Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 26, 2000, Winnipeg, Manitoba B4 business Winnipeg May 2000 versatile continued from Page b3 Engel said they had been Given an Indi cation that the do will not need much More than a few Days to consider the contracts once they Are we feel this is big Engel but we still need signed Eugene a spokesman for Canh global in the company new hol said this is some thing that involves it is not appropriate for us to comment at this sources close to both Buhler and Canh global have made it Clear in the past that As Long As the do can be a Sale agreement will be reached versatile is currently producing about 17 tractors a the Canadian Auto workers local has about 600 but at least half of them Are Laid the Plant has been on intermittent shutdown for close to two years now because of a weak agricultural Market and the Low est tractor sales in Many a sum Mer shutdown is scheduled regardless of the Sale of the it is no secret that Caw officials would prefer a different they have said they Are concerned Buhler will not have the wherewithal to continue manufacturing such Large tractors and marketing them toilet seat King rebuilds bankrupt business by Murray Mcneill Winnipeg toilet seat King is Back on the Tim co inventor of a highly touted toilet seat that Lowers on its and a Small group of co investors have acquired the assets of the bankrupt Winnipeg firm that began manufacturing the seats in the Wenlund had been placed into receivership in March after the Bank of Nova Scotia called in a major loan and the company was unable to come up with the the Bank instructed the receiver Eloitte touche to sell All of the company assets and it was the Seniuk which includes some of the orig Inal investors in the that came up with the Best Seniuk and Eloitte touche official Russ Holmes refused to divulge any of the details of the winning Holmes also say if any other offers were asked if Bank officials were Happy with what they got for the Holmes said its resolved and finished with and that the main Seniuk was ecstatic about the Way things worked saying he is looking Forward to rebuilding the company into a profitable manufacturing there Are a lot of fences to mend and a lot of people to approach and a lot of business relationships to he but in completely it was never an Issue of the product not being the product is Selling and doing reasonably although Wenlund corporation began manufacturing Complete toilet it subsequently switched to manufacturing just the Hydro Glide sea closing mechanisms that Seniuk and company Confounder Ken Wiklund had it sold the Hydro Glide mechanisms to established toilet seat manufacturers who mounted them on their seats and sold the finished product to North american Seniuk said Wenlund ran into trouble after a major retailer decided at the last minute to postpone a major toilet seat Purchase for a by sen Lund had used virtually All of its Cash reserves to ramp up production so it would have enough mechanisms to fill the stuck with a huge inventory and Little or no Money in the Wenlund began scaling Back production and staff and about a year ago halted production Alto Wiklund subsequently returned to his native British Columbia and although Seniuk and another employee continued to sell the mechanisms to seat there want enough Money coming in to keep up with the Bank Seniuk said hell Likely wait five or six months until the existing inventory is whittled Down before gradually resum ing Ennis invested in the original venture and also held a secured debenture for fund president William Watchorn said Seniuk is putting together a new business proposal and we will certainly look at the built to last event the cars Are built to the event Aero by Oldsmobile epee car guide Best buy award equipped with Active response system 16 individual features working 4speed automatic transmission with enhanced traction 4wheel disc brakes with Antilock braking Cam 150hp air smart lease stereo with cassette and cd player m theft deterrent Power door per months Between tuneup Down payment Security Deposit Remote keyless i m includes freight of monthly payment intrigue by cd Oldsmobile top 10 Best engines wards equipped with Cam sequential fuel injection v6 215hp 4speed automatic full function traction variable Effort Power stereo with cassette and cd 16 aluminium smart lease 4wheel Antilock braking Remote keyless passlock theft deterrent theft lock it radio dual air air Power Purchase financing Down payment Security Deposit Ltaif options 28258 includes freight of monthly payment Silhouette by Oldsmobile Alee car guide Best buy award equipped with 185hp v6 4speed automatic front and rear Heater air tilt Heem cruise Remote keyless Power heated mirrors windows door Power slide on passenger Side 4wheel anti smart lease Utah Roe per months Down payment Security Deposit with lock braking stereo cassette with cd player up to 36 months of do 29498 up to 48 months includes freight of monthly payment Down payment i Here s Noveh a ctn a better time to redeem your pm card earnings for a limited time at your local Oldsmobile wed Ilki you in Kaw Man come visit us at your local on our website at or Call 1mocmorlvr financing on approved Mac credit example at the monthly payment is for 48 months Lor 60 Cost of borrowing is total obligation is Down Security Deposit May be monthly payment and Cost of borrowing will vary depending on amount borrowed and Down intrigue Silhouette total lease obligations Are option to Purchase at lease end Are plus applicable annual Kilometre limit of per excess other lease options includes excludes insurance and Tine sonar please monthly payment and the Mac Purchase finance rate is not calculated on the Cash Purchase Price As the difference Between the Price for the Purchase finance Otter and the Cash Purchase offer is deemed under provincial disclosure Laws to be a Cost of whether or not the same represents actual interest and is required to be expressed As an annual percentage rite which is Lor the Silhouette described offers apply As indicated to new or demonstrator 2000 models equipped As i offers apply to customers in the a talkie Chevrolet Qew Notti dealer marketing association Aiea dealer Trade May be limited time Otter which May not be combined with other see your Lor conditions or and the pm card Are trademarks of general motors Chevrolet of smoke signs appear interest rate hikes slowing Economy by Jeannine Aversa Washington the Economy surged ahead at a rapid per cent rate in the first three months of the year but growth May be existing Home sales dropped per cent in a sign the Federal reserves interest rate increases Are beginning to the increase in the Commerce departments Gross Domestic the nations total out put of goods and was slightly bigger than Many analysts expected but matched the governments estimate from one month it followed the fourth quarters per cent rate of the Best showing in 16 on Wall stocks were Little affected by yesterdays Gap the Dow Jones Industrial average was Down 26 while the Nash a was up in a second existing Home sales last month took their biggest dive since they fell to a seasonally adjusted rate of the National association of realtors an upswing in mortgage rates helped account for the which appeared worse than it really was because March sales were revised sharply economists housing activity is said Merrill Lynch economist Karen existing Home sales Are Down 13 per cent from their june 1999 she the Federal Reserve has boosted interest rates six times since including a Hal Point increase last in an Effort to slow the Economy and con Sumer by making borrowing More expend the fed is trying to Cool demand for big ticket items such As the average rate on a 30year mortgage was per cent in up from per cent for the same month last we Are All waiting for the next big Story on the Economy signs that the con Sumer has it is definitely com said economist Ken Mayland of Clearview Many economists believe economic growth is slowing a bit in the current Quarter but will still clock in at a healthy rate in the Range of per associated press precision water Jet cutting 2 Axis cuts virtually any material High tolerances Call Mai Canada for further info 7723991 notice to its subscribers on May its communications its filed applications with the Canadian radio television and telecommunications commission crts for approval of a local residential rate increase As Well As various increases to business rates effective july these requested increases Are to recover income tax expense to be incurred this a detailed schedule of the various business and residential increases proposed by As Well As the justification for the Are provided in information which accompanied the Tariff applications filed with the to receive a copy by email or by please Call its at 204 the Tariff applications and accompanying information Are also available for Public inspection during Normal business hours at its head 4th 333 main in Tel 204 or at the offices of the crts in at room 275 Portage Tollfree 1 877 the information is also available on the crts web site at the following internet address As a result of the proposed local residential rate the Basic local residential monthly rate will Range from for those customers residing in the More Remote areas of Manitoba to per month for the majority of its if you have a comment that you feel the crts should take into account in reviewing these you can write directly to the crts by june 2000 to Ursula Menke Secretary general Canadian radio television and telecommunications commission Ontario k1a on2 fax 819 9530795 your letter should clearly state your views and include any relevant information that May be useful in explaining or supporting those a copy of your letter should also be sent to Roy Bruckshaw regulatory affairs Manitoba telecoms services to Box ramp 19c 333 main Street Manitoba r3c 3v6 fax 204 7752560 for additional information on the Tariff applications 01 the proper procedure for filing please Contact its or the crts at the above addresses or by its communications ;