The sun., 1919-05-20
BULL PRICES RULE
TORONTO EXCHANGE
Labor Troubles in Dominion
Fail to Daunt Investing
Public.
CALL FOR INDUsTRIALs
Steamship Lines Show Increas-
ing Popularity Maple
Leaf Takes Leap.
CALL FOR INDUsTRIALs
Especial DsspaseA 10 TIE sus.

bull market on The Toronto Stock Ex-
change seems to have arrived. for dur
ing all last week. even when the New
York market was rsacting, there was .
continuous strength and activity here
Labor troubles doomed at many points.
eliminating In the general strike at
Winnipeg. but nothing seemed to daunt
the investing public Toronto trading
Ia not on q large scale. compared with
some Of the other stock exchanges OF the
continent, AZ investment usually trans
oends speculation ~ Q motive AZ tho
same time there were high f1gurea run
ming some days beyond 5000 or 1000
shares. AZ the week closed Industrial
clouds were exceedingly black. but Sat-
urday saw no drop in interest - II
seemed that q safe navigation OF the
troubled labor waters was taken for
granted.
Industrial stocks were much 60 che
'front.' though Canada Steamships was In
reality the heaviest trader Over 1900
shares Of this stock changed hands dur
Ing the week, but Saturday found really
little change in price. Steamship Lines
mas been increasingly popular on the
exchange for the past fortnight, al
tnough there was little news to throw
light on the cause. officials Of the COM
pany would doubtless say the stock was
too low anyway. II will be recalled that
the dividend Of per cent, per annum
on common began early this year, and
as the stock Is now selling around so
Is not unreasonably high. Tho Same
might be said Of preferred. which is
now around sc and which bears a DER
cent dividend.
Another heavy trader was Maple Leaf
common, which had q spectacular rise
on Saturday to 1875. or a gross advance
TOR the week Of az points. Maple Leaf
u seldom inactive for any length of
time, as is natural with its lavish divi-
oend disbursements OF upward OF 20
per cent. with bonuses, during the last
couple of years Its friends say Il is
on the straight road for 200 now. but
mat is something for the future to un-
Told. On Saturday It dominated the
market so completely on orders which
seemed TO come from all quarters that
no one can quito tell what next to ex-
pect. The company's chain OF non,
mills In central and western Canada are
an important part Of the country's IA
ciHties Tor big export trade In this
product -'
Steel Stocks Slow,
canadian steel stocks have been SLOW
10 respond to the upward movement
though Nova Scotia common gained bL
points during the week to SO. The lead
ership in this advance came from New
York, and the view Of the company,
officials Is that the stock had been to,
low. Certainly on that quotation n
per cent stock Ia not robbins its owner
Az present the company is operatinf
snghtly under fun capacity, and the out
| look Tor the immediate furturs IL no
| OF the brightest, though II is expecto,
that as soon as there is reasonable sta
bilizing OF steel prices there will h,
| plenty or orders. The company has beeI
| having q dispute with the Dominion
Steel Corporation over rights on under
sea coal areas In the Sydney Harbor, blu
this dispute seems to be removed by IN,
passage by the Nova Scotia LeEislatur,
or bill providing for an investigation O
the subject, with view to apportioninJ
the checkerboard coal deposits to tn
best economic advantage.
some OF the transactions and special
| ties on the Toronto list have figured &C
lively during the week There Is, 10
example, the Brazilian common. whIcl
| represents large traction and other prop
critics in and around Rio de Janeirc
There is generally large speculativ
interest in this stock. and II has show
an advance Of 8 or 4 points recently
The stock has been at a discount be
cause of the low rate OF Rio exchange
but with the recent improvements ther
the stock has promptly responded. Bar
celona Ia another foreign traction, 10
tcated in Spain. with quite q followin
here. The line has been in much troubl
of late from n strike. but the stock mad
Thnr al
Of Mackay cohmon In this city an
province, but It has not been active 70
some time past Last weeks tradin
was around 80. and without special sig
nificance. A few purely Canadian en-
| terprlseS like Canadian Locomotive, Ca
madam General Electric. Canada Ce
ment and Dominion Camera have ha
fair activity, and developed slight ad
vances. Bank stocks are not on III
active list at present, and have had fey
changes of any account.
Mining stocks have been a feature o
the Toronto Stock Exchange, refiectin
their great activity on the Standar
Mining Exchange, and, generally speak
ing. keeping pace in price. The mimi
market has had a great boom for tw
months, reaching the point early Las
week when upward OF 100000 share
were sold in one day. The end OF III
week, however, found the third day c
reaction, as profit taking seemed TO hav
become general. Only few of III
stronger stocks held up under the Sc
ling, even Hollinger reacting from $7,6
to S725. Nipissing fell Off from $13.3
to $3.50 and Dome was also slightl
down. La Rose and Temiskaming wei
strong points. even to the end OF III
week, apparently in sympathy with tn
higher prices of silver which had d,
yeloped. All the news from tho mort
is favorable, and there Is no reason (
expect any serious break In the mimi
market
Each day brings interesting tales {
new finds or of sales of property to II
terests who are certain to develop to II
utmost. Northern Ontario has dor
much TO enrich the province. and nal
ing allowance for the reasonable pr
portion OF failures as is always the cas-
there should still be heavy returns fro
the gold and silver mines yet to be d.
|, veloped.
The following Is a summary OF Il
weeks trading on the Toronto Stock z!
change:
TORONTO STOCK EXCHANGE SALES.
: Week ending May II. 1919.
a,Ia. Hlah Low Clos