Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 8, 1962, Winnipeg, Manitoba 16 Winnipeg free press Friday june 3, 196z London stocks Friday. June 8. 196? Prev. Cd. Close Assoc elec.24j Babcock. Wilcox 29s 6d can pacific.541 i cent Milne by court aulds ska vivid Dunlop rubber 2sls vivid e Ltd .28s 9d it ump .60s 6d Hudson s Bay 7lis 6d Imp chem .------49s 144 Imp Ivad Metal Box tis Lovid 72s Rand 6d 70s 14id Shell Oil a 30s 3d Unilever .j4s 9d 3os 3d Brit Ltd Consols w War Loans funds is j6u- in Isau 1ss8u. More steam Flat Irons electric kettles and automatic toasters were shipped in March this year As compared to 243 3d 2% so. I 4vjid 298 6d 63s 9d 72s 6d 49s 4 a 49s appointment Canada is lagging in research Effort Robert l. Dales a William Nicks. Chairman of the Board and president announces that at a meeting of the Board of directors of the Bank of Nova Scotia. Robert l. Dales was elected a Deputy chairman and executive local firm of chartered accountants desires to Purchase practice. All re plies strictly confidential. Reply to Box 1335, free press. Clean fill required for Windsor Fork area. Westwood area and fart Garry area. Call Ca 2-4223 by Forbes Rhude Canadian press business editor any industrialized country that does not allocate to scientific research a proportion of its National Effort comparable to that of the most advanced nations will be unable to main Tain its position in tie world. This statement is from or. E. W. R. Steacie president of the National research Council who addressed this week s annual meeting in Montreal of the Ca Nadian manufacturers association. Apparently Canada not Only has to hold her own in a current sense but has a considerable i Way to catch up. Here is one set of estimates Given by or. Steacie i from 1956 to 1958 total Cana Idian research and development i expenditures increased about 10 per cent per year compared with 13 to 14 per cent in the United states and 12 to 13 per cent in the United kingdom. Of tins research ant develop ment performed by the Federal government increased seven to eight per cent compared with eight to nine in the United states and that by Industry increased about 10 per cent compared with the same figure in the United states. . Ahead research and development financed by the government in creased about 10 per. Cent per year compared with 12 to 13 per cent in the . And eight to nine per cent in the . While research financed by Industry increased about 20 per cent per year As compared with five to six per cent in the . And 18 to 19 per cent in the . While these figures May appear encouraging. Or. Steacie commented the rate of growth is Only satisfactory if the level of expenditure is also Satis fac the level in Canada is below that of other advanced countries it will be necessary to provide for a greater rate of growth in order to reach equal Ity. In 1959, for instance in terms of Gross National product can Ada s total research expend the other Way is by pick and the latter method has been followed in Canada in defence work but the National research Council has recently embarked in a. Somewhat experimental Way on a broader Extension of the method. The program or. Steacie commented is complimentary in non defence Fields to those already operating for de Fence purposes. Montreal Stock Exchange a Illus Friday june 8. 1962 bid Assw surpass 15 aluminium pad Ujj of Anglo Cun Tel pad . Bunk note Canadian ave Elco Banque c Nat Cun Bronze can int. Power Coghlin b .1 Consumers go fuss Crown Cork Seal Crown Zellerbach a c Dum Sukar Donahue Bros dist Seagram Dom Bridge Dupont of Canada Dom textiles Fraser Catineau Power Handy Andy Hudson s Bay co int paper Montreal Loco Robert Mitchell a. Molson b Molson pad Ogilvie Jamaica pub serv. Que Nat Gas Rolland a Sage mines Ltd Southam Sinai d pad Steinberg a. Steinberg pad Walker go Zellers Canadian Stock exc Hancik Bellins Cui ficello when you buy for a lifetime buy the Best a Keith built Home Al 6-1162 can to Divic Catelli a foreign Power j int helium int paints Melchers Melchers pad a a industries i pair fld l spartan 19v4 j09i 29 75 22 5i 1su 37 Viu 30 1-1 6u 26 -12 1-1 i 5s 9% 22 i 14 19 104 s2v4 As ask 16 ii 48 55 71 19 11 v2 811 22 i 24 43 1sv-1 24 u 31 .18 11 i 3114 42 v4 4h 15 i 6u 10 2211 16 20 53 36 13 i 17 110 .115 115 500 295 10 5 i 330 69 125 Winnipeg stocks Friday. June a 1962 ii Amik a Anglo can. Oils Ltd. Brandon exd Ashdown hardware a Ash Doivan hardware b Beaver lumber pad Fufla s Lothel in Acair ii i Iver Uunila cd a s while i Beaver lumber com Tures were 0.72 per cent Wnuck those of the United states were i car hydrocarbons 2.58 per cent and for the was United kingdom 2.11. Or. Stea-1 James b Carter b exd Cie added the difference is about the same for research financed by government or by Industry. Thus in 1959 the Federal government spent while bid 37.to 10.75 s. U .27. 211. 29.50 13.75 so 11.75 i _ _. 45.00 la Yonciere de Winnipeg cull club -1----- Equality with the United states would have necessitated and with the United kingdom Canadian Industry spent while Equality would have been and respect i i or. Steacie outlined two Days i encouraging research. One is i across the Board by tax conces Lions and such concessions had been made in the last budget. Sheet Metal capacity Western Canada manufacturer having excess Plant capacity in Alberta is interested in producing a Complete line or sub contract work re Quiring shears punch presses spot welders brakes and modern conveyor Zed paint shop. All replies will be kept strictly confidential. Write to Box 1226. Free press Aggregates Engineer to undertake a 5-year study of consumer requirements Quarry products and production methods Quality control and to make technical service Calls. Successful applicant must be a graduate civil mining or mechanical Engineer with a minimum of 2 years Field experience in one of the following Fields Lime Cement Concrete Asphalt paving materials testing or construction. Good appearance and personality necessary attributes. Remuneration commensurate with qualifications. Apply to executive professional division National employment service 344 Edmonton Street messes. Walsh Micah o Sullivan Bowman and Schwartz announce the admission into partnership of Murray h. Tapper henceforth their practice of Law will be carried on under the name of Walsh Micah and company 7th floor building Winnipeg Harry Walsh . David e. Bowman Joseph j. Wilder Edward w. Demkiw Archie r. Micah. . Murray h. Tapper a. Lionel Weinberg Eugene d. Westhaver Joseph f. O Sullivan Sidney i. Schwartz Lack Walker Manitoba la fed Grain is. 40 pm fed Grain com a Finlayson ends a Finlayson enters b it West Coal a it West Coal b it West life Assance it West Saddle y com 45.00 29.00 7.00 4. 4.25 573.00 .89 14.50 42.so 11.50 s.25 30.50 21.00 31.00 55 in 14.50 2.50 13.75 50.00 32.00 50.00 s.25 4.75 6.75 4.55 .96 15.00 15.00 it mpg Gas exd it we Gas Etc exd i Tower Drill co l 14.75 inter City Gas com fi.75 inter prov St pipe 1.25 j Labatt Ltd exd. Macleod Lla pad Man. Sask Coal a 5.00 Mim. Mask. Jnai b 5.5u Monarch life 105.00 Montrose invest Ltd 32.00 13.25 5.25 Parker drilling Reitman s can Ltd Reitman s can Ltd a Sovereign Lite 255s p e Stafford foods Ltd 3.s5 traders building Assn 34.50 trans air Ltd a 7.00 trans air Ltd b 2.40 trans can pipe line l Ltd can shares 21.00 u g g a 16.% West can breweries o5.00 West fair Ltd Ltd 28.25 West fair Ltd cd a 32.00 we steel products Willsun was Supply fuel minks and oils Agassiz mines .10 Bailey Selbi irn cd a c e clip can Dev pet 3.60 Chenalloy minerals 1.u5 Central Man is of 15.00 34.00 7.75 2.60 21, a .07 .06 .25 .00 a .35 .00 i 18.00 36.00 .29.00 o7.75 9.75 5.% .15 7. J5 24.00 3.65 1.15 .04 let s your business Imperial will set gasoline Price by John Meye an increase in the Price of re Fiji Ery products in the opinion of most of the majors was an inevitable consequence of the in crease in the Price of crude initiated by Imperial Oil following the May 2 devaluation. Whether Imperial shares this opinion is not known at this writing. Imperial still has t Given any indication of raising its Tan Wagon Price for gasoline the seven tenths of a cent a gallon which other majors have added. There is no question that the Price will hold if Imperial joins in charging it. There is some question that it can be held if Imperial stays with the old Price. Imperial was Able to bring about the increase in the crude Price Over the determined opposition of the other majors. Tex Aco was the last to come into line its acceptance barely announced before the first reports of the British american increase in Tan Wagon prices in Toronto. Imperial consumes about thirty per cent of Canadian crude production. Its weight in the mar Ket for refinery products is even heavier with its approximately forty per cent share. Imperial in raise its gasoline Price just about a year ago and other majors followed suit with the exception of Shell and Canadian Petrosina. Their opposition was eventually enough to cancel out the in crease. Should Imperial now de cide to stay with the old. Price there seems to be Little doubt that the others would also have to revert to it. Imperial is experiencing the same Cost squeeze As the others although not necessarily in the same de Gree. It could Hope to improve volume of sales though by holding the Price. Not general the increases in the tank Wagon Price which have so far been put into effect Are by no Means general. Texaco has in creased its Price in Montreal Toronto and Vancouver. Shell has increased its Price in Van Couver but at time of writing had not yet announced an in crease in Montreal. All Market areas Are experiencing severe Competition by the degree of severity does vary from one mar Ket to the next. It varies too from one product to the next. Local conditions must be taken into account. The Montreal Market As an instance is thought to have a higher Inci Dence of unbranded dealers than the Toronto Market and these outlets for discounted gasoline and motor oils might exercise a greater restraint upon retail Price increases Here than else where. It is probable that the unbranded dealer would simply increase his Price while retain ing the differential Between it .29 .01 .00% .0054 .08 of .27 .01 .45 .01 9.10 .33 con Cal flin flon Del Stone Copper dynamic pet i Lin Klon Gold forty four mines. Gold Lake great Falls m Gunnar mining Ltd Jowsey r j mining Marvel oils Rod Cloud m s Rice Lake Gold mines Sanantonio Sec free Pete Sherritt Gordon Star Lake mpg River tin Mutual investment Sharks .01 .01 1.69 1.70 4.75 3.70 .00 Vij .01 ,00 a -01 am growth fund 7.50 8.17 can invest fund 9.so 10.75 c wealth info corp s.39 9.19 c wealth info lev 7.03 7.70 corp investors 9.60 10.49 1st o i g fund Ltd 4.08 4.46 guard Mut invest 5.80 6.30 grouped income 3.3s 3.67 investors growth 6.40 6.96 invest info Mut 4.06 4.42 invest Mut 11.93 12.98 Mut income 4.98 5.44 Mut acc mul 3.33 3.64 Mut Bond fund 6.00 7.18 nor am f of a. 9.09 10.59 provident Mut fund -5.08 sales investors Syndicate a 50 at 48.50. United Grain growers a 7 at 16. To. Anglo Canadian pulp and paper Mills lid., common 50 cents july 7, record june 15. Russell industries -Ltd., 15 cents june 29, record june 15. Toronto Dominion Bank 47vi cents aug. 1, record june 29. Attention hotel men Ashdown s announce the first installation of the new Perlick draught Cabinet now in operation and on display for your Benefit at the Gordon transit hotel Marion and Archibald St. Boniface financiers escaping to farms Toronto growing number of Toronto financiers and businessmen Are finding weekend escape the bulls and bears of the Stock a Exchange among sheep and c h a s Down on the farm. Some 30 men who spend their working week in and around the Bay Street Canyon head for the open spaces of Southern Onta Rio on weekends to lend their farms. Most were prompted to buy a farm by a wish for Rural recreation. But for Many the Pas time has developed into a a i Jor Hobby or sideline business. The businessman s itch for efficiency drives them to improve their property and make it. Profitable. Investment dealer r. K. Mcconnell who began buying land in 1937 near Claremont 33 Miles Northeast of Toronto As a place to take his family of five children now has a profit Able sheep farm. Or. Mcconnell said Hie first began developing his 700 acres As a private conservation pro Trees to Correct raises sheep then he bought beef cattle and about four years ago stocked the farm with 150 Cross bred Western ewes. He also keeps More than 300 hens. He finds keeps him Busy studying farming techniques and experimenting with new Breeding or Hay production methods. Or. Mcconnell who lives in the City and has a manager to run the farm during the week says he can afford to ex.-. Pediment More than full time Farmers. He has made the farm profit Able by having his in january inside the Jawarn in Stead of in the pasture in May. This Way we sell mainly for the easter Trade at Good prices and Are not trying to sell our Lamb in october every body another sideline sheep Farmer is w. A bet Nett of Burn Brothers and Penton. Limited. He has 300 Suffolk sheep on a 196-acre farm Between Guelph he lives on and commutes daily to Toronto. He expects to make a profit of on his farm this year. And branded prices. Still the majors can never be sure. Another influence upon the Montreal Market is the probability of an increasing surplus of refinery products As the Ontario Market is slowly shut off. The National Oil policy would have Western crude move As far East As the Ottawa Valley. Ontario refinery capacity however has still to be built up to a level that will meet Ontario s require ments. As new capacity comes on Stream the flow of refinery products from Montreal into Ontario will be backed up. Montreal s Access to foreign crude and products is also a consideration in any Price in crease. So now Are the two new refineries in Newfoundland and in new Brunswick whose products Are moving into que . In such circumstances a retail Price increase is a difficult and More than usually risky proposition to undertake. The argument of rising costs will have to be convincing. Of course there is nothing More convincing than the daily Exchange Premium refineries Are now paying on the crude they import. It makes essentially the same contribution to costs in Montreal that the higher Price for Cana Dian crude makes to refinery operations West of the City. One further consideration is the beginning of change in the relationship of prices to retail operations which has been brought about by the entry of the majors into broader merchandising operations. Several majors have extended the Range of products available at a ser vice station reducing its de dependence upon Oil and Gaso line sales. This development was a consequence of the Nar Row retail margin brought about by intense Competition. It could ultimately Lead to a condition where the margin on Oil and Gas sales was nominal with dealers profits being earned on the Sale of accessories Camp ing and sports equipment and similar merchandise. Produce Friday june s. 3962 men fruit Ltd. Beets new 50 ibs. Cabbage calif., crate 5.00 celery. Calif Case 6.75 garlic ib.50 Green onions rioz.35 lettuce head Calif Case twos 5.25 onions. Texas Lauffe. 3-75 Conkins onions Texas bae 3.75 pout Obj. Man., 75s 2.50 Parsley doz.41 .45 radish. Cello 1.20 tomatoes Texas 5.25 commission House prices hotter Creamery ten Merable. 40 score .50ti Creamery tend Rahle. 39 score ,49ti Grain Market Winnipeg Grain Exchange Friday. June 8, the pre opening Nejus Friday was the precipitation received overnight in the Northern and Central areas of the three pro Vinces. Canadian flax was sold Over night to the United kingdom Japan and Norway. Flax the Early Trade was limited to local and . Buying of the july future. Commission houses were buyers of the deferred futures with offerings coming from. American interests. Prices were one to three cents higher Early in the session with most of the strength showing in the nearby july future. Oats and Barley coarse grains had no feature and domes tic shippers were making routine purchases. Offerings came from commission houses. Rye new crop futures were higher and the july was a Little hesitant with . Interests on the Selling Side of this future. Chicago prices were higher for wheat on reports of heavy Rains in the Winter wheat areas where harvesting is underway. Rye was lower and the nearby july was Down two cents. Export buying was reported in wheat but no amounts were con firmed today. Lakehead. Shipments were Oats bushels Barley bushels. Mid session prices were inclined lower with the exception of flax. Trade was not aggressive and was mostly of a weekend evening up affair. Export wheat loadings for the week were Germany bushels. United kingdom 000 bushels China bushels. Japan bushels. Switzerland bushels Bel Gium bushels Netherlands bushels Finland bushels Okinawa bushels and Small quantities to South Rhodesia portugese e. Africa and Guatemala making a total of bushels the Dow Jones commodity futures Index at noon Friday was 146.67 up .07. At the close Oats were Down to of Barley Down to Rye unchanged to Down flax up to 1 chartered accountant i desires to enlarge practice by Purchase or partnership arrangement. All replies an swered and Erteld in Confidence. 1isb. Free press Cash Grain Friday. June t. 1962 close Grain futures Friday. June 8, 1962 what i Hicks and a. Wheat no. 1 Northern no. 3 Northern no. 3 Northern no. 4 Northern i 5 wheat i 6 what feed wheat 3 am. Durum am. Durum 3 am. Durum 4 am. Durum Chus it a .1m v4 9-j i in feed mixed feed mixed Grain bar Lazy 1 . Now 147 i . I Row 147 f. . A Row 14. I i u Row 3 . I Row i . J Row 13h 1 Keck 131 we feed 127 mixed Grain a 122 Cash wheat . Funds i Ranee maximum june 7 i no. 1 dark nor. I Sprine 13 prot. 233-Ti i 3 am. Durum 281 285 i local sales terminal sales subject to confirmation i i Mak Kkt sales 117 122 saves fuel dollars safety Chimney lifetime warranty All fuel Low Cost see your building Supply Delacr see your Heiling dealer building Dii Tribulo. Warren Langtry Ltd. Iti Pirt Sec ave. To 8-1808 melting distributor Northwest wholesale 347 to. Princess St. We 2-0137 147 i by 215 i be 218 de my 224 i Corn by 111 71 be de 113 i my 116 i by 66 i be de Tell i my 72 t Chicago prices paid to country shippers for eggs cases included subject to government inspection delivered Winnipeg. A extra Large .28 a Large .28 a medium .25 a Small .22 Grade b .24 poultry prices live no. 1 to Chicken broilers Kowl Over 6 ibs. 5-6 ibs. 4-5 ibs. Under 4 ins. To Chicken Over 6 Ibi. 4-5 under 4 ibs. Over 7 ibs. .22 m-7 under 6 prices Kowl Abc Over 5 ibs. .36 .14 .08 5-6 ibs.19 -16 .12 4-5 -16 .12 .10 mature turkeys eviscerated less eviscerating Charce Orade a .34-.s6 Grade b 19w-.20 .12 w -08 Abc a -17 -1 is .12 .10 14 .10 .08 Grain inspection cars inspected 665 june 5, 1962 Thi syr. Last or. Wheat. 604 Oats 3 5s Barley 46 181 Rye 4 17 flax. 8 46 others 0 7 grand total 665 contract wheat 543 2u1 22.1 i in it n2 116 63 21871-217 Elfi i b9 n to i 131 -132 127-127u 127 128 is 2 t 3 sex. 1 feed 1 feed 2 feed 3 feed mixed fed Barley 1 . Firo 2 1 . I Row 2 Row 2 . 2 Row n . R Row . 2 Row j 1 Keck feed 3 feed i 1 . 2 . 92 kid. 1.117. 13 i37-i 130 i 129 i 121 Tise 12b de 127 126 my 127 soybeans by 21s m5 .i-245 be 233 i no 230 235 u 233 i a 233ti 20s i Minneapolis by 235 i 234 be Aas i 235- 233 i by fio s9 i s9 pc h2 61 61 is by Ajo Sis i 318 i be 315 w 3hw 314 in 133 .4-u 127 i vj67i-127 128 u commodity stocks supplied by Lames Richard Lynn i sons Friday. June 8, 1952 High Low last 14s a 4 ergot lax 1 . 2 . 3 . Track 3637i s2 a to Movi 1.t21.-. i 131 j3j vj9k j22 i 134 u 1-15-1 12871 i46s 382 u 328 i 361 announcement Ray Kosarko a. Reiffe Conru Cimon com Pany Ltd. Announces that Ray Kosarko has joined the organization and will be in charge of our estimating department. Commercial credit corporation we have another position available for a Man Between 23 and 27 years of age in our retail finance operation. This offers an excellent Opportunity for advancement with company car and expenses provided. Banking or related credit experience is an Abbot but notes Sencial. Grade twelve minimum education requirement. Lon Mcl or. Miner for appointment at we 3-8401 . Sept. Noyo oct. 3135 . Copper 2ss6 sept. 2901 dec . Potato Jan. March . . July sept. Dec. .v.v. Or. Wool july oct. Dec. Silver july sept. 2s93 240 257 227 1997 205b 2130 1270 1226 10850 10soo 11000 3210 3070 312o 2s7f 2s93 28s3 237 255 226 1901 2055 1963 10850 ill xxx 240 256 227 1991 2059 2123 1270 1239 1225 10s50 10soo 11000 country marketing cars loaded thursday year ago wheat 765 c. Grains 76 317 research officer required for Hospital insurance service Victoria . Civil service s salary or per month depending upon qualifications and experience. Duties involve development of morbidity statistics and conducting surveys of Hospital bed requirements throughout the province. Applicants must be Canadian citizens or British subjects with University graduation and advanced training in statistics prefer ably knowledge of coding and mechanical tabulation procedures. application apply Simmid Iausly to the chairman . 544 Michigan Street. Victoria Chip Kutaj Fermi rate snarf not later than june 20, Competition no. Simpsons Sears announces executive appointments c. M. Graham chairmen and chief enc Ittin officer w. J. C. It c n t e. C. Burton chairman of finance committee g. M. Graham has been appointed chairman of the Board of Simpsons Sears limited and As chief executive officer of the company it is announced. He succeeds a. G. Burton As. Chairman. Or. Burton is chairman and president of Simpsons limited and will become chairman of the finance committee Simpsons Sears. James w. Button has been appointed president of Simpsons Sears succeeding or. Graham. J. C. Barrow becomes executive vice president. Or Graham joined Simpsons in 1928 and held Many import ant posts with that company before becoming vice president of Simpsons Sears when it was formed in 1953. He was elec Leci president and chief executive officer in 1957. Or. Button started with Sears Roebuck and co s mail order division in Chicago in 1939. He has had very Broad merchandising experience and was appointed assistant vice president in charge of stars new York office in 1959. Or. Barrow who joined Simpsons in 1946, had held a number of. Positions with Simpsons Sears including supervisor of buying departments general retail merchandise manager and latterly executive assistant to the president ;