The Winnipeg Tribune from Winnipeg, Manitoba, Canada • Page 18

AT MONTREAL Feature in Quiet Session Rising to 218, Gain of Points 02 fBy Canadian Plreeel MONTREAL, July 17 Consolidated Smrltera predominated ft quiet session of th. Montreal Block Exchange today rising lo 218, gain of 34 polnta In flrlr h.avy trading. Montreal Power waa neat ectlt Iir rloaln off at Braslllan Traction gained 4 at 101 Olhar price ehangea Includad Ball Telephone at Shswinlgan oft 4 at 2065,, and Bte.l of Canada up at 104. (Mrpougall and Cowane) open High, AbltIM 74 '4 74 '4 74' Corp 1 IS'. 18 Aeheatna orp.

pr. 72 7U 73 Hus. 80 80 80 Hell Telerhone ..1.534 1384 Tlrnlillan Tract .101 101 1014 Hronipton Paper. 2rb Canada tar 41 40 40 fanada Cur 82 82 fan. Hleanie.

704 71 .0 Canada lo.t.in 122 122 f'anada remapt 105b fan. atne nt 114 114 Can. Convert. re M'l 924 fan. Indue.

10, 19'4 19 fnn. fin El. "54 554 rwmln. Hrl'lse 100', 1004 Doniln. Clata "2 92 92 I.aurentld R94 89 Howard Smith 44 49 49 lloroln.

Textile Close 74 18 72 80 1W4 I'll 4 fin 40 82 71 122 lOSh 114 92 19'4 554 lOOi, 8Hi 40 95 4 Lake of Ww" McKay and Co. Montreal 'rer Nat. Bttxrltl furllvl. .140 1 I 14U .1.54..1. 140 2liV.

21rt tl ti 61 4 4 218 4 I li3 113 Ftnmin a P. I.yall 4ft 46 Price fcro, 68 68 1864b 46 6R 46 68 25b Quelec Rv 125h South, fanl 82' M. I.awreore 41 R2t 41 82 4 41 41 Rtoftwintvsn 206 2064 20 eo.ij nepers Spanish rtlver SIR 2J4 MUX 09 4 112 8pan. Rher 112 1124 Weel of Canada. .1034 104 101 Rteel of tan.

pr.116 11 1'6 Rio. 47 47 4T 5Vps Flee. Ky pr. 974 974 974 Attenda 3614 36lj 3" 4 104 II 47 Q7; 36(4 MONTREAL SALES (Reported by A Cowans) Montrcsl, July 17. 19I6.

Atlantic Sugar, pfd. It) st Bell Telephone 25 at ISSVi; 10 at HI. BrsslI at imH; 5ft at 101 Ki at ioih: at 101't. Canada Cement, pfd 1ft at 111. Can.

Industrial Alcuhol 50 at 0 at 110 at 194. fnn. Steanihlpa at pfd. 5 at 15 at 71. ran.

rnr Foundry pfd SO at Ccnollrttrd MlnlnK ilia at 11(5 at 215: at W4: T5 at S1SH Ji.O at 218: 75 at 517; S9S at 2174: 13ft at 875 at 2t7: 391 at 217: 130 at 217: M5 at 2 1 7 4 3ft at 2l7i; 10 at 217: SO at 217T: 690 at Il. in at 89; 60 at Canada Cotton 5 at 11'2; pfd. 10 at 13 4. Montreal Tower 40ft, at 21S14. Aaheatoa common 6 at IS "4 10 at II.

National Brewerlea 6 at 61 V. Spanlah River pfd. 6 at Bhawtnluan 16 at 20: r.0 at 2n.if. Ipanlsh River 40 at 9i; 6(1 at 94. Pteel of Canada 10 at 103ft; 26 at 103H: 75 at mi.

Dominion Brldpre 6ft at 10014. Noranda 115 at 17 00: 290 at 17.06: at 17.20: 22S at 17.25. Attcndu Enalneerlna 35 at 164. Bel no. pfd.

1ft at 91i. A'lnnlpe F.lectrlc 2S at IT. NOTES AND COMMENTS Masawyllarrla Kliowt 0trMiHb MtMT IIarrls common been on of th trADf ftatures of lh Toronto Binrtt Exchaniro K. Lut Monday this tork runi hcd 60 onl th prlro haa bo well mtntaln1. Manny Morrli bHng om of tho Arm Frtdar with 69.

MaMey Harr.o la hctlcved to bo anJoylrtK Iti belt year In tho lait flvo araion tn1 ita ouci pio'Ii eonsitlorM to be dlrctly at trlbutatil to mnrroto tmpro mfnt in Woatorn Cantrtian farmlnf ronrtltlona Miiy Harrta rommon la torhnlcally cn ol fieri ft ono of tho ailtat stork on tho boat 4 to bifl up. Th bulk of tt la livid by aharbo.rlr of long atantln or by veolthy stala, who. ayico tho apltt of tho capital Into preferred and common, havo now a ouhatantlal Incomo from tho aonlor oocurlty and an azcollrnt prospect that tha common will pay approximately four par cent at tlio and of tha flacal yrar naxt Fahruary. If Maity Harrta common waro to rT ahara, or four percent, would ylaldlnt approtmaialv 6 67 parent at a prlra of $60. Tho nw Prcntli plant ta approaching completion and tht runiian recently aant a financial advtaot to Fianca from head offlro.

Cot oa 91 on om hi no A n'ovamant la announnod by the Man choairr corranpondtnt of tho Veitmlnatr Oaxtto for tho formation of a ttrona comblno to control tho prlcra of United ptatpa yarna to provnnt thilr being anld at a lr.ua. Mora than 30 prominent cotton nil II dhe' tora, represmtlnu capital of IW.CO0.OOO. are aald to baiklng tho a. bamo. hoaa primary ohjert la da 'rihod aa tha flttig from time to time of minimum prtrea for standard count a.

Br thia moana lha milta hope to provide for a reasonable profit and to raise a "flghiing fund' to proVent unfair competition from fir ma outside tha combine, and to buy up aurplua yards If thta la thought expedient. Tho scheme, a cording to tha Westminster Caietto, la being auhmltted to all I tn eaalilro cotton spinners for their approval. BOND PRICES July 1ft. 102 Allan. Ktliam A McKay.

Ltd, furnish tha following bond hens nvotatfona ma approximate and subject ta market fluHnatmn. Dominion of anuria eenrltv Rate Mm, Prh ld War laoan 5 lM lt 0 4M War I oan 5 WT 10T 70 Vi fctory Ion ftH lOO 4 Victory Ian 5'i JS 104 9. 4 66 Vfrtnrv Ian ftS 1M 10 40 4 tctorv Loan 5i l'7 107 HO 4 5 nenewal I an 4J7 lf00 4 7. tj I I.n.n ft. in? as 40 Hefundln Loan fi 11 100 J0 4 0 fnnHlnsT I.nan.

10170 4 nefundlna Loan. 44 144 0 4 ftO 'Refunding Loan. 4 1040 96.50 4 R.I Refunding Loan. 4V, 146 96 4 A 4.M Weekly Bond Pre Bep, SwelU Tonnage Total at Wetland and St. Lawrence (A.

K. Ames Co. Ltd The following la an nnalyals nf the Canadian bend sMei. 19:,, to date: Government M11nlclp.1l Corporation Rnilrond Total ret. 183.I4.tnno J7.771.MJ n.95.n Ooft.OOO I2.I!.M: July 12.

031. Totals Hold In Csnad. 7rnid states Orest Britain 15.3.:7 72.600.267 1.:9.1,000 IVI06 12.0S1.46T TMaMs 562 163,693,267 36,406,362 1J24 16.637.117 14.1R7.S9S 13,396,900 27.6SI.7SO 4. 7:95 12,682,0 )ihry ruarf I 1U.M2.1JJ OTTAWA. July 17 rrelglit traffic on tho Wellaari and St.

Lawrence canaia in June waa the heaviest handled in any month aim a these canaia were opened Despite the late opening In 1026. tha total traffic to June 30 waa greater than In 1925 by 2J.J56 tone on the U'elland and 2,165 on the Bt. Lawrence canals. The heavy wheat movement amounting to 8. 127.570 bushtla.

through the and 8,003,000 bushels through the Pt Lawrenre, was the big factor In this large tonnate. Cnft coal showed a decline throuch both canals, and pulpood also as Ifshter, Traff through the Canadian and United Statea loeks at Sault St. Marie aggregated 12.910.1 J3 tone, and though was J.906.41T tons greater than for June, It waa not a record tonnage. Wheat shipments smounted to 30.56.214 bushels. an Increase over Jun, of IH.Z U.My bushels, but P.

75.5,61 4 than during Miv. 1926. Iron or waa 441. R08 tons, anft aoft coal 80 3. 73 tons heavier pian in 192.

TWIN PORT CARS ARE COMING ON AUGUST 2 AND 3 Ouluth and Superior Friendship Tourists Will Visit Winnipeg With Two Bands Dululh and Superior friendship tourlata will visit Winnipeg August 2 and 3 In two aerlions with a Knind parada on AtiRuat 4, when lha Ouluth firemen a b'icle and drum band and the Duluth police chorus will provide nuiftlR. 1 ho li plece or rheatra of Frank Mainella, led hy Glenn S. Locker, will alo add to the aplrlt of the frntlvltle.i. About 140 cara are nxpeotert to partlclpnte. Head'iuartiera tliirlnK the vlult will he nt the Marlborounh Hftlel, from which the parade Is scheduled to si i at 10 o'clock Wednesday niorn Inir.

The decision to combine the two visits will mean that a much Inrjrcr cavalcade will drive Into Winnipeg from the South. Invitations hitve been extended to the mnyora of Virginia. F.veleth and Hlhlilng; to accomiian the tour aa Ktiets of Duluth. The twin porta tour to Winnipeg will leave Pululh on Sunday, Aur. 1.

at 6 a.m., and the second section will leave at the same hour on the fol lowing morninK. The ftrat section plana to arrive at BemldJI at 1 p.m the same day for lunch, accordina; to announcement by the committee on arrangements. Leaving Hemlil.1l al 2 10 o'clock, tho tourist! will make Thief River Fnlla that night and thence drive to Winnipeg, being due to arrive here at 2.30 o'clock in the afiernoon. The second partv. which will leare Duluth on Monday morning, plana to follow exactly the same route, arriving In Winnipeg on Tueaday afternoon.

The diatanre to he traversed from Duluth 'la 467 miles by road. It la not definitely announced aa yet how many will participate In the trip There will be at least 40 cara and loo tourists from Huperlor. towns will probably send ad ditional vera, ami Duluth Is expected to have almost 100 autos in the mo torcade. The Superior tour to Winnipeg was to have beirun on Thursday of this week, hut Duluth persuaded tha sister city to hold off and Join with tl.ein In making the occasion a gala irlp to the woatern Canadian metro polls. Alnny Dulum auto dealers nnve decided to Join in the trip to Winnipeg with a view to demonstrating the qualities of their cars.

They are to Btnte a irtlo competition for a silver cup to be donated by R. W. Eterly. of Duluth. The dealer witn tho greatest number of cara in the combined mntorcode will receive tho cup.

In addition several Duluth bua ness houses Plan to take tneir customers aa gliosis on the trip. BAN FIELD AGAIN HEADS RETAILERS rVRT WIU IAM. July 17 J. A nanflld, Winnipeg. alerted president of tno Potninton Retail Merchsnte' Association Friday at the concluding aesston of the annuai on vent Inn here.

Several haliota were taken Thursday, but these resulted In a deadlock. J. T. t'rnwder. former prvahtenf, and J.

A. Bonne Id hav. tog an equal number of votes. Supporters of i'ro'cter, who Is president of th Fair Trade I.eHe ue. held that be could carry on tho work better If he was prcil 'nt both oraaiiUations, Supporters of Mr.

Banfleid tonic tho opposite view. St. John, N.B.. waa tha choice of the convention for the nest conferenre. New Explanation For Dome's Fall is Needed TORONTO.

July 17 The Toronto Telegram atated Vrlriavt "Toronto raining men and Dome shareholders have been hearing for davs that the pressure pome stock, so conspicuous during the past few weks. owes tta origin to the liquidation nf the holdlnga of the late Jaob G. Rosenberg." "Holdtnaa In the 'Dome m1na of the late Jarob O. nonenlerg have been disposed of. acrording to Rochester lawyers In charge of the eat at and so If the pressure being exerted against the stock was at any time caused by the liquidation In point, that pn esure baa tlnre ended and tha mining fraternity la now obliged to sek elsewhere for an explanation of tho bear movement that bus reduced the price of their oerurlty to levels comparatively low considering all the elemente of value." Sales Summary 10.050,000 13.4S4.767 63 6.000,000 12.000.000 340.331.

629 1R1.124.4o7 6,000,000 195 12.000,000 310,334,6: 19:6 11.114.702 121.66179 27.406.744 60.411.163 49.295. S26 13.263.267 (to date) 4S.ft2l.79 7.i,r.l6.6f.l 19.120,023 62.614.116 1 7.rtf S.SS4 S0.0S6.713 ,260.000 SM.191.IU 40,33 4. 6ii THE WINNIPEG EVENING TRIBUNE. SATURDAY, JULY 17, 1926 18 WHOLESALE RSll winmpeg grain market IFURTIIER GAINS SMELTERS THE TRAFFIC RECORD THROUGH CANALS Again President R.M.A. STOCKS ON WALL STRONG SPOT STREET GO INTO Heavy Wheat Movement NEW HIGH GROUND Confidence in Business Outlook is Background For Strong Advance I Br Aaaorlatad PreaaJ NEW VOIIK.

N.y., July 17 confulanc. In tha builneaa outlook rorniad tha bkeksround for a vlfqroua upward mo in today's stocky markat wh.rh waa to Ignora aavaral riavaiop tnanta of aa anfavorabla character. Lnitad Stataa Stael and Oanarat ifotora. tha ao callad Morfan atecka, aaaumfd tha laadarihip of tha advance, attrrlna tip bulliah enthualaam to a Mrh pit'h aa (hay forged Into new high ground fnr tha year, other top prle, for tha year ware achieved by Xiupont, American Can, VVeatinghoufto JUr Bruke, New llavrn, Miami Copper and Amail.an i'osar an1 Ught, with General Electric. Ml 'Irucka.

and International HareRter In. ctud In tha gaina of 1 to mora thait Iia pom la. (Oalrr. Ifammoni and Cpcrr Stock, Open High Low riA.e Arnn. Huieltlng l.V.i l.V,", Anaconda 4'JV SO 49.

SO frro da Paaco Kennemtt Kay flailroa.i brock Palumooe Ohio. Hi', J4' tn '4 06H e. 6H 544 141, 1M 45 10', 7IS P6'i 96 i 43'i (es'i 4j" Cnii'llau I'e iflc l'4 hebapeiika fthio 4,5 Chi. M. Hi 10 chl.

71 Chl. Roik la. Pc. Deiawara Jluaon lb4 Erla lit I 45 Teat Northern Pf ,1 1MV4 1WW W4 4', 7S 72 72. 4S i Ken.

City uth' 3H Kan. Trxea .17 40, Mj'auurl radrio M'4 40. J0H Mia 1'aclflc I'M. 3V u.i 'a Wit, W4 New York 1.51S 151 I'd', 1.11 New Haven 47, 4R Northern 71 '4 7ii Pennaylvanli, pere Mur'tuella. Heading rev, Wv 47 475, Tl MS 9' 71 '4 64', as i.

0H roumern rar. loii, 107 lObl, 107', Houth 104 Han Francis ifb1, Erjulpmenta Amn. lco 104 ilRMwin ijocn. Motor 8i llt, 116 5, 116', Cliryaler M'4 font. Alotoia 10, Do.tga Com.

enerwl 166 HiiiMin 574 Jor.lan Motors '1 M.k Tio.k Nnfh Atotora V.T4 42 fierce Arrow 29 vi Mli J5 14 11 10 Vt4 41ii lvHi i6 1 1 lo3'. S7 US. lW 157 '4 i ZVS 71., SSS S'C, ,50 51 b'J'4 48'. Z1 1 44 53 lio', S7'4 So '4 66i tvi'i jO .5.5 'i 58 Mowart Warner 7fi 70S 66 Sfl'ti jit. S' 70 Hlirtebaker ttroitibei en 74 Tinikm Holler 94 While Motor, A9 5VIIIa t'verlHOd M'm Oil Mto.

ka Cjllfi.rnia Merlniwl SB', Pall "B' 70 rhillip, fete. 4B'i Cure I'll 'J', Shell I nion Sim lair 21 Oil nf Calif. 44 ia Co 53, leo alorke Rellllehern Sleel 45S 4b', 5ft', 4n 47(4 45S 46 4 4ft Col. fuel Irnn Hrpuhllr 1. a4 b.

I' M. aieel Coin 6ftt4 14.5. 1454 iSS 234 14.5H 145 11.54 9 54 C.a. I P. ttubbcr atocka Flake ln4 Hoodrlrh 50', lfl'4 SO', 69U U.M Rubber S'J 604 liiuear ato.

ka Amn. rtusar Pa. ftfl Cuba American 24T SRi 24'. :ac.ii.neoua stock, American lea 2S'4 25'4 2514 American c'an SI Sflfcl 2SS 58. Amn.

Tl a T.I 141 141s 14i Ain.a i.neni 151 150 Atiantlr a.W.I. 45 46, 4414 4451 Oaa 101 101 Corn Producta 44', 44 i 441, 44 Co. a Cola Ounont u62' 1105', 2624 2ft5 Kaattnan KoH.k iti' 7,7 7 Kiac iter i. 7.5 1, TAK 7S. najera jjo llh 115 115 ieiachmann Co.

ou 60 50 japnalt VOW Uenarnl Kliitrlc 35A 01. 356 358 'i tv 40 71 Si 71', 45 5.5 14 3b mi. Harveater 2ai Int. M.r Mar Pr. .11 40 72 515, 74 .51 39 '4 71 51 7.5 Inl.

Nickel 40 71 51 5', M'4 Montgomery I5', North American Owen, liottla Hadlo 'orp Hera Ruobu'k Slmma Mfg, co. S3 eaiinghouea K. Woolftorih a 71 71 169 160. lt)y MILL TOTAL DECREASES TORONTO. ruT, creaae.

both la Tonnaga mille cru.a bullion marketed era noted la tha re lurna for Jun. r.co'vod hy tha Ontario uapai'tmant of MinM. goia mine, of Ontario. Qr. milled totalled 301,645 ton, and tha value of th.

crud. bullion marketed amounted to $2,537,860. producing mine, In lha order of Holllnger. Mclntyr Vipond. iayinaler and Night Han Penlnaul.i h.

ini, rieiu take there, Wrlght Har.re.vea. Teck llughea. Toush.iia.1, uuuiiiut ana Argonaut. lha eahmaud int.i i proaucMon or ForcUDlne inH kirL.i.nj 1 imm Ior tn, J.TT.i'?MB,",h:..,'..,f?' for tha year if ouiput contlnuoua at in. K.vuucon in ,.50.295,545.

COKE OUTPUT HIGHER OTTAWA. Ont li n. iwj '6 totalled nun accoiuiiig 10 a revised atat.m.nt just Is.vied by th Dominion bureau of statistics. Of th. total output 1,110.710 tons wars mad.

In planta producing metallurgical coke aa th. IUUII, .3 tona wer. produced si a hy produrt plants ano 43,188 tona of petroleum Cok. wer. l.uill on rennerles.

In liii'4. th. int.i of cok. In 'snada amounted to 1.4S6, ions. Th.

six Manta In th. i.i....... rpresnliug a capilxl investment of cany .1 nuiion noiiars emplnved bM persons during the year and paid out 6SS1.637 In sslsnes and wages. Material, north ncra convened Into products having a aellng value of 1I.I93,4:,S. In the same plants bad so output valued at 43K.162.

Of th. planta three wore located In Ontsrin; to In Brltl.h Columbia and on. in Noa Scotia. EXPECT TAX REFUND TOHONTO. July 17 Toronto automobile dealer, are hopeful of receiving ahortly one quarter of th.

amount of th. refund of the luxury tax paid by them on new cara on hand but unsold when tha remission of the luxury tax became effective Pecember 1S25. The alatua nf the matter waa left In the air bv the dissolution of parliament. A sufficient amount had been put in th estimates but parlln. ment dissolved with only on.

quarler of the estimates psssed. It Is under alood that refund will ha mad on this basis. WBnTERX CO HP A Mr OTTAWA. July 17 The foltowing went, srn Incorporations are tven puMlu notice in the current luaue of tha Canaila Gatttsj Mcvero fftuflloa, capi'al aortf of 75 ryy). Winnlrejr; Karmeia ('o operntle Colle lea, Edmonton; Rheo Oils in1 laa fompanv.

stock of par Winnipeg; Manaaera Mmtted, noo. al Pooled investment 1100.000, Cttl 3. A. BANKIELD Mr. Kanfielii, prominent Winnipeg merchant, aqaln becomes creslilent of th Ketail Association, after a stiff contest.

Mr. Banfield has hes'l'd thia association on Severn! occasions. BIG CALL FOR HUDSON'S BAY COMPANY STOCK Projected Development of Oil Rights Arouse Interett in London LONDON, July 17 Slock of the Hudson's Hay Cornpsny was In demand on I he Stock Excliansa the latter, part of this week, on the announcement that the company had a minted with E. W. Marland fur ixploitnllott and development of the company's oil rights In Canada.

A new company will be organized under th Canadian law, and the nucleus of a geological stair has already been appointed to make a complete surv'ey. The reduction In Interim dividend of the world famous textile firm. Court aulds, haa naturally created a depressing effect In the stock markets, for while the directors' derision may be attributed to a very prudent desire to conserve resources, 'In view or the Intensive competition In which the company is enraged. It aim gives rise to heavy speculations concerning the artificial silk firms which hsve floated on a high tide of popularity for the last few years. The market value of Coiirtanlds' Isnurs fell no lens tlmn nine million pounds tnwsrd the end of laJt we some recovery has since talien place, however.

Speculative Industrials of a different category were hnrdly hepped by the proceedings st the meeting of the directors of I.iptnn Tea Company, when a email group of stockholders, exas perated st the sdmlttcdly unsstlsfac tory financial report, roundly suggeste I that Sir Thom should "take a yacht Ins trip for a year" or thereabouts, enabling the new denuty chairman, the eminent flnanclor. Sir John Ferguson: to get a firm grasp on affairs of the cornpsny, the suggestion, however, was not pressed, and lr John, without Indulging In raali prophecies, conveyed the Impression that the company was quite capable of returning to Its former prosperous state. Pesnlle the fart that Coventry, thanks to Its hustling motor Industries. Is ss prosperous now ss any Flngllrh centre, the public afihscrlhed oulv 22 per cent of Its loan of one million pounds In five per cent bond. Of six important trustee loans Issued recently to a total of thirteen million pounds, the general Investor provided little more fhnn four million.

TORONTO SALES TOnrtN'TO, July 17 Sales on thl morning's Rtock Kxrhnnge follow: Hfi Rraxillnn, T. P.M.: IS Purt. F. N. 2ft F.fllcorles.

.1 5 Cons. Smelters: 2S fan. fanners, 1ft Kelvln ator: l.nr.o Int. Nickel: 5 Rogers, 17ft Mnesev. Harris: 10 Steel of com 35 Steel of pfd.

FIND TRADE STILL STEADY Retail Trade is Fair in and Around Winnipeg WEEKLY MINING REVIEW Activities in th Lak Winnipsa Basin and to th East On Friday a one ton truck was shipped Into Riverton for the Gov ernment road into Bice Lake. It will operate on the new (iovcrnmeit road between tho Selkirk Landing and Littlo Rice Lake, a distance of 10 miles. This will eliminate the long wall! after leaving tho boat at Hole River. A neiv boot Is being built on Cariboo Lake large enough to cross the lake no matter how big aeas may be running. This Is a much needed strengthening of the route through Riverton.

It is exported that the motor truck will he operating hy Tuesday in time fnr the prospeclois noing Into the country. Hiking Eliminated The road Is In such shape that Barney Cuinpbell, Government road engineer, is confident that the motor truck la entirely feasible In even moderately dry weather. The horses will still be available for wet spells but the transportation line will be speeded up a great deal by th Introduction of motor transportation. This is the first time that any road motor transportation has been available In to Rice, Bulldog and Long lakes. A man will now be able to Icavo Winnipeg on B'rldny or Monday evening and to arrive at Long Lake exactly 4S hours after leaving thn city.

Hiking will be almost entirely eliminated aa lie teams will be used over the rock roadbed between Little Rice and Cariboo lake. Midsummer Quiet This Is the fly season In the mining rountiy. Hardy prospectors are still following their avocation there, but the rush of tourists, travellers and new prospectors Into the country has been slowing up pending cessation of the fly nuisance. This applies equally to all the mining areas. At th Pas The Pas mining district Is making substantial headway.

New of the final shipment of ore to Denver from the Klin Klon Is welcome to those In the northern town who hae waited year to aee development work proceed. At any time now an announcement I expected that financial arrangement have been completed with th Government and others Interested for building of a railroad to the property and development of the 300.000 horsepower site on the Churchill River. At Red Lak Pf high Interest In the current' mining new of the week have been the activities of Dam Rumor regarding Dome snd the plans for lack Tammell. syndicate trust e. Thi much la certain, however: Poms Is waiting to se what Urn The weekly trade report of the Canadian Credit Men's Trust Association, Ltd, reads: tS.

John: Wholesale trade reported to be normal for thia time of th year and retail trade good. Collections fairly good. Montreal: No material change has been noted In either th wholesale or retail trade since our report of last week, although sales appear to be normal for thia time of the year. Collection slow to fair. Toronto: A gradual improvement la still being ahown In both wholesale and retail lines and busines generally la considered satisfactory.

Collections slow to fair. Winnipeg: Wholesale trade conditions reported to continuing steady, retail trade fair. Collections normal for this time of the year. Reglna: Wholesale trade report ed to be somewhat quiet. And re tall trade slow to fair, being the usual alight depression on account of holiday season.

Collections slow. Saskatoon: wholesale trade re ported good and retail trade very good. Collection fair. Cropa are very promising In the district. Calgary: There la very little change at this time, business continuing just fair with collections Inclined to be slow.

Crop prospects splendid. Kdmonton: Buslneaa generally and collection good. Crop report for most surrounding districts good, although some area badly In need of rain. Vancouver: All lines for wholesale and retail trade regard business as good. Collections fair to good.

London "Cold Shoulders" New South African Loan LONDON, July 17 The South African government's loan of 4, 000,000 five percent was left with tha underwriters to the extent of 74 percent. In other words, the general public subscribed only one of the four millions. Like Australia just previously, South Africa seemingly deemed it superfluous to provide. the British Inveator with details concerning her per rapita debt, which was undoubtedly responsible in some measure for her present "cold shouldering'1 In London. Nevertheless, the market here Is palpably suffering from a surfeit of the new issues.

EXPORT NEWS IW. K. Held Co. Ltd.) LIVERPOOL. Broomnall World', ahtpinenta ara expected to ba considerably smaller, although North Arneilc.

axporta will no doubt bo larger. It la thought that the Australian ahipplnc aeaion haa coma to an end aa auppllea remaining will b. required to furnish New Zealand with her deficit and perhap, aoma ra importatlon will b. necessary. Tha weather In Europa little better and Germany now expert, to hava oer average cropa.

There mere heavy secondhand aalea reported In tha United Kingdom yesterday, mostly to mlllere, but very little new buying of foreign wheal aa France la reporting better condltiona in tha North. An official crop report from tha Argentina aaya that the wheat acreage will probably show a alight reduction compared to laat year, hut that solving la atlll under way In tlie South. II HE I.OSSKS TORONTO. Ont July 17 Fire leases In Canada during the week ended Julv 14. are eatlninted l.y the Monetarv Time, at H660OO, compared with SHOR501 the pre.

vloua eek. and with S5R6.400 tha enrrea pondlna week of laat year. may promise In th way of development at Howey Red Lake and Ham mell is prepared to take over the mining plant on which Dome has asked for tender. This waa stated by Hummell himself in Toronto the other day. Diamond drilling Is aald to have neen resumed on the Howey.

accord ing to Red Lake reports, two drills nie being set up several hundred feet aouth of tho ore gone and the holes are to drilled at a teen din. in dicating that It Is the Intention of the management to obtain Information about about the ore hody at a much greater depth than has here tofore been the case. All the holes drilled to dale have been relatively shallow, and while they have no doubt given a great deal of valuable Information about me ore deposit at ft certain horlron, it is believed that owing to the in. variable flattening of the drill holes no hole could have Intersected the ore gone at a much greater denth than 300 feet. Judging from the preparations now under wsy.

the new series of holes will cut the ore somewhere between 600 and 1,000 reet vertical depth. The whole camp Is rreatlv heart ened over the apparent decision of the pome to push vigorously ahead and there is no doubt whatever the exploration In the district wMU receive a great stimulus as a rcsuU. Noranda's Strength The steady strength of Noranda's shares Is without explanation further than the recent report that they have opened what Is said to be the richeat copper ore body so far found on the 300 foot level. The ore Is said to contnln 30 percent copper. In two days, for Instanre, trading slock advanced 67 points.

It is difficult to obtain any details regarding this strike at present. J. Y. Murdoch, the Noranda president. Is sway on his holidays and the managing directors are In New Tork.

Developments on Horn A "teat deal of development work been proceeding quietly at the 1 'to property. The management hua adopted a policy of reserving Its announcement for periodic progress reports. Ther will be no report for at least month. In the meantime It I known that development are proceeding most satisfactorily and preliminary work Is being carried en while waiting for the delivery ef power from th Qutnze flevelopment. The completion of the branch Una railway will ba the signal for broader activities In.

bringing the Horn inln Into production. The construction work I proceeding and It Is expected that trains will be running by August, WHEAT July Oct. Deo OATS July Oct De BARLEY July Oct Dee FLAX July Oct. Dec RYE July Oct Dee Onsn 13 148 142.143 48 46 45H 63', 62 211 216 216 10614 108'. 109 AMERICAN WHEAT Prv, MINNEAPOLIS WHEAT Oon High Lew Cless Closs July 171 171 1694 1697 171 Sept 1551j, 156, 154.

155, 164'i Dec 163'j 164'4 162 153'4 1524, CHICAGO WHEAT July 14514 146 144' 4 1467s 145 Sept 144', 144 146 145 De 147' a 148', 147, 148( i U.S. GRAIN MARKET Prv. MINNEAPOLIS OATS Open High Low Clot Clos July 38', 38 38', 38 39 spt 39', 39', 39 39', 39', 0e 41'4 41hj 41 41'4 411, CHICAGO OATS July 39', 39' 4 39', 39' i 39 Sept 41 41 41 41 41 Dee 44', 44 43', 44), CHICAGO CORN July 77'i 76'i 7714 76H Sept 81's 82 81 82 82 Deo 84! 4 84 83 84 84! 4 CHICAGO RYE July 106 105 105 105 104 Sept 108 108', 1071', 108', 106 Dec 113 113 112 113 111, MINNEAPOLIS BARLEY July 68' 4 68 Sept 69' 4 69', 69 69 68 Oee 71, 7114 71 70 DULUTH FLAX July 248', 49', 248 2487, 248' 4 Sept 252 253', 251 252 252 Oct 253 253 251 252 261', WINNIPEG LIVESTOCK 5 8AI.EH. Reported up to p.m.. Friday, July 16 Butcher No.

Av. wt. Trice No. Av. wt.

Price ifi 60 SO R00 6.00 1 8 00 11220... 7 51 4 llftO lMAO 7 SO 1040... 1 7 00 1015... Hut "her Heifers 2. 9.

if, 21 41040... 3 870... e.2 1010.... 6 00 2 640... (owe, Csnnera and Cotters J5 50 0 2ft 8.00 1 1040.

2 611 00. 4 990. 2 b00. 1 710. J4 7S 4 50 4 no 400 4 on 3.75 BB'l.

7 10 820. 6 FOrr. B40. 4 790.. S5 50 3 25 3 25 .5 00 200 1.75 Bulla S.S0 11450.

Ntotkra $4 10 610. 4 00 9 470. J50 3 710. 3.30 6 580. Cahes 00 2 210.

8 00 2 240. R0O 4 140. 7.50 2 480. Ilacnn .15.12, 1 100. IS 12 2 210.

Thick Smi S3.50 1R 520 4 840. 9 620 2 760. 2 215. 1 300. 2 150.

4 180. 5 195. 2 160. 8 iao. 4 110.

6 210. J5 25 3 25 3.00 3.00 17. SO 700 6 30 5.00 .115 12'i 15.12',, .5 7.. ts 115 115 15 .3.75 4 13.71 2 10..., 13.7'i 220... 13.75 Heal lea $12 75 I 260.

F.ttrn Heavies 75 11.25 l.islit, and Feeders 1 2Rri. 1 615. 3 110.. $14 75 6 150. Snwa No.

1 $12.00 2 525. 11.00 1 325. 10 50 1 240. Him a No. S'i on 40.

9 00 1 S30. Miops 111 no 1400 .114.75 50 10 00 1000 $000 9.00 1 110. 1 210. 4 L0. 11 410 2 4P3.

1 1T0. 1 14V SHIPPING NEWS rnrtT wil.l.lA5r. 17 Move ment of grain continues sloeA only two osela clearing from til. twin pons oi Port William and Port Arthur rlday. They rarrled 497,000 liuahela of gram.

Four veeaela are loaning inri inreo ar. waltinir Not one boat la en route light for grain. Flv. package freighter. are due.

Following ars Friday movements in thn twin poets: CI ared Kamloops, Monrr.ai. wnm and harley; Glaneaglee, Fori McNIcoll, wheat: Alberta. Port g'Slreii, nonr. In nort Hayton. Oniadoc.

(ilenlffer. fllenroia. loading grain: Canadoc, River ton, Newhrundoo, waiting or.iera; yaenoc, SeRkadoc, Home Smith, making repairs; Keewatin. unloading. REPRESENTATIVE SALES CASH GRAIN, JULY 16 Ca ra No 1 No.

I No. 1 No. 4 Car, No. 2 No. 2 No.

2 No, 2 Wheat Northern Northern Northern rials r.5' 1624 164 165 1454 4H, 4 14 411 45 4.5 4 I' 5V. Tnurh W. Tough No. 3 No 1 Cara No. 3 No.

3 ed Tough Barley 415, 654 6.3 4 65 61 61 0 594 0 No, 3 No. 3 No. 3 No. 4 Feed Feed Tough Tough TRAVEL EAST VIA THE REFRESHING INLAND SEA ROUTE On your way to the east this summer have your ticket Include tha de llghtfully refreshing Great Lakes trip from Fort William to Tort McNIcoll or Owen Sound on a palatial Canadian Pacific steamship. Three sailings weekly Wedne.

da.a, Thursday and Saturdays from fort William, making direct connection for all eaatern points. Ask th Canadian Pacific. Ticket Agent sbout excursion fare, he will gladly give you literature and full Information. Advt. IthE a cJ TO STOCK MARKET TRADING A copy of thl valuable 60 pag guide, explaining every method of trading and Inveatlng, aent fre on request.

Establlahed 1SII KENNEDY CO. 4 BROADWAY. KEW erw. Lait High Lew Clot. Closa Y.sr 183 161', 162a, 1917, 171 148H 1431J 14614 144', 146'.

143 141U 143 14ir5 143, 48' 474 48 48' 86'. 46H 461, 46, 464 60' I 45'i 46'4 45'4 45, 64 634 634 63', 90 627, 621, 6, 624, 76', 62 eni 61(4 61S 21 211 21'a 211 226', 217', 216 216 226', 2165 216 215', 214 219 1084 4 106W 105' 101 110 110 10814 100 111 109' 111 109 WINNIPEG CASH PRICES These price, are alwava the quotatlena on ta.h giaina at tha tima of cloaing ta. future market; Prov. Wheat Cloee Close Xo. 1 northers Ib4 165 4 No.

2 northern 15S5, 1594, No. 3 northern 15154 1445, No. 4 1457 14414 No. 5 1.54'. 134V, No.

6 HBw 11B'4 Feed 9B'i 98 '4 Track Ic.2 161 No. 1 Durum 1371, No. 2 Durum 157S No. 3 137 4 No. 1 touuli 1535, 152 4 No.

2 toiiiih 1527 151 Ta No. 3 tous i 148. 147 34 N'o. 1 amuttv 1451, No. 2 smutty 145), A aaiutt 1421, 140 '4 No.

1 rejected 1564 1S5, No. 2 rejected 131 4 15054 No. rejected 145'4 No. 1 Red Puruin 153S 152 No. 2 tied Puruin 131 150'4 No.

3 Red Durum 12754 1 Kola 14R1. 147', No. 2 Kola 145'i 144', 3 Kola 141 110t4 Screenings 300 300 Oate So. 2 C. 55 49 No.

3 r. 5V 45 451. El. 1 Feed 45 45 "4 No. 1 Feed 43 434 No.

2 Feed 40 40 4 Rejected 38 38 '4 Tie 4k 48 481, Flax No. 1 N.W.C 21l'4 211 St. 1CW 207 4 207 No. 3 191 "4 191 Relerted 1BI4 181 Track ills 211 Barley No. 3 5V 6.3 63 No.

4 W. 624 625, Itelected 614 61 Fee 604 60k Tra.k 6354 63 '4 Rye No. I C.55 105 1054 No. 2 C.55 1054 No. 3 C.5V 101 4 1004 Uel.

3 1 1004 994 rejected 904 fO i Track 1054 1054 CONSIDER ATHABASCA TAR SAND EDMONTON. July 17 De elopment of tha Athabasca, tar sand dt posits for road building purposes is cnntemnlated In a nrolect that la now being discussed with the pro. vlnclal government by R. D. Can field, the California highways expert, who has been looking over the ground recently with a vlow to tuning tip an Industry in tha north country.

Mr. Canneld I laying his pli.ns before Premier Brownlca and tit railways department. SCORED IN WHEAT FUTURES PRICES Net Gains of Y2 to 1 Cents Registered Market Dull, Trade Volume Light Midsummer Bond List Our new Bond List offers a wide selection of Canadian Government, Municipal and Corporation Bonds, yielding from to fK Copy gladly furnished upon Gundy Limited TortRito Lindsay Bolldlnj Montreal Wlnnlpsr Winnipeg New York London, Oni Nephone: A2864 I London, Eng. OSLER, HAMMOND NANTON ESTABLISHED 1883. LIMITED Stocks and Bonds Investment securities bought snd sold on exchange In Toronto, Montreal, New York, and London, England.

Private wire connections. Montreal, Toronto, New Tork. General Insurance Allianes Assuranes sf Lsnden, England. Law, Union 4 Rock Insurance Ltd. N.w York Underwriter' Inauranes Co.

Northern Assurane Co, Ltd. Qun Insurane Co. Wten Aaauranca Co. Gusrsntss Cornpsny sf North America. Gait Coal Liverpool market closed un.

changed to 'sd lower. With exchange at $4S3'i this flgurss at 11.72. for July and 61.S0J, for Oct. wheat. i Spreads wars: No.

1 Nor. wh.at, 2c evr th July; No. 2 4 un. 4 No. under) No.

4, 1 77 under) No. 5, 11 under Oct.) No. 27 under) No. 2 C.W. eats, 1 ovse July) Ne.

3 barley, July prioet No. 2 rye, July price) No. 1 N.W. flax, July prle. Receipts, 248 cars, wheat 14, 5 eats 74, barlay $1, fax 4, ry 1.

Last year 354 cars, wheat 172. Dsliverisst Oats 2,000, barley 37,000, flax 31,000, rya 21,000. Wheat price loored further gains during today's short session on ths Winnipeg Grain Exchange. Trading was not nearly so heavy as on Frl day and was quit dull most of ths time. Future registered net gains for the day of cent In the July and 11 cantts In each of tha October anil December futurea.

Although the remarkable gtrength displayed at the opening waa not maintained and there waa a moderate reaction later, there was llttl selling pressure, and there appeared to be resting orders to buy on ths dips. Profit taking on Friday's bulgs waa on a large scale, but today's evening up trade did not Indicate as overbought condition. Export news was conflicting, bul It la claimed that there Is some direct business In Manltobes. There ara also reports of cancellations and re selling. Better weather Is reported tar, Europe, more favorable for harvest.

Reports from China and Manchurlft are, however, pessimistic, and fears of widespread famine are Indicated In dispatches. The great mills st Harbin and Mukden are idle for Inch? of wheat to grind. Weather over the North America spring wheat territory Is mostly dry and moderately warm. There havs been some destructive hailstorms, hut the areas affected are not exten give. Trade In grain futures was very dull, but prices were quite firm, especially In rye and flax.

The rangs of fluctuations was narrow. Trad In cash trains Is curtailed bv lightness of ofrerlngs. Ther Is fair demand and No. 1 Nor. gained 54 cent on premium selling at Jc ov ef the July.

Rome of tho lower grades were eaaler. The cash markets tor the coarse grains were dull and fcat ureless MODERN MILLER REVIEW Th. Modern Miller says Tisles throughout th. entire winter wheat belt ahov. expectations.

Modern Miller full crop enquiry indicates Kanaaa 150.000 000 buahela, Nebraaka 38.000.000. Oklahoma 75.000.000. Illinois 32.000.000, Indiana 30.000.000, xOhlo 32,000,000. Increased acreage In Illlnola reports yields abov expectation, eprlng wheat eron benefited by ralna. Production oatimata North Dakota 65.000.000.

Montana 52000,000, Minn, apotted and haa half crop pres. peels. South rtakot almoat crop failure Conalderable acreage will not b. cut, Mills generally aetlva buyer, of wheat. Movement In soft wheat territory mod NEW COMPANIES, TnrtrtNTo, Jutv 17 New enmpan lea to thr Lumber nf 74, with stithnrlsed capital of $13, 124.000 were reported to tho Monetary Tltnea during thn week end.

ed J.iiv 10. compared with 111 companies and with R5 companlea wi'h $23,091,000 and with S' companies Willi $23,091 0Or) capital th. cor. eapondlng week of laat year. CORRECT' CLOTHES Ar Custom Built Cloth, by Duncan Cameron Msrehsnt T.llor Established 1199 307 Fort St.

Phen A272S WINNIPEG. tenith Coke Fuel McLeod River Coal.