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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 30, 1974, Lethbridge, Alberta Friday, August LETHBRIDGE HERALD-21 TSE stocks moderately higher Market price slump ends TORONTO (CP) Prices on the Toronto stock market were moderately higher in moderate mid-morning trading today The industrial index rose 55 to 165 75, golds 5 85 to 468 26, base metals 30 to 68 80 and western oils 16 to 147 80 Volume by 11 a m was 000 shares compared with shares at the same time Thursday MOVTKfrAI (CP> Prices were mixed in light trading on the Montreal Stock Kxthange Volume at 11 30 am was 162500 shares compared with 385300 shares. at the same tiint I hursdav Utilities rose 33 to 120 22 in dustnals IT to 177 56 and the com posite 09 'o Ib9 75 Papers fell 1 03 to 105 60 and banks 88 to 209 09 International Nickel rose i to S25'i Canadian Javelin to S8U Canadian Pacific ltd B to (hrvslerf orp to Distillers Corp Seagrams 'h to h and 1-erguson Bank ot Montreal leli to Abitibi Paptr i to V> and Toronto Dominion Bank 'c to J31 H Among speculative issues oaspe Quebec Mints rose one cc.nl to SI 13 alter trading 5 )50 shares Chicago markets CHICAGO APi Profit taking and apparent spec ulative liquidation set off a pattern of lower commoditv futures prices over a wide area Fhursdav Most commodities on the Board of Trade closed lower siher coffee and copper lutures lost ground in the east and live cattle and pork bellies were down while live hog futures and "hell eggs c losed on a mixed tone on the Mercantile r Grain future s had fallen to limits and near limits Mond iv and Tuesdav after recent ram had apparently favorable effects on the new crops in a turnaround and sovbeans meal and oil advanced to limits commodities weie lower on the opining Thursdav and onlv wheat futures were able to make an effort to idvanc (ocoa wool iiange jimt and world sugar futures posted small adv mces in light trade At thi (lose on the Bo mi ot Trade sovoeans wcie down to 11 cents i bushel Sept 743 Chicago wheat i lower to I hiphir Sept 43! dull whiat not traded corn t to 6 lower Sept Ml', and oats 1'a to 3'. lower Sept I 57 Grim quotations Thursdav Wheat Stp43t Dec 4 4T Mar 4 57 Mav 4 lul 4 27 (orn Sep t49'i Dec 44 Mar 150' Miv !54'_ lul 3 55 Oals Sep 1 57 Dec 1 59'_ Mar 1 b4' Mav 1 67 Dollar value MOM HI- V IS dollar in terms ol anjdian tunds at noon todav was up 4 .25 at 98 19 50 Pound steil ing u is up 11 lO at S2 28 21 25 In "lork the Canadian dollai was down 4 2> it M 01 62> Pound sidling w is down 20 at V> 11 i Advances outnumbered de clmes 124 to 115 with 157 issues unchanged Alcan gained Vz to Canadian Pacific Investments to Vz, Moore to IU International Vs to and Inco to Leon's Furniture lost to Kelsey-Hayes Vz to Bank of Montreal Vi to Trans Mountain Pipe Vz to Market trends VANCOUVER (CP) Prices were mixed m light trading Thursday on the Vaneouver Stock Exchange Volume at the close was 1 114 928 shares In the industrials EDP was down one cent to 06 on 10 000 shares BBC Trust units was down 25 to 75 on 7 525 shares International Land was unchanged at on 6600 shares Canterra was up 02 to 18 on 5500 shares Venture was up one cent to 41 and Computrex was unchanged at 30 In the mines Wharf was up 05 to 78 on 63 500 shares Barrier Reef was up one cent to 19 on 54 400 shares Iskut was unchanged at 02 on 33 000 shares Anglo Bomarc was up 04 at 76 on 30200 shares Arondien was down 03 to 46 and was down 21 at 24 In the oils Pavette was down 02 to 15 on 26 000 shares Seneca was up 08 to 85 on 11 500 shares Futurity was unchanged at on 8500 shares AugaSt Petroleum was unchanged at 20 on 8 100 shares Covnex was up 02 to SI 52 and Cop Ex was up one cent to 21 On the curb exchange 386 375 shares were traded Cadet was up 02 to 19 on 50 000 shares Thor was up 02 at SI 23 on 25 900 shares V ellowstar was down 05 to 42 on 21 000 shares Gentrv was and Home Oil A to Pamour was up to Dickenson Vs to and Kerr Addison Vs to Mclntyre fell Vz to PanCanadian Pete rose to Ranger to and Pan Ocean to Total Pete was down to and Western Decalta 15 cents to down 03 to 09 on 18 500 shares Santa Santa was unchanged at 45 and Brent was down one cent at 45 YORK (API The stock market put on its first show of strength in more than three weeks todav with a broad technical rallv in brisk trading The noon Dow Jones average of 30 in dustnals was up 10 32 at Ib and gainers held a five to two advantage over losers on the New York Stock Ex change CNA Financial Aas the St. volume leader unchanged at S5 in a 150 000 snare block trade At the Amenean Stock Exchange the market value index was up 48 at 6951 The SE s noon composite index of all its listed common stocks was up 59 at 37 21 Among Canadians on the New V ork exchange Alean gained 'H to and Internationa] Mickel to Mcln tvrc was olf '2 to and Seagrams 'K to S27Ji On the American exchange was up 'i to Dome Petroleum to Wl'i and Pato up 'i to Ranger Oil gained h to Gull Canadi dropped 'i to Winnipeg grain iCPi Trading con tmued to improve through mio session at the C ommoditv Exchange todav with prices onlv a few cents hrim previous close levels Most ol the aetivitv was centred in Vancouver rapeseed flax barlev and ne where prices moved up to three cents m both duections Thursdav s volume of trade was 2 979 bushels ol rapeseed 85 000 of I lax i2 000 of rve 588000 of barlev 210 000 ol oats and 52 000 of feed wheat Mid session prices Kapisied 1 under Bav Oet un i h ingc d 8 (7 Nov Dee and Mav not ope n Hipisced Vancouver Sept 31- lovur Nov higher Ian thiee lower 8 919A Mar 2' i lower 7 Hix Oct three lower 10 Nov one highei 10 ibB Dec two higher 1 '2B1 Mav not open Iced wheat Oct higher 412 Dot Mav and ]ulv not open (orn Dec unc hanged 3 75 Mar Mav and Julv not open Barlev Oct lower illb'z Dee lowu tOl'.A Mav '-i lower 3 Ob1.A Ink not open Oils Oet higher 1 86B Dec un dunged 1 Mav and Julv not ope n Rve Mav Oct 2'.. lower 2 85 Dec i': lower 2 80'. Julv not eipen Gram quotes Thursdav Lakehead High Low Flax Oct 1076Ji 1070 ISov 1056 1049 Dec 1032 1030 Mav Rapeseed Thunder Bav Oct Vn De< Mav Raptseed Vancouver Sept 840' 846 Jjn 829 Mar 804' Corn basis Montreal Dec 375 Mar Mav Jh Rve Oct Dec 821 825 811. 797' i09' 304 DUNLOPFORD APPOINTMENT Mr D L Dunlop President ot Dunlop Ford is pleased to an nounce the appointment of Ken Ball as Body Shop Manager as ol Sept 1 1974 Ken has 14 years of experience in the auto motive field and would like to welcome all his former customers to come m and see him for any of their Body Shop requirements KEN BALL 285 295 JK Barlcv Oct Dec Mav Jh Oats Oct Dei Mav Jh Feed Wheat Ott 413 Dec Jh 287 28T 291' 307 102 W7' 181 182 412' basis Close 1076'; 1030 1008 837 814 791 806 8i2 82P 822 801 i 372'. 37b !80 383'. 288' i 284 294 292 302 307' IBi' 184' 190 412' 411) 422 42fi Livestock Calgary Corner 16 Ave. and M.M. Drive South INTO COME KLEEN 1271 -2nd Avenue South For your cleaning needs, see the people who supply the professionals. KLEEN Limited supplies a complete line of equipment and supplies for industrial, commercial and household .use. SEE KLEEN Limited 1271 2ND AVENUE SOUTH. LETHBRIDGE TELEPHONE- 328-6073 Lethbndge Calgary Red Deer Edmonton Vernon Dawson Creek Grande Prairie The Herald Business Prices for petroleum products may increase Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Afton Mines 3 50 Albany Oil 19 Alta East Gas 3 60 Alrnmex 4 30 Asamera 7 87 Ashland Oil 6 BP Canada 1250 Brenda Mines 4 35 Cda Southern 2 15 Cdn Export Gas 2 15 Cdn Homestead 2 80 Cdn Ind Gas 525 Cdn Long Island 18 Cdn Superior 3300 Chieftan Dev 4 50 Dome Pete 21 25 Dynasty 7 Nu Ft Reliance 13 Giant Mascot 70 Gibraltar Mines 5 Granisle 900 Grt Plains 39 75 Grt Cdn Oil 575 Lochiel Explor 1 01 Lytton Minerals 1 10 North Cdn Oil 3 10 Numac Oil 9 37 PanCdn Pete 8 50 Pan Ocean Petrol 1 20 Pinnacle 24Vi Place Gas 25 Ponder 46 Ranger Oil 1650 Scurry Ram 19 Seibens 7 87'A Spooner 24 Total Pete 5 50 Ulster Pete 71 United Canso 1000 West Pete 2 35 West Decalta 4 00 MISCELLANEOUS INDUSTRIALS Acres L'd 6 00 Aquitame 19 12'2 BC Sugar C Pfd 1250 Block Bros 275 Canbra Foods 2 60 Cdn Pac Inv A Pfd 24 50 Cdn Pac Inv 1262 i Carlmg A Ptd 1700 Carlmg B Pfd 2000 Commerce Capital 1 60 Crest Forest 3 00 Crowsnest Indus 1300 Falcon Copper 8 25 F S M Trust 3 10 Genstar 1575 Home Oil A 2600 Home Oil B 23 00 Hud Bay Co 13 25 Hud Bay Oil 2300 Hud Bay A Pfd 4000 Hugh Russell C Pfd 5700 Husky Oil 1350 Husky Oil B Pfd 3200 Husky Oil E War 5 12 Inter Pipe War 1 75 Inter S P 1250 Kaiser Res 3 25 Kaiser Res War 1 40 Loblaw C Pfd 2200 Magnasonics 1 60 Pacific Pe'e 1750 Pac West Airlines PeBen Oilfield Rainer Inc Royal Trust Teledyne Trirnac Westfield Mm Weston A Pfd Whitepass Yukon 1337V? 300 250 1775 385 340 61 460Q 650 WASHINGTON (AP) -The prices that consumers in the United States pay for petroleum products may have to be forced up as part of Pro- ject Independence, a treasury department official says Jack Bennett, un- dersecretary for monetary funds, said Thursday that the government may have to act on prices as a move to cut de- mand and encourage develop- PIPELINE STOCKS Alta Gas A 1000 Alta Gas Pfd 54 00 Alta Nat Gas 1725 Gaz Metro 5 25 Inland Nat Gas 1050 N C Gas 9 N C B Pfd 1800 Pac Gas Trans 8 00 Tr Cda Pipe 8 37V4 Tr Cda A Pfd 45 75 Tr Cda B Pfd 27 25 Tr-Cda Pipe War 75 West Trans 1700 West Trans War 1 25 CALGARY Acroll 26 Barons Oil 06 N Continental 02 Western Warner 25 VANCOUVER MINES Bathurst Norsemmes 75 Dankoe 2 30 Davenport 33 Lornex 5 65 Northair Mines 1 34 Pn-ner Pyramid 06 Silver Standard 1 07 Valley Copper 5 50 INDUSTRIALS Key Industries 06 Wardair 1 50 OILS August Petroleum 20' 2 Plains Pete 12 Stampede Int I Res 52 MUTUAL FUNDS All Cdn Compound 4 87 5 29 All Cdn Dividend 508 552 All Cdn Ventures 238 259 Amer Growth Fund 3 50 3 85 A G F Special 1 76 Cdn Invest Fund 3 85 4 23 Eaton Comnwlth 11 22 Eaton Leverage 2 57 Eaton Int I Venture 4 61 Corp Investors 4 96 5 45 Corp Invest Stock Fund 3 67 4 03 Dreyfus Fund US 7 72 8 46 Great Pacific 377 4 12 Grouped In Shares 2 48 Growth Equity 5 08 5 58 Invest Growth Fund 964 1053 Investors Mutual 4 60 5 03 Mutual Accum 5 06 5 56 Nat Resources 3 66 4 02 N W Cdn 4 25 4 67 N W Growth 3 38 3 71 Principal Growth 3 25 3 57 Provident Mutual 5 94 6 89 Royfund 5 00 5 21 Templeton Growth 646 707 United Accurn 356 391 Universal Savings 6 68 7 35 Univest 532 5 84 Vanguard 393 431 Toronto mines, industrials (Supplied by Richardson Securities ot Canada! U i( I'l I ight opts it tht dlgjrv livestock maiket totjllttl jbout bill he id irl mj. steers lacking in qu .litv Ti jde modtriuh ddivi Ihtre were msul iKunt VI ind Ublish prices Then were no good ims on otft r ind id< s steulv us IH If. 20 uittle mostlv sUirs ind heifers in flu lighter weight uingt. selling stt Ini the qualm on ottei Tht n insutlicient slot k unvs on olttr to ost ihlish a market feeder sti ers ou r 7iO pounds h 4i under 7iO pounds iO W dood leidt r hukrs mei 500 pounds 2 Mi Hogs to 11 am putt 51 81 Treasury bills OTTAW (CPl New 91 treasun hills issued Thursddv S2'iO million at