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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 3, 1974, Lethbridge, Alberta TSE PRICES UP IN ACTIVE TRADE TORONTO (CP) Tae Toropto stock market wai moderately higher in active midmomlaf (radial today. The induf trUl Indei, codiidertd the main indicator of market tread, me to 215.81, folds to Ol IS ud western oils S Ot.1t. But roeUli' to 108.01. Volume by 11 a.m. wu 1 TO million shares, up from 1.31 million at (fee samp time Tuesday. Advances outnumbered 179 toMU with 1C Issues unchanfed. TranoCaiUKla PipeUnH row to Alcan Vt to IMH, Imuco to WlVi, Cominco tt to and Bank of Nova Scotia Vt to fMtt. falconbridge Nickel fell to IMU, Walker-Gooderham A H to Royal Trust Vi to and Canadian Tire A Vi to ttttt. Pamour increased H to (19, East Malartic to and Camflo to Dome Mines lost to and Quebec Sturgeon Vt to WH. Ranger Oil Canada added 1 to Ml and Scurry-Rainbow to MONTREAL (CP) All sectors moved higher in heavy trading on the Montreal Stock Exchange today. Volume at 11 a..u. was shares, compared with at toe same time Tuesday. Banks rose 1.49 to 277.36, utilities 1.15 to 14505, the composite .64 to 225.11, industrials .63 to 239.83 and papers .25 to 135.07.. 1MASCO rose Vt to S31K, Hudson's Bay Oil and Gas Vt to Total Petroleum to Consolidated Bathurst 'Vi to and Canadian Imperial Bank Vi to Among speculative issues, Troilus Mines dropped one cent to 40 cents on a volume of shares traded. VANCOUVER Prices were w> ta moderate tradlag Ttfatfey M the Vancouver Slock ran volume of In the Caaterra wu up M at .33 on Flnnlnf TrKtorwas after tradinf Canron wu at HZ. on Fields Stores wu at 117.50 en 1.108 ibvet. Block Bros, wu down .05 at and Thermo was down .01 at .60. Mines leader was up .17 at 81.17 on shares. Comoileated Coast silver wai up .03 at .53 OB' IB, IM shares. United Hearn wu up .M at .51 on Arcadu Explorations wu up .01 at .75 on shares. Silver Standard climbed .11 to 13.70 and Charta Mima was up M at .9. In the oils, River wu up .01 at .52 on slum, while Warrants A were down .01 at .25 on a turnover of Davenport (Sown .01 at .79 snares. Cop-Ex was up .06 at .45 on August Petroleum was up .03 at .48 and Plains Petroleum was up .01 at .20. "NEW YORK (AP) A modest technical rally nudged stock market prices higher today in light trading. The noon Dow Jones average was up 3 05 at (49.66, while gainers held .a slight lead over losers on the New York Stock Exchange. Analysts said the advance is based mostly on buying by traders attracted by the depressed prices of many issues. The slow pace of trading showed that many investors were still cautious because of high interest rates, inflation, and other worries, brokers said., UiTiroyal. unchanged at was the most-active stock. Among Canadian issues, Mclntyre was up 2 to and Alcan Vi to Dome Mines dropped Vt to Chicago markets CHICAGO (AP) up against a scarcity of buyers and most farm commodity futures on the Board ol Trade closed sharply lower Tuesday. Soybean futures were down 20 cents a bushel and soybean oil 100 points, both limits. Corn closed 10 cents lower and oats were down 6 cents, both also limits Wheat was down 18 cents, 2 cents short of the limit. Soybean meal lost a ton The selling on the opening was largely a carryover from the previous session But it persisted in soybean oil and as buyers backed away the limit decline was reached within 30 minutes. After midsession nearby soybeans touched the limit briefly and backed off Corn and oats touched limits in the last hour but there was some resistance to the absolute bottom in deferred, or new crop, options. At the close, soybeans were down 17 to 20 cents. May wheat 13 to 18 lower. May 3 97; corn 9-ft to 10 lower, May 2.58 and oats to 6 lower, May J.15. Grain quotations Tuesday: Wheat: May 3.97; Jul 3.80; Sep 3.81; Dec 3.85 Corn: May 2.58; Jul Sep Z.SOVi, Dec 2.38; Mar 2.42V4. Oats: May 1.15, Jul Sep 1.19, Dec Mar 1.20. Winnipeg grain WINNIPEG (CP) Although trading was light, futures prices turned higher at mid-session today on Uie Winnipeg Commodity Exchange Flax made the biggest turnaround, and ranged from 16 cents a bushel lower in one month to 11 higher in others. Rapeseed was generally higher as much as 11'cents in a light trade. Rye continued to gain as much as cents -a bushel in moderate activity.1 Tuesday's volume of trade was 352.000 bushels of flax, of rapeseed and of rye. Mid-session prices. Flax: May 8 higher 9 34A, July 10% higher 8.81A, Oct. 11 higher 832A; Nov 16 lower 7 90B. Rapeseed Vancouver' March not open; June 4 higher 5.67A; Sept. 8Vi higher 5 48A; Nov. 9 higher 5.40A, Jan higher 5.06B Rapeseed Thunder Bay. May 12 higher 5 53A, July 11 higher 531A; Oct. 4 lower 5.23A. Nov. and Dec. not open Rye: May 10 higher July higher 2.37A; Oct. 6% higher 2 27A: Dec. 6 higher 2.23B. Grain quotes Tuesday basis Lakehead. High Low Close Flax May 926 926 926 Jly 870V4 Oct 821 821 821 Nov 806 Hapeseed Vancouver Mar 505 CMS wayi of railing the money needed by the firm for 1U takeover of Scuny-Raiatow OU Ltd. of HoS, which to effectively controlled by.Caaramn' Gas Co. of Toronto, has bid a for, the OOHHUMI Bwarw of Rainbow it dOM sot already hold. Home now controls 18 per cent of the ataaref bailed by Scurry-Rainbow. The cash offer repremta an MmUUo-for Larger butter imports expected committee told OTTAWA ;