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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 4, 1974, Lethbridge, Alberta 18-THE LETMBRIDQI HERALD WwiiMtctay, 4, Supermarkets may freeze prices on some groceries TORONTO (CP) There are no indications that Cana- dian supermarkets will follow the lead of two United States chains in freezing prices on some grocery items. Great Atlantic and Pacific Co. of Canada Ltd. (A and which has 170 stores in On- tario and Quebec, plans a press conference Wednesday to announce "a change of pace" to help consumers fight inflation. A and P in the United States and Kroger Co. announced plans Friday to freeze prices on about 10 per cent of their products for one to two months. A and P intends to freeze prices on about private-label brand items, including bread, cheese, coffee, pasta products, tuna, canned fruits and vegetables and frozen foods until at least Jan. 1. A and P also plans to start Gov't to assist auto industry PARIS (AP) The French government announced loans of nearly million today to reorganize the automobile in- dustry and prevent the bank- ruptcy of Citroen, a firm noted for advanced engineer- ing and ineffective sales policies. Citroen, France's third- ranked auto manufacturer, was given a loan of more than million to pay off its debts. Then, it is to be taken over by Peugeot, the second- biggest producer. Both Citroen and Peugeot brand- names are to be maintained. The rest of the reorganiza- tion calls for Saviem trucks, owned by the nationalized Renault company, to buy out the Berliet truck company Renault will receive a govern- ment loan of more than million to make the purchase. The Citroen-Peugeot merger brings together com- panies that produced automobiles last year and have employees. The combined operation will be on the same level as Renault, France's No. 1 producer, which plans to turn out 1.4 million vehicles in 1974 with employees. The reorganization comes in a time of crisis for the French auto industry, with sales fall- ing and reductions being made in the number of workers. Sales dropped 23 per cent for private cars in October and 27 per cent for trucks, with an even bigger drop in November. an "Early Warning System" in U.S. stores by posting a weekly list of increases on all items seven days before prices are changed. Edward Mossop, director of sales for A and P in Canada, said in an interview Monday that no similar moves are planned here. But Ida Burns, A and P's consumer consultant, said there is going to be a change of pace. "Things like better service to the customer and some of them are fairly drastic steps for she said. While no comment was available from Dominion Stores, Canada's largest supermarket chain, James Gregory, vice-president of grocery merchandising for Loblaw Ltd., said Canada's second largest supermarket chain is not planning to copy the A and moves, terming them "just another gimmick." Most of the items affected by the price freeze are house which the supermarket sells under its own name, while most people buy national name brands. Norman Knevel, vice-presi- dent and Toronto divisional manager for Canada Safeway Ltd., the country's third- largest supermarket chain, said the U.S. scheme to an- nounce future price changes "would be impossible the way price changes are and more costly in the long run. Have a weekend away -ourway At Calgary's Four Seasons Hotel Got a good reason to get away7 An anniversary' A second honeymoon' Or just a need to be by yojrselves9 Come let us spoil you Take advantage of our special weekend for two plan It includes Limousine service to and from the airport it you arrive by Deluxe accommodation lor Friday or Saturday night. Your room includes color cable TV, air-conditioning, individual heat controls, and luxurious furnishings. A gourmet dinner for two in the elegant Trader's Dining Lounge or the intimate Wheatsheaf. Sunday brunch in the Wheatsheaf or perhaps breakfast In bed Complimentary elevator passes to the Calgary Tower's observation deck, lounge and revolving restaurant. In House Movie Pamper yourself some more there's an indoor swimming pool, and a soothing and restful whirlpool bath There's room service around the clock. Pleasant shops to browse through Give yourself a weekend to yourselves You earned it and we'll take great care of your Come and see. per person based on double occupancy (Friday or Saturday night) Extra night per person Single occupancy add For more information and reservations call Rxir Seasons Hotel Calgary 266-7331 Gold price continues to plunge LONDON price of gold dropped an ounce in early trading in London today and even more in Zurich m continued uncertainty over the effect of next month's bullion sales by the U.S. government. The U.S. dollar eased slightly in Paris, Frankfurt and Zurich but was stable in Lon- don. Bullion dealers in London and Zurich, the world's two biggest trading centres, said there was no panic sale of gold. Prices were marked down steadily because lack of buyers in the wake of Tuesday's Washington announcement that two million ounces of reserve gold stocks will be sold at public auction Jan. 6, less than a week after Americans will be permitted to own the metal legally for the first time in 41 years. Gold closed officially in London at an ounce Tuesday. itoblaws MR. BUSINESS MAN! THE COMPLETE ANSWER THIS YEAR GIVE A LOBLAWS CHRISTMAS GIFT CERTIFICATE The Idea! Gin For Employees Business Associates Persona! Friends AVAILABLE IN DENOMINATIONS OF CERTIFICATES ALSO AVAILABLE FOR HIGHEST QUALITY GRADE For Further Information Contact: LOBLAWS COLLEGE MALL 20th Ave. Mayor Magraih Drive Lethbridge The Herald Business Stock prices mixed in light trade Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS AND MINES Afton Mines 2.50 Albany Oil -21 Alta East Gas 3.55 Alminex 4.10 Asamera Ashland Oil 5-00 BP Canada 8.50 Brenda Mines 3.25 Cda South 1.78 Cdn Ex Gas 1.60 Cdn Homestead 2.30 Cdn Ind Gas Oil 4.60 Cdn Long Is .08V4 Cdn Super 25.00 Chlsftan 4.05 Dome Pete 16.12V4 Dynasty 6.75 Nufort Res .12 Giant Mascot .40 Gibraltar Mines 4.90 Granisle 11-25 Gt Cdn Oil S f .25 Lochiel Ex .85 Lytton Min 1.00 North Cdn Oil 2.85 Numac Oil 9-25 Pancdn Pete 7.25 Pan Ocean 6.25 Petrol 1.10 Paloma -70 Place Gas .17 Ponder -47 Ranger Oil 16.75 Scurry Rain 14.00 Seibens 5.00 Spooner ,15Vi Total 4.20 Ulster Pete -44 United Canso Westcoast Pete 2.50 West Decalta 2.90 MISCELLANEOUS INDUSTRIALS Acres Ltd Aquitame 13.25 BC Sugar CPfd 11-50 Block Bros 3.50 Canbra Foods 2.50 Cdn Pac Inv A Pfd 24.50 Cdn Pacific Inv 12.12V4 Carlmg O'Keefe A Pfd 16.37% Carlmg O'Keefe B Pfd 20.00 Comm Cap Corp 1.50 Crestbrook Ind 2.50 Crowsnest Ind 16.00 Falcon Copper 6 62Vi F M Trust Co 4.05 Genstar 14.75 Home Oil A Home Oil B 14.25 Hud Bay Co 11.00 Hud Bay Oil 17.72V4 Hud Bay Oil A Pfd 27.50 Hugh Russell 48.00 Husky Oil 12.12Vi Husky Oil B Pfd 31.00 Husky Oil E War 3.60 Interprov War 1.40 Interprov Steel 11.37% Kaiser Res 4.05 Kaiser Res War 1.70 Loblaw Co C Pfd 22.00 Magnasonics 1.20 Pacific Pete 13.50 MINES Acme -06 Advocate Asb. 1-06 Akaitcho 1.45 Bralorne 1.32 Broulan .28 Bethlehem 9.00 Bovis -90 Brunswick 3 80 Can NWLand 2.35 Canada Tung. 2.50 Cassiar 2.60 Central Pat. .65 Chimo .75 Conwest 2.00 Cons Rambler 1.80 Coin Lake .14 Cochenour 1.00 Craigmont 3.55 Dickenson Mines 7.37V4 Denison Mines 36.75 D'Eldona .22 Dome Mines 45.75 Discovery Mines 1.72 East Malartic 34.00 East Sullivan 1.70 Falconbridge 24.00 Frobex .10 First Mantimes .35 Giant Y K Granduc 1.20 Holimger A 23.00 Hudson Bay A 13.00 Hydra Ex. .45 Iron Bay 4.10 Iso .64 Joliet Quebec .17 Kerr Addison 8.87V4 Key Anacon .16V4 Labrador 24.00 Lake Shore 3.75 Langis Silver .09 Madsen R L. .45 Malartic G.F. 1.07 Martin McNeely -24'.a Maclntyre 32.50 Meta .09 Midnm 11 Intern Mogul 1-95 NuWest Homes 4.75 New Athona .16 New Calumet .14 Noranda 27.00 Northgate 2.50 Norlex .16 Pine Point 24.75 Placer Dev. 14.75 Pax Exp. .80 Quebec Man .15 Rayrock .80 Radiore .16 Rio Algom 20.00 Roman Corp 9.00 Sherntt Gordon 4.70 Steep Rock .98 Sunnmgdale 3.15 Tek Corp A 2.12 Texmont .15 United Canso 6.75 Western Mines 2.06 WH Copper Mines 1.70 Wright Hargreaves 1.25 Willroy 1 40 Windfall .11 Yellowknife Sear 1.70 Zenmac 05 INDUSTRIALS 10 00 Alcan" 1962V4 Algoma Steel 23.00 Atco Ind 11.00 Agra Ind 4.50 Bell Tel 43 50 Brascan A BC Tel 46.75 Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carling O'Keefe Chemcell Cofon Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Commco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Greyhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A Imasca A Int Nickel Int Pipe Inv Grp A IU Inn IAC Ltd Jannock Kaps Kel Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Peyto Power Corp Price Co Rothmans Shell CDA Simpsons Simp Sears Steel Can A Selkirk A Texaco Trad Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg Westeel Woodwards A Can Imperial Montreal NOva Scotia Royal Tor Dom BANKS Pe-Ben Oilfield Serv Royal Trust Sandwell Teledyne Traders Grp Pfd Trimac Westfleld Min Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gas 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 War WC Trans WC Trans War CALGARY Acroll Barons Oil N. Continental Western Warner VANCOUVER MINES Bathurst Norsemmes Cima Resources Dankoe Davenport Lornex Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS August Petroleum Plains Pete Stampede Int'l Res MUTUAL FUNDS All Cdn Compound All Cdn Dividend All Cdn Ventures Amer Growth Fund A.G.F. Special Cdn Invest Fund Eaton Commonwealth Eaton Leverage Eaton Int'l Venture Corp Investors Corp Invest Stock Fund Grouped in Shares Growth Equity Invest Growth Fund Investors Mutual Mutual Accumulating Nat. Resources N.W. Cdn. N.W. Growth Principal Growth Royfund Templeton Growth United Accumulative Universal Savings Vanguard 20.62V4 4.00 4.10 10.00 3.50 .45 45.50 6.00 9.25 54.00 15.50 4.90 49.SO 7.75 7.62% 17.50 9.00 49.75 28.00 .55 1.75 .24 .04 .01 .15% .84 .35 2.10 .60 4.05 1.70 .08 .05 .35 4.CO .06 1.20 .13 .08 .53 4.76 4.85 2.03 3.55 1.77 3.60 10.92 2.43 4.15 4.73 2.35 4.53 8.95 4.35 4.76 3.31 3.89 3.32 3.05 5.04 6.15 3.37 6.09 3.73 Toronto mines, industrials (Supplied by Richardson Securities of Canada) 6.25 11.50 19.50 6.75 19.25 2.50 3.85 2.00 3.60 1 55 S 15.25 2.85 11.50 7.37% 13.12% 23.00 24.00 13.75 31.00 21.00 15.1214 16.25 20.25 1.40 5.25 29.00 1725 20.25 11.75 4.00 35.25 25.1 2V4 10.25 5.62% 9.00 17.75 1.25 4.30 6.75 2.25 4.SO 10.75 23.00 13.75 12.50 6.50 7.50 2.50 8.50 12.37% 9.25 10.50 6.50 9.00 23.00 10.75 24.25 11.00 8.87% 9.00 15.50 7.25 7.75 2.25 5.12% 17.50 New York (Supplied by Richardson Securities of T T Woolworth 9.25 Anaconda 14.62V, Wsstinghouse Elec 8.75 Beth Steel U.S Steel 37.50 Chrysler 7.50 Gen Tel Elec 17.00 Dupont 88.00 TORONTO AVERAGES General Motors 20 Industrials 153.14 up .28 16 75 20 Golds 377.97 up 10.80 Int. Harvester 10 Base Metals 58.53 down .16 Kenn Copper 15 Western 113.69 up .80 Montgomery Ward 14 Volume Sears 4700 NEW YORK AVERAGES Exxon 61 '75 Industrials 598.32 up 1.72 Texas Gulf 27 20 Rails 143.60 up .03 Texas Co 15 Utilities 66.39 up .28 Wix Corporation 65 195'37 UP -46 volume Gold shares gain on TSE TORONTO (CP) Prices on the Toronto stock market were mixed in light mid- morning trading Wednesday. Gold shares recorded modest gains following sharp declines Tuesday. The gold index was up 4.13 to 371.21. The index had lost 40 points the previous day in re- sponse to news that the United States would begin selling gold next month. The industrial index, wide- lybased indicator of market trend, rose .46 to 153.32 and western oils .94 to 114.03. The base metal index fell .43 to 58.26. Among golds, Campbell Red Lake was up to Dick- enson V4 to Camflo Vt to 912V4, Pamour Vt to and Dome Mines V4 to Imperial Oil A rose to BP Canada to Slater Walker Canada 25 cents to and Bell Canada to Vz. Huron and Erie fell V4 to Winnipeg grain WINNIPEG (CP) Activity con- tinued light through mid session Wednesday on the Winnipeg Commodi- ty Exchange, with prices generally lit- tle changed from Tuesday's close. Rapeseed dropped about seven cents a bushel in the Vancouver Thunder Bay rape saw extremely light action. Mid session prices: Thunder Bay rapeseed: Dec. un- changed 8.37A; May one lower 8.59A; July and Oct. not open. Vancouver rapeseed: Jan. 7Vi lower 8.75A; May seven lower 6.64A; June 7% lower Sept. seven lower 8.28A. Flax: Dec. six lower 10.60A; May four lower 10.70A; July unchanged 10.48A, Oct. not open. Feed wheat: Dec. one lower 3.90B: May unchanged 3.80V4B; July and Oct. not open. Corn: Dec. one lower 3.90A, Mar. one lower 4.07A; May one lower 4.13V4A; July one lower 3.86A. Barley: Dec. May higher 3.MV4B; July not open. Oats: Dec. higher 1.94KB; May Vt higher 1.90A; July not open. Key. Dec. unchanged 2.99B; May higher 3 July higher Grain quotes Tuesday basis Lakehead' High Low Close Flax Dec 1066 1031 1066 May 1074 1041 1074 Jly 1048 1030 1048 Oct 1020 Rapeseed Thunder Bay Dec 840 837 837 May 860 Jly 832 Oct 820 Rapeseed Vancouver Jan 891 866 882 Va Mar 877% 849 871 Jun 865 834% 857 Sept 835 Rye Dec 301 258 299 May 318 309% 316 Jly 312 Barley Dec 297% 295% 297 May 305% 303V4 303% Jly 301% Oats Dec 195 194V4 194% May 1S1 188V4 189% Jly 184 Cora basis Montreal Dec 391 Mar 408 404 408 May 414V4 409 414V4 Jly 387 Feed Wheat Dec 392 391 391 May 381 380 380% Jly 383V4 Oct 383% 929, Texaco Canada Vi to 924, Trans Mountain to 98ft, Intermetco 25 cents to 93.50 and Royal Bank to 926. Chieftain Development tost 17.62% 19.37% 11.75 33 62% 26.00 31.50 45 cents to 94 and Canada Geothermal nine cents to 25 cents. Ranger gained 1 to 915% and Canadian Export five cents to 91.60. Market trends VANCOUVER (CP) Prices were down in moderate trading on the Van- couver Stock Exchange Wednesday. In the industrials, Canadian Javelin was unchanged at IS. In the mines, Grandora was down .02 at .55. In the oils, Seneca Developments was down .01 at .83. On the curb exchange Bev Cal was unchanged at .04. Prices were mixed Tuesday in moderate trading. Total volume was shares. In the industrials, Canadian Javelin was down .50 at Newmark unchang- ed at .48; lonarc down .06 at .25; War- dair up .05 at Sun A unchanged at and Block Bros, unchanged at In the mines, Pandora was down .04 at .57; Colby mines up .48 at Skaist down .08 at .27; Sonesta down .06 at .26; Green Eagle up .01 at .24 and Canwex up .05 at .22. In the oils, Seneca Development was up .14 at .84; Copex Mining up .01 Vi at Payette up .01% at Princess unchanged at .14; Pan Ocean down .25 at and Bison Petroleum down .05 at On the curb exchange Tapin up .40 at Host Ventures down .04 at .32; Abaca Resources was up .01% at Trevlac up .02 at 67; Decade down 05 at .28 and Cedar City down .04 at .40. MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange Banks dropped 8.07 to 19S.88, the composite .37 to 150.67, papers .08 to 103.88 and utilities .07 to 117.76. In- dustrials rose 58 to 152.94. Falconbridge Nickel fell 2% to Consumers Gas to and Chrysler to Imperial Oil A rose to International Nickel A to and Price Vi to Among speculative issues, Silver Stack Mines rose 11 cents to 90 cents after trading bo.OOO shares. NEW YORK (AP) Stock prices rebounded Wednesday after two sessions of losses, but the gai.i was slight and uneven in light trading The noon Dow Jones average of 30 blue-chip industrials was up 1.72, but because of sharp losses Monday and Tuesday the widely watched indicator was still lodged below the 600 mark at 598.33. Advances held on to a to 4 lead over declines on the New York Stock Exchange as trading slowed from the previous session. Westinghouse was the NYSE volume leader, down to Trading includ- ed a block of shares at At the American Stock Exchange, the market-value index was off .05 to 61.S4 at noon. Gold issues, which dropped sharply Tuesday after Treasury Secretary William E. Simon said the U.S. govern- ment would sell some of its gold reserves, were higher today, and among the most-active stocks. Among Canadian issues on the NYSE, Campbell Red Lake was up to Canadian Pacific to and Alcan ft to Seagrams was down Vi to Dome Mines was unchanged at as was International Nickel at Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Wednesday from the Calgary public stockyards totalled head, mostly slaughter cattle. Trade was ac- tive on steers and cows. Slaughter steers sold steady. Good cows were 50 cents higher, other grades steady. Heifer trade was slow and sold 50 cents lower. A few bulls sold at strong prices. Steers, Al, A2: 48.50-49.90. A3: 47- 48.50. Heifers, Al, A2: 41-42.25. A3: 38- 41. Cows, Dl, D2- 1750-1925 D3- 16- 17. D4: 13-16. Bulls, good: 16-18.50. Replacement cattle were scarce. A few feeder steers 750 pounds or more sold at A few stock steer calves sold at Butcher calves- 27-29 No hogs were sold to 11 a.m. WATKINSON, HANHART. DUDA DORCHAK Chartered Accountants 511 5th Street South Telephone 328-1741 LETHBRIDGE, ALBERTA announce the admission to partnership of Chicago markets CHICAGO (AP) There were sharp contrasts in prices of commodity futures traded on major United States exchange Tuesday Soybean futures and oats, closed with limit gains. In soybeans it was 20 cents a bushel, and in oats six cents. Soy oil was down the limit but recovered to close sharply higher along with meal. Wheat, corn and iced broilers also gained in the closing rally After limit losses Monday, pork bellies opened with a limit 150 points, or 1% cents a pound decline and finish- ed with a gain of as much. Hog futures came off a loss to close at the limit of 50 higher, and live cattle closed with a gain of almost per hundredweight. Shell eggs gained near- ly the 200 point limit, or two cents a dozen. World su0ir futures fell the limit of two cents a pound again, marking a decline of 12 cents in seven trading sessions. The selloff followed an an- nouncement that some major U.S. sugar refiners would cut prices. At the close, soybeans were up the limit of 20 cents a bushel, Jan 7 82Vi; Chicago wheat was six to 11 higher, Dec. 4.89; Gulf wheat was not traded; corn was two to eight higher, Dec 3.70'A; and oats were 3% to six higher. Dec. Grain quotations Tuesday: Wheat- Dec 4.89; Mar 5.09; May 5.11'A, July 4.76, Sept 4.82; Dec. 4.91. Corn- Dec 3.70'A; Mar May 4 3 Sent 3 Mar 332.'' Oats: Dec Mar May 1.86; July Sept Dec 1.82% Hog prices EDMONTON (CF) Prices to 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board. Tuesday's prices in brackets: Edmonton: S2.40 Calgary: 5235 (5263) Lethbridge: Nil Fort Macleod: Nil Hogs sold to 11 a.m Hogs sold Tuesday Average 52.32. Sows average 29.65. Peed prices WINNIPEG (CP) Wheat Board domestic feed grain prices Tuesday: 3 CW red spring wheat 3.92; No. 1 feed barley No. 1 feed oats Vow own personal Hicountontl 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 is 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 fur Cufiiifiuifiy CdiCuiatiOnS tnc KIMU Gi think" extra that has made Sharp's history a history of firsts first 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 its first electronic calculator Think Sharp. The Qualitronics Company LOOKER OFFICE EQUIPMENT (1972) LTD. 250-13StmtN. Phont 328-6313 ;