Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 13, 1963, Winnipeg, Manitoba Winnipeg free press Friday september 13, 1963 14 i Winnipeg stocks the Wisnyi to Stock Ixl hande Friday september 13, 1963 iniiustu1ai.s bid Ackland 6tj pad 24.00 ask lands com 3.55 Anglo can oils bin 41.50 Ashdown hardware a 11.00 Ashdown hardware b Beaver Lumb pad 28.00 Beaver Lumb cd a exd 19.50 Beaver Lumb com sex 30.50 Bird construe exd 49.% Bow Valley Indus 4.75 can Hydro carbs exd 17.75 James b Carter a s.50 James b Carter a 27.00 la Compagnie Yonciere de Manitoba Ltd 45.00 fed Grain s1.40 pad 28.75 asked 25.00 3.65 47.00 11.50 8.75 Aioo so of 5.00 1s.oo 9.00 30.00 fed Grain com a Finlayson enters a 7.25 Fml Ayson enters b exd it West Coal a 5.5, it West Coal b 3-15 it West life Assance 755.00 it West Saddle com -55 it mpg Gas it mpg Gas Etc exd 17.7n inter City Gas inter prov St pipe j Labatt Ltd. 17.h Macleod Ltd 6% pad 23.00 Man. Sask Coal a 4.75 Man and sask Coal b 5-5o Monarch life .105.00 Montrose invests Ltd Parker drilling 3-45 Relt mans cd Ltd lo.c.0 Sci trans can Ltd a 9.% Stafford foods Ltd. 4.00 traders building Assn 39.00 trans air Ltd a 8.00 trans air Ltd b 2.45 trans can pipe line l 31.% Ltd can shares 23.00 Ltd Grain growers a 16.50 West fair Ltd pad exd 28.75 West fair Ltd o a exd 40.00 we steel prod exd 10.23 Willson eat com exd 40.50 woe Supply and fuel 5.25 mines and oils .05 8.25 4.00 760.00 18.00 17.% 115.00 10.0c 2.7 24.5c 17.0 29.0 40. .10 .09 18.50 .70 .04 .07 .05 .19vi .12 .01 s.65 .26w .27 .01 .02 .03 .30 7.20 2---- 2.82 .37 .39 it s your business can t assume govt. Right by John Meyer one of the curious consequences of the precipitate advocacy f the Canada pension plan is he strength of the Assumption hat the government must be ight because it is the govern ment. Evidence of that assume Ion is apparent in ministerial criticism of interests opposing he plan. These interests it is implied Are serving self by their opposition the government it allows is serving the Public. The absolute tightness of the government s position is advanced ii another manner in the insistence that its actuarial calculations Are sounder than those of its critics. The misreading of its interest for the Public interest is of course a common fault of Al governments. It s one of the Rea Agassiz mines Bailey Selburn cd a c t e corp Chenalloy minerals Central Man Consol Callin v f Dick Stone Copper dynamic Pete forty four mines Gold Lake Gunnar mining Ltd sex Jowsey. R j mining Marvel oils Rice Lake Gold mines san Anontio Sec free Pete Sherritt Gordon stall Lake mines Octaf t flip in to Leek com -1.35 4 60 Mutual investment shakes net quotations am growth fund 9.24 can invest fund 10. In c wealth int l corp 9.2s c wealth int l lev corp investors 11.j2 1st o g fund Ltd 4.69 5.13 guardian Mut if 6.64 grouped income 3.77 invests growth fund invest info Mut 4.7ri investors Mutual 12.97 Mutual income 5.5 Mut acc mul 3-94 Mut Bond f 7- is nor am f of c h.43 _ provident Mut fund 5.07 sales from thursday. Sept. 12, . To Friday. Sept. 13. 1963. Agassiz mines at .05. Stall Lake at .37 300 at .37 500 at .37. Winnipeg Supply fuel 200 at 50 at 5.50. Sons Why the two party system is so necessary. Did the liberals Promise the Canada pension plan because they believed i essential to the country s Wel fare or did they Promise it be cause they believed it essential to their election similarly i there any reason to believe Thi authors of the Canada Penston plan Are More expert in thei actuarial calculations because they Are employed by the gov eminent plan must be suitable from the Start these admittedly somewhat abstract considerations Are Nom the less. Immediately pertinent i the questions of Cost and appropriateness that have been raised the nature of the Canada pension j Jis plan is such that once it is is 7.66 j in motion there will be no tur ing Back. The commitment to in the foreseeable future will b total. At the very least it needs to be subjected to an exhaustive and critical enquiry removed from the political Arena. No can Adian can Ever afford to tolerate the Assumption that government 10.10 11.76 10.17 14.09 12.49 inst the Canada pension plan now put Forward is far too damning to be ignored. The government is asking us to be eve that it can Institute a pen on program based upon an rage National income which about one third less than in in United states which will pay considerably higher Benefit at Cost that is considerably Low r. Even after making the most generous allowance possible for hat the United states might ave done if it exercised its full potential for such payments it ought to be Clear at once that he Canada pension Over teaching. This leads into the question f the actuarial soundness of he calculations upon which the Canadian plan is based. The gov in tent released an actuarial tudy which placed the Cost Over he next ten years at an average cattle Trade Dull a total of 300 cattle 150 calves 25 hogs and 25 sheep and lambs were offered for Sale Friday at the Public Stock Yards St. Boni Friday morning s was very Dull mainly due to the Plain Quality of the offerings. Slaughter met Only a fair demand with prices generally steady to the week s lower Trade Quality and condition considered. Common to medium replace ment cattle made up the bulk of the offerings and met a very Nai Row demand at lower prices there was no veal calf Marke established. Hogs and lambs sole steady. A few Good steers sole from 25 to 26. Medium 21 to 24 common 16 to 20. Good Heifer 22 to 22.50. Medium 19 to 21. Com Mon 16 to 18. Good cows 17.5c to 18 medium 16 to 17. And cutters 10 to 15.50. Good bulls 17.50 to 18. Commo and fat bulls 15 to 17, a few goo feeder steers sold from 20 t 21.50 medium 19 to 20. Commo knows Best. In this instance the evidence exper. Furn. Salesmen for f4ctorr a Euing highest commissions year round employment full we by draw All fringe benefits _ All re pics confident it Box 771 mpg. Free press apply biochemist of less than two per cent of an employee s first of annual come. The Cost in 1974 was placed at 1.92 per cent. Long projections raise the Cost to 3.14 per cent in 1980 and 6.61 per cent in 2050. These project ions were intended to cover As Well the increase of in the Basic old age pension which has since been advanced to become effective next month and paid for by an increase in current taxes. The projections Are imparted with an air of authority As if by their very origin in govern ment they Are beyond question ing. Private actuaries up with very different sets of projections projections which indicate a much higher level of Cost than the government antidotes. They Are supported in a eneral Way by the fact that Vir rally every other country which As established a wage related Jension plan of this sort has found costs increased More rapid y and to higher Levels than pro acted. Canadian projections conceivably have taken that experience nto consideration. Still one does t have to be an actuary to ask what is the extent of that Al Lowance for experience. Nor does one have to be an actuary to question the basis of projections. What rate of employment for example is projected what rate of increase in the labor Force what rate of increase in average National income these Are All pertinent to the government s Cost figure they Are All subject to a considerable margin for error. The government is just As suspect if As welfare minister la f Bonds Toronto changes wednesday. Sept. 11, were ask coital Olta Tion bit lbs 6v1. 1977 Lla Gas 1981 Ngoma 5vl mar. 1, 1979 Ngoma steel 1978 a 1373 it burst 5v4. 1973 Ell phone 5v4, 19s2 Ell phone 1982 Waler put 1980 Raz Ilijin 1970 3a Oil 5vs, 1977 3c Tel. 514. Nov. 1. 1983 can Cement 5u. 1076 can breweries 5s. 1983 can Brit Alum 80 can chemical. 7. 1980 102% 105% 95 97v4 9s Loi 95 97 92% 94% 38 99 97% 99% 73 78 94v4 96mt 95% 97v4 95% sih4 92w 9414 98v4 1011% 104% 106% flax Trade Active Canadian Oats were taken by the continent again overnight and this was the Only business re ported. Export wheat loadings for the week were close to Cash Grain Friday september 13, 1963 Lakehead wheat Board prices Domestic and . Close pre no. 1 Northern 192% no. 2 Northern 189% no 3 Northern 186% no. 4 Northern 179% 5 wheat7 i tuft 6 wheat 168% feed wheat 165% 1 am. Durum 207% 2 am. Durum 206% 3 am. Durum 198% bushels. Flax a very Active flax 4 am. Durum class n open Export no. 1 Northern no. 2 Northern 3 Northern no. 4 Northern a Lieut 190% 192% 189% 16 to 18. Good Stock steer calve 25 to 28. Grade a hogs sold a 26.50. Live sows 14 to 16.50. Goo lambs sold at a top of 19.50. Suggests aggressive no approach Toronto min ister Sharp called wednesday for an aggressive approach by Canadian companies including firms to devel Oping markets. This approach is n e e d e q Uon unit Mou. Can industries 1977 99% 102% car 3% oct. 1. 1966 car 5s. Oct. 1. 1983 can Gas 1983 consumer Gas 5s. 1978 Coronation credit 6tt. 81 Dominion stores 1976 Dom tar 5u. 1978 Dryden paper 1974 Eaton at. 1981 Eaton Halty 5, 1978 Eddy 4. 1974 pm aces. 197? go paper 5. 1976 go Power 1975 or mpg dec. So or mpg go 5% dec. 1, 78 Hudson Bay 4s, 1975 h of refining Ltd. Imperial Oil Ltd., 3. 69 Industrial Ace. 1978 Inland Nat Gas 6vi, 1983 jockey club 6. I960 Labatt 5% Jan. 2, 1979 Lakeland Nat Gas 6s. 83 Loblaw 55s. 1951 Macmillan Bloedel 7s nor ont n Gas 82 Northwest Tull 19s3 ont n Gas 5tt. 1973 Pac Pete Al. 1, 73 Phillips 5s. 1973 que. Nat Gas 5ss. Regent refining 511. 1975 Rio Alsom 10s3 Security Cap corp. 78 St. Lawrence corp. 5s, 78 Shawinigan 1981 Shell Oil 1976 Shell Oil 1977 Simpsons 55, 19s1 Tor Star 1975 trans can pipe , s7 traders f corp. 5u. 81 Union Gas ws1 Westcoast trans s3 Weston us 13s2 94% 96% 92 94 96 94 96% 95 97 _ 9873 95 97 93 95 99 101 93% 96% 85 88 102% 105% 94 96% 88% 91% 96 98% 99% 87% 90% 98% s9% 92% 96% 98% 100% 103 99 98 100% 97 99 99 101 96% 99 97% 100% 9sv1 95 97% 105% 108% 93 90 92 s7 89% 96% 9sj4 106% 110% 93% 9b 39 101% s3 91 59% 102v6 97% 100 99 101 9s% 100% 93 101% 99% 102% 9.1% 97% 179% 173% convertible issues Alt lbs 1966 can Delhi 1973 . To do research on the isolation purification and must nutritionist pm d or . Animal nutrition. To independently carry out and interpret animal feeding tests in the evaluation of animal feed formulae. Also involved Are studies of methods and conditions for producing raw materials for use in feeds. Large Well equipped research laboratories located in Toronto. Starting salary according to qualifications. Apply in writing with qualifications to or. L. J. Rubin director of research Toronto 9, Ontario. Canada packers Ltd., particularly in our nearest c Gas eng 6% May 15. 75 114 can utilities 5 i. 1977 com b Mao Ltd. 7, 1974 fed Garms Ltd. 7. 1976 39% 101% 94 ids 112 130 103 107 198 98% in 112% 114% 129 131 Marsh insists the objections to the Canada pension plan Are biased by the special interests of the objectors and As implied their actuarial projections a and most natural Market the United he said m a speech to the purchasing agents association of Toronto. If . Control of Canadian manufacturing Industry is restrictive it could negate much of the advantage that the . Investment brings to Canada in the form of valuable technology business expertise and commercial natural enough control of . Parent firms Over production in Canadian subsidiaries was natural enough and in Many ways commend but it can also have undesirable effects upon the Ca Nadian Economy if it leads to unnecessary dependence upon foreign sources of or. Sharp said his depart ment will be giving particular attention to helping subsidiary companies in Canada expand their Access to world markets. Some . Owners of plants in Canada had found Canada to be a competitive source of materials and parts for use in both greyhound 514s, 1378 Home Oil 1371 Home 01 6s, 1975 Loblaw 1976 Pac Gas trans 56 124 Pac Pete 5s. 1977 108vs 111% Phillips 1970 96% Shawinigan 1972 38 100 slav Enwood 5us. 1972 116 Simpsons 1979 104% 106% Sussman 7s. 1967 96 99 trans can pm 5. 1988 131 134 triad oils 1971 91% Westcoast 19ss 103% 106% government Canada 3 oct. 1. 1956-63 99.95 100.05 4 dec. 15. 1963 99.95 100.15 us feb. 1. 1964 99.65 99.s5 4 May 1. 1954 99.95 100.15 3 4 july 1. 1964 99-30 99.50 m 55 3% feb. 1. 1965 4 i apr. 1. 1965 3si sept. 1. 1065 3% feb. 1. 196s sept. 1. 1961-66 4% dec. 15. 1966 4u june 1. 1967 3 i oct. 1. 1967 4u Tan. 15. 196s june 15. 1s61-68 5% apr. 1. 1969 5w oct 1. 1969 3% May 1. 1970 4vt sept. 1. 1b72 5% ocl. 1. 1975 5% apr. 1. 1976 3vi june i. 1974-76 Jan. 15. 1975-78 3vt oct. 1. 1979 5% aug. 1. 19so sell 1. 1983 outstanding apartment site for Sale in Windsor Park this acre site which will up 100 suite. Churches. For further derail Contact lad co co. Ltd., Vernon 2-1365, eggs. Vernon 2-0193 companies. Cordingly influenced can it not be said with equal Force that the government s advocacy of the plan is As strongly serving its special interests and its actuarial projections As equally open to question there is Only one Way to answer these questions sub Mit them to impartial enquiry. A Liberal government did just at a dozen years or so ago when Ary con convened an All party commit live in of senators and commoners 3 examine the various methods pension payments. The com Mittee significantly rejected tile Ort of wage related compulsory government operated scheme the present Liberal gov rement now proposes to Intro uce. There is no reason to be Ieve that the grounds for reject Ion now Are any the less per Pasive than they were then. Rather in Canada s current dec Momic circumstances they Are much stronger. Or. Meyer is financial editor of the Montreal Gazette. His column appears regularly in the free press. Most sask. Towns have sewer water Regina up Only six out of the 119 towns in Saskatchewan will be without water and sewage systems by the end of 1963, provincial government Fig ures show. Ninety eight towns have built both water and sewage systems 15 have built either a water or a sewage system and six systems now Are under construction. Three More towns Are consid ering building systems next year. Canada bread co. Ltd., year ended june 29 1963, 1962, Lauren tide financial corpor i action Ltd., year ended june 30 i 1963, 1962. Their Canadian and american factories. Some . Companies had used Canadian facilities to Supply part of their . Mar Ket needs. While these instances May be exceptional today if Tariff negotiations Are to be meaning Ful to Canada they must not re main exceptional. Certainly Canadian subsidiary companies to be compete 5 june t. 1988 mar. 15. 1988 3h mar. 15, 1988 3 perpetual guaranteed car 5% dec. 15. 64 car 3 Jan. 3. 1966 9s.65 9s.s5 93.50 99.70 30 98.60 97.35 97.70 95.50 97.00 39.00 100 00 57 75 98.75 95.75 -16.75 97.50 9s.50 82.25 93. J5 102.25 103.50 102.00 103.00 s3.00 94.00 93.00 94.00 101.75 100.75 101.75 81.50 82.51 84.50 85.50 78.5 79.52 100.50 101.50 90.25 91.00 95.25 96.0 77.0. 70 77.00 79.0 66.50 63.50 Trade was reported at the open ing. Aggressive Selling for . Accounts and a few Hedges were in evidence. The buying was of a general character and was led by com Mission houses. Prices were one to a cents higher at the open ing and around three cents higher at mid session. Coarse grains there was a fair Trade in Oats and Barley with Domestic shippers on the buying Side supplemented by locals and commission houses. The wheat Board provided the Selling in both grains. Rye some . Selling was noted at the opening but was not aggressive. Locals and com Mission houses were on both sides of the Market and some inter Market spreading was re ported with Chicago. Chicago prices were All higher in the Early session with the exception of soybeans. Trade was More Active today in . Mar Ket centres. Italy was reported to have bought 2.4 million bushels of . Corn for next january april ship ment. At mid session prices were hold ing steady with flax extending its Advance to around 2vi to three cents. Some weekend even ing up Trade was noted in pit operations and the undertone to All grains appeared Strong. The wheat Board announced the withdrawal of All wheat of Fering after oct. 20 in order to re assess their position and ability to make further wheat offer Ings after that Date. The russian Deal is no doubt in the Back ground for the wheat Board announcement. Export loadings for the week were United kingdom Poland the Philippines Yugoslavia 665.000, Norway Germany Venezuela Bel Gium Okinawa and mall quantities to Nigeria and Long Kong. The Dow Jones commodity Price Index at. Noon Friday was 44.58, up .21. At the close Oats were up 6 wheat feed wheat .165% 207% 206% 198% 190% 1 am. Durum 2 am. Durum 3 am. Durum 4 am. Durum 2 . "9 sex. 3 . 76% 3 . 76 75% 72% 69% mixed feed 59 mixed Grain 64% Barley sex. 1 feed 1 feed 2 feed 3 feed 1 . 6 Row 2 . 6 Row "1 . 2 Row 2 . 2 Row 3 . 6 Row 3 2 Row 1 feed 2 feed 3 feed mixed Grain 11711 117 115% 115 h 115% 112 m. 106% 105% 102% 97% 192% 189% 186% 179% 173% 168% 165% 207% 20674 198% 190% 192% i 189% 468% 179% 173% 168% 165% 207% 206% 198% 190% 79 76 4 75% 75% 751-1 69 i 59 64 k 117 117 115 115 115 112 10611 105 102 v4 Grain futures Friday september 13, 1963 open Winnipeg oals May Barley oct. 110 May 109 i. Flax oct. Dec 313-314 May 320 31911. Rye oct. Dec. May Chicago wheat sept dec. 191 mar. May Corn sept. Dec. U351-h mar. U7h-11t. Oats sept. 65 dec. Mar. 70u-70 May .70w-70. Rye dec. Mar. 141 May soybeans sept. Nov. Jan. 261 mar. Minneapolis wheat sept 224v1 dec. 220. High of 79 do 7s% my 79% of 110% 110 do 108% by 109% of 321% do 314% my 320w Eye do 155 do 149 my 151% Winnipeg Low close Minneapolis Cash wheat 142% 127% 76 75% 75% my 140% 65 68h 69% 69% 136 139% 141 139 118 119% 65% 69-69 h ssh 11714 119 65 i 70s 70 138-138 136-136i4 140% 141 i 142 140% 3 . 6 Row 3 . 2 Row 110 u 112 i feed Kwh .105% 3 feed 102% 1 2 . .152% 3 . 4 .133% 132 h ergot track 1c-w 3 .285 track 319 59 114 114 110 110 112 106 106 105 h 102% 152% 152% 133 i 132 i 152 318 312 283% 317% Send 258 in 261 i my 254% 257w. 263% 2s8u-u 259-25su Minneapolis wheat so 225h 224w 225 224 do 220h 219 voc 232b 290 do 295b 395 new York up Canadian Dollar up at 92 in terms of . Funds. Pound Sterling Down at commodity stocks Friday september 13, 1963 car 2% Jan. 2, 1967 car apr. 1. 1967 Chicago eggs nov sept oct . Copper March sept . Potatoes april March nov High 3600 3570 3555 2921 2975 300s 244 235 207 249s 2360 2421 3550 3540 3515 2921 2975 300s 244 233 205 24so 2360 2-107 3565 3550 3530 2921 2975 300s 244 233 205 2490 2360 2414 Barley up it to Rye distributor wanted a Canadian manufacturer of Small outboard engines and Small engine driven products such As generators Snow blow drills pumps saws and Many other similar items is looking for an exclusive distributor for Manitoba Saskatchewan and the Lakehead with an established dealer set up who is prepared to carry reasonable stocks and service the territory. Representative will be in Winnipeg during latter part of september. Sen full particulars to Box 624 free press daily store hour 9 , to pin. Open thursday and 9 . To 9 . Dial us incorporated Canh 5 May 15. 1963. Car sept. 15. 1969 2% Tan. 16. 1971 car 3 3ifeb. 1. 1974 car 5 May 16, 1977 car 4 feb. 1. 1981 car Jan. 1, 1985 car 5 oct. 1. 1" com move 4 nov. 1. 1970 5% apr. 15. 1981 the North american scene including the Canadian Market must have Freedom to get. Volume through Export including exporting to the Amer ican Market in Competition or in co operation with their Parent 102.25 102.25 3850 97.00 94.5 99.00 100.1 93.50 100.50 s9.50 90.50 s7.50 88.50 86.76 .87.75 96.50 97.50 84.25 85.25 103.00 105.00 95.00 96.00 ill of Australia 92.00 99.00 101.00 International Bank apr. 1. 1365 june 1. 1969 pm. And prov. Records at Low Bay prices Long play recordings with music by one of America s favorite bands Billy Vaughan 92.00 Gunnn Ted 96.00 97.00 99.00 100.50 103.00 105.50 98.50 101.00 56.00 9s.uo tar Rcd in life Magazine towers downtown Minneapolis newest motor hotel 350 of the finest sleeping rooms in the with outside private View tree to and radio direct dial phones air and sound conditioning tub with enclosed Shower free parking. The dome at the top of the Capp of the most unique cocktail lounges you Ever saw Glass ceiling affords Beautiful View of City Day and night what a spot to bring your friends the Caribbean room and Pool on the top floor in an exotic pal tree setting serving beverages Buffet lunch. Convention and meeting facilities for 10 to people. Rooftop swimming for guests. Children under 14 free. For reservations write or calf 332-0371 two 1313 Nicollet ave., Minneapolis 3, Minn. Big Boom for Auto Industry Vancouver up Canada s booming automobile manufacturing Industry can be expected to Boom even More in coming years mainly because of the expected growth in Tine popu lation of car conscious teen agers and Young says Karl Scott president of the Ford motor company of Canada. Increase in two car families also will be a Factor he said in an interview tuesday. Or. Scott predicted that the 1964 Model year would be no worse than 1903 sales which topped 1962 figures. Thin would result in three consecutive High volume Auto sales years. He said the number of teen agers in the 15-lil year group in Canada is expected to increase 43 per cent Between u361 and 1971 from to More than the number of Young people in the 20-24 its expected to increase More than 30 per cent in the 1966-1971 period. These Are thei people who will be starting to buy he said. They Are already in the Ford company president was in Vancouver to unveil 1964 models to Ford dealers from All Over the Provinati the Public will see the new car later this month. The net capital movement into Canada from transactions in Bonds and stocks Sec Ond Quarter of 1963 amounted to s212 million a substantial reduction from the very High level of million established in the first Quarter of tire year. Ont. 3 nov. 1. 63-65 on 4-% oct. 1. 1967 ont. 6 nov. 15. 77-75 ont. 5vi May 1, 78-80 on oct 1. Si-83 ont Hydro 4v. Nov. 1, 64-67 96.50 98.50 on. 3" apr. 1.5, 68 91.50 93.50 ont. 3 apr. 1. 68-70 87.50 89.50 ont Joly 15.70 95.00 101.00 on 5 apr. 1. 74-77 95.t5 97.00 ont. 5 .4 feb. 15. 79-81 98.50 101.00 on 5 june 15. 19s3 93.00 94.00 4 oct. 15. 68-71 93.50 95.50 . 5 ;