Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 28, 1970, Winnipeg, Manitoba Tuesday april 28, 1970 finance jottings from the business world by Philip Anwyl the Winnipeg Blue bombers Are set to launch a drive on the Winnipeg business Community. But before corporate directors Start ducking for cover beneath the boardroom table let me hasten to add that no Bones will be crunched in this play it s your Money they re after. Under new head coach Jim Spavital the club believes it has a product that should Appeal to the Community minded in an Effort to boost season ticket sales the bombers have devised a Selling Campaign specially aimed at the world of com Merce. The bombers Are seeking the same kind of support that the arts such As the Royal Winnipeg Ballet and the Winnipeg symphony orchestra receives from the City s business fraternity. Paul Quinton president of the club says the bombers Are looking for financial stability from businessmen in the City. We think we have a Good product to pointing out that the club has acquired a new coaching staff or. Martin said Steps had been taken to improve the product. To spearhead the Campaign the club is. Distributing a brochure urging businessmen to Back its winning proposal by purchasing a package of season tickets. Maintaining that a prosperous football club Fosters Community Pride and helps put Manitoba on the map the club says in its brochure just like our Ballet symphony and live theatre football is a significant contributor to our Community s thread of the club suggests that employers could use season tickets As incentives to attract and keep key employees and satisfied clients. The club believes a successful bombers is Good for business in Winnipeg generally. If we lose an important game there is a slowing up of business the follow ing Paul Morton of Odeon Morton theatres. Healthy season ticket sales play a vital role in the finances of any club involved in big time professional sport. In the Case of the bombers season tickets account for Over 50 per cent of the club in reve nue. The club was on a Crest of a wave 10 years ago when season ticket sales were in the Region of since then a change of fortunes saw sales slump by nearly half but according to the club business is pick ing up again. During the last two years sales have jumped 20 per cent to with the aim of bumping sales to this year the club Hopes to expand on the momentum of rising support by blitzing approximately 900 companies. Season tickets have a two fold advantage. They enable the fan to watch a game at discount prices in the Case of the bombers it s a 20 per cent discount on season seats ranging from ?28.50 to at the same time the club reaps the immediate Benefit of having Large sums of Cash that can be spent on bolstering the team. And it s mighty difficult running an outfit on the cheap in top class football. The bombers like other teams in the unique in the fact that they Are not run or owned by one Man As is the Case in Many major football clubs in North America. Under the com Pany act it qualifies As a corporation without share capital. It has t got a sugar daddy who can Fork out from his own pocket when Bill paying time comes. It s just run by enthusiasts who believe and breathe the game of football and Are convinced the bombers Are of value to the Community. The club is continually operating under financial Strain trying to operate an business without sufficient working capital. At the moment the club is in the red to the tune of approximately to operate successfully it s estimated the bombers need a surplus of grains Council body favors plan Western wheat Check off closer by Paul Pizii Cizyn a Check off on Western Canadian wheat moved a step closer to reality Mon d a y when the Canada grains Council s standing committee on marketing functions gave approval in principal to the Council s proposed Market intelligence and development service. The opening session of the Council s first annual meet ing being held at the hotel fort Garry was told by Vernon Lester chairman of the Market function com Mittee and president of Powell Lester Grain shipping Ltd., of Vancouver that approval had been Given to proposal by the Council s Secretary general or. Donald Devers in february. Under or. Devers plan the marketing and intelligence service would be set up to expand and Deve lop markets for Canadian wheat utilizing the Best expertise available in the country. It would be financed by a Check off of two cents a Bushel on All wheat sold to the Canadian wheat Board by Farmers. In other words the Farmers would be Bear ing the Cost of the service. Or. Lester said his com Mittee had discussed the Market development scheme and found it sound and warranting approval in principle. The plan must still receive the approval of the Council during the annual meeting and then go to the Federal government for final consideration. Roy Atkinson of Saska Toon president of the National Farmers Union has in the past rejected any form of Check off on wheat. Sources Here said or. At Kinson a member of the Council is expected to make a firm statement rejecting the plan tuesday. The opening session was also highlighted by the exclusion of the news Media from the actual working part of the meeting. Four working papers on Canada s Grain future Cov ering and assessment of the feed grains Market development projects current status of established markets and a review of the feed grains bulletin were presented to the Council but reporters were asked to leave before this took place a. M Runciman Council chairman and president of United Grain growers of Winnipeg said that the decision to withhold the work ing papers from the Public was taken because they were Only draft copies and subject to ratification by the he gave assurances that the full context of All papers in their finalized form would be made available to Detroit profits and sales Down Detroit a general motors and Ford motor co. Both reported monday that first Quarter sales and profits were off this year. They finished the three months in the Black in contrast to Chrysler corp which lost in the period. General motors giant of the Auto Industry said the de creases in its sales and profit picture reflected the general slowing Down of the . Econ omy which began late in 1969 and continued through the first Quarter of 1970." pm s world wide sales of cars and trucks totalled units off almost 20 per cent from the sold in the same three months of 1969. Its Dollar sales were this time around off 14 per cent from the posted in the open ing three months of 1969. Profits were in the first Quarter of 1970, off 34 per cent from the profit in Jie opening Quarter of 1969. Ford said its consolidated first Quarter sales were compared with he it registered in the same Quarter a year ago. Net profit came to or a share compared with the or a share posted in the opening three months a year ago. Ford As Chrysler did last week said its drop in sales vol ume reflected a decline in cat end truck sales in the North american Market. Ford said its world wide sales of cars trucks and tractors for the Quarter came to units almost equal to the sold in the correspond ing Quarter a year ago. Factory sales of cars and trucks by Ford . And Ford of Canada i Royal Trust a Jap managed funds Mirch 31, 1970 unit valid a fund c fund ?14.5035 m fund 9.4471 943-0431 in the North american Market were vehicles Down 12 per cent from the Pace of a year ago. Ford said profits also continued to be adversely affected by increasing costs of labor and Chrysler first of the Auto firms to report its first Quarter operations said last week its North american sales of cars and trucks exclusive of imports from abroad were Down 13 per cent in the january March Quarter this year compared with 1969 figures. Ford pointed out that the dip in its North american sales barely offset by increased sales of Ford cars and trucks dividends great Northern Gas utilities Ltd., g per cent series a 37vi cents june 30. Record june 16. Hudson Bay mining and smelting co. Ltd., 30 cents june 19, record june 5. Dome mines Ltd., 20 cents aug. 14, record june 30. Campbell red Lake mines Ltd., 11 cents july 29, record june 26. Canada steamship lines Ltd., pad. July 2, record june 5. Tax change cuts profit says firm Hamilton up sales and ingot production were up in the first Quarter of 1970 but a changed tax status produced a decline in profit Dominion foundries and steel Ltd. Announced Here. Profit was or g3 cents a share compared with or 75 cents a share for the corresponding period last fear. Sales hit a record up from and ingot production Rose from net tons last year to 586.921. Liquidation Sale All Auriti of a Zoltan mfg. Ltd., must be sold including manufacturing process Box 1909, free press Tolje 71 Ellio an. German Buffet luncheons served Mon. Thru Fri. Noon to z . For phone 783-6837 for rent 1900 Square feet free press building prime office space air conditioned Sprink cred newly modernized parking available immediate Possession enquire c. H. Enderton co. Ltd. 290 carry St. 942-7281 tile news Media at the con delusion of the meeting tues Day. Or. Runciman added that reporters would also be excluded from the tuesday morning session which will include an address by Otto Lang Federal minister with out portfolio responsible for the Canadian wheat Board. During the open portion of monday s session g. L. Harrold president of the Al Berta wheat Pool and chairman of the Council s committee on feed grains said that Eastern feeders were fearful of Western Ca Nadian expansion in the livestock Trade in response to lower feed Grain prices now being enjoyed in the West. They Are fearful that the problems that we Are facing in moving Prairie feed grains to a Market at a satisfactory Price will in the end be transferred to the livestock Market. Included in the program for tuesday the open por Tion is a breakfast address by or. Lang and discussion of Market development through feed grains by Allan Goldberg director of the agriculture depart ment of the North Dakota chamber of Commerce. But observers consider the most significant event will be discussion of the used Canada Grain act Bill c-196 currently before parliament. James de Hod chairman of the Council s grata act committee will speak on the new act and its implications for Canadian wheat marketing. The new act among other things in troupes protein As a Factor in the grading of Canadian wheat. Appraisers real estate representatives required for lifetime positions. Reply in Confidence for interview. Box 1910 free press the kind of girl you could carry a Torch for. That s trans air s kind of girl. Golden girls. To match trans air s new Gold Boeing 737 jets. To match trans air s new Gold Standard of service match trans air s new Golden hours scheduling. 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He buys hand crafted furniture because it is Well built Beautiful and will last for years. Daimler Benz a sold by men like this can improve the future of the crafts Man. For Only when Consumers Are prepared to pay for his work will manufacturers include him on their production lines. Without scores of individual craftsmen the Mer cedes Benz would not be possible. For engineering skill alone is not responsible for one of the most precisely built cars in the world. The actual building is up to craftsmen in the fac tory. Cabinetmakers carve and fit the Wood trim. Former dressmakers sew the upholstery. And inspectors Are willing to lower a Day s output by rejecting a car that is less than perfect. This comes As no Surprise to the Mercedes Benz owner. He gains satisfaction from knowing there Are thousands of individual body welds. That engine Bear Ings Are machined to of an Inch. The same kind of satisfaction that he gains from his own Busi Ness. 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