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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 13, 1974, Lethbridge, Alberta t.E1 HBRIDGE HERALD -Tuesday, August ighting the giants Jj Spo' sks P at William J Smith o a boot at the Kitchener a- i-ted by William Smith (right) a little over a year ago Smith, shown examining one of the finished products, says he has no intention of trying to compete with the giants of the industry. orth Sea oil nightmare looms MOP >ts Of rn; k u 111 du I pru jpr H t tic. as I bte a tor in IPJC 1 i i t. 'df'i in ressed dis ht> t.1 on r t 1 j ait t else i i cs asod in P ranj i f ic h Pans Bru-.s ot the development costs a ocr cent of this d c1 v have to be raised i wing abroad greatlv t fjritain s alreadv i ireit i debt load m- d b i n rwntinga wor m.. bjl ince ot pavments i H gi IK ral teehng in finan i irt le-> is 'hat Britain will it hi able to defer interest merits on loans used for oil dtv'lopment much bevond 1977 the interest in i alone tor all foreign loans inicht reach T billion i one third of the ijrirv reserves One ntei national banker said 'ecent'v The govern- ment simpiv cannot afford Thomson income up TORONTO (CP) Thomson Newspapers Ltd reports consolidated net in- come for the six months to June 30 of 100 612 or 25 7 cents a share up from i i 45f 23 i cents for the coi responding period ot 1973 Net sales for the six months were 132 200 compared with for the first half of 1973 participation on a large scale, and their efforts to obtain tinancing is bound to slow down development and that in turn makes us wary of ad- vancing too much more monev We re in for a spot of uncertainty I m afraid Winnipeg opens corn future trade CHATH 00 Crowsnest Ind 21 00 Falcon Copper 10 F and M Trust Co 4 25 Home Oil A 32 50 Home Oil B 31 50 Hud Bay Co 1600 Hud Bay Oil 27 00 Hud Bay Oil A Pfd 27 50 Hugh Russell C P'd 73 00 Husky Oil 1587 2 Husky Oil B Pfd 3200 Husky Oil E Wa' 6 12 i Interprov Pipe War 2 55 Interprov Steel Pipe 1600 Kaiser Res 4 10 Kaiser Res War 1 75 Loblaw Co C Pfd 24 25 Magnasonics 2 05 Pacific Pete 19 87 2 Pacific West Air 1337 2 Pe Ben Oilfield Serv 4 80 Ramer Inc 2 75 Royal Trust 20 25 Sandwell Teledyne Trimac Westfield Mm Weston A Pfd White Yukon 575 4 10 430 92 48 87'2 650 PIPELINE STOCKS Alta Gas Trk A 11 75 Alta Gas Trk Pfd 54 00 Alta Nat Gas 1750 Gaz Metro o 50 Gaz IVetro A Pfd 55 00 Inland Nat Gas 12 50 N and C Gas 975 N and C Gas B Pfd I975 Pacific Gas Trans 8 25 Trans-Cda Pipe 9 75 Trans-Cda A Pfd 52 25 Trans Cda B Pfd 31 00 Trans-Cda War 90 WC Trans 1925 WC Trans War 2 25 CALGARY Acroll 34 N Continental 02 Western Warner 30 VANCOUVER MINES Bathurst Norsemmes 1 06 Cima Resources 75 Dankoe 2 50 Davenport 67 Dolly Varden 17 Equitonal Res Lornex 7 30 Northair Mines 1 79 Primer 06 Pyamid 07 Silver Standard 1 53 Valley Copper 6 00 INDUSTRIALS Key Industries 06 Wardair 1 50 OILS August Petroleum 27 Plains Pete 13 Ponderay Explorations 65 Stampede Int I Res 60 MUTUAL FUNDS All Cdn Compound 525 571 All Cdn Dividend 5 48 5 95 All Cdn Ventures 2 61 2 84 Amer Growth Fund 3 91 4 30 A G F Special 1 96 Cdn Invest Fund 4 30 4 72 Collective Mutual 4 52 4 96 Eaton Comnwlth 1184 Eaton Leverage 511 Eaton Int I Venture 2 79 Corp Investors 5 46 6 00 Corp Invest Stock Fund 412 4 53 Dreyfus Furd US 8 52 9 34 Great Pacific 4 04 4 42 Grouped In Shares 2 65 Growth Equity 5 93 6 52 Invest Growth Fund 1054 1152 Investors Mutual 4 99 5 46 Mutual Accum 5 49 6 03 Nat Resources 401 441 N W Cdn 4 90 5 40 N W Growth 3 91 4 30 Principal Growth 371 407 Provident Mutual 6 48 7 08 Royfund 4 99 5 20 Templeton Growih 6 77 7 42 United Accum 395 434 Universal Savings 713 784 Umvest 549 604 Vanguard 4 58 5 02 Toronto mines, industrials (Supplied by Richardson Securities ot Canada) MINES Acme 08 i Advocate Asb 1 35 Akaitcho 1 70 Bralorne 1 40 Broulan 47 Bethlehem 11 37 2 Bovis 1 40 Brunswick 4 20 Can NW Land 3 80 Canada 4 45 Cassiar 6 25 Central Pat 1 02 Chimo 1 25 Conwest 415 Cons Rambler 2 81 Com Lake 21 Cochenour 1 45 Craigmont 4 75 Dickenson Mines 8 75 Denison Mines 43 00 D Eldona 36 Dome Mines 54 00 Discovery Mines 1 75 East Malartic 5 50 East Sullivan 2 70 Falconbridge 38 50 Frobex 17 First Mantimes 41 Giant Y K 1337 2 Granduc 1 95 Hollmger A 26 75 Hudson Bay A 1925 Hydra Ex 72 Iron Bay 4 85 Iso 1 28 Joliet Quebec 23 Kerr Addison 12 75 Key Anacon 30 Labrador 29 50 Lake Shore 5 25 Langis Silver 12 Madsen R L 1 05 Malartic G F 1 50 Martin McNeely 32 Maclntyre 30 00 Meta 14 Midnm Intern Mogul 550 NuWest Homes 5 75 New Athona 23 New Calumet 26 Noranda 39 75 Northgate 5 12'2 Norlex 27 Pine Point 3375 Placer Dev 19 12 2 Pax Exp 1 50 Quebec Man 22 Rayrock 1 05 Radiore 21 Rio Algom 29 00 Roman Corp 9 25 Sherritt Gordon 9 25 Steep Rock 1 32 Sunnmgdale 6 00 Tek Corp A 3 15 Texmont i United Canso 25 Western Mines 2 59 WH Copper Mines 325 Wright Hargreaves 2 10 Willroy 1 92 Windfall Bear 292 Zenmac 08 INDUSTRIALS Abttibi Alcan 29 Algoma Steel 27 25 Atco Ind 1425 Agra Ind 6 00 Bell Tel 43 00 Brascan A 14 00 BC Tel 50 00 Burns 11 00 BC Forest 13 75 BC Sugar 2050 Bow Valley Ind 17 25 Cable 1250 CAE Ind 8 12 2 Cal Power 22 00 Canbra Foods 2 70 Can Cellulose 5 75 Carlmg O Keefe 2 45 Chemcell 5 87 2 Coron Cred t 3 35 CWN Gas Pfd 8 50 Cdn Ind 22 12 z Cdn Marcon 3 00 Cdn Vtckers 15 75 Chrysler 1450 CPR 1362 2 Cominco 30 12 2 Cons Bathurst 27 75 Cons Gas 14 75 Dist Seaqrams 31 Dom Bridge 42 25 Domtar 26 00 Dom Textile 9 75 Dom Stores 15 00 Dome Pete 25 87 2 Dofasco 29 50 Glen Mobile 305 Grt Cdn Oil 7 12 2 Gen Motors 41 50 Grt Lakes Paper 20 12 z Gulf Oil 2700 Greyhound 1650 Hawker Sid 6 00 Hiram Walker A 41 75 Huron Erie 20 00 Imperial Oil A 30 25 imasca A 25 00 Int Nickel 26 Int Pipe 1375 Inv Grp A 6 25 IU Int I 11 75 I AC Ltd 1525 Jannock 6 00 Kaps 2 50 Kel Douglas A 4 85 Laurentide 7 25 Loeb 2 90 Loblaw A 6 75 Metropolitan 9 25 Massey Ferg 16 McMill Bloed Moore Corp 48 00 Molsons A 20 50 Molsons B 19 50 Nachurs 5 75 North Cent 9 75 Peyto 4 80 Power Corp 11 00 Price Co 1375 Rothmans 13 Shell CDA 14 12 z Simpsons 7 25 Simp Sears Steel Can A 30 50 Selkirk A 11 00 Texaro 35 50 Trad Gi A 9 Trans Mtn Pipe 13 75 Trans Can Pipe 9 50 Union Carbide 19 75 Union Gas 7 62 2 Union Oil 8 75 United Siscoe 4 30 Versatile Mfg 5 25 Westeel 21 50 Westons 24 50 Woodwards A 22 BANKS Can Imperial 23 75 Montreal Nova Scotia 34 75 Royal 39 75 Tor Dom 35 00 New York (Supplied by Richardson Securities of Canada) Amr T T 4275 Woolworth 1275 Anaconda 23 12M? Westinghouse Elec 1300 Beth Steel 31 00 US Steel 45 Chrysler Gen Tel Elec 20 62Vi Comsat 27 TORONTO AVERAGES Dupont 14900 20 Industrials 184 08 down 86 General Motors 41 87Vi 20 Golds 47366 down 229 Gulf 1950 10 Base Metals 80 59 down 36 Int Harvester 2250 15 Western Oils 177 98 up 01 Kenn Copper 35 Volume 607 000 Montgomery Ward 25 75 NEW YORK AVERAGES Sears 65 75 20 Industrials 755 47 down 11 81 Exxon 20 Rails 15892 down 1 12 Texas Gulf 29 37 15 Utilities 6892 down 41 Texas Co 25 124 65 Stocks 231 49 down 280 Wix Corporation 1200 Volume 4 700000 Western oil shares gain TORONTO (CP) Western oil shares made fractional gains but other major sectors of the Toronto stock market declined moderately in light mid-rnorning trading today The western oil index was up 07 to 178 04 The industrial index widely-based indicator of market direction, was off 46 to 18448, golds 165 to 474 30 and base metals 30 to 8065 The trend was similar to that on the New York market which had no decisive reac- tion in early trading to Presi- dent Gerald Ford's economic proposals contained in a speech Monday night to Congress On the Toronto market de clmes outnumbered advances 115 to 65 with 137 issues un changed Volume bv 11 a m was 318 000 shares up slightly from 263 000 at the same time Mon- day Maclaren Power A lost 1 to Stelco A to Ash- land Canada i to Alcan V-i to and Dofasco '4 to MacMillan Bloedel gained li. to Imperial Oil A to Goodyear Canada '4 to Bow Valley to and Anglo-Canadian Pulp '4 to United Sibcoe Mines fell 35 tents to 15 Mentor five cents to 70 and Coniagas iive cents to 85 Consolidated Rambler was up nine cents to 90 and "Norlex 1 cents to 28 centb Peyto Oils rose 10 cents to S4 90 while Ranger Canada dropped Hi to Market trends MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange todey Volume at 11 30 a m was 149 100 share compared with 180 200 shares at the same time Monday The industrial index fell 90 to 199 ID the composite 66 to 188 88 and banks b5 to 232 82 while papers rose 19 to 122 88 and utiliti s 13 to 128 37 Distillers Corp Seagrams fell to Du Pont of Canada i to and It International '4 to while Cominco rose 1 i to and Price to Among speculative issues Com pagnie miniere Lignens fell six cents to 84 on a volume of fa 100 shares traded VANCOUVER (CP) Prices wire mixed in moderate trading on the Vjn couver Stock Exchange this morning First hour volume was 115 538 shares In the industrials Jollv lumper was up 01 at 38 on 2 000 shares In the mines BX Developments rost 04 to 79 on 22 600 shares in the oils Coseka was uncli ing id at 94 on 27 100 shares On the curb exchange 000 slurcs- win traded in the first hour Santa Si nta w is up 02 at 'tt on 1 000 sh iris NEW YORK (AP) The stock market took another substantial drop todav in an reaction to a surge in commodiU futures prices The 11 30am Dow Jones average ot 30 industrials was down 7 jb at 9i and losers outstripped gainers siven to thiu on tin Vw ik St k Polaroid VYSE volume leader down s at Hog prices FDMONTON (CPi Puns t. I am provided b% thi H IL. Producers Marketing Bo ird Mnnd iv v prices- in brackets Edmonton 4fi Calgarv 4675 I4b99 Red Deer 4655 (4652 Grande Prune Nil (45 15) I lovdminsUr Nil r urviev. "Ml (4-j to) Lethbndgc Nil (4671 Fort Micleod Nil 47 (h Hogs sold to II d m 1 174 sold iv 8948 46 4') Sows ivcr 24 4> Winnipeg grain CPi Kid gram pri( t s soared upwards at rnid session on the Winnipeg ornmoditv 1 tod iv following Mondav s gloornv nnort that I S farm harvests this fall will be smaller than previous vears IxcauM of hcavv spring rams and a hot drv summer t immodities with d trading limits were up the maximum Those without limits such is II win mov ing dristuillv higher with the mix r tljx position rn ording a bid fob (c nts ibovt the previous (lose pru Mondav s volume of trade was 12r> 000 bushels of feed vheat 70000 of oats 4 000 of barlev S9i 000 ol cor n h8') 000 ol rve i20 000 of flax and 99 000 of rapeseed Mid session prices Rapeseed Thundir Bav Oct 22'. cents higher 804' B Nov 21 higher 800H Dct 11 higler7 99 Mu three higher 8 08B Kipeseed Vnuouvir 20 B Nov 20 higlur 8 14B Jin 20 hiLhcr 8 27H Mu 20 i 8 I (kt 40 il HiB Vn hh higher 11 OhB i HI Mav 10 lughtr 10 I eed whc it O t 28 i JIB HI 4 IT Miv II hlgllll 4 22B Julv IIIL.IH r 4 2bB Kailtv K) higher 12 M Du 10 highi i i Ib B Miv I i hij.ru i I Julv I liighti )29B Oats Oct lour higher 1 91 B Dec four higher 1 92B Miv four higher 1 95B Julv lour higher 1 991 Rve Oct IT higher 2 89' B Die H bight i 284' B MA 1) hit-tu i .91) B Julv 11 highti 24) B i rn Die 10 hiLhu M h M n 10 higher h8 B M i 10 IniJ r i "OB luh 10 highu U.9B Chicago markets UK futures clipped slnrplv igun Mondav on the Bo inl ol 11 idc iltc r wtekt ncl thunder storms o( t urrcd in drought stu ken re gions ol he I S Midwest thi third consecutive dav sovbeans plunged the limit ol JO cents bushel while corn lell the limit ol 10 cents lor the second sir light Jiv Other limit lossts included sovbcin meal itsll) i ton sovbe in oil 100 points ind o its h enls i bushel In the whe it pits I irge rommerc i il buvmg bolstered thi mirket opening 7 to 12 cuts i bushel lower whe il e lose el 2' to TC enls higher Oats in lull iwtil suxlx ins ind i hunt i l I 11 til i biisht (lit (I IM h( ins H -I) II wi I )4 Ilk it, lu hiulu i St pt( inb( i 4 U h n d i t.d I not li id( I Icuti 144 i! I S( nih( i 1 h.! un (jiiutt s Mond it Sip 4 12 4 4 Mi M 4 Mil 4 28 oin Sip 44 Di i i 17 M n M f !'l Mil W Oils Sip 1 Du 1 711 1 M ix 1 7 Calgary Livestock CAIG'VRY (OP) Receipts to 1! i m Tueselav from the Calgarv public storkvareis totalled about I 050 head practicallv all slaughter cattle Trade was strong and active with slaughter steers over 1 000 pounds meeting a good demand at higher Steers weighing under I 000 pounds were discouTted to I ight weight butcher bulls were under pressure and shirplv discounted Beef qualitv premium is me hide d in the steer and heifer pnees Steers Al A2 52 to i4 ifl Heifers U A2-40to4250 CowsDl 112 24 to 26 D1-21 to 21 TO D4- 16 to 21 There were insuffni nl replaceme nts sold toe stibhsh 11 t ulv imrktt Hogs h ise pne e 4h 7> 5.62 ACRE HIGHWAY COMMERCIAL SITE in RED DEER, Alberta The City of Red Deer proposes to sell Lot 5 Block 14 Plan 4436 T R to the applicant who in the opinion of the City, submits the best proposal for a Highway Commercial Project This choice property, measuring 700 x 350', is located on Gaetz Ave (Highway 2A) south of 30th St Purchase price of includes services Terms three equal payments at the time of, three months and six months from the agreement date, development must commence within one year and be completed by the end of the second year Sealed submissions, clearly marked "Highway will be received by the City Clerk, City Hall, Red Deer, Alberta, to 4 00 p m Friday September 13, 1974 ENQUIRIES: W. Pander, Economic Development Director City Hall, Red Deer, telephone ;