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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 13, 1973, Lethbridge, Alberta Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCnaig Limited) LAST BID OR SALE a.m. OuotatJ Quottf) e.m. Quotes) TSE prices down at mid-session WESTERN OILS AND MINES TORONTO (CP) isues recorded fractional gains but other sectors of the Toronto stock market were lower in moderate mid-morning trading today. The industrial index, consid- ered a major indicator of mar- ket trends, was up .08 to 224.12. Golds fell .49 to 240.71, base metals ,40 to 102.48 and western oils .23 to 243.24. Chemical, communication. construction and material and food processing stocks were higher while bank, beverage, j merchandising and real estate issues were lower. Trading in shares of Venpo- wer Ltd. was halted, pending release of information. The stock closed Thursday at Occidental Pete rose l to Abitibi to and Peoples Department Stores VB to Chrysler was down to Consumers Glass to Rothmans to NSJ Marketing 45 cents to and Great West Steel to United Siscoe fell 50 cents to Tara to and Gibr- altar to Bankeno was up 25 cents to S7.45 and NBU Mines 15 cents to Canadian Bonanza fell 13 1 cents to and Peyto five! cents to Houston gained five cents to Southam Press Travelways to to Alta East Gas Almlnex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochlel Lytton Min Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrel Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Soooner Total Pete Ulster West Pete W. Deceits MISCELLANEOUS INDUSTRIES Acres Ltd Aouitaine BC Synar Rlcck Bros Brinco Cdn Brev.' A Cygnu: A Cygnus B 9.70 Falcon copper 6.10 F and M Trust 11.75 Genstar 14.00 Home A 15.75 Home 8 6.00 Hud Bay Co OuofM) in listless trading today as in- vestors took a breather from a four-day rally and sat back to what the Nixon adminis- Tn Boston, a two-pound bag inflation. that sold recently for 49 cents was reported retailing for 79 cents to 89 cents. In Los Angeles, where a 50- pound ssck of white oniions sold for about in January, the price now runs from to Beef futures WINNIPEG (CP) Live beef futures close Thursday- Sep- 41.45B; Nov 40.50N. Wednesday's volume: Six contracts. MINES Acme Advocate Asb. Akaifcho Sralorne NEW YORK (AP) Thej Bethlehem 11 i iii j Brunswick stock market poked downwards j can. N.W. Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler i tration was going to do aoout coin Lake 1 oo Craigmont Dickenson Mines Deniscn Mines Deer Horn D'Eldcna Dome Mines Donalda Discovery Mines East Malartic East Sullivan FaJccnbridce Frobex First Giant Y.K. Granduc Hollinger Hudson Bay M-S Hydra Ex. Bovis Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Lanpis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclnfyre Meta AAtdrim Mygul Nu West Homes New Athona New Calumet Northgafe w. Horse Copper Noranda .17 1.1B 1.18 2.60 Norlex Osisko Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock The noon Dow Jones average of 30 industrials was down 7.30 points at 956.73. Declining is- sues on the New York Stock Ex- change outpaced advancers 698 i to 416. Among Canadians on the New York exchange, Mclntyre was up Vz to Canadian Pacific Vs to S18Y4, Dome Mines to Inco to and Mas- sey-Ferguson vs to Seagrams dropped to and Granby Mining Vt to On the American exchange, 14.50 4.65 7.35 1.87 12-12 1.20 1.31 6.25 3.95 .18 .85 6.45 3.55 .08 Radiore Rio Algom Roman Corp. Sherritt Gordon 1 Steep Rock Tek Corp. Texmont Upper Canada Western Mines Wright Harflreaves 1.25 Willroy 1.15 Windfall Yellowknife Bear 3.95 Zenmac INDUSTRIALS Brascan advanced to while Quebecor slipped Vt to Electrical Contractors Association of Alberta Lethbridge Chapter Abitibi Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest Bow VaTlnd ,-jr Can Brew s'.io 2..'.S .45 Glendale .25 Grt Cdn Oil 30.75 Gen Motos 53.75 Grt Lakes Pp 2.95 Gulf Oil Cda .11 Greyhound 1.22 Hawker Sid .32 Kur Erie 27.62ft Hiram Walker 6.E5 imp Oil 17.12VI Imasca 1.67 mt Nicks) Int Pipe Inv Gp A Int Util Ind Accept Kaps Laurentide Keily Doug A Loeb .07V: Lofclav.' A Met Stores 3.95 .31 2.94 3.00 77.00 .17 1.15 2.30 3.00 73.nn 7.75 3.60 48.00 11.25 7.5f> 12.25 In view of the wage increase obtained by the Electrical Workers, the following suggested charge-out rates will be in effect from April 1, 1973 to March 31, 1974. BASIC UNION RATE (Average for period from April 1, 1973 to March 31, 1974.) WORKMEN'S BENEFITS Vacation Pay 44 Statutory Holiday Pay 29 Health and Welfare 15 Union Pension Plan 15 Workmen's Compensation 12 Unemployment Insurance 10 Canada Pension Plan 13 Total Workmen's Benefits 1.38 Total Labor Burden EQUIPMENT Service Truck Tools and Equipment 2.16 ADMINISTRATION Office staff Equipment and Supplies Building Expenses Insurance Bonding and Association Dues 2.88 LABOR AND CONTRACTORS PROW 1.37 TOTAL SUGGESTED SERVICE CALL CAE Ind Col Cell Calcary Power Coron Credit C.W.N. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Com-nco Cons Bath Cons Gas Dist Seagrams Dom Bidgc Domtar .17 Dom Textile Dom Stores Dome Pete Dofasco Cable 12.75 .15 Simpson's 5.12V2 simp Sears 4.53 steel of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Gas Union Oil Versatile Mfg United Siscoe Union 'Carb Westeei Wesfon's 6 Woodward's A 39.00 West Cdn Seed 34.00 Zenith Else 20.75 BANKS 9.25 Cdn Imp 14.75 Montreal Nova ScotiB 26.87IA Royal 17.50 Tor-Dom 2UO 53.75 18.00 37.75 21.00 11.00 2.9S 2S.25 1.85 71.25 1S.75 4.05 13.25 34.75 18.25 23.75 21.75 11.00 8.70 75.25 21.25 19.S-J 4.4U 31.25 33.25 32.25 26.00 11.75 24.50 18.50 8.00 12.50 7.50 4.70 6.53 23.00 20.25 30.67VJ 53.37V2 28.09 27.75 9.00 11.00 13.12VZ 15.50 15.50 20.25 S6.00 32.50 53.2S 16.25 62.50 19.25 22.00 39.00 11.25 16.75 7.00 8.25 17.75 30.00 22.00 29.25 6.00 2.70 31.62Vi 19.00 36.00 3M2Vi Grain prices Winnipeg grain WINNIPEG iCP) Rape- seed prices fluctuated margin- ally at mid-session on the Win- nipeg Commodity Exchange to- day, following uncertainty in i Chicago soybeans. j Flax prices were up two cents in most trading futures, oats and barley were firm to fractionally lower and rye fluc- tuated slightly on a broad de- mand. Thursday's.volume of trade was bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: May 2 higher July 2 higher 4.57B; Oct. 2 high- er 4.55B; Nov. not open. Rapeseed Vancouver: June higher Sep. lower Nov. higher 3.8iy4B; Jan. 2 higher 3.74A. Rapeseed Thunder Bay: May H lower 3.73V.-B; July lower Oct. unchanged 3.66B; Nov. unchanged Oats: May unchanged July lower Oct. lower l.OKi; Dec. net open. Barley: May J4 lower July unchanged 1.53A: Oct. unchanged Dec. not open. Rye: May lower l.SlVzA; July 1% higher Oct. 1 higher 1.53B; Dec. not open. Grain quotes Thursday (basis High Low Close Flax May 460 Jly 455% 454 Oct 54312 U.S. expects big share of Soviet grain buying By WILLIAM BOBBINS New York Times Service WASHINGTON The Soviet Union is expected to buy siz- able quantities of grair. again this year, though not as much as in 1972, department of agri- culture officials said today. The Russian purchase in world markets are expected to expected size of the Russian reach about 14 million tons, or grain crops, but an official said Government supports land move approximately half of last year's purchase of 28 million tons. The United States sold 18 million tons of that grain. Because prices are higher now, the dollar value of pur- chases by the Soviet Union for the 1973-74 crop year could reach as high as billion, I a department official said, with i the U.S. expected to get about half that trade. He based his prediction of U.S. sales prospects on the fact that supplies are lower in com- neting countries than they were last year. If Russian purchases of U.S. j grain this fall is 10 million tons j below last year's, it would put 1 less pressure on American food prices than resulted from the big Soviet deals of 1972. nisnt offtcials based i 460% 455 433 JIov 446 Rapeseed Vancouver Jun 398 386 336 Sep 386 386 NOV 387% 381 331 Jan 330 376 376 Rapeseed Thunder Bay Herald Legislature Bureau EDMONTON The Alberta government supports the fed- eral Member of Parliament for Medicine Hat and local ranch- ers attempting to secure graz- ing land at Suffield experimen- tal military field 30 miles north of Medicine Hat, agriculture minister Hugh Horner said Thursday. Agriculture Minister Hugh Homer declined to comment in the legislature on whether Suf- field is suitable for livestock pasture, say'ing simply that the province shorts ranchers who have petitioned the federal gov-1for crops have im- that the outlook was for re- covery of the sharp decline of last year. Soviet production war fell 20 million tons be- low the level of a year earlier. The trade reports on vessels chartered by the Soviet Union indicated enough vessels to carry about nine million tons of grain over th c 20 officials months, department said. That tonnage is in addition to the grain that might be car- ried by vessels chartered ear- lier. It also excludes grain that might be carried on U.S. or So- viet vessels. Much of the grain the Rus- sians purchased in the U.S. last year is still to be moved, large- j ly because of overloads on rail- roads and port facilities but much nor. ivtiroate of Russian pur- mally bought for future de- chases of grain in world mar- kets on new estimates of So- viet crcp conditions and in trsde reports from Europe in- dicating that the Russians have chartered large numibers of vessels suitable for carrying grain. OUTLOOK GOOD recent weeks the outlook eminent to use the area. Replying to Keith French Dr. Horner said the provincial agriculture department end the federal and de- proved, officials said. Winter seeded crops have come through this year with less damage than normal, one official explained. "Moisture conditions are planting of spring grain and the prospects of a better crop this year." There was no estimated of the May 384 Jly 382Vi Oct 370Vi Nov 365 Oats May 374 364% 360% 374 366 360% Oct Dec Barley Mav Jly Oct Dec Rye May 152% Jly Oct 153V4 153 153 152Vz 154% 152 108 153 152% 150% 152 152 151% livestock Calgary livestock intergovernmental affairs partment has asked the de-1 and spring is he j fence department in Ottawa to Isaid- IUDat i cossader the area for livestock grazing. Bert Hargrave, the Conserva- j tive MP for the area, is press-; ing the federal government to. i consider the matter, said Dr. Horner. Suffield, a mile federal reserve will 'be the site j of British Army training ma-! neouvers and natural gas ex-! ploratory drilling this summer.! Former Spcred premier Harry Strom said there are ex- i tensive corrals, fencing and wa-! ter available in the area. j Extra pasture is required be- j cause of drought conditions in i southeast Alberta, said the'' agriculture minister. Environmental Minister B i 11 j Yurko told Walter Buck Clover Bar) there is only nor-' I mal danger of grass fires at' Suffield. i Mr. Yurko said be has asked permission of the federal gov- ernment to send a provincial 1 soil expert to examine the area, but hasn't yet received a reply. livery. Last year's Soviet purchases included 19 million tons of wheat, nine rcQlion tons of oth- er grains, mainly corn and bar- ley. Indications are. however, that a large proportion of this year's purchases for 1973-74 de- livery will be in corn. The estimate frcm the de- partment of agriculture follow- ed a report of a sizable pur- chase of Canadian grain by the Soviet Union. SOUTHERN ALBERTA BUSINESS SAMPLER COMING WATCH Neiv York stocks (Supplied By Richartfeon Securities of Amr T and T Anaconda Beth steel Chrysler Comsat Decent GM Gulf Int Harvester Kenn Copper 52.75 Sears 21.75 X-Rcn 29.37'i Texas Gulf 3J.87yj Texas Co 53.53 Wickes Corp 171.50 Wcolworth 102.3714 20 Golds 239.00 cff 2.20 98.25 10 Base Met 102.16 cff .72 23.62'A 15 VI Oils 243.10 off .37 oo Volume 18175 NEW YORK AVERAGES 22.00 30 Indust 954.73 off 7.30 74.12V2 Westinghsuse Else 20 Rails 199 28 off .31 U.S. Steel 33.50 1S ino w M r 31.50 Gsn Tel Else 2825 1S U......K 1W-SO U'C- 23 TORONTO AVERAGES B Sticks 332.53 off 1.49 Montgomery ward 22.75 20 Indast 223.76 cff .25 Volume SASKATCHEWAN COMPANY withes to purchase a REAL ESTATE AND INSURANCE COMPANY IN SOUTHERN ALBERTA All inquiries held in confidence Pleose reply to Box 140, The Lethbridge Herald ENTER YOUR ANTIQUES AND COUECTABLES NOW for the 1973 Antique Auction: JUAL AUCTION SERVICES BOX 1545. CRESTON, B.C. Regular Working Hours {One Hour or less) Per Hour More Than One Heur Per Hour 15. 14.00 Overtime be charged en elf calls before cr after regular working hours as well os en Saturday, Sun- day, or Holidays in accordance with the Union ment, at double time which will be per hour. Mileage will be charged en service calls cuiside City of Uthbridge. HIGH RIVER AUCTION MARKET HIGHWOOD CHIANINA SALE APRIL 21 1 P.M. SELLING 100 COWS With Chianinc Calves At Foot Or Cows Al to Chianina Also 25 black, white faced ranch heifers Murray Grey FOR FURTHER INFORMATION PHONE 652-2677 CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m. today totalled 975 head, mostly replacements. Trade was active. Slaughter steers were steady; heifers 730 to 850 pounds steady as were cows and balls. j Al. A2, A3 steers 41 to 42.90.! Al. A2. A3 heifers 39.25 to! 40.90. Dl. D2 cows 32.50 to 34, D3 31 to 32.25, D4 27 to 30.50. Good bulls 34 to 37. Replacement cattle were mainly yearling steers 575 to j 750 pounds and yearling heifers j 550 to 700 pounds, fifty one head of top-quality yearling cross-bred bulls weighing 760 to 360 pounds sold 46.40 toj 48.20. Stock calves were mostly j i 400 to 575 pounds at steady; prices. i Good feeder steers 575 to 750 pounds 45 to 49.70. more than' j 750 pounds 40 to 45. Good feed-1 er heifers more than 550 j pounds 38 to 43. Good stock steer calves 300 to 400 pounds 48 to 57. more than 400 pounds 44 to 53. Good stock heifer i calves 300 to 400 pounds 45 to j 49.75. more than 400 pounds 41' to 47. i Hogs base price 44.60. Hog prices EDJW3N1W