Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 3, 1960, Winnipeg, Manitoba Winnipeg free press May 3. 1960 Page 15 Boac s operating profit at new High an. Operating profit of Over the highest in its history was made by the British overseas airways corporation during the past year sir Gerard d Erlanger chairman of Boac announced monday. The profit was made on Boac s own operations Only for the financial year ending March 81. The announcement states thai provisional figures for the fiscal year showed an operating profit on Boac s operations in excess of eleven million Dol Lars. After payment of interest of a Clear surplus remained on Boac alone of approximately compared with a London stocks tuesday. Assoc. Electric Babcock Wile of Canadian Pacific Central mining our Lauulu ism lip rubber Ron Elco Ltd fit b stores. Hudson s Kay Imperial chemical Imperial tobacco hand mines Sholl t t Unilever Ltd viewers Bonds British ii Jtj Consols War Loans a k0- 30 May 3. 1960 cd. Close tits 3d 36s 6d 61s 6d -9rt 3ss 9d 177s 6d ass firt b8s 9d 70s 5s 6d has 9d 35s Star ass 6d Lios 7 id is 3d 3ss -19s 177s so so 70s143s hid 1475 4 id 31f 3d 30s 6d i Haj s Montreal Trust vice president and director deficit on the corporation s own operations of just Over last year. In the fiscal year ending March 31, 1960, Boac s associated companies incurred a deficit of approximately after pay interest. This is also nearly better than during the previous fiscal year. Tight Money policies criticized Toronto w. Garfield Weston chairman of the Board of George Weston limited was Crit ical of tight Money in his address to the company s annual share holders meeting on tuesday. He said Canada is headed for trouble if the Canadian people Are deprived of their own Money through a tight Money policy for investment in the country s future. This in effect was what was happening As Large amounts came into Canada in investment from other countries. Any new company needs Money to make it grow and make business he said. In the same Way a new country needs Money to make it grow and make Trade company president George c. Metcalf was critical of prophets of doom As Well As tight Money. Over caution and Canada did not go together. When i hear business leaders discuss the evils of inflation and he need for he said i ask myself which is More important tight Money or More jobs. The answer to inflation is pro sell at lower unit costs. The answer lies in big thinking by the leaders of Cana Dian Industry. Reporting on use company s affairs he said the first Quarter of 1960 was the Best in the com Jany s history and predicted the year will be its most Triumph m. M. Walter the appointment of m. M. Walter to the Board of directors and his election As a vice president and member of the executive committee has been announced by Montreal Trust company. Or. Walter is chairman and president of the Royal Bank of Canada and a director of a number of Well known Canadian companies dynamic Petroleum Toronto special Dow Jones Hector m. Clisholm and co. Ltd. On behalf of clients has underwritten shares of Dyna Mic Petroleum products Ltd., at a share payable forthwith. Proceeds Are to be used to repay advances previously made to pro vide funds for the company s operations. Large 3 Storey Frame House available for demolition May 15th now tendering Call or write for full particulars Apex agencies Ltd. 205 Paris bldg. We 2-5451 Speed of print the world s finest portable photo copier Bond quotations tuesday May 3, i860 govt. Of bid ask 1 oct. 1960 9.60 100.0c 3 is dec 1960 99.50 99.9c 3 1 May 1961 99.00 99.4c 3 1 dec. 1961 97.70 9s.3c 1 oct. 1962 .102.05 102.4, 4 1 Jan. 1983 98.65 99.0c 5 5 1 apr. -1963 .101.65 102.2. 3 i 1 sept. 1965 93.50 91.22 2% 15 june 84.25 85.75 3vj 1 May 1970. 85.50 87.oc i 1 sept. 19v2 s9.50 90.75 3vi 1 june t7.50 79.oc 15 Jan. 81.25 82.7t 1 oct. 1879. 75.50 4% 1 sept. 1983 is so 90.oc 3% 15 mar. 74.50 76.25 8 pern 66.50 68.50 . 4% 1981. 82.75 84.2 . 1 Jan. 1985 102.25 103.25 provincials Ontario 96.00 98.ho Ontario 92.00 94.00 Ontario 5% 92.50 9-j.co Ontario Hydro 6 to 102.25 104.25 Nova Scotia 5ft 88.00 90.01 Quebec Hydro 5% 91.00 93.uo Man. 3% 1965 s5.50 s7.50 Man. Hydro 551 89.0o 92.uo sask. 414% 82.00 85.00 abit Ibl pow up 98.50 102.50 Alberta Gas to 1981 88.50 91.50 aluminium s6.5o 89.50 a Oil 1971 s9.50 92.50 Bell Telephone 19so 93.00 96.00 . Elec 87.50 90.50 . Telephone 1983 87.50 90.50 can brow s7.00 89.50 can. N. Gas 19s3 si.50 94.50 car 88.50 con Denison 96.50 99.50 con Gas 87.50 90.5c Dom stores 94.0o 97.00 Dom tar chem. 511 1978 90.50 93.3c t Eaton Ace 84.50 s7.5c t Eaton realty 3 1978 87 .50 60.50 it. Web. Gas 81.50 Hud Bay 77.50 s0.51 Imperial Oil 83.50 . 91.50 94.50 St. Lawrence c 87.50 90.5u trans c p line 87.00 89.00 North Star Oil 511 1977 91.50 94.50 convertibles Abi Tibi 95.00 97.00 brazilian trac 74.50 77.50 can Delhi 51i 1s73 8s.oo 92.00 can Pac Ray 86.00 s7.5 Cockshutt 87.50 91.50 Home oils 91.50 94.50 Loblaw Groc 123.00 slip Winigan 104.50 107.50 Simpsons Ltd. 104.50 107.su unlisted mines James dlr Hor Sun tuesday May 3, 1960 bid Advance re 3 Albino 44 Alexander Jil. 7 a Yuwan Bluegrass i i Ca deck 2li Canadian Javeline Svi Central in 4 Chib Copper. 12 Chipman Lake 4 Dunvegan 3 exp. Alliance forty four 4o Fundy Bay. 5 Len Burke 4 old Marque Gul por Hotston a dependent jeep Gold Samiac dec expanse . Maronge 2 9 3% Vorando Jun Echo a Novatin Man Echo 4 Mcfinley. 4 mid climb 20 Mirado j new Redwood 2w Nickel Lake Sipron Oriend 1 Scallia 16 Ine Point 9 pacemaker 2 7 Reston 370 que Cobalt 295 Sale smelting 12 ked bark 1 con 9 Rio Tinto. So Obin re so Snow lace. I 2h 3tali Lahe. I3 t. S 5tarlight 2 surpass 7o Trojan Jan Ridge. S valour Ridge 13 Westly. 5 ask 47 a 21.5 5 13 6 4 5 55 5% 6 7 4 7 4 13 9 9 3 12 s 27 12 55 5 5 26 7 3 u 4% 14 17 10 ii 4 9 3so 300 14 2 11 10o 24 3% is 10 4 7 20 6 Sidney roofing and paper co., Ltd., year ended dec. 31 1959, 2.21 a share 1958, 1854. S4.27. Rent it 50 month buy it or 224 Trade ins accepted of the. Make. Or the Model we will allow you. Up to Purchase of a Speed of print the electronic age copier makes Clear White copies of in Rhing you can put on paper and there s no constant cleaning and continual re adjustment to bother with. You can buy s Speed of print copier with All its proven advantages for far far less than any other 1960 photo copier on the Market. Moreover now for the first time in North America you can rent is Many machines As you require at the incredible Price of about 25c a Day where else Pray Tell can you hire a tireless fool proof Secretary for 25c a Day the modern Way the Quick errorless Way to copy anything on paper in any Colour is with the amazingly efficient and economical Speed of print photo copier. For just Complete with paper dispenser Thiis astonishing machine copies pen and Ink Pencil Blue prints typewriting printed material drawings photographs charts photostat mime graphing every Colour and it gives you Clear White copies one Side or both every time Secretary s Delight no Messy time consuming solutions to mix Speed of print answers the tire so m e developing solution problem with a disposable plastic bag clipped to the Back of the machine. When the cover is open the solution flows out of the tray into the bag Telephone today for free demonstration no obligation Racan photo copy corp. Photo copier rental co. 508 Mclntyre building 416 main Street Winnipeg 2, Man. We 3-5153 we 3-5397 new York stages brisk rally the new York Stock Market staged a brisk rally tuesday. Trading was moderate. Gains of fractions to More than a Point prevailed among most key stocks. Steels and motors were Active in the recovery drive which Fol Lowed four straight sessions of de Cline. At noon industrials were up 4.65 to 604.26. Late Selling monday tipped an irregular Market to the Downside but a partial recovery saved the list from penetrating its 1960 Low. While industrials took the Lead in gains Dow Jones noon averages showed rails up .48 and utilities up .11. The Toronto Stock Market held its head above water through Early trading tuesday but Only just. Western oils which hit their Low est Point on Index in five years monday gained .10 on Index by noon. Industrials golds and base me tals gained on Index. Trading was at a slow Pace and to noon volume touched the Mark com pared to at the same time monday. A Dull Market at Montreal showed prices lower in Early Trade but by noon a few gains wer shown. Industrials were Down on Index. The Montreal Bond Market was quiet and mainly unchanged. London Stock Exchange Price eased although Gilt edged stocks met investment support. Industrials declined. Winnipeg stocks Winnipeg Stock Exchange tuesday May a 1960 industrials bid Asket Anglo can oils Ltd bin 27.00 32.00 Ash Dom hardware a 10.50 12.50 Ashdown hardware b 13.00 16.50 22.50 65.00 Beaver lumber pad t Beaver lumber cd a Beaver lumber com Bird construction Canadian hydrocarbon 25.00 16.25 22.00 50.00 90.00 26.25 40.7b 10.50 4. 332.00 5.0c 9.oo s.66 2s.ou 23.00 6.00 new York stocks James Richardson sons tuesday. May 3, 1960 Prev. Near close High Low close Amerada 62 61h am t and t s7u 88 Stu Amer motors 27 26h 26 26% a lied chem 4s3. 32s 44 h 45v, 25 45ii 43h 63 Anaconda 50 at t and s be 22ti Beth steel 14 a 455 celanese corp 25 Chrysler 43 i 46 cons Edison 62 Zellerbach 44 i 46 46 .4 is i is i 88 Tsvi Douglas a Craft 2814 Dupont 20 a 24 .4 22 i 24 i Lastman Kod 107u 107% 107% Ford fi6vi 66 64 i 66 electric is i ss-4 s8u sett Elpaso 32 31 i 317i Gen foods 1o4h 106 i 10s 105 Gen motors 44 i 44 43vi 44 Goodrich tire 67 Goodyear tire 36 i 36 i 36 household f 30 30 Home stake m 40y, b m 449 454 450 454 enter Harv 42, 42v1 Mont Ward 43 h 43 425i 4.1 min sob is i Enn tar 13u w i rep steel 58 57v1 58 Ca or Royal dutch 38 .4 afe Ivay store Schenley distil 23 t. Reeis 41-Tib 4114 ears Roebuck 48 i 495i 48% land Oil 4 i m 43 41 to 43 Cony mob 36% hell of 32 32h i gift co 44 i exas 73 Jolon 26 26 Union Carbide 127 12651 United aircraft 34h 34 i us steel 75 75 i 74 s 75 u is rubber 50 i 50% 49 50 to vesting House s4 i 53 52% 53 Vilson 36 35 h Woolworth 64 u 6414 produce tuesday May 3. 1960 Rusen Arnult Ltd. Asparagus. In. Beets new so ibs. Cabbage new calif., cons. Carrots new. Calif., 50 Toa. Cauliflower calif., Doz. Elery. Garlic in. Green onions Doz. It Tuce head calif., Case onions ont. Cooking. Onions Spanish onions Idaho Spanish potatoes ., gems. 100 ibs. Potatoes. . Pontiac 100 ibs. Potatoes Sweet Parsley peppers. Man. Green in. Hadish cello Doz. Tomatoes. Mexican Casa. Commission House prices Batter Creamery ten durable 40 scorn Creamery tend Erable 39 non tend Erable .23 3.00 3.75 2.75 3.75 4.50 .50 .35 4.00 2.25 3.50 3.75 3.75 4.00 .4o .45 1.20 5.25 5274 .61 i wholesale dealers paying on average basis ungraded Cess delivered Winnipeg. Grade a. Larse. Doz.25 Grade a. Med.23 Grade a Grade 6 .18 Gradoc. Rail Grade and dressed paying prices to producers . Winnipeg less killing charges Chicken grades Abc Over 6 ibs.35 .30 .25 ibs.33 ,28 .20 4-5 ibs. .28 .23 .14 under 5 ibs.23 .18 .10 san Antonio profit mounts san Antonio Gold mines Ltd. Earned a net profit of in 1959, up sharply from the previous year. Back in 1957 the company earned in his annual report j. D. Per Rin president said outside exploration did not turn up anything of economic importance. He said Lack of skilled labor is the greatest Handicap to a More profitable operation of the company s mine. Or. Perrin said work done Dur ing the year was practically All Given Over to preparatory work necessary to get in position to prove or disprove the existence of an indicated new mine in the forty four property. He said by year end everything was pretty Well in hand for an All out Effort. Forty four mines Ltd. Had a net profit of in 1959. Or. Perrin is also president of forty four. Ottawa sales by Canadian department stores in the week ended april 23 where 13.3 per cent greater than a year earlier according fax the Bureau of statistics. James b Carter a 12.50 James b Carter b 50.00 la Compagnie Yonciere de Manitoba Ltd Federal Grain s1.40 pad .26.00 Federal Grain com a 40. I Finlayson enter a ext Finlayson enter b exd great West Coal a 4.60 great West Coal a. 3.25 great West life Assn Ca it West Saddle y com 4.2o greater Winnipeg Gas s. Greater mpg Gas Etc s.75 co Ltd 7.50 John Labatti Ltd Macleod Ltd 654 p exd 21.50 Man. And sask. Coal a Man and sask Coal b 6.0o w g Mcmahon Ltd exd 5.00 Monarch life Montrose invest Ltd 25.00 North Star Oil pad 45.00 North Star Oil a 19.00 North Star Oil com 34. Parker drilling 3.no Prairie pipe mfr. 3.25 Reitmann can. Ltd 13.00 Reitman s can. Ltd a. Sovereign life 25% paid 191.00 traders building Assn 30.00 trans air Ltd a 1.73 trans air Ltd b.23 trans Canada p lines 2o.oo United can shares 13.ji United Grain grow a 15.50 West can brew exd 32.50 Western grocers pad 26.00 Western grocers cd a 34.00 Wos Eccl products 14.00 Willson stationers pro 39.00 Willson stationers com 42.00 minks and oils Agassiz mines Bailey Selburn cd a c e corporation can devonian pet Central Man Consol Callinan of Dicks Ono Copper dynamic Petroleum flin flon Gold forty four min exits Gold Lake great Falls m i s Gunnar mines 8.20 s.40 to Vescy k j mining .26 .29 Marvel 34.5c 3.30 15.00 13.00 205.00 3.oo .30 14 .25 16.oo 32.75 34.54 .15 5.so 14.50 15.oo 2.85 .04 .07 .07 1.10 .33 .01 1.11 .01 .50 .02 red Cloud m s Rice Lake Gold mines san Antonio Scotia Gold Security Freehold Pete Sherritt Gordon Star Lake Winnipeg River tin a indicates Odd lot is Dudai investment shares net quotations can invest fund 8.31 Commonwealth int l corp 7.66 corporate investors first Oil i Gas fund grouped income investors growth fund investors Mutual Mutual income Mutual accumulating Mutual Bond fund North american f of can sales from monday May 2. . To tuesday May 3, . Trans air a 100 at .30. .1. B. Carter a. 35 at 12.75. Rice Lake Gold mines at .04 at .04. .03 3.43 2.70 of 8.35 3.39 3.39 5.56 10.42 4.52 6.8-t 5.94 7.s9 .05 .55 Ovi .01 -.0114 9.11 8.4i 9.13 3.71 3.70 6.01 11.27 4.94 7.48 8.58 unlisted oils James Richardson sons tuesday May 3, 1960 Alliance can Delhi conv can Delhi get Plains Chenalloy bid 1 100 232 new Scurry old Smokey Pascar ask 91 s 98 337 ventures Ltd., year ended dec. 31 1959, 80 cents a share 1958, 91 cents. Cattle receipts heavy a total of cattle 225 Cal ves 500 hogs were offered for Sale at the Public stockyards St. Boniface tuesday. Tuesday s heavy cattle receipts made for a slower Trade with prices ranging from barely steady to 50 cents or More lower on some classes. Steers sold uneven but prices were generally 50 cents lower especially on top grades. Heifers sold generally steady Al though some sales of yearling heifers ranged from 50 cents to lower. There were insufficient Good Light cows on offer to test the Trade hut other grades were generally 50 cents lower. A few bulls sold steady. Veal calves were. Also under pressure with sales ranging from is to lower. Early sales of Grade a hogs were generally steady. Choice stoers sold from to Good 521 to medium to common s16 to Good heifers to medium to common to Good and Choice fed yearlings to Good cows mostly to medium s15.50 to canners and cutters to Good bulls to com Mon and fat bulls to replacement cattle sales were generally steady with Good Light Erwe ight kinds to with a few to and Stock calves to Good heavyweights to medium to common to Good and Choice veal calves sold from to medium to common to Grade a hogs sold from to live sows to Mcmahon profits Wood waste products for . Lumber interests Vancouver or. Erwin Schnitzler chemical Engineer from Karlsruhe West Germany monday negotiated with major Forest . Firms for the manufacture in British Columbia of a new Wood waste product. It is a new Type of pressed Fibre for Interior finishing Sheath ing and furniture making. Or. Schnitzler speaking through an interpreter said the product is 25 per cent cheaper than plywood and cuts labor costs in building. He said that in addition to using present Wood waste it would stretch the Forest resource by utilizing Woods now not Market Able. He said a . Plant could Westminster earnings up Vancouver up first Quarter increases in sales and earnings indicate a boost in 1960 profits president Arthur f. Strong of Westminster paper co. Told shareholders Here. Or. Armstrong said better re turns Are expected also in 1961 when benefits begin to accrue from the company s new Mill at Crabtree que. A substantial increase in earn Ings should result when the new plan readies full capacity he said enabling Westminster to produce and Market products in Eastern Canada which currently Are shipped from British Colum Bia. In 1959, Westminster had net in come of equal to a share. Net income in 1958 was be in operation within two years if negotiations Are successful. Bekins appointment Joseph a. Whitmore Stanley h. Bekins announces that Joseph a. Whitmore formerly vice president of Bekins moving storage co. Ltd., has been appointed vice president and Man aging director of Bekins of can Ada. The appointment of or. K. A. Kimberley As manager of newly opened winnipe.3 of fice at 1695 Sargent is also announced. Bekins of Canada recently extended their services into Winnipeg with the acquisition of the household goods division of Crescent storage company. T he company has its Headquarters in Vancouver with offices and Ware houses in Burnaby Calgary Winnipeg and up profits of w. G. Mcmahon Ltd. At climbed 10 per cent in the company year ending Jan. 31, j. S. Mcmahon president re ports. Annual dividends have been in creased to 50 cents a share from 24 cents paid previously. The company is a wholesale distributor of floor covering and Allied products in Western can Ada. Chrysler corp common 25 cents june 14, record May 19. Ingram and Bell Ltd., pad. Is cents july 30, record july 15. Sales representative we require a representative age 20-40 years to handle specially sales line. He must earn a minimum of a month. He will be paid to learn profession which re quires one week of concentrated training in the Field. Car necessary. Our sales staff is aware of this opening. All replies strictly confidential. Apply to Box 370 free press office space Edmonton so. It. Finest entire second floor of the greyhound building 102 Street and 102 Avenue downtown Edmonton. Newly decorated. Per so. It. Or if air conditioning desired. Three Large Auto parking areas within the Block. Contact building superintendent greyhound of Canad Ltd., 1 0202 a 02 Street Edmonton phone Ca 2 1462 or Ca 4-8206 announcing International Power and engineering consultants limited in january 1960, International Power and engineering consultants limited spec became the new corporate name of . Arid . Power consultants limited of Vancouver Canada in addition As from april 1960, spec assumed the functions and of . Engineering company limited of Vancouver Canada together with the Vancouver office of Balfour Beatty co., limited of London England. This consolidated organization win offer comprehensive engineering facilities and through its association with the Well known Well established firm of Balfour Beatty co. Overseas limited its services Are available throughout the world. International Power and engineering consultants limited of Muir suet Vance Var 2. Briton Columbia ;