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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 28, 1974, Lethbridge, Alberta 20 LETHBRIDGE HERALD Wednesday, August 28, 1974 Trade active at mid-session TSE market prices drop slightly TORONTO (CP) Prices on the Toronto stock market were tractionallv lower in ac live mid-morning tiading I he industrial index fell 13 to Ib7 b5 golds 5 92 to 430 96 and western oils 08 to 14937 Base metals lose 21 to 70 17 Volume bv 11 a in was 508 Market trends MOYTRh M (U' Prices, wire tjenerdlh lower in light Hading on the Montreal Stock b todav at 11 JO i in was 212800 sharts compared with 20o 100 stuns it the same time fucsdav Ml lot il droppnf in t irh trading i reatmg raw 1974 lows Bink> Itll 1 43 to -111 papus 72tolOb80 the (omposite 4U io 171 88 industrials il to 17994 md utilities 2! to 121 74 Bank Canadian National fell i to Simpson s I td i to tteston Distillers Corp Siaijrams to and Inte: nation il t) while in rose to Impi na' Oil el iss to n d an idian P K iht I td 's to M2 issues C. olden Briar Mines iuse i me tents to IS on a volume ol 14 TOO shires traded V P Prices vvtre down Tuesdas in light tridinf, or the Vancouver Stock Fxthange Volume it the close was 1 763 819 shares On the industrials board Canteiri was down 05 at 18 on 8000 shales Great 1 md was unchanged it 72 on a volume of D 100 shares DP Industrie1; was unchanged at 07 on D 000 shares C ornat fel1 20 to 80 on 4 700 sha-es Rlork Bros was down at and PWA was limning d it In the mines Barrier Reef fill lit 17 on 190 JOO shares Bom trc fell 0} to b-) on 100000 shines Chicago markets LHIt U.O ommoditv futures ptneralh trided jn i world wide basis came unde strong si ling pressure Tuesdav futures fell to limits in New e> it 20 tints an ounce with the (Apinnt, options easing i httk more (ipfir futures were down in )rt than 2oO points in and coffee- and potitots aKi were lowtr f iton md orangp futures closed on irregular torn s but world sug ir cocoi md wool gained Farm (ommoditv futures came under strong sellnc Sov bt ins and sov oil futuns icll to limits ot Jl rents a bushel ird HO pmits respectively but t limit dccliic o 10 cents in corn futures wjs shivid before the Boird of Trade closed Oats were down the limit of six cents but whiat futures ibout 1" cents lower at one time c losi d with verv small losses Sov meal eased ibout i ton With the fall in gram pnrts live cattle and live hog lutures fell to limits on the Mercantik Fxchange Pork bellies adv meed ibout 45 points jnd shell eggs were down mole than 1110 points tht f lose in the b irci ol trieli sovbtans wert down 20 ci nts 3 bushi 1 Sept 27 C rmago wheat 1 to lower Stpt 425 Guif it rot nded corn 6V to 9 lower Sept 1 iO and oHs 4 s p' i -a- dram quotes Tuesdav Wheat Sep425 Dec 4 40 Mar 4 i2 Mav 4 42 Jul 4 22 C orn Sop 1 50 Dec- 3 41 Mar i 49 Mav 152'- Jul 1i2'2 Oils SeplD4'i Dec 1 58 Mar 1 M Vlav 1 drandoia was down 01'. at on 45500 shuts silver St inciard was up 11 40 300 sh ires Sum i was down 03 at 25 md was u[ 01 a 72 Most active issue in the oils w is Pivettt upj hilf (tntat 37 on 124 000 shares Stntc i Developments Icll 04 to 73 (in shares Pivctte down 01' at a half ent on I'l sh irts ovnex rose 04 to SI i3 on 12 200 dalveston was down 01 at 04 mci Whistler was up 01 at >i or the cu'b exchange was sliiitx Iliorrise 12 to 22 on Brentwaselov.n 02 at 54 on Ib 800 shd.es S mla Sflti was up 04 at 40 >n 14500 Resources w i-, unch lived U 02 on 1 i 000 shares Rich Hill w is unch mged at 20 md Uishf fel' 01 to 33 M-W 'lOHK Tht siuek mnkct intttd downward todav in in itiiieisplu e. ot cautious w ntirg ior 1 e-id it first news e nle ien4 to and I e I t liners j t i )n the V v 01 k M t k F M h Bnk is siil th Ticket got some ui p i I om short covering jr the puielii t it boir shares s jld e irliei bv triutr> in tdvime ot I ord n ctt L, vvi'h reporters slated ioi late i in the dav Thtv s'idtheat me sphe re still hid i dtiielelv gloomv c ist On the ic in S' k 1 the ITU ket index wi lr il to i" inse Minhitian Mo tg IL.C and Re iltv In-4 w is 1 wn 1 tc si K in tr i'ins tint me hi ie I i i02 share Si i k a File real e t ite invest me nt tin t re pen i I i i lo- il s( 91 million hie d iv I hi S[ n ii e i mpt s le irde c t ill li ted e mini in "toe ks w i u iwn Ot t 12 i adi n i e on the SI Dorm Minis e ii 11 Iln iin ilki r io s. t nei M issev heiti i i t i si In i se to s h shilc Mean urn imiil i ncn it s_rf md an i Ii i i I t Hit n si 000 shares compared with 275 000 shares at the same time 1'uesdav C anadian Tire A lost Jj to StelcoA BM RT Investment J8 to Canadian Pacific Investments Js to and Massey Ferguson 'i to Dome Mines tell 1 to Madsen 42 cents to 90 cents and United Siscoe 35 cents to Ram Pete was down five cents to 90, Western Decalta five cents to 25 and Canadian Export five cents to Dickenson gained Chemalloy 10 cents Siebens 5s to 90, Nova Scotia V8 to to to 25, Bank of and Peyto nine cents to 05 Livestock Calgary C. c Pi Receipts to 11 1 in on the talgarv public stoekv ud- totalled about 1 b50 head nuMlv sttcis hellers and cows liadt was ict ve on steers and hiift rs and dull on tows There was a j.ood eastern dem md for slaughter eat tie evident Slaughter steers sold full} to 75 cents highei 1-eeder bulls suit] under pressure at discounts of SH with some sales higher Sttirs U 4ti to 4'l Heileis 42 to 44 10 A3 40 to 42 (ovv-Dl D2 22 to 2J D3 20 50 to 2 Ih in 20 Bulls wire 2h to 10 Ihett were insufficient replacement t atli soldearlv to establish a market !lof_s base price 50 85 to 50 90 Beef futures Metals IOMXA Tue div si! smh rnot bid isk n p imds sterling metric ton silver in pt ice i trov ounc e (i ppe r Spot 41 741 futures "bt Tin Spot i 82i i 810 future ibW 1 cdd Sp i' i 2ii Inline s 211 Spot 4 >8 440 tutu is 448 4lO Silvu Suol liM 2 181 months 18h 1Kb Gold prices 1 ONDON luosd iv s closing gold prices in I dolhrs in ounce London 154 i-i Pins H720 Frankfurt H4 4h h In 00 Hong hong 14" W Beirut 4 higher i 84B Barle v Oct i higher 3 07' i Dec l'i higher 102'tB Mav one higher I08B lulv i05A Oats Oct higher 1 80'M Dec M iv and Julv not open Hve Oct one lower 2 81 'iA Dec '4 lowtr 77A Mav lower lulv not open VVINMPtG (CPi Gram quotes Tuesdav basis I akchead High Low Close Flax 1050 1019 1030 1021 MUST SELL 1504 ST. BASILS ROAD Beautiful new 3 bedroom split entry home sliding glass doors to covered patio 1070 sq ft Large lot Clea- title ready for immediate possession NRS 432 OPEN 5-9 p.m. p.m. Phone LES MARTIN 328-2464 or 328-2356 BLOCK BROS. WITH THIS HOME YOU WILL RECEIVE A COLOR TVI Dec M ,v Rapeseed Thunder Bay Nov He e Rapeseed Vancouver Sept 942' 2 'Nov Jdn 819 MJ- 801 Corn basis Montreal Dec 370 Mar Mav Ilv Rye Dec May JIV Barley Oct Dec May Jlv Oals Del Dec Mav JK Feed Wheat Oct Dec Jlv 1024' 282 279 290 t08 TOl' 109 842 818 800 368 278 272 282 305' E 300 305' 2 ISi'z 180 412 409 823 814 791 791 842 826 818 800 370 373 377 381 28234 2773i 287 283 306 '-2 301 307 180 181 184 190 411 415 422 426 CANPAC COAL ANNOUNCEMENT G. L. BINGLEMAN R. E. PARR W. S. WILSON P.J.URSO M N Anderson, President and Chief Executive Officer of CanPac Minerals Limited and Fording Coal Limited, announces the appointments of G L Bmgleman as Treasurer, R E Parr as Secretary and Counsel W S Wilson as Manager, Marketing and P J Urso as Manager, Operations, of both companies Mr Parr Mr Wilson are located at the executive offices of the two companies m Calgary and Mr Bmgleman and Mr Urso at Fording Coal's mine in the South Eastern Kootenays of British Columbia The appoint ments reflect the continued growth of these companies in the coal industry of Western Canada, both of which are owned 60% by Canadian Pacific Investments Limited and 40% by Cominco Ltd and are managed by Cominco ADVT The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Afton 3 20 Albany Oil 24 Alta East Gas 3 65 Almmex 4 60 Asamera 7 75 Ashland 7 00 BP Canada 12 Brenda Mines 4 50 Cda South 2 09 Cdn Ex Gas 1 95 Cdn Homestd 3 05 Cdn Ind Gas Oil 5 37 ft Cdn Long Is 15 Cdn Super 34 50 Chieftan Dev 4 40 Dome Pete 20 50 Dynasty 762'z Fort Reliance 15 Giant Mascot 65 Gibraltar Mines 6 12 fi Granisle 9 00 Gt Plains 39 75 Gt Cdn Oil S 575 Lochiel Ex 1 10 Lytton Mm 1 20 North Cdn Oil 3 10 Numac Oil Gas 9 25 Pancdn Pete 8 Pan Ocean 8 75 Petrol 1 20 Pmmcle 25 Place Gas 25 Ponder 46 Ranger Oil 16 75 Scurry Ram 19 Seibens 7 87' 2 Spooner 24 Total Pete 6 00 Ulster Pete 72 United Canso 9 87Vi West Pete 2 35 West Decalta 4 30 MISCELLANEOUS INDUSTRIALS Acres Ltd 6 00 Aquitame 1925 BC Sugar C Pfd 1275 Block Bros 2 55 Canbra Foods 2 60 Cdn Pac Inv A Pfd 25 75 Cdn Pac Inv 1300 Carlmg O Keefe A Pfd 17 00 Carlmg O Keefe B Pfd 20 62 2 Comm Cap Corp 1 65 Crestbrook Ind 3 15 Falcon Copper 8 25 F and M Trust Co 3 00 Genstar 16 25 Home Oil A Home Oil B 24 00 Hud Co 1400 Hud Bay Oil 25 50 Hud Bay Oil A Pfd 40 00 Hugh Russell C Pfd 59 00 Husky Oil 1350 Husky Oil B Pfd 33 00 Husky Oil E War 4 75 Interprov Pipe War 1 70 Interprov Steel Pipe Kaiser Res 3 40 Kaiser Res War 1 30 Loblaw Co C Pfd 22 Magnasonics 1 65 Pacific Pete 17 37'2 Pacific West Air 1337 2 Pe Ben Oilfield Serv 3 00 Rainier Inc Royal Trust Teledyne Trimac Westfield Mm Weston (Geo A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N and C Gas N and C Gas B Pfd Pacific Gas Trans Trans Cda Pipe Trans-Cda Pipe A Pfd Trans Cda Pipe B Pfd Trans Cda Pipe War WC Trans WC Trans War 250 375 370 63 4600 650 1050 5400 1725 525 5500 11 00 1000 1800 800 825 4575 2800 75 1700 1 25 CALGARY Acroll 30 Barons Oil 06 N Continental 02 Western Warner 19 VANCOUVER MINES Bathurst Norsemmes 76 Cima Resources 73 Dankoe 2 25 Davenport 32 Lornex 6 00 Northair Mines 1 45 Primer 03 2 Pyramid 07 Silver Standard 1 06 Valley Copper 5 40 INDUSTRIALS Key Industries 06 Wardair 1 55 OILS August Petroleum 23 Plains Pete 11 Stampede Int I Res 56 MUTUAL FUNDS All Cdn Compound 4 87 5 29 All Cdn Dividend 5 08 5 53 All Cdn Ventures 240 261 Amer Growth Fund 3 53 3 88 A G F Special 1 78 Cdn Invest Fund 3 90 4 28 Eaton Comnwlth 11 31 Eaton Leverage 2 60 Eaton Int I Venture 668 Corp Investors 3 70 4 07 Corp Invest Stock Fund 5 08 5 58 Dreyfus Fund US 7 82 8 57 Great Pacific 380 4 15 Grouped In Shares 2 50 Growth Equity 5 28 5 80 Invest Growth Fund 977 1067 Investors Mutual 467 511 Mutual Accum 510 560 Nat Resources 3 66 4 02 N W Cdn 4 39 4 82 N W Growth 3 45 3 79 Principal Growth 3 33 3 66 Provident Mutual 6 05 6 62 Royfund 5 00 521 Templeton Growth 469 514 United Accum 3 66 4 02 Universal Savings 671 738 Un vest 5 33 5 85 Vanguard 4 03 4 42 Toronto mines, industrials (Supplied by Richardson Securities ot Canada) MINES Acme 08 Advocate Asb 1 00 Akaitcho 1 55 Bralorne 1 10 Broulan 47 Bethlehem 9 Bovis 1 25 Brunswick 3 95 Can NW Land 300 Canada Tung 4 00 Cassiar 4 95 Central Pat 90 Chimo 1 10 Conwest 3 05 Cons Rambler 265 Com Lake 17 Cochenour 1 00 Craigmont 4 30 Dickenson Mines 7 75 Demson Mines 40 75 D Eldona 28 Dome Mines 49 37 i Discovery Mines 1 15 East Malartic 4 75 East Sullivan 2 25 Falconbridge 35 00 Frobex 15 First Mantimes 31 Giant Y K 9 25 Granduc 1 60 Hollmger A 25 12'j Hudson Bay 1675 Hydra Ex 50 Iron Bay 5 00 Iso 1 01 Joliet Quebec 20 Kerr Addison 11 Key Anacon 26 Labrador 29 00 Lake Shore 4 75 Langis Silver 11 Madsen R L 91 Malartic G F 115 Martin McNeely 25vz Maclntyre 27 50 Mela 09 Vj Midnm 14 Intern Mogul 4 50 NuWest Homes 4 75 New Athona 16 New Calumet 18 Noranda 34 25 Northgate 4 35 Norlex 22 Pine Point 29 75 Placer Dev 16 00 Pax Exp 1 15 Quebec Man 14 Rayrock 82 Radiore 19 Rio Algom 62 Roman Corp housing with the average cost of shelter rising 14 8 per cent and household operation 17 9 per cent Among household opera tion items the cost ot fuel oil rose by 58 per cent by far the largest increase in the group The clothing index was up 15 8 per cent during the two year period Pinto car production to be cut DEARBORN Mich KP) Atter investing millions to increase small car production early this year Ford Motor Co is cutting back Pinto production because of dwindl- ing demand The firm said 700 workers will be laid off indefinitely this tall at Ford s San Jose Calif plant where output of the subcompact Pinto is being reduced to 40 from 54 cars an hour ed gasoline would be readily available in major urban centres and along major highways Ford Motor Co of Canada Ltd and Chrysler Canada Ltd will not be equipping their 1975 standard models with catalytic converters and their engines will run on any type of tuel Catalytic converters are emission-control devices which require the more expen- sive unleaded gasoline Ford and Chrysler decided not to offer the catalytic con- verters on their standard models because of fears there would not be enough unleaded gasoline available in Canada Regular leaded gasoline ruins the effectiveness of the converters so that engines violate emission standards Federal government esti mates indicate one in five brand name stations will offer unleaded gasoline bv Oct 1 GM said final prices have not been determined for the optional engines but the total package is expected to be slightlv cheaper when com pared with standard models with converters The company is stressing that standard models with converters should show an average improvement of 13 per cent in fuel economy in the citv compared with 1974 models and longer engine life New plan for hog marketing LACOMBE Alta new concept for marketing hogs was unveiled here Tues- day bv Bill Wright a director ol the Alberta Hog Producers Marketing Board Mr Wright told a meeting of producers that phase one of the plan to be implemented next spring will improve ef- liciencv compared with the present teletype method of selling bv broadening the ex- change system Marketing yards would be constructed in Edmonton Lethbndge and Red Deer and also in Calgary Grande Prairie and Vermilion depending on the success of the scheme he said The proposed alternative method of selling expected to be detailed later at a news conference in Edmonton is designed to provide a more unitorm tlow of hogs from producer to processor which would reduce daily variations in hog prices he said Mr Wright told the meeting the system would cost the producer 30 cents per animal in addition to the 45 cents now paid to have hogs marketed through the board based on an annual slaughter of 1'2 million head In phase two the board is considering construction of a hog slaughtering plant in Lethbndge or Red Deer pnmai ilv for the slaughter of export hogs The Alberta hog board expects to negotiate a new contract with Japan this fall and Mr Wright said ex- port demand will be high (3 Year Term) GUARANTEED SAVINGS CERTIFICATES Interest payable monthly, quarterly, semi-annually or compounded to maturity. Member Canada Deposit Insurance Corporation Depositors can purchase Olympic coins FARMERS MERCHANTS TRUST 309 7th Street S., Lethbridge Phone 328-5548 Fm ;