Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 20, 1981, Winnipeg, Manitoba 14 Winnipeg free press. Saturday. June 20.1981 farm machine maker Market update draws world interest by Chris Smith a Winnipeg manufacturer of experimental farm equipment has received inquiries from several International Trade organizations including the United nations. And the owner of the North end machine shop said he May travel to a conference in Mexico in november to promote the unique hand pushed seeder and other equipment designed and produced Here. Fred Miller president of mechanical welding co., said the Canadian inter National development Agency Supply and services Canada the unit 5 de nations Supply and services Divi Sion and the Federal Export Supply commission a government body set up to promote the Export of Canadian goods and services have All contacted him. He will Register the company and the special line of experimental equipment it makes with those agencies who will then match the company to requests from companies or countries looking for such equipment. Miller said the company has also received a number of inquiries from Grain companies across the country that Are interested in equipment such As Barley de owners and aspirator made by mechanical. It s starting to come Miller said in an interview. It takes a while but people Are knocking on our the Winnipeg company has been marketing the seeders for about a year now and experimental farm machinery accounts for 20 to 25 per cent of business Miller said in an earlier in business Ter View. Mechanical is the Only Canadian manufacturer of experimental farm machinery and one of Only 10 such manufacturers in the world Miller said. The company s special seeder de signed to be used i experimental Agri cultural work is in use in underdeveloped countries in Africa and South America. No one else in the world makes this Type of hand pushed Miller has said. Stronger varieties most customers Are University Field stations trying to develop stronger varieties and better yields of Cereal crops. Mechanical is now designing a hand pushed seeder for Small Farmers in undeveloped nations where the simpler a piece of equipment is the better. The hand pushed Cone seeders produced at mechanical s Alexander ave nue machine shop Are needed because the technology to repair complicated motorized equipment is not available in the Remote regions of undeveloped countries Miller says. He attended a conference in Holland last summer on Field experiments mainly to see if we were on the right track to see if we should go to a self propelled seeder. But no the third world countries Don t want Miller said because they do not have the technology to repair sophisticated equipment. Human Power is their natural Reo Miller said he still has the display he prepared for that Holland conference and he will use it again if he attends the Mexico conference in november. He received a letter from Cida yesterday morning asking if he wanted to attend and said he will give it some thought. Cida apparently helps with expenses in an attempt to promote Canadian goods Miller said. If he goes it will Likely just be with the display and no equipment because shipping costs Are so High he paid to ship a Cone seeder to the Holland conference. Markets unsteady the Toronto Stock Exchange 300 Index was Down during the past week while the Montreal Industrial Index was up. The tse 300 fell 13.34 Points to close the week at 2350.61, while the Montreal Index gained 2.66 to close at 404.45. New York indecisive Economy forecasting today can be a very risky business a week ago the Toronto Globe and mail ran a headline report in the Busi Ness Section. The headline said More pronounced slowdown foreseen. On the very same Day the financial times of Canada ran a headline Story on the front Page. It said growth estimates up sharply. Such is the nature of economic fore casting today. Both sets of economists Are presumably looking at the same numbers. On the pronounced slow Down Side economists cite the fact that Over All demand for goods and services is slipping and that sectors that Are sensitive to changes in interest rates like consumer credit housing and Small business investment Are All being Hurt if not killed. Fewer goods this group of forecasters says the Economy produced fewer than one per cent More goods and services in the first three months of this year com pared with last year and will produce Only half that much in each of the next three quarters. If they Are right the Economy will grow by about two per cent in 1981, recording for the seventh consecutive year the reflection of an Economy that has failed to live up to the potential growth it can achieve. On the growth up sharply Side economists who look at the same num Bers say that in the first three months of the year we produced almost two Dian Cohen per cent More goods and services and that while the Economy will weaken Over the next three quarters we will nevertheless live up to our minimal potential and grow by four per cent this year. The official numbers that is the first Quarter National accounts which represent statistics Canada s Effort at discovering exactly what the Economy has done in the first three months of the year not be available for an other 10 Days or two weeks. But unhappily they will not definitively Indi Cate which Side is right. Statistics Canada has had increasing difficulty Over the last few years producing numbers which Don t have to be significantly revised after they have been published. Part of the difficulty lies within the statistics organization itself part of it lies with the economics profession an Over All framework within which to put the numbers economists Are having a really hard time saying what the num Bers really mean. One organization which Over the last several years has had less trouble than most making sense out of chaos is the . Howe research Institute. The Howe Institute has existed longer than its name the private planning association was born i the late 50s As an Independent economic research organization devoted to objective non vested interest commentary on issues of vital economic interest. In the Early 1970s, it was a recipient of the memorial fund set up after the death of . Howe and became the . Howe research Institute. Almost coincident with the name change Fri was headed up by a dynamic outspoken and extremely articulate Young economist named Carl Beigie. Beigie surrounded himself with some of the brightest economists in the country and Between them All produced some of the most relevant readable timely and objective commentaries this coun try has Ever seen. Creative colleague Beigie is now leaving the Institute for the University of Toronto to lecture for a year on Canada a. S. Relations. One of his most creative colleagues Wendy Dobson has been named the new executive director. Dobson s style is less bombastic than Beigie a but what she says is every bit As relevant readable and timely. Considering the mass confusion apparent in the forecasting and interpreting Busi Ness it should continue to be a pleasure to see the Howe Institute s reasoned approach to economic challenges. Energy issues provided one of the few Bright spots As the Stock Market drifted through an indecisive session yesterday. Analysts said the upswing in interest rates that began on wednesday kept traders in a cautious mood. The Dow Jones average of 30 Indus trials edged out a 1.04 gain to 996.19, trimming its loss for the week to 10.09. Volume slowed to 46.43 million shares from 48.40 million thursday. The Rise in Money Market interest rates wednesday and thursday prompted some increases in Bank lend ing rates during the Day. Several Banks increased their Bro Ker loan charges and new York s Bankers Trust and Marine Midland raised their prime lending rates to 20 per cent from 19% per cent joining other Large Banks at that level. The Short term Money and Bond markets however generally stabilized. After the close the . Federal Reserve Board s weekly statistics showed a modest increase in the Basic measure of the Money Supply. Among Oil stocks Exxon Rose to Standard Oil of Indiana to Standard Oil of California 1 to Mobil to Getty 234 to and Superior Oil to the wave of buying in the stocks late in the session marked a replay of wednesday s trading when the de pressed group attracted buyers and helped the Market stage a Short rally. . Macdonald which agreed to be acquired by the privately held Carlson cos. Of Minneapolis for a share jumped 2% to the company s Stock traded As High As in the mid-1960s, when it was known primarily for its plaid trading Stamps. In 1980, it derived 73 per cent of its revenues from operations in the sales incentive business running Industrial motivational programs. Bayuk cigars Rose 1 to the company said it received a tentative offer for All the assets involved in its Cigar business. Associated dry goods which Esti mated lower per share earnings for the year dropped 1% to associated s stable of stores includes such operations As lord and Taylor Stix Baer and Fuller . Robinson and the recently acquired Caldor discount Chain. The daily tally on the nose showed about eight losers for every seven stocks that lost ground. The Exchange s composite Index Rose .35 to 76.75. Standard and poor s Index of 400 industrials picked up .82 to 140.46 and s and p s 500-Stock composite Index added .63 to 132.27. Among Canadian issues Seagram co. Gained Canadian Pacific to and Hiram Walker resources to Mclntyre mines lost 1 to dome mines to and Gen Star to dividends consolidated Bathurst inc., six per cent pfd., 38 cents aug. 1, record july Dupont Canada inc., class a series one 25 cents july 31, record july 2. Keep rite inc., 22 cents aug. 31, rec Ord aug. 14. Labatt John Ltd., classes a and a 33 cents july 15, record july 9. Reynolds aluminium co. Of Canada Ltd., 4% per cent pfd., aug. 1, record july 1. Vancouver decreases prices were Down in heavy trading yesterday on the Vancouver Stock Exchange which recorded a volume of 367 shares. Of issues traded 280 declined 200 advanced and 290 were unchanged. . Resources led Industrial issues and dropped .05 to on shares Anthes fell .15 to on great National land slipped .05 to on and York Centre gained .35 to on slumber Lodge develop ments Rose .05 to and Gregory industries was unchanged at on the resource Exchange International Shasta climbed .05 to on shares general Energy jumped .1750 to on and App Ian Energy units fell .01 to .57 on Zenore resources gained .15 to on Gowganda Silver Rose .15 to and pryme Energy slipped .20 to totem industries led the develop ment listings on a Trade of shares and was off .05 at .75, Mackenzie Energy dropped .30 to on Alice Lake mines fell .16 to on blacklist resources slipped .03 to on mahogany mining gained .25 to and Kennedy re sources jumped .15 to Toronto unsteady the Toronto Stock Market closed the week on a mixed note yesterday still unsettled Over prospects of continued High interest rates. The tse 300 Index recovered from a weak Start to finish with a gain of 5.02 Points to 2330.61 but losing issues maintained a Day Long Lead Over the gainers for the sixth successive session. Seven of the 14 Stock groups in the composite Index advanced led by Oil and Gas which gained 35.13 Points or .71 per cent to 4959.66. Real estate and construction had the largest of the seven declines Down 72.28 Points or .78 per cent to.9220.82. One analyst said that while the up swing in Short term interest rates this week appears to be temporary investors Are waiting for firm sign that rates Are moving into a decline. Trading was fairly steady with 5.55 million shares Worth million changing hands. Volume on thursday was 6.45 million shares and value was million. The number of Call options to from Friday while put options Rose to from 856. Among industrials Texas Gulf was up 3% to Bank of . 1% to Fraser inc. Iy8 to dome Pete 14 to and Laidlaw b to Canada permanent mortgage lost 2 to Northern telecoms 1% to Ste co a to Dupont Canada a 1 to and Irwin toy 1 to Afton mines gained 2 to Cyprus Anvil to and Lake Shore mines to Placer development declined to and Echo Bay mining to Oakwood Pete Rose 1 to Ranger Oil to and ocelot industries b to co ventures was off to and mar exploration to Montreal ends lower the run on oils continued yesterday on the Montreal Stock Exchange in a session which saw declining prices lower seven of the 11 use listed Stock groups. Losers edged out winners in moderate trading while the composite Index advanced 0.71 to 372.80. Total volume of trading was shares compared with shares thursday. Oils gained 6.50 to 698.28, utilities 1.21 to 267.83, industrials 0.73 to 404.45 and papers 0.61 to 266.77, while Banks dropped 0.74 to 374.38 the most Active Industrial was Mer land explorations up to with a volume of shares changed while among mines and oils it was Rio Algol up 34 to with a volume of 3646 shares moved. Silver stack lost to Aqui Taine to Bank of Montreal to Inco to and grandma Lee s 14 to Brunswick gained to Gulf to Hiram Walker to Alcan to and dome Pete to among oils Shell gained to and Hudson s Bay Oil and Gas y4 to Imperial a was unchanged at the most Active juniors were consolidated Imperial resources up 14 cents to with a volume of shares moved Cadillac explorations unchanged at with a volume of shares moved and Dumont unchanged at 60 cents with shares moved. Property management services required by private investor competent management services required for Sev eral triplexes by out of town investor. Would seriously consider realtor who would Supply sales and management services. Apply giving details of previous experience and Bon ability to Box 747 free press attention mortgage holders if you hold a 1 St or 2nd mortgage and you would like to Cash in on your investment we Are interested. For More information Call Winnipeg Ron Farrow 944-9484 Kenora Roberta Walsh 468-3361 Between 9 . 5 . People famous names and what they re doing to stay that Way. Daily on relax Winnipeg free press Home delivery 957-0550 full or part time to earn big Money in the food business. We Are a National company expanding into this area now ready to appoint a select people who want to make big Money no matter what you Are doing or where you Are in life you owe it to yourself and your family to investigate this once in a lifetime Opportunity. This business is unique and More important profitable Call collect 7 Days Pur week for information minimum Iru vestment phone 403 468-1758 468-1763 beam food sales Ltd. 4603 01 aug no. 2nd floor Edmoson Aliciia t6b 2m7 Send for our Colour brochure before you buy because to buy wisely you Reed to know the facts. And the fact is Mcc Van bodies Are built to last longer and carry More. The rust resistant 12" snap lock panel aluminium body is Strong yet Light weight for heavier loads. Superior roof construction eliminates leak age problems. And vers a Kote Protection reduces vibration and noise. Standard models and custom de signs. Both priced competitively. Cut off vans dry vans step vans write for our brochure to Van bodies i Mcc Van bodies 135 Henderson drive Regina sask. S4n 5w4 provincial marketing representatives i name company i Street i City Chonton on a Pikol i40.ii Regina Lloil 13061 s45.ij44 ii postal code str -4.150 hmm Hihi Federated co operatives limited savings Bonds term 1 year interest at 17% interest payable Semi annually interest payable annually rates on 2, 3, 4, 5 and 10 year Bonds available on request. The above rates were the rates in effect As of May 22, 1981. Inter est rates subject to change depending on Market conditions. Minimum investment on 1. 2 and 3 year Bonds. Also available cumulative savings Bonds under 5 and 10 year term at annual interest rates and interest paid at maturity. Interest rates Are subject to confirmation by Federated co operatives limited Bond department. The interest rate above applies to Bonds held to maturity. If redeemed before maturity Bonds Are discounted to yield a lower rate of interest return As outlined in the prospectus. Note the announcement concerning these Bonds is not an offer to sell nor a solicitation of an offer to buy these securities. The offer is made Only by the prospectus. To obtain a prospectus write to Bond department Federated co operatives limited Box 1050 Saskatoon Saskatchewan s7k 3m9 ;