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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 28, 1973, Lethbridge, Alberta TSE prices down in light trading TORONTO Prices tvere mixed to lower in light mid-morning trading today on the Toronto stock market. The industrial consid- ered the best indicator of mar- set down .18 to 214.52. Golds was up .07 tc base metals .10 to 100.39 and western oils .29 to 249 66. Volume by 11 a.m. was 300 shares compared with at ths same time Monday. Declines edged advances 110 to 93 and 229 issues were un- changed. Banks and steels were among declining sectors as nine cf the industrial index's 17 sub-groups were lower. Oil refining and beverages were among gaining sectors. Cominco was up to SB to Imperial Oil to Conn Chem to EGT's and Interprovincial Pipe- line to Moore was off to Bank of Nova Scotia to Canadian Imperial Bank lk to Canada Cement to and Algoma to Hudson Bay Mining gained to United Siscoe 10 cents to and Placer 3'g to Tombill dropped five cents to 66 cents and Northgate five cents to Asamera Oil rose to and Page 15 cents to 53.25. Decca declined 90 cents to and Pan Tcean Vi. to and Defasco to while Moore Corp. declined IVi to Rapid Data Systems and Equipment to Cana- dian International Power to 511V2 and Andres Wines to I On the Canadian Stock Ex- Cabot Explorations rose one cent to on a vol- ume of shares traded. NEW YORK Prices on the New York Stock Ex- change gained fractionally in the absence of any news catalyst to spur buying. The Dow Jones average of 30 i industrials was up 0.38 at 71.09 at noon. Among Canadians on the New JYork Alcan was up to International Nickel I to Massey Ferguson to and Dome Mines to Paper shortage problems mount NEW YORK Short- ages of paper are causing in- creasing problems in the supply and availability of newspapers and such basic items as busi- ness corrugated waxed paper and paper bags. Much of the attention has fo- cused on some of have run low on news- print because of paper mill and railway strikes in Canada. But increasingly tight situations also are being reported in a Booming industry The booming tourist industry of Venezuela is the South American countries third largest income-earner 'be- hind oil and steel. Many of the tourists visiting the country spend most of Mountains form Caracas. their time in capital city of the backdrop -for this aerial photo of Miscellaneous quotations report MONTREAL All sec- tors except papers advanced in light trading on the Montreal stock market today. Combined volume on ths Mon- treal and Canadian stock ex- changes at 11 a.m. was compared with shares at the same time Mon- day. Banks rose .35 to 272.64. utili- ties .17 to the composite .13 to 226.86 and industrials .09 to 244.31 while papers declined to 126.50. On the Montreal Stock Ex- Cominco rose si to Imperial Oil Vz to Canadian Javelin to Hudson Bay Mining and Smelting to Dollar value MONTREAL U.S. dollar in terms of Canadian funds at noon Tuesday was up 1-25 at 11-25. Pound ster- ling was up 1-20 at 3-100. In New the Canadian dollar was down 1-25 at 14- 25. Pound sterling was down 1- 20 at 19-20. Calgary livestock CALGARY Receipts to 11 a.m. Tuesday from the Calgary public stocky a r d s show sales of about 154 mostly slaughter steers and stock calves. Trade was slow with a nar- row demand for all classes. Slaughter steers sold steady vdth last weeks type and quality considered. There were no slaughter heifers on offer. The few slaughter calves and bulls on offer sold at steady prices. Steers Al and 2 49.50 to 50.10. Cows Dl and 2 34 to D3 32 to 33.50. Good bulls 42 to 45.60. Replacement cattle were mostly light stock calves sell- ing steady. The few heavy feeder steers and heifers on offer sold at steady rates. Good heavy feeder steers more than 750 pounds 51 to 52. Good heavy feeder heifers more than 600 pounds 48 to 51.10. Good stock steer calves under 400 pounds 60t o 72. Good stock heifer calves more than 400 pounds 51 to 300 to 400 pounds 57 to 63.75. Hogs fob Calgary to 11 a.m.. average base price 58.35. Montreal bj MeCntlg LAST BID OR SALE a.m. WESTERN OILS AND MINES 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 .bring a written resume to Towfte 542 13th STREET LETHBRIDGE Albany Oils Alts East Gas Alminex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homsstd Cdn Ind Gas Crtn Long Is Cdn Super Charter Oils Qiiettan Dome Dynasty Fort Reliance Giant Mascot Granislp Gt Plains Gt Cdn Oil S Lochiel Lyttcn Min Notle AAinei North Cdn Numac Pancdn Pete Pan Ocean Petrol Oil 1 08 775 6.70 12 25 12.00 15 87Vj 7.15 -1.55 320 750 BOO Crowsnest Ind Cygnus A Cygnus B Falcon Copper F and M Genstar Global Comm Hsme A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell 2E 00 Atlas Explor .37 6 00 Bath 7 7J. 1 IS Davenport .42 5.25 DcllY Varden 28 1600 Equitonal Res 19 it 00 Gioraltar 13.00 J5 Lornex 13 00 4-i 25 Primer .08 17.75 Pyramid 1- 50 00 Silver Slan 1 12 Valley Copper 9 10 Octane numbers posted on pumps 33.00 21 25 1275 43 755 89 S 75 625 Place Gas Ponder Ranger Oil Scurry Ram Seibens Spooner Total Ulster West Pele W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Suoar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Ind .18Vi Husky Oil 52 25 Husky B Pfd 4.00 Husky D War Husky E War Hys of Canada 9 59 Inter Prov Pipe inter Prov Steel 3.05 Kaiser Re 10 00 Loblaw C Pfd 75 Magr.j-icnics 8 00 Pacific Pete 2.70 Pac West Air 215 Pe-Sen O'lfield Raimer Inc 7 25 Royal Trust Com cap Corp 1-150 SandweM Teledyne 1 23 West Cdn Seed .2.1 Westfield Min .60 Weston A Pfd White Yukon PIPE LINE Alts Gas A Alia Gas Pfd Aira Nat Gas Inland Nat Gai N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gai Metro A 13.75 Tr Can Pipe 22.75 Tr Can A Pfd Tr Can 6 Pfd 2.75 Tr Can War we Trans 58 CO J7 CO 41 62' 9 05 11.25 INDUSTRIALS Cc1 Brew 3 05 Wsrdair 1 90 OILS PRP Explor 1 15 Plains Pete 25 Pond Explor 93 Stam Int'l 1 C3 MUTUAL FUNDS AM Cdn Com 6.79 7.38 All Cdn DIVI 7 26 7 89 All Cdn Vent 3.65 397 Gr Fd i 34 5.S7 AGF Spec 2 80 Cdn Inv Fd 504 5.53 Coll Mutual 5 73 6.35 Comm Inter U 65 Ull Comm Lever 3.77 .4.14 Comm Vert 7 15 7.84 Corp Invest 6 21 6 82 Corp St Fd 5.65 Fd U.S 10.56 11.57 Gr In 3.36 3 70 Gr Equity 7.61 8.36 Inv Gr Fd 12 13.55 Inv Mut 6.07 6.64 Mut Accum 5 94 6.54 Mut Gr Fd 3 58 3.94 1o.l2Vi Nat n 541 9 NW Cdn 5 66 6 22 21.871 2 NW Growth J 96 5 45 11 SO pnn Gr i a -1.88 4.10 Royfund 6.67 6.95 00 Temp Gr B 40 9 21 Un Accum 513 5.64 Unlv Savings 7 M 8 62 3925 Vanguard 617 676 7. IS 12.50 3.30 27 50 8 00 31 00 900 7.00 500 2450 3 20 4 40 4 10 5 371 1 23 5950 10.75 STOCKS 12.CO 71 00 19.25 29.50 3025 9.00 Afton VANCOUVER MINES 540 17 Acroll CALGARY Barons Oil North West Warner .56 .03' 2 01 7 34 Toronto industrials By RlclMfMon of LAST BID OR SALE 01 rn. QuOtrSl J.m. 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 hove 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. Our BANKtAB 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 MINES Acme Advocate Asb. AKaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can N W Land Canada Tung. Cassiar Central Paf. Chimo Conwcst Cons. Rambler Coin Lake Cochenour Craigmonr Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Ateritimes Giant Y.K. Granduc Hollinger Hudson Bay M-S Hydra Ex. Iron Bay Iso Quebec Kerr Addiscn Key Anacon Labrador Lake Shore Ljngis Silver Madsen R.L. Malartic G.F Martin McNeely Maclntyre Mala Midrim Intern Mogul Nu West Homes New Athona New Calumet Ncranda Northgate Norlex Ofisko Pine Point .12 1 25 1.15 2 15 .41 14.75 2 10 5.00 8 2.35 1075 95 1 11 4.75 3.50 96 7 JO 3.30 38 35 27 so 2.30 12 1 25 32 26.50 8 50 Placer Dev. Pax Exo. Quebec Man Rayrock Radiere Rio Algom Roman Corp. Sherritt Gordon Steep Tek Corp Texmont Upper Canada Western Mines W H Cop Mines Wriqht Hargreaves .90 Willroy 1 04 Windfall .14 Bear 3.90 Zenmac .10 INDUSTRIALS oo .23 265 3.10 340 Abitibi 50 Alcan 1 IS Algorna Steel 4.00 Atco Ind 2 so Atlantic Sugar 76.50 Agra Ind 28 Bell Tel .67 Brazil Trac 8 13 .B C Tel 3.70 Burns 4.1 JO B.C. Forest 26.S2V2 B C. Sugar .26 Bow Va'l In 3 60 Cable J.iO CAE Ind 25Vj Cdn Brew 12.50 Chsmccll 31 Col Cell 42.75 Calgary Power 2.65 Ccron Credit c.W.N. Gas Pfd 1.20 Cdn Ind -'5 Cdn Marconi .27 Cdn Vickers 56 00 Chrysler .15Vi C.P.R. U Comirco 13.25 Cons Bath- 8.75 Cons Gas .u Dist Seagrams 25 Dom Bridge 51 7S Domtar 6 10 Dom Textile 31 Dom 23 Dome Pete 33 62' j Dofasco Glendale Grt Cdn Oil Gen Motcrs Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid H4ram 1.52 Hur Erie Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Kelly Doug A Lsurentiae Loeb Loblaw A 11 AAet Stores 32 75 Massey Ferg 18.50 Bloe 13.00 Moore Corp 4 6JVa Mplsons A 10.CO Molsons B -10.75 North Cent Power Ccrp 51 25 Price Co 15.62V'j Rothmans 18 75 St. Law Crop 19.75 Shell CDA 33 25 Simpson's Simo Sean 10.00 steel of Cda i 20 Selkirk A 4.tO lexaco 5.62'3 Trans Mtn Pn 22 75 Trans Cda Pp 2.00 Union Csrb 10.75 Union Gas Union Oil 3.90 United Versatile Mfg Weston's 8 Woodward's A West Cdn Seed Zenith Elec R 75 7 65 64 25 23.75 2600 18.25 4.60 54.50 27 30.00 31 75 2275 9.25 23.75 I 6 6 00 5.25 II 25 4.60 5 50 17.50 22 32.00 4S.JO 23.75 20.00 25 00 16.50 32 00 15.00 2.00 21 62Va Cdn Imp 8.75 Montreal 1475 Nova Scotia 36.00 Royal 27 75 Tor-Dom 925 10.87V3 15 00 14 SO 20.12''2 2075 8 1C 65 30.1 j 1600 1950 28 12' j 1600 16.00 6 60 6 1487i3 21.00 2375 5.37' 'j 3.15 30 75 IB 62Vi 34 75 3625 34.50 YORK Octane numbers have come to United States gasoline pumps. Under a new cost-of-living council all service sta- tions have been required to post ceiling prices and octane num- bers on each pump as of Sept. 1 Major oil companies have long resisted such claiming the consumer might be misled. is safe to say the con- sumer does not understand oc- and. likely as he at- tributes meanings to it that bear little relation to fact.'' says Mobil vice-president Joe Penick. Consumer advocates disagree Compulsory octane posting is as putting the proof on your or the calorie count on so-called diet Ralph Nader has argued. Like most gasoline is a blend. It is made by bining a number of chemically different to pet a' fuel that vaporizes properly in car engines and burns smoothly. BLENDS DIFFER Different companies make different blends according to the stocks they have to work says Ptay director of marketing for the American Petroleum a trade as- sociation. But all the basic blends end up with similar bulk Wright said. They have to in or- dsr to perform satisfactorily in the engine Octane is a measure of the point at Which a given blend be- gins to or bum in an engine cylinder. Knocking causes a metallic pinging sound. Using a gasoline of too-low octane may cause engine dam- age in time. But using a higher ociane than the engine requires adds no benefit The Federal Trade Commis- sion decided in 1971 there is merit in octane but an industry court challenge blocked implementation of its order. OPPOSE POSTING Several companies opoose any method of octane saying it emphasizes one qual- ity of the gasoline to the detri- ment of all others. Some are Grain quotes CHICAGO Grain quotations Monday. Sep Dec Mar May Jul 3.53. erode concerned that it brand identification. Until the gasoline shortage this much of the gaso- line advertising concentrated on the additive packages the com- panies put in their fuel. The additives range from which raises the octane to anti-rust anti-oxidants and de- tergents. Companies maintain there is a difference in their gasolines but as one observer noted after j extended hearings on the sub- ject several years ago. convinced there is a dif- j ference in gasolines but I'm not convinced that the difference makes any difference.'' Winnipeg grain WINNHPEG seeds and rye posted heavy while feed grains were slightly lower in moderate mid- session trade today on the Win- nipeg Commodity Exchange. Flax was abcrut 30 cents eas- while rapeseed again drop- ped down its 20-cent limit. Oats and barley edged a few cents while rye was 10 cents lower. Flax- Oct. 31 Nov. 36 Dec. 23 May 30 8.30A. i Rapeseed Sept. '20 5 Nov. 20 Jan 20 Mar. 20 5.82A. I Rapeseed Thunder Oct. I 20 lower. Nov. 20 lower Dec. 20 i May 20 5.41A. i Oct. j JDec. not May unchanged j July 3 Oct. not open Dec. 6 i2 lower. May not July not open. Oct. 10 Dec. 10 May 10 July 10 .A Grain quotes Monday High Low Close Flax j Oct I Nov I Dec May 880 870 SCO 860 S70 860 856 855 Rapeseed Vancouver Sept. 618 598 Jan 632 602 Mar 630 602 87G 866 356 860 598 602 602 Gold futures WINNIPEG fCPl Gold U.S. Winnipeg Commodity Exchange close M-'nday. Oct 73 Jan 74 Apr 74 Jly 74 114.10B. Oct 74 117.20. Friday's 28 contracts. Kapesccd Thunder Bay Oct 599Jz 578 2 5 Dec 559 534 Oats Oct 133 Dec 346'z May Jly Barley Oct 245 240 Dec 235 May 235 Rye Oct 254'i 245JL- Dec 240-M 250 578Ji 534 wide variety of other paper p-jjducts. A Los Angeles maker of bags and wrapping paper can buy only 60 to 70 per cent of the pa- per it needs. A grocery store says it is running out of paper bags. Gulf Oil Corp. says it finds suppliers are reluctant to bid on large or- ders of business forms. In where paperwork is a legendary part of the General Services Administration reports that paper inventories are short millions of pounds. The short- age hasn't affected government but an emergency procurement system based on national security priorities has been invoked or eight times'' to supply paper to the department of the Cen- tral Intelligence Agency and the National Aeronautics and Space Administration. New York's First National City Bank reports that the price of cardboard boxes has risen 20 per cent since January. To- ronto-based Moore Business the continent's largest producer of business says computer print-out which represents nearly a quar- ter of the industry's costs 20 to 35 per cent more. Eastman whose photo- graphic paper and film is made from wood says prices are up 25 per cent from a year ago. A spokesman at New Hamp- shire's Rumford Press_ serious you think the situation multiply by The reasons cited for the pa- per shortages are many and complex. A principal considera- observers is that new paper mills are costly and take two to four years to build. Sev- eral years there was a glut of prices were low and j there was little incentive to j build new plants. Them came the business boom i of the early at the same time as governments were mpv- ing toward stricter pollution I control. Industry officials say i that over a billion ap- proximately of new capital went into pollution cutting into funds for expansion. Mills are reported working at full but industry offi- cials say they have been ham- pered by economic la- bor bad weather in timber power cutbacks and a lack of investment capi- tal. May JlV 260 254 140 245 240 '-a 235 245 'i 2411 2 250 254 Preferred Finance Corporation Ltd. Short term financing avail- any amounts over Expedient ser- vice. Phone 262-3908 or 262-6465 mtall Exactly as Illustrated not included Suburban Garage Door Anyone can install this garage door easily. All Satincoat it won't crack or Climateproof weotherseal and a host of other Guaranteed for 5 full 9' X T Neiv York stocks By Riekarfew ScciriMei of Amr T and T Anaconda steel Chrysler Dupont Gen Waters Gulf Int Harvester Kcnn Copper Sean 30.00 X-Ron Texas Gulf 24.25 Texas Co 19.00 Wicte 159 tiVi Wonlwerth 64.25 West Elec 21 U.S Steel 34.00 Gen Tele Elec 9J.50 88.75 It 7S 30.00 16.621i 21 37VJ 34.25 59.75 M Gelds W2.33 off 11 10 Base Met 100.91 up .12 IS West Oils 349.61 up .24 Volume 000 NEW YORK- AVERAGES Ind 871. M up 37 iO. Rails 15 Ulll 95.47 up oft 69 TORONTO AVERAGES A5 Stocks J63.84 up .19 Ssp Mar 2.62. Sep Mar 1.18. Dec May 2.63U Jul May Dec 1 Jul Beef Futures WINNIPEG Live beef futures close Monday. Sept Nov Jan Mar 51.90. Friday's F o u r con- years Berry Doors hove 'Fingertip Floating Action' rollers and sponge rubber sound deadencrs almost complete silence. 71 95 a child con operate it. Nylon enable the door to operate in CO. LTD. Pioneer Lumber Dealer Since Cor. 2nd Ave. and 13th St. S. Phone 328-3301 ;