Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 8, 1966, Winnipeg, Manitoba Winnipeg Frei press Friday july 8, 1966 i investment trends reveal weaknesses Here the latest calculation of the industries could be established. The time has Long passed though when such a concentration upon the development of Energy resources More than extent of foreign interest in the Economy As of the year end 1963, is More than usually open to qualification. In the two and half years since at least two major developments have taken place which could considerably alter the balances. One has been the extensive and continuing _ repatriation of equity the expense to the develop the automobile agreement. The1 first would increase the proportion of Canadian second reduce by John Meyer tons about the manner and extent of taxation. It touches on virtually All aspects of economic policy and practices. It leads eventually to such efforts at providing the answers As the Canada development Corpora Tion. But this on closer examination is obviously no More than a doubtful canadians Are no closer to Reso Viag the issues of foreign is Domestic electric investment w8" Ever. Were.-. The business world was was wheat visible report s Western Farmers delivered bushels of wheat to country elevators during the week ending june 29, the Board of Grain commissioners re ported wednesday. Bonds Toronto c thursday july a a tort bid corporation 616, in Nti univ Gas 5 a it tvs Algoma fun War. T. Two my Algoma steel 514, tvs aluminium 1973 90 up 4, 1984 phone Ste Bell push 76 98 Bowater too 7? 81 Bra Zzltan to w8 n Fiba Oil Svok w7 sow 13vi by Tel Svi nov. 1, 83 of the province. Would these arguments have been accepted if there had been readier avenues to investment in manufacturing and other industries this in the perspective the last five years seems the move appropriate question. It inevitably raises a Host of related questions about the availability of investment Opportunity and the Quality of the risks entailed. It raises ques essential to the develop qualification can be entered in ment o the Columbia and the build up through 1964 and j peace Rivers he takeover of 1965 of capital investment. The private utilities in Quebec How these would modify the j was argued on the grounds it conclusion that foreign interest was essential to their i Tegra has levelled off can Only be guessed. The Bureau of Statis tics calculates that non Resi tents owned 35 per cent of the Book value of major Industrial groups the same proportion As 5 1961 and 1962. It calculates non residents controlled 34 per cent the same As in 1962 and a Point More than in .1961. These figures certainly suggest a High water Mark has been reached but nobody can be sure until the current position has been calculated in the meantime the Bureau s findings Italy 000. East Germany Belgium Venezuela 000, plus Small quantities to Jamaica and Singapore. The Dow Jones commodity Price Index at noon Friday was 140.85, up .93. I at 11 Oats were Down j to up i Barley unchanged and Rye up unchanged to Down rapeseed Down to up 1v4. The delivery was bushels less than a week earlier bringing All Grain de liveries to bushels. Other deliveries Wuh the previous week s figures Bracke Ted Oats Barley Bye flaxseed 000 rapeseed visible supplies of Canadian wheat in North America drop Ped bushels during the week to visible supplies at june 1965 were bushels. Overseas clearances of Grain dropped bushels with wheat at pats Barley Rye flax seed rapeseed bushels. Rail shipments from country elevators dropped Bush Els with wheat com St Lawrence 5, is pared to bushels a she 197a week earlier Oats Only 1974 6.c. Moly Canada Cement 1976 c breweries 5, 1983 c b a 1980 c chemical 7, 1980 cell w77 oct. 1, 46 car h. 1983 cd 1983 Consumers Gas 5, 1978 Dominion stores Svi Dominion tarmv4 105 104 94 95 91vj 66 90 93 Vij 102 95vl 98 91 90 a 89 91 f 4vi 90% 93w 9sv4 89 91 97vi Loo a 91 i 94 Dryden Eaton accept. Eaton realty 3, 1978 Eddy e. B. 4, 974 Eddy e. B. 4, w74 Mac 1977 go. Paper 5, 1976 go Power or was dec. 1, 92vi my Oil Gas May 75 Home oils Iva 1984 husky out 1984 Imperial pit 3, 1969 inc 1978 Inland Gas 19s3 John Labott i june 15, jockey club 6, 191 Gas 1982. 83vi 84 a Tob Law Macmillan b. So 1978 no Gas 53.i, 1982 new a titles 1983 Pac Petroleum 5, 1977 Quebec Gas 1985 Regent refining 1w5 Algol a april 1. 83. Barley Rye flaxseed rape seed the Lakehead total Grain position of bushels indicated a decrease of bushels during the week. Cash thursday july 7, 1966 Lakehead wheat prices . And class 2 close or cd 93v2 87va 97 a 0793 96 93 95% 91 Vij 94w 91 i. 94va 89w 85 88 93 89 90w Stock Market mixed Toronto up uranium issues continued their feverish Advance in morning trading Friday on the Toronto Stock Exchange while the. Rest of the Market was mixed to lower. Analysts attribute the interest in uranium to expected in creased sales to the . In the late 1960fs and Early 1970 s and higher prices. Denison paced the group climbing a to a High of 59. Roman corp., which holds a Large Block of Denison shares Rose a High of 14% and Rio Algol added at 27 a also a High. Banks continued their Retreat As finance minister Sharp s Bank Bill recommending sweep ing the Bank act is expected to take a Long time in passing As a result of heavy opposition in parliament. Royal fell to 74, Toronto Dominioni to 6254, Nova insurance companies increasing cattle Ottawa is becoming an increasingly crowded Field in Canada but re Striction of the number of companies might backfire the fed eral supervisor of insurance said thursday. Richard Humphrys made the statement in reply to a Sugges Tion by Colin Cameron Nanaimo r Ehan the is lands that some Way other than insurance might provide better for old age loss of the family breadwinner or health care. Or. Humphrys said he can really say there is a need for the number of companies enter ing the insurance Field. But he has t Felt he could recommend the government restrict the number of new ones. For one thing such a step would apply to United states British and european compan ies getting into the Canadian Market. Such restrictions would provoke retaliation against Ca Nadian companies which Are big operators in other countries. Furthermore since the prov inces As Well As the Federal government incorporate insurance companies restrictions by the Federal government would not provide Complete control. A total of 350 cattle 50 calves and 350 bogs were offered for Sale at the Union stockyards St. Boniface. Cattle Market closed for Rife week with fair action generally steady prices on a Plain Quality offering. Replacement cattle and Stock calves sold generally steady. A few veal calves som Tower. Grade a hogs were there was no Lamb Market established. Good steers sold from 23 to 24, medium 21 to 23, common 15 to 20, boners 10 to 15. Good heifers 22.50 to medium 20 to 22, common 19. Too 1i6v2 wheat no. 1 Northern no. 2 Northern no. 3 Northern no. 4 Northern 5 wheat. Wheat. Feed wheat 1 am. Doom 2 am. Durum 209- % _ 3 am. Durum am. Durum clan ii open Export no. 1 Northern 209% no 2 Northern u86h no. 3 Northern no. 4 Northern ski 5 wheat 4 wheat feed. Wheat 1 am. Durum 2 am. Durum 3. Am. Durum 4 am. Durum 2 . Sex. 3 . 3 . Sex. 1 feet 5 feed. 2 feed 3 feed. Mixed feed mixed Grain t . 6 Row 2 . 6 Row 1 . 2 Rov j . 2 Row i 3 . 6 Row 3 . 2 Row feed 2 feed 3 feed Eva mw4 m6v4 183vj stir. 90j.i Grain inspection cars inspected 1940 Jol 5, 66 this or. Last or. Wheat Oats.138 Barley 121 195 a a july sept dec mar july 74v4 sept 6.85 1 dec 4.01 i mar n 135vj 133v4 133 a 137 135v2 734 134v 137 143 14.0% tilt 73w 75% 77vi 73 74 4.55 7.84 13.75 5.04 9.30 17.81 7.84 ,7.47 11.20 7.01 5.73 10.34 5.80 july sept 129 131 140v1 k9h 129 132% 131 131vz. Dec mar july 361w 356 344 sept 322 314 318 nov 309 303 Minneapolis sept "l98vi dec 198vi mar 200 135h-134 73 73v4-73 77 a 131 136 i 35u 301.vv302 197% Rye flax rapeseed other grand total 17 31 31 5 1940 1077 55 119 is 7 .11 0 1285 contract wheat 1015 530 thai garages Bangkok Thailand thai land has about vans and trucks passenger cars including taxis buses and motorcycles. About 30 companies operate big fleets of heavy vehicles and do their own maintenance work. There Are about 530 garages in Thailand Beer intake double Munich annual Beer con sumption in this brewing City averages 200 quarts for each Man woman arid c-Hild-4wice the rate for the rest of Germany. 140 140 ,138 13j .133 134 .128 123v2 87 i 84vi 54 791.4 138. 4 1341.1 Shell Oil 1977 Simp. Sears 1981 Toronto Star 1978 94 94 to Canada 5 june 1, Wivi traders f. Is 1581 84v Union Gas 534, 1981. 95 coast 1988 a 89 92w Weston g. Svi 1982 87va convertible issues Abi Tibi 4w, 1946 99 g utilities so 1977 129 farms 7, 1974 90 Home oils 1984 lob Laws 1976 161 Pac Pete 5, 1977 92v Silverwood Syf 120 Simpsons sept. 15. 79 137 Sussman c. 7, july 15, 67 101 a to canada3, june 1, 88 130% triad oils 1971 89% 92v? coast to Svi 1988 c 105v2 government Canada 3 sept. 1. 1966 99.65 99jq sept. 1, 99.70 99.85 dec. Is 1944 99.75 99.90 1, 1967 99.10 9s.25 oct. 1, 1967 9830 98.50 4v4 Jan. Is 98.35 98.55 june 15 ,67-68 96.00 s oct 1, 1vm 99.40 99.60 Svi apr 1, 69-w 100.60 5va apr. 1, 19w-196s 100.40 100.60, 5 july 1, 1969 98.75 5% oct. 1, 1949 100.00 100.25 May 1, 1975 94.25 94.75 5 june 1 1w1 97.25 97.75 1 sept. 197s 92.50 92.75 oct. 1 1973 95.75 96.00 oct. 1, 1975 new 98.00, 98.50 sva 1 apr. 1976 97.75 3vi. 1 june 1974-76 81.75.82.25 3 i Jap. ?5, 82.75 83.25 1 oct .1975 77.75 78.25 aug. 97.50 97.75 4vl sept. 1 ,1983 86.62 86.87 june 1, 1988 90.6 90.87 i May 1, 1990 93.50 93.75 i mar. Is 74.00 75.00 3 perpetual 71.50 7230 guaranteed car so Jan. 98.90 99.10 car apr. 1, 1967 99.20 car 5 May is 1968 car sept. 15, 1969 93.00 93.50 car Jan. 16, 1971 90.50 91.00 car sol dec. 15, 1971 99.50100.00 car feb. T 1974 87.25 87.75 car 5 May 15, 1977 94.25 car. 4, 1 feb. T981 Jii jan1, 1985. Car 5. 1 oct. 1987 Scotia Aud Imperial Commerce a each to 70 a and among other industrials. Walkers which Slid ivs thurs Day declined 1. To the j company is facing a possible j tax payment in the a tinted states because of disallowance of certain interest payments and Selling expenses Between 1958 and 1962, distillers dropped to and Bell Telephone s4 to in speculative mines Jaye explorations which dropped 40 cents in the last two Days was Down 1. To 44 cents on shares. On Index industrials were j Down to 162.52 and the tse f .25 to 154.61. Golds were up .18 j Doi. I to base metals. .86 96.09 and Western oils .39 to 105.13. Volume at 11 . Was shares compared with at the same time thursday. Trading Light Montreal up prices were mixed though some senior sections were fractionally lower on the Montreal and Canadian Stock exchanges. Trading was very Light and Many issues remained unchanged. The Banks were largely off in extremely Light trading. Nova Scotia lost at 70v4. Bell Telephone traded moderately Well but fell is to 51 i. Inter provincial pipe Lane added 3a to 77v4 among the utilities. Bathurst paper fell Back after tuesday s gains and stood at Good cows 19 to. 20, medium 18 to 19, canners and cutters to 17.so. Good bulls 21 to 21.50, Cywa Mon and fat bulls 15 to Good veal calves 28 to 30y medium 24 to 27, common 15 to Good Sleeker and feeder steers sold from. 23.50 to medium 21 to 23, common 15 to. 29.50. Good Stock heifers 1 to Good Stock steer calves 27 to 32, common and medium 15 to Good Heifer calves 23 to 26, common and medium 15 to 22. The bulk of Grade a hogs sold from 32.60 to 33.25 thursday s average 32.95. Montreal up the uni the discussion took place As Ted states Dollar in terms of f funds was up at nomic affairs committee approved a Bill to permit Canada health and Accident Assurance corp. To write life insurance when capital exceeds its Pec. 31, .1965, capital by produce wholesale Friday. July 8, allies run pc produce Ltd. Potatoes new California 100 ibs. 5.30 cabbage new ont 3.00 cooking lettuce Calif. 2 Doz. Peppers. Imported tomatoes 35 Tbs. Carton Calif. Radishes cello Doi. Pound Sterling was unchanged at Economy to trifle new York the size of the american Economy has almost tripled since the 1929 Ket Eash. Economists feel that another tripling in. The next 35 years is probable. Contest exploration co. 6 cents aug. 10, record july 15. .1.20 commission House prices Builer non Tan Drabie. .58 e6g5 paid to producers for grades eggs delivered Winnipeg cases eluded As reported by r. A. Norm teen Law. Grade a .32 Grade a medium .35 Grade a Small.32 Grade .32 average wholesale to retail car toned Price f.o.8. Winnipeg m reported by the Canada dept. Of Agri culture for july 7. Grade a Large Grade a medium 42.5 Grade a Small 30.6 poultry prices delivered spa. Live no. 1 to producers Chicken broiler Chicken .18 .23vj Chicken .22 -.25 Chicken Over flit fowl. Under 4va fowl i to s i fowl Over .25 ii ,-.13 .13 -.15 .17 -.18 off. Great lakes was Truchan Jed at 2 Viz on transactions of shares. Among miscellaneous industrials Alcan and cil each slipped it at 38% and respectively. C a n a 4 a Cement sept. 9, Overland express Ltd., pref. 15 cents july 29, record july 15. The Algoma steel corp., com Mon 25 cents sept. 30, record j for rent Presto i office building located near tie june Mon Anne i is. W. This 10 or. Old building so. It general end private of face space Olus Good parking or. Staff and visitors. It is ideally located for the suburban Branch of a Bank insurance company finance com Pany etc., or with some Modifica Tion a Small private school medical or dental Centre. Fur ther information tall Hinchc realty be at 41% and Massey at 35. Pc Ibec sold shares As .82.50 83.oo, added 99.58 .100.00 90.50 91.00 of Australia 4 nov 92.50 93.50 it climbed one cent at 24. Apr. Is 98.00-100.00 Industrial volume was 40.600 and mines and oils j nt6rmationau Bank it 1, 93.50 mixed Grain Minneapolis Cash wheat . Funds maximum july 6, 1966 no. 1 dark nor. Spring 13% prot. 203 a one Arr bar durum 190 local sales terminal stocks subject to Winnipeg Cash close 2 . Sex. 3 . 3 . Sex. 1 feed feed 93 50 90 90 192 93% 2 feed 3 feed mixed Fec 1 . 6 Row 2 . 6 Row 1 . 2 Row 2 . 2 Row 3 . 6 Row 3 2 Row 1 feed. 2 feed 3 feed kv.4 54 .w2 -132 5vi mar. 15, 1v90 90.50 91.50 Prev. And Prav. Guaranteed ont 43.i oct. I 1967 .99.00 ont. 4 Jan. 1, 97.25 of. 4 nov. 5, 1977-79 100.00.101.00 ont. . 15, 1981-85 95.00 94.00 ont. 5 i apr. 15, 91.75 92.75 ont. Hyo 4 i nov. 1, 64-67 97.75 ont had 3 Jan. 15 96.50 97.00 ont had 3 apr. 1. 68-70 91.50 92.60 ont had Svok july 1970 98.50 99.00 ont had 5 apr. 1, 1974-77 92.60 93.00 ont had sva Fesl. 15, 1979-8 95.00. 96.00 Cut Hydl be. I 1981-85 91.50 against and at noon thursday. . 4vi oct. 5, 1968-71 . Sept. 15, 1988 . Dec. 1, 1975-77 . 5 a May 1983-85 54 que. Jan 15. 1974-77 que. Sva apr. 1, 1987-90 6, oct. 15 oct. 15, he 130 i 88.00 89.00 90.25 91.25 996.50 97.50 93 2s 94.25 132 s i sue had 90j5 91.75 Oue had 5, feb. 15, 1995 83.50 Alfa Tel 5v4 apr. 15, 1983-85 91.50 92.63 trading drags new York pc lock Market firmed somewhat Early this a it e r noon As trading dragged. Volume at noon was shares fewer than at the same 93.50 hour thursday and reflected i 89 so t considerable caution on the parti the investment Community. Paper paper Board converting Many with Many years experience. Purchasing Cost and inventory control personnel supervision desires change. Box 1745 free press Island tug Barge limited dividend notice notice is that a dividend totalling fifty cents far share being the fixed cumulative dividend at the rate of 5% per annul accrued for the six months from february 1st 1966, . Participating dividend for the year on the 5% cumulative participating redeemable preference shares of the. Company will be paid on August 1st 1966 to shareholders of record july. 15th 1966. By order of the Board Edward judo vice president and Secretary treasurer. Rye 1 2 3 . 126h 126 123 131h it 125% 130% 286% 4 ergot track 1 2 284h 3 .259% 29 h in store Vance no. 1 can. New York up Canadian Dollar unchanged at in terms of . Funds. Poured Ster Ling unchanged at Man. 5 a june 1, 7s-79 95.00 94.00 Man had in r. 1. 90jo 91.50 sask. Pec. I 83-85 93.00 94.00 Otto. Sch oct. 1, 198p 89.75 91.25 . Elec 5 aus. 1, w.50 . Elec Svi au3. 1, 1986 92.50 . Elec aut. 1, m84 84.25 85.25 . Elec set Jan. 2. 88.25 90.25 move aided Ottawa executives and skilled workers transferred or newly hired by Canadian firms get help in moving according to an Industrial study. Three quart ers of the firms help manage ment men sell Homes in the course of a Transfer. About two thirds help new employees with their moving expenses. Abi Tibi announcements the strike against five major . Airlines upset Confidence but most weathered the airline stocks Early Selling and a. Mcbride t. N. Mclenathen g. A. Sutton j. F. Williams j. C. Jordan ree costello. Senior Abi Tibi paper company Ltd., announces the retirement on August 1st of e. W. Mcbride vice president manufacturing after 43 years service with the company. Or sztello also announced the appointment effective August 1st of t. Newman pm Ena Eben manager of Mills Gordoa a. Button As manager of manufacturing by and f. Williams As Mill manager Iroquois Faus Ontario. Also announced is the appointment of Justin c. Jordan As Milt manager fort Wulliam Ontario effective july 1st. Prior to their appointments or. A Clenaghen was manager of manufacturing or. Suture was Milf manager of the Iroquois Falls operation or. Williaws was Mill manager of the fort William Mill and or. Jordan was assistant Mill manager at the port Arthur Thunder Bay newsprint of iffy. Either wiped out losses or wooed Small gains. Narrowly mixed pattern prevailed among autos tobaccos rails and electronics. A few of he Glamor stocks showed wide swings either Way but most movements were limited. The associated press average of 60 stocks at noon was up .3 at 323.2, the Dow Jones Industrial average was up .50 at 892.13, having wiped out an Early loss of . Of the five struck airlines the Only one to show a loss in Early afternoon was nation Down More Ithan a Point. Eastern edged higher. United was up Knost a Point. A 3-Point loss by ism quid a 2 print jump by control data featured the Eoa Puter issues a published report about control data s new plan for financing Long Wra computer leases was a Factor in Ehe Stock action. Market Dull London Reuters the Slock Market was Dull again following suggestions of further measures to strengthen Bri Tain s Economy. Losses were usually no More than a few Pence and company news again provided some Good features. Gilts were easier. Some Dollar stocks improved at first then ran Back sharply As fee. Invest ment Dollar Premium receded. In canadians International Nickel was Dull after opening firmer. Oil consolidated mining Canadian Pacific Hud son s Bay Oil and Gas Tran s Canala pipe lines and Brazi traction were easier. Al a Gonia and Hollinger remained firm. Canadian Banks lost thurs Day s improvements. Unilever and Philips lamps lost thursday s gains but Hud son s Bay improved a Little. Fob rent executive Bungalow 3 bedroom 2 Bath Large ranch style. Available August 1st. Rent to View 22 Arrowood drive South Garden City 334-5538 Lindsay building Small and Large offices at reasonable rentals. Renovations Ami air ing to tenant Rundale agencies Ltd., 301 Lindsay bldg. Phone we 2-6187 reputable Long established upholstered furniture and drapery business for Sale due to owner s illness opportunities for Allied tines sacrifice Price for details write Box 1798 free press for Sale of a Cash basis general insurance Agency average annual Premium income commis Sion earnings in excess of reply Box --1714 when wig i miss motor truck Dealership International Harvestor co. Of Canada Ltd. Have openings in heavy Industrial areas of Ontario. Cross sales exceed one million dollars annually. Re quires experience and adequate capital. Apply Fox press ;