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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 22, 1974, Lethbridge, Alberta LETHBRIOGE August Coaldale cattle breeder wins top PNE awards VANCOUVER (CP) This beef judging at the Pacific National Exhibition concluded Wednesday with Charolais and Aberdeen Angus breeders staging qual- ity shows Last vear Frank Slezina of Soutnolm Farms, Coaldale Alta brought a young Angus bull to the PNE that first won junior champion and then went up to become grand champion He brought the same animal back this year and proceeded to win the senior cham- pionship and then moved up to become grand champion for the second vear running Torro Negro Farms of Sidnev on Vancouver Island, showed grand champion Aber- deen Angus female with their senior champion Glenmere Blackbird Harvey Anderson and Sandan Charolais Farm Ltd both of Erskm Alta were picked one-two in the Charolais bull circle Leseurs Image winning the grand bull award and SDC Ancnor Aiglon 342 junior and reserve grand champion bull Sandan s MDM Hilda Mae got the judge s nod as grand champion Charolais female with B C finally getting a win when Van s Ranches Ltd of Langley captured junior female Charolais champion and reserve grand with the bame animal Gavin Hamilton of Inmsfail Alta showed a main Anjou Angus Shorthorn cross to take top spot in the commer- cial steer class Colin Baykey of Surrey, B C had a main Anjou Hereford cross for second Mrs Dorothy Jackson of Ladner B C showed cham- pion market lamb George Cruickshank and Sons of Sar- dis B C won the reserve champion market lamb award GM rolling back '75 car prices DETROIT (AP) General Motors under fire from Presi- dent Gerald Ford and some of its own dealers announced Wednesday it is rolling back record price increases on 1975 models by an average The new cars and trucks still will cost an average of nine per cent more than current models On Aug 9, GM the largest United States manufacturer announced an average in prices Wednesday it cut the increase to an average GM said the revised increase will average or 8 2 per cent, for cars and or 10 9 per cent for trucks Variety of sizes awaits mobile home purchaser Mobile homes come in a variety of sizes and some of them are bigger than houses savs the manager of one of Lethbndge s new dealership Karl Wilde of Wilde Rose Homes says the size of double wide units can go up to 24 feet by 60 feet or square feet Other sizes include 24 feet bv 48 feet or 1 152 square feet in a double- wide unit and 14 feet by 68 feet or 952 square feet, in a single wide unit he said The firm also sells modular homes said Mr Wilde A modular home is almost the same as a traditional house he said But it is prefabricated SHORTTERM FINANCING AVAILABLE and OVER Preferred Finance Corp Ltd 6012 Centre Street South Calgary, Alberta Phone 253-0196 on an assembly line and assembled at the housing site eliminating much of the on- site work Modular homes and double- wide mobile homes can be placed on a permanent foun- dation he said He also said single-wide mobile homes must have the approval of the Canadian Standards Association (CSAl and the larger units must con form to building codes An industry assoctetion also sets standards for mobile homes and travel trailers he said Prices range from about 000 to 000 for single- wide mobile homes to 000 for double wide mobile homes and to for modular homes he said Wilde Rose Homes with tour employees recently held its grand opening at 2102 2nd Ave N Mr Wilde the manager has about five years' experience in the business The company also is boosting shipping charges by an average to a vehicle GM Chairman Richard Ger- stenberg said the rollback was a response to "President Ford s appeal to all segments of the American public to help fight inflation Both the president and the National Automobile Dealers Association criticized GM last week for its record price in- crease Kenneth Rush, Ford's eco- nomic co-ordmator, praised the auto maker for its latest action saying "it shows a commendable desire to join in the fight on inflation He declined to characterize the rollback as either ade- quate or inadequate Rush also refused to predict what effect the GM action would have on the other auto makers million structure planned BURNABY BC (CP) The British Columbia Telephone Company will build a million head office com- plex here as soon as the land is rezoned to allow it The building consists of two phases an 18-storey terraced office tower and an additional seven storey northern wing The oifice complex, to be built opposite Central Park on the Burnaby side of Boundary Road will have square leet of office space, and un- derground parking for 500 cars aiatron 1003 4th Avenue South, Lethbridge Telephone 329-4426 Recall cars VANCOUVER (CP) The Nissan Automobile Company is recalling about Dat- suns to correct a possible fire hazard A spokesman for the com- pany said here Wednesday that the recall involved 3 300 1973 240 Zs and 400 1974 260 Zs He said the top of the tjel pump which is made of could crack under high temperatures which could cause a fire hazard Toronto market prices register sharp decline Jeanette Palmer of Kamloops had champion single market lamb in the inter-breed contest with a Suf- folk Second prize went to Hullcar Farms Ltd of Merritt, B C with a Hampshire cross Mary Ann Walz of the Pitt River Lamb Club had the champion market lamb in the 4-H section while her brother Michael had the second place animal TORONTO (CP) Prices on the Toronto stock market were sharply lower in moderate midmormng trading today The industrial index fell 1 81 to 173 88, golds 7 99 to 495 32, base metals 09 to 7523 and western oils 3 47 to 156 56 Volume by 11 a m was 000 shares compared with MONTREAL (CP) Prices dropped in light trading on the Montreal Stock Exchange today with industrials and banks setting their second new low of the vear this week Volume at 11 30 am was 318 900 -.hares, compared with 180 200 shares at the same time Wednesday The industrial index fell i ui to 186 19 banks 1 97 to 220 49 the com posite 1 97 to 177 84 papers 1 87 to 114 28 and utilities 1 74 to 124 77 The previous 1974 low for industrials was 188 20 banks 221 45 and the com- posite 179 81 Alcan fell to Algoma Steel Abitibi Paper to IAC Ltd '4 to and Canadian In dustnes Ltd 's to Among speculative issues Royal Agassiz Mines fell 15 cents to 95 cents after trading 13 900 shares Winnipeg grain (CPl Prices edged upward in light to moderate trading to- day at the open on the Winnipeg Com nioditv Exchange V am ouver rapeseed was up as much as 12 c ents Corn barley and rye were nearer to previous close levels and other grains were inactive Opening prices Thunder Bay rapeseed Oct Nov Dec and May not open Vancouver rapeseed Sept two cents higher 8 44 Nov eight higher 8 38 Ian 12 higher 8 30 March unchanged 800 lav (It t Dec and Mav not open Kid wheat Oct Dec Mav. and lulv not open Corn Dtc one higher 3 64 March May md July not open Barlev Oct unchanged 3 18'z Dei 4' higher 3 14 May and lulv not open Oils Oct Dec May and July not open Rve Oi t unchanged 2 85 Dec four higher 2 81 Mav and JulV not open Grain quotes Wednesday (basis Lakeheact High Low Close Flax Oct 1100 1092 1092 1085 1072 1075 Dec 1058 May 1048 Rapeseed Thunder Bay Oct 820 Nov 805 803 803 Dec 7% Mav 812 Rapeseed Vancouver Scp 842 82b 842 Nov 829 80b 829 Ian 818 802 818 Mar 802 782'i 800 Corn (basis Montreal) 3b1 3bt 367 367 i70 379 27b 285 270 277 279 283 118 318'2 308 309'. 315 1b 324 i 188'4 188'j 188'. 190 191 419 415 422 32b i Feed Feed prices (CP) Wheat Board domestic feed grain prices Wednesday 1 CW No 1 red spring wheat 4 19 No 1 feed oats 1 88'4 No 1 feed barley 3 18'a Call FALL CLEANING! AIR VAC 328-O286 Here's what we do: Entire duct system is sanitized, leaving a pleasant aroma Fan and motor are removed, cleaned and oiled Chimneys are inspected and cleaned, flues and heat exchanger are cleaned and checked, burners are cleaned and adjusted A PROPER CLEANING DOESN'T COST, IT PAYS! CALL AIR VAC A DIVISION OF NEUKO Metal Ltd. Complete Furna Service Work and Repair 1811 2nd Avenue South Phone 328-0286 shares at the same time Wednesday Declines outnumbered ad- vances 220 to 42 with 137 issues unchanged Noranda A lost to Gulf Oil 5s to Dome Pete to Vz, Texasgulf Vfe to and Bow Valley Vz to Dome Mines fell to Market trends VANCOLVER iCPi Prices were down in light trading on the Vancouver Stock Exchange Wednesday Total volume was 1 210 188 shares In the Industrials EDP Industries was down 01 at 07 on 11 500 shares MacmilUn Bloedel was unchanged at on 3 800 shares Cornat was un chjnged at 50 on 2 400 shares and Canterra was unchangeuat 25 c" 2 "on shares lu International was unchang ed at 25 and Gestalt was unchanged at 60 In the Mines Barrier Reef was up 09 at 83 on 121 050 shares Hiberma was unchanged at 35 on 66 000 shares Cvpress was up 01 at 55 on 48 900 shares and Anglo Bowmarc was up 17 at 85 on 46 500 shares Grandora was unchanged at 23 and AEX Minerals was down 50 at 35 In the Oils Pajette was up 02 at 43 on 16 400 shares Comaplex was un changed at 30 on 13 414 shares Williams Creek was up one half a cent at 09'2 on 10000 shares and Cop Ex mining was up 04 at 26 on 5 500 shares Rainier was unchanged at 40'a and Plains Petroleum was unchanged at 13 On the Curb Exchange volume was 423 919 shares Thor Explorations was up 25 at SI Oo on 55 400 shares Brent Explorations was up 07 at 50 on 54 000 shares Dasher was unchangeo at 37 on 2878J shares and Tampico was down 04 at 12 on 22 500 shares Spirit was down 01 at 14 and Yellowstone was down 04 at -lORh UP The stock market faltered once again today in the persistent grip of concern over inflation interest and an Vi, Camflo Va to and Pamour to United Canso was down to Pan Ocean V4 to and Western Decalta 15 cents to 75 United Siscoe gained 10 cents to 75, Irwm Toy A 10 cents to Chib-Kayrand two cents to 16 cents and Quebec Manitou one cent to 19 cents uncertain outlook for the economy in general The noon Dow Jones average of 30 in dustnals was down 8 52 at 703 07 and losers tripled gainers on the New York Stock Exchange Brokers said a new layer of un easiness was added to the market at mosphere bv fears that banks prime lending rates which have held steady at 12 per cent for several weeks might begin climbing again after a renewed upturn in rates in the short term money markets CNA Financial was the most active stock downJ4 A 94 900 share block traded at On the American Stock Exchange the market value index was off 90 at 7279 The broad based composite index was down 54 to 38 05 The lowest close ever posted by the index since it was begun in its present form nearly 10 years ago was )769 on May 26 1970 Tenneco fell to in a 119000- share block trade The glamor stocks continued to take some ot the heaviest damage with down 2-8 to McDonalds to after a delayed opening Bur roughs to and Upjohn to Coit International was the Amex s most active stock down to Sierra Pacific Industries fell 2ss to stockholder filed suit seeking to block a reorganization plan under whu h the company would buv. back all its publicly held shares at each (anadian issues on the Dome Mines rose '2 to while Alcan fell '.j to Inco 'a to S2b and Seagrams to The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED Livestock Calgary iCP) Receipts to 11 a m from theCalgarv public stocks irds totalled 1 900 head mosth steers w eighmg under 1 000 pounds and cows Trade was moderatelv active with i fair eastern demand Slaughter steers sold lower Steers ut der 1 000 pounds were dis- counted to oung fed bulls sold under pressure at discounts of to There were insufficient heifers sold early to establish quotations Cows were barely steady Bulls sold steady Steels M 4951 A3 474850 (ows 24 2h D4 16 20 Bulls good 265031 Replacements were scarce with in sufficient quantity sold early to es lablish quotations No hogs were sold to 11 a m Beef futures WINMPFC, (CP) Live beef futures close Wednesday Setp 50 50N Nov 50 50N Jan 50 OOIV Tuesday s volume No contracts Chicago markets Hog prices FDMONTON (CP) Prices to 11 a m Thursday provided by the Alberta Hog Producers Marketing Board Wednesday s prices in brackets Fdmonton 51 75 150941 Calgary Nil (51251 Red Deer 5205 ID! 17 Lethbndge Nil (51 00) Hogs sold to 11 a m 128 hogs sold Tuesday 1880 average 5103 sows average 28 50 Currencies MONTH! tort ign CM h mgc selling rates supplied bv the Bank ot Montreal dollar 1 4700 Btimud i dollar I 01 China nnmmbi 5100 Denmark kroner 1680 hrmte Iranc 207i (.crm my -nark )870 Hah lira 001545 lapan ven pi so 0795 Spain peseta 0175 Ir it'5 1 nited States dollar bC15 I nilcd Kmgdon pound 2 iC50 I S S R ruble 1 1021 Quotahons m anadian tunds WESTERN Inc 2 62V2 AND Trust 1900 Alton 3 90 Albany 3 95 Alta East Minerals 75 A Pfd 48 00 6 50 Ashland 87 STOCKS BP Gas A 11 25 Brenda Gas Pfd 54 00 Cda Nat Gas 1800 Cdn Export Metro 5 75 Cdn Metro A Pfd 55 00 Cdn Ind 87 Nat Gas 1250 Cdn Long C Gas 9 Cdn C B Pfd 1 9 00 Chieftan Gas Trans 8 25 Dome 62 Cda Pipe 9 25 Cda A Pfd 5262'z NV Ft B Pfd 29 75 Giant Pipe War 90 Cibraltar Trans 1850 Trans War 1 95 Grt Pla Grt Cdn Lochiel 30 Lytton Oil 06 North Cdn Continental 02 Numac Warner 27'? PanCdn Pan Norsemmes 86 Resources 70 Place 2 50 45 Ranger 6 50 Scurry Mines 1 75 04 07 Total Standard 1 16 Ulster Copper 5 90 United West Industries 05 West 1 60 Petroleum 25 Acres Pete 13 Intl Res 62 8C Sugar FUNDS Block Cdn Compound 5 08 5 53 Canbra Cdn Dividend 5 30 5 76 Cdn Pac A Cdn Ventures 2 53 2 75 Cdn Pac Growth Fund 3 69 4 05 Carling A 12 G F Special 1 83 Carlmg B 62' Inv Fund 407 446 Com Capital Commonwealth 11 44 Crest Leverage 2 64 Falcon Int I Venture 4 82 F M Investors 5 28 5 80 Inv Stock Fund 3 89 4 27 Home Oil Fund US 804 881 Home Oil Pacific 3 95 4 30 Hud Bay Income Shares 2 56 Hud Bay Equity 5 59 6 14 Hugh Russell C Growth Fund 1006 11 00 Husky Mutual 4 81 5 25 Husky Oil 8 Accumulating 5 27 5 79 Husky Oil E Resources 3 87 4 25 Inter Pipe M Cdn 4 64 5 10 Inter S W Growth 3 64 4 00 Kaiser Growth 3 48 3 82 Kaiser Res 500 521 Loblaw C Growth 655 718 Accum 3 77 4 14 Pacific Savings 6 94 7 64 Pac West 422 462 Toronto mines, industrials (Supplied by Richardson Securities ot Canada) CHIf I A rally sparked bv pood commercial support lifted wheat futures 16 cents a bushel on the Board ol Tradt Wednesday and strong Iv influenced trimming of early declims in most other commodity futures pits harlur in the session soybean and sovbtan oil tuhiris were down the limit Suvbtins n covered sharply itit I a( Is expired at noon but sin be in nl i futures were, mixed at the close while oats were down hve cents Wheat futures opened with a loss of about six tents continuing a decline that ran through three days Some commercial was noted with exporters and millers in the forefront As prices rose local shorts were forced to cover New buv ing developed in the sovbean complex corn and oats It failed to garner muth support in soybean oil and nits The> vie Uner uas selling factor in spy beans is the (1 hie ago wheat futures wt re up lh e e nts Sept Gulf hard it d at w is not Ir ided Sept 4 58N eorn is 2 lenyer to 1 i higher Sept )5! oats 5 lemtr Sept 159 and soybeans mixed Sept 727 CHICAGO (API Gram quotations Wednesday Wheat Sept 419 Dec 4 54 Mar 4 62 Mav 4 59 Ii.lv 4 Corn Sept 1 51 Dec 1 46 Mar 1 52 May 155 July 354'; Oats Sept 1 59 Dec 1 64 Mar 1 68 M-u I 72 Gold futures WINNIPEG KP Gold futures t S funds- mmpt g Commodity Ex change close 400 ounce contracts Oct 74 158 40B Jan 75 165 20 Apr 75 171 20B July 75 177 SOB Oct 75 181 90A Tuesday s volume 120 contracts 100 ounce contracts Aug 74 156 20B 74 161 00 75 167 20B Miv 171 SOB 75 178 lOR Tuesday s volume hi contracts Dollar value MONTREAL (TPi IS dollar in terms of Canadian funds at noon today yy-is unchanged at 2125 Pound sti rlmg was down 14 25 it 26 7 25 In N( w York the inadiaii iloll ir was unchanged at 02 21 200 Pound sterling wis clown 51 100 at 11 725 Earnings By THE CANADIAN PRESS Camflo Mines Ltd ended lunelO 1974 84 cents a share 1971 Oil 534 bO cents Campbell Red Lakes Mines Ltd months ended June 30 1974 85 tents a share 1973 ctnts Canadian I ong island Petroleums 1 Id months ended May 1971 110 loss Dickenson Mines Ltd s ended June 10 1974 49 cents a share 1971 000 26 cents Dome Mones Ltd six months June 10 1974 677 904 83 a share 1973 166 292 06 Island Telephone Co Ltd months ended June 30 1974 55 cents a share 1973 cents Melton Real Estate Ltd six months on Jed Juno 10 1974 21 9, ents a share 197! 27 7 cents Prefac Concrete Co Ltd indul June 10 1974 SlaO 000 15 cents a shin 1171 eight cents Reichhold Chemicals I Id months ended June to 1974 017000 a share 197 i M 42 Strathearn House Group Ud, SIY months ended lune 28 197" r 67 Quebec Kerr 11 62 Erie Imperial Oil A A Nickel Pipe Grp A R Int I G Ltd j ended Douglas A Laurentide 37 A 02708 46 Athona New Calumet 24 Massey Ferg McMill Bloed Corp A B Cent months Man Rayrock 90 Power Corp Price Co CDA 81000 1 six Gordon Steep Rock Sunnmgdale Tek Corp 62' 2 1 25 495 Simp Sears Steel Can A Selkirk A 00 ended Canso Western Mines WH Copper Mines Wright 237 300 2 Grp A T ans M n Pipe Trans Can Pipe Union Carbide I Gas LjlU 1974 197 Yellowkmfe Bear 07 Oil United Siscoe Versatile Mfg 87' A Imperial Ltd Scotia !0 Dom 1050 11 62 2 1850 1400 1087 7 50 21 00 270 4 90 2 25 550 335 825 21 75 285 14 00 13 12 2 13 12 2 2700 2675 1437 2 28 87 i 4000 2450 925 1275 21 62 2 2762 2 250 600 3850 1862V, 2600 15 50 525 3725 1850 28 12'2 2325 2587 2 1300 6 1075 1425 525 220 470 700 280 662 2 825 1425 2475 4250 18 75 1800 435 975 355 1025 1325 11 00 1350 675 975 29 37 to 11 00 3300 9 62'2 1250 9 37'2 19 12'z 762 2 375 470 1925 23 2075 21 87'2 1450 3200 2800 3375 New York (Supplied bv Richardson Securities of Canada) Amr T T Woolworth 12 Anaconda 2175 Westmghouse Elec 1187V2 Beth Steel 30 US Steel 44 00 Chrysler 1350 Gen Tel Elec Comsat 25 25 TORONTO AVERAGES Dupont 12950 20 Industrials 173 04 down 2 65 Gen Motors 39 37v? 20 Golds 496 05 down 7 26 Gulf 1862'j 10 Base Metals 74 50 down 82 Inl Harvester 20 62V? 15 Western Oils 155 57 down 4 46 Kenn Copper 31 00 Volume 798 000 NEW YORK AVERAGES Montgomery Ward 26 20 Industrials 703 07 down 8 52 Exxon 68 87'4 20 Rails 147 05 down 2 17 Texas Gulf 2725 15 Utilities 64 96 up 06 Texas Co 24 00 65 Stocks 215 49 down 2 37 Wix Corporation 11 25 Volume 7 110 000 ;