Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 21 Jan 1976, p. 13

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

By Mary Stupart Most people have secret dreams of striking it rich one day on the stock marâ€" ket. But the closest they ever come to playing the market is buying penny stocks or purchasing low risk investments. For 3,000 high school stuâ€" dents in Southern Ontario, playing the stock market has become a reality, at least on paper. The students are particiâ€" pants in a stock market game organized by Wilfrid Laurier University‘s school of business and economics. The game was originally invented nine years ago for first year business students on campus by Prof. Ralph Blackmore, a former busâ€" iness columnist with the Globe and Mail. It became so popular with WLU‘s business stuâ€" dents that the school of business . and â€" economics expanded the program into Ontario high schools in Page 14 â€" Waterloo Chronicle, Wednesday, January 21, 1976 Regional news and views _ High school students find fun, knowledge in stock market game The game rapidly exâ€" panded from two schools in 1972 to 100 schools and 3.000 students in 1975. Toâ€" BLOUSES AND SLACKS Usualty sell for up to $14 99 ea amm»e IVIMMWINVT ALVL I VRLKL J mm Usually seils up to $5 99 $3 99 to $5 99 Vaiue FASHION SPECIALS , C suite you can weer yearâ€"round. Both come in a range of over 25 petterns and a wide colour choice Quality without the cost â€" 245 King St. W.Kitchener 745â€"3541 ar colours and patterns § to 46. In the Dunker Bidg. across from Kresges Hours: Mon.â€"Wed. 9 to 5:30, Thurs., Fri. 9 to 9, Sat. 9 to 5:30. Looks, feels and wears like intertock our competitors :..-;.“u.m yoursell. Over 25 radient shades. it‘s new and it‘s going to be very popular, for all aprir aportswear. See it today $5.99 Value * 60° Singioknits â€" prints and solide Incomparabie velue‘ The price is low, but every tabric is superior quality, in upâ€"toâ€"date colos The only mexpensrve part :s the prce * 45. Cofton Corduroy * 60 Acrylic Plaide * 45 Cotton â€" Prints and Solide * 45° Permanent Press Potyeater/Cotton * 60 Printed Jerseys * 45° Denimâ€"look Printed Cotton day, high school students from as far away as Niagâ€" ara Falls, Ottawa, Collingâ€" wood, Owen Sound, Orillia and Windsor are playing the game. in the stock market. In itself, it is an interesting topic. The game provides the students with firstâ€"hand experience about how the market works. It makes studying the stock market much _ more â€" meaningful because they have a chance to participate." The game is designed to teach senior high school business students how the stock _ market â€" operates. They are organized into small teams of four or five students. Prof. Jim McCutcheon, the coordinator of the game this year, attributes its rapid growth in high schools to the enjoyment and knowâ€" ledge the students gain from it. ‘"I think most people tend to already have an interest **We start each team with an imaginary $100,000. They follow the stock market in the newspapers and are allowed to buy. sell, buy on 100% COTTON EARTH CLOTH 9 99. 1.99.: and supert petterne. l"géf 99¢ A YARD‘ margin, short sell and purâ€" chase stock options with their money. You can do everything in our game that you can do in the real market," said Prof. Mcâ€" Cutcheon. This year the stock marâ€" ket game was split into two twelveâ€"week sessions because so many high school students wanted to participate. Sixty schools played the game in the fall term and 90 registered for the January to April session. The teams compete with each other to see who can make the most money on the market. Once a week, team _ members decide which stocks to buy and which stocks to sell based on the state of their investâ€" ments on the Toronto Stock Because we deal in volume and cut out middlemen by making most of our fabrics and fashions in our own mills, we save. And we pass those savings on to COME SEE THEM TODAY WEAR THE NEW SPRING LOOKS FIRST! Lots of exciting new fabrics, many exclusive to us, are in stock now. Serapi, Super Suede, Calcutta, Twistâ€"away, Crinkle, 6â€"0z. Lightweight Denim, Embroideredâ€"look Muslin. QIl 745â€"3541 *‘The printâ€"out lists their current holdings and capiâ€" tal position if liquidated. It also shows them how they rank in accordance with other teams in the province," said Prof. Mcâ€" Cutcheon. on the mail service,. alterâ€" nate _ delivery _ methods for the printâ€"outs and transâ€" actions had to be arranged during the recent postal strike. We set up a courier Since the operation of the game is so dependent Every Friday, they send a list of their new transacâ€" tions by mail to WLU‘s stock market office. Their moves are fed into the computer and a list of their holdings is compiled. This printâ€"out is sent back to the students by mail on Monday. Students on campus at Wilfrid Laurier University play the stock market game with an electronic tickerâ€"tape connected to the Toronto Stock Exchange. Here the game‘s originator, Prof. Ralph Blackmore. shows a student how to use the stock ticker. Exchange. service to four locations in Kipling Collegiate in Wes COMING UP... Karley & Kroetsch Constrn. Co. Ltd. 1 Adam St. Kitchener. Ont SAT. JAN. 24 10:00 a.m. Watch this space for future announcements of auctions This is the final sale for Karley & Kroetsch Constm. as they are retiring from the Construction Industry. 1972 Ford Custom â€" 1972 Pontiac â€" Champ Fork Lift 23° 5000 lb cap Holman 150 CFM complete c/w Ford Diesel motor CONSTRN EQUIPMENT Water Pumps. Hoses. Transit. Cords. Picks. Shovels, etc Scaffolding (steel), 8 Jaeger Constrm Oil Heaters. 2 Ceiling concrete Grinders. Power Dnils. Masonr§ Saws. Ptble Grinder. Skilsaws Shop EQUIPMENT Swingsaw. Elec. Welder. Acety. Welder. Welding Table. Vise. etc INVENTORY 75 cartons asstd. sizes nails. Plywood. Steel Door Frames. Bolts Nuts. Polyethelene etc 1 Barfordâ€" Fnesen 2 Roller Compactor â€" 1700 ib MANY MANY MORE ITEMS TOO NUMEROUS TO LIST â€" MUST BE SEEN â€" DON T MISS FLOOR CARE EQUIPMENT 2 Floor Sanders H D Floor Scrubber. HD Vacuum battery equipped Parking lLlot Sweeper. etc etc OFFICE EQUIPMENT Ex Desk. chairs. typewnters. calcuâ€" lators. adding machines. 3M coping machine etc _ e Rummelhart Auction Sales Co. 744â€"9679 578â€"0 Protessionals in the orderty liquidation of Construction, Industrial and Commercial Enterpnses 69 SYDNEY S., KITCHENER â€"(519) 7438221 _ TO SAVE $ $ $ PLAN TO ATTENDâ€"TO BUYâ€"TO SAVE TERMS: Cash. Approved companyâ€"Private Cheques. Full settiement sale day _ _ M. R. JUTZI & CO. Inc. FINALâ€"FINALâ€"FINAL AUCTION SALE : KEN GARVEY Licensed Auctioneer service to four locations in the province. _ Individuatl schools picked up the printâ€" outs and delivered them to other schools along their route. We had very good cooperation from the high schools. ‘They were enjoyâ€" ing the game so much that they were willing to put themselves out for it he said. The Toronto high school teachers‘ strike also caused complications for the orâ€" ganizers of the high school stock market game. Many students who were partiâ€" cipating in the fall game attended _ Toronto _ high schools. Enthusiasm for the game was so high that many Toronto players elected to continue it without the supervision of their teachâ€" ers. This determination paid off for a team from Loing . . . Coing . . #1 Kipling Collegiate in Wesâ€" ton which was declared the provincial winner. The winning team in the fall game increased its capital by $57,.229 in 12 weeks. However, only 43 teams out of 300 made money. The team that fared the worst ended up with only $54 left from $100.000. More than 300 teams played the game in the fall term and organizers anticiâ€" pate close to 500 teams will play from January to April. **We expect to have the largest number of players ever this term. In previous years, we‘ve just had 400 to 450 teams in a whole year." said Prof. McCutchâ€" Although each team aims to increase its original $100,000 capital by selling and buving stocks. very few teams actually make money or break even. As an incentive to the teams, the school of busâ€" iness and economics and Bell Canada provide troâ€" phies and prizes to the winâ€" ning provincial team and the winners of 10 regions. Provincial winners receive $250 and regional winners are awarded $50. The Uni versity also planned to host a banquet in honour of the winners in January but was forced to postpone it beâ€" cause of the Toronto teachâ€" ers strike. The _ rapidly _ increasing popularity of the high school stock market conâ€" tinues to amaze game orâ€" ganizers. ~ The winning team from Waterloo Region was Kitâ€" chenerâ€"Waterioo Collegiate with assets of $104.957. Initially. when the game was started. we had no idea it would snowball the way it has... We‘ve had a numâ€" ber of inquiries from Northâ€" ern Ontario schools to play the game but we‘re not sure how much more we can expand it." said Proft. McCutcheon. 11

Powered by / Alimenté par VITA Toolkit
Privacy Policy