Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 30, 1968, Winnipeg, Manitoba Winnipeg free november 1968 13 new Texaco president Montreal up Andrew Farquharson will become president of Texaco Canada effective the company announced a native of succeeds Frank president since who retires 31 after 40 years service with Farquharson has been for Texaco since and a director of the company since silk it common 15 cents 50 cents both rec Ord Glen Lake Silver mines year ended july 31 917 closing Dollar j new York up Cana Dian Dollar unchanged at 93 13 64 in terms of week ago 93 Pound Sterling Down 1764 at strains optical announcement Linney strains optical Are pleased to announce the appointment of John Linney As Man Linneus extensive and lengthy experience in the optical assures All those he May be privileged to the utmost in prompt and efficient in spectacle Wear and Contact an invitation to All is extended to visit strains opt Polo where the latest styling in optical Eye Wear can be Montreal up Dollar in terms of Canadian funds Down 132 at Pound Sterling Down 115 at Consumers Gas year ended 30 95 cents a share 86 Molson breweries class a 18 cents class b 18 cents both record Commodore business machines Canada year ended june 30 the Standard life Assur Ance company is pleased to announce that James a Hon has attained the design chartered life under writer this designation is awarded by the Institute of chartered life under writers of Canada on Success Ful completion of final examinations in the three year course of Mahon is District super visor and senior representative in the company Winni Peg Agency located in the Imperial House at 379 Broad Way Stern truck leasing rent truck Day month at Low rates 7865751 24 1035 King Edward Opportunity a manufacturer of High Quality custom Home pack Ages wishes to expand sales through interested parties please write Frontier Homes 35 5th Street Saskatchewan for Sale in Northern Manitoba thriving grocery store business Over turnover Price to handle Jack Johnson agencies broker Box the phone 6233447 apartment Block owners is your laundry equipment obsolete Are repair and maintenance Bills cutting Down your Revenue phone i today and have new and up Odate Speed Queen Coin operated washers and dryer if your facilities arc suitable we will Supply your Block with Speed Queen Auto Matic we Sheri and dryers and pay you a percentage of in come from these i install and service these machines at no Cost to phone us today Wash dry machine 110 Sherbrook phone 7725247 eager to please the want and that works for you is an eager result Ful Salesman doing a Bic Job at a very Small read and use free press want ads to place an and phone the weekly Bond letter by James Claydon Money Market Royal securities corporation Federal government Cash balances declined million this week to but Are still million higher than this time last million were redeemed Friday lowering Cash balances to a million 4 per cent Bond Issue matures december 15th and at the time of this writing it is not known whether the Issue will be refunded by the govern three options Are open to debt managers rollover the million increase the amount to or simply redeem the Issue for a million Issue would hardly seem worthwhile attempting with All the costs of distribution this a larger tailored to the under five year would find ready acceptance from near Banks and those investors unwilling to commit funds to the Lon term Market but who still require optimum current in As the provinces and municipalities still have unfilled commitments to be financed in the Market this the Federal government May not wish to buildup excess Cash balances before they Actu ally know what attrition cab will Likely take on Cash balances this fiscal it May be that the Federal j government will abstain from the Market until next assess the Cash situation at that Point and then offer a new Issue tailored More closely to its actual the next major refinancing is million 5v4 april 1 1969 which is outside this current fiscal year j ending March 31 Federal Cash budgetary and exclusive of foreign Exchange needs for the current fiscal Are estimated to be to net Domestic borrowings this fiscal exclusive of foreign pay issues earmarked for the Exchange fund can be broken Down As Treasury Bills 380 million cab million marketable Bond issues million no marketable Bonds for a total govern ment Cash abnormally High april 1st at s997 dropped million by the end of september As a result of Exchange there Are continuing indications operations of the Exchange fund account have drained Canadian Dollar balances above the s490 million the projected budgetary and extra budgetary expenses of the october budget have been and it now remains to be seen what effects the unknown variables of cab unforeseen expenditures and foreign Exchange have on Cash a trend will not Likely be discernible until Well into next As pointed out in the septem Ber 20th Bond the Bank ing system would in All likelihood be required to raise primary reserves once the cab Issue was delivered in novem while the loss of some million four per cent Reserve notice deposits on average Dur ing november lowered Decem Ber requirements million the gain of million 12 per cent Reserve demand de posits through november required a 52 million increase in primary reserves for the net million require ment explains in part Why the Banks ran off million Bills this week and Why the Bills in effect ended up in the Central Bank who accordingly credited chartered Banks deposits with the system will Start off december with excess reserves of per other facts will be at play for the next week or two that will alleviate this a million reduction in Bills outstanding plus judicious Transfer of part of the million Federal Cash balances from Central Bank into the system can be used to keep the system in a Normal while general Loans Rose million last week the Banks still feel there is no inordinate ground swell of demand for business Loans that might Force them into liquidating some of their Bond they feel they will be Able to handle foreseeable loan demand without resorting to a rundown in More liquid Market assets As Long As Central Bank continues on the present policy of Moder ate the november Bank of can Ada statistical summary Indi Cates the system has prepared for business loan demand that so far has not materialized for the year ended september Bank loan limits million plus million under limit increase s883 actual limit increase 4 57 unused credit limits cattle a total of 275 330 hogs and 25 shop and lambs were offered for Sale at the Union the cattle Market closed for the week with fair action and generally steady prices on a Plain Quality there was no veal Cale Market Grade a hogs sold 25 cents a few lambs sold trading was inactive on the Winnipeg beef futures Market no trades were re corded but some buying interest was evident at prices eight to 10 Points below wednesdays Good steers sold from to medium 25 to common 15 to medium to Good heifers 22 to common 15 to Good cows 17 to medium to canners and cutters 12 to Good bulls to common and fat bulls 15 to Good Stocker and feeder steers sold from 25 to medium 23 to common 15 to Good Stock heifers 20 to Good Stock steer calves 30 to common and medium 20 to Good Heifer calves to com Mon and medium 20 to the bulk of Grade a hogs sold from to currently dressed sows thursdays average Good lambs sold at a top of Canadian properties 37v2 record 6percent series a trans Mountain Oil pipeline common 25 plus 10 cents record Union Gas of Canada 69 cents 6 both record Grain in review by James Richardson sons the chief commissioner of the Canadian wheat Board Mcnamara speaking As chairman of the Grain transportation which is composed of representatives of the Canadian wheat the Board of Grain Grain companies and the rail recently outlined the problems facing Western producers because of Tough and Damp grains and what the committee for their part Are doing about the main feature of the plan will be to level out the shipments of Grain from country elevators to Lakehead terminals in order to take full advantage of the drying because of heavy Export commitments sex ship ments of dry and High moisture Grain to terminals there will have to be carefully balanced Damp Grain takes about twice As much time to condition As toughs and the chairman pointed out that terminal including those in the working at full capacity for the balance of the crop year would Only be Able to condition about 100 to 150 million bushels of the estimated 350 million bushels of Tough and Damp grains now stored on there Are numerous farm dryers throughout the Prairies and he urged producers to make maximum use of at the same time cautioning them to seek the right information on How to dry Grain wheat is graded Tough if it has a moisture Content of per cent to 17 per cent and anything above that grades the final crop report of the i Saskatchewan department of i agriculture says after a i prolonged period of three 1 do per cent of the principal Grain crops have been iia vested in that province and the rest probably will be left till about 97 per cent of the feed grains have been harvested i while acres of flax and Mustard Send remain to be a private company reports that 17 million bushels of million bushels of million bushels of bushels of flax and bushels of Rye Are piled on the ground around the but they Point out that Many Farmers piled Tough and Damp Grain outside where it would be less Likely to heat and More readily some of this will be dried and some stored when the weather turns colder and some sold As soon As quotas and elevator space per new Export sales of wheat during the week under review were Japan rejected offers of Manitoba on their weekly tender the Only item of interest was the gift of tons of 4 Northern to niger and the Ivory coast by the Canadian govern sales of Oil seeds were Light in volume with Japan taking 800 tons of flax and tons of rapeseed tons of flax was sold to the continent and a parcel of rapeseed to Export shipments of wheat and flour at million bushels so far Are ahead of last years figures by million bushels while exports Are about 97 million bushels Barley shipments Are million bushels less than last year and flax less mainly because of the strikes this rapeseed shipments Are million bushels More and Rye shipments Are slightly bet i consolidated i net earnings i Montreal up Consoli dated net earnings of Sog Emines were for the nine months ended 30 com pared with the pre Vious the company per share for the 1968 period were 58 cents com parcel with 47 cents in i earnings include those of Mcallister towing from and those of Baum 1 industries from july sales and investment in come amounted to compared with Over the corresponding period senior craftsman expanding architectural firm requires an experienced senior hold and Malkin architects 402203 Portage 9421101 meet the master Sten Cord a Complete Range of network and Pax High Fidelity electronic dictation worldwide sales and for a free trial Call Sten Cord dictation systems 902 King Edward Street phone 7835601 Swystun associates barristers solicitors Are pleased to announce that As of november 1968 Donald is an associate of the firm Somerset building 294 Portage Winnipeg 1 9471331 warehouse and offices Low rental 25c rental for this Square foot 6 Storey and fully sprinkler cd z freight modern and exceptionally attractive office and show room adjoining just East of main Call Simonite we 28261 rent to motor lift trucks Low rates fast delivery Powell Fec wilment Short term Long term phone 4534343 4527534 after 5 ways Dale Carnegie training helps men and women develop greater poise and self communicate More be at ease in any discover and develop your potential be a better remember Dale Carnegie control tension and founder acquire a better understanding of human be at your Best with any win that better More join now the Dale Carnecie course be at the Sheraton Carlton motor hotel Carlton at Mary i 3 presented by leadership training Institute Norman associate sponsor 402 283 Portage Winnipeg 2 business 9422s34 evenings and weekends 8378737 for rent excellent office or warehouse space located on Corydon Avenue near Pem Bina for immediate occupancy Brand new Interior finished to your requirements reasonable rent free parking phone 4741357 North guard credit Sheet Metal freed Murray general manager of the guardian Fin Ance group announces the appointment of Marshall freed As manager of the new Branch at 294 Carlton freed is an honours graduate in business administration from Waterloo lutheran and has several years experience in company branches in Winnipeg and Tor the head office and main Branch of North guard credit is located at 298 Garry Are pleased to announce the opening of their new hat department successors to Longs hats you Are invited to in and see the latest style Ings in Knox and but More we carry a Complete size Range in Long round ovals and regular 381 Portage at Edmonton Street 9425055 for rent warehouse space Erin and Wellington with 3800 Grade and truck level Low immediate posses 551 ferry Road heated includes 12 to 20 ceiling Early rate per Stevenson 9420931 Mcferran 8376847 for rent prestige office space 2 private Board room staff Supply Large general the Standard life Assurance company Imperial House 379 Broadway Winnipeg phone 9420621 w Nucion formerly operated by Pacific growers feed Grain Mill 3fl tractor 8 Fol Ailts Sale stating at on premises 323 Washington Kiil Molcil 30 truck tractors trailers 5 refrigerated delivery Ford 3 International Gas tractors 5 White freight liner diesel tractors bulk feed trucks 6 bulk tank trailers semis converter dollies 14 Pellet roller Mills 4 Richardson Universal Hammer Mills motors 2 Williams Mills 2 Robinson 25hp 2 memo Barley Rollings 30hp 2 a double Rolls 8 x 30 sprout Waldron Ace 501 Pellet 75hp each 8 mixers sprout Waldron Mir 2ton Batch mixer continuous horizontal twin 20hp coolers 3 5 5 cleaners Howes Corn Pellet Mill 2a2 cooler Waldron Type 500 Pellet cooler 70 feeders shakers 6o Draver with 1 to 10hp gear motors shall is automatic bagging equipment 6 Richardson automatic baggers with Union special sew inc scale Toledo to 75 vacuum bucket conveyors 5 pneumatic vacuum with 20hp blowers 29 bucket 18 to with a motor drives 14 Belt 12 to to with motor drivel 4 Chain brag 18 to 56 21 screw to 70 steel bins tanks of open for inspection Cal write for brochure 1 David Weisz auctioneers 90033 213 6554300 ;