Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 28, 1980, Winnipeg, Manitoba Id free january business news Madhouse Market catches the sucker Welcome to the bid you buy Gold Tor around Canadian per ounce a few Days ago and then watch it free fall to before relenting and rising to in some markets maybe you saw your ounce of Silver skid to or those shares of United Keno Hill go Over the Cliff from to the ebb and flow of the metals craze belted dozens of Texas Gulf Stock went rapidly from to Inco from to Noranda mines from to Campbell red Lake from to Wrig thar Greaves from to More quickly than brokers could get out buyers confirmation what a difference 72 hours can make there were later Price recoveries but the Zigzag left behind Many worried some of whom had made the wrong move at the wrong that the Way Metal markets and stocks have been instead of fractional moves Day by prices swung suddenly by 10 or 20 per that typical of a highly speculative Market trying to respond to global events of undoubted military and diplomatic importance but of clouded Lon term moods change from minute to both concerning the background news and what Market prices should one thing is 99 per cent certain just As what shoots up must come those prices which collapse must go but when your Money is you want to know when Andy How which is precisely what no one can Tell this Madhouse should remind us of other the first is that it int telling us anything new about the Canadian econ slow growth we continue to March into slow growth and 10 per cent with a receding possibility of any big reduction in High borrowing corporate profits will slow Down this year after reports for last year will show earnings look at Alcan aluminium with a stupendous 1979 profit equal to about million one of the largest Ever shown by a Canadian that despite a strike at its important Quebec most companies Are in Good jiggling their share prices Doest change truism 2 is that you should Ever ignore Short term Price changes when investing for the Long dont let any one tempt you to believe suppose you had been looking at Al cans shares in you wanted an investment which might be Worth hold ing for if you had mistakenly that this meant you could ignore the Purchase you might have paid per share in if youd been shrewder in timing your Pur you might have paid in the same at youd be showing a 58 per cent profit this at the profit on paper would be 215 per that the difference Between a medi Ocre investment Over six years and a great a 58 per cent gain in Alcan matches almost exactly the risen the Jack Mcarthur consumer Price it Means your investment has just balanced the deterioration in the purchasing Power of the the Only real gain is what you got in but a 215 per cent gain in the same Alcan shares Means the real value of your saved Money has beaten inflation All Short run timing is essential in Lon term investing any other truism 3 concerns the Way in which Many investors they be come excited Only after a Price has risen a Long there hearing stories about the fellow who tripled his Money in Gold in less than a that when they the inevitable downward Price correction soon a they become discouraged Easi finally they sell often just before the they buy High and sell others count on this As a common they try to do the opposite buying from the discouraged at Low prices and Selling it Back to them at High ones when the next wave of greedy hysteria Rolls theres another recognizable there constantly tempted to buy but a psychological Block when it comes to Selling if prices Are rising and Treyve got a Nice they cant Bear the thought of Selling when still More profit might be prices Treyve still got the whole then they cant Bear the thought of Selling until they get their Money Back or at least some of these people Are locked Frozen into they sell Only when they need Cash for some other this Means their timing probably will be since its dictated by developments outside the you can see that some people Arent competent to be investors in anything where Price changes May be big and Uoo nto Star higher protein Good news for Grain income by Jack Francis an encouraging return to protein near the Lon term average of per cent in the Prairie wheat crop is noted by Canadian Grain commis Sion research Laboratory director Keith an analysis of samples from More than a thousand Points across the West indicates the 1979 wheat crop averaged per cent that a significant improvement Over the last four years when the average protein Content ranged from per cent in in in 77 and 13 per cent in tipples said yesterday in an the Peak protein occurred in the late 1950s and Early when the average was consistently More than 14 per reaching in in the late 1960s it slipped a bit but was still High at Grain commission statistics the higher protein earns a so the uptrend in Content of the Western wheat crop is Good news for Grain he it is especially encouraging that the top Grade milling 1 Canad an Western red is at a fairly healthy average level of per cent protein he it Means the Canadian wheat Board will have no problem in supplying enough of the wheat most in demand in Canadas two main Quality Grain markets Japan and the United these two buyers take Large amounts of 1cwrs wheat with blended aver age per cent a shift to the West in higher average protein Content noted in recent years showed up again in Saskatchewan used to be consistently the but in 1978 for the first time was third of the three Prairie and is again this year tipples Alberta was tops last year with a Manitoba second with and Saskatchewan averaged per based on the Laboratory samples test it May indicate Alberta Farmers Are using More nitrogen but there Are other including Cli crop soil and even timing of rainfall can have consid Erable he on an individual area Saskatchewan still scored with the Only samples going Over 18 per cent no Saskatchewan sampling districts averaged More than per while Alberta had nine and Manitoba one averaging around 15 per Manitoba top protein area was in the extreme Southwest very Little of Manitoba Grain lands yielded below 13 per cent last with some 12 to in the Interlake and just West of the Saskatchewan had most of the 12 to per cent protein areas and both Alberta and Saskatchewan had some below 12 per cent showing up in the More Northern cropping especially the peace River recall for 350 workers International Harvester has recalled 350 of 900 workers Laid off at its local truck Plant 7 because of a parts shortage caused by a strike at internationals United states the company said Here the due Back will be producing about 60 trucks a Normal production is a maximum of internationals plants have been closed since no negotiations to Settle the dispute Are Bell Canada notice of 19th dividend a quarterly dividend of fifty seven cents per preferred share of class series has bean declared payable on april 980 to holders of such preferred shares of record at the close of business on february corporate Secretary january Bell Bell Canada notice of 14th dividend a quarterly dividend of fort five cents per preferred share of class series has been declared payable on april to holders of such preferred shares of record at the close of business on february corporate Secretary january Ball Bell Canada notice of 26th dividend a quarterly dividend of fifty six cents per preferred share of class series has been declared payable on March 1 to holders of such preferred shares of record at the close of business on february Moore corporate Secretary january r f Bell Oil for a dime Bill a Calgary will sell you a litre of Oil for a dime but not just any it has to be an old one with High Silver Odenbach is using the sales gimmick to collect Silver coins and get rid of a big inventory of car t Boycott the election not the olympics by Dian Cohen if i were i Boycott the Moscow id Boycott the Ca Nadian elections on am Sim ply not prepared to voluntarily commit myself to what is rapidly becoming the National funny the choices before the Canadian electorate Are Are Dis Tressing because this time As never the economic issues Are blurred by our feelings about the personalities of Pierre Trudeau and Joe they Are further blurred by the inexperienced Choppy performance of the conservatives during their Brief stay in economic basics Clear the economic basics Are fairly the Canadian quite is almost indescribably screwed we Are producing less and paying ourselves More to do we Are spending so much More than we Are producing that we have to borrow foreigners savings to pay for we borrow More in absolute terms than any other country in the we have the highest ratio of International debt compared to our productive capability than any other country in the we continue to pretend that the pain Ful devaluation of the Canadian Dollar has made us More internationally com although the numbers show that our Export markets for everything except raw materials has All but dried Redpath industries March record analysis our Energy pricing policy has produced such a Gap Between Canadian and world Oil prices that it has passed out of the world of the same and into the realm of the Given these the Choice Cana Dian voters should be Able to concen trate on is which political party will tackle these problems most humanely and efficiently the Liberal party does not have a Clear set of it is unclear How they intend to Deal with the government they have not spoken about How they intend to reduce our massive dependence on external on Oil they say they will raise the Price of but they do not say by How since they vigorously opposed the conservatives 18centsa gallon excise the implication is that it would be less than yet the Oil pricing subsidy to the Eastern half of Canada is one of the biggest factors in maintaining a billion budgetary the nip has a Clear strategy which is based on economic the growth will be fostered by lower inter est a lower value of the Canadian and a continuation of the two Price Oil pricing there Are a few problems with this which makes the nip platform one problem is dealing with the debt we have incurred and to ser How do they Deal with billion of debt which costs billion a year in interest costs another problem is How do they Deal with the inflation that would result from either reducing interest rates or allowing the Canadian Dollar to drop there Are possible but the nip has not articulated the if they have Learned the lesson that they must be have a discernible set of policy they will Deal with the government deficit and Oil prices in one raise the Price of and a substantial part of the continuing deficit problem they have dealt with controlling future government spending nor have they adequately dealt with the problem of the external horrendous problems if this election is to make any sense at we must Force the politicians to say exactly what their approach is to the most horrendous economic problems Canada has faced since the at this precise strictly on economic the conservative platform conies first in my scheme of the nip the Liberal a very poor i wonder on what basis the Gallup poll got it the other Way Dian Cohen is a syndicated economic construction is pleased to announce that As of december 1979 it is no longer associated with mama inti timid our new office and Yard Loca Tion As of february 1980 will be mile West of 7 on the North perimeter president vice president j now Casino retail space at lot the and the location for you Sargent Arlington t tastefully finished in Cedar Brick located on two major rattle arteries in the Centre of a densely populated area designed 9 any re Tail or office business speak French by april teach you any language in less time than you thought you Start with simple with real dialogue soon the atmosphere is grammar drills or competitive so enrol now for a new co Perutz years 1678 translation and interpretation private and total also registered retirement savings plans tax savings and retirement income in one package three plans to choose from Ettl Ramont savings plan interest calculated on the daily balance no Lockin fund term ratio Ament savings plan term one to five years no fees plan mixed investments available All government returns and statements prepared for you come in and talk to one of our Friendly staff about retirement savings before february bonded agents throughout Manitoba Winnipeg Branch 234 Portage Avenue phone 9479631 real estate investment Opportunity some units certified for capital Cost allowance purposes class 31 following an enthusiastic response to real estate made available in Canada mortgage and housing corporation now offers a second selection of real estate packages which will be sold separately or in these apartment units arid projects Are located in principal cities and towns of Ontario and persons or companies wishing to be eligible to make proposals for Purchase should Send a letter of qualification reflecting the history of the organization financial management marketing ability and rental housing experience together with supporting documents such As annual financial Euprea cuorts of with Complete accompanying documentation of should be received no later than february at the address below Mark voting division Canada mortgage and housing corporation 3350 Marille Road town of mount Royal h4l4x5 Telephone 514 3416060 a number of respondents will then be selected and supplied details of the projects in order to prepare detailed proposals in morttt909 soc writ and housing Corpora on Togtman re ;