Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 20, 1968, Winnipeg, Manitoba Winnipeg free press saturday july 20, 1968 .17 unlisted Richardson securities Friday july 19, 1968 bid asked industrials Abbey life 6v a. G. F. Management 3s Aimeul farm i guardian growth. 954 general distributors 13% income Dis spar aerospace 3 oils and mines Abl no 3 red Lake 7 red Lake 6 Amaly. Rare Earth 95 aug dome 25 Mac 17 Carter can 25 Casrie bar 10 Commerce Nickel 17 7 Ganda Silver Gara 160 Indian Mountain. 80 Jamel and 197? aug. 1985 5% May 1, 1987 7 feb. 15, 1986-88 Ontario set july 1, 1196? 3 april 1, 1970 oct. 15, 1970 5 March 1, 1971 6 july 5, 1972 3 june 15, 1973 4 july 15, 1974 4v2 oct. 15, 1974 4% aug. 1975 4 Jan. 15, 1976 5 nov. 15, 1976 it Jan. 5, 1977 3v2 oct 15, 1979 july 1, 1979 july 15, 1980 5 june 15, 1983 oct. 1, 1984 5% Jan. 4, 1988 6v july 5j 1987 6 March 15, 1990 sept. 20, 1989 7 april. ,1, 1992 car dec. 15, 1971 feb 1, 1981 5 oct. -1, 1987 5% Jan. 1, 1985 89.25 89.75 94.75 95.50 86.00 86.75 87.75 88.75 83.00 84.00 74.00 j33.75 84.75 87.00 88.00 90.75 91.75 83.25 ,84.25 85.50 86.50 ,98.50 99.00 Hydro .98.87 94.25 94.75. 96.25 94.75 95.25" 96.00 97.00 85.00 85.75 84.50 85.50 86.25 87.25 .86.50 67.50 81.50 8225 86.50 87.50 94.25 95.25 73.25 74.25 89.00 90.00 86.50 80.00 81.00 81.50 82.50 85.00 86.00 91.00 92.00 87.25 88.25 93.50 94.50 98.50 99.00 7.0 7.00 7.0 7.0 7.0 6.84 7.08 7.08 7.06 7.1 7.06 7.09 6.99 6.28 7.06 7.0 6.88 6.43 7.00 7.06 7.02 7.09 7.00 7.00 6.81 7.07 7.06 7.08 7.08 7.09 7.02 7.07 7.00 7.09 95.25 96.00 6.83 75.00 76.00 6.88 79.75 80.50 6.84 88.75 89.50 6.82 Stock averages Richardson securities Friday july 19, 1968 Dow Jones new York 30 20 15 kinds a lords utile or cd 917.95 259.41 133.95 am 917.41 258.78 134.01 noon 914.94 258.63 133.50 m ,914.46 133.69 2 pm.915.78 257.80 133.56 cd 913.92 257.60 133.28 sales till . Friday s Range open High Low 30 ind 919.15 924.21 907.60 20 a lords 259.01 260.30 256.31 is util 133.91 134.62 132.51 Toronto Toronto 77 66 16 b 9 w kinds golds metals oils Prici 171.20 195.14 106.84 213.41 am 171.37 197.98 106.87 211.64 noon 172.01 140.80 155.90 164.31 kinds gods mils oils 1 pm 171.45 197.63 106.78 210.32 cd 171.29 198.70 106.46 volume Montreal 65 13 7 85 kinds a tells Banks comp Sci 172.05 14v.04 155.39 164.34 noon 172.01 155.90 164.31 cd 172.00 141.30 156.88 164.52 Mutual funds Toronto up Friday s closing prices on selected Mutual funds sup lied by the companies directly or through brokerages. They Are prices at which the securities could have been sold bid or bought bid ask Andreae equity 3.89 4.25 All can com 8.18 8.94 All can div 9.91 10.84 All can Ven 9.72 10.62 american growth 7.44 813 associate investors Canada growth 7.86 8.64 Canada Security 4.68 5.14 can Channing venture 5.18 5.68 can Gas Energy 13.18 14.44 can investment fund 4.18 4.58 can Scudder fund 19.02 19.02 can Sec growth 9.17 10.05 can trusted 4.57 4.99 can fund 58.05 60.95 collective Mutual ,7.19 7.85 Commonwealth into 11.9513.10 Commonwealth into lever 15.2416.70 i corporate investors. 6.02 diversified income a 1.50 1 66 diversified income b 4.81 5.29 dividend shares Dominion compound ,5.06 Dreyfus 95.24 76.63 Federated financial 6.30 6.89 Federated growth 7.50 s to a Fidelity trend 31.03 33.73 Fraser fund 12 35 12.41 gis compound 10.16 11.11 gis income 4.44 4.86 growth equity 8.62 guardian growth 8.96 Harvard 17.44 19.04 Keystone Cust so 25.86 Keystone Cust s-4 7.04 -7.69 Keystone Cust k-2 7.56 8.26 Lexington research 11.04 12.07 maritime equity 3.87 Molson m fund 4.72 4.96 Mutual accumulating 5.63 6.16 Mutual Bond 8.51 Mutual Bond income 4.77 Mutual growth 6.91 7.55 Mutual income 6.11 Nat Rusco 13.48 14.08 natural Rex res j.62 8.33 Xone William Street 17.2917.29 pension Mutual 9.04 principal growth Putnam growth 13 95 15 25 Regent fund .10.69 Roy fund 5.58 5.75 Sav inv pret it Rev 7.52 8.22 a techno 10.3811.31 timed investment fund -6.27 6.30 United accumulative 122613.40 United american 3.16 3.47 United venture 5.77 6.34 Universal savings equity 6.50 7.10 Wester growth 5.47 5.98 York fund of Canada 4.31 4.68 . Funds Cash Grain Friday july 29, 1968 Lakehead wheat Board prices . Wheat and class 2 no. 1 Northern 198% no. 2 Northern 3 Northern.192va no. 4 Northern. 18bv4 Issei 5 wheat. 185v2 6 wheat .1b2v2 182v2 feed wheat it a 178% 1 am durum. 205v- 2 am durum 203v2 3 am. 201v2 4 am. Durum 197 197 Churchill prices no. .1 Northern. 202vs no 2 Northern. 198 i -198 no 3-Northern 197 197 2 . Sex. 3 . 92v 3 . 92v4 92v4 sex. 1 feed 92v feed 91v4 2 88v41. 88v4 3 feed b5v4 85v4 mixed feed. 50 50 mixed Grain. 80v4 80v4 . 6 123% "124 2 . 6 Row 123% 124 . 2 -122 2 . 2 121%122 3 . 6 Row 121% i 122 3 . 2 Row 117% 118 feed. Svs 2 113% 113% 3 feed. 110% 110% mixed Grain. 105% local sales terminal stocks subject to confirmation Oats 2 . 95 95 sex. 3 . 92 92 3 . 92 sex. 1 feed 92 92 feed. 91 91 2 feed. 86 86 feed. 83 83 a fixed feed 50 50 . 6 Row 119 119 . 6 Row 119 119 . 2 Row 119 119 . 2 Row .117 117 . 6 Row. 117 117 . 2 Row. 115 115 feed 115 115 feed .113% 113% feed 110v4 11014 1 . 2 . 3 . 4 . Ergot track -l.. 2 . 3 track 120% 120% 115% 106 a 120v2 368 36314 339v2 368 rapeseed in store Vancouver no. T can. 120% 120% 1153, 106v 1203 365 ,362v -336v 365 200% Grain futures Friday july open Winnipeg flax by 370-372 of de 329-329 a. Rapeseed by. No a Oats by 95. Barley by 119 of 11678 de Chicago wheat be de Corn Jose de Oats Jose de. By Wiz be de soybeans by a 266 a be 258. Winnipeg High Low cd. Or. Cd. By 372 364va 368 365b of 336% 336 336 336 de 329v2 328 328 my. 336ve rapeseed by 201 Van 201va 201vs- soon so no 209% 208% a .210v4 209% 209% 20? my. .2130 95 95 of 93v2b 93% de 92v4 92a my. 94n 94n. 119 119 of 116% 116% de 116% 116a 1161 Vly i want of 124v2 12414 3e 124% 1253 my 130 Chicago by 128 127v4 127% 127% be 129% 130 Dei 136% 136 136% my i 142% ,142 by 112 109% 111% 110 be -.11114 ill 110% de 111% m0% Ali 116 11514 116 Llsms by t 69v4 67 68 be 61% 61% de 64. 63% a i Fly 65% 65% .65% by 117% be 115 115 de. 118 117v4 117% 117% my .121 120% .120% 121 by. A. 266% 265% 266va 266v4 258% 257% 258% no 255% 254% 255 a 255va Montreal Richardson securities Ltd. Friday july 19, 1968 last Asbestos aluminium pad. Anglo can pulp. Anglo can Tel pad a a Bank note. I c Bronco a e Price can Bronze can int Power Coghlon b j Consumers Glass Crown Cork Seal Crown Zellerbach a of sugar 5ohohue Bros is Seagram 55 11% 47% 9v4 29 16v2 16v4 16% 25v4 6v2 -45% Dom Bridge Dupont of Canada 33 Dom textiles Fraser 17 Gatineau Power Handy Andy 9 Hudson s Bay co. 26% int paper Mcallister Montreal Loc _ Robert Mitchell a 10 Molson b 27 Molson a 27 Ogi Lyle Jamaica pub serv que Nat Gas fld 8 Rolland a. 228 Shawinigan. 9 some nines Ltd 14% Southern 43 1814 Steinberg s a in Steinberg s pad 86 Walker g 8, w -34% Zellers. 16% gulp or 20 mid . U Quebec Cobalt. 115% velcro. 57 Canadian Stock Exchange Belding Corticelli. Can Kodak catello a _ Chenalloy. 53 foreign pow sees g w a. 46 int helium int paints Melchers Melchers pad. _ new industries fld l 8. P _ spartan air 109% shop save .___.___. In Sperry Rand 46% 45% Shell 68va Sun Bay of 48v4 Sunstrand 88 Swift 28% Texas Gulf suffer 139% Texaco inc .81% 79% .44 42% Union Pacific 53% s2 aircraft. 68 68 of steer 39% . Rubber 59 59% Westinghouse. 75 Woolworth 28% Xerox 280 285 Johns Manville 64%northrop 42v4 technicolor 34 i 33% Metal Climax 48% produce Wanoi Eslait Friday july 19, 1968 Allied fruit produce lid. Cooking onion Texas 450 lettuce local Doz. 275 Pepper Cal Pound -.40 cabbage new Man. 50 ibs. 3.25 Green onions Doz Cal 1.25 potatoes Cal 100 ibs. 7.25 radishes cello 1.50 tomatoes 35 ibs. Mexico 7.00 commission House prices butter non tend Erable average. Wholesale car toned Price . Winnipeg As reported by the Canada dept. Of agriculture thursday july 18, 1968. Grade a Large 41.2 Grade a medium 35.7 Grade a Small. 26.3 poultry prices live no. 1 to producers delivered Winnipeg. Chicken 20 a 19.-20 20-22 fowl Over 5% Chicken Over 8-11 12-15 23-25 new York Richardson securities Ltd. Friday july 19, 1968 or cd. Amerada 85% 85v4 50% 50% am motors 12% Allied chem., 36vs Anaconda 47% Aramco 50% 50% 33% 33% Beth steel 29% 29% Boise c a. 60% Ben Fin. 43% 44v4 Burroughs 202% Campbell soup. 32 Caterpillar 39% celanese corp 59 Chrysler 60v2 c p a. 7% 7% coned. 34% 34% conc ind 41% 40% Crown 49% Deere 8, co.-.-. 49v2 50 3ow chem 79% 79% Douglas aircraft 51% 51 Dupont 165 165% Eastman Kodak. 7p% 77vs paso 19% Ford motors 53 Federal Pac. 25 Amble Sagmo. 29% 29va Gen elec 85va 85 Gen foods. 88 87vz Gen motors. 84va 83 Goodrich t 65va 65% to. 57 56% great a 8. P .30v2 30% Golf Oil 80% 80% ushold Fin 44% 43% j i Case. 15% 15% Home stake 11v4 109% b m 355 3471a Polaroid 67% m m m 106% enter Harv 33% Mont Ward 32% 32% Newmont 66% by Central. Eni Isy. Wexall 34% up steel 42. 42 Adlo corp .46% 47 Reynolds tobacco 43% dutch 49% 49% Safeway 28v4 thinly 47% 47% 71% 70 to Regis. 34% 35% Tankard of. 76% 79% Cony. 49% 50v2 1 Vancouver Richardson securities Friday july 19, 1968 or. Cd. Industrials . Sugar 4300 col Nat Gas Captain int 11% first Nat Mage Fundy chem 225 Gill inter prov lines 875 growers wine a 275 North West life. 600 Okanagan hell 600 Pac West Al runs 11% Scott paper 1950 oils and mines futurity oils 47 peace River pet 560 Sharpe Oil 34 Rencona 16 Arctic eng. 395 Arlington Silver. 37 Bethe sex Bethlehem car Brenda mines Caribou Bell Chatawa sex. Dynasty sex Endako mrs giant exp Wornex eng Cascade Molly Natl. Nickel North Lodge car mrs. Peace River eng Silver Standard to West res. Stall Lake mrs Newline uranium consolidated Skeena 64 730ask 1000 48 35ask 850 1100 37 685 50 250 330 100 140 70 83 4300a 1050 225 875 275 600 5% 11% 46 580 16 410 39 64 7303 985 46 32 855 1125 37 67s 49 265 325 425 101 39v2 19 148 75 83 Grain Market july flax prices steadied after rallying As High As seven cents Over thursday s close in a flurry of activity. Friday on the Winnipeg Grain Exchange. Short coverings for the july future flax eased at mid session and there was Small scattered Selling. The future was at a 35 cent Premium Over the Mew crop futures As monday s end of july futures trading approached. In other flax futures there was a Small local and commis Sion House Trade. Exporters bought rapeseed on Light hedge offerings at fractionally higher prices. Oats and Barley Trade was routine for the Domestic Market at steady prices. Rye trading was Light and mostly inter month spreading with some exporter buying. Total futures trading volumes thursday flax bushels rapeseed Rye Export loading of Canadian wheat included bushels to Britain to Belgium to West Germany to Sweden and to Russia. Lakehead prices for class two Iwa and Domestic wheat All were unchanged. Closing prices flax july 3 higher 3.68, oct. Unch 3.36, dec lower 3.28, May a lower rapeseed july higher 2.01 nov higher Jan a higher March higher 2.13b. Oats july unch 95, oct lower 93v2d, dec. Higher 92j.4, May unch 94n. Barley july unch 1.19, oct a lower i.l634b, dec vib higher 1.16y8a, May unch . Ryer july unch oct lower 1.2444, dec it lower May unch 1.30. Prices for class two wheat for Export to countries outside Iwa 1 nor 1.98v4 2 3 4 1.8814 5 6 1 durum 2 3 Iwa and Domestic prices 1 nor 2 3 4 5 6 1 durum 2 3 Grain inspection closing Dollar cars Insi acted july 16, 1968 Thi syr Las Tyr. Wheat. 401 384 Oats. 17 30 Barley 52 48 Rye. G flax. 15 23 rapeseed 5 u others. 1 2 Montreal Ftp the . Dollar in terms of Canadian funds Down 1-16 at 9-32. Pound Sterling Down a Lei at 9-1g. New York Cana Dian Dollar up 3-64 at 93 7-32 in terms funds. Week ago 93 3-64. Pound Sterling unchanged at 5-32. Bonds Toronto changes for Friday provided by the in vestment dealers association of can Ada bid ask corporation non convertible abit Ibl paper 7v4, 1987 Alta Gas 6v2, 1981 87vi 90v2 v Algoma by much 1 ,79 Algoma steel 5v4, 1978 81v2 84v2 aluminium can 1973 87v2 Anglo can pulp 1986 87 Bath Power 6, 1984 79 82 by is 7 oct 15, 1987 95 98 Bell Tel 1992 90vi 93v2 Bell Tel 7t, 1991 100 102 Bowater Power 1980 69 72 f a Oilve 1977 82v2 85v2 by Tel 1991 83v2 86v4 by moly sex 1976 84vi can Cement 1976 83v2 can brew 5, 1983 74vi can 6v4, 1977 87 90 can chemicals 7, 1980 92vi can into 1977 84 87 car 5, 1983 can w Nat Gas 1983 Consumers Gas sv4, 1982 79 82 Dominion stores 1976 Dom tar chem 1987 87 90 Dryden paper to 1974 83 86 t Eaton acc the 1987 96v2 99v4 Eddy e. B. 4, 1974 78v2 pm acc 6v4, 1987 87 pm acc 7, 1986 90v2 93v2 j it la paper 5, 1976 83% it lakes Power a 1975 78v2 80v2 it mpg Gas 6 1979 83 86 Hudson Bay Oil 4, May 75 Sovi husky Oil 1987 88v2 Imp Oil 1988 100 101 i a 1986 93 96 inc 1984 90 93 Inland Nat Gas 6v4, 1983 Labatt june 15, 1987 jockey club 6, 1980 84vj Lakeland Nat Gas 6, 1982 78 81 Loblaw 1981 Macmillan Blondel 78 n cent Gas 1988 80v2 83v2 nest utilities 1988 77 80 Price co 1987 88v2 Quebec Nat Gas 65 72v2 Rio alg Aprl 1, 83 80v2 St. Lawrence 1980 93v4 London Market i London Reuters a Strong rally in Good shares Fol lowing South Africa s Gold pol icy statement wednesday High i lighted activity on the Stock mar Friday. Prices were marked up sharply from the outset and went further ahead later to close with gains ranging almost to 10 shillings in the leading mines., Shell Oil i 1976 Shell Oil 1977 Silver Woods 1986 a 1987 Simpsons a 1986 Tor Dom by 6, 1987 Tor Dom by 7, 1987 Tor Star 1978 to can pm 5.85, 1987 Trad Fin co to 1987 Union Gas a a 1981 West trs 88 a Weston George Fla 1987" 83v2 87v2 90v2 90v2 85 8 84v2 96v2 99v2 83v2 86vj 79 82 87 90 81 84 86 89 convertible Ackland 1988 106v2 Home oils 5v2, 1984 118 121 Pac petrol 5 ,1977 84 87 rothmans 1988 105 dynasty ex.7, 1992 106 109 Simpsons 1979 165 West trs 98 a 97 100 Trp 5 dec 1, 1989 95v2 p a w air 7, 1982 107 110 shop save 57 dec 15, 86 120 Scurry r May 1, 1988 107v4 109v2 government Canada 5 15 oct 1968 99.60 99.70 4% 15 dec 1968 99.25 99.35 1 april 1969 99.40 99.50 1 july 1969 100.30 6% 1 july 1969 100.25 5% 1 oct 1969 99.15 99.25 ii t july 1969 98.70 98.80 7 1 oct 1970 100.95 101.05 5% 1 dec 1970 98.15 98.25 6 1 april 1971 99.10 99.20 a 1 sept 1972 90.50 91.50 5 1 oct 1973 91.50 92.50 5v2 1 oct 1975 91.50 92.50 i 1 june 74-76 80.00 81.00 1 aug 1980 89.50 90.50 1 sep 1983 79.00 80.00 1 May 1990 83.50 84.50 5 a 1 sep 1992 89.50 90.50 3 perpetual 47.00 49.00 government guaranteed car 15 dec 1971 95.50 96.50 car 5 15 May 1977 86.00 87.00 car 5% 1 Jan 1985 88.50 89.0 Australia 15 april 1981 83.00 85.00 International Bank 514 15 March 1990 75.00 77.00 5% 15 March 1991 81.00 83.00 provincial and prov guaranteed ont 5.1 dec 1968 98.75 ont 6 15 nov 77-79 91.50 92.50 ont Soj 1 May 83-87 86.00 87.00 ont by 15 july 70 95.50 96.50 ont by 5 1 apr 74-77 85.00 86.00 ont by 15 feb 79-81 85.75 86.25 ont by 20 sept 92.00 94.00 no 15 oct 68-71 88.75 90.75 no 6% 15 aug 1992 87.75 is 1 dec 75-77 80.00 82.00 is 6v2 2 Jan 89-92 87.00 89.00 que 4% 15 Jan 74-77 78.75 que 5v2 1 apr 87-90 74.00 76.00 que 6 15 oct 1988 80.00 81.00 sub Laug 1991 86.75 88.75 que by a vials june 86-88 74.50 76.50 que by 7 1 oct 90-94 88.50 90.50 Alt get Tel 6 15 aus 91 84.75 85.85 Manit 1 june 76-79 85.50 86.50 Man by 7 15 nov 85-87 95.25 96.25 Sakatch 6 1 mar 85-87 86.00 87.00 fld 7v 1 nov 87 90.25 92.25 Biel 6v2 1 apr 1990 89.00 91.00 Pac East 6 15 apr 87-92 88.00 Ier Oman a barristers and attorneys at Law Are pleased to announce that Edward d. Brown b.a., ll.b., Walter , llb., Are now. Associated with the firm j whose Mern Bers Are i. H. Asper m. H. Freedman .Schwartz r. C. Shead m. J. Nozick w. S. Saranchuk e. D. Brown office. 909 Paris building Winnipeg 2, Manitoba John Meyer says limiting the resort to protective measures the million fall in Britain s reserves has been followed by reports of the possible imposition of direct controls on imports. These have not been reduced As was expected. The Treasury is now said to be looking at a requirement on importers to Deposit Advance payments for goods on order. The thinking seems to be that by timing up a goodly proportion of working capital in this manner importers will be discouraged from ordering All but essentials. This would be a More Politi Cally acceptable measure than putting the squeeze on con Sumer demand. This is where imports originate of course and consumer demand has been rising not f ailing. What the hard pressed labor government will ultimately do is still a. Matter for conjecture. What is apparent now is that Britany payments weaknesses Are directing the g o verment increasingly to trading practices at the risk of retaliation from Britain s partners. A similar situation is develop ing in Europe where France without initial recourse to its partners in the common Market has imposed quotas on some 10 per cent of its imports. The quotas Are intended to prevent specific imports from rising higher than 15 per cent Over last year s Levels. In some applications where imports have already risen it s your business above that level the quotas amount to an embargo. France s common Market part ners which accounted for 43.4 per cent of France s imports last year will be the most severely affected. At the same time exporters will be Given easier Access to government credit. They will also be indemnified for the increases in wages negotiated following the general strike. The United states is not immediately concerned with the import quotas it does object strongly to the Export subsidies agrees with ont. View build smelter at source Toronto up mines minister Allan Lawrence told the Ontario legislature that Tex As Gulf Sulphur co. Has indicated agreement with his viewpoint hat smelters for Copper and Zinc produced by the firm in the Timmins area should be built in Ontario. Or Lawrence appointed mines minister feb. 12, Dis closed that seven Days after his appointment he called officials of the giant mining firm into his office and has been in communication with daily since then. The heat has been very pro he told the House in an off the cuff speech. The minister said the govern ment is giving very serious consideration to require that All minerals mined in the prov Ince be refined in1 Canada and possibly in the or. Lawrence said the resent system of financial incentives to encourage firms to establish smelters in the prov Ince has worked Well in the Iron and Nickel industries. At one Point or. Lawrence put to rest a Rumor relayed to the House by Elmer Sopha Sudbury that Texas Gulf plans to build its smelters in the nor Anda que., area where Copper from the firm s Timmins mines now is smelted. The minister said that when he heard the Rumor he immediately phoned officials of the company who had Only one comment to he said the company had not have not and will not con template building either smelter in or. Lawrence said the government has urged Texas Gulf to build the Copper smelter in the Timmins area but has asked Only that the Zinc smelter be located somewhere in the prov Ince. The Zinc Ore now is shipped to the United states for process ing. And could retaliate against them by imposition of countervailing duties. These Are already being applied with increasing fre Quency on . It ought to be evident in by now that the worldwide move ment towards Freer Trade which reached a Climax of sorts with the completion of the Kennedy round imposes a tougher Dom Estic discipline than governments May. Want to or Are Able to impose. The same is True of the development of the worldwide arrangements for fixed relation ships Between currencies established through the International monetary fund. There is. A tendency to question the value of both in this context. Yet it ought to be asked what the alternatives might i have been. The requirement on importers to Deposit Advance payments will inhibit imports into Britain but it won t Stop them nor will it discriminate among them. How much More effective surcharges quotas Dollar Lic Ensing or even Tariff increases would be for British purposes if they could be readily employed within the context of Gatt and if. And How much More damaging to Britain s trading partners. General adherence to Gatt and Impf rules if not introducing the millennium has at least reduced the extremes to which governments might otherwise go with extremes in retaliation to protect their Domestic positions. At that the extremes still permissible Are enough to provoke a Chain reaction of limited retaliation consider the Strong american support for Border taxes follow ing common Market resort to value added taxation. Canada has not so far been seriously affected by the adjust ments actual and potential in terms of Trade which have followed from the efforts to protect payments positions. The one notable exception was the Exchange crisis provoked by the american restrictions on foreign investment. It does t follow that this relative immunity will hold indefinitely. In the meantime its Best Protection will continue to be to work vigorously towards Price stability an enhanced ability to compete and efficient use of its total resources. Or. Meyer la financial editor of the Montreal Gazette. His column appears regularly in the free press. Toronto Market Toronto up Indus trials closed with fractional gains on the Toronto Stock Exchange Friday after touching an 11-month High earlier in the Day. Western oils and base met als were off. Advances outran declines 261 to 235 in Active trading. Brokers said the brisk demand for stocks continued to exceed sup in super test gained 1% to Leigh instruments 1% to 49v4, Revenue properties to consolidated textile 1 to inter provincial pipe line to 21 and Salada foods to great West life jumped 7% to 66v4 on shares. Dalex diversified was up Zzz to 34. Wilfred Posluns s e c r e t a r y treasurer said he could make no comment on the sudden spurt. Among the heaviest traders capital building and Triec corp. Gained 10 cents each to and Western Cana Dian seed lost 45 cents Imperial Oil fell to 70% after touching a record at Bow Valley leapt 2ysto 16% on shares. Shell Canada gained 1 to 29vz and a Oil Viz to 42 Hudson s Bay Oil fell 1% to Canadian Superior .1 to 43% and husky to in golds dome Rose Ivi to 61v2 and Campbell red Lake 1 to 31. The group has picked up after the announcement thurs Day that South Africa plans to sell no More Gold for some considerable time. New York Market cattle a total of 250 cattle 200 hogs were offered for Sale at the Union stockyards St. Boniface Friday morning. The cattle Market closed for the week with Only fair action j arid generally steady prices for the Plain Quality offering. There was no calf or Lamb Market established. Grade a hogs sold 80 cents lower. Good steers sold from 27 to 27.50, medium 24 to 27, common 15 to 23.50. Good heifers 24.50 to 25, medium 22 to 24, common 15 to 21.50. Good cows 18.50 to 19, medium 18 to 18.50, canners and cutters 15 to 18. Good s t o c k e r and feeder steers sold from 26 to 29, medium 23.50 to 25.50, common 15 to 23. The bulk of Grade a hogs sold from 30.75 to 31.05. Thursday s average 31.50. New York a com Puter and other Glamor growth issues were hit hard As the Stock Market took another Tum ble Friday. Trading moderated from the pent up demand shown in the thursday session. Volume dropped to shares frown thursday. The Dow Jones Industrial average dropped 4.03 to 913.92, a moderate loss. The High multiple Glamor stocks told another Story. Ism dropped 13 Points to 345, Pola roid 3, Burroughs Honey Well National Cash Register and control data 6. The computer stocks seemed especially upset by word that a forthcoming article in Fortune Magazine would say that Many computer companies May have to struggle to reap profits from expanding the associated press average of 60 stocks fell 1.6 to 343.2. Of issues traded 939 fell and 407 Rose. Further sighs that the econ omy might be Cooling off came in news that new factory orders for durable goods dropped in june and that the Rise in person Al income for june was some what slower than it was in May. Standard Oil new third most Active Rose 2ve to 79vi As it continued to reflect the news that its producing and marketing subsidiary Humble Oil was linked with Atlantic refining in the discovery of an alaskan Oil Reserve said to be one of the world s largest. Among Canadian stocks Ca Nadian Pacific was up dome mines dropped a Hud son Bay mining Viz Mclntyre Porcupine Alcan and International Nickel i prices declined on the Ameri can Stock Exchange on a vol ume of shares. Among canadians brazilian i. And p. Was up v4 and Jupiter corp. And Canadian javelin vib. Scurry Rainbow Oil was Down pres ton Viz and. Canadian Marconi a. Appointment James Cumming . Or. Harris a. Skinner president of Allan Killam Mckay 1964 Ltd., has pleas ure in announcing the appoint ment of or. James Cumming ., As account executive in the firm s insurance department. Or. Cumming has been associated with the insurance Industry for the past 16 years and brings to his new position a wealth of knowledge of the insurance business. This is just a further step in the firm s continuous pro Gram of providing Wise and experienced counsel to our clientele. Estate Sale 36 Gidley Cabin Cruiser lady from Marrs situated on Lake of the Woods. Boat is completely equipped. Sleeps 6-8. Or Best offer. Contact w. A. Marr Winnipeg or Ron Savill 468-9821 Kenora ;