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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 22, 1973, Lethbridge, Alberta THI LETHMIDGE NIRALD Augutt 1973 TSE oil stocks sharply lower TORONTO Prices on the Toronto stock market were sharply lower in moderate mid- morning trading today. The industrial consid- ered the best indicator of mar- ket was down .80 to western oils 3.38 to golds 1.33 to 268.16 and base metals .18 to 101.68. Grain prices WINNIPEG Prices continued to plunge and all commodities were down their daily limits in light trading at mid-session on the Winnipeg Commodity Exchange today. Flas was down 60 cents and rapeseed 20 cents. Feed grains were also down the ex- cept for July oats and where losses exceeded the nor- mal daily limits because the contracts were traded for the first time. Tuesday's volume of trade was bushels of of rapeseed and 000 of rye. Mad-session Oct. 60 lower Nov. 60 lower Dec. 60 lower May 60 lower 10.13A. Rapeseed Sept. 20 lower No. 20 lower Jan. 20 lower March 20 lower 6.60A. Rapeseed Thunder Oct. 20 lower Nov. 20 lower Dec. 20 lower May 20 lower 6.05A. Oct. 8 lower Dec. 8 lower May 8 lower July 13 lower 1.50A. Oct. 10 lower Dec. 10 lower May 10 lower July 15 lower 2.25A. Oct. 10 lower Dec. 10 lower May 10 lower July 10 lower 2.82A. Grain quites Tuesday High Low Close Flax Oct llOVi Nov 1085 Dec 1073 May 1073 Rapeseed Vancouver Sep 678 Nov 695 681 681 Jan 692 682 682 Mar 685 680 680 Rapeseed Thunder Bay Volume by 11 a.m. was 000 shares compared with 000 at the same time Tuesday. Declines led advances 126 to 67 with 150 issues unchanged. The oil refining and food processing sectors of the iiidus- irial index had the greatest de- clines as about two-thirds of the industrial sectors were lower. Home A fell to Pre- mium Iron 25 cents to Nordair Vi to Foodex to Consumers Distributing to 520 and Imperial Oil to International Nicks.' rose iVe to Rojal Bank to B.C. Telephone to Erie Diversified 35 cents to end Canadian Tire A si Bankeno Mines dropped 25 cents vo Hudson Bsy Wit- ing to Sherritt Gordon Vi to ND Dynasty 15 ccv s Chemalloy gained five cents and Dome V2 to Scurry Rainbow was down Va to AND Pan Ocean Va to Asamera was up to and Canadian Bonanza 10 cents to Oct Nov Dec May Oct Dec May Jly Oct Dec May Jly Oct Dee May Jly MONTREAL AU sec- tors except banks declined in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was compared with shrees at the same time Tues- day. Industrials declined 1.69 to the composite 1.03 to papers .97 to 128.54 and utilities .37 to 140.69 while banks rose 2.38 to 263.64. On the Montreal Stock Ex- Imperial Oil declined to Domtar to Hollinger Mines to Imasco to and Massey- Ferguson to while Royal Bank rose 3A to On the Canadian Stock Ex- Royal Agasiz Mines de- clined three cents to 83 cents on a volume of shares traded. NEW YORK The New York Stock Exchange lost more ground today as Wall Street continued its obsession with the political problems of the Nixon administration. The Dow Jones average of 30 which closed at its lowest point in 20 months Tues- day after skidding almost 10 was down 3.76 points more to 854.08 at noon today. Among Canadian issues on the New York Alcan Aluminium was down ys at Dome Mines was off at International Nickle was down at and Massey Ferguson lost at Livestock CALGARY Receipts to 11 a.m. Wednesday from the Calgary public s t o c kyards showed sales of 600 most- ly steers and cows. Trade was dull with a narrow demand for all classes. A large percentage of the fleshy steers weighing 950 to pounds went out as feed- ers to an export order. Slaugh- ter steers sold steady at the lower sates to 51.40. Heifers were with sales to 51.30. Cows sold under pressure at or more higher. Bulls were about steady. 49.50 to 51. 49 to 50.50. 37 to 39. 34 to 36. 29 to 33. 46 to 48.75. Replacement cattle were mostly heavy shortkeep steers 900 to selling steady. There were insufficient feeder heifers on offer to estab- lish quotations. No stock calves were on offer. Good feeder steers more than 850 49 to 54. No hogs were sold to 11 a.m. Futures WINNIPEG Live bee futures close Tuesday. Sep Nov Jan Mar 5I.93A. Monday's Four COD- Imperial oil prices increased TORONTO Imperial Oil Ltd. announced Tuesday it is raising the wholesale prices of its principal products west of the Ottawa valley. The in a news re- said the move is the re- sult of an increase in Western Canadian crude oil prices Aug. 1 and recent finning of com- petitive petroleum pro duct prices. Effective Im- perial Oil's wholesale prices of its heating oils will increase 1.4 per cents per gallon. Wholesale prices of diesel and aviation fuels rise 1.6 cents per gallon except in Ontario where the increase will be two cents per gallon. The increase in the latter category is higher than for heating oils due to a federal sales tax which applies to gas- aviation and dfiesel the company said. And the additional .4 cent increase in that category for Ontario the need to improve refinery margins which have been depressed for some years due to the easy availability of Gold futures WINNIPEG Gold fu- U.S. Winnipeg Commodity Exchange close Tuesday. Oct 73 Jan 74 Apr 74 Jly 74 Oct 74 120.70B. Monday's 46 High beef prices boon for horsemeat sales Oil contract signed Charles Barney of the Mobil Oil Co. signs a contract Tuesday in Saigon with the South Vietnamese government for offshore drilling rights. The contract was one of three signed Tuesday. A Canadia n and another American company also signed. The Shell Oil Co. is expected to si gn next week. Next to Barney is Pham Kim South Vietnamese economic minister. Others are not identified. Miscellaneous quotations Hog prices a.m. WESTERN OILS AND MINES Montreal by McCnaig LAST BID OR SALE a.m. m a.m. Albany Oils Alta East Gas Alminex Asamera Ashland BP Canada Brenda Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oli Cdn Long Is Cdn Super Charter Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Mln Noble Mines North Cdn Oils Numac Pancdn Pels Pan Ocean Petrol Pinnacle Place Gat Ponder Ranger Scurry Rain Seibens Spooner Total Ulster West Pete W. Decalta Cygnus B Falcon Copper 1.10 F and M Trust 7.40 Genstar 4.70 Global Comm 11.25 Home A Home B 15.ZS Hud Bay Co 7.45 Hud Bay Oil 3.20 Hud Bay A Pfd 7.65 Hugh Russel B.OO Husky Oil Husky B Pfd 56.00 Husky D Wai 4.00 Husky E War 11.12VS Hys of Canada 36.00 inter Prov Pipe 9.65 Inter Prov SlMl .28 Kaiser Res 3 05 Loblaw C Pfd 10.00 Magnasonics 29.75 Pacific Pete S.1S p w Air 2.75 Pe-Ben Oilfield 2.15 Rainier Inc .95 Royal Trust 6.S5 Com Cap Corp 16.50 Sand we 1 1 14.62V2 Teledyne 15. West Cdn Seed 1 28 Westfield Min .34 Weston A Pfd .61 White Yukon 7.75 AGF Special 2.79 Cdn invest F 5.04 5.50 Col Mutual 575 6.31 16.00 Cmnw Inter 14.03 44.00 Cmnw Lev 379 4.16 46 25 Cmnw Vent 7.21 7.92 43.00 Corp Invest 6.17 6.79 Corp Invest F S.59 51.00 Deryfus F U.S. 11.48 58.00 Great Pacific 5.13 46.50 Gr In Shares 25 25 Gr Equity Invest Gr F 9 30 Invest Mutual 11 37'A Mutual Ac Mutual Gr f 7.85 Nat Res _ 12 6VA N W Cd-n fJs N W Gr TORONTO The rising cost of beef is a boon for To- ronto butcher Frank D'Elia. He said in an interview Tues- day he sold more than pounds of meat last about iOO more than normal from his shop which is no bigger than an average kitchen. Mr. D'Elia is a rarity In the Ontario butcher business. His in the heart of Toronto's Italian sells horsemeat. In fact that is what it is carni di in Italian. Mr. D'Elia attributed his re- cent increase in sales to the liigh cost of beef. 'Beef is too dear. Veal is too dear. Because this meal is cheaper they take ours. Then people start to like Mr. D'Elia said he has not in- creased his prices lately and bas no intention of doing so. Ground meat is 59 cents a T-bon-3 is and Gr Royfund Arc Sav .41 24.50 3.35 4.25 4.05 5.25 1.33 11.00 PIPE LINE STOCKS 7.75 95 5.75 6.00 MISCELLANEOUS INDUSTRIES Acres Ltd Aquitalne BC Sugar Pld Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Ind Crowsnest Ind Cygnus A Alta Gas A 19.75 Alta Gas Pfd 13.00 Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A Trans Can Tr Can A Pfd Tr Can B PW Tr can War WC Trans 12.00 71.00 19.50 Vanguard CALGARY Acroll Barons Dili North Cont Western Warner VANCOUVER MINES Anon Atlas Explor Bath Norse Dankoe 3.41 3.76 7.69 8.45 12.37 13.53 5.82 t.X 6.53 3.89 I 4 9a 5.43 4.94 5.43 4.88 5.15 4.46 4.90 6.66 6.94 8.42 9.20 5.59 7.81 8.58 5.97 6.56 6.13 EDMONTON Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. average Tuesday 63.68. Red average Tuesday 63.50. average Tues- day 63.94. a v e rage Tuesday 63.81. Total hogs sold to 11 a.m. 265. Total hogs sold Tuesday Average 63.68 sows Tues- day 50.20. U.OB 22.50 14.00 2.80 Equitorial Res Gibraltar Lornex Primer Pyramid Silver Standard 9.50 21.75 11.75 4.20 64.50 28.25 53.00 40.00 5-50 col Brew 17.25 Key 3.10 Wardalr 29.75 MUTUAL FUNDS 30.12V4 All Cdn Com 480 7.39 prp Explor 9.25 All Cdn Divid 7.27 7.90 Plains Pete 27 00 Alt Cdn Vent 3.64 3 98 Ponderay Explor .62 .02 .35 .40 1 M 1.77 .27 13 1325 13.25 .69 2.60 Valley Copper 9.10 INDUSTRIALS 2S.62Mi WC Trans WIs J.9I .25 1.33 .14 .88 7.75 Amr Gr F S.2S 5.80 Stampede Intl Res 1.07 Toronto industrials By RJcBtrflwm 8enritiw of Ford raises price of Capri model Ont. Ford Motor Co. of Canada Ltd. has announced a price increase on its Capri model car which is built in Germany and im- ported to Canada. The company increased the suggested retail price of the car and its options an average of 7.5 per effective with vehicles invoiced to dealers Aug. 20. The increase follows a similar move June 13 in the U.S. It will mean a increase in the Capri 2.0-litre model to and a increase in the 2.6-litre model to A Ford spokesman said the action was taken to recover higher costs resulting from in- ternational currency realign- ments. The Capri is the only Ford car affected. Four years ago was an average pounds a week-. Sales have increased Sieadily since Two weeks when be-jf and hog prices Vr. D'Elia was away on vacation. Fie said he could have mad-i a killing. Most of h i s customers are- Erom Belgium and who grew up eating he said. He gets a few. One recently bought an entire 154 pounds. Mr. D'Elia's 14-year-old said one Englishman who has 10 children comes in every two weeks and buys 50 to pounds of stewing meat. At 39 cents a that amounts to a considerable saving over beef. Mr. D'Elia said horsemeat will never replace or even com- pete with beef hi Canadian homes. afraid to eat something they don't he said. Domenic put it more don't have toe stomach for it. They see shows and go horseback riding. They're afraid to eat it. After you can't go riding on a Mr. D'Elia said horsemeat tastes much the same as beef. little but not Domenic said a horse Is a cleaner animal than a cow and is more particular about what it eats. Mr. Is supplied once or twice a week by Barton Feeders Co. Ltd. in Owen which exports large quantities of horsemeat to Europe- He opened his shop five years 14 years after arriving in Canada from Italy. He his trade from his who in turn learned it from his grandfather. He said Europeans began eat- ing horsemeat a century ago when doctors began telling their run-down patients that horse- meat would make them stronger- One of his steady customera are Gennaro and Coslmo Cassano who own a nearby Res- which serves as one of its specialties a horsemeat fBsb called brasciola or involtino. Most of then- customers art young persons who sometimes try the dish out of curiosity. Do they usually like said Gennaro. the CP Air revenues increase VANCOUVER CP Air has reported revenues for the first six months of 1973 of a 24.5-per-cent in- crese from the first six months of 1972. Passenger revenues for the six months were a 23-per-cent freight revenues were up 43.6 per cent to charter reven- ues increased 43.4 per cent to million and mail revenues were up 13 per cent. The biggest passenger In- creases -were on CP Air's polar route from Western Canada to Amsterdam and on flights from Western Canada to Hawaii and the South an airlini spokesman said Tuesday. No earnings figures wen available. Dollar Value MONTREAL U.S. dollar in terms of Canadian funds at noon Wednesday was up 1-25 at 27-50. Pound sterling down 31-100 at 83- 100. In New the Canadian dollar was down 1-25 at 23- 50. Pound sterling down 41-100 at a.m. MINES Acme Advocate Asb. Akaitcho Broulan Bethlehem Bo vis Brunswick Can N W Land Canada Tung. Cassiar Central Pat. Chimo Conwesf Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denlson Mints D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Faleonbridge Frobex First Giant Y.K. Granduc Hollinger Hudson Bay M-S Hydra Ex. Iron Bay ISO Joliet Quebec Kerr Addisan Key Anacon Labrador Lake Share' Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre LAST BID OR SALK a.m. .1216 1.25 1.17 2.15 .41 15.00 2.10 4.95 2.25 11.00 .95 1.10 4.70 3.50 .15 .96 7.55 3.40 38.1214 .43 1.45 3.90 2.81 77.00 .29 .45 8.00 3 90 44.50 26.25 .27 2.20 12.50 .31 4225 3.75 .04Vi 1.21 .12 1.30 .33 23.50 8.40 Placer Dev. Pax Exp. Quebec Man Rayrocfc Radlore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Tek Corp. Texmont Upper Canada Western Mines W H Cop Mines Wright Hargreaves .91 Wiliroy 1.04 Windfall .13 Bear 3.90 Zenmac a.m. Quoted 1.53 4.00 .26 2.70 3.20 3.45 Midrim Intern Mogul Nu West Homes New Athona New calumer Noranda Northgatt Norlex Osisko Pine Point .29 52.00 .16 .14 12.42'A 8.50 .16 .25 J2.2S 5.90 .35 35.00 INDUSTRIALS AbltibI Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brai Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Val Ind Cable CAE Ind Cdn Brew Chemcell Col Cell Calgary Power Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P'R. Comlneo Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dam Stores Dome Pete D of a sco ZJ.ta.Vi Glendale 9.00 2.40 Grt Cdn Oil 8.15 Gen Motors A1.25 Grt Lakes Pp 23.50 Gulf Oil CDA 36.12'A Greyhound Hawker Sid 4.45 Hiram Walker Hur Erie Imp Oil 41.75 30.50 Int Nickel 31.6216 int Pipe 22.62'A Inv Grp A 9.50 Int Util 33.S1.V2 Ind Accept 16.87V3 Kaps 6.00 Kelly Doug A 5.50 Ljiurentlde 11.25 Loblaw A 6.50 Met Stores 17.6216 Massey Ferg 21.75 McMillan Blot 31.87Vj 18.25 Moore Corp 50.00 13.00 Molsons A 24.00 6.62V4 Molscns B 23.75 9.75 Nachurs North t. Cent 9.50 Power Corp 11 25 Price Co 15.00 Rothmans 14 25 St. Law Corp 19.37V2 Shell CDA 20.37Vi 32.25 Simpson's Simp Sears Steel of Cda 3050 Selkirk A 15.50 Texaco 46 50 Traders Grp A 17.00 Trans Mtn Pp 19.50 Trans Cda Pp 28.37VJ Union 16.50 Union GdS Union Oil 37Vj United ssicoe 5.70 Versatile Mfg 7.00 16.37Vj Westeel 14.75 32.50 Weston's B 21.50 24.00 Woodward's A 23.25 West Cdn Seed 5.25 Zenith Elec 3.15 38.00 BANKS 22.75 Cdn Imp 30.12VJ 8.75 Montreal 18.00 14.75 Nova Scotia 34.25 Royal Tor-Dom 33.75 12.00 40.75 17.75 51.00 15.75 18.50 .15.50 10.00 4.60 4.55 6.00 23.00 1.95 1015 14.50 3.90 New York stocks By Richardson Secoritlei of Amr T and T Montgomery Ward 22.50 TORONTO AVERAGES Anaconda Sears 20 Indust 21X.OS off 51 Beth Steel 24.75 X-Ron 87.37Vz 20 Golds off 1.10 Chrysler 23.00 Texas Gulf 10 Met 101.33 off .53 Comsat 51.00 Texas Co 28.37V2 15 W Oils 247.84 off 3.14 Dupont 155.50 Wicks Corp 14.87'ANEW YORK AVERAGES GM WOOIworttl 30 Indust 854.08 off 3.74 Gulf Westlngnoutt Elec 33.87V4 20 Rails 152.00 off .84 Int Harvester 55.00 N.S. Steel 28 25 15 Utilities off .02 Kenn Copper Tel Elec 28.00 45 Stocks 259.33 off 1.03 Grain quotes CHICAGO Grain quo-1 Sep Dec Mar May Jul 2.81. Mar Sep May July 3.61. Sep Dec Mar 1 vr.tt 1 vj. i A GOOD PLACE TO SPEND THE HOLIDAY WEEKEND. On a long weekend a lot of drivers are so anxious to get out to those country breezes that they throw all caution to the wind. Because they're less it may pay for you to be a little more cautious. By driving a for instance. The Volvo body is so strong we've stacked seven Volvos on top of one another without crushing the one on the bottom. What gives Volvo this strength are the six steel pillars surrounding the passenger compartment and the thousands of spot welds holding the body together. The trunk and engine compartments are designed differently. They crumple on impact at a pre-measured rate to absorb a collision before it reaches the passenger compartment. On the steel anti-intrusion bars protect the passengers from lateral impact. And in front and hydraulic shock absorbers on the bumpers absorb low-speed collisions. But Volvo doesn't just protect you from other It can keep you from becoming other Disc brakes are designed to resist even after repeated panic stops. So Volvo has disc brakes on all four wheels. And Volvo doesn't stop there. It has a braking system with two independent sets of three-wheel disc brakes. If one set the other still gives you about SHORT STOP AUTO 538 6th STREET LETHBRIDGE of your braking power. Of driver fatigue can be just as dangerous as mechanical failure. So Volvo comes with bucket seats that let you concentrate on the road instead of the pain in your back. The seat-backs are infinitely adjustable with a special adjustment that allows them to be made firmer or softer. And since you really can't concentrate on what's ahead of you when you're worried about what's behind Volvo has a rear window defroster. As well as rear door locks that children can't open from inside. So when making plans for a long maybe you should plan on buying a Volvo. There's nothing like being prepared for the holidays. VOLVO MMJTOLVO CAHAM in. 328-6586 ;