Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 30, 1971, Winnipeg, Manitoba Winnipeg free press thursday december 30, 1971 Toronto . Stocks distributed by up Toronto Stock 30 quotations in cents unless marked 2-Odd lot cd sex dividend Rex rights net change from previous Board lot closing Sale industrials net Slock sales High Low . Cage a c a Itobi 1507 7 a 7 a it Abib i 40 50 50 Ackland 900 58 7% 7 a a acres Ltd 2070 511% 11acres a or 25 s40 40 40 acres it 120 210 210 210 -20 Agra ind z30 9 a Alta Gas t 135 Alta g d p 31 140 140 Alcan 3213 18% 18% it Alcan or 50 27 27 it Algo cent 355 it 8% it Algoma St 8900 13 a 13% it Almarco do so 485 485 485 Alliance b 100 310 310 310 Almin 2p 110 36 a Anglo in 800 470 470 470 Ang it 50 31 31 Ang it 265 50 36 36 Aqustin 10664 24 24 a it arts 260 p 25 34 34 it Argus c or 425 9% 9% Asbestos 25 s27 27 27 1 Atco ind 1830 8% All sugar 500 6 a All Sug w 100 140 140 140 5 Bank Mil 7811 18 a Bank n s 4291 30 a 30 a b can Nat 1008 14% 14% it Baton b 1640 15 15 Beaver l 629 19% 19 a Becker b p 370 i. Belong w 116 265 265 265 Bell Canad 1952 46% Bell a or 451 52% 53 a i Bell b or 25 54% Black p 1300 5 it Block Bros 3600 295 295 295 5 bomb Der z20 10 10 Bovis Cor 1000 190 185 190 5 Bow Valy 980 27 a to let by can 5450 la a Bra Malea 3900 375 375 375 Bramal w 2400 215 215 215 Era scan 3405 18 a bldg tank 200 445 445 445 Bronco 529 5% 5% a by Forest 200 21 21 it by phone 44 63% 63% it a Mph 1956 z5 65 65 a Mph 5% p 75 80% 80% a Mph 4.84 265 17 a Bruck b 500 Budd Auto 265 6 a 6% Budd a w 320 240 240 240 Burns ads zoo 12% 12% Bushnell 846 7 a 7 a cad. Dev 1500 8% Calvert die 1300 95 92 Cambridge 200 la a 11% Campeau 892 340 335 340 cd sugar 375 33% 33 a can Cem l. 695 46 a 46 a can malt 275 25 a 25% can malt p 328 90 90 90 c packs 2100 18% 19 a can Perm 5295 17 17 a a Cal or 650 s a 5 a can brew 1750 7 a 7 a c brew a 100 32 32 c cables 810 14 14-r c cables 810 14 a 14 a a c Cable w 788 245 245 245 c Curtis 200 67 67 1 can equity 800 12 12 it age or 500 26 24 a c Goldie 600 375 370 375 s c Hydro 200 13% 13% i c Hyde or 500 14 a 14 a i c Imp Bank 7600 24% ind Gas 301 cil 605 14 14 i c inter Urb 200 200 200 200 cent Rurup 150 7% i c Manoir 500 335 335 335 c Marconi z55 295 280 295 c of dental -400 9% it up inv or 3610 22% 22% up inv w 4615 305 305 305 5 up Ltd 8170 13% 13 a i Cpl a p 600 10 a 10% can tire 400 39 39 can tire a 1j55 35% 35% c Uil ties 1450 37% 37% can Gas 1325 21 a 21 a Stock Salt can 5% p can Ron Capit div Cara Carrier cd Cdr Ltd chem cell Chrysler chum chum b Columbi p Corrino c Holiday i Compro computer co tech con Bath con Bath p con Bath w con bldg con textile con disturb cons Gas Cooper c Corby it Corby b Cornat ind Coront p corp food Costain r Grain r l Crest Bra Crown life Crown test Crow nest cygnus a 100 1400 3500 350 200 110 1600 150 850 600 650 1415 420 300 300 400 1873 100 1050 5903 650 250 2068 100 2100 125 z35 800 100 100 525 300 100 100 50 560 High Low . Chat 15% 15 a 19 a 19 a a 54 51 465 465 465 6 a 6 a a 7 7 460 450 460 5 s29vs 29% 29% 490 495 s7 a 7% a s8% 8% 8% a 22 a 22v4 a 311% la a be 270 270 270 295 290 290 215 215 215 5 7 a 7% 11% a 47 47 150 150 150 445 435 435 5 23% 23% 19 a 19 a i 14% 23 a 23 a 23% 23% i 150 150 150 180 180 180 5 s8 8 8 a 7 a 7 a 11% a 370 370 370 30% 30% 14% 14% 28 5% Debold b p 300 79 79 Distl sea 1488 29% 29% Doman i 250 s9 a 9% 9% dome Pete 636 33% d Bridge 300 22% d Citrus 100 8 8 a d Coal or zoo 22 22 Donasco 2350 24 24% Donasco p 25 76 Dom Glass z25 10 a 10 a d Lime w z75 38 38 38 Dom store 750 Dom tar 1387 12% it d textile 615 Dover or z72 drug Ltd 225 Dupont z25 .19% 19% Dalex d a 300 8% a est can s 300 12% Eddy much 100 10 a 10% it econ inv p 225 31 31 electro k 200 5% s a a electro Ltd 100 40 40 a Emco 2000 6 6 Erie d 300 exquisite 300 440 440 440 Falcon 1342 79 79 fed Grain 125 7% 7% a Fields s 1490 13% Fleet mfg 1000 85 85 85 Ford Usa 120 71 71 Ford Coda 625 85 85 f seasons 200 14% 14% be fee Pion 225 17% 17% fee in or zoo 69 69 Gaz 5.40 p 450 67 67 in Mang 700 6 6 Gen disturb 4050 18 Gen Star l 365 12% 12% instar l w 8 450 435 450 Jesco Dis 100 360 360 360 5lendale 400 480 475 480 5 me b 10000 21% draft g 2000 20 20 it Greb ind 300 paper 966 17 a go Pap w 2050 250 250 250 in capital 1500 it w life 275 46 it wests 800 5% Grey and 1100 14% gris sol f 300 8 8 Gow cd a 300 9% 9% Guart St 2459 14% it Gulf can 2972 25% 25% Hamlton t 200 9% hand chm 300 7 7 and c a or 300 7 7% Hardee 540 105 105 105 5 hard Carp 300 14% hard cup a 75 14% 14% i harlequin 600 390 30 390 Harvey f 2400 85 83 Hawker s 1700 260 250 250 Hawker or 25 58% 58% Hays Dan 29 113a la a i Home a 1672 32% 32% Home b 240 Home pit 200 255 255 255 5 h Bramer 100 330 330 330 Hoden do 2.00 300 300 300 h Bay co 2360 19% 19% he Oil 844 44 44 he Oil g or 300 55% Huron Eri 1781 24 24% husky Oil 5875 15% a husky e w 1940 535 530 530 Toronto Stock quotations Stock sales High Low . Cage inc 1685 19va inc w 780 780 780 Ilasco 1058 19v4 19 a Imp Gen w 200 120 120 120 Imp Oil 8691 30% 31 it indal can 200 s9 9 9 a Indus Man 400 9% 10 i Inland Gas 532 13va a inter City 200 s6v2 inter c a p 150 inter c a 600 290 285 285 inter c b w Iofel 295 290 295 5 int metco 100 240 240 240 ism 61 333 333 int Nickel 8034 31% 31% i util 18353 43% a int util a 100 s51 51 51 Interpol 500 s18v2 a inter pipe 1625 a int pipe w 3265 14 i inter steel 2300 7% inv group 100 7% 7% inv Gap a 800 7% 7% is inv Gap 5 p z70 a 21 a .21 a Irwin toy 500 s16v2 Island Tel 200 Sio a 10 a 10 a it ind 200 425 425 425 co ind 610 14 14 Kaiser re 3950 405 400 400 s Kaps Tran 250 7% 7% vib keep rite p 1151 11 11 Kenting 1100 Lova 10% Koffler 1225 Koff Ler a p 545 8% 8% it Koffler w 260 710 710 710 Labatt 2023 21 i Labatt or 355 a Laidlaw m 390 is 4% 14% Laidlaw a p 100 15 15lont Cem 725 270 270 270 5 Laura Sec 100 8% 8% Lau Fin 950 Leigh inf 1620 480 475 480 leons frn 100 i life inv w 700 120 115 115 Lincoln to 150 12 12 lob co a 200 5% 5% a lob co b 500 5% 5% lob g a or zoo s19v4 19 a 19 a Loeb m 650 350 345 345 s m s Mclarn a 200 i Mclan h a 1200 s9% 9 to Mclan h b 300 s9 a 9 a 9 a my Cable 1525 8% v my Ltd 510 253a 25% i Agnason 100 8% it magnets 500 78 78 78 magnum 100 27 27 m of Gard 220 30 30 m of Mills z50 153a maritime 160 22vi 22 a it Marlboro 1350 5% 5% mass Fer 3358 la a la a a Mclaghlin 2900 13% 14 Mclain w 1600 600 575 600 me pc 500 7 7 me pc w 500 225 225 met stores 300 Slavi a met str 67 p 100 18 a 18 a met Trust z24 Sis a 17% 18 a micros St 1071 6 6 it i Crays w 4650 170 170 170 Milt Brick 225 400 400 400 Molson a 5929 it inf test 700 a Moore 10730 37% 38 i Morse b 260 33 33 a Morse Prilo 32 a 32vi Morse b or 95 33% a Murritt p 1000 320 320 320 5 Nurrit p w 1000 23 23 23 nabs dig 300 9% a Nat drug 100 6% i Nat drug p 100 8% 8% n Hees ent 500 300 280 300 Nat Hees 400 275 275 275 Nat sea Al 9 9 Neonen 2309 400 385 390 -10 no Tel zoo 14% m provid d 750 33 33 33 mild up 1150 12 a it Yoranda 5808 32% Cal g 2259 nor Cal b p 2375 29 a 29 a Jor Cal w z75 555 555 555 is l p z25 13 a is savings z43 15% Psi Mark 900 390 385 390 newest d 300 of dental it 400 a 11 a 11 a Ocean pm 1964 29v. 30v4 a Okanagan 1075 6 a 6% a Stock sales High Low . Cage of ind 55i s5 5 Oshawa a 5273 Sll a 11 a la a Oshawa w Zug 130 130 130 Overland 2 p 200 440 440 440 Pac Pete 4682 30% cancan i 200 230 230 230 5 Peel elder 210 14v a Pemba do 40 25 a 25to pc jul a 1400 a Petrosina 100 21va 21 i Pitts eng 1100 s14v8 pow corp 2205 5 514 pow c 5 or 200 8% is Price com 100 so a 7 a a Quinte c 1100 200 185 190 Quinte a 700 200 180 200 rank org z15 21% 21% readers d 600 7% Reed Oslo 7050 s8% 8% Reitman 100 s19v4 19 it Reitman a Al 19va alleys d 500 180 175 175 5 Ripley int 400 330 330 330 5 Riv yarn 100 225 225 225 r Little a 25 s343a 343a 2 Rolland 300 310 300 300 Rothman 460 i Rothmen w z30 320 320 320 Roth a p z5 83 83 Roth 2p 350 19 a 19% vib Royal Bank 2355 Royal test 1028 35% 35% Ryl t m 100 14 a 14 a St Cem a zoo 37vi 37 a St Maurice 400 65 65 Wayvette 105 485 485 485 Schneid b p 100 s8 a 8 a 8 a skin tree 500 275 275 275 Scot York 100 Scot Lasal 600 9 9 a Scot mis or 350 7w 7 a scoffs 825 14% Seaway or 100 5% 5% Seco Cern 705 Sio a 10% secur Cap 200 375 375 375 select p 400 310 310 310 5 Selkirk a so s17 a 17 a 17 a Shaw pipe 200 s86 set Shell inv p 500 37 37 Shell inv w 560 16% 16% Shell can 1055 36 a 36% a Shepherd 200 400 400 400 Shully s zoo s5 a s a 5 a silvered a 100 15 15 it Simpsons 6065 21% 21% Simpson s 418 28 a 28 a Sklar m 1142 235 235 235 5 Skyline h 100 9 9 a Slater St 200 Lovs 10 a Slat w can 2050 13% 13 a St Brodist 600 13 13 St paving 1025 Siva 10% la a St can 17458 26 a Steetler no s7w a Steinig a 250 22% 22% i Steinbron 1200 315 310 310 5 t z 964 50 1200 425 1810 Stock sales Wai Noco 0 100 walk go 4090 Weld Wod Bur a p coast it w pet a p West St Coas r 26100 we steel 100 w a recast 1000 w Bias a p 225 w can seed 400 West hse 500 Weston 400 Watn 6pr White Pas Wiley Oil wooded a Zellers Zenith 50 1602 600 1840 105 1200 High Low 5% 41% 13% s35 a 10 13 11 Sis a 15 a 11% 35% 450 450 is 8 a 18 a 84% 9% s25v2 25 16% 245 240 . Cage 5% Vava 13% a 35 a it 10 a 31 a 11 1 15 a 450 14 a 18 a be 84% 9% a 7 a 25% 16% a 240 sales to noon 888.000. Mines net Stock sales High Low . Cage a c 1000 Acme 13500 Adana m 3500 Allied eng 2564 am Larder Ang u Dev armore soc pore Tel c cop ban Keno Bare a Dou Betlem by Hawk Rameda Brenda m Brunsk Brunsw r Bunker h Cam mine Camlo Camp re Tung c Jamieson c Lancour Tel Edyne 225 Texaco 535 Texas go s 2560 the a Gina 200 Thorn Box Thorn nes Thorn n or tone Craft Tor Mont Tor do by Tor Star b Tow Mart traders a traders 5 p trader b p trader 65 w trader 66 w trader 69 w to can pm 3610 to can i p 60 to can a or 169 to can p w trans lob trans it Trimaco tru Wall unas inv in car bid in Gas Union Oil Van Ness versa cd Ven Power versatile versatile a Vic g to Ajax 100 z5 100 300 1000 t625 975 900 1893 z16 zoo 225 220 540 700 1810 800 600 200 150 1780 200 720 100 200 100 200 1355 570 200 480 480 34 14 a 12 6 28% 51 s16 16 135 130 29 a 40 40 27 180 180 435 425 495 490 36 43 67 990 t85 185 s7va 6% 300 300 13% 45 80 72 130 130 350 350 270 270 s34% 34% 10% 13% 480 34 14 a 12 it 6 28% 51 it 16 1 135 29 a 38 a is 15 a 24% 27 180 435 495 36 43 67 990 185 20 it 7 a a 300 17 a 13% a 15 a 45 2 7 a 130 350 270 34% is 10% a 13% is c Malar Merrill Candore Captain Cassiar cent Pat Chemaly Chimo Coch will Colour no m con Fardy c Durham c Marben c Morin con Negus 3000 1000 1000 1200 1000 4800 2705 2000 1035 100 1064 9200 4000 3000 100 200 1800 1300 1750 2500 2500 1000 1500 310 1000 2220 5813 500 500 6800 300 500 4268 con Nichol z166 con West cop corp Coulee Crow Bank z20 3500 10500 500 23 22% 23 46 41 46 340 330 340 49 49 see list below. 13 13 37 36 37 2 51 51 620 610 610 5 20 20 4% 4% 4% 17% 17% 58 56 95 95 445 445 445 5 300 295 295 5 14 13 5 5 30 30 30 235 235 235 1 19% 20 160 160 160 5 125 123 123 2 7 7 7 30 30 30 480 470 475 4 4 4 8% 8% 8% 20 20 175" 175 175 5 203 202 203 2 112 110 110 1 20 19 35 35 35 76 76 76 71 70 70 165 165 165 5 150 150 150 6 6 3% 3% 810 810 810 12% 12% 13 13 13 11 11 11 Deer Horn d Eldona Denison Dicknson dome d explore Donal dynasty East. Mai East Sull Frobey get Mast giant Yak Goldray Gold rim Gran Droy Gran Isle huds Bay int Hallie int Mogul Iso Soutel d 2000 500 2079 220 350 2000 17833 100 z300 100 12500 4265 300 500 zoo 4000 150 1635 8157 1450 500 3 3 44 44 24 a 71 71 139 137 7% 6% 575 575 87 87 265 265 36 35 500 485 680 675 65 65 8% 8% 8 8 725 725 20% 24 20% 800 790 131 130 3 44 25v4 71 54 139 2 7 575 87 265 36 485 675 65 s a 8 725 20% 24 2 795 130 1 i 500 52 52 52 Stock sates High Low . Cage Kerr add 915 725 70s 725 5 lab min z25 35% 2995 12% 605 230 230 230 2100 199 199 199 700 180 200 375 11 l Dufault l Shore la Luz la Lac lost River Lou Vicrot Lytton m Madeline Madsen Malartic Man bar merchant Martin Matt Ami me Adam me Intyre Meta Uran Midrib it Wright nub m new ath new Cal Newconb Newlund 1000 z5 130 466 255 z300 58 2814 1200 3000 1500 57 199 180 370 11 130 255 58 55 199 180 370 11 130 255 58 55 -5 8 11 20 12800 300 z250 9 1000 26 600 520 500 13 n que Ragl 2850 760 n senator 500 9 Noble m Nobraska Norlex e n Canada n cold St North Gat n Rock 32% 32% 32 a a 60 60 60 6 6 625 26% 26% 570 44 44 44 530 72 1000 11 11 1400 11 11 1000 20 20 285 9 26 515 13 750 9 114 16 72 11 11 20 285 9 26 520 13 755 9 114 16 1 n Beau Ope ska orphan Kosisko p Asbestos amour 7100 118 1000 16 see list below. 700 54 54 54 z250 47 47 47 1425 465 500 217 500 35 0 1115 840 1200 370 800 28 500 130 100 175 460 215 35 z 825 370 28 130 175 460 215 35 825 370 28 130 175 55 1 2 1 5 8 4 5 Patino n1600 13% 14% pee exp Pine Point Placer Prado exp Preston pure Silv que Man que Sturg Ray Rock Rio Algol roman Ryan or St Fabien satellite Sherritt Silva a Starck Steep r Sud cont Sullivan Sun sex Tara Teck Cor a Teck Cor b Tho l to Bill Tor mex m tribal u Minig u Siscoe Upp can Urban q West mine Westfield who horse Willroy Windfall Yak Bear Yukon c zen Mac Gulapa 4033 55 55 z210 s25 24% 25 113 26 a 600 121 121 121 3800 755 750 755 2700 220 220 220 z509 11% 6 6 2666 10% 10% 500 110 110 110 5 358 15 15 a 200 620 620 620 7500 14 14 z40 3 3 620 14 3 14 3 500 6% 6% 2385 14% 1000 19% 19% 5620 40 38 40 1350 228 225 228 2 1000 26% 26% 5216 274 268 270 11500 11 10% 11 2960 13% 13% 524 470 366 425 10000 21 1000 59 3300 160 1400 60 2000 460 420 18 59 160 40 21% 21 460 420 18 59 160 60 21 180 156 5 3 7 2500 180 180 180 700 165 156 156 z333 2% 2% 2% 100 250 250 250 1600 102 95 800 170 170 170 5 1000 73 73 500 8% 8% 8% 1900 425 415 425 1000 131 130 130 666 13 12 12 2000 8000 5 5 oils stick is Pete w c Dehi c sex Gas c Home std can sup 0 charter 01 chieftain d Clark can Decca r dynamic Francana or Plains it coils is Houston 0 Houston w Lochiel 610 1710 5200 2678 600 900 925 1900 5400 7200 400 100 220 1133 z50 3500 High Low . 300 296 300 510 500 510 325 320 325 845 845 845 it 700 690 690 835 825 825 380 370 370 230 230 114 113 113 460 450 460 5 a 525 525 525 186 185 185 5 62 62 62 159 157 157 1 m z Merland e 3000 my icon 1000 Mill c 23300 Mineral r Nat Pete n cont sumac Oakwood p Page pet Palliser pan Ocean pan can p per to petrol place g Ponder pesto oils Ranger Scurry in Siebens Spooner Sundale 0 total pet to can res u Canso u Canso w Ulster pet voyager p w Denalta 2000 4500 3625 1957 1070 4300 5651 400 22255 100 1800 1000 700 300 1220 875 2300 300 325 500 3550 2467 5600 500 5820 75 75 59 58 228 226 36 31 240 240 75 75 12% 100 99 175 160 55 55 12 43 42 129 129 103 101 72 70 185 180 13% 14% 890 885 110 105 270 270 595 590 82 82 405 400 61 61 145 141 485 480 660 640 75 59 227 1 36. 240 2 75 is 100 1 160 5 55 12 is 14% a 42% 129 103 1 72 1 185 14v4 885 105 2 270 595 400 61 145 2 480 655 primary distribution the shares of the following companies May be considered As being in primary distribution through the facilities of the Exchange pursuant to a statement of material fact. E previously issued shares. Ang u Dev 2500 75 75 75 Norlex e 2000 25 24% 24% Grain inspection Stock net sales High Lew . Cage a l Alt East g 100 535 535 535 5 Alminer 1500 530 520 530 5 Samera 300 17% 17% Ashland c 1000 11% 11% blog 4000 615 605 610 5 Calvert 2000 13% 13% 13% is Pete 1800 605 600 600 5 cars inspected dec. This or. Last or. Wheat .4075 857 Oats 37 30 Barley 184 195 Eye 20 8 flax 106 64 rapeseed 84 171 others 26 3 grand total .1932 1328 contract wheat 1330 Oil firm takes on new name Cleveland Ohio a Standard Oil co. Of Ohio has announced reorganization plans for Canadian Delhi Oil Ltd., a subsidiary of Standard had been approved. Shareholders meeting in Calgary Alta., approved consolidation of the firm s authorized 12.5 million shares of Stock on a one for two basis and a change of the company s name to can Del Oil Ltd. Standard which holds 93.6 per cent of Candel Stock said the move paved the Way for a secondary offering of Candel shares to the Public. Ohio had said earlier such t an offering was being Consil ered to avoid a possible future conflict of interest. Candel president Smiley a Dorn jr., told the shareholders the firm will apply for listing on the american Stock Exchange after the secondary of Fering is made. The Stock currently is traded on the Toronto and Canadian Stock exchanges. . Govt. Bids for Utility Halifax up directors of Nova Scotia Light and Power co. Ltd. Will meet with Premier Gerald Regan Jan. 5 to discuss a bid by the provincial govern ment to take control of the Pri vate Utility. Annoy Cement of the meeting with the Premier came shortly after the end of a closed door meeting of Nelp directors today. A spokesman said discussions with the Premier will Likely also involve a company proposition for use of an arbitrator to Eval uate the Worth of company shares. The government through the Nova Scotia Power commis Sion is offering a share for about five million outstanding common shares. Light and Power company officials announced tuesday that they had support from the hold ers of shares just Over 51 per cent. To comes to Borneo Kota Kinabalu Malaysia a television came to the land of Borneo tuesday. Chief minister Mustapha Harun opened the station a Branch of the government s television Malaysia. 11 will broadcast for five hours each evening. Dairy exports up Baltimore . Exports of Dairy products valued at million Rose by 20 per cent n fiscal 1971. Most of the gain Vas due to larger shipments of nonfat dry milk at higher prices. Dow Jones Market comment analysts maintain a Posi t ic stance towards the Stock Market although they expect it to be buffeted today and tomorrow by last minute 1971 tax loss Selling and profit taking. The experts attributed the Market s slip late yesterday to these factors. The Dow Jones Industrial average which had been up More than seven Points closed with a gain of Only 3.68 at 893.66. Losses for 1971 tax purposes can be taken until the final Bell tomorrow. This also is the first week that profits can be taken to go into 1972 income. Farnest Ocic co s John Smith finds nothing startling in the news Back ground this morning Al though on balance he says it is favourable. He cites the end of the . Air attacks on North Vietnam saying that news could push prices higher. A Bull Market ignores bad news and responds to Good Smith said. Smith also cited As potentially bullish the report that president Nixon plans to ask Congress for new authority to negotiate reductions m International Trade barriers. Also on the pins Side he said was Alcoa s Price boost on 70 per cent of fabricated product ship ments and the company s prediction of visibly brighter prospects in 1972 for the financially troubled aluminium Industry. Also on the Price front three brass Mills have Fol Lowed the Lead of Anaconda american brass co. And raised prices on All Copper products except Copper pipe. Further evidence of an upturn in foreign buying of . Stocks As a result of the recent currency realign m t came today from Japan. A Tokyo newspaper said japanese investors placed Bay orders for s3 million in securities in Hevr Yore the first trading Day after Ibe Rafig affiant it adds oat Pur chases have remained at a High level. Bache co. Continues to recommend selective Trad ing. It notes the yearned Cross currents but thinks there is sufficient enthusiasm to assure a Reservoir of buying Power underneath the Bache notes that the Dow Jones Industrial average made some probes of the 900 level yesterday but Calls More spectacular the Rise in the Dow Jones Utility Index. It jumped 1.73 yesterday after similar gains monday and tuesday. Bache says this interest sensitive group has been responding to efforts of the Federal Reserve Board to serve an accommodative monetary utilities Are Large borrowers and the recent decline in interest rates is welcomed by the companies As Well As by Utility investors. Quebec got Federal but still needs jobs by Boris Miskew Montreal up Quebec s Economy shuffled through another year of Stag nation with few indications of any rapid upsurge in 1972. Financial leaders generally agreed the economic position of the province has not changed appreciably in the last year and private invest ment was insufficient to pro vide a significant number of new jobs. And jobs or Lack of them present one of Quebec s major problems As the province Heads into 1972, Stuffl Strug gling in a climate that is not the most conducive for the needed rebirth of Confidence. The generally depressed economic conditions in the United states and Canada and especially in the pulp and paper Industry on which Quebec relies so heavily helped make things even Mere difficult in the province in 1971. Businessmen said it was difficult to assess whether the Economy was More buoyant than at this time last year Al though an abundance of fed eral Grants and Loans under 011 a w a s regional develop j ment program had a mild Impact. Hardly a a week went by from Ottawa about the distribution of mall Ems of dollars in Grants and Loans to companies operating or Estabi seeing new fact finies a Quebec. Junior or a mkt for to Delafe Osier to o resume to 1104 about 40 or 45 per cent of All Federal Money for incentive programs is being poured into the province. The Federal government financed the major portion of a order for the building of ships for France part of the amount being Given in a form of a Grant arid the remainder As a loan. All this helped provide a boost to the Economy Finan Cial leaders said but it was an artificial stimulant and the province eventually will have to stand on its own eco nomic feet As for the economic and in vestment climate Premier Bourassa himself said that Quebec still is paying the Price of the october 1970, terrorist crisis in terms of de creased in Vest men to and growth. The province s investment rate is growing slowly at Best said the Premier and at times shows a decrease. Drought ended Brisbane Australia renter Cyclone Althea j now heading farther oot to sea 1 kit one of the arid regions of Northern Australia a giant i land Lake after 34 years of dreg he. Tace Cydonie concern i frats so its farces of towns Ife i Queen Send state s second larg est Day taxed three persons 273d caused s32j2 dam age parser ass there Are a number of major Multi million Dollar projects under Way or in the works a Large portion of them being backed by government financing but there also is the exodus of head offices or head office personnel. Cominto Ltd. And Webb and Knapp Canada Ltd. Were among those to move their head offices to Vancouver during the year and Pepsi cola Canada Ltd. Will relocate its major management opera Tion in Toronto june but investment is coming to Quebec. For example Union Carbide of Canada Ltd. Announced it plans to invest about s13.7 million in a Plant near Montreal. The Federal government is contributing million to the project other projects include proposed s6 billion James Bay hydroelectric development which is to be launched during 1972. New pulp and paper operation by in r a y o n n i e r inc. On the Quebec n7orth Shore new s400-m i 11 i o n Montreal International air port at Ste. Scholast Sjue. Subway expansion program of s430 million. Sid nillion Ciao inter National aviation project in Montreal. Nevertheless. Quebec s provincial total outstanding debt last Marca 51 stood at an increase of s370 million since tree end of Prev was Scal year. Total capital expel stores is were Bisom is 1989, s4.6 Browa so 1976 and a Ruffi is crease record wheat output Washngton a the United states agriculture department says american wheat Farmers produced a crop Worth More than billion a 1971, the most since 1947 when production was valued at billion. But further comparisons Are fragile. In 1947 a world hungry after War wanted More food and wheat was Selling for s2.29 a Bushel on average for the year. The 1971 crop based on department projections i 11 average s1.32 a Bushel. The spread of a Quarter Cen Tury is even greater when farm production costs Are considered. In 1947 a tractor Cost or less. Today the size of tractor needed by wheat Farmers costs and up. The 1971 crop figures were published by the crop reporting Board in a preliminary summary for the year ending next june 30. Production of All wheat in 1971 was about 1.64 billion Bush Els a record output. In 1970, for example the crop was less than 1.1 billion bushels and the average Market Price a Bushel. That made the 1970 crop minus government payments Worth a Little More than billion. When government payments were added the 1970 crop had a value of billion. By cranking in government payments departmental experts say the 1971 crop of wheat was Worth to Farmers an j average of a Bushel. That j compares with the blended j Price in 1970 of a Bushel. I in 1947 Farmers raised an other bumper wheat crop near i by 1.36 billion bushels at a time when the world was crawling out of the after oath of the Sec Ond world War. Despite the big crop Farmers in 1947 received an average of s2.23 a Bushel for wheat on the Cash Market. Real worry Over disc what we do Here by John Meyer currency realignment was like the key log in a Jam. Once it was achieved the Jam began to break up. The surcharge for canadians the most restrictive of the Nixon measures has now been lifted. Exporters of the s3 billion Odd Worth of manufactures that were effected Are Back to where they were prior to aug. 15. So Are the exporters of a is billion Odd Worth of Cap ital goods who had to overcome the buy american requirement for the investment tax credit. As these immediate areas arc cleared however the Domestic International sales corporation disc looms larger in the foreground of Canadian american relations. Through disc an american exporting corporation can achieve a tax deferral which makes its Price More competitive. It s not As formidable As it appeared to be when first advanced Bui it is still formidable enough to be a cause of worry for canadians. The More pertinent question j is whether Well worry about the right aspects of disc. The legislation As finally passed placed a limit of s200 million on the amount of deferral. That s enough to give Many american exports a marginal Edge Over Domestic Competition it would give a stronger Edge Over third production through disc on the american Side and the potential for damage to the Canadian Economy can be seen to greatly exceed anything disc alone might do. That s what canadians have really to worry about the extent to which our own policies invest disc with a significance it ought not to have. One who seems not to be worrying is or. Trudeau. Apparently president Nixon s assurances that he recognizes canadians right to be canadians was it in question arc taken by him to mean that if his government restricts foreign investment there la be no of f i c i a 1 interference from the Nixon administration. One would think not. There is Noth ing the administration would like better than to keep Ameri can investment at Home. Americans invest in Canada because they can make Money by doing so. The administration is trying to make it More at Tractive to make Money at Home. Canada is helping it by an intensifying nationalism. If american investors Start to re Spond however what will be done to replace the employment they have provided among other advantages How much .v., thought has or. Trudeau and Canadian Side of the Border j his advisers Given to that ques with inducements to repatriate j lion country Competition after allow ing for devaluation. Marginal or not some Canadian producers could be Hurt although not seriously. The More disturbing threat posed by disc is the induce ment it offers the american corporation to pull Back production which is now done in Canada. If tax deferral will permit him to produce for Export from his Home base that would be preferable in Many instances to operating a Canadian subsidiary. But again this is largely a marginal consideration. The heaviest potential Impact of disc comes in conjunction Domestic policy. The foreign investor has been made increasingly and at times it would appear deliberately uneasy about the future economic environment for his Canadian operations. Tax re form measures Are one source of that uneasiness. The Competition Bill is another. The Herb Gray report since compounded by prime minister Trudeau s pending policy of pick and is still another. The strengthening economic nationalism indicated in these is not encouraging of future invest ment match these deterrents on the i Harrisons Crosfield Canada Ltd. 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