Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 25, 1985, Winnipeg, Manitoba Lower output blamed for scrap woes Winnipeg free May 1986 1 by Norma Greenaway Washington up imports of sem finished steel from West Brazil and other foreign suppliers have Contri buted Only marginally to the decline of the Iron and scrap steel says the International Trade the commission said a drop in world steel especially in the United is the major Rea son that the scrap Industry has suffered declining employ ment and shipments since imports of sem finished steel contributed to these trends but were too Low a volume to have a significant effect on the Indus the commission said in a re port made Public this the commission said that while increased imports will have a slightly greater negative effect on the Industry in the next few they Are Likely to remain of peripheral significance to its economic the scrap Industry future in As during will depend on the steel Industry ability to compete and melt steel in the it the Industry ability to offset the Impact of imports by increasing exports will be impaired As Long As the Dollar remains Strong in relation to other it profits stall Ottawa up the growth in pretax profits of Industrial corporations stalled in the first Quarter of this year following 10 consecutive quarters of statistics Canada said adjusted for seasonal remained unchanged from the previous quarters record level of preliminary Survey results a Lack of growth in which remained at was the major reason for the the Agency in profits would have declined had it not been for a reduction in interest expense of Mil lion to sem finished steel is the rough Stock from which finished steel Mill products Are the report follows an eight month fac finding investigation into the Impact of imports on the Domestic Iron and steel scrap the investigation was requested by congressman Sam chairman of the House of representatives subcommittee on who expressed concern that imports were threatening the viability of the the report said imports of sem finished steel More than Dou bled during the 197983 a total of Short valued at million were imported in Canada was the primary source of accounting for 48 per cent of shipments during the imports almost doubled again in climbing to million Short West Germany was the Princi pal supplier last the Institute of scrap Iron and steel told a commission hearing earlier this year that the Domestic Industry was being threatened by unfair Competition from foreign sup High Quality the commission report attributed the decline in the Industry performance to a Sharp drop in raw steel output in the United raw steel the primary scrap declined by 38 per cent from million Short tons in 1979 to million Short tons in it this rather than the 139percent increase in Semi Fin shed steel imports during this Peri is primarily responsible for the decline in the scrap Industry performance during it the United states remained the largest exporter of Iron and steel scrap during the but its share of the world Market dropped from 42 per cent in 1979 to 28 per cent in largely because of increased scrap production in major Export Skal club of Winnipeg presents the executive 1985 left to right John Mcclellan Ray Stotts past Larry Jocelyn Stewart Smith Brian Sigurdson Ralph Muggins trea7 Ken Delf Ron probetts the Winnipeg Skal club is a chapter of the International Skal club travel Fra suit filed Montreal up cast 1983 a Ber mud abased Container line owned by the Royal Bank of has filed a Law suit against Sovati of the filed in que Bec Superior Al Leges breach of warranty in a 1983 contract to sell subsidiary Sovati Container line Sci to rival Block realty Murray regional manager for Block realty is pleased to announce that Bernie Moore of West Kildonan is the grand prize Winner of the Block draw held at the Home expressions 85 Moore won a 20 Panasonic Colour with Remote control retail value of for Friendly professional please Call your local Block realty Block Raity limited National real estate service the Manitoba Institute of management operate your own business Independent grocers Alliance is looking for a qualified person or persons to join team of grocery qualifications grocery experience investment capital offers excellent locations in Saskatchewan or Ontario professional counselling in All aspects of store operation store planning and design services staff recruitment and training services Complete insurance package apply in Confidence outlining previous experience to the Codville company Box 9600 Manitoba r3c 3j6 Tention George Simmons Robert the Board of directors of the Manitoba Institute of manage is pleased to announce the election of Robert Best As chairman of the Best is human the greatest Lite Assurance Mim is a nonprofit it Slute founded in 1965 by a distinguished group of Manitoba business leaders and Public ser vants As a medium through which management capital would be created to help in Manitoba s eco nomic the Institute and a Centre for High Quality re search and writing in the Field of management education and de As Well As fulfilling this Mim has become More than a Manitoba Mim programs Are uttered and used across Canada and abroad in the and Southeast clients represent a Broad spectrum of inter ests and activities and include Small private financial government departments and and nonprofit these pro Grams Are in a wide variety of Fields including organizational development inhouse management conventional business plus a Broad Range of Public seminars dealing with traditional and lamely aspects of As the Institute celebrates its 20th will be leading Mims current Effort to further establish its membership activities at Home in and to invites interested parties to con tact the Institute for further info son theres no such thing As a sure Bernard Baruch said that about the Stock or was it Harry the horse about the seventh race either the Best you can Hope for is Strong and even without looking at the Stock you know this is a Strong probability most shares la belled interest sensitive Are Riding interest rates have been halved from the frightening peaks of the Early any Stock much affected by these Money costs has to be fatty priced if not blighted by other there led by record setting Bell at Early this the widely owned Issue com pares with last years Low of and a Low of in that terrific for a supposedly conservative investment of is no longer As staid As it once thet typical Canadian share has risen Good Deal the year 1981 is chosen for com Parison for two it was one of ultrahigh interest Topping 20 per cent for mortgages and corporate Bank and the Market began collapsing disastrously late that year because of fears that a horrendous recess Ion was coming which it unlike Bells Rush the Large gains of Many other interest sensitive stocks get Little though canadians have billions in the Day today publicity goes to other issues that swing More in the Short but a look at a representative group of 16 reveals most have Strong gains and emphasizes a key Rice i Ivray n i Money costs drop Sajt other higher than lows of about in 81 a company May have a Large and last Jack Mcarthur fact the nature and effects of sensitivity differ from Stock to on the 16 issues Early this week were about 90 per cent above their 81 lows and More than 40 per cent higher than lows for when interest rates Are they tend to be and vice the bes known reason is this Good examples Many conservative investors own certain shares largely because of the relatively High and steady dividends the companies pay on they wont bid As much for those shares when they can instead get particularly High returns on deposits and debt this Lack of demand depresses the when interest rates Are bid higher to get those Divi utilities Are Good maritime Telegraph and Tele phone Stock was As Low As four but sold lately above Consumers Gas topped but was after being listed in stocks also May be interest sen in Large part or for other a company May have a Large floating rate the costs of which Rise and fall with changes in Short term of it May be heavily into real estate develop a business that often sickens when fates Are Gen staf has battled both prob its shares were below amid High interest rates four years ago but above this financial institutions shares have some of that classic dividend sensitiveness but another Angle be came important for the High loan costs of the Early 80s combined with the recession and the big debts of Many Bank customers to raise serious doubts about bad an increasing number of Bor rowers others were How Many corporations would hit this financial Wall How Exten sively would the Loans have to be written stretched out or restructured How serious might Sim Ilar problems be for heavily indebted third world nations in this our lower interest rates though still High related to other economic factors Are Wel come for they breathe More their customers have a better shot at bearing their lighter some worry its under lined by troubles at some inst the bailing out of a Western Canadian Bank and the Bank of emergency Bank stocks Arent especially High despite the favourable interest Bank of recently above is Only moderately higher than lows of about in 81 and last the Toronto exchanges sub group of Bank shares Early this week was 50 per cent above its 81 the interest sensitive Utility and pipeline groups were up 131 per cent and 77 per cent respective the effects of interest trends can vary widely from company to com Pany and from time to companies for change the mix of their moving into industries less Sensi Tive and attracting investors who care less about dividend Bells phone business creates dividend related interest sensitive but Bells less sensitive North Ern telecoms subsidiary has grown most sensitive its Purchase of control of Large Tran Canada pipelines also is in while that company has natural Gas pipeline operations that promote sensitivity it also is a major Oil Gas among the least publicized most sensitive Are dozens of straight preferred shares usually bought for their dividend in their quiet they look Good example the class series 4 preferred of steelmaker its owners get a fixed annual dividend of per the Stock was Down around at times in 81 and it was above this that reminds us that even such conservative stocks can Bounce around when interest rates do the Toronto Star japanese automakers plan for future by Keith Stafford Tokyo Reuter Japan has the largest automobile Industry in the world and it Hopes to maintain that position As Long As it can by design ing what it sees As the car of the despite a number of problems hurting their japanese car makers Are searching for new mar production methods and Model coming years will see More tech Nical innovation and More product Ion overseas As Well As a fierce Battle for the japanese Domestic the Industry prospects Are a great Deal More volatile than in the said Mazda president Kenichi engineers and designers in Japan say the family with its familiar shows no signs of changing its fundamental character Over the next few they also say the recent decline in Oil prices has put ideas for alter a Tiv fuel engines Back on research Institute although most engineers think the ideas will be dusted1 off and go under car hoods some time in the we Are still using but by the year 2000 it could run out so then we will have to move to differ ent although engines wont change said Hiroyuki director of research and development for but he thinks cars with gliding along without Drivers and map Reading for Are still not ready to pay Price Consumers Are not ready to pay the after 10 or 15 years we will be Able to launch the dream but before then we just the design of future cars rests 70 per cent on customer so the consumer will not that this will Stop the Hunt for technical japanese engineers and designers say that in the coming decade Drivers can expect to find cars with More safety features and electronic Gad such As distance sensors to prevent wipers will disappear As plastics that ignore water Are used for wind video cameras on dash boards will replace rear View Mir and cars will have More room inside As components they will be thanks to new announcement the Manitoba Conseil Atoy of music Shirley Sydney presi Board of the Manitoba conservatory of is pleased to announce the appointment of Shirley As executive Yip is a graduate in music from Hong Kong and the Royal conservatory of University of prior to joining the Manitoba con she was a member of the teaching faculty at the Royal conservatory of University of Toronto and later director of music Yamaha experienced As a com adjudicator and Yip brings to her new position a wealth of experience in All phases of professional the Manitoba conservatory of music is an Independent leaching Struc tured to meet the need for High calibre education in music in the province of Yip is located at the conservatory Lombard Avenue in the Grain Exchange Telephone financial futures Toronto trading vday Canam Treasury bilk Bish million act Pritt h if to a Rte of chaw of it Oqual to so per Normil Tolly Price produce Crescent fruit May vegetables cabbage new 50 radishes 306 of poly tomatoes 6x6 Carton Green onions 1 onions new onions Jumble 50 potatoes red 75 mushrooms 5 lettuce 24s per carrots new 1242 poly bags agriculture Canada eggs Canada Canada Canada Canada Canada pee Canada paying prices to producers and wholesale prices remain in wholesalers Are reporting a steady Market with plentiful sup plies of most featured at re Tail level again this week Are Grade a extra Large size for Grade a Large size for and Grade a medium for with a limit of two dozen per family Chicken broiler under broiler and under 2 8 roaster and under roaster pkg and fowl under Over and turkeys broilers pkg hens Over under Toms pkg and eviscerated to Consumers Chicken under pkg turkeys pkg and under Over 5 and under 8 ducks under 2 pkg under 2 pkg 2 pkg and under 2 and under limits above or below prior Tettle Settle pm High Low Price change Jun 85 120 sep 85 83 dec 85 ii mar 86 5 sales 90 ask open interest 419 10 times Trie Price in Index Points rounded to the newest Olwe of 1 Index Point is equal to Ilo per Normil daily Price limits 150 inn Points above or below prior settlement Settle opt High Low Price change May 85 2723 3 Jun 85 2719 2692 2719 jj4 jul 85 2710 2698 2710 18 187 sen 85 2710 dec by 2i5 i sales 648 Day even interest 517 Lon term government of can Ada Bonds 11year 9 per cent 10woc Princl Pil Price is per cent of or vibe a std on in frit pm re Ems i cent Dinge of in rants per Numal daily Price limits m8 above or below prior settlement Settle open Low Price change Jun 85 8204 81jo 8204 8222 789 sep 8i 00 Ojomo 8222 42 dec 85 00 6000 75 mar 86 7816 7816 7808 8000 1713 Jun 86 1700 sales 44 Day open interest 4319 tse Oil and Gas Index 10 times the Price in Index Points rounded to the nearest whole change of 1 Index Point is equal to 110 per Normal Dally Price limits 250 Index Points above or below prior settlement Settle open High Low Price change May 85 3495 13 Jun 85 3420 3419 ii jul 85 342535 107 sales 5 Day open interest 131 Dollar by the Canadian press Price is Canadian Dol Lars per Sim to 2 Dimil change of Ewals 10 or Normal daily prot limits Points above to prior settlement Settle open High Low Price change Jun 85 260 sep 85 1292 dec 85 250 sales 176 Dav open interest 1902 materials and and there fore Burn less and there will be moves toward engines that never need changes of spark plugs or air but prices Are unlikely to fall japans car factories Are Al ready among the most using thousands of robots in Sheet steel stamping rooms and All along the Assembly using new materials will in crease the Cost a Little and High productivity increases Are no longer said Shimojima of although japanese car firms Are working to remain competitive in the they face problems that they must solve to remain Success japans car Industry started in 1902 with a Small firm called the automobile making two Cylinder but it faltered like others in the face of a flood of cheaper a resurrection began in the 1930s with Nissan starting production in 1931 and Toyota in these two firms now dominate the joined by Honda in the 1960s when it added cars to its highly successful motorcycle last year they and the other half dozen japanese car firms Here produced More than seven million the worlds largest ahead of the million made in the United during the just Over six million were exports Are a continuing headache for the foreign markets provide the bulk of their profits and without them they cannot survive because the roads at Are a but car industries form the Core of most Industrial societies and Many countries have forced the japanese to restrain fearing their cheap robot manufactured imports will kill Home the japanese have responded by moving says Nissan presi Dent Takashi Ishihara by invest ing in manufacturing plants Over seas we contribute to the economies of the countries we operate creating employment opportunities and assisting in the technological advancement of those the move of Toyota and Honda to greater overseas product Ion prompts Industry analysts to suggest Japan will lose its position As world production Leader some time in the in production will reach million against japans Mil lion but one million of the cars produced the United states will come from japanese says the automotive news of an Industry the japanese also face new competitors in the Battle for overseas markets while other countries want to Start producing their own meaning they will not want to import As Many As they do South Korea Hyundai motor is already doing Well in Canada and Europe with its Pony and is preparing to enter the lucrative mar other areas where japanese cars sold Well in the like Are Bent on creating their own Competition Savage As far As the japanese Domestic Market is the govern ment reckons japanese car firms will be they can achieve a meagre three percent annual sales growth in the next few Domestic Competition is Savage and the car firms constantly seek new ideas to help them master right now the emphasis is on Micro cars of less than one litre Ca and on Leisure there Are High Hopes that these will be the Type of car that will pull the japanese further toward the trocar metals Winnipeg Gold Winnipeg up Gold and Silver futures Winnipeg commodity Exchange 20ounce Gold contracts open High Low Clou thur Junks stp85 20a 40a dec 85 mar 84 Jun 86 fridays volume one Winnipeg Silver 200ounct Silver contracts open High jly85 oc185 Jan 86 apr86 i Low fridays volume three Clou thur London London api London closing metals Friday in pounds Sterling a lonne Silver in Pence a Troy Copper spot future tin spot future Lead spot future 301 Zinc spot 685690 future 675678 Silver spot future 501 aluminium spot 869870 future Nickel spot future Alberta Edmonton up the Alberta pork producers marketing Board reported Bacon hogs sold Fri Day Tor an average producer Pool Price of there were 12 sows sold with hogs at an average total sales in hogs sold for an average Market Price of gainers bought hogs for an average Price of Fletcher bought hogs at an average Price of t Here were no hogs sold inter pro a total head sold at the Gross producer Pool Price of London Gold London a closing Gold prices Friday in dollars a Troy ounce London Frankfurt Zurich Hong London Index London a financial times Index of 30 industrials closed Friday at Down City Cash Gold closing Silver and Coin prices Friday dollars an ounce bid ask Gold Silver Maple Leaf Krugerrand source Bank of Nova closing Dollar Montreal up Dollar in terms of Canadian funds closed Friday up 925 at thurs Days close was Pound Ster Ling was Down 11150 at in the Canadian Dollar was Down 19100 at and Pound Sterling was Down 1 1150 at by the Canadian press corporate dividends Friday quarterly unless otherwise indicate 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