Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 15, 1968, Winnipeg, Manitoba Winnipeg free june 1968 15 James Claydon Money Marker Royal securities corporation next two weeks will b Cal for government Cas last Millio Icsis were pre in Exchange for the Active May and her million were re Lem Edthis the attrition Ifould revert Back to a mor Ormal million next a 58 government Cas balances will be augmented it onday with the net proceed Lof the million which will amount to approximately the Treasury Bill auction nex thursday will provide an additional Cash balances still need re then a million nine month or one year Bill Issue is a distinct the Bank of Canada was very George Weston limited dividend notice notice is hereby Given that a quarterly dividend of per share on the common shares of the has been declared by the directors of George Weston limited payable july to the shareholders of record at the close of business on june by order of the Board George Weston limited suite 1500 25 King West Toronto Ontario the Western savings and loan association appointment Dudley Roberts executive vice president of the Western savings and loan is pleased to announce the appointment of Dudley Roberts As sales manager of the province of British with direct responsibility As manager of the company Victoria Region Roberts brings to his an extensive background in sales and investment ment Gay cd Over the past 16 years with the the services of savings Are designed to help you make and keep More dollars through term certify one payment the shares of provident Mutual fund and provident Stock fund on an accumulation plan or Lump sum the representatives of Western also offer group and executive pension plans through investors group Trust and guaranteed investment certificates issued by the Montreal Trust the Western savings and loan association is a member of the investors instrumental in moving the 91 Day Bill average from Las week to this the Central Bank Purchase Bill sin the open Market the a prior to tender and the indications Are it was very Active i the tender the 91day Bills traded Down to per cent in the after Market with Street Supply virtually with the external value of the Canadian Dollar reasonably be there is every indication the Bank of Canada will Easi off the extreme position it a forced to adopt March 1968 when Bank rate was raised to 7v6 per segments of the Market Are anticipating such a shift in Central Bank policy is already evidenced by the rather vigorous rally in Bone prices since june William Mercer limited Robert William Mercer limited is pleased to announce the appoint ment of Robert Grindley As he is a fellow of the Canadian Institute of actuaries and of the society of Grindley will be available to consult with the company clients in relation to pension plans ind other employee Benefit he will make his Headquarters in he Calgary office and will ser vice the actuarial needs of clients n Saskatchewan and thinking of leasing he tailor each lease to suit your Par Cula transportation need stake the worry of servicing and maintenance of your shoulders leave you free f bothersome paper leave of free to concentrate our own talk it Over with or leasing Canada of As an have moved up from seven per 6 per cent while Canada 5 to 72 have risen to seven per provincial and corporate is sues have also done Well Ontario Hydro 7 of 92 Are up from to per while Toronto Dominion Centre 8 of 93 Are up from eight to per the weekly financial statistics of the Bank of Canada Revea general Loans up million the week ending june while Loans to provinces were up it is to be expected some of the million proceeds from cab redemption after june 5 will be earmarked for loan Over million provincial and guaranteed Issue will be delivered in the next 15 Days and part of these proceeds will be applied to the reduction of Bank next weeks statement will show to what extent the Banks participated in the latest Federal they were originally expected to run off Bonds if loan demand continued but it now seems Likely they will at least replace if not add to their Overall the whole Short term rate Structure seems pinned closer to the Bank rate than the Bill while Bills have dropped from seven to there has been no corresponding shift in chartered Sank term Deposit rates 7 to per cent or finance com Pany rates 90 Days the Central Bank desires a slight moderation in the rate Structure a change in Bank rate rom Ivy to seven be needed o precipitate the Chain read the income tax sur charge slated for con Gressional vote next thursday determine the Short and medium term Outlook for Bond adoption of the package would rim the deficit in the Federal unified budget from billion n the current fiscal year to approximately billion in fiscal rejection unthinkable but still would result in at East a billion deficit in 1969 and place the severest Strain on he Bond in the Federal Reserve would find it impossible to slow expansion of Bank credit and Money Supply to Check inflationary pressures and finance a ederal deficit of this magnitude at the same however much the Bond mar Ket May have already Dis mounted this it will till move ahead once passage s the prospects for our Bond Market look brighter now than hey have since the Early Days f 9433331 Century Auto leading real estate business Seldom offered a rare on today lucrative real estate Ideal for aggressive party desiring to Purchase and Long established for details write Box 306 free press by Jane Becker companies in mews Toronto up edger in vestments of Montreal Fri Day announced it has acquired control of two companies and will buy edger is a Trust set up by Allan Vic president of distillers for his the annual share holders meeting of great West saddlery ratified the Purchase by edger of about than half the most were bought for 60 cents a although great West Stock closed on the Toronto Stock Friday at great West said it would use a interest free loan from plus its own shares and its controlling interest in National Hees industries to buy Aquila computer serv Juthe Economy a Ottawa Banks Cash reserves average per cent of deposits in the week ended wednesday Accord ing to Bank of Canada statistics up from per cent in Early june and a full 17 Points above the per cent minimum required for the sensitive interest rate on Day Loans closed at 61 per cent wednesday Down sharply from 7vfc per cent a week As these Loans Are made with Banks excess Cash a Power rate on them abdicates Banks were feeling More the average yield on 91day Treasury Bills fell to per cent at yesterdays auction from per cent a week earlier and currently Are trading at per the companion 182day Issue averaged per cent at the latest the Low yield indicated to some observers the Bank of Canada acted to influence a downward trend in interest rate by buying most of the among Short term Bonds the Ive per cent Issue due july 1969 yielded per cent wednesday Down from per cent a week the average yield on Long term Bonds dropped to per cent from per in the ast two Days Lon term yields continued to fall these signs of easing Central Ank monetary policy indicated a lowering of the Bank rate is its believed the move is unlikely until after the june 25 election because of possible political it was also noted there int any technical need to lower the rate immedi swapped deposits amounted o wednesday just Lefore Ottawa announced new was contracts could be entered nto after a three month Ese deposits involve Selling Canadian currency for funds for Deposit the country and to weaken Canadas Dollar in foreign Exchange the Canadian Dollar was Rading at cents Friday own from before the ban Grain review by James Richardson sons Rockwell manufacturing company Power tool division sales representative we have an opening for sales representative to live in Winnipeg and cover the province of applicants should have a Good knowledge of Power tools and sales be 25 to 35 years of must have a High degree of initiative and previous experience of calling on and wholesalers is this sales career has excellent Opportunity for All applications should state marital education and previous All replies will be dealt with in strictest Box 436 free press lease a 1968 ambassador with air conditioning for per and or a 1968 rebel per and insurance licence maintenance Jim Cauthier Transcona leasing 801 recent 2224262 we had no sooner made the tement in our last letter that overseas buyers were showing Little interest in Churchill wheat when the situation was reversed and heavy bookings were made by exporters with the Canadian wheat it now appears that upwards of tons has been committed at this Northern Mani Toba port and we believe that a substantial amount of this has been sold to United kingdom besides the earlier sales to the wheat Board announced a further Sale of tons of Manitoba to Poland under their Lon term agreement with the usual credit terms to shipments will be made out of the Lawrence during july and this past week the govern ment of Canada donated another million of wheat to India under the International food Aid this also will be shipped out of the june 15 through july the Board increased the Price of Spring wheat and Drums at the Pacific coast 1v4 cents a the Lakehead 2 cents and Churchill and Atlantic cent in anticipation of ratification of the International grains arrangement by the United states other business included tons of flax to and about tons to Japan plus tons parcels of of rapeseed and Rye the Ood Agency in that country turned Down All offers of both Canadian and for the most crops Are progressing further Rains again hampered seeding operations i the East Ern portion of Manitoba but Welcome Rains in the dry East and Nort Central districts of Alberta encouraged Farmers to finish Saskatchewan has not received any appreciable rainfall in the last ten Days and although crops Are looking very Good a general rain would be Welcome Frost is forecast for tonight in Many parts of Alberta but this is not expected to result in extensive damage to crops at this stage of there seems to be some confusion regarding the Lawrence Seaway the president of the Seaway authority on one hand says a strike inevitable but officers of the Union Are talking abut further i n the the conciliation Board that has been looking into the problems Between Lakehead terminal operators and the Gram handlers has called another meeting which will delay their report and further delay the Legal time limit that the Union can the commercial disappear Ance of wheat this year so which includes both Domestic and is 312 million bushels which compares with 506 million bushels last the disappearance of All other Cereal grains and Oil seeds is also less than year ago figures million bushels of Oats versus 41 million million bushels of Barley versus million bushels of Rye versus million million bushels of flax versus million and million bushels of rapeseed versus the United states department of agriculture issued another estimate of Winter wheat production and placed the figure at million which will be a new record if despite the cutback in their Spring crops Are also in excellent shape with recent Rains restoring topsoil moisture and vastly improving subsoil heavy Rains fell in practically All of Argentina breaking the drought of three months Dura and seeding of wheat will now be underway in some of the Eastern european countries that had been com planning about dry conditions received some but whether this arrived in time to do any Good or not is not in the Northern Italy is complaining of too much rain while the hard wheat j districts in the South did not have was Canadian dollars for delivery in 90 Days were trading at a discount of 23 Points less than half the 50point discount that prevailed before the other Bank of Canada Statis tics for the week ended june 5 show Canadas Money Supply Rose As general savings deposits increased and term deposits currency outside Banks was up government of Canada deposits fell Ellliott Marion Gerry Parker president of Elliott Marion is pleased to announce the appointment of Gerry Parker As medical service representative for Winnipeg and Parker is Well known in the Winnipeg and has extensive sales a Montreal compute pro ramming it did not give the total Pur Chase but great wests 40percent interest in National which makes precision casting equip ment at is writ ten in on the company books at edger said it will then buy Back National Hees from Aquila As part of the Price to buy the computer great West share holders were told at the meeting Only that the company intended to sell National that edger intends to buy it up Labatt had net profit of in the year ended Empire Sheet Metal 725 Madison specialist in Sheet Metal fabricating april compared with in the previous consolidated sales Rose from the report includes two months results of Ogilvie flour Mills Labatt bought control of Ogilvie last butchers i am interested in learning the butchers Trade from killing to meat available even Ings and saturdays could travel to 50 Miles from willing to work for the experience write to Box 437 free press during the seven Days ended april freight fear loadings declined per cent to from the previous for Sale River Heights 4 bedrooms unusual Home 2 Storey Bright Home on Niagara Between Fleet and close to schools and shopping living pining stairs and hallways All newly most modern Kitchen with Moffat deluxe Builtin Gabur dish spacious mahogany panelled family room off Kitchen on main floor with Builtin bar and Book second bathroom on main floor with Ceramic Shower four Large bedrooms with additional Builtin closet space and Builtin convenient terms phone owner 4899505 or 9435892 Bowles appointment Dean Murdoch president of is pleased to announce the appointment of Dean Mur Doch As Murdoch joined Bowles As Winnipeg office manager in february of bringing with him considerable experience in advertising de sales pro Public relations and his thorough knowledge of the Winnipeg Market has proven invaluable to the Agency rapidly growing local in his new Murdoch experience will also be readily available to regional representatives of Bowles National commercial paint Spray Booth Waterfall Type phone 7758135 100 medical coverage w requirement minimum 25 do you qualify phone 5821720 or 9433772 for Sale James w 6000 Square feet modern warehouse and office Load ing Well located in a Industrial available for Early notre Dame 2500 Square with offices near Mcphillips suitable for Small Ware Light manufacturing presently plumbing and heating and is available As going concern including equipment and Well priced and available on Good office commercial 8700 situated out of downtown Well suited for professional or business adequate hard surfaced modern building with two fully Good investment Contact Biggings he 93157 or we 28267 Simonite Montreal Trust 200 213 notre Dame Winnipeg the Best automobile advertisement Ever written its an unsolicited testimonial to the Rover written by the editors and especially the readers of Road test Magazine and its Twenty eight pages whats Boad test Magazine Road test is a Magazine that goes to extreme lengths to be it does not accept any Auto motive advertising lest the accusing Finger of Bias should it uses a whole panel of specialists to test an automobile rather than relying on just one ask the Man who its editors reason that one car taken from a total production of thousands is not necessarily representative of the that the most demand ing test cannot duplicate the experience of daily use Over an extended so Road test hit on the idea of an owners they asked their crowning readers to Complete an exhaustive questionnaire on the Good and bad Points of the cars they the results Are now the most appreciated commenting on the first owners Road test says this the weight of evidence is Over reports have been received on no less than 63 different makes and models of both Domestic and even though Rover is not one of the top ten imports More Survey forms were completed on Rover than any import except of present Rover the highest figure state firmly that their next and Only Choice will again be on the Scales of likes and dislikes the balance tilts so far in rovers favor that there is material to fuel an admans dreams for a also number one among no owners but those considering imports is they toot our that quote appears on Page 18 of the May from there on the Magazine is totally devoted to and extolling the Virtues of the Rover 2000 including a history of How it got that we love and believe what they say and wish we could quote every word for the article with the Rover engineering Why cant everybody make a car this Good or the one from the Drivers seat Comfort and convenience beyond expectations or the Mechanic looks at it should last for space if not modesty what we can do is something better offer you your own copy of the ask your Rover Call the Rover zone or mail off the you the Burnell motor 1965 255 Burnell Winnipeg the Best automobile advertisement Ever written indeed ill be the judge of the Burnell motor 1965 255 Burnell phone 7752486 ;