Lethbridge Herald, The (Newspaper) - April 23, 1973, Lethbridge, Alberta
Monitor, April 23, 1973 THE LCTHBRIDGE HI-RAID 23 Gold stocks up at mid-session Toronto mines, industrials (11 (Supplied iJy Itichbrusou bccarities of Canada) LAST BIO OK SALE a.m. MINES .15 1.17 1.19 TORONTO (CP) Th2 To- ronto stock market's industrial index moved moderately lower while golds and base metals reached new highs for the year in light mid-morning trading to- day. The industrial index, consid- ered the major indicator of market trends, was down .36 to 223.46. Golds rose 3.41 to 262.68, base metals .19 to 104.38 and western oils .58 to 244.G1. Volume by 11 a.m. was 000 shares compared with 000 at the same time Thursday. Bank, beverage, industrial mining and food processing is- sues were among sectors of the market recording gains while communication, paper and for- est, pipeline and general manu- facturing stocks were higher. Declines were slightly ahead of advances. 93 to 83, while 145 issues remained unchanged. Imperial Life Assurance fall 2 to P'ruehaul Trai'er s's to S12. Nu-West Development to SlO's. Stuart Oil to and Alpa Industries to S12H. Banister rose to Tru- Wall Concrete Vz to Bell Canada to 843% and Algoma Steel to Among gold issues. Dome Mines was up to 885% and Campbell Red Lake i' to S53. Tar a rose s's to and Pine Point 34 to Madeleine fell 13 cents to and Falcon- bridge Copper Vg to Albany gained six cents to and Total Pete five cents to Sogepet slipped five cents to MONTREAL (CP) All sec- tors except utilities and papers declined in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian slock ex- changas at 11 a.m. was shares, compared with shares at the same time Thurs- day. Banks droppsd .79 to 271.67, industrials .59 to 243.00 and the composite .41 to 229.84 while utilities pained .36 to 159.20 and papers remained unchanged at 21.29. Or, the Montreal Stock Ex- change, International Nickel dropped 1 to Peoples De- partment Stores to and i Chrysler -A to while As- bestos gained Us to On the Canadian Stock Ex- change, Fallinger dropped 15 cents to on 27.350 snares. Acme Advocate Ast> Akaitcnu Braiwne broulim Bethlenem Brunswick Cdn NW Land Cdn Tung Casslar Lc.itral Pat Chin-.o Comvest Ccns Rambler Coin Lake (.raigmsnt Dickinson Mires Deniseil Mines Deer Hern D'Elcbna Do.ne Mines Alcrajia Discovery Mines East Af.aiartic East Sullivan Halconoridge Frocex Firsr Maritirr.es Giant Y. K. Granduc Hollingtr Hud M and S Hyrda Ex Irjn Bey bo Joliet Quebec Kerr Addiscn Anacon Lasracw Lake Shora Laogis Silver Madsen R L Malartic G F Martin McNeely Msclnlyre Mela Miorim Intern Mogul Nu Wast Homes Hew Athona New Calumet i.m. Pine Point Placer Dcv P C Exp Que-cc A'an Radiore Rio Algom Roman Corp SherrMt Gordon Stcap Reck Tek Corp Texmont Upper Cdn Western Mines Wright Hargreaves Willroy Wind.all Bear Zenn-Ec INDUSTRIALS Aiitibi Alcan Ainoma Steel Atco Ind Atlantic Sugar Agra Ird Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Suqar Bow Val Ind CAE Ind Cdn Brew Chemcfll ,2iVi Ccl Cell 13.00 Calgary Coron Credit C.W.N. Gas Pfd Cdn Ind Cdn Cdn Vickers Chrysler C.P.R. 53.12V2 Cominco .12 Cons Bath .17 Cons Gas 1450 Disf Seaqrems 10.87Vi Dom Bridge .16 Dcmtar Dom Textile .J5 KliVa (..CO 1.85 li.-J o iO !io 6.iJ .UJ 34.03 M .45 68.CU A'J l.li 2.85 74.12V; I'.W 3.60 4o.uJ 22.iO l.f.0. 2.15 .23 .15.00 3.40 .06 .75 .91 (11'.00 a in. Ouottsl 32.25 Grt Cdn Oil e.8 Gen Motors 3.10 Grt Lakes Pp Gulf Oil Cda 1.76 Greyhound Hawser Sid Hur Erie hiram Walker Imp Oil 32 27.i'J 3.25 17.03 1.59 23 2.98 1.30 1.13 .10 4.00 .07 11 37 Vj 22.25 .5.00 19.50 J.I5 32.25 Int NIcKel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentide Kell Doug A Loeb Loeo Loclow A Met Stores 17 37'A 1-erg 12.K 7.50 1? 00 "3.50 '3.25' 17.50 36.75 11 00 5 ,21' -''70' 2.SO 28.ID 1.85 4.10 13.75 21.2-i 16.50 Bice Moore Corp Mclsons A Molsons B Maciii.rs North 8, Cent Power Corp Price Co Si. Law Corp Shell CDA Simpson's Simp Steel cf Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trens Cda Pp Union Gas Union Oil United Siscoe West eel Unicn Carb Weston's B 39 Woodward's A West Cdn Seed White H Cop Mines 3.55 Dom S'ores Noranda Dome Pete Northgate 6.10 Dofa'co Norlex .49v'j Cable Osisko Glendale 20.00 850 14.75 38.00 24.50 17.50 Zenith Elec BANKS Cdn Imp Montreal Nova Scotia Roys' 30 26.25 11.62V2 26.1212 18.50 12.75 4.00 4.90 6.50 23.25 30.62' j 54.121.2 28.6212 27.75 8.8712 10.75 12.87V2 15.1512 15.JO 70 5S.50 32.75 34.25 16.00 19.12V2 22.CO 38.00 11.37V2 1625 P.B5 2950 17.3712 21.75 29.50 2.70 31.75 13.75 35.25 10.62Vi Tor-Dom Grain prices Winnipeg grain WINNIPEG (CP) Rape- seed prices worked slightly lower in a moderate x'olume of trade today on the Winnipeg Commodity Exchange, follow- ing confirmatica of lower price patterns in Chicago soybeans. Flax prices posted strong gains, advancing the daily lim- it cf 10 cents in July futures. Oats and barley were fraction- ally off Thursday's close in the nearby futures, but gained marginally in the deferred months. Rye prices were down to unchanged. Thursday's volume was bushels of flax, of rapeseed and 745, 000 of rye. prices: Flax: May 9 higher 5.11 '2A: 10 higher 5.05 M-B; Oct. 6 higher 5.00 Nov. 6 'i higher 4.84 %A. Rapeseed Vancouver: June 3 lower 3.S3 Sep. 2 lower ,1R2 riA: Nov. 3Vi lower 3.77 "iB: Jan. lower 3.76A. Thunder Bay: May 2 7s lower 3.65A: July 2 li low- er 3.65A: Oct. 3 3i lower 3.57 Nov. ''i lower 3.53 'JA. Oats: May Icnver 1.15B; July lower 1.14 %A: Oct. higher 1.07 "iA: Dec. not open. Bedey: May J.s lower 1.53 July unchanged 1.52A; Oct. 'i lower 1.50 Dec. 3i higher 1.48. Rye: May 1 'i 1.51 2sB: July 1 '4 lower 1.53 Oct. Ts lower 1.54B: Dec. changed 1.52 NEW YORK (AP) Stock market prices sagged today, re- flecting concern among many investors about continuing in- flation. At noc-n. the Dow Jones indus- trial average was down 4.59 to 958.61 and declines out- numbered advances on the New I York Stock Exchange by a wide i margin. Among Canadians on the NYSE. Inco dropped iVt to Massey-Ferguson to SISH. Walker-Goodsrham to and Alcan to Sea- grams rose to On the Amex, Scurry-Rain- bow drooped to and Ca- nadian Javelin Vs to Bras- can rose Va to Hog prices Gas 9.45 6.05 11.50 13.75 15S7'5 5.5S 4.5S ?.85 7.40 .23 5325 4.05 11.50 965 .36 3.20 9.75 33.CO 890 1.30 7.65 16.50 14.50 14.75 1.33 .27 .61 .38 27.00 17.50 12.63 14.03 6.03 6.59 6.33 6.96 3.92 8.20 slightly i EDMONTON (CP) Aver- of trade j age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 42.95, average Thursday 43.34. Red Deer: 42.50, average Thursday 43-05. Calgary: Nil, average Thurs- Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) LAST SID OR SALE a.m. Quotes" am. Crowsnest Indus 27.25 AGF Special Cygnus A Cygnus B Falcon Copper F and M Trust Genstar Home Oil A Home Oil B Hudson Bay Co. Hudson Bay Oil Hud Bay A Pfd H. P.ussell Pfd. Oil Hu-skv B Pfd Husky D War Husky E War inter Prov Pipe Inter Prov Steel Kaiser Resource 2.40 C Magnasonics Pacific Pete Pac. W. Airlines Pe-Ben Service Rainier Inc. Royal Trust St. Maurice Cap Sandwell Teiedyne W Cdn Seed Pro Westfield Min Weston 4Vi A Pfd White-Yukon PIPE LINE Alta Gas A Alfa Gas Alta Nat Gas Inland Nat Gas North-Cent Gas N-C Gss B Pfd 7 "871A Pacific Gas 540 Gaz Metro Metro A Trar.s-Cda. Pice Trans-Cda A Pfd Trans-Cda B 25.50 Trans-Cda War Westcoast Trans westcoasr a.m. Quotes) WESTERN OILS AND MINES Alta East Gas Alminex Asaiiera Ashland B.P. Canada Brands Mines Can. Southern Cdn Export Cdn. Homestead Cdn. Ind Gas-Oil Cd.i Long Island Cdn. Superior Charter Oils Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisls Great Plains Grt Cdn. Oil Lochiel Expl. Lytton Minerals Noble Mines North Cdn. Oils Numac PanCdn. Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rainbow Seibens Spooner Total Pete Ulster Pete Westcast Pete west. Decalta MISCELLANEOUS INDUSTRIES Acres Limited Aquitaine B.C. Sugar Pref 15.00 Block Brothers 3.00 Brinco CSn. Brew A Pfd 27.25 Cdn. Brew B Pfd 32.75 Cdn. Pacific Inv 3000 Crestbrook Ind. 9.00 Quotes) 254 7 75 Cdn Invest F 5.2? 5.80 7.75 Cmnw Inter 15.39 1691 1400 Cn-.n Lev 4.06 4.45 Cmnw Vent 7.95 S.7- 17 25 Corp Invest 6.41 7.04 Coro In St F 5.37 5.90 Dreyfus F U S. 11.98 13.13 Great Pacific 4.69 5.34 Gr In Snares 411 4.52 Gr Equity 8.60 9.45 Invest Gr F Invest Mutual 44 12Vi Mutual Ac 7.25 Mutual Gr F 3.90 Nat Res N W Gr Principal Gr Rcyfund ____ Temp Gr 12V? United Ac Tl'oo Universal Sav vV.i-_ Univest Vanguard J075 33.75 2225 48.25 55.25 47.00 :i 25 1075 14.75 3.10 30.50 12.75 5.42 4.86 7.C3 9.46 541 8.26 6.13 699 4.32 6.96 6.31 5.96 5.34 7 32 0.30 5.95 r.-38 6.73 766 64.50 14.25 STOCKS 14.75 05 98 27.37V3 CALGARY 1 ;5 Acrot! 3-5? Barons Oil 4.7s North Continental western Warner VANCOUVER MINES Aftci Atlas Explor Bsth Ncrse Croyden Dar.koe Davenport Dolly Varden Equitorial Rss Primer Pyramid Silver s'andsrd Valley Copper INDUSTRIALS Capt Inter Cc! Brew .54 .02 02 .35 20.25 11.25 11.00 23.75 12.00 4.80 67.50 38.00 70. C0 40.75 E.25 22.75 470 Hys Cdn MUTUAL FUNDS OILS All Cdn Com 7.6S 8.39 Albany Oils All Cdn Divid S.29 9.06 Plains Pete All Cdn Vent 4.01 4.38 Stampede Intl Res Amr Gr F 5.74 6.32 Western Explor 1.03 .'.3 .33 .20 .15 .16 .67 9.75 1 6S 3.25 5.00 1.15 .25 .07 average average day 42.70. Lethbridge: Nil, Thursday 42.25. LJoydminster: Nil, Thursday nil. Fort Macleod: Nil, Thursday Nil. Grande Prairie: Nil, average! Thursday 40.50. Fairview: N i 1, average j Thursday Nil. j Amr T T Aneconda Beth steel Chrysler Comsat Dupont GM Gul? Int Harvester Kenn Copper York stocks (Supplied By Richarason Securities of Canada) J2.B7i.-i Sears 21.00 X-Ron 30.25 Texas Gulf 33.37Vb Texas Co 51.50 Wickes Corp 173.53 Woolworth 99.50 20 Golds 269.03 Up 9.76 10 Base Met 104.32 up .13 23.25 15 W Oils 243.86 off .17 J1.25 Volume IB 73 NEW YORK AVERAGES 52.CX) 30 Indust 958.75 off i.t4 73.25 Westinghouse Elec 34.7S 20 7550 U.S. Steel 34.37VJ 15 30.00 Gen Tel Elec 23.62'A TORONTO AVERAGES Stocks jOi.38 off 1.27 Raiis 195.72 off Utilities 108.99 off .25 average I Montgomery Ward 23.00 20 Indust 223.28 off .54 Volume Calgary livestock CALGARY Receipts on the Calgary livestock mar- iA: iket were insufficient today to un-' establish a market in any cate- including hogs. LETHBRIDGE COMMUNITY COLLEGE Invites Applications For The Following Positions RN's To Act As Lab Positions Available length of Empioymenl Three RN's So start May 7 for o period'of eight weeks, 28 hours per week. One RN !o start May 7 for o period of four weeks, 28 Hours per week. QUALIFICATIONS Bachelor's Degree preferred Minimum R.N. DUTIES To supervise college S'udenis in hospital, clinicol crcas. CLOSING DATE Apr.l 17, 1973. Interested persons should cpply for the stondord "Applica- tion for Employment" form 1o: DIRECTOR OF PERSONNEL lethbridge Community College Uthbridge, Alberta Phone 327-2141, Exl. 216 SIMPSONS bears Canada's faslesl growing rclail business nas openino 4or COMMISSION SALES PEOPLE IN THE SEWING MACHINE DEPARTMENT rice vvill be given to those experienced and c1 ihc cbovc, ft cloitly rclcucd oreo Wcr tan you an ocporluniiy lor obcve mtomc end wide TOige c< bene'fits including o 3T1! hour work Apply in person lo: PERSONNR DEPARTMENT SIMPSONS-SEARS CENTRE VILLAGE MALI Clothing prices may jump in fall TORONTO (CP) Clothing; hit in March this year before 1 prices may jump 20 to 50 per j wool eased off to about 80 cents cent this fall, a Toronto tailoc i this week. says. Added to inflation in wages in "I don't remember when j mills, the higher raw wool price prices took a year-to-year jump j means that the price of woolen j like that and I've been in the fabrics lias about doubled in the business more than 40 more than 40 years. s said Orme Hawman in an inter-! view. i He said a pair of slacks now selling at S29.95 wil! i j be S35 next fall. Women's lines, now priced at will retail at j 1 SIJ.85. 1 Other clothing industry -wees said a shori-jre artificial fibres and Jes'.her is mainly behind the increase The price cf a cf jin- wool on She farm was i as low as 21 cents in 3971. rose i to 34 cciUs early in 3972 and in i October last year started rising l sharply. i A high of just s pound was past Vear Mr. HauTnan, a custom tai- lor, said woollen cloth for men's sport jackets lhat sold for S6 a yard a year ago now costs He a-jded that when other costs are added, a eastern tai- lored sports jacket that sold for season will cost SI53 zs old stocks of material are used up. At Jkchari's Lsdics Wear, a nine-store- suit and coat chain, manager Allan Kaplan said this' is Jhe first year manufacturers have not quoted firm prices Ihrough the end of Ihe season thev're desJOTed for. Lethbridge Family Service ANNUAL MEETING GREEN ROOM YATES CENTRE Wednesday, May 2nd, 1973 P.M. PUBUC IS INVITED Boost sagging profits I Brewery plans vast reorganization TORONTO (CP) The de- cision by Canadian Breweries Ltd. to change its name to Carling-O'Keefe Ltd. is part of a vast internal reorganization designed to change its corpo- rate image and boost sagging profits. Chairman John H. Dsvlin said the name change will simplify many aspects of marketing and promotional activities and more easily identify the company with the products it sells. Most of the changes are tak- ing place under the direction of the company's newly elected president Wilmat Ten- nyson. Mr. Tennyson said the com- pany is studying the possibil- ity of eliminating beer in cans in its Ontario market. It ear- lier discontinued such sales in British Columbia when it real- ized the can itself was becom- ing a major source of pollu- tion. "We decided to start at one place. I have not studied the economics of the other prov- inces, but sales in cans are very small in Canada.'" In additiin, the company has eliminated advertising for many of its brands. Red Cap, once Canada's largest selling ale, has become what other brewers term a "regional" brand. Some brands have been eliminated altogether under the company's cost-cutting program. MARKETS DANISH BEER In a move to bolster sag- ging sales in the United states, the company an- nounced last year it had signed -an agreement with United Breweries of Denmark to market Tuborg and Carles- berg besr? ;n North America. Canadian Breweries cur- rently has no "premium" brand in the U.S. and analysts expect the company to spend a minimum of S5 million pro- moting the new brands. Some analysts are suggest- ing the company should sell its U.S. brewing interests and invest the proceeds for a gresisr rate of return than it is getting in brewing now. For the year ended June 30. 1972. the company reported a profit of before ex- traordinary items, down sharply from in 1969, the year Rothmans of Pall Mall Canada Ltd. gained control of the company. Babson's Reports says be- cause compslitive products are so deeply entrenched "we are not optimistic that Cana- dian Breweries will achieve success quickly or even at all." "Costs of introducing Tu- borg are expected to remain high and could cause a loss before extraordinary items for the full year." The company is already looking to other areas as pos- sible sources of revenue and profits. In 1971 it purchased Phillips Brothers Oil and Gas, now Star Oil and Gas Ltd., and 50 per cent of a wholly-owned U.S. subsidiary Kodiak Oil and Gas Inc. In addition. Canadian Brew- eries controls about 33 pier cent of the Canadian wine in- dustry through such subsidiar- ies as Jordan Wines Ltd., Villa Wines Ltd. and Growers Wines Co. Ltd. The company has also purchased a wine-im- porting firm which handles several brands. Dollar value MONTREAL rCP) U.S. i dollar in tsrms of Canadian I funds at noon today was up 9.- 1 100 at Sl.OOU. Pound sterling up 1 1-5 at 1-20. I In New York, the Canadian 1 dollar was down 9-100 at j Pound sterling unchanged at I 9-20. LfFE INSURANCE (Initial Amount) (20-Year Decreasing Convertible Term Insurance) IT WOULD PAY YOU TO COMPAQ THIS WITH ANY OTHER TERM MONTHLY PREMIUMS (P.A.C. Plan) Age Age 35-SI0.06 Age Age Age Age KEN BELSHER OCCIDENTAL LIFE of CALIFORNIA 439A HOLIDAY VILLAGE Phone 328-0944, Res. 328-0994 The belted Radials Made differently to set a new performance standard Rayon belted Steel belted 3 649 5 798 FR70-14 Want steering control? Get it with A Rayon belts plus 2 full radial Rayon oiies. Extra deep tread for longer mileage, increased safety and better performance. WHITEWALLS 195-14 Guaranteed 40.000 miles! 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