Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 13, 1981, Winnipeg, Manitoba 12 Winnipeg free press monday april 13. 1981 Montreal on the Rise again opening prices by Henry Giniger news service Montreal building cranes have begun to fill the Montreal Skyline again and with their return has come a new optimism about the future of French Canada s most important Urban Centre. After years of economic stagnation when those who manage the Economy of greater Montreal looked with envy at the develop ment of its great rival Toronto not Only Are there signs of revival but there appears to be a new determination to capture lost ground and rebuild the Region. You just have to walk around downtown Montreal to see that things Are picking said Arthur p. Earle president of the Montreal Board of Trade and a participant at a recent conference that sought ways to encourage More development. There Are construction cranes All Over the place. Two years ago there was t a single Crane up in this the upturn is evident in construction con tracts which have been Strong for two consecutive years. Last year building con tracts awarded in the Montreal Urban Community totalled s620.6 million up Only marginally Over 1979, but h per cent ahead of the anaemic 1978 level. Despite the improved building activity Montreal pales in comparison with to Ronto. Contract awards for the entire Montre and rivalry to agree on a program of con major corporations that have difficulty at jul Uraj Inch Rhino cd Kyurkc Rait. To i Al metropolitan area including suburbs out Side Montreal Island totalled billion last year about half the comparable billion figure for the Toronto metropolitan area. Holding its own but Earle is Quick to Point out that by and Large Montreal is holding its own or moving slightly ahead while the rest of the country with the exception of Western cities Riding the Energy Boom is construction in Montreal declined precipitously after a spurt in the Middle 1970s before the olympic games. The Advent of the parti tiie Benois to provincial Power in november 1976, was blamed by its critics for hastening Montreal s decline. Its Espousal of Independence rejected in a referendum last year introduced an element of political uncertainty. And its pro labor policies and its championing of French culture in a City where so much economic activity is run by English speaking people created dismay among business leaders. Some Large companies shifted All or part of their Headquarters to Toronto and cities further West. The new optimism and drive were exhibited at the three Day conference Here at which provincial officials leaders of Montreal and suburban cities and representatives of Busi Ness and labor overcame years of conflict up photo carted action to improve air and Mari time port facilities and to promote the Industrial tourist and service sectors of the Economy. Pierre Laurin director of the school of higher commercial studies one of Canada s leading business schools said there was now Little of the gloom that had prevailed at a conference on Montreal s future that his school had sponsored two years ago. French recognition there appears to be More acceptance now of Legal requirements that seek to give French speakers greater prominence and opportunities in business. With greater Confidence has come a burst of construction activity. Earle a senior vice president of the Mon Treal based Dominion textile inc., said area business leaders were very pleased with the meeting. Specific Steps were taken he said to resolve problems related to Montre Al s major port facilities and to sort out the future of its two major airports Dorval which handles Domestic traffic and Mirabel under utilized As the terminus of International flights. Steps also were taken to insure Montreal s future As a tourist City. The one vital area where Earle failed to see any real Progress Ai the Summit was tax Reform Long a sore spot with Toronto am. Stocks Sistru muted up ton who Slock apr. U of stat in cents unless Markuc s Lood it r fits. Ket Ninoe s from previous Board lot Sale. Net Stock sates Low . Choe a and b anti Prce 454 s27 27 27 Atton min Joo 4s6 Alnico e 3250 513 Albany in of 215 leaders is perhaps Best supported by the us s dramatic rebound of residential real estate trading executives to Montreal because of stiff Quebec income tax rates. Over All however Earle said there was a recognition that we Haw a City that s on the move again and that we can make it move even the optimism of Earle and other business prices in an affluent predominantly English speaking area of the City that suffered an exodus following the election of the parti quebecois government in 1976. Statistics supplied by the Montreal real estate Board indicate that the Price of Homes in Vav Simoum has More than doubled since the near panic Selling of four years ago to an average of about one of the most spectacular ideas at the meeting came from Montreal s 65 year old mayor Jean Drapeau who owes much of his Long and successful tenure Ai City Hall to his ability to conceive and bring off big scale projects. Drapeau who brought Bali 0 100 Canada s first International exposition to Bonanza w 1000 225 Montreal in 1967 and staged the olym Pic games Here in 1976, obtained Feder Al and provincial support for a study of a proposal to revive the flagging for tunes of the City s second Airport Mirabel by connecting it to new York by High Speed train. Algoma is am Paulc 1000 430 Andres w a 100 si5 oui tale 1200 450 Arbor c 100 460 Samera 1500 51? Asbestos 1150 5j8 Astral 2300 is at col 5500 5 Atco ii 2000 595 Atlas Yak 15700 162 160 Aid hard a 100 513 13 Bucan Bachelor Bank Mil Bank h s Bary exp Basic res Bah St p Baton b 1183 543 43 2200 480 254s 530 a 30 530 30 2000 149 145 300 10 Loo sir. N 100 5ie-. Bem Canad 7653 Sis Bell 1.60 350 517 Bell 2.05 1100 520 -. 20 Bern cop 500 3 Bigna tog 1400 48 options no game by Novice i 4600 Bow Vav r 11850 Brazlor res 1345 Bra scan a 3967 s3. Brei 35400 528 Bronco Bronco o a cup boric by phone 8cph p Bop 7 04 p Broil reel Brunsk cae cil cad Fri cad Fri a Cal pow a Cal p 9.80 Cal a 2.34 Cal p 1.40 Calvert Camlo Camp re Camp res can Cem chem 2p cd cd 1980 c nor West 2100 437 Canp ent 6725 527 c packs 50200 535 can Perm 1275 525 is Pete 630 511 can Trust 500 529 c Trust 500 522 c Curtis 100 111 cd by com by Lawrence Moule the Canadian press trading in Stock options is one of the fastest growing forms of investment in North America but it is not a game that novices should play experts in the Field say. You can turn a Little bit of Money into a lot if you Are Tom Merifield Market coordinator of the to Ronto Stock Exchange said. If you Are wrong you Are 100-per-cent wrong and you can lose your entire options markets Are relatively new having started in the United states in 1973 and Canada in 1975. There Are Only 10 options markets in the world and Canada has two of them at Toronto and Montreal. Although the value of options trading in Canada last year reached almost billion. Merifield said the Market has not reached its potential because Many people do not understand How options work. A Stock option is a contract to buy or sell a fixed number of shares at a stated Price during a specific time period. Each option usually covers 100 shares and like the Stock itself can be traded on the open Market through broker age firms. The brokers in turn work through a Clearing House trans Canada options inc., which is jointly owned by the Toronto and Montreal Stock exchanges and guarantees settlement of All option contracts. To understand what a is assume you own shares of a Stock on which options Are traded. Just any Stock will not do trans Canada options sets High eligibility requirements and at the moment Only 42 stocks Are listed for options trading at Toronto and 30 at Montreal. Of the total 22 stocks Are dual listed. You can increase the income from your Stock Over any dividend it pays you. By creating or writing a Call Carl Smith 61, sits in his solar powered vehicle at his Ajax ont., Plant. Smith says that on a cibc2.05p 1550 25 25. R 1600 534 23j. 23l c of Cental 500 7t Calm 20325 550 Cpl a p 175 Slih can tire a 253 534 34 34 c util 9.24 300 520 -. 20 -. Cutie 2nd d Ico 25 25 Canray 100 235 235 235 400 17v. 17s, i 1100 571, 7v, 1200 57 i 7. T 1215 6 m 1000 1sh 800 30 800 s12 i 12 Al 57-1 73-d 100 59 9 2333 45 44 1500 53424can Ron a Cara Cara a Carl of Carma a Carol in m celanese fund a Cherokee Chib Kay Shiehan d Chrysler Clarion Coho a pm Pix Cominto Cominto r ctr p com Rel 0 g 500 335 con Iagas 5co 315 con Batti a 331 s29-. 29 con Batty p 150 5141 c Durtham 1725 440 435 c Marben 5go 150 150 cons prof 28500 305 300 con do str 4350 s91? o control f 500 435 435 conveners 1200 u contest a 100 sb1 contest b -1900 s31-? 81 c Falcon c 20co 518 18 Pedro Petrof a i v Poltl teds 1c j phone i a tax of place to if r in org if -.-. Ger to 450 585s 8-t 200 to 1000 305 305 13.17 571 -3 71 7248 135 125 100 59-1 Nui is Froien Scarboro Scart Joro w Stotte Sceo Lre or Oseka r Oseka 7 p Costain Ltd Craiget Cutter m Cyprus Czar res 1400 700 s12 r25 s121 600 s Cut f solar powered car option on it which you sell to a buyer. The option gives the buyer the right to buy 100 shares of that Stock from you the writer at a fixed Price within three six or nine months. The fixed Price is determined by you but it must be within a Range of prices set by the Toronto or Montreal Stock Exchange based on the current Market Price of the Stock. Having determined what you want to sell you Call your broker who arranges for the option to be traded on the floor of the Stock Market. Buyer pays Premium the buyer through his broker pay s you a Price called the Premium for the option. The Premium is usually to 12 per cent of the Price of the underlying Stock. The buyer Hopes that the Market Price of the Stock will Rise above the fixed Price on the option before the option expires. If it does he can exercise his option compelling you to hand Over the 100 shares for the fixed Price. The buyer can then resell the shares at the higher Market Price for his profit. Sunny Day the Small three wheeled car can go on forever with the solar pane supplying enough Power to run the one third horsepower electric motor. On Cloudy Days six heavy duty batteries Supply the Halifax Battles Montreal to retain Container firm 1400 100 523 23 4200 13 d to g 100 513 13 1850 512 12 1200 115 115 3000 375 265 5200 205 201 940 50 j 2200 58 300 295 295 250 z80 513. 13 -. 900 Sll la a dome cd 49025 ii a dome mine 1580 sion100 dome Pete 22464 596 d Bride 200 s25 2i d Citrus 300 54 61 a explore 12200 205 200 Dom store z70 s23h 1450 536 s 34-a 800 5i5h is 3000 90 85 1200 215 210 200 535 -. 35- 100 512 1? 5500 110 410 410 Dato pet Daon div Dolour in de Tea Delhi Pac Delson Dick non b disco Vav Donasco a Donasco it Doman i Halifax up in a 200-year history that at times has been As bumpy As a ferry crossing on a Stormy Day the port of Halifax has shown an ability to Bounce Back from hard times. Today the Many Nova Scot ians who rely on the port for their livelihood Are hoping the port can do it again. Halifax is locked in a political and economic Battle with Montreal Over the or. As most often happens he can resell his option in the proposed move to the Quebec port by Market. Option prices fluctuate More widely in percent Dart Container lines Halifax s largest age terms than Stock prices so the buyer s margin of Container customer profit will be greater. Also he will pay less in brokerage Dart accounts for More than a Quad fees. But if the Price of the Stock Falls instead of rising the buyer will be left with a useless option. There will be no Point in exercising it because the fixed Price he will have to pay will be More than the Market Price. He will lose his entire investment unless he has Man aged to resell his option in the Market. But he will get Little value for that because options Are a wasting asset individual Nova officials that is. Their Market value declines As the expiry Date Point out. Approaches because there is less time for the Market value of the underlying Stock to Rise. Ter of the Container cargo moving through Here each year and its impending loss has brought out political fighters determined not to see the 000 tonnes of traffic go without a struggle. The stakes Are also High for Many one in every eight jobs in the Hali fax Dartmouth metropolitan area is a put option is the opposite of a Call option. It gives the generated from the port and one Dollar buyer the right to sell Stock to the writer. The writer in that Case does not own the Stock. But in seven of metro s household income is tied to the continued welfare of one of he is paid the Premium and in return agrees to buy the the worlds biggest natural Dee sea Stock from the option buyer at the fixed Price on expiry Date. The ports. Should Dan make Good its decision to the buyer of a put option May or May not own shares move its Canadian operations to Mon of the underlying Stock but he assumes that its Market Price might fall for example suppose the buyer obtains a put option on a Slock priced at a share and the Price subsequently drops on the Market to if the buyer owns the Stock to begin with he can exercise his option and sell the shares at to the writer recouping his Market loss on those shares. If the buyer does not own the Stock to begin Wilh he Treal despite a Roar from both provincial and local politicians the Gener Al feeling is the port will Bounce Back. Near new York Gary Blaikie executive director of the port commis Sion said in an interview the port s something Halifax will Al it South american countries Are entering containerization very rapidly As Are India and East he said recently. The Caribbean too has been coming along during the Blaikie said these countries and others will be increasing the size of their ships developing More efficient services and rationalizing their ports of Call. Given our proximity to new York Halifax will be one of the prime locations to be considered for Canadian even with the loss of Dart Halifax still has the credentials to impress prospective customers. In 1980 More than tonnes of cargo moved through the port More than two million tonnes of it in containers making it the eighth busiest Container facility in North America. It is second in East Ern Canada behind Montreal. The 2hectare Halter Ltd., Container pier on the City s Southend draws its business from six Container shipping lines including Dart whose vessels make almost 500 Calls annually. The pier is now embarking on a million upgrading program of its on Dock equipment and computer backed information system. One year to go As Well a second terminal located further inside the Harbor at Fairview Cove is within a year of commercial Drmic a dude pal Dun Raie Dupont a dust Dane Dana mar Earls la Echo b in epo res elks stors Emco in Rev res earn car a Flora Nik fathom on fed ind a fed ind r finning t of Iran Guidl f cry Fin pc tvs f mar fooder p Francana g m res Gal Taco r Galveston Gaz g distr a instar 2.35 Gec crude Gerin 1st p giant Yvo Gibraltar Gold tale a Godlund m 2000 177 Gracoma Ewo f g a steel a 3600 to. Gre Vanq c 400 275 275 a Revend z30 gear to p 100 515 15 guard Cap .50 513 13 Gull can 11340 525a. Gul Strem 1976 c Guist Rytir 15 13 h to l Petroleum and Gypsum exports a Sci has a 300 Sish is. Count for a Large portion of the port s Hames Jim 75 75 10 port officials see other types of traffic As a Way to fill the Gap caused by Dart s departure expected within a year. Poor harvests in Russia have forced the soviet Union to buy tonnes of flour this year from Canada most of which will move through Halifax be ginning this month. The flour order is expected to provide steady work for Halifax s 300 longshoremen during the next four months. A monthly shipment of flour to Cuba diverted to Saint John , while the russian order is being filled provides the port Here with continuous work. 1100 200 200 200 200 415 455 415 500 517 17 17 250 270 270 270 500 si6-h is16900 516. 16--s 16-. 21335114 113 113- 700 220 220 220 100 14 26300 42 10 225 520 20 70 too 180 175 1fo 300 522 ?2 22 d 4100 s7-. 7- 1500 280 280 280 75 5- 603 s24 24 1175 5-. I 5106 12 17 1? 1500 225 225 .-5? 56-., s to 517-. A. 563 63 63 100 42 42 zi6 435 435 435 200 5667 f 200 520 20. 2c400 Sil. 11 n 4300 514 ? 14- 14 171 171 cargo. Four Oil companies operate nine berths on the Harbor and Gypsum shipments have reached As High As two million tonnes from a Plant on the Dartmouth Side of the Harbor. Though the number of storage Sheds on the waterfront has declined in the last few years mainly due to age and the growth of the Halter operation those left still offer More than Square metres of warehouse space. In addition two cold storage Ware houses Are to be constructed on the waterfront this year the first such units located on the water s Edge. When completed the w million Sheds will be hard cup a 400 250 hard pc 420 har Leofi a 12656 s2s -. 26 Hatter Oil a 475 475 475 Hawker 850 k 76 " h 8av no 3pq 33 Kun h Bay co s25 25 25 h6 Oil Gas 3450 s25u 25. 25 hush a Oil 200 517 16-. I. He jew apr 120 s35-. To. J5- operation. When the to million opera Aole to handle everything from fro there is ask in buying put options too if the Price of the Stock uses to the put option will be unless to the i and Ham fax a proximity i0 new York com Lluc make of a h candidate for goods intended for the Canadian Market. Tion opens in april i9s2. The port s Container handling capacity will in crease 40 per cent. The Fairview facility whose opera tors Are already considering expansion has secured two new customers for Halifax a polish line and the other russian. Orange juice to fresh fish. Another plus for the port is the Auto port operation the largest vehicular transhipment facility in Canada located on the Dartmouth Side of the Harbor. The operation handles hundreds of vehicles coming into North America monthly. Inc o la into Ilasco d d to Oil a Imp Oil b i no Inola Indus i Inland Gas Inland g p enter Oto ism inter pipe Inverness Irwin Tov Pennock Jan Nock 8 Janol 7 Jorcie Ltd Soutel Kam Kotiza aos Tran 5670 200 7tj5 526 -. 125 s17- 100 518 100 730 s9n 4325 s181- 152 s71 1700 s15 100 s7 3soo 5100 515. 400 510 13nf 70 70 a Grain inspection i soc tic a i Iol 9 -. Keep note Kerr add la res a Labaul a Lacana Lont can Larder res 850 15 14660 123 257 121. 1700 100 55-. K 1 k 6-. 5 5 71 121 21 21 19 19 78 opening Dollar 100 Mohip Lal to demo Mondov Pound v w74. In new wrt1. Town Kex l u s toll str m Dufkis in morn i was Clown 1 3 Ico at 1u in ;