Winnipeg Free Press Newspaper Archives Nov 19 1971, Page 46

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Winnipeg Free Press (Newspaper) - November 19, 1971, Winnipeg, Manitoba46 Winnipeg free press. Friday. November Toronto 1mj . Stocks distribute by it Toronto Stock Oiw in cents marked Una lot tits Wex warrants. Net change is from previous Board lot closing Sale. Industrials Stock Abi Tibi Acklund 2p acres Ltd acres a or acres it Agra. Ind Alta Gas t Alta Gas p Alcan Alcan or Algoma St Alliance b Almin 2p Anglo car Anu Stalne arts 250 p Argus b or Argus c or Asbestos Atco ind at sugar at Sug Pratl Sug w Auto Elk Mil Bank n s Beaver eng b Lum Beaver a belong w Bell Canad Bell a or Bell b or Black p Black p Block Bros bomb Der Bovis Cor Bra Malea Bra scan Bright Bronco by Forest by phone a Mph 4 or Bruck b blvd Auto Budd a w Burns ads cad Dev cad Dev b p cae ind Calgary p Calgy 540 p Campeau can Cem l c Cem l p can malt c packs can Perm can brew c brew a c Cable w cd manag c Goldie c Goldie c Hydro net sales High Low . Chat a c 1825 5% 5% 325 Lovi 1500 9% 9% 50 383a4 200 210 210 210 100 350 350 350. 200 8% 8% 150 48 48 15% 25 9365 405 778 1 i 11 a 200 275 270 275 5 25 36vi it Els 1244 12% 2521 523% Stock silts High Low . Cage Caln r l 150 Flo a 10 a Lovi Crest Bra 350 300 295 300 -10 Crown test 250 13 13 crush into 100 i 17% cygnus a Al 5 a d l 1441 js4v4 54 54 380 28v4 200 it 200 20% 20 a i 240 7so 13% i 915 329 a 200 390 390 390 375 475 18 18 a 100 7 7 7 39vi 6 6 it 8 8 33 29 6 30% 33 29 28 200 700 70 250 1325 75 543 43 63 100 125 125 125 100 5 a 13989 15% u it 5735 28% 28% 1000 8 12342 is l p is savings Psi Mark of ind Oshawa a Oshawa w Pac Pete cancan i pennies to Petr Ofina. Phillips cd pow corp Price com prov rank org readers d Reed Oslo Reichhold Riley d Ripley int r Little r Little a Roth in a Rothern 2p Royal Bank Royal test Russel h Russ St Cem a St Maurice Wayvette Scot York Scot mis or Seaway or Shell inv p Shell inv w Shell can Shepherd silvered a Simpsons Simpson s Sklar m Slater St Slat steel p Slater 6 or Slat w can Southam Stafford St Brodist St paving steel can Steinig a Stuart hse supt St com sup test of sales High Tow . Cage 115 529v2 29v2 29 a so 325 325 325 m s 200 v 200 s7 7 7 355 22 22 600 380 370 370 5 115 20w a 10000 490 490 490 5 45 45 8% 12v4 6 6 165 165 165 17v2 82 77 77 485 485 485 165 165 145 400 400 400 .115 622 17% z72 555 200 335 330 335 100 200 300 300 300 4800 -200 5% 5% 300 340 340 -10 35 2744 200 720 100 zoo 200 225 272 1005 100 200 Stock sales 1075 trader 65 w 450 trader 66 w 500 trader 69 w 400 trans air to can pm to can i p High Low . Cage uv4 170 410 430 170 405 425 200 330 330 1084 534 34 165 41w 170 -20 410 425 5 330 34 to can a or 24 542 62 62 trans it 238 20% 20% trl Zec cup 1100 165 165 165 tru Wall 100 255 255 255 in car bid .100 in Gas 2125 vib Ven Power 2000 110 110 110 Vic "210 34w walk go 668 Weld web. 832 11v4. A Seburne coast it 3400 58 8 8 a w pet a p 1000 .529 29 29 we steel z25 513 13 -13 w can be e d 2400 455 455 455 w realty. 100 i 108 13% a 150 475 700 55% Suppis a White Pas Wile y Oil wooded a Zenith 200 900 15 -9% 534 s23ve 22% 22% 225 220 225 Stock la Luz la Lac lost River Lou Vicrot Lou Vicrot Lytton Madeline Madsen Malartic Man bar me Intyre it Wright mylar m nub mime new ath new Cal n dimes n. Kelmore Newlund n que Ragl Noble m mor Acme verb Aska Norlex e North Gat n Rock sales High Low . Cage 300 210 1300 181 440 1000 11 1000. 11 11600 105 342 210 2200 60 z7 1200 750 500 Al Al 3220 289 3000 11 z300 15 2000 57 13 5000 2000 300 610 900 95 2000 600 205 180 420 11 11 100 210 60 50 29 61 20 20 26 26 276 11 15 56 50 29 205 181 .440 11 11 105 210 60 50 29 61 20 26 280 11 15 56 26 13 .610 26 sales to noon 500036 100 2312. 410 200 30 s37 100 550 400 14% 100 305 305 230 460 .460 21 37 2900 100 350 300 100 35 3 my 21 i 37 305 5. 460 -15 mines 9% 125 125 125 4. 245 260 260 -5 -10% 10% Stock Acme Gas aka itchy sales a 2000 500 of High Low . Cd g c23 39 23 39 320 1 43 23 39 320 43 lob co 700 Svi 5% Tor Mont Tor do by Tor. Star b 501 19% .200 9 9 3910 440 435 435 5% "125 it 200 175 175 ,175 100 i7v2.m7v2 800 .7% v8 z11s 7% 7% 300 400 240 .24 240 z25 310 310310 50 28 28 i 50 28 28. 1w 290 5 410 4795 s26v2 26% 175 37vi 200 500 19v2 -50 1500 67 66 66 2 700 425 425 425 10 100 7% 73a 700 6 6 1400 34v4 100 460 34vi a 100 350 350 350 z25 16 16 970 zoo pvt pvt 600 175 175 175 s 1050 9% 12vi 100 14% 14% 1200 9vj 10 i 75 68 68 Vij 200 275 275 275 200 825 pvt i 1125 22v4 22% i 212 18% i 100 309 300 300 100 7425 61w 62 t i 200 250 250 250 350 31vj 31% not 2500 105 100 100 1515 j5vs 25v2 240 35 35 Allied eng 700 325 am 500 43 Ang u dcv.-. See list below. Afore 1100 i l 11 in at c cop z142 43 43 43 ban Keno 1200 580 575 580 Bary exp 700 100 -99 "100 Betlem 950 is i Rameda .1500 78 78.- 78 1 Broil reef 1000 21 21. 21 Brunsk 6730 300 283 285 Cam mine 5000, 33 32v4 33 Camlo 200 275 275 275 can Arrow 1000 16 16 can Nisto 8000 .7 "7 cent Pat 100 135 135 Chest vile -1200 Climo Columb m c Callinan c Durham c Marten c Morin con Negus c rambler cop Fields Craiget. Ostland 16 7 135 _ t 1 -2 2 p eld per Denison discovery dome d explore dynasty East Sull f mar get Mast giant Yak Gran Droy Granduc Gran Isle v Green per huds Bay Hydra sex int Bibis t int Halkiw int Mogul Iron Bay t Irish cop Iso Jon Smith Soutel Kam Kotiza Kerr add Kirk min l Dufault l Shore 5500 98 98 98. 3 1000 ".30 30 z200 6 6 2000 80, 3000 1251 120 120 400 130 129 130 1000 6tt 6 a 500 130 130 130 1033 105 101 101 115 725 725 725 to 7v2 2500 44 44 44 915 20 20 z220 62 ,62 62 i Ope ska open end p Asbestos Pac Coper amour Patino pee exp pick Crow Pine Point Placer Prado exp Preston pure Silv q Matt Grin que Sturg Ray Rock Rio roman Ryan Sherritt is Lyme. Starck Steep a Sullivan Sunburst e Tara Teck Cor a b Tex Mont Tex Ore Tex sol Wombill Fontine m Ormist m u Siscoe Westfield Witco. Or Harg Fyk Bear Ulappa 13 605 95 25 see list below. 1882 480 .475 475 4300 6 650 765 777 26 1600 142 493 -45 1 15 1 10 1 1 1 4 1 s 5 2 a 205 180 4308 514 8500 45 180 z 755 24 138 200 180 180. 755 26 140 200 180 5 .3 5 3 1 Stock Milt City Nat Pete n cont n Davies no oils Northly sumac pan Ocean Page pet Perm Peru petrol place g Ponder oils Ranger. T Scurry in Siebens Spooner total pet total p a p j Canso u Canso w Ulster pet voyager p w Denalta world we 170 190 54 6 490 60. Sales 1900 100 900 500 800 1500 3965 2513 945 100 140 1200 36 2300 25 1750 130 700 98 z200 50 1000 196 3220 600 800 825 4850 89 1900 590 100 500 360 High Low . Cd g 170 190 54 6 485 60 11% 930 140 36 21 126 98 50 170 190 54 6 465 60 11% 940 140 36 25 126 98 50 3 1 -5 1 1 -4 196 196 4 10% i 800 2500 500 695 60 137 435 300 235 825 88 565 13 355 60 136 430 650 235 825 88 565 13 355 60 137 435 660 .235 -10 1 -30 -10 1 1 5 5 15v4 16 65 65 z105 20vz 20% .141 21 21 1200 120 120 1jo -100 570 570 570 1300 225 220 220 900 20 20 "20 1568 9 --9 i 400 105 105 105 zoo. .12% 12% 100 500 500 500 17000 12 12 500 6v2 1150 12 -12 1500 17 17 22 205 250 10 12 410 365 38 10 52 46 55 140 220 109 primary distribution the shares of the following companies May be considered As being in primary distribution through the facilities of the Exchange pursuant to a statement of material issued shares. Ang u Dev 60m 70 67 67 2 Ken flav Toronto Market Toronto up Gold issues edged moderately higher while prices in All other major sectors of the Toronto Stock Market drifted lower in Light mid morning trading today. The Industrial Index was off 24 to 163.65, base metals .14 to 70.97 and Western oils .38 to 97.47-. Golds were up 1.01 to 45.80. Volume Fay 11 . Was shares compared with at the same time thurs a. Declines outnumbered and ances 87 to 77 with 160 Issue unchanged. Beverage Industrial mining merchandising. And a t i 1 i t y sues moved lower banking 1 refining steel and Genera manufacturing issues climbed Norlex 11600 30 25 salad food Fri in 17 205 250 -10 410 365. 5 2 z51 34 1760 208 1900 255 3800 0 16515 300 415 800 375 4500 40 1500 10 2000 52 1000 46 1334 55 9601 155 100 220 700 110 z200 825 111 102 10? -9 2700 405 400 1000 15 15 15 38 -10 52 46 55 140 220 110 2 -1 2, 5 oils Stock 500 103 500 545 440 250 11500 52 2150 445 400 775 9500 6 500 340 100 650 5700 21 z360 14 2000 9 z25 23 100 695 2100 300 2500 9 400 112, 2500 8 1500 61 1000 35 350 655 218 2 103 545 250 50 435 775 6 335 650 18 17 13 9 23 695 295 9 110 n 7 61 35 656 2 103 545 250 52 435 775 6 340 650 it 17 14 9. 23 695 295 9 112 2 5 2 2 5 _ a -10 -1 7 61 35 655 2 1 3 5 sales a net High Low . Cage 2600 10% 10% a z2s 215 215 215 Alt East g 7100 590 585 585 Alminer 405.500 49s 500 id -2000 8 8 Vij a quasar p 100. 510 Sio 510, Samera 1700 13 Ashland c 300 stove Lovi it 3300 580 ,575 575 -5 Brazlor of "220. 225 .225 225 5 14459 -68 67 68" 8200 -105 105, c sex Gas 2500 310 ,-jf6 310 c Home std 300 760 c Reserve 100 525 525 525 can sup. 0 .-.125 36 36 can to Lent v.20fl to 800 cent Del Hso chieftain d 200 825" 825 825 can -200 235 232 232 -11 dynamic z350 83 83 83 Houston 0 -2300.171 Houston w 1000 70 70 70 5 enter tech 500 n 80 80 5 Lochiel 2200 125 123 .124 Toronto up Salada foods Ltd. Of Toronto said it has agreed common shares of Canadian food products Ltd., of Toronto to a. Toronto group for an undisclosed Price. Salada s holding represents 98 per cent of. The issued shares of the Stock wid be sold to a group that includes members of the Del Zotto family who Are Active in a r b u s and Louis Breg Rhan major shareholders of Bagel Ltd., Home bread bakery and pie tree Ltd. Salada is a wholly owned subsidiary of Kellogg co. Of Battle Creek Mich. Canadian food products operates bakeries and restau rants in Ontario and Quebec. Its 1970 sales were about million. Fractionally higher. Texas Gulf Sulphur lost to Imperial Oil i to Noranda to Canadian Imperial Bank to and Bethlehem to total Pete was. Off .20 cents to Abi Tibi is to Calgary Power is to Dominion Bridge to Chrysler 1 to super test Ordinary gained is to. Bank of Montreal vib to Beaver lumber is to Canada Cement to and Shell a to investors potatoes maritime potato wednesday. Futures no trades mid can m z 500 42 42 42 Northern tar chemical and Ltd., nine months ended sept. 30 1971, profits 16 cents a share 1970, loss 21 cents. The Market s late and Sharp decline thursday probably Points to further softness in Early trading Friday analysts say. They generally attribute the downturn to disappoint ment that the Market was unable to sustain a mild rally of the two previous ses Sions. Brokers say some investors who had been to see whether further gains might be produced stepped in to sell some of their holdings when the Market showed no sign of further strength. Brokers add that investors continue wary about the Workings of economic phase 2. They say some question How effective the machinery will be in stimulating the Economy amid reduced unemployment arid controlled inflation. Brokers expect volume to continue Light Friday As it has been in recent sessions. They say Many investors including some institutions Short term forecasting urged Toronto up Canada needs an objective Short term economic forecasting group in addition to the economic coun cil to advise on probable Impact of current policy Mea sures Anthony Hicks president of the Canadian life Assurance association said monday. Or. Hicks told the Canadian club of Toronto More accurate forecasting of snort term trends would reduce the risk of poor timing in fiscal and monetary changes. He said a widening Gap among government business labor and Consumers argues strongly for 0% formation of a National consultative Council re presenting Al four Power centres that would work to Gether toward a set of National goals and or. Rats Waco also is pres Jdell of life assonance co. Of Canada Montreal serious world eco Borjac prob lems Leif owing Ore wafted states of its eco nomic prowess almost i Cresien appear to prefer to stay with their commitments pending economic indications on the Progress of phase 2. Volume thursday totalled shares which is about average for the week so far. Brokers add that there will probably be some fur ther hesitation Early Friday with investors awaiting president Nixon s address at the Al Cio convention. Brokers add that the mar Ket generally was weighed Down thursday by weakness in the realty in vestment Industry. A Large number of the issues showed Sharp losses up both the nose and the american Exchange. The issues were heavily traded and brokers Sav the Selling generated some general gloom among investors. Weakness in the issues is ascribed to a real estate in vestment company official s forecast of a decline in earnings growth for his company and. The Industry. Meanwhile brokers say that the Market May soon confront the 800 area of the Dow Jones Industrial average a breakthrough probably bring in More Selling brokers say. They consider 800 an important psychological Factor. They also say that a sue c e s s f u 1 holding action around 800 could develop into a base for later gains. However some analysts Are reluctant to project whether the Market will hold at 800. The Industrial average closed thursday at 815.35, off 6.79 for the Day. Revenue officials see votes lost Beaver takeover backed by Susan Hoeschen Macmillan Bloedel Ltd., the Vancouver pulp and Pape giant has thrown its weight be Hind the bid by Molson Indus tries Ltd. To take control o Beaver lumber co. Ltd., of Winnipeg. The Macmillan Bloedel Deci Sion probably Means the Suc Cess of this bid from Montreal for control of the Winnipeg Wood products company. George b. Currie vice president finance of Macmillan Bloedel said i n an interview rom Vancouver thursday that loth Mol sons and Beaver dumber have been informed that Macmillan Bloede accepts e offer. Molson industries is offering both classes of Beaver lumber dare holders four Molson class common shares plus in Cash for five Beaver lumber Sharps. Beaver lumber has common and class a shares outstanding and the Molson offer is said to be Worth about million. Beaver lumber Stock is not closely held by one individual did approach Macmillan Bloe Del before the offer was made to see if it would be acceptable. We told them we would not oppose it As Long As it would not harm our relationship with either or. Currie said. Cattle a total of 100 cattle 100 calves and 650 w Ere offered for Sale Friday morning at the Union Stock Yards so Boniface. There were insufficient Macmillan Bloedel and Beaver lumber have Long had a close relationship and the Beaver distribution system is very important for Macmillan products. Mol sons is also an important Macmillan Bloedel customer because of the cardboard used in making Beer Cartons for Mol son breweries Ltd., a industries subsidiary. We think the offer is an at Tractive Currie said. He added that although Mac Millan is not critical of Beaver lumber management the present management had been informed of Macmillan s Deci by Don Leblanc Vancouver up provincial governments May ultimately lose votes because of Federal tax Reform legislation provincial Revenue department officials said wednesday. Representatives of the on Tario and Saskatchewan govern ments. In papers presented to the Canadian tax foundation s annual conference said it May be difficult for provincial governments to convince taxpayers a few years from now thai higher taxes were necessary then to compensate for Revenue lost under a Federal Bill which takes effect Jan. Roy Lloyd of Regina Saskatchewan s budget Bureau director said several provinces will have to raise taxes to maintain Revenue after. Of a guarantee that they will not lose income because of the new legislation. The provinces to Levy these taxes on their own. Providing the provinces meet certain conditions Ottawa has agreed to handle collection. Or. Lloyd said the proposal left most provinces cold. From the Point of View of uniformity in the National tax Structure it would appear that greater uniformity would be achieved if one government established death duty legislation than i f 10 governments were turned Loose to establish their own death he said. Michel Belanger Quebec Treasury Board Secretary said there is an increasing risk that the combined effect of the Capi Tal gains tax a new tax on in vestment profits included in the Bill and succession duties income up the investors group of Winnipeg reported net in come of the nine months ended sep tember. 30, 1971j compared to for the compar Able period in 1970. Because investors was unable to determine the in t e earnings of great West life. Assurance company before this year figures for 1970 earnings do not include investors share of great West earnings investors share of great West earnings for the first nine months of this year was income from investment certificate operations was. For the nine months in 197 and. The year before. Income from manage ment operations was this year com pared to in the same period in .1970. Income from Trust operations was compared to the year before. New Hydro Power Deal signed under the terms of a new interconnection agreement Manitoba Hydro will sell to Ontario Hydro Over Mil lion Worth of Hydro electric Power by april the ratified by the Cabinet on nov. 10 and approved by the lieutenant governor on nov 12, Fina Lizes a series of negotiations conducted the last three years. The new agree ment replaces one originally entered into by the two utilities in 1956. During the first year of the new agreement and commencing april 1, 1972 Ontario Hydro agrees to Purchase a maximum of 50 megawatts kilo Watts and to take delivery of this capacity at least 80 per cent of the time. The commitment increases to 100 megawatts in april 1973 and to 200 megawatts in 1975 a and 1976 the agreement also provides for 200 megawatts with the amount reverting to 100 megawatts in 1977 and terminating on april the Power will be delivered Over an existing line and two new transmission lines under construction from Manitoba Hydro s seven Sisters generating station on the Winnipeg River. The agreed Price will be per kilowatt per year. The total value of sales in the seven year period will run in excess of million. For Ontario the availability of this capacity from Manitoba will Post Pone until 1978 the necessity of expanding the existing Thermal generating Plant at Thunder Bay. Manitoba Hydro in return has a guaranteed m a r k e t for Sonie of the Hydro electric p o a e r rapidly becoming available from the Kettle station on the Nelson River. The. New High voltage inter connection lines will also assure More dependable service for both utilities in the event of any Type of emergency. Manitoba Hydro is presently negotiating a new inter connection agreement with the Saskatchewan Power corporation to replace the existing agreement which will terminate in november 1972. Ton Craft Ltd., nine months ended sept., 30 1971, a share 1970, appointments the Maryborough hotel laughter steers or heifers in i Sion to support this morning s Light receipts to establish quotations. A few cows sold steady to Strong. Offer. Molson industries has closed that on nov. 15 it Dis Pur replacement cattle and Stock j chased common shares calves were on the Plain Side i of Beaver lumber or about 18 and sold steady. J per cent of the outstanding the hog Market was 30 cents shares at a share. Ower i the disclosure was made m Good cows sold from s22 to i the formal offer mailed out to s3, with sales to medi j an Beaver lumber share hold no to canners and ers today cutters to j Good Stocker and feeder steers sold from to me Grain inspection j Ian Bloedel has acc unrelated a i substantial number of snares i through Trust companies. Shares can be held by Frost companies without tie names of t h e beneficial owners being made Pobric or. Corrie a cold not reveal the Veinberg of Beaver shares in Mac Ifft Bjo Edd. Alcor dog to k. C. Kennedy. Beaver the base Price for bogs ranged from s24j25 to s24.i3. The ii . Price was thursdays average cars inspected nov. 16.1971 Thi syr. Last or. Wheat .1453 Oats 40 Barley Rye 25 flax s3 rapeseed 81 offers grand total 2372 Cou tract a feat to was Node. Or. Carrie or Briffet fent cml 36 waste dec. 26 five years from now we can anticipate a jump in provincial rates of he said in a Aper read by Craig Francis a Saskatchewan budget Bureau analyst. Somehow i feel that it Molson May be a Little difficult for provincial governments to convince the Public that these increases Are the result of the implementation of a new tax system in 1972." ii. Ian Macdonald Ontario s Deputy treasurer and Deputy economics minister said the the takeover new tax Law does not measure up to the task of serving the interests of Canadian federa Tion. I in a paper read by William Stow an Ontario government economist or. Macdonald said the b Al Only succeeds in enshrining the boundaries of the Federal fiscal the papers were presented at a panel discussion during the final Day of the foundation s 23rd annual conference. Finance minister Benson has said that under the new Legisla Tion the provinces win receive what the present income taxi won have yielded through Federal pro Vocial tax sharing a j Range ments. If the new system i does not yield what the Oksys Tern won have yielded then the Federal government will pay i the difference to the provinces for five years. D. R Clark a Federal finance department dec oboist said the depart Iaeck estimates 3re prov inces win so Tose any Revenue Der org the period Voder the new sow is net be Cser Tive is also develop the differences in succession he said in a paper read by p. E. Moreau Quebec s assistant Deputy Revenue min ister. Or. Belanger or. Lloyd and or. Macdonald were unable to attend the conference because of Federal provincial ministers talks in Ottawa. Gordon c. Hutcheson 1130 21 99 112 12 1932 Monarch life sales Rise the Monarch life Assur Ance company of Winnipeg reports sales of individual policies for the first nine months of 1971 at verses in the same period the year before. Sales of group policies for the period were compared to in the comparable period i 1970. Assets at september 30, 1971. Were an increase of Over the position at the end of the first nine months of Ough he was manager of the Canadian inn in Brandon in 1965 1966 and 1967 he was named Manitoba hotel Man of the year. Or Sneesby joined the Marlborough in 1935 and has since held a number of staff positions. He was appointed night auditor in 1950, and assistant manager in 1955. The appointments Mark a further step by the hotel to strengthen its services to the travelling Public and to those responsible for planning business meetings conventions and club banquets a s200.000 modernization program was completed in the hotel s South Wing this summer. Per atoms for the period were Cwm Patch to year before. Fegte Ink free. Is. 1. Fully winterized

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