging from a point to a small fraction were scored by Steel of Canada Preferred, Bank of lilont- real, National Breweries, Abitihi and

Among the declines a sharp drop of (‘able A stood out, In its first sale

ed States money at a premium of ________€_____

MONTREAL, June 27-—(By the Cau- gross

Bid Ask

MONTREAL, June 27-Barley, Can- 3 ,40; oats, Can- adian western no. 3 A0; oats, fsed no. wheat patents.

corn 4.30; bran, ton 17.25; shorts, tan rolled

2,00; hay no. 2, per cheese. Ontario Quebec ,00§i-.0J%2 eggs, fresh ; eggs, fresh eggs. fresh . potatoes. new potatoes,

. w”

l

June 2i—ltaw sulfur but buyers and sell- and no new business Holders generally‘ were for duty\ free sugars in interest

tons, t. .04. D c. 1M,

unchanged at 3.00 for old

weather, but new

2Y—C0t!0n fu-

April

spot moderate 1. point lower. strict good middling middlini low

00 bales Including

High Low Close 40

To know that there lssomething tilstvracandosndthstvnhave

peuession Tobavsamoksnbssrtlsnmirut tohavesnunsstlsflodspiritiss

Montreal _ Stock Market‘

Quotations

Stocks

At Sugar Refra Bell Telephone .. Brssllian Power . .. t.‘ Power A .. Can Car Foundry Caa Car Foundry Pfd Can Industrial Aico . Can Steam Linea Pfd Can Wire Cable A . Canadian Pacific (‘ockshnt Plow .. Cons Mining Smelt , Do Bridge ..... Do Steel Coal B 1% 11,4 Holllnger 85 480 Int Nlcke lilo-Fronts ac Oil Montreal Power . .. Mont Power 5% deb. Nat Breweries .. ... Nat Steel Car . Power Corp Quebec Power Shawinigan .. Sher Williams South (‘an Power Steel of Canada Steel of Canada Pfd Winnipeg Electric ..

BANKS

High Low s1 so 0% 0

o so 311/. 0-71 2%

2s 0% 1% 4S5 4%

311/4 10

. . 25%

351,5

12% 6

0%.

25% 35% 121,4 .. 6%

Montreal ... ... Royal .. .

Stock ‘Exchange

High Low sol’- 10% 43‘; 20% 4%.

Slacks Close Air lteduction .. 34% Allied Chemical . Atlantic Refining American Can .. Am B‘ Power .. Anr Power Light Am Smelt Befiu Am '1‘el Tel Anaconda Copper Atchlson ,.. Bendix Aviation Byers A ill ... Continental Oil .. Canadian Pacific Case Threshing , Commonwealth Sou , Coco Cola .. Columbia Carbon Col Gas Electric .. Consolidated Gas ... Continental Can . Corn Products .., E 1 Dupont Elec Auto-Lite Co Elec Power Light .. Fox Film ... Freeport Texas .. .. General Electric , -.. General Foods .. General Motors .. Goodyear Rubber . Houston Intl Harvesters . lutl Nickel , Kennccott Copper Lambert Co .. Missouri Pacific . Missouri Kansas Missouri Pacific P Montgomery Ward Nash Motors New York Ccutri North American . Northern Pacific . Paramount Publix Radio Corp Sears Roebuck .. Southern Pacific Southern Railway Standard Brands Stand (ins l-llec Stand Oil of N J Texas Co Texas Gulf Sulphur . Timken Roller Bear . Union Carb Chrb Union Pacific .. United‘ Air Craft United Corp United Gus imp U is‘ Ind Alcohol U S Steel Vanadium Steel Woolworth Co .

121/‘ 231,-’,

‘We 241/;

New York Curb

23%

Stocks

Am Cyanaarld B Am Super Power Aaso tins Bloc .. Cities Service Cu Cord Corporation Eiec Bond Share Ens States Power I! Gulf Oil Corp

High Low Clllse

.. 1% 2% ii

c; 241-’.

1% 3% so;

‘ts 24

l»

imperial Oil

later Petroleum . . Middle West Utilities Niagara Hudson , .. Stand Oil of Indiana Stand Oil of Kentucky Un Light Power A .

Legion Resents Pension Rumors

l8 W. 2

112 0% 1%

BUDBURY, 01142.. June 27 ._ (By The Canadian Pres) -- Taking Biwn: Issue with published reports alleging existence of "ramifications of frauds" in connection with pen. sions. Ool. P. J. Picking of Toronto, President of the Ontario command of the Canadian nsgion, deem“ 0h Slhlrdly that the impression was thereby given many men u- W114i P01181005 by misrepresents- tion.

He told district members of the Legion the fraud mentions were made public "in a manner calculat- ed to bring into diamante err-soldier citizens and the'r organlzatlo ."

Ooi. Picking expressed the Ia- BWB’! riélire that "the whole system of pensions be investigated by tha special committee to be appointed by the government." He atr d his disapproval of the fraud reports, sakinl "why did they not find that out in 1m and 1080." (pensions sd- mlaistrstlon had been under in.

a Billet-ion in previous years).

"1' 1! I Piiv that .14 veal-s alter

a the hr. we have still to be eon-

ceru with penaiona"_ said 001, Pickles. The Lesion will navel- help s man get s pension simply 5,. cause he h a returned man. we are strongly opposed to false claims. because they are delaying the claims of the other men who are

TOCK AND 301w) Qqo TA TIONS

uvrsluc u l RliElS

(canadian Press)‘

MONTREAL, June Zi-Cattia re- ceipts were 775. The number of cattle for sale today was but little better than half the number offered s week ngo. 0f the cattle offered only a few loads were of good butcher quality. The hulk of the offering was made up of common cows and light thin steers, The prices on butchers cattle were ‘.25 cents or more higher. Steers of good quality sold for $0 to $0.25 and medium good kinds for $5.75, medium steers sold from $5 to $71.50. common steers around $4 to $4.50 and thin light steers as lo\v as $3. Good corva brought $3.75 to $4 with a couple of loads of choice heiferlsh cows from the west at $4.15 or morc, lilsdium cows of dairy breeds sold around $3 and common thin butchers cows about. $2.50. (‘anners were as low as $1. About 20 fed calves of good quai- ity were weighed up at $0.50, There was no price made on hulls,

Quotations; Steers up to 1,050 ibs., good and choice, $6 to $6.25; medium, $5 to $5.75; common, $4 to $5. Steers Over 1.0.70 lbs,. good and choice, $0 to $0.25; medium, $5 to $3.75; cour- nron, $3 to $4.75: heifers, good and choice, $4.50 to : medium. $11.75 t» $4.50; common. $5 to $3.50; fed calves, good and choice, $0.507 "OWE. 00°11. $3.75 to $4.15; medium, $3 to $3.50; common, $2.25 to $2.75; curlncrs and critters, $1 to $3.

Calf receipts 1.715, Calves were about steady to 25 cents lower in spots. The hulk of the. common to just plain drinkers and grasscrs were 001d for $2 with the better kinds up to $2.50. Medium calves in carluts sold around $3.50 with those of fairly av- erngo quullty around 5435- pick“! 1111i- calvcs brought up to $5,

Quotations: Good and choice veal, $4 to $5; common and medium, $2 to

grnssers, $1.75 to $2.

eipts 1.250, Lambs were

ed from $0 to $9 bulk of the lambs selling between $7 and $7.59. C°mi110fl iiifhl lambs were not wanted. Shccp wore about steady. Srtics were slnlw. Good hnrldywelght sheep brought $250 with common kinds from $1.50 $2.

Ewes, $1.50 to $2.50: $7.50 to $8; common, $0

with tho

Quotations: lambs. good.

to $7.50,

Hog receipts 2.505, Hogs were high- er. Thn bulk of the selects, bacons and butchers were sold from $4.50 to $4.75 with four or five loads up to $5 fed and watered. Unfinished boss in mixed lots brought $4.25. with the hulk around $2.25 to $2.50. Feeder hogs were slow sellers.

Mining Stocks

_.___.

TORONTO, June 27-—-(‘.\iirling sales

cios ——- Sales Stock i100 Acrna . 15000 Arno 000 B Hollinger 1000 Bldgooll .. 1000 Bunk 1-lill 1000 B C Pioneer 1000 Buff t‘nn 300 Calnront 7000 Csnusn 2000 Coningas . 100 Dome Zi00Grannda ., l..- 555 Ilolilrlgor , ~. 700 Homestead . a 3400 Howey 4000 Kirk Lake 1000 Kirk Preru 100 Ilnko Shore Z1000 hincnssn . - . I 2500 iilulnrtic . .05 .05 .05 550 hlcintyrc 17.30 17.10 . ‘J00 Min Corp dill .00 .10 2000 iilnff I-lnll 500 iifossv ... 728 Nornndn .. .. 1500 Olga 500 Petrol Oil 1000 Premier ., .. 1082b‘ Arltrlnlo .. 800 Sherrltt .. F1000 Slscoe .. .. L’000S_v1vnnlts . . 4200 To Ilughes t 500 Vipnnd .. .. 2050 Wright liar . Silver fliliii. Total sales 153,000

UNLISTED 1010 C-Rcsch . ., 1.30 4-100 Ellloriido . . 1.15 1000 Foothill .00

Iligh Low Close .10 .10 ‘ .10 .0l% .0114 1141/; .011};

.0‘.'~'%, 32% .011!) .010’;

.24

12.117. .-.u,1. mo; 12150 i5

...; . .

2.51

2.50

shares

1.10

‘.2000 Nordon .. 41500 Pen Pete 2300 Ventures .

.04 .04 ,.. .034)’; .0315 .27 .27

,-

CURB .031!‘ .033} i .0

.. J4 .

3000 Cobalt Con . .01“ .01% .011], 1000110111 Era! .... .0395 .03% 01m 2500 Jack Man $5

5000 Iilairobic . .0114; .01 1000011 Sat-ct .0214; 112V, 1000Ritchio .0114 .0114

... 1,4,, .011 .02 .0114

THE HOUSEWIFWS JOB HARD- EST

MONTREAL, June 21.- (0.11)- The housewife and the Minister of Finance approach the budget question in - ,, ite ways. Miss Bessie M. Philp. heed of the School of Household Science at Macdonald Collage, told delegates to the Que- bec Women's Institute convention at Sta Anne de Bellevue recently. The minister considered estimates from different departments and then raised the amount needed to meet them, she pointed out,’ while the housewife first must estimate what income she could depend on and than "cut her coat according to her cloth."