Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 14, 1968, Winnipeg, Manitoba Winnipeg free press Friday june 14, 1968 19 by Sheldon Bowles the City of Winnipeg has decided to take sandpaper to some of the rougher edges of the big stick it plans to Wield in its drive to Force the province to contribute an extra million to City coffers. The move follows Strong reaction from the Winni Peg business Community to a report sent to the Provin Cial government by the City s finance committee Over the signature of mayor Steve Juba that said in part the continuation of the present Type of financing can Only Lead to the bankruptcy of the City and the same result will apply to the province of the City in t in any danger of going bankrupt said Winnipeg finance committee chairman Mark Danzker in an interview. When these things Are done they have to be done aggressively and with Impact or the whole thing is without he said referring to the report. Or. Danzker said the aim of the report was to improve the finances of the City and not to undermine Confidence in the City s financial position in National Money markets As some businessmen feared would happen following the statement that the City was heading for bankruptcy now we re going to have to perhaps Issue an ultimatum these things have to be done right you see you have to take the Bull by the horns Well Likely Issue an ultimatum even to the Point of saying Well discontinue welfare or withdraw our support for education. That s the Only Way Well get anywhere province. That s the Way politics works in these said or. Danzker. At the Root of the problem was the fact that people were demanding More and More services Many of which had to be paid for by the City. The City noted had Only one of Revenue realty taxes and had no to raise the Mill rate. Do you know that never has an education bylaw been turned Down in this City. Then last year they voted to build a swimming Pool in the North end when the pan am Pool could do the whole City for years in my opinion and then the people such items As education and health and welfare should be paid for by the province not by the City said or. Danzker. At present the City contributed 50 per cent of the revenues of the provincial government but Only received 20 per cent Back he said. Or. Danzker expressed regret that some members of Winnipeg s business Community who were upset with the City claiming it was heading towards bankruptcy were lambasting mayor Steve Juba As the Man responsible for the charge. The report was just sent out Over his signature As chief executive officer of the City. It was really the work of the finance said or. Danzker. Or. Danzker challenged statements by one Winni Peg business Man that the City s finance committee met behind closed doors to consider other than personnel matters and that Winnipeg ers were being kept in the dark about some City financial matters. There Are less in camera discussions in this City s government than there Are anywhere he said. Publicity is the life blood of All politicians they could t survive without it and Here we Are cutting ourselves off from it just for the Good of the Public and now we re being blamed. We Don t hold closed meetings unless it is for the Good of the said or. Danzker. Along the Avenue Alex m. Pepper Bridges and structures Engineer for Canadian National railways Prairie Region has retired after a 42-year railway career. John o Keefe arid Klaus Giesbrecht Highway transport Drivers for Reimer express lines have been cited by the National. Safety Council for 12 years of Accident free driving. Ira Sheridan of Dryden was cited for 10 years of Accident free driving. Cab Cash ins soar Ottawa up canadians cashed in Canada savings Bonds Between june 5 and june 12, More than in any s e v e n a a y period in recent years. Inspiration limited g. A. Jewett b.sc., p.eng., As vice president appointment of. G. A. Jewett and general manager mining services division is announced by w. W. Harris executive vice president inspiration limited Montreal. The division operates the largest contract Diamond Core drilling service in the world out of North Bay Ontario. Or. Jewett s Headquarters will be in Toronto. Inspiration limited is looking Forward to expanding its services to the mining Industry particularly in areas of most rapid technological development. Since Early this year holdings of savings Bonds have decline rapidly As investors dumped their Bonds to obtain higher yields on other securities. Weekly declines of to have been com Mon in the regular reports of the Bank of Canada. Thursday s statement showed total holdings of savings Bonds As of wednesday june 12, As Down from a week earlier and below the Peak reached at the end of the regular fall sales Campaign last november. The redemption have reduced the government s Cash on hand to uncomfortably Low mar gins. On wednesday the government s Bank balances stood at a slight increase of from the previous week but Down from a year earlier. Last month to improve its Cash position the government opened up to the Public a Spe Cial series of savings Bonds de signed to replace a 1959 series that would ordinarily have matured this fall. The Issue offered an attractive yield of 6.88 per cent and about were but the financing increased total savings Bond holdings by Only because Many existing Bond holders sold off Ower Coupon Bonds to take advantage of the improved yield. In the three weeks since then holdings. Have slipped by by the Canadian press t. G. Bright and co. Ltd., common 50 cents june 29, rec Ord june 18. Caribbean Cement co. Ltd., Ordinary sept. 16, record aug. 15. O Vij this crop of fall Rye was grown some years ago on tailings at the International Nickel company of Canada limited s Copper Cliff Ontario operations. It an Early Success for the company s agricultural department in its pro Gram to find a Way to s mine tailings by the use of vegetation. The Rye is used As a nurse crop to protect the grass seedlings during the first two years of growth. Inco turns refuse into pasture land the conversion of ban on areas of mine tailings Green pasture land was described in a paper delivered at the loth Ontario Industrial w a s t e Confer ence by t. H. Peters a member of the International Nickel company of Canada limited s agricultural department. The disposal of tailings the sterile Rock waste of the Mill has been of consider Able concern to the mining Industry. They cannot be dumped into streams of lakes As they would cause a Poh ution and silting problem. At International Nickel s Copper Ontario operations the tailings Are dumped in Saucer shaped areas where the Rock settles out and the clean water is decanted from the Centre be the depression. As the area fills the tailings around the Edge dry out and another problem arises. In areas exposed to wind the dry Loose tailings can be stirred up into a dust storm. Some years ago the prob Lem of stabilizing the dry tailings was put to International Nickel s agriculturists after Many years of trial and error they have devel oped a unique technique for growing Grain and grass on the Barren tailings the result is that not Only Are the tailings stabilized but the area is converted from a Grey desert to Lush Green pasture land. To Date Over 500 acres have been converted to gently sloping Grassland. Tests Are continuing to find even better More economical ways of growing vegetation on the tailings but a Standard practice has been evolved from the work Treasury Bill yield Montreal yield on government of Canada three month Treasury Bills dropped to 6.84 per cent from 6.95 per cent last week. The 11 basis Point decline brings the three month Bill yield to its lowest level since the end of february and reflects improving Money Market prices this week As Well As a lower Day to Day Money rate currently at 6% per cent against 7 per cent a week ago. Accepted bids on the million Dos of three month Bills ranged from a High of 98. 326 for a yield of 6.83 per cent to a Low of 98. 321 for 6.85 per cent. Average bid was 98. 323. On the million of six month Bills accepted bids ranged from a High of 96. 722 for a yield of 6.80 per cent to a Low of 96., 7 or 6.84 per cent. Average bid was 96.707 for a yield of 6.83 per cent against 7.0 per cent a week ago. Three month Bills mature sept. 13 and the six month Bills dec. 13. Both issues Are dated june 14. Similar amounts of both maturities will be offered next week. Investigate gasoline games i Washington congressional sub committee said it would investigate charges that gasoline games Are rigged with both the filling station owners and motorists coming up losers. Chairman John Dingell said his House Small business subcommittee will open hearings june 19 on evidence that seems to indicate some of the contests sponsored by major Oil companies Are not really games of Chance. Sale ends Waco fight new York do Crane co. Has sold its Block of shares of american Standard preferred Stock for million effectively ending its fight for control of Westinghouse air Brake company. Waco merged into american Standard last week and Crane received the american Standard preferred Stock in Exchange for its Waco holdings. Clone since the first crop of grass appeared on a Small test plot in 1957. The first task is to condition the acid tailings with a heavy application of ground Limestone about six weeks before seeding and again immediately before seeding. Fertilizer is applied and the area seeded with a mixture of grass and pall Rye. The Rye protects the grass during the first two years of growth. Snow fencing is often used to prevent seeds from being blown away or covered by Drifting tailings. Seeding is done towards the end of july As it has been found that the heavy Dews Are sufficient to pro vide All the moisture the seeds require and artificial irrigation is not required. When the Rye is harvested the following year a ten Inch stubble is left to collect Snow during the Winter for Protection for the grass. The grass is Cut each year and the Hay Soldo the local Farmers to feed their live Stock. To maintain the. Growth fertilizers Are applied annually after the Harvest. In recent years. Spontaneous tree growth has begun on the grassed areas and in time it is. Possible that the entire area will become forested. International Nickel s agricultural department one of the few such departments in the mining Industry is believed to be the first to grow vegetation on tailings areas in the Western hemisphere. Computer sharing spreads Montreal up bus newsmen and other parties a turning to time sharing com put ers to enable them to operate with greater efficiency. The Way to the full use of time Shar ing computers was opened wit the development of such device As the data com which permit the linking of business firm with computer centres. Companies too Small to inst their own computers economically Are taking advantage of the time sharing service. The service is coming into us in Many Fields including Busi Ness forecasting and planning design mathematics financial analysis and theoretical calculations. It enables the Small business Man to improve his competitive position by having the same a Cess to and Marke analysis tools employed by i larger competitors. Mcgill University installed a computer last fall and its com outer Centre has since entered the time sharing business pro Viding service to about 20 com panics As Well As to staff Mem Jers engaged in research Anc other work. An official of the Mcgill com Duter Centre said the time Shar no service is becoming increasingly popular and predicted greater use of the service by siness firms and private individuals alike. He said the Cost of the service depends Oil a number of Circum stances and that it was provided on a monthly basis or charged for by the minute. Data com developed by Bel Anada Ltd. And placed into ser vice in february is a rela ively simple unit consisting o a teletypewriter a data set Anc an Ordinary Telephone. A sitar system was introduced last All by Canadian Pacific and Canadian National telecommunications. Time sharing Ive computing almost any where with data com or an equivalent device linking Busi Ness or other enterprises with computer centres now located in such cities As Toronto Anc Montreal. A Bell Telephone spokesman said the Cost of the data com ranges Between and a month with additional charges or Long distance Communia ions based on regular Long Dis Ance Telephone rates. The Steps involved in using he time sharing system Are simple. All that is necessary is of dial the distance computer rom the terminal Telephone. A designated signal in reply indicates the circuit is hooked up. The message can be Type m the terminal keyboard Anc de directly into the computer r it can be prepared in and wheat overseas clearance of Cana Dian wheat during the week ended june 5 was Down sharply from the volume exported in the previous week. In its weekly statistical re port the Board of Grain commissioners said the Clear ances totalled bushels compared with in the previous week and in the corresponding week a year ago. Visible stocks of Canadian wheat showed Little change from the previous week and totalled bushels. Primary marketing were up to bushels compared with bushels in the previous week. Somerville industries l t d., pref. 70 cents july 1, record. June 15. British american Oil directors j. D. Harrington r. A. Laidlaw the election of John Harrington As a director has been announced by the British american Oil company limited. Or. Barrington succeeds a. Laidlaw who has been appointed a director emeritus of the company. Honorary chairman of National Trust company limited or. Laidlaw served As a director of British american for 17 years. Or. Barrington president of the mining association of Canada is also chairman of the Board of governors of the Ontario research foundation and a director of several companies including the Algoma steel corporation Canadian Imperial Bank of Commerce National Trust company limited and Excelsior life insurance company. Vance on punched tape to Speed up transmission. The system provides for simultaneous use of a computer by up to several Hundred per sons with no one being aware that there s anyone else on the system. For example a firm employ ing a dozen persons wishing to Issue their salary cheques com plete with deductions can easily do so. In this Case tile firm would have certain Static information on each employee such As name and social Security num ber. This information May be kept on perforated tape which is made on the data com set when the equipment is not transmit Ting. Chartered wants to Purchase Public accounting practice. For discussion write Box 439, free press. For Sale River Heights 4 bedrooms unusual Home immaculate 2 Storey Bright Home on Niagara st., Between Fleet and Grant. Close to bus schools and shopping Centre. Living room dining area stairs and hallways All newly carpeted. Most modern Kitchen with Moffatt deluxe built in oven rotisserie Carbur Etor dish Washer Etc. Spacious mahogany panelled family room off Kitchen on main floor with built in bar and Book shelves second bathroom on main floor with Ceramic Shower stall. Four Large bedrooms with additional built in closet space and built in desks. Convenient terms available. Phone owner 489-9505 or 943-5892 thus by feeding in this stand Ard information plus new data related to the particular pay period the firm gives the com Puter at the far end All of the details it needs to Issue the employee cheques. A Roll of Blank cheques is then put into the teletypewriter and in a Brief period the computer sends the required information to the company. And it s printed right on the Blank cheques. Railway company dividend notice at a meeting of the Board of directors held today a dividend of two per cent on the preference Stock was declared in respect of the year 1968, payable on August to Stock holders of record As at the close of business on june 25, 1968. By order of the Board. T. F. Turner Secretary. Montreal june 10, 1968. Auto leasing in Man professional and businessmen for your Auto leasing needs see de Funk Penner Dodge Chrysler Winnipeg Ltd. 3oo Pembina Hwy. Pm. 474-2316 100% of medical costs paid for groups of 25 employees or More enquire at 489-4703 for Sale commercial tourist resort Clearwater Bay Ontario most Choice and exclusive property in the Lake of the Woods area. For serious inquiries Only phone f. L. White Clearwater Bay no. 13 John Roddy 304a Kennedy Street Telephone 942-3951 the most carefully tailored clothes you could Wear a Unity Elf lathes manufacturing company Power tool division we have an opening for sales representative to live in Winnipeg and cover the province of Manitoba. Applicants should have a Good knowledge of Power tools and sales experience be 25 to 35 years of age. Must have a High degree of initiative and ambition. Previous experience of calling on jobbers dealers and wholesalers is desirable. This sales career has excellent Opportunity for advancement. All applications should state age marital status education and previous experience. All replies will be dealt with in strictest Confidence. Box 436 free press Sale Price 1968 javelin Transcona motors 801 recent 222-4262 ;