Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 18, 1981, Winnipeg, Manitoba Winnipeg free press. Sana Day. April is. 1m81 13 new York increases the Stock Market posted its second consecutive gain in an Active pre holi Day session thursday. Several stocks spent thursday responding to individual corporate earn Ings reports which began reaching their quarterly flood stage. The Dow Jones average of 30 Indus trials coming off a 12.61-Point gain on wednesday added another 3.87 to 005.58. Volume totalled 52.95 million shares against 56.04 million wednesday. The strongest performer was Merck up 2% to the pharmaceutical company reported first Quarter earn Ings of a share against in the Rompa Rahle period last year Texas instruments by contrast was Down to after trading below Early in the session. The company came in with sharply lower quarterly profits. Analysts said the Market continued to Benefit from Hopes for some Progress in the Battle against inflation As exemplified by recent weakness in Oil prices. They also noted speculation that the recent upswing in interest rates might prove to be Only a temporary interruption of the decline that occurred earlier this year. Money Market Mutual funds mean while recorded their loth consecutive weekly increase in assets. But the gain to billion re ported by the investment company Institute was smaller than the increases chalked up in several recent weeks. The daily tally showed Mure than three gainers for every Twu blocks that lost ground and the Exchange s compos Ite Index Rose .30 of 77.76. 2700 260o 1soo 1400 2300 j200 Stock Exchange Index 16 2355.23 woo indices Down and tin Montreal Stock past tin ask both the Toronto Stock Exchange posted losses during Index showed a loss of 23.61 to finish at while tin Montreal Industrial Index dropped 3.26 to close at Montreal Index rises the Montreal Stock Exchange continued to climb thursday As heavy trading in the afternoon pushed up eight of the 11 Stock groups and raised the composite Index 2.75 to 370.30. A volume of shares passed hands compared with shares wednesday. Oils continued to Lead winners up 6.63 to 620.03. Industrials gained 3.50 to 396.27, Banks 1.94 to 407.90 and utilities 0.96 to 265.44, while papers lost 0.98 to 292.51. The Day s biggest gainers were dome Pete up to Westbourne Indus tries up 3 to s31, Noranda 2 -., to title 210 Walker Home up to mean 1 to s44 and Steinberg a. Up 1 to s3asbestos Rose 1 to with a volume of 200 shares traded. The most Active Industrial was co Niico rights up five cents to with a volume of shares exchanged. The most Active mine was United Asbestos up to with a volume of 2700 shares moved. Among oils Imperial a gained 3 4 to and Gulf to while total Petroleum lost l s to and Texaco h to the most Active juniors were Musca Cho. Off five rents to with a volume of 57.050 shares traded. Consolidated Copper lode unchanged at si.75 with a volume of 22.1110 shares moved and Bellechasse off 10 Cenis i 75 cents with a volume of share. Moved. Adrian special announcement Michael Bruneau Hans Talman Donna Ziesmer. Randy Currey Bob Moffatt Jim Defoort Lesley Hunt Peggy Culligan Chris Loscerbo Ken Burky Hugh Bergman Ralph Delaney Florence Don Arleigh Derrick Skinner Burns Gravenor Bergman Michael Bruneau president and Hans Talman vice president of Adrian Stevens realty take great pleasure in introducing the staff and sales personnel of the top residential sales office in Winnipeg. We feel we have the Best team of professional real estate salespeople and staff in Winnipeg. These dedicated and hard working individuals contributed to our record breaking sales volume in the month of March. We take this Opportunity to congratulate Toronto Market finishes sharply up the Toronto Stock Market rallied in late trading thursday to finish sharply higher largely on the expectations of lower interest rates later this year. Analysts also said that speculation of takeovers particularly involving Noranda mines Ltd. Of Toronto pushed metals stocks higher. There were rumours that Bra scan Ltd. Of Toronto is buying Noranda Stock to increase its voting position in Noranda and to pave the Way for a takeover bid. Pm trysts said. Noranda shares closed at up .1 share on the Day. The tse Index was up hi.09 Points or i l per cent to 2355.23. Nine of the 1stock groups in the my pursue Index advanced led by real estate and construction companies which gained Points 2.10 per in ill 10 Pindir mrs Lares com. Panties had the largest of the five de Clines dropping 134.34 Points or 4.7 per Tern to 27i5.s5. Volume of trading at the Elose 6.44 million shares compared with 6.63 million shares at the same time wednesday. The Ontario securities commission rescinded a 15-Day Case trading order Vancouver prices up prices were up a thursday in heavy trading on the Vancouver Slock Exchange. Volume at close was shares. Advances outnumbered declines 2b u 191 with 303 issues unchanged. . Resources led the industrials Down .02 on shares. Renn industries dropped .25 to on -i.soo. Pro flex was steady at .25 on -1.300 and k Cycle gained .10 to on fan industries ruse .20 to and Daon development advanced -8 10 s13 8. Imposed tuesday on Amman industries corp. Of Toronto an Auto Supply com Pany for failing to meet tiling require ments. The company has met the requirements. Trading resumed in Skye resources Ltd. Of Calgary which has indicated it will recommend its shareholders accept a takeover bid from Campbell resources inc., a Toronto holding com Pany. Trading also resumed in Camp Bell. Campbell was trading at si9.12 at he close Down and Skye at a share up trading resumed in Banister Continental Ltd. An Edmonton based hold ing company after a 10-Day halt. Ban ister said its . Pipeline division had incurred major losses on its Oregon pipeline Gas pipeline contract. Banister shares were trading at a share. Down trading resumed following a halt in Trimaco Ltd., Westbourne International industries Ltd. And United we Stoume industries Ltd. All of Calgary. Trimaco was trading at a share Down 31. Westbourne International a trading at a share up and United Westbourne at up Trimaco and Westbourne said exploratory discussions have taken place be tween them on a possible offer by Trimaco for Wes Bunie s shares. No offer has been made nor has any Deci Sion been made that an offer will be forthcoming they said. . At 19-week High my York a the . Dollar reached a 19-week High against the japanese yen in Tokyo and hit an All time High against the italian lira in european currency trading thursday. Although the . Currency Rose in Tokyo and Europe it ended the Day mixed in Light trading in new York. Gold prices Rose in the United states and abroad ending the Holiday shortened week at a Troy ounce in new York up from wednesday. In Tokyo where trading ends before it begins in Europe the Dollar climbed to 217.55 yen up from 216.40 wednesday and 214.55 last Friday. In Italy dealers said the Dollar climbed to lire in Early trading Between Banks before easing to a late Rale in Milan of 1.087.80 lire. Currency trading in new York was Light with the Dollar opening at lower Levels and then rising later in the Day. Dollar rates in Europe on thursday. Compared with rates wednesday included 2.1845 West German Marks up from 2.1715 1.9855 Swiss francs up from 1.9322 0.1725 French francs up from 5.1225 2.42875 dutch guilders up from 2.40425 and 1.087.80 italian lire up from the British Pound Cost thurs Day compared with wednesday. The Pound was More expensive in late new York trading thursday at compared with wednesday s s2.iol3. Dollar rates in new York late thurs Day compared with wednesday included 2.1873 West German Down from 2.1895 5.1650 French up from 5.1613 1.9957 Swiss francs. Down from 1.9970 217.20 japanese yen. Up from 216.88 and 1.1956 Canadian dollars Down from 1.1985. Gold closed in Zurich Al sub 1.50 a Troy ounce up from wednesday bin Down from la Friday. In London Gold closed Al an ounce up from wednesday bin Down from last Friday. In Light trading in new York Gold fur current ended the week Ai a Troy ounce at the commodity Exchange inc., up from wednes Day and a gain of an ounce from last Friday. In later new York trading Bullion was bid at s488 an ounce Ai Republic National Bank an increase of from wednesday and 50 cents from the end of last week at Republic National Bank. Prairies Ltd. Realtor or. Glenn Ponomarenko. Manager Winnipeg South Central Branch 1824 Franl is pleased 10 announce that Mary Lou Simpson has joined his real estate sales Mary Lou comes to Lepage with Over 7 years of successful expend once in residential sales. She in respected by he Many Cui Leanues clients and ten j Mem to Cali her ,1 he Icca de Al i his i i in Junu. .189 Mary Lou Simpson West fair foods Ltd or. W. C. Gardner or. S. Simon Heisman Welshair foods lid. Is pleased to announce the election of or. W. C. Gardner and or. S. Simon Reisman to the Board of directors. Or. Gardner is a senior partner of Pitblado Hoskin barristers and solicitors of Winnipeg Manitoba. Or. Reisman is chairman Reisman Grandy limited Ottawa Ontario. I tech soars on Wall Street new York a with All the contortions the Stock Market has gone through so far in 1981, High technology remains a magic phrase on Wall Street. In the late 1970s and 1980, Many i tech issues soured. Joining Energy stocks As the leaders of a powerful Bull Market. Since new years the Energy stocks have turned abruptly lower and some of the big name technology issues have taken their lumps As Well. International business machines for example traded below in this week for the first time since last summer Texas instruments the Dallas based producer of semiconductors microprocessors and other electronic equip Mem and products sold late in the week around is 18, Down from an All time High of in the waning Days of last year. But the list of stocks with the highest Price earnings ratios on the new York Stock Exchange still bristles with High technology names worthy of a science fiction novel computer vision. Prime computer tym share data print. Analog de vices Spectra physics and More. Kidder. Peabody co. The brokerage firm that compiles the list monthly noted that its March tally of the top 50 showed 22 technology stocks up from 20 the month before. The representation of the next biggest group Energy fell to 12 from 15 in february. Price earnings ratios which Are calculated by dividing the Price of a Given Stock by the company s most recent annual earnings per share Are considered a sensitive measure of investors expectations. The Dow Jones average of 30 industrials which Rose 5.31 to in the four Day trading week ended thursday lately has been carrying a modest Price earnings ratio of atom eight. Pioneer life announcement i Dan Heid Ehredt East Manitoba marketing manager for Pioneer life Assurance company is pleased to announce the appointment of Vida Daviss of Winnipeg As a District manager with Pioneer life. Mrs. Daviss joined Pioneer life in 1976 and has proven to he one of the company s top marketing representatives. Mrs. Daviss May be contacted at 253-0188. Pioneer life Assurance company is a wholly owned subsidiary of Canadian Pioneer management Ltd. Operating in Manitoba Saskatchewan Alberta and British Columbia with its head office in Regina Saskatchewan. Pioneer life Assurance company Harjd office . Box 31-15 Regina Saskatchewan s4p 3g7 family store available in Winnipeg established record a dra if you Are interested in becoming a Hickory former Contact director o franchising s development Hickory farms of Canada f 2nd Avenue South Saskatoon. Saskatchewan s7k 1k9 Telephone 306 244-7255 Mackie travel from . Plus airfare downtown d4m388 285 Garry Street Broadway 957 Iso 100-310 Broadway Avenue fort Garry 269-4173 University Centre bldg u o St. 775-8821 105-1500 Dublin Portage la Praria 2450 Saskatchewan at w 2041239-6401 ;