The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-08-19
TORONTO EXCHANGE
HAS AQUIET WEEK
Steamships and Brazilian Com
mon Show Speculative Ele-
ment in Trading.
LITTLE CHANGE IN STEEL
Gold Stocks Come Back Strong
ly on the Mining Ex-
= change.
LITTLE CHANGE IN STEEL
Special Correspondence to the Canadson
Gectton Of TIE SUN

Special Correspondence to the Conddyan
Section Of THE Sun.
TORONTO, Aug. 18.-It has been a
quiet week on the Toronto Stock Elk
change, with little TO attract notice or
to form the basis for inference. The
speculative element was largely lacking
from the trading, though there were
signs OF II In the case of such stocks as
Steamships common and Braxilian COM
mon. StsLmshlps after selling up to IS,
closed at 52h with a net gain OF IN
for the week. The volume in this stock
was more than quarter of the whole
listed shares There has been talk Of q
higher dividend. but no evidence to show
that this would be Forthcoming.
Brasilian Ia frequently a favorite with
spectators, and this week II went up
to SIX but closed slightly lower than
the previous week at IS. Maple Leaf
common made further gains, selling I'D
to 17s. Another flour stock seldom ap-
pearing on the Toronto market was
Western Canada Flour. which registered
a 80 point gain at 10, closing at 100
This season of the year is naturally
n good one for flour stocks with the
harvest coming In and the mills faced
with good business for months ahead.
Steel stocks were comparatively quiet
and with little change In price, Pacific
Burt common, a speciality with quite a
following made gain Of 9 points to
81. closing at the top. There was scat
tered dealing in bank stocks with ad-
vances In several instances. War bonds
were irregular with slight gains In the
majority of cases.
More significant was the movement on
had distinct Comeback" This was
especially the case with Hollinger, whose
semi-annual statement issued during the
week was a remarkable showing Of pros
perity. Hollinger rose from S6.15 to
1886 and closed at $3.50. Mcintyre,
Lake Shore and Kirkland Lake were
also strong and made substantial gains
II Is probable that the showing OF Hol-
linger Influenced the other gold stocks
There was also some strength In the
silver securities. especially Nipissing and
Beaver.
At the end OF the week II was expected
that a settlement would soon be reached
In the Cobalt strike. and when that
came the Kirkland Lake mines would
likely also reopen promptly There has
been reaction against the alien strike
leaders at Cobalt, and with the leader
ship and assistance OF war veterans who
are miners 1t Is believed that the power
OF the extreme radicals has been broken.
Hollinger's semi-annual statement COW
ering six months and ended June II is
the best statement SO far issued by the
company. The total income from gold
and silver bullion. Interest, exchange.
&C. amounted to s3.l66,625 and the net
profits were S1.51e.756. Out Of this
s73S,ooo was paid in dividends, and the
oompany's conservative policy Is shown
by the fact that an even larger amount.
viz, s7s1.756. was added to surplus. At
the, close Of the period covered 1.344
men were working at the mine. The as
sets Of the company are now s27,704,707.
while the capital stock is S2i.s00, 900.
the surplus S2.s53,043.
The following Is a summary OF the
changes on the Toronto Stock Exchange
last week: