Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 21, 1986, Winnipeg, Manitoba Winnipeg free burned traders get offer by Jack Lakey the Winnipeg commodities Exchange has offered a compensation Deal to some unsecured creditors of two bankrupt Grain trading according to one a member of the the Exchange is proposing to pay 64 cents for every Dollar lost by people who had trading accounts with can am commodities and Duvell Grain which declared bankruptcy last the source the Exchange sensed a responsibility to those people doing Busi Ness with can am As a futures Mer said the a former member of the Board of paying the unsecured investors Likely will Cost the Exchange about of its own he and will eventually Cost More than after Legal and accounting costs Are while under no obligation to compensate those who were left in the lurch by the two the source said the Exchange Felt compelled to reassure the the move was made out of a sense of moral responsibility and to let the Community know they can Deal safely with what we wanted to say was that you can Deal with a member of the commodities Exchange in the capacity of a futures trader with in the source can am commodities and Duvell Grain were suspended from activities on the Exchange in Early May after being caught without enough funds to cover their at the the chernobyl nuclear disaster was thought to have seriously affected the soviet Grain Harvest and sent prices leaving the two firms in a Short a trader is in a Short position when he has sold contracts with the Hope of buying them Back at a lower Price before they the interconnected companies were Grain involved in futures and Cash trading of commo both were forced to declare leaving investors and those who had entrusted them with Grain to holding the bag for debts amounting to More than the Exchange levied record fines totalling against three officers of the two but the fines have yet to be Exchange president Doug Ford confirmed a compensation plan has been proposed a proposal has gone out to a group and they Are reviewing but i dont want to say any More until Treyve had a Chance to assess bankruptcy trustee Jeff Johnson said unsecured creditors will eventually be paid an interim dividend of about 15 cents on each Dollar from the assets of the two one tin Soldier a member of the fort Garry horse wheels a shopping cart filled with canned food As 35 officers and noncommissioned members of the regiment helped the Christ Mas cheer Board deliver food and hampers to Winnipeg needy the troopers used 15 Mili tary vehicles during the Daylong Hydro Layoff longer this year Manitoba Hydro Winter layoffs will be six to eight weeks longer for More than 250 seasonal construction Hydro spokesman Glenn Schneider said the company traditionally lays off Between 500 and 600 workers Between the Friday before Christmas and the monday after the new but this 65 men will be let go until while 184 will remain off the Job for two most of the hourly workers 319 men will return to work after a two week its something that has always Schneider the Union Doest like but we have worked together to keep them informed of How Many men will be affected and How Long they will be weather lotto Winnipeg area forecast mostly sunny today with a High of Low tonight sunny tomorrow with a High probability of precipitation is 10 per cent near Zero tonight and Tomor extended Outlook Southern Manitoba Cloudy tuesday with above Normal Clearing Christmas eve with near Normal Normal High is Normal Low is Northern Manitoba mostly Cloudy with above Normal temperatures near Normal temperatures Christmas Normal High is Normal Low is Northwestern Ontario variable Cloudy periods and tuesday with above Normal Cloudy deaths Christmas with near Normal Normal High is Normal Low is from Canadian press Toronto the winning numbers in last nights lotto m9 draw were 46 and the Bonus number was the Jackpot Pool of goes to the Holder of a single ticket bought in the second prize awarded to those Matching five regular numbers and the Bonus had six winners of the third prize awarded to those Matching five regular had 405 winners of the fourth prize awarded to those match ing four regular had winners of in addition there were prizes of awarded to those Matching three regular wednesdays Jackpot is estimated at the free press tries to ensure the accuracy of these supplied readers Are advised not to discard their tickets before phoning 9472225 or Check ing the official list with their dealers or in Luck City Calendar Gordon King memorial United 127 Cobourg holds a eve service on the Para Dox of god becoming also and a violin and trumpet at fantasy theatre for children stages Cinderella 27 to 1 in the kiwanis Centre of the 285 Pembina curtain time 1 except 2 includes performances new years eve and new years admission classified death National 6 4 7 14 1 7 8 8 10 9 8 9 13 2 18 14 9 19 17 21 17 19 27 17 13 2 7 5 1 10 Thunder 1 2 1 2 2 winnipe0 comparisons mean last highest of record in 1890 lowest on record in 1879 precipitation total from 1 to 20 Millimetres Normal yesterday International 4 i o 2 new s 3 b 6 8 5 la s 6 7 13 9 13 13 n 14 o Tel 18 6 resort spots los Clear 18 Las Clear is 19 29 25 28 20 fair 27 fair 30 fair 28 27 3 7 7 0 14 7 3 5 10 1 10 5 9 24 19 18 17 20 21 23 21 Jeffrey of formerly of Vincent of husband of Pauline of husband of Anne Glen of Swanigan husband of Evaline Alice Marian of widow of Harold Mitchel of widow of William Arthur Florence of wife of Tom of of Loon Clifford of husband of Rosemary Aaron Don Chuck son of Sylvia Jack of husband of Lena Lawrence of burning of paper garbage Sparks petition of protest West Paul residents Are upset Over the local councils policy saying homeowners must Burn their paper rather than having it picked up with the rest of their the Selkirk journal reports that 82 Riverdale residents signed a petition protesting the which saves their municipality an estimated per Homeowner each Riverdale resident Ray Hill said protesters believe burning paper garbage creates a Hazard for Chil Dren living in the and smoke from it creates a health councillor Arthur go Bert said residents living in a Rural municipality cant expect the same level of municipal ser vices they would receive in a Dan Lac Dubonnet a judicial recount has confirmed the local Reeves although reducing his according to the the recount for the Rural municipality of Lac Dubonnet gave Leo Drabyk 360 compared with 350 for Rene Lavoie and 272 for George Drabyk Defeated Lavoie by 15 votes in the 22 add Winkler a provincial tax assessor says a Public outcry Over the Low value placed on the new Southland mall May Lead to a according to the Pembina assessor Herman Hiebert said the new mall was assessed at 12 cents a Square foot when Down dateline1 Manitoba a weekly Roundup of provincial giving readers a glimpse of events in Rural town business properties and the Gladstone mall have been assessed at 80 cents a Square confronted by an angry group of downtown property said assessing the value of a new development is he told them the assessed value want set at a Low rate be cause of any town mayor Henry Wiebe told assessment officials they had messed up the whole affair and should make an immediate and Hiebert said he would review the situation and that taxes could be added to the malls 1987 tax add Steinbach a planning study has recommended the mennonite Village museum make some massive according to the a 255page study by lord cultural resources planning and manage ment recommends a million capital Cost upgrading the Quality of the collect changing the museums and making some administrative the Money allocation includes million for a new artefacts to renovate the existing to renovate historic and for landscaping the study also said the name should be changed to mennonite heritage Village because the word museum indicates the historic site has Only one Odd Teulon the 75yearold Winnipeg motorcycle club wants to set up a Racetrack in this according to the club members approached the Teuton and Rockwood councils with a request to buy some land about five Kilometres West of Teulon to develop a year round Racetrack and Teulon councillors expressed no but their Rockwood counterparts feared there would be complaints about Rockwood councillors also indicated that while they dont the club operating in the Ciunci they would prefer a More Remote club member Peter Mcdermid said Bush in the area would con Tain much of the noise if the club would require each member to have a Mcdermid also said he under stands Many people associate motorcycle clubs with and assured councillors his group has nothing to do with the Hells Angels and similar Selkirk stack foundry future shaky buyer needed to save 175 jobs if a new buyer cannot be found soon for a Selkirk smokestack found the company will close Down its operations and Lay off 175 a company spokesman David a spokesman for pneuma Dabex the Boston based Parent company of Ibex industries said if a new owner cannot be found Early in the new the Plant will be closed and employees played the Industry in the last few years has not been Mackey the Market is not Good and there is not a lot of room for improvement right despite diverting about Mil lion Worth of contracts from closed plants in the to the Manitoba foundry in the last Mackey said it continued to Loose in the last several years we have lost a considerable amount of Money in the he it seems at this Point there Are Only two alternatives sell it or close it pneuma Dabex is attempting to sell the 70yearold Selkirk business along with its five other smokestack foundries in the Philippines and Mackey said the company has had some Success finding a he refused to say How Many companies Are interested but did say the list was not a Long he also refused to say what the smokestack division would sell pneuma Dabex official have been working with the provincial depart ment of Trade and technology for about two a spokesman for the department said the government has been work ing with officials to find a he said the department is also investigating possible Federal and provincial Grants available to the company to continue operating in featuring indoor Pool hot tub free in room movies Pius 2 dining rooms and bars weekday Coupon special sunday thru thursday Canadian s two adults pro sent rms Coupon a i Hui i this Coupon 3000 thru 1986 for 77m6tt special restrictions regt nay inn grand Forks Arta the Colour wrought Iron Rattan for your Den family room introductory special 25 off Flat slice amethyst Pendant set in handmade 18 Karat Gold setting with 6 full Cut Carat total exquisite value cello prior jewellers since 1919 8reslauer Warren 434 Portage at Vaughan store Only Hearth i Patio Terr 685 Pembina 4771840 free second set of pictures i with this two pictures for the Price of one milk you Mil Roll of Coli Hla grilled i scooters 12 15 24 36 Roll of Soo Terii Culot film Only 99 i key ulv c41 my 112 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