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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 7, 1974, Lethbridge, Alberta ITS industrials a little higher TORONTO (CP) The To- onto stock market's in- dustrial index was moderately ugher in moderate mid- nornmg trading today but ither indexes fell The industrial index rose 73 o 184 74 Golds fell 1 65 to 95 12, base metals 16 to 81 09 and western oils 52 to 179 77 Volume by 11 am was 100 shares compared with shares at the same ime Tuesday Advances outnumbered de- fines 54 to 53 with 131 issues inchanged Westburne International gained lk to Alcan V2 to Consumers Gas to Scotts Restaurants to and Moneco to Aquitame lost to Falconbndge Nickel to Moffat Communications A 'A to Inco to and Bank of Montreal Vg to Iron Bay Trust was down to Northgate and Lacanex five cents to 95 cents Chimo Gold Mines rose seven cents to 40 Northland Oils fell one cent to 16 cents Market trends MONTREAL (CP) Prices were mixed in light trading on the Montreal otock Exchange Volume at 11 30 a m Was 251 800 Chares compared with 172 100 shares at 11 a m luesdav The industrial index rose 129 to 99 9i the composite 99 to 189 23 itilities 66 to 127 21 and papers 24 to 21 b9 while banks fell 7i to 233 33 International Nickel rose to and Total Jetroleum while Bank ana dian National tell to i and ranst anada Pipelines to i Among speculative issues Com agnie Mmitre Lignens was unthang d at 68 after trading 16 900 shares VANCOUVER (CP) Prices were iown in light trading on the Vancouver >tock Exchange today First hour lolume was 144 800 shares On the industrials board inter ational utilities fell 12'z 62'zon 200 shares In the mines Barrier Reef was down 35 at S3 15 on 48 600 shares Most active oils issue was futurib at 08 't on a volume of 9 500 shares M-W (APi The stock market pressed ahead again todav amid continuing speculation over President Nixon s future in the White House The 11 30dm Dow Jones average of iO industrials was up 6 at 780 74 and gamers led losers bv a five to three margin on the New York Stock Cx (hangc Mrccters said the market with its broad advance since the start of the wick has been expressing investors hopes for an earlv resolution of the im pc a( hment question so that full atten don in Washington could be turned to such economic problems as inflation and high interests rates Manor opening late climbed 3 to f flax 89 000 of feed Wheat 2 234 000 of barley 148 000 of oats and 1 633 000 if Mid session prices Thunder Bav rapeseed Oct 20 8 30B Nov 20 higher 8 30B )ec 15 higher 8 02B Mav 5 higher 08B Vancouver rapeseed Sept 20 higher 72B Nov 20 higher 8 56B Jan 20 ugher 8 53B Mar 20 higher 8 43'iB Flax Oct 22higerll40A Nov 29 ugher 11 lOA Dec 14 higher 10 87B vlav 12 higher 10 79B Feed wheat Oct 1 higher 4 12A )ec and May not open Livestock Calgary CALGARY (CP) Receipts to 11 i m today from the Calgary Public jtockvards totalled 1 175 head iracticallv all slaughter cattle with the lulk being steers Trade was active Slaughter steers sold steady Steers under 1000 pounds were discounted to Yearling butcher julls met a ver% narrow demand at liscounts of to Heifers were in short supplj selling for quality Cows met an improved demand at prices 50 igher with sales to Bulls were -.teadv Steers A A2 505230 Heifers Al A2 404230 Cows Dl D2 242550 D3 212350 4 1620 Bulls good 273275 There were insufficient "placements sold earlv to establish a market Hogs sold 60 cents lower Hogs fob to 11 a m 4550 Hog prices FDMONTON Prices to 11 m provided bv the Alberta Hog roducers Marketing Board Tuesday s prices in brackets "dmonton 46 65 (46 061 algarv 4555 146 10) ed Deer 4570 (46 11) Prairie Nil (44771 lovdmmster Nil (45 25) airview Nil (44 75) .ethbridge Nil (45 ill ort Macleod Nil (4a30) Hogs sold to 11 a m 2 225 hogs sold 4 142 Tuesday average 45 88 sows iverage 24 10 Gold futures WINNIPH. ICP) (.old futures S funds Winnipeg Commoditv hange Oct 74 157 2-.B Jan 75 164 OOB ipnl 75 169 90B July 75 175 SOB rt t 75 181 'iOB Fndav s volume c ontracts 00-ounce contracts Aug 74 1V> 00 Nov 74 159 50B >b 75 166 OOB Mav 75 171 50B tug 75 179 00 Fndav s volume 175 contracts Qold prices LONDON (AP) Closing gold "ices in U S dollars an ounce Condon 155 25 Paris 158 56 rankfurt 154 62 Zurich 155 50 ong Kong 151 45 Beirut 4 953 Barlev Oct 10 higher 3 20UB Dec 10 higher 3 May 10 higher 321'zB Oats Oct 4 higher 192'zB Dec 1 higher 1 90B May 2 higher 1 98B Rve Oct 11J4 higher 2 893iA Dec higher Mav 10'j higher 287'iB drjin quoUs Puosda I dkthtdd i High Low Kapeseed Thunder Bav (li I 81 78y 78" 77 M n Rapesri'd Vancouver Sept Nov Jan M.ir Flax Nov Mn Med Wheat Oil iv Barlev I Mix O.lls (ill UK M iv live i l lid M 8M H4h 1118 110 1071 ill I'll) IK'I J80 27h' i 820 HIO 107h Iflbi 1041 (0.! ill) iO> 184' 186 267 265 271' 188'. 189 196 278 275 Chicago markets CHICAGO (AP) Prices for farm commodities were mostly higher on 11 S futures exchanges Tuesday Revived talk of stepped up grain exports as well as a continuing disappointing outlook for the corn crop gave a healthj shot to wheat corn and oats futures at the Board of Trade C orn prices were strong all da} and posted limit 10-cent a bushel gains The dav before corn was down the limit Wheat futures were up the limit 20 cents for the Julv contract and mosth a dime or more for the other options Sources at the Chicago Mercantile Exchange said escalating grain prices proded live hog and cattle futures on its market Live hogs advanced by 80 cents to 50 a hundredweight for all deliveries except the current month Cattle was up 20 cents to 00 Egg futures also were higher up 150 to 200 points On New York markets domestic sugar No 10 was 35 lower to 30 higher and world sugar NJ II was 55 lower to ISO higher Currencies MONTREAL (CP) "Vednesdays mid day foreign exchange selling rates supplied by the Bank of Montreal Australia dollar 1 4700 China renmmbi 5100 France franc 2150 Germany mark 3900 Italy lira 001575 Japan yen 003315 Mexico peso 0800 Netherlands guilder 3830 South Africa rand 1 4860 Spam peseta 0175 franc 3380 United States dollar 9820 United Kingdom pound 2 3600 USSR ruble 1 309 Quotations in Canadian Funds Beef futures (CPi Live beef futures Si pi 49 50N Nov 49 50A Ian ION Hid.u s volume No contracts EXCITING OPPORTUNITY! Minimum Participation Why don't you DISCOVER us and get acquainted with all the reasons that will make you glad you did. Apply to: Box 65, Lethbridge, Herald The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED Forest Sugar Valley Ind Ind Power Foods Cellulose 0 Keefe NW Credit Gas Pfd Id Ind ctr., Marconi Vickers age Dickenson 9 Bathurst Cons Gas 74 Seagrams Bridge k Textile Stores I Pete of the Glen Mobile hfe Cdn Oil Y Motois Lakes Paper ned Oil Bay Sid d 3 Walker A Erie Oil A A Nickel Pipe Grp A Int I R Ltd ;ed G Douglas A A West Ferg 1 Bleed Corp A Dec B 87 Cent Corp Corp CDA Sears Can A Tek Corp 3 A Texaco Grp A 80 Mtn Pipe Can Pipe Copper Carbide Carbide Gas Oil 82 1' Siscoe Mfg A Imperial Scotia Dom (10 (08 136214 19 3714 1675 1250 800 2300 270 5 62V4 230 612V4 335 900 21 75 305 1500 1350 28 2875 1450 3225 4275 26 12Vi 1525 2600 29 8714 265 7 1214 4400 2050 16 1214 600 40 87Vz 2050 3000 2600 2725 14 12Vi 6 37Vz 11 87 15 12V4 550 205 750 290 675 900 1625 26 4875 2025 19 575 9 8714 490 11 00 1362V2 1337'2 1450 725 1075 3000 11 75 3675 138714 9 62' 2 1975 1975 800 8 8714 480 525 2200 24 21 62 'A 2375 3450 2962'? 35 Toronto mines, industrials (Supplied by Richardson Securities of Canada) WESTERN OILS AND MINES Afton Mines 4 75 Albany Oil 36 Alta East Gas 4 80 Almmex 5 25 Asamera 8 6214 Ashland Oil 1887Vi B P Canada 13 62'2 Brenda Mines 5 25 Cda Southern 2 96 Cdn Export Gas 2 90 Cdn Homestead 3 90 Cdn Ind Gas 6 6214 Cdn Long Island 17 Cdn Superior 41 50 Chieftan Dev 6 00 Dome Pete 26 Dynasty 9 00 Fort Reliance 1514 Giant Mascot 81 Gibraltar Mines 7 Great Plains 39 75 Gt Cdn Oil Sds 7 25 Lochiel Exploration 1 65 Lytton Minerals 1 41 Noble Mines 45 North Cdn Oil 3 35 Numac Oil 1262Vi PanCdn Pete 9 50 Pan Ocean 11 50 Petrol 1 40 Pinnacle 32 Place Gas 30 Ponder 50 Ranger Oil 21 Scurry Rainbow 18 75 Seibens 1000 Spooner 28 Total Pete 7 75 Ulster Pete 90 United Canso 11 25 WC Pete 3 25 Western Decalta 6 00 MISCELLANEOUS INDUSTRIES Acres Ltd 7 00 Aquitame 23 50 BC Sugar C Pfd 1250 Block Brothers 2 90 Canbra Foods 2 70 Cdn Pac A Pfd 29 50 Carlmg A Pfd 1800 Carlmg B Pfd 20 50 Com Cap Corp 1 80 Crestbrook For Ind 5 25 Crowsnest Indus 21 00 Falconbndge Cop 1025 F M Trust Co 4 25 Genstar 1750 Home Oil A 35 50 Home Oil B 35 00 Hudson Bay Co 16 00 Hudson Bay Oil 27 Hugh Rus C Pfd 75 50 Husky Oil 1637V4 Husky Oil B Pfd 32 00 Husky Oil E War 6 25 Inter Pipe War 2 72 Inter Steel 163714 Kaiser Resources 4 00 Kaiser Res War 1 85 Loblaw C Pfd 24 G2 Magnasonics 2 00 Pacific Pete 19 25 Pac West Airlines 133714 Pe-Ben Oilfield Serv 4 80 Ramer Inc 2 75 Rqyal Trust 20 50 Sandwell 5 75 Teledyne 4 30 Tnmac 4 30 Westfield Minerals 95 Weston A Pfd 51 00 Whitepass Yukon 6 8714 PIPELINE STOCKS Alta Gas Line A 1250 Aita Gas Line Pfd 54 00 Alta Nat Gas 1725 Gaz Metro 5 Gaz Metro A Pfd 54 50 Inland Nat Gas 1250 N C Gas N C Gas B Pfd 20 00 Pac Gas Trans 8 25 Tr-Cda Pipe 9 Tr-Cda Pipe A Pfd 53 00 Tr-Cda Pipe B Pfd 31 12V4 Tr-Cda Pipe War 96 WC Transmission 1900 WC Trans War 2 35 CALGARY Acroll 34 Barons Oils 06 N Continental 02 Western Warner 30 VANCOUVER MINES Bathurst Norsemmes 1 30 Cima Resources 93 Dankoe 2 55 Davenport 68 Dolly Varden 17 Equitonal Res 1014 Lornex 7 25 Northair Mines 1 82 Primer 06 Pyramid 09 Silver Standard 1 69 Valley Copper 5 90 INDUSTRIALS Key Industries 06 Wardair 1 65 OILS August Petroleum 34 Plains Pete 13 Ponderay Explorations 60 Stampede Int I Res 61 MUJUAL FUNDS All Cdn Compound 519 All Cdn Dividend 5 41 All Cdn Ventures 2 64 Amer Growth Fund 3 90 A G F Special 1 95 Cdn Invest Fund 4 30 Collective Mutual 4 45 Corp Investors 5 47 Corp Invest Stock Fund 4 09 Dreyfus Fund US 840 Grouped In Shares 2 65 Growth Equity 5 95 Investors Mutual 4 29 Mutual Accum 549 Nat Resources 4 01 NW Cdn 487 NW Growth 384 Principal Growth 366 Provident Mutual 642 flcyfund 4 98 Templeton Growth 6 76 United Accum 3 93 Universal Savings 712 Vanguard 4 50 564 589 287 429 471 489 601 449 921 654 538 604 441 535 422 402 701 5 19 741 432 783 493 New York (Supplied by Richardson Securities of Canada) Amr T T Anaconda Beth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Sears Exxon Texas Gulf Texas Co Wix Corporation Woolworth 2450 3075 15 1214 2750 45 12V4 1975 23 1214 3500 6700 77 1214 28 2525 11 25 Westmghouse Elec 1300 U S Steel 45 6214 Gen Tel Elec TORONTO AVERAGES 20 Industrials 184 71 up 70 20 Golds 49365 down 3 12 10 Base Metals 81 13 down 12 15 Western Oils 180 20 down 09 Volume 598 000 NEW YORK AVERAGES 20 Industrials 783 24 up 9 46 20 Rails 15997 up 34 15 Utilities 6962 up 70 65 Stocks 23736 up 221 Volume 2 250 000 MOHA WK BIDDING FOR B.C.REFINERY VANCOUVER (CP) Mohawk Oil Co says it has already made proposals to the British Columbia government about establishing an oil refinery in the province Attorney General Alex MacDonald said Thursday two studies have been commissioned into locating and building a refinery in B C Mr MacDonald said the government would be glad to consider a joint venture with an oil company or with a group of companies All present refiners in the Vancouver area have said they are considering the idea and would entertain any economic proposal The Mohawk proposal is for a refinery with an initial capacity of barrels a day and a design for expansion to barrels Mohawk says it intends to make an application to a municipality for rezonmg to accommodate a refinery site D G Skagen, executive Japanese to share in oil sands TOKYO (AFP) A Japan- ese company has been set up to develop oil sands in Alberta Maubeni Corp has announced Marubeni and the Fuyo Oil Development Co have invested in the joint venture and the new firm will sign a contract with Canadian Industrial Gas and Oil Co this month to undertake co operative prospecting and joint development of oil sands processing technology The new companv is called Fuyo-Marubeni Oil and Gas Co of Alberta Japan's powerful Mitsubishi Group and the Industrial Bank of Japan group had started plans for utilization of oil sands but Fuyo-Marubeni and Canadian Industrial will direct their efforts to development of technology A test plant is to be built jointly by 1980 at a cost of million The Japanese are to bear half the cost and in return, will receive 50 per cent of the concessions Between October and next spring, 50 wells are to be bored to determine the extent and type of oil deposit vice-president of Mohawk, said in a telephone interview from Calgary, "we have informed the B C government by letter that we would be happy to talk about any sound deal We have no hang-up about the principle of a joint venture with a government Mr Skagen said his company would use Canadian equipment and engineering "We have grown quite big in marketing and we are growing in exploration and production. he said Cominco reports record earnings VANCOUVER (CP) F E Burnet, chairman and chief executive officer of Cominco Ltd has announced that consolidated net earnings for the six months ended June 30, 1974 were 8 million from sales of 1 million a new record This compares with consolidated net earnings of 4 million from 5 million sales for the same period last year Mr Butnet said contributions to net earnings from international operations continue to grow Of the net earnings, B C mines provided 5 million or 13 per cent all other mines 5 million or 28 per cent and all other operations 8 million or 59 per cent "Because of the continuing strike at the Trail Kimberley and Salmo operations it is impossible to estimate net earnings for 1974 World airlines may refine own oil OSLO (AFP) World airlines are considering buying their own refineries to gain control over their fuel supplies a top air company spokesman says Knut Hagrup managing director of the Scandinavian Airlines system the world s eighth largest airline said in an interview that airlines are at the mercy of the major oil companies They can charge whatever they like for air fuel and we must pay the price to keep our routes working Hagrup said 'The International Air Transport Association (lATAi is debating what measures to take to gam control over the situation 'We are among other things considering the possibility of jointly buvmg oil from the Arab states and having it refined at refineries owned by the airlines Annual Income on 5 year Guaranteed Investment Receipts. Fully guaranteed by Royal Trust for term of deposit. No fee or handling charge. Rates subject to confirmation. Guaranteed Investment Receipts. Royal Trust Member Canada Deposit Inst, ranee Corp 740 4th Ave. South, Lethbridge, Alberta 328-5516 HIGA'S MEN'S WEAR SHIRTS 30% 5O% OFF Selection of SHIRTS i M 2 Price Selection of SUITS Reg. to ONE GROUP JACKETS RogulirSIS SPORT COATS Reg. to Av STRAW HATS Rtfifliriri Cowboy IL PffiCEl e QROgPOF Casual SLACKS Regular to each 5 Selection of Cloth RAIN COATS Reg. 24.95 Selection of Double Knit Wool SLACKS 30% ,o 50% OFF DRESS SLACKS ONE GROUP Value to BOYS' WEAR JACKETS SHIRTS 1 T-SHIRTS "A SWIM SUITS li '2 PRICE BOYS' SHOES Broken Knee SHOES PRICE HIGA'S MEN'S WEAR PHONE 327-7610 Thursday and 406 .13th North ALL SALES FINAL ALTERATIONS EXTRA! Friday till 9 p.m. ;