Winnipeg Free Press Newspaper Archives Nov 18 1970, Page 35

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Winnipeg Free Press (Newspaper) - November 18, 1970, Winnipeg, ManitobaWinnipeg free press wednesday november 18, 1970 Winnipeg stocks wednesday november 18, w70 industrials bid asked acklus co exd 6.00 6.50 acklus pad exd 18.00 21.00 acklus 2nd pad exd 10.50 i us bar Lum old 20.00----- bar Lum cd a 13.00 11.75 16.00 2.80 45.00 5.25 90 15 bar Lum co Bird cons Bow Vly ind exd Bow Vly pad j. B. Carter a exd j. B. Carter b dist a la Compagnie Yonciere do Man fed or co a fid Trust fid Tust was Fin ent a 9.00 Fin ent b 6.00 funds or .55 or West of Assn 41.50 it West Sadd co 3.50 in qty Gas co 9.00 in by Gas 2nd pad 15.00 int Cyga swis 3.00 inv or 6.50 inv or a 6.25 inv conv pad exd 16.25 j Labatt Ltd 20.00 j Labatt pad 20.75 Mon life 19.50 Mont inv Ltd 2.70 nor cent Gas exd 13.% s mpg staff ads Ltd 2.50 try bldg Assn 46.00 to air Ltd 70c pad train Ltd co 2.95 to cd p l Ltd 31.75 to cd p l pad 40.00 to cd p l a pad 58.00 to cd p l was 10.50 United or Gers a 12.50 West fair Ltd. Pad. 18.00 West fair Ltd cd a 25.25 we steel Rosco Ltd 9.25 mpg sup fuel 6.50 mines and oils Chenalloy Marls 1.14 Consol Call f f.37 cons Man mrs .17 Dick Stone car .50 dynamic pet 1.22 Gold la .28 Gunnar eng Ltd 1.26 12.00 55.00 16.50 11.% 14.00 9.00------ -------55.00 2.85 1.10 .25 13.00 i .60 42.25 3.65 9. 16.50 3.25 16.50 20.25 21.25 19.75 13.50 2.10 2.95 9.00 3.10 32.00 42.00 58.75 11.25 2c.w. 2 Row 134 3 . 6 Row 3c.w. 2 Row 131 1 feed 124 i 2 feed 122 3 feed .119 mixed Grain 114 local sales terminal stocks subject to confirmation nor 2 . 87 sex. 3 . 84 3 . 84 sex. 1 feed. 8331 1 feed so t 2 feed 793.1 3 feed. Mixed feed 55 1 . 6 Row 2 . 6 Row 127v4 1 . 2 Row 2 . 2 Row 125 a 3 . 6 Row 12s i 3 . 2 Row 1 feed .123% 2 feed 121% 3 feed 118% 1 . 106 1 . 106 3 . 100% 4 . Ergot 73 track 1 . 261 2 . 256 3 .226 track rapeseed in store Thunder Bay no. 1 262v2 134v4 135 131w 124 122 119 114 87 84 84 83% 82% 79% 76% 55 127va 127va 127v8 125vo 123% 123% 121% 118% other Market quotations York Mutual funds potato map my 315 31.5 futures 315 257nom 270a 31 a cattle Stock averages 105v? 105v5 100% 85vs 72% 269v2 257% Ric Narasone securities wednesday november 18, 1970 Dow Jones York j 30 20 15 65 kinds. Rites u ties go s i Prici 760.47 146.92 111.13 244.01 756.30 146.18 110.49 242.69 noon 756.50 145.87 110.24 242.50 Grain futures tuesday s Range open High Low 30 Indus 761.91 768.48 756.78 20 a lords 146.58 148.09 145.97 15 util 110.91 112.00 110.37 65 comp 244.05 246.31 242.64 Toronto or i noon 77 kinds 163.44 162.95 163.05 6 16 b 9 w l tils Banks comp 181.53 89.18 177.38 89.46 89.47 181.65 180.70 176.62 176.04 21.50 26.50 9.50 7.00 1.20 .09 .18 .60 1.24 .30 1.30 .40 .40 .07 .13 .40 .38 .25 16.25 .08 1.05 -.07 6.75 .30 Jowsey re eng .36 Marvel oils.28 Pascar devel .06v2 Peterson re la pet Romines .35 Royal Agassiz mns.35 scope res .22 Sherritt Gordon 16.vs space master Marls .06 stall la mrs 1.00 Star la .05 Teck corp a 6.70 Jagor .15 x indicates Odd lots Mutual investment shares net quotations am Goth cd 4.47 4.91 can inv cd 4.12 4.52 com int l corp 11.12 12.26 corp inv 4.83 5.28 Grid inc 2.98 3.28 inv Goth cd 9.61 10.50 inv inf l Mut 6.01 6.57 inv Mut 4.80 5.24 prov Mut cd 6.05 6.61 prov Stock cd 4.70 5.14 sales Peterson red Lake 1000 at .12. . A 16 at 12.50. Wednesday november 18, 1970 open Winnipeg flax de my Oats of 87, my Barley de my 128. Vancouver rapeseed no 315, Jam 274-275, my 266. Chicago wheat de my my by Corn my my by Oats de my my by soybeans no 305v4-v2 Jam my 317w 317. Winnipeg High Low no 256 254v4 254 a de 244% 244% my 255% 255 a 255% by 258 Oats do 87 87 87 my 86% 86% 86% by def 127% 127% 127% my 128 127% 127% Montreal by de my by 116via or cd 261 256% 87 86% 86nom 128 128 114 Vancouver no 315 314% 314% a 284v2 287% my 274 274% my 265% 265% 305% 282% 263% Cash Grain rapeseed de a in Thunder Bay 266b Lakehead wheat Board prices . And class 2 cd. Or cd. No. 1 Northern no. 2 Northern 178 8 no. 3 Northern 173h no. 4 Northern 168 168vs 1 am. Durum i blvd 1813s 2 am. Durum 178v2 3 am. Durum 4 am. Durum 1653s Churchill prices no. 1 Northern 185h no. 2 Northern 18338 no. 3 Northern .177 i 177ft 2 . Sex. 3 . 85 85 3 . Sex. 1 feed 84 84 1 feed 83 83 2 feed 80 80 3 feed 77 77 mixed feed 55 55 mixed Grain 72 72 i Barley beef 1 . 6 Row 136v3 137 i no 2 . 6 Row .136vj 137 a 3030 1 . 2 Row 134 134vj my de 17138 or my 172v7 by Corn de 46 m j or 152w my 15531 i by Oats de or 783.i my 773j by 733.4 Rye de or or Chicago 170w 173 a 161 151% 1547s 156% 171 173% 161vj 78vs 76% 73h 152 157v2 81 77 116b no Jamr my 3095e 31354 317v 308 i 312% 3165-e 306 309vi 317 2633.4 264 170 173 172 160% 151 155 a 157 Boli 78 73 118nom 124nom 124nom 30431 3083.i Prici noon 65 kinds 166.80 13 7 85 golds metals oils 139.65 165.98 162.08 Calls for big changes beef futures 31003 3020 3020 3110 3025a 3050 York a Robert w. Haack president of the York Stock Exchange called Lere for a major restructuring of his organization the world s largest securities mar Ket. In a speech before the eco n o m i c club of York Haack criticized segments of the securities Industry for Bla Tant gimmickry and expressed concern about the growing shift of trading volume away from he big Board to less rigidly controlled regional exchanges and the Over the counter mar Ket. Haack said the securities in j Coustry is being fragmented by j practices involving a rebate or partial rebate of brokerage commission fees. For example this could involve a broker receiving a commission from a customer then being billed by a third party for research or other services at an inflated Price. Payment to the third party then would be routed Back to the customer. Haack said he believed a major reason for fragmentation of the securities Industry was the big Board s fixed rate approach to brokers fees and proposed that ultimately such fees be negotiated As they arc i in the other Market places. J a total of cattle 925 calves hogs and 200 sheep and lambs were offered for Sale w e cd n e s d a y morning at the Union Stock Yards St. Boniface. Trading on this morning s cattle Market was uneven in both demand and Price. There was not the same keen demand for top grades of steers As ear Lier in Hie week with prices ranging from 25 to 50 cent lower from the High Point i of the week. Top grades of heifers were limited and held generally steady. Cows met an improved demand at fully steady prices. There was no Bull Market is i to abolished. J replacement cattle were Active at fully steady prices. Stock calves were under pres sure with losses ranging from 50 cents on steer calves to As much As on Heifer calves. A f e w veal calves sold steady. The hog Market was a Shade lower. Lambs were to be sold by auction wednesday afternoon. The following quotations Are up to 11 . The Winnipeg beef futures Market was moderately Active tuesday with trades in the november and March futures at prices 10 Points below to 13 Points Over previous close. Volume of Trade monday was 20 contracts. The maritime potato futures Market was inactive tuesday. Inquiry entered at prices even with to five Points below cur rent Levels but there were no transactions. The potato futures Market was inactive monday. Choice steers sold mostly -30 to 30.50, with Odd sales to 30.80 Good 29.50 to 30 medium 27 to 29 common 25 to 27. Choice heifers 28 to 28.50 Good 27 to 28 medium 24 to 26.50 com Mon 21 to 23. Good cows 21.50 to 22.50 medium 19 to 21 can ners and cutlers 12 to 18.50. Ood and Choice veal calves 44 of 48 medium 35 to 43 com Mon. 20 to 34. Good Stocker and feeder steers sold from 30 to 35 medium feeders 28 to 30 common 25 to 27.50. Stock heifers. 26 to 28. Good Stock steer calves 36 to 41. Good Heifer calves. 31 to 32.50. The base Price for hogs ranged from 24.40 to 25.05. The ii . Price was 25.05. Tues Day s average 25.10. Vancouver most Active Toronto stocks Richardson securities wednesday november 18, 1970 Richardson securities wednesday november 18, 1970 industrials or cd steel .650 650 can brew 6% capt in into 380 370 Cunn Ham drugs 1000 1050a get Nat land 95 95 grow wine b 295 295 int brew 525 500 Lon arc smelt 180 175 Neonen 290 280 Okan Heli 305 305 Okan Heli w Usa Pac West air 600 600 Sun Publ a 2900a 2900a Sun Publ b 3000 3000 West her w 75 90a oils mines Adera eng 34vi 39 Alwin eng. 73 71 Anuk r mrs 19 19 Arctic Gold 19 18 Arling Silv 23 Atlas exp 72 70 Benson mines 20 20 Bornite Ridge 12 12 Brenda mines 800 800 Brennac mines 38 Aramco 19va 19% Atla Richfield beneficial Fin 453a Beth steel 20% 20% Boise Cascade 45% Burroughs Campbell soup 29% Caterpillar celanese corp 55v4 Chrysler 25% 24% cons de 22% Continental car 7% 7vj Crown Zellerbach 29 Curtis publish 101 a 100 Dart Indus 31 a Deere co 36 35% Doug Macdonell 16va Dow chem 63v Dupont 20% 17w Eastman Kodak 67% Elpaso 16 a 16 a Federal Pac 10 a 10 a Ford motors 49 Gamble Skogmo Gen electric 85 85 a Gen foods 79% 79vj Gen motors 72 a 71% Gillette 41% Goodrich tire Goodyear tire. 28 a 28 it Atla 8. Pac 25% 25% Gulf Oil 27 a 27va w e Heller 21 Home fake 27 27 a hse hold Fin 39% 40 ism int l Harvester 23va Johns Manville 34va 34% Kimberly Clark 29w Kresge 53% 52% Minnesota eng 853a 85va Montgomery Ward 27% 27 Newmont 24% 243a n am Philips 22% 22% Northrop 17% 17 a Polaroid 63vi 63 radio corp 22% 22% re pub steel 28va Reynolds Tob 47 a 46% Royal dutch 43 Safeway a. 3014 29% Schenley 24v4 Sears Roebuck 69% Shell Oil 42 a Socony 53% Perry Rand 22% 22 Standard Oil 67 66% St Reg paper 34va Sunstrand 20 20 a Swift 27% technicolor 14 a 4va Texas 31% Texas Gulf 15% Union Carbide 36v2 36v4 Union Pac 38% United aircraft 30 29% . Rubber 18 . Steel 29% 29% Westinghouse 62% 62% Woolworth 34vs 34 Xerox corp 83% . Ply Champ 27% 27 produce wholesale Crescent fruit co. Ltd. Wednesday november 18, 1970 cabbage Man no. 1 50 ibs. Cooking onion Manitoba Green onion cat. Green top Pepper Call potatoes Man. Washed ads. 75 ibs. Radishes cello 6 of Doz tomatoes Cal. 40 in. Case 9.25 commission House prices butter non tend Erable .66 eggs weighted average wholesale value of eggs . Winnipeg As reported by the Canada dept. Of agriculture tuesday november 17, 1970. Grade a Large 38.0 Grade a medium 30.9 Grade a Small 19.0 All poultry prices live no. 1 to producers delivered Winnipeg except Chic Ken broiler Chicken broiler -.19 Chicken 4-5v2 .18v2-.21 Chicken -.21 Chicken Over a .2d -.24 fowl under 4y, .03 -.05 fowl .03 -.05 fowl Over .07 -.10 Turkey broiler .22 Turkey hens Turkey Komsi .24 Toronto closing prices on selected Mutual funds sup plied by the companies directly or through brokerages. They Are prices at which the securities could have been sold bid or bought bid ask Abbey nth am fund . Special All can com All can div All can Ven american growth am. Gen. Growth Andreae equity associate investors Beacon growth Canada growth Cana Gex can Gas Energy can invest fund can Scudder fund can Sec growth can . Gold fund can trusted can fund capital growth Chase fund collective Mutual Commonwealth into competitive capital corporate investors corporate invest Stock cd Commonwealth into lev Dominion compound Dreyfus Ettarea investment exec fund cd exec inv into Fidelity trend Fonds collect if a Fonds collect if b Fonds collect if c Fraser growth gis compound gis income growth equity guardian growth Harvard ios into ids venture Industrial growth International growth i Vest Keystone cd Keystone Cust so Keystone Cust s-4 Keystone Cust k-2 Keystone Polaris Lexington research maritime equity Marlborough Mutual accumulating Mutual Bond Mutual growth Mutual income Nat Rusco natural resources . Equity . Financial . Growth Xone William Street Oppenheimer fund pension Mutual performance plus . And n. Fund planned resources principal growth Putnam growth Regent fund Roy fund Sav inv pret it Rev Sav inv am pret spec Taurus timed investment fund United accumulative United horizon 1.06 1.06 2.16 6.54 7.15 7.57 8.27 3.24 3.54 4.47 4.91 15.14 16.5s 3.71 4.05 4.67 4.72 5.59 6.14 5.00 5.49 8.52 8.87 12.42 13.65 4.12 4.52 17.23 17.23 4.10 4.51 5.18 5.66 4.56 5.01 54.77 57.51 7.79 7.99 7.62 8.33 5.27 5.79 11.19 12.26 5.90 6.47 4.83 5.28 4.28 4.68 2.78 3.05 4.41 4.79 10.37 11.36 5.30 5.79 5.77 6.32 3.37 20.31 22.20 5.53 6.04 4.87 5.02 7.77 8.49 2.43 2.66 7.74 8.51 2.98 3.28 5.48 6.02 6.70 5.93 6.50 4.82 5.28 3.26 3.56 5.30 5.85 5.47 5.97 12.99 14.20 5.47 6.01 16.22 17.70 3.68 4.02 4.36 4.76 2.98 3.26 13.33 14.57 2.69 2.94 3.77 4.12 4.58 5.04 8.69 9.10 3.96 4.36 4.43 4.87 11.38 11.94 6.65 7.27 4.65 5.11 3.48 3.82 4.23 4.65 12.75 12.75 6.83 7.46 6.62 7.2s 2.02 2.21 10.04 10.24 4.93 5.42 3.86 9.45 8.37 4.76 6.13 9.25 8.25 4.79 2 25 i United american 2.601 United venture 1 35 Universal savings equity Jug i Western growth 2.751 Winfield growth j-25 Xanadu i York cd of cd i funds. Delayed tuesday prices Adana Beau ran Champion Mutual Fonds Desjardins a Fonds Destardins b growth Oil and Gas investors growth investors into Mutual investors Mutual provident Mutual prov Stock cd Radisson 3.51 8.65 7.66 4.81 5.58 8.42 7.55 4.36 6.05 6.05 4.18 4.59 2.38 1.86 3.31 6.40 5.74 3.62 3.34 4.13 2.61 2.04 3.64 7.03 6.31 3.96 3.66 4.49 1.81 1.98 38.32 41.61 6.79 7.42 3.67 4.31 20.90 9.60 10.50 6.00 6.57 4.79 5.24 6.05 6.61 4.69 5.14 2.59 Canadian Jami son mines Ltd., 25 cents Jan. 4, record dec. 15. Imperial tobacco co. Of Canada Ltd., cents dec. 31, record nov. 27. Dec 1 mar i May sugar no. 11 mar May by John Meyer a recession in 1970 is out of the question or so it was being said late in 1969. How could there be one when business was mounting an other significant increase in capital investment at that time capital investment was being projected As substantially ahead of 1909 an increase of ii per cent in Canada 10.5 per cent in the . The preliminary estimates were somewhat higher at least in the . At mid year after the estimates had been reviewed an increase of 14 per cent was projected in Canada. In the ., the mid year re View reduced the increase to 6.5 per cent. In actual fact of course capital in vestment in Canada during the first half Aas Well off the indicated trend line As it was in the . While the final figures Haven t begun to emerge As yet. Invest ment Here could have declined. In real terms and been Flat in the . Now Mcgraw Hill has done its preliminary Survey of 1971 investment intentions and finds a 2 per cent increase the lowest in 10 years. This compares with the publishing company s finding of an 8 per cent increase in 1969 and 1970. It also projects a 7 per cent Rise in prices for capital goods and their installation so that there la be a net decline of 5 per cent in physical volume. Mcgraw Hill cautions that these Are preliminary findings and subject to con to name review and Amend in e n t that reservation needs scarcely to be made after the experience with projections for the current year. Business of Vansly has plans for renovation and expansion feet it Feas Seft Jer he of Safe Tarry is the As 3o Shew As is which the Stock Market had generated. It s difficult to remember even after the interval of less than a year How High Hopes had been raised and it Fallows How unrealistic. Canadians were More phlegmatic than americans but could Canada be seriously in trouble if the . Was so obviously not the subsequent disillusionment could be reflected in corporation plan Ning. Both economies arc in the trough and indications of that upturn by the year end which was so frequently promised continue to be difficult to find. The Short age of renovation and expansion funds is quite real for corporations whose mar gins have been narrowed and in Canada there is the further drag of uncertainly about taxation and Canad an Content requirements. For All that there is the danger that the upturn when it comes could catch Many corporate planners unaware. It caught them so at the beginning of the six tics when politicians were campaigning to the cry of getting the Economy moving when it was already show ing obvious Progress. Thai sort of experience could very Well be repeated certainly there is nothing to suggest politicians Are More sophisticated about the Economy than they were then. Canada does have inc potential for a sustained real growth of 5-5li per cent a year. Business has to main Tain a substantial annual increase in investment to realize that potential. We should be Able to look for a somewhat better showing in the coming year but whether Well have it de pends upon a Host of factors not the least of which is How much in profitability government is prepared to allow. Jul beef cattle dec feb a apr 2883 .123 422 425 2758 2813 2845 2764 2326 2854 418 j20 422 421 422 2817 2807 2812 2847 2850 2930 2925 2925 noon Dollar Montreal Cim . Dollar in terms of Canadian funds steady at 1 i. Pound Sterling steady at York it Canad an Dollar Clown at 97 Ftp Fil in terms of . Funds. Found Sterling Down 1-32 at 1-Lfi. By the Canadian press Tower corp. Of Canada Ltd., nine months ended sept. 00 5970. S-i.249.000. 40 cents a stare 1969. S4.420.000. 60 Jia Tagami Lake mines Ltd. Nine months ending sept. 30 1970, s5.78g.ooo. S3 cents a share 1969. . 86 cents. Northern and Central Gas corp. Nine months ended sept. To 1970, 42 a share 1969. 43 cents. Farm Trade curbs called threat she

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