The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-01
BUYING INCREASES
ON LARGER SCALE
Many Canadian Securities
Show New High Records
as Strikes End.
PULP STOCKS POPULAR
General Business Good, With
Export Orders Adding to
Activity.
PULP STOCKS POPULAR
Special Correspondence. to rns SON.

| oVcCtut OOfTcSpOuucuce 70 DUN.
MONTREAL, June 3o.-Buying Of Ca
madam securities was resumed on a
larger scale in the last week. the mar
kets taking on tho active and buoyant
| appearance OF a month ago. New high
records were common through the list.
with pulp and paper stocks again prom
| inent as a group and specialties OF no
| particular classification also in favor.
Favorable influences included the
breakdown Of the general strike at Win
| npeg and the confident tone of the
stock market ut New York. With the
Bolshevist movement at Winnipeg de-
feated In no uncertain fashion the fears
of a month ago that the industrial stu
alton would continue grave for a long
into thin air. Labor disputes continue
at a number of points. but there has
been a complete subsistence of the revo-
lutionary tendencies SO pronounced In
the Winnipeg dispute.
General business is good. with orders
for export under the credits recently ar
ranged for European countries adding to
activity originating in domestic require
| ments. Plainly, stocks OF goods are low
throughout the country, and the process
of replenishing these, supplemented by
q BOOu export ITdue, hetp pusi-
ness active through the balance OF the
year. Crop prospects. too. continue good,
with recent estimates showing an In
crease in the acreage under wheat
AS to New York the Canadian market
experienced considerable relief from the
ease with which your stock exchanges
met a tight money situation. Domestic
bankers are inclined to look for fairly
easy conditions here through the sum-
mer and a considerable Improvement In
the New York situation once July l pay
ments are out Of the way.
Strong and active features OF the Can
adian list included in the paper list the
common and preferred shares of the
Spanish River Company, which sold at
new high prices for the movement; Ma
tional Breweries. which again asserted
leadership among the specialties and
variety Of low priced common stocks.
Breweries, which was the sensation Of
the Spring market when 1t advanced
from 20 to 1884, set out on new up
ward career in the past week. After re-
acting about 6 points from the high Of
the Spring rise and then ruling dull and
steady for a couple Of weeks, Breweries
scared 33h points in the past week to
a new high mark of 1881. Familiar
gossip as to large earnings and the prob
ability Of an increase in the dividend
from the present 6 per cent, rate ac-
companied the movement. The stock has
acquired speculative favor, and any
movement now attracts a following very
quickly. In the final trading on Satur-
day profit taking forced a sharp reaction
to 161.
The steel stocks were inclined to lag
Notwithstanding bullish gossip Of nego-
tiations looking to a combination OF Do
minion Steel and Steel Company Of Can
ada, rather than the oft discussed Do
minion-Scota Steel merger. Steel Of
Canada sold at a new high for the year
in the early part OF the week but lost
part of the gain later. Ames Holden.
Macdonald. Canadian Car and Tooke
were prominent among low priced in
dustrials. Power stocks were quiet but
steady.
In the bond market trading in the war
loans was on a relatively small scale
and prices were inclined to sag. The
selling was inconsequential. however,
and the dulness reflected chiefly the
completion of buying stage incident to
the new income tax measures.
The following table gives the total
sales. high. low and last prices and net
changes of all stocks and bonds traded
In the Montreal Stock Exchange for
week ended June 2s, 1913: