Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 01, 1978, Winnipeg, Manitoba September 15 artists Conception of the plan for the third and fourth floors of one Tower of Triec equities limited Winnipeg Square development at Portage and with the new trading floor design of the Winnipeg commodity Hudson Bay earnings up Hudson Bay company has announced that net earnings for the half year ended july were or 31 cents per compared with restated or 29 cents per share for the first half of last a press release said that not included in the earnings reported for this year was an extraordinary gain of approximately which arose during the period from the disposal of an investment in Glenlivet distillers Lim there were no extraordinary items in the first half of sales and Revenue increased per cent to from for the same period in retail sales were ahead of last year by per the statement in spite of the loss of food sales due to the Sale of certain Quebec food operations to proviso ear Lier this and a Sharp decline in sales in a number of Quebec communities due to the Iron Ore earn Ings for the half year ended july were made up As follows previous years figures in merchandising real estate natural resources finance costs restated 000 income taxes 000 minority interest restated total the Bay release said that in arriving at net credit has been taken for 50 per cent of the anticipated in come tax credit for the year arising from the three per cent inventory Al Lowance which became Law last de this had the effect of increasing earnings by last years earnings have been correspondingly increased by merchandising profits were ahead of last year by per owing in part to Strong sales gains from the Compa nys larger department stores in major metropolitan areas and to improved results from real estate earnings were virtually unchanged from a year natural resources earnings were ahead per with the major part of the gain attributable to an increase in the company share of earnings from Siebons Oil Gas if consumer demand continues at the present relatively High the Bay anticipates a further improvement in earnings in the second four new with a total of 000 Square were opened in August of this the company release they Are located in the Park Royal shopping Centre in West in the Oshawa in Les promenades in the South Shore area of and in the Carrefour do Nordquest in Val initial customer response was called Excel another store of will open in october in que a semiannual dividend of cents per share has been declared payable on to shareholders of rec Ord at the close of business on this is the maximum allowable under the ant inflation which expires later this the Board has announced that it in tends to implement a quarterly dividend with the first such dividend being payable in falling Index Points to slower growth Abacus cities one record Washington Reuter a further significant slow ing of economic growth in the next few months was indicated thursday by the Index the government uses to forecast future economic the Commerce depart ment reported that its Index of leading economic Indica tors fell by per cent in after a Rise of per cent in the decline in the Index was the first since a on per cent drop in and was the biggest fall unrelated to weather conditions since january at the height of the although a on month movement in the Index is not always this months figures taken with other important measures indicate economic weak new orders for factories fell by per cent in and new orders for durable get contract Edmonton up cel contracting of Edmon ton has been awarded a 000 contract to build a two million gallon Reservoir and pumping station North of goods items like cars and air planes fell by an even More significant per cent during the economists believe an inflationary surge which in turn has caused a major in crease in interest rates is starting to make business men reassess their future the jump in interest rates also affecting the housing with the number of building permits falling the Economy is continuing to expand at a fairly healthy rate in this which ends on but Many economists now say there will be a Sharp slow Down in growth in the final three months of this and perhaps an actual de Cline in output during the Early part of Halter East sublet 2 bedroom Den 9421822 banquets weddings Windup displays socials Montcalm Gordon hotel 2691406 automotive parts after Market an Opportunity exists Tor an individual to own one of Winnipeg newest and rapidly growing Auto parts wholesale retail stores this store has an established number of wholesale accounts and it rapidly expanding with the retail Dolly urholt Trade ii is operating out of leased premises on a Maior artery with years remaining on the Lurenl sales volume is approximately 00 pm month with a Gross profit of 33 v anticipated Lulu re potential volume Lor this account could be in the 4bo thousand to 500 thousand Dollar Range this business has been operated by Lour Tun time one part time and Absentee owner manager overhead would be substantially reduced by an on the owner total asking once Tor this business Opportunity is which includes d Lull and adequate All fixtures and equipment plus All replies will be held m Confidence write to Box 1317 free press for Sale or downtown Industrial or commercial one Storey 6 washrooms suitable Tor or or three completely 3 overhead human the personal property Security act the above act is in Force from september and will affect All registrations of Security interests in personal including chattel mortgages assignments of Book debts conditional sales contracts garage keepers liens corporate securities Asol september registration of Security interests in personal property can Only be done through the personal property registry office As and trom september information regarding All Security interests registered since september and information regarding corporate securities previously registered in the corporations Branch shall be obtained from the personal property registry Orfice information regarding registrations currently in effect in county courts will continue to be obtained from the appropriate county court until further notice for further information on new forms and procedures Contact the registry at the address shown below personal Wop Eity twist in 15th 405 to away m Anh Tara to Dutott b3c 316 i vim i my i v do Telephone m43iz3 department of attorney general for lease for Sale West end truck rail Spur Poss 60 Paramount Inkster Grade level 10 office Poss immediate Matthews warehouse Dock level office Poss immediate Portage West office or retail Ideal for doctors or dentists Regent office air ground floor of office Logan can be subdivided Poss 1979 Pembina Highway 197 frontage depth zoned c2 Good development property 946 Erin Wall excellent parking retail location 868 Arlington old i kid Kirby division commodity Exchange spending million on Triec move fire Winnipeg commodity exchanges plans Ter mo6 eff ligation of its trading facilities and move to the Triec As reported in thursdays free Are expected to be realised within two years at a Cost of about Exchange Douglas says the program will include computerized Market and information systems and a modernized trading me said the transformation of facilities to take advantage of the most modern technology available will make it possible to provide better service to members and other users throughout the to handle the in creasing demands on futures and to take advantage of opportunities for business in the growing interest in futures in the 197778 crop year ended july volume of trading on the Winnipeg Exchange Rose 30 per cent Over the previous year with More than million contracts Worth about billion the new location will have a two Storey trading 50 per cent larger than the current with space for expansion into markets under Ford the computerized system will include electronic boards to display prices of commodities traded in Winnipeg and other markets with instantaneous transmission of Winnipeg prices throughout the the modernization would help continue the growth in trading and make it possible to expand the Range of commodities Ford Northland Bank reports Revenue the Northland Bank posted an after tax balance of Revenue of or 21 cents a share during the nine months ended july the Bank said in a Revenue was of this was income from Loans while the balance was investment in earnings from depos its with other Banks and other operating said growth in North lands loan portfolio has slowed somewhat due to Good Avail ability of capital in Western total Loans stood at As of july Willson noted that a significant real estate financing program has been arranged in conjunction with an Alberta credit Union and Northland has made its first credit accommodation for the Export of Canadian outside the the Bank has made arrange ments to offer Loans jointly with its West German part do besides increasing the Speed and volume the new systems make it possible to better handle the new such As interest rates and options he Gerry chairman of the planning commit tee which developed the modernization said systems will greatly improve our ability to process information coming in from other markets and will Speed up transmission of our it will also improve our ability to handle our growing volume of Trade and provide More comprehensive information on our the move from the historic Grain Exchange building on Lombard Marks the new Era for the he the Era really began in 1963 when the Winnipeg commodity Exchange introduced the worlds Only rapeseed futures still new As a major world Trade rapeseed soon became the most actively traded commodity Here and captured a significant portion of the world vegetable Oil mar providing Western Farmers with Cash returns second Only to that of in 1972 the Exchange pioneered trading in Gold futures its first nonagricultural and representative of an area with tremendous potential for the we financial the highly successful futures contracts in interest rates in the United states Are now being developed by the Winnipeg Exchange to provide Canadian financial institutions with a Means of protecting themselves in the risks of changes in interest rate it is hoped trading can begin in this Market in the near Ford another possible new contract is commodity options which give businesses the Opportunity to have lower Cost Price Protection without giving up the Chance for and give investors the Chance to profit from Price change while limiting the amount of their this could also be an area of trading with planning for a Start he compound for rent suitable for storing cars or other Mobile High link loading railway includes 2600 indoor heated area with Dufferin it Arlington rent per 1 phone 7863471 Day or evenings Canadian property tax agents the Canadian property tax agents the Only National association exclusively dedicated to resolving problems related to commercial and Industrial property assessment and has recently formed a Winnipeg representatives from business firms in Winnipeg and other Manitoba centres Are invited to join the local chapter at its Lun Cheon meeting on september for luncheon reservations and further information please Call Davis 323 9 5 for Sale multiple family land James off Portage Avenue rm2 up to 108 for immediate Price of for details Contact Glaus Janzen 8957141 or Taylor 8951176 Aronovitch Leipsic limited phone 95604firt shopping enc wow leasing at the Corner of Roblin and Princeton 17000 retail shopping Centre can be subdivided for larger units available from 1000 to 2200 november 1 occupancy developers and property managers Rosborough Southam a Kornberg 1502363 Broadway for further information Contact Bob re chert project manager 956117o ii Lui Maine i Ait Iii suite ism 7vus advertisement 11 not to be construed us a Priblu offering in any pro thu of Canada of the Ifni Ciuci mentioned isue the first Canadian Bank Bank of Montreal to us latin or tour 9v4 series 2 Price i 100 to mature of Tolar of tru offering May be from Sinh of the Undi Oiler Law Ulk offer these securities in Wood Gundy limited Ames limited Mcleod Young Weir limited Richardson securities of Canada Nesbitt Thomson securities untitled pit Field Mckay Ross limited Gouinlock limited Mead i limited Robert Gelinas Hodgson Burgess Graham securities limited Macdougall Mactier Obrien september 1978 Dominion securities limited Merrill Royal securities limited Midland Doherty limited Beaubien Daly company limited Penberton securities limited Rene Leclerc incur Force Compagnie limited Scotia Bond company limited Ruel Cie greenshields Burns Fry limited Welwyn Stodgell Cochran Murray limited Rousseau Cie limited Morgan Stanley Canada limited equitable securities limited odium Brown read Bickle limited Tasse Pope company ;