Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 28, 1969, Winnipeg, Manitoba 16 Winnipeg free press monday july 28, 1969 business finance tourist Industry out to hit billion by Dan Turner Canadian press staff writer the Canadian tourist Indus try is preparing to Bounce Back into the billion Dollar Market in 1969 after suffering surprisingly minor withdrawal pains from the absence of expo 67 last year. Canada s travel deficit in j968 was an estimated difference be tween the canadians spent abroad and the visitors spent Here. Although the figure is sever Al shouts of glee away from the dizzying surplus of s427. Picked up during 1967, it is considered remarkably healthy for what was to be a year of major recuperation following the salad Days of Centennial year and the Montreal world s fair. During 1966, the last really comparable year Canada s travel balance showed a Defi fit of and Only once before in the last 15 years has there been a deficit of less than that was in 1963, when Canada enjoyed a Small surplus follow ing devaluation of the Cana Dian Dollar. Dan Wallace director of the Canadian government travel Bureau expects Canada s in come from visiting tourists to jump to this year. That would be an in crease of More than 10 per cent and probably put the balance of travel figure in the Black again. A Cross Canada Survey by the Canadian press encountered similar optimism nearly everywhere. The Industry is expecting to reap the benefits of increased promotion in the United states far Canada s most Lucra Tive source of tourist dollars is beginning to consider How to offer a More tempting lure to overseas visitors. Last year americans crossed into Canada times spending an estimated s198.000.000 More Here than canadians spent in the . In comparison Canada attracted fewer than 400.000 visitors from overseas who spent s206.000.000 Iris than canadians spent abroad. But the Industry wants Rorn More of that fat american Market and is hustling to get it. A report of the Canadian tourist association shows that trips to Canada accounted for Only 2.1 per cent of All american trips in 1966. It Esti mates that More than 000.000 of these trips were taken to states bordering on Canada concluding that Canada could double its vol ume of american travellers if it could lure 10 per cent of those people across the Bor Der. The Canadian government travel Bureau is attempting to tap this Market by hitting major Northern american Cit ies such As Boston Detroit and Minneapolis with concen t rated 10-Day promotional campaigns centred around shopping Plaza extravaganzas. These events have proved extremely popular and both Federal and provincial travel bureaus report a significant increase in travel inquiries from the . As far As overseas visitors Are concerned the Federal Bureau admits the Canadian Industry has some improving to do and is in the preliminary stages of setting up the first annual trav a Trade Congress to look into the situation. Or. Wallace pinpoints the Lack of package Tours and adequate translation facilities As two weak Points. The Federal government now has 26 tourist offices in nine foreign countries including six in Europe one in mexi up and one in Japan. The first foreign bureaus merc set up in 1962, with three in the . And one in Britain. Of course canadians them selves Are a Large source of Canada s tourist Revenue. An other report of the Canadian tourist association estimates that Only 44 per cent of canadians took travel vacations in. 19r6. And Only 27 per cent of All canadians took vacation trips inside Canada. Although the . Is can Ada s greatest source of tour isl Revenue it is also a Strong competitor for the Canadian tourist Dollar. The report Esti mates 3.200.000 canadians took travel vacations inside Canada in 1966, while of them went o u t s i d to the . Camping and other outdoor activities continued to be the biggest drawing cards for Canada s tourist Industry. Camping is drawing a bigger Public every year much to the dismay of hotel and Motel owners. The camping and Trail ring Boom is expanding so fast that in provinces such As Newfoundland facilities Haven t been Able to keep Pace and trailers parked along the Roadside Are a common sight. While the country As a whole keeps fishing for for eign dollars each province is making its own push for its share of the Market some times in co operation with its neighbors. Joint promotional ventures unite to some degree the Western provinces Quebec and Ontario and the Atlantic provinces. Figures of the Canadian tourist association show the following percentages for each area s share of Canada s Ravel Market Ontario 41, Quebec 19, British Columbia and the Northern territories 14, Alberta 9. Atlantic prov inces 7. Saskatchewan 5. And Manitoba 5. Here is the province by province tourism picture Newfoundland the province s coastal traction and 36 provincial Parks Drew last in tease of 3.5 per cent from 1967. Another mag net to visitors relatives. Thirty nine per cent said they had come to the Island to visit their kith and Kin. The demand continues for More trailer Sites which the private sector has been slow in providing. The average visitor stayed 13 Days last year. Nova Scotia the 1968 season was an unqualified Success with visitors Between june 1 and oct. First year the figure has topped 1. 000.000. The Nova Scotia travel Bureau has offices in new York Boston Toronto and Montreal and the Central office reports a very heavy volume of in quiries from potential visitors. Salt water fishing swim Ming and recreational and camping facilities Are the major tourist assets. Prince Edward Island campers and trailer Travell ers constituted of the visitors to the province during the May october tourist season. Tourism brought approximately to . S Economy and 1969 prospects Are considered extremely Miles of beaches fishing harness racing and the Tran quil Way of life Are promoted As the Island s incentives to outsiders. Inquiries for january and Issue of non callable government of Canada Bonds dated August 15, 1969 Bank of Canada is authorized by the minister of finance to receive subscriptions for a loan to be issued As follows year i month 73% Bonds due october 1, 1970 Issue Price 99.85% yielding about 7.88% to maturity interest payable october 1 and april 1 one and one half months interest payable october 1, 1969 denominations j35.000, and and year 51 month 89o Bonds due february 1, 1973 Issue Price 100.00% yielding 8.00% to maturity interest payable february 1 and August 1 Tive and one half months interest payable Nehru sir 1, 1970 denominations and Bank of Canada a Creed to acquire a minimum of of the new Bonds open As to maturity. Of this minimum total. ?50.000.000 will be acquired in Exchange for a total of s75.000.000 of the new Bondi will be available to investors for Cash in Exchange Lor Canadian hallway company Bonds due september 15, 1969 which will be valued at 01.00rc inclusive of adjustment for accrued interest us at August 15, 1969. Bondi in Coupon form submitted in Exchange must have the final Coupon attached. Cash proceeds of the offering will be. Used for general purposes of the government of Canada including advances to the. Canadian National railway company in connection the retirement on september 1.5. 1969 of the company s 21% Bonds due september 15. The new . Will be dated tip Isi and will Bear interest from that Riate. Prin Cipal arc payable lawful Money of Canada. Principal is payable at any Apt nay in Jas ii of Canada. is payable at any Branch in Canada of any Chart ered Bank definitive Bonds will by available on a rust 15. 1969 and there Aiter in urn finns bearer fungi wry coupons Asunci icel and fully registered form with inter est payable by Chi Una. Bonds of both funds will to in the same denominations and fully interchangeable a to Denoi Inai Iori and. Or form without charge subject to government where applicable. The Bonds due october 1. 1969 acquired by the government securities investment account on april have been cancelled reducing the outstanding amount 01 Bonds due october 1, 1969 to ?400.000.000. The of. October 1, 1969 maturities acquired by securities investment account from Bank to t pm her investment account the new Bonds Are authorized pursuant to an of the parliament of Canada and both principal and interest Are a charge on the consolidated Revenue fund of Canada. Applications for the new Bonds May he made subject in allotment through in vestment dealer eligible to act As a primary distributor or through any Bank in Canada. February were up 20 per cent and March showed a whop Ping s5 per cent increase. The province s promotion budget is expected to increase greatly with funds from the new Federal provincial Region in development plan for tour ism. New Brunswick figures fur show 844. 100 cars visited new Bruns Wick during the main tourism season with no figures yet available on total number of people. At an average of Only three people por car the pre Vious record of would have been broken easily. About half lie visitors come from the ., and sight seeing along the coast is usually a priority. The province s 69 provincial Parks attracted visitors last year and camping continues to grow in popularity. Quebec camping again is reported As the favorite tourist activity. Provincial tourism officials expect a better year than and Man and his world is hoping for better weather. Montreal has budgeted 000 for advertising centred around the exhibition. Quebec is involved with on Tario in a joint Campaign promoting the Pioneer s route from Windsor to the Gaspe. The Provine Al tourist office is proud to note that although More tourists visit Ontario than Quebec they stay four times longer in Quebec. Detailed figures were unavailable for the province but Montreal officials predict As Many tourists to the City As last year s Ontario there was a decrease of Al most one per cent in cars entering Ontario in 1968, but that was t bad considering the National average decline of 4.9 per cent. Ontario is pushing the Huro Nia historic Parks near mid land and the Pioneer s route called heritage High ways. The tourist office says Urban problems in the . Are sending vacationers North Ward Many of them to Ontario. Detailed figures were unavailable. Manitoba Manitoba tourist officials say they will be satisfied with holding the line on last year s visiting tourists spending the largest percentage of visitors come to see the Sce Nery and do some camping with Hunting and fishing accounting for a surprisingly smal percentage. Manitoba does t participate in the joint Western can Ada tourist promotion Gram. Much of its promotion is concentrated in the Chicago area. Saskatchewan the Saskatchewan tourist development Branch estimates about tourists visited the province in 1968, and expects an increase of seven or eight per cent in 1969. Cana Dian tourists spent of tourist dollars. Hunting and fishing remain big attractions but family camping particularly in the Northland is steadily increasing in popularity. People have finally realized that Saskatchewan in t just Plain a tourist Branch spokesman said. Alberta the Alberta government travel Bureau estimates 700.000 was spent by outside tourists in 1968. With spending by Alberta vacationers in their own province being Dou ble Fiat. The Bureau sees a 50-50 split in the popularity of such Urban attractions As the Calgary Stampede and Edmonton Klondike Days and outdoor pursuits. The new Yellowhead High Way through alternate route to the trans Canada Highway running through expected to bring More visitors. Al Berta is concentrating on a Campaign to get albertan to know their own province bet ter and to spread the Good word to the outside world. British Columbia last year visitors came from tiie . And from other Canadian provinces. They spent mostly in Pursuit of an outdoors vacation. The department of travel in to usury is planning a province wide festival of sports for May 1970, and it is expected to be a major off season motion during the tourist Dol Drums. Provincial Grants to the eight tourist regions this year i for outdoor advertising to tailed and there is a Good possibility they will be increased next year. A tourist increase of about 8.5 per cent is expected in 1969. I business wrap up. Gold company s income up Toronto up Campbell red lakes mines Ltd. Had net income of is ,519.594 or 38 cents a share in the six months ended june 30 compared with s1.44s.921 or cents a share for the similar period a year earlier. Bullion Revenue at i a ton totalled compared with a ton or 83.673 816 in the 1968 period. The company said the increase was due chiefly to higher premiums for Bullion on the free Market. Campbell red Lake is one of the few Canadian Gold mines which does not receive assistance under the emergency Gold mining act. It can therefore sell its output at free world prices. The company milled about ounces of Gold from tons of Ore compared with ounces from tons of Ore in the 1968 period. Steel contracts awarded Calgary up James United industries Ltd., formerly James United steel Ltd. Of Calgary has been awarded four contracts Worth a total of for the manufacture of structural steel plates girder Bridges storage tanks and pressure vessels. The company said in a press release the largest of the orders was a contract from Blaw know. Pittsburg for the Supply and erection of structural steel at the International Nickel co. Of Canada Ltd. New processing Plant at Copper Cliff Orit. Scott paper income jumps Vancouver up Scott paper Ltd. Reports net income for the first six months ended june 30 Rose to or a share from or 93 cents last year. Sales during the period increased 6.1 per cent to president a. F. Armstrong said Scott paper is optimistic about the prospects for a continuing High level of sales. However he said excessive Cost and Price in creases accompanying the current wave of inflation could endanger the company s earnings growth and delay the realization of a satisfactory return on new production introductions and from expanded production capacity. Canada bread co. Ltd. Pad series a cents oct. 1, record sept. 12 common 15 i cents oct. 1, record sept. 12. Weekly metals review until to nor Ina Rev. New York f api Copper and brass product prices Esca j lated upward in the last week in the . Metals Industry As one company after another announced increases. Revere Copper and brass set the Price Ball rolling thursday by announcing for the sixth time this year that the Price on All commercial orders would increase by two cents a Pound of Copper Content effective j monday. Defence rated orders will continue to be based on a Price of 4fi cents a Pound of Copper Content with scrap prices adjusted upward Revere added. Rising costs o f raw materials specifically Copper purchased trom other than Domestic producers and purchased scrap arc the reasons for the boost in fabricated products says the american Metal daily n e w s p a p e r of the Metal Industry. Joining Revere a major Ducer in similar two cents a Pound increases were Reading industries inc., a brass Mill Phelps Dodye tube co. And Anaconda american brass co., a subsidiary of Anaconda co. Reading announced its boost soon after Revere on thursday with the other two firms following suit Krislav. I i clips Dodge Copper i ills corp. Aiso reported a 1.1 Coil a Pound incite be in its Copper Rolls anal Draun upper bars collective any. I. Meanwhile the president of Sci Iii Colt cupper corp. Frank r. Millikan. Reporting a six per cent boost in his company s second Quarter earnings said he looked for continued Strong demand for Copper through the balance of this year. Also marching in the Price increase Parade this past week Alcoa conductor products 1 i division of aluminium company of America. The com Pany says an Eglit per caul increase in its line of under u n d distribution Power cables would become Ofie Clive monday. N o i h f r Metal Industry president Nixon a expected. Signed a Bill a Hor Zinz t h release of 100.000 tons of Lead from the . Stockpile to help ease the current shortage of the Metal. The shortage reached such a state that the . Price has risen five times so far this year to its current level of is i cents a Pound major metals prices cents a Pound delivered foreign 66.34 cents nominal. New York. Lead-15 2 cents a Pound. New York 1.5.30 cents St. Louis. Cents a Pound. East St. Louis 15 cents new York. Aluminum-27 cents a Pound unalloyed ingots delivered. Cents a Pound bulk 99.5 per cent Carlots producer s Plant. Magnesium-351 cents a Pound ingot. Manganese Ore-5s-62 cents a ton unit of 45-50 per cent. Nickel-.si.03 a Pound electrolytic cathodes. Port Colborne out. An ounce. Silver-s1.63 an ounce. New York 165 4 Pence London. Tin-si.g3v2 a Pound. New York. Quicksjlver-s505 a flask 76 pounds. New York. Tungsten Ore-s43 a Short ton unit duty extra. Mana electronics corporation limited common dividend no. 12 notice is hereby Given 1hat the director of the company have declared a quarterly dividend for like period ended August 31. 1969 of per share on the outstand ing common shares without Par value in the capital of the com Pany payable on and after sep tember 1. 1969 to shareholders of record at the closing of business on the 5th Day of August. 1969. By order of the Board dated at Toronto this 2nd Day of 1569. Walter m. Bowel Secretary Texaco preferred Stock dividend no. 93 notice is hereby Given that a dividend of Shore be in at the rate of 4% per Minnum. Has today been declared on the 4% cumulative preferred 5tock of to acc Canada limited for Quarter ending september 30. 1959, payable october 2c, 1969, to share Holder of record at the close of business on september 3c, 1969. By order of the Board. R. C. Boyce. Secre Ary. Montreal. Quebec. July 18. 19s9. Rent a car system Honey wine daily weekly yearly Short Long term leasing a drives Fleet or personal All new current Model cars fully insured and maintained phone for Parkside leasing Ltd. 2ooo Moin St., Winnipeg 339-2001 net income of Granby mining co. I.u1. For the first six months of was or si.52 a share says company president i. T 1 Ostle in a report in shareholders. Earnings Lor Hie Host half of a Erc or si.57 a share. Mana electronics corporation limited common dividend no. 31 Motice hereby Given that the i is dividend for the Pence end Ingr a 3 i St Day of August 969 1 upon the shares of the company been payable on the f of september. 1969 to holders of record on Day of 1969. By order of the7 Board dated a this 2nd of Lulu. Con Force division of Baum limited Saskatoon Branch requires an erection Engineer this position involves coordinating Crews and equip ment in the erection of precast Concrete buildings and Bridges in the Saskatoon area. Please apply to Branch manager . Box 1130, Saskatoon a11 applications will be held in Confidence. Required immediately logging contractors to produce and deliver to truck Road skid ways or Sawmill log Yard up to cords annually from company held cutting areas to our log Yards. For further information Contact. Or. J. R. Turk production manager Churchill Forest industries Manitoba limited . Box 1950, the Pas Manitoba phone 204 623-3427 ;