Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 11, 1989, Winnipeg, Manitoba 16 Winnipeg free March farm a food commodity Exchange grains and oilseed on the Winnipeg commodity Exchange ended mixed Early gains in the oilseed markets were pared As heavy speculative Selling was prompted by a dramatic turnaround in the Chicago soybean com flaxseed ended lower to higher with May commercials and commission houses and locals were modestly turning Sellers on Chicago exporter buying supported flax seed prices this values were 50 cents lower to higher with largest gains on the new crop exporter buying initially had canola prices but speculative Selling late in the session took prices off the Days values were Down to up 50 cents with june Mexico took tonnes overnight and Japan purchased tonnes bringing its total weekly purchases to exporters and commercial demand supported canola through the producer Selling mid week was induced by the higher values ended the week 50 cents to Rye ended Down to up in a modest two Way commercial May was commercials and commission houses dominated the Rye Trade through the week in Light prices were Down to wheat ended Down to up 40 cents with May Oats contracts were Down 20 cents to up 40 with May Barley was unchanged to lower with May trading in fee grains was commercial dominated this inter month speaking created much of the line elevators was the main wheat was Down to up Oats gained from 50 cents to and Barley was Down to up 70 cents at Chicago soybean futures prices closed sharply lower Friday on the Board of Trade after whips Wing late in the session on reports of a nuclear mishap in West Germany and a Volcano in Grain futures finished the markets started out then rallied at midday following wire service reports of a nuclear reactor breakdown in West Ger recalling the 1986 chernobyl nuclear frantically bought futures contracts on of european crop the buyers quickly became Sellers on followup reports that no radiation had leaked from the two out of four emergency Cooling systems at the biblis nuclear Power Plant problems temporarily broke the Hesse state government Winnipeg stockyards v cattle sales yesterday were mainly Low Quality Light offerings thursday of Slaughter cattle sold at fully steady feeders sold thursday were mostly common and medium animals and the demand was easier with barely steady Slaughter cattle thursday Slaughter and feeder prices a1a2 steers a1a2 heifers cows d1d2 d3 cows feeder cattle and calves thursday feeders heifers Over 700 ibs 600700 400400 Manitoba beef commission 8 69 a steers 60 Ai heifers Al steers 10 Al heifers a tags the Manitoba hog producer marketing boards estimated Price yesterday was cwt thursdays average prices was cwt on sales of estimated sow prices no 1 dressed cwt 1 live cwt 2 dressed 45 cwt produce cabbage Texas Green radishes 366 of poly tomatoes Florida medium 25 in 6x7 Green onions potatoes 1 mushrooms lettuce 24s per carrots new Crisp 242lb poly agriculture Canada quotes eggs prices to producers Canada Canada Canada Canada Canada pee Canada Canada Chicken live l prices to producers broiler under broiler to roaster pkg and Slewing Cornish under 35 turkeys live Grade a prices to producers set by Turkey marketing Board broilers hens Toms pkg and eviscerated to Consumers Chicken under pkg 2 pkg and up under 2 pkg 2 pkg and up turkeys under pkg and ducks Grain futures Winnipeg Grain quotes yesterday or basis Lakehead own Clow flu mar 399jo May july of mar jul Sot nov Jan kit mar May july oct a Vair Thunder mar 12100 May Jim oct not mar May Jim 153 00 115 m oct 15110 15150 nov dec oafs mar May july oct nov Barley Alberta Fob Cash prices feed Oats 1 cd 2 cd 3cw mixed Grain Oats feed Barley Thunder 1 cd 2cw 3 mixed Grain Barley Rye 1 cd 2 cd 3 cd flax 1 cd 2 cd 3 cd canola in store Thunder Bay 1 Canada in store Van Couver 1 Canada feed wheat 3 red Spring can iced Barley in store Cal Gary Lethbridge Export Lawrence 1 Cpd 1 cd cd 1 durum 2 durum 3 durum malting Barley Thunder Bay special select 6row select 6row special select 2row select 2row Chicago Grain closes Low Clou chg sales Mvi to sales sales Aba sales Oil sales meal sales Western hogs Edmonton Alberta pork producers development reported Bacon hogs sold Friday at an average Market Price of per the average producer Pool Price Tor hogs was no sows sold previous average Price per total sales Saskatoon up the Saskatchewan pork producers marketing Board reported hogs sold thursday at an average Price of average sow Price fridays Range on metals Toronto up quotations for key foreign currencies in terms of the Canadian quotations Are for information purposes foreign year currency close close ago ago British Pound Germar Mark frenc franc japanese yen quotations provided by the Bank of Treasury London London a closing Metal Market Friday in pounds Sterling a Sliver is quoted in Dol Lars Jefroy ounce Copper 19601965 future 1833 1834 Lead 338340 future 348349 Zini 2p752085 future 19951960 future 607610 aluminium 20652070 future 20402042 Nickel 1760017700 future 17100 17200 Bullion prices following prices of Gold and Sil ver Bullion in dollars a line Are prices in dealer auction markets and Are not necessarily those at which Bullion can be Pur chased in Small net close Chae London new York Handy and Harman Fine Silver quotations in Canadian dollars Friday thursday Gold was quoted at 472 bid can us and s473 asked can us at the close of trading by Peak a Maior Gold and foreign Exchange at the Silver was quoted at bid can us and 28 asked can Bond trading Toronto up prices were Down in Active trading on the Cana Dian Bond Market the Short end of the Market dropped 30 midterm and Lon term issues dropped i of both provincial and corporate issues were Down a of a Day today Money was available at per three month Treasury Bills traded at per up from per cent last six month trea sury Bills traded at per up from London Gold London a late Gold prices in dollars a Troy ounce London Paris Frankfurt Zurich Hong Kong City Cash Gold closing Silver and Coin prices Friday in dollars an ounce bid ask Gold Silver Maple Leaf Krugerrand closing Dollar Toronto up the Dol Lar in terms of Canadian funds Fri Day closed up 13100 at thursdays close was Pound Sterling was Down 1750 at in the Canadian Dollar fell 9100 at and Pound Ster Ling dropped 47100 at quotations provided by the Bank of selected Gold selected world Gold prices Fri Day by Handy and Harman up by Engelhard up by Engelhard fabricated by come Gold spot month off by Republic National Bank 4 off Bowater quote London up Bowater closing Stock quote Friday in new Pence is foreign Exchange Toronto up foreign sex Chanock rates at est Fri supplied by the Bank of Mon these rates Are the midpoint be tween the buying and Selling they fluctuate during the Day and vary at each Australia Dollar Bahamas Dollar Bahrain Dinar Barbados Dollar Bermuda Dollar Brail Cruzado Bulgaria lev Nota Vall Colombia peso Czechoslovakia Crown Denmark Krone full Dollar Al landmark France franc German Mark Greece drachma Guyana Dollar Hong Kingdollar Hungary forint India Rupee Indonesia rupiah Iraq Dinar Ireland Pound Italy Lra Jamaica Dollar Japan yen Kenya shilling Korea won Kuwait Dinar Lebana Pound Malaysia Liggitt Mexico peso Netherlands Guilder Norway Krone Pakistan Rupee Philippon peso Poland lot Romani Aleu Singapore Dollar spal peseta Sweden Krona Switzerland franc Taiwan Dollar Tanzania shilling Trento Dollar Turkey Lra Venezuela Bollyard Yugoslavia lunar quotations in Canadian Industry minister in Europe by Mary Ann Fitzgerald Trade and technology minister Jim Ernst is in Europe to promote Manitoba aerospace and tourist industries and to Register the provinces concerns about Agri cultural the 10day itinerary will take his Deputy minister Hugh Eliasson and assistant Deputy minister Dennis Cleve to Brussels and Geneva to talk to finance and Trade offi Liberal Trade critic Mark min Enko said yesterday he supports the trip if Ernst underlines Mani Tobas seriousness in attracting investment and developing markets because of the european Community plans to become a self sufficient trading Block in initial contacts in Light of the european com munits 1992 it is important to have initial contacts to ensure we Are not forgotten As a buyer and Minenko seven Oaks ernsts itinerary seems to Sug Gest he is serious about wanting to know what about the european Community he nip Trade critic Len Evans said he feared the trip was too much a general promote Manitoba tour to achieve Many to be the minister must identify and focus on very specific and Concrete manufacturing and investment opportune said a former Indus try and Trade he criticized Ernst and the conservative government for not being aggressive enough in trying to prevent the closing of Ogilvie Mills and Mol sons Manitoba brewery in Winnipeg and to prevent greatest life Assur Ance from transferring 25 Middle managers to its Denver i am not critical of the govern ment going abroad specifically to try to develop the Evans Brandon East Ernst serious for Ernst to go on a general Mission while the econ omy is crumbling under his feet is the wrong Ernst was scheduled to be in Geneva today where he was to hold discussions with senior Gen eral agreement on Tariff and Trade officials about Manitoba concerns with agricultural Export subsidies and How they Impact on the provinces Grain information manager Michael Hyduk said Export subsidies along with re cent developments in International Trade will be on the Agenda when Ernst meets with officials of the commission of european economic Community in Brus Sels next Hyduk Ernst will also meet with Bel Gian foreign Trade this week in London Ernst met officials of the National Westminster and Barclays Banks and of the association of British health care talks with Rolls he also held talks with Rolls Royce officials in a meeting arranged by Bristol aerospace and took part in a round table discus Sion with United states embassy officials on the free Trade agree in a speech earlier in the week to the Canad United kingdom chamber of Ernst promoted Manitoba As a Central Point in North America for Brit ish industries that might be interested in it As an Access Point to the Hyduk Ernst is to return to Winnipeg next Canada malting company dividend common payable 15 record Federal industries dividend series c payable 15 record class a class b Stock payable in class b shares payable record for Sale or lease 1988 Jaguar Vanden Plas 9553154 Waverley Street office space adjacent to Lin Den now Prelias up to on two floors Energy efficient ample free Park occupancy fall Barry Lucyk Dominion construction development 9423371 business Opportunity available for lease 600 seat Cinema with scheduled theatre and Concession equipment Avail Able under located in modern building in downtown Contact Terry Oreilly 9561720 exporters learn about the major changes to Canadas new Export control system the department of external affairs and the Canadian exporters association invite you to a full Day seminar to learn about the changed rules and regulations of Canadas new Export control meet with external affairs Export controls division experts provincial government representatives International Trade Centre representatives and other exporters March Westin hotel Manitoba registration 8 seminar 9 to 2 individual appointments with Export control officials can be scheduled Between 2 and at the registration registration fee per person includes lunch to Register Contact Anne Berthiaume Canadian exporter association 18002677729 or 613 2388888 fax 613 5639218 association Des expo Tours canadians external affairs Canada affaires ext Reurs Canada canada1 j apus my up Potash stockpiles Regina stockpiles of Potash in Canada and the United states Are rising in anticipation of a healthy demand in North America and off Shore through much of suppliers in the two countries jointly carried 25 per cent More inventory at the end of 1988 than they did the year figures from the Atlan abased Potash and phosphate Institute at the beginning of 1989 stocks were up partly because of a slump in the North american Market for pot Ash last the pinkish Grey min found in abundance in Sas is used in the manufacture of farm poor fanning Low farm incomes and questions about govern ment Aid caused uncertainty among Farmers in Canad and in the which experienced much of the drought that hit Saskatchewan last said John Deputy minister of Saskatchewan depart ment of Energy and probe possible Edmonton dial mortgage president George de rap now a top provincial civil could be the subject of a securities commission hearing Fol lowing a supreme court ruling this the supreme court of Canada Dis missed an Appeal by former dial lawyer George he had argued that the Alberta securities commission could not hold a disciplinary hearing into Brosseau involvement with the defunct company others named in the disciplinary which was blocked in sep tember were de now Deputy minister of economic devel accountant Wayne Barry and dial principals Denis Rowley and his wife securities commission spokesman Bob Demcoe said a week is needed to study the courts decision before the commission decides whether the ruling Means the commission is free to proceed with the Bro finans in shuffle Toronto and Edward Bronfman private holding company edger enterprises will be reorganized to enable family members to get at their says an official from Hees International ban corp but the Toronto Bronfman Are in no Rush to Issue Public shares in the Hees president Willard Lheureux said the Rumor about edger going Public is nothing More than he edger owns 40 per cent of the powerful merchant Bank and investment company at the heart of the huge Bronfman Sale completed Regina the Saskatchewan government has completed the Sale of its printing privatization minister Graham Taylor said yesterday government printing company workers have bought their former employers building and inventory for about the province will keep Cash and accounts receivable Worth about Taylor said All 21 employees of the government Printer bought into the new print co graphics investing about in it through a Labo sponsored venture capital about 30 per cent of the Purchase Price will be financed with a loan from the province repayable Over five the interest rate will be 10 per and the employees wont have to pay any interest or make any payments for the first for Sale development Sites 11501170 to tace 150 of Portage Avenue frontage Nowc of to tace Stewart Street 100 of Portage Avenue frontage Contact Montrose financial group Kevin Hooke or Michael Kitt 9470693 Canadian payroll association seminar Back to basics income tax what you need to know March 14 at Southwood supper club 1855 Pembina ending the Day with a presentation by Jerry Gray thriving on chaos to Register phone 6633962 fee 75 members nonmembers tax shelters made easy by the pros one of the secrets of successful investors is they take the time to learn whats March the Wellington West group of Midland Doherty Canadas largest investment will Host a flow through tax shelter seminar featuring Jean Guy Masse president cup Canadian innovators in tax assisted investments John Dunwoody one of Winnipeg leading tax experts under the new everyone with taxable income of or morels paying too much tax and May not be aware of the Low risk you owe it to yourself to be Call now to Register Call Marilyn now to Register at 9420311 join forces my a world Power no Bufort hems u Omo Tunky for if youve been Luiu item you 10 enjoy the Benefit of die number one growth Tau try thai hot wow Fife the Towel uni Globe supports to franchisees with sties and reputation far fully by and print mow become part of a network of Over 700 offices in North America who Hue joined forces with the world Power in the travel Western 604 6819192 Brit ;