The sun., 1919-05-27
WINNIPEG'S STRIKE
DEPRESSES STOCKS
Business Falls Off and Prices
Sag in Toronto Exchange
Transactions.
REACTIONS ARE SLIGHT
Mining Issues Get a Bad
Start, Room Traders Tao
tics Being Blamed.
ARE SLIGHT

TORONTO, May 26.-Though the Win
ni2eg general strike hung over the Do
minion like a threat of something much
worse. traders began last week on the
Toronto Stock Exchange bravely enough
I'VE will not be discouraged on with
the bull market: we never pay attention
to strikes" they said.
For the first day all went well. Then,
as the strife did not end. more heed was
paid to It. The second day the market
was not qQuQiqte 80 confident. with
some says in prices. Perhaps the Street
was watching. after all So as the week
wore on more notice was taken and
there was tendency to weakness Some
brokers put on good face and said 1t
did not mean much. but the majority
saw the cause and the effect.
1T just means the buyers are not out
for stock; that's ALL" they said, and
they hoped for speedy end to the
trouble. As the days passed there was
some selling of stocks.
Were the strike purely a Winnipeg af-
fair 1t might not matter much. but To-
ronto was threatened with a general
strike of Its own. Several other cities
are the scenes OF similar agitatora
Business hnds itself in a new world
and the future cannot qquQiqte be faith
carded to a great extent. There Is the
alien labor agitator. whom most people
now condemn. but his influence cannot
yet be determined. nor Is II clear whether
he will be deported or allowed to re-
main. A hopeful sign in the Winnipeg
situation Is a turn Of opinion against
him.
Though there was some reaction there
was continuous activity on the Toronto
Ns,van 49, =. a.
the week were made in the first day or
two. This was especially the case Win
the heavy traders. like Maple Leaf and
| steamships. These were again the mar
ket leaders.
A drop Of six points occurred In Maple
Leaf common on Tuesday, but II recov-
cred late in the week. There was nothing
| wrong with the stock to cause the
| slump. as was shown by the later ad-
| vance. The weeks close at 1877 was a
gain OF our points.
Steamships common closed slightly
higher at sou. while preferred at So "
was down / point. Bell Telephone
Rights took a prominent place In the
| market in view OF the new $4,000, 600
stock issue. with 3,006 rights changing
hsnds. but the price of s early in the
week was driven down to 81, and II
closed at 6h. At this price II means
|
the market price now having q premium
OF about $50.
| Spanish Rive preferred. a paper stock,
| had squirt in the week to s7%, but
reacted to s4B, a fraction above the
| week before.
Canadian steel stocks did not have
heavy trading and tendencies were ir-
regular Nova Scotia Steel common
went up points to "a and closed a,
! ~. Dominion Steel was also more
than point up at 81, but Steel of Can.
ada. both common and preferred. wa.
| ec sier.
Mining stocks had a bad start earl,
III the week on the Standard Exchang,
and the depression was said to hav,
been due to room traders tactics. Late,
there was partial recovery, especial,
by the stronger stocks.
News from the mining camps contin.
ues favorable and there Is evidence O.
fine go-ahead spirit In the north. TIL,
new gold camp at West Shiny Ire,
IS being advertised extensively, but 1
Is still in Its early stages and investors
sEculd approach 1t with caution.
Following is a summary of the week,
transactions on the Toronto Stock Ex
change: