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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 1, 1974, Lethbridge, Alberta 20-THI LETHBRIDQE HERALD Monday, April 1, Stock price up in early trade TORONTO (CP) Prices on the Toronto stock market were moderately higher in light early trading today. The industrial index, consid- ered the main indicator of market trend, gained .42 to 215.71, base metals 14 to 102.64 and western oils .21 to 256.48. Golds fell 1.72 to 572.84. Volume by 10 a.m. was 000 shares, down from at the same time Friday. Trading resumed at the open in snares of Brinco Ltd. The stock was up 1% to Stuart Oil gained to Shell Canada to Alcan to Hudson's Bay Co. to (19% and Stelco V4 to Alliance Building lost to Rank V4 to Magnasonic 15 cents to Numac Oil to and Albany one cent to 58 .cents. Market trends MONTREAL iCPi Prices were mixed in light mid-morning trading on the Montreal Stock Exchange today Volume at 10 a m was -.hares compared with 269 300 at the time Kndai Industrial rose 55 to 23930, the (ompuMte 27 to 224 69 and papers 10 lo I lt> O.i while utilities fell 50 to 144 00 uml kunk-, 14 to 279 18 Alcsn Aluminum rose 's to Chrysler Abitibi Paper and IAC LTD to il8 VANCOUVER iCP> Prices were mixed Iridav in moderate trading on tin Stock Exchange olume at the close was 2 561 582 shari'N On the industrials, board' British Columbia Telephone '.sas unchanged at So7 on a turnover ot 5 600 shares EDP IndiMno was unchanged al 18 on 5 MX) -.lures Thermo Plex luse 06 to SB un 5 (KM) slures Brothers was unchanged al Vi 70 on 4 900 shares Juniper was up 05 al SI 40 and Vwnuik Itesjuices rose 06 to 41 48 Mosi issue in the mines was liiendon He-source1 down 07 al 50 on .1 volume of 99500 shares Henrietta Ml to on 88500 shares Consolidated Fortune Channel rose 02 in 15 on 54 700 shares Cutlass was down 03 to 98 on 500 shares Green Eagle rose in Ib1 and Bathurst Norse rose 05 to si 45 In the oils Pavelte River rose 02 to 14 on bI 500 shares Davenport fell 08 lo 84 on 46 100 shares Mountain Slate was down 01 to 55 on 41 150 shares Since j Dpvelupment was unchanged ,ii on 25 700 shares Pavetle 02at 19and Vargas Mines was doxvn 01 al '9 NEW YORK (AP) Prices stabilized in the stock market today after last week s sharp drop The noon Dow Jones average was up 37 at 852 55 but declines held a narrow lead over advances on the New York Slock Exchange Metals issues, except for golds, were mosiK higher, and autos recorded fractional gains Amonj; Canadian issues, Alcan rose to and Mclntyre to Dome Mines was off '2 to S178 Livestock Winnipeg grain Calgary (ALGARY 'CPi Receipts lo 11 ,i m Monday irom the Calgarj public totalled aboul 250 head all sljughler callle Tiade was aclive wilh a good demand sijuKhler steers sold lo S3 higher wilh sales to 4850 Heileri sold higher with sales lo 4660 Cows sold lor quality with sales to 35 70 Sire-is ami heilers sold wilh heel premiums ol 55 included in Ihe pi it e Veers AI 2 and) 47-48 Hellers A1 2 ,md i 45-46 (owsDl and 2 34-35 03 12 1110 U4 27-11 SO I licit-were-no replacement cattle on uller Hops I o h algan. to 11am base PMC i 41 V) 41 Hog prices KDMONTON (CP) Average prices to 11am Monday provided by ihe Alberta Hog Producers Marketing Board with Friday prices in brackets t.dnionton 41 75 (41 601 41 bfl 141 35) Red Deer 4205 (41 601 Hogs sold 10 It a m 3 741 hogs sold 1-nd.n IK average 415) sows average 10 Metals LONDON (API Closing melals bid ask in pounds slerlmg a metric ion silver in pence a troy ounce Spot l 190-1 200 futures I 190-1 192 Tin-Spot I 650. futures i 628- Spol 304-304 5 tulures 311 5- 112 Zmc-Spot 714-717 futures 676-677 Silver-Spot 216 5-217 5 22h 5 227 3 montns Dollar value MONTREAL (CP) -US dollar in terms of Canadian funds al noon today was unchaneed at JO 97 11-50 Pound was. up 51-100 at 33 2-25 In New York the Canadian dollar was up 1-100 al 02 43-50 Pound sterling was up 53-100 at 39'i WINNIPEG (CP) All prices dropped in moderate futures trading jctivitv at mid-session today on the Winnipeg Commodity Exchange Flax, which had virtually no trade, had reached its 30-cent-a-bushel trading limit bv mid-session Rapeseed was active with prices down the 20-cent limit in several near months Rve which had opened briskly eased in both volume and price by mid- session trading at between 6J i and 10 cents a bushel lower than Friday s close f-'riddv s volume of trade was 1 082 000 bushels of flax, 1 804 000 ol rapeseed and 815 000 of rve Mid session prices Flax Mav 30 lower 9 36A Julv 30 lower 900'iA. Oct 30 lower 851A Nov .10 lowei 8 36A Rapeseed Vancouver March 20 June 15lower5 88B Sepl 14 lower 564 Nov 14 lower 5 56A Jan 14 lower 5 31A Rapeseed Thunder Bay May 20 lower 5 bl July 20 lower 5 40B. Oct 15 lower550A Nov 61ower554A Dec 5 lower 5 45A Rve Mav 7J i lower 2 42'jB July8'4 lowcr2iViB Oct 6'i lower 2 26'iA, Dec- 10 lower 2 ISA Currencies MONTREAL (CP) Monday s mid- da> foreign exchange selling rates supplied by the Bank of Montreal Australia dollar 1 46 Bermuda dollar 1 02 China renmmbi 4990 France franc 2100 Germany mark 3920 Japan ven 003570 Spam peseta 0170 Switzerland franc United Slales dollar 9750 United Kingdom pound 2 36 USSR ruble I 252.) Quotations in Canadian funds Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted Akaitcho Yeiiowknife Gold Mines Ltd., 15 cents, interim, increase of 5 cents April 29, record April 10 Bathurst Paper Ltd., pfd 26'i cents June 1. record May 3 Lethbridge School District No. 51 School Beginners for School Year 1974-75 To be admitted to grade one, a child must be six years of age on or before February 28, 1975. Any parent having a child to enrol in grade one for the 1974-75 school year, who has not been contacted by the school which the child will be attending, is asked to contact the school. For information as to which school your child should attend, please call 327-4521. OPTIONAL ATTENDANCE The elementary or junior high school which a student attends is determined by the boundaries established for each school. Students will nor- mally attend the school in their own attendance area. Since there are no attendance boundaries at the senior high level, students will attend the senior high which best meets their needs. The optional attendance policy makes it possible for elementary and junior high students to attend school other than the one which they would normally attend. A parent who wishes his child to attend a school outside his regular attendance area must make written application directly to the school of his choice before April A decision will be made by the principal of the desired school prior to June 7, 1974. Any student transferring under this policy will be expected to remain at the chosen school for at least one year. The Business Stocks Miscellaneous Vancouver, Montreal MMIud Dougherty Limited WESTERN OILS AND MINES Afton Mines 7.50 Albany Oil 59 Alta East Gas 7.3714 Almmex 7.00 Asamera 11.75 Ashland Oil BP Canada 15.37Vi Brenda Mines 6 87Vi Cda Southern 5 50 Cdn Export Gas 3 25 Cdn Homestead Cdn Ind Gas 9.50 Cdi Long Island .21 Cdn Superior 55 25 Chieftan Dev 9 25 Dome Pete 38.75 Dynasty 10.50 Fort Reliance 23 Giant Mascot 1.98 Gibraltar 11 1214 Granisle 9.75 Grt Plains 29 50 Qrl Cdn Oil 1100 Lochiel Explor 2.85 Lytlon Minerals 1.45 Noble Mines 82 North Cdn Oil Numac Oil 1687% PanCdn Pete 1300 Pan Ocean 1375 Petrol 1 81 Pinnacle .43 Place Gas .43 Ponder 54 Ranger Oil 38 25 Scurry Rainbow 22 75 Seibens 17 25 Spooner 35 Total Pete 8.75 Ulster Pete 1 22 United Canso 18 75 Westcoast Pete 6 12'6 West Decalta 7 50 MISCELLANEOUS INDUSTRIES Acres Ltd 10.CC Aquitame 30.25 BC Sugar C Pfd 13.00 Block Bros 3 80 Cdn Pac Inv A Pfd 34 75 Carlmg O'Keefe A Pfd 22.75 Carlmg O'Keefe B Pfd 27.25 Commerce Capital 3 25 Crest Forest Ind 9 00 Crowsnest Indus 27 00 Falcon Copper 1225 F M Trust 5 25 Genstar Home Oil A 51.75 Home Oil B 47 50 Hud Bay Co 19 Hud Bay Oil 44 25 Hud Bay Oil A Pfd 51 00 Hugh Russ C Pfd 80 50 Husky Oil 21 B7Vi Husky Oil B Pfd 39.50 Husky Oil D War 5 Husky Oil E War 9 Interprov Pipe War 6 Interprov S P 17 00 Kaiser Res 3 80 Kaiser Res War 2 00 Loblaw Co 2 40 C Pfd 27 00 Magnasonics 3.55 Pacific Pete 30 25 Pac West Air 8 37V4 Pe-Ben Oilfield 5 50 Rainier Inc 3 75 Royal Trust 26 12Vi Sandwell 7 00 Teledyne Tnmac West Cdn Seed westfield Mm Weston A Pfd Whitepass Yukon 4.60 7.75 4.00 59 8.75 PIPELINE STOCKS Alta Gas A 12.75 Alta Gas ptd 63.25 Alta Nat Gas 19 00 Gaz Metro 6.25 Gaz Metro A Pfd 64.00 Inland Nat Gas North Cent Gas 11.62V4 North Cent B Pfd 22.00 Pacific Gas Tr 10.87V4 Trans-Cda Pipe 31.75 rr-Cda A Pfd 59 00 Tr-Cda B Pfd 37.00 Tr-Cda Pipe War 4 75 West Tr 22.50 West Tr War 3.35 CALGARY Acroll 72 Barons Oils 10 N Continental 02 Western Warner .41 VANCOUVER MINES Atlas Explorations .32 Bathurst Norsemmes 1.60 Dankoe 3 30 Davenport 80 Dolly Varden 40 Equltorial Res 14 Lornex 8.50 Northair Mines 3.50 Primer 08 Pyramid .11 Silver Standard 2.65 Valley Copper 825 INDUSTRIALS Columbia Brewing 2 75 Key Industries 12 Wardair 1 SO OILS August Petroleum 45 Plains Pete 19 Ponderay Explorations 1 10 Stampede Int'l Res 86 MUTUAL FUNDS All Cdn Compound 6 39 6 94 All Cdn Dividend 670 729 All Cdn Ventures 340 370 Amer Growth Fund 4 57 5 02 A G F Special 2 37 Cdn Invest Fund 495 542 Collective Mutual 508 557 Comnwlth Inter 1351 Comnwlth Leverage 3.23 Comnwlth venture 5.96 Corp Investors 6 29 6 91 Corp invest Stk Fund 476 523 Dreyfus Fund US 1042 1142 Great Pacific 466 5 10 Grp Income Shares 3.02 3 32 Growth Equity 740 813 Investors Growth Fund 1208 1320 investors Mutual 5 74 6 27 Mutual Accum 6 06 6 66 Mutual Growth Fund 3 09 3 40 Nat Resources 4 83 5 31 N W Cdn 5 43 5 97 N W Growth 4 56 5 01 Principal Growth 446 490 Provident Mutual 7 40 8 09 Royfund 6 86 714 Templeton Growth 7 86 8 61 United Accum 4 4B 4 92 Universal Savings 790 869 Univest 581 6 36 Vanguard 6 24 6 83 Toronto industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb Akaitcho Braiorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Mantimes Giant Y K Granduc Hollmger Hudson Bay Hydra Ex Iron Bay Iso Joliet Quebec Kerr Addisort Key Anacon Labrador Lake Shore Langis Silver Madsen R L Malartic G.F. Martin McNeely Maclntyre Mela Midnm Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev Pax Exp Quebec Man Rayrock Radiore Rio Algom Roman Corp Sherntt Gordon Steep Rock Sunmngdale Tek Corp A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yeiiowknife Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco md Jan nock Agra Ind Bdll Tel Bratcan A BC Tel Forest 1 Sugar A Valley Ind 1 Ind O'Keefe 1 Cellulose 7 Power Credit Gas Pfd 1 Ind 1 Marconi Vickers Bathurst 10 Gas Seagrams Bridge Textile Stores Pete Mobile Cdn Oil Sands 20 Motors Lakes Paper Oil Cda 1 Sid 4 Walker 1 Erie Oil Nickel 38 Pipe Grp A Int'l Accept Douglas A 51 37 i A Ferguson Bloedell Corp A B Cent Corp Co 1 CDA 33 11 Sears Canada A Grp A 23 Mtn Pipe 18 Can Pipe Carbide Gas Oil 1 Slscoe Mfg A 1J87V4 Cdn Seed Zenith Elec BANKS Imperial 43 Toronto-Dow 1512% 1950 21 87V4 27.50 10.50 340 6 2300 230 1000 19.12W 3.60 1700 1725 1600 3050 27.37Vi 16.75 42.75 4250 2725 1075 1450 3850 31.00 625 1087Vi 4850 24.50 35.50 1700 6.50 2725 38 30.75 34.87V4 19.62 Vi 837VJ 1750 1800 425 5.00 9.75 385 650 1325 17.75 31.25 48.25 22.00 21.00 837V4 11 50 11 62V, 1562V4 7.75 New York (SipplM fcy RkharfcM SecwM 747 ComMt Oupont General Motors Quit int Hwvttttr Kenn Copper Montgomery Ward Seirt Exxon TexM Gulf Texas Co Wlx Corporation neavt MSO 3429 1M SO 90 37H 22 27.75 401JV4 23 75 03 i2vt 32 75 26.12H 14 75 1900 86214 12.25 32.00 13.50 47.00 14.75 1475 31 75 1725 9.75 1375 9.75 775 2225 2325 23 62Vi 385 280 2937Vi 1975 3700 3050 3950 EMC. US. 42.75 EtaC 24.37Vi TORONTO AVERAGES K> IMuMrMM 216 04 up .79 20 GoWi down 2.91 10 MfttW 102.67 up .17 15 WMttrn OIK 2M 07 down .20 Volum. NEW YORK AVERAGES 20 induttrMU 651 61 up 4 03 20 Rlita 1SS 81 up .73 15 UtlHtM 00 00 down 63 >9 StOcKI up Volurrw Caution advised on gas exports Supertanker port Le Havre, third-largest European port and the first to handle container ships, will be the only harbor on the Continent capable of receiving supertankers when its oil terminal starts operation in 1975. Le Havre has 15 miles of wharves on the French side of the English Channel. It will handle 100 million tons of merchandise this year. EDMONTON (CP) Alberta should move with greatly increased caution in committing new gas to export markets until the needs of local requirements can be fully assessed, E. W. King, president and chief executive officer of Canadian Utilities Ltd., said today. In a report to shareholders, Mr. King said caution is 6No excuse' for hay shortage EDMONTON (CP) Fanners were warned about watching feedstocks this winter and now there is "no excuse" for reports of cattle starving to death because of a shortage of hay, Dr. Glen Purnell, Alberta's deputy minister of agriculture, said during the weekend. "We advised farmers to watch out for their he said in an interview Saturday "We have discouraged them from depending on a roughage ration during this extremely cold weather." The government has a stock of about 500 tons of hay and tons of alfalfa, he said. "It isn't a free hand-out, it's available at a low cost. But it's better than letting the cattle starve to death." The province in co- operation with the federal government, also has a program available to help farmers bring in feed by rail, he said If beef prices were reasonable, farmers could afford high prices for feed but as it is, "the farmer does some brutal arthimetic." Asked about Ottawa's decision to open its beef subsidy to all grades of cattle arid lower payments to five cents a pound from seven cents. Dr. Purnell said "we're happy they've opened up the program but what assurance is there that the farmers are going to get the five cents any more than the original seven "The producer was getting no more than two cents a ound under the old subsidy." needed because the sudden world awareness of energy values and shortages has brought unprecedented attention to Alberta's gas resources, both for increased export and local industrial use. Canadian Utilities was receiving a steady stream of inquiries for information on supplies for projected chemical plants to be located in the province. The report said inflationary price pressure on all cost elements, including interest expense, prevented company earnings from matching growth in-revenue in 1973 Net 1973 earnings amounted to million, four per cent or below the prior year. After deducting preferred share dividends, net earnings amounted to a common share, compared with in 1972. Consolidated revenue for the year were million, a seven-per-cent improvement on prior year revenues of 7 million. Canadian Utilities, through its operating subsidiaries, Alberta Power Ltd., Canadian Western Natural Gas Co. Ltd. and Northwestern Utilities Ltd., provides electric and natural gas service to more than customers, principally in Alberta but also in British Columbia, the Yukon and Northwest Territories. Mr. King said inflation, which is occurring in every element of operating expense and which shows no sign of abatement, is eroding the earnings essential to the continued growth of the company Cattle rustling cases decline KAMLOOPS, B.C. (CP) Although more people are being rewarded by the B.C. Cattlemen's Association this year for helping convict cattle rustlers, the total number of cattle rustling cases is down in the province. "A lot of the credit for reducing cattle rustling must go to police action, observant citizens and the sportsmen, campers, hunters environment program said Henry Blazowski of the Association. Correction In our Day Ad which appeared In Satur- day, March Lethbridge Herald on page 12, the following Hem should have read TISSUI. Scon Tluiw In the lour roll pack Auortad colors 4 Limit 4 cuttorrwr rolli for 1 VMVl MONTHLY KEN OCCIDENTAL LIFE Oil firms plan delay in east price increase TORONTO (CP) Officials of two of the largest oil companies in Canada said Sunday they will delay for at least a month the price increase in gasoline and heating oil for consumers west of the Ottawa Valley. W. 0. Twaits, president of Imperial Oil Ltd., said the company plans to delay its increases for about 30 to 45 days in line with a federal government request Charles W Daniel, vice- president in charge of corporate planning for Shell Canada Ltd said Shell will not raise its prices until May 15. Oil export hearings under way CALGARY (CP) The National Energy Board will face a barrage of conflicting arguments when it opens hearings Tuesday in search of new guides on how much crude oil should be exported in the years ahead. Fifty-three briefs, some asking that exports be cut off entirely and others calling for almost unlimited future sales, have been filed with' the board. They come largely from petroleum companies and organizations but also include recommendations from provincial- governments and environmental groups. The hearings begin here, shift to Vancouver next week and conclude later in Ottawa. Federal energy minister Donald Macdonald had requested such a temporary delay for the increase worked out last Wednesday by federal and provincial leaders in Ottawa. Mr Macdonald told the Commons Thursday he had requested the delay until refiners had used up their inventories of crude oil purchased before the increase in the wellhead price. The agreement Wednesday allowed the price of a barrel of crude oil to rise to from the present level of where it has been frozen since last September. SOUTHERN PRINTING COMPANY LIMITED APPOINTMENT SAITO Southern Printing Company Limited, of Lethbndge, is pleased to announce the appointment of Mr George Saito as Sales Manager of its Commercial Printing Division George has had 20 years extensive experience in the printing and stationery field in the Lethbridge area, and would like to make available hir to friends and customers, old and new Phone QEORQE at.. 328-5114 1233 2nd Ave. South Ltthbrklge, Albevu LETHBRIDGE SPRING BULL SALE Wednesday and Thursday APRIL 3 and 4 Exhibition Pavilion AMRDHN ANGUS Shew: April 3 a.m. Sato: April 3 i p.m. Show: 7p.m. Sato: April 4 10 a.m. M W VEniTEJ En Ef CondueMdby Ulbbrli LMnbrMge, Alberta TU 10t ;