Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 18, 1981, Winnipeg, Manitoba New increases the Slock 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 comparable 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 15th 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 More than three gainers for every two stocks that lost ground and the Exchange s compos Ite Index Rose .30 to 77.76. I 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 Noranda to title 2 to Walker Home up iy4 to Alcan 1 to and Steinberg a up 1 to Milan special announcement 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 Winnipeg free press saturday april 18, 1981 13 Toronto Market finishes sharply indices Down both the Toronto Stock Exchange and the Montreal Stock Exchange posted losses during the past week. The tse 300 Index showed a loss of 23.61 to finish at 2355.23 while the Montreal Industrial Index dropped 3.26 to close at 396.27. Montreal Index rises Asbestos Rose 1 to with a volume of 200 shares traded. The most Active Industrial was co Minco 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 to and Gulf to while total Petroleum lost to and Texaco to the most Active juniors were Musco Cho off five cents to with a volume of shares traded consolidated Copper lode unchanged at with a volume of shares moved and Bellechasse off 10 cents to 75 cents with a volume of shares moved. 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 analysts said. Noranda shares closed at up a share on the Day. The tse Index was up 16.09 Points or 0.69 per cent to 2355.23. Nine of the 14 Stock groups on the composite Index advanced led by real estate and construction companies which gained 165.66 Points or 2.10 per cent to 8046.56. Paper and Forest companies had the largest of the five de Clines dropping 134.34 Points or 4.71 per cent to 2715.85. Volume of trading at the close was 6.44 million shares compared with 6.63 million shares at the same time wednesday. Prices up prices were up thursday in heavy trading on the Van Couver Stock Exchange. Vol ume at close was shares. Advances outnumbered declines 260 to 191 with 303 issues unchanged. . Resources led the industrials Down .02 to on shares. Renn Indus tries dropped .25 to on flex was steady at .25 on and k Cycle gained .10 to on Taro industries Rose .20 to and Daon development advanced to a. E. Lepage Prairies Ltd. Realtor the Ontario securities commission rescinded a 15-Day Case trading order imposed tuesday on Amman industries corp. Of Toronto an Auto Supply com Pany for failing in meet filing 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 at the 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 Westbourne industries Ltd., All of Calgary. Trimaco was trading at a share Down Westbourne International was 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 Westbourne s shares. No offer has been made nor has any Deci Sion been made that an offer will be forthcoming they said. . Up in Europe new 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 rate in Milan of 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 1.9822 5.1725 French francs up from 5.1225 2.42875 dutch guilders up from 2.40425 and italian lire up from in Light trading in new York Gold for current delivery ended the week at 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 an ounce at Republic National Bank an increase of from wednesday and 50 cents from the end of last week at Republic National Bank. Or. Glenn Ponomarenko. Manager. Winnipeg South Central Branch 1824 grand is pleased to announce thai Mary Lou Simpson has joined his real estate sales team. Mary Lou comes to Letago with Over 7 years of successful experience in residential sales. She is respected by tier Many col leagues clients and friends and invites them to Call her at her new office 284-9500 located at the Corner of Grant Avenue a Centen Nial Street her residence 489 6832 or leave a message with her 24 hour paging service at 775 8583 code 108. A. E. Lerags has 5300 employees in More than 200 offices and in Canada and abroad. Mary Lou Simpson West fair foods Ltd. Or. W. C. Gardner or. S. Simon Reisman West fair foods Ltd. 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 soared 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 equipment and products sold late in the week around 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 Dat Point 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 about eight. Evelyn Feit of Kidder Peabody s investment policy group turned up some interesting findings when she looked at the regional distribution of the top 50 companies. The smaller new generation companies that increasingly populate the top 50 list Are heavily clustered in the favored Sun Belt she pointed out. Pioneer life announcement Dan Heidebrecht Vida Daviss Dan Heidebrecht East Manitoba marketing manager for Pioneer life Assurance company is pleased to announce the appointment of Vida Davis of Winnipeg As a District manager with Pioneer life. Mrs. Daviss joined Pioneer life in 1976 and has proven to be one of the company s top marketing representatives. Mrs. Daviss May be contacted at 253-0-188. 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 come my head office . 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