Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 27, 1978, Winnipeg, Manitoba 12 Winnipeg free press monday november 27, 1978 Money trading How can it be regulated Market update activity would be clearly illegal if it was indeed happen have been dumping the Dollar for profits served to excite it or me Washington Post ing Many who have reason to doubt the intentions of the the Stock Market pushed per cent by the end of Washington in 1968, there were about billion and according to the Library of Congress which did a banking Community. Ahead monday aided by last week Worth of eurodollars american dollars floating around study for a congressman the Bank could face criminal the comptroller has decided to open up a new office to co minued strength in the but brokers noted that it the world in currency transactions. I charges for violating a never used banking Law More than watch multinational transactions the Justice department Dollar fore in Exchange faces some further Poten ten years later that amount has swelled to Between j 50 years old that prohibits any false entry in any Book is investigating Edwards charges of collusion these the Dow Jones average tial obstacles in the Days billion and billion and it shows no signs of letting report of statement of a corporation organized to do purities and Exchange commission has opened an inquiry of m industrials Rose 1.90 to ahead. More bad inflation up foreign banking with intent to injure or defraud any other and at least three congressional committees have invest in the first Nour news is expected tuesday meanwhile lightning fast currency transactions have company body politic or corporate and sees criminal gated the situation with the intention of holding hearings gainers outpaced losers with the monthly report on shifted millions of dollars into other currencies within penalties for making such entries or aiding or abetting the to look into the matter. By c Ose to a 2-to-l margin the consumer Price Index seconds and the growth of multinationals has continued making of such both sets of charges raise the same question through in the Broad tall of new gambling stocks which virtually unbridled. Though some form of parking is done by virtually every different situations can the world Money system Ever be York Stock Exchange list have rallied lately after a and new questions have been raised about the ability of multinational corporation or Bank Citibank just May regulated de issues. Steep drop from their National Banks or Bank regulatory agencies around the have gone too far banking sources say. Until now there has been enough Confidence in the the Dow has risen about Early autumn peaks do world to keep watch Over the Money markets. At one Point in november 1976, it has been reported that various local Bank regulators from each country. But the 25 Points since it hit a minted the Active list a former Citibank Money trader has charged his Citibank had booked Loans totalling billion in Nassau attitude of the big Bankers in the face of Edwards charges seven month Low at mid again sex employer with parking transactions from european though none were negotiated there. That total reflected has been one of arrogance toward those who do not helped by a Caesars world the vol branches in Nassau in an Effort to avoid tax payments one fourth of the assets of the Bank at that time. Understand International banking. And that Confidence rally in the Dollar Tea ume Leader. Picked up to charges the Bank denies. And despite Citibank claims that there is no tax has begun to erode into confusion began when the govern Bally manufacturing further the same sex banker David Edwards has advantage for parking Loans in Nassau other banking what people Don t said one new York ment look several Steps to added to and Del written a Magazine article depicting the daily life of a sources say that the Complex tax relationship Between the Bank official is that Money must flow around the world the . Currency e. Webb was up to currency trader and hinting that trades working in United states and other countries does provide an Adan 24 hours a Day. The various local Laws concerning Money Early in the month have at time beaten Down the Price of the Dollar Tage for those with their profits shifted to Nassau. Flow Don t recognize the needs of the fast moving world of the Market lately has first hour volume was a deliberately in order to make individual profits for their when Edwards brought his charges to Citibank Accord International shrugged off news of steady sluggish 4.81 million Banks or companies. Ing to sources in the Bank he was essentially told not to it is that attitude that has inspired the backlash of upward pressure on inter shares. The Only reason they were beating the Dollar Down he worry about them. But his persistence to have it cleared Congress the Justice department and the Bank re Eula est rates which pushed the the nose s composite says was because that was the direction in which it was up Cost him his Job and he in turn filed a million suit tors. Bank prime lending rate to Index Rose 0.07 to 53.51. Already heading merely making it easier to capitalize charging the Bank wih wrongful dismissal. And despite the fact that Many governments do not fully cd foul and effect Market swings. At some other time they could but it was Edwards second More sexy set of Allega understand International Money trading and have Laws i 1 have manipulated the Dollar up As Well. Tons about a conspiracy of sorts on the part of Money reflecting that ignorance there is one fact that the the Stock Market was Kaiser dropped to what he has raised is two different issues that really go trades to manipulate transactions to their Benefit that banking Community for the time being will have to moderately higher in Active Noreen to to the same question. Are the Banks regulated enough caused an uproar and has attracted the attention of the contend with people elect governments. People do not mid morning trading Mon Moffat a to a keen As to the first charge that Citibank itself created banking and Bank regulating Community As Well As the elect Bankers. Day industries five cents to 40 transactions Between its european branches and Nassau Media. And after the dust settles from All of the racy headlines Tho in h cents and be Ben oilfield Branch in an attempt to lower the tax bite in the various coming at a time when the Dollar was hitting new lows the key question will still remain moved Cems to j2 fl5 countries in which it operates Bank sources say such All Over the world the charges that some select few might How can International currency trading be regulated gains in two of Tafou r most in mines United Toronto Stock quotations and heavily weighted groups. Off tin h a 6 k 4 to and Northgate y4 financial services to roman dropped climbed 10.65 to 74 five to and ego "4 to and Industrial products 1.05 metals and min among oils Canadian reals dropped 2.49 to Homestead moved ahead 066.21 and Oil and Gas issues to sceptre to j5 1.12 to and total Pete to Ujj among the other 10 ocelot a slipped y4 to n groups within the 14-unit and United Canso it to composite Index paper and 77 Forest products were Stron a trading halt was called 12 Gest of the six that gained at the opening in shares of h while real estate and con Norair Ltd., following an Striction issues were Wea announcement that air Kest of the three losers and Canada is to make an offer transportation issues were of a share for All of m unchanged. Norair s outstanding Corn volume of trading to Mon shares. The Stock last tailed shares Down traded at from 1.28 million at the halts continued in shares same time Friday. Of multiple Access Ltd., la advances led declines 110 Verendrye management to 69, with 160 issues in corp., lost River mining changed. Corp. Ltd. And pan Central 29 among industrials exploration Ltd. Multiple Vickers Rose one to Access last traded at a Murphy Oil to Vic share la Verendrye at i. Toria and Grey a to lost River at 77 cents and Gen Star to pan Central at 65 cents a c. R i b to o sales Helgn Low Stock sales High Low . Clue Slock sales High Low o m Chise car nerd 1400260 254 254 9 inter cloy 1825 58 8 Prairie Oil 250s14v. Standard quotations in cents unless marked car inter c b w 700 55 5 5 pre camb 15100290 280 280 -5 it roof s in ij7j 1 Odd lot sex Day lend Casslar 500 it v. Ism i37s315 314 315 pro Cable 300 a a acc sex rights. Wex warrants. Net 1400 365 360 360 int Alo Oul 200 410 480 480 Preslon 235 18v, l. 5k 1 Stock indexer Day item Ssu a change is from previous Board lot cent pal 2300 Iso Iso 150 int pipe a 1800 a my bldg 3000 53 52 53 3 High Low close Cha "f8-70 i-4i 12rw closing Sale. Conc or 375206204204 into 825 Qatar be 2000 to i 10. 400 Indus 104.82 105 48 ? is s 5a79 net charter 0 1000 245 244 245 .2 int Pulde r 6977 45 40 45 2 rank Oro 500 s5j, 20 trans 1331 1109 1176 11 14 l 1755.56 4-7.441758.791305 Slock sales Helgn Low . Me d 50 77 Iron Bay r 300 6v. Savrock 2000 192 188 18 2 40 u 5 5005 4948 9 1 Lam a 125 is a a and b chemo 1000 121 121 121 -4 Irwin t a 1100 395 390 390 Redstone 2000 49 49 49 t i to find 1139 111" 1136 to04 1435.50 1211 2000310 310 310 Chrysler 1888 Sim. M Island Tel z20 si5h 15. Reed Pap a 900 i sos los 9617 9498 9579 to 31 m Abacus 1420485 470 470 -15 chum b Jiso 1000 160 160 160 r 5th a 100 510 10. A March. 1k-" a Billil 17207 517 17 a Coch will 3680 58 57 2 Yaco a 100 12. Reichhold 2079 10 t a monday 286 k in Tom m Ackland 1600 is Cockfield 400 420 420 420 Jan Nock a 2990 521 20reich it 1251 54 4 4 1 comb 95 93 Indus 10656 trans trans t 1625.74 1640.76 1100 Acklund 2n 900 514 16 16 Cominto 549 531 31 Jin i Jan Nock 8 r90 514 -. 14 j 14. Reitman 500 f u 33 util 49 74 Fin 11 38 pipeline j444-41 .12.79 1507.12 1282 action try z200 96 94 96 Cominto a 2500 Tojo Jan Nock w 100 12 a res Servic 800 225 220 225 .5 noon Como 95 84 Indus 106 43 trans manage 1520.12 1151 1000 to con Iagas 1000 45 1 Norw lid 1000 33 33 33 f2 re Yelsik i5 59 9 9 Tull. 49.75 Fin. 11.36. -7 13 1747 83 1205 a Kaltchok 500 80 80 80 8 con Fardy 300 280 280 280 Kam Kotiza 3700 455 45o 450 is 1 11 Motl Trussl Albany 1500 55 55 55 c Durham 1000 113 113 113 Kaos Tran 1800 128 128 128 Rig How in 81v, Alt Energy 3305 s16v. C rambler 8700 170 165 170 to keen ind 2200 40 40 roman 1400 528 27 28-4 Montreal Slocker 11 . Indus. 1022.9 Gold 1303.4 is. Alta Gas a 2224 si4v, 144 con Teulle 300 330 330 330 Kelsey h 100 522 22 22 Rothman 5 520 change indices 1044.2 1754.4 paper 1294.2. Alta g 9.76 4590 527v, 27v, con do str 5075 si4j. 141, t a Kerr a a 5500 Sll i ii ii. Royal Bank 58861 536. 35. 36. A Niles ulily comp noon Gold Alta Nat 172 44 1 cons Gas 1750 i8 t Labatt a my 520. 20. Royal to a 200 518. 18 in change 1043.8 i752.b paper 1291.7. Alcan 1040 con Gas d 100 v. Lacana 1100 5russel h 164 512 2-32 to.97 to.67 alg Mast 2554 cop Fields 200335 335 .15 Laidlaw a 450 17. St Cem a 100 522 22 22 Fri 213.35 194.97 295.41 219.48 144.70 Dow Aii can 1800495 495 495 .5 Corby it 100575 25 25 l Shore 1149 255 255 255 Sandwell a 250510 10 10 or close212.81 193.42 293.09 211.51 144.03 Alla Cody Iso 33co Sekar 2900 554, Lau Fin 139 59. R. Sceptre 13400 17 7. We ago 210.40 189.81 286 04 215.32 141.15 Newyork api final Dow Jones 150 t Touryan 1000 12 12 12 -2 Leioba Insl 1200 57. Schneid p 6 i20sii. La a 11. Mph aoo202.56 184.48 294.39 710.32 145.34 erases am Bonza 2150 535 Craig it 3900 485 490 t20 leons frn 100 so i 14 Cintro 1boo 320 305 315 tvs 1978high open High Low close cd Ameagle 4300230 230 230 -1 Caln r l 500 511 ii 11 Linoria 100 7scot York 14200 56 -. 6 -. 6. 233.20197.01312.28228.01154.92 30 ind. 804.57 812.98 103.36 810.12 t3 am Educ 5500 76 26 24 Crest Bra 500 59. 9. 9. La Lac 500250 250 250 Scurry in 250524 24 26 1978 Low 162.70 135.94 22801 170.78 90.8s 20 trn. 212.94 215.48 211.77214.60 t2 Andres w a 1400 511. A Crown test 60 36 36 linings to 700 536 36 36 Seagram 2255 32. 32high 15 Ute. W.36 100.00 98.85 99.32-0 Anu Day 1000335 335 335 -5 Cuvier m 3100 36 24 36 1 of co a 100470 470 170 .5 Scio Cem 1000 9 185.72 172.47 249.41 187.99 114.67 65 st. 275.22 277.62 273.96 276.44 1 1 Anu Stalne 3400 211. Cyprus 6000 510 10 10 t i lob co b 1000 435 435 415 Selkirk a 300 16. 16. 1977 Low 157.48 131.74 209.20 165.02 8830 stocks volumes Indus. To Argosy 1000 20 20 20 4 res 5300 Al lob Ltd and 2bjsi8h 18 18. T Shaw Pine 500 59. 9-, 9. T 583.900 Ulilis. 273.900 65 st. Args260p 175 32d 10 g Lormel 2200 295 280 280 12 Shell can 5870 16 t monday Samera 11400 517. 171. 17. Dion Oey 1400 12. Web i 100 58 1 8 so Arlha 2200 58 7 h . Indus. 213.48 Tull. 195.35 Banks monday soc pore 1000130 175 130 .2 Daon a 900 m to 0 sick cons 1550 537-. 37. T 300.02 comp. 220.25 paper 145.34. 11 . Indus. 811. 76 trans. 214.94 u Alcoa 2345 517 i4u 17 Daon p 1300 58. 8. Misc 850 slow 10 10 Slayer we a 512 5888noorul w.56 comp. 277.16. By can 7954 519 -. 19. T n 1h7 107 mar a 7wi 576 74 76 a slav crowd b a 18. 8. Banister c 400 Denison 571. A i my lid 4290 22 -. Simpsons 48550 571. 7 i Bank by z90 371. 373.1 Dicknson 1700 5ja Magna a 100 544 44 44 a Simpsons 300 57. 7v. 12 is net n ban Keno 200 210 210 210 dome Pete 2473 582 bit. 87 t a my s 522 "2 s 7 l7 a Chnat 300 a explore 3000 20 20 20 Ertme Al a 200 s 2 12 12 500 15 1 1 5 t 5 a 5k n 5 Bare 2000 Donasco a 1053 t maritime 258 South a 200 s25j1 25. 25. Is is 1 j Baths sep 200 i4u Donasco b 150 s31v. 31v. Martim a p 500 s i 9. Spar Aero 200 588 b so c Perm in 900 58 8 b Batons 1000 Dom store 1432 14market f 400 555, Spooner 2500 50 50 50 6 frs flt 18i ,8, Fri f Bec kerb 350 Oom tar 4770522 mass Fer 9750511 Ste co a 2415 52727 27t to 7m we Bell Canad 7597 563-v, Utt t Dupont 100515 15 15 Mas f a 600 sub i Steep r 1000365 365 365 y Lambton 1125 43 43 43 to Tiv. Bell a or 200 63 i t dust Bane 500 59 9 9 Mas f b 1400518 in 18 slain by inc 100 20 sales to noon Bell apr 1000 63 Dalex l a 35800 513 13 Matomi a 6800 13l. Ster Trust 400 12bellcar Iso Dana mar 8900 150 145 149 t 6 Mcgroty h 200 57. Strathorn a 100 128 128 128 .3 As. Jess sri rom saints Bell 1.96 8800 527 East Mai 100 270 220 270 s Merland e 5400 t to z Jtj ajl Beth cop a 450 Feln Pray 1075 56v, 6v. 6v. V. My nil res 1640 190 189 189 5 Tara 100 512 i 12 12 j. Blot map 100 econ Iny 200 si7v. 17v, 17v, v. Mohat a 1300 s9v. V. Teck Cor a 300 59 9 9 Black a 500 514ego res 15450 in Molson a 540 Tel Edyne 200 57 7 7 1 1 Kornbr 100 Elm a 600 400 400 400. .10 Mil Trust 100 an 21 -. T to Salt 900 523. 23. In Iryll ass Fri Fiata Fol Vuci 1uui1 Price Bra Malca 100 513 13 13 Folbrg Nik a 730 Nal sea a Tor do by 88w 22 Rameda 500 143 143 143 1 Fidel Trp 400 Nal sea r 2424 15 is Tor Sun 200 _ bras Cana 10105 515 i 15. F City f it 300 375 375 Nal Trust 100 519 19 19 to sur b 400 1 j j Bre Jam 315 s12 i fooder p 1000 58v, 8 Nesco 3500 288 285 285 .2 total pet 14521 5171, 17 17 t 1 "1 to 1 it it it of it i a cup 100 si7v, Ford Coda 101 571 71 71 no Tel 325 522 22 22 toll Pel w 2300 58. B i . Ujj. J. Of. Vex soft is by phone 300 Francana 10800 510 910 n Goldyne 4000 12 12 12 t 1 traders a 1464 517 17 17 o bcph4.84 400 Fruehauf 200 9 n que Ragl 200135 135 135 .1 trader 69 w 200 475 475 Tnp Nettl Al from Linlan Ripert Roo Niar bcpio.i40 100 528. G m res 1175 360 355 355 n York Oil 1000 232 230 230 to c Glass 300 56 i 6. 6. Soronio up Al Itom unleaded regular. Brunsk 200 s i g of str a 700 57 7 7 null Dopa 1100 i7 l to can res 20900 185 180 in i .4 the Mph Canadian re Rivire Burns i32239 g do str w 1100 200 200 200 Noranda a 6720 3536 turns my a 4840 9 9 my ugly i 1vcts prices for gasoline v3r cd yachts l s 1 3 a. ,1. A g j1k k be t 5 paying higher from Region to Region by up fora is he Der usually unleaded Premium Ca 100542 42 62 go paper 450534 36 36 v. No oils i9oo swi cup v. A gasoline to gee me per Francis sell for two or thre calp7p 103go Fin 400 154 156 156 nor it 2sop 20 531 31 i Triec w 10000 2 2 2 Formant a Thev sex ducted 11 Cal p 2.36 100 s29v, Gongas a p Ico nor it 7855 200 Turbo cd a 200 Icv Cape Lucu cents Ganon Morg tha Cal p 230 5109 109 109 go West s 100 270 270 270 nor Tel 2600 535 35 35 Turbo cd b 1950 with regular unleaded f6w a Obilor Castio g West it 1250 is 55 55 North Gat 33200 7v, Ulster pet 6600 168 162 163 -2 nip nmn Laining to Offir Ial Nulf Daul regular. C Chub a 500 485 485 485 5 g Goose a 9 9 North old 10000 14 14 14 Unican s 600 300 300 300 c complaining 10 Oll Ciai can Cem a 1452 12 t Grey and 5 20v. 20v. No West a 1300 in Carold 60 broads Premium Gaso Unes 3r r jos104v. 104 104 Gulf can 7770 34v. Sumac 2500 5255, 25v, Ugas a 34600 0tt i ppr or tank nth a in Ca Maita 500 Gui Strem 43453 so 55 so 3 Dpi a 500 Sis i Ugas 600 25v. V. Most major gasoline re Higner octane and Man c nor West 3498 s10v. 10 10 Gustr r 2 t Oakwood p 5100 465 450 455 Union Oil 1200 a fining cars perform hot apr n spa Kroc miso s2h, 2n, h to l ocelot a u Canso lining and marketing com Pei Ira Seuer o is Pete 1600 56 k Sci hide Loo 8v, ocelot b i4v, in reel p 3000 la is is Danies have introduced in grades. Can Trust a z30 524 24 24 Halifax d 200330 330 330 orphan a 1100 5v, u Siscoe 24870 10. T i f in Ull c Trust 7 i 450 Clardee 500 77 77 77 Oshawa a 1700 s45. 65a t in tire a 200 231 231 231 i Mcadod Premium gasoline is following in Derzai cables a 600 i6 i hard Roa 500 295 295 295 5 Oxford a z30 15v. In bum i25 s17v. 17v. Run Lari their Loar Forf no cd ii r a j Concei 800 59 9 9 hard pc miso 265 265 265 .10 p to s us of 13000 195 195 195 a replacing their Leaden pre Lead. Shell Canada Ltd Mcmana 300 27. Harlequin 2000 Sis 14v, Pac pole 7880 560. 60 60 v5 Sery a 200 mum brands and the c01t1 set run in Anri hid Rogas 2000405 400 405 hat Leigh a 5040 6v. Page pet 7400 56 Verstl Cor 775 58. Oiiu3, ail Nic till 3uholo inc., 3no 1 6x3c c Hom std 38475 Lov. T i hat Leigh b 2441 Page Pel 7 look Shiv. V. Versti Cor p look my i4n names say most of the new Canada inc have Intro lib com 1480 530 29v, Hawker a 1100 n a Paloma p 261 54v, 6v. 1, Verstl c w 5700 210 200 200 s Cha Nora 400 551, ssi 5v, Hayes a z74 amour a 550 Vickers inc 449549 49 49 1 Grade is doing said to do cd unleaded Premium c Marconi i5 714 High Mont 1000 115 115 115 cancan p 3700 s38v, 38v, Vic g a 2500 17v, minors Wolfl Arp wit Rhino in Munct Traic c Merrill Iso 19v, a Holl Gera z44 39v, be Ben 0 1500215 205 705 10 voyager p 33158 23 23to a Wilri no Dre switch neg Gas in most Jan Nock a to share. From Montreal prices were broadly to Bank of Montreal higher in opening trading to Royal Bank on the Montreal Stock sex to Dom tar to change today. Noreen and Canada Cement la Ergy resources climbed 4 Farge a to air Canada details offer Montreal up air losses for each share of Canada will offer a curing Between june 1 and share to Norair share hold oct. 31. Ers under the takeover the amount of the and agreement Norair vice Justement to oct. 31 is president Jack Hughes said Hughes said Here. Air Canada will Send its a letter sent to share offer to Norair share hold a holders by Norair Friday ers nov. 30. Under the explained that the takeover agreement the was made up of the Basic offer is open for 35 Days or offer of a share plus until Jan. 4. The adjustment covering Hughes said profits were n whatever earnings or million or a _ share for the 10 months s Una in ending oct. 31, up from futures million or a share a n year earlier. Monday nov. 27, 1978. Jne increase in Eam. 1 Winnipeg Ings was due mainly to yesterday s lower depreciation Cost and High Low . Lonay or. I. Reduction in interest sex de 24400 24100 26100 26100 he said. My 27000 76800 76760 26800 Jav 24700 76760 of 26550 Oats de 8600 b5io 8440 produce 6 my 8110 8000 7980 8020 Fri Wal Mill in 1 m my 7970 7880 7840 7890 Crescent a Ruit co. Ltd. Jav 7610 7890 monday november 27, i Vece Labots 0 de 7660 cabbage new Texas 50 ibs. 1 6.50 s aah 7740 7690 7470 7490 radishes min. 34 of. Bao 5.25 my 7770 7470 7460 7670 tomatoes Cal. 6x6 30 . 12. 50 by 7710 7690 7690 7690 Green onions Cal. 1 2.35 c Ocdell p 200 28v, Home b 400 541v, 41v, Pembina 2700 7 a walk go a in a to 1 a Vlf Ftp Ltd 74135 s24v. H Bay co 3822 5221. Pennington 200 13v. T v. Weld Wod 400 s18v. In t 1 1 Ivi 1 can sup 13700 570 70 he 500 20 20 20 p Jewl a 4250 Wco Alvut 6000 512 i Piti 1 Inion can tire 214 husky Oil 850 43 43 p Jewl r 9400i a w pet a 0 500 t Voltl a Lull cent orca 1904 525 25 25 t a husky e w 300 Petrot Lna 238 520 20 20 coast t 300 11v, t Pottle re j c unties 140 si4i. I6v, i6v, v. Hydra sex too is 45 45 pesto oils 2400 is. B. Coast w 14025 281 280 280 Bailie receipts met a the estimated avers cull 6 or i5 572 72 72 inc 1880 i7s, t v. Pine Point 600 s23v. We steel 200 521mari Prarop to Nonh Rio Manh Vino to 1c Canara 300460 460 460 inc 4v, o so s7ov. 7ov. Place g 19100210 200 204 -4 West mine h00430 425 425 moderate to Good demand nog Price was lower Cande Loil 200 524 24v, _ Vitlin 500310 310 310 .5 Placer 700 s26v. Afield 111650 6 v. 3t the Winnipeg stockyards calves 00 a Canzona 850 27v. In into 7700 Plyser 840 525 526v, 26v. 26v. Westmill z300 88 88 b8 j a2 steers Oyer 1000 ibs. 561-544 i Cara 600 7 i Ilasco a 478 371i t Lex 1000 70 70 70 t 4 Weston 820 2pl v. Monday with generally sales to 544.30, under 1000 ibs. 54 Carl of 3994 445 440 440 Imp Oil a 7788 23va v. Pop shops 2100 400 400 400 whelp p a Iii ;