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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 6, 1974, Lethbridge, Alberta Friday, December 8, 1974 THE LETHBRIDQE HERALD 25 The Herald Business Moderate TSE trade Stocks Miscellaneous Vancouver, Calgary Montreal Midland Doherty limited WESTERN OILS AND MINES Alton Mines 2.30 Albany Oil .21 Alta East Gas 3.85 Almlnex 4.05 Asamera 7.00 Ashland ON 5.50 BP Canada 8.25 Brenda Mines 2.90 Cda Southern 1.71 Cdn Export Gas 1.55 Cdn Homestead 2.10 Cdn Ind Gas 4.85 Chieftan Dev 4.00 Dome Pete Dynasty Nufort Resources .08 Giant Mascot .45 Gibraltar Mines 4.90 Granisle 11.12V4 Grt Cdn Oil 5.25 Lochiel Explor .88 Lytton Minerals 1.00 North Cdn Oil 2.20 Numac Oil 9.12Vs PanCdn Pete 7.50 Pan Ocean 5.75 Petrol 1.10 Palorna .70 Place Gas .16 Ponder .47 Ranger Oil 14.75 Scurry Rain Seibens 5.00 Soooner Total Pete 3.75 Ulster Pete .50 United Canso 6.00 Westcoast Pete 2.50 West Decalts 2.75 MISCELLANEOUS INDUSTRIALS Acres Ltd 5.50 Aquitame 1375 6C Sugar C Pfd 11.50 Block Bros 3.50 Canbra Foods 2.45 Cdn Pac A Pfd 23.25 Cdn Pac Inv 11.87V4 Carling A Pfd 1575 Carlmg B Pfd 19.50 Com Capital 1.50 Crestbrook Forest 2.25 Crowsnest Indus 16.00 Falcon Copper 6.75 F M Trust 4.05 Genstar Home Oil A 15.50 Home Oil B 14.50 Hud Bay Co 10.50 Hud Bay Oil 17.00 Hud Bay A Pfd 27.50 Hugh Russell C Pfd 48.00 Husky Oil 11-25 Husky Oil B Pfd 31.00 Husky Oil E War 3.55 Inter Pipe War 1.71 Inter S S P 11.00 Kaiser Res 4.00 Kaiser Res War 1.71 Loblaw C Pfd 21.62Vz Magnasonics 1.20 Pac Pete 13.37% Pe-Ben Oilfield 2.60 Royal Trust 20 50 Sandwell Teledyne Traders Grp Pfd Trimac Westfield Minerals Weston A Pfd Whitepass Yukon PIPELINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Gaz Metro Gas Metro A Pfd Inland Nat Gas N C Gas N C B Pfd Tr-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda B Pfd Tr-Cda Pipe War West Trans West Trans War 4.00 4.10 9.SO 3.50 .45 45.50 6.00 54.00 15.00 4.90 49.25 7.75 7.75 17.25 9.25 50.25 28.00 .58 18.00 1.70 CALGARY Acroll Barons Oil N. Continental Western Warner VANCOUVER MINES Bathurst Norsemines Cima Resources Dankoe Davenport Lornex Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS August Petroleum Plains Petej 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 Dreyfus Fund U.S. Grouped In Shares Growth Equity Invest Growth Fund Investors Mutual Mutual Accum Nat. Resources N.W. Cdn N.W. Growth Principal Growth Royfund Templeton Growth United Accum Universal Savings Vanguard .24 .04 .01 -1514 .85 .30 2.00 .58 4.10 1 77 .11 .05 .90 4.10 .06 1.40 .12 .07 .52 478 4.87 2.03 3.48 1.74 3.60 10.84 2.39 4.11 4.73 3.46 7.87 2.35 454 8.87 4.30 4.78 3.32 3.87 3.25 305 5.05 608 3.36 6.09 370 Toronto mines, industrials (Supplied by Richardson Securities ot Canada) MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollmger A Hudson Bay A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F Martin McNeely Maclntyre Meta Midrim Intern Mogul NuWest Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherntt Gordon Steep Rock Sunningdale Tek Corp. A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknife Bear Zenmac IhlfM IOTDIAI Abitibi Alcan Algoma Steel Atco Ind Agra Ind Bell Tel Brascan A BC Tel .06 1.00 1.68 1.33 .29 9.00 .85 370 2.05 2.31 2.55 .61 .80 2.10 1.60 .14 1.10 3.50 775 36.00 21 46.00 1.65 3.50 1.60 23.87 'A .11 35' 11 25 1.19 22.50 12.75 .51 375 .66 .16V4 24.00 3.80 .09 .45 1.11 .25Vi 31.50 .09 .07 2.15 4.80 .17 .14 26.87 'A 2.80 .16% 24.75 14.50 1.25 .14 .81 .17 19.37% 8.75 4.55 .95 3.10 2.03 .16 5.75 2.06 1.65 1.45 1.52 .09 1.68 .05% 9.62% 19.12% 22.62% 10.50 4.50 43.50 9.50 46.75 Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carling O'Keefe Chemcell Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR' Cominco 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 Int'l IAC Ltd Jannock Kaps Kel Douglas 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 Westons Woodwards A BANKS Can Imperial Montreal Nova Scotia Royal Tor Dom Stock prices drop sharply TORONTO (CP) Prices on the Toronto stock market declined sharply in moderate mid-morning trading Friday. The industrial index, wide- ly based indicator of market trend, was off .93 to 151.44 and western oils 1.64 to 109.89. The gold index rose 10.4 to 393.40 and base metals .10 to 68.94. Traders A fell Vt to No- randa A to Falconbridge Nickel Vi to Abitibi to and Hudson's Bay Co. to Texaco Canada rose to Texasgulf to Ms and Bank of Montreal V8 to Chicago markets CHICAGO (AP) Commodity futures responded to an' improved de- mand after recent liquidation and prices rose in most pits on the United States' major exchanges Thursday. Sugar futures, down 14 cents a pound in the last two weeks, gained about 1 cent under a good demand. Among farm commodity futures, grains improved as did pork bellies and livestock. Wheat, corn and soybeans gained from 3 to 11 cents a bushel. Oats were mixed. Soybean meal was up about a ton but soybean oil closed on an irregular tone after early gains of up to 50 points, of "4 cent a pound. Iced broilers gained about Vz cent a pound, largely on demand associated with higher red meat futures prices. The ISO-point gain in pork belly futures, a limit move, followed a light movement of supplies to storage and firm cash prices. Live hogs gained up to 25 a hundredweight on improved grain prices and a more stable cash market Live cattle rose up to a hundredweight, soybeans were 4Vz to 11 cents a bushel higher. January 7 70: Chicago wheat was unchanged to 3 higher, December 4 82: corn was un- changed to 4 higher, December 3.67; and oats were IVa lower to 3Vz higher, December 1.87V2. Grain quotations Thursday. Wheat. Dec 482: Mar. 5 02: May 5.05: Jul 4.67; Sep 4.73. Dec 4 83. Corn- Dec 3 67: Mar 3.74: May 3.78. Jul 3.78, Sep 3.61. Dec3.21. Mar 3.25 Oats: Dec Mar 185'4. May 1.84: Jul Sep 1.71 Vi. Dec 1 Camflo Mines gained Vt to Pan Central 15 cents to and Los River five cents to International Chem- alloy lost 22 cents to and Pacific Copper 10 cents to 40 cents. Pan Ocean was down to' and United Canso to Ranger added Vi to Cow beef use suggested to cut consumer prices New York (Supplied by Richardfon Secvritief of Canada) Amr T T Anaconda Beth Steel Chrysler Comsat Dupont General Motors Gull Int Harvester Kenn Copper Montgomery Ward Sears Exxon Texas Gulf Texas Co Wlx Corporation 41.50 13.75 24.62'xi 7.25 27.00 86.50 29.00 16.50 20.00 34.50 59.75 '27.37Vi 20.25 8.25 Woolworth 9.25 Westlnghouse Elec 8.50 US Steel 36.25 Gan Tel Elec 16.75 TORONTO AVERAGES 20 industrials 151.31 down 1.06 20 Golds 391.85 up 8.89 10 Base Metals 58.77 down .07 15 Western Oils 110.14 down 1.39 Volume NEW YORK AVERAGES 20 Industrials 581.27 down 5.78 20 Rails 140.16 down 1.12 15 Utilities 66.23 down .15 65 Stocks 190.83 down 1.S7 Volume Market trends 7.62V4 11.50 19.50 9.87Vz 6.75 19.50 2.50 385 1.84 3.50 1.55 15.75 2.80 11.50 6.87 Vi 23.00 23.50 14.12V4 30.75 16.75 20.25 6.75 15.00 15.50 20.00 1.30 5.00 28.25 16.62V4 19.75 11.50 3.90 35.00 24.50 19.75 23.00 19.50 5.62% B.B7V, 17.50 5 12Vz 1.10 4.30 6.87 'A 2.20 5.00 10.75 12.62V4 23.00 38.37Vs 13.50 12.25 6.50 7.50 2.22 8.25 12.25 9.12V4 10.50 8.8714 23.00 10.75 24.75 10.75 8.62'A 9.1214 14.75 7.50 2.30 5.00 17.75 18.75 17.50 20.00 11.75 33.50 25.75 31.50 MONTREAL (CP) Prices dropped in light trading on the Montreal Stock Exchange Friday. Industrials fell 1.33 to 150.51. papers 1.21 to 102.50, the composite 1.06 to 149.55, utilities .69 to 116.72 and banks .01 to 204.49. While Texaco Canada rose to Union Carbide Canada fell 2 to Falconbridge Nickel Vi to 124, Price tt to Domtar Vi to Chrysler Vt to International Nickel to Dominion Textile V4 to IAC Ltd. Vt to Vi and Pan Ocean Oil "A to Among speculative issues, Mac- donald Mines rose IS cents to after trading shares. VANCOUVER (CP) Prices were down in light trading on the Vancouver Stock Exchange Friday. In the industrials, Pacific National Gas was unchanged at In the mines, Arodien was down .12 at .63. In the oils, Williams Creek was unchanged at 06. On the curb exchange Tapin copper was down .05 at Prices were up Thursday in light trading. Closing volume was shares. On the industrials board. Wardair was down .05 at Newmark Resources-rose .02 at .52; Canadian Javelin fell at EDP was un- changed at 05: Cornat unchanged at Bank of B C trust units rose .12% at In the mines. Consolidated Beau- mont was up .05 at 31; Arodien rose 05 at 75: Sonesta unchanged at 34: Skaist rose .04 at 33; Colby Mines was up .07 at Green Eagle rose .02 to .25. Most active issue in the oils was Payette, down a half cent at Seneca Developments fell .03 at .81; Bison Petroleum unchanged at Galveston down .01 at Davenport up .02 at .60; Western Explorations un- changed at .03Vj. On the curb exchange Tapin copper rose .25 at Host Ventures rose 03 at .35: Trevlac rose .01 at .70: Gentry up .07 at .15; Alice Arm un- changed at and Highland Star up 01 at .18. NEW YORK (AP) The gov- ernment's report of a big jump in un- employment last month helped to drive stock market prices broadly lower again Friday, with the pace of selling accelerating a bit. The noon Dow Jones average of 30 industrials was down 5.79 to 581.27, and losers held a 4-to-l edge on gainers at the New York Stock Exchange On the American Stock Exchange, the market-value index declined .67 to 59.59. The NYSE's composite index of more than common stocks was down .38 at 34.70. American Agronomics, the most- active Amex issue, lost to Among Canadian issues on the NYSE, Campbell Red Lake was up lvs to and Dome Mine's 1 to International Nickel was down Vt to Alcan V4 to Hiram Walker Vi to and Seagrams 'A to Canadian Pacific remained unchang- ed at WINNIPEG (CP) A Food Prices Review Board com- missioner gave consumers hope for lower beef prices Thursday but failed to im- prove the board's relations with the National Farmers Union. Dr. Gordon Burton of Clare- sholm, Alta., told 600 delegates to the union's an- nual meeting that Canadians could be eating good beef at lower prices and helping producers if packing houses and retailers would use cow meat. He said there is a huge sur- plus of a tew years ago when grain produc- tion was cut back in favor of this could be ab- sorbed if major food stores could be persuaded to carry cow beef. "It could retail at prices be- tween two-thirds and one-half lower than the prices charged for Grade A Dr. Burton said later in an inter- view. But his reception by the delegates was not enthusiastic. The NFU has advocated that, to ease the surplus meat situation, beef be canned and supplied as food aid. When Dr. Burton suggested that Cana- dians could "eat their way out" of the surplus, he was subjected to boos. After Dr. Burton outlined the activities of the board since its appointment by the federal government in May, 1973, a question period left no doubt that the delegates re- jected it. One delegate called the board a propaganda arm of the food processing and retail- ing industry. He was told that the review board's reports on the profits of retail food chains were a "whitewash" and did not reveal the true profits of the firms. Dr. Burton advocated an open market system while the NFU is dedicated to im- plementing collective x bargaining for farmers to ob- tain just prices for their products. U.S. takes steps to cut bean bulge Livestock Calgary Winnipeg grain WINNIPEG (CP) The futures market slipped out of its opening doldrums by mid-session Friday.- with most commodities showing small to good gains on the Winnipeg Commodi- ty Exchange Vancouver rapeseed and flax were strong. Mid-session prices: Thunder Bay rapeseed: July un- changed 8 32A; Oct. unchanged 8.ISA. Dec. and May not open. Vancouver rapeseed. Jan 5 Vt higher 8.68VzB; Mar 4Va higher 8.56B, June higher Sept two higher 817B Flax- Dec. six higher 10.51B; May seven higher 10.59B; July seven higher 10.32B; Oct not open. Feed wheat- Dec. IVz higher 3.92B; May higher 381 "zA; July and Oct. not open. Corn: Dec., Mar., May and July not open. Barley Dec. 4 Ms higher 3 06B: May higher 3 07A; July higher 3.04B. Oats'. Dec higher 1 96 Vt A; May Vt higher 191 A. July not open. Rye: Dec one higher 3 03B; May H4 higher July one higher 3.17 Gold futures WINNIPEG (CP) Gold futures. U S funds. Winnipeg Commodity Ex- change close Thursday 400-ounce contracts: Jan 75 179.00B; April 75 184.25; July 75 189.90A, Oct 75 196.00A: Jan 76 201.90 Wednesday's volume- 891 contracts. 100-ounce contracts: Feb 75 181 40; May 75 187 00, Aug 75 193.40A; Nov 75 199.80A. Wednesday's volume: 499 contracts. CALGARY (CP) Receipts to 11 a.m. Friday at the Calgary public stockyards totalled head, mostly feeder cattle and stock calves Trade was active with a strong local demand. No slaughter cattle were on offer Medium cows sold fully steady. Good bulls sold fully steady to strong Cows, Dl. D2. 19.50-21.50 D3. 1750- 19 D4: 13-16.50. Bulls, good. 16.50-19. There was a moderate supply of medium quality feeder steers, heifers and stock calves, all remaining steady. Feeder steers more than 750 pounds: 42.75-44.75, under 750 pounds: 39-43 Stock steer calves 401-575 pounds. 40- 44.10 Stock heifer calves: 28.75-30.50. Butcher calves. 25.50-29 Hogs fob to 11 am 5685. Beef futures WINNIPEG (CP) Live beef futures close Thursday. Jan. 48.75A. March 4875A; May 47.50N Wednesday's volume- Four con- tracts Feed prices WINNIPEG (CP) Wheat Board domes'tic feed grain prices Thursday. 3 CW red spring wheat 3 91. No 1 feed barley 3 01 No 1 feed oats 1.96. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Fri- day was up 1-50 at 39-100. Pound sterling was up 1-20 at 11-100. In New York, the Canadian dollar was down 1-50 at 13-50. Pound sterling was unchanged at Hog prices EDMONTON (CP) Average clos- ing prices Friday provided by the Alberta hog producers marketing board Thursday's prices in brackets. Edmonton: 57.94 (56.59) Calgary 58.23 Lethbridge- Nil FortMacleod: Nil Total hogs sold average 58 00. Treasury bills OTTAWA (CP) New 91-day treasury bills issued Thursday. million at an average price of 98.171 and an average yield of 7.47 per cent. Last week. million at average price of 98.168 and average yield of 7.49 per cent. 182-day million at an average price of 96.530 and average yield of 7 21 per cent Last week. million at average price of 96.566 and average yield of 7.13 per cent. WASHINGTON (AP) -The United States government took steps Thursday to reduce a sudden bean bulge brought on by a record harvest this year. Meanwhile, at the super- market, many consumers still were paying some of the highest retail bean prices on record. There was a small crop in 1973 and officials say many stores have not yet restocked shelves with cheaper new- crop beans. The agriculture department said it plans to buy an un- specified quantity of beans the dry kind for cooking for donation to schools and to needy families who get government commodities instead of food stamps. It also will make credit sales to foreign countries. And laughter and hoots greeted his statement that "competition controls the prices" of the goods and serv- ices farmers need to produce food. The NFU believes that farmers and consumers are being exploited by the large multi-national corporations which, through cartels, control prices. Earlier, delegates gave a warmer reception to Harold Homer of Regina who told them that abandonment of the 78-year-old Crowsnest Pass freight rates on grain would have a grave impact on the whole economy of the country. Mr. Horner. executive ad- visor on grain handling and transportation for the Saskatchewan government, said the loss of the rates would mean farmers would pay four times as much to move their grain to market. Delegates later adopted a resolution asking the federal government to expropriate Canadian Pacific Ltd. and for the merger of its rail operations with Canadian National Railways under single management. The policy called for maintenance of the Crowsnest rates on grain and special rates provided in the Maritimes, and that more emphasis be placed on rail transportation. The week-long convention ends today. WATKINSON, HANHART, DUDA OORCHAK Chartered Accountants 511 5th Street South Telephone 328-1741 LETHBRIDGE, ALBERTA announce the admission to partnership of RICKG. MELVIN.B.A..C.A. RETIREMENT and RECREATIONAL COMMUNITY Blind Bay, B.C., Pleate mail me a free brochure. Name Phone Halfway between Calgary and Vancouver on Trans-Canada THE PROFESSIONAL BUILDING 740 4th Avenue South The finest office Accommodation in Lethbridge We are happy to report that the new addition to this building is now 75% leased ana occupied. YOU'LL BE IN GOOD COMPANY WITH: Trust Company Broken Restaurant Accountant! Law Lite Insurance Compinlei Government Medical PARKING AVAILABLE ONLY 7200 SO. FT. OF OFFICE SPACE STILL AVAILABLE For Further Information Contact: PAHULJE CONSTRUCTION LTD. No. 300 Protawlonal Bldg. Phont 327-6747 L If we could gather all employers in Alberta into one great big auditorium and make a one-minute speech, here's what we'd say: "Gentlem.en we provide you with the solu tion before you even hgve the problem "The problem we're referring to is accidental to your employees Our solution to this problem is two-fold. we strive to prevent as many accidents as possible. Thai's why we inspect work-sites, conduct safety courses and encourage safe- working practices. "And second, we take care of your employees when they are on the This includes medical and hospital treatment, financial compen- sation, plus physical and vocational rehabilita- tion In short, we provide whatever is necessary to get your employees back on the "So the next time you pay your assessment to the Workers' Compensation Board, consider it a sound business investment. One that pro- vides solutions to problems so that you won't even have them WORKERS' COMPENSATION BOARD ALBERTA ;