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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 2, 1973, Lethbridge, Alberta THE IFTHBRlDBt HERALD August 1973 Miscellaneous quotations Montreal by McCnalg LAST BID OR SALE a.m. a.m. a.m. WESTERN OILS AND MINES Albany Oils Alta East Gas AlmJnex Asamera Ashland BP Can Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chieftan Dome Pete Dynasty Fort Relaince Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lyrton Min Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Spooner Total Pete Ulster West Pete W. Decalta Cygnus A Cygnus B 1.13 Falcon Copper 7.90 F and M Trust 6 60 Genstar 10 Global Units 14.00 Home A 16.75 Home B 7.60 Hud Bay Co J.50 Hud Bay Oil 3 40 Hud Bay A Pfd 7.45 Hugh Russell 8 Husky Oil .20 Husky B Pfd 56.50 Husky D War 4 00 Husky E war 12.12V2 Hys of Canada 35-25 Inter Prov Pipe 10.50 Inter Prov Steel 27 Kaiser Res 3.35 Loblaw C Pfd 11 62VJ 31.00 Pacific Pete 8.35 PW Air 2 63 Pe-Ben Oilfield 2.01 Rainier Inc 1 25 Royal Trust 7.35 Commerce Corp 17.50 Sandwell Teledyne West Cdn Seed 1.28 Westfield Min Weston A Pfd White Yukon 7.75 7.75 15.00 500 15.00 44.00 Western Warner VANCOUVER MINES Aflon Atlas Explor Balh Norse 46 62Vz Crcyden 44.00 Dankoe 1800 Davenport 46.87V2 Dolly Varden 52.00 Equitonal Res J5 50 Gibraltar 24.50 Lcrnex 41.50 Primer 910 Pyramid 10 Silver Standard 4.25 Valley Copper INDUSTRIALS .35 10.12V2 50 67 06 1.90 .40V2 27 22 9.25 1375 3.55 2950 7.00 31.75 9.75 3.00 Cclumbia Brew Key Indust Wardair OILS Prp Explor Plains Pete Ponderay Explor .12 .17 1 2.1 9.50 275 .31 200 1.28 .25 .85 Stampede Intl Res 1 29 MUTUAL FUNDS Toronto. stock trading light TORONTO Prices on the Toronto stock market were lower in light mid-morning trading today. The industrial consid- ered the major indicator of market fell .74 to golds .34 to 293.38 and base met- .22 to 106.42 Western oils rose .28 to 247.75. Volume by 11 a.m. was 000 compared with 000 at the same time Wednes- day. Declines led 114 to with 144 issues unchanged. chemical and food processing issues were among market sectors record- ing while com- oil refining and rust and loan stocks were higher. Texaco Canada fell Vz to Noranda to Stelco to Consolidated .20 .72 .41 31 25 18.25 13.62V4 45 7.60 97 6.75 5.55 3.75 4.25 4.60 525 1.31 61.00 11.25 7.75 MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Ind Crowsnest Ind PIPE LINE STOCKS Alta Gas A 12.5C Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A Tr Can Pipe Tr Can A Pfd 22.87V2 Tr Can B Pfd 15 00 Tr Can War WC Trans WC Trans War CALGARY Acroll Baro-is Oils North Continental 7 U 7.54 830 3.71 4.07 5.45 599 2.80 5.13 5.63 5.88 15.01 16 3 94 i 33 7.51 825 6 24 6.85 512 563 13.00 2.75 25 CO 29 00 29.25 1025 29.50 All Cdn Com All Cdn Oivid All Cdn Vent Amr Gr F AGF Special Cdn Invest Col Mutual Cmnw Inter Cmnw Lev Cmnw Vent 71 Corp Invest 19-75 Ccrp' In St 1075 Dreyfus F U.S. 11 09 12.14 10.00 Gr In Shares 349 384 22 Gr Equity 7.75 8.52 11.75 Invest Gr F 12.61 1378 425 invest Mutual 591 65.00 Mutual Ac Mutual Gr F 58 Nat Res 39.25 N W Cdn N W Gr Principal Gr Royfund Tsmp Gr United Ac Universal Sav 6.35 IB 50 3 75 .60 .03 .01 Vanguard 6.10 3 67 6.27 569 498 4.51 6 72 8.65 655 6 71 4 03 6.25 547 4 95 7 C.5 9.44 576 873 7.18 Toronto industrials By Richardson Secnritles of LAST BID OR SALE a.m. a.m. a.m. Seed buying up Slew government of Canada grain hoppers are loaded at nick- named the Rapeseed Capital of Canada. Ed manager of ihe Saskatchewan Wheat Pool Elevator B in the town of 700 says farmers in the area have been buying more seed this year than they did at the start of 1972. Rapeseed capital seed acreage Sask. This central Saskatchewan com- munity doesn't intend to lose its nickname of the Rapeseed Capi- tal of Canada this year. MINES Acme Advocate Asb. Akaitcho Bralorne Brculan Bethlehem Bovis Can N w Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Wines Demson Mines D'Eldona Dome Mines Discovery Mines East WBIartic East Sullivan Falcon bridge Frobex First Mantimes Giant Y.K. Granduc Hollinger Hudson Bay M-S Hydro Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Malarlic G.F. Martin McNeely Maclntyre Meta Midrim Intern Mogul Nu West Homes New Athona New Calumet Noranda Norrhgata Norlex Ofisko Point 1 25 1.15 225 .43 16 12V- 2 30 530 7.85 2.21 10 62V2 1.08 1.13 3.85 .16 1.03 3.65 38.50 90.50 1.25 .4.20 2 85 78.25 .28 .72 9.20 3.80 45.7S 27.00- .31 370 225 .23 12.75 .35 -MOO 2.95 1.28 1.02 .37 54.00 .16 Placer Dev. Pax Exp. Quebec Man Rayrock Radicre Ria Algom Roman Corp. Shsrntt Gordon Steep Rock Tek Corp. Te.xmont Upper Canada Western Mines W H Cop Mines Wright Hargreaves 1.00 Willroy 1.12 Windfall Yellowknife Bear Zenmac 2950 29 50 14 1.38 .37 30.00 9.25 1700 us 405 .28 2 E6 3.40 3.90 Grt Cdn Oil Gen Motors Grt Lakes PP Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Hur Erie Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaos .16V2 Kelly Doug A 3.75 Laurentide Lceb INDUSTRIALS tobiaw A Abitibi Met Stores 32 Masjey Ferq McMillan Bloe 11 Mocre Corp Molsons A 1050 Molsons B Nechurs 17.87V2 North Cent 51 00 Power Corp Price Co. Rothmans 18.50 St. Law Corp 3350 16.00 10.2S 4.20 4.60 8.50 .14 .25 640 .32 .24 34.25 Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Suqar Bow Val Ind Cable CAE Ind Cdn Brew Chemcell 'Col Cell Calgary Power Coron Credit C.W.N. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom stores Dome Pete Dofasco Glendale 8.35 6650 22.75 35.75 4.50 5600 23.50 4025 31 37' 2375 2500 17.75 625 5.50 11 25 4.75 6 1800 21.50 3075 51.75 24 75 24 00 8 9 75 12.25 15 2S 12.25 Shell CDA Simpson's Simp Sears steel of Cda Selkirk A 5 Texaco Traders Grp A 1.90 Trans Mtn Pp Trans Cda Pp 15.00 Union Carb 3.55 Union Gas 15.25 Union Oil 25 United Siscoe 17.50 Versatile Mfg 32 75 Westeel 23.25 Weston's B 15.75 Wocdward's A 41.00 West Cdn Seed 3725 Zenith Elec 22.50 BANKS 875 Cdn Imo 14 50 Montreal 35.37VZ Nova Scotia 27 Royal Tor-Dom 9.00 11.00 1500 17.75 2000 3075 1650 1725 4.95 700 16.50 21 00 2275 5.25 240 30 33.50 35.00 35.00 New York stocks By Ricnsrdson Securities of Amr T and T Anaconda Beth steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper Scars X-Ron 26 Texas Gulf 2625 Texas Co 50.50 Wickes Corp 16675 Woolwcrth W.12V2 Westinqhouse Elec 35.25 22 75 U.S. Steel 28 75 IS 37T2 20 Golds 292.51 ofF 10 Base Met 10627 off 37 25 87'2 15 W Oils 2-17.88 up .41 32 Volume YORK AVERAGES 30 Indust 906.61 off 5.57 20 Rails 1W.W off .11 29.25 Gen Tel Elec 15 Utilities 97.42 off .87 27.8716 TORONTO AVERAGES 65 Stocks 27J.75 off 1 48 Montgomery Ward 20 Indust 218.13 off .33 Volume rocessing an a T003 4th Avenue tethbridge Telephone 328-4426 rocessmq ervices Dr. and Mrs. Kuipers HOME FOR 3602 South Parkside Drive Wtll built 5 bedroom family home with indoor pool and tropical 2 car garage with electric all draperies and many more luxurious features. Phone 328-4645. Grain prices WINNIPEG barley and rye were while rapeseed and oats de- clined in light mid session trade today on the Winnipeg Commodity Exchange. Flax was bid up its 20-cent limit and remained while mast rapeseed months recover- ed most of the ground lost in early trade when it was bid down 20 cents. Oats was as much as while barley and rje ad- vanced several cents. Wednesday's volume of trade was bushels of of rye and of rapeseed. MID-SESSION Oct. 20 higher Nov. 20 higher Dec. 20 higher May 20 higher 9-85B. Rapeseed Sept. 20 lower Nov. unchang- ed Jan. 1 lower March 2 lower 6.64. Rapeseed Thunder Oct. 20 lower Nov. 17 lower Dec- 14 lower May 4 lower 6.22A. Oct. lower .Dec. lower May lower July not open. Oct. higher Dec- 4 higher May and July not open. Oct. higher Dec. higher May higher July not open. Grain quotes Wednesday sis High Low Close Flax OcL 1009 Nov 878 May 965 Rapesetd Vancouver Sep 759 723 723 Nov 723 683 683 Jan 711 671 671 Mar 706 666 666 Rapeseed Thunder Bay Oct 706 Nov Dec 650 May Oats Oct 187 Dec 187-Vs May Jly Barley Oct 266 Dec 264 May Jly Rye Oct Dec May Jly remains Ed manager of the Saskatchewan Wheat Pool Elevator B in this town of 700 says farmers in the area have been buying more seed this year than they did at the start of 1972. no doubt the rape- seed acreage is up around here this he said. may be a reduction in the amount seeded to rape in other but certainly not around the Maidsone he said in an interview inter- rutped from time to time by farmers delivering grain and rapeseed. He estimated that during the crop year ending July his elevator alone handled bushels of rapeseed and the in- dications are for another bump- er year. had ideal growing conditions so With an average price of about a the value of high was pre-season concern about short farmers in his area had been able to obtain adequate supplies. The area was hard hit by the voracious bertha army worm during the last two but there are indications the infes- taion may no be too severe this year. With the Canadian wheat board throwing delivery quotas open to encourage Prairie farm- ers to sell their Mr. Her- rog said he had been excep- tionally busy and that farmers had a little more money to spend. In addition to buying more farmers in the area had bought more herbicides in attempts to control par- ticularly wild oats. The federal agriculture de- partment has estimated it costs Prairie farmers more than million a year to ship weed seeds in grain shipments and 285JA 666 616 184 258 257 370 277 666 652 616 626 185'A 180 175 257 263 271 285 elevator was estimated at He esimated the pool's A elevator handled a similar amount and there are two other competing elevators in community. Mr. Herzog said fertilizer sales increased 50 per cent this spring to 300 tons from 200 tons last year and that while to encourage farmers to eradicate wild oats. promotion appears to be paying off and there must be at least acres sprayed in this He also estimated that his pool operation would sell -worth of farm supplies this Russell said the previous maximums were not adequaU to provide reasonable financ ing for the averagp-pricec home in most localities o Alberta. The which stil has million mortgage will keep its interes rate at W-i per cent. Fake cat drought Mont. -Montana stockmen have been warned by the state livestock department to be wary of buyer plague spective cattle buyers during the period of skyrocketing beef prices. William head of lout. brands enforcement for th said phoney ers have made off with up t in Montana stock dui ing recent years. Cheney said a man repre senting himself as a buyer wil make a down payment on herd and move the cattle ou of state and to market. He sai it is only after the transactio is and the cattle ar virtually impossible to recovei that the stockman is called b his bank and informed th down payment cheque bouncei Cheney said a Montana lai requires all stock dealers to b licensed. He said cattle farnr ers should first check wit their banker or the livestoc department before closing deal on their cattle with a er they have not dealt with. Congestec given pre WINNIPEG The Canadian Wheat Board will give preference in railway car supply to the few shipping blocks where some congestion chief G. N. Vogel said Wednesday. The congestion fie because many farmers delayed deliveries until late in the 1972-73 crop year which ended Tuesday. is therefore some uncertainty whether or not farmers were able to take full advantage of open quotas before Aug. 1 in a small number blocks Terence shipping Mr. Vogel seid in a statement. Open quotas were in effect in the final weeks of the last crop year but Mr. Vogel said legislation prohibits these being extended into the new crop year unless deliveries made during an extension period are recorded in the 1972-73 pool account. NOT FAIR the Increase in initial prices and the higher export prices it would not be fair to producers delivering in an extension period to have their deliveries recorded in Mont. Th Montana crop and livestock porting service says som grain famws in the state hav been forced to cut their ha crops because of drought coi Hoppers summer n Mont. A U.S. department of agriculture official says grasshoppers are threatening at least acres of Montana rangeland this summer. Walter Montana and Wyoming supervisor of the ingeland riculture department's plant protection said the current damage to cattle forage is comparable to damage in past years. But he said a state-wide survey of grasshoppers and crickets hasn't been completed. Earlier this the federal agency helped exterminate tformon crickets infesting a acre area of lake county n northwestern Montana. Ring said grasshoppers and crickets feed on range destroying the flood of cattle. Reporte of heavy infestation tiave come from Sanders and Deer Lodge counties in western Montana. Other areas affected are Cascade and Elaine counties in north-central Montana and Big Horn and Rosebud counties in eastern Montana. Maximum loan for housing increased EDMONTON An increase in the maximum loan available for new housing to was announced Wednesday by the Alberta Housing The corporation will also increase the maximum loan available for the purchase of existing housing to from Dave municipal affairs minister and chairman of the corporation's board of said the move was necessary due to the increased cost of housing in the province within the last 13 months. Mr. Russell said the previous maximums were not adequate to provide reasonable financing for the averagp-priced home in most localities of Alberta. The which subsidy gets NFU approval Ont. A spokesman for the National Farmers Union has given qualified approval to ad ditional subsidies announcec Tuesday for milk producers. Federal Agriculture Ministei CT..MOTIA TiaH aTmnimppf Baf.iurst to and Alberta Gas to Victoria and Grey Trust rose to Noma Industries to Hudson's Bay Oil and Gas and Electrohome to Denison was off to Hudson Bay Mining and Smelt- ing V4 to and Roman Corp. 20 cents to Dynasty gained Ve to and Sherritt Gordon V8 to Scurry-RainJjow slipped to and Sunningdale 10 cents to United Canso was up Yt to MONTREAL All sec- tors declined in light trading on the Montreal stock market to- day. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was compared with shares at the same time Wednesday- Papers dropped .71 to banks .55 to industrials .52 to the composite .47 to 226.69 and utilities .24 to 146.19. On the Montreal Stock Ex- Imperial Oil gained to Dominion Bridge to and Chrysler to while Stelco declined to and Consolidated Bathurst to On the Canadian Stock Ex- Cuvier Mines was down seven cents to on shares traded. NEW YORK The stock market continued its downward slide today as profit- taking and economic worries in- duced selling for the fourth straight session. The Dow Jones average of 30 industrials at noon was off 5.57 to while declines led ad- vances on the New York Stock Exchange by nearly eight to three- Trading was moderate. Analysts noted that the mar- ket was consolidating after the 50-point rise on the Dow during the two weeks ended last Fri- day. So far this the Dow has dropped 24 points. Rising interest which are drain- ing money from stocks into and worries about an economic slowdown also were depressing the brokers said. Among Canadian Issues on the New York Dome Mines dropped one point to Hudson Bay to and Mclntyre to an additional subsidy for of manufac- each 100 pounds turing milk. Blake the Ontario re- gion co-ordinator for said his group welcomed the in- crease but cautioned that they would have to assess the actual dollar return to the dairy fanner. He said the price for indus- trial milk was for 100 pounds before the increase. increase might bring the price for industrial milk at the fanners gate to about Mr- Sanford said. The NFU asked last March that the minimum price for milk be set at for each 100 pounds. Canadian Pacific changed at was un- NOTICE Campbell Haliburton Ltd. 418 5th ST. S. Effective August 3rd will be relocated NO. 447 HOLIDAY VILLAGE Mayer Magrath Drive LETHBRIDGE Phone 327-5523 or 327-0215 ditions. The report says a few local- ities already have cut off irri- gation water supplies and in several areas water is not ex- pected to be adequate for a sec- ond cutting of hay. The report also says many areas are supplies. low on stockwater crop year now Effective Wednesday the in- itial payment at country ele- vators jumps to from a basis Thunder for top-graded No. 1 Canada western wheat. Barley initial payments go to from and oats to from 80 cents. With exceptions for special lots and selected the new delivery quotas generally are five bushels a quota acre for 10 bushels for bar ley and 15 bushels for flax and rapeseed and 20 bushels for rye. Mr. Vogel said special con sideration will be given to ad- Apr 74 Jly Gold futures WINNIPEG Gold U.S Winnipeg Commodity Oct 73 Jan 74 vancing quotac in congested blocks as soon as possible in the new crop year. 74 132.50A. Tuesday's tracts. 34 con- Livestock Calgary livestock CALGARY Receipts to 11 a.m. from the Calgary Public Stockyards showed sales of about mainly steers and heifers. Trade was active. Slaughter sold barely steady. Heifers were 50 cents to higher. Cows steady. Bulls higher with sales to 46. Steers 50 to 52-50. Heifers 47.50 to 49 45. Cows 38.50 to 40. 36 to 38. 32 to 35. Bulls 42 to 45.50. Replacement cattle w e r s mostly all fleshy shortkeep steers in the 850 to weight selling at steady prices. A few replacement heif- ers sold steady. There were insufficient stock calves on offer to establish a market. Good feeder steers more than 850 49 to 53- Good feeder heifers more than 700 44 to 48.25. Hogs base 59.50. Dollar value MONTREAL U.S. dollar in terms of Canadian funds at noon Tuesday was up 1-25 at 3-25. Pound sterling up 7-20 at 11-20. In New the Canadian dollar was down 1-25 at 22- 25. Pound sterling up 3A at Hog prices EDMONTON Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing average Wednesday 59-75. Red average Wednesday 59.61. Calgary average Wednesday 59.64. No aver- age Wednesday 60.98. No av- erage Wednesday 59.70. Grande No av- erage Wednesday 59.05. Total hogs sold to 11 a-m. total sold Wednesday average 59.70. Sows average 43.75. THANKS Keith I would like 16 take op- portunity to thank the bujintu community of Southern Alber- ta for the opportunity of work- ing for them for the past II years. I have sold Southern Col- lection Agency and hope that you will give the new own- ers the some co-operation you extended to me and my ilaff. Signed Keith LeM ;