Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 21, 1962, Winnipeg, Manitoba 14 Winnipeg free press. Thursday june m. Iso win a Complete with motor and trailer forecast Moke about it s your business continued from Page .1 two weeks. Reserves loss so far this month can Only be guessed there is no doubt they be been substantial. Unless there Are on it won t much matter who i measures. The reserves figures throws up the first line of de Are due again in Little njord than Fence of the Dollar the govern ment or the Bank As Long As the act can be made to appear to be the latter s. The government will find it can More readily bargain opposition sup port for the defence in depth built upon the Quick disposal of unfinished budget business and an Early introduction of a new Bud get if it appears to be following the Lead of the Bank for the Bank must do More than simply assert its Independence of Politi Cal direction it must also in fact As Well As appearance give direction of its own. One Way or another it has been giving some direction in Market operations. Yields from Treasury Bills have steadily increased since late april initially As a consequence of the lowering of Bank support bids and latterly As a consequence of the demand for Bank credit. This development has brought some american in vestment in Bills but since they be been hedged transactions spot bought and Forward sold they be had Little effect on the Exchange rate. Cattle prices produce Whu Tomiji to Antsy. June 31. 1mb supplied by the boat Man s Friend Breen 9s Western Canada s leading Marina suppliers 205 Scott St. Phone go 3-1330 what you win Arkansas traveler deluxe fibreglass boat 18 . Johnson tee Nee trailer with Winch and Cable steering with Remote controls Windshield running lights on display at Breens 205 Scott St. How by forecasting the Winnipeg High and Low temperatures and Bright Sunshine for Dominion Day july 1, 1962 Manitoba s first Holiday of the year for summer outdoor living. Fill in As Many As you like of the entry forms printed in the free press you la be helped in your forecasts by special official forecasts and weather history in the free press. How to win win a boat forecast is a unique and enjoyable Opportunity to win a boat motor trailer etc., on display at Breen s. Forecast the High and Low temperatures fahren Heit to a tenth of a degree and the duration of the Bright Sunshine in hours and tenths of an hour on Dominion Day july 1, 1962, in Winnipeg. The official figures for temperatures and Sunshine will be the official observations taken at the Headquarters of the can Adian meteorological service department of transport inter National Airport Winnipeg and will be the basis for deter mining the Winner of the boat. The Winner will be the per son who most accurately forecasts the High temperature or in the event of a tie the Winner will be the person who most accurately forecasts the High and Low temperatures or in the event of a further tie the Winner will be the person who most accurately forecasts the High and Low temperatures and the duration of the Bright Sunshine. Any further tie break of will be at the discretion of the judges every free press Reader is eligible to forecast except employees of the free press and professional meteorologists and their immediate families. The need now is to broaden this inflow to take in Long term issues whose Purchase from abroad would have an effect on the rate. Not enough attractive yields alone How Ever will not be enough. A Clear indication of a reasonable persistence in support for the Exchange rate has to be signalled. The Bank can t rely alone upon Market operations these Are far too transitory to be convincing. The increase in the Bank rate must be followed with buttressing budget measures including the immediate withdrawal of the higher with holding tax. These should find readier opposition acceptance if agreement on them is reached on the Neutral ground of the Bank s recommendations. All parties in some degree showed an awareness of the Grav Ity of Canada s foreign payments position. They now have the Opportunity to demonstrate their sensibility by working together to relieve it. The progressive conservatives As the numerically larger party set the example the other three have to be willing to forget Campaign wounds and set aside doctrinaire differences. If they do so from the outset the Exchange crisis can be Ridden out any other course must Worsen it. They have in the immediate aftermath of the election the Best possible endorsement of an United Effort in the willingness of the foreign investor to wait and see. Initial reaction from London and new York banking houses has been that a minority govern ment was to have been expected and some further delay in Corning to grips with Exchange problems inevitable. There was no evidence immediately of Large or import ant liquidations and withdrawals of foreign owned capital. Still this forbearance need not last in fact it won t last in the absence of Strong countering Mist Keable indications that Steps have been taken to item the loss before the next Reserve Fig ures Are published foreign fore Bearance will evaporate. Canada then will be driven Willy Nilly to the shelter of the International monetary fund. In simplest terms what can Ada s present position now amounts to is a. Choice Between the willingness of the contending parties to submerge their differences in a common defence of the Exchange rate or the accept Ance of what would amount to if trusteeship Over monetary and fiscal policies. If the parties can t agree on the Resolution of the Exchange crisis and Canada must draw on if funds that trusteeship the conditions of if support will be a heavy Pride to pay. London stocks thursday june 21. 1963 Assoc elec Prev. D. 9d close 23s is 28s 9d s4o% a boat forecasters May submit any number of forecasts the fre win or the entry form printed june 29. Ree press to Friday All entries must be in the free press building by 10 . Saturday june 30. To assist win a boat forecasters during this period. The free press has published a 30-Day official forecast the meteorological records for High and Low temperatures since and Bright Sunshine records on july i since 1920. All weather forecasts and records will be supplied by the Canadian meteorological service department of transport. The free press will not be responsible for entries delayed or lost in the mails Anc will not accept entries with insufficient postage All entries become the property of the free press the decision of the judges shall be final on entering the win a boat forecast forecasters automatically accept these rules. Good forecasting win a boat forecast entry. Win a boat forecast . Box 1108, Winnipeg Man. Imu if receive i before 10 . Saturday june 30th, 196z several entries May be enclosed in one envelope on Dominion Day july 1, 1962 forecast thu official observations at tin Headquarters of. The Canadian Mercore a tical service department of transport International air port Winnipeg will be High temperature degrees and i oth degrees f. Low and 10th degrees f. Sunshine hours and. 10th of an hour. My please print Street Mace Flimm Bond quotations thursday june 21, 1962 govt. Of by ask 3 15 june 1ss2 99.85 1oo.oo 5% 1 oct. 1962 101.50 102.00 4% 1 dec. 1962----- 99.70 100.00 4 1 Jan. 1963 99.50 99.75 5% 1 apr. 1963-------101.25 101.75 3% 1 sept. 1965----- 95.7596.50 2% 15 june 89.00 90.00 1 apr. 1969------102.75 103.75 354 1 May. 1970 91.0o 92.0o 1 sept. 1972----- 93.25 94.00 1 june 81.75 82.75 3% 15 Jan. 85.75 86.75 5i4 1 oct. 1975 101.75 102.5u 314 1 oct. 1979 79.00 -80.00 4% 1 sept. 1983---- 90.25 91.00 3% 15 mar. 79.00 80.00 3 65.oo 66.00 car 454 1 feb. 1981 83.75 84.75 car 5% 1 Jan. 1985 103.00 104.0o Ontario 4% 54 98.00 98.75 Ontario i 106.00 Ontario Hydro 99.oo 100.50 Nova Scotia 4% 56 91.5o 93.50 que Hydro 5% 98.25 99.25 Manitoba 5% 98.50 99.50 Man Hydro 98.50 100.00 sask 95.5o 97.0o Abi Tibi 103. 106.% Alto Gas to 5k 1981 36.5o" 99.00 aluminium 93.00 95.50 Bell Telephone 5% 1982 99.50 102.50 a Oil 5v4 1977 95.00 97.50 by Telephone so 1983 96.50 99.00 can brew 95.00 97.00 car 92.00 94.50 Cong 98.00 100.00 con Gas 96.50 98.50 uen Sun .1oo.oo . Dom stores 99.50 102.00 Dom tar chem 96.50 99.50 t Eaton Ace 100.5o t Eaton realty 93.5o 96.50 str mpg Gas 94.00 96.00 Hudson Bay 89.00 91.50 Imperial of 89. So 91.50 inc 98.00 101.00 St Lawrence c 94.00 97.00 Shell 100.5o 1o1.5o to pipelines 96.50 98.5o Abi Tibi 102.00 104.00 can Delhi 5% 1973 9o.50 93.5o Home oils 98.50 1o1.5o Loblaw Groc 144.50 Shawinigan 98.50 101.5o Simpsons Ltd 99.5o 102.50 Dollar discount Montreal up the Dollar was at a Premium of nine per cent in terms of Canadian funds the Bank of Montreal re ported near noon wednesday. Tuesday the noon rate was Pound Sterling stood at unchanged. Exchange rate new York up Canadian Dollar unchanged at 91% in terms of . Funds. Pound Sterling higher at 2.81. British Colombia Telephone company six per cent pad. Aug. Record july 17, 4% per cent pad. July 15, record june 29, 4v4 per cent pad. July record june 15, 4% per cent pad. Aug. 1, record july 17, 4% per cent pad. Series july 15, rec Ord june 29, 5% per cent pad. July 1, record june 15 6j4 per cent pad sept. 15, record aug. 31. Babcock Wilcox 29l can Pacific cent mining 41s courtault. 42s Dunlop rubber 28s 6d 28s 9d be. Ltd 28s 6d 28s 3d it univ 62s 3d Hudson s Bay 688 9d 66s 3d Imp chem 49s 48s Imp Tob 5os 49s Metal Box 69s 10 we 69s 10 Rand mines 71s 1044d 72s 6d Shell Oil 31s 30s 9d Unilever 34s 3d 33s 9d Bonds British Consols War Louis funds 4s 60- 90 sheep Creek mines Ltd., five cents plus one cent extra july 16, record june 29. A total of 430 cattle i5t calves and 100 hog were offend for Sale at the Public dockyards St. Boniface. A further Light run of cattle thursday morning met a Good de Maytid at steady to Strong prices on All classes. Choke steers were limited and with a Good demand prices were steady to Strong. Hei Fer Quality was on the Plain Side but sales were fully steady. Cows also met an improved demand and sold Strong. The Bull Market was steady. Replacement cattle and Stock calves were in Good demand at fully steady prices. Veal calves met an uneven demand with prices ranging from steady to As much As lower. Grade a hogs sold 25 cents higher. Choice steers sold mostly 25.50 to 26.50 with the Odd Sale to 27, Good 24.50 to 25.50, medium 20 to 24, common 16 to. 19 Good Hei fers 22.50 to 23.50, medium 20 to 22.50, common 16 to 19 Good cows 18.50 to 19, medium 16.50 to 18, canners and Cotters 10 to 16 Good bulls 18.50 to 19, common and fat bulls 16 to 18 Good and Choice veal calves 30 to 34, medium 24 to 30, common 15 to 23. Good stockers and feeders sold from 23 to 27, medium 20 to 22, common 16 to 19 Good Stock Hei fers 18 to 23 Good Stock cows 15 to 17.50 Good Stock steer calves 26 to 34 Good Heifer calves 22 to 24. Grade a hogs sold at 30, live sows mostly 14.50 to 16.50, lighter weights to 17. Calif., crate. Envy. Cam. Cue feral. In. Dean Antans Dor. Lettuce bad. Calif Case woe Tomae Tinas a noun Tesla bag new calif., 100ft 3.19 a. 5. Radian. Cml Texas 5.7 Cut Ustun House pricks Creamery. Mitc wbk. 40 Scon Creamery. Tend Erable 3d Scon non a nimble. In cum prices paid to country shippers for graded exo leases included to government inspection delivered Winnipeg. A extra Large us a Large .28 a medium .25 a Small Grade b 24 Roui Vohr prices 1 to pne mrs Chicken broilers 19j4-.30 fowl Over 6 ibs. .12 Iba. In 4-6 Iba. Us under 4 ibs. 04 Abc .30 .17 .11 .16 .13 to .14 .10 Ducken Over 6 Iba. 4-9 ids. Under 4 ibs. Over 7 ibs. Under 6 ids. .21 Chicken prices fowl a b c Over s Iba. 16 .14 .08 5-6 Iba. .19 .16 .12 4-5 ids. 16 .13 .10 mature turkeys eviscerated leu eviscerating Grade a .s4-.36 Grade b .30-.32 inter City Gas Ltd., common 15 cents june 29, record june 15. Grain inspection cars inspected 743 june 18, 1962 this year last year wheat .671 474 Oats 7 18 Barley. 41 54 Rye 6 1 flax 8 0 others 10 0 grand total .743 547 contract wheat 645. Faraday uranium Minei Ltd., 10 cents july 25, record june 30. Year March 31 i bade i. 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