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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 12, 1974, Lethbridge, Alberta Industrials dip on TSE Tlte Herald Business TORONTO (CP) Prices on the Toronto stock market were fractionally lower in light midmorning trading today The industrial index fell 02 to 185 58 golds 1 59 to 487 86, base metals 40 to 81 29 and western oils 1 18 to 178 54 Volume by 11 a m was 263 000 shares compared with 298000 shares at the same time Friday Declines outnumbered ad- vances 86 to 68 with 113 issues unchanged Home Oil A lost 1V4 to Roval Bank i to Hugh Russel A to Chrysler Corp to and Spar Aerospace five cents to 45 Westmil Carpets gained Moore to Noranda A V4 to Abbey Glen 15 cents to 25 and Tex- asgulf V8 to Northgate was down Vfe to 95, Goldlund Mines five cents to 55 cents and East Sullivan five cents to 70 Placer was up Vg to and Sherntt to Western Decalta fell V8 to and Amalgamated Bonanza three cents to 80 United Canso ls to Vs Trans-Can one cent to 88 cents and Oakwood one cent to 16 Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHFRTY LIMITED Market trends MOMRt P Pruts were miud it Hit open of light trading on tin Mi ntrt il SUiil- I todav in fell 'i to WO 'mptridl Oil 1 iss to SiO and (diudMn I uilic I td to SI) while Domtar i in 1 100 shires On tlu curb exchange shares wi n li Kic li Hill w is up 01 at iO n Will >i ir( (APi Stock market prices slipped blighth in quiet trading todav in an atmosphtrt of watchful waiting for President (.trald rords iddress to ongress tonight I hi 11 iOarn Dow Jones average of 0 industrials was down 4 77 at 772 53 and losers held a narrow edge on gamers at the Vw >ork Stock Ex hangt Anah sts said investors worries over persistent inflation and high interest rates tontmatd to set the tone for the market Polaroid most active issue was down s at S2j Oil and Gas climbed to anadi m issues Alcan diopptd to SiO Into i to t. I an idian Pacific to M3 lc.iF.uson -to Mb' Hirarn Walker to S42 i Dome Mines was unchanged at Livestock Calgary (P Reetipts to 11 i m Mindiv from the talgirv public stnckv irds totalled ibout 160 head all si lUiJiter ittle Pride w is Ktivc with si mghter st ds nel hiifel pruis the same as I is) we e k s (iosint. itions Then wi i li p in (he be cf qu ihu n inimn 11 m Hire e en's to two e ems pi r pi und life i live M >ml I nei VHK ib ut M higher il 1 sis uh h i the qu ilitv on eifltr stuis to iO Heifers M 401 42 W) msDl 02-24 t l-i it IJi 21 t i 2! D4 16 to n Ihen weien repl ice ment ottle em llei II f ise n pneesmov eel slurph I me i in ictivitv at mi i ission t d iv on the Winnipeg oinni ditv h inge Rape sud II ind rve suffered the tie iti st cs with ill r ipe se e d p sin ins Ulmp the daih 10 (e nt i b i he I li limit I i ill u hum ol trick was 416 000 biislu K rapt M d ooo f] 79 I In 1 whe it 4 K) OIK of barlcv 144 I its jnd 611 000 ol nr Mi 1 se ssi m pi K c s H ipi d ihumler Biv v 18 I C D( nine lower" M i lUit I wi i II 00 Oct not open I i v me i ve i Sept .oh wer tit I iwer 8 14 I in 20 I i Ktr M ir 20 I nvcr JA I I O( I _> I wtr i'A Viv 26 I iwei M iv '4 lower 10 He n op n I I vi he it une h inged 4 Oi M iv in h I 4 1' Oj li 11 I i 17 71! 42 80 lead spot futures 233 2 4 spot 4i9 460 futures 467 468 Silver spot 17h 177 months 182 5 18! Dividends B> THF ANADIAN PRFSS i nipcintion dividends quirterlv un Itss otheiwisc noted Budge and Tank C o of Canada I td 90 pld series 72 cents pav ment ol ineirs Sept 1 reeord Clark Oil ind Refining Corp 12'i i nis I s lunils Sept (0 (nnsiimirs d is to 2i ttnls in i i record Pluer Development ltd Ml tints H 11 d 28 Sktlh Oil to ui ttnts I s funds St pi III ittoiil le Timken Co 4r> cenN Us lunds Sept 10 lee did 20 (o 2> it nts I s lunds S, pi I n (liid Steinbergs ltd e I iss 15 cents Sept t IK mil 9 (.nil Ori (anada lid 2 tents Oe I 1 lecorcl tl) Iinnoek Corp ltd spec nl tints in introist of 2 12rieents 6 per te ill el iss li to cents el iss I) 125 ttnls in inert ise ol 2 5 eenls ill piv ililt Oil 1 itcoid Sept 10 20 e I iss to K nts I m 2 record Dec 12 h pt i itnl pld 1st series M 50 S, pt Hi iiiiiid 2h I mrentide [manual (orp ltd 12 K ills M 10 pld i, Kills plil >o tints ill ihl, stpl 10 moid 9 I pi i ,nl phi tl mils Oil II i, KiiilOd 25 pfd Sept 1 icion! 9 1 00 75 Advocate Asb Akaitcho 37 1 86 1 Sugar Bow Valley Ind 1700 12 50 12 75 70 50 Can NW Land Canada O Keefe 5 87 35 Central Gas 00 75 Conwest Cons Marconi Cdn 15 75 Com Lake 1 75 13 50 Cra 00 Dickenson 25 Denison 12 2 DEIdona Dome Mines Discovery 5325 1 Seagrams Dom Bridge 75 4237 2 26 25 East Malart c East Sullivan 2 270 Textile Dom Stores Dome 15 12 2 26 00 Frobex First Glen 2 95 Giant Y Cdn 00 25 Hollmger A Hudson Bay Lakes Paper Gulf 27 12 2 Hydra Iron Walker 75 Joliet Kerr Oil Key 50 Lake 62' 75 Langis Grp 50 Madsen R 25 Malartic G 37 2 Martin 00 Douglas M 25 Intern 95 NuWest 87 z New Athona New Calumet 26 Massey Ferg McMill 1637 2 26 50 2 No 50 Pine 12 Placer Pax 87 Quebec 00 Rio 12 Roman 37 Sherntt Gordon Steep Rock 1 34 Simp Sears Steel Can 1087'2 31 25 Tek Corp rk 73 Texrro 50 United Canso Western Mines WH Copper Mines Wright Harg 260 325 2 Grp A Trans Mtn Pipe Trans Can Pipe Union 1387 2 950 87' 2 2 Yellowknife 75 12 87' 12 Aiqoma Atco Agra Bell Brascan BC OTTAWA (CP) The situ ation in the milk processing industry here probably is as good an example as can be found of how corporations have come to dominate the in dustry Concern about concentra tion in the industry generally was expressed in a recent report of the food prices review board In a brief to the milk com- mission of Ontario the board said the number of processing plants declined by more than 32 per cent between 1969 and 1973 Changes in the structure of the dairy processing industry are occurring with such speed that it is exceedingly difficult to keep up with them This is true both of the industrial and fluid milk sectors Industrial processors are cheese factories and crea menes In May George Weston Ltd purchased a controlling share of Clark Dairy Ltd The Ot tawa firm had been an independent processor for about 35 years and with 125 employees was the last of the large independents in the area COMPANIES DOMINATE Several small fluid milk dairies still operate but the Ottawa market is dominated five companies Dominion Dairies Ltd which sells Seal- test brands and is a subsidiary ol Kraftco Corp Silverwood s Dairies Ltd which in addition to its milk processing operation owns the Mac s Milk chain of conv enience stores Borden Co Ltd Beatrice Foods (Canada) Ltd a holding com panv controlling several On- tario milk processing com panics and Weston which Monday, August LETHBRIDGE Farm cash increases OTTAWA (CP) Farm cash receipts for the first six months of the totalled 683 billion up 66 per cent from 828 billion during the same period of 1983 Statistics Canada reported Friday The estimates of farm in come include receipts from sales ol products cash ad vances on stored grains and payments under certain agriculture support programs Bv province the estimates for the first six months of this and last were Prince Edward Island 5 million and million New Brunswick 9 million and 2 million Quebec S479 3 million and 6 million Ontario 059 billion and 6 million Manitoba 3 million and 9 million Saskatchewan 441 billion and S557 9 million Alberta 6 million and 5 million and British Columbia 3 million and 2 million 'Newfoundland figures were rot included GM recalls 316 wagons OSHAWA Ont (CPi Notification will go out todav to owners of 316 Buick Estate igons. m Canada advising them of a recall to correct a defective rear brake pipe in the 1974 model General Motors of Canada Said Earlier General Motors Corp in the Lnited States an nounced a recall of 7 000 of the and urged owners to take the vehicles into dealers for a check The tompam said the rear break pipe mav been bent and improperh position ed during assembh As a result motorists might lose break fluid and rear breaking action when driving under heavv loads There have been no reports of injuries in the L S of Canada because of the defect General Motors of Canada will announce prices for its 1975 automobiles next month a companv spokesman said Fridav Federal coal plan troubles Montana has more than 20 food product subsidiaries including com panics owning Loblaw and Kelly Douglas stores Since the 1950s independent processors in the Ottawa area at a pace been bought out the large corpo rations The food prices review board report to the Ontario milk commission the changes in the industn are oc turnng at a phenomenal rate The implications of the trend outlined are that the processing distributing sector will into a svstem of This will consist of a small number of cor porations and Dr research co ordmator for the prices review board said it was do ing work in two or three areas on the extent of competition as well as various- market sur vevs or the fluid milk in He said the board was a long from deciding on anything Grain men favor strike (CP) Gram workers here voted almost unanimoush to go on strike Ham Kancs spokesman for the Grain Workers Lnion said he expects that the workers will be locked out by the four companies before the strike takes place Top officials of the gram companies promised Prime Minister Trudeau last week that would not lock out the workers Special federal legislation banning am shut down at grain facilities pired at midnight last The gram workers contract expired nine months ago The government has said it will not allow work stop- page and will legislate a settlement if necessarv New York (Supplied by Richardson Securities of Canada) Amr 4350 Woolworth Anaconda Westmghouse Elec 1300 Beth Steel 31 12V8 U S Steel 4650 Chrysler Gen Tel Elec Comsat 20 SO TORONTO AVERAGES Dupont 15100 20 Industrials 185 33 down 27 General Motors 44 20 Golds 479 73 down 9 72 1987V? 10 Base Metals 81 31 down 38 Int Harvester 2275 15 Western Oils 17883 down 89 Kenn Copper 3550 Volume 417 000 Montgomery Ward 27124 NEW YORK AVERAGES Seirs 6700 20 Industrials 770 88 down 641 Exxon 7612 20 Rails 160 86 down 6S Texas Gull 2925 15 Utilities 69 40 down 32 Texas Co 25 25 65 Stocks 235 30 down 1 58 Wix Corporation 12 00 Volume 3 520 000 HELENA Mont (AP) A federal plan to drive up coal production by stup mining increasing areas of the west could break the back of Mon- tana says Lt Gov Bill Christiansen Christiansen, Montana s energy chief said the state already is facing unacceptable sacrifices The aepdithent of the interior proposal that in effect recommends a 15 fold increase in Montana strip mining by 1985 poses a serious threat to Montana s land water and way of life Christiansen said Making matters potentiallv worse he said is that the 15- fold increase proposal represents a compromise from a possible 23 fold boost that would have been Mon- tana s share of the all out development potential of western stnppable coal The federal report forecasts coal production involving dis- ruption of at least 6 000 acres or more than nine square miles every year by 1965 Christiansen said if a proposed federal study of coal s role in solving U S energy problems is made fairlv I believe they'll find the increase in mining can t be done without ignoring the potential of massive destruc tion ot the west Ke suggested the question of strip mining s effects on un derground water alone is a sleeping dog that could awake to block the proposed increases at least in Mon- tana Christiansen said un imd wjter v td! 'o d mestir and hvesioc1. supplies particularly in ana eastern Montana is carried in the coal seams and would be disrupted by widespread mining The official estimated the maximum coal development in the stale bv 1980 will be less than one-third the production goals of the department of interior That would be about quadruple current production Meantime the Great Falls Tribune reported the federal bureau of land management plans to lease 200 million tons of coal in an area already shown to be environmentally fragile The 200 million tons would be more than 20 times the amour.' of coal strip mined in Montana during all of last year The newspaper said the site is around the towns of Decker and Birney 90 miles southeast of Billings CASH FOR YOUR CAR Dunlop Ford will pay you cash for your car if it is one of the select units we require immediately CONTACT THE USED CAR BUYER NOW AT FOR D CORNER 16 AVE. and M.M. DRIVE SOUTH ;