Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 27, 1981, Winnipeg, Manitoba One Stop shop Money system Winnipeg free press monday april 27, 1981 11 United states financial analysts fore see the Day when a consumer will be Able to Deal with one corporate giant to full his banking insurance investment and credit card needs. Two big strides in this direction were taken this month. The most recent was last week when american express co. Agreed to buy Shearson Loeb Rhoades inc., America s second largest Securi ties firm in a Stock Swap valued at million merger triggered by the earlier million takeover of Bache group inc. By Prudential insurance co. Of America. Analysts feel the two deals could fundamentally alter America s Finan Cial system by ushering in an Era of massive financial conglomerates. These new Wall Street Shock Waves have leaders expecting major changes in the offering of financial and invest ment services. One Stop financial shop Ping is one Mammoth step closer to reality with the proposed acquisitions of two of the securities Industry s Lar Gest firms by the number one ranked credit card and insurance companies in the . As Well a merger trend could Speed Auto nation of Stock Exchange trading and Knock Down barriers keeping Banks out of the securities Industry. Analysts expect other major companies soon will be compelled into similar link with major financial institutions. Donald b. Marron head of Paine Webber inc., says the Industry will be going from investment services which Are seasonably cyclical to More fundamental services like insurance and credit. We certainly Are going to look at these things. It would be imprudent if we did t. Marron s company already is 22 per cent owned by Ina corp. Of Philadel phia a financial services organization and As he says any intelligent person looking at the two recent acquisitions also has got to look carefully at the shape of the Industry and the role of his undoubtedly the competitive restructuring has insurers considering brokerage firm acquisitions More favourably. As one insurance executive pints out the investment firms offer insurers a distribution network As sub let prime office space Central location 215 Garry Street 6800 so. It. Will subdivide 944-0114 office Tower leasing of cur required monthly salary to be negotiated please Send resume to Box 2069 free press advertise your garage Sale in the free press classified columns and we guarantee it la be the Best Sale on the Block. Classified reaches people All Over the Community. Many of them Are anxious to Check out the bargains you la be offering. With Classi fied you can t go wrong. Free press classified 956-2330 Call receiver unable to Block Transfer by John Mcmanus Saunders aircraft corporation s receiver manager says he can do nothing to Block an application by air Park aviation Ltd., of Lac Dubonnet to take Over the commercial licenses of bankrupt St. Andrews airways even though the latter owes Saunders almost million. Air Park managed by Doug Eryou who was in charge of the Short lived Anisha Nenio Pima Agam Indian flying machine in 1977, and St. Andrews airways have asked the Canadian transport commission for Transfer of the Domestic and International charter licences of the Winnipeg company Ian Best of Price waterhouse receiver for Saunders which folded despite five years bankrolling by the provincial government said he filed a statement of claim late last year against St. Andrews and its owners for but he has no Legal Means of blocking Transfer of the licences. The statement of claim also names Chris Brotherston Ron Williams and Joe Mazur As each owing Mazur and Williams Are officers in the company that owns Ilford River ton airways of Winnipeg. Original statement of claim filed in april 1978, said the company principals were responsible for debts to Saunders dating Back to july 1977. The claim is in addition to the receiver said was owed on rental of an St-27 passenger aircraft Best said he has been unable to collect the Money and that the aircraft operated by St. Andrews were either leased or fully encumbered and could not be seized. Bell Canada notice of 24th dividend a quarterly dividend of fifty seven cents per preferred share of class c. Series a has been declared payable on july 2.1981 to holders of such preferred shares of record at the close of business on june 2.1981. G. Houle corporate Secretary Montreal april desc Bell Canada notice of 31st dividend a quarterly dividend of fifty six cents per preferred share of class a is has been declared payable on june 15.1981 to holders of such preferred shares of record at the close of business on May 15.1981. G. To Kiln corporate Secretary Montreal april Bell Bell what do the Winnipeg Arena old Market Square the Winnipeg stadium and Bill Brown s place have in common Capitol Concrete take a drive around the City and you la notice the foundations that Capitol Concrete has built since 1958. Capitol is a pacesetter in its Field with an innovative record in Industrial structural and architectural Concrete. We at Capitol Are firm believers in our motto to provide the finest Quality in workmanship and service to All our customers. We stand on our record of past achievements. No customer is too big or too Small our special residential division handles the smaller to interlocking Stone driveways or patios. The professional answer to All your Concrete needs. Call Capitol for your free written estimate 775-2439 mailing address 1246 Wolseley Avenue Winnipeg Well As a stable of financial products that include Money Market funds Mutual funds and Stock shelters. Wall Street journal april 22. Concrete Progress the fuel Price crunch in Petroleum products is being viewed As bad news for Asphalt and brighter Days for con Crete. Concrete is becoming a serious con tender in Saskatchewan s All weather Road building programs because of Asphalt Cost and availability. Asphalt shortages affected several Saskatchewan Road projects last summer and some companies bypassed bidding on major Manitoba projects because they could t guarantee delivery. Asphalt considered a Petroleum waste product will be carefully Exa mined by the Oil Industry As it reviews refinery practices and tries to produce More fuel per barrel of crude. Garth Sanders executive director of the Canadian Portland Cement association says these difficulties can Only improve the situation for Concrete As a competitive Road surfacing project but we would also like to think Concrete is a better Road material than is while Concrete surfacing costs exceed those of Asphalt Sanders Points out that Concrete outdistanced its rival because it s More durable and requires less maintenance. Manitoba business. Cheaper to buy inflation is fuelling the wildly Quick ening craze of Canadian corporate takeovers. It s a simple says Jack Mackenzie of Sci holdings Ltd., a Toronto investment firm which has consistently identified potential takeover targets bought an Early Posi Tion and later sold at a profit. In these inflationary it s far cheaper to buy than to build. Look at Abi Tibi. You could t even begin to replace its assets with the million it Cost the Reich Manns to buy the debate Over the question of whether the resulting concentration of wealth into fewer hands is Good for Canada obviously in t deterring shrewd investors with Access to Large pools of funds from combing around for As analysts Point out the current trend differs from the growth of conglomerates prior to 1978. Today companies can turn to after tax financing by issuing non taxable preferred shares or they can borrow great sums from Banks and pay Back the Money in inflated dollars. Thus some takeovers virtually finance themselves because of such accounting moves. As one invest ment dealer observes if it weren t for inflation Many of the acquisitions we re seeing today would t be possible or would be considered foolish invest Maclean s Magazine april 20. Sri Stock Exchange merger trend May radically alter Wall Street financial system. Good atmosphere the Canadian Market for air conditioning heating and ventilating equipment is obviously in a healthy atmosphere. The total Market for 1980 has been estimated at billion 16.1 per cent above the million in 1979. These totals Are calculated by add ing the value of imports to Canad an production and subtracting exports. Imports reached an estimated million in 1980 from million in 1975, while exports have More than doubled to million last year from the level five years ago. Canadian equipment production in Market research facts and trends Maclean Hunter research Bureau smaller increases . Consumer Price increases will moderate from 11.2 per cent Over the first three months of 1980 to 8.6 per cent in the final Quarter while growth in real disposable income will Rise to per cent from 1.7-per cent in the respective periods according to the april 10 Issue of the Morgan guaranty by Morgan guaranty Trust company of new York. The Trust firm s economists feel the current . Economic slowdown is Only Terry Horary. Their projected growth rates for the rest of 1980 Are iy2 per 1980 was an estimated Mil cent in the second Quarter 3.1 per cent lion per cent above the million in 1979, and expectations Are that shipments will increase another 11 per cent this year to billion. In the third and six per cent in the fourth. The Morgan guaranty Survey april. Compiled by Watty Dennison takeover rapped Calgary up a former chair Man of Canadian Fina Oil Ltd., fore runner of Petrosina Canada inc., says directors of the firm s belgian Parent company stand to make million As a result of the takeover of Petrosina Canada by Petro Canada Ltd. Trajan Nitescu of Calgary who re tired in 1966 As chairman and chief executive officer of Canadian Fina placed a full Page advertisement in Friday s edition of the Calgary her Ald. The advertisement which Cost outlines Nitescu s lifelong involvement with Petrosina s. A., criticizes the Sale of the Canadian company to the Federal Crown corporation and questions the Windfall profit the Parent company s directors stand to make. Copies of a Brief upon which the and is based have been sent to Petrosina can Ada and Petrosina s. A. Directors. The and follows distribution of a circular this week giving details of trading in Petro Fina Canada shares by 16 officers and directors of the Canadian under a Petrosina s. A. Bylaw direct and managers of the Bel Gian firm share four per cent of the company s annual unconsolidated prof its says the Nitescu and. The Sale of Petrosina Canada assets to Petro Canada not yet Complete will Cost Petro Canada billion or a share. Nitescu said the Deal financed by the Canadian taxpayer through a Federal tax on Petroleum products will have a spectacular effect on Petrosina s. A. Profits. In the and Nitescu urges Petrosina Canada directors to recommend that Petrosina s. A. Directors direct a portion of the Parent company s profits be granted to the members of Petrosina Canada As compensation for the fact that most of them will be obliged to work for Petro Canada against their Nitescu said in the and he owns Only 16q Petrosina Canada and an insignificant number of Petrosina s. A. Shares. Bell Canada notice of 19th dividend a quarterly dividend of forty five cents per preferred share of class a series of has been declared payable on july to holders of such preferred shares of record at the close of business on june 2, 1981. G. Houle corporate Secretary Montreal april Bell the new 1981 International Money source directories each 200 Page directory lists 200 of the top Money sources in the United states and Europe. Complete with full mailing address Telephone number and responsible officers. Or. 1 International Banks foreign. Or. 2 tax exempt funds Usa or. 3 investment services Usa or. 4 British Banks foreign or. 5 pension funds Usa or. 6 pension funds foreign or. 7 private foundation funds Usa or. 8 Union member Benefit fund Usa or. 9 pension funds participating in real estate or. 10 company employee Benefit funds Usa go direct each directory Calif residents add 6% sates mail your order today by category or phone toll free. Computer International services information 631 Wilshire blvd., suite 9362 Santa Monica Calif. 90401, Tel Eph. 213 822-9822 National 800-824-7888, Calif. Boo-842-777, Hawaii 800824-7919, Alaska 800-824-7919. Please ask for operator or 207. Master charge visa allow 2-3 weeks for delivery. For lease Sun Valley shopping Centre Gateway Sun Valley in East Kildonan. Units from 800 so. It. Rent includes ceiling lights floor co vering real estate taxes. Ken a. Crotch c.p.m., . Days 956-0460 evenings 889-6887 Aronovitch let sic umsted 956-0460 business Opportunity supermarket with own Butcher shop in High traffic area Thompson Manitoba Hub City of the North sales volume to per annul please Call 604 478-3424 or write 284 Belmont rd., Victoria . V9c 1b1. Conc show winners the Winnipeg chamber of Commerce business show at the Winnipeg convention Centre recently presented three special new product awards. Honoured for innovations in heat sensors word apr Oress ing and electronic information systems were ene corp Wang Canada and Manitoba Telephone system. National typewriter won Best Booth of the show honors White other special Booth awards went to con tour Alran and Dominion construction. In Canada and around the world out of town reservations. One local number. 943-0689 our . Affiliate is National car rental. In Europe. Africa and the Middle East it s european in the u.k., it s Godfrey Davis. Featuring the fuel efficient citation and other Fine cars. Canada Cement Lafarge Ltd. Announcement or. J. Alan Hemstock or. J. R. Maze. Vice president and general manager Canada Cement Lafarge Ltd. Announces the appointment of or. J. Alan Hemlock As manager of marketing Western Region which was effective december 1. 1980. Or. Hemstock was formerly executive vice president of Rich Vale Block and ready mix Divi Sion of Ca Farge Ltd., Toronto Ontario. Since joining the com Pany in 1958, or. Hemstock has had various marketing responsibilities prior to this appointment in Alberta and Ottar ;