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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 2, 1974, Lethbridge, Alberta Mondlr, MctmMr 2, 1174 THI LBTHMIIDOE MEP1LD The Herald Business Stocks Miscellaneous Vancouver, Calgary ,_Montreal Midland Doherty Limited WESTERN Oilfield AND Afton Albany Oil Alta East Traders Qrp 9.7S Ashland A BP Canada Brenda Mines Cda 3.40 Yukon PIPELINE STOCKS Alta Gas Trk 9.00 Cdn Ex Gas Trk Cdn Nat Cdn Ind Gas Oil Cdn Long Is Cdn Super Chieftan Dev Dome Pete Dynasty Nulort Resources Giant Mascot Gibraltar Mines .10 27.00 4.50 17.00 6.75 .13% .46V4 4.90 Metro Gaz Metro A Pfd Inland Nat Gas N C Gas N C Gas B Pfd Trans-Cda Pipe Trans-Cda A Pfd Trans-Cda B Pfd Trans-Cda Pipe War WC 49.50 7.75 8.00 18.00 9.25 50.12% 29.00 .66 18.75 Gt Cdn Oil Trans Lochiel Ex Lytton North Cdn Numac Oil Pan cdn Pan Place Ranger Scurry Rain Total Ulster United Westcoast West Acres BC Sugar C Block Int'l Res Canbra Cdn Pac Inv A Cdn Cdn Pacific Cdn Carling O'Keefe A Cdn Carlmg O'Keefe B Growth Cotnm Cap Crestbrook Invest Crowsnest Falcon F M Trust Int'l Home Oil Invest Stock Home Oil Fund Hud Bay In Hud Bay Hud Bay Oil A Growth Hugh Husky Husky Oil B Husky Oil E Interprov Pipe War Interprov Steel Pipe Kaiser 11.62% Growth Principal Growth 3.06 5.04 Kaiser Res Loblaw Co C Pfd Magnasomcs Pacific 1.40 Accum Universal Savings 6.30 3.84 Toronto mines, industrials (Supplied by Richardson Securities ol Canada) Forest Advocate Sugar Valley Ind Ind Power Foods Cellulose Can. NW O'Keefe Canada Credit Central Gas Pfd Ind Con Marconi Cons. Vickers Coin Dickenson Bathurst Denison Gas Seagrams Dome Bridge Discovery East Textile East Stores Pete First Mobile Giant Cdn Oil Motors Hollinger Lakes Paper Hudson Bay Oil Hydra Iron Sid Walker A Joliet Erie Kerr Oil A Key A Nickel Lake Pipe Langis Grp A Madsen Int'l Malartic Ltd Martin Douglas A Intern NuWest A New New Ferg Bloed Corp A Pine B Placer Pax Cent Quebec Corp Co Rio Roman CDA Sherritt Steep Sears Can A Tek Corp. A United Grp A Western Mtn Pipe WH Copper Can Pipe Wright Hargreaves Carbide Union Gas Windfall Oil Yellowknife Siscoe Mfg A Algoma Steel Atco Can imperial Agra Bell Scotia Brascan Dorn Market prices mixed in light TSE trade Dinner time on turkey farm Seven hundred White Holland turkeys head toward the camera as they prepare for one of their last meals. Alt Thygesen, who has been a turkey farmer in this up- state New York community since 1933, says that obtaining help for the several weeks of the slaughter has made him slowly decrease his turkey business and start dairy farming. Farm group admits defeat in orderly marketing goal TORONTO (CP) Prices were mixed on the Toronto stock market in light mid- morning trading Monday. The industrial index, wide- lybased indicator of the market trend, was off .15 to 156.03. Golds rose 7.84 to 419.01, base metals .13 to 60.75 and western oils .01 to 119.16. Volume by lla.m. was 000 shares, up from at MONTREAL (CP) Prices were generally higher in light trading on the Montreal Stock Exchange Monday. Volume at a.m. was shares, compared with shares at the same time Friday. The industrial index rose .20 to 156.03, utilities .17 to 119.02 and the composite .06 to 154.04. Banks fell 1.23 to 205.84 and papers .02 to 106.24. Walker-Gooderham and Worts A rose 1 to Moore Vz to Zeller's Ltd. to and Sony Corp. 'A to Canadian Imperial Bank fell V4 to Royal Bank V4 to and Royal Trust A Vi to Among speculative issues, Silver the same time Friday. Declines outnumbered ad- vances 109 to 75 with 130 issues unchanged. Mercantile Bank fell 2 to Bank of Nova Scotia to Corby A to Pacific Pete to and Royal Bank to Markborough Properties rose 1 to Gooderham A to Market trends volume of shares traded Stack Mines rose 10 cents to on a VANCOUVER (CP) Prices were down in moderate trading on the Van- couver Stock Exchange Monday. Early volume was shares. In the industrials, Mercura was un- changed at .05 on shares. In the mines, Skaist was up .12 at .40 on 160.- 000 shares. In the oils, Cop-Ex was un- changed at .12 on 10.000 shares. Volume on the curb exchange was shares. Tapin was down .90 at on shares. NEW YORK (AP) The stock market seemed to grow uneasy over Slater Walker Canada 50 cents to and Bow Valley to Livestock WINNIPEG (CP) The National Farmers Union opens its tilth annual conven- tion today acknowledging that its efforts to achieve the goal of orderly marketing and collective bargaining for farmers has temporarily suf- fered a severe defeat. i Following last month's country-wide demonstrations in support of higher prices for livestock producers, the almost 600 delegates representing about farm units from all provinces except Quebec and New- foundland, will discuss the theme The Politics of Food. Roy Atkinson of Saskatoon, who is expected to seek his sixth term as union president, said that in the beginning it was the farmers' struggle against monopolies and the weather. "Today, it- is all of these things and more, for multi-na- tional corporations have made their appearance and are ad- vancing, consuming everything in their way." Mr. Atkinson, in his report to be presented today, says some progress has been made, although it has been slow. Legislation established agencies to regulate or to market farm products, to set quality standards, to set freight rates and protect the farmers' basic interests. But, 1974 may be recorded as the "bench-mark year" when, after grain, cattle, potato and other food producers had achieved their 8.62% 11.62% 19.50 11.75 10.00 6.87% 19.12% 2.50 3.95 2.01 3.80 1.55 8.37% 16.25 2.95 11 50 7.62% 13.62% 22.75 25.00 13.62% 32.25 16.75 21.50 7.00 14.87% 17.00 21.12% 1.60 5.25 29.62% 17.50 20.12% 11.75 4.00 35.50 24.50 21.50 22.50 20.75 10.25 6.00 9.25 17.75 5.12% 1.45 4.40 6.00 2.20 5.25 10.75 13.00 23.50 39.25 14.00 12.75 6.87% 8.00 2.55 8.75 12.25 9.50 10.62% 6.62% 9.00 23.62% 10.75 24.37% 11.37% 9.12V4 9.00 15.50 7.25 8.00 2.45 5.00 17.50 18.75 17.37% 20.50 11.75 34.00 26.25 32.12% New York (Supplied by Richardson Securities of Canada) Amr. T T 42.62% Woolworth 9.87% Anaconda 15.37% Westinghouse Else 8.87% Beth Steel 26.25 U.S. Steel 38.50 Chrysler 7.75 Gen Tel Elec 17.12% Comsat 29.62% TORONTO AVERAGES Dupont 89.25 20 Industrials 156.36 up .18 General Motors 30.25 20 Golds 416.54 up 5.37 Gulf 17.00 10 Base Metals 60.53 down .09 Int. Harvester 20.62% 15 Western Oils 117.97 down 1.18 Kenn Copper 37.12% Volume Montgomery Ward 15.62% NEW YORK AVERAGES Sears 46.75 20 Industrials 608.57 down 10.72 Exxon 62.12% 20 Rails 147.36 up .19 Texas Gulf 27.75 15 Utilities 66.94 down .34 Texas Co 21.12% 65 Stocks 198.93 down 2.08 Wix Corporation 9 00 Volume Wheat subsidies payments total over million OTTAWA (CP) Payments of more than million have been made under the two-price wheat program, the government announced today. The Canadian wheat board received million and the Ontario wheat producers' marketing board million as payment for the program in the 1973-74 crop year. Under the two-price system, the government sub- sidizes the price of wheat used domestically for human con- sumption, to a maximum of a bushel. Under the program, millers pay the fix- ed rate of a bushel for Countries in CM to hold meet BRUSSELS (AP) West German Chancellor Helmut Schmidt and Belgian Premier Leo Tindemans said Sunday they agreed a summit of the nine Common Market countries must be held but they did not expect it to produce "spectacular decisions." The summit, called for by French President Valery Gis- card d'Estaing, is scheduled to be held Dec. 9-10 in Paris. "We do not want big, pom- pous resolutions but effective Schmidt said before flying back to Bonn. "The summit will not lead to spectacular decisions." Schmidt met Tindemans for two hours of private talks on his way home from a two-day visit to Britain. Busy port OTTAWA (CP) More than 22 million bushels of grain were shipped through the Port of Churchill during 1974, completing one of its best seasons on record, the transport department an- nounced today. A total of 00 vessels traded at the Hudson Bay port dealing in grain, sul- phur, fuel oil, gasoline and general cargo. wheat, regardless of world price levels. Since world prices have been above a bushel, the payments to the wheat boards represent the maximum a-bushel subsidy, the govern- ment said in a news release. The House of Commons is currently studying a bill which would fix the current two-price system by law until the middle of 1980. Farm groups have called on the government to increase the guaranteed domestic price on a yearly basis to compen- sate for rising production costs. The payments will be used by the wheat boards to make their final payments for the 1973-74 crop year, the state- ment said. highest prices and incomes, "industry and a federal government hostile to farmers moved in for the kill." He said cattle prices tumbled, the costs of baler twine increased to from in 1973, fertilizer costs increased by up to a ton and interest rates soared to 12 per cent. "This is the year the federal government, rather than strengthening the power of the Canadian wheat board, placed feed grains on the open market, allowed one of the world's largest multi-national grain companies to acquire country elevators in Mr. Atkinson said. In addition the government has announced that the 78- year-old Crowsnest rates, which provide low-cost rail transportation on grain mov- ing to export, "must and the government-appointed Food Prices Review Board called for a return to the market economy "with its speculation and price goug- ing." "The attack has been brutal and relentless, both by some .spokesmen for agri-business and some spokesmen for the federal government." The delegates will deal with 50 resolutions covering areas from transportation and women's rights to land use and entering a float in future Grey Cup parades as a publici- ty measure. Agriculture Minister Eugene Whelan will be the featured speaker Wednesday with Romeo Maione, Cana- dian Labor Congress director of international affairs, scheduled to attend Tuesday. Dr. Gordon Burton, food prices review board commis- sioner, is expected to speak to the delegates Thursday. Calgary CALGARY (CP) Receipts to 11 a.m. Monday from the Calgary public stockyards totalled 200 head, mostly cows. Trade was active There were insufficient slaughter steers or heifers sold early to establish quotations. All classes of cows sold to a good demand with prices higher. Cows, Dl. D2. 17-18.50. D3: 16-17. D4: 13-16. There were insufficient feeder steers or stock calves on offer. No hogs were sold to 11 a.m. Hog prices EDMONTON (CP) Prices to 11 a.m. Monday provided by the Alberta Hog Marketing Board. Friday prices in brackets. Edmonton: 54.55 Calgary: 5475 Red Deer. 54.55 Hogs sold to 11 a.m. 930, hogs sold Friday average 53.84. Sows average 30.60. Dividends THE CANADIAN PRESS Bank of Nova Scotia, 33 cents, Feb. 1, 1975, record Dec. 31, 1974. Bell Canada Ltd., 78 cents, Jan. 15, 1975, record Dec. ?3.20 pfd., 80 cents. Feb. 1. 1975, record Dec. 31, 1974. Canron Ltd., 30 cents, Jan. 1, 1975, record Dec. 10, 1974; per cent pfd series Jan. 15, 1975, record Dec. series, Jan. 1, 1975, record Dec. 10, 1974. Central and Nova Scotia Trust Co., 12 cents, Dec. 31, record Dec. 16. Dalmys (Canada) Ltd., class A, five cents, semi-annual, class B, 4.25 cents, semi-annual, both payable Jan. 11, 1975, record Dec. 12, 1974. Eastern Provincial Airways, five cents, Jan. 1, 1975, record Dec. 17, 1974. The Granby Mining Co. Ltd., 15 cents, U.S. funds, Dec. 20, record Dec. 10. Granisle Copper Ltd., eight cents, U.S. funds, Dec. 20, record Dec. 10. IAC Ltd., 26 cents, increase of two cents; 4% per cent pfd., 5% per cent pfd., 35.94 cents, all payable Dec. 31, record Dec. 10. Maclaren Power and Paper Co., class A, 30 cents, plus an extra of 40 cents; class B, 30 cents, plus an extra of 40 cents, class C. 25% cents, plus an extra of 34 cents; class D, 25Vz cents, plus an extra of 34 cents, all payable Dec. 27, record Dec. 6. National Grocers Ltd., pfd., 37.5 cents, Jan. record Dec. H. Paulin and Co. Ltd., class cents; class B, 10.6 cents, both payable Dec. 20, record Dec. 6. Pitts Engineering Construction Ltd., class B, 6.375 cents increase of 1.275 cents; class C, 7.5 cents, increase of 1.5 cents, both payable Feb. record Feb 5, 1975. Currencies MONTREAL (CP) Monday's mid day foreign exchange selling rates supplied by the Bank of Montreal' Bermuda dollar 1.01 Denmark kroner .1755 France franc .2185 Germany mark 4120 Italy lira .001530 Japan yen .003340 Mexico peso .0805' Nethprlands guilder .3950 Switzerland franc .3785 United States dollar .9895 United Kingdom pound 2.3200 U.S.S.R. ruble 1.3026 Quotations in Canadian funds. Auto plant to layoff workers ORILLIA, Ont. (CP) Wil- liam Pickett, president of American Motors (Canada) Ltd., said Saturday the com- pany's Brampton, Ont., plant will lay off most production workers for one week beginn- ing Dec. 9. He said the United States, which absorbs 60 per cent of the plant's production, is over- stocked and a new assessment of inventory must be Tmade. He added, however, he does not foresee any further layoffs because the plant, which em- ploys workers, is catching up with a' demand backlog built up during a seven-week strike there. Mr. Pickett, speaking at the opening of a new American Motors showroom, said the Canadian car market is slum- ping, but added it is a growing market in an affluent country where the two-and three-car family is still relatively new. DISCOVERED IN TOMB The earliest known ex- amples of tapestry-woven linen are three pieces from the tomb of Thutmose IV, the Egyptian pharaoh, and date from 1483-1411 BC. n oo. ooo Level Term Option LIFE INSURANCE (Initial Amount) (20 Year decreasing Convertible Term Insurance) ANNUAL PREMIUMS Age 20-155.00 35-228-00 Age 25-160.00 Age 40-321.00 30-167.00 Agt 45-475.00 KEN BELSHER OCCIDENTAL LIFE ofCriHornlc 43BA HOLIDAY VILLAGE 328-OM4; 328-OW4 CATTLEMEN Book your calves or yearlings with us now to grow and winter for you on our corn silage. We have modern feeding facilities and top notch per- sonnel, space available for another 450 head at present, so book early. PHONE 327-9244 HANSAL FARMS LTD. WATKINSON, HANHART, DUDA ft DORCHAK Chartered Accountants 511 5th Street South Telephone 328-1741 LETMBRIDQE, ALBERTA announce the admission to partnership of RICK G. MELVIN, B.A., C.A. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Mon- day was up 3-50 at 21-25. sterling was down 3-50 at 17-100. In New York, the Canadian dollar was down 3-50 at S1.01 17100. Pound sterling was down 15 at 32 7-20. Giant Yellowknife was up Vz to Camflo Mines to and Craigmont 25 cents to Patino lost to and Brameda Resources five cents to 25 cents. Ranger Oil Canada increas- ed to while United Canso dropped Vs to the prospects for an impending end to the coal strike Monday and declined steadily and sharply in light trading. The noon Dow Jones average of 30 industrials was down 10.09 at 608.59, while losers outdistanced gainers by more than 3 to 1 on the New York Stock Exchange. In addition to apprehension over whether striking coal miners would ratify a new contract in a vote that began today, analysts noted some dis- appointment among investors at last week's upturn in short-term interest rates. On the American Stock Exchange, the market-value index dropped .41 to The NYSE composite common-stock index lost .55 to 36.58. Among Canadian issues on the NYSE, Mclntyre was up 1 to S34V4, Hiram Walker to and Campbell Red Lake Vt to Alcan was unchanged at KOVt, Cana- dian Pacific at and Dome Mines at International Nickel fell to Winnipeg grain WINNIPEG (CP) Oilseed prices moved sharply lower in extremely light activity at mid-session Monday on the Winnipeg Commodity Ex- change. Other futures prices remained at or near Friday's close. Friday's volume of trade was 325.000 bushels of feed wheat, of oats, of barley, of corn, of rye, of flax and of rapeseed. Mid-session prices: Thunder Bay Rapeseed: Dec 11 lower 8.52A; May 11 lower 8.67A. July unchanged 8.45A; Oct. one lower 829A. Vancouver Rapeseed: Jan. 17 lower 8.89; Mar. 14 lower 8.75; June ISVz lower 8.59A; Sept.-one higher 8.42A. Flax: Dec. 11 lower 10.75: May eight lower 10.86A; July five lower 10.65A: Oct. not open Feed wheat. Dec. unchanged May unchanged 3.80V4; July Va lower 3.88V4A; Oct. not open. Corn: Dec. unchanged 3.91B; Mar two lower 4.08A; May three lower 4.16A; July two lower 3.90A. Barley: Dec. Vt lower 3.01A; May 1V> lower 3 09A; July not open. Oats: Dec. V< lower 1.94V4B; May Vz lower 1.92KB, July Vi lower Rye: Dec. 6% lower 297V4A; May 6% lower 3.12; July three lower 3 10A; Oct not open. Vouroujn personal nuountant! So easy! And convenient! Sharp's innovative CS-2051 and CS-2152 printing calculators perform complicated calculations with maximum speed and accuracy. And you hardly hear a sound! No headaches. No nervous break- downs. All you have to do is enter the problem as you would write it on paper, the answer immediately printed in clear black, or red in case of minus values with our unique ring-selecting system. Our unique input buffer system also speeds up calculations. In short, you leave the work to us; we leave you time to think. But that's not all! The new CS-2152 has a memory register for continuing calculations the kind of "deep- think" extra that has made Sharp's history a history of firsts in quality, first in technology. From the world's leading manufacturer of electronic calculators. Creating firsts is second-nature to the company, that gave Canada ils first electronic calculator Think Sharp. The Qualitronics Company LOOKER OFFICE EQUIPMENT (1972) LTD. Phom 328-6313 ;