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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 27, 1973, Lethbridge, Alberta Market prices decline TORONTO Prices on he Toronto Stock Exchange vere fractionally lower in mod- irate mid morning trading to- lay. The industrial consid- jred the best indicator of mar- tet was down .23 to base metals .24 to 101.17 and western oils .43 to 249.34. Golds were up .08 to 261.04. Volume by 11 was BOO shares compared with roo at the same time Friday. Declines outnumbered ad- vances 78 to 59 and 141 issues were unchanged. Construction and materials and steel sectors led declining sectors as 11 of the industrial index's 17 sub-groups were lower. Electrohome was down to Texasgulf to Do- fasco to Canada Ce- ment to and Cominco to Fairview gained V2 to Revelstoke V2 to Reichold to taterprovincial Pipe- line V4 to and Canadian Cellulose to Hudson Bay Mining off Vs to Chemalloy five cents to 53.05. O'Brien rose 10 cents to S1.05 Dome V'2 to United Canso Oil was down to Pennant-Puma 10 cents to and Canada Northwest 10 cents to MONTREAL Prices were generally mixed 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 shares at the same time Fri- day. Utilities advanced .52 to papers .21 to 127.34 and the composite .01 to 226.78 while industrials declined .12 to 244.08 and banks .09 to 272.95. On the Montreal Stock Ex- Melchers Distilleries ad- vanced V2 to Bell Canada V4 to and Toronto-Dominion Bank to while Alcan de- clined Va to Consolidated Bathurst to and Mas- sey-Ferguson 3A to On the Canadian Stock Ex- Cadillac Explorations was unchanged at 90 cents a share on a volume of shares traded. new hike in the prime lending rate to per cent. The noon Dow Jones average of 30 industrials was up 3.83 at 867.32. Among Canadian issues on the New York Alcan Aluminum was down to Mclntyre off to In- ternational Nickel down to and Canadian Pacific de- clined VB to NEW YORK The New York Stock Exchange con- tinued to climb despite a CAREERS WE REQUIRE a salesman who wants to work independ- ently and receive unlimited earnings. He must be an aggressive salesman who is will- Ing to train at our expense. Apply in Jbring a written resume to Towfie 542 13th STREET LETHBRIDGE INSTRUMENT REPAIRMAN TECHNICIAN for ALBERTA GAS CHEMICALS LTD. now constructing 600 ton per day Plant in Medicine Hat. Should have 5-7 years petrochemical industry prefer person who has electricians certifi- cate as well. Immediate opening under supervision of maintenance and engineering manager. Apply CANADA MANPOWER CENTRE ALBERTA Wanted PICKUP AND DELIVERY PERSON FOR SHOP PARTS DEPT. International Harvester Sales Service Centre 304 Stafford Lethbridge Phono 327-3125 TORONTO DOMINION BANK Careers in Management The Toronto-Dominion Bank is seeking individuals with one to five years consumer lending or other business or whose present position does not offer sufficient opportunities. Applicants must enjoy dealing with people and have a desire to work in a rapidly changing business. We offer a modern Management environment with annual performance and salary attractive benefits internal development programs and the opportunity for advancement based on ability. Oar BANKLAB offers the most modern training facil- ities in Canadian banking. For further information please R. A. Assistant 612 4th Ave. Alta. or Phone 328-1746 Miscellaneous quotations Montreal bj McCnaig WESTERN OILS ASD MINES LAST BID OR SALE a.m. 7.75 Will small investor come NEW YORK Wall Street's billion-dollar question When will small individual investors But some Wall Street insiders i are asking an even more basic Will those investors ever Their reasoning is that there has been a fundamental change in the that it now is dominated by institutions and the small and individual in- vestors have been permanently alienated. Paul Kolton. chairman of the American Stock warned in a speech recently that without those small and in- dividual the United States stock markets would be- come as dead and as their European counterparts. Although institutions may buy and sell in huge blocks of he frequently at j the other end of the transaction are many small investors with their 100 shares or odd-lot amounts. James J. head of the New York Stock has made similar statements and the exchange has launched programs to woo back the indi- vidual investor. EFFORTS FAIL It's obvious that those efforts to date have failed. But those who say the market will never be the same again remain in the minority. individual investor is no said Larry analyst with Bache and Co. not going to get his feet wet again until he's sure the storm warnings have passed and it's clear sailing A recent survey of investors showed that they were anxious to get back into the but were awaiting the right signs. Also awaiting some signs of significant changes in the mar- ket are many larger such as pension funds and uni- which now are heavily in cash positions. Some analysts say that won't be a turnaround until the present economic uncertainties over the and the overheated economy are re- solved. pointing to the recent decline in the glamor such as Eastman Kodak and say the end of the bear market may be at hand. These analysts note that glamor stocks are traditionally the last to fall in a bear market and their decline often marks the beginning of the end of such a market. Albany Oils 1.10 Alta East Gas 7.55 Almlnex 4.85 Asemera 11.00 Ashland 12.00 BP Canada 15.75 Brenda MInej 7.15 Can South 4.45 Cdn Ex Gas 3.20 Cdn Homestd 7.40 Cdn Ind Gas Oil 7.75 Cdn Long Is .19 Cdn Super Charter Oils 4.00 Chief tan Dome 35.50 Dynasty 9.65 Ft Reliance .27- Giant Mascot 3.05 Granlsle 10.00 Gt Plains Gt Cdn Oil S 7.85 Lochlel Ex 2.65 Lytton Min 2.04 Noble Mines .92 North Cdn Oils 7.25 Numac 17.00 Pancdn Pele 14.50 Pan Ocean 15.75 Petrol 1 30 Pinnacle .23 Place Gas .60 Ponder .40 Ranger 32.50 Scurry Rain 21.25 Seibens 12.75 Spooner .41 Total Pete 7.35 Ulster .94 West Pete W. Decalta 6.30 MISCELLANEOUS INDUSTRIES Livestock CALGARY Receipts from tha Calgary Public stock- yard to 11 a.m. Monday show sales of 150 mostly slaughter calves and bulls. Trade was slow with a nar- row demand for all classes. There were no slaughter steers or heifers on offer. Slaughter cows and bulls were under pres- sure selling barely steady. Cows Dl and 2 34 to D3 32 to 34. Good bulls 42 to 46.29. Replacement cattle were all steer calves weighing between 300 and 350 pounds and selling steady. Good stock steer calves more than 400 pounds 59 to 300 to 400 pounds 65 to 71. Hogs sold f.o.b. Calgary to 11 a.m. average base price KL.05. Hog prices EDMONTON Prices to 11 a.m. Monday provided by the Alberta hog producers mar- keting average Fri- day 63.66. Red average Fri- day 65.02. average Fri- day 65.00. N i average 62.55. Total hogs sold to 11 a.m. 639. Total hogs sM Friday Average 64.67. Sows aver- Cygnus A Cygnus B Falcon Copper F and -M Trust Genstar Global Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil Husky B Pfd Husky D War Husky E War Hys of Canada Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd Magnasjnics Pacific Pete Pac West Air Pe-Ben Oilfield Rainier Inc Royal Trust Corp Sandwell lUeciir.e Cdn Seed Westfield Min Weston A Pfd White Yukon a.m. All Cdn Vent 3.45 3.97 Amr Gr F 5.33 5.84 13.75 AGF Special 2.79 5.50 Cdn Invest F 5.05 16.00 Col Mutual 5.77 6.33 Cmnw Inter 14.64 lu.09 Comn LEV 3 78 4.15 Comn Vent 7.21 7.92 Corp Invest 6.20 6.81 Corp In St F 5.72 7.89 6000 Dreyfus F U.S. 10.51 11.52 Gr In Shares 3.38 3.72 Gr Equity 7.61 8.36 Invest Gr F 12.37 13.W Invest Mutual 5.82 6.37 Mutual Ac 5.95 6.54 Mutual Gr F 3.56 3.92 Nat Res 4.92 5.41 N W Cdn 5.67 6.23 N W Gr 4.93 5.42 Principal Gr 445 4.88 Royfund 6.70 6.97 Temp Gr 8 fQ 9.18 o United Ac S.T1 S.62 Universal Sav 7.84 8.62 Vanguard 6.19 679 CALGARY Acroll .59 Barons Oils North Continental .01 Western Warner .34 VANCOUVER MINES Afion 7.75 44.00 45 75 43.75 1775 25.50 41.62V 9.00 11.50 4.30 7.75 12.75 3.30 28.00 9.00 7.00 5.00 22.50 3.25 4.10 525 1.25 60.00 Atlas Expler PIPE LINE STOCKS Bath Norse Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A 12.00 7075 19.00 10.00 9 22.00 11 S3 4.10 6400 Acres Acqultaine BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook ind Crowsnest Ind 1375 Tr Canada Pipe 28.25 14.00 2.75 25.00 29.25 30.25 900 28.00 Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans 52.75 39.25 5.50 17.50 3.50 MUTUAL FUNDS AM Cdn Com AM Cdn Divid Dankoe Davenport Dolly Varden Equitcrial Res Gibraltar Lcrncx Prirrer Premid Silver standard Valley Copper INDUSTRIALS Col Brew Key Indust Wardair OILS Prp Exolor Plains Pete 6 77 7 36 Pcnderay Explor 850 .39 .86 1.90 .42 .23 .18 13.00 .14 2.65 9.10 300 .27 1.90 1.21 .28 90 Fill jobs Canadians don't want CP Hotels to import help Alta Cana- dian Pacific hotels may import at least 75 foreign workers this fall to fill hotel jobs Canadians apparently don't CP hotels vice-presi- said here. The company is considering bringing Mexican and perhaps Japanese hotel staff to fill va- cancies at the Banff Springs Hotel over the he said in an interview. situation with staff is Lumber prices to be increased 724 7.B9 Stampede Intl Res 1.10 Toronto industrials By Rlchtrffson Securities of VICTORIA Another big jump in wholesale lumber prices is on the way and it an increase in the price of new houses to prospective homebuyers. Forest industry spokesman said today builders can expect increases of 10 to 15 psr cent. Prices won't go as high as the peak in mid-April this but they will come they said. Representatives of the con- struction business in the prov- ince are angry about the in- creases. construction industry is fed up with these increases that sesru to be beyond all said Wayne president of the B.C. Construction Asso- ciation. He said that his inquiries have led him to believe the new round of hikes will carry lum- ber prices to record levels. Prices reached a peak dur- ing the spring and declined 10 to 20 per cent during the sum- depending on the at the wholesale level. This was the price B.C. producers got in the U.S. lumber market. B.C. wholesale lumber prices fell only five to 10 per a result of the two-price system forest companies have set up to try to cushion domestic lum- ber buyers from the wide swings in export prices. Mr. Farmer said that new prices to be announced soon by forest companies will eliminate this small reduction and push prices past the mid-April level. That was when Transportation Minister Robert him- self a former said the price increases were and threatened controls on the industry if they didn't come down. Company spokesman dis- agreed with Mr. Farmer's warning about a record price but confirmed that a new round of price increases is on the way. a.m. MINES Acme Advocate Asb. Akaitcho Bralorno Broulan Bethlehem Bavis Can N W Land Canada Tung. LAST BID OR SALE a.m. Central Pat. Chimo Conweat Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbrldge Frobex First AAaritimes Giant Y.K. Granduc Hoi linger Hudson Bay M-S Iron Bay I so Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Nor I ex Oslsko Pine Point- Placer Dev. Pax Exp. Quebec Man 1.25 Rayrock Radicre Rio Algom Roman Corp. Sherritt Gordon Steep Rock Tek Corp. Upper Canada Western Mines W H Cop Mines Wright Hargreaves Wlllroy Windfall Yellowknlfe Bear Zenmac INDUSTRIALS 1.15 2.15 .41 15.00 2.10 8.00 2.35 11.00 .93 1.11 4.95 3.45 2.30 .12 1 25 .32 28.50 840 .94 7.40 3.30 38.25 .42 1.25 3.60 2.68 76.25 .28 .45 8.2S 3.70 44.50 26.50 205 01 a.m. Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hiram Walker V51 Huron Erie 400 Ip Oil .23 Imasca 2.61 Int Nickel Int Pipe Inv Grp A Int Utii Ind Accept Ksps Kelly Doug A 3.10 3.40 .90 1.05 .M 390 .OSVi Laur'entide Abitibi Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ino Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Val In Cable CAE Ind Cdn Brew 1250 Chemcell -33 Col Cell 42.50 Calgary Power 2.65 Coron Credit .05 c.W.N. Gas Pfd 1 Cdn Ind .95 Cdn Marconi -24 Cdn Vickera 51.00 Chrysler C.P.R. .14 Cominco Cons Bath Cons Gas .14 Dlst Seagrams .25 Dom Bridge Domtar 6.00 Dom Textile .31 DomStores Dome Pete 33.50 Dofasco 2700 Glendale 11.75 Loblaw A Mat Stores 1675 Massey Ferg 13.00 McMillan Bloa t Moore Corp 9.75 Malsons A 40.75 Molsons B Nachurs 51.00 North Cent 15.50 Power Corp 18.50 Price Co. 19.75 Rolhmans 33.25 St. Law Corp 15.75 Shell CDA 10.00 simp Sears 4 55 Steel of Cda 4.45 Selkirk A b 37V2 Texaco Traders Grp A 200 Trans Mtn Pp 10.75 Trans Cda Pp Union Carb 3.95 Union Gas 20.50 Union Oil United Siscoe 14.50 Versatile Mfg 31.25 Westeel 23.50 Western's B 1475 Woodward's A 40.75 West Cdn Seed 1 37.75 Zenllh Elec BANKS 8.62V2 Cdn Imp Id75 Montreal 35.50 Nova Scotia Royal B 75 Tcr-Dom Quotes' 7.65 64.50 23.75 18.25 4.60 27.00 30.00 31.75 2275 925 23.SJI'2 16.75 6.00 52S 11.25 4.60 5.50 17.50 22 32.12V2 23.B7V2 7.50 10.75 15.00 1425 20.50 10.75 1575 65.00 19.50 28.25 16.25 9.62Vi 15.75 6.10 6 6714 1J.75 21.00 23 5.25 3.15 Newsprint tight supply to continue 31.55 18.62'A 35.25 36.75 34.75 New York stocks By Richsrdson Securities of Amr T and T Anaconda Betti Stesl Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper M IZ'A X-Ron 25 25 Texas Gulf Texas Co 43.75 Wickes Corp Woolworth W.B7V4 M Gelds 261.95 up .W 87 03 10 Base Atet 101.09 off .32 29.87'A 15 W Oils 548 84 off .92 2450 Volume 16.75 NEW YORK AVERAGES 20.53 30 Indust 847.B5 up 4.36 N.Y. Newspaper publishers were told today tight supply of newsprint will continue at least through 1974. next 13 months cannot be contemplated by publishers without said E. Rickards. manager of the news- print division of the Canadian Pulp and Paper Association. He addressed the opening ses- sion of the summer convention of the New York State Publish- ers Association. Rickards said the newsprint manufacturers his trade associ- ation represents want to pro- duce as much newsprint as they possibly providing there is a proper return on investment. The shortage of newsprint was the principal subject of conversation as the publishers met. SUPPLIES LOW don't know of any news- paper in the state which has discontinued said George president of the publishers' group. But some papers are down to only a few weeks in- cluding his own Rome Daily Sentinel. Waters said. 64.25 Westir.ghcuse Elec 3d 25 20 Rails 155.17 up .73 21 U.S. Steel 29.62'A 15 utilities U C. 33.50 Gsn Tel Elec J7.50 29 TORONTO AVERAGES 65 Stocks 243.17 up 1.07 Montgomery Ward 23.00 20 Indust 214.78 off .35 Volume Grain Prices WINNIPEG Prices moved narrowly at the then dropped in dull trade to- day on the Winnipeg Commod- ity Exchange. Flax prices led the with losses of more than 20 cents in most months. Rapeseed declines ranged from 20 to 9 cents. Oats was mixed and moved in a narrow wliiie barley bucked the trend and moved as much as 10 cents higher. Rye was down several cents. Friday's volume of trade was bushels of 000 of rye and or rape- seed. Mid-session Oct. 25Vfe Nov. 15 Dec'. 23 May 23 8.70A. Rapeseed Sept. 13 lower. Nov. low- Jan. 6.05 Mar. 6.05 Rapeseed Thunder Oct. 20 Nov. 9 Dec. 20 May unchanged 5.70A. Oct. Dec. May 1 not open. Oct. 8 Dec. May 10 not open. Oct. Dec. May 6 July 10 low- 2.f.2A. THIRD LARGEST Thunder the west- ern terminus of the St. Law- rence is Canada's third largest port. flflfl UUU INSURANCE Dtcrcasing Convertible Term IT WOULD PAY YOU TO COMPAB1 THIS WITH ANY OTHER TERM MONTHLY PREMIUMS Age 45-S.23.93 KEN BELSHER OCCIDENTAL LIFE of CALIFORNIA HOLIDAY VILLAOI NMM KM. 32M9M Dollar Value MONTREAL U.S. dollar in terms of Canadian funds at noon Monday was up 3- 50 at 23-50. Pound sterling was up 17-50 at 39-100. In New the Canadian dollar was down 3-50 at 27- 50. Pound sterling was up 1-5 at so critical now the only solu- tion is to go outside the coun- try. will need 350-to-400 new staff when the students make up the bulk of summer go back to school at the end of August. But we have found pnly 44 Canadians from Halifax to Vancouver who have replied to our cross-coun- try advertising over the last couple of He said special arrangements are being sought with de- partment of Manpower and Im- migration to permit workers in two CP-owned Mexican hotels to transfer to the two Alberta hotels on working visas good for 10 weeks or a year. In as many as 50 students of a Japanese hotel school will be hired he said. But the manager of the Cal- gary Manpower office has ad- vised CP the department will not approve the importation of foreign labor until it is satisfied over the next few weeks there are too few Canadians willing to take the jobs. A nation-wide order has gone out making the jobs available to persons registered for em- ployment at any of the Man- power offices across the coun- he said. we cannot provide this staff from Canadian then we would consider over- seas clearance. The depart- ment would give the employer approval to recruit overseas and allow them into the country. I don't think we've given this thing enough time in Canada. If people are available they should be New mosquito spray tested with success Calif. Scien- tists say they have found a way to control pesticide-resistant mosquitoes without drenching the countryside with harmful chemicals. Synthetic growth hormones capable of controlling mos- quitoes are being tested with great a University of California group said in a re- port released on the weekend. The when sprayed on wet areas where mosquitoes disrupt the normal growth pattern of mosquito lar- vae. Some grow so fast they split their shells and others grow so slowly they die before maturity. The growth hormones are en- vironmentally dissipating quickly into harmless sub- stances after being the re- searchers said. Farmers now pay about 10 cents an acre for pesticide spraying but the hormone treat- ment could cost between and an acre. A 1952 encephalitis outbreak in California which claime_d 50 lives was blamed on pesticide resistance among and a state official said the mosquitoes' resistance has in- creased since then. INVESTMENT LAND DOWN PAYMENT PER MONTH For maps and pictures Box Herald Dr. and Mrs. Kuipers HOME FOR 3602 South Parkside Drive Well built 5 bedroom family with Indoor pool and tropical 2 car garage wilh electric all draperies and many more luxurious features. Phone 328-4645. 2nd Mortgage. Money you may have forgotten about. Laurentide considers home Improvement one of many worthwhile reasons for borrowing money. If you're a homeowner we can lend you up to on a 2nd mortgage. And we have flexible repayment plans. There are no no finders fees. Drop by and talk to us or give us a cail. Right now. While It's on your mind. LAURENTIDE FINANCIAL CORPORATION LTD. A Member of the Laurentide Financial Group 311 7th St. South T1J 3Z4 327-5791 ;