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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 16, 1972, Lethbridge, Alberta 16, 197J -THE LETHBRIOOE HERALD 25 Business activity increased EDMONTON A buoy- ant economy resulted in increased business -activity during the first five months of 1072, says the July issue of Al- berta Business Trends, farmers' cash re- ceipts totalled million to the end of May, .says Die gov- ernment publication, up 25 per cent from the same period last year. Sales of livestock and prod- ucts displayed the largest in- crease, to million from million, while cash receipts for grains and field crops rose to million from million. Manufacturing sliipmcnts for the first five months were val- ued at million compared with million during the same period last. year. Oil refinery proluction lo the cm! of April was about 33 per cent higher than last year, saic the publication. Oil refinery production to th five months stood -at 4.4 million tons valued at million compared with 3.5 million ton: valued at million in- the same period last year. Stock prices dip in quiet trading Grain price review TORONTO Prices In Numac lo and Winnipeg Grain WINNIPEG (CP) Kapc- sccd prices were generally higher In a moderate volume ot exporter buying al mid-ses- sion on the Winnipeg Groin Ex- change today. Klax prices up fraction- .ally on a local and commission house trade while oats and bar- ley were relatively unchanged on domestic shipper interest. Rye prices worked lower on most major sectors of the To- ronto stock market drifted lower in quiet mid-morning trading today. The gold index was off 1.35 lo 212.42 base metals .01 to 93.72 and western oils .07 to 257.07. Industrials were up .01 to 212.40. Volume by 11 a.m. was 000 shares, down from at the .same time Tuesday. Despite the wide-spread de- cline, losses only edged gains J27 to 12 L with 204 issues un- changed. Oil refining, real estate, gen- eral manufacturing, food proc- essing and pipeline stocks moved moderately lower while banking, communication, bev- erage and merchandising issues scored strong gains. Canadian Cable.systcms was clown to Shcrritt lo PanCanadian Pete to Bank of Montreal to Interprovincial Steel and Pipe fell 'A lo Nortligato 25 cents to Abitibi Vs to Imasco to and Header's Digest Vi lo Nabors Drilling rose to Canadian Imperial Hank to Dome Pete to Pitts Engineering -1'e to and Bethlehem to Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by McCuaig LimUccl) LAST BID OH SALE a.m. Guofei) WESTERN OILS Almintx 6.55 Alfa Eail Gas 6.OS As am era Ashland BP Oil Gai a.m- Quofei] a.m. Quolnl Cdn Ex Gas 15 11.7i 6.70 3.95 or.g li Ind Gas Oil 10.6JV; JO. 75 X.10 10.CO 41.35 7. CO i.eo 4.05 Charier Chic flan Dome Pe1e Gi Plain-. Cl Cdn Oil Loch I el Iforlh Cdn Oil Pflncdn Pan orean Pefrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooler Sftbeni II, Tola I 6. UlMer i. Wnl PcFe TO, MISCELLANEOUS INDUSTRIES 27. Or! Husky Ofl Oil R Husky Oil War Infer Prov Pipe Infer Prov Steel Manage Rnlniej- Tcfedync WcM Cdn Seed While Yukon WseWeld CALGARY Acroll 16.00 tnveil Invest Mul 5.10 Mul Accm Miul Unlled Accm Universal Sav Vanguard Fd 12.95 H.I5 601 657 6.1? f-'d i.13 res 7 55 ce 6.00 h 5.6B 4.-16 7.'00 7 11 7.72 6.44 6.33 9.JQ 977 10.73 ti.tA 6.66 .as .49 M and C as 13.00 M C B Pfd: 26.00 Pacific Trans 11.75 Gnz 500 Gai M-iiro A 70.00 Trans Cda Plpv; 45.40 Trans Cdft B 4075 Trans Cria A Tram Cda War 13.131 ?9.on AMwi -1' Alias Expl Dathurit None Brenda CKS Churchill Cop SB .00 Croyden Davenport 19.50 Danktx; 15 so Dolly Varden Dynasly Equiforial For! Reliance Giant Grnlsle LyHon Miner i Primer Pyramid Silver Standar Texmont Trojan Valley Crfn Brew A Cdn Brew (1 Padllc Inv INDUSTRIAL Trans 9.6i MUTUAL FUNDS Grcal Pacific 5 M 5.SI All Cdn Corn 9.40 AM Cdn Dividi 948 10.34 BlocV Bros. All Cdn Vent 4 31 J.71 B C. Sugar Amer Grotf Fd rt.iB J.34 B.C. Sugar Pfd AGF Special 3.S4 Cflpt. Infernal ,1 Fd 5-35 5.76 Columbia 5 10 7.00 7.BO 1.95 l.r MVi 340 31.13 IS 50 3.80 5.42V) V.9l C Ve'sVbrcx: lT For In 3 VO H.87VJ Cmnwllh Int U.9? Hys 3.M Crows neit Cygnus A Cyfjnui B Falcon Copp Vent 8.0i Pacific Vrtil Air 21.75 Home B 34.CO Corp Invest 627 665 Stampede inH Res .78 Hud flay Co 18.SO Corp In Sfk Fd 5.31 OILS Hud Bay OK 47.50 Ofcy Fd U.S. 13-33 Albany Oil 73 Hugh Ruisell 40.25 Growlh Eqully 8.33 9.14 Weil Expfor Toronto industrials (Snppliccl By Illchanlson Securities ol Canada) LAST BID OH SALE PHICRS DOWN MONTREAL (CP) Price.s were down slightly in moderate morning trading on Ihe Mon- treal .stock market today. On index, industrials dipped .56 lo 230.50, utilities .08 to 160.G6 and the composite .37 to 221.74. Banks rose ,51 to 275.02 and papers .45 to 98.52. Combined volume on the Montreal and Canadian stock exchanges to 11 a.m. was 500 shares, compared with 400 at the same time Tuesday. Highlighting gains, Canada Dominion Sugar rose ITi to Falconbridgc Nickel to Canadian Imperial Bank of Commerce lh. to Shell Canada to and Con- sumers Gas to Among declines, Rapid Data dropped 1 Vz to Graton Group 1 to Gulf Oil Canada to Pacific Petroleum to and Asbestos Corp. lo i. On the Canadian Stock Ex- change, S and L Diversified rose to on shares. SLOW THADE NEW YORK (AP> Prices were mixed in today's stock market after a small retreat Tuesday, and the trading pace was fairly slow. The noon Dow Jones aver- age of 30 industrials was off 2.93 to 907.04 but gaining issues had a hairline edge over losing stocks on the New York Stock Exchange. A mon g Can adia n Issues, Dome Mines was up to Canadian Pacific to Hudson Bay Mining to Vi and Walker-Goodcrham to Gcnstar dropped to Seagrams to and Inco to On the American Stock Ex- change, Preston rose 'A to Canadian JaveHn was down Vi to and Scurry- Rainbow VH to Govl. loans available to veterinarians EDMONTON CCP) The Al- berta government will provide loans to veterinarians to buy or improve clinical fa- cilities for large animal prac- tices, Dr. Hugh Horner, minis- ter of agriculture, announce Tuesday. Loans of up to will bo made available to indivitiua veterinarians, he saiti, and to for veterinary clinics. They will be over 10 to 15 tears. Dr. Horner said the loan: can be used for constructing purchasing or renovating vet erinary clinics used primarily for examination and trcalmen of cattle, sheep and swine. ommi.s.sEon house re-selling. Volume of trade Tuesday was bushels of flax, f rupcseed and of rye. Mid-.session prices; Flax: Oct. Vz higher 3.03WA; 'ov. higher 3.00A; Dec. 1 igher 2.93A; May 14 Ugher Kfipesced Vancouver: Sep. 1 hifjhcr Nov. 2 higher Jan. higher 2.W; larch hiBticr Tnunder Bay: Oct. 2 higher 2.33; Nov. unchanged Dec. 'A lower 2.31'AB; .lay '.'i higher 2.33A. Oats: Oct. unchanged 75WA; Dec. unchanged May '.4 jghcr Barley: Oct. higher 1.19B; Dec. Vz higher 1.19'M; May un- changed Ilye: Oct. 1'A lower 1.06; Dec. i lower 1.0GB; May unchanged .I1A. Grain quotes Tuesday (hasis Low Close I'I ax Oct Nov '.'M Dec 292'. May 292 302 29311 linpcsccd Vancouver Sep 213'A 244% Nov 251 245'A 245'A Jan Mar Ilapcsoctl Thunder Bay 21018 Quota extended WINNIPEG (CP) Th Canadian Wheat Board has an nounced the B quota for whea allowing delivery of two bust els per quota acre for grades, has been extended lo the remaining 3fl shipping blocks where it did not pre- viously apply. The s ame q not a also vra s opened for seven delivery points in British Columbia Creslon, Dawson Creek, Fort St. John, Groundhirch, Pouce Coupe, Taylor arid Wynmlel. Oc-L Nov Dec May 241 Oats Oct Dec May 78 Lfc Uarlcy Get Dec May Hyc Oct Dec May 122 a 113 237'A 247 Id 2-mi 11 Mi 107 10G14 111 M7 247 'A 232 75V, 75% 78 14 11814 12112 107 11 1061i 111 Beef lulures WINNIPEG bee futures Tuesday. Scp M.70; N7ov 34.SOB Jan :M.75N; May 33.10B. Monday's volume: Two CO] Irat'ts. Livestock market report Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 415 cattle. Receipts mostly slaughter ittlc. Trade active. Good and loice butcher steers meeting owl demand, prices 50 cents lo i. as compared with last eek's hjgh. Good and choicesteady prices. No calves longer shipping season needed MELVILLE, Sask. (CP) Research efforts in the north vest passage for the shipping f Arctic oil may point the to an extension of the ship- in g season at Manitoba's .orthern Port of Churchill, Jus- ice Minister Otlo Lang said ic re. Mr. Lang, minister in charge if Ihe Canadian Wheat Board old about 200 people at a pub- lic meeting that a longer sea son would immcdi ately im >rove the chances for a millioi dollar investment In the port. He said the port probably wi! show record export shipment, again this year and grain mad up 90 per cent of the ship ments. The wheat board continues t do "everything possible" to crease the use of Church! where it is economically feas blc, Mr. Lang said. The board "has been placin increasing amounts of barle through Churchill and it makes it clear that grain is availab through Churchill later tha mid-October, the end of th shipping season in Hudso Bay." "The buyers so far have bee unwilling to take the risk tha their cargo of grain may trapped" in the ice. He said the shipping coi pany also has made it that a ship would be availab for the later dates "but so ft there has been no buyers U. ing up the challenge." utchcr heifers also meellng xxl demand, prices 50 cents wer for the week. All classes cows selling at strong prices, ilh odd haifrcy kinds up lo .50. Bulls or more higher, eplaccment callle scarce and elling 50 or more lower. Choice steers 31.50 to 32.20; ood 31 to 31.50. Choice heifers 29.50 to 30.10; OOd 28.50 to 29.25. Good cows to 2C.50; mc- ium 23.50 to 25; canners and utters 20 to 23, Good bulls 27 to 29.20. Good heavy feeder steers ver 900 Ibs. 31 lo Butcher hogs sold Tuesday t the Lelhbridge yards ase price. Good lambs 25. Ninety-five head of butcher logs sold for export at 27.55 to Calgary Livestock CALGARY CCP) Receipts in the Calgary livestock mar- 1 Mel SI or 2335 3 65 30.50 3A.OO 9.J7V, 14.15 Fcro Atlantic Anra Ind Hell Tel Hollinwr KuiJjon R.i HyiJr.i Iron Bay Jollcf Ouclxc Kerr Add) ton Kcv Anncoo Labrador Lake Shore Sifter Msrlln McNeely Maclnfyrfr MrcTrlm Infcrn Mogul Nu West Homes L. 5.DO 40 00 M-S 2n.7S inniier i-ti'i WcMJIIan Rloe "i', Ccirn WoUofiS A MoKons B rjorlh t. Cent Power Cerp Price Corp. 21.75 31.50 7-50 4 in 3 A. 00 1.60 sr. Law Corp Shell CDA Si cups en's 1 Sirnn Senri Selkirk A Tcxnco Trans Win Pp Trans Crf.i Pp Union Union Oil Ciln Virker Chryilcr C.P.R. 10 7S 30.00 1575 Tor-Dem 31. SO 30. OJ 49.00 n 37', -a JO 25 35 DO 53-3.1 33 SO 00 13-75 27 SO IB 00 73 00 39 75 3 15 2800 39 37 3i 75 3S-SO Show deficit OTTAWA (CP) Canada hatl a deficit In its balance of International pay- ments for goods and services during April, May and June this year, Statistics Canada re- ported Monday. It brought the deficit for the first half of 1072 to SC50 million, which compares with a surplus of Sim million in tLc first half of last year. Trade and finance officials have expected the surpluses of 197C nnd (lie first half of 1971 lo turn inlo a deficit. Dut the defi- cit in (lie latest three-month ]ie- riod was considerably smaller than had been expected. As previously reported, the country had a SM3-million sur- plus in commodity Irade with other countries, with exporls to- talling billion and imports running to billion. Ttie deficit resulted from pay- ments totalling billion to olher countries for services, offset by rcceipl.s amounting to only million in HID second quarter of this year. York stocks (Supplied Fly nictianTsnn of Canarfi) Amer T nnd T Chrysler ComsM Duponl General Moron Gulf Inf Harvester Kenn Copper fAcnfgom Ward HVi Sears 1U.37V1 U.lJVi Oil of N.J. Teyfls Gull 1I6.W1 30-SO Co. 33.75 5t 61'i Cwp 31.25 Electric 4i.87'4 14.SO U S. Slcel 79.3i 317S Gen Tftft ?3 TORDMTO AVERAGES 7163Vj 70 Inds olf .19 olf 20 Golds _.. 10 Met 11 M, on .07 U Wesl 15? 75, up .61 Voluma HEW YORK AVERAGES 30 1nds off 3.S3 JO RflilS 733 9i, Off Jl A5 SfocVs 51A St. cfl .70 ALL BUT C contnin all known vitam- ins except vitamin C. NOW CONVERT ANVRWBOF SMOOTH-SOLE SypJS INTO GOtFOft TRACTION FOOT WEAR. A KIT SUPPLIES 24JJMU5UE ALUM] MUM-Ai LOY_C L 6 ATS AND APHe'S'lVe FOR MOUNTING THE NORTHWEST LIFE ASSURANCE COMPANY OFCANADA For o confidential discussion coll or write Dick Bowman, 1514 12 N. Ph.: ISSUE OF (OR THEREABOUTS) NON-CALLABLE GOVERNMENT OF CANADA BONDS DATED SEPTEMBER 1, 1972 Bank Canada is authorised by Hie Minister of Finance lo receive sutscrij-lions for a loan, to be issued for cash as follows year 5 nionfh 5f bonds dnc February 1, 1974 Issue price: 100.00% yielding 5.75% to maturity Interest payable February 1 and August 1 months' interest February I, 1973 Denominations: nnd and ycnr 10 month 7% bonds dne July 1, 1977 Issue price: 100.00% yielding 7.00% for 4 years 10 months Convertible at tlic option of Ihe bolder into an cqiinl par yalnc of 5 year 71% bonds lo be daled July 1, 1977 and due July 1, 1982 yielding about 7.21% for me full 9 year 10 montb period commencing September 1, 197Z Interest payable January 1 and July 1 I'our ninnllis' interest payable January 1, 1973 end The Minister of Finance reserves the riglil to accept or reject in wliolc or in part any subscription and to allot n tobl S-125 million plus or minus up lo Hank ot Canada lias nnreed lo acquire a minimum million the new bonds, open as to maturity. Proceeds of the will be implied to the redemption of of Government of Canada 4J% bonds malnr- September 1972. 7lie new S.-JCi bunds due February J, 1974 are an addition to million 5i9S bonds due February 1, 1974 nnd dated July 1, 1972. The. new 7% bonds due July 1, 1977 arc Milion to million ol 770 bonds due July I, 1977 nnd dated July I, 1972. The new bonds due February 1, 3974 and the new 7% bonds due July 1, 1977 will be dated September 1, 1972 and bear interest from that dale. Principal and interest are payable in lawful money Canada. Principal is payable at any Acency of Hank of Canada. Interest is payable at any branch in Canada of any chartered bank without charge. Definitive bonds'will be available, on September 1, 1972 and thereafter in two forms: bearer form with coupons attached and fully icpislercil form with interest payable by cheque. Bonds of both forms will be in the same denominations and fully interchange- able as to denomination form without charge (subject lo Government transfer requirements where To cnahlc (he Government of Canada to cslalillsli six months iit advance Ihe amount to he redeemed for cash on July 1, "J977 am! thus plnu any required the option, pcrmilling holders (o convert Ihcir 4 year 10 monlh 77o bonds due July inlo an equal pur value of 5 ycnr7J% bonds due Jnly 1, 1982 may exercised only during (he six month period commcncinj; July 1, J976 and ending December 31, 1976. The new bonds are authorized pursuant to an Act of the Parliament of Canada and both principal nnd interest are. a charea on the Consolidated Kcvemic Fund Canada. Applications for the new bonds may be made, subject to aHotment, through any investment dealer eligible to act as a prim- ary (lisfrilnilor or Ihrough any bank in Canada. Finance Finances ;